{ "ticker": { "uuid": "7e093396-f333-46e5-9726-dc6ef7955f6f", "symbol": "PM", "name": "Philip Morris International Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 59.289, "architecture_energy": 55.447, "architecture_maturity": 27.901, "architecture_confidence": 82.01, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 16.65, "rotation_up": 64.67, "upward_expansion": 86.54, "deceleration": 45.23, "rotation_down": 14.55, "downward_expansion": 10.87 }, "activity_lines": [ 190.514, 187.370228, 182.458465, 179.15364 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 189.57, "trend_reference": 176.547844, "distance_from_trend": 0.07376, "trend_direction": "Improving", "fair_value": 131.807017, "distance_from_fair_value": 0.438239, "fair_value_direction": "Improving", "relative_strength": 0.825725, "relative_strength_direction": "Improving", "price_momentum": 0.046309, "excess_performance": -0.079316, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07376, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.061623, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.438239, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.064555, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008257, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.093996, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.046309, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.174957, "read": "Demand-led" } ], "volume": { "latest": 25268445, "relative_activity": 1.060623, "balance": 1.174957, "dry_up": 1.117657, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.06779, "annualized_volatility": 0.280952, "from_high_reference": -0.087553, "from_low_reference": 0.358255 }, "levels": { "trend_reference": 176.547844, "fair_value_reference": 131.807017, "structural_low": 151.63, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": -0.001911, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -0.013255, "regime_survival": 0.703704, "best_return": 0.153741, "worst_return": -0.158678, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.011984, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.025438, "regime_survival": 0.363636, "best_return": 0.179203, "worst_return": -0.09281, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.003312, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.056115, "regime_survival": 0.333333, "best_return": 0.37121, "worst_return": -0.080636, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.015081, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.080601, "regime_survival": 0.25, "best_return": 0.779174, "worst_return": -0.027026, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-10", "end": "2024-10-11", "tenure": "Established", "return": 0.234413, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": 0.086848, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2024-12-27", "tenure": "Developing", "return": -0.027273, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-07", "tenure": "Developing", "return": 0.183495, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-07-18", "tenure": "Established", "return": 0.207345, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-10-10", "tenure": "Developing", "return": 0.006768, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-17", "end": "2025-12-19", "tenure": "Developing", "return": -0.007719, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": 0.07805, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.056583, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.122299, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": -0.03516, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.013276, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": 0.105269, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.077503, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 83.61497, "volume": 14946283, "typical_volume": 19491208.8, "trend": 84.993095, "fair_value": 77.567723, "relative_strength": -7.560603, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.147659, "energy": 6.175699, "activity_lines": [ 85.204682, 85.878092, 84.907795, 84.741733 ] }, { "date": "2023-08-25", "close": 84.24412, "volume": 13200608, "typical_volume": 19439987.55, "trend": 84.817579, "fair_value": 77.717604, "relative_strength": -7.498026, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.222191, "energy": 14.438523, "activity_lines": [ 84.687184, 85.585234, 84.864358, 84.693412 ] }, { "date": "2023-09-01", "close": 84.784658, "volume": 13328240, "typical_volume": 19385927.35, "trend": 84.693725, "fair_value": 77.878633, "relative_strength": -9.069399, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.710429, "energy": 13.502435, "activity_lines": [ 84.494599, 85.36773, 84.883637, 84.691288 ] }, { "date": "2023-09-08", "close": 83.003542, "volume": 16682110, "typical_volume": 19028342.35, "trend": 84.517115, "fair_value": 78.018194, "relative_strength": -9.700242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.339897, "energy": 17.465193, "activity_lines": [ 83.955243, 84.836375, 84.743822, 84.582244 ] }, { "date": "2023-09-15", "close": 84.882132, "volume": 21389399, "typical_volume": 19138610.5, "trend": 84.418651, "fair_value": 78.185018, "relative_strength": -7.367115, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.846864, "energy": 11.24744, "activity_lines": [ 84.192134, 84.710223, 84.794818, 84.605793 ] }, { "date": "2023-09-22", "close": 84.120063, "volume": 20541105, "typical_volume": 19334253.35, "trend": 84.387953, "fair_value": 78.354117, "relative_strength": -5.283813, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.404527, "energy": 10.1839, "activity_lines": [ 84.19686, 84.476286, 84.785348, 84.586529 ] }, { "date": "2023-09-29", "close": 83.208729, "volume": 25334137, "typical_volume": 19919047.4, "trend": 84.309049, "fair_value": 78.521987, "relative_strength": -5.608555, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.405446, "energy": 14.40254, "activity_lines": [ 83.864136, 84.15028, 84.686462, 84.51045 ] }, { "date": "2023-10-06", "close": 82.840231, "volume": 24020912, "typical_volume": 19772403.35, "trend": 84.242303, "fair_value": 78.665799, "relative_strength": -6.398028, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.095064, "energy": 17.034707, "activity_lines": [ 83.477604, 83.815573, 84.552364, 84.415688 ] }, { "date": "2023-10-13", "close": 82.921121, "volume": 19825011, "typical_volume": 19525002.85, "trend": 84.280623, "fair_value": 78.808214, "relative_strength": -6.60883, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.144348, "energy": 24.045055, "activity_lines": [ 83.247665, 83.598273, 84.419572, 84.33045 ] }, { "date": "2023-10-20", "close": 83.190754, "volume": 22527949, "typical_volume": 19482325.5, "trend": 