{ "ticker": { "uuid": "6ee004af-a3a5-4002-bab6-96e8da8bb6a1", "symbol": "PINFRAL", "name": "Promotora y Operadora de Infraestructura, S. A. B. de C. V.", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 85.61, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -16.498, "architecture_energy": 13.079, "architecture_maturity": 47.047, "architecture_confidence": 80.331, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 70.09, "rotation_up": 30.75, "upward_expansion": 43.72, "deceleration": 42.09, "rotation_down": 31.43, "downward_expansion": 33.38 }, "activity_lines": [ 202.122002, 201.690001, 201.614478, 201.531303 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 199.0, "trend_reference": 202.18855, "distance_from_trend": -0.01577, "trend_direction": "Improving", "fair_value": 152.044051, "distance_from_fair_value": 0.308831, "fair_value_direction": "Weakening", "relative_strength": -0.80234, "relative_strength_direction": "Improving", "price_momentum": -0.060607, "excess_performance": -0.00594, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.01577, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.012128, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.308831, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.108127, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008023, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.027444, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.060607, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.776014, "read": "Demand-led" } ], "volume": { "latest": 10416, "relative_activity": 0.362184, "balance": 2.776014, "dry_up": 2.59837, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.022556, "annualized_volatility": 0.143638, "from_high_reference": -0.07809, "from_low_reference": 0.151827 }, "levels": { "trend_reference": 202.18855, "fair_value_reference": 152.044051, "structural_low": 186.875593, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": -0.002184, "positive_rate": 0.416667, "directional_follow_through": 0.416667, "median_excess_return": 0.004705, "regime_survival": 0.666667, "best_return": 0.120825, "worst_return": -0.042141, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.036127, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.031633, "regime_survival": 0.2, "best_return": 0.211406, "worst_return": -0.056505, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.131568, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.151831, "regime_survival": 0.0, "best_return": 0.471166, "worst_return": -0.031606, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.149206, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.213909, "regime_survival": 0.0, "best_return": 0.441565, "worst_return": -0.143154, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-22", "end": "2024-01-05", "tenure": "New", "return": -0.017094, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-12", "end": "2024-02-16", "tenure": "Developing", "return": 0.001306, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-23", "end": "2024-04-19", "tenure": "Developing", "return": 0.026176, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-26", "end": "2024-06-21", "tenure": "Developing", "return": -0.0375, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-07-19", "tenure": "New", "return": -0.042288, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-26", "end": "2024-08-02", "tenure": "New", "return": -0.02521, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-16", "tenure": "New", "return": 8.3e-05, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-10-11", "tenure": "Developing", "return": 0.125, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-06-27", "tenure": "Extended", "return": 0.364078, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": 0.061127, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-05", "tenure": "Developing", "return": -0.022725, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-11-28", "tenure": "Developing", "return": 0.05914, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-03-13", "tenure": "Established", "return": -0.033925, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": 0.021245, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 100.664803, "volume": 4195, "typical_volume": 15800.9, "trend": 103.180718, "fair_value": 85.358359, "relative_strength": 4.364618, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.397807, "energy": 49.380922, "activity_lines": [ 100.319063, 101.434625, 103.236705, 103.821309 ] }, { "date": "2023-08-25", "close": 100.016541, "volume": 8074, "typical_volume": 15246.0, "trend": 103.348167, "fair_value": 85.386098, "relative_strength": 3.392715, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.44854, "energy": 44.929828, "activity_lines": [ 100.078281, 100.99381, 102.778748, 103.617169 ] }, { "date": "2023-09-01", "close": 97.238312, "volume": 11739, "typical_volume": 15079.15, "trend": 103.423009, "fair_value": 85.406425, "relative_strength": 0.43678, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.043552, "energy": 67.030413, "activity_lines": [ 99.034901, 100.164044, 102.094743, 103.222984 ] }, { "date": "2023-09-08", "close": 96.312225, "volume": 106076, "typical_volume": 19647.8, "trend": 103.466982, "fair_value": 85.423414, "relative_strength": 0.52283, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.478324, "energy": 62.951544, "activity_lines": [ 98.003865, 99.300601, 101.376469, 102.764224 ] }, { "date": "2023-09-15", "close": 97.22905, "volume": 10251, "typical_volume": 18512.95, "trend": 103.541515, "fair_value": 85.483604, "relative_strength": 3.528236, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.613862, "energy": 60.286975, "activity_lines": [ 97.587131, 98.729968, 100.790927, 102.361777 ] }, { "date": "2023-09-22", "close": 94.469337, "volume": 30946, "typical_volume": 16722.75, "trend": 103.493902, "fair_value": 85.524388, "relative_strength": -0.162681, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.211545, "energy": 73.212509, "activity_lines": [ 96.312848, 97.741927, 100.018026, 101.776475 ] }, { "date": "2023-09-29", "close": 96.70118, "volume": 1052570, "typical_volume": 68432.6, "trend": 103.339744, "fair_value": 85.543923, "relative_strength": 3.60737, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.136991, "energy": 52.764962, "activity_lines": [ 96.195544, 97.342871, 99.520532, 101.338235 ] }, { "date": "2023-10-06", "close": 92.144867, "volume": 50324, "typical_volume": 70912.9, "trend": 103.094022, "fair_value": 85.549949, "relative_strength": 0.937104, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.865438, "energy": 64.216229, "activity_lines": [ 94.780493, 96.209349, 98.634992, 100.615985 ] }, { "date": "2023-10-13", "close": 