{ "ticker": { "uuid": "4de3a4a2-bd53-479c-a9cf-5100c181d237", "symbol": "COH", "name": "Cochlear Limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 95.579, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -28.621, "architecture_energy": 32.363, "architecture_maturity": 100.0, "architecture_confidence": 68.256, "architecture_tenure": "Extended", "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": 37.27, "rotation_up": 25.93, "upward_expansion": 24.58, "deceleration": 51.67, "rotation_down": 30.71, "downward_expansion": 57.91 }, "activity_lines": [ 119.964668, 119.023819, 115.770524, 127.79062 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 124.860001, "trend_reference": 152.962019, "distance_from_trend": -0.183719, "trend_direction": "Weakening", "fair_value": 258.632687, "distance_from_fair_value": -0.51723, "fair_value_direction": "Improving", "relative_strength": -42.28356, "relative_strength_direction": "Improving", "price_momentum": -0.494598, "excess_performance": -0.558303, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.183719, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.244582, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.51723, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.110094, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.422836, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.176557, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.494598, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.858135, "read": "Supply-led" } ], "volume": { "latest": 1833442, "relative_activity": 0.821608, "balance": 0.858135, "dry_up": 0.821011, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.06499, "annualized_volatility": 0.878482, "from_high_reference": -0.595177, "from_low_reference": 0.407032 }, "levels": { "trend_reference": 152.962019, "fair_value_reference": 258.632687, "structural_low": 88.739998, "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": 22, "median_return": -0.005468, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.008016, "regime_survival": 0.818182, "best_return": 0.174428, "worst_return": -0.426955, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.000938, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.044658, "regime_survival": 0.625, "best_return": 0.051596, "worst_return": -0.397661, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.00182, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.016428, "regime_survival": 0.4, "best_return": 0.22196, "worst_return": -0.60123, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.015559, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.028424, "regime_survival": 0.0, "best_return": 0.049786, "worst_return": -0.018668, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-04-12", "tenure": "Established", "return": 0.182612, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-08-16", "tenure": "Established", "return": -0.031966, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-08-30", "tenure": "New", "return": -0.019968, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2024-12-06", "tenure": "Established", "return": 0.051596, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2025-01-24", "tenure": "Developing", "return": 0.082572, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": -0.030723, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": 0.023142, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-05-23", "tenure": "Established", "return": 0.045038, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.08814, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.039337, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-08-29", "tenure": "Developing", "return": -0.034515, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-11-21", "tenure": "Developing", "return": -0.098907, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": -0.034365, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-08-07", "tenure": "Extended", "return": -0.520092, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 249.458847, "volume": 1538974, "typical_volume": 738052.45, "trend": 223.57853, "fair_value": 204.562874, "relative_strength": 18.034575, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 67.778983, "energy": 44.026738, "activity_lines": [ 232.714511, 227.062583, 227.431329, 226.872142 ] }, { "date": "2023-08-25", "close": 252.585449, "volume": 802904, "typical_volume": 740748.25, "trend": 225.480872, "fair_value": 205.029505, "relative_strength": 19.516997, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.037972, "energy": 76.352734, "activity_lines": [ 240.406403, 232.230277, 229.640906, 228.743556 ] }, { "date": "2023-09-01", "close": 255.940781, "volume": 836649, "typical_volume": 752616.6, "trend": 227.008156, "fair_value": 205.545807, "relative_strength": 17.942498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.211432, "energy": 85.161136, "activity_lines": [ 247.239751, 237.554815, 232.0857, 230.708711 ] }, { "date": "2023-09-08", "close": 256.693848, "volume": 588323, "typical_volume": 746464.5, "trend": 228.884934, "fair_value": 206.055281, "relative_strength": 19.793134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.943505, "energy": 87.967987, "activity_lines": [ 252.453895, 242.313662, 234.50948, 232.623917 ] }, { "date": "2023-09-15", "close": 249.535095, "volume": 828092, "typical_volume": 757962.95, "trend": 230.103083, "fair_value": 206.52206, "relative_strength": 14.173149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.660874, "energy": 82.582023, "activity_lines": [ 253.126864, 245.07385, 236.161281, 233.956186 ] }, { "date": "2023-09-22", "close": 246.099609, "volume": 669962, "typical_volume": 762975.9, "trend": 231.168849, "fair_value": 206.906056, "relative_strength": 15.467954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.569554, "energy": 74.705555, "activity_lines": [ 250.879132, 246.512337, 237.417169, 234.988219 ] }, { "date": "2023-09-29", "close": 245.015213, "volume": 757456, "typical_volume": 769251.75, "trend": 232.290294, "fair_value": 207.309665, "relative_strength": 14.826124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.983887, "energy": 48.192921, "activity_lines": [ 248.493884, 247.271401, 238.512652, 235.881533 ] }, { "date": "2023-10-06", "close": 245.034393, "volume": 711952, "typical_volume": 767006.95, "trend": 233.209476, "fair_value": 207.638615, "relative_strength": 15.892319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.772729, "energy": 32.759269, "activity_lines": [ 246.619712, 247.632413, 239.567075, 236.703733 ] }, { "date": "2023-10-13", "close": 246.425888, "volume": 589700, "typical_volume": 759253.35, "trend": 234.199024, "fair_value": 207.956901, "relative_strength": 14.403866, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.086408, "energy": 