{ "ticker": { "uuid": "2ceff20a-700c-4d76-9c6a-2f4d1a3530f0", "symbol": "GFL", "name": "GFL Environmental Inc.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 73.893, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 29.135, "architecture_energy": 46.244, "architecture_maturity": 7.023, "architecture_confidence": 57.476, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 28.6, "rotation_up": 69.41, "upward_expansion": 55.64, "deceleration": 14.62, "rotation_down": 15.11, "downward_expansion": 23.64 }, "activity_lines": [ 56.972399, 55.726139, 53.869121, 54.402036 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 57.599998, "trend_reference": 55.502374, "distance_from_trend": 0.037793, "trend_direction": "Weakening", "fair_value": 56.046922, "distance_from_fair_value": 0.02771, "fair_value_direction": "Improving", "relative_strength": -13.602275, "relative_strength_direction": "Improving", "price_momentum": -0.007198, "excess_performance": -0.127619, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.037793, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.038378, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.02771, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.124112, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.136023, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.155864, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.007198, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.732653, "read": "Supply-led" } ], "volume": { "latest": 2940800, "relative_activity": 0.947613, "balance": 0.732653, "dry_up": 1.238982, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.059951, "annualized_volatility": 0.37161, "from_high_reference": -0.189337, "from_low_reference": 0.245675 }, "levels": { "trend_reference": 55.502374, "fair_value_reference": 56.046922, "structural_low": 46.240002, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": -0.019393, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.001119, "regime_survival": 0.0, "best_return": 0.065102, "worst_return": -0.103888, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.007981, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.013473, "regime_survival": 0.0, "best_return": 0.045239, "worst_return": -0.029277, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.188499, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.148465, "regime_survival": 0.0, "best_return": 0.215334, "worst_return": 0.161665, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.288018, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.153333, "regime_survival": 0.0, "best_return": 0.343371, "worst_return": 0.232665, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-29", "end": "2023-12-29", "tenure": "Established", "return": 0.060268, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-05", "end": "2024-01-19", "tenure": "New", "return": 0.048792, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-26", "end": "2024-02-16", "tenure": "New", "return": 0.103853, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-23", "end": "2024-03-15", "tenure": "New", "return": -0.049272, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-22", "end": "2024-05-17", "tenure": "Developing", "return": -0.096909, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": 0.227508, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-09-20", "tenure": "Established", "return": 0.015426, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-27", "end": "2024-10-18", "tenure": "New", "return": 0.074723, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-01-10", "tenure": "Developing", "return": 0.144935, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": 0.089843, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-06-27", "tenure": "Established", "return": 0.032454, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-09-26", "tenure": "Established", "return": -0.00106, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2026-07-24", "tenure": "Extended", "return": -0.137904, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.00501, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 45.91798, "volume": 1441700, "typical_volume": 1701170.0, "trend": 46.492543, "fair_value": 40.207038, "relative_strength": 8.424356, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.620087, "energy": 53.810284, "activity_lines": [ 45.181568, 46.744226, 47.894222, 47.535149 ] }, { "date": "2023-08-25", "close": 43.786434, "volume": 1081600, "typical_volume": 1712165.0, "trend": 46.560267, "fair_value": 40.331535, "relative_strength": 2.96516, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.576984, "energy": 60.857991, "activity_lines": [ 44.537456, 46.023809, 47.477953, 47.360561 ] }, { "date": "2023-09-01", "close": 43.975689, "volume": 1310100, "typical_volume": 1723215.0, "trend": 46.62866, "fair_value": 40.455021, "relative_strength": -0.335162, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.677047, "energy": 57.972941, "activity_lines": [ 44.320983, 45.432569, 47.088993, 47.193814 ] }, { "date": "2023-09-08", "close": 43.90596, "volume": 608900, "typical_volume": 1700545.0, "trend": 46.684111, "fair_value": 40.564207, "relative_strength": 1.664333, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.182563, "energy": 42.917355, "activity_lines": [ 44.176223, 44.907665, 46.70356, 47.018156 ] }, { "date": "2023-09-15", "close": 45.479725, "volume": 1085000, "typical_volume": 1675010.0, "trend": 46.81425, "fair_value": 40.668296, "relative_strength": 2.235907, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.326164, "energy": 34.126259, "activity_lines": [ 44.562692, 44.801864, 46.483204, 46.940454 ] }, { "date": "2023-09-22", "close": 44.204781, "volume": 1209100, "typical_volume": 1648425.0, "trend": 46.900233, "fair_value": 40.77692, "relative_strength": 3.305518, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.695086, "energy": 40.068527, "activity_lines": [ 44.426566, 44.561545, 46.158181, 46.772101 ] }, { "date": "2023-09-29", "close": 42.959705, "volume": 1265500, "typical_volume": 1609085.0, "trend": 46.911867, "fair_value": 40.862249, "relative_strength": 1.337391, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.586699, "energy": 44.899454, "activity_lines": [ 43.989629, 44.191556, 45.729962, 46.517874 ] }, { "date": "2023-10-06", "close": 44.334255, "volume": 1124900, "typical_volume": 1588995.0, "trend": 46.91557, "fair_value": 40.961282, "relative_strength": 5.729235, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.476533, "energy": 35.667533, "activity_lines": [ 44.06599, 44.18594, 45.470134, 46.351576 ] }, { "date": "2023-10-13", "close": 41.263969, "volume": 