{ "ticker": { "uuid": "17eed91c-a5e6-4757-8690-cd483dc3d705", "symbol": "STEF-B", "name": "Stend\u00f6rren Fastigheter AB (publ)", "exchange": "STO", "country": "SE", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -29.726, "architecture_energy": 16.993, "architecture_maturity": 72.844, "architecture_confidence": 65.901, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 50.68, "rotation_up": 28.17, "upward_expansion": 16.98, "deceleration": 44.99, "rotation_down": 24.27, "downward_expansion": 53.31 }, "activity_lines": [ 180.666663, 179.123633, 180.326665, 182.32172 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 180.399994, "trend_reference": 185.546666, "distance_from_trend": -0.027738, "trend_direction": "Weakening", "fair_value": 186.903846, "distance_from_fair_value": -0.034798, "fair_value_direction": "Improving", "relative_strength": -16.514114, "relative_strength_direction": "Improving", "price_momentum": -0.095739, "excess_performance": -0.157234, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.027738, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.036605, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.034798, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.001212, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.165141, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.0033, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.095739, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.236403, "read": "Supply-led" } ], "volume": { "latest": 64149, "relative_activity": 0.743816, "balance": 0.236403, "dry_up": 0.503889, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.048951, "annualized_volatility": 0.274069, "from_high_reference": -0.172477, "from_low_reference": 0.059929 }, "levels": { "trend_reference": 185.546666, "fair_value_reference": 186.903846, "structural_low": 170.199997, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": 0.021666, "positive_rate": 0.545455, "directional_follow_through": 0.454545, "median_excess_return": -0.012207, "regime_survival": 0.818182, "best_return": 0.182584, "worst_return": -0.222798, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.036085, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": -0.054543, "regime_survival": 0.625, "best_return": 0.153359, "worst_return": -0.176879, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.028271, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.067318, "regime_survival": 0.25, "best_return": 0.185044, "worst_return": -0.087861, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.032609, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.232871, "regime_survival": 0.333333, "best_return": 0.080925, "worst_return": -0.121154, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-31", "end": "2024-08-23", "tenure": "Established", "return": -0.007487, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-09-27", "tenure": "Developing", "return": 0.124862, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.069606, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": 0.071429, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-03-14", "tenure": "Established", "return": -0.073839, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": 0.058824, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-07-18", "tenure": "Established", "return": 0.054348, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": -0.052381, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-31", "tenure": "Developing", "return": -0.015, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.026042, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": -0.076744, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-03-13", "tenure": "Developing", "return": -0.058974, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": 0.002222, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 161.399994, "volume": 10503, "typical_volume": 37206.6, "trend": 182.62, "fair_value": 198.538461, "relative_strength": -14.022426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.897042, "energy": 28.491026, "activity_lines": [ 171.293331, 172.058181, 173.690476, 177.016344 ] }, { "date": "2023-08-25", "close": 153.600006, "volume": 293181, "typical_volume": 50800.3, "trend": 180.89, "fair_value": 198.773077, "relative_strength": -17.756364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.149104, "energy": 56.172276, "activity_lines": [ 164.813333, 168.81091, 171.320953, 175.144086 ] }, { "date": "2023-09-01", "close": 142.399994, "volume": 137522, "typical_volume": 56872.05, "trend": 178.603333, "fair_value": 198.913461, "relative_strength": -24.543941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.450233, "energy": 79.018844, "activity_lines": [ 155.799998, 163.832727, 168.062857, 172.66086 ] }, { "date": "2023-09-08", "close": 144.0, "volume": 69028, "typical_volume": 59868.9, "trend": 176.62, "fair_value": 198.983974, "relative_strength": -22.623408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.35831, "energy": 84.839634, "activity_lines": [ 149.879999, 159.54909, 165.245714, 170.428387 ] }, { "date": "2023-09-15", "close": 142.800003, "volume": 1237802, "typical_volume": 121011.65, "trend": 174.713333, "fair_value": 199.043589, "relative_strength": -23.263335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.104029, "energy": 88.8044, "activity_lines": [ 145.72, 155.385454, 162.580953, 168.246452 ] }, { "date": "2023-09-22", "close": 144.800003, "volume": 215801, "typical_volume": 130212.15, "trend": 173.44, "fair_value": 199.119231, "relative_strength": -20.79284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.068778, "energy": 84.618637, "activity_lines": [ 144.373335, 152.236364, 160.38381, 166.316559 ] }, { "date": "2023-09-29", "close": 137.800003, "volume": 69346, "typical_volume": 132406.1, "trend": 171.473333, "fair_value": 199.146795, "relative_strength": -23.723659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.734755, "energy": 82.650378, "activity_lines": [ 141.800002, 148.33091, 157.746667, 164.017205 ] }, { "date": "2023-10-06", "close": 130.199997, "volume": 63437, "typical_volume": 133294.35, "trend": 169.913333, "fair_value": 199.096795, "relative_strength": -27.423128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.610007, "energy": 86.674583, "activity_lines": [ 137.746667, 143.658182, 154.6, 161.354409 ] }, { "date": "2023-10-13", "close": 134.199997, "volume": 45114, "typical_volume": 131649.95, "trend": 167.913333, "fair_value": 199.094872, "relative_strength": -25.878059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.841857, "energy": 63.954689, "activity_lines": [ 