{ "ticker": { "uuid": "60c1477a-cfb6-4f12-9cc3-51bff501c44d", "symbol": "BLDR", "name": "Builders FirstSource Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -58.044, "architecture_energy": 58.149, "architecture_maturity": 56.281, "architecture_confidence": 86.649, "architecture_tenure": "Established", "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": 23.08, "rotation_up": 12.45, "upward_expansion": 11.54, "deceleration": 40.05, "rotation_down": 65.33, "downward_expansion": 84.88 }, "activity_lines": [ 72.133333, 75.502909, 76.849905, 80.298538 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 74.69, "trend_reference": 88.235667, "distance_from_trend": -0.153517, "trend_direction": "Weakening", "fair_value": 136.069551, "distance_from_fair_value": -0.45109, "fair_value_direction": "Weakening", "relative_strength": -35.314347, "relative_strength_direction": "Improving", "price_momentum": -0.399695, "excess_performance": -0.525319, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.153517, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.10559, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.45109, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.00112, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.353143, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.041719, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.399695, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.974906, "read": "Supply-led" } ], "volume": { "latest": 11243633, "relative_activity": 0.946847, "balance": 0.974906, "dry_up": 1.004751, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.11488, "annualized_volatility": 0.506445, "from_high_reference": -0.505462, "from_low_reference": 0.147312 }, "levels": { "trend_reference": 88.235667, "fair_value_reference": 136.069551, "structural_low": 65.1, "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": 21, "median_return": -0.022925, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.037887, "regime_survival": 0.761905, "best_return": 0.150054, "worst_return": -0.251567, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.057707, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.010054, "regime_survival": 0.428571, "best_return": 0.450075, "worst_return": -0.317731, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.015099, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.015509, "regime_survival": 0.4, "best_return": 0.758349, "worst_return": -0.283094, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.040573, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.182051, "regime_survival": 0.666667, "best_return": 0.731798, "worst_return": -0.334303, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-09-13", "tenure": "New", "return": 0.005982, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-20", "end": "2024-10-18", "tenure": "Developing", "return": -0.014008, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-11-01", "tenure": "New", "return": -0.048562, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-12-20", "tenure": "Developing", "return": -0.156154, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-24", "tenure": "Developing", "return": 0.149435, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-07-11", "tenure": "Established", "return": -0.203252, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-07-25", "tenure": "New", "return": 0.10808, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-09-05", "tenure": "Developing", "return": 0.146182, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.099348, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": -0.051673, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": 0.005392, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-02-13", "tenure": "Developing", "return": 0.057614, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": -0.157666, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-08-07", "tenure": "Established", "return": -0.152117, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 134.14, "volume": 8984433, "typical_volume": 10309995.45, "trend": 109.039, "fair_value": 65.338141, "relative_strength": 41.002528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.342934, "energy": 59.917, "activity_lines": [ 142.480667, 140.547455, 131.936143, 122.081333 ] }, { "date": "2023-08-25", "close": 129.19, "volume": 7431380, "typical_volume": 10237387.25, "trend": 110.767667, "fair_value": 65.963269, "relative_strength": 33.108693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.475281, "energy": 43.5013, "activity_lines": [ 137.940667, 139.068545, 132.593619, 123.381398 ] }, { "date": "2023-09-01", "close": 148.74, "volume": 7621314, "typical_volume": 9987214.55, "trend": 112.989, "fair_value": 66.724295, "relative_strength": 47.158741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.946147, "energy": 42.852707, "activity_lines": [ 140.553333, 141.002727, 134.905095, 125.831226 ] }, { "date": "2023-09-08", "close": 139.89, "volume": 5745782, "typical_volume": 9773921.0, "trend": 114.974667, "fair_value": 67.416538, "relative_strength": 38.252605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.242829, "energy": 29.247701, "activity_lines": [ 139.876667, 140.942, 136.114762, 127.566774 ] }, { "date": "2023-09-15", "close": 127.24, "volume": 10384944, "typical_volume": 9881532.35, "trend": 116.5, "fair_value": 68.028942, "relative_strength": 24.430722, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.075855, "energy": 19.391652, "activity_lines": [ 135.633333, 138.510545, 135.900524, 128.358086 ] }, { "date": "2023-09-22", "close": 121.84, "volume": 7515316, "typical_volume": 9414863.5, "trend": 117.892667, "fair_value": 68.613878, "relative_strength": 21.382703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.42801, "energy": 11.257251, "activity_lines": [ 130.966667, 135.203818, 135.017381, 128.702602 ] }, { "date": "2023-09-29", "close": 124.49, "volume": 5752917, "typical_volume": 9140479.55, "trend": 119.069667, "fair_value": 69.195929, "relative_strength": 23.615425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.930336, "energy": 15.231371, "activity_lines": [ 128.003333, 132.730182, 134.33619, 129.128237 ] }, { "date": "2023-10-06", "close": 119.31, "volume": 6657976, "typical_volume": 8996430.25, "trend": 120.325333, "fair_value": 69.742788, "relative_strength": 16.942602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.360519, "energy": 24.245522, "activity_lines": [ 123.626667, 129.573636, 133.120476, 129.143742 ] }, { "date": "2023-10-13", "close": 116.27, "volume": 7362194, "typical_volume": 8851878.55, "trend": 121.531333, "fair_value": 70.273365, "relative_strength": 