{ "ticker": { "uuid": "3c40aafe-1b8d-473c-bed4-1cf9b9023b87", "symbol": "AC", "name": "Arca Continental, S.A.B. de C.V.", "exchange": "MEX", "country": "MX", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^MXX", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 66.964, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -34.877, "architecture_energy": 52.776, "architecture_maturity": 8.742, "architecture_confidence": 59.841, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 25.41, "rotation_up": 17.7, "upward_expansion": 19.1, "deceleration": 44.84, "rotation_down": 66.99, "downward_expansion": 60.77 }, "activity_lines": [ 196.852264, 199.96782, 206.052718, 206.059285 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 197.940002, "trend_reference": 204.964167, "distance_from_trend": -0.03427, "trend_direction": "Improving", "fair_value": 179.509199, "distance_from_fair_value": 0.102673, "fair_value_direction": "Weakening", "relative_strength": -1.149098, "relative_strength_direction": "Weakening", "price_momentum": -0.021193, "excess_performance": 0.033474, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.03427, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.028495, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.102673, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.164539, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.011491, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.046808, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.021193, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.855611, "read": "Supply-led" } ], "volume": { "latest": 10138598, "relative_activity": 1.396496, "balance": 0.855611, "dry_up": 1.612961, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.045069, "annualized_volatility": 0.240559, "from_high_reference": -0.143117, "from_low_reference": 0.157595 }, "levels": { "trend_reference": 204.964167, "fair_value_reference": 179.509199, "structural_low": 185.653586, "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": 6, "median_return": -0.024533, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": 0.005929, "regime_survival": 0.333333, "best_return": 0.109329, "worst_return": -0.055472, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.099789, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.125765, "regime_survival": 0.0, "best_return": 0.196921, "worst_return": -0.08425, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.113695, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.085252, "regime_survival": 0.0, "best_return": 0.221165, "worst_return": 0.008322, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.132176, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.01032, "regime_survival": 0.0, "best_return": 0.191387, "worst_return": 0.072966, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.033902, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.017291, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-06-27", "tenure": "Developing", "return": -0.041704, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": -0.010205, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.004686, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-09-12", "tenure": "Developing", "return": -0.059321, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-19", "end": "2025-12-05", "tenure": "Developing", "return": -0.010247, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2025-12-19", "tenure": "New", "return": 0.003138, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": -0.005557, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-20", "tenure": "Developing", "return": -0.072795, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.090268, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-06-19", "tenure": "Developing", "return": 0.020176, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": -0.065485, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.00951, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 145.393311, "volume": 8401827, "typical_volume": 8350989.3, "trend": 149.028495, "fair_value": 111.897225, "relative_strength": -0.530258, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.064759, "energy": 48.609737, "activity_lines": [ 146.121572, 150.611204, 153.608153, 152.074067 ] }, { "date": "2023-08-25", "close": 147.871536, "volume": 12860198, "typical_volume": 8821883.75, "trend": 149.223564, "fair_value": 112.322435, "relative_strength": 0.992087, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.829094, "energy": 52.389537, "activity_lines": [ 145.789344, 149.563783, 153.03697, 151.999425 ] }, { "date": "2023-09-01", "close": 147.236343, "volume": 11450241, "typical_volume": 9037449.5, "trend": 149.313306, "fair_value": 112.787552, "relative_strength": 0.515927, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.690142, "energy": 53.192637, "activity_lines": [ 145.944424, 148.623891, 152.389781, 151.871217 ] }, { "date": "2023-09-08", "close": 143.577118, "volume": 4219265, "typical_volume": 9035362.4, "trend": 149.654509, "fair_value": 113.223465, "relative_strength": -0.899278, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.355905, "energy": 37.84263, "activity_lines": [ 145.368851, 147.237147, 151.394776, 151.50114 ] }, { "date": "2023-09-15", "close": 142.414063, "volume": 7756237, "typical_volume": 9127291.5, "trend": 149.8836, "fair_value": 113.664866, "relative_strength": 0.367761, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.538987, "energy": 36.023934, "activity_lines": [ 144.614947, 145.886193, 150.299228, 151.034015 ] }, { "date": "2023-09-22", "close": 144.444962, "volume": 5462068, "typical_volume": 9080830.15, "trend": 150.154674, "fair_value": 114.124783, "relative_strength": 1.048396, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.381781, "energy": 32.370919, "activity_lines": [ 144.330443, 145.172733, 149.450653, 150.683135 ] }, { "date": "2023-09-29", "close": 142.047226, "volume": 7219502, "typical_volume": 9037093.55, "trend": 150.294104, "fair_value": 114.559831, "relative_strength": 0.941778, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.235076, "energy": 48.70045, "activity_lines": [ 143.309916, 144.274318, 148.44619, 150.160074 ] }, { "date": "2023-10-06", "close": 141.116776, "volume": 5492589, "typical_volume": 8960708.0, "trend": 150.399889, "fair_value": 114.989576, "relative_strength": 2.630789, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.346711, "energy": 51.975154, "activity_lines": [ 142.367528, 143.503273, 147.43031, 149.567988 ] }, { "date": "2023-10-13", "close": 134.514084, "volume": 7599335, "typical_volume": 8827831.95, "trend": 150.179807, "fair_value": 115.372322, "relative_strength": -1.595196, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.083426, "energy": 69.517032, "activity_lines": [ 