{ "ticker": { "uuid": "70e6d93b-3767-4fa6-a8be-0de0999ada04", "symbol": "CFR", "name": "Cullen/Frost Bankers 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.472, "architecture_energy": 82.625, "architecture_maturity": 43.636, "architecture_confidence": 81.948, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.69, "rotation_up": 81.45, "upward_expansion": 97.42, "deceleration": 40.89, "rotation_down": 9.95, "downward_expansion": 19.42 }, "activity_lines": [ 164.047333, 159.950727, 152.122498, 147.961959 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 164.5, "trend_reference": 143.611801, "distance_from_trend": 0.145449, "trend_direction": "Improving", "fair_value": 117.450773, "distance_from_fair_value": 0.400587, "fair_value_direction": "Improving", "relative_strength": 8.555392, "relative_strength_direction": "Improving", "price_momentum": 0.138111, "excess_performance": 0.012486, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.145449, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.076508, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.400587, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.180674, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.085554, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.136269, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.138111, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.685797, "read": "Demand-led" } ], "volume": { "latest": 3195361, "relative_activity": 1.15698, "balance": 1.685797, "dry_up": 1.18579, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.041789, "annualized_volatility": 0.188257, "from_high_reference": -0.034001, "from_low_reference": 0.414276 }, "levels": { "trend_reference": 143.611801, "fair_value_reference": 117.450773, "structural_low": 127.674628, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": -0.001191, "positive_rate": 0.458333, "directional_follow_through": 0.458333, "median_excess_return": 0.00215, "regime_survival": 0.625, "best_return": 0.12678, "worst_return": -0.092024, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.025798, "positive_rate": 0.636364, "directional_follow_through": 0.636364, "median_excess_return": -0.017968, "regime_survival": 0.545455, "best_return": 0.283878, "worst_return": -0.096071, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.135226, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.139587, "regime_survival": 0.571429, "best_return": 0.27466, "worst_return": -0.262713, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.107757, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.033074, "regime_survival": 0.5, "best_return": 0.341136, "worst_return": -0.354472, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": 0.018892, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-19", "end": "2024-08-16", "tenure": "Developing", "return": -0.032635, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-23", "end": "2024-12-27", "tenure": "Established", "return": 0.228251, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.036682, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-21", "tenure": "Developing", "return": -0.114419, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-18", "tenure": "New", "return": -0.103038, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.110167, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.053939, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": -0.096188, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2026-01-02", "tenure": "Established", "return": 0.049044, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": 0.012078, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.03435, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.083781, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.172208, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 88.002003, "volume": 1698287, "typical_volume": 2813279.05, "trend": 99.990878, "fair_value": 102.326085, "relative_strength": -26.794516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.426777, "energy": 39.732221, "activity_lines": [ 94.050307, 96.03535, 96.158915, 96.87841 ] }, { "date": "2023-08-25", "close": 86.359395, "volume": 2140132, "typical_volume": 2811813.65, "trend": 99.071072, "fair_value": 102.495785, "relative_strength": -28.252357, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.007496, "energy": 63.177661, "activity_lines": [ 90.754807, 94.095242, 95.277253, 95.998959 ] }, { "date": "2023-09-01", "close": 87.729218, "volume": 2035306, "typical_volume": 2820097.9, "trend": 98.144174, "fair_value": 102.667771, "relative_strength": -28.38379, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.602225, "energy": 69.564961, "activity_lines": [ 89.079957, 92.677273, 94.557105, 95.267227 ] }, { "date": "2023-09-08", "close": 84.943581, "volume": 1520821, "typical_volume": 2776755.95, "trend": 97.05051, "fair_value": 102.846853, "relative_strength": -29.157515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.077313, "energy": 76.491271, "activity_lines": [ 87.056804, 90.866687, 93.604677, 94.415576 ] }, { "date": "2023-09-15", "close": 87.985789, "volume": 2713895, "typical_volume": 2655581.5, "trend": 96.070174, "fair_value": 103.043218, "relative_strength": -25.865412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.078239, "energy": 70.106409, "activity_lines": [ 86.907448, 89.83908, 92.981666, 93.830755 ] }, { "date": "2023-09-22", "close": 82.496986, "volume": 1964246, "typical_volume": 2505226.1, "trend": 94.898532, "fair_value": 103.232762, "relative_strength": -27.657916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.396571, "energy": 73.155881, "activity_lines": [ 85.405111, 87.989202, 91.889438, 92.955066 ] }, { "date": "2023-09-29", "close": 83.578253, "volume": 2013921, "typical_volume": 2433329.0, "trend": 93.717528, "fair_value": 103.416733, "relative_strength": -25.455074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.194437, "energy": 66.926692, "activity_lines": [ 84.630197, 86.626258, 90.945222, 92.224725 ] }, { "date": "2023-10-06", "close": 82.799374, "volume": 2177195, "typical_volume": 2404186.3, "trend": 92.914965, "fair_value": 103.570812, "relative_strength": -25.676346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.702703, "energy": 61.076725, "activity_lines": [ 83.781067, 85.489732, 89.946097, 91.520328 ] }, { "date": "2023-10-13", "close": 82.881844, "volume": 1958961, "typical_volume": 2387739.75, "trend": 92.532756, "fair_value": 103.730399, "relative_strength": -24.979906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.703672, "energy": 63.578141, "activity_lines": [ 83.288082, 84.616082, 88.994905, 90.87303 ] }, { "date": "2023-10-20", "close": 78.895818, "volume": 2104048, "typical_volume": 