{ "ticker": { "uuid": "289f3196-db5c-46cd-b8a6-53c1f2a3089f", "symbol": "SKA-B", "name": "Skanska AB (publ)", "exchange": "STO", "country": "SE", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.01, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 73.324, "architecture_energy": 68.4, "architecture_maturity": 15.569, "architecture_confidence": 76.243, "architecture_tenure": "Developing", "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": 21.17, "rotation_up": 69.54, "upward_expansion": 87.49, "deceleration": 46.07, "rotation_down": 11.93, "downward_expansion": 14.15 }, "activity_lines": [ 265.019999, 261.56909, 256.440286, 253.996968 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 270.299988, "trend_reference": 252.709129, "distance_from_trend": 0.069609, "trend_direction": "Improving", "fair_value": 205.343818, "distance_from_fair_value": 0.316329, "fair_value_direction": "Improving", "relative_strength": -1.828438, "relative_strength_direction": "Improving", "price_momentum": 0.051286, "excess_performance": -0.010209, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069609, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02952, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.316329, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.032277, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.018284, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.014435, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.051286, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.920442, "read": "Demand-led" } ], "volume": { "latest": 2530611, "relative_activity": 0.785287, "balance": 3.920442, "dry_up": 1.095487, "accumulation_observations": 6, "distribution_observations": 0 }, "risk": { "range_context": 0.035744, "annualized_volatility": 0.245285, "from_high_reference": -0.015659, "from_low_reference": 0.253988 }, "levels": { "trend_reference": 252.709129, "fair_value_reference": 205.343818, "structural_low": 221.503158, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": 0.015672, "positive_rate": 0.580645, "directional_follow_through": 0.580645, "median_excess_return": -0.007589, "regime_survival": 0.774194, "best_return": 0.115925, "worst_return": -0.119774, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.011966, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": -0.026678, "regime_survival": 0.4, "best_return": 0.074667, "worst_return": -0.102881, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.066353, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.018237, "regime_survival": 0.571429, "best_return": 0.115485, "worst_return": -0.061728, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.096086, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.007344, "regime_survival": 0.75, "best_return": 0.438384, "worst_return": -0.257991, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-29", "end": "2023-11-17", "tenure": "Developing", "return": -0.074444, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-24", "end": "2023-12-15", "tenure": "New", "return": 0.085355, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-06-07", "tenure": "Established", "return": 0.040274, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-12", "tenure": "Developing", "return": 0.082378, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2025-04-11", "tenure": "Extended", "return": -0.019429, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.079137, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-08-15", "tenure": "Established", "return": 0.036093, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": -0.052567, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-11-21", "tenure": "Developing", "return": -0.005394, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": 0.06441, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-03-13", "tenure": "Developing", "return": -0.041045, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-06-05", "tenure": "Developing", "return": 0.070022, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-07-03", "tenure": "New", "return": 0.114072, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.065852, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 137.632721, "volume": 2808806, "typical_volume": 4331449.7, "trend": 142.627397, "fair_value": 159.099039, "relative_strength": -2.362306, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.426458, "energy": 36.819682, "activity_lines": [ 142.913646, 141.1116, 137.738471, 138.896964 ] }, { "date": "2023-08-25", "close": 136.090759, "volume": 2263809, "typical_volume": 4303465.9, "trend": 141.934155, "fair_value": 159.110742, "relative_strength": -3.468131, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -24.327679, "energy": 14.175076, "activity_lines": [ 140.211512, 140.736719, 137.61742, 138.475246 ] }, { "date": "2023-09-01", "close": 140.232071, "volume": 3077043, "typical_volume": 4251876.05, "trend": 141.234816, "fair_value": 159.157233, "relative_strength": -2.100831, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.054336, "energy": 15.855484, "activity_lines": [ 139.527167, 140.971421, 137.905466, 138.365434 ] }, { "date": "2023-09-08", "close": 145.034256, "volume": 2539083, "typical_volume": 4210242.7, "trend": 140.691353, "fair_value": 159.183608, "relative_strength": 1.767236, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.321523, "energy": 13.399656, "activity_lines": [ 140.978103, 141.798086, 138.694709, 138.610559 ] }, { "date": "2023-09-15", "close": 156.400833, "volume": 5033999, "typical_volume": 4251100.25, "trend": 140.448408, "fair_value": 159.267334, "relative_strength": 8.722373, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 48.88752, "energy": 41.225687, "activity_lines": [ 146.176776, 144.475924, 140.548442, 139.624074 ] }, { "date": "2023-09-22", "close": 155.475647, "volume": 3127652, "typical_volume": 3829003.35, "trend": 140.339755, "fair_value": 159.36864, "relative_strength": 9.335984, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 74.03383, "energy": 75.684831, "activity_lines": [ 150.309282, 146.627487, 142.271683, 140.593573 ] }, { "date": "2023-09-29", "close": 158.603668, "volume": 2856777, "typical_volume": 3733689.0, "trend": 140.314377, "fair_value": 159.473515, "relative_strength": 11.764145, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.602467, "energy": 85.288463, "activity_lines": [ 154.294934, 149.024165, 144.196956, 141.77189 ] }, { "date": "2023-10-06", "close": 156.092422, "volume": 3486876, "typical_volume": 3768862.6, "trend": 140.398411, "fair_value": 159.525452, "relative_strength": 9.740002, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.851292, "energy": 81.596739, "activity_lines": [ 155.942643, 150.72875, 145.752571, 142.789828 ] }, { "date": "2023-10-13", "close": 153.757446, "volume": 