135.839999, 140.632727, 152.04, 159.050323 ] }, { "date": "2023-10-20", "close": 125.400002, "volume": 69129, "typical_volume": 130778.2, "trend": 166.6, "fair_value": 199.026923, "relative_strength": -26.473309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.686138, "energy": 69.126426, "activity_lines": [ 131.653333, 136.774546, 148.833334, 156.307527 ] }, { "date": "2023-10-27", "close": 124.0, "volume": 19710, "typical_volume": 124522.7, "trend": 164.96, "fair_value": 199.007692, "relative_strength": -25.667653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.517017, "energy": 78.76718, "activity_lines": [ 128.16, 133.563637, 145.72, 153.55914 ] }, { "date": "2023-11-03", "close": 134.800003, "volume": 27256, "typical_volume": 124180.8, "trend": 163.086667, "fair_value": 198.977564, "relative_strength": -21.483943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.155906, "energy": 58.542369, "activity_lines": [ 129.653334, 132.996364, 143.825715, 151.613334 ] }, { "date": "2023-11-10", "close": 136.800003, "volume": 32100, "typical_volume": 124833.8, "trend": 160.88, "fair_value": 198.957051, "relative_strength": -19.268945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.437617, "energy": 50.287234, "activity_lines": [ 132.013335, 133.134547, 142.291429, 149.91742 ] }, { "date": "2023-11-17", "close": 142.399994, "volume": 44583, "typical_volume": 125637.7, "trend": 158.96, "fair_value": 198.975641, "relative_strength": -18.591561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.80097, "energy": 34.334331, "activity_lines": [ 135.8, 134.392727, 141.422857, 148.725161 ] }, { "date": "2023-11-24", "close": 157.0, "volume": 78002, "typical_volume": 126390.65, "trend": 157.493333, "fair_value": 199.091025, "relative_strength": -10.920711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.246813, "energy": 19.387852, "activity_lines": [ 143.906666, 138.334545, 142.040952, 148.59871 ] }, { "date": "2023-12-01", "close": 157.800003, "volume": 21781, "typical_volume": 127022.2, "trend": 156.34, "fair_value": 199.179487, "relative_strength": -10.738586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.289165, "energy": 21.360429, "activity_lines": [ 150.173334, 142.163637, 142.838095, 148.618495 ] }, { "date": "2023-12-08", "close": 162.0, "volume": 34587, "typical_volume": 127298.9, "trend": 155.646667, "fair_value": 199.304487, "relative_strength": -10.349333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.726101, "energy": 29.561508, "activity_lines": [ 155.586667, 146.52, 144.108572, 148.983656 ] }, { "date": "2023-12-15", "close": 168.399994, "volume": 38292, "typical_volume": 128707.5, "trend": 155.48, "fair_value": 199.457692, "relative_strength": -9.193843, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.938511, "energy": 42.102387, "activity_lines": [ 161.319998, 151.599999, 146.034285, 149.806452 ] }, { "date": "2023-12-22", "close": 181.800003, "volume": 207690, "typical_volume": 138809.2, "trend": 155.726667, "fair_value": 199.677564, "relative_strength": -1.211451, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.676297, "energy": 67.114941, "activity_lines": [ 169.413333, 158.421818, 149.295238, 151.504516 ] }, { "date": "2023-12-29", "close": 183.399994, "volume": 15857, "typical_volume": 136536.05, "trend": 156.073333, "fair_value": 199.875641, "relative_strength": -0.791182, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.425788, "energy": 71.330176, "activity_lines": [ 175.413331, 164.66909, 152.682857, 153.289892 ] }, { "date": "2024-01-05", "close": 186.0, "volume": 24983, "typical_volume": 137260.05, "trend": 156.806667, "fair_value": 200.10641, "relative_strength": 3.627465, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.035782, "energy": 77.042983, "activity_lines": [ 180.519998, 170.334544, 156.278095, 155.220645 ] }, { "date": "2024-01-12", "close": 189.600006, "volume": 74778, "typical_volume": 126339.9, "trend": 157.446667, "fair_value": 200.373077, "relative_strength": 5.274383, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.552987, "energy": 79.950911, "activity_lines": [ 184.946667, 175.527273, 160.099048, 157.336344 ] }, { "date": "2024-01-19", "close": 177.0, "volume": 15972, "typical_volume": 120262.4, "trend": 157.86, "fair_value": 200.565384, "relative_strength": 1.126324, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.558095, "energy": 79.251708, "activity_lines": [ 183.333334, 177.432727, 162.548571, 158.597849 ] }, { "date": "2024-01-26", "close": 185.0, "volume": 34629, "typical_volume": 118542.45, "trend": 158.606667, "fair_value": 200.83141, "relative_strength": 2.879972, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.719633, "energy": 68.071565, "activity_lines": [ 183.813334, 180.061818, 165.595238, 160.348817 ] }, { "date": "2024-02-02", "close": 187.0, "volume": 24200, "typical_volume": 57862.35, "trend": 158.886667, "fair_value": 201.094231, "relative_strength": 4.433856, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.844679, "energy": 57.71016, "activity_lines": [ 184.746667, 182.28, 168.637143, 162.180645 ] }, { "date": "2024-02-09", "close": 185.399994, "volume": 14189, "typical_volume": 47781.75, "trend": 159.293333, "fair_value": 201.346795, "relative_strength": 4.584826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.914833, "energy": 52.498136, "activity_lines": [ 184.906665, 183.661817, 171.31619, 163.891182 ] }, { "date": "2024-02-16", "close": 183.199997, "volume": 23982, "typical_volume": 45513.55, "trend": 159.68, "fair_value": 201.582051, "relative_strength": 1.252282, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.621013, "energy": 51.435747, "activity_lines": [ 184.373331, 184.141817, 173.59238, 165.433548 ] }, { "date": "2024-02-23", "close": 185.600006, "volume": 35533, "typical_volume": 44118.35, "trend": 159.84, "fair_value": 201.864743, "relative_strength": 1.636493, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.182664, "energy": 53.548505, "activity_lines": [ 185.066667, 184.672727, 175.880952, 167.105806 ] }, { "date": "2024-03-01", "close": 182.0, "volume": 4667, "typical_volume": 42096.0, "trend": 160.026667, "fair_value": 202.124359, "relative_strength": -1.048666, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.625741, "energy": 43.836462, "activity_lines": [ 183.986667, 184.236364, 177.562857, 168.535484 ] }, { "date": "2024-03-08", "close": 179.199997, "volume": 76379, "typical_volume": 42458.5, "trend": 160.166666, "fair_value": 202.343589, "relative_strength": -3.380868, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.204773, "energy": 36.508197, "activity_lines": [ 182.173333, 