{ "ticker": { "uuid": "57ce5125-74a9-4337-a53c-b446ffb1819e", "symbol": "THAL", "name": "Thales S.A.", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 89.581, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 40.448, "architecture_energy": 39.979, "architecture_maturity": 12.456, "architecture_confidence": 73.638, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 41.78, "rotation_up": 65.09, "upward_expansion": 43.18, "deceleration": 29.19, "rotation_down": 19.79, "downward_expansion": 22.85 }, "activity_lines": [ 246.526669, 239.03091, 236.258362, 238.203736 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 267.0, "trend_reference": 241.475464, "distance_from_trend": 0.105702, "trend_direction": "Improving", "fair_value": 188.649723, "distance_from_fair_value": 0.415321, "fair_value_direction": "Improving", "relative_strength": -9.502374, "relative_strength_direction": "Improving", "price_momentum": 0.073439, "excess_performance": -0.100808, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.105702, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.0059, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.415321, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.158372, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.095024, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.117911, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.073439, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.338346, "read": "Demand-led" } ], "volume": { "latest": 20, "relative_activity": 0.541272, "balance": 1.338346, "dry_up": 0.845737, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.052259, "annualized_volatility": 0.412824, "from_high_reference": -0.026215, "from_low_reference": 0.247081 }, "levels": { "trend_reference": 241.475464, "fair_value_reference": 188.649723, "structural_low": 214.100006, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": 0.00337, "positive_rate": 0.5625, "directional_follow_through": 0.5625, "median_excess_return": -0.021104, "regime_survival": 0.625, "best_return": 0.154704, "worst_return": -0.093701, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.065401, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": -0.016792, "regime_survival": 0.166667, "best_return": 0.205806, "worst_return": -0.119193, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.119297, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.029228, "regime_survival": 0.2, "best_return": 0.704462, "worst_return": -0.079823, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.122301, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.086279, "regime_survival": 0.0, "best_return": 0.197974, "worst_return": 0.046629, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2024-12-06", "tenure": "New", "return": 0.016018, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-01-24", "tenure": "Developing", "return": 0.098774, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.064123, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-06-27", "tenure": "Established", "return": 0.374645, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-04", "end": "2025-08-29", "tenure": "Developing", "return": -0.067601, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-05", "end": "2025-09-19", "tenure": "New", "return": 0.101294, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-28", "tenure": "Developing", "return": -0.131053, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-01-02", "tenure": "Developing", "return": 0.031816, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": -0.04616, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-04-24", "tenure": "Established", "return": -0.067037, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": -0.016323, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-06-19", "tenure": "Developing", "return": 0.071347, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": 0.086215, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.084044, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 121.466919, "volume": 0, "typical_volume": 1.45, "trend": 124.579007, "fair_value": 93.280231, "relative_strength": 3.5145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -7.445714, "energy": 8.561312, "activity_lines": [ 126.248114, 126.809044, 127.002334, 126.612897 ] }, { "date": "2023-08-25", "close": 126.002449, "volume": 76, "typical_volume": 5.25, "trend": 125.169902, "fair_value": 93.492713, "relative_strength": 7.919722, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.570922, "energy": 12.044407, "activity_lines": [ 125.84181, 126.663015, 126.854786, 126.704732 ] }, { "date": "2023-09-01", "close": 126.805626, "volume": 0, "typical_volume": 5.25, "trend": 125.753477, "fair_value": 93.707635, "relative_strength": 6.055216, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.97389, "energy": 8.566949, "activity_lines": [ 126.015048, 126.63553, 126.781892, 126.810263 ] }, { "date": "2023-09-08", "close": 129.120621, "volume": 22, "typical_volume": 6.35, "trend": 126.40492, "fair_value": 93.934641, "relative_strength": 8.665985, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.054222, "energy": 16.798947, "activity_lines": [ 126.944201, 127.046992, 126.944842, 127.027498 ] }, { "date": "2023-09-15", "close": 132.474991, "volume": 0, "typical_volume": 6.35, "trend": 126.830347, "fair_value": 94.400839, "relative_strength": 9.810022, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.442744, "energy": 44.50343, "activity_lines": [ 128.849742, 128.006491, 127.447098, 127.419116 ] }, { "date": "2023-09-22", "close": 131.671844, "volume": 0, "typical_volume": 6.35, "trend": 127.193361, "fair_value": 94.893126, "relative_strength": 9.71982, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.559502, "energy": 60.706424, "activity_lines": [ 130.348983, 128.715166, 127.865662, 127.73147 ] }, { "date": "2023-09-29", "close": 125.860695, "volume": 0, "typical_volume": 6.35, "trend": 127.235595, "fair_value": 95.336392, "relative_strength": 4.516305, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.509451, "energy": 37.682956, "activity_lines": [ 129.230846, 128.286522, 127.711468, 127.645492 ] }, { "date": "2023-10-06", "close": 121.655899, "volume": 0, "typical_volume": 6.35, "trend": 127.244598, "fair_value": 95.738443, "relative_strength": 2.520452, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.964309, "energy": 15.876553, "activity_lines": [ 126.720561, 127.180989, 127.168494, 127.285511 ] }, { "date": "2023-10-13", "close": 126.04969, "volume": 76, "typical_volume": 10.15, "trend": 127.396961, "fair_value": 