{ "ticker": { "uuid": "7a944193-f62c-4f62-bbcb-8bdf35b6da15", "symbol": "TARS", "name": "Tarsus Pharmaceuticals\u00a0Inc", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 85.094, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -38.005, "architecture_energy": 20.422, "architecture_maturity": 33.394, "architecture_confidence": 92.251, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 38.94, "rotation_up": 26.26, "upward_expansion": 6.24, "deceleration": 45.96, "rotation_down": 42.46, "downward_expansion": 74.91 }, "activity_lines": [ 60.928667, 61.234, 61.737714, 63.006667 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 64.79, "trend_reference": 64.570667, "distance_from_trend": 0.003397, "trend_direction": "Weakening", "fair_value": 45.243397, "distance_from_fair_value": 0.432032, "fair_value_direction": "Weakening", "relative_strength": -15.04243, "relative_strength_direction": "Improving", "price_momentum": 0.002631, "excess_performance": -0.184823, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.003397, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.081333, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.432032, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.037164, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.150424, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.017408, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.002631, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.038007, "read": "Demand-led" } ], "volume": { "latest": 4359923, "relative_activity": 1.096261, "balance": 1.038007, "dry_up": 1.26634, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.111169, "annualized_volatility": 0.422652, "from_high_reference": -0.24, "from_low_reference": 0.361134 }, "levels": { "trend_reference": 64.570667, "fair_value_reference": 45.243397, "structural_low": 53.89, "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": 17, "median_return": 0.028501, "positive_rate": 0.529412, "directional_follow_through": 0.470588, "median_excess_return": -0.004852, "regime_survival": 0.705882, "best_return": 0.379518, "worst_return": -0.241417, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.093274, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.100815, "regime_survival": 0.375, "best_return": 0.840596, "worst_return": -0.174972, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.8617, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.66609, "regime_survival": 0.0, "best_return": 1.117916, "worst_return": -0.113511, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.568073, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.295173, "regime_survival": 0.75, "best_return": 1.1699, "worst_return": -0.172204, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-19", "end": "2024-06-28", "tenure": "Established", "return": 0.157581, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-05", "end": "2024-08-02", "tenure": "Developing", "return": -0.217001, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-09-20", "tenure": "Developing", "return": 0.285289, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-11-01", "tenure": "Developing", "return": 0.454937, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2025-01-24", "tenure": "Developing", "return": -0.01295, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-04-25", "tenure": "Established", "return": -0.06994, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-23", "tenure": "New", "return": -0.092483, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-30", "end": "2025-08-08", "tenure": "Developing", "return": 0.114086, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": 0.063088, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-01-16", "tenure": "Established", "return": 0.441248, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.110884, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": 0.099835, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-05-01", "tenure": "Developing", "return": -0.063861, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.058487, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.12, "volume": 1682905, "typical_volume": 1581173.5, "trend": 16.205667, "fair_value": 21.995839, "relative_strength": -8.697282, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.487744, "energy": 17.879506, "activity_lines": [ 18.302, 18.820727, 18.152143, 17.171161 ] }, { "date": "2023-08-25", "close": 17.38, "volume": 1093399, "typical_volume": 1611889.7, "trend": 16.247667, "fair_value": 21.965067, "relative_strength": -8.763711, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.399604, "energy": 24.3713, "activity_lines": [ 17.526, 18.551091, 18.180333, 17.246925 ] }, { "date": "2023-09-01", "close": 16.66, "volume": 1183311, "typical_volume": 1631332.6, "trend": 16.261, "fair_value": 21.929934, "relative_strength": -15.428834, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.09659, "energy": 20.588087, "activity_lines": [ 16.992667, 18.171091, 18.117048, 17.273527 ] }, { "date": "2023-09-08", "close": 16.05, "volume": 1646404, "typical_volume": 1620126.45, "trend": 16.294, "fair_value": 21.89125, "relative_strength": -17.132771, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.328261, "energy": 15.851899, "activity_lines": [ 16.672667, 17.709091, 17.971429, 17.259914 ] }, { "date": "2023-09-15", "close": 16.14, "volume": 2660772, "typical_volume": 1710492.65, "trend": 16.315667, "fair_value": 21.85366, "relative_strength": -16.021989, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.505886, "energy": 14.45784, "activity_lines": [ 16.450667, 17.300182, 17.829143, 17.249978 ] }, { "date": "2023-09-22", "close": 16.95, "volume": 2026335, "typical_volume": 1792652.1, "trend": 16.377333, "fair_value": 21.821818, "relative_strength": -8.383021, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.326503, "energy": 13.186612, "activity_lines": [ 16.544, 17.065273, 17.75819, 17.290903 ] }, { "date": "2023-09-29", "close": 17.77, "volume": 1571221, "typical_volume": 1830247.6, "trend": 16.471, "fair_value": 21.795677, "relative_strength": -3.512665, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.557237, "energy": 10.117564, "activity_lines": [ 16.922, 16.992182, 17.757714, 17.380753 ] }, { "date": "2023-10-06", "close": 17.57, "volume": 2725376, "typical_volume": 1898475.25, "trend": 16.581333, "fair_value": 21.76859, "relative_strength": -5.780367, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.975694, "energy": 10.202185, "activity_lines": [ 17.207333, 17.007273, 17.732095, 17.451656 ] }, { "date": "2023-10-13", "close": 12.98, "volume": 2898116, "typical_volume": 2020577.7, "trend": 16.589, "fair_value": 21.719872, "relative_strength": -29.710984, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.618871, "energy": 19.773374, "activity_lines": [ 15.902, 16.284909, 17.262619, 17.219312 ] }, { "date": "2023-10-20", "close": 13.11, "volume": 2412136, "typical_volume": 2101539.6, "trend": 16.628667, "fair_value": 21.653269, "relative_strength": -26.264237, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.648895, "energy": 45.247335, "activity_lines": [ 14.844667, 15.660545, 16.819619, 16.99486 ] }, { "date": "2023-10-27", "close": 13.76, "volume": 1934630, "typical_volume": 2121900.75, "trend": 16.668333, "fair_value": 21.610449, "relative_strength": -19.689305, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.306655, "energy": 59.819067, "activity_lines": [ 14.206, 15.221818, 16.457333, 16.809785 ] }, { "date": "2023-11-03", "close": 16.0, "volume": 1411427, "typical_volume": 2128898.95, "trend": 16.782667, "fair_value": 21.551474, "relative_strength": -11.450291, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.378846, "energy": 69.947699, "activity_lines": [ 14.526667, 15.251455, 16.328762, 16.766667 ] }, { "date": "2023-11-10", "close": 17.47, "volume": 4907483, "typical_volume": 2291155.15, "trend": 16.979333, "fair_value": 21.50641, "relative_strength": -5.42317, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.510163, "energy": 39.310573, "activity_lines": [ 15.455333, 15.573455, 16.352143, 16.811011 ] }, { "date": "2023-11-17", "close": 18.86, "volume": 3823904, "typical_volume": 2440709.95, "trend": 17.109667, "fair_value": 21.479872, "relative_strength": 0.496867, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.130115, "energy": 13.385585, "activity_lines": [ 16.854, 16.133455, 16.511619, 16.932344 ] }, { "date": "2023-11-24", "close": 17.32, "volume": 2169257, "typical_volume": 2530619.3, "trend": 17.189667, "fair_value": 21.447436, "relative_strength": -7.987443, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.459345, "energy": 18.072468, "activity_lines": [ 17.347333, 16.362364, 16.520667, 16.945914 ] }, { "date": "2023-12-01", "close": 15.86, "volume": 3191373, "typical_volume": 2670820.2, "trend": 17.206667, "fair_value": 21.389487, "relative_strength": -15.189463, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.643781, "energy": 23.615116, "activity_lines": [ 17.073333, 16.304364, 16.392048, 16.860129 ] }, { "date": "2023-12-08", "close": 17.29, "volume": 2930391, "typical_volume": 2691045.05, "trend": 17.233333, "fair_value": 21.27859, "relative_strength": -7.654652, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.955782, "energy": 14.353183, "activity_lines": [ 17.136, 16.526182, 16.408143, 16.865505 ] }, { "date": "2023-12-15", "close": 19.05, "volume": 3136704, "typical_volume": 2556900.4, "trend": 17.329667, "fair_value": 21.082628, "relative_strength": -1.24961, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.848975, "energy": 23.298408, "activity_lines": [ 17.699333, 17.076727, 16.626762, 16.98271 ] }, { "date": "2023-12-22", "close": 19.82, "volume": 4416152, "typical_volume": 2472783.75, "trend": 17.459, "fair_value": 20.927564, "relative_strength": 2.025303, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.642191, "energy": 33.618577, "activity_lines": [ 18.414, 17.740364, 16.937095, 17.143376 ] }, { "date": "2023-12-29", "close": 20.25, "volume": 2121530, "typical_volume": 2497141.3, "trend": 17.565333, "fair_value": 20.792436, "relative_strength": 4.146015, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.638825, "energy": 51.853105, "activity_lines": [ 19.208, 18.357818, 17.275286, 17.323441 ] }, { "date": "2024-01-05", "close": 19.61, "volume": 1708483, "typical_volume": 2498420.2, "trend": 17.617667, "fair_value": 20.63109, "relative_strength": 4.380185, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.652291, "energy": 56.044084, "activity_lines": [ 19.593333, 18.729091, 17.53619, 17.455355 ] }, { "date": "2024-01-12", "close": 22.1, "volume": 3578881, "typical_volume": 2622694.3, "trend": 17.737333, "fair_value": 20.496026, "relative_strength": 13.868935, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.178984, "energy": 80.175861, "activity_lines": [ 20.558667, 19.446727, 18.022381, 17.744538 ] }, { "date": "2024-01-19", "close": 23.48, "volume": 3054235, "typical_volume": 2716240.5, "trend": 17.911667, "fair_value": 20.385513, "relative_strength": 17.519123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.547357, "energy": 85.954854, "activity_lines": [ 21.663333, 20.304364, 18.617524, 18.115032 ] }, { "date": "2024-01-26", "close": 25.8, "volume": 3477290, "typical_volume": 2807784.8, "trend": 18.169333, "fair_value": 20.309231, "relative_strength": 28.013551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.902691, "energy": 91.675539, "activity_lines": [ 23.246, 21.474545, 19.401143, 18.623957 ] }, { "date": "2024-02-02", "close": 28.54, "volume": 4718587, "typical_volume": 2910675.55, "trend": 18.533667, "fair_value": 20.22391, "relative_strength": 39.157815, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.302871, "energy": 96.53819, "activity_lines": [ 25.343333, 23.016727, 20.399286, 19.293032 ] }, { "date": "2024-02-09", "close": 31.15, "volume": 3661911, "typical_volume": 2992454.35, "trend": 18.983667, "fair_value": 20.185385, "relative_strength": 47.859991, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.82276, "energy": 97.296172, "activity_lines": [ 27.758, 24.829455, 21.586952, 20.106989 ] }, { "date": "2024-02-16", "close": 30.7, "volume": 3203679, "typical_volume": 3074077.25, "trend": 19.186333, "fair_value": 20.133718, "relative_strength": 46.774574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.030718, "energy": 93.698337, "activity_lines": [ 29.253333, 26.282364, 22.664143, 20.862882 ] }, { "date": "2024-02-23", "close": 31.7, "volume": 3610907, "typical_volume": 3118353.8, "trend": 19.479333, "fair_value": 20.104551, "relative_strength": 48.199181, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.653143, "energy": 92.800874, "activity_lines": [ 30.508667, 27.673273, 23.775, 21.670215 ] }, { "date": "2024-03-01", "close": 36.95, "volume": 8684859, "typical_volume": 3407690.95, "trend": 20.142, "fair_value": 20.139231, "relative_strength": 67.17643, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.743046, "energy": 94.462596, "activity_lines": [ 32.966, 29.788727, 25.318571, 22.797355 ] }, { "date": "2024-03-08", "close": 33.33, "volume": 