{ "ticker": { "uuid": "65249114-78bd-49eb-8421-43cea53fc6f7", "symbol": "BLKB", "name": "Blackbaud 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 47.426, "architecture_energy": 49.6, "architecture_maturity": 31.178, "architecture_confidence": 73.586, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 30.24, "rotation_up": 69.48, "upward_expansion": 37.39, "deceleration": 44.93, "rotation_down": 14.01, "downward_expansion": 23.72 }, "activity_lines": [ 39.538, 35.318545, 33.659762, 35.428043 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 45.87, "trend_reference": 39.147333, "distance_from_trend": 0.171727, "trend_direction": "Weakening", "fair_value": 65.92875, "distance_from_fair_value": -0.304249, "fair_value_direction": "Improving", "relative_strength": -20.135837, "relative_strength_direction": "Improving", "price_momentum": -0.033909, "excess_performance": -0.221363, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.171727, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.193476, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.304249, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.154948, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.201358, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.257849, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.033909, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.023517, "read": "Demand-led" } ], "volume": { "latest": 3189667, "relative_activity": 0.879909, "balance": 1.023517, "dry_up": 1.044003, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.096785, "annualized_volatility": 0.637094, "from_high_reference": -0.351294, "from_low_reference": 0.793198 }, "levels": { "trend_reference": 39.147333, "fair_value_reference": 65.92875, "structural_low": 25.58, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.008365, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.034708, "regime_survival": 0.333333, "best_return": 0.061701, "worst_return": -0.045512, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.026162, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.028724, "regime_survival": 0.0, "best_return": 0.030888, "worst_return": 0.021436, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.174636, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.02765, "regime_survival": 0.0, "best_return": 0.252701, "worst_return": 0.096571, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.030764, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.210925, "regime_survival": 0.0, "best_return": 0.291042, "worst_return": -0.229513, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": -0.039334, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-08-30", "tenure": "Developing", "return": 0.104213, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-12-06", "tenure": "Established", "return": -0.018903, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2024-12-27", "tenure": "New", "return": -0.044991, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.024862, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-07-04", "tenure": "Established", "return": -0.147764, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-09-05", "tenure": "Developing", "return": 0.046676, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.094253, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-11-07", "tenure": "Developing", "return": -0.095125, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": -0.078166, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": 0.128592, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": -0.13596, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-07-24", "tenure": "Extended", "return": -0.419418, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.071729, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 71.76, "volume": 679235, "typical_volume": 922028.8, "trend": 67.705167, "fair_value": 64.666891, "relative_strength": -0.136362, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.560374, "energy": 24.168923, "activity_lines": [ 72.959333, 73.249455, 72.661667, 70.715398 ] }, { "date": "2023-08-25", "close": 72.6, "volume": 691067, "typical_volume": 900065.35, "trend": 68.065833, "fair_value": 64.710609, "relative_strength": -0.801492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.84542, "energy": 17.840048, "activity_lines": [ 72.692667, 73.186545, 72.749262, 71.031194 ] }, { "date": "2023-09-01", "close": 76.13, "volume": 743581, "typical_volume": 894509.4, "trend": 68.510167, "fair_value": 64.813878, "relative_strength": 0.026815, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.917434, "energy": 27.905274, "activity_lines": [ 73.728, 73.762364, 73.150619, 71.551462 ] }, { "date": "2023-09-08", "close": 72.74, "volume": 425226, "typical_volume": 888179.3, "trend": 68.8975, "fair_value": 64.913173, "relative_strength": -3.404154, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.161983, "energy": 20.365638, "activity_lines": [ 73.504, 73.597636, 73.1905, 71.824355 ] }, { "date": "2023-09-15", "close": 72.83, "volume": 1372164, "typical_volume": 919519.45, "trend": 69.3715, "fair_value": 65.017853, "relative_strength": -3.138401, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.558478, "energy": 20.648981, "activity_lines": [ 73.364, 73.420909, 73.210667, 72.078065 ] }, { "date": "2023-09-22", "close": 72.12, "volume": 570406, "typical_volume": 860139.3, "trend": 69.8705, "fair_value": 65.11625, "relative_strength": -1.097396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.83931, "energy": 13.57514, "activity_lines": [ 73.0, 73.118, 73.146667, 72.255387 ] }, { "date": "2023-09-29", "close": 70.32, "volume": 671395, "typical_volume": 844181.75, "trend": 70.327833, "fair_value": 65.219391, "relative_strength": -3.937435, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.202889, "energy": 7.973033, "activity_lines": [ 72.012, 72.568545, 72.901143, 72.284387 ] }, { "date": "2023-10-06", "close": 69.92, "volume": 586603, "typical_volume": 816896.95, "trend": 70.817833, "fair_value": 65.283429, "relative_strength": -6.14782, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.695684, "energy": 13.808196, "activity_lines": [ 71.042667, 72.022, 72.617762, 72.258075 ] }, { "date": "2023-10-13", "close": 69.16, "volume": 621346, "typical_volume": 796265.9, "trend": 71.2185, "fair_value": 65.354583, "relative_strength": -7.190955, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.199731, "energy": 37.046345, "activity_lines": [ 70.234, 71.414909, 72.271333, 72.151118 ] }, { "date": "2023-10-20", "close": 68.71, "volume": 586963, "typical_volume": 772037.35, "trend": 71.581167, "fair_value": 65.42734, "relative_strength": -5.053291, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.615764, "energy": 51.253394, "activity_lines": [ 69.514, 70.805818, 71.899762, 71.98928 ] }, { "date": "2023-10-27", "close": 65.3, "volume": 482882, "typical_volume": 741375.25, "trend": 71.447833, "fair_value": 65.529647, "relative_strength": -7.301815, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.849509, "energy": 65.68977, "activity_lines": [ 67.932, 69.655091, 71.22881, 71.584043 ] }, { "date": "2023-11-03", "close": 73.13, "volume": 1491651, "typical_volume": 755725.5, "trend": 71.6225, "fair_value": 65.678814, "relative_strength": -2.333157, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.085776, "energy": 30.14451, "activity_lines": [ 69.414667, 70.045455, 71.33981, 71.69257 ] }, { "date": "2023-11-10", "close": 72.63, "volume": 825496, "typical_volume": 737619.45, "trend": 71.776167, "fair_value": 65.808686, "relative_strength": -5.59744, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -31.350223, "energy": 18.819697, "activity_lines": [ 70.543333, 70.335273, 71.399857, 71.75757 ] }, { "date": "2023-11-17", "close": 74.08, "volume": 1152036, "typical_volume": 754958.1, "trend": 72.018833, "fair_value": 65.941763, "relative_strength": -5.523126, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.58691, "energy": 11.734659, "activity_lines": [ 71.974667, 70.952364, 71.582143, 71.906204 ] }, { "date": "2023-11-24", "close": 75.63, "volume": 342600, "typical_volume": 743639.2, "trend": 72.228, "fair_value": 66.07016, "relative_strength": -4.300804, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.491295, "energy": 27.548729, "activity_lines": [ 73.594667, 71.826909, 71.898238, 72.139183 ] }, { "date": "2023-12-01", "close": 77.47, "volume": 780788, "typical_volume": 745811.7, "trend": 72.477, "fair_value": 66.201442, "relative_strength": -2.003211, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.230752, "energy": 51.372776, "activity_lines": [ 75.366667, 72.985091, 72.377, 72.477376 ] }, { "date": "2023-12-08", "close": 85.86, "volume": 1499053, "typical_volume": 778970.85, "trend": 72.993333, "fair_value": 66.393365, "relative_strength": 7.818082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.557808, "energy": 88.082162, "activity_lines": [ 79.124, 75.571455, 73.650476, 73.340796 ] }, { "date": "2023-12-15", "close": 86.54, "volume": 1672846, "typical_volume": 837737.0, "trend": 73.482, "fair_value": 66.588622, "relative_strength": 5.130286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.209143, "energy": 93.702697, "activity_lines": [ 82.259333, 77.998909, 74.934524, 74.214774 ] }, { "date": "2023-12-22", "close": 86.86, "volume": 876272, "typical_volume": 839765.55, "trend": 73.948, "fair_value": 66.767981, "relative_strength": 4.592012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.019993, "energy": 92.777839, "activity_lines": [ 84.574, 80.182364, 76.190238, 75.077871 ] }, { "date": "2023-12-29", "close": 86.7, "volume": 413347, "typical_volume": 824247.85, "trend": 74.37, "fair_value": 66.954776, "relative_strength": 4.161059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.813625, "energy": 90.134685, "activity_lines": [ 85.983333, 82.014909, 77.367333, 75.900581 ] }, { "date": "2024-01-05", "close": 81.73, "volume": 882093, "typical_volume": 834390.75, "trend": 74.664, "fair_value": 67.079712, "relative_strength": 1.588759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.891112, "energy": 79.26615, "activity_lines": [ 84.998, 82.616727, 78.005952, 76.375419 ] }, { "date": "2024-01-12", "close": 82.29, "volume": 1143302, "typical_volume": 857002.5, "trend": 74.992667, "fair_value": 67.198814, "relative_strength": -0.733435, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.280239, "energy": 55.098507, "activity_lines": [ 83.915333, 83.021636, 78.650429, 76.867419 ] }, { "date": "2024-01-19", "close": 81.81, "volume": 722842, "typical_volume": 855965.55, "trend": 75.409667, "fair_value": 67.299904, "relative_strength": -3.824303, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.980492, "energy": 40.697231, "activity_lines": [ 82.910667, 83.172727, 79.203048, 77.307247 ] }, { "date": "2024-01-26", "close": 83.55, "volume": 778055, "typical_volume": 873607.0, "trend": 75.822, "fair_value": 67.409263, "relative_strength": -2.268877, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.998178, "energy": 33.032281, "activity_lines": [ 82.801333, 83.473273, 79.894333, 77.83243 ] }, { "date": "2024-02-02", "close": 80.34, "volume": 629609, "typical_volume": 836479.25, "trend": 76.067, "fair_value": 67.471571, "relative_strength": -6.992066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.186573, "energy": 28.780139, "activity_lines": [ 81.842667, 83.018, 80.228429, 78.123914 ] }, { "date": "2024-02-09", "close": 82.05, "volume": 624439, "typical_volume": 839180.9, "trend": 76.25, "fair_value": 67.506891, "relative_strength": -6.602758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.943805, "energy": 26.770969, "activity_lines": [ 81.878, 82.788, 80.689619, 78.509914 ] }, { "date": "2024-02-16", "close": 69.14, "volume": 2511357, "typical_volume": 931179.0, "trend": 76.072, "fair_value": 67.485417, "relative_strength": -19.842405, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -5.543459, "energy": 17.434508, "activity_lines": [ 77.588667, 80.127455, 79.874, 78.051204 ] }, { "date": "2024-02-23", "close": 68.61, "volume": 1107683, "typical_volume": 957233.0, "trend": 75.886, "fair_value": 67.484071, "relative_strength": -21.28485, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.718208, "energy": 42.903696, "activity_lines": [ 73.999333, 77.674545, 79.013524, 77.569785 ] }, { "date": "2024-03-01", "close": 70.365, "volume": 3008192, "typical_volume": 1076575.3, "trend": 75.779833, "fair_value": 67.491026, "relative_strength": -20.624253, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.530542, "energy": 46.70845, "activity_lines": [ 71.875, 75.866727, 78.326429, 77.213591 ] }, { "date": "2024-03-08", "close": 73.13, "volume": 1892469, "typical_volume": 1141850.6, "trend": 75.7835, "fair_value": 67.486603, "relative_strength": -16.054948, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.902779, "energy": 57.038627, "activity_lines": [ 71.551333, 74.861545, 77.896929, 77.042634 ] }, { "date": "2024-03-15", "close": 70.94, "volume": 