12.490673, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.928024, "energy": 37.862929, "activity_lines": [ 120.198667, 126.306909, 131.619667, 128.882108 ] }, { "date": "2023-10-20", "close": 109.28, "volume": 7385640, "typical_volume": 8260466.4, "trend": 122.358667, "fair_value": 70.764519, "relative_strength": 7.396868, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.357023, "energy": 55.685669, "activity_lines": [ 116.015333, 122.376, 129.449857, 128.091699 ] }, { "date": "2023-10-27", "close": 106.26, "volume": 6707306, "typical_volume": 7989620.5, "trend": 122.941333, "fair_value": 71.251442, "relative_strength": 6.280876, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.879709, "energy": 63.402348, "activity_lines": [ 112.022667, 118.598, 127.038571, 127.053075 ] }, { "date": "2023-11-03", "close": 126.79, "volume": 12671081, "typical_volume": 7684911.2, "trend": 124.316667, "fair_value": 71.845673, "relative_strength": 18.512061, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.163042, "energy": 35.97141, "activity_lines": [ 115.912, 119.059636, 126.657857, 127.301376 ] }, { "date": "2023-11-10", "close": 124.32, "volume": 6909900, "typical_volume": 7521757.95, "trend": 125.315333, "fair_value": 72.419295, "relative_strength": 13.628017, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.149063, "energy": 23.477633, "activity_lines": [ 118.824667, 119.115818, 126.016286, 127.301591 ] }, { "date": "2023-11-17", "close": 133.59, "volume": 8623053, "typical_volume": 7523438.7, "trend": 126.639333, "fair_value": 73.04641, "relative_strength": 18.138819, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 3.346592, "energy": 8.015186, "activity_lines": [ 124.493333, 121.301455, 126.27281, 127.835441 ] }, { "date": "2023-11-24", "close": 134.71, "volume": 4068941, "typical_volume": 7359842.4, "trend": 127.970667, "fair_value": 73.666795, "relative_strength": 16.669706, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.303721, "energy": 22.706442, "activity_lines": [ 129.380667, 123.805273, 126.647476, 128.356129 ] }, { "date": "2023-12-01", "close": 139.28, "volume": 8197819, "typical_volume": 7448638.2, "trend": 128.905, "fair_value": 74.333333, "relative_strength": 18.320933, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.06846, "energy": 30.860845, "activity_lines": [ 134.096, 127.004182, 127.449714, 129.085763 ] }, { "date": "2023-12-08", "close": 147.7, "volume": 9734434, "typical_volume": 7599049.6, "trend": 129.967, "fair_value": 75.050833, "relative_strength": 23.761981, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.276171, "energy": 56.666679, "activity_lines": [ 139.416667, 131.416909, 129.06281, 130.298344 ] }, { "date": "2023-12-15", "close": 162.51, "volume": 35064636, "typical_volume": 9100550.8, "trend": 131.376, "fair_value": 75.839744, "relative_strength": 31.359131, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.679548, "energy": 80.852629, "activity_lines": [ 148.28, 138.100364, 132.043667, 132.397892 ] }, { "date": "2023-12-22", "close": 167.24, "volume": 8536159, "typical_volume": 9039558.45, "trend": 133.098, "fair_value": 76.640833, "relative_strength": 32.213856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.143714, "energy": 90.799988, "activity_lines": [ 156.174, 144.858364, 135.38519, 134.711699 ] }, { "date": "2023-12-29", "close": 166.94, "volume": 3956911, "typical_volume": 8965606.8, "trend": 134.697, "fair_value": 77.449359, "relative_strength": 29.842371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.908874, "energy": 91.447292, "activity_lines": [ 161.724667, 150.635091, 138.614333, 136.895054 ] }, { "date": "2024-01-05", "close": 159.78, "volume": 5572813, "typical_volume": 8795025.8, "trend": 135.953667, "fair_value": 78.21609, "relative_strength": 24.767683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.566586, "energy": 85.677398, "activity_lines": [ 162.74, 154.061636, 141.070857, 138.513312 ] }, { "date": "2024-01-12", "close": 167.39, "volume": 4804431, "typical_volume": 8663678.35, "trend": 137.486333, "fair_value": 79.027115, "relative_strength": 26.812013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.509222, "energy": 85.84173, "activity_lines": [ 164.925333, 157.898727, 144.130048, 140.541462 ] }, { "date": "2024-01-19", "close": 172.51, "volume": 4854309, "typical_volume": 8525328.1, "trend": 138.986, "fair_value": 79.858077, "relative_strength": 27.577857, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.185958, "energy": 80.100779, "activity_lines": [ 167.504667, 161.928545, 147.494952, 142.801054 ] }, { "date": "2024-01-26", "close": 169.52, "volume": 7841156, "typical_volume": 8630096.8, "trend": 140.103333, "fair_value": 80.699551, "relative_strength": 22.786167, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.883523, "energy": 61.114341, "activity_lines": [ 168.420667, 164.538545, 150.461905, 144.770989 ] }, { "date": "2024-02-02", "close": 180.75, "volume": 5125017, "typical_volume": 8367100.45, "trend": 141.691667, "fair_value": 81.585192, "relative_strength": 27.665336, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.489583, "energy": 79.4882, "activity_lines": [ 172.928, 168.537091, 154.357286, 147.393355 ] }, { "date": "2024-02-09", "close": 185.33, "volume": 4889164, "typical_volume": 8235792.85, "trend": 143.164, "fair_value": 82.494872, "relative_strength": 27.65474, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.385684, "energy": 81.713543, "activity_lines": [ 178.041333, 172.531273, 158.434048, 150.208731 ] }, { "date": "2024-02-16", "close": 183.79, "volume": 6506687, "typical_volume": 8273481.35, "trend": 144.666, "fair_value": 83.410769, "relative_strength": 25.647519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.078982, "energy": 76.176607, "activity_lines": [ 180.938, 175.408182, 162.06181, 152.829763 ] }, { "date": "2024-02-23", "close": 188.67, "volume": 5883898, "typical_volume": 8234777.45, "trend": 146.166667, "fair_value": 84.342853, "relative_strength": 25.493866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.436238, "energy": 80.145618, "activity_lines": [ 184.368, 178.516182, 165.871952, 155.668731 ] }, { "date": "2024-03-01", "close": 199.98, "volume": 7950308, "typical_volume": 8264183.15, "trend": 147.844667, "fair_value": 85.345801, "relative_strength": 30.315281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.456445, "energy": 76.100727, "activity_lines": [ 190.490667, 183.204909, 170.428952, 159.140559 ] }, { "date": "2024-03-08", "close": 199.84, "volume": 6013427, "typical_volume": 8195572.5, "trend": 149.576333, "fair_value": 86.327212, "relative_strength": 29.054056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.303189, "energy": 