{ "ticker": { "uuid": "485c645a-0725-4312-bdec-3c90aa1ee54b", "symbol": "WDAY", "name": "Workday Inc", "exchange": "NASDAQ", "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 54.651, "architecture_energy": 64.618, "architecture_maturity": 22.0, "architecture_confidence": 57.368, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 24.03, "rotation_up": 70.91, "upward_expansion": 60.38, "deceleration": 23.97, "rotation_down": 16.72, "downward_expansion": 21.04 }, "activity_lines": [ 158.272667, 147.27, 139.517524, 137.778366 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 179.64, "trend_reference": 140.936, "distance_from_trend": 0.274621, "trend_direction": "Weakening", "fair_value": 224.678878, "distance_from_fair_value": -0.200459, "fair_value_direction": "Improving", "relative_strength": -12.579283, "relative_strength_direction": "Improving", "price_momentum": 0.102627, "excess_performance": -0.084827, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.274621, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.156226, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.200459, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.247136, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.125793, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.355048, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.102627, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.676105, "read": "Demand-led" } ], "volume": { "latest": 16465014, "relative_activity": 0.688343, "balance": 1.676105, "dry_up": 0.924315, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.109236, "annualized_volatility": 0.634194, "from_high_reference": -0.281009, "from_low_reference": 0.627764 }, "levels": { "trend_reference": 140.936, "fair_value_reference": 224.678878, "structural_low": 110.36, "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": 3, "median_return": -0.003157, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.002926, "regime_survival": 0.333333, "best_return": 0.064923, "worst_return": -0.036593, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.062586, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.016995, "regime_survival": 0.0, "best_return": 0.094461, "worst_return": 0.030712, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.09355, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.060474, "regime_survival": 0.0, "best_return": -0.023515, "worst_return": -0.163584, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.244226, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.275819, "regime_survival": 0.0, "best_return": -0.106619, "worst_return": -0.381833, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-15", "end": "2024-04-26", "tenure": "Developing", "return": -0.064226, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-03", "end": "2024-05-31", "tenure": "Developing", "return": -0.173313, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-09-06", "tenure": "Established", "return": 0.18111, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-13", "end": "2024-10-11", "tenure": "Developing", "return": -0.036593, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": 0.061068, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-17", "tenure": "Developing", "return": -0.067638, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-04-11", "tenure": "Developing", "return": -0.123006, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.076871, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": -0.09826, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-09-19", "tenure": "Developing", "return": 0.002403, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-28", "tenure": "Developing", "return": -0.125877, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-07-10", "tenure": "Extended", "return": -0.368294, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": 0.107473, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 224.42, "volume": 6875330, "typical_volume": 9224703.1, "trend": 203.032, "fair_value": 214.879872, "relative_strength": 6.002912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.903532, "energy": 43.949651, "activity_lines": [ 227.556667, 226.502545, 218.905476, 212.014258 ] }, { "date": "2023-08-25", "close": 236.97, "volume": 13168749, "typical_volume": 9448866.3, "trend": 205.009, "fair_value": 214.835577, "relative_strength": 9.742462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.878898, "energy": 48.851348, "activity_lines": [ 230.476667, 228.602, 221.397333, 214.203806 ] }, { "date": "2023-09-01", "close": 248.49, "volume": 8425284, "typical_volume": 9396250.8, "trend": 207.097, "fair_value": 215.045128, "relative_strength": 10.522025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.510394, "energy": 58.513871, "activity_lines": [ 236.442, 232.531091, 224.795095, 217.009032 ] }, { "date": "2023-09-08", "close": 250.63, "volume": 4478200, "typical_volume": 9338903.25, "trend": 209.223, "fair_value": 215.329936, "relative_strength": 12.553755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.879115, "energy": 78.93537, "activity_lines": [ 242.221333, 236.372182, 228.137381, 219.817613 ] }, { "date": "2023-09-15", "close": 240.86, "volume": 7695446, "typical_volume": 9326246.4, "trend": 211.058333, "fair_value": 215.588974, "relative_strength": 8.266516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.191479, "energy": 77.981244, "activity_lines": [ 243.376667, 237.987091, 230.26519, 221.85871 ] }, { "date": "2023-09-22", "close": 230.82, "volume": 6701932, "typical_volume": 9257948.55, "trend": 212.648, "fair_value": 215.685385, "relative_strength": 7.021137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.637614, "energy": 57.296574, "activity_lines": [ 240.225333, 237.374182, 231.176238, 223.133656 ] }, { "date": "2023-09-29", "close": 214.85, "volume": 17712713, "typical_volume": 9633402.75, "trend": 213.424667, "fair_value": 215.65891, "relative_strength": -0.566837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.810241, "energy": 19.840648, "activity_lines": [ 231.324, 233.732, 230.331381, 223.27572 ] }, { "date": "2023-10-06", "close": 213.63, "volume": 11738866, "typical_volume": 9794800.6, "trend": 214.603333, "fair_value": 215.581346, "relative_strength": -2.917258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 7.384994, "energy": 17.345341, "activity_lines": [ 223.490667, 230.053455, 229.217524, 223.288968 ] }, { "date": "2023-10-13", "close": 214.89, "volume": 7284412, "typical_volume": 9285866.2, "trend": 215.474, "fair_value": 215.488013, "relative_strength": -2.652612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -2.167981, "energy": 23.122814, "activity_lines": [ 218.401333, 226.992545, 