{ "ticker": { "uuid": "57c938e2-25f5-4379-9d47-d58b2cd8164c", "symbol": "MSLH", "name": "Marshalls plc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 54.853, "architecture_energy": 70.674, "architecture_maturity": 17.526, "architecture_confidence": 83.302, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 12.41, "rotation_up": 78.1, "upward_expansion": 58.69, "deceleration": 16.17, "rotation_down": 14.34, "downward_expansion": 29.02 }, "activity_lines": [ 163.393333, 156.132727, 148.368062, 148.462185 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 181.4, "trend_reference": 151.916244, "distance_from_trend": 0.194079, "trend_direction": "Weakening", "fair_value": 241.942645, "distance_from_fair_value": -0.250236, "fair_value_direction": "Improving", "relative_strength": 2.179085, "relative_strength_direction": "Improving", "price_momentum": 0.160231, "excess_performance": 0.093952, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.194079, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.050802, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.250236, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.220833, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.021791, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.377931, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.160231, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 9.363364, "read": "Demand-led" } ], "volume": { "latest": 7085961, "relative_activity": 1.225316, "balance": 9.363364, "dry_up": 0.889564, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.060699, "annualized_volatility": 0.490652, "from_high_reference": -0.133732, "from_low_reference": 0.463388 }, "levels": { "trend_reference": 151.916244, "fair_value_reference": 241.942645, "structural_low": 123.95894, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.058479, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.039325, "regime_survival": 0.5, "best_return": 0.103501, "worst_return": -0.075551, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.165266, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.149649, "regime_survival": 0.0, "best_return": -0.014337, "worst_return": -0.348582, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.236165, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.193466, "regime_survival": 0.0, "best_return": 0.080839, "worst_return": -0.420812, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.176097, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.251014, "regime_survival": 0.333333, "best_return": -0.112021, "worst_return": -0.535134, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-06", "end": "2024-11-29", "tenure": "Established", "return": -0.027536, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": -0.102167, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-05-09", "tenure": "Established", "return": 0.010563, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-06-20", "tenure": "Developing", "return": -0.089323, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": -0.048737, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-25", "end": "2025-08-08", "tenure": "New", "return": -0.01432, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-12-19", "tenure": "Established", "return": -0.048505, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": -0.134956, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": 0.027875, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-02-27", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.007022, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-07-03", "tenure": "Established", "return": 0.078371, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-07-31", "tenure": "New", "return": 0.116632, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 257.733917, "volume": 890226, "typical_volume": 3669456.85, "trend": 297.553798, "fair_value": 546.672241, "relative_strength": -12.739673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.847304, "energy": 24.045526, "activity_lines": [ 267.057637, 260.988758, 270.802296, 281.520267 ] }, { "date": "2023-08-18", "close": 262.329193, "volume": 2296025, "typical_volume": 3604293.95, "trend": 295.266435, "fair_value": 544.211046, "relative_strength": -7.346933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.898423, "energy": 19.8324, "activity_lines": [ 265.552525, 261.319326, 268.960832, 279.247712 ] }, { "date": "2023-08-25", "close": 261.330231, "volume": 1862482, "typical_volume": 3606912.75, "trend": 292.539661, "fair_value": 541.817025, "relative_strength": -8.218208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.690631, "energy": 24.72178, "activity_lines": [ 263.31484, 262.031319, 267.264445, 277.058279 ] }, { "date": "2023-09-01", "close": 274.916199, "volume": 2066484, "typical_volume": 3588897.65, "trend": 289.81969, "fair_value": 539.343743, "relative_strength": -4.659142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.158864, "energy": 21.239667, "activity_lines": [ 266.311747, 265.220753, 267.047967, 275.921282 ] }, { "date": "2023-09-08", "close": 263.727753, "volume": 3513920, "typical_volume": 3611269.0, "trend": 287.192803, "fair_value": 536.673977, "relative_strength": -8.294254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.748935, "energy": 22.46101, "activity_lines": [ 265.64577, 265.725686, 266.009924, 274.237931 ] }, { "date": "2023-09-15", "close": 270.520752, "volume": 2206880, "typical_volume": 3603519.2, "trend": 284.918845, "fair_value": 534.460435, "relative_strength": -8.213687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.923793, "energy": 11.767166, "activity_lines": [ 267.816868, 267.040695, 265.844783, 273.162315 ] }, { "date": "2023-09-22", "close": 273.118042, "volume": 1675511, "typical_volume": 3550614.35, "trend": 282.851303, "fair_value": 532.116386, "relative_strength": -6.503352, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.397057, "energy": 11.298875, "activity_lines": [ 270.001274, 268.206761, 266.068293, 272.400973 ] }, { "date": "2023-09-29", "close": 252.539307, "volume": 1926937, "typical_volume": 2983964.65, "trend": 280.191008, "fair_value": 529.522056, "relative_strength": -12.279274, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.577079, "energy": 21.646812, "activity_lines": [ 264.606844, 265.3261, 264.448483, 270.44536 ] }, { "date": "2023-10-06", "close": 229.762802, "volume": 6250769, "typical_volume": 3180830.95, "trend": 277.656959, "fair_value": 526.506602, "relative_strength": -18.76322, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.376297, "energy": 50.777379, "activity_lines": [ 252.206308, 258.65662, 260.83504, 267.191927 ] }, { "date": "2023-10-13", "close": 210.582596, "volume": 3784970, "typical_volume": 3107325.6, "trend": 274.330447, "fair_value": 