{ "ticker": { "uuid": "5ecc7639-cfed-4204-9918-b87fe72178d1", "symbol": "PTC", "name": "PTC 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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 80.622, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -3.253, "architecture_energy": 12.671, "architecture_maturity": 100.0, "architecture_confidence": 44.926, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 57.51, "rotation_up": 38.59, "upward_expansion": 22.23, "deceleration": 41.21, "rotation_down": 16.0, "downward_expansion": 53.9 }, "activity_lines": [ 134.426, 128.606, 130.600714, 134.69071 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 147.71, "trend_reference": 141.285667, "distance_from_trend": 0.045471, "trend_direction": "Weakening", "fair_value": 169.361378, "distance_from_fair_value": -0.127841, "fair_value_direction": "Improving", "relative_strength": -21.548688, "relative_strength_direction": "Improving", "price_momentum": -0.051438, "excess_performance": -0.238892, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.045471, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.103802, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.127841, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.010807, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.215487, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.095082, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.051438, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.352305, "read": "Demand-led" } ], "volume": { "latest": 7440388, "relative_activity": 0.952627, "balance": 1.352305, "dry_up": 1.055358, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.087581, "annualized_volatility": 0.453195, "from_high_reference": -0.32131, "from_low_reference": 0.361382 }, "levels": { "trend_reference": 141.285667, "fair_value_reference": 169.361378, "structural_low": 108.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.003197, "positive_rate": 0.478261, "directional_follow_through": 0.521739, "median_excess_return": -0.015233, "regime_survival": 0.869565, "best_return": 0.137531, "worst_return": -0.225865, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.021751, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.017331, "regime_survival": 0.625, "best_return": 0.211232, "worst_return": -0.161376, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.014174, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.074106, "regime_survival": 0.4, "best_return": 0.316496, "worst_return": -0.267784, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.025545, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.025537, "regime_survival": 0.0, "best_return": 0.185988, "worst_return": -0.134897, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-08-09", "tenure": "Developing", "return": -0.017533, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-10-04", "tenure": "Developing", "return": 0.034801, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": 0.018785, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-01", "tenure": "New", "return": -0.010588, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2024-12-27", "tenure": "Developing", "return": -0.043199, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": 0.048445, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.037688, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-06-13", "tenure": "Established", "return": 0.086906, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": 0.053962, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.056872, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-26", "tenure": "Developing", "return": -0.043138, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": -0.02197, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-26", "tenure": "Developing", "return": 0.002726, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-08-07", "tenure": "Extended", "return": -0.131628, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 139.93, "volume": 3245805, "typical_volume": 3788657.05, "trend": 133.288667, "fair_value": 121.515513, "relative_strength": -5.0925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.406905, "energy": 31.574151, "activity_lines": [ 142.342667, 142.583818, 139.973667, 136.690516 ] }, { "date": "2023-08-25", "close": 144.85, "volume": 3431897, "typical_volume": 3853213.25, "trend": 133.614, "fair_value": 121.859744, "relative_strength": -3.446766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.480877, "energy": 29.898113, "activity_lines": [ 142.854667, 143.014727, 140.763667, 137.436409 ] }, { "date": "2023-09-01", "close": 146.75, "volume": 2638942, "typical_volume": 3864004.65, "trend": 134.154, "fair_value": 122.238333, "relative_strength": -5.678547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.30079, "energy": 39.468895, "activity_lines": [ 144.045333, 143.760182, 141.641476, 138.283892 ] }, { "date": "2023-09-08", "close": 143.64, "volume": 2092985, "typical_volume": 3805093.6, "trend": 134.516, "fair_value": 122.631538, "relative_strength": -6.401367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.675656, "energy": 34.203652, "activity_lines": [ 144.191333, 143.833091, 142.132524, 138.895892 ] }, { "date": "2023-09-15", "close": 141.45, "volume": 6351251, "typical_volume": 3826306.9, "trend": 134.888, "fair_value": 122.986282, "relative_strength": -7.308325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.157095, "energy": 29.335036, "activity_lines": [ 143.446, 143.483455, 142.33381, 139.343247 ] }, { "date": "2023-09-22", "close": 140.65, "volume": 3695858, "typical_volume": 3846441.85, "trend": 135.343333, "fair_value": 123.364295, "relative_strength": -4.673538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.702238, "energy": 22.00971, "activity_lines": [ 142.554667, 142.912, 142.384333, 139.714989 ] }, { "date": "2023-09-29", "close": 141.68, "volume": 3440157, "typical_volume": 3890477.9, "trend": 135.904667, "fair_value": 123.745833, "relative_strength": -4.07824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.204971, "energy": 15.583066, "activity_lines": [ 141.958667, 142.600909, 142.477762, 140.123806 ] }, { "date": "2023-10-06", "close": 140.34, "volume": 2933839, "typical_volume": 3879057.15, "trend": 136.636667, "fair_value": 124.094551, "relative_strength": -6.541279, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.561038, "energy": 12.553521, "activity_lines": [ 141.127333, 142.116182, 142.388429, 140.409957 ] }, { "date": "2023-10-13", "close": 142.86, "volume": 2958493, "typical_volume": 3813240.25, "trend": 137.441667, "fair_value": 124.448654, "relative_strength": -4.940683, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.241663, "energy": 