{ "ticker": { "uuid": "456f4bef-5fb0-4473-9582-f736596130a9", "symbol": "AMG", "name": "Affiliated Managers Group, Inc.", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 66.859, "architecture_energy": 57.365, "architecture_maturity": 34.856, "architecture_confidence": 91.692, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 12.38, "rotation_up": 61.55, "upward_expansion": 82.66, "deceleration": 58.66, "rotation_down": 19.9, "downward_expansion": 9.33 }, "activity_lines": [ 366.424, 360.603806, 340.890389, 327.313404 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 369.7, "trend_reference": 315.642904, "distance_from_trend": 0.17126, "trend_direction": "Improving", "fair_value": 206.692163, "distance_from_fair_value": 0.78865, "fair_value_direction": "Improving", "relative_strength": 14.522439, "relative_strength_direction": "Improving", "price_momentum": 0.210229, "excess_performance": 0.084604, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.17126, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.091112, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.78865, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.20397, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.145224, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.075327, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.210229, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.231628, "read": "Demand-led" } ], "volume": { "latest": 1137303, "relative_activity": 0.737508, "balance": 2.231628, "dry_up": 0.843868, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.061843, "annualized_volatility": 0.365521, "from_high_reference": -0.059096, "from_low_reference": 0.746442 }, "levels": { "trend_reference": 315.642904, "fair_value_reference": 206.692163, "structural_low": 254.431555, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": 0.008979, "positive_rate": 0.586207, "directional_follow_through": 0.586207, "median_excess_return": -0.002718, "regime_survival": 0.793103, "best_return": 0.129771, "worst_return": -0.20182, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.012173, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": 0.009921, "regime_survival": 0.454545, "best_return": 0.334786, "worst_return": -0.229588, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.137747, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.007404, "regime_survival": 0.333333, "best_return": 0.50308, "worst_return": -0.159095, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.042112, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.11067, "regime_survival": 0.25, "best_return": 0.788075, "worst_return": -0.277944, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-26", "end": "2024-04-26", "tenure": "Established", "return": 0.055961, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-06-14", "tenure": "Developing", "return": -0.074467, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-07-26", "tenure": "Developing", "return": 0.128019, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-11-29", "tenure": "Established", "return": 0.106231, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-02-07", "tenure": "Developing", "return": -0.031558, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": -0.022991, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": -0.066023, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-09", "tenure": "Developing", "return": 0.098394, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": -0.051521, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.144602, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2026-02-27", "tenure": "Extended", "return": 0.494104, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-05-08", "tenure": "Developing", "return": 0.055437, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": 0.145963, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.04663, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 131.783335, "volume": 1397390, "typical_volume": 1166791.55, "trend": 147.74737, "fair_value": 138.361482, "relative_strength": -15.87286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.70524, "energy": 53.927307, "activity_lines": [ 136.782335, 142.592666, 144.138297, 144.584635 ] }, { "date": "2023-08-25", "close": 131.393561, "volume": 1049128, "typical_volume": 1168179.45, "trend": 146.537878, "fair_value": 138.751841, "relative_strength": -16.656108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.075968, "energy": 73.730197, "activity_lines": [ 133.552313, 140.075311, 142.94298, 143.529551 ] }, { "date": "2023-09-01", "close": 135.741032, "volume": 982164, "typical_volume": 1174506.65, "trend": 145.165877, "fair_value": 139.168723, "relative_strength": -15.933437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.922458, "energy": 71.054481, "activity_lines": [ 133.813487, 138.654036, 142.191265, 142.83298 ] }, { "date": "2023-09-08", "close": 132.123137, "volume": 902353, "typical_volume": 1169677.95, "trend": 144.029332, "fair_value": 139.589874, "relative_strength": -16.979428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.023741, "energy": 67.820259, "activity_lines": [ 133.019948, 136.703973, 141.122447, 141.991513 ] }, { "date": "2023-09-15", "close": 134.511747, "volume": 1490933, "typical_volume": 1181870.1, "trend": 142.949422, "fair_value": 140.018528, "relative_strength": -15.288544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.074017, "energy": 46.341702, "activity_lines": [ 133.522989, 135.509457, 140.331655, 141.377475 ] }, { "date": "2023-09-22", "close": 132.323021, "volume": 950592, "typical_volume": 1147958.1, "trend": 142.071354, "fair_value": 140.452418, "relative_strength": -14.106419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.6001, "energy": 40.943681, "activity_lines": [ 133.260475, 134.201903, 139.378908, 140.691901 ] }, { "date": "2023-09-29", "close": 130.264218, "volume": 1538556, "typical_volume": 1180045.8, "trend": 141.058708, "fair_value": 140.845139, "relative_strength": -14.801176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.26103, "energy": 44.756552, "activity_lines": [ 132.275715, 132.949749, 138.273725, 139.93015 ] }, { "date": "2023-10-06", "close": 130.544056, "volume": 1430278, "typical_volume": 1202734.6, "trend": 140.59733, "fair_value": 141.192862, "relative_strength": -14.903374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.26754, "energy": 42.56457, "activity_lines": [ 131.459523, 132.325928, 137.247923, 139.251786 ] }, { "date": "2023-10-13", "close": 125.247137, "volume": 1056470, "typical_volume": 1203068.8, "trend": 140.331452, "fair_value": 141.494405, "relative_strength": -18.575233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.390752, "energy": 62.824533, "activity_lines": [ 129.224157, 