{ "ticker": { "uuid": "73bb3185-c8cd-4e38-a552-c59e28d653c6", "symbol": "ENPH", "name": "Enphase Energy Inc", "exchange": "NASDAQ", "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 72.662, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "mixed", "architecture_direction": -19.017, "architecture_energy": 25.139, "architecture_maturity": 32.501, "architecture_confidence": 57.606, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 45.36, "rotation_up": 15.54, "upward_expansion": 15.58, "deceleration": 60.03, "rotation_down": 62.21, "downward_expansion": 45.24 }, "activity_lines": [ 39.838667, 42.507091, 45.476833, 44.656333 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 41.87, "trend_reference": 43.5275, "distance_from_trend": -0.038079, "trend_direction": "Improving", "fair_value": 73.238558, "distance_from_fair_value": -0.428307, "fair_value_direction": "Improving", "relative_strength": -6.772511, "relative_strength_direction": "Improving", "price_momentum": -0.159237, "excess_performance": -0.346691, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.038079, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.122754, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.428307, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.131821, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067725, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.122662, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.159237, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.153691, "read": "Demand-led" } ], "volume": { "latest": 26621496, "relative_activity": 0.789343, "balance": 1.153691, "dry_up": 0.714232, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.249349, "annualized_volatility": 0.871215, "from_high_reference": -0.432194, "from_low_reference": 0.624442 }, "levels": { "trend_reference": 43.5275, "fair_value_reference": 73.238558, "structural_low": 29.9, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.128396, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.09386, "regime_survival": 0.4, "best_return": 0.227603, "worst_return": -0.330286, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.029973, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.046741, "regime_survival": 0.333333, "best_return": 0.033464, "worst_return": -0.150226, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.033738, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.019341, "regime_survival": 0.0, "best_return": 0.054313, "worst_return": -0.121789, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.005255, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.067873, "regime_survival": 0.0, "best_return": 0.562151, "worst_return": -0.551641, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-11-25", "end": "2023-01-06", "tenure": "Developing", "return": -0.268518, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-01-13", "end": "2023-01-20", "tenure": "New", "return": -0.09474, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-01-27", "end": "2023-02-03", "tenure": "New", "return": 0.061117, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-02-10", "end": "2024-01-05", "tenure": "Extended", "return": -0.455887, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-10-18", "tenure": "Extended", "return": -0.168572, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-25", "end": "2026-01-09", "tenure": "Extended", "return": -0.579864, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": 0.128073, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-06", "tenure": "New", "return": 0.346674, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-04-03", "tenure": "Developing", "return": -0.197057, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.041526, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.01901, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": 0.210626, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": -0.303979, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.027862, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 130.34, "volume": 12933163, "typical_volume": 19184322.45, "trend": 181.823, "fair_value": 187.459006, "relative_strength": -51.374249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.852437, "energy": 85.333423, "activity_lines": [ 139.909333, 151.661818, 161.031, 169.714753 ] }, { "date": "2023-08-25", "close": 124.09, "volume": 15945271, "typical_volume": 19351764.45, "trend": 178.956333, "fair_value": 187.767019, "relative_strength": -53.736418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.870091, "energy": 87.838557, "activity_lines": [ 132.116, 145.324727, 156.714048, 165.990043 ] }, { "date": "2023-09-01", "close": 128.73, "volume": 12509714, "typical_volume": 19327203.4, "trend": 175.816333, "fair_value": 188.168141, "relative_strength": -52.981194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.390293, "energy": 85.281265, "activity_lines": [ 129.428667, 140.880727, 153.157619, 162.749634 ] }, { "date": "2023-09-08", "close": 120.23, "volume": 11448834, "typical_volume": 18975402.2, "trend": 172.755, "fair_value": 188.521538, "relative_strength": -54.678071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.206811, "energy": 85.632428, "activity_lines": [ 125.614667, 135.436, 149.173429, 159.163419 ] }, { "date": "2023-09-15", "close": 120.3, "volume": 16969726, "typical_volume": 17330170.1, "trend": 169.932, "fair_value": 188.855064, "relative_strength": -53.45131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.50754, "energy": 79.443253, "activity_lines": [ 123.142, 130.863091, 145.68819, 155.779226 ] }, { "date": "2023-09-22", "close": 119.92, "volume": 21611624, "typical_volume": 17287834.7, "trend": 167.297333, "fair_value": 189.151859, "relative_strength": -51.070473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.528541, "energy": 74.043522, "activity_lines": [ 121.536, 127.055091, 142.37581, 152.552645 ] }, { "date": "2023-09-29", "close": 120.15, "volume": 14166372, "typical_volume": 17093405.4, "trend": 164.063667, "fair_value": 189.342372, "relative_strength": -50.029632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.370936, "energy": 62.953746, "activity_lines": [ 120.701333, 124.343818, 139.274524, 149.510882 ] }, { "date": "2023-10-06", "close": 119.16, "volume": 20103316, "typical_volume": 17335106.5, "trend": 161.028333, "fair_value": 189.406346, "relative_strength": -50.423151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.755498, "energy": 60.419106, "activity_lines": [ 119.799333, 122.494909, 136.304667, 146.613871 ] }, { "date": "2023-10-13", "close": 123.81, "volume": 18212678, "typical_volume": 17595930.25, "trend": 159.034, "fair_value": 