523.195449, "relative_strength": -26.382079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.986199, "energy": 75.97051, "activity_lines": [ 236.422596, 249.338964, 255.72363, 262.864549 ] }, { "date": "2023-10-20", "close": 202.616516, "volume": 14571590, "typical_volume": 3678616.9, "trend": 271.157825, "fair_value": 519.842828, "relative_strength": -27.052941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.231224, "energy": 87.014445, "activity_lines": [ 221.526535, 239.695407, 250.247919, 258.237844 ] }, { "date": "2023-10-27", "close": 206.812729, "volume": 6722564, "typical_volume": 3913525.5, "trend": 267.625757, "fair_value": 516.884999, "relative_strength": -24.124063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.476805, "energy": 86.739037, "activity_lines": [ 212.556161, 231.816932, 245.627445, 254.086547 ] }, { "date": "2023-11-03", "close": 214.405838, "volume": 8037552, "typical_volume": 4115409.45, "trend": 264.759566, "fair_value": 513.729515, "relative_strength": -22.446758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.137069, "energy": 84.533794, "activity_lines": [ 210.537177, 226.328413, 242.141955, 250.653004 ] }, { "date": "2023-11-10", "close": 213.206924, "volume": 7197248, "typical_volume": 4178337.2, "trend": 260.994576, "fair_value": 510.012908, "relative_strength": -21.797939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.185603, "energy": 80.28738, "activity_lines": [ 210.660786, 221.47508, 238.767635, 247.327027 ] }, { "date": "2023-11-17", "close": 232.189713, "volume": 12000982, "typical_volume": 4549324.8, "trend": 258.361667, "fair_value": 506.529954, "relative_strength": -16.112866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.128711, "energy": 49.280428, "activity_lines": [ 218.215717, 221.195151, 237.324754, 245.468649 ] }, { "date": "2023-11-24", "close": 233.58847, "volume": 4006382, "typical_volume": 4629043.75, "trend": 256.141552, "fair_value": 503.51663, "relative_strength": -15.057792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.047717, "energy": 31.973864, "activity_lines": [ 224.796425, 221.74296, 236.053954, 243.870378 ] }, { "date": "2023-12-01", "close": 250.573074, "volume": 3958235, "typical_volume": 4660206.05, "trend": 254.574141, "fair_value": 500.385049, "relative_strength": -9.147489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.237943, "energy": 20.479445, "activity_lines": [ 234.973872, 226.050374, 236.413915, 243.511122 ] }, { "date": "2023-12-08", "close": 249.174347, "volume": 2693145, "typical_volume": 4702178.05, "trend": 253.233069, "fair_value": 497.59, "relative_strength": -9.740504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.7302, "energy": 22.795306, "activity_lines": [ 241.767719, 230.513383, 236.668103, 243.162748 ] }, { "date": "2023-12-15", "close": 269.555847, "volume": 2924545, "typical_volume": 4683193.95, "trend": 252.258472, "fair_value": 494.676075, "relative_strength": -2.540802, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 23.093007, "energy": 30.062269, "activity_lines": [ 253.0375, 238.743301, 238.971696, 244.21583 ] }, { "date": "2023-12-22", "close": 278.747559, "volume": 1684399, "typical_volume": 4513542.3, "trend": 251.770021, "fair_value": 491.7219, "relative_strength": -0.758233, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.57108, "energy": 42.812929, "activity_lines": [ 263.614589, 247.920929, 242.180973, 245.924804 ] }, { "date": "2023-12-29", "close": 279.147186, "volume": 562528, "typical_volume": 4497157.4, "trend": 251.131859, "fair_value": 488.728698, "relative_strength": -1.047863, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.119641, "energy": 62.138452, "activity_lines": [ 271.221032, 255.931853, 245.397696, 247.691072 ] }, { "date": "2024-01-05", "close": 265.959137, "volume": 1822852, "typical_volume": 4473498.75, "trend": 250.22059, "fair_value": 485.615769, "relative_strength": -4.925999, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.613505, "energy": 60.302762, "activity_lines": [ 271.39421, 260.153484, 247.256447, 248.647671 ] }, { "date": "2024-01-12", "close": 261.56311, "volume": 1953008, "typical_volume": 4478025.05, "trend": 250.215034, "fair_value": 482.935326, "relative_strength": -5.364273, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.596895, "energy": 51.612379, "activity_lines": [ 269.076308, 262.500447, 248.679243, 249.379446 ] }, { "date": "2024-01-19", "close": 262.562195, "volume": 1954568, "typical_volume": 4472429.25, "trend": 250.995336, "fair_value": 480.286879, "relative_strength": -2.544892, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.445623, "energy": 29.485972, "activity_lines": [ 266.265517, 264.171658, 250.196081, 250.176037 ] }, { "date": "2024-01-26", "close": 278.347931, "volume": 2531125, "typical_volume": 4423289.5, "trend": 252.261871, "fair_value": 477.915571, "relative_strength": 1.38819, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.743185, "energy": 29.539629, "activity_lines": [ 269.182882, 267.815634, 253.275151, 251.940721 ] }, { "date": "2024-02-02", "close": 293.733978, "volume": 5423096, "typical_volume": 4584100.3, "trend": 254.17447, "fair_value": 475.585309, "relative_strength": 7.644881, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.906918, "energy": 48.246965, "activity_lines": [ 277.25557, 273.417832, 257.749939, 254.616341 ] }, { "date": "2024-02-09", "close": 279.746643, "volume": 4503831, "typical_volume": 4725516.3, "trend": 254.954844, "fair_value": 473.168584, "relative_strength": 3.461377, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.291871, "energy": 44.644025, "activity_lines": [ 279.693361, 275.383325, 260.782061, 256.266158 ] }, { "date": "2024-02-16", "close": 289.73761, "volume": 1883600, "typical_volume": 4723349.45, "trend": 255.548788, "fair_value": 470.908676, "relative_strength": 5.493361, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.862102, "energy": 67.397412, "activity_lines": [ 284.542308, 278.634928, 264.734138, 258.510208 ] }, { "date": "2024-02-23", "close": 298.729462, "volume": 2774749, "typical_volume": 4549548.45, "trend": 256.309265, "fair_value": 468.46008, "relative_strength": 9.065753, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.991922, "energy": 72.7587, "activity_lines": [ 290.510238, 282.783899, 269.365448, 261.296058 ] }, { "date": "2024-03-01", "close": 306.922058, "volume": 2704057, "typical_volume": 4495502.8, "trend": 257.462704, "fair_value": 466.051205, "relative_strength": 12.517803, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.13435, "energy": 75.584053, "activity_lines": [ 296.797882, 287.892004, 274.448592, 264.561399 ] }, { "date": "2024-03-08", "close": 306.722198, "volume": 3619331, "typical_volume": 3947889.85, "trend": 259.095647, "fair_value": 