3309877, "typical_volume": 3790498.1, "trend": 140.720878, "fair_value": 159.601201, "relative_strength": 6.141433, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.899492, "energy": 75.157652, "activity_lines": [ 155.75467, 151.866212, 146.970421, 143.651702 ] }, { "date": "2023-10-20", "close": 145.91539, "volume": 3507070, "typical_volume": 3674494.2, "trend": 141.151389, "fair_value": 159.641496, "relative_strength": 5.997883, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.263252, "energy": 44.83881, "activity_lines": [ 152.371132, 151.408027, 147.329379, 143.986831 ] }, { "date": "2023-10-27", "close": 143.404144, "volume": 3358759, "typical_volume": 3676380.2, "trend": 141.274747, "fair_value": 159.735264, "relative_strength": 5.700177, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.19836, "energy": 21.49223, "activity_lines": [ 148.849542, 150.477231, 147.368819, 144.132171 ] }, { "date": "2023-11-03", "close": 134.945267, "volume": 10230584, "typical_volume": 3843943.3, "trend": 141.133766, "fair_value": 159.666998, "relative_strength": -3.931306, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 2.964414, "energy": 16.937171, "activity_lines": [ 143.313093, 147.903523, 146.542023, 143.723817 ] }, { "date": "2023-11-10", "close": 136.00264, "volume": 4828455, "typical_volume": 3852869.1, "trend": 140.685857, "fair_value": 159.537664, "relative_strength": -2.389045, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -24.430222, "energy": 31.42644, "activity_lines": [ 139.706328, 145.542891, 145.78383, 143.392777 ] }, { "date": "2023-11-17", "close": 146.796509, "volume": 3668641, "typical_volume": 3791941.0, "trend": 140.870894, "fair_value": 159.471108, "relative_strength": 1.539755, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.255381, "energy": 21.436577, "activity_lines": [ 141.036839, 145.22168, 146.000127, 143.787012 ] }, { "date": "2023-11-24", "close": 147.104889, "volume": 2258884, "typical_volume": 3686611.0, "trend": 140.857676, "fair_value": 159.390245, "relative_strength": 0.432593, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.895194, "energy": 17.213959, "activity_lines": [ 142.934205, 144.924496, 146.180968, 144.189205 ] }, { "date": "2023-12-01", "close": 150.32103, "volume": 3799904, "typical_volume": 3720330.1, "trend": 141.356984, "fair_value": 159.329506, "relative_strength": 1.686994, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.740757, "energy": 15.56319, "activity_lines": [ 145.824319, 145.381083, 146.618597, 144.799744 ] }, { "date": "2023-12-08", "close": 152.656021, "volume": 3444653, "typical_volume": 3629100.15, "trend": 142.072169, "fair_value": 159.300017, "relative_strength": 0.488913, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.747729, "energy": 30.454725, "activity_lines": [ 149.031637, 146.355934, 147.218395, 145.528715 ] }, { "date": "2023-12-15", "close": 159.661011, "volume": 4524604, "typical_volume": 3667521.35, "trend": 142.998826, "fair_value": 159.312471, "relative_strength": 1.882733, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.500237, "energy": 54.751689, "activity_lines": [ 153.393234, 148.712559, 148.451979, 146.663479 ] }, { "date": "2023-12-22", "close": 160.409988, "volume": 2146265, "typical_volume": 3634307.8, "trend": 144.004784, "fair_value": 159.308509, "relative_strength": 2.765726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.698769, "energy": 68.914526, "activity_lines": [ 156.427266, 151.140478, 149.702556, 147.786779 ] }, { "date": "2023-12-29", "close": 160.674332, "volume": 1598437, "typical_volume": 3593508.9, "trend": 145.059205, "fair_value": 159.303775, "relative_strength": 2.052497, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.158723, "energy": 72.867281, "activity_lines": [ 158.641848, 153.495504, 150.902155, 148.862234 ] }, { "date": "2024-01-05", "close": 155.519699, "volume": 1761358, "typical_volume": 3541136.5, "trend": 145.887468, "fair_value": 159.193959, "relative_strength": 1.347805, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.629862, "energy": 66.95337, "activity_lines": [ 158.233589, 154.644979, 151.536359, 149.537105 ] }, { "date": "2024-01-12", "close": 154.7267, "volume": 4034196, "typical_volume": 3629655.85, "trend": 146.771537, "fair_value": 159.057843, "relative_strength": 0.18009, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.303928, "energy": 45.082346, "activity_lines": [ 157.214419, 155.429991, 152.009864, 150.107378 ] }, { "date": "2024-01-19", "close": 147.457352, "volume": 2412172, "typical_volume": 3596412.3, "trend": 147.527841, "fair_value": 158.890425, "relative_strength": -1.945202, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.502526, "energy": 19.786221, "activity_lines": [ 153.634087, 154.53364, 151.702307, 150.151624 ] }, { "date": "2024-01-26", "close": 152.215454, "volume": 2556618, "typical_volume": 3597289.05, "trend": 148.162256, "fair_value": 158.797422, "relative_strength": -1.656193, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.909568, "energy": 18.178216, "activity_lines": [ 152.453367, 154.294131, 151.813497, 150.45405 ] }, { "date": "2024-02-02", "close": 157.017639, "volume": 5307902, "typical_volume": 3610984.2, "trend": 148.839259, "fair_value": 158.741122, "relative_strength": 1.660168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.896324, "energy": 20.900229, "activity_lines": [ 153.419678, 154.82922, 152.347841, 151.025366 ] }, { "date": "2024-02-09", "close": 166.754135, "volume": 6930405, "typical_volume": 3801121.85, "trend": 149.808504, "fair_value": 158.784243, "relative_strength": 8.752167, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.3618, "energy": 35.815722, "activity_lines": [ 157.875266, 156.95435, 153.806534, 152.181164 ] }, { "date": "2024-02-16", "close": 164.5513, "volume": 3890207, "typical_volume": 3852793.35, "trend": 150.438513, "fair_value": 158.818177, "relative_strength": 4.936642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.010119, "energy": 62.344007, "activity_lines": [ 160.847614, 158.38018, 155.001726, 153.132312 ] }, { "date": "2024-02-23", "close": 163.141479, "volume": 2317232, "typical_volume": 3794311.15, "trend": 150.934883, "fair_value": 158.853435, "relative_strength": 3.055153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.778379, "energy": 67.031691, "activity_lines": [ 162.695049, 159.333401, 156.034327, 153.951858 ] }, { "date": "2024-03-01", "close": 169.573746, "volume": 2759733, "typical_volume": 3766803.95, "trend": 151.773427, "fair_value": 158.924005, "relative_strength": 6.043248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.209622, "energy": 76.757027, "activity_lines": [ 165.640964, 161.392845, 157.645958, 155.154366 ] }, { "date": "2024-03-08", "close": 171.776581, "volume": 2252056, "typical_volume": 3704053.25, "trend": 