228.138333, 223.307462 ] }, { "date": "2023-10-20", "close": 211.16, "volume": 5750197, "typical_volume": 8889549.3, "trend": 216.165, "fair_value": 215.404808, "relative_strength": -1.614858, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.770855, "energy": 35.612055, "activity_lines": [ 214.451333, 223.530364, 226.709524, 223.02914 ] }, { "date": "2023-10-27", "close": 206.01, "volume": 6182994, "typical_volume": 8690539.85, "trend": 216.147333, "fair_value": 215.378462, "relative_strength": -1.532722, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.959909, "energy": 48.884959, "activity_lines": [ 210.764667, 219.41, 224.801381, 222.373978 ] }, { "date": "2023-11-03", "close": 218.41, "volume": 7613703, "typical_volume": 8493511.1, "trend": 216.867333, "fair_value": 215.336218, "relative_strength": -2.242875, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.227091, "energy": 41.115126, "activity_lines": [ 212.865333, 217.878909, 224.066429, 222.519957 ] }, { "date": "2023-11-10", "close": 230.01, "volume": 6869111, "typical_volume": 8448669.15, "trend": 218.066333, "fair_value": 215.387564, "relative_strength": -0.143419, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 14.067151, "energy": 14.567193, "activity_lines": [ 218.595333, 218.794364, 224.455238, 223.367871 ] }, { "date": "2023-11-17", "close": 231.66, "volume": 6961067, "typical_volume": 8296349.65, "trend": 219.422, "fair_value": 215.530256, "relative_strength": -1.672884, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.936284, "energy": 18.155951, "activity_lines": [ 223.783333, 220.345818, 224.964238, 224.244882 ] }, { "date": "2023-11-24", "close": 236.61, "volume": 4365801, "typical_volume": 8244922.9, "trend": 221.104333, "fair_value": 215.611987, "relative_strength": -0.731421, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.777277, "energy": 34.295693, "activity_lines": [ 229.503333, 223.142182, 225.91719, 225.353785 ] }, { "date": "2023-12-01", "close": 272.92, "volume": 20905842, "typical_volume": 8809135.05, "trend": 224.152333, "fair_value": 215.937244, "relative_strength": 13.976846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.204283, "energy": 71.874277, "activity_lines": [ 245.63, 232.617636, 230.243095, 228.696731 ] }, { "date": "2023-12-08", "close": 273.41, "volume": 11180985, "typical_volume": 8777230.35, "trend": 227.174, "fair_value": 216.284487, "relative_strength": 13.206968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.291285, "energy": 87.378338, "activity_lines": [ 257.459333, 241.416727, 234.382286, 231.874645 ] }, { "date": "2023-12-15", "close": 272.7, "volume": 13434883, "typical_volume": 8989453.45, "trend": 229.740333, "fair_value": 216.485192, "relative_strength": 9.143739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.622001, "energy": 89.224929, "activity_lines": [ 265.385333, 249.022, 238.223571, 234.811806 ] }, { "date": "2023-12-22", "close": 272.57, "volume": 6441731, "typical_volume": 8983699.5, "trend": 231.623667, "fair_value": 216.637821, "relative_strength": 7.904734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.726907, "energy": 89.456001, "activity_lines": [ 270.422, 255.529636, 241.872952, 237.575011 ] }, { "date": "2023-12-29", "close": 276.06, "volume": 3364161, "typical_volume": 8857570.35, "trend": 233.709, "fair_value": 216.871474, "relative_strength": 8.785139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.49922, "energy": 89.790758, "activity_lines": [ 273.894667, 261.623091, 245.652571, 240.441871 ] }, { "date": "2024-01-05", "close": 265.8, "volume": 6839185, "typical_volume": 8855763.1, "trend": 235.756333, "fair_value": 217.116026, "relative_strength": 7.891243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.236293, "energy": 83.80629, "activity_lines": [ 271.317333, 264.671091, 248.218857, 242.512258 ] }, { "date": "2024-01-12", "close": 283.24, "volume": 6590933, "typical_volume": 8526872.3, "trend": 237.784333, "fair_value": 217.505, "relative_strength": 11.05599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.739811, "energy": 79.788727, "activity_lines": [ 275.028, 269.802909, 252.249048, 245.57572 ] }, { "date": "2024-01-19", "close": 289.99, "volume": 4730751, "typical_volume": 8342145.65, "trend": 240.042333, "fair_value": 217.854103, "relative_strength": 10.324189, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.490898, "energy": 75.11477, "activity_lines": [ 280.333333, 274.983273, 256.701762, 248.943828 ] }, { "date": "2024-01-26", "close": 288.63, "volume": 5662647, "typical_volume": 8401368.0, "trend": 242.133667, "fair_value": 218.245769, "relative_strength": 8.866315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.615416, "energy": 67.120229, "activity_lines": [ 284.032667, 278.825818, 260.827333, 252.078516 ] }, { "date": "2024-02-02", "close": 294.74, "volume": 5424039, "typical_volume": 8287797.65, "trend": 244.667333, "fair_value": 218.443141, "relative_strength": 9.567961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.283334, "energy": 81.056973, "activity_lines": [ 288.698, 282.743455, 265.353857, 255.472473 ] }, { "date": "2024-02-09", "close": 304.89, "volume": 6436901, "typical_volume": 8274546.1, "trend": 247.366667, "fair_value": 218.593974, "relative_strength": 11.018301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.87217, "energy": 86.664356, "activity_lines": [ 295.501333, 287.449636, 270.590476, 259.357806 ] }, { "date": "2024-02-16", "close": 302.67, "volume": 7547973, "typical_volume": 7766309.1, "trend": 249.954, "fair_value": 218.762756, "relative_strength": 11.589405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.082771, "energy": 79.268137, "activity_lines": [ 298.958667, 291.170909, 275.262952, 262.925763 ] }, { "date": "2024-02-23", "close": 305.88, "volume": 6062640, "typical_volume": 7482497.8, "trend": 252.316667, "fair_value": 219.151859, "relative_strength": 10.93753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.593603, "energy": 73.218891, "activity_lines": [ 302.190667, 294.943818, 279.822952, 266.533892 ] }, { "date": "2024-03-01", "close": 291.92, "volume": 19854940, "typical_volume": 8111024.2, "trend": 254.376667, "fair_value": 219.503782, "relative_strength": 3.740137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.556904, "energy": 64.660605, "activity_lines": [ 299.71, 295.575273, 282.614143, 269.088946 ] }, { "date": "2024-03-08", "close": 264.32, "volume": 20843061, "typical_volume": 8865667.4, "trend": 255.638667, "fair_value": 219.578077, "relative_strength": -4.600015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.105864, "energy": 35.283141, "activity_lines": [ 287.81, 290.836727, 282.409952, 269.730452 ] }, { "date": "2024-03-15", "close": 