872600, "typical_volume": 1539050.0, "trend": 46.79636, "fair_value": 41.039217, "relative_strength": -2.959727, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.721058, "energy": 53.940316, "activity_lines": [ 43.095018, 43.641469, 44.945609, 45.986957 ] }, { "date": "2023-10-20", "close": 41.064663, "volume": 1009200, "typical_volume": 1344570.0, "trend": 46.683446, "fair_value": 41.115494, "relative_strength": -1.908584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.567583, "energy": 65.845758, "activity_lines": [ 42.233743, 43.110607, 44.441969, 45.61717 ] }, { "date": "2023-10-27", "close": 38.952141, "volume": 1254000, "typical_volume": 1341450.0, "trend": 46.435749, "fair_value": 41.202766, "relative_strength": -5.265586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.145842, "energy": 82.807479, "activity_lines": [ 40.962632, 42.249303, 43.780559, 45.118376 ] }, { "date": "2023-11-03", "close": 40.735828, "volume": 1675500, "typical_volume": 1277090.0, "trend": 46.269074, "fair_value": 41.283546, "relative_strength": -6.634142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.264456, "energy": 78.070319, "activity_lines": [ 40.636259, 41.838956, 43.339139, 44.750639 ] }, { "date": "2023-11-10", "close": 39.490238, "volume": 1035900, "typical_volume": 1291425.0, "trend": 46.04838, "fair_value": 41.345725, "relative_strength": -8.827007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.18911, "energy": 76.828735, "activity_lines": [ 40.042948, 41.257605, 42.818439, 44.313295 ] }, { "date": "2023-11-17", "close": 41.214138, "volume": 828800, "typical_volume": 1272400.0, "trend": 45.852292, "fair_value": 41.393527, "relative_strength": -7.466465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.083515, "energy": 57.815033, "activity_lines": [ 40.347205, 41.071243, 42.503973, 44.001408 ] }, { "date": "2023-11-24", "close": 39.898792, "volume": 643200, "typical_volume": 1270540.0, "trend": 45.548966, "fair_value": 41.411856, "relative_strength": -10.177474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.69053, "energy": 49.609803, "activity_lines": [ 40.216335, 40.69467, 42.111878, 43.617311 ] }, { "date": "2023-12-01", "close": 39.779209, "volume": 1882100, "typical_volume": 1285310.0, "trend": 45.293762, "fair_value": 41.436156, "relative_strength": -11.991498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.088674, "energy": 45.424565, "activity_lines": [ 40.123329, 40.397826, 41.760451, 43.245069 ] }, { "date": "2023-12-08", "close": 38.513695, "volume": 1258200, "typical_volume": 1304415.0, "trend": 44.883196, "fair_value": 41.45673, "relative_strength": -14.264594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.978786, "energy": 47.188815, "activity_lines": [ 39.553347, 39.951354, 41.334901, 42.807645 ] }, { "date": "2023-12-15", "close": 43.76511, "volume": 2439600, "typical_volume": 1313420.0, "trend": 44.670247, "fair_value": 41.511985, "relative_strength": -3.637108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.151184, "energy": 24.101008, "activity_lines": [ 40.881979, 40.54052, 41.460634, 42.735511 ] }, { "date": "2023-12-22", "close": 44.044117, "volume": 892800, "typical_volume": 1219910.0, "trend": 44.483857, "fair_value": 41.564578, "relative_strength": -4.785615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.602834, "energy": 13.950108, "activity_lines": [ 42.018621, 41.190764, 41.620724, 42.695115 ] }, { "date": "2023-12-29", "close": 45.548798, "volume": 474000, "typical_volume": 1169635.0, "trend": 44.329368, "fair_value": 41.62065, "relative_strength": -2.017865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.650854, "energy": 19.054473, "activity_lines": [ 43.468159, 42.064037, 41.923934, 42.763821 ] }, { "date": "2024-01-05", "close": 43.037685, "volume": 856600, "typical_volume": 1140380.0, "trend": 44.11474, "fair_value": 41.654841, "relative_strength": -7.267328, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.255751, "energy": 23.352577, "activity_lines": [ 43.703992, 42.399215, 41.980688, 42.680487 ] }, { "date": "2024-01-12", "close": 43.615646, "volume": 673600, "typical_volume": 1119980.0, "trend": 43.935309, "fair_value": 41.691464, "relative_strength": -6.335367, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.823841, "energy": 21.836498, "activity_lines": [ 43.915247, 42.765194, 42.106203, 42.648287 ] }, { "date": "2024-01-19", "close": 45.137577, "volume": 730000, "typical_volume": 1090975.0, "trend": 43.829178, "fair_value": 41.728392, "relative_strength": -2.788742, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.39829, "energy": 37.899855, "activity_lines": [ 44.293682, 43.355528, 42.377476, 42.725853 ] }, { "date": "2024-01-26", "close": 45.017952, "volume": 625000, "typical_volume": 1091780.0, "trend": 43.622477, "fair_value": 41.787326, "relative_strength": -4.146225, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.573348, "energy": 32.959997, "activity_lines": [ 44.540745, 43.821432, 42.631824, 42.802548 ] }, { "date": "2024-02-02", "close": 47.779236, "volume": 1094600, "typical_volume": 1092260.0, "trend": 43.520763, "fair_value": 41.841887, "relative_strength": 1.710379, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.699088, "energy": 54.004829, "activity_lines": [ 45.643313, 44.720228, 43.143856, 43.070726 ] }, { "date": "2024-02-09", "close": 47.27084, "volume": 864900, "typical_volume": 1075050.0, "trend": 43.445668, "fair_value": 41.9117, "relative_strength": 0.815211, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.818089, "energy": 60.227664, "activity_lines": [ 46.42772, 45.383308, 43.596519, 43.312666 ] }, { "date": "2024-02-16", "close": 49.693203, "volume": 779400, "typical_volume": 1050745.0, "trend": 43.460283, "fair_value": 41.989917, "relative_strength": 4.474594, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.207849, "energy": 82.54505, "activity_lines": [ 47.737371, 46.350606, 44.265283, 43.715733 ] }, { "date": "2024-02-23", "close": 47.9487, "volume": 1152400, "typical_volume": 1052120.0, "trend": 43.545239, "fair_value": 42.046009, "relative_strength": -0.089954, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.942017, "energy": 74.789737, "activity_lines": [ 48.06035, 46.797457, 44.73584, 44.005308 ] }, { "date": "2024-03-01", "close": 48.008514, "volume": 1403900, "typical_volume": 1078685.0, "trend": 43.67867, "fair_value": 42.099304, "relative_strength": -0.745293, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.997715, "energy": 70.6925, "activity_lines": [ 48.21586, 47.179119, 45.194881, 44.293262 ] }, { "date": "2024-03-08", "close": 46.75248, "volume": 2443400, "typical_volume": 1150395.0, "trend": 43.769902, "fair_value": 