{ "ticker": { "uuid": "3261b7ad-980d-474f-90b3-35a87d235cff", "symbol": "PTF", "name": "INVESCO DORSEY WRIGHT TECHNOLOGY MOMENTUM 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 84.284, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -17.333, "architecture_energy": 27.018, "architecture_maturity": 47.389, "architecture_confidence": 59.351, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 50.34, "rotation_up": 14.43, "upward_expansion": 15.7, "deceleration": 69.75, "rotation_down": 59.56, "downward_expansion": 40.7 }, "activity_lines": [ 103.775913, 109.887467, 114.322257, 110.514424 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 108.1659, "trend_reference": 104.22268, "distance_from_trend": 0.037835, "trend_direction": "Improving", "fair_value": 70.287966, "distance_from_fair_value": 0.538896, "fair_value_direction": "Weakening", "relative_strength": 3.882378, "relative_strength_direction": "Weakening", "price_momentum": 0.219579, "excess_performance": 0.032125, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.037835, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.137308, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.538896, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.334794, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.038824, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.232157, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.219579, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.916428, "read": "Supply-led" } ], "volume": { "latest": 773096, "relative_activity": 1.216874, "balance": 0.916428, "dry_up": 1.691596, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.143793, "annualized_volatility": 0.437613, "from_high_reference": -0.22545, "from_low_reference": 0.68265 }, "levels": { "trend_reference": 104.22268, "fair_value_reference": 70.287966, "structural_low": 80.58, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.000801, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.001641, "regime_survival": 0.3, "best_return": 0.2415, "worst_return": -0.152795, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.020988, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.050591, "regime_survival": 0.142857, "best_return": 0.235955, "worst_return": -0.221601, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.165034, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.039607, "regime_survival": 0.0, "best_return": 0.356399, "worst_return": -0.217344, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.182884, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.013834, "regime_survival": 0.0, "best_return": 0.408787, "worst_return": -0.363924, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-08", "end": "2024-01-19", "tenure": "Developing", "return": 0.037312, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-26", "end": "2024-04-19", "tenure": "Established", "return": 0.009878, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.077776, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2025-01-10", "tenure": "Extended", "return": 0.122717, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-03-07", "tenure": "Developing", "return": -0.132259, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.150966, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.154986, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.022003, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": 0.027012, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": 0.062966, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2026-03-27", "tenure": "Extended", "return": 0.119143, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.078684, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-07-10", "tenure": "Established", "return": 0.087952, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.078962, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 44.725953, "volume": 153396, "typical_volume": 137693.6, "trend": 44.126348, "fair_value": 44.747598, "relative_strength": -7.24421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.503559, "energy": 18.65183, "activity_lines": [ 47.016933, 47.889192, 46.861101, 45.633537 ] }, { "date": "2023-08-25", "close": 45.673326, "volume": 221730, "typical_volume": 137322.25, "trend": 44.293441, "fair_value": 44.807591, "relative_strength": -6.650098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.078105, "energy": 25.964699, "activity_lines": [ 46.25837, 47.461216, 46.882893, 45.733342 ] }, { "date": "2023-09-01", "close": 48.904365, "volume": 107733, "typical_volume": 141414.25, "trend": 44.531132, "fair_value": 44.898328, "relative_strength": -3.582297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.555657, "energy": 27.171944, "activity_lines": [ 46.831447, 47.646822, 47.192074, 46.030821 ] }, { "date": "2023-09-08", "close": 47.13926, "volume": 51074, "typical_volume": 141153.15, "trend": 44.719622, "fair_value": 44.98527, "relative_strength": -5.720242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.533014, "energy": 18.069115, "activity_lines": [ 46.939813, 47.460007, 47.306305, 46.199087 ] }, { "date": "2023-09-15", "close": 45.384128, "volume": 105488, "typical_volume": 143165.8, "trend": 44.828896, "fair_value": 45.058325, "relative_strength": -8.641659, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.44073, "energy": 6.956144, "activity_lines": [ 46.550892, 46.986834, 47.228578, 46.241959 ] }, { "date": "2023-09-22", "close": 43.225188, "volume": 69951, "typical_volume": 144758.7, "trend": 44.907186, "fair_value": 45.105885, "relative_strength": -9.855562, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.600051, "energy": 12.06831, "activity_lines": [ 45.504153, 46.171775, 46.919822, 46.138494 ] }, { "date": "2023-09-29", "close": 44.063156, "volume": 90168, "typical_volume": 147841.25, "trend": 44.97811, "fair_value": 45.151287, "relative_strength": -8.067612, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.277602, "energy": 27.925811, "activity_lines": [ 44.836787, 45.636506, 46.677125, 46.08404 ] }, { "date": "2023-10-06", "close": 44.162914, "volume": 112688, "typical_volume": 152419.55, "trend": 45.108923, "fair_value": 45.181406, "relative_strength": -9.299402, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.588982, "energy": 39.526774, "activity_lines": [ 44.310018, 45.218095, 46.42713, 46.031447 ] }, { "date": "2023-10-13", "close": 43.444656, "volume": 42693, "typical_volume": 152414.2, "trend": 45.198427, "fair_value": 45.203087, "relative_strength": -10.771559, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.590539, "energy": 