{ "ticker": { "uuid": "55cbf7a8-97b7-45b9-bf5b-932f33228512", "symbol": "TIH", "name": "Toromont Industries Ltd.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 91.556, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 31.376, "architecture_energy": 15.823, "architecture_maturity": 82.206, "architecture_confidence": 88.772, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 45.33, "rotation_up": 26.49, "upward_expansion": 56.16, "deceleration": 88.13, "rotation_down": 29.58, "downward_expansion": 19.83 }, "activity_lines": [ 221.579332, 224.374908, 222.87218, 217.79689 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 220.309998, "trend_reference": 209.578406, "distance_from_trend": 0.051206, "trend_direction": "Improving", "fair_value": 140.175598, "distance_from_fair_value": 0.571672, "fair_value_direction": "Weakening", "relative_strength": 5.409071, "relative_strength_direction": "Weakening", "price_momentum": 0.196013, "excess_performance": 0.075592, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.051206, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.108777, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.571672, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.093549, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.054091, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.14638, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.196013, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.980197, "read": "Supply-led" } ], "volume": { "latest": 1304300, "relative_activity": 1.28786, "balance": 0.980197, "dry_up": 1.691508, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.065189, "annualized_volatility": 0.345181, "from_high_reference": -0.080969, "from_low_reference": 0.596421 }, "levels": { "trend_reference": 209.578406, "fair_value_reference": 140.175598, "structural_low": 181.23179, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": 0.01887, "positive_rate": 0.685714, "directional_follow_through": 0.685714, "median_excess_return": 0.006175, "regime_survival": 0.8, "best_return": 0.220525, "worst_return": -0.121838, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.047227, "positive_rate": 0.615385, "directional_follow_through": 0.615385, "median_excess_return": 0.014499, "regime_survival": 0.615385, "best_return": 0.292147, "worst_return": -0.133647, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.034699, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.035762, "regime_survival": 0.625, "best_return": 0.482843, "worst_return": -0.147832, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.067278, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.068235, "regime_survival": 0.5, "best_return": 1.035249, "worst_return": -0.016729, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": 0.052453, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-19", "end": "2024-07-26", "tenure": "New", "return": 0.020534, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": -0.016391, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": 0.063565, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": 0.024721, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": -0.121838, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-13", "tenure": "New", "return": -0.040292, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-02-14", "tenure": "Developing", "return": 0.061722, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.069868, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-23", "tenure": "Developing", "return": 0.047001, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": 0.025827, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2026-03-27", "tenure": "Extended", "return": 0.617895, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.07789, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.053891, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 105.617348, "volume": 430300, "typical_volume": 598365.0, "trend": 103.974385, "fair_value": 96.660254, "relative_strength": 5.712109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.805242, "energy": 56.980281, "activity_lines": [ 107.820387, 106.462901, 104.890601, 104.40168 ] }, { "date": "2023-08-25", "close": 105.7995, "volume": 321400, "typical_volume": 587520.0, "trend": 104.110623, "fair_value": 96.901198, "relative_strength": 5.671274, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.657209, "energy": 45.452439, "activity_lines": [ 107.265634, 106.56731, 105.077065, 104.519429 ] }, { "date": "2023-09-01", "close": 107.975685, "volume": 512700, "typical_volume": 590035.0, "trend": 104.34223, "fair_value": 97.160342, "relative_strength": 4.004364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.841475, "energy": 34.909007, "activity_lines": [ 107.361499, 107.008823, 105.442718, 104.768788 ] }, { "date": "2023-09-08", "close": 106.380196, "volume": 247300, "typical_volume": 573635.0, "trend": 104.473093, "fair_value": 97.39868, "relative_strength": 4.759167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.373143, "energy": 19.300095, "activity_lines": [ 106.901248, 107.015051, 105.625901, 104.90027 ] }, { "date": "2023-09-15", "close": 108.179817, "volume": 600100, "typical_volume": 576215.0, "trend": 104.512068, "fair_value": 97.644595, "relative_strength": 3.581291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.156421, "energy": 23.466663, "activity_lines": [ 107.170885, 107.311256, 105.965696, 105.139413 ] }, { "date": "2023-09-22", "close": 106.957611, "volume": 338400, "typical_volume": 570270.0, "trend": 104.4824, "fair_value": 97.876883, "relative_strength": 6.566612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.034228, "energy": 22.136024, "activity_lines": [ 107.226585, 107.312157, 106.17174, 105.29719 ] }, { "date": "2023-09-29", "close": 106.457191, "volume": 521800, "typical_volume": 555590.0, "trend": 104.441443, "fair_value": 98.09249, "relative_strength": 7.157533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.259053, "energy": 19.123367, "activity_lines": [ 107.026128, 107.165981, 106.297453, 105.424596 ] }, { "date": "2023-10-06", "close": 106.332085, "volume": 482200, "typical_volume": 553855.0, "trend": 104.518165, "fair_value": 98.288087, "relative_strength": 8.446143, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.625709, "energy": 17.465729, "activity_lines": [ 106.740123, 106.964706, 106.384736, 105.546573 ] }, { "date": "2023-10-13", "close": 105.860512, "volume": 307900, "typical_volume": 540850.0, "trend": 104.616726, "fair_value": 98.465178, "relative_strength": 6.593759, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.291148, "energy": 13.737772, "activity_lines": [ 106.406501, 106.700951, 106.433198, 105.633176 ] }, { "date": "2023-10-20", "close": 