42.135833, "relative_strength": -4.094824, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.485588, "energy": 48.558743, "activity_lines": [ 47.75332, 47.260331, 45.502184, 44.491572 ] }, { "date": "2024-03-15", "close": 45.586159, "volume": 1373300, "typical_volume": 1156360.0, "trend": 43.758841, "fair_value": 42.165458, "relative_strength": -6.784419, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.335647, "energy": 32.629857, "activity_lines": [ 46.970457, 47.107599, 45.671323, 44.60875 ] }, { "date": "2024-03-22", "close": 47.958672, "volume": 929400, "typical_volume": 1119055.0, "trend": 43.897916, "fair_value": 42.196296, "relative_strength": -2.452764, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.112983, "energy": 31.989738, "activity_lines": [ 47.090744, 47.339897, 46.034826, 44.879707 ] }, { "date": "2024-03-29", "close": 46.563068, "volume": 1095100, "typical_volume": 1122015.0, "trend": 43.984162, "fair_value": 42.2124, "relative_strength": -5.9053, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.051645, "energy": 22.922471, "activity_lines": [ 46.861465, 47.239485, 46.231019, 45.051652 ] }, { "date": "2024-04-05", "close": 46.513233, "volume": 925800, "typical_volume": 1126865.0, "trend": 44.071071, "fair_value": 42.220551, "relative_strength": -6.275587, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.654186, "energy": 21.353545, "activity_lines": [ 46.70795, 47.104095, 46.388786, 45.214818 ] }, { "date": "2024-04-12", "close": 45.883957, "volume": 1134000, "typical_volume": 1151405.0, "trend": 44.084545, "fair_value": 42.251682, "relative_strength": -5.887091, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.537091, "energy": 19.592237, "activity_lines": [ 46.444362, 46.827103, 46.461388, 45.331778 ] }, { "date": "2024-04-19", "close": 45.435204, "volume": 1049200, "typical_volume": 1109760.0, "trend": 44.125559, "fair_value": 42.281782, "relative_strength": -6.255946, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.64295, "energy": 16.981129, "activity_lines": [ 46.08909, 46.50298, 46.462751, 45.418917 ] }, { "date": "2024-04-26", "close": 43.699959, "volume": 994100, "typical_volume": 1096555.0, "trend": 44.150235, "fair_value": 42.304195, "relative_strength": -10.200907, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.10091, "energy": 12.053353, "activity_lines": [ 45.165468, 45.896732, 46.271919, 45.391459 ] }, { "date": "2024-05-03", "close": 44.717171, "volume": 1704800, "typical_volume": 1059815.0, "trend": 44.162998, "fair_value": 42.338537, "relative_strength": -7.801879, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.533063, "energy": 15.801835, "activity_lines": [ 44.86483, 45.584401, 46.153268, 45.428036 ] }, { "date": "2024-05-10", "close": 44.068947, "volume": 1257400, "typical_volume": 1078045.0, "trend": 44.256498, "fair_value": 42.376042, "relative_strength": -10.209183, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.495427, "energy": 16.046663, "activity_lines": [ 44.471177, 45.212965, 45.968348, 45.421968 ] }, { "date": "2024-05-17", "close": 43.311028, "volume": 1019600, "typical_volume": 1105325.0, "trend": 44.331377, "fair_value": 42.404552, "relative_strength": -11.955283, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.162576, "energy": 36.774708, "activity_lines": [ 43.987838, 44.775355, 45.711127, 45.36097 ] }, { "date": "2024-05-24", "close": 42.343689, "volume": 625600, "typical_volume": 1093775.0, "trend": 44.444428, "fair_value": 42.425335, "relative_strength": -12.909636, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.597462, "energy": 46.547842, "activity_lines": [ 43.35358, 44.224437, 45.372434, 45.232732 ] }, { "date": "2024-05-31", "close": 42.792454, "volume": 1264100, "typical_volume": 1123300.0, "trend": 44.512982, "fair_value": 42.455548, "relative_strength": -11.324329, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.3599, "energy": 49.772487, "activity_lines": [ 43.075012, 43.814066, 45.079786, 45.126153 ] }, { "date": "2024-06-07", "close": 50.002644, "volume": 4575100, "typical_volume": 1315555.0, "trend": 44.863396, "fair_value": 42.520908, "relative_strength": 5.051428, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 17.055405, "energy": 8.043812, "activity_lines": [ 45.26034, 44.80857, 45.477743, 45.480325 ] }, { "date": "2024-06-14", "close": 51.977219, "volume": 1479000, "typical_volume": 1358255.0, "trend": 45.222165, "fair_value": 42.609552, "relative_strength": 11.106748, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 69.181335, "energy": 42.755831, "activity_lines": [ 47.751496, 46.09955, 46.040587, 45.939281 ] }, { "date": "2024-06-21", "close": 52.346214, "volume": 2136800, "typical_volume": 1410365.0, "trend": 45.637079, "fair_value": 42.69528, "relative_strength": 12.392552, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.716545, "energy": 67.707887, "activity_lines": [ 49.838432, 47.358275, 46.605434, 46.398897 ] }, { "date": "2024-06-28", "close": 53.134048, "volume": 1350100, "typical_volume": 1434625.0, "trend": 46.082241, "fair_value": 42.782559, "relative_strength": 12.523074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.952538, "energy": 81.059817, "activity_lines": [ 51.585633, 48.642747, 47.223565, 46.882573 ] }, { "date": "2024-07-05", "close": 53.403313, "volume": 751300, "typical_volume": 1433220.0, "trend": 46.578561, "fair_value": 42.873536, "relative_strength": 12.296391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.988122, "energy": 83.843305, "activity_lines": [ 52.703232, 49.836197, 47.839421, 47.3549 ] }, { "date": "2024-07-12", "close": 51.189384, "volume": 2010600, "typical_volume": 1476130.0, "trend": 46.826037, "fair_value": 42.946988, "relative_strength": 4.89814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.835119, "energy": 78.438554, "activity_lines": [ 52.375464, 50.45069, 48.226759, 47.652372 ] }, { "date": "2024-07-19", "close": 53.293392, "volume": 1019900, "typical_volume": 1456930.0, "trend": 47.134346, "fair_value": 43.027179, "relative_strength": 9.175577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.877439, "energy": 71.26373, "activity_lines": [ 52.669916, 51.330053, 48.799047, 48.069621 ] }, { "date": "2024-07-26", "close": 52.295761, "volume": 1308300, "typical_volume": 1400175.0, "trend": 47.359245, "fair_value": 43.085761, "relative_strength": 6.471904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.529277, "energy": 49.555963, "activity_lines": [ 52.54408, 51.860312, 49.251157, 48.402616 ] }, { "date": "2024-08-02", "close": 55.358486, "volume": 1474400, "typical_volume": 1405230.0, "trend": 47.769938, "fair_value": 43.160603, "relative_strength": 