{ "ticker": { "uuid": "1ec39f8d-3221-4390-907a-c8dd58f69b2c", "symbol": "WK", "name": "Workiva Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 41.878, "architecture_energy": 40.96, "architecture_maturity": 13.155, "architecture_confidence": 73.399, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 37.71, "rotation_up": 67.68, "upward_expansion": 37.92, "deceleration": 32.34, "rotation_down": 14.15, "downward_expansion": 21.92 }, "activity_lines": [ 59.246, 55.767091, 53.551381, 54.77086 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 65.14, "trend_reference": 58.451333, "distance_from_trend": 0.114431, "trend_direction": "Weakening", "fair_value": 80.451154, "distance_from_fair_value": -0.190316, "fair_value_direction": "Improving", "relative_strength": -17.843649, "relative_strength_direction": "Improving", "price_momentum": -0.06743, "excess_performance": -0.193055, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.114431, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.169364, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.190316, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.202522, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.178436, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.208467, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.06743, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.976184, "read": "Supply-led" } ], "volume": { "latest": 4716904, "relative_activity": 0.980647, "balance": 0.976184, "dry_up": 0.827301, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.089609, "annualized_volatility": 0.4854, "from_high_reference": -0.329111, "from_low_reference": 0.503 }, "levels": { "trend_reference": 58.451333, "fair_value_reference": 80.451154, "structural_low": 43.34, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.029789, "positive_rate": 0.307692, "directional_follow_through": 0.307692, "median_excess_return": -0.065193, "regime_survival": 0.384615, "best_return": 0.235674, "worst_return": -0.277531, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.019064, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.061233, "regime_survival": 0.125, "best_return": 0.244083, "worst_return": -0.331078, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.084905, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.163654, "regime_survival": 0.0, "best_return": 0.28878, "worst_return": -0.495751, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.157928, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.265218, "regime_survival": 0.0, "best_return": 0.052066, "worst_return": -0.417102, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-10-11", "tenure": "Developing", "return": 0.011769, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.162291, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-31", "tenure": "Developing", "return": 0.07603, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.131925, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.241375, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-07-25", "tenure": "Established", "return": 0.005323, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": -0.127402, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.069967, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-09-26", "tenure": "Developing", "return": 0.043166, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2026-01-09", "tenure": "Established", "return": 0.019476, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": -0.101493, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": -0.120544, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-07-24", "tenure": "Established", "return": -0.14875, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.089298, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 98.06, "volume": 5355051, "typical_volume": 1895146.5, "trend": 96.372, "fair_value": 96.248077, "relative_strength": 3.310044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.9802, "energy": 23.921406, "activity_lines": [ 102.522, 102.664727, 100.450476, 98.85828 ] }, { "date": "2023-08-25", "close": 100.06, "volume": 2145678, "typical_volume": 1916044.8, "trend": 96.754, "fair_value": 96.507949, "relative_strength": 4.066546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.061905, "energy": 17.204114, "activity_lines": [ 101.323333, 102.245091, 100.589714, 99.096215 ] }, { "date": "2023-09-01", "close": 110.38, "volume": 2479492, "typical_volume": 1931965.1, "trend": 97.391333, "fair_value": 96.861987, "relative_strength": 11.234909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.929987, "energy": 29.80957, "activity_lines": [ 103.919333, 103.733636, 101.698619, 99.975312 ] }, { "date": "2023-09-08", "close": 109.94, "volume": 1293009, "typical_volume": 1910605.45, "trend": 98.066667, "fair_value": 97.226923, "relative_strength": 11.548534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.895488, "energy": 35.610605, "activity_lines": [ 106.003333, 104.966364, 102.713857, 100.784903 ] }, { "date": "2023-09-15", "close": 110.01, "volume": 3151252, "typical_volume": 1985816.55, "trend": 98.792333, "fair_value": 97.567436, "relative_strength": 11.062929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.503129, "energy": 56.033996, "activity_lines": [ 107.942, 106.061273, 103.675571, 101.555441 ] }, { "date": "2023-09-22", "close": 102.42, "volume": 1825389, "typical_volume": 1936123.2, "trend": 99.292, "fair_value": 97.864167, "relative_strength": 5.939122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.415214, "energy": 45.87669, "activity_lines": [ 106.852, 105.539273, 103.835429, 101.789484 ] }, { "date": "2023-09-29", "close": 101.34, "volume": 1713204, "typical_volume": 1931479.55, "trend": 99.581667, "fair_value": 98.157885, "relative_strength": 5.400506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.675607, "energy": 25.668436, "activity_lines": [ 105.111333, 104.854, 103.829238, 101.921613 ] }, { "date": "2023-10-06", "close": 100.8, "volume": 1592580, "typical_volume": 1919501.55, "trend": 100.101333, "fair_value": 98.416538, "relative_strength": 4.128824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.587918, "energy": 12.997708, "activity_lines": [ 103.105333, 104.144, 103.712381, 102.000215 ] }, { "date": "2023-10-13", "close": 97.16, "volume": 1949588, "typical_volume": 1916637.75, "trend": 100.162667, "fair_value": 98.663397, "relative_strength": -0.249199, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.24389, "energy": 14.333187, "activity_lines": [ 100.524667, 102.846727, 