{ "ticker": { "uuid": "57c06aeb-4918-4446-bacb-b4dc890d6fc6", "symbol": "SSD", "name": "Simpson Manufacturing Company Inc", "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": 95.036, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 38.62, "architecture_energy": 17.94, "architecture_maturity": 34.638, "architecture_confidence": 81.715, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 43.67, "rotation_up": 27.27, "upward_expansion": 53.61, "deceleration": 89.05, "rotation_down": 27.83, "downward_expansion": 19.61 }, "activity_lines": [ 192.75, 194.429218, 191.666117, 189.083446 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 198.29, "trend_reference": 187.297395, "distance_from_trend": 0.058691, "trend_direction": "Improving", "fair_value": 173.695486, "distance_from_fair_value": 0.141596, "fair_value_direction": "Improving", "relative_strength": -2.865432, "relative_strength_direction": "Improving", "price_momentum": 0.02242, "excess_performance": -0.103205, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.058691, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.050402, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.141596, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.027242, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.028654, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.01056, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.02242, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.42555, "read": "Demand-led" } ], "volume": { "latest": 1118585, "relative_activity": 0.749978, "balance": 1.42555, "dry_up": 0.977927, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.064479, "annualized_volatility": 0.298423, "from_high_reference": -0.06981, "from_low_reference": 0.272937 }, "levels": { "trend_reference": 187.297395, "fair_value_reference": 173.695486, "structural_low": 163.33, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.046851, "positive_rate": 0.611111, "directional_follow_through": 0.611111, "median_excess_return": 0.029154, "regime_survival": 0.5, "best_return": 0.269942, "worst_return": -0.139865, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.011353, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": 0.018781, "regime_survival": 0.333333, "best_return": 0.323974, "worst_return": -0.069428, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.116369, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.053741, "regime_survival": 0.166667, "best_return": 0.413962, "worst_return": -0.070563, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.051347, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.043512, "regime_survival": 0.0, "best_return": 0.950292, "worst_return": -0.184009, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": -0.051084, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2024-12-27", "tenure": "Developing", "return": -0.097364, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.052199, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-06-27", "tenure": "Established", "return": -0.067343, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": 0.111445, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-09-26", "tenure": "Developing", "return": -0.084688, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": -0.049527, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": 0.012487, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.129457, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-20", "tenure": "Developing", "return": 0.097503, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.130134, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-06-12", "tenure": "Developing", "return": 0.159242, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-07-24", "tenure": "Developing", "return": -0.02983, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.056195, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 149.997896, "volume": 597331, "typical_volume": 799571.05, "trend": 121.797883, "fair_value": 104.454102, "relative_strength": 31.029378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.704098, "energy": 78.619917, "activity_lines": [ 151.977055, 147.264897, 138.168642, 130.7666 ] }, { "date": "2023-08-25", "close": 151.234871, "volume": 616428, "typical_volume": 801391.25, "trend": 123.477029, "fair_value": 104.808259, "relative_strength": 30.026083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.257231, "energy": 64.18909, "activity_lines": [ 151.847468, 148.868559, 140.175871, 132.665761 ] }, { "date": "2023-09-01", "close": 160.198028, "volume": 607814, "typical_volume": 796112.3, "trend": 125.191719, "fair_value": 105.249408, "relative_strength": 33.071166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.650304, "energy": 69.113363, "activity_lines": [ 154.401264, 151.669971, 142.801374, 135.034858 ] }, { "date": "2023-09-08", "close": 151.470485, "volume": 484963, "typical_volume": 768723.2, "trend": 126.665661, "fair_value": 105.613025, "relative_strength": 26.327384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.292266, "energy": 58.753169, "activity_lines": [ 153.711438, 152.327442, 144.342275, 136.730262 ] }, { "date": "2023-09-15", "close": 149.222333, "volume": 1261834, "typical_volume": 769275.5, "trend": 128.020033, "fair_value": 105.9744, "relative_strength": 23.492987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.201764, "energy": 51.565557, "activity_lines": [ 152.337022, 152.289423, 145.476068, 138.185531 ] }, { "date": "2023-09-22", "close": 144.14681, "volume": 758746, "typical_volume": 766878.85, "trend": 129.344328, "fair_value": 106.32715, "relative_strength": 21.823549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.907775, "energy": 38.45755, "activity_lines": [ 149.577718, 150.994259, 146.002739, 139.225968 ] }, { "date": "2023-09-29", "close": 147.072353, "volume": 744975, "typical_volume": 779166.0, "trend": 130.593153, "fair_value": 106.714463, "relative_strength": 24.045278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.050486, "energy": 25.774748, "activity_lines": [ 148.183667, 150.20031, 146.706971, 140.369712 ] }, { "date": "2023-10-06", "close": 138.471712, "volume": 1268553, "typical_volume": 816133.1, "trend": 131.829269, "fair_value": 107.018387, "relative_strength": 15.354877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.815057, "energy": 21.588201, "activity_lines": [ 144.200237, 147.83529, 146.466648, 140.878006 ] }, { "date": "2023-10-13", "close": 132.875405, "volume": 1398172, "typical_volume": 845525.6, "trend": 132.899039, "fair_value": 107.277058, "relative_strength": 9.484634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.028865, "energy": 23.844714, "activity_lines": [ 139.799792, 144.756573, 145.618793, 140.945499 ] }, { "date": "2023-10-20", "close": 