{ "ticker": { "uuid": "48506271-4daf-45fa-9e8d-5ad8b16e4f11", "symbol": "AMTG", "name": "American Tower Corporation", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 71.395, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -48.0, "architecture_energy": 25.936, "architecture_maturity": 10.222, "architecture_confidence": 82.425, "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": 48.72, "rotation_up": 15.8, "upward_expansion": 2.07, "deceleration": 53.55, "rotation_down": 48.27, "downward_expansion": 73.07 }, "activity_lines": [ 149.21667, 150.171461, 151.824134, 152.133728 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 149.850006, "trend_reference": 152.386087, "distance_from_trend": -0.016642, "trend_direction": "Improving", "fair_value": 166.593318, "distance_from_fair_value": -0.100504, "fair_value_direction": "Improving", "relative_strength": -21.156204, "relative_strength_direction": "Improving", "price_momentum": 0.053444, "excess_performance": -0.120803, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.016642, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.008565, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.100504, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.004309, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.211562, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011948, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.053444, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.333333, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 3.333333, "dry_up": 0.581395, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.051367, "annualized_volatility": 0.273907, "from_high_reference": -0.148134, "from_low_reference": 0.061637 }, "levels": { "trend_reference": 152.386087, "fair_value_reference": 166.593318, "structural_low": 141.149994, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.002242, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.038484, "regime_survival": 0.0, "best_return": 0.108782, "worst_return": -0.042604, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.123229, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.08109, "regime_survival": 0.0, "best_return": 0.211056, "worst_return": -0.031945, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.14747, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.080356, "regime_survival": 0.0, "best_return": 0.312125, "worst_return": -0.10375, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.136076, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.1675, "regime_survival": 0.0, "best_return": 0.252707, "worst_return": 0.019444, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-10-11", "tenure": "Developing", "return": -0.059738, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-12-20", "tenure": "Developing", "return": -0.142981, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-03", "tenure": "New", "return": 0.020009, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-02-28", "tenure": "Developing", "return": 0.1492, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.005488, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-21", "end": "2025-04-25", "tenure": "Developing", "return": -0.069105, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-08-22", "tenure": "Established", "return": -0.06551, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-29", "end": "2026-02-13", "tenure": "Established", "return": -0.046212, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": 0.02966, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.03909, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-06-05", "tenure": "Developing", "return": 0.140557, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": -0.108463, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": -0.010674, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.001671, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 145.959106, "volume": 0, "typical_volume": 0.55, "trend": 161.552536, "fair_value": 183.107164, "relative_strength": -15.542364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.280324, "energy": 51.793186, "activity_lines": [ 150.688133, 152.778609, 154.926399, 157.399469 ] }, { "date": "2023-08-25", "close": 148.474838, "volume": 0, "typical_volume": 0.55, "trend": 160.53617, "fair_value": 182.956976, "relative_strength": -12.646075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.102027, "energy": 62.341224, "activity_lines": [ 149.756694, 151.73146, 154.072009, 156.555746 ] }, { "date": "2023-09-01", "close": 150.451538, "volume": 0, "typical_volume": 0.55, "trend": 159.563611, "fair_value": 182.803763, "relative_strength": -12.580956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.683673, "energy": 57.110675, "activity_lines": [ 149.499132, 151.217692, 153.489028, 155.905125 ] }, { "date": "2023-09-08", "close": 152.428223, "volume": 0, "typical_volume": 0.55, "trend": 158.732026, "fair_value": 182.64992, "relative_strength": -9.765912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.733012, "energy": 45.710966, "activity_lines": [ 150.295799, 151.125397, 153.179759, 155.444777 ] }, { "date": "2023-09-15", "close": 152.787582, "volume": 0, "typical_volume": 0.55, "trend": 158.055522, "fair_value": 182.528708, "relative_strength": -9.835173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.184231, "energy": 30.782233, "activity_lines": [ 151.19428, 151.203808, 152.965917, 155.061265 ] }, { "date": "2023-09-22", "close": 141.915909, "volume": 0, "typical_volume": 0.55, "trend": 157.268676, "fair_value": 182.342298, "relative_strength": -14.684985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.308689, "energy": 44.17889, "activity_lines": [ 148.49283, 149.418271, 151.775321, 154.019999 ] }, { "date": "2023-09-29", "close": 140.298615, "volume": 0, "typical_volume": 0.55, "trend": 156.337819, "fair_value": 182.137763, "relative_strength": -15.054425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.161803, "energy": 55.427602, "activity_lines": [ 145.521829, 147.610676, 150.506549, 152.925157 ] }, { "date": "2023-10-06", "close": 134.18895, "volume": 8, "typical_volume": 0.95, "trend": 155.442988, "fair_value": 181.889515, "relative_strength": -16.757417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.271657, "energy": 84.001626, "activity_lines": [ 141.059355, 144.844976, 148.760236, 151.496197 ] }, { "date": "2023-10-13", "close": 144.526886, "volume": 0, "typical_volume": 0.95, "trend": 154.630108, "fair_value": 181.709676, "relative_strength": -10.608467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.115407, "energy": 