95.376892, "volume": 6768, "typical_volume": 71225.85, "trend": 102.684625, "fair_value": 85.612925, "relative_strength": 4.814434, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.015207, "energy": 49.792471, "activity_lines": [ 94.782346, 95.843633, 98.126832, 100.118106 ] }, { "date": "2023-10-20", "close": 95.386154, "volume": 7688, "typical_volume": 71364.05, "trend": 102.245381, "fair_value": 85.688956, "relative_strength": 6.824489, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.923679, "energy": 44.685057, "activity_lines": [ 94.849642, 95.580796, 97.677996, 99.647236 ] }, { "date": "2023-10-27", "close": 94.460075, "volume": 556, "typical_volume": 70838.45, "trend": 101.861213, "fair_value": 85.756712, "relative_strength": 3.930704, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.976823, "energy": 45.933221, "activity_lines": [ 94.731105, 95.200094, 97.182171, 99.144959 ] }, { "date": "2023-11-03", "close": 96.312225, "volume": 21575, "typical_volume": 71096.9, "trend": 101.467916, "fair_value": 85.875171, "relative_strength": 1.028982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.202949, "energy": 34.120737, "activity_lines": [ 95.230569, 95.268959, 96.908359, 98.786959 ] }, { "date": "2023-11-10", "close": 100.479584, "volume": 25358, "typical_volume": 71370.25, "trend": 101.198453, "fair_value": 85.968257, "relative_strength": 5.059749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.734613, "energy": 14.717453, "activity_lines": [ 97.145083, 96.162878, 97.079508, 98.723196 ] }, { "date": "2023-11-17", "close": 97.22905, "volume": 33100, "typical_volume": 72981.55, "trend": 100.911108, "fair_value": 85.998921, "relative_strength": -1.281404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.261756, "energy": 17.884538, "activity_lines": [ 97.420438, 96.406858, 96.960926, 98.467106 ] }, { "date": "2023-11-24", "close": 96.775276, "volume": 2205, "typical_volume": 72495.1, "trend": 100.367687, "fair_value": 86.047469, "relative_strength": -2.384733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.902418, "energy": 18.774268, "activity_lines": [ 97.421057, 96.551664, 96.827791, 98.200278 ] }, { "date": "2023-12-01", "close": 97.22905, "volume": 9673, "typical_volume": 72853.0, "trend": 100.019727, "fair_value": 86.093728, "relative_strength": -3.860396, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.453272, "energy": 14.477309, "activity_lines": [ 97.480326, 96.787226, 96.762128, 97.997785 ] }, { "date": "2023-12-08", "close": 101.405663, "volume": 28376, "typical_volume": 74052.75, "trend": 99.855318, "fair_value": 86.166759, "relative_strength": -0.859675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.346203, "energy": 11.511531, "activity_lines": [ 98.747202, 97.731994, 97.129076, 98.0872 ] }, { "date": "2023-12-15", "close": 108.351265, "volume": 10549, "typical_volume": 71957.55, "trend": 99.908557, "fair_value": 86.310357, "relative_strength": 0.625282, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.990548, "energy": 51.185093, "activity_lines": [ 101.989715, 99.854064, 98.159714, 98.635326 ] }, { "date": "2023-12-22", "close": 110.871994, "volume": 1915454, "typical_volume": 167476.15, "trend": 100.015966, "fair_value": 86.470582, "relative_strength": 2.348325, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 59.405187, "energy": 75.481864, "activity_lines": [ 105.547693, 102.139785, 99.400435, 99.342644 ] }, { "date": "2023-12-29", "close": 108.976746, "volume": 1910331, "typical_volume": 262290.4, "trend": 100.180523, "fair_value": 86.604206, "relative_strength": 0.323936, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.829569, "energy": 74.069712, "activity_lines": [ 107.564392, 103.799188, 100.413373, 99.920759 ] }, { "date": "2024-01-05", "close": 108.976746, "volume": 1951671, "typical_volume": 359664.2, "trend": 100.345081, "fair_value": 86.741417, "relative_strength": 2.1818, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.641363, "energy": 85.398617, "activity_lines": [ 108.767659, 105.211488, 101.374824, 100.488257 ] }, { "date": "2024-01-12", "close": 108.834602, "volume": 2604878, "typical_volume": 489504.4, "trend": 100.426018, "fair_value": 86.893259, "relative_strength": 2.857532, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.907214, "energy": 83.023191, "activity_lines": [ 109.140366, 106.334005, 102.283156, 101.035968 ] }, { "date": "2024-01-19", "close": 111.345802, "volume": 25834, "typical_volume": 490209.15, "trend": 100.649314, "fair_value": 87.09426, "relative_strength": 5.283386, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.428519, "energy": 72.705404, "activity_lines": [ 109.854876, 107.685424, 103.38866, 101.740471 ] }, { "date": "2024-01-26", "close": 108.96727, "volume": 16491, "typical_volume": 485729.9, "trend": 100.839937, "fair_value": 87.267746, "relative_strength": 0.30604, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.253007, "energy": 52.210143, "activity_lines": [ 109.576907, 108.406815, 104.200458, 102.277113 ] }, { "date": "2024-02-02", "close": 107.659554, "volume": 41238, "typical_volume": 487279.25, "trend": 101.032965, "fair_value": 87.447041, "relative_strength": -3.319969, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.554081, "energy": 45.0622, "activity_lines": [ 108.990014, 108.677017, 104.82745, 102.717088 ] }, { "date": "2024-02-09", "close": 111.336319, "volume": 27053, "typical_volume": 487084.6, "trend": 101.25934, "fair_value": 87.625316, "relative_strength": 1.415482, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.705765, "energy": 46.8354, "activity_lines": [ 109.716522, 109.417826, 105.75494, 103.381821 ] }, { "date": "2024-02-16", "close": 108.976746, "volume": 15714, "typical_volume": 435241.8, "trend": 101.496275, "fair_value": 87.783268, "relative_strength": -0.535626, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.259522, "energy": 37.810041, "activity_lines": [ 109.499201, 109.473126, 106.377391, 103.879718 ] }, { "date": "2024-02-23", "close": 108.96727, "volume": 40067, "typical_volume": 434728.95, "trend": 101.72672, "fair_value": 87.94116, "relative_strength": 0.181282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.335226, "energy": 31.149788, "activity_lines": [ 109.269245, 109.389047, 106.940484, 104.361717 ] }, { "date": "2024-03-01", "close": 106.133881, "volume": 8836, "typical_volume": 434832.35, "trend": 101.899762, "fair_value": 88.091285, "relative_strength": -0.490565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.725492, "energy": 25.601775, "activity_lines": [ 108.253394, 108.778607, 107.153623, 104.64605 ] }, { "date": "2024-03-08", "close": 106.607681, "volume": 17893, "typical_volume": 435342.6, "trend": 102.181205, "fair_value": 