3218869, "typical_volume": 3448027.6, "trend": 20.692333, "fair_value": 20.138141, "relative_strength": 51.524924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.929126, "energy": 67.475944, "activity_lines": [ 33.473333, 30.934545, 26.403238, 23.648194 ] }, { "date": "2024-03-15", "close": 31.58, "volume": 3482984, "typical_volume": 3525445.3, "trend": 21.174333, "fair_value": 20.135064, "relative_strength": 43.562833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.883237, "energy": 65.53221, "activity_lines": [ 33.078, 31.524364, 27.224952, 24.350624 ] }, { "date": "2024-03-22", "close": 33.61, "volume": 2226063, "typical_volume": 3566177.1, "trend": 21.715333, "fair_value": 20.162692, "relative_strength": 46.297903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.784414, "energy": 63.406179, "activity_lines": [ 33.330667, 32.265636, 28.155143, 25.152925 ] }, { "date": "2024-03-29", "close": 36.35, "volume": 2234479, "typical_volume": 3432526.9, "trend": 22.371667, "fair_value": 20.184615, "relative_strength": 56.586083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.223091, "energy": 62.481505, "activity_lines": [ 34.302667, 33.295818, 29.262429, 26.097097 ] }, { "date": "2024-04-05", "close": 34.74, "volume": 2760090, "typical_volume": 3379336.2, "trend": 22.994667, "fair_value": 20.224231, "relative_strength": 48.715385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.319363, "energy": 55.2366, "activity_lines": [ 34.428, 33.799273, 30.126476, 26.895054 ] }, { "date": "2024-04-12", "close": 36.17, "volume": 2858140, "typical_volume": 3413780.35, "trend": 23.662333, "fair_value": 20.272692, "relative_strength": 53.062846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.577996, "energy": 57.424122, "activity_lines": [ 35.177333, 34.400182, 31.051095, 27.745075 ] }, { "date": "2024-04-19", "close": 32.44, "volume": 2088360, "typical_volume": 3358629.7, "trend": 24.178667, "fair_value": 20.28391, "relative_strength": 43.526649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.326381, "energy": 47.943752, "activity_lines": [ 34.494, 34.184182, 31.530714, 28.311376 ] }, { "date": "2024-04-26", "close": 32.04, "volume": 1589549, "typical_volume": 3291587.6, "trend": 24.654333, "fair_value": 20.292372, "relative_strength": 35.055904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.185891, "energy": 35.40415, "activity_lines": [ 33.62, 33.872, 31.893286, 28.818559 ] }, { "date": "2024-05-03", "close": 36.85, "volume": 3039491, "typical_volume": 3286726.95, "trend": 25.297, "fair_value": 20.33641, "relative_strength": 51.783647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.904804, "energy": 42.26021, "activity_lines": [ 34.454, 34.41, 32.643714, 29.605376 ] }, { "date": "2024-05-10", "close": 37.0, "volume": 4714560, "typical_volume": 3301647.35, "trend": 26.097667, "fair_value": 20.384744, "relative_strength": 48.462131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.079695, "energy": 39.073911, "activity_lines": [ 35.304667, 34.881636, 33.323667, 30.360409 ] }, { "date": "2024-05-17", "close": 38.24, "volume": 2533694, "typical_volume": 3322255.55, "trend": 26.935333, "fair_value": 20.425192, "relative_strength": 48.306491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.808786, "energy": 44.586583, "activity_lines": [ 36.418, 35.577818, 34.039905, 31.143785 ] }, { "date": "2024-05-24", "close": 35.01, "volume": 1847941, "typical_volume": 3329228.45, "trend": 27.643667, "fair_value": 20.436026, "relative_strength": 32.586533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.181782, "energy": 40.497696, "activity_lines": [ 36.316667, 35.597455, 34.362857, 31.664731 ] }, { "date": "2024-05-31", "close": 32.96, "volume": 2048461, "typical_volume": 3252707.45, "trend": 28.209, "fair_value": 20.430128, "relative_strength": 25.791607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.480663, "energy": 33.285572, "activity_lines": [ 35.360667, 35.182, 34.417238, 32.00772 ] }, { "date": "2024-06-07", "close": 32.2, "volume": 2283409, "typical_volume": 3214166.15, "trend": 28.7, "fair_value": 20.410449, "relative_strength": 18.918505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.539095, "energy": 19.0701, "activity_lines": [ 34.09, 34.640182, 34.347524, 32.265204 ] }, { "date": "2024-06-14", "close": 30.98, "volume": 3722558, "typical_volume": 3226429.55, "trend": 29.104, "fair_value": 20.385897, "relative_strength": 10.031022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 7.683481, "energy": 12.486958, "activity_lines": [ 32.722667, 33.952, 34.120095, 32.412301 ] }, { "date": "2024-06-21", "close": 26.08, "volume": 3266406, "typical_volume": 3153820.5, "trend": 29.396, "fair_value": 20.363974, "relative_strength": -7.675215, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -15.75112, "energy": 26.178454, "activity_lines": [ 30.123333, 32.441273, 33.401333, 32.217204 ] }, { "date": "2024-06-28", "close": 27.18, "volume": 5594890, "typical_volume": 3250469.45, "trend": 29.773333, "fair_value": 20.354615, "relative_strength": -3.955365, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -30.00537, "energy": 43.87011, "activity_lines": [ 28.701333, 31.314, 32.799048, 32.074237 ] }, { "date": "2024-07-05", "close": 27.88, "volume": 2927126, "typical_volume": 3236641.8, "trend": 30.126333, "fair_value": 20.346026, "relative_strength": -5.107537, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.592776, "energy": 49.856258, "activity_lines": [ 28.034667, 30.409636, 32.282333, 31.952086 ] }, { "date": "2024-07-12", "close": 29.43, "volume": 2722448, "typical_volume": 3192218.85, "trend": 30.472333, "fair_value": 20.371923, "relative_strength": 0.030201, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.074732, "energy": 47.261916, "activity_lines": [ 28.223333, 29.862727, 31.926667, 31.907161 ] }, { "date": "2024-07-19", "close": 27.04, "volume": 3043514, "typical_volume": 2910151.6, "trend": 30.713, "fair_value": 20.379167, "relative_strength": -4.024221, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.469192, "energy": 41.22403, "activity_lines": [ 27.8, 29.016182, 31.35419, 31.68572 ] }, { "date": "2024-07-26", "close": 25.01, "volume": 4450630, "typical_volume": 2971739.65, "trend": 30.871667, "fair_value": 20.394808, "relative_strength": -8.695165, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.411112, "energy": 37.867408, "activity_lines": [ 26.962667, 27.981636, 30.635571, 31.317785 ] }, { "date": "2024-08-02", "close": 21.83, "volume": 3500590, "typical_volume": 2972619.95, "trend": 