{ "ticker": { "uuid": "4fca4923-370a-4598-ad03-25776af491cf", "symbol": "JLL", "name": "Jones Lang LaSalle Incorporated", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 60.459, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 51.497, "architecture_energy": 66.403, "architecture_maturity": 14.937, "architecture_confidence": 68.015, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 23.56, "rotation_up": 73.8, "upward_expansion": 63.61, "deceleration": 21.06, "rotation_down": 16.81, "downward_expansion": 21.95 }, "activity_lines": [ 346.276667, 333.982182, 321.880333, 318.478409 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 362.38, "trend_reference": 318.796333, "distance_from_trend": 0.136713, "trend_direction": "Weakening", "fair_value": 250.634744, "distance_from_fair_value": 0.445849, "fair_value_direction": "Improving", "relative_strength": 1.818797, "relative_strength_direction": "Improving", "price_momentum": 0.057241, "excess_performance": -0.068384, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.136713, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.004273, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.445849, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.056774, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.018188, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.037119, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.057241, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.659083, "read": "Demand-led" } ], "volume": { "latest": 1583809, "relative_activity": 0.826582, "balance": 1.659083, "dry_up": 1.030416, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.064719, "annualized_volatility": 0.43053, "from_high_reference": -0.029227, "from_low_reference": 0.394681 }, "levels": { "trend_reference": 318.796333, "fair_value_reference": 250.634744, "structural_low": 259.83, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.035801, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.023493, "regime_survival": 0.5, "best_return": 0.119622, "worst_return": -0.187456, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.06528, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.086905, "regime_survival": 0.0, "best_return": 0.1314, "worst_return": -0.253951, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.06445, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.010436, "regime_survival": 0.333333, "best_return": 0.362645, "worst_return": -0.08599, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.117935, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.10398, "regime_survival": 0.0, "best_return": 0.262953, "worst_return": -0.027082, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-07", "tenure": "New", "return": -0.115215, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.016006, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-06-20", "tenure": "Developing", "return": 0.085982, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.014321, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": 0.180233, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-10", "tenure": "Developing", "return": -0.073109, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-11-21", "tenure": "Developing", "return": 0.047646, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-28", "end": "2026-02-20", "tenure": "Established", "return": -0.035893, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.051529, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.081484, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-29", "tenure": "Developing", "return": -0.185088, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": 0.065436, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": -0.006138, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.020702, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 163.18, "volume": 890572, "typical_volume": 1648850.05, "trend": 155.523667, "fair_value": 183.178718, "relative_strength": -5.167195, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.226636, "energy": 47.002368, "activity_lines": [ 167.974, 165.372, 157.840048, 154.802473 ] }, { "date": "2023-08-25", "close": 163.17, "volume": 914487, "typical_volume": 1621989.6, "trend": 154.919333, "fair_value": 183.552949, "relative_strength": -5.596104, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 58.425895, "energy": 41.992042, "activity_lines": [ 166.282667, 165.636, 158.987286, 155.295785 ] }, { "date": "2023-09-01", "close": 175.73, "volume": 1069290, "typical_volume": 1611415.15, "trend": 154.714667, "fair_value": 184.018974, "relative_strength": -0.616153, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.434998, "energy": 49.25756, "activity_lines": [ 169.204, 167.962727, 161.211524, 156.638409 ] }, { "date": "2023-09-08", "close": 168.35, "volume": 1107418, "typical_volume": 1601165.3, "trend": 154.396333, "fair_value": 184.452308, "relative_strength": -3.285879, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.461181, "energy": 38.161553, "activity_lines": [ 168.997333, 168.407636, 162.534333, 157.518108 ] }, { "date": "2023-09-15", "close": 154.24, "volume": 2298628, "typical_volume": 1577662.6, "trend": 153.677333, "fair_value": 184.779359, "relative_strength": -10.925559, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.158354, "energy": 20.228895, "activity_lines": [ 164.087333, 166.058909, 162.343952, 157.508022 ] }, { "date": "2023-09-22", "close": 143.27, "volume": 2043927, "typical_volume": 1528883.0, "trend": 152.814333, "fair_value": 185.088782, "relative_strength": -14.389897, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 0.919275, "energy": 10.409386, "activity_lines": [ 156.866, 161.752727, 161.036429, 156.836581 ] }, { "date": "2023-09-29", "close": 141.18, "volume": 2283520, "typical_volume": 1519582.25, "trend": 151.725333, "fair_value": 185.357885, "relative_strength": -14.638828, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -34.471264, "energy": 36.901559, "activity_lines": [ 150.275333, 157.494909, 159.492952, 156.085978 ] }, { "date": "2023-10-06", "close": 135.41, "volume": 2642472, "typical_volume": 1525501.6, "trend": 151.102667, "fair_value": 185.539167, "relative_strength": -18.01129, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -39.77217, "energy": 50.245542, "activity_lines": [ 143.227333, 152.704, 157.380571, 155.033376 ] }, { "date": "2023-10-13", "close": 130.9, "volume": 1499339, "typical_volume": 1528139.6, "trend": 150.589, "fair_value": 185.680577, "relative_strength": -20.539401, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.417344, "energy": 71.144448, "activity_lines": [ 137.364, 147.644, 154.879905, 