463.439507, "relative_strength": 12.743853, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.881349, "energy": 76.636629, "activity_lines": [ 301.113965, 292.451507, 279.053943, 267.739431 ] }, { "date": "2024-03-15", "close": 290.337067, "volume": 3331017, "typical_volume": 3778312.5, "trend": 260.029242, "fair_value": 460.95311, "relative_strength": 6.058272, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.869236, "energy": 64.340199, "activity_lines": [ 299.102456, 293.530531, 281.603064, 269.755007 ] }, { "date": "2024-03-22", "close": 274.75119, "volume": 7117780, "typical_volume": 3732323.9, "trend": 260.476608, "fair_value": 458.222845, "relative_strength": -1.913871, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.929596, "energy": 36.758218, "activity_lines": [ 291.189626, 291.332525, 282.27008, 270.70481 ] }, { "date": "2024-03-29", "close": 274.551331, "volume": 2659865, "typical_volume": 3505454.75, "trend": 260.464446, "fair_value": 455.593668, "relative_strength": -1.907636, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.16896, "energy": 22.557006, "activity_lines": [ 284.209271, 288.858397, 282.630703, 271.612856 ] }, { "date": "2024-04-05", "close": 266.758423, "volume": 2094634, "typical_volume": 3010137.35, "trend": 260.565468, "fair_value": 452.767381, "relative_strength": -3.926307, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.592184, "energy": 22.341837, "activity_lines": [ 276.243156, 284.749393, 281.957029, 272.018919 ] }, { "date": "2024-04-12", "close": 274.75119, "volume": 2618571, "typical_volume": 2940746.8, "trend": 260.706482, "fair_value": 449.819579, "relative_strength": -1.711443, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.787918, "energy": 23.822322, "activity_lines": [ 273.618872, 282.304337, 281.879957, 272.934127 ] }, { "date": "2024-04-19", "close": 257.267029, "volume": 2463145, "typical_volume": 2865992.3, "trend": 260.178115, "fair_value": 446.810884, "relative_strength": -6.457428, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.957507, "energy": 21.797864, "activity_lines": [ 267.297935, 277.025485, 279.941715, 272.712227 ] }, { "date": "2024-04-26", "close": 263.261597, "volume": 2613523, "typical_volume": 2862011.2, "trend": 260.535525, "fair_value": 443.847014, "relative_strength": -6.847792, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.096263, "energy": 20.496388, "activity_lines": [ 265.179857, 273.245274, 278.542507, 272.911161 ] }, { "date": "2024-05-03", "close": 281.744843, "volume": 3918452, "typical_volume": 2911706.55, "trend": 262.26826, "fair_value": 441.020821, "relative_strength": -0.985258, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.892089, "energy": 15.600437, "activity_lines": [ 269.988833, 273.307036, 278.836527, 274.279504 ] }, { "date": "2024-05-10", "close": 309.719513, "volume": 1796077, "typical_volume": 2917290.45, "trend": 265.572824, "fair_value": 438.338762, "relative_strength": 6.037964, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.004974, "energy": 25.54262, "activity_lines": [ 283.643132, 278.763912, 281.736758, 277.340876 ] }, { "date": "2024-05-17", "close": 315.714081, "volume": 2997075, "typical_volume": 3039017.8, "trend": 269.342742, "fair_value": 435.618354, "relative_strength": 8.325283, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.667824, "energy": 54.55773, "activity_lines": [ 296.431547, 285.259847, 285.060415, 280.575795 ] }, { "date": "2024-05-24", "close": 324.705933, "volume": 3945803, "typical_volume": 3145165.35, "trend": 273.272516, "fair_value": 432.990775, "relative_strength": 12.750368, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.529694, "energy": 77.093192, "activity_lines": [ 309.486387, 293.227176, 289.06631, 284.147614 ] }, { "date": "2024-05-31", "close": 315.714081, "volume": 3788250, "typical_volume": 3236927.45, "trend": 276.649457, "fair_value": 430.366064, "relative_strength": 10.252018, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.20698, "energy": 76.360164, "activity_lines": [ 315.048017, 298.934734, 291.936093, 286.88578 ] }, { "date": "2024-06-07", "close": 306.277527, "volume": 1680167, "typical_volume": 3223207.4, "trend": 279.751811, "fair_value": 427.9496, "relative_strength": 7.443613, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.460641, "energy": 72.616044, "activity_lines": [ 313.967296, 302.181775, 293.649293, 288.797268 ] }, { "date": "2024-06-14", "close": 296.28476, "volume": 1462232, "typical_volume": 3169762.75, "trend": 281.888312, "fair_value": 425.571456, "relative_strength": 5.070745, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.359193, "energy": 46.974401, "activity_lines": [ 307.92014, 303.035109, 294.202634, 289.86391 ] }, { "date": "2024-06-21", "close": 301.281128, "volume": 3619933, "typical_volume": 3079604.6, "trend": 284.144734, "fair_value": 423.161355, "relative_strength": 5.400019, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.545673, "energy": 31.946415, "activity_lines": [ 304.43409, 304.260031, 295.146406, 291.115059 ] }, { "date": "2024-06-28", "close": 292.287659, "volume": 1479171, "typical_volume": 2928371.6, "trend": 285.53522, "fair_value": 420.562435, "relative_strength": 2.953696, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.697373, "energy": 19.38871, "activity_lines": [ 298.912415, 303.367415, 295.197718, 291.640409 ] }, { "date": "2024-07-05", "close": 321.766235, "volume": 4497437, "typical_volume": 3059063.45, "trend": 287.95495, "fair_value": 417.998915, "relative_strength": 12.373875, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.017195, "energy": 26.683648, "activity_lines": [ 305.378149, 307.197801, 297.996794, 293.977894 ] }, { "date": "2024-07-12", "close": 351.244843, "volume": 6707548, "typical_volume": 3255703.4, "trend": 290.677917, "fair_value": 415.630758, "relative_strength": 21.400114, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 79.872971, "energy": 57.384436, "activity_lines": [ 321.26661, 315.324213, 303.450839, 298.061113 ] }, { "date": "2024-07-19", "close": 347.747375, "volume": 4066332, "typical_volume": 3323817.15, "trend": 292.97791, "fair_value": 413.144205, "relative_strength": 21.148111, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.619103, "energy": 75.505177, "activity_lines": [ 332.991427, 321.551085, 308.321719, 301.743014 ] }, { "date": "2024-07-26", "close": 358.239746, "volume": 2572447, "typical_volume": 3271472.95, "trend": 295.614329, "fair_value": 410.766501, "relative_strength": 22.352189, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.230295, "energy": 82.742495, "activity_lines": [ 344.782859, 328.994246, 313.997467, 305.953455 ] }, { "date": "2024-08-02", "close": 337.255005, "volume": 2371993, "typical_volume": 3223521.75, "trend": 