{ "ticker": { "uuid": "5ec04ea0-027b-4fc9-8be1-b894b84a17b1", "symbol": "ESQ", "name": "Esquire Financial Holdings Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 77.731, "architecture_energy": 77.228, "architecture_maturity": 28.078, "architecture_confidence": 79.155, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 12.03, "rotation_up": 74.54, "upward_expansion": 89.86, "deceleration": 45.75, "rotation_down": 10.56, "downward_expansion": 16.52 }, "activity_lines": [ 126.516667, 122.887273, 117.651329, 114.809906 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 131.38, "trend_reference": 111.720196, "distance_from_trend": 0.175974, "trend_direction": "Improving", "fair_value": 77.477318, "distance_from_fair_value": 0.695722, "fair_value_direction": "Improving", "relative_strength": 7.609949, "relative_strength_direction": "Improving", "price_momentum": 0.143075, "excess_performance": -0.044378, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.175974, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.053959, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.695722, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.203812, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.076099, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.197081, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.143075, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.245755, "read": "Demand-led" } ], "volume": { "latest": 524748, "relative_activity": 0.893493, "balance": 1.245755, "dry_up": 1.254003, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.059081, "annualized_volatility": 0.320134, "from_high_reference": -0.021838, "from_low_reference": 0.434383 }, "levels": { "trend_reference": 111.720196, "fair_value_reference": 77.477318, "structural_low": 93.82202, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 43, "median_return": 0.013347, "positive_rate": 0.55814, "directional_follow_through": 0.55814, "median_excess_return": 0.024043, "regime_survival": 0.744186, "best_return": 0.184009, "worst_return": -0.152124, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 16, "median_return": 0.044157, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.052854, "regime_survival": 0.6875, "best_return": 0.331538, "worst_return": -0.076084, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.144767, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.099052, "regime_survival": 1.0, "best_return": 0.465688, "worst_return": 0.046004, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.394379, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.262116, "regime_survival": 1.0, "best_return": 0.677871, "worst_return": 0.185689, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-07-07", "end": "2023-09-01", "tenure": "Developing", "return": 0.07591, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-09-08", "end": "2023-12-22", "tenure": "Established", "return": 0.061636, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-03-22", "tenure": "Established", "return": -0.043741, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-29", "end": "2024-04-12", "tenure": "New", "return": -0.029703, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-19", "end": "2024-04-26", "tenure": "New", "return": 0.054077, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-03", "end": "2024-06-14", "tenure": "Developing", "return": -0.057109, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-21", "end": "2024-07-19", "tenure": "Developing", "return": 0.227293, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2025-02-28", "tenure": "Extended", "return": 0.309404, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-05-02", "tenure": "Developing", "return": 0.189084, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-08-15", "tenure": "Established", "return": 0.067786, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": -0.013475, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-02-27", "tenure": "Established", "return": 0.044699, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-06-19", "tenure": "Established", "return": 0.145126, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.108973, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 46.66977, "volume": 73804, "typical_volume": 135344.8, "trend": 42.110034, "fair_value": 31.315478, "relative_strength": -2.477375, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.194231, "energy": 67.018463, "activity_lines": [ 48.208793, 47.209875, 45.065722, 43.386527 ] }, { "date": "2023-08-25", "close": 45.635699, "volume": 87358, "typical_volume": 130798.25, "trend": 42.211348, "fair_value": 31.503656, "relative_strength": -6.237941, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.128411, "energy": 44.610192, "activity_lines": [ 47.306035, 47.063271, 45.34294, 43.613989 ] }, { "date": "2023-09-01", "close": 46.338086, "volume": 103389, "typical_volume": 131249.0, "trend": 42.273485, "fair_value": 31.700279, "relative_strength": -8.244835, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.272806, "energy": 31.117557, "activity_lines": [ 46.768582, 47.056619, 45.640796, 43.880231 ] }, { "date": "2023-09-08", "close": 46.05518, "volume": 59423, "typical_volume": 129095.2, "trend": 42.372328, "fair_value": 31.897367, "relative_strength": -7.630492, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.289649, "energy": 22.82917, "activity_lines": [ 46.320756, 46.952179, 45.858734, 44.124211 ] }, { "date": "2023-09-15", "close": 45.030865, "volume": 109464, "typical_volume": 126651.55, "trend": 42.398851, "fair_value": 32.087828, "relative_strength": -9.097255, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.335906, "energy": 22.85707, "activity_lines": [ 45.755365, 46.633387, 45.933265, 44.29573 ] }, { "date": "2023-09-22", "close": 43.489514, "volume": 88942, "typical_volume": 124945.2, "trend": 42.376258, "fair_value": 32.278327, "relative_strength": -8.979515, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.264358, "energy": 17.814684, "activity_lines": [ 44.936563, 45.998674, 45.825154, 44.366095 ] }, { "date": "2023-09-29", "close": 44.572361, "volume": 171880, "typical_volume": 121462.25, "trend": 42.405606, "fair_value": 32.468991, "relative_strength": -6.642965, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.890436, "energy": 16.549059, "activity_lines": [ 44.690727, 45.588754, 45.791201, 44.507779 ] }, { "date": "2023-10-06", "close": 45.577166, "volume": 91072, "typical_volume": 120518.3, "trend": 42.654053, "fair_value": 32.658272, "relative_strength": -6.094149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.293198, "energy": 15.26422, "activity_lines": [ 44.850715, 45.416634, 