{ "ticker": { "uuid": "681aa297-031a-400d-b105-250f572eaf2d", "symbol": "SHB-B", "name": "Svenska Handelsbanken AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 81.775, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 51.562, "architecture_energy": 28.527, "architecture_maturity": 42.049, "architecture_confidence": 71.102, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 28.08, "rotation_up": 40.08, "upward_expansion": 67.12, "deceleration": 81.97, "rotation_down": 25.63, "downward_expansion": 14.79 }, "activity_lines": [ 232.133335, 232.30182, 229.489524, 226.363255 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 235.0, "trend_reference": 223.193501, "distance_from_trend": 0.052898, "trend_direction": "Improving", "fair_value": 153.442839, "distance_from_fair_value": 0.531515, "fair_value_direction": "Improving", "relative_strength": -1.218682, "relative_strength_direction": "Improving", "price_momentum": 0.054244, "excess_performance": -0.007251, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.052898, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040434, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.531515, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.003784, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.012187, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.006209, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.054244, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.675186, "read": "Demand-led" } ], "volume": { "latest": 269460, "relative_activity": 0.772902, "balance": 1.675186, "dry_up": 0.886741, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.032144, "annualized_volatility": 0.199536, "from_high_reference": -0.025705, "from_low_reference": 0.312238 }, "levels": { "trend_reference": 223.193501, "fair_value_reference": 153.442839, "structural_low": 196.705746, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.020934, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.008278, "regime_survival": 0.3, "best_return": 0.236994, "worst_return": -0.083459, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.026975, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.020294, "regime_survival": 0.0, "best_return": 0.278741, "worst_return": -0.064924, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.014425, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.073767, "regime_survival": 0.0, "best_return": 0.365447, "worst_return": -0.036333, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.282136, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.279854, "regime_survival": 0.25, "best_return": 0.5593, "worst_return": 0.262135, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-12", "end": "2024-05-10", "tenure": "Developing", "return": -0.083459, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-17", "end": "2024-06-07", "tenure": "New", "return": 0.004918, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-06-28", "tenure": "New", "return": 0.004926, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2024-07-19", "tenure": "New", "return": 0.0415, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2024-08-30", "tenure": "Developing", "return": 0.019128, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-10-04", "tenure": "Developing", "return": -0.028614, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2025-04-04", "tenure": "Established", "return": 0.24285, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.23571, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-07-18", "tenure": "Developing", "return": -0.045171, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": 0.08748, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2026-03-20", "tenure": "Extended", "return": 0.083004, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-05-29", "tenure": "Developing", "return": 0.115871, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-07-31", "tenure": "Developing", "return": 0.037433, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 84.536736, "volume": 507120, "typical_volume": 577360.85, "trend": 87.412011, "fair_value": 75.182807, "relative_strength": -2.787456, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -16.781143, "energy": 13.050972, "activity_lines": [ 86.853089, 86.63499, 85.863318, 86.160355 ] }, { "date": "2023-08-25", "close": 84.691841, "volume": 314061, "typical_volume": 567151.3, "trend": 87.112444, "fair_value": 75.329632, "relative_strength": -2.816943, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.96977, "energy": 14.585893, "activity_lines": [ 85.984454, 86.398089, 85.765818, 85.98486 ] }, { "date": "2023-09-01", "close": 85.62252, "volume": 285441, "typical_volume": 545994.75, "trend": 86.723241, "fair_value": 75.499215, "relative_strength": -3.512907, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.581085, "energy": 19.107906, "activity_lines": [ 85.612182, 86.338864, 85.761386, 85.888736 ] }, { "date": "2023-09-08", "close": 88.879898, "volume": 985529, "typical_volume": 567513.65, "trend": 86.650149, "fair_value": 75.685993, "relative_strength": 0.478314, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.426613, "energy": 10.149853, "activity_lines": [ 86.491155, 86.795742, 86.081215, 86.027875 ] }, { "date": "2023-09-15", "close": 90.586151, "volume": 609354, "typical_volume": 552391.95, "trend": 86.571191, "fair_value": 75.903369, "relative_strength": 1.500656, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.122616, "energy": 28.339839, "activity_lines": [ 87.949222, 87.46414, 86.564282, 86.281811 ] }, { "date": "2023-09-22", "close": 91.671936, "volume": 386776, "typical_volume": 546762.0, "trend": 86.484988, "fair_value": 76.133029, "relative_strength": 4.173886, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.679044, "energy": 61.3759, "activity_lines": [ 89.552057, 88.242526, 87.135246, 86.610891 ] }, { "date": "2023-09-29", "close": 89.500351, "volume": 414526, "typical_volume": 537857.35, "trend": 86.345705, "fair_value": 76.339759, "relative_strength": 2.277767, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.438012, "energy": 61.239155, "activity_lines": [ 89.955351, 88.552752, 87.462461, 86.80543 ] }, { "date": "2023-10-06", "close": 90.89637, "volume": 343018, "typical_volume": 536589.15, "trend": 86.301218, "fair_value": 76.557894, "relative_strength": 3.910005, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.930363, "energy": 63.759892, "activity_lines": [ 90.503417, 89.080137, 87.892346, 87.099022 ] }, { "date": "2023-10-13", "close": 92.757729, "volume": 441185, "typical_volume": 525241.1, "trend": 86.584224, "fair_value": 76.788781, "relative_strength": 4.277409, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.647589, "energy": 