183.287272, 178.750476, 169.772473 ] }, { "date": "2024-03-15", "close": 176.600006, "volume": 20194, "typical_volume": 42482.7, "trend": 160.673333, "fair_value": 202.539743, "relative_strength": -5.943068, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.037935, "energy": 28.966515, "activity_lines": [ 180.013335, 181.941819, 179.434286, 170.832688 ] }, { "date": "2024-03-22", "close": 181.800003, "volume": 90293, "typical_volume": 45634.55, "trend": 161.613333, "fair_value": 202.708333, "relative_strength": -3.019873, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.053541, "energy": 24.848275, "activity_lines": [ 180.173336, 181.712728, 180.362858, 172.195699 ] }, { "date": "2024-03-29", "close": 183.800003, "volume": 49806, "typical_volume": 46519.85, "trend": 162.993334, "fair_value": 202.882692, "relative_strength": -1.20145, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.476201, "energy": 27.878452, "activity_lines": [ 181.093336, 181.989092, 181.258096, 173.627097 ] }, { "date": "2024-04-05", "close": 177.800003, "volume": 35499, "typical_volume": 46065.65, "trend": 164.12, "fair_value": 203.007051, "relative_strength": -3.499668, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.089529, "energy": 18.944599, "activity_lines": [ 180.133336, 181.050911, 181.358096, 174.582366 ] }, { "date": "2024-04-12", "close": 179.800003, "volume": 32780, "typical_volume": 43804.55, "trend": 165.353334, "fair_value": 203.101923, "relative_strength": -2.02494, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.701073, "energy": 20.147207, "activity_lines": [ 180.120003, 180.607275, 181.480001, 175.593979 ] }, { "date": "2024-04-19", "close": 179.600006, "volume": 119999, "typical_volume": 48715.45, "trend": 166.513334, "fair_value": 203.190384, "relative_strength": -1.495075, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.894047, "energy": 17.692056, "activity_lines": [ 180.000004, 180.258185, 181.474287, 176.513119 ] }, { "date": "2024-04-26", "close": 175.800003, "volume": 20207, "typical_volume": 47996.45, "trend": 167.780001, "fair_value": 203.160897, "relative_strength": -5.181196, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.910069, "energy": 11.252834, "activity_lines": [ 178.413337, 179.32364, 181.002859, 177.112259 ] }, { "date": "2024-05-03", "close": 180.800003, "volume": 15369, "typical_volume": 46850.3, "trend": 169.466667, "fair_value": 203.114744, "relative_strength": -1.423665, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.378912, "energy": 9.593485, "activity_lines": [ 178.893337, 179.432731, 180.941907, 177.95226 ] }, { "date": "2024-05-10", "close": 190.399994, "volume": 11927, "typical_volume": 37062.15, "trend": 171.340001, "fair_value": 203.176282, "relative_strength": 0.591539, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.774827, "energy": 28.928445, "activity_lines": [ 182.773334, 181.374547, 181.736192, 179.302797 ] }, { "date": "2024-05-17", "close": 183.0, "volume": 344053, "typical_volume": 53471.95, "trend": 173.260001, "fair_value": 203.155769, "relative_strength": -2.221996, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.977884, "energy": 25.832863, "activity_lines": [ 183.346666, 181.818183, 181.784763, 180.055055 ] }, { "date": "2024-05-24", "close": 188.800003, "volume": 14362, "typical_volume": 52940.9, "trend": 175.420001, "fair_value": 203.117308, "relative_strength": 0.148811, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 57.0386, "energy": 38.036776, "activity_lines": [ 185.64, 183.247274, 182.387621, 181.057636 ] }, { "date": "2024-05-31", "close": 187.0, "volume": 41379, "typical_volume": 51270.95, "trend": 177.160001, "fair_value": 203.008333, "relative_strength": 0.068947, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.307558, "energy": 41.169661, "activity_lines": [ 186.72, 184.127274, 182.805716, 181.804732 ] }, { "date": "2024-06-07", "close": 187.800003, "volume": 133637, "typical_volume": 57154.2, "trend": 178.860001, "fair_value": 202.898077, "relative_strength": -0.258558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.896056, "energy": 39.111857, "activity_lines": [ 187.320001, 185.058183, 183.312383, 182.491184 ] }, { "date": "2024-06-14", "close": 181.0, "volume": 86863, "typical_volume": 59765.9, "trend": 180.146667, "fair_value": 202.71859, "relative_strength": -1.472316, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.183173, "energy": 25.121114, "activity_lines": [ 185.186668, 184.680001, 183.120001, 182.629249 ] }, { "date": "2024-06-21", "close": 178.0, "volume": 14383, "typical_volume": 59275.05, "trend": 180.846667, "fair_value": 202.526282, "relative_strength": -3.447701, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.787515, "energy": 7.928652, "activity_lines": [ 182.680001, 183.698183, 182.660954, 182.490754 ] }, { "date": "2024-06-28", "close": 184.800003, "volume": 155803, "typical_volume": 66355.75, "trend": 181.746667, "fair_value": 202.332692, "relative_strength": 0.368142, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.909584, "energy": 15.240581, "activity_lines": [ 182.773335, 183.985456, 182.892382, 182.745808 ] }, { "date": "2024-07-05", "close": 192.600006, "volume": 17891, "typical_volume": 66051.2, "trend": 182.766668, "fair_value": 202.176282, "relative_strength": 5.251053, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.301619, "energy": 23.904409, "activity_lines": [ 185.733336, 185.596366, 183.869526, 183.446023 ] }, { "date": "2024-07-12", "close": 193.199997, "volume": 22365, "typical_volume": 65392.8, "trend": 183.593334, "fair_value": 201.985256, "relative_strength": 2.705097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.172879, "energy": 40.373233, "activity_lines": [ 188.520001, 187.01091, 184.859049, 184.119141 ] }, { "date": "2024-07-19", "close": 192.600006, "volume": 50443, "typical_volume": 67681.6, "trend": 183.953335, "fair_value": 201.751923, "relative_strength": 4.834749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.469893, "energy": 55.452784, "activity_lines": [ 190.746669, 188.090911, 185.75524, 184.700217 ] }, { "date": "2024-07-26", "close": 190.800003, "volume": 12928, "typical_volume": 64509.05, "trend": 184.200001, "fair_value": 201.337179, "relative_strength": 3.701773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.654228, "energy": 56.418069, "activity_lines": [ 191.600003, 188.803639, 186.429526, 185.141937 ] }, { "date": "2024-08-02", "close": 186.0, "volume": 24577, "typical_volume": 64728.2, "trend": 184.200001, "fair_value": 200.789103, "relative_strength": 5.798744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.974514, "energy": 