297.990858, "fair_value": 408.193493, "relative_strength": 16.416175, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.924713, "energy": 76.608324, "activity_lines": [ 345.782137, 331.848805, 317.429346, 308.63995 ] }, { "date": "2024-08-09", "close": 339.753174, "volume": 2065876, "typical_volume": 2970926.55, "trend": 300.597194, "fair_value": 405.569315, "relative_strength": 16.907552, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.358856, "energy": 66.355401, "activity_lines": [ 344.616315, 334.929412, 320.875726, 311.334293 ] }, { "date": "2024-08-16", "close": 333.257904, "volume": 2890953, "typical_volume": 2982480.95, "trend": 302.953717, "fair_value": 402.797925, "relative_strength": 12.45384, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.698349, "energy": 43.835687, "activity_lines": [ 340.086273, 336.391987, 323.393977, 313.441435 ] }, { "date": "2024-08-23", "close": 348.247009, "volume": 2320594, "typical_volume": 2993778.95, "trend": 305.283686, "fair_value": 399.901871, "relative_strength": 16.889011, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.396408, "energy": 39.763774, "activity_lines": [ 341.751729, 340.0893, 327.060206, 316.363583 ] }, { "date": "2024-08-30", "close": 341.252106, "volume": 980356, "typical_volume": 2911868.2, "trend": 306.867624, "fair_value": 396.717833, "relative_strength": 13.635117, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.011155, "energy": 32.402677, "activity_lines": [ 341.052242, 341.570046, 329.672213, 318.684126 ] }, { "date": "2024-09-06", "close": 325.763336, "volume": 1512620, "typical_volume": 2864341.95, "trend": 308.401514, "fair_value": 393.613667, "relative_strength": 10.793775, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.98591, "energy": 25.583469, "activity_lines": [ 336.322341, 339.507906, 330.492428, 319.903205 ] }, { "date": "2024-09-13", "close": 328.7612, "volume": 2445077, "typical_volume": 2855919.65, "trend": 309.7023, "fair_value": 390.557512, "relative_strength": 10.300443, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.371353, "energy": 21.998752, "activity_lines": [ 333.357839, 337.382183, 331.271981, 321.216733 ] }, { "date": "2024-09-20", "close": 336.755371, "volume": 2682068, "typical_volume": 2794100.45, "trend": 310.96983, "fair_value": 387.830937, "relative_strength": 13.249342, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.38826, "energy": 17.694458, "activity_lines": [ 333.790859, 336.582765, 332.500981, 322.962092 ] }, { "date": "2024-09-27", "close": 334.756805, "volume": 1397670, "typical_volume": 2774180.1, "trend": 311.897655, "fair_value": 385.289904, "relative_strength": 10.9332, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.179351, "energy": 17.106219, "activity_lines": [ 333.324526, 335.683417, 333.277687, 324.496736 ] }, { "date": "2024-10-04", "close": 321.266632, "volume": 1863328, "typical_volume": 2717492.75, "trend": 312.38247, "fair_value": 382.780768, "relative_strength": 6.519815, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.49616, "energy": 10.203154, "activity_lines": [ 329.260815, 332.567501, 332.650388, 325.101186 ] }, { "date": "2024-10-11", "close": 317.269531, "volume": 1400253, "typical_volume": 2590215.25, "trend": 313.280219, "fair_value": 380.169228, "relative_strength": 4.942834, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.855774, "energy": 8.477484, "activity_lines": [ 325.197103, 329.397079, 331.615973, 325.41648 ] }, { "date": "2024-10-18", "close": 356.241241, "volume": 3798383, "typical_volume": 2590721.9, "trend": 315.996554, "fair_value": 377.826399, "relative_strength": 15.434709, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.136245, "energy": 21.318317, "activity_lines": [ 334.690214, 333.675794, 334.328561, 328.188159 ] }, { "date": "2024-10-25", "close": 349.771454, "volume": 2092623, "typical_volume": 2611344.7, "trend": 318.503891, "fair_value": 375.534881, "relative_strength": 14.009184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.954899, "energy": 28.272351, "activity_lines": [ 340.194726, 336.478402, 336.231991, 330.367185 ] }, { "date": "2024-11-01", "close": 342.776031, "volume": 5207041, "typical_volume": 2798585.15, "trend": 321.037811, "fair_value": 372.926567, "relative_strength": 11.953965, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 46.53638, "energy": 35.891642, "activity_lines": [ 342.499693, 337.708868, 337.262078, 331.933129 ] }, { "date": "2024-11-08", "close": 321.789734, "volume": 5315499, "typical_volume": 2883363.45, "trend": 322.605763, "fair_value": 370.254113, "relative_strength": 5.871561, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.746164, "energy": 19.221854, "activity_lines": [ 337.274611, 335.223116, 336.072082, 331.98164 ] }, { "date": "2024-11-15", "close": 334.78125, "volume": 3875442, "typical_volume": 3003177.0, "trend": 325.18957, "fair_value": 367.680935, "relative_strength": 9.673623, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.084374, "energy": 15.503366, "activity_lines": [ 336.345162, 335.453319, 336.021713, 332.767156 ] }, { "date": "2024-11-22", "close": 324.78775, "volume": 2785324, "typical_volume": 2917571.35, "trend": 327.240442, "fair_value": 365.277257, "relative_strength": 3.417083, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.207636, "energy": 8.621771, "activity_lines": [ 330.917098, 333.702559, 334.817233, 332.741232 ] }, { "date": "2024-11-29", "close": 316.792999, "volume": 1881398, "typical_volume": 2676263.85, "trend": 328.408714, "fair_value": 362.876722, "relative_strength": 0.313644, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.929641, "energy": 17.527956, "activity_lines": [ 324.921016, 330.570454, 332.836959, 332.067203 ] }, { "date": "2024-12-06", "close": 322.789093, "volume": 4465058, "typical_volume": 2696200.15, "trend": 328.844366, "fair_value": 360.47303, "relative_strength": 1.649363, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.196913, "energy": 23.616131, "activity_lines": [ 323.122196, 328.891499, 331.591798, 331.704647 ] }, { "date": "2024-12-13", "close": 305.800171, "volume": 2741480, "typical_volume": 2704651.8, "trend": 328.513903, "fair_value": 358.014826, "relative_strength": -3.665571, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.009782, "energy": 43.247191, "activity_lines": [ 316.992865, 324.341245, 328.847493, 330.217925 ] }, { "date": "2024-12-20", "close": 291.809326, "volume": 3181994, "typical_volume": 2745151.85, "trend": 327.417349, "fair_value": 355.396549, "relative_strength": -5.614771, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.201105, "energy": 55.367825, "activity_lines": [ 307.265889, 317.528408, 325.02044, 327.849888 ] }, { "date": "2024-12-27", "close": 289.810638, "volume": 1520258, "typical_volume": 