{ "ticker": { "uuid": "84edbc13-a1a4-48c7-9d64-c83073075601", "symbol": "GOOG", "name": "Alphabet Inc.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 51.561, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 10.326, "architecture_energy": 13.008, "architecture_maturity": 41.714, "architecture_confidence": 85.576, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 56.5, "rotation_up": 22.11, "upward_expansion": 42.89, "deceleration": 81.19, "rotation_down": 33.15, "downward_expansion": 32.22 }, "activity_lines": [ 55.387333, 55.677727, 56.822669, 55.691604 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 56.59, "trend_reference": 54.376124, "distance_from_trend": 0.040714, "trend_direction": "Improving", "fair_value": 34.701679, "distance_from_fair_value": 0.630757, "fair_value_direction": "Weakening", "relative_strength": 1.317109, "relative_strength_direction": "Weakening", "price_momentum": 0.083207, "excess_performance": -0.037214, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040714, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040156, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.630757, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.378756, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.013171, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.320721, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.083207, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.134041, "read": "Supply-led" } ], "volume": { "latest": 2069400, "relative_activity": 1.611984, "balance": 0.134041, "dry_up": 1.742382, "accumulation_observations": 1, "distribution_observations": 6 }, "risk": { "range_context": 0.067352, "annualized_volatility": 0.386114, "from_high_reference": -0.116497, "from_low_reference": 0.757039 }, "levels": { "trend_reference": 54.376124, "fair_value_reference": 34.701679, "structural_low": 43.700001, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.023014, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.002887, "regime_survival": 0.5, "best_return": 0.246535, "worst_return": -0.121641, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.144242, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.083132, "regime_survival": 0.0, "best_return": 0.255694, "worst_return": -0.000975, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.186973, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.102062, "regime_survival": 0.666667, "best_return": 0.226937, "worst_return": 0.034399, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.499291, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.234023, "regime_survival": 1.0, "best_return": 0.770778, "worst_return": 0.227804, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-12-13", "tenure": "Developing", "return": 0.160022, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-20", "end": "2024-12-27", "tenure": "New", "return": 0.006858, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": -0.064154, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.024887, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.080305, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": 0.061715, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.029146, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": 0.097737, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-02-20", "tenure": "Extended", "return": 0.508235, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.121641, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.071168, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.120879, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-06-12", "tenure": "Developing", "return": -0.100595, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.03265, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 21.524832, "volume": 816700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 21.981113, "volume": 713700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 22.99288, "volume": 739900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 23.022635, "volume": 490800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 23.230944, "volume": 712200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 22.030708, "volume": 698500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 22.060471, "volume": 814300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 23.270618, "volume": 707700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 23.250782, "volume": 738400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 22.943283, "volume": 859000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 20.67177, "volume": 2249700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 21.862085, "volume": 779100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 22.427485, "volume": 537500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 22.953205, "volume": 927800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 23.151588, "volume": 530900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 22.328287, "volume": 723900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 22.893684, "volume": 1037300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 22.377884, "volume": 795500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 23.905455, "volume": 964100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 23.597958, "volume": 425900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 22.99288, "volume": 685700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 24.153435, "volume": 552100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 24.738672, "volume": 522400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 25.72068, "volume": 676600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 24.014565, "volume": 2099500, "typical_volume": 866295.0, "trend": 22.711173, "fair_value": 19.633098, "relative_strength": 9.756408, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.161372, "energy": 