{ "ticker": { "uuid": "31f2eacc-d9d5-4ba9-aea7-15e7dfb592a2", "symbol": "SGLD", "name": "Invesco Physical Gold ETC", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -36.45, "architecture_energy": 17.465, "architecture_maturity": 15.47, "architecture_confidence": 61.321, "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": 44.18, "rotation_up": 20.17, "upward_expansion": 11.94, "deceleration": 60.12, "rotation_down": 41.1, "downward_expansion": 64.27 }, "activity_lines": [ 323.336668, 321.67909, 329.224998, 345.941826 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 338.200012, "trend_reference": 375.156664, "distance_from_trend": -0.09851, "trend_direction": "Weakening", "fair_value": 287.480833, "distance_from_fair_value": 0.176426, "fair_value_direction": "Weakening", "relative_strength": -19.256404, "relative_strength_direction": "Weakening", "price_momentum": -0.293503, "excess_performance": -0.396371, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.09851, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.067999, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.176426, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.101181, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.192564, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.102607, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.293503, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.783329, "read": "Demand-led" } ], "volume": { "latest": 87913, "relative_activity": 8.590539, "balance": 1.783329, "dry_up": 3.242742, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.272495, "annualized_volatility": 0.434615, "from_high_reference": -0.367022, "from_low_reference": 0.09823 }, "levels": { "trend_reference": 375.156664, "fair_value_reference": 287.480833, "structural_low": 307.950012, "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": 4, "median_return": 0.00886, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.027536, "regime_survival": 0.5, "best_return": 0.083352, "worst_return": -0.021245, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.019468, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.043716, "regime_survival": 0.5, "best_return": 0.038593, "worst_return": 0.000343, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.038949, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.086948, "regime_survival": 0.0, "best_return": 0.038949, "worst_return": 0.038949, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.076985, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": 0.047516, "regime_survival": 0.0, "best_return": -0.076985, "worst_return": -0.076985, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-03-24", "end": "2023-05-26", "tenure": "Developing", "return": -0.029996, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-06-02", "end": "2023-08-18", "tenure": "Developing", "return": -0.0366, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-08-25", "end": "2023-09-08", "tenure": "New", "return": 0.009242, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-15", "end": "2023-10-13", "tenure": "Developing", "return": -0.007534, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-10-20", "end": "2023-12-01", "tenure": "Developing", "return": 0.031292, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-01-26", "tenure": "Developing", "return": 0.006618, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-08", "tenure": "Developing", "return": 0.071137, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-06-07", "tenure": "Established", "return": 0.069767, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-07-12", "tenure": "Developing", "return": 0.03538, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-29", "tenure": "Established", "return": 0.106388, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-01-17", "tenure": "Developing", "return": 0.02991, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2026-03-13", "tenure": "Extended", "return": 0.428918, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-07-31", "tenure": "Established", "return": -0.095183, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 185.0, "volume": 3796, "typical_volume": 11722.2, "trend": 187.368001, "fair_value": 177.975641, "relative_strength": 2.997321, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.914483, "energy": 16.093051, "activity_lines": [ 187.058668, 187.282547, 188.518572, 188.458453 ] }, { "date": "2023-08-18", "close": 182.679993, "volume": 1292, "typical_volume": 11263.2, "trend": 187.290668, "fair_value": 177.948846, "relative_strength": 3.779876, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -46.305044, "energy": 53.068525, "activity_lines": [ 185.359999, 186.391636, 187.834476, 188.156001 ] }, { "date": "2023-08-25", "close": 183.940002, "volume": 22389, "typical_volume": 12259.45, "trend": 187.207334, "fair_value": 177.903846, "relative_strength": 3.207734, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.794413, "energy": 59.182672, "activity_lines": [ 184.497333, 185.853091, 187.310096, 187.939829 ] }, { "date": "2023-09-01", "close": 187.539993, "volume": 4256, "typical_volume": 11696.9, "trend": 187.444001, "fair_value": 177.909744, "relative_strength": 3.882527, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.062347, "energy": 50.652962, "activity_lines": [ 185.20533, 186.075635, 187.178, 187.96129 ] }, { "date": "2023-09-08", "close": 185.639999, "volume": 342, "typical_volume": 10604.55, "trend": 187.629334, "fair_value": 177.888462, "relative_strength": 3.818283, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.851691, "energy": 42.558418, "activity_lines": [ 185.369331, 185.924726, 186.901333, 187.844903 ] }, { "date": "2023-09-15", "close": 185.820007, "volume": 22138, "typical_volume": 10941.65, "trend": 187.937334, "fair_value": 177.866026, "relative_strength": 1.429341, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.257318, "energy": 28.549854, "activity_lines": [ 185.656, 185.796727, 186.676, 187.728172 ] }, { "date": "2023-09-22", "close": 186.100006, "volume": 16755, "typical_volume": 11697.85, "trend": 188.309334, "fair_value": 177.902308, "relative_strength": 3.122161, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.493877, "energy": 19.386868, "activity_lines": [ 185.981336, 185.733092, 186.504858, 187.609635 ] }, { "date": "2023-09-29", "close": 179.720001, "volume": 15504, "typical_volume": 11599.35, "trend": 188.352668, "fair_value": 177.868846, "relative_strength": -0.029255, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.16876, "energy": 54.705828, "activity_lines": [ 183.952003, 184.560728, 185.76581, 187.055485 ] }, { "date": "2023-10-06", "close": 175.020004, "volume": 15553, "typical_volume": 