{ "ticker": { "uuid": "2d5d83af-e505-4419-a3ec-d862d94c3f52", "symbol": "NHI", "name": "National Health Investors Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 79.853, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -14.697, "architecture_energy": 15.817, "architecture_maturity": 26.946, "architecture_confidence": 58.093, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 59.16, "rotation_up": 35.74, "upward_expansion": 31.84, "deceleration": 45.98, "rotation_down": 22.09, "downward_expansion": 42.51 }, "activity_lines": [ 77.284667, 76.58857, 75.902443, 77.23817 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 75.3, "trend_reference": 78.927585, "distance_from_trend": -0.045961, "trend_direction": "Weakening", "fair_value": 66.620166, "distance_from_fair_value": 0.130288, "fair_value_direction": "Weakening", "relative_strength": -13.471875, "relative_strength_direction": "Weakening", "price_momentum": -0.094127, "excess_performance": -0.219752, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.045961, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003687, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.130288, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.028244, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.134719, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005932, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.094127, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.646369, "read": "Demand-led" } ], "volume": { "latest": 1575395, "relative_activity": 0.626322, "balance": 1.646369, "dry_up": 0.752199, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.059879, "annualized_volatility": 0.289584, "from_high_reference": -0.166593, "from_low_reference": 0.121702 }, "levels": { "trend_reference": 78.927585, "fair_value_reference": 66.620166, "structural_low": 67.130143, "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": 19, "median_return": 0.021294, "positive_rate": 0.684211, "directional_follow_through": 0.684211, "median_excess_return": 0.023689, "regime_survival": 0.473684, "best_return": 0.143412, "worst_return": -0.079394, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.007869, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.031236, "regime_survival": 0.375, "best_return": 0.123607, "worst_return": -0.207933, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.021308, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.086113, "regime_survival": 0.2, "best_return": 0.18828, "worst_return": -0.065411, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.012821, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.008423, "regime_survival": 0.0, "best_return": 0.171602, "worst_return": -0.045497, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-12-20", "tenure": "Developing", "return": -0.070773, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": 0.020198, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-03-14", "tenure": "Developing", "return": 0.078713, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": 0.004871, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.013198, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-06-06", "tenure": "New", "return": -0.035386, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-08-15", "tenure": "Developing", "return": 0.066097, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-10-17", "tenure": "Developing", "return": -0.021164, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": 0.049089, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-28", "end": "2026-03-20", "tenure": "Established", "return": 0.042479, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": -0.085049, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": -0.056278, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-07-17", "tenure": "Developing", "return": 0.117481, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.065061, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 43.33664, "volume": 791388, "typical_volume": 898480.9, "trend": 45.08656, "fair_value": 46.884856, "relative_strength": -12.814798, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -12.259725, "energy": 9.040717, "activity_lines": [ 45.480098, 45.885272, 45.443501, 45.036407 ] }, { "date": "2023-08-25", "close": 43.501122, "volume": 525619, "typical_volume": 873298.3, "trend": 44.929315, "fair_value": 46.874595, "relative_strength": -12.649494, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.759817, "energy": 18.382214, "activity_lines": [ 44.537069, 45.457476, 45.319966, 44.934121 ] }, { "date": "2023-09-01", "close": 44.816976, "volume": 497570, "typical_volume": 847256.15, "trend": 44.77384, "fair_value": 46.86892, "relative_strength": -11.718374, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.044289, "energy": 22.721519, "activity_lines": [ 44.358159, 45.314986, 45.319061, 44.926873 ] }, { "date": "2023-09-08", "close": 43.752173, "volume": 443611, "typical_volume": 816019.9, "trend": 44.615207, "fair_value": 46.859031, "relative_strength": -12.185542, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.991948, "energy": 26.861462, "activity_lines": [ 44.012458, 44.958478, 45.20682, 44.860959 ] }, { "date": "2023-09-15", "close": 44.07248, "volume": 806034, "typical_volume": 814337.25, "trend": 44.453313, "fair_value": 46.855179, "relative_strength": -10.915249, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.072004, "energy": 28.895907, "activity_lines": [ 44.010727, 44.689798, 45.119336, 44.825944 ] }, { "date": "2023-09-22", "close": 44.427414, "volume": 513370, "typical_volume": 791908.05, "trend": 44.408619, "fair_value": 46.866291, "relative_strength": -7.029925, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.545184, "energy": 16.727466, "activity_lines": [ 44.187906, 44.506743, 45.05749, 44.824273 ] }, { "date": "2023-09-29", "close": 45.245744, "volume": 843847, "typical_volume": 750928.95, "trend": 44.414617, "fair_value": 46.860273, "relative_strength": -4.229485, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.234483, "energy": 14.024079, "activity_lines": [ 44.565143, 44.511038, 45.061819, 44.878281 ] }, { "date": "2023-10-06", "close": 45.254554, "volume": 805421, "typical_volume": 755824.2, "trend": 44.4945, "fair_value": 46.865271, "relative_strength": -4.458124, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.591924, "energy": 13.833597, "activity_lines": [ 44.829008, 44.573988, 45.068839, 44.932471 ] }, { "date": "2023-10-13", "close": 43.765743, "volume": 1258687, "typical_volume": 781509.2, "trend": 44.53256, "fair_value": 46.871779, "relative_strength": -7.689616, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.007396, "energy": 