66.366543, "activity_lines": [ 91.320347, 89.895186, 88.457401, 87.515571 ] }, { "date": "2023-10-20", "close": 93.067963, "volume": 1368221, "typical_volume": 570042.95, "trend": 86.940985, "fair_value": 77.020427, "relative_strength": 10.290081, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.564403, "energy": 56.243418, "activity_lines": [ 91.982165, 90.698955, 89.008423, 87.933877 ] }, { "date": "2023-10-27", "close": 87.949226, "volume": 403552, "typical_volume": 546854.75, "trend": 86.99786, "fair_value": 77.232368, "relative_strength": 5.725189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.301179, "energy": 33.669862, "activity_lines": [ 90.772284, 90.467697, 89.032798, 87.998924 ] }, { "date": "2023-11-03", "close": 91.671936, "volume": 393043, "typical_volume": 516968.2, "trend": 87.199507, "fair_value": 77.454246, "relative_strength": 6.266385, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.3795, "energy": 33.521145, "activity_lines": [ 91.051487, 90.851249, 89.403592, 88.300478 ] }, { "date": "2023-11-10", "close": 90.89637, "volume": 508072, "typical_volume": 522455.1, "trend": 87.277064, "fair_value": 77.660504, "relative_strength": 5.879763, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.606193, "energy": 24.405573, "activity_lines": [ 90.927395, 90.966878, 89.669501, 88.538985 ] }, { "date": "2023-11-17", "close": 92.757729, "volume": 586263, "typical_volume": 539506.7, "trend": 87.401154, "fair_value": 77.877874, "relative_strength": 3.991179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.926098, "energy": 29.121699, "activity_lines": [ 91.423757, 91.325049, 90.067624, 88.892576 ] }, { "date": "2023-11-24", "close": 96.015114, "volume": 377739, "typical_volume": 537634.3, "trend": 87.690699, "fair_value": 78.104656, "relative_strength": 6.142181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.035938, "energy": 50.433959, "activity_lines": [ 93.005913, 92.204965, 90.731657, 89.448316 ] }, { "date": "2023-12-01", "close": 95.394661, "volume": 431198, "typical_volume": 531529.05, "trend": 88.073312, "fair_value": 78.330738, "relative_strength": 4.477948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.336759, "energy": 57.7293, "activity_lines": [ 94.184775, 92.873362, 91.287849, 89.945345 ] }, { "date": "2023-12-08", "close": 97.876465, "volume": 602156, "typical_volume": 514523.95, "trend": 88.564504, "fair_value": 78.58174, "relative_strength": 4.287144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.713516, "energy": 73.077339, "activity_lines": [ 95.694543, 93.925312, 92.043472, 90.577807 ] }, { "date": "2023-12-15", "close": 100.04805, "volume": 1065344, "typical_volume": 545486.9, "trend": 89.164275, "fair_value": 78.85813, "relative_strength": 3.434258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.632146, "energy": 80.577373, "activity_lines": [ 97.514537, 95.219801, 92.956424, 91.318681 ] }, { "date": "2023-12-22", "close": 100.04805, "volume": 536196, "typical_volume": 549043.1, "trend": 89.712341, "fair_value": 79.132882, "relative_strength": 4.001776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.481045, "energy": 80.615462, "activity_lines": [ 98.724419, 96.347897, 93.812501, 92.02086 ] }, { "date": "2023-12-29", "close": 100.978737, "volume": 259803, "typical_volume": 540929.85, "trend": 90.250067, "fair_value": 79.402542, "relative_strength": 4.103542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.00441, "energy": 83.053696, "activity_lines": [ 99.758508, 97.512657, 94.704772, 92.747724 ] }, { "date": "2024-01-05", "close": 104.701454, "volume": 396940, "typical_volume": 535420.85, "trend": 90.86535, "fair_value": 79.688282, "relative_strength": 10.615101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.992477, "energy": 89.642617, "activity_lines": [ 101.702596, 99.210442, 95.886587, 93.680072 ] }, { "date": "2024-01-12", "close": 105.321915, "volume": 446551, "typical_volume": 542045.35, "trend": 91.537508, "fair_value": 79.974314, "relative_strength": 10.338534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.183781, "energy": 89.738891, "activity_lines": [ 103.23305, 100.716453, 97.031472, 94.612753 ] }, { "date": "2024-01-19", "close": 103.150322, "volume": 456348, "typical_volume": 550590.7, "trend": 92.26137, "fair_value": 80.239053, "relative_strength": 10.700137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.091284, "energy": 83.152622, "activity_lines": [ 103.543277, 101.579447, 97.871299, 95.361967 ] }, { "date": "2024-01-26", "close": 110.130424, "volume": 625543, "typical_volume": 532591.4, "trend": 93.150686, "fair_value": 80.553041, "relative_strength": 14.38396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.222517, "energy": 92.784327, "activity_lines": [ 105.973387, 103.488752, 99.292433, 96.514809 ] }, { "date": "2024-02-02", "close": 108.269066, "volume": 534711, "typical_volume": 528859.25, "trend": 93.9004, "fair_value": 80.847315, "relative_strength": 12.380045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.181022, "energy": 86.194246, "activity_lines": [ 107.110885, 104.74376, 100.435101, 97.490189 ] }, { "date": "2024-02-09", "close": 112.146904, "volume": 1564423, "typical_volume": 587741.6, "trend": 94.71733, "fair_value": 81.170953, "relative_strength": 16.82376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.032821, "energy": 83.289651, "activity_lines": [ 109.054974, 106.481031, 101.862883, 98.667382 ] }, { "date": "2024-02-16", "close": 117.575867, "volume": 855486, "typical_volume": 609789.6, "trend": 95.720396, "fair_value": 81.523658, "relative_strength": 19.186095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.041906, "energy": 93.206908, "activity_lines": [ 112.312355, 108.9008, 103.71021, 100.142127 ] }, { "date": "2024-02-23", "close": 116.645172, "volume": 752097, "typical_volume": 630243.55, "trend": 96.671758, "fair_value": 81.860976, "relative_strength": 16.671072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.045354, "energy": 88.139669, "activity_lines": [ 114.442573, 110.79318, 105.335205, 101.492112 ] }, { "date": "2024-03-01", "close": 121.143463, "volume": 742212, "typical_volume": 645294.9, "trend": 97.74204, "fair_value": 82.199277, "relative_strength": 19.461426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.198518, "energy": 91.396427, "activity_lines": [ 117.172565, 113.201666, 107.265996, 103.070932 ] }, { "date": "2024-03-08", "close": 118.97187, "volume": 853553, "typical_volume": 619561.5, "trend": 98.79681, "fair_value": 82.508094, "relative_strength": 15.773234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.391877, "energy": 86.009259, "activity_lines": [ 118.44449, 114.831764, 108.854799, 104.440598 ] }, { "date": "2024-03-15", "close": 