130.874772, 135.768861, 138.261451 ] }, { "date": "2023-10-20", "close": 123.777992, "volume": 1094189, "typical_volume": 1216452.4, "trend": 139.90435, "fair_value": 141.779617, "relative_strength": -17.43055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.562557, "energy": 71.142282, "activity_lines": [ 126.957476, 129.417983, 134.230404, 137.193485 ] }, { "date": "2023-10-27", "close": 122.518724, "volume": 826769, "typical_volume": 1211009.75, "trend": 139.244411, "fair_value": 142.082553, "relative_strength": -16.027418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.948241, "energy": 85.68479, "activity_lines": [ 124.986622, 127.917584, 132.678619, 136.071832 ] }, { "date": "2023-11-03", "close": 127.905591, "volume": 1469941, "typical_volume": 1202611.6, "trend": 138.921254, "fair_value": 142.393902, "relative_strength": -16.997994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.258716, "energy": 76.87085, "activity_lines": [ 125.46501, 127.565061, 131.760891, 135.340295 ] }, { "date": "2023-11-10", "close": 132.353003, "volume": 1563408, "typical_volume": 1235408.8, "trend": 138.616105, "fair_value": 142.688117, "relative_strength": -14.842358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.975692, "energy": 48.721679, "activity_lines": [ 127.583111, 128.084577, 131.363381, 134.916537 ] }, { "date": "2023-11-17", "close": 136.410758, "volume": 1809656, "typical_volume": 1280720.8, "trend": 138.405244, "fair_value": 143.017881, "relative_strength": -13.782101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.754311, "energy": 20.838208, "activity_lines": [ 130.933201, 129.403467, 131.402246, 134.774257 ] }, { "date": "2023-11-24", "close": 133.782093, "volume": 705359, "typical_volume": 1280568.75, "trend": 138.055465, "fair_value": 143.292064, "relative_strength": -15.810664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.55286, "energy": 24.901778, "activity_lines": [ 132.662827, 130.166462, 131.254483, 134.475989 ] }, { "date": "2023-12-01", "close": 136.740591, "volume": 1736508, "typical_volume": 1334300.4, "trend": 137.897235, "fair_value": 143.558388, "relative_strength": -14.152682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.720965, "energy": 18.80839, "activity_lines": [ 134.71168, 131.480631, 131.466576, 134.391158 ] }, { "date": "2023-12-08", "close": 138.82953, "volume": 930475, "typical_volume": 1330181.7, "trend": 137.813631, "fair_value": 143.826195, "relative_strength": -12.575844, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.661253, "energy": 25.241449, "activity_lines": [ 136.508721, 133.094288, 131.969128, 134.451307 ] }, { "date": "2023-12-15", "close": 150.283716, "volume": 2008975, "typical_volume": 1283413.65, "trend": 138.113165, "fair_value": 144.148094, "relative_strength": -7.115247, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 47.271103, "energy": 53.362028, "activity_lines": [ 141.395561, 136.634791, 133.673004, 135.255828 ] }, { "date": "2023-12-22", "close": 151.343179, "volume": 919712, "typical_volume": 1254106.55, "trend": 138.419367, "fair_value": 144.466925, "relative_strength": -6.813337, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.09844, "energy": 69.095417, "activity_lines": [ 145.440175, 140.009022, 135.419335, 136.109377 ] }, { "date": "2023-12-29", "close": 151.343179, "volume": 561811, "typical_volume": 1221233.35, "trend": 138.59199, "fair_value": 144.786012, "relative_strength": -6.605165, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.481494, "energy": 74.860081, "activity_lines": [ 148.489294, 142.908778, 137.109883, 136.943172 ] }, { "date": "2024-01-05", "close": 149.334198, "volume": 1040988, "typical_volume": 1203413.25, "trend": 138.638685, "fair_value": 145.063092, "relative_strength": -5.795245, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.92744, "energy": 72.385133, "activity_lines": [ 149.698014, 144.94208, 138.52638, 137.636217 ] }, { "date": "2024-01-12", "close": 147.755, "volume": 844162, "typical_volume": 1193164.95, "trend": 138.623746, "fair_value": 145.303995, "relative_strength": -7.88314, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.686405, "energy": 66.842531, "activity_lines": [ 149.54076, 146.200701, 139.708902, 138.224367 ] }, { "date": "2024-01-19", "close": 153.062306, "volume": 895990, "typical_volume": 1188856.25, "trend": 138.9646, "fair_value": 145.561058, "relative_strength": -5.133506, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.818964, "energy": 70.73945, "activity_lines": [ 150.557577, 148.063389, 141.31897, 139.155887 ] }, { "date": "2024-01-26", "close": 151.643026, "volume": 995182, "typical_volume": 1193497.7, "trend": 139.026297, "fair_value": 145.827716, "relative_strength": -6.389242, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.001546, "energy": 53.760126, "activity_lines": [ 150.916062, 149.291493, 142.711386, 139.97385 ] }, { "date": "2024-02-02", "close": 149.584071, "volume": 1314077, "typical_volume": 1184654.9, "trend": 139.00637, "fair_value": 146.066963, "relative_strength": -8.250573, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.882889, "energy": 49.060577, "activity_lines": [ 150.568238, 149.868291, 143.814759, 140.654997 ] }, { "date": "2024-02-09", "close": 155.810911, "volume": 1675221, "typical_volume": 1220886.35, "trend": 139.001464, "fair_value": 146.118927, "relative_strength": -5.169399, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.161708, "energy": 57.007705, "activity_lines": [ 152.413302, 151.289933, 145.439391, 141.73916 ] }, { "date": "2024-02-16", "close": 156.650597, "volume": 1010842, "typical_volume": 1194500.65, "trend": 138.822346, "fair_value": 146.2111, "relative_strength": -3.757077, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.839791, "energy": 57.9945, "activity_lines": [ 154.10648, 152.517512, 147.032147, 142.877814 ] }, { "date": "2024-02-23", "close": 157.590181, "volume": 738566, "typical_volume": 1159915.05, "trend": 139.475024, "fair_value": 146.325174, "relative_strength": -4.226604, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.887106, "energy": 64.471947, "activity_lines": [ 155.519813, 153.591905, 148.588737, 144.088642 ] }, { "date": "2024-03-01", "close": 157.170367, "volume": 925662, "typical_volume": 1153374.65, "trend": 140.059744, "fair_value": 146.440782, "relative_strength": -4.864896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.674906, "energy": 70.146061, "activity_lines": [ 156.49135, 154.457124, 149.976554, 145.230277 ] }, { "date": "2024-03-08", "close": 159.029543, "volume": 673300, "typical_volume": 1132330.2, "trend": 140.894993, "fair_value": 146.529638, "relative_strength": -3.127385, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.613836, "energy": 64.662778, "activity_lines": [ 157.714122, 