268.27, "volume": 10625237, "typical_volume": 9087779.55, "trend": 257.100333, "fair_value": 219.687308, "relative_strength": -2.023778, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.777467, "energy": 25.325927, "activity_lines": [ 279.254667, 287.029818, 282.32881, 270.545376 ] }, { "date": "2024-03-22", "close": 277.5, "volume": 7924017, "typical_volume": 9103295.25, "trend": 258.451333, "fair_value": 219.865769, "relative_strength": -1.625889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.642195, "energy": 29.185884, "activity_lines": [ 276.217333, 284.856182, 282.830238, 271.861484 ] }, { "date": "2024-03-29", "close": 272.75, "volume": 5294822, "typical_volume": 9024580.8, "trend": 259.26, "fair_value": 219.979744, "relative_strength": -2.694264, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.70146, "energy": 23.967179, "activity_lines": [ 273.274667, 281.923273, 282.597905, 272.783978 ] }, { "date": "2024-04-05", "close": 268.32, "volume": 6993609, "typical_volume": 9026207.9, "trend": 259.849667, "fair_value": 220.048397, "relative_strength": -3.464909, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.82803, "energy": 18.659771, "activity_lines": [ 271.064, 278.498364, 281.740143, 273.368495 ] }, { "date": "2024-04-12", "close": 263.69, "volume": 6668418, "typical_volume": 9141338.75, "trend": 260.610667, "fair_value": 220.095449, "relative_strength": -4.621039, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.574729, "energy": 20.838057, "activity_lines": [ 268.883333, 274.600909, 280.266857, 273.616258 ] }, { "date": "2024-04-19", "close": 252.22, "volume": 7482301, "typical_volume": 8470161.7, "trend": 261.324, "fair_value": 220.07891, "relative_strength": -3.576019, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -21.533264, "energy": 37.370502, "activity_lines": [ 262.921333, 269.182545, 277.572238, 273.074925 ] }, { "date": "2024-04-26", "close": 251.04, "volume": 7544140, "typical_volume": 8288319.45, "trend": 262.530333, "fair_value": 220.104808, "relative_strength": -7.672209, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.28337, "energy": 58.104633, "activity_lines": [ 257.636, 264.507273, 274.86381, 272.411441 ] }, { "date": "2024-05-03", "close": 255.78, "volume": 14712598, "typical_volume": 8352205.2, "trend": 263.935333, "fair_value": 220.227051, "relative_strength": -6.957822, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.748258, "energy": 51.788321, "activity_lines": [ 255.694667, 261.632545, 272.713333, 271.975935 ] }, { "date": "2024-05-10", "close": 246.34, "volume": 10163080, "typical_volume": 8538272.65, "trend": 264.983667, "fair_value": 220.339679, "relative_strength": -11.701894, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.770941, "energy": 65.196851, "activity_lines": [ 251.738, 257.952364, 269.744381, 270.840753 ] }, { "date": "2024-05-17", "close": 257.93, "volume": 9999290, "typical_volume": 8870029.1, "trend": 266.542667, "fair_value": 220.509615, "relative_strength": -9.492631, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.261974, "energy": 49.542231, "activity_lines": [ 253.11, 257.208182, 268.004143, 270.385677 ] }, { "date": "2024-05-24", "close": 220.91, "volume": 26054336, "typical_volume": 9830786.65, "trend": 267.039333, "fair_value": 220.459551, "relative_strength": -23.198407, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.930402, "energy": 66.352942, "activity_lines": [ 242.526, 249.849273, 262.824524, 267.441634 ] }, { "date": "2024-05-31", "close": 211.45, "volume": 24665274, "typical_volume": 10734503.7, "trend": 266.807333, "fair_value": 220.383526, "relative_strength": -24.992077, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.597947, "energy": 91.481061, "activity_lines": [ 230.876, 241.631455, 256.957714, 263.855226 ] }, { "date": "2024-06-07", "close": 215.56, "volume": 14426452, "typical_volume": 11219288.75, "trend": 266.325667, "fair_value": 220.290385, "relative_strength": -25.293834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.090676, "energy": 91.056979, "activity_lines": [ 223.235333, 235.361818, 251.82419, 260.548946 ] }, { "date": "2024-06-14", "close": 209.48, "volume": 11106323, "typical_volume": 11491472.55, "trend": 265.586333, "fair_value": 220.117244, "relative_strength": -29.487093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.650914, "energy": 92.260832, "activity_lines": [ 216.249333, 229.026545, 246.466048, 256.881484 ] }, { "date": "2024-06-21", "close": 219.09, "volume": 12489527, "typical_volume": 11844746.95, "trend": 265.002333, "fair_value": 219.963974, "relative_strength": -26.037223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.658654, "energy": 87.043425, "activity_lines": [ 214.924, 225.508364, 242.400048, 253.88172 ] }, { "date": "2024-06-28", "close": 223.56, "volume": 10416193, "typical_volume": 12043711.55, "trend": 263.357, "fair_value": 219.869487, "relative_strength": -24.128947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.576992, "energy": 75.641109, "activity_lines": [ 217.678, 223.613818, 239.12, 251.208022 ] }, { "date": "2024-07-05", "close": 229.13, "volume": 5787162, "typical_volume": 11955671.0, "trend": 261.881, "fair_value": 219.800192, "relative_strength": -24.581721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.875165, "energy": 56.61785, "activity_lines": [ 222.112, 223.253091, 236.757714, 248.999828 ] }, { "date": "2024-07-12", "close": 230.02, "volume": 9520962, "typical_volume": 12128587.1, "trend": 260.458333, "fair_value": 219.816154, "relative_strength": -23.772762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.853508, "energy": 40.649412, "activity_lines": [ 225.664, 223.452545, 234.830381, 246.94428 ] }, { "date": "2024-07-19", "close": 227.49, "volume": 11141323, "typical_volume": 11692906.25, "trend": 258.955667, "fair_value": 219.733397, "relative_strength": -21.195571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.128711, "energy": 32.165707, "activity_lines": [ 227.408667, 223.660364, 233.023333, 244.81729 ] }, { "date": "2024-07-26", "close": 228.64, "volume": 8682641, "typical_volume": 11084885.25, "trend": 257.375, "fair_value": 219.696474, "relative_strength": -18.3798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.647039, "energy": 27.163849, "activity_lines": [ 228.336, 224.42, 231.632619, 242.861441 ] }, { "date": "2024-08-02", "close": 214.86, "volume": 7858808, "typical_volume": 10946563.8, "trend": 255.677, "fair_value": 219.562756, "relative_strength": -20.504652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.457311, "energy": 37.111297, "activity_lines": [ 224.033333, 223.206727, 229.099429, 240.118538 ] }, { "date": "2024-08-09", "close": 211.95, "volume": 