84.408223, "fair_value": 78.976019, "relative_strength": -3.989076, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.377333, "energy": 32.997773, "activity_lines": [ 83.113098, 83.472418, 84.29589, 84.260136 ] }, { "date": "2023-10-27", "close": 78.615981, "volume": 19616002, "typical_volume": 19455993.85, "trend": 84.193852, "fair_value": 79.131336, "relative_strength": -6.821274, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -77.764874, "energy": 62.418115, "activity_lines": [ 81.566365, 82.551499, 83.722575, 83.886443 ] }, { "date": "2023-11-03", "close": 82.256026, "volume": 19009250, "typical_volume": 19229304.4, "trend": 84.048927, "fair_value": 79.312784, "relative_strength": -7.739214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.346528, "energy": 49.326352, "activity_lines": [ 81.599919, 82.383298, 83.50715, 83.761422 ] }, { "date": "2023-11-10", "close": 80.620253, "volume": 24760028, "typical_volume": 19239963.8, "trend": 83.836358, "fair_value": 79.457042, "relative_strength": -10.602936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.66381, "energy": 54.302532, "activity_lines": [ 81.151729, 81.953831, 83.139401, 83.540217 ] }, { "date": "2023-11-17", "close": 82.6425, "volume": 27779776, "typical_volume": 19776658.0, "trend": 83.741045, "fair_value": 79.61014, "relative_strength": -10.201574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.63032, "energy": 45.744616, "activity_lines": [ 81.52562, 81.967761, 82.986692, 83.463194 ] }, { "date": "2023-11-24", "close": 84.790576, "volume": 12266825, "typical_volume": 19706066.05, "trend": 83.653204, "fair_value": 79.781082, "relative_strength": -8.56382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.403805, "energy": 11.780051, "activity_lines": [ 82.634111, 82.378815, 83.05695, 83.530906 ] }, { "date": "2023-12-01", "close": 84.529931, "volume": 16080350, "typical_volume": 19435500.8, "trend": 83.685228, "fair_value": 79.926545, "relative_strength": -9.276348, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.818923, "energy": 13.292266, "activity_lines": [ 83.549066, 82.744144, 83.110879, 83.587469 ] }, { "date": "2023-12-08", "close": 82.067283, "volume": 24414107, "typical_volume": 19202806.9, "trend": 83.647991, "fair_value": 80.035359, "relative_strength": -11.742536, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.085449, "energy": 18.798702, "activity_lines": [ 83.248875, 82.654266, 82.947603, 83.483085 ] }, { "date": "2023-12-15", "close": 84.898429, "volume": 46104998, "typical_volume": 20465154.15, "trend": 83.761386, "fair_value": 80.156971, "relative_strength": -10.450604, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.245327, "energy": 14.885899, "activity_lines": [ 83.904981, 83.099896, 83.074663, 83.563759 ] }, { "date": "2023-12-22", "close": 84.712765, "volume": 18851100, "typical_volume": 20614464.05, "trend": 83.937097, "fair_value": 80.289052, "relative_strength": -11.005982, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.295173, "energy": 14.064516, "activity_lines": [ 84.213989, 83.474346, 83.201138, 83.625138 ] }, { "date": "2023-12-29", "close": 85.75185, "volume": 12970357, "typical_volume": 20682427.35, "trend": 84.120042, "fair_value": 80.4264, "relative_strength": -9.785413, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.856343, "energy": 23.921812, "activity_lines": [ 84.73134, 84.005146, 83.429152, 83.742219 ] }, { "date": "2024-01-05", "close": 86.863853, "volume": 17569860, "typical_volume": 20813606.2, "trend": 84.316441, "fair_value": 80.569382, "relative_strength": -6.742439, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.76487, "energy": 38.763488, "activity_lines": [ 85.555273, 84.691563, 83.760491, 83.919239 ] }, { "date": "2024-01-12", "close": 86.836508, "volume": 21249884, "typical_volume": 21216070.0, "trend": 84.444883, "fair_value": 80.722897, "relative_strength": -8.117946, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.930015, "energy": 43.055082, "activity_lines": [ 86.214497, 85.223047, 84.073755, 84.081824 ] }, { "date": "2024-01-19", "close": 84.147648, "volume": 15592163, "typical_volume": 21329266.15, "trend": 84.405336, "fair_value": 80.860471, "relative_strength": -11.588209, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.856926, "energy": 33.361218, "activity_lines": [ 85.659486, 85.182366, 84.118592, 84.062648 ] }, { "date": "2024-01-26", "close": 82.807776, "volume": 28336710, "typical_volume": 21911996.15, "trend": 84.282137, "fair_value": 80.994585, "relative_strength": -13.428175, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 1.322415, "energy": 7.426427, "activity_lines": [ 84.707903, 84.833937, 84.038855, 83.959579 ] }, { "date": "2024-02-02", "close": 84.758339, "volume": 30158118, "typical_volume": 22350432.1, "trend": 84.221594, "fair_value": 81.118144, "relative_strength": -12.233382, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.103803, "energy": 6.054284, "activity_lines": [ 84.533507, 84.837151, 84.145819, 83.990302 ] }, { "date": "2024-02-09", "close": 81.230919, "volume": 28753092, "typical_volume": 22761031.45, "trend": 83.990302, "fair_value": 81.209926, "relative_strength": -16.562119, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.765016, "energy": 21.629013, "activity_lines": [ 83.249539, 84.199602, 83.917427, 83.797355 ] }, { "date": "2024-02-16", "close": 81.714002, "volume": 28641094, "typical_volume": 22926379.3, "trend": 83.833598, "fair_value": 81.308142, "relative_strength": -15.317562, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.644, "energy": 33.614733, "activity_lines": [ 82.502127, 83.709869, 83.748801, 83.650497 ] }, { "date": "2024-02-23", "close": 83.454925, "volume": 16764203, "typical_volume": 22563543.85, "trend": 83.665806, "fair_value": 81.424639, "relative_strength": -14.478226, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.669923, "energy": 25.077344, "activity_lines": [ 82.676523, 83.54309, 83.753095, 83.626067 ] }, { "date": "2024-03-01", "close": 81.878068, "volume": 22706308, "typical_volume": 22707608.7, "trend": 83.553265, "fair_value": 81.520371, "relative_strength": -16.449673, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.414492, "energy": 31.680551, "activity_lines": [ 82.371482, 83.115855, 83.604286, 83.510729 ] }, { "date": "2024-03-08", "close": 84.47578, "volume": 20293826, "typical_volume": 22595902.55, "trend": 83.528791, "fair_value": 81.624984, "relative_strength": -13.100136, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.657427, "energy": 7.443657, "activity_lines": [ 82.994325, 83.212472, 83.707844, 83.570246 ] }, { "date": "2024-03-15", "close": 85.92503, "volume": 36821108, "typical_volume": 23456157.85, "trend": 83.605793, "fair_value": 