{ "ticker": { "uuid": "1e95f11d-5d3d-4fe2-a797-c673abb3c74a", "symbol": "GOTL-A", "name": "Rederiaktiebolaget Gotland (publ)", "exchange": "STO", "country": "SE", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 94.434, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 35.02, "architecture_energy": 18.497, "architecture_maturity": 16.617, "architecture_confidence": 48.705, "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": 53.81, "rotation_up": 36.62, "upward_expansion": 64.36, "deceleration": 60.91, "rotation_down": 19.86, "downward_expansion": 7.69 }, "activity_lines": [ 271.266667, 271.445455, 269.330952, 265.267742 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 268.0, "trend_reference": 261.1, "distance_from_trend": 0.026427, "trend_direction": "Weakening", "fair_value": 229.589837, "distance_from_fair_value": 0.167299, "fair_value_direction": "Weakening", "relative_strength": -10.082284, "relative_strength_direction": "Weakening", "price_momentum": 0.072, "excess_performance": 0.010506, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.026427, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.001657, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.167299, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.016198, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.100823, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.012825, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.072, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.332801, "read": "Demand-led" } ], "volume": { "latest": 392, "relative_activity": 0.323593, "balance": 2.332801, "dry_up": 0.503756, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.074325, "annualized_volatility": 0.269338, "from_high_reference": -0.135344, "from_low_reference": 0.185841 }, "levels": { "trend_reference": 261.1, "fair_value_reference": 229.589837, "structural_low": 226.0, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": -0.003704, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.014356, "regime_survival": 0.785714, "best_return": 0.162653, "worst_return": -0.051852, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.036697, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.04852, "regime_survival": 0.6, "best_return": 0.154041, "worst_return": -0.085106, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.036697, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.034644, "regime_survival": 0.333333, "best_return": 0.214326, "worst_return": -0.078014, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.124938, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.011906, "regime_survival": 0.5, "best_return": 0.257229, "worst_return": -0.007353, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-11-01", "tenure": "Developing", "return": -0.066667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": -0.036036, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-29", "end": "2024-12-27", "tenure": "Developing", "return": -0.027778, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-04-18", "tenure": "Established", "return": 0.009524, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-09-12", "tenure": "Established", "return": 0.128204, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-10-10", "tenure": "New", "return": 0.023077, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-12-26", "tenure": "Developing", "return": -0.015152, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-02-06", "tenure": "Developing", "return": -0.06015, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-13", "end": "2026-05-01", "tenure": "Developing", "return": 0.046512, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": -0.015152, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-07-17", "tenure": "Developing", "return": 0.063462, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.014706, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 189.726654, "volume": 50, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 185.774017, "volume": 410, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 192.691132, "volume": 1060, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 185.774017, "volume": 520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 191.702972, "volume": 120, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 187.750336, "volume": 80, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 188.738495, "volume": 190, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 188.738495, "volume": 1440, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 178.856903, "volume": 1070, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 182.80954, "volume": 10, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 176.880585, "volume": 520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 177.868744, "volume": 570, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 179.845062, "volume": 80, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 183.797699, "volume": 1250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 182.80954, "volume": 530, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 177.868744, "volume": 50, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 176.880585, "volume": 1180, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 186.762177, "volume": 560, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 