30.945667, "fair_value": 20.374487, "relative_strength": -17.84446, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.066488, "energy": 67.89741, "activity_lines": [ 25.136667, 26.609455, 29.653714, 30.734452 ] }, { "date": "2024-08-09", "close": 26.85, "volume": 6705204, "typical_volume": 3196577.0, "trend": 31.104, "fair_value": 20.380064, "relative_strength": 0.240265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.77923, "energy": 61.589114, "activity_lines": [ 25.340667, 26.389636, 29.196381, 30.470215 ] }, { "date": "2024-08-16", "close": 25.69, "volume": 4443832, "typical_volume": 3307044.65, "trend": 31.177667, "fair_value": 20.39141, "relative_strength": -9.235796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.80009, "energy": 56.619022, "activity_lines": [ 25.226667, 26.07, 28.660762, 30.120925 ] }, { "date": "2024-08-23", "close": 25.53, "volume": 2306510, "typical_volume": 3284365.65, "trend": 31.168667, "fair_value": 20.391667, "relative_strength": -10.882097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.661985, "energy": 49.83656, "activity_lines": [ 25.308667, 25.839636, 28.160667, 29.756559 ] }, { "date": "2024-08-30", "close": 27.11, "volume": 2820988, "typical_volume": 3282508.05, "trend": 31.121, "fair_value": 20.394487, "relative_strength": -5.008087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.355136, "energy": 28.375126, "activity_lines": [ 26.018, 25.995636, 27.854905, 29.49471 ] }, { "date": "2024-09-06", "close": 30.59, "volume": 3976575, "typical_volume": 3376918.8, "trend": 31.102333, "fair_value": 20.447628, "relative_strength": 12.875691, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.862467, "energy": 16.022425, "activity_lines": [ 27.747333, 26.765636, 27.923714, 29.460452 ] }, { "date": "2024-09-13", "close": 33.26, "volume": 3366847, "typical_volume": 3465783.7, "trend": 31.187667, "fair_value": 20.514872, "relative_strength": 14.890743, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.216464, "energy": 14.664559, "activity_lines": [ 29.782667, 27.959091, 28.255619, 29.599656 ] }, { "date": "2024-09-20", "close": 34.51, "volume": 3759245, "typical_volume": 3501771.4, "trend": 31.281333, "fair_value": 20.590064, "relative_strength": 16.573907, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 33.465371, "energy": 35.991105, "activity_lines": [ 31.807333, 29.282, 28.700762, 29.814 ] }, { "date": "2024-09-27", "close": 32.51, "volume": 2237909, "typical_volume": 3377938.85, "trend": 31.133333, "fair_value": 20.659551, "relative_strength": 8.123049, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.860036, "energy": 34.529552, "activity_lines": [ 32.577333, 30.148909, 28.966571, 29.893269 ] }, { "date": "2024-10-04", "close": 33.89, "volume": 1989860, "typical_volume": 3350747.15, "trend": 31.152, "fair_value": 20.719231, "relative_strength": 11.84835, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.768206, "energy": 47.839596, "activity_lines": [ 33.342, 31.167273, 29.38519, 30.071118 ] }, { "date": "2024-10-11", "close": 35.71, "volume": 2493316, "typical_volume": 3383015.9, "trend": 31.289667, "fair_value": 20.765321, "relative_strength": 15.108941, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.702762, "energy": 56.830931, "activity_lines": [ 34.261333, 32.355091, 29.997857, 30.365183 ] }, { "date": "2024-10-18", "close": 36.62, "volume": 2478585, "typical_volume": 3404522.1, "trend": 31.39, "fair_value": 20.824038, "relative_strength": 16.465284, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.513218, "energy": 52.099897, "activity_lines": [ 35.142667, 33.456, 30.693857, 30.709075 ] }, { "date": "2024-10-25", "close": 39.41, "volume": 4611614, "typical_volume": 3520932.35, "trend": 31.492, "fair_value": 20.898718, "relative_strength": 23.648477, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.256217, "energy": 67.282205, "activity_lines": [ 36.73, 34.886545, 31.638143, 31.226495 ] }, { "date": "2024-11-01", "close": 47.3, "volume": 7192012, "typical_volume": 3694405.05, "trend": 31.910667, "fair_value": 21.023269, "relative_strength": 48.444028, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 92.506462, "energy": 91.672739, "activity_lines": [ 40.620667, 37.502182, 33.299524, 32.246366 ] }, { "date": "2024-11-08", "close": 49.42, "volume": 5119077, "typical_volume": 3787038.6, "trend": 32.352333, "fair_value": 21.165769, "relative_strength": 44.923735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.074797, "energy": 95.994442, "activity_lines": [ 44.232, 40.107455, 35.085095, 33.376 ] }, { "date": "2024-11-15", "close": 44.83, "volume": 5196941, "typical_volume": 3767141.15, "trend": 32.765333, "fair_value": 21.292436, "relative_strength": 34.512589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.646689, "energy": 86.991061, "activity_lines": [ 45.278, 41.472545, 36.322381, 34.181011 ] }, { "date": "2024-11-22", "close": 48.24, "volume": 2639326, "typical_volume": 3752751.15, "trend": 33.305333, "fair_value": 21.44141, "relative_strength": 40.07471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.387179, "energy": 88.822914, "activity_lines": [ 46.852667, 43.198727, 37.800381, 35.179376 ] }, { "date": "2024-11-29", "close": 52.45, "volume": 1848796, "typical_volume": 3709068.55, "trend": 33.825333, "fair_value": 21.619167, "relative_strength": 48.520726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.28719, "energy": 87.679702, "activity_lines": [ 49.056, 45.418, 39.582381, 36.414516 ] }, { "date": "2024-12-06", "close": 51.79, "volume": 2203416, "typical_volume": 3667063.65, "trend": 34.318333, "fair_value": 21.799103, "relative_strength": 39.892744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.013533, "energy": 68.605423, "activity_lines": [ 50.17, 47.191091, 41.191905, 37.573527 ] }, { "date": "2024-12-13", "close": 52.5, "volume": 2921361, "typical_volume": 3590600.2, "trend": 34.793667, "fair_value": 21.970321, "relative_strength": 38.768298, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.14397, "energy": 71.973459, "activity_lines": [ 51.221333, 48.742727, 42.75119, 38.746538 ] }, { "date": "2024-12-20", "close": 52.91, "volume": 3249158, "typical_volume": 3578028.6, "trend": 35.390333, "fair_value": 22.143269, "relative_strength": 41.027702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.104767, "energy": 66.400047, "activity_lines": [ 52.204, 50.030545, 44.218619, 39.915333 ] }, { "date": "2024-12-27", "close": 55.0, "volume": 1313419, "typical_volume": 3308439.35, "trend": 36.125, "fair_value": 22.351603, "relative_strength": 