{ "ticker": { "uuid": "73276355-7d1d-470b-a916-822b0c1c9084", "symbol": "VEND", "name": "VEND MARKETPLACES ASA", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 85.893, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -38.072, "architecture_energy": 21.788, "architecture_maturity": 20.145, "architecture_confidence": 92.652, "architecture_tenure": "Developing", "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": 42.63, "rotation_up": 21.18, "upward_expansion": 3.84, "deceleration": 45.95, "rotation_down": 40.68, "downward_expansion": 70.17 }, "activity_lines": [ 238.613334, 239.167272, 241.276072, 242.479877 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Stable", "price_acceptance": -0.166667 }, "latest_close": 246.0, "trend_reference": 246.447192, "distance_from_trend": -0.001815, "trend_direction": "Weakening", "fair_value": 265.880837, "distance_from_fair_value": -0.074773, "fair_value_direction": "Weakening", "relative_strength": -22.01536, "relative_strength_direction": "Improving", "price_momentum": -0.048132, "excess_performance": -0.173126, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.001815, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.056147, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.074773, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.032193, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.220154, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.084692, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.048132, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.031917, "read": "Demand-led" } ], "volume": { "latest": 1958530, "relative_activity": 0.818964, "balance": 1.031917, "dry_up": 1.141779, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.062789, "annualized_volatility": 0.393918, "from_high_reference": -0.369127, "from_low_reference": 0.113072 }, "levels": { "trend_reference": 246.447192, "fair_value_reference": 265.880837, "structural_low": 221.010043, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.012746, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.012966, "regime_survival": 0.5, "best_return": 0.075792, "worst_return": -0.128418, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.027943, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.100856, "regime_survival": 0.333333, "best_return": 0.208791, "worst_return": 0.010915, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.209642, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.196303, "regime_survival": 0.0, "best_return": 0.242568, "worst_return": 0.176715, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.169918, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.194787, "regime_survival": 0.0, "best_return": 0.169918, "worst_return": 0.169918, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-24", "end": "2024-05-03", "tenure": "Established", "return": 0.26439, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.008615, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-09", "tenure": "Developing", "return": 0.213489, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-09-06", "tenure": "New", "return": 0.058336, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-12-27", "tenure": "Established", "return": 0.095395, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": -0.08253, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.060265, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-16", "tenure": "Developing", "return": 0.157113, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": 0.059095, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-09-05", "tenure": "Developing", "return": 0.045909, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": -0.104315, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.154079, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-05-29", "tenure": "Extended", "return": -0.118037, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.028436, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 133.067184, "volume": 420826, "typical_volume": 605865.6, "trend": 128.493738, "fair_value": 174.68547, "relative_strength": 5.801487, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.963746, "energy": 49.585108, "activity_lines": [ 134.408119, 130.535831, 128.390355, 127.393687 ] }, { "date": "2023-08-25", "close": 138.198318, "volume": 397769, "typical_volume": 608626.55, "trend": 128.434413, "fair_value": 174.063727, "relative_strength": 9.830332, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.234827, "energy": 51.670906, "activity_lines": [ 135.977105, 132.452696, 129.586154, 128.019789 ] }, { "date": "2023-09-01", "close": 141.482224, "volume": 577384, "typical_volume": 608738.55, "trend": 128.223079, "fair_value": 173.545657, "relative_strength": 9.024696, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.736554, "energy": 64.04566, "activity_lines": [ 137.933772, 134.686755, 130.968902, 128.861584 ] }, { "date": "2023-09-08", "close": 135.735352, "volume": 304361, "typical_volume": 588570.4, "trend": 128.014033, "fair_value": 172.916644, "relative_strength": 4.35168, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.015833, "energy": 47.42239, "activity_lines": [ 137.605373, 135.505244, 131.677057, 129.346246 ] }, { "date": "2023-09-15", "close": 131.083145, "volume": 888360, "typical_volume": 593548.15, "trend": 127.672455, "fair_value": 172.212666, "relative_strength": -2.208361, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.241378, "energy": 32.782526, "activity_lines": [ 135.484508, 135.221632, 131.842881, 129.544254 ] }, { "date": "2023-09-22", "close": 154.754745, "volume": 1178245, "typical_volume": 622283.7, "trend": 128.426485, "fair_value": 171.638283, "relative_strength": 14.888729, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.059437, "energy": 54.400745, "activity_lines": [ 141.765008, 139.070288, 134.194729, 131.291498 ] }, { "date": "2023-09-29", "close": 152.702271, "volume": 790616, "typical_volume": 638147.2, "trend": 128.967837, "fair_value": 171.019227, "relative_strength": 13.407652, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.419858, "energy": 62.902729, "activity_lines": [ 145.915513, 141.94869, 136.201893, 132.857678 ] }, { "date": "2023-10-06", "close": 149.828873, "volume": 882751, "typical_volume": 665085.7, "trend": 129.595989, "fair_value": 170.394529, "relative_strength": 14.176651, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.58256, "energy": 63.122692, "activity_lines": [ 148.141288, 143.848142, 137.80476, 134.203551 ] }, { "date": "2023-10-13", "close": 149.007874, "volume": 363708, "typical_volume": 653254.85, "trend": 130.22157, "fair_value": 169.725387, "relative_strength": 7.906036, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.78722, "energy": 69.140935, "activity_lines": [ 