{ "ticker": { "uuid": "49ac8126-7651-4789-aa9a-64071e496611", "symbol": "GBS", "name": "Gold Bullion Securities", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 53.679, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -50.989, "architecture_energy": 47.534, "architecture_maturity": 60.552, "architecture_confidence": 62.933, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 27.56, "rotation_up": 26.11, "upward_expansion": 19.42, "deceleration": 66.78, "rotation_down": 45.98, "downward_expansion": 69.42 }, "activity_lines": [ 330.061997, 329.501451, 338.729094, 348.534666 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 343.649994, "trend_reference": 360.686999, "distance_from_trend": -0.047235, "trend_direction": "Weakening", "fair_value": 255.988332, "distance_from_fair_value": 0.342444, "fair_value_direction": "Weakening", "relative_strength": -13.466996, "relative_strength_direction": "Weakening", "price_momentum": -0.101428, "excess_performance": -0.272319, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.047235, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.002982, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.342444, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.171747, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.13467, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.137049, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.101428, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.779933, "read": "Supply-led" } ], "volume": { "latest": 13084, "relative_activity": 0.981512, "balance": 0.779933, "dry_up": 0.717943, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.033869, "annualized_volatility": 0.224035, "from_high_reference": -0.191412, "from_low_reference": 0.316667 }, "levels": { "trend_reference": 360.686999, "fair_value_reference": 255.988332, "structural_low": 316.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.011651, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.023353, "regime_survival": 0.714286, "best_return": 0.04708, "worst_return": -0.035583, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.045395, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.017136, "regime_survival": 0.333333, "best_return": 0.086398, "worst_return": 0.00121, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.078369, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.107647, "regime_survival": 0.0, "best_return": 0.087713, "worst_return": 0.069026, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.177819, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.091139, "regime_survival": 0.5, "best_return": 0.291684, "worst_return": 0.063953, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-23", "end": "2023-07-07", "tenure": "New", "return": -0.001777, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-07-14", "end": "2023-08-04", "tenure": "New", "return": 0.008253, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-08-11", "end": "2023-08-11", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-08-18", "end": "2023-10-06", "tenure": "Developing", "return": -0.005224, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-13", "end": "2023-10-13", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-10-20", "end": "2023-11-10", "tenure": "New", "return": -0.035647, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-17", "end": "2024-05-31", "tenure": "Extended", "return": 0.177562, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-07", "end": "2024-07-05", "tenure": "Developing", "return": 0.030648, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2025-07-11", "tenure": "Extended", "return": 0.297037, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-09-05", "tenure": "Developing", "return": 0.061434, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-03-27", "tenure": "Extended", "return": 0.258106, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": -0.037851, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": -0.08753, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.032788, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 160.809998, "volume": 8681, "typical_volume": 22108.05, "trend": 164.996, "fair_value": 153.263526, "relative_strength": -9.086095, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.855813, "energy": 46.933881, "activity_lines": [ 161.973999, 162.329272, 164.231571, 164.971784 ] }, { "date": "2023-08-25", "close": 163.339996, "volume": 12979, "typical_volume": 22009.1, "trend": 164.950333, "fair_value": 153.318847, "relative_strength": -8.684102, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.647482, "energy": 44.164107, "activity_lines": [ 162.268665, 162.43018, 164.00257, 164.864945 ] }, { "date": "2023-09-01", "close": 165.860001, "volume": 16933, "typical_volume": 21756.9, "trend": 165.166333, "fair_value": 153.40577, "relative_strength": -8.304487, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.260233, "energy": 21.127368, "activity_lines": [ 163.377999, 163.034181, 164.046951, 164.923633 ] }, { "date": "2023-09-08", "close": 165.639999, "volume": 17682, "typical_volume": 21128.45, "trend": 165.315333, "fair_value": 153.480193, "relative_strength": -6.701462, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.038653, "energy": 17.21769, "activity_lines": [ 164.321999, 163.550544, 164.082237, 164.954193 ] }, { "date": "2023-09-15", "close": 166.75, "volume": 29617, "typical_volume": 21623.9, "trend": 165.557999, "fair_value": 153.56218, "relative_strength": -7.836752, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.129867, "energy": 20.11775, "activity_lines": [ 165.425333, 164.210181, 164.228047, 165.046752 ] }, { "date": "2023-09-22", "close": 167.029999, "volume": 18458, "typical_volume": 21519.15, "trend": 165.824999, "fair_value": 153.671795, "relative_strength": -6.188478, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 25.669099, "energy": 33.730515, "activity_lines": [ 166.275333, 164.851636, 164.400714, 165.14172 ] }, { "date": "2023-09-29", "close": 161.960007, "volume": 69394, "typical_volume": 23877.95, "trend": 165.853333, "fair_value": 153.734488, "relative_strength": -7.410359, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.6029, "energy": 20.746371, "activity_lines": [ 165.020669, 164.464364, 164.099286, 164.892365 ] }, { "date": "2023-10-06", "close": 159.970001, "volume": 52001, "typical_volume": 25597.05, "trend": 165.815999, "fair_value": 153.784295, "relative_strength": -6.55944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.43383, "energy": 28.157855, "activity_lines": [ 163.194669, 163.733455, 163.652619, 164.512795 ] }, { "date": "2023-10-13", "close": 168.979996, "volume": 24692, "typical_volume": 26027.6, "trend": 