2403932.85, "trend": 92.160482, "fair_value": 103.845652, "relative_strength": -25.975608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.352301, "energy": 66.401922, "activity_lines": [ 81.603872, 83.289658, 87.720536, 89.993227 ] }, { "date": "2023-10-27", "close": 82.167108, "volume": 4087725, "typical_volume": 2499941.7, "trend": 91.739148, "fair_value": 103.991997, "relative_strength": -19.959066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.419211, "energy": 59.556625, "activity_lines": [ 81.61609, 82.853273, 86.844038, 89.348494 ] }, { "date": "2023-11-03", "close": 88.51726, "volume": 2837728, "typical_volume": 2463396.7, "trend": 91.593687, "fair_value": 104.17618, "relative_strength": -17.442891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.609024, "energy": 35.249345, "activity_lines": [ 83.767017, 83.67755, 86.654552, 89.14063 ] }, { "date": "2023-11-10", "close": 85.209316, "volume": 1773080, "typical_volume": 2442808.9, "trend": 91.278561, "fair_value": 104.285136, "relative_strength": -20.750935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.145655, "energy": 29.172862, "activity_lines": [ 84.486028, 83.861148, 86.211269, 88.728735 ] }, { "date": "2023-11-17", "close": 90.908875, "volume": 1957007, "typical_volume": 2429582.45, "trend": 91.199621, "fair_value": 104.417745, "relative_strength": -16.509501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.664465, "energy": 19.187009, "activity_lines": [ 86.94423, 85.126847, 86.352622, 88.704884 ] }, { "date": "2023-11-24", "close": 90.716446, "volume": 1187116, "typical_volume": 2418638.8, "trend": 90.915963, "fair_value": 104.523897, "relative_strength": -16.630106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.521607, "energy": 20.596688, "activity_lines": [ 88.803154, 86.249098, 86.507441, 88.673712 ] }, { "date": "2023-12-01", "close": 94.478472, "volume": 1807285, "typical_volume": 2411386.5, "trend": 91.00011, "fair_value": 104.65531, "relative_strength": -13.122712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.85324, "energy": 30.395414, "activity_lines": [ 91.128044, 88.005706, 87.05356, 88.903551 ] }, { "date": "2023-12-08", "close": 94.86693, "volume": 1761116, "typical_volume": 2374329.85, "trend": 91.241507, "fair_value": 104.788558, "relative_strength": -12.189536, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.555527, "energy": 36.949983, "activity_lines": [ 92.761663, 89.615098, 87.655662, 89.153023 ] }, { "date": "2023-12-15", "close": 99.667158, "volume": 2975260, "typical_volume": 2254790.0, "trend": 91.52321, "fair_value": 104.957544, "relative_strength": -9.274318, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.573067, "energy": 57.311129, "activity_lines": [ 95.572046, 91.892009, 88.757562, 89.696614 ] }, { "date": "2023-12-22", "close": 99.500676, "volume": 1864574, "typical_volume": 2112842.7, "trend": 91.682062, "fair_value": 105.11793, "relative_strength": -9.491599, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.473907, "energy": 62.419785, "activity_lines": [ 97.363079, 93.831965, 89.828206, 90.211289 ] }, { "date": "2023-12-29", "close": 100.342334, "volume": 1133812, "typical_volume": 2085575.75, "trend": 91.792715, "fair_value": 105.285077, "relative_strength": -8.236874, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.965917, "energy": 65.553254, "activity_lines": [ 98.861879, 95.622788, 90.971096, 90.770016 ] }, { "date": "2024-01-05", "close": 99.482178, "volume": 1385874, "typical_volume": 2069955.1, "trend": 91.79423, "fair_value": 105.408014, "relative_strength": -6.787418, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.930873, "energy": 60.046151, "activity_lines": [ 99.432233, 96.867283, 92.007271, 91.26611 ] }, { "date": "2024-01-12", "close": 96.957203, "volume": 1544317, "typical_volume": 2040164.35, "trend": 91.646843, "fair_value": 105.502323, "relative_strength": -9.996425, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.018989, "energy": 41.518307, "activity_lines": [ 98.827349, 97.337871, 92.748305, 91.599205 ] }, { "date": "2024-01-19", "close": 98.131825, "volume": 1227056, "typical_volume": 1999751.85, "trend": 91.78485, "fair_value": 105.603833, "relative_strength": -9.192921, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.079341, "energy": 43.139711, "activity_lines": [ 98.474654, 97.868574, 93.550741, 92.017591 ] }, { "date": "2024-01-26", "close": 99.287949, "volume": 3086393, "typical_volume": 2078030.45, "trend": 91.841602, "fair_value": 105.736878, "relative_strength": -8.421142, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.682282, "energy": 40.978135, "activity_lines": [ 98.60969, 98.374527, 94.413749, 92.501662 ] }, { "date": "2024-02-02", "close": 96.365267, "volume": 3159756, "typical_volume": 2100323.5, "trend": 91.798814, "fair_value": 105.82821, "relative_strength": -11.680956, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.141121, "energy": 29.655373, "activity_lines": [ 97.784679, 98.196736, 94.930099, 92.793512 ] }, { "date": "2024-02-09", "close": 95.431119, "volume": 1800928, "typical_volume": 2092157.6, "trend": 91.697662, "fair_value": 105.889977, "relative_strength": -12.954366, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.202483, "energy": 25.145338, "activity_lines": [ 96.913424, 97.746394, 95.317581, 93.027854 ] }, { "date": "2024-02-16", "close": 100.416326, "volume": 3101436, "typical_volume": 2146533.35, "trend": 91.584204, "fair_value": 105.967546, "relative_strength": -7.350876, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.938901, "energy": 30.729736, "activity_lines": [ 97.973975, 98.185133, 96.118253, 93.590348 ] }, { "date": "2024-02-23", "close": 99.287949, "volume": 1222277, "typical_volume": 2098787.45, "trend": 91.679375, "fair_value": 106.030376, "relative_strength": -9.043159, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.75581, "energy": 31.258532, "activity_lines": [ 98.427793, 98.317814, 96.731279, 94.087364 ] }, { "date": "2024-03-01", "close": 100.330856, "volume": 1770255, "typical_volume": 2089352.15, "trend": 91.76242, "fair_value": 106.064945, "relative_strength": -8.134739, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.364156, "energy": 36.818188, "activity_lines": [ 99.152171, 98.647009, 97.365112, 94.645524 ] }, { "date": "2024-03-08", "close": 101.170445, "volume": 3111251, "typical_volume": 2139712.3, "trend": 91.963598, "fair_value": 106.069567, "relative_strength": -6.456258, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.287603, "energy": 41.456674, "activity_lines": [ 100.086884, 99.113762, 97.995816, 95.252494 ] }, { "date": "2024-03-15", "close": 98.903555, "volume": 2097069, "typical_volume": 2040179.5, "trend": 92.326984, "fair_value": 