27.571007, "activity_lines": [ 245.936464, 247.934661, 240.712857, 237.556405 ] }, { "date": "2023-10-20", "close": 235.246078, "volume": 641112, "typical_volume": 752255.15, "trend": 234.863097, "fair_value": 208.133767, "relative_strength": 11.124706, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.463032, "energy": 19.37503, "activity_lines": [ 242.211144, 245.8032, 240.732535, 237.623957 ] }, { "date": "2023-10-27", "close": 232.722214, "volume": 750102, "typical_volume": 751197.65, "trend": 235.099881, "fair_value": 208.370244, "relative_strength": 10.663412, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.500602, "energy": 17.328476, "activity_lines": [ 238.597136, 242.988417, 240.503765, 237.485835 ] }, { "date": "2023-11-03", "close": 237.587601, "volume": 702624, "typical_volume": 712109.1, "trend": 235.190317, "fair_value": 208.565907, "relative_strength": 10.031362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.161243, "energy": 20.126218, "activity_lines": [ 237.496751, 241.362553, 240.717204, 237.646333 ] }, { "date": "2023-11-10", "close": 242.520142, "volume": 637638, "typical_volume": 705073.95, "trend": 235.392109, "fair_value": 208.751419, "relative_strength": 11.861966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.940701, "energy": 17.187624, "activity_lines": [ 238.53572, 240.906202, 241.353127, 238.119225 ] }, { "date": "2023-11-17", "close": 249.266418, "volume": 562931, "typical_volume": 695469.6, "trend": 235.775881, "fair_value": 208.977219, "relative_strength": 13.21894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.760963, "energy": 20.374364, "activity_lines": [ 241.991064, 241.920458, 242.511443, 239.014342 ] }, { "date": "2023-11-24", "close": 248.364349, "volume": 404591, "typical_volume": 679647.75, "trend": 236.217916, "fair_value": 209.254625, "relative_strength": 12.396427, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 47.129319, "energy": 33.210794, "activity_lines": [ 244.956351, 242.905746, 243.436652, 239.826501 ] }, { "date": "2023-12-01", "close": 261.300293, "volume": 1056116, "typical_volume": 702420.05, "trend": 237.124513, "fair_value": 209.658734, "relative_strength": 17.062976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.61607, "energy": 74.448201, "activity_lines": [ 251.359067, 246.26431, 245.416864, 241.444719 ] }, { "date": "2023-12-08", "close": 271.885132, "volume": 851462, "typical_volume": 717598.8, "trend": 238.320389, "fair_value": 210.221156, "relative_strength": 18.9905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.903179, "energy": 87.70164, "activity_lines": [ 259.384857, 251.271014, 248.206466, 243.68734 ] }, { "date": "2023-12-15", "close": 287.671173, "volume": 1113655, "typical_volume": 749332.5, "trend": 240.029757, "fair_value": 210.890924, "relative_strength": 20.882847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.076709, "energy": 97.060759, "activity_lines": [ 270.386159, 258.659364, 252.266384, 246.871261 ] }, { "date": "2023-12-22", "close": 283.228119, "volume": 657398, "typical_volume": 758503.95, "trend": 241.686028, "fair_value": 211.570548, "relative_strength": 17.315682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.035561, "energy": 93.442889, "activity_lines": [ 276.896375, 264.464671, 255.618469, 249.658252 ] }, { "date": "2023-12-29", "close": 286.615601, "volume": 263857, "typical_volume": 748274.9, "trend": 243.454897, "fair_value": 212.289636, "relative_strength": 16.6057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.349424, "energy": 92.268592, "activity_lines": [ 282.271637, 270.216753, 259.012894, 252.556935 ] }, { "date": "2024-01-05", "close": 285.924652, "volume": 305635, "typical_volume": 686607.95, "trend": 245.376446, "fair_value": 213.026541, "relative_strength": 17.156714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.965085, "energy": 89.249244, "activity_lines": [ 284.8665, 274.909216, 262.038117, 255.296919 ] }, { "date": "2024-01-12", "close": 282.527557, "volume": 859118, "typical_volume": 689418.65, "trend": 247.205412, "fair_value": 213.708775, "relative_strength": 14.888167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.574363, "energy": 77.022227, "activity_lines": [ 284.687374, 278.016709, 264.566161, 257.693765 ] }, { "date": "2024-01-19", "close": 286.673187, "volume": 655797, "typical_volume": 680376.05, "trend": 249.517949, "fair_value": 214.375576, "relative_strength": 16.979504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.372234, "energy": 66.542104, "activity_lines": [ 285.180629, 281.060862, 267.346444, 260.240073 ] }, { "date": "2024-01-26", "close": 287.412079, "volume": 555338, "typical_volume": 678726.8, "trend": 251.819847, "fair_value": 215.049836, "relative_strength": 14.401687, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.589912, "energy": 61.57753, "activity_lines": [ 285.986715, 283.436577, 270.050754, 262.684855 ] }, { "date": "2024-02-02", "close": 296.826172, "volume": 737788, "typical_volume": 674211.6, "trend": 254.674172, "fair_value": 215.721315, "relative_strength": 15.222753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.682392, "energy": 65.92263, "activity_lines": [ 289.6519, 286.830387, 273.505367, 265.588489 ] }, { "date": "2024-02-09", "close": 309.704559, "volume": 1207884, "typical_volume": 701107.7, "trend": 257.678482, "fair_value": 216.485406, "relative_strength": 20.144537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.793921, "energy": 69.309614, "activity_lines": [ 296.929177, 291.684599, 277.961297, 269.138837 ] }, { "date": "2024-02-16", "close": 321.037903, "volume": 699444, "typical_volume": 698207.1, "trend": 260.948725, "fair_value": 217.231804, "relative_strength": 23.411553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.457922, "energy": 72.870151, "activity_lines": [ 306.398907, 297.71934, 283.193712, 273.226541 ] }, { "date": "2024-02-23", "close": 329.856995, "volume": 790900, "typical_volume": 702154.5, "trend": 264.347712, "fair_value": 218.095495, "relative_strength": 26.05714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.42163, "energy": 88.93818, "activity_lines": [ 316.240979, 304.463867, 288.904028, 277.672236 ] }, { "date": "2024-03-01", "close": 322.918762, "volume": 958749, "typical_volume": 720606.95, "trend": 267.632671, "fair_value": 218.9805, "relative_strength": 20.919903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.255707, "energy": 83.911747, "activity_lines": [ 320.891386, 309.179881, 293.549643, 281.451014 ] }, { "date": "2024-03-08", "close": 328.062439, "volume": 627191, "typical_volume": 719910.9, "trend": 271.138018, "fair_value": 219.875285, "relative_strength": 20.494345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.084826, "energy": 