11958.0, "trend": 188.200001, "fair_value": 177.793846, "relative_strength": -1.534061, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.120935, "energy": 86.282879, "activity_lines": [ 180.637337, 182.711638, 184.648096, 186.195313 ] }, { "date": "2023-10-13", "close": 184.419998, "volume": 17803, "typical_volume": 12608.3, "trend": 188.050001, "fair_value": 177.79141, "relative_strength": 2.976735, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.978693, "energy": 67.81469, "activity_lines": [ 181.290669, 182.823638, 184.500287, 185.951442 ] }, { "date": "2023-10-20", "close": 192.380005, "volume": 16898, "typical_volume": 12930.55, "trend": 188.017334, "fair_value": 177.844872, "relative_strength": 12.701801, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -12.437076, "energy": 18.217169, "activity_lines": [ 184.678669, 184.422184, 185.125525, 186.230797 ] }, { "date": "2023-10-27", "close": 191.720001, "volume": 13163, "typical_volume": 13407.55, "trend": 188.040668, "fair_value": 177.911154, "relative_strength": 12.083584, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": 8.773733, "energy": 14.159277, "activity_lines": [ 187.409335, 185.766548, 185.674763, 186.469678 ] }, { "date": "2023-11-03", "close": 192.320007, "volume": 40329, "typical_volume": 14464.55, "trend": 187.974001, "fair_value": 177.931282, "relative_strength": 9.308632, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.899041, "energy": 40.737186, "activity_lines": [ 189.965337, 187.055639, 186.270383, 186.745765 ] }, { "date": "2023-11-10", "close": 187.779999, "volume": 12061, "typical_volume": 13167.25, "trend": 187.727335, "fair_value": 177.967821, "relative_strength": 6.670484, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.83765, "energy": 35.834729, "activity_lines": [ 190.168002, 187.366912, 186.421621, 186.733249 ] }, { "date": "2023-11-17", "close": 191.600006, "volume": 6816, "typical_volume": 12820.75, "trend": 187.686668, "fair_value": 178.036411, "relative_strength": 6.688697, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.290542, "energy": 49.30483, "activity_lines": [ 190.793337, 188.368367, 186.928193, 186.983098 ] }, { "date": "2023-11-24", "close": 192.5, "volume": 35436, "typical_volume": 14204.55, "trend": 187.716668, "fair_value": 178.161154, "relative_strength": 5.48129, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.293804, "energy": 51.592342, "activity_lines": [ 191.240002, 189.425093, 187.489526, 187.293636 ] }, { "date": "2023-12-01", "close": 198.399994, "volume": 26914, "typical_volume": 14964.6, "trend": 187.848667, "fair_value": 178.293847, "relative_strength": 8.29994, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.549385, "energy": 67.07494, "activity_lines": [ 193.645333, 191.433092, 188.584477, 187.982883 ] }, { "date": "2023-12-08", "close": 193.399994, "volume": 68602, "typical_volume": 17830.35, "trend": 187.822001, "fair_value": 178.388718, "relative_strength": 3.601078, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.81106, "energy": 57.654139, "activity_lines": [ 193.938664, 192.308363, 189.158096, 188.341033 ] }, { "date": "2023-12-15", "close": 196.300003, "volume": 74539, "typical_volume": 20973.25, "trend": 188.008667, "fair_value": 178.47718, "relative_strength": 3.849267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.747459, "energy": 63.232758, "activity_lines": [ 195.126665, 193.462182, 189.989334, 188.888001 ] }, { "date": "2023-12-22", "close": 199.139999, "volume": 10888, "typical_volume": 21273.7, "trend": 188.394668, "fair_value": 178.591923, "relative_strength": 5.505867, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.40732, "energy": 71.417788, "activity_lines": [ 196.693332, 194.745454, 191.055715, 189.606151 ] }, { "date": "2023-12-29", "close": 199.160004, "volume": 458, "typical_volume": 21106.8, "trend": 188.712668, "fair_value": 178.697308, "relative_strength": 5.479127, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.597127, "energy": 67.215403, "activity_lines": [ 197.764, 195.764728, 192.064191, 190.300689 ] }, { "date": "2024-01-05", "close": 198.779999, "volume": 14312, "typical_volume": 21757.8, "trend": 189.023334, "fair_value": 178.800513, "relative_strength": 4.623317, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.898834, "energy": 69.679863, "activity_lines": [ 198.264001, 196.591636, 192.969048, 190.950194 ] }, { "date": "2024-01-12", "close": 198.240005, "volume": 11819, "typical_volume": 21229.3, "trend": 189.304668, "fair_value": 178.936667, "relative_strength": 3.813028, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.117324, "energy": 69.70329, "activity_lines": [ 198.558669, 197.192001, 193.745811, 191.544818 ] }, { "date": "2024-01-19", "close": 195.720001, "volume": 15626, "typical_volume": 21797.8, "trend": 189.628668, "fair_value": 179.046923, "relative_strength": 3.054109, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.834261, "energy": 52.3484, "activity_lines": [ 197.690669, 197.226546, 194.214477, 191.958711 ] }, { "date": "2024-01-26", "close": 194.679993, "volume": 28179, "typical_volume": 23189.65, "trend": 189.948001, "fair_value": 179.141539, "relative_strength": 0.27766, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.069137, "energy": 34.712364, "activity_lines": [ 196.514666, 196.927636, 194.545143, 192.284603 ] }, { "date": "2024-02-02", "close": 196.100006, "volume": 18178, "typical_volume": 22991.65, "trend": 190.266001, "fair_value": 179.279744, "relative_strength": 2.182645, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.008659, "energy": 26.898323, "activity_lines": [ 196.109334, 196.83091, 194.968001, 192.681506 ] }, { "date": "2024-02-09", "close": 195.639999, "volume": 13257, "typical_volume": 22816.75, "trend": 190.490001, "fair_value": 179.399616, "relative_strength": 3.13459, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.234549, "energy": 21.61015, "activity_lines": [ 195.754667, 196.585092, 195.298096, 193.028216 ] }, { "date": "2024-02-16", "close": 193.820007, "volume": 32191, "typical_volume": 23651.1, "trend": 190.634001, "fair_value": 179.532565, "relative_strength": 0.033554, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.197459, "energy": 20.375708, "activity_lines": [ 195.002669, 196.058547, 195.40943, 193.243055 ] }, { "date": "2024-02-23", "close": 195.119995, "volume": 1298, "typical_volume": 22938.35, "trend": 190.842001, "fair_value": 179.714616, "relative_strength": -1.073385, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.542402, "energy": 17.008317, "activity_lines": [ 194.978667, 195.760728, 195.577429, 193.532474 ] }, { "date": "2024-03-01", "close": 197.479996, "volume": 55967, "typical_volume": 