106.059547, "relative_strength": -8.070438, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.464684, "energy": 37.449736, "activity_lines": [ 99.945623, 99.153298, 98.304556, 95.700233 ] }, { "date": "2024-03-22", "close": 99.295363, "volume": 1466717, "typical_volume": 1971628.95, "trend": 92.758182, "fair_value": 106.079292, "relative_strength": -9.387908, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.756943, "energy": 33.835395, "activity_lines": [ 99.703469, 99.274591, 98.570914, 96.149806 ] }, { "date": "2024-03-29", "close": 105.013896, "volume": 1152503, "typical_volume": 1940600.1, "trend": 93.334338, "fair_value": 106.147562, "relative_strength": -4.210658, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.37346, "energy": 44.093973, "activity_lines": [ 101.442223, 100.393106, 99.33057, 96.940497 ] }, { "date": "2024-04-05", "close": 102.998883, "volume": 1453150, "typical_volume": 1915407.25, "trend": 93.936182, "fair_value": 106.201487, "relative_strength": -4.931981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.634519, "energy": 40.870152, "activity_lines": [ 102.127576, 101.020126, 99.804012, 97.564016 ] }, { "date": "2024-04-12", "close": 100.759979, "volume": 1806737, "typical_volume": 1946388.3, "trend": 94.361988, "fair_value": 106.217543, "relative_strength": -5.308222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.103326, "energy": 36.175157, "activity_lines": [ 101.88876, 101.172601, 100.006653, 98.004261 ] }, { "date": "2024-04-19", "close": 104.062362, "volume": 1833071, "typical_volume": 1947677.6, "trend": 95.080834, "fair_value": 106.249714, "relative_strength": 1.075388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.86416, "energy": 45.665995, "activity_lines": [ 102.778102, 101.845605, 100.475981, 98.630091 ] }, { "date": "2024-04-26", "close": 99.892404, "volume": 3005531, "typical_volume": 2009898.35, "trend": 95.624639, "fair_value": 106.230373, "relative_strength": -5.07614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.655035, "energy": 29.059381, "activity_lines": [ 101.933538, 101.603504, 100.502533, 98.940515 ] }, { "date": "2024-05-03", "close": 98.819596, "volume": 2424657, "typical_volume": 1982368.2, "trend": 96.158646, "fair_value": 106.185474, "relative_strength": -6.366656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.848617, "energy": 16.501937, "activity_lines": [ 100.691568, 101.175872, 100.402982, 99.146642 ] }, { "date": "2024-05-10", "close": 100.638705, "volume": 1508250, "typical_volume": 1964552.0, "trend": 96.750542, "fair_value": 106.147016, "relative_strength": -6.192449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.673626, "energy": 14.744608, "activity_lines": [ 100.468922, 101.087504, 100.480715, 99.435678 ] }, { "date": "2024-05-17", "close": 98.49309, "volume": 1475607, "typical_volume": 1981641.75, "trend": 97.403784, "fair_value": 106.103211, "relative_strength": -9.388968, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.01584, "energy": 14.244265, "activity_lines": [ 99.688415, 100.603426, 100.348684, 99.5481 ] }, { "date": "2024-05-24", "close": 95.442584, "volume": 1788526, "typical_volume": 2001774.35, "trend": 97.8463, "fair_value": 106.047815, "relative_strength": -11.792443, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.145309, "energy": 14.704122, "activity_lines": [ 98.042199, 99.613389, 99.934935, 99.421571 ] }, { "date": "2024-05-31", "close": 95.61983, "volume": 1354323, "typical_volume": 1992274.65, "trend": 98.083052, "fair_value": 105.988747, "relative_strength": -10.873175, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.165734, "energy": 28.792015, "activity_lines": [ 97.029717, 98.718506, 99.557303, 99.277928 ] }, { "date": "2024-06-07", "close": 94.791464, "volume": 1728650, "typical_volume": 2017354.35, "trend": 98.402457, "fair_value": 105.953663, "relative_strength": -12.269853, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.945182, "energy": 42.691137, "activity_lines": [ 96.025952, 97.739839, 99.107147, 99.065567 ] }, { "date": "2024-06-14", "close": 89.454149, "volume": 2256649, "typical_volume": 1975867.15, "trend": 98.353966, "fair_value": 105.933118, "relative_strength": -18.014483, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.368732, "energy": 65.296277, "activity_lines": [ 93.511623, 95.976614, 98.164582, 98.488257 ] }, { "date": "2024-06-21", "close": 92.598176, "volume": 1810599, "typical_volume": 1908409.3, "trend": 98.416691, "fair_value": 105.889004, "relative_strength": -15.271355, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.679157, "energy": 68.84996, "activity_lines": [ 92.790941, 95.031297, 97.568276, 98.116916 ] }, { "date": "2024-06-28", "close": 95.666897, "volume": 2038274, "typical_volume": 1920276.6, "trend": 98.456305, "fair_value": 105.884461, "relative_strength": -12.016755, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.812395, "energy": 60.428713, "activity_lines": [ 93.48616, 94.792327, 97.282168, 97.93951 ] }, { "date": "2024-07-05", "close": 92.005141, "volume": 2104621, "typical_volume": 1870435.85, "trend": 98.360912, "fair_value": 105.875072, "relative_strength": -16.492522, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.563039, "energy": 58.371335, "activity_lines": [ 92.945839, 94.040227, 96.646198, 97.523305 ] }, { "date": "2024-07-12", "close": 97.474241, "volume": 2448894, "typical_volume": 1931766.7, "trend": 98.287815, "fair_value": 105.918263, "relative_strength": -11.963142, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.995749, "energy": 25.580888, "activity_lines": [ 94.469531, 94.425914, 96.571148, 97.466101 ] }, { "date": "2024-07-19", "close": 107.009867, "volume": 4821129, "typical_volume": 2084310.4, "trend": 98.538121, "fair_value": 106.030153, "relative_strength": -1.049381, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.309711, "energy": 21.568315, "activity_lines": [ 98.992913, 96.569812, 97.412889, 98.028814 ] }, { "date": "2024-07-26", "close": 112.714299, "volume": 3852724, "typical_volume": 2121384.05, "trend": 98.95052, "fair_value": 106.159484, "relative_strength": 5.168232, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.503169, "energy": 47.201774, "activity_lines": [ 104.247391, 99.63504, 98.766105, 98.943406 ] }, { "date": "2024-08-02", "close": 102.519745, "volume": 2969328, "typical_volume": 2164997.0, "trend": 99.051772, "fair_value": 106.177147, "relative_strength": -1.98826, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 48.589214, "energy": 45.931076, "activity_lines": [ 104.76261, 100.588146, 99.093441, 99.173679 ] }, { "date": "2024-08-09", "close": 99.460438, "volume": 2799226, "typical_volume": 2231622.45, "trend": 99.135213, "fair_value": 106.170943, "relative_strength": -4.650069, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.87789, "energy": 