81.725291, "relative_strength": -11.162098, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.418746, "energy": 15.706613, "activity_lines": [ 84.119088, 83.59579, 83.943307, 83.724842 ] }, { "date": "2024-03-22", "close": 83.985116, "volume": 33081072, "typical_volume": 24159748.95, "trend": 83.59716, "fair_value": 81.806449, "relative_strength": -14.697682, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.413601, "energy": 18.316181, "activity_lines": [ 84.284273, 83.643465, 83.959211, 83.749314 ] }, { "date": "2024-03-29", "close": 84.668974, "volume": 30651980, "typical_volume": 24454346.55, "trend": 83.593303, "fair_value": 81.904711, "relative_strength": -13.880189, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.252604, "energy": 24.79732, "activity_lines": [ 84.526003, 83.867322, 84.03201, 83.818464 ] }, { "date": "2024-04-05", "close": 82.691332, "volume": 26592728, "typical_volume": 24394994.15, "trend": 83.582896, "fair_value": 81.975102, "relative_strength": -14.656713, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.392037, "energy": 13.958769, "activity_lines": [ 84.027583, 83.72213, 83.897183, 83.760272 ] }, { "date": "2024-04-12", "close": 82.109128, "volume": 31415209, "typical_volume": 25352413.35, "trend": 83.490463, "fair_value": 82.032474, "relative_strength": -13.526239, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.32458, "energy": 9.13724, "activity_lines": [ 83.280877, 83.473199, 83.706676, 83.66519 ] }, { "date": "2024-04-19", "close": 86.655858, "volume": 29910405, "typical_volume": 26043916.1, "trend": 83.57499, "fair_value": 82.11041, "relative_strength": -5.499475, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.076173, "energy": 22.290905, "activity_lines": [ 84.207524, 84.099113, 83.961959, 83.869409 ] }, { "date": "2024-04-26", "close": 87.811023, "volume": 48143015, "typical_volume": 27230361.5, "trend": 83.728399, "fair_value": 82.193783, "relative_strength": -6.313992, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.829032, "energy": 37.09393, "activity_lines": [ 85.470505, 84.836423, 84.317135, 84.142702 ] }, { "date": "2024-05-03", "close": 90.010457, "volume": 27782442, "typical_volume": 26314233.7, "trend": 83.967407, "fair_value": 82.27909, "relative_strength": -4.242605, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.042273, "energy": 64.762129, "activity_lines": [ 87.211569, 85.862774, 84.854429, 84.547996 ] }, { "date": "2024-05-10", "close": 92.098995, "volume": 22252146, "typical_volume": 26484286.0, "trend": 84.273336, "fair_value": 82.376322, "relative_strength": -3.53247, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.570254, "energy": 79.862152, "activity_lines": [ 89.292714, 87.149668, 85.566289, 85.072614 ] }, { "date": "2024-05-17", "close": 92.256098, "volume": 20102357, "typical_volume": 26840886.0, "trend": 84.575514, "fair_value": 82.475974, "relative_strength": -4.706759, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.803915, "energy": 82.23953, "activity_lines": [ 90.79905, 88.279292, 86.257939, 85.587631 ] }, { "date": "2024-05-24", "close": 92.348511, "volume": 24574812, "typical_volume": 27191133.6, "trend": 85.033265, "fair_value": 82.581215, "relative_strength": -4.433961, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.80214, "energy": 83.050284, "activity_lines": [ 91.659725, 89.284257, 86.927417, 86.089115 ] }, { "date": "2024-05-31", "close": 93.688502, "volume": 19429965, "typical_volume": 27100137.65, "trend": 85.414348, "fair_value": 82.687626, "relative_strength": -2.536862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.996564, "energy": 84.78772, "activity_lines": [ 92.587553, 90.416067, 87.698396, 86.647517 ] }, { "date": "2024-06-07", "close": 95.749317, "volume": 24034946, "typical_volume": 27522276.8, "trend": 85.91865, "fair_value": 82.802503, "relative_strength": -1.509025, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.419764, "energy": 86.187643, "activity_lines": [ 93.810488, 91.746145, 88.633014, 87.314289 ] }, { "date": "2024-06-14", "close": 94.446291, "volume": 21564618, "typical_volume": 27183672.2, "trend": 86.312109, "fair_value": 82.905695, "relative_strength": -4.248499, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.352697, "energy": 76.597615, "activity_lines": [ 94.21649, 92.637848, 89.388289, 87.86446 ] }, { "date": "2024-06-21", "close": 93.540641, "volume": 25508249, "typical_volume": 26951178.75, "trend": 86.603778, "fair_value": 82.999347, "relative_strength": -5.493614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.721402, "energy": 64.631734, "activity_lines": [ 94.164122, 93.151162, 90.001889, 88.330817 ] }, { "date": "2024-06-28", "close": 94.86062, "volume": 29522303, "typical_volume": 26989639.3, "trend": 86.948135, "fair_value": 83.095022, "relative_strength": -3.869089, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.05623, "energy": 58.595171, "activity_lines": [ 94.466112, 93.696625, 90.699382, 88.863516 ] }, { "date": "2024-07-05", "close": 95.600183, "volume": 12016330, "typical_volume": 26158401.1, "trend": 87.399231, "fair_value": 83.200037, "relative_strength": -4.658367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.832876, "energy": 56.977086, "activity_lines": [ 94.847148, 94.227378, 91.402406, 89.421713 ] }, { "date": "2024-07-12", "close": 99.185658, "volume": 21125265, "typical_volume": 26376454.2, "trend": 87.875472, "fair_value": 83.330589, "relative_strength": -1.798998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.192056, "energy": 64.032382, "activity_lines": [ 96.295897, 95.268413, 92.380778, 90.182127 ] }, { "date": "2024-07-19", "close": 100.28096, "volume": 21079507, "typical_volume": 26295114.15, "trend": 88.394412, "fair_value": 83.470718, "relative_strength": 1.39513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.955109, "energy": 82.479012, "activity_lines": [ 97.880657, 96.341773, 93.388558, 90.982481 ] }, { "date": "2024-07-26", "close": 106.122569, "volume": 32886188, "typical_volume": 26924732.25, "trend": 89.073436, "fair_value": 83.639658, "relative_strength": 8.215325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.852924, "energy": 96.122439, "activity_lines": [ 101.023643, 98.328481, 94.865048, 92.126234 ] }, { "date": "2024-08-02", "close": 110.297822, "volume": 29972195, "typical_volume": 26582286.6, "trend": 89.854568, "fair_value": 83.839859, "relative_strength": 14.743311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.923005, "energy": 98.070087, "activity_lines": [ 104.719584, 100.822207, 96.636101, 93.495549 ] }, { "date": "2024-08-09", "close": 108.603381, "volume": 28174520, "typical_volume": 26336959.0, "trend": 90.580131, "fair_value": 84.017039, "relative_strength": 12.842765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.630794, "energy": 