2717870.95, "trend": 326.553901, "fair_value": 352.82305, "relative_strength": -6.98606, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.483801, "energy": 68.588842, "activity_lines": [ 299.737479, 310.815087, 321.219443, 325.423648 ] }, { "date": "2025-01-03", "close": 283.814575, "volume": 1059015, "typical_volume": 2626274.05, "trend": 325.805136, "fair_value": 350.179119, "relative_strength": -9.72886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.813215, "energy": 74.208848, "activity_lines": [ 292.542189, 304.219402, 317.085214, 322.666272 ] }, { "date": "2025-01-10", "close": 253.334457, "volume": 6991867, "typical_volume": 2859837.7, "trend": 324.373459, "fair_value": 347.442187, "relative_strength": -19.517431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.159928, "energy": 83.455724, "activity_lines": [ 277.385421, 293.281093, 310.283561, 317.990745 ] }, { "date": "2025-01-17", "close": 254.833466, "volume": 8578218, "typical_volume": 3239730.8, "trend": 322.825204, "fair_value": 344.55809, "relative_strength": -21.277386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.675527, "energy": 86.385961, "activity_lines": [ 267.358632, 284.241541, 304.076635, 313.504294 ] }, { "date": "2025-01-24", "close": 243.340988, "volume": 8055596, "typical_volume": 3566879.6, "trend": 321.193648, "fair_value": 341.750698, "relative_strength": -24.503949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.903744, "energy": 89.052289, "activity_lines": [ 256.898798, 274.329835, 297.186705, 308.37628 ] }, { "date": "2025-01-31", "close": 260.829559, "volume": 5167510, "typical_volume": 3703001.25, "trend": 319.162426, "fair_value": 339.065011, "relative_strength": -20.335536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.838861, "energy": 82.512898, "activity_lines": [ 255.499709, 269.260419, 292.354841, 304.481822 ] }, { "date": "2025-02-07", "close": 259.8302, "volume": 3875297, "typical_volume": 3762662.7, "trend": 316.115271, "fair_value": 336.369717, "relative_strength": -20.596138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.615932, "energy": 74.382042, "activity_lines": [ 255.699573, 265.172178, 287.751283, 300.653937 ] }, { "date": "2025-02-14", "close": 257.831543, "volume": 2019268, "typical_volume": 3793742.6, "trend": 313.118076, "fair_value": 333.847181, "relative_strength": -21.171367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.190299, "energy": 56.316576, "activity_lines": [ 256.832176, 261.756232, 283.323688, 296.893696 ] }, { "date": "2025-02-21", "close": 245.339691, "volume": 3267038, "typical_volume": 3863928.1, "trend": 309.354741, "fair_value": 331.35975, "relative_strength": -23.950047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.332114, "energy": 57.473164, "activity_lines": [ 253.501022, 257.250086, 278.072703, 292.520897 ] }, { "date": "2025-02-28", "close": 244.839996, "volume": 2934665, "typical_volume": 3940648.7, "trend": 306.274241, "fair_value": 329.259451, "relative_strength": -24.928595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.065932, "energy": 56.871094, "activity_lines": [ 250.636222, 253.752368, 273.135685, 288.358655 ] }, { "date": "2025-03-07", "close": 250.336426, "volume": 2231468, "typical_volume": 3862302.95, "trend": 303.293683, "fair_value": 326.909632, "relative_strength": -21.639482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.496487, "energy": 52.193801, "activity_lines": [ 249.503632, 252.107989, 269.067039, 284.749764 ] }, { "date": "2025-03-14", "close": 243.340988, "volume": 3713030, "typical_volume": 3943323.3, "trend": 300.296452, "fair_value": 324.124637, "relative_strength": -23.031839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.281968, "energy": 55.222169, "activity_lines": [ 246.73877, 249.909425, 264.83647, 280.881848 ] }, { "date": "2025-03-21", "close": 244.839996, "volume": 10396136, "typical_volume": 4202778.05, "trend": 296.849552, "fair_value": 321.390842, "relative_strength": -22.429854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.153253, "energy": 51.230214, "activity_lines": [ 245.57286, 248.719291, 261.255474, 277.304013 ] }, { "date": "2025-03-28", "close": 248.337708, "volume": 2183134, "typical_volume": 4046159.8, "trend": 293.752405, "fair_value": 318.625079, "relative_strength": -21.189046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.549317, "energy": 46.514455, "activity_lines": [ 246.438956, 248.31955, 258.473957, 274.174216 ] }, { "date": "2025-04-04", "close": 240.342957, "volume": 6814728, "typical_volume": 4193124.1, "trend": 290.905059, "fair_value": 315.862458, "relative_strength": -17.839285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.411784, "energy": 47.976413, "activity_lines": [ 244.440267, 246.584322, 255.280806, 270.728445 ] }, { "date": "2025-04-11", "close": 248.837402, "volume": 5113081, "typical_volume": 4309511.95, "trend": 288.240933, "fair_value": 313.272668, "relative_strength": -13.823358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.015793, "energy": 41.162473, "activity_lines": [ 245.572863, 246.448049, 253.346356, 268.014403 ] }, { "date": "2025-04-18", "close": 260.829559, "volume": 1604984, "typical_volume": 4295691.25, "trend": 285.710072, "fair_value": 310.849338, "relative_strength": -13.021183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.067265, "energy": 28.764858, "activity_lines": [ 250.802779, 248.710206, 252.915685, 266.245927 ] }, { "date": "2025-04-25", "close": 269.8237, "volume": 2831740, "typical_volume": 4214025.35, "trend": 283.545635, "fair_value": 308.659631, "relative_strength": -11.501429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.867831, "energy": 16.206414, "activity_lines": [ 257.864838, 252.589492, 253.608091, 265.221 ] }, { "date": "2025-05-02", "close": 286.312927, "volume": 2704585, "typical_volume": 4212180.6, "trend": 282.380512, "fair_value": 306.751596, "relative_strength": -8.02287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.682758, "energy": 23.429382, "activity_lines": [ 268.757725, 259.248781, 256.123115, 265.399535 ] }, { "date": "2025-05-09", "close": 286.812561, "volume": 1894487, "typical_volume": 4147805.25, "trend": 281.36528, "fair_value": 305.131515, "relative_strength": -7.256847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.217988, "energy": 32.742067, "activity_lines": [ 277.285476, 265.253943, 258.778521, 265.685474 ] }, { "date": "2025-05-16", "close": 290.310303, "volume": 2698361, "typical_volume": 4206710.4, "trend": 279.167582, "fair_value": 303.655436, "relative_strength": -7.328404, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.803315, "energy": 53.437433, "activity_lines": [ 283.881167, 271.131922, 261.790839, 266.262572 ] }, { "date": "2025-05-23", "close": 282.815216, "volume": 2294169, "typical_volume": 