129.728097, "volume": 986742, "typical_volume": 864925.3, "trend": 133.825132, "fair_value": 107.514329, "relative_strength": 8.754805, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.135967, "energy": 32.342987, "activity_lines": [ 135.589917, 141.461381, 144.404581, 140.740922 ] }, { "date": "2023-10-27", "close": 126.502106, "volume": 1485794, "typical_volume": 906897.3, "trend": 134.470052, "fair_value": 107.781428, "relative_strength": 8.099706, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.815513, "energy": 55.679763, "activity_lines": [ 131.604327, 138.017801, 142.85605, 140.268468 ] }, { "date": "2023-11-03", "close": 141.087911, "volume": 1556786, "typical_volume": 935618.05, "trend": 135.77934, "fair_value": 108.114014, "relative_strength": 13.118234, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.484918, "energy": 42.545051, "activity_lines": [ 133.656986, 137.653381, 142.697424, 140.695427 ] }, { "date": "2023-11-10", "close": 142.976296, "volume": 866526, "typical_volume": 939421.8, "trend": 136.979132, "fair_value": 108.465385, "relative_strength": 12.398858, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.197398, "energy": 21.68229, "activity_lines": [ 136.738069, 137.816794, 142.653843, 141.159747 ] }, { "date": "2023-11-17", "close": 154.355781, "volume": 1057209, "typical_volume": 961343.6, "trend": 138.426296, "fair_value": 108.880141, "relative_strength": 17.721207, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 48.069438, "energy": 25.687759, "activity_lines": [ 143.312009, 140.362327, 143.630121, 142.280821 ] }, { "date": "2023-11-24", "close": 160.650397, "volume": 793366, "typical_volume": 976498.35, "trend": 139.673404, "fair_value": 109.335981, "relative_strength": 20.322722, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 63.058137, "energy": 46.948155, "activity_lines": [ 150.552128, 143.999875, 145.117048, 143.714634 ] }, { "date": "2023-12-01", "close": 169.649731, "volume": 1418215, "typical_volume": 1004737.2, "trend": 141.230942, "fair_value": 109.867163, "relative_strength": 24.86863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.779765, "energy": 74.984398, "activity_lines": [ 158.730539, 149.065883, 147.319075, 145.648591 ] }, { "date": "2023-12-08", "close": 179.180172, "volume": 1248810, "typical_volume": 1011095.0, "trend": 143.179317, "fair_value": 110.462748, "relative_strength": 30.235535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.672404, "energy": 92.297113, "activity_lines": [ 167.209256, 155.401009, 150.299279, 148.096928 ] }, { "date": "2023-12-15", "close": 189.153204, "volume": 1506896, "typical_volume": 1014051.15, "trend": 145.390563, "fair_value": 111.102586, "relative_strength": 32.838695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.76847, "energy": 96.453283, "activity_lines": [ 176.472832, 162.965635, 154.074485, 151.062985 ] }, { "date": "2023-12-22", "close": 194.346262, "volume": 1172592, "typical_volume": 1024230.35, "trend": 147.905875, "fair_value": 111.779023, "relative_strength": 33.715808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.670345, "energy": 95.5966, "activity_lines": [ 184.388967, 170.552972, 158.182498, 154.221417 ] }, { "date": "2023-12-29", "close": 194.720005, "volume": 518013, "typical_volume": 1017488.25, "trend": 150.261856, "fair_value": 112.454423, "relative_strength": 32.01367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.472768, "energy": 92.750755, "activity_lines": [ 189.763651, 177.09061, 162.126563, 157.241684 ] }, { "date": "2024-01-05", "close": 180.995458, "volume": 881459, "typical_volume": 1031694.65, "trend": 152.072826, "fair_value": 113.001061, "relative_strength": 23.569017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.057296, "energy": 86.082689, "activity_lines": [ 188.292178, 179.951205, 164.568798, 159.224497 ] }, { "date": "2024-01-12", "close": 179.449077, "volume": 1005052, "typical_volume": 1051125.85, "trend": 153.805141, "fair_value": 113.540121, "relative_strength": 19.319381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.758987, "energy": 65.240387, "activity_lines": [ 185.548864, 181.539851, 166.71615, 160.990707 ] }, { "date": "2024-01-19", "close": 179.586971, "volume": 592873, "typical_volume": 1050378.8, "trend": 155.472816, "fair_value": 114.058685, "relative_strength": 17.109453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.87772, "energy": 55.952272, "activity_lines": [ 182.833587, 182.456094, 168.742283, 162.65405 ] }, { "date": "2024-01-26", "close": 179.60667, "volume": 811777, "typical_volume": 1066719.5, "trend": 156.936372, "fair_value": 114.644773, "relative_strength": 15.117296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.08294, "energy": 41.092668, "activity_lines": [ 180.762626, 182.710269, 170.677963, 164.211073 ] }, { "date": "2024-02-02", "close": 184.373856, "volume": 1042852, "typical_volume": 1055770.4, "trend": 158.721013, "fair_value": 115.211224, "relative_strength": 15.782219, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.484141, "energy": 41.903443, "activity_lines": [ 181.263366, 183.372098, 172.933679, 165.981234 ] }, { "date": "2024-02-09", "close": 189.505475, "volume": 1709108, "typical_volume": 1103288.5, "trend": 160.289255, "fair_value": 115.839078, "relative_strength": 16.603973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.834635, "energy": 45.907867, "activity_lines": [ 184.164389, 184.535614, 175.510733, 167.967328 ] }, { "date": "2024-02-16", "close": 190.874564, "volume": 1221130, "typical_volume": 1127096.25, "trend": 161.762745, "fair_value": 116.461639, "relative_strength": 17.070271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.947909, "energy": 53.759529, "activity_lines": [ 186.95444, 185.587041, 178.002182, 169.940574 ] }, { "date": "2024-02-23", "close": 196.95174, "volume": 757642, "typical_volume": 1101550.7, "trend": 163.15509, "fair_value": 117.125367, "relative_strength": 17.977308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.320245, "energy": 62.181318, "activity_lines": [ 191.008518, 187.530784, 180.863828, 172.210831 ] }, { "date": "2024-03-01", "close": 206.151226, "volume": 1205996, "typical_volume": 1091941.9, "trend": 164.945384, "fair_value": 117.830127, "relative_strength": 21.384697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.638187, "energy": 81.729764, "activity_lines": [ 196.971439, 191.005369, 184.323139, 174.984776 ] }, { "date": "2024-03-08", "close": 208.396925, "volume": 1026621, "typical_volume": 1093935.85, "trend": 166.764394, "fair_value": 118.511804, "relative_strength": 21.98269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.329002, "energy": 89.954839, "activity_lines": [ 201.91329, 194.673627, 187.647394, 177.788101 ] }, { "date": "2024-03-15", "close": 194.272661, "volume": 