93.1878, "activity_lines": [ 106.821565, 102.681503, 98.129718, 94.70515 ] }, { "date": "2024-08-16", "close": 110.522499, "volume": 22386311, "typical_volume": 25923675.55, "trend": 91.459292, "fair_value": 84.20739, "relative_strength": 10.359557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.897504, "energy": 93.344991, "activity_lines": [ 108.696372, 104.618549, 99.688878, 95.991754 ] }, { "date": "2024-08-23", "close": 112.479064, "volume": 18751813, "typical_volume": 25531629.8, "trend": 92.448335, "fair_value": 84.406809, "relative_strength": 10.68101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.862764, "energy": 92.930561, "activity_lines": [ 110.467578, 106.642731, 101.311266, 97.347868 ] }, { "date": "2024-08-30", "close": 115.418591, "volume": 20226141, "typical_volume": 24972176.4, "trend": 93.470344, "fair_value": 84.604636, "relative_strength": 13.090386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.602404, "energy": 90.367101, "activity_lines": [ 112.405419, 108.873504, 103.071762, 98.82982 ] }, { "date": "2024-09-06", "close": 117.777703, "volume": 25583923, "typical_volume": 24755852.3, "trend": 94.68857, "fair_value": 84.83051, "relative_strength": 20.012147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.726153, "energy": 90.721691, "activity_lines": [ 114.509897, 111.135426, 104.89832, 100.398037 ] }, { "date": "2024-09-13", "close": 117.599833, "volume": 23761331, "typical_volume": 23536768.1, "trend": 95.884764, "fair_value": 85.063981, "relative_strength": 15.022299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.484242, "energy": 79.01964, "activity_lines": [ 116.056425, 112.948333, 106.559738, 101.876183 ] }, { "date": "2024-09-20", "close": 113.078203, "volume": 47356029, "typical_volume": 24515447.45, "trend": 96.872207, "fair_value": 85.26867, "relative_strength": 9.039874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.933115, "energy": 67.412537, "activity_lines": [ 115.49598, 113.539132, 107.648673, 102.985437 ] }, { "date": "2024-09-27", "close": 114.180461, "volume": 27567338, "typical_volume": 24781207.05, "trend": 97.948953, "fair_value": 85.503516, "relative_strength": 9.453405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.812821, "energy": 65.18734, "activity_lines": [ 115.132574, 114.07775, 108.732738, 104.102099 ] }, { "date": "2024-10-04", "close": 112.741609, "volume": 24487568, "typical_volume": 25000467.6, "trend": 98.891148, "fair_value": 85.732915, "relative_strength": 7.774658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.943344, "energy": 58.187111, "activity_lines": [ 114.176124, 114.10204, 109.57462, 105.056463 ] }, { "date": "2024-10-11", "close": 113.688222, "volume": 18081636, "typical_volume": 24675808.8, "trend": 99.816587, "fair_value": 85.952758, "relative_strength": 7.426345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.558899, "energy": 46.28124, "activity_lines": [ 113.713678, 114.178096, 110.409106, 106.011113 ] }, { "date": "2024-10-18", "close": 113.79235, "volume": 18985896, "typical_volume": 24653605.35, "trend": 100.810162, "fair_value": 86.180977, "relative_strength": 6.665459, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.519024, "energy": 43.649498, "activity_lines": [ 113.558573, 114.21144, 111.151891, 106.912776 ] }, { "date": "2024-10-25", "close": 122.927165, "volume": 36268242, "typical_volume": 25265270.15, "trend": 102.085435, "fair_value": 86.479858, "relative_strength": 16.10905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 82.336672, "energy": 61.423574, "activity_lines": [ 116.702238, 115.811315, 112.668926, 108.339679 ] }, { "date": "2024-11-01", "close": 123.67499, "volume": 26912329, "typical_volume": 25532655.7, "trend": 103.451557, "fair_value": 86.784775, "relative_strength": 18.143965, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 81.590751, "energy": 70.252649, "activity_lines": [ 119.438581, 117.321618, 114.127764, 109.732554 ] }, { "date": "2024-11-08", "close": 119.500426, "volume": 34383253, "typical_volume": 25976405.9, "trend": 104.697933, "fair_value": 87.060552, "relative_strength": 8.811504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.860554, "energy": 60.257835, "activity_lines": [ 120.150434, 117.869348, 115.04984, 110.767964 ] }, { "date": "2024-11-15", "close": 121.724967, "volume": 29792800, "typical_volume": 25989930.75, "trend": 105.866904, "fair_value": 87.373146, "relative_strength": 12.930797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.979685, "energy": 61.301874, "activity_lines": [ 121.153213, 118.747324, 116.06016, 111.866483 ] }, { "date": "2024-11-22", "close": 123.050225, "volume": 22275952, "typical_volume": 26502911.85, "trend": 107.041544, "fair_value": 87.703134, "relative_strength": 12.079935, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.24638, "energy": 59.566012, "activity_lines": [ 122.061961, 119.794489, 117.068768, 112.975084 ] }, { "date": "2024-11-29", "close": 125.956327, "volume": 15136594, "typical_volume": 26203478.3, "trend": 108.239739, "fair_value": 88.048129, "relative_strength": 13.121949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.081717, "energy": 60.880333, "activity_lines": [ 123.322219, 121.270937, 118.223434, 114.195393 ] }, { "date": "2024-12-06", "close": 123.589794, "volume": 21936251, "typical_volume": 26246315.5, "trend": 109.289433, "fair_value": 88.37454, "relative_strength": 9.77793, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.667727, "energy": 54.695579, "activity_lines": [ 123.591688, 122.082959, 119.025237, 115.185719 ] }, { "date": "2024-12-13", "close": 119.860139, "volume": 27070120, "typical_volume": 25955512.1, "trend": 110.209567, "fair_value": 88.6594, "relative_strength": 6.924348, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.896579, "energy": 47.362719, "activity_lines": [ 122.623618, 122.045782, 119.360839, 115.8677 ] }, { "date": "2024-12-20", "close": 117.588268, "volume": 32687897, "typical_volume": 26091297.2, "trend": 111.050893, "fair_value": 88.925919, "relative_strength": 6.663987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.976818, "energy": 33.724873, "activity_lines": [ 120.874277, 121.466111, 119.414657, 116.343745 ] }, { "date": "2024-12-27", "close": 116.241348, "volume": 12852858, "typical_volume": 25325214.1, "trend": 111.802654, "fair_value": 89.172951, "relative_strength": 4.621844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.129868, "energy": 20.088987, "activity_lines": [ 118.951743, 120.570635, 119.305479, 116.678613 ] }, { "date": "2025-01-03", "close": 116.786902, "volume": 14475783, "typical_volume": 24929687.7, "trend": 112.503907, "fair_value": 89.401773, "relative_strength": 5.555411, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.322005, "energy": 