152.664838, "fair_value": 158.93567, "relative_strength": 6.320743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.870321, "energy": 77.513939, "activity_lines": [ 168.163937, 163.68619, 159.392067, 156.444892 ] }, { "date": "2024-03-15", "close": 171.820633, "volume": 3751980, "typical_volume": 3723714.3, "trend": 153.804435, "fair_value": 158.938242, "relative_strength": 4.457285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.913017, "energy": 77.25154, "activity_lines": [ 169.717666, 165.785685, 161.019223, 157.680749 ] }, { "date": "2024-03-22", "close": 170.807343, "volume": 3622772, "typical_volume": 3393323.7, "trend": 154.961654, "fair_value": 158.886457, "relative_strength": 3.698294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.516397, "energy": 70.134967, "activity_lines": [ 170.595864, 167.404565, 162.414558, 158.777711 ] }, { "date": "2024-03-29", "close": 172.671432, "volume": 3598046, "typical_volume": 3331803.25, "trend": 156.042966, "fair_value": 158.853938, "relative_strength": 5.319952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.98127, "energy": 60.100207, "activity_lines": [ 171.678356, 169.069995, 163.816654, 159.920278 ] }, { "date": "2024-04-05", "close": 174.07637, "volume": 3659989, "typical_volume": 3331370.65, "trend": 157.011037, "fair_value": 158.800062, "relative_strength": 6.565495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.613212, "energy": 53.202329, "activity_lines": [ 172.59383, 170.532431, 165.17794, 161.083723 ] }, { "date": "2024-04-12", "close": 174.393616, "volume": 3991145, "typical_volume": 3417983.7, "trend": 157.610796, "fair_value": 158.723517, "relative_strength": 6.568102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.903548, "energy": 51.315235, "activity_lines": [ 173.314878, 171.655076, 166.439536, 162.20518 ] }, { "date": "2024-04-19", "close": 171.538422, "volume": 2975941, "typical_volume": 3376785.55, "trend": 158.146222, "fair_value": 158.653887, "relative_strength": 4.853935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.685688, "energy": 45.566526, "activity_lines": [ 172.909726, 171.942669, 167.299263, 163.103736 ] }, { "date": "2024-04-26", "close": 173.305908, "volume": 3180997, "typical_volume": 3363602.75, "trend": 158.636297, "fair_value": 158.583235, "relative_strength": 3.545089, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.583504, "energy": 41.881945, "activity_lines": [ 173.11255, 172.464635, 168.226286, 164.081781 ] }, { "date": "2024-05-03", "close": 178.200546, "volume": 2188047, "typical_volume": 3246774.9, "trend": 159.373234, "fair_value": 158.510509, "relative_strength": 6.901799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.034502, "energy": 47.414501, "activity_lines": [ 174.780349, 173.717361, 169.521133, 165.34399 ] }, { "date": "2024-05-10", "close": 174.302963, "volume": 5070603, "typical_volume": 3392991.8, "trend": 160.058085, "fair_value": 158.404049, "relative_strength": 0.844313, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.863625, "energy": 41.873752, "activity_lines": [ 174.780346, 173.987635, 170.356498, 166.307198 ] }, { "date": "2024-05-17", "close": 177.74733, "volume": 4976872, "typical_volume": 3561913.55, "trend": 161.119149, "fair_value": 158.320183, "relative_strength": 3.528139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.134896, "energy": 45.355049, "activity_lines": [ 175.913359, 174.798171, 171.45374, 167.44844 ] }, { "date": "2024-05-24", "close": 173.26059, "volume": 3123643, "typical_volume": 3630027.8, "trend": 162.114364, "fair_value": 158.222481, "relative_strength": -0.195731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.582859, "energy": 38.087639, "activity_lines": [ 175.327211, 174.684377, 172.042374, 168.231759 ] }, { "date": "2024-05-31", "close": 167.912766, "volume": 6514883, "typical_volume": 3754062.15, "trend": 163.213281, "fair_value": 158.071456, "relative_strength": -2.750161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.418299, "energy": 21.501806, "activity_lines": [ 172.843643, 173.57207, 172.037211, 168.605849 ] }, { "date": "2024-06-07", "close": 166.870392, "volume": 2416328, "typical_volume": 3754269.95, "trend": 164.242206, "fair_value": 157.896766, "relative_strength": -4.261734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.24146, "energy": 13.750731, "activity_lines": [ 170.372161, 172.32287, 171.869984, 168.841792 ] }, { "date": "2024-06-14", "close": 169.997513, "volume": 4494763, "typical_volume": 3851177.2, "trend": 165.015573, "fair_value": 157.78072, "relative_strength": -0.429191, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.976107, "energy": 14.131222, "activity_lines": [ 169.698396, 171.747711, 171.908134, 169.213102 ] }, { "date": "2024-06-21", "close": 177.74733, "volume": 3199497, "typical_volume": 3745756.95, "trend": 166.036987, "fair_value": 157.746773, "relative_strength": 3.223218, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.654434, "energy": 20.258043, "activity_lines": [ 171.894933, 172.65577, 172.599686, 170.034506 ] }, { "date": "2024-06-28", "close": 172.943344, "volume": 3084809, "typical_volume": 3553477.15, "trend": 166.791065, "fair_value": 157.670195, "relative_strength": 0.323984, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.2899, "energy": 11.07834, "activity_lines": [ 172.490142, 172.6294, 172.735003, 170.480077 ] }, { "date": "2024-07-05", "close": 175.164063, "volume": 3822095, "typical_volume": 3550071.55, "trend": 167.541333, "fair_value": 157.584179, "relative_strength": 1.902156, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.351436, "energy": 23.126769, "activity_lines": [ 173.84674, 172.981254, 173.052344, 171.020271 ] }, { "date": "2024-07-12", "close": 184.001587, "volume": 3632605, "typical_volume": 3615840.2, "trend": 168.352685, "fair_value": 157.531656, "relative_strength": 3.770636, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.683307, "energy": 55.077842, "activity_lines": [ 177.665759, 174.906145, 174.160817, 172.082223 ] }, { "date": "2024-07-19", "close": 190.346451, "volume": 4018503, "typical_volume": 3678778.7, "trend": 169.350567, "fair_value": 157.419968, "relative_strength": 9.583014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.049174, "energy": 68.688706, "activity_lines": [ 182.457654, 177.879175, 175.77423, 173.501175 ] }, { "date": "2024-07-26", "close": 190.437103, "volume": 3803812, "typical_volume": 3756366.5, "trend": 170.34266, "fair_value": 157.390171, "relative_strength": 9.039478, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.714996, "energy": 74.537063, "activity_lines": [ 185.92317, 180.576987, 177.297358, 174.861597 ] }, { "date": "2024-08-02", "close": 179.514847, "volume": 2562091, "typical_volume": 3696872.05, "trend": 171.142498, "fair_value": 157.271319, "relative_strength": 