100.567482, "volume": 321200, "typical_volume": 517560.0, "trend": 104.575455, "fair_value": 98.594925, "relative_strength": 2.980113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.568399, "energy": 19.698991, "activity_lines": [ 104.34318, 105.519734, 105.960662, 105.371934 ] }, { "date": "2023-10-27", "close": 98.844849, "volume": 293600, "typical_volume": 511520.0, "trend": 104.339584, "fair_value": 98.738331, "relative_strength": 3.16825, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.900912, "energy": 45.734466, "activity_lines": [ 102.213138, 104.216481, 105.337692, 105.002218 ] }, { "date": "2023-11-03", "close": 105.90863, "volume": 644400, "typical_volume": 505920.0, "trend": 104.539689, "fair_value": 98.896465, "relative_strength": 4.37277, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -10.331034, "energy": 27.649531, "activity_lines": [ 102.97854, 104.320688, 105.397526, 105.103446 ] }, { "date": "2023-11-10", "close": 108.738007, "volume": 441700, "typical_volume": 495510.0, "trend": 104.778726, "fair_value": 99.078882, "relative_strength": 7.804462, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 8.389917, "energy": 11.86247, "activity_lines": [ 104.723639, 104.937342, 105.710966, 105.374306 ] }, { "date": "2023-11-17", "close": 109.450165, "volume": 396000, "typical_volume": 489980.0, "trend": 104.984529, "fair_value": 99.261846, "relative_strength": 5.436832, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.798809, "energy": 22.285285, "activity_lines": [ 106.545728, 105.66962, 106.050573, 105.675689 ] }, { "date": "2023-11-24", "close": 108.68026, "volume": 257500, "typical_volume": 484330.0, "trend": 105.122656, "fair_value": 99.425395, "relative_strength": 4.81964, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.104645, "energy": 33.012589, "activity_lines": [ 107.871873, 106.206097, 106.292487, 105.914123 ] }, { "date": "2023-12-01", "close": 108.795746, "volume": 1380400, "typical_volume": 519925.0, "trend": 105.412632, "fair_value": 99.58342, "relative_strength": 2.931931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.078423, "energy": 39.21404, "activity_lines": [ 108.695661, 106.754473, 106.523876, 106.151097 ] }, { "date": "2023-12-08", "close": 109.741425, "volume": 655200, "typical_volume": 525500.0, "trend": 105.707715, "fair_value": 99.732987, "relative_strength": 4.200673, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.042176, "energy": 51.640088, "activity_lines": [ 109.171282, 107.44137, 106.821885, 106.430374 ] }, { "date": "2023-12-15", "close": 109.69313, "volume": 735000, "typical_volume": 496905.0, "trend": 105.777117, "fair_value": 99.896179, "relative_strength": 2.987743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.695945, "energy": 50.34723, "activity_lines": [ 109.375285, 108.059772, 107.091183, 106.687497 ] }, { "date": "2023-12-22", "close": 111.702477, "volume": 312300, "typical_volume": 487460.0, "trend": 106.090143, "fair_value": 100.073794, "relative_strength": 2.878534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.048269, "energy": 49.799617, "activity_lines": [ 110.185395, 108.982401, 107.541934, 107.069779 ] }, { "date": "2023-12-29", "close": 112.156509, "volume": 131100, "typical_volume": 466525.0, "trend": 106.381065, "fair_value": 100.263807, "relative_strength": 2.704698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.177557, "energy": 51.410156, "activity_lines": [ 110.996696, 109.881363, 108.019868, 107.461157 ] }, { "date": "2024-01-05", "close": 110.59153, "volume": 235700, "typical_volume": 456795.0, "trend": 106.702177, "fair_value": 100.454342, "relative_strength": 1.230733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.973018, "energy": 44.017412, "activity_lines": [ 111.054587, 110.285074, 108.34364, 107.7328 ] }, { "date": "2024-01-12", "close": 112.967972, "volume": 376900, "typical_volume": 459570.0, "trend": 107.048498, "fair_value": 100.657503, "relative_strength": 2.999378, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.253195, "energy": 50.668127, "activity_lines": [ 111.784906, 110.907289, 108.870052, 108.137045 ] }, { "date": "2024-01-19", "close": 112.407684, "volume": 324200, "typical_volume": 450145.0, "trend": 107.462423, "fair_value": 100.851438, "relative_strength": 2.674197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.835692, "energy": 47.944865, "activity_lines": [ 112.11336, 111.299282, 109.308968, 108.482799 ] }, { "date": "2024-01-26", "close": 112.90036, "volume": 296500, "typical_volume": 452605.0, "trend": 107.748011, "fair_value": 101.066143, "relative_strength": 1.893683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.140154, "energy": 42.112148, "activity_lines": [ 112.425068, 111.714131, 109.773701, 108.833633 ] }, { "date": "2024-02-02", "close": 115.044945, "volume": 328000, "typical_volume": 439000.0, "trend": 108.110838, "fair_value": 101.274494, "relative_strength": 3.802843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.288278, "energy": 62.864211, "activity_lines": [ 113.371779, 112.456174, 110.411632, 109.304403 ] }, { "date": "2024-02-09", "close": 115.392715, "volume": 351800, "typical_volume": 439670.0, "trend": 108.494843, "fair_value": 101.463014, "relative_strength": 4.291688, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.732731, "energy": 66.928001, "activity_lines": [ 114.241852, 113.145726, 111.049993, 109.774202 ] }, { "date": "2024-02-16", "close": 120.348473, "volume": 628100, "typical_volume": 444985.0, "trend": 109.017197, "fair_value": 101.688343, "relative_strength": 7.337107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.370825, "energy": 81.638445, "activity_lines": [ 116.443764, 114.616381, 112.120163, 110.538952 ] }, { "date": "2024-02-23", "close": 121.314522, "volume": 406500, "typical_volume": 441200.0, "trend": 109.473968, "fair_value": 101.916307, "relative_strength": 7.272739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.994409, "energy": 87.585386, "activity_lines": [ 118.47566, 116.069825, 113.216189, 111.332328 ] }, { "date": "2024-03-01", "close": 121.044029, "volume": 454900, "typical_volume": 448550.0, "trend": 109.897755, "fair_value": 102.154277, "relative_strength": 6.193721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.026649, "energy": 87.114509, "activity_lines": [ 119.823602, 117.26279, 114.215109, 112.078783 ] }, { "date": "2024-03-08", "close": 119.879555, "volume": 443700, "typical_volume": 454675.0, "trend": 110.191014, "fair_value": 102.390853, "relative_strength": 4.180272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.961107, "energy": 83.580134, "activity_lines": [ 120.240475, 118.074187, 115.030824, 112.722771 ] }, { "date": "2024-03-15", "close": 124.360115, "volume": 