22.053309, "activity_lines": [ 117.664985, 119.729824, 119.211888, 117.000178 ] }, { "date": "2025-01-10", "close": 112.125763, "volume": 18861712, "typical_volume": 24935182.65, "trend": 113.093223, "fair_value": 89.578484, "relative_strength": 3.251313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.868693, "energy": 23.52299, "activity_lines": [ 115.435809, 118.153174, 118.644548, 116.975781 ] }, { "date": "2025-01-17", "close": 116.375343, "volume": 28019673, "typical_volume": 25324859.25, "trend": 113.85438, "fair_value": 89.784848, "relative_strength": 3.906622, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.654809, "energy": 18.660906, "activity_lines": [ 115.387429, 117.55916, 118.483613, 117.187531 ] }, { "date": "2025-01-24", "close": 121.821315, "volume": 19456235, "typical_volume": 25018474.85, "trend": 114.753069, "fair_value": 90.022976, "relative_strength": 6.600697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.584274, "energy": 16.943669, "activity_lines": [ 117.386693, 118.012144, 118.836786, 117.701527 ] }, { "date": "2025-01-31", "close": 124.616084, "volume": 25189669, "typical_volume": 25089891.75, "trend": 115.720266, "fair_value": 90.278653, "relative_strength": 9.78532, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.425527, "energy": 26.003474, "activity_lines": [ 120.035342, 118.971515, 119.436872, 118.33785 ] }, { "date": "2025-02-07", "close": 138.216657, "volume": 40235485, "typical_volume": 24733864.55, "trend": 117.021299, "fair_value": 90.5986, "relative_strength": 21.165752, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 86.12108, "energy": 80.275274, "activity_lines": [ 126.659201, 122.375247, 121.298839, 119.78923 ] }, { "date": "2025-02-14", "close": 144.007189, "volume": 26696179, "typical_volume": 24690306.6, "trend": 118.47884, "fair_value": 90.936528, "relative_strength": 23.510929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.235198, "energy": 96.473464, "activity_lines": [ 133.784587, 126.608889, 123.592579, 121.530255 ] }, { "date": "2025-02-21", "close": 147.778214, "volume": 29587692, "typical_volume": 24945312.8, "trend": 119.867362, "fair_value": 91.332028, "relative_strength": 27.780639, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.410635, "energy": 97.075899, "activity_lines": [ 140.041552, 131.156946, 126.103433, 123.420538 ] }, { "date": "2025-02-28", "close": 148.620473, "volume": 40629513, "typical_volume": 26072706.65, "trend": 121.144783, "fair_value": 91.76145, "relative_strength": 28.620057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.638258, "energy": 94.852851, "activity_lines": [ 144.485746, 135.350539, 128.52766, 125.275577 ] }, { "date": "2025-03-07", "close": 144.476175, "volume": 29228678, "typical_volume": 26584845.75, "trend": 122.340543, "fair_value": 92.221615, "relative_strength": 27.939271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.429559, "energy": 88.63257, "activity_lines": [ 145.761896, 138.226402, 130.390849, 126.780828 ] }, { "date": "2025-03-14", "close": 145.36629, "volume": 34607058, "typical_volume": 26501786.55, "trend": 123.502003, "fair_value": 92.661113, "relative_strength": 30.597338, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.88789, "energy": 85.729904, "activity_lines": [ 146.010746, 140.750744, 132.192696, 128.26636 ] }, { "date": "2025-03-21", "close": 146.267157, "volume": 35115859, "typical_volume": 26911963.05, "trend": 124.628273, "fair_value": 93.102032, "relative_strength": 29.533376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.049445, "energy": 66.573983, "activity_lines": [ 146.083242, 142.919254, 133.973488, 129.73508 ] }, { "date": "2025-03-28", "close": 149.820518, "volume": 22920262, "typical_volume": 26338813.5, "trend": 125.775004, "fair_value": 93.548031, "relative_strength": 33.313374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.166942, "energy": 67.560009, "activity_lines": [ 147.189527, 145.113077, 135.985113, 131.360386 ] }, { "date": "2025-04-04", "close": 145.436752, "volume": 39247417, "typical_volume": 26811544.35, "trend": 126.696972, "fair_value": 93.948442, "relative_strength": 40.627076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.347726, "energy": 57.834966, "activity_lines": [ 146.698404, 145.901758, 137.434856, 132.628886 ] }, { "date": "2025-04-11", "close": 148.594222, "volume": 43559983, "typical_volume": 27875745.9, "trend": 127.730118, "fair_value": 94.360057, "relative_strength": 34.507882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.278531, "energy": 56.171518, "activity_lines": [ 147.472018, 146.835153, 139.072396, 134.041612 ] }, { "date": "2025-04-18", "close": 157.593495, "volume": 27754647, "typical_volume": 28506648.55, "trend": 129.213961, "fair_value": 94.82447, "relative_strength": 43.070332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.803897, "energy": 64.622871, "activity_lines": [ 150.970854, 148.968813, 141.445372, 135.968281 ] }, { "date": "2025-04-25", "close": 164.381574, "volume": 42179898, "typical_volume": 29518830.9, "trend": 130.887332, "fair_value": 95.346695, "relative_strength": 41.064144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.520226, "energy": 69.796226, "activity_lines": [ 155.917236, 151.984363, 144.314179, 138.237159 ] }, { "date": "2025-05-02", "close": 164.980238, "volume": 27291397, "typical_volume": 29529894.75, "trend": 132.628619, "fair_value": 95.87839, "relative_strength": 36.155279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.090805, "energy": 83.978891, "activity_lines": [ 159.855544, 154.738318, 147.045754, 140.436702 ] }, { "date": "2025-05-09", "close": 163.860157, "volume": 25681203, "typical_volume": 29179560.05, "trend": 134.301017, "fair_value": 96.373726, "relative_strength": 34.4648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.552257, "energy": 88.175732, "activity_lines": [ 162.409845, 156.975857, 149.455798, 142.45164 ] }, { "date": "2025-05-16", "close": 164.574691, "volume": 29664030, "typical_volume": 30020118.65, "trend": 135.993762, "fair_value": 96.891076, "relative_strength": 27.126589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.960664, "energy": 86.328049, "activity_lines": [ 163.974096, 159.066227, 151.71355, 144.40478 ] }, { "date": "2025-05-23", "close": 172.057993, "volume": 24846268, "typical_volume": 30538642.9, "trend": 137.631456, "fair_value": 97.425462, "relative_strength": 34.935481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.878714, "energy": 88.85899, "activity_lines": [ 166.967417, 162.15177, 154.453839, 146.731504 ] }, { "date": "2025-05-30", "close": 174.375402, "volume": 23368056, "typical_volume": 30763960.1, "trend": 139.32147, "fair_value": 97.98241, "relative_strength": 33.020587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.433397, "energy": 