7.216104, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.622022, "energy": 64.424223, "activity_lines": [ 184.901949, 181.058211, 177.691411, 175.453351 ] }, { "date": "2024-08-09", "close": 180.647858, "volume": 2653810, "typical_volume": 3648423.95, "trend": 172.006536, "fair_value": 157.124735, "relative_strength": 8.027596, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.528636, "energy": 44.730449, "activity_lines": [ 183.820298, 181.631724, 178.156731, 176.0666 ] }, { "date": "2024-08-16", "close": 181.372986, "volume": 1946607, "typical_volume": 3565852.0, "trend": 173.137058, "fair_value": 156.999268, "relative_strength": 5.049823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.541451, "energy": 31.285309, "activity_lines": [ 182.614771, 182.10553, 178.644252, 176.670887 ] }, { "date": "2024-08-23", "close": 186.358246, "volume": 2313671, "typical_volume": 3498536.1, "trend": 174.275151, "fair_value": 156.903698, "relative_strength": 6.548306, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.579358, "energy": 29.377091, "activity_lines": [ 183.246236, 183.222065, 179.565123, 177.523867 ] }, { "date": "2024-08-30", "close": 187.899155, "volume": 2188671, "typical_volume": 3408412.4, "trend": 175.304535, "fair_value": 156.822638, "relative_strength": 5.666026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.216464, "energy": 34.163889, "activity_lines": [ 184.657219, 184.321296, 180.574262, 178.402835 ] }, { "date": "2024-09-06", "close": 180.965088, "volume": 1940413, "typical_volume": 3356636.0, "trend": 175.778233, "fair_value": 156.738299, "relative_strength": 6.294541, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.842189, "energy": 25.019574, "activity_lines": [ 183.926042, 183.97521, 180.858702, 178.768032 ] }, { "date": "2024-09-13", "close": 186.086319, "volume": 1752746, "typical_volume": 3285223.45, "trend": 176.496067, "fair_value": 156.723842, "relative_strength": 7.316314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.892108, "energy": 32.819643, "activity_lines": [ 184.805259, 184.414406, 181.585989, 179.43307 ] }, { "date": "2024-09-20", "close": 189.802597, "volume": 3563053, "typical_volume": 3353973.75, "trend": 177.384771, "fair_value": 156.773863, "relative_strength": 7.114736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.216974, "energy": 41.058113, "activity_lines": [ 186.560672, 185.330703, 182.606348, 180.291556 ] }, { "date": "2024-09-27", "close": 192.612473, "volume": 3398958, "typical_volume": 3270391.5, "trend": 178.152728, "fair_value": 156.864025, "relative_strength": 6.235191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.248668, "energy": 46.155303, "activity_lines": [ 188.690736, 186.652414, 183.839067, 181.273988 ] }, { "date": "2024-10-04", "close": 199.68251, "volume": 2703671, "typical_volume": 3156731.45, "trend": 179.082926, "fair_value": 157.026783, "relative_strength": 11.510726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.487538, "energy": 69.907337, "activity_lines": [ 192.760531, 189.218385, 185.657935, 182.663006 ] }, { "date": "2024-10-11", "close": 199.954422, "volume": 3442190, "typical_volume": 3172658.8, "trend": 180.020719, "fair_value": 157.170698, "relative_strength": 12.092796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.093559, "energy": 76.512808, "activity_lines": [ 196.135405, 191.665697, 187.398245, 184.009554 ] }, { "date": "2024-10-18", "close": 199.68251, "volume": 2048897, "typical_volume": 2949359.5, "trend": 180.983225, "fair_value": 157.310813, "relative_strength": 11.489908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.756487, "energy": 80.890771, "activity_lines": [ 198.153687, 193.691941, 188.985546, 185.278057 ] }, { "date": "2024-10-25", "close": 196.600693, "volume": 2568819, "typical_volume": 2956984.05, "trend": 181.780867, "fair_value": 157.449183, "relative_strength": 9.675251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.442985, "energy": 77.651907, "activity_lines": [ 198.238284, 194.811771, 190.128056, 186.285635 ] }, { "date": "2024-11-01", "close": 197.144547, "volume": 2966884, "typical_volume": 2880590.1, "trend": 182.549806, "fair_value": 157.581777, "relative_strength": 11.065106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.187113, "energy": 71.625408, "activity_lines": [ 198.050959, 195.753615, 191.180788, 187.276841 ] }, { "date": "2024-11-08", "close": 205.664795, "volume": 5122127, "typical_volume": 2976721.6, "trend": 183.592178, "fair_value": 157.741713, "relative_strength": 15.282578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.298202, "energy": 74.992649, "activity_lines": [ 200.401579, 198.048481, 192.915701, 188.76813 ] }, { "date": "2024-11-15", "close": 202.129807, "volume": 3536743, "typical_volume": 2999318.3, "trend": 184.611891, "fair_value": 157.913983, "relative_strength": 15.064679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.197827, "energy": 53.321463, "activity_lines": [ 201.17505, 199.377611, 194.181009, 189.964106 ] }, { "date": "2024-11-22", "close": 199.773132, "volume": 2881463, "typical_volume": 2952286.7, "trend": 185.494132, "fair_value": 158.119521, "relative_strength": 13.118329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.688735, "energy": 48.840116, "activity_lines": [ 201.017937, 199.893441, 195.082888, 190.942251 ] }, { "date": "2024-11-29", "close": 206.208664, "volume": 4162218, "typical_volume": 2978767.35, "trend": 186.427736, "fair_value": 158.354991, "relative_strength": 16.289229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.244022, "energy": 54.124797, "activity_lines": [ 202.99996, 201.330516, 196.480489, 192.278672 ] }, { "date": "2024-12-06", "close": 213.188034, "volume": 2436152, "typical_volume": 2899649.8, "trend": 187.723905, "fair_value": 158.573445, "relative_strength": 15.119059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.460663, "energy": 60.544427, "activity_lines": [ 206.667909, 203.738276, 198.437043, 194.005143 ] }, { "date": "2024-12-13", "close": 214.547653, "volume": 2259261, "typical_volume": 2822422.25, "trend": 188.950582, "fair_value": 158.805246, "relative_strength": 17.933579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.771216, "energy": 70.857449, "activity_lines": [ 209.719498, 206.019138, 200.414316, 195.735708 ] }, { "date": "2024-12-20", "close": 208.021484, "volume": 2824759, "typical_volume": 2835555.65, "trend": 190.109279, "fair_value": 158.955587, "relative_strength": 17.594098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.450801, "energy": 65.6352, "activity_lines": [ 210.003506, 206.843149, 201.655237, 196.966088 ] }, { "date": "2024-12-27", "close": 210.468781, "volume": 571247, "typical_volume": 2731427.5, "trend": 191.527813, "fair_value": 159.099486, "relative_strength": 17.680397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.967846, "energy": 