4.167358, "activity_lines": [ 44.567431, 44.4096, 44.931337, 44.885454 ] }, { "date": "2023-10-20", "close": 43.219552, "volume": 946807, "typical_volume": 784820.1, "trend": 44.597294, "fair_value": 46.883413, "relative_strength": -6.286698, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.028052, "energy": 16.192292, "activity_lines": [ 44.122886, 44.21035, 44.74257, 44.800744 ] }, { "date": "2023-10-27", "close": 43.519076, "volume": 992016, "typical_volume": 788458.0, "trend": 44.584655, "fair_value": 46.900978, "relative_strength": -2.942469, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.253719, "energy": 27.767546, "activity_lines": [ 43.835045, 44.097593, 44.594314, 44.731182 ] }, { "date": "2023-11-03", "close": 45.31622, "volume": 681496, "typical_volume": 752943.4, "trend": 44.663978, "fair_value": 46.929271, "relative_strength": -4.193594, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.149271, "energy": 12.501568, "activity_lines": [ 44.206807, 44.308272, 44.623883, 44.778379 ] }, { "date": "2023-11-10", "close": 44.787649, "volume": 723619, "typical_volume": 743861.0, "trend": 44.732491, "fair_value": 46.906931, "relative_strength": -6.279433, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.248652, "energy": 6.039174, "activity_lines": [ 44.39768, 44.389846, 44.606533, 44.786358 ] }, { "date": "2023-11-17", "close": 47.280745, "volume": 750878, "typical_volume": 733169.85, "trend": 44.890349, "fair_value": 46.907941, "relative_strength": -3.153636, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 35.988942, "energy": 24.433965, "activity_lines": [ 45.450712, 44.925243, 44.821412, 44.950761 ] }, { "date": "2023-11-24", "close": 47.835746, "volume": 287608, "typical_volume": 719329.25, "trend": 45.072947, "fair_value": 46.908172, "relative_strength": -2.838965, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.742161, "energy": 55.352596, "activity_lines": [ 46.454412, 45.497394, 45.080095, 45.140787 ] }, { "date": "2023-12-01", "close": 49.174794, "volume": 711598, "typical_volume": 718546.05, "trend": 45.313514, "fair_value": 46.913256, "relative_strength": -0.773101, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.70672, "energy": 77.506458, "activity_lines": [ 47.596714, 46.244584, 45.453911, 45.405422 ] }, { "date": "2023-12-08", "close": 48.461222, "volume": 633470, "typical_volume": 714344.2, "trend": 45.407741, "fair_value": 46.911293, "relative_strength": -2.183616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.475087, "energy": 77.796106, "activity_lines": [ 48.124111, 46.775719, 45.74726, 45.6085 ] }, { "date": "2023-12-15", "close": 49.518366, "volume": 1327239, "typical_volume": 751805.7, "trend": 45.568979, "fair_value": 46.902023, "relative_strength": -2.127058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.706101, "energy": 79.44658, "activity_lines": [ 48.794222, 47.440598, 46.140921, 45.873702 ] }, { "date": "2023-12-22", "close": 50.090985, "volume": 952554, "typical_volume": 772179.7, "trend": 45.774553, "fair_value": 46.898009, "relative_strength": -1.685617, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.902334, "energy": 78.716999, "activity_lines": [ 49.339826, 48.132066, 46.580168, 46.165444 ] }, { "date": "2023-12-29", "close": 49.982195, "volume": 499536, "typical_volume": 749618.4, "trend": 45.916075, "fair_value": 46.890684, "relative_strength": -2.052989, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.981371, "energy": 71.932828, "activity_lines": [ 49.661817, 48.68875, 46.995812, 46.436905 ] }, { "date": "2024-01-05", "close": 47.485322, "volume": 565393, "typical_volume": 738318.65, "trend": 46.001602, "fair_value": 46.879436, "relative_strength": -5.186668, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.922192, "energy": 47.601048, "activity_lines": [ 49.00842, 48.668499, 47.149845, 46.538147 ] }, { "date": "2024-01-12", "close": 50.644448, "volume": 558160, "typical_volume": 739945.7, "trend": 46.15527, "fair_value": 46.882611, "relative_strength": -0.535964, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.176683, "energy": 50.855674, "activity_lines": [ 49.520697, 49.150522, 47.584992, 46.837685 ] }, { "date": "2024-01-19", "close": 49.221499, "volume": 523696, "typical_volume": 741252.0, "trend": 46.339521, "fair_value": 46.881686, "relative_strength": -4.165704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.501812, "energy": 39.872575, "activity_lines": [ 49.413109, 49.276949, 47.850605, 47.035506 ] }, { "date": "2024-01-26", "close": 48.836676, "volume": 678036, "typical_volume": 752973.25, "trend": 46.454754, "fair_value": 46.887534, "relative_strength": -5.536981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.124708, "energy": 29.732568, "activity_lines": [ 49.197037, 49.252794, 48.058593, 47.196613 ] }, { "date": "2024-02-02", "close": 47.530069, "volume": 1011952, "typical_volume": 763269.15, "trend": 46.531339, "fair_value": 46.867949, "relative_strength": -8.930806, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.127841, "energy": 26.092462, "activity_lines": [ 48.629051, 48.962783, 48.117931, 47.265988 ] }, { "date": "2024-02-09", "close": 47.726955, "volume": 706075, "typical_volume": 772904.4, "trend": 46.570626, "fair_value": 46.841857, "relative_strength": -9.382757, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.120586, "energy": 19.007567, "activity_lines": [ 48.290168, 48.714128, 48.179555, 47.343125 ] }, { "date": "2024-02-16", "close": 47.66431, "volume": 842643, "typical_volume": 772844.2, "trend": 46.546648, "fair_value": 46.824128, "relative_strength": -8.752005, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.912538, "energy": 19.974539, "activity_lines": [ 47.914295, 48.480408, 48.219501, 47.413685 ] }, { "date": "2024-02-23", "close": 51.691523, "volume": 1095097, "typical_volume": 787328.0, "trend": 46.681728, "fair_value": 46.832025, "relative_strength": -2.390158, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.296843, "energy": 29.976686, "activity_lines": [ 49.079502, 48.993397, 48.631474, 47.745613 ] }, { "date": "2024-03-01", "close": 51.637827, "volume": 1701682, "typical_volume": 809477.75, "trend": 46.825983, "fair_value": 46.826453, "relative_strength": -3.218825, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.533366, "energy": 42.037224, "activity_lines": [ 50.062142, 49.457111, 49.007681, 48.065361 ] }, { "date": "2024-03-08", "close": 52.488016, "volume": 665829, "typical_volume": 795428.85, "trend": 47.076201, "fair_value": 46.801979, "relative_strength": -1.222164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.11136, "energy": 