73.495873, "activity_lines": [ 194.536, 187.272909, 174.574, 162.495097 ] }, { "date": "2024-03-15", "close": 195.49, "volume": 7589542, "typical_volume": 8239684.3, "trend": 151.621333, "fair_value": 87.286122, "relative_strength": 24.931965, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.264521, "energy": 73.221743, "activity_lines": [ 195.858667, 189.951818, 177.873524, 165.457269 ] }, { "date": "2024-03-22", "close": 210.54, "volume": 5327561, "typical_volume": 7872508.3, "trend": 154.333, "fair_value": 88.336891, "relative_strength": 30.084646, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.869887, "energy": 80.733275, "activity_lines": [ 201.520667, 194.717818, 182.181476, 169.258473 ] }, { "date": "2024-03-29", "close": 208.55, "volume": 3750194, "typical_volume": 7714523.0, "trend": 156.326667, "fair_value": 89.370096, "relative_strength": 26.991613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.101606, "energy": 70.797455, "activity_lines": [ 204.736, 198.337455, 185.901095, 172.756344 ] }, { "date": "2024-04-05", "close": 204.14, "volume": 4422000, "typical_volume": 7504470.35, "trend": 158.468333, "fair_value": 90.367179, "relative_strength": 24.038328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.974168, "energy": 63.73027, "activity_lines": [ 205.156, 200.5, 188.799619, 175.841075 ] }, { "date": "2024-04-12", "close": 189.53, "volume": 6209863, "typical_volume": 7611516.45, "trend": 160.544667, "fair_value": 91.262821, "relative_strength": 15.894659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.067936, "energy": 53.401548, "activity_lines": [ 200.428667, 199.376727, 189.970762, 177.845054 ] }, { "date": "2024-04-19", "close": 177.03, "volume": 7699936, "typical_volume": 7586622.3, "trend": 162.384333, "fair_value": 92.085, "relative_strength": 10.839113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.400848, "energy": 28.515054, "activity_lines": [ 192.222, 195.821091, 189.690381, 178.908624 ] }, { "date": "2024-04-26", "close": 187.66, "volume": 6070646, "typical_volume": 7403432.9, "trend": 164.49, "fair_value": 92.975962, "relative_strength": 13.53184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.471146, "energy": 24.357212, "activity_lines": [ 188.789333, 194.349091, 190.242619, 180.539312 ] }, { "date": "2024-05-03", "close": 195.81, "volume": 5920070, "typical_volume": 5946204.6, "trend": 167.04, "fair_value": 93.895513, "relative_strength": 17.003314, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.575262, "energy": 25.061352, "activity_lines": [ 189.598667, 194.288545, 191.380762, 182.559957 ] }, { "date": "2024-05-10", "close": 166.96, "volume": 19650258, "typical_volume": 6501909.55, "trend": 168.729667, "fair_value": 94.658526, "relative_strength": -2.265881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.420055, "energy": 17.241454, "activity_lines": [ 181.640667, 188.852727, 189.612714, 182.554796 ] }, { "date": "2024-05-17", "close": 167.05, "volume": 10425029, "typical_volume": 6825315.45, "trend": 170.655333, "fair_value": 95.447564, "relative_strength": -3.939173, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.984096, "energy": 20.259393, "activity_lines": [ 176.191333, 184.033636, 187.854571, 182.44643 ] }, { "date": "2024-05-24", "close": 171.1, "volume": 9807982, "typical_volume": 7037073.9, "trend": 172.816667, "fair_value": 96.258846, "relative_strength": -1.861133, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.694035, "energy": 21.685372, "activity_lines": [ 173.590667, 180.547091, 186.481619, 182.475118 ] }, { "date": "2024-05-31", "close": 160.79, "volume": 9125336, "typical_volume": 7253119.15, "trend": 173.95, "fair_value": 97.015833, "relative_strength": -7.535935, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.93998, "energy": 46.605535, "activity_lines": [ 167.948667, 175.629455, 184.072857, 181.699204 ] }, { "date": "2024-06-07", "close": 146.28, "volume": 10980030, "typical_volume": 7559405.2, "trend": 174.682, "fair_value": 97.672372, "relative_strength": -16.857267, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.931684, "energy": 63.72644, "activity_lines": [ 159.261333, 168.978182, 180.313619, 179.914043 ] }, { "date": "2024-06-14", "close": 149.55, "volume": 7881385, "typical_volume": 7561416.65, "trend": 175.214, "fair_value": 98.360385, "relative_strength": -16.353873, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.220653, "energy": 65.532404, "activity_lines": [ 154.966, 164.053636, 176.990714, 178.292624 ] }, { "date": "2024-06-21", "close": 143.19, "volume": 9447245, "typical_volume": 7777528.05, "trend": 175.496667, "fair_value": 98.988462, "relative_strength": -20.25779, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.644893, "energy": 72.029898, "activity_lines": [ 149.711333, 158.965273, 173.15719, 176.226559 ] }, { "date": "2024-06-28", "close": 138.41, "volume": 11946630, "typical_volume": 8130401.35, "trend": 175.467667, "fair_value": 99.598397, "relative_strength": -22.62243, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.035778, "energy": 82.298798, "activity_lines": [ 144.454, 153.850364, 169.047286, 173.833871 ] }, { "date": "2024-07-05", "close": 132.6, "volume": 5553610, "typical_volume": 8082747.5, "trend": 174.964333, "fair_value": 100.174231, "relative_strength": -26.969632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.409198, "energy": 83.578501, "activity_lines": [ 139.439333, 148.381273, 164.607476, 171.068215 ] }, { "date": "2024-07-12", "close": 152.73, "volume": 10395565, "typical_volume": 8308330.85, "trend": 174.638333, "fair_value": 100.890577, "relative_strength": -16.461407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.570813, "energy": 65.089589, "activity_lines": [ 143.014, 147.573273, 162.328571, 169.633742 ] }, { "date": "2024-07-19", "close": 158.0, "volume": 10881455, "typical_volume": 8454888.2, "trend": 174.330333, "fair_value": 101.612628, "relative_strength": -11.726041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.907717, "energy": 45.677692, "activity_lines": [ 147.915333, 148.506727, 160.722714, 168.560301 ] }, { "date": "2024-07-26", "close": 167.49, "volume": 7969947, "typical_volume": 8552714.2, "trend": 174.348667, "fair_value": 102.401026, "relative_strength": -5.579762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.154301, "energy": 26.780118, "activity_lines": [ 155.416667, 151.328545, 160.220571, 168.118989 ] }, { "date": "2024-08-02", "close": 152.15, "volume": 8750082, "typical_volume": 8610741.2, "trend": 174.094333, "fair_value": 103.073205, "relative_strength": -12.089333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.965521, "energy": 24.767371, "activity_lines": [ 156.184667, 