43.163066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.276189, "energy": 67.392323, "activity_lines": [ 53.344667, 51.385636, 45.737095, 41.180473 ] }, { "date": "2025-01-03", "close": 55.67, "volume": 2667827, "typical_volume": 3219639.1, "trend": 36.907333, "fair_value": 22.562115, "relative_strength": 43.850628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.020681, "energy": 66.604289, "activity_lines": [ 54.258, 52.528364, 47.185333, 42.441441 ] }, { "date": "2025-01-10", "close": 52.69, "volume": 4432941, "typical_volume": 3325960.65, "trend": 37.631, "fair_value": 22.766859, "relative_strength": 37.450833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.897126, "energy": 58.617442, "activity_lines": [ 53.963333, 52.833636, 48.207, 43.459677 ] }, { "date": "2025-01-17", "close": 46.52, "volume": 4043534, "typical_volume": 3387087.95, "trend": 38.312333, "fair_value": 22.953654, "relative_strength": 16.986249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.600176, "energy": 40.838316, "activity_lines": [ 51.552, 51.919091, 48.511714, 44.033161 ] }, { "date": "2025-01-24", "close": 48.78, "volume": 2053972, "typical_volume": 3290957.8, "trend": 39.032333, "fair_value": 23.141346, "relative_strength": 19.908345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.323827, "energy": 30.177951, "activity_lines": [ 50.292667, 51.468182, 48.939238, 44.708495 ] }, { "date": "2025-01-31", "close": 53.76, "volume": 2290607, "typical_volume": 3237145.8, "trend": 39.895, "fair_value": 23.373462, "relative_strength": 32.809648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.974418, "energy": 29.711537, "activity_lines": [ 50.968667, 51.850909, 49.754429, 45.658667 ] }, { "date": "2025-02-07", "close": 52.95, "volume": 2339864, "typical_volume": 3166176.75, "trend": 40.679, "fair_value": 23.62, "relative_strength": 29.699625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.615578, "energy": 27.433966, "activity_lines": [ 51.457333, 51.986, 50.394857, 46.500925 ] }, { "date": "2025-02-14", "close": 50.22, "volume": 2274530, "typical_volume": 3168007.8, "trend": 41.451667, "fair_value": 23.839359, "relative_strength": 18.898728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.947488, "energy": 29.087831, "activity_lines": [ 51.217333, 51.615636, 50.687476, 47.116473 ] }, { "date": "2025-02-21", "close": 47.84, "volume": 1847468, "typical_volume": 3160888.2, "trend": 42.212667, "fair_value": 24.032308, "relative_strength": 15.355809, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.703153, "energy": 25.007641, "activity_lines": [ 50.348667, 50.841091, 50.669095, 47.528624 ] }, { "date": "2025-02-28", "close": 44.48, "volume": 5402251, "typical_volume": 3306334.95, "trend": 42.967667, "fair_value": 24.195064, "relative_strength": 10.92253, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.56169, "energy": 9.253482, "activity_lines": [ 48.272, 49.540364, 50.264286, 47.674903 ] }, { "date": "2025-03-07", "close": 46.47, "volume": 2737264, "typical_volume": 3319268.9, "trend": 43.621667, "fair_value": 24.373526, "relative_strength": 19.218365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.383698, "energy": 16.132644, "activity_lines": [ 47.145333, 48.754727, 50.007238, 47.90086 ] }, { "date": "2025-03-14", "close": 48.09, "volume": 3290939, "typical_volume": 3253235.15, "trend": 44.368333, "fair_value": 24.568013, "relative_strength": 25.669693, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.864979, "energy": 16.917638, "activity_lines": [ 47.044667, 48.418727, 49.857571, 48.18914 ] }, { "date": "2025-03-21", "close": 49.97, "volume": 3200471, "typical_volume": 3053658.1, "trend": 45.183, "fair_value": 24.777179, "relative_strength": 29.380106, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.949663, "energy": 13.403278, "activity_lines": [ 47.894667, 48.562364, 49.845619, 48.550538 ] }, { "date": "2025-03-28", "close": 51.74, "volume": 4238139, "typical_volume": 3009611.2, "trend": 46.004, "fair_value": 24.99859, "relative_strength": 36.251288, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.95376, "energy": 16.22001, "activity_lines": [ 49.351333, 49.077273, 49.989524, 48.97357 ] }, { "date": "2025-04-04", "close": 47.02, "volume": 3152852, "typical_volume": 2907406.75, "trend": 46.551667, "fair_value": 25.186474, "relative_strength": 36.343823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.580204, "energy": 11.560409, "activity_lines": [ 48.974667, 48.639091, 49.672857, 49.039118 ] }, { "date": "2025-04-11", "close": 46.43, "volume": 4436714, "typical_volume": 2997276.15, "trend": 46.990667, "fair_value": 25.366282, "relative_strength": 24.669153, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.451699, "energy": 9.041293, "activity_lines": [ 48.232, 48.125636, 49.289571, 49.031269 ] }, { "date": "2025-04-18", "close": 49.25, "volume": 1558817, "typical_volume": 2982777.2, "trend": 47.482, "fair_value": 25.566218, "relative_strength": 34.293934, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.030174, "energy": 10.876029, "activity_lines": [ 48.432, 48.258182, 49.183476, 49.177032 ] }, { "date": "2025-04-25", "close": 50.0, "volume": 3257770, "typical_volume": 3035494.9, "trend": 48.065, "fair_value": 25.769359, "relative_strength": 27.209152, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.781978, "energy": 10.589563, "activity_lines": [ 48.804667, 48.594364, 49.164048, 49.339484 ] }, { "date": "2025-05-02", "close": 47.36, "volume": 4673329, "typical_volume": 3123093.3, "trend": 48.514, "fair_value": 26.001923, "relative_strength": 16.166477, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.453254, "energy": 9.299467, "activity_lines": [ 48.295333, 48.454545, 48.901714, 49.294 ] }, { "date": "2025-05-09", "close": 44.76, "volume": 2927193, "typical_volume": 3106995.05, "trend": 48.815667, "fair_value": 26.204679, "relative_strength": 9.792228, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.937576, "energy": 22.154096, "activity_lines": [ 47.211333, 47.850727, 48.416238, 49.051806 ] }, { "date": "2025-05-16", "close": 43.7, "volume": 5253147, "typical_volume": 3303981.45, "trend": 49.051667, "fair_value": 26.396987, "relative_strength": 0.329815, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.49701, "energy": 44.737974, "activity_lines": [ 45.924667, 47.049091, 47.868619, 48.721763 ] }, { "date": "2025-05-23", "close": 42.98, "volume": 2179044, "typical_volume": 3279542.3, "trend": 49.170667, "fair_value": 26.580449, "relative_strength": 0.88048, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.136631, "energy": 