45.827018, 44.712396 ] }, { "date": "2023-10-13", "close": 44.523585, "volume": 103010, "typical_volume": 120165.2, "trend": 42.957921, "fair_value": 32.84197, "relative_strength": -8.126827, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.608468, "energy": 12.989966, "activity_lines": [ 44.710238, 45.116952, 45.740076, 44.833011 ] }, { "date": "2023-10-20", "close": 42.592018, "volume": 92607, "typical_volume": 121499.85, "trend": 43.208075, "fair_value": 33.005893, "relative_strength": -9.223314, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.197159, "energy": 14.771533, "activity_lines": [ 44.028011, 44.554979, 45.456085, 44.809404 ] }, { "date": "2023-10-27", "close": 44.855268, "volume": 114078, "typical_volume": 120485.2, "trend": 43.438926, "fair_value": 33.197384, "relative_strength": -1.502613, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.958441, "energy": 11.560001, "activity_lines": [ 44.262791, 44.51986, 45.38968, 44.915675 ] }, { "date": "2023-11-03", "close": 46.54295, "volume": 82035, "typical_volume": 112543.2, "trend": 43.792968, "fair_value": 33.395936, "relative_strength": -3.360445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.651042, "energy": 15.292286, "activity_lines": [ 44.969081, 44.824583, 45.474295, 45.115934 ] }, { "date": "2023-11-10", "close": 45.430836, "volume": 61751, "typical_volume": 106697.2, "trend": 44.133545, "fair_value": 33.581322, "relative_strength": -7.962473, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.945456, "energy": 11.604789, "activity_lines": [ 45.173294, 44.910608, 45.45188, 45.221603 ] }, { "date": "2023-11-17", "close": 45.773782, "volume": 145517, "typical_volume": 108375.35, "trend": 44.445134, "fair_value": 33.761822, "relative_strength": -8.629585, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.775071, "energy": 20.904545, "activity_lines": [ 45.501577, 45.075482, 45.454309, 45.327425 ] }, { "date": "2023-11-24", "close": 44.482727, "volume": 45427, "typical_volume": 106121.6, "trend": 44.677795, "fair_value": 33.934231, "relative_strength": -11.486527, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.250204, "energy": 12.122726, "activity_lines": [ 45.316163, 45.010735, 45.327756, 45.32985 ] }, { "date": "2023-12-01", "close": 46.761635, "volume": 106209, "typical_volume": 103371.15, "trend": 44.989653, "fair_value": 34.120816, "relative_strength": -6.697858, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 33.516605, "energy": 18.104225, "activity_lines": [ 45.764337, 45.370301, 45.411509, 45.464291 ] }, { "date": "2023-12-08", "close": 46.233476, "volume": 93988, "typical_volume": 100104.8, "trend": 45.226511, "fair_value": 34.294036, "relative_strength": -7.889147, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.486323, "energy": 20.327126, "activity_lines": [ 45.909367, 45.574345, 45.43669, 45.544538 ] }, { "date": "2023-12-15", "close": 47.260452, "volume": 136655, "typical_volume": 97091.9, "trend": 45.43954, "fair_value": 34.469157, "relative_strength": -8.441109, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.953691, "energy": 32.11413, "activity_lines": [ 46.417354, 45.93491, 45.566201, 45.67576 ] }, { "date": "2023-12-22", "close": 48.893833, "volume": 135278, "typical_volume": 98515.3, "trend": 45.676849, "fair_value": 34.66399, "relative_strength": -5.654409, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.076366, "energy": 53.517091, "activity_lines": [ 47.347827, 46.561849, 45.860018, 45.898618 ] }, { "date": "2023-12-29", "close": 48.86449, "volume": 48639, "typical_volume": 97526.3, "trend": 45.871662, "fair_value": 34.859004, "relative_strength": -5.464302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.685925, "energy": 61.24408, "activity_lines": [ 48.060515, 47.103993, 46.153514, 46.104272 ] }, { "date": "2024-01-05", "close": 47.045276, "volume": 54058, "typical_volume": 96539.0, "trend": 46.012646, "fair_value": 35.025846, "relative_strength": -5.571624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.00152, "energy": 53.989895, "activity_lines": [ 47.874681, 47.201326, 46.274094, 46.179989 ] }, { "date": "2024-01-12", "close": 45.920493, "volume": 70081, "typical_volume": 95675.15, "trend": 45.999691, "fair_value": 35.181597, "relative_strength": -10.217831, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.965682, "energy": 33.056714, "activity_lines": [ 47.29501, 47.054334, 46.285764, 46.174044 ] }, { "date": "2024-01-19", "close": 47.534312, "volume": 53786, "typical_volume": 93195.0, "trend": 46.12454, "fair_value": 35.331675, "relative_strength": -9.211919, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.559717, "energy": 25.721236, "activity_lines": [ 47.274145, 47.212082, 46.449775, 46.273051 ] }, { "date": "2024-01-26", "close": 51.505286, "volume": 340975, "typical_volume": 107272.6, "trend": 46.357752, "fair_value": 35.525813, "relative_strength": -1.88524, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.43679, "energy": 39.592092, "activity_lines": [ 48.55868, 48.05358, 46.986277, 46.620196 ] }, { "date": "2024-02-02", "close": 49.079666, "volume": 455228, "typical_volume": 124560.8, "trend": 46.558116, "fair_value": 35.699351, "relative_strength": -7.180099, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.649827, "energy": 36.947051, "activity_lines": [ 48.860578, 48.349847, 47.265815, 46.795804 ] }, { "date": "2024-02-09", "close": 46.438871, "volume": 221386, "typical_volume": 131183.0, "trend": 46.605256, "fair_value": 35.855468, "relative_strength": -13.268856, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.989217, "energy": 31.206763, "activity_lines": [ 48.267866, 48.082388, 47.274569, 46.78811 ] }, { "date": "2024-02-16", "close": 48.816746, "volume": 183212, "typical_volume": 131749.6, "trend": 46.645703, "fair_value": 36.030092, "relative_strength": -6.951531, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.804715, "energy": 36.599265, "activity_lines": [ 48.508206, 48.253139, 47.495742, 46.930787 ] }, { "date": "2024-02-23", "close": 48.934471, "volume": 89553, "typical_volume": 131673.65, "trend": 46.640285, "fair_value": 36.206273, "relative_strength": -7.464037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.916149, "energy": 26.344348, "activity_lines": [ 48.594705, 48.398326, 47.707916, 47.07845 ] }, { "date": "2024-03-01", "close": 49.218974, "volume": 90469, "typical_volume": 131046.6, "trend": 46.633808, "fair_value": 36.364378, "relative_strength": -8.240576, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.722435, "energy": 25.461675, "activity_lines": [ 48.682693, 48.564804, 47.931199, 47.244817 ] }, { "date": "2024-03-08", "close": 48.718641, "volume": 