1539137, "typical_volume": 1096603.0, "trend": 168.240219, "fair_value": 119.113202, "relative_strength": 13.009472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.222135, "energy": 77.248199, "activity_lines": [ 200.545515, 195.525166, 189.251867, 179.562828 ] }, { "date": "2024-03-22", "close": 198.823156, "volume": 1019773, "typical_volume": 1069752.35, "trend": 169.826496, "fair_value": 119.748009, "relative_strength": 12.361584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.816166, "energy": 58.562994, "activity_lines": [ 200.376759, 196.962664, 190.967004, 181.53592 ] }, { "date": "2024-03-29", "close": 202.093209, "volume": 626703, "typical_volume": 1057761.2, "trend": 171.223002, "fair_value": 120.394785, "relative_strength": 13.030016, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.839371, "energy": 53.766926, "activity_lines": [ 200.768115, 198.642461, 192.718645, 183.617644 ] }, { "date": "2024-04-05", "close": 192.14224, "volume": 962621, "typical_volume": 1053031.8, "trend": 172.578727, "fair_value": 120.972417, "relative_strength": 7.710078, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.886033, "energy": 35.074108, "activity_lines": [ 197.499717, 198.103787, 193.241065, 184.967272 ] }, { "date": "2024-04-12", "close": 182.33836, "volume": 1250725, "typical_volume": 1075899.75, "trend": 173.682594, "fair_value": 121.477166, "relative_strength": 3.19011, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.482567, "energy": 18.33676, "activity_lines": [ 191.897291, 195.55467, 192.649847, 185.596926 ] }, { "date": "2024-04-19", "close": 181.85507, "volume": 1543853, "typical_volume": 1082181.65, "trend": 174.939536, "fair_value": 121.981772, "relative_strength": 5.624507, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.699178, "energy": 17.807777, "activity_lines": [ 187.871006, 192.954691, 191.909325, 186.124182 ] }, { "date": "2024-04-26", "close": 171.232556, "volume": 3650687, "typical_volume": 1202275.5, "trend": 175.744876, "fair_value": 122.385466, "relative_strength": -3.30268, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.208681, "energy": 26.29583, "activity_lines": [ 181.131722, 188.562444, 190.099015, 185.885022 ] }, { "date": "2024-05-03", "close": 178.570672, "volume": 1865185, "typical_volume": 1220189.95, "trend": 177.081508, "fair_value": 122.800733, "relative_strength": -0.015804, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.958503, "energy": 24.025352, "activity_lines": [ 178.67785, 185.861527, 189.025418, 186.067332 ] }, { "date": "2024-05-10", "close": 173.589827, "volume": 1570731, "typical_volume": 1240096.9, "trend": 178.438656, "fair_value": 123.208146, "relative_strength": -4.773917, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.842256, "energy": 36.95519, "activity_lines": [ 176.131866, 182.589203, 187.527849, 185.842062 ] }, { "date": "2024-05-17", "close": 166.044588, "volume": 1247552, "typical_volume": 1276573.85, "trend": 179.649206, "fair_value": 123.581232, "relative_strength": -10.472789, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.068832, "energy": 56.23391, "activity_lines": [ 172.30763, 178.537043, 185.410525, 185.042445 ] }, { "date": "2024-05-24", "close": 170.640773, "volume": 1139625, "typical_volume": 1289482.15, "trend": 181.120494, "fair_value": 123.983472, "relative_strength": -8.17, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.932349, "energy": 52.454948, "activity_lines": [ 171.101707, 176.090596, 183.867483, 184.461256 ] }, { "date": "2024-05-31", "close": 163.647864, "volume": 1111826, "typical_volume": 1294820.85, "trend": 181.872493, "fair_value": 124.353017, "relative_strength": -11.666042, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.574828, "energy": 59.932133, "activity_lines": [ 168.312433, 172.802381, 181.707757, 183.333989 ] }, { "date": "2024-06-07", "close": 158.79524, "volume": 1254087, "typical_volume": 1327881.55, "trend": 182.399791, "fair_value": 124.686898, "relative_strength": -15.343914, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.484409, "energy": 74.733747, "activity_lines": [ 164.411265, 169.271422, 179.161121, 181.845134 ] }, { "date": "2024-06-14", "close": 160.274698, "volume": 1566110, "typical_volume": 1365598.2, "trend": 182.597088, "fair_value": 125.053169, "relative_strength": -15.945298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.813333, "energy": 72.399644, "activity_lines": [ 162.321612, 166.796691, 176.854394, 180.417709 ] }, { "date": "2024-06-21", "close": 169.279671, "volume": 1795081, "typical_volume": 1403209.65, "trend": 182.884731, "fair_value": 125.460416, "relative_strength": -11.826381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.925403, "energy": 60.286594, "activity_lines": [ 164.121291, 166.538637, 175.49734, 179.55852 ] }, { "date": "2024-06-28", "close": 166.222123, "volume": 6860765, "typical_volume": 1660792.5, "trend": 182.770477, "fair_value": 125.843319, "relative_strength": -13.349212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.581539, "energy": 44.931122, "activity_lines": [ 164.686116, 165.962097, 173.920969, 178.483514 ] }, { "date": "2024-07-05", "close": 160.498522, "volume": 1040504, "typical_volume": 1651761.2, "trend": 182.147755, "fair_value": 126.190212, "relative_strength": -17.845781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.228739, "energy": 44.74616, "activity_lines": [ 163.63765, 164.629137, 171.910365, 177.046613 ] }, { "date": "2024-07-12", "close": 179.309799, "volume": 1269126, "typical_volume": 1677335.4, "trend": 181.819642, "fair_value": 126.660898, "relative_strength": -9.087097, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.714659, "energy": 20.662894, "activity_lines": [ 169.069566, 166.911573, 171.83596, 176.863519 ] }, { "date": "2024-07-19", "close": 179.151721, "volume": 1206897, "typical_volume": 1677380.45, "trend": 181.313157, "fair_value": 127.120574, "relative_strength": -7.334124, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.025454, "energy": 17.871409, "activity_lines": [ 173.081152, 169.15183, 171.830509, 176.691395 ] }, { "date": "2024-07-26", "close": 190.138139, "volume": 2177774, "typical_volume": 1734938.1, "trend": 181.160428, "fair_value": 127.645245, "relative_strength": -0.855677, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 10.906401, "energy": 20.467698, "activity_lines": [ 179.49641, 173.288491, 172.999952, 177.260749 ] }, { "date": "2024-08-02", "close": 176.86947, "volume": 1377356, "typical_volume": 1726849.05, "trend": 181.022895, "fair_value": 128.083008, "relative_strength": -5.704774, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.048927, "energy": 21.262068, "activity_lines": [ 180.098213, 174.574603, 172.992659, 176.983913 ] }, { "date": "2024-08-09", "close": 172.710044, "volume": 