11.421747, "activity_lines": [ 141.563333, 142.204, 142.509905, 140.811462 ] }, { "date": "2023-10-20", "close": 137.75, "volume": 3211713, "typical_volume": 3695130.85, "trend": 137.976667, "fair_value": 124.759551, "relative_strength": -5.481366, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.003235, "energy": 7.292432, "activity_lines": [ 140.348, 141.332909, 142.088381, 140.831355 ] }, { "date": "2023-10-27", "close": 136.06, "volume": 3431295, "typical_volume": 3700280.25, "trend": 138.237667, "fair_value": 125.094038, "relative_strength": -4.018632, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.363724, "energy": 16.184317, "activity_lines": [ 138.816, 140.254727, 141.506762, 140.707699 ] }, { "date": "2023-11-03", "close": 147.51, "volume": 5075151, "typical_volume": 3758261.55, "trend": 138.978333, "fair_value": 125.431667, "relative_strength": -1.952288, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.321564, "energy": 16.230539, "activity_lines": [ 141.406667, 141.328727, 142.027571, 141.305914 ] }, { "date": "2023-11-10", "close": 151.61, "volume": 3325511, "typical_volume": 3718284.9, "trend": 139.774333, "fair_value": 125.780385, "relative_strength": -1.791784, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.508835, "energy": 40.159234, "activity_lines": [ 144.975333, 143.099818, 142.918095, 142.12086 ] }, { "date": "2023-11-17", "close": 153.94, "volume": 3484968, "typical_volume": 3729374.65, "trend": 140.686, "fair_value": 126.118846, "relative_strength": -2.087368, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.931607, "energy": 68.294033, "activity_lines": [ 148.569333, 145.206182, 143.979333, 143.034774 ] }, { "date": "2023-11-24", "close": 154.92, "volume": 2552024, "typical_volume": 3714195.95, "trend": 141.657, "fair_value": 126.415705, "relative_strength": -2.158902, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.587253, "energy": 77.923181, "activity_lines": [ 151.751333, 147.303455, 145.078476, 143.953097 ] }, { "date": "2023-12-01", "close": 159.41, "volume": 4914722, "typical_volume": 3821558.15, "trend": 142.668667, "fair_value": 126.735, "relative_strength": 0.691737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.651669, "energy": 85.236217, "activity_lines": [ 155.285333, 149.972182, 146.521095, 145.098452 ] }, { "date": "2023-12-08", "close": 166.61, "volume": 4041849, "typical_volume": 3903134.8, "trend": 143.885667, "fair_value": 127.078782, "relative_strength": 4.679781, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.369324, "energy": 92.145011, "activity_lines": [ 159.662667, 153.608909, 148.579238, 146.643054 ] }, { "date": "2023-12-15", "close": 171.07, "volume": 5671618, "typical_volume": 3926941.4, "trend": 145.114333, "fair_value": 127.416474, "relative_strength": 4.144621, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.138623, "energy": 95.448217, "activity_lines": [ 164.253333, 157.603273, 150.961762, 148.396882 ] }, { "date": "2023-12-22", "close": 173.97, "volume": 3363115, "typical_volume": 3694828.4, "trend": 146.545667, "fair_value": 127.763397, "relative_strength": 5.064643, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.417385, "energy": 94.882874, "activity_lines": [ 168.513333, 161.566182, 153.504095, 150.258538 ] }, { "date": "2023-12-29", "close": 174.96, "volume": 1456997, "typical_volume": 3565909.5, "trend": 147.78, "fair_value": 128.118205, "relative_strength": 5.446523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.707643, "energy": 93.13133, "activity_lines": [ 171.768, 165.143455, 155.984762, 152.09172 ] }, { "date": "2024-01-05", "close": 165.85, "volume": 4263350, "typical_volume": 3616786.75, "trend": 148.689333, "fair_value": 128.361218, "relative_strength": 3.3772, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.943143, "energy": 85.655737, "activity_lines": [ 170.65, 166.387818, 157.446857, 153.257527 ] }, { "date": "2024-01-12", "close": 172.17, "volume": 3627653, "typical_volume": 3626574.55, "trend": 149.656667, "fair_value": 128.669231, "relative_strength": 4.17989, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.904242, "energy": 68.945372, "activity_lines": [ 171.209333, 168.239636, 159.387429, 154.772409 ] }, { "date": "2024-01-19", "close": 174.7, "volume": 3080034, "typical_volume": 3648629.15, "trend": 150.784667, "fair_value": 128.950128, "relative_strength": 3.030462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.08788, "energy": 68.083131, "activity_lines": [ 172.241333, 170.103091, 161.438857, 156.388108 ] }, { "date": "2024-01-26", "close": 180.65, "volume": 3729754, "typical_volume": 3730467.6, "trend": 152.063, "fair_value": 129.256154, "relative_strength": 6.044917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.829926, "energy": 70.393382, "activity_lines": [ 175.014667, 172.628545, 163.923857, 158.314903 ] }, { "date": "2024-02-02", "close": 178.73, "volume": 6737983, "typical_volume": 3749804.2, "trend": 153.445667, "fair_value": 129.486923, "relative_strength": 3.709226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.357022, "energy": 72.236609, "activity_lines": [ 176.702667, 174.319273, 166.049762, 160.035355 ] }, { "date": "2024-02-09", "close": 183.1, "volume": 4007936, "typical_volume": 3765408.1, "trend": 154.726667, "fair_value": 129.745769, "relative_strength": 4.426206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.422565, "energy": 83.400065, "activity_lines": [ 179.596, 176.371636, 168.414333, 161.948538 ] }, { "date": "2024-02-16", "close": 178.19, "volume": 5536345, "typical_volume": 3870217.5, "trend": 155.815333, "fair_value": 129.947436, "relative_strength": 3.263104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.916177, "energy": 65.40936, "activity_lines": [ 179.702667, 177.100545, 170.109143, 163.462301 ] }, { "date": "2024-02-23", "close": 180.94, "volume": 3683505, "typical_volume": 3907700.8, "trend": 156.959, "fair_value": 130.229487, "relative_strength": 3.48444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.935389, "energy": 63.140749, "activity_lines": [ 180.324667, 178.118909, 171.892, 165.083247 ] }, { "date": "2024-03-01", "close": 187.76, "volume": 5483179, "typical_volume": 4033935.1, "trend": 158.510333, "fair_value": 130.628526, "relative_strength": 5.247467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.267612, "energy": 68.402016, "activity_lines": [ 182.804, 180.197818, 174.131048, 167.070409 ] }, { "date": "2024-03-08", "close": 185.43, "volume": 3606127, "typical_volume": 4053655.8, "trend": 159.916, "fair_value": 130.969808, "relative_strength": 5.454608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.762654, "energy": 