118.506546, "volume": 766354, "typical_volume": 637701.6, "trend": 99.929137, "fair_value": 82.812289, "relative_strength": 12.893114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.719229, "energy": 67.03046, "activity_lines": [ 118.847787, 116.050109, 110.275933, 105.712194 ] }, { "date": "2024-03-22", "close": 116.118904, "volume": 1287499, "typical_volume": 682424.4, "trend": 100.976705, "fair_value": 83.101191, "relative_strength": 10.261256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.378888, "energy": 64.471507, "activity_lines": [ 118.031227, 116.583336, 111.324161, 106.756695 ] }, { "date": "2024-03-29", "close": 114.762756, "volume": 799239, "typical_volume": 696982.75, "trend": 101.948047, "fair_value": 83.382252, "relative_strength": 9.325417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.501966, "energy": 52.054416, "activity_lines": [ 116.859749, 116.673682, 112.126818, 107.646118 ] }, { "date": "2024-04-05", "close": 113.830429, "volume": 643464, "typical_volume": 699842.8, "trend": 102.779731, "fair_value": 83.65691, "relative_strength": 8.706782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.035847, "energy": 38.270738, "activity_lines": [ 115.50299, 116.383379, 112.727033, 108.412723 ] }, { "date": "2024-04-12", "close": 112.728569, "volume": 506382, "typical_volume": 706274.95, "trend": 103.517812, "fair_value": 83.926208, "relative_strength": 7.284496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.576147, "energy": 26.78851, "activity_lines": [ 114.266479, 115.825465, 113.121963, 109.054584 ] }, { "date": "2024-04-19", "close": 112.643799, "volume": 554926, "typical_volume": 712461.35, "trend": 104.216874, "fair_value": 84.210286, "relative_strength": 7.149829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.462907, "energy": 22.645541, "activity_lines": [ 113.417932, 115.171056, 113.429231, 109.643357 ] }, { "date": "2024-04-26", "close": 101.879501, "volume": 1749547, "typical_volume": 769830.9, "trend": 104.629512, "fair_value": 84.422808, "relative_strength": -5.256735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.220542, "energy": 20.294403, "activity_lines": [ 109.372135, 112.550467, 112.629189, 109.492559 ] }, { "date": "2024-05-03", "close": 102.218529, "volume": 874249, "typical_volume": 760276.15, "trend": 105.006917, "fair_value": 84.633247, "relative_strength": -4.403954, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.200787, "energy": 29.273711, "activity_lines": [ 106.388641, 110.276909, 111.842374, 109.337012 ] }, { "date": "2024-05-10", "close": 103.320389, "volume": 645123, "typical_volume": 765722.5, "trend": 105.359006, "fair_value": 84.8516, "relative_strength": -6.692512, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.376884, "energy": 39.468637, "activity_lines": [ 104.608715, 108.465991, 111.150162, 109.228203 ] }, { "date": "2024-05-17", "close": 103.405151, "volume": 522193, "typical_volume": 778842.0, "trend": 105.703579, "fair_value": 85.076031, "relative_strength": -5.861457, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.241296, "energy": 51.819688, "activity_lines": [ 103.557713, 106.99454, 110.45044, 109.102148 ] }, { "date": "2024-05-24", "close": 101.709984, "volume": 550340, "typical_volume": 786512.0, "trend": 106.162271, "fair_value": 85.29981, "relative_strength": -8.27334, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.688035, "energy": 60.545219, "activity_lines": [ 102.563217, 105.497909, 109.57772, 108.844497 ] }, { "date": "2024-05-31", "close": 102.811844, "volume": 452929, "typical_volume": 786830.9, "trend": 106.533601, "fair_value": 85.531078, "relative_strength": -6.65823, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.671526, "energy": 47.83528, "activity_lines": [ 102.664928, 104.507008, 108.824183, 108.62834 ] }, { "date": "2024-06-07", "close": 103.913696, "volume": 313141, "typical_volume": 779670.55, "trend": 106.967512, "fair_value": 85.769835, "relative_strength": -6.449853, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.697126, "energy": 34.504898, "activity_lines": [ 103.071767, 103.95839, 108.187537, 108.459314 ] }, { "date": "2024-06-14", "close": 103.235641, "volume": 413764, "typical_volume": 769081.6, "trend": 107.316776, "fair_value": 86.004246, "relative_strength": -4.968172, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.231037, "energy": 31.293892, "activity_lines": [ 103.139576, 103.483745, 107.48268, 108.218548 ] }, { "date": "2024-06-21", "close": 102.388054, "volume": 370564, "typical_volume": 760874.25, "trend": 107.529207, "fair_value": 86.214495, "relative_strength": -6.33644, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.637124, "energy": 29.258161, "activity_lines": [ 102.930506, 103.047625, 106.729933, 107.900566 ] }, { "date": "2024-06-28", "close": 103.744179, "volume": 307622, "typical_volume": 698034.2, "trend": 107.807524, "fair_value": 86.441098, "relative_strength": -5.118824, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -44.601623, "energy": 32.569801, "activity_lines": [ 103.241285, 103.046083, 106.134344, 107.656371 ] }, { "date": "2024-07-05", "close": 106.202171, "volume": 355702, "typical_volume": 673045.0, "trend": 108.085048, "fair_value": 86.675796, "relative_strength": -2.527677, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.69636, "energy": 25.906582, "activity_lines": [ 104.235781, 103.653261, 105.812864, 107.5528 ] }, { "date": "2024-07-12", "close": 106.964996, "volume": 286538, "typical_volume": 649767.05, "trend": 108.315613, "fair_value": 86.911553, "relative_strength": -4.664344, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.917909, "energy": 19.450769, "activity_lines": [ 105.25853, 104.320539, 105.618194, 107.480538 ] }, { "date": "2024-07-19", "close": 110.609612, "volume": 511814, "typical_volume": 638247.15, "trend": 108.667665, "fair_value": 87.180037, "relative_strength": 0.713857, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.405412, "energy": 16.23491, "activity_lines": [ 107.292731, 105.564176, 105.816726, 107.628538 ] }, { "date": "2024-07-26", "close": 110.779121, "volume": 231437, "typical_volume": 607141.35, "trend": 108.994344, "fair_value": 87.449608, "relative_strength": 0.375825, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.051083, "energy": 25.393477, "activity_lines": [ 108.891837, 106.706101, 106.081563, 107.764761 ] }, { "date": "2024-08-02", "close": 106.371689, "volume": 355536, "typical_volume": 586600.45, "trend": 109.050019, "fair_value": 87.687947, "relative_strength": 0.620536, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.845392, "energy": 20.679639, "activity_lines": [ 108.462395, 106.912603, 105.965658, 107.595558 ] }, { "date": "2024-08-09", "close": 