153.729978 ] }, { "date": "2023-10-20", "close": 126.5, "volume": 2180978, "typical_volume": 1574968.3, "trend": 150.224, "fair_value": 185.774423, "relative_strength": -20.807216, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.671063, "energy": 77.429365, "activity_lines": [ 132.530667, 142.464909, 152.023667, 152.175849 ] }, { "date": "2023-10-27", "close": 123.28, "volume": 2475495, "typical_volume": 1638386.45, "trend": 149.483667, "fair_value": 185.841218, "relative_strength": -20.347251, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.599324, "energy": 79.070161, "activity_lines": [ 128.473333, 137.571636, 148.962857, 150.437527 ] }, { "date": "2023-11-03", "close": 151.07, "volume": 2854786, "typical_volume": 1716960.75, "trend": 149.914667, "fair_value": 186.061218, "relative_strength": -7.617567, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.988077, "energy": 41.302621, "activity_lines": [ 135.012, 138.456545, 148.687571, 150.539871 ] }, { "date": "2023-11-10", "close": 140.23, "volume": 1404484, "typical_volume": 1708956.55, "trend": 150.121333, "fair_value": 186.11109, "relative_strength": -14.950481, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.054022, "energy": 40.503828, "activity_lines": [ 137.278, 137.590545, 147.379667, 149.915054 ] }, { "date": "2023-11-17", "close": 154.19, "volume": 1400237, "typical_volume": 1698484.6, "trend": 150.835, "fair_value": 186.254551, "relative_strength": -8.322675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.753346, "energy": 18.208773, "activity_lines": [ 143.876, 139.908182, 147.428905, 150.177548 ] }, { "date": "2023-11-24", "close": 156.48, "volume": 548048, "typical_volume": 1667375.1, "trend": 151.416333, "fair_value": 186.39891, "relative_strength": -7.54651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.3139, "energy": 23.086532, "activity_lines": [ 149.684667, 142.899636, 147.703905, 150.541742 ] }, { "date": "2023-12-01", "close": 160.97, "volume": 1145239, "typical_volume": 1642850.5, "trend": 152.264667, "fair_value": 186.500577, "relative_strength": -5.358758, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 14.964307, "energy": 26.299818, "activity_lines": [ 154.991333, 146.666727, 148.405571, 151.158108 ] }, { "date": "2023-12-08", "close": 166.59, "volume": 1100866, "typical_volume": 1642861.15, "trend": 153.247333, "fair_value": 186.618013, "relative_strength": -2.014385, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.055639, "energy": 38.654551, "activity_lines": [ 159.658667, 151.133818, 149.670381, 152.082323 ] }, { "date": "2023-12-15", "close": 183.6, "volume": 2219110, "typical_volume": 1683814.05, "trend": 154.565, "fair_value": 186.844103, "relative_strength": 5.617005, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.183307, "energy": 66.961266, "activity_lines": [ 168.961333, 158.231636, 152.569333, 154.040559 ] }, { "date": "2023-12-22", "close": 184.69, "volume": 1064791, "typical_volume": 1633292.1, "trend": 155.913667, "fair_value": 187.042372, "relative_strength": 5.441424, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.198264, "energy": 77.663449, "activity_lines": [ 175.736, 164.651455, 155.486905, 155.984108 ] }, { "date": "2023-12-29", "close": 188.87, "volume": 942353, "typical_volume": 1604302.0, "trend": 157.278, "fair_value": 187.301987, "relative_strength": 7.595311, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.058373, "energy": 89.77954, "activity_lines": [ 181.870667, 170.853273, 158.724762, 158.110323 ] }, { "date": "2024-01-05", "close": 179.45, "volume": 1540877, "typical_volume": 1636817.25, "trend": 158.178333, "fair_value": 187.492756, "relative_strength": 4.151835, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.256167, "energy": 83.439239, "activity_lines": [ 182.706, 174.208364, 160.996667, 159.540774 ] }, { "date": "2024-01-12", "close": 173.68, "volume": 1122764, "typical_volume": 1647231.1, "trend": 158.933667, "fair_value": 187.655449, "relative_strength": -0.597752, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.321421, "energy": 69.93366, "activity_lines": [ 180.386, 175.493091, 162.641571, 160.540882 ] }, { "date": "2024-01-19", "close": 173.51, "volume": 1037462, "typical_volume": 1645639.7, "trend": 159.849667, "fair_value": 187.742692, "relative_strength": -1.395225, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.087356, "energy": 48.238292, "activity_lines": [ 177.536667, 176.335818, 164.220238, 161.48129 ] }, { "date": "2024-01-26", "close": 176.39, "volume": 910300, "typical_volume": 1635783.8, "trend": 160.536, "fair_value": 187.936154, "relative_strength": -0.299901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.702693, "energy": 34.737558, "activity_lines": [ 176.32, 177.097091, 166.083762, 162.548409 ] }, { "date": "2024-02-02", "close": 175.85, "volume": 1781753, "typical_volume": 1609940.05, "trend": 161.188333, "fair_value": 188.074551, "relative_strength": -1.520013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.123577, "energy": 32.360272, "activity_lines": [ 175.476667, 177.356545, 167.857571, 163.536409 ] }, { "date": "2024-02-09", "close": 176.99, "volume": 1100179, "typical_volume": 1562752.65, "trend": 161.527, "fair_value": 188.210897, "relative_strength": -1.768036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.98447, "energy": 32.671755, "activity_lines": [ 175.881333, 177.471091, 169.637048, 164.555871 ] }, { "date": "2024-02-16", "close": 188.94, "volume": 1624925, "typical_volume": 1529822.9, "trend": 162.173, "fair_value": 188.416154, "relative_strength": 5.558254, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 73.298091, "energy": 51.757158, "activity_lines": [ 180.433333, 179.467091, 172.394048, 166.324452 ] }, { "date": "2024-02-23", "close": 182.93, "volume": 972235, "typical_volume": 1446311.05, "trend": 162.747, "fair_value": 188.473526, "relative_strength": 0.918052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.294953, "energy": 51.291536, "activity_lines": [ 181.964667, 179.964, 174.351238, 167.663613 ] }, { "date": "2024-03-01", "close": 192.86, "volume": 1673615, "typical_volume": 1455024.85, "trend": 163.564, "fair_value": 188.574038, "relative_strength": 5.704297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.206534, "energy": 62.732979, "activity_lines": [ 186.178, 182.278545, 177.027857, 169.606387 ] }, { "date": "2024-03-08", "close": 188.48, "volume": 1168575, "typical_volume": 1404404.7, "trend": 164.032667, "fair_value": 188.655321, "relative_strength": 3.739702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.458833, "energy": 61.914842, "activity_lines": [ 187.833333, 183.648182, 178.992286, 