96.174545, "relative_strength": 5.152749, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.621975, "energy": 25.533815, "activity_lines": [ 126.018187, 126.963662, 127.081653, 127.20842 ] }, { "date": "2023-10-20", "close": 133.986847, "volume": 0, "typical_volume": 10.15, "trend": 127.675976, "fair_value": 96.672957, "relative_strength": 15.651227, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.951177, "energy": 14.989976, "activity_lines": [ 128.166262, 128.206635, 127.77143, 127.633574 ] }, { "date": "2023-10-27", "close": 133.986847, "volume": 0, "typical_volume": 10.15, "trend": 127.95499, "fair_value": 97.215735, "relative_strength": 15.962544, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.003007, "energy": 40.126851, "activity_lines": [ 130.213546, 129.384324, 128.413287, 128.040727 ] }, { "date": "2023-11-03", "close": 130.01828, "volume": 0, "typical_volume": 10.15, "trend": 128.101719, "fair_value": 97.691651, "relative_strength": 6.501637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.04798, "energy": 52.942181, "activity_lines": [ 130.783641, 129.61282, 128.626116, 128.173843 ] }, { "date": "2023-11-10", "close": 130.254501, "volume": 0, "typical_volume": 10.15, "trend": 128.109102, "fair_value": 98.100833, "relative_strength": 5.688402, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.30386, "energy": 56.403076, "activity_lines": [ 131.155303, 129.811251, 128.835119, 128.312732 ] }, { "date": "2023-11-17", "close": 129.687546, "volume": 80, "typical_volume": 13.05, "trend": 127.98911, "fair_value": 98.47933, "relative_strength": 2.650464, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.010153, "energy": 52.775759, "activity_lines": [ 130.764741, 129.843891, 128.978428, 128.414567 ] }, { "date": "2023-11-24", "close": 133.372665, "volume": 0, "typical_volume": 13.05, "trend": 128.069439, "fair_value": 98.881564, "relative_strength": 5.905079, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.698946, "energy": 45.824668, "activity_lines": [ 131.360028, 130.536246, 129.453803, 128.761893 ] }, { "date": "2023-12-01", "close": 132.049789, "volume": 0, "typical_volume": 13.05, "trend": 128.217249, "fair_value": 99.265229, "relative_strength": 2.625592, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.037439, "energy": 35.195511, "activity_lines": [ 131.555302, 130.971757, 129.771468, 129.01869 ] }, { "date": "2023-12-08", "close": 129.67395, "volume": 0, "typical_volume": 13.05, "trend": 128.262618, "fair_value": 99.657327, "relative_strength": 0.471622, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.445767, "energy": 27.554003, "activity_lines": [ 131.087766, 130.968425, 129.839915, 129.112671 ] }, { "date": "2023-12-15", "close": 128.248428, "volume": 0, "typical_volume": 12.7, "trend": 128.218629, "fair_value": 100.056557, "relative_strength": -2.184134, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.907291, "energy": 17.080961, "activity_lines": [ 130.168012, 130.636575, 129.777388, 129.111755 ] }, { "date": "2023-12-22", "close": 127.868301, "volume": 0, "typical_volume": 12.7, "trend": 128.134365, "fair_value": 100.444363, "relative_strength": -3.612795, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.856312, "energy": 12.976043, "activity_lines": [ 129.255287, 130.115747, 129.670662, 129.089153 ] }, { "date": "2023-12-29", "close": 127.67823, "volume": 0, "typical_volume": 12.7, "trend": 128.259517, "fair_value": 100.83095, "relative_strength": -4.598795, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.528259, "energy": 15.064177, "activity_lines": [ 128.400488, 129.527295, 129.541674, 129.059725 ] }, { "date": "2024-01-05", "close": 130.434219, "volume": 0, "typical_volume": 12.7, "trend": 128.498584, "fair_value": 101.23873, "relative_strength": -2.592981, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.813658, "energy": 16.770449, "activity_lines": [ 128.843982, 129.554634, 129.688104, 129.200029 ] }, { "date": "2024-01-12", "close": 133.332764, "volume": 0, "typical_volume": 8.9, "trend": 128.793322, "fair_value": 101.661109, "relative_strength": 0.227462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.039097, "energy": 23.33342, "activity_lines": [ 130.361361, 130.173575, 130.067884, 129.511911 ] }, { "date": "2024-01-19", "close": 129.768997, "volume": 0, "typical_volume": 8.9, "trend": 128.859031, "fair_value": 102.064739, "relative_strength": -1.159426, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.021662, "energy": 23.521604, "activity_lines": [ 130.446897, 130.084294, 130.073352, 129.574858 ] }, { "date": "2024-01-26", "close": 128.961182, "volume": 5, "typical_volume": 8.05, "trend": 128.967104, "fair_value": 102.469561, "relative_strength": -5.177602, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.649711, "energy": 17.983896, "activity_lines": [ 130.161791, 129.856966, 129.987773, 129.581449 ] }, { "date": "2024-02-02", "close": 129.768997, "volume": 4, "typical_volume": 8.25, "trend": 129.069033, "fair_value": 102.859653, "relative_strength": -4.424405, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.556434, "energy": 17.812494, "activity_lines": [ 130.073097, 129.78972, 129.979889, 129.633184 ] }, { "date": "2024-02-09", "close": 128.295975, "volume": 8, "typical_volume": 8.65, "trend": 129.104538, "fair_value": 103.238481, "relative_strength": -3.507222, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.354184, "energy": 8.086715, "activity_lines": [ 129.354011, 129.520172, 129.844602, 129.583309 ] }, { "date": "2024-02-16", "close": 133.190201, "volume": 0, "typical_volume": 8.65, "trend": 129.188221, "fair_value": 103.655509, "relative_strength": -1.46323, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.606216, "energy": 22.532838, "activity_lines": [ 130.408884, 130.208735, 130.191508, 129.8469 ] }, { "date": "2024-02-23", "close": 127.773262, "volume": 7, "typical_volume": 9.0, "trend": 129.228351, "fair_value": 104.027233, "relative_strength": -4.988586, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.276662, "energy": 2.065773, "activity_lines": [ 129.667614, 129.848468, 129.987613, 129.755612 ] }, { "date": "2024-03-01", "close": 130.386703, "volume": 0, "typical_volume": 5.2, "trend": 129.341421, "fair_value": 104.411841, "relative_strength": -3.024902, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.035647, "energy": 8.101005, "activity_lines": [ 129.930541, 129.972012, 130.003486, 129.830345 ] }, { "date": "2024-03-08", "close": 129.531403, "volume": 0, "typical_volume": 5.2, "trend": 129.312594, "fair_value": 104.765142, "relative_strength": -3.804507, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.657485, "energy": 