{ "ticker": { "uuid": "2f5afef2-a917-40cd-b56b-7773685d136e", "symbol": "BBH", "name": "VANECK BIOTECH ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 86.055, "architecture_energy": 75.972, "architecture_maturity": 17.613, "architecture_confidence": 71.056, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 16.53, "rotation_up": 76.96, "upward_expansion": 90.42, "deceleration": 46.23, "rotation_down": 12.64, "downward_expansion": 14.75 }, "activity_lines": [ 208.725633, 205.418444, 198.226217, 195.343826 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 216.5777, "trend_reference": 193.345403, "distance_from_trend": 0.12016, "trend_direction": "Improving", "fair_value": 169.507762, "distance_from_fair_value": 0.277686, "fair_value_direction": "Improving", "relative_strength": 1.164448, "relative_strength_direction": "Improving", "price_momentum": 0.086406, "excess_performance": -0.101048, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.12016, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018675, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.277686, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.166035, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.011644, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.13992, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.086406, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.3518, "read": "Demand-led" } ], "volume": { "latest": 29458, "relative_activity": 1.167396, "balance": 1.3518, "dry_up": 1.047725, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.035417, "annualized_volatility": 0.20346, "from_high_reference": 0.0, "from_low_reference": 0.370786 }, "levels": { "trend_reference": 193.345403, "fair_value_reference": 169.507762, "structural_low": 179.245939, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": 0.011411, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": -0.020591, "regime_survival": 0.708333, "best_return": 0.09193, "worst_return": -0.10633, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.021494, "positive_rate": 0.222222, "directional_follow_through": 0.222222, "median_excess_return": -0.069823, "regime_survival": 0.444444, "best_return": 0.15582, "worst_return": -0.090551, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.031166, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.181715, "regime_survival": 0.4, "best_return": 0.127633, "worst_return": -0.12695, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.092282, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.294447, "regime_survival": 0.0, "best_return": -0.048346, "worst_return": -0.21419, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.002759, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-15", "end": "2024-12-13", "tenure": "Developing", "return": 0.034893, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-02-28", "tenure": "Developing", "return": 0.046174, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": -0.045487, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-06-20", "tenure": "Developing", "return": 0.045623, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.0352, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-29", "tenure": "Developing", "return": 0.062636, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-03-27", "tenure": "Extended", "return": 0.074717, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.031903, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": -0.020945, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": 0.02102, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": 0.069576, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": -0.027399, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.05762, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 156.128512, "volume": 22606, "typical_volume": 33035.6, "trend": 157.365598, "fair_value": 166.106198, "relative_strength": -13.957359, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.776111, "energy": 11.756381, "activity_lines": [ 157.803371, 156.902589, 156.514089, 156.729831 ] }, { "date": "2023-08-25", "close": 159.180412, "volume": 54121, "typical_volume": 31518.8, "trend": 157.132379, "fair_value": 166.138803, "relative_strength": -13.573775, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.450442, "energy": 15.078143, "activity_lines": [ 158.044181, 157.417717, 156.710224, 156.846916 ] }, { "date": "2023-09-01", "close": 162.089791, "volume": 21955, "typical_volume": 30835.4, "trend": 157.053747, "fair_value": 166.212574, "relative_strength": -14.976095, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.657804, "energy": 46.192358, "activity_lines": [ 159.36618, 158.454318, 157.198467, 157.166749 ] }, { "date": "2023-09-08", "close": 157.381708, "volume": 21471, "typical_volume": 30607.9, "trend": 156.968235, "fair_value": 166.270009, "relative_strength": -16.101641, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.958322, "energy": 25.093848, "activity_lines": [ 158.946482, 158.493545, 157.243564, 157.187908 ] }, { "date": "2023-09-15", "close": 157.499655, "volume": 19720, "typical_volume": 29962.3, "trend": 156.867979, "fair_value": 166.297267, "relative_strength": -15.3922, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.813094, "energy": 26.348083, "activity_lines": [ 158.518921, 158.481482, 157.319317, 157.222193 ] }, { "date": "2023-09-22", "close": 153.027467, "volume": 29745, "typical_volume": 29184.95, "trend": 156.885344, "fair_value": 166.288185, "relative_strength": -14.732653, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.380635, "energy": 9.657419, "activity_lines": [ 156.709405, 157.51976, 156.966761, 156.974418 ] }, { "date": "2023-09-29", "close": 153.066783, "volume": 41297, "typical_volume": 29643.4, "trend": 156.698921, "fair_value": 166.273181, "relative_strength": -14.496025, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.952676, "energy": 26.042193, "activity_lines": [ 155.11973, 156.596104, 156.641023, 156.728059 ] }, { "date": "2023-10-06", "close": 153.479601, "volume": 24282, "typical_volume": 29446.8, "trend": 156.857167, "fair_value": 166.215357, "relative_strength": -15.442175, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.159917, "energy": 46.972387, "activity_lines": [ 154.075237, 155.889042, 156.369486, 156.520361 ] }, { "date": "2023-10-13", "close": 154.147972, "volume": 22664, "typical_volume": 29250.55, "trend": 156.902381, "fair_value": 166.185954, "relative_strength": -14.788969, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.166972, "energy": 51.578577, "activity_lines": [ 153.827547, 155.413051, 156.17864, 156.345574 ] }, { "date": "2023-10-20", "close": 147.3816, "volume": 56869, "typical_volume": 