88.234102, "relative_strength": 0.989713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.23951, "energy": 17.820515, "activity_lines": [ 107.58437, 108.340459, 107.360663, 104.949787 ] }, { "date": "2024-03-15", "close": 108.029121, "volume": 26069, "typical_volume": 436618.25, "trend": 102.426683, "fair_value": 88.38598, "relative_strength": 0.136447, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.834031, "energy": 17.848234, "activity_lines": [ 107.459284, 108.203829, 107.649642, 105.327072 ] }, { "date": "2024-03-22", "close": 104.2481, "volume": 2089, "typical_volume": 435643.95, "trend": 102.567735, "fair_value": 88.500676, "relative_strength": -3.812618, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.689285, "energy": 12.239145, "activity_lines": [ 106.294337, 107.39697, 107.51391, 105.444583 ] }, { "date": "2024-03-29", "close": 108.50293, "volume": 152451, "typical_volume": 441998.6, "trend": 102.943222, "fair_value": 88.642648, "relative_strength": -1.136025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.799691, "energy": 13.370446, "activity_lines": [ 106.86291, 107.447107, 107.745609, 105.827499 ] }, { "date": "2024-04-05", "close": 113.430573, "volume": 1785639, "typical_volume": 529625.55, "trend": 103.513833, "fair_value": 88.823952, "relative_strength": 2.136858, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.611684, "energy": 33.409145, "activity_lines": [ 109.104987, 108.444868, 108.408402, 106.504102 ] }, { "date": "2024-04-12", "close": 108.863029, "volume": 22961, "typical_volume": 530663.35, "trend": 103.901633, "fair_value": 88.968283, "relative_strength": 0.739253, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.063232, "energy": 24.060537, "activity_lines": [ 109.338103, 108.531016, 108.55904, 106.849211 ] }, { "date": "2024-04-19", "close": 111.819618, "volume": 8877, "typical_volume": 530623.55, "trend": 104.479975, "fair_value": 89.118467, "relative_strength": 4.72707, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.274259, "energy": 48.784638, "activity_lines": [ 110.406392, 109.132844, 108.933697, 107.360049 ] }, { "date": "2024-04-26", "close": 113.714859, "volume": 94770, "typical_volume": 533943.25, "trend": 105.047098, "fair_value": 89.277785, "relative_strength": 2.960735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.911264, "energy": 60.252438, "activity_lines": [ 111.853729, 110.070473, 109.419374, 107.955848 ] }, { "date": "2024-05-03", "close": 118.452988, "volume": 90713, "typical_volume": 537951.45, "trend": 105.924035, "fair_value": 89.475222, "relative_strength": 8.438321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.711127, "energy": 72.397597, "activity_lines": [ 114.249324, 111.783434, 110.297687, 108.820744 ] }, { "date": "2024-05-10", "close": 126.981606, "volume": 83688, "typical_volume": 446363.15, "trend": 106.977526, "fair_value": 89.748693, "relative_strength": 14.76647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.306223, "energy": 89.9344, "activity_lines": [ 118.824455, 114.874584, 111.940145, 110.179297 ] }, { "date": "2024-05-17", "close": 126.033966, "volume": 30917, "typical_volume": 352392.45, "trend": 107.99912, "fair_value": 90.01609, "relative_strength": 13.922585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.289515, "energy": 93.669738, "activity_lines": [ 122.180304, 117.414387, 113.41564, 111.408745 ] }, { "date": "2024-05-24", "close": 123.191109, "volume": 224856, "typical_volume": 266051.7, "trend": 108.956821, "fair_value": 90.257259, "relative_strength": 15.44702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.66682, "energy": 87.386341, "activity_lines": [ 123.443804, 119.084102, 114.539162, 112.388873 ] }, { "date": "2024-05-31", "close": 124.138733, "volume": 61208, "typical_volume": 138868.2, "trend": 109.884371, "fair_value": 90.508556, "relative_strength": 16.484659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.146272, "energy": 85.250464, "activity_lines": [ 124.26508, 120.650439, 115.685246, 113.368351 ] }, { "date": "2024-06-07", "close": 123.191109, "volume": 34435, "typical_volume": 139298.25, "trend": 110.641422, "fair_value": 90.757106, "relative_strength": 19.902406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.510122, "energy": 66.912137, "activity_lines": [ 124.075556, 121.682833, 116.668203, 114.226851 ] }, { "date": "2024-06-14", "close": 120.348236, "volume": 244533, "typical_volume": 150700.35, "trend": 111.412061, "fair_value": 91.008693, "relative_strength": 18.399796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.388458, "energy": 47.862682, "activity_lines": [ 122.622533, 121.931283, 117.324004, 114.853097 ] }, { "date": "2024-06-21", "close": 109.450554, "volume": 30947, "typical_volume": 150185.8, "trend": 111.834571, "fair_value": 91.169683, "relative_strength": 6.407623, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.136863, "energy": 14.19139, "activity_lines": [ 117.979174, 120.072561, 116.887736, 114.726548 ] }, { "date": "2024-06-28", "close": 111.819618, "volume": 19642, "typical_volume": 149815.25, "trend": 112.320923, "fair_value": 91.345858, "relative_strength": 9.214006, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.73718, "energy": 20.322198, "activity_lines": [ 115.231064, 118.633896, 116.668564, 114.725583 ] }, { "date": "2024-07-05", "close": 107.507912, "volume": 12447, "typical_volume": 149651.9, "trend": 112.524331, "fair_value": 91.494395, "relative_strength": 5.046982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.159026, "energy": 33.351005, "activity_lines": [ 111.803818, 116.411284, 116.036452, 114.415066 ] }, { "date": "2024-07-12", "close": 110.398178, "volume": 5858, "typical_volume": 147941.45, "trend": 112.592562, "fair_value": 91.669723, "relative_strength": 2.662918, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.11048, "energy": 36.161582, "activity_lines": [ 110.448716, 114.827029, 115.686598, 114.277895 ] }, { "date": "2024-07-19", "close": 107.090981, "volume": 2889, "typical_volume": 147644.1, "trend": 112.466528, "fair_value": 91.815639, "relative_strength": 1.85392, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.228757, "energy": 45.969753, "activity_lines": [ 108.844076, 112.787916, 115.014959, 113.922954 ] }, { "date": "2024-07-26", "close": 112.767242, "volume": 4478, "typical_volume": 146973.35, "trend": 112.592878, "fair_value": 92.003087, "relative_strength": 8.70048, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.380749, "energy": 35.44532, "activity_lines": [ 110.015341, 112.142498, 114.879359, 113.942355 ] }, { "date": "2024-08-02", "close": 109.924362, "volume": 13446, "typical_volume": 146342.2, "trend": 112.624465, "fair_value": 92.182709, "relative_strength": 