8.664047, "activity_lines": [ 129.813333, 129.894257, 129.91725, 129.842602 ] }, { "date": "2024-03-15", "close": 135.471039, "volume": 0, "typical_volume": 5.2, "trend": 129.779398, "fair_value": 105.163684, "relative_strength": -0.365929, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.508603, "energy": 44.195002, "activity_lines": [ 131.691843, 130.862743, 130.417909, 130.239921 ] }, { "date": "2024-03-22", "close": 147.540344, "volume": 0, "typical_volume": 5.2, "trend": 130.497328, "fair_value": 105.637432, "relative_strength": 5.710083, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.406268, "energy": 84.262229, "activity_lines": [ 137.115117, 133.934068, 132.060959, 131.385788 ] }, { "date": "2024-03-29", "close": 153.955154, "volume": 1, "typical_volume": 5.25, "trend": 131.402312, "fair_value": 106.125338, "relative_strength": 8.939681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.352249, "energy": 96.367279, "activity_lines": [ 143.719985, 137.913404, 134.231505, 132.899196 ] }, { "date": "2024-04-05", "close": 150.581436, "volume": 0, "typical_volume": 1.25, "trend": 132.117673, "fair_value": 106.602653, "relative_strength": 5.483883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.446061, "energy": 93.604548, "activity_lines": [ 147.454821, 140.839587, 135.967884, 134.136559 ] }, { "date": "2024-04-12", "close": 149.250977, "volume": 45, "typical_volume": 3.5, "trend": 132.676872, "fair_value": 107.070529, "relative_strength": 4.794217, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.80023, "energy": 87.834441, "activity_lines": [ 149.399855, 143.130774, 137.478057, 135.241934 ] }, { "date": "2024-04-19", "close": 146.922638, "volume": 0, "typical_volume": 3.5, "trend": 133.185232, "fair_value": 107.521659, "relative_strength": 3.650405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.826263, "energy": 87.525157, "activity_lines": [ 149.254137, 144.644408, 138.690874, 136.161015 ] }, { "date": "2024-04-26", "close": 150.011246, "volume": 25, "typical_volume": 4.75, "trend": 133.99025, "fair_value": 108.001576, "relative_strength": 5.387033, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.973325, "energy": 66.670712, "activity_lines": [ 149.374516, 146.380941, 140.12702, 137.246565 ] }, { "date": "2024-05-03", "close": 151.674332, "volume": 0, "typical_volume": 4.75, "trend": 134.990865, "fair_value": 108.48601, "relative_strength": 5.159824, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.956787, "energy": 65.451914, "activity_lines": [ 149.88453, 148.114016, 141.624711, 138.387473 ] }, { "date": "2024-05-10", "close": 159.562134, "volume": 0, "typical_volume": 4.75, "trend": 136.107946, "fair_value": 109.017481, "relative_strength": 7.611039, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.931877, "energy": 71.396042, "activity_lines": [ 153.175866, 150.846672, 143.76207, 139.972716 ] }, { "date": "2024-05-17", "close": 158.659317, "volume": 40, "typical_volume": 6.75, "trend": 136.930362, "fair_value": 109.554607, "relative_strength": 5.111799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.038786, "energy": 70.323597, "activity_lines": [ 155.56755, 152.884716, 145.662523, 141.427643 ] }, { "date": "2024-05-24", "close": 161.357788, "volume": 0, "typical_volume": 6.75, "trend": 137.842727, "fair_value": 110.101286, "relative_strength": 6.951651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.435116, "energy": 88.070431, "activity_lines": [ 158.231501, 154.883794, 147.672444, 143.003606 ] }, { "date": "2024-05-31", "close": 159.620193, "volume": 0, "typical_volume": 6.75, "trend": 138.829457, "fair_value": 110.635441, "relative_strength": 7.291033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.435171, "energy": 85.67846, "activity_lines": [ 159.353911, 156.096277, 149.369624, 144.408604 ] }, { "date": "2024-06-07", "close": 166.232803, "volume": 3, "typical_volume": 6.9, "trend": 140.028734, "fair_value": 111.203314, "relative_strength": 12.297584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.880853, "energy": 87.209459, "activity_lines": [ 162.039928, 158.291419, 151.571399, 146.176562 ] }, { "date": "2024-06-14", "close": 154.552124, "volume": 0, "typical_volume": 6.65, "trend": 140.857553, "fair_value": 111.697005, "relative_strength": 7.838991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.656971, "energy": 61.204919, "activity_lines": [ 159.86182, 158.139571, 152.487092, 147.113555 ] }, { "date": "2024-06-21", "close": 153.345428, "volume": 4, "typical_volume": 6.65, "trend": 141.523312, "fair_value": 112.183192, "relative_strength": 5.250484, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.023784, "energy": 47.175723, "activity_lines": [ 157.615481, 157.69613, 153.165999, 147.919224 ] }, { "date": "2024-06-28", "close": 145.477829, "volume": 0, "typical_volume": 6.25, "trend": 141.970913, "fair_value": 112.612704, "relative_strength": -0.665345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.20614, "energy": 22.365739, "activity_lines": [ 153.100869, 155.747772, 152.983342, 148.174354 ] }, { "date": "2024-07-05", "close": 151.125122, "volume": 0, "typical_volume": 6.25, "trend": 142.685952, "fair_value": 113.062697, "relative_strength": 0.429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.002792, "energy": 29.813084, "activity_lines": [ 151.527351, 154.852463, 153.256704, 148.764949 ] }, { "date": "2024-07-12", "close": 148.036026, "volume": 66, "typical_volume": 9.2, "trend": 143.345539, "fair_value": 113.504908, "relative_strength": -1.549816, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.695022, "energy": 25.464473, "activity_lines": [ 149.490472, 153.375248, 153.150463, 149.110115 ] }, { "date": "2024-07-19", "close": 148.132538, "volume": 0, "typical_volume": 9.2, "trend": 144.021013, "fair_value": 113.937567, "relative_strength": -0.543604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.971503, "energy": 21.918163, "activity_lines": [ 148.698883, 151.981732, 152.956923, 149.418953 ] }, { "date": "2024-07-26", "close": 139.251343, "volume": 0, "typical_volume": 9.2, "trend": 144.406784, "fair_value": 114.31815, "relative_strength": -6.440393, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -21.986702, "energy": 31.554031, "activity_lines": [ 145.374868, 149.181264, 151.833052, 149.111233 ] }, { "date": "2024-08-02", "close": 138.961731, "volume": 0, "typical_volume": 9.2, "trend": 144.691034, "fair_value": 114.699072, "relative_strength": -2.793824, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.728118, "energy": 