189.489487, "relative_strength": -47.685584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.857238, "energy": 54.881446, "activity_lines": [ 121.085333, 122.130909, 133.983429, 144.212688 ] }, { "date": "2023-10-20", "close": 98.89, "volume": 31284407, "typical_volume": 18468881.8, "trend": 155.797333, "fair_value": 189.461026, "relative_strength": -56.120153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.277213, "energy": 64.358571, "activity_lines": [ 113.826, 117.530364, 129.485952, 140.33243 ] }, { "date": "2023-10-27", "close": 82.09, "volume": 43703909, "typical_volume": 20067020.6, "trend": 151.524333, "fair_value": 189.358462, "relative_strength": -61.601192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.7059, "energy": 89.959552, "activity_lines": [ 102.394, 110.535455, 123.783571, 135.577118 ] }, { "date": "2023-11-03", "close": 80.81, "volume": 39075495, "typical_volume": 21148486.0, "trend": 147.851333, "fair_value": 189.091026, "relative_strength": -63.534605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.969865, "energy": 94.344811, "activity_lines": [ 93.057333, 104.185091, 118.399714, 131.014903 ] }, { "date": "2023-11-10", "close": 77.98, "volume": 20357468, "typical_volume": 21207025.5, "trend": 143.487333, "fair_value": 188.843526, "relative_strength": -64.891919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.894092, "energy": 93.202028, "activity_lines": [ 85.4, 98.107091, 113.227286, 126.507075 ] }, { "date": "2023-11-17", "close": 92.86, "volume": 28549181, "typical_volume": 21770503.65, "trend": 139.129, "fair_value": 188.608077, "relative_strength": -57.830059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.709473, "energy": 86.813, "activity_lines": [ 85.448, 95.657273, 109.856333, 123.240796 ] }, { "date": "2023-11-24", "close": 100.22, "volume": 16581356, "typical_volume": 22004799.25, "trend": 136.996333, "fair_value": 188.349487, "relative_strength": -53.540552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.425766, "energy": 64.762902, "activity_lines": [ 90.012667, 95.043273, 107.541667, 120.730538 ] }, { "date": "2023-12-01", "close": 106.52, "volume": 19985182, "typical_volume": 22080026.2, "trend": 135.225333, "fair_value": 188.196026, "relative_strength": -49.113913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.759542, "energy": 47.230975, "activity_lines": [ 96.588667, 95.939818, 106.141048, 118.764323 ] }, { "date": "2023-12-08", "close": 103.01, "volume": 20387173, "typical_volume": 22024325.45, "trend": 133.074, "fair_value": 187.959487, "relative_strength": -49.481473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.713265, "energy": 31.272438, "activity_lines": [ 100.366, 96.441818, 104.746238, 116.685914 ] }, { "date": "2023-12-15", "close": 123.92, "volume": 48482099, "typical_volume": 22693810.25, "trend": 131.792333, "fair_value": 187.699936, "relative_strength": -39.389807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.118038, "energy": 23.5253, "activity_lines": [ 109.633333, 101.057273, 105.697476, 116.095333 ] }, { "date": "2023-12-22", "close": 133.99, "volume": 32538741, "typical_volume": 23094492.8, "trend": 130.752, "fair_value": 187.39609, "relative_strength": -33.099874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.027091, "energy": 23.609159, "activity_lines": [ 119.194667, 107.417091, 107.752571, 116.237118 ] }, { "date": "2023-12-29", "close": 132.14, "volume": 12834967, "typical_volume": 22884033.8, "trend": 129.094667, "fair_value": 187.118333, "relative_strength": -32.443354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.627707, "energy": 31.193743, "activity_lines": [ 125.397333, 113.255455, 109.660095, 116.326667 ] }, { "date": "2024-01-05", "close": 115.39, "volume": 17013721, "typical_volume": 23088061.7, "trend": 127.121667, "fair_value": 186.528462, "relative_strength": -37.640741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.343045, "energy": 25.350188, "activity_lines": [ 123.888667, 115.443818, 109.986952, 115.442495 ] }, { "date": "2024-01-12", "close": 110.22, "volume": 18033352, "typical_volume": 23192465.75, "trend": 124.735333, "fair_value": 186.013269, "relative_strength": -40.804352, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.90944, "energy": 18.410377, "activity_lines": [ 120.065333, 116.086727, 109.892619, 114.352065 ] }, { "date": "2024-01-19", "close": 103.59, "volume": 16973548, "typical_volume": 23415657.45, "trend": 122.898667, "fair_value": 185.317885, "relative_strength": -44.619251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.753064, "energy": 14.121267, "activity_lines": [ 113.551333, 114.989455, 109.232905, 112.987849 ] }, { "date": "2024-01-26", "close": 105.37, "volume": 21241345, "typical_volume": 23905283.0, "trend": 120.828333, "fair_value": 184.824423, "relative_strength": -42.86579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.257117, "energy": 27.45143, "activity_lines": [ 108.986, 113.750182, 108.862429, 111.856968 ] }, { "date": "2024-02-02", "close": 101.76, "volume": 19597112, "typical_volume": 24036652.3, "trend": 118.681333, "fair_value": 184.238269, "relative_strength": -44.270639, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.854958, "energy": 33.878211, "activity_lines": [ 105.125333, 111.627091, 108.218905, 110.626753 ] }, { "date": "2024-02-09", "close": 122.47, "volume": 43589960, "typical_volume": 25135569.1, "trend": 116.832333, "fair_value": 183.699551, "relative_strength": -32.851065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.11839, "energy": 16.326526, "activity_lines": [ 110.193333, 113.241455, 109.636048, 110.871183 ] }, { "date": "2024-02-16", "close": 131.87, "volume": 25479412, "typical_volume": 25701221.1, "trend": 115.312, "fair_value": 183.32859, "relative_strength": -25.304088, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.398283, "energy": 19.238156, "activity_lines": [ 117.922667, 116.274909, 111.936286, 111.841355 ] }, { "date": "2024-02-23", "close": 118.19, "volume": 15872727, "typical_volume": 25489691.65, "trend": 114.107333, "fair_value": 182.957628, "relative_strength": -32.692042, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.754646, "energy": 24.475755, "activity_lines": [ 119.648667, 116.296364, 112.877857, 112.027032 ] }, { "date": "2024-03-01", "close": 129.66, "volume": 16099150, "typical_volume": 25384015.25, "trend": 113.762667, "fair_value": 182.86859, "relative_strength": -26.071899, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.534994, "energy": 42.810026, "activity_lines": [ 124.224667, 118.507455, 114.916429, 113.03043 ] }, { "date": "2024-03-08", "close": 130.28, "volume": 14720560, "typical_volume": 