139.632213, 141.776391, 145.866762, 148.543098 ] }, { "date": "2023-10-20", "close": 137.037064, "volume": 8904799, "typical_volume": 7942663.85, "trend": 150.028628, "fair_value": 115.782365, "relative_strength": 2.40539, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.812529, "energy": 66.74095, "activity_lines": [ 138.342093, 140.730112, 144.65448, 147.695179 ] }, { "date": "2023-10-27", "close": 149.678802, "volume": 6043946, "typical_volume": 7694843.8, "trend": 150.243907, "fair_value": 116.272784, "relative_strength": 10.034721, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.244614, "energy": 33.494142, "activity_lines": [ 141.624353, 142.023485, 144.734703, 147.672609 ] }, { "date": "2023-11-03", "close": 150.79715, "volume": 7764228, "typical_volume": 7532720.65, "trend": 150.450004, "fair_value": 116.774284, "relative_strength": 5.785572, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.906859, "energy": 15.872576, "activity_lines": [ 144.930473, 143.442277, 144.971282, 147.708302 ] }, { "date": "2023-11-10", "close": 157.802444, "volume": 6261260, "typical_volume": 7558750.6, "trend": 150.797437, "fair_value": 117.296156, "relative_strength": 10.511069, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 10.538148, "energy": 21.029888, "activity_lines": [ 149.988363, 146.081565, 145.919509, 148.182653 ] }, { "date": "2023-11-17", "close": 161.480316, "volume": 7865226, "typical_volume": 7523301.6, "trend": 151.322635, "fair_value": 117.823168, "relative_strength": 9.799178, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 39.59157, "energy": 44.352409, "activity_lines": [ 155.159832, 149.197446, 147.224912, 148.871871 ] }, { "date": "2023-11-24", "close": 157.557907, "volume": 4856244, "typical_volume": 7519695.1, "trend": 151.452563, "fair_value": 118.328947, "relative_strength": 6.452442, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.436363, "energy": 53.105267, "activity_lines": [ 157.226082, 151.27465, 148.136256, 149.274147 ] }, { "date": "2023-12-01", "close": 157.983658, "volume": 10017862, "typical_volume": 7804793.3, "trend": 151.396573, "fair_value": 118.818966, "relative_strength": 4.726287, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.112926, "energy": 56.569511, "activity_lines": [ 158.066194, 153.15392, 149.086287, 149.695508 ] }, { "date": "2023-12-08", "close": 164.197922, "volume": 4527535, "typical_volume": 7761516.0, "trend": 151.594547, "fair_value": 119.349634, "relative_strength": 7.716595, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.582501, "energy": 65.052213, "activity_lines": [ 160.424069, 155.916898, 150.629419, 150.521401 ] }, { "date": "2023-12-15", "close": 168.82692, "volume": 10616968, "typical_volume": 7822805.9, "trend": 151.9501, "fair_value": 119.932441, "relative_strength": 5.376827, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.592145, "energy": 61.673448, "activity_lines": [ 163.431559, 159.118772, 152.585596, 151.633167 ] }, { "date": "2023-12-22", "close": 167.169159, "volume": 6296663, "typical_volume": 7611509.0, "trend": 152.261727, "fair_value": 120.511908, "relative_strength": 3.945975, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.159637, "energy": 68.214386, "activity_lines": [ 165.151498, 161.515414, 154.316013, 152.615042 ] }, { "date": "2023-12-29", "close": 167.558716, "volume": 1795795, "typical_volume": 7270589.4, "trend": 152.659406, "fair_value": 121.095002, "relative_strength": 4.012417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.304241, "energy": 69.173736, "activity_lines": [ 166.622032, 163.389156, 155.986141, 153.601945 ] }, { "date": "2024-01-05", "close": 163.917099, "volume": 3267237, "typical_volume": 7013859.9, "trend": 152.785093, "fair_value": 121.633404, "relative_strength": 3.817263, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.881547, "energy": 55.800735, "activity_lines": [ 166.211973, 164.045847, 157.174887, 154.328247 ] }, { "date": "2024-01-12", "close": 164.297577, "volume": 3716522, "typical_volume": 6556676.1, "trend": 152.923761, "fair_value": 122.16357, "relative_strength": 4.912498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.440053, "energy": 44.483368, "activity_lines": [ 165.533178, 164.512837, 158.311659, 155.070988 ] }, { "date": "2024-01-19", "close": 166.589417, "volume": 4772669, "typical_volume": 6222797.5, "trend": 153.168349, "fair_value": 122.746352, "relative_strength": 6.406991, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.574695, "energy": 41.650205, "activity_lines": [ 165.611685, 165.151064, 159.588483, 155.952644 ] }, { "date": "2024-01-26", "close": 169.307022, "volume": 4122396, "typical_volume": 6217954.05, "trend": 153.572712, "fair_value": 123.354046, "relative_strength": 5.196871, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.588062, "energy": 43.966126, "activity_lines": [ 166.745228, 166.123637, 161.031969, 156.993848 ] }, { "date": "2024-02-02", "close": 177.659149, "volume": 8504931, "typical_volume": 6255388.75, "trend": 154.255777, "fair_value": 124.006761, "relative_strength": 7.512182, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.292967, "energy": 61.094242, "activity_lines": [ 170.520289, 168.472475, 163.148373, 158.547812 ] }, { "date": "2024-02-09", "close": 176.119186, "volume": 4983640, "typical_volume": 6231467.35, "trend": 154.851424, "fair_value": 124.657969, "relative_strength": 7.863683, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.94458, "energy": 73.843173, "activity_lines": [ 173.108667, 170.175843, 164.950279, 159.958355 ] }, { "date": "2024-02-16", "close": 171.798187, "volume": 2202052, "typical_volume": 5980594.85, "trend": 155.299459, "fair_value": 125.254794, "relative_strength": 5.230984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.487307, "energy": 68.238484, "activity_lines": [ 173.443239, 170.763837, 166.189832, 161.051694 ] }, { "date": "2024-02-23", "close": 173.945099, "volume": 4461572, "typical_volume": 5929044.0, "trend": 155.945207, "fair_value": 125.883496, "relative_strength": 7.086286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.305507, "energy": 64.07974, "activity_lines": [ 173.993408, 171.603993, 167.492182, 162.254639 ] }, { "date": "2024-03-01", "close": 168.473633, "volume": 7104148, "typical_volume": 5904284.65, "trend": 156.670414, "fair_value": 126.45439, "relative_strength": 5.469999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.437189, "energy": 41.873718, "activity_lines": [ 172.229376, 171.356279, 168.117114, 163.062924 ] }, { "date": "2024-03-08", "close": 164.188873, "volume": 5270084, "typical_volume": 5722548.9, "trend": 157.500024, "fair_value": 126.992328, "relative_strength": 3.650344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.508735, "energy": 23.40557, "activity_lines": [ 169.09265, 170.3058, 