1472093, "typical_volume": 1191311.15, "trend": 75.756167, "fair_value": 67.487051, "relative_strength": -17.412218, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.563482, "energy": 61.425037, "activity_lines": [ 70.978333, 73.704909, 77.23781, 76.730151 ] }, { "date": "2024-03-22", "close": 71.6, "volume": 1062105, "typical_volume": 1169833.85, "trend": 75.722833, "fair_value": 67.476474, "relative_strength": -18.865305, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.351939, "energy": 42.640567, "activity_lines": [ 71.366, 72.864455, 76.61469, 76.462011 ] }, { "date": "2024-03-29", "close": 74.14, "volume": 750106, "typical_volume": 1166064.35, "trend": 75.6565, "fair_value": 67.495128, "relative_strength": -15.12254, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.485567, "energy": 26.790397, "activity_lines": [ 72.436333, 72.680182, 76.240762, 76.359892 ] }, { "date": "2024-04-05", "close": 72.01, "volume": 1204627, "typical_volume": 1168693.9, "trend": 75.632167, "fair_value": 67.495385, "relative_strength": -16.478856, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.153159, "energy": 22.987682, "activity_lines": [ 72.428, 72.248091, 75.656786, 76.124634 ] }, { "date": "2024-04-12", "close": 76.72, "volume": 1941451, "typical_volume": 1248636.45, "trend": 75.761833, "fair_value": 67.527244, "relative_strength": -10.21742, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -6.988878, "energy": 8.789579, "activity_lines": [ 73.88, 72.882182, 75.531238, 76.194817 ] }, { "date": "2024-04-19", "close": 76.48, "volume": 1841368, "typical_volume": 1301665.45, "trend": 75.907167, "fair_value": 67.563397, "relative_strength": -5.138452, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.089454, "energy": 9.958789, "activity_lines": [ 75.012667, 73.538455, 75.377643, 76.241151 ] }, { "date": "2024-04-26", "close": 77.95, "volume": 783650, "typical_volume": 1265895.3, "trend": 76.1615, "fair_value": 67.607179, "relative_strength": -6.654317, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.068227, "energy": 14.709777, "activity_lines": [ 76.266, 74.563273, 75.368762, 76.372946 ] }, { "date": "2024-05-03", "close": 78.03, "volume": 1307560, "typical_volume": 1247631.0, "trend": 76.431833, "fair_value": 67.677692, "relative_strength": -7.159906, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.181466, "energy": 23.008561, "activity_lines": [ 77.122667, 75.442455, 75.405167, 76.493495 ] }, { "date": "2024-05-10", "close": 77.65, "volume": 950391, "typical_volume": 1251336.95, "trend": 76.714833, "fair_value": 67.73109, "relative_strength": -8.602065, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.716902, "energy": 19.244251, "activity_lines": [ 77.593333, 76.081273, 75.445905, 76.572086 ] }, { "date": "2024-05-17", "close": 79.3, "volume": 1207692, "typical_volume": 1291054.2, "trend": 77.067833, "fair_value": 67.788077, "relative_strength": -8.301725, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.318771, "energy": 31.596753, "activity_lines": [ 78.238, 76.887636, 75.687643, 76.738871 ] }, { "date": "2024-05-24", "close": 79.32, "volume": 987173, "typical_volume": 1296308.2, "trend": 77.535167, "fair_value": 67.843397, "relative_strength": -9.177387, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.729189, "energy": 39.363345, "activity_lines": [ 78.717333, 77.585455, 75.966524, 76.884172 ] }, { "date": "2024-05-31", "close": 77.94, "volume": 1094609, "typical_volume": 1293873.55, "trend": 77.6955, "fair_value": 67.872949, "relative_strength": -8.982225, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.492834, "energy": 32.537945, "activity_lines": [ 78.547333, 77.88, 76.125452, 76.91029 ] }, { "date": "2024-06-07", "close": 78.12, "volume": 987667, "typical_volume": 1307114.8, "trend": 77.8785, "fair_value": 67.883333, "relative_strength": -10.840283, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.355938, "energy": 23.959362, "activity_lines": [ 78.438, 78.092, 76.322238, 76.937677 ] }, { "date": "2024-06-14", "close": 76.2, "volume": 1167683, "typical_volume": 1326596.2, "trend": 77.949167, "fair_value": 67.885513, "relative_strength": -15.641597, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -18.694116, "energy": 12.581631, "activity_lines": [ 77.682667, 77.882545, 76.353738, 76.829387 ] }, { "date": "2024-06-21", "close": 75.71, "volume": 1392408, "typical_volume": 1364736.15, "trend": 77.951833, "fair_value": 67.864295, "relative_strength": -16.061506, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.845097, "energy": 16.641617, "activity_lines": [ 76.860667, 77.507818, 76.373571, 76.684925 ] }, { "date": "2024-06-28", "close": 76.17, "volume": 1426267, "typical_volume": 1404827.55, "trend": 77.9085, "fair_value": 67.859103, "relative_strength": -15.19505, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.580218, "energy": 19.104677, "activity_lines": [ 76.431333, 77.235091, 76.459262, 76.569968 ] }, { "date": "2024-07-05", "close": 75.4, "volume": 452001, "typical_volume": 1301859.75, "trend": 77.559833, "fair_value": 67.859423, "relative_strength": -18.53008, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.109382, "energy": 22.641833, "activity_lines": [ 75.955333, 76.828, 76.499619, 76.408129 ] }, { "date": "2024-07-12", "close": 77.39, "volume": 638026, "typical_volume": 1278376.9, "trend": 77.254833, "fair_value": 67.901795, "relative_strength": -15.74551, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.325251, "energy": 14.937112, "activity_lines": [ 76.312, 76.829091, 76.69969, 76.397172 ] }, { "date": "2024-07-19", "close": 77.35, "volume": 1003296, "typical_volume": 1178132.1, "trend": 76.937833, "fair_value": 67.938077, "relative_strength": -11.983185, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.312405, "energy": 11.984055, "activity_lines": [ 76.704, 76.834545, 76.854143, 76.403312 ] }, { "date": "2024-07-26", "close": 79.98, "volume": 1038623, "typical_volume": 1135439.8, "trend": 76.713833, "fair_value": 67.993526, "relative_strength": -6.363816, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.963038, "energy": 31.945009, "activity_lines": [ 77.896, 77.323636, 77.22581, 76.599581 ] }, { "date": "2024-08-02", "close": 76.32, "volume": 1259275, "typical_volume": 1124798.9, "trend": 76.5335, "fair_value": 68.017051, "relative_strength": -7.538025, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.247886, "energy": 25.131936, "activity_lines": [ 77.583333, 77.134909, 77.216286, 76.574172 ] }, { "date": "2024-08-09", "close": 76.26, "volume": 