11541297, "typical_volume": 11127427.8, "trend": 253.300667, "fair_value": 219.404231, "relative_strength": -21.489215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.02604, "energy": 45.376982, "activity_lines": [ 219.340667, 221.574364, 226.543429, 237.297441 ] }, { "date": "2024-08-16", "close": 231.74, "volume": 10739334, "typical_volume": 11399653.4, "trend": 251.359, "fair_value": 219.377244, "relative_strength": -18.232104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.205733, "energy": 34.759448, "activity_lines": [ 222.39, 223.531091, 226.184333, 235.90643 ] }, { "date": "2024-08-23", "close": 259.95, "volume": 20689770, "typical_volume": 12084461.45, "trend": 250.403, "fair_value": 219.317436, "relative_strength": -8.893586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.585786, "energy": 8.195932, "activity_lines": [ 234.728, 230.322727, 228.70719, 236.460688 ] }, { "date": "2024-08-30", "close": 263.19, "volume": 10779092, "typical_volume": 12289995.15, "trend": 249.351333, "fair_value": 219.224167, "relative_strength": -6.703532, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.894935, "energy": 30.495654, "activity_lines": [ 245.982, 236.785818, 231.578476, 237.285656 ] }, { "date": "2024-09-06", "close": 254.6, "volume": 6416723, "typical_volume": 12236716.25, "trend": 247.675, "fair_value": 219.141282, "relative_strength": -3.857935, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 25.433723, "energy": 41.738218, "activity_lines": [ 252.069333, 240.885273, 233.634048, 237.62428 ] }, { "date": "2024-09-13", "close": 250.05, "volume": 9851430, "typical_volume": 12352080.75, "trend": 245.921, "fair_value": 219.022949, "relative_strength": -10.496738, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.708906, "energy": 53.849381, "activity_lines": [ 253.990667, 243.593091, 235.244952, 237.777505 ] }, { "date": "2024-09-20", "close": 248.29, "volume": 12797691, "typical_volume": 12256335.4, "trend": 244.001333, "fair_value": 218.893846, "relative_strength": -12.049716, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.919527, "energy": 50.968939, "activity_lines": [ 252.785333, 245.600545, 236.692952, 237.930344 ] }, { "date": "2024-09-27", "close": 243.62, "volume": 6756398, "typical_volume": 12086001.3, "trend": 242.391333, "fair_value": 218.823782, "relative_strength": -14.297236, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.988275, "energy": 21.959497, "activity_lines": [ 248.92, 246.426727, 237.731857, 237.905742 ] }, { "date": "2024-10-04", "close": 242.35, "volume": 9363390, "typical_volume": 12054206.3, "trend": 241.659, "fair_value": 218.736923, "relative_strength": -14.583643, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 11.908335, "energy": 11.5261, "activity_lines": [ 245.72, 246.728727, 238.662762, 237.903075 ] }, { "date": "2024-10-11", "close": 240.9, "volume": 8369706, "typical_volume": 11169974.8, "trend": 240.746667, "fair_value": 218.544038, "relative_strength": -15.844984, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 7.243501, "energy": 8.994793, "activity_lines": [ 243.426, 246.517818, 239.529762, 237.854108 ] }, { "date": "2024-10-18", "close": 244.48, "volume": 7092670, "typical_volume": 10291344.6, "trend": 239.646, "fair_value": 218.311282, "relative_strength": -14.488105, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.114493, "energy": 9.079986, "activity_lines": [ 243.238667, 246.484364, 240.642524, 238.094968 ] }, { "date": "2024-10-25", "close": 237.71, "volume": 7314336, "typical_volume": 9935738.8, "trend": 238.478, "fair_value": 217.976218, "relative_strength": -16.663996, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.789702, "energy": 7.433174, "activity_lines": [ 241.166, 244.628545, 240.953238, 237.970065 ] }, { "date": "2024-11-01", "close": 239.12, "volume": 6542176, "typical_volume": 9707531.45, "trend": 237.504667, "fair_value": 217.650577, "relative_strength": -14.505906, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.467453, "energy": 15.847693, "activity_lines": [ 240.268667, 242.920545, 241.292762, 238.011484 ] }, { "date": "2024-11-08", "close": 256.54, "volume": 7867633, "typical_volume": 9476436.75, "trend": 237.266333, "fair_value": 217.394744, "relative_strength": -12.711938, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.025235, "energy": 27.397748, "activity_lines": [ 245.478, 244.758545, 243.15019, 239.23957 ] }, { "date": "2024-11-15", "close": 259.41, "volume": 11211753, "typical_volume": 9516214.75, "trend": 237.506, "fair_value": 217.220449, "relative_strength": -8.360198, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.997456, "energy": 41.866187, "activity_lines": [ 250.698, 247.239273, 245.102619, 240.668194 ] }, { "date": "2024-11-22", "close": 267.75, "volume": 7795454, "typical_volume": 9616629.35, "trend": 238.063, "fair_value": 217.157628, "relative_strength": -6.879829, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.432396, "energy": 71.700778, "activity_lines": [ 257.464, 251.148909, 247.678619, 242.619419 ] }, { "date": "2024-11-29", "close": 249.99, "volume": 24186797, "typical_volume": 10349921.1, "trend": 237.87, "fair_value": 217.048654, "relative_strength": -13.10039, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.07105, "energy": 60.04142, "activity_lines": [ 256.758667, 251.507636, 248.379286, 243.388903 ] }, { "date": "2024-12-06", "close": 266.42, "volume": 14482863, "typical_volume": 10516998.1, "trend": 238.539333, "fair_value": 216.963654, "relative_strength": -9.731188, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.919206, "energy": 64.464246, "activity_lines": [ 260.711333, 254.822727, 250.549619, 245.230839 ] }, { "date": "2024-12-13", "close": 273.67, "volume": 26443356, "typical_volume": 11405033.85, "trend": 239.064, "fair_value": 216.962308, "relative_strength": -7.469852, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.487515, "energy": 62.069921, "activity_lines": [ 265.260667, 259.041455, 253.225048, 247.497333 ] }, { "date": "2024-12-20", "close": 273.04, "volume": 63898022, "typical_volume": 14206994.55, "trend": 240.801667, "fair_value": 216.930192, "relative_strength": -5.097879, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.049412, "energy": 46.746365, "activity_lines": [ 268.458, 262.576182, 255.626048, 249.689333 ] }, { "date": "2024-12-27", "close": 266.24, "volume": 7373561, "typical_volume": 13998607.75, "trend": 242.628, "fair_value": 216.885705, "relative_strength": -7.760099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.555191, "energy": 46.899471, "activity_lines": [ 268.48, 264.290182, 257.102381, 251.330516 ] }, { "date": "2025-01-03", "close": 252.84, "volume": 6885105, "typical_volume": 