168.172262, 163.547986 ] }, { "date": "2024-03-15", "close": 170.240082, "volume": 9435187, "typical_volume": 5892110.95, "trend": 158.32825, "fair_value": 127.557201, "relative_strength": 4.783559, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.861944, "energy": 19.212497, "activity_lines": [ 168.871012, 170.41681, 168.674421, 164.369925 ] }, { "date": "2024-03-22", "close": 166.3992, "volume": 4240432, "typical_volume": 5715921.15, "trend": 158.945838, "fair_value": 128.102328, "relative_strength": 1.554672, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.171602, "energy": 18.875438, "activity_lines": [ 167.761021, 169.714515, 168.712871, 164.890632 ] }, { "date": "2024-03-29", "close": 164.623688, "volume": 3664641, "typical_volume": 5586090.2, "trend": 159.525417, "fair_value": 128.640076, "relative_strength": -0.997109, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.716066, "energy": 16.775894, "activity_lines": [ 166.419124, 168.651188, 168.507929, 165.256945 ] }, { "date": "2024-04-05", "close": 159.641388, "volume": 6372075, "typical_volume": 5511432.65, "trend": 160.060892, "fair_value": 129.126745, "relative_strength": -5.217228, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.989446, "energy": 10.94775, "activity_lines": [ 164.037889, 166.71773, 167.796, 165.264427 ] }, { "date": "2024-04-12", "close": 156.623734, "volume": 6499668, "typical_volume": 5593603.85, "trend": 160.534548, "fair_value": 129.596123, "relative_strength": -4.539054, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.356047, "energy": 21.518295, "activity_lines": [ 161.239585, 164.411345, 166.805432, 165.042674 ] }, { "date": "2024-04-19", "close": 156.151428, "volume": 9942215, "typical_volume": 5589821.5, "trend": 160.924764, "fair_value": 130.009054, "relative_strength": -3.696401, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.812734, "energy": 40.646939, "activity_lines": [ 158.788188, 162.401549, 165.774332, 164.759893 ] }, { "date": "2024-04-26", "close": 156.308868, "volume": 9345905, "typical_volume": 5830740.0, "trend": 161.400152, "fair_value": 130.43959, "relative_strength": -6.832236, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.406361, "energy": 47.140094, "activity_lines": [ 157.328515, 160.783428, 164.76695, 164.462093 ] }, { "date": "2024-05-03", "close": 154.827087, "volume": 8854432, "typical_volume": 5742613.2, "trend": 161.857162, "fair_value": 130.858151, "relative_strength": -6.465285, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.097895, "energy": 55.200459, "activity_lines": [ 156.047603, 159.177517, 163.656014, 164.038024 ] }, { "date": "2024-05-10", "close": 159.189087, "volume": 7375178, "typical_volume": 5796538.95, "trend": 162.679662, "fair_value": 131.30499, "relative_strength": -4.72391, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.545616, "energy": 38.576038, "activity_lines": [ 156.873798, 158.712297, 163.027171, 163.86589 ] }, { "date": "2024-05-17", "close": 155.049362, "volume": 6093516, "typical_volume": 6011425.0, "trend": 163.280072, "fair_value": 131.724555, "relative_strength": -6.847743, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.38959, "energy": 32.023716, "activity_lines": [ 156.350239, 157.663209, 162.04207, 163.373613 ] }, { "date": "2024-05-24", "close": 150.69664, "volume": 7744640, "typical_volume": 6235295.15, "trend": 163.314, "fair_value": 132.105996, "relative_strength": -5.790992, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.816582, "energy": 51.158808, "activity_lines": [ 154.48073, 155.988891, 160.701992, 162.561779 ] }, { "date": "2024-05-31", "close": 161.078339, "volume": 16860978, "typical_volume": 6892517.95, "trend": 163.656706, "fair_value": 132.5513, "relative_strength": 1.12896, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.22782, "energy": 31.085829, "activity_lines": [ 156.43544, 156.557489, 160.413602, 162.417542 ] }, { "date": "2024-06-07", "close": 161.578445, "volume": 9550741, "typical_volume": 7131421.55, "trend": 163.782573, "fair_value": 132.992117, "relative_strength": 5.580375, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.96085, "energy": 21.919257, "activity_lines": [ 158.238887, 157.313759, 160.188171, 162.283461 ] }, { "date": "2024-06-14", "close": 164.856873, "volume": 8515355, "typical_volume": 7351069.5, "trend": 163.895125, "fair_value": 133.445573, "relative_strength": 9.106669, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.738946, "energy": 14.213034, "activity_lines": [ 160.685054, 158.721474, 160.298833, 162.352771 ] }, { "date": "2024-06-21", "close": 167.172134, "volume": 15071763, "typical_volume": 7679411.1, "trend": 164.215599, "fair_value": 133.91977, "relative_strength": 9.321856, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.97043, "energy": 18.054217, "activity_lines": [ 163.525121, 160.455319, 160.651186, 162.564191 ] }, { "date": "2024-06-28", "close": 166.607224, "volume": 13346194, "typical_volume": 8097538.8, "trend": 164.503051, "fair_value": 134.370695, "relative_strength": 9.501511, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.365046, "energy": 21.715645, "activity_lines": [ 165.3687, 161.894664, 160.999678, 162.718489 ] }, { "date": "2024-07-05", "close": 163.921509, "volume": 5954080, "typical_volume": 8285140.2, "trend": 164.493838, "fair_value": 134.80082, "relative_strength": 7.801568, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.479669, "energy": 20.02468, "activity_lines": [ 165.256336, 162.655592, 161.137682, 162.68097 ] }, { "date": "2024-07-12", "close": 166.153442, "volume": 9122575, "typical_volume": 8518190.35, "trend": 164.404722, "fair_value": 135.223388, "relative_strength": 4.004426, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.063441, "energy": 21.677796, "activity_lines": [ 165.698404, 163.683914, 161.525758, 162.788041 ] }, { "date": "2024-07-19", "close": 165.273636, "volume": 6136174, "typical_volume": 8469791.65, "trend": 164.341537, "fair_value": 135.645321, "relative_strength": 5.819099, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.550546, "energy": 17.746383, "activity_lines": [ 165.542204, 164.346338, 161.867147, 162.8441 ] }, { "date": "2024-07-26", "close": 170.209778, "volume": 6353345, "typical_volume": 8523954.7, "trend": 164.429906, "fair_value": 136.101741, "relative_strength": 10.452976, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.058342, "energy": 19.907243, "activity_lines": [ 167.0036, 165.795614, 162.693883, 163.222697 ] }, { "date": "2024-08-02", "close": 169.348511, "volume": 7087705, "typical_volume": 8406580.6, "trend": 164.610953, "fair_value": 136.546792, "relative_strength": 10.725678, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.457538, "energy": 22.209729, "activity_lines": [ 167.975398, 166.812652, 163.409923, 163.540026 ] }, { "date": "2024-08-09", "close": 174.108734, "volume": 6540579, "typical_volume": 8521587.95, "trend": 164.937992, "fair_value": 137.015034, "relative_strength": 11.613833, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.847321, "energy": 41.148122, "activity_lines": [ 170.351184, 168.35606, 164.583562, 164.152786 ] }, { "date": "2024-08-16", "close": 173.219635, "volume": 4465239, "typical_volume": 8561617.85, "trend": 165.158999, "fair_value": 137.465195, "relative_strength": 8.591004, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.120881, "energy": 48.179996, "activity_lines": [ 171.751456, 169.500898, 165.635814, 164.687085 ] }, { "date": "2024-08-23", "close": 161.21727, "volume": 9547261, "typical_volume": 8720377.15, "trend": 164.889341, "fair_value": 137.83357, "relative_strength": 2.031279, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.280823, "energy": 15.837593, "activity_lines": [ 168.679859, 168.251829, 165.50405, 164.43278 ] }, { "date": "2024-08-30", "close": 166.837204, "volume": 18445097, "typical_volume": 9317648.6, "trend": 164.528609, "fair_value": 138.250985, "relative_strength": 6.47507, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.463118, "energy": 21.264487, "activity_lines": [ 167.751999, 168.090741, 165.900013, 164.558449 ] }, { "date": "2024-09-06", "close": 168.283981, "volume": 5837648, "typical_volume": 9112420.25, "trend": 164.267436, "fair_value": 138.679287, "relative_strength": 10.843006, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.337659, "energy": 17.339761, "activity_lines": [ 167.531236, 168.198793, 166.385129, 164.800731 ] }, { "date": "2024-09-13", "close": 169.091919, "volume": 5493856, "typical_volume": 8919817.8, "trend": 164.177227, "fair_value": 139.103542, "relative_strength": 9.03978, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.32069, "energy": 20.308923, "activity_lines": [ 167.650754, 168.423257, 166.889418, 165.111988 ] }, { "date": "2024-09-20", "close": 177.556351, "volume": 13121403, "typical_volume": 9133166.35, "trend": 164.297602, "fair_value": 139.584935, "relative_strength": 13.672138, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.353325, "energy": 45.237484, "activity_lines": [ 170.926203, 170.0927, 168.138971, 165.975157 ] }, { "date": "2024-09-27", "close": 174.982269, "volume": 5877084, "typical_volume": 9058261.65, "trend": 164.514556, "fair_value": 140.045989, "relative_strength": 10.405534, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.916428, "energy": 56.066127, "activity_lines": [ 173.054511, 171.086803, 169.035139, 166.664491 ] }, { "date": "2024-10-04", "close": 173.995865, "volume": 5579390, "typical_volume": 9032555.35, "trend": 164.841456, "fair_value": 140.493573, "relative_strength": 9.806671, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.139719, "energy": 55.743234, "activity_lines": [ 173.936352, 171.72504, 169.762159, 167.276188 ] }, { "date": "2024-10-11", "close": 168.86644, "volume": 7455121, "typical_volume": 9018079.4, "trend": 164.795668, "fair_value": 140.900756, "relative_strength": 6.665521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.05266, "energy": 44.080381, "activity_lines": [ 172.631139, 171.361815, 169.91044, 167.535864 ] }, { "date": "2024-10-18", "close": 169.016754, "volume": 10466672, "typical_volume": 8698364.1, "trend": 164.88292, "fair_value": 141.318822, "relative_strength": 5.254925, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.670949, "energy": 25.787951, "activity_lines": [ 171.337201, 171.034686, 169.986514, 167.808193 ] }, { "date": "2024-10-25", "close": 163.464569, "volume": 8399162, "typical_volume": 8640785.15, "trend": 164.844283, "fair_value": 141.697191, "relative_strength": 4.174594, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.052352, "energy": 12.393487, "activity_lines": [ 168.197545, 169.790649, 169.496006, 167.716686 ] }, { "date": "2024-11-01", "close": 160.758972, "volume": 8188269, "typical_volume": 8624430.85, "trend": 164.881535, "fair_value": 142.058696, "relative_strength": 4.646328, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.134535, "energy": 16.688484, "activity_lines": [ 165.095476, 168.232051, 168.738841, 167.453118 ] }, { "date": "2024-11-08", "close": 162.215134, "volume": 5846166, "typical_volume": 8163151.0, "trend": 165.067915, "fair_value": 142.421749, "relative_strength": 3.070925, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.936752, "energy": 24.557106, "activity_lines": [ 163.427014, 166.946542, 168.139872, 167.281092 ] }, { "date": "2024-11-15", "close": 160.138931, "volume": 6992308, "typical_volume": 7845456.7, "trend": 165.200832, "fair_value": 142.759973, "relative_strength": 4.453965, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.413916, "energy": 37.80069, "activity_lines": [ 161.851867, 165.36758, 167.366774, 166.963093 ] }, { "date": "2024-11-22", "close": 166.592957, "volume": 6728307, "typical_volume": 7884168.05, "trend": 165.543635, "fair_value": 143.129223, "relative_strength": 8.523793, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.441945, "energy": 33.075506, "activity_lines": [ 163.009895, 165.110168, 167.239147, 167.052907 ] }, { "date": "2024-11-29", "close": 161.829941, "volume": 11708587, "typical_volume": 8013468.65, "trend": 165.777064, "fair_value": 143.470447, "relative_strength": 6.513756, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.228023, "energy": 24.981887, "activity_lines": [ 162.741838, 164.032189, 166.645177, 166.813314 ] }, { "date": "2024-12-06", "close": 170.839294, "volume": 9392533, "typical_volume": 8176286.6, "trend": 166.165404, "fair_value": 143.866651, "relative_strength": 8.868057, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.771255, "energy": 4.035442, "activity_lines": [ 165.585873, 164.87821, 166.92983, 167.13991 ] }, { "date": "2024-12-13", "close": 171.412338, "volume": 5287362, "typical_volume": 8122987.45, "trend": 166.710836, "fair_value": 144.253404, "relative_strength": 8.4105, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.974623, "energy": 11.560916, "activity_lines": [ 167.948902, 165.903746, 167.242555, 167.478421 ] }, { "date": "2024-12-20", "close": 164.78923, "volume": 13160083, "typical_volume": 8426606.35, "trend": 167.180589, "fair_value": 144.606092, "relative_strength": 8.21962, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.003026, "energy": 7.24116, "activity_lines": [ 167.491082, 165.772055, 166.918781, 167.354447 ] }, { "date": "2024-12-27", "close": 164.197372, "volume": 1596397, "typical_volume": 8179397.25, "trend": 167.284557, "fair_value": 144.956653, "relative_strength": 8.198947, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.651117, "energy": 17.657577, "activity_lines": [ 166.525955, 165.606884, 166.560351, 167.161981 ] }, { "date": "2025-01-03", "close": 