63.45005, "activity_lines": [ 210.710502, 207.965449, 202.993487, 198.279605 ] }, { "date": "2025-01-03", "close": 216.269836, "volume": 1307287, "typical_volume": 2699461.5, "trend": 193.174461, "fair_value": 159.285717, "relative_strength": 19.276025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.342847, "energy": 62.131438, "activity_lines": [ 212.63814, 209.946372, 204.742215, 199.875864 ] }, { "date": "2025-01-10", "close": 206.933792, "volume": 2186587, "typical_volume": 2693107.3, "trend": 194.40567, "fair_value": 159.392547, "relative_strength": 13.078801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.716502, "energy": 44.127097, "activity_lines": [ 210.783018, 209.872211, 205.43562, 200.763563 ] }, { "date": "2025-01-17", "close": 212.100342, "volume": 2156564, "typical_volume": 2691501.95, "trend": 195.550771, "fair_value": 159.559256, "relative_strength": 11.256158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.454629, "energy": 42.397706, "activity_lines": [ 211.067029, 210.559438, 206.523099, 201.905155 ] }, { "date": "2025-01-24", "close": 221.798935, "volume": 4024549, "typical_volume": 2795708.75, "trend": 197.17929, "fair_value": 159.807691, "relative_strength": 13.498385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.391753, "energy": 50.834973, "activity_lines": [ 214.747058, 212.893034, 208.41901, 203.598585 ] }, { "date": "2025-01-31", "close": 215.725998, "volume": 4921785, "typical_volume": 2954160.7, "trend": 198.531355, "fair_value": 159.956986, "relative_strength": 9.939359, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.24854, "energy": 41.936148, "activity_lines": [ 215.484278, 213.76484, 209.542098, 204.795146 ] }, { "date": "2025-02-07", "close": 231.497543, "volume": 4827956, "typical_volume": 3017405.85, "trend": 200.114553, "fair_value": 160.197602, "relative_strength": 18.829751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.20981, "energy": 60.958979, "activity_lines": [ 221.128199, 217.214148, 212.026098, 206.921997 ] }, { "date": "2025-02-14", "close": 235.848343, "volume": 3949806, "typical_volume": 3044948.25, "trend": 201.631283, "fair_value": 160.500074, "relative_strength": 17.057684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.912431, "energy": 82.710992, "activity_lines": [ 227.207206, 220.994712, 214.725912, 209.227403 ] }, { "date": "2025-02-21", "close": 226.693573, "volume": 3742423, "typical_volume": 3096885.85, "trend": 202.839832, "fair_value": 160.848845, "relative_strength": 11.743451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.775067, "energy": 71.761816, "activity_lines": [ 228.306986, 222.698767, 216.347957, 210.844325 ] }, { "date": "2025-02-28", "close": 230.95369, "volume": 4279374, "typical_volume": 3138745.05, "trend": 204.55446, "fair_value": 161.300575, "relative_strength": 13.360345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.859765, "energy": 75.492491, "activity_lines": [ 229.853924, 224.956554, 218.247105, 212.658122 ] }, { "date": "2025-03-07", "close": 228.234467, "volume": 3241147, "typical_volume": 3198357.55, "trend": 206.140681, "fair_value": 161.609305, "relative_strength": 11.422825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.370558, "energy": 59.31464, "activity_lines": [ 229.884136, 226.302987, 219.739663, 214.185865 ] }, { "date": "2025-03-14", "close": 222.433426, "volume": 3758549, "typical_volume": 3257844.05, "trend": 207.509362, "fair_value": 161.861808, "relative_strength": 10.060566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.042766, "energy": 39.953447, "activity_lines": [ 227.14677, 226.271673, 220.543779, 215.237009 ] }, { "date": "2025-03-21", "close": 220.983185, "volume": 3461651, "typical_volume": 3282582.4, "trend": 208.663526, "fair_value": 162.15133, "relative_strength": 11.075864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.001906, "energy": 29.1429, "activity_lines": [ 224.530266, 225.864614, 221.086764, 216.106288 ] }, { "date": "2025-03-28", "close": 205.392899, "volume": 3426036, "typical_volume": 3197777.85, "trend": 209.246651, "fair_value": 162.321511, "relative_strength": 6.429058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.835887, "energy": 13.930137, "activity_lines": [ 217.708009, 222.367514, 220.031443, 215.89528 ] }, { "date": "2025-04-04", "close": 187.717865, "volume": 4546398, "typical_volume": 3248260.6, "trend": 209.471744, "fair_value": 162.410145, "relative_strength": 7.789671, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -40.539009, "energy": 38.812249, "activity_lines": [ 206.41412, 215.778725, 217.294079, 214.506326 ] }, { "date": "2025-04-11", "close": 186.6483, "volume": 5757139, "typical_volume": 3392044.4, "trend": 209.490477, "fair_value": 162.530407, "relative_strength": 7.293469, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -41.396252, "energy": 52.340538, "activity_lines": [ 197.646097, 209.615125, 214.523481, 213.033846 ] }, { "date": "2025-04-18", "close": 196.944183, "volume": 1609386, "typical_volume": 3264402.8, "trend": 209.728529, "fair_value": 162.728241, "relative_strength": 9.050977, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.83, "energy": 55.58152, "activity_lines": [ 195.082446, 205.852189, 212.795942, 212.224408 ] }, { "date": "2025-04-25", "close": 203.934036, "volume": 2014024, "typical_volume": 3243296.4, "trend": 210.105915, "fair_value": 163.015285, "relative_strength": 9.154302, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.108923, "energy": 59.596334, "activity_lines": [ 196.548029, 203.988379, 211.77822, 211.850569 ] }, { "date": "2025-05-02", "close": 214.041016, "volume": 2254907, "typical_volume": 3243078.7, "trend": 210.584532, "fair_value": 163.467768, "relative_strength": 12.438324, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.225744, "energy": 26.232662, "activity_lines": [ 202.519216, 204.542461, 211.767134, 212.104447 ] }, { "date": "2025-05-09", "close": 212.529694, "volume": 3841282, "typical_volume": 3293904.85, "trend": 211.003707, "fair_value": 163.905719, "relative_strength": 11.694686, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.512999, "energy": 8.391964, "activity_lines": [ 207.410087, 205.051805, 211.614526, 212.229941 ] }, { "date": "2025-05-16", "close": 222.447739, "volume": 4116270, "typical_volume": 3471156.0, "trend": 211.762548, "fair_value": 164.436043, "relative_strength": 12.007911, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.41092, "energy": 23.065257, "activity_lines": [ 213.952852, 207.69941, 212.385025, 212.968266 ] }, { "date": "2025-05-23", "close": 219.047256, "volume": 3129518, "typical_volume": 3562267.55, "trend": 212.510767, "fair_value": 164.923308, "relative_strength": 12.544937, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.719175, "energy": 