24846.55, "trend": 191.205334, "fair_value": 179.927821, "relative_strength": 0.009232, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.404057, "energy": 22.521881, "activity_lines": [ 195.781332, 195.913454, 195.874476, 193.960732 ] }, { "date": "2024-03-08", "close": 210.050003, "volume": 7641, "typical_volume": 24383.7, "trend": 192.040334, "fair_value": 180.218782, "relative_strength": 4.817112, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 86.680914, "energy": 74.452878, "activity_lines": [ 200.587333, 198.381818, 197.306476, 195.176517 ] }, { "date": "2024-03-15", "close": 208.550003, "volume": 2876, "typical_volume": 23869.35, "trend": 192.902668, "fair_value": 180.476923, "relative_strength": 3.803092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.244433, "energy": 92.195422, "activity_lines": [ 203.963334, 200.379455, 198.511477, 196.241657 ] }, { "date": "2024-03-22", "close": 209.600006, "volume": 4424, "typical_volume": 22074.1, "trend": 193.758001, "fair_value": 180.747436, "relative_strength": 4.564613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.645267, "energy": 93.228066, "activity_lines": [ 206.828669, 202.390365, 199.736334, 197.318904 ] }, { "date": "2024-03-29", "close": 212.5, "volume": 4798, "typical_volume": 21710.95, "trend": 194.590001, "fair_value": 181.036924, "relative_strength": 5.194764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.220795, "energy": 94.136881, "activity_lines": [ 209.608669, 204.722001, 201.155096, 198.528066 ] }, { "date": "2024-04-05", "close": 222.050003, "volume": 8716, "typical_volume": 21805.95, "trend": 195.803668, "fair_value": 181.377116, "relative_strength": 11.914475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.158592, "energy": 98.220206, "activity_lines": [ 214.413336, 208.484911, 203.365668, 200.299679 ] }, { "date": "2024-04-12", "close": 233.050003, "volume": 5084, "typical_volume": 20288.35, "trend": 197.378001, "fair_value": 181.766411, "relative_strength": 18.22697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.582693, "energy": 99.254839, "activity_lines": [ 221.246669, 213.750184, 206.478859, 202.702668 ] }, { "date": "2024-04-19", "close": 229.25, "volume": 10459, "typical_volume": 19465.6, "trend": 198.816334, "fair_value": 182.135962, "relative_strength": 16.706058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.455114, "energy": 95.040421, "activity_lines": [ 225.280002, 217.652729, 209.037049, 204.758926 ] }, { "date": "2024-04-26", "close": 226.550003, "volume": 13321, "typical_volume": 16701.55, "trend": 200.377335, "fair_value": 182.489103, "relative_strength": 14.437124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.541472, "energy": 87.734515, "activity_lines": [ 227.033335, 220.453275, 211.191192, 206.548195 ] }, { "date": "2024-05-03", "close": 221.100006, "volume": 24311, "typical_volume": 14190.15, "trend": 201.913335, "fair_value": 182.776667, "relative_strength": 12.04739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.96305, "energy": 67.804539, "activity_lines": [ 225.840003, 221.667821, 212.668431, 207.885141 ] }, { "date": "2024-05-10", "close": 228.199997, "volume": 10030, "typical_volume": 14147.25, "trend": 203.372668, "fair_value": 183.09859, "relative_strength": 10.596666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.809088, "energy": 68.028805, "activity_lines": [ 226.440001, 223.700911, 214.703763, 209.581055 ] }, { "date": "2024-05-17", "close": 229.850006, "volume": 7164, "typical_volume": 14482.55, "trend": 204.621668, "fair_value": 183.408142, "relative_strength": 8.455138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.933384, "energy": 66.736952, "activity_lines": [ 227.180003, 225.475457, 216.757859, 211.28927 ] }, { "date": "2024-05-24", "close": 225.649994, "volume": 8465, "typical_volume": 14190.2, "trend": 205.752668, "fair_value": 183.676924, "relative_strength": 7.128304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.745429, "energy": 56.95175, "activity_lines": [ 226.733333, 226.126365, 218.265811, 212.645937 ] }, { "date": "2024-05-31", "close": 225.0, "volume": 1449, "typical_volume": 13671.7, "trend": 206.842001, "fair_value": 183.95859, "relative_strength": 5.952699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.10585, "energy": 51.228658, "activity_lines": [ 226.31, 226.348183, 219.583906, 213.8877 ] }, { "date": "2024-06-07", "close": 223.100006, "volume": 1178, "typical_volume": 12949.3, "trend": 208.019334, "fair_value": 184.220001, "relative_strength": 2.728303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.245739, "energy": 46.704287, "activity_lines": [ 225.356668, 225.944547, 220.593621, 214.936604 ] }, { "date": "2024-06-14", "close": 224.699997, "volume": 4158, "typical_volume": 11748.25, "trend": 209.122667, "fair_value": 184.56077, "relative_strength": 5.043992, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.884459, "energy": 38.0871, "activity_lines": [ 224.803334, 225.639092, 221.625335, 216.012775 ] }, { "date": "2024-06-21", "close": 224.949997, "volume": 2840, "typical_volume": 10981.35, "trend": 210.204334, "fair_value": 184.893783, "relative_strength": 5.193639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.560866, "energy": 33.235974, "activity_lines": [ 224.566666, 225.330909, 222.537906, 217.033893 ] }, { "date": "2024-06-28", "close": 224.449997, "volume": 1146, "typical_volume": 10375.8, "trend": 211.072667, "fair_value": 185.228718, "relative_strength": 4.865361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.401647, "energy": 29.327302, "activity_lines": [ 224.489998, 225.07909, 223.265477, 217.952968 ] }, { "date": "2024-07-05", "close": 229.949997, "volume": 24581, "typical_volume": 9995.3, "trend": 212.291001, "fair_value": 185.581475, "relative_strength": 7.09433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.252264, "energy": 44.286126, "activity_lines": [ 226.326664, 225.914544, 224.379667, 219.170861 ] }, { "date": "2024-07-12", "close": 232.649994, "volume": 10214, "typical_volume": 10441.1, "trend": 213.502667, "fair_value": 185.942949, "relative_strength": 5.001206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.958755, "energy": 54.339776, "activity_lines": [ 228.733329, 227.179089, 225.578952, 220.484344 ] }, { "date": "2024-07-19", "close": 231.699997, "volume": 8112, "typical_volume": 8048.35, "trend": 214.588, "fair_value": 186.309872, "relative_strength": 5.977866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.559169, "energy": 62.603768, "activity_lines": [ 230.186663, 228.060906, 226.509047, 221.658365 ] }, { "date": "2024-07-26", "close": 229.949997, "volume": 5984, "typical_volume": 7965.5, "trend": 215.614334, "fair_value": 