66.668083, "activity_lines": [ 24.564754, 24.098789, 23.480625, 23.172835 ] }, { "date": "2024-02-09", "close": 25.125523, "volume": 1199800, "typical_volume": 891360.0, "trend": 22.84376, "fair_value": 19.700905, "relative_strength": 14.361245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.067508, "energy": 67.861679, "activity_lines": [ 24.831913, 24.363002, 23.676649, 23.3286 ] }, { "date": "2024-02-16", "close": 23.707069, "volume": 1436600, "typical_volume": 922475.0, "trend": 22.959155, "fair_value": 19.749761, "relative_strength": 6.003238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.09256, "energy": 40.115674, "activity_lines": [ 24.484078, 24.318456, 23.722844, 23.384297 ] }, { "date": "2024-02-23", "close": 24.312143, "volume": 731400, "typical_volume": 923660.0, "trend": 23.02363, "fair_value": 19.804729, "relative_strength": 7.146478, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.258295, "energy": 26.233029, "activity_lines": [ 24.367691, 24.369134, 23.818825, 23.471586 ] }, { "date": "2024-03-01", "close": 23.082155, "volume": 1880700, "typical_volume": 980775.0, "trend": 23.073226, "fair_value": 19.843746, "relative_strength": 0.5226, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.156215, "energy": 13.920918, "activity_lines": [ 23.869744, 24.16101, 23.792704, 23.475362 ] }, { "date": "2024-03-08", "close": 22.754816, "volume": 1966600, "typical_volume": 1036155.0, "trend": 23.102653, "fair_value": 19.877994, "relative_strength": -2.221208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.78118, "energy": 16.266015, "activity_lines": [ 23.438586, 23.908339, 23.736212, 23.45482 ] }, { "date": "2024-03-15", "close": 23.736826, "volume": 1407500, "typical_volume": 994045.0, "trend": 23.176387, "fair_value": 19.922864, "relative_strength": 1.124492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.914895, "energy": 18.409676, "activity_lines": [ 23.418748, 23.849545, 23.774141, 23.495734 ] }, { "date": "2024-03-22", "close": 25.313992, "volume": 1649300, "typical_volume": 1037555.0, "trend": 23.287483, "fair_value": 19.984831, "relative_strength": 6.738855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.535072, "energy": 21.658613, "activity_lines": [ 24.017211, 24.063982, 23.947681, 23.633644 ] }, { "date": "2024-03-29", "close": 25.403265, "volume": 520500, "typical_volume": 1036705.0, "trend": 23.367829, "fair_value": 20.046405, "relative_strength": 5.71977, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 60.34881, "energy": 36.500359, "activity_lines": [ 24.538304, 24.273549, 24.113286, 23.770146 ] }, { "date": "2024-04-05", "close": 25.651247, "volume": 852900, "typical_volume": 1032960.0, "trend": 23.455449, "fair_value": 20.10938, "relative_strength": 5.830331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.221527, "energy": 61.130104, "activity_lines": [ 25.069316, 24.516121, 24.288338, 23.917463 ] }, { "date": "2024-04-12", "close": 26.59358, "volume": 1024800, "typical_volume": 1057655.0, "trend": 23.567537, "fair_value": 20.181427, "relative_strength": 10.923863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.563669, "energy": 76.163022, "activity_lines": [ 25.743166, 24.931288, 24.540288, 24.119923 ] }, { "date": "2024-04-19", "close": 25.948826, "volume": 701300, "typical_volume": 1056525.0, "trend": 23.698141, "fair_value": 20.244805, "relative_strength": 8.075893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.974469, "energy": 71.961895, "activity_lines": [ 25.946181, 25.182336, 24.714442, 24.273555 ] }, { "date": "2024-04-26", "close": 28.914688, "volume": 1644300, "typical_volume": 1086875.0, "trend": 23.926615, "fair_value": 20.339043, "relative_strength": 18.646979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.52386, "energy": 85.573836, "activity_lines": [ 26.99035, 25.957663, 25.153819, 24.610106 ] }, { "date": "2024-05-03", "close": 28.160822, "volume": 1072900, "typical_volume": 1100745.0, "trend": 24.089622, "fair_value": 20.423148, "relative_strength": 14.848095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.952887, "energy": 85.70578, "activity_lines": [ 27.543183, 26.501239, 25.492727, 24.883281 ] }, { "date": "2024-05-10", "close": 28.359207, "volume": 838200, "typical_volume": 1094450.0, "trend": 24.259903, "fair_value": 20.507574, "relative_strength": 13.203841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.617267, "energy": 85.120025, "activity_lines": [ 27.978308, 27.010909, 25.822991, 25.158738 ] }, { "date": "2024-05-17", "close": 29.529682, "volume": 1195300, "typical_volume": 1132920.0, "trend": 24.479449, "fair_value": 20.602544, "relative_strength": 16.470854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.00394, "energy": 91.083788, "activity_lines": [ 28.62306, 27.637446, 26.243521, 25.498724 ] }, { "date": "2024-05-24", "close": 29.380894, "volume": 670000, "typical_volume": 1132135.0, "trend": 24.769753, "fair_value": 20.693985, "relative_strength": 16.131235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.469284, "energy": 86.579506, "activity_lines": [ 29.022477, 28.113751, 26.621635, 25.814946 ] }, { "date": "2024-05-31", "close": 28.984121, "volume": 693500, "typical_volume": 1139205.0, "trend": 25.007154, "fair_value": 20.77945, "relative_strength": 14.347488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.615974, "energy": 73.309246, "activity_lines": [ 29.060831, 28.415297, 26.931541, 26.086841 ] }, { "date": "2024-06-07", "close": 29.29162, "volume": 792900, "typical_volume": 1152730.0, "trend": 25.235959, "fair_value": 20.866309, "relative_strength": 16.367122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.814292, "energy": 62.682196, "activity_lines": [ 29.197056, 28.706022, 27.24773, 26.363258 ] }, { "date": "2024-06-14", "close": 29.721607, "volume": 1203400, "typical_volume": 1179070.0, "trend": 25.461572, "fair_value": 20.955757, "relative_strength": 