24555822.9, "trend": 113.598667, "fair_value": 182.647885, "relative_strength": -22.959107, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.008829, "energy": 60.465667, "activity_lines": [ 127.388, 120.91, 116.98619, 114.096065 ] }, { "date": "2024-03-15", "close": 107.73, "volume": 19936161, "typical_volume": 23367435.5, "trend": 112.845, "fair_value": 182.345192, "relative_strength": -34.374717, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.362796, "energy": 27.256651, "activity_lines": [ 121.133333, 119.246364, 116.758857, 113.717441 ] }, { "date": "2024-03-22", "close": 114.61, "volume": 14759098, "typical_volume": 22151615.65, "trend": 112.529, "fair_value": 182.105064, "relative_strength": -30.895727, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.00092, "energy": 18.788137, "activity_lines": [ 118.154667, 118.972909, 117.064667, 113.831312 ] }, { "date": "2024-03-29", "close": 120.98, "volume": 13269759, "typical_volume": 21797230.2, "trend": 112.270667, "fair_value": 181.837692, "relative_strength": -25.166144, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.85692, "energy": 15.349324, "activity_lines": [ 118.45, 119.777818, 117.81619, 114.376538 ] }, { "date": "2024-04-05", "close": 112.27, "volume": 18787994, "typical_volume": 21309170.85, "trend": 112.005333, "fair_value": 181.587179, "relative_strength": -28.678577, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 23.418284, "energy": 16.984086, "activity_lines": [ 115.656, 118.682909, 117.533429, 114.376495 ] }, { "date": "2024-04-12", "close": 117.02, "volume": 17149825, "typical_volume": 21337594.3, "trend": 111.896, "fair_value": 181.375705, "relative_strength": -23.67332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 26.865681, "energy": 13.690914, "activity_lines": [ 115.604667, 118.326182, 117.610619, 114.700022 ] }, { "date": "2024-04-19", "close": 106.48, "volume": 15976354, "typical_volume": 21137152.9, "trend": 111.448, "fair_value": 180.987949, "relative_strength": -24.712063, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 2.592718, "energy": 6.938774, "activity_lines": [ 112.924, 115.775636, 116.604, 114.350602 ] }, { "date": "2024-04-26", "close": 111.93, "volume": 34177833, "typical_volume": 21826685.9, "trend": 111.174, "fair_value": 180.812821, "relative_strength": -22.760123, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 10.031092, "energy": 11.648501, "activity_lines": [ 112.143333, 114.506727, 116.116619, 114.381699 ] }, { "date": "2024-05-03", "close": 114.2, "volume": 20559202, "typical_volume": 20430541.05, "trend": 111.008667, "fair_value": 180.756667, "relative_strength": -20.939464, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 11.050034, "energy": 10.062409, "activity_lines": [ 112.298, 114.013091, 115.802952, 114.576925 ] }, { "date": "2024-05-10", "close": 108.35, "volume": 15065809, "typical_volume": 19556894.45, "trend": 110.493333, "fair_value": 180.683397, "relative_strength": -24.913897, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 1.89652, "energy": 11.033257, "activity_lines": [ 110.954667, 112.528364, 114.978429, 114.405398 ] }, { "date": "2024-05-17", "close": 114.32, "volume": 16339807, "typical_volume": 19732136.45, "trend": 111.007667, "fair_value": 180.504167, "relative_strength": -21.400365, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 9.467496, "energy": 8.077651, "activity_lines": [ 111.862667, 112.516545, 114.844571, 114.65228 ] }, { "date": "2024-05-24", "close": 125.18, "volume": 23967476, "typical_volume": 20079824.2, "trend": 112.444, "fair_value": 180.389615, "relative_strength": -14.049797, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.755384, "energy": 17.46748, "activity_lines": [ 116.570667, 114.769455, 115.829857, 115.566624 ] }, { "date": "2024-05-31", "close": 127.9, "volume": 18672910, "typical_volume": 20111802.1, "trend": 114.013667, "fair_value": 180.346026, "relative_strength": -9.499594, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.453917, "energy": 32.691404, "activity_lines": [ 120.938667, 117.199636, 117.027571, 116.563785 ] }, { "date": "2024-06-07", "close": 122.75, "volume": 13268294, "typical_volume": 19926539.4, "trend": 115.506, "fair_value": 180.189744, "relative_strength": -14.228815, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.203166, "energy": 35.909552, "activity_lines": [ 122.525333, 118.451818, 117.650619, 117.127419 ] }, { "date": "2024-06-14", "close": 124.61, "volume": 16828470, "typical_volume": 19705895.65, "trend": 116.564333, "fair_value": 179.925385, "relative_strength": -14.617253, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.077362, "energy": 45.558967, "activity_lines": [ 124.162, 120.01, 118.359571, 117.714774 ] }, { "date": "2024-06-21", "close": 106.67, "volume": 19576258, "typical_volume": 19704852.95, "trend": 116.779333, "fair_value": 179.484872, "relative_strength": -26.042945, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 27.878588, "energy": 15.163541, "activity_lines": [ 118.734667, 118.082, 117.268333, 117.07643 ] }, { "date": "2024-06-28", "close": 99.71, "volume": 23880896, "typical_volume": 18719399.75, "trend": 116.552333, "fair_value": 178.929103, "relative_strength": -29.709299, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.569142, "energy": 30.918896, "activity_lines": [ 111.497333, 115.076727, 115.490857, 115.975183 ] }, { "date": "2024-07-05", "close": 97.14, "volume": 13670094, "typical_volume": 18128933.85, "trend": 116.356667, "fair_value": 178.37359, "relative_strength": -32.733615, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.808282, "energy": 56.528631, "activity_lines": [ 105.101333, 111.727273, 113.577, 114.722774 ] }, { "date": "2024-07-12", "close": 119.34, "volume": 21576047, "typical_volume": 18414099.85, "trend": 116.204, "fair_value": 178.090833, "relative_strength": -15.850046, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -40.401959, "energy": 33.521003, "activity_lines": [ 108.156, 112.683091, 113.94281, 114.915247 ] }, { "date": "2024-07-19", "close": 105.46, "volume": 21505042, "typical_volume": 18684394.45, "trend": 115.253, "fair_value": 177.624679, "relative_strength": -21.231873, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -52.652828, "energy": 49.720824, "activity_lines": [ 106.811333, 111.021818, 112.981238, 114.222086 ] }, { "date": "2024-07-26", "close": 119.34, "volume": 32065461, "typical_volume": 19551639.5, "trend": 114.826333, "fair_value": 177.174295, "relative_strength": -7.572257, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -35.242118, "energy": 17.832793, "activity_lines": [ 111.37, 111.936727, 113.45681, 114.485763 ] }, { "date": "2024-08-02", "close": 