4268468.1, "trend": 276.935707, "fair_value": 302.006533, "relative_strength": -9.749366, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.82179, "energy": 54.522597, "activity_lines": [ 285.213635, 274.920359, 264.086959, 266.497903 ] }, { "date": "2025-05-30", "close": 279.317474, "volume": 1938182, "typical_volume": 4015783.85, "trend": 274.820422, "fair_value": 300.392799, "relative_strength": -11.118222, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.915253, "energy": 44.35021, "activity_lines": [ 283.914479, 277.35513, 266.05472, 266.651565 ] }, { "date": "2025-06-06", "close": 270.875946, "volume": 1986584, "typical_volume": 3686202.15, "trend": 273.123295, "fair_value": 298.845949, "relative_strength": -14.143831, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.251868, "energy": 25.401738, "activity_lines": [ 279.168563, 277.628215, 267.094798, 266.397083 ] }, { "date": "2025-06-13", "close": 268.377075, "volume": 2164667, "typical_volume": 3391655.7, "trend": 270.909823, "fair_value": 297.548043, "relative_strength": -14.78042, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.180122, "energy": 10.44889, "activity_lines": [ 274.618821, 277.037173, 267.820495, 266.090875 ] }, { "date": "2025-06-20", "close": 264.378937, "volume": 5704399, "typical_volume": 3418500.15, "trend": 268.896196, "fair_value": 296.30899, "relative_strength": -15.027901, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 1.416223, "energy": 10.708782, "activity_lines": [ 269.965399, 275.209486, 268.046197, 265.669528 ] }, { "date": "2025-06-27", "close": 276.873199, "volume": 3980786, "typical_volume": 3423774.6, "trend": 267.565536, "fair_value": 295.242189, "relative_strength": -11.047837, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.043642, "energy": 11.432441, "activity_lines": [ 271.205489, 275.370909, 269.444927, 266.184173 ] }, { "date": "2025-07-04", "close": 264.878693, "volume": 3042976, "typical_volume": 3474960.0, "trend": 265.635189, "fair_value": 294.031939, "relative_strength": -14.706288, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.694442, "energy": 17.491411, "activity_lines": [ 268.843545, 273.059811, 269.620167, 266.010829 ] }, { "date": "2025-07-11", "close": 257.382141, "volume": 2651773, "typical_volume": 3444196.75, "trend": 264.021255, "fair_value": 292.695553, "relative_strength": -17.59578, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.008, "energy": 13.385758, "activity_lines": [ 264.945335, 269.475613, 269.047891, 265.478374 ] }, { "date": "2025-07-18", "close": 263.379364, "volume": 2718985, "typical_volume": 3433412.75, "trend": 263.07359, "fair_value": 291.26705, "relative_strength": -15.533257, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.626174, "energy": 11.745614, "activity_lines": [ 263.945787, 267.507832, 268.989434, 265.436962 ] }, { "date": "2025-07-25", "close": 209.404099, "volume": 12745984, "typical_volume": 3959138.55, "trend": 260.393372, "fair_value": 289.441351, "relative_strength": -33.034328, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -48.833099, "energy": 54.672387, "activity_lines": [ 245.287664, 256.152426, 263.702193, 261.974414 ] }, { "date": "2025-08-01", "close": 203.906616, "volume": 7861024, "typical_volume": 4166538.25, "trend": 257.729773, "fair_value": 287.768574, "relative_strength": -33.722837, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.752897, "energy": 75.338111, "activity_lines": [ 228.462036, 245.268499, 258.086298, 258.330107 ] }, { "date": "2025-08-08", "close": 206.405472, "volume": 2623633, "typical_volume": 3777913.1, "trend": 256.165473, "fair_value": 286.033734, "relative_strength": -32.386032, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.994564, "energy": 88.408153, "activity_lines": [ 217.333799, 236.273611, 252.896172, 255.018862 ] }, { "date": "2025-08-15", "close": 189.113388, "volume": 5871409, "typical_volume": 3962326.85, "trend": 253.974804, "fair_value": 284.820374, "relative_strength": -37.650185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.874462, "energy": 94.351006, "activity_lines": [ 204.339749, 225.460381, 246.242203, 250.692921 ] }, { "date": "2025-08-22", "close": 188.113846, "volume": 4417791, "typical_volume": 3842480.0, "trend": 252.133899, "fair_value": 283.86813, "relative_strength": -38.422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.460908, "energy": 91.590441, "activity_lines": [ 195.563769, 215.952008, 239.77506, 246.443827 ] }, { "date": "2025-08-29", "close": 178.51825, "volume": 5357380, "typical_volume": 3854694.95, "trend": 249.390189, "fair_value": 282.882536, "relative_strength": -39.959403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.548365, "energy": 92.380926, "activity_lines": [ 188.606957, 206.158312, 232.64276, 241.69443 ] }, { "date": "2025-09-05", "close": 175.919418, "volume": 3996099, "typical_volume": 3974250.7, "trend": 246.593163, "fair_value": 281.922522, "relative_strength": -40.232149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.25193, "energy": 90.896072, "activity_lines": [ 182.842925, 197.453205, 225.597806, 236.95438 ] }, { "date": "2025-09-12", "close": 172.321075, "volume": 5156035, "typical_volume": 4090465.45, "trend": 243.742814, "fair_value": 280.830642, "relative_strength": -41.178904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.395352, "energy": 88.188932, "activity_lines": [ 177.745258, 189.929377, 218.614486, 232.162633 ] }, { "date": "2025-09-19", "close": 174.32016, "volume": 5333604, "typical_volume": 4221916.4, "trend": 241.375496, "fair_value": 279.873177, "relative_strength": -39.251966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.751614, "energy": 78.15199, "activity_lines": [ 175.586247, 184.451885, 212.285854, 227.683752 ] }, { "date": "2025-09-26", "close": 170.721817, "volume": 2477481, "typical_volume": 4251066.1, "trend": 238.90489, "fair_value": 279.094889, "relative_strength": -40.134566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.293331, "energy": 71.726148, "activity_lines": [ 173.214002, 179.830367, 206.147821, 223.12545 ] }, { "date": "2025-10-03", "close": 180.917145, "volume": 4600578, "typical_volume": 4346176.95, "trend": 236.590914, "fair_value": 278.643077, "relative_strength": -37.163242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.610915, "energy": 64.363652, "activity_lines": [ 175.399669, 178.747227, 201.533585, 219.384305 ] }, { "date": "2025-10-10", "close": 169.722275, "volume": 4568264, "typical_volume": 4459881.7, "trend": 234.136957, "fair_value": 278.288466, "relative_strength": -39.873559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.198588, "energy": 64.118015, "activity_lines": [ 173.693787, 176.146601, 196.37409, 215.070199 ] }, { "date": "2025-10-17", "close": 161.925842, "volume": 