55.962859, "activity_lines": [ 44.58, 46.166909, 47.306238, 48.330043 ] }, { "date": "2025-05-30", "close": 42.95, "volume": 2225963, "typical_volume": 3169193.4, "trend": 49.025667, "fair_value": 26.766987, "relative_strength": -1.314547, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.613848, "energy": 61.535235, "activity_lines": [ 43.643333, 45.372182, 46.801429, 47.92871 ] }, { "date": "2025-06-06", "close": 43.92, "volume": 2660861, "typical_volume": 3100059.75, "trend": 48.842333, "fair_value": 26.964103, "relative_strength": -1.43614, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.055746, "energy": 56.843603, "activity_lines": [ 43.5, 44.881455, 46.435381, 47.599312 ] }, { "date": "2025-06-13", "close": 40.89, "volume": 2948247, "typical_volume": 3144773.5, "trend": 48.711, "fair_value": 27.143077, "relative_strength": -7.984668, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.137568, "energy": 59.796032, "activity_lines": [ 42.576, 43.982, 45.793143, 47.086258 ] }, { "date": "2025-06-20", "close": 40.65, "volume": 3254490, "typical_volume": 3192967.65, "trend": 48.458, "fair_value": 27.305256, "relative_strength": -8.969591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.725756, "energy": 57.826301, "activity_lines": [ 41.83, 43.150364, 45.165619, 46.566194 ] }, { "date": "2025-06-27", "close": 40.35, "volume": 2811130, "typical_volume": 3216530.95, "trend": 48.054667, "fair_value": 27.467564, "relative_strength": -13.567426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.641522, "energy": 54.909132, "activity_lines": [ 41.187333, 42.369273, 44.571952, 46.043097 ] }, { "date": "2025-07-04", "close": 41.15, "volume": 2195867, "typical_volume": 3212597.8, "trend": 47.7, "fair_value": 27.637051, "relative_strength": -13.483537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.537072, "energy": 55.925792, "activity_lines": [ 40.986667, 41.895455, 44.114476, 45.597634 ] }, { "date": "2025-07-11", "close": 39.18, "volume": 2848572, "typical_volume": 3262653.0, "trend": 47.256, "fair_value": 27.794295, "relative_strength": -17.527101, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.273972, "energy": 62.692567, "activity_lines": [ 40.249333, 41.224364, 43.512571, 45.047957 ] }, { "date": "2025-07-18", "close": 43.25, "volume": 3328454, "typical_volume": 3158963.15, "trend": 46.934, "fair_value": 27.976026, "relative_strength": -10.503453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.466457, "energy": 38.449582, "activity_lines": [ 41.184667, 41.442, 43.339524, 44.789505 ] }, { "date": "2025-07-25", "close": 41.5, "volume": 2098937, "typical_volume": 3127046.8, "trend": 46.484, "fair_value": 28.145769, "relative_strength": -15.258191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.651878, "energy": 29.608448, "activity_lines": [ 41.379333, 41.368909, 43.005667, 44.438925 ] }, { "date": "2025-08-01", "close": 40.81, "volume": 3568985, "typical_volume": 3140949.1, "trend": 45.988667, "fair_value": 28.297756, "relative_strength": -15.254716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.706472, "energy": 29.675866, "activity_lines": [ 41.287333, 41.210364, 42.629762, 44.07286 ] }, { "date": "2025-08-08", "close": 47.85, "volume": 3853068, "typical_volume": 3173578.95, "trend": 45.827333, "fair_value": 28.485897, "relative_strength": -4.702242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.74085, "energy": 12.933245, "activity_lines": [ 43.511333, 42.371273, 42.959, 44.192946 ] }, { "date": "2025-08-15", "close": 54.21, "volume": 4044678, "typical_volume": 3163905.9, "trend": 46.083667, "fair_value": 28.729744, "relative_strength": 6.516391, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.184317, "energy": 36.954398, "activity_lines": [ 47.408667, 44.599455, 43.904048, 44.733763 ] }, { "date": "2025-08-22", "close": 57.25, "volume": 3302581, "typical_volume": 3171392.35, "trend": 46.366, "fair_value": 29.000577, "relative_strength": 12.402864, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.108002, "energy": 69.720097, "activity_lines": [ 51.317333, 47.193273, 45.126857, 45.454172 ] }, { "date": "2025-08-29", "close": 58.58, "volume": 2076759, "typical_volume": 3053394.6, "trend": 46.526667, "fair_value": 29.277628, "relative_strength": 14.209445, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.500013, "energy": 81.250334, "activity_lines": [ 54.736, 49.731455, 46.427619, 46.242172 ] }, { "date": "2025-09-05", "close": 57.63, "volume": 2979542, "typical_volume": 3124430.85, "trend": 46.682667, "fair_value": 29.543846, "relative_strength": 10.509243, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.094785, "energy": 89.615962, "activity_lines": [ 56.699333, 51.770909, 47.580048, 46.958516 ] }, { "date": "2025-09-12", "close": 49.36, "volume": 4571556, "typical_volume": 3190120.15, "trend": 46.654, "fair_value": 29.765385, "relative_strength": -7.330396, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.507262, "energy": 79.923905, "activity_lines": [ 54.784667, 51.992545, 47.904952, 47.131247 ] }, { "date": "2025-09-19", "close": 55.0, "volume": 4570791, "typical_volume": 3184993.25, "trend": 46.892667, "fair_value": 30.015321, "relative_strength": 0.649144, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.971272, "energy": 54.250697, "activity_lines": [ 54.649333, 53.090364, 48.770048, 47.669699 ] }, { "date": "2025-09-26", "close": 56.29, "volume": 2325697, "typical_volume": 3154918.45, "trend": 47.286333, "fair_value": 30.26641, "relative_strength": 2.882945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.692597, "energy": 49.761557, "activity_lines": [ 54.891333, 54.135091, 49.721619, 48.275978 ] }, { "date": "2025-10-03", "close": 65.17, "volume": 3491816, "typical_volume": 3066851.9, "trend": 47.909667, "fair_value": 30.577308, "relative_strength": 16.756828, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.284818, "energy": 59.487968, "activity_lines": [ 58.157333, 56.557273, 51.464, 49.429763 ] }, { "date": "2025-10-10", "close": 70.14, "volume": 3603960, "typical_volume": 3138097.7, "trend": 48.644667, "fair_value": 30.918077, "relative_strength": 27.353911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.415775, "energy": 85.235747, "activity_lines": [ 62.640667, 59.452727, 53.577476, 50.863978 ] }, { "date": "2025-10-17", "close": 72.93, "volume": 2696921, "typical_volume": 3161645.6, "trend": 49.41, "fair_value": 31.282949, "relative_strength": 28.035414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.223665, "energy": 93.556139, "activity_lines": [ 67.22, 