84.477027, "activity_lines": [ 169.768907, 165.173355, 157.151638, 149.102081 ] }, { "date": "2025-06-06", "close": 175.476171, "volume": 21471439, "typical_volume": 30436548.4, "trend": 141.187328, "fair_value": 98.563369, "relative_strength": 30.426779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.144598, "energy": 76.226167, "activity_lines": [ 172.271065, 167.884022, 159.657845, 151.434643 ] }, { "date": "2025-06-13", "close": 177.986698, "volume": 21414628, "typical_volume": 30534468.05, "trend": 143.062719, "fair_value": 99.183702, "relative_strength": 31.395067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.61255, "energy": 77.3733, "activity_lines": [ 174.910337, 170.584682, 162.121717, 153.808796 ] }, { "date": "2025-06-20", "close": 176.982487, "volume": 29444687, "typical_volume": 30747218.95, "trend": 144.860461, "fair_value": 99.76863, "relative_strength": 29.508104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.0622, "energy": 67.755513, "activity_lines": [ 176.273102, 172.510941, 164.222496, 155.997168 ] }, { "date": "2025-06-27", "close": 176.103803, "volume": 25506847, "typical_volume": 30010787.05, "trend": 146.532044, "fair_value": 100.360775, "relative_strength": 23.407347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.791094, "energy": 65.106694, "activity_lines": [ 176.515787, 173.761288, 165.990227, 158.012867 ] }, { "date": "2025-07-04", "close": 174.012309, "volume": 18737519, "typical_volume": 29612854.05, "trend": 148.212794, "fair_value": 100.970892, "relative_strength": 18.885611, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.433844, "energy": 61.967845, "activity_lines": [ 175.791586, 174.294813, 167.378353, 159.785788 ] }, { "date": "2025-07-11", "close": 175.014281, "volume": 21295723, "typical_volume": 29198255.6, "trend": 150.051266, "fair_value": 101.6074, "relative_strength": 18.910066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.598934, "energy": 56.545152, "activity_lines": [ 175.425581, 174.835411, 168.719024, 161.514916 ] }, { "date": "2025-07-18", "close": 173.866391, "volume": 26896920, "typical_volume": 28511625.95, "trend": 151.927203, "fair_value": 102.205602, "relative_strength": 16.510324, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.425704, "energy": 47.463197, "activity_lines": [ 174.70774, 174.984864, 169.820676, 163.051376 ] }, { "date": "2025-07-25", "close": 156.541037, "volume": 46637246, "typical_volume": 29382054.35, "trend": 153.270526, "fair_value": 102.686177, "relative_strength": 2.930238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.30594, "energy": 17.414733, "activity_lines": [ 168.489468, 171.802321, 169.152076, 163.349042 ] }, { "date": "2025-08-01", "close": 158.525525, "volume": 44045963, "typical_volume": 29853999.6, "trend": 154.661813, "fair_value": 103.177052, "relative_strength": 6.424143, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.705369, "energy": 18.855405, "activity_lines": [ 164.295454, 169.126661, 168.615022, 163.688074 ] }, { "date": "2025-08-08", "close": 165.549054, "volume": 22996852, "typical_volume": 29248049.25, "trend": 156.44259, "fair_value": 103.704122, "relative_strength": 7.978841, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.04208, "energy": 21.89451, "activity_lines": [ 163.614503, 167.97405, 168.684214, 164.390477 ] }, { "date": "2025-08-15", "close": 161.66763, "volume": 23138490, "typical_volume": 29258960.65, "trend": 157.952333, "fair_value": 104.20152, "relative_strength": 4.010729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.91696, "energy": 24.257537, "activity_lines": [ 162.20396, 166.276206, 168.291927, 164.727576 ] }, { "date": "2025-08-22", "close": 167.076331, "volume": 22132045, "typical_volume": 28403192.05, "trend": 159.460833, "fair_value": 104.752859, "relative_strength": 6.700522, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.802277, "energy": 16.228564, "activity_lines": [ 163.486095, 165.812826, 168.35834, 165.316221 ] }, { "date": "2025-08-29", "close": 162.582051, "volume": 28548425, "typical_volume": 27652614.15, "trend": 160.726366, "fair_value": 105.28626, "relative_strength": 3.505146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.27173, "energy": 8.925676, "activity_lines": [ 163.722807, 164.730674, 167.893681, 165.51759 ] }, { "date": "2025-09-05", "close": 157.153894, "volume": 25170605, "typical_volume": 27523412.05, "trend": 161.357607, "fair_value": 105.771249, "relative_strength": -0.463137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.638031, "energy": 16.142302, "activity_lines": [ 161.747399, 162.923411, 166.845445, 165.287108 ] }, { "date": "2025-09-12", "close": 161.589807, "volume": 22373238, "typical_volume": 26533079.05, "trend": 161.943694, "fair_value": 106.292746, "relative_strength": 0.494204, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.155887, "energy": 15.521163, "activity_lines": [ 161.34207, 162.267221, 166.221771, 165.302089 ] }, { "date": "2025-09-19", "close": 158.515797, "volume": 34493426, "typical_volume": 26893180.5, "trend": 162.301613, "fair_value": 106.814829, "relative_strength": -2.905481, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.624038, "energy": 22.476964, "activity_lines": [ 160.176022, 161.277984, 165.318628, 165.080934 ] }, { "date": "2025-09-26", "close": 160.403006, "volume": 24762599, "typical_volume": 26847250.3, "trend": 162.694365, "fair_value": 107.389746, "relative_strength": -1.778702, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.776242, "energy": 27.422389, "activity_lines": [ 159.849165, 160.931849, 164.626002, 164.958444 ] }, { "date": "2025-10-03", "close": 150.529208, "volume": 40070474, "typical_volume": 27367572.5, "trend": 162.896132, "fair_value": 107.892414, "relative_strength": -9.025559, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.569062, "energy": 43.510892, "activity_lines": [ 156.675931, 159.035266, 163.009478, 164.173595 ] }, { "date": "2025-10-10", "close": 157.600457, "volume": 31227878, "typical_volume": 27686653.0, "trend": 163.303938, "fair_value": 108.437079, "relative_strength": -2.71444, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.073151, "energy": 35.397706, "activity_lines": [ 156.663302, 158.533671, 162.133288, 163.831938 ] }, { "date": "2025-10-17", "close": 155.233552, "volume": 27049240, "typical_volume": 27870712.2, "trend": 163.602818, "fair_value": 108.959745, "relative_strength": -6.082143, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.795675, "energy": 46.146425, "activity_lines": [ 155.831935, 157.618549, 161.100525, 163.311268 ] }, { "date": "2025-10-24", "close": 154.801421, "volume": 63389960, "typical_volume": 29966638.25, "trend": 163.768848, "fair_value": 