105.19, "volume": 17845014, "typical_volume": 19447082.15, "trend": 114.486333, "fair_value": 176.69641, "relative_strength": -15.103856, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -40.960324, "energy": 17.578987, "activity_lines": [ 110.367333, 110.187636, 112.636857, 113.864065 ] }, { "date": "2024-08-09", "close": 107.86, "volume": 15435307, "typical_volume": 19480892.6, "trend": 114.407667, "fair_value": 176.266026, "relative_strength": -12.463595, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -37.114188, "energy": 18.087218, "activity_lines": [ 109.889333, 109.287455, 112.083286, 113.436559 ] }, { "date": "2024-08-16", "close": 116.39, "volume": 9116744, "typical_volume": 19273241.85, "trend": 114.834333, "fair_value": 175.948077, "relative_strength": -9.665348, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -24.161885, "energy": 11.864785, "activity_lines": [ 111.54, 110.302545, 112.374238, 113.564452 ] }, { "date": "2024-08-23", "close": 123.0, "volume": 8970174, "typical_volume": 18782350.85, "trend": 115.422, "fair_value": 175.614808, "relative_strength": -4.937217, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 4.812207, "energy": 5.926735, "activity_lines": [ 115.590667, 112.635091, 113.316571, 114.091269 ] }, { "date": "2024-08-30", "close": 121.04, "volume": 10997871, "typical_volume": 18474753.15, "trend": 116.064667, "fair_value": 175.275705, "relative_strength": -5.116022, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 14.127657, "energy": 15.197414, "activity_lines": [ 117.818667, 114.640545, 114.021143, 114.45372 ] }, { "date": "2024-09-06", "close": 108.65, "volume": 6527258, "typical_volume": 18002298.35, "trend": 115.604, "fair_value": 174.957949, "relative_strength": -9.052822, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -3.402168, "energy": 9.271463, "activity_lines": [ 115.803333, 114.132, 113.526571, 113.975355 ] }, { "date": "2024-09-13", "close": 109.91, "volume": 13635515, "typical_volume": 16975182.45, "trend": 114.872, "fair_value": 174.631154, "relative_strength": -12.553418, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -21.347235, "energy": 11.719478, "activity_lines": [ 113.977333, 113.69, 113.141667, 113.608 ] }, { "date": "2024-09-20", "close": 114.9, "volume": 15588807, "typical_volume": 16726662.7, "trend": 114.762333, "fair_value": 174.382692, "relative_strength": -9.277311, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -22.386349, "energy": 8.948813, "activity_lines": [ 113.678, 113.923091, 113.241619, 113.609806 ] }, { "date": "2024-09-27", "close": 115.0, "volume": 10221092, "typical_volume": 16484426.85, "trend": 114.273667, "fair_value": 174.123974, "relative_strength": -9.456706, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -24.116595, "energy": 12.594817, "activity_lines": [ 113.511333, 114.255091, 113.347762, 113.62514 ] }, { "date": "2024-10-04", "close": 105.95, "volume": 10800386, "typical_volume": 16207455.8, "trend": 113.462667, "fair_value": 173.813654, "relative_strength": -15.988927, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -38.996233, "energy": 19.68763, "activity_lines": [ 110.861333, 112.768182, 112.560333, 113.088129 ] }, { "date": "2024-10-11", "close": 100.97, "volume": 12707504, "typical_volume": 15644457.2, "trend": 113.237333, "fair_value": 173.352436, "relative_strength": -20.106871, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -57.997825, "energy": 42.743804, "activity_lines": [ 107.557333, 110.619273, 111.338476, 112.282151 ] }, { "date": "2024-10-18", "close": 91.64, "volume": 18425333, "typical_volume": 15632078.35, "trend": 112.471667, "fair_value": 172.807179, "relative_strength": -27.129865, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -70.222736, "energy": 63.187655, "activity_lines": [ 101.655333, 106.850727, 109.343333, 110.888774 ] }, { "date": "2024-10-25", "close": 83.83, "volume": 41151704, "typical_volume": 17026248.85, "trend": 111.233333, "fair_value": 171.859744, "relative_strength": -33.099934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.366286, "energy": 77.31698, "activity_lines": [ 94.368, 101.957091, 106.777048, 109.040925 ] }, { "date": "2024-11-01", "close": 83.54, "volume": 17807744, "typical_volume": 17075212.55, "trend": 110.275667, "fair_value": 170.870256, "relative_strength": -31.994339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.853333, "energy": 82.93416, "activity_lines": [ 89.055333, 97.602727, 104.368476, 107.254258 ] }, { "date": "2024-11-08", "close": 66.9, "volume": 46452072, "typical_volume": 18419003.25, "trend": 108.605, "fair_value": 169.686154, "relative_strength": -48.062706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.921255, "energy": 92.382541, "activity_lines": [ 80.293333, 90.940364, 100.570714, 104.455828 ] }, { "date": "2024-11-15", "close": 59.52, "volume": 41567552, "typical_volume": 19303336.05, "trend": 107.039667, "fair_value": 168.35141, "relative_strength": -51.703651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.880851, "energy": 95.475925, "activity_lines": [ 71.674667, 83.920545, 96.259476, 101.289054 ] }, { "date": "2024-11-22", "close": 66.29, "volume": 24955403, "typical_volume": 19867601.5, "trend": 105.518333, "fair_value": 167.190321, "relative_strength": -46.66178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.994528, "energy": 89.398735, "activity_lines": [ 68.076, 79.024909, 92.784381, 98.660043 ] }, { "date": "2024-11-29", "close": 71.35, "volume": 20403125, "typical_volume": 19808955.4, "trend": 104.09, "fair_value": 166.256026, "relative_strength": -42.42668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.832164, "energy": 86.578815, "activity_lines": [ 67.854, 75.842364, 89.938095, 96.455634 ] }, { "date": "2024-12-06", "close": 71.56, "volume": 14710429, "typical_volume": 19469224.75, "trend": 102.863667, "fair_value": 165.33641, "relative_strength": -43.518939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.892731, "energy": 79.022692, "activity_lines": [ 68.534, 73.489818, 87.340333, 94.356925 ] }, { "date": "2024-12-13", "close": 73.84, "volume": 12707650, "typical_volume": 18501334.2, "trend": 101.514333, "fair_value": 164.5975, "relative_strength": -41.374268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.399658, "energy": 58.380329, "activity_lines": [ 70.772667, 72.341636, 85.121143, 92.48443 ] }, { "date": "2024-12-20", "close": 71.45, "volume": 21315529, "typical_volume": 18674859.95, "trend": 99.723333, "fair_value": 163.849295, "relative_strength": -41.057144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.162357, "energy": 49.220756, "activity_lines": [ 71.752, 71.342727, 82.891, 90.544796 ] }, { "date": "2024-12-27", "close": 72.13, "volume": 6865464, "typical_volume": 18246367.8, "trend": 97.864333, "fair_value": 163.138974, "relative_strength": -40.116655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.451079, "energy": 45.07492, "activity_lines": [ 72.162667, 71.004182, 80.886286, 88.764581 ] }, { "date": "2025-01-03", "close": 72.15, "volume": 11249175, "typical_volume": 18352989.35, "trend": 96.177667, "fair_value": 162.671154, "relative_strength": -38.857655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.251367, "energy": 42.378322, "activity_lines": [ 72.190667, 71.024, 79.053619, 87.105591 ] }, { "date": "2025-01-10", "close": 66.74, "volume": 13186737, "typical_volume": 18563817.5, "trend": 94.248667, "fair_value": 162.183333, "relative_strength": -41.484134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.302044, "energy": 47.117058, "activity_lines": [ 70.362, 70.272545, 76.916381, 85.206387 ] }, { "date": "2025-01-17", "close": 63.69, "volume": 16463243, "typical_volume": 18837086.1, "trend": 92.816, "fair_value": 161.783782, "relative_strength": -45.127422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.726305, "energy": 55.335707, "activity_lines": [ 67.838, 69.272, 74.756571, 83.23486 ] }, { "date": "2025-01-24", "close": 63.36, "volume": 18538715, "typical_volume": 19437658.95, "trend": 91.604333, "fair_value": 161.395962, "relative_strength": -45.611541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.888292, "energy": 61.674514, "activity_lines": [ 65.880667, 68.269818, 72.838429, 81.334473 ] }, { "date": "2025-01-31", "close": 62.28, "volume": 15614002, "typical_volume": 19536583.3, "trend": 90.442333, "fair_value": 160.889872, "relative_strength": -45.21559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.943719, "energy": 66.728149, "activity_lines": [ 64.102667, 67.001455, 71.033095, 79.442581 ] }, { "date": "2025-02-07", "close": 63.53, "volume": 29317442, "typical_volume": 20223015.05, "trend": 88.582, "fair_value": 160.363205, "relative_strength": -43.381024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.098361, "energy": 75.699969, "activity_lines": [ 63.398, 66.033273, 69.573619, 77.706301 ] }, { "date": "2025-02-14", "close": 63.94, "volume": 17510125, "typical_volume": 20587466.7, "trend": 87.198, "fair_value": 159.873397, "relative_strength": -43.672858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.076727, "energy": 63.386246, "activity_lines": [ 63.404667, 65.281818, 68.39781, 76.116495 ] }, { "date": "2025-02-21", "close": 64.85, "volume": 15580825, "typical_volume": 20826488.65, "trend": 85.381667, "fair_value": 159.303654, "relative_strength": -40.756097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.818846, "energy": 51.203756, "activity_lines": [ 63.901333, 64.834364, 67.55181, 74.674688 ] }, { "date": "2025-02-28", "close": 57.33, "volume": 34696202, "typical_volume": 21925923.55, "trend": 83.786333, "fair_value": 158.657372, "relative_strength": -44.863487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.192924, "energy": 56.095506, "activity_lines": [ 61.814, 63.183091, 66.185333, 72.864903 ] }, { "date": "2025-03-07", "close": 61.63, "volume": 27664126, "typical_volume": 22387863.2, "trend": 82.245333, "fair_value": 157.955833, "relative_strength": -37.740396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.7021, "energy": 45.698701, "activity_lines": [ 61.562, 62.570364, 65.43619, 71.435462 ] }, { "date": "2025-03-14", "close": 58.13, "volume": 18394331, "typical_volume": 21249994.55, "trend": 80.303333, "fair_value": 157.145641, "relative_strength": -39.042409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.329792, "energy": 48.228093, "activity_lines": [ 60.186667, 61.512182, 64.496619, 69.879634 ] }, { "date": "2025-03-21", "close": 61.54, "volume": 17773585, "typical_volume": 21248286.6, "trend": 78.254667, "fair_value": 156.297756, "relative_strength": -34.805387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.434963, "energy": 44.924241, "activity_lines": [ 60.308, 61.328909, 64.00419, 68.669097 ] }, { "date": "2025-03-28", "close": 61.65, "volume": 12259950, "typical_volume": 19538680.5, "trend": 76.275, "fair_value": 155.373141, "relative_strength": -32.182664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.193814, "energy": 37.535787, "activity_lines": [ 60.626, 61.260182, 63.627, 67.597828 ] }, { "date": "2025-04-04", "close": 57.27, "volume": 16987868, "typical_volume": 18309696.3, "trend": 74.562333, "fair_value": 154.489359, "relative_strength": -29.255506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.592112, "energy": 39.876755, "activity_lines": [ 59.697333, 60.432182, 62.857667, 66.371699 ] }, { "date": "2025-04-11", "close": 51.89, "volume": 27128139, "typical_volume": 18418333.1, "trend": 72.628333, "fair_value": 153.600769, "relative_strength": -39.438142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.261699, "energy": 45.750102, "activity_lines": [ 56.979333, 58.736727, 61.586667, 64.908968 ] }, { "date": "2025-04-18", "close": 52.54, "volume": 10919154, "typical_volume": 17944134.55, "trend": 70.549667, "fair_value": 152.952756, "relative_strength": -36.348149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.656928, "energy": 47.73522, "activity_lines": [ 55.127333, 57.348364, 60.446143, 63.612946 ] }, { "date": "2025-04-25", "close": 46.83, "volume": 45269248, "typical_volume": 19472075.5, "trend": 68.277333, "fair_value": 152.218333, "relative_strength": -45.772671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.092452, "energy": 68.034858, "activity_lines": [ 51.744667, 55.121636, 58.851381, 62.082645 ] }, { "date": "2025-05-02", "close": 45.56, "volume": 23792705, "typical_volume": 20026328.25, "trend": 66.264333, "fair_value": 151.446987, "relative_strength": -48.066709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.91261, "energy": 75.510133, "activity_lines": [ 48.919333, 52.975091, 57.253429, 60.617011 ] }, { "date": "2025-05-09", "close": 50.775, "volume": 31598297, "typical_volume": 20540466.65, "trend": 64.591167, "fair_value": 150.760994, "relative_strength": -41.120879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.266106, "energy": 64.714205, "activity_lines": [ 48.905, 52.127455, 56.28681, 59.617699 ] }, { "date": "2025-05-16", "close": 50.4, "volume": 54307736, "typical_volume": 22912580.25, "trend": 63.2165, "fair_value": 150.005545, "relative_strength": -44.35811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.15354, "energy": 49.724386, "activity_lines": [ 49.198667, 51.330818, 55.382929, 58.70214 ] }, { "date": "2025-05-23", "close": 39.64, "volume": 56598898, "typical_volume": 