40.306121, "activity_lines": [ 103.801203, 100.856338, 99.112193, 99.200044 ] }, { "date": "2024-08-16", "close": 103.51755, "volume": 1665272, "typical_volume": 2257260.9, "trend": 99.314738, "fair_value": 106.204066, "relative_strength": -4.411408, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.958492, "energy": 47.374239, "activity_lines": [ 103.695147, 101.792357, 99.516552, 99.482776 ] }, { "date": "2024-08-23", "close": 105.230762, "volume": 1690095, "typical_volume": 2269108.15, "trend": 99.512831, "fair_value": 106.23673, "relative_strength": -4.069344, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.327208, "energy": 30.723175, "activity_lines": [ 103.757274, 102.881214, 100.091199, 99.864455 ] }, { "date": "2024-08-30", "close": 106.539205, "volume": 1408224, "typical_volume": 2249182.5, "trend": 99.851963, "fair_value": 106.286049, "relative_strength": -3.065584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.684397, "energy": 32.994197, "activity_lines": [ 104.374156, 103.921122, 100.779831, 100.317769 ] }, { "date": "2024-09-06", "close": 101.308598, "volume": 1487511, "typical_volume": 2231904.5, "trend": 100.047878, "fair_value": 106.318419, "relative_strength": -3.791079, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.100345, "energy": 24.835739, "activity_lines": [ 103.659176, 103.756537, 100.94279, 100.411746 ] }, { "date": "2024-09-13", "close": 103.862197, "volume": 1736189, "typical_volume": 2168437.4, "trend": 100.162741, "fair_value": 106.365099, "relative_strength": -5.018318, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.693113, "energy": 24.239983, "activity_lines": [ 103.876138, 103.953667, 101.362063, 100.657831 ] }, { "date": "2024-09-20", "close": 108.447284, "volume": 3616035, "typical_volume": 2228006.3, "trend": 100.468052, "fair_value": 106.403057, "relative_strength": -2.181716, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.847622, "energy": 34.350009, "activity_lines": [ 105.328012, 104.768866, 102.199106, 101.192317 ] }, { "date": "2024-09-27", "close": 105.551939, "volume": 1949337, "typical_volume": 2250060.65, "trend": 100.642088, "fair_value": 106.400033, "relative_strength": -5.203945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.572336, "energy": 28.812792, "activity_lines": [ 105.486122, 104.858128, 102.714557, 101.52031 ] }, { "date": "2024-10-04", "close": 107.573934, "volume": 1703707, "typical_volume": 2261465.65, "trend": 100.855538, "fair_value": 106.405742, "relative_strength": -3.569961, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.216308, "energy": 39.294722, "activity_lines": [ 106.296818, 105.341534, 103.399181, 101.967526 ] }, { "date": "2024-10-11", "close": 112.776063, "volume": 2196958, "typical_volume": 2281887.25, "trend": 101.317955, "fair_value": 106.440625, "relative_strength": -0.056948, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.233138, "energy": 57.335869, "activity_lines": [ 108.772576, 106.864243, 104.536005, 102.736592 ] }, { "date": "2024-10-18", "close": 117.332671, "volume": 1897555, "typical_volume": 2309048.85, "trend": 101.919198, "fair_value": 106.462152, "relative_strength": 2.979632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.705859, "energy": 72.324014, "activity_lines": [ 112.002705, 109.028947, 106.024251, 103.769799 ] }, { "date": "2024-10-25", "close": 120.958972, "volume": 2970525, "typical_volume": 2371142.6, "trend": 102.450701, "fair_value": 106.516996, "relative_strength": 7.11534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.964607, "energy": 83.868367, "activity_lines": [ 115.543569, 111.528029, 107.754464, 104.998172 ] }, { "date": "2024-11-01", "close": 119.59199, "volume": 3808003, "typical_volume": 2448710.3, "trend": 103.003804, "fair_value": 106.531919, "relative_strength": 7.356364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.420915, "energy": 84.408371, "activity_lines": [ 117.794661, 113.461452, 109.229882, 106.104062 ] }, { "date": "2024-11-08", "close": 132.11317, "volume": 3534287, "typical_volume": 2534894.7, "trend": 104.048911, "fair_value": 106.639902, "relative_strength": 12.937169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.7235, "energy": 92.706212, "activity_lines": [ 123.283475, 117.410341, 111.754279, 107.982085 ] }, { "date": "2024-11-15", "close": 132.2081, "volume": 2282309, "typical_volume": 2547096.45, "trend": 104.987102, "fair_value": 106.753558, "relative_strength": 15.177239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.668176, "energy": 92.216652, "activity_lines": [ 127.167984, 120.911508, 114.099551, 109.798807 ] }, { "date": "2024-11-22", "close": 135.103445, "volume": 1776739, "typical_volume": 2530702.35, "trend": 106.160803, "fair_value": 106.894732, "relative_strength": 15.488135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.404352, "energy": 91.774835, "activity_lines": [ 130.722139, 124.377292, 116.546564, 111.741797 ] }, { "date": "2024-11-29", "close": 134.391475, "volume": 1281624, "typical_volume": 2472338.85, "trend": 107.346533, "fair_value": 107.055922, "relative_strength": 13.376865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.012804, "energy": 87.699613, "activity_lines": [ 132.854252, 127.145604, 118.72054, 113.563131 ] }, { "date": "2024-12-06", "close": 132.136007, "volume": 1232686, "typical_volume": 2292916.7, "trend": 108.396443, "fair_value": 107.182732, "relative_strength": 10.418078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.359187, "energy": 79.918634, "activity_lines": [ 133.339043, 129.032119, 120.503914, 115.162452 ] }, { "date": "2024-12-13", "close": 131.696382, "volume": 1351009, "typical_volume": 2167830.95, "trend": 109.503219, "fair_value": 107.328492, "relative_strength": 10.667552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.183695, "energy": 63.781388, "activity_lines": [ 132.841024, 130.355355, 122.12577, 116.665673 ] }, { "date": "2024-12-20", "close": 126.984748, "volume": 2763782, "typical_volume": 2157553.65, "trend": 110.554625, "fair_value": 107.440301, "relative_strength": 8.682644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.941793, "energy": 52.929812, "activity_lines": [ 130.800246, 130.383341, 123.208508, 117.793514 ] }, { "date": "2024-12-27", "close": 129.249773, "volume": 805383, "typical_volume": 2057861.5, "trend": 111.675623, "fair_value": 107.563327, "relative_strength": 9.867153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.495935, "energy": 41.144294, "activity_lines": [ 129.862699, 130.564809, 124.390463, 118.999653 ] }, { "date": "2025-01-03", "close": 128.446979, "volume": 899376, "typical_volume": 2019566.7, "trend": 112.797473, "fair_value": 107.628044, "relative_strength": 