149.536954, 145.345808, 139.242777, 135.455931 ] }, { "date": "2023-10-20", "close": 146.408096, "volume": 843813, "typical_volume": 661149.35, "trend": 130.846146, "fair_value": 169.112831, "relative_strength": 8.762469, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.639663, "energy": 54.283306, "activity_lines": [ 149.181192, 146.063542, 140.356311, 136.500223 ] }, { "date": "2023-10-27", "close": 138.745621, "volume": 579759, "typical_volume": 653249.15, "trend": 131.69317, "fair_value": 168.543147, "relative_strength": 3.329165, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.749174, "energy": 32.925668, "activity_lines": [ 145.249609, 145.248781, 140.702947, 137.009866 ] }, { "date": "2023-11-03", "close": 145.450302, "volume": 337501, "typical_volume": 633514.35, "trend": 132.815528, "fair_value": 167.95256, "relative_strength": 6.081769, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.248088, "energy": 23.69124, "activity_lines": [ 144.620194, 145.549808, 141.629156, 137.897423 ] }, { "date": "2023-11-10", "close": 154.207413, "volume": 429732, "typical_volume": 627496.7, "trend": 134.13061, "fair_value": 167.594425, "relative_strength": 12.220572, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.424621, "energy": 32.895239, "activity_lines": [ 147.39328, 147.311183, 143.28154, 139.277545 ] }, { "date": "2023-11-17", "close": 154.891571, "volume": 418078, "typical_volume": 611646.75, "trend": 135.463989, "fair_value": 167.254303, "relative_strength": 11.168305, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.411723, "energy": 35.705637, "activity_lines": [ 150.102517, 148.965583, 144.841403, 140.616962 ] }, { "date": "2023-11-24", "close": 174.595078, "volume": 2431395, "typical_volume": 712561.65, "trend": 137.393292, "fair_value": 166.916979, "relative_strength": 22.768238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.530589, "energy": 70.990038, "activity_lines": [ 158.987343, 153.854144, 148.119458, 143.141548 ] }, { "date": "2023-12-01", "close": 174.321426, "volume": 1050636, "typical_volume": 740485.55, "trend": 139.089984, "fair_value": 166.688631, "relative_strength": 22.936302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.966264, "energy": 80.98451, "activity_lines": [ 165.901819, 157.901825, 151.119293, 145.524008 ] }, { "date": "2023-12-08", "close": 178.836823, "volume": 512483, "typical_volume": 727005.55, "trend": 140.875616, "fair_value": 166.541186, "relative_strength": 26.412977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.078733, "energy": 85.026293, "activity_lines": [ 171.949707, 162.414728, 154.299613, 148.088321 ] }, { "date": "2023-12-15", "close": 198.266678, "volume": 1817196, "typical_volume": 780402.75, "trend": 143.096823, "fair_value": 166.446742, "relative_strength": 38.722705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.626816, "energy": 92.657779, "activity_lines": [ 182.248446, 169.985159, 159.086383, 151.79097 ] }, { "date": "2023-12-22", "close": 186.909821, "volume": 336254, "typical_volume": 755218.3, "trend": 144.898419, "fair_value": 166.290572, "relative_strength": 29.910832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.622426, "energy": 87.546206, "activity_lines": [ 185.824281, 174.61002, 162.494756, 154.617615 ] }, { "date": "2023-12-29", "close": 189.235901, "volume": 181410, "typical_volume": 737113.85, "trend": 146.585988, "fair_value": 166.141646, "relative_strength": 29.438106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.60512, "energy": 84.897593, "activity_lines": [ 188.040926, 178.968678, 165.863707, 157.478098 ] }, { "date": "2024-01-05", "close": 184.583694, "volume": 253602, "typical_volume": 728752.65, "trend": 148.526694, "fair_value": 166.06, "relative_strength": 24.419329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.724346, "energy": 73.842703, "activity_lines": [ 187.730781, 181.702792, 168.54916, 159.929562 ] }, { "date": "2024-01-12", "close": 185.678329, "volume": 275985, "typical_volume": 722663.45, "trend": 150.622474, "fair_value": 166.048401, "relative_strength": 26.166146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.339793, "energy": 56.619688, "activity_lines": [ 187.101363, 183.802512, 171.093547, 162.326442 ] }, { "date": "2024-01-19", "close": 198.540359, "volume": 349784, "typical_volume": 711283.45, "trend": 153.204001, "fair_value": 166.128621, "relative_strength": 36.148789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.016809, "energy": 59.577506, "activity_lines": [ 190.303188, 187.509364, 174.636795, 165.417919 ] }, { "date": "2024-01-26", "close": 206.750153, "volume": 433390, "typical_volume": 717734.9, "trend": 156.040943, "fair_value": 166.273392, "relative_strength": 39.068333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.148257, "energy": 64.312444, "activity_lines": [ 196.223365, 191.902852, 178.690222, 168.872509 ] }, { "date": "2024-02-02", "close": 198.403549, "volume": 535128, "typical_volume": 700073.3, "trend": 158.599665, "fair_value": 166.305888, "relative_strength": 34.977444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.603527, "energy": 59.047011, "activity_lines": [ 198.038652, 193.835893, 181.610568, 171.60558 ] }, { "date": "2024-02-09", "close": 205.245026, "volume": 640957, "typical_volume": 673208.9, "trend": 161.377314, "fair_value": 166.333688, "relative_strength": 41.944721, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.771636, "energy": 65.981168, "activity_lines": [ 201.523255, 196.579957, 184.861911, 174.614959 ] }, { "date": "2024-02-16", "close": 211.676025, "volume": 344790, "typical_volume": 650917.6, "trend": 164.180049, "fair_value": 166.400158, "relative_strength": 42.43321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.675355, "energy": 73.913064, "activity_lines": [ 205.774103, 199.931046, 188.4853, 177.860037 ] }, { "date": "2024-02-23", "close": 204.287216, "volume": 317032, "typical_volume": 622631.65, "trend": 166.458269, "fair_value": 166.441409, "relative_strength": 36.59902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.984216, "energy": 58.853522, "activity_lines": [ 205.828834, 201.341639, 191.124165, 180.447596 ] }, { "date": "2024-03-01", "close": 199.361328, "volume": 288220, "typical_volume": 618857.25, "trend": 168.700001, "fair_value": 166.360797, "relative_strength": 30.794876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.959258, "energy": 52.560315, "activity_lines": [ 203.858479, 201.747152, 193.034573, 182.570374 ] }, { "date": "2024-03-08", "close": 206.886963, "volume": 253708, "typical_volume": 589352.0, "trend": 170.971379, "fair_value": 166.284134, "relative_strength": 34.124093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.212465, "energy": 50.353854, "activity_lines": [ 204.889257, 203.294571, 