{ "ticker": { "uuid": "8600bc07-aab3-4a2c-9576-7185c7d8cc0d", "symbol": "AVAP", "name": "Avation PLC", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 63.848, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 29.945, "architecture_energy": 32.594, "architecture_maturity": 27.881, "architecture_confidence": 44.798, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 36.5, "rotation_up": 54.46, "upward_expansion": 55.18, "deceleration": 25.61, "rotation_down": 25.09, "downward_expansion": 15.84 }, "activity_lines": [ 138.7, 137.627273, 136.59881, 136.173656 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 140.0, "trend_reference": 136.783333, "distance_from_trend": 0.023517, "trend_direction": "Weakening", "fair_value": 137.614038, "distance_from_fair_value": 0.017338, "fair_value_direction": "Improving", "relative_strength": -9.877851, "relative_strength_direction": "Improving", "price_momentum": -0.037801, "excess_performance": -0.089036, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.023517, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.009654, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.017338, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.026649, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.098779, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.043921, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.037801, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.28441, "read": "Demand-led" } ], "volume": { "latest": 352885, "relative_activity": 0.633232, "balance": 2.28441, "dry_up": 0.743549, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.038299, "annualized_volatility": 0.179847, "from_high_reference": -0.176433, "from_low_reference": 0.143417 }, "levels": { "trend_reference": 136.783333, "fair_value_reference": 137.614038, "structural_low": 122.440002, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.007407, "positive_rate": 0.466667, "directional_follow_through": 0.466667, "median_excess_return": -0.003103, "regime_survival": 0.466667, "best_return": 0.1375, "worst_return": -0.172414, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.043408, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.012186, "regime_survival": 0.25, "best_return": 0.4375, "worst_return": -0.369458, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.087542, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.107926, "regime_survival": 0.0, "best_return": 0.65, "worst_return": -0.285047, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.061404, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.009977, "regime_survival": 0.0, "best_return": 0.074766, "worst_return": -0.104336, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-19", "end": "2024-10-04", "tenure": "Developing", "return": 0.086614, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-12-06", "tenure": "Developing", "return": 0.081664, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2025-01-24", "tenure": "Developing", "return": -0.09434, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-03-07", "tenure": "Developing", "return": 0.055944, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.111111, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.05, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-06-20", "tenure": "Developing", "return": 0.04698, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.012903, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": -0.024615, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": 0.018927, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": -0.104253, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": 0.021277, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-05-08", "tenure": "Established", "return": -0.032258, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.037037, "active": true } ], "chart_path": [ { "date": "2023-07-21", "close": 110.991646, "volume": 283716, "typical_volume": 433109.05, "trend": 118.741066, "fair_value": 110.13979, "relative_strength": 1.38508, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.000519, "energy": 52.185949, "activity_lines": [ 112.624859, 117.127551, 118.893436, 119.508213 ] }, { "date": "2023-07-28", "close": 104.492142, "volume": 293066, "typical_volume": 402703.55, "trend": 118.991048, "fair_value": 109.4251, "relative_strength": -5.386937, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.403073, "energy": 77.062537, "activity_lines": [ 108.925139, 114.291401, 117.455449, 118.588927 ] }, { "date": "2023-08-04", "close": 102.492287, "volume": 320127, "typical_volume": 388052.3, "trend": 118.957717, "fair_value": 109.152685, "relative_strength": -5.98245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.053628, "energy": 80.643535, "activity_lines": [ 105.858702, 111.455251, 115.934135, 117.524491 ] }, { "date": "2023-08-11", "close": 102.992249, "volume": 200022, "typical_volume": 384856.4, "trend": 118.557747, "fair_value": 108.812967, "relative_strength": -5.531967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.850966, "energy": 78.838712, "activity_lines": [ 104.325484, 109.137243, 114.548524, 116.494461 ] }, { "date": "2023-08-18", "close": 102.492287, "volume": 79362, "typical_volume": 377162.2, "trend": 118.207773, "fair_value": 108.5726, "relative_strength": -3.177546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.395059, "energy": 79.111451, "activity_lines": [ 103.458881, 107.164664, 113.196245, 115.45798 ] }, { "date": "2023-08-25", "close": 102.992249, "volume": 145137, "typical_volume": 365765.2, "trend": 117.474495, "fair_value": 108.399536, "relative_strength": -4.164468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.03845, "energy": 70.807444, "activity_lines": [ 102.892257, 105.637506, 111.967766, 114.476333 ] }, { "date": "2023-09-01", "close": 102.992249, "volume": 402542, "typical_volume": 352316.95, "trend": 116.791213, "fair_value": 108.370692, "relative_strength": -6.166934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.958404, "energy": 51.140003, "activity_lines": [ 102.858926, 104.483047, 110.798806, 113.541995 ] }, { "date": "2023-09-08", "close": 102.492287, "volume": 309371, "typical_volume": 356466.2, "trend": 116.29125, "fair_value": 108.066228, "relative_strength": -7.171167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.524433, "energy": 47.797216, "activity_lines": [ 102.758933, 103.619475, 109.634608, 112.619483 ] }, { "date": "2023-09-15", "close": 101.492363, "volume": 364168, "typical_volume": 363066.55, "trend": 115.691295, "fair_value": 107.716895, "relative_strength": -11.132256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.519147, "energy": 46.292404, "activity_lines": [ 102.325633, 102.946799, 108.439459, 