48.583508, "activity_lines": [ 43.859927, 44.789024, 46.102542, 45.924075 ] }, { "date": "2023-10-20", "close": 41.828574, "volume": 106267, "typical_volume": 155548.6, "trend": 45.205354, "fair_value": 45.220819, "relative_strength": -11.313733, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.36673, "energy": 55.837423, "activity_lines": [ 43.117449, 44.157228, 45.633347, 45.706665 ] }, { "date": "2023-10-27", "close": 40.651429, "volume": 84617, "typical_volume": 157263.1, "trend": 45.112235, "fair_value": 45.247173, "relative_strength": -11.232885, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.096633, "energy": 61.334749, "activity_lines": [ 42.219626, 43.392915, 45.07279, 45.412863 ] }, { "date": "2023-11-03", "close": 43.823737, "volume": 83953, "typical_volume": 157748.6, "trend": 45.19289, "fair_value": 45.256928, "relative_strength": -9.877126, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.67688, "energy": 45.979621, "activity_lines": [ 42.550823, 43.279467, 44.842913, 45.329734 ] }, { "date": "2023-11-10", "close": 44.641753, "volume": 96516, "typical_volume": 161700.75, "trend": 45.238714, "fair_value": 45.288615, "relative_strength": -10.510006, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.665947, "energy": 29.056471, "activity_lines": [ 43.170654, 43.348379, 44.70659, 45.294177 ] }, { "date": "2023-11-17", "close": 46.158076, "volume": 230782, "typical_volume": 171118.55, "trend": 45.37963, "fair_value": 45.318297, "relative_strength": -9.010688, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -29.541613, "energy": 17.437216, "activity_lines": [ 44.264002, 43.770487, 44.721492, 45.353491 ] }, { "date": "2023-11-24", "close": 46.631927, "volume": 34746, "typical_volume": 171227.2, "trend": 45.599133, "fair_value": 45.34347, "relative_strength": -8.574749, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -11.96744, "energy": 19.942621, "activity_lines": [ 45.334407, 44.29659, 44.794774, 45.434284 ] }, { "date": "2023-12-01", "close": 48.562247, "volume": 137662, "typical_volume": 174396.85, "trend": 45.873267, "fair_value": 45.378799, "relative_strength": -4.659623, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 33.576398, "energy": 36.351375, "activity_lines": [ 46.728028, 45.150973, 45.059218, 45.625453 ] }, { "date": "2023-12-08", "close": 48.392658, "volume": 102058, "typical_volume": 174415.1, "trend": 46.135171, "fair_value": 45.408771, "relative_strength": -5.281598, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.055289, "energy": 50.000903, "activity_lines": [ 47.537731, 45.877484, 45.315472, 45.787994 ] }, { "date": "2023-12-15", "close": 50.208255, "volume": 179412, "typical_volume": 178269.1, "trend": 46.379996, "fair_value": 45.427179, "relative_strength": -4.6678, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.204833, "energy": 67.281479, "activity_lines": [ 48.648039, 46.855385, 45.749879, 46.050774 ] }, { "date": "2023-12-22", "close": 50.806804, "volume": 204372, "typical_volume": 181338.4, "trend": 46.560264, "fair_value": 45.44438, "relative_strength": -4.182866, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.08353, "energy": 72.582795, "activity_lines": [ 49.586762, 47.832199, 46.243914, 46.336374 ] }, { "date": "2023-12-29", "close": 50.38782, "volume": 104487, "typical_volume": 115989.65, "trend": 46.700344, "fair_value": 45.467735, "relative_strength": -5.0139, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.816448, "energy": 73.313862, "activity_lines": [ 50.07591, 48.598976, 46.686849, 46.583313 ] }, { "date": "2024-01-05", "close": 47.025972, "volume": 106620, "typical_volume": 113650.85, "trend": 46.71294, "fair_value": 45.460955, "relative_strength": -8.17068, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.946213, "energy": 50.638941, "activity_lines": [ 49.194048, 48.598885, 46.790198, 46.604321 ] }, { "date": "2024-01-12", "close": 48.439644, "volume": 216514, "typical_volume": 113390.05, "trend": 46.757262, "fair_value": 45.463998, "relative_strength": -8.025964, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.238078, "energy": 33.406509, "activity_lines": [ 48.885829, 48.739925, 47.017229, 46.715722 ] }, { "date": "2024-01-19", "close": 50.19828, "volume": 85637, "typical_volume": 112285.25, "trend": 46.894797, "fair_value": 45.455275, "relative_strength": -7.019842, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.527389, "energy": 42.109937, "activity_lines": [ 49.160689, 49.116791, 47.398577, 46.937723 ] }, { "date": "2024-01-26", "close": 50.497554, "volume": 192642, "typical_volume": 119363.65, "trend": 46.946685, "fair_value": 45.46811, "relative_strength": -6.779644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.327153, "energy": 40.71173, "activity_lines": [ 49.535972, 49.447043, 47.802266, 47.170159 ] }, { "date": "2024-02-02", "close": 51.465208, "volume": 160815, "typical_volume": 122130.0, "trend": 47.056534, "fair_value": 45.453429, "relative_strength": -5.898346, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.186819, "energy": 61.936769, "activity_lines": [ 50.254424, 49.874333, 48.28212, 47.461676 ] }, { "date": "2024-02-09", "close": 55.116354, "volume": 173534, "typical_volume": 127309.15, "trend": 47.219279, "fair_value": 45.438276, "relative_strength": -0.877962, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.630252, "energy": 87.62046, "activity_lines": [ 52.118098, 50.877589, 49.080745, 47.981665 ] }, { "date": "2024-02-16", "close": 54.048943, "volume": 142546, "typical_volume": 129928.05, "trend": 47.371152, "fair_value": 45.424565, "relative_strength": -1.1068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.576729, "energy": 86.651277, "activity_lines": [ 53.08661, 51.567605, 49.721087, 48.422288 ] }, { "date": "2024-02-23", "close": 53.210974, "volume": 146260, "typical_volume": 131606.65, "trend": 47.452877, "fair_value": 45.432406, "relative_strength": -3.74426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.110452, "energy": 79.918462, "activity_lines": [ 53.401845, 52.002421, 50.234071, 48.799051 ] }, { "date": "2024-03-01", "close": 56.742411, "volume": 125699, "typical_volume": 135756.95, "trend": 47.729104, "fair_value": 45.49903, "relative_strength": 0.817739, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.901934, "energy": 87.829107, "activity_lines": [ 54.69338, 53.024722, 51.040296, 49.398376 ] }, { "date": "2024-03-08", "close": 56.732436, "volume": 120359, "typical_volume": 136461.55, "trend": 48.076467, "fair_value": 45.541586, "relative_strength": 2.487674, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.75111, "energy": 