42.000477, "activity_lines": [ 190.000002, 188.50182, 186.59143, 185.258066 ] }, { "date": "2024-08-09", "close": 189.0, "volume": 10739, "typical_volume": 60750.5, "trend": 184.180001, "fair_value": 200.192949, "relative_strength": 7.947174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.564652, "energy": 25.202308, "activity_lines": [ 189.320001, 188.796365, 186.994287, 185.567744 ] }, { "date": "2024-08-16", "close": 186.0, "volume": 9435, "typical_volume": 58731.95, "trend": 184.480001, "fair_value": 199.596795, "relative_strength": 3.159279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.319473, "energy": 14.670649, "activity_lines": [ 187.880001, 188.509092, 187.077144, 185.685163 ] }, { "date": "2024-08-23", "close": 185.600006, "volume": 27014, "typical_volume": 58307.7, "trend": 184.500001, "fair_value": 199.078205, "relative_strength": 1.856153, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.010396, "energy": 15.797845, "activity_lines": [ 186.786669, 188.18182, 187.11143, 185.757421 ] }, { "date": "2024-08-30", "close": 181.800003, "volume": 20539, "typical_volume": 57695.65, "trend": 184.326668, "fair_value": 198.567308, "relative_strength": -1.769282, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.497908, "energy": 12.506624, "activity_lines": [ 184.893336, 187.080002, 186.746669, 185.583228 ] }, { "date": "2024-09-06", "close": 187.0, "volume": 30414, "typical_volume": 53216.4, "trend": 184.380002, "fair_value": 198.166667, "relative_strength": 5.460731, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.042826, "energy": 11.829789, "activity_lines": [ 185.333335, 186.854547, 186.867621, 185.755701 ] }, { "date": "2024-09-13", "close": 183.199997, "volume": 52652, "typical_volume": 54838.65, "trend": 184.380002, "fair_value": 197.748077, "relative_strength": 1.305254, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.658388, "energy": 10.633501, "activity_lines": [ 184.44, 185.898183, 186.59143, 185.679571 ] }, { "date": "2024-09-20", "close": 189.399994, "volume": 139973, "typical_volume": 61068.85, "trend": 184.506668, "fair_value": 197.404487, "relative_strength": 2.361185, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.99145, "energy": 11.074152, "activity_lines": [ 185.999998, 186.24, 186.870477, 186.003442 ] }, { "date": "2024-09-27", "close": 204.5, "volume": 82442, "typical_volume": 64594.6, "trend": 185.256668, "fair_value": 197.199359, "relative_strength": 7.606227, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.360504, "energy": 50.431348, "activity_lines": [ 192.366665, 189.396363, 188.546667, 187.293334 ] }, { "date": "2024-10-04", "close": 215.5, "volume": 87739, "typical_volume": 51778.9, "trend": 186.466668, "fair_value": 197.077564, "relative_strength": 14.265736, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.131173, "energy": 79.450533, "activity_lines": [ 201.139998, 194.336363, 191.203334, 189.244517 ] }, { "date": "2024-10-11", "close": 215.5, "volume": 176766, "typical_volume": 59899.1, "trend": 187.763335, "fair_value": 196.85641, "relative_strength": 14.265063, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.801604, "energy": 89.065441, "activity_lines": [ 207.666666, 198.827272, 193.705238, 191.117635 ] }, { "date": "2024-10-18", "close": 206.0, "volume": 32778, "typical_volume": 59469.05, "trend": 188.570001, "fair_value": 196.567949, "relative_strength": 8.447627, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.889649, "energy": 80.985768, "activity_lines": [ 209.126666, 201.054545, 195.175238, 192.294194 ] }, { "date": "2024-10-25", "close": 197.0, "volume": 102099, "typical_volume": 57892.15, "trend": 189.010001, "fair_value": 196.221795, "relative_strength": 3.369709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.373821, "energy": 70.861024, "activity_lines": [ 206.066667, 201.336363, 195.697619, 192.838065 ] }, { "date": "2024-11-01", "close": 206.0, "volume": 118893, "typical_volume": 59493.65, "trend": 189.950001, "fair_value": 195.85641, "relative_strength": 9.084119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.131211, "energy": 44.576215, "activity_lines": [ 205.5, 203.054545, 197.033333, 193.934194 ] }, { "date": "2024-11-08", "close": 200.5, "volume": 69158, "typical_volume": 62232.4, "trend": 190.640001, "fair_value": 195.375641, "relative_strength": 5.731682, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.831592, "energy": 26.954332, "activity_lines": [ 203.0, 203.401818, 197.726191, 194.614839 ] }, { "date": "2024-11-15", "close": 196.0, "volume": 85934, "typical_volume": 58738.95, "trend": 191.186667, "fair_value": 194.741026, "relative_strength": 5.003026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.815972, "energy": 19.647674, "activity_lines": [ 200.0, 202.590909, 197.883333, 194.960646 ] }, { "date": "2024-11-22", "close": 198.199997, "volume": 283789, "typical_volume": 72033.85, "trend": 191.933334, "fair_value": 194.037179, "relative_strength": 5.777948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.19041, "energy": 17.167022, "activity_lines": [ 199.033332, 202.016363, 198.196666, 195.413118 ] }, { "date": "2024-11-29", "close": 208.0, "volume": 460336, "typical_volume": 93932.4, "trend": 192.84, "fair_value": 193.357692, "relative_strength": 10.658985, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.803861, "energy": 20.706597, "activity_lines": [ 201.853333, 202.950909, 199.416666, 196.449678 ] }, { "date": "2024-12-06", "close": 210.0, "volume": 264778, "typical_volume": 104649.15, "trend": 193.493334, "fair_value": 192.787179, "relative_strength": 7.147923, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.904126, "energy": 30.290236, "activity_lines": [ 204.606666, 203.910909, 200.756666, 197.556774 ] }, { "date": "2024-12-13", "close": 204.5, "volume": 51092, "typical_volume": 106557.35, "trend": 194.210001, "fair_value": 192.191026, "relative_strength": 6.44865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.547641, "energy": 29.584636, "activity_lines": [ 205.26, 203.770909, 201.49, 198.266882 ] }, { "date": "2024-12-20", "close": 207.0, "volume": 175872, "typical_volume": 114122.1, "trend": 194.816667, "fair_value": 191.639744, "relative_strength": 11.103133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.861572, "energy": 34.810835, "activity_lines": [ 206.48, 204.285454, 202.39619, 199.092043 ] }, { "date": "2024-12-27", "close": 208.5, "volume": 3568, "typical_volume": 113763.55, "trend": 195.533334, "fair_value": 191.024359, "relative_strength": 11.004201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.560625, "energy": 39.893483, "activity_lines": [ 