111.664716 ] }, { "date": "2023-09-22", "close": 100.992401, "volume": 415165, "typical_volume": 366498.85, "trend": 114.908021, "fair_value": 107.194498, "relative_strength": -11.544542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.716128, "energy": 44.572226, "activity_lines": [ 101.825671, 102.437746, 107.265738, 110.716401 ] }, { "date": "2023-09-29", "close": 100.492439, "volume": 14313083, "typical_volume": 1063531.6, "trend": 113.8581, "fair_value": 106.646463, "relative_strength": -11.178488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.525876, "energy": 39.117772, "activity_lines": [ 101.259047, 101.901423, 106.122967, 109.786363 ] }, { "date": "2023-10-13", "close": 113.991425, "volume": 1269308, "typical_volume": 1112746.2, "trend": 113.424799, "fair_value": 106.319564, "relative_strength": 0.720998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.838547, "energy": 17.880757, "activity_lines": [ 105.35874, 104.010356, 106.384852, 109.794965 ] }, { "date": "2023-10-20", "close": 119.491013, "volume": 419149, "typical_volume": 1122200.7, "trend": 113.374803, "fair_value": 105.963822, "relative_strength": 8.118061, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.123905, "energy": 13.585702, "activity_lines": [ 110.55835, 106.946499, 107.220504, 110.186333 ] }, { "date": "2023-10-27", "close": 122.490784, "volume": 2527968, "typical_volume": 1237095.5, "trend": 113.45813, "fair_value": 105.755504, "relative_strength": 12.207392, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.84576, "energy": 35.474535, "activity_lines": [ 115.624635, 110.118988, 108.372798, 110.774461 ] }, { "date": "2023-11-10", "close": 127.990372, "volume": 2590133, "typical_volume": 1359283.9, "trend": 113.774773, "fair_value": 105.524752, "relative_strength": 15.766944, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.584077, "energy": 61.498076, "activity_lines": [ 121.124222, 113.936883, 110.07029, 111.712025 ] }, { "date": "2023-11-17", "close": 122.990746, "volume": 1314379, "typical_volume": 1412308.15, "trend": 114.024754, "fair_value": 105.303615, "relative_strength": 8.768492, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.251606, "energy": 62.084027, "activity_lines": [ 123.157401, 116.382153, 111.263057, 112.306604 ] }, { "date": "2023-11-24", "close": 127.990372, "volume": 3697781, "typical_volume": 1582787.05, "trend": 114.491386, "fair_value": 105.095297, "relative_strength": 12.89557, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.465304, "energy": 66.188722, "activity_lines": [ 125.357236, 119.372838, 112.93436, 113.207612 ] }, { "date": "2023-12-01", "close": 125.990524, "volume": 763887, "typical_volume": 1603236.3, "trend": 114.824694, "fair_value": 104.88698, "relative_strength": 10.370957, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.722012, "energy": 61.311941, "activity_lines": [ 125.957192, 121.545402, 114.396155, 113.949491 ] }, { "date": "2023-12-08", "close": 123.490707, "volume": 1765590, "typical_volume": 1600768.6, "trend": 115.074675, "fair_value": 104.790833, "relative_strength": 7.69701, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.063312, "energy": 38.530136, "activity_lines": [ 125.290574, 122.836213, 115.605588, 114.508589 ] }, { "date": "2023-12-15", "close": 122.990746, "volume": 440196, "typical_volume": 1595707.5, "trend": 115.257995, "fair_value": 104.707506, "relative_strength": 6.832649, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.320861, "energy": 34.202169, "activity_lines": [ 124.390641, 123.636153, 116.729313, 115.019303 ] }, { "date": "2023-12-22", "close": 125.490562, "volume": 628725, "typical_volume": 1612957.95, "trend": 115.257995, "fair_value": 104.665843, "relative_strength": 7.142082, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.04591, "energy": 40.467247, "activity_lines": [ 124.657289, 124.490635, 118.003027, 115.679469 ] }, { "date": "2023-12-29", "close": 126.990448, "volume": 176483, "typical_volume": 1607128.8, "trend": 115.341322, "fair_value": 104.678662, "relative_strength": 7.725734, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.246664, "energy": 40.387101, "activity_lines": [ 125.257244, 125.163312, 119.350545, 116.436401 ] }, { "date": "2024-01-05", "close": 122.490784, "volume": 435004, "typical_volume": 1612872.65, "trend": 115.224664, "fair_value": 104.656228, "relative_strength": 4.057845, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.862241, "energy": 31.381308, "activity_lines": [ 124.423973, 124.781522, 120.162389, 116.897657 ] }, { "date": "2024-01-12", "close": 121.49086, "volume": 200820, "typical_volume": 1612912.55, "trend": 115.041345, "fair_value": 104.636999, "relative_strength": 3.704106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.427077, "energy": 31.526225, "activity_lines": [ 123.49071, 124.163387, 120.78377, 117.301928 ] }, { "date": "2024-01-19", "close": 119.990974, "volume": 542454, "typical_volume": 1636067.15, "trend": 114.974683, "fair_value": 104.60495, "relative_strength": 4.316608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.653144, "energy": 24.721815, "activity_lines": [ 122.190808, 123.290725, 121.174217, 117.621259 ] }, { "date": "2024-01-26", "close": 120.990898, "volume": 1533845, "typical_volume": 1705502.55, "trend": 114.891356, "fair_value": 104.636999, "relative_strength": 2.647787, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.897988, "energy": 23.041377, "activity_lines": [ 121.424199, 122.745312, 121.576568, 118.009401 ] }, { "date": "2024-02-02", "close": 121.49086, "volume": 420842, "typical_volume": 1706417.55, "trend": 114.808029, "fair_value": 104.803653, "relative_strength": 3.15576, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.622503, "energy": 20.778658, "activity_lines": [ 121.124221, 122.327161, 121.940827, 118.435176 ] }, { "date": "2024-02-09", "close": 117.491158, "volume": 305951, "typical_volume": 1706246.55, "trend": 114.624709, "fair_value": 104.675457, "relative_strength": 0.397365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.002215, "energy": 14.729396, "activity_lines": [ 119.857649, 121.299965, 121.836072, 118.608281 ] }, { "date": "2024-02-16", "close": 113.991425, "volume": 265150, "typical_volume": 1701295.65, "trend": 114.574713, "fair_value": 104.508803, "relative_strength": -4.249302, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.746927, "energy": 19.475332, "activity_lines": [ 117.757807, 119.790988, 121.326587, 118.567424 ] }, { "date": "2024-02-23", "close": 112.991501, "volume": 258293, "typical_volume": 1693452.05, "trend": 114.858025, "fair_value": 104.303691, "relative_strength": -4.993939, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -16.162384, "energy": 39.612995, "activity_lines": [ 