69.867054, "activity_lines": [ 55.565266, 53.93729, 51.782249, 49.979236 ] }, { "date": "2024-03-15", "close": 55.345798, "volume": 126941, "typical_volume": 138577.75, "trend": 48.430462, "fair_value": 45.586009, "relative_strength": 1.263666, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.075051, "energy": 58.959805, "activity_lines": [ 55.623791, 54.482384, 52.321171, 50.448225 ] }, { "date": "2024-03-22", "close": 57.291081, "volume": 145803, "typical_volume": 141670.25, "trend": 48.81772, "fair_value": 45.657843, "relative_strength": 1.863258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.567433, "energy": 60.598954, "activity_lines": [ 56.315447, 55.229897, 52.975384, 51.019878 ] }, { "date": "2024-03-29", "close": 57.241202, "volume": 56605, "typical_volume": 139674.7, "trend": 49.095615, "fair_value": 45.712541, "relative_strength": 2.432817, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.686187, "energy": 56.731429, "activity_lines": [ 56.774334, 55.807406, 53.560716, 51.563328 ] }, { "date": "2024-04-05", "close": 57.03171, "volume": 127782, "typical_volume": 134524.7, "trend": 49.425363, "fair_value": 45.762276, "relative_strength": 2.902836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.501548, "energy": 53.521684, "activity_lines": [ 56.894709, 56.218772, 54.0661, 52.075335 ] }, { "date": "2024-04-12", "close": 55.43558, "volume": 153330, "typical_volume": 140453.9, "trend": 49.760411, "fair_value": 45.811641, "relative_strength": 0.682499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.376862, "energy": 47.743961, "activity_lines": [ 56.463754, 56.22113, 54.367692, 52.463091 ] }, { "date": "2024-04-19", "close": 50.996344, "volume": 121857, "typical_volume": 139663.65, "trend": 50.01945, "fair_value": 45.826024, "relative_strength": -1.949019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.846792, "energy": 20.475155, "activity_lines": [ 54.63951, 55.344165, 54.204578, 52.542828 ] }, { "date": "2024-04-26", "close": 54.896886, "volume": 73280, "typical_volume": 138224.75, "trend": 50.380574, "fair_value": 45.873768, "relative_strength": 1.509311, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.8914, "energy": 20.347974, "activity_lines": [ 54.405411, 55.2513, 54.401352, 52.857501 ] }, { "date": "2024-05-03", "close": 55.285943, "volume": 71472, "typical_volume": 132827.75, "trend": 50.751342, "fair_value": 45.938851, "relative_strength": 1.158543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.13096, "energy": 20.930024, "activity_lines": [ 54.460611, 55.213754, 54.604207, 53.173977 ] }, { "date": "2024-05-10", "close": 57.101541, "volume": 76124, "typical_volume": 126415.35, "trend": 51.206571, "fair_value": 46.03404, "relative_strength": 2.868254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.907, "energy": 22.224326, "activity_lines": [ 55.25136, 55.468591, 54.955797, 53.583667 ] }, { "date": "2024-05-17", "close": 59.166533, "volume": 82119, "typical_volume": 125296.95, "trend": 51.784503, "fair_value": 46.133882, "relative_strength": 4.255909, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.441594, "energy": 44.068973, "activity_lines": [ 56.725785, 56.092351, 55.474078, 54.097213 ] }, { "date": "2024-05-24", "close": 60.074332, "volume": 77587, "typical_volume": 123845.3, "trend": 52.431933, "fair_value": 46.224655, "relative_strength": 4.424599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.155937, "energy": 68.619279, "activity_lines": [ 58.254079, 56.836909, 56.037013, 54.632041 ] }, { "date": "2024-05-31", "close": 57.440718, "volume": 88075, "typical_volume": 117423.35, "trend": 52.885833, "fair_value": 46.293284, "relative_strength": 1.507331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.449229, "energy": 63.203869, "activity_lines": [ 58.299303, 57.016655, 56.286992, 54.955188 ] }, { "date": "2024-06-07", "close": 58.069194, "volume": 62552, "typical_volume": 116269.1, "trend": 53.333414, "fair_value": 46.356208, "relative_strength": 0.010435, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.027529, "energy": 61.548104, "activity_lines": [ 58.38443, 57.307949, 56.553963, 55.289598 ] }, { "date": "2024-06-14", "close": 60.632978, "volume": 59615, "typical_volume": 109617.75, "trend": 53.815911, "fair_value": 46.442426, "relative_strength": 0.925625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.58527, "energy": 61.137874, "activity_lines": [ 59.138601, 58.050331, 57.027625, 55.760538 ] }, { "date": "2024-06-21", "close": 60.553171, "volume": 76612, "typical_volume": 105407.6, "trend": 54.279952, "fair_value": 46.515011, "relative_strength": 0.610412, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.002759, "energy": 49.43553, "activity_lines": [ 59.630741, 58.712725, 57.445421, 56.1952 ] }, { "date": "2024-06-28", "close": 61.790172, "volume": 91981, "typical_volume": 101329.95, "trend": 54.720883, "fair_value": 46.593161, "relative_strength": 2.799641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.657528, "energy": 61.815921, "activity_lines": [ 60.442772, 59.506981, 57.937751, 56.67973 ] }, { "date": "2024-07-05", "close": 63.805285, "volume": 65469, "typical_volume": 97476.1, "trend": 55.234637, "fair_value": 46.684133, "relative_strength": 2.564641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.909368, "energy": 76.068656, "activity_lines": [ 61.812118, 60.471369, 58.590217, 57.265821 ] }, { "date": "2024-07-12", "close": 64.164415, "volume": 76005, "typical_volume": 93963.35, "trend": 55.699843, "fair_value": 46.792242, "relative_strength": 3.480939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.396967, "energy": 78.822242, "activity_lines": [ 62.87687, 61.339084, 59.230426, 57.841935 ] }, { "date": "2024-07-19", "close": 59.894768, "volume": 77699, "typical_volume": 91563.35, "trend": 56.002775, "fair_value": 46.854813, "relative_strength": 0.677378, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.175876, "energy": 57.015021, "activity_lines": [ 62.112058, 61.269072, 59.411843, 58.112576 ] }, { "date": "2024-07-26", "close": 59.106679, "volume": 81707, "typical_volume": 89630.75, "trend": 56.293404, "fair_value": 46.912013, "relative_strength": 2.073761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.172128, "energy": 40.113968, "activity_lines": [ 61.133764, 61.004985, 59.503193, 58.312828 ] }, { "date": "2024-08-02", "close": 54.098822, "volume": 106584, "typical_volume": 88612.9, "trend": 56.529165, "fair_value": 46.929784, "relative_strength": -3.45689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.566254, "energy": 12.375184, "activity_lines": [ 