{ "ticker": { "uuid": "86c5b9aa-72f2-410f-8b3c-3d8fd14bb383", "symbol": "CATE", "name": "Catena AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -61.844, "architecture_energy": 67.694, "architecture_maturity": 30.138, "architecture_confidence": 91.697, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 9.61, "rotation_up": 13.99, "upward_expansion": 15.15, "deceleration": 38.36, "rotation_down": 66.02, "downward_expansion": 88.49 }, "activity_lines": [ 396.986662, 403.06909, 413.835623, 423.402223 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 403.399994, "trend_reference": 436.922754, "distance_from_trend": -0.076725, "trend_direction": "Weakening", "fair_value": 447.73948, "distance_from_fair_value": -0.09903, "fair_value_direction": "Weakening", "relative_strength": -18.030647, "relative_strength_direction": "Weakening", "price_momentum": -0.135431, "excess_performance": -0.196925, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.076725, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.024559, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.09903, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.07533, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.180306, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.056647, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.135431, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.813333, "read": "Supply-led" } ], "volume": { "latest": 222400, "relative_activity": 0.850975, "balance": 0.813333, "dry_up": 0.932764, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.049846, "annualized_volatility": 0.257907, "from_high_reference": -0.189402, "from_low_reference": 0.051616 }, "levels": { "trend_reference": 436.922754, "fair_value_reference": 447.73948, "structural_low": 383.600006, "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": 18, "median_return": 0.022671, "positive_rate": 0.611111, "directional_follow_through": 0.388889, "median_excess_return": 0.03916, "regime_survival": 0.666667, "best_return": 0.211394, "worst_return": -0.118059, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.035971, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.069428, "regime_survival": 0.285714, "best_return": 0.271307, "worst_return": -0.132995, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.01619, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.033076, "regime_survival": 0.0, "best_return": 0.172616, "worst_return": -0.091536, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.099825, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.181052, "regime_survival": 0.0, "best_return": 0.441853, "worst_return": -0.137017, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-30", "tenure": "New", "return": 0.031948, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-06-13", "tenure": "New", "return": -0.031808, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-06-27", "tenure": "New", "return": 0.043029, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": -0.038635, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.040622, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": -0.07049, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": 0.085366, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": -0.022979, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.03681, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-23", "tenure": "Developing", "return": 0.04605, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-27", "tenure": "Developing", "return": -0.076557, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": -0.008123, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": -0.021149, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": -0.067499, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 354.009705, "volume": 151607, "typical_volume": 256986.2, "trend": 372.053611, "fair_value": 399.819391, "relative_strength": -4.124897, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.763113, "energy": 13.200551, "activity_lines": [ 368.46167, 370.481528, 369.506293, 368.407001 ] }, { "date": "2023-08-25", "close": 353.632751, "volume": 144705, "typical_volume": 254364.5, "trend": 369.68018, "fair_value": 400.091412, "relative_strength": -3.916846, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.110561, "energy": 23.419408, "activity_lines": [ 362.027421, 367.321524, 368.194374, 367.218559 ] }, { "date": "2023-09-01", "close": 373.425629, "volume": 228946, "typical_volume": 232014.2, "trend": 367.885697, "fair_value": 400.392154, "relative_strength": 0.116504, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.900132, "energy": 10.69942, "activity_lines": [ 364.264339, 368.202352, 368.778853, 367.460201 ] }, { "date": "2023-09-08", "close": 373.991119, "volume": 151433, "typical_volume": 220388.1, "trend": 366.986592, "fair_value": 400.505986, "relative_strength": 1.18929, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.487884, "energy": 12.739215, "activity_lines": [ 367.142161, 368.911809, 369.427548, 367.854099 ] }, { "date": "2023-09-15", "close": 374.179626, "volume": 292184, "typical_volume": 223112.1, "trend": 366.479192, "fair_value": 400.595044, "relative_strength": 0.579142, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.920561, "energy": 12.440214, "activity_lines": [ 369.894313, 369.621267, 370.036144, 368.318165 ] }, { "date": "2023-09-22", "close": 360.984375, "volume": 129943, "typical_volume": 217304.35, "trend": 366.128735, "fair_value": 400.613951, "relative_strength": -1.645742, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 20.838758, "energy": 10.698682, "activity_lines": [ 368.273183, 367.856187, 369.368302, 367.963661 ] }, { "date": "2023-09-29", "close": 358.15686, "volume": 195146, "typical_volume": 209909.2, "trend": 365.447801, "fair_value": 400.611847, "relative_strength": -1.934174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.35186, "energy": 5.077739, "activity_lines": [ 365.24457, 365.686689, 368.422196, 367.449347 ] }, { "date": "2023-10-06", "close": 354.386749, "volume": 123733, "typical_volume": 208973.0, "trend": 365.237981, "fair_value": 400.611557, "relative_strength": -3.002016, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.171477, "energy": 20.435099, "activity_lines": [ 360.657645, 363.314971, 367.051505, 366.73573 ] }, { "date": "2023-10-13", "close": 357.025757, "volume": 327864, "typical_volume": 215865.1, "trend": 365.060178, "fair_value": 400.674375, "relative_strength": -3.771015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.50112, "energy": 29.726546, "activity_lines": [ 358.219649, 361.892618, 365.916888, 366.205909 ] }, { "date": "2023-10-20", "close": 339.871979, "volume": 126137, "typical_volume": 204658.2, "trend": 365.06278, "fair_value": 400.635893, "relative_strength": -3.376924, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.244522, "energy": 55.757996, "activity_lines": [ 351.194751, 357.608447, 363.116263, 364.580864 ] }, { "date": "2023-10-27", "close": 332.897339, "volume": 265530, "typical_volume": 200636.95, "trend": 364.223677, "fair_value": 400.676839, "relative_strength": -3.951113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.104586, "energy": 62.813068, "activity_lines": [ 344.132149, 352.686789, 359.808473, 362.505675 ] }, { "date": "2023-11-03", "close": 383.180939, "volume": 427636, "typical_volume": 212019.05, "trend": 365.129075, "fair_value": 400.861128, "relative_strength": 6.447672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.935446, "energy": 20.410469, "activity_lines": [ 355.703217, 357.291466, 361.593896, 363.728724 ] }, { "date": "2023-11-10", "close": 381.274597, "volume": 165422, "typical_volume": 207571.25, "trend": 365.318196, "fair_value": 400.995666, "relative_strength": 6.490106, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.825214, "energy": 7.416314, "activity_lines": [ 364.970565, 361.012295, 363.172852, 364.77037 ] }, { "date": "2023-11-17", "close": 386.040466, "volume": 468475, "typical_volume": 222989.2, "trend": 366.1262, "fair_value": 401.209832, "relative_strength": 3.752294, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.230634, "energy": 18.975152, "activity_lines": [ 374.034013, 365.456937, 365.096514, 366.107291 ] }, { "date": "2023-11-24", "close": 382.03714, "volume": 300813, "typical_volume": 219665.25, "trend": 366.526353, "fair_value": 401.44164, "relative_strength": 1.371282, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.78811, "energy": 36.54205, "activity_lines": [ 379.828705, 368.954623, 366.572552, 367.133803 ] }, { "date": "2023-12-01", "close": 393.475372, "volume": 642043, "typical_volume": 241431.7, "trend": 367.672219, "fair_value": 401.775639, "relative_strength": 3.34712, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.973965, "energy": 