61.91426, "activity_lines": [ 184.032667, 181.602364, 175.934381, 168.807161 ] }, { "date": "2024-03-15", "close": 181.81, "volume": 3194412, "typical_volume": 4041811.65, "trend": 161.312, "fair_value": 131.304103, "relative_strength": 4.472913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.890998, "energy": 55.82366, "activity_lines": [ 183.608, 182.158364, 177.165905, 170.219677 ] }, { "date": "2024-03-22", "close": 190.28, "volume": 3351681, "typical_volume": 3955638.15, "trend": 162.826333, "fair_value": 131.655705, "relative_strength": 5.985341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.877828, "energy": 60.13365, "activity_lines": [ 186.092667, 183.964182, 178.986238, 172.088581 ] }, { "date": "2024-03-29", "close": 188.94, "volume": 2682035, "typical_volume": 3923464.35, "trend": 164.232667, "fair_value": 131.944615, "relative_strength": 5.682912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.143837, "energy": 55.551224, "activity_lines": [ 187.324667, 185.197091, 180.475286, 173.773333 ] }, { "date": "2024-04-05", "close": 185.28, "volume": 3039642, "typical_volume": 3901198.05, "trend": 165.620667, "fair_value": 132.196154, "relative_strength": 4.348582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.444535, "energy": 48.886272, "activity_lines": [ 186.803333, 185.505636, 181.438, 175.131226 ] }, { "date": "2024-04-12", "close": 180.06, "volume": 3535363, "typical_volume": 3950365.0, "trend": 166.907667, "fair_value": 132.413462, "relative_strength": 1.882651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.920679, "energy": 37.79008, "activity_lines": [ 184.707333, 184.780909, 181.754333, 176.062796 ] }, { "date": "2024-04-19", "close": 176.37, "volume": 3992700, "typical_volume": 3904263.9, "trend": 168.098333, "fair_value": 132.599551, "relative_strength": 5.364604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.130605, "energy": 21.264605, "activity_lines": [ 181.739333, 183.361091, 181.599524, 176.673269 ] }, { "date": "2024-04-26", "close": 180.99, "volume": 3317053, "typical_volume": 3868024.1, "trend": 169.408667, "fair_value": 132.920385, "relative_strength": 3.887523, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.107353, "energy": 20.046895, "activity_lines": [ 180.674, 182.903636, 181.803952, 177.504989 ] }, { "date": "2024-05-03", "close": 175.77, "volume": 7466845, "typical_volume": 3957785.45, "trend": 170.589667, "fair_value": 133.206346, "relative_strength": -0.152625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.934428, "energy": 17.006609, "activity_lines": [ 178.488, 181.446182, 181.442762, 177.915398 ] }, { "date": "2024-05-10", "close": 180.0, "volume": 3028140, "typical_volume": 3941036.7, "trend": 171.827667, "fair_value": 133.533205, "relative_strength": 0.707934, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.698145, "energy": 13.39994, "activity_lines": [ 178.59, 180.851818, 181.462048, 178.522516 ] }, { "date": "2024-05-17", "close": 184.22, "volume": 3604629, "typical_volume": 4048418.3, "trend": 173.376667, "fair_value": 133.875833, "relative_strength": 0.825732, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.272558, "energy": 11.171087, "activity_lines": [ 180.450667, 181.165818, 181.854524, 179.322022 ] }, { "date": "2024-05-24", "close": 183.0, "volume": 2743794, "typical_volume": 3972440.5, "trend": 174.941333, "fair_value": 134.189038, "relative_strength": -1.294405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.349713, "energy": 14.967189, "activity_lines": [ 181.627333, 181.28, 182.086714, 179.942882 ] }, { "date": "2024-05-31", "close": 176.24, "volume": 3763399, "typical_volume": 3979227.8, "trend": 175.899, "fair_value": 134.469167, "relative_strength": -3.411369, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.663419, "energy": 6.453923, "activity_lines": [ 180.108667, 180.143455, 181.593429, 180.026667 ] }, { "date": "2024-06-07", "close": 174.48, "volume": 3855278, "typical_volume": 4017990.0, "trend": 176.661333, "fair_value": 134.713141, "relative_strength": -6.832638, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.331264, "energy": 4.552991, "activity_lines": [ 178.32, 178.942182, 180.913143, 179.935118 ] }, { "date": "2024-06-14", "close": 173.5, "volume": 2735797, "typical_volume": 3968292.15, "trend": 177.313333, "fair_value": 134.980769, "relative_strength": -10.367656, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.116868, "energy": 24.07831, "activity_lines": [ 176.290667, 177.825636, 180.140571, 179.731161 ] }, { "date": "2024-06-21", "close": 177.21, "volume": 3240962, "typical_volume": 3793441.1, "trend": 178.056333, "fair_value": 135.227692, "relative_strength": -8.545986, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.398248, "energy": 27.451439, "activity_lines": [ 175.931333, 177.597818, 179.755381, 179.724495 ] }, { "date": "2024-06-28", "close": 181.67, "volume": 4332414, "typical_volume": 3809665.0, "trend": 178.798333, "fair_value": 135.469295, "relative_strength": -6.146894, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.268603, "energy": 16.644159, "activity_lines": [ 177.526, 178.232727, 179.80219, 179.957634 ] }, { "date": "2024-07-05", "close": 186.46, "volume": 2287562, "typical_volume": 3647225.85, "trend": 179.46, "fair_value": 135.734167, "relative_strength": -6.975722, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.18136, "energy": 15.163137, "activity_lines": [ 180.806, 179.642182, 180.312, 180.451935 ] }, { "date": "2024-07-12", "close": 182.73, "volume": 6266401, "typical_volume": 3776370.65, "trend": 179.848667, "fair_value": 136.006795, "relative_strength": -8.524449, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.902719, "energy": 18.626163, "activity_lines": [ 182.161333, 180.274, 180.42719, 180.662903 ] }, { "date": "2024-07-19", "close": 175.92, "volume": 4914398, "typical_volume": 3747931.6, "trend": 179.913667, "fair_value": 136.155705, "relative_strength": -8.218068, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.969987, "energy": 8.834799, "activity_lines": [ 180.696667, 179.541091, 179.885286, 180.409441 ] }, { "date": "2024-07-26", "close": 173.8, "volume": 3740880, "typical_volume": 3754669.25, "trend": 179.875, "fair_value": 136.401538, "relative_strength": -6.878324, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.712498, "energy": 9.214592, "activity_lines": [ 178.364, 178.496909, 179.197857, 180.015011 ] }, { "date": "2024-08-02", "close": 172.05, "volume": 5257362, "typical_volume": 3857816.75, "trend": 180.081667, "fair_value": 136.636667, "relative_strength": -4.900269, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.115904, "energy": 42.074132, "activity_lines": [ 175.675333, 