103.196762, 101.810452 ] }, { "date": "2023-10-20", "close": 98.12, "volume": 2242850, "typical_volume": 1940760.75, "trend": 100.153333, "fair_value": 98.929487, "relative_strength": 2.953255, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.339026, "energy": 22.668854, "activity_lines": [ 99.116, 101.910364, 102.759476, 101.678667 ] }, { "date": "2023-10-27", "close": 93.52, "volume": 2015066, "typical_volume": 1965902.25, "trend": 99.857, "fair_value": 99.174423, "relative_strength": 0.429691, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.852819, "energy": 40.177255, "activity_lines": [ 96.966667, 100.217818, 101.885905, 101.25071 ] }, { "date": "2023-11-03", "close": 89.68, "volume": 3600206, "typical_volume": 2054554.6, "trend": 99.603333, "fair_value": 99.283718, "relative_strength": -9.187451, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.059093, "energy": 53.933696, "activity_lines": [ 94.130667, 97.909636, 100.67719, 100.594129 ] }, { "date": "2023-11-10", "close": 89.54, "volume": 1611550, "typical_volume": 2051913.2, "trend": 99.271, "fair_value": 99.410769, "relative_strength": -10.580978, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.778208, "energy": 61.733071, "activity_lines": [ 92.025333, 95.764727, 99.512905, 99.944882 ] }, { "date": "2023-11-17", "close": 93.41, "volume": 1625290, "typical_volume": 2059122.9, "trend": 99.141333, "fair_value": 99.547308, "relative_strength": -8.947278, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.30323, "energy": 56.714581, "activity_lines": [ 91.960667, 94.702364, 98.770381, 99.566753 ] }, { "date": "2023-11-24", "close": 94.57, "volume": 1067518, "typical_volume": 2064426.95, "trend": 99.179667, "fair_value": 99.668333, "relative_strength": -8.822081, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.393077, "energy": 46.997543, "activity_lines": [ 92.532667, 94.151455, 98.177619, 99.271828 ] }, { "date": "2023-12-01", "close": 99.62, "volume": 1541264, "typical_volume": 2065580.1, "trend": 99.528667, "fair_value": 99.813846, "relative_strength": -4.804643, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -40.831283, "energy": 27.524162, "activity_lines": [ 95.024667, 94.799455, 98.077286, 99.300237 ] }, { "date": "2023-12-08", "close": 95.3, "volume": 1742255, "typical_volume": 2058724.1, "trend": 99.742, "fair_value": 99.914936, "relative_strength": -9.189572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.11659, "energy": 18.713736, "activity_lines": [ 95.67, 94.712909, 97.587524, 99.027419 ] }, { "date": "2023-12-15", "close": 99.62, "volume": 2487056, "typical_volume": 2129454.75, "trend": 100.067333, "fair_value": 99.98609, "relative_strength": -7.229884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.862796, "energy": 18.8471, "activity_lines": [ 97.380667, 95.521636, 97.55719, 99.019548 ] }, { "date": "2023-12-22", "close": 103.9, "volume": 1488455, "typical_volume": 2137259.35, "trend": 100.383667, "fair_value": 100.058141, "relative_strength": -4.105683, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.8, "energy": 16.234703, "activity_lines": [ 99.846, 97.13, 97.959619, 99.266817 ] }, { "date": "2023-12-29", "close": 101.53, "volume": 806305, "typical_volume": 2086652.9, "trend": 100.484667, "fair_value": 100.121667, "relative_strength": -6.547091, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.367454, "energy": 19.779558, "activity_lines": [ 100.822, 98.184909, 98.153048, 99.340774 ] }, { "date": "2024-01-05", "close": 92.26, "volume": 1239752, "typical_volume": 1880887.95, "trend": 100.228667, "fair_value": 100.101923, "relative_strength": -13.610369, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.018764, "energy": 17.667966, "activity_lines": [ 98.244, 97.492364, 97.468381, 98.810151 ] }, { "date": "2024-01-12", "close": 95.05, "volume": 2252291, "typical_volume": 1886218.6, "trend": 100.003333, "fair_value": 100.088718, "relative_strength": -12.420715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.370175, "energy": 14.498246, "activity_lines": [ 97.086667, 97.33, 97.077048, 98.476043 ] }, { "date": "2024-01-19", "close": 96.68, "volume": 1013786, "typical_volume": 1812933.3, "trend": 99.869, "fair_value": 100.071282, "relative_strength": -11.794254, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.378706, "energy": 19.162302, "activity_lines": [ 96.489333, 97.366364, 96.86481, 98.261634 ] }, { "date": "2024-01-26", "close": 93.7, "volume": 2020945, "typical_volume": 1849330.1, "trend": 99.603667, "fair_value": 100.047115, "relative_strength": -15.174674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.899374, "energy": 31.458513, "activity_lines": [ 95.094667, 96.731091, 96.434, 97.863634 ] }, { "date": "2024-02-02", "close": 94.0, "volume": 1943350, "typical_volume": 1788935.0, "trend": 99.504333, "fair_value": 99.955256, "relative_strength": -15.850984, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.255262, "energy": 41.217152, "activity_lines": [ 94.48, 96.145091, 96.109095, 97.502108 ] }, { "date": "2024-02-09", "close": 95.97, "volume": 1506091, "typical_volume": 1772970.1, "trend": 99.228667, "fair_value": 99.874359, "relative_strength": -15.032635, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.370357, "energy": 34.52104, "activity_lines": [ 95.024, 95.927636, 96.048048, 97.274086 ] }, { "date": "2024-02-16", "close": 93.8, "volume": 2146617, "typical_volume": 1794640.75, "trend": 98.842667, "fair_value": 99.740513, "relative_strength": -16.443282, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.627716, "energy": 35.074502, "activity_lines": [ 94.597333, 95.382, 95.811048, 96.923849 ] }, { "date": "2024-02-23", "close": 87.47, "volume": 4047623, "typical_volume": 1917392.9, "trend": 98.261667, "fair_value": 99.652821, "relative_strength": -23.020976, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.021417, "energy": 45.451071, "activity_lines": [ 92.144, 93.712727, 95.007095, 96.190129 ] }, { "date": "2024-03-01", "close": 85.5, "volume": 2195488, "typical_volume": 1929687.9, "trend": 97.531333, "fair_value": 99.574872, "relative_strength": -25.06309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.36545, "energy": 59.094467, "activity_lines": [ 89.648, 91.906182, 94.079, 95.366796 ] }, { "date": "2024-03-08", "close": 85.59, "volume": 1604559, "typical_volume": 1897773.35, "trend": 96.966667, "fair_value": 99.494615, "relative_strength": -24.446796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.433901, "energy": 69.22843, "activity_lines": [ 87.728667, 90.450545, 