176354, "typical_volume": 135233.95, "trend": 46.626548, "fair_value": 36.518352, "relative_strength": -7.483895, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.19767, "energy": 26.698847, "activity_lines": [ 48.756325, 48.634401, 48.084472, 47.379322 ] }, { "date": "2024-03-15", "close": 46.45243, "volume": 186366, "typical_volume": 138848.35, "trend": 46.619303, "fair_value": 36.667656, "relative_strength": -10.611592, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.875904, "energy": 12.800374, "activity_lines": [ 48.098622, 48.294611, 47.99274, 47.368089 ] }, { "date": "2024-03-22", "close": 46.727122, "volume": 196147, "typical_volume": 144553.95, "trend": 46.655684, "fair_value": 36.825436, "relative_strength": -12.582084, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.915416, "energy": 12.156626, "activity_lines": [ 47.531578, 48.015545, 47.919564, 47.375045 ] }, { "date": "2024-03-29", "close": 46.570155, "volume": 155698, "typical_volume": 149251.3, "trend": 46.663419, "fair_value": 36.980176, "relative_strength": -12.21206, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.795715, "energy": 11.183298, "activity_lines": [ 47.051521, 47.693273, 47.830562, 47.369527 ] }, { "date": "2024-04-05", "close": 45.540059, "volume": 263720, "typical_volume": 155161.45, "trend": 46.646249, "fair_value": 37.13047, "relative_strength": -13.32013, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.495043, "energy": 20.690645, "activity_lines": [ 46.385719, 47.20124, 47.638031, 47.297052 ] }, { "date": "2024-04-12", "close": 45.186883, "volume": 335914, "typical_volume": 169685.8, "trend": 46.651449, "fair_value": 37.273078, "relative_strength": -13.446609, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.584838, "energy": 31.447703, "activity_lines": [ 45.847453, 46.753453, 47.412976, 47.202899 ] }, { "date": "2024-04-19", "close": 45.716647, "volume": 284089, "typical_volume": 178579.8, "trend": 46.725687, "fair_value": 37.423764, "relative_strength": -7.360457, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.889371, "energy": 32.017341, "activity_lines": [ 45.721225, 46.472764, 47.235022, 47.142589 ] }, { "date": "2024-04-26", "close": 48.188878, "volume": 216948, "typical_volume": 184727.8, "trend": 46.846238, "fair_value": 37.591284, "relative_strength": -5.975568, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.111916, "energy": 11.750664, "activity_lines": [ 46.468127, 46.654703, 47.297495, 47.236989 ] }, { "date": "2024-05-03", "close": 47.590441, "volume": 171607, "typical_volume": 186475.4, "trend": 46.913347, "fair_value": 37.754536, "relative_strength": -7.989312, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.569302, "energy": 4.552091, "activity_lines": [ 46.918099, 46.739251, 47.293662, 47.285002 ] }, { "date": "2024-05-10", "close": 48.797125, "volume": 121251, "typical_volume": 185774.05, "trend": 47.055798, "fair_value": 37.923306, "relative_strength": -6.897835, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.945485, "energy": 19.718885, "activity_lines": [ 47.70228, 47.067634, 47.40318, 47.406536 ] }, { "date": "2024-05-17", "close": 47.952676, "volume": 113942, "typical_volume": 189039.2, "trend": 47.234487, "fair_value": 38.082226, "relative_strength": -10.238841, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 25.596866, "energy": 22.046402, "activity_lines": [ 47.98784, 47.25015, 47.432735, 47.464399 ] }, { "date": "2024-05-24", "close": 46.328996, "volume": 123219, "typical_volume": 192497.25, "trend": 47.283611, "fair_value": 38.227474, "relative_strength": -14.177684, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.93153, "energy": 7.932824, "activity_lines": [ 47.547788, 47.151378, 47.311996, 47.40598 ] }, { "date": "2024-05-31", "close": 45.039893, "volume": 67380, "typical_volume": 192362.2, "trend": 47.233509, "fair_value": 38.362117, "relative_strength": -14.917562, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.615543, "energy": 14.393813, "activity_lines": [ 46.637211, 46.820468, 47.071896, 47.261224 ] }, { "date": "2024-06-07", "close": 46.043622, "volume": 101469, "typical_volume": 194746.35, "trend": 47.253935, "fair_value": 38.503256, "relative_strength": -15.01503, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.306881, "energy": 32.819683, "activity_lines": [ 46.271143, 46.702731, 46.931583, 47.184457 ] }, { "date": "2024-06-14", "close": 44.872605, "volume": 120341, "typical_volume": 183714.65, "trend": 47.223896, "fair_value": 38.644404, "relative_strength": -19.544546, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.114434, "energy": 48.747885, "activity_lines": [ 45.617857, 46.381655, 46.686842, 47.030823 ] }, { "date": "2024-06-21", "close": 44.203452, "volume": 152150, "typical_volume": 168560.75, "trend": 47.214587, "fair_value": 38.780216, "relative_strength": -20.522098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.870118, "energy": 62.454287, "activity_lines": [ 45.003155, 45.95105, 46.409957, 46.835956 ] }, { "date": "2024-06-28", "close": 46.840701, "volume": 234048, "typical_volume": 169193.85, "trend": 47.217222, "fair_value": 38.933795, "relative_strength": -15.39738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.579156, "energy": 43.715889, "activity_lines": [ 45.517484, 46.017826, 46.407459, 46.811834 ] }, { "date": "2024-07-05", "close": 45.423672, "volume": 139550, "typical_volume": 167010.75, "trend": 47.190229, "fair_value": 39.082172, "relative_strength": -20.420425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.610518, "energy": 37.248401, "activity_lines": [ 45.525357, 45.806523, 46.268092, 46.696121 ] }, { "date": "2024-07-12", "close": 50.963864, "volume": 106435, "typical_volume": 167854.85, "trend": 47.313676, "fair_value": 39.262859, "relative_strength": -10.223406, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 17.050114, "energy": 14.041623, "activity_lines": [ 47.354375, 46.652804, 46.67252, 46.939582 ] }, { "date": "2024-07-19", "close": 54.250585, "volume": 181599, "typical_volume": 172411.35, "trend": 47.492234, "fair_value": 39.464246, "relative_strength": -0.271407, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 42.894139, "energy": 46.480344, "activity_lines": [ 49.95095, 48.035336, 47.380305, 47.387124 ] }, { "date": "2024-07-26", "close": 58.354067, "volume": 209899, "typical_volume": 174088.6, "trend": 47.808554, "fair_value": 39.689658, "relative_strength": 10.168146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.979691, "energy": 89.646624, "activity_lines": [ 53.290154, 50.064802, 48.454938, 48.087887 ] }, { "date": "2024-08-02", "close": 57.753798, "volume": 337109, "typical_volume": 181625.75, "trend": 