1130120, "typical_volume": 1732366.4, "trend": 180.798261, "fair_value": 128.49559, "relative_strength": -7.806951, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.334146, "energy": 16.818483, "activity_lines": [ 178.603717, 174.991207, 172.672103, 176.4476 ] }, { "date": "2024-08-16", "close": 174.972535, "volume": 968931, "typical_volume": 1749477.8, "trend": 180.644446, "fair_value": 128.924156, "relative_strength": -10.030108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.081504, "energy": 12.342837, "activity_lines": [ 177.049284, 175.654405, 172.69137, 176.071747 ] }, { "date": "2024-08-23", "close": 183.913819, "volume": 704663, "typical_volume": 1736579.9, "trend": 180.788018, "fair_value": 129.39356, "relative_strength": -6.6386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.820568, "energy": 5.775019, "activity_lines": [ 178.76443, 177.649159, 173.691334, 176.282674 ] }, { "date": "2024-08-30", "close": 180.860939, "volume": 626775, "typical_volume": 1705382.4, "trend": 180.670921, "fair_value": 129.855182, "relative_strength": -8.24347, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.868416, "energy": 7.230393, "activity_lines": [ 179.144476, 178.659042, 174.439731, 176.287379 ] }, { "date": "2024-09-06", "close": 168.847014, "volume": 602306, "typical_volume": 1658305.05, "trend": 179.982306, "fair_value": 130.269847, "relative_strength": -10.482682, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.282673, "energy": 13.625399, "activity_lines": [ 176.13836, 177.274006, 174.050979, 175.524546 ] }, { "date": "2024-09-13", "close": 179.141841, "volume": 734739, "typical_volume": 1512507.65, "trend": 179.591215, "fair_value": 130.759576, "relative_strength": -8.575933, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.669049, "energy": 10.180801, "activity_lines": [ 177.098683, 177.713032, 174.704631, 175.470322 ] }, { "date": "2024-09-20", "close": 186.986459, "volume": 1485001, "typical_volume": 1493498.45, "trend": 179.259039, "fair_value": 131.286631, "relative_strength": -5.855648, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.365531, "energy": 16.186211, "activity_lines": [ 180.245093, 179.239382, 176.067726, 175.947435 ] }, { "date": "2024-09-27", "close": 188.883395, "volume": 1246295, "typical_volume": 1477276.65, "trend": 178.683444, "fair_value": 131.823562, "relative_strength": -5.341695, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.000878, "energy": 26.618047, "activity_lines": [ 183.222887, 180.971054, 177.571406, 176.568361 ] }, { "date": "2024-10-04", "close": 189.754317, "volume": 969524, "typical_volume": 1463375.25, "trend": 178.062024, "fair_value": 132.339303, "relative_strength": -5.178964, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.819771, "energy": 43.539698, "activity_lines": [ 186.159683, 182.684136, 179.085204, 177.282611 ] }, { "date": "2024-10-11", "close": 189.289282, "volume": 806670, "typical_volume": 1446727.5, "trend": 177.895911, "fair_value": 132.837835, "relative_strength": -6.562991, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.646612, "energy": 59.033509, "activity_lines": [ 188.348575, 184.319645, 180.44181, 178.00695 ] }, { "date": "2024-10-18", "close": 188.072274, "volume": 1174833, "typical_volume": 1449877.85, "trend": 177.537549, "fair_value": 133.333514, "relative_strength": -8.007613, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.535442, "energy": 56.004445, "activity_lines": [ 188.76898, 185.508065, 181.593708, 178.66349 ] }, { "date": "2024-10-25", "close": 179.51364, "volume": 1525485, "typical_volume": 1463447.75, "trend": 176.784896, "fair_value": 133.828021, "relative_strength": -11.34165, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.282833, "energy": 36.081436, "activity_lines": [ 185.741145, 184.861057, 181.814191, 178.790979 ] }, { "date": "2024-11-01", "close": 176.901525, "volume": 1663033, "typical_volume": 1468293.9, "trend": 176.276873, "fair_value": 134.222588, "relative_strength": -11.314168, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.328554, "energy": 15.538724, "activity_lines": [ 182.340793, 183.656552, 181.687243, 178.798504 ] }, { "date": "2024-11-08", "close": 187.251041, "volume": 1597944, "typical_volume": 1458437.05, "trend": 176.440629, "fair_value": 134.682076, "relative_strength": -10.307975, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.086631, "energy": 19.209071, "activity_lines": [ 183.18907, 184.461275, 182.466787, 179.506515 ] }, { "date": "2024-11-15", "close": 178.464836, "volume": 713717, "typical_volume": 1151084.65, "trend": 176.327621, "fair_value": 135.088706, "relative_strength": -12.496709, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.226148, "energy": 16.90497, "activity_lines": [ 181.275498, 183.552321, 182.323972, 179.637109 ] }, { "date": "2024-11-22", "close": 182.818361, "volume": 684932, "typical_volume": 1133306.05, "trend": 176.713814, "fair_value": 135.535861, "relative_strength": -11.583965, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.22109, "energy": 14.473718, "activity_lines": [ 181.534731, 183.260049, 182.53748, 180.055866 ] }, { "date": "2024-11-29", "close": 186.410019, "volume": 764913, "typical_volume": 1108095.4, "trend": 176.975126, "fair_value": 135.968432, "relative_strength": -10.577495, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.189774, "energy": 18.126708, "activity_lines": [ 183.341444, 183.553959, 182.986765, 180.681428 ] }, { "date": "2024-12-06", "close": 183.085509, "volume": 821153, "typical_volume": 1088808.2, "trend": 177.291649, "fair_value": 136.335589, "relative_strength": -12.477908, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.722723, "energy": 16.604653, "activity_lines": [ 183.580228, 183.253893, 183.08562, 181.075646 ] }, { "date": "2024-12-13", "close": 182.422586, "volume": 1268715, "typical_volume": 1043355.25, "trend": 177.837582, "fair_value": 136.682291, "relative_strength": -11.757894, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.082819, "energy": 15.191526, "activity_lines": [ 183.185772, 182.938713, 183.102607, 181.406674 ] }, { "date": "2024-12-20", "close": 166.443171, "volume": 2295444, "typical_volume": 1089259.65, "trend": 177.697662, "fair_value": 136.920313, "relative_strength": -17.361079, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -10.923092, "energy": 15.357234, "activity_lines": [ 177.786742, 179.851488, 181.634485, 180.671551 ] }, { "date": "2024-12-27", "close": 165.018381, "volume": 469213, "typical_volume": 1056214.3, "trend": 177.743346, "fair_value": 137.117903, "relative_strength": -17.962929, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.233657, "energy": 46.544309, "activity_lines": [ 172.714226, 176.920594, 180.080319, 179.853533 ] }, { "date": "2025-01-03", "close": 