186.651731, "relative_strength": 4.358577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.585802, "energy": 65.96011, "activity_lines": [ 230.589996, 228.560906, 227.109523, 222.649462 ] }, { "date": "2024-08-02", "close": 234.699997, "volume": 794, "typical_volume": 7861.4, "trend": 216.811667, "fair_value": 187.061603, "relative_strength": 9.451554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.320792, "energy": 69.19298, "activity_lines": [ 232.24333, 229.922724, 228.067618, 223.880795 ] }, { "date": "2024-08-09", "close": 233.649994, "volume": 9512, "typical_volume": 8115.8, "trend": 217.992, "fair_value": 187.457308, "relative_strength": 8.703038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.200742, "energy": 53.486543, "activity_lines": [ 232.863329, 230.929087, 228.801188, 224.967139 ] }, { "date": "2024-08-16", "close": 239.699997, "volume": 16214, "typical_volume": 8686.6, "trend": 219.458, "fair_value": 187.887821, "relative_strength": 8.241233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.053346, "energy": 64.71775, "activity_lines": [ 235.25333, 232.878178, 229.996426, 226.367655 ] }, { "date": "2024-08-23", "close": 241.600006, "volume": 5882, "typical_volume": 8544.9, "trend": 221.022, "fair_value": 188.316154, "relative_strength": 7.380842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.777943, "energy": 81.352858, "activity_lines": [ 237.806666, 234.870907, 231.243094, 227.796171 ] }, { "date": "2024-08-30", "close": 241.649994, "volume": 13741, "typical_volume": 8977.75, "trend": 222.540333, "fair_value": 188.728141, "relative_strength": 6.353044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.122369, "energy": 81.993661, "activity_lines": [ 239.716665, 236.565452, 232.401426, 229.12701 ] }, { "date": "2024-09-06", "close": 243.350006, "volume": 8713, "typical_volume": 8890.45, "trend": 224.130667, "fair_value": 189.172949, "relative_strength": 11.444945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.225114, "energy": 86.43449, "activity_lines": [ 241.413334, 238.265454, 233.680713, 230.469569 ] }, { "date": "2024-09-13", "close": 247.550003, "volume": 8990, "typical_volume": 8673.9, "trend": 225.921666, "fair_value": 189.666731, "relative_strength": 11.687954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.220432, "energy": 88.654944, "activity_lines": [ 243.933335, 240.385454, 235.292856, 231.980494 ] }, { "date": "2024-09-20", "close": 251.649994, "volume": 12343, "typical_volume": 8075.5, "trend": 227.806, "fair_value": 190.195641, "relative_strength": 14.020575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.379831, "energy": 90.846191, "activity_lines": [ 246.893333, 242.930908, 237.195475, 233.640386 ] }, { "date": "2024-09-27", "close": 256.399994, "volume": 2647, "typical_volume": 7706.35, "trend": 229.77, "fair_value": 190.747949, "relative_strength": 12.788762, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.865785, "energy": 93.605393, "activity_lines": [ 250.639997, 245.994544, 239.404998, 235.48516 ] }, { "date": "2024-10-04", "close": 256.299988, "volume": 9071, "typical_volume": 7801.7, "trend": 231.311666, "fair_value": 191.299872, "relative_strength": 14.354547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.123997, "energy": 92.277314, "activity_lines": [ 253.366661, 248.590906, 241.470711, 237.196772 ] }, { "date": "2024-10-11", "close": 254.25, "volume": 5731, "typical_volume": 7665.0, "trend": 232.834999, "fair_value": 191.828141, "relative_strength": 11.514457, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.173303, "energy": 86.885245, "activity_lines": [ 254.433328, 250.335451, 243.215235, 238.676665 ] }, { "date": "2024-10-18", "close": 262.149994, "volume": 16223, "typical_volume": 8403.7, "trend": 234.586665, "fair_value": 192.396154, "relative_strength": 13.059494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.844192, "energy": 92.789072, "activity_lines": [ 257.406661, 253.160905, 245.575949, 240.567955 ] }, { "date": "2024-10-25", "close": 263.899994, "volume": 9039, "typical_volume": 8796.75, "trend": 236.299999, "fair_value": 192.979872, "relative_strength": 14.785325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.571816, "energy": 91.466957, "activity_lines": [ 259.989994, 255.786359, 247.926425, 242.459137 ] }, { "date": "2024-11-01", "close": 264.200012, "volume": 4827, "typical_volume": 8830.2, "trend": 237.704999, "fair_value": 193.551026, "relative_strength": 16.534619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.347341, "energy": 88.660385, "activity_lines": [ 261.856667, 258.026362, 250.111189, 244.259138 ] }, { "date": "2024-11-08", "close": 259.700012, "volume": 7555, "typical_volume": 9065.95, "trend": 238.593332, "fair_value": 194.066282, "relative_strength": 15.699361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.743357, "energy": 74.40026, "activity_lines": [ 261.703339, 259.037274, 251.679285, 245.678171 ] }, { "date": "2024-11-15", "close": 247.5, "volume": 5898, "typical_volume": 9303.55, "trend": 239.201666, "fair_value": 194.498975, "relative_strength": 11.494801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.860281, "energy": 53.812005, "activity_lines": [ 257.256671, 257.501819, 251.92, 246.252795 ] }, { "date": "2024-11-22", "close": 260.700012, "volume": 16068, "typical_volume": 8877.9, "trend": 240.339999, "fair_value": 195.053462, "relative_strength": 16.011993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.709524, "energy": 47.561267, "activity_lines": [ 257.660008, 258.290912, 253.308096, 247.639785 ] }, { "date": "2024-11-29", "close": 256.350006, "volume": 2150, "typical_volume": 8474.7, "trend": 241.514999, "fair_value": 195.598141, "relative_strength": 13.208714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.152671, "energy": 31.295896, "activity_lines": [ 256.710008, 258.050004, 254.135478, 248.672689 ] }, { "date": "2024-12-06", "close": 254.100006, "volume": 5490, "typical_volume": 8343.6, "trend": 242.378333, "fair_value": 196.123783, "relative_strength": 11.601073, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.631508, "energy": 25.092712, "activity_lines": [ 255.51334, 257.314551, 254.635716, 249.484624 ] }, { "date": "2024-12-13", "close": 256.25, "volume": 27120, "typical_volume": 9400.4, "trend": 243.258333, "fair_value": 196.644616, "relative_strength": 12.883985, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.511386, "energy": 28.498702, "activity_lines": [ 255.706671, 257.011823, 255.23405, 250.379571 ] }, { "date": "2024-12-20", "close": 253.25, "volume": 41437, "typical_volume": 11432.55, "trend": 244.178333, "fair_value": 197.148398, "relative_strength": 14.099197, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.612629, "energy": 