19.426754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.861957, "energy": 61.486545, "activity_lines": [ 29.401223, 29.004229, 27.583189, 26.652655 ] }, { "date": "2024-06-21", "close": 30.059242, "volume": 946400, "typical_volume": 1121415.0, "trend": 25.691827, "fair_value": 21.046791, "relative_strength": 20.594982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.634627, "energy": 61.544702, "activity_lines": [ 29.627109, 29.289817, 27.931752, 26.949279 ] }, { "date": "2024-06-28", "close": 30.585545, "volume": 749400, "typical_volume": 1098895.0, "trend": 25.967069, "fair_value": 21.141234, "relative_strength": 20.133711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.298867, "energy": 63.05722, "activity_lines": [ 29.993125, 29.608085, 28.301655, 27.265002 ] }, { "date": "2024-07-05", "close": 32.005592, "volume": 308500, "typical_volume": 1042490.0, "trend": 26.2708, "fair_value": 21.247748, "relative_strength": 23.78369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.628967, "energy": 75.902754, "activity_lines": [ 30.75218, 30.10024, 28.7808, 27.654584 ] }, { "date": "2024-07-12", "close": 31.052275, "volume": 641700, "typical_volume": 1038005.0, "trend": 26.559946, "fair_value": 21.342937, "relative_strength": 16.220523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.648603, "energy": 70.824259, "activity_lines": [ 30.992031, 30.362866, 29.129636, 27.963067 ] }, { "date": "2024-07-19", "close": 29.850698, "volume": 500400, "typical_volume": 968990.0, "trend": 26.758121, "fair_value": 21.424743, "relative_strength": 11.041617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.523054, "energy": 56.58036, "activity_lines": [ 30.71398, 30.354451, 29.331941, 28.175373 ] }, { "date": "2024-07-26", "close": 28.033443, "volume": 1270500, "typical_volume": 934185.0, "trend": 26.90597, "fair_value": 21.487683, "relative_strength": 3.480923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.225164, "energy": 36.898947, "activity_lines": [ 29.821571, 29.988508, 29.328942, 28.257652 ] }, { "date": "2024-08-02", "close": 28.003651, "volume": 719800, "typical_volume": 899800.0, "trend": 27.072996, "fair_value": 21.549154, "relative_strength": 5.771602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.765869, "energy": 22.552656, "activity_lines": [ 29.054284, 29.644353, 29.29797, 28.32847 ] }, { "date": "2024-08-09", "close": 27.517063, "volume": 580900, "typical_volume": 846380.0, "trend": 27.185117, "fair_value": 21.604929, "relative_strength": 3.274425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.396362, "energy": 22.655465, "activity_lines": [ 28.296928, 29.236769, 29.200338, 28.35712 ] }, { "date": "2024-08-16", "close": 27.387968, "volume": 882800, "typical_volume": 864495.0, "trend": 27.273427, "fair_value": 21.658476, "relative_strength": -0.687008, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.536446, "energy": 28.587876, "activity_lines": [ 27.795775, 28.832386, 29.07992, 28.370207 ] }, { "date": "2024-08-23", "close": 27.844765, "volume": 567000, "typical_volume": 850200.0, "trend": 27.34423, "fair_value": 21.715231, "relative_strength": -0.174994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.946309, "energy": 25.112914, "activity_lines": [ 27.691175, 28.545669, 28.993556, 28.407067 ] }, { "date": "2024-08-30", "close": 27.397898, "volume": 474700, "typical_volume": 822695.0, "trend": 27.457007, "fair_value": 21.766891, "relative_strength": -2.115413, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.911147, "energy": 25.237109, "activity_lines": [ 27.571349, 28.211828, 28.854188, 28.41053 ] }, { "date": "2024-09-06", "close": 25.252939, "volume": 652000, "typical_volume": 820230.0, "trend": 27.461255, "fair_value": 21.798297, "relative_strength": -7.485019, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.711936, "energy": 58.607357, "activity_lines": [ 26.778905, 27.536382, 28.506708, 28.268332 ] }, { "date": "2024-09-13", "close": 26.319849, "volume": 1264500, "typical_volume": 801240.0, "trend": 27.548347, "fair_value": 21.838668, "relative_strength": -6.782722, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.062808, "energy": 45.13807, "activity_lines": [ 26.52548, 27.151876, 28.264152, 28.194693 ] }, { "date": "2024-09-20", "close": 27.37384, "volume": 772100, "typical_volume": 786200.0, "trend": 27.650404, "fair_value": 21.887652, "relative_strength": -4.314008, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.512475, "energy": 36.71816, "activity_lines": [ 26.703198, 27.062383, 28.134332, 28.183434 ] }, { "date": "2024-09-27", "close": 27.423553, "volume": 465300, "typical_volume": 767555.0, "trend": 27.795117, "fair_value": 21.936212, "relative_strength": -4.522151, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.596926, "energy": 30.745573, "activity_lines": [ 26.89843, 27.048809, 28.012995, 28.168799 ] }, { "date": "2024-10-04", "close": 27.960493, "volume": 512900, "typical_volume": 733435.0, "trend": 27.96864, "fair_value": 21.988597, "relative_strength": -3.402202, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.830704, "energy": 13.292663, "activity_lines": [ 27.300722, 27.17699, 27.94725, 28.179468 ] }, { "date": "2024-10-11", "close": 27.31418, "volume": 926400, "typical_volume": 746255.0, "trend": 28.087885, "fair_value": 22.034508, "relative_strength": -6.706832, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.770338, "energy": 11.005477, "activity_lines": [ 27.450071, 27.188986, 27.827424, 28.137245 ] }, { "date": "2024-10-18", "close": 27.383781, "volume": 538600, "typical_volume": 738510.0, "trend": 28.156878, "fair_value": 22.080228, "relative_strength": -7.648733, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.744956, "energy": 19.623815, "activity_lines": [ 27.485203, 27.226172, 27.724069, 28.091819 ] }, { "date": "2024-10-25", "close": 27.692022, "volume": 761100, "typical_volume": 736920.0, "trend": 28.23317, "fair_value": 