171.213871 ] }, { "date": "2024-03-15", "close": 183.68, "volume": 1735514, "typical_volume": 1367405.65, "trend": 164.716, "fair_value": 188.710833, "relative_strength": 1.267383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.98709, "energy": 55.633741, "activity_lines": [ 187.046667, 184.152182, 180.204429, 172.481441 ] }, { "date": "2024-03-22", "close": 190.74, "volume": 1159342, "typical_volume": 1282633.45, "trend": 165.635, "fair_value": 188.772692, "relative_strength": 2.788239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.924752, "energy": 53.06102, "activity_lines": [ 188.167333, 185.862909, 181.801333, 174.160409 ] }, { "date": "2024-03-29", "close": 195.09, "volume": 1109707, "typical_volume": 1267894.6, "trend": 166.280333, "fair_value": 188.840449, "relative_strength": 4.688391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.552181, "energy": 52.366463, "activity_lines": [ 190.618, 188.054364, 183.623619, 176.060731 ] }, { "date": "2024-04-05", "close": 198.34, "volume": 1362187, "typical_volume": 1265992.1, "trend": 167.28, "fair_value": 188.936731, "relative_strength": 7.153229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.276919, "energy": 54.416919, "activity_lines": [ 193.341333, 190.444364, 185.49419, 178.129097 ] }, { "date": "2024-04-12", "close": 180.21, "volume": 1527545, "typical_volume": 1314966.95, "trend": 168.145667, "fair_value": 188.943333, "relative_strength": -1.319566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.622896, "energy": 40.218705, "activity_lines": [ 189.656, 189.138909, 185.427857, 178.96329 ] }, { "date": "2024-04-19", "close": 175.11, "volume": 1101977, "typical_volume": 1312803.85, "trend": 169.207, "fair_value": 188.923397, "relative_strength": -1.216438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.246032, "energy": 19.415271, "activity_lines": [ 184.822, 186.826909, 184.76281, 179.412602 ] }, { "date": "2024-04-26", "close": 182.5, "volume": 1009104, "typical_volume": 1308215.75, "trend": 170.584333, "fair_value": 188.888718, "relative_strength": 0.191748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.28325, "energy": 18.094164, "activity_lines": [ 183.022667, 185.892727, 184.734238, 180.270215 ] }, { "date": "2024-05-03", "close": 185.52, "volume": 1239137, "typical_volume": 1259217.1, "trend": 172.254667, "fair_value": 188.802115, "relative_strength": 1.085399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.247913, "energy": 20.324731, "activity_lines": [ 182.779333, 185.624727, 184.917524, 181.233806 ] }, { "date": "2024-05-10", "close": 195.85, "volume": 1764757, "typical_volume": 1294215.4, "trend": 174.419667, "fair_value": 188.772564, "relative_strength": 4.54416, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.337789, "energy": 20.115708, "activity_lines": [ 186.617333, 187.187818, 186.075476, 182.756086 ] }, { "date": "2024-05-17", "close": 206.2, "volume": 1344248, "typical_volume": 1314310.15, "trend": 177.076333, "fair_value": 188.768141, "relative_strength": 8.046238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.31521, "energy": 51.816023, "activity_lines": [ 194.071333, 190.578364, 188.166, 184.80643 ] }, { "date": "2024-05-24", "close": 199.0, "volume": 1217119, "typical_volume": 1298122.25, "trend": 179.600333, "fair_value": 188.747308, "relative_strength": 4.122854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.187799, "energy": 61.394747, "activity_lines": [ 197.392667, 192.337636, 189.488286, 186.22086 ] }, { "date": "2024-05-31", "close": 202.07, "volume": 959024, "typical_volume": 1289935.25, "trend": 181.300333, "fair_value": 188.744359, "relative_strength": 5.96122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.582709, "energy": 69.690997, "activity_lines": [ 200.144667, 194.376545, 191.009857, 187.670516 ] }, { "date": "2024-06-07", "close": 198.94, "volume": 1209333, "typical_volume": 1298528.8, "trend": 183.257333, "fair_value": 188.663013, "relative_strength": 2.952803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.678812, "energy": 65.571523, "activity_lines": [ 200.548667, 195.640364, 192.098143, 188.808559 ] }, { "date": "2024-06-14", "close": 204.72, "volume": 1223040, "typical_volume": 1314165.8, "trend": 184.941667, "fair_value": 188.699808, "relative_strength": 4.067331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.987034, "energy": 53.689135, "activity_lines": [ 201.984667, 197.885091, 193.61581, 190.193247 ] }, { "date": "2024-06-21", "close": 208.67, "volume": 1525890, "typical_volume": 1301372.65, "trend": 186.681333, "fair_value": 188.728013, "relative_strength": 5.167512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.217616, "energy": 52.151503, "activity_lines": [ 204.146, 200.732, 195.374762, 191.724108 ] }, { "date": "2024-06-28", "close": 205.28, "volume": 1584635, "typical_volume": 1325595.45, "trend": 188.158333, "fair_value": 188.796923, "relative_strength": 3.400688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.221441, "energy": 43.610411, "activity_lines": [ 205.012667, 202.445091, 196.654571, 192.924022 ] }, { "date": "2024-07-05", "close": 202.15, "volume": 926548, "typical_volume": 1290676.6, "trend": 189.343667, "fair_value": 188.848269, "relative_strength": -0.105215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.296339, "energy": 40.574259, "activity_lines": [ 204.417333, 203.040545, 197.501571, 193.82671 ] }, { "date": "2024-07-12", "close": 225.82, "volume": 1318859, "typical_volume": 1308007.8, "trend": 190.751, "fair_value": 189.066474, "relative_strength": 10.370108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.008718, "energy": 67.873919, "activity_lines": [ 211.706667, 207.582364, 200.539952, 196.180022 ] }, { "date": "2024-07-19", "close": 230.76, "volume": 1527775, "typical_volume": 1300715.8, "trend": 192.286667, "fair_value": 189.235897, "relative_strength": 14.802214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.269368, "energy": 80.301526, "activity_lines": [ 218.850667, 212.289636, 203.844571, 198.761247 ] }, { "date": "2024-07-26", "close": 250.83, "volume": 1961832, "typical_volume": 1340378.65, "trend": 194.352, "fair_value": 189.417051, "relative_strength": 25.218552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.977813, "energy": 93.244327, "activity_lines": [ 230.948667, 220.011273, 208.880143, 202.538237 ] }, { "date": "2024-08-02", "close": 239.28, "volume": 1823328, "typical_volume": 1344769.35, "trend": 196.346333, "fair_value": 189.337179, "relative_strength": 21.613891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.403661, "energy": 88.184679, "activity_lines": [ 236.386, 224.821455, 212.51881, 205.436817 ] }, { "date": "2024-08-09", "close": 238.2, "volume": 2247232, "typical_volume": 1399163.85, "trend": 198.497, "fair_value": 189.264167, "relative_strength": 20.729967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.799086, "energy": 83.819874, "activity_lines": [ 239.196667, 228.702909, 215.789857, 208.137054 ] }, { "date": "2024-08-16", "close": 246.33, "volume": 1175645, "typical_volume": 1402460.75, "trend": 200.924333, "fair_value": 189.326154, "relative_strength": 19.642725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.693445, "energy": 83.493181, "activity_lines": [ 242.314, 233.405636, 219.60919, 211.223054 ] }, { "date": "2024-08-23", "close": 259.04, "volume": 1142077, "typical_volume": 1391455.25, "trend": 203.679333, "fair_value": 189.416667, "relative_strength": 23.523786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.295645, "energy": 73.970384, "activity_lines": [ 248.300667, 239.557636, 224.395, 214.972452 ] }, { "date": "2024-08-30", "close": 255.23, "volume": 1419406, "typical_volume": 1386048.3, "trend": 206.325333, "fair_value": 189.488526, "relative_strength": 21.011546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.88646, "energy": 65.888354, "activity_lines": [ 251.132, 244.029273, 228.528905, 218.298301 ] }, { "date": "2024-09-06", "close": 245.0, "volume": 920221, "typical_volume": 1376960.5, "trend": 208.592333, "fair_value": 189.549808, "relative_strength": 20.738618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.339587, "energy": 59.648984, "activity_lines": [ 250.26, 245.794364, 231.331286, 220.793441 ] }, { "date": "2024-09-13", "close": 254.28, "volume": 1420108, "typical_volume": 1397510.7, "trend": 210.770333, "fair_value": 189.646923, "relative_strength": 19.865042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.378425, "energy": 59.469453, "activity_lines": [ 252.1, 248.524545, 234.684667, 223.741032 ] }, { "date": "2024-09-20", "close": 262.4, "volume": 1746534, "typical_volume": 1422880.55, "trend": 213.419333, "fair_value": 189.729679, "relative_strength": 21.194096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.633985, "energy": 60.149319, "activity_lines": [ 255.574667, 251.783273, 238.469571, 227.071978 ] }, { "date": "2024-09-27", "close": 266.1, "volume": 1313557, "typical_volume": 1400320.55, "trend": 215.860667, "fair_value": 189.781474, "relative_strength": 21.408362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.34077, "energy": 59.578705, "activity_lines": [ 259.211333, 255.049636, 242.240762, 230.470731 ] }, { "date": "2024-10-04", "close": 260.86, "volume": 1482967, "typical_volume": 1407256.5, "trend": 218.273333, "fair_value": 189.840962, "relative_strength": 17.901441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.74396, "energy": 56.443037, "activity_lines": [ 260.630667, 256.720727, 245.178381, 233.373914 ] }, { "date": "2024-10-11", "close": 264.66, "volume": 1177322, "typical_volume": 1405266.65, "trend": 220.972667, "fair_value": 189.911603, "relative_strength": 17.384735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.706356, "energy": 58.936968, "activity_lines": [ 262.941333, 258.900364, 248.217619, 236.366602 ] }, { "date": "2024-10-18", "close": 266.26, "volume": 1427603, "typical_volume": 1428695.6, "trend": 223.49, "fair_value": 189.931282, "relative_strength": 16.214499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.596778, "energy": 57.704925, "activity_lines": [ 264.474667, 260.909455, 251.096571, 239.288366 ] }, { "date": "2024-10-25", "close": 271.03, "volume": 1556525, "typical_volume": 1446055.2, "trend": 226.021333, "fair_value": 190.013333, "relative_strength": 18.477984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.153065, "energy": 57.739954, "activity_lines": [ 266.799333, 263.275636, 254.124143, 242.355462 ] }, { "date": "2024-11-01", "close": 265.0, "volume": 1346958, "typical_volume": 1452251.1, "trend": 228.243333, "fair_value": 189.996538, "relative_strength": 16.829025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.867928, "energy": 52.203972, "activity_lines": [ 266.538667, 264.096364, 256.234143, 244.870215 ] }, { "date": "2024-11-08", "close": 269.06, "volume": 2328278, "typical_volume": 1492370.5, "trend": 231.205, "fair_value": 190.02641, "relative_strength": 12.542066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.764838, "energy": 49.385366, "activity_lines": [ 267.704667, 265.546909, 258.443762, 247.503548 ] }, { "date": "2024-11-15", "close": 261.2, "volume": 1351983, "typical_volume": 1480737.9, "trend": 234.074667, "fair_value": 190.033077, "relative_strength": 11.044444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.331637, "energy": 41.368371, "activity_lines": [ 265.704, 265.316909, 259.617238, 249.43871 ] }, { "date": "2024-11-22", "close": 263.27, "volume": 1369781, "typical_volume": 1502899.55, "trend": 236.767, "fair_value": 190.133718, "relative_strength": 9.598077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.227232, "energy": 32.094803, "activity_lines": [ 264.624, 265.168727, 260.721571, 251.32228 ] }, { "date": "2024-11-29", "close": 280.6, "volume": 1347491, "typical_volume": 1504331.15, "trend": 239.936333, "fair_value": 190.39109, "relative_strength": 14.843702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.243162, "energy": 44.980426, "activity_lines": [ 269.52, 268.008, 263.185333, 254.150215 ] }, { "date": "2024-12-06", "close": 277.37, "volume": 1390104, "typical_volume": 1497447.6, "trend": 242.653667, "fair_value": 190.502308, "relative_strength": 12.063969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.207163, "energy": 43.451793, "activity_lines": [ 272.701333, 269.929091, 265.080619, 256.56529 ] }, { "date": "2024-12-13", "close": 269.58, "volume": 1486840, "typical_volume": 1473698.0, "trend": 244.766333, "fair_value": 190.633974, "relative_strength": 9.300918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.315501, "energy": 40.298628, "activity_lines": [ 272.461333, 270.228909, 266.012048, 258.302473 ] }, { "date": "2024-12-20", "close": 252.74, "volume": 2266983, "typical_volume": 1495880.75, "trend": 246.557667, "fair_value": 190.556218, "relative_strength": 4.230348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.237295, "energy": 21.854178, "activity_lines": [ 266.573333, 267.308364, 265.250381, 258.816903 ] }, { "date": "2024-12-27", "close": 252.11, "volume": 516728, "typical_volume": 1409355.55, "trend": 248.225667, "fair_value": 190.445769, "relative_strength": 3.193229, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.530339, "energy": 11.451598, "activity_lines": [ 261.039333, 264.49, 264.364619, 259.175118 ] }, { "date": "2025-01-03", "close": 