858200, "typical_volume": 482905.0, "trend": 110.815773, "fair_value": 102.656149, "relative_strength": 7.371747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.204218, "energy": 85.600232, "activity_lines": [ 121.82856, 119.559812, 116.181297, 113.636906 ] }, { "date": "2024-03-22", "close": 123.642448, "volume": 555800, "typical_volume": 478475.0, "trend": 111.410537, "fair_value": 102.887035, "relative_strength": 5.941873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.763393, "energy": 72.413487, "activity_lines": [ 122.579596, 120.664614, 117.14192, 114.464434 ] }, { "date": "2024-03-29", "close": 126.416153, "volume": 417300, "typical_volume": 477255.0, "trend": 112.02522, "fair_value": 103.123147, "relative_strength": 7.256456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.771809, "energy": 70.241432, "activity_lines": [ 124.035603, 122.079644, 118.282258, 115.432538 ] }, { "date": "2024-04-05", "close": 129.461395, "volume": 522200, "typical_volume": 483565.0, "trend": 112.794593, "fair_value": 103.372056, "relative_strength": 9.017353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.88403, "energy": 84.470705, "activity_lines": [ 126.166581, 123.793656, 119.628437, 116.557452 ] }, { "date": "2024-04-12", "close": 125.039001, "volume": 710400, "typical_volume": 506210.0, "trend": 113.356566, "fair_value": 103.596602, "relative_strength": 6.747325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.8835, "energy": 62.207619, "activity_lines": [ 126.26227, 124.402486, 120.458145, 117.347414 ] }, { "date": "2024-04-19", "close": 125.378441, "volume": 491800, "typical_volume": 461780.0, "trend": 113.970594, "fair_value": 103.810353, "relative_strength": 7.199255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.263986, "energy": 59.454389, "activity_lines": [ 126.127143, 124.891322, 121.242281, 118.123019 ] }, { "date": "2024-04-26", "close": 125.591797, "volume": 353500, "typical_volume": 446695.0, "trend": 114.608414, "fair_value": 104.032314, "relative_strength": 6.342556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.192246, "energy": 53.457613, "activity_lines": [ 125.995246, 125.237392, 121.967772, 118.872774 ] }, { "date": "2024-05-03", "close": 118.589691, "volume": 824400, "typical_volume": 451165.0, "trend": 115.017001, "fair_value": 104.165954, "relative_strength": 0.322964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.447052, "energy": 26.50675, "activity_lines": [ 123.399358, 124.215019, 121.950917, 119.129631 ] }, { "date": "2024-05-10", "close": 120.558418, "volume": 430000, "typical_volume": 457050.0, "trend": 115.506931, "fair_value": 104.322032, "relative_strength": 0.170101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.981058, "energy": 21.323346, "activity_lines": [ 121.981475, 123.600138, 122.079196, 119.487141 ] }, { "date": "2024-05-17", "close": 119.501328, "volume": 459200, "typical_volume": 473455.0, "trend": 116.138059, "fair_value": 104.47895, "relative_strength": -1.411025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.626901, "energy": 22.511876, "activity_lines": [ 120.804761, 122.801888, 122.064629, 119.744844 ] }, { "date": "2024-05-24", "close": 117.988411, "volume": 351200, "typical_volume": 479230.0, "trend": 116.776178, "fair_value": 104.582198, "relative_strength": -2.081361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.030389, "energy": 19.638836, "activity_lines": [ 119.49292, 121.73544, 121.870998, 119.864222 ] }, { "date": "2024-05-31", "close": 115.447479, "volume": 989000, "typical_volume": 509835.0, "trend": 117.094139, "fair_value": 104.679333, "relative_strength": -3.973753, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.210448, "energy": 25.534458, "activity_lines": [ 117.82677, 120.322852, 121.400151, 119.7785 ] }, { "date": "2024-06-07", "close": 117.058426, "volume": 540600, "typical_volume": 520655.0, "trend": 117.371487, "fair_value": 104.784109, "relative_strength": -1.559702, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.900894, "energy": 23.556497, "activity_lines": [ 117.37389, 119.352164, 121.070921, 119.776195 ] }, { "date": "2024-06-14", "close": 114.468384, "volume": 562800, "typical_volume": 533970.0, "trend": 117.538761, "fair_value": 104.890668, "relative_strength": -2.155037, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.214183, "energy": 49.937634, "activity_lines": [ 116.159747, 118.0807, 120.472873, 119.588898 ] }, { "date": "2024-06-21", "close": 114.906548, "volume": 1174900, "typical_volume": 576315.0, "trend": 117.746304, "fair_value": 104.993708, "relative_strength": -1.460481, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.451851, "energy": 53.090402, "activity_lines": [ 115.497662, 117.161502, 119.909088, 119.419078 ] }, { "date": "2024-06-28", "close": 117.944496, "volume": 523700, "typical_volume": 584910.0, "trend": 118.051262, "fair_value": 105.10291, "relative_strength": -0.415113, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.515737, "energy": 28.193015, "activity_lines": [ 116.154544, 116.978884, 119.635291, 119.431865 ] }, { "date": "2024-07-05", "close": 116.853943, "volume": 310700, "typical_volume": 569040.0, "trend": 118.288346, "fair_value": 105.226911, "relative_strength": -2.170927, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.954204, "energy": 26.573698, "activity_lines": [ 116.450836, 116.733147, 119.24548, 119.354619 ] }, { "date": "2024-07-12", "close": 120.933739, "volume": 451900, "typical_volume": 571310.0, "trend": 118.663033, "fair_value": 105.386794, "relative_strength": -1.571753, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.422256, "energy": 5.45419, "activity_lines": [ 118.013296, 117.388061, 119.260862, 119.525289 ] }, { "date": "2024-07-19", "close": 121.868515, "volume": 351300, "typical_volume": 566130.0, "trend": 119.001901, "fair_value": 105.547476, "relative_strength": -0.981976, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.734501, "energy": 17.303392, "activity_lines": [ 119.628993, 118.170315, 119.367084, 119.732094 ] }, { "date": "2024-07-26", "close": 124.370926, "volume": 327500, "typical_volume": 560320.0, "trend": 119.409048, "fair_value": 105.715363, "relative_strength": 0.426551, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.7415, "energy": 29.043659, "activity_lines": [ 121.585486, 119.383733, 119.707704, 120.078483 ] }, { "date": "2024-08-02", "close": 121.186913, "volume": 619900, "typical_volume": 548405.0, "trend": 119.762227, "fair_value": 105.864274, "relative_strength": 0.405527, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.259291, "energy": 30.345909, "activity_lines": [ 121.849682, 119.929701, 119.723697, 120.193184 ] }, { "date": "2024-08-09", "close": 119.200569, "volume": 419400, "typical_volume": 