22.127786, "relative_strength": -5.28327, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.49661, "energy": 19.222656, "activity_lines": [ 27.552154, 27.321826, 27.65769, 28.061828 ] }, { "date": "2024-11-01", "close": 28.586916, "volume": 2717500, "typical_volume": 812625.0, "trend": 28.331025, "fair_value": 22.182064, "relative_strength": -1.502092, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.064719, "energy": 12.9545, "activity_lines": [ 27.896191, 27.574659, 27.684156, 28.08465 ] }, { "date": "2024-11-08", "close": 29.829828, "volume": 1013000, "typical_volume": 815955.0, "trend": 28.4389, "fair_value": 22.245795, "relative_strength": 0.584434, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.615863, "energy": 26.129817, "activity_lines": [ 28.576974, 28.039983, 27.834398, 28.181347 ] }, { "date": "2024-11-15", "close": 28.855389, "volume": 931300, "typical_volume": 825050.0, "trend": 28.535786, "fair_value": 22.30042, "relative_strength": -3.248159, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.027138, "energy": 26.261453, "activity_lines": [ 28.808322, 28.283919, 27.892929, 28.208218 ] }, { "date": "2024-11-22", "close": 27.572704, "volume": 1789600, "typical_volume": 899105.0, "trend": 28.491053, "fair_value": 22.343635, "relative_strength": -9.461681, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.632036, "energy": 16.606496, "activity_lines": [ 28.509361, 28.229141, 27.837538, 28.146083 ] }, { "date": "2024-11-29", "close": 28.318449, "volume": 919800, "typical_volume": 913010.0, "trend": 28.496307, "fair_value": 22.392211, "relative_strength": -7.769864, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.539426, "energy": 13.401752, "activity_lines": [ 28.446387, 28.287174, 27.87428, 28.134948 ] }, { "date": "2024-12-06", "close": 29.193457, "volume": 1154000, "typical_volume": 945690.0, "trend": 28.524115, "fair_value": 22.44706, "relative_strength": -5.097818, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.578452, "energy": 14.663272, "activity_lines": [ 28.63332, 28.487124, 28.007374, 28.179925 ] }, { "date": "2024-12-13", "close": 31.685061, "volume": 2201400, "typical_volume": 992235.0, "trend": 28.595961, "fair_value": 22.520964, "relative_strength": 4.428965, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.258134, "energy": 38.165751, "activity_lines": [ 29.610352, 29.107913, 28.380893, 28.383857 ] }, { "date": "2024-12-20", "close": 31.933926, "volume": 1995200, "typical_volume": 1056005.0, "trend": 28.681062, "fair_value": 22.59567, "relative_strength": 7.871383, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.507018, "energy": 64.144359, "activity_lines": [ 30.546656, 29.70623, 28.760725, 28.59921 ] }, { "date": "2024-12-27", "close": 32.15292, "volume": 437100, "typical_volume": 1048815.0, "trend": 28.786689, "fair_value": 22.670924, "relative_strength": 7.455513, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.632852, "energy": 79.902117, "activity_lines": [ 31.350723, 30.26037, 29.142698, 28.8232 ] }, { "date": "2025-01-03", "close": 31.963781, "volume": 582500, "typical_volume": 1033800.0, "trend": 28.875761, "fair_value": 22.743524, "relative_strength": 5.346295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.581359, "energy": 80.395826, "activity_lines": [ 31.786396, 30.693408, 29.484582, 29.028174 ] }, { "date": "2025-01-10", "close": 31.983694, "volume": 1409100, "typical_volume": 1075905.0, "trend": 28.951164, "fair_value": 22.815154, "relative_strength": 6.475435, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.317264, "energy": 76.76241, "activity_lines": [ 31.985684, 31.0524, 29.806573, 29.228686 ] }, { "date": "2025-01-17", "close": 32.650642, "volume": 437000, "typical_volume": 1074020.0, "trend": 29.037544, "fair_value": 22.890811, "relative_strength": 7.191473, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.176294, "energy": 70.896563, "activity_lines": [ 32.221273, 31.470894, 30.172374, 29.467362 ] }, { "date": "2025-01-24", "close": 33.377316, "volume": 911500, "typical_volume": 1086995.0, "trend": 29.130603, "fair_value": 22.970861, "relative_strength": 7.69505, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.741615, "energy": 62.174003, "activity_lines": [ 32.634714, 31.970224, 30.582369, 29.747347 ] }, { "date": "2025-01-31", "close": 33.944717, "volume": 956300, "typical_volume": 1071585.0, "trend": 29.195241, "fair_value": 23.053996, "relative_strength": 8.920805, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.485542, "energy": 65.795165, "activity_lines": [ 33.141063, 32.490501, 31.007714, 30.057935 ] }, { "date": "2025-02-07", "close": 30.918568, "volume": 2148400, "typical_volume": 1140400.0, "trend": 29.190784, "fair_value": 23.113128, "relative_strength": -0.467973, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.079595, "energy": 46.502269, "activity_lines": [ 32.519242, 32.344714, 31.108546, 30.169118 ] }, { "date": "2025-02-14", "close": 30.819021, "volume": 568900, "typical_volume": 1145580.0, "trend": 29.223061, "fair_value": 23.170635, "relative_strength": -1.091848, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.44919, "energy": 33.729674, "activity_lines": [ 31.93392, 32.133553, 31.183017, 30.274165 ] }, { "date": "2025-02-21", "close": 29.913164, "volume": 402000, "typical_volume": 1140035.0, "trend": 29.285718, "fair_value": 23.22058, "relative_strength": -2.798347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.399301, "energy": 20.237658, "activity_lines": [ 31.124291, 31.728134, 31.155048, 30.318688 ] }, { "date": "2025-02-28", "close": 28.340359, "volume": 912900, "typical_volume": 1139360.0, "trend": 29.296942, "fair_value": 23.258225, "relative_strength": -8.867603, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.211226, "energy": 20.86259, "activity_lines": [ 29.972891, 31.068968, 30.967989, 30.257697 ] }, { "date": "2025-03-07", "close": 28.977448, "volume": 