66.068829, "activity_lines": [ 51.141435, 50.047281, 49.427372, 48.430653 ] }, { "date": "2024-03-15", "close": 53.785674, "volume": 1135185, "typical_volume": 802587.3, "trend": 47.424503, "fair_value": 46.797715, "relative_strength": 1.37919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.926495, "energy": 80.357453, "activity_lines": [ 52.322751, 50.827828, 49.926514, 48.863523 ] }, { "date": "2024-03-22", "close": 54.859598, "volume": 672608, "typical_volume": 802142.9, "trend": 47.803118, "fair_value": 46.78868, "relative_strength": 1.156313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.777045, "energy": 84.144769, "activity_lines": [ 53.458127, 51.689082, 50.479046, 49.343206 ] }, { "date": "2024-03-29", "close": 57.047452, "volume": 569722, "typical_volume": 794448.05, "trend": 48.210801, "fair_value": 46.794368, "relative_strength": 4.811199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.331608, "energy": 89.852118, "activity_lines": [ 54.843102, 52.871489, 51.194501, 49.939615 ] }, { "date": "2024-04-05", "close": 54.605026, "volume": 929216, "typical_volume": 803364.95, "trend": 48.572563, "fair_value": 46.787094, "relative_strength": 1.242897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.293966, "energy": 80.30997, "activity_lines": [ 55.056873, 53.467528, 51.618963, 50.352145 ] }, { "date": "2024-04-12", "close": 53.043326, "volume": 694292, "typical_volume": 823699.15, "trend": 48.871591, "fair_value": 46.772117, "relative_strength": -0.169759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.375486, "energy": 60.095813, "activity_lines": [ 54.552264, 53.674743, 51.859814, 50.640582 ] }, { "date": "2024-04-19", "close": 55.858018, "volume": 849616, "typical_volume": 830600.05, "trend": 49.252611, "fair_value": 46.78057, "relative_strength": 8.296798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.783197, "energy": 55.85731, "activity_lines": [ 54.948865, 54.293479, 52.343934, 51.091319 ] }, { "date": "2024-04-26", "close": 57.10193, "volume": 634122, "typical_volume": 830632.65, "trend": 49.647817, "fair_value": 46.793534, "relative_strength": 7.675636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.615717, "energy": 55.578114, "activity_lines": [ 55.621947, 54.990543, 52.914696, 51.597727 ] }, { "date": "2024-05-03", "close": 58.763506, "volume": 789903, "typical_volume": 803765.85, "trend": 50.098116, "fair_value": 46.828259, "relative_strength": 9.913779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.531791, "energy": 62.160798, "activity_lines": [ 56.699399, 55.818119, 53.602558, 52.185836 ] }, { "date": "2024-05-10", "close": 59.290126, "volume": 823661, "typical_volume": 797321.2, "trend": 50.615595, "fair_value": 46.883097, "relative_strength": 8.838415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.932062, "energy": 80.878027, "activity_lines": [ 57.837987, 56.612862, 54.296549, 52.778869 ] }, { "date": "2024-05-17", "close": 60.388764, "volume": 610814, "typical_volume": 802885.1, "trend": 51.187902, "fair_value": 46.949547, "relative_strength": 8.936859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.197005, "energy": 87.972993, "activity_lines": [ 59.030448, 57.468225, 55.051367, 53.409396 ] }, { "date": "2024-05-24", "close": 58.990498, "volume": 660343, "typical_volume": 807632.6, "trend": 51.703616, "fair_value": 47.010689, "relative_strength": 6.312585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.200558, "energy": 84.790788, "activity_lines": [ 59.267124, 57.925708, 55.623462, 53.912789 ] }, { "date": "2024-05-31", "close": 59.998339, "volume": 523923, "typical_volume": 805920.75, "trend": 52.19302, "fair_value": 47.075743, "relative_strength": 8.447254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.833668, "energy": 83.059823, "activity_lines": [ 59.630916, 58.471802, 56.236755, 54.447932 ] }, { "date": "2024-06-07", "close": 59.553436, "volume": 626400, "typical_volume": 811055.95, "trend": 52.685213, "fair_value": 47.137608, "relative_strength": 6.197351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.358407, "energy": 61.337196, "activity_lines": [ 59.653312, 58.843572, 56.763134, 54.922798 ] }, { "date": "2024-06-14", "close": 60.325206, "volume": 648542, "typical_volume": 809581.25, "trend": 53.120028, "fair_value": 47.211009, "relative_strength": 5.733662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.512489, "energy": 57.860556, "activity_lines": [ 59.880303, 59.310101, 57.313815, 55.415701 ] }, { "date": "2024-06-21", "close": 60.606676, "volume": 738943, "typical_volume": 795930.8, "trend": 53.545726, "fair_value": 47.266639, "relative_strength": 5.375092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.739552, "energy": 57.270888, "activity_lines": [ 60.132113, 59.723803, 57.836595, 55.89871 ] }, { "date": "2024-06-28", "close": 62.31365, "volume": 1263226, "typical_volume": 823788.35, "trend": 53.983688, "fair_value": 47.340314, "relative_strength": 8.190155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.411504, "energy": 61.777852, "activity_lines": [ 60.938386, 60.310349, 58.459675, 56.464383 ] }, { "date": "2024-07-05", "close": 63.592492, "volume": 395368, "typical_volume": 801424.6, "trend": 54.488064, "fair_value": 47.419408, "relative_strength": 8.138477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.540046, "energy": 71.844694, "activity_lines": [ 61.949396, 61.012036, 59.135089, 57.084305 ] }, { "date": "2024-07-12", "close": 65.782164, "volume": 679469, "typical_volume": 780643.2, "trend": 55.03019, "fair_value": 47.51049, "relative_strength": 10.544541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.670292, "energy": 88.268101, "activity_lines": [ 63.450686, 61.993835, 59.943195, 57.812957 ] }, { "date": "2024-07-19", "close": 66.334183, "volume": 858065, "typical_volume": 738462.35, "trend": 55.57163, "fair_value": 47.604917, "relative_strength": 13.452708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.233303, "energy": 91.979503, "activity_lines": [ 64.720735, 62.948389, 60.736776, 58.542247 ] }, { "date": "2024-07-26", "close": 69.066672, "volume": 1009450, "typical_volume": 755643.4, "trend": 56.207779, "fair_value": 47.715055, "relative_strength": 18.660601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.781793, "energy": 94.751411, "activity_lines": [ 66.501015, 64.271686, 61.720611, 59.412895 ] }, { "date": "2024-08-02", "close": 68.459452, "volume": 844537, "typical_volume": 741111.0, "trend": 56.906917, "fair_value": 47.829101, "relative_strength": 19.710183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.076776, "energy": 89.883233, "activity_lines": [ 67.514888, 