74.21708, "activity_lines": [ 141.127032, 144.362403, 148.10944, 150.791933 ] }, { "date": "2023-10-20", "close": 137.716019, "volume": 0, "typical_volume": 0.95, "trend": 153.878168, "fair_value": 181.525613, "relative_strength": -11.186056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.167513, "energy": 77.256861, "activity_lines": [ 139.451175, 142.780249, 146.836304, 149.700701 ] }, { "date": "2023-10-27", "close": 147.024216, "volume": 0, "typical_volume": 0.9, "trend": 153.291044, "fair_value": 181.415238, "relative_strength": -4.271116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.373885, "energy": 45.445001, "activity_lines": [ 141.882822, 143.171058, 146.549331, 149.258511 ] }, { "date": "2023-11-03", "close": 163.007065, "volume": 20, "typical_volume": 1.9, "trend": 153.193399, "fair_value": 181.37473, "relative_strength": 0.853489, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -2.122874, "energy": 11.734626, "activity_lines": [ 149.301531, 146.448474, 147.825459, 149.885351 ] }, { "date": "2023-11-10", "close": 154.6978, "volume": 0, "typical_volume": 1.9, "trend": 152.73674, "fair_value": 181.282563, "relative_strength": -4.404645, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -11.798296, "energy": 21.595371, "activity_lines": [ 152.436589, 147.950892, 148.286594, 149.982409 ] }, { "date": "2023-11-17", "close": 165.731415, "volume": 132, "typical_volume": 8.5, "trend": 152.751762, "fair_value": 181.278942, "relative_strength": 0.436871, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.152827, "energy": 43.1197, "activity_lines": [ 157.882261, 151.382218, 149.794588, 150.820775 ] }, { "date": "2023-11-24", "close": 165.050339, "volume": 0, "typical_volume": 8.5, "trend": 152.75002, "fair_value": 181.297282, "relative_strength": 0.89495, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.743318, "energy": 55.848478, "activity_lines": [ 161.687273, 154.447835, 151.201964, 151.614232 ] }, { "date": "2023-12-01", "close": 175.402863, "volume": 54, "typical_volume": 10.7, "trend": 153.335286, "fair_value": 181.423079, "relative_strength": 5.352065, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 58.693525, "energy": 77.080127, "activity_lines": [ 167.120839, 159.172769, 153.566423, 153.075705 ] }, { "date": "2023-12-08", "close": 177.491547, "volume": 0, "typical_volume": 10.7, "trend": 153.844724, "fair_value": 181.606892, "relative_strength": 6.565106, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 84.174274, "energy": 89.904556, "activity_lines": [ 171.358722, 163.668611, 156.04158, 154.634174 ] }, { "date": "2023-12-15", "close": 175.993179, "volume": 0, "typical_volume": 10.7, "trend": 154.461542, "fair_value": 181.77136, "relative_strength": 4.302295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.789628, "energy": 87.071457, "activity_lines": [ 174.131518, 167.215787, 158.23693, 156.063106 ] }, { "date": "2023-12-22", "close": 177.673141, "volume": 0, "typical_volume": 10.7, "trend": 155.382219, "fair_value": 181.938893, "relative_strength": 4.316312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.833281, "energy": 88.709744, "activity_lines": [ 176.044608, 170.308334, 160.498888, 157.560629 ] }, { "date": "2023-12-29", "close": 180.146561, "volume": 0, "typical_volume": 10.7, "trend": 156.098893, "fair_value": 182.118348, "relative_strength": 5.122829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.393971, "energy": 87.864641, "activity_lines": [ 177.986058, 173.247935, 162.874911, 159.158328 ] }, { "date": "2024-01-05", "close": 179.642715, "volume": 0, "typical_volume": 10.7, "trend": 156.899698, "fair_value": 182.293065, "relative_strength": 5.075345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.999866, "energy": 80.192439, "activity_lines": [ 178.753143, 175.324463, 165.074381, 160.677285 ] }, { "date": "2024-01-12", "close": 175.291367, "volume": 10, "typical_volume": 11.2, "trend": 157.47462, "fair_value": 182.445491, "relative_strength": 3.720643, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.831255, "energy": 62.767399, "activity_lines": [ 177.787123, 176.016773, 166.699037, 161.863844 ] }, { "date": "2024-01-19", "close": 171.627045, "volume": 20, "typical_volume": 12.2, "trend": 158.066662, "fair_value": 182.557406, "relative_strength": 3.30863, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.207679, "energy": 50.101797, "activity_lines": [ 175.74634, 175.819491, 167.847013, 162.776904 ] }, { "date": "2024-01-26", "close": 167.642105, "volume": 0, "typical_volume": 12.2, "trend": 158.380618, "fair_value": 182.624169, "relative_strength": -2.164714, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.846243, "energy": 37.935899, "activity_lines": [ 172.66832, 174.589871, 168.514636, 163.394674 ] }, { "date": "2024-02-02", "close": 163.107544, "volume": 0, "typical_volume": 12.2, "trend": 158.517964, "fair_value": 182.624803, "relative_strength": -4.188287, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.699629, "energy": 32.965059, "activity_lines": [ 168.747515, 172.501045, 168.677948, 163.699637 ] }, { "date": "2024-02-09", "close": 163.290756, "volume": 0, "typical_volume": 12.2, "trend": 158.731799, "fair_value": 182.671213, "relative_strength": -1.633369, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.694316, "energy": 33.945737, "activity_lines": [ 166.023715, 170.480854, 168.809566, 164.007559 ] }, { "date": "2024-02-16", "close": 158.710358, "volume": 3, "typical_volume": 12.35, "trend": 159.065495, "fair_value": 182.67889, "relative_strength": -5.625947, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.112727, "energy": 36.87932, "activity_lines": [ 162.863247, 167.848083, 168.403171, 164.006176 ] }, { "date": "2024-02-23", "close": 161.183762, "volume": 0, "typical_volume": 11.95, "trend": 159.225569, "fair_value": 182.729355, "relative_strength": -3.525187, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.16282, "energy": 34.980024, "activity_lines": [ 161.632647, 166.006499, 168.144663, 164.142838 ] }, { "date": "2024-03-01", "close": 168.237564, "volume": 13, "typical_volume": 12.6, "trend": 159.761533, "fair_value": 182.906377, "relative_strength": 0.794184, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.563709, "energy": 22.857159, "activity_lines": [ 163.449533, 165.716686, 168.429399, 164.724257 ] }, { "date": "2024-03-08", "close": 173.87146, "volume": 0, "typical_volume": 12.6, "trend": 160.452349, "fair_value": 183.05121, "relative_strength": 3.979402, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.883727, "energy": 