109.446767, "relative_strength": -8.219243, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.371172, "energy": 48.344152, "activity_lines": [ 155.280274, 156.812412, 160.117758, 162.743436 ] }, { "date": "2025-10-31", "close": 141.749074, "volume": 37544470, "typical_volume": 30773130.35, "trend": 163.645925, "fair_value": 109.864045, "relative_strength": -16.477204, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.527377, "energy": 63.408964, "activity_lines": [ 150.625455, 153.757961, 157.990362, 161.322806 ] }, { "date": "2025-11-07", "close": 150.647062, "volume": 31338219, "typical_volume": 30867806.95, "trend": 163.714353, "fair_value": 110.313843, "relative_strength": -9.922569, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.929837, "energy": 56.687223, "activity_lines": [ 150.180229, 152.781822, 156.882953, 160.484169 ] }, { "date": "2025-11-14", "close": 152.650582, "volume": 22152845, "typical_volume": 30700106.85, "trend": 163.549589, "fair_value": 110.766599, "relative_strength": -8.973375, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.662254, "energy": 50.103853, "activity_lines": [ 150.394985, 152.386959, 156.091762, 159.770378 ] }, { "date": "2025-11-21", "close": 152.46398, "volume": 25052031, "typical_volume": 31015832.45, "trend": 163.152336, "fair_value": 111.207401, "relative_strength": -7.463441, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.761731, "energy": 43.720092, "activity_lines": [ 150.877532, 152.040047, 155.394482, 159.055177 ] }, { "date": "2025-11-28", "close": 154.663924, "volume": 27012422, "typical_volume": 31301667.4, "trend": 162.808459, "fair_value": 111.629267, "relative_strength": -9.576929, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.897849, "energy": 24.806458, "activity_lines": [ 152.278032, 152.259049, 155.009331, 158.507537 ] }, { "date": "2025-12-05", "close": 145.166844, "volume": 26075781, "typical_volume": 31260610.45, "trend": 162.185349, "fair_value": 112.002323, "relative_strength": -15.452402, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.158174, "energy": 34.910773, "activity_lines": [ 150.522005, 150.821343, 153.816603, 157.369369 ] }, { "date": "2025-12-12", "close": 150.902413, "volume": 30338929, "typical_volume": 30445694.6, "trend": 161.729606, "fair_value": 112.422029, "relative_strength": -11.744672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.144976, "energy": 29.129323, "activity_lines": [ 150.449984, 150.703489, 153.306784, 156.641437 ] }, { "date": "2025-12-19", "close": 154.035369, "volume": 44902901, "typical_volume": 30488541.5, "trend": 161.128852, "fair_value": 112.847103, "relative_strength": -10.193252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.793079, "energy": 22.352132, "activity_lines": [ 151.405257, 151.148478, 153.122192, 156.145035 ] }, { "date": "2025-12-26", "close": 159.613798, "volume": 17669638, "typical_volume": 30222180.8, "trend": 160.636799, "fair_value": 113.31059, "relative_strength": -8.485657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.222545, "energy": 12.084778, "activity_lines": [ 154.127688, 152.672546, 153.490261, 156.04729 ] }, { "date": "2026-01-02", "close": 158.870487, "volume": 13055634, "typical_volume": 29718038.0, "trend": 160.083276, "fair_value": 113.756704, "relative_strength": -8.190078, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.58014, "energy": 10.722209, "activity_lines": [ 156.125694, 153.981826, 153.815802, 155.933334 ] }, { "date": "2026-01-09", "close": 161.159887, "volume": 27611505, "typical_volume": 29992011.0, "trend": 159.522382, "fair_value": 114.227392, "relative_strength": -8.584905, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.358634, "energy": 16.220319, "activity_lines": [ 158.606395, 155.633378, 154.372701, 156.002793 ] }, { "date": "2026-01-16", "close": 172.071702, "volume": 26477212, "typical_volume": 29888450.35, "trend": 159.358689, "fair_value": 114.767365, "relative_strength": -2.437582, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.203194, "energy": 50.321733, "activity_lines": [ 163.658166, 158.915972, 155.996993, 156.812426 ] }, { "date": "2026-01-23", "close": 171.477053, "volume": 20883616, "typical_volume": 29674100.9, "trend": 159.204464, "fair_value": 115.292797, "relative_strength": -2.76981, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.896226, "energy": 61.549486, "activity_lines": [ 167.100434, 161.700909, 157.519463, 157.594256 ] }, { "date": "2026-01-30", "close": 177.839801, "volume": 29380835, "typical_volume": 30024480.75, "trend": 159.332047, "fair_value": 115.865486, "relative_strength": 0.08129, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.453631, "energy": 76.197355, "activity_lines": [ 171.500839, 165.30041, 159.579704, 158.796536 ] }, { "date": "2026-02-06", "close": 181.179748, "volume": 38791476, "typical_volume": 30239383.25, "trend": 159.537563, "fair_value": 116.460857, "relative_strength": 1.934359, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.85059, "energy": 90.330372, "activity_lines": [ 175.799493, 169.045796, 161.880655, 160.206065 ] }, { "date": "2026-02-13", "close": 185.837835, "volume": 25409836, "typical_volume": 30271745.1, "trend": 159.936611, "fair_value": 117.089074, "relative_strength": 5.649905, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.966066, "energy": 92.113683, "activity_lines": [ 180.163559, 173.156, 164.517309, 161.902857 ] }, { "date": "2026-02-20", "close": 181.764487, "volume": 15541696, "typical_volume": 29045306.2, "trend": 160.777393, "fair_value": 117.709097, "relative_strength": 2.073227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.342106, "energy": 86.162458, "activity_lines": [ 181.524645, 175.786123, 166.644906, 163.311107 ] }, { "date": "2026-02-27", "close": 185.163899, "volume": 25812185, "typical_volume": 28774521.55, "trend": 161.665338, "fair_value": 118.347481, "relative_strength": 4.372595, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.661509, "energy": 85.337315, "activity_lines": [ 183.372683, 178.473193, 168.947518, 164.88443 ] }, { "date": "2026-03-06", "close": 168.464163, "volume": 28331680, "typical_volume": 28838643.55, "trend": 161.762509, "fair_value": 118.883517, "relative_strength": -3.095119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.554936, "energy": 52.327537, "activity_lines": [ 178.741686, 177.557973, 169.528425, 165.323064 ] }, { "date": "2026-03-13", "close": 173.102428, "volume": 30624948, "typical_volume": 27200392.95, "trend": 162.143669, "fair_value": 119.468972, "relative_strength": 1.089484, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.793115, "energy": 35.429869, "activity_lines": [ 176.28182, 177.325159, 170.488068, 166.054671 ] }, { "date": "2026-03-20", "close": 163.11, "volume": 25682119, "typical_volume": 