161.313248, "volume": 3721183, "typical_volume": 8142194.45, "trend": 167.275717, "fair_value": 145.300075, "relative_strength": 6.770151, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.673134, "energy": 22.485237, "activity_lines": [ 164.759159, 165.004952, 165.974439, 166.776735 ] }, { "date": "2025-01-10", "close": 169.580399, "volume": 7201227, "typical_volume": 8024892.75, "trend": 167.433168, "fair_value": 145.704827, "relative_strength": 10.475036, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.451649, "energy": 15.700657, "activity_lines": [ 165.782527, 165.945253, 166.232572, 166.925425 ] }, { "date": "2025-01-17", "close": 167.400894, "volume": 8543621, "typical_volume": 7529818.95, "trend": 167.440793, "fair_value": 146.112066, "relative_strength": 8.070037, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.163637, "energy": 12.047822, "activity_lines": [ 166.163319, 166.328892, 166.243309, 166.923342 ] }, { "date": "2025-01-24", "close": 173.704605, "volume": 9471830, "typical_volume": 7711528.05, "trend": 167.677373, "fair_value": 146.57203, "relative_strength": 8.774025, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.856937, "energy": 15.66067, "activity_lines": [ 168.912778, 167.764372, 166.851715, 167.327459 ] }, { "date": "2025-01-31", "close": 177.349686, "volume": 9276051, "typical_volume": 7900637.8, "trend": 168.124979, "fair_value": 147.052402, "relative_strength": 11.093946, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.149886, "energy": 37.7235, "activity_lines": [ 172.282905, 169.615947, 167.781459, 167.95148 ] }, { "date": "2025-02-07", "close": 188.444595, "volume": 6971800, "typical_volume": 7593157.65, "trend": 168.868017, "fair_value": 147.612501, "relative_strength": 14.100785, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 82.294088, "energy": 75.445258, "activity_lines": [ 178.474515, 173.2892, 169.728538, 169.262423 ] }, { "date": "2025-02-14", "close": 195.434128, "volume": 12867808, "typical_volume": 7942693.85, "trend": 169.873367, "fair_value": 148.153294, "relative_strength": 15.145538, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.698104, "energy": 85.402616, "activity_lines": [ 185.187212, 177.749375, 172.289439, 170.976365 ] }, { "date": "2025-02-21", "close": 199.398605, "volume": 18312046, "typical_volume": 8579326.65, "trend": 170.846328, "fair_value": 148.703365, "relative_strength": 17.760678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.403906, "energy": 89.672903, "activity_lines": [ 191.49782, 182.483185, 175.130518, 172.881219 ] }, { "date": "2025-02-28", "close": 199.699249, "volume": 15958402, "typical_volume": 9004490.7, "trend": 171.858019, "fair_value": 149.281502, "relative_strength": 20.547076, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.169537, "energy": 89.826156, "activity_lines": [ 195.775462, 186.762816, 177.879265, 174.742698 ] }, { "date": "2025-03-07", "close": 194.955017, "volume": 10035560, "typical_volume": 8982935.1, "trend": 172.552895, "fair_value": 149.842512, "relative_strength": 16.044706, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.307551, "energy": 85.179483, "activity_lines": [ 196.738716, 189.545133, 180.029358, 176.232827 ] }, { "date": "2025-03-14", "close": 197.294235, "volume": 8082408, "typical_volume": 8967097.4, "trend": 173.355382, "fair_value": 150.399801, "relative_strength": 17.711432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.10985, "energy": 76.475076, "activity_lines": [ 197.308022, 192.193531, 182.278718, 177.829042 ] }, { "date": "2025-03-21", "close": 197.125153, "volume": 11071189, "typical_volume": 9111243.4, "trend": 174.552311, "fair_value": 150.974722, "relative_strength": 16.626432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.937618, "energy": 55.009349, "activity_lines": [ 197.230991, 194.156988, 184.350881, 179.362576 ] }, { "date": "2025-03-28", "close": 202.207581, "volume": 6482268, "typical_volume": 9143048.5, "trend": 175.731324, "fair_value": 151.538981, "relative_strength": 17.848087, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.512848, "energy": 54.788744, "activity_lines": [ 198.735367, 196.543709, 186.733912, 181.146787 ] }, { "date": "2025-04-04", "close": 188.808533, "volume": 12258980, "typical_volume": 9406382.1, "trend": 176.415475, "fair_value": 152.054352, "relative_strength": 13.096904, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.032307, "energy": 36.361778, "activity_lines": [ 195.586129, 195.86139, 187.650404, 181.990478 ] }, { "date": "2025-04-11", "close": 194.351852, "volume": 13124304, "typical_volume": 9726181.95, "trend": 177.257473, "fair_value": 152.617706, "relative_strength": 15.624251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.745585, "energy": 30.044642, "activity_lines": [ 195.010712, 195.912331, 188.958308, 183.147664 ] }, { "date": "2025-04-18", "close": 203.121628, "volume": 5861290, "typical_volume": 9433817.1, "trend": 178.109649, "fair_value": 153.202738, "relative_strength": 16.665859, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.041115, "energy": 37.758762, "activity_lines": [ 197.398764, 197.248646, 190.969244, 184.816319 ] }, { "date": "2025-04-25", "close": 200.594101, "volume": 8759583, "typical_volume": 9402169.6, "trend": 178.963377, "fair_value": 153.774162, "relative_strength": 7.171942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.913391, "energy": 32.20642, "activity_lines": [ 198.555815, 197.858556, 192.542837, 186.266928 ] }, { "date": "2025-05-02", "close": 197.712311, "volume": 8092868, "typical_volume": 9542444.9, "trend": 179.753925, "fair_value": 154.337706, "relative_strength": 6.832664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.70782, "energy": 32.335635, "activity_lines": [ 198.521005, 197.850686, 193.700283, 187.476537 ] }, { "date": "2025-05-09", "close": 200.153687, "volume": 7066538, "typical_volume": 9237767.65, "trend": 180.796833, "fair_value": 154.897368, "relative_strength": 6.256711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.747339, "energy": 33.693429, "activity_lines": [ 199.599673, 198.317362, 194.965004, 188.792651 ] }, { "date": "2025-05-16", "close": 198.162277, "volume": 9831680, "typical_volume": 9649531.8, "trend": 181.768351, "fair_value": 155.438803, "relative_strength": 2.166937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.04557, "energy": 29.925201, "activity_lines": [ 199.258193, 198.413702, 195.871664, 189.913002 ] }, { "date": "2025-05-23", "close": 203.437561, "volume": 7496397, "typical_volume": 9838292.5, "trend": 183.100784, "fair_value": 156.001695, "relative_strength": 3.671723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.343472, "energy": 32.137457, "activity_lines": [ 200.421113, 199.41087, 197.118995, 191.311016 ] }, { "date": "2025-05-30", "close": 