879800, "typical_volume": 1156420.0, "trend": 29.345622, "fair_value": 23.299971, "relative_strength": -4.615348, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.968684, "energy": 24.909234, "activity_lines": [ 29.369652, 30.590973, 30.836719, 30.237084 ] }, { "date": "2025-03-14", "close": 27.635057, "volume": 849400, "typical_volume": 1160835.0, "trend": 29.353858, "fair_value": 23.331385, "relative_strength": -8.329303, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.987518, "energy": 45.058066, "activity_lines": [ 28.6501, 29.926643, 30.570013, 30.126725 ] }, { "date": "2025-03-21", "close": 27.425776, "volume": 900100, "typical_volume": 1069965.0, "trend": 29.339892, "fair_value": 23.360841, "relative_strength": -10.461601, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.17138, "energy": 61.228724, "activity_lines": [ 28.079689, 29.302966, 30.283647, 30.002333 ] }, { "date": "2025-03-28", "close": 25.681768, "volume": 1129400, "typical_volume": 1075785.0, "trend": 29.282687, "fair_value": 23.377419, "relative_strength": -15.302212, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.607657, "energy": 69.437215, "activity_lines": [ 27.154158, 28.445069, 29.836714, 29.766325 ] }, { "date": "2025-04-04", "close": 24.316456, "volume": 1698200, "typical_volume": 1114130.0, "trend": 29.251471, "fair_value": 23.384079, "relative_strength": -14.251698, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.624704, "energy": 78.097066, "activity_lines": [ 26.055616, 27.465639, 29.279504, 29.445923 ] }, { "date": "2025-04-11", "close": 26.150158, "volume": 2867500, "typical_volume": 1168025.0, "trend": 29.245815, "fair_value": 23.403558, "relative_strength": -9.175933, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.972078, "energy": 67.065704, "activity_lines": [ 25.836568, 26.984352, 28.918546, 29.245838 ] }, { "date": "2025-04-18", "close": 25.223341, "volume": 924000, "typical_volume": 1168235.0, "trend": 29.174131, "fair_value": 23.416284, "relative_strength": -14.387013, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.125671, "energy": 73.907674, "activity_lines": [ 25.497068, 26.476273, 28.476094, 28.986324 ] }, { "date": "2025-04-25", "close": 26.96735, "volume": 1462900, "typical_volume": 1183680.0, "trend": 29.158925, "fair_value": 23.440944, "relative_strength": -10.065883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.755616, "energy": 50.128884, "activity_lines": [ 25.899685, 26.388836, 28.214477, 28.843951 ] }, { "date": "2025-05-02", "close": 27.226461, "volume": 753000, "typical_volume": 1111260.0, "trend": 29.134457, "fair_value": 23.467051, "relative_strength": -10.0877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.914898, "energy": 35.022093, "activity_lines": [ 26.419233, 26.41854, 27.988137, 28.719276 ] }, { "date": "2025-05-09", "close": 25.323, "volume": 2456500, "typical_volume": 1134325.0, "trend": 29.068084, "fair_value": 23.479763, "relative_strength": -17.090171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.223363, "energy": 38.564964, "activity_lines": [ 26.201316, 26.15101, 27.601747, 28.473375 ] }, { "date": "2025-05-16", "close": 27.465639, "volume": 1507900, "typical_volume": 1187865.0, "trend": 29.070813, "fair_value": 23.506878, "relative_strength": -11.839925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.411497, "energy": 24.656998, "activity_lines": [ 26.630508, 26.327911, 27.450898, 28.369992 ] }, { "date": "2025-05-23", "close": 27.794508, "volume": 1741500, "typical_volume": 1245815.0, "trend": 29.074229, "fair_value": 23.535848, "relative_strength": -10.118331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.830121, "energy": 19.578188, "activity_lines": [ 27.081625, 26.592094, 27.353691, 28.28765 ] }, { "date": "2025-05-30", "close": 28.312729, "volume": 1110700, "typical_volume": 1230895.0, "trend": 29.06509, "fair_value": 23.567908, "relative_strength": -9.153255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.702886, "energy": 17.398902, "activity_lines": [ 27.53407, 26.9476, 27.325692, 28.23852 ] }, { "date": "2025-06-06", "close": 28.631634, "volume": 1556000, "typical_volume": 1286845.0, "trend": 29.02515, "fair_value": 23.601666, "relative_strength": -8.647475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.832712, "energy": 18.13891, "activity_lines": [ 28.003126, 27.344963, 27.345545, 28.210556 ] }, { "date": "2025-06-13", "close": 28.755356, "volume": 1235700, "typical_volume": 1303055.0, "trend": 29.021815, "fair_value": 23.635797, "relative_strength": -8.083232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.408795, "energy": 15.793613, "activity_lines": [ 28.419744, 27.711186, 27.39632, 28.19315 ] }, { "date": "2025-06-20", "close": 27.488203, "volume": 1334900, "typical_volume": 1321985.0, "trend": 29.018999, "fair_value": 23.661141, "relative_strength": -11.596724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.441102, "energy": 13.535744, "activity_lines": [ 28.185154, 27.76631, 27.348422, 28.094207 ] }, { "date": "2025-06-27", "close": 29.204346, "volume": 2443300, "typical_volume": 1336730.0, "trend": 29.048529, "fair_value": 23.697371, "relative_strength": -6.295748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.897934, "energy": 12.875393, "activity_lines": [ 28.521107, 28.109133, 27.494712, 28.106165 ] }, { "date": "2025-07-04", "close": 29.483719, "volume": 821600, "typical_volume": 1349365.0, "trend": 29.058204, "fair_value": 23.734945, "relative_strength": -6.095143, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.944388, "energy": 22.523968, "activity_lines": [ 28.856196, 28.430369, 27.675772, 28.134242 ] }, { "date": "2025-07-11", "close": 29.593472, "volume": 2093100, "typical_volume": 1433920.0, "trend": 28.988484, "fair_value": 23.772742, "relative_strength": -5.218353, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.043026, "energy": 30.360054, "activity_lines": [ 29.149802, 