253.95, "volume": 806917, "typical_volume": 1390919.15, "trend": 250.059333, "fair_value": 190.422179, "relative_strength": 4.28548, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.23275, "energy": 15.481782, "activity_lines": [ 256.862667, 262.263455, 263.587857, 259.54443 ] }, { "date": "2025-01-10", "close": 238.18, "volume": 1366492, "typical_volume": 1402139.9, "trend": 251.174667, "fair_value": 190.31641, "relative_strength": -0.451704, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.37913, "energy": 31.876889, "activity_lines": [ 249.206, 257.480182, 261.272905, 258.778022 ] }, { "date": "2025-01-17", "close": 261.68, "volume": 1447261, "typical_volume": 1403532.65, "trend": 252.941667, "fair_value": 190.418397, "relative_strength": 5.878631, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.483974, "energy": 19.198466, "activity_lines": [ 251.995333, 257.457273, 261.295381, 259.455785 ] }, { "date": "2025-01-24", "close": 276.14, "volume": 1203095, "typical_volume": 1417676.35, "trend": 255.303667, "fair_value": 190.631667, "relative_strength": 9.374038, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.376721, "energy": 13.161842, "activity_lines": [ 260.131333, 260.197636, 262.664286, 260.952452 ] }, { "date": "2025-01-31", "close": 282.8, "volume": 1561657, "typical_volume": 1424753.8, "trend": 257.992, "fair_value": 190.838333, "relative_strength": 12.585022, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.059578, "energy": 27.074867, "activity_lines": [ 268.927333, 263.877273, 264.51919, 262.726409 ] }, { "date": "2025-02-07", "close": 278.45, "volume": 1614567, "typical_volume": 1418155.45, "trend": 259.746333, "fair_value": 191.006731, "relative_strength": 10.508146, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.413966, "energy": 41.219824, "activity_lines": [ 274.227333, 266.410909, 265.824, 264.04628 ] }, { "date": "2025-02-14", "close": 282.69, "volume": 2042598, "typical_volume": 1454607.5, "trend": 261.477333, "fair_value": 191.263333, "relative_strength": 10.140846, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.947251, "energy": 57.878366, "activity_lines": [ 279.307333, 269.754545, 267.45619, 265.526516 ] }, { "date": "2025-02-21", "close": 262.07, "volume": 1937076, "typical_volume": 1477312.95, "trend": 261.852, "fair_value": 191.379744, "relative_strength": 3.427833, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.747203, "energy": 45.461311, "activity_lines": [ 274.546667, 269.252364, 267.045571, 265.564753 ] }, { "date": "2025-02-28", "close": 271.89, "volume": 1919742, "typical_volume": 1514433.95, "trend": 262.939, "fair_value": 191.690897, "relative_strength": 7.966445, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.119247, "energy": 29.070811, "activity_lines": [ 273.033333, 270.672182, 267.564429, 266.212366 ] }, { "date": "2025-03-07", "close": 250.12, "volume": 2145629, "typical_volume": 1550335.25, "trend": 263.336333, "fair_value": 191.860897, "relative_strength": 2.186744, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.580935, "energy": 8.117039, "activity_lines": [ 264.546667, 267.785636, 265.975524, 265.385333 ] }, { "date": "2025-03-14", "close": 249.9, "volume": 2701223, "typical_volume": 1607570.15, "trend": 263.455333, "fair_value": 191.963526, "relative_strength": 4.09702, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.466017, "energy": 19.863849, "activity_lines": [ 258.165333, 264.895273, 264.442524, 264.518473 ] }, { "date": "2025-03-21", "close": 250.25, "volume": 1374387, "typical_volume": 1608941.6, "trend": 263.162333, "fair_value": 192.060449, "relative_strength": 3.374989, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.617248, "energy": 29.525992, "activity_lines": [ 253.804, 262.142182, 263.043476, 263.666516 ] }, { "date": "2025-03-28", "close": 245.9, "volume": 1064923, "typical_volume": 1545773.85, "trend": 262.851333, "fair_value": 192.12, "relative_strength": 2.800414, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.875839, "energy": 52.961655, "activity_lines": [ 250.155333, 258.378727, 261.300381, 262.552817 ] }, { "date": "2025-04-04", "close": 219.58, "volume": 1803647, "typical_volume": 1568357.05, "trend": 262.004, "fair_value": 192.116282, "relative_strength": 0.737833, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.836255, "energy": 71.738462, "activity_lines": [ 238.811333, 250.116727, 257.160905, 259.761118 ] }, { "date": "2025-04-11", "close": 210.94, "volume": 2943506, "typical_volume": 1647043.3, "trend": 260.559333, "fair_value": 192.026795, "relative_strength": -8.574611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.257677, "energy": 79.624839, "activity_lines": [ 228.074667, 241.312182, 252.396762, 256.466667 ] }, { "date": "2025-04-18", "close": 211.12, "volume": 1519603, "typical_volume": 1655648.9, "trend": 258.85, "fair_value": 191.942885, "relative_strength": -7.36465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.590448, "energy": 83.361992, "activity_lines": [ 220.01, 233.846909, 247.898952, 253.277032 ] }, { "date": "2025-04-25", "close": 224.58, "volume": 1795419, "typical_volume": 1675914.65, "trend": 257.466, "fair_value": 191.980385, "relative_strength": -5.979515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.560233, "energy": 77.32062, "activity_lines": [ 219.017333, 230.053091, 245.013905, 251.066065 ] }, { "date": "2025-05-02", "close": 234.46, "volume": 1728445, "typical_volume": 1687994.9, "trend": 256.586, "fair_value": 192.189167, "relative_strength": -4.830117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.809847, "energy": 62.286575, "activity_lines": [ 223.029333, 229.112182, 243.32119, 249.581806 ] }, { "date": "2025-05-09", "close": 229.63, "volume": 2142825, "typical_volume": 1681787.0, "trend": 255.418333, "fair_value": 192.417115, "relative_strength": -6.498931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.819906, "energy": 40.823307, "activity_lines": [ 226.194, 227.795091, 241.335714, 247.84271 ] }, { "date": "2025-05-16", "close": 235.94, "volume": 1664126, "typical_volume": 1739156.9, "trend": 254.407667, "fair_value": 192.733462, "relative_strength": -8.768141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.089971, "energy": 25.598921, "activity_lines": [ 230.792, 228.393636, 240.061238, 246.586043 ] }, { "date": "2025-05-23", "close": 215.77, "volume": 2396007, "typical_volume": 1818611.4, "trend": 252.565667, "fair_value": 192.823141, "relative_strength": -14.362868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.926776, "energy": 30.816305, "activity_lines": [ 227.0, 225.582727, 236.94281, 244.09329 ] }, { "date": "2025-05-30", "close": 