1734585, "typical_volume": 1158422.9, "trend": 76.3325, "fair_value": 68.066538, "relative_strength": -7.647644, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.170304, "energy": 18.386945, "activity_lines": [ 77.240667, 76.989818, 77.175429, 76.556527 ] }, { "date": "2024-08-16", "close": 78.1, "volume": 549341, "typical_volume": 1148384.65, "trend": 76.208833, "fair_value": 68.143782, "relative_strength": -9.968631, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.7447, "energy": 23.931293, "activity_lines": [ 77.454, 77.209818, 77.287619, 76.670559 ] }, { "date": "2024-08-23", "close": 81.77, "volume": 768752, "typical_volume": 1126590.9, "trend": 76.1495, "fair_value": 68.220449, "relative_strength": -6.413759, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.313751, "energy": 36.41515, "activity_lines": [ 78.843333, 78.097455, 77.730476, 77.029344 ] }, { "date": "2024-08-30", "close": 83.6, "volume": 1155967, "typical_volume": 1087316.7, "trend": 76.258167, "fair_value": 68.29891, "relative_strength": -3.289192, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.548063, "energy": 64.828962, "activity_lines": [ 80.548, 79.216545, 78.301143, 77.510022 ] }, { "date": "2024-09-06", "close": 81.47, "volume": 573256, "typical_volume": 1023911.1, "trend": 76.238833, "fair_value": 68.390962, "relative_strength": 0.199234, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.575061, "energy": 66.510114, "activity_lines": [ 81.301333, 79.804909, 78.63619, 77.846269 ] }, { "date": "2024-09-13", "close": 84.77, "volume": 613139, "typical_volume": 1015385.55, "trend": 76.759833, "fair_value": 68.488333, "relative_strength": -1.384039, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.280675, "energy": 78.811856, "activity_lines": [ 82.811333, 80.896909, 79.261762, 78.396667 ] }, { "date": "2024-09-20", "close": 84.74, "volume": 1292108, "typical_volume": 1014612.95, "trend": 77.2975, "fair_value": 68.566987, "relative_strength": -2.590573, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.11618, "energy": 78.146683, "activity_lines": [ 83.744, 81.813091, 79.852, 78.911516 ] }, { "date": "2024-09-27", "close": 84.1, "volume": 685999, "typical_volume": 1001393.35, "trend": 77.755333, "fair_value": 68.639936, "relative_strength": -4.062534, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.733994, "energy": 69.884549, "activity_lines": [ 84.020667, 82.479273, 80.349333, 79.350387 ] }, { "date": "2024-10-04", "close": 82.41, "volume": 700172, "typical_volume": 976017.35, "trend": 78.064667, "fair_value": 68.697244, "relative_strength": -5.859882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.008661, "energy": 52.495723, "activity_lines": [ 83.578667, 82.715455, 80.655, 79.650688 ] }, { "date": "2024-10-11", "close": 83.52, "volume": 620503, "typical_volume": 957683.85, "trend": 78.484, "fair_value": 68.751731, "relative_strength": -5.544115, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.749942, "energy": 43.045636, "activity_lines": [ 83.586, 83.109273, 81.051571, 80.002645 ] }, { "date": "2024-10-18", "close": 85.89, "volume": 555528, "typical_volume": 930729.8, "trend": 78.960333, "fair_value": 68.830513, "relative_strength": -2.858861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.78491, "energy": 45.070792, "activity_lines": [ 84.246667, 83.803091, 81.653857, 80.480452 ] }, { "date": "2024-10-25", "close": 85.54, "volume": 579399, "typical_volume": 910316.4, "trend": 79.340333, "fair_value": 68.923654, "relative_strength": -3.236494, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.945477, "energy": 43.949209, "activity_lines": [ 84.716, 84.258182, 82.184952, 80.904946 ] }, { "date": "2024-11-01", "close": 77.72, "volume": 1509025, "typical_volume": 927383.5, "trend": 79.530667, "fair_value": 68.882628, "relative_strength": -10.264994, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.106534, "energy": 15.751279, "activity_lines": [ 82.525333, 83.156182, 81.935952, 80.800409 ] }, { "date": "2024-11-08", "close": 83.98, "volume": 1440505, "typical_volume": 929788.35, "trend": 79.772667, "fair_value": 68.887179, "relative_strength": -7.775914, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.291203, "energy": 21.372297, "activity_lines": [ 82.846667, 83.266, 82.275905, 81.087462 ] }, { "date": "2024-11-15", "close": 81.0, "volume": 1377728, "typical_volume": 927361.4, "trend": 79.923333, "fair_value": 68.874936, "relative_strength": -7.599197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.796765, "energy": 16.084286, "activity_lines": [ 82.07, 82.827091, 82.292667, 81.166645 ] }, { "date": "2024-11-22", "close": 86.98, "volume": 1243770, "typical_volume": 966949.85, "trend": 80.224333, "fair_value": 68.935641, "relative_strength": -2.335911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.158206, "energy": 21.54944, "activity_lines": [ 83.454667, 83.484, 82.855952, 81.621914 ] }, { "date": "2024-11-29", "close": 83.94, "volume": 809838, "typical_volume": 975540.45, "trend": 80.421333, "fair_value": 69.015256, "relative_strength": -6.117122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.307356, "energy": 25.05608, "activity_lines": [ 83.753333, 83.548, 83.074571, 81.861634 ] }, { "date": "2024-12-06", "close": 79.93, "volume": 1097372, "typical_volume": 980244.25, "trend": 80.497333, "fair_value": 69.024744, "relative_strength": -12.788539, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.847271, "energy": 10.470376, "activity_lines": [ 82.822, 82.897455, 82.880095, 81.829935 ] }, { "date": "2024-12-13", "close": 78.46, "volume": 787243, "typical_volume": 967675.25, "trend": 80.469333, "fair_value": 69.022821, "relative_strength": -14.411815, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.749172, "energy": 4.623247, "activity_lines": [ 81.253333, 82.055455, 82.533333, 81.698495 ] }, { "date": "2024-12-20", "close": 76.31, "volume": 1774686, "typical_volume": 993445.8, "trend": 80.369, "fair_value": 68.988654, "relative_strength": -14.216242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.094896, "energy": 27.568185, "activity_lines": [ 79.336, 80.894364, 81.989048, 81.430151 ] }, { "date": "2024-12-27", "close": 74.93, "volume": 381675, "typical_volume": 925800.3, "trend": 80.268667, "fair_value": 68.962692, "relative_strength": -15.874221, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.126787, "energy": 45.087137, "activity_lines": [ 77.271333, 79.613455, 81.313381, 81.079247 ] }, { "date": "2025-01-03", "close": 74.41, "volume": 510401, "typical_volume": 