115.82462, 118.27292, 120.662351, 118.465281 ] }, { "date": "2024-03-01", "close": 112.991501, "volume": 1103058, "typical_volume": 1032950.8, "trend": 114.924687, "fair_value": 104.156266, "relative_strength": -4.673423, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.071769, "energy": 51.18968, "activity_lines": [ 114.358064, 116.936658, 119.940977, 118.34486 ] }, { "date": "2024-03-08", "close": 116.991196, "volume": 851074, "typical_volume": 1012039.1, "trend": 115.341322, "fair_value": 104.04089, "relative_strength": -0.940134, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.320883, "energy": 43.141138, "activity_lines": [ 114.758033, 116.554868, 119.541007, 118.478183 ] }, { "date": "2024-03-15", "close": 117.991127, "volume": 354806, "typical_volume": 1008821.95, "trend": 115.85795, "fair_value": 103.931924, "relative_strength": -0.80303, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.390359, "energy": 22.092403, "activity_lines": [ 115.79129, 116.536688, 119.221984, 118.649139 ] }, { "date": "2024-03-22", "close": 118.491089, "volume": 520124, "typical_volume": 908429.75, "trend": 116.374578, "fair_value": 103.880646, "relative_strength": -2.762793, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 15.050063, "energy": 11.799879, "activity_lines": [ 116.95787, 116.691222, 118.957718, 118.819019 ] }, { "date": "2024-04-05", "close": 111.491615, "volume": 130689, "typical_volume": 785457.55, "trend": 116.674556, "fair_value": 103.806933, "relative_strength": -8.002448, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -37.7712, "energy": 20.588335, "activity_lines": [ 115.491314, 115.627666, 118.045882, 118.503989 ] }, { "date": "2024-04-12", "close": 110.991646, "volume": 297590, "typical_volume": 734618.1, "trend": 116.941202, "fair_value": 103.730016, "relative_strength": -9.116901, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -38.28251, "energy": 27.557419, "activity_lines": [ 113.958094, 114.627741, 117.164995, 118.137349 ] }, { "date": "2024-04-26", "close": 112.991501, "volume": 1309301, "typical_volume": 615194.1, "trend": 117.274511, "fair_value": 103.665918, "relative_strength": -8.929806, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.012299, "energy": 33.144131, "activity_lines": [ 113.224816, 114.17323, 116.53171, 117.88253 ] }, { "date": "2024-05-03", "close": 115.991272, "volume": 243824, "typical_volume": 589190.95, "trend": 117.724477, "fair_value": 103.74604, "relative_strength": -7.257721, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.088501, "energy": 35.309576, "activity_lines": [ 113.758108, 114.418665, 116.25554, 117.79974 ] }, { "date": "2024-05-10", "close": 120.990898, "volume": 555299, "typical_volume": 528676.4, "trend": 118.374428, "fair_value": 103.922309, "relative_strength": -5.771106, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -23.364459, "energy": 13.45005, "activity_lines": [ 116.091266, 115.600394, 116.50314, 118.010477 ] }, { "date": "2024-05-17", "close": 138.989532, "volume": 1899530, "typical_volume": 601643.1, "trend": 119.640999, "fair_value": 104.095373, "relative_strength": 8.167161, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 41.276779, "energy": 38.389039, "activity_lines": [ 124.257314, 119.927339, 118.4768, 119.340484 ] }, { "date": "2024-05-24", "close": 140.98938, "volume": 1771750, "typical_volume": 658794.35, "trend": 120.990897, "fair_value": 104.252412, "relative_strength": 10.769338, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.674048, "energy": 61.261391, "activity_lines": [ 131.256784, 124.145202, 120.564737, 120.717799 ] }, { "date": "2024-05-31", "close": 142.989243, "volume": 1197890, "typical_volume": 709864.7, "trend": 121.957491, "fair_value": 104.399837, "relative_strength": 12.605761, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.291997, "energy": 84.055155, "activity_lines": [ 136.923027, 128.217623, 122.769333, 122.137047 ] }, { "date": "2024-06-07", "close": 143.989166, "volume": 582610, "typical_volume": 717245.0, "trend": 122.774096, "fair_value": 104.59854, "relative_strength": 13.623474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.726388, "energy": 85.880046, "activity_lines": [ 140.922727, 131.999157, 124.992976, 123.558445 ] }, { "date": "2024-06-14", "close": 134.989838, "volume": 280335, "typical_volume": 721220.75, "trend": 123.190731, "fair_value": 104.768399, "relative_strength": 7.73975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.149243, "energy": 79.214643, "activity_lines": [ 140.056125, 133.671757, 126.257166, 124.346558 ] }, { "date": "2024-06-21", "close": 133.989914, "volume": 137463, "typical_volume": 700971.2, "trend": 123.390716, "fair_value": 104.979922, "relative_strength": 5.796398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.428723, "energy": 58.313118, "activity_lines": [ 137.922952, 134.862576, 127.361844, 125.043279 ] }, { "date": "2024-06-28", "close": 139.989456, "volume": 295594, "typical_volume": 639058.65, "trend": 123.95734, "fair_value": 105.249132, "relative_strength": 11.466754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.484414, "energy": 46.94181, "activity_lines": [ 138.122935, 136.735161, 128.971246, 126.114165 ] }, { "date": "2024-07-05", "close": 133.48996, "volume": 267806, "typical_volume": 631406.85, "trend": 124.140659, "fair_value": 105.45745, "relative_strength": 5.757314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.726136, "energy": 30.30238, "activity_lines": [ 136.223081, 136.898787, 129.871179, 126.729173 ] }, { "date": "2024-07-12", "close": 134.989838, "volume": 297603, "typical_volume": 630989.45, "trend": 124.440636, "fair_value": 105.617694, "relative_strength": 6.284231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.836045, "energy": 27.444972, "activity_lines": [ 135.456471, 136.962418, 130.856818, 127.42912 ] }, { "date": "2024-07-19", "close": 126.990448, "volume": 413880, "typical_volume": 638425.95, "trend": 124.557295, "fair_value": 105.729865, "relative_strength": 1.309939, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.013377, "energy": 18.507836, "activity_lines": [ 132.623353, 135.226186, 130.997284, 127.593624 ] }, { "date": "2024-07-26", "close": 130.490189, "volume": 255819, "typical_volume": 638302.25, "trend": 124.807276, "fair_value": 105.867675, "relative_strength": 2.543211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.122414, "energy": 18.696607, "activity_lines": [ 131.490108, 134.017189, 131.409159, 127.976392 ] }, { "date": "2024-08-02", "close": 127.240433, "volume": 217344, "typical_volume": 594016.55, "trend": 124.865605, "fair_value": 105.987859, "relative_strength": 1.391534, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.948734, "energy": 