13805896.3, "trend": 243.870667, "fair_value": 216.902372, "relative_strength": -11.153851, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.885308, "energy": 34.475255, "activity_lines": [ 264.136, 263.172182, 257.044, 251.989355 ] }, { "date": "2025-01-10", "close": 249.71, "volume": 8329217, "typical_volume": 13187868.65, "trend": 245.211667, "fair_value": 216.872885, "relative_strength": -9.63933, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.052887, "energy": 17.167053, "activity_lines": [ 258.558667, 261.21, 256.587048, 252.366086 ] }, { "date": "2025-01-17", "close": 249.64, "volume": 10898801, "typical_volume": 13193854.1, "trend": 246.23, "fair_value": 216.898205, "relative_strength": -11.515163, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.265488, "energy": 16.848147, "activity_lines": [ 254.072, 259.042545, 256.17219, 252.651785 ] }, { "date": "2025-01-24", "close": 258.28, "volume": 7648269, "typical_volume": 13255431.4, "trend": 247.387333, "fair_value": 217.027051, "relative_strength": -9.178888, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.348907, "energy": 18.16038, "activity_lines": [ 254.067333, 258.571455, 256.644714, 253.429204 ] }, { "date": "2025-01-31", "close": 262.06, "volume": 9330067, "typical_volume": 13229363.25, "trend": 248.485, "fair_value": 217.189038, "relative_strength": -5.916647, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.577871, "energy": 16.15039, "activity_lines": [ 256.306667, 258.808182, 257.459714, 254.375828 ] }, { "date": "2025-02-07", "close": 271.89, "volume": 12633308, "typical_volume": 13221144.1, "trend": 249.880667, "fair_value": 217.439808, "relative_strength": -1.861781, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.900976, "energy": 24.933493, "activity_lines": [ 262.101333, 260.935636, 259.153714, 255.885828 ] }, { "date": "2025-02-14", "close": 258.05, "volume": 9375903, "typical_volume": 13352119.35, "trend": 250.899333, "fair_value": 217.719167, "relative_strength": -8.739352, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.850454, "energy": 23.321506, "activity_lines": [ 262.012667, 260.148545, 259.417238, 256.412882 ] }, { "date": "2025-02-21", "close": 256.39, "volume": 9375979, "typical_volume": 13352748.8, "trend": 251.824333, "fair_value": 217.91891, "relative_strength": -6.503163, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.859698, "energy": 17.969576, "activity_lines": [ 260.814667, 259.211818, 259.453952, 256.767118 ] }, { "date": "2025-02-28", "close": 263.34, "volume": 20770170, "typical_volume": 13972772.0, "trend": 253.440333, "fair_value": 218.067179, "relative_strength": -0.065178, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.27298, "energy": 19.467753, "activity_lines": [ 261.483333, 259.852909, 260.085714, 257.510065 ] }, { "date": "2025-03-07", "close": 252.38, "volume": 9779892, "typical_volume": 14107133.1, "trend": 254.788, "fair_value": 218.243269, "relative_strength": -0.693916, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.642172, "energy": 6.911786, "activity_lines": [ 258.161333, 258.677636, 259.56681, 257.441656 ] }, { "date": "2025-03-14", "close": 244.17, "volume": 11070847, "typical_volume": 14294958.65, "trend": 255.202333, "fair_value": 218.246923, "relative_strength": -1.079269, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.920067, "energy": 16.94416, "activity_lines": [ 252.748, 256.261636, 258.228381, 256.756624 ] }, { "date": "2025-03-21", "close": 249.49, "volume": 10142578, "typical_volume": 14474978.75, "trend": 254.853667, "fair_value": 218.32, "relative_strength": 1.227725, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.813033, "energy": 22.771526, "activity_lines": [ 250.956, 254.970545, 257.365857, 256.388086 ] }, { "date": "2025-03-28", "close": 238.49, "volume": 7184830, "typical_volume": 14440838.6, "trend": 254.030333, "fair_value": 218.32359, "relative_strength": -0.516467, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.806882, "energy": 38.923253, "activity_lines": [ 246.068, 251.683455, 255.406333, 255.332366 ] }, { "date": "2025-04-04", "close": 217.14, "volume": 17782096, "typical_volume": 14769355.75, "trend": 252.781667, "fair_value": 218.249038, "relative_strength": 0.869378, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -53.008128, "energy": 63.762749, "activity_lines": [ 235.256667, 244.717273, 251.499429, 252.952344 ] }, { "date": "2025-04-11", "close": 226.51, "volume": 18525153, "typical_volume": 15305840.7, "trend": 251.997, "fair_value": 218.260833, "relative_strength": -1.728979, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.194978, "energy": 69.389323, "activity_lines": [ 230.648667, 240.202727, 248.68619, 251.257398 ] }, { "date": "2025-04-18", "close": 221.02, "volume": 7903203, "typical_volume": 14491661.0, "trend": 251.088, "fair_value": 218.356282, "relative_strength": -1.459894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.610094, "energy": 73.377313, "activity_lines": [ 225.935333, 235.336364, 245.546476, 249.258882 ] }, { "date": "2025-04-25", "close": 239.53, "volume": 8529478, "typical_volume": 14193991.75, "trend": 250.951667, "fair_value": 218.566731, "relative_strength": 0.664316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.605184, "energy": 60.108338, "activity_lines": [ 228.935333, 234.760364, 244.307571, 248.513204 ] }, { "date": "2025-05-02", "close": 248.68, "volume": 6301971, "typical_volume": 13186922.5, "trend": 251.162667, "fair_value": 218.946346, "relative_strength": 1.349377, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.30136, "energy": 30.932017, "activity_lines": [ 235.649333, 236.184727, 244.068143, 248.366645 ] }, { "date": "2025-05-09", "close": 259.18, "volume": 5961197, "typical_volume": 10290081.25, "trend": 251.772, "fair_value": 219.439231, "relative_strength": 5.93454, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.62242, "energy": 13.929459, "activity_lines": [ 245.184, 239.658364, 244.947714, 248.883892 ] }, { "date": "2025-05-16", "close": 273.05, "volume": 8786831, "typical_volume": 10360744.75, "trend": 252.724333, "fair_value": 220.125513, "relative_strength": 4.63005, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.524601, "energy": 27.659006, "activity_lines": [ 256.539333, 245.729455, 247.214238, 250.256667 ] }, { "date": "2025-05-23", "close": 238.01, "volume": 18602374, "typical_volume": 10946608.2, "trend": 252.734333, "fair_value": 220.633333, "relative_strength": -6.534988, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -8.587323, "energy": 18.911141, "activity_lines": [ 253.112, 245.053818, 246.11119, 249.307355 ] }, { "date": "2025-05-30", "close": 247.71, "volume": 13945258, "typical_volume": 11227410.25, "trend": 