9.73145, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.470422, "energy": 34.533826, "activity_lines": [ 129.0478, 130.383641, 125.354107, 120.081676 ] }, { "date": "2025-01-10", "close": 126.736264, "volume": 1563027, "typical_volume": 2013213.3, "trend": 114.04021, "fair_value": 107.639881, "relative_strength": 10.275352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.892633, "energy": 27.305142, "activity_lines": [ 128.058962, 129.755287, 126.036115, 120.980952 ] }, { "date": "2025-01-17", "close": 136.847641, "volume": 2179070, "typical_volume": 2051755.6, "trend": 115.515193, "fair_value": 107.779994, "relative_strength": 15.410427, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.181271, "energy": 39.811088, "activity_lines": [ 130.800566, 130.83547, 127.578704, 122.4524 ] }, { "date": "2025-01-24", "close": 133.158613, "volume": 2360232, "typical_volume": 2095391.65, "trend": 116.764916, "fair_value": 107.848332, "relative_strength": 10.244375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.039571, "energy": 41.077865, "activity_lines": [ 131.969077, 131.15884, 128.62563, 123.590685 ] }, { "date": "2025-01-31", "close": 133.225512, "volume": 3057177, "typical_volume": 2161441.05, "trend": 118.138929, "fair_value": 107.91044, "relative_strength": 11.169305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.574656, "energy": 42.538936, "activity_lines": [ 132.748296, 131.477091, 129.527262, 124.652659 ] }, { "date": "2025-02-07", "close": 134.37236, "volume": 1831692, "typical_volume": 2072223.9, "trend": 119.368866, "fair_value": 107.958243, "relative_strength": 11.988917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.652232, "energy": 51.209749, "activity_lines": [ 133.644749, 132.038003, 130.398291, 125.699977 ] }, { "date": "2025-02-14", "close": 137.382837, "volume": 2314821, "typical_volume": 2090498.1, "trend": 120.381298, "fair_value": 108.045938, "relative_strength": 12.585433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.073727, "energy": 59.15126, "activity_lines": [ 135.149669, 133.146623, 131.43258, 126.862168 ] }, { "date": "2025-02-21", "close": 134.133434, "volume": 1685297, "typical_volume": 2089577.6, "trend": 121.09527, "fair_value": 108.117336, "relative_strength": 11.437045, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.218677, "energy": 44.786616, "activity_lines": [ 134.861682, 133.569046, 132.005827, 127.749403 ] }, { "date": "2025-02-28", "close": 131.868409, "volume": 1948217, "typical_volume": 2077140.55, "trend": 122.073558, "fair_value": 108.2015, "relative_strength": 10.365623, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.085663, "energy": 38.023094, "activity_lines": [ 133.999635, 133.535335, 132.236883, 128.444444 ] }, { "date": "2025-03-07", "close": 124.265983, "volume": 1853027, "typical_volume": 2074914.15, "trend": 122.90041, "fair_value": 108.221741, "relative_strength": 7.141247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.541341, "energy": 12.490656, "activity_lines": [ 130.689459, 132.030572, 131.652982, 128.585891 ] }, { "date": "2025-03-14", "close": 118.001199, "volume": 2831307, "typical_volume": 2067953.25, "trend": 123.383198, "fair_value": 108.187083, "relative_strength": 3.972716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -12.593478, "energy": 21.65986, "activity_lines": [ 125.888324, 129.477371, 130.43942, 128.269813 ] }, { "date": "2025-03-21", "close": 117.981952, "volume": 3658235, "typical_volume": 2060464.85, "trend": 123.808238, "fair_value": 108.12299, "relative_strength": 3.269421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -33.467579, "energy": 38.830978, "activity_lines": [ 122.172184, 127.110594, 129.238109, 127.921345 ] }, { "date": "2025-03-28", "close": 119.733397, "volume": 2136966, "typical_volume": 1990598.8, "trend": 124.248044, "fair_value": 108.105624, "relative_strength": 6.248965, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.510438, "energy": 49.196779, "activity_lines": [ 120.333251, 125.221431, 128.211269, 127.658452 ] }, { "date": "2025-04-04", "close": 102.89258, "volume": 3287820, "typical_volume": 2040874.35, "trend": 124.300844, "fair_value": 107.977604, "relative_strength": 0.385292, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -62.029535, "energy": 76.167442, "activity_lines": [ 113.840715, 120.581469, 125.639493, 126.280681 ] }, { "date": "2025-04-11", "close": 103.67207, "volume": 3663651, "typical_volume": 2135219.95, "trend": 124.294506, "fair_value": 107.857112, "relative_strength": -4.232705, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.061743, "energy": 76.117096, "activity_lines": [ 109.539731, 116.633524, 123.281553, 124.949792 ] }, { "date": "2025-04-18", "close": 107.396296, "volume": 1974430, "typical_volume": 2169860.25, "trend": 124.259473, "fair_value": 107.767976, "relative_strength": 0.710826, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.216597, "energy": 82.269017, "activity_lines": [ 107.853083, 113.900047, 121.427973, 123.859585 ] }, { "date": "2025-04-25", "close": 110.937679, "volume": 1642456, "typical_volume": 2190348.75, "trend": 124.438998, "fair_value": 107.734848, "relative_strength": -0.568998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.150702, "energy": 77.22239, "activity_lines": [ 108.05389, 112.300931, 120.040217, 123.000114 ] }, { "date": "2025-05-02", "close": 120.512887, "volume": 2895363, "typical_volume": 2267566.45, "trend": 124.870296, "fair_value": 107.767768, "relative_strength": 4.772788, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.160992, "energy": 46.054977, "activity_lines": [ 111.916051, 112.923583, 119.665329, 122.746817 ] }, { "date": "2025-05-09", "close": 120.127954, "volume": 1641854, "typical_volume": 2211470.05, "trend": 125.115359, "fair_value": 107.836084, "relative_strength": 4.715434, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.524448, "energy": 26.532432, "activity_lines": [ 115.597934, 113.723894, 119.307036, 122.440859 ] }, { "date": "2025-05-16", "close": 126.200271, "volume": 1433344, "typical_volume": 2242868.1, "trend": 125.410946, "fair_value": 107.984733, "relative_strength": 4.243816, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.004758, "energy": 22.838554, "activity_lines": [ 120.154899, 115.841725, 119.55971, 122.510853 ] }, { "date": "2025-05-23", "close": 121.638816, "volume": 1705896, "typical_volume": 2283194.1, "trend": 125.433607, "fair_value": 108.054014, "relative_strength": 2.827328, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.605754, "energy": 26.462179, "activity_lines": [ 121.689499, 117.095032, 119.392482, 122.26749 ] }, { "date": "2025-05-30", "close": 123.159301, "volume": 1606332, "typical_volume": 2285359.35, "trend": 125.552518, "fair_value": 