65.326798, 62.567669, 60.203325 ] }, { "date": "2024-08-09", "close": 68.799864, "volume": 1069885, "typical_volume": 760974.85, "trend": 57.512098, "fair_value": 47.963267, "relative_strength": 19.711725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.921894, "energy": 79.513695, "activity_lines": [ 68.232512, 66.271642, 63.377273, 60.970612 ] }, { "date": "2024-08-16", "close": 68.349049, "volume": 1987734, "typical_volume": 831875.45, "trend": 58.149683, "fair_value": 48.114091, "relative_strength": 13.8935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.264796, "energy": 66.301723, "activity_lines": [ 68.452706, 66.974491, 64.07756, 61.66977 ] }, { "date": "2024-08-23", "close": 72.34198, "volume": 1047575, "typical_volume": 837793.4, "trend": 58.933193, "fair_value": 48.286904, "relative_strength": 18.272887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.70517, "energy": 71.806922, "activity_lines": [ 69.832751, 68.243407, 65.104308, 62.585402 ] }, { "date": "2024-08-30", "close": 74.918065, "volume": 1080195, "typical_volume": 857088.55, "trend": 59.846126, "fair_value": 48.468138, "relative_strength": 21.456955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.496044, "energy": 73.926859, "activity_lines": [ 71.670971, 69.762215, 66.291937, 63.616685 ] }, { "date": "2024-09-06", "close": 75.727692, "volume": 1049877, "typical_volume": 867101.6, "trend": 60.779484, "fair_value": 48.668893, "relative_strength": 27.161479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.185407, "energy": 81.577299, "activity_lines": [ 73.388975, 71.168022, 67.452507, 64.641302 ] }, { "date": "2024-09-13", "close": 78.248575, "volume": 787499, "typical_volume": 874770.45, "trend": 61.798959, "fair_value": 48.893266, "relative_strength": 25.483603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.635892, "energy": 92.507515, "activity_lines": [ 75.462723, 72.788279, 68.758544, 65.76834 ] }, { "date": "2024-09-20", "close": 76.546519, "volume": 1437538, "typical_volume": 907152.2, "trend": 62.627459, "fair_value": 49.11092, "relative_strength": 20.408355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.621141, "energy": 84.833745, "activity_lines": [ 76.339205, 73.832597, 69.801782, 66.719795 ] }, { "date": "2024-09-27", "close": 77.181339, "volume": 1143647, "typical_volume": 923151.5, "trend": 63.47891, "fair_value": 49.337955, "relative_strength": 20.14912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.433575, "energy": 76.485933, "activity_lines": [ 76.880796, 74.796621, 70.820798, 67.658755 ] }, { "date": "2024-10-04", "close": 75.646827, "volume": 1259180, "typical_volume": 955569.8, "trend": 64.25087, "fair_value": 49.562636, "relative_strength": 16.945033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.05265, "energy": 65.655394, "activity_lines": [ 76.588259, 75.284422, 71.608474, 68.443782 ] }, { "date": "2024-10-11", "close": 72.512701, "volume": 1519871, "typical_volume": 998546.2, "trend": 64.875104, "fair_value": 49.747453, "relative_strength": 10.403757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.543379, "energy": 55.164097, "activity_lines": [ 75.20243, 75.082743, 72.025004, 68.976804 ] }, { "date": "2024-10-18", "close": 71.20139, "volume": 1538256, "typical_volume": 1049262.85, "trend": 65.419831, "fair_value": 49.925649, "relative_strength": 7.154622, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.397939, "energy": 37.239126, "activity_lines": [ 73.593829, 74.568948, 72.252256, 69.384951 ] }, { "date": "2024-10-25", "close": 69.908679, "volume": 786291, "typical_volume": 1057257.4, "trend": 65.848538, "fair_value": 50.107253, "relative_strength": 5.978613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.126695, "energy": 29.675771, "activity_lines": [ 72.024137, 73.776451, 72.303045, 69.674554 ] }, { "date": "2024-11-01", "close": 71.099089, "volume": 1143662, "typical_volume": 1082013.4, "trend": 66.39834, "fair_value": 50.288163, "relative_strength": 8.946639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.465026, "energy": 29.64688, "activity_lines": [ 71.293771, 73.172035, 72.417896, 70.013299 ] }, { "date": "2024-11-08", "close": 75.516626, "volume": 2426988, "typical_volume": 1166415.65, "trend": 67.14745, "fair_value": 50.492434, "relative_strength": 10.033915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.247291, "energy": 26.750907, "activity_lines": [ 72.4414, 73.393406, 72.90216, 70.601576 ] }, { "date": "2024-11-15", "close": 72.298799, "volume": 1245168, "typical_volume": 1165512.75, "trend": 67.695476, "fair_value": 50.678655, "relative_strength": 7.27468, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.763381, "energy": 16.591548, "activity_lines": [ 72.525101, 73.018834, 73.008964, 70.933921 ] }, { "date": "2024-11-22", "close": 72.270899, "volume": 732626, "typical_volume": 1182375.65, "trend": 68.201109, "fair_value": 50.880407, "relative_strength": 5.214296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.723862, "energy": 16.658053, "activity_lines": [ 72.613762, 72.701533, 73.065563, 71.22911 ] }, { "date": "2024-11-29", "close": 71.285091, "volume": 1223227, "typical_volume": 1209563.55, "trend": 68.618495, "fair_value": 51.072421, "relative_strength": 2.400283, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.703929, "energy": 15.297629, "activity_lines": [ 72.302519, 72.313679, 72.98695, 71.428076 ] }, { "date": "2024-12-06", "close": 70.299282, "volume": 1010024, "typical_volume": 1217161.5, "trend": 68.985467, "fair_value": 51.250087, "relative_strength": -0.038281, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.160124, "energy": 8.14832, "activity_lines": [ 71.570913, 71.84225, 72.788246, 71.536514 ] }, { "date": "2024-12-13", "close": 67.667361, "volume": 1213734, "typical_volume": 1227375.7, "trend": 69.228087, "fair_value": 51.40092, "relative_strength": -3.295617, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.712037, "energy": 23.871199, "activity_lines": [ 70.01532, 71.017418, 72.320002, 71.451475 ] }, { "date": "2024-12-20", "close": 64.961038, "volume": 2303528, "typical_volume": 1300325.25, "trend": 69.427104, "fair_value": 51.539807, "relative_strength": -5.470186, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.877462, "energy": 54.000689, "activity_lines": [ 68.080904, 69.845608, 71.600675, 71.176182 ] }, { "date": "2024-12-27", "close": 64.01243, "volume": 537309, "typical_volume": 1273696.45, "trend": 69.560908, "fair_value": 51.660852, "relative_strength": -7.471355, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.408441, "energy": 67.898072, "activity_lines": [ 66.319469, 68.638627, 70.807665, 