155.554425, 151.38942, 146.454135 ] }, { "date": "2024-03-15", "close": 160.968684, "volume": 1245904, "typical_volume": 1153286.95, "trend": 141.867838, "fair_value": 146.606788, "relative_strength": -1.708364, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.812084, "energy": 77.394826, "activity_lines": [ 158.953577, 156.864546, 152.819101, 147.749212 ] }, { "date": "2024-03-22", "close": 163.657492, "volume": 1448121, "typical_volume": 1152195.95, "trend": 142.943303, "fair_value": 146.682352, "relative_strength": -2.03626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.675931, "energy": 81.030282, "activity_lines": [ 160.745449, 158.452005, 154.321765, 149.154996 ] }, { "date": "2024-03-29", "close": 167.395836, "volume": 805471, "typical_volume": 1114299.1, "trend": 143.998463, "fair_value": 146.780407, "relative_strength": 0.041261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.022497, "energy": 86.347742, "activity_lines": [ 163.31631, 160.430026, 156.010214, 150.732579 ] }, { "date": "2024-04-05", "close": 165.80654, "volume": 1314276, "typical_volume": 1089530.1, "trend": 145.121243, "fair_value": 146.846891, "relative_strength": 0.106803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.847244, "energy": 83.012634, "activity_lines": [ 164.703695, 161.858475, 157.380431, 152.139552 ] }, { "date": "2024-04-12", "close": 162.098183, "volume": 1163492, "typical_volume": 1112436.75, "trend": 146.040791, "fair_value": 146.877631, "relative_strength": -0.495688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.55697, "energy": 60.265897, "activity_lines": [ 164.279217, 162.355159, 158.257491, 153.234838 ] }, { "date": "2024-04-19", "close": 158.429809, "volume": 1486248, "typical_volume": 1099923.75, "trend": 146.911017, "fair_value": 146.880758, "relative_strength": 0.524239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.173429, "energy": 50.376568, "activity_lines": [ 162.427371, 161.957337, 158.650344, 154.03413 ] }, { "date": "2024-04-26", "close": 160.129056, "volume": 1057375, "typical_volume": 1106268.75, "trend": 147.906512, "fair_value": 146.875379, "relative_strength": -0.795287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.841055, "energy": 35.047165, "activity_lines": [ 161.311199, 161.820852, 159.101747, 154.886906 ] }, { "date": "2024-05-03", "close": 160.278989, "volume": 1507087, "typical_volume": 1081174.35, "trend": 148.897676, "fair_value": 146.791638, "relative_strength": -1.084765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.334629, "energy": 24.091954, "activity_lines": [ 160.480233, 161.648383, 159.466004, 155.685131 ] }, { "date": "2024-05-10", "close": 157.600176, "volume": 2527262, "typical_volume": 1161551.85, "trend": 149.976111, "fair_value": 146.749303, "relative_strength": -4.255213, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.367465, "energy": 21.738802, "activity_lines": [ 159.230787, 160.939969, 159.527539, 156.246582 ] }, { "date": "2024-05-17", "close": 159.279361, "volume": 1006801, "typical_volume": 1183801.35, "trend": 151.15949, "fair_value": 146.760373, "relative_strength": -4.567055, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.131406, "energy": 17.83369, "activity_lines": [ 159.08816, 160.529047, 159.719201, 156.846792 ] }, { "date": "2024-05-24", "close": 160.408931, "volume": 875524, "typical_volume": 1175528.15, "trend": 152.422497, "fair_value": 146.738604, "relative_strength": -3.650964, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.590705, "energy": 16.103446, "activity_lines": [ 159.509977, 160.31896, 159.98065, 157.44353 ] }, { "date": "2024-05-31", "close": 162.53812, "volume": 1071091, "typical_volume": 1186874.6, "trend": 153.576914, "fair_value": 146.724657, "relative_strength": -1.758524, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.264368, "energy": 24.907213, "activity_lines": [ 160.509583, 160.506175, 160.392142, 158.096151 ] }, { "date": "2024-06-07", "close": 155.570773, "volume": 1195299, "typical_volume": 1201840.05, "trend": 154.35084, "fair_value": 146.688265, "relative_strength": -6.808757, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.732525, "energy": 7.189513, "activity_lines": [ 159.026136, 159.446952, 160.069682, 158.224787 ] }, { "date": "2024-06-14", "close": 148.343524, "volume": 1366573, "typical_volume": 1220409.6, "trend": 154.748599, "fair_value": 146.687754, "relative_strength": -12.208911, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.664707, "energy": 16.952953, "activity_lines": [ 155.447486, 157.288684, 159.046967, 157.837218 ] }, { "date": "2024-06-21", "close": 156.870278, "volume": 2454598, "typical_volume": 1277435.65, "trend": 155.518205, "fair_value": 146.687992, "relative_strength": -7.492148, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.819934, "energy": 16.976303, "activity_lines": [ 155.328198, 156.998246, 158.852035, 157.974101 ] }, { "date": "2024-06-28", "close": 156.170545, "volume": 1879475, "typical_volume": 1287648.35, "trend": 156.16587, "fair_value": 146.690659, "relative_strength": -7.537642, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.301703, "energy": 22.917672, "activity_lines": [ 155.136272, 156.675635, 158.555767, 158.016187 ] }, { "date": "2024-07-05", "close": 154.721096, "volume": 1300999, "typical_volume": 1302156.2, "trend": 156.695589, "fair_value": 146.550604, "relative_strength": -9.734701, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.001539, "energy": 26.980016, "activity_lines": [ 154.743754, 156.130566, 158.119742, 157.922976 ] }, { "date": "2024-07-12", "close": 166.826488, "volume": 1478496, "typical_volume": 1339152.7, "trend": 157.247015, "fair_value": 146.55499, "relative_strength": -3.276554, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.685864, "energy": 22.179725, "activity_lines": [ 158.907503, 157.884804, 158.845801, 158.576583 ] }, { "date": "2024-07-19", "close": 167.876088, "volume": 1122347, "typical_volume": 1348986.95, "trend": 157.798112, "fair_value": 146.560471, "relative_strength": -0.359654, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.931611, "energy": 36.769721, "activity_lines": [ 162.670737, 159.710833, 159.627839, 159.262329 ] }, { "date": "2024-07-26", "close": 176.952633, "volume": 1296703, "typical_volume": 1380157.1, "trend": 158.65176, "fair_value": 146.68035, "relative_strength": 5.781206, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.56552, "energy": 70.585103, "activity_lines": [ 168.157315, 163.000308, 161.22333, 160.498105 ] }, { "date": "2024-08-02", "close": 169.485476, "volume": 1751601, "typical_volume": 1405441.95, "trend": 159.323469, "fair_value": 146.712794, "relative_strength": 3.503991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.650312, "energy": 64.339042, "activity_lines": [ 