151.353273, 158.411524, 166.686817 ] }, { "date": "2024-08-09", "close": 155.51, "volume": 12636068, "typical_volume": 8976166.55, "trend": 173.698333, "fair_value": 103.738269, "relative_strength": -9.924452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.067735, "energy": 23.573115, "activity_lines": [ 157.156667, 152.333455, 157.128857, 165.487828 ] }, { "date": "2024-08-16", "close": 161.13, "volume": 7150268, "typical_volume": 9146170.25, "trend": 173.319, "fair_value": 104.456346, "relative_strength": -10.147181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.688539, "energy": 20.134541, "activity_lines": [ 158.474667, 154.431455, 156.643476, 164.676968 ] }, { "date": "2024-08-23", "close": 182.21, "volume": 7214713, "typical_volume": 9285805.9, "trend": 173.742, "fair_value": 105.283013, "relative_strength": 0.037539, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.146079, "energy": 13.106726, "activity_lines": [ 166.259333, 160.092182, 158.391524, 165.250581 ] }, { "date": "2024-08-30", "close": 174.0, "volume": 5550098, "typical_volume": 9252817.65, "trend": 173.517, "fair_value": 106.049103, "relative_strength": -4.587593, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.429067, "energy": 16.24998, "activity_lines": [ 169.693333, 163.666364, 159.462095, 165.267226 ] }, { "date": "2024-09-06", "close": 168.51, "volume": 6970592, "typical_volume": 9216350.45, "trend": 172.956333, "fair_value": 106.786538, "relative_strength": -3.572675, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.25793, "energy": 19.607631, "activity_lines": [ 170.863333, 165.682182, 160.083762, 164.944194 ] }, { "date": "2024-09-13", "close": 183.3, "volume": 5553036, "typical_volume": 9190469.95, "trend": 172.94, "fair_value": 107.622949, "relative_strength": 0.633613, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.226868, "energy": 40.605691, "activity_lines": [ 175.872667, 169.839818, 162.154571, 165.611527 ] }, { "date": "2024-09-20", "close": 197.74, "volume": 13364514, "typical_volume": 9562692.15, "trend": 173.242333, "fair_value": 108.543333, "relative_strength": 6.655101, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.657113, "energy": 56.313474, "activity_lines": [ 183.842667, 175.701091, 165.621381, 167.211527 ] }, { "date": "2024-09-27", "close": 194.25, "volume": 6768354, "typical_volume": 8918596.95, "trend": 173.051333, "fair_value": 109.449038, "relative_strength": 3.908301, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.481221, "energy": 58.311803, "activity_lines": [ 188.208667, 180.109455, 168.746619, 168.56686 ] }, { "date": "2024-10-04", "close": 192.28, "volume": 5583807, "typical_volume": 8676535.85, "trend": 172.799333, "fair_value": 110.328462, "relative_strength": 2.258531, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.909798, "energy": 59.00483, "activity_lines": [ 191.115333, 183.500545, 171.554286, 169.807419 ] }, { "date": "2024-10-11", "close": 193.0, "volume": 4787169, "typical_volume": 8425495.2, "trend": 172.716333, "fair_value": 111.199808, "relative_strength": 1.117722, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.380154, "energy": 58.377984, "activity_lines": [ 193.043333, 186.571818, 174.310381, 171.110688 ] }, { "date": "2024-10-18", "close": 194.97, "volume": 4869472, "typical_volume": 8212702.0, "trend": 172.197333, "fair_value": 112.072115, "relative_strength": 0.858947, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.04353, "energy": 60.827664, "activity_lines": [ 193.995333, 189.258545, 177.14981, 172.546409 ] }, { "date": "2024-10-25", "close": 180.8, "volume": 5259939, "typical_volume": 7926697.45, "trend": 171.272333, "fair_value": 112.857564, "relative_strength": -5.848531, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.383736, "energy": 39.521095, "activity_lines": [ 189.446, 188.651455, 178.476952, 173.101419 ] }, { "date": "2024-11-01", "close": 172.02, "volume": 6430840, "typical_volume": 7854170.2, "trend": 170.201667, "fair_value": 113.529231, "relative_strength": -9.195262, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.700773, "energy": 23.009032, "activity_lines": [ 183.099333, 186.090364, 178.803524, 173.149656 ] }, { "date": "2024-11-08", "close": 178.35, "volume": 10698335, "typical_volume": 7916724.7, "trend": 169.829, "fair_value": 114.236603, "relative_strength": -10.190184, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.430759, "energy": 21.68955, "activity_lines": [ 180.344667, 184.865455, 179.625952, 173.675355 ] }, { "date": "2024-11-15", "close": 176.28, "volume": 5724923, "typical_volume": 7605639.35, "trend": 169.804, "fair_value": 114.916346, "relative_strength": -9.350393, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.880577, "energy": 23.931533, "activity_lines": [ 177.828667, 183.185091, 180.08381, 174.091548 ] }, { "date": "2024-11-22", "close": 178.52, "volume": 5907706, "typical_volume": 7623344.15, "trend": 169.499333, "fair_value": 115.602821, "relative_strength": -9.702511, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.425742, "energy": 22.147398, "activity_lines": [ 177.174, 181.770727, 180.574667, 174.653871 ] }, { "date": "2024-11-29", "close": 186.47, "volume": 4239014, "typical_volume": 7315516.6, "trend": 169.188, "fair_value": 116.342308, "relative_strength": -6.793978, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.879461, "energy": 18.246774, "activity_lines": [ 180.266, 181.888727, 181.604, 175.748753 ] }, { "date": "2024-12-06", "close": 175.82, "volume": 4955007, "typical_volume": 7019194.2, "trend": 169.483333, "fair_value": 116.959295, "relative_strength": -12.695664, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.092913, "energy": 10.074282, "activity_lines": [ 179.43, 180.275273, 181.458381, 176.176624 ] }, { "date": "2024-12-13", "close": 166.43, "volume": 5597499, "typical_volume": 6900571.8, "trend": 169.462667, "fair_value": 117.533654, "relative_strength": -16.506909, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.537547, "energy": 8.003158, "activity_lines": [ 175.210667, 177.289636, 180.333619, 175.979634 ] }, { "date": "2024-12-20", "close": 150.5, "volume": 12121377, "typical_volume": 7069136.55, "trend": 168.776, "fair_value": 117.971795, "relative_strength": -22.623101, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.561699, "energy": 45.470381, "activity_lines": [ 166.476, 171.877636, 177.696762, 174.756237 ] }, { "date": "2024-12-27", "close": 145.08, "volume": 4432240, "typical_volume": 6658945.15, "trend": 168.252333, "fair_value": 118.352372, "relative_strength": -25.405728, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.498991, "energy": 67.178569, "activity_lines": [ 157.653333, 166.252909, 