70.826848 ] }, { "date": "2025-01-03", "close": 65.192332, "volume": 1132061, "typical_volume": 1230912.8, "trend": 69.748871, "fair_value": 51.771692, "relative_strength": -5.393699, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.560129, "energy": 67.968811, "activity_lines": [ 65.5019, 67.776882, 70.149823, 70.545004 ] }, { "date": "2025-01-10", "close": 62.384917, "volume": 940869, "typical_volume": 1225577.5, "trend": 69.817528, "fair_value": 51.8666, "relative_strength": -7.678422, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.11327, "energy": 74.560599, "activity_lines": [ 64.154709, 66.49045, 69.23964, 70.06991 ] }, { "date": "2025-01-17", "close": 65.305383, "volume": 844880, "typical_volume": 1213811.75, "trend": 69.974151, "fair_value": 51.989491, "relative_strength": -6.212532, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.666217, "energy": 72.55183, "activity_lines": [ 64.308632, 65.893451, 68.655012, 69.778804 ] }, { "date": "2025-01-24", "close": 65.588008, "volume": 716900, "typical_volume": 1197162.9, "trend": 70.083297, "fair_value": 52.119881, "relative_strength": -7.514063, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.114361, "energy": 51.931535, "activity_lines": [ 64.714228, 65.533497, 68.143074, 69.495827 ] }, { "date": "2025-01-31", "close": 64.165459, "volume": 745666, "typical_volume": 1195071.25, "trend": 70.102396, "fair_value": 52.262345, "relative_strength": -8.734423, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.058925, "energy": 47.406829, "activity_lines": [ 64.603843, 65.036912, 67.543941, 69.114031 ] }, { "date": "2025-02-07", "close": 63.656733, "volume": 920921, "typical_volume": 1169240.4, "trend": 70.031548, "fair_value": 52.396363, "relative_strength": -9.441571, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.713061, "energy": 47.313326, "activity_lines": [ 64.313681, 64.595204, 66.963419, 68.698182 ] }, { "date": "2025-02-14", "close": 63.675574, "volume": 829900, "typical_volume": 1153553.05, "trend": 69.942927, "fair_value": 52.530199, "relative_strength": -10.8557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.714979, "energy": 47.802332, "activity_lines": [ 64.132172, 64.295618, 66.446072, 68.288119 ] }, { "date": "2025-02-21", "close": 64.966232, "volume": 890938, "typical_volume": 1135140.95, "trend": 69.806246, "fair_value": 52.677796, "relative_strength": -7.647991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.320314, "energy": 42.880093, "activity_lines": [ 64.294839, 64.351129, 66.115958, 67.967042 ] }, { "date": "2025-02-28", "close": 67.519284, "volume": 1449437, "typical_volume": 1131619.25, "trend": 69.774907, "fair_value": 52.829527, "relative_strength": -3.273192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.261003, "energy": 27.901146, "activity_lines": [ 65.331133, 64.919942, 66.079851, 67.819496 ] }, { "date": "2025-03-07", "close": 68.696891, "volume": 1357929, "typical_volume": 1122602.9, "trend": 69.771475, "fair_value": 52.980752, "relative_strength": 1.278872, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.266054, "energy": 18.445969, "activity_lines": [ 66.631211, 65.656352, 66.179676, 67.749947 ] }, { "date": "2025-03-14", "close": 70.750638, "volume": 1232020, "typical_volume": 1144889.35, "trend": 69.851528, "fair_value": 53.143129, "relative_strength": 6.402922, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 6.50602, "energy": 20.263937, "activity_lines": [ 68.313776, 66.680999, 66.487022, 67.813119 ] }, { "date": "2025-03-21", "close": 69.092567, "volume": 1558171, "typical_volume": 1165614.8, "trend": 69.743214, "fair_value": 53.291253, "relative_strength": 3.116569, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.336014, "energy": 23.415358, "activity_lines": [ 68.970724, 67.303118, 66.632447, 67.764153 ] }, { "date": "2025-03-28", "close": 70.373804, "volume": 978751, "typical_volume": 1093202.95, "trend": 69.591739, "fair_value": 53.435003, "relative_strength": 6.322519, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.310486, "energy": 33.727809, "activity_lines": [ 69.693618, 68.036232, 66.90945, 67.804837 ] }, { "date": "2025-04-04", "close": 68.122701, "volume": 1216584, "typical_volume": 1091773.75, "trend": 69.338239, "fair_value": 53.586041, "relative_strength": 12.671321, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.659053, "energy": 21.645265, "activity_lines": [ 69.305639, 68.267902, 66.996551, 67.71006 ] }, { "date": "2025-04-11", "close": 69.429085, "volume": 1463296, "typical_volume": 1128307.25, "trend": 69.044256, "fair_value": 53.745913, "relative_strength": 8.235451, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.445239, "energy": 21.137016, "activity_lines": [ 69.312894, 68.69101, 67.227956, 67.715921 ] }, { "date": "2025-04-18", "close": 72.251639, "volume": 900983, "typical_volume": 1112195.05, "trend": 68.901093, "fair_value": 53.92909, "relative_strength": 13.827497, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.527653, "energy": 27.748048, "activity_lines": [ 70.212188, 69.531608, 67.741709, 67.922849 ] }, { "date": "2025-04-25", "close": 71.669964, "volume": 921615, "typical_volume": 1107774.6, "trend": 68.717381, "fair_value": 54.125196, "relative_strength": 7.661329, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.69651, "energy": 28.921698, "activity_lines": [ 70.817522, 70.110176, 68.195461, 68.101486 ] }, { "date": "2025-05-02", "close": 72.346995, "volume": 1087400, "typical_volume": 1101457.9, "trend": 68.607386, "fair_value": 54.313941, "relative_strength": 5.39851, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.945475, "energy": 44.464469, "activity_lines": [ 71.476708, 70.666487, 68.707165, 68.335654 ] }, { "date": "2025-05-09", "close": 73.205204, "volume": 1535275, "typical_volume": 1063045.25, "trend": 68.63047, "fair_value": 54.504458, "relative_strength": 6.861142, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.6587, "energy": 64.176996, "activity_lines": [ 72.290417, 71.244641, 69.278319, 68.632288 ] }, { "date": "2025-05-16", "close": 71.679499, "volume": 958974, "typical_volume": 1084128.5, "trend": 68.646407, "fair_value": 54.678908, "relative_strength": -0.704731, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.452969, "energy": 53.219025, "activity_lines": [ 72.256724, 71.442014, 69.66491, 68.828999 ] }, { "date": "2025-05-23", "close": 69.104873, "volume": 1044076, "typical_volume": 1079729.25, "trend": 68.619613, "fair_value": 54.82081, "relative_strength": -1.877725, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.314151, "energy": 32.289216, "activity_lines": [ 71.214795, 71.117044, 69.769789, 68.858578 ] }, { "date": "2025-05-30", "close": 69.143016, "volume": 1530602, "typical_volume": 1109215.9, "trend": 68.554411, "fair_value": 54.961525, "relative_strength": -3.567955, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.047193, "energy": 20.170319, "activity_lines": [ 70.395365, 70.828932, 69.859669, 68.892346 ] }, { "date": "2025-06-06", "close": 69.143016, "volume": 1988464, "typical_volume": 1166395.1, "trend": 68.341957, "fair_value": 55.092735, "relative_strength": -5.174204, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.971999, "energy": 20.201931, "activity_lines": [ 69.744398, 70.539902, 69.917368, 68.93032 ] }, { "date": "2025-06-13", "close": 67.636383, "volume": 1291352, "typical_volume": 1195117.7, "trend": 68.186543, "fair_value": 55.215821, "relative_strength": -6.918874, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.79121, "energy": 18.44291, "activity_lines": [ 68.804818, 69.999317, 69.813304, 68.884799 ] }, { "date": "2025-06-20", "close": 67.483812, "volume": 1390574, "typical_volume": 1227363.1, "trend": 68.026974, "fair_value": 55.333381, "relative_strength": -6.992149, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.229256, "energy": 15.804979, "activity_lines": [ 68.185636, 69.439835, 69.684955, 68.839462 ] }, { "date": "2025-06-27", "close": 67.550562, "volume": 1972980, "typical_volume": 1279966.05, "trend": 67.902489, "fair_value": 55.447039, "relative_strength": -9.937524, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.925143, "energy": 21.042102, "activity_lines": [ 67.868417, 68.927857, 69.547161, 68.808726 ] }, { "date": "2025-07-04", "close": 68.378951, "volume": 1033808, "typical_volume": 1290161.45, "trend": 67.838478, "fair_value": 55.571763, "relative_strength": -10.258369, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.246727, "energy": 17.275842, "activity_lines": [ 67.930948, 68.651969, 69.469719, 68.839465 ] }, { "date": "2025-07-11", "close": 68.765272, "volume": 1314746, "typical_volume": 1311351.85, "trend": 67.875075, "fair_value": 55.696994, "relative_strength": -9.378555, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.588256, "energy": 16.23947, "activity_lines": [ 68.17319, 68.506159, 69.406673, 68.899258 ] }, { "date": "2025-07-18", "close": 68.079551, "volume": 1467100, "typical_volume": 1312235.0, "trend": 67.979026, "fair_value": 55.811243, "relative_strength": -10.652748, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.906882, "energy": 9.17186, "activity_lines": [ 68.212042, 68.300794, 69.26023, 68.91245 ] }, { "date": "2025-07-25", "close": 68.668692, "volume": 821958, "typical_volume": 1285436.45, "trend": 68.134235, "fair_value": 55.915217, "relative_strength": -10.93488, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.619918, "energy": 10.217792, "activity_lines": [ 68.41773, 68.295739, 69.167227, 68.956945 ] }, { "date": "2025-08-01", "close": 68.890827, "volume": 1209539, "typical_volume": 1284312.4, "trend": 68.257518, "fair_value": 56.029896, "relative_strength": -8.15533, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.766209, "energy": 10.426215, "activity_lines": [ 68.61847, 68.385814, 69.095514, 69.005757 ] }, { "date": "2025-08-08", "close": 72.358065, "volume": 1345439, "typical_volume": 1273675.8, "trend": 68.589956, "fair_value": 56.150676, "relative_strength": -5.61577, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.663951, "energy": 28.416473, "activity_lines": [ 69.885606, 69.110188, 69.362871, 69.270309 ] }, { "date": "2025-08-15", "close": 72.106956, "volume": 1158705, "typical_volume": 1282673.5, "trend": 68.816675, "fair_value": 56.268445, "relative_strength": -6.667863, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.2727, "energy": 45.446106, "activity_lines": [ 70.803764, 69.73045, 69.590762, 69.497212 ] }, { "date": "2025-08-22", "close": 75.207188, "volume": 896975, "typical_volume": 1266693.05, "trend": 69.137314, "fair_value": 56.406918, "relative_strength": -2.722964, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.336438, "energy": 75.181337, "activity_lines": [ 72.532554, 70.860501, 70.105661, 69.909503 ] }, { "date": "2025-08-29", "close": 75.612825, "volume": 985493, "typical_volume": 1242802.9, "trend": 69.518893, "fair_value": 56.559035, "relative_strength": -1.885785, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.487327, "energy": 83.081417, "activity_lines": [ 73.92138, 71.926654, 70.625456, 70.327278 ] }, { "date": "2025-09-05", "close": 75.719064, "volume": 718149, "typical_volume": 1233661.2, "trend": 69.920971, "fair_value": 56.701463, "relative_strength": -1.686392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.941303, "energy": 84.525741, "activity_lines": [ 74.882677, 72.864322, 71.125923, 70.727289 ] }, { "date": "2025-09-12", "close": 75.612825, "volume": 1087751, "typical_volume": 1241968.0, "trend": 70.318879, "fair_value": 56.862291, "relative_strength": -2.936127, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.88311, "energy": 83.733997, "activity_lines": [ 75.353346, 73.634156, 71.59976, 71.094505 ] }, { "date": "2025-09-19", "close": 75.825302, "volume": 1195627, "typical_volume": 1247379.35, "trend": 70.680848, "fair_value": 57.041178, "relative_strength": -3.506131, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.037347, "energy": 79.663274, "activity_lines": [ 75.677856, 74.311097, 72.075057, 71.449758 ] }, { "date": "2025-09-26", "close": 77.11948, "volume": 966214, "typical_volume": 1218926.3, "trend": 71.000855, "fair_value": 57.237644, "relative_strength": -1.256962, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.768464, "energy": 72.668902, "activity_lines": [ 76.185869, 75.094979, 72.657046, 71.865154 ] }, { "date": "2025-10-03", "close": 76.683238, "volume": 1072801, "typical_volume": 1224617.65, "trend": 71.267066, "fair_value": 57.45882, "relative_strength": -2.597635, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.419988, "energy": 56.915695, "activity_lines": [ 76.420982, 75.635181, 73.178849, 72.231759 ] }, { "date": "2025-10-10", "close": 71.94488, "volume": 1117513, "typical_volume": 1228289.5, "trend": 71.306875, "fair_value": 57.644668, "relative_strength": -6.098045, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.573489, "energy": 35.520174, "activity_lines": [ 75.005281, 75.168146, 73.225552, 72.275489 ] }, { "date": "2025-10-17", "close": 73.615518, "volume": 1263599, "typical_volume": 1214939.35, "trend": 71.45764, "fair_value": 57.827631, "relative_strength": -5.368419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.263517, "energy": 26.850805, "activity_lines": [ 74.398072, 74.949334, 73.41784, 72.424434 ] }, { "date": "2025-10-24", "close": 73.439661, "volume": 568826, "typical_volume": 1143957.45, "trend": 71.559835, "fair_value": 57.997978, "relative_strength": -7.177391, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.210508, "energy": 21.901002, "activity_lines": [ 73.865398, 74.675685, 73.572082, 72.552306 ] }, { "date": "2025-10-31", "close": 72.794854, "volume": 1056308, "typical_volume": 1132205.25, "trend": 71.715573, "fair_value": 58.171569, "relative_strength": -8.350243, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.803801, "energy": 23.554459, "activity_lines": [ 73.276831, 74.260568, 73.644454, 72.631985 ] }, { "date": "2025-11-07", "close": 75.03214, "volume": 1316682, "typical_volume": 1128510.65, "trend": 71.902342, "fair_value": 58.350807, "relative_strength": -3.718588, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.862434, "energy": 19.458254, "activity_lines": [ 73.722334, 74.296091, 73.905336, 72.845957 ] }, { "date": "2025-11-14", "close": 75.374084, "volume": 883750, "typical_volume": 1074049.15, "trend": 72.006423, "fair_value": 58.55105, "relative_strength": -3.213692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.616394, "energy": 20.62981, "activity_lines": [ 74.391892, 74.404343, 74.16284, 73.06994 ] }, { "date": "2025-11-21", "close": 77.044721, "volume": 835232, "typical_volume": 1064120.35, "trend": 72.185582, "fair_value": 58.756363, "relative_strength": 0.967273, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.828452, "energy": 37.234694, "activity_lines": [ 75.389715, 74.82262, 74.542197, 73.394992 ] }, { "date": "2025-11-28", "close": 77.650449, "volume": 670354, "typical_volume": 1031900.75, "trend": 72.362364, "fair_value": 58.953966, "relative_strength": -1.766544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.938009, "energy": 58.877186, "activity_lines": [ 76.360834, 75.324995, 74.937978, 73.747564 ] }, { "date": "2025-12-05", "close": 76.60508, "volume": 776405, "typical_volume": 997366.0, "trend": 72.475693, "fair_value": 59.146238, "relative_strength": -3.328241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.819886, "energy": 57.440985, "activity_lines": [ 76.702778, 75.604118, 75.191888, 74.021288 ] }, { "date": "2025-12-12", "close": 75.510861, "volume": 1410074, "typical_volume": 1026771.8, "trend": 72.603405, "fair_value": 59.338346, "relative_strength": -4.118456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.250052, "energy": 48.083318, "activity_lines": [ 76.425967, 75.693645, 75.30099, 74.217105 ] }, { "date": "2025-12-19", "close": 76.0482, "volume": 1593828, "typical_volume": 1045986.25, "trend": 72.834849, "fair_value": 59.540855, "relative_strength": -3.561646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.730635, "energy": 32.215411, "activity_lines": [ 76.296354, 75.902186, 75.428685, 74.43935 ] }, { "date": "2025-12-26", "close": 75.354544, "volume": 582311, "typical_volume": 1007829.85, "trend": 73.0419, "fair_value": 59.743966, "relative_strength": -5.791796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.489543, "energy": 20.355725, "activity_lines": [ 75.890581, 75.910002, 75.456235, 74.601911 ] }, { "date": "2026-01-02", "close": 75.985461, "volume": 887866, "typical_volume": 994287.9, "trend": 73.269982, "fair_value": 59.940614, "relative_strength": -4.007059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.58177, "energy": 17.026745, "activity_lines": [ 75.807792, 76.000911, 75.529604, 74.791818 ] }, { "date": "2026-01-09", "close": 76.509499, "volume": 944739, "typical_volume": 996676.1, "trend": 73.565752, "fair_value": 60.135422, "relative_strength": -4.886718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.717236, "energy": 19.889734, "activity_lines": [ 76.010682, 76.140813, 75.634411, 75.000819 ] }, { "date": "2026-01-16", "close": 79.268112, "volume": 851453, "typical_volume": 989974.1, "trend": 73.958562, "fair_value": 60.342606, "relative_strength": -1.180264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.313056, "energy": 38.38636, "activity_lines": [ 77.139482, 76.714742, 75.995743, 75.368713 ] }, { "date": "2026-01-23", "close": 78.526549, "volume": 789863, "typical_volume": 993559.8, "trend": 74.324428, "fair_value": 60.536889, "relative_strength": -1.83756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.815442, "energy": 50.050593, "activity_lines": [ 77.77061, 77.076823, 76.269043, 75.663422 ] }, { "date": "2026-01-30", "close": 81.196175, "volume": 1127375, "typical_volume": 995541.0, "trend": 74.751669, "fair_value": 60.74019, "relative_strength": 0.939275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.663708, "energy": 68.932936, "activity_lines": [ 79.126391, 77.866974, 76.783224, 76.10676 ] }, { "date": "2026-02-06", "close": 83.124238, "volume": 1436786, "typical_volume": 1007598.95, "trend": 75.230301, "fair_value": 60.962068, "relative_strength": 3.31319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.498993, "energy": 79.084465, "activity_lines": [ 80.735417, 78.9322, 77.454443, 76.646926 ] }, { "date": "2026-02-13", "close": 88.30529, "volume": 1505755, "typical_volume": 1034576.0, "trend": 75.904493, "fair_value": 61.214479, "relative_strength": 10.744253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.357053, "energy": 89.100179, "activity_lines": [ 83.595542, 80.839913, 78.584338, 77.490474 ] }, { "date": "2026-02-20", "close": 87.71204, "volume": 798076, "typical_volume": 1020839.75, "trend": 76.539271, "fair_value": 61.483349, "relative_strength": 8.459814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.6759, "energy": 90.109237, "activity_lines": [ 85.471532, 82.42703, 79.604468, 78.252251 ] }, { "date": "2026-02-27", "close": 83.124238, "volume": 2383944, "typical_volume": 1084161.3, "trend": 77.013718, "fair_value": 61.727313, "relative_strength": 3.197182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.976784, "energy": 77.855716, "activity_lines": [ 85.255325, 82.958162, 80.135146, 78.677088 ] }, { "date": "2026-03-06", "close": 83.668051, "volume": 1823317, "typical_volume": 1112147.2, "trend": 77.390717, "fair_value": 61.988916, "relative_strength": 5.909683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.09416, "energy": 58.33444, "activity_lines": [ 84.913876, 83.459514, 80.664381, 79.1064 ] }, { "date": "2026-03-13", "close": 84.211864, "volume": 1324684, "typical_volume": 1149940.1, "trend": 77.794214, "fair_value": 62.255505, "relative_strength": 8.222595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.607336, "energy": 45.608761, "activity_lines": [ 84.588907, 83.908587, 81.197538, 79.546473 ] }, { "date": "2026-03-20", "close": 