15.35941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.24482, "energy": 54.530074, "activity_lines": [ 53.442515, 52.784071, 49.968558, 48.918696 ] }, { "date": "2024-08-09", "close": 54.201233, "volume": 982200, "typical_volume": 1407870.0, "trend": 48.122791, "fair_value": 43.224461, "relative_strength": 12.251664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.838425, "energy": 51.60184, "activity_lines": [ 53.806904, 53.260788, 50.529209, 49.333618 ] }, { "date": "2024-08-16", "close": 56.316204, "volume": 803700, "typical_volume": 1393300.0, "trend": 48.495412, "fair_value": 43.309579, "relative_strength": 12.745473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.154547, "energy": 57.290328, "activity_lines": [ 54.823088, 53.914612, 51.26156, 49.862225 ] }, { "date": "2024-08-23", "close": 58.610756, "volume": 745900, "typical_volume": 1384305.0, "trend": 48.948506, "fair_value": 43.404887, "relative_strength": 15.854341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.958791, "energy": 77.799709, "activity_lines": [ 56.262335, 54.870836, 52.165996, 50.514828 ] }, { "date": "2024-08-30", "close": 58.261585, "volume": 1036600, "typical_volume": 1379435.0, "trend": 49.297917, "fair_value": 43.49019, "relative_strength": 14.507718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.522076, "energy": 74.443617, "activity_lines": [ 57.230701, 55.642964, 52.97957, 51.115672 ] }, { "date": "2024-09-06", "close": 53.891968, "volume": 1711700, "typical_volume": 1412560.0, "trend": 49.518622, "fair_value": 43.535897, "relative_strength": 8.37493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.877317, "energy": 69.130112, "activity_lines": [ 56.344806, 55.513065, 53.31805, 51.412062 ] }, { "date": "2024-09-13", "close": 54.251122, "volume": 898100, "typical_volume": 1407760.0, "trend": 49.670552, "fair_value": 43.587536, "relative_strength": 5.363305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.800537, "energy": 48.958628, "activity_lines": [ 55.676397, 55.434685, 53.650464, 51.717385 ] }, { "date": "2024-09-20", "close": 53.153721, "volume": 2180900, "typical_volume": 1431565.0, "trend": 49.844053, "fair_value": 43.6238, "relative_strength": 1.947028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.316666, "energy": 29.677832, "activity_lines": [ 54.638862, 55.141364, 53.82812, 51.942105 ] }, { "date": "2024-09-27", "close": 52.994102, "volume": 926700, "typical_volume": 1415030.0, "trend": 50.010239, "fair_value": 43.662352, "relative_strength": 1.249409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.810383, "energy": 26.062122, "activity_lines": [ 53.758952, 54.783305, 53.950401, 52.145334 ] }, { "date": "2024-10-04", "close": 55.039242, "volume": 1117700, "typical_volume": 1419935.0, "trend": 50.286464, "fair_value": 43.705165, "relative_strength": 4.283881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.077955, "energy": 22.562814, "activity_lines": [ 53.9352, 54.802532, 54.224955, 52.469786 ] }, { "date": "2024-10-11", "close": 55.538059, "volume": 833400, "typical_volume": 1430325.0, "trend": 50.618194, "fair_value": 43.752678, "relative_strength": 3.766368, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.203338, "energy": 20.961878, "activity_lines": [ 54.492542, 54.862572, 54.491168, 52.808599 ] }, { "date": "2024-10-18", "close": 56.953976, "volume": 808600, "typical_volume": 1407550.0, "trend": 50.918038, "fair_value": 43.792395, "relative_strength": 4.771147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.046114, "energy": 36.511747, "activity_lines": [ 55.412118, 55.176786, 54.829399, 53.217359 ] }, { "date": "2024-10-25", "close": 55.566807, "volume": 1018300, "typical_volume": 1229710.0, "trend": 51.218163, "fair_value": 43.824556, "relative_strength": 3.543482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.216735, "energy": 36.149259, "activity_lines": [ 55.689113, 55.188737, 54.968084, 53.517279 ] }, { "date": "2024-11-01", "close": 57.931984, "volume": 1314000, "typical_volume": 1221460.0, "trend": 51.598788, "fair_value": 43.88213, "relative_strength": 8.56118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.657739, "energy": 52.771283, "activity_lines": [ 56.593629, 55.644346, 55.305527, 53.950429 ] }, { "date": "2024-11-08", "close": 62.672321, "volume": 1665200, "typical_volume": 1197880.0, "trend": 52.1584, "fair_value": 43.966334, "relative_strength": 14.530052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.284502, "energy": 77.023518, "activity_lines": [ 58.749065, 56.974176, 56.066075, 54.664851 ] }, { "date": "2024-11-15", "close": 61.913876, "volume": 1160300, "typical_volume": 1188390.0, "trend": 52.707689, "fair_value": 44.038545, "relative_strength": 12.113406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.392595, "energy": 79.950875, "activity_lines": [ 60.142814, 58.085912, 56.705218, 55.294236 ] }, { "date": "2024-11-22", "close": 63.97966, "volume": 957200, "typical_volume": 1198685.0, "trend": 53.383679, "fair_value": 44.129411, "relative_strength": 12.815381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.747825, "energy": 87.204962, "activity_lines": [ 61.800103, 59.427392, 57.499294, 56.02146 ] }, { "date": "2024-11-29", "close": 66.275002, "volume": 1768300, "typical_volume": 1186570.0, "trend": 54.102273, "fair_value": 44.249507, "relative_strength": 15.298838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.666936, "energy": 92.6027, "activity_lines": [ 63.754127, 61.009324, 58.46161, 56.853158 ] }, { "date": "2024-12-06", "close": 65.037498, "volume": 1255100, "typical_volume": 1198330.0, "trend": 54.801225, "fair_value": 44.367338, "relative_strength": 12.338857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.55343, "energy": 88.42298, "activity_lines": [ 64.58177, 62.127687, 59.234232, 57.558657 ] }, { "date": "2024-12-13", "close": 63.720192, "volume": 1206100, "typical_volume": 1193220.0, "trend": 55.48153, "fair_value": 44.485194, "relative_strength": 11.511119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.010677, "energy": 80.934939, "activity_lines": [ 64.49661, 62.787568, 59.825473, 58.134074 ] }, { "date": "2024-12-20", "close": 64.348907, "volume": 2178500, "typical_volume": 1228425.0, "trend": 56.215038, "fair_value": 44.585621, "relative_strength": 15.204064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.557002, "energy": 59.818158, "activity_lines": [ 64.551164, 63.403927, 60.422189, 58.706163 ] }, { "date": "2024-12-27", "close": 64.149315, "volume": 271900, "typical_volume": 1192910.0, "trend": 56.926933, "fair_value": 44.692283, "relative_strength": 13.536921, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.232236, "energy": 