85.275712, "activity_lines": [ 324.88924, 314.109462, 298.32088, 285.349708 ] }, { "date": "2024-03-15", "close": 319.540833, "volume": 783627, "typical_volume": 721587.15, "trend": 273.474084, "fair_value": 220.722959, "relative_strength": 19.362013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.091731, "energy": 69.200911, "activity_lines": [ 323.96414, 316.73608, 301.838553, 288.47247 ] }, { "date": "2024-03-22", "close": 320.303589, "volume": 763563, "typical_volume": 724634.1, "trend": 275.731356, "fair_value": 221.512556, "relative_strength": 17.438585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.190764, "energy": 60.723674, "activity_lines": [ 322.637541, 318.890178, 305.015447, 291.493729 ] }, { "date": "2024-03-29", "close": 325.874481, "volume": 407471, "typical_volume": 713125.75, "trend": 278.062479, "fair_value": 222.348392, "relative_strength": 16.940176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.19124, "energy": 57.657376, "activity_lines": [ 323.21686, 321.370329, 308.329017, 294.728769 ] }, { "date": "2024-04-05", "close": 315.167145, "volume": 440646, "typical_volume": 707011.5, "trend": 280.011589, "fair_value": 223.080734, "relative_strength": 14.396856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.163615, "energy": 42.708878, "activity_lines": [ 320.492568, 321.190941, 310.225915, 297.122619 ] }, { "date": "2024-04-12", "close": 309.016937, "volume": 637374, "typical_volume": 718650.65, "trend": 281.994317, "fair_value": 223.731, "relative_strength": 11.49421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.734264, "energy": 33.322831, "activity_lines": [ 316.234981, 319.388695, 311.223266, 298.993931 ] }, { "date": "2024-04-19", "close": 304.759094, "volume": 522648, "typical_volume": 691977.25, "trend": 283.949633, "fair_value": 224.343088, "relative_strength": 12.688973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.132742, "energy": 23.197312, "activity_lines": [ 311.827814, 316.590646, 311.526287, 300.462627 ] }, { "date": "2024-04-26", "close": 309.702423, "volume": 421688, "typical_volume": 670488.55, "trend": 286.105874, "fair_value": 225.004827, "relative_strength": 13.85295, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.246537, "energy": 22.955257, "activity_lines": [ 310.053872, 314.781302, 312.093154, 302.124097 ] }, { "date": "2024-05-03", "close": 309.750702, "volume": 454627, "typical_volume": 637537.15, "trend": 288.263084, "fair_value": 225.693644, "relative_strength": 12.585023, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.351288, "energy": 21.217488, "activity_lines": [ 309.002767, 313.186835, 312.484536, 303.64957 ] }, { "date": "2024-05-10", "close": 309.277588, "volume": 517545, "typical_volume": 630544.5, "trend": 290.358141, "fair_value": 226.388827, "relative_strength": 10.237885, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.036927, "energy": 15.462676, "activity_lines": [ 308.868876, 311.871916, 312.72572, 305.005344 ] }, { "date": "2024-05-17", "close": 318.990509, "volume": 502844, "typical_volume": 642493.85, "trend": 293.149622, "fair_value": 227.142228, "relative_strength": 12.250654, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.870986, "energy": 19.025264, "activity_lines": [ 312.365263, 312.571004, 313.767898, 306.852594 ] }, { "date": "2024-05-24", "close": 309.963104, "volume": 621876, "typical_volume": 658305.9, "trend": 295.724318, "fair_value": 227.789399, "relative_strength": 9.865134, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.787196, "energy": 19.057737, "activity_lines": [ 312.18761, 311.793691, 313.796158, 307.937335 ] }, { "date": "2024-05-31", "close": 311.430664, "volume": 867618, "typical_volume": 658730.9, "trend": 298.185753, "fair_value": 228.424444, "relative_strength": 10.30623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.199263, "energy": 19.092346, "activity_lines": [ 312.152209, 311.457346, 313.849716, 308.950647 ] }, { "date": "2024-06-07", "close": 320.612579, "volume": 515789, "typical_volume": 651730.5, "trend": 300.788835, "fair_value": 229.079862, "relative_strength": 10.763482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.930412, "energy": 27.653946, "activity_lines": [ 315.062231, 312.951767, 314.640108, 310.397539 ] }, { "date": "2024-06-14", "close": 312.347931, "volume": 372246, "typical_volume": 642575.9, "trend": 302.891552, "fair_value": 229.614488, "relative_strength": 9.288011, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.221332, "energy": 18.528854, "activity_lines": [ 314.493245, 313.039196, 314.481775, 311.143287 ] }, { "date": "2024-06-21", "close": 313.883026, "volume": 799078, "typical_volume": 645640.4, "trend": 305.075508, "fair_value": 230.146701, "relative_strength": 8.27183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.945826, "energy": 17.908764, "activity_lines": [ 314.231268, 313.456991, 314.3509, 311.852415 ] }, { "date": "2024-06-28", "close": 320.689789, "volume": 720814, "typical_volume": 621286.9, "trend": 307.055157, "fair_value": 230.749315, "relative_strength": 10.399181, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.955558, "energy": 27.671695, "activity_lines": [ 316.578711, 315.023905, 314.787064, 312.859788 ] }, { "date": "2024-07-05", "close": 310.918945, "volume": 547594, "typical_volume": 613694.4, "trend": 308.356285, "fair_value": 231.295363, "relative_strength": 5.755001, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.872441, "energy": 15.846379, "activity_lines": [ 314.954093, 314.524653, 314.240361, 313.109064 ] }, { "date": "2024-07-12", "close": 316.682983, "volume": 464296, "typical_volume": 597364.2, "trend": 309.323345, "fair_value": 231.901975, "relative_strength": 5.337523, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.117884, "energy": 19.350334, "activity_lines": [ 315.284936, 315.051289, 314.2908, 313.646271 ] }, { "date": "2024-07-19", "close": 312.627869, "volume": 573698, "typical_volume": 578111.65, "trend": 310.303337, "fair_value": 232.442262, "relative_strength": 3.368396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.600972, "energy": 11.518803, "activity_lines": [ 314.526048, 314.71459, 314.017771, 313.859466 ] }, { "date": "2024-07-26", "close": 328.143433, "volume": 660720, "typical_volume": 579788.1, "trend": 311.687598, "fair_value": 233.08635, "relative_strength": 8.601512, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.528271, "energy": 25.042322, "activity_lines": [ 318.920351, 317.137989, 315.271418, 315.01044 ] }, { "date": "2024-08-02", "close": 327.361359, "volume": 544264, "typical_volume": 567819.95, "trend": 313.068821, "fair_value": 233.702108, "relative_strength": 7.470539, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.133907, "energy": 40.283864, "activity_lines": [ 322.10327, 319.252776, 