165.789666, "fair_value": 153.896859, "relative_strength": -2.327477, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.685104, "energy": 6.671031, "activity_lines": [ 164.764667, 164.722727, 164.106809, 164.716924 ] }, { "date": "2023-10-20", "close": 173.929993, "volume": 27594, "typical_volume": 26867.75, "trend": 165.895332, "fair_value": 154.051283, "relative_strength": 4.043526, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.522297, "energy": 31.167116, "activity_lines": [ 167.761998, 166.493817, 165.026904, 165.242107 ] }, { "date": "2023-10-27", "close": 172.539993, "volume": 92303, "typical_volume": 30098.85, "trend": 166.029666, "fair_value": 154.189744, "relative_strength": 3.629034, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.718833, "energy": 63.33727, "activity_lines": [ 169.817329, 167.787089, 165.792379, 165.670794 ] }, { "date": "2023-11-03", "close": 171.149994, "volume": 78792, "typical_volume": 32973.0, "trend": 166.056332, "fair_value": 154.302757, "relative_strength": -1.949917, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.993583, "energy": 65.630486, "activity_lines": [ 171.041994, 168.614361, 166.407379, 166.001138 ] }, { "date": "2023-11-10", "close": 167.729996, "volume": 27257, "typical_volume": 33050.85, "trend": 166.035665, "fair_value": 154.419872, "relative_strength": -3.155465, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.950735, "energy": 71.336883, "activity_lines": [ 170.513994, 168.677815, 166.671236, 166.109116 ] }, { "date": "2023-11-17", "close": 168.110001, "volume": 19322, "typical_volume": 33437.85, "trend": 166.084332, "fair_value": 154.551282, "relative_strength": -6.007476, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.221648, "energy": 43.340098, "activity_lines": [ 169.59533, 168.776361, 166.949903, 166.242945 ] }, { "date": "2023-11-24", "close": 168.820007, "volume": 25458, "typical_volume": 34113.65, "trend": 166.151999, "fair_value": 154.739167, "relative_strength": -5.225753, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.090349, "energy": 28.858145, "activity_lines": [ 168.971334, 168.95909, 167.269094, 166.41944 ] }, { "date": "2023-12-01", "close": 174.679993, "volume": 25770, "typical_volume": 34824.15, "trend": 166.345666, "fair_value": 154.954359, "relative_strength": -3.379688, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.709322, "energy": 40.914417, "activity_lines": [ 170.641332, 170.169634, 168.118427, 166.969633 ] }, { "date": "2023-12-08", "close": 172.070007, "volume": 34447, "typical_volume": 35795.1, "trend": 166.372666, "fair_value": 155.145513, "relative_strength": -6.054397, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.475482, "energy": 39.266258, "activity_lines": [ 171.298668, 170.766545, 168.654761, 167.338945 ] }, { "date": "2023-12-15", "close": 172.149994, "volume": 30094, "typical_volume": 36523.75, "trend": 166.479333, "fair_value": 155.327372, "relative_strength": -5.637187, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.100265, "energy": 47.409614, "activity_lines": [ 171.921333, 171.19418, 169.155332, 167.711676 ] }, { "date": "2023-12-22", "close": 172.559998, "volume": 14969, "typical_volume": 34228.65, "trend": 166.637332, "fair_value": 155.514552, "relative_strength": -5.074219, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.68324, "energy": 56.620642, "activity_lines": [ 172.385999, 171.474908, 169.658427, 168.103977 ] }, { "date": "2023-12-29", "close": 172.339996, "volume": 16878, "typical_volume": 32166.05, "trend": 166.739999, "fair_value": 155.700257, "relative_strength": -4.89868, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.915732, "energy": 43.58362, "activity_lines": [ 172.480664, 171.650544, 170.09257, 168.471891 ] }, { "date": "2024-01-05", "close": 172.539993, "volume": 5831, "typical_volume": 32023.55, "trend": 166.866665, "fair_value": 155.897885, "relative_strength": -4.825396, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.106702, "energy": 37.142213, "activity_lines": [ 172.407329, 171.891452, 170.494379, 168.846084 ] }, { "date": "2024-01-12", "close": 172.75, "volume": 22692, "typical_volume": 32509.2, "trend": 167.097999, "fair_value": 156.100769, "relative_strength": -4.594053, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.753607, "energy": 37.347856, "activity_lines": [ 172.546663, 172.170543, 170.860331, 169.225654 ] }, { "date": "2024-01-19", "close": 171.600006, "volume": 20710, "typical_volume": 32698.05, "trend": 167.376665, "fair_value": 156.289872, "relative_strength": -4.422884, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.498095, "energy": 32.979426, "activity_lines": [ 172.257333, 172.211454, 171.071951, 169.516106 ] }, { "date": "2024-01-26", "close": 171.229996, "volume": 18097, "typical_volume": 32718.8, "trend": 167.670332, "fair_value": 156.471667, "relative_strength": -4.743654, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.951728, "energy": 25.855333, "activity_lines": [ 171.881332, 172.114726, 171.220998, 169.764708 ] }, { "date": "2024-02-02", "close": 173.839996, "volume": 19642, "typical_volume": 32220.05, "trend": 168.033332, "fair_value": 156.685898, "relative_strength": -4.279791, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.505921, "energy": 33.968202, "activity_lines": [ 172.463998, 172.435816, 171.591998, 170.162751 ] }, { "date": "2024-02-09", "close": 172.940002, "volume": 34307, "typical_volume": 33012.5, "trend": 168.426332, "fair_value": 156.8925, "relative_strength": -6.004034, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.613716, "energy": 30.778813, "activity_lines": [ 172.646666, 172.501999, 171.843522, 170.47931 ] }, { "date": "2024-02-16", "close": 171.910004, "volume": 23113, "typical_volume": 30698.45, "trend": 168.724665, "fair_value": 157.114167, "relative_strength": -8.161546, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.518887, "energy": 27.470935, "activity_lines": [ 172.459334, 172.412545, 171.968809, 170.704063 ] }, { "date": "2024-02-23", "close": 173.25, "volume": 8044, "typical_volume": 28500.6, "trend": 169.016999, "fair_value": 157.372949, "relative_strength": -10.013816, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.35466, "energy": 31.758668, "activity_lines": [ 172.774667, 172.569636, 172.174333, 170.99602 ] }, { "date": "2024-03-01", "close": 176.679993, "volume": 33468, "typical_volume": 28939.4, "trend": 169.490332, "fair_value": 157.653654, "relative_strength": -8.754709, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.942957, "energy": 51.520038, "activity_lines": [ 174.123332, 173.330363, 172.643284, 171.490407 ] }, { "date": "2024-03-08", "close": 183.220001, "volume": 48646, "typical_volume": 29992.0, "trend": 170.212665, "fair_value": 