53.294454, "activity_lines": [ 64.376852, 63.823798, 60.957084, 59.218052 ] }, { "date": "2025-01-03", "close": 64.328941, "volume": 685100, "typical_volume": 1186980.0, "trend": 57.404476, "fair_value": 44.820535, "relative_strength": 12.113914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.162387, "energy": 48.532818, "activity_lines": [ 64.251105, 64.145504, 61.461715, 59.695601 ] }, { "date": "2025-01-10", "close": 63.620396, "volume": 1373700, "typical_volume": 1218370.0, "trend": 57.792582, "fair_value": 44.955261, "relative_strength": 11.787, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.115408, "energy": 39.311781, "activity_lines": [ 64.018913, 64.179073, 61.86071, 60.096628 ] }, { "date": "2025-01-17", "close": 60.445866, "volume": 1640200, "typical_volume": 1248550.0, "trend": 58.062571, "fair_value": 45.089739, "relative_strength": 4.716066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.62914, "energy": 26.387004, "activity_lines": [ 62.823018, 63.532028, 61.933513, 60.267807 ] }, { "date": "2025-01-24", "close": 60.475815, "volume": 1494500, "typical_volume": 1237690.0, "trend": 58.307296, "fair_value": 45.219251, "relative_strength": 2.910723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.389298, "energy": 21.72214, "activity_lines": [ 61.855395, 62.93091, 61.998767, 60.4235 ] }, { "date": "2025-01-31", "close": 62.592167, "volume": 1688100, "typical_volume": 1277190.0, "trend": 58.613591, "fair_value": 45.363984, "relative_strength": 6.078697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.664574, "energy": 21.545489, "activity_lines": [ 61.851428, 62.74073, 62.234227, 60.699944 ] }, { "date": "2025-02-07", "close": 65.517128, "volume": 1316100, "typical_volume": 1233950.0, "trend": 59.091183, "fair_value": 45.532499, "relative_strength": 11.128799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.755735, "energy": 25.674311, "activity_lines": [ 62.926259, 63.107587, 62.708535, 61.145333 ] }, { "date": "2025-02-14", "close": 65.876503, "volume": 1082000, "typical_volume": 1241715.0, "trend": 59.51062, "fair_value": 45.7237, "relative_strength": 11.333248, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.845262, "energy": 39.323543, "activity_lines": [ 64.041668, 63.553566, 63.158196, 61.583096 ] }, { "date": "2025-02-21", "close": 65.866531, "volume": 776000, "typical_volume": 1224630.0, "trend": 59.962979, "fair_value": 45.90987, "relative_strength": 12.450671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.209031, "energy": 57.765594, "activity_lines": [ 65.003347, 63.982476, 63.545563, 61.993155 ] }, { "date": "2025-02-28", "close": 65.217644, "volume": 2267800, "typical_volume": 1296350.0, "trend": 60.291617, "fair_value": 46.099586, "relative_strength": 9.952695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.985189, "energy": 58.337837, "activity_lines": [ 65.387352, 64.254383, 63.819572, 62.332165 ] }, { "date": "2025-03-07", "close": 67.234169, "volume": 2024000, "typical_volume": 1357120.0, "trend": 60.726049, "fair_value": 46.298407, "relative_strength": 15.720155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.376371, "energy": 63.548131, "activity_lines": [ 66.12741, 64.877135, 64.239538, 62.780072 ] }, { "date": "2025-03-14", "close": 66.395615, "volume": 1827500, "typical_volume": 1397580.0, "trend": 61.062029, "fair_value": 46.47663, "relative_strength": 14.652454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.861376, "energy": 50.988762, "activity_lines": [ 66.278483, 65.291335, 64.530688, 63.14585 ] }, { "date": "2025-03-21", "close": 68.492004, "volume": 2041900, "typical_volume": 1433975.0, "trend": 61.391404, "fair_value": 46.669629, "relative_strength": 15.776073, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.384233, "energy": 50.204354, "activity_lines": [ 67.069787, 66.049121, 64.969929, 63.625203 ] }, { "date": "2025-03-28", "close": 68.242432, "volume": 1621200, "typical_volume": 1431775.0, "trend": 61.724099, "fair_value": 46.850073, "relative_strength": 15.713535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.382086, "energy": 51.542744, "activity_lines": [ 67.603534, 66.672955, 65.335115, 64.067205 ] }, { "date": "2025-04-04", "close": 63.560497, "volume": 1576700, "typical_volume": 1452595.0, "trend": 62.046383, "fair_value": 46.996746, "relative_strength": 14.448352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.205907, "energy": 30.154467, "activity_lines": [ 66.418242, 66.303772, 65.227878, 64.185683 ] }, { "date": "2025-04-11", "close": 66.904732, "volume": 2327500, "typical_volume": 1521110.0, "trend": 62.46817, "fair_value": 47.161641, "relative_strength": 17.755214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.936123, "energy": 27.331329, "activity_lines": [ 66.458171, 66.486548, 65.431299, 64.499124 ] }, { "date": "2025-04-18", "close": 67.015579, "volume": 1250500, "typical_volume": 1495220.0, "trend": 62.930232, "fair_value": 47.339416, "relative_strength": 14.37373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.001898, "energy": 23.159212, "activity_lines": [ 66.557012, 66.611066, 65.631348, 64.792506 ] }, { "date": "2025-04-25", "close": 67.794487, "volume": 905300, "typical_volume": 1477730.0, "trend": 63.423578, "fair_value": 47.527408, "relative_strength": 12.604509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.150527, "energy": 25.133778, "activity_lines": [ 66.874158, 66.84996, 65.902052, 65.106329 ] }, { "date": "2025-05-02", "close": 69.51207, "volume": 1386900, "typical_volume": 1486770.0, "trend": 63.906006, "fair_value": 47.730043, "relative_strength": 13.315338, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.782171, "energy": 36.140846, "activity_lines": [ 67.810333, 67.36627, 66.323206, 65.499135 ] }, { "date": "2025-05-09", "close": 69.022766, "volume": 1372700, "typical_volume": 1446480.0, "trend": 64.355496, "fair_value": 47.941967, "relative_strength": 10.423372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.353168, "energy": 43.443054, "activity_lines": [ 68.498764, 67.727332, 66.67018, 65.829248 ] }, { "date": "2025-05-16", "close": 68.96283, "volume": 2860000, "typical_volume": 1575885.0, "trend": 64.755791, "fair_value": 48.14484, "relative_strength": 7.110569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.983703, "energy": 45.332585, "activity_lines": [ 68.803065, 68.008313, 66.989189, 66.126495 ] }, { "date": "2025-05-23", "close": 67.365089, "volume": 1911900, "typical_volume": 1637225.0, "trend": 65.149067, "fair_value": 48.327786, "relative_strength": 4.428678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.188803, "energy": 35.013895, "activity_lines": [ 68.437579, 