{ "ticker": { "uuid": "6df560f8-f411-47c4-9f42-e3707291adbf", "symbol": "WSO-B", "name": "Watsco Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -83.975, "architecture_energy": 76.643, "architecture_maturity": 19.283, "architecture_confidence": 89.418, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 27.75, "rotation_up": 20.84, "upward_expansion": 23.6, "deceleration": 30.11, "rotation_down": 68.92, "downward_expansion": 87.6 }, "activity_lines": [ 344.99787, 351.490277, 366.013768, 372.241687 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 316.24, "trend_reference": 379.201124, "distance_from_trend": -0.166036, "trend_direction": "Improving", "fair_value": 410.195999, "distance_from_fair_value": -0.229051, "fair_value_direction": "Weakening", "relative_strength": -25.5974, "relative_strength_direction": "Weakening", "price_momentum": -0.179634, "excess_performance": -0.305258, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.166036, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.003743, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.229051, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.342339, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.255974, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.270872, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.179634, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.106935, "read": "Supply-led" } ], "volume": { "latest": 586, "relative_activity": 2.402624, "balance": 0.106935, "dry_up": 2.951005, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.052835, "annualized_volatility": 0.530826, "from_high_reference": -0.302468, "from_low_reference": 0.0 }, "levels": { "trend_reference": 379.201124, "fair_value_reference": 410.195999, "structural_low": 316.24, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.006239, "positive_rate": 0.538462, "directional_follow_through": 0.461538, "median_excess_return": -0.018955, "regime_survival": 0.769231, "best_return": 0.250841, "worst_return": -0.120282, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.025143, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.033719, "regime_survival": 0.5, "best_return": 0.187613, "worst_return": -0.150988, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.118494, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.141426, "regime_survival": 0.333333, "best_return": 0.249904, "worst_return": -0.169499, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.156278, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.001142, "regime_survival": 0.0, "best_return": 0.274509, "worst_return": 0.038046, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-02-02", "tenure": "Developing", "return": -0.068757, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-09", "end": "2024-03-29", "tenure": "Developing", "return": 0.098503, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-05", "end": "2025-01-03", "tenure": "Extended", "return": 0.282215, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-02-28", "tenure": "Developing", "return": 0.072945, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": 0.010481, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-18", "end": "2025-04-25", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-10-31", "tenure": "Extended", "return": -0.169499, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.039958, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-01-23", "tenure": "Developing", "return": 0.077314, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-04-10", "tenure": "Developing", "return": -0.054206, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": -0.1026, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-05", "end": "2026-07-17", "tenure": "Developing", "return": 0.1, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.178597, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 341.378415, "volume": 53, "typical_volume": 487.55, "trend": 306.894439, "fair_value": 250.443779, "relative_strength": 12.149411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.471106, "energy": 66.260798, "activity_lines": [ 341.378415, 340.412062, 331.188696, 320.897933 ] }, { "date": "2023-08-25", "close": 341.378415, "volume": 70, "typical_volume": 432.95, "trend": 309.862666, "fair_value": 251.310489, "relative_strength": 10.999388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.3662, "energy": 66.273533, "activity_lines": [ 341.378415, 340.735971, 333.059869, 323.122706 ] }, { "date": "2023-09-01", "close": 341.378415, "volume": 91, "typical_volume": 429.35, "trend": 311.579392, "fair_value": 252.186998, "relative_strength": 8.106811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.267823, "energy": 64.032642, "activity_lines": [ 341.378415, 341.017634, 334.695439, 325.15598 ] }, { "date": "2023-09-08", "close": 341.378415, "volume": 95, "typical_volume": 427.5, "trend": 313.932407, "fair_value": 253.107487, "relative_strength": 9.104398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.85367, "energy": 85.131684, "activity_lines": [ 341.378415, 341.218596, 336.076773, 327.078498 ] }, { "date": "2023-09-15", "close": 341.378415, "volume": 128, "typical_volume": 401.4, "trend": 315.523586, "fair_value": 254.027977, "relative_strength": 8.892262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.333082, "energy": 87.166056, "activity_lines": [ 341.378415, 341.338856, 337.203871, 328.849208 ] }, { "date": "2023-09-22", "close": 338.626189, "volume": 155, "typical_volume": 389.2, "trend": 317.479392, "fair_value": 254.930824, "relative_strength": 10.951086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.993649, "energy": 83.534545, "activity_lines": [ 340.461006, 340.87801, 337.961293, 330.339698 ] }, { "date": "2023-09-29", "close": 338.626189, "volume": 159, "typical_volume": 390.7, "trend": 319.531116, "fair_value": 255.833671, "relative_strength": 11.446439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.938587, "energy": 83.400575, "activity_lines": [ 339.727079, 340.427646, 338.604163, 331.704008 ] }, { "date": "2023-10-06", "close": 361.229782, "volume": 138, "typical_volume": 394.6, "trend": 322.336292, "fair_value": 256.853815, "relative_strength": 17.81985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.154806, "energy": 88.749057, "activity_lines": [ 346.711165, 344.137066, 341.285204, 334.394244 ] }, { "date": "2023-10-13", "close": 361.229782, "volume": 132, "typical_volume": 369.5, "trend": 325.335441, "fair_value": 257.864298, "relative_strength": 16.8561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.523183, "energy": 78.069077, "activity_lines": [ 352.371827, 