31162.05, "trend": 156.633096, "fair_value": 166.13962, "relative_strength": -15.7204, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.902749, "energy": 73.246222, "activity_lines": [ 151.539982, 153.752739, 155.338931, 155.73133 ] }, { "date": "2023-10-27", "close": 141.468581, "volume": 45196, "typical_volume": 32161.95, "trend": 156.038115, "fair_value": 166.096608, "relative_strength": -16.457418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.922995, "energy": 85.501583, "activity_lines": [ 147.955947, 151.230963, 153.974196, 154.752974 ] }, { "date": "2023-11-03", "close": 149.154847, "volume": 55448, "typical_volume": 33907.1, "trend": 155.598759, "fair_value": 166.051226, "relative_strength": -16.692965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.923949, "energy": 72.709844, "activity_lines": [ 147.704594, 150.373234, 153.407059, 154.308893 ] }, { "date": "2023-11-10", "close": 145.193766, "volume": 54979, "typical_volume": 35084.5, "trend": 154.998863, "fair_value": 165.967449, "relative_strength": -20.627579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.793117, "energy": 77.630777, "activity_lines": [ 146.393676, 148.977591, 152.508451, 153.637603 ] }, { "date": "2023-11-17", "close": 147.149734, "volume": 43423, "typical_volume": 35677.8, "trend": 154.52183, "fair_value": 165.926178, "relative_strength": -20.545976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.419285, "energy": 65.328461, "activity_lines": [ 146.287136, 148.24478, 151.839561, 153.131207 ] }, { "date": "2023-11-24", "close": 148.810833, "volume": 45064, "typical_volume": 36945.45, "trend": 154.248912, "fair_value": 165.850925, "relative_strength": -19.767223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.50455, "energy": 42.487887, "activity_lines": [ 147.200845, 148.000022, 151.358545, 152.762756 ] }, { "date": "2023-12-01", "close": 151.022354, "volume": 71631, "typical_volume": 39372.7, "trend": 154.020552, "fair_value": 165.751654, "relative_strength": -18.05064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.982998, "energy": 30.064923, "activity_lines": [ 148.756446, 148.315337, 151.093767, 152.554591 ] }, { "date": "2023-12-08", "close": 151.327053, "volume": 71701, "typical_volume": 41510.2, "trend": 153.858374, "fair_value": 165.653026, "relative_strength": -17.720096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.043474, "energy": 19.680539, "activity_lines": [ 149.776694, 148.722509, 150.875653, 152.380817 ] }, { "date": "2023-12-15", "close": 159.642374, "volume": 81879, "typical_volume": 44634.05, "trend": 153.944541, "fair_value": 165.573836, "relative_strength": -15.339324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.36414, "energy": 15.65623, "activity_lines": [ 153.423903, 150.673189, 151.494828, 152.753978 ] }, { "date": "2023-12-22", "close": 161.30705, "volume": 130990, "typical_volume": 50101.3, "trend": 154.214302, "fair_value": 165.520661, "relative_strength": -14.538993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.491951, "energy": 36.214421, "activity_lines": [ 156.662763, 152.814487, 152.271888, 153.228979 ] }, { "date": "2023-12-29", "close": 163.202573, "volume": 57369, "typical_volume": 48620.5, "trend": 154.47484, "fair_value": 165.504857, "relative_strength": -13.115409, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.453663, "energy": 52.895881, "activity_lines": [ 159.589643, 155.170261, 153.207413, 153.808867 ] }, { "date": "2024-01-05", "close": 165.81879, "volume": 55930, "typical_volume": 50286.7, "trend": 154.8275, "fair_value": 165.468775, "relative_strength": -8.185288, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.95527, "energy": 66.110776, "activity_lines": [ 162.429146, 157.714056, 154.372713, 154.540735 ] }, { "date": "2024-01-12", "close": 166.233436, "volume": 81063, "typical_volume": 51633.8, "trend": 155.076362, "fair_value": 165.401806, "relative_strength": -10.125249, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.341946, "energy": 81.237339, "activity_lines": [ 164.420436, 159.89051, 155.53136, 155.276601 ] }, { "date": "2024-01-19", "close": 165.394272, "volume": 65321, "typical_volume": 53802.1, "trend": 155.445669, "fair_value": 165.29003, "relative_strength": -12.322812, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.482242, "energy": 79.12094, "activity_lines": [ 165.138245, 161.603869, 156.5765, 155.942273 ] }, { "date": "2024-01-26", "close": 164.663705, "volume": 45910, "typical_volume": 55024.05, "trend": 155.821749, "fair_value": 165.173502, "relative_strength": -12.590282, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.738294, "energy": 75.016369, "activity_lines": [ 165.229072, 162.817116, 157.536327, 156.536985 ] }, { "date": "2024-02-02", "close": 163.242063, "volume": 42278, "typical_volume": 56151.95, "trend": 156.263474, "fair_value": 165.012633, "relative_strength": -13.797464, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.132838, "energy": 62.836774, "activity_lines": [ 164.622241, 163.453447, 158.326083, 157.015715 ] }, { "date": "2024-02-09", "close": 160.023623, "volume": 27472, "typical_volume": 56038.3, "trend": 156.439998, "fair_value": 164.813046, "relative_strength": -16.428106, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.731446, "energy": 39.493102, "activity_lines": [ 162.939964, 163.242221, 158.781977, 157.258305 ] }, { "date": "2024-02-16", "close": 159.796555, "volume": 36391, "typical_volume": 55793.0, "trend": 156.404839, "fair_value": 164.655374, "relative_strength": -14.670819, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.23781, "energy": 28.011248, "activity_lines": [ 161.568343, 162.82605, 159.182929, 157.474857 ] }, { "date": "2024-02-23", "close": 163.676454, "volume": 25408, "typical_volume": 55849.3, "trend": 156.543895, "fair_value": 164.584343, "relative_strength": -13.260916, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.788679, "energy": 25.257565, "activity_lines": [ 161.919146, 162.961325, 159.92135, 157.943994 ] }, { "date": "2024-03-01", "close": 163.686326, "volume": 33123, "typical_volume": 56372.25, "trend": 156.777639, "fair_value": 164.553554, "relative_strength": -14.342579, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.346161, "energy": 25.085996, "activity_lines": [ 162.387761, 163.025047, 160.612154, 158.404796 ] }, { "date": "2024-03-08", "close": 163.301298, "volume": 28336, "typical_volume": 54945.6, "trend": 156.91664, "fair_value": 164.511284, "relative_strength": -12.685591, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.150029, "energy": 28.363007, "activity_lines": [ 162.793193, 162.975505, 161.220868, 158.825677 ] }, { "date": "2024-03-15", "close": 161.099727, "volume": 