923853.3, "trend": 80.145, "fair_value": 68.994872, "relative_strength": -15.207161, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.523435, "energy": 56.722966, "activity_lines": [ 75.836667, 78.437273, 80.594524, 80.701269 ] }, { "date": "2025-01-10", "close": 74.61, "volume": 622271, "typical_volume": 916529.25, "trend": 80.092, "fair_value": 69.011474, "relative_strength": -12.523084, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.773514, "energy": 57.60947, "activity_lines": [ 75.104, 77.499818, 79.912286, 80.344172 ] }, { "date": "2025-01-17", "close": 78.07, "volume": 660185, "typical_volume": 891740.15, "trend": 80.170667, "fair_value": 69.074423, "relative_strength": -10.550966, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.625618, "energy": 44.256665, "activity_lines": [ 75.879333, 77.248, 79.593667, 80.21372 ] }, { "date": "2025-01-24", "close": 76.26, "volume": 738687, "typical_volume": 900011.7, "trend": 80.173667, "fair_value": 69.129103, "relative_strength": -13.385542, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.827071, "energy": 35.204166, "activity_lines": [ 76.077333, 76.774545, 79.129, 79.961419 ] }, { "date": "2025-01-31", "close": 77.15, "volume": 808998, "typical_volume": 909804.65, "trend": 80.232, "fair_value": 69.210705, "relative_strength": -10.723298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.079031, "energy": 27.635098, "activity_lines": [ 76.575333, 76.549091, 78.773905, 79.766344 ] }, { "date": "2025-02-07", "close": 78.06, "volume": 951577, "typical_volume": 892778.1, "trend": 80.254333, "fair_value": 69.285897, "relative_strength": -9.362214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.348203, "energy": 20.975813, "activity_lines": [ 77.228667, 76.667818, 78.541762, 79.626215 ] }, { "date": "2025-02-14", "close": 79.88, "volume": 700471, "typical_volume": 893501.7, "trend": 80.338667, "fair_value": 69.398269, "relative_strength": -9.735852, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.406315, "energy": 17.191814, "activity_lines": [ 78.245333, 77.224364, 78.514762, 79.602065 ] }, { "date": "2025-02-21", "close": 68.24, "volume": 1441816, "typical_volume": 930583.9, "trend": 79.947333, "fair_value": 69.438141, "relative_strength": -20.85793, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.509237, "energy": 47.370063, "activity_lines": [ 75.030667, 75.665455, 77.399286, 78.821505 ] }, { "date": "2025-02-28", "close": 66.1, "volume": 1779536, "typical_volume": 988535.55, "trend": 79.606667, "fair_value": 69.481026, "relative_strength": -20.369205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.718286, "energy": 75.814233, "activity_lines": [ 71.758, 73.903273, 76.147476, 77.928129 ] }, { "date": "2025-03-07", "close": 65.73, "volume": 1866591, "typical_volume": 1054088.7, "trend": 79.255667, "fair_value": 69.520705, "relative_strength": -17.84959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.809584, "energy": 85.719325, "activity_lines": [ 69.039333, 72.259455, 74.943381, 77.03286 ] }, { "date": "2025-03-14", "close": 63.45, "volume": 2470221, "typical_volume": 1148629.8, "trend": 78.767333, "fair_value": 69.534872, "relative_strength": -18.38336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.439896, "energy": 91.178484, "activity_lines": [ 66.322, 70.368364, 73.618143, 76.01314 ] }, { "date": "2025-03-21", "close": 63.13, "volume": 3044086, "typical_volume": 1225382.85, "trend": 78.146, "fair_value": 69.5625, "relative_strength": -18.706336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.197676, "energy": 89.919515, "activity_lines": [ 64.472, 68.618364, 72.367619, 75.00428 ] }, { "date": "2025-03-28", "close": 62.11, "volume": 1760077, "typical_volume": 1241361.45, "trend": 77.429667, "fair_value": 69.573333, "relative_strength": -17.762085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.302631, "energy": 89.928858, "activity_lines": [ 63.398667, 66.891636, 71.089429, 73.969699 ] }, { "date": "2025-04-04", "close": 62.2, "volume": 1786610, "typical_volume": 1261805.55, "trend": 76.787333, "fair_value": 69.604615, "relative_strength": -8.437887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.849303, "energy": 84.004881, "activity_lines": [ 62.764, 65.471455, 69.923952, 72.98714 ] }, { "date": "2025-04-11", "close": 61.13, "volume": 1863817, "typical_volume": 1292807.9, "trend": 75.999333, "fair_value": 69.631667, "relative_strength": -15.878048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.739766, "energy": 66.456621, "activity_lines": [ 62.032667, 64.112364, 68.746095, 71.976989 ] }, { "date": "2025-04-18", "close": 62.02, "volume": 1236047, "typical_volume": 1314118.35, "trend": 75.242, "fair_value": 69.680192, "relative_strength": -12.189055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.031968, "energy": 62.214526, "activity_lines": [ 61.904667, 63.206364, 67.776095, 71.075097 ] }, { "date": "2025-04-25", "close": 63.77, "volume": 1176398, "typical_volume": 1318069.65, "trend": 74.564333, "fair_value": 69.717115, "relative_strength": -14.663868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.025381, "energy": 55.632699, "activity_lines": [ 62.455333, 62.910182, 67.077143, 70.334968 ] }, { "date": "2025-05-02", "close": 61.4, "volume": 2166250, "typical_volume": 1387020.0, "trend": 73.864, "fair_value": 69.768654, "relative_strength": -20.038536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.73975, "energy": 52.726554, "activity_lines": [ 62.173333, 62.476, 66.229429, 69.485656 ] }, { "date": "2025-05-09", "close": 63.38, "volume": 1566767, "typical_volume": 1376624.05, "trend": 73.192667, "fair_value": 69.826667, "relative_strength": -16.837652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.843815, "energy": 41.209691, "activity_lines": [ 62.598667, 62.526182, 65.651524, 68.809269 ] }, { "date": "2025-05-16", "close": 64.465, "volume": 1155151, "typical_volume": 1415297.85, "trend": 72.4785, "fair_value": 69.836699, "relative_strength": -20.334205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.449892, "energy": 34.067192, "activity_lines": [ 63.307, 62.823091, 65.238524, 68.246194 ] }, { "date": "2025-05-23", "close": 61.115, "volume": 901619, "typical_volume": 1434858.75, "trend": 71.664333, "fair_value": 69.821923, "relative_strength": -22.130818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.089552, "energy": 42.856207, "activity_lines": [ 62.676333, 62.533909, 64.55631, 67.513065 ] }, { "date": "2025-05-30", "close": 62.23, "volume": 1110872, "typical_volume": 