62.322182, 55.827333, 52.430774 ] }, { "date": "2025-10-24", "close": 66.06, "volume": 2945583, "typical_volume": 3175881.7, "trend": 49.887333, "fair_value": 31.58641, "relative_strength": 12.876596, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.395365, "energy": 85.781888, "activity_lines": [ 67.938, 63.486545, 57.280143, 53.504968 ] }, { "date": "2025-10-31", "close": 68.81, "volume": 1963133, "typical_volume": 3126626.0, "trend": 50.613667, "fair_value": 31.912244, "relative_strength": 15.062333, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.648846, "energy": 81.382247, "activity_lines": [ 68.835333, 64.935455, 58.889429, 54.725785 ] }, { "date": "2025-11-07", "close": 68.25, "volume": 3196676, "typical_volume": 3123735.3, "trend": 51.341, "fair_value": 32.234359, "relative_strength": 17.380664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.283135, "energy": 60.670269, "activity_lines": [ 68.711333, 66.072364, 60.312429, 55.863613 ] }, { "date": "2025-11-14", "close": 72.92, "volume": 1777193, "typical_volume": 3072038.45, "trend": 52.13, "fair_value": 32.594038, "relative_strength": 24.863333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.896784, "energy": 61.194689, "activity_lines": [ 69.938667, 67.882545, 62.048762, 57.255806 ] }, { "date": "2025-11-21", "close": 79.66, "volume": 2212352, "typical_volume": 3072862.7, "trend": 53.118667, "fair_value": 32.996154, "relative_strength": 39.652816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.544175, "energy": 67.590532, "activity_lines": [ 73.227333, 70.640182, 64.271905, 59.031935 ] }, { "date": "2025-11-28", "close": 79.96, "volume": 1570736, "typical_volume": 3008970.9, "trend": 54.205333, "fair_value": 33.397244, "relative_strength": 32.894407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.080063, "energy": 68.85048, "activity_lines": [ 76.167333, 72.901455, 66.340238, 60.763634 ] }, { "date": "2025-12-05", "close": 81.77, "volume": 1838699, "typical_volume": 2934483.15, "trend": 55.439, "fair_value": 33.822179, "relative_strength": 33.706487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.375136, "energy": 78.299441, "activity_lines": [ 78.784, 75.038, 68.386762, 62.542 ] }, { "date": "2025-12-12", "close": 81.35, "volume": 2576538, "typical_volume": 2958363.2, "trend": 56.694, "fair_value": 34.247949, "relative_strength": 34.713993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.383498, "energy": 79.373443, "activity_lines": [ 80.396667, 76.634909, 70.209857, 64.213677 ] }, { "date": "2025-12-19", "close": 81.4, "volume": 3357175, "typical_volume": 2947772.7, "trend": 57.974667, "fair_value": 34.676731, "relative_strength": 33.282776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.769292, "energy": 71.386434, "activity_lines": [ 81.152667, 77.946727, 71.847952, 65.807613 ] }, { "date": "2025-12-26", "close": 81.78, "volume": 3264473, "typical_volume": 2918342.95, "trend": 59.269, "fair_value": 35.106987, "relative_strength": 31.621064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.068541, "energy": 61.969153, "activity_lines": [ 81.47, 79.122909, 73.328952, 67.343441 ] }, { "date": "2026-01-02", "close": 80.77, "volume": 3993842, "typical_volume": 2915801.15, "trend": 60.497333, "fair_value": 35.528846, "relative_strength": 31.672673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.668798, "energy": 58.006325, "activity_lines": [ 81.309333, 79.954545, 74.55219, 68.730602 ] }, { "date": "2026-01-09", "close": 76.87, "volume": 2739150, "typical_volume": 2887629.6, "trend": 61.696667, "fair_value": 35.928397, "relative_strength": 22.180292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.44742, "energy": 45.32182, "activity_lines": [ 79.794667, 79.809636, 75.277524, 69.786903 ] }, { "date": "2026-01-16", "close": 71.14, "volume": 2794123, "typical_volume": 2923497.8, "trend": 62.713, "fair_value": 36.288718, "relative_strength": 13.512443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.008452, "energy": 32.005416, "activity_lines": [ 76.696667, 78.476364, 75.363714, 70.396151 ] }, { "date": "2026-01-23", "close": 68.36, "volume": 2128086, "typical_volume": 2880925.0, "trend": 63.646667, "fair_value": 36.62359, "relative_strength": 8.464976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.352149, "energy": 23.045515, "activity_lines": [ 73.352667, 76.585091, 75.125333, 70.760473 ] }, { "date": "2026-01-30", "close": 64.54, "volume": 2197560, "typical_volume": 2762225.2, "trend": 64.426333, "fair_value": 36.933077, "relative_strength": 2.537304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.316428, "energy": 27.455557, "activity_lines": [ 69.604667, 74.082182, 74.472048, 70.818108 ] }, { "date": "2026-02-06", "close": 64.62, "volume": 3074671, "typical_volume": 2687419.2, "trend": 65.274333, "fair_value": 37.250769, "relative_strength": 4.638158, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.521477, "energy": 33.981566, "activity_lines": [ 67.032667, 71.868727, 73.754095, 70.830602 ] }, { "date": "2026-02-13", "close": 60.78, "volume": 2481800, "typical_volume": 2695224.35, "trend": 65.858667, "fair_value": 37.54109, "relative_strength": -0.451827, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.683678, "energy": 51.755089, "activity_lines": [ 64.257333, 69.236, 72.624619, 70.540645 ] }, { "date": "2026-02-20", "close": 66.61, "volume": 2946796, "typical_volume": 2667973.35, "trend": 66.695667, "fair_value": 37.871282, "relative_strength": 7.494951, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.409751, "energy": 53.47525, "activity_lines": [ 64.498, 68.044909, 72.029, 70.589118 ] }, { "date": "2026-02-27", "close": 75.52, "volume": 5313773, "typical_volume": 2753464.0, "trend": 67.852667, "fair_value": 38.259487, "relative_strength": 21.344668, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 12.688651, "energy": 20.431196, "activity_lines": [ 68.010667, 68.741818, 72.275095, 71.15843 ] }, { "date": "2026-03-06", "close": 73.26, "volume": 2305099, "typical_volume": 2733872.9, "trend": 68.699667, "fair_value": 38.637692, "relative_strength": 18.588241, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 23.398167, "energy": 12.87366, "activity_lines": [ 70.292667, 69.134727, 72.280333, 71.50729 ] }, { "date": "2026-03-13", "close": 67.96, "volume": 2717340, "typical_volume": 2722460.75, "trend": 69.158, "fair_value": 38.991603, "relative_strength": 10.842668, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.15683, "energy": 11.358847, "activity_lines": [ 70.226667, 68.718909, 71.779238, 71.45957 ] }, { "date": "2026-03-20", "close": 