51.705666, "activity_lines": [ 142.893921, 146.681012, 150.635313, 148.759939 ] }, { "date": "2024-08-09", "close": 141.95433, "volume": 64, "typical_volume": 12.4, "trend": 144.97842, "fair_value": 115.10461, "relative_strength": -1.585425, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.732418, "energy": 55.085175, "activity_lines": [ 141.844914, 145.132069, 149.705961, 148.583377 ] }, { "date": "2024-08-16", "close": 144.271164, "volume": 0, "typical_volume": 12.35, "trend": 145.461825, "fair_value": 115.543957, "relative_strength": -1.830962, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.339448, "energy": 49.45126, "activity_lines": [ 142.17957, 144.325567, 149.02386, 148.537748 ] }, { "date": "2024-08-23", "close": 143.016205, "volume": 0, "typical_volume": 12.35, "trend": 145.930326, "fair_value": 115.962081, "relative_strength": -4.243818, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.831349, "energy": 33.123362, "activity_lines": [ 142.346898, 143.690192, 148.268353, 148.379966 ] }, { "date": "2024-08-30", "close": 147.746414, "volume": 0, "typical_volume": 10.1, "trend": 146.529573, "fair_value": 116.410759, "relative_strength": -2.127521, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.422778, "energy": 15.96254, "activity_lines": [ 144.432052, 144.1246, 147.999368, 148.497133 ] }, { "date": "2024-09-06", "close": 142.243942, "volume": 0, "typical_volume": 10.1, "trend": 146.994506, "fair_value": 116.841734, "relative_strength": -1.799869, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.193169, "energy": 15.052525, "activity_lines": [ 144.116709, 143.660359, 147.213501, 148.220641 ] }, { "date": "2024-09-13", "close": 142.630066, "volume": 0, "typical_volume": 8.85, "trend": 147.309168, "fair_value": 117.287436, "relative_strength": -2.022757, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.663836, "energy": 16.225945, "activity_lines": [ 143.711261, 143.32512, 146.486689, 147.939064 ] }, { "date": "2024-09-20", "close": 143.643661, "volume": 0, "typical_volume": 8.85, "trend": 147.838181, "fair_value": 117.72588, "relative_strength": -1.581362, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.99467, "energy": 23.63947, "activity_lines": [ 143.598629, 143.328626, 145.891557, 147.702579 ] }, { "date": "2024-09-27", "close": 140.554581, "volume": 0, "typical_volume": 8.85, "trend": 148.17711, "fair_value": 118.135045, "relative_strength": -4.498004, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.541934, "energy": 46.098516, "activity_lines": [ 142.498136, 142.850343, 145.040469, 147.23267 ] }, { "date": "2024-10-04", "close": 141.857788, "volume": 8, "typical_volume": 7.25, "trend": 148.58799, "fair_value": 118.554644, "relative_strength": -2.595872, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.096839, "energy": 41.644481, "activity_lines": [ 141.996155, 142.746787, 144.404008, 146.824972 ] }, { "date": "2024-10-11", "close": 141.761246, "volume": 0, "typical_volume": 7.25, "trend": 148.797663, "fair_value": 118.981253, "relative_strength": -2.772814, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.029534, "energy": 34.560464, "activity_lines": [ 141.854568, 142.578288, 143.838359, 146.384537 ] }, { "date": "2024-10-18", "close": 148.373871, "volume": 30, "typical_volume": 8.75, "trend": 148.825448, "fair_value": 119.459498, "relative_strength": 1.564488, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.835043, "energy": 17.433144, "activity_lines": [ 143.949368, 143.561185, 143.995802, 146.357195 ] }, { "date": "2024-10-25", "close": 147.505081, "volume": 0, "typical_volume": 8.6, "trend": 148.610445, "fair_value": 119.943848, "relative_strength": 2.373763, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.569311, "energy": 11.546641, "activity_lines": [ 145.371652, 144.269401, 144.124056, 146.27201 ] }, { "date": "2024-11-01", "close": 144.609039, "volume": 45, "typical_volume": 10.85, "trend": 148.411365, "fair_value": 120.384088, "relative_strength": 1.907, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.877615, "energy": 14.542941, "activity_lines": [ 145.571161, 144.392265, 144.065676, 146.013855 ] }, { "date": "2024-11-08", "close": 154.552124, "volume": 0, "typical_volume": 10.65, "trend": 148.58807, "fair_value": 120.904942, "relative_strength": 8.10387, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.323875, "energy": 30.187556, "activity_lines": [ 148.814734, 146.294002, 145.001605, 146.410033 ] }, { "date": "2024-11-15", "close": 147.408524, "volume": 0, "typical_volume": 10.65, "trend": 148.604266, "fair_value": 121.395955, "relative_strength": 2.850912, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 12.721272, "energy": 22.724208, "activity_lines": [ 148.830818, 146.773163, 145.251445, 146.333933 ] }, { "date": "2024-11-22", "close": 140.071915, "volume": 5, "typical_volume": 10.9, "trend": 148.272955, "fair_value": 121.865252, "relative_strength": -1.562933, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -26.980137, "energy": 13.406458, "activity_lines": [ 146.02488, 145.824494, 144.793367, 145.783459 ] }, { "date": "2024-11-29", "close": 136.017426, "volume": 64, "typical_volume": 10.8, "trend": 147.751058, "fair_value": 122.313183, "relative_strength": -4.528023, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.301574, "energy": 25.227525, "activity_lines": [ 142.42091, 144.185156, 144.001781, 144.99278 ] }, { "date": "2024-12-06", "close": 138.196152, "volume": 0, "typical_volume": 10.8, "trend": 147.038859, "fair_value": 122.773637, "relative_strength": -4.179063, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.469254, "energy": 40.269758, "activity_lines": [ 140.309025, 143.080609, 143.474924, 144.376334 ] }, { "date": "2024-12-13", "close": 134.699982, "volume": 10, "typical_volume": 11.3, "trend": 146.240215, "fair_value": 123.213776, "relative_strength": -8.196279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.580025, "energy": 62.146053, "activity_lines": [ 137.459277, 141.383275, 142.662414, 143.580277 ] }, { "date": "2024-12-20", "close": 131.543701, "volume": 0, "typical_volume": 11.3, "trend": 145.246412, "fair_value": 123.62075, "relative_strength": -8.853578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.24267, "energy": 75.605109, "activity_lines": [ 134.88091, 139.242215, 141.57098, 142.632115 ] }, { "date": "2024-12-27", "close": 133.631699, "volume": 0, "typical_volume": 8.1, "trend": 144.380128, "fair_value": 124.039593, "relative_strength": -8.435108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.670031, "energy": 71.307678, "activity_lines": [ 134.056198, 137.666563, 