25180066.4, "trend": 61.7435, "fair_value": 149.048429, "relative_strength": -54.182533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.651814, "energy": 54.850138, "activity_lines": [ 46.005, 48.782, 53.557762, 57.181075 ] }, { "date": "2025-05-30", "close": 41.39, "volume": 26924135, "typical_volume": 25866936.3, "trend": 60.3385, "fair_value": 148.05516, "relative_strength": -51.950281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.44657, "energy": 52.876917, "activity_lines": [ 44.254667, 46.887545, 52.054071, 55.867946 ] }, { "date": "2025-06-06", "close": 41.18, "volume": 29589435, "typical_volume": 26523245.9, "trend": 59.481167, "fair_value": 147.061506, "relative_strength": -52.120307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.839701, "energy": 64.680402, "activity_lines": [ 42.797, 45.321273, 50.651095, 54.631914 ] }, { "date": "2025-06-13", "close": 45.6, "volume": 27063294, "typical_volume": 26949474.85, "trend": 59.017167, "fair_value": 146.169519, "relative_strength": -45.55386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.164624, "energy": 64.521107, "activity_lines": [ 43.104667, 44.930818, 49.776262, 53.736355 ] }, { "date": "2025-06-20", "close": 35.85, "volume": 68583151, "typical_volume": 29597932.3, "trend": 58.0025, "fair_value": 145.127596, "relative_strength": -56.364004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.180957, "energy": 64.786062, "activity_lines": [ 40.507333, 42.979818, 48.057429, 52.241699 ] }, { "date": "2025-06-27", "close": 40.88, "volume": 57648378, "typical_volume": 31014479.1, "trend": 56.986833, "fair_value": 144.135032, "relative_strength": -51.41877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.080468, "energy": 47.098135, "activity_lines": [ 40.556667, 42.235, 46.9435, 51.137022 ] }, { "date": "2025-07-04", "close": 42.57, "volume": 37665553, "typical_volume": 32022250.5, "trend": 56.0205, "fair_value": 143.020417, "relative_strength": -49.386911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.076632, "energy": 42.574625, "activity_lines": [ 41.086667, 42.009455, 46.098381, 50.206903 ] }, { "date": "2025-07-11", "close": 41.855, "volume": 35782027, "typical_volume": 33032310.6, "trend": 54.954333, "fair_value": 142.039295, "relative_strength": -48.971865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.744623, "energy": 42.249954, "activity_lines": [ 41.299667, 41.731364, 45.286929, 49.293 ] }, { "date": "2025-07-18", "close": 39.58, "volume": 33023758, "typical_volume": 32948688.4, "trend": 53.892, "fair_value": 140.936987, "relative_strength": -51.388406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.460571, "energy": 38.761598, "activity_lines": [ 40.709333, 41.107, 44.36831, 48.301108 ] }, { "date": "2025-07-25", "close": 35.41, "volume": 75600752, "typical_volume": 35345519.7, "trend": 52.668, "fair_value": 139.342308, "relative_strength": -55.748526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.357639, "energy": 45.359845, "activity_lines": [ 39.130333, 39.928, 43.137071, 47.10872 ] }, { "date": "2025-08-01", "close": 31.43, "volume": 36493185, "typical_volume": 36250462.4, "trend": 51.310667, "fair_value": 137.614872, "relative_strength": -58.833763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.15404, "energy": 60.775487, "activity_lines": [ 36.254, 38.297909, 41.651643, 45.738527 ] }, { "date": "2025-08-08", "close": 32.44, "volume": 37008557, "typical_volume": 37212211.0, "trend": 50.167333, "fair_value": 135.904487, "relative_strength": -57.958238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.206204, "energy": 70.833255, "activity_lines": [ 34.344333, 37.000727, 40.389548, 44.521065 ] }, { "date": "2025-08-15", "close": 34.84, "volume": 52555902, "typical_volume": 39227008.6, "trend": 49.205667, "fair_value": 134.309231, "relative_strength": -53.836296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.652586, "energy": 69.762917, "activity_lines": [ 33.91, 36.302636, 39.494595, 43.532204 ] }, { "date": "2025-08-22", "close": 38.18, "volume": 45079292, "typical_volume": 40631579.8, "trend": 48.366333, "fair_value": 132.704038, "relative_strength": -47.460024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.282452, "energy": 60.119684, "activity_lines": [ 35.056667, 36.327091, 39.045405, 42.820871 ] }, { "date": "2025-08-29", "close": 37.7, "volume": 24967328, "typical_volume": 40523539.25, "trend": 47.547, "fair_value": 131.156795, "relative_strength": -46.441801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.591862, "energy": 39.789078, "activity_lines": [ 36.136667, 36.399182, 38.641405, 42.13272 ] }, { "date": "2025-09-05", "close": 39.65, "volume": 26351117, "typical_volume": 41295137.4, "trend": 46.751, "fair_value": 129.451346, "relative_strength": -42.664346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.65592, "energy": 23.275291, "activity_lines": [ 37.714, 36.792182, 38.49069, 41.623237 ] }, { "date": "2025-09-12", "close": 37.63, "volume": 35673422, "typical_volume": 40815346.1, "trend": 45.874, "fair_value": 127.654038, "relative_strength": -45.087435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.37778, "energy": 20.137505, "activity_lines": [ 38.07, 36.840273, 38.208976, 41.034785 ] }, { "date": "2025-09-19", "close": 38.42, "volume": 71916893, "typical_volume": 43221555.5, "trend": 44.993, "fair_value": 126.108718, "relative_strength": -43.489931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.068933, "energy": 18.992777, "activity_lines": [ 38.343333, 37.121818, 38.04631, 40.553882 ] }, { "date": "2025-09-26", "close": 36.5, "volume": 35830892, "typical_volume": 43433185.25, "trend": 44.298667, "fair_value": 124.564038, "relative_strength": -44.412368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.810519, "energy": 20.172421, "activity_lines": [ 37.738, 37.116727, 37.734786, 40.005946 ] }, { "date": "2025-10-03", "close": 36.8, "volume": 29787344, "typical_volume": 42207165.65, "trend": 43.471, "fair_value": 123.164359, "relative_strength": -43.059441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.515898, "energy": 23.755376, "activity_lines": [ 37.344667, 37.222182, 37.51981, 39.522161 ] }, { "date": "2025-10-10", "close": 34.27, "volume": 37275959, "typical_volume": 41241018.7, "trend": 42.675667, "fair_value": 121.859231, "relative_strength": -44.266992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.981238, "energy": 34.946682, "activity_lines": [ 36.168, 36.842364, 37.128643, 38.928548 ] }, { "date": "2025-10-17", "close": 36.56, "volume": 32365517, "typical_volume": 41513087.8, "trend": 41.843, "fair_value": 120.478205, "relative_strength": -40.585631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.377893, "energy": 