6.885389, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.313611, "energy": 25.040012, "activity_lines": [ 110.017866, 111.221406, 114.443677, 113.770193 ] }, { "date": "2024-08-09", "close": 113.705391, "volume": 4865, "typical_volume": 146481.0, "trend": 112.786825, "fair_value": 92.401954, "relative_strength": 8.557873, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -7.238758, "energy": 13.512804, "activity_lines": [ 111.407085, 111.228988, 114.359068, 113.83993 ] }, { "date": "2024-08-16", "close": 113.714859, "volume": 7279, "typical_volume": 139222.4, "trend": 112.865793, "fair_value": 92.624067, "relative_strength": 6.277239, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.588035, "energy": 6.512551, "activity_lines": [ 112.386294, 111.427988, 114.230326, 113.899803 ] }, { "date": "2024-08-23", "close": 113.714859, "volume": 565006, "typical_volume": 78190.75, "trend": 113.024046, "fair_value": 92.832301, "relative_strength": 7.199266, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.537365, "energy": 7.767563, "activity_lines": [ 113.144391, 111.799283, 114.076765, 113.954582 ] }, { "date": "2024-08-30", "close": 113.714859, "volume": 108343, "typical_volume": 82459.85, "trend": 113.22589, "fair_value": 93.049008, "relative_strength": 8.034463, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.163841, "energy": 10.123875, "activity_lines": [ 113.460897, 112.291186, 113.921851, 113.99915 ] }, { "date": "2024-09-06", "close": 110.871994, "volume": 18306, "typical_volume": 82931.3, "trend": 113.210412, "fair_value": 93.239902, "relative_strength": 8.753841, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.28855, "energy": 9.530505, "activity_lines": [ 112.766606, 112.188671, 113.473084, 113.847286 ] }, { "date": "2024-09-13", "close": 113.714859, "volume": 31700, "typical_volume": 79777.8, "trend": 113.368349, "fair_value": 93.451722, "relative_strength": 9.232729, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.870055, "energy": 5.227951, "activity_lines": [ 112.956762, 112.62027, 113.299578, 113.879831 ] }, { "date": "2024-09-20", "close": 117.495888, "volume": 4513, "typical_volume": 75467.8, "trend": 113.652636, "fair_value": 93.695421, "relative_strength": 12.033623, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.405172, "energy": 17.547353, "activity_lines": [ 114.406629, 113.626475, 113.48617, 114.146124 ] }, { "date": "2024-09-27", "close": 115.610115, "volume": 16555, "typical_volume": 72111.15, "trend": 113.968511, "fair_value": 93.927084, "relative_strength": 8.706618, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.820663, "energy": 19.530983, "activity_lines": [ 114.975837, 114.160764, 113.497722, 114.272413 ] }, { "date": "2024-10-04", "close": 123.191109, "volume": 34961, "typical_volume": 72313.35, "trend": 114.521292, "fair_value": 94.20724, "relative_strength": 15.668633, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 51.71576, "energy": 59.137214, "activity_lines": [ 117.945692, 115.918521, 114.285424, 114.867419 ] }, { "date": "2024-10-11", "close": 127.92923, "volume": 205690, "typical_volume": 71355.05, "trend": 115.184629, "fair_value": 94.533986, "relative_strength": 20.026901, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.355601, "energy": 82.171425, "activity_lines": [ 121.863171, 118.34823, 115.537912, 115.732448 ] }, { "date": "2024-10-18", "close": 126.033966, "volume": 23454, "typical_volume": 69467.35, "trend": 115.910824, "fair_value": 94.842865, "relative_strength": 16.398744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.006396, "energy": 84.467572, "activity_lines": [ 124.011746, 120.105985, 116.587337, 116.432405 ] }, { "date": "2024-10-25", "close": 125.671135, "volume": 40890, "typical_volume": 69790.1, "trend": 116.483098, "fair_value": 95.143284, "relative_strength": 18.294927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.25295, "energy": 85.514125, "activity_lines": [ 125.218104, 121.573614, 117.593182, 117.062102 ] }, { "date": "2024-11-01", "close": 130.030945, "volume": 21934, "typical_volume": 58660.15, "trend": 117.036444, "fair_value": 95.471651, "relative_strength": 24.403619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.931854, "energy": 89.740821, "activity_lines": [ 127.332715, 123.616549, 119.002437, 117.936157 ] }, { "date": "2024-11-08", "close": 130.504639, "volume": 18974, "typical_volume": 58061.5, "trend": 117.757831, "fair_value": 95.814386, "relative_strength": 21.282917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.614289, "energy": 85.493696, "activity_lines": [ 128.643836, 125.448955, 120.410698, 118.805073 ] }, { "date": "2024-11-15", "close": 128.087906, "volume": 2076323, "typical_volume": 160895.55, "trend": 118.300107, "fair_value": 96.146256, "relative_strength": 21.502278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.515909, "energy": 75.327714, "activity_lines": [ 128.66181, 126.536685, 121.488536, 119.471529 ] }, { "date": "2024-11-22", "close": 137.754913, "volume": 108429, "typical_volume": 165694.65, "trend": 119.101442, "fair_value": 96.543265, "relative_strength": 29.695423, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.023351, "energy": 83.677901, "activity_lines": [ 131.891542, 129.069037, 123.409573, 120.726678 ] }, { "date": "2024-11-29", "close": 140.162003, "volume": 470657, "typical_volume": 188934.6, "trend": 119.825076, "fair_value": 96.963502, "relative_strength": 32.376501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.924189, "energy": 88.200819, "activity_lines": [ 135.142241, 131.601949, 125.415824, 122.085424 ] }, { "date": "2024-12-06", "close": 142.588394, "volume": 14607, "typical_volume": 189520.5, "trend": 120.345302, "fair_value": 97.383697, "relative_strength": 29.569628, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.131656, "energy": 90.884488, "activity_lines": [ 138.235678, 134.163912, 127.511427, 123.554025 ] }, { "date": "2024-12-13", "close": 146.938568, "volume": 13249, "typical_volume": 189959.05, "trend": 121.042122, "fair_value": 97.84888, "relative_strength": 31.699111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.449627, "energy": 93.510828, "activity_lines": [ 141.94201, 137.026302, 129.852297, 125.26972 ] }, { "date": "2024-12-20", "close": 144.995514, "volume": 283703, "typical_volume": 203471.9, "trend": 121.768936, "fair_value": 98.271557, "relative_strength": 34.10635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.654959, "energy": 82.205883, "activity_lines": [ 143.905063, 139.103637, 131.845393, 126.8151 ] }, { "date": "2024-12-27", "close": 144.995514, "volume": 0, "typical_volume": 203228.65, "trend": 122.464162, "fair_value": 98.66948, "relative_strength": 33.681384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.737852, "energy": 