1459288.8, "trend": 71.148, "fair_value": 69.806218, "relative_strength": -21.689079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.762726, "energy": 41.2743, "activity_lines": [ 62.477667, 62.489909, 64.043595, 66.904398 ] }, { "date": "2025-06-06", "close": 63.82, "volume": 1001350, "typical_volume": 1476347.05, "trend": 70.476, "fair_value": 69.830705, "relative_strength": -20.835898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.687287, "energy": 33.397393, "activity_lines": [ 62.911667, 62.751364, 63.741262, 66.431624 ] }, { "date": "2025-06-13", "close": 60.6, "volume": 1129511, "typical_volume": 1495888.25, "trend": 69.796, "fair_value": 69.866154, "relative_strength": -23.975518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.511231, "energy": 47.072395, "activity_lines": [ 62.111, 62.396273, 63.200119, 65.794462 ] }, { "date": "2025-06-20", "close": 61.5, "volume": 1972691, "typical_volume": 1554072.9, "trend": 68.946667, "fair_value": 69.876538, "relative_strength": -22.414194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.524273, "energy": 41.480306, "activity_lines": [ 61.795667, 62.233909, 62.819262, 65.259237 ] }, { "date": "2025-06-27", "close": 64.07, "volume": 1870201, "typical_volume": 1600004.1, "trend": 68.284333, "fair_value": 69.918782, "relative_strength": -21.96541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.193254, "energy": 28.000956, "activity_lines": [ 62.534667, 62.532091, 62.75769, 64.944613 ] }, { "date": "2025-07-04", "close": 65.75, "volume": 948841, "typical_volume": 1612422.6, "trend": 67.811667, "fair_value": 69.963205, "relative_strength": -20.737611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.902807, "energy": 14.215639, "activity_lines": [ 63.636667, 63.098455, 62.922738, 64.781108 ] }, { "date": "2025-07-11", "close": 63.63, "volume": 962569, "typical_volume": 1588460.25, "trend": 67.317333, "fair_value": 70.012564, "relative_strength": -22.589889, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.389757, "energy": 13.166337, "activity_lines": [ 63.797333, 63.243364, 62.953167, 64.511323 ] }, { "date": "2025-07-18", "close": 64.08, "volume": 1202996, "typical_volume": 1559633.25, "trend": 66.909667, "fair_value": 70.05391, "relative_strength": -22.525853, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.855372, "energy": 14.954912, "activity_lines": [ 64.120667, 63.429545, 63.048405, 64.302462 ] }, { "date": "2025-07-25", "close": 65.4, "volume": 939628, "typical_volume": 1513285.1, "trend": 66.592, "fair_value": 70.080064, "relative_strength": -21.043207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.90451, "energy": 12.689131, "activity_lines": [ 64.652, 63.843, 63.278976, 64.205065 ] }, { "date": "2025-08-01", "close": 65.28, "volume": 2649874, "typical_volume": 1522267.75, "trend": 66.287667, "fair_value": 70.139359, "relative_strength": -18.843546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.6326, "energy": 9.900637, "activity_lines": [ 64.883333, 64.217636, 63.49969, 64.120419 ] }, { "date": "2025-08-08", "close": 64.09, "volume": 2455368, "typical_volume": 1492831.85, "trend": 65.937, "fair_value": 70.181795, "relative_strength": -22.587596, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.746073, "energy": 9.652427, "activity_lines": [ 64.637333, 64.300182, 63.598357, 63.978634 ] }, { "date": "2025-08-15", "close": 63.28, "volume": 1635017, "typical_volume": 1486578.85, "trend": 65.444, "fair_value": 70.225962, "relative_strength": -23.365443, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.511864, "energy": 8.740652, "activity_lines": [ 64.232, 64.201636, 63.61531, 63.807215 ] }, { "date": "2025-08-22", "close": 66.46, "volume": 1419640, "typical_volume": 1468230.35, "trend": 65.117333, "fair_value": 70.302756, "relative_strength": -18.152203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.484881, "energy": 8.115346, "activity_lines": [ 64.91, 64.691091, 63.929548, 63.872763 ] }, { "date": "2025-08-29", "close": 66.71, "volume": 1195661, "typical_volume": 1434822.55, "trend": 64.769333, "fair_value": 70.401987, "relative_strength": -16.948152, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.469902, "energy": 17.84705, "activity_lines": [ 65.512667, 65.119455, 64.24731, 63.975516 ] }, { "date": "2025-09-05", "close": 66.6, "volume": 956214, "typical_volume": 1420830.9, "trend": 64.387333, "fair_value": 70.502885, "relative_strength": -17.14194, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.980632, "energy": 28.185575, "activity_lines": [ 65.991333, 65.433091, 64.528024, 64.093624 ] }, { "date": "2025-09-12", "close": 69.6, "volume": 1584989, "typical_volume": 1441260.45, "trend": 64.044667, "fair_value": 70.650385, "relative_strength": -14.256909, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.98771, "energy": 59.644556, "activity_lines": [ 67.382, 66.246182, 65.072643, 64.429925 ] }, { "date": "2025-09-19", "close": 66.51, "volume": 2631345, "typical_volume": 1464515.2, "trend": 63.987, "fair_value": 70.784615, "relative_strength": -19.059807, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.958066, "energy": 49.725667, "activity_lines": [ 67.375333, 66.427455, 65.295214, 64.588978 ] }, { "date": "2025-09-26", "close": 64.17, "volume": 1777128, "typical_volume": 1475033.25, "trend": 63.922667, "fair_value": 70.913526, "relative_strength": -20.82256, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.170211, "energy": 28.953236, "activity_lines": [ 66.373333, 66.130909, 65.270595, 64.600785 ] }, { "date": "2025-10-03", "close": 63.04, "volume": 1444880, "typical_volume": 1489519.7, "trend": 63.833, "fair_value": 70.985256, "relative_strength": -22.428116, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.205094, "energy": 10.992198, "activity_lines": [ 65.147333, 65.627273, 65.134595, 64.543839 ] }, { "date": "2025-10-10", "close": 63.39, "volume": 1295932, "typical_volume": 1509235.35, "trend": 63.831, "fair_value": 71.053654, "relative_strength": -19.467044, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.277878, "energy": 15.625997, "activity_lines": [ 64.282667, 65.230182, 65.038714, 64.515258 ] }, { "date": "2025-10-17", "close": 63.04, "volume": 1126454, "typical_volume": 1510014.45, "trend": 63.828, "fair_value": 71.124936, "relative_strength": -21.026327, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.671818, "energy": 19.280023, "activity_lines": [ 63.515333, 64.803818, 64.898667, 64.464226 ] }, { "date": "2025-10-24", "close": 65.18, "volume": 854691, "typical_volume": 