25.508935, "activity_lines": [ 216.975492, 209.83396, 212.774626, 213.438247 ] }, { "date": "2025-05-30", "close": 215.268951, "volume": 3900601, "typical_volume": 3647968.25, "trend": 213.114914, "fair_value": 165.382855, "relative_strength": 9.290666, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.01223, "energy": 21.394213, "activity_lines": [ 217.26516, 211.343111, 212.791163, 213.616194 ] }, { "date": "2025-06-06", "close": 219.330627, "volume": 2544033, "typical_volume": 3667341.7, "trend": 213.570442, "fair_value": 165.90154, "relative_strength": 9.603489, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.040333, "energy": 25.196584, "activity_lines": [ 218.153059, 213.694645, 213.154835, 214.017208 ] }, { "date": "2025-06-13", "close": 216.11908, "volume": 2885571, "typical_volume": 3610392.8, "trend": 214.036751, "fair_value": 166.431125, "relative_strength": 10.142662, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.978034, "energy": 18.666265, "activity_lines": [ 217.617801, 215.208847, 213.178216, 214.181636 ] }, { "date": "2025-06-20", "close": 209.129211, "volume": 5627983, "typical_volume": 3645702.7, "trend": 214.34862, "fair_value": 166.961652, "relative_strength": 6.701699, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.846482, "energy": 6.806876, "activity_lines": [ 214.513294, 214.935778, 212.562941, 213.865021 ] }, { "date": "2025-06-27", "close": 213.663177, "volume": 3298423, "typical_volume": 3569226.05, "trend": 214.597104, "fair_value": 167.496754, "relative_strength": 5.990538, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.647823, "energy": 4.00011, "activity_lines": [ 213.808012, 215.078323, 212.410886, 213.820799 ] }, { "date": "2025-07-04", "close": 208.279099, "volume": 4817611, "typical_volume": 3612616.3, "trend": 214.433473, "fair_value": 167.962089, "relative_strength": 2.705059, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.015329, "energy": 20.664366, "activity_lines": [ 211.666975, 213.937964, 211.830987, 213.413185 ] }, { "date": "2025-07-11", "close": 212.813065, "volume": 2031530, "typical_volume": 3527071.65, "trend": 214.375653, "fair_value": 168.491203, "relative_strength": 3.263524, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.018859, "energy": 20.578137, "activity_lines": [ 211.50325, 213.54296, 211.814177, 213.308643 ] }, { "date": "2025-07-18", "close": 216.213531, "volume": 3008430, "typical_volume": 3463524.45, "trend": 214.648721, "fair_value": 168.953845, "relative_strength": 4.57603, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.683171, "energy": 12.164314, "activity_lines": [ 212.907518, 213.788549, 212.187318, 213.427216 ] }, { "date": "2025-07-25", "close": 218.480515, "volume": 2403800, "typical_volume": 3421657.1, "trend": 214.915779, "fair_value": 169.426443, "relative_strength": 3.011732, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.657384, "energy": 7.395796, "activity_lines": [ 215.061151, 214.379339, 212.846554, 213.674428 ] }, { "date": "2025-08-01", "close": 212.435226, "volume": 2378274, "typical_volume": 3352643.35, "trend": 214.787959, "fair_value": 169.902542, "relative_strength": 2.767579, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.84932, "energy": 10.392459, "activity_lines": [ 214.576267, 213.943116, 212.976495, 213.514393 ] }, { "date": "2025-08-08", "close": 221.975449, "volume": 1703590, "typical_volume": 3264740.3, "trend": 215.289347, "fair_value": 170.405617, "relative_strength": 4.230235, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.987416, "energy": 28.172279, "activity_lines": [ 217.353321, 215.361698, 214.062639, 213.978102 ] }, { "date": "2025-08-15", "close": 230.476639, "volume": 3183699, "typical_volume": 3252623.45, "trend": 215.901891, "fair_value": 170.972876, "relative_strength": 6.284534, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.520187, "energy": 54.095899, "activity_lines": [ 222.051015, 218.204014, 215.953696, 214.957927 ] }, { "date": "2025-08-22", "close": 230.004349, "volume": 2861051, "typical_volume": 3168356.1, "trend": 216.175404, "fair_value": 171.602233, "relative_strength": 3.83899, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.246521, "energy": 60.514464, "activity_lines": [ 225.413708, 220.757805, 217.680326, 215.867763 ] }, { "date": "2025-08-29", "close": 221.786545, "volume": 3101373, "typical_volume": 3035567.8, "trend": 216.377423, "fair_value": 172.169224, "relative_strength": 2.267583, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.205932, "energy": 56.034622, "activity_lines": [ 225.117744, 221.56499, 218.422944, 216.229772 ] }, { "date": "2025-09-05", "close": 217.913773, "volume": 2638038, "typical_volume": 3087000.4, "trend": 215.92463, "fair_value": 172.716503, "relative_strength": 0.211639, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.099075, "energy": 54.688171, "activity_lines": [ 223.310455, 221.437902, 218.629401, 216.328891 ] }, { "date": "2025-09-12", "close": 227.642914, "volume": 2363423, "typical_volume": 3104470.35, "trend": 215.651116, "fair_value": 173.345794, "relative_strength": 4.034309, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.239675, "energy": 39.756238, "activity_lines": [ 224.380976, 223.002465, 219.662589, 217.08491 ] }, { "date": "2025-09-19", "close": 226.603867, "volume": 2904709, "typical_volume": 3136960.45, "trend": 215.648126, "fair_value": 174.035703, "relative_strength": 2.83959, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.050301, "energy": 33.05294, "activity_lines": [ 224.727317, 224.02604, 220.483919, 217.791539 ] }, { "date": "2025-09-26", "close": 226.603867, "volume": 2375832, "typical_volume": 3063687.95, "trend": 215.503132, "fair_value": 174.737454, "relative_strength": 2.60758, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.163973, "energy": 33.906958, "activity_lines": [ 225.331842, 224.798874, 221.245427, 218.498361 ] }, { "date": "2025-10-03", "close": 231.610123, "volume": 2987628, "typical_volume": 3007255.85, "trend": 215.615654, "fair_value": 175.487982, "relative_strength": 1.441735, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.354211, "energy": 50.790008, "activity_lines": [ 227.831819, 226.293021, 222.416701, 219.537522 ] }, { "date": "2025-10-10", "close": 250.312744, "volume": 5565489, "typical_volume": 3129054.4, "trend": 216.544964, "fair_value": 176.324489, "relative_strength": 10.117565, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.360792, "energy": 77.462884, "activity_lines": [ 235.911097, 230.948925, 225.325547, 221.776043 ] }, { "date": "2025-10-17", "close": 246.156616, "volume": 3969493, "typical_volume": 3132499.0, "trend": 217.384079, "fair_value": 177.113094, "relative_strength": 8.183044, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.973616, "energy": 81.450692, "activity_lines": [ 240.445068, 234.160486, 