67.967365, 67.133111, 66.294837 ] }, { "date": "2025-05-30", "close": 69.262413, "volume": 3072000, "typical_volume": 1722140.0, "trend": 65.526748, "fair_value": 48.518626, "relative_strength": 5.569292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.009181, "energy": 31.696529, "activity_lines": [ 68.681234, 68.253759, 67.443273, 66.560214 ] }, { "date": "2025-06-06", "close": 67.984215, "volume": 1534600, "typical_volume": 1716860.0, "trend": 65.703811, "fair_value": 48.722617, "relative_strength": 2.389383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.805286, "energy": 25.435868, "activity_lines": [ 68.400961, 68.293745, 67.604835, 66.718761 ] }, { "date": "2025-06-13", "close": 68.17395, "volume": 1307700, "typical_volume": 1707520.0, "trend": 65.91248, "fair_value": 48.953249, "relative_strength": 2.250241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.873875, "energy": 18.986931, "activity_lines": [ 68.28579, 68.372924, 67.74857, 66.878124 ] }, { "date": "2025-06-20", "close": 67.964241, "volume": 4281000, "typical_volume": 1837165.0, "trend": 66.0453, "fair_value": 49.164185, "relative_strength": 1.855653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.041999, "energy": 18.465729, "activity_lines": [ 68.157304, 68.330092, 67.835674, 67.010496 ] }, { "date": "2025-06-27", "close": 68.004189, "volume": 1543500, "typical_volume": 1848535.0, "trend": 66.102939, "fair_value": 49.388821, "relative_strength": 1.080407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.052078, "energy": 14.930675, "activity_lines": [ 68.108707, 68.275261, 67.901002, 67.136876 ] }, { "date": "2025-07-04", "close": 64.96846, "volume": 1199700, "typical_volume": 1854420.0, "trend": 66.100638, "fair_value": 49.592087, "relative_strength": -4.698033, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.878055, "energy": 6.216973, "activity_lines": [ 67.005593, 67.650503, 67.66537, 67.063684 ] }, { "date": "2025-07-11", "close": 64.718819, "volume": 1869900, "typical_volume": 1909115.0, "trend": 66.133926, "fair_value": 49.798746, "relative_strength": -5.066699, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.938316, "energy": 21.414661, "activity_lines": [ 66.105529, 67.031739, 67.410287, 66.974534 ] }, { "date": "2025-07-18", "close": 65.099396, "volume": 1386500, "typical_volume": 1865050.0, "trend": 66.158942, "fair_value": 49.991972, "relative_strength": -5.549699, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.574657, "energy": 30.02196, "activity_lines": [ 65.550017, 66.569321, 67.196914, 66.90779 ] }, { "date": "2025-07-25", "close": 65.998428, "volume": 1094200, "typical_volume": 1818560.0, "trend": 66.220579, "fair_value": 50.189112, "relative_strength": -4.952015, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.016354, "energy": 31.238647, "activity_lines": [ 65.499153, 66.341697, 67.069726, 66.897435 ] }, { "date": "2025-08-01", "close": 68.655548, "volume": 1841100, "typical_volume": 1819240.0, "trend": 66.364799, "fair_value": 50.39334, "relative_strength": 0.570581, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.64611, "energy": 16.434565, "activity_lines": [ 66.465049, 66.651084, 67.201482, 67.054529 ] }, { "date": "2025-08-08", "close": 69.38475, "volume": 1396800, "typical_volume": 1786985.0, "trend": 66.556944, "fair_value": 50.598991, "relative_strength": -1.117406, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.548506, "energy": 20.874799, "activity_lines": [ 67.630589, 67.06959, 67.391924, 67.249365 ] }, { "date": "2025-08-15", "close": 68.375847, "volume": 1169800, "typical_volume": 1764415.0, "trend": 66.821277, "fair_value": 50.797984, "relative_strength": -3.073404, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.143339, "energy": 26.133047, "activity_lines": [ 68.165409, 67.302435, 67.482029, 67.366713 ] }, { "date": "2025-08-22", "close": 70.483566, "volume": 1700300, "typical_volume": 1770595.0, "trend": 67.154869, "fair_value": 51.014695, "relative_strength": -1.571545, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.801929, "energy": 44.831069, "activity_lines": [ 69.158999, 67.911381, 67.772234, 67.60299 ] }, { "date": "2025-08-29", "close": 68.62558, "volume": 3579700, "typical_volume": 1833205.0, "trend": 67.355983, "fair_value": 51.214204, "relative_strength": -4.875156, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.319076, "energy": 48.197662, "activity_lines": [ 69.174317, 68.140518, 67.852521, 67.697875 ] }, { "date": "2025-09-05", "close": 66.298103, "volume": 1111500, "typical_volume": 1826255.0, "trend": 67.382015, "fair_value": 51.386427, "relative_strength": -9.581643, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.382566, "energy": 21.075625, "activity_lines": [ 68.238665, 67.934454, 67.702949, 67.629624 ] }, { "date": "2025-09-12", "close": 65.23925, "volume": 2132500, "typical_volume": 1887615.0, "trend": 67.360773, "fair_value": 51.568118, "relative_strength": -11.684473, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.80903, "energy": 8.998521, "activity_lines": [ 67.107225, 67.56689, 67.45595, 67.491382 ] }, { "date": "2025-09-19", "close": 63.950642, "volume": 5993200, "typical_volume": 2117930.0, "trend": 67.29691, "fair_value": 51.751366, "relative_strength": -14.787005, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.728104, "energy": 40.132571, "activity_lines": [ 65.822616, 66.960111, 67.098394, 67.271373 ] }, { "date": "2025-09-26", "close": 64.899612, "volume": 2287200, "typical_volume": 2163655.0, "trend": 67.286309, "fair_value": 51.944841, "relative_strength": -13.48117, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.291039, "energy": 47.49369, "activity_lines": [ 65.149344, 66.539838, 66.8577, 67.116709 ] }, { "date": "2025-10-03", "close": 64.969543, "volume": 1600100, "typical_volume": 2100660.0, "trend": 67.210822, "fair_value": 52.144693, "relative_strength": -15.313005, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.699618, "energy": 59.147558, "activity_lines": [ 64.871646, 66.135913, 66.6433, 66.96724 ] }, { "date": "2025-10-10", "close": 64.230347, "volume": 1725300, "typical_volume": 2091330.0, "trend": 67.138646, "fair_value": 52.344487, "relative_strength": -14.458385, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.30228, "energy": 60.66624, "activity_lines": [ 64.591285, 65.616295, 66.377515, 66.774951 ] }, { "date": "2025-10-17", "close": 63.233158, "volume": 1574900, "typical_volume": 2016475.0, "trend": 66.963351, "fair_value": 52.522965, "relative_strength": -16.382749, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.994447, "energy": 56.669864, "activity_lines": [ 64.116378, 64.995828, 66.031688, 66.522984 ] }, { "date": "2025-10-24", "close": 63.722797, "volume": 1629800, "typical_volume": 2021235.0, "trend": 66.812697, "fair_value": 52.700308, "relative_strength": -16.304081, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.101979, "energy": 48.442429, "activity_lines": [ 63.938424, 64.576234, 65.761204, 66.313916 ] }, { "date": "2025-10-31", "close": 61.274609, "volume": 1691300, "typical_volume": 2040415.0, "trend": 66.736501, "fair_value": 52.878349, "relative_strength": -19.04825, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.502648, "energy": 65.117794, "activity_lines": [ 62.959596, 63.796116, 65.277851, 65.95662 ] }, { "date": "2025-11-07", "close": 60.225388, "volume": 2211000, "typical_volume": 1936915.0, "trend": 66.513856, "fair_value": 53.025237, "relative_strength": -19.185662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.637772, "energy": 72.867705, "activity_lines": [ 61.872695, 62.992666, 64.727427, 65.536548 ] }, { "date": "2025-11-14", "close": 62.143963, "volume": 1704400, "typical_volume": 1944960.0, "trend": 66.351469, "fair_value": 53.187485, "relative_strength": -17.471208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.433699, "energy": 63.278239, "activity_lines": [ 61.741596, 62.690778, 64.396575, 65.25462 ] }, { "date": "2025-11-21", "close": 63.562916, "volume": 2488000, "typical_volume": 2009375.0, "trend": 66.210416, "fair_value": 53.349261, "relative_strength": -14.854346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.812568, "energy": 49.283482, "activity_lines": [ 62.222574, 62.722412, 64.228768, 65.074713 ] }, { "date": "2025-11-28", "close": 63.53294, "volume": 2194900, "typical_volume": 2025625.0, "trend": 66.011112, "fair_value": 53.503383, "relative_strength": -17.851508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.746852, "energy": 34.951185, "activity_lines": [ 62.671576, 62.779074, 64.064799, 64.901973 ] }, { "date": "2025-12-05", "close": 61.744263, "volume": 1629400, "typical_volume": 2037770.0, "trend": 65.768495, "fair_value": 53.653885, "relative_strength": -19.631328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.955426, "energy": 28.472927, "activity_lines": [ 62.537009, 62.518117, 63.736127, 64.626692 ] }, { "date": "2025-12-12", "close": 60.735008, "volume": 1085900, "typical_volume": 2037355.0, "trend": 65.494234, "fair_value": 53.796003, "relative_strength": -21.118945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.570018, "energy": 35.878451, "activity_lines": [ 62.034714, 62.131029, 63.327313, 64.301951 ] }, { "date": "2025-12-19", "close": 59.475941, "volume": 2055100, "typical_volume": 2048055.0, "trend": 65.231263, "fair_value": 53.932857, "relative_strength": -22.858473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.1821, "energy": 49.959725, "activity_lines": [ 61.078755, 61.592011, 62.823651, 63.913674 ] }, { "date": "2025-12-26", "close": 59.136196, "volume": 517100, "typical_volume": 2004070.0, "trend": 64.893722, "fair_value": 54.059751, "relative_strength": -23.435798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.073139, "energy": 72.810496, "activity_lines": [ 60.187416, 61.077665, 62.331345, 63.520444 ] }, { "date": "2026-01-02", "close": 58.846409, "volume": 908000, "typical_volume": 1990980.0, "trend": 64.589129, "fair_value": 54.166356, "relative_strength": -23.091687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.701793, "energy": 76.28131, "activity_lines": [ 59.494595, 60.585121, 61.860242, 63.130295 ] }, { "date": "2026-01-09", "close": 59.10622, "volume": 1714700, "typical_volume": 1991700.0, "trend": 64.286871, "fair_value": 54.286553, "relative_strength": -24.01955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.502195, "energy": 74.271202, "activity_lines": [ 59.200814, 60.228477, 61.459262, 62.776559 ] }, { "date": "2026-01-16", "close": 59.20715, "volume": 1902200, "typical_volume": 1907825.0, "trend": 63.994968, "fair_value": 54.399449, "relative_strength": -24.498033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.784411, "energy": 63.761841, "activity_lines": [ 59.116546, 59.929609, 61.122072, 62.448835 ] }, { "date": "2026-01-23", "close": 60.856518, "volume": 1690900, "typical_volume": 1936795.0, "trend": 63.756712, "fair_value": 54.521896, "relative_strength": -22.300164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.187423, "energy": 40.781799, "activity_lines": [ 59.683924, 59.949139, 60.986815, 62.246354 ] }, { "date": "2026-01-30", "close": 58.467438, "volume": 1612700, "typical_volume": 1910805.0, "trend": 63.540011, "fair_value": 54.627945, "relative_strength": -22.101124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.70564, "energy": 41.580692, "activity_lines": [ 59.362904, 59.557699, 60.649938, 61.905111 ] }, { "date": "2026-02-06", "close": 58.017612, "volume": 2587900, "typical_volume": 1740540.0, "trend": 63.316638, "fair_value": 54.729068, "relative_strength": -23.51061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.895835, "energy": 43.187287, "activity_lines": [ 58.936526, 59.177118, 60.302467, 61.548827 ] }, { "date": "2026-02-13", "close": 58.967247, "volume": 2522900, "typical_volume": 1752325.0, "trend": 63.112233, "fair_value": 54.840553, "relative_strength": -23.167898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.552599, "energy": 35.270671, "activity_lines": [ 58.881946, 59.069477, 60.073691, 61.268221 ] }, { "date": "2026-02-20", "close": 58.377472, "volume": 1214400, "typical_volume": 1733040.0, "trend": 62.858201, "fair_value": 54.947939, "relative_strength": -25.054698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.599966, "energy": 40.16878, "activity_lines": [ 58.640039, 58.905095, 59.816994, 60.962753 ] }, { "date": "2026-02-27", "close": 60.256744, "volume": 2406700, "typical_volume": 1767110.0, "trend": 62.578241, "fair_value": 55.061054, "relative_strength": -23.298116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.716643, "energy": 30.737519, "activity_lines": [ 59.079867, 59.125263, 59.770667, 60.794917 ] }, { "date": "2026-03-06", "close": 60.546635, "volume": 1826300, "typical_volume": 1779680.0, "trend": 62.283637, "fair_value": 55.165692, "relative_strength": -19.402551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.106854, "energy": 18.120586, "activity_lines": [ 59.656312, 59.383942, 59.770871, 60.663845 ] }, { "date": "2026-03-13", "close": 58.977242, "volume": 1551500, "typical_volume": 1775765.0, "trend": 61.97035, "fair_value": 55.256314, "relative_strength": -19.577155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.233431, "energy": 17.762185, "activity_lines": [ 59.571012, 59.331632, 59.634401, 60.450529 ] }, { "date": "2026-03-20", "close": 