177.324, 178.399143, 179.510172 ] }, { "date": "2024-08-09", "close": 173.15, "volume": 4971337, "typical_volume": 3938799.55, "trend": 180.114333, "fair_value": 136.900385, "relative_strength": -4.602046, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.497391, "energy": 47.882307, "activity_lines": [ 173.994667, 176.550182, 177.751667, 179.062968 ] }, { "date": "2024-08-16", "close": 173.56, "volume": 2501679, "typical_volume": 3929781.75, "trend": 180.076333, "fair_value": 137.190577, "relative_strength": -9.21063, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.82022, "energy": 50.247425, "activity_lines": [ 173.338, 175.907091, 177.22481, 178.640108 ] }, { "date": "2024-08-23", "close": 177.31, "volume": 2560250, "typical_volume": 3905812.15, "trend": 179.965, "fair_value": 137.481154, "relative_strength": -8.072007, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.061132, "energy": 39.524734, "activity_lines": [ 174.542667, 175.962545, 177.128333, 178.461634 ] }, { "date": "2024-08-30", "close": 179.09, "volume": 4719031, "typical_volume": 3964995.55, "trend": 179.977, "fair_value": 137.776667, "relative_strength": -6.35338, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.089388, "energy": 18.933678, "activity_lines": [ 176.248, 176.272364, 177.239333, 178.405183 ] }, { "date": "2024-09-06", "close": 164.76, "volume": 3778310, "typical_volume": 3954276.05, "trend": 179.365667, "fair_value": 138.027564, "relative_strength": -8.458905, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.2256, "energy": 33.570676, "activity_lines": [ 172.824, 173.942545, 175.99019, 177.423441 ] }, { "date": "2024-09-13", "close": 172.23, "volume": 4323134, "typical_volume": 4004580.1, "trend": 179.167, "fair_value": 138.342244, "relative_strength": -9.579163, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.101514, "energy": 27.002189, "activity_lines": [ 172.376, 173.278364, 175.507762, 176.963075 ] }, { "date": "2024-09-20", "close": 175.9, "volume": 4361606, "typical_volume": 3849318.15, "trend": 178.999, "fair_value": 138.678013, "relative_strength": -8.878065, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.089627, "energy": 24.834641, "activity_lines": [ 173.212667, 173.540182, 175.416571, 176.752301 ] }, { "date": "2024-09-27", "close": 182.18, "volume": 2513272, "typical_volume": 3823574.75, "trend": 178.813, "fair_value": 139.073333, "relative_strength": -6.484166, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.518089, "energy": 11.441548, "activity_lines": [ 175.986667, 175.068, 175.922857, 176.957527 ] }, { "date": "2024-10-04", "close": 179.6, "volume": 2528394, "typical_volume": 3769763.0, "trend": 178.618667, "fair_value": 139.455128, "relative_strength": -7.832662, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.36464, "energy": 12.967017, "activity_lines": [ 177.576, 176.012909, 176.173048, 177.008301 ] }, { "date": "2024-10-11", "close": 181.0, "volume": 2863149, "typical_volume": 3775730.75, "trend": 178.591667, "fair_value": 139.823718, "relative_strength": -8.132508, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.399063, "energy": 18.179386, "activity_lines": [ 179.598, 177.106909, 176.578571, 177.161935 ] }, { "date": "2024-10-18", "close": 184.4, "volume": 2866749, "typical_volume": 3730898.25, "trend": 178.395667, "fair_value": 140.184551, "relative_strength": -6.535001, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.304086, "energy": 33.525098, "activity_lines": [ 181.670667, 178.656364, 177.317429, 177.536667 ] }, { "date": "2024-10-25", "close": 187.01, "volume": 3025985, "typical_volume": 3689433.6, "trend": 178.331333, "fair_value": 140.566987, "relative_strength": -5.287264, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.952534, "energy": 50.59572, "activity_lines": [ 183.802, 180.475818, 178.266, 178.09243 ] }, { "date": "2024-11-01", "close": 185.03, "volume": 3441092, "typical_volume": 3724698.35, "trend": 178.323, "fair_value": 140.945769, "relative_strength": -4.661401, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.376266, "energy": 60.366417, "activity_lines": [ 184.532667, 181.690727, 178.966333, 178.524602 ] }, { "date": "2024-11-08", "close": 192.83, "volume": 6769231, "typical_volume": 3901111.8, "trend": 178.748667, "fair_value": 141.400897, "relative_strength": -5.674875, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.360915, "energy": 69.716495, "activity_lines": [ 187.673333, 184.183455, 180.354619, 179.460538 ] }, { "date": "2024-11-15", "close": 190.01, "volume": 4232329, "typical_volume": 3896107.55, "trend": 179.203333, "fair_value": 141.866795, "relative_strength": -3.677815, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.494887, "energy": 64.317555, "activity_lines": [ 188.992, 185.913636, 181.399952, 180.187075 ] }, { "date": "2024-11-22", "close": 197.64, "volume": 3690176, "typical_volume": 3966238.25, "trend": 179.758333, "fair_value": 142.454615, "relative_strength": -1.590075, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.613744, "energy": 71.234467, "activity_lines": [ 192.253333, 188.572, 183.132238, 181.376538 ] }, { "date": "2024-11-29", "close": 200.06, "volume": 3119309, "typical_volume": 3808883.65, "trend": 180.568, "fair_value": 143.013397, "relative_strength": -1.065349, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.064963, "energy": 78.031738, "activity_lines": [ 195.438667, 191.208364, 185.041762, 182.686323 ] }, { "date": "2024-12-06", "close": 200.92, "volume": 3135682, "typical_volume": 3719947.85, "trend": 181.265333, "fair_value": 143.528462, "relative_strength": -3.583746, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.280049, "energy": 80.587686, "activity_lines": [ 198.040667, 193.561818, 186.950667, 183.999355 ] }, { "date": "2024-12-13", "close": 198.68, "volume": 3003314, "typical_volume": 3683069.55, "trend": 181.747333, "fair_value": 144.028013, "relative_strength": -5.154068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.732838, "energy": 77.384075, "activity_lines": [ 198.836667, 195.167273, 188.52719, 185.122882 ] }, { "date": "2024-12-20", "close": 187.58, "volume": 5682562, "typical_volume": 3704329.55, "trend": 181.9, "fair_value": 144.457949, "relative_strength": -8.106423, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.134457, "energy": 46.489107, "activity_lines": [ 195.542667, 194.407636, 188.928095, 185.499183 ] }, { "date": "2024-12-27", "close": 184.5, "volume": 1751656, "typical_volume": 3543345.5, "trend": 182.175333, "fair_value": 144.864038, "relative_strength": -10.096446, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.257597, "energy": 25.038866, "activity_lines": [ 191.384, 192.968364, 188.961714, 