5446279, "typical_volume": 4635286.55, "trend": 231.373152, "fair_value": 277.83489, "relative_strength": -41.233144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.233826, "energy": 65.718067, "activity_lines": [ 169.802236, 172.749975, 191.010616, 210.411417 ] }, { "date": "2025-10-24", "close": 181.339935, "volume": 5264579, "typical_volume": 4799186.3, "trend": 229.139893, "fair_value": 277.382853, "relative_strength": -35.173858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.809107, "energy": 60.501883, "activity_lines": [ 173.075065, 173.691904, 188.055111, 207.183468 ] }, { "date": "2025-10-31", "close": 168.74411, "volume": 3946726, "typical_volume": 4888289.25, "trend": 226.753265, "fair_value": 276.83215, "relative_strength": -39.130734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.390737, "energy": 63.26441, "activity_lines": [ 171.681301, 172.48502, 184.326366, 203.286966 ] }, { "date": "2025-11-07", "close": 166.744781, "volume": 9254891, "typical_volume": 5065813.85, "trend": 224.016844, "fair_value": 275.979281, "relative_strength": -38.700798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.669734, "energy": 61.393372, "activity_lines": [ 169.752941, 171.266798, 180.881651, 199.415451 ] }, { "date": "2025-11-14", "close": 168.144302, "volume": 6081086, "typical_volume": 5170828.85, "trend": 220.927336, "fair_value": 275.20836, "relative_strength": -37.24834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.177603, "energy": 56.287735, "activity_lines": [ 169.235912, 170.517097, 178.035148, 195.810771 ] }, { "date": "2025-11-21", "close": 170.343567, "volume": 5379026, "typical_volume": 5287631.35, "trend": 217.611331, "fair_value": 274.404166, "relative_strength": -34.39023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.727138, "energy": 53.771655, "activity_lines": [ 169.557169, 170.308628, 175.915855, 192.547302 ] }, { "date": "2025-11-28", "close": 179.740463, "volume": 6544454, "typical_volume": 5482265.4, "trend": 214.058916, "fair_value": 273.70758, "relative_strength": -31.09771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.55909, "energy": 40.813621, "activity_lines": [ 172.449544, 171.844641, 175.141673, 190.10402 ] }, { "date": "2025-12-05", "close": 174.542191, "volume": 4128515, "typical_volume": 5552741.9, "trend": 210.31657, "fair_value": 273.028885, "relative_strength": -31.702417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.865933, "energy": 33.374505, "activity_lines": [ 173.715793, 172.336962, 174.242139, 187.554554 ] }, { "date": "2025-12-12", "close": 177.941071, "volume": 5095889, "typical_volume": 5170237.15, "trend": 206.570929, "fair_value": 272.406545, "relative_strength": -29.296172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.631407, "energy": 24.084723, "activity_lines": [ 175.728463, 173.3778, 174.089342, 185.465812 ] }, { "date": "2025-12-19", "close": 179.940399, "volume": 3749836, "typical_volume": 4964677.75, "trend": 203.141768, "fair_value": 271.784218, "relative_strength": -29.363214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.533585, "energy": 15.740363, "activity_lines": [ 177.661156, 174.836263, 174.276782, 183.747713 ] }, { "date": "2025-12-26", "close": 180.740143, "volume": 1110190, "typical_volume": 4889005.6, "trend": 199.855857, "fair_value": 271.193904, "relative_strength": -27.928456, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.38278, "energy": 13.562221, "activity_lines": [ 179.074025, 176.25435, 174.654512, 182.302447 ] }, { "date": "2026-01-02", "close": 177.141327, "volume": 1363998, "typical_volume": 4663635.05, "trend": 196.73137, "fair_value": 270.364148, "relative_strength": -29.036689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.363529, "energy": 12.373972, "activity_lines": [ 178.594182, 176.676028, 174.811714, 180.836993 ] }, { "date": "2026-01-09", "close": 177.341263, "volume": 8307619, "typical_volume": 4858126.45, "trend": 193.696843, "fair_value": 269.43453, "relative_strength": -29.460375, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.791425, "energy": 10.329687, "activity_lines": [ 178.354261, 177.210397, 175.044967, 179.586019 ] }, { "date": "2026-01-16", "close": 177.341263, "volume": 7094299, "typical_volume": 4944972.4, "trend": 190.795587, "fair_value": 268.449858, "relative_strength": -29.533732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.053303, "energy": 9.209237, "activity_lines": [ 177.927736, 177.588454, 175.329518, 178.53082 ] }, { "date": "2026-01-23", "close": 162.746094, "volume": 10672664, "typical_volume": 5278800.65, "trend": 186.99135, "fair_value": 267.293529, "relative_strength": -34.099038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.948489, "energy": 31.08843, "activity_lines": [ 172.676141, 175.12018, 174.229657, 176.721175 ] }, { "date": "2026-01-30", "close": 156.348206, "volume": 4864252, "typical_volume": 5264211.5, "trend": 183.373667, "fair_value": 266.010406, "relative_strength": -36.443925, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.855425, "energy": 59.192423, "activity_lines": [ 166.438203, 171.586803, 172.583204, 174.744198 ] }, { "date": "2026-02-06", "close": 172.142975, "volume": 12888428, "typical_volume": 5641952.7, "trend": 180.532362, "fair_value": 264.918154, "relative_strength": -30.271408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.29063, "energy": 48.634093, "activity_lines": [ 167.091318, 171.179664, 172.517077, 174.019638 ] }, { "date": "2026-02-13", "close": 177.941071, "volume": 6194897, "typical_volume": 5827823.5, "trend": 177.684419, "fair_value": 263.887395, "relative_strength": -27.722019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.643674, "energy": 32.110206, "activity_lines": [ 170.010355, 171.96486, 173.013516, 173.852457 ] }, { "date": "2026-02-20", "close": 176.941391, "volume": 5757660, "typical_volume": 5885677.6, "trend": 176.602329, "fair_value": 262.873273, "relative_strength": -29.063892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.018763, "energy": 13.975211, "activity_lines": [ 172.556178, 172.506498, 173.38037, 173.80452 ] }, { "date": "2026-02-27", "close": 179.740463, "volume": 4603012, "typical_volume": 5887415.0, "trend": 175.79679, "fair_value": 261.895019, "relative_strength": -28.754763, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.679364, "energy": 15.456332, "activity_lines": [ 176.061683, 173.575234, 174.032735, 174.00698 ] }, { "date": "2026-03-13", "close": 142.352844, "volume": 6225787, "typical_volume": 5926390.4, "trend": 173.661702, "fair_value": 260.847381, "relative_strength": -39.247121, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.764566, "energy": 33.021419, "activity_lines": [ 165.971691, 167.849857, 171.076668, 171.849307 ] }, { "date": "2026-03-20", "close": 