195.421929, 185.034049 ] }, { "date": "2024-03-15", "close": 212.360184, "volume": 609850, "typical_volume": 590856.55, "trend": 173.614479, "fair_value": 166.311549, "relative_strength": 35.092125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.959147, "energy": 53.745367, "activity_lines": [ 207.178881, 205.516193, 198.04255, 187.704294 ] }, { "date": "2024-03-22", "close": 217.422867, "volume": 681253, "typical_volume": 608044.15, "trend": 176.255297, "fair_value": 166.331384, "relative_strength": 34.434786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.568468, "energy": 55.717879, "activity_lines": [ 210.681722, 208.153276, 200.794786, 190.530642 ] }, { "date": "2024-03-29", "close": 224.811707, "volume": 417795, "typical_volume": 607447.3, "trend": 179.032946, "fair_value": 166.46928, "relative_strength": 36.489114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.562879, "energy": 66.487302, "activity_lines": [ 216.264387, 211.55661, 203.907994, 193.663314 ] }, { "date": "2024-04-05", "close": 232.200546, "volume": 829762, "typical_volume": 628031.5, "trend": 182.248453, "fair_value": 166.535293, "relative_strength": 36.877739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.438499, "energy": 79.748227, "activity_lines": [ 222.941699, 215.825709, 207.38869, 197.093481 ] }, { "date": "2024-04-12", "close": 213.317978, "volume": 990859, "typical_volume": 556004.7, "trend": 184.989614, "fair_value": 166.318428, "relative_strength": 22.343629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.469049, "energy": 53.578442, "activity_lines": [ 221.135541, 216.19888, 208.702909, 199.097967 ] }, { "date": "2024-04-19", "close": 213.454819, "volume": 1212680, "typical_volume": 564106.9, "trend": 186.946283, "fair_value": 166.119475, "relative_strength": 24.39969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.10404, "energy": 47.830729, "activity_lines": [ 218.946262, 216.325759, 209.845765, 200.934432 ] }, { "date": "2024-04-26", "close": 213.044327, "volume": 638701, "typical_volume": 570417.8, "trend": 188.957685, "fair_value": 165.930668, "relative_strength": 20.810171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.052576, "energy": 36.572192, "activity_lines": [ 216.547176, 216.228734, 210.763177, 202.618176 ] }, { "date": "2024-05-03", "close": 220.756332, "volume": 698755, "typical_volume": 514495.75, "trend": 191.321934, "fair_value": 165.773214, "relative_strength": 23.615615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.362222, "energy": 27.216669, "activity_lines": [ 217.010662, 217.509014, 212.252173, 204.669702 ] }, { "date": "2024-05-10", "close": 223.786057, "volume": 1928438, "typical_volume": 594104.95, "trend": 193.81454, "fair_value": 165.774794, "relative_strength": 20.156238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.421894, "energy": 31.420517, "activity_lines": [ 218.754414, 219.040714, 213.922621, 206.764162 ] }, { "date": "2024-05-17", "close": 225.714035, "volume": 899634, "typical_volume": 630016.15, "trend": 196.458071, "fair_value": 165.76989, "relative_strength": 20.472472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.757189, "energy": 37.953042, "activity_lines": [ 221.701791, 220.47887, 215.601085, 208.822194 ] }, { "date": "2024-05-24", "close": 225.300888, "volume": 558898, "typical_volume": 645280.95, "trend": 199.343246, "fair_value": 165.730646, "relative_strength": 18.811245, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.222707, "energy": 38.042164, "activity_lines": [ 223.685049, 221.499598, 217.066495, 210.68302 ] }, { "date": "2024-05-31", "close": 269.410217, "volume": 2719492, "typical_volume": 767456.3, "trend": 203.475244, "fair_value": 165.963019, "relative_strength": 38.904926, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.879938, "energy": 72.576556, "activity_lines": [ 239.581679, 230.304918, 222.538903, 215.20347 ] }, { "date": "2024-06-07", "close": 272.450073, "volume": 866611, "typical_volume": 793297.65, "trend": 207.416666, "fair_value": 166.196036, "relative_strength": 40.393671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.653191, "energy": 85.213474, "activity_lines": [ 252.733868, 238.717715, 227.902098, 219.653459 ] }, { "date": "2024-06-14", "close": 253.640823, "volume": 618342, "typical_volume": 802545.25, "trend": 210.708307, "fair_value": 166.32304, "relative_strength": 32.120577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.473674, "energy": 77.734986, "activity_lines": [ 256.170058, 242.844496, 231.121985, 222.635663 ] }, { "date": "2024-06-21", "close": 276.819946, "volume": 1980368, "typical_volume": 874807.25, "trend": 214.115803, "fair_value": 166.552378, "relative_strength": 40.743942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.169793, "energy": 86.445093, "activity_lines": [ 265.342304, 250.795839, 236.326118, 226.90093 ] }, { "date": "2024-06-28", "close": 284.799652, "volume": 603449, "typical_volume": 872931.85, "trend": 217.798411, "fair_value": 166.742077, "relative_strength": 41.291801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.267943, "energy": 87.752707, "activity_lines": [ 273.767392, 259.043458, 241.916811, 231.461178 ] }, { "date": "2024-07-05", "close": 294.489319, "volume": 524171, "typical_volume": 881900.9, "trend": 221.653494, "fair_value": 166.918516, "relative_strength": 44.383564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.299441, "energy": 83.221695, "activity_lines": [ 281.455784, 267.755655, 248.051499, 236.408979 ] }, { "date": "2024-07-12", "close": 290.309448, "volume": 463497, "typical_volume": 889224.15, "trend": 224.721586, "fair_value": 167.015914, "relative_strength": 38.910706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.914677, "energy": 83.05984, "activity_lines": [ 286.078946, 274.227057, 253.393755, 240.838395 ] }, { "date": "2024-07-19", "close": 277.769897, "volume": 325128, "typical_volume": 891069.55, "trend": 227.750255, "fair_value": 167.029504, "relative_strength": 30.588415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.545239, "energy": 61.903449, "activity_lines": [ 285.331632, 277.153939, 257.132138, 244.260867 ] }, { "date": "2024-07-26", "close": 274.540039, "volume": 309333, "typical_volume": 893850.8, "trend": 230.593727, "fair_value": 167.040376, "relative_strength": 28.507535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.744831, "energy": 54.010752, "activity_lines": [ 281.899094, 278.51205, 260.189541, 247.279563 ] }, { "date": "2024-08-02", "close": 270.740143, "volume": 481136, "typical_volume": 887415.1, "trend": 233.465608, "fair_value": 166.947235, "relative_strength": 27.585079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.671003, "energy": 40.422954, "activity_lines": [ 277.351918, 278.291525, 262.562892, 249.869654 ] }, { "date": "2024-08-09", "close": 273.400055, "volume": 309895, "typical_volume": 868847.2, "trend": 236.389666, "fair_value": 166.909687, "relative_strength": 27.116407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.778679, "energy": 29.91399, "activity_lines": [ 274.62868, 277.728452, 264.911568, 252.44607 ] }, { "date": "2024-08-16", "close": 276.819946, "volume": 379686, "typical_volume": 866941.75, "trend": 238.998985, "fair_value": 166.889779, "relative_strength": 24.709765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.912065, "energy": 26.648397, "activity_lines": [ 274.451357, 277.714635, 267.31939, 255.054475 ] }, { "date": "2024-08-23", "close": 270.360168, "volume": 420498, "typical_volume": 846478.55, "trend": 241.119319, "fair_value": 166.781354, "relative_strength": 21.350432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.970609, "energy": 23.774549, "activity_lines": [ 273.020074, 276.446861, 268.864337, 257.077777 ] }, { "date": "2024-08-30", "close": 289.739471, "volume": 887322, "typical_volume": 841301.7, "trend": 244.16385, "fair_value": 166.874242, "relative_strength": 28.179966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.456043, "energy": 39.442491, "activity_lines": [ 278.542541, 278.398608, 272.073219, 260.214561 ] }, { "date": "2024-09-06", "close": 292.968414, "volume": 618388, "typical_volume": 811587.1, "trend": 247.087963, "fair_value": 166.996393, "relative_strength": 32.91552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.333776, "energy": 43.503599, "activity_lines": [ 284.128027, 280.702535, 275.225708, 263.363243 ] }, { "date": "2024-09-13", "close": 297.072693, "volume": 413144, "typical_volume": 800309.25, "trend": 249.934518, "fair_value": 167.224509, "relative_strength": 30.974354, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.874072, "energy": 52.978538, "activity_lines": [ 289.599721, 283.604172, 278.390444, 266.588064 ] }, { "date": "2024-09-20", "close": 307.431183, "volume": 654099, "typical_volume": 798076.45, "trend": 253.372651, "fair_value": 167.585834, "relative_strength": 33.951115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.938589, "energy": 71.953976, "activity_lines": [ 296.946069, 288.342201, 282.141568, 270.297526 ] }, { "date": "2024-09-27", "close": 307.431183, "volume": 1057020, "typical_volume": 754505.55, "trend": 256.974979, "fair_value": 167.900907, "relative_strength": 32.433365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.922302, "energy": 72.338517, "activity_lines": [ 302.251668, 292.768925, 285.479955, 273.785173 ] }, { "date": "2024-10-04", "close": 296.290955, "volume": 437775, "typical_volume": 731412.6, "trend": 259.955112, "fair_value": 168.165125, "relative_strength": 22.67954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.80476, "energy": 64.193301, "activity_lines": [ 301.372457, 294.630857, 287.359057, 276.321688 ] }, { "date": "2024-10-11", "close": 301.567902, "volume": 514793, "typical_volume": 729207.35, "trend": 262.928703, "fair_value": 168.414348, "relative_strength": 23.528121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.376655, "energy": 52.28051, "activity_lines": [ 301.815463, 297.056762, 289.404645, 279.006384 ] }, { "date": "2024-10-18", "close": 315.248901, "volume": 712286, "typical_volume": 628847.05, "trend": 266.189571, "fair_value": 168.730714, "relative_strength": 29.004431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.564183, "energy": 52.102857, "activity_lines": [ 306.245502, 301.409618, 292.39001, 282.381881 ] }, { "date": "2024-10-25", "close": 327.366333, "volume": 601947, "typical_volume": 615613.85, "trend": 269.608058, "fair_value": 169.195846, "relative_strength": 29.761001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.316761, "energy": 54.843714, "activity_lines": [ 313.502938, 307.204754, 296.311135, 286.328769 ] }, { "date": "2024-11-01", "close": 342.024506, "volume": 4275239, "typical_volume": 798458.7, "trend": 273.268857, "fair_value": 169.729245, "relative_strength": 36.316075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.914681, "energy": 74.442909, "activity_lines": [ 324.317422, 314.745988, 301.366772, 291.000798 ] }, { "date": "2024-11-08", "close": 349.060455, "volume": 685935, "typical_volume": 733737.05, "trend": 277.793606, "fair_value": 170.259782, "relative_strength": 38.84286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.221804, "energy": 87.754535, "activity_lines": [ 335.171, 322.263497, 306.671624, 295.890578 ] }, { "date": "2024-11-15", "close": 336.161255, "volume": 857608, "typical_volume": 746445.0, "trend": 281.883821, "fair_value": 170.68108, "relative_strength": 29.479239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.156463, "energy": 79.5265, "activity_lines": [ 338.206879, 326.357134, 310.403978, 299.656233 ] }, { "date": "2024-11-22", "close": 335.184021, "volume": 1038110, "typical_volume": 772141.95, "trend": 285.955144, "fair_value": 171.300819, "relative_strength": 25.738953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.366895, "energy": 72.116983, "activity_lines": [ 338.610789, 329.487767, 313.798684, 303.094956 ] }, { "date": "2024-11-29", "close": 345.93338, "volume": 982433, "typical_volume": 798088.75, "trend": 290.127712, "fair_value": 172.066552, "relative_strength": 29.62924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.147391, "energy": 60.740622, "activity_lines": [ 341.268811, 333.879897, 318.023354, 306.964519 ] }, { "date": "2024-12-06", "close": 343.197174, "volume": 660720, "typical_volume": 814868.35, "trend": 294.108082, "fair_value": 172.950073, "relative_strength": 27.695431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.816114, "energy": 53.044373, "activity_lines": [ 341.776961, 337.074494, 321.722556, 310.388355 ] }, { "date": "2024-12-13", "close": 344.956177, "volume": 817896, "typical_volume": 840296.5, "trend": 298.082821, "fair_value": 173.892835, "relative_strength": 27.546202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.231171, "energy": 51.621766, "activity_lines": [ 342.793268, 339.938619, 325.277725, 313.668878 ] }, { "date": "2024-12-20", "close": 320.525818, "volume": 973780, "typical_volume": 864928.7, "trend": 301.256985, "fair_value": 174.645588, "relative_strength": 21.294334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.437671, "energy": 35.726419, "activity_lines": [ 335.93974, 337.476039, 326.170877, 315.116813 ] }, { "date": "2024-12-27", "close": 325.411896, "volume": 215680, "typical_volume": 860217.95, "trend": 303.123708, "fair_value": 175.459639, "relative_strength": 19.999681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.530449, "energy": 26.435853, "activity_lines": [ 331.757267, 335.557147, 327.292296, 316.675194 ] }, { "date": "2025-01-03", "close": 