93.215, 94.596387 ] }, { "date": "2024-03-15", "close": 83.93, "volume": 2040177, "typical_volume": 1899028.9, "trend": 96.495667, "fair_value": 99.432436, "relative_strength": -25.330413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.714379, "energy": 74.595515, "activity_lines": [ 85.816667, 88.982909, 92.252571, 93.755312 ] }, { "date": "2024-03-22", "close": 83.53, "volume": 1442301, "typical_volume": 1791133.65, "trend": 95.944667, "fair_value": 99.394487, "relative_strength": -26.720763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.280192, "energy": 73.973488, "activity_lines": [ 84.574, 87.594, 91.297714, 92.918817 ] }, { "date": "2024-03-29", "close": 84.8, "volume": 1125652, "typical_volume": 1766838.75, "trend": 95.092, "fair_value": 99.346474, "relative_strength": -25.268719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.57539, "energy": 63.430879, "activity_lines": [ 84.439333, 86.645455, 90.493095, 92.199806 ] }, { "date": "2024-04-05", "close": 80.64, "volume": 1601135, "typical_volume": 1765631.0, "trend": 94.115333, "fair_value": 99.260962, "relative_strength": -27.749988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.285036, "energy": 67.864119, "activity_lines": [ 83.096, 85.156545, 89.314857, 91.267419 ] }, { "date": "2024-04-12", "close": 78.47, "volume": 1562285, "typical_volume": 1790369.35, "trend": 93.064, "fair_value": 99.139167, "relative_strength": -28.065212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.258348, "energy": 67.635298, "activity_lines": [ 81.353333, 83.510545, 87.990762, 90.258043 ] }, { "date": "2024-04-19", "close": 77.86, "volume": 1660976, "typical_volume": 1796354.95, "trend": 92.245333, "fair_value": 99.022949, "relative_strength": -25.813246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.727737, "energy": 68.756501, "activity_lines": [ 79.882, 82.036, 86.685238, 89.27714 ] }, { "date": "2024-04-26", "close": 80.62, "volume": 1128838, "typical_volume": 1765684.1, "trend": 91.554667, "fair_value": 98.937179, "relative_strength": -24.690112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.152165, "energy": 66.927257, "activity_lines": [ 79.735333, 81.392545, 85.74619, 88.527118 ] }, { "date": "2024-05-03", "close": 81.68, "volume": 1975232, "typical_volume": 1740092.9, "trend": 90.917333, "fair_value": 98.881731, "relative_strength": -23.738162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.019911, "energy": 46.951812, "activity_lines": [ 80.136, 81.181455, 84.978, 87.890043 ] }, { "date": "2024-05-10", "close": 82.26, "volume": 1487964, "typical_volume": 1740068.35, "trend": 90.420667, "fair_value": 98.82859, "relative_strength": -24.17889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.913215, "energy": 39.589298, "activity_lines": [ 80.938, 81.181091, 84.350476, 87.331505 ] }, { "date": "2024-05-17", "close": 84.83, "volume": 1283958, "typical_volume": 1763951.0, "trend": 89.977667, "fair_value": 98.772564, "relative_strength": -22.670652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.208794, "energy": 25.353977, "activity_lines": [ 82.488667, 81.706909, 84.070762, 86.970817 ] }, { "date": "2024-05-24", "close": 79.5, "volume": 1098256, "typical_volume": 1756876.2, "trend": 89.510333, "fair_value": 98.673846, "relative_strength": -27.000261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.806614, "energy": 29.258463, "activity_lines": [ 81.838667, 81.277455, 83.362952, 86.294839 ] }, { "date": "2024-05-31", "close": 76.97, "volume": 1108905, "typical_volume": 1699706.9, "trend": 89.086667, "fair_value": 98.578462, "relative_strength": -28.460183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.331881, "energy": 39.779116, "activity_lines": [ 80.236, 80.468545, 82.474952, 85.485785 ] }, { "date": "2024-06-07", "close": 77.09, "volume": 1446671, "typical_volume": 1721351.15, "trend": 88.671667, "fair_value": 98.427051, "relative_strength": -28.623969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.13624, "energy": 46.312564, "activity_lines": [ 78.916667, 79.800727, 81.684476, 84.711806 ] }, { "date": "2024-06-14", "close": 74.47, "volume": 1550287, "typical_volume": 1697818.25, "trend": 88.040333, "fair_value": 98.215192, "relative_strength": -31.532551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.244384, "energy": 68.444496, "activity_lines": [ 77.03, 78.796727, 80.737762, 83.79557 ] }, { "date": "2024-06-21", "close": 73.07, "volume": 2184906, "typical_volume": 1709896.05, "trend": 87.323667, "fair_value": 97.956538, "relative_strength": -32.594003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.204776, "energy": 73.925472, "activity_lines": [ 75.196, 77.650364, 79.749286, 82.829742 ] }, { "date": "2024-06-28", "close": 72.99, "volume": 2406516, "typical_volume": 1754917.3, "trend": 86.436, "fair_value": 97.683013, "relative_strength": -31.985153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.59009, "energy": 73.837669, "activity_lines": [ 74.119333, 76.587636, 78.852857, 81.904989 ] }, { "date": "2024-07-05", "close": 72.06, "volume": 1723034, "typical_volume": 1733738.15, "trend": 85.661333, "fair_value": 97.353718, "relative_strength": -33.501552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.115007, "energy": 74.031916, "activity_lines": [ 73.166667, 75.444364, 77.977286, 80.977505 ] }, { "date": "2024-07-12", "close": 74.33, "volume": 2237191, "typical_volume": 1643216.55, "trend": 84.818333, "fair_value": 97.063782, "relative_strength": -31.369356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.120906, "energy": 57.120658, "activity_lines": [ 73.298, 74.869455, 77.421429, 80.246452 ] }, { "date": "2024-07-19", "close": 72.09, "volume": 2803196, "typical_volume": 1673601.95, "trend": 83.758, "fair_value": 96.693397, "relative_strength": -31.387471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.446809, "energy": 49.966767, "activity_lines": [ 72.866667, 74.020909, 76.71481, 79.425269 ] }, { "date": "2024-07-26", "close": 74.52, "volume": 1953389, "typical_volume": 1691043.45, "trend": 82.857667, "fair_value": 96.339231, "relative_strength": -27.785824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.933579, "energy": 41.970288, "activity_lines": [ 73.404, 73.799091, 76.303476, 78.829269 ] }, { "date": "2024-08-02", "close": 72.19, "volume": 3476657, "typical_volume": 1762867.45, "trend": 82.188667, "fair_value": 95.948526, "relative_strength": -27.734701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.513008, "energy": 41.513385, "activity_lines": [ 73.068, 73.341091, 75.722952, 