207.466667, 205.227272, 203.345238, 199.974839 ] }, { "date": "2025-01-03", "close": 212.5, "volume": 22885, "typical_volume": 114436.05, "trend": 196.356667, "fair_value": 190.469872, "relative_strength": 12.033069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.550713, "energy": 43.154168, "activity_lines": [ 209.1, 206.850909, 204.582381, 201.069462 ] }, { "date": "2025-01-10", "close": 197.800003, "volume": 173745, "typical_volume": 121772.6, "trend": 196.916667, "fair_value": 189.926923, "relative_strength": 3.829892, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.731845, "energy": 21.875887, "activity_lines": [ 205.533334, 205.52, 204.293333, 201.162581 ] }, { "date": "2025-01-17", "close": 208.5, "volume": 54053, "typical_volume": 123448.3, "trend": 197.933334, "fair_value": 189.577564, "relative_strength": 5.458593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.356157, "energy": 25.156215, "activity_lines": [ 206.346667, 206.283637, 204.965238, 201.909893 ] }, { "date": "2025-01-24", "close": 210.5, "volume": 110522, "typical_volume": 127453.7, "trend": 198.79, "fair_value": 189.333974, "relative_strength": 4.362589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.559369, "energy": 27.527775, "activity_lines": [ 207.560001, 207.265455, 205.700476, 202.720645 ] }, { "date": "2025-01-31", "close": 217.5, "volume": 102847, "typical_volume": 129963.45, "trend": 199.62, "fair_value": 189.157692, "relative_strength": 7.732601, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.782542, "energy": 33.642229, "activity_lines": [ 210.873334, 209.256364, 206.990476, 203.927742 ] }, { "date": "2025-02-07", "close": 220.0, "volume": 42696, "typical_volume": 125099.6, "trend": 200.513334, "fair_value": 188.962179, "relative_strength": 10.114679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.157175, "energy": 58.470212, "activity_lines": [ 214.42, 211.350909, 208.355238, 205.242581 ] }, { "date": "2025-02-14", "close": 220.0, "volume": 27281, "typical_volume": 122341.55, "trend": 201.426667, "fair_value": 188.792308, "relative_strength": 6.851077, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.712309, "energy": 63.688157, "activity_lines": [ 217.466667, 213.227273, 209.574286, 206.499785 ] }, { "date": "2025-02-21", "close": 206.0, "volume": 252164, "typical_volume": 130562.8, "trend": 201.933333, "fair_value": 188.590385, "relative_strength": -0.200573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.437488, "energy": 43.814122, "activity_lines": [ 214.366667, 212.376364, 209.386191, 206.794839 ] }, { "date": "2025-02-28", "close": 208.0, "volume": 156045, "typical_volume": 129526.75, "trend": 202.666667, "fair_value": 188.398077, "relative_strength": 0.690755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.392283, "energy": 26.816478, "activity_lines": [ 212.1, 211.861818, 209.43381, 207.186237 ] }, { "date": "2025-03-07", "close": 186.199997, "volume": 208627, "typical_volume": 138319.2, "trend": 202.573333, "fair_value": 188.021154, "relative_strength": -9.924323, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -10.450534, "energy": 15.612864, "activity_lines": [ 202.733332, 207.365454, 207.440952, 206.123871 ] }, { "date": "2025-03-14", "close": 189.399994, "volume": 99854, "typical_volume": 138206.95, "trend": 202.686666, "fair_value": 187.523718, "relative_strength": -6.798143, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -28.410802, "energy": 32.894882, "activity_lines": [ 196.519997, 203.856362, 205.847142, 205.273978 ] }, { "date": "2025-03-21", "close": 187.0, "volume": 45784, "typical_volume": 134551.5, "trend": 202.733333, "fair_value": 187.132692, "relative_strength": -6.10895, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.538127, "energy": 53.519307, "activity_lines": [ 191.546664, 200.330908, 204.060952, 204.261935 ] }, { "date": "2025-03-28", "close": 192.0, "volume": 37399, "typical_volume": 132963.55, "trend": 203.073333, "fair_value": 186.58141, "relative_strength": -0.375619, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.204304, "energy": 55.515502, "activity_lines": [ 190.439998, 197.910908, 202.841428, 203.569462 ] }, { "date": "2025-04-04", "close": 198.0, "volume": 74216, "typical_volume": 132377.65, "trend": 203.439999, "fair_value": 186.158333, "relative_strength": 13.761186, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.337655, "energy": 53.808462, "activity_lines": [ 192.266666, 196.881817, 202.233809, 203.24215 ] }, { "date": "2025-04-11", "close": 184.0, "volume": 461439, "typical_volume": 141260.15, "trend": 203.466666, "fair_value": 185.629487, "relative_strength": 5.922194, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.298804, "energy": 43.998667, "activity_lines": [ 190.093333, 193.534545, 200.283333, 201.987957 ] }, { "date": "2025-04-18", "close": 189.0, "volume": 4659, "typical_volume": 118476.3, "trend": 203.453333, "fair_value": 185.171154, "relative_strength": 4.974966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.447323, "energy": 35.881151, "activity_lines": [ 189.733333, 191.705454, 198.876666, 201.054623 ] }, { "date": "2025-04-25", "close": 200.0, "volume": 128782, "typical_volume": 111676.5, "trend": 203.303333, "fair_value": 184.898718, "relative_strength": 7.447383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.92162, "energy": 24.205531, "activity_lines": [ 193.066667, 192.439999, 198.608095, 200.831828 ] }, { "date": "2025-05-02", "close": 206.0, "volume": 16855, "typical_volume": 109964.65, "trend": 202.986666, "fair_value": 184.841026, "relative_strength": 8.732121, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.515325, "energy": 14.084155, "activity_lines": [ 197.533333, 194.62909, 198.958571, 201.005806 ] }, { "date": "2025-05-09", "close": 202.0, "volume": 55624, "typical_volume": 103952.25, "trend": 202.536666, "fair_value": 184.802564, "relative_strength": 6.943512, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.289103, "energy": 16.925633, "activity_lines": [ 199.733333, 196.090909, 198.920952, 200.94215 ] }, { "date": "2025-05-16", "close": 190.0, "volume": 122030, "typical_volume": 109875.35, "trend": 202.003333, "fair_value": 184.517308, "relative_strength": -3.273738, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.591494, "energy": 20.836457, "activity_lines": [ 197.666667, 195.48, 197.764285, 200.133333 ] }, { "date": "2025-05-23", "close": 185.0, "volume": 88879, "typical_volume": 113175.05, "trend": 201.603333, "fair_value": 184.123077, "relative_strength": -3.434307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.805155, "energy": 24.668933, "activity_lines": [ 