141.35318, "volume": 8795301, "typical_volume": 6102926.5, "trend": 172.069696, "fair_value": 259.763889, "relative_strength": -36.846839, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.137695, "energy": 68.171204, "activity_lines": [ 156.481501, 162.640673, 168.1186, 169.764886 ] }, { "date": "2026-03-27", "close": 140.953308, "volume": 4549707, "typical_volume": 6133075.55, "trend": 170.497678, "fair_value": 258.758493, "relative_strength": -36.569549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.584541, "energy": 76.935681, "activity_lines": [ 148.910674, 158.009479, 165.312863, 167.757377 ] }, { "date": "2026-04-03", "close": 143.752396, "volume": 5110397, "typical_volume": 5925850.85, "trend": 169.338816, "fair_value": 257.675016, "relative_strength": -37.411705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.416895, "energy": 77.815463, "activity_lines": [ 144.738727, 154.54881, 162.906042, 166.031875 ] }, { "date": "2026-04-10", "close": 145.651749, "volume": 7999230, "typical_volume": 6021758.05, "trend": 168.329894, "fair_value": 256.683094, "relative_strength": -36.676302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.818177, "energy": 73.864667, "activity_lines": [ 143.412497, 152.044183, 160.789599, 164.503677 ] }, { "date": "2026-04-17", "close": 153.249252, "volume": 7373755, "typical_volume": 6121494.5, "trend": 167.694166, "fair_value": 255.574713, "relative_strength": -32.786828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.636026, "energy": 49.335383, "activity_lines": [ 146.891349, 151.231728, 159.503836, 163.530732 ] }, { "date": "2026-04-24", "close": 136.054947, "volume": 6352319, "typical_volume": 6111887.75, "trend": 166.418659, "fair_value": 254.452136, "relative_strength": -37.636423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.866525, "energy": 47.007831, "activity_lines": [ 143.912339, 147.349379, 156.661921, 161.489492 ] }, { "date": "2026-05-01", "close": 130.456787, "volume": 4628572, "typical_volume": 6136890.6, "trend": 165.076491, "fair_value": 253.364091, "relative_strength": -39.028339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.244133, "energy": 51.192688, "activity_lines": [ 139.420492, 143.10533, 153.494874, 159.169372 ] }, { "date": "2026-05-08", "close": 133.455795, "volume": 6392904, "typical_volume": 6201741.35, "trend": 163.494446, "fair_value": 252.311914, "relative_strength": -35.614055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.475464, "energy": 49.580271, "activity_lines": [ 136.628081, 140.269905, 150.823378, 157.129327 ] }, { "date": "2026-05-15", "close": 133.655731, "volume": 10350367, "typical_volume": 6531767.9, "trend": 162.292228, "fair_value": 251.313511, "relative_strength": -33.999789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.50915, "energy": 62.685314, "activity_lines": [ 134.588756, 138.261479, 148.382758, 155.204248 ] }, { "date": "2026-05-22", "close": 134.955307, "volume": 6159887, "typical_volume": 6784252.75, "trend": 161.39321, "fair_value": 250.263265, "relative_strength": -33.766173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.290164, "energy": 60.290589, "activity_lines": [ 133.782358, 137.327244, 146.28631, 153.440576 ] }, { "date": "2026-05-29", "close": 140.953308, "volume": 17055694, "typical_volume": 7568837.55, "trend": 160.046989, "fair_value": 249.286035, "relative_strength": -29.120382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.69196, "energy": 41.318604, "activity_lines": [ 136.194889, 137.618056, 144.979123, 152.121873 ] }, { "date": "2026-06-05", "close": 130.9, "volume": 958835, "typical_volume": 7201398.35, "trend": 158.785519, "fair_value": 248.21301, "relative_strength": -32.61074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.37686, "energy": 41.62369, "activity_lines": [ 134.929761, 136.088263, 142.886803, 150.241422 ] }, { "date": "2026-06-12", "close": 134.8, "volume": 2526066, "typical_volume": 6972986.7, "trend": 157.720693, "fair_value": 247.197002, "relative_strength": -30.012462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.084227, "energy": 39.434498, "activity_lines": [ 134.935085, 135.450349, 141.38706, 148.693969 ] }, { "date": "2026-06-19", "close": 142.2, "volume": 8070817, "typical_volume": 6842894.35, "trend": 156.855883, "fair_value": 246.430785, "relative_strength": -24.080364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.102592, "energy": 29.178206, "activity_lines": [ 137.317462, 136.320661, 140.794656, 147.692634 ] }, { "date": "2026-06-26", "close": 151.7, "volume": 681476, "typical_volume": 6633755.55, "trend": 156.234431, "fair_value": 245.870188, "relative_strength": -18.76727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.237696, "energy": 15.945921, "activity_lines": [ 142.296887, 138.981004, 141.204852, 147.359996 ] }, { "date": "2026-07-03", "close": 152.0, "volume": 762484, "typical_volume": 6027458.35, "trend": 155.309749, "fair_value": 245.30383, "relative_strength": -18.388066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.336919, "energy": 14.116612, "activity_lines": [ 146.26, 141.724061, 141.665755, 147.086807 ] }, { "date": "2026-07-10", "close": 144.9, "volume": 6109573, "typical_volume": 6023192.15, "trend": 154.321676, "fair_value": 244.717573, "relative_strength": -19.412403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.813706, "energy": 19.756985, "activity_lines": [ 147.12, 142.886298, 141.546386, 146.41521 ] }, { "date": "2026-07-17", "close": 149.4, "volume": 3905974, "typical_volume": 5930607.85, "trend": 153.370307, "fair_value": 244.03209, "relative_strength": -16.337754, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.218121, "energy": 19.037985, "activity_lines": [ 148.546667, 144.604114, 142.012926, 146.097683 ] }, { "date": "2026-07-24", "close": 151.0, "volume": 4221128, "typical_volume": 5911513.65, "trend": 152.405627, "fair_value": 243.256966, "relative_strength": -15.034563, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.622807, "energy": 18.137989, "activity_lines": [ 149.533333, 146.322944, 142.762997, 145.94476 ] }, { "date": "2026-07-31", "close": 161.8, "volume": 5364220, "typical_volume": 5868435.3, "trend": 151.774289, "fair_value": 242.525459, "relative_strength": -9.21104, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.517817, "energy": 48.306694, "activity_lines": [ 153.533333, 149.69006, 144.678499, 146.550849 ] }, { "date": "2026-08-07", "close": 181.4, "volume": 7085961, "typical_volume": 5782968.3, "trend": 151.916244, "fair_value": 241.942645, "relative_strength": 2.179085, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.853208, "energy": 70.674469, "activity_lines": [ 163.393333, 156.132727, 148.368062, 148.462185 ] } ], "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." } } }