204.404526, "volume": 11057290, "typical_volume": 10031095.65, "trend": 184.555636, "fair_value": 156.589268, "relative_strength": 4.819785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.525209, "energy": 33.939307, "activity_lines": [ 201.885293, 200.472153, 198.257825, 192.685451 ] }, { "date": "2025-06-06", "close": 197.825638, "volume": 9278277, "typical_volume": 10067828.45, "trend": 185.742652, "fair_value": 157.152104, "relative_strength": 0.856685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.56872, "energy": 27.960875, "activity_lines": [ 200.902481, 200.204923, 198.604266, 193.54158 ] }, { "date": "2025-06-13", "close": 196.257523, "volume": 8156159, "typical_volume": 10002044.9, "trend": 186.946605, "fair_value": 157.68955, "relative_strength": 0.992703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.219454, "energy": 21.199009, "activity_lines": [ 199.38941, 199.732252, 198.656483, 194.219958 ] }, { "date": "2025-06-20", "close": 201.81897, "volume": 33498645, "typical_volume": 11213174.6, "trend": 188.120806, "fair_value": 158.256963, "relative_strength": 5.768772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.334462, "energy": 20.339622, "activity_lines": [ 199.989898, 200.135317, 199.130966, 195.179466 ] }, { "date": "2025-06-27", "close": 191.806412, "volume": 7486616, "typical_volume": 11238915.4, "trend": 189.120022, "fair_value": 158.744303, "relative_strength": -1.544315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.680334, "energy": 12.245905, "activity_lines": [ 197.009087, 198.582152, 198.535352, 195.417247 ] }, { "date": "2025-07-04", "close": 192.790161, "volume": 6144893, "typical_volume": 10902769.65, "trend": 189.851717, "fair_value": 159.229839, "relative_strength": -2.146982, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.578022, "energy": 10.023878, "activity_lines": [ 195.131603, 197.413581, 198.01742, 195.65403 ] }, { "date": "2025-07-11", "close": 182.582809, "volume": 6526897, "typical_volume": 10313512.2, "trend": 190.224066, "fair_value": 159.641556, "relative_strength": -5.170119, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -9.182796, "energy": 21.503282, "activity_lines": [ 190.625959, 194.531018, 196.539949, 195.185068 ] }, { "date": "2025-07-18", "close": 191.494751, "volume": 11209264, "typical_volume": 10076055.3, "trend": 191.11425, "fair_value": 160.107312, "relative_strength": -0.158351, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.575024, "energy": 25.887079, "activity_lines": [ 190.107151, 193.54389, 195.99131, 195.267048 ] }, { "date": "2025-07-25", "close": 190.822693, "volume": 6825992, "typical_volume": 9915576.9, "trend": 192.001761, "fair_value": 160.551436, "relative_strength": -2.389226, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.585609, "energy": 32.887817, "activity_lines": [ 189.681842, 192.592004, 195.417735, 195.248238 ] }, { "date": "2025-08-01", "close": 191.212296, "volume": 5811047, "typical_volume": 9802008.85, "trend": 192.998396, "fair_value": 161.005229, "relative_strength": -1.528707, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.446239, "energy": 33.301984, "activity_lines": [ 190.119486, 191.844403, 194.900942, 195.197305 ] }, { "date": "2025-08-08", "close": 192.108368, "volume": 6661290, "typical_volume": 9581513.9, "trend": 193.749328, "fair_value": 161.464822, "relative_strength": -3.0751, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.560723, "energy": 14.257699, "activity_lines": [ 190.895428, 191.482001, 194.498451, 195.139883 ] }, { "date": "2025-08-15", "close": 193.579071, "volume": 4933915, "typical_volume": 9504096.25, "trend": 194.621934, "fair_value": 161.910835, "relative_strength": -2.816015, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.919784, "energy": 6.927999, "activity_lines": [ 192.207057, 191.610566, 194.259916, 195.128899 ] }, { "date": "2025-08-22", "close": 195.984818, "volume": 8395568, "typical_volume": 9310925.65, "trend": 195.364608, "fair_value": 162.401291, "relative_strength": -3.272506, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.207623, "energy": 13.792333, "activity_lines": [ 193.587518, 192.25375, 194.291589, 195.216827 ] }, { "date": "2025-08-29", "close": 185.74826, "volume": 7877602, "typical_volume": 9048590.55, "trend": 195.64456, "fair_value": 162.831369, "relative_strength": -7.523651, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.442952, "energy": 20.035774, "activity_lines": [ 191.256454, 191.0407, 193.314178, 194.596418 ] }, { "date": "2025-09-05", "close": 184.258057, "volume": 4479304, "typical_volume": 8979491.25, "trend": 195.505009, "fair_value": 163.236887, "relative_strength": -10.82748, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.859207, "energy": 33.707519, "activity_lines": [ 188.766953, 189.848899, 192.235813, 193.861804 ] }, { "date": "2025-09-12", "close": 182.09581, "volume": 12322731, "typical_volume": 9157648.65, "trend": 195.060398, "fair_value": 163.631966, "relative_strength": -13.607183, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.115198, "energy": 51.264789, "activity_lines": [ 186.020318, 188.401205, 191.041345, 192.996695 ] }, { "date": "2025-09-19", "close": 185.339157, "volume": 10982394, "typical_volume": 9302124.95, "trend": 194.59175, "fair_value": 164.051642, "relative_strength": -11.020785, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.30298, "energy": 57.013776, "activity_lines": [ 185.022302, 187.737653, 190.243856, 192.369518 ] }, { "date": "2025-09-26", "close": 184.423645, "volume": 7417307, "typical_volume": 9319663.4, "trend": 194.082563, "fair_value": 164.43378, "relative_strength": -12.858053, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.548345, "energy": 57.489738, "activity_lines": [ 184.268444, 186.857528, 189.418094, 191.713511 ] }, { "date": "2025-10-03", "close": 185.806702, "volume": 7979897, "typical_volume": 9227074.25, "trend": 193.77762, "fair_value": 164.828867, "relative_strength": -11.592563, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.900858, "energy": 47.385027, "activity_lines": [ 184.746349, 186.357435, 188.798957, 191.179585 ] }, { "date": "2025-10-10", "close": 173.758514, "volume": 6774859, "typical_volume": 9190997.35, "trend": 192.993096, "fair_value": 165.145949, "relative_strength": -15.222736, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.133217, "energy": 63.144796, "activity_lines": [ 181.204296, 183.757961, 187.09121, 189.888029 ] }, { "date": "2025-10-17", "close": 174.693542, "volume": 5836977, "typical_volume": 8929981.7, "trend": 192.245375, "fair_value": 165.466542, "relative_strength": -16.218066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.830257, "energy": 69.71094, "activity_lines": [ 178.673888, 181.645834, 185.613841, 188.707413 ] }, { "date": "2025-10-24", "close": 