222.7, "volume": 1432494, "typical_volume": 1821911.5, "trend": 251.155667, "fair_value": 193.040385, "relative_strength": -13.114952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.201135, "energy": 30.424327, "activity_lines": [ 225.208, 224.652364, 234.66619, 242.166473 ] }, { "date": "2025-06-06", "close": 230.06, "volume": 1967835, "typical_volume": 1847940.2, "trend": 249.855667, "fair_value": 193.410128, "relative_strength": -11.73034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.068328, "energy": 28.818006, "activity_lines": [ 225.994667, 225.561091, 233.164238, 240.805462 ] }, { "date": "2025-06-13", "close": 236.99, "volume": 2725119, "typical_volume": 1924041.4, "trend": 249.048667, "fair_value": 193.858654, "relative_strength": -8.806006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.586286, "energy": 26.087577, "activity_lines": [ 229.384667, 228.017818, 232.472857, 239.975419 ] }, { "date": "2025-06-20", "close": 238.46, "volume": 1819257, "typical_volume": 1936921.4, "trend": 248.221667, "fair_value": 194.2625, "relative_strength": -8.146428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.426336, "energy": 16.387671, "activity_lines": [ 232.774, 230.425273, 232.107905, 239.29228 ] }, { "date": "2025-06-27", "close": 256.96, "volume": 2946835, "typical_volume": 2003534.8, "trend": 247.433667, "fair_value": 194.748333, "relative_strength": -4.492394, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.488278, "energy": 15.238542, "activity_lines": [ 242.162, 235.696, 233.716, 239.856043 ] }, { "date": "2025-07-04", "close": 260.64, "volume": 2058058, "typical_volume": 2004307.8, "trend": 246.876, "fair_value": 195.300897, "relative_strength": -4.940086, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.984589, "energy": 37.89244, "activity_lines": [ 250.030667, 240.802364, 235.776905, 240.708065 ] }, { "date": "2025-07-11", "close": 256.89, "volume": 2206175, "typical_volume": 2017762.75, "trend": 246.453, "fair_value": 195.825833, "relative_strength": -6.064469, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.545347, "energy": 54.15126, "activity_lines": [ 254.12, 244.571273, 237.585667, 241.354129 ] }, { "date": "2025-07-18", "close": 253.27, "volume": 1622604, "typical_volume": 2002905.85, "trend": 246.470667, "fair_value": 196.269423, "relative_strength": -7.883714, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.634804, "energy": 54.688295, "activity_lines": [ 255.214, 247.274182, 239.074333, 241.793935 ] }, { "date": "2025-07-25", "close": 265.29, "volume": 1582324, "typical_volume": 1974740.6, "trend": 246.91, "fair_value": 196.747756, "relative_strength": -4.744535, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.694439, "energy": 62.045326, "activity_lines": [ 259.229333, 251.732727, 241.796429, 243.008086 ] }, { "date": "2025-08-01", "close": 265.35, "volume": 2566537, "typical_volume": 1968006.3, "trend": 247.29, "fair_value": 197.328205, "relative_strength": -2.246523, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.713278, "energy": 56.187025, "activity_lines": [ 261.476, 255.668545, 244.452, 244.197763 ] }, { "date": "2025-08-08", "close": 278.21, "volume": 2394193, "typical_volume": 2018996.6, "trend": 248.624333, "fair_value": 197.917821, "relative_strength": 0.074085, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.430366, "energy": 65.723823, "activity_lines": [ 267.45, 261.041091, 248.258762, 246.192602 ] }, { "date": "2025-08-15", "close": 294.1, "volume": 2855971, "typical_volume": 2108549.0, "trend": 249.705, "fair_value": 198.630705, "relative_strength": 4.72754, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.35191, "energy": 79.557329, "activity_lines": [ 277.549333, 268.293455, 253.445714, 249.126516 ] }, { "date": "2025-08-22", "close": 303.19, "volume": 2492630, "typical_volume": 2142998.15, "trend": 250.606667, "fair_value": 199.446026, "relative_strength": 7.635966, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.780115, "energy": 94.431947, "activity_lines": [ 288.198, 276.034182, 259.268857, 252.577161 ] }, { "date": "2025-08-29", "close": 305.57, "volume": 1843810, "typical_volume": 2088013.35, "trend": 251.365667, "fair_value": 200.31859, "relative_strength": 8.451529, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.272062, "energy": 93.672559, "activity_lines": [ 296.312, 283.004, 264.920524, 256.123183 ] }, { "date": "2025-09-05", "close": 311.49, "volume": 1317241, "typical_volume": 2077895.25, "trend": 252.467, "fair_value": 201.188462, "relative_strength": 10.070862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.136981, "energy": 93.059517, "activity_lines": [ 303.714, 289.83, 270.685381, 260.002172 ] }, { "date": "2025-09-12", "close": 312.37, "volume": 2219762, "typical_volume": 2099112.4, "trend": 253.456333, "fair_value": 202.147692, "relative_strength": 8.592645, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.464231, "energy": 90.807455, "activity_lines": [ 308.333333, 295.824545, 276.056095, 263.866882 ] }, { "date": "2025-09-19", "close": 318.48, "volume": 2533549, "typical_volume": 2139367.6, "trend": 255.336667, "fair_value": 203.206282, "relative_strength": 9.305852, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.870675, "energy": 88.45177, "activity_lines": [ 312.712, 301.989455, 281.590667, 268.061957 ] }, { "date": "2025-09-26", "close": 301.5, "volume": 1772373, "typical_volume": 2120845.0, "trend": 256.323667, "fair_value": 204.170577, "relative_strength": 3.843571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.381801, "energy": 66.199126, "activity_lines": [ 309.805333, 303.947273, 285.108, 271.040237 ] }, { "date": "2025-10-03", "close": 295.17, "volume": 1178465, "typical_volume": 2096561.95, "trend": 257.825333, "fair_value": 205.055192, "relative_strength": 0.627656, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.900214, "energy": 60.222829, "activity_lines": [ 304.901333, 303.877273, 287.680238, 273.546452 ] }, { "date": "2025-10-10", "close": 283.23, "volume": 1404991, "typical_volume": 2047011.15, "trend": 258.936333, "fair_value": 205.866731, "relative_strength": -0.925315, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.77423, "energy": 40.818068, "activity_lines": [ 296.710667, 301.093091, 288.833286, 275.185462 ] }, { "date": "2025-10-17", "close": 300.55, "volume": 1677134, "typical_volume": 2059243.15, "trend": 260.613, "fair_value": 206.774103, "relative_strength": 3.373176, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.65957, "energy": 28.703068, "activity_lines": [ 296.177333, 301.132909, 291.314619, 277.870215 ] }, { "date": "2025-10-24", "close": 316.99, "volume": 