140.713727, 141.882779 ] }, { "date": "2025-01-03", "close": 133.291794, "volume": 51, "typical_volume": 10.65, "trend": 143.282095, "fair_value": 124.442624, "relative_strength": -9.111655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.077432, "energy": 71.847836, "activity_lines": [ 133.547532, 136.29715, 139.863733, 141.167403 ] }, { "date": "2025-01-10", "close": 140.624069, "volume": 0, "typical_volume": 10.65, "trend": 142.817826, "fair_value": 124.874013, "relative_strength": -4.096216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.023755, "energy": 41.515121, "activity_lines": [ 135.664667, 136.519302, 139.764334, 140.995917 ] }, { "date": "2025-01-17", "close": 144.508682, "volume": 0, "typical_volume": 10.65, "trend": 142.523268, "fair_value": 125.322148, "relative_strength": -4.783245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.228277, "energy": 14.930522, "activity_lines": [ 138.914811, 137.520201, 140.046289, 141.105004 ] }, { "date": "2025-01-24", "close": 148.004868, "volume": 73, "typical_volume": 14.3, "trend": 142.607503, "fair_value": 125.794908, "relative_strength": -4.174501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 12.822817, "energy": 20.355016, "activity_lines": [ 142.676437, 139.339378, 140.676632, 141.458656 ] }, { "date": "2025-01-31", "close": 151.452484, "volume": 0, "typical_volume": 14.3, "trend": 142.618415, "fair_value": 126.308994, "relative_strength": -2.497724, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.738898, "energy": 37.904241, "activity_lines": [ 146.489858, 141.774551, 141.607886, 142.0293 ] }, { "date": "2025-02-07", "close": 152.617889, "volume": 82, "typical_volume": 18.4, "trend": 142.771144, "fair_value": 126.798973, "relative_strength": -2.182705, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.75322, "energy": 59.476533, "activity_lines": [ 149.503695, 144.214698, 142.60812, 142.674427 ] }, { "date": "2025-02-14", "close": 161.164093, "volume": 8, "typical_volume": 18.8, "trend": 143.205529, "fair_value": 127.341521, "relative_strength": -1.893359, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.625013, "energy": 91.988385, "activity_lines": [ 154.077859, 147.906872, 144.379543, 143.861069 ] }, { "date": "2025-02-21", "close": 175.877197, "volume": 71, "typical_volume": 21.95, "trend": 144.426391, "fair_value": 127.935622, "relative_strength": 7.69612, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.093074, "energy": 98.824879, "activity_lines": [ 162.187057, 153.856558, 147.454074, 145.968919 ] }, { "date": "2025-02-28", "close": 187.094086, "volume": 8, "typical_volume": 22.35, "trend": 146.030802, "fair_value": 128.504271, "relative_strength": 11.479538, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.549173, "energy": 99.331743, "activity_lines": [ 171.943984, 161.097001, 151.434883, 148.721673 ] }, { "date": "2025-03-07", "close": 232.787201, "volume": 687, "typical_volume": 55.2, "trend": 149.058565, "fair_value": 129.343687, "relative_strength": 33.083858, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.662381, "energy": 99.718669, "activity_lines": [ 194.326001, 175.635277, 159.551547, 154.31886 ] }, { "date": "2025-03-14", "close": 241.236298, "volume": 150, "typical_volume": 62.7, "trend": 152.290736, "fair_value": 130.236972, "relative_strength": 36.62885, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.273462, "energy": 99.346867, "activity_lines": [ 214.102069, 189.906924, 168.070918, 160.265811 ] }, { "date": "2025-03-21", "close": 231.621811, "volume": 287, "typical_volume": 74.8, "trend": 155.244256, "fair_value": 131.04736, "relative_strength": 31.609887, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.741963, "energy": 93.545431, "activity_lines": [ 224.765415, 200.467856, 175.228285, 165.383945 ] }, { "date": "2025-03-28", "close": 237.934341, "volume": 42, "typical_volume": 76.9, "trend": 158.25052, "fair_value": 131.918313, "relative_strength": 37.049794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.53002, "energy": 91.378835, "activity_lines": [ 232.835755, 210.522016, 182.572498, 170.718789 ] }, { "date": "2025-04-04", "close": 232.884308, "volume": 70, "typical_volume": 80.4, "trend": 161.271866, "fair_value": 132.756894, "relative_strength": 47.525993, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.540237, "energy": 80.998772, "activity_lines": [ 235.085609, 217.95934, 189.038698, 175.533872 ] }, { "date": "2025-04-11", "close": 239.099731, "volume": 0, "typical_volume": 80.15, "trend": 164.487521, "fair_value": 133.635318, "relative_strength": 51.807434, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.276869, "energy": 69.351487, "activity_lines": [ 236.354589, 224.983478, 195.689815, 180.555025 ] }, { "date": "2025-04-18", "close": 246.577667, "volume": 2, "typical_volume": 77.05, "trend": 167.918655, "fair_value": 134.487686, "relative_strength": 47.133722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.518094, "energy": 70.548386, "activity_lines": [ 239.695378, 231.773655, 202.581556, 185.851163 ] }, { "date": "2025-04-25", "close": 228.999664, "volume": 0, "typical_volume": 77.05, "trend": 170.866824, "fair_value": 135.243105, "relative_strength": 30.919975, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.274613, "energy": 63.824054, "activity_lines": [ 236.820743, 233.659471, 207.272723, 189.791873 ] }, { "date": "2025-05-02", "close": 246.480576, "volume": 5, "typical_volume": 76.8, "trend": 174.354251, "fair_value": 136.116116, "relative_strength": 37.832005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.939344, "energy": 65.504971, "activity_lines": [ 239.947887, 237.490261, 213.196342, 194.67018 ] }, { "date": "2025-05-09", "close": 240.16803, "volume": 100, "typical_volume": 81.8, "trend": 177.634477, "fair_value": 136.970219, "relative_strength": 27.660496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.413422, "energy": 59.47969, "activity_lines": [ 240.401101, 238.889618, 217.986478, 198.91623 ] }, { "date": "2025-05-16", "close": 241.819, "volume": 26, "typical_volume": 83.1, "trend": 180.749314, "fair_value": 137.844468, "relative_strength": 24.182882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.269738, "energy": 55.10324, "activity_lines": [ 240.919056, 239.62417, 222.41659, 203.057167 ] }, { "date": "2025-05-23", "close": 251.199783, "volume": 0, "typical_volume": 80.55, "trend": 184.205804, "fair_value": 138.756924, "relative_strength": 29.79267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.511287, "energy": 59.804635, "activity_lines": [ 244.382655, 241.900105, 227.224932, 207.602359 ] }, { "date": "2025-05-30", "close": 261.61322, "volume": 3, "typical_volume": 80.7, "trend": 188.105944, "fair_value": 139.756577, "relative_strength": 32.936469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.608671, "energy": 61.90096, "activity_lines": [ 251.009258, 245.888237, 232.463563, 212.596385 ] }, { "date": "2025-06-06", "close": 256.701202, "volume": 3, "typical_volume": 80.85, "trend": 191.510913, "fair_value": 140.739559, "relative_strength": 29.104961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.665112, "energy": 74.058839, "activity_lines": [ 253.824285, 248.437977, 236.658245, 217.021886 ] }, { "date": "2025-06-13", "close": 246.189545, "volume": 59, "typical_volume": 80.15, "trend": 194.803614, "fair_value": 141.650121, "relative_strength": 25.795213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.28176, "energy": 68.694592, "activity_lines": [ 252.454051, 248.735291, 239.317566, 220.54954 ] }, { "date": "2025-06-20", "close": 243.733551, "volume": 1, "typical_volume": 80.2, "trend": 198.259002, "fair_value": 142.539903, "relative_strength": 24.406456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.592116, "energy": 55.94225, "activity_lines": [ 249.863718, 248.344147, 241.275437, 223.70631 ] }, { "date": "2025-06-27", "close": 241.768738, "volume": 21, "typical_volume": 77.15, "trend": 201.784045, "fair_value": 143.380347, "relative_strength": 20.313764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.494542, "energy": 40.348952, "activity_lines": [ 246.49081, 247.511514, 242.606749, 226.51339 ] }, { "date": "2025-07-04", "close": 238.330353, "volume": 896, "typical_volume": 121.55, "trend": 205.121852, "fair_value": 144.200529, "relative_strength": 18.853004, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.07179, "energy": 27.676238, "activity_lines": [ 242.600511, 246.141154, 243.186068, 228.871216 ] }, { "date": "2025-07-11", "close": 247.368423, "volume": 0, "typical_volume": 118.0, "trend": 208.877467, "fair_value": 145.060572, "relative_strength": 19.87256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.434442, "energy": 27.1997, "activity_lines": [ 243.275093, 246.244431, 244.258698, 231.596801 ] }, { "date": "2025-07-18", "close": 245.894836, "volume": 28, "typical_volume": 119.0, "trend": 212.689171, "fair_value": 145.927169, "relative_strength": 18.381602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.436536, "energy": 25.20734, "activity_lines": [ 244.080664, 246.06364, 244.850551, 233.985018 ] }, { "date": "2025-07-25", "close": 235.677856, "volume": 22, "typical_volume": 85.75, "trend": 216.09071, "fair_value": 146.71731, "relative_strength": 10.60704, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.118458, "energy": 16.048995, "activity_lines": [ 241.500222, 243.921093, 244.189355, 235.468159 ] }, { "date": "2025-08-01", "close": 229.390503, "volume": 54, "typical_volume": 80.95, "trend": 219.294, "fair_value": 147.454999, "relative_strength": 9.967342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.218062, "energy": 8.222539, "activity_lines": [ 237.361043, 240.747048, 242.915599, 236.326211 ] }, { "date": "2025-08-08", "close": 229.194016, "volume": 0, "typical_volume": 66.6, "trend": 222.246332, "fair_value": 148.20654, "relative_strength": 3.365892, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.937283, "energy": 16.511996, "activity_lines": [ 233.981584, 237.933811, 241.679537, 236.964921 ] }, { "date": "2025-08-15", "close": 230.078171, "volume": 0, "typical_volume": 64.5, "trend": 225.098648, "fair_value": 148.940933, "relative_strength": 0.763113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.156066, "energy": 21.946777, "activity_lines": [ 231.505932, 235.870769, 240.539243, 237.470201 ] }, { "date": "2025-08-22", "close": 228.211624, "volume": 0, "typical_volume": 61.0, "trend": 227.772207, "fair_value": 149.668102, "relative_strength": 0.828153, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.314533, "energy": 30.302498, "activity_lines": [ 229.560781, 233.952409, 239.258592, 237.671038 ] }, { "date": "2025-08-29", "close": 222.218979, "volume": 3, "typical_volume": 61.15, "trend": 230.13109, "fair_value": 150.382042, "relative_strength": 1.486745, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.538257, "energy": 50.001198, "activity_lines": [ 226.796963, 231.27135, 237.429464, 237.312766 ] }, { "date": "2025-09-05", "close": 220.155945, "volume": 41, "typical_volume": 63.1, "trend": 232.382358, "fair_value": 151.101721, "relative_strength": 0.577953, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.611392, "energy": 58.616484, "activity_lines": [ 224.242725, 228.606367, 235.484241, 236.669208 ] }, { "date": "2025-09-12", "close": 243.930023, "volume": 0, "typical_volume": 63.1, "trend": 235.141223, "fair_value": 151.993947, "relative_strength": 9.660158, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.308042, "energy": 17.783478, "activity_lines": [ 230.228817, 230.656904, 235.929033, 237.414219 ] }, { "date": "2025-09-19", "close": 242.456421, "volume": 29, "typical_volume": 64.3, "trend": 237.36053, "fair_value": 152.894209, "relative_strength": 8.897886, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 1.511385, "energy": 5.08332, "activity_lines": [ 234.741308, 232.337701, 236.162386, 237.886167 ] }, { "date": "2025-09-26", "close": 255.620621, "volume": 3, "typical_volume": 59.45, "trend": 239.644748, "fair_value": 153.865523, "relative_strength": 13.437365, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.086798, "energy": 24.782809, "activity_lines": [ 242.816648, 236.501298, 237.668634, 239.064237 ] }, { "date": "2025-10-03", "close": 267.605865, "volume": 0, "typical_volume": 58.15, "trend": 240.80537, "fair_value": 154.913666, "relative_strength": 15.41889, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 52.799672, "energy": 48.718114, "activity_lines": [ 253.059804, 242.667198, 240.242751, 240.86818 ] }, { "date": "2025-10-10", "close": 253.164597, "volume": 14, "typical_volume": 58.85, "trend": 241.20298, "fair_value": 155.878421, "relative_strength": 10.641828, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.939004, "energy": 62.90601, "activity_lines": [ 255.463412, 245.626903, 241.318714, 241.66555 ] }, { "date": "2025-10-17", "close": 242.35817, "volume": 24, "typical_volume": 59.9, "trend": 241.560859, "fair_value": 156.732719, "relative_strength": 7.455639, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.880386, "energy": 49.062074, "activity_lines": [ 252.0643, 246.189548, 241.356137, 241.740078 ] }, { "date": "2025-10-24", "close": 