157.970641, "relative_strength": -6.580291, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.148209, "energy": 83.886511, "activity_lines": [ 177.288666, 175.205272, 173.698428, 172.376192 ] }, { "date": "2024-03-15", "close": 183.070007, "volume": 26167, "typical_volume": 26685.2, "trend": 170.954666, "fair_value": 158.270064, "relative_strength": -7.748663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.647131, "energy": 92.152057, "activity_lines": [ 179.778668, 176.855092, 174.695047, 173.205698 ] }, { "date": "2024-03-22", "close": 184.679993, "volume": 14917, "typical_volume": 23491.45, "trend": 171.665999, "fair_value": 158.575, "relative_strength": -7.662275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.371721, "energy": 93.643659, "activity_lines": [ 182.129999, 178.606181, 175.794856, 174.091203 ] }, { "date": "2024-03-29", "close": 189.360001, "volume": 16822, "typical_volume": 22969.7, "trend": 172.449332, "fair_value": 158.910769, "relative_strength": -6.191306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.894553, "energy": 96.690277, "activity_lines": [ 185.19, 180.991272, 177.275952, 175.232752 ] }, { "date": "2024-04-05", "close": 197.800003, "volume": 26580, "typical_volume": 23332.6, "trend": 173.521332, "fair_value": 159.301731, "relative_strength": 0.266352, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.674632, "energy": 98.881071, "activity_lines": [ 189.989334, 184.588, 179.457857, 176.868279 ] }, { "date": "2024-04-12", "close": 207.449997, "volume": 44614, "typical_volume": 24290.4, "trend": 174.877999, "fair_value": 159.744103, "relative_strength": 5.890776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.606034, "energy": 99.319444, "activity_lines": [ 196.597333, 189.456182, 182.417428, 179.057225 ] }, { "date": "2024-04-19", "close": 206.75, "volume": 31268, "typical_volume": 24565.3, "trend": 176.201999, "fair_value": 160.188333, "relative_strength": 5.011088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.587533, "energy": 96.956425, "activity_lines": [ 201.356666, 193.586, 185.126381, 181.113483 ] }, { "date": "2024-04-26", "close": 201.389999, "volume": 17234, "typical_volume": 23704.65, "trend": 177.516332, "fair_value": 160.601218, "relative_strength": 1.403111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.568792, "energy": 88.237776, "activity_lines": [ 202.750666, 196.126545, 187.172142, 182.738515 ] }, { "date": "2024-05-03", "close": 196.039993, "volume": 11455, "typical_volume": 22772.7, "trend": 178.718665, "fair_value": 160.956026, "relative_strength": 0.647287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.995454, "energy": 67.869554, "activity_lines": [ 201.247331, 197.158362, 188.568761, 183.93359 ] }, { "date": "2024-05-10", "close": 202.25, "volume": 53798, "typical_volume": 24714.15, "trend": 179.827665, "fair_value": 161.346923, "relative_strength": 0.898487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.712058, "energy": 66.994424, "activity_lines": [ 201.368664, 198.904908, 190.443047, 185.451741 ] }, { "date": "2024-05-17", "close": 203.960007, "volume": 26335, "typical_volume": 25187.0, "trend": 180.828666, "fair_value": 161.734872, "relative_strength": -0.256073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.025404, "energy": 64.901814, "activity_lines": [ 201.763334, 200.497455, 192.338809, 187.008666 ] }, { "date": "2024-05-24", "close": 198.179993, "volume": 31987, "typical_volume": 26494.8, "trend": 181.683332, "fair_value": 162.076603, "relative_strength": -0.353324, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.342017, "energy": 49.424328, "activity_lines": [ 200.463999, 200.661999, 193.533523, 188.128107 ] }, { "date": "2024-05-31", "close": 197.960007, "volume": 11215, "typical_volume": 25920.95, "trend": 182.576999, "fair_value": 162.41609, "relative_strength": -0.295959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.412288, "energy": 47.076404, "activity_lines": [ 199.662668, 200.511818, 194.58519, 189.178215 ] }, { "date": "2024-06-07", "close": 196.75, "volume": 23593, "typical_volume": 26065.1, "trend": 183.544333, "fair_value": 162.750385, "relative_strength": -1.208877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.454324, "energy": 39.628274, "activity_lines": [ 198.686668, 199.900182, 195.401571, 190.092602 ] }, { "date": "2024-06-14", "close": 200.399994, "volume": 14847, "typical_volume": 25902.6, "trend": 184.620666, "fair_value": 163.139872, "relative_strength": 6.703724, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.238872, "energy": 34.098377, "activity_lines": [ 198.879999, 199.817817, 196.445809, 191.180064 ] }, { "date": "2024-06-21", "close": 200.539993, "volume": 13076, "typical_volume": 25574.3, "trend": 185.677999, "fair_value": 163.534744, "relative_strength": 4.706334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.586347, "energy": 33.544738, "activity_lines": [ 199.24333, 199.713634, 197.364475, 192.207117 ] }, { "date": "2024-06-28", "close": 200.100006, "volume": 6644, "typical_volume": 24191.15, "trend": 186.525333, "fair_value": 163.917756, "relative_strength": 4.86607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.795515, "energy": 36.037824, "activity_lines": [ 199.687999, 199.65509, 198.114095, 193.137569 ] }, { "date": "2024-07-05", "close": 202.779999, "volume": 13559, "typical_volume": 23713.45, "trend": 187.548999, "fair_value": 164.30641, "relative_strength": 3.628244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.270838, "energy": 44.313241, "activity_lines": [ 200.897999, 200.204727, 198.989618, 194.186257 ] }, { "date": "2024-07-12", "close": 203.509995, "volume": 8669, "typical_volume": 23744.7, "trend": 188.594332, "fair_value": 164.694936, "relative_strength": 2.128224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.634001, "energy": 49.045541, "activity_lines": [ 202.029998, 200.861817, 199.787666, 195.215999 ] }, { "date": "2024-07-19", "close": 203.309998, "volume": 18066, "typical_volume": 22974.6, "trend": 189.619332, "fair_value": 165.084103, "relative_strength": 3.015028, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.010554, "energy": 49.275496, "activity_lines": [ 202.644665, 201.346726, 200.42257, 196.165397 ] }, { "date": "2024-07-26", "close": 202.25, "volume": 26213, "typical_volume": 21852.95, "trend": 190.616333, "fair_value": 165.462949, "relative_strength": 3.562201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.148, "energy": 48.239869, "activity_lines": [ 202.711999, 201.619635, 200.829713, 196.980279 ] }, { "date": "2024-08-02", "close": 204.460007, "volume": 18761, "typical_volume": 21482.65, "trend": 191.680333, "fair_value": 165.879872, "relative_strength": 