174.551571, 173.227462 ] }, { "date": "2025-01-03", "close": 144.03, "volume": 4486522, "typical_volume": 6525757.85, "trend": 168.177333, "fair_value": 118.771603, "relative_strength": -25.11104, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.661849, "energy": 75.459831, "activity_lines": [ 150.71, 161.344364, 171.356048, 171.664731 ] }, { "date": "2025-01-10", "close": 139.96, "volume": 5562746, "typical_volume": 6443159.5, "trend": 167.857667, "fair_value": 119.164423, "relative_strength": -25.283979, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.650305, "energy": 79.123283, "activity_lines": [ 145.239333, 156.364364, 167.854333, 169.844258 ] }, { "date": "2025-01-17", "close": 164.12, "volume": 11354149, "typical_volume": 6733362.05, "trend": 168.555333, "fair_value": 119.786987, "relative_strength": -14.445817, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.439816, "energy": 61.646765, "activity_lines": [ 150.212667, 156.36, 166.854762, 169.603118 ] }, { "date": "2025-01-24", "close": 166.76, "volume": 5534424, "typical_volume": 6661553.65, "trend": 169.500333, "fair_value": 120.430577, "relative_strength": -14.154269, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.487005, "energy": 41.732786, "activity_lines": [ 156.22, 157.094364, 166.153667, 169.48729 ] }, { "date": "2025-01-31", "close": 167.28, "volume": 7695869, "typical_volume": 6768695.3, "trend": 170.656333, "fair_value": 121.074615, "relative_strength": -12.52029, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.690693, "energy": 22.88721, "activity_lines": [ 161.316667, 158.096364, 165.510429, 169.344043 ] }, { "date": "2025-02-07", "close": 153.93, "volume": 7540587, "typical_volume": 6477498.95, "trend": 170.696333, "fair_value": 121.623013, "relative_strength": -18.779541, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.07345, "energy": 29.597149, "activity_lines": [ 160.483333, 156.875455, 163.672048, 168.264925 ] }, { "date": "2025-02-14", "close": 153.9, "volume": 6240253, "typical_volume": 6451093.9, "trend": 170.559667, "fair_value": 122.149808, "relative_strength": -19.39392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.965816, "energy": 24.125485, "activity_lines": [ 158.98, 156.240727, 162.039429, 167.18129 ] }, { "date": "2025-02-21", "close": 137.35, "volume": 10673686, "typical_volume": 6705587.85, "trend": 169.555, "fair_value": 122.564103, "relative_strength": -26.224289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.310616, "energy": 48.318161, "activity_lines": [ 151.030667, 152.995455, 159.022762, 165.038731 ] }, { "date": "2025-02-28", "close": 138.99, "volume": 10253542, "typical_volume": 6978906.5, "trend": 169.116333, "fair_value": 122.98, "relative_strength": -23.859904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.307136, "energy": 71.296814, "activity_lines": [ 145.412667, 150.577091, 156.423857, 163.066796 ] }, { "date": "2025-03-07", "close": 134.51, "volume": 9138217, "typical_volume": 7192343.75, "trend": 168.416333, "fair_value": 123.365769, "relative_strength": -23.199145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.959962, "energy": 78.74526, "activity_lines": [ 140.152667, 147.553455, 153.655476, 160.834129 ] }, { "date": "2025-03-14", "close": 126.19, "volume": 8835278, "typical_volume": 7371110.7, "trend": 167.251667, "fair_value": 123.672821, "relative_strength": -25.503714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.488947, "energy": 86.246611, "activity_lines": [ 134.304, 143.209273, 150.382619, 158.109849 ] }, { "date": "2025-03-21", "close": 126.46, "volume": 9591025, "typical_volume": 7529119.95, "trend": 165.393333, "fair_value": 124.047821, "relative_strength": -24.837442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.770348, "energy": 86.9204, "activity_lines": [ 130.394667, 139.238545, 147.395524, 155.478129 ] }, { "date": "2025-03-28", "close": 124.51, "volume": 5134623, "typical_volume": 7250934.35, "trend": 163.743667, "fair_value": 124.434423, "relative_strength": -24.00814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.174551, "energy": 84.599233, "activity_lines": [ 127.664667, 135.158727, 144.439667, 152.840495 ] }, { "date": "2025-04-04", "close": 123.96, "volume": 9327006, "typical_volume": 7431038.5, "trend": 162.258667, "fair_value": 124.845321, "relative_strength": -15.95939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.381445, "energy": 73.468041, "activity_lines": [ 125.607333, 131.699091, 141.68781, 150.273806 ] }, { "date": "2025-04-11", "close": 120.9, "volume": 10856763, "typical_volume": 7678491.35, "trend": 160.178667, "fair_value": 125.228269, "relative_strength": -21.663188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.362103, "energy": 60.828919, "activity_lines": [ 123.532, 128.461273, 138.893667, 147.605505 ] }, { "date": "2025-04-18", "close": 116.94, "volume": 7756946, "typical_volume": 7854387.95, "trend": 157.485333, "fair_value": 125.584231, "relative_strength": -22.423062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.287208, "energy": 64.358448, "activity_lines": [ 121.044, 125.346727, 135.996762, 144.815914 ] }, { "date": "2025-04-25", "close": 121.35, "volume": 5637387, "typical_volume": 7888506.95, "trend": 155.055333, "fair_value": 125.967436, "relative_strength": -22.23813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.713806, "energy": 57.016502, "activity_lines": [ 120.642667, 123.706545, 133.850952, 142.484602 ] }, { "date": "2025-05-02", "close": 114.13, "volume": 9329679, "typical_volume": 8075115.95, "trend": 152.450333, "fair_value": 126.281795, "relative_strength": -28.034341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.088838, "energy": 58.809843, "activity_lines": [ 118.175333, 121.345455, 131.276905, 139.844258 ] }, { "date": "2025-05-09", "close": 110.72, "volume": 11341080, "typical_volume": 8036101.1, "trend": 149.707667, "fair_value": 126.562756, "relative_strength": -29.260764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.37487, "energy": 60.023794, "activity_lines": [ 115.263333, 118.786545, 128.627143, 137.151978 ] }, { "date": "2025-05-16", "close": 120.64, "volume": 12855652, "typical_volume": 8457271.7, "trend": 147.23, "fair_value": 126.946218, "relative_strength": -26.200065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.139395, "energy": 49.961701, "activity_lines": [ 116.540667, 118.545273, 127.111571, 135.276645 ] }, { "date": "2025-05-23", "close": 108.33, "volume": 10418372, "typical_volume": 8753864.2, "trend": 144.814333, "fair_value": 127.212692, "relative_strength": -31.330711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.48899, "energy": 56.348377, "activity_lines": [ 113.732, 116.318, 124.54, 