169.816017, 164.610786, 162.022315, 161.197054 ] }, { "date": "2024-08-09", "close": 164.997279, "volume": 1096271, "typical_volume": 1387849.45, "trend": 159.898212, "fair_value": 146.687079, "relative_strength": 0.716307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.526566, "energy": 61.562221, "activity_lines": [ 169.090991, 165.2402, 162.353297, 161.563106 ] }, { "date": "2024-08-16", "close": 172.194979, "volume": 927042, "typical_volume": 1393928.0, "trend": 160.535968, "fair_value": 146.758662, "relative_strength": 1.038711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.111288, "energy": 57.347401, "activity_lines": [ 170.08012, 167.133575, 163.363394, 162.356446 ] }, { "date": "2024-08-23", "close": 173.794468, "volume": 838628, "typical_volume": 1370145.6, "trend": 161.274349, "fair_value": 146.756619, "relative_strength": 0.518806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.331439, "energy": 39.977392, "activity_lines": [ 171.244512, 169.015507, 164.502971, 163.211833 ] }, { "date": "2024-08-30", "close": 173.774475, "volume": 703598, "typical_volume": 1347150.9, "trend": 162.080696, "fair_value": 146.803174, "relative_strength": 0.210798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.474932, "energy": 38.964884, "activity_lines": [ 172.007681, 170.43106, 165.602605, 164.018293 ] }, { "date": "2024-09-06", "close": 163.847646, "volume": 524029, "typical_volume": 1299039.95, "trend": 162.348587, "fair_value": 146.825667, "relative_strength": -1.451367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.628048, "energy": 27.316442, "activity_lines": [ 169.673785, 169.734386, 165.701226, 164.13229 ] }, { "date": "2024-09-13", "close": 169.205934, "volume": 772403, "typical_volume": 1284791.35, "trend": 162.767098, "fair_value": 146.883148, "relative_strength": -2.115477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.446756, "energy": 24.105323, "activity_lines": [ 169.50184, 169.872363, 166.284361, 164.574699 ] }, { "date": "2024-09-20", "close": 178.183066, "volume": 1659145, "typical_volume": 1292394.25, "trend": 163.453528, "fair_value": 147.023851, "relative_strength": 1.621168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.13712, "energy": 35.054168, "activity_lines": [ 172.041695, 171.379185, 167.679237, 165.569278 ] }, { "date": "2024-09-27", "close": 176.223692, "volume": 815689, "typical_volume": 1206815.6, "trend": 164.088639, "fair_value": 147.172036, "relative_strength": -0.059552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.139356, "energy": 33.413035, "activity_lines": [ 173.52922, 172.323273, 168.802249, 166.393159 ] }, { "date": "2024-10-04", "close": 181.122127, "volume": 738164, "typical_volume": 1193383.75, "trend": 164.825058, "fair_value": 147.353541, "relative_strength": 2.39627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.134183, "energy": 55.793186, "activity_lines": [ 176.487608, 174.006212, 170.303095, 167.492094 ] }, { "date": "2024-10-11", "close": 187.939948, "volume": 769234, "typical_volume": 1188069.25, "trend": 165.7241, "fair_value": 147.533545, "relative_strength": 4.844331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.810987, "energy": 73.177975, "activity_lines": [ 181.228759, 176.852945, 172.349245, 168.983377 ] }, { "date": "2024-10-18", "close": 194.557834, "volume": 754715, "typical_volume": 1172250.45, "trend": 166.754112, "fair_value": 147.719923, "relative_strength": 7.372697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.854383, "energy": 81.999388, "activity_lines": [ 186.56972, 180.567395, 174.894569, 170.843618 ] }, { "date": "2024-10-25", "close": 191.288878, "volume": 837003, "typical_volume": 1154335.65, "trend": 167.550546, "fair_value": 147.871194, "relative_strength": 6.395792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.187906, "energy": 80.995137, "activity_lines": [ 189.130901, 183.150024, 176.976089, 172.426506 ] }, { "date": "2024-11-01", "close": 193.748092, "volume": 911501, "typical_volume": 1131582.05, "trend": 168.481931, "fair_value": 147.921952, "relative_strength": 8.996188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.676109, "energy": 85.292471, "activity_lines": [ 191.6381, 185.832622, 179.121733, 174.116671 ] }, { "date": "2024-11-08", "close": 184.890923, "volume": 1587140, "typical_volume": 1088209.15, "trend": 169.241689, "fair_value": 147.922912, "relative_strength": -0.735769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.46925, "energy": 67.441666, "activity_lines": [ 190.024616, 186.542031, 180.207626, 175.175315 ] }, { "date": "2024-11-15", "close": 186.370408, "volume": 868276, "typical_volume": 1037649.2, "trend": 170.173043, "fair_value": 148.002, "relative_strength": 2.111237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.534613, "energy": 47.982689, "activity_lines": [ 188.65304, 187.318321, 181.30099, 176.280394 ] }, { "date": "2024-11-22", "close": 187.550094, "volume": 762551, "typical_volume": 1010726.8, "trend": 171.087077, "fair_value": 148.114456, "relative_strength": 0.966753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.464788, "energy": 37.427815, "activity_lines": [ 187.779329, 187.899595, 182.362897, 177.401494 ] }, { "date": "2024-11-29", "close": 187.49011, "volume": 658432, "typical_volume": 969723.6, "trend": 171.994115, "fair_value": 148.253485, "relative_strength": -0.301849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.617584, "energy": 29.383775, "activity_lines": [ 187.352806, 188.136432, 183.262762, 178.459754 ] }, { "date": "2024-12-06", "close": 184.37094, "volume": 813610, "typical_volume": 954286.75, "trend": 172.886474, "fair_value": 148.376105, "relative_strength": -2.794376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.571668, "energy": 26.436184, "activity_lines": [ 186.139811, 187.636928, 183.767165, 179.258259 ] }, { "date": "2024-12-13", "close": 186.540363, "volume": 1003891, "typical_volume": 939646.15, "trend": 173.795174, "fair_value": 148.543881, "relative_strength": -0.976099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.333737, "energy": 24.626497, "activity_lines": [ 186.2751, 187.383733, 184.399633, 180.139155 ] }, { "date": "2024-12-20", "close": 182.481443, "volume": 1704567, "typical_volume": 937294.45, "trend": 174.530924, "fair_value": 148.684037, "relative_strength": -1.22811, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.416054, "energy": 18.497102, "activity_lines": [ 184.947453, 186.294039, 184.599881, 180.69956 ] }, { "date": "2024-12-27", "close": 187.590084, "volume": 708039, "typical_volume": 917882.85, "trend": 175.365989, "fair_value": 148.83312, "relative_strength": 0.923174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.742371, "energy": 19.191662, "activity_lines": [ 185.581951, 186.232435, 185.224781, 