10.298795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.246254, "energy": 44.957236, "activity_lines": [ 203.402001, 202.325455, 201.356714, 197.873419 ] }, { "date": "2024-08-09", "close": 204.660004, "volume": 55627, "typical_volume": 23518.15, "trend": 192.744, "fair_value": 166.293269, "relative_strength": 10.962411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.259469, "energy": 42.36324, "activity_lines": [ 203.868003, 202.953455, 201.800905, 198.710817 ] }, { "date": "2024-08-16", "close": 208.179993, "volume": 8706, "typical_volume": 23112.35, "trend": 193.963333, "fair_value": 166.71609, "relative_strength": 8.387492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.678605, "energy": 48.784227, "activity_lines": [ 205.382, 204.099636, 202.48519, 199.706688 ] }, { "date": "2024-08-23", "close": 206.929993, "volume": 11102, "typical_volume": 22338.45, "trend": 195.153333, "fair_value": 167.126987, "relative_strength": 5.661401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.639684, "energy": 50.198202, "activity_lines": [ 206.167998, 204.810726, 202.960808, 200.543246 ] }, { "date": "2024-08-30", "close": 208.369995, "volume": 6544, "typical_volume": 20434.95, "trend": 196.304333, "fair_value": 167.542692, "relative_strength": 4.064924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.930757, "energy": 54.807406, "activity_lines": [ 207.192663, 205.664907, 203.530094, 201.395934 ] }, { "date": "2024-09-06", "close": 208.399994, "volume": 10934, "typical_volume": 19418.25, "trend": 197.486332, "fair_value": 167.972756, "relative_strength": 7.323374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.808512, "energy": 57.101868, "activity_lines": [ 207.819328, 206.382179, 204.097855, 202.176299 ] }, { "date": "2024-09-13", "close": 213.869995, "volume": 10936, "typical_volume": 19103.35, "trend": 198.884999, "fair_value": 168.451731, "relative_strength": 9.015706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.754819, "energy": 67.91216, "activity_lines": [ 210.006661, 207.943087, 205.178712, 203.23331 ] }, { "date": "2024-09-20", "close": 215.75, "volume": 15792, "typical_volume": 19320.2, "trend": 200.301665, "fair_value": 168.941731, "relative_strength": 9.146268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.058204, "energy": 78.372619, "activity_lines": [ 212.206663, 209.644179, 206.379188, 204.321375 ] }, { "date": "2024-09-27", "close": 218.669998, "volume": 19547, "typical_volume": 17607.65, "trend": 201.701332, "fair_value": 169.438205, "relative_strength": 7.351174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.644109, "energy": 85.177098, "activity_lines": [ 214.875331, 211.653633, 207.763903, 205.506428 ] }, { "date": "2024-10-04", "close": 223.100006, "volume": 16448, "typical_volume": 17113.3, "trend": 203.030666, "fair_value": 169.961859, "relative_strength": 12.890845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.539448, "energy": 92.238652, "activity_lines": [ 218.238, 214.189271, 209.492332, 206.886988 ] }, { "date": "2024-10-11", "close": 223.309998, "volume": 18255, "typical_volume": 16426.7, "trend": 204.371999, "fair_value": 170.481731, "relative_strength": 10.456032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.477424, "energy": 91.24965, "activity_lines": [ 220.688667, 216.383998, 211.149617, 208.195332 ] }, { "date": "2024-10-18", "close": 229.899994, "volume": 22784, "typical_volume": 17005.15, "trend": 205.879332, "fair_value": 171.032179, "relative_strength": 10.758966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.078013, "energy": 95.269445, "activity_lines": [ 224.341998, 219.434179, 213.314855, 209.842299 ] }, { "date": "2024-10-25", "close": 232.899994, "volume": 39084, "typical_volume": 17779.7, "trend": 207.330665, "fair_value": 171.6075, "relative_strength": 13.446831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.906762, "energy": 95.316158, "activity_lines": [ 227.926663, 222.570906, 215.613712, 211.585568 ] }, { "date": "2024-11-01", "close": 232.539993, "volume": 31678, "typical_volume": 18621.25, "trend": 208.488665, "fair_value": 172.161923, "relative_strength": 13.325878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.281501, "energy": 92.375435, "activity_lines": [ 230.247995, 225.192724, 217.70614, 213.211976 ] }, { "date": "2024-11-08", "close": 230.270004, "volume": 92485, "typical_volume": 22591.7, "trend": 209.249332, "fair_value": 172.668013, "relative_strength": 14.725341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.276294, "energy": 87.201285, "activity_lines": [ 230.887997, 226.93618, 219.429331, 214.617224 ] }, { "date": "2024-11-15", "close": 223.75, "volume": 29897, "typical_volume": 23754.35, "trend": 209.815998, "fair_value": 173.12282, "relative_strength": 9.953318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.825446, "energy": 65.331789, "activity_lines": [ 228.876665, 227.095998, 220.389998, 215.552751 ] }, { "date": "2024-11-22", "close": 239.020004, "volume": 18502, "typical_volume": 24001.5, "trend": 211.070332, "fair_value": 173.708141, "relative_strength": 19.36137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.018999, "energy": 71.243902, "activity_lines": [ 231.926001, 229.75309, 222.692332, 217.43688 ] }, { "date": "2024-11-29", "close": 231.789993, "volume": 21794, "typical_volume": 24657.75, "trend": 212.261999, "fair_value": 174.255769, "relative_strength": 15.618874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.822182, "energy": 56.631332, "activity_lines": [ 231.957332, 230.638362, 224.133522, 218.773633 ] }, { "date": "2024-12-06", "close": 229.479996, "volume": 18611, "typical_volume": 24685.0, "trend": 213.169665, "fair_value": 174.786025, "relative_strength": 9.736986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.810984, "energy": 50.46504, "activity_lines": [ 231.292665, 230.811998, 225.220045, 219.884471 ] }, { "date": "2024-12-13", "close": 233.229996, "volume": 13591, "typical_volume": 24053.9, "trend": 214.145331, "fair_value": 175.327179, "relative_strength": 10.725946, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.662056, "energy": 53.609277, "activity_lines": [ 232.081997, 231.470906, 226.539093, 221.178686 ] }, { "date": "2024-12-20", "close": 231.5, "volume": 13978, "typical_volume": 23814.75, "trend": 215.255998, "fair_value": 175.858333, "relative_strength": 13.137904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.306876, "energy": 43.802171, "activity_lines": [ 232.097331, 231.631089, 227.545855, 222.298342 ] }, { "date": "2024-12-27", "close": 230.759995, "volume": 8040, "typical_volume": 21435.4, "trend": 216.349331, "fair_value": 176.383718, "relative_strength": 11.092528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.275021, "energy": 