80.948988, "volume": 1934465, "typical_volume": 1193847.95, "trend": 77.985608, "fair_value": 62.509809, "relative_strength": 5.921028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.002932, "energy": 25.876795, "activity_lines": [ 83.103804, 83.614838, 81.368649, 79.750007 ] }, { "date": "2026-03-27", "close": 81.275275, "volume": 1894212, "typical_volume": 1222724.45, "trend": 78.174356, "fair_value": 62.749406, "relative_strength": 8.775199, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.819929, "energy": 19.324953, "activity_lines": [ 82.217884, 83.299697, 81.532006, 79.962244 ] }, { "date": "2026-04-03", "close": 83.16, "volume": 1267773, "typical_volume": 1241925.6, "trend": 78.422387, "fair_value": 63.007248, "relative_strength": 7.77652, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.391005, "energy": 18.240369, "activity_lines": [ 82.389323, 83.290738, 81.845131, 80.283898 ] }, { "date": "2026-04-10", "close": 86.48, "volume": 1149664, "typical_volume": 1257647.2, "trend": 78.784626, "fair_value": 63.287683, "relative_strength": 8.256563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.714881, "energy": 26.171156, "activity_lines": [ 83.665044, 83.801172, 82.437371, 80.803744 ] }, { "date": "2026-04-17", "close": 85.65, "volume": 1082832, "typical_volume": 1278271.1, "trend": 79.112116, "fair_value": 63.563997, "relative_strength": 2.892073, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.148497, "energy": 34.792061, "activity_lines": [ 84.476636, 84.064627, 82.905633, 81.246672 ] }, { "date": "2026-04-24", "close": 77.0, "volume": 2421365, "typical_volume": 1360519.1, "trend": 79.108134, "fair_value": 63.786062, "relative_strength": -7.630951, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.31522, "energy": 10.435988, "activity_lines": [ 82.309018, 82.709431, 82.511993, 81.110406 ] }, { "date": "2026-05-01", "close": 75.795602, "volume": 1723794, "typical_volume": 1376205.1, "trend": 79.078546, "fair_value": 64.002971, "relative_strength": -9.565803, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.07702, "energy": 11.450205, "activity_lines": [ 80.003201, 81.340805, 82.001767, 80.896694 ] }, { "date": "2026-05-08", "close": 74.362887, "volume": 3115284, "typical_volume": 1452277.9, "trend": 79.159146, "fair_value": 64.187128, "relative_strength": -12.878649, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.058763, "energy": 40.385604, "activity_lines": [ 77.585123, 79.928348, 81.353737, 80.592458 ] }, { "date": "2026-05-15", "close": 73.740396, "volume": 2606675, "typical_volume": 1553496.1, "trend": 79.163309, "fair_value": 64.373405, "relative_strength": -13.469072, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.457654, "energy": 58.230903, "activity_lines": [ 75.546022, 78.562008, 80.654447, 80.242862 ] }, { "date": "2026-05-22", "close": 75.509059, "volume": 1590409, "typical_volume": 1588623.25, "trend": 79.232289, "fair_value": 64.575875, "relative_strength": -11.876856, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.048872, "energy": 58.746437, "activity_lines": [ 74.945783, 77.697745, 80.131287, 80.007103 ] }, { "date": "2026-05-29", "close": 72.41637, "volume": 2419612, "typical_volume": 1662366.9, "trend": 79.219672, "fair_value": 64.746899, "relative_strength": -16.376341, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.78134, "energy": 68.138717, "activity_lines": [ 73.99071, 76.429409, 79.315855, 79.567367 ] }, { "date": "2026-06-05", "close": 69.590461, "volume": 2158357, "typical_volume": 1727712.1, "trend": 79.038283, "fair_value": 64.905046, "relative_strength": -17.266092, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.474319, "energy": 81.322501, "activity_lines": [ 72.399243, 74.802409, 78.250779, 78.946127 ] }, { "date": "2026-06-12", "close": 71.240555, "volume": 1962238, "typical_volume": 1786330.85, "trend": 78.900499, "fair_value": 65.066624, "relative_strength": -15.519671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.922372, "energy": 71.742538, "activity_lines": [ 71.771483, 73.687878, 77.388939, 78.443048 ] }, { "date": "2026-06-19", "close": 69.975812, "volume": 1402582, "typical_volume": 1800091.2, "trend": 78.664869, "fair_value": 65.235097, "relative_strength": -17.489772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.6914, "energy": 78.361747, "activity_lines": [ 70.930297, 72.560111, 76.441343, 77.867262 ] }, { "date": "2026-06-26", "close": 76.62559, "volume": 5854750, "typical_volume": 2020989.4, "trend": 78.630707, "fair_value": 65.435392, "relative_strength": -7.355472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.556055, "energy": 46.995566, "activity_lines": [ 72.556677, 72.94147, 76.180489, 77.735696 ] }, { "date": "2026-07-03", "close": 77.49, "volume": 9995392, "typical_volume": 2445471.25, "trend": 78.660204, "fair_value": 65.642171, "relative_strength": -8.195336, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.228288, "energy": 28.344859, "activity_lines": [ 74.396758, 73.644075, 76.032905, 77.662102 ] }, { "date": "2026-07-10", "close": 75.33, "volume": 2093245, "typical_volume": 2510229.7, "trend": 78.654175, "fair_value": 65.826668, "relative_strength": -11.781367, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.826624, "energy": 22.312043, "activity_lines": [ 75.178597, 73.945043, 75.731109, 77.44725 ] }, { "date": "2026-07-17", "close": 79.61, "volume": 2066718, "typical_volume": 2494368.4, "trend": 78.772902, "fair_value": 66.026837, "relative_strength": -5.265109, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.505732, "energy": 21.828944, "activity_lines": [ 77.004466, 75.032659, 75.895894, 77.508916 ] }, { "date": "2026-07-24", "close": 80.54, "volume": 1954269, "typical_volume": 2500916.0, "trend": 78.94575, "fair_value": 66.23774, "relative_strength": -3.593258, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.51739, "energy": 22.357962, "activity_lines": [ 78.582373, 76.193964, 76.165985, 77.622922 ] }, { "date": "2026-07-31", "close": 76.65, "volume": 1971675, "typical_volume": 2533265.55, "trend": 78.967902, "fair_value": 66.425816, "relative_strength": -9.098715, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.579265, "energy": 18.147269, "activity_lines": [ 78.159333, 76.524366, 76.080495, 77.474809 ] }, { "date": "2026-08-07", "close": 75.3, "volume": 1575395, "typical_volume": 2515312.05, "trend": 78.927585, "fair_value": 66.620166, "relative_strength": -13.471875, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.697437, "energy": 15.816752, "activity_lines": [ 77.284667, 76.58857, 75.902443, 77.23817 ] } ], "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." } } }