28.725807, 27.873644, 28.168775 ] }, { "date": "2025-07-18", "close": 30.421608, "volume": 1284000, "typical_volume": 1452475.0, "trend": 28.938074, "fair_value": 23.815363, "relative_strength": -3.278129, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.805955, "energy": 47.414132, "activity_lines": [ 29.655332, 29.12878, 28.151907, 28.261235 ] }, { "date": "2025-07-25", "close": 31.678783, "volume": 2528800, "typical_volume": 1534925.0, "trend": 28.922269, "fair_value": 23.890626, "relative_strength": 0.186134, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.803084, "energy": 63.34524, "activity_lines": [ 30.468836, 29.667627, 28.539991, 28.438054 ] }, { "date": "2025-08-01", "close": 30.970377, "volume": 1784100, "typical_volume": 1581660.0, "trend": 28.889156, "fair_value": 23.959631, "relative_strength": -0.146246, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.170152, "energy": 60.840179, "activity_lines": [ 30.766834, 30.001071, 28.847745, 28.57019 ] }, { "date": "2025-08-08", "close": 32.955914, "volume": 1122000, "typical_volume": 1592755.0, "trend": 28.921563, "fair_value": 24.036977, "relative_strength": 3.50932, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.641155, "energy": 74.161395, "activity_lines": [ 31.608941, 30.637779, 29.328714, 28.832562 ] }, { "date": "2025-08-15", "close": 33.394928, "volume": 1973000, "typical_volume": 1634935.0, "trend": 28.946373, "fair_value": 24.121969, "relative_strength": 4.321104, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.270904, "energy": 88.492129, "activity_lines": [ 32.365907, 31.269885, 29.82516, 29.121166 ] }, { "date": "2025-08-22", "close": 33.724186, "volume": 1371500, "typical_volume": 1618600.0, "trend": 28.957935, "fair_value": 24.216384, "relative_strength": 3.769291, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.21625, "energy": 89.506645, "activity_lines": [ 32.979195, 31.875252, 30.316235, 29.429412 ] }, { "date": "2025-08-29", "close": 34.771828, "volume": 1039200, "typical_volume": 1527185.0, "trend": 28.985505, "fair_value": 24.320313, "relative_strength": 6.048332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.546268, "energy": 92.31922, "activity_lines": [ 33.721525, 32.580756, 30.862287, 29.804502 ] }, { "date": "2025-09-05", "close": 38.254002, "volume": 1514800, "typical_volume": 1556725.0, "trend": 29.23002, "fair_value": 24.443193, "relative_strength": 14.317227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.616023, "energy": 96.436058, "activity_lines": [ 35.418377, 33.786954, 31.698919, 30.40247 ] }, { "date": "2025-09-12", "close": 39.306572, "volume": 768500, "typical_volume": 1522005.0, "trend": 29.512938, "fair_value": 24.581723, "relative_strength": 16.090172, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.773555, "energy": 96.597601, "activity_lines": [ 36.98051, 35.019988, 32.573744, 31.05257 ] }, { "date": "2025-09-19", "close": 41.513569, "volume": 1014000, "typical_volume": 1535055.0, "trend": 29.899618, "fair_value": 24.739868, "relative_strength": 20.117753, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.400297, "energy": 97.722505, "activity_lines": [ 38.854932, 36.475698, 33.600002, 31.826804 ] }, { "date": "2025-09-26", "close": 40.165401, "volume": 994200, "typical_volume": 1461940.0, "trend": 30.293786, "fair_value": 24.892105, "relative_strength": 15.851455, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.405581, "energy": 91.13089, "activity_lines": [ 39.738722, 37.469557, 34.429829, 32.489113 ] }, { "date": "2025-10-03", "close": 40.055553, "volume": 1186300, "typical_volume": 1445860.0, "trend": 30.663056, "fair_value": 25.040014, "relative_strength": 12.548768, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.446948, "energy": 87.797663, "activity_lines": [ 40.156481, 38.266283, 35.178516, 33.118904 ] }, { "date": "2025-10-10", "close": 38.617508, "volume": 1184300, "typical_volume": 1418000.0, "trend": 31.029138, "fair_value": 25.181311, "relative_strength": 10.441947, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.641342, "energy": 67.059049, "activity_lines": [ 39.742644, 38.649242, 35.730295, 33.632094 ] }, { "date": "2025-10-17", "close": 41.203987, "volume": 754100, "typical_volume": 1400170.0, "trend": 31.488412, "fair_value": 25.334674, "relative_strength": 16.324088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.630849, "energy": 68.545769, "activity_lines": [ 40.166733, 39.363432, 36.476866, 34.288536 ] }, { "date": "2025-10-24", "close": 42.352428, "volume": 1164900, "typical_volume": 1380615.0, "trend": 32.044101, "fair_value": 25.501058, "relative_strength": 18.094372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.204771, "energy": 69.196942, "activity_lines": [ 40.847141, 40.136463, 37.271426, 34.989441 ] }, { "date": "2025-10-31", "close": 45.767788, "volume": 2335100, "typical_volume": 1435585.0, "trend": 32.759145, "fair_value": 25.700017, "relative_strength": 27.315521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.003354, "energy": 73.290634, "activity_lines": [ 42.610079, 41.367606, 38.325922, 35.87484 ] }, { "date": "2025-11-07", "close": 45.378315, "volume": 1407600, "typical_volume": 1439220.0, "trend": 33.400084, "fair_value": 25.885353, "relative_strength": 27.060513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.212686, "energy": 71.642334, "activity_lines": [ 43.8697, 42.308961, 39.262313, 36.68898 ] }, { "date": "2025-11-14", "close": 44.958885, "volume": 1017100, "typical_volume": 1367910.0, "trend": 34.057935, "fair_value": 26.067173, "relative_strength": 23.523278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.726893, "energy": 70.373067, "activity_lines": [ 44.634659, 42.98121, 40.073567, 37.434709 ] }, { "date": "2025-11-21", "close": 48.593945, "volume": 2102300, "typical_volume": 1431945.0, "trend": 34.778821, "fair_value": 26.271531, "relative_strength": 