185.666925 ] }, { "date": "2025-01-03", "close": 184.54, "volume": 2724998, "typical_volume": 3554511.45, "trend": 182.510667, "fair_value": 145.309295, "relative_strength": -9.09907, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.795946, "energy": 22.544452, "activity_lines": [ 188.114667, 191.534545, 188.945095, 185.819484 ] }, { "date": "2025-01-10", "close": 182.38, "volume": 3191498, "typical_volume": 3586073.85, "trend": 182.806667, "fair_value": 145.735577, "relative_strength": -7.859143, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.330604, "energy": 23.421001, "activity_lines": [ 185.16, 189.752909, 188.670476, 185.811054 ] }, { "date": "2025-01-17", "close": 187.79, "volume": 3257949, "typical_volume": 3513019.75, "trend": 183.159333, "fair_value": 146.195385, "relative_strength": -7.510513, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.963948, "energy": 22.554587, "activity_lines": [ 185.244667, 189.003091, 188.886952, 186.132559 ] }, { "date": "2025-01-24", "close": 188.96, "volume": 3313439, "typical_volume": 3489776.2, "trend": 183.402333, "fair_value": 146.679679, "relative_strength": -7.993322, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.521375, "energy": 14.095108, "activity_lines": [ 186.445333, 188.557636, 189.173429, 186.506796 ] }, { "date": "2025-01-31", "close": 193.48, "volume": 5939303, "typical_volume": 3570584.65, "trend": 183.636333, "fair_value": 147.177885, "relative_strength": -4.237568, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.749256, "energy": 16.318422, "activity_lines": [ 189.060667, 188.953091, 189.775143, 187.156968 ] }, { "date": "2025-02-07", "close": 169.02, "volume": 9402709, "typical_volume": 3822639.8, "trend": 183.179333, "fair_value": 147.529615, "relative_strength": -16.034847, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -37.750571, "energy": 24.940855, "activity_lines": [ 182.924, 184.976909, 187.946143, 186.213978 ] }, { "date": "2025-02-14", "close": 171.1, "volume": 7151108, "typical_volume": 4054531.6, "trend": 183.018667, "fair_value": 147.92859, "relative_strength": -16.999224, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.292337, "energy": 49.993621, "activity_lines": [ 178.515333, 181.943273, 186.348, 185.434667 ] }, { "date": "2025-02-21", "close": 161.65, "volume": 4179651, "typical_volume": 4137094.45, "trend": 182.613667, "fair_value": 148.249936, "relative_strength": -19.341127, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.416374, "energy": 73.062225, "activity_lines": [ 171.708667, 177.733636, 183.902619, 184.056043 ] }, { "date": "2025-02-28", "close": 163.63, "volume": 6056217, "typical_volume": 4296747.85, "trend": 182.333, "fair_value": 148.606603, "relative_strength": -15.038749, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.49065, "energy": 76.147328, "activity_lines": [ 167.304667, 174.557273, 181.731286, 182.83129 ] }, { "date": "2025-03-07", "close": 162.65, "volume": 5305479, "typical_volume": 4418684.35, "trend": 181.983, "fair_value": 148.982949, "relative_strength": -12.315868, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.134858, "energy": 84.863608, "activity_lines": [ 164.262667, 171.638182, 179.549333, 181.561419 ] }, { "date": "2025-03-14", "close": 155.8, "volume": 6456851, "typical_volume": 4590227.65, "trend": 181.391, "fair_value": 149.267436, "relative_strength": -13.45813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.352769, "energy": 89.303746, "activity_lines": [ 160.992667, 167.870909, 176.818571, 179.872194 ] }, { "date": "2025-03-21", "close": 159.84, "volume": 4522918, "typical_volume": 4644318.95, "trend": 180.808667, "fair_value": 149.604103, "relative_strength": -10.994941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.543948, "energy": 83.822184, "activity_lines": [ 159.950667, 165.360727, 174.62119, 178.481806 ] }, { "date": "2025-03-28", "close": 154.8, "volume": 4200378, "typical_volume": 4515876.3, "trend": 179.999, "fair_value": 149.911987, "relative_strength": -11.295734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.397142, "energy": 78.808892, "activity_lines": [ 157.979333, 162.344, 172.063762, 176.803828 ] }, { "date": "2025-04-04", "close": 139.77, "volume": 5943482, "typical_volume": 4601433.95, "trend": 179.166, "fair_value": 150.144487, "relative_strength": -10.713746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.519138, "energy": 85.494151, "activity_lines": [ 151.454667, 157.194364, 168.256, 174.208409 ] }, { "date": "2025-04-11", "close": 145.32, "volume": 6312005, "typical_volume": 4732525.4, "trend": 178.269, "fair_value": 150.443269, "relative_strength": -13.229227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.72378, "energy": 72.917203, "activity_lines": [ 148.370667, 153.948182, 165.216048, 172.024796 ] }, { "date": "2025-04-18", "close": 143.56, "volume": 3282973, "typical_volume": 4740708.6, "trend": 177.191, "fair_value": 150.728141, "relative_strength": -11.810383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.448389, "energy": 70.504713, "activity_lines": [ 145.855333, 151.257636, 162.257619, 169.785505 ] }, { "date": "2025-04-25", "close": 154.03, "volume": 3732153, "typical_volume": 4770532.15, "trend": 176.252667, "fair_value": 150.983397, "relative_strength": -10.62455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.455272, "energy": 59.026748, "activity_lines": [ 147.646, 150.933636, 160.565381, 168.291247 ] }, { "date": "2025-05-02", "close": 160.09, "volume": 5679967, "typical_volume": 4904364.8, "trend": 175.602333, "fair_value": 151.301859, "relative_strength": -9.826376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.053874, "energy": 44.253473, "activity_lines": [ 151.844, 152.021818, 159.673571, 167.248495 ] }, { "date": "2025-05-09", "close": 163.02, "volume": 4147713, "typical_volume": 4827622.35, "trend": 175.003, "fair_value": 151.644615, "relative_strength": -7.644559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.503509, "energy": 28.063524, "activity_lines": [ 156.666, 153.671091, 159.244571, 166.436731 ] }, { "date": "2025-05-16", "close": 172.91, "volume": 4378540, "typical_volume": 4958966.55, "trend": 174.62, "fair_value": 152.025962, "relative_strength": -7.95649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.847664, "energy": 23.654588, "activity_lines": [ 163.234667, 157.129636, 159.874429, 166.301699 ] }, { "date": "2025-05-23", "close": 168.77, "volume": 3332453, "typical_volume": 4989339.3, "trend": 174.012, "fair_value": 152.347244, "relative_strength": -7.64745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.138492, "energy": 25.840424, "activity_lines": [ 166.584, 159.648909, 160.16519, 165.92428 ] }, { "date": "2025-05-30", "close": 168.32, "volume": 4237919, "typical_volume": 5041660.35, "trend": 173.455, "fair_value": 152.666218, "relative_strength": -9.308839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.740589, "energy": 22.879444, "activity_lines": [ 168.102667, 161.850545, 160.48819, 165.557054 ] }, { "date": "2025-06-06", "close": 170.34, "volume": 3137054, "typical_volume": 5035615.6, "trend": 172.705333, "fair_value": 153.058846, "relative_strength": -9.812676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.97359, "energy": 23.445367, "activity_lines": [ 169.342, 164.265273, 161.070524, 165.356086 ] }, { "date": "2025-06-13", "close": 169.34, "volume": 4263543, "typical_volume": 5083120.8, "trend": 172.016333, "fair_value": 153.478269, "relative_strength": -9.629248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.368018, "energy": 18.840679, "activity_lines": [ 169.564667, 166.215636, 161.640714, 165.138968 ] }, { "date": "2025-06-20", "close": 166.97, "volume": 4235219, "typical_volume": 4997916.6, "trend": 170.994, "fair_value": 153.827821, "relative_strength": -10.60926, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.486034, "energy": 14.572515, "activity_lines": [ 168.576, 167.197455, 162.078619, 164.813398 ] }, { "date": "2025-06-27", "close": 169.3, "volume": 5047944, "typical_volume": 4780178.35, "trend": 169.968667, "fair_value": 154.227179, "relative_strength": -12.631645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.329052, "energy": 12.080496, "activity_lines": [ 168.76, 168.209273, 162.864667, 164.704108 ] }, { "date": "2025-07-04", "close": 175.98, "volume": 3243606, "typical_volume": 4584803.25, "trend": 169.137333, "fair_value": 154.67, "relative_strength": -10.211351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.577998, "energy": 26.410168, "activity_lines": [ 171.135333, 169.967636, 164.285571, 165.091935 ] }, { "date": "2025-07-11", "close": 193.505, "volume": 15201191, "typical_volume": 5135880.25, "trend": 168.964833, "fair_value": 155.255032, "relative_strength": -0.789749, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 57.459483, "energy": 57.879229, "activity_lines": [ 178.841667, 174.513273, 167.352286, 166.664043 ] }, { "date": "2025-07-18", "close": 199.61, "volume": 6236902, "typical_volume": 5144914.5, "trend": 169.365833, "fair_value": 155.821891, "relative_strength": 1.144659, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.459248, "energy": 74.725491, "activity_lines": [ 187.038667, 179.561364, 170.848738, 168.641151 ] }, { "date": "2025-07-25", "close": 204.51, "volume": 4203788, "typical_volume": 5089829.95, "trend": 170.032833, "fair_value": 156.341955, "relative_strength": 2.784815, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.18023, "energy": 93.330066, "activity_lines": [ 194.851, 184.835091, 174.640524, 170.908516 ] }, { "date": "2025-08-01", "close": 212.11, "volume": 6897580, "typical_volume": 5111866.4, "trend": 170.951833, "fair_value": 156.930481, "relative_strength": 9.023862, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.084289, "energy": 94.643593, "activity_lines": [ 202.694, 190.916091, 178.956786, 173.623172 ] }, { "date": "2025-08-08", "close": 205.42, "volume": 4777097, "typical_volume": 5124575.35, "trend": 171.719833, "fair_value": 157.445801, "relative_strength": 1.948782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.874021, "energy": 87.521849, "activity_lines": [ 205.453, 194.992727, 182.367762, 175.846925 ] }, { "date": "2025-08-15", "close": 205.84, "volume": 3934797, "typical_volume": 5111296.3, "trend": 172.3215, "fair_value": 157.999263, "relative_strength": 1.724203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.259724, "energy": 85.576227, "activity_lines": [ 206.389333, 198.471182, 185.60169, 178.048226 ] }, { "date": "2025-08-22", "close": 215.05, "volume": 3903960, "typical_volume": 5009320.2, "trend": 173.191167, "fair_value": 158.643237, "relative_strength": 7.246856, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.743527, "energy": 78.155989, "activity_lines": [ 209.573333, 202.978727, 189.469714, 180.804903 ] }, { "date": "2025-08-29", "close": 213.5, "volume": 3941574, "typical_volume": 4890798.65, "trend": 173.8585, "fair_value": 159.274327, "relative_strength": 6.789335, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.720363, "energy": 65.359584, "activity_lines": [ 211.211333, 206.373364, 192.831643, 183.405473 ] }, { "date": "2025-09-05", "close": 213.9, "volume": 2587806, "typical_volume": 4856040.3, "trend": 175.3545, "fair_value": 159.876442, "relative_strength": 5.926201, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.763641, "energy": 63.512784, "activity_lines": [ 212.383333, 208.994727, 195.907, 185.988796 ] }, { "date": "2025-09-12", "close": 205.11, "volume": 5189802, "typical_volume": 4928922.75, "trend": 176.488167, "fair_value": 160.454712, "relative_strength": -0.181337, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.697404, "energy": 55.173479, "activity_lines": [ 210.506, 209.207, 197.810262, 187.908505 ] }, { "date": "2025-09-19", "close": 205.95, "volume": 4879986, "typical_volume": 4888923.7, "trend": 177.964833, "fair_value": 161.09516, "relative_strength": -1.770517, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.015143, "energy": 44.393632, "activity_lines": [ 208.929333, 209.042364, 199.550286, 189.809269 ] }, { "date": "2025-09-26", "close": 202.96, "volume": 3543382, "typical_volume": 4858707.15, "trend": 179.275833, "fair_value": 161.725673, "relative_strength": -2.568565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.144787, "energy": 35.619438, "activity_lines": [ 206.348667, 208.107818, 200.787167, 191.42186 ] }, { "date": "2025-10-03", "close": 203.0, "volume": 3687765, "typical_volume": 4824168.4, "trend": 180.620833, "fair_value": 162.320737, "relative_strength": -3.533976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.661829, "energy": 26.522543, "activity_lines": [ 204.587333, 207.119636, 201.837667, 192.952452 ] }, { "date": "2025-10-10", "close": 196.9, "volume": 3159260, "typical_volume": 4815508.75, "trend": 181.990833, "fair_value": 162.906186, "relative_strength": -4.077292, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.573215, "energy": 24.317594, "activity_lines": [ 201.492667, 205.049818, 202.163929, 194.00272 ] }, { "date": "2025-10-17", "close": 202.86, "volume": 3346597, "typical_volume": 4770942.65, "trend": 183.424833, "fair_value": 163.486122, "relative_strength": -3.326807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.536463, "energy": 22.550925, "activity_lines": [ 201.518, 204.340182, 202.923857, 195.349118 ] }, { "date": "2025-10-24", "close": 