107.049759, "volume": 449112, "typical_volume": 544681.1, "trend": 109.107614, "fair_value": 87.915734, "relative_strength": 1.430459, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.550282, "energy": 17.09215, "activity_lines": [ 108.083809, 107.157631, 105.972116, 107.466509 ] }, { "date": "2024-08-16", "close": 109.083961, "volume": 267553, "typical_volume": 518096.8, "trend": 109.305402, "fair_value": 88.174439, "relative_strength": 0.153628, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.877584, "energy": 13.532058, "activity_lines": [ 108.326784, 107.695462, 106.215494, 107.464983 ] }, { "date": "2024-08-23", "close": 111.033401, "volume": 337155, "typical_volume": 502781.35, "trend": 109.335501, "fair_value": 88.433296, "relative_strength": 0.722023, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.076092, "energy": 11.946039, "activity_lines": [ 109.078308, 108.493732, 106.671574, 107.576467 ] }, { "date": "2024-08-30", "close": 112.898079, "volume": 269287, "typical_volume": 490926.6, "trend": 109.489801, "fair_value": 88.711768, "relative_strength": 0.771486, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.689327, "energy": 33.206448, "activity_lines": [ 110.423139, 109.489256, 107.318563, 107.80631 ] }, { "date": "2024-09-06", "close": 112.559052, "volume": 342459, "typical_volume": 480303.25, "trend": 109.503539, "fair_value": 88.999985, "relative_strength": 4.91289, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.113479, "energy": 44.184203, "activity_lines": [ 111.513697, 110.232048, 107.932455, 108.004326 ] }, { "date": "2024-09-13", "close": 110.101051, "volume": 345094, "typical_volume": 410080.6, "trend": 109.254379, "fair_value": 89.286917, "relative_strength": 0.721389, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.06079, "energy": 41.019478, "activity_lines": [ 111.372431, 110.36766, 108.312656, 108.042876 ] }, { "date": "2024-09-20", "close": 115.101799, "volume": 384002, "typical_volume": 385568.25, "trend": 109.202933, "fair_value": 89.583346, "relative_strength": 2.987356, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.382862, "energy": 52.477723, "activity_lines": [ 112.694661, 111.341611, 109.129969, 108.420129 ] }, { "date": "2024-09-27", "close": 113.491386, "volume": 287234, "typical_volume": 367673.8, "trend": 108.947864, "fair_value": 89.853703, "relative_strength": -0.838417, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.400656, "energy": 42.833549, "activity_lines": [ 113.078897, 111.874817, 109.73256, 108.696803 ] }, { "date": "2024-10-04", "close": 109.338234, "volume": 379621, "typical_volume": 360545.2, "trend": 108.626743, "fair_value": 90.076154, "relative_strength": -3.150313, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 53.120574, "energy": 31.84112, "activity_lines": [ 111.914884, 111.600508, 109.891179, 108.721988 ] }, { "date": "2024-10-11", "close": 109.422997, "volume": 231915, "typical_volume": 344623.95, "trend": 108.323958, "fair_value": 90.289785, "relative_strength": -2.506764, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.999353, "energy": 24.097915, "activity_lines": [ 111.016449, 111.36781, 110.029618, 108.773359 ] }, { "date": "2024-10-18", "close": 111.796219, "volume": 348302, "typical_volume": 339392.6, "trend": 108.179868, "fair_value": 90.521139, "relative_strength": -0.531453, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.51681, "energy": 19.83596, "activity_lines": [ 111.118157, 111.511127, 110.35735, 108.997376 ] }, { "date": "2024-10-25", "close": 120.356812, "volume": 757050, "typical_volume": 361588.05, "trend": 108.366337, "fair_value": 90.812239, "relative_strength": 7.001448, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.86539, "energy": 42.447296, "activity_lines": [ 113.960385, 113.124617, 111.457594, 109.782985 ] }, { "date": "2024-11-01", "close": 122.645279, "volume": 416193, "typical_volume": 361709.5, "trend": 108.660165, "fair_value": 91.09277, "relative_strength": 10.293496, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.292192, "energy": 78.570073, "activity_lines": [ 117.215102, 114.949231, 112.697486, 110.704207 ] }, { "date": "2024-11-08", "close": 122.136742, "volume": 483635, "typical_volume": 367363.05, "trend": 108.973771, "fair_value": 91.366499, "relative_strength": 9.540147, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.707596, "energy": 85.75925, "activity_lines": [ 119.690046, 116.470258, 113.796519, 111.573664 ] }, { "date": "2024-11-15", "close": 121.882462, "volume": 331951, "typical_volume": 368579.5, "trend": 109.281726, "fair_value": 91.647453, "relative_strength": 11.122616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.70871, "energy": 85.915898, "activity_lines": [ 121.226997, 117.777077, 114.777294, 112.406483 ] }, { "date": "2024-11-22", "close": 121.712959, "volume": 332117, "typical_volume": 367400.25, "trend": 109.942842, "fair_value": 91.950346, "relative_strength": 10.526736, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.567392, "energy": 82.520529, "activity_lines": [ 121.876816, 118.883561, 115.655553, 113.208498 ] }, { "date": "2024-11-29", "close": 123.492867, "volume": 308361, "typical_volume": 368491.4, "trend": 110.651986, "fair_value": 92.275718, "relative_strength": 11.823732, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.066839, "energy": 75.526349, "activity_lines": [ 122.458821, 120.102539, 116.629466, 114.082693 ] }, { "date": "2024-12-06", "close": 127.561279, "volume": 339687, "typical_volume": 359885.05, "trend": 111.460016, "fair_value": 92.63204, "relative_strength": 10.756694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.884579, "energy": 65.154914, "activity_lines": [ 124.187894, 121.908663, 117.912142, 115.173615 ] }, { "date": "2024-12-13", "close": 124.086182, "volume": 322148, "typical_volume": 364420.6, "trend": 112.149384, "fair_value": 92.967857, "relative_strength": 9.863586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.48514, "energy": 56.602883, "activity_lines": [ 124.430867, 122.827135, 118.783135, 115.988207 ] }, { "date": "2024-12-20", "close": 123.408127, "volume": 323024, "typical_volume": 362795.0, "trend": 112.872655, "fair_value": 93.283387, "relative_strength": 12.489207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.437205, "energy": 53.571147, "activity_lines": [ 124.31786, 123.35418, 119.526184, 116.714577 ] }, { "date": "2024-12-27", "close": 125.696594, "volume": 156886, "typical_volume": 348183.7, "trend": 113.63548, "fair_value": 93.611816, "relative_strength": 13.448273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.245663, "energy": 53.896512, "activity_lines": [ 124.865963, 124.043035, 120.406057, 117.541928 ] }, { "date": "2025-01-03", "close": 130.866852, "volume": 