347.485553, 343.744055, 336.903502 ] }, { "date": "2023-10-20", "close": 350.876262, "volume": 164, "typical_volume": 374.2, "trend": 327.989472, "fair_value": 258.823274, "relative_strength": 15.523084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.648654, "energy": 67.602694, "activity_lines": [ 353.25789, 348.590647, 344.901033, 338.551297 ] }, { "date": "2023-10-27", "close": 350.876262, "volume": 146, "typical_volume": 372.2, "trend": 330.053339, "fair_value": 259.841365, "relative_strength": 17.775419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.649294, "energy": 67.613676, "activity_lines": [ 353.510764, 349.523053, 345.791489, 340.027864 ] }, { "date": "2023-11-03", "close": 350.876262, "volume": 121, "typical_volume": 171.55, "trend": 332.019152, "fair_value": 260.838069, "relative_strength": 10.950772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.517219, "energy": 67.32307, "activity_lines": [ 352.946966, 350.282771, 346.527574, 341.371278 ] }, { "date": "2023-11-10", "close": 350.876262, "volume": 131, "typical_volume": 164.4, "trend": 334.115399, "fair_value": 261.815031, "relative_strength": 9.066292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.772507, "energy": 63.20599, "activity_lines": [ 351.566497, 350.869801, 347.207367, 342.587866 ] }, { "date": "2023-11-17", "close": 350.876262, "volume": 31, "typical_volume": 163.4, "trend": 336.211646, "fair_value": 262.791993, "relative_strength": 6.282875, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.673916, "energy": 55.556811, "activity_lines": [ 350.876262, 351.284143, 347.820797, 343.669212 ] }, { "date": "2023-11-24", "close": 350.876262, "volume": 40, "typical_volume": 161.65, "trend": 337.281154, "fair_value": 263.777785, "relative_strength": 4.907363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.865787, "energy": 51.839379, "activity_lines": [ 350.876262, 351.525797, 348.367862, 344.615316 ] }, { "date": "2023-12-01", "close": 350.876262, "volume": 30, "typical_volume": 158.1, "trend": 338.491357, "fair_value": 264.781312, "relative_strength": 3.672782, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.841748, "energy": 48.943994, "activity_lines": [ 350.876262, 351.594762, 348.848564, 345.49242 ] }, { "date": "2023-12-08", "close": 350.876262, "volume": 105, "typical_volume": 127.35, "trend": 339.701561, "fair_value": 265.825177, "relative_strength": 3.125525, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.252211, "energy": 45.7119, "activity_lines": [ 350.876262, 351.440999, 349.273677, 346.291446 ] }, { "date": "2023-12-15", "close": 395.090227, "volume": 828, "typical_volume": 144.65, "trend": 342.385563, "fair_value": 267.095872, "relative_strength": 12.891834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 92.230822, "energy": 75.72644, "activity_lines": [ 365.61425, 359.103411, 353.864416, 349.864908 ] }, { "date": "2023-12-22", "close": 395.039888, "volume": 138, "typical_volume": 147.75, "trend": 345.723338, "fair_value": 268.363502, "relative_strength": 11.185653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.102285, "energy": 97.787324, "activity_lines": [ 377.387861, 366.141025, 358.19459, 353.261962 ] }, { "date": "2023-12-29", "close": 395.039888, "volume": 49, "typical_volume": 140.2, "trend": 349.061113, "fair_value": 269.617816, "relative_strength": 10.169529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.019463, "energy": 96.843526, "activity_lines": [ 386.217231, 372.56391, 362.269233, 356.443675 ] }, { "date": "2024-01-05", "close": 386.057455, "volume": 169, "typical_volume": 146.0, "trend": 351.31441, "fair_value": 270.814551, "relative_strength": 8.805243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.999216, "energy": 88.099123, "activity_lines": [ 389.108214, 376.55065, 365.232876, 358.830535 ] }, { "date": "2024-01-12", "close": 386.057455, "volume": 142, "typical_volume": 149.6, "trend": 352.881163, "fair_value": 272.037406, "relative_strength": 6.327273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.99515, "energy": 88.089542, "activity_lines": [ 389.653784, 379.897732, 367.983762, 361.072022 ] }, { "date": "2024-01-19", "close": 388.349847, "volume": 84, "typical_volume": 149.25, "trend": 354.594829, "fair_value": 273.174258, "relative_strength": 5.231759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.985474, "energy": 88.05874, "activity_lines": [ 388.618072, 383.021955, 370.740213, 363.360324 ] }, { "date": "2024-01-26", "close": 367.878181, "volume": 954, "typical_volume": 192.2, "trend": 355.626107, "fair_value": 274.079515, "relative_strength": -1.63873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.31282, "energy": 58.867978, "activity_lines": [ 381.20783, 381.742718, 371.323308, 364.217315 ] }, { "date": "2024-02-02", "close": 367.878181, "volume": 106, "typical_volume": 191.1, "trend": 356.657385, "fair_value": 274.984772, "relative_strength": -3.093459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.768681, "energy": 39.06975, "activity_lines": [ 375.608369, 380.154356, 371.780214, 365.007771 ] }, { "date": "2024-02-09", "close": 367.878181, "volume": 40, "typical_volume": 185.35, "trend": 357.613236, "fair_value": 275.951044, "relative_strength": -4.561789, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.184177, "energy": 43.995396, "activity_lines": [ 371.819688, 378.256868, 372.11093, 365.731693 ] }, { "date": "2024-02-16", "close": 367.878181, "volume": 10, "typical_volume": 177.9, "trend": 358.496561, "fair_value": 276.917317, "relative_strength": -4.249471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.047917, "energy": 44.676867, "activity_lines": [ 369.242959, 376.050255, 372.302351, 366.393948 ] }, { "date": "2024-02-23", "close": 367.878181, "volume": 155, "typical_volume": 178.75, "trend": 359.379887, "fair_value": 277.88359, "relative_strength": -5.839086, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.3648, "energy": 36.103028, "activity_lines": [ 367.878181, 373.534515, 372.354478, 366.999214 ] }, { "date": "2024-03-01", "close": 367.878181, "volume": 131, "typical_volume": 178.7, "trend": 360.263212, "fair_value": 278.937793, "relative_strength": -6.806772, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.845002, "energy": 26.178304, "activity_lines": [ 367.878181, 371.51354, 372.374945, 367.547491 ] }, { "date": "2024-03-08", "close": 367.878181, "volume": 67, "typical_volume": 173.85, "trend": 361.146538, "fair_value": 279.991997, "relative_strength": -6.57749, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.36415, "energy": 21.764231, "activity_lines": [ 367.878181, 369.986414, 372.363753, 