204.81, "volume": 3092455, "typical_volume": 4768712.7, "trend": 185.091833, "fair_value": 164.049391, "relative_strength": -4.22783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.062658, "energy": 19.836489, "activity_lines": [ 202.343333, 204.031636, 203.705024, 196.728806 ] }, { "date": "2025-10-31", "close": 198.54, "volume": 3333491, "typical_volume": 4722210.1, "trend": 187.050833, "fair_value": 164.525673, "relative_strength": -8.591468, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.317567, "energy": 15.190302, "activity_lines": [ 201.154667, 202.601818, 203.724905, 197.59643 ] }, { "date": "2025-11-07", "close": 176.11, "volume": 7193359, "typical_volume": 4870117.1, "trend": 188.077167, "fair_value": 164.808942, "relative_strength": -15.934782, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -21.028328, "energy": 26.181596, "activity_lines": [ 192.784, 197.394, 201.469548, 196.89057 ] }, { "date": "2025-11-14", "close": 179.61, "volume": 5273143, "typical_volume": 4881377.05, "trend": 189.278833, "fair_value": 165.169904, "relative_strength": -13.706951, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.395486, "energy": 55.031756, "activity_lines": [ 187.372667, 193.502364, 199.504, 196.344301 ] }, { "date": "2025-11-21", "close": 172.12, "volume": 4112874, "typical_volume": 4924840.45, "trend": 189.881833, "fair_value": 165.474327, "relative_strength": -14.183924, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.477899, "energy": 73.491903, "activity_lines": [ 180.617333, 188.872364, 196.776024, 195.23728 ] }, { "date": "2025-11-28", "close": 175.43, "volume": 3575676, "typical_volume": 4343564.7, "trend": 190.393167, "fair_value": 165.788173, "relative_strength": -16.12715, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.874716, "energy": 71.693857, "activity_lines": [ 177.014667, 185.444, 194.381667, 194.304903 ] }, { "date": "2025-12-05", "close": 173.52, "volume": 4086965, "typical_volume": 4236067.85, "trend": 190.743167, "fair_value": 166.123622, "relative_strength": -17.366777, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.235955, "energy": 75.177234, "activity_lines": [ 174.734, 182.223273, 191.891476, 193.216312 ] }, { "date": "2025-12-12", "close": 176.0, "volume": 4702392, "typical_volume": 4260998.05, "trend": 190.846167, "fair_value": 166.460096, "relative_strength": -14.124725, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.649375, "energy": 70.692718, "activity_lines": [ 174.948, 179.988727, 189.761714, 192.26514 ] }, { "date": "2025-12-19", "close": 178.17, "volume": 6536069, "typical_volume": 4242922.5, "trend": 191.1595, "fair_value": 166.824968, "relative_strength": -13.174999, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.497272, "energy": 46.878887, "activity_lines": [ 175.892667, 178.639636, 187.974381, 191.447323 ] }, { "date": "2025-12-26", "close": 176.59, "volume": 1578623, "typical_volume": 4082998.8, "trend": 191.435167, "fair_value": 167.187468, "relative_strength": -14.643518, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.508636, "energy": 50.884165, "activity_lines": [ 176.406667, 177.343818, 186.19819, 190.507355 ] }, { "date": "2026-01-02", "close": 170.1, "volume": 2579650, "typical_volume": 4015241.45, "trend": 191.427167, "fair_value": 167.491378, "relative_strength": -15.945286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.133338, "energy": 53.607825, "activity_lines": [ 174.459333, 175.345636, 183.94119, 189.130892 ] }, { "date": "2026-01-09", "close": 171.52, "volume": 3400075, "typical_volume": 3990047.2, "trend": 191.499833, "fair_value": 167.759519, "relative_strength": -16.647745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.110601, "energy": 52.228819, "activity_lines": [ 173.340667, 174.236727, 181.989619, 187.846559 ] }, { "date": "2026-01-16", "close": 166.75, "volume": 5045994, "typical_volume": 4045268.2, "trend": 191.4925, "fair_value": 167.995417, "relative_strength": -17.813537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.966965, "energy": 58.297428, "activity_lines": [ 170.765333, 172.751818, 179.791048, 186.249796 ] }, { "date": "2026-01-23", "close": 162.14, "volume": 2937420, "typical_volume": 4062748.9, "trend": 191.253833, "fair_value": 168.168814, "relative_strength": -19.809374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.97937, "energy": 75.086132, "activity_lines": [ 167.27, 170.598909, 177.376048, 184.356086 ] }, { "date": "2026-01-30", "close": 156.13, "volume": 5282883, "typical_volume": 4067402.95, "trend": 190.592167, "fair_value": 168.332788, "relative_strength": -22.116986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.905921, "energy": 83.268474, "activity_lines": [ 162.84, 167.670909, 174.635143, 182.090032 ] }, { "date": "2026-02-06", "close": 155.72, "volume": 9487045, "typical_volume": 4297755.9, "trend": 189.332667, "fair_value": 168.47984, "relative_strength": -20.435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.890966, "energy": 89.821297, "activity_lines": [ 159.637333, 164.959091, 172.088429, 179.840215 ] }, { "date": "2026-02-13", "close": 156.77, "volume": 7759735, "typical_volume": 4508573.55, "trend": 187.904667, "fair_value": 168.649583, "relative_strength": -18.581644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.9179, "energy": 83.28492, "activity_lines": [ 157.743333, 162.796545, 169.880905, 177.739398 ] }, { "date": "2026-02-20", "close": 155.16, "volume": 4611214, "typical_volume": 4554746.0, "trend": 186.259667, "fair_value": 168.83016, "relative_strength": -20.070496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.305621, "energy": 79.305873, "activity_lines": [ 156.296, 160.645818, 167.74, 175.626839 ] }, { "date": "2026-02-27", "close": 156.59, "volume": 5623698, "typical_volume": 4677967.9, "trend": 184.409, "fair_value": 169.033686, "relative_strength": -18.809916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.641987, "energy": 60.991477, "activity_lines": [ 156.098, 159.134, 165.963095, 173.712667 ] }, { "date": "2026-03-06", "close": 162.71, "volume": 6157451, "typical_volume": 4818510.6, "trend": 182.985333, "fair_value": 169.317853, "relative_strength": -14.258978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.142289, "energy": 50.321505, "activity_lines": [ 158.31, 159.127273, 164.961, 172.312731 ] }, { "date": "2026-03-13", "close": 155.89, "volume": 3927487, "typical_volume": 4860262.2, "trend": 181.320333, "fair_value": 169.556186, "relative_strength": -16.695093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.715341, "energy": 48.225841, "activity_lines": [ 157.81, 158.132909, 163.500571, 170.564645 ] }, { "date": "2026-03-20", "close": 