58.582616, 59.831467, 59.106299, 58.171242 ] }, { "date": "2024-08-09", "close": 57.131468, "volume": 181673, "typical_volume": 90406.4, "trend": 56.818893, "fair_value": 46.971234, "relative_strength": 1.586838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.185527, "energy": 23.212974, "activity_lines": [ 57.555108, 59.317985, 59.004165, 58.2101 ] }, { "date": "2024-08-16", "close": 62.578261, "volume": 188778, "typical_volume": 97015.05, "trend": 57.231559, "fair_value": 47.054095, "relative_strength": 5.407693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.623418, "energy": 24.274846, "activity_lines": [ 58.788118, 59.800451, 59.421534, 58.581672 ] }, { "date": "2024-08-23", "close": 64.343979, "volume": 153079, "typical_volume": 98279.9, "trend": 57.693106, "fair_value": 47.124803, "relative_strength": 7.132508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.153784, "energy": 24.814277, "activity_lines": [ 60.715444, 60.521974, 59.981652, 59.040538 ] }, { "date": "2024-08-30", "close": 62.328865, "volume": 140452, "typical_volume": 97636.0, "trend": 58.055228, "fair_value": 47.176715, "relative_strength": 4.58274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.534172, "energy": 38.322808, "activity_lines": [ 61.674452, 60.80964, 60.315034, 59.339619 ] }, { "date": "2024-09-06", "close": 56.014177, "volume": 130090, "typical_volume": 98047.65, "trend": 58.085156, "fair_value": 47.200076, "relative_strength": -0.196416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.352022, "energy": 17.323462, "activity_lines": [ 60.313751, 59.916896, 60.014192, 59.207938 ] }, { "date": "2024-09-13", "close": 61.171671, "volume": 86061, "typical_volume": 98686.7, "trend": 58.32258, "fair_value": 47.253984, "relative_strength": 2.796078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.91329, "energy": 21.43364, "activity_lines": [ 60.544525, 60.066896, 60.180646, 59.407068 ] }, { "date": "2024-09-20", "close": 62.109398, "volume": 93621, "typical_volume": 99794.15, "trend": 58.619194, "fair_value": 47.309606, "relative_strength": 2.720475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.197933, "energy": 21.891914, "activity_lines": [ 60.818528, 60.435275, 60.406527, 59.651379 ] }, { "date": "2024-09-27", "close": 63.411241, "volume": 82664, "typical_volume": 100121.15, "trend": 58.841488, "fair_value": 47.392355, "relative_strength": 3.69709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.5695, "energy": 24.497421, "activity_lines": [ 61.557735, 61.077717, 60.7239, 59.960544 ] }, { "date": "2024-10-04", "close": 64.014777, "volume": 93392, "typical_volume": 100684.8, "trend": 59.084233, "fair_value": 47.480058, "relative_strength": 4.410771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.384873, "energy": 44.907915, "activity_lines": [ 62.560304, 61.765958, 61.068707, 60.294304 ] }, { "date": "2024-10-11", "close": 66.578561, "volume": 101108, "typical_volume": 101860.85, "trend": 59.458658, "fair_value": 47.56706, "relative_strength": 7.014328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.415111, "energy": 60.118739, "activity_lines": [ 64.305074, 62.831102, 61.634597, 60.777809 ] }, { "date": "2024-10-18", "close": 65.89023, "volume": 107736, "typical_volume": 102843.9, "trend": 59.745297, "fair_value": 47.638682, "relative_strength": 5.437268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.314178, "energy": 64.589919, "activity_lines": [ 65.116107, 63.544191, 62.103958, 61.192749 ] }, { "date": "2024-10-25", "close": 65.486209, "volume": 75602, "typical_volume": 103496.4, "trend": 60.02013, "fair_value": 47.69718, "relative_strength": 4.393632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.691539, "energy": 63.843155, "activity_lines": [ 65.477896, 64.024572, 62.494606, 61.563131 ] }, { "date": "2024-11-01", "close": 64.264173, "volume": 132066, "typical_volume": 107118.95, "trend": 60.261212, "fair_value": 47.72729, "relative_strength": 3.916891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.24139, "energy": 56.963668, "activity_lines": [ 65.207219, 64.229892, 62.733551, 61.83694 ] }, { "date": "2024-11-08", "close": 74.210056, "volume": 340217, "typical_volume": 120299.2, "trend": 60.887028, "fair_value": 47.816172, "relative_strength": 13.326646, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.074758, "energy": 77.43872, "activity_lines": [ 68.194975, 66.245006, 63.902431, 62.736865 ] }, { "date": "2024-11-15", "close": 69.501473, "volume": 230143, "typical_volume": 127207.3, "trend": 61.503866, "fair_value": 47.869588, "relative_strength": 9.567663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.175359, "energy": 70.586192, "activity_lines": [ 68.933517, 67.187992, 64.557842, 63.292636 ] }, { "date": "2024-11-22", "close": 75.6765, "volume": 208870, "typical_volume": 134377.35, "trend": 62.19652, "fair_value": 47.985847, "relative_strength": 16.617161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.672584, "energy": 85.140954, "activity_lines": [ 71.535541, 69.008487, 65.76463, 64.206999 ] }, { "date": "2024-11-29", "close": 76.145363, "volume": 143319, "typical_volume": 137743.05, "trend": 62.891834, "fair_value": 48.128392, "relative_strength": 16.013236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.680356, "energy": 89.160481, "activity_lines": [ 73.641435, 70.650505, 66.959542, 65.106925 ] }, { "date": "2024-12-06", "close": 80.275349, "volume": 302905, "typical_volume": 149003.35, "trend": 63.664294, "fair_value": 48.287805, "relative_strength": 17.919511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.156037, "energy": 93.695355, "activity_lines": [ 76.41338, 72.788231, 68.490734, 66.228442 ] }, { "date": "2024-12-13", "close": 75.91592, "volume": 223608, "typical_volume": 156098.4, "trend": 64.222607, "fair_value": 48.436634, "relative_strength": 10.36281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.614132, "energy": 86.48094, "activity_lines": [ 76.664771, 73.826713, 69.509691, 67.018869 ] }, { "date": "2024-12-20", "close": 75.058, "volume": 339183, "typical_volume": 167728.35, "trend": 64.722062, "fair_value": 48.562411, "relative_strength": 11.287631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.304115, "energy": 75.99868, "activity_lines": [ 76.516464, 74.492825, 70.366899, 67.717927 ] }, { "date": "2024-12-27", "close": 74.279887, "volume": 132241, "typical_volume": 165256.75, "trend": 65.283368, "fair_value": 48.68467, "relative_strength": 8.842449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.201545, "energy": 56.19488, "activity_lines": [ 75.73835, 74.86329, 71.050194, 68.334561 ] }, { "date": "2025-01-03", "close": 76.295, "volume": 252907, "typical_volume": 168463.2, "trend": 65.890895, "fair_value": 48.851071, "relative_strength": 12.192409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.075882, "energy": 48.116398, "activity_lines": [ 75.725049, 75.447601, 71.843746, 69.044989 ] }, { "date": "2025-01-10", "close": 67.446456, "volume": 355508, "typical_volume": 178584.65, "trend": 66.118011, "fair_value": 48.961795, "relative_strength": 1.19998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.11052, "energy": 20.809493, "activity_lines": [ 72.752257, 74.226561, 71.729262, 69.145348 ] }, { "date": "2025-01-17", "close": 70.598812, "volume": 375513, "typical_volume": 190337.7, "trend": 66.452866, "fair_value": 49.127658, "relative_strength": 2.743911, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.346897, "energy": 21.181347, "activity_lines": [ 71.685511, 73.520818, 71.900228, 69.434432 ] }, { "date": "2025-01-24", "close": 73.322209, "volume": 228140, "typical_volume": 195240.2, "trend": 66.837267, "fair_value": 49.316686, "relative_strength": 4.83323, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.101936, "energy": 19.370832, "activity_lines": [ 71.881037, 73.375897, 72.291185, 69.877615 ] }, { "date": "2025-01-31", "close": 72.095184, "volume": 223534, "typical_volume": 202113.85, "trend": 67.113597, "fair_value": 49.483536, "relative_strength": 4.263871, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.244051, "energy": 19.409748, "activity_lines": [ 71.783274, 72.938412, 72.482863, 70.216835 ] }, { "date": "2025-02-07", "close": 73.960661, "volume": 347135, "typical_volume": 214789.55, "trend": 67.440138, "fair_value": 49.665752, "relative_strength": 6.607073, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.468094, "energy": 17.575092, "activity_lines": [ 72.452983, 72.90522, 72.800189, 70.658582 ] }, { "date": "2025-02-14", "close": 72.993007, "volume": 203349, "typical_volume": 220823.8, "trend": 67.876746, "fair_value": 49.844299, "relative_strength": 2.096142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.293855, "energy": 19.106582, "activity_lines": [ 72.955764, 72.735812, 72.968923, 71.016831 ] }, { "date": "2025-02-21", "close": 68.214594, "volume": 164919, "typical_volume": 224400.15, "trend": 68.180343, "fair_value": 49.985698, "relative_strength": -2.498863, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.407134, "energy": 5.469364, "activity_lines": [ 71.495971, 71.830009, 72.636942, 71.038628 ] }, { "date": "2025-02-28", "close": 65.58098, "volume": 317439, "typical_volume": 235216.7, "trend": 68.563082, "fair_value": 50.130578, "relative_strength": -2.97299, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.433653, "energy": 13.150733, "activity_lines": [ 69.317254, 70.585391, 72.034142, 70.870927 ] }, { "date": "2025-03-07", "close": 61.261454, "volume": 515428, "typical_volume": 255601.3, "trend": 68.700748, "fair_value": 50.258141, "relative_strength": -6.271422, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.776507, "energy": 48.341213, "activity_lines": [ 66.214776, 68.727713, 71.024708, 70.399854 ] }, { "date": "2025-03-14", "close": 61.840051, "volume": 692047, "typical_volume": 286423.55, "trend": 68.676141, "fair_value": 50.359167, "relative_strength": -3.002223, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.945569, "energy": 56.588617, "activity_lines": [ 64.027414, 67.211934, 70.092421, 69.957228 ] }, { "date": "2025-03-21", "close": 62.019615, "volume": 253715, "typical_volume": 292506.0, "trend": 68.598662, "fair_value": 50.458704, "relative_strength": -2.959917, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.191407, "energy": 62.959, "activity_lines": [ 62.707946, 65.99162, 69.194598, 69.527775 ] }, { "date": "2025-03-28", "close": 59.563558, "volume": 213541, "typical_volume": 286172.2, "trend": 68.506486, "fair_value": 50.552911, "relative_strength": -4.539988, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.238092, "energy": 65.61031, "activity_lines": [ 61.301353, 64.423421, 68.073554, 68.944865 ] }, { "date": "2025-04-04", "close": 52.504322, "volume": 393301, "typical_volume": 294330.1, "trend": 68.38949, "fair_value": 50.619557, "relative_strength": -6.56031, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.109622, "energy": 82.351564, "activity_lines": [ 58.118416, 61.772364, 66.349946, 67.912468 ] }, { "date": "2025-04-11", "close": 55.354014, "volume": 2433574, "typical_volume": 405565.3, "trend": 68.195568, "fair_value": 50.708457, "relative_strength": -8.295568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.659764, "energy": 79.75354, "activity_lines": [ 56.757154, 60.017941, 64.978676, 67.071469 ] }, { "date": "2025-04-18", "close": 54.954057, "volume": 93994, "typical_volume": 403099.05, "trend": 67.957057, "fair_value": 50.804385, "relative_strength": -6.84676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.691863, "energy": 81.213396, "activity_lines": [ 55.656403, 58.495183, 63.666089, 66.217178 ] }, { "date": "2025-04-25", "close": 57.863742, "volume": 178811, "typical_volume": 396894.35, "trend": 67.77214, "fair_value": 50.923757, "relative_strength": -7.745639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.465184, "energy": 72.90795, "activity_lines": [ 55.984612, 57.847033, 62.731526, 65.565996 ] }, { "date": "2025-05-02", "close": 60.333475, "volume": 352128, "typical_volume": 403320.35, "trend": 67.64943, "fair_value": 51.058215, "relative_strength": -6.951672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.869562, "energy": 48.658108, "activity_lines": [ 57.413124, 57.923004, 62.138897, 65.086082 ] }, { "date": "2025-05-09", "close": 61.633334, "volume": 821114, "typical_volume": 427416.9, "trend": 67.484589, "fair_value": 51.205692, "relative_strength": -4.729038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.799089, "energy": 34.219995, "activity_lines": [ 59.223595, 58.378605, 61.744267, 64.697947 ] }, { "date": "2025-05-16", "close": 65.122957, "volume": 296820, "typical_volume": 435645.85, "trend": 67.459014, "fair_value": 51.380202, "relative_strength": -5.714738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.277254, "energy": 24.795248, "activity_lines": [ 61.588672, 59.540459, 61.745908, 64.545584 ] }, { "date": "2025-05-23", "close": 63.163169, "volume": 331909, "typical_volume": 439595.95, "trend": 67.381579, "fair_value": 51.52183, "relative_strength": -6.240566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.504569, "energy": 26.723224, "activity_lines": [ 62.649224, 60.275778, 61.604508, 64.268433 ] }, { "date": "2025-05-30", "close": 63.933086, "volume": 183795, "typical_volume": 431010.3, "trend": 67.370543, "fair_value": 51.668564, "relative_strength": -6.833573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.200034, "energy": 25.21219, "activity_lines": [ 63.419141, 61.127026, 61.598965, 64.045949 ] }, { "date": "2025-06-06", "close": 66.802775, "volume": 97805, "typical_volume": 417124.9, "trend": 67.123633, "fair_value": 51.848858, "relative_strength": -4.635749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.570707, "energy": 22.212203, "activity_lines": [ 64.740998, 62.465244, 61.883457, 64.009319 ] }, { "date": "2025-06-13", "close": 65.032967, "volume": 295961, "typical_volume": 420515.95, "trend": 66.974683, "fair_value": 52.036658, "relative_strength": -6.587899, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.076884, "energy": 20.305896, "activity_lines": [ 65.041633, 63.350058, 62.017471, 63.874437 ] }, { "date": "2025-06-20", "close": 65.112958, "volume": 51438, "typical_volume": 411911.15, "trend": 66.622565, "fair_value": 52.210787, "relative_strength": -6.40527, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.931657, "energy": 19.248544, "activity_lines": [ 65.142288, 64.021622, 62.198577, 63.754326 ] }, { "date": "2025-06-27", "close": 67.732675, "volume": 131836, "typical_volume": 401146.2, "trend": 66.342142, "fair_value": 52.417405, "relative_strength": -6.436961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.015092, "energy": 37.421806, "activity_lines": [ 66.11685, 64.992062, 62.662428, 63.825946 ] }, { "date": "2025-07-04", "close": 68.272616, "volume": 138109, "typical_volume": 397884.2, "trend": 65.942051, "fair_value": 52.612723, "relative_strength": -6.980572, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.350237, "energy": 50.475699, "activity_lines": [ 66.966758, 65.828335, 63.207359, 63.950493 ] }, { "date": "2025-07-11", "close": 65.682897, "volume": 103606, "typical_volume": 394818.55, "trend": 65.60095, "fair_value": 52.794742, "relative_strength": -10.027062, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.94427, "energy": 42.146602, "activity_lines": [ 66.664124, 66.004498, 63.528128, 63.933773 ] }, { "date": "2025-07-18", "close": 70.127716, "volume": 109408, "typical_volume": 384417.0, "trend": 65.436608, "fair_value": 52.993517, "relative_strength": -5.122107, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.878381, "energy": 59.142045, "activity_lines": [ 67.917755, 66.891548, 64.284269, 64.225822 ] }, { "date": "2025-07-25", "close": 69.62807, "volume": 89743, "typical_volume": 363132.75, "trend": 65.281547, "fair_value": 53.165341, "relative_strength": -6.573754, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.988007, "energy": 60.1993, "activity_lines": [ 68.665187, 67.533309, 64.971174, 64.496239 ] }, { "date": "2025-08-01", "close": 68.24182, "volume": 80794, "typical_volume": 332570.1, "trend": 65.013108, "fair_value": 53.323123, "relative_strength": -6.396074, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.596435, "energy": 44.582891, "activity_lines": [ 68.649529, 67.841114, 65.486214, 64.687225 ] }, { "date": "2025-08-08", "close": 67.363315, "volume": 317470, "typical_volume": 335757.85, "trend": 65.010336, "fair_value": 53.467181, "relative_strength": -10.790898, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.446905, "energy": 37.780122, "activity_lines": [ 68.307093, 67.896852, 65.887102, 64.838851 ] }, { "date": "2025-08-15", "close": 68.039342, "volume": 100517, "typical_volume": 330106.65, "trend": 64.925021, "fair_value": 53.622451, "relative_strength": -10.138824, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 54.584701, "energy": 38.837074, "activity_lines": [ 68.250619, 68.013136, 66.326927, 65.034271 ] }, { "date": "2025-08-22", "close": 67.457105, "volume": 69787, "typical_volume": 313930.95, "trend": 64.729517, "fair_value": 53.785577, "relative_strength": -9.84847, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 41.653621, "energy": 27.634523, "activity_lines": [ 67.84297, 68.001075, 66.67094, 65.197631 ] }, { "date": "2025-08-29", "close": 67.856162, "volume": 92723, "typical_volume": 196888.4, "trend": 64.588216, "fair_value": 53.969578, "relative_strength": -8.896323, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.508897, "energy": 24.435948, "activity_lines": [ 67.74638, 68.017495, 66.981755, 65.39935 ] }, { "date": "2025-09-05", "close": 68.70497, "volume": 91255, "typical_volume": 196751.45, "trend": 64.413027, "fair_value": 54.149329, "relative_strength": -8.578633, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.508901, "energy": 27.652576, "activity_lines": [ 68.050854, 68.138368, 67.313875, 65.664947 ] }, { "date": "2025-09-12", "close": 72.128799, "volume": 109589, "typical_volume": 193290.35, "trend": 64.38422, "fair_value": 54.364424, "relative_strength": -5.667082, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.858704, "energy": 44.304249, "activity_lines": [ 69.465728, 68.864076, 67.906593, 66.162739 ] }, { "date": "2025-09-19", "close": 76.751699, "volume": 117559, "typical_volume": 181561.9, "trend": 64.66879, "fair_value": 54.627366, "relative_strength": -1.726082, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.134004, "energy": 77.052493, "activity_lines": [ 72.103869, 70.3602, 68.871659, 66.960641 ] }, { "date": "2025-09-26", "close": 74.3091, "volume": 133603, "typical_volume": 147186.35, "trend": 64.959727, "fair_value": 54.877312, "relative_strength": -4.335537, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.781675, "energy": 77.676327, "activity_lines": [ 73.346986, 71.210964, 69.525914, 67.582596 ] }, { "date": "2025-10-03", "close": 78.7336, "volume": 111879, "typical_volume": 137939.3, "trend": 65.542132, "fair_value": 55.150284, "relative_strength": 0.171522, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.827812, "energy": 88.017133, "activity_lines": [ 75.608138, 72.790157, 70.541189, 68.471233 ] }, { "date": "2025-10-10", "close": 76.2778, "volume": 114082, "typical_volume": 127047.95, "trend": 66.02339, "fair_value": 55.423116, "relative_strength": -0.608835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.09748, "energy": 79.783409, "activity_lines": [ 76.325526, 73.757285, 71.257766, 69.163857 ] }, { "date": "2025-10-17", "close": 77.76, "volume": 65633, "typical_volume": 121139.85, "trend": 66.54807, "fair_value": 55.68875, "relative_strength": -1.022313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.56237, "energy": 70.428707, "activity_lines": [ 77.032127, 74.847796, 72.053054, 69.921057 ] }, { "date": "2025-10-24", "close": 80.5042, "volume": 95064, "typical_volume": 121002.8, "trend": 67.246091, "fair_value": 55.958046, "relative_strength": 0.320234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.543076, "energy": 63.645784, "activity_lines": [ 78.278047, 76.248222, 73.043853, 70.821453 ] }, { "date": "2025-10-31", "close": 82.2657, "volume": 89843, "typical_volume": 110696.9, "trend": 68.238137, "fair_value": 56.251266, "relative_strength": 0.591016, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.904861, "energy": 63.561925, "activity_lines": [ 79.860967, 77.742287, 74.137168, 71.79046 ] }, { "date": "2025-11-07", "close": 78.81, "volume": 118430, "typical_volume": 114046.5, "trend": 69.020004, "fair_value": 56.501264, "relative_strength": -0.345753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.675384, "energy": 53.609269, "activity_lines": [ 79.761547, 78.338796, 74.819308, 72.472516 ] }, { "date": "2025-11-14", "close": 73.9447, "volume": 140582, "typical_volume": 114483.8, "trend": 69.653025, "fair_value": 56.718373, "relative_strength": -6.094539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.295885, "energy": 40.421113, "activity_lines": [ 78.035267, 77.851544, 74.972862, 72.790238 ] }, { "date": "2025-11-21", "close": 68.71, "volume": 235662, "typical_volume": 119361.45, "trend": 70.014567, "fair_value": 56.896325, "relative_strength": -9.506544, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.010482, "energy": 12.405179, "activity_lines": [ 74.719627, 76.31726, 74.598293, 72.729398 ] }, { "date": "2025-11-28", "close": 78.8019, "volume": 91146, "typical_volume": 118738.45, "trend": 70.630181, "fair_value": 57.138158, "relative_strength": -0.765695, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.527057, "energy": 22.262399, "activity_lines": [ 75.371287, 76.680027, 75.182774, 73.296322 ] }, { "date": "2025-12-05", "close": 80.4827, "volume": 116424, "typical_volume": 119089.25, "trend": 71.258493, "fair_value": 57.400138, "relative_strength": 0.713192, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.185109, "energy": 22.069384, "activity_lines": [ 76.6967, 77.311118, 75.864859, 73.931969 ] }, { "date": "2025-12-12", "close": 77.846, "volume": 134176, "typical_volume": 121310.9, "trend": 71.682595, "fair_value": 57.651457, "relative_strength": -0.448837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.347511, "energy": 18.685706, "activity_lines": [ 77.26208, 77.350562, 76.246521, 74.356969 ] }, { "date": "2025-12-19", "close": 78.1575, "volume": 155232, "typical_volume": 125032.8, "trend": 72.182406, "fair_value": 57.909756, "relative_strength": -0.322935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.963452, "energy": 30.551846, "activity_lines": [ 77.99556, 77.46278, 76.618717, 74.774705 ] }, { "date": "2025-12-26", "close": 78.0978, "volume": 101914, "typical_volume": 114255.0, "trend": 72.654563, "fair_value": 58.168846, "relative_strength": -1.353607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.873312, "energy": 29.531251, "activity_lines": [ 78.428287, 77.529967, 76.93801, 75.156343 ] }, { "date": "2026-01-02", "close": 79.0138, "volume": 151641, "typical_volume": 116811.2, "trend": 73.061597, "fair_value": 58.43142, "relative_strength": 1.849636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.015219, "energy": 28.398934, "activity_lines": [ 78.540493, 77.757558, 77.293423, 75.566617 ] }, { "date": "2026-01-09", "close": 81.4352, "volume": 141145, "typical_volume": 120379.1, "trend": 73.608338, "fair_value": 58.697144, "relative_strength": 2.762119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.238198, "energy": 36.914317, "activity_lines": [ 79.445707, 78.452502, 77.827188, 76.106849 ] }, { "date": "2026-01-16", "close": 83.5102, "volume": 198604, "typical_volume": 125673.15, "trend": 74.22158, "fair_value": 58.979596, "relative_strength": 6.320226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.223873, "energy": 47.52876, "activity_lines": [ 80.979087, 79.539818, 78.492008, 76.745679 ] }, { "date": "2026-01-23", "close": 82.9084, "volume": 82290, "typical_volume": 125224.9, "trend": 74.727437, "fair_value": 59.250416, "relative_strength": 5.402696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.879175, "energy": 52.423199, "activity_lines": [ 81.934253, 80.432258, 79.024972, 77.306119 ] }, { "date": "2026-01-30", "close": 84.7413, "volume": 171349, "typical_volume": 128312.9, "trend": 75.276393, "fair_value": 59.52585, "relative_strength": 7.920568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.628257, "energy": 58.625529, "activity_lines": [ 83.18366, 81.494976, 79.664862, 77.952175 ] }, { "date": "2026-02-06", "close": 88.6912, "volume": 292168, "typical_volume": 137043.35, "trend": 76.043337, "fair_value": 59.828456, "relative_strength": 15.156468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.965054, "energy": 68.70417, "activity_lines": [ 85.3068, 82.98438, 80.620873, 78.817646 ] }, { "date": "2026-02-13", "close": 89.0055, "volume": 235739, "typical_volume": 142150.15, "trend": 76.672596, "fair_value": 60.129095, "relative_strength": 16.843189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.946102, "energy": 72.057399, "activity_lines": [ 86.889547, 84.351124, 81.549963, 79.653915 ] }, { "date": "2026-02-20", "close": 92.1295, "volume": 79259, "typical_volume": 140519.15, "trend": 77.422644, "fair_value": 60.45764, "relative_strength": 19.194952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.119045, "energy": 79.908757, "activity_lines": [ 89.00894, 86.130907, 82.706594, 80.651134 ] }, { "date": "2026-02-27", "close": 92.04, "volume": 140804, "typical_volume": 141855.25, "trend": 78.215916, "fair_value": 60.778823, "relative_strength": 18.983259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.321748, "energy": 82.074747, "activity_lines": [ 90.52388, 87.634718, 83.790911, 81.594189 ] }, { "date": "2026-03-06", "close": 84.21, "volume": 225485, "typical_volume": 149847.85, "trend": 78.777473, "fair_value": 61.060691, "relative_strength": 9.977108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.375361, "energy": 56.69096, "activity_lines": [ 88.820047, 87.462484, 84.054456, 81.980905 ] }, { "date": "2026-03-13", "close": 86.99, "volume": 92935, "typical_volume": 149741.4, "trend": 79.409161, "fair_value": 61.35704, "relative_strength": 14.469404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.927582, "energy": 41.412046, "activity_lines": [ 88.0783, 87.684573, 84.552049, 82.510745 ] }, { "date": "2026-03-20", "close": 88.4451, "volume": 