368.038779 ] }, { "date": "2024-03-15", "close": 367.878181, "volume": 25, "typical_volume": 167.8, "trend": 362.029864, "fair_value": 280.93876, "relative_strength": -6.560588, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.131728, "energy": 39.813699, "activity_lines": [ 367.878181, 368.953137, 372.271599, 368.473079 ] }, { "date": "2024-03-22", "close": 367.878181, "volume": 359, "typical_volume": 179.7, "trend": 362.913189, "fair_value": 281.88486, "relative_strength": -8.624415, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.600903, "energy": 44.429741, "activity_lines": [ 367.878181, 368.250393, 372.098484, 368.850389 ] }, { "date": "2024-03-29", "close": 404.115382, "volume": 237, "typical_volume": 185.0, "trend": 365.004421, "fair_value": 283.06325, "relative_strength": -0.120974, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 79.166392, "energy": 82.838855, "activity_lines": [ 379.957248, 374.466763, 375.295569, 371.508595 ] }, { "date": "2024-04-05", "close": 399.785743, "volume": 326, "typical_volume": 199.75, "trend": 366.951332, "fair_value": 284.213885, "relative_strength": -0.424034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.106572, "energy": 97.329802, "activity_lines": [ 388.177289, 379.60928, 377.826789, 373.752552 ] }, { "date": "2024-04-12", "close": 402.327053, "volume": 245, "typical_volume": 210.0, "trend": 368.982954, "fair_value": 285.24256, "relative_strength": 1.496302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.799982, "energy": 96.737309, "activity_lines": [ 395.117262, 384.633715, 380.367135, 376.034856 ] }, { "date": "2024-04-19", "close": 402.327053, "volume": 344, "typical_volume": 225.7, "trend": 371.106316, "fair_value": 286.194829, "relative_strength": 4.444017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.659176, "energy": 92.875751, "activity_lines": [ 399.760643, 389.031808, 382.662478, 378.186088 ] }, { "date": "2024-04-26", "close": 421.650118, "volume": 490, "typical_volume": 244.95, "trend": 373.87378, "fair_value": 287.270964, "relative_strength": 6.502188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.034197, "energy": 99.307502, "activity_lines": [ 408.548455, 396.316842, 386.553109, 381.446979 ] }, { "date": "2024-05-03", "close": 421.650118, "volume": 71, "typical_volume": 207.1, "trend": 375.887791, "fair_value": 288.31051, "relative_strength": 5.73733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.362514, "energy": 98.722381, "activity_lines": [ 413.751471, 402.624204, 390.106721, 384.529323 ] }, { "date": "2024-05-10", "close": 421.650118, "volume": 221, "typical_volume": 211.25, "trend": 377.901802, "fair_value": 289.387202, "relative_strength": 3.711242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.558751, "energy": 95.639961, "activity_lines": [ 417.785505, 407.953895, 393.533858, 387.481731 ] }, { "date": "2024-05-17", "close": 421.650118, "volume": 138, "typical_volume": 215.7, "trend": 380.260931, "fair_value": 290.463893, "relative_strength": 1.939284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.593849, "energy": 91.791581, "activity_lines": [ 420.361914, 412.305914, 396.834279, 390.304203 ] }, { "date": "2024-05-24", "close": 421.650118, "volume": 240, "typical_volume": 219.25, "trend": 382.620059, "fair_value": 291.540585, "relative_strength": 1.730723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.652957, "energy": 81.442156, "activity_lines": [ 421.650118, 415.680261, 400.007985, 392.974474 ] }, { "date": "2024-05-31", "close": 421.650118, "volume": 273, "typical_volume": 225.8, "trend": 384.979188, "fair_value": 292.617277, "relative_strength": 1.878936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.281703, "energy": 68.441656, "activity_lines": [ 421.650118, 418.076937, 403.012203, 395.492542 ] }, { "date": "2024-06-07", "close": 421.650118, "volume": 160, "typical_volume": 229.6, "trend": 387.338316, "fair_value": 293.693968, "relative_strength": 0.518483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.831672, "energy": 67.692185, "activity_lines": [ 421.650118, 419.495942, 405.846931, 397.858408 ] }, { "date": "2024-06-14", "close": 421.650118, "volume": 137, "typical_volume": 188.75, "trend": 389.697445, "fair_value": 294.77066, "relative_strength": -1.098329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.248774, "energy": 66.62157, "activity_lines": [ 421.650118, 420.596133, 408.523087, 400.072073 ] }, { "date": "2024-06-21", "close": 421.650118, "volume": 38, "typical_volume": 185.35, "trend": 392.056574, "fair_value": 295.847351, "relative_strength": -1.695595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.509972, "energy": 65.177738, "activity_lines": [ 421.650118, 421.29879, 410.943185, 402.133536 ] }, { "date": "2024-06-28", "close": 421.650118, "volume": 135, "typical_volume": 190.1, "trend": 394.415702, "fair_value": 296.924043, "relative_strength": -1.652772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.975639, "energy": 86.640705, "activity_lines": [ 421.650118, 421.650118, 413.107227, 404.042797 ] }, { "date": "2024-07-05", "close": 421.650118, "volume": 78, "typical_volume": 193.5, "trend": 396.774831, "fair_value": 298.000734, "relative_strength": -3.455907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.981339, "energy": 86.654593, "activity_lines": [ 421.650118, 421.650118, 415.015212, 405.799856 ] }, { "date": "2024-07-12", "close": 421.650118, "volume": 67, "typical_volume": 189.1, "trend": 397.66016, "fair_value": 299.077498, "relative_strength": -4.348714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.977033, "energy": 86.644117, "activity_lines": [ 421.650118, 421.650118, 416.667141, 407.404713 ] }, { "date": "2024-07-19", "close": 421.634606, "volume": 296, "typical_volume": 197.35, "trend": 398.546651, "fair_value": 300.154163, "relative_strength": -2.441573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.880578, "energy": 83.259547, "activity_lines": [ 421.644947, 421.647298, 418.061535, 408.951451 ] }, { "date": "2024-07-26", "close": 468.61525, "volume": 280, "typical_volume": 208.0, "trend": 400.999163, "fair_value": 301.531986, "relative_strength": 9.06039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.315452, "energy": 77.62473, "activity_lines": [ 437.301025, 430.186695, 423.674293, 413.472006 ] }, { "date": "2024-08-02", "close": 468.61525, "volume": 237, "typical_volume": 218.6, "trend": 403.751089, "fair_value": 302.909808, "relative_strength": 11.13887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.650186, "energy": 78.127066, "activity_lines": [ 449.826095, 437.87218, 428.80735, 417.834334 ] }, { "date": "2024-08-09", "close": 436.977169, "volume": 829, "typical_volume": 242.1, "trend": 405.448413, "fair_value": 304.168411, "relative_strength": 3.509606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.629746, "energy": 67.569176, "activity_lines": [ 448.674128, 438.951376, 430.447557, 419.977952 ] }, { "date": "2024-08-16", "close": 452.653267, "volume": 1207, "typical_volume": 290.6, "trend": 407.591861, "fair_value": 305.527501, "relative_strength": 3.040015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.961793, "energy": 69.067492, "activity_lines": [ 451.725724, 442.602097, 433.251683, 423.023427 ] }, { "date": "2024-08-23", "close": 462.278105, "volume": 250, "typical_volume": 286.8, "trend": 410.738525, "fair_value": 306.948288, "relative_strength": 3.677645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.870029, "energy": 73.873293, "activity_lines": [ 455.918723, 447.439096, 436.741327, 426.551572 ] }, { "date": "2024-08-30", "close": 462.278105, "volume": 143, "typical_volume": 281.7, "trend": 413.885189, "fair_value": 308.369076, "relative_strength": 3.260248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.298636, "energy": 71.706956, "activity_lines": [ 457.402156, 451.537404, 439.933389, 429.876706 ] }, { "date": "2024-09-06", "close": 462.278105, "volume": 118, "typical_volume": 270.4, "trend": 417.031853, "fair_value": 309.789864, "relative_strength": 7.512295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.748049, "energy": 70.854938, "activity_lines": [ 459.308064, 454.897021, 442.839969, 432.998829 ] }, { "date": "2024-09-13", "close": 462.182809, "volume": 937, "typical_volume": 292.75, "trend": 420.175341, "fair_value": 311.21004, "relative_strength": 3.238667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.6359, "energy": 66.575022, "activity_lines": [ 461.604684, 457.500621, 445.451993, 435.911794 ] }, { "date": "2024-09-20", "close": 471.712352, "volume": 3014, "typical_volume": 439.9, "trend": 423.63648, "fair_value": 312.67869, "relative_strength": 3.809394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.249052, "energy": 70.173822, "activity_lines": [ 465.397442, 461.099907, 448.778579, 439.236763 ] }, { "date": "2024-09-27", "close": 471.712352, "volume": 119, "typical_volume": 434.8, "trend": 427.097619, "fair_value": 314.206092, "relative_strength": 3.168521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.273939, "energy": 68.31213, "activity_lines": [ 467.919594, 463.78897, 451.866773, 442.338432 ] }, { "date": "2024-10-04", "close": 471.712352, "volume": 64, "typical_volume": 431.1, "trend": 430.558758, "fair_value": 315.671939, "relative_strength": 2.968684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.995306, "energy": 66.363047, "activity_lines": [ 469.812796, 465.56753, 454.716576, 445.216802 ] }, { "date": "2024-10-11", "close": 471.712352, "volume": 147, "typical_volume": 426.45, "trend": 434.019897, "fair_value": 317.126854, "relative_strength": 1.880945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.873441, "energy": 63.706138, "activity_lines": [ 471.077049, 467.289778, 457.327987, 447.871873 ] }, { "date": "2024-10-18", "close": 474.285328, "volume": 184, "typical_volume": 422.0, "trend": 437.566802, "fair_value": 318.485804, "relative_strength": 1.639613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.549027, "energy": 62.151496, "activity_lines": [ 472.570011, 469.423529, 459.946053, 450.469642 ] }, { "date": "2024-10-25", "close": 471.698317, "volume": 260, "typical_volume": 427.0, "trend": 439.819566, "fair_value": 319.839292, "relative_strength": 2.180492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.657979, "energy": 74.545651, "activity_lines": [ 472.393801, 470.408584, 462.067092, 452.671676 ] }, { "date": "2024-11-01", "close": 451.193861, "volume": 366, "typical_volume": 438.45, "trend": 441.53317, "fair_value": 321.070543, "relative_strength": -0.824964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.79202, "energy": 38.115755, "activity_lines": [ 465.383708, 467.319283, 461.997001, 453.405501 ] }, { "date": "2024-11-08", "close": 497.252236, "volume": 304, "typical_volume": 451.75, "trend": 444.697343, "fair_value": 322.549223, "relative_strength": 4.27748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.429098, "energy": 64.246033, "activity_lines": [ 475.094306, 472.805764, 466.172737, 457.000279 ] }, { "date": "2024-11-15", "close": 497.951687, "volume": 1339, "typical_volume": 511.95, "trend": 447.884831, "fair_value": 324.032387, "relative_strength": 6.484688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.166455, "energy": 89.799743, "activity_lines": [ 483.335395, 477.783524, 470.055078, 460.436044 ] }, { "date": "2024-11-22", "close": 512.611415, "volume": 314, "typical_volume": 523.75, "trend": 450.916874, "fair_value": 325.609523, "relative_strength": 7.616418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.921873, "energy": 94.285666, "activity_lines": [ 494.713771, 484.778078, 474.970243, 464.611952 ] }, { "date": "2024-11-29", "close": 512.611415, "volume": 77, "typical_volume": 524.25, "trend": 453.948917, "fair_value": 327.20625, "relative_strength": 6.164813, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.657656, "energy": 94.872128, "activity_lines": [ 503.537075, 490.855749, 479.452258, 468.592245 ] }, { "date": "2024-12-06", "close": 512.611415, "volume": 119, "typical_volume": 515.4, "trend": 456.98096, "fair_value": 328.757981, "relative_strength": 5.068063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.851751, "energy": 91.060927, "activity_lines": [ 509.632839, 496.189801, 483.501125, 472.376923 ] }, { "date": "2024-12-13", "close": 512.611415, "volume": 199, "typical_volume": 511.35, "trend": 460.013004, "fair_value": 330.299221, "relative_strength": 5.697578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.249867, "energy": 90.592917, "activity_lines": [ 511.6341, 500.780233, 487.116768, 475.965984 ] }, { "date": "2024-12-20", "close": 512.611415, "volume": 41, "typical_volume": 501.55, "trend": 463.045047, "fair_value": 331.889963, "relative_strength": 7.617077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.622518, "energy": 88.918292, "activity_lines": [ 512.611415, 504.627046, 490.522906, 479.35943 ] }, { "date": "2024-12-27", "close": 512.611415, "volume": 77, "typical_volume": 463.95, "trend": 466.07709, "fair_value": 333.443782, "relative_strength": 6.868574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.176941, "energy": 87.244378, "activity_lines": [ 512.611415, 507.730239, 493.719539, 482.55726 ] }, { "date": "2025-01-03", "close": 512.611415, "volume": 