69.652003, "activity_lines": [ 144.740941, 140.870677, 133.671484, 128.313589 ] }, { "date": "2025-01-03", "close": 145.005157, "volume": 15744, "typical_volume": 203651.9, "trend": 123.191297, "fair_value": 99.065545, "relative_strength": 33.408372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.049251, "energy": 65.666214, "activity_lines": [ 145.097328, 142.294714, 135.349493, 129.767846 ] }, { "date": "2025-01-10", "close": 142.105057, "volume": 34727, "typical_volume": 177137.95, "trend": 123.916524, "fair_value": 99.432351, "relative_strength": 28.047448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.040432, "energy": 60.368578, "activity_lines": [ 144.164137, 142.839932, 136.602301, 130.988089 ] }, { "date": "2025-01-17", "close": 145.971878, "volume": 2081, "typical_volume": 171824.85, "trend": 125.133902, "fair_value": 99.851684, "relative_strength": 29.606117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.042989, "energy": 59.987673, "activity_lines": [ 144.552109, 143.86868, 138.088185, 132.411015 ] }, { "date": "2025-01-24", "close": 145.005157, "volume": 90304, "typical_volume": 175424.75, "trend": 126.240086, "fair_value": 100.253084, "relative_strength": 24.236189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.433615, "energy": 54.374079, "activity_lines": [ 144.682286, 144.440437, 139.328397, 133.693031 ] }, { "date": "2025-01-31", "close": 155.740311, "volume": 42701, "typical_volume": 175974.8, "trend": 127.847833, "fair_value": 100.771629, "relative_strength": 32.482232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.069586, "energy": 67.111108, "activity_lines": [ 148.390206, 146.656455, 141.428465, 135.596272 ] }, { "date": "2025-02-07", "close": 153.516312, "volume": 29485, "typical_volume": 177223.4, "trend": 129.285104, "fair_value": 101.25442, "relative_strength": 25.599343, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.131403, "energy": 72.222405, "activity_lines": [ 150.640473, 148.141101, 143.116602, 137.252303 ] }, { "date": "2025-02-14", "close": 157.452637, "volume": 17251, "typical_volume": 177258.2, "trend": 130.963826, "fair_value": 101.772953, "relative_strength": 24.776724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.004267, "energy": 78.186962, "activity_lines": [ 153.635437, 150.098638, 145.008101, 139.069563 ] }, { "date": "2025-02-21", "close": 167.293427, "volume": 101984, "typical_volume": 180609.35, "trend": 132.781365, "fair_value": 102.349234, "relative_strength": 32.116472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.464874, "energy": 94.962168, "activity_lines": [ 158.887493, 153.57515, 147.637569, 141.413408 ] }, { "date": "2025-02-28", "close": 161.880966, "volume": 27914, "typical_volume": 171720.55, "trend": 134.513252, "fair_value": 102.890979, "relative_strength": 30.039244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.54944, "energy": 86.052344, "activity_lines": [ 160.913959, 155.69749, 149.541553, 143.290802 ] }, { "date": "2025-03-07", "close": 159.10585, "volume": 3028, "typical_volume": 170699.25, "trend": 136.026601, "fair_value": 103.430726, "relative_strength": 25.481113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.432184, "energy": 76.021963, "activity_lines": [ 160.890332, 157.008255, 151.019566, 144.877421 ] }, { "date": "2025-03-14", "close": 157.472321, "volume": 4959, "typical_volume": 168902.7, "trend": 137.485183, "fair_value": 103.95472, "relative_strength": 23.961638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.53624, "energy": 65.211759, "activity_lines": [ 160.097826, 157.765463, 152.184519, 146.261016 ] }, { "date": "2025-03-21", "close": 165.325272, "volume": 9563, "typical_volume": 168284.15, "trend": 139.20553, "fair_value": 104.515716, "relative_strength": 28.355633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.202729, "energy": 68.281406, "activity_lines": [ 161.659237, 159.723805, 153.945937, 148.057151 ] }, { "date": "2025-03-28", "close": 165.325272, "volume": 328631, "typical_volume": 183767.0, "trend": 140.925877, "fair_value": 105.087382, "relative_strength": 25.941125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.624382, "energy": 62.843671, "activity_lines": [ 162.695805, 161.259961, 155.539288, 149.742295 ] }, { "date": "2025-04-04", "close": 167.283569, "volume": 117755, "typical_volume": 85838.6, "trend": 142.806263, "fair_value": 105.683338, "relative_strength": 30.374586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.366113, "energy": 61.874425, "activity_lines": [ 164.516349, 162.800292, 157.153331, 151.442792 ] }, { "date": "2025-04-11", "close": 172.213806, "volume": 21830, "typical_volume": 81508.65, "trend": 144.756228, "fair_value": 106.318365, "relative_strength": 32.644699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.728308, "energy": 67.520493, "activity_lines": [ 167.620132, 164.831967, 159.050274, 153.340052 ] }, { "date": "2025-04-18", "close": 172.213806, "volume": 2736, "typical_volume": 58112.6, "trend": 146.580158, "fair_value": 106.931521, "relative_strength": 27.629152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.107665, "energy": 65.496933, "activity_lines": [ 169.850052, 166.564124, 160.783127, 155.111509 ] }, { "date": "2025-04-25", "close": 173.197891, "volume": 160235, "typical_volume": 65394.0, "trend": 148.499751, "fair_value": 107.549758, "relative_strength": 19.004058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.318257, "energy": 64.662772, "activity_lines": [ 171.425234, 168.135251, 162.457075, 156.828782 ] }, { "date": "2025-05-02", "close": 167.293427, "volume": 5523, "typical_volume": 65007.7, "trend": 149.969828, "fair_value": 108.142042, "relative_strength": 16.013828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.645886, "energy": 56.871152, "activity_lines": [ 170.50742, 168.346561, 163.422933, 158.041277 ] }, { "date": "2025-05-09", "close": 179.102356, "volume": 2578, "typical_volume": 50951.45, "trend": 151.675599, "fair_value": 108.807358, "relative_strength": 21.703537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.555576, "energy": 60.733133, "activity_lines": [ 173.394705, 170.70495, 165.416523, 159.920795 ] }, { "date": "2025-05-16", "close": 169.04509, "volume": 7585, "typical_volume": 51330.7, "trend": 153.109303, "fair_value": 109.400415, "relative_strength": 11.426655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.220649, "energy": 47.704838, "activity_lines": [ 172.14165, 170.921629, 166.289865, 161.041408 ] }, { "date": "2025-05-23", "close": 174.181961, "volume": 2227, "typical_volume": 50654.85, "trend": 154.726331, "fair_value": 110.058781, "relative_strength": 13.348444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.761706, "energy": 