16.892716, "activity_lines": [ 129.506927, 132.371859, 131.428206, 128.133369 ] }, { "date": "2024-08-09", "close": 131.990067, "volume": 1178931, "typical_volume": 610409.4, "trend": 125.032259, "fair_value": 106.144898, "relative_strength": 4.984513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.407292, "energy": 16.627705, "activity_lines": [ 129.956891, 131.840081, 131.831747, 128.593012 ] }, { "date": "2024-08-16", "close": 127.49041, "volume": 134272, "typical_volume": 599382.7, "trend": 125.198913, "fair_value": 106.22502, "relative_strength": -0.449399, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.523621, "energy": 10.404982, "activity_lines": [ 129.006963, 130.690168, 131.735326, 128.751603 ] }, { "date": "2024-08-23", "close": 131.490112, "volume": 140736, "typical_volume": 580413.3, "trend": 125.532222, "fair_value": 106.38206, "relative_strength": 2.189856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.311077, "energy": 10.229955, "activity_lines": [ 129.89023, 130.567451, 131.974594, 129.157486 ] }, { "date": "2024-08-30", "close": 132.98999, "volume": 109681, "typical_volume": 579362.9, "trend": 125.965522, "fair_value": 106.612812, "relative_strength": 2.456641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.61457, "energy": 14.886202, "activity_lines": [ 130.97348, 130.781071, 132.294808, 129.638633 ] }, { "date": "2024-09-06", "close": 131.240128, "volume": 112359, "typical_volume": 570101.35, "trend": 126.307163, "fair_value": 106.822732, "relative_strength": 3.218202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.538651, "energy": 13.842194, "activity_lines": [ 131.306788, 130.694714, 132.345995, 129.97893 ] }, { "date": "2024-09-13", "close": 136.989685, "volume": 204354, "typical_volume": 514854.0, "trend": 126.823791, "fair_value": 107.117581, "relative_strength": 6.225756, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.950131, "energy": 26.555897, "activity_lines": [ 133.289969, 131.81281, 132.848337, 130.668125 ] }, { "date": "2024-09-20", "close": 134.739868, "volume": 187292, "typical_volume": 512027.4, "trend": 127.398748, "fair_value": 107.394804, "relative_strength": 4.726337, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.924582, "energy": 27.010003, "activity_lines": [ 134.189904, 132.458217, 133.022134, 131.178839 ] }, { "date": "2024-09-27", "close": 134.989838, "volume": 1863593, "typical_volume": 577442.1, "trend": 128.098695, "fair_value": 107.673629, "relative_strength": 3.466966, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.613727, "energy": 32.551694, "activity_lines": [ 134.689864, 133.153618, 133.130459, 131.668587 ] }, { "date": "2024-10-04", "close": 137.989609, "volume": 489350, "typical_volume": 506933.1, "trend": 128.931965, "fair_value": 108.000528, "relative_strength": 5.89542, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.713774, "energy": 45.253043, "activity_lines": [ 135.956433, 134.248988, 133.457815, 132.306711 ] }, { "date": "2024-10-11", "close": 146.988937, "volume": 758285, "typical_volume": 456259.85, "trend": 130.065213, "fair_value": 108.404343, "relative_strength": 12.530162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.024774, "energy": 64.599254, "activity_lines": [ 139.88947, 136.844247, 134.647011, 133.471677 ] }, { "date": "2024-10-18", "close": 167.98735, "volume": 3790204, "typical_volume": 585875.55, "trend": 131.765085, "fair_value": 108.923535, "relative_strength": 25.932179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.043841, "energy": 85.166947, "activity_lines": [ 149.772058, 142.898335, 137.807486, 135.918266 ] }, { "date": "2024-10-25", "close": 175.486801, "volume": 1539075, "typical_volume": 633698.8, "trend": 133.681607, "fair_value": 109.471571, "relative_strength": 32.017451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.807447, "energy": 94.721258, "activity_lines": [ 160.087951, 149.661464, 141.563157, 138.739022 ] }, { "date": "2024-11-01", "close": 177.986603, "volume": 3677339, "typical_volume": 803549.0, "trend": 135.664791, "fair_value": 110.009992, "relative_strength": 33.988492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.239058, "energy": 94.169522, "activity_lines": [ 168.52065, 156.00644, 145.406915, 141.597409 ] }, { "date": "2024-11-08", "close": 163.487701, "volume": 1241338, "typical_volume": 858742.75, "trend": 137.397994, "fair_value": 110.397783, "relative_strength": 24.067893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.484911, "energy": 85.602462, "activity_lines": [ 169.25393, 158.869862, 147.665079, 143.392435 ] }, { "date": "2024-11-15", "close": 171.987061, "volume": 904164, "typical_volume": 889171.25, "trend": 139.431174, "fair_value": 110.808009, "relative_strength": 29.966864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.49991, "energy": 80.194091, "activity_lines": [ 171.120458, 162.724118, 150.59224, 145.623988 ] }, { "date": "2024-11-22", "close": 167.98735, "volume": 1256544, "typical_volume": 938608.15, "trend": 141.264369, "fair_value": 111.1958, "relative_strength": 23.468586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.349306, "energy": 55.38283, "activity_lines": [ 169.987207, 165.110301, 152.986106, 147.466322 ] }, { "date": "2024-11-29", "close": 158.492737, "volume": 11004921, "typical_volume": 1473974.05, "trend": 142.681085, "fair_value": 111.522728, "relative_strength": 15.766137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.761962, "energy": 40.466571, "activity_lines": [ 165.689085, 165.206596, 154.31145, 148.57783 ] }, { "date": "2024-12-06", "close": 158.992706, "volume": 1284644, "typical_volume": 1517512.25, "trend": 143.947812, "fair_value": 111.843247, "relative_strength": 15.558702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.088075, "energy": 30.359368, "activity_lines": [ 162.690557, 164.961925, 155.572492, 149.630192 ] }, { "date": "2024-12-13", "close": 158.992706, "volume": 953892, "typical_volume": 1552415.9, "trend": 144.614584, "fair_value": 112.221454, "relative_strength": 15.34982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.774345, "energy": 22.177976, "activity_lines": [ 160.958288, 164.280838, 156.681143, 150.600831 ] }, { "date": "2024-12-20", "close": 153.492966, "volume": 9245677, "typical_volume": 2003832.55, "trend": 145.03137, "fair_value": 112.554791, "relative_strength": 13.982481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.764866, "energy": 20.914203, "activity_lines": [ 157.69244, 162.217923, 157.130282, 151.173629 ] }, { "date": "2024-12-27", "close": 153.492966, "volume": 242859, "typical_volume": 1957028.95, "trend": 145.381494, "fair_value": 112.852874, "relative_strength": 12.732134, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.595521, "energy": 