324.434692, "volume": 416807, "typical_volume": 862074.0, "trend": 304.856528, "fair_value": 176.290553, "relative_strength": 15.625956, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.489635, "energy": 20.588722, "activity_lines": [ 327.900535, 333.2758, 328.072972, 318.050097 ] }, { "date": "2025-01-10", "close": 324.825562, "volume": 725942, "typical_volume": 877346.2, "trend": 307.229353, "fair_value": 177.216476, "relative_strength": 13.538497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.494316, "energy": 22.106693, "activity_lines": [ 325.607339, 331.118822, 328.664137, 319.338421 ] }, { "date": "2025-01-17", "close": 308.017517, "volume": 1118776, "typical_volume": 888918.9, "trend": 308.269272, "fair_value": 178.093754, "relative_strength": 6.128884, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.765244, "energy": 12.350201, "activity_lines": [ 318.936235, 326.218545, 327.395177, 319.389271 ] }, { "date": "2025-01-24", "close": 317.203308, "volume": 982127, "typical_volume": 907105.85, "trend": 309.349394, "fair_value": 179.148971, "relative_strength": 9.050984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.745507, "energy": 15.894697, "activity_lines": [ 317.789638, 323.734646, 326.914016, 319.96566 ] }, { "date": "2025-01-31", "close": 317.594177, "volume": 1298822, "typical_volume": 951389.75, "trend": 310.119556, "fair_value": 180.174145, "relative_strength": 6.726358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.105298, "energy": 15.867141, "activity_lines": [ 316.994832, 321.666505, 326.354676, 320.497582 ] }, { "date": "2025-02-07", "close": 304.499542, "volume": 1151746, "typical_volume": 976272.1, "trend": 310.592559, "fair_value": 181.241288, "relative_strength": 4.014602, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.200194, "energy": 20.774691, "activity_lines": [ 312.356329, 317.537336, 324.450507, 320.135 ] }, { "date": "2025-02-14", "close": 309.581024, "volume": 801361, "typical_volume": 963489.15, "trend": 311.65293, "fair_value": 182.351282, "relative_strength": 5.114172, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.083205, "energy": 28.6258, "activity_lines": [ 310.740663, 315.085416, 323.044248, 320.06974 ] }, { "date": "2025-02-21", "close": 297.659058, "volume": 2677948, "typical_volume": 1075497.8, "trend": 312.423564, "fair_value": 183.338601, "relative_strength": -0.09802, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.070241, "energy": 38.333737, "activity_lines": [ 306.167312, 311.077068, 320.492327, 319.166909 ] }, { "date": "2025-02-28", "close": 295.118286, "volume": 1313010, "typical_volume": 1115408.65, "trend": 313.236168, "fair_value": 184.262525, "relative_strength": -0.648442, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.858734, "energy": 49.876753, "activity_lines": [ 301.4376, 307.466709, 317.691913, 318.05044 ] }, { "date": "2025-03-07", "close": 271.665192, "volume": 11388342, "typical_volume": 1649211.45, "trend": 313.17834, "fair_value": 185.064374, "relative_strength": -8.801401, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.401772, "energy": 65.939742, "activity_lines": [ 290.362525, 300.054107, 312.688583, 315.368441 ] }, { "date": "2025-03-14", "close": 277.333008, "volume": 1003382, "typical_volume": 1669283.2, "trend": 313.195442, "fair_value": 185.926537, "relative_strength": -7.9185, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.390361, "energy": 78.011567, "activity_lines": [ 284.238654, 294.649229, 308.432587, 313.055839 ] }, { "date": "2025-03-21", "close": 283.978088, "volume": 1137158, "typical_volume": 1512379.15, "trend": 313.649372, "fair_value": 186.910953, "relative_strength": -7.725662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.747674, "energy": 78.771852, "activity_lines": [ 282.140912, 291.308942, 305.04771, 311.170849 ] }, { "date": "2025-03-28", "close": 266.974579, "volume": 1659861, "typical_volume": 1561075.45, "trend": 312.890543, "fair_value": 187.878875, "relative_strength": -12.143092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.32578, "energy": 82.788681, "activity_lines": [ 276.082196, 285.619789, 300.319862, 308.159572 ] }, { "date": "2025-04-04", "close": 271.274292, "volume": 1471719, "typical_volume": 1591781.0, "trend": 312.167405, "fair_value": 188.816545, "relative_strength": -3.400721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.313412, "energy": 70.502348, "activity_lines": [ 273.50235, 281.458637, 296.392395, 305.474652 ] }, { "date": "2025-04-11", "close": 278.505676, "volume": 1426091, "typical_volume": 1611180.05, "trend": 311.548505, "fair_value": 189.777016, "relative_strength": -2.046062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.869802, "energy": 48.775869, "activity_lines": [ 274.922565, 279.447355, 293.462618, 303.302928 ] }, { "date": "2025-04-18", "close": 291.014008, "volume": 182686, "typical_volume": 1571192.7, "trend": 311.001265, "fair_value": 190.869915, "relative_strength": -0.850259, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.929747, "energy": 41.703609, "activity_lines": [ 280.056191, 280.421016, 291.994007, 301.978122 ] }, { "date": "2025-04-25", "close": 291.014008, "volume": 485415, "typical_volume": 1562427.45, "trend": 310.454026, "fair_value": 191.958104, "relative_strength": -1.868268, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.062884, "energy": 26.951538, "activity_lines": [ 284.277751, 281.639868, 290.786917, 300.688621 ] }, { "date": "2025-05-02", "close": 299.41803, "volume": 747351, "typical_volume": 1558900.2, "trend": 310.558262, "fair_value": 193.169151, "relative_strength": -2.9677, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.112373, "energy": 21.671773, "activity_lines": [ 290.83159, 284.724307, 290.628701, 299.976621 ] }, { "date": "2025-05-09", "close": 316.592224, "volume": 1018792, "typical_volume": 1561150.8, "trend": 311.059073, "fair_value": 194.442606, "relative_strength": 2.418319, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.126389, "energy": 17.32159, "activity_lines": [ 300.947264, 290.899344, 292.322971, 300.365909 ] }, { "date": "2025-05-16", "close": 328.594757, "volume": 577257, "typical_volume": 1579229.65, "trend": 311.503935, "fair_value": 195.808173, "relative_strength": 1.731463, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 33.349364, "energy": 35.101663, "activity_lines": [ 312.042586, 298.866225, 295.179071, 301.497244 ] }, { "date": "2025-05-23", "close": 323.67572, "volume": 755591, "typical_volume": 1596168.85, "trend": 311.380914, "fair_value": 197.161713, "relative_strength": 0.760929, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.176685, "energy": 41.643825, "activity_lines": [ 318.158958, 304.903653, 297.551535, 302.28252 ] }, { "date": "2025-05-30", "close": 318.756622, "volume": 