23318, "typical_volume": 53851.7, "trend": 157.082347, "fair_value": 164.425926, "relative_strength": -12.325728, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.630281, "energy": 29.526909, "activity_lines": [ 162.460818, 162.523882, 161.544101, 159.095554 ] }, { "date": "2024-03-22", "close": 163.084103, "volume": 22234, "typical_volume": 52191.0, "trend": 157.21247, "fair_value": 164.391214, "relative_strength": -13.293347, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.854919, "energy": 32.245726, "activity_lines": [ 162.718162, 162.518856, 161.96284, 159.482764 ] }, { "date": "2024-03-29", "close": 164.20957, "volume": 46237, "typical_volume": 51753.9, "trend": 157.283129, "fair_value": 164.335867, "relative_strength": -11.705494, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.138606, "energy": 34.268487, "activity_lines": [ 163.131491, 162.775721, 162.422437, 159.93419 ] }, { "date": "2024-04-05", "close": 158.542745, "volume": 43315, "typical_volume": 51748.5, "trend": 157.32183, "fair_value": 164.244944, "relative_strength": -13.455999, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.821414, "energy": 10.661307, "activity_lines": [ 161.620338, 162.023795, 162.251784, 160.015455 ] }, { "date": "2024-04-12", "close": 155.58099, "volume": 52192, "typical_volume": 52104.9, "trend": 157.257875, "fair_value": 164.078274, "relative_strength": -14.007514, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.808776, "energy": 12.475037, "activity_lines": [ 159.464838, 160.844657, 161.744808, 159.903143 ] }, { "date": "2024-04-19", "close": 150.417664, "volume": 35087, "typical_volume": 50277.7, "trend": 157.170881, "fair_value": 163.866301, "relative_strength": -11.50461, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.967184, "energy": 49.847044, "activity_lines": [ 156.102917, 158.866025, 160.713847, 159.461839 ] }, { "date": "2024-04-26", "close": 153.606487, "volume": 76228, "typical_volume": 50504.05, "trend": 157.188872, "fair_value": 163.669575, "relative_strength": -12.508507, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.100995, "energy": 52.71556, "activity_lines": [ 154.516075, 157.641833, 159.989463, 159.231878 ] }, { "date": "2024-05-03", "close": 162.086979, "volume": 18435, "typical_volume": 47331.85, "trend": 157.475784, "fair_value": 163.585289, "relative_strength": -8.107373, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.621129, "energy": 31.877844, "activity_lines": [ 156.387904, 158.072095, 160.06189, 159.547885 ] }, { "date": "2024-05-10", "close": 161.968508, "volume": 26343, "typical_volume": 42099.5, "trend": 157.736469, "fair_value": 163.511445, "relative_strength": -9.034498, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 15.162262, "energy": 15.897756, "activity_lines": [ 158.361749, 158.509717, 160.111394, 159.837738 ] }, { "date": "2024-05-17", "close": 165.848407, "volume": 35889, "typical_volume": 41025.5, "trend": 158.352029, "fair_value": 163.437314, "relative_strength": -8.406212, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.585635, "energy": 30.553313, "activity_lines": [ 161.400509, 159.684008, 160.527262, 160.361089 ] }, { "date": "2024-05-24", "close": 165.907643, "volume": 24610, "typical_volume": 39459.5, "trend": 159.166664, "fair_value": 163.348386, "relative_strength": -9.261904, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.171033, "energy": 43.049491, "activity_lines": [ 163.774521, 160.822758, 160.936172, 160.848548 ] }, { "date": "2024-05-31", "close": 162.491752, "volume": 20248, "typical_volume": 36418.75, "trend": 159.611228, "fair_value": 163.217761, "relative_strength": -9.350918, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.617429, "energy": 37.835319, "activity_lines": [ 163.977237, 161.25302, 161.019336, 161.06307 ] }, { "date": "2024-06-07", "close": 166.063135, "volume": 18277, "typical_volume": 34066.55, "trend": 160.306873, "fair_value": 163.03874, "relative_strength": -9.450268, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.607621, "energy": 53.20621, "activity_lines": [ 164.778062, 162.343395, 161.46045, 161.479322 ] }, { "date": "2024-06-14", "close": 164.722941, "volume": 33645, "typical_volume": 33453.3, "trend": 160.892647, "fair_value": 162.879353, "relative_strength": -12.839656, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.165069, "energy": 49.278177, "activity_lines": [ 164.86708, 163.156397, 161.770741, 161.764229 ] }, { "date": "2024-06-21", "close": 166.105093, "volume": 25871, "typical_volume": 32632.95, "trend": 161.469122, "fair_value": 162.692341, "relative_strength": -11.937517, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.685322, "energy": 37.080735, "activity_lines": [ 165.233185, 164.108332, 162.212383, 162.100516 ] }, { "date": "2024-06-28", "close": 166.263053, "volume": 54663, "typical_volume": 33992.5, "trend": 161.977146, "fair_value": 162.487691, "relative_strength": -11.491322, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.049097, "energy": 38.069477, "activity_lines": [ 165.634832, 164.897639, 162.655436, 162.409802 ] }, { "date": "2024-07-05", "close": 166.075475, "volume": 23301, "typical_volume": 33338.0, "trend": 162.46876, "fair_value": 162.299299, "relative_strength": -14.302887, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.490102, "energy": 35.356879, "activity_lines": [ 165.950259, 165.364744, 163.050912, 162.67421 ] }, { "date": "2024-07-12", "close": 174.585585, "volume": 20232, "typical_volume": 33079.2, "trend": 162.966867, "fair_value": 162.172531, "relative_strength": -9.408147, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.064217, "energy": 67.004037, "activity_lines": [ 168.863474, 167.152432, 164.226976, 163.455941 ] }, { "date": "2024-07-19", "close": 173.519353, "volume": 41437, "typical_volume": 33494.9, "trend": 163.373944, "fair_value": 161.982228, "relative_strength": -5.945042, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.964131, "energy": 73.412809, "activity_lines": [ 170.853115, 168.519013, 165.249545, 164.136747 ] }, { "date": "2024-07-26", "close": 176.777283, "volume": 22042, "typical_volume": 33180.2, "trend": 163.826434, "fair_value": 161.820018, "relative_strength": -1.459076, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.412787, "energy": 82.834823, "activity_lines": [ 173.342306, 170.267929, 166.53557, 165.001478 ] }, { "date": "2024-08-02", "close": 176.125697, "volume": 25109, "typical_volume": 33269.75, "trend": 164.169997, "fair_value": 161.607871, "relative_strength": 1.447597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.777395, "energy": 84.190825, "activity_lines": [ 174.902821, 171.699669, 167.695367, 165.794979 ] }, { "date": "2024-08-09", "close": 