19.446814, "activity_lines": [ 255.130003, 256.16455, 255.421431, 251.024194 ] }, { "date": "2024-12-27", "close": 252.0, "volume": 1083, "typical_volume": 11011.1, "trend": 245.078333, "fair_value": 197.646988, "relative_strength": 11.110055, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.944605, "energy": 14.404426, "activity_lines": [ 253.753335, 255.108185, 255.401431, 251.528818 ] }, { "date": "2025-01-03", "close": 254.949997, "volume": 530, "typical_volume": 10226.9, "trend": 246.139999, "fair_value": 198.172949, "relative_strength": 11.618818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.008608, "energy": 11.541499, "activity_lines": [ 253.939999, 254.772729, 255.575002, 252.1657 ] }, { "date": "2025-01-10", "close": 259.75, "volume": 21904, "typical_volume": 11028.0, "trend": 247.308333, "fair_value": 198.705834, "relative_strength": 11.623838, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.76842, "energy": 21.421686, "activity_lines": [ 255.819999, 255.472729, 256.133097, 253.043764 ] }, { "date": "2025-01-17", "close": 261.700012, "volume": 25208, "typical_volume": 11601.35, "trend": 248.533333, "fair_value": 199.247885, "relative_strength": 10.14264, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.678935, "energy": 30.915121, "activity_lines": [ 257.973337, 256.608185, 256.790479, 253.97226 ] }, { "date": "2025-01-24", "close": 267.649994, "volume": 17273, "typical_volume": 12029.35, "trend": 249.973333, "fair_value": 199.851154, "relative_strength": 9.425788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.051571, "energy": 61.54629, "activity_lines": [ 261.746667, 258.789092, 257.919049, 255.205593 ] }, { "date": "2025-01-31", "close": 270.600006, "volume": 15629, "typical_volume": 12361.3, "trend": 251.328334, "fair_value": 200.462949, "relative_strength": 7.492106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.246687, "energy": 75.420635, "activity_lines": [ 265.543336, 261.140002, 259.212859, 256.536346 ] }, { "date": "2025-02-07", "close": 277.25, "volume": 20235, "typical_volume": 12755.9, "trend": 252.815, "fair_value": 201.104424, "relative_strength": 9.70444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.504117, "energy": 85.577063, "activity_lines": [ 270.316669, 264.520001, 261.03024, 258.208711 ] }, { "date": "2025-02-14", "close": 279.600006, "volume": 9591, "typical_volume": 13103.1, "trend": 254.411667, "fair_value": 201.721731, "relative_strength": 8.029766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.123631, "energy": 92.008266, "activity_lines": [ 274.38667, 267.947275, 262.949526, 259.936776 ] }, { "date": "2025-02-21", "close": 282.549988, "volume": 15559, "typical_volume": 13427.5, "trend": 256.165, "fair_value": 202.36359, "relative_strength": 7.754362, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.215847, "energy": 94.085463, "activity_lines": [ 278.116665, 271.447273, 265.039287, 261.752152 ] }, { "date": "2025-02-28", "close": 273.700012, "volume": 35275, "typical_volume": 14904.7, "trend": 257.465001, "fair_value": 202.901667, "relative_strength": 3.550677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.649425, "energy": 86.940907, "activity_lines": [ 277.506669, 272.860002, 266.161193, 262.883443 ] }, { "date": "2025-03-07", "close": 281.100006, "volume": 30875, "typical_volume": 15637.3, "trend": 259.046668, "fair_value": 203.47436, "relative_strength": 5.417889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.589231, "energy": 84.129494, "activity_lines": [ 278.960004, 275.246366, 267.895241, 264.408282 ] }, { "date": "2025-03-14", "close": 287.649994, "volume": 26940, "typical_volume": 16532.35, "trend": 260.645001, "fair_value": 204.118526, "relative_strength": 8.757275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.527004, "energy": 77.728108, "activity_lines": [ 281.896667, 278.294547, 270.162859, 266.253658 ] }, { "date": "2025-03-21", "close": 290.100006, "volume": 12634, "typical_volume": 16922.7, "trend": 262.261668, "fair_value": 204.764039, "relative_strength": 7.927693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.41026, "energy": 71.142887, "activity_lines": [ 284.956669, 281.193638, 272.550716, 268.15398 ] }, { "date": "2025-03-28", "close": 297.100006, "volume": 20292, "typical_volume": 17559.55, "trend": 264.110002, "fair_value": 205.473014, "relative_strength": 12.028232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.355736, "energy": 87.605891, "activity_lines": [ 289.650004, 284.813639, 275.481907, 270.401615 ] }, { "date": "2025-04-04", "close": 291.350006, "volume": 69488, "typical_volume": 20739.05, "trend": 265.710002, "fair_value": 206.134744, "relative_strength": 20.459244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.215714, "energy": 78.848383, "activity_lines": [ 291.456671, 286.744549, 277.687384, 272.159035 ] }, { "date": "2025-04-11", "close": 311.100006, "volume": 109030, "typical_volume": 25387.15, "trend": 267.828335, "fair_value": 206.910898, "relative_strength": 32.422467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.898164, "energy": 88.570169, "activity_lines": [ 298.670005, 291.835459, 281.565003, 275.087422 ] }, { "date": "2025-04-18", "close": 317.549988, "volume": 14444, "typical_volume": 26001.85, "trend": 270.025001, "fair_value": 207.751347, "relative_strength": 29.46006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.529338, "energy": 89.922081, "activity_lines": [ 306.033333, 297.362729, 285.816906, 278.295271 ] }, { "date": "2025-04-25", "close": 315.549988, "volume": 43499, "typical_volume": 27902.3, "trend": 271.996668, "fair_value": 208.589744, "relative_strength": 24.879935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.492375, "energy": 76.144653, "activity_lines": [ 310.736662, 301.793635, 289.586905, 281.232367 ] }, { "date": "2025-05-02", "close": 314.200012, "volume": 9399, "typical_volume": 27016.25, "trend": 273.926669, "fair_value": 209.437693, "relative_strength": 20.522017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.091161, "energy": 79.148583, "activity_lines": [ 313.293333, 305.325456, 292.935716, 283.955163 ] }, { "date": "2025-05-09", "close": 321.75, "volume": 17445, "typical_volume": 25816.65, "trend": 276.176669, "fair_value": 210.374552, "relative_strength": 24.308385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.530439, "energy": 76.845575, "activity_lines": [ 317.226666, 309.654546, 296.72762, 287.040539 ] }, { "date": "2025-05-16", "close": 304.5, "volume": 6374, "typical_volume": 26081.2, "trend": 277.588336, "fair_value": 211.183655, "relative_strength": 14.704732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.728845, "energy": 61.200492, "activity_lines": [ 