193.533333, 193.890909, 196.219523, 199.036344 ] }, { "date": "2025-05-30", "close": 189.0, "volume": 31679, "typical_volume": 106071.75, "trend": 201.036666, "fair_value": 183.940385, "relative_strength": -2.09304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.772186, "energy": 35.136584, "activity_lines": [ 191.0, 193.109091, 195.186666, 198.223225 ] }, { "date": "2025-06-06", "close": 185.0, "volume": 82329, "typical_volume": 107485.55, "trend": 200.52, "fair_value": 183.889103, "relative_strength": -5.175326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.430402, "energy": 57.517461, "activity_lines": [ 187.866667, 191.563636, 193.814762, 197.188602 ] }, { "date": "2025-06-13", "close": 183.5, "volume": 118290, "typical_volume": 107873.95, "trend": 200.103333, "fair_value": 183.923077, "relative_strength": -3.671598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.982922, "energy": 62.3515, "activity_lines": [ 185.633333, 189.872727, 192.411904, 196.090537 ] }, { "date": "2025-06-20", "close": 187.0, "volume": 171088, "typical_volume": 111286.0, "trend": 199.73, "fair_value": 184.074359, "relative_strength": -1.511492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.145108, "energy": 55.090148, "activity_lines": [ 185.8, 189.081818, 191.470952, 195.245161 ] }, { "date": "2025-06-27", "close": 194.5, "volume": 41491, "typical_volume": 111225.75, "trend": 199.28, "fair_value": 184.313462, "relative_strength": -0.115025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.653786, "energy": 32.855125, "activity_lines": [ 188.666667, 189.6, 191.389524, 194.907742 ] }, { "date": "2025-07-04", "close": 196.0, "volume": 44593, "typical_volume": 112091.35, "trend": 198.813333, "fair_value": 184.608333, "relative_strength": 0.334134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.442303, "energy": 16.761802, "activity_lines": [ 191.4, 190.290909, 191.572381, 194.696129 ] }, { "date": "2025-07-11", "close": 192.5, "volume": 28841, "typical_volume": 100925.2, "trend": 198.413333, "fair_value": 184.839744, "relative_strength": -2.769462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.389507, "energy": 18.622335, "activity_lines": [ 192.5, 190.418182, 191.53619, 194.288817 ] }, { "date": "2025-07-18", "close": 194.0, "volume": 29755, "typical_volume": 94610.7, "trend": 197.98, "fair_value": 184.929487, "relative_strength": -2.105645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.36131, "energy": 19.661512, "activity_lines": [ 193.6, 191.063636, 191.707143, 194.004086 ] }, { "date": "2025-07-25", "close": 205.0, "volume": 32258, "typical_volume": 85792.25, "trend": 197.863333, "fair_value": 185.088462, "relative_strength": 0.962326, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.127111, "energy": 23.397121, "activity_lines": [ 197.666667, 193.854545, 192.992381, 194.456989 ] }, { "date": "2025-08-01", "close": 205.0, "volume": 80594, "typical_volume": 84829.25, "trend": 197.613333, "fair_value": 185.305128, "relative_strength": 3.719313, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.001308, "energy": 46.483334, "activity_lines": [ 200.533333, 196.372727, 194.188095, 194.917419 ] }, { "date": "2025-08-08", "close": 210.0, "volume": 48206, "typical_volume": 84950.35, "trend": 198.02, "fair_value": 185.407692, "relative_strength": 3.319807, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.861004, "energy": 65.511722, "activity_lines": [ 204.366667, 199.436364, 195.785714, 195.716559 ] }, { "date": "2025-08-15", "close": 203.0, "volume": 36157, "typical_volume": 84888.25, "trend": 197.836666, "fair_value": 185.471795, "relative_strength": -1.634289, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.615082, "energy": 63.050869, "activity_lines": [ 204.933333, 200.845455, 196.607143, 196.037849 ] }, { "date": "2025-08-22", "close": 199.5, "volume": 61357, "typical_volume": 84245.3, "trend": 197.47, "fair_value": 185.487821, "relative_strength": -5.117775, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.917353, "energy": 51.824138, "activity_lines": [ 203.633333, 201.290909, 197.042857, 196.145161 ] }, { "date": "2025-08-29", "close": 201.0, "volume": 61997, "typical_volume": 64273.2, "trend": 196.92, "fair_value": 185.583974, "relative_strength": -2.243775, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.137583, "energy": 28.069712, "activity_lines": [ 202.466667, 201.718182, 197.614286, 196.372903 ] }, { "date": "2025-09-05", "close": 199.0, "volume": 57312, "typical_volume": 66905.85, "trend": 196.22, "fair_value": 185.516667, "relative_strength": -3.260713, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 38.552736, "energy": 20.703559, "activity_lines": [ 200.9, 201.527273, 197.914286, 196.507097 ] }, { "date": "2025-09-12", "close": 200.0, "volume": 26995, "typical_volume": 61816.5, "trend": 195.553333, "fair_value": 185.55, "relative_strength": -3.174296, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.421932, "energy": 19.336739, "activity_lines": [ 200.066667, 201.436364, 198.261905, 196.750968 ] }, { "date": "2025-09-19", "close": 199.5, "volume": 111186, "typical_volume": 66533.05, "trend": 195.336666, "fair_value": 185.826282, "relative_strength": -3.86637, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.969712, "energy": 17.346883, "activity_lines": [ 199.733333, 201.181818, 198.561905, 197.005591 ] }, { "date": "2025-09-26", "close": 196.0, "volume": 22643, "typical_volume": 64884.0, "trend": 194.936666, "fair_value": 185.973718, "relative_strength": -5.411295, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.059765, "energy": 15.635021, "activity_lines": [ 198.466667, 200.163636, 198.559524, 197.048387 ] }, { "date": "2025-10-03", "close": 193.5, "volume": 278910, "typical_volume": 72728.0, "trend": 195.18, "fair_value": 186.175641, "relative_strength": -9.239995, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.451568, "energy": 12.414108, "activity_lines": [ 196.6, 198.654545, 198.347619, 196.955699 ] }, { "date": "2025-10-10", "close": 197.5, "volume": 76481, "typical_volume": 72108.1, "trend": 195.45, "fair_value": 186.330128, "relative_strength": -6.391891, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.569728, "energy": 11.773119, "activity_lines": [ 196.566667, 198.081818, 198.5, 197.105376 ] }, { "date": "2025-10-17", "close": 200.0, "volume": 97746, "typical_volume": 75411.45, "trend": 195.883333, "fair_value": 186.501923, "relative_strength": -4.866872, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.273416, "energy": 11.478622, "activity_lines": [ 197.466667, 198.1, 198.830952, 197.398925 ] }, { "date": "2025-10-24", "close": 