382712, "typical_volume": 353941.65, "trend": 114.533919, "fair_value": 93.95789, "relative_strength": 16.746707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.063373, "energy": 60.286507, "activity_lines": [ 126.871911, 125.419203, 121.689541, 118.653629 ] }, { "date": "2025-01-10", "close": 130.273529, "volume": 411266, "typical_volume": 357647.2, "trend": 115.435181, "fair_value": 94.27935, "relative_strength": 15.306986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.124614, "energy": 59.651838, "activity_lines": [ 128.188485, 126.496402, 122.812789, 119.669088 ] }, { "date": "2025-01-17", "close": 135.952332, "volume": 599330, "typical_volume": 374149.35, "trend": 116.553991, "fair_value": 94.648282, "relative_strength": 15.676002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.161713, "energy": 83.532323, "activity_lines": [ 131.217176, 128.467415, 124.385256, 120.992775 ] }, { "date": "2025-01-24", "close": 141.376877, "volume": 717459, "typical_volume": 392899.35, "trend": 117.808414, "fair_value": 95.04933, "relative_strength": 17.607233, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.805687, "energy": 95.006352, "activity_lines": [ 135.262973, 131.173517, 126.364565, 122.594252 ] }, { "date": "2025-01-31", "close": 140.868332, "volume": 600278, "typical_volume": 405658.55, "trend": 118.963953, "fair_value": 95.456417, "relative_strength": 16.798196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.765209, "energy": 92.593157, "activity_lines": [ 137.941338, 133.432712, 128.158213, 124.081988 ] }, { "date": "2025-02-07", "close": 144.682449, "volume": 1577362, "typical_volume": 465326.55, "trend": 120.221201, "fair_value": 95.883526, "relative_strength": 20.991714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.391214, "energy": 92.936132, "activity_lines": [ 140.879626, 136.037103, 130.168599, 125.741246 ] }, { "date": "2025-02-14", "close": 154.260132, "volume": 1291218, "typical_volume": 515525.75, "trend": 121.676218, "fair_value": 96.399039, "relative_strength": 24.91178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.098155, "energy": 95.943224, "activity_lines": [ 146.089436, 139.997626, 132.950286, 127.937306 ] }, { "date": "2025-02-21", "close": 160.362732, "volume": 1042203, "typical_volume": 548654.85, "trend": 123.329005, "fair_value": 96.972711, "relative_strength": 28.908512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.677805, "energy": 95.715447, "activity_lines": [ 151.734338, 144.582279, 136.119035, 130.43321 ] }, { "date": "2025-02-28", "close": 168.499542, "volume": 1422240, "typical_volume": 608171.1, "trend": 125.399934, "fair_value": 97.616697, "relative_strength": 34.711168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.710681, "energy": 96.84344, "activity_lines": [ 158.464151, 149.986778, 139.819745, 133.347439 ] }, { "date": "2025-03-07", "close": 162.396957, "volume": 2710990, "typical_volume": 726305.5, "trend": 127.244841, "fair_value": 98.204294, "relative_strength": 28.986683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.642991, "energy": 82.633651, "activity_lines": [ 161.351591, 153.461873, 142.657939, 135.734343 ] }, { "date": "2025-03-14", "close": 152.480225, "volume": 1500840, "typical_volume": 763495.0, "trend": 128.691383, "fair_value": 98.709727, "relative_strength": 22.709335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.58261, "energy": 66.917665, "activity_lines": [ 159.498212, 154.466646, 144.310727, 137.362433 ] }, { "date": "2025-03-21", "close": 154.853455, "volume": 914881, "typical_volume": 788429.4, "trend": 130.152051, "fair_value": 99.226242, "relative_strength": 26.44573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.821874, "energy": 61.80675, "activity_lines": [ 157.916057, 155.509945, 146.036568, 139.050308 ] }, { "date": "2025-03-28", "close": 150.943069, "volume": 1125925, "typical_volume": 820543.9, "trend": 131.420217, "fair_value": 99.729756, "relative_strength": 26.733216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.411561, "energy": 42.82629, "activity_lines": [ 154.990886, 155.395357, 147.23662, 140.391664 ] }, { "date": "2025-04-04", "close": 135.996368, "volume": 1056956, "typical_volume": 856794.15, "trend": 132.201461, "fair_value": 100.120752, "relative_strength": 26.209299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.990054, "energy": 22.648755, "activity_lines": [ 147.711459, 152.290628, 146.876003, 140.6869 ] }, { "date": "2025-04-11", "close": 143.654236, "volume": 1548606, "typical_volume": 917618.6, "trend": 133.319901, "fair_value": 100.557125, "relative_strength": 32.89804, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.797019, "energy": 23.058613, "activity_lines": [ 145.151533, 150.676066, 147.177497, 141.425788 ] }, { "date": "2025-04-18", "close": 153.526428, "volume": 569210, "typical_volume": 930661.05, "trend": 134.600722, "fair_value": 101.046571, "relative_strength": 36.216709, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.937234, "energy": 22.68217, "activity_lines": [ 147.131852, 150.805795, 148.314718, 142.729435 ] }, { "date": "2025-04-25", "close": 159.800354, "volume": 469649, "typical_volume": 937159.15, "trend": 136.144354, "fair_value": 101.553959, "relative_strength": 36.1889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.28881, "energy": 22.010025, "activity_lines": [ 151.133733, 151.915439, 149.906439, 144.355218 ] }, { "date": "2025-05-02", "close": 177.514938, "volume": 734653, "typical_volume": 957784.4, "trend": 138.416911, "fair_value": 102.188824, "relative_strength": 47.235864, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.581067, "energy": 49.151589, "activity_lines": [ 160.710682, 156.145184, 153.031744, 147.024288 ] }, { "date": "2025-05-09", "close": 177.699478, "volume": 516377, "typical_volume": 967452.05, "trend": 140.692794, "fair_value": 102.822088, "relative_strength": 46.29534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.67311, "energy": 76.739435, "activity_lines": [ 168.577686, 160.096625, 155.920201, 149.558647 ] }, { "date": "2025-05-16", "close": 184.711487, "volume": 660932, "typical_volume": 992654.35, "trend": 143.123302, "fair_value": 103.48081, "relative_strength": 44.543373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.186451, "energy": 85.49974, "activity_lines": [ 176.00182, 165.155704, 159.217939, 152.398563 ] }, { "date": "2025-05-23", "close": 182.589432, "volume": 760927, "typical_volume": 1011565.1, "trend": 145.197723, "fair_value": 104.121288, "relative_strength": 44.66636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.121613, "energy": 83.661736, "activity_lines": [ 179.981451, 169.423236, 162.032552, 154.944765 ] }, { "date": "2025-05-30", "close": 