78.141032 ] }, { "date": "2024-08-09", "close": 74.62, "volume": 2209884, "typical_volume": 1801246.6, "trend": 81.507667, "fair_value": 95.577885, "relative_strength": -24.593015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.823341, "energy": 30.593692, "activity_lines": [ 73.595333, 73.457818, 75.429762, 77.652731 ] }, { "date": "2024-08-16", "close": 78.2, "volume": 1729014, "typical_volume": 1831414.7, "trend": 80.891667, "fair_value": 95.207051, "relative_strength": -23.3259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.999028, "energy": 16.990285, "activity_lines": [ 75.145333, 74.268182, 75.519952, 77.439333 ] }, { "date": "2024-08-23", "close": 79.64, "volume": 1456669, "typical_volume": 1824191.4, "trend": 80.423, "fair_value": 94.806603, "relative_strength": -22.277726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.92954, "energy": 13.659655, "activity_lines": [ 76.917333, 75.320182, 75.778714, 77.358581 ] }, { "date": "2024-08-30", "close": 78.17, "volume": 2063932, "typical_volume": 1849273.75, "trend": 79.895333, "fair_value": 94.352564, "relative_strength": -23.033754, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.357759, "energy": 15.305033, "activity_lines": [ 77.696, 76.010909, 75.902238, 77.213226 ] }, { "date": "2024-09-06", "close": 73.09, "volume": 1175333, "typical_volume": 1824991.6, "trend": 79.132667, "fair_value": 93.903654, "relative_strength": -23.997124, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.891597, "energy": 17.261176, "activity_lines": [ 76.538, 75.685273, 75.543381, 76.774172 ] }, { "date": "2024-09-13", "close": 74.73, "volume": 2126374, "typical_volume": 1874868.4, "trend": 78.497, "fair_value": 93.394744, "relative_strength": -24.322399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.474094, "energy": 10.173204, "activity_lines": [ 75.866667, 75.656, 75.363429, 76.490129 ] }, { "date": "2024-09-20", "close": 79.16, "volume": 2461875, "typical_volume": 1899200.55, "trend": 78.22, "fair_value": 92.934167, "relative_strength": -20.070807, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.002627, "energy": 3.003232, "activity_lines": [ 76.664667, 76.383636, 75.633429, 76.532903 ] }, { "date": "2024-09-27", "close": 80.48, "volume": 1388188, "typical_volume": 1894211.75, "trend": 78.052667, "fair_value": 92.537564, "relative_strength": -18.29934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.859719, "energy": 4.742674, "activity_lines": [ 77.838667, 77.263455, 76.041143, 76.67871 ] }, { "date": "2024-10-04", "close": 79.73, "volume": 1337791, "typical_volume": 1896903.4, "trend": 77.857333, "fair_value": 92.177244, "relative_strength": -18.375192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.781439, "energy": 23.589014, "activity_lines": [ 78.706667, 77.854364, 76.385905, 76.786925 ] }, { "date": "2024-10-11", "close": 79.09, "volume": 1097858, "typical_volume": 1896883.5, "trend": 77.696, "fair_value": 91.772115, "relative_strength": -19.115191, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.43193, "energy": 29.063124, "activity_lines": [ 79.257333, 78.234182, 76.694, 76.866452 ] }, { "date": "2024-10-18", "close": 81.52, "volume": 1325498, "typical_volume": 1907713.15, "trend": 77.629, "fair_value": 91.335321, "relative_strength": -16.423599, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.38492, "energy": 40.630619, "activity_lines": [ 80.218, 78.930364, 77.235476, 77.113161 ] }, { "date": "2024-10-25", "close": 78.78, "volume": 948653, "typical_volume": 1882812.25, "trend": 77.428333, "fair_value": 90.881667, "relative_strength": -17.558215, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.575229, "energy": 27.095485, "activity_lines": [ 79.812667, 79.002909, 77.494333, 77.187419 ] }, { "date": "2024-11-01", "close": 79.17, "volume": 1369907, "typical_volume": 1873793.25, "trend": 77.379333, "fair_value": 90.363077, "relative_strength": -15.293868, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.125548, "energy": 19.54785, "activity_lines": [ 79.562667, 79.135818, 77.782286, 77.299785 ] }, { "date": "2024-11-08", "close": 94.75, "volume": 3464767, "typical_volume": 1937786.3, "trend": 77.922, "fair_value": 89.963141, "relative_strength": -2.681487, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.119543, "energy": 72.487037, "activity_lines": [ 84.593333, 82.11, 79.531667, 78.420473 ] }, { "date": "2024-11-15", "close": 91.28, "volume": 2259239, "typical_volume": 1930422.45, "trend": 78.369333, "fair_value": 89.635705, "relative_strength": -3.637436, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.625504, "energy": 78.21504, "activity_lines": [ 87.466, 84.151818, 80.847333, 79.28228 ] }, { "date": "2024-11-22", "close": 95.62, "volume": 1923857, "typical_volume": 1940463.6, "trend": 78.869333, "fair_value": 89.369038, "relative_strength": -0.116805, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.118943, "energy": 86.936302, "activity_lines": [ 90.972667, 86.652, 82.489238, 80.395226 ] }, { "date": "2024-11-29", "close": 97.25, "volume": 1505555, "typical_volume": 1903881.8, "trend": 79.388333, "fair_value": 89.166603, "relative_strength": 1.106957, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.710705, "energy": 90.436672, "activity_lines": [ 94.082667, 89.068727, 84.17419, 81.581075 ] }, { "date": "2024-12-06", "close": 102.86, "volume": 1960904, "typical_volume": 1861767.2, "trend": 80.075, "fair_value": 88.96609, "relative_strength": 6.535861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.820906, "energy": 93.636339, "activity_lines": [ 97.831333, 92.176545, 86.284286, 83.095376 ] }, { "date": "2024-12-13", "close": 103.87, "volume": 1875669, "typical_volume": 1857881.2, "trend": 80.709667, "fair_value": 88.804487, "relative_strength": 8.780774, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.166048, "energy": 92.916265, "activity_lines": [ 100.337333, 95.061091, 88.344048, 84.630538 ] }, { "date": "2024-12-20", "close": 114.78, "volume": 4113781, "typical_volume": 1889737.4, "trend": 81.885667, "fair_value": 88.684936, "relative_strength": 22.872475, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.060938, "energy": 96.94121, "activity_lines": [ 105.872, 99.490364, 91.303095, 86.828624 ] }, { "date": "2024-12-27", "close": 111.13, "volume": 1017148, "typical_volume": 1830100.6, "trend": 83.024333, "fair_value": 88.560833, "relative_strength": 18.620324, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.772614, "energy": 91.185487, "activity_lines": [ 108.623333, 102.607091, 93.711714, 