132.766968 ] }, { "date": "2025-05-30", "close": 107.68, "volume": 7880027, "typical_volume": 8869728.25, "trend": 142.669667, "fair_value": 127.481154, "relative_strength": -32.331055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.365173, "energy": 55.601292, "activity_lines": [ 111.280667, 114.297273, 122.076524, 130.371204 ] }, { "date": "2025-06-06", "close": 111.63, "volume": 10305670, "typical_volume": 8817304.3, "trend": 140.445667, "fair_value": 127.811026, "relative_strength": -30.539705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.696161, "energy": 49.237557, "activity_lines": [ 111.057333, 113.336182, 120.142952, 128.368645 ] }, { "date": "2025-06-13", "close": 111.29, "volume": 8274183, "typical_volume": 8954292.25, "trend": 138.279333, "fair_value": 128.200833, "relative_strength": -30.038535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.747713, "energy": 49.678822, "activity_lines": [ 110.887333, 112.547455, 118.426952, 126.487634 ] }, { "date": "2025-06-20", "close": 114.82, "volume": 14867174, "typical_volume": 9312857.5, "trend": 136.156, "fair_value": 128.598397, "relative_strength": -27.321375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.49757, "energy": 42.282174, "activity_lines": [ 111.856, 112.630909, 117.311286, 124.974129 ] }, { "date": "2025-06-27", "close": 117.01, "volume": 10098357, "typical_volume": 9440746.0, "trend": 133.840667, "fair_value": 128.980128, "relative_strength": -28.070338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.99128, "energy": 29.887156, "activity_lines": [ 113.942667, 113.223091, 116.654, 123.738903 ] }, { "date": "2025-07-04", "close": 127.22, "volume": 11977587, "typical_volume": 9727612.7, "trend": 132.220667, "fair_value": 129.406282, "relative_strength": -22.881923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.605788, "energy": 15.493853, "activity_lines": [ 118.854, 115.670364, 117.144905, 123.311763 ] }, { "date": "2025-07-11", "close": 133.28, "volume": 11659503, "typical_volume": 9776903.55, "trend": 131.115667, "fair_value": 129.85141, "relative_strength": -18.615412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.890198, "energy": 19.221896, "activity_lines": [ 124.482667, 119.112727, 118.34, 123.380108 ] }, { "date": "2025-07-18", "close": 123.15, "volume": 8709220, "typical_volume": 9699687.45, "trend": 130.204, "fair_value": 130.220577, "relative_strength": -24.751272, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.687834, "energy": 20.371694, "activity_lines": [ 125.291333, 120.365091, 118.589714, 122.866194 ] }, { "date": "2025-07-25", "close": 136.46, "volume": 8336253, "typical_volume": 9659589.25, "trend": 129.916667, "fair_value": 130.659423, "relative_strength": -17.270941, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.9498, "energy": 29.446378, "activity_lines": [ 129.746, 123.811455, 120.182476, 123.269806 ] }, { "date": "2025-08-01", "close": 130.18, "volume": 14874868, "typical_volume": 9961568.75, "trend": 129.455, "fair_value": 131.055641, "relative_strength": -18.644387, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.142967, "energy": 33.162696, "activity_lines": [ 130.664667, 125.828364, 121.167857, 123.286796 ] }, { "date": "2025-08-08", "close": 132.2, "volume": 10761612, "typical_volume": 10020098.1, "trend": 129.196333, "fair_value": 131.449551, "relative_strength": -18.853505, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.738497, "energy": 35.335494, "activity_lines": [ 131.378667, 127.815273, 122.326619, 123.463892 ] }, { "date": "2025-08-15", "close": 136.88, "volume": 11351236, "typical_volume": 10330928.75, "trend": 128.288333, "fair_value": 131.901859, "relative_strength": -16.284683, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.123134, "energy": 38.973881, "activity_lines": [ 133.320667, 130.207273, 123.903762, 123.959613 ] }, { "date": "2025-08-22", "close": 144.45, "volume": 10625721, "typical_volume": 10395864.5, "trend": 127.544667, "fair_value": 132.429744, "relative_strength": -11.209911, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.733949, "energy": 48.35039, "activity_lines": [ 137.546, 133.516545, 126.142952, 125.002301 ] }, { "date": "2025-08-29", "close": 138.68, "volume": 9221489, "typical_volume": 10314100.8, "trend": 126.591333, "fair_value": 132.943269, "relative_strength": -14.083051, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.409497, "energy": 46.475179, "activity_lines": [ 138.428, 135.173818, 127.735048, 125.72071 ] }, { "date": "2025-09-05", "close": 149.21, "volume": 7182479, "typical_volume": 10285377.45, "trend": 126.434, "fair_value": 133.507628, "relative_strength": -7.265009, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.011487, "energy": 70.132553, "activity_lines": [ 142.672, 138.311818, 130.245333, 127.179978 ] }, { "date": "2025-09-12", "close": 142.73, "volume": 8311275, "typical_volume": 10419071.85, "trend": 126.061667, "fair_value": 134.067372, "relative_strength": -11.893844, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.247419, "energy": 63.735538, "activity_lines": [ 143.487333, 139.686182, 131.98481, 128.231333 ] }, { "date": "2025-09-19", "close": 124.15, "volume": 12528845, "typical_volume": 10579030.15, "trend": 125.621667, "fair_value": 134.516154, "relative_strength": -23.312711, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.965852, "energy": 29.116807, "activity_lines": [ 137.407333, 137.400364, 131.852952, 128.108 ] }, { "date": "2025-09-26", "close": 118.2, "volume": 9512121, "typical_volume": 10487582.2, "trend": 124.928667, "fair_value": 134.896154, "relative_strength": -25.813035, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.32173, "energy": 12.061138, "activity_lines": [ 130.192667, 134.198727, 131.106714, 127.629183 ] }, { "date": "2025-10-03", "close": 128.55, "volume": 8630915, "typical_volume": 10276345.35, "trend": 124.73, "fair_value": 135.314808, "relative_strength": -19.256252, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.610843, "energy": 21.5944, "activity_lines": [ 128.178, 132.968909, 131.310571, 127.862817 ] }, { "date": "2025-10-10", "close": 122.5, "volume": 8462834, "typical_volume": 10178568.45, "trend": 124.607, "fair_value": 135.728526, "relative_strength": -20.184528, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.564348, "energy": 19.83148, "activity_lines": [ 124.822, 130.782909, 130.900571, 127.718946 ] }, { "date": "2025-10-17", "close": 122.54, "volume": 8277916, "typical_volume": 10198462.9, "trend": 124.476333, "fair_value": 136.153013, "relative_strength": -20.529201, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.261263, "energy": 24.330446, "activity_lines": [ 123.26, 128.743818, 130.426905, 