1522466, "typical_volume": 2036974.7, "trend": 262.982667, "fair_value": 207.764936, "relative_strength": 6.984089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.798628, "energy": 38.659805, "activity_lines": [ 301.912, 303.755636, 294.990952, 281.507441 ] }, { "date": "2025-10-31", "close": 305.09, "volume": 1389702, "typical_volume": 1970203.85, "trend": 265.833, "fair_value": 208.811923, "relative_strength": 2.342362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.211523, "energy": 34.696016, "activity_lines": [ 303.779333, 303.798545, 297.12, 284.224043 ] }, { "date": "2025-11-07", "close": 299.56, "volume": 2229977, "typical_volume": 1990739.85, "trend": 268.787, "fair_value": 209.672692, "relative_strength": 2.187679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.285055, "energy": 38.549219, "activity_lines": [ 303.564, 302.801455, 298.398095, 286.399978 ] }, { "date": "2025-11-14", "close": 302.57, "volume": 1342143, "typical_volume": 1910505.25, "trend": 271.835333, "fair_value": 210.612756, "relative_strength": 3.071647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.429134, "energy": 37.627106, "activity_lines": [ 304.059333, 302.460909, 299.671905, 288.579527 ] }, { "date": "2025-11-21", "close": 314.87, "volume": 1727993, "typical_volume": 1894002.0, "trend": 274.845, "fair_value": 211.579551, "relative_strength": 9.215427, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.193949, "energy": 38.695451, "activity_lines": [ 307.365333, 304.518909, 301.899952, 291.355957 ] }, { "date": "2025-11-28", "close": 325.69, "volume": 1323457, "typical_volume": 1849866.1, "trend": 277.886, "fair_value": 212.598141, "relative_strength": 8.916431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.248009, "energy": 44.969177, "activity_lines": [ 313.323333, 308.498727, 304.900238, 294.63628 ] }, { "date": "2025-12-05", "close": 327.64, "volume": 1400137, "typical_volume": 1838742.75, "trend": 281.153, "fair_value": 213.666282, "relative_strength": 9.124494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.514157, "energy": 58.583718, "activity_lines": [ 319.351333, 312.702, 307.758619, 297.846215 ] }, { "date": "2025-12-12", "close": 334.65, "volume": 1879017, "typical_volume": 1853577.4, "trend": 284.443333, "fair_value": 214.796154, "relative_strength": 11.908659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.199848, "energy": 68.204135, "activity_lines": [ 326.212667, 317.704545, 310.930476, 301.297634 ] }, { "date": "2025-12-19", "close": 336.65, "volume": 2260572, "typical_volume": 1838279.15, "trend": 288.472667, "fair_value": 215.938013, "relative_strength": 12.137258, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.933214, "energy": 71.633359, "activity_lines": [ 331.401333, 322.352909, 313.962524, 304.665806 ] }, { "date": "2025-12-26", "close": 346.96, "volume": 764356, "typical_volume": 1756787.3, "trend": 292.614667, "fair_value": 217.140513, "relative_strength": 13.578018, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.120513, "energy": 77.660751, "activity_lines": [ 337.754667, 327.904545, 317.636952, 308.439183 ] }, { "date": "2026-01-02", "close": 335.84, "volume": 954583, "typical_volume": 1661717.9, "trend": 296.140667, "fair_value": 218.214359, "relative_strength": 10.809673, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.719078, "energy": 63.810073, "activity_lines": [ 338.262, 330.590545, 319.924952, 311.227914 ] }, { "date": "2026-01-09", "close": 350.05, "volume": 2342185, "typical_volume": 1654195.65, "trend": 299.909333, "fair_value": 219.322628, "relative_strength": 13.246355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.153569, "energy": 62.292071, "activity_lines": [ 342.829333, 335.517455, 323.367524, 314.705935 ] }, { "date": "2026-01-16", "close": 355.61, "volume": 1817354, "typical_volume": 1652872.85, "trend": 303.814333, "fair_value": 220.469679, "relative_strength": 15.092537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.361131, "energy": 62.972848, "activity_lines": [ 347.756, 340.637818, 327.116476, 318.299527 ] }, { "date": "2026-01-23", "close": 354.09, "volume": 1620359, "typical_volume": 1668028.75, "trend": 307.052, "fair_value": 221.577308, "relative_strength": 14.736782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.828592, "energy": 54.776233, "activity_lines": [ 350.778667, 344.462727, 330.482381, 321.543118 ] }, { "date": "2026-01-30", "close": 357.91, "volume": 1529513, "typical_volume": 1633516.3, "trend": 310.294333, "fair_value": 222.705769, "relative_strength": 15.308238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.770829, "energy": 64.508855, "activity_lines": [ 353.912, 348.045455, 334.009238, 324.82428 ] }, { "date": "2026-02-06", "close": 342.76, "volume": 2832823, "typical_volume": 1648480.0, "trend": 313.156667, "fair_value": 223.762564, "relative_strength": 10.513425, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.67445, "energy": 48.135701, "activity_lines": [ 351.265333, 348.091091, 335.876381, 326.918839 ] }, { "date": "2026-02-13", "close": 289.15, "volume": 6252585, "typical_volume": 1872490.6, "trend": 314.352667, "fair_value": 224.489103, "relative_strength": -5.376519, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.750452, "energy": 9.920027, "activity_lines": [ 330.287333, 338.079091, 332.52219, 325.370022 ] }, { "date": "2026-02-20", "close": 314.0, "volume": 3426560, "typical_volume": 1984895.35, "trend": 315.976333, "fair_value": 225.417564, "relative_strength": 1.552061, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.707973, "energy": 19.465242, "activity_lines": [ 321.652667, 333.285091, 331.593476, 325.347269 ] }, { "date": "2026-02-27", "close": 315.55, "volume": 2916089, "typical_volume": 2060450.25, "trend": 317.649667, "fair_value": 226.325897, "relative_strength": 2.578109, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.990969, "energy": 24.677792, "activity_lines": [ 316.308667, 329.148364, 330.722714, 325.319763 ] }, { "date": "2026-03-06", "close": 299.24, "volume": 1859660, "typical_volume": 2069576.55, "trend": 318.350667, "fair_value": 227.256346, "relative_strength": -0.778986, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.525881, "energy": 34.465818, "activity_lines": [ 308.097333, 322.429818, 328.144714, 324.132043 ] }, { "date": "2026-03-13", "close": 299.29, "volume": 2687775, "typical_volume": 2127842.0, "trend": 318.523667, "fair_value": 228.236987, "relative_strength": 0.737901, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.155422, "energy": 42.720169, "activity_lines": [ 303.814, 316.588, 325.577714, 322.902323 ] }, { "date": "2026-03-20", "close": 293.8, "volume": 