108.131344, "relative_strength": 2.053257, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.519648, "energy": 22.810788, "activity_lines": [ 122.781425, 118.558652, 119.402481, 122.120761 ] }, { "date": "2025-06-06", "close": 125.331901, "volume": 1706237, "typical_volume": 2261717.7, "trend": 125.326476, "fair_value": 108.274047, "relative_strength": 1.881937, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.852073, "energy": 17.262656, "activity_lines": [ 123.782777, 120.323157, 119.636428, 122.106527 ] }, { "date": "2025-06-13", "close": 120.133178, "volume": 1381485, "typical_volume": 2212780.35, "trend": 124.923978, "fair_value": 108.379632, "relative_strength": -2.30814, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.025904, "energy": 12.906799, "activity_lines": [ 122.729953, 121.040648, 119.430095, 121.771476 ] }, { "date": "2025-06-20", "close": 120.812116, "volume": 1134056, "typical_volume": 2116624.3, "trend": 124.4476, "fair_value": 108.483741, "relative_strength": -1.882218, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.23387, "energy": 9.83508, "activity_lines": [ 121.903094, 121.568117, 119.350449, 121.506195 ] }, { "date": "2025-06-27", "close": 125.050627, "volume": 1828113, "typical_volume": 2116445.35, "trend": 124.136239, "fair_value": 108.616208, "relative_strength": -2.077997, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.118796, "energy": 7.466649, "activity_lines": [ 122.848282, 122.554588, 119.733582, 121.545099 ] }, { "date": "2025-07-04", "close": 132.092181, "volume": 1560950, "typical_volume": 2078751.8, "trend": 124.134778, "fair_value": 108.794096, "relative_strength": 1.304675, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.463728, "energy": 34.677307, "activity_lines": [ 125.913201, 124.500353, 120.831728, 122.058386 ] }, { "date": "2025-07-11", "close": 132.295862, "volume": 1731296, "typical_volume": 2081051.75, "trend": 124.154761, "fair_value": 108.964687, "relative_strength": 1.404829, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.667091, "energy": 53.642039, "activity_lines": [ 128.450488, 126.098524, 121.974466, 122.584908 ] }, { "date": "2025-07-18", "close": 134.565454, "volume": 2007436, "typical_volume": 2084012.7, "trend": 124.407451, "fair_value": 109.124414, "relative_strength": 2.332999, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.085461, "energy": 65.767528, "activity_lines": [ 131.280042, 127.895111, 123.342107, 123.256565 ] }, { "date": "2025-07-25", "close": 130.870093, "volume": 1241942, "typical_volume": 2053458.45, "trend": 124.461462, "fair_value": 109.225308, "relative_strength": -1.926685, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.876379, "energy": 63.130418, "activity_lines": [ 131.915657, 128.757316, 124.344964, 123.67351 ] }, { "date": "2025-08-01", "close": 120.462948, "volume": 2983335, "typical_volume": 2061059.85, "trend": 124.195327, "fair_value": 109.252867, "relative_strength": -7.483944, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.411321, "energy": 26.963551, "activity_lines": [ 128.411692, 127.642406, 124.325218, 123.415541 ] }, { "date": "2025-08-08", "close": 119.57063, "volume": 2435055, "typical_volume": 1999900.85, "trend": 123.956473, "fair_value": 109.24686, "relative_strength": -10.386895, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -6.116686, "energy": 7.145785, "activity_lines": [ 124.916133, 126.386635, 124.208765, 123.117174 ] }, { "date": "2025-08-15", "close": 120.385355, "volume": 2663861, "typical_volume": 2026245.6, "trend": 123.40773, "fair_value": 109.236851, "relative_strength": -10.637876, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.793969, "energy": 20.563714, "activity_lines": [ 122.526919, 125.344246, 124.162341, 122.886779 ] }, { "date": "2025-08-22", "close": 127.029246, "volume": 2291560, "typical_volume": 1976432.6, "trend": 123.203418, "fair_value": 109.307011, "relative_strength": -6.042568, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.926066, "energy": 16.759834, "activity_lines": [ 123.146369, 125.599773, 124.745563, 123.120425 ] }, { "date": "2025-08-29", "close": 126.117529, "volume": 2550188, "typical_volume": 1920759.45, "trend": 122.966485, "fair_value": 109.367681, "relative_strength": -6.714951, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.075604, "energy": 19.107319, "activity_lines": [ 123.964327, 125.564151, 125.127019, 123.308432 ] }, { "date": "2025-09-05", "close": 125.247618, "volume": 1364854, "typical_volume": 1890280.65, "trend": 122.662327, "fair_value": 109.365973, "relative_strength": -7.703171, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.697729, "energy": 9.470261, "activity_lines": [ 124.809152, 125.273901, 125.318743, 123.455602 ] }, { "date": "2025-09-12", "close": 124.61229, "volume": 2116376, "typical_volume": 1913976.65, "trend": 122.236642, "fair_value": 109.377113, "relative_strength": -9.612232, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.913086, "energy": 18.341308, "activity_lines": [ 125.123224, 124.864555, 125.364953, 123.581406 ] }, { "date": "2025-09-19", "close": 124.299513, "volume": 2253225, "typical_volume": 1881869.75, "trend": 121.908845, "fair_value": 109.397927, "relative_strength": -10.891435, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.21642, "energy": 15.260822, "activity_lines": [ 124.996926, 124.534339, 125.316258, 123.714495 ] }, { "date": "2025-09-26", "close": 125.970915, "volume": 1566568, "typical_volume": 1878105.45, "trend": 121.712261, "fair_value": 109.452131, "relative_strength": -9.464876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.641649, "energy": 15.76168, "activity_lines": [ 125.166817, 124.653402, 125.408712, 123.976564 ] }, { "date": "2025-10-03", "close": 123.742379, "volume": 1743245, "typical_volume": 1893600.5, "trend": 121.694808, "fair_value": 109.456441, "relative_strength": -12.007475, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.28574, "energy": 11.402352, "activity_lines": [ 124.664419, 124.523541, 125.261102, 124.107539 ] }, { "date": "2025-10-10", "close": 120.057476, "volume": 1501246, "typical_volume": 1883368.0, "trend": 121.76335, "fair_value": 109.403003, "relative_strength": -12.406279, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.047997, "energy": 6.697541, "activity_lines": [ 123.092064, 123.853293, 124.774252, 124.001905 ] }, { "date": "2025-10-17", "close": 119.734925, "volume": 2575653, "typical_volume": 1931834.05, "trend": 121.821783, "fair_value": 109.361057, "relative_strength": -13.955907, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.291974, "energy": 22.863202, "activity_lines": [ 121.758201, 123.131771, 124.264213, 123.871039 ] }, { "date": "2025-10-24", "close": 122.041655, "volume": 2064642, "typical_volume": 