58.108823, "activity_lines": [ 386.62513, 374.389123, 369.080781, 368.87245 ] }, { "date": "2023-12-08", "close": 403.197906, "volume": 219501, "typical_volume": 244937.6, "trend": 369.632279, "fair_value": 402.218152, "relative_strength": 3.001489, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.264495, "energy": 65.866279, "activity_lines": [ 392.623864, 381.000611, 372.388971, 371.16443 ] }, { "date": "2023-12-15", "close": 444.756866, "volume": 345984, "typical_volume": 247672.2, "trend": 372.751436, "fair_value": 402.895313, "relative_strength": 10.014751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.100376, "energy": 79.735866, "activity_lines": [ 411.141121, 394.349346, 379.567243, 376.011177 ] }, { "date": "2023-12-22", "close": 450.857208, "volume": 269921, "typical_volume": 256557.45, "trend": 376.105355, "fair_value": 403.576936, "relative_strength": 11.805587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.650833, "energy": 85.348747, "activity_lines": [ 427.459674, 407.164141, 387.019142, 381.050259 ] }, { "date": "2023-12-29", "close": 449.332092, "volume": 117140, "typical_volume": 254708.15, "trend": 378.654421, "fair_value": 404.234348, "relative_strength": 10.320609, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.247252, "energy": 86.925805, "activity_lines": [ 438.948738, 417.995616, 393.946298, 385.774565 ] }, { "date": "2024-01-05", "close": 440.372162, "volume": 225624, "typical_volume": 258409.0, "trend": 380.106823, "fair_value": 404.848759, "relative_strength": 10.757983, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.108744, "energy": 83.789091, "activity_lines": [ 442.964829, 425.207828, 399.664055, 389.756354 ] }, { "date": "2024-01-12", "close": 422.452271, "volume": 302682, "typical_volume": 266307.85, "trend": 381.59024, "fair_value": 405.227048, "relative_strength": 5.491073, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.168591, "energy": 72.734782, "activity_lines": [ 437.881171, 427.207791, 403.263904, 392.488319 ] }, { "date": "2024-01-19", "close": 411.967194, "volume": 233490, "typical_volume": 266535.05, "trend": 383.377636, "fair_value": 405.56122, "relative_strength": 5.558157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.840479, "energy": 45.700727, "activity_lines": [ 428.018862, 426.587352, 405.537464, 394.448122 ] }, { "date": "2024-01-26", "close": 423.214783, "volume": 167899, "typical_volume": 267358.35, "trend": 385.081258, "fair_value": 406.022345, "relative_strength": 5.314047, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.283072, "energy": 32.50187, "activity_lines": [ 424.091728, 427.453882, 408.69869, 397.018261 ] }, { "date": "2024-02-02", "close": 416.923767, "volume": 239293, "typical_volume": 264713.8, "trend": 386.644298, "fair_value": 406.402725, "relative_strength": 3.965797, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.071493, "energy": 24.794816, "activity_lines": [ 419.910417, 426.500695, 411.026375, 399.072616 ] }, { "date": "2024-02-09", "close": 403.960388, "volume": 156914, "typical_volume": 266062.35, "trend": 387.875761, "fair_value": 406.78084, "relative_strength": 1.516775, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.283136, "energy": 24.403752, "activity_lines": [ 413.568534, 422.556227, 411.915908, 400.189783 ] }, { "date": "2024-02-16", "close": 408.535736, "volume": 221707, "typical_volume": 267390.4, "trend": 388.66909, "fair_value": 407.217153, "relative_strength": 0.298747, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.492879, "energy": 21.348089, "activity_lines": [ 411.17922, 419.253004, 413.03654, 401.522685 ] }, { "date": "2024-02-23", "close": 416.54248, "volume": 240798, "typical_volume": 273243.65, "trend": 389.880115, "fair_value": 407.673035, "relative_strength": 1.119852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.837523, "energy": 18.618694, "activity_lines": [ 412.386588, 417.3085, 414.679821, 403.320968 ] }, { "date": "2024-03-01", "close": 413.873535, "volume": 217292, "typical_volume": 267715.05, "trend": 391.303781, "fair_value": 408.129131, "relative_strength": -0.591919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.474385, "energy": 13.507344, "activity_lines": [ 412.39929, 415.391724, 415.772936, 404.868931 ] }, { "date": "2024-03-08", "close": 435.224945, "volume": 205164, "typical_volume": 271666.4, "trend": 393.326058, "fair_value": 