477643, "typical_volume": 1583753.9, "trend": 310.605318, "fair_value": 198.507562, "relative_strength": -1.685055, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.668519, "energy": 46.577707, "activity_lines": [ 320.458183, 309.204105, 299.459127, 302.758372 ] }, { "date": "2025-06-06", "close": 334.891205, "volume": 617410, "typical_volume": 1558685.6, "trend": 310.13301, "fair_value": 199.977645, "relative_strength": 1.604712, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.388517, "energy": 59.096891, "activity_lines": [ 326.286094, 315.80578, 302.932246, 304.325204 ] }, { "date": "2025-06-13", "close": 339.416779, "volume": 455148, "typical_volume": 1532336.65, "trend": 310.241527, "fair_value": 201.526587, "relative_strength": 0.028762, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.278666, "energy": 58.0575, "activity_lines": [ 331.257652, 321.995439, 306.708402, 306.214479 ] }, { "date": "2025-06-20", "close": 327.356293, "volume": 13784641, "typical_volume": 2156627.6, "trend": 309.980603, "fair_value": 202.939266, "relative_strength": -4.513805, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.206035, "energy": 40.497583, "activity_lines": [ 330.687411, 324.753328, 309.230162, 307.318658 ] }, { "date": "2025-06-27", "close": 332.30722, "volume": 659905, "typical_volume": 2132035.55, "trend": 309.526398, "fair_value": 204.364609, "relative_strength": -0.95101, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.111532, "energy": 42.837469, "activity_lines": [ 331.850043, 327.523193, 312.176953, 308.759084 ] }, { "date": "2025-07-04", "close": 342.803223, "volume": 529015, "typical_volume": 2118418.25, "trend": 309.513266, "fair_value": 205.857233, "relative_strength": 0.64211, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.75936, "energy": 54.788662, "activity_lines": [ 335.935909, 331.450636, 315.990945, 310.905976 ] }, { "date": "2025-07-11", "close": 336.466003, "volume": 305152, "typical_volume": 1999778.45, "trend": 309.23026, "fair_value": 207.379891, "relative_strength": -0.970767, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.981719, "energy": 46.162175, "activity_lines": [ 336.306262, 333.284235, 319.043192, 312.644863 ] }, { "date": "2025-07-18", "close": 367.95401, "volume": 484642, "typical_volume": 1958360.05, "trend": 310.8112, "fair_value": 209.033739, "relative_strength": 8.630456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.744547, "energy": 67.341115, "activity_lines": [ 347.067631, 340.169327, 324.909501, 316.433492 ] }, { "date": "2025-07-25", "close": 386.569519, "volume": 478661, "typical_volume": 1412876.0, "trend": 312.849787, "fair_value": 210.760968, "relative_strength": 13.793833, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.133938, "energy": 85.71621, "activity_lines": [ 362.131687, 349.505206, 332.201879, 321.321125 ] }, { "date": "2025-08-01", "close": 383.004852, "volume": 436319, "typical_volume": 1384522.85, "trend": 314.802126, "fair_value": 212.47445, "relative_strength": 12.904746, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.091492, "energy": 86.483629, "activity_lines": [ 372.059973, 357.138878, 338.607602, 325.847258 ] }, { "date": "2025-08-08", "close": 383.40094, "volume": 656542, "typical_volume": 1360492.05, "trend": 316.754639, "fair_value": 214.134986, "relative_strength": 11.383716, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.288404, "energy": 89.095436, "activity_lines": [ 378.740446, 363.765854, 344.547848, 330.272988 ] }, { "date": "2025-08-15", "close": 385.183258, "volume": 495312, "typical_volume": 1302264.6, "trend": 319.32683, "fair_value": 215.875003, "relative_strength": 10.673539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.046842, "energy": 87.637702, "activity_lines": [ 383.30851, 369.541536, 350.184397, 334.687738 ] }, { "date": "2025-08-22", "close": 377.26178, "volume": 376745, "typical_volume": 1247515.9, "trend": 321.328779, "fair_value": 217.59025, "relative_strength": 6.065546, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.416116, "energy": 76.494287, "activity_lines": [ 381.988265, 372.962549, 354.503621, 338.425477 ] }, { "date": "2025-08-29", "close": 363.399139, "volume": 598448, "typical_volume": 1206133.75, "trend": 322.855611, "fair_value": 219.190192, "relative_strength": 3.101724, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.318704, "energy": 53.649121, "activity_lines": [ 375.426621, 373.17499, 356.99789, 341.139693 ] }, { "date": "2025-09-05", "close": 351.912933, "volume": 435911, "typical_volume": 1218795.0, "trend": 324.436058, "fair_value": 220.695697, "relative_strength": 1.061392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.327521, "energy": 36.294933, "activity_lines": [ 366.580934, 370.643707, 357.993981, 343.014359 ] }, { "date": "2025-09-12", "close": 362.606995, "volume": 381006, "typical_volume": 1213574.55, "trend": 326.20359, "fair_value": 222.384625, "relative_strength": 2.249653, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.547366, "energy": 24.292537, "activity_lines": [ 363.372729, 369.70033, 359.718559, 345.477 ] }, { "date": "2025-09-19", "close": 342.011047, "volume": 1416873, "typical_volume": 1247050.65, "trend": 327.68199, "fair_value": 223.954098, "relative_strength": -2.940038, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.726844, "energy": 23.463993, "activity_lines": [ 354.685471, 364.652167, 359.140699, 346.496836 ] }, { "date": "2025-09-26", "close": 328.940582, "volume": 535234, "typical_volume": 1222872.75, "trend": 328.809399, "fair_value": 225.467963, "relative_strength": -7.419925, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.312794, "energy": 18.807131, "activity_lines": [ 344.519539, 357.126737, 357.115209, 346.578036 ] }, { "date": "2025-10-03", "close": 337.852295, "volume": 1198628, "typical_volume": 1253941.3, "trend": 331.015636, "fair_value": 226.979134, "relative_strength": -4.225697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.208337, "energy": 20.403237, "activity_lines": [ 340.545591, 351.930954, 355.879652, 347.161448 ] }, { "date": "2025-10-10", "close": 337.852295, "volume": 792702, "typical_volume": 1255796.85, "trend": 333.032946, "fair_value": 228.508511, "relative_strength": -4.218267, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.646329, "energy": 22.757119, "activity_lines": [ 338.274766, 347.620938, 354.600012, 347.602523 ] }, { "date": "2025-10-17", "close": 324.781769, "volume": 517539, "typical_volume": 1257791.65, "trend": 334.393068, "fair_value": 229.933296, "relative_strength": -6.186373, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.940787, "energy": 48.260749, "activity_lines": [ 332.584475, 341.755418, 352.008052, 347.070189 ] }, { "date": "2025-10-24", "close": 327.75235, "volume": 