173.884636, "volume": 36440, "typical_volume": 33980.05, "trend": 164.425037, "fair_value": 161.395314, "relative_strength": 0.043427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.035719, "energy": 74.533705, "activity_lines": [ 175.058807, 172.538159, 168.570178, 166.42173 ] }, { "date": "2024-08-16", "close": 177.014224, "volume": 52339, "typical_volume": 34285.15, "trend": 164.812369, "fair_value": 161.217651, "relative_strength": -3.114152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.65136, "energy": 70.779919, "activity_lines": [ 175.737378, 173.738523, 169.691614, 167.233936 ] }, { "date": "2024-08-23", "close": 179.419564, "volume": 21211, "typical_volume": 33179.95, "trend": 165.304231, "fair_value": 161.022551, "relative_strength": -2.490158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.894734, "energy": 62.337829, "activity_lines": [ 177.05582, 175.17711, 170.981155, 168.176335 ] }, { "date": "2024-08-30", "close": 178.820894, "volume": 12044, "typical_volume": 31172.55, "trend": 165.823525, "fair_value": 160.791946, "relative_strength": -1.774631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.34217, "energy": 57.699491, "activity_lines": [ 177.781358, 176.239637, 172.114266, 169.048378 ] }, { "date": "2024-09-06", "close": 172.936874, "volume": 24131, "typical_volume": 30624.75, "trend": 166.253967, "fair_value": 160.544839, "relative_strength": 1.035149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.659958, "energy": 48.207476, "activity_lines": [ 176.409315, 176.001146, 172.576329, 169.507304 ] }, { "date": "2024-09-13", "close": 178.890002, "volume": 24102, "typical_volume": 28018.45, "trend": 166.890415, "fair_value": 160.327819, "relative_strength": -1.090429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.243295, "energy": 49.082135, "activity_lines": [ 177.234236, 176.723699, 173.498121, 170.322532 ] }, { "date": "2024-09-20", "close": 178.475356, "volume": 15455, "typical_volume": 27869.45, "trend": 167.383712, "fair_value": 160.128794, "relative_strength": -2.476505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.862933, "energy": 44.989846, "activity_lines": [ 177.587251, 177.137871, 174.260026, 171.069947 ] }, { "date": "2024-09-27", "close": 174.348644, "volume": 20456, "typical_volume": 27575.1, "trend": 167.739123, "fair_value": 160.015926, "relative_strength": -5.362312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.78833, "energy": 29.898816, "activity_lines": [ 176.467286, 176.731008, 174.550871, 171.519298 ] }, { "date": "2024-10-04", "close": 173.134325, "volume": 20167, "typical_volume": 26789.0, "trend": 168.06689, "fair_value": 159.925103, "relative_strength": -5.803812, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.755696, "energy": 26.14111, "activity_lines": [ 175.28061, 176.088282, 174.667113, 171.867375 ] }, { "date": "2024-10-11", "close": 175.661689, "volume": 17397, "typical_volume": 26428.35, "trend": 168.552289, "fair_value": 159.831894, "relative_strength": -5.266305, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.930936, "energy": 20.678875, "activity_lines": [ 175.315493, 175.971313, 174.989362, 172.357362 ] }, { "date": "2024-10-18", "close": 175.108828, "volume": 17176, "typical_volume": 26274.75, "trend": 168.953113, "fair_value": 159.726754, "relative_strength": -5.465242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.709659, "energy": 19.496744, "activity_lines": [ 174.984434, 175.762259, 175.21251, 172.780365 ] }, { "date": "2024-10-25", "close": 168.770672, "volume": 15197, "typical_volume": 26120.75, "trend": 169.10515, "fair_value": 159.560083, "relative_strength": -8.707021, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.642817, "energy": 11.940528, "activity_lines": [ 172.792736, 174.378556, 174.771942, 172.768594 ] }, { "date": "2024-11-01", "close": 168.632457, "volume": 17074, "typical_volume": 25292.2, "trend": 169.441474, "fair_value": 159.442843, "relative_strength": -7.006025, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.495404, "energy": 18.836587, "activity_lines": [ 171.201944, 173.119606, 174.305318, 172.738098 ] }, { "date": "2024-11-08", "close": 172.656692, "volume": 14964, "typical_volume": 24746.85, "trend": 170.010664, "fair_value": 159.360348, "relative_strength": -9.496854, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.820655, "energy": 18.865598, "activity_lines": [ 171.333643, 172.788463, 174.203338, 172.945532 ] }, { "date": "2024-11-15", "close": 155.896911, "volume": 45892, "typical_volume": 24308.3, "trend": 170.193305, "fair_value": 159.149766, "relative_strength": -15.083221, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -51.832322, "energy": 65.707485, "activity_lines": [ 165.910591, 169.522165, 172.47399, 172.034967 ] }, { "date": "2024-11-22", "close": 161.879656, "volume": 48874, "typical_volume": 25586.95, "trend": 170.469078, "fair_value": 158.95682, "relative_strength": -13.139867, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.945932, "energy": 66.552412, "activity_lines": [ 163.799439, 167.653455, 171.363789, 171.498602 ] }, { "date": "2024-11-29", "close": 165.236311, "volume": 105006, "typical_volume": 29825.65, "trend": 170.574055, "fair_value": 158.843469, "relative_strength": -11.722706, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.345208, "energy": 59.783814, "activity_lines": [ 163.689117, 166.704326, 170.593251, 171.161005 ] }, { "date": "2024-12-06", "close": 164.535363, "volume": 30213, "typical_volume": 29264.45, "trend": 170.659617, "fair_value": 158.739768, "relative_strength": -14.552083, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.871352, "energy": 61.657942, "activity_lines": [ 163.580769, 165.868461, 169.800475, 170.771411 ] }, { "date": "2024-12-13", "close": 161.336667, "volume": 32127, "typical_volume": 29768.7, "trend": 170.509226, "fair_value": 158.557172, "relative_strength": -16.446764, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.7381, "energy": 56.467431, "activity_lines": [ 162.67933, 164.629439, 168.745843, 170.169931 ] }, { "date": "2024-12-20", "close": 156.538624, "volume": 84009, "typical_volume": 32713.7, "trend": 170.196925, "fair_value": 158.366433, "relative_strength": -16.6575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.678547, "energy": 54.720568, "activity_lines": [ 160.93321, 162.732548, 167.307782, 169.268602 ] }, { "date": "2024-12-27", "close": 157.4579, "volume": 61338, "typical_volume": 33958.6, "trend": 170.02913, "fair_value": 158.18836, "relative_strength": -16.485485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.798173, "energy": 67.268377, "activity_lines": [ 159.450736, 161.35049, 166.050542, 168.446729 ] }, { "date": "2025-01-03", "close": 157.736516, "volume": 69944, "typical_volume": 34838.85, "trend": 169.751576, "fair_value": 158.105578, "relative_strength": -15.169995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.760743, "energy": 67.852216, "activity_lines": [ 158.355917, 160.340015, 164.898059, 167.653657 ] }, { "date": "2025-01-10", "close": 158.333551, "volume": 27771, "typical_volume": 35166.85, "trend": 169.538597, "fair_value": 158.031703, "relative_strength": -12.485558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.830275, "energy": 62.630166, "activity_lines": [ 157.960096, 159.638714, 163.894236, 166.91701 ] }, { "date": "2025-01-17", "close": 157.398197, "volume": 57362, "typical_volume": 37432.75, "trend": 169.248367, "fair_value": 158.03035, "relative_strength": -15.000964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.755575, "energy": 54.379813, "activity_lines": [ 157.665944, 158.954601, 162.90174, 166.133759 ] }, { "date": "2025-01-24", "close": 162.363534, "volume": 79302, "typical_volume": 40191.3, "trend": 169.118383, "fair_value": 158.063084, "relative_strength": -13.229529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.199971, "energy": 39.990583, "activity_lines": [ 159.28947, 159.450703, 162.484147, 165.689576 ] }, { "date": "2025-01-31", "close": 164.433253, "volume": 41536, "typical_volume": 41063.0, "trend": 169.063642, "fair_value": 158.086822, "relative_strength": -10.557722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.58112, "energy": 24.553993, "activity_lines": [ 161.214574, 160.205544, 162.31402, 165.38731 ] }, { "date": "2025-02-07", "close": 162.204325, "volume": 33103, "typical_volume": 41945.4, "trend": 168.650933, "fair_value": 158.112327, "relative_strength": -11.595688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.244171, "energy": 19.861946, "activity_lines": [ 161.931679, 160.508695, 162.000455, 164.944773 ] }, { "date": "2025-02-14", "close": 159.766434, "volume": 49490, "typical_volume": 43397.1, "trend": 168.192503, "fair_value": 158.171308, "relative_strength": -15.032676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.526917, "energy": 23.005996, "activity_lines": [ 161.5383, 160.423721, 161.532191, 164.37158 ] }, { "date": "2025-02-21", "close": 164.62729, "volume": 40951, "typical_volume": 44436.3, "trend": 167.787503, "fair_value": 158.239249, "relative_strength": -10.122116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.107242, "energy": 18.595319, "activity_lines": [ 162.66968, 161.309246, 161.596304, 164.141566 ] }, { "date": "2025-02-28", "close": 163.766565, "volume": 28608, "typical_volume": 44996.85, "trend": 167.375532, "fair_value": 158.331649, "relative_strength": -7.198778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.876398, "energy": 12.420411, "activity_lines": [ 163.032213, 161.978447, 161.618954, 163.882151 ] }, { "date": "2025-03-07", "close": 165.159645, "volume": 42994, "typical_volume": 46287.75, "trend": 167.084699, "fair_value": 158.462078, "relative_strength": -3.08639, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.605468, "energy": 9.597639, "activity_lines": [ 163.76557, 162.769517, 161.830921, 163.73919 ] }, { "date": "2025-03-14", "close": 161.856054, "volume": 34173, "typical_volume": 47236.55, "trend": 166.579426, "fair_value": 158.484284, "relative_strength": -2.428012, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.588248, "energy": 12.089483, "activity_lines": [ 163.349304, 162.819903, 161.775638, 163.401858 ] }, { "date": "2025-03-21", "close": 161.179415, "volume": 34947, "typical_volume": 48130.2, "trend": 165.971421, "fair_value": 158.519462, "relative_strength": -2.902502, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.984205, "energy": 9.778438, "activity_lines": [ 162.73071, 162.672363, 161.68884, 163.05347 ] }, { "date": "2025-03-28", "close": 157.646961, "volume": 19561, "typical_volume": 48360.05, "trend": 165.265624, "fair_value": 158.489412, "relative_strength": -2.567795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.027122, "energy": 24.967915, "activity_lines": [ 160.840432, 161.830816, 161.301108, 162.516408 ] }, { "date": "2025-04-04", "close": 145.149039, "volume": 63299, "typical_volume": 49230.4, "trend": 164.339363, "fair_value": 158.373291, "relative_strength": -0.367679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.373305, "energy": 74.337657, "activity_lines": [ 155.249536, 158.712396, 159.794573, 161.218564 ] }, { "date": "2025-04-11", "close": 143.6067, "volume": 225328, "typical_volume": 58053.1, "trend": 163.163252, "fair_value": 158.262208, "relative_strength": -8.098803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.948238, "energy": 83.407305, "activity_lines": [ 150.385695, 155.626542, 158.192329, 159.880973 ] }, { "date": "2025-04-18", "close": 143.805711, "volume": 47383, "typical_volume": 55171.95, "trend": 162.007598, "fair_value": 158.216369, "relative_strength": -5.619851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.811725, "energy": 85.915099, "activity_lines": [ 147.025054, 152.955536, 156.696052, 158.632099 ] }, { "date": "2025-04-25", "close": 148.064557, "volume": 51612, "typical_volume": 56241.9, "trend": 161.131461, "fair_value": 158.247499, "relative_strength": -8.445007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.428291, "energy": 81.173966, "activity_lines": [ 146.287385, 151.393386, 155.70743, 157.732548 ] }, { "date": "2025-05-02", "close": 151.069631, "volume": 47769, "typical_volume": 57024.0, "trend": 160.395972, "fair_value": 158.321724, "relative_strength": -9.362751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.305377, "energy": 68.822171, "activity_lines": [ 147.42573, 150.590375, 155.083438, 157.083398 ] }, { "date": "2025-05-09", "close": 139.357804, "volume": 56146, "typical_volume": 55630.85, "trend": 159.185842, "fair_value": 158.317361, "relative_strength": -15.848041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.095267, "energy": 60.556534, "activity_lines": [ 145.098622, 147.904443, 153.392924, 155.726097 ] }, { "date": "2025-05-16", "close": 144.810719, "volume": 83307, "typical_volume": 56729.3, "trend": 158.175905, "fair_value": 158.331083, "relative_strength": -17.751873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.483504, "energy": 48.617569, "activity_lines": [ 144.975235, 146.653747, 152.30355, 154.79867 ] }, { "date": "2025-05-23", "close": 145.606765, "volume": 64051, "typical_volume": 56434.65, "trend": 157.403775, "fair_value": 158.314474, "relative_strength": -14.926428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.700802, "energy": 45.397951, "activity_lines": [ 145.036929, 145.917766, 151.350213, 153.987757 ] }, { "date": "2025-05-30", "close": 147.606831, "volume": 48012, "typical_volume": 57446.7, "trend": 156.702921, "fair_value": 158.346621, "relative_strength": -15.016525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.600091, "energy": 43.019165, "activity_lines": [ 145.645241, 145.840875, 150.64512, 153.355696 ] }, { "date": "2025-06-06", "close": 151.796023, "volume": 78539, "typical_volume": 58505.55, "trend": 156.007565, "fair_value": 158.452156, "relative_strength": -14.019631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.180395, "energy": 26.575171, "activity_lines": [ 147.680465, 146.77243, 150.390078, 153.039122 ] }, { "date": "2025-06-13", "close": 154.552332, "volume": 41709, "typical_volume": 56625.9, "trend": 155.962746, "fair_value": 158.584766, "relative_strength": -11.698816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.483454, "energy": 18.896309, "activity_lines": [ 150.586033, 148.311512, 150.424218, 152.945236 ] }, { "date": "2025-06-20", "close": 151.771147, "volume": 33356, "typical_volume": 56216.9, "trend": 155.625795, "fair_value": 158.619964, "relative_strength": -12.964353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.077176, "energy": 21.456204, "activity_lines": [ 151.551571, 149.173956, 150.230679, 152.674811 ] }, { "date": "2025-06-27", "close": 152.08459, "volume": 42031, "typical_volume": 56663.3, "trend": 155.187405, "fair_value": 158.659932, "relative_strength": -15.911901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.608649, "energy": 20.601506, "activity_lines": [ 152.157561, 149.944945, 150.127288, 152.446346 ] }, { "date": "2025-07-04", "close": 156.920569, "volume": 30305, "typical_volume": 55704.05, "trend": 154.933578, "fair_value": 158.681229, "relative_strength": -14.233978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.738709, "energy": 18.393689, "activity_lines": [ 153.943689, 151.444677, 150.532655, 152.558163 ] }, { "date": "2025-07-11", "close": 157.437999, "volume": 39190, "typical_volume": 55616.0, "trend": 154.803623, "fair_value": 158.73325, "relative_strength": -13.279021, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.978368, "energy": 30.747099, "activity_lines": [ 155.281378, 152.87747, 151.000854, 152.719738 ] }, { "date": "2025-07-18", "close": 154.674326, "volume": 27443, "typical_volume": 55557.75, "trend": 154.741479, "fair_value": 158.77421, "relative_strength": -15.418331, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.980452, "energy": 32.900447, "activity_lines": [ 155.321711, 153.691987, 151.24008, 152.711397 ] }, { "date": "2025-07-25", "close": 164.164389, "volume": 69168, "typical_volume": 56866.45, "trend": 154.965029, "fair_value": 158.858812, "relative_strength": -10.541855, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.390699, "energy": 59.003459, "activity_lines": [ 158.517265, 155.953489, 152.426417, 153.319326 ] }, { "date": "2025-08-01", "close": 161.759733, "volume": 25886, "typical_volume": 56452.1, "trend": 155.099136, "fair_value": 158.885543, "relative_strength": -9.312123, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.826804, "energy": 55.553674, "activity_lines": [ 160.085051, 157.425896, 153.38848, 153.757694 ] }, { "date": "2025-08-08", "close": 158.547886, "volume": 32148, "typical_volume": 56312.15, "trend": 155.106281, "fair_value": 158.895422, "relative_strength": -13.732275, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.517894, "energy": 49.188897, "activity_lines": [ 159.937212, 158.02064, 154.045111, 153.980194 ] }, { "date": "2025-08-15", "close": 166.024748, "volume": 30465, "typical_volume": 56857.35, "trend": 155.393833, "fair_value": 158.992389, "relative_strength": -9.627086, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.664381, "energy": 65.476302, "activity_lines": [ 162.173172, 159.775885, 155.426355, 154.684612 ] }, { "date": "2025-08-22", "close": 166.219282, "volume": 26058, "typical_volume": 54995.3, "trend": 155.522357, "fair_value": 159.129987, "relative_strength": -8.198652, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.81201, "energy": 63.948243, "activity_lines": [ 163.901528, 161.307796, 156.786232, 155.383028 ] }, { "date": "2025-08-29", "close": 164.362505, "volume": 12955, "typical_volume": 44376.65, "trend": 155.519999, "fair_value": 159.271988, "relative_strength": -8.477204, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.424673, "energy": 67.466415, "activity_lines": [ 164.241293, 162.289984, 157.868938, 155.95336 ] }, { "date": "2025-09-05", "close": 167.541813, "volume": 14028, "typical_volume": 42708.9, "trend": 155.697915, "fair_value": 159.377237, "relative_strength": -7.074426, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.824258, "energy": 78.179034, "activity_lines": [ 165.627621, 163.621295, 159.155599, 156.728961 ] }, { "date": "2025-09-12", "close": 164.892373, "volume": 16398, "typical_volume": 40948.2, "trend": 155.86878, "fair_value": 159.512036, "relative_strength": -9.655864, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.652569, "energy": 65.344223, "activity_lines": [ 165.74533, 164.18985, 160.076902, 157.322151 ] }, { "date": "2025-09-19", "close": 166.747359, "volume": 12835, "typical_volume": 39201.5, "trend": 155.939449, "fair_value": 159.711155, "relative_strength": -10.052402, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.082401, "energy": 52.580528, "activity_lines": [ 166.058401, 164.950732, 161.094739, 158.023995 ] }, { "date": "2025-09-26", "close": 161.385591, "volume": 21984, "typical_volume": 37493.4, "trend": 155.860083, "fair_value": 159.862796, "relative_strength": -12.064026, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.857725, "energy": 38.285521, "activity_lines": [ 164.536043, 164.567487, 161.527276, 158.375359 ] }, { "date": "2025-10-03", "close": 174.014264, "volume": 95030, "typical_volume": 38079.55, "trend": 156.155237, "fair_value": 160.080966, "relative_strength": -5.912756, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.068997, "energy": 52.465384, "activity_lines": [ 167.545488, 166.35834, 163.057648, 159.546597 ] }, { "date": "2025-10-10", "close": 171.233675, "volume": 18339, "typical_volume": 35793.95, "trend": 156.467825, "fair_value": 160.266386, "relative_strength": -4.865066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.520879, "energy": 52.096064, "activity_lines": [ 168.98462, 167.464544, 164.184139, 160.519399 ] }, { "date": "2025-10-17", "close": 175.771934, "volume": 20083, "typical_volume": 34397.5, "trend": 156.954242, "fair_value": 160.473999, "relative_strength": -4.285325, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.328636, "energy": 63.064656, "activity_lines": [ 171.69038, 169.223632, 