48.165504, "fair_value": 39.906047, "relative_strength": 12.585251, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.580179, "energy": 92.728694, "activity_lines": [ 55.485894, 51.796011, 49.426519, 48.729516 ] }, { "date": "2024-08-09", "close": 54.968941, "volume": 137644, "typical_volume": 178700.6, "trend": 48.467119, "fair_value": 40.09984, "relative_strength": 6.986473, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.953548, "energy": 85.653509, "activity_lines": [ 56.025809, 52.813159, 50.07906, 49.168448 ] }, { "date": "2024-08-16", "close": 56.63391, "volume": 72775, "typical_volume": 174554.45, "trend": 48.770439, "fair_value": 40.302705, "relative_strength": 4.725865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.417746, "energy": 85.260315, "activity_lines": [ 56.484362, 53.952501, 50.850922, 49.695337 ] }, { "date": "2024-08-23", "close": 60.442393, "volume": 156518, "typical_volume": 169194.35, "trend": 49.068343, "fair_value": 40.530168, "relative_strength": 10.616917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.003773, "energy": 82.091242, "activity_lines": [ 57.834406, 55.591743, 51.937575, 50.448367 ] }, { "date": "2024-08-30", "close": 60.708789, "volume": 69067, "typical_volume": 155852.0, "trend": 49.45598, "fair_value": 40.751269, "relative_strength": 11.900868, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.834247, "energy": 68.589598, "activity_lines": [ 58.860462, 56.996334, 52.978635, 51.199363 ] }, { "date": "2024-09-06", "close": 58.705883, "volume": 112484, "typical_volume": 147271.75, "trend": 49.864881, "fair_value": 40.961316, "relative_strength": 14.73694, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.761839, "energy": 60.912662, "activity_lines": [ 59.061901, 57.736664, 53.755028, 51.796131 ] }, { "date": "2024-09-13", "close": 60.235195, "volume": 98083, "typical_volume": 141328.5, "trend": 50.245496, "fair_value": 41.178703, "relative_strength": 11.042362, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.303255, "energy": 62.310168, "activity_lines": [ 59.709638, 58.539319, 54.615217, 52.465184 ] }, { "date": "2024-09-20", "close": 62.247969, "volume": 139706, "typical_volume": 139733.45, "trend": 50.689279, "fair_value": 41.410471, "relative_strength": 12.933573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.979805, "energy": 62.802971, "activity_lines": [ 60.677216, 59.438633, 55.609735, 53.239537 ] }, { "date": "2024-09-27", "close": 63.520752, "volume": 161634, "typical_volume": 141752.6, "trend": 51.166005, "fair_value": 41.638262, "relative_strength": 13.962125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.123773, "energy": 63.091893, "activity_lines": [ 61.694785, 60.364196, 56.655673, 54.067374 ] }, { "date": "2024-10-04", "close": 60.432526, "volume": 208043, "typical_volume": 146457.65, "trend": 51.556468, "fair_value": 41.834674, "relative_strength": 8.327807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.476746, "energy": 53.675985, "activity_lines": [ 61.477721, 60.559716, 57.337381, 54.665214 ] }, { "date": "2024-10-11", "close": 62.839961, "volume": 79185, "typical_volume": 144255.95, "trend": 52.102719, "fair_value": 42.037709, "relative_strength": 11.177382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.399757, "energy": 56.395967, "activity_lines": [ 62.081553, 61.15516, 58.188941, 55.393181 ] }, { "date": "2024-10-18", "close": 65.563124, "volume": 91428, "typical_volume": 145458.35, "trend": 52.730585, "fair_value": 42.261158, "relative_strength": 15.508826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.124375, "energy": 62.44797, "activity_lines": [ 63.317501, 62.15325, 59.221226, 56.261594 ] }, { "date": "2024-10-25", "close": 63.737815, "volume": 131922, "typical_volume": 146981.0, "trend": 53.302841, "fair_value": 42.472721, "relative_strength": 12.139903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.734176, "energy": 55.319917, "activity_lines": [ 63.589817, 62.626844, 59.981943, 56.971738 ] }, { "date": "2024-11-01", "close": 65.60259, "volume": 91888, "typical_volume": 145558.35, "trend": 53.971592, "fair_value": 42.685764, "relative_strength": 17.14877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.49461, "energy": 66.285203, "activity_lines": [ 64.384402, 63.310325, 60.835999, 57.76527 ] }, { "date": "2024-11-08", "close": 71.552111, "volume": 177431, "typical_volume": 146822.4, "trend": 54.850433, "fair_value": 42.921298, "relative_strength": 20.765531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.990885, "energy": 73.675876, "activity_lines": [ 67.023371, 64.981716, 62.157962, 58.899497 ] }, { "date": "2024-11-15", "close": 70.950252, "volume": 146340, "typical_volume": 142437.0, "trend": 55.691553, "fair_value": 43.162831, "relative_strength": 23.502533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.054626, "energy": 66.614279, "activity_lines": [ 68.720415, 66.346527, 63.292374, 59.938195 ] }, { "date": "2024-11-22", "close": 75.636766, "volume": 100064, "typical_volume": 140462.7, "trend": 56.606482, "fair_value": 43.431448, "relative_strength": 28.521997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.758518, "energy": 86.39031, "activity_lines": [ 71.438944, 68.340806, 64.758312, 61.224983 ] }, { "date": "2024-11-29", "close": 76.813338, "volume": 201587, "typical_volume": 145220.3, "trend": 57.580579, "fair_value": 43.731696, "relative_strength": 28.871891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.008265, "energy": 87.822869, "activity_lines": [ 73.878088, 70.268979, 66.192433, 62.528651 ] }, { "date": "2024-12-06", "close": 76.981419, "volume": 238717, "typical_volume": 148076.2, "trend": 58.520055, "fair_value": 44.034191, "relative_strength": 24.483873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.759738, "energy": 85.428384, "activity_lines": [ 75.501557, 71.962888, 67.51947, 63.780319 ] }, { "date": "2024-12-13", "close": 76.299205, "volume": 209331, "typical_volume": 148047.8, "trend": 59.46494, "fair_value": 44.330526, "relative_strength": 21.911405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.055788, "energy": 76.897642, "activity_lines": [ 76.139033, 73.288018, 68.673291, 64.92736 ] }, { "date": "2024-12-20", "close": 77.722956, "volume": 500149, "typical_volume": 156199.8, "trend": 60.511405, "fair_value": 44.635803, "relative_strength": 26.419499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.515308, "energy": 65.259203, "activity_lines": [ 76.93462, 74.583526, 69.877255, 66.105297 ] }, { "date": "2024-12-27", "close": 77.891038, "volume": 139426, "typical_volume": 156288.9, "trend": 61.606443, "fair_value": 44.941049, "relative_strength": 