64.51, "volume": 2392912, "typical_volume": 2743949.7, "trend": 69.4, "fair_value": 39.328718, "relative_strength": 7.195935, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.314588, "energy": 15.105723, "activity_lines": [ 68.788, 67.908727, 70.940524, 71.159699 ] }, { "date": "2026-03-27", "close": 66.25, "volume": 2621732, "typical_volume": 2715202.5, "trend": 69.655667, "fair_value": 39.672821, "relative_strength": 13.61184, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.434966, "energy": 13.785514, "activity_lines": [ 67.680667, 67.639636, 70.288, 70.956473 ] }, { "date": "2026-04-03", "close": 70.12, "volume": 1897384, "typical_volume": 2721212.05, "trend": 70.072, "fair_value": 40.041731, "relative_strength": 15.470669, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.498621, "energy": 17.305081, "activity_lines": [ 67.887333, 68.163091, 70.013571, 70.98643 ] }, { "date": "2026-04-10", "close": 72.56, "volume": 1997429, "typical_volume": 2710465.9, "trend": 70.845333, "fair_value": 40.432692, "relative_strength": 14.047523, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.37254, "energy": 6.021725, "activity_lines": [ 69.267333, 69.098182, 69.984857, 71.146946 ] }, { "date": "2026-04-17", "close": 67.24, "volume": 2337913, "typical_volume": 2748824.75, "trend": 71.253333, "fair_value": 40.767885, "relative_strength": -0.324323, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.164552, "energy": 17.132481, "activity_lines": [ 68.920667, 68.920182, 69.483286, 70.914344 ] }, { "date": "2026-04-24", "close": 61.45, "volume": 3217992, "typical_volume": 2817789.4, "trend": 71.425333, "fair_value": 41.066154, "relative_strength": -10.645884, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.837068, "energy": 30.162281, "activity_lines": [ 66.692, 67.641818, 68.490857, 70.281871 ] }, { "date": "2026-05-01", "close": 63.62, "volume": 2934771, "typical_volume": 2835701.05, "trend": 71.373667, "fair_value": 41.375577, "relative_strength": -8.851196, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.042342, "energy": 39.798398, "activity_lines": [ 65.390667, 66.745818, 67.801857, 69.778301 ] }, { "date": "2026-05-08", "close": 61.21, "volume": 4395211, "typical_volume": 2887602.85, "trend": 71.076, "fair_value": 41.662244, "relative_strength": -16.783254, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.780377, "energy": 57.652922, "activity_lines": [ 63.461333, 65.466, 66.967762, 69.122581 ] }, { "date": "2026-05-15", "close": 62.48, "volume": 4540733, "typical_volume": 2951415.85, "trend": 70.727667, "fair_value": 41.959167, "relative_strength": -14.844851, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.831299, "energy": 58.169116, "activity_lines": [ 62.549333, 64.677273, 66.350762, 68.568 ] }, { "date": "2026-05-22", "close": 62.26, "volume": 2624427, "typical_volume": 2882945.1, "trend": 70.601, "fair_value": 42.25609, "relative_strength": -16.194924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.911891, "energy": 51.059156, "activity_lines": [ 62.236, 64.044545, 65.804714, 68.021699 ] }, { "date": "2026-05-29", "close": 59.4, "volume": 3301941, "typical_volume": 2911084.65, "trend": 70.287333, "fair_value": 42.5275, "relative_strength": -22.256525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.51044, "energy": 56.250171, "activity_lines": [ 61.301333, 62.995455, 65.074429, 67.299054 ] }, { "date": "2026-06-05", "close": 59.28, "volume": 3665383, "typical_volume": 2954647.65, "trend": 69.988333, "fair_value": 42.791859, "relative_strength": -18.76813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.634459, "energy": 49.285294, "activity_lines": [ 60.463333, 62.017455, 64.415905, 66.588903 ] }, { "date": "2026-06-12", "close": 61.95, "volume": 2045907, "typical_volume": 2950538.7, "trend": 69.622667, "fair_value": 43.070321, "relative_strength": -17.148447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.58806, "energy": 37.628932, "activity_lines": [ 60.804667, 61.651636, 64.068143, 66.070301 ] }, { "date": "2026-06-19", "close": 63.16, "volume": 2085627, "typical_volume": 2944942.05, "trend": 69.072667, "fair_value": 43.358205, "relative_strength": -17.848554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.332181, "energy": 32.957222, "activity_lines": [ 61.5, 61.654364, 63.866143, 65.653355 ] }, { "date": "2026-06-26", "close": 62.92, "volume": 5524564, "typical_volume": 3067436.7, "trend": 68.504667, "fair_value": 43.645705, "relative_strength": -14.545054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.578437, "energy": 23.02435, "activity_lines": [ 62.07, 61.784364, 63.647857, 65.256409 ] }, { "date": "2026-07-03", "close": 65.44, "volume": 7194886, "typical_volume": 3303091.0, "trend": 67.960333, "fair_value": 43.952308, "relative_strength": -12.165741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.153734, "energy": 15.454638, "activity_lines": [ 63.436, 62.451091, 63.677667, 65.058688 ] }, { "date": "2026-07-10", "close": 58.14, "volume": 9010441, "typical_volume": 3606273.25, "trend": 67.186667, "fair_value": 44.211859, "relative_strength": -23.48168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.126957, "energy": 20.705576, "activity_lines": [ 61.966, 61.718, 62.990048, 64.425118 ] }, { "date": "2026-07-17", "close": 59.85, "volume": 7151635, "typical_volume": 3698166.35, "trend": 66.468333, "fair_value": 44.437692, "relative_strength": -17.943831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.513642, "energy": 24.456647, "activity_lines": [ 61.142, 61.395455, 62.505619, 63.951785 ] }, { "date": "2026-07-24", "close": 58.66, "volume": 5382111, "typical_volume": 3852016.95, "trend": 65.697667, "fair_value": 44.666859, "relative_strength": -18.452866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.486561, "energy": 29.612147, "activity_lines": [ 60.061333, 60.881273, 61.982476, 63.448022 ] }, { "date": "2026-07-31", "close": 59.04, "volume": 3251694, "typical_volume": 3878734.65, "trend": 64.973333, "fair_value": 44.935897, "relative_strength": -18.549914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.234832, "energy": 38.905372, "activity_lines": [ 59.407333, 60.505636, 61.565048, 63.018495 ] }, { "date": "2026-08-07", "close": 64.79, "volume": 4359923, "typical_volume": 3977085.2, "trend": 64.570667, "fair_value": 45.243397, "relative_strength": -15.04243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.005198, "energy": 20.422197, "activity_lines": [ 60.928667, 61.234, 61.737714, 63.006667 ] } ], "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." } } }