165.620811, 161.764826 ] }, { "date": "2025-10-24", "close": 176.634748, "volume": 55761, "typical_volume": 33258.6, "trend": 157.587168, "fair_value": 160.615587, "relative_strength": -5.531796, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.731055, "energy": 85.98416, "activity_lines": [ 173.958441, 170.826431, 167.005537, 163.034536 ] }, { "date": "2025-10-31", "close": 180.243424, "volume": 19378, "typical_volume": 32142.05, "trend": 158.756981, "fair_value": 160.782502, "relative_strength": -5.066822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.222211, "energy": 90.237401, "activity_lines": [ 176.770235, 172.892444, 168.615667, 164.49623 ] }, { "date": "2025-11-07", "close": 179.842316, "volume": 31039, "typical_volume": 32026.2, "trend": 159.964835, "fair_value": 160.900438, "relative_strength": -2.008868, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.284988, "energy": 89.199536, "activity_lines": [ 178.191138, 174.630543, 170.065257, 165.856574 ] }, { "date": "2025-11-14", "close": 187.121261, "volume": 61475, "typical_volume": 32998.4, "trend": 161.408686, "fair_value": 161.060769, "relative_strength": 2.1587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.415756, "energy": 94.24047, "activity_lines": [ 181.649818, 177.410636, 172.074408, 167.608601 ] }, { "date": "2025-11-21", "close": 191.337618, "volume": 87008, "typical_volume": 35833.55, "trend": 162.851122, "fair_value": 161.249912, "relative_strength": 7.769779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.117353, "energy": 94.555196, "activity_lines": [ 185.454779, 180.601349, 174.318275, 169.5395 ] }, { "date": "2025-11-28", "close": 196.813221, "volume": 54015, "typical_volume": 36574.8, "trend": 164.375908, "fair_value": 161.444589, "relative_strength": 5.684724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.72, "energy": 95.592801, "activity_lines": [ 190.047228, 184.306804, 176.919738, 171.730603 ] }, { "date": "2025-12-05", "close": 193.648142, "volume": 46180, "typical_volume": 37511.65, "trend": 166.185586, "fair_value": 161.653971, "relative_strength": 2.979612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.485686, "energy": 89.765658, "activity_lines": [ 192.239419, 186.890138, 179.032264, 173.619134 ] }, { "date": "2025-12-12", "close": 189.669106, "volume": 28658, "typical_volume": 35486.15, "trend": 167.680866, "fair_value": 161.840167, "relative_strength": 2.790917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.00332, "energy": 76.779074, "activity_lines": [ 192.211617, 188.163419, 180.580244, 175.1342 ] }, { "date": "2025-12-19", "close": 190.925764, "volume": 22582, "typical_volume": 35320.95, "trend": 169.191499, "fair_value": 162.042371, "relative_strength": 2.857357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.966423, "energy": 65.721497, "activity_lines": [ 191.947582, 189.38055, 182.126455, 176.633871 ] }, { "date": "2025-12-26", "close": 192.4229, "volume": 15089, "typical_volume": 34468.0, "trend": 170.685368, "fair_value": 162.269388, "relative_strength": 2.359526, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.859327, "energy": 63.618107, "activity_lines": [ 191.928959, 190.511849, 183.676364, 178.132671 ] }, { "date": "2026-01-02", "close": 190.2302, "volume": 34687, "typical_volume": 34679.1, "trend": 171.966507, "fair_value": 162.464204, "relative_strength": 2.940637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.224534, "energy": 59.481542, "activity_lines": [ 191.107083, 190.941731, 184.856135, 179.393628 ] }, { "date": "2026-01-09", "close": 193.2904, "volume": 63525, "typical_volume": 36552.45, "trend": 173.257776, "fair_value": 162.643038, "relative_strength": 2.372853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.837137, "energy": 57.405482, "activity_lines": [ 191.744142, 191.680823, 186.21209, 180.769363 ] }, { "date": "2026-01-16", "close": 190.88, "volume": 24874, "typical_volume": 37148.4, "trend": 174.561405, "fair_value": 162.811335, "relative_strength": 1.946948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.992634, "energy": 48.625733, "activity_lines": [ 191.601584, 191.744443, 187.209573, 181.906281 ] }, { "date": "2026-01-23", "close": 197.91, "volume": 24450, "typical_volume": 37669.5, "trend": 176.088918, "fair_value": 163.014752, "relative_strength": 5.388423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.955087, "energy": 56.176799, "activity_lines": [ 193.721633, 192.885559, 188.750306, 183.412642 ] }, { "date": "2026-01-30", "close": 196.6463, "volume": 46885, "typical_volume": 39193.85, "trend": 177.413109, "fair_value": 163.221146, "relative_strength": 4.85991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.12335, "energy": 54.753934, "activity_lines": [ 194.954833, 193.600752, 190.026076, 184.738924 ] }, { "date": "2026-02-06", "close": 199.3525, "volume": 25562, "typical_volume": 39830.2, "trend": 178.810259, "fair_value": 163.473745, "relative_strength": 8.328386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.749989, "energy": 57.744657, "activity_lines": [ 196.80854, 194.711461, 191.40837, 186.154369 ] }, { "date": "2026-02-13", "close": 195.1197, "volume": 44939, "typical_volume": 40977.95, "trend": 180.158438, "fair_value": 163.695619, "relative_strength": 7.213743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.939569, "energy": 53.093244, "activity_lines": [ 196.64316, 195.006401, 192.232278, 187.206591 ] }, { "date": "2026-02-20", "close": 197.1074, "volume": 21167, "typical_volume": 37284.8, "trend": 181.256539, "fair_value": 163.981522, "relative_strength": 7.017211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.205118, "energy": 50.442901, "activity_lines": [ 197.018393, 195.635985, 193.084852, 188.300072 ] }, { "date": "2026-02-27", "close": 197.9773, "volume": 33415, "typical_volume": 38038.6, "trend": 182.463791, "fair_value": 164.23356, "relative_strength": 7.744046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.91625, "energy": 48.855961, "activity_lines": [ 197.268433, 196.288491, 193.910306, 189.378831 ] }, { "date": "2026-03-06", "close": 188.9256, "volume": 43068, "typical_volume": 39187.85, "trend": 183.476381, "fair_value": 164.49121, "relative_strength": 4.259675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.661812, "energy": 25.235847, "activity_lines": [ 194.496753, 195.167024, 193.746343, 189.795722 ] }, { "date": "2026-03-13", "close": 186.5971, "volume": 22088, "typical_volume": 37504.2, "trend": 184.162127, "fair_value": 164.707912, "relative_strength": 4.185286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.565053, "energy": 14.111526, "activity_lines": [ 191.46362, 193.68578, 193.297982, 189.997059 ] }, { "date": "2026-03-20", "close": 