24.959399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.648185, "energy": 62.05208, "activity_lines": [ 77.33472, 75.638995, 71.002135, 67.226564 ] }, { "date": "2025-01-03", "close": 78.632575, "volume": 235885, "typical_volume": 164444.4, "trend": 62.692742, "fair_value": 45.237125, "relative_strength": 26.457656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.217078, "energy": 60.279017, "activity_lines": [ 77.831715, 76.605146, 72.088485, 68.325024 ] }, { "date": "2025-01-10", "close": 77.317583, "volume": 263323, "typical_volume": 169784.65, "trend": 63.774241, "fair_value": 45.52046, "relative_strength": 26.33175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.616392, "energy": 53.609997, "activity_lines": [ 77.769096, 77.061393, 72.944842, 69.268562 ] }, { "date": "2025-01-17", "close": 85.860088, "volume": 357860, "typical_volume": 184224.3, "trend": 65.162796, "fair_value": 45.864838, "relative_strength": 35.277033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.893049, "energy": 63.211777, "activity_lines": [ 80.531569, 78.857822, 74.534413, 70.693455 ] }, { "date": "2025-01-24", "close": 81.341656, "volume": 394642, "typical_volume": 198332.2, "trend": 66.312827, "fair_value": 46.180991, "relative_strength": 25.626573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.528659, "energy": 54.368763, "activity_lines": [ 81.150505, 79.572574, 75.573889, 71.737253 ] }, { "date": "2025-01-31", "close": 88.361539, "volume": 1073852, "typical_volume": 247120.65, "trend": 67.74409, "fair_value": 46.525818, "relative_strength": 37.218397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.524172, "energy": 62.641348, "activity_lines": [ 83.868155, 81.374733, 77.174136, 73.15975 ] }, { "date": "2025-02-07", "close": 84.35724, "volume": 424125, "typical_volume": 261341.6, "trend": 68.857202, "fair_value": 46.852184, "relative_strength": 29.740658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.433685, "energy": 68.906604, "activity_lines": [ 84.553006, 82.217479, 78.259087, 74.231566 ] }, { "date": "2025-02-14", "close": 83.007643, "volume": 272727, "typical_volume": 266896.25, "trend": 69.815771, "fair_value": 47.176983, "relative_strength": 23.285521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.57554, "energy": 55.03886, "activity_lines": [ 84.406346, 82.677681, 79.110222, 75.144498 ] }, { "date": "2025-02-21", "close": 78.241985, "volume": 193573, "typical_volume": 266172.75, "trend": 70.478701, "fair_value": 47.47185, "relative_strength": 18.218936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.048484, "energy": 45.155415, "activity_lines": [ 82.291797, 82.161833, 79.414689, 75.688125 ] }, { "date": "2025-02-28", "close": 76.40904, "volume": 427880, "typical_volume": 283607.5, "trend": 71.100543, "fair_value": 47.760141, "relative_strength": 18.805512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.797629, "energy": 23.647718, "activity_lines": [ 80.074139, 81.277398, 79.459784, 76.070727 ] }, { "date": "2025-03-07", "close": 71.524489, "volume": 255209, "typical_volume": 291796.55, "trend": 71.652394, "fair_value": 48.020633, "relative_strength": 14.327485, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.213819, "energy": 17.441037, "activity_lines": [ 76.557139, 79.528753, 78.975069, 76.098079 ] }, { "date": "2025-03-14", "close": 72.4261, "volume": 241780, "typical_volume": 297289.45, "trend": 72.178801, "fair_value": 48.286042, "relative_strength": 17.924269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.045334, "energy": 22.146371, "activity_lines": [ 74.463146, 78.059792, 78.547834, 76.147995 ] }, { "date": "2025-03-21", "close": 71.514582, "volume": 451990, "typical_volume": 315294.55, "trend": 72.547874, "fair_value": 48.540556, "relative_strength": 15.399319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.738053, "energy": 26.044797, "activity_lines": [ 72.860723, 76.537946, 77.992415, 76.105142 ] }, { "date": "2025-03-28", "close": 74.368031, "volume": 220457, "typical_volume": 317445.85, "trend": 73.003182, "fair_value": 48.813177, "relative_strength": 21.905977, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.201164, "energy": 28.061432, "activity_lines": [ 72.975653, 75.640417, 77.680601, 76.222572 ] }, { "date": "2025-04-04", "close": 71.266886, "volume": 371610, "typical_volume": 328709.35, "trend": 73.421882, "fair_value": 49.069183, "relative_strength": 28.385248, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.971624, "energy": 32.877866, "activity_lines": [ 72.315133, 74.387991, 77.060031, 76.110553 ] }, { "date": "2025-04-11", "close": 76.329778, "volume": 464173, "typical_volume": 346914.8, "trend": 73.958368, "fair_value": 49.347911, "relative_strength": 26.711985, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.853567, "energy": 15.808187, "activity_lines": [ 73.685053, 74.239268, 76.920133, 76.298159 ] }, { "date": "2025-04-18", "close": 79.817327, "volume": 201234, "typical_volume": 346897.15, "trend": 74.544013, "fair_value": 49.628911, "relative_strength": 34.234822, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.614441, "energy": 14.896304, "activity_lines": [ 75.897137, 74.943405, 77.109082, 76.676156 ] }, { "date": "2025-04-25", "close": 84.51363, "volume": 367708, "typical_volume": 353346.7, "trend": 75.243776, "fair_value": 49.948887, "relative_strength": 32.311951, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.518807, "energy": 29.870571, "activity_lines": [ 79.181906, 76.583958, 77.730994, 77.319357 ] }, { "date": "2025-05-02", "close": 85.048652, "volume": 338236, "typical_volume": 359791.95, "trend": 76.064313, "fair_value": 50.268104, "relative_strength": 27.555732, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.337278, "energy": 40.660021, "activity_lines": [ 81.778414, 78.294407, 78.367992, 77.95193 ] }, { "date": "2025-05-09", "close": 88.991961, "volume": 246522, "typical_volume": 347110.6, "trend": 76.936047, "fair_value": 50.621161, "relative_strength": 32.374141, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.938777, "energy": 68.577637, "activity_lines": [ 84.977316, 80.598063, 79.33888, 78.785972 ] }, { "date": "2025-05-16", "close": 90.145366, "volume": 195637, "typical_volume": 349921.15, "trend": 77.755455, "fair_value": 50.982476, "relative_strength": 24.319648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.991028, "energy": 75.435769, "activity_lines": [ 87.379014, 82.882649, 80.365953, 79.638186 ] }, { "date": "2025-05-23", "close": 88.040882, "volume": 198996, "typical_volume": 348076.7, "trend": 78.565557, "fair_value": 51.315726, "relative_strength": 23.131901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.518044, "energy": 71.741897, "activity_lines": [ 