313.383333, 309.973637, 298.550477, 288.867851 ] }, { "date": "2025-05-23", "close": 320.799988, "volume": 15428, "typical_volume": 26826.1, "trend": 279.485002, "fair_value": 212.091347, "relative_strength": 21.394925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.42739, "energy": 60.555197, "activity_lines": [ 315.41333, 312.830907, 301.675714, 291.655699 ] }, { "date": "2025-05-30", "close": 317.0, "volume": 3225, "typical_volume": 25892.15, "trend": 281.245002, "fair_value": 212.975449, "relative_strength": 18.92073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.926184, "energy": 55.743033, "activity_lines": [ 315.959998, 314.394543, 304.125476, 294.076022 ] }, { "date": "2025-06-06", "close": 323.799988, "volume": 3047, "typical_volume": 24784.1, "trend": 283.381668, "fair_value": 213.896603, "relative_strength": 19.265995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.673232, "energy": 56.211209, "activity_lines": [ 318.67666, 316.705451, 306.950237, 296.821505 ] }, { "date": "2025-06-13", "close": 330.25, "volume": 8725, "typical_volume": 24356.7, "trend": 286.140001, "fair_value": 214.872949, "relative_strength": 22.927594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.372127, "energy": 63.083401, "activity_lines": [ 322.903329, 319.703633, 310.09357, 299.845268 ] }, { "date": "2025-06-20", "close": 324.399994, "volume": 19455, "typical_volume": 24548.0, "trend": 288.263334, "fair_value": 215.820001, "relative_strength": 22.627229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.033666, "energy": 56.134369, "activity_lines": [ 324.613328, 320.930905, 312.381665, 302.313655 ] }, { "date": "2025-06-27", "close": 314.950012, "volume": 21985, "typical_volume": 24635.5, "trend": 290.216667, "fair_value": 216.726347, "relative_strength": 17.205056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.673265, "energy": 49.158963, "activity_lines": [ 321.846667, 320.198181, 313.513571, 304.035376 ] }, { "date": "2025-07-04", "close": 321.049988, "volume": 37215, "typical_volume": 26016.7, "trend": 292.448333, "fair_value": 217.705129, "relative_strength": 18.774255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.429935, "energy": 44.100258, "activity_lines": [ 321.503331, 320.621815, 315.046903, 306.024623 ] }, { "date": "2025-07-11", "close": 324.25, "volume": 5467, "typical_volume": 25512.1, "trend": 294.715, "fair_value": 218.730065, "relative_strength": 19.460334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.731289, "energy": 42.061689, "activity_lines": [ 321.956665, 321.52727, 316.687617, 308.076343 ] }, { "date": "2025-07-18", "close": 323.049988, "volume": 5253, "typical_volume": 24011.0, "trend": 297.041666, "fair_value": 219.724872, "relative_strength": 17.776879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.607304, "energy": 34.60559, "activity_lines": [ 321.979995, 322.031814, 318.015473, 309.904407 ] }, { "date": "2025-07-25", "close": 322.149994, "volume": 5127, "typical_volume": 22723.6, "trend": 299.379999, "fair_value": 220.698013, "relative_strength": 16.914184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.176181, "energy": 36.656876, "activity_lines": [ 322.183327, 322.349086, 319.022616, 311.524299 ] }, { "date": "2025-08-01", "close": 318.100006, "volume": 9537, "typical_volume": 21853.45, "trend": 301.485, "fair_value": 221.636218, "relative_strength": 15.924216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.474489, "energy": 31.825701, "activity_lines": [ 321.186664, 321.609088, 319.448569, 312.732041 ] }, { "date": "2025-08-08", "close": 326.350006, "volume": 6839, "typical_volume": 21563.7, "trend": 303.705, "fair_value": 222.61718, "relative_strength": 17.858022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.929494, "energy": 38.598474, "activity_lines": [ 322.730001, 322.418181, 320.515236, 314.336235 ] }, { "date": "2025-08-15", "close": 322.049988, "volume": 2650, "typical_volume": 20681.6, "trend": 305.716666, "fair_value": 223.593526, "relative_strength": 13.650301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.91783, "energy": 33.858852, "activity_lines": [ 322.486664, 322.275452, 320.999759, 315.519783 ] }, { "date": "2025-08-22", "close": 323.450012, "volume": 5901, "typical_volume": 17502.25, "trend": 307.576666, "fair_value": 224.58359, "relative_strength": 11.748114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.779847, "energy": 34.638691, "activity_lines": [ 322.856669, 322.419091, 321.498808, 316.66387 ] }, { "date": "2025-08-29", "close": 330.0, "volume": 17001, "typical_volume": 12900.8, "trend": 309.556666, "fair_value": 225.642693, "relative_strength": 14.023445, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.267555, "energy": 48.721243, "activity_lines": [ 325.383335, 323.877273, 322.468808, 318.110536 ] }, { "date": "2025-09-05", "close": 345.25, "volume": 17389, "typical_volume": 13048.05, "trend": 311.823333, "fair_value": 226.785449, "relative_strength": 16.821049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.066067, "energy": 80.487291, "activity_lines": [ 332.470001, 328.006364, 324.801189, 320.413332 ] }, { "date": "2025-09-12", "close": 350.950012, "volume": 19898, "typical_volume": 11868.0, "trend": 314.201666, "fair_value": 228.007565, "relative_strength": 19.679165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.981556, "energy": 94.382965, "activity_lines": [ 339.646671, 332.620912, 327.544524, 322.937634 ] }, { "date": "2025-09-19", "close": 351.299988, "volume": 14578, "typical_volume": 12126.95, "trend": 316.493333, "fair_value": 229.240513, "relative_strength": 19.871889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.09905, "energy": 94.13345, "activity_lines": [ 345.3, 336.755455, 330.152618, 325.331074 ] }, { "date": "2025-09-26", "close": 363.350006, "volume": 7511, "typical_volume": 11630.25, "trend": 319.481666, "fair_value": 230.536603, "relative_strength": 24.910094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.700278, "energy": 97.56117, "activity_lines": [ 353.020001, 342.589092, 333.731666, 328.354085 ] }, { "date": "2025-10-03", "close": 373.450012, "volume": 23967, "typical_volume": 12509.9, "trend": 322.56, "fair_value": 231.875642, "relative_strength": 21.640673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.29555, "energy": 98.206762, "activity_lines": [ 361.446671, 349.526367, 338.074525, 331.835914 ] }, { "date": "2025-10-10", "close": 385.799988, "volume": 38787, "typical_volume": 13677.85, "trend": 325.831666, "fair_value": 233.327564, "relative_strength": 24.944673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.487799, "energy": 98.64921, "activity_lines": [ 371.093333, 357.776364, 343.265238, 335.915913 ] }, { "date": "2025-10-17", "close": 409.0, "volume": 28373, "typical_volume": 14935.25, "trend": 329.794999, "fair_value": 234.933847, "relative_strength": 29.633371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.231838, "energy": 99.226295, "activity_lines": [ 385.769999, 369.013637, 350.355953, 341.281612 ] }, { "date": "2025-10-24", "close": 398.399994, "volume": 93931, "typical_volume": 19479.45, "trend": 333.171665, "fair_value": 236.47077, "relative_strength": 26.064938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.048201, "energy": 90.380606, "activity_lines": [ 393.043331, 376.820908, 355.999047, 345.707741 ] }, { "date": "2025-10-31", "close": 384.149994, "volume": 61062, "typical_volume": 22096.3, "trend": 336.264998, "fair_value": 237.897244, "relative_strength": 23.987167, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.330459, "energy": 68.351823, "activity_lines": [ 392.426662, 380.649089, 359.929761, 348.996665 ] }, { "date": "2025-11-07", "close": 384.399994, "volume": 11535, "typical_volume": 21700.3, "trend": 338.708331, "fair_value": 239.268013, "relative_strength": 22.563419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.592019, "energy": 66.999479, "activity_lines": [ 390.506661, 383.419088, 363.627618, 352.102149 ] }, { "date": "2025-11-14", "close": 393.25, "volume": 4342, "typical_volume": 20818.15, "trend": 341.231665, "fair_value": 240.701923, "relative_strength": 21.152268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.233864, "energy": 64.891698, "activity_lines": [ 390.806663, 386.809088, 367.882618, 355.620966 ] }, { "date": "2025-11-21", "close": 392.200012, "volume": 4136, "typical_volume": 19164.2, "trend": 343.786666, "fair_value": 242.131154, "relative_strength": 20.053948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.384199, "energy": 59.504921, "activity_lines": [ 390.260002, 389.135454, 371.664762, 358.909247 ] }, { "date": "2025-11-28", "close": 405.149994, "volume": 18853, "typical_volume": 19833.5, "trend": 346.818332, "fair_value": 243.614423, "relative_strength": 21.191659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.664928, "energy": 65.058675, "activity_lines": [ 395.15, 393.066362, 376.341428, 362.868171 ] }, { "date": "2025-12-05", "close": 404.399994, "volume": 14684, "typical_volume": 20305.05, "trend": 349.573332, "fair_value": 245.093911, "relative_strength": 19.15776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.087389, "energy": 65.800102, "activity_lines": [ 399.339998, 395.881816, 380.561428, 366.583117 ] }, { "date": "2025-12-12", "close": 412.25, "volume": 26804, "typical_volume": 21388.9, "trend": 353.164998, "fair_value": 246.62859, "relative_strength": 21.036939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.746363, "energy": 68.022432, "activity_lines": [ 404.796665, 399.37818, 385.141666, 370.626773 ] }, { "date": "2025-12-19", "close": 418.200012, "volume": 54337, "typical_volume": 23628.9, "trend": 356.411666, "fair_value": 248.195129, "relative_strength": 19.307881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.964068, "energy": 76.038278, "activity_lines": [ 410.380003, 403.25091, 389.859524, 374.822581 ] }, { "date": "2025-12-26", "close": 429.049988, "volume": 16848, "typical_volume": 24129.35, "trend": 360.146665, "fair_value": 249.820193, "relative_strength": 20.817227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.344739, "energy": 84.392055, "activity_lines": [ 417.916665, 408.507272, 395.134047, 379.508924 ] }, { "date": "2026-01-02", "close": 420.5, "volume": 37251, "typical_volume": 25859.4, "trend": 363.369999, "fair_value": 251.367629, "relative_strength": 17.367782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.678193, "energy": 67.630279, "activity_lines": [ 420.146665, 411.844545, 399.105237, 383.402687 ] }, { "date": "2026-01-09", "close": 433.649994, "volume": 48545, "typical_volume": 27991.6, "trend": 366.816666, "fair_value": 252.961539, "relative_strength": 18.776629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.102198, "energy": 76.549366, "activity_lines": [ 425.736664, 417.170907, 403.859998, 387.936881 ] }, { "date": "2026-01-16", "close": 442.049988, "volume": 44475, "typical_volume": 29365.3, "trend": 370.738332, "fair_value": 254.609295, "relative_strength": 20.205886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.549788, "energy": 88.418694, "activity_lines": [ 432.17666, 423.124542, 408.889997, 392.790643 ] }, { "date": "2026-01-23", "close": 478.649994, "volume": 98581, "typical_volume": 33424.9, "trend": 376.194998, "fair_value": 256.482436, "relative_strength": 31.448016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.519237, "energy": 97.505619, "activity_lines": [ 448.829993, 434.684541, 416.87214, 399.752686 ] }, { "date": "2026-01-30", "close": 478.700012, "volume": 288955, "typical_volume": 46877.75, "trend": 381.449999, "fair_value": 258.394359, "relative_strength": 29.71732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.991339, "energy": 95.189777, "activity_lines": [ 461.469999, 444.700907, 424.223808, 406.365913 ] }, { "date": "2026-02-06", "close": 475.149994, "volume": 206863, "typical_volume": 56492.0, "trend": 386.479999, "fair_value": 260.285833, "relative_strength": 25.27201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.010548, "energy": 85.308524, "activity_lines": [ 469.616665, 452.499088, 430.629046, 412.411074 ] }, { "date": "2026-02-13", "close": 483.899994, "volume": 102455, "typical_volume": 61239.2, "trend": 391.841666, "fair_value": 262.255833, "relative_strength": 24.82015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.178311, "energy": 71.088233, "activity_lines": [ 477.036664, 460.615451, 437.277855, 418.696235 ] }, { "date": "2026-02-20", "close": 486.299988, "volume": 52931, "typical_volume": 62687.4, "trend": 397.313332, "fair_value": 264.251731, "relative_strength": 22.002346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.638662, "energy": 68.882439, "activity_lines": [ 481.906661, 467.722722, 443.581187, 424.79032 ] }, { "date": "2026-02-27", "close": 503.299988, "volume": 170705, "typical_volume": 69283.3, "trend": 403.486665, "fair_value": 266.334295, "relative_strength": 23.64573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.415621, "energy": 71.506914, "activity_lines": [ 489.493325, 476.574539, 450.966186, 431.628169 ] }, { "date": "2026-03-13", "close": 382.450012, "volume": 732, "typical_volume": 67901.25, "trend": 405.356665, "fair_value": 267.634615, "relative_strength": 1.995355, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.804016, "energy": 22.715012, "activity_lines": [ 455.153331, 461.90636, 446.28214, 430.270965 ] }, { "date": "2026-03-20", "close": 