181.542086 ] }, { "date": "2025-01-03", "close": 188.499842, "volume": 655375, "typical_volume": 904299.5, "trend": 176.463625, "fair_value": 148.991237, "relative_strength": 1.966968, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.103681, "energy": 26.138169, "activity_lines": [ 186.517036, 186.462927, 185.82874, 182.389431 ] }, { "date": "2025-01-10", "close": 176.822949, "volume": 947198, "typical_volume": 909728.0, "trend": 177.412939, "fair_value": 149.122591, "relative_strength": -2.405126, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.352652, "energy": 6.553373, "activity_lines": [ 183.492508, 184.621058, 185.242971, 182.412614 ] }, { "date": "2025-01-17", "close": 186.950254, "volume": 972146, "typical_volume": 923155.4, "trend": 178.415605, "fair_value": 149.420677, "relative_strength": 0.28604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.421284, "energy": 12.543855, "activity_lines": [ 184.346947, 184.928247, 185.607286, 183.027924 ] }, { "date": "2025-01-24", "close": 186.640336, "volume": 761886, "typical_volume": 935048.25, "trend": 179.431265, "fair_value": 149.716456, "relative_strength": -1.541949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.342328, "energy": 12.126389, "activity_lines": [ 185.070754, 185.141644, 185.879344, 183.558552 ] }, { "date": "2025-01-31", "close": 187.890004, "volume": 693884, "typical_volume": 931122.3, "trend": 180.536895, "fair_value": 149.982082, "relative_strength": 0.094746, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.600422, "energy": 16.082312, "activity_lines": [ 185.933858, 185.577347, 186.161881, 184.104277 ] }, { "date": "2025-02-07", "close": 178.552488, "volume": 1199884, "typical_volume": 908159.25, "trend": 180.927762, "fair_value": 150.214298, "relative_strength": -4.609557, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.730928, "energy": 5.489277, "activity_lines": [ 183.664461, 184.309138, 185.466159, 183.976251 ] }, { "date": "2025-02-14", "close": 170.034755, "volume": 1005335, "typical_volume": 917641.55, "trend": 180.999717, "fair_value": 150.397871, "relative_strength": -10.276018, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.965496, "energy": 34.145641, "activity_lines": [ 179.218978, 181.654754, 183.957465, 183.273476 ] }, { "date": "2025-02-21", "close": 166.125495, "volume": 786514, "typical_volume": 920059.05, "trend": 180.638813, "fair_value": 150.554976, "relative_strength": -10.706237, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.91741, "energy": 59.710326, "activity_lines": [ 173.922954, 178.550253, 182.105932, 182.313849 ] }, { "date": "2025-02-28", "close": 170.814521, "volume": 1223709, "typical_volume": 942782.8, "trend": 180.683114, "fair_value": 150.822762, "relative_strength": -7.163885, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.345878, "energy": 61.478974, "activity_lines": [ 171.578255, 176.669481, 180.772385, 181.680024 ] }, { "date": "2025-03-07", "close": 159.536863, "volume": 1403986, "typical_volume": 975246.35, "trend": 180.5011, "fair_value": 151.029206, "relative_strength": -10.333896, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.413634, "energy": 81.376843, "activity_lines": [ 166.529392, 172.950352, 178.446325, 180.315749 ] }, { "date": "2025-03-14", "close": 163.086126, "volume": 1846673, "typical_volume": 1025729.85, "trend": 180.197472, "fair_value": 151.161, "relative_strength": -6.034259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.267442, "energy": 76.14664, "activity_lines": [ 164.553826, 170.386602, 176.625057, 179.192203 ] }, { "date": "2025-03-21", "close": 168.07509, "volume": 1597999, "typical_volume": 1060054.75, "trend": 180.006826, "fair_value": 151.321253, "relative_strength": -3.530569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.759288, "energy": 62.23025, "activity_lines": [ 165.272339, 169.192004, 175.413227, 178.410114 ] }, { "date": "2025-03-28", "close": 167.175276, "volume": 889803, "typical_volume": 1025187.9, "trend": 179.786853, "fair_value": 151.467732, "relative_strength": -2.469278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.305092, "energy": 47.032013, "activity_lines": [ 165.821558, 167.992855, 174.237953, 177.582272 ] }, { "date": "2025-04-04", "close": 148.7691, "volume": 1180816, "typical_volume": 1040814.9, "trend": 179.284234, "fair_value": 151.565897, "relative_strength": -4.378102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.00649, "energy": 54.556085, "activity_lines": [ 160.165399, 163.806674, 171.39407, 175.581126 ] }, { "date": "2025-04-11", "close": 157.797224, "volume": 1485808, "typical_volume": 1076977.75, "trend": 178.903944, "fair_value": 151.743259, "relative_strength": -3.864423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.916117, "energy": 46.3326, "activity_lines": [ 158.98831, 161.950538, 169.589062, 174.194868 ] }, { "date": "2025-04-18", "close": 156.057586, "volume": 876978, "typical_volume": 1087905.05, "trend": 178.166428, "fair_value": 151.891347, "relative_strength": -3.397706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.410185, "energy": 49.506135, "activity_lines": [ 157.347318, 160.325246, 167.760055, 172.720909 ] }, { "date": "2025-04-25", "close": 162.496248, "volume": 859522, "typical_volume": 1090200.65, "trend": 177.708847, "fair_value": 152.128865, "relative_strength": -3.693743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.745394, "energy": 44.185999, "activity_lines": [ 158.321115, 160.279618, 166.693932, 171.70993 ] }, { "date": "2025-05-02", "close": 174.053848, "volume": 1022657, "typical_volume": 1091138.95, "trend": 177.473237, "fair_value": 152.418505, "relative_strength": 0.287245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.31832, "energy": 21.757806, "activity_lines": [ 163.519369, 162.472435, 166.832698, 171.474123 ] }, { "date": "2025-05-09", "close": 179.132793, "volume": 1497399, "typical_volume": 1080780.55, "trend": 177.179666, "fair_value": 152.76721, "relative_strength": 3.584763, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.692697, "energy": 14.730292, "activity_lines": [ 169.952033, 165.444545, 167.514633, 171.581191 ] }, { "date": "2025-05-16", "close": 183.391908, "volume": 1545009, "typical_volume": 1122629.05, "trend": 176.807468, "fair_value": 153.127206, "relative_strength": 0.693331, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.438868, "energy": 20.197077, "activity_lines": [ 175.780156, 169.039798, 168.618144, 171.981981 ] }, { "date": "2025-05-23", "close": 173.943413, "volume": 1104824, "typical_volume": 1145101.5, "trend": 176.229286, "fair_value": 153.382254, "relative_strength": -1.966119, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.880662, "energy": 24.557913, "activity_lines": [ 176.752468, 170.483415, 168.84179, 171.797203 ] }, { "date": "2025-05-30", "close": 175.973102, "volume": 1229853, "typical_volume": 1159234.25, "trend": 175.636786, "fair_value": 153.654474, "relative_strength": -2.469086, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.450066, "energy": 23.562328, "activity_lines": [ 177.208955, 172.098661, 169.328055, 171.780675 ] }, { "date": "2025-06-06", "close": 182.262141, "volume": 1007957, "typical_volume": 1161024.8, "trend": 175.54916, "fair_value": 154.012865, "relative_strength": -0.68463, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.810345, "energy": 33.215036, "activity_lines": [ 178.863331, 174.713769, 170.417324, 172.208118 ] }, { "date": "2025-06-13", "close": 181.982184, "volume": 693183, "typical_volume": 1157589.65, "trend": 175.402886, "fair_value": 154.441957, "relative_strength": -0.656706, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.851628, "energy": 28.547501, "activity_lines": [ 179.877168, 177.003668, 171.502254, 172.623151 ] }, { "date": "2025-06-20", "close": 184.451807, "volume": 880492, "typical_volume": 1166920.05, "trend": 175.29961, "fair_value": 154.829947, "relative_strength": 0.735695, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.206187, "energy": 31.404107, "activity_lines": [ 181.524254, 179.138716, 172.844568, 173.206953 ] }, { "date": "2025-06-27", "close": 197.639791, "volume": 1173643, "typical_volume": 1165608.0, "trend": 175.637932, "fair_value": 155.342373, "relative_strength": 4.116135, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.114517, "energy": 55.185223, "activity_lines": [ 187.496675, 183.18695, 175.459253, 174.648255 ] }, { "date": "2025-07-04", "close": 201.419213, "volume": 1455868, "typical_volume": 1188134.65, "trend": 176.206208, "fair_value": 155.867179, "relative_strength": 4.080151, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.784461, "energy": 78.502777, "activity_lines": [ 193.149144, 187.166312, 178.342991, 176.311563 ] }, { "date": "2025-07-11", "close": 204.918678, "volume": 1031604, "typical_volume": 1200389.15, "trend": 176.818819, "fair_value": 156.434078, "relative_strength": 6.002744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.902809, "energy": 87.237839, "activity_lines": [ 198.271694, 191.07425, 181.410562, 178.163981 ] }, { "date": "2025-07-18", "close": 209.917914, "volume": 1149081, "typical_volume": 1196657.75, "trend": 177.733368, "fair_value": 157.006638, "relative_strength": 7.737206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.770084, "energy": 90.39262, "activity_lines": [ 203.550221, 195.329961, 184.769521, 180.299406 ] }, { "date": "2025-07-25", "close": 215.737025, "volume": 891363, "typical_volume": 1171026.6, "trend": 178.671599, "fair_value": 157.580187, "relative_strength": 9.004663, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.318297, "energy": 92.4867, "activity_lines": [ 208.906069, 200.083963, 188.496474, 182.751255 ] }, { "date": "2025-08-01", "close": 207.028356, "volume": 890551, "typical_volume": 1123220.5, "trend": 179.289216, "fair_value": 158.075945, "relative_strength": 7.119223, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.024838, "energy": 84.414477, "activity_lines": [ 209.273346, 202.666477, 191.12641, 184.580723 ] }, { "date": "2025-08-08", "close": 211.267708, "volume": 802080, "typical_volume": 1083424.55, "trend": 180.437375, "fair_value": 158.534512, "relative_strength": 6.540813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.865174, "energy": 79.773191, "activity_lines": [ 210.427836, 205.418238, 193.950846, 186.643852 ] }, { "date": "2025-08-15", "close": 218.676794, "volume": 750249, "typical_volume": 1076446.85, "trend": 181.494926, "fair_value": 159.060684, "relative_strength": 9.033492, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.969898, "energy": 74.56794, "activity_lines": [ 213.395456, 208.875386, 197.27523, 189.110911 ] }, { "date": "2025-08-22", "close": 224.916132, "volume": 915537, "typical_volume": 1063182.9, "trend": 182.770786, "fair_value": 159.66637, "relative_strength": 11.574923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.765468, "energy": 69.651145, "activity_lines": [ 217.525646, 212.804874, 200.948591, 191.912279 ] }, { "date": "2025-08-29", "close": 224.796144, "volume": 837880, "typical_volume": 1030786.5, "trend": 184.000991, "fair_value": 160.304976, "relative_strength": 11.311066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.009336, "energy": 75.849005, "activity_lines": [ 220.61596, 215.931929, 204.247919, 194.623592 ] }, { "date": "2025-09-05", "close": 230.255565, "volume": 761343, "typical_volume": 1025004.75, "trend": 185.724427, "fair_value": 160.932463, "relative_strength": 13.28927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.782504, "energy": 80.671034, "activity_lines": [ 224.92214, 219.318073, 207.74815, 197.607759 ] }, { "date": "2025-09-12", "close": 236.084947, "volume": 968845, "typical_volume": 1030470.9, "trend": 187.9261, "fair_value": 161.663673, "relative_strength": 13.98145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.977599, "energy": 83.865652, "activity_lines": [ 229.622966, 223.17109, 211.450237, 200.856824 ] }, { "date": "2025-09-19", "close": 242.844229, "volume": 1416838, "typical_volume": 1050179.95, "trend": 190.483391, "fair_value": 162.479778, "relative_strength": 15.473014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.264699, "energy": 83.834094, "activity_lines": [ 234.922403, 227.622781, 215.445642, 204.39993 ] }, { "date": "2025-09-26", "close": 239.014636, "volume": 1081132, "typical_volume": 1029366.6, "trend": 192.756728, "fair_value": 163.295545, "relative_strength": 13.636634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.558713, "energy": 79.244831, "activity_lines": [ 237.334147, 230.688628, 218.748751, 207.530978 ] }, { "date": "2025-10-03", "close": 243.014211, "volume": 1133431, "typical_volume": 1008787.7, "trend": 195.539306, "fair_value": 164.095447, "relative_strength": 13.964382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.683314, "energy": 69.643809, "activity_lines": [ 240.139183, 233.952638, 222.14762, 210.773396 ] }, { "date": "2025-10-10", "close": 230.755512, "volume": 832511, "typical_volume": 995172.05, "trend": 197.794952, "fair_value": 164.84149, "relative_strength": 10.730238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.750698, "energy": 61.402992, "activity_lines": [ 237.643448, 234.491845, 224.095079, 213.045409 ] }, { "date": "2025-10-17", "close": 235.575001, "volume": 907771, "typical_volume": 979067.95, "trend": 200.04495, "fair_value": 165.58858, "relative_strength": 10.989759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.291544, "energy": 54.036181, "activity_lines": [ 236.720879, 235.47592, 226.231002, 215.482832 ] }, { "date": "2025-10-24", "close": 240.244505, "volume": 1176433, "typical_volume": 987491.75, "trend": 202.48059, "fair_value": 166.314301, "relative_strength": 10.904398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.733163, "energy": 52.23107, "activity_lines": [ 237.388808, 236.867045, 228.527822, 218.076351 ] }, { "date": "2025-10-31", "close": 237.93475, "volume": 1089340, "typical_volume": 1007299.6, "trend": 205.452779, "fair_value": 167.045904, "relative_strength": 9.027826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.120538, "energy": 45.647085, "activity_lines": [ 237.460134, 237.446075, 230.328558, 220.363716 ] }, { "date": "2025-11-07", "close": 259.23249, "volume": 2060996, "typical_volume": 1066324.8, "trend": 208.833954, "fair_value": 167.721758, "relative_strength": 20.219062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.404698, "energy": 61.627535, "activity_lines": [ 244.702699, 241.660718, 233.89121, 223.833375 ] }, { "date": "2025-11-14", "close": 258.292559, "volume": 1689483, "typical_volume": 1092116.8, "trend": 212.241787, "fair_value": 168.391907, "relative_strength": 19.167229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.232832, "energy": 70.694736, "activity_lines": [ 250.550734, 245.07835, 237.008246, 227.024253 ] }, { "date": "2025-11-21", "close": 256.852657, "volume": 1487848, "typical_volume": 1093715.8, "trend": 215.387, "fair_value": 169.033546, "relative_strength": 20.313326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.052928, "energy": 74.594579, "activity_lines": [ 254.083, 247.724418, 239.699326, 229.902374 ] }, { "date": "2025-11-28", "close": 268.811849, "volume": 945666, "typical_volume": 1089418.9, "trend": 218.5456, "fair_value": 169.715978, "relative_strength": 20.864139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.449301, "energy": 85.557982, "activity_lines": [ 260.183152, 252.16729, 243.265408, 233.349138 ] }, { "date": "2025-12-05", "close": 273.171555, "volume": 1105295, "typical_volume": 1087229.6, "trend": 221.680226, "fair_value": 170.475869, "relative_strength": 21.754944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.550603, "energy": 85.181993, "activity_lines": [ 265.83205, 256.930697, 246.942446, 236.873393 ] }, { "date": "2025-12-12", "close": 277.39127, "volume": 2880908, "typical_volume": 1186706.85, "trend": 224.813538, "fair_value": 171.2614, "relative_strength": 23.66229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.425204, "energy": 78.882509, "activity_lines": [ 270.538399, 261.840289, 250.720155, 240.467654 ] }, { "date": "2025-12-19", "close": 279.071156, "volume": 2899696, "typical_volume": 1287164.1, "trend": 228.317796, "fair_value": 172.04521, "relative_strength": 23.55733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.975472, "energy": 79.542494, "activity_lines": [ 274.594125, 266.430279, 254.364261, 243.968146 ] }, { "date": "2025-12-26", "close": 296.05001, "volume": 1351677, "typical_volume": 1314643.95, "trend": 232.32036, "fair_value": 172.928187, "relative_strength": 28.411225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.615493, "energy": 87.371051, "activity_lines": [ 282.92423, 273.228866, 259.282339, 248.337966 ] }, { "date": "2026-01-02", "close": 288.830497, "volume": 1878807, "typical_volume": 1371071.85, "trend": 235.872638, "fair_value": 173.723698, "relative_strength": 25.859954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.068187, "energy": 78.423699, "activity_lines": [ 286.234673, 277.615269, 263.10912, 251.983781 ] }, { "date": "2026-01-09", "close": 308.009202, "volume": 2029702, "typical_volume": 1426780.1, "trend": 240.073539, "fair_value": 174.619348, "relative_strength": 31.091765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.825712, "energy": 88.473755, "activity_lines": [ 294.603441, 284.605328, 268.428379, 256.637753 ] }, { "date": "2026-01-16", "close": 326.097981, "volume": 1575254, "typical_volume": 1463648.8, "trend": 244.795078, "fair_value": 175.650167, "relative_strength": 38.058771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.402525, "energy": 94.193408, "activity_lines": [ 306.679292, 293.610175, 275.074697, 262.187717 ] }, { "date": "2026-01-23", "close": 319.798406, "volume": 1437091, "typical_volume": 1497436.2, "trend": 248.867032, "fair_value": 176.625296, "relative_strength": 34.705385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.730672, "energy": 87.2137, "activity_lines": [ 313.408171, 300.253908, 280.638667, 267.026641 ] }, { "date": "2026-01-30", "close": 313.068861, "volume": 2095686, "typical_volume": 1553778.25, "trend": 252.588687, "fair_value": 177.498167, "relative_strength": 30.354659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.863785, "energy": 78.42566, "activity_lines": [ 315.178718, 304.555799, 285.135332, 271.168695 ] }, { "date": "2026-02-06", "close": 305.479373, "volume": 1942439, "typical_volume": 1580058.3, "trend": 255.94071, "fair_value": 178.390858, "relative_strength": 26.450824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.762489, "energy": 65.411919, "activity_lines": [ 313.284846, 306.455671, 288.5426, 274.580997 ] }, { "date": "2026-02-13", "close": 329.767733, "volume": 3202150, "typical_volume": 1686109.2, "trend": 259.935704, "fair_value": 179.434824, "relative_strength": 36.765319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.026501, "energy": 65.558858, "activity_lines": [ 318.377169, 312.104926, 293.964781, 279.344031 ] }, { "date": "2026-02-20", "close": 287.670576, "volume": 2203283, "typical_volume": 1739601.8, "trend": 262.333489, "fair_value": 180.261783, "relative_strength": 17.104188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.990791, "energy": 39.074276, "activity_lines": [ 307.986537, 309.071131, 294.945553, 281.133378 ] }, { "date": "2026-02-27", "close": 306.169838, "volume": 2057801, "typical_volume": 1800866.3, "trend": 265.638205, "fair_value": 181.194643, "relative_strength": 24.2175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.281311, "energy": 31.510346, "activity_lines": [ 306.324153, 309.213941, 297.475509, 283.961529 ] }, { "date": "2026-03-06", "close": 285.760515, "volume": 1788023, "typical_volume": 1844878.9, "trend": 268.121298, "fair_value": 182.100894, "relative_strength": 17.374592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.905256, "energy": 20.88389, "activity_lines": [ 298.767233, 305.153263, 297.702604, 285.259743 ] }, { "date": "2026-03-13", "close": 271.940974, "volume": 1928488, "typical_volume": 1882481.65, "trend": 269.896771, "fair_value": 182.990109, "relative_strength": 12.697067, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.806517, "energy": 18.709535, "activity_lines": [ 288.424355, 298.767022, 296.374574, 285.506173 ] }, { "date": "2026-03-20", "close": 