184.785858, "volume": 240, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 187.750336, "volume": 250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 190.714828, "volume": 1200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 187.750336, "volume": 120, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 178.856903, "volume": 1520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 182.80954, "volume": 90, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 178.856903, "volume": 2060, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 182.80954, "volume": 470, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 187.750336, "volume": 1060, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 184.785858, "volume": 160, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 180.833206, "volume": 740, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 188.738495, "volume": 610, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 205.537201, "volume": 900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 221.347763, "volume": 6020, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 211.466171, "volume": 2030, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 197.631943, "volume": 330, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 203.560898, "volume": 70, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 201.584579, "volume": 330, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 195.655609, "volume": 1550, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 192.691132, "volume": 750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 197.631943, "volume": 560, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 215.418808, "volume": 350, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 213.44249, "volume": 340, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 207.513535, "volume": 810, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 207.513535, "volume": 1230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 216.34874, "volume": 2340, "typical_volume": 1135.5, "trend": 194.270251, "fair_value": 195.401973, "relative_strength": 2.744435, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.005541, "energy": 48.157078, "activity_lines": [ 211.776149, 207.826344, 204.364698, 199.933884 ] }, { "date": "2024-06-21", "close": 216.34874, "volume": 180, "typical_volume": 1041.5, "trend": 195.388224, "fair_value": 195.660575, "relative_strength": 2.235798, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.960215, "energy": 47.383322, "activity_lines": [ 213.209922, 209.865001, 205.964012, 201.358303 ] }, { "date": "2024-06-28", "close": 226.27298, "volume": 1260, "typical_volume": 1081.0, "trend": 197.001699, "fair_value": 196.033897, "relative_strength": 7.235609, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.995779, "energy": 61.292866, "activity_lines": [ 217.889779, 213.475559, 208.32996, 203.350868 ] }, { "date": "2024-07-05", "close": 228.257843, "volume": 250, "typical_volume": 1040.5, "trend": 198.714274, "fair_value": 196.422138, "relative_strength": 8.633969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.981804, "energy": 71.51507, "activity_lines": [ 222.375891, 216.998121, 210.677974, 205.367393 ] }, { "date": "2024-07-12", "close": 222.303284, "volume": 510, "typical_volume": 1058.0, "trend": 199.898978, "fair_value": 196.730246, "relative_strength": 2.849676, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.7132, "energy": 63.482739, "activity_lines": [ 223.494197, 218.845268, 212.265994, 206.889265 ] }, { "date": "2024-07-19", "close": 222.303284, "volume": 470, "typical_volume": 1044.5, "trend": 201.149559, "fair_value": 197.031106, "relative_strength": 5.25018, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.031705, "energy": 55.789454, "activity_lines": [ 223.626519, 220.154012, 213.67536, 208.334704 ] }, { "date": "2024-07-26", "close": 218.333588, "volume": 570, "typical_volume": 1042.5, "trend": 202.169, "fair_value": 197.278809, "relative_strength": 3.086344, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.679586, "energy": 39.75568, "activity_lines": [ 222.03864, 220.292424, 214.509183, 209.443351 ] }, { "date": "2024-08-02", "close": 222.303284, "volume": 320, "typical_volume": 1013.5, "trend": 203.221949, "fair_value": 197.566447, "relative_strength": 9.65201, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.099374, "energy": 33.687194, "activity_lines": [ 221.641669, 221.099602, 215.580143, 210.742337 ] }, { "date": "2024-08-09", "close": 218.333588, "volume": 370, "typical_volume": 731.0, "trend": 204.241391, "fair_value": 197.802437, "relative_strength": 8.039461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.563551, "energy": 24.142174, "activity_lines": [ 220.186113, 221.023913, 216.193198, 211.717281 ] }, { "date": "2024-08-16", "close": 220.318436, "volume": 4310, "typical_volume": 845.0, "trend": 205.623442, "fair_value": 198.055426, "relative_strength": 5.851074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.506837, "energy": 20.909188, "activity_lines": [ 220.05379, 221.112376, 217.00964, 212.75451 ] }, { "date": "2024-08-23", "close": 232.227539, "volume": 120, "typical_volume": 834.5, "trend": 207.270708, "fair_value": 198.435116, "relative_strength": 10.321131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.386434, "energy": 