2706625, "typical_volume": 2193688.15, "trend": 318.210667, "fair_value": 229.239231, "relative_strength": 0.684933, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.182979, "energy": 45.215312, "activity_lines": [ 300.598667, 310.412545, 322.572143, 321.307247 ] }, { "date": "2026-03-27", "close": 292.93, "volume": 2126616, "typical_volume": 2188520.1, "trend": 317.789333, "fair_value": 230.184359, "relative_strength": 2.616237, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.458254, "energy": 46.084114, "activity_lines": [ 296.783333, 305.101636, 319.537476, 319.676237 ] }, { "date": "2026-04-03", "close": 306.05, "volume": 1617006, "typical_volume": 2202263.25, "trend": 317.608, "fair_value": 231.260705, "relative_strength": 3.538459, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.449038, "energy": 28.339771, "activity_lines": [ 298.746, 303.315818, 317.783905, 318.91886 ] }, { "date": "2026-04-10", "close": 317.74, "volume": 1784220, "typical_volume": 2205074.6, "trend": 317.787, "fair_value": 232.438333, "relative_strength": 3.454549, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.023797, "energy": 16.45445, "activity_lines": [ 305.238667, 304.528909, 317.127095, 318.927376 ] }, { "date": "2026-04-17", "close": 346.43, "volume": 1738975, "typical_volume": 2225850.5, "trend": 318.718667, "fair_value": 233.807885, "relative_strength": 7.546781, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.565834, "energy": 12.707333, "activity_lines": [ 320.061333, 311.688727, 319.189, 320.775312 ] }, { "date": "2026-04-24", "close": 338.56, "volume": 2454260, "typical_volume": 2278556.65, "trend": 319.954, "fair_value": 235.086859, "relative_strength": 4.271495, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.445484, "energy": 20.119, "activity_lines": [ 329.118, 317.350909, 320.402619, 322.055398 ] }, { "date": "2026-05-01", "close": 315.24, "volume": 2672576, "typical_volume": 2318234.6, "trend": 320.623, "fair_value": 236.23891, "relative_strength": -3.891972, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.395992, "energy": 15.169004, "activity_lines": [ 327.417333, 317.874727, 319.343286, 321.751269 ] }, { "date": "2026-05-08", "close": 329.87, "volume": 1815575, "typical_volume": 2295984.75, "trend": 322.177667, "fair_value": 237.474551, "relative_strength": -1.893141, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.985426, "energy": 20.764104, "activity_lines": [ 329.106, 321.036, 319.769714, 322.347849 ] }, { "date": "2026-05-15", "close": 288.23, "volume": 1950561, "typical_volume": 2355295.0, "trend": 321.767, "fair_value": 238.398654, "relative_strength": -14.414872, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.878957, "energy": 19.352525, "activity_lines": [ 315.326667, 316.366, 316.262714, 320.157677 ] }, { "date": "2026-05-22", "close": 291.69, "volume": 1676315, "typical_volume": 2391381.6, "trend": 320.923667, "fair_value": 239.34391, "relative_strength": -14.190934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.139219, "energy": 41.914884, "activity_lines": [ 304.668, 312.525273, 313.364905, 318.217226 ] }, { "date": "2026-05-29", "close": 282.31, "volume": 1701381, "typical_volume": 2359341.4, "trend": 320.164333, "fair_value": 240.205256, "relative_strength": -18.109328, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.22021, "energy": 62.409114, "activity_lines": [ 294.532, 307.117273, 309.784, 315.726022 ] }, { "date": "2026-06-05", "close": 295.71, "volume": 2062937, "typical_volume": 2371620.55, "trend": 320.036, "fair_value": 241.123654, "relative_strength": -12.067326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.53155, "energy": 61.798756, "activity_lines": [ 292.612667, 304.354545, 307.801857, 314.148323 ] }, { "date": "2026-06-12", "close": 299.95, "volume": 1438080, "typical_volume": 2362506.6, "trend": 319.948667, "fair_value": 242.078333, "relative_strength": -11.322249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.45286, "energy": 57.741502, "activity_lines": [ 293.408667, 302.312182, 306.508762, 312.852452 ] }, { "date": "2026-06-19", "close": 297.29, "volume": 2064515, "typical_volume": 2389256.7, "trend": 319.362667, "fair_value": 243.047949, "relative_strength": -12.890198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.332705, "energy": 39.955758, "activity_lines": [ 295.312667, 299.897091, 305.220143, 311.390602 ] }, { "date": "2026-06-26", "close": 315.06, "volume": 2076518, "typical_volume": 2351441.45, "trend": 319.008333, "fair_value": 244.068846, "relative_strength": -5.474088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.147597, "energy": 16.087887, "activity_lines": [ 302.536, 301.084727, 305.912571, 311.113011 ] }, { "date": "2026-07-03", "close": 327.46, "volume": 1634569, "typical_volume": 2120540.65, "trend": 319.002333, "fair_value": 245.166154, "relative_strength": -3.910521, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.157375, "energy": 11.557882, "activity_lines": [ 312.334667, 305.097273, 307.917857, 311.65828 ] }, { "date": "2026-07-10", "close": 324.44, "volume": 1610281, "typical_volume": 2029726.7, "trend": 318.662, "fair_value": 246.176474, "relative_strength": -6.131526, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.199212, "energy": 16.646384, "activity_lines": [ 318.116667, 308.762545, 309.453095, 312.009097 ] }, { "date": "2026-07-17", "close": 330.67, "volume": 2023165, "typical_volume": 1985080.5, "trend": 318.462667, "fair_value": 247.209231, "relative_strength": -2.978406, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.520821, "energy": 26.951032, "activity_lines": [ 324.06, 313.393273, 311.531952, 312.783806 ] }, { "date": "2026-07-24", "close": 325.45, "volume": 1741294, "typical_volume": 1979162.2, "trend": 317.745667, "fair_value": 248.233205, "relative_strength": -4.024777, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.446, "energy": 32.96311, "activity_lines": [ 326.215333, 317.060364, 313.041667, 313.234602 ] }, { "date": "2026-07-31", "close": 355.03, "volume": 2549224, "typical_volume": 1972234.65, "trend": 318.385333, "fair_value": 249.429872, "relative_strength": 3.373658, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.807747, "energy": 58.438975, "activity_lines": [ 336.353333, 325.428909, 317.243714, 315.640043 ] }, { "date": "2026-08-07", "close": 362.38, "volume": 1583809, "typical_volume": 1916093.85, "trend": 318.796333, "fair_value": 250.634744, "relative_strength": 1.818797, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.497331, "energy": 66.403277, "activity_lines": [ 346.276667, 333.982182, 321.880333, 318.478409 ] } ], "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." } } }