316.450197, 316.02165 ] }, { "date": "2024-08-09", "close": 326.811066, "volume": 627186, "typical_volume": 561001.1, "trend": 314.544938, "fair_value": 234.307259, "relative_strength": 8.936377, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.401007, "energy": 45.230845, "activity_lines": [ 324.657986, 320.951177, 317.539327, 316.908247 ] }, { "date": "2024-08-16", "close": 295.017212, "volume": 1241523, "typical_volume": 602703.7, "trend": 314.823072, "fair_value": 234.788312, "relative_strength": -4.148403, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.214904, "energy": 3.314068, "activity_lines": [ 315.555276, 316.589234, 315.569482, 315.648393 ] }, { "date": "2024-08-23", "close": 295.915131, "volume": 972067, "typical_volume": 629274.75, "trend": 315.106507, "fair_value": 235.335796, "relative_strength": -4.554911, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.663945, "energy": 35.586639, "activity_lines": [ 308.196257, 312.85592, 313.832093, 314.428526 ] }, { "date": "2024-08-30", "close": 290.006287, "volume": 862164, "typical_volume": 640514.25, "trend": 314.879178, "fair_value": 235.782884, "relative_strength": -7.277927, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.130937, "energy": 57.592665, "activity_lines": [ 299.981806, 308.347048, 311.623633, 312.809157 ] }, { "date": "2024-09-06", "close": 278.787231, "volume": 828321, "typical_volume": 655797.9, "trend": 313.8486, "fair_value": 236.185656, "relative_strength": -9.943479, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.232786, "energy": 74.884871, "activity_lines": [ 290.570146, 302.23247, 308.437218, 310.480644 ] }, { "date": "2024-09-13", "close": 280.766479, "volume": 1054102, "typical_volume": 687418.6, "trend": 312.506219, "fair_value": 236.568042, "relative_strength": -10.289712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.700167, "energy": 76.312723, "activity_lines": [ 285.05651, 297.239621, 305.562979, 308.346314 ] }, { "date": "2024-09-20", "close": 274.751648, "volume": 893102, "typical_volume": 709342.35, "trend": 310.669375, "fair_value": 236.978513, "relative_strength": -13.325453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.628096, "energy": 80.131521, "activity_lines": [ 280.60757, 291.701392, 302.253689, 305.910535 ] }, { "date": "2024-09-27", "close": 273.681854, "volume": 1095998, "typical_volume": 738265.0, "trend": 309.028144, "fair_value": 237.423475, "relative_strength": -13.629614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.724859, "energy": 78.940615, "activity_lines": [ 277.15307, 286.731044, 299.009175, 303.524243 ] }, { "date": "2024-10-04", "close": 284.729858, "volume": 1048357, "typical_volume": 765540.65, "trend": 307.583725, "fair_value": 237.929384, "relative_strength": -9.44372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.801944, "energy": 63.248603, "activity_lines": [ 278.863456, 284.477532, 296.986357, 301.956612 ] }, { "date": "2024-10-11", "close": 284.049072, "volume": 712387, "typical_volume": 770066.2, "trend": 306.400666, "fair_value": 238.452412, "relative_strength": -10.353047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.750516, "energy": 47.55128, "activity_lines": [ 280.698675, 282.889579, 295.061847, 300.438247 ] }, { "date": "2024-10-18", "close": 275.714447, "volume": 884610, "typical_volume": 770915.8, "trend": 304.914362, "fair_value": 238.886887, "relative_strength": -13.670581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.558251, "energy": 47.145923, "activity_lines": [ 279.404897, 280.573736, 292.466964, 298.458491 ] }, { "date": "2024-10-25", "close": 276.142365, "volume": 576848, "typical_volume": 773968.75, "trend": 303.256624, "fair_value": 239.337927, "relative_strength": -12.759505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.884099, "energy": 44.178339, "activity_lines": [ 278.59056, 279.264726, 290.082912, 296.602233 ] }, { "date": "2024-11-01", "close": 277.221893, "volume": 821041, "typical_volume": 796408.5, "trend": 301.991783, "fair_value": 239.708462, "relative_strength": -11.424966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.227792, "energy": 43.573729, "activity_lines": [ 278.043351, 278.495173, 288.013435, 294.922573 ] }, { "date": "2024-11-08", "close": 284.875732, "volume": 541242, "typical_volume": 783516.7, "trend": 301.187076, "fair_value": 240.220692, "relative_strength": -10.895336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.982626, "energy": 36.537278, "activity_lines": [ 279.81142, 279.457103, 286.840162, 293.818312 ] }, { "date": "2024-11-15", "close": 286.840302, "volume": 599041, "typical_volume": 777428.05, "trend": 300.589783, "fair_value": 240.686035, "relative_strength": -10.140509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.101528, "energy": 31.08601, "activity_lines": [ 282.22462, 280.869511, 285.992121, 292.892714 ] }, { "date": "2024-11-22", "close": 290.039948, "volume": 626771, "typical_volume": 781386.9, "trend": 299.934367, "fair_value": 241.188464, "relative_strength": -10.281437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.674338, "energy": 21.886128, "activity_lines": [ 285.518286, 282.717254, 285.609997, 292.212079 ] }, { "date": "2024-11-29", "close": 295.884888, "volume": 649386, "typical_volume": 790641.4, "trend": 299.472173, "fair_value": 241.820513, "relative_strength": -8.848356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.564611, "energy": 20.489499, "activity_lines": [ 289.805233, 285.459104, 285.883957, 291.950823 ] }, { "date": "2024-12-06", "close": 293.171509, "volume": 513495, "typical_volume": 787631.25, "trend": 298.935304, "fair_value": 242.409378, "relative_strength": -9.385479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.809055, "energy": 18.642257, "activity_lines": [ 291.871552, 287.323372, 285.998538, 291.544328 ] }, { "date": "2024-12-13", "close": 283.378052, "volume": 582821, "typical_volume": 783736.3, "trend": 297.748222, "fair_value": 242.983516, "relative_strength": -10.89341, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.741227, "energy": 17.095318, "activity_lines": [ 289.610077, 287.052654, 285.273059, 290.540634 ] }, { "date": "2024-12-20", "close": 281.141205, "volume": 849506, "typical_volume": 798998.4, "trend": 296.787492, "fair_value": 243.492391, "relative_strength": -8.95457, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.712488, "energy": 13.64791, "activity_lines": [ 286.702832, 286.399814, 284.547715, 289.469214 ] }, { "date": "2024-12-27", "close": 287.501587, "volume": 161377, "typical_volume": 775707.95, "trend": 295.989856, "fair_value": 244.042098, "relative_strength": -8.954714, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.340691, "energy": 18.137991, "activity_lines": [ 286.295654, 286.956278, 284.648217, 288.870123 ] }, { "date": "2025-01-03", "close": 290.26358, "volume": 272220, "typical_volume": 727242.8, "trend": 294.978223, "fair_value": 244.654569, "relative_strength": -7.815134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.484609, "energy": 16.897298, "activity_lines": [ 286.978365, 287.800612, 285.198955, 288.500686 ] }, { "date": "2025-01-10", "close": 292.928375, "volume": 397672, "typical_volume": 698523.05, "trend": 294.330904, "fair_value": 245.328942, "relative_strength": -7.34762, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.758407, "energy": 4.340573, "activity_lines": [ 288.924095, 288.872703, 286.026119, 288.368438 ] }, { "date": "2025-01-17", "close": 294.922058, "volume": 468645, "typical_volume": 678847.1, "trend": 293.698872, "fair_value": 246.062651, "relative_strength": -6.752251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.257078, "energy": 11.119434, "activity_lines": [ 291.550594, 290.021711, 287.05738, 288.406577 ] }, { "date": "2025-01-24", "close": 306.777283, "volume": 486743, "typical_volume": 661768.2, "trend": 293.235122, "fair_value": 246.919268, "relative_strength": -4.064551, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.424154, "energy": 48.352925, "activity_lines": [ 297.359235, 293.143553, 289.194302, 289.250345 ] }, { "date": "2025-01-31", "close": 310.852234, "volume": 463682, "typical_volume": 632247.2, "trend": 293.232898, "fair_value": 247.746775, "relative_strength": -4.093346, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.164762, "energy": 66.299764, "activity_lines": [ 302.81712, 296.643805, 291.586028, 290.386933 ] }, { "date": "2025-02-07", "close": 301.30191, "volume": 468830, "typical_volume": 611033.6, "trend": 292.720196, "fair_value": 248.53245, "relative_strength": -6.569842, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.675994, "energy": 60.75804, "activity_lines": [ 303.534855, 298.029229, 292.924934, 290.907515 ] }, { "date": "2025-02-14", "close": 255.514847, "volume": 1046047, "typical_volume": 608536.05, "trend": 290.816428, "fair_value": 249.026952, "relative_strength": -20.693765, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -24.041099, "energy": 10.470713, "activity_lines": [ 288.254347, 290.991241, 289.776738, 288.50717 ] }, { "date": "2025-02-21", "close": 261.427856, "volume": 1876727, "typical_volume": 649954.55, "trend": 288.592576, "fair_value": 249.407246, "relative_strength": -15.818942, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.224293, "energy": 42.668804, "activity_lines": [ 277.439077, 285.713013, 287.278195, 286.611133 ] }, { "date": "2025-02-28", "close": 251.751099, "volume": 1276262, "typical_volume": 678148.3, "trend": 286.072234, "fair_value": 249.689605, "relative_strength": -17.244089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.1535, "energy": 67.72749, "activity_lines": [ 265.631168, 279.074468, 283.969018, 284.234263 ] }, { "date": "2025-03-07", "close": 258.412994, "volume": 1390065, "typical_volume": 703421.05, "trend": 283.792298, "fair_value": 250.064157, "relative_strength": -12.236614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.532505, "energy": 72.379219, "activity_lines": [ 259.712303, 274.181543, 281.448107, 282.449796 ] }, { "date": "2025-03-14", "close": 255.077179, "volume": 1094498, "typical_volume": 729303.55, "trend": 282.460963, "fair_value": 250.366281, "relative_strength": -11.195901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.113719, "energy": 81.346095, "activity_lines": [ 256.177448, 269.21099, 278.691888, 280.597208 ] }, { "date": "2025-03-21", "close": 266.050079, "volume": 1289705, "typical_volume": 752736.75, "trend": 281.465462, "fair_value": 250.738147, "relative_strength": -8.662624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.498837, "energy": 72.549812, "activity_lines": [ 259.381876, 266.875262, 277.081016, 279.538441 ] }, { "date": "2025-03-28", "close": 262.069824, "volume": 1037109, "typical_volume": 777530.1, "trend": 280.534246, "fair_value": 251.074073, "relative_strength": -10.205148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.505338, "energy": 46.954116, "activity_lines": [ 260.557204, 264.304547, 275.144273, 278.28711 ] }, { "date": "2025-04-04", "close": 255.873947, "volume": 1098218, "typical_volume": 802488.95, "trend": 279.77047, "fair_value": 251.352747, "relative_strength": -8.389888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.777884, "energy": 44.818321, "activity_lines": [ 259.624441, 261.204623, 272.726045, 276.696123 ] }, { "date": "2025-04-11", "close": 245.658585, "volume": 1287160, "typical_volume": 835508.4, "trend": 278.600207, "fair_value": 251.564973, "relative_strength": -11.449266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.17452, "energy": 48.038048, "activity_lines": [ 255.011701, 257.172875, 269.482384, 274.495356 ] }, { "date": "2025-04-18", "close": 255.873947, "volume": 779596, "typical_volume": 842018.9, "trend": 277.97095, "fair_value": 251.80014, "relative_strength": -9.440617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.927708, "energy": 43.475423, "activity_lines": [ 254.654376, 256.183805, 267.422955, 273.029146 ] }, { "date": "2025-04-25", "close": 259.422821, "volume": 428000, "typical_volume": 837744.15, "trend": 277.495649, "fair_value": 252.066674, "relative_strength": -9.5018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.386537, "energy": 40.635209, "activity_lines": [ 255.426891, 256.665948, 265.892042, 271.832492 ] }, { "date": "2025-05-02", "close": 270.079346, "volume": 841259, "typical_volume": 850666.05, "trend": 277.007299, "fair_value": 252.475937, "relative_strength": -8.487554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.190933, "energy": 27.471579, "activity_lines": [ 260.193398, 259.014587, 265.536744, 271.354021 ] }, { "date": "2025-05-09", "close": 262.295288, "volume": 712077, "typical_volume": 843794.6, "trend": 276.282173, "fair_value": 252.864408, "relative_strength": -10.665813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.168107, "energy": 18.381855, "activity_lines": [ 261.831251, 259.790642, 264.503434, 270.404859 ] }, { "date": "2025-05-16", "close": 263.109009, "volume": 769833, "typical_volume": 874217.4, "trend": 275.861991, "fair_value": 253.250623, "relative_strength": -11.152074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.600866, "energy": 20.312116, "activity_lines": [ 263.312255, 260.522935, 263.637364, 269.554977 ] }, { "date": "2025-05-23", "close": 263.089355, "volume": 779052, "typical_volume": 899559.0, "trend": 275.426891, "fair_value": 253.620442, "relative_strength": -10.924254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.708451, "energy": 19.18813, "activity_lines": [ 263.623346, 261.166271, 262.885578, 268.730936 ] }, { "date": "2025-05-30", "close": 266.167725, "volume": 849021, "typical_volume": 922126.45, "trend": 275.058419, "fair_value": 254.007223, "relative_strength": -10.236538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.400836, "energy": 15.099466, "activity_lines": [ 264.479533, 262.223636, 262.556371, 268.133571 ] }, { "date": "2025-06-06", "close": 263.216797, "volume": 778916, "typical_volume": 937640.0, "trend": 274.336454, "fair_value": 254.401721, "relative_strength": -11.598251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.224827, "energy": 11.241016, "activity_lines": [ 263.902417, 262.742329, 262.073554, 267.369595 ] }, { "date": "2025-06-13", "close": 267.491211, "volume": 1069885, "typical_volume": 966797.1, "trend": 273.691485, "fair_value": 254.977641, "relative_strength": -10.043555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.168623, "energy": 9.262205, "activity_lines": [ 265.207609, 264.017334, 262.148802, 266.927967 ] }, { "date": "2025-06-20", "close": 289.833618, "volume": 1800532, "typical_volume": 1033639.6, "trend": 273.684607, "fair_value": 255.659541, "relative_strength": -1.713617, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 17.980223, "energy": 25.851632, "activity_lines": [ 273.613875, 269.143372, 264.538975, 267.969394 ] }, { "date": "2025-06-27", "close": 289.627716, "volume": 965624, "typical_volume": 1058479.3, "trend": 273.476035, "fair_value": 256.313186, "relative_strength": -1.486597, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.682397, "energy": 51.569599, "activity_lines": [ 280.169867, 273.428791, 267.009627, 268.997982 ] }, { "date": "2025-07-04", "close": 295.078522, "volume": 841519, "typical_volume": 1048252.9, "trend": 273.539602, "fair_value": 256.986526, "relative_strength": -0.366243, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.277801, "energy": 63.807975, "activity_lines": [ 286.77357, 278.091561, 270.054995, 270.391691 ] }, { "date": "2025-07-11", "close": 297.519623, "volume": 593938, "typical_volume": 984113.45, "trend": 274.010987, "fair_value": 257.59989, "relative_strength": 1.0146, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.851048, "energy": 73.513629, "activity_lines": [ 292.263587, 282.549882, 273.14445, 271.938789 ] }, { "date": "2025-07-18", "close": 304.117432, "volume": 846060, "typical_volume": 962603.35, "trend": 274.776862, "fair_value": 258.259826, "relative_strength": 1.421655, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.532793, "energy": 76.923953, "activity_lines": [ 297.666018, 287.70889, 276.690402, 273.88114 ] }, { "date": "2025-07-25", "close": 306.686005, "volume": 454717, "typical_volume": 915835.95, "trend": 275.416342, "fair_value": 258.934841, "relative_strength": 3.695627, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.857965, "energy": 87.17484, "activity_lines": [ 301.482892, 292.574509, 280.231616, 275.939795 ] }, { "date": "2025-08-01", "close": 306.19577, "volume": 630544, "typical_volume": 892638.25, "trend": 275.947415, "fair_value": 259.548745, "relative_strength": 3.931865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.523417, "energy": 85.623296, "activity_lines": [ 304.012862, 296.558685, 283.496271, 277.925564 ] }, { "date": "2025-08-08", "close": 303.195923, "volume": 555755, "typical_volume": 855940.75, "trend": 276.289667, "fair_value": 260.175236, "relative_strength": 1.654496, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.718783, "energy": 81.322792, "activity_lines": [ 304.438346, 299.213682, 286.231803, 279.683533 ] }, { "date": "2025-08-15", "close": 302.960632, "volume": 1018803, "typical_volume": 855025.45, "trend": 276.557619, "fair_value": 260.79847, "relative_strength": 0.258757, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.951543, "energy": 61.327967, "activity_lines": [ 304.24424, 301.152658, 288.768042, 281.40424 ] }, { "date": "2025-08-22", "close": 295.980469, "volume": 1053157, "typical_volume": 852772.4, "trend": 276.197725, "fair_value": 261.401124, "relative_strength": -2.150195, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.228561, "energy": 47.452124, "activity_lines": [ 301.360679, 301.099899, 290.444785, 282.657327 ] }, { "date": "2025-08-29", "close": 295.627533, "volume": 807031, "typical_volume": 828765.95, "trend": 275.690235, "fair_value": 262.013869, "relative_strength": -2.167585, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.144628, "energy": 35.247504, "activity_lines": [ 298.901937, 300.464983, 291.896932, 283.910863 ] }, { "date": "2025-09-05", "close": 292.66684, "volume": 388730, "typical_volume": 809222.65, "trend": 275.4024, "fair_value": 262.594378, "relative_strength": -1.934097, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.522276, "energy": 26.127788, "activity_lines": [ 296.193528, 299.186415, 292.829161, 285.006128 ] }, { "date": "2025-09-12", "close": 293.9021, "volume": 502824, "typical_volume": 812963.85, "trend": 276.681975, "fair_value": 263.187445, "relative_strength": -1.365095, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.197269, "energy": 24.021355, "activity_lines": [ 294.798802, 298.077184, 293.70383, 286.199657 ] }, { "date": "2025-09-19", "close": 289.544159, "volume": 856172, "typical_volume": 813709.5, "trend": 277.619185, "fair_value": 263.850697, "relative_strength": -1.789169, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.429944, "energy": 23.521736, "activity_lines": [ 292.571017, 296.196988, 293.999269, 287.029475 ] }, { "date": "2025-09-26", "close": 276.508728, "volume": 703419, "typical_volume": 813276.6, "trend": 278.444439, "fair_value": 264.442646, "relative_strength": -6.262405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.645129, "energy": 19.687875, "activity_lines": [ 286.892519, 292.091723, 292.960549, 286.957833 ] }, { "date": "2025-10-03", "close": 279.925568, "volume": 683366, "typical_volume": 808953.25, "trend": 279.161525, "fair_value": 265.004917, "relative_strength": -7.010779, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.760176, "energy": 23.692235, "activity_lines": [ 283.651085, 289.109678, 292.17956, 287.05339 ] }, { "date": "2025-10-10", "close": 280.399597, "volume": 579215, "typical_volume": 798961.4, "trend": 280.005606, "fair_value": 265.615375, "relative_strength": -6.374497, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.701166, "energy": 26.388978, "activity_lines": [ 281.614457, 286.700374, 291.363637, 287.133265 ] }, { "date": "2025-10-17", "close": 282.07843, "volume": 582009, "typical_volume": 785610.8, "trend": 280.539884, "fair_value": 266.250613, "relative_strength": -6.097228, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.760542, "energy": 26.938503, "activity_lines": [ 280.955257, 285.065333, 290.625173, 287.266996 ] }, { "date": "2025-10-24", "close": 