541585.0, "trend": 119.969981, "fair_value": 105.988452, "relative_strength": -1.575645, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.531785, "energy": 21.802482, "activity_lines": [ 121.235603, 120.056362, 119.565626, 120.156948 ] }, { "date": "2024-08-16", "close": 119.317406, "volume": 422500, "typical_volume": 541845.0, "trend": 120.200305, "fair_value": 106.10353, "relative_strength": -4.603573, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.79853, "energy": 10.196898, "activity_lines": [ 120.504027, 120.136027, 119.439833, 120.114846 ] }, { "date": "2024-08-23", "close": 120.349541, "volume": 247600, "typical_volume": 528115.0, "trend": 120.448611, "fair_value": 106.24373, "relative_strength": -4.679046, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.290679, "energy": 11.955908, "activity_lines": [ 120.224253, 120.362281, 119.446142, 120.124475 ] }, { "date": "2024-08-30", "close": 117.496582, "volume": 954000, "typical_volume": 540295.0, "trend": 120.530332, "fair_value": 106.357822, "relative_strength": -7.104886, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.004471, "energy": 22.824725, "activity_lines": [ 119.094756, 119.962885, 119.224131, 119.934021 ] }, { "date": "2024-09-06", "close": 118.054565, "volume": 525600, "typical_volume": 541985.0, "trend": 120.61906, "fair_value": 106.475729, "relative_strength": -4.309937, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.356365, "energy": 23.640164, "activity_lines": [ 118.609544, 119.617849, 119.091178, 119.774294 ] }, { "date": "2024-09-13", "close": 124.320938, "volume": 579400, "typical_volume": 553280.0, "trend": 120.751476, "fair_value": 106.64255, "relative_strength": -2.606872, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -0.839448, "energy": 2.378163, "activity_lines": [ 120.421946, 120.410153, 119.589897, 120.013125 ] }, { "date": "2024-09-20", "close": 126.901794, "volume": 680600, "typical_volume": 546090.0, "trend": 120.937718, "fair_value": 106.816872, "relative_strength": -1.797683, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.812151, "energy": 33.856512, "activity_lines": [ 122.753275, 121.535939, 120.340464, 120.40992 ] }, { "date": "2024-09-27", "close": 127.732758, "volume": 356800, "typical_volume": 542430.0, "trend": 121.160676, "fair_value": 107.003587, "relative_strength": -1.482916, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.023938, "energy": 57.059458, "activity_lines": [ 124.855966, 122.704299, 121.130589, 120.848309 ] }, { "date": "2024-10-04", "close": 127.08754, "volume": 371900, "typical_volume": 538065.0, "trend": 121.400942, "fair_value": 107.175206, "relative_strength": -2.724545, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.228284, "energy": 61.26275, "activity_lines": [ 126.25137, 123.648725, 121.825101, 121.230688 ] }, { "date": "2024-10-11", "close": 130.890396, "volume": 466500, "typical_volume": 543830.0, "trend": 121.618618, "fair_value": 107.355511, "relative_strength": -1.044562, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.538012, "energy": 80.160125, "activity_lines": [ 128.274996, 125.235186, 122.845665, 121.842911 ] }, { "date": "2024-10-18", "close": 130.626434, "volume": 371900, "typical_volume": 512975.0, "trend": 121.851418, "fair_value": 107.529512, "relative_strength": -2.642253, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.045119, "energy": 79.256147, "activity_lines": [ 129.354912, 126.597227, 123.779652, 122.42406 ] }, { "date": "2024-10-25", "close": 123.265137, "volume": 583300, "typical_volume": 515110.0, "trend": 121.746384, "fair_value": 107.660219, "relative_strength": -6.702761, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.345336, "energy": 50.164357, "activity_lines": [ 127.560696, 126.413107, 123.940282, 122.515268 ] }, { "date": "2024-11-01", "close": 120.889587, "volume": 552500, "typical_volume": 514595.0, "trend": 121.460657, "fair_value": 107.7633, "relative_strength": -7.596401, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.17909, "energy": 24.548017, "activity_lines": [ 125.217074, 125.725292, 123.845114, 122.459991 ] }, { "date": "2024-11-08", "close": 115.991814, "volume": 1238900, "typical_volume": 517795.0, "trend": 121.159084, "fair_value": 107.828518, "relative_strength": -12.882249, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 2.757704, "energy": 15.14011, "activity_lines": [ 121.697073, 124.137154, 123.252913, 122.107162 ] }, { "date": "2024-11-15", "close": 114.711174, "volume": 1093500, "typical_volume": 546285.0, "trend": 120.803508, "fair_value": 107.887981, "relative_strength": -14.047679, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -32.395636, "energy": 37.598845, "activity_lines": [ 118.489906, 122.343532, 122.533579, 121.691168 ] }, { "date": "2024-11-22", "close": 114.124603, "volume": 753000, "typical_volume": 568400.0, "trend": 120.421268, "fair_value": 107.962311, "relative_strength": -16.070524, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.836003, "energy": 45.162238, "activity_lines": [ 116.165831, 120.50405, 121.773778, 121.260271 ] }, { "date": "2024-11-29", "close": 112.423592, "volume": 1064900, "typical_volume": 599050.0, "trend": 120.215732, "fair_value": 108.034899, "relative_strength": -17.700922, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.611927, "energy": 63.827748, "activity_lines": [ 114.374874, 118.54068, 120.864973, 120.744292 ] }, { "date": "2024-12-06", "close": 109.958221, "volume": 1004400, "typical_volume": 631705.0, "trend": 119.862392, "fair_value": 108.085993, "relative_strength": -19.317305, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.530561, "energy": 72.829914, "activity_lines": [ 112.484896, 116.392301, 119.761895, 120.082517 ] }, { "date": "2024-12-13", "close": 109.526253, "volume": 989900, "typical_volume": 664825.0, "trend": 119.529889, "fair_value": 108.120739, "relative_strength": -18.006568, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.039552, "energy": 83.543454, "activity_lines": [ 111.179687, 114.488557, 118.674393, 119.415669 ] }, { "date": "2024-12-20", "close": 111.980667, "volume": 1279900, "typical_volume": 697825.0, "trend": 119.329631, "fair_value": 108.15788, "relative_strength": -13.618952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.950474, "energy": 76.618724, "activity_lines": [ 111.123653, 113.350365, 117.891334, 118.928622 ] }, { "date": "2024-12-27", "close": 112.353745, "volume": 471300, "typical_volume": 700420.0, "trend": 119.226507, "fair_value": 108.190983, "relative_strength": -13.76121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.618689, "energy": 67.059224, "activity_lines": [ 111.374012, 112.623819, 117.187645, 118.478565 ] }, { "date": "2025-01-03", "close": 