249.529694, "volume": 17, "typical_volume": 60.6, "trend": 241.94737, "fair_value": 157.5678, "relative_strength": 8.032595, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.89376, "energy": 41.17554, "activity_lines": [ 251.160486, 247.816757, 242.168254, 242.254196 ] }, { "date": "2025-10-31", "close": 242.259949, "volume": 10, "typical_volume": 58.15, "trend": 242.259892, "fair_value": 158.377318, "relative_strength": 1.419066, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.600337, "energy": 17.664651, "activity_lines": [ 247.361873, 247.768531, 242.322164, 242.274363 ] }, { "date": "2025-11-07", "close": 234.891953, "volume": 89, "typical_volume": 62.55, "trend": 242.119632, "fair_value": 159.214867, "relative_strength": -0.774542, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.039293, "energy": 17.06198, "activity_lines": [ 241.997972, 246.125245, 241.793072, 241.799012 ] }, { "date": "2025-11-14", "close": 233.320099, "volume": 34, "typical_volume": 63.2, "trend": 241.677714, "fair_value": 160.016562, "relative_strength": -3.699437, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.937115, "energy": 21.622486, "activity_lines": [ 238.291047, 243.965749, 241.156382, 241.2313 ] }, { "date": "2025-11-21", "close": 226.148575, "volume": 8, "typical_volume": 18.8, "trend": 241.582677, "fair_value": 160.738506, "relative_strength": -5.682821, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.481882, "energy": 38.04622, "activity_lines": [ 233.516581, 240.262992, 239.876922, 240.22942 ] }, { "date": "2025-11-28", "close": 222.120728, "volume": 57, "typical_volume": 21.65, "trend": 240.770682, "fair_value": 161.439076, "relative_strength": -11.642326, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.429053, "energy": 61.711854, "activity_lines": [ 228.480139, 236.151198, 238.271866, 238.973811 ] }, { "date": "2025-12-05", "close": 223.277878, "volume": 14, "typical_volume": 20.95, "trend": 240.207677, "fair_value": 162.140508, "relative_strength": -12.62124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.770611, "energy": 65.421339, "activity_lines": [ 225.656679, 232.619535, 236.897242, 237.845243 ] }, { "date": "2025-12-12", "close": 228.211105, "volume": 38, "typical_volume": 21.75, "trend": 239.754081, "fair_value": 162.893233, "relative_strength": -11.328412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.03013, "energy": 63.00327, "activity_lines": [ 225.743098, 230.572872, 236.100149, 237.07127 ] }, { "date": "2025-12-19", "close": 226.533813, "volume": 100, "typical_volume": 24.05, "trend": 238.931882, "fair_value": 163.632821, "relative_strength": -14.405865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.359023, "energy": 59.622325, "activity_lines": [ 225.71581, 228.937516, 235.17887, 236.21835 ] }, { "date": "2025-12-26", "close": 225.152512, "volume": 0, "typical_volume": 24.05, "trend": 237.716525, "fair_value": 164.364151, "relative_strength": -15.329509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.173019, "energy": 46.907199, "activity_lines": [ 225.680507, 227.535209, 234.139641, 235.329358 ] }, { "date": "2026-01-02", "close": 230.381729, "volume": 0, "typical_volume": 24.05, "trend": 236.839209, "fair_value": 165.127214, "relative_strength": -15.265597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.468211, "energy": 29.488493, "activity_lines": [ 227.454681, 227.3965, 233.617679, 234.856145 ] }, { "date": "2026-01-09", "close": 260.770386, "volume": 150, "typical_volume": 31.55, "trend": 237.325237, "fair_value": 166.085076, "relative_strength": -5.351978, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.263724, "energy": 21.217097, "activity_lines": [ 238.807674, 233.131146, 235.988429, 236.400092 ] }, { "date": "2026-01-16", "close": 256.330505, "volume": 57, "typical_volume": 34.25, "trend": 237.745136, "fair_value": 167.034146, "relative_strength": -8.402733, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.393281, "energy": 35.133296, "activity_lines": [ 246.181206, 237.721987, 237.781291, 237.626239 ] }, { "date": "2026-01-23", "close": 248.733337, "volume": 2, "typical_volume": 32.3, "trend": 237.977289, "fair_value": 167.934516, "relative_strength": -12.121296, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 55.364692, "energy": 47.556144, "activity_lines": [ 249.147722, 240.541733, 238.688177, 238.335155 ] }, { "date": "2026-01-30", "close": 248.733337, "volume": 70, "typical_volume": 35.8, "trend": 238.324055, "fair_value": 168.82833, "relative_strength": -13.633402, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.870455, "energy": 57.776759, "activity_lines": [ 250.63427, 243.081239, 239.458981, 239.029093 ] }, { "date": "2026-02-06", "close": 248.733337, "volume": 59, "typical_volume": 37.3, "trend": 238.369552, "fair_value": 169.720355, "relative_strength": -14.703319, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.209038, "energy": 57.955609, "activity_lines": [ 250.548763, 245.210112, 240.206912, 239.70066 ] }, { "date": "2026-02-13", "close": 248.733337, "volume": 25, "typical_volume": 38.4, "trend": 238.464169, "fair_value": 170.547414, "relative_strength": -14.204816, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.819497, "energy": 35.686919, "activity_lines": [ 249.239815, 246.85512, 240.924952, 240.369291 ] }, { "date": "2026-02-20", "close": 260.474426, "volume": 62, "typical_volume": 41.5, "trend": 239.290721, "fair_value": 171.442882, "relative_strength": -13.060713, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.082209, "energy": 42.713603, "activity_lines": [ 252.647033, 250.172045, 242.793989, 241.789308 ] }, { "date": "2026-02-27", "close": 250.509293, "volume": 6, "typical_volume": 41.1, "trend": 239.994681, "fair_value": 172.250033, "relative_strength": -14.799067, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.605603, "energy": 34.319951, "activity_lines": [ 252.456279, 251.090521, 243.747924, 242.513087 ] }, { "date": "2026-03-06", "close": 236.696259, "volume": 136, "typical_volume": 46.7, "trend": 240.244756, "fair_value": 172.989203, "relative_strength": -14.724402, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.903077, "energy": 16.577689, "activity_lines": [ 247.542784, 249.061619, 243.398976, 242.300285 ] }, { "date": "2026-03-13", "close": 251.298615, "volume": 150, "typical_volume": 53.35, "trend": 240.952104, "fair_value": 173.821381, "relative_strength": -6.752672, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.686119, "energy": 21.043572, "activity_lines": [ 248.299212, 249.477805, 244.467691, 243.013438 ] }, { "date": "2026-03-20", "close": 