20.412211, "activity_lines": [ 167.104688, 166.622773, 169.137789, 165.634575 ] }, { "date": "2024-03-15", "close": 166.451233, "volume": 0, "typical_volume": 12.6, "trend": 161.13542, "fair_value": 183.103228, "relative_strength": -1.178381, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.124573, "energy": 21.256027, "activity_lines": [ 167.568839, 166.293822, 168.967322, 166.0216 ] }, { "date": "2024-03-22", "close": 163.794617, "volume": 0, "typical_volume": 11.6, "trend": 161.646079, "fair_value": 183.092106, "relative_strength": -5.007877, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.599408, "energy": 19.929871, "activity_lines": [ 166.936752, 165.721694, 168.451334, 166.193161 ] }, { "date": "2024-03-29", "close": 166.817657, "volume": 15, "typical_volume": 12.35, "trend": 162.191616, "fair_value": 183.071166, "relative_strength": -4.096227, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.042378, "energy": 19.35693, "activity_lines": [ 166.973396, 165.908242, 168.219504, 166.526811 ] }, { "date": "2024-04-05", "close": 161.339478, "volume": 0, "typical_volume": 5.75, "trend": 162.488658, "fair_value": 183.016725, "relative_strength": -7.806096, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.205181, "energy": 11.625101, "activity_lines": [ 164.808386, 165.1862, 167.40823, 166.471835 ] }, { "date": "2024-04-12", "close": 155.222687, "volume": 0, "typical_volume": 5.75, "trend": 162.569828, "fair_value": 182.891421, "relative_strength": -10.726554, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.726285, "energy": 46.78998, "activity_lines": [ 161.064319, 163.466608, 166.035317, 166.003062 ] }, { "date": "2024-04-19", "close": 149.118835, "volume": 0, "typical_volume": 3.05, "trend": 162.809926, "fair_value": 182.70531, "relative_strength": -13.511404, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.3642, "energy": 71.707978, "activity_lines": [ 156.528886, 160.780586, 164.127884, 165.135256 ] }, { "date": "2024-04-26", "close": 149.525757, "volume": 0, "typical_volume": 3.05, "trend": 163.117497, "fair_value": 182.534815, "relative_strength": -13.259583, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.031244, "energy": 78.299765, "activity_lines": [ 153.284587, 158.426221, 162.384368, 164.278213 ] }, { "date": "2024-05-03", "close": 156.036545, "volume": 0, "typical_volume": 3.05, "trend": 163.845751, "fair_value": 182.438576, "relative_strength": -10.358989, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.881304, "energy": 80.55816, "activity_lines": [ 153.161807, 157.422628, 161.394097, 163.821377 ] }, { "date": "2024-05-10", "close": 158.256119, "volume": 5, "typical_volume": 3.3, "trend": 164.303392, "fair_value": 182.353856, "relative_strength": -11.154707, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.548078, "energy": 70.271253, "activity_lines": [ 154.497627, 156.91618, 160.710245, 163.460756 ] }, { "date": "2024-05-17", "close": 165.340286, "volume": 0, "typical_volume": 3.3, "trend": 165.224201, "fair_value": 182.30208, "relative_strength": -8.551389, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.544567, "energy": 26.763645, "activity_lines": [ 158.400393, 157.879243, 160.793538, 163.527652 ] }, { "date": "2024-05-24", "close": 158.700043, "volume": 0, "typical_volume": 3.3, "trend": 165.613395, "fair_value": 182.177929, "relative_strength": -11.926975, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.518471, "energy": 21.39335, "activity_lines": [ 159.415238, 157.790102, 160.314933, 163.106739 ] }, { "date": "2024-05-31", "close": 166.450089, "volume": 56, "typical_volume": 5.6, "trend": 165.728162, "fair_value": 182.070937, "relative_strength": -5.950573, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.868258, "energy": 20.173148, "activity_lines": [ 162.374684, 159.25099, 160.674155, 163.160719 ] }, { "date": "2024-06-07", "close": 166.579559, "volume": 0, "typical_volume": 4.6, "trend": 166.124221, "fair_value": 181.939844, "relative_strength": -4.972763, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.387298, "energy": 21.714239, "activity_lines": [ 164.248998, 160.687137, 161.087809, 163.215648 ] }, { "date": "2024-06-14", "close": 171.800568, "volume": 0, "typical_volume": 4.6, "trend": 166.326526, "fair_value": 181.81355, "relative_strength": 1.492008, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.874073, "energy": 36.02585, "activity_lines": [ 167.160781, 163.076888, 162.022737, 163.581864 ] }, { "date": "2024-06-21", "close": 169.691559, "volume": 0, "typical_volume": 4.6, "trend": 166.481233, "fair_value": 181.69009, "relative_strength": -1.2262, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.74459, "energy": 42.597672, "activity_lines": [ 168.466598, 164.892981, 162.737005, 163.798963 ] }, { "date": "2024-06-28", "close": 169.467606, "volume": 0, "typical_volume": 4.6, "trend": 166.283391, "fair_value": 181.52104, "relative_strength": -1.718458, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.250786, "energy": 48.182782, "activity_lines": [ 169.407678, 166.405284, 163.398591, 163.991632 ] }, { "date": "2024-07-05", "close": 167.974487, "volume": 0, "typical_volume": 4.45, "trend": 165.966156, "fair_value": 181.326066, "relative_strength": -4.968467, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.587313, "energy": 44.392369, "activity_lines": [ 169.133215, 167.276134, 163.888563, 164.100735 ] }, { "date": "2024-07-12", "close": 179.247452, "volume": 19, "typical_volume": 5.4, "trend": 166.074632, "fair_value": 181.172829, "relative_strength": 1.522512, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 56.878674, "energy": 61.024646, "activity_lines": [ 172.514781, 169.861183, 165.408035, 164.957593 ] }, { "date": "2024-07-19", "close": 180.591248, "volume": 0, "typical_volume": 4.75, "trend": 166.171902, "fair_value": 181.015124, "relative_strength": 3.124732, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.73359, "energy": 70.986663, "activity_lines": [ 175.499752, 172.268541, 166.96947, 165.894149 ] }, { "date": "2024-07-26", "close": 182.345612, "volume": 0, "typical_volume": 4.75, "trend": 166.245204, "fair_value": 180.870844, "relative_strength": 4.085995, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.306897, "energy": 85.256436, "activity_lines": [ 178.483466, 174.588781, 168.63916, 166.937614 ] }, { "date": "2024-08-02", "close": 199.329742, "volume": 133, "typical_volume": 11.4, "trend": 166.901438, "fair_value": 180.841979, "relative_strength": 18.019345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.265788, "energy": 97.18686, "activity_lines": [ 186.284953, 