165.190393, "volume": 653538, "typical_volume": 1040444.65, "trend": 177.956517, "fair_value": 137.362153, "relative_strength": -16.920251, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.913415, "energy": 58.873807, "activity_lines": [ 168.885712, 174.440137, 178.579161, 179.043665 ] }, { "date": "2025-01-10", "close": 156.567627, "volume": 1002248, "typical_volume": 1055323.9, "trend": 177.832948, "fair_value": 137.567056, "relative_strength": -19.186202, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.653779, "energy": 79.429149, "activity_lines": [ 163.597585, 170.652327, 176.30337, 177.663736 ] }, { "date": "2025-01-17", "close": 167.291573, "volume": 1141312, "typical_volume": 1081050.75, "trend": 177.766679, "fair_value": 137.934277, "relative_strength": -15.648579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.679392, "energy": 69.931853, "activity_lines": [ 163.651966, 169.184033, 175.179126, 176.983648 ] }, { "date": "2025-01-24", "close": 164.526341, "volume": 1086348, "typical_volume": 1105252.85, "trend": 177.710152, "fair_value": 138.29691, "relative_strength": -17.972914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.025731, "energy": 64.386156, "activity_lines": [ 163.793336, 167.575868, 173.856143, 176.129432 ] }, { "date": "2025-01-31", "close": 166.508586, "volume": 1183491, "typical_volume": 1127690.45, "trend": 177.910488, "fair_value": 138.688982, "relative_strength": -15.639308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.008743, "energy": 46.872462, "activity_lines": [ 164.723244, 166.581539, 172.74252, 175.406751 ] }, { "date": "2025-02-07", "close": 163.95149, "volume": 1300746, "typical_volume": 1118477.7, "trend": 177.398544, "fair_value": 139.020477, "relative_strength": -16.249245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.223127, "energy": 38.041306, "activity_lines": [ 164.701439, 165.418825, 171.445522, 174.50617 ] }, { "date": "2025-02-14", "close": 172.732836, "volume": 1846478, "typical_volume": 1148486.85, "trend": 177.184581, "fair_value": 139.403057, "relative_strength": -12.520411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.475615, "energy": 25.460679, "activity_lines": [ 167.689344, 166.261056, 171.094534, 174.205157 ] }, { "date": "2025-02-21", "close": 167.400597, "volume": 1080225, "typical_volume": 1154021.9, "trend": 176.426663, "fair_value": 139.740612, "relative_strength": -13.255732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.313783, "energy": 21.919556, "activity_lines": [ 167.822154, 166.322019, 170.31262, 173.573932 ] }, { "date": "2025-02-28", "close": 162.940545, "volume": 985677, "typical_volume": 1162972.25, "trend": 175.962366, "fair_value": 140.057447, "relative_strength": -14.065601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.278264, "energy": 26.22984, "activity_lines": [ 166.461012, 165.845191, 169.212386, 172.70386 ] }, { "date": "2025-03-07", "close": 163.475751, "volume": 1200130, "typical_volume": 1164237.1, "trend": 175.654556, "fair_value": 140.389301, "relative_strength": -10.354945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.507893, "energy": 27.910404, "activity_lines": [ 165.383993, 165.529357, 168.288594, 171.898272 ] }, { "date": "2025-03-14", "close": 156.726207, "volume": 954355, "typical_volume": 1135680.6, "trend": 175.046345, "fair_value": 140.652976, "relative_strength": -11.482956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.620508, "energy": 40.791718, "activity_lines": [ 162.259314, 164.014381, 166.839114, 170.677088 ] }, { "date": "2025-03-21", "close": 154.069998, "volume": 1786725, "typical_volume": 1141865.2, "trend": 174.051551, "fair_value": 140.944863, "relative_strength": -12.822922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.655042, "energy": 62.085979, "activity_lines": [ 158.730917, 162.170353, 165.245174, 169.323775 ] }, { "date": "2025-03-28", "close": 155.963043, "volume": 1302006, "typical_volume": 1127068.3, "trend": 173.221621, "fair_value": 141.257995, "relative_strength": -9.818426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.152446, "energy": 62.104393, "activity_lines": [ 157.077725, 160.715926, 163.940246, 168.156775 ] }, { "date": "2025-04-04", "close": 146.710949, "volume": 1577633, "typical_volume": 1170264.1, "trend": 172.483752, "fair_value": 141.561119, "relative_strength": -6.217499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.057286, "energy": 71.358459, "activity_lines": [ 153.103005, 157.785273, 161.903156, 166.446409 ] }, { "date": "2025-04-11", "close": 148.786391, "volume": 1788582, "typical_volume": 1225446.6, "trend": 171.471904, "fair_value": 141.861024, "relative_strength": -9.530619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.138317, "energy": 67.748868, "activity_lines": [ 150.902072, 155.555889, 160.214936, 164.917547 ] }, { "date": "2025-04-18", "close": 146.373317, "volume": 1005443, "typical_volume": 1237473.1, "trend": 170.118133, "fair_value": 142.148504, "relative_strength": -9.192573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.692585, "energy": 64.000805, "activity_lines": [ 148.876072, 153.209987, 158.458957, 163.298283 ] }, { "date": "2025-04-25", "close": 152.47055, "volume": 897291, "typical_volume": 1241280.0, "trend": 168.904371, "fair_value": 142.481901, "relative_strength": -9.205706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.381676, "energy": 48.965135, "activity_lines": [ 149.572675, 152.292275, 157.474318, 162.159729 ] }, { "date": "2025-05-02", "close": 156.005754, "volume": 1191743, "typical_volume": 1237431.4, "trend": 167.779419, "fair_value": 142.827587, "relative_strength": -9.294226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.818249, "energy": 37.673798, "activity_lines": [ 151.55431, 152.385733, 156.97215, 161.32756 ] }, { "date": "2025-05-09", "close": 156.393037, "volume": 969403, "typical_volume": 1171129.35, "trend": 166.682878, "fair_value": 143.189918, "relative_strength": -8.328276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.169012, "energy": 25.706135, "activity_lines": [ 153.662192, 152.756785, 156.63266, 160.592955 ] }, { "date": "2025-05-16", "close": 162.778251, "volume": 1588776, "typical_volume": 1227107.5, "trend": 165.839743, "fair_value": 143.601566, "relative_strength": -9.127968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.75328, "energy": 17.438564, "activity_lines": [ 157.253005, 154.407831, 156.949144, 160.341044 ] }, { "date": "2025-05-23", "close": 153.32456, "volume": 1218428, "typical_volume": 1255352.0, "trend": 164.966774, "fair_value": 143.905404, "relative_strength": -11.828519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.616186, "energy": 19.318588, "activity_lines": [ 156.759798, 154.352706, 156.375944, 159.533613 ] }, { "date": "2025-05-30", "close": 