127.585591 ] }, { "date": "2025-10-24", "close": 124.06, "volume": 6360080, "typical_volume": 10001183.4, "trend": 124.461333, "fair_value": 136.551218, "relative_strength": -20.192735, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.496509, "energy": 19.982423, "activity_lines": [ 123.550667, 127.156727, 130.027238, 127.558731 ] }, { "date": "2025-10-31", "close": 116.17, "volume": 12056809, "typical_volume": 10190314.7, "trend": 124.201667, "fair_value": 136.932564, "relative_strength": -24.949215, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.961289, "energy": 36.913242, "activity_lines": [ 121.217333, 124.368182, 128.816952, 127.023806 ] }, { "date": "2025-11-07", "close": 109.42, "volume": 10968739, "typical_volume": 9995392.95, "trend": 123.819, "fair_value": 137.211667, "relative_strength": -27.287116, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.303116, "energy": 46.895979, "activity_lines": [ 116.769333, 120.866545, 126.940571, 126.070151 ] }, { "date": "2025-11-14", "close": 103.44, "volume": 14295172, "typical_volume": 10205233.7, "trend": 123.369, "fair_value": 137.463205, "relative_strength": -30.460953, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.139845, "energy": 64.159927, "activity_lines": [ 111.603333, 116.809636, 124.520381, 124.755376 ] }, { "date": "2025-11-21", "close": 101.62, "volume": 14991869, "typical_volume": 10355947.8, "trend": 122.711333, "fair_value": 137.726667, "relative_strength": -29.432583, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.405243, "energy": 71.719102, "activity_lines": [ 107.101333, 113.254, 121.991476, 123.352215 ] }, { "date": "2025-11-28", "close": 112.23, "volume": 8373189, "typical_volume": 10191632.1, "trend": 122.648, "fair_value": 138.041538, "relative_strength": -23.844218, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.993336, "energy": 62.485334, "activity_lines": [ 107.530667, 112.374909, 120.594952, 122.676 ] }, { "date": "2025-12-05", "close": 110.01, "volume": 9618064, "typical_volume": 10237074.3, "trend": 122.624333, "fair_value": 138.327756, "relative_strength": -24.712548, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.136552, "energy": 66.964726, "activity_lines": [ 108.008667, 111.308909, 119.087238, 121.860645 ] }, { "date": "2025-12-12", "close": 108.48, "volume": 7932841, "typical_volume": 10216903.7, "trend": 122.219, "fair_value": 138.590192, "relative_strength": -24.516509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.583016, "energy": 47.032377, "activity_lines": [ 108.387333, 110.113636, 117.496381, 120.948108 ] }, { "date": "2025-12-19", "close": 103.79, "volume": 11457013, "typical_volume": 10046010.95, "trend": 122.067667, "fair_value": 138.836923, "relative_strength": -27.171011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.569589, "energy": 46.44081, "activity_lines": [ 107.265333, 108.430545, 115.592095, 119.75914 ] }, { "date": "2025-12-26", "close": 103.99, "volume": 3601294, "typical_volume": 9687995.05, "trend": 121.944667, "fair_value": 139.087628, "relative_strength": -27.417928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.752569, "energy": 49.853904, "activity_lines": [ 106.186667, 107.124, 113.832524, 118.592839 ] }, { "date": "2026-01-02", "close": 104.63, "volume": 4354379, "typical_volume": 9338152.2, "trend": 121.711333, "fair_value": 139.327308, "relative_strength": -25.566514, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.468804, "energy": 57.13592, "activity_lines": [ 105.163333, 106.271091, 112.268238, 117.475763 ] }, { "date": "2026-01-09", "close": 124.66, "volume": 12083138, "typical_volume": 9411023.05, "trend": 122.157, "fair_value": 139.665321, "relative_strength": -12.182006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.796832, "energy": 20.948463, "activity_lines": [ 111.323333, 109.413273, 112.765143, 117.666 ] }, { "date": "2026-01-16", "close": 126.79, "volume": 11913014, "typical_volume": 9545599.3, "trend": 122.556, "fair_value": 140.023077, "relative_strength": -9.566352, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.147664, "energy": 15.570934, "activity_lines": [ 117.216667, 112.788364, 113.559143, 117.964903 ] }, { "date": "2026-01-23", "close": 122.36, "volume": 7353548, "typical_volume": 9554152.75, "trend": 122.734333, "fair_value": 140.311731, "relative_strength": -11.579773, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.97044, "energy": 22.426737, "activity_lines": [ 120.412667, 115.042182, 113.987857, 117.952258 ] }, { "date": "2026-01-30", "close": 114.4, "volume": 8776595, "typical_volume": 9577418.75, "trend": 122.307, "fair_value": 140.518782, "relative_strength": -16.734995, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.27376, "energy": 24.890383, "activity_lines": [ 119.717333, 115.504727, 113.786333, 117.414559 ] }, { "date": "2026-02-06", "close": 124.42, "volume": 13201681, "typical_volume": 9611060.55, "trend": 122.011667, "fair_value": 140.801474, "relative_strength": -8.564823, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.389306, "energy": 23.421038, "activity_lines": [ 121.668, 117.556727, 114.674, 117.550882 ] }, { "date": "2026-02-13", "close": 114.73, "volume": 13852506, "typical_volume": 9828079.8, "trend": 121.731, "fair_value": 141.014615, "relative_strength": -13.856731, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.765369, "energy": 11.174886, "activity_lines": [ 119.069333, 117.625273, 114.637524, 117.081097 ] }, { "date": "2026-02-20", "close": 110.55, "volume": 8829340, "typical_volume": 9838001.05, "trend": 120.867333, "fair_value": 141.210064, "relative_strength": -17.339941, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.827169, "energy": 17.081546, "activity_lines": [ 115.739333, 116.848, 114.219476, 116.359742 ] }, { "date": "2026-02-27", "close": 104.29, "volume": 10273667, "typical_volume": 9928542.7, "trend": 120.004333, "fair_value": 141.306923, "relative_strength": -20.966541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.564106, "energy": 29.735034, "activity_lines": [ 111.405333, 114.894909, 113.290952, 115.290237 ] }, { "date": "2026-03-06", "close": 93.12, "volume": 15433612, "typical_volume": 10286327.5, "trend": 118.701667, "fair_value": 141.380513, "relative_strength": -27.292141, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.68877, "energy": 58.574445, "activity_lines": [ 104.552667, 110.901818, 111.385333, 113.555763 ] }, { "date": "2026-03-13", "close": 88.09, "volume": 14663023, "typical_volume": 10701474.65, "trend": 117.075333, "fair_value": 141.431795, "relative_strength": -29.503855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.297091, "energy": 81.144611, "activity_lines": [ 97.442, 106.191818, 