185.080551, "volume": 449619, "typical_volume": 1013482.75, "trend": 147.278899, "fair_value": 104.792585, "relative_strength": 43.788564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.572696, "energy": 82.996241, "activity_lines": [ 182.853923, 173.596259, 164.838117, 157.51785 ] }, { "date": "2025-06-06", "close": 187.294876, "volume": 582624, "typical_volume": 1012647.45, "trend": 149.450837, "fair_value": 105.484573, "relative_strength": 42.200482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.819492, "energy": 82.7003, "activity_lines": [ 184.779155, 177.622303, 167.593585, 160.099526 ] }, { "date": "2025-06-13", "close": 176.130981, "volume": 583246, "typical_volume": 1005936.8, "trend": 151.259121, "fair_value": 106.127273, "relative_strength": 35.527737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.602227, "energy": 56.176089, "activity_lines": [ 182.331094, 178.957606, 169.041336, 161.820826 ] }, { "date": "2025-06-20", "close": 178.160797, "volume": 657819, "typical_volume": 1008813.85, "trend": 153.140715, "fair_value": 106.799692, "relative_strength": 36.151819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.075553, "energy": 49.03342, "activity_lines": [ 180.664205, 179.932246, 170.516907, 163.556418 ] }, { "date": "2025-06-27", "close": 184.526962, "volume": 457737, "typical_volume": 952832.6, "trend": 155.175185, "fair_value": 107.508278, "relative_strength": 36.068144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.376972, "energy": 47.030098, "activity_lines": [ 181.556083, 181.436979, 172.421196, 165.581337 ] }, { "date": "2025-07-04", "close": 187.848465, "volume": 370126, "typical_volume": 906778.0, "trend": 157.184758, "fair_value": 108.218665, "relative_strength": 36.554431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.12826, "energy": 47.267937, "activity_lines": [ 183.42596, 182.981975, 174.452083, 167.689291 ] }, { "date": "2025-07-11", "close": 183.696609, "volume": 526670, "typical_volume": 881001.35, "trend": 159.171772, "fair_value": 108.94142, "relative_strength": 30.38663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.412842, "energy": 48.274217, "activity_lines": [ 183.727358, 183.262123, 175.927611, 169.399733 ] }, { "date": "2025-07-18", "close": 169.672546, "volume": 927329, "typical_volume": 856255.8, "trend": 160.71392, "fair_value": 109.551073, "relative_strength": 19.375866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.739343, "energy": 32.746617, "activity_lines": [ 179.593952, 180.880047, 175.9564, 170.077202 ] }, { "date": "2025-07-25", "close": 176.130981, "volume": 463852, "typical_volume": 743898.9, "trend": 162.395066, "fair_value": 110.190989, "relative_strength": 20.066546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.991352, "energy": 24.32196, "activity_lines": [ 178.043921, 179.818176, 176.594692, 171.071851 ] }, { "date": "2025-08-01", "close": 175.577408, "volume": 357704, "typical_volume": 686742.1, "trend": 163.885418, "fair_value": 110.826428, "relative_strength": 22.033342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.451506, "energy": 21.538044, "activity_lines": [ 176.444686, 178.811665, 177.114863, 171.922325 ] }, { "date": "2025-08-08", "close": 179.544739, "volume": 319921, "typical_volume": 656994.1, "trend": 165.527791, "fair_value": 111.485442, "relative_strength": 20.426836, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.662878, "energy": 21.824425, "activity_lines": [ 176.764531, 178.653978, 177.902889, 172.932604 ] }, { "date": "2025-08-15", "close": 186.372238, "volume": 405268, "typical_volume": 620961.25, "trend": 167.208455, "fair_value": 112.190079, "relative_strength": 22.092828, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.257738, "energy": 32.368637, "activity_lines": [ 179.913792, 179.838306, 179.223575, 174.277407 ] }, { "date": "2025-08-22", "close": 191.539001, "volume": 537100, "typical_volume": 594968.45, "trend": 168.880526, "fair_value": 112.945471, "relative_strength": 22.077196, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.032524, "energy": 50.535048, "activity_lines": [ 184.606931, 181.97882, 180.867623, 175.847119 ] }, { "date": "2025-08-29", "close": 186.741287, "volume": 446836, "typical_volume": 539879.95, "trend": 170.409624, "fair_value": 113.677533, "relative_strength": 20.804292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.759018, "energy": 53.618614, "activity_lines": [ 186.243069, 182.966877, 181.790258, 176.999427 ] }, { "date": "2025-09-05", "close": 180.744156, "volume": 383419, "typical_volume": 530590.4, "trend": 171.611681, "fair_value": 114.364655, "relative_strength": 15.99417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.846354, "energy": 49.488315, "activity_lines": [ 185.17281, 182.708537, 181.93656, 177.666171 ] }, { "date": "2025-09-12", "close": 181.390015, "volume": 343865, "typical_volume": 524301.2, "trend": 172.51601, "fair_value": 115.036426, "relative_strength": 15.08403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.787194, "energy": 36.970103, "activity_lines": [ 183.973387, 182.636405, 182.014765, 178.297031 ] }, { "date": "2025-09-19", "close": 187.110352, "volume": 413005, "typical_volume": 508218.8, "trend": 173.407598, "fair_value": 115.726304, "relative_strength": 17.233821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.304849, "energy": 31.169761, "activity_lines": [ 184.557724, 183.72176, 182.534956, 179.238601 ] }, { "date": "2025-09-26", "close": 193.015213, "volume": 437698, "typical_volume": 504284.85, "trend": 174.224787, "fair_value": 116.457745, "relative_strength": 19.868769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.351452, "energy": 38.288804, "activity_lines": [ 187.061141, 185.818658, 183.571822, 180.503609 ] }, { "date": "2025-10-03", "close": 195.783112, "volume": 530234, "typical_volume": 497749.95, "trend": 175.337659, "fair_value": 117.222708, "relative_strength": 16.732672, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.733437, "energy": 54.571831, "activity_lines": [ 190.388777, 187.994399, 184.799366, 181.894468 ] }, { "date": "2025-10-10", "close": 196.152176, "volume": 693131, "typical_volume": 494360.15, "trend": 176.79339, "fair_value": 117.978899, "relative_strength": 16.777402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.722143, "energy": 67.915629, "activity_lines": [ 193.236646, 189.87993, 186.009336, 183.23734 ] }, { "date": "2025-10-17", "close": 197.812897, "volume": 495069, "typical_volume": 496632.65, "trend": 178.225372, "fair_value": 118.697473, "relative_strength": 16.939743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.798799, "energy": 75.732726, "activity_lines": [ 195.610887, 191.693325, 187.312886, 184.593438 ] }, { "date": "2025-10-24", "close": 