792408, "typical_volume": 1266541.55, "trend": 336.418994, "fair_value": 231.381891, "relative_strength": -6.253315, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.429498, "energy": 50.00041, "activity_lines": [ 330.406059, 337.495807, 349.670313, 346.641756 ] }, { "date": "2025-10-31", "close": 333.495422, "volume": 229535, "typical_volume": 1255260.9, "trend": 338.493032, "fair_value": 232.834357, "relative_strength": -2.4946, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.978419, "energy": 39.295569, "activity_lines": [ 331.09258, 335.32459, 347.913528, 346.453138 ] }, { "date": "2025-11-07", "close": 333.495422, "volume": 0, "typical_volume": 566028.85, "trend": 340.326023, "fair_value": 234.205763, "relative_strength": -1.388262, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.400344, "energy": 33.589322, "activity_lines": [ 331.475445, 333.949124, 346.18494, 346.130712 ] }, { "date": "2025-11-14", "close": 300.621185, "volume": 2335040, "typical_volume": 649785.6, "trend": 340.646263, "fair_value": 235.383342, "relative_strength": -11.592963, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.091458, "energy": 48.043716, "activity_lines": [ 321.19069, 327.140229, 341.296238, 343.569109 ] }, { "date": "2025-11-21", "close": 277.252747, "volume": 1478865, "typical_volume": 697278.1, "trend": 340.187554, "fair_value": 236.387715, "relative_strength": -16.457441, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -87.612175, "energy": 81.369168, "activity_lines": [ 305.598529, 317.015103, 334.332857, 339.479205 ] }, { "date": "2025-11-28", "close": 278.24292, "volume": 2890699, "typical_volume": 826555.45, "trend": 339.481717, "fair_value": 237.368526, "relative_strength": -17.018122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.788305, "energy": 88.866636, "activity_lines": [ 293.505027, 308.621905, 327.775923, 335.482777 ] }, { "date": "2025-12-05", "close": 274.480225, "volume": 3455447, "typical_volume": 975095.7, "trend": 338.077984, "fair_value": 238.303544, "relative_strength": -18.768024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.752747, "energy": 90.529351, "activity_lines": [ 283.457923, 300.704001, 321.13789, 331.289133 ] }, { "date": "2025-12-12", "close": 285.570313, "volume": 2910006, "typical_volume": 1096662.95, "trend": 336.643835, "fair_value": 239.348231, "relative_strength": -15.510635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.412607, "energy": 86.76887, "activity_lines": [ 281.04186, 295.792664, 316.001169, 327.901541 ] }, { "date": "2025-12-19", "close": 265.172424, "volume": 3644263, "typical_volume": 1257060.15, "trend": 334.693726, "fair_value": 240.266497, "relative_strength": -21.859657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.601033, "energy": 90.293515, "activity_lines": [ 275.021509, 288.123202, 309.40274, 323.290482 ] }, { "date": "2025-12-26", "close": 263.786163, "volume": 722542, "typical_volume": 1260360.15, "trend": 332.861377, "fair_value": 241.181078, "relative_strength": -22.051533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.652526, "energy": 86.509185, "activity_lines": [ 270.902321, 281.523145, 303.233394, 318.715801 ] }, { "date": "2026-01-02", "close": 277.846863, "volume": 2171229, "typical_volume": 1344156.0, "trend": 330.959899, "fair_value": 242.170188, "relative_strength": -18.923244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.834081, "energy": 63.212755, "activity_lines": [ 272.367806, 278.58859, 298.972756, 315.166477 ] }, { "date": "2026-01-09", "close": 288.144806, "volume": 2820578, "typical_volume": 1466347.65, "trend": 329.250833, "fair_value": 243.21664, "relative_strength": -15.529188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.136172, "energy": 56.968855, "activity_lines": [ 277.292342, 278.43376, 296.204, 312.404213 ] }, { "date": "2026-01-16", "close": 284.976196, "volume": 2200116, "typical_volume": 1546431.05, "trend": 327.838163, "fair_value": 244.171257, "relative_strength": -18.683617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.783168, "energy": 45.275737, "activity_lines": [ 280.249703, 278.527376, 293.557838, 309.547785 ] }, { "date": "2026-01-23", "close": 285.768372, "volume": 1925446, "typical_volume": 1620907.8, "trend": 326.286868, "fair_value": 245.10581, "relative_strength": -17.250582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.542235, "energy": 35.28402, "activity_lines": [ 283.51073, 279.647192, 291.360564, 306.833605 ] }, { "date": "2026-01-30", "close": 263.588165, "volume": 3662179, "typical_volume": 1784966.45, "trend": 323.646366, "fair_value": 245.847899, "relative_strength": -24.407334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.502254, "energy": 42.118049, "activity_lines": [ 278.005292, 277.004295, 287.365864, 302.788527 ] }, { "date": "2026-02-06", "close": 258.439148, "volume": 6015004, "typical_volume": 2014873.0, "trend": 321.045471, "fair_value": 246.594261, "relative_strength": -27.115795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.150237, "energy": 49.452498, "activity_lines": [ 270.796714, 273.673659, 283.352299, 298.58161 ] }, { "date": "2026-02-13", "close": 239.031464, "volume": 3298094, "typical_volume": 2153016.0, "trend": 316.748053, "fair_value": 247.220549, "relative_strength": -32.900511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.127094, "energy": 67.368687, "activity_lines": [ 258.412756, 267.174422, 277.888345, 293.290384 ] }, { "date": "2026-02-20", "close": 233.090332, "volume": 3859716, "typical_volume": 2286070.4, "trend": 311.63208, "fair_value": 247.867706, "relative_strength": -36.225145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.386829, "energy": 88.813519, "activity_lines": [ 247.322644, 260.239502, 272.286707, 287.893111 ] }, { "date": "2026-02-27", "close": 236.060898, "volume": 3428071, "typical_volume": 2417838.85, "trend": 306.733948, "fair_value": 248.506162, "relative_strength": -35.210606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.178579, "energy": 87.833461, "activity_lines": [ 240.681778, 254.798866, 267.466847, 283.017551 ] }, { "date": "2026-03-06", "close": 255.468597, "volume": 3845922, "typical_volume": 2584258.0, "trend": 302.469537, "fair_value": 249.304139, "relative_strength": -29.99505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.137595, "energy": 78.188875, "activity_lines": [ 243.823977, 253.416204, 264.98006, 279.710109 ] }, { "date": "2026-03-13", "close": 255.666641, "volume": 2733766, "typical_volume": 2681325.9, "trend": 298.152316, "fair_value": 250.108153, "relative_strength": -31.078403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.349932, "energy": 53.647074, "activity_lines": [ 247.573494, 252.220778, 262.842197, 276.690567 ] }, { "date": "2026-03-20", "close": 238.437363, "volume": 