47.545004, "activity_lines": [ 172.812132, 171.891571, 167.537911, 162.400934 ] }, { "date": "2025-05-30", "close": 176.150131, "volume": 744, "typical_volume": 48955.7, "trend": 156.263637, "fair_value": 110.729177, "relative_strength": 15.086883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.38707, "energy": 51.368584, "activity_lines": [ 174.007461, 172.91555, 168.834465, 163.783115 ] }, { "date": "2025-06-06", "close": 177.472336, "volume": 0, "typical_volume": 48851.65, "trend": 157.829227, "fair_value": 111.416051, "relative_strength": 14.901311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.006797, "energy": 48.746695, "activity_lines": [ 175.446708, 173.983114, 170.094823, 165.151418 ] }, { "date": "2025-06-13", "close": 177.462418, "volume": 7534, "typical_volume": 44713.15, "trend": 159.475044, "fair_value": 112.094859, "relative_strength": 15.48533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.625492, "energy": 50.022618, "activity_lines": [ 176.204056, 174.82802, 171.204235, 166.418075 ] }, { "date": "2025-06-20", "close": 166.566223, "volume": 16784, "typical_volume": 43417.3, "trend": 160.435421, "fair_value": 112.719824, "relative_strength": 9.954933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.56282, "energy": 32.485076, "activity_lines": [ 173.438668, 173.506729, 171.121356, 166.875571 ] }, { "date": "2025-06-27", "close": 171.920105, "volume": 74450, "typical_volume": 45665.55, "trend": 161.494024, "fair_value": 113.389884, "relative_strength": 10.579133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.751024, "energy": 26.032122, "activity_lines": [ 172.623165, 173.261555, 171.496818, 167.616518 ] }, { "date": "2025-07-04", "close": 175.985138, "volume": 5972, "typical_volume": 45101.6, "trend": 162.607249, "fair_value": 114.086428, "relative_strength": 11.274202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.931306, "energy": 25.94289, "activity_lines": [ 173.313463, 173.760817, 172.171789, 168.551429 ] }, { "date": "2025-07-11", "close": 186.742538, "volume": 117221, "typical_volume": 45863.45, "trend": 163.934048, "fair_value": 114.856732, "relative_strength": 19.873031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.684585, "energy": 43.402193, "activity_lines": [ 177.600561, 176.165294, 173.783024, 170.108544 ] }, { "date": "2025-07-18", "close": 186.504578, "volume": 141054, "typical_volume": 51520.45, "trend": 165.317683, "fair_value": 115.624976, "relative_strength": 19.301972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.675269, "energy": 68.61402, "activity_lines": [ 181.190326, 178.172884, 175.278981, 171.564707 ] }, { "date": "2025-07-25", "close": 182.429642, "volume": 24039, "typical_volume": 52571.0, "trend": 166.565488, "fair_value": 116.335626, "relative_strength": 13.733708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.606673, "energy": 70.329278, "activity_lines": [ 182.818968, 179.304992, 176.269594, 172.668705 ] }, { "date": "2025-08-01", "close": 185.39415, "volume": 5511, "typical_volume": 52598.6, "trend": 167.911788, "fair_value": 117.064211, "relative_strength": 15.524967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.374216, "energy": 77.637857, "activity_lines": [ 184.378218, 180.732745, 177.431476, 173.883457 ] }, { "date": "2025-08-08", "close": 193.33577, "volume": 58730, "typical_volume": 55056.95, "trend": 169.619478, "fair_value": 117.818099, "relative_strength": 17.099135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.986302, "energy": 82.568605, "activity_lines": [ 187.686405, 183.400571, 179.216741, 175.523714 ] }, { "date": "2025-08-15", "close": 188.378448, "volume": 13808, "typical_volume": 39315.8, "trend": 171.03303, "fair_value": 118.540209, "relative_strength": 12.747078, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.475166, "energy": 71.474102, "activity_lines": [ 188.185442, 184.8546, 180.396497, 176.73397 ] }, { "date": "2025-08-22", "close": 180.758347, "volume": 48354, "typical_volume": 35845.75, "trend": 172.224803, "fair_value": 119.213526, "relative_strength": 5.874969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.691449, "energy": 48.463197, "activity_lines": [ 186.035385, 184.724863, 180.740752, 177.36141 ] }, { "date": "2025-08-29", "close": 187.748993, "volume": 239121, "typical_volume": 46710.3, "trend": 173.291759, "fair_value": 119.926266, "relative_strength": 10.166406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.451673, "energy": 45.161695, "activity_lines": [ 186.598626, 185.806226, 181.686617, 178.362971 ] }, { "date": "2025-09-05", "close": 182.266312, "volume": 19636, "typical_volume": 47555.3, "trend": 174.250093, "fair_value": 120.589925, "relative_strength": 3.240982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.272419, "energy": 26.769545, "activity_lines": [ 184.979683, 185.505597, 182.036345, 178.941974 ] }, { "date": "2025-09-12", "close": 185.751663, "volume": 21118, "typical_volume": 40599.45, "trend": 175.193394, "fair_value": 121.276473, "relative_strength": 2.416216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.154853, "energy": 22.662797, "activity_lines": [ 184.731046, 185.650556, 182.670143, 179.684011 ] }, { "date": "2025-09-19", "close": 187.748993, "volume": 10102, "typical_volume": 40828.4, "trend": 175.875246, "fair_value": 121.980763, "relative_strength": 3.973817, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.981143, "energy": 28.732069, "activity_lines": [ 185.653792, 185.981092, 183.434382, 180.494049 ] }, { "date": "2025-09-26", "close": 184.753006, "volume": 81648, "typical_volume": 44781.9, "trend": 176.637647, "fair_value": 122.674077, "relative_strength": -0.007713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.512445, "energy": 22.637944, "activity_lines": [ 185.619841, 185.748604, 183.815881, 181.066808 ] }, { "date": "2025-10-03", "close": 188.737686, "volume": 15466, "typical_volume": 45175.95, "trend": 177.625375, "fair_value": 123.392933, "relative_strength": 2.214381, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.163125, "energy": 33.161083, "activity_lines": [ 186.647805, 186.27245, 184.549967, 181.847456 ] }, { "date": "2025-10-10", "close": 180.748367, "volume": 46863, "typical_volume": 47407.75, "trend": 178.401243, "fair_value": 124.060685, "relative_strength": -0.174394, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.626397, "energy": 18.457298, "activity_lines": [ 184.94675, 185.229001, 184.42939, 182.048939 ] }, { "date": "2025-10-17", "close": 179.759689, "volume": 36992, "typical_volume": 49220.15, "trend": 178.88239, "fair_value": 124.723636, "relative_strength": -2.943519, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.996073, "energy": 8.590728, "activity_lines": [ 183.017332, 