243.80011, "volume": 0, "typical_volume": 52.85, "trend": 241.47172, "fair_value": 174.578969, "relative_strength": -8.089575, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.867578, "energy": 15.883741, "activity_lines": [ 246.38512, 248.150319, 244.813839, 243.19718 ] }, { "date": "2026-03-27", "close": 235.216293, "volume": 45, "typical_volume": 50.65, "trend": 241.904964, "fair_value": 175.281532, "relative_strength": -12.195094, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.372764, "energy": 13.7911, "activity_lines": [ 241.938637, 245.570689, 244.335146, 242.793604 ] }, { "date": "2026-04-03", "close": 261.16507, "volume": 127, "typical_volume": 55.3, "trend": 243.271935, "fair_value": 176.150434, "relative_strength": -5.339296, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.340665, "energy": 19.866698, "activity_lines": [ 247.825623, 248.092914, 246.326221, 244.036191 ] }, { "date": "2026-04-10", "close": 257.317139, "volume": 84, "typical_volume": 59.1, "trend": 243.718172, "fair_value": 176.966358, "relative_strength": -11.776091, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.092511, "energy": 26.029166, "activity_lines": [ 251.719579, 249.689483, 247.818231, 244.942334 ] }, { "date": "2026-04-17", "close": 267.380951, "volume": 0, "typical_volume": 56.25, "trend": 244.548989, "fair_value": 177.825933, "relative_strength": -9.917218, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.683055, "energy": 54.705739, "activity_lines": [ 257.593414, 252.959767, 250.120278, 246.468965 ] }, { "date": "2026-04-24", "close": 232.059021, "volume": 2, "typical_volume": 55.65, "trend": 243.763603, "fair_value": 178.473985, "relative_strength": -18.54262, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.249439, "energy": 23.767918, "activity_lines": [ 250.621117, 249.468835, 248.842806, 245.66316 ] }, { "date": "2026-05-01", "close": 229.691086, "volume": 30, "typical_volume": 55.25, "trend": 242.499777, "fair_value": 179.128316, "relative_strength": -19.309814, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.068643, "energy": 4.798505, "activity_lines": [ 243.642248, 245.850538, 247.298002, 244.755256 ] }, { "date": "2026-05-08", "close": 225.941818, "volume": 140, "typical_volume": 57.25, "trend": 241.592351, "fair_value": 179.754143, "relative_strength": -21.293444, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.545573, "energy": 31.747868, "activity_lines": [ 235.781969, 242.110254, 245.389077, 243.687 ] }, { "date": "2026-05-15", "close": 217.949982, "volume": 0, "typical_volume": 57.25, "trend": 240.778745, "fair_value": 180.320693, "relative_strength": -23.246989, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.494645, "energy": 48.107348, "activity_lines": [ 227.605962, 237.363589, 242.721844, 242.161686 ] }, { "date": "2026-05-22", "close": 230.100006, "volume": 0, "typical_volume": 57.25, "trend": 240.131088, "fair_value": 180.95982, "relative_strength": -20.033587, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.670246, "energy": 55.894551, "activity_lines": [ 226.10444, 235.166862, 241.246054, 241.472735 ] }, { "date": "2026-05-29", "close": 240.100006, "volume": 12, "typical_volume": 50.35, "trend": 240.05909, "fair_value": 181.70454, "relative_strength": -18.156466, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.383293, "energy": 46.05477, "activity_lines": [ 230.421648, 235.173745, 240.723987, 241.47073 ] }, { "date": "2026-06-05", "close": 232.199997, "volume": 41, "typical_volume": 49.55, "trend": 239.969358, "fair_value": 182.402859, "relative_strength": -19.372823, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.239568, "energy": 28.441374, "activity_lines": [ 231.569454, 233.811538, 239.547968, 240.963692 ] }, { "date": "2026-06-12", "close": 235.0, "volume": 41, "typical_volume": 51.5, "trend": 240.025355, "fair_value": 183.111253, "relative_strength": -20.059701, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.457653, "energy": 11.242694, "activity_lines": [ 233.483333, 233.013264, 238.753523, 240.643088 ] }, { "date": "2026-06-19", "close": 233.5, "volume": 0, "typical_volume": 48.0, "trend": 240.270403, "fair_value": 183.788831, "relative_strength": -23.19849, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -35.337254, "energy": 18.197935, "activity_lines": [ 234.293334, 232.417991, 237.881618, 240.222097 ] }, { "date": "2026-06-26", "close": 216.899994, "volume": 0, "typical_volume": 45.05, "trend": 240.096378, "fair_value": 184.373325, "relative_strength": -26.674916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.82785, "energy": 42.063877, "activity_lines": [ 228.533331, 229.237574, 235.501299, 238.714329 ] }, { "date": "2026-07-03", "close": 240.0, "volume": 0, "typical_volume": 43.8, "trend": 240.653782, "fair_value": 185.099536, "relative_strength": -20.248299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.456363, "energy": 22.470898, "activity_lines": [ 231.353332, 231.174994, 235.472569, 238.708111 ] }, { "date": "2026-07-10", "close": 222.699997, "volume": 92, "typical_volume": 45.3, "trend": 240.470079, "fair_value": 185.711518, "relative_strength": -24.41157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.652327, "energy": 38.611569, "activity_lines": [ 228.413331, 229.822577, 233.837806, 237.549803 ] }, { "date": "2026-07-17", "close": 224.100006, "volume": 0, "typical_volume": 45.0, "trend": 240.388952, "fair_value": 186.310366, "relative_strength": -21.853847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.091854, "energy": 41.825567, "activity_lines": [ 226.573334, 228.851818, 232.516256, 236.493669 ] }, { "date": "2026-07-24", "close": 235.600006, "volume": 105, "typical_volume": 43.45, "trend": 240.737201, "fair_value": 187.00928, "relative_strength": -18.478873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.268732, "energy": 23.699553, "activity_lines": [ 229.293336, 230.005456, 232.415703, 236.184705 ] }, { "date": "2026-07-31", "close": 246.300003, "volume": 0, "typical_volume": 35.95, "trend": 241.267811, "fair_value": 187.774058, "relative_strength": -14.312869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.751336, "energy": 7.853281, "activity_lines": [ 235.440003, 232.783638, 233.339417, 236.543595 ] }, { "date": "2026-08-07", "close": 267.0, "volume": 20, "typical_volume": 36.95, "trend": 241.475464, "fair_value": 188.649723, "relative_strength": -9.502374, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.447983, "energy": 39.979134, "activity_lines": [ 246.526669, 239.03091, 236.258362, 238.203736 ] } ], "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." } } }