148128, "typical_volume": 152655.65, "trend": 80.108761, "fair_value": 61.657196, "relative_strength": 18.318765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.463895, "energy": 31.562664, "activity_lines": [ 87.935, 88.026204, 85.157337, 83.093709 ] }, { "date": "2026-03-27", "close": 85.8961, "volume": 280315, "typical_volume": 160749.9, "trend": 80.710092, "fair_value": 61.929319, "relative_strength": 18.296398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.631306, "energy": 19.822303, "activity_lines": [ 86.979393, 87.776927, 85.490438, 83.467086 ] }, { "date": "2026-04-03", "close": 91.76, "volume": 360518, "typical_volume": 171746.7, "trend": 81.478593, "fair_value": 62.252113, "relative_strength": 20.955666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.025349, "energy": 29.387507, "activity_lines": [ 88.39398, 88.550435, 86.348262, 84.179983 ] }, { "date": "2026-04-10", "close": 98.98, "volume": 738563, "typical_volume": 196891.75, "trend": 82.373633, "fair_value": 62.609248, "relative_strength": 24.173538, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 74.358534, "energy": 46.539765, "activity_lines": [ 92.2339, 90.475731, 87.808871, 85.309106 ] }, { "date": "2026-04-17", "close": 106.3834, "volume": 753013, "typical_volume": 229985.1, "trend": 83.361357, "fair_value": 63.022406, "relative_strength": 24.960514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.72716, "energy": 76.195009, "activity_lines": [ 97.556953, 93.488215, 89.830422, 86.858123 ] }, { "date": "2026-04-24", "close": 111.4647, "volume": 497296, "typical_volume": 249028.7, "trend": 84.599877, "fair_value": 63.480213, "relative_strength": 27.265711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.879352, "energy": 88.86472, "activity_lines": [ 103.28088, 97.102895, 92.204567, 88.671242 ] }, { "date": "2026-05-01", "close": 113.92, "volume": 397750, "typical_volume": 262207.4, "trend": 85.772757, "fair_value": 63.951891, "relative_strength": 27.250983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.712821, "energy": 91.844751, "activity_lines": [ 108.2886, 100.755644, 94.665016, 90.562863 ] }, { "date": "2026-05-08", "close": 120.79, "volume": 723840, "typical_volume": 290637.8, "trend": 87.256497, "fair_value": 64.466343, "relative_strength": 27.098043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.650791, "energy": 94.783772, "activity_lines": [ 113.71806, 105.261293, 97.60797, 92.82204 ] }, { "date": "2026-05-15", "close": 119.58, "volume": 424575, "typical_volume": 306770.85, "trend": 88.650497, "fair_value": 64.958116, "relative_strength": 25.450558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.110467, "energy": 90.752427, "activity_lines": [ 116.808853, 109.024215, 100.232673, 94.907427 ] }, { "date": "2026-05-22", "close": 123.39, "volume": 445271, "typical_volume": 321452.35, "trend": 90.080023, "fair_value": 65.458059, "relative_strength": 27.031844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.422734, "energy": 88.863274, "activity_lines": [ 119.796313, 112.836773, 103.0227, 97.148685 ] }, { "date": "2026-05-29", "close": 129.06, "volume": 361586, "typical_volume": 332474.4, "trend": 91.639833, "fair_value": 65.989307, "relative_strength": 28.199055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.563314, "energy": 86.290512, "activity_lines": [ 123.54, 117.018422, 106.141411, 99.663523 ] }, { "date": "2026-06-05", "close": 121.78, "volume": 505919, "typical_volume": 347840.15, "trend": 93.072167, "fair_value": 66.470921, "relative_strength": 25.852397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.886821, "energy": 65.385203, "activity_lines": [ 123.684, 119.137982, 108.340005, 101.608049 ] }, { "date": "2026-06-12", "close": 129.75, "volume": 350504, "typical_volume": 361250.85, "trend": 94.932343, "fair_value": 67.000665, "relative_strength": 30.042119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.219239, "energy": 66.63971, "activity_lines": [ 125.960667, 122.054198, 111.115409, 103.974361 ] }, { "date": "2026-06-19", "close": 137.1715, "volume": 892651, "typical_volume": 397315.95, "trend": 97.214393, "fair_value": 67.584635, "relative_strength": 32.772399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.752858, "energy": 70.132178, "activity_lines": [ 130.113833, 125.629051, 114.374567, 106.699468 ] }, { "date": "2026-06-26", "close": 126.04, "volume": 542924, "typical_volume": 409853.75, "trend": 98.788997, "fair_value": 68.07886, "relative_strength": 26.796084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.656564, "energy": 58.068088, "activity_lines": [ 129.383733, 126.485604, 116.323914, 108.559185 ] }, { "date": "2026-07-03", "close": 113.4112, "volume": 608230, "typical_volume": 428478.3, "trend": 99.886613, "fair_value": 68.497074, "relative_strength": 12.564884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.066641, "energy": 41.52914, "activity_lines": [ 124.267367, 124.688618, 116.892668, 109.502553 ] }, { "date": "2026-07-10", "close": 115.74, "volume": 524534, "typical_volume": 450742.05, "trend": 101.149747, "fair_value": 68.916984, "relative_strength": 12.212884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.99615, "energy": 29.392464, "activity_lines": [ 120.97052, 123.27966, 117.566994, 110.525352 ] }, { "date": "2026-07-17", "close": 100.25, "volume": 1004259, "typical_volume": 493914.8, "trend": 101.886163, "fair_value": 69.242351, "relative_strength": 1.156748, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.35938, "energy": 18.928266, "activity_lines": [ 112.913007, 119.021247, 116.653651, 110.467304 ] }, { "date": "2026-07-24", "close": 102.3364, "volume": 934587, "typical_volume": 529369.9, "trend": 102.694117, "fair_value": 69.572974, "relative_strength": 4.567913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.714427, "energy": 21.079287, "activity_lines": [ 107.517627, 115.515635, 115.899918, 110.496351 ] }, { "date": "2026-07-31", "close": 98.14, "volume": 1586831, "typical_volume": 604064.7, "trend": 103.331657, "fair_value": 69.891464, "relative_strength": -0.521986, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.676081, "energy": 31.986473, "activity_lines": [ 103.045787, 111.56056, 114.660211, 110.202537 ] }, { "date": "2026-08-07", "close": 108.1659, "volume": 773096, "typical_volume": 635313.1, "trend": 104.22268, "fair_value": 70.287966, "relative_strength": 3.882378, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.333238, "energy": 27.018285, "activity_lines": [ 103.775913, 109.887467, 114.322257, 110.514424 ] } ], "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." } } }