207.0, "volume": 76697, "typical_volume": 75129.85, "trend": 196.383333, "fair_value": 186.603205, "relative_strength": -4.517086, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.965386, "energy": 22.486938, "activity_lines": [ 200.7, 199.572727, 199.77619, 198.116129 ] }, { "date": "2025-10-31", "close": 197.0, "volume": 212692, "typical_volume": 79849.95, "trend": 196.35, "fair_value": 186.61218, "relative_strength": -8.266603, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.594273, "energy": 16.620678, "activity_lines": [ 200.1, 199.154545, 199.664286, 198.155914 ] }, { "date": "2025-11-07", "close": 192.0, "volume": 57177, "typical_volume": 74154.4, "trend": 196.616667, "fair_value": 186.532051, "relative_strength": -9.301722, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.13827, "energy": 3.855744, "activity_lines": [ 197.766667, 197.872727, 199.011905, 197.875269 ] }, { "date": "2025-11-14", "close": 186.0, "volume": 164666, "typical_volume": 80313.15, "trend": 196.516667, "fair_value": 186.473077, "relative_strength": -12.67079, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.626707, "energy": 31.838727, "activity_lines": [ 193.533333, 195.663636, 197.764286, 197.190323 ] }, { "date": "2025-11-21", "close": 187.0, "volume": 300909, "typical_volume": 93128.95, "trend": 196.083333, "fair_value": 186.367308, "relative_strength": -10.108338, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.81866, "energy": 44.588965, "activity_lines": [ 190.4, 193.872727, 196.652381, 196.576344 ] }, { "date": "2025-11-28", "close": 215.0, "volume": 697606, "typical_volume": 126567.2, "trend": 196.383333, "fair_value": 186.437821, "relative_strength": 0.213887, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 47.047042, "energy": 21.610647, "activity_lines": [ 197.466667, 197.409091, 198.25, 197.796774 ] }, { "date": "2025-12-05", "close": 212.0, "volume": 185644, "typical_volume": 134361.65, "trend": 196.716667, "fair_value": 186.536539, "relative_strength": -2.412698, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 57.801856, "energy": 39.583045, "activity_lines": [ 203.0, 200.118182, 199.454762, 198.804301 ] }, { "date": "2025-12-12", "close": 208.0, "volume": 50333, "typical_volume": 135265.4, "trend": 197.316667, "fair_value": 186.66218, "relative_strength": -3.912936, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 53.221423, "energy": 44.122535, "activity_lines": [ 206.2, 201.809091, 200.192857, 199.532258 ] }, { "date": "2025-12-19", "close": 195.0, "volume": 445018, "typical_volume": 153486.6, "trend": 197.65, "fair_value": 186.705769, "relative_strength": -10.222846, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.703211, "energy": 32.395937, "activity_lines": [ 204.0, 200.872727, 199.678571, 199.382796 ] }, { "date": "2025-12-26", "close": 198.5, "volume": 73683, "typical_volume": 154760.45, "trend": 197.966667, "fair_value": 186.748718, "relative_strength": -8.538874, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 40.638539, "energy": 31.220995, "activity_lines": [ 202.366667, 200.618182, 199.545238, 199.437634 ] }, { "date": "2026-01-02", "close": 195.0, "volume": 51669, "typical_volume": 155536.05, "trend": 198.3, "fair_value": 186.687821, "relative_strength": -10.771121, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.7602, "energy": 6.775259, "activity_lines": [ 198.8, 199.754545, 199.133333, 199.246237 ] }, { "date": "2026-01-09", "close": 202.0, "volume": 56753, "typical_volume": 155305.85, "trend": 198.916667, "fair_value": 186.594872, "relative_strength": -10.232397, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.756299, "energy": 7.752365, "activity_lines": [ 198.9, 200.381818, 199.42619, 199.484946 ] }, { "date": "2026-01-16", "close": 194.5, "volume": 52195, "typical_volume": 154815.75, "trend": 199.166667, "fair_value": 186.553205, "relative_strength": -15.061386, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.564636, "energy": 12.370787, "activity_lines": [ 197.166667, 199.554545, 198.992857, 199.2 ] }, { "date": "2026-01-23", "close": 192.5, "volume": 109810, "typical_volume": 157440.65, "trend": 199.1, "fair_value": 186.469872, "relative_strength": -14.899421, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.376687, "energy": 29.844241, "activity_lines": [ 195.666667, 198.318182, 198.4, 198.769892 ] }, { "date": "2026-01-30", "close": 196.0, "volume": 115500, "typical_volume": 161865.9, "trend": 199.1, "fair_value": 186.373718, "relative_strength": -13.352215, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.426203, "energy": 31.649077, "activity_lines": [ 195.5, 197.6, 198.171429, 198.569892 ] }, { "date": "2026-02-06", "close": 199.5, "volume": 246936, "typical_volume": 168653.4, "trend": 199.333333, "fair_value": 186.348077, "relative_strength": -14.028998, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.177472, "energy": 23.035835, "activity_lines": [ 196.666667, 197.354545, 198.295238, 198.595699 ] }, { "date": "2026-02-13", "close": 187.0, "volume": 178004, "typical_volume": 176421.45, "trend": 199.1, "fair_value": 186.264744, "relative_strength": -18.957065, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.750253, "energy": 38.758784, "activity_lines": [ 193.366667, 195.118182, 197.228571, 197.8 ] }, { "date": "2026-02-20", "close": 196.5, "volume": 36500, "typical_volume": 164300.95, "trend": 198.816667, "fair_value": 186.351282, "relative_strength": -16.16367, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.05365, "energy": 23.487136, "activity_lines": [ 194.233333, 195.063636, 197.109524, 197.632258 ] }, { "date": "2026-02-27", "close": 201.0, "volume": 33597, "typical_volume": 162156.75, "trend": 198.683333, "fair_value": 186.378205, "relative_strength": -15.059439, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.544986, "energy": 11.045828, "activity_lines": [ 196.466667, 196.036364, 197.404762, 197.773118 ] }, { "date": "2026-03-06", "close": 193.0, "volume": 40793, "typical_volume": 159309.1, "trend": 198.116667, "fair_value": 186.480769, "relative_strength": -13.389129, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.022127, "energy": 19.952976, "activity_lines": [ 195.466667, 195.445455, 196.921429, 197.406452 ] }, { "date": "2026-03-13", "close": 183.5, "volume": 52798, "typical_volume": 158114.15, "trend": 197.466667, "fair_value": 186.41218, "relative_strength": -16.897384, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.695939, "energy": 35.300255, "activity_lines": [ 191.5, 193.227273, 195.566667, 196.463441 ] }, { "date": "2026-03-20", "close": 180.0, "volume": 92151, "typical_volume": 152087.1, "trend": 