31.188115, "activity_lines": [ 36.113333, 36.827273, 36.981143, 38.533989 ] }, { "date": "2025-10-24", "close": 36.23, "volume": 26146827, "typical_volume": 41340957.4, "trend": 40.995667, "fair_value": 118.753718, "relative_strength": -41.140511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.012819, "energy": 30.432471, "activity_lines": [ 36.02, 36.677273, 36.825214, 38.17186 ] }, { "date": "2025-10-31", "close": 30.51, "volume": 65125254, "typical_volume": 43244055.4, "trend": 40.103667, "fair_value": 117.138782, "relative_strength": -50.187461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.017029, "energy": 54.943483, "activity_lines": [ 34.166, 35.462, 36.148095, 37.495366 ] }, { "date": "2025-11-07", "close": 30.22, "volume": 46813649, "typical_volume": 42155580.3, "trend": 39.381333, "fair_value": 115.460641, "relative_strength": -48.26656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.976661, "energy": 59.914942, "activity_lines": [ 32.614667, 34.333455, 35.515214, 36.85771 ] }, { "date": "2025-11-14", "close": 28.68, "volume": 43344383, "typical_volume": 41440380.55, "trend": 38.586, "fair_value": 113.644872, "relative_strength": -50.096685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.993778, "energy": 71.968171, "activity_lines": [ 30.988667, 33.060909, 34.762476, 36.167301 ] }, { "date": "2025-11-21", "close": 26.93, "volume": 32414383, "typical_volume": 41177822.05, "trend": 37.922667, "fair_value": 111.769936, "relative_strength": -50.78604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.494663, "energy": 79.938524, "activity_lines": [ 29.152, 31.669636, 33.901167, 35.415301 ] }, { "date": "2025-11-28", "close": 28.85, "volume": 21133032, "typical_volume": 40445372.3, "trend": 37.365667, "fair_value": 109.801026, "relative_strength": -48.761474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.131185, "energy": 73.138996, "activity_lines": [ 28.597333, 30.822, 33.29719, 34.829968 ] }, { "date": "2025-12-05", "close": 31.25, "volume": 37076166, "typical_volume": 40647992.7, "trend": 36.714833, "fair_value": 107.952949, "relative_strength": -44.025578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.948408, "energy": 58.068525, "activity_lines": [ 29.334667, 30.584727, 32.983714, 34.435409 ] }, { "date": "2025-12-12", "close": 32.18, "volume": 30489819, "typical_volume": 38392446.05, "trend": 36.1075, "fair_value": 106.214423, "relative_strength": -40.117051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.634884, "energy": 38.91864, "activity_lines": [ 30.332667, 30.612, 32.798476, 34.142839 ] }, { "date": "2025-12-19", "close": 33.25, "volume": 30597879, "typical_volume": 38097680.75, "trend": 35.8945, "fair_value": 104.543269, "relative_strength": -37.305044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.518109, "energy": 21.639405, "activity_lines": [ 31.556667, 30.917818, 32.730524, 33.958484 ] }, { "date": "2025-12-26", "close": 33.0, "volume": 15536417, "typical_volume": 37024073.75, "trend": 35.614833, "fair_value": 103.056346, "relative_strength": -37.335556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.130483, "energy": 21.617919, "activity_lines": [ 32.392667, 31.196727, 32.630095, 33.771742 ] }, { "date": "2026-01-02", "close": 33.75, "volume": 18702980, "typical_volume": 35331427.65, "trend": 35.367167, "fair_value": 101.774936, "relative_strength": -33.501113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.139294, "energy": 20.157575, "activity_lines": [ 33.074, 31.676727, 32.598429, 33.65143 ] }, { "date": "2026-01-09", "close": 35.22, "volume": 29507735, "typical_volume": 34552849.8, "trend": 35.021167, "fair_value": 100.424872, "relative_strength": -30.881965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.387879, "energy": 16.91146, "activity_lines": [ 33.918667, 32.469091, 32.711952, 33.641935 ] }, { "date": "2026-01-16", "close": 34.98, "volume": 29175308, "typical_volume": 34763248.8, "trend": 34.992167, "fair_value": 99.222564, "relative_strength": -29.65304, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.618616, "energy": 14.819285, "activity_lines": [ 34.418667, 33.132182, 32.816714, 33.63928 ] }, { "date": "2026-01-23", "close": 39.46, "volume": 36116718, "typical_volume": 35251528.85, "trend": 34.944833, "fair_value": 98.128782, "relative_strength": -19.732891, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.772397, "energy": 36.711418, "activity_lines": [ 36.225333, 34.523273, 33.361095, 33.927527 ] }, { "date": "2026-01-30", "close": 36.98, "volume": 29360433, "typical_volume": 34935879.4, "trend": 34.7585, "fair_value": 96.936795, "relative_strength": -23.550361, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.158763, "energy": 43.482686, "activity_lines": [ 36.791333, 35.267455, 33.67019, 34.058828 ] }, { "date": "2026-02-06", "close": 49.8, "volume": 88187206, "typical_volume": 35749395.05, "trend": 35.023333, "fair_value": 95.896603, "relative_strength": 6.076218, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 92.310303, "energy": 83.34423, "activity_lines": [ 41.365333, 38.159818, 35.203333, 35.029247 ] }, { "date": "2026-02-13", "close": 43.49, "volume": 36503619, "typical_volume": 35783031.4, "trend": 35.153667, "fair_value": 94.861346, "relative_strength": -5.056596, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.746166, "energy": 77.21431, "activity_lines": [ 42.766, 39.524, 36.081333, 35.575484 ] }, { "date": "2026-02-20", "close": 46.56, "volume": 21409699, "typical_volume": 35364149.15, "trend": 35.525333, "fair_value": 93.884423, "relative_strength": 1.713842, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.833793, "energy": 81.294178, "activity_lines": [ 44.638667, 41.223818, 37.218429, 36.311376 ] }, { "date": "2026-02-27", "close": 42.27, "volume": 28247887, "typical_volume": 34912745.55, "trend": 35.886667, "fair_value": 92.763333, "relative_strength": -6.378584, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.520897, "energy": 70.452195, "activity_lines": [ 44.309333, 41.882182, 37.900476, 36.746516 ] }, { "date": "2026-03-06", "close": 40.23, "volume": 24742213, "typical_volume": 34531580.35, "trend": 36.146333, "fair_value": 91.673654, "relative_strength": -8.381588, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.609516, "energy": 42.550021, "activity_lines": [ 43.112667, 42.005636, 38.350143, 37.026731 ] }, { "date": "2026-03-13", "close": 44.07, "volume": 23149839, "typical_volume": 34381730.95, "trend": 36.454, "fair_value": 90.778974, "relative_strength": 2.665637, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.715343, "energy": 38.949972, "activity_lines": [ 42.979333, 42.695818, 39.148048, 