184.090261, 184.183385, 182.136581 ] }, { "date": "2025-10-24", "close": 181.757019, "volume": 13530, "typical_volume": 49896.65, "trend": 179.430115, "fair_value": 125.383481, "relative_strength": -1.250145, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.841261, "energy": 10.450496, "activity_lines": [ 182.153155, 183.56151, 184.110413, 182.322041 ] }, { "date": "2025-10-31", "close": 179.749695, "volume": 89382, "typical_volume": 53989.05, "trend": 179.845653, "fair_value": 125.982182, "relative_strength": -5.045919, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.05269, "energy": 12.361905, "activity_lines": [ 181.019336, 182.78818, 183.825865, 182.342659 ] }, { "date": "2025-11-07", "close": 178.860886, "volume": 39185, "typical_volume": 55109.1, "trend": 180.067222, "fair_value": 126.585608, "relative_strength": -6.601965, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.117421, "energy": 20.344957, "activity_lines": [ 179.922801, 181.871588, 183.445776, 182.279125 ] }, { "date": "2025-11-14", "close": 185.751663, "volume": 24568, "typical_volume": 52615.0, "trend": 180.518484, "fair_value": 127.22772, "relative_strength": -1.650416, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.137378, "energy": 10.159479, "activity_lines": [ 181.781645, 182.369467, 183.663406, 182.645864 ] }, { "date": "2025-11-21", "close": 186.151138, "volume": 15250, "typical_volume": 53078.9, "trend": 180.950259, "fair_value": 127.872392, "relative_strength": -0.894049, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.237618, "energy": 13.053508, "activity_lines": [ 183.440094, 182.876607, 183.853216, 183.009261 ] }, { "date": "2025-11-28", "close": 196.736969, "volume": 6894, "typical_volume": 47562.55, "trend": 181.93171, "fair_value": 128.601381, "relative_strength": 1.729542, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.331218, "energy": 49.260967, "activity_lines": [ 188.201057, 185.301181, 185.002791, 184.027758 ] }, { "date": "2025-12-05", "close": 208.850967, "volume": 6651, "typical_volume": 40842.4, "trend": 182.923331, "fair_value": 129.408023, "relative_strength": 8.011642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.97354, "energy": 81.898533, "activity_lines": [ 196.001356, 189.764882, 187.258488, 185.764484 ] }, { "date": "2025-12-12", "close": 199.876923, "volume": 20555, "typical_volume": 40668.2, "trend": 183.951058, "fair_value": 130.15714, "relative_strength": 1.08568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.511352, "energy": 77.686288, "activity_lines": [ 198.870222, 192.158793, 188.553103, 186.858264 ] }, { "date": "2025-12-19", "close": 195.869598, "volume": 65464, "typical_volume": 43665.85, "trend": 184.67398, "fair_value": 130.875082, "relative_strength": 0.125939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.92539, "energy": 73.920173, "activity_lines": [ 199.002244, 193.621569, 189.382985, 187.627202 ] }, { "date": "2025-12-26", "close": 197.868271, "volume": 76166, "typical_volume": 44537.65, "trend": 185.397918, "fair_value": 131.598331, "relative_strength": -1.470138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.964994, "energy": 65.725211, "activity_lines": [ 199.125961, 195.172809, 190.353334, 188.478447 ] }, { "date": "2026-01-02", "close": 197.758347, "volume": 21560, "typical_volume": 44925.25, "trend": 186.074118, "fair_value": 132.310089, "relative_strength": 0.693608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.625327, "energy": 38.961694, "activity_lines": [ 198.431895, 196.374815, 191.291631, 189.275894 ] }, { "date": "2026-01-09", "close": 194.87027, "volume": 29198, "typical_volume": 43967.45, "trend": 186.65438, "fair_value": 132.974685, "relative_strength": -3.713714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.921069, "energy": 27.513607, "activity_lines": [ 196.707045, 196.760783, 191.910206, 189.843388 ] }, { "date": "2026-01-16", "close": 208.361282, "volume": 37803, "typical_volume": 33901.55, "trend": 188.047548, "fair_value": 133.694445, "relative_strength": 1.183919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.111324, "energy": 41.482958, "activity_lines": [ 200.411245, 199.324743, 193.74644, 191.243833 ] }, { "date": "2026-01-23", "close": 207.861618, "volume": 20827, "typical_volume": 33961.1, "trend": 189.245599, "fair_value": 134.417962, "relative_strength": -0.758647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.234413, "energy": 43.070347, "activity_lines": [ 203.383266, 201.261483, 195.436934, 192.52216 ] }, { "date": "2026-01-30", "close": 209.850296, "volume": 28975, "typical_volume": 34353.95, "trend": 190.374437, "fair_value": 135.154226, "relative_strength": 1.034547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.106317, "energy": 56.826177, "activity_lines": [ 206.218712, 203.157803, 197.194943, 193.851495 ] }, { "date": "2026-02-06", "close": 211.838959, "volume": 32579, "typical_volume": 35477.8, "trend": 191.210985, "fair_value": 135.903238, "relative_strength": -2.684328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.965804, "energy": 66.84363, "activity_lines": [ 208.918244, 204.984804, 199.027593, 195.236303 ] }, { "date": "2026-02-13", "close": 201.855621, "volume": 1905398, "typical_volume": 126665.3, "trend": 191.722686, "fair_value": 136.588255, "relative_strength": -8.08837, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.78075, "energy": 42.38106, "activity_lines": [ 207.35129, 204.722071, 199.794734, 195.923054 ] }, { "date": "2026-02-20", "close": 200.846283, "volume": 73470, "typical_volume": 129565.5, "trend": 192.336574, "fair_value": 137.261002, "relative_strength": -8.320811, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.796981, "energy": 31.983243, "activity_lines": [ 204.982199, 204.40301, 200.384308, 196.511673 ] }, { "date": "2026-02-27", "close": 200.41658, "volume": 143226, "typical_volume": 134383.65, "trend": 192.837322, "fair_value": 137.896198, "relative_strength": -8.312523, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.358753, "energy": 20.965284, "activity_lines": [ 202.970874, 203.988196, 200.875297, 197.032964 ] }, { "date": "2026-03-06", "close": 194.87027, "volume": 120631, "typical_volume": 138565.6, "trend": 192.888472, "fair_value": 138.50744, "relative_strength": -5.361009, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.457807, "energy": 17.411717, "activity_lines": [ 199.607115, 202.48229, 200.744408, 197.164122 ] }, { "date": "2026-03-13", "close": 201.765671, "volume": 223183, "typical_volume": 149048.25, "trend": 193.334713, "fair_value": 139.11069, "relative_strength": 0.426219, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.052733, "energy": 17.080581, "activity_lines": [ 199.540491, 202.284603, 201.198269, 197.736844 ] }, { "date": "2026-03-20", "close": 194.860275, "volume": 12296, "typical_volume": 145193.95, "trend": 193.804777, "fair_value": 139.663874, "relative_strength": -0.658556, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.347061, "energy": 10.286705, "activity_lines": [ 197.843621, 200.758528, 200.899194, 197.835268 ] }, { "date": "2026-03-27", "close": 201.365936, "volume": 5575, "typical_volume": 143513.45, "trend": 194.258675, "fair_value": 140.27529, "relative_strength": -1.213146, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.940617, "energy": 11.54418, "activity_lines": [ 198.781661, 200.415483, 201.14775, 198.323084 ] }, { "date": "2026-04-03", "close": 204.863617, "volume": 5119, "typical_volume": 142541.0, "trend": 195.011919, "fair_value": 140.895498, "relative_strength": -3.657213, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.606116, "energy": 16.134888, "activity_lines": [ 200.850951, 200.835568, 201.622252, 199.007274 ] }, { "date": "2026-04-10", "close": 199.876923, "volume": 7136, "typical_volume": 142135.3, "trend": 195.482761, "fair_value": 141.480841, "relative_strength": -6.144073, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.905152, "energy": 12.545994, "activity_lines": [ 200.961541, 200.40349, 201.530821, 199.321145 ] }, { "date": "2026-04-17", "close": 202.764999, "volume": 5754, "typical_volume": 142078.3, "trend": 195.983294, "fair_value": 142.102094, "relative_strength": -4.310349, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.452743, "energy": 18.982852, "activity_lines": [ 201.701046, 200.677851, 201.649085, 199.790967 ] }, { "date": "2026-04-24", "close": 199.866943, "volume": 55729, "typical_volume": 144532.2, "trend": 196.487092, "fair_value": 142.658434, "relative_strength": -4.766323, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.242247, "energy": 15.861527, "activity_lines": [ 201.40791, 200.590274, 201.462638, 200.041525 ] }, { "date": "2026-05-01", "close": 199.866943, "volume": 62431, "typical_volume": 146626.0, "trend": 196.858067, "fair_value": 143.249454, "relative_strength": -2.808058, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.285502, "energy": 11.029411, "activity_lines": [ 200.780996, 200.538854, 201.318972, 200.25958 ] }, { "date": "2026-05-08", "close": 203.864273, "volume": 34332, "typical_volume": 145069.4, "trend": 197.628597, "fair_value": 143.874623, "relative_strength": -3.546727, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.370276, "energy": 16.112567, "activity_lines": [ 201.586459, 201.232028, 201.556052, 200.711593 ] }, { "date": "2026-05-15", "close": 202.5, "volume": 27778, "typical_volume": 142650.0, "trend": 198.386608, "fair_value": 144.488379, "relative_strength": -1.583657, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.293982, "energy": 14.928093, "activity_lines": [ 202.003787, 201.614467, 201.625131, 201.025877 ] }, { "date": "2026-05-22", "close": 202.880005, "volume": 4895, "typical_volume": 141816.75, "trend": 199.090707, "fair_value": 145.098829, "relative_strength": -1.905912, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.773947, "energy": 20.492164, "activity_lines": [ 202.372912, 201.927276, 201.708345, 201.315774 ] }, { "date": "2026-05-29", "close": 200.0, "volume": 18583, "typical_volume": 141286.0, "trend": 199.765718, "fair_value": 145.713957, "relative_strength": -3.577633, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.919391, "energy": 15.900271, "activity_lines": [ 201.774367, 201.696187, 201.492884, 201.374438 ] }, { "date": "2026-06-05", "close": 201.960007, "volume": 24, "typical_volume": 139397.05, "trend": 200.535688, "fair_value": 146.34165, "relative_strength": 0.970654, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.738781, "energy": 13.208811, "activity_lines": [ 201.820288, 201.728013, 201.439664, 201.516005 ] }, { "date": "2026-06-12", "close": 201.880005, "volume": 0, "typical_volume": 138355.7, "trend": 201.0733, "fair_value": 146.953659, "relative_strength": -1.688109, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.70745, "energy": 9.371359, "activity_lines": [ 201.700004, 201.734492, 201.409306, 201.602735 ] }, { "date": "2026-06-19", "close": 201.899994, "volume": 0, "typical_volume": 136906.95, "trend": 201.598261, "fair_value": 147.577076, "relative_strength": -1.330101, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.086247, "energy": 3.901708, "activity_lines": [ 201.718668, 201.798852, 201.409336, 201.65607 ] }, { "date": "2026-06-26", "close": 198.0, "volume": 702, "typical_volume": 135313.1, "trend": 201.640363, "fair_value": 148.184457, "relative_strength": -2.514885, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.5517, "energy": 25.049675, "activity_lines": [ 200.477334, 201.11734, 201.075796, 201.423924 ] }, { "date": "2026-07-03", "close": 201.0, "volume": 0, "typical_volume": 40043.2, "trend": 201.378664, "fair_value": 148.819914, "relative_strength": -0.769522, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.311324, "energy": 14.960733, "activity_lines": [ 200.561333, 201.067919, 201.093871, 201.382611 ] }, { "date": "2026-07-10", "close": 200.0, "volume": 48215, "typical_volume": 38780.45, "trend": 201.382766, "fair_value": 149.431805, "relative_strength": -0.2397, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.302484, "energy": 29.842987, "activity_lines": [ 200.245333, 200.816078, 201.020782, 201.293665 ] }, { "date": "2026-07-17", "close": 202.779999, "volume": 4237, "typical_volume": 31831.0, "trend": 201.613113, "fair_value": 150.078672, "relative_strength": 1.11213, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.755692, "energy": 15.270206, "activity_lines": [ 200.986666, 201.067273, 201.216484, 201.383809 ] }, { "date": "2026-07-24", "close": 203.770004, "volume": 5917, "typical_volume": 26095.3, "trend": 201.809837, "fair_value": 150.730698, "relative_strength": 2.06352, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.000136, "energy": 10.16199, "activity_lines": [ 201.998001, 201.518183, 201.495219, 201.522963 ] }, { "date": "2026-07-31", "close": 204.990005, "volume": 278335, "typical_volume": 28852.9, "trend": 202.050893, "fair_value": 151.397669, "relative_strength": 1.952866, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.721215, "energy": 27.141075, "activity_lines": [ 203.291336, 202.16782, 201.847764, 201.728135 ] }, { "date": "2026-08-07", "close": 199.0, "volume": 10416, "typical_volume": 28758.9, "trend": 202.18855, "fair_value": 152.044051, "relative_strength": -0.80234, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.49843, "energy": 13.07891, "activity_lines": [ 202.122002, 201.690001, 201.614478, 201.531303 ] } ], "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." } } }