18.750219, "activity_lines": [ 155.659531, 160.036754, 157.454409, 151.719539 ] }, { "date": "2025-01-03", "close": 148.993164, "volume": 505152, "typical_volume": 1975572.95, "trend": 145.548294, "fair_value": 113.166981, "relative_strength": 8.214012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.059748, "energy": 15.603979, "activity_lines": [ 153.09298, 157.300973, 157.247589, 151.95255 ] }, { "date": "2025-01-10", "close": 147.49324, "volume": 1160255, "typical_volume": 2026548.9, "trend": 145.965074, "fair_value": 113.420195, "relative_strength": 6.627637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.780665, "energy": 13.221371, "activity_lines": [ 150.659759, 154.774181, 156.795524, 152.07803 ] }, { "date": "2025-01-17", "close": 144.993347, "volume": 1516851, "typical_volume": 2096907.4, "trend": 146.331856, "fair_value": 113.654179, "relative_strength": 1.526553, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.827275, "energy": 15.185543, "activity_lines": [ 148.159872, 152.347288, 156.02917, 152.015338 ] }, { "date": "2025-01-24", "close": 143.993393, "volume": 2482779, "typical_volume": 2215428.4, "trend": 146.46532, "fair_value": 113.939441, "relative_strength": 0.74394, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.223748, "energy": 29.829364, "activity_lines": [ 146.259958, 150.074846, 155.110423, 151.864469 ] }, { "date": "2025-01-31", "close": 142.993439, "volume": 651005, "typical_volume": 2237760.95, "trend": 146.782103, "fair_value": 114.266366, "relative_strength": -1.980261, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.225766, "energy": 42.467781, "activity_lines": [ 144.66003, 148.12957, 154.035712, 151.640477 ] }, { "date": "2025-02-07", "close": 141.993484, "volume": 607565, "typical_volume": 2258774.6, "trend": 147.015558, "fair_value": 114.618931, "relative_strength": -3.014683, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.761646, "energy": 44.882895, "activity_lines": [ 143.426753, 146.456918, 152.837178, 151.331534 ] }, { "date": "2025-02-14", "close": 140.99353, "volume": 1425991, "typical_volume": 2236894.5, "trend": 147.482327, "fair_value": 114.942651, "relative_strength": -4.071705, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.142606, "energy": 40.996582, "activity_lines": [ 142.326802, 144.902444, 151.50887, 150.943016 ] }, { "date": "2025-02-21", "close": 142.993439, "volume": 591467, "typical_volume": 2242000.35, "trend": 147.899102, "fair_value": 115.292011, "relative_strength": -2.001462, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.86579, "energy": 39.36937, "activity_lines": [ 142.326803, 144.038846, 150.34244, 150.65341 ] }, { "date": "2025-02-28", "close": 151.993027, "volume": 3480892, "typical_volume": 2378130.7, "trend": 148.724188, "fair_value": 115.69906, "relative_strength": 2.10116, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.676787, "energy": 15.808831, "activity_lines": [ 145.459993, 145.102434, 150.009285, 150.917535 ] }, { "date": "2025-03-07", "close": 150.993073, "volume": 2060130, "typical_volume": 2291627.0, "trend": 149.357622, "fair_value": 116.070855, "relative_strength": 2.626965, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.053513, "energy": 8.476328, "activity_lines": [ 147.726556, 146.011483, 149.557068, 151.063914 ] }, { "date": "2025-03-14", "close": 148.493195, "volume": 437961, "typical_volume": 2236571.3, "trend": 150.057715, "fair_value": 116.433035, "relative_strength": 1.198001, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.910814, "energy": 10.604181, "activity_lines": [ 148.626517, 146.511461, 148.947693, 151.008145 ] }, { "date": "2025-03-21", "close": 148.493195, "volume": 736193, "typical_volume": 2089514.0, "trend": 150.624484, "fair_value": 116.82406, "relative_strength": 0.811649, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.021607, "energy": 11.382368, "activity_lines": [ 149.093164, 147.02053, 148.466859, 150.907208 ] }, { "date": "2025-03-28", "close": 146.493286, "volume": 204511, "typical_volume": 2037672.65, "trend": 151.074594, "fair_value": 117.16701, "relative_strength": -0.86961, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.025095, "energy": 16.982492, "activity_lines": [ 148.393198, 147.147798, 147.936002, 150.640679 ] }, { "date": "2025-04-04", "close": 131.993942, "volume": 837595, "typical_volume": 2034344.2, "trend": 151.099721, "fair_value": 117.372148, "relative_strength": -4.140939, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.573083, "energy": 48.541352, "activity_lines": [ 142.626793, 144.61155, 146.10518, 149.409669 ] }, { "date": "2025-04-11", "close": 139.993576, "volume": 749287, "typical_volume": 2008981.35, "trend": 151.199851, "fair_value": 117.61895, "relative_strength": 2.426265, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.968299, "energy": 50.854855, "activity_lines": [ 140.860206, 143.747953, 145.226672, 148.693144 ] }, { "date": "2025-04-18", "close": 143.493423, "volume": 226348, "typical_volume": 1470052.7, "trend": 151.491636, "fair_value": 117.931774, "relative_strength": 0.645242, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.006788, "energy": 51.511452, "activity_lines": [ 140.993534, 143.575234, 144.814787, 148.195955 ] }, { "date": "2025-04-25", "close": 147.49324, "volume": 533306, "typical_volume": 1432485.8, "trend": 151.908416, "fair_value": 118.364462, "relative_strength": 1.32226, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.172464, "energy": 41.063714, "activity_lines": [ 142.793453, 144.102483, 144.855262, 147.937994 ] }, { "date": "2025-05-02", "close": 146.993256, "volume": 617575, "typical_volume": 1415669.95, "trend": 152.208538, "fair_value": 118.781125, "relative_strength": -1.474655, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.148328, "energy": 16.614816, "activity_lines": [ 144.493374, 144.42065, 144.902878, 147.620887 ] }, { "date": "2025-05-09", "close": 148.993164, "volume": 246892, "typical_volume": 965730.7, "trend": 152.275345, "fair_value": 119.197788, "relative_strength": 0.011203, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.422086, "energy": 15.210094, "activity_lines": [ 146.826599, 145.029712, 145.198103, 147.413443 ] }, { "date": "2025-05-16", "close": 149.993118, "volume": 500131, "typical_volume": 978594.3, "trend": 151.675538, "fair_value": 119.611247, "relative_strength": -0.906056, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.854373, "energy": 13.240296, "activity_lines": [ 148.359861, 145.875128, 145.609988, 147.266203 ] }, { "date": "2025-05-23", "close": 148.993164, "volume": 436864, "typical_volume": 975179.9, "trend": 150.792416, "fair_value": 120.050345, "relative_strength": -1.958898, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.569392, "energy": 