149.81, "volume": 6442714, "typical_volume": 5015723.35, "trend": 179.145667, "fair_value": 169.736378, "relative_strength": -17.956458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.456479, "energy": 50.698705, "activity_lines": [ 155.272, 156.291455, 161.694048, 168.53172 ] }, { "date": "2026-03-27", "close": 137.61, "volume": 6225172, "typical_volume": 4967314.0, "trend": 176.616, "fair_value": 169.796506, "relative_strength": -21.707906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.637336, "energy": 60.688576, "activity_lines": [ 149.131333, 152.626545, 158.957667, 165.852 ] }, { "date": "2026-04-03", "close": 142.65, "volume": 3367799, "typical_volume": 4872046.8, "trend": 174.241, "fair_value": 169.907788, "relative_strength": -21.521086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.303664, "energy": 69.70051, "activity_lines": [ 145.840667, 150.407818, 156.884619, 163.660645 ] }, { "date": "2026-04-10", "close": 133.44, "volume": 5172978, "typical_volume": 4925052.0, "trend": 171.852, "fair_value": 169.944391, "relative_strength": -29.271598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.341449, "energy": 82.450704, "activity_lines": [ 140.409333, 146.868909, 154.110429, 161.028323 ] }, { "date": "2026-04-17", "close": 139.74, "volume": 6892986, "typical_volume": 5090917.5, "trend": 169.645, "fair_value": 170.028686, "relative_strength": -29.766232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.779187, "energy": 74.29692, "activity_lines": [ 139.029333, 144.888, 152.120429, 158.956581 ] }, { "date": "2026-04-24", "close": 137.17, "volume": 4905152, "typical_volume": 5131826.85, "trend": 167.452, "fair_value": 170.101635, "relative_strength": -32.030104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.160536, "energy": 59.267371, "activity_lines": [ 137.869333, 142.730364, 150.055619, 156.861419 ] }, { "date": "2026-05-01", "close": 136.53, "volume": 6020355, "typical_volume": 5197725.0, "trend": 165.236333, "fair_value": 170.149519, "relative_strength": -32.841751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.097886, "energy": 56.121519, "activity_lines": [ 137.338667, 140.812727, 148.102952, 154.866452 ] }, { "date": "2026-05-08", "close": 146.65, "volume": 11332832, "typical_volume": 5437563.15, "trend": 163.561333, "fair_value": 170.255609, "relative_strength": -31.056923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.302421, "energy": 42.659794, "activity_lines": [ 140.253333, 141.073818, 147.302048, 153.667333 ] }, { "date": "2026-05-15", "close": 141.91, "volume": 6204204, "typical_volume": 5668842.2, "trend": 161.529667, "fair_value": 170.304968, "relative_strength": -32.493237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.912614, "energy": 34.659916, "activity_lines": [ 141.321333, 140.653818, 146.19981, 152.270473 ] }, { "date": "2026-05-22", "close": 148.23, "volume": 6475613, "typical_volume": 5863640.35, "trend": 159.643667, "fair_value": 170.415224, "relative_strength": -29.758666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.281679, "energy": 24.361752, "activity_lines": [ 143.931333, 141.761091, 145.864619, 151.41243 ] }, { "date": "2026-05-29", "close": 138.73, "volume": 7683816, "typical_volume": 6077827.4, "trend": 157.65, "fair_value": 170.420353, "relative_strength": -35.529953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.415171, "energy": 23.65056, "activity_lines": [ 142.808667, 141.280364, 144.72881, 150.063161 ] }, { "date": "2026-06-05", "close": 137.0, "volume": 7983149, "typical_volume": 6224685.15, "trend": 156.346333, "fair_value": 170.410288, "relative_strength": -32.762177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.854052, "energy": 28.771973, "activity_lines": [ 141.005333, 140.686545, 143.584381, 148.730903 ] }, { "date": "2026-06-12", "close": 113.68, "volume": 11353405, "typical_volume": 6645484.4, "trend": 154.148667, "fair_value": 170.221378, "relative_strength": -44.861306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.155471, "energy": 55.900755, "activity_lines": [ 131.397333, 135.863818, 140.360667, 145.978237 ] }, { "date": "2026-06-19", "close": 114.75, "volume": 12947684, "typical_volume": 7028724.45, "trend": 152.236333, "fair_value": 170.054006, "relative_strength": -45.189479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.329421, "energy": 78.908149, "activity_lines": [ 124.344, 131.762364, 137.469619, 143.436387 ] }, { "date": "2026-06-26", "close": 115.72, "volume": 11371420, "typical_volume": 7122943.2, "trend": 150.246, "fair_value": 169.883622, "relative_strength": -41.541227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.350904, "energy": 83.264103, "activity_lines": [ 119.424667, 128.177091, 134.868, 141.080495 ] }, { "date": "2026-07-03", "close": 124.55, "volume": 8187066, "typical_volume": 7144309.75, "trend": 148.613667, "fair_value": 169.802212, "relative_strength": -37.000017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.429767, "energy": 77.805159, "activity_lines": [ 119.616, 126.634, 133.29781, 139.422688 ] }, { "date": "2026-07-10", "close": 124.74, "volume": 7113082, "typical_volume": 7269403.15, "trend": 146.905, "fair_value": 169.674455, "relative_strength": -37.2502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.271868, "energy": 64.703116, "activity_lines": [ 120.816, 125.354909, 131.899143, 137.882452 ] }, { "date": "2026-07-17", "close": 124.37, "volume": 6134109, "typical_volume": 7294923.7, "trend": 145.111667, "fair_value": 169.538814, "relative_strength": -33.894539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.716701, "energy": 43.981897, "activity_lines": [ 122.71, 124.222909, 130.610095, 136.428581 ] }, { "date": "2026-07-24", "close": 118.52, "volume": 8377676, "typical_volume": 7405934.95, "trend": 143.176, "fair_value": 169.358622, "relative_strength": -35.109376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.173958, "energy": 40.507754, "activity_lines": [ 121.941333, 122.432364, 128.917333, 134.712989 ] }, { "date": "2026-07-31", "close": 137.2, "volume": 11018850, "typical_volume": 7760503.1, "trend": 142.079333, "fair_value": 169.332853, "relative_strength": -24.283639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.521542, "energy": 19.807551, "activity_lines": [ 127.148, 124.463455, 129.214048, 134.327441 ] }, { "date": "2026-08-07", "close": 147.71, "volume": 7440388, "typical_volume": 7810386.8, "trend": 141.285667, "fair_value": 169.361378, "relative_strength": -21.548688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.253444, "energy": 12.670819, "activity_lines": [ 134.426, 128.606, 130.600714, 134.69071 ] } ], "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." } } }