4694381, "typical_volume": 2904568.2, "trend": 293.524836, "fair_value": 250.818195, "relative_strength": -35.982473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.256829, "energy": 52.731314, "activity_lines": [ 245.764753, 248.296033, 259.406716, 272.83799 ] }, { "date": "2026-03-27", "close": 225.960983, "volume": 2561425, "typical_volume": 3032639.45, "trend": 288.943564, "fair_value": 251.540157, "relative_strength": -39.409993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.132688, "energy": 53.697136, "activity_lines": [ 239.836825, 243.006626, 255.235666, 268.479032 ] }, { "date": "2026-04-03", "close": 239.427551, "volume": 1814251, "typical_volume": 3006600.0, "trend": 285.194051, "fair_value": 252.358413, "relative_strength": -37.538775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.215778, "energy": 47.911571, "activity_lines": [ 238.873044, 241.238691, 252.859214, 265.28445 ] }, { "date": "2026-04-10", "close": 247.745117, "volume": 2258411, "typical_volume": 3045577.3, "trend": 281.365322, "fair_value": 253.210914, "relative_strength": -34.553962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.015967, "energy": 45.289244, "activity_lines": [ 240.45734, 241.825601, 251.56631, 262.86839 ] }, { "date": "2026-04-17", "close": 267.350861, "volume": 3038151, "typical_volume": 3052949.9, "trend": 278.876649, "fair_value": 254.188226, "relative_strength": -26.174871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.513501, "energy": 24.550971, "activity_lines": [ 249.091784, 246.265246, 252.281133, 261.964231 ] }, { "date": "2026-04-24", "close": 231.704071, "volume": 5221801, "typical_volume": 3141267.6, "trend": 275.635432, "fair_value": 254.925329, "relative_strength": -36.292604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.937905, "energy": 26.735855, "activity_lines": [ 245.065016, 244.061626, 249.652889, 258.920839 ] }, { "date": "2026-05-01", "close": 252.300003, "volume": 5070230, "typical_volume": 3249278.8, "trend": 272.783689, "fair_value": 255.751479, "relative_strength": -30.933124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.7869, "energy": 16.89744, "activity_lines": [ 248.352444, 245.735947, 249.18986, 257.415327 ] }, { "date": "2026-05-08", "close": 245.600006, "volume": 4288710, "typical_volume": 3281501.15, "trend": 269.708613, "fair_value": 256.522839, "relative_strength": -30.484582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.657655, "energy": 15.614779, "activity_lines": [ 247.650606, 245.842819, 248.247165, 255.661541 ] }, { "date": "2026-05-15", "close": 240.600006, "volume": 1916450, "typical_volume": 3341196.55, "trend": 266.902554, "fair_value": 257.221361, "relative_strength": -32.852411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.770684, "energy": 25.815806, "activity_lines": [ 244.870604, 244.867162, 246.921482, 253.783567 ] }, { "date": "2026-05-22", "close": 242.0, "volume": 2803888, "typical_volume": 3372829.5, "trend": 264.044142, "fair_value": 257.920964, "relative_strength": -32.649753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.0475, "energy": 25.419776, "activity_lines": [ 243.033608, 244.416387, 245.839541, 252.17695 ] }, { "date": "2026-05-29", "close": 245.399994, "volume": 2492464, "typical_volume": 3356423.8, "trend": 261.107628, "fair_value": 258.605523, "relative_strength": -29.60115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.505952, "energy": 25.662629, "activity_lines": [ 244.02, 244.832278, 245.25211, 250.974102 ] }, { "date": "2026-06-05", "close": 253.199997, "volume": 703348, "typical_volume": 3281585.4, "trend": 258.431114, "fair_value": 259.418584, "relative_strength": -26.808682, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.080272, "energy": 12.499913, "activity_lines": [ 246.693332, 246.539757, 245.611082, 250.463932 ] }, { "date": "2026-06-12", "close": 239.800003, "volume": 522440, "typical_volume": 3211435.1, "trend": 256.403741, "fair_value": 260.168552, "relative_strength": -29.687651, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.440383, "energy": 18.689677, "activity_lines": [ 244.839999, 245.31562, 244.845179, 249.261925 ] }, { "date": "2026-06-19", "close": 242.199997, "volume": 1076598, "typical_volume": 3082156.05, "trend": 255.235316, "fair_value": 260.944869, "relative_strength": -26.735236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.535798, "energy": 19.628753, "activity_lines": [ 244.173332, 244.521073, 244.526745, 248.345555 ] }, { "date": "2026-06-26", "close": 232.399994, "volume": 763821, "typical_volume": 2819596.9, "trend": 253.707218, "fair_value": 261.654857, "relative_strength": -27.157763, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.089701, "energy": 30.360779, "activity_lines": [ 240.13333, 242.045527, 243.376825, 246.872308 ] }, { "date": "2026-07-03", "close": 246.399994, "volume": 356072, "typical_volume": 2672495.8, "trend": 252.771211, "fair_value": 262.454588, "relative_strength": -23.764723, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.910234, "energy": 26.474223, "activity_lines": [ 241.399996, 242.750907, 243.684235, 246.400874 ] }, { "date": "2026-07-10", "close": 243.0, "volume": 2019268, "typical_volume": 2580473.4, "trend": 251.3522, "fair_value": 263.230771, "relative_strength": -23.652115, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.740897, "energy": 23.016087, "activity_lines": [ 241.466664, 242.570907, 243.632747, 245.770474 ] }, { "date": "2026-07-17", "close": 238.0, "volume": 3521450, "typical_volume": 2585142.35, "trend": 250.446453, "fair_value": 263.938502, "relative_strength": -25.250252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.453502, "energy": 26.136057, "activity_lines": [ 240.546664, 241.650907, 243.05788, 244.909041 ] }, { "date": "2026-07-24", "close": 225.0, "volume": 2859648, "typical_volume": 2535828.65, "trend": 249.153581, "fair_value": 264.509395, "relative_strength": -30.04783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.208334, "energy": 38.937316, "activity_lines": [ 235.413332, 238.505453, 241.235684, 243.267335 ] }, { "date": "2026-07-31", "close": 238.800003, "volume": 2582511, "typical_volume": 2528265.9, "trend": 247.852019, "fair_value": 265.193309, "relative_strength": -25.06409, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.961266, "energy": 34.293827, "activity_lines": [ 236.026667, 238.152726, 240.872862, 242.599362 ] }, { "date": "2026-08-07", "close": 246.0, "volume": 1958530, "typical_volume": 2391473.35, "trend": 246.447192, "fair_value": 265.880837, "relative_strength": -22.01536, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.071553, "energy": 21.788276, "activity_lines": [ 238.613334, 239.167272, 241.276072, 242.479877 ] } ], "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." } } }