181.4717, "volume": 32528, "typical_volume": 38161.7, "trend": 184.67054, "fair_value": 164.874652, "relative_strength": 3.519004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -12.404789, "energy": 23.569106, "activity_lines": [ 187.57238, 191.338702, 192.314047, 189.823483 ] }, { "date": "2026-03-27", "close": 180.06, "volume": 33805, "typical_volume": 38300.0, "trend": 185.19379, "fair_value": 165.007614, "relative_strength": 6.258164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -33.163722, "energy": 39.305633, "activity_lines": [ 184.12044, 188.949836, 191.189816, 189.526029 ] }, { "date": "2026-04-03", "close": 187.7891, "volume": 19333, "typical_volume": 36192.9, "trend": 185.8687, "fair_value": 165.170778, "relative_strength": 6.73966, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.327897, "energy": 32.346225, "activity_lines": [ 184.38136, 188.162989, 190.800653, 189.693468 ] }, { "date": "2026-04-10", "close": 186.53, "volume": 22288, "typical_volume": 32956.9, "trend": 186.589954, "fair_value": 165.320389, "relative_strength": 1.57713, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.108864, "energy": 37.301736, "activity_lines": [ 184.901793, 187.331231, 190.288396, 189.736133 ] }, { "date": "2026-04-17", "close": 193.7801, "volume": 31515, "typical_volume": 31831.9, "trend": 187.491045, "fair_value": 165.527565, "relative_strength": -0.448862, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 18.105697, "energy": 13.68455, "activity_lines": [ 187.998633, 188.001605, 190.489517, 190.200013 ] }, { "date": "2026-04-24", "close": 185.6654, "volume": 22468, "typical_volume": 30646.3, "trend": 188.300372, "fair_value": 165.711328, "relative_strength": -6.465327, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.329484, "energy": 9.71922, "activity_lines": [ 187.911707, 187.297896, 189.932254, 190.082229 ] }, { "date": "2026-05-01", "close": 183.1467, "volume": 37203, "typical_volume": 31073.55, "trend": 188.604787, "fair_value": 165.873337, "relative_strength": -8.914143, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.949424, "energy": 12.948908, "activity_lines": [ 186.705633, 186.308138, 189.173127, 189.749734 ] }, { "date": "2026-05-08", "close": 184.5956, "volume": 21844, "typical_volume": 31036.65, "trend": 189.050184, "fair_value": 166.055409, "relative_strength": -12.827575, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.52162, "energy": 16.013625, "activity_lines": [ 185.776747, 185.835647, 188.58305, 189.491077 ] }, { "date": "2026-05-15", "close": 181.7767, "volume": 31396, "typical_volume": 31852.0, "trend": 189.250343, "fair_value": 166.213867, "relative_strength": -13.756083, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.86062, "energy": 52.298007, "activity_lines": [ 184.121127, 185.093933, 187.75465, 189.02182 ] }, { "date": "2026-05-22", "close": 184.7565, "volume": 25095, "typical_volume": 31372.4, "trend": 189.521068, "fair_value": 166.416061, "relative_strength": -13.228578, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.927424, "energy": 46.06994, "activity_lines": [ 183.77566, 185.02398, 187.260737, 188.731895 ] }, { "date": "2026-05-29", "close": 188.64, "volume": 13865, "typical_volume": 28889.4, "trend": 189.800954, "fair_value": 166.629225, "relative_strength": -13.729893, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.648388, "energy": 26.843831, "activity_lines": [ 185.326267, 185.693584, 187.162746, 188.675052 ] }, { "date": "2026-06-05", "close": 187.9971, "volume": 17615, "typical_volume": 28526.45, "trend": 190.07278, "fair_value": 166.839213, "relative_strength": -9.847186, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.546284, "energy": 17.129258, "activity_lines": [ 186.464267, 186.115964, 187.025671, 188.558674 ] }, { "date": "2026-06-12", "close": 187.5625, "volume": 19606, "typical_volume": 28284.25, "trend": 190.087488, "fair_value": 167.023795, "relative_strength": -11.888742, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.593719, "energy": 16.343179, "activity_lines": [ 187.13404, 186.315015, 186.860934, 188.39672 ] }, { "date": "2026-06-19", "close": 187.6445, "volume": 19003, "typical_volume": 26890.15, "trend": 189.964384, "fair_value": 167.237446, "relative_strength": -13.944267, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.099156, "energy": 16.650943, "activity_lines": [ 187.633353, 186.533095, 186.75328, 188.239108 ] }, { "date": "2026-06-26", "close": 201.0772, "volume": 34397, "typical_volume": 27331.9, "trend": 190.106517, "fair_value": 167.543188, "relative_strength": -3.477956, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.558346, "energy": 33.114287, "activity_lines": [ 192.219047, 189.17322, 187.967797, 188.956064 ] }, { "date": "2026-07-03", "close": 211.3364, "volume": 19703, "typical_volume": 26070.1, "trend": 190.696126, "fair_value": 167.936433, "relative_strength": 0.493255, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.258361, "energy": 66.564523, "activity_lines": [ 199.136427, 193.54598, 190.151168, 190.325734 ] }, { "date": "2026-07-10", "close": 205.546, "volume": 29790, "typical_volume": 26501.25, "trend": 191.225355, "fair_value": 168.26219, "relative_strength": -3.988014, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.205267, "energy": 80.475159, "activity_lines": [ 202.61058, 196.399195, 191.705849, 191.28379 ] }, { "date": "2026-07-17", "close": 204.7784, "volume": 17856, "typical_volume": 25723.3, "trend": 191.68711, "fair_value": 168.543773, "relative_strength": -0.311168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.89911, "energy": 81.73197, "activity_lines": [ 204.65894, 198.705585, 193.147242, 192.15818 ] }, { "date": "2026-07-24", "close": 203.5652, "volume": 18197, "typical_volume": 24479.75, "trend": 192.05852, "fair_value": 168.826212, "relative_strength": 0.662694, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.378639, "energy": 81.119622, "activity_lines": [ 205.155173, 200.424435, 194.440706, 192.924509 ] }, { "date": "2026-07-31", "close": 205.5494, "volume": 40242, "typical_volume": 25387.45, "trend": 192.56916, "fair_value": 169.139516, "relative_strength": 1.051269, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.990659, "energy": 71.172295, "activity_lines": [ 205.251427, 202.107893, 195.853429, 193.794888 ] }, { "date": "2026-08-07", "close": 216.5777, "volume": 29458, "typical_volume": 25233.95, "trend": 193.345403, "fair_value": 169.507762, "relative_strength": 1.164448, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.054756, "energy": 75.971832, "activity_lines": [ 208.725633, 205.418444, 198.226217, 195.343826 ] } ], "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." } } }