286.591431, "volume": 464834, "typical_volume": 769906.7, "trend": 281.357271, "fair_value": 266.891782, "relative_strength": -4.74392, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.875364, "energy": 24.242962, "activity_lines": [ 282.588635, 284.634792, 290.240754, 287.657418 ] }, { "date": "2025-10-31", "close": 283.579468, "volume": 779262, "typical_volume": 755375.55, "trend": 282.280788, "fair_value": 267.524384, "relative_strength": -4.167591, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.858187, "energy": 11.685975, "activity_lines": [ 283.414874, 283.954243, 289.458173, 287.800786 ] }, { "date": "2025-11-07", "close": 281.278503, "volume": 499599, "typical_volume": 690328.9, "trend": 283.468119, "fair_value": 268.049936, "relative_strength": -3.602799, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.102854, "energy": 13.716955, "activity_lines": [ 283.002742, 283.08081, 288.379842, 287.736122 ] }, { "date": "2025-11-14", "close": 270.879791, "volume": 837827, "typical_volume": 683939.05, "trend": 283.968314, "fair_value": 268.53547, "relative_strength": -5.535562, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -42.5401, "energy": 28.933406, "activity_lines": [ 279.034178, 280.577593, 286.351896, 286.923972 ] }, { "date": "2025-11-21", "close": 263.720184, "volume": 584972, "typical_volume": 671111.7, "trend": 284.111559, "fair_value": 268.954658, "relative_strength": -5.473974, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -51.312797, "energy": 58.883029, "activity_lines": [ 273.313731, 277.168758, 283.731359, 285.617641 ] }, { "date": "2025-11-28", "close": 275.580444, "volume": 824482, "typical_volume": 682638.9, "trend": 284.294929, "fair_value": 269.413585, "relative_strength": -3.315882, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.720344, "energy": 53.257256, "activity_lines": [ 272.770587, 276.465096, 282.389696, 285.067247 ] }, { "date": "2025-12-05", "close": 266.110016, "volume": 502624, "typical_volume": 665467.1, "trend": 284.422087, "fair_value": 269.853069, "relative_strength": -6.643328, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.894595, "energy": 71.097001, "activity_lines": [ 269.8047, 274.293424, 280.250559, 283.894026 ] }, { "date": "2025-12-12", "close": 260.174957, "volume": 526223, "typical_volume": 669042.4, "trend": 284.324285, "fair_value": 270.265916, "relative_strength": -9.158895, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.382035, "energy": 73.512989, "activity_lines": [ 266.025089, 271.231717, 277.727166, 282.329695 ] }, { "date": "2025-12-19", "close": 254.417664, "volume": 686470, "typical_volume": 671838.7, "trend": 284.035229, "fair_value": 270.670986, "relative_strength": -10.106676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.478308, "energy": 72.128611, "activity_lines": [ 261.733285, 267.482332, 274.876941, 280.400236 ] }, { "date": "2025-12-26", "close": 258.703552, "volume": 305474, "typical_volume": 659324.65, "trend": 283.786423, "fair_value": 271.090665, "relative_strength": -9.787503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.814479, "energy": 75.755231, "activity_lines": [ 259.967584, 264.984598, 272.681458, 278.765934 ] }, { "date": "2026-01-02", "close": 257.755524, "volume": 205210, "typical_volume": 618645.0, "trend": 283.60438, "fair_value": 271.492615, "relative_strength": -9.458141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.090541, "energy": 73.77952, "activity_lines": [ 258.220317, 262.739493, 270.607556, 277.086521 ] }, { "date": "2026-01-09", "close": 259.957703, "volume": 612531, "typical_volume": 596613.7, "trend": 283.353263, "fair_value": 271.898002, "relative_strength": -8.282505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.626171, "energy": 59.959722, "activity_lines": [ 258.395437, 261.419074, 268.958647, 275.560929 ] }, { "date": "2026-01-16", "close": 265.162018, "volume": 504795, "typical_volume": 581501.9, "trend": 282.530877, "fair_value": 272.313446, "relative_strength": -8.0914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.061409, "energy": 44.37931, "activity_lines": [ 260.715483, 261.47438, 267.976924, 274.387301 ] }, { "date": "2026-01-23", "close": 270.316925, "volume": 645132, "typical_volume": 594322.0, "trend": 281.887184, "fair_value": 272.792945, "relative_strength": -5.506473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.945825, "energy": 28.899716, "activity_lines": [ 264.42136, 262.759969, 267.631218, 273.599304 ] }, { "date": "2026-01-30", "close": 265.744659, "volume": 604877, "typical_volume": 599424.65, "trend": 280.909388, "fair_value": 273.149498, "relative_strength": -6.840076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.420367, "energy": 20.589718, "activity_lines": [ 265.543199, 263.224471, 266.956487, 272.557851 ] }, { "date": "2026-02-06", "close": 247.050674, "volume": 739234, "typical_volume": 593577.75, "trend": 279.22709, "fair_value": 273.448602, "relative_strength": -11.426934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.637595, "energy": 37.414227, "activity_lines": [ 259.964301, 260.253258, 264.635459, 270.373417 ] }, { "date": "2026-02-13", "close": 196.735962, "volume": 821933, "typical_volume": 599503.45, "trend": 275.647708, "fair_value": 273.344406, "relative_strength": -30.793119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.887966, "energy": 81.035087, "activity_lines": [ 238.32749, 248.652638, 257.724904, 265.051409 ] }, { "date": "2026-02-20", "close": 196.281693, "volume": 1246165, "typical_volume": 627643.4, "trend": 271.967564, "fair_value": 273.230015, "relative_strength": -31.791026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.797354, "energy": 95.683116, "activity_lines": [ 220.754039, 238.230771, 251.150955, 259.931021 ] }, { "date": "2026-02-27", "close": 196.52858, "volume": 1489429, "typical_volume": 673154.1, "trend": 268.311991, "fair_value": 273.134866, "relative_strength": -32.186869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.311592, "energy": 93.900127, "activity_lines": [ 207.854904, 229.015487, 244.998824, 255.06399 ] }, { "date": "2026-03-06", "close": 177.814865, "volume": 1211485, "typical_volume": 704627.9, "trend": 264.132622, "fair_value": 272.880737, "relative_strength": -35.747344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.613956, "energy": 95.895, "activity_lines": [ 193.637088, 217.450239, 237.463819, 249.225466 ] }, { "date": "2026-03-13", "close": 172.245193, "volume": 1889911, "typical_volume": 775881.75, "trend": 259.775441, "fair_value": 272.595517, "relative_strength": -35.564934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.081694, "energy": 94.568641, "activity_lines": [ 183.424701, 206.343027, 229.894864, 243.297244 ] }, { "date": "2026-03-20", "close": 164.619995, "volume": 