1502681.5, "trend": 63.930333, "fair_value": 71.196795, "relative_strength": -19.289633, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.258125, "energy": 13.042795, "activity_lines": [ 63.898667, 64.785636, 64.958571, 64.551452 ] }, { "date": "2025-10-31", "close": 64.04, "volume": 1855245, "typical_volume": 1538968.2, "trend": 63.991667, "fair_value": 71.239679, "relative_strength": -21.535674, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.688836, "energy": 10.210139, "activity_lines": [ 63.990667, 64.525636, 64.903429, 64.558527 ] }, { "date": "2025-11-07", "close": 57.36, "volume": 2475313, "typical_volume": 1564099.3, "trend": 63.866, "fair_value": 71.22641, "relative_strength": -26.730542, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.160152, "energy": 40.365884, "activity_lines": [ 61.864667, 63.095091, 64.195714, 64.130677 ] }, { "date": "2025-11-14", "close": 61.28, "volume": 1867935, "typical_volume": 1563986.0, "trend": 63.841333, "fair_value": 71.25141, "relative_strength": -20.859319, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.552374, "energy": 35.695898, "activity_lines": [ 61.424, 62.547273, 63.881048, 63.963839 ] }, { "date": "2025-11-21", "close": 56.49, "volume": 1687342, "typical_volume": 1600911.05, "trend": 63.598667, "fair_value": 71.237692, "relative_strength": -23.833688, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.108533, "energy": 69.024006, "activity_lines": [ 59.527333, 61.225273, 63.123476, 63.489559 ] }, { "date": "2025-11-28", "close": 56.38, "volume": 1352834, "typical_volume": 1620424.3, "trend": 63.431333, "fair_value": 71.213526, "relative_strength": -26.728857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.117917, "energy": 74.119574, "activity_lines": [ 58.030667, 60.121636, 62.399524, 63.023839 ] }, { "date": "2025-12-05", "close": 63.69, "volume": 1915890, "typical_volume": 1656069.0, "trend": 63.441667, "fair_value": 71.259231, "relative_strength": -17.40384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.168864, "energy": 43.950728, "activity_lines": [ 59.557333, 60.531273, 62.406286, 63.040527 ] }, { "date": "2025-12-12", "close": 62.9, "volume": 1858496, "typical_volume": 1702012.4, "trend": 63.3895, "fair_value": 71.291538, "relative_strength": -16.248531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.524573, "energy": 26.628988, "activity_lines": [ 60.844, 60.806, 62.339667, 63.005581 ] }, { "date": "2025-12-19", "close": 63.63, "volume": 2064336, "typical_volume": 1672735.5, "trend": 63.473333, "fair_value": 71.325833, "relative_strength": -15.150309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.278069, "energy": 15.43071, "activity_lines": [ 62.004667, 61.216, 62.354476, 63.021097 ] }, { "date": "2025-12-26", "close": 64.21, "volume": 789053, "typical_volume": 1589419.75, "trend": 63.539333, "fair_value": 71.360128, "relative_strength": -14.869923, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.071299, "energy": 19.575862, "activity_lines": [ 63.202, 61.727091, 62.432381, 63.068624 ] }, { "date": "2026-01-02", "close": 59.52, "volume": 1006037, "typical_volume": 1557970.75, "trend": 63.396, "fair_value": 71.346731, "relative_strength": -19.095258, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.001032, "energy": 19.920814, "activity_lines": [ 62.321333, 61.364182, 62.063048, 62.809312 ] }, { "date": "2026-01-09", "close": 62.21, "volume": 1576454, "typical_volume": 1565811.45, "trend": 63.449667, "fair_value": 71.351731, "relative_strength": -16.615467, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.109625, "energy": 13.23303, "activity_lines": [ 62.128, 61.593273, 61.96781, 62.732796 ] }, { "date": "2026-01-16", "close": 55.48, "volume": 1541755, "typical_volume": 1583116.15, "trend": 63.249, "fair_value": 71.316282, "relative_strength": -24.243551, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.346282, "energy": 36.420164, "activity_lines": [ 59.79, 60.632, 61.251857, 62.218624 ] }, { "date": "2026-01-23", "close": 56.34, "volume": 1558508, "typical_volume": 1613230.85, "trend": 62.991333, "fair_value": 71.28141, "relative_strength": -22.564478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.451218, "energy": 53.141529, "activity_lines": [ 58.233333, 59.861273, 60.671286, 61.772882 ] }, { "date": "2026-01-30", "close": 53.7, "volume": 1509860, "typical_volume": 1609474.4, "trend": 62.589667, "fair_value": 71.223077, "relative_strength": -25.328825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.165474, "energy": 67.25437, "activity_lines": [ 56.282667, 58.700364, 59.888143, 61.173441 ] }, { "date": "2026-02-06", "close": 47.48, "volume": 2957031, "typical_volume": 1625758.7, "trend": 62.051333, "fair_value": 71.135641, "relative_strength": -31.836752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.652711, "energy": 83.445486, "activity_lines": [ 52.959333, 56.459273, 58.588333, 60.198624 ] }, { "date": "2026-02-13", "close": 49.08, "volume": 3982740, "typical_volume": 1736039.3, "trend": 61.551333, "fair_value": 71.074551, "relative_strength": -27.813071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.539489, "energy": 80.447153, "activity_lines": [ 50.972, 54.670909, 57.531524, 59.361763 ] }, { "date": "2026-02-20", "close": 49.13, "volume": 2857684, "typical_volume": 1806679.5, "trend": 61.009, "fair_value": 71.023141, "relative_strength": -27.948064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.632035, "energy": 80.755247, "activity_lines": [ 49.876667, 53.157273, 56.551333, 58.560387 ] }, { "date": "2026-02-27", "close": 48.54, "volume": 2750327, "typical_volume": 1879399.25, "trend": 60.451, "fair_value": 70.971474, "relative_strength": -28.007226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.278069, "energy": 78.542028, "activity_lines": [ 49.008, 51.786727, 55.58119, 57.755935 ] }, { "date": "2026-03-06", "close": 48.16, "volume": 2575913, "typical_volume": 1951872.2, "trend": 59.92, "fair_value": 70.926218, "relative_strength": -26.989609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.619573, "energy": 71.901778, "activity_lines": [ 48.532667, 50.621455, 54.645571, 56.962968 ] }, { "date": "2026-03-13", "close": 44.03, "volume": 2335258, "typical_volume": 2025900.55, "trend": 59.278333, "fair_value": 70.842179, "relative_strength": -31.872497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.537533, "energy": 73.301791, "activity_lines": [ 47.05, 48.997091, 53.387476, 55.937806 ] }, { "date": "2026-03-20", "close": 44.14, "volume": 