13.234786, "activity_lines": [ 148.893169, 146.556914, 145.943306, 147.093146 ] }, { "date": "2025-05-30", "close": 146.993256, "volume": 421197, "typical_volume": 938227.0, "trend": 149.759305, "fair_value": 120.479827, "relative_strength": -3.819267, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.100627, "energy": 12.102461, "activity_lines": [ 148.393192, 146.86599, 146.086156, 146.848039 ] }, { "date": "2025-06-06", "close": 144.993347, "volume": 825854, "typical_volume": 903677.15, "trend": 149.142826, "fair_value": 120.902899, "relative_strength": -5.720959, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.834279, "energy": 9.350744, "activity_lines": [ 147.25991, 146.838718, 146.04092, 146.540558 ] }, { "date": "2025-06-13", "close": 159.992661, "volume": 3135123, "typical_volume": 936294.35, "trend": 148.743013, "fair_value": 121.422121, "relative_strength": 3.70999, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.414931, "energy": 35.304039, "activity_lines": [ 151.259727, 149.565866, 147.42419, 147.240547 ] }, { "date": "2025-06-20", "close": 155.992844, "volume": 1622348, "typical_volume": 984861.5, "trend": 148.343196, "fair_value": 121.912498, "relative_strength": 1.822014, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.34233, "energy": 40.939082, "activity_lines": [ 153.192972, 151.056707, 148.350338, 147.708279 ] }, { "date": "2025-06-27", "close": 154.992889, "volume": 915052, "typical_volume": 1000235.85, "trend": 148.226535, "fair_value": 122.415695, "relative_strength": 0.839066, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.826927, "energy": 45.605303, "activity_lines": [ 154.392917, 152.074841, 149.11935, 148.137291 ] }, { "date": "2025-07-04", "close": 156.992798, "volume": 1088086, "typical_volume": 983340.6, "trend": 148.159871, "fair_value": 122.986194, "relative_strength": 1.691956, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.034816, "energy": 66.265717, "activity_lines": [ 155.859516, 153.247515, 150.016928, 148.702856 ] }, { "date": "2025-07-11", "close": 162.492554, "volume": 1370584, "typical_volume": 1022296.45, "trend": 148.276533, "fair_value": 123.617588, "relative_strength": 3.655981, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.359634, "energy": 73.240444, "activity_lines": [ 158.492732, 155.247425, 151.362105, 149.627546 ] }, { "date": "2025-07-18", "close": 161.492599, "volume": 510971, "typical_volume": 873800.4, "trend": 148.543187, "fair_value": 124.182319, "relative_strength": 2.166143, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.680786, "energy": 68.848439, "activity_lines": [ 159.626015, 156.783719, 152.519195, 150.480195 ] }, { "date": "2025-07-25", "close": 161.492599, "volume": 426249, "typical_volume": 792106.35, "trend": 148.809841, "fair_value": 124.679107, "relative_strength": 0.514721, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.362536, "energy": 69.965259, "activity_lines": [ 160.659303, 158.092751, 153.63105, 151.315641 ] }, { "date": "2025-08-01", "close": 157.992752, "volume": 381852, "typical_volume": 789300.9, "trend": 149.109828, "fair_value": 125.185509, "relative_strength": -1.303061, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.690129, "energy": 56.6213, "activity_lines": [ 160.159324, 158.556366, 154.359587, 151.908087 ] }, { "date": "2025-08-08", "close": 158.992706, "volume": 121137, "typical_volume": 758548.1, "trend": 149.493143, "fair_value": 125.704731, "relative_strength": -1.116609, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.040434, "energy": 41.620162, "activity_lines": [ 159.792672, 159.038162, 155.138123, 152.545692 ] }, { "date": "2025-08-15", "close": 158.492737, "volume": 253619, "typical_volume": 761003.5, "trend": 149.943123, "fair_value": 126.246387, "relative_strength": -2.106872, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.986166, "energy": 32.000426, "activity_lines": [ 159.126037, 159.210882, 155.819045, 153.126311 ] }, { "date": "2025-08-22", "close": 158.492737, "volume": 250435, "typical_volume": 731645.5, "trend": 150.426434, "fair_value": 126.800862, "relative_strength": -4.149775, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.73036, "energy": 26.08477, "activity_lines": [ 158.726057, 159.138159, 156.442826, 153.677899 ] }, { "date": "2025-08-29", "close": 158.492737, "volume": 356727, "typical_volume": 712017.5, "trend": 150.943078, "fair_value": 127.332903, "relative_strength": -2.895452, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.858974, "energy": 23.565043, "activity_lines": [ 158.526067, 159.092707, 156.940423, 154.198305 ] }, { "date": "2025-09-05", "close": 159.492691, "volume": 773456, "typical_volume": 739372.9, "trend": 151.526385, "fair_value": 127.906608, "relative_strength": -2.639461, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.217508, "energy": 22.948261, "activity_lines": [ 158.859386, 159.183613, 157.445162, 154.749893 ] }, { "date": "2025-09-12", "close": 161.492599, "volume": 1564606, "typical_volume": 790937.9, "trend": 152.209687, "fair_value": 128.483518, "relative_strength": -2.304592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.972856, "energy": 31.099316, "activity_lines": [ 159.759345, 159.556323, 158.064182, 155.392875 ] }, { "date": "2025-09-19", "close": 162.992523, "volume": 232282, "typical_volume": 771673.25, "trend": 152.876323, "fair_value": 129.02838, "relative_strength": -0.825307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.015744, "energy": 35.930504, "activity_lines": [ 160.99262, 160.119933, 158.759388, 156.088542 ] }, { "date": "2025-09-26", "close": 162.492554, "volume": 492820, "typical_volume": 783969.65, "trend": 153.226307, "fair_value": 129.557217, "relative_strength": -1.989744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.398685, "energy": 38.309779, "activity_lines": [ 161.759252, 160.583548, 159.330791, 156.708944 ] }, { "date": "2025-10-03", "close": 163.492508, "volume": 1376162, "typical_volume": 827771.2, "trend": 153.642955, "fair_value": 130.092464, "relative_strength": -3.590394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.482988, "energy": 42.533687, "activity_lines": [ 162.592548, 161.210793, 159.933145, 157.371279 ] }, { "date": "2025-10-10", "close": 160.992615, "volume": 780793, "typical_volume": 844967.65, "trend": 154.059602, "fair_value": 130.6213, "relative_strength": -4.346728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.622856, "energy": 33.459877, "activity_lines": [ 162.259228, 161.347149, 160.23313, 157.845451 ] }, { "date": "2025-10-17", "close": 159.5, "volume": 1946223, "typical_volume": 921218.95, "trend": 154.426496, "fair_value": 