88.715355 ] }, { "date": "2025-01-03", "close": 111.35, "volume": 1414461, "typical_volume": 1814372.95, "trend": 84.166333, "fair_value": 88.539744, "relative_strength": 19.638921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.092838, "energy": 87.034072, "activity_lines": [ 110.414, 105.225455, 95.967429, 90.542817 ] }, { "date": "2025-01-10", "close": 105.86, "volume": 1999177, "typical_volume": 1841498.35, "trend": 85.212667, "fair_value": 88.469487, "relative_strength": 16.264309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.658571, "energy": 66.94971, "activity_lines": [ 109.434667, 106.253455, 97.542429, 91.942409 ] }, { "date": "2025-01-17", "close": 112.03, "volume": 2367550, "typical_volume": 1856679.25, "trend": 86.511333, "fair_value": 88.476282, "relative_strength": 19.749453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.989087, "energy": 65.865625, "activity_lines": [ 110.312, 107.918, 99.58019, 93.672559 ] }, { "date": "2025-01-24", "close": 97.0, "volume": 6525791, "typical_volume": 2124202.15, "trend": 87.311667, "fair_value": 88.356731, "relative_strength": 2.353915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.756975, "energy": 40.843012, "activity_lines": [ 105.635333, 106.535636, 100.025286, 94.349247 ] }, { "date": "2025-01-31", "close": 98.22, "volume": 2848416, "typical_volume": 2160304.25, "trend": 88.183667, "fair_value": 88.251859, "relative_strength": 5.081254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.543598, "energy": 25.804067, "activity_lines": [ 102.550667, 105.271091, 100.472714, 95.053011 ] }, { "date": "2025-02-07", "close": 98.92, "volume": 2476288, "typical_volume": 2161024.9, "trend": 89.003333, "fair_value": 88.147628, "relative_strength": 6.400857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.808341, "energy": 25.148245, "activity_lines": [ 100.56, 104.086545, 100.874952, 95.745677 ] }, { "date": "2025-02-14", "close": 89.08, "volume": 3025184, "typical_volume": 2242874.7, "trend": 89.569667, "fair_value": 88.051987, "relative_strength": -5.066579, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.792876, "energy": 21.320982, "activity_lines": [ 96.118, 101.082545, 100.245952, 95.750624 ] }, { "date": "2025-02-21", "close": 84.43, "volume": 2364748, "typical_volume": 2294222.55, "trend": 89.9, "fair_value": 87.940385, "relative_strength": -8.171511, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.070128, "energy": 29.817601, "activity_lines": [ 91.244667, 97.483636, 99.133143, 95.419032 ] }, { "date": "2025-02-28", "close": 87.52, "volume": 4840744, "typical_volume": 2481366.85, "trend": 90.411, "fair_value": 87.877628, "relative_strength": -3.627282, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.32108, "energy": 35.235169, "activity_lines": [ 89.241333, 94.8, 98.292238, 95.265484 ] }, { "date": "2025-03-07", "close": 85.87, "volume": 3618504, "typical_volume": 2596017.15, "trend": 90.786, "fair_value": 87.817885, "relative_strength": -2.196371, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.446524, "energy": 42.446978, "activity_lines": [ 87.32, 92.312, 97.254048, 94.972516 ] }, { "date": "2025-03-14", "close": 87.54, "volume": 2624914, "typical_volume": 2679830.2, "trend": 91.097333, "fair_value": 87.688269, "relative_strength": 2.165787, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.075711, "energy": 49.617067, "activity_lines": [ 86.778667, 90.586909, 96.35419, 94.763097 ] }, { "date": "2025-03-21", "close": 87.23, "volume": 2600556, "typical_volume": 2741362.65, "trend": 91.350333, "fair_value": 87.543974, "relative_strength": 1.385676, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.906969, "energy": 34.538592, "activity_lines": [ 86.892667, 89.238364, 95.383095, 94.513591 ] }, { "date": "2025-03-28", "close": 78.73, "volume": 4166614, "typical_volume": 2776455.0, "trend": 91.369, "fair_value": 87.264359, "relative_strength": -6.859501, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.902633, "energy": 42.471046, "activity_lines": [ 84.296667, 86.683091, 93.564095, 93.699376 ] }, { "date": "2025-04-04", "close": 67.57, "volume": 6165223, "typical_volume": 2971754.2, "trend": 91.185, "fair_value": 86.992179, "relative_strength": -11.826615, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.020277, "energy": 62.474689, "activity_lines": [ 78.360667, 82.704182, 90.758524, 92.163957 ] }, { "date": "2025-04-11", "close": 66.41, "volume": 6462982, "typical_volume": 3198710.45, "trend": 90.907667, "fair_value": 86.722756, "relative_strength": -17.666401, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.031749, "energy": 82.415605, "activity_lines": [ 73.368, 79.049455, 87.955381, 90.56557 ] }, { "date": "2025-04-18", "close": 67.63, "volume": 2390924, "typical_volume": 3242978.9, "trend": 90.523333, "fair_value": 86.490128, "relative_strength": -14.620128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.06245, "energy": 85.718145, "activity_lines": [ 70.079333, 76.194909, 85.407524, 89.063785 ] }, { "date": "2025-04-25", "close": 73.62, "volume": 2152167, "typical_volume": 3252542.05, "trend": 90.294667, "fair_value": 86.343397, "relative_strength": -10.840871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.846651, "energy": 84.724173, "activity_lines": [ 70.114667, 74.998364, 83.57119, 87.973247 ] }, { "date": "2025-05-02", "close": 67.41, "volume": 4511997, "typical_volume": 3384358.45, "trend": 89.884, "fair_value": 86.279744, "relative_strength": -20.245437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.637732, "energy": 81.155746, "activity_lines": [ 68.987333, 72.953818, 81.282667, 86.496817 ] }, { "date": "2025-05-09", "close": 67.57, "volume": 4568986, "typical_volume": 3407118.7, "trend": 89.5, "fair_value": 86.252949, "relative_strength": -19.294863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.394171, "energy": 69.623861, "activity_lines": [ 68.668, 71.247818, 79.183, 85.057204 ] }, { "date": "2025-05-16", "close": 71.46, "volume": 2910283, "typical_volume": 3501775.45, "trend": 89.164667, "fair_value": 86.274103, "relative_strength": -18.494114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.115963, "energy": 53.714132, "activity_lines": [ 69.645333, 70.611818, 77.678619, 83.893333 ] }, { "date": "2025-05-23", "close": 67.16, "volume": 1999969, "typical_volume": 3531050.85, "trend": 88.777333, "fair_value": 86.23141, "relative_strength": -21.031105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.613876, "energy": 55.773257, "activity_lines": [ 68.852667, 69.456, 75.953619, 82.473677 ] }, { "date": "2025-05-30", "close": 67.29, "volume": 1424558, "typical_volume": 3502319.9, "trend": 88.381333, "fair_value": 86.194167, "relative_strength": -21.914349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.696486, "energy": 54.056825, "activity_lines": [ 68.134667, 68.694364, 74.451429, 81.087398 ] }, { "date": "2025-06-06", "close": 69.21, "volume": 2204580, "typical_volume": 3494171.4, "trend": 87.53, "fair_value": 86.204231, "relative_strength": -20.673204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.416267, "energy": 48.928918, "activity_lines": [ 68.478667, 68.644364, 73.315762, 79.850538 ] }, { "date": "2025-06-13", "close": 65.73, "volume": 2550406, "typical_volume": 3295402.15, "trend": 86.678333, "fair_value": 86.21359, "relative_strength": -24.102751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.055577, "energy": 52.197701, "activity_lines": [ 67.542667, 68.134727, 72.052571, 78.444086 ] }, { "date": "2025-06-20", "close": 65.4, "volume": 2217315, "typical_volume": 3263847.1, "trend": 85.671, "fair_value": 86.170641, "relative_strength": -24.103372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.638097, "energy": 50.518857, "activity_lines": [ 66.619333, 67.598545, 70.906857, 77.07129 ] }, { "date": "2025-06-27", "close": 65.82, "volume": 2091783, "typical_volume": 3244621.85, "trend": 84.623333, "fair_value": 86.170513, "relative_strength": -25.896109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.203788, "energy": 50.028785, "activity_lines": [ 66.24, 67.157091, 69.957429, 75.790581 ] }, { "date": "2025-07-04", "close": 69.22, "volume": 1906840, "typical_volume": 3188704.65, "trend": 83.502, "fair_value": 86.148974, "relative_strength": -23.15476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.812647, "energy": 47.923901, "activity_lines": [ 67.083333, 67.366727, 69.489429, 74.796817 ] }, { "date": "2025-07-11", "close": 67.14, "volume": 2936092, "typical_volume": 3217271.85, "trend": 82.277667, "fair_value": 86.188974, "relative_strength": -24.990718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.160312, "energy": 44.43097, "activity_lines": [ 67.104667, 67.278182, 68.917905, 73.741204 ] }, { "date": "2025-07-18", "close": 66.51, "volume": 3261366, "typical_volume": 3138302.95, "trend": 80.668667, "fair_value": 86.194936, "relative_strength": -25.895676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.067554, "energy": 41.066947, "activity_lines": [ 67.054, 67.08, 68.368714, 72.723935 ] }, { "date": "2025-07-25", "close": 67.99, "volume": 2028481, "typical_volume": 3058801.8, "trend": 79.230667, "fair_value": 86.210897, "relative_strength": -25.057606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.721796, "energy": 32.19698, "activity_lines": [ 67.444667, 67.170182, 68.060524, 71.905957 ] }, { "date": "2025-08-01", "close": 84.3, "volume": 5921910, "typical_volume": 3223651.6, "trend": 78.329, "fair_value": 86.291987, "relative_strength": -4.76113, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 16.403607, "energy": 21.127849, "activity_lines": [ 73.099333, 70.288909, 69.39081, 72.233011 ] }, { "date": "2025-08-08", "close": 73.56, "volume": 5856174, "typical_volume": 3386432.5, "trend": 77.252333, "fair_value": 86.282949, "relative_strength": -18.622112, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -7.044354, "energy": 20.954664, "activity_lines": [ 73.942, 71.143273, 69.713667, 71.925333 ] }, { "date": "2025-08-15", "close": 74.75, "volume": 4085343, "typical_volume": 3382368.95, "trend": 76.009667, "fair_value": 86.307949, "relative_strength": -17.813188, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -3.107284, "energy": 24.254225, "activity_lines": [ 74.892, 72.1, 70.214952, 71.763892 ] }, { "date": "2025-08-22", "close": 79.98, "volume": 3461289, "typical_volume": 3247172.25, "trend": 75.442333, "fair_value": 86.383526, "relative_strength": -12.084509, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.522116, "energy": 40.162129, "activity_lines": [ 77.078, 73.906909, 71.233286, 72.020043 ] }, { "date": "2025-08-29", "close": 82.24, "volume": 3531286, "typical_volume": 3100587.45, "trend": 74.909667, "fair_value": 86.485, "relative_strength": -9.404331, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.425764, "energy": 53.37127, "activity_lines": [ 79.119333, 75.865636, 72.407762, 72.458602 ] }, { "date": "2025-09-05", "close": 79.93, "volume": 3808560, "typical_volume": 3171469.25, "trend": 74.276667, "fair_value": 86.536282, "relative_strength": -12.085392, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.562196, "energy": 51.661308, "activity_lines": [ 79.440667, 77.098182, 73.286857, 72.782495 ] }, { "date": "2025-09-12", "close": 77.48, "volume": 3503490, "typical_volume": 3239035.4, "trend": 73.89, "fair_value": 86.606026, "relative_strength": -15.90546, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.400924, "energy": 42.820759, "activity_lines": [ 79.236667, 77.628727, 73.874048, 72.989161 ] }, { "date": "2025-09-19", "close": 79.66, "volume": 4556623, "typical_volume": 3241266.7, "trend": 73.731, "fair_value": 86.709872, "relative_strength": -14.348632, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.728633, "energy": 32.276415, "activity_lines": [ 79.498, 78.405455, 74.650476, 73.361419 ] }, { "date": "2025-09-26", "close": 85.79, "volume": 3860891, "typical_volume": 3205861.95, "trend": 73.673333, "fair_value": 86.76109, "relative_strength": -7.331406, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.196173, "energy": 47.905774, "activity_lines": [ 81.475333, 80.069091, 75.952381, 74.139419 ] }, { "date": "2025-10-03", "close": 87.8, "volume": 4147826, "typical_volume": 3267739.1, "trend": 73.737667, "fair_value": 86.84, "relative_strength": -6.083145, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.008126, "energy": 55.632647, "activity_lines": [ 83.735333, 81.747636, 77.358952, 75.050817 ] }, { "date": "2025-10-10", "close": 86.96, "volume": 4973183, "typical_volume": 3416399.8, "trend": 73.718333, "fair_value": 86.932244, "relative_strength": -4.610544, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.035813, "energy": 64.035426, "activity_lines": [ 85.344667, 82.913273, 78.607714, 75.903871 ] }, { "date": "2025-10-17", "close": 87.79, "volume": 4471091, "typical_volume": 3568726.45, "trend": 73.737, "fair_value": 87.011859, "relative_strength": -5.230613, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.786875, "energy": 67.909985, "activity_lines": [ 86.762, 84.181455, 79.841238, 76.81172 ] }, { "date": "2025-10-24", "close": 89.19, "volume": 2766399, "typical_volume": 3596817.4, "trend": 74.085667, "fair_value": 87.084487, "relative_strength": -5.469238, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.173915, "energy": 63.503588, "activity_lines": [ 87.958667, 85.445455, 81.110476, 77.808688 ] }, { "date": "2025-10-31", "close": 85.01, "volume": 3339328, "typical_volume": 3636263.5, "trend": 74.667, "fair_value": 87.193141, "relative_strength": -10.340838, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.11449, "energy": 55.427462, "activity_lines": [ 87.126667, 85.686909, 81.886476, 78.513484 ] }, { "date": "2025-11-07", "close": 89.0, "volume": 4577766, "typical_volume": 3754286.05, "trend": 75.42, "fair_value": 87.263782, "relative_strength": -4.214526, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.76412, "energy": 48.127317, "activity_lines": [ 87.676667, 86.562364, 82.950667, 79.438194 ] }, { "date": "2025-11-14", "close": 91.03, "volume": 3645081, "typical_volume": 3831950.95, "trend": 76.2, "fair_value": 87.369872, "relative_strength": -1.866566, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.316022, "energy": 48.342425, "activity_lines": [ 88.823333, 87.684, 84.09581, 80.44529 ] }, { "date": "2025-11-21", "close": 90.51, "volume": 2679041, "typical_volume": 3870561.0, "trend": 76.763, "fair_value": 87.453205, "relative_strength": -0.167138, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.744426, "energy": 45.89635, "activity_lines": [ 89.525333, 88.509273, 85.071381, 81.368516 ] }, { "date": "2025-11-28", "close": 92.56, "volume": 1517740, "typical_volume": 3799643.4, "trend": 77.601333, "fair_value": 87.507436, "relative_strength": -1.159585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.21131, "energy": 50.538937, "activity_lines": [ 90.729333, 89.470364, 86.14081, 82.387677 ] }, { "date": "2025-12-05", "close": 92.37, "volume": 3900731, "typical_volume": 3831611.65, "trend": 78.428, "fair_value": 87.598333, "relative_strength": -1.186225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.473804, "energy": 52.174019, "activity_lines": [ 91.645333, 90.162364, 87.071095, 83.340495 ] }, { "date": "2025-12-12", "close": 87.33, "volume": 3221526, "typical_volume": 3891263.9, "trend": 78.957, "fair_value": 87.62391, "relative_strength": -5.426989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.073279, "energy": 40.513887, "activity_lines": [ 90.390667, 89.818364, 87.398238, 83.914817 ] }, { "date": "2025-12-19", "close": 87.93, "volume": 3455694, "typical_volume": 3767953.1, "trend": 79.649333, "fair_value": 87.650962, "relative_strength": -3.978051, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.396336, "energy": 30.230009, "activity_lines": [ 89.447333, 89.592, 87.690429, 84.49372 ] }, { "date": "2025-12-26", "close": 87.45, "volume": 1256928, "typical_volume": 3537990.8, "trend": 80.321333, "fair_value": 87.673269, "relative_strength": -5.001334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.902715, "energy": 22.304423, "activity_lines": [ 88.550667, 89.260727, 87.919619, 84.996989 ] }, { "date": "2026-01-02", "close": 82.97, "volume": 2461254, "typical_volume": 3456786.35, "trend": 80.78, "fair_value": 87.678846, "relative_strength": -8.012569, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.791537, "energy": 17.561965, "activity_lines": [ 86.364667, 88.121091, 87.656, 85.167871 ] }, { "date": "2026-01-09", "close": 89.51, "volume": 5340356, "typical_volume": 3550739.7, "trend": 81.572667, "fair_value": 87.678397, "relative_strength": -1.523689, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.974859, "energy": 18.706991, "activity_lines": [ 86.998, 88.283636, 87.976095, 85.731097 ] }, { "date": "2026-01-16", "close": 85.72, "volume": 2544407, "typical_volume": 3501395.75, "trend": 82.25, "fair_value": 87.664487, "relative_strength": -4.442344, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.293953, "energy": 11.405184, "activity_lines": [ 86.558667, 87.675273, 87.889857, 85.998667 ] }, { "date": "2026-01-23", "close": 81.44, "volume": 2470554, "typical_volume": 3434495.45, "trend": 82.770667, "fair_value": 87.61859, "relative_strength": -8.305358, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.352853, "energy": 12.035226, "activity_lines": [ 84.8, 86.348364, 87.379429, 85.946409 ] }, { "date": "2026-01-30", "close": 77.02, "volume": 3946831, "typical_volume": 3456662.5, "trend": 83.030667, "fair_value": 87.527308, "relative_strength": -12.926054, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.744612, "energy": 32.658436, "activity_lines": [ 82.000667, 84.392182, 86.440857, 85.575398 ] }, { "date": "2026-02-06", "close": 69.85, "volume": 5352453, "typical_volume": 3496454.0, "trend": 83.121, "fair_value": 87.400192, "relative_strength": -20.090914, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.5612, "energy": 65.012081, "activity_lines": [ 77.506667, 81.377636, 84.821619, 84.725032 ] }, { "date": "2026-02-13", "close": 61.93, "volume": 5188509, "typical_volume": 3562834.9, "trend": 82.968333, "fair_value": 87.231538, "relative_strength": -27.602966, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -63.269312, "energy": 81.704007, "activity_lines": [ 71.247333, 77.336, 82.49481, 83.357871 ] }, { "date": "2026-02-20", "close": 61.43, "volume": 8222504, "typical_volume": 3766568.8, "trend": 82.749667, "fair_value": 87.064872, "relative_strength": -28.402825, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.014115, "energy": 92.628176, "activity_lines": [ 66.66, 73.756909, 80.234, 81.968301 ] }, { "date": "2026-02-27", "close": 61.58, "volume": 8641083, "typical_volume": 3949963.8, "trend": 81.992333, "fair_value": 86.865705, "relative_strength": -27.201546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.291783, "energy": 90.600542, "activity_lines": [ 63.742, 70.676, 78.113048, 80.602516 ] }, { "date": "2026-03-06", "close": 64.9, "volume": 4983660, "typical_volume": 3975592.25, "trend": 81.703667, "fair_value": 86.735513, "relative_strength": -21.0549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.466669, "energy": 86.083373, "activity_lines": [ 63.254667, 68.677818, 76.429143, 79.499785 ] }, { "date": "2026-03-13", "close": 61.59, "volume": 3754428, "typical_volume": 4024993.7, "trend": 81.265, "fair_value": 86.519295, "relative_strength": -23.161924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.974065, "energy": 78.965449, "activity_lines": [ 62.472, 66.487818, 74.539, 78.202129 ] }, { "date": "2026-03-20", "close": 