55.94841, "volume": 2144500, "typical_volume": 1798425.0, "trend": 61.485845, "fair_value": 55.330008, "relative_strength": -20.071824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.395377, "energy": 33.100023, "activity_lines": [ 58.412126, 58.726247, 59.232069, 60.062017 ] }, { "date": "2026-03-27", "close": 54.039146, "volume": 2323200, "typical_volume": 1804035.0, "trend": 60.999631, "fair_value": 55.379085, "relative_strength": -23.65342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.287634, "energy": 57.626259, "activity_lines": [ 56.818074, 57.831138, 58.673265, 59.581585 ] }, { "date": "2026-04-03", "close": 61.986076, "volume": 2262900, "typical_volume": 1831960.0, "trend": 60.855896, "fair_value": 55.483252, "relative_strength": -14.81903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.967767, "energy": 23.879447, "activity_lines": [ 58.162221, 58.474889, 58.90077, 59.645227 ] }, { "date": "2026-04-10", "close": 59.597, "volume": 1886600, "typical_volume": 1801890.0, "trend": 60.667821, "fair_value": 55.569701, "relative_strength": -18.771412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.068026, "energy": 23.770578, "activity_lines": [ 58.59472, 58.663724, 58.901496, 59.564007 ] }, { "date": "2026-04-17", "close": 53.279999, "volume": 8378200, "typical_volume": 2111055.0, "trend": 60.312133, "fair_value": 55.609337, "relative_strength": -27.981379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.278359, "energy": 35.226406, "activity_lines": [ 56.984862, 57.683477, 58.319488, 59.087374 ] }, { "date": "2026-04-24", "close": 55.209999, "volume": 3592000, "typical_volume": 2209185.0, "trend": 59.989146, "fair_value": 55.649153, "relative_strength": -23.639009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.291057, "energy": 28.829417, "activity_lines": [ 56.398153, 57.140278, 57.970113, 58.758204 ] }, { "date": "2026-05-01", "close": 52.360001, "volume": 4109200, "typical_volume": 2360350.0, "trend": 59.568828, "fair_value": 55.680722, "relative_strength": -26.739323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.247252, "energy": 57.624944, "activity_lines": [ 54.910672, 56.14721, 57.380425, 58.266001 ] }, { "date": "2026-05-08", "close": 50.310001, "volume": 3729700, "typical_volume": 2444080.0, "trend": 59.104817, "fair_value": 55.677384, "relative_strength": -29.18872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.459182, "energy": 72.506183, "activity_lines": [ 52.8518, 54.890824, 56.63538, 57.668657 ] }, { "date": "2026-05-15", "close": 51.040001, "volume": 2880300, "typical_volume": 2562240.0, "trend": 58.698378, "fair_value": 55.683066, "relative_strength": -26.868777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.716596, "energy": 72.953288, "activity_lines": [ 51.814667, 53.948015, 56.003506, 57.148347 ] }, { "date": "2026-05-22", "close": 49.310001, "volume": 1972300, "typical_volume": 2615455.0, "trend": 58.217951, "fair_value": 55.680978, "relative_strength": -29.888827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.093601, "energy": 77.394827, "activity_lines": [ 50.771334, 52.863508, 55.245424, 56.542645 ] }, { "date": "2026-05-29", "close": 46.259998, "volume": 4043900, "typical_volume": 2731915.0, "trend": 57.717464, "fair_value": 55.655827, "relative_strength": -33.969829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.394557, "energy": 82.985283, "activity_lines": [ 48.976, 51.400224, 54.242277, 55.771164 ] }, { "date": "2026-06-05", "close": 49.509998, "volume": 613000, "typical_volume": 2667455.0, "trend": 57.360285, "fair_value": 55.656042, "relative_strength": -27.819687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.18793, "energy": 68.633001, "activity_lines": [ 48.860666, 50.704001, 53.609826, 55.24165 ] }, { "date": "2026-06-12", "close": 50.278526, "volume": 944200, "typical_volume": 2630120.0, "trend": 56.96477, "fair_value": 55.664247, "relative_strength": -27.001406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.883226, "energy": 52.753864, "activity_lines": [ 49.191508, 50.229859, 53.096745, 54.784762 ] }, { "date": "2026-06-19", "close": 49.049053, "volume": 545800, "typical_volume": 2576775.0, "trend": 56.480975, "fair_value": 55.668911, "relative_strength": -28.033641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.516633, "energy": 49.146723, "activity_lines": [ 49.114624, 49.745041, 52.516942, 54.274071 ] }, { "date": "2026-06-26", "close": 52.957382, "volume": 1208700, "typical_volume": 2507815.0, "trend": 56.128456, "fair_value": 55.680054, "relative_strength": -21.523406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.004777, "energy": 29.826483, "activity_lines": [ 50.473246, 50.162609, 52.354211, 54.046742 ] }, { "date": "2026-07-03", "close": 57.165585, "volume": 1402300, "typical_volume": 2451785.0, "trend": 55.975834, "fair_value": 55.720663, "relative_strength": -15.271078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.578742, "energy": 16.215882, "activity_lines": [ 52.991444, 51.351171, 52.616358, 54.113654 ] }, { "date": "2026-07-10", "close": 56.196003, "volume": 6795100, "typical_volume": 2730820.0, "trend": 55.824533, "fair_value": 55.763434, "relative_strength": -16.168511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.075737, "energy": 19.884403, "activity_lines": [ 54.459409, 52.327888, 52.794742, 54.127858 ] }, { "date": "2026-07-17", "close": 55.400002, "volume": 4355800, "typical_volume": 2828275.0, "trend": 55.688669, "fair_value": 55.802826, "relative_strength": -16.572502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.377135, "energy": 24.062509, "activity_lines": [ 55.216306, 53.090133, 52.907705, 54.100469 ] }, { "date": "2026-07-24", "close": 56.009998, "volume": 3438200, "typical_volume": 2908870.0, "trend": 55.584462, "fair_value": 55.870839, "relative_strength": -15.197366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 19.9855, "energy": 31.906336, "activity_lines": [ 55.835104, 53.870741, 53.101891, 54.1212 ] }, { "date": "2026-07-31", "close": 57.889999, "volume": 4645300, "typical_volume": 3063560.0, "trend": 55.552582, "fair_value": 55.959842, "relative_strength": -11.17413, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.651998, "energy": 43.96942, "activity_lines": [ 56.616506, 54.902804, 53.496727, 54.269944 ] }, { "date": "2026-08-07", "close": 57.599998, "volume": 2940800, "typical_volume": 3103375.0, "trend": 55.502374, "fair_value": 56.046922, "relative_strength": -13.602275, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.135029, "energy": 46.243683, "activity_lines": [ 56.972399, 55.726139, 53.869121, 54.402036 ] } ], "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." } } }