33.119241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.997635, "energy": 79.59129, "activity_lines": [ 46.188548, 44.192473, 41.155996, 38.372516 ] }, { "date": "2025-11-28", "close": 51.899456, "volume": 2217400, "typical_volume": 1438160.0, "trend": 35.601255, "fair_value": 26.494981, "relative_strength": 35.454952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.112448, "energy": 82.440683, "activity_lines": [ 48.351609, 45.835876, 42.462234, 39.477073 ] }, { "date": "2025-12-05", "close": 52.18906, "volume": 1381800, "typical_volume": 1443050.0, "trend": 36.49679, "fair_value": 26.728172, "relative_strength": 35.390113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.317886, "energy": 88.813489, "activity_lines": [ 49.974736, 47.343101, 43.689835, 40.547254 ] }, { "date": "2025-12-12", "close": 50.40432, "volume": 1287000, "typical_volume": 1380960.0, "trend": 37.261413, "fair_value": 26.952274, "relative_strength": 29.167922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.192001, "energy": 81.619015, "activity_lines": [ 50.574866, 48.307215, 44.643806, 41.444514 ] }, { "date": "2025-12-19", "close": 50.054569, "volume": 1188400, "typical_volume": 1351175.0, "trend": 38.003415, "fair_value": 27.175725, "relative_strength": 26.801202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.59742, "energy": 73.233772, "activity_lines": [ 50.723344, 49.019578, 45.475298, 42.269879 ] }, { "date": "2025-12-26", "close": 51.083839, "volume": 422100, "typical_volume": 1316180.0, "trend": 38.762452, "fair_value": 27.406599, "relative_strength": 27.829183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.741213, "energy": 66.231812, "activity_lines": [ 50.8752, 49.711135, 46.313939, 43.113777 ] }, { "date": "2026-01-02", "close": 51.003899, "volume": 636000, "typical_volume": 1249330.0, "trend": 39.508194, "fair_value": 27.638043, "relative_strength": 27.457418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.140943, "energy": 63.260459, "activity_lines": [ 50.834417, 50.208524, 47.058643, 43.903548 ] }, { "date": "2026-01-09", "close": 53.232323, "volume": 1129000, "typical_volume": 1237205.0, "trend": 40.324093, "fair_value": 27.878429, "relative_strength": 29.374829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.354104, "energy": 66.905027, "activity_lines": [ 51.596146, 50.953781, 47.931726, 44.788976 ] }, { "date": "2026-01-16", "close": 53.472149, "volume": 1395600, "typical_volume": 1255025.0, "trend": 41.190224, "fair_value": 28.113614, "relative_strength": 27.660748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.990863, "energy": 66.434428, "activity_lines": [ 52.368265, 51.606925, 48.734753, 45.637237 ] }, { "date": "2026-01-23", "close": 53.192348, "volume": 1406000, "typical_volume": 1249585.0, "trend": 41.989824, "fair_value": 28.345351, "relative_strength": 26.03009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.089646, "energy": 64.680316, "activity_lines": [ 52.842596, 52.062034, 49.422084, 46.411568 ] }, { "date": "2026-01-30", "close": 54.661308, "volume": 1229100, "typical_volume": 1272615.0, "trend": 42.829077, "fair_value": 28.581418, "relative_strength": 33.693109, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.599787, "energy": 68.970145, "activity_lines": [ 53.597395, 52.634528, 50.17818, 47.229083 ] }, { "date": "2026-02-06", "close": 52.243019, "volume": 2657200, "typical_volume": 1354775.0, "trend": 43.584062, "fair_value": 28.813492, "relative_strength": 24.885585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.371237, "energy": 56.905208, "activity_lines": [ 53.307599, 52.657018, 50.630845, 47.836434 ] }, { "date": "2026-02-13", "close": 49.504959, "volume": 2100800, "typical_volume": 1410105.0, "trend": 44.220174, "fair_value": 29.028205, "relative_strength": 15.687475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.985549, "energy": 39.886084, "activity_lines": [ 52.022509, 52.175432, 50.77165, 48.218428 ] }, { "date": "2026-02-20", "close": 50.863998, "volume": 1189000, "typical_volume": 1410240.0, "trend": 44.859681, "fair_value": 29.257543, "relative_strength": 15.708096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.469587, "energy": 31.305175, "activity_lines": [ 51.438923, 51.989745, 50.997414, 48.647061 ] }, { "date": "2026-02-27", "close": 50.184479, "volume": 969200, "typical_volume": 1399485.0, "trend": 45.500151, "fair_value": 29.477439, "relative_strength": 11.853771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.342912, "energy": 23.841086, "activity_lines": [ 50.802707, 51.672152, 51.106992, 48.990597 ] }, { "date": "2026-03-06", "close": 48.035999, "volume": 1292000, "typical_volume": 1426380.0, "trend": 46.002821, "fair_value": 29.686742, "relative_strength": 10.672092, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.850567, "energy": 20.201121, "activity_lines": [ 49.650856, 50.961564, 50.956873, 49.1542 ] }, { "date": "2026-03-13", "close": 48.52, "volume": 890700, "typical_volume": 1412670.0, "trend": 46.50699, "fair_value": 29.886875, "relative_strength": 13.042753, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.103269, "energy": 15.740091, "activity_lines": [ 49.102026, 50.394392, 50.820315, 49.316598 ] }, { "date": "2026-03-20", "close": 48.049999, "volume": 769500, "typical_volume": 1334390.0, "trend": 46.984517, "fair_value": 30.079926, "relative_strength": 15.590265, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.344607, "energy": 17.944454, "activity_lines": [ 48.64473, 49.786927, 50.609626, 49.416147 ] }, { "date": "2026-03-27", "close": 44.080002, "volume": 1558100, "typical_volume": 1341915.0, "trend": 47.294789, "fair_value": 30.249817, "relative_strength": 3.393386, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.366063, "energy": 40.08967, "activity_lines": [ 46.961099, 48.551868, 50.009975, 49.228759 ] }, { "date": "2026-04-03", "close": 47.349998, "volume": 1134500, "typical_volume": 1347785.0, "trend": 47.597989, "fair_value": 