35.699942, "activity_lines": [ 224.023491, 223.133315, 218.918128, 214.470904 ] }, { "date": "2024-08-30", "close": 238.182098, "volume": 110, "typical_volume": 836.5, "trend": 209.248215, "fair_value": 198.871896, "relative_strength": 11.456561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.0147, "energy": 47.799528, "activity_lines": [ 229.316428, 225.948195, 221.228976, 216.465187 ] }, { "date": "2024-09-06", "close": 230.242691, "volume": 2070, "typical_volume": 923.5, "trend": 210.82932, "fair_value": 199.212883, "relative_strength": 12.538462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.648415, "energy": 49.495338, "activity_lines": [ 230.639662, 226.922577, 222.618828, 217.819669 ] }, { "date": "2024-09-13", "close": 224.288132, "volume": 130, "typical_volume": 852.5, "trend": 212.047246, "fair_value": 199.482509, "relative_strength": 7.672049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.639567, "energy": 47.90447, "activity_lines": [ 229.448749, 226.742135, 223.305111, 218.687979 ] }, { "date": "2024-09-20", "close": 230.242691, "volume": 340, "typical_volume": 832.0, "trend": 213.562474, "fair_value": 199.809745, "relative_strength": 8.152452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.594299, "energy": 41.987776, "activity_lines": [ 229.845719, 227.716516, 224.42215, 219.861879 ] }, { "date": "2024-09-27", "close": 234.212387, "volume": 100, "typical_volume": 809.0, "trend": 215.34178, "fair_value": 200.171878, "relative_strength": 7.474345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.609725, "energy": 36.925556, "activity_lines": [ 230.904305, 229.268308, 225.738438, 221.194132 ] }, { "date": "2024-10-04", "close": 230.242691, "volume": 2010, "typical_volume": 892.0, "trend": 216.725253, "fair_value": 200.485116, "relative_strength": 7.079236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.878209, "energy": 30.445168, "activity_lines": [ 230.507335, 229.881807, 226.502467, 222.155481 ] }, { "date": "2024-10-11", "close": 234.212387, "volume": 560, "typical_volume": 903.0, "trend": 217.681093, "fair_value": 200.83282, "relative_strength": 9.335929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.870619, "energy": 35.497529, "activity_lines": [ 231.962892, 231.000541, 227.573973, 223.283683 ] }, { "date": "2024-10-18", "close": 234.212387, "volume": 90, "typical_volume": 867.0, "trend": 218.109914, "fair_value": 201.173427, "relative_strength": 9.04269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.854533, "energy": 35.303199, "activity_lines": [ 233.153801, 231.902745, 228.546574, 224.350218 ] }, { "date": "2024-10-25", "close": 220.318436, "volume": 310, "typical_volume": 821.0, "trend": 218.404989, "fair_value": 201.366811, "relative_strength": 2.685179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.983, "energy": 16.542151, "activity_lines": [ 229.051777, 229.990071, 228.068805, 224.492703 ] }, { "date": "2024-11-01", "close": 222.303284, "volume": 50, "typical_volume": 706.5, "trend": 219.227367, "fair_value": 201.576176, "relative_strength": 4.95037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.858751, "energy": 12.288138, "activity_lines": [ 226.272986, 228.438278, 227.719093, 224.744206 ] }, { "date": "2024-11-08", "close": 220.318436, "volume": 300, "typical_volume": 712.5, "trend": 219.785952, "fair_value": 201.761743, "relative_strength": 3.925312, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.969443, "energy": 11.32227, "activity_lines": [ 223.626519, 226.706045, 227.151992, 224.814598 ] }, { "date": "2024-11-15", "close": 222.303284, "volume": 440, "typical_volume": 671.5, "trend": 220.476575, "fair_value": 201.963131, "relative_strength": 6.774851, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.262549, "energy": 16.752224, "activity_lines": [ 222.303285, 225.659487, 226.755022, 224.977006 ] }, { "date": "2024-11-22", "close": 212.379028, "volume": 940, "typical_volume": 706.0, "trend": 221.034023, "fair_value": 202.064256, "relative_strength": 1.782955, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.638523, "energy": 33.355474, "activity_lines": [ 218.465906, 222.952872, 225.431788, 224.454584 ] }, { "date": "2024-11-29", "close": 214.363876, "volume": 880, "typical_volume": 724.5, "trend": 221.756447, "fair_value": 202.182521, "relative_strength": 2.596365, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.007248, "energy": 39.772837, "activity_lines": [ 216.7457, 220.823667, 224.3732, 224.024252 ] }, { "date": "2024-12-06", "close": 218.333588, "volume": 370, "typical_volume": 719.5, "trend": 222.446502, "fair_value": 202.336341, "relative_strength": 0.318866, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.885182, "energy": 39.325754, "activity_lines": [ 216.745702, 219.704934, 223.730487, 223.803422 ] }, { "date": "2024-12-13", "close": 208.409332, "volume": 6540, "typical_volume": 1018.0, "trend": 222.212853, "fair_value": 202.393633, "relative_strength": -2.144898, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.52953, "energy": 50.616551, "activity_lines": [ 213.702265, 217.070496, 222.16151, 222.897798 ] }, { "date": "2024-12-20", "close": 210.39418, "volume": 850, "typical_volume": 1044.5, "trend": 222.111243, "fair_value": 202.468405, "relative_strength": 1.876846, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.777857, "energy": 