60.74, "volume": 3388822, "typical_volume": 4027468.4, "trend": 80.623667, "fair_value": 86.277885, "relative_strength": -22.057658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.320159, "energy": 63.965042, "activity_lines": [ 61.956667, 64.532, 72.699333, 76.877935 ] }, { "date": "2026-03-27", "close": 57.83, "volume": 3197220, "typical_volume": 3958441.1, "trend": 79.81, "fair_value": 85.992115, "relative_strength": -23.458821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.43829, "energy": 63.650248, "activity_lines": [ 60.550667, 62.570182, 70.698095, 75.407376 ] }, { "date": "2026-04-03", "close": 60.0, "volume": 2730444, "typical_volume": 3912709.25, "trend": 79.145667, "fair_value": 85.753077, "relative_strength": -22.672848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.705924, "energy": 59.85499, "activity_lines": [ 60.108, 61.51, 69.051952, 74.129312 ] }, { "date": "2026-04-10", "close": 52.36, "volume": 3798617, "typical_volume": 3968688.05, "trend": 78.308333, "fair_value": 85.450833, "relative_strength": -34.345829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.697288, "energy": 68.651017, "activity_lines": [ 57.224, 59.450545, 66.825952, 72.401204 ] }, { "date": "2026-04-17", "close": 57.34, "volume": 3937002, "typical_volume": 4089651.15, "trend": 77.564333, "fair_value": 85.194679, "relative_strength": -30.64855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.585272, "energy": 60.961297, "activity_lines": [ 56.836, 58.744909, 65.255905, 71.048409 ] }, { "date": "2026-04-24", "close": 53.15, "volume": 6776056, "typical_volume": 4233417.4, "trend": 76.476333, "fair_value": 84.936538, "relative_strength": -35.409913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.770632, "energy": 62.762074, "activity_lines": [ 55.334667, 57.504909, 63.454524, 69.47329 ] }, { "date": "2026-05-01", "close": 54.76, "volume": 6161036, "typical_volume": 4380392.9, "trend": 75.375, "fair_value": 84.71609, "relative_strength": -33.581888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.003435, "energy": 62.703755, "activity_lines": [ 54.876, 56.717273, 61.993238, 68.072237 ] }, { "date": "2026-05-08", "close": 51.29, "volume": 8475335, "typical_volume": 4631374.95, "trend": 74.186, "fair_value": 84.475, "relative_strength": -38.69037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.219346, "energy": 62.776449, "activity_lines": [ 53.465333, 55.42, 60.356571, 66.518366 ] }, { "date": "2026-05-15", "close": 47.4, "volume": 8477132, "typical_volume": 4992385.15, "trend": 72.839667, "fair_value": 84.202821, "relative_strength": -42.90226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.235181, "energy": 72.742578, "activity_lines": [ 51.338667, 53.602545, 58.523905, 64.790237 ] }, { "date": "2026-05-22", "close": 50.31, "volume": 4388826, "typical_volume": 5088763.75, "trend": 71.543667, "fair_value": 83.920128, "relative_strength": -39.405745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.901647, "energy": 72.283624, "activity_lines": [ 50.512667, 52.632364, 57.159095, 63.33671 ] }, { "date": "2026-05-29", "close": 49.78, "volume": 3432881, "typical_volume": 4993390.0, "trend": 70.369333, "fair_value": 83.607821, "relative_strength": -40.391856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.221041, "energy": 67.672492, "activity_lines": [ 49.978667, 51.770909, 55.899333, 61.932602 ] }, { "date": "2026-06-05", "close": 49.13, "volume": 5039898, "typical_volume": 5118164.55, "trend": 69.040333, "fair_value": 83.282115, "relative_strength": -39.127643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.115436, "energy": 61.376239, "activity_lines": [ 49.452667, 50.990545, 54.766857, 60.562323 ] }, { "date": "2026-06-12", "close": 48.93, "volume": 5604922, "typical_volume": 5274882.95, "trend": 67.637, "fair_value": 82.943141, "relative_strength": -39.233923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.702256, "energy": 57.175577, "activity_lines": [ 49.235333, 50.332, 53.789571, 59.264882 ] }, { "date": "2026-06-19", "close": 47.37, "volume": 4390612, "typical_volume": 5297072.0, "trend": 66.199, "fair_value": 82.601218, "relative_strength": -41.216169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.418225, "energy": 56.611211, "activity_lines": [ 48.655333, 49.591091, 52.818524, 57.957333 ] }, { "date": "2026-06-26", "close": 49.05, "volume": 6504655, "typical_volume": 5354682.1, "trend": 64.748667, "fair_value": 82.263974, "relative_strength": -37.191079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.109149, "energy": 50.263724, "activity_lines": [ 48.637333, 49.246364, 52.148667, 56.850946 ] }, { "date": "2026-07-03", "close": 51.93, "volume": 3745834, "typical_volume": 5282548.35, "trend": 63.400667, "fair_value": 81.975192, "relative_strength": -34.416293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.261343, "energy": 38.04043, "activity_lines": [ 49.663333, 49.576, 51.852143, 56.023935 ] }, { "date": "2026-07-10", "close": 52.17, "volume": 3622151, "typical_volume": 5052530.7, "trend": 62.228667, "fair_value": 81.64141, "relative_strength": -34.530044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.437892, "energy": 31.093509, "activity_lines": [ 50.626, 49.971455, 51.626095, 55.299376 ] }, { "date": "2026-07-17", "close": 57.18, "volume": 3797246, "typical_volume": 4810338.85, "trend": 61.203667, "fair_value": 81.332436, "relative_strength": -26.713632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.23684, "energy": 16.697641, "activity_lines": [ 53.056, 51.324909, 51.921286, 54.973656 ] }, { "date": "2026-07-24", "close": 52.42, "volume": 3984957, "typical_volume": 4760403.7, "trend": 60.036, "fair_value": 80.996026, "relative_strength": -31.957303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.002338, "energy": 19.615617, "activity_lines": [ 53.349333, 51.705818, 51.784095, 54.406968 ] }, { "date": "2026-07-31", "close": 59.8, "volume": 3418138, "typical_volume": 4743589.2, "trend": 59.263667, "fair_value": 80.690833, "relative_strength": -22.403089, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.719584, "energy": 18.960154, "activity_lines": [ 55.766, 53.337273, 52.40919, 54.391742 ] }, { "date": "2026-08-07", "close": 65.14, "volume": 4716904, "typical_volume": 4809993.3, "trend": 58.451333, "fair_value": 80.451154, "relative_strength": -17.843649, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.877941, "energy": 40.960189, "activity_lines": [ 59.246, 55.767091, 53.551381, 54.77086 ] } ], "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." } } }