52, "typical_volume": 406.2, "trend": 469.109133, "fair_value": 334.957068, "relative_strength": 7.343309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.571116, "energy": 73.357416, "activity_lines": [ 512.611415, 510.136595, 496.556008, 485.559475 ] }, { "date": "2025-01-10", "close": 450.283616, "volume": 559, "typical_volume": 421.65, "trend": 470.063583, "fair_value": 336.174859, "relative_strength": -3.744663, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 6.652411, "energy": 18.910482, "activity_lines": [ 491.835482, 500.466749, 493.170982, 484.344925 ] }, { "date": "2025-01-17", "close": 452.870627, "volume": 94, "typical_volume": 419.2, "trend": 471.104267, "fair_value": 337.409232, "relative_strength": -5.831109, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -17.208373, "energy": 39.343704, "activity_lines": [ 476.077073, 491.283819, 490.089454, 483.235702 ] }, { "date": "2025-01-24", "close": 452.870627, "volume": 74, "typical_volume": 417.0, "trend": 472.14495, "fair_value": 338.749743, "relative_strength": -7.397173, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.386131, "energy": 59.665473, "activity_lines": [ 464.301382, 482.907827, 487.052724, 482.059338 ] }, { "date": "2025-01-31", "close": 466.650923, "volume": 1037, "typical_volume": 422.0, "trend": 473.644977, "fair_value": 340.145691, "relative_strength": -3.654254, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.08445, "energy": 55.017867, "activity_lines": [ 461.101843, 477.856998, 485.3732, 481.704885 ] }, { "date": "2025-02-07", "close": 447.204324, "volume": 3995, "typical_volume": 471.05, "trend": 474.496784, "fair_value": 341.458743, "relative_strength": -7.510041, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.209919, "energy": 82.07774, "activity_lines": [ 454.484138, 470.10607, 481.820343, 479.999036 ] }, { "date": "2025-02-14", "close": 466.20764, "volume": 2237, "typical_volume": 576.95, "trend": 475.982552, "fair_value": 342.893611, "relative_strength": -5.034542, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.260007, "energy": 72.341884, "activity_lines": [ 458.561343, 466.999511, 480.19403, 479.464253 ] }, { "date": "2025-02-21", "close": 493.286403, "volume": 2955, "typical_volume": 721.5, "trend": 476.804924, "fair_value": 344.581947, "relative_strength": 1.900472, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 10.868347, "energy": 20.890222, "activity_lines": [ 470.603201, 469.660067, 481.17286, 480.58063 ] }, { "date": "2025-02-28", "close": 483.129458, "volume": 1395, "typical_volume": 783.9, "trend": 477.288731, "fair_value": 346.127789, "relative_strength": 0.562265, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 5.005049, "energy": 10.852513, "activity_lines": [ 476.565026, 470.82527, 481.081628, 480.988665 ] }, { "date": "2025-03-07", "close": 483.60165, "volume": 2121, "typical_volume": 880.75, "trend": 478.84288, "fair_value": 347.676657, "relative_strength": 3.577188, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.794757, "energy": 22.939086, "activity_lines": [ 480.666993, 472.612362, 480.981, 481.39595 ] }, { "date": "2025-03-14", "close": 485.403689, "volume": 750, "typical_volume": 905.25, "trend": 479.934561, "fair_value": 349.05861, "relative_strength": 6.047947, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.026544, "energy": 27.03287, "activity_lines": [ 484.239591, 475.254548, 481.007631, 481.819228 ] }, { "date": "2025-03-21", "close": 488.670486, "volume": 225, "typical_volume": 898.2, "trend": 480.814307, "fair_value": 350.426333, "relative_strength": 5.842326, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.17568, "energy": 24.342676, "activity_lines": [ 486.354497, 478.985382, 481.280121, 482.382836 ] }, { "date": "2025-03-28", "close": 488.670486, "volume": 54, "typical_volume": 885.7, "trend": 481.694053, "fair_value": 351.847181, "relative_strength": 7.182763, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.765477, "energy": 25.616196, "activity_lines": [ 486.97188, 482.018274, 481.374152, 482.889686 ] }, { "date": "2025-04-04", "close": 488.670486, "volume": 105, "typical_volume": 824.0, "trend": 482.573799, "fair_value": 353.26803, "relative_strength": 17.357506, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.317117, "energy": 24.967038, "activity_lines": [ 487.896991, 484.400259, 481.509048, 483.339779 ] }, { "date": "2025-04-11", "close": 488.670486, "volume": 52, "typical_volume": 810.9, "trend": 483.456721, "fair_value": 354.676379, "relative_strength": 10.754088, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.85264, "energy": 34.040725, "activity_lines": [ 488.4527, 486.131337, 481.688141, 483.733113 ] }, { "date": "2025-04-18", "close": 488.653383, "volume": 99, "typical_volume": 812.0, "trend": 484.021422, "fair_value": 356.156388, "relative_strength": 12.059455, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.108424, "energy": 34.720244, "activity_lines": [ 488.664785, 487.45895, 481.979609, 484.068382 ] }, { "date": "2025-04-25", "close": 488.653383, "volume": 31, "typical_volume": 807.6, "trend": 484.586123, "fair_value": 357.636398, "relative_strength": 7.010953, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.672573, "energy": 31.011867, "activity_lines": [ 488.660224, 488.032944, 482.385162, 484.367218 ] }, { "date": "2025-05-02", "close": 433.506605, "volume": 998, "typical_volume": 847.55, "trend": 483.312599, "fair_value": 358.891105, "relative_strength": -7.615356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.324492, "energy": 61.704776, "activity_lines": [ 470.274544, 478.172147, 477.652728, 481.071765 ] }, { "date": "2025-05-09", "close": 457.042618, "volume": 1087, "typical_volume": 899.85, "trend": 482.823607, "fair_value": 360.296684, "relative_strength": -2.159279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.292677, "energy": 70.970755, "activity_lines": [ 463.411794, 473.67753, 475.538508, 479.376928 ] }, { "date": "2025-05-16", "close": 457.042618, "volume": 1167, "typical_volume": 954.35, "trend": 482.24885, "fair_value": 361.702263, "relative_strength": -6.995356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.392102, "energy": 80.315075, "activity_lines": [ 458.657568, 469.657219, 473.688902, 477.713638 ] }, { "date": "2025-05-23", "close": 457.042618, "volume": 730, "typical_volume": 988.25, "trend": 481.760327, "fair_value": 363.148764, "relative_strength": -4.533507, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.478077, "energy": 87.69567, "activity_lines": [ 456.011867, 466.1198, 472.103909, 476.08743 ] }, { "date": "2025-05-30", "close": 436.211114, "volume": 