109.140762, 111.580817 ] }, { "date": "2026-03-20", "close": 81.22, "volume": 13625468, "typical_volume": 10779907.6, "trend": 114.967667, "fair_value": 141.411026, "relative_strength": -33.119668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.697485, "energy": 88.362331, "activity_lines": [ 90.463333, 100.533455, 106.41319, 109.26757 ] }, { "date": "2026-03-27", "close": 80.43, "volume": 8264881, "typical_volume": 10644714.7, "trend": 113.026, "fair_value": 141.3575, "relative_strength": -31.556211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.247152, "energy": 88.766884, "activity_lines": [ 85.455333, 95.521273, 103.77681, 107.039333 ] }, { "date": "2026-04-03", "close": 79.12, "volume": 8194216, "typical_volume": 10339666.9, "trend": 110.689667, "fair_value": 141.31641, "relative_strength": -34.030038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.789697, "energy": 87.262854, "activity_lines": [ 82.018667, 91.113818, 101.153714, 104.851849 ] }, { "date": "2026-04-10", "close": 85.3, "volume": 9971570, "typical_volume": 10088651.95, "trend": 108.775333, "fair_value": 141.258333, "relative_strength": -30.595358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.047932, "energy": 82.042724, "activity_lines": [ 82.32, 88.616182, 99.235, 103.213806 ] }, { "date": "2026-04-17", "close": 88.5, "volume": 10228383, "typical_volume": 10181411.65, "trend": 107.587, "fair_value": 141.22391, "relative_strength": -30.361729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.008099, "energy": 57.392102, "activity_lines": [ 84.209333, 87.229455, 97.698762, 101.90572 ] }, { "date": "2026-04-24", "close": 90.04, "volume": 9388284, "typical_volume": 10169922.65, "trend": 106.648333, "fair_value": 141.19359, "relative_strength": -28.786349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.368619, "energy": 46.920603, "activity_lines": [ 86.584667, 86.775818, 96.42219, 100.773656 ] }, { "date": "2026-05-01", "close": 75.72, "volume": 17481125, "typical_volume": 10647336.85, "trend": 104.887333, "fair_value": 140.965833, "relative_strength": -40.027628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.760435, "energy": 51.072537, "activity_lines": [ 83.598667, 84.167455, 93.876905, 98.77828 ] }, { "date": "2026-05-08", "close": 77.4, "volume": 16383061, "typical_volume": 10893639.25, "trend": 103.384, "fair_value": 140.719423, "relative_strength": -39.486251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.722674, "energy": 51.081201, "activity_lines": [ 81.486667, 82.497818, 91.647619, 97.004903 ] }, { "date": "2026-05-15", "close": 70.41, "volume": 13401744, "typical_volume": 11383661.75, "trend": 101.646333, "fair_value": 140.4, "relative_strength": -44.38762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.364141, "energy": 65.488781, "activity_lines": [ 77.159333, 80.046182, 88.878286, 94.877548 ] }, { "date": "2026-05-22", "close": 74.15, "volume": 13369673, "typical_volume": 11834426.45, "trend": 99.982667, "fair_value": 140.134423, "relative_strength": -41.350744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.548034, "energy": 75.121119, "activity_lines": [ 75.071333, 78.687455, 86.625048, 93.103591 ] }, { "date": "2026-05-29", "close": 76.26, "volume": 17121867, "typical_volume": 12086362.9, "trend": 98.652333, "fair_value": 139.860641, "relative_strength": -39.974406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.416412, "energy": 69.580278, "activity_lines": [ 74.643333, 77.965818, 84.717905, 91.573097 ] }, { "date": "2026-06-05", "close": 73.64, "volume": 10693339, "typical_volume": 12025379.15, "trend": 97.459667, "fair_value": 139.550128, "relative_strength": -39.939558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.381821, "energy": 68.62698, "activity_lines": [ 74.260667, 76.858, 82.791714, 89.959398 ] }, { "date": "2026-06-12", "close": 77.77, "volume": 11753226, "typical_volume": 12245363.05, "trend": 96.604, "fair_value": 139.270385, "relative_strength": -36.313605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.516586, "energy": 49.143558, "activity_lines": [ 75.393333, 76.624545, 81.511952, 88.689097 ] }, { "date": "2026-06-19", "close": 80.59, "volume": 10848289, "typical_volume": 12348947.75, "trend": 95.903, "fair_value": 138.969551, "relative_strength": -33.939081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.640693, "energy": 37.056526, "activity_lines": [ 77.441333, 76.928364, 80.713095, 87.655935 ] }, { "date": "2026-06-26", "close": 89.14, "volume": 13454541, "typical_volume": 12361590.75, "trend": 95.133333, "fair_value": 138.669167, "relative_strength": -24.528472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.275006, "energy": 19.129973, "activity_lines": [ 81.660667, 78.872364, 80.889524, 87.219613 ] }, { "date": "2026-07-03", "close": 84.69, "volume": 8200241, "typical_volume": 12078977.5, "trend": 94.289333, "fair_value": 138.358846, "relative_strength": -29.041634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.163844, "energy": 22.118474, "activity_lines": [ 83.397333, 79.995636, 80.810143, 86.545849 ] }, { "date": "2026-07-10", "close": 75.69, "volume": 11016955, "typical_volume": 12188358.25, "trend": 93.196333, "fair_value": 137.939167, "relative_strength": -36.554833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.658997, "energy": 23.363505, "activity_lines": [ 81.572, 79.579818, 80.016667, 85.345892 ] }, { "date": "2026-07-17", "close": 74.26, "volume": 8697016, "typical_volume": 12109525.7, "trend": 92.212, "fair_value": 137.525897, "relative_strength": -36.010047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.974436, "energy": 22.377875, "activity_lines": [ 79.133333, 78.904545, 79.253, 84.124194 ] }, { "date": "2026-07-24", "close": 72.86, "volume": 11417703, "typical_volume": 11908730.25, "trend": 91.174333, "fair_value": 137.072115, "relative_strength": -35.914905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.93714, "energy": 37.908163, "activity_lines": [ 76.462, 78.031818, 78.499, 82.875677 ] }, { "date": "2026-07-31", "close": 66.44, "volume": 16366569, "typical_volume": 11993907.55, "trend": 89.901333, "fair_value": 136.538782, "relative_strength": -41.29459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.093073, "energy": 66.067161, "activity_lines": [ 72.166, 75.947273, 77.230048, 81.279914 ] }, { "date": "2026-08-07", "close": 74.69, "volume": 11243633, "typical_volume": 11874815.8, "trend": 88.235667, "fair_value": 136.069551, "relative_strength": -35.314347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.043894, "energy": 58.149348, "activity_lines": [ 72.133333, 75.502909, 76.849905, 80.298538 ] } ], "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." } } }