172.891663, "volume": 4016795, "typical_volume": 8666907.6, "trend": 191.268178, "fair_value": 165.705295, "relative_strength": -16.113507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.213693, "energy": 74.876537, "activity_lines": [ 176.036338, 179.522726, 184.106346, 187.458786 ] }, { "date": "2025-10-31", "close": 175.102615, "volume": 9184987, "typical_volume": 8718349.0, "trend": 190.811314, "fair_value": 165.913585, "relative_strength": -17.055782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.123755, "energy": 73.834528, "activity_lines": [ 174.965606, 178.177744, 182.928152, 186.415847 ] }, { "date": "2025-11-07", "close": 181.314636, "volume": 6351527, "typical_volume": 7360993.1, "trend": 190.37674, "fair_value": 166.14073, "relative_strength": -14.805239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.633016, "energy": 50.376486, "activity_lines": [ 176.586948, 178.341897, 182.442315, 185.803158 ] }, { "date": "2025-11-14", "close": 180.540894, "volume": 12198981, "typical_volume": 7596611.35, "trend": 189.624049, "fair_value": 166.382888, "relative_strength": -13.606374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.923395, "energy": 35.622299, "activity_lines": [ 178.249848, 178.44598, 181.980429, 185.168587 ] }, { "date": "2025-11-21", "close": 178.748505, "volume": 7038703, "typical_volume": 7641301.85, "trend": 188.895862, "fair_value": 166.618387, "relative_strength": -13.634719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.750228, "energy": 24.226508, "activity_lines": [ 178.863127, 178.29176, 181.401485, 184.466939 ] }, { "date": "2025-11-28", "close": 182.950317, "volume": 6389303, "typical_volume": 7634422.15, "trend": 188.403796, "fair_value": 166.877224, "relative_strength": -13.81019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.443606, "energy": 19.854933, "activity_lines": [ 180.606678, 178.962365, 181.289578, 184.083356 ] }, { "date": "2025-12-05", "close": 183.440033, "volume": 8039436, "typical_volume": 7475930.75, "trend": 187.846674, "fair_value": 167.140099, "relative_strength": -13.064843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.261594, "energy": 18.163673, "activity_lines": [ 181.842891, 179.765443, 181.22256, 183.763113 ] }, { "date": "2025-12-12", "close": 190.394089, "volume": 6617005, "typical_volume": 7465481.4, "trend": 187.587735, "fair_value": 167.451373, "relative_strength": -11.43531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.006703, "energy": 13.31025, "activity_lines": [ 184.841295, 181.850779, 181.85619, 183.927462 ] }, { "date": "2025-12-19", "close": 190.991547, "volume": 13764339, "typical_volume": 7863146.0, "trend": 187.172867, "fair_value": 167.758329, "relative_strength": -9.94661, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.60017, "energy": 27.161574, "activity_lines": [ 187.433555, 183.961337, 182.548761, 184.147063 ] }, { "date": "2025-12-26", "close": 193.880905, "volume": 2371046, "typical_volume": 7648633.8, "trend": 186.82208, "fair_value": 168.113083, "relative_strength": -10.713892, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.191055, "energy": 41.304595, "activity_lines": [ 190.292224, 186.283904, 183.51756, 184.57984 ] }, { "date": "2026-01-02", "close": 189.590958, "volume": 2728269, "typical_volume": 7538351.5, "trend": 186.547591, "fair_value": 168.405722, "relative_strength": -10.477988, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.336978, "energy": 40.920967, "activity_lines": [ 190.712084, 187.47762, 184.069352, 184.758477 ] }, { "date": "2026-01-09", "close": 191.236404, "volume": 8750855, "typical_volume": 7556115.85, "trend": 186.38022, "fair_value": 168.73251, "relative_strength": -12.058537, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.574821, "energy": 43.877213, "activity_lines": [ 191.237717, 188.666884, 184.796845, 185.060981 ] }, { "date": "2026-01-16", "close": 194.899536, "volume": 9729138, "typical_volume": 7648692.65, "trend": 186.149572, "fair_value": 169.069686, "relative_strength": -11.581677, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.82545, "energy": 42.912457, "activity_lines": [ 192.464635, 190.228831, 185.895819, 185.610614 ] }, { "date": "2026-01-23", "close": 195.017059, "volume": 11850390, "typical_volume": 8017246.95, "trend": 186.256594, "fair_value": 169.409414, "relative_strength": -12.628348, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.564366, "energy": 32.541712, "activity_lines": [ 193.430365, 191.565147, 186.962407, 186.18271 ] }, { "date": "2026-01-30", "close": 192.803528, "volume": 13831547, "typical_volume": 8092687.75, "trend": 186.257039, "fair_value": 169.71877, "relative_strength": -12.544231, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 55.018427, "energy": 37.455253, "activity_lines": [ 193.389883, 192.235801, 187.76695, 186.605093 ] }, { "date": "2026-02-06", "close": 202.225769, "volume": 9001464, "typical_volume": 7993641.25, "trend": 186.911805, "fair_value": 170.160339, "relative_strength": -12.060299, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.593691, "energy": 57.968041, "activity_lines": [ 196.561974, 194.364043, 189.417861, 187.635334 ] }, { "date": "2026-02-13", "close": 206.172928, "volume": 9432799, "typical_volume": 8094415.85, "trend": 187.401077, "fair_value": 170.613105, "relative_strength": -10.797918, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.765998, "energy": 73.374047, "activity_lines": [ 200.207464, 196.859487, 191.364278, 188.877987 ] }, { "date": "2026-02-20", "close": 206.398193, "volume": 4551068, "typical_volume": 7922974.4, "trend": 187.920261, "fair_value": 171.062371, "relative_strength": -10.209057, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.191482, "energy": 76.747388, "activity_lines": [ 202.932273, 198.982564, 193.228582, 190.103607 ] }, { "date": "2026-02-27", "close": 203.626373, "volume": 10273119, "typical_volume": 8097887.4, "trend": 188.334063, "fair_value": 171.483923, "relative_strength": -10.862761, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.477243, "energy": 74.453514, "activity_lines": [ 203.966566, 200.310689, 194.730847, 191.116905 ] }, { "date": "2026-03-06", "close": 202.754669, "volume": 5698059, "typical_volume": 8090941.5, "trend": 188.68894, "fair_value": 171.89938, "relative_strength": -5.463532, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.484608, "energy": 63.308271, "activity_lines": [ 204.136336, 201.250599, 196.007866, 192.047267 ] }, { "date": "2026-03-13", "close": 192.695786, "volume": 5572884, "typical_volume": 8168745.95, "trend": 188.659497, "fair_value": 172.230017, "relative_strength": -7.415058, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.590707, "energy": 36.83279, "activity_lines": [ 200.289736, 200.20028, 196.193271, 192.305773 ] }, { "date": "2026-03-20", "close": 