267, "typical_volume": 973.65, "trend": 481.260902, "fair_value": 364.46173, "relative_strength": -10.328842, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.933715, "energy": 95.84594, "activity_lines": [ 448.529716, 459.31049, 468.799576, 473.148771 ] }, { "date": "2025-06-06", "close": 436.211114, "volume": 480, "typical_volume": 992.95, "trend": 479.226198, "fair_value": 365.767589, "relative_strength": -11.640779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.539028, "energy": 95.307356, "activity_lines": [ 444.543716, 453.454987, 465.562255, 470.242333 ] }, { "date": "2025-06-13", "close": 436.211114, "volume": 165, "typical_volume": 997.5, "trend": 477.168179, "fair_value": 367.221692, "relative_strength": -11.20795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.220885, "energy": 92.538673, "activity_lines": [ 440.377415, 448.553291, 462.404266, 467.467166 ] }, { "date": "2025-06-20", "close": 436.211114, "volume": 87, "typical_volume": 950.0, "trend": 474.621502, "fair_value": 368.679172, "relative_strength": -10.961435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.744497, "energy": 89.559337, "activity_lines": [ 437.599881, 444.605402, 459.325607, 464.824775 ] }, { "date": "2025-06-27", "close": 424.074751, "volume": 290, "typical_volume": 764.75, "trend": 471.67028, "fair_value": 370.001908, "relative_strength": -16.157467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.333962, "energy": 91.957397, "activity_lines": [ 432.16566, 439.404708, 455.236056, 461.563694 ] }, { "date": "2025-07-04", "close": 424.074751, "volume": 274, "typical_volume": 666.6, "trend": 468.719058, "fair_value": 371.324643, "relative_strength": -17.379094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.233932, "energy": 82.959915, "activity_lines": [ 428.929296, 435.378171, 451.256645, 458.493015 ] }, { "date": "2025-07-11", "close": 424.074751, "volume": 243, "typical_volume": 531.0, "trend": 465.767836, "fair_value": 372.634787, "relative_strength": -16.99117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.12787, "energy": 70.686219, "activity_lines": [ 426.502024, 432.525791, 447.477868, 455.612737 ] }, { "date": "2025-07-18", "close": 426.982825, "volume": 164, "typical_volume": 469.45, "trend": 462.91355, "fair_value": 373.963573, "relative_strength": -16.759388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.001536, "energy": 67.545389, "activity_lines": [ 425.8532, 430.37364, 444.305629, 453.110478 ] }, { "date": "2025-07-25", "close": 426.982825, "volume": 88, "typical_volume": 367.8, "trend": 460.059263, "fair_value": 375.305064, "relative_strength": -17.613169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.959956, "energy": 65.446378, "activity_lines": [ 425.819595, 428.76803, 441.400755, 450.792367 ] }, { "date": "2025-08-01", "close": 424.054809, "volume": 261, "typical_volume": 343.35, "trend": 457.107376, "fair_value": 376.627785, "relative_strength": -15.739264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.769962, "energy": 90.061591, "activity_lines": [ 425.425205, 427.176596, 438.486635, 448.469499 ] }, { "date": "2025-08-08", "close": 424.391531, "volume": 584, "typical_volume": 361.3, "trend": 456.244307, "fair_value": 377.952665, "relative_strength": -17.396575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.201355, "energy": 89.87341, "activity_lines": [ 425.144384, 426.246162, 435.896723, 446.358799 ] }, { "date": "2025-08-15", "close": 424.391531, "volume": 247, "typical_volume": 370.95, "trend": 455.295004, "fair_value": 378.911585, "relative_strength": -17.872747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.059296, "energy": 88.849652, "activity_lines": [ 424.842445, 425.53063, 433.6129, 444.303781 ] }, { "date": "2025-08-22", "close": 424.391531, "volume": 158, "typical_volume": 373.6, "trend": 454.345701, "fair_value": 379.870505, "relative_strength": -17.766276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.742775, "energy": 87.760595, "activity_lines": [ 424.519388, 425.029999, 431.635167, 442.310009 ] }, { "date": "2025-08-29", "close": 424.391531, "volume": 184, "typical_volume": 380.2, "trend": 452.937054, "fair_value": 380.829425, "relative_strength": -17.390714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.27589, "energy": 88.426911, "activity_lines": [ 424.369083, 424.74427, 429.963525, 440.377482 ] }, { "date": "2025-09-05", "close": 424.391531, "volume": 192, "typical_volume": 384.85, "trend": 452.176628, "fair_value": 381.908637, "relative_strength": -17.249757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.539368, "energy": 88.325599, "activity_lines": [ 424.391531, 424.673442, 428.597973, 438.535835 ] }, { "date": "2025-09-12", "close": 392.900718, "volume": 519, "typical_volume": 409.25, "trend": 449.733064, "fair_value": 382.841541, "relative_strength": -24.142616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -98.47469, "energy": 79.142089, "activity_lines": [ 413.894593, 418.871252, 424.539305, 434.711583 ] }, { "date": "2025-09-19", "close": 392.900718, "volume": 179, "typical_volume": 368.3, "trend": 446.386874, "fair_value": 383.774444, "relative_strength": -24.612839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -98.085675, "energy": 98.373958, "activity_lines": [ 405.497043, 413.635863, 420.936602, 431.04498 ] }, { "date": "2025-09-26", "close": 392.900718, "volume": 145, "typical_volume": 321.2, "trend": 443.379249, "fair_value": 384.707348, "relative_strength": -23.948409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.651359, "energy": 89.027811, "activity_lines": [ 399.198881, 408.967275, 417.527261, 427.59426 ] }, { "date": "2025-10-03", "close": 392.900718, "volume": 45, "typical_volume": 265.1, "trend": 440.355885, "fair_value": 385.65671, "relative_strength": -24.329427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.289817, "energy": 93.729785, "activity_lines": [ 395.000106, 404.918361, 414.423356, 424.337581 ] }, { "date": "2025-10-10", "close": 392.900718, "volume": 35, "typical_volume": 230.35, "trend": 437.272453, "fair_value": 386.593367, "relative_strength": -22.024163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.666362, "energy": 89.032609, "activity_lines": [ 392.900718, 401.489122, 411.62489, 421.275957 ] }, { "date": "2025-10-17", "close": 392.878898, "volume": 133, "typical_volume": 223.65, "trend": 434.0794, "fair_value": 387.724796, "relative_strength": -22.921404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.765687, "energy": 89.003749, "activity_lines": [ 392.893445, 398.622353, 409.129783, 418.411857 ] }, { "date": "2025-10-24", "close": 373.006832, "volume": 