253.020667, "fair_value": 221.181923, "relative_strength": -4.594378, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.778564, "energy": 16.394271, "activity_lines": [ 251.785333, 246.253818, 246.002571, 248.983204 ] }, { "date": "2025-06-06", "close": 252.72, "volume": 7955607, "typical_volume": 11080250.55, "trend": 252.893333, "fair_value": 221.845, "relative_strength": -4.681351, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.05652, "energy": 11.619963, "activity_lines": [ 251.583333, 248.397091, 246.380619, 248.963806 ] }, { "date": "2025-06-13", "close": 244.54, "volume": 8965577, "typical_volume": 11146115.95, "trend": 252.397667, "fair_value": 222.519103, "relative_strength": -7.334885, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.80321, "energy": 14.484819, "activity_lines": [ 248.385333, 248.794364, 245.964952, 248.424882 ] }, { "date": "2025-06-20", "close": 238.19, "volume": 11273019, "typical_volume": 11243263.55, "trend": 251.412333, "fair_value": 223.071282, "relative_strength": -9.694863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.40615, "energy": 19.105598, "activity_lines": [ 244.046667, 247.538909, 245.009952, 247.508258 ] }, { "date": "2025-06-27", "close": 237.37, "volume": 10076677, "typical_volume": 11115432.0, "trend": 250.991667, "fair_value": 223.680385, "relative_strength": -13.472673, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.570349, "energy": 23.232715, "activity_lines": [ 241.758667, 245.922, 244.090524, 246.602301 ] }, { "date": "2025-07-04", "close": 241.76, "volume": 7491426, "typical_volume": 11021208.15, "trend": 250.169667, "fair_value": 224.281346, "relative_strength": -13.0612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.010541, "energy": 24.996956, "activity_lines": [ 240.976667, 244.806, 243.753571, 246.00671 ] }, { "date": "2025-07-11", "close": 223.37, "volume": 14388385, "typical_volume": 11271828.45, "trend": 248.493, "fair_value": 224.811218, "relative_strength": -19.181408, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.578609, "energy": 57.394626, "activity_lines": [ 234.461333, 240.305818, 241.742762, 244.277699 ] }, { "date": "2025-07-18", "close": 233.06, "volume": 10751477, "typical_volume": 10770893.8, "trend": 247.160333, "fair_value": 225.356474, "relative_strength": -16.523318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.724231, "energy": 53.006879, "activity_lines": [ 233.132667, 238.027636, 240.812048, 243.282022 ] }, { "date": "2025-07-25", "close": 241.74, "volume": 10266410, "typical_volume": 10795219.7, "trend": 246.343667, "fair_value": 225.911859, "relative_strength": -13.96343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.604066, "energy": 43.235938, "activity_lines": [ 235.462667, 237.802545, 240.85219, 242.932323 ] }, { "date": "2025-08-01", "close": 222.22, "volume": 13397993, "typical_volume": 10911577.0, "trend": 245.323, "fair_value": 226.299744, "relative_strength": -18.874834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.281413, "energy": 57.754311, "activity_lines": [ 231.049333, 234.597636, 239.083952, 241.375957 ] }, { "date": "2025-08-08", "close": 222.07, "volume": 15720004, "typical_volume": 11190448.3, "trend": 244.401667, "fair_value": 226.59359, "relative_strength": -21.58185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.798585, "energy": 50.02203, "activity_lines": [ 227.596, 231.652545, 237.405952, 239.875763 ] }, { "date": "2025-08-15", "close": 226.09, "volume": 19460561, "typical_volume": 11804234.85, "trend": 243.616667, "fair_value": 226.964808, "relative_strength": -20.240154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.304134, "energy": 44.434519, "activity_lines": [ 226.795333, 229.904545, 236.241381, 238.694366 ] }, { "date": "2025-08-22", "close": 221.27, "volume": 26006185, "typical_volume": 12215439.3, "trend": 242.383, "fair_value": 227.316154, "relative_strength": -20.717883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.295312, "energy": 60.695866, "activity_lines": [ 224.206667, 227.764364, 234.67681, 237.252645 ] }, { "date": "2025-08-29", "close": 230.82, "volume": 19565530, "typical_volume": 12267458.15, "trend": 241.341667, "fair_value": 227.779487, "relative_strength": -16.571853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.900719, "energy": 40.91843, "activity_lines": [ 225.587333, 227.783636, 234.002095, 236.506645 ] }, { "date": "2025-09-05", "close": 231.08, "volume": 13218690, "typical_volume": 12533232.5, "trend": 239.981333, "fair_value": 228.171282, "relative_strength": -16.739123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.926831, "energy": 29.315464, "activity_lines": [ 227.782667, 227.984182, 233.331619, 235.844602 ] }, { "date": "2025-09-12", "close": 223.39, "volume": 12744521, "typical_volume": 12743984.65, "trend": 238.826, "fair_value": 228.627051, "relative_strength": -20.493939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.583309, "energy": 31.150982, "activity_lines": [ 226.824, 226.900909, 231.880857, 234.774194 ] }, { "date": "2025-09-19", "close": 233.62, "volume": 27482294, "typical_volume": 13803000.8, "trend": 238.067, "fair_value": 229.155128, "relative_strength": -18.193888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.2752, "energy": 16.919306, "activity_lines": [ 229.187333, 228.011636, 231.481238, 234.438323 ] }, { "date": "2025-09-26", "close": 246.67, "volume": 16845095, "typical_volume": 14347195.7, "trend": 237.511333, "fair_value": 229.760577, "relative_strength": -12.92092, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.439511, "energy": 10.947806, "activity_lines": [ 235.398667, 231.308727, 232.39619, 234.993355 ] }, { "date": "2025-10-03", "close": 236.48, "volume": 16341828, "typical_volume": 14724945.55, "trend": 236.981333, "fair_value": 230.296474, "relative_strength": -17.154372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.509105, "energy": 12.620399, "activity_lines": [ 236.52, 232.505636, 232.400238, 234.926817 ] }, { "date": "2025-10-10", "close": 233.18, "volume": 11297267, "typical_volume": 14359690.2, "trend": 236.615, "fair_value": 230.89641, "relative_strength": -16.089694, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.026696, "energy": 14.216456, "activity_lines": [ 236.164, 233.198182, 232.264143, 234.68157 ] }, { "date": "2025-10-17", "close": 234.25, "volume": 9296832, "typical_volume": 14127268.9, "trend": 236.107, "fair_value": 231.439808, "relative_strength": -17.35062, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.181329, "energy": 13.049698, "activity_lines": [ 236.024667, 233.886, 232.252952, 234.528989 ] }, { "date": "2025-10-24", "close": 242.75, "volume": 8148587, "typical_volume": 14136917.9, "trend": 