227.689688, 223.686473 ] }, { "date": "2025-10-24", "close": 251.918533, "volume": 3446164, "typical_volume": 3177605.55, "trend": 218.934933, "fair_value": 177.800039, "relative_strength": 6.963651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.678678, "energy": 87.889794, "activity_lines": [ 245.665432, 237.980012, 230.455499, 225.914502 ] }, { "date": "2025-10-31", "close": 245.212036, "volume": 2742354, "typical_volume": 3170444.7, "trend": 220.851405, "fair_value": 178.462563, "relative_strength": 4.587572, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.874304, "energy": 83.060992, "activity_lines": [ 246.962651, 240.190321, 232.427415, 227.609799 ] }, { "date": "2025-11-07", "close": 228.681946, "volume": 4494629, "typical_volume": 3113777.0, "trend": 222.252527, "fair_value": 178.931661, "relative_strength": -1.324648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.987997, "energy": 49.041072, "activity_lines": [ 241.509297, 239.118657, 232.686499, 228.114995 ] }, { "date": "2025-11-14", "close": 235.671814, "volume": 3730339, "typical_volume": 3135372.8, "trend": 223.543448, "fair_value": 179.467634, "relative_strength": 0.692904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.245212, "energy": 34.971665, "activity_lines": [ 238.58111, 239.192506, 233.518176, 228.980756 ] }, { "date": "2025-11-21", "close": 226.414963, "volume": 3332706, "typical_volume": 3061127.55, "trend": 224.292812, "fair_value": 179.989749, "relative_strength": -1.290598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.424995, "energy": 20.542368, "activity_lines": [ 233.543368, 237.260418, 233.363446, 229.166015 ] }, { "date": "2025-11-28", "close": 228.776398, "volume": 5744456, "typical_volume": 3246773.85, "trend": 224.783992, "fair_value": 180.540188, "relative_strength": -3.425289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.468384, "energy": 24.51955, "activity_lines": [ 230.608881, 235.780009, 233.347253, 229.455278 ] }, { "date": "2025-12-05", "close": 234.066025, "volume": 3408794, "typical_volume": 3266792.05, "trend": 225.501869, "fair_value": 181.133146, "relative_strength": -2.578174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.614115, "energy": 19.808576, "activity_lines": [ 230.980412, 235.221849, 233.758818, 230.054119 ] }, { "date": "2025-12-12", "close": 234.538315, "volume": 3125938, "typical_volume": 3302898.95, "trend": 225.904888, "fair_value": 181.752008, "relative_strength": -2.17003, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.186936, "energy": 17.687714, "activity_lines": [ 232.252441, 234.613884, 234.130351, 230.637116 ] }, { "date": "2025-12-19", "close": 236.144089, "volume": 4253398, "typical_volume": 3396655.15, "trend": 226.474783, "fair_value": 182.376587, "relative_strength": -2.181596, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.352117, "energy": 11.010268, "activity_lines": [ 233.669303, 234.244639, 234.578349, 231.297709 ] }, { "date": "2025-12-26", "close": 237.466492, "volume": 991849, "typical_volume": 3361068.1, "trend": 227.214701, "fair_value": 183.01072, "relative_strength": -1.877801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.193699, "energy": 21.989879, "activity_lines": [ 235.495481, 234.373442, 235.039391, 232.006852 ] }, { "date": "2026-01-02", "close": 243.51178, "volume": 1735324, "typical_volume": 3288649.35, "trend": 228.020739, "fair_value": 183.650504, "relative_strength": -0.464906, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.521855, "energy": 36.135996, "activity_lines": [ 238.599986, 235.759391, 236.002408, 233.058276 ] }, { "date": "2026-01-09", "close": 253.146469, "volume": 3670950, "typical_volume": 3329144.3, "trend": 229.254986, "fair_value": 184.279924, "relative_strength": 0.153446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.029555, "energy": 71.527956, "activity_lines": [ 243.933696, 239.049952, 237.820942, 234.679291 ] }, { "date": "2026-01-16", "close": 262.025482, "volume": 3798095, "typical_volume": 3363980.4, "trend": 231.018195, "fair_value": 184.971644, "relative_strength": 1.34757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.224595, "energy": 86.631921, "activity_lines": [ 250.955047, 243.810616, 240.374896, 236.793517 ] }, { "date": "2026-01-23", "close": 255.035629, "volume": 3048328, "typical_volume": 3384494.9, "trend": 232.397276, "fair_value": 185.600795, "relative_strength": -0.557426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.176029, "energy": 81.204736, "activity_lines": [ 253.813969, 246.694151, 242.071536, 238.343028 ] }, { "date": "2026-01-30", "close": 255.885742, "volume": 3233333, "typical_volume": 3427990.4, "trend": 233.984165, "fair_value": 186.207677, "relative_strength": -0.737026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.010846, "energy": 81.189723, "activity_lines": [ 255.696826, 249.380184, 243.672368, 239.858413 ] }, { "date": "2026-02-06", "close": 257.113708, "volume": 5202226, "typical_volume": 3542866.25, "trend": 235.460853, "fair_value": 186.821623, "relative_strength": -3.145467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.424386, "energy": 79.49775, "activity_lines": [ 256.761055, 251.75365, 245.25566, 241.350642 ] }, { "date": "2026-02-13", "close": 250.690567, "volume": 5298021, "typical_volume": 3688975.7, "trend": 236.610087, "fair_value": 187.379324, "relative_strength": -5.406268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.802955, "energy": 50.604731, "activity_lines": [ 254.777442, 252.444049, 246.081939, 242.333204 ] }, { "date": "2026-02-20", "close": 261.553192, "volume": 4198180, "typical_volume": 3749503.3, "trend": 238.045843, "fair_value": 188.038413, "relative_strength": -3.169639, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.491619, "energy": 54.905183, "activity_lines": [ 256.578431, 254.807206, 247.828055, 243.942437 ] }, { "date": "2026-02-27", "close": 262.592224, "volume": 3962995, "typical_volume": 3669378.6, "trend": 239.717743, "fair_value": 188.700126, "relative_strength": -3.989311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.431632, "energy": 55.280103, "activity_lines": [ 258.75725, 256.868099, 249.53054, 245.526074 ] }, { "date": "2026-03-06", "close": 247.006729, "volume": 4967011, "typical_volume": 3719254.5, "trend": 240.552119, "fair_value": 189.29907, "relative_strength": -4.162243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.620738, "energy": 34.769008, "activity_lines": [ 255.237131, 255.61439, 249.690219, 245.996331 ] }, { "date": "2026-03-13", "close": 242.756134, "volume": 3562381, "typical_volume": 3725065.35, "trend": 240.961435, "fair_value": 189.931588, "relative_strength": -5.138813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.346677, "energy": 20.559802, "activity_lines": [ 250.892081, 253.414387, 249.441031, 246.138526 ] }, { "date": "2026-03-20", "close": 