523, "typical_volume": 225.8, "trend": 430.223945, "fair_value": 388.568917, "relative_strength": -27.713701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -97.856947, "energy": 79.189814, "activity_lines": [ 386.263604, 392.715439, 404.948442, 414.471691 ] }, { "date": "2025-10-31", "close": 360.027551, "volume": 485, "typical_volume": 241.8, "trend": 425.935847, "fair_value": 389.217769, "relative_strength": -30.242418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -98.111039, "energy": 79.298217, "activity_lines": [ 376.633595, 385.382922, 399.831952, 409.942891 ] }, { "date": "2025-11-07", "close": 360.007886, "volume": 230, "typical_volume": 248.95, "trend": 421.647093, "fair_value": 389.866496, "relative_strength": -28.53981, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -95.695034, "energy": 78.489246, "activity_lines": [ 369.188576, 379.217085, 395.076368, 405.689475 ] }, { "date": "2025-11-14", "close": 345.622516, "volume": 242, "typical_volume": 246.55, "trend": 416.879398, "fair_value": 390.423008, "relative_strength": -30.880685, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -97.046352, "energy": 78.963359, "activity_lines": [ 359.141289, 371.606337, 389.313622, 400.784663 ] }, { "date": "2025-11-21", "close": 345.622516, "volume": 189, "typical_volume": 242.3, "trend": 412.111702, "fair_value": 390.97952, "relative_strength": -28.890501, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.165615, "energy": 96.846241, "activity_lines": [ 352.245882, 365.427753, 383.924457, 396.187445 ] }, { "date": "2025-11-28", "close": 345.622516, "volume": 47, "typical_volume": 232.5, "trend": 409.182233, "fair_value": 391.57923, "relative_strength": -30.784023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.92258, "energy": 93.154763, "activity_lines": [ 348.500901, 360.108773, 378.908875, 391.89782 ] }, { "date": "2025-12-05", "close": 345.84867, "volume": 343, "typical_volume": 241.45, "trend": 405.475768, "fair_value": 392.180389, "relative_strength": -30.330741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.967434, "energy": 70.518684, "activity_lines": [ 346.656925, 355.690515, 374.288413, 387.811784 ] }, { "date": "2025-12-12", "close": 346.055159, "volume": 125, "typical_volume": 243.3, "trend": 401.776186, "fair_value": 392.782872, "relative_strength": -29.227284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.665197, "energy": 89.023759, "activity_lines": [ 345.827038, 352.165293, 370.073969, 383.978196 ] }, { "date": "2025-12-19", "close": 346.364891, "volume": 124, "typical_volume": 236.45, "trend": 398.086928, "fair_value": 393.545225, "relative_strength": -28.545666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.323382, "energy": 86.984988, "activity_lines": [ 346.030577, 349.548123, 366.274394, 380.403274 ] }, { "date": "2025-12-26", "close": 349.811284, "volume": 144, "typical_volume": 214.45, "trend": 395.206934, "fair_value": 394.317562, "relative_strength": -28.142915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.921542, "energy": 67.909277, "activity_lines": [ 347.333421, 348.403676, 363.172999, 377.288716 ] }, { "date": "2026-01-02", "close": 333.184038, "volume": 241, "typical_volume": 214.15, "trend": 391.772698, "fair_value": 394.926202, "relative_strength": -30.102801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.737722, "energy": 76.593075, "activity_lines": [ 342.814599, 345.01914, 358.843201, 373.287239 ] }, { "date": "2026-01-09", "close": 367.274316, "volume": 233, "typical_volume": 217.9, "trend": 389.474805, "fair_value": 395.689273, "relative_strength": -23.623075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.575591, "energy": 55.042812, "activity_lines": [ 350.488435, 348.556888, 358.194417, 371.706698 ] }, { "date": "2026-01-16", "close": 372.849409, "volume": 504, "typical_volume": 233.9, "trend": 387.362748, "fair_value": 396.492605, "relative_strength": -21.69876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.667442, "energy": 31.130223, "activity_lines": [ 358.592259, 352.97653, 358.348581, 370.634092 ] }, { "date": "2026-01-23", "close": 372.344037, "volume": 523, "typical_volume": 250.45, "trend": 385.638391, "fair_value": 397.261915, "relative_strength": -21.058678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.121345, "energy": 34.436806, "activity_lines": [ 364.741342, 357.070804, 358.700053, 369.665143 ] }, { "date": "2026-01-30", "close": 385.981851, "volume": 270, "typical_volume": 238.0, "trend": 384.368628, "fair_value": 397.877974, "relative_strength": -17.968809, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 29.586255, "energy": 49.935374, "activity_lines": [ 373.70442, 363.158834, 360.598209, 369.687302 ] }, { "date": "2026-02-06", "close": 385.486291, "volume": 144, "typical_volume": 236.25, "trend": 383.082345, "fair_value": 398.61322, "relative_strength": -17.458955, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 25.90523, "energy": 53.34374, "activity_lines": [ 380.09094, 368.422957, 362.482117, 369.759409 ] }, { "date": "2026-02-13", "close": 415.527144, "volume": 297, "typical_volume": 243.85, "trend": 382.700489, "fair_value": 399.394528, "relative_strength": -9.44636, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.41729, "energy": 85.520924, "activity_lines": [ 393.004261, 378.424256, 367.262365, 371.852622 ] }, { "date": "2026-02-20", "close": 415.527144, "volume": 130, "typical_volume": 248.1, "trend": 382.318633, "fair_value": 400.2636, "relative_strength": -9.864993, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.954557, "energy": 85.50077, "activity_lines": [ 402.700727, 387.158675, 371.934868, 373.970471 ] }, { "date": "2026-02-27", "close": 415.527144, "volume": 49, "typical_volume": 248.8, "trend": 382.034378, "fair_value": 401.151117, "relative_strength": -8.844403, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.208009, "energy": 85.277992, "activity_lines": [ 409.552011, 394.629967, 376.499626, 376.112955 ] }, { "date": "2026-03-06", "close": 415.527144, "volume": 104, "typical_volume": 247.35, "trend": 381.738898, "fair_value": 402.038634, "relative_strength": -6.371893, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.859077, "energy": 82.04252, "activity_lines": [ 413.52442, 400.843763, 380.956639, 378.273779 ] }, { "date": "2026-03-13", "close": 364.276318, "volume": 152, "typical_volume": 228.8, "trend": 379.735058, "fair_value": 402.634922, "relative_strength": -15.878924, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.21855, "energy": 41.242298, "activity_lines": [ 398.443535, 396.544393, 380.424773, 377.147161 ] }, { "date": "2026-03-20", "close": 