111.214882, "volume": 318000, "typical_volume": 695195.0, "trend": 119.031722, "fair_value": 108.230485, "relative_strength": -15.31642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.868922, "energy": 51.738228, "activity_lines": [ 111.362808, 112.022438, 116.408097, 117.961686 ] }, { "date": "2025-01-10", "close": 111.911942, "volume": 672100, "typical_volume": 716420.0, "trend": 118.946507, "fair_value": 108.310866, "relative_strength": -13.45917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.495636, "energy": 44.891456, "activity_lines": [ 111.664537, 111.76689, 115.733519, 117.502346 ] }, { "date": "2025-01-17", "close": 113.168602, "volume": 1031600, "typical_volume": 720300.0, "trend": 118.888576, "fair_value": 108.392453, "relative_strength": -13.259953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.438269, "energy": 34.892368, "activity_lines": [ 112.254905, 111.903056, 115.218802, 117.129577 ] }, { "date": "2025-01-24", "close": 119.962456, "volume": 1035000, "typical_volume": 745770.0, "trend": 118.955841, "fair_value": 108.523658, "relative_strength": -9.286409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.867722, "energy": 16.780992, "activity_lines": [ 114.867068, 113.325799, 115.371728, 117.19886 ] }, { "date": "2025-01-31", "close": 113.777306, "volume": 709800, "typical_volume": 752290.0, "trend": 118.853287, "fair_value": 108.607525, "relative_strength": -13.862121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.449918, "energy": 21.956476, "activity_lines": [ 114.885395, 113.528492, 114.926507, 116.864761 ] }, { "date": "2025-02-07", "close": 114.297638, "volume": 641300, "typical_volume": 750325.0, "trend": 118.632083, "fair_value": 108.652729, "relative_strength": -12.837384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.07239, "energy": 22.063595, "activity_lines": [ 114.982262, 113.832105, 114.581049, 116.570848 ] }, { "date": "2025-02-14", "close": 118.892334, "volume": 552100, "typical_volume": 760090.0, "trend": 118.532877, "fair_value": 108.76638, "relative_strength": -9.139056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.674637, "energy": 14.452322, "activity_lines": [ 116.405177, 114.937044, 114.733201, 116.587639 ] }, { "date": "2025-02-21", "close": 119.285027, "volume": 582900, "typical_volume": 770640.0, "trend": 118.363347, "fair_value": 108.889217, "relative_strength": -7.30012, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.789273, "energy": 13.298842, "activity_lines": [ 117.49363, 115.950943, 114.96485, 116.636164 ] }, { "date": "2025-02-28", "close": 119.255585, "volume": 795600, "typical_volume": 787095.0, "trend": 118.29897, "fair_value": 108.990596, "relative_strength": -7.904226, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.821943, "energy": 18.859863, "activity_lines": [ 118.164508, 116.782056, 115.230849, 116.693728 ] }, { "date": "2025-03-07", "close": 115.743515, "volume": 806900, "typical_volume": 808845.0, "trend": 118.183734, "fair_value": 109.034452, "relative_strength": -8.033725, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.04103, "energy": 16.013566, "activity_lines": [ 117.71182, 116.84234, 115.21777, 116.52886 ] }, { "date": "2025-03-14", "close": 112.341316, "volume": 836300, "typical_volume": 821495.0, "trend": 117.951198, "fair_value": 109.040461, "relative_strength": -9.608523, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.907411, "energy": 15.141443, "activity_lines": [ 115.993986, 116.222411, 114.951542, 116.15193 ] }, { "date": "2025-03-21", "close": 113.248573, "volume": 869600, "typical_volume": 837350.0, "trend": 117.714499, "fair_value": 109.075558, "relative_strength": -10.021309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.768875, "energy": 20.324888, "activity_lines": [ 114.708991, 115.746956, 114.823738, 115.848535 ] }, { "date": "2025-03-28", "close": 110.950867, "volume": 491500, "typical_volume": 799980.0, "trend": 117.496309, "fair_value": 109.072111, "relative_strength": -10.685415, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.783406, "energy": 32.30253, "activity_lines": [ 113.034346, 114.829435, 114.513491, 115.412171 ] }, { "date": "2025-04-04", "close": 110.152084, "volume": 864700, "typical_volume": 788540.0, "trend": 117.232893, "fair_value": 109.057996, "relative_strength": -4.954425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.730335, "energy": 41.939819, "activity_lines": [ 111.64905, 113.807003, 114.151174, 114.93835 ] }, { "date": "2025-04-11", "close": 112.134224, "volume": 841000, "typical_volume": 792940.0, "trend": 116.826669, "fair_value": 109.044891, "relative_strength": -4.510324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.152328, "energy": 44.059648, "activity_lines": [ 111.531368, 113.32333, 113.999342, 114.609404 ] }, { "date": "2025-04-18", "close": 111.315727, "volume": 460600, "typical_volume": 762725.0, "trend": 116.307133, "fair_value": 109.037692, "relative_strength": -7.166121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.570309, "energy": 43.306068, "activity_lines": [ 111.381473, 112.720714, 113.779036, 114.253859 ] }, { "date": "2025-04-25", "close": 112.656883, "volume": 496800, "typical_volume": 737345.0, "trend": 115.804604, "fair_value": 109.077981, "relative_strength": -7.600965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.425974, "energy": 28.89404, "activity_lines": [ 111.747002, 112.41616, 113.691734, 114.018359 ] }, { "date": "2025-05-02", "close": 109.412476, "volume": 843700, "typical_volume": 730035.0, "trend": 115.215435, "fair_value": 109.121349, "relative_strength": -11.054867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.583334, "energy": 30.543985, "activity_lines": [ 111.070508, 111.635087, 113.282591, 113.605964 ] }, { "date": "2025-05-09", "close": 111.858109, "volume": 852000, "typical_volume": 708640.0, "trend": 114.581026, "fair_value": 109.167311, "relative_strength": -9.886372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.065397, "energy": 25.365064, "activity_lines": [ 111.311785, 111.478175, 113.106907, 113.389362 ] }, { "date": "2025-05-16", "close": 115.822395, "volume": 927100, "typical_volume": 731430.0, "trend": 114.087558, "fair_value": 109.254904, "relative_strength": -8.590545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.810105, "energy": 10.19888, "activity_lines": [ 112.760755, 112.176542, 113.309357, 113.469451 ] }, { "date": "2025-05-23", "close": 115.32933, "volume": 796100, "typical_volume": 755335.0, "trend": 113.823031, "fair_value": 109.327819, "relative_strength": -8.356746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.21585, "energy": 10.880742, "activity_lines": [ 113.799493, 112.783826, 113.448332, 113.549565 ] }, { "date": "2025-05-30", "close": 117.360786, "volume": 