1949754.3, "trend": 121.898725, "fair_value": 109.259091, "relative_strength": -13.716212, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.021529, "energy": 24.189979, "activity_lines": [ 121.518405, 122.826667, 123.99017, 123.885224 ] }, { "date": "2025-10-31", "close": 120.360479, "volume": 2541427, "typical_volume": 2007751.4, "trend": 122.480988, "fair_value": 109.138373, "relative_strength": -15.22782, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.409199, "energy": 38.272832, "activity_lines": [ 120.868741, 122.185781, 123.571682, 123.785982 ] }, { "date": "2025-11-07", "close": 122.892017, "volume": 2854763, "typical_volume": 2093786.75, "trend": 123.121653, "fair_value": 109.095983, "relative_strength": -11.684803, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.39072, "energy": 25.343016, "activity_lines": [ 121.436953, 122.126424, 123.393211, 123.8125 ] }, { "date": "2025-11-14", "close": 120.008605, "volume": 2188444, "typical_volume": 2111803.3, "trend": 123.542063, "fair_value": 109.038528, "relative_strength": -13.480321, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.760288, "energy": 21.557363, "activity_lines": [ 121.100718, 121.601457, 122.930225, 123.611659 ] }, { "date": "2025-11-21", "close": 120.849193, "volume": 2662494, "typical_volume": 2166880.5, "trend": 123.872447, "fair_value": 108.970281, "relative_strength": -10.784552, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.840095, "energy": 28.988212, "activity_lines": [ 121.047937, 121.324578, 122.571304, 123.437925 ] }, { "date": "2025-11-28", "close": 121.904815, "volume": 1424377, "typical_volume": 2151534.55, "trend": 123.918845, "fair_value": 108.941011, "relative_strength": -12.826951, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.544627, "energy": 22.76979, "activity_lines": [ 121.272745, 121.308051, 122.366457, 123.310981 ] }, { "date": "2025-12-05", "close": 124.486375, "volume": 2209466, "typical_volume": 2161636.05, "trend": 124.064125, "fair_value": 108.954367, "relative_strength": -10.957492, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.829621, "energy": 13.390677, "activity_lines": [ 122.367196, 121.804438, 122.456954, 123.347596 ] }, { "date": "2025-12-12", "close": 127.314267, "volume": 2287336, "typical_volume": 2213905.75, "trend": 124.101259, "fair_value": 109.049813, "relative_strength": -8.116369, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.712329, "energy": 10.388697, "activity_lines": [ 124.129218, 122.841979, 122.86477, 123.557282 ] }, { "date": "2025-12-19", "close": 127.127055, "volume": 3094663, "typical_volume": 2219472.15, "trend": 124.2842, "fair_value": 109.10967, "relative_strength": -8.097395, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.10632, "energy": 20.138845, "activity_lines": [ 125.534019, 123.780538, 123.271688, 123.752495 ] }, { "date": "2025-12-26", "close": 126.713217, "volume": 1112509, "typical_volume": 2153344.85, "trend": 124.402664, "fair_value": 109.155642, "relative_strength": -9.375944, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.484524, "energy": 29.246292, "activity_lines": [ 126.326311, 124.515316, 123.60746, 123.909206 ] }, { "date": "2026-01-02", "close": 126.289526, "volume": 1329203, "typical_volume": 2086611.95, "trend": 124.434585, "fair_value": 109.192936, "relative_strength": -8.433569, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.395325, "energy": 32.456373, "activity_lines": [ 126.586438, 125.046181, 123.868867, 124.030939 ] }, { "date": "2026-01-09", "close": 133.787874, "volume": 2606606, "typical_volume": 2102364.25, "trend": 124.889741, "fair_value": 109.264828, "relative_strength": -4.263783, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.841808, "energy": 56.057693, "activity_lines": [ 129.0537, 126.863148, 124.816288, 124.634377 ] }, { "date": "2026-01-16", "close": 136.615766, "volume": 2451759, "typical_volume": 2097442.8, "trend": 125.416529, "fair_value": 109.373761, "relative_strength": -1.578389, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.990754, "energy": 67.431195, "activity_lines": [ 131.843493, 128.950143, 126.000848, 125.390895 ] }, { "date": "2026-01-23", "close": 135.403812, "volume": 2333217, "typical_volume": 2145860.95, "trend": 125.761636, "fair_value": 109.511263, "relative_strength": -1.871291, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.319076, "energy": 74.753746, "activity_lines": [ 133.609201, 130.56726, 127.019992, 126.035235 ] }, { "date": "2026-01-30", "close": 135.797944, "volume": 3885564, "typical_volume": 2234320.35, "trend": 125.885161, "fair_value": 109.641146, "relative_strength": -1.713696, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.471245, "energy": 76.638024, "activity_lines": [ 134.954503, 131.976124, 128.02831, 126.682739 ] }, { "date": "2026-02-06", "close": 144.537805, "volume": 2513800, "typical_volume": 2247349.1, "trend": 126.293226, "fair_value": 109.81284, "relative_strength": 4.988319, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.854768, "energy": 86.587244, "activity_lines": [ 138.607443, 134.702259, 129.815731, 127.886136 ] }, { "date": "2026-02-13", "close": 142.36023, "volume": 2447851, "typical_volume": 2291413.25, "trend": 126.553052, "fair_value": 109.972868, "relative_strength": 4.945862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.148191, "energy": 80.889106, "activity_lines": [ 140.317973, 136.620961, 131.29939, 128.922717 ] }, { "date": "2026-02-20", "close": 143.306145, "volume": 1900075, "typical_volume": 2299254.75, "trend": 126.967587, "fair_value": 110.137355, "relative_strength": 4.651791, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.607859, "energy": 81.327963, "activity_lines": [ 141.772317, 138.38667, 132.795092, 130.003561 ] }, { "date": "2026-02-27", "close": 137.177403, "volume": 3338762, "typical_volume": 2391130.55, "trend": 127.524735, "fair_value": 110.253823, "relative_strength": 0.918515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.882019, "energy": 62.301224, "activity_lines": [ 140.737723, 138.7473, 133.613944, 130.662259 ] }, { "date": "2026-03-06", "close": 134.338976, "volume": 3627246, "typical_volume": 2443710.2, "trend": 128.017013, "fair_value": 110.429866, "relative_strength": 1.012181, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.42856, "energy": 42.174107, "activity_lines": [ 138.638746, 138.409119, 134.080946, 131.101888 ] }, { "date": "2026-03-13", "close": 131.13334, "volume": 3220332, "typical_volume": 2501494.7, "trend": 128.37528, "fair_value": 110.665669, "relative_strength": 0.241608, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.367648, "energy": 22.816055, "activity_lines": [ 135.568489, 137.349444, 134.173106, 131.302941 ] }, { "date": "2026-03-20", "close": 