187.50473, "volume": 6096053, "typical_volume": 8014299.25, "trend": 188.376827, "fair_value": 172.524454, "relative_strength": -7.32213, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.058145, "energy": 15.936767, "activity_lines": [ 195.348116, 198.149681, 195.789985, 192.231272 ] }, { "date": "2026-03-27", "close": 196.016098, "volume": 5430780, "typical_volume": 7968261.9, "trend": 188.719089, "fair_value": 172.862888, "relative_strength": -6.328202, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.751276, "energy": 21.204747, "activity_lines": [ 194.488165, 197.714452, 196.138247, 192.724128 ] }, { "date": "2026-04-03", "close": 204.8311, "volume": 3688855, "typical_volume": 7542755.6, "trend": 189.404857, "fair_value": 173.248894, "relative_strength": -5.93017, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.212993, "energy": 24.727665, "activity_lines": [ 197.258688, 198.86165, 197.256027, 193.763612 ] }, { "date": "2026-04-10", "close": 213.710007, "volume": 8248333, "typical_volume": 7603237.1, "trend": 190.458663, "fair_value": 173.67409, "relative_strength": -1.866806, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.886592, "energy": 38.404648, "activity_lines": [ 202.908532, 201.444757, 199.103749, 195.331687 ] }, { "date": "2026-04-17", "close": 204.199997, "volume": 6644763, "typical_volume": 7616010.1, "trend": 191.087358, "fair_value": 174.048933, "relative_strength": -5.438364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.440454, "energy": 47.834512, "activity_lines": [ 204.658016, 201.918653, 199.879272, 196.218224 ] }, { "date": "2026-04-24", "close": 218.460007, "volume": 5527369, "typical_volume": 7490406.75, "trend": 192.221903, "fair_value": 174.464318, "relative_strength": 2.277545, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.582446, "energy": 73.019963, "activity_lines": [ 210.393889, 204.949384, 201.911703, 197.984202 ] }, { "date": "2026-05-01", "close": 209.990005, "volume": 13151615, "typical_volume": 7817137.25, "trend": 193.028014, "fair_value": 174.786924, "relative_strength": 0.581337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.687212, "energy": 65.164081, "activity_lines": [ 211.242744, 206.216713, 202.970705, 199.130531 ] }, { "date": "2026-05-08", "close": 222.009995, "volume": 12342192, "typical_volume": 7746029.9, "trend": 194.636396, "fair_value": 175.195586, "relative_strength": 3.531738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.291207, "energy": 70.083878, "activity_lines": [ 215.166668, 209.604189, 205.081154, 201.000336 ] }, { "date": "2026-05-15", "close": 216.0, "volume": 5732042, "typical_volume": 7914079.7, "trend": 196.013278, "fair_value": 175.566354, "relative_strength": 3.669233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.774291, "energy": 60.991803, "activity_lines": [ 215.942, 211.564691, 206.471515, 202.378633 ] }, { "date": "2026-05-22", "close": 221.169998, "volume": 5575882, "typical_volume": 8056460.35, "trend": 197.622556, "fair_value": 175.972441, "relative_strength": 5.759465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.250902, "energy": 51.84668, "activity_lines": [ 218.287999, 214.224368, 208.248929, 204.001647 ] }, { "date": "2026-05-29", "close": 224.990005, "volume": 9370266, "typical_volume": 8087430.9, "trend": 199.285469, "fair_value": 176.417067, "relative_strength": 7.358314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.983935, "energy": 59.521473, "activity_lines": [ 220.776001, 217.060879, 210.239776, 205.767289 ] }, { "date": "2026-06-05", "close": 215.529999, "volume": 1398055, "typical_volume": 7670876.75, "trend": 200.425981, "fair_value": 176.772089, "relative_strength": 6.747979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.674387, "energy": 43.513689, "activity_lines": [ 219.675334, 217.495839, 211.168939, 206.815323 ] }, { "date": "2026-06-12", "close": 210.419998, "volume": 1383404, "typical_volume": 7147527.45, "trend": 201.421951, "fair_value": 177.094413, "relative_strength": 1.64149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.995622, "energy": 32.478693, "activity_lines": [ 216.502, 216.646909, 211.513195, 207.460099 ] }, { "date": "2026-06-19", "close": 208.320007, "volume": 2962663, "typical_volume": 6604083.25, "trend": 202.407668, "fair_value": 177.408953, "relative_strength": 1.323709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.896055, "energy": 21.717998, "activity_lines": [ 213.401335, 215.314547, 211.584104, 207.905134 ] }, { "date": "2026-06-26", "close": 211.779999, "volume": 1220071, "typical_volume": 6215013.6, "trend": 203.368657, "fair_value": 177.758978, "relative_strength": 3.867254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.488969, "energy": 21.345211, "activity_lines": [ 211.966001, 214.709274, 211.910648, 208.509801 ] }, { "date": "2026-07-03", "close": 204.190109, "volume": 150835, "typical_volume": 5750915.4, "trend": 204.060327, "fair_value": 178.060407, "relative_strength": 0.570765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.674313, "energy": 17.73004, "activity_lines": [ 208.626704, 212.586202, 211.46885, 208.562798 ] }, { "date": "2026-07-10", "close": 195.364639, "volume": 15532872, "typical_volume": 6300005.6, "trend": 204.226012, "fair_value": 178.298322, "relative_strength": -2.781398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.663024, "energy": 29.733466, "activity_lines": [ 203.732243, 209.117953, 210.195972, 208.001786 ] }, { "date": "2026-07-17", "close": 197.911591, "volume": 15270482, "typical_volume": 6549873.75, "trend": 204.45668, "fair_value": 178.551877, "relative_strength": -1.446682, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.578609, "energy": 39.055575, "activity_lines": [ 201.031123, 206.378701, 209.218202, 207.594404 ] }, { "date": "2026-07-24", "close": 196.075409, "volume": 9106248, "typical_volume": 6720283.2, "trend": 204.52983, "fair_value": 178.81792, "relative_strength": -1.756688, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.96422, "energy": 51.367739, "activity_lines": [ 198.551836, 203.743751, 208.092771, 207.053677 ] }, { "date": "2026-07-31", "close": 195.917476, "volume": 12325240, "typical_volume": 7057901.0, "trend": 204.740714, "fair_value": 179.133305, "relative_strength": -2.377126, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.786844, "energy": 56.089653, "activity_lines": [ 196.836212, 201.442351, 206.984104, 206.498041 ] }, { "date": "2026-08-07", "close": 197.940002, "volume": 10138598, "typical_volume": 7260028.25, "trend": 204.964167, "fair_value": 179.509199, "relative_strength": -1.149098, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.877457, "energy": 52.776037, "activity_lines": [ 196.852264, 199.96782, 206.052718, 206.059285 ] } ], "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." } } }