131.143774, "relative_strength": -4.180465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.979712, "energy": 26.686519, "activity_lines": [ 161.328374, 161.157578, 160.333822, 158.196444 ] }, { "date": "2025-10-24", "close": 153.5, "volume": 2666202, "typical_volume": 1013236.35, "trend": 154.660053, "fair_value": 131.544459, "relative_strength": -10.045917, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.994917, "energy": 9.47166, "activity_lines": [ 158.530361, 159.867874, 159.80353, 158.13667 ] }, { "date": "2025-10-31", "close": 148.0, "volume": 1603157, "typical_volume": 936638.05, "trend": 155.193588, "fair_value": 131.868224, "relative_strength": -13.292982, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -28.991492, "energy": 26.915536, "activity_lines": [ 154.531849, 157.668948, 158.70892, 157.70699 ] }, { "date": "2025-11-07", "close": 146.0, "volume": 4637163, "typical_volume": 1087378.8, "trend": 155.393802, "fair_value": 132.179168, "relative_strength": -13.669132, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -32.309722, "energy": 43.002012, "activity_lines": [ 150.832841, 155.297162, 157.480941, 157.113855 ] }, { "date": "2025-11-14", "close": 141.0, "volume": 681211, "typical_volume": 1075686.75, "trend": 155.310688, "fair_value": 132.426012, "relative_strength": -16.13449, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.208587, "energy": 66.430483, "activity_lines": [ 146.633333, 152.243426, 155.824358, 156.185222 ] }, { "date": "2025-11-21", "close": 139.0, "volume": 420089, "typical_volume": 1042286.9, "trend": 155.02758, "fair_value": 132.663241, "relative_strength": -15.408024, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.322634, "energy": 71.074296, "activity_lines": [ 143.1, 149.162284, 154.04393, 155.13292 ] }, { "date": "2025-11-28", "close": 144.0, "volume": 415174, "typical_volume": 994516.4, "trend": 154.927805, "fair_value": 132.95816, "relative_strength": -13.579218, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.502277, "energy": 74.042605, "activity_lines": [ 142.6, 147.399189, 152.825374, 154.421463 ] }, { "date": "2025-12-05", "close": 139.5, "volume": 649998, "typical_volume": 1001467.75, "trend": 154.611366, "fair_value": 133.224233, "relative_strength": -15.369789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.231528, "energy": 73.47485, "activity_lines": [ 141.233333, 145.163232, 151.266305, 153.426121 ] }, { "date": "2025-12-12", "close": 139.0, "volume": 646050, "typical_volume": 1012457.8, "trend": 154.244929, "fair_value": 133.381339, "relative_strength": -15.060837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.880826, "energy": 67.277795, "activity_lines": [ 140.266667, 143.254411, 149.764345, 152.418936 ] }, { "date": "2025-12-19", "close": 139.0, "volume": 459081, "typical_volume": 1016319.25, "trend": 153.911824, "fair_value": 133.541651, "relative_strength": -16.725982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.152304, "energy": 51.416911, "activity_lines": [ 139.766667, 141.790909, 148.369491, 151.435392 ] }, { "date": "2025-12-26", "close": 138.5, "volume": 136353, "typical_volume": 1017080.05, "trend": 153.628715, "fair_value": 133.692347, "relative_strength": -16.342957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.107499, "energy": 52.026254, "activity_lines": [ 139.233333, 140.636364, 147.017461, 150.441081 ] }, { "date": "2026-01-02", "close": 139.5, "volume": 373586, "typical_volume": 1023078.4, "trend": 153.445603, "fair_value": 133.849454, "relative_strength": -16.025122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.861906, "energy": 48.482782, "activity_lines": [ 139.066667, 140.045455, 145.858253, 149.529551 ] }, { "date": "2026-01-09", "close": 141.0, "volume": 1615115, "typical_volume": 1091312.4, "trend": 152.812515, "fair_value": 134.035406, "relative_strength": -16.194877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.001266, "energy": 43.731972, "activity_lines": [ 139.7, 139.981818, 144.932343, 148.726609 ] }, { "date": "2026-01-16", "close": 141.5, "volume": 845769, "typical_volume": 1115764.5, "trend": 152.32942, "fair_value": 134.339938, "relative_strength": -16.495862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.334878, "energy": 35.03333, "activity_lines": [ 140.4, 140.136364, 144.137352, 147.996769 ] }, { "date": "2026-01-23", "close": 145.0, "volume": 1431147, "typical_volume": 1148649.05, "trend": 151.996324, "fair_value": 134.647677, "relative_strength": -13.389468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.477313, "energy": 26.071984, "activity_lines": [ 142.1, 141.009091, 143.756611, 147.523903 ] }, { "date": "2026-01-30", "close": 141.5, "volume": 905259, "typical_volume": 1115681.7, "trend": 151.479897, "fair_value": 134.891317, "relative_strength": -15.88307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.148211, "energy": 22.23596, "activity_lines": [ 142.233333, 141.172727, 143.111551, 146.846721 ] }, { "date": "2026-02-06", "close": 145.5, "volume": 809507, "typical_volume": 1144542.95, "trend": 150.913479, "fair_value": 135.086885, "relative_strength": -14.49675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.633103, "energy": 19.694486, "activity_lines": [ 143.5, 142.018182, 142.942645, 146.460921 ] }, { "date": "2026-02-13", "close": 140.0, "volume": 516680, "typical_volume": 1145735.95, "trend": 150.197059, "fair_value": 135.260017, "relative_strength": -18.068631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.952693, "energy": 20.304118, "activity_lines": [ 142.533333, 141.836364, 142.333227, 145.756826 ] }, { "date": "2026-02-20", "close": 140.0, "volume": 686332, "typical_volume": 1111244.45, "trend": 149.480639, "fair_value": 135.356231, "relative_strength": -19.589784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.110759, "energy": 29.042842, "activity_lines": [ 141.633333, 141.645455, 141.830917, 145.098951 ] }, { "date": "2026-02-27", "close": 144.0, "volume": 1713040, "typical_volume": 1157856.8, "trend": 149.014214, "fair_value": 135.4877, "relative_strength": -18.598491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.507977, "energy": 16.392453, "activity_lines": [ 142.166667, 142.163636, 141.821429, 144.745362 ] }, { "date": "2026-03-06", "close": 139.0, "volume": 2947378, "typical_volume": 1207914.55, "trend": 148.34779, "fair_value": 135.625578, "relative_strength": -16.258429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.91291, "energy": 28.709212, "activity_lines": [ 141.1, 141.681818, 141.416667, 144.099283 ] }, { "date": "2026-03-13", "close": 133.0, "volume": 863099, "typical_volume": 1117759.4, "trend": 147.498032, "fair_value": 135.712174, "relative_strength": -19.281021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.492603, "energy": 