196.816667, "fair_value": 186.509616, "relative_strength": -13.911837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.197443, "energy": 60.222533, "activity_lines": [ 187.433333, 190.581818, 193.990476, 195.336559 ] }, { "date": "2026-03-27", "close": 179.0, "volume": 227550, "typical_volume": 160605.75, "trend": 196.083333, "fair_value": 186.546795, "relative_strength": -14.072553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.15595, "energy": 70.264111, "activity_lines": [ 183.5, 188.154545, 192.4, 194.187097 ] }, { "date": "2026-04-03", "close": 188.5, "volume": 33416, "typical_volume": 154043.25, "trend": 195.733333, "fair_value": 186.530769, "relative_strength": -12.082546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.676151, "energy": 63.43105, "activity_lines": [ 183.9, 187.736364, 191.77619, 193.697849 ] }, { "date": "2026-04-10", "close": 190.0, "volume": 38403, "typical_volume": 140917.95, "trend": 195.4, "fair_value": 186.447436, "relative_strength": -15.047238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.784969, "energy": 48.265789, "activity_lines": [ 185.633333, 187.663636, 191.283333, 193.327957 ] }, { "date": "2026-04-17", "close": 199.600006, "volume": 69155, "typical_volume": 109495.4, "trend": 195.403334, "fair_value": 186.444872, "relative_strength": -12.370331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.685814, "energy": 12.338709, "activity_lines": [ 190.766669, 189.445456, 191.690477, 193.598925 ] }, { "date": "2026-04-24", "close": 188.600006, "volume": 31154, "typical_volume": 101770.9, "trend": 195.156667, "fair_value": 186.365385, "relative_strength": -14.539854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.102609, "energy": 18.798616, "activity_lines": [ 191.160004, 189.225457, 191.123334, 193.160001 ] }, { "date": "2026-05-01", "close": 186.800003, "volume": 43537, "typical_volume": 101431.1, "trend": 194.933334, "fair_value": 186.329487, "relative_strength": -13.705457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.496437, "energy": 19.211394, "activity_lines": [ 190.380004, 188.649093, 190.496192, 192.620861 ] }, { "date": "2026-05-08", "close": 179.600006, "volume": 160605, "typical_volume": 87210.45, "trend": 194.336667, "fair_value": 186.308975, "relative_strength": -16.844086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.250486, "energy": 26.842858, "activity_lines": [ 186.680005, 186.940003, 189.284288, 191.631614 ] }, { "date": "2026-05-15", "close": 175.800003, "volume": 24435, "typical_volume": 84748.05, "trend": 193.530001, "fair_value": 186.324359, "relative_strength": -17.224661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.496857, "energy": 57.588122, "activity_lines": [ 182.306671, 184.929094, 187.783812, 190.4357 ] }, { "date": "2026-05-22", "close": 185.0, "volume": 44977, "typical_volume": 84413.45, "trend": 192.796667, "fair_value": 186.392308, "relative_strength": -15.562861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.006956, "energy": 52.004404, "activity_lines": [ 181.946669, 184.903639, 187.267621, 189.885378 ] }, { "date": "2026-05-29", "close": 191.0, "volume": 51012, "typical_volume": 84126.4, "trend": 192.596667, "fair_value": 186.507693, "relative_strength": -12.24102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.364809, "energy": 36.293939, "activity_lines": [ 184.560002, 185.941821, 187.370478, 189.769464 ] }, { "date": "2026-06-05", "close": 174.0, "volume": 11186, "typical_volume": 82075.95, "trend": 191.996667, "fair_value": 186.571795, "relative_strength": -19.102253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.446712, "energy": 47.486004, "activity_lines": [ 181.346667, 183.689093, 185.906668, 188.569679 ] }, { "date": "2026-06-12", "close": 178.199997, "volume": 3459, "typical_volume": 76758.4, "trend": 191.736667, "fair_value": 186.621795, "relative_strength": -16.670899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.770538, "energy": 32.505582, "activity_lines": [ 180.386666, 182.29091, 184.940477, 187.679571 ] }, { "date": "2026-06-19", "close": 174.199997, "volume": 45733, "typical_volume": 73270.05, "trend": 191.310001, "fair_value": 186.683334, "relative_strength": -19.72312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.152214, "energy": 40.641493, "activity_lines": [ 178.186665, 180.352727, 183.661429, 186.548173 ] }, { "date": "2026-06-26", "close": 174.199997, "volume": 2739, "typical_volume": 61060.2, "trend": 189.95, "fair_value": 186.757693, "relative_strength": -18.571326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.008902, "energy": 60.919713, "activity_lines": [ 176.093331, 178.701817, 182.486191, 185.444302 ] }, { "date": "2026-07-03", "close": 179.399994, "volume": 4695, "typical_volume": 52394.75, "trend": 188.863334, "fair_value": 186.762821, "relative_strength": -18.026014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.724699, "energy": 49.928585, "activity_lines": [ 176.45333, 178.45818, 181.926667, 184.763656 ] }, { "date": "2026-07-10", "close": 175.199997, "volume": 758979, "typical_volume": 88518.7, "trend": 187.77, "fair_value": 186.775641, "relative_strength": -17.719217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.847446, "energy": 45.377288, "activity_lines": [ 176.186663, 177.618179, 181.003333, 183.88215 ] }, { "date": "2026-07-17", "close": 179.800003, "volume": 23490, "typical_volume": 88013.35, "trend": 187.263334, "fair_value": 186.828205, "relative_strength": -14.262783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.603838, "energy": 31.669242, "activity_lines": [ 177.373332, 177.825453, 180.619524, 183.367957 ] }, { "date": "2026-07-24", "close": 181.199997, "volume": 52556, "typical_volume": 88601.5, "trend": 186.686667, "fair_value": 186.830769, "relative_strength": -14.474258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.563197, "energy": 19.317163, "activity_lines": [ 178.919998, 178.283634, 180.469999, 182.976774 ] }, { "date": "2026-07-31", "close": 182.399994, "volume": 33633, "typical_volume": 87643.25, "trend": 186.266667, "fair_value": 186.869231, "relative_strength": -14.548123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.152298, "energy": 16.051822, "activity_lines": [ 180.399997, 178.861815, 180.490951, 182.700215 ] }, { "date": "2026-08-07", "close": 180.399994, "volume": 64149, "typical_volume": 86243.15, "trend": 185.546666, "fair_value": 186.903846, "relative_strength": -16.514114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.725583, "energy": 16.993071, "activity_lines": [ 180.666663, 179.123633, 180.326665, 182.32172 ] } ], "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." } } }