154.615505, "volume": 1095847, "typical_volume": 1260031.95, "trend": 164.223907, "fair_value": 144.21292, "relative_strength": -12.345512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.186367, "energy": 16.203255, "activity_lines": [ 156.23349, 154.594146, 155.982195, 158.865789 ] }, { "date": "2025-06-06", "close": 155.697913, "volume": 1282576, "typical_volume": 1267095.15, "trend": 163.172136, "fair_value": 144.566323, "relative_strength": -12.937413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.192778, "energy": 13.996152, "activity_lines": [ 155.924987, 155.022469, 155.700828, 158.315725 ] }, { "date": "2025-06-13", "close": 154.605575, "volume": 1161657, "typical_volume": 1270860.6, "trend": 162.376827, "fair_value": 145.006273, "relative_strength": -13.013807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.189443, "energy": 18.187003, "activity_lines": [ 155.272894, 155.257006, 155.370637, 157.763043 ] }, { "date": "2025-06-20", "close": 152.698948, "volume": 1884777, "typical_volume": 1305924.9, "trend": 161.372847, "fair_value": 145.376418, "relative_strength": -13.626803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.990782, "energy": 20.539506, "activity_lines": [ 154.104423, 155.001344, 154.906105, 157.138664 ] }, { "date": "2025-06-27", "close": 156.025614, "volume": 1428130, "typical_volume": 1312294.1, "trend": 160.360033, "fair_value": 145.739562, "relative_strength": -14.398957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.944971, "energy": 16.795069, "activity_lines": [ 154.716795, 155.279394, 154.824157, 156.793681 ] }, { "date": "2025-07-04", "close": 162.281733, "volume": 1655086, "typical_volume": 1302724.5, "trend": 159.666574, "fair_value": 146.132901, "relative_strength": -12.261154, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.014304, "energy": 4.420908, "activity_lines": [ 157.234469, 156.519423, 155.375773, 156.917662 ] }, { "date": "2025-07-11", "close": 165.962493, "volume": 1583182, "typical_volume": 1327872.35, "trend": 159.117904, "fair_value": 146.549836, "relative_strength": -9.682744, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.971421, "energy": 27.221809, "activity_lines": [ 160.467981, 158.250297, 156.327705, 157.32385 ] }, { "date": "2025-07-18", "close": 158.402013, "volume": 1134317, "typical_volume": 1335304.35, "trend": 158.849866, "fair_value": 146.889409, "relative_strength": -13.902923, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.193282, "energy": 21.098194, "activity_lines": [ 160.497027, 158.425506, 156.566438, 157.277664 ] }, { "date": "2025-07-25", "close": 164.798577, "volume": 1007796, "typical_volume": 1325687.65, "trend": 158.842539, "fair_value": 147.302618, "relative_strength": -11.211878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.645773, "energy": 37.639635, "activity_lines": [ 162.405166, 159.7272, 157.435981, 157.661451 ] }, { "date": "2025-08-01", "close": 178.238326, "volume": 2837208, "typical_volume": 1419830.3, "trend": 159.27747, "fair_value": 147.818421, "relative_strength": -1.273903, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 52.495593, "energy": 60.826605, "activity_lines": [ 167.98658, 163.435751, 159.579201, 158.912793 ] }, { "date": "2025-08-08", "close": 180.367198, "volume": 1404083, "typical_volume": 1400698.2, "trend": 160.070789, "fair_value": 148.323583, "relative_strength": -2.227399, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 80.007593, "energy": 76.797647, "activity_lines": [ 172.79677, 167.078393, 161.822731, 160.27342 ] }, { "date": "2025-08-15", "close": 186.067402, "volume": 1290494, "typical_volume": 1400122.6, "trend": 160.69665, "fair_value": 148.86435, "relative_strength": 0.083374, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.248363, "energy": 84.421801, "activity_lines": [ 178.30133, 171.289222, 164.483913, 161.950621 ] }, { "date": "2025-08-22", "close": 196.055195, "volume": 1527847, "typical_volume": 1397633.3, "trend": 161.747612, "fair_value": 149.521828, "relative_strength": 5.342359, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.846642, "energy": 93.274057, "activity_lines": [ 185.794827, 176.763842, 167.95296, 164.231817 ] }, { "date": "2025-08-29", "close": 190.126187, "volume": 1004716, "typical_volume": 1358440.0, "trend": 162.534865, "fair_value": 150.178166, "relative_strength": 2.403332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.961926, "energy": 88.322863, "activity_lines": [ 188.801776, 180.406831, 170.622367, 166.062693 ] }, { "date": "2025-09-05", "close": 194.881331, "volume": 939432, "typical_volume": 1355139.45, "trend": 163.56586, "fair_value": 150.864115, "relative_strength": 4.716077, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.190027, "energy": 89.385671, "activity_lines": [ 191.705266, 184.233895, 173.547788, 168.149562 ] }, { "date": "2025-09-12", "close": 187.768511, "volume": 1039350, "typical_volume": 1362242.4, "trend": 164.067049, "fair_value": 151.558275, "relative_strength": -0.419638, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.812566, "energy": 79.995506, "activity_lines": [ 191.128282, 186.061253, 175.564807, 169.711023 ] }, { "date": "2025-09-19", "close": 180.924286, "volume": 1757153, "typical_volume": 1390512.9, "trend": 164.517839, "fair_value": 152.226311, "relative_strength": -4.83562, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.099176, "energy": 52.285613, "activity_lines": [ 187.776469, 186.18081, 176.76191, 170.798587 ] }, { "date": "2025-09-26", "close": 170.30977, "volume": 1246685, "typical_volume": 1404377.0, "trend": 164.763479, "fair_value": 152.829793, "relative_strength": -9.696326, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.137247, "energy": 30.245331, "activity_lines": [ 181.229358, 184.098422, 176.829447, 171.17226 ] }, { "date": "2025-10-03", "close": 170.62155, "volume": 1581740, "typical_volume": 1404025.2, "trend": 165.001673, "fair_value": 153.436344, "relative_strength": -10.043051, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.862417, "energy": 26.535638, "activity_lines": [ 176.502536, 181.856217, 176.860407, 171.5502 ] }, { "date": "2025-10-10", "close": 165.648991, "volume": 1298494, "typical_volume": 1408028.5, "trend": 165.299099, "fair_value": 154.014581, "relative_strength": -10.030121, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.704364, "energy": 23.916155, "activity_lines": [ 171.418503, 178.604038, 176.380441, 171.591963 ] }, { "date": "2025-10-17", "close": 173.70075, "volume": 1201209, "typical_volume": 1413296.6, "trend": 165.953457, "fair_value": 154.639809, "relative_strength": -6.863826, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.738419, "energy": 26.335153, "activity_lines": [ 170.967213, 177.044712, 176.608621, 172.134005 ] }, { "date": "2025-10-24", "close": 