2713196, "typical_volume": 2068798.1, "trend": 58.534333, "fair_value": 70.754423, "relative_strength": -29.636576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.584161, "energy": 73.756783, "activity_lines": [ 45.834, 47.674364, 52.240571, 54.96114 ] }, { "date": "2026-03-27", "close": 37.7, "volume": 3481133, "typical_volume": 2119089.1, "trend": 57.567333, "fair_value": 70.551859, "relative_strength": -37.159078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.665927, "energy": 84.80969, "activity_lines": [ 42.800667, 45.509273, 50.575095, 53.616989 ] }, { "date": "2026-04-03", "close": 38.03, "volume": 2359456, "typical_volume": 2143665.15, "trend": 56.615, "fair_value": 70.360449, "relative_strength": -38.111648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.565459, "energy": 87.917237, "activity_lines": [ 40.639333, 43.727455, 49.034667, 52.356516 ] }, { "date": "2026-04-10", "close": 34.27, "volume": 2795145, "typical_volume": 2199055.3, "trend": 55.437333, "fair_value": 70.144103, "relative_strength": -45.827215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.377801, "energy": 90.781227, "activity_lines": [ 37.925333, 41.594909, 47.246857, 50.914903 ] }, { "date": "2026-04-17", "close": 38.76, "volume": 2792408, "typical_volume": 2271034.0, "trend": 54.512333, "fair_value": 69.964359, "relative_strength": -41.420183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.482818, "energy": 82.81934, "activity_lines": [ 37.634, 40.632, 45.992476, 49.838946 ] }, { "date": "2026-04-24", "close": 37.49, "volume": 2630140, "typical_volume": 2306746.5, "trend": 53.623, "fair_value": 69.760096, "relative_strength": -43.722242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.358669, "energy": 71.422752, "activity_lines": [ 37.270667, 39.596727, 44.701048, 48.740731 ] }, { "date": "2026-05-01", "close": 37.54, "volume": 3639367, "typical_volume": 2395790.05, "trend": 52.773, "fair_value": 69.552019, "relative_strength": -43.746848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.178771, "energy": 60.757443, "activity_lines": [ 37.367333, 38.781273, 43.539143, 47.703118 ] }, { "date": "2026-05-08", "close": 37.5, "volume": 3128287, "typical_volume": 2448987.6, "trend": 51.91, "fair_value": 69.341314, "relative_strength": -45.920745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.375419, "energy": 56.262767, "activity_lines": [ 37.461333, 38.169273, 42.49419, 46.717763 ] }, { "date": "2026-05-15", "close": 30.85, "volume": 3217577, "typical_volume": 2570413.8, "trend": 50.837, "fair_value": 69.078301, "relative_strength": -54.645847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.737839, "energy": 67.77476, "activity_lines": [ 35.374, 36.548909, 40.940333, 45.359054 ] }, { "date": "2026-05-22", "close": 29.57, "volume": 3568714, "typical_volume": 2698547.65, "trend": 49.65, "fair_value": 68.800673, "relative_strength": -56.356078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.226476, "energy": 74.941457, "activity_lines": [ 33.088, 35.010545, 39.423429, 43.986989 ] }, { "date": "2026-05-29", "close": 30.69, "volume": 3275023, "typical_volume": 2783476.1, "trend": 48.538333, "fair_value": 68.522788, "relative_strength": -55.259696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.231117, "energy": 80.250581, "activity_lines": [ 31.788, 33.938727, 38.15581, 42.763763 ] }, { "date": "2026-06-05", "close": 28.31, "volume": 3797737, "typical_volume": 2896275.2, "trend": 47.57, "fair_value": 68.236891, "relative_strength": -56.048622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.295975, "energy": 83.788395, "activity_lines": [ 30.148, 32.678727, 36.811619, 41.45871 ] }, { "date": "2026-06-12", "close": 27.9, "volume": 3493554, "typical_volume": 2993027.5, "trend": 46.457333, "fair_value": 67.951442, "relative_strength": -56.967528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.114816, "energy": 80.405129, "activity_lines": [ 28.986667, 31.514909, 35.557762, 40.189677 ] }, { "date": "2026-06-19", "close": 27.04, "volume": 8673080, "typical_volume": 3351188.5, "trend": 45.475667, "fair_value": 67.680545, "relative_strength": -58.666372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.256285, "energy": 68.845942, "activity_lines": [ 28.178667, 30.378909, 34.357429, 38.936946 ] }, { "date": "2026-06-26", "close": 29.23, "volume": 4737816, "typical_volume": 3440227.75, "trend": 44.570667, "fair_value": 67.411635, "relative_strength": -52.427939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.441348, "energy": 64.52104, "activity_lines": [ 28.354667, 29.772545, 33.492619, 37.888839 ] }, { "date": "2026-07-03", "close": 30.09, "volume": 2986407, "typical_volume": 3390411.1, "trend": 43.450667, "fair_value": 67.136635, "relative_strength": -50.611533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.532643, "energy": 58.324202, "activity_lines": [ 28.84, 29.495818, 32.796619, 36.954602 ] }, { "date": "2026-07-10", "close": 29.59, "volume": 2786044, "typical_volume": 3386829.1, "trend": 42.340333, "fair_value": 66.835545, "relative_strength": -51.483973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.5278, "energy": 52.524351, "activity_lines": [ 29.198667, 29.262727, 32.143429, 36.060366 ] }, { "date": "2026-07-17", "close": 32.4, "volume": 3061535, "typical_volume": 3402389.5, "trend": 41.299333, "fair_value": 66.565801, "relative_strength": -43.695107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.518015, "energy": 37.751092, "activity_lines": [ 30.408667, 29.685091, 31.850905, 35.419054 ] }, { "date": "2026-07-24", "close": 32.71, "volume": 3065929, "typical_volume": 3426890.3, "trend": 40.249333, "fair_value": 66.299904, "relative_strength": -41.305518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.283412, "energy": 27.416997, "activity_lines": [ 31.422, 30.256545, 31.664762, 34.864903 ] }, { "date": "2026-07-31", "close": 42.8, "volume": 5820888, "typical_volume": 3601171.8, "trend": 39.692, "fair_value": 66.102788, "relative_strength": -22.594859, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 16.786594, "energy": 24.056699, "activity_lines": [ 35.420667, 32.628727, 32.513143, 35.029462 ] }, { "date": "2026-08-07", "close": 45.87, "volume": 3189667, "typical_volume": 3624995.35, "trend": 39.147333, "fair_value": 65.92875, "relative_strength": -20.135837, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.425871, "energy": 49.599837, "activity_lines": [ 39.538, 35.318545, 33.659762, 35.428043 ] } ], "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." } } }