42.248071, "activity_lines": [ 212.114385, 215.19391, 220.828824, 222.135303 ] }, { "date": "2024-12-27", "close": 208.409332, "volume": 380, "typical_volume": 1045.0, "trend": 222.141103, "fair_value": 202.523414, "relative_strength": 0.161271, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.87081, "energy": 51.255994, "activity_lines": [ 210.658829, 213.389501, 219.363816, 221.251309 ] }, { "date": "2025-01-03", "close": 208.409332, "volume": 2080, "typical_volume": 933.5, "trend": 222.170963, "fair_value": 202.577413, "relative_strength": -0.717603, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.151471, "energy": 53.255225, "activity_lines": [ 209.467919, 212.054238, 217.946065, 220.365388 ] }, { "date": "2025-01-10", "close": 216.34874, "volume": 2900, "typical_volume": 1072.5, "trend": 222.170963, "fair_value": 202.702607, "relative_strength": 2.419675, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.842686, "energy": 33.38751, "activity_lines": [ 211.320448, 212.379033, 217.341159, 219.989761 ] }, { "date": "2025-01-17", "close": 216.34874, "volume": 640, "typical_volume": 1099.0, "trend": 222.170963, "fair_value": 202.825545, "relative_strength": -1.355384, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.106845, "energy": 23.487265, "activity_lines": [ 213.3053, 212.812093, 216.811866, 219.614134 ] }, { "date": "2025-01-24", "close": 216.34874, "volume": 1280, "typical_volume": 1059.5, "trend": 221.840155, "fair_value": 202.946288, "relative_strength": -3.375215, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.306025, "energy": 17.297775, "activity_lines": [ 214.760858, 213.317329, 216.386542, 219.238506 ] }, { "date": "2025-01-31", "close": 218.333588, "volume": 330, "typical_volume": 1069.5, "trend": 221.509346, "fair_value": 203.082458, "relative_strength": -2.657214, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.995638, "energy": 17.566551, "activity_lines": [ 216.481062, 214.29171, 216.216412, 219.012276 ] }, { "date": "2025-02-07", "close": 208.409332, "volume": 970, "typical_volume": 1101.0, "trend": 221.046214, "fair_value": 203.129185, "relative_strength": -6.025103, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.903629, "energy": 17.847162, "activity_lines": [ 214.231563, 213.353417, 215.12947, 218.167114 ] }, { "date": "2025-02-14", "close": 210.39418, "volume": 1330, "typical_volume": 1162.5, "trend": 220.649244, "fair_value": 203.192359, "relative_strength": -7.816149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.237963, "energy": 22.991753, "activity_lines": [ 212.643681, 212.88427, 214.335529, 217.479886 ] }, { "date": "2025-02-21", "close": 212.379028, "volume": 440, "typical_volume": 1084.0, "trend": 220.450759, "fair_value": 203.271555, "relative_strength": -7.239094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.636535, "energy": 23.29331, "activity_lines": [ 212.114385, 212.920357, 213.844042, 216.946324 ] }, { "date": "2025-02-28", "close": 210.39418, "volume": 700, "typical_volume": 1091.0, "trend": 220.053789, "fair_value": 203.332432, "relative_strength": -8.199678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.641433, "energy": 28.305279, "activity_lines": [ 211.18812, 212.523386, 213.248587, 216.297512 ] }, { "date": "2025-03-07", "close": 204.439636, "volume": 1810, "typical_volume": 1177.0, "trend": 219.590657, "fair_value": 203.341815, "relative_strength": -10.925639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.118061, "energy": 37.116655, "activity_lines": [ 208.673978, 211.043771, 212.199452, 215.290148 ] }, { "date": "2025-03-14", "close": 208.409332, "volume": 570, "typical_volume": 1190.0, "trend": 219.193687, "fair_value": 203.384399, "relative_strength": -7.538264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.874638, "energy": 34.207638, "activity_lines": [ 208.409332, 210.358095, 211.670158, 214.568772 ] }, { "date": "2025-03-21", "close": 208.409332, "volume": 570, "typical_volume": 1216.0, "trend": 218.399747, "fair_value": 203.426274, "relative_strength": -5.499135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.752234, "energy": 33.011751, "activity_lines": [ 208.144686, 209.672419, 211.197575, 213.873007 ] }, { "date": "2025-03-28", "close": 212.379028, "volume": 1400, "typical_volume": 1271.0, "trend": 217.539644, "fair_value": 203.500263, "relative_strength": -0.405621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.283636, "energy": 24.477245, "activity_lines": [ 209.335594, 209.852859, 211.169219, 213.484573 ] }, { "date": "2025-04-04", "close": 206.424484, "volume": 1240, "typical_volume": 1311.0, "trend": 216.745704, "fair_value": 203.524232, "relative_strength": 7.33316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.638155, "energy": 24.930203, "activity_lines": [ 208.541655, 209.022831, 210.611571, 212.767466 ] }, { "date": "2025-04-11", "close": 208.409332, "volume": 700, "typical_volume": 1299.0, "trend": 216.216411, "fair_value": 203.563949, "relative_strength": 8.567945, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.245893, "energy": 21.01836, "activity_lines": [ 208.673978, 208.734125, 210.318569, 212.229636 ] }, { "date": "2025-04-18", "close": 210.39418, "volume": 630, "typical_volume": 1286.5, "trend": 215.554794, "fair_value": 203.619031, "relative_strength": 