36.031435, "activity_lines": [ 231.34933, 231.507816, 228.353378, 223.2986 ] }, { "date": "2025-01-03", "close": 235.610001, "volume": 8865, "typical_volume": 21443.35, "trend": 217.644665, "fair_value": 176.953077, "relative_strength": 13.09511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.831285, "energy": 45.122544, "activity_lines": [ 232.768665, 232.250725, 229.498522, 224.541224 ] }, { "date": "2025-01-10", "close": 241.419998, "volume": 42169, "typical_volume": 22996.7, "trend": 219.011998, "fair_value": 177.551602, "relative_strength": 12.278738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.530581, "energy": 52.153582, "activity_lines": [ 235.869998, 234.000725, 231.066379, 226.075116 ] }, { "date": "2025-01-17", "close": 242.330002, "volume": 21801, "typical_volume": 23759.55, "trend": 220.404998, "fair_value": 178.141346, "relative_strength": 8.695011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.040432, "energy": 62.054956, "activity_lines": [ 238.478666, 235.754726, 232.556665, 227.579504 ] }, { "date": "2025-01-24", "close": 242.570007, "volume": 15170, "typical_volume": 23971.35, "trend": 221.820665, "fair_value": 178.742884, "relative_strength": 8.642341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.864874, "energy": 72.619463, "activity_lines": [ 240.560669, 237.333091, 233.908094, 229.009504 ] }, { "date": "2025-01-31", "close": 248.009995, "volume": 19959, "typical_volume": 24422.5, "trend": 223.328332, "fair_value": 179.393205, "relative_strength": 9.862668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.198451, "energy": 79.965685, "activity_lines": [ 243.718, 239.558363, 235.614904, 230.699138 ] }, { "date": "2025-02-07", "close": 255.039993, "volume": 22715, "typical_volume": 24768.65, "trend": 225.045998, "fair_value": 180.069679, "relative_strength": 10.738075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.546738, "energy": 87.91055, "activity_lines": [ 248.068665, 242.898362, 237.828665, 232.745052 ] }, { "date": "2025-02-14", "close": 253.160004, "volume": 41002, "typical_volume": 25841.4, "trend": 226.707665, "fair_value": 180.696987, "relative_strength": 6.840491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.479922, "energy": 85.136513, "activity_lines": [ 250.497333, 245.473818, 239.676285, 234.558859 ] }, { "date": "2025-02-21", "close": 257.839996, "volume": 19063, "typical_volume": 25972.15, "trend": 228.560665, "fair_value": 181.351474, "relative_strength": 7.094524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.572843, "energy": 91.62619, "activity_lines": [ 253.703331, 248.469635, 241.80538, 236.567396 ] }, { "date": "2025-02-28", "close": 251.460007, "volume": 13924, "typical_volume": 25755.6, "trend": 230.127332, "fair_value": 181.892884, "relative_strength": 3.450212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.309019, "energy": 83.71191, "activity_lines": [ 253.748667, 249.858, 243.161428, 238.044773 ] }, { "date": "2025-03-07", "close": 246.899994, "volume": 32501, "typical_volume": 26241.45, "trend": 231.535331, "fair_value": 182.394551, "relative_strength": 1.454273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.52396, "energy": 56.763104, "activity_lines": [ 251.681332, 250.054363, 243.949142, 239.12688 ] }, { "date": "2025-03-14", "close": 252.130005, "volume": 47695, "typical_volume": 26672.0, "trend": 233.000332, "fair_value": 182.971089, "relative_strength": 3.082368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.039811, "energy": 51.860719, "activity_lines": [ 251.431335, 250.908182, 245.154, 240.455569 ] }, { "date": "2025-03-21", "close": 255.919998, "volume": 11231, "typical_volume": 25649.65, "trend": 234.633332, "fair_value": 183.550577, "relative_strength": 3.240837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.354962, "energy": 50.012778, "activity_lines": [ 252.638667, 252.150727, 246.628238, 241.934257 ] }, { "date": "2025-03-28", "close": 261.179993, "volume": 11232, "typical_volume": 21587.0, "trend": 236.393665, "fair_value": 184.18532, "relative_strength": 5.756502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.630629, "energy": 55.766472, "activity_lines": [ 255.415331, 254.085999, 248.492094, 243.646945 ] }, { "date": "2025-04-04", "close": 252.899994, "volume": 41289, "typical_volume": 22156.6, "trend": 237.876998, "fair_value": 184.741025, "relative_strength": 13.981664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.144153, "energy": 47.559054, "activity_lines": [ 255.209329, 254.173089, 249.420189, 244.711869 ] }, { "date": "2025-04-11", "close": 262.459991, "volume": 62417, "typical_volume": 24352.35, "trend": 239.496665, "fair_value": 185.339487, "relative_strength": 19.884239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.209405, "energy": 56.417165, "activity_lines": [ 258.093994, 255.810542, 251.11995, 246.297869 ] }, { "date": "2025-04-18", "close": 266.109985, "volume": 16108, "typical_volume": 24068.05, "trend": 241.175331, "fair_value": 185.978717, "relative_strength": 14.511628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.822472, "energy": 60.868455, "activity_lines": [ 261.15799, 257.848903, 253.055711, 248.014857 ] }, { "date": "2025-04-25", "close": 264.130005, "volume": 21199, "typical_volume": 24197.45, "trend": 242.690665, "fair_value": 186.596538, "relative_strength": 9.109146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.456607, "energy": 52.472046, "activity_lines": [ 262.629995, 259.325996, 254.639473, 249.495804 ] }, { "date": "2025-05-02", "close": 263.140015, "volume": 9514, "typical_volume": 23993.6, "trend": 244.025332, "fair_value": 187.220192, "relative_strength": 5.59629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.702196, "energy": 54.599433, "activity_lines": [ 263.224668, 260.423635, 255.963951, 250.815117 ] }, { "date": "2025-05-09", "close": 272.029999, "volume": 17377, "typical_volume": 24163.55, "trend": 245.649332, "fair_value": 187.92814, "relative_strength": 5.938081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.457671, "energy": 60.514142, "activity_lines": [ 266.652002, 263.041272, 257.992666, 252.62187 ] }, { "date": "2025-05-16", "close": 261.709991, "volume": 18480, "typical_volume": 24685.55, "trend": 246.709665, "fair_value": 188.564551, "relative_strength": -1.500884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.152763, "energy": 45.315046, "activity_lines": [ 265.363999, 263.408543, 258.845522, 253.658041 ] }, { "date": "2025-05-23", "close": 271.809998, "volume": 16836, "typical_volume": 25084.1, "trend": 248.006665, "fair_value": 189.276666, "relative_strength": 5.008829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.296629, "energy": 49.386487, "activity_lines": [ 267.492666, 