88.158179, 84.44604, 81.134246, 80.301762 ] }, { "date": "2025-05-30", "close": 90.075878, "volume": 741133, "typical_volume": 371967.2, "trend": 79.381333, "fair_value": 51.658252, "relative_strength": 22.359653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.930671, "energy": 72.929669, "activity_lines": [ 89.067439, 86.095525, 82.051547, 81.044363 ] }, { "date": "2025-06-06", "close": 89.222172, "volume": 417306, "typical_volume": 374939.5, "trend": 79.970335, "fair_value": 52.011797, "relative_strength": 17.637854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.165831, "energy": 64.451068, "activity_lines": [ 89.321314, 87.252313, 82.826788, 81.679256 ] }, { "date": "2025-06-13", "close": 90.562292, "volume": 400251, "typical_volume": 375219.95, "trend": 80.62407, "fair_value": 52.379676, "relative_strength": 18.835697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.92079, "energy": 56.74742, "activity_lines": [ 89.743661, 88.382684, 83.71365, 82.362608 ] }, { "date": "2025-06-20", "close": 88.646417, "volume": 505742, "typical_volume": 346814.45, "trend": 81.057725, "fair_value": 52.748862, "relative_strength": 15.191629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.561861, "energy": 44.58152, "activity_lines": [ 89.422694, 88.813888, 84.37414, 82.880179 ] }, { "date": "2025-06-27", "close": 94.304699, "volume": 931844, "typical_volume": 372200.4, "trend": 81.64077, "fair_value": 53.145177, "relative_strength": 16.529911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.859839, "energy": 50.779979, "activity_lines": [ 91.087751, 90.049932, 85.572157, 83.734822 ] }, { "date": "2025-07-04", "close": 98.523594, "volume": 535051, "typical_volume": 385316.6, "trend": 82.358843, "fair_value": 53.561064, "relative_strength": 18.649043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.749006, "energy": 71.205902, "activity_lines": [ 93.741518, 91.789641, 87.124605, 84.824037 ] }, { "date": "2025-07-11", "close": 95.813574, "volume": 1371141, "typical_volume": 444195.0, "trend": 83.009322, "fair_value": 53.965508, "relative_strength": 14.781126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.900974, "energy": 74.343492, "activity_lines": [ 94.928765, 92.781892, 88.34507, 85.692084 ] }, { "date": "2025-07-18", "close": 99.337592, "volume": 612068, "typical_volume": 453404.4, "trend": 83.72981, "fair_value": 54.390442, "relative_strength": 16.580054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.157027, "energy": 83.961997, "activity_lines": [ 96.851257, 94.219148, 89.817482, 86.745521 ] }, { "date": "2025-07-25", "close": 97.927985, "volume": 617521, "typical_volume": 471520.0, "trend": 84.397708, "fair_value": 54.794482, "relative_strength": 13.226851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.747543, "energy": 77.860878, "activity_lines": [ 97.71886, 95.21201, 91.046462, 87.661532 ] }, { "date": "2025-08-01", "close": 92.756117, "volume": 365424, "typical_volume": 477702.2, "trend": 84.868493, "fair_value": 55.158883, "relative_strength": 9.142459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.419845, "energy": 50.321206, "activity_lines": [ 96.243736, 95.123029, 91.657152, 88.200784 ] }, { "date": "2025-08-08", "close": 92.885165, "volume": 340077, "typical_volume": 472106.55, "trend": 85.387412, "fair_value": 55.50793, "relative_strength": 4.850579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.960279, "energy": 38.907131, "activity_lines": [ 94.914867, 94.971781, 92.183323, 88.717989 ] }, { "date": "2025-08-15", "close": 95.024393, "volume": 512977, "typical_volume": 486732.55, "trend": 85.692889, "fair_value": 55.864748, "relative_strength": 6.155149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.881372, "energy": 30.583013, "activity_lines": [ 94.674969, 95.158405, 92.811466, 89.33973 ] }, { "date": "2025-08-22", "close": 98.892995, "volume": 318174, "typical_volume": 484060.75, "trend": 86.277933, "fair_value": 56.261592, "relative_strength": 10.877739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.62743, "energy": 33.816665, "activity_lines": [ 95.777217, 95.942916, 93.709682, 90.191349 ] }, { "date": "2025-08-29", "close": 97.560366, "volume": 296718, "typical_volume": 475688.0, "trend": 86.584561, "fair_value": 56.660479, "relative_strength": 9.107972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.618566, "energy": 37.931616, "activity_lines": [ 96.464896, 96.333664, 94.349429, 90.919248 ] }, { "date": "2025-09-05", "close": 96.476362, "volume": 196835, "typical_volume": 475468.05, "trend": 86.988532, "fair_value": 57.044926, "relative_strength": 6.366998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.817332, "energy": 37.207422, "activity_lines": [ 96.815747, 96.365248, 94.78484, 91.557429 ] }, { "date": "2025-09-12", "close": 96.496252, "volume": 210287, "typical_volume": 467597.0, "trend": 87.438152, "fair_value": 57.417802, "relative_strength": 3.99596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.967984, "energy": 36.100928, "activity_lines": [ 96.925213, 96.360964, 95.142816, 92.17083 ] }, { "date": "2025-09-19", "close": 102.841156, "volume": 576357, "typical_volume": 479503.05, "trend": 88.258124, "fair_value": 57.837479, "relative_strength": 7.938198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.971546, "energy": 44.012205, "activity_lines": [ 98.908907, 97.54716, 96.048008, 93.164573 ] }, { "date": "2025-09-26", "close": 103.000276, "volume": 258938, "typical_volume": 480123.85, "trend": 89.144499, "fair_value": 58.265295, "relative_strength": 8.049622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.782529, "energy": 50.001619, "activity_lines": [ 100.424523, 98.634512, 96.883629, 94.115679 ] }, { "date": "2025-10-03", "close": 100.335018, "volume": 304737, "typical_volume": 485578.85, "trend": 90.10485, "fair_value": 58.678253, "relative_strength": 3.477134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.593279, "energy": 47.617122, "activity_lines": [ 100.777902, 99.170678, 97.398709, 94.837648 ] }, { "date": "2025-10-10", "close": 99.330574, "volume": 253880, "typical_volume": 488323.05, "trend": 91.001666, "fair_value": 59.07716, "relative_strength": 4.313732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.573267, "energy": 43.838944, "activity_lines": [ 100.611489, 99.480453, 97.769605, 95.432856 ] }, { "date": "2025-10-17", "close": 99.330574, "volume": 384047, "typical_volume": 470468.75, "trend": 91.928865, "fair_value": 59.47099, "relative_strength": 1.444812, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.429815, "energy": 34.460875, "activity_lines": [ 100.254795, 99.670693, 98.086741, 95.970205 ] }, { "date": "2025-10-24", "close": 