5.762463, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.976254, "energy": 14.902202, "activity_lines": [ 209.203271, 208.986742, 210.233504, 211.854008 ] }, { "date": "2025-04-25", "close": 228.257843, "volume": 930, "typical_volume": 1314.5, "trend": 215.356309, "fair_value": 203.816142, "relative_strength": 10.923733, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.460082, "energy": 15.067663, "activity_lines": [ 215.554795, 212.45121, 211.868643, 212.67356 ] }, { "date": "2025-05-02", "close": 228.257843, "volume": 400, "typical_volume": 1007.5, "trend": 215.290147, "fair_value": 204.010123, "relative_strength": 8.905741, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.258851, "energy": 29.617, "activity_lines": [ 220.583085, 215.590884, 213.456524, 213.505917 ] }, { "date": "2025-05-09", "close": 236.197235, "volume": 1430, "typical_volume": 1036.5, "trend": 215.356309, "fair_value": 204.263565, "relative_strength": 12.776948, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.488883, "energy": 56.209396, "activity_lines": [ 227.199251, 219.885377, 215.706021, 214.854761 ] }, { "date": "2025-05-16", "close": 236.197235, "volume": 340, "typical_volume": 1034.5, "trend": 215.422471, "fair_value": 204.513047, "relative_strength": 8.317473, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.12492, "energy": 71.758915, "activity_lines": [ 231.830567, 223.710725, 217.832646, 216.199337 ] }, { "date": "2025-05-23", "close": 232.227539, "volume": 2580, "typical_volume": 1059.5, "trend": 215.819441, "fair_value": 204.727888, "relative_strength": 8.964995, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.811798, "energy": 68.115993, "activity_lines": [ 233.286125, 226.236898, 219.448882, 217.283535 ] }, { "date": "2025-05-30", "close": 236.197235, "volume": 1840, "typical_volume": 1006.5, "trend": 216.282572, "fair_value": 204.96996, "relative_strength": 9.729081, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.769245, "energy": 67.30789, "activity_lines": [ 234.609357, 229.051777, 221.329763, 218.598231 ] }, { "date": "2025-06-06", "close": 260.015442, "volume": 840, "typical_volume": 1016.5, "trend": 217.605806, "fair_value": 205.390154, "relative_strength": 18.936881, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.790375, "energy": 77.092015, "activity_lines": [ 243.342698, 235.692003, 225.384529, 221.419707 ] }, { "date": "2025-06-13", "close": 272.0, "volume": 1870, "typical_volume": 1046.0, "trend": 219.262363, "fair_value": 205.894774, "relative_strength": 26.815135, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.15676, "energy": 85.093501, "activity_lines": [ 253.953719, 243.645124, 230.372744, 224.92901 ] }, { "date": "2025-06-20", "close": 270.0, "volume": 560, "typical_volume": 1057.5, "trend": 221.183062, "fair_value": 206.376769, "relative_strength": 25.795274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.851108, "energy": 87.489573, "activity_lines": [ 261.511222, 250.042326, 234.905478, 228.202405 ] }, { "date": "2025-06-27", "close": 262.0, "volume": 810, "typical_volume": 1049.5, "trend": 222.770933, "fair_value": 206.791867, "relative_strength": 18.763714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.75839, "energy": 83.295255, "activity_lines": [ 264.148541, 253.865152, 238.430276, 230.835756 ] }, { "date": "2025-07-04", "close": 252.0, "volume": 2800, "typical_volume": 1123.0, "trend": 223.893147, "fair_value": 207.126742, "relative_strength": 13.668103, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.089579, "energy": 68.391159, "activity_lines": [ 261.467696, 254.931509, 240.747499, 232.721503 ] }, { "date": "2025-07-11", "close": 264.0, "volume": 2170, "typical_volume": 1209.5, "trend": 225.746169, "fair_value": 207.544928, "relative_strength": 17.068782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.884928, "energy": 57.186279, "activity_lines": [ 261.733333, 257.748009, 244.009457, 235.309042 ] }, { "date": "2025-07-18", "close": 256.0, "volume": 1290, "typical_volume": 1239.0, "trend": 227.266363, "fair_value": 207.898615, "relative_strength": 13.102952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.435822, "energy": 45.464005, "activity_lines": [ 259.066667, 258.460105, 246.263696, 237.260902 ] }, { "date": "2025-07-25", "close": 268.0, "volume": 400, "typical_volume": 1168.5, "trend": 229.252719, "fair_value": 208.334132, "relative_strength": 15.243274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.66103, "energy": 48.845998, "activity_lines": [ 261.466667, 260.99397, 249.443621, 239.888878 ] }, { "date": "2025-08-01", "close": 266.0, "volume": 580, "typical_volume": 1169.0, "trend": 231.172407, "fair_value": 208.748994, "relative_strength": 17.290645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.948773, "energy": 49.881308, "activity_lines": [ 263.333333, 262.585966, 252.130401, 242.259671 ] }, { "date": "2025-08-08", "close": 264.0, "volume": 450, "typical_volume": 1163.0, "trend": 232.760783, "fair_value": 209.143644, "relative_strength": 12.999232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.764758, "energy": 46.929082, "activity_lines": [ 264.266667, 263.200281, 254.352465, 244.37758 ] }, { "date": "2025-08-15", "close": 268.0, "volume": 620, "typical_volume": 1124.0, "trend": 234.482491, "fair_value": 209.561065, "relative_strength": 