265.342907, 260.512903, 255.277418 ] }, { "date": "2025-05-30", "close": 265.690002, "volume": 18451, "typical_volume": 23898.2, "trend": 249.111665, "fair_value": 189.951025, "relative_strength": 0.814718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.088445, "energy": 43.134762, "activity_lines": [ 267.201333, 265.806726, 261.425046, 256.418278 ] }, { "date": "2025-06-06", "close": 268.170013, "volume": 9882, "typical_volume": 23302.25, "trend": 250.374999, "fair_value": 190.616281, "relative_strength": 0.193006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.256513, "energy": 38.583801, "activity_lines": [ 267.63267, 266.54382, 262.457809, 257.647849 ] }, { "date": "2025-06-13", "close": 271.570007, "volume": 21875, "typical_volume": 23637.5, "trend": 251.968999, "fair_value": 191.310897, "relative_strength": 4.227022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.01642, "energy": 43.778033, "activity_lines": [ 268.862005, 267.772003, 263.691334, 259.015269 ] }, { "date": "2025-06-20", "close": 268.179993, "volume": 16677, "typical_volume": 23473.4, "trend": 252.940999, "fair_value": 191.99782, "relative_strength": 3.226673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.071996, "energy": 36.49153, "activity_lines": [ 268.992002, 268.044365, 264.463905, 260.061139 ] }, { "date": "2025-06-27", "close": 256.160004, "volume": 17022, "typical_volume": 23188.75, "trend": 253.753333, "fair_value": 192.605705, "relative_strength": -2.783579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.171831, "energy": 17.359044, "activity_lines": [ 264.684003, 266.027275, 263.995667, 260.268817 ] }, { "date": "2025-07-04", "close": 259.390015, "volume": 23775, "typical_volume": 22327.4, "trend": 254.750333, "fair_value": 193.24891, "relative_strength": -1.425542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.551488, "energy": 14.678066, "activity_lines": [ 262.496006, 264.778368, 263.829716, 260.632474 ] }, { "date": "2025-07-11", "close": 263.959991, "volume": 14367, "typical_volume": 22092.6, "trend": 255.774666, "fair_value": 193.934743, "relative_strength": -1.031092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.551122, "energy": 17.803302, "activity_lines": [ 262.251335, 264.446548, 264.069334, 261.226645 ] }, { "date": "2025-07-18", "close": 263.859985, "volume": 8706, "typical_volume": 21831.7, "trend": 256.853333, "fair_value": 194.61782, "relative_strength": -1.814089, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.283837, "energy": 14.930112, "activity_lines": [ 262.253996, 264.081636, 264.270285, 261.748279 ] }, { "date": "2025-07-25", "close": 260.149994, "volume": 15503, "typical_volume": 20981.8, "trend": 257.832999, "fair_value": 195.255961, "relative_strength": -4.290854, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.712566, "energy": 8.883105, "activity_lines": [ 261.533994, 263.190725, 264.058856, 261.960967 ] }, { "date": "2025-08-01", "close": 266.149994, "volume": 8005, "typical_volume": 18997.3, "trend": 258.850999, "fair_value": 195.922371, "relative_strength": -0.243812, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.311932, "energy": 11.187941, "activity_lines": [ 263.349327, 263.419088, 264.35576, 262.497547 ] }, { "date": "2025-08-08", "close": 266.609985, "volume": 15466, "typical_volume": 19209.05, "trend": 259.690665, "fair_value": 196.590063, "relative_strength": -4.097585, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.096527, "energy": 18.599708, "activity_lines": [ 264.65199, 263.833994, 264.629712, 262.998127 ] }, { "date": "2025-08-15", "close": 262.75, "volume": 6730, "typical_volume": 18983.95, "trend": 260.371332, "fair_value": 197.239102, "relative_strength": -7.731005, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.079114, "energy": 14.507689, "activity_lines": [ 264.18666, 263.530358, 264.48514, 263.195503 ] }, { "date": "2025-08-22", "close": 263.980011, "volume": 3729, "typical_volume": 17105.95, "trend": 261.084999, "fair_value": 197.898717, "relative_strength": -8.688876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.59992, "energy": 17.554712, "activity_lines": [ 264.211999, 263.548906, 264.450237, 263.428321 ] }, { "date": "2025-08-29", "close": 269.880005, "volume": 7365, "typical_volume": 14353.35, "trend": 261.813999, "fair_value": 198.612435, "relative_strength": -4.275577, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.869783, "energy": 32.212277, "activity_lines": [ 266.196002, 264.77818, 264.924476, 263.995741 ] }, { "date": "2025-09-05", "close": 280.070007, "volume": 21629, "typical_volume": 14629.4, "trend": 262.648333, "fair_value": 199.391345, "relative_strength": 0.606141, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 79.757128, "energy": 67.792948, "activity_lines": [ 270.928005, 267.829273, 266.333857, 265.173548 ] }, { "date": "2025-09-12", "close": 284.959991, "volume": 21508, "typical_volume": 14644.85, "trend": 263.708332, "fair_value": 200.203268, "relative_strength": -0.033982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.199982, "energy": 84.858297, "activity_lines": [ 276.362001, 271.334726, 268.142475, 266.61301 ] }, { "date": "2025-09-19", "close": 286.470001, "volume": 17750, "typical_volume": 15056.65, "trend": 264.662666, "fair_value": 201.033268, "relative_strength": 0.98879, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.408671, "energy": 90.470024, "activity_lines": [ 281.076001, 274.649818, 269.995713, 268.081505 ] }, { "date": "2025-09-26", "close": 296.0, "volume": 22648, "typical_volume": 15320.2, "trend": 266.147332, "fair_value": 201.915448, "relative_strength": 3.340225, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.093154, "energy": 97.26265, "activity_lines": [ 287.385333, 279.288364, 272.645475, 270.103268 ] }, { "date": "2025-10-03", "close": 303.320007, "volume": 30086, "typical_volume": 15900.5, "trend": 268.027999, "fair_value": 202.826794, "relative_strength": 4.286901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.068105, "energy": 98.086149, "activity_lines": [ 294.000002, 284.673456, 275.878238, 272.501505 ] }, { "date": "2025-10-10", "close": 316.410004, "volume": 30843, "typical_volume": 16600.85, "trend": 270.170666, "fair_value": 203.85064, "relative_strength": 11.593734, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.545615, "energy": 99.007472, "activity_lines": [ 302.748669, 291.653639, 280.159524, 275.622925 ] }, { "date": "2025-10-17", "close": 333.200012, "volume": 43843, "typical_volume": 17870.45, "trend": 272.746666, "fair_value": 204.990704, "relative_strength": 17.84456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.144198, "energy": 99.237007, "activity_lines": [ 314.67134, 300.772732, 285.827478, 279.689334 ] }, { "date": "2025-10-24", "close": 327.01001, "volume": 63815, "typical_volume": 20567.1, "trend": 274.941, "fair_value": 206.106345, "relative_strength": 13.349088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.902399, "energy": 93.161758, "activity_lines": [ 321.314675, 307.555642, 290.584431, 283.190195 ] }, { "date": "2025-10-31", "close": 316.329987, "volume": 49060, "typical_volume": 21926.35, "trend": 277.055333, "fair_value": 207.131474, "relative_strength": 7.710589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.387522, "energy": 68.475732, "activity_lines": [ 321.695335, 311.228366, 294.044049, 285.860452 ] }, { "date": "2025-11-07", "close": 316.899994, "volume": 21881, "typical_volume": 22186.55, "trend": 278.87, "fair_value": 208.14955, "relative_strength": 8.37479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.695286, "energy": 67.225103, "activity_lines": [ 320.910665, 314.05291, 297.34481, 288.431076 ] }, { "date": "2025-11-14", "close": 323.339996, "volume": 39996, "typical_volume": 23335.25, "trend": 280.777667, "fair_value": 209.214807, "relative_strength": 7.625527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.105754, "energy": 65.261822, "activity_lines": [ 321.36733, 317.193454, 301.026905, 291.300108 ] }, { "date": "2025-11-21", "close": 324.029999, "volume": 57741, "typical_volume": 25033.55, "trend": 282.774334, "fair_value": 210.291794, "relative_strength": 11.081522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.079301, "energy": 60.579325, "activity_lines": [ 321.591996, 319.672727, 304.45481, 294.090581 ] }, { "date": "2025-11-28", "close": 332.339996, "volume": 75259, "typical_volume": 28078.15, "trend": 285.081, "fair_value": 211.407627, "relative_strength": 11.874804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.371844, "energy": 64.256781, "activity_lines": [ 325.197996, 322.952544, 308.366333, 297.288365 ] }, { "date": "2025-12-05", "close": 331.829987, "volume": 61379, "typical_volume": 30711.8, "trend": 287.074333, "fair_value": 212.51923, "relative_strength": 11.184264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.0333, "energy": 63.941829, "activity_lines": [ 328.27866, 325.305633, 311.903665, 300.304429 ] }, { "date": "2025-12-12", "close": 334.100006, "volume": 80276, "typical_volume": 33950.45, "trend": 289.487333, "fair_value": 213.658781, "relative_strength": 11.426802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.153677, "energy": 63.384585, "activity_lines": [ 331.082664, 327.419997, 315.333523, 303.338343 ] }, { "date": "2025-12-19", "close": 339.700012, "volume": 178254, "typical_volume": 42462.9, "trend": 291.750334, "fair_value": 214.828781, "relative_strength": 9.920503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.153606, "energy": 65.590257, "activity_lines": [ 334.606669, 329.992909, 318.944572, 306.577871 ] }, { "date": "2025-12-26", "close": 346.649994, "volume": 49031, "typical_volume": 44141.15, "trend": 294.449, "fair_value": 216.041986, "relative_strength": 12.231468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.868889, "energy": 70.195009, "activity_lines": [ 339.356667, 333.405999, 322.867286, 310.119785 ] }, { "date": "2026-01-02", "close": 336.399994, "volume": 107180, "typical_volume": 49163.65, "trend": 296.723333, "fair_value": 217.156473, "relative_strength": 6.920356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.959507, "energy": 58.878611, "activity_lines": [ 339.181999, 334.710907, 325.432666, 312.8263 ] }, { "date": "2026-01-09", "close": 354.399994, "volume": 132141, "typical_volume": 55584.25, "trend": 299.484332, "fair_value": 218.378973, "relative_strength": 11.521816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.946741, "energy": 66.623235, "activity_lines": [ 344.736664, 339.117816, 329.361618, 316.547375 ] }, { "date": "2026-01-16", "close": 362.25, "volume": 68012, "typical_volume": 58616.6, "trend": 302.619999, "fair_value": 219.64673, "relative_strength": 13.405226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.791815, "energy": 83.556088, "activity_lines": [ 351.403331, 344.259816, 333.607618, 320.596773 ] }, { "date": "2026-01-23", "close": 387.359985, "volume": 128836, "typical_volume": 63976.95, "trend": 306.993332, "fair_value": 221.073973, "relative_strength": 23.225423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.78333, "energy": 95.833207, "activity_lines": [ 364.563326, 353.142723, 339.805188, 326.063869 ] }, { "date": "2026-01-30", "close": 383.899994, "volume": 223864, "typical_volume": 74094.75, "trend": 311.143664, "fair_value": 222.513204, "relative_strength": 19.724428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.901114, "energy": 93.018061, "activity_lines": [ 373.392659, 360.232541, 345.16233, 331.025589 ] }, { "date": "2026-02-06", "close": 382.440002, "volume": 143549, "typical_volume": 80384.7, "trend": 315.092998, "fair_value": 223.931601, "relative_strength": 17.891275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.241462, "energy": 85.360847, "activity_lines": [ 379.251996, 365.96836, 349.909283, 335.625353 ] }, { "date": "2026-02-13", "close": 387.529999, "volume": 50427, "typical_volume": 81773.65, "trend": 319.215332, "fair_value": 225.393524, "relative_strength": 20.024585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.464715, "energy": 76.183225, "activity_lines": [ 383.738664, 371.718724, 354.683997, 340.298708 ] }, { "date": "2026-02-20", "close": 393.029999, "volume": 16889, "typical_volume": 81113.8, "trend": 323.644665, "fair_value": 226.893589, "relative_strength": 18.439038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.556191, "energy": 69.036335, "activity_lines": [ 387.849998, 377.45636, 359.546664, 345.060944 ] }, { "date": "2026-02-27", "close": 404.790009, "volume": 18914, "typical_volume": 80517.35, "trend": 328.265999, "fair_value": 228.45564, "relative_strength": 19.413217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.236233, "energy": 71.061509, "activity_lines": [ 393.829336, 384.260726, 365.102141, 350.296128 ] }, { "date": "2026-03-06", "close": 400.630005, "volume": 27665, "typical_volume": 79708.45, "trend": 332.733333, "fair_value": 229.991153, "relative_strength": 25.472283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.032814, "energy": 65.966905, "activity_lines": [ 397.260004, 389.125273, 369.84057, 354.964773 ] }, { "date": "2026-03-13", "close": 404.119995, "volume": 23573, "typical_volume": 77696.35, "trend": 337.445666, "fair_value": 231.493396, "relative_strength": 25.229492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.88964, "energy": 65.162206, "activity_lines": [ 400.738668, 393.642909, 374.590284, 359.570364 ] }, { "date": "2026-03-20", "close": 