1438102, "typical_volume": 808823.75, "trend": 255.396759, "fair_value": 272.270492, "relative_strength": -36.48696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.860299, "energy": 94.261421, "activity_lines": [ 175.657613, 195.404149, 222.144204, 237.158183 ] }, { "date": "2026-03-27", "close": 170.229996, "volume": 1116658, "typical_volume": 839676.7, "trend": 251.216841, "fair_value": 271.915437, "relative_strength": -34.474112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.208123, "energy": 85.382629, "activity_lines": [ 171.90159, 187.218683, 215.494304, 231.663554 ] }, { "date": "2026-04-03", "close": 172.360001, "volume": 1211449, "typical_volume": 858357.8, "trend": 247.206613, "fair_value": 271.514703, "relative_strength": -33.58694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.130775, "energy": 67.830741, "activity_lines": [ 170.592348, 181.146528, 209.576064, 226.576015 ] }, { "date": "2026-04-10", "close": 172.100006, "volume": 1048207, "typical_volume": 881519.55, "trend": 243.146543, "fair_value": 271.102098, "relative_strength": -35.981594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.327694, "energy": 66.267324, "activity_lines": [ 170.80768, 176.808136, 204.102205, 221.730428 ] }, { "date": "2026-04-17", "close": 168.460007, "volume": 1775495, "typical_volume": 929070.2, "trend": 239.110404, "fair_value": 270.65791, "relative_strength": -36.67564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.759004, "energy": 64.851851, "activity_lines": [ 170.19067, 173.510556, 198.717965, 216.911942 ] }, { "date": "2026-04-24", "close": 97.349998, "volume": 9698093, "typical_volume": 1388843.65, "trend": 233.138447, "fair_value": 269.774876, "relative_strength": -62.213063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.143847, "energy": 75.276679, "activity_lines": [ 146.122669, 158.712805, 187.071441, 207.766109 ] }, { "date": "2026-05-01", "close": 98.769997, "volume": 4978069, "typical_volume": 1611435.95, "trend": 227.099928, "fair_value": 268.907361, "relative_strength": -60.861737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.033819, "energy": 75.901809, "activity_lines": [ 127.012667, 145.980253, 176.363775, 199.097177 ] }, { "date": "2026-05-08", "close": 99.889999, "volume": 3261760, "typical_volume": 1740200.45, "trend": 221.082941, "fair_value": 268.034804, "relative_strength": -59.939222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.288765, "energy": 91.547836, "activity_lines": [ 113.04, 135.224277, 166.53137, 190.890085 ] }, { "date": "2026-05-15", "close": 96.330002, "volume": 2654503, "typical_volume": 1857651.9, "trend": 214.891327, "fair_value": 267.136983, "relative_strength": -60.31318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.5193, "energy": 92.073338, "activity_lines": [ 102.712, 125.578095, 157.095763, 182.841508 ] }, { "date": "2026-05-22", "close": 97.529999, "volume": 1965882, "typical_volume": 1945685.5, "trend": 208.589279, "fair_value": 266.265124, "relative_strength": -59.379298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.378519, "energy": 89.487819, "activity_lines": [ 97.835333, 117.631637, 148.54765, 175.269809 ] }, { "date": "2026-05-29", "close": 100.5, "volume": 1729832, "typical_volume": 2001550.55, "trend": 202.48663, "fair_value": 265.412242, "relative_strength": -57.915432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.489949, "energy": 88.335888, "activity_lines": [ 98.677333, 111.583637, 141.045373, 168.296307 ] }, { "date": "2026-06-05", "close": 100.449997, "volume": 2554781, "typical_volume": 2104049.85, "trend": 196.459013, "fair_value": 264.592831, "relative_strength": -56.831772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.983576, "energy": 82.906602, "activity_lines": [ 99.292666, 106.692363, 134.297655, 161.713299 ] }, { "date": "2026-06-12", "close": 103.75, "volume": 338675, "typical_volume": 2088727.0, "trend": 190.88802, "fair_value": 263.798545, "relative_strength": -55.703564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.231871, "energy": 66.267476, "activity_lines": [ 100.895999, 103.669818, 128.648567, 155.732072 ] }, { "date": "2026-06-19", "close": 118.139999, "volume": 2137403, "typical_volume": 2165353.3, "trend": 186.035348, "fair_value": 263.162923, "relative_strength": -48.936944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.19171, "energy": 58.622844, "activity_lines": [ 107.038666, 104.51109, 125.163131, 151.038651 ] }, { "date": "2026-06-26", "close": 118.029999, "volume": 599119, "typical_volume": 2158347.55, "trend": 180.783666, "fair_value": 262.519813, "relative_strength": -47.822185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.556488, "energy": 52.848041, "activity_lines": [ 111.690666, 106.313454, 122.370097, 146.65121 ] }, { "date": "2026-07-03", "close": 124.959999, "volume": 380897, "typical_volume": 2136295.75, "trend": 176.078665, "fair_value": 261.967015, "relative_strength": -44.424308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.110876, "energy": 41.057102, "activity_lines": [ 117.285999, 110.292726, 120.851448, 143.049683 ] }, { "date": "2026-07-10", "close": 121.620003, "volume": 1851302, "typical_volume": 2166552.6, "trend": 171.460167, "fair_value": 261.339097, "relative_strength": -44.802719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.076661, "energy": 33.199598, "activity_lines": [ 120.137334, 113.162727, 119.356495, 139.536221 ] }, { "date": "2026-07-17", "close": 119.480003, "volume": 1742498, "typical_volume": 2179206.05, "trend": 166.962245, "fair_value": 260.675952, "relative_strength": -44.819853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.495584, "energy": 28.975311, "activity_lines": [ 120.864001, 115.228182, 118.013263, 136.182662 ] }, { "date": "2026-07-24", "close": 111.610001, "volume": 2190516, "typical_volume": 2228157.6, "trend": 162.059127, "fair_value": 259.930584, "relative_strength": -47.379429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.440059, "energy": 43.523679, "activity_lines": [ 117.918668, 115.506546, 116.287406, 132.611549 ] }, { "date": "2026-07-31", "close": 119.940002, "volume": 1561985, "typical_volume": 2211761.3, "trend": 157.465276, "fair_value": 259.261161, "relative_strength": -43.756702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.708003, "energy": 37.512164, "activity_lines": [ 118.185335, 117.021637, 115.670143, 129.894186 ] }, { "date": "2026-08-07", "close": 124.860001, "volume": 1833442, "typical_volume": 2231528.3, "trend": 152.962019, "fair_value": 258.632687, "relative_strength": -42.28356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.62076, "energy": 32.363159, "activity_lines": [ 119.964668, 119.023819, 115.770524, 127.79062 ] } ], "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." } } }