12.722303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.674943, "energy": 50.446987, "activity_lines": [ 265.733333, 264.036364, 256.690763, 246.651078 ] }, { "date": "2025-08-22", "close": 268.0, "volume": 230, "typical_volume": 1073.5, "trend": 236.2042, "fair_value": 209.972607, "relative_strength": 10.47286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.946818, "energy": 48.445186, "activity_lines": [ 266.933333, 264.727273, 258.764199, 248.813498 ] }, { "date": "2025-08-29", "close": 268.0, "volume": 950, "typical_volume": 1086.0, "trend": 237.859747, "fair_value": 210.378393, "relative_strength": 12.902531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.325155, "energy": 45.865176, "activity_lines": [ 267.333333, 265.490909, 260.544419, 250.864839 ] }, { "date": "2025-09-05", "close": 260.0, "volume": 510, "typical_volume": 1080.0, "trend": 239.579436, "fair_value": 210.722988, "relative_strength": 9.348879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.177227, "energy": 41.529484, "activity_lines": [ 265.066667, 264.836364, 261.278968, 252.293243 ] }, { "date": "2025-09-12", "close": 262.0, "volume": 3850, "typical_volume": 1226.0, "trend": 241.29963, "fair_value": 211.076622, "relative_strength": 9.580377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.926983, "energy": 32.275522, "activity_lines": [ 263.866667, 264.581818, 261.967776, 253.739731 ] }, { "date": "2025-09-19", "close": 260.0, "volume": 700, "typical_volume": 1241.0, "trend": 242.886996, "fair_value": 211.411714, "relative_strength": 8.083376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.224745, "energy": 24.024919, "activity_lines": [ 262.133333, 263.781818, 262.305431, 254.946206 ] }, { "date": "2025-09-26", "close": 268.0, "volume": 1730, "typical_volume": 1256.0, "trend": 244.80719, "fair_value": 211.796668, "relative_strength": 11.187545, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.448234, "energy": 26.40148, "activity_lines": [ 263.6, 264.509091, 263.253837, 256.5664 ] }, { "date": "2025-10-03", "close": 266.0, "volume": 2030, "typical_volume": 1340.5, "trend": 246.859202, "fair_value": 212.162907, "relative_strength": 6.74297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.295776, "energy": 28.236527, "activity_lines": [ 264.4, 264.654545, 263.860325, 257.933678 ] }, { "date": "2025-10-10", "close": 266.0, "volume": 180, "typical_volume": 1220.5, "trend": 248.778891, "fair_value": 212.52423, "relative_strength": 7.413624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.193229, "energy": 34.217231, "activity_lines": [ 265.333333, 264.836364, 264.324896, 259.168568 ] }, { "date": "2025-10-17", "close": 264.0, "volume": 610, "typical_volume": 1159.0, "trend": 250.631913, "fair_value": 212.867401, "relative_strength": 6.679687, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.931032, "energy": 34.205848, "activity_lines": [ 265.2, 264.654545, 264.438169, 260.150575 ] }, { "date": "2025-10-24", "close": 274.0, "volume": 1230, "typical_volume": 1178.5, "trend": 252.685946, "fair_value": 213.272253, "relative_strength": 7.02472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.966314, "energy": 49.487087, "activity_lines": [ 268.266667, 266.290909, 265.371429, 261.658194 ] }, { "date": "2025-10-31", "close": 266.0, "volume": 770, "typical_volume": 1123.5, "trend": 254.671796, "fair_value": 213.619146, "relative_strength": 4.442994, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.452495, "energy": 35.873141, "activity_lines": [ 267.733333, 266.363636, 265.47619, 262.517165 ] }, { "date": "2025-11-07", "close": 278.0, "volume": 700, "typical_volume": 1130.5, "trend": 256.991485, "fair_value": 214.039936, "relative_strength": 10.151707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.927588, "energy": 54.810148, "activity_lines": [ 271.333333, 268.654545, 266.752381, 264.022211 ] }, { "date": "2025-11-14", "close": 276.0, "volume": 1010, "typical_volume": 1140.5, "trend": 259.178346, "fair_value": 214.442274, "relative_strength": 8.147066, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.189523, "energy": 60.60287, "activity_lines": [ 273.466667, 270.4, 267.8, 265.248566 ] }, { "date": "2025-11-21", "close": 282.0, "volume": 1070, "typical_volume": 1054.0, "trend": 260.969751, "fair_value": 214.87813, "relative_strength": 12.396015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.949838, "energy": 62.534495, "activity_lines": [ 276.933333, 272.945455, 269.352381, 266.720931 ] }, { "date": "2025-11-28", "close": 284.0, "volume": 110, "typical_volume": 951.0, "trend": 262.827823, "fair_value": 215.321219, "relative_strength": 9.22784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.177644, "energy": 73.897849, "activity_lines": [ 279.866667, 275.490909, 270.952381, 268.206754 ] }, { "date": "2025-12-05", "close": 272.0, "volume": 1290, "typical_volume": 951.0, "trend": 264.021248, "fair_value": 215.488239, "relative_strength": 2.905024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.185034, "energy": 43.331168, "activity_lines": [ 278.133333, 275.418182, 271.314286, 268.798507 ] }, { "date": "2025-12-12", "close": 270.0, "volume": 1070, "typical_volume": 984.5, "trend": 265.148007, "fair_value": 215.894689, "relative_strength": 2.053825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.186991, "energy": 