174.70722, "volume": 1152696, "typical_volume": 1406802.6, "trend": 166.578263, "fair_value": 155.225882, "relative_strength": -7.750247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.68976, "energy": 18.35643, "activity_lines": [ 171.789263, 175.789589, 176.841774, 172.698763 ] }, { "date": "2025-10-31", "close": 175.883095, "volume": 1922259, "typical_volume": 1444832.7, "trend": 167.550668, "fair_value": 155.827115, "relative_strength": -7.429903, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.006168, "energy": 13.082778, "activity_lines": [ 173.417742, 174.95481, 177.096394, 173.299075 ] }, { "date": "2025-11-07", "close": 170.163158, "volume": 1459403, "typical_volume": 1423564.0, "trend": 168.263227, "fair_value": 156.33333, "relative_strength": -8.561108, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.357345, "energy": 6.017443, "activity_lines": [ 172.768021, 173.446808, 176.704937, 173.467623 ] }, { "date": "2025-11-14", "close": 163.596191, "volume": 1188243, "typical_volume": 1411569.65, "trend": 168.837323, "fair_value": 156.80782, "relative_strength": -11.818753, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -11.187475, "energy": 15.94126, "activity_lines": [ 169.959871, 171.107776, 175.604891, 173.166524 ] }, { "date": "2025-11-21", "close": 162.171189, "volume": 1845764, "typical_volume": 1421103.55, "trend": 169.160677, "fair_value": 157.266115, "relative_strength": -10.472764, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.938878, "energy": 42.207544, "activity_lines": [ 166.813573, 169.078474, 174.333081, 172.736451 ] }, { "date": "2025-11-28", "close": 166.794972, "volume": 901999, "typical_volume": 1387044.4, "trend": 169.520318, "fair_value": 157.744804, "relative_strength": -10.771409, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.345994, "energy": 43.165694, "activity_lines": [ 165.977173, 168.355265, 173.502157, 172.583825 ] }, { "date": "2025-12-05", "close": 168.877667, "volume": 1935905, "typical_volume": 1427123.8, "trend": 169.936472, "fair_value": 158.251901, "relative_strength": -9.587926, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.551007, "energy": 39.041745, "activity_lines": [ 166.362489, 168.267625, 172.865621, 172.542363 ] }, { "date": "2025-12-12", "close": 168.877667, "volume": 1489381, "typical_volume": 1451203.05, "trend": 170.139786, "fair_value": 158.764619, "relative_strength": -8.693748, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.161108, "energy": 22.186476, "activity_lines": [ 167.214833, 168.206023, 172.179201, 172.474053 ] }, { "date": "2025-12-19", "close": 166.276789, "volume": 1484336, "typical_volume": 1383559.45, "trend": 170.571527, "fair_value": 159.273536, "relative_strength": -9.950361, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.77718, "energy": 18.179855, "activity_lines": [ 167.285916, 167.703241, 171.225654, 172.224828 ] }, { "date": "2025-12-26", "close": 166.595671, "volume": 585055, "typical_volume": 1342608.05, "trend": 170.970866, "fair_value": 159.787557, "relative_strength": -10.79989, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.559469, "energy": 14.147371, "activity_lines": [ 167.284588, 167.247023, 170.359436, 171.968321 ] }, { "date": "2026-01-02", "close": 164.433255, "volume": 841289, "typical_volume": 1320147.8, "trend": 171.262044, "fair_value": 160.238742, "relative_strength": -10.773486, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.737838, "energy": 22.414366, "activity_lines": [ 166.267488, 166.526821, 169.352853, 171.546539 ] }, { "date": "2026-01-09", "close": 178.728327, "volume": 1287717, "typical_volume": 1308141.3, "trend": 172.066136, "fair_value": 160.760761, "relative_strength": -4.434925, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -15.656677, "energy": 9.560402, "activity_lines": [ 170.172861, 168.592523, 169.810725, 172.028235 ] }, { "date": "2026-01-16", "close": 187.802503, "volume": 1463842, "typical_volume": 1331097.6, "trend": 173.236254, "fair_value": 161.341764, "relative_strength": 0.851104, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 32.10339, "energy": 28.701202, "activity_lines": [ 176.446248, 172.256344, 171.215313, 173.043484 ] }, { "date": "2026-01-23", "close": 181.932739, "volume": 997148, "typical_volume": 1333983.4, "trend": 174.099825, "fair_value": 161.861457, "relative_strength": -1.887728, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.631595, "energy": 39.759397, "activity_lines": [ 179.501391, 174.53222, 172.071941, 173.604548 ] }, { "date": "2026-01-30", "close": 176.472261, "volume": 1083124, "typical_volume": 1336172.1, "trend": 174.572843, "fair_value": 162.295528, "relative_strength": -5.040365, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.463667, "energy": 38.957713, "activity_lines": [ 179.692645, 175.481889, 172.470183, 173.757608 ] }, { "date": "2026-02-06", "close": 193.941797, "volume": 1514728, "typical_volume": 1324050.85, "trend": 175.505486, "fair_value": 162.85123, "relative_strength": 4.528616, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.31148, "energy": 62.615682, "activity_lines": [ 185.048639, 179.347819, 174.585983, 175.007218 ] }, { "date": "2026-02-13", "close": 208.646155, "volume": 1756421, "typical_volume": 1349537.65, "trend": 177.180291, "fair_value": 163.492608, "relative_strength": 13.758769, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.300468, "energy": 76.273593, "activity_lines": [ 193.338848, 185.393689, 178.040209, 177.145326 ] }, { "date": "2026-02-20", "close": 199.671805, "volume": 840993, "typical_volume": 1312500.3, "trend": 178.342732, "fair_value": 164.10321, "relative_strength": 7.596697, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.946401, "energy": 81.579969, "activity_lines": [ 196.643086, 189.084796, 180.457181, 178.596391 ] }, { "date": "2026-02-27", "close": 193.233033, "volume": 952118, "typical_volume": 1295181.5, "trend": 178.842556, "fair_value": 164.63927, "relative_strength": 4.617472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.76293, "energy": 77.761675, "activity_lines": [ 197.00978, 191.045324, 182.122602, 179.557056 ] }, { "date": "2026-03-06", "close": 185.696176, "volume": 1282586, "typical_volume": 1299250.35, "trend": 179.020188, "fair_value": 165.179706, "relative_strength": 2.652628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.962957, "energy": 58.681537, "activity_lines": [ 194.110836, 191.145401, 182.938875, 179.999225 ] }, { "date": "2026-03-13", "close": 177.650207, "volume": 1277351, "typical_volume": 1305483.1, "trend": 178.739615, "fair_value": 165.672449, "relative_strength": -0.202756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.469226, "energy": 24.646261, "activity_lines": [ 187.914974, 189.435292, 182.931744, 179.910839 ] }, { "date": "2026-03-20", "close": 