102.060474, "volume": 286213, "typical_volume": 463914.1, "trend": 92.851947, "fair_value": 59.851987, "relative_strength": 1.574321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.161871, "energy": 34.747158, "activity_lines": [ 100.619113, 100.240089, 98.619798, 96.623857 ] }, { "date": "2025-10-31", "close": 93.284019, "volume": 309136, "typical_volume": 459358.35, "trend": 93.585851, "fair_value": 60.157474, "relative_strength": -9.066324, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.47526, "energy": 10.355482, "activity_lines": [ 98.109992, 99.085837, 98.255867, 96.651733 ] }, { "date": "2025-11-07", "close": 96.501224, "volume": 301962, "typical_volume": 449169.35, "trend": 94.258233, "fair_value": 60.505807, "relative_strength": -3.157604, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.197432, "energy": 14.293407, "activity_lines": [ 97.321023, 98.618513, 98.185376, 96.839821 ] }, { "date": "2025-11-14", "close": 97.505668, "volume": 351421, "typical_volume": 420148.2, "trend": 94.847844, "fair_value": 60.851772, "relative_strength": -2.198103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.954659, "energy": 14.872938, "activity_lines": [ 97.122454, 98.353072, 98.173143, 97.049333 ] }, { "date": "2025-11-21", "close": 99.817032, "volume": 440726, "typical_volume": 415431.95, "trend": 95.357958, "fair_value": 61.211809, "relative_strength": 3.080612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.063854, "energy": 18.152189, "activity_lines": [ 97.816001, 98.489164, 98.365796, 97.369926 ] }, { "date": "2025-11-28", "close": 101.680071, "volume": 263498, "typical_volume": 360049.8, "trend": 95.912338, "fair_value": 61.592474, "relative_strength": -0.092149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.802525, "energy": 23.382795, "activity_lines": [ 99.09813, 98.903613, 98.729723, 97.777804 ] }, { "date": "2025-12-05", "close": 103.373742, "volume": 274616, "typical_volume": 343177.2, "trend": 96.391731, "fair_value": 61.992993, "relative_strength": 0.34576, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.578818, "energy": 40.328939, "activity_lines": [ 100.970177, 99.647113, 99.227016, 98.259185 ] }, { "date": "2025-12-12", "close": 106.800936, "volume": 377587, "typical_volume": 331180.5, "trend": 96.946917, "fair_value": 62.415481, "relative_strength": 5.313995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.394675, "energy": 60.136205, "activity_lines": [ 103.311973, 101.006949, 100.031489, 98.930747 ] }, { "date": "2025-12-19", "close": 106.601681, "volume": 418068, "typical_volume": 333812.7, "trend": 97.56561, "fair_value": 62.833403, "relative_strength": 4.264973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.483009, "energy": 67.922568, "activity_lines": [ 104.900703, 102.212994, 100.774732, 99.553635 ] }, { "date": "2025-12-26", "close": 104.639014, "volume": 137715, "typical_volume": 323694.6, "trend": 98.051048, "fair_value": 63.235766, "relative_strength": 0.884115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.893713, "energy": 63.903361, "activity_lines": [ 105.22881, 102.929989, 101.265124, 100.009983 ] }, { "date": "2026-01-02", "close": 100.932863, "volume": 184904, "typical_volume": 307290.95, "trend": 98.441404, "fair_value": 63.622437, "relative_strength": -1.119583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.052419, "energy": 45.771394, "activity_lines": [ 104.000069, 102.876621, 101.346579, 100.195907 ] }, { "date": "2026-01-09", "close": 107.717512, "volume": 300029, "typical_volume": 306383.7, "trend": 99.013245, "fair_value": 64.048071, "relative_strength": 3.026283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.893786, "energy": 39.426458, "activity_lines": [ 105.08269, 104.077328, 102.046055, 100.794366 ] }, { "date": "2026-01-16", "close": 106.392463, "volume": 225026, "typical_volume": 302799.1, "trend": 99.60478, "fair_value": 64.473586, "relative_strength": 2.572482, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.084239, "energy": 29.920733, "activity_lines": [ 105.434044, 104.774689, 102.577314, 101.270444 ] }, { "date": "2026-01-23", "close": 107.767325, "volume": 291403, "typical_volume": 307527.5, "trend": 100.053534, "fair_value": 64.891349, "relative_strength": 3.43152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.709866, "energy": 30.886126, "activity_lines": [ 106.270917, 105.542185, 103.197455, 101.79706 ] }, { "date": "2026-01-30", "close": 106.233058, "volume": 982265, "typical_volume": 346126.4, "trend": 100.310516, "fair_value": 65.287241, "relative_strength": 2.088968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.218123, "energy": 31.783345, "activity_lines": [ 106.518658, 105.844148, 103.617709, 102.195739 ] }, { "date": "2026-02-06", "close": 114.935541, "volume": 419597, "typical_volume": 338288.4, "trend": 100.947915, "fair_value": 65.74779, "relative_strength": 12.325125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.118301, "energy": 43.301296, "activity_lines": [ 109.560957, 107.611725, 104.820405, 103.139289 ] }, { "date": "2026-02-13", "close": 108.723752, "volume": 328388, "typical_volume": 341760.9, "trend": 101.260787, "fair_value": 66.161178, "relative_strength": 7.304115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.672745, "energy": 39.425828, "activity_lines": [ 109.599147, 108.008877, 105.373909, 103.640956 ] }, { "date": "2026-02-20", "close": 107.316421, "volume": 349962, "typical_volume": 344022.15, "trend": 101.573735, "fair_value": 66.56598, "relative_strength": 4.396867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.479408, "energy": 30.80105, "activity_lines": [ 109.101145, 108.052879, 105.766128, 104.031642 ] }, { "date": "2026-02-27", "close": 100.788804, "volume": 369917, "typical_volume": 349824.0, "trend": 101.841491, "fair_value": 66.931986, "relative_strength": -1.873721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.670497, "energy": 15.25439, "activity_lines": [ 106.365673, 106.900668, 105.503424, 103.981001 ] }, { "date": "2026-03-06", "close": 99.141928, "volume": 311431, "typical_volume": 346193.2, "trend": 102.05005, "fair_value": 67.323128, "relative_strength": -2.475841, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.655935, "energy": 11.768906, "activity_lines": [ 103.546478, 105.554714, 105.07693, 103.806836 ] }, { "date": "2026-03-13", "close": 109.781745, "volume": 458340, "typical_volume": 354799.55, "trend": 102.541962, "fair_value": 67.799886, "relative_strength": 8.678362, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.843562, "energy": 17.467094, "activity_lines": [ 104.74663, 106.243219, 105.664651, 104.305655 ] }, { "date": "2026-03-20", "close": 105.270303, "volume": 