362.809998, "volume": 18797, "typical_volume": 76183.2, "trend": 340.739999, "fair_value": 232.724486, "relative_strength": 15.717209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.126667, "energy": 43.358129, "activity_lines": [ 389.002, 389.418363, 375.038522, 361.206773 ] }, { "date": "2026-03-27", "close": 358.51001, "volume": 56892, "typical_volume": 77933.75, "trend": 343.694333, "fair_value": 233.942435, "relative_strength": 12.477587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.153873, "energy": 22.687287, "activity_lines": [ 377.480003, 384.259093, 374.855905, 362.353225 ] }, { "date": "2026-04-03", "close": 369.869995, "volume": 9795, "typical_volume": 76423.7, "trend": 346.687666, "fair_value": 235.221409, "relative_strength": 10.096425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.907061, "energy": 23.344668, "activity_lines": [ 372.046, 381.233274, 375.557047, 364.041978 ] }, { "date": "2026-04-10", "close": 372.190002, "volume": 64478, "typical_volume": 76760.55, "trend": 349.595333, "fair_value": 236.528076, "relative_strength": 6.14121, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.415467, "energy": 25.429749, "activity_lines": [ 369.713334, 378.947274, 376.257571, 365.68729 ] }, { "date": "2026-04-17", "close": 376.839996, "volume": 19403, "typical_volume": 73967.75, "trend": 352.607666, "fair_value": 237.875448, "relative_strength": 4.610358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.237075, "energy": 19.614683, "activity_lines": [ 370.826666, 377.719637, 377.171619, 367.44501 ] }, { "date": "2026-04-24", "close": 368.959991, "volume": 5254, "typical_volume": 71161.5, "trend": 355.039666, "fair_value": 239.171409, "relative_strength": 4.846603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.787685, "energy": 11.367043, "activity_lines": [ 371.131996, 375.161089, 377.123284, 368.499999 ] }, { "date": "2026-05-01", "close": 360.450012, "volume": 8133, "typical_volume": 67554.35, "trend": 356.943999, "fair_value": 240.399486, "relative_strength": 1.016423, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.269422, "energy": 7.45916, "activity_lines": [ 368.190667, 371.39291, 376.087667, 368.849053 ] }, { "date": "2026-05-08", "close": 365.899994, "volume": 8775, "typical_volume": 59080.4, "trend": 358.593666, "fair_value": 241.647178, "relative_strength": 0.237904, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.8101, "energy": 10.854263, "activity_lines": [ 366.936666, 369.207999, 375.445618, 369.426859 ] }, { "date": "2026-05-15", "close": 357.440002, "volume": 7872, "typical_volume": 57022.45, "trend": 359.401665, "fair_value": 242.855448, "relative_strength": -1.946756, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.078102, "energy": 21.630973, "activity_lines": [ 363.127333, 366.192, 373.873095, 369.352429 ] }, { "date": "2026-05-22", "close": 355.869995, "volume": 5163, "typical_volume": 51921.6, "trend": 360.363665, "fair_value": 244.060896, "relative_strength": -3.232016, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.490461, "energy": 38.574548, "activity_lines": [ 359.777999, 363.675817, 372.099666, 369.12458 ] }, { "date": "2026-05-29", "close": 358.390015, "volume": 17113, "typical_volume": 46170.2, "trend": 361.765666, "fair_value": 245.273268, "relative_strength": -3.704523, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.231928, "energy": 34.307842, "activity_lines": [ 358.666671, 362.495093, 370.473525, 368.997247 ] }, { "date": "2026-06-05", "close": 344.100006, "volume": 1967, "typical_volume": 42867.95, "trend": 362.672333, "fair_value": 246.397371, "relative_strength": -7.347175, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.938249, "energy": 52.428122, "activity_lines": [ 353.496672, 358.796548, 367.46743, 367.857527 ] }, { "date": "2026-06-12", "close": 333.420013, "volume": 2568, "typical_volume": 36554.55, "trend": 363.008333, "fair_value": 247.471794, "relative_strength": -12.926695, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.884922, "energy": 63.278498, "activity_lines": [ 345.856675, 353.418187, 363.530622, 365.970281 ] }, { "date": "2026-06-19", "close": 330.660004, "volume": 11435, "typical_volume": 25933.1, "trend": 363.229333, "fair_value": 248.544999, "relative_strength": -15.730336, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.72838, "energy": 75.74118, "activity_lines": [ 339.462008, 348.200732, 359.587813, 363.883292 ] }, { "date": "2026-06-26", "close": 327.019989, "volume": 958, "typical_volume": 18803.55, "trend": 363.052, "fair_value": 249.600127, "relative_strength": -14.068065, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.605191, "energy": 91.94847, "activity_lines": [ 333.639335, 343.076548, 355.551859, 361.547205 ] }, { "date": "2026-07-03", "close": 332.73999, "volume": 2943, "typical_volume": 16429.35, "trend": 363.082333, "fair_value": 250.688525, "relative_strength": -15.083116, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.73224, "energy": 87.237714, "activity_lines": [ 331.646663, 339.898182, 352.324572, 359.591592 ] }, { "date": "2026-07-10", "close": 327.549988, "volume": 5578, "typical_volume": 15863.8, "trend": 362.863999, "fair_value": 251.755191, "relative_strength": -16.003406, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.02367, "energy": 87.997267, "activity_lines": [ 329.633993, 336.434725, 348.863904, 357.299182 ] }, { "date": "2026-07-17", "close": 320.339996, "volume": 11879, "typical_volume": 15512.05, "trend": 362.218666, "fair_value": 252.764037, "relative_strength": -16.613032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.600548, "energy": 88.755304, "activity_lines": [ 326.321326, 332.258543, 345.02838, 354.555698 ] }, { "date": "2026-07-24", "close": 326.950012, "volume": 7996, "typical_volume": 14528.6, "trend": 361.561999, "fair_value": 253.805512, "relative_strength": -14.744069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.933573, "energy": 63.539208, "activity_lines": [ 326.083998, 330.112545, 342.224524, 352.280301 ] }, { "date": "2026-07-31", "close": 320.899994, "volume": 5323, "typical_volume": 13616.1, "trend": 361.045333, "fair_value": 254.821025, "relative_strength": -16.805944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.306723, "energy": 66.401733, "activity_lines": [ 324.077331, 327.420907, 339.195333, 349.656946 ] }, { "date": "2026-08-07", "close": 343.649994, "volume": 13084, "typical_volume": 13330.45, "trend": 360.686999, "fair_value": 255.988332, "relative_strength": -13.466996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.989255, "energy": 47.534093, "activity_lines": [ 330.061997, 329.501451, 338.729094, 348.534666 ] } ], "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." } } }