37.537935 ] }, { "date": "2026-03-20", "close": 44.11, "volume": 24751673, "typical_volume": 32363051.9, "trend": 36.651667, "fair_value": 89.805385, "relative_strength": 6.311601, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.317192, "energy": 33.234754, "activity_lines": [ 43.241333, 43.205636, 39.912429, 38.031871 ] }, { "date": "2026-03-27", "close": 37.84, "volume": 25882898, "typical_volume": 31316514.35, "trend": 36.656333, "fair_value": 88.7, "relative_strength": -4.08394, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.248267, "energy": 19.565539, "activity_lines": [ 41.372, 42.413818, 40.014905, 38.108538 ] }, { "date": "2026-04-03", "close": 34.92, "volume": 20502043, "typical_volume": 30174397.35, "trend": 36.498667, "fair_value": 87.699487, "relative_strength": -13.051956, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.172155, "energy": 13.166989, "activity_lines": [ 39.110667, 41.039091, 39.803, 37.996516 ] }, { "date": "2026-04-10", "close": 31.185, "volume": 32775698, "typical_volume": 30192463.1, "trend": 36.283833, "fair_value": 86.560288, "relative_strength": -24.316442, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.193412, "energy": 23.060236, "activity_lines": [ 36.094333, 39.067818, 39.205667, 37.653699 ] }, { "date": "2026-04-17", "close": 32.48, "volume": 32852785, "typical_volume": 30778450.75, "trend": 36.085833, "fair_value": 85.335096, "relative_strength": -24.277172, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.507143, "energy": 29.058685, "activity_lines": [ 34.112667, 37.437364, 38.711405, 37.40829 ] }, { "date": "2026-04-24", "close": 35.77, "volume": 34882633, "typical_volume": 30668774.1, "trend": 36.0615, "fair_value": 84.511827, "relative_strength": -17.307334, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.743562, "energy": 28.812141, "activity_lines": [ 34.000333, 36.72, 38.51319, 37.387914 ] }, { "date": "2026-05-01", "close": 33.85, "volume": 47199122, "typical_volume": 31504239.25, "trend": 35.963167, "fair_value": 83.705417, "relative_strength": -21.939689, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.673491, "energy": 33.034995, "activity_lines": [ 33.804, 35.793909, 38.110595, 37.245237 ] }, { "date": "2026-05-08", "close": 36.45, "volume": 27314689, "typical_volume": 31340079.75, "trend": 36.035833, "fair_value": 82.865032, "relative_strength": -19.038761, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.835675, "energy": 22.341797, "activity_lines": [ 34.740333, 35.571636, 37.947667, 37.276645 ] }, { "date": "2026-05-15", "close": 52.89, "volume": 59756383, "typical_volume": 33551078.05, "trend": 36.580167, "fair_value": 82.163237, "relative_strength": 18.665544, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 60.118892, "energy": 35.095516, "activity_lines": [ 41.054667, 38.444273, 39.335214, 38.364011 ] }, { "date": "2026-05-22", "close": 64.03, "volume": 60717038, "typical_volume": 35651780.95, "trend": 37.506833, "fair_value": 81.514712, "relative_strength": 41.455202, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 84.300961, "energy": 77.052378, "activity_lines": [ 49.635333, 43.112182, 41.689, 40.134968 ] }, { "date": "2026-05-29", "close": 68.36, "volume": 38763907, "typical_volume": 36114589.55, "trend": 38.7685, "fair_value": 80.787147, "relative_strength": 46.212609, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.696422, "energy": 92.340226, "activity_lines": [ 57.556, 48.204455, 44.310976, 42.125495 ] }, { "date": "2026-06-05", "close": 56.07, "volume": 36863374, "typical_volume": 36498992.85, "trend": 39.630167, "fair_value": 80.027468, "relative_strength": 25.523346, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.35482, "energy": 82.811106, "activity_lines": [ 59.207333, 50.621273, 45.604667, 43.24172 ] }, { "date": "2026-06-12", "close": 54.59, "volume": 34286814, "typical_volume": 36407497.65, "trend": 40.493833, "fair_value": 79.211955, "relative_strength": 19.858488, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.608167, "energy": 79.514899, "activity_lines": [ 58.884, 52.437545, 46.656976, 44.206871 ] }, { "date": "2026-06-19", "close": 52.28, "volume": 33887231, "typical_volume": 36633837.55, "trend": 41.338833, "fair_value": 78.52984, "relative_strength": 11.720563, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.62676, "energy": 52.312964, "activity_lines": [ 56.581333, 53.476182, 47.417238, 44.967269 ] }, { "date": "2026-06-26", "close": 47.58, "volume": 32817119, "typical_volume": 33865333.2, "trend": 41.963167, "fair_value": 77.76125, "relative_strength": 6.710738, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.31659, "energy": 27.739361, "activity_lines": [ 52.752667, 53.276727, 47.657024, 45.369925 ] }, { "date": "2026-07-03", "close": 43.07, "volume": 36874143, "typical_volume": 33883859.4, "trend": 42.357167, "fair_value": 76.972147, "relative_strength": -3.747991, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.771591, "energy": 18.802356, "activity_lines": [ 48.517333, 51.982727, 47.477857, 45.441333 ] }, { "date": "2026-07-10", "close": 44.83, "volume": 22794074, "typical_volume": 33953078.15, "trend": 42.778833, "fair_value": 76.118878, "relative_strength": -1.17347, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.232337, "energy": 20.934804, "activity_lines": [ 46.554667, 50.876, 47.46831, 45.600871 ] }, { "date": "2026-07-17", "close": 41.57, "volume": 17098930, "typical_volume": 33395630.3, "trend": 43.056167, "fair_value": 75.24766, "relative_strength": -4.058068, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.853894, "energy": 19.457761, "activity_lines": [ 44.254667, 48.976909, 47.156524, 45.522882 ] }, { "date": "2026-07-24", "close": 36.7, "volume": 18561627, "typical_volume": 33086601.0, "trend": 43.1795, "fair_value": 74.493622, "relative_strength": -13.680944, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.585184, "energy": 26.802532, "activity_lines": [ 41.199333, 46.099273, 46.384262, 45.112806 ] }, { "date": "2026-07-31", "close": 37.54, "volume": 34071198, "typical_volume": 33632668.95, "trend": 43.305833, "fair_value": 73.836827, "relative_strength": -12.122809, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.731153, "energy": 27.052465, "activity_lines": [ 39.462667, 43.668727, 45.70881, 44.748968 ] }, { "date": "2026-08-07", "close": 41.87, "volume": 26621496, "typical_volume": 33726160.1, "trend": 43.5275, "fair_value": 73.238558, "relative_strength": -6.772511, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.016652, "energy": 25.139055, "activity_lines": [ 39.838667, 42.507091, 45.476833, 44.656333 ] } ], "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." } } }