670910, "typical_volume": 372888.25, "trend": 102.754538, "fair_value": 68.249776, "relative_strength": 5.92413, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.103538, "energy": 13.67551, "activity_lines": [ 104.786554, 105.950573, 105.785943, 104.481677 ] }, { "date": "2026-03-27", "close": 106.318315, "volume": 471810, "typical_volume": 381380.65, "trend": 103.04647, "fair_value": 68.688165, "relative_strength": 10.177856, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.075966, "energy": 8.215035, "activity_lines": [ 105.406045, 105.89297, 105.949967, 104.711598 ] }, { "date": "2026-04-03", "close": 108.743714, "volume": 347126, "typical_volume": 381165.9, "trend": 103.455382, "fair_value": 69.154973, "relative_strength": 8.176356, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.796305, "energy": 18.310758, "activity_lines": [ 106.900544, 106.277696, 106.298235, 105.079162 ] }, { "date": "2026-04-10", "close": 112.925781, "volume": 526014, "typical_volume": 385430.3, "trend": 104.003033, "fair_value": 69.653128, "relative_strength": 7.347942, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.509804, "energy": 32.670062, "activity_lines": [ 109.258737, 107.405046, 106.991279, 105.690156 ] }, { "date": "2026-04-17", "close": 115.740441, "volume": 818692, "typical_volume": 413190.0, "trend": 104.433009, "fair_value": 70.161553, "relative_strength": 3.642959, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.429982, "energy": 51.782888, "activity_lines": [ 111.636227, 108.922466, 107.889964, 106.447408 ] }, { "date": "2026-04-24", "close": 104.811174, "volume": 788681, "typical_volume": 438893.25, "trend": 104.493372, "fair_value": 70.593016, "relative_strength": -7.945008, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.587205, "energy": 36.248828, "activity_lines": [ 109.973381, 108.438112, 107.680813, 106.471806 ] }, { "date": "2026-05-01", "close": 106.807387, "volume": 531029, "typical_volume": 446565.35, "trend": 104.709118, "fair_value": 71.037898, "relative_strength": -7.452766, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.454679, "energy": 27.028891, "activity_lines": [ 109.006549, 108.387844, 107.654932, 106.621097 ] }, { "date": "2026-05-08", "close": 106.627728, "volume": 355670, "typical_volume": 443445.45, "trend": 104.952356, "fair_value": 71.47059, "relative_strength": -12.098179, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.391662, "energy": 13.190404, "activity_lines": [ 107.947225, 108.314165, 107.611909, 106.744878 ] }, { "date": "2026-05-15", "close": 105.43, "volume": 439006, "typical_volume": 458510.0, "trend": 105.155671, "fair_value": 71.884439, "relative_strength": -12.559307, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.012511, "energy": 13.715571, "activity_lines": [ 106.629724, 107.916556, 107.454694, 106.775694 ] }, { "date": "2026-05-22", "close": 110.8, "volume": 644929, "typical_volume": 481511.25, "trend": 105.446988, "fair_value": 72.32691, "relative_strength": -9.011654, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.832578, "energy": 14.228206, "activity_lines": [ 107.601942, 108.380981, 107.80514, 107.139844 ] }, { "date": "2026-05-29", "close": 109.89, "volume": 394451, "typical_volume": 486232.35, "trend": 106.000521, "fair_value": 72.755563, "relative_strength": -12.04522, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.685509, "energy": 13.360743, "activity_lines": [ 108.60019, 108.661439, 108.021934, 107.42649 ] }, { "date": "2026-06-05", "close": 108.09, "volume": 513407, "typical_volume": 500651.4, "trend": 106.386813, "fair_value": 73.173987, "relative_strength": -9.244223, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.706105, "energy": 16.759854, "activity_lines": [ 108.659849, 108.530629, 108.056953, 107.561295 ] }, { "date": "2026-06-12", "close": 115.62, "volume": 424467, "typical_volume": 507304.6, "trend": 106.990624, "fair_value": 73.618288, "relative_strength": -4.980707, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.225839, "energy": 43.940676, "activity_lines": [ 111.144, 109.736698, 108.801032, 108.156985 ] }, { "date": "2026-06-19", "close": 113.53, "volume": 623382, "typical_volume": 489360.45, "trend": 107.447723, "fair_value": 74.065347, "relative_strength": -8.965322, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.577865, "energy": 47.054818, "activity_lines": [ 112.332, 110.437743, 109.30867, 108.57888 ] }, { "date": "2026-06-26", "close": 118.47, "volume": 746859, "typical_volume": 505723.55, "trend": 108.007388, "fair_value": 74.539456, "relative_strength": -0.471933, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.828417, "energy": 60.463148, "activity_lines": [ 114.626667, 112.025984, 110.252036, 109.289994 ] }, { "date": "2026-07-03", "close": 120.34, "volume": 540058, "typical_volume": 516307.05, "trend": 108.57293, "fair_value": 75.034785, "relative_strength": 0.338521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.950191, "energy": 68.971822, "activity_lines": [ 117.033333, 113.904597, 111.356667, 110.085647 ] }, { "date": "2026-07-10", "close": 117.15, "volume": 634509, "typical_volume": 530534.4, "trend": 108.917898, "fair_value": 75.497126, "relative_strength": -3.92712, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.0925, "energy": 62.621114, "activity_lines": [ 117.68, 114.920868, 112.102173, 110.639006 ] }, { "date": "2026-07-17", "close": 123.26, "volume": 756641, "typical_volume": 549870.6, "trend": 109.473176, "fair_value": 75.982105, "relative_strength": 5.47553, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.319419, "energy": 70.719816, "activity_lines": [ 119.759333, 116.86, 113.382758, 111.564303 ] }, { "date": "2026-07-24", "close": 120.1, "volume": 916097, "typical_volume": 580103.9, "trend": 109.988542, "fair_value": 76.437252, "relative_strength": 4.414987, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.352493, "energy": 61.71779, "activity_lines": [ 120.276, 117.922182, 114.255384, 112.249905 ] }, { "date": "2026-07-31", "close": 129.22, "volume": 748417, "typical_volume": 594607.75, "trend": 110.931446, "fair_value": 76.948834, "relative_strength": 11.478205, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.181181, "energy": 69.465321, "activity_lines": [ 123.394667, 120.375818, 115.896781, 113.490644 ] }, { "date": "2026-08-07", "close": 131.38, "volume": 524748, "typical_volume": 587299.65, "trend": 111.720196, "fair_value": 77.477318, "relative_strength": 7.609949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.731232, "energy": 77.227904, "activity_lines": [ 126.516667, 122.887273, 117.651329, 114.809906 ] } ], "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." } } }