278.160767, "volume": 2103214, "typical_volume": 1933175.35, "trend": 271.671592, "fair_value": 183.897607, "relative_strength": 16.605723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.895864, "energy": 16.698299, "activity_lines": [ 282.390635, 293.818735, 295.48797, 286.039334 ] }, { "date": "2026-03-27", "close": 268.971072, "volume": 1826300, "typical_volume": 1921440.55, "trend": 273.14409, "fair_value": 184.709493, "relative_strength": 14.609869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.300948, "energy": 21.93324, "activity_lines": [ 276.734148, 287.742293, 293.534604, 285.865107 ] }, { "date": "2026-04-03", "close": 265.501188, "volume": 1193434, "typical_volume": 1896638.1, "trend": 274.318944, "fair_value": 185.52937, "relative_strength": 8.776258, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.666274, "energy": 29.755532, "activity_lines": [ 271.167666, 282.073634, 291.204399, 285.372017 ] }, { "date": "2026-04-10", "close": 285.350529, "volume": 1922501, "typical_volume": 1918370.75, "trend": 275.96113, "fair_value": 186.451441, "relative_strength": 12.141371, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.563344, "energy": 23.523605, "activity_lines": [ 274.928875, 281.001168, 290.73028, 286.083732 ] }, { "date": "2026-04-17", "close": 294.970209, "volume": 1831781, "typical_volume": 1962676.5, "trend": 277.698663, "fair_value": 187.427297, "relative_strength": 10.259694, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.867462, "energy": 11.058639, "activity_lines": [ 281.923976, 282.181705, 291.036618, 287.310124 ] }, { "date": "2026-04-24", "close": 287.43046, "volume": 1638864, "typical_volume": 1989354.95, "trend": 279.312524, "fair_value": 188.344958, "relative_strength": 6.304518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.983017, "energy": 10.364248, "activity_lines": [ 284.870545, 282.182454, 290.50032, 287.937982 ] }, { "date": "2026-05-01", "close": 289.91873, "volume": 1931209, "typical_volume": 1941870.0, "trend": 280.876008, "fair_value": 189.29644, "relative_strength": 5.734211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.914953, "energy": 16.246414, "activity_lines": [ 288.028558, 283.405385, 290.133101, 288.622253 ] }, { "date": "2026-05-08", "close": 301.602335, "volume": 1586390, "typical_volume": 1876204.7, "trend": 283.237568, "fair_value": 190.323778, "relative_strength": 6.98974, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.179715, "energy": 22.68762, "activity_lines": [ 293.684595, 286.711731, 290.818951, 289.959436 ] }, { "date": "2026-05-15", "close": 292.757214, "volume": 1228623, "typical_volume": 1870052.0, "trend": 285.143642, "fair_value": 191.294672, "relative_strength": 3.198661, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.904858, "energy": 15.961083, "activity_lines": [ 293.985515, 288.49292, 290.555118, 290.573607 ] }, { "date": "2026-05-22", "close": 300.77564, "volume": 1393212, "typical_volume": 1845772.25, "trend": 287.161347, "fair_value": 192.311457, "relative_strength": 4.583416, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.829554, "energy": 23.768401, "activity_lines": [ 296.465465, 291.604791, 291.070625, 291.582123 ] }, { "date": "2026-05-29", "close": 301.662149, "volume": 1476642, "typical_volume": 1818119.25, "trend": 289.285593, "fair_value": 193.308237, "relative_strength": 2.892136, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.80893, "energy": 30.246773, "activity_lines": [ 298.85389, 294.353579, 291.613679, 292.517658 ] }, { "date": "2026-06-05", "close": 335.48895, "volume": 2107046, "typical_volume": 1844708.85, "trend": 291.827475, "fair_value": 194.510517, "relative_strength": 16.515997, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.628403, "energy": 58.557112, "activity_lines": [ 311.569135, 302.825397, 295.408557, 295.49852 ] }, { "date": "2026-06-12", "close": 353.229095, "volume": 1906317, "typical_volume": 1868170.15, "trend": 294.992026, "fair_value": 195.824786, "relative_strength": 20.982021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.114763, "energy": 79.253274, "activity_lines": [ 327.159748, 313.31328, 300.848254, 299.459915 ] }, { "date": "2026-06-19", "close": 351.515841, "volume": 1332723, "typical_volume": 1830022.0, "trend": 298.147466, "fair_value": 197.162473, "relative_strength": 18.381337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.38786, "energy": 82.770835, "activity_lines": [ 338.737492, 321.894609, 305.96559, 303.106612 ] }, { "date": "2026-06-26", "close": 340.638672, "volume": 1484055, "typical_volume": 1807102.8, "trend": 300.541693, "fair_value": 198.385848, "relative_strength": 16.708206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.114149, "energy": 79.450666, "activity_lines": [ 342.772271, 327.295265, 309.863925, 305.847981 ] }, { "date": "2026-07-03", "close": 344.6, "volume": 1548207, "typical_volume": 1724405.65, "trend": 302.922641, "fair_value": 199.632118, "relative_strength": 14.806691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.696866, "energy": 78.458003, "activity_lines": [ 345.469957, 332.585827, 313.972104, 308.690452 ] }, { "date": "2026-07-10", "close": 366.41, "volume": 1229191, "typical_volume": 1675701.05, "trend": 305.889932, "fair_value": 200.981168, "relative_strength": 19.554937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.698098, "energy": 81.70597, "activity_lines": [ 352.57512, 340.802397, 320.086795, 312.786411 ] }, { "date": "2026-07-17", "close": 369.83, "volume": 1007103, "typical_volume": 1623166.15, "trend": 308.915227, "fair_value": 202.313257, "relative_strength": 21.645417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.156627, "energy": 77.018671, "activity_lines": [ 358.758879, 348.250036, 326.152251, 316.911576 ] }, { "date": "2026-07-24", "close": 358.29, "volume": 1806539, "typical_volume": 1624091.95, "trend": 310.989894, "fair_value": 203.72531, "relative_strength": 17.756012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.512379, "energy": 63.318163, "activity_lines": [ 359.989245, 352.358989, 330.815516, 320.097045 ] }, { "date": "2026-07-31", "close": 366.73, "volume": 1254334, "typical_volume": 1590384.25, "trend": 313.586544, "fair_value": 205.181087, "relative_strength": 18.370309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.405298, "energy": 66.198834, "activity_lines": [ 363.581333, 356.810983, 335.937213, 323.693181 ] }, { "date": "2026-08-07", "close": 369.7, "volume": 1137303, "typical_volume": 1542088.7, "trend": 315.642904, "fair_value": 206.692163, "relative_strength": 14.522439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.858876, "energy": 57.36487, "activity_lines": [ 366.424, 360.603806, 340.890389, 327.313404 ] } ], "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." } } }