34.793439, "activity_lines": [ 275.333333, 274.909091, 271.409524, 269.184233 ] }, { "date": "2025-12-19", "close": 270.0, "volume": 860, "typical_volume": 998.5, "trend": 266.407089, "fair_value": 216.238077, "relative_strength": 1.118602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.457889, "energy": 19.304166, "activity_lines": [ 273.066667, 274.327273, 271.495238, 269.497265 ] }, { "date": "2025-12-26", "close": 260.0, "volume": 100, "typical_volume": 981.0, "trend": 267.200515, "fair_value": 216.457452, "relative_strength": -3.043893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.353685, "energy": 16.449212, "activity_lines": [ 267.866667, 271.854545, 270.609524, 269.083904 ] }, { "date": "2026-01-02", "close": 266.0, "volume": 5090, "typical_volume": 1204.5, "trend": 267.4, "fair_value": 216.746821, "relative_strength": -2.098371, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.790142, "energy": 16.200571, "activity_lines": [ 266.133333, 270.545455, 270.314286, 269.006452 ] }, { "date": "2026-01-09", "close": 268.0, "volume": 880, "typical_volume": 1237.0, "trend": 267.266667, "fair_value": 217.09946, "relative_strength": -4.544823, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.325887, "energy": 17.177596, "activity_lines": [ 266.266667, 269.745455, 270.219048, 269.045161 ] }, { "date": "2026-01-16", "close": 264.0, "volume": 860, "typical_volume": 1232.5, "trend": 267.066667, "fair_value": 217.467448, "relative_strength": -8.043756, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.139202, "energy": 19.835049, "activity_lines": [ 265.333333, 268.181818, 269.742857, 268.834409 ] }, { "date": "2026-01-23", "close": 264.0, "volume": 180, "typical_volume": 1216.0, "trend": 267.133333, "fair_value": 217.803906, "relative_strength": -7.390632, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.679117, "energy": 17.526955, "activity_lines": [ 264.8, 266.872727, 269.285714, 268.636559 ] }, { "date": "2026-01-30", "close": 250.0, "volume": 900, "typical_volume": 1068.5, "trend": 267.066667, "fair_value": 218.069539, "relative_strength": -12.691697, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -48.5165, "energy": 44.567742, "activity_lines": [ 260.0, 263.236364, 267.47619, 267.531183 ] }, { "date": "2026-02-06", "close": 250.0, "volume": 1310, "typical_volume": 1099.0, "trend": 266.6, "fair_value": 218.309946, "relative_strength": -15.338475, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -72.697688, "energy": 66.72627, "activity_lines": [ 255.866667, 260.181818, 265.72381, 266.430108 ] }, { "date": "2026-02-13", "close": 258.0, "volume": 1590, "typical_volume": 1092.0, "trend": 266.666667, "fair_value": 218.589023, "relative_strength": -12.703335, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.365227, "energy": 58.618589, "activity_lines": [ 255.466667, 259.2, 264.780952, 265.875269 ] }, { "date": "2026-02-20", "close": 258.0, "volume": 490, "typical_volume": 1015.0, "trend": 266.333333, "fair_value": 218.893326, "relative_strength": -14.424344, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.145681, "energy": 56.71548, "activity_lines": [ 255.733333, 258.472727, 263.885714, 265.316129 ] }, { "date": "2026-02-27", "close": 242.0, "volume": 960, "typical_volume": 1054.0, "trend": 265.533333, "fair_value": 219.120289, "relative_strength": -20.750491, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.02624, "energy": 64.647378, "activity_lines": [ 251.066667, 255.054545, 261.504762, 263.746237 ] }, { "date": "2026-03-06", "close": 256.0, "volume": 210, "typical_volume": 1034.0, "trend": 265.266667, "fair_value": 219.436996, "relative_strength": -11.251977, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.60796, "energy": 38.724715, "activity_lines": [ 252.533333, 254.690909, 260.571429, 263.131183 ] }, { "date": "2026-03-13", "close": 242.0, "volume": 1110, "typical_volume": 1028.0, "trend": 264.4, "fair_value": 219.727021, "relative_strength": -15.596522, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.559257, "energy": 48.929318, "activity_lines": [ 248.933333, 251.854545, 258.342857, 261.630108 ] }, { "date": "2026-03-20", "close": 234.0, "volume": 370, "typical_volume": 1008.0, "trend": 263.266667, "fair_value": 219.978378, "relative_strength": -14.040649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.818281, "energy": 70.406674, "activity_lines": [ 243.2, 248.0, 255.504762, 259.668817 ] }, { "date": "2026-03-27", "close": 240.0, "volume": 180, "typical_volume": 982.0, "trend": 262.333333, "fair_value": 220.337565, "relative_strength": -11.81777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.287847, "energy": 61.771888, "activity_lines": [ 241.066667, 245.854545, 253.390476, 258.167742 ] }, { "date": "2026-04-03", "close": 236.0, "volume": 140, "typical_volume": 938.5, "trend": 261.533333, "fair_value": 220.608048, "relative_strength": -16.081825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.228672, "energy": 70.859292, "activity_lines": [ 238.8, 243.418182, 251.07619, 256.468817 ] }, { "date": "2026-04-10", "close": 270.0, "volume": 1100, "typical_volume": 940.0, "trend": 261.8, "fair_value": 221.109093, "relative_strength": -8.356873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.713729, "energy": 21.622801, "activity_lines": [ 248.266667, 247.672727, 