49.244364, "activity_lines": [ 138.2, 140.1, 140.538095, 143.109103 ] }, { "date": "2026-03-20", "close": 130.0, "volume": 1226328, "typical_volume": 1098917.95, "trend": 146.548274, "fair_value": 135.74749, "relative_strength": -17.974605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.588458, "energy": 67.080388, "activity_lines": [ 135.133333, 138.090909, 139.471429, 141.980198 ] }, { "date": "2026-03-27", "close": 123.5, "volume": 825968, "typical_volume": 908358.2, "trend": 145.38185, "fair_value": 135.693067, "relative_strength": -22.034894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.173145, "energy": 83.163122, "activity_lines": [ 130.566667, 135.1, 137.871429, 140.493213 ] }, { "date": "2026-04-03", "close": 126.75, "volume": 217364, "typical_volume": 885165.85, "trend": 144.290427, "fair_value": 135.691525, "relative_strength": -23.184051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.714167, "energy": 80.901891, "activity_lines": [ 128.183333, 133.027273, 136.688095, 139.291158 ] }, { "date": "2026-04-10", "close": 135.0, "volume": 574642, "typical_volume": 892893.5, "trend": 143.40734, "fair_value": 135.781327, "relative_strength": -18.974258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.002489, "energy": 66.46225, "activity_lines": [ 129.7, 132.786364, 136.358333, 138.691776 ] }, { "date": "2026-04-17", "close": 135.0, "volume": 852593, "typical_volume": 914764.45, "trend": 142.474256, "fair_value": 135.877539, "relative_strength": -19.019818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.842499, "energy": 42.173395, "activity_lines": [ 131.483333, 132.663636, 136.047619, 138.149366 ] }, { "date": "2026-04-24", "close": 135.5, "volume": 650466, "typical_volume": 914787.85, "trend": 141.574504, "fair_value": 135.98657, "relative_strength": -15.998367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.866999, "energy": 24.260447, "activity_lines": [ 133.3, 132.822727, 135.827381, 137.699414 ] }, { "date": "2026-05-01", "close": 138.5, "volume": 881909, "typical_volume": 926580.8, "trend": 140.741421, "fair_value": 136.134062, "relative_strength": -13.613309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.225206, "energy": 19.169537, "activity_lines": [ 135.75, 133.609091, 135.911905, 137.501059 ] }, { "date": "2026-05-08", "close": 135.0, "volume": 2433951, "typical_volume": 1025324.3, "trend": 139.875, "fair_value": 136.268732, "relative_strength": -14.269915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.03863, "energy": 18.385922, "activity_lines": [ 136.033333, 133.786364, 135.665476, 137.130645 ] }, { "date": "2026-05-15", "close": 135.0, "volume": 99936, "typical_volume": 1023503.45, "trend": 139.058333, "fair_value": 136.390583, "relative_strength": -13.517375, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.614908, "energy": 16.056875, "activity_lines": [ 135.766667, 134.127273, 135.438095, 136.816129 ] }, { "date": "2026-05-22", "close": 136.75, "volume": 670559, "typical_volume": 1038352.1, "trend": 138.5, "fair_value": 136.523652, "relative_strength": -14.230194, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.824927, "energy": 13.525121, "activity_lines": [ 136.083333, 134.859091, 135.394048, 136.667204 ] }, { "date": "2026-05-29", "close": 136.5, "volume": 139965, "typical_volume": 964594.6, "trend": 138.116667, "fair_value": 136.645504, "relative_strength": -13.520469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.200483, "energy": 7.440457, "activity_lines": [ 136.2, 135.477273, 135.339286, 136.538172 ] }, { "date": "2026-06-05", "close": 133.5, "volume": 155922, "typical_volume": 930102.25, "trend": 137.7, "fair_value": 136.696846, "relative_strength": -14.70318, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.60461, "energy": 13.191518, "activity_lines": [ 135.25, 135.431818, 135.020238, 136.240323 ] }, { "date": "2026-06-12", "close": 134.0, "volume": 47756, "typical_volume": 860932.7, "trend": 137.466667, "fair_value": 136.757804, "relative_strength": -14.656629, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.627548, "energy": 14.333584, "activity_lines": [ 134.8, 135.295455, 134.786905, 136.001613 ] }, { "date": "2026-06-19", "close": 135.5, "volume": 29623, "typical_volume": 817150.9, "trend": 137.35, "fair_value": 136.818762, "relative_strength": -12.269472, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.082181, "energy": 14.514909, "activity_lines": [ 134.916667, 135.3, 134.74881, 135.874731 ] }, { "date": "2026-06-26", "close": 136.5, "volume": 45324, "typical_volume": 778941.75, "trend": 137.1, "fair_value": 136.87972, "relative_strength": -12.315743, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.319613, "energy": 13.155823, "activity_lines": [ 135.333333, 135.477273, 134.834524, 135.819892 ] }, { "date": "2026-07-03", "close": 137.0, "volume": 41185, "typical_volume": 755167.0, "trend": 137.016667, "fair_value": 136.975933, "relative_strength": -12.842042, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.199971, "energy": 6.281829, "activity_lines": [ 135.933333, 135.718182, 135.010714, 135.813441 ] }, { "date": "2026-07-10", "close": 137.0, "volume": 1820908, "typical_volume": 811895.8, "trend": 136.95, "fair_value": 137.062531, "relative_strength": -10.735973, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.507793, "energy": 11.811692, "activity_lines": [ 136.5, 135.931818, 135.20119, 135.812366 ] }, { "date": "2026-07-17", "close": 135.0, "volume": 552905, "typical_volume": 753889.05, "trend": 136.816667, "fair_value": 137.133104, "relative_strength": -12.291952, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.460482, "energy": 9.782168, "activity_lines": [ 136.166667, 135.809091, 135.215476, 135.686559 ] }, { "date": "2026-07-24", "close": 138.5, "volume": 483768, "typical_volume": 630708.55, "trend": 136.816667, "fair_value": 137.232522, "relative_strength": -10.586996, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.842036, "energy": 15.398652, "activity_lines": [ 136.933333, 136.322727, 135.605952, 135.795161 ] }, { "date": "2026-07-31", "close": 139.5, "volume": 267889, "typical_volume": 600948.05, "trend": 136.816667, "fair_value": 137.386424, "relative_strength": -10.48721, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.242148, "energy": 27.586908, "activity_lines": [ 137.833333, 136.954545, 136.094048, 135.96828 ] }, { "date": "2026-08-07", "close": 140.0, "volume": 352885, "typical_volume": 557275.9, "trend": 136.783333, "fair_value": 137.614038, "relative_strength": -9.877851, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.944772, "energy": 32.593705, "activity_lines": [ 138.7, 137.627273, 136.59881, 136.173656 ] } ], "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." } } }