131.252435, "volume": 2843630, "typical_volume": 2516604.85, "trend": 128.516053, "fair_value": 110.929697, "relative_strength": 2.263592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.255483, "energy": 23.795329, "activity_lines": [ 133.431561, 136.223355, 134.233315, 131.488564 ] }, { "date": "2026-03-27", "close": 132.691498, "volume": 2021946, "typical_volume": 2474964.0, "trend": 128.735185, "fair_value": 111.172545, "relative_strength": 5.835061, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.171025, "energy": 22.737508, "activity_lines": [ 132.51484, 135.405011, 134.378711, 131.757947 ] }, { "date": "2026-04-03", "close": 137.524763, "volume": 1951464, "typical_volume": 2463115.0, "trend": 129.144423, "fair_value": 111.458723, "relative_strength": 6.015577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.318287, "energy": 21.068201, "activity_lines": [ 133.916851, 135.536794, 134.937754, 132.325017 ] }, { "date": "2026-04-10", "close": 141.425119, "volume": 2646356, "typical_volume": 2462308.1, "trend": 129.704851, "fair_value": 111.758479, "relative_strength": 5.110665, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.198624, "energy": 28.55821, "activity_lines": [ 136.595823, 136.339169, 135.784849, 133.11732 ] }, { "date": "2026-04-17", "close": 142.248858, "volume": 2328396, "typical_volume": 2507509.05, "trend": 130.303162, "fair_value": 112.072401, "relative_strength": 1.214794, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 60.940755, "energy": 42.941101, "activity_lines": [ 139.076966, 137.189003, 136.612415, 133.926611 ] }, { "date": "2026-04-24", "close": 140.333416, "volume": 2327014, "typical_volume": 2513386.45, "trend": 130.781912, "fair_value": 112.335909, "relative_strength": -0.609851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.031536, "energy": 56.329909, "activity_lines": [ 140.178593, 137.732192, 137.160681, 134.573724 ] }, { "date": "2026-05-01", "close": 139.301261, "volume": 2957674, "typical_volume": 2546903.35, "trend": 131.300542, "fair_value": 112.639416, "relative_strength": -2.052099, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.797495, "energy": 54.49377, "activity_lines": [ 140.33077, 138.124568, 137.535185, 135.123359 ] }, { "date": "2026-05-08", "close": 137.802651, "volume": 2684448, "typical_volume": 2526392.6, "trend": 131.892048, "fair_value": 112.961068, "relative_strength": -5.071514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.066064, "energy": 42.36294, "activity_lines": [ 139.542759, 138.317285, 137.709883, 135.54285 ] }, { "date": "2026-05-15", "close": 133.683955, "volume": 3463209, "typical_volume": 2643927.6, "trend": 132.357015, "fair_value": 113.233298, "relative_strength": -7.79585, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.650652, "energy": 13.907969, "activity_lines": [ 137.363323, 137.74978, 137.441488, 135.658457 ] }, { "date": "2026-05-22", "close": 138.328653, "volume": 2356084, "typical_volume": 2695271.65, "trend": 132.899915, "fair_value": 113.512744, "relative_strength": -5.16974, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.855752, "energy": 15.333766, "activity_lines": [ 137.248198, 138.038675, 137.582251, 136.043724 ] }, { "date": "2026-05-29", "close": 135.52, "volume": 1807149, "typical_volume": 2655298.8, "trend": 133.405232, "fair_value": 113.759521, "relative_strength": -8.135586, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.89354, "energy": 14.541563, "activity_lines": [ 136.458203, 137.686082, 137.398194, 136.212762 ] }, { "date": "2026-06-05", "close": 140.16, "volume": 2382256, "typical_volume": 2651823.65, "trend": 133.980832, "fair_value": 114.020568, "relative_strength": -2.344218, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.745662, "energy": 16.618503, "activity_lines": [ 137.535768, 138.099534, 137.647794, 136.648553 ] }, { "date": "2026-06-12", "close": 148.0, "volume": 3334792, "typical_volume": 2701902.4, "trend": 134.913878, "fair_value": 114.319421, "relative_strength": 2.575009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.873946, "energy": 50.537898, "activity_lines": [ 141.169417, 139.802649, 138.627183, 137.553016 ] }, { "date": "2026-06-19", "close": 145.66, "volume": 3868495, "typical_volume": 2701048.95, "trend": 135.740905, "fair_value": 114.650629, "relative_strength": 0.127087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.389459, "energy": 60.381897, "activity_lines": [ 143.343244, 140.88985, 139.323733, 138.246314 ] }, { "date": "2026-06-26", "close": 155.31, "volume": 3278113, "typical_volume": 2739264.6, "trend": 136.854411, "fair_value": 115.020659, "relative_strength": 9.279792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.66094, "energy": 81.498906, "activity_lines": [ 147.935333, 143.6546, 140.892369, 139.508836 ] }, { "date": "2026-07-03", "close": 154.86, "volume": 1933043, "typical_volume": 2713524.2, "trend": 137.866866, "fair_value": 115.387396, "relative_strength": 6.712415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.893367, "energy": 84.676399, "activity_lines": [ 151.245333, 146.100055, 142.366852, 140.670487 ] }, { "date": "2026-07-10", "close": 156.86, "volume": 2796094, "typical_volume": 2758325.15, "trend": 138.851723, "fair_value": 115.761719, "relative_strength": 6.705175, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.241454, "energy": 87.839556, "activity_lines": [ 153.932667, 148.645028, 143.972287, 141.89585 ] }, { "date": "2026-07-17", "close": 161.65, "volume": 2121295, "typical_volume": 2697451.8, "trend": 140.002488, "fair_value": 116.132424, "relative_strength": 11.681004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.491325, "energy": 92.116039, "activity_lines": [ 157.103333, 151.741659, 145.969372, 143.366707 ] }, { "date": "2026-07-24", "close": 164.23, "volume": 3958019, "typical_volume": 2713990.45, "trend": 141.253048, "fair_value": 116.567021, "relative_strength": 13.968998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.914169, "energy": 92.023007, "activity_lines": [ 160.224, 154.873794, 148.095634, 144.929772 ] }, { "date": "2026-07-31", "close": 166.34, "volume": 3825050, "typical_volume": 2744226.35, "trend": 142.588063, "fair_value": 117.006127, "relative_strength": 13.880995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.564104, "energy": 91.002563, "activity_lines": [ 162.81, 157.834182, 150.28051, 146.548285 ] }, { "date": "2026-08-07", "close": 164.5, "volume": 3195361, "typical_volume": 2761812.9, "trend": 143.611801, "fair_value": 117.450773, "relative_strength": 8.555392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.471795, "energy": 82.624722, "activity_lines": [ 164.047333, 159.950727, 152.122498, 147.961959 ] } ], "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." } } }