179.687858, 171.886033, 169.0721 ] }, { "date": "2024-08-09", "close": 190.977631, "volume": 223, "typical_volume": 22.55, "trend": 167.424313, "fair_value": 180.76666, "relative_strength": 11.760075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.58706, "energy": 89.54597, "activity_lines": [ 189.311594, 182.529647, 174.180903, 170.625403 ] }, { "date": "2024-08-16", "close": 186.022385, "volume": 0, "typical_volume": 21.8, "trend": 167.904158, "fair_value": 180.602342, "relative_strength": 6.695062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.720635, "energy": 86.407546, "activity_lines": [ 189.152943, 184.024526, 175.874402, 171.825279 ] }, { "date": "2024-08-23", "close": 188.551346, "volume": 56, "typical_volume": 24.6, "trend": 168.601133, "fair_value": 180.497298, "relative_strength": 6.181697, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.193335, "energy": 82.02682, "activity_lines": [ 189.385617, 185.625711, 177.717303, 173.157355 ] }, { "date": "2024-08-30", "close": 187.338211, "volume": 0, "typical_volume": 24.6, "trend": 169.408822, "fair_value": 180.317974, "relative_strength": 4.243348, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.959683, "energy": 60.966473, "activity_lines": [ 188.68324, 186.701767, 179.315087, 174.366199 ] }, { "date": "2024-09-06", "close": 197.883255, "volume": 0, "typical_volume": 24.6, "trend": 170.561905, "fair_value": 180.218785, "relative_strength": 14.370648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.173545, "energy": 66.395443, "activity_lines": [ 191.163037, 189.374254, 181.76423, 176.203259 ] }, { "date": "2024-09-13", "close": 199.842972, "volume": 0, "typical_volume": 24.6, "trend": 171.932992, "fair_value": 180.127251, "relative_strength": 14.477874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.298954, "energy": 68.881386, "activity_lines": [ 194.392506, 191.886406, 184.167801, 178.09236 ] }, { "date": "2024-09-20", "close": 195.130371, "volume": 0, "typical_volume": 24.6, "trend": 173.064546, "fair_value": 180.063836, "relative_strength": 10.987544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.961305, "energy": 60.979268, "activity_lines": [ 195.460085, 192.962295, 185.882947, 179.588965 ] }, { "date": "2024-09-27", "close": 194.430466, "volume": 0, "typical_volume": 24.35, "trend": 173.937643, "fair_value": 180.043014, "relative_strength": 9.218694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.776261, "energy": 59.444157, "activity_lines": [ 195.687163, 193.622147, 187.345275, 180.967412 ] }, { "date": "2024-10-04", "close": 189.484543, "volume": 0, "typical_volume": 24.35, "trend": 174.458079, "fair_value": 180.007477, "relative_strength": 7.17822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.426337, "energy": 49.227503, "activity_lines": [ 193.873659, 193.131119, 188.164303, 181.970438 ] }, { "date": "2024-10-11", "close": 187.422195, "volume": 0, "typical_volume": 24.35, "trend": 175.157111, "fair_value": 179.933509, "relative_strength": 5.603378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.666714, "energy": 32.885302, "activity_lines": [ 191.229617, 192.135319, 188.671945, 182.806832 ] }, { "date": "2024-10-18", "close": 195.662582, "volume": 48, "typical_volume": 23.95, "trend": 176.219376, "fair_value": 179.858652, "relative_strength": 9.494441, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.371193, "energy": 32.121952, "activity_lines": [ 192.029775, 192.854273, 189.827613, 184.129766 ] }, { "date": "2024-10-25", "close": 194.439713, "volume": 0, "typical_volume": 23.95, "trend": 177.140111, "fair_value": 179.775407, "relative_strength": 9.915089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.45832, "energy": 28.397583, "activity_lines": [ 192.701002, 193.265705, 190.727711, 185.305272 ] }, { "date": "2024-11-01", "close": 184.336746, "volume": 48, "typical_volume": 26.35, "trend": 177.906687, "fair_value": 179.64165, "relative_strength": 5.770562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.280101, "energy": 18.382132, "activity_lines": [ 190.050617, 191.687193, 190.532954, 185.769571 ] }, { "date": "2024-11-08", "close": 175.870575, "volume": 48, "typical_volume": 28.75, "trend": 178.59495, "fair_value": 179.462941, "relative_strength": 0.251096, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.102654, "energy": 12.904547, "activity_lines": [ 185.25109, 188.646006, 189.472198, 185.638209 ] }, { "date": "2024-11-15", "close": 173.970383, "volume": 0, "typical_volume": 28.75, "trend": 179.423335, "fair_value": 179.323022, "relative_strength": -0.926069, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.090661, "energy": 29.412033, "activity_lines": [ 180.725764, 185.467831, 188.201048, 185.339849 ] }, { "date": "2024-11-22", "close": 184.449631, "volume": 0, "typical_volume": 28.75, "trend": 180.587464, "fair_value": 179.221229, "relative_strength": 5.670767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.549716, "energy": 24.931331, "activity_lines": [ 180.590308, 184.629754, 187.90648, 185.664127 ] }, { "date": "2024-11-29", "close": 186.650848, "volume": 3, "typical_volume": 27.95, "trend": 181.607941, "fair_value": 179.132999, "relative_strength": 6.737979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.277742, "energy": 20.793003, "activity_lines": [ 181.936121, 184.471777, 187.743099, 186.055313 ] }, { "date": "2024-12-06", "close": 183.885223, "volume": 0, "typical_volume": 27.95, "trend": 182.462244, "fair_value": 178.984838, "relative_strength": 3.939127, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.185701, "energy": 15.469231, "activity_lines": [ 182.879316, 183.965133, 187.28107, 186.202234 ] }, { "date": "2024-12-13", "close": 177.676712, "volume": 3, "typical_volume": 28.1, "trend": 182.873458, "fair_value": 178.75961, "relative_strength": -1.201278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.725108, "energy": 16.50306, "activity_lines": [ 181.783109, 182.5214, 186.212069, 185.89349 ] }, { "date": "2024-12-20", "close": 167.686615, "volume": 0, "typical_volume": 21.45, "trend": 183.173011, "fair_value": 178.47745, "relative_strength": -5.041539, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -49.809826, "energy": 36.977327, "activity_lines": [ 177.236461, 179.475973, 184.213864, 184.913694 ] }, { "date": "2024-12-27", "close": 165.104477, "volume": 10, "typical_volume": 10.8, "trend": 183.128157, "fair_value": 178.129681, "relative_strength": -7.305631, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.869867, "energy": 66.480881, "activity_lines": [ 172.248018, 176.319896, 182.120421, 183.747982 ] }, { "date": "2025-01-03", "close": 168.408081, "volume": 0, "typical_volume": 10.8, "trend": 183.189108, "fair_value": 177.914983, "relative_strength": -5.747744, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.894073, "energy": 78.6871, "activity_lines": [ 169.650454, 174.320076, 180.464814, 182.798299 ] }, { "date": "2025-01-10", "close": 162.503372, "volume": 69, "typical_volume": 11.45, "trend": 182.879201, "fair_value": 177.76496, "relative_strength": -8.815376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.129205, "energy": 85.299117, "activity_lines": [ 166.300837, 171.719974, 178.33073, 181.463736 ] }, { "date": "2025-01-17", "close": 175.262131, "volume": 0, "typical_volume": 11.45, "trend": 183.064887, "fair_value": 177.683495, "relative_strength": -4.825647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.973719, "energy": 70.838082, "activity_lines": [ 168.629597, 171.836618, 177.535805, 180.972312 ] }, { "date": "2025-01-24", "close": 167.800552, "volume": 0, "typical_volume": 11.45, "trend": 183.009319, "fair_value": 177.579555, "relative_strength": -10.238306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.084313, "energy": 48.924756, "activity_lines": [ 168.632136, 170.607673, 176.087758, 179.987516 ] }, { "date": "2025-01-31", "close": 170.38266, "volume": 55, "typical_volume": 14.2, "trend": 183.089591, "fair_value": 177.483347, "relative_strength": -9.190156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.279543, "energy": 42.146796, "activity_lines": [ 169.487782, 169.960381, 175.028877, 179.172893 ] }, { "date": "2025-02-07", "close": 173.45845, "volume": 0, "typical_volume": 14.2, "trend": 182.896624, "fair_value": 177.428353, "relative_strength": -7.767433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.385948, "energy": 28.513414, "activity_lines": [ 171.016812, 170.128087, 174.403216, 178.551529 ] }, { "date": "2025-02-14", "close": 172.661041, "volume": 58, "typical_volume": 17.1, "trend": 182.632284, "fair_value": 177.413446, "relative_strength": -12.638055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.397064, "energy": 28.255861, "activity_lines": [ 171.943348, 170.390672, 173.80481, 177.891169 ] }, { "date": "2025-02-21", "close": 174.407776, "volume": 0, "typical_volume": 17.1, "trend": 182.367689, "fair_value": 177.394303, "relative_strength": -10.829994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.482503, "energy": 21.135652, "activity_lines": [ 172.774951, 171.17492, 173.476425, 177.360555 ] }, { "date": "2025-02-28", "close": 186.748825, "volume": 58, "typical_volume": 20.0, "trend": 181.948326, "fair_value": 177.397495, "relative_strength": -6.625571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.400687, "energy": 13.776497, "activity_lines": [ 177.777194, 174.262431, 174.395171, 177.643209 ] }, { "date": "2025-03-07", "close": 183.350281, "volume": 66, "typical_volume": 20.9, "trend": 181.694081, "fair_value": 177.377247, "relative_strength": -11.065434, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.555833, "energy": 19.77909, "activity_lines": [ 180.383371, 176.385439, 174.993453, 177.733658 ] }, { "date": "2025-03-14", "close": 182.343994, "volume": 0, "typical_volume": 20.9, "trend": 181.571468, "fair_value": 177.329603, "relative_strength": -11.47362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.4888, "energy": 28.707052, "activity_lines": [ 181.789611, 177.993744, 175.554528, 177.775588 ] }, { "date": "2025-03-21", "close": 190.479614, "volume": 0, "typical_volume": 18.5, "trend": 181.635743, "fair_value": 177.351749, "relative_strength": -6.614513, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.811394, "energy": 51.680835, "activity_lines": [ 185.315354, 180.827872, 176.948023, 178.350307 ] }, { "date": "2025-03-28", "close": 188.134796, "volume": 0, "typical_volume": 16.1, "trend": 181.662296, "fair_value": 177.294097, "relative_strength": -5.834692, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.624599, "energy": 55.042748, "activity_lines": [ 186.871587, 182.727011, 178.08895, 178.769601 ] }, { "date": "2025-04-04", "close": 195.510956, "volume": 102, "typical_volume": 21.2, "trend": 181.583219, "fair_value": 177.19085, "relative_strength": 8.308334, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.197264, "energy": 62.121826, "activity_lines": [ 189.971405, 185.733222, 179.873967, 179.663063 ] }, { "date": "2025-04-11", "close": 176.569107, "volume": 0, "typical_volume": 21.2, "trend": 180.807424, "fair_value": 177.003516, "relative_strength": -1.110693, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.395333, "energy": 25.541419, "activity_lines": [ 186.173131, 184.791634, 179.752425, 179.339572 ] }, { "date": "2025-04-18", "close": 186.802231, "volume": 71, "typical_volume": 24.6, "trend": 180.529819, "fair_value": 176.842418, "relative_strength": -0.939417, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.560779, "energy": 23.921161, "activity_lines": [ 186.237977, 185.598133, 180.642992, 179.726333 ] }, { "date": "2025-04-25", "close": 177.316467, "volume": 0, "typical_volume": 24.6, "trend": 179.959353, "fair_value": 176.686486, "relative_strength": -9.393053, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 3.769849, "energy": 6.390251, "activity_lines": [ 182.843686, 184.437334, 180.629432, 179.51902 ] }, { "date": "2025-05-02", "close": 188.239487, "volume": 52, "typical_volume": 27.05, "trend": 179.917851, "fair_value": 176.626075, "relative_strength": -5.260875, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.984612, "energy": 21.704268, "activity_lines": [ 183.967944, 185.177895, 181.68744, 180.053223 ] }, { "date": "2025-05-09", "close": 186.380646, "volume": 0, "typical_volume": 27.05, "trend": 179.883132, "fair_value": 176.597269, "relative_strength": -10.355096, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.568925, "energy": 19.535091, "activity_lines": [ 184.46561, 185.328998, 182.518116, 180.470177 ] }, { "date": "2025-05-16", "close": 182.3564, "volume": 0, "typical_volume": 26.55, "trend": 179.439593, "fair_value": 176.511898, "relative_strength": -14.705654, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.575302, "energy": 14.727815, "activity_lines": [ 184.230547, 184.755115, 182.876512, 180.629743 ] }, { "date": "2025-05-23", "close": 177.431458, "volume": 0, "typical_volume": 26.55, "trend": 178.872651, "fair_value": 176.303204, "relative_strength": -15.9152, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.994222, "energy": 11.175563, "activity_lines": [ 181.968018, 183.303858, 182.683713, 180.500186 ] }, { "date": "2025-05-30", "close": 180.765839, "volume": 0, "typical_volume": 23.1, "trend": 178.753621, "fair_value": 176.080126, "relative_strength": -15.026228, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.33674, "energy": 10.20717, "activity_lines": [ 181.441667, 182.548172, 182.765506, 180.622327 ] }, { "date": "2025-06-06", "close": 179.251953, "volume": 0, "typical_volume": 23.1, "trend": 178.866334, "fair_value": 175.89114, "relative_strength": -15.981984, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.01801, "energy": 11.721241, "activity_lines": [ 180.180729, 181.693847, 182.616155, 180.654477 ] }, { "date": "2025-06-13", "close": 181.342163, "volume": 0, "typical_volume": 23.1, "trend": 179.11206, "fair_value": 175.794682, "relative_strength": -12.926116, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.309818, "energy": 12.024111, "activity_lines": [ 180.215697, 181.381067, 182.646873, 180.814208 ] }, { "date": "2025-06-20", "close": 183.334076, "volume": 0, "typical_volume": 20.35, "trend": 179.074874, "fair_value": 175.595786, "relative_strength": -11.3785, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.498064, "energy": 8.601292, "activity_lines": [ 181.250535, 181.688067, 182.802813, 181.086596 ] }, { "date": "2025-06-27", "close": 180.181808, "volume": 0, "typical_volume": 20.35, "trend": 178.85924, "fair_value": 175.402068, "relative_strength": -14.349344, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.301929, "energy": 6.146538, "activity_lines": [ 181.169439, 181.298928, 182.596864, 181.158011 ] }, { "date": "2025-07-04", "close": 181.554871, "volume": 0, "typical_volume": 17.45, "trend": 178.781561, "fair_value": 175.162756, "relative_strength": -12.880087, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.020871, "energy": 11.035507, "activity_lines": [ 181.362673, 181.279808, 182.489666, 181.331923 ] }, { "date": "2025-07-11", "close": 181.013382, "volume": 0, "typical_volume": 17.45, "trend": 178.892784, "fair_value": 174.88873, "relative_strength": -14.779571, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.023045, "energy": 10.575846, "activity_lines": [ 181.322809, 181.085174, 182.288546, 181.475912 ] }, { "date": "2025-07-18", "close": 186.428329, "volume": 0, "typical_volume": 14.55, "trend": 179.517507, "fair_value": 174.673126, "relative_strength": -12.002873, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.964379, "energy": 18.021934, "activity_lines": [ 182.970499, 182.006459, 182.571681, 181.962076 ] }, { "date": "2025-07-25", "close": 188.710327, "volume": 0, "typical_volume": 11.25, "trend": 180.304369, "fair_value": 174.397391, "relative_strength": -12.377528, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.105564, "energy": 40.150407, "activity_lines": [ 185.039776, 183.341787, 183.073675, 182.555161 ] }, { "date": "2025-08-01", "close": 177.957809, "volume": 54, "typical_volume": 13.95, "trend": 180.622693, "fair_value": 174.06082, "relative_strength": -14.596993, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.530718, "energy": 13.874409, "activity_lines": [ 183.166465, 182.606584, 182.526095, 182.40377 ] }, { "date": "2025-08-08", "close": 172.349518, "volume": 0, "typical_volume": 13.95, "trend": 180.950898, "fair_value": 173.66375, "relative_strength": -21.355507, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.277471, "energy": 25.714992, "activity_lines": [ 179.57199, 180.842123, 181.465279, 181.870017 ] }, { "date": "2025-08-15", "close": 169.932129, "volume": 0, "typical_volume": 13.95, "trend": 180.773231, "fair_value": 173.222732, "relative_strength": -23.95316, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -48.522036, "energy": 59.422588, "activity_lines": [ 175.785408, 178.79116, 180.260569, 181.159128 ] }, { "date": "2025-08-22", "close": 175.907883, "volume": 0, "typical_volume": 8.85, "trend": 181.043476, "fair_value": 172.863257, "relative_strength": -19.814854, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.595402, "energy": 66.754218, "activity_lines": [ 174.729495, 177.99615, 179.711658, 180.845235 ] }, { "date": "2025-08-29", "close": 166.818527, "volume": 0, "typical_volume": 8.85, "trend": 180.924671, "fair_value": 172.503259, "relative_strength": -20.655653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.573134, "energy": 80.271682, "activity_lines": [ 171.34516, 175.647334, 178.390442, 179.927496 ] }, { "date": "2025-09-05", "close": 163.724304, "volume": 0, "typical_volume": 5.3, "trend": 180.6002, "fair_value": 172.096648, "relative_strength": -21.190307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.941819, "energy": 83.471857, "activity_lines": [ 168.38887, 173.036215, 176.82097, 178.817795 ] }, { "date": "2025-09-12", "close": 161.693695, "volume": 0, "typical_volume": 5.3, "trend": 180.234622, "fair_value": 171.760147, "relative_strength": -22.32774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.902276, "energy": 82.779471, "activity_lines": [ 165.704611, 170.355122, 175.168001, 177.598021 ] }, { "date": "2025-09-19", "close": 158.928207, "volume": 0, "typical_volume": 2.7, "trend": 179.718636, "fair_value": 171.45864, "relative_strength": -22.686529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.721503, "energy": 87.142298, "activity_lines": [ 162.808911, 167.532325, 173.326046, 176.223413 ] }, { "date": "2025-09-26", "close": 160.301285, "volume": 0, "typical_volume": 2.7, "trend": 178.837051, "fair_value": 171.250179, "relative_strength": -21.807801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.053939, "energy": 84.603417, "activity_lines": [ 161.104498, 165.360727, 171.754439, 174.970681 ] }, { "date": "2025-10-03", "close": 159.011688, "volume": 0, "typical_volume": 2.7, "trend": 178.025765, "fair_value": 171.082657, "relative_strength": -23.471634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.114496, "energy": 83.515089, "activity_lines": [ 160.01066, 163.429694, 170.1842, 173.691625 ] }, { "date": "2025-10-10", "close": 157.292221, "volume": 0, "typical_volume": 2.7, "trend": 177.190706, "fair_value": 171.007317, "relative_strength": -22.216619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.740469, "energy": 78.822857, "activity_lines": [ 158.864121, 161.726006, 168.561367, 172.353977 ] }, { "date": "2025-10-17", "close": 158.620895, "volume": 25, "typical_volume": 3.95, "trend": 176.128749, "fair_value": 170.968135, "relative_strength": -19.355536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.396876, "energy": 59.403738, "activity_lines": [ 158.58928, 160.639634, 167.160976, 171.155925 ] }, { "date": "2025-10-24", "close": 