191.908051, "volume": 689960, "typical_volume": 501999.45, "trend": 179.590871, "fair_value": 119.365201, "relative_strength": 9.216475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.893509, "energy": 62.028541, "activity_lines": [ 194.921987, 192.100962, 187.99344, 185.476191 ] }, { "date": "2025-10-31", "close": 192.646164, "volume": 372830, "typical_volume": 491478.65, "trend": 181.479198, "fair_value": 120.032091, "relative_strength": 9.697109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.822187, "energy": 41.953515, "activity_lines": [ 194.159279, 192.542151, 188.722322, 186.318468 ] }, { "date": "2025-11-07", "close": 192.830688, "volume": 289150, "typical_volume": 473045.2, "trend": 183.118413, "fair_value": 120.702021, "relative_strength": 10.403108, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.579196, "energy": 34.794989, "activity_lines": [ 193.482681, 192.996759, 189.390134, 187.050822 ] }, { "date": "2025-11-14", "close": 197.997437, "volume": 352204, "typical_volume": 467768.55, "trend": 184.60078, "fair_value": 121.394861, "relative_strength": 11.593178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.395852, "energy": 36.451326, "activity_lines": [ 194.725162, 194.28006, 190.480161, 188.010759 ] }, { "date": "2025-11-21", "close": 192.461639, "volume": 500235, "typical_volume": 474274.0, "trend": 185.689489, "fair_value": 122.051288, "relative_strength": 10.042008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.130385, "energy": 27.032963, "activity_lines": [ 193.999359, 194.243156, 190.978824, 188.517912 ] }, { "date": "2025-11-28", "close": 205.193985, "volume": 493657, "typical_volume": 472623.35, "trend": 186.612124, "fair_value": 122.788404, "relative_strength": 12.781311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.75708, "energy": 47.304118, "activity_lines": [ 197.874422, 196.319922, 192.668124, 189.776266 ] }, { "date": "2025-12-05", "close": 214.235809, "volume": 614587, "typical_volume": 456986.25, "trend": 187.830002, "fair_value": 123.587192, "relative_strength": 15.216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.719815, "energy": 76.870035, "activity_lines": [ 203.877698, 199.711862, 195.116182, 191.558439 ] }, { "date": "2025-12-12", "close": 202.610611, "volume": 708679, "typical_volume": 469227.6, "trend": 188.426639, "fair_value": 124.305892, "relative_strength": 8.442599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.559257, "energy": 64.303216, "activity_lines": [ 204.566597, 200.604302, 196.244872, 192.512027 ] }, { "date": "2025-12-19", "close": 207.961884, "volume": 388397, "typical_volume": 470762.25, "trend": 189.272388, "fair_value": 125.042188, "relative_strength": 9.769643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.176363, "energy": 71.793655, "activity_lines": [ 206.38726, 202.345563, 197.757113, 193.772365 ] }, { "date": "2025-12-26", "close": 209.807159, "volume": 155042, "typical_volume": 462518.3, "trend": 190.096608, "fair_value": 125.820013, "relative_strength": 9.706784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.872992, "energy": 70.692429, "activity_lines": [ 208.158718, 204.207607, 199.290883, 195.097189 ] }, { "date": "2026-01-02", "close": 217.372772, "volume": 409656, "typical_volume": 462737.7, "trend": 191.099204, "fair_value": 126.628701, "relative_strength": 11.64998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.327985, "energy": 66.628633, "activity_lines": [ 211.295679, 207.22714, 201.401081, 196.856942 ] }, { "date": "2026-01-09", "close": 215.712021, "volume": 640015, "typical_volume": 467883.45, "trend": 192.418572, "fair_value": 127.397043, "relative_strength": 6.683147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.005155, "energy": 68.784832, "activity_lines": [ 213.067137, 209.481723, 203.205491, 198.444866 ] }, { "date": "2026-01-16", "close": 222.53952, "volume": 685449, "typical_volume": 479814.1, "trend": 193.897863, "fair_value": 128.215647, "relative_strength": 7.079511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.69846, "energy": 78.463647, "activity_lines": [ 217.016013, 212.55829, 205.545029, 200.388152 ] }, { "date": "2026-01-23", "close": 218.29541, "volume": 968751, "typical_volume": 509080.7, "trend": 195.023478, "fair_value": 129.014471, "relative_strength": 5.347643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.042829, "energy": 72.054919, "activity_lines": [ 218.221593, 214.32304, 207.309898, 201.962188 ] }, { "date": "2026-01-30", "close": 215.712021, "volume": 510467, "typical_volume": 517410.8, "trend": 195.952263, "fair_value": 129.773532, "relative_strength": 3.121582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.105245, "energy": 55.20654, "activity_lines": [ 217.877141, 215.249029, 208.649915, 203.296932 ] }, { "date": "2026-02-06", "close": 222.908585, "volume": 1121751, "typical_volume": 552848.1, "trend": 197.259329, "fair_value": 130.618634, "relative_strength": 2.880037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.775024, "energy": 54.226324, "activity_lines": [ 219.537887, 217.06075, 210.51188, 205.03605 ] }, { "date": "2026-02-13", "close": 216.265594, "volume": 641081, "typical_volume": 563017.25, "trend": 198.812431, "fair_value": 131.409087, "relative_strength": -0.509539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.460938, "energy": 42.998793, "activity_lines": [ 218.615248, 217.342571, 211.570712, 206.262261 ] }, { "date": "2026-02-20", "close": 226.045532, "volume": 622318, "typical_volume": 567621.45, "trend": 200.476249, "fair_value": 132.253879, "relative_strength": 1.662378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.311003, "energy": 48.41294, "activity_lines": [ 220.915683, 219.365657, 213.450251, 208.019235 ] }, { "date": "2026-02-27", "close": 223.277634, "volume": 1011096, "typical_volume": 583519.7, "trend": 202.066257, "fair_value": 133.08464, "relative_strength": -1.102583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.62173, "energy": 47.241518, "activity_lines": [ 222.059751, 220.4594, 214.922074, 209.490292 ] }, { "date": "2026-03-06", "close": 214.420334, "volume": 810803, "typical_volume": 599306.4, "trend": 203.228777, "fair_value": 133.867905, "relative_strength": 0.426643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.320563, "energy": 36.588259, "activity_lines": [ 219.919238, 219.664256, 215.421175, 210.287329 ] }, { "date": "2026-03-13", "close": 211.098862, "volume": 798106, "typical_volume": 604713.7, "trend": 204.052997, "fair_value": 134.680927, "relative_strength": -0.834644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.599403, "energy": 26.067474, "activity_lines": [ 216.75768, 218.181332, 215.524862, 210.795077 ] }, { "date": "2026-03-20", "close": 