884500, "typical_volume": 765955.0, "trend": 113.705404, "fair_value": 109.410803, "relative_strength": -7.537739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.307574, "energy": 23.135406, "activity_lines": [ 115.247809, 113.706139, 113.761186, 113.777807 ] }, { "date": "2025-06-06", "close": 118.559509, "volume": 611800, "typical_volume": 744965.0, "trend": 113.790994, "fair_value": 109.527278, "relative_strength": -7.184338, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.084553, "energy": 43.495495, "activity_lines": [ 116.782105, 114.771634, 114.162257, 114.090975 ] }, { "date": "2025-06-13", "close": 120.391891, "volume": 744900, "typical_volume": 730460.0, "trend": 113.980351, "fair_value": 109.708021, "relative_strength": -5.737229, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.893833, "energy": 60.455895, "activity_lines": [ 118.317394, 116.03195, 114.71217, 114.51684 ] }, { "date": "2025-06-20", "close": 117.430374, "volume": 686600, "typical_volume": 729300.0, "trend": 114.090544, "fair_value": 109.849933, "relative_strength": -7.701205, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.184693, "energy": 55.713191, "activity_lines": [ 118.296591, 116.56763, 114.977989, 114.739422 ] }, { "date": "2025-06-27", "close": 120.936646, "volume": 550200, "typical_volume": 724745.0, "trend": 114.374312, "fair_value": 109.995382, "relative_strength": -5.312233, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.783733, "energy": 60.564946, "activity_lines": [ 119.337347, 117.64452, 115.560342, 115.181106 ] }, { "date": "2025-07-04", "close": 123.452446, "volume": 383400, "typical_volume": 716310.0, "trend": 114.82412, "fair_value": 110.155626, "relative_strength": -4.341773, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.537337, "energy": 65.840597, "activity_lines": [ 120.842882, 119.003903, 116.350682, 115.766792 ] }, { "date": "2025-07-11", "close": 125.889008, "volume": 535500, "typical_volume": 713940.0, "trend": 115.369545, "fair_value": 110.360897, "relative_strength": -2.087683, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.675428, "energy": 73.353425, "activity_lines": [ 122.754493, 120.610015, 117.35136, 116.480656 ] }, { "date": "2025-07-18", "close": 127.51339, "volume": 717900, "typical_volume": 710055.0, "trend": 115.887302, "fair_value": 110.535192, "relative_strength": -1.600407, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.335805, "energy": 80.662793, "activity_lines": [ 124.718932, 122.211895, 118.475293, 117.264129 ] }, { "date": "2025-07-25", "close": 132.089371, "volume": 535100, "typical_volume": 696465.0, "trend": 116.545156, "fair_value": 110.729321, "relative_strength": 1.528288, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.902147, "energy": 88.30496, "activity_lines": [ 127.733932, 124.36113, 119.995712, 118.309424 ] }, { "date": "2025-08-01", "close": 139.151428, "volume": 955300, "typical_volume": 702415.0, "trend": 117.476375, "fair_value": 110.970776, "relative_strength": 8.966522, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.864536, "energy": 95.853118, "activity_lines": [ 132.125684, 127.498612, 122.11087, 119.767893 ] }, { "date": "2025-08-08", "close": 139.517914, "volume": 674400, "typical_volume": 692655.0, "trend": 118.396574, "fair_value": 111.217303, "relative_strength": 6.484834, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.89916, "energy": 94.558784, "activity_lines": [ 135.425279, 130.269599, 124.133264, 121.189928 ] }, { "date": "2025-08-15", "close": 140.716385, "volume": 661500, "typical_volume": 701155.0, "trend": 119.314833, "fair_value": 111.475325, "relative_strength": 6.892403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.188276, "energy": 93.243281, "activity_lines": [ 138.053333, 132.855633, 126.144706, 122.629916 ] }, { "date": "2025-08-22", "close": 143.331238, "volume": 488200, "typical_volume": 682330.0, "trend": 120.093793, "fair_value": 111.755797, "relative_strength": 7.283433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.594837, "energy": 93.395266, "activity_lines": [ 140.564513, 135.514243, 128.263441, 124.179361 ] }, { "date": "2025-08-29", "close": 142.221893, "volume": 713200, "typical_volume": 675940.0, "trend": 121.041945, "fair_value": 112.05433, "relative_strength": 5.613895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.55578, "energy": 89.241022, "activity_lines": [ 141.651389, 137.554074, 130.118528, 125.606981 ] }, { "date": "2025-09-05", "close": 144.01326, "volume": 561900, "typical_volume": 681005.0, "trend": 122.032466, "fair_value": 112.341094, "relative_strength": 5.25117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.06649, "energy": 83.464916, "activity_lines": [ 142.659885, 139.468854, 132.000947, 127.089001 ] }, { "date": "2025-09-12", "close": 146.210205, "volume": 881700, "typical_volume": 700250.0, "trend": 122.943062, "fair_value": 112.66472, "relative_strength": 6.12802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.171354, "energy": 71.167793, "activity_lines": [ 144.076574, 141.363504, 133.936897, 128.648855 ] }, { "date": "2025-09-19", "close": 151.73732, "volume": 1218600, "typical_volume": 718995.0, "trend": 124.024805, "fair_value": 113.056942, "relative_strength": 8.444345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.540045, "energy": 74.429791, "activity_lines": [ 146.889482, 143.849305, 136.23946, 130.506549 ] }, { "date": "2025-09-26", "close": 153.606201, "volume": 891600, "typical_volume": 720975.0, "trend": 125.169825, "fair_value": 113.457499, "relative_strength": 9.882855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.636757, "energy": 73.673272, "activity_lines": [ 149.590621, 146.204935, 138.518466, 132.415026 ] }, { "date": "2025-10-03", "close": 154.799118, "volume": 745900, "typical_volume": 711915.0, "trend": 126.471679, "fair_value": 113.857624, "relative_strength": 8.234139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.50431, "energy": 77.349667, "activity_lines": [ 152.004402, 148.303043, 140.712282, 134.326594 ] }, { "date": "2025-10-10", "close": 156.310135, "volume": 572800, "typical_volume": 700750.0, "trend": 127.937306, "fair_value": 114.269925, "relative_strength": 11.614905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.469758, "energy": 83.589689, "activity_lines": [ 154.083373, 150.262977, 142.864401, 136.251655 ] }, { "date": "2025-10-17", "close": 156.041718, "volume": 570100, "typical_volume": 685030.0, "trend": 129.363744, "fair_value": 114.672671, "relative_strength": 10.506069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.909845, "energy": 70.06789, "activity_lines": [ 155.25308, 151.862132, 144.795809, 138.064843 ] }, { "date": "2025-10-24", "close": 161.648361, "volume": 