166.729251, "volume": 1511841, "typical_volume": 1284962.2, "trend": 177.762083, "fair_value": 166.08773, "relative_strength": -4.489507, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 3.431309, "energy": 17.470922, "activity_lines": [ 179.164899, 185.499247, 181.870508, 179.135977 ] }, { "date": "2026-03-27", "close": 168.086884, "volume": 1045500, "typical_volume": 1264267.05, "trend": 177.02744, "fair_value": 166.478322, "relative_strength": -1.380377, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -15.505855, "energy": 28.962299, "activity_lines": [ 173.661829, 182.028209, 180.982159, 178.511771 ] }, { "date": "2026-04-03", "close": 166.3, "volume": 1247734, "typical_volume": 1267241.6, "trend": 176.074729, "fair_value": 166.891725, "relative_strength": -5.391622, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.544207, "energy": 36.319051, "activity_lines": [ 169.668792, 178.590749, 179.933519, 177.819678 ] }, { "date": "2026-04-10", "close": 176.15, "volume": 1073908, "typical_volume": 1228648.8, "trend": 175.687445, "fair_value": 167.335106, "relative_strength": -3.115944, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.08455, "energy": 30.654546, "activity_lines": [ 170.754624, 177.228429, 179.810098, 177.824534 ] }, { "date": "2026-04-17", "close": 176.27, "volume": 1210171, "typical_volume": 1244057.4, "trend": 175.532302, "fair_value": 167.753882, "relative_strength": -7.01773, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.041688, "energy": 24.082054, "activity_lines": [ 172.516868, 175.893787, 179.63154, 177.862118 ] }, { "date": "2026-04-24", "close": 181.57, "volume": 1997383, "typical_volume": 1247131.3, "trend": 175.907643, "fair_value": 168.127811, "relative_strength": -4.554707, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.757689, "energy": 7.196324, "activity_lines": [ 176.137792, 175.844087, 179.912625, 178.251647 ] }, { "date": "2026-05-01", "close": 191.763387, "volume": 2038103, "typical_volume": 1274567.4, "trend": 176.612371, "fair_value": 168.569091, "relative_strength": -0.046104, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.630169, "energy": 27.089575, "activity_lines": [ 182.167129, 178.140024, 181.104069, 179.274598 ] }, { "date": "2026-05-08", "close": 188.328521, "volume": 1579695, "typical_volume": 1279335.35, "trend": 177.368356, "fair_value": 169.002422, "relative_strength": -3.921464, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.183577, "energy": 30.754429, "activity_lines": [ 185.473077, 179.955229, 181.859403, 180.030479 ] }, { "date": "2026-05-15", "close": 178.35343, "volume": 1572464, "typical_volume": 1328705.8, "trend": 177.523445, "fair_value": 169.358433, "relative_strength": -8.965363, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 33.51283, "energy": 25.866414, "activity_lines": [ 183.985426, 180.045954, 181.55972, 180.094032 ] }, { "date": "2026-05-22", "close": 184.733893, "volume": 1319177, "typical_volume": 1352600.2, "trend": 177.857667, "fair_value": 169.780529, "relative_strength": -6.390708, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 39.071117, "energy": 26.903224, "activity_lines": [ 184.477701, 181.430267, 181.811712, 180.559222 ] }, { "date": "2026-05-29", "close": 189.456834, "volume": 1182925, "typical_volume": 1347360.6, "trend": 178.310125, "fair_value": 170.199864, "relative_strength": -5.27062, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.943766, "energy": 33.927572, "activity_lines": [ 185.980031, 183.544503, 182.416837, 181.307555 ] }, { "date": "2026-06-05", "close": 185.133296, "volume": 1518309, "typical_volume": 1350083.95, "trend": 178.80913, "fair_value": 170.574652, "relative_strength": -4.974736, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.262443, "energy": 23.343004, "activity_lines": [ 185.515392, 184.459412, 182.559108, 181.74776 ] }, { "date": "2026-06-12", "close": 192.781864, "volume": 1353211, "typical_volume": 1367887.1, "trend": 179.781986, "fair_value": 170.993256, "relative_strength": -1.594551, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.48604, "energy": 39.134588, "activity_lines": [ 188.042281, 186.455036, 183.442526, 182.649227 ] }, { "date": "2026-06-19", "close": 199.841313, "volume": 1369995, "typical_volume": 1382230.65, "trend": 181.037657, "fair_value": 171.443798, "relative_strength": 1.012197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.605145, "energy": 57.96266, "activity_lines": [ 192.625431, 189.252707, 184.946609, 183.943377 ] }, { "date": "2026-06-26", "close": 209.746509, "volume": 2336622, "typical_volume": 1423325.35, "trend": 182.469374, "fair_value": 171.918455, "relative_strength": 8.355091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.475844, "energy": 71.913342, "activity_lines": [ 199.077788, 193.420571, 187.282763, 185.795561 ] }, { "date": "2026-07-03", "close": 200.72, "volume": 1809581, "typical_volume": 1425983.35, "trend": 183.530786, "fair_value": 172.366438, "relative_strength": 1.441292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.008273, "energy": 67.937095, "activity_lines": [ 200.8538, 195.338589, 188.683989, 186.973021 ] }, { "date": "2026-07-10", "close": 188.8, "volume": 1340770, "typical_volume": 1450972.2, "trend": 184.194863, "fair_value": 172.663501, "relative_strength": -5.738748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.870321, "energy": 56.437469, "activity_lines": [ 197.905601, 194.741151, 188.98772, 187.31297 ] }, { "date": "2026-07-17", "close": 189.2, "volume": 1437292, "typical_volume": 1475230.9, "trend": 184.95897, "fair_value": 172.93613, "relative_strength": -4.052731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.20866, "energy": 32.479207, "activity_lines": [ 194.846289, 194.270321, 189.381317, 187.635882 ] }, { "date": "2026-07-24", "close": 193.88, "volume": 1423491, "typical_volume": 1482276.15, "trend": 185.868448, "fair_value": 173.184198, "relative_strength": -1.105369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.681724, "energy": 18.183222, "activity_lines": [ 193.585767, 194.634555, 190.239834, 188.211432 ] }, { "date": "2026-07-31", "close": 187.74, "volume": 1854909, "typical_volume": 1511154.05, "trend": 186.64534, "fair_value": 173.410465, "relative_strength": -5.010268, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.196288, "energy": 18.35886, "activity_lines": [ 190.676, 193.600124, 190.474617, 188.332178 ] }, { "date": "2026-08-07", "close": 198.29, "volume": 1118585, "typical_volume": 1491491.25, "trend": 187.297395, "fair_value": 173.695486, "relative_strength": -2.865432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.620375, "energy": 17.940482, "activity_lines": [ 192.75, 194.429218, 191.666117, 189.083446 ] } ], "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." } } }