159.832352, "volume": 0, "typical_volume": 3.95, "trend": 175.185334, "fair_value": 170.827222, "relative_strength": -19.549323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.775599, "energy": 54.582091, "activity_lines": [ 158.923111, 160.023137, 165.981414, 170.104545 ] }, { "date": "2025-10-31", "close": 151.547638, "volume": 5, "typical_volume": 4.2, "trend": 173.71989, "fair_value": 170.662417, "relative_strength": -25.27133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.724855, "energy": 64.48008, "activity_lines": [ 156.435094, 158.083961, 164.105306, 168.579532 ] }, { "date": "2025-11-07", "close": 149.867233, "volume": 0, "typical_volume": 4.2, "trend": 172.829827, "fair_value": 170.405095, "relative_strength": -24.641867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.331165, "energy": 68.399607, "activity_lines": [ 153.970519, 156.28217, 162.211038, 167.040651 ] }, { "date": "2025-11-14", "close": 152.661362, "volume": 0, "typical_volume": 4.2, "trend": 171.691798, "fair_value": 170.212596, "relative_strength": -24.197223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.891774, "energy": 66.322868, "activity_lines": [ 153.04695, 155.296609, 160.742243, 165.739459 ] }, { "date": "2025-11-21", "close": 152.680908, "volume": 15, "typical_volume": 4.95, "trend": 170.870613, "fair_value": 169.999154, "relative_strength": -22.440077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.445098, "energy": 72.623711, "activity_lines": [ 152.438621, 154.515745, 159.40636, 164.51295 ] }, { "date": "2025-11-28", "close": 152.993546, "volume": 0, "typical_volume": 4.95, "trend": 169.695748, "fair_value": 169.807661, "relative_strength": -24.923833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.788136, "energy": 62.336938, "activity_lines": [ 152.330503, 153.955594, 158.237747, 163.359591 ] }, { "date": "2025-12-05", "close": 150.961441, "volume": 0, "typical_volume": 4.95, "trend": 168.515108, "fair_value": 169.630389, "relative_strength": -26.21767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.484643, "energy": 57.831535, "activity_lines": [ 152.000938, 153.133872, 157.009027, 162.150926 ] }, { "date": "2025-12-12", "close": 151.410843, "volume": 0, "typical_volume": 4.95, "trend": 167.48359, "fair_value": 169.482965, "relative_strength": -25.631239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.216536, "energy": 54.677001, "activity_lines": [ 151.860253, 152.563674, 155.991998, 161.047425 ] }, { "date": "2025-12-19", "close": 144.943314, "volume": 0, "typical_volume": 2.25, "trend": 166.400652, "fair_value": 169.293072, "relative_strength": -29.952469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.274783, "energy": 63.852475, "activity_lines": [ 149.460818, 150.95576, 154.536631, 159.593214 ] }, { "date": "2025-12-26", "close": 143.868637, "volume": 0, "typical_volume": 2.25, "trend": 165.170745, "fair_value": 169.067524, "relative_strength": -30.024817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.846568, "energy": 69.791853, "activity_lines": [ 147.217693, 149.376975, 153.136125, 158.139536 ] }, { "date": "2026-01-02", "close": 147.50589, "volume": 0, "typical_volume": 2.25, "trend": 164.112543, "fair_value": 168.864159, "relative_strength": -29.01028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.965732, "energy": 59.352684, "activity_lines": [ 146.774471, 148.727732, 152.217647, 156.999868 ] }, { "date": "2026-01-09", "close": 142.563995, "volume": 0, "typical_volume": 2.25, "trend": 162.819937, "fair_value": 168.563148, "relative_strength": -31.427102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.036741, "energy": 68.503336, "activity_lines": [ 145.049794, 147.40408, 150.935304, 155.609639 ] }, { "date": "2026-01-16", "close": 155.729202, "volume": 0, "typical_volume": 2.25, "trend": 161.899775, "fair_value": 168.418725, "relative_strength": -25.345767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.476254, "energy": 41.897454, "activity_lines": [ 148.27335, 148.637441, 151.065571, 155.152172 ] }, { "date": "2026-01-23", "close": 148.909393, "volume": 60, "typical_volume": 5.25, "trend": 160.857361, "fair_value": 168.226056, "relative_strength": -28.647343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.898237, "energy": 29.406506, "activity_lines": [ 148.935745, 148.524255, 150.599139, 154.314083 ] }, { "date": "2026-01-30", "close": 147.565186, "volume": 0, "typical_volume": 5.25, "trend": 159.724371, "fair_value": 168.020523, "relative_strength": -29.738245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.936156, "energy": 28.979308, "activity_lines": [ 148.885666, 148.234886, 150.075234, 153.456523 ] }, { "date": "2026-02-06", "close": 142.247696, "volume": 0, "typical_volume": 5.25, "trend": 158.432182, "fair_value": 167.795343, "relative_strength": -32.313917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.388616, "energy": 36.673444, "activity_lines": [ 146.816653, 147.071713, 149.11218, 152.328996 ] }, { "date": "2026-02-13", "close": 159.109467, "volume": 0, "typical_volume": 5.25, "trend": 157.521553, "fair_value": 167.705771, "relative_strength": -23.155253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.749659, "energy": 9.546214, "activity_lines": [ 150.718778, 149.169696, 149.83444, 152.372691 ] }, { "date": "2026-02-20", "close": 156.618759, "volume": 46, "typical_volume": 7.55, "trend": 156.451834, "fair_value": 167.648703, "relative_strength": -26.144759, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.720374, "energy": 7.313903, "activity_lines": [ 152.687634, 150.666678, 150.325165, 152.314447 ] }, { "date": "2026-02-27", "close": 158.536209, "volume": 0, "typical_volume": 7.55, "trend": 155.804447, "fair_value": 167.5866, "relative_strength": -23.157421, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.927176, "energy": 16.865893, "activity_lines": [ 155.236337, 152.417597, 151.0099, 152.448922 ] }, { "date": "2026-03-06", "close": 161.264145, "volume": 16, "typical_volume": 7.1, "trend": 155.434935, "fair_value": 167.588076, "relative_strength": -16.955046, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.6424, "energy": 36.789049, "activity_lines": [ 158.052565, 154.417361, 151.948514, 152.801161 ] }, { "date": "2026-03-13", "close": 157.271088, "volume": 0, "typical_volume": 7.1, "trend": 155.0129, "fair_value": 167.513446, "relative_strength": -16.28611, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.827913, "energy": 44.566086, "activity_lines": [ 158.624509, 155.374832, 152.49425, 152.919623 ] }, { "date": "2026-03-20", "close": 151.123352, "volume": 