202.241547, "volume": 728858, "typical_volume": 622515.1, "trend": 204.409749, "fair_value": 135.449365, "relative_strength": -0.205707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.48294, "energy": 13.639705, "activity_lines": [ 211.430999, 215.202059, 214.693611, 210.678209 ] }, { "date": "2026-03-27", "close": 205.399994, "volume": 1341881, "typical_volume": 675151.65, "trend": 205.031706, "fair_value": 136.213192, "relative_strength": 1.040677, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.566822, "energy": 18.314625, "activity_lines": [ 208.09207, 213.041966, 214.117472, 210.742096 ] }, { "date": "2026-04-03", "close": 219.600006, "volume": 516745, "typical_volume": 683378.7, "trend": 206.326901, "fair_value": 137.072022, "relative_strength": 3.908291, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.688773, "energy": 18.766606, "activity_lines": [ 210.862847, 213.775322, 214.833862, 211.681986 ] }, { "date": "2026-04-10", "close": 224.0, "volume": 491320, "typical_volume": 682932.95, "trend": 207.747234, "fair_value": 137.940165, "relative_strength": 0.831657, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.424153, "energy": 18.201521, "activity_lines": [ 215.345464, 215.284956, 215.866429, 212.822186 ] }, { "date": "2026-04-17", "close": 224.199997, "volume": 442788, "typical_volume": 680389.5, "trend": 208.983555, "fair_value": 138.806608, "relative_strength": -1.509106, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.790966, "energy": 29.558621, "activity_lines": [ 219.256103, 216.680263, 216.767861, 213.883655 ] }, { "date": "2026-04-24", "close": 218.600006, "volume": 471257, "typical_volume": 673223.0, "trend": 209.836382, "fair_value": 139.64809, "relative_strength": -1.582291, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.853585, "energy": 30.914426, "activity_lines": [ 220.426668, 217.03391, 217.045455, 214.504071 ] }, { "date": "2026-05-01", "close": 222.199997, "volume": 304607, "typical_volume": 653019.4, "trend": 210.716944, "fair_value": 140.534524, "relative_strength": 1.351203, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.718264, "energy": 43.403818, "activity_lines": [ 221.706667, 217.999656, 217.645124, 215.301723 ] }, { "date": "2026-05-08", "close": 216.0, "volume": 398295, "typical_volume": 653514.3, "trend": 211.378539, "fair_value": 141.386186, "relative_strength": -1.839617, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.413756, "energy": 32.623285, "activity_lines": [ 219.8, 217.908049, 217.561034, 215.642566 ] }, { "date": "2026-05-15", "close": 218.0, "volume": 238046, "typical_volume": 657664.5, "trend": 212.051442, "fair_value": 142.257629, "relative_strength": 0.306475, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.172369, "energy": 20.557648, "activity_lines": [ 218.8, 218.312399, 217.629144, 216.069757 ] }, { "date": "2026-05-22", "close": 229.399994, "volume": 331964, "typical_volume": 653779.9, "trend": 213.301173, "fair_value": 143.192205, "relative_strength": 1.891576, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.902049, "energy": 32.166158, "activity_lines": [ 221.999998, 220.724391, 218.743953, 217.189018 ] }, { "date": "2026-05-29", "close": 229.199997, "volume": 403531, "typical_volume": 641955.7, "trend": 214.519634, "fair_value": 144.117545, "relative_strength": 2.094061, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.335857, "energy": 37.270742, "activity_lines": [ 224.786664, 222.767271, 219.782443, 218.214749 ] }, { "date": "2026-06-05", "close": 224.399994, "volume": 48039, "typical_volume": 610085.2, "trend": 215.571945, "fair_value": 145.003167, "relative_strength": 0.713187, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.777007, "energy": 44.682501, "activity_lines": [ 225.266663, 223.44727, 220.299562, 218.852191 ] }, { "date": "2026-06-12", "close": 230.0, "volume": 57711, "typical_volume": 564533.2, "trend": 216.638697, "fair_value": 145.931647, "relative_strength": 3.257558, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.585782, "energy": 58.923091, "activity_lines": [ 227.466664, 224.799998, 221.341154, 219.783033 ] }, { "date": "2026-06-19", "close": 233.0, "volume": 315716, "typical_volume": 554795.65, "trend": 217.989976, "fair_value": 146.903221, "relative_strength": 2.449325, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.415459, "energy": 62.287724, "activity_lines": [ 229.733331, 226.509089, 222.612725, 220.838601 ] }, { "date": "2026-06-26", "close": 233.800003, "volume": 54116, "typical_volume": 501413.9, "trend": 218.943509, "fair_value": 147.866997, "relative_strength": 3.604785, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.546838, "energy": 63.846934, "activity_lines": [ 231.266667, 228.199999, 223.878163, 221.858603 ] }, { "date": "2026-07-03", "close": 236.800003, "volume": 58607, "typical_volume": 472290.2, "trend": 219.695649, "fair_value": 148.835089, "relative_strength": 1.96352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.037574, "energy": 75.744673, "activity_lines": [ 233.506668, 230.261818, 225.377452, 223.010635 ] }, { "date": "2026-07-10", "close": 235.199997, "volume": 261463, "typical_volume": 454247.45, "trend": 220.781962, "fair_value": 149.780993, "relative_strength": 3.430488, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.585692, "energy": 72.437702, "activity_lines": [ 234.706667, 231.701817, 226.626576, 224.010916 ] }, { "date": "2026-07-17", "close": 225.600006, "volume": 410547, "typical_volume": 424220.0, "trend": 221.3699, "fair_value": 150.666353, "relative_strength": 0.044932, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.355657, "energy": 43.628353, "activity_lines": [ 231.986669, 231.160001, 226.917822, 224.321757 ] }, { "date": "2026-07-24", "close": 229.800003, "volume": 262082, "typical_volume": 396783.95, "trend": 222.036328, "fair_value": 151.574658, "relative_strength": 0.11562, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.123761, "energy": 32.46046, "activity_lines": [ 230.960003, 231.207274, 227.59801, 224.865635 ] }, { "date": "2026-07-31", "close": 232.800003, "volume": 294503, "typical_volume": 371603.8, "trend": 222.550569, "fair_value": 152.496229, "relative_strength": -0.119101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.156284, "energy": 28.041004, "activity_lines": [ 231.146669, 231.585456, 228.490675, 225.560065 ] }, { "date": "2026-08-07", "close": 235.0, "volume": 269460, "typical_volume": 348633.9, "trend": 223.193501, "fair_value": 153.442839, "relative_strength": -1.218682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.562213, "energy": 28.526726, "activity_lines": [ 232.133335, 232.30182, 229.489524, 226.363255 ] } ], "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." } } }