236.249, "fair_value": 231.985321, "relative_strength": -15.872343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.693184, "energy": 13.14848, "activity_lines": [ 237.994667, 235.897818, 233.115381, 234.95757 ] }, { "date": "2025-10-31", "close": 239.92, "volume": 9785580, "typical_volume": 14177918.05, "trend": 237.008333, "fair_value": 232.673077, "relative_strength": -18.058468, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.836031, "energy": 12.294323, "activity_lines": [ 238.412667, 237.092182, 233.755762, 235.194409 ] }, { "date": "2025-11-07", "close": 225.17, "volume": 12725468, "typical_volume": 14250540.5, "trend": 236.963667, "fair_value": 233.110385, "relative_strength": -20.221906, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.471983, "energy": 14.002912, "activity_lines": [ 234.364, 235.265636, 233.013381, 234.430645 ] }, { "date": "2025-11-14", "close": 230.82, "volume": 10566341, "typical_volume": 14275023.7, "trend": 237.290333, "fair_value": 233.649359, "relative_strength": -17.601822, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.343778, "energy": 12.678128, "activity_lines": [ 232.952667, 234.569091, 232.871095, 234.03428 ] }, { "date": "2025-11-21", "close": 225.14, "volume": 16067447, "typical_volume": 14703824.75, "trend": 236.810667, "fair_value": 234.137564, "relative_strength": -16.544689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.729481, "energy": 23.129337, "activity_lines": [ 229.805333, 232.844545, 232.219048, 233.250387 ] }, { "date": "2025-11-28", "close": 215.62, "volume": 23287302, "typical_volume": 15148770.6, "trend": 235.708667, "fair_value": 234.423654, "relative_strength": -23.372974, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.343191, "energy": 45.406292, "activity_lines": [ 224.092, 229.357273, 230.739476, 231.883247 ] }, { "date": "2025-12-05", "close": 219.96, "volume": 14578976, "typical_volume": 15340145.55, "trend": 234.401333, "fair_value": 234.746474, "relative_strength": -22.091329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.733539, "energy": 50.966695, "activity_lines": [ 221.634, 226.986364, 229.710143, 230.867204 ] }, { "date": "2025-12-12", "close": 224.49, "volume": 11989682, "typical_volume": 15426309.15, "trend": 232.782667, "fair_value": 235.062308, "relative_strength": -18.419103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.430756, "energy": 49.52793, "activity_lines": [ 222.016667, 225.924727, 229.174619, 230.227763 ] }, { "date": "2025-12-19", "close": 218.63, "volume": 19613957, "typical_volume": 15737107.35, "trend": 232.136667, "fair_value": 235.408397, "relative_strength": -20.393149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.550397, "energy": 50.672539, "activity_lines": [ 220.491333, 224.015636, 228.163143, 229.314688 ] }, { "date": "2025-12-26", "close": 220.7, "volume": 6798860, "typical_volume": 15291050.15, "trend": 231.236333, "fair_value": 235.750513, "relative_strength": -20.076302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.795635, "energy": 36.029185, "activity_lines": [ 220.468667, 222.747455, 227.365905, 228.576839 ] }, { "date": "2026-01-02", "close": 205.79, "volume": 11782270, "typical_volume": 14907135.6, "trend": 229.672, "fair_value": 236.036731, "relative_strength": -23.654644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.334182, "energy": 51.889732, "activity_lines": [ 215.772, 219.014727, 225.15519, 226.93514 ] }, { "date": "2026-01-09", "close": 207.185, "volume": 11289155, "typical_volume": 14171284.1, "trend": 228.426833, "fair_value": 236.293365, "relative_strength": -24.252658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.405908, "energy": 61.908633, "activity_lines": [ 212.195667, 216.207636, 223.174, 225.484366 ] }, { "date": "2026-01-16", "close": 186.86, "volume": 16679806, "typical_volume": 14026997.9, "trend": 226.715833, "fair_value": 236.379647, "relative_strength": -30.539657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.718538, "energy": 79.188808, "activity_lines": [ 202.696, 210.300273, 219.324167, 222.802634 ] }, { "date": "2026-01-23", "close": 189.26, "volume": 12145222, "typical_volume": 13973324.5, "trend": 225.112167, "fair_value": 236.454006, "relative_strength": -29.227278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.622936, "energy": 83.325558, "activity_lines": [ 196.505, 205.525818, 215.912238, 220.386129 ] }, { "date": "2026-01-30", "close": 175.63, "volume": 24074300, "typical_volume": 14539813.45, "trend": 222.907833, "fair_value": 236.388494, "relative_strength": -33.574465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.127905, "energy": 89.265961, "activity_lines": [ 187.728667, 199.028818, 211.401357, 217.193731 ] }, { "date": "2026-02-06", "close": 162.92, "volume": 26798576, "typical_volume": 14505627.55, "trend": 220.892833, "fair_value": 236.235096, "relative_strength": -36.412129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.099107, "energy": 94.825826, "activity_lines": [ 177.720333, 191.121091, 205.907429, 213.323548 ] }, { "date": "2026-02-13", "close": 144.42, "volume": 31154659, "typical_volume": 15221105.75, "trend": 217.938167, "fair_value": 235.96984, "relative_strength": -42.269568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.703016, "energy": 96.455059, "activity_lines": [ 164.403333, 180.807909, 198.988262, 208.389817 ] }, { "date": "2026-02-20", "close": 137.81, "volume": 17311382, "typical_volume": 15269583.45, "trend": 214.473833, "fair_value": 235.679327, "relative_strength": -44.863177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.839143, "energy": 95.981356, "activity_lines": [ 153.067333, 170.666364, 191.926476, 203.220258 ] }, { "date": "2026-02-27", "close": 133.76, "volume": 58711740, "typical_volume": 17640307.1, "trend": 211.525167, "fair_value": 235.308878, "relative_strength": -45.583494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.562338, "energy": 94.28834, "activity_lines": [ 143.651333, 161.364455, 184.948833, 198.012914 ] }, { "date": "2026-03-06", "close": 151.04, "volume": 28003461, "typical_volume": 18575638.55, "trend": 209.1575, "fair_value": 235.134327, "relative_strength": -36.991026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.331102, "energy": 87.372217, "activity_lines": [ 143.695333, 156.747455, 180.090333, 194.110645 ] }, { "date": "2026-03-13", "close": 133.09, "volume": 23814961, "typical_volume": 19358957.25, "trend": 206.0575, "fair_value": 234.777404, "relative_strength": -43.128768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.86159, "energy": 77.508685, "activity_lines": [ 139.395333, 150.133364, 173.918548, 189.203065 ] }, { "date": "2026-03-20", "close": 135.96, "volume": 26604917, "typical_volume": 