0, "typical_volume": 6.85, "trend": 154.186749, "fair_value": 167.454787, "relative_strength": -17.809723, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.378392, "energy": 25.63165, "activity_lines": [ 156.145648, 155.036985, 152.466683, 152.668684 ] }, { "date": "2026-03-27", "close": 145.964005, "volume": 64, "typical_volume": 10.05, "trend": 153.491599, "fair_value": 167.335082, "relative_strength": -21.01479, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.454923, "energy": 10.67053, "activity_lines": [ 152.479413, 153.605449, 151.949771, 152.138184 ] }, { "date": "2026-04-03", "close": 147.545425, "volume": 0, "typical_volume": 10.05, "trend": 152.952303, "fair_value": 167.217191, "relative_strength": -21.820264, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.995007, "energy": 28.196522, "activity_lines": [ 150.050635, 152.638994, 151.602057, 151.75456 ] }, { "date": "2026-04-10", "close": 150.613693, "volume": 0, "typical_volume": 9.3, "trend": 152.582969, "fair_value": 167.103192, "relative_strength": -24.174419, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.926697, "energy": 30.008148, "activity_lines": [ 149.377331, 152.255205, 151.570921, 151.603682 ] }, { "date": "2026-04-17", "close": 151.642456, "volume": 0, "typical_volume": 9.3, "trend": 152.340111, "fair_value": 167.015767, "relative_strength": -24.557274, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.477608, "energy": 24.868022, "activity_lines": [ 149.756979, 152.003036, 151.647606, 151.543004 ] }, { "date": "2026-04-24", "close": 149.169479, "volume": 0, "typical_volume": 9.3, "trend": 151.969051, "fair_value": 166.913632, "relative_strength": -22.373522, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.198974, "energy": 25.631417, "activity_lines": [ 149.687544, 151.130421, 151.495203, 151.338447 ] }, { "date": "2026-05-01", "close": 153.126236, "volume": 0, "typical_volume": 9.3, "trend": 151.772869, "fair_value": 166.883384, "relative_strength": -19.988987, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.344468, "energy": 10.816111, "activity_lines": [ 151.067285, 151.157944, 151.728167, 151.413104 ] }, { "date": "2026-05-08", "close": 149.317856, "volume": 0, "typical_volume": 9.3, "trend": 151.507057, "fair_value": 166.800752, "relative_strength": -22.35101, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.6578, "energy": 5.547443, "activity_lines": [ 150.700084, 150.556534, 151.59026, 151.254716 ] }, { "date": "2026-05-15", "close": 144.075165, "volume": 0, "typical_volume": 9.3, "trend": 151.022199, "fair_value": 166.714769, "relative_strength": -24.036556, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.02861, "energy": 33.713953, "activity_lines": [ 148.467158, 149.169515, 150.932218, 150.775239 ] }, { "date": "2026-05-22", "close": 155.797043, "volume": 0, "typical_volume": 9.3, "trend": 150.887689, "fair_value": 166.75159, "relative_strength": -18.846338, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.22604, "energy": 9.114959, "activity_lines": [ 150.577426, 150.226272, 151.389561, 151.083294 ] }, { "date": "2026-05-29", "close": 157.676483, "volume": 0, "typical_volume": 9.3, "trend": 151.091984, "fair_value": 166.745373, "relative_strength": -19.352038, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.842259, "energy": 28.422467, "activity_lines": [ 153.037202, 151.651547, 151.986417, 151.52128 ] }, { "date": "2026-06-05", "close": 166.48027, "volume": 0, "typical_volume": 9.3, "trend": 151.645751, "fair_value": 166.815, "relative_strength": -13.265429, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.385317, "energy": 66.744894, "activity_lines": [ 157.86444, 154.558363, 153.349765, 152.514073 ] }, { "date": "2026-06-12", "close": 163.649994, "volume": 0, "typical_volume": 6.3, "trend": 152.012039, "fair_value": 166.850937, "relative_strength": -16.327515, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.194922, "energy": 73.828234, "activity_lines": [ 160.857983, 156.57756, 154.392368, 153.28854 ] }, { "date": "2026-06-19", "close": 154.350006, "volume": 0, "typical_volume": 6.3, "trend": 152.067676, "fair_value": 166.854041, "relative_strength": -23.454742, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.492161, "energy": 66.286074, "activity_lines": [ 159.796055, 156.61304, 154.479063, 153.439377 ] }, { "date": "2026-06-26", "close": 154.649994, "volume": 0, "typical_volume": 6.3, "trend": 152.122891, "fair_value": 166.831135, "relative_strength": -21.034611, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.197427, "energy": 57.71656, "activity_lines": [ 158.149133, 156.63513, 154.562021, 153.605978 ] }, { "date": "2026-07-03", "close": 145.600006, "volume": 0, "typical_volume": 6.3, "trend": 151.944176, "fair_value": 166.74532, "relative_strength": -26.576017, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 8.450057, "energy": 8.559872, "activity_lines": [ 153.562019, 154.957085, 153.724016, 153.185147 ] }, { "date": "2026-07-10", "close": 145.899994, "volume": 50, "typical_volume": 6.5, "trend": 151.760481, "fair_value": 166.674963, "relative_strength": -24.647621, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -15.517799, "energy": 25.875802, "activity_lines": [ 149.879999, 153.398483, 152.978912, 152.7952 ] }, { "date": "2026-07-17", "close": 149.899994, "volume": 0, "typical_volume": 6.5, "trend": 151.925704, "fair_value": 166.682658, "relative_strength": -20.196605, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.327747, "energy": 26.870841, "activity_lines": [ 148.903331, 152.69854, 152.665803, 152.675168 ] }, { "date": "2026-07-24", "close": 148.300003, "volume": 15, "typical_volume": 6.45, "trend": 152.073416, "fair_value": 166.630854, "relative_strength": -21.222897, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.414262, "energy": 32.488317, "activity_lines": [ 148.309999, 151.697105, 152.241438, 152.441252 ] }, { "date": "2026-07-31", "close": 149.600006, "volume": 0, "typical_volume": 6.45, "trend": 152.14322, "fair_value": 166.614452, "relative_strength": -19.669457, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.619296, "energy": 35.637686, "activity_lines": [ 148.553335, 150.855219, 152.002617, 152.281677 ] }, { "date": "2026-08-07", "close": 149.850006, "volume": 0, "typical_volume": 6.45, "trend": 152.386087, "fair_value": 166.593318, "relative_strength": -21.156204, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -48.000085, "energy": 25.935645, "activity_lines": [ 149.21667, 150.171461, 151.824134, 152.133728 ] } ], "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." } } }