347.75, "volume": 10836, "typical_volume": 63746.5, "trend": 406.213332, "fair_value": 268.652756, "relative_strength": -3.735097, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -4.232162, "energy": 19.468169, "activity_lines": [ 415.663332, 441.776361, 438.419759, 426.554406 ] }, { "date": "2026-03-27", "close": 347.299988, "volume": 22611, "typical_volume": 61823.95, "trend": 407.008331, "fair_value": 269.639551, "relative_strength": -6.10131, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.23901, "energy": 38.878067, "activity_lines": [ 384.516663, 422.887269, 430.755711, 422.753545 ] }, { "date": "2026-04-03", "close": 358.600006, "volume": 8613, "typical_volume": 61677.85, "trend": 407.961665, "fair_value": 270.713782, "relative_strength": -6.395329, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.553125, "energy": 39.349705, "activity_lines": [ 366.243333, 407.622725, 424.343331, 419.630428 ] }, { "date": "2026-04-10", "close": 362.25, "volume": 3214, "typical_volume": 61621.45, "trend": 408.528332, "fair_value": 271.790256, "relative_strength": -7.035932, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.861758, "energy": 35.5994, "activity_lines": [ 357.7, 394.539089, 418.401426, 416.681288 ] }, { "date": "2026-04-17", "close": 365.200012, "volume": 4364, "typical_volume": 61632.85, "trend": 409.003332, "fair_value": 272.880128, "relative_strength": -7.949447, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.309242, "energy": 37.272468, "activity_lines": [ 359.543337, 384.108183, 412.888094, 413.885913 ] }, { "date": "2026-04-24", "close": 357.0, "volume": 2269, "typical_volume": 60803.65, "trend": 409.193332, "fair_value": 273.932564, "relative_strength": -8.252766, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.515424, "energy": 25.916063, "activity_lines": [ 359.803337, 374.250001, 406.72238, 410.530859 ] }, { "date": "2026-05-01", "close": 347.5, "volume": 3465, "typical_volume": 60242.7, "trend": 408.664998, "fair_value": 274.931923, "relative_strength": -10.468695, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.904851, "energy": 32.918506, "activity_lines": [ 356.280003, 364.812729, 399.88119, 406.550644 ] }, { "date": "2026-05-08", "close": 352.549988, "volume": 5165, "typical_volume": 59160.75, "trend": 407.968331, "fair_value": 275.945449, "relative_strength": -8.995706, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.714783, "energy": 29.920073, "activity_lines": [ 354.426664, 358.773636, 393.791903, 402.930321 ] }, { "date": "2026-05-15", "close": 344.049988, "volume": 5259, "typical_volume": 56706.85, "trend": 406.576664, "fair_value": 276.906025, "relative_strength": -11.958848, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.359233, "energy": 29.842065, "activity_lines": [ 350.143327, 353.620906, 387.177378, 398.806557 ] }, { "date": "2026-05-22", "close": 340.899994, "volume": 5081, "typical_volume": 56118.5, "trend": 404.306664, "fair_value": 277.868846, "relative_strength": -14.624564, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.50086, "energy": 29.131634, "activity_lines": [ 346.023326, 350.790905, 380.615949, 394.569352 ] }, { "date": "2026-05-29", "close": 345.049988, "volume": 4667, "typical_volume": 54489.3, "trend": 402.528331, "fair_value": 278.878397, "relative_strength": -13.791037, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.802771, "energy": 26.501328, "activity_lines": [ 344.906657, 349.470904, 374.86952, 390.746341 ] }, { "date": "2026-06-05", "close": 332.950012, "volume": 592, "typical_volume": 52091.65, "trend": 400.821664, "fair_value": 279.797179, "relative_strength": -15.796703, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.9118, "energy": 26.51965, "activity_lines": [ 340.553331, 345.999997, 368.329998, 386.257417 ] }, { "date": "2026-06-12", "close": 324.100006, "volume": 982, "typical_volume": 49917.0, "trend": 398.811665, "fair_value": 280.660256, "relative_strength": -19.814326, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.768975, "energy": 27.361845, "activity_lines": [ 334.220001, 341.180908, 361.427141, 381.307633 ] }, { "date": "2026-06-19", "close": 323.899994, "volume": 292, "typical_volume": 45002.55, "trend": 396.499998, "fair_value": 281.519872, "relative_strength": -20.056194, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.064688, "energy": 27.631597, "activity_lines": [ 329.716667, 336.952725, 355.066903, 376.474621 ] }, { "date": "2026-06-26", "close": 317.799988, "volume": 415, "typical_volume": 30575.55, "trend": 394.019997, "fair_value": 282.364743, "relative_strength": -23.523165, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.753764, "energy": 30.217343, "activity_lines": [ 324.52333, 332.312723, 348.862616, 371.397201 ] }, { "date": "2026-07-03", "close": 321.399994, "volume": 324, "typical_volume": 20248.6, "trend": 391.228331, "fair_value": 283.238461, "relative_strength": -23.805313, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.988872, "energy": 29.820303, "activity_lines": [ 322.069995, 329.189086, 343.767378, 366.71204 ] }, { "date": "2026-07-10", "close": 318.5, "volume": 4620, "typical_volume": 15356.85, "trend": 388.364997, "fair_value": 284.08423, "relative_strength": -23.265381, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.019171, "energy": 27.541329, "activity_lines": [ 320.226662, 326.185451, 339.128092, 362.01989 ] }, { "date": "2026-07-17", "close": 310.75, "volume": 21184, "typical_volume": 13769.5, "trend": 384.981664, "fair_value": 284.865192, "relative_strength": -25.429046, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.985885, "energy": 27.700985, "activity_lines": [ 316.76333, 322.299997, 334.538331, 357.01247 ] }, { "date": "2026-07-24", "close": 320.149994, "volume": 6390, "typical_volume": 5553.75, "trend": 381.71333, "fair_value": 285.702692, "relative_strength": -22.84923, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -49.18003, "energy": 25.028146, "activity_lines": [ 317.32333, 320.883633, 331.679759, 352.829782 ] }, { "date": "2026-07-31", "close": 314.649994, "volume": 17254, "typical_volume": 6379.85, "trend": 377.899997, "fair_value": 286.50891, "relative_strength": -24.021876, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -49.202709, "energy": 24.442233, "activity_lines": [ 316.299996, 318.901814, 329.16952, 348.503115 ] }, { "date": "2026-08-07", "close": 338.200012, "volume": 87913, "typical_volume": 10233.7, "trend": 375.156664, "fair_value": 287.480833, "relative_strength": -19.256404, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.450217, "energy": 17.465211, "activity_lines": [ 323.336668, 321.67909, 329.224998, 345.941826 ] } ], "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." } } }