20199924.1, "trend": 203.213833, "fair_value": 234.428237, "relative_strength": -39.894332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.410115, "energy": 67.25105, "activity_lines": [ 138.040667, 145.362909, 168.542286, 184.680645 ] }, { "date": "2026-03-27", "close": 124.18, "volume": 23896920, "typical_volume": 20758496.7, "trend": 199.659167, "fair_value": 233.900288, "relative_strength": -42.446172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.853393, "energy": 68.976238, "activity_lines": [ 133.323333, 139.745636, 162.539167, 179.581688 ] }, { "date": "2026-04-03", "close": 132.26, "volume": 14298255, "typical_volume": 20945092.4, "trend": 196.365167, "fair_value": 233.486506, "relative_strength": -40.178365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.578424, "energy": 64.685305, "activity_lines": [ 132.208, 136.737091, 157.786476, 175.233355 ] }, { "date": "2026-04-10", "close": 112.5, "volume": 30715308, "typical_volume": 21677485.45, "trend": 192.668833, "fair_value": 232.963814, "relative_strength": -50.490406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.562408, "energy": 69.716813, "activity_lines": [ 124.606, 131.172182, 151.621214, 169.822699 ] }, { "date": "2026-04-17", "close": 123.83, "volume": 22804138, "typical_volume": 21653327.25, "trend": 189.009167, "fair_value": 232.533301, "relative_strength": -47.843231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.254158, "energy": 64.139732, "activity_lines": [ 123.35, 128.815091, 147.071381, 165.381484 ] }, { "date": "2026-04-24", "close": 119.76, "volume": 28507038, "typical_volume": 22349730.35, "trend": 184.778833, "fair_value": 232.107788, "relative_strength": -49.777497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.479159, "energy": 62.448156, "activity_lines": [ 121.354667, 126.428727, 142.571024, 160.913796 ] }, { "date": "2026-05-01", "close": 126.96, "volume": 22901086, "typical_volume": 22895300.55, "trend": 181.128167, "fair_value": 231.758301, "relative_strength": -46.64864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.414787, "energy": 58.563954, "activity_lines": [ 122.839333, 125.799818, 139.233524, 157.183548 ] }, { "date": "2026-05-08", "close": 127.83, "volume": 22271536, "typical_volume": 23028179.5, "trend": 177.6165, "fair_value": 231.406186, "relative_strength": -48.084128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.612494, "energy": 50.943368, "activity_lines": [ 124.428667, 125.526364, 136.44331, 153.744957 ] }, { "date": "2026-05-15", "close": 125.01, "volume": 20687030, "typical_volume": 23722588.0, "trend": 173.975167, "fair_value": 230.952981, "relative_strength": -48.057212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.130875, "energy": 43.699701, "activity_lines": [ 125.373333, 124.848, 133.816905, 150.350989 ] }, { "date": "2026-05-22", "close": 128.14, "volume": 35097236, "typical_volume": 24888336.3, "trend": 170.154833, "fair_value": 230.389327, "relative_strength": -46.515322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.629678, "energy": 35.83891, "activity_lines": [ 126.527333, 125.212, 131.944262, 147.393882 ] }, { "date": "2026-05-29", "close": 146.19, "volume": 24894380, "typical_volume": 25568597.55, "trend": 167.0305, "fair_value": 229.957853, "relative_strength": -39.722616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.12768, "energy": 23.387755, "activity_lines": [ 133.410667, 128.947818, 132.160429, 145.847763 ] }, { "date": "2026-06-05", "close": 144.28, "volume": 27637749, "typical_volume": 26116494.7, "trend": 164.334167, "fair_value": 229.572596, "relative_strength": -36.689003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.857015, "energy": 19.471145, "activity_lines": [ 137.895333, 132.150364, 132.485143, 144.379989 ] }, { "date": "2026-06-12", "close": 130.8, "volume": 24193290, "typical_volume": 26718898.1, "trend": 161.000167, "fair_value": 228.985417, "relative_strength": -42.933723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.0151, "energy": 16.833121, "activity_lines": [ 136.732, 132.536545, 131.72881, 142.216495 ] }, { "date": "2026-06-19", "close": 116.93, "volume": 25603049, "typical_volume": 26795335.55, "trend": 157.393167, "fair_value": 228.310288, "relative_strength": -49.406993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.504765, "energy": 19.450026, "activity_lines": [ 130.747333, 130.427455, 129.929905, 139.373258 ] }, { "date": "2026-06-26", "close": 124.21, "volume": 29184461, "typical_volume": 26914629.8, "trend": 154.346167, "fair_value": 227.658494, "relative_strength": -42.813948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.132326, "energy": 27.632474, "activity_lines": [ 127.728, 129.561455, 129.103857, 137.232409 ] }, { "date": "2026-07-03", "close": 135.4, "volume": 14698224, "typical_volume": 26091808.05, "trend": 151.5275, "fair_value": 227.124327, "relative_strength": -37.227052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.266154, "energy": 26.028891, "activity_lines": [ 128.700667, 130.723091, 129.527857, 136.010075 ] }, { "date": "2026-07-10", "close": 138.95, "volume": 22568526, "typical_volume": 26354665.25, "trend": 148.676167, "fair_value": 226.579712, "relative_strength": -35.859488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.16663, "energy": 18.555113, "activity_lines": [ 131.576, 132.245818, 130.332905, 135.198624 ] }, { "date": "2026-07-17", "close": 144.78, "volume": 20685220, "typical_volume": 24453339.25, "trend": 146.2145, "fair_value": 226.06516, "relative_strength": -29.318163, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.992523, "energy": 7.491961, "activity_lines": [ 136.75, 134.610545, 131.687762, 134.947258 ] }, { "date": "2026-07-24", "close": 135.34, "volume": 18840531, "typical_volume": 23995192.75, "trend": 143.369167, "fair_value": 225.426314, "relative_strength": -31.82868, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.280948, "energy": 13.839588, "activity_lines": [ 137.845333, 134.950727, 132.091095, 134.245677 ] }, { "date": "2026-07-31", "close": 160.34, "volume": 32446888, "typical_volume": 24426789.1, "trend": 141.854167, "fair_value": 224.979006, "relative_strength": -18.764149, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.085373, "energy": 35.85752, "activity_lines": [ 146.046667, 139.648545, 134.950143, 135.34057 ] }, { "date": "2026-08-07", "close": 179.64, "volume": 16465014, "typical_volume": 23919793.95, "trend": 140.936, "fair_value": 224.678878, "relative_strength": -12.579283, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.651375, "energy": 64.618446, "activity_lines": [ 158.272667, 147.27, 139.517524, 137.778366 ] } ], "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." } } }