252.190476, 257.015054 ] }, { "date": "2026-04-17", "close": 270.0, "volume": 1070, "typical_volume": 988.0, "trend": 262.133333, "fair_value": 221.603831, "relative_strength": -10.355732, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.059264, "energy": 13.435757, "activity_lines": [ 256.8, 251.563636, 253.361905, 257.544086 ] }, { "date": "2026-04-24", "close": 262.0, "volume": 1440, "typical_volume": 995.5, "trend": 261.933333, "fair_value": 222.104044, "relative_strength": -10.564551, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.384621, "energy": 21.211416, "activity_lines": [ 260.8, 253.636364, 253.838095, 257.535484 ] }, { "date": "2026-05-01", "close": 270.0, "volume": 700, "typical_volume": 977.0, "trend": 262.066667, "fair_value": 222.58617, "relative_strength": -6.526257, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 21.811617, "energy": 29.96201, "activity_lines": [ 265.6, 257.090909, 255.12381, 258.055914 ] }, { "date": "2026-05-08", "close": 264.0, "volume": 2790, "typical_volume": 1073.5, "trend": 262.0, "fair_value": 223.067672, "relative_strength": -8.79977, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.563255, "energy": 25.249829, "activity_lines": [ 266.4, 259.236364, 255.838095, 258.180645 ] }, { "date": "2026-05-15", "close": 260.0, "volume": 1260, "typical_volume": 1131.5, "trend": 261.866667, "fair_value": 223.517226, "relative_strength": -8.945548, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.673204, "energy": 21.675433, "activity_lines": [ 264.0, 260.254545, 256.2, 258.051613 ] }, { "date": "2026-05-22", "close": 260.0, "volume": 480, "typical_volume": 901.0, "trend": 261.4, "fair_value": 224.017231, "relative_strength": -11.921755, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.276592, "energy": 12.377938, "activity_lines": [ 262.266667, 261.2, 256.561905, 257.931183 ] }, { "date": "2026-05-29", "close": 270.0, "volume": 3200, "typical_volume": 1017.0, "trend": 261.533333, "fair_value": 224.56981, "relative_strength": -8.138078, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.345587, "energy": 14.047067, "activity_lines": [ 264.533333, 263.636364, 257.904762, 258.486022 ] }, { "date": "2026-06-05", "close": 270.0, "volume": 2330, "typical_volume": 1090.5, "trend": 261.266667, "fair_value": 225.10972, "relative_strength": -7.184649, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.173383, "energy": 16.910451, "activity_lines": [ 266.266667, 265.418182, 259.238095, 259.032258 ] }, { "date": "2026-06-12", "close": 270.0, "volume": 5020, "typical_volume": 1332.5, "trend": 261.066667, "fair_value": 225.668633, "relative_strength": -6.641195, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.660909, "energy": 19.842595, "activity_lines": [ 268.0, 266.654545, 260.542857, 259.595699 ] }, { "date": "2026-06-19", "close": 272.0, "volume": 1332, "typical_volume": 1354.1, "trend": 260.733333, "fair_value": 226.221364, "relative_strength": -7.400231, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.782379, "energy": 27.020579, "activity_lines": [ 270.0, 267.636364, 262.009524, 260.301075 ] }, { "date": "2026-06-26", "close": 270.5, "volume": 205, "typical_volume": 1298.85, "trend": 260.283333, "fair_value": 226.574449, "relative_strength": -6.814316, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.515035, "energy": 31.72821, "activity_lines": [ 270.7, 268.309091, 263.228571, 260.931183 ] }, { "date": "2026-07-03", "close": 270.0, "volume": 210, "typical_volume": 1229.85, "trend": 260.216667, "fair_value": 227.070018, "relative_strength": -9.339636, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.444327, "energy": 27.709858, "activity_lines": [ 270.533333, 268.881818, 264.302381, 261.558065 ] }, { "date": "2026-07-10", "close": 272.0, "volume": 330, "typical_volume": 1221.85, "trend": 260.283333, "fair_value": 227.578408, "relative_strength": -6.32155, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.038991, "energy": 27.420315, "activity_lines": [ 271.033333, 269.672727, 265.509524, 262.31828 ] }, { "date": "2026-07-17", "close": 276.5, "volume": 984, "typical_volume": 1223.05, "trend": 260.5, "fair_value": 228.115645, "relative_strength": -3.581588, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.508187, "energy": 29.833354, "activity_lines": [ 272.9, 271.245455, 267.078571, 263.364516 ] }, { "date": "2026-07-24", "close": 272.0, "volume": 439, "typical_volume": 1234.5, "trend": 260.9, "fair_value": 228.611366, "relative_strength": -6.360351, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.197274, "energy": 26.302801, "activity_lines": [ 272.833333, 271.772727, 268.054762, 264.106452 ] }, { "date": "2026-07-31", "close": 272.0, "volume": 626, "typical_volume": 1210.3, "trend": 261.1, "fair_value": 229.113422, "relative_strength": -7.307848, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.215037, "energy": 25.097169, "activity_lines": [ 272.766667, 272.081818, 268.954762, 264.822581 ] }, { "date": "2026-08-07", "close": 268.0, "volume": 392, "typical_volume": 1211.4, "trend": 261.1, "fair_value": 229.589837, "relative_strength": -10.082284, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.019509, "energy": 18.497072, "activity_lines": [ 271.266667, 271.445455, 269.330952, 265.267742 ] } ], "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." } } }