30.43552, "relative_strength": 6.627265, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.450435, "energy": 39.593697, "activity_lines": [ 46.819733, 48.08212, 49.727934, 49.232321 ] }, { "date": "2026-04-10", "close": 50.719791, "volume": 891300, "typical_volume": 1287235.0, "trend": 47.97843, "fair_value": 30.642187, "relative_strength": 11.589418, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 9.513729, "energy": 16.976262, "activity_lines": [ 47.990597, 48.331286, 49.755439, 49.433728 ] }, { "date": "2026-04-17", "close": 54.567501, "volume": 1455400, "typical_volume": 1249135.0, "trend": 48.413561, "fair_value": 30.877335, "relative_strength": 16.871067, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.80756, "energy": 21.941554, "activity_lines": [ 50.265111, 49.3517, 50.13927, 49.858829 ] }, { "date": "2026-04-24", "close": 54.947273, "volume": 1280600, "typical_volume": 1244075.0, "trend": 48.90629, "fair_value": 31.112565, "relative_strength": 18.333258, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.526126, "energy": 41.407735, "activity_lines": [ 52.263049, 50.3989, 50.546565, 50.280359 ] }, { "date": "2026-05-01", "close": 61.163574, "volume": 2147300, "typical_volume": 1287090.0, "trend": 49.609891, "fair_value": 31.389931, "relative_strength": 30.457266, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 85.5669, "energy": 76.804453, "activity_lines": [ 55.87327, 52.477386, 51.532754, 51.071151 ] }, { "date": "2026-05-08", "close": 63.642097, "volume": 1420000, "typical_volume": 1298670.0, "trend": 50.444044, "fair_value": 31.670405, "relative_strength": 33.389229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.665683, "energy": 93.974547, "activity_lines": [ 59.17076, 54.819247, 52.703758, 51.976455 ] }, { "date": "2026-05-15", "close": 62.922523, "volume": 1548300, "typical_volume": 1354980.0, "trend": 51.167995, "fair_value": 31.940481, "relative_strength": 31.38592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.186558, "energy": 92.791012, "activity_lines": [ 61.142251, 56.785592, 53.741529, 52.781518 ] }, { "date": "2026-05-22", "close": 60.943703, "volume": 1335400, "typical_volume": 1389950.0, "trend": 51.787704, "fair_value": 32.195518, "relative_strength": 23.732229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.059468, "energy": 88.16851, "activity_lines": [ 61.640621, 58.121488, 54.534467, 53.412209 ] }, { "date": "2026-05-29", "close": 60.444, "volume": 1559400, "typical_volume": 1411470.0, "trend": 52.276911, "fair_value": 32.447798, "relative_strength": 20.600906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.242397, "energy": 85.932219, "activity_lines": [ 61.547343, 59.140643, 55.232481, 53.97068 ] }, { "date": "2026-06-05", "close": 58.764999, "volume": 365900, "typical_volume": 1359985.0, "trend": 52.723134, "fair_value": 32.691731, "relative_strength": 17.483994, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.796683, "energy": 57.622983, "activity_lines": [ 60.52795, 59.62918, 55.736249, 54.389266 ] }, { "date": "2026-06-12", "close": 57.240002, "volume": 319700, "typical_volume": 1305670.0, "trend": 53.132504, "fair_value": 32.924617, "relative_strength": 11.898264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.623537, "energy": 40.395303, "activity_lines": [ 59.160129, 59.573445, 56.069575, 54.680677 ] }, { "date": "2026-06-19", "close": 58.5, "volume": 38400, "typical_volume": 1246135.0, "trend": 53.462706, "fair_value": 33.166787, "relative_strength": 13.314164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.681117, "energy": 31.783771, "activity_lines": [ 58.639114, 59.566982, 56.503626, 55.026967 ] }, { "date": "2026-06-26", "close": 53.630001, "volume": 507300, "typical_volume": 1138640.0, "trend": 53.520391, "fair_value": 33.379902, "relative_strength": 3.257504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.322721, "energy": 23.643811, "activity_lines": [ 56.789601, 58.533606, 56.455588, 55.03776 ] }, { "date": "2026-07-03", "close": 57.099998, "volume": 24600, "typical_volume": 1034830.0, "trend": 53.684089, "fair_value": 33.616405, "relative_strength": 8.360893, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.762774, "energy": 25.79461, "activity_lines": [ 56.584333, 58.148184, 56.731422, 55.268703 ] }, { "date": "2026-07-10", "close": 56.75, "volume": 1141800, "typical_volume": 1032470.0, "trend": 53.895612, "fair_value": 33.844623, "relative_strength": 6.815853, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.136268, "energy": 22.215707, "activity_lines": [ 56.485333, 57.659986, 56.937756, 55.466503 ] }, { "date": "2026-07-17", "close": 55.310001, "volume": 1816000, "typical_volume": 1074810.0, "trend": 54.070793, "fair_value": 34.069398, "relative_strength": 3.625565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.485731, "energy": 19.772964, "activity_lines": [ 56.040667, 56.990217, 56.978918, 55.557754 ] }, { "date": "2026-07-24", "close": 51.07, "volume": 3258700, "typical_volume": 1173145.0, "trend": 54.070331, "fair_value": 34.253321, "relative_strength": -4.955134, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.592322, "energy": 19.757236, "activity_lines": [ 54.311333, 55.701031, 56.591863, 55.364155 ] }, { "date": "2026-07-31", "close": 56.82, "volume": 1803100, "typical_volume": 1218765.0, "trend": 54.264201, "fair_value": 34.479127, "relative_strength": 5.551559, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.272781, "energy": 14.819119, "activity_lines": [ 54.994, 55.6728, 56.73798, 55.541553 ] }, { "date": "2026-08-07", "close": 56.59, "volume": 2069400, "typical_volume": 1283760.0, "trend": 54.376124, "fair_value": 34.701679, "relative_strength": 1.317109, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.326055, "energy": 13.008319, "activity_lines": [ 55.387333, 55.677727, 56.822669, 55.691604 ] } ], "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." } } }