26607275.4, "trend": 162.011458, "fair_value": 120.005813, "relative_strength": -2.921701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.478913, "energy": 21.408572, "activity_lines": [ 171.029632, 175.016777, 170.408903, 166.117015 ] }, { "date": "2026-03-27", "close": 163.54, "volume": 19184593, "typical_volume": 25999594.1, "trend": 162.043389, "fair_value": 120.508972, "relative_strength": -0.333522, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.530876, "energy": 25.159689, "activity_lines": [ 167.435967, 172.751121, 170.268973, 166.215631 ] }, { "date": "2026-04-03", "close": 158.1, "volume": 22508225, "typical_volume": 26017363.1, "trend": 162.074926, "fair_value": 120.967281, "relative_strength": -6.494854, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.241182, "energy": 20.941704, "activity_lines": [ 163.243935, 169.651495, 169.549552, 165.961219 ] }, { "date": "2026-04-10", "close": 160.45, "volume": 19300043, "typical_volume": 25729763.7, "trend": 162.036933, "fair_value": 121.438132, "relative_strength": -8.094346, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.656444, "energy": 29.367735, "activity_lines": [ 161.639495, 167.222361, 169.027991, 165.856385 ] }, { "date": "2026-04-17", "close": 157.79, "volume": 23441394, "typical_volume": 25551212.3, "trend": 162.012739, "fair_value": 121.901517, "relative_strength": -12.99782, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.898457, "energy": 31.7088, "activity_lines": [ 159.682667, 164.625769, 168.215067, 165.582389 ] }, { "date": "2026-04-24", "close": 162.862007, "volume": 28717943, "typical_volume": 25683320.4, "trend": 162.094706, "fair_value": 122.385083, "relative_strength": -10.179801, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.851011, "energy": 26.091002, "activity_lines": [ 160.437336, 163.376628, 167.870307, 165.637181 ] }, { "date": "2026-05-01", "close": 165.024243, "volume": 21494387, "typical_volume": 25241093.3, "trend": 162.577874, "fair_value": 122.90723, "relative_strength": -9.385726, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.268036, "energy": 16.887003, "activity_lines": [ 161.929283, 162.938364, 167.64721, 165.826183 ] }, { "date": "2026-05-08", "close": 169.596678, "volume": 22274624, "typical_volume": 24109679.45, "trend": 162.977748, "fair_value": 123.461155, "relative_strength": -8.573868, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 23.427573, "energy": 12.522693, "activity_lines": [ 164.846426, 163.635819, 167.792337, 166.279009 ] }, { "date": "2026-05-15", "close": 188.064952, "volume": 30509483, "typical_volume": 24751671.7, "trend": 164.072128, "fair_value": 124.144286, "relative_strength": 1.368769, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.552982, "energy": 37.507049, "activity_lines": [ 173.153214, 167.974183, 169.622246, 167.897538 ] }, { "date": "2026-05-22", "close": 187.450004, "volume": 21865328, "typical_volume": 25192156.4, "trend": 165.160414, "fair_value": 124.836648, "relative_strength": 0.538983, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.611155, "energy": 59.068808, "activity_lines": [ 179.414024, 171.84436, 171.258107, 169.405789 ] }, { "date": "2026-05-29", "close": 175.934609, "volume": 19425892, "typical_volume": 24782875.75, "trend": 166.299932, "fair_value": 125.449925, "relative_strength": -6.510033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.607531, "energy": 56.771023, "activity_lines": [ 179.859034, 173.359963, 171.66117, 170.100898 ] }, { "date": "2026-06-05", "close": 176.837193, "volume": 19089941, "typical_volume": 24413512.2, "trend": 167.172936, "fair_value": 126.064446, "relative_strength": -3.195939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.214171, "energy": 60.017978, "activity_lines": [ 179.7334, 174.806499, 172.079838, 170.780721 ] }, { "date": "2026-06-12", "close": 182.798221, "volume": 21088866, "typical_volume": 24423774.7, "trend": 168.177857, "fair_value": 126.704286, "relative_strength": -0.071753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.622196, "energy": 55.965939, "activity_lines": [ 180.807244, 177.09509, 173.04353, 171.788804 ] }, { "date": "2026-06-19", "close": 176.946297, "volume": 31286378, "typical_volume": 24519051.85, "trend": 168.993935, "fair_value": 127.291544, "relative_strength": -3.680904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.777563, "energy": 31.020807, "activity_lines": [ 179.050345, 177.870636, 173.395985, 172.35451 ] }, { "date": "2026-06-26", "close": 180.77, "volume": 23666798, "typical_volume": 23762817.95, "trend": 169.864137, "fair_value": 127.895814, "relative_strength": 1.125124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.478693, "energy": 30.971982, "activity_lines": [ 179.309256, 179.041469, 174.116858, 173.114256 ] }, { "date": "2026-07-03", "close": 182.27, "volume": 24970126, "typical_volume": 23740832.45, "trend": 171.100909, "fair_value": 128.509246, "relative_strength": 0.089912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.35191, "energy": 33.326619, "activity_lines": [ 180.513502, 180.067211, 174.982539, 173.914634 ] }, { "date": "2026-07-10", "close": 181.62, "volume": 21149992, "typical_volume": 24021247.25, "trend": 172.124829, "fair_value": 129.108287, "relative_strength": -1.275314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.637098, "energy": 30.219981, "activity_lines": [ 181.078721, 180.621898, 175.803304, 174.593285 ] }, { "date": "2026-07-17", "close": 192.98, "volume": 23354840, "typical_volume": 23898380.0, "trend": 173.422983, "fair_value": 129.791395, "relative_strength": 6.717741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.056003, "energy": 49.667726, "activity_lines": [ 185.111753, 182.940299, 177.706663, 175.93878 ] }, { "date": "2026-07-24", "close": 193.0, "volume": 29953829, "typical_volume": 23979487.45, "trend": 174.535856, "fair_value": 130.461339, "relative_strength": 7.250338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.068688, "energy": 61.737539, "activity_lines": [ 188.472667, 184.837185, 179.574707, 177.201814 ] }, { "date": "2026-07-31", "close": 190.82, "volume": 27931815, "typical_volume": 23844830.8, "trend": 175.60084, "fair_value": 131.138043, "relative_strength": 4.908679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.291303, "energy": 56.986904, "activity_lines": [ 190.036667, 186.247979, 181.118294, 178.252403 ] }, { "date": "2026-08-07", "close": 189.57, "volume": 25268445, "typical_volume": 23824147.1, "trend": 176.547844, "fair_value": 131.807017, "relative_strength": 0.825725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.288957, "energy": 55.446674, "activity_lines": [ 190.514, 187.370228, 182.458465, 179.15364 ] } ], "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." } } }