518800, "typical_volume": 680380.0, "trend": 131.053661, "fair_value": 115.079648, "relative_strength": 13.420661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.642314, "energy": 76.143669, "activity_lines": [ 157.636235, 154.180244, 147.076989, 140.147722 ] }, { "date": "2025-10-31", "close": 167.513474, "volume": 1107400, "typical_volume": 698505.0, "trend": 132.965707, "fair_value": 115.520578, "relative_strength": 17.629068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.712848, "energy": 75.830693, "activity_lines": [ 161.31369, 157.184158, 149.711566, 142.499968 ] }, { "date": "2025-11-07", "close": 160.028, "volume": 1205300, "typical_volume": 724440.0, "trend": 134.562166, "fair_value": 115.924094, "relative_strength": 13.373782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.386887, "energy": 66.338252, "activity_lines": [ 161.568837, 158.3874, 151.408853, 144.245922 ] }, { "date": "2025-11-14", "close": 158.616394, "volume": 1146600, "typical_volume": 754260.0, "trend": 136.138855, "fair_value": 116.333564, "relative_strength": 10.558426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.317905, "energy": 64.512834, "activity_lines": [ 161.004855, 159.010239, 152.768854, 145.797808 ] }, { "date": "2025-11-21", "close": 158.039825, "volume": 686500, "typical_volume": 769415.0, "trend": 137.65162, "fair_value": 116.725003, "relative_strength": 10.42336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.060654, "energy": 56.980559, "activity_lines": [ 160.094934, 159.262736, 153.894517, 147.210774 ] }, { "date": "2025-11-28", "close": 162.443634, "volume": 790800, "typical_volume": 782180.0, "trend": 139.419325, "fair_value": 117.137746, "relative_strength": 8.731052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.366316, "energy": 50.452058, "activity_lines": [ 160.519742, 160.100841, 155.274889, 148.810258 ] }, { "date": "2025-12-05", "close": 162.612976, "volume": 789400, "typical_volume": 785755.0, "trend": 141.111154, "fair_value": 117.571061, "relative_strength": 8.691504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.651928, "energy": 47.636914, "activity_lines": [ 160.947979, 160.775076, 156.497319, 150.306623 ] }, { "date": "2025-12-12", "close": 164.976471, "volume": 850200, "typical_volume": 801510.0, "trend": 142.749623, "fair_value": 118.016112, "relative_strength": 9.120834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.884563, "energy": 50.371591, "activity_lines": [ 162.490747, 161.715277, 157.777702, 151.846321 ] }, { "date": "2025-12-19", "close": 161.176926, "volume": 1133400, "typical_volume": 810415.0, "trend": 144.277877, "fair_value": 118.455099, "relative_strength": 5.619252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.643877, "energy": 44.75287, "activity_lines": [ 162.437102, 161.77961, 158.539619, 153.035179 ] }, { "date": "2025-12-26", "close": 166.19313, "volume": 381500, "typical_volume": 795770.0, "trend": 145.905621, "fair_value": 118.924656, "relative_strength": 7.790172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.739085, "energy": 48.924542, "activity_lines": [ 163.884824, 162.667492, 159.674387, 154.449066 ] }, { "date": "2026-01-02", "close": 167.34996, "volume": 384200, "typical_volume": 781905.0, "trend": 147.53197, "fair_value": 119.374617, "relative_strength": 8.584278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.983647, "energy": 50.059157, "activity_lines": [ 165.174601, 163.581136, 160.792304, 155.832572 ] }, { "date": "2026-01-09", "close": 170.930115, "volume": 804400, "typical_volume": 797715.0, "trend": 149.216577, "fair_value": 119.818625, "relative_strength": 8.115567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.50629, "energy": 52.68759, "activity_lines": [ 167.330675, 165.042051, 162.124361, 157.34213 ] }, { "date": "2026-01-16", "close": 177.701508, "volume": 747900, "typical_volume": 799450.0, "trend": 151.225615, "fair_value": 120.32921, "relative_strength": 10.564732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.316623, "energy": 71.754033, "activity_lines": [ 171.189404, 167.672008, 163.96989, 159.179867 ] }, { "date": "2026-01-23", "close": 178.798477, "volume": 858700, "typical_volume": 814290.0, "trend": 153.154343, "fair_value": 120.823352, "relative_strength": 10.597699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.06611, "energy": 76.655513, "activity_lines": [ 174.565454, 170.180078, 165.750941, 160.958762 ] }, { "date": "2026-01-30", "close": 172.974487, "volume": 1218000, "typical_volume": 831105.0, "trend": 154.805077, "fair_value": 121.284551, "relative_strength": 10.669298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.982063, "energy": 70.337876, "activity_lines": [ 174.825404, 171.262294, 166.811683, 162.237481 ] }, { "date": "2026-02-06", "close": 184.203629, "volume": 1409000, "typical_volume": 840625.0, "trend": 156.748898, "fair_value": 121.808585, "relative_strength": 15.331772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.636209, "energy": 83.574905, "activity_lines": [ 178.37631, 174.114632, 168.814418, 164.134161 ] }, { "date": "2026-02-13", "close": 204.368179, "volume": 1664200, "typical_volume": 879255.0, "trend": 159.310724, "fair_value": 122.432672, "relative_strength": 24.886184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.574397, "energy": 94.670676, "activity_lines": [ 187.525156, 180.237616, 172.582985, 167.206373 ] }, { "date": "2026-02-20", "close": 200.827927, "volume": 1289100, "typical_volume": 906415.0, "trend": 161.60201, "fair_value": 123.0287, "relative_strength": 19.468641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.507071, "energy": 92.766288, "activity_lines": [ 193.264713, 184.957732, 175.772661, 169.884902 ] }, { "date": "2026-02-27", "close": 211.119629, "volume": 1927900, "typical_volume": 974170.0, "trend": 164.00095, "fair_value": 123.691736, "relative_strength": 22.989349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.205926, "energy": 95.466896, "activity_lines": [ 200.893076, 190.897222, 179.723315, 173.079587 ] }, { "date": "2026-03-06", "close": 199.610001, "volume": 1618200, "typical_volume": 1026575.0, "trend": 166.004019, "fair_value": 124.304426, "relative_strength": 20.072438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.629073, "energy": 85.493464, "activity_lines": [ 202.530153, 193.836003, 182.316816, 175.376945 ] }, { "date": "2026-03-13", "close": 197.649994, "volume": 965400, "typical_volume": 1048905.0, "trend": 167.901806, "fair_value": 124.911774, "relative_strength": 20.18375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.739132, "energy": 65.443999, "activity_lines": [ 201.738193, 195.81084, 184.516182, 177.418621 ] }, { "date": "2026-03-20", "close": 190.059998, "volume": 2307800, "typical_volume": 