365.059303, "volume": 100, "typical_volume": 209.55, "trend": 377.757317, "fair_value": 403.23623, "relative_strength": -13.355831, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -6.004162, "energy": 15.375475, "activity_lines": [ 385.037643, 391.82207, 380.00905, 376.200338 ] }, { "date": "2026-03-27", "close": 365.059303, "volume": 117, "typical_volume": 203.9, "trend": 375.779576, "fair_value": 403.724044, "relative_strength": -10.546253, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -21.917416, "energy": 36.230386, "activity_lines": [ 374.996274, 387.14002, 379.569367, 375.381111 ] }, { "date": "2026-04-03", "close": 365.059303, "volume": 23, "typical_volume": 192.95, "trend": 373.801835, "fair_value": 404.193002, "relative_strength": -12.408144, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -15.23874, "energy": 41.662606, "activity_lines": [ 368.319428, 382.599608, 379.105629, 374.68948 ] }, { "date": "2026-04-10", "close": 365.059303, "volume": 24, "typical_volume": 184.7, "trend": 372.873788, "fair_value": 404.687043, "relative_strength": -14.44876, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -24.907424, "energy": 48.4579, "activity_lines": [ 365.007104, 378.191646, 378.549335, 374.125446 ] }, { "date": "2026-04-17", "close": 365.03, "volume": 135, "typical_volume": 189.1, "trend": 371.944764, "fair_value": 405.180897, "relative_strength": -17.072415, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.925481, "energy": 62.270791, "activity_lines": [ 365.049535, 374.158766, 377.897694, 373.619395 ] }, { "date": "2026-04-24", "close": 365.03, "volume": 84, "typical_volume": 176.15, "trend": 371.01574, "fair_value": 405.477301, "relative_strength": -16.513171, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.9855, "energy": 62.985863, "activity_lines": [ 365.041721, 370.497818, 377.153637, 373.173281 ] }, { "date": "2026-05-01", "close": 450.0, "volume": 455, "typical_volume": 192.65, "trend": 372.91905, "fair_value": 406.345441, "relative_strength": 2.442236, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.561732, "energy": 51.676906, "activity_lines": [ 393.359194, 383.204092, 384.410621, 378.26904 ] }, { "date": "2026-05-08", "close": 453.37, "volume": 82, "typical_volume": 190.55, "trend": 374.934692, "fair_value": 407.235183, "relative_strength": 1.489797, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.088303, "energy": 94.554364, "activity_lines": [ 417.137287, 395.896313, 391.493582, 383.459424 ] }, { "date": "2026-05-15", "close": 403.83, "volume": 187, "typical_volume": 192.7, "trend": 375.299729, "fair_value": 407.807362, "relative_strength": -9.121076, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.876605, "energy": 82.91794, "activity_lines": [ 418.514667, 398.89321, 393.348899, 385.323637 ] }, { "date": "2026-05-22", "close": 403.83, "volume": 81, "typical_volume": 184.7, "trend": 376.327168, "fair_value": 408.505588, "relative_strength": -9.163783, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.863415, "energy": 79.508917, "activity_lines": [ 417.307333, 402.102782, 394.946985, 387.1643 ] }, { "date": "2026-05-29", "close": 403.83, "volume": 185, "typical_volume": 182.3, "trend": 377.78725, "fair_value": 409.203815, "relative_strength": -9.840875, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.426623, "energy": 74.177282, "activity_lines": [ 413.513333, 404.593197, 396.208661, 388.938676 ] }, { "date": "2026-06-05", "close": 350.0, "volume": 117, "typical_volume": 162.95, "trend": 377.453653, "fair_value": 409.406004, "relative_strength": -19.165874, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -0.637036, "energy": 13.731353, "activity_lines": [ 389.189333, 396.591417, 392.169595, 387.145951 ] }, { "date": "2026-06-12", "close": 347.025496, "volume": 158, "typical_volume": 144.7, "trend": 377.500419, "fair_value": 409.457097, "relative_strength": -19.592314, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -36.150821, "energy": 44.830317, "activity_lines": [ 370.540499, 388.322623, 387.956051, 385.182844 ] }, { "date": "2026-06-19", "close": 347.025496, "volume": 58, "typical_volume": 134.1, "trend": 377.547185, "fair_value": 409.521749, "relative_strength": -19.597391, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.486683, "energy": 54.432701, "activity_lines": [ 358.981298, 380.381717, 383.863071, 383.21672 ] }, { "date": "2026-06-26", "close": 347.025496, "volume": 98, "typical_volume": 131.8, "trend": 377.593951, "fair_value": 409.586401, "relative_strength": -17.028934, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.860003, "energy": 70.789102, "activity_lines": [ 351.209063, 372.768698, 379.955597, 381.247578 ] }, { "date": "2026-07-03", "close": 347.025496, "volume": 67, "typical_volume": 120.3, "trend": 377.633179, "fair_value": 409.651052, "relative_strength": -18.185506, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.904978, "energy": 77.496787, "activity_lines": [ 347.223796, 365.483034, 376.23127, 379.27542 ] }, { "date": "2026-07-10", "close": 381.728045, "volume": 128, "typical_volume": 120.2, "trend": 378.822275, "fair_value": 409.923651, "relative_strength": -10.667689, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.694274, "energy": 40.243545, "activity_lines": [ 358.593012, 364.834279, 376.138146, 379.539605 ] }, { "date": "2026-07-17", "close": 385.0, "volume": 202, "typical_volume": 127.85, "trend": 380.110112, "fair_value": 410.203277, "relative_strength": -7.957247, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -35.104762, "energy": 25.769161, "activity_lines": [ 368.937677, 366.021733, 376.517585, 379.938168 ] }, { "date": "2026-07-24", "close": 385.0, "volume": 53, "typical_volume": 125.3, "trend": 381.283069, "fair_value": 410.482902, "relative_strength": -6.916075, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.865717, "energy": 21.335192, "activity_lines": [ 376.750708, 368.452278, 377.042391, 380.253644 ] }, { "date": "2026-07-31", "close": 321.76, "volume": 2038, "typical_volume": 219.6, "trend": 380.902268, "fair_value": 410.357143, "relative_strength": -22.358949, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.822869, "energy": 32.82632, "activity_lines": [ 360.952106, 359.727004, 371.689707, 376.413446 ] }, { "date": "2026-08-07", "close": 316.24, "volume": 586, "typical_volume": 243.9, "trend": 379.201124, "fair_value": 410.195999, "relative_strength": -25.5974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.975395, "energy": 76.642906, "activity_lines": [ 344.99787, 351.490277, 366.013768, 372.241687 ] } ], "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." } } }