229.154236, "volume": 3996904, "typical_volume": 3787792.85, "trend": 240.933098, "fair_value": 190.547961, "relative_strength": -5.552428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.515625, "energy": 17.907183, "activity_lines": [ 242.970236, 248.75505, 247.940055, 245.376771 ] }, { "date": "2026-03-27", "close": 232.460251, "volume": 3560454, "typical_volume": 3741084.1, "trend": 241.288889, "fair_value": 191.142556, "relative_strength": -4.172558, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.07142, "energy": 35.09923, "activity_lines": [ 237.586152, 245.133029, 246.830403, 244.830136 ] }, { "date": "2026-04-03", "close": 239.399994, "volume": 5567857, "typical_volume": 3832960.0, "trend": 242.005096, "fair_value": 191.785026, "relative_strength": -4.669154, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.91251, "energy": 31.876861, "activity_lines": [ 236.454845, 243.31033, 246.363687, 244.708272 ] }, { "date": "2026-04-10", "close": 255.899994, "volume": 3924245, "typical_volume": 3862536.95, "trend": 242.946999, "fair_value": 192.467462, "relative_strength": -2.831438, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 2.722423, "energy": 15.435645, "activity_lines": [ 242.369687, 244.771915, 247.450646, 245.604717 ] }, { "date": "2026-04-17", "close": 263.200012, "volume": 4760791, "typical_volume": 3813353.7, "trend": 244.16687, "fair_value": 193.249223, "relative_strength": -2.308168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.607445, "energy": 24.619655, "activity_lines": [ 250.124984, 247.560516, 249.09244, 246.911363 ] }, { "date": "2026-04-24", "close": 250.699997, "volume": 2981300, "typical_volume": 3791979.0, "trend": 244.970074, "fair_value": 193.910752, "relative_strength": -4.446646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.480683, "energy": 28.273395, "activity_lines": [ 252.350684, 247.965728, 249.379835, 247.332855 ] }, { "date": "2026-05-01", "close": 247.5, "volume": 2264378, "typical_volume": 3748901.0, "trend": 245.499737, "fair_value": 194.629715, "relative_strength": -4.283588, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.027983, "energy": 29.721856, "activity_lines": [ 252.073334, 247.78895, 249.283259, 247.496076 ] }, { "date": "2026-05-08", "close": 250.899994, "volume": 5608276, "typical_volume": 3816644.9, "trend": 245.519312, "fair_value": 195.397019, "relative_strength": -3.271903, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.367442, "energy": 24.993674, "activity_lines": [ 251.926665, 248.485866, 249.448769, 247.844479 ] }, { "date": "2026-05-15", "close": 243.199997, "volume": 2988862, "typical_volume": 3916495.55, "trend": 245.420758, "fair_value": 196.110729, "relative_strength": -4.931105, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.993791, "energy": 8.174445, "activity_lines": [ 248.446664, 247.995369, 248.81068, 247.694846 ] }, { "date": "2026-05-22", "close": 248.0, "volume": 3920047, "typical_volume": 4025731.7, "trend": 245.29014, "fair_value": 196.865657, "relative_strength": -6.231103, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.254176, "energy": 9.256738, "activity_lines": [ 247.413331, 248.446812, 248.602432, 247.861249 ] }, { "date": "2026-05-29", "close": 250.399994, "volume": 4535112, "typical_volume": 4068939.8, "trend": 245.463072, "fair_value": 197.643595, "relative_strength": -4.940834, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.938543, "energy": 12.254426, "activity_lines": [ 248.19333, 249.239275, 248.601382, 248.190917 ] }, { "date": "2026-06-05", "close": 245.199997, "volume": 749791, "typical_volume": 3916524.6, "trend": 246.013674, "fair_value": 198.37775, "relative_strength": -6.088386, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.691985, "energy": 8.18181, "activity_lines": [ 247.259997, 248.699998, 248.118173, 248.173944 ] }, { "date": "2026-06-12", "close": 240.199997, "volume": 843117, "typical_volume": 3806264.05, "trend": 246.164613, "fair_value": 199.095669, "relative_strength": -7.692618, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.283828, "energy": 22.077488, "activity_lines": [ 244.81333, 247.019997, 247.238894, 247.798868 ] }, { "date": "2026-06-19", "close": 253.899994, "volume": 4678068, "typical_volume": 3878500.8, "trend": 247.080781, "fair_value": 199.923436, "relative_strength": -4.302281, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.284976, "energy": 10.604595, "activity_lines": [ 247.646662, 247.81636, 247.735024, 248.297925 ] }, { "date": "2026-06-26", "close": 258.799988, "volume": 524209, "typical_volume": 3644599.95, "trend": 248.081567, "fair_value": 200.728673, "relative_strength": -1.607064, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.465354, "energy": 28.800834, "activity_lines": [ 251.399993, 249.539995, 248.707275, 249.054003 ] }, { "date": "2026-07-03", "close": 267.600006, "volume": 732513, "typical_volume": 3416324.55, "trend": 249.199367, "fair_value": 201.567728, "relative_strength": -1.179393, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.382995, "energy": 59.616927, "activity_lines": [ 257.366664, 252.943633, 250.509593, 250.313257 ] }, { "date": "2026-07-10", "close": 253.600006, "volume": 2690599, "typical_volume": 3340945.5, "trend": 249.834756, "fair_value": 202.310825, "relative_strength": -4.224312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.535608, "energy": 54.703663, "activity_lines": [ 257.52, 253.494544, 250.898057, 250.597169 ] }, { "date": "2026-07-17", "close": 255.100006, "volume": 5060675, "typical_volume": 3395829.5, "trend": 250.46662, "fair_value": 203.012421, "relative_strength": -2.627439, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.218135, "energy": 56.282858, "activity_lines": [ 257.613336, 254.207273, 251.46725, 250.936863 ] }, { "date": "2026-07-24", "close": 264.399994, "volume": 3267884, "typical_volume": 3310873.15, "trend": 251.364404, "fair_value": 203.75697, "relative_strength": -0.711891, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.739383, "energy": 61.844358, "activity_lines": [ 259.813334, 256.534545, 252.957834, 251.83579 ] }, { "date": "2026-07-31", "close": 266.700012, "volume": 3261782, "typical_volume": 3295843.2, "trend": 252.137345, "fair_value": 204.540833, "relative_strength": -1.268186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.506649, "energy": 53.652893, "activity_lines": [ 262.080005, 258.894547, 254.584641, 252.825184 ] }, { "date": "2026-08-07", "close": 270.299988, "volume": 2530611, "typical_volume": 3222528.55, "trend": 252.709129, "fair_value": 205.343818, "relative_strength": -1.828438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.323742, "energy": 68.400347, "activity_lines": [ 265.019999, 261.56909, 256.440286, 253.996968 ] } ], "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." } } }