1108925.0, "trend": 169.459431, "fair_value": 125.477507, "relative_strength": 19.390696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.963602, "energy": 55.239918, "activity_lines": [ 197.51981, 195.854768, 185.821254, 178.848182 ] }, { "date": "2026-03-27", "close": 189.990005, "volume": 1093300, "typical_volume": 1103325.0, "trend": 171.051702, "fair_value": 126.016411, "relative_strength": 16.300705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.567844, "energy": 35.996691, "activity_lines": [ 194.231975, 195.538154, 187.012296, 180.172735 ] }, { "date": "2026-04-03", "close": 195.17868, "volume": 1086200, "typical_volume": 1100305.0, "trend": 172.757216, "fair_value": 126.627137, "relative_strength": 14.840824, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.935219, "energy": 28.468325, "activity_lines": [ 193.396227, 195.941508, 188.554822, 181.729314 ] }, { "date": "2026-04-10", "close": 210.361237, "volume": 1158500, "typical_volume": 1123905.0, "trend": 174.895584, "fair_value": 127.324536, "relative_strength": 20.940989, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.175275, "energy": 39.745155, "activity_lines": [ 198.684061, 198.807505, 191.369199, 184.15538 ] }, { "date": "2026-04-17", "close": 210.38118, "volume": 1180000, "typical_volume": 1143365.0, "trend": 176.850379, "fair_value": 128.011108, "relative_strength": 17.991727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.303542, "energy": 50.770237, "activity_lines": [ 203.261793, 200.997369, 193.936325, 186.444774 ] }, { "date": "2026-04-24", "close": 209.044479, "volume": 885100, "typical_volume": 1148150.0, "trend": 178.698322, "fair_value": 128.681031, "relative_strength": 18.068461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.437456, "energy": 57.749944, "activity_lines": [ 206.545213, 202.468241, 196.147873, 188.521812 ] }, { "date": "2026-05-01", "close": 216.845245, "volume": 1278300, "typical_volume": 1169555.0, "trend": 180.766526, "fair_value": 129.429421, "relative_strength": 21.613062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.646028, "energy": 73.57918, "activity_lines": [ 211.163256, 205.27241, 198.881249, 190.982904 ] }, { "date": "2026-05-08", "close": 216.765442, "volume": 1224400, "typical_volume": 1174105.0, "trend": 182.781703, "fair_value": 130.172219, "relative_strength": 20.047107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.879314, "energy": 74.60012, "activity_lines": [ 213.964348, 207.770846, 201.36003, 193.305415 ] }, { "date": "2026-05-15", "close": 223.339233, "volume": 1173600, "typical_volume": 1213710.0, "trend": 185.024953, "fair_value": 130.914066, "relative_strength": 23.620364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.447998, "energy": 80.839428, "activity_lines": [ 217.517587, 211.361866, 204.20018, 195.92203 ] }, { "date": "2026-05-22", "close": 222.112259, "volume": 1063400, "typical_volume": 1247670.0, "trend": 187.040416, "fair_value": 131.682018, "relative_strength": 19.808446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.388902, "energy": 74.080953, "activity_lines": [ 219.796635, 214.298358, 206.65135, 198.314759 ] }, { "date": "2026-05-29", "close": 226.830612, "volume": 974000, "typical_volume": 1256150.0, "trend": 189.017654, "fair_value": 132.473055, "relative_strength": 20.427354, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.601621, "energy": 78.230994, "activity_lines": [ 222.866395, 217.647965, 209.291114, 200.881868 ] }, { "date": "2026-06-05", "close": 222.789993, "volume": 157600, "typical_volume": 1226635.0, "trend": 191.109721, "fair_value": 133.254028, "relative_strength": 18.666932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.028611, "energy": 74.270721, "activity_lines": [ 223.40354, 219.594357, 211.279865, 203.060729 ] }, { "date": "2026-06-12", "close": 209.490005, "volume": 253600, "typical_volume": 1196380.0, "trend": 192.805508, "fair_value": 133.939359, "relative_strength": 9.347684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.695339, "energy": 48.664255, "activity_lines": [ 219.111039, 218.526206, 211.787243, 204.246554 ] }, { "date": "2026-06-19", "close": 239.0, "volume": 289200, "typical_volume": 1149940.0, "trend": 195.50418, "fair_value": 134.83045, "relative_strength": 23.598873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.608567, "energy": 58.904107, "activity_lines": [ 225.140232, 222.563302, 214.958947, 207.226844 ] }, { "date": "2026-06-26", "close": 231.389999, "volume": 182100, "typical_volume": 1088595.0, "trend": 197.802393, "fair_value": 135.644919, "relative_strength": 18.764563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.668787, "energy": 52.792879, "activity_lines": [ 227.588707, 224.696058, 217.091482, 209.542058 ] }, { "date": "2026-07-03", "close": 223.979996, "volume": 156500, "typical_volume": 1013210.0, "trend": 199.84796, "fair_value": 136.412995, "relative_strength": 13.388346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.274778, "energy": 45.582458, "activity_lines": [ 226.948665, 225.099561, 218.293605, 211.230935 ] }, { "date": "2026-07-10", "close": 229.830002, "volume": 1247100, "typical_volume": 1011110.0, "trend": 202.009744, "fair_value": 137.220415, "relative_strength": 15.425486, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.233392, "energy": 51.756034, "activity_lines": [ 228.448666, 226.295147, 219.959481, 213.165261 ] }, { "date": "2026-07-17", "close": 235.759995, "volume": 1124800, "typical_volume": 970955.0, "trend": 204.495847, "fair_value": 138.060685, "relative_strength": 17.732881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.036323, "energy": 51.406377, "activity_lines": [ 231.455998, 228.332828, 222.052014, 215.342696 ] }, { "date": "2026-07-24", "close": 225.770004, "volume": 1568800, "typical_volume": 968485.0, "trend": 206.481742, "fair_value": 138.818112, "relative_strength": 11.81087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.74254, "energy": 39.645485, "activity_lines": [ 229.382, 228.20879, 223.075784, 216.715223 ] }, { "date": "2026-07-31", "close": 210.869995, "volume": 2854500, "typical_volume": 1062940.0, "trend": 207.93241, "fair_value": 139.475417, "relative_strength": 4.561129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.510488, "energy": 18.531469, "activity_lines": [ 223.223332, 225.331464, 222.555935, 216.998336 ] }, { "date": "2026-08-07", "close": 220.309998, "volume": 1304300, "typical_volume": 1012765.0, "trend": 209.578406, "fair_value": 140.175598, "relative_strength": 5.409071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.375655, "energy": 15.822524, "activity_lines": [ 221.579332, 224.374908, 222.87218, 217.79689 ] } ], "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." } } }