408.638374, "relative_strength": 3.312798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.268307, "energy": 26.957416, "activity_lines": [ 420.151878, 418.029452, 418.628816, 407.702554 ] }, { "date": "2024-03-15", "close": 442.08786, "volume": 436211, "typical_volume": 280200.45, "trend": 396.261996, "fair_value": 409.214705, "relative_strength": 3.02883, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.737589, "energy": 42.662416, "activity_lines": [ 428.972025, 422.171476, 421.684244, 410.848477 ] }, { "date": "2024-03-22", "close": 480.882538, "volume": 343299, "typical_volume": 275983.6, "trend": 400.503656, "fair_value": 410.005078, "relative_strength": 11.695731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.574624, "energy": 78.000932, "activity_lines": [ 448.181901, 433.335884, 427.914449, 416.307867 ] }, { "date": "2024-03-29", "close": 498.51651, "volume": 275360, "typical_volume": 281480.5, "trend": 404.673352, "fair_value": 410.977774, "relative_strength": 16.045271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.14815, "energy": 89.02447, "activity_lines": [ 468.446647, 446.644099, 435.358835, 422.631277 ] }, { "date": "2024-04-05", "close": 476.593262, "volume": 349891, "typical_volume": 275551.3, "trend": 408.093423, "fair_value": 411.800699, "relative_strength": 11.196168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.021609, "energy": 82.526356, "activity_lines": [ 475.938709, 454.392646, 440.156997, 427.271271 ] }, { "date": "2024-04-12", "close": 467.06134, "volume": 449685, "typical_volume": 282994.9, "trend": 411.189481, "fair_value": 412.315402, "relative_strength": 8.64102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.016173, "energy": 79.489808, "activity_lines": [ 476.072148, 459.437599, 443.616153, 431.075653 ] }, { "date": "2024-04-19", "close": 467.537964, "volume": 233974, "typical_volume": 262591.45, "trend": 414.741267, "fair_value": 412.800826, "relative_strength": 8.65133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.333141, "energy": 64.002313, "activity_lines": [ 474.242035, 463.657618, 446.715825, 434.711039 ] }, { "date": "2024-04-26", "close": 458.823303, "volume": 186716, "typical_volume": 260952.2, "trend": 418.096815, "fair_value": 413.352364, "relative_strength": 4.115841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.887669, "energy": 41.440484, "activity_lines": [ 467.810362, 465.137197, 448.63285, 437.555041 ] }, { "date": "2024-05-03", "close": 472.770752, "volume": 182451, "typical_volume": 252775.55, "trend": 422.042948, "fair_value": 413.889614, "relative_strength": 7.714228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.956677, "energy": 34.754809, "activity_lines": [ 467.498454, 468.238357, 451.61332, 441.082392 ] }, { "date": "2024-05-10", "close": 495.375244, "volume": 197156, "typical_volume": 249137.3, "trend": 426.654598, "fair_value": 414.619534, "relative_strength": 8.676736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.850667, "energy": 46.007672, "activity_lines": [ 476.43776, 474.427092, 456.6132, 445.813508 ] }, { "date": "2024-05-17", "close": 516.536865, "volume": 170691, "typical_volume": 251814.85, "trend": 432.543427, "fair_value": 415.437335, "relative_strength": 13.86855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.054729, "energy": 55.116164, "activity_lines": [ 491.178808, 482.981545, 463.416482, 451.612364 ] }, { "date": "2024-05-24", "close": 504.994171, "volume": 785044, "typical_volume": 279785.85, "trend": 438.279989, "fair_value": 416.087937, "relative_strength": 9.914015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.444617, "energy": 71.203291, "activity_lines": [ 498.773924, 487.958928, 468.800437, 456.286605 ] }, { "date": "2024-05-31", "close": 515.575012, "volume": 543489, "typical_volume": 291826.2, "trend": 442.693124, "fair_value": 416.735293, "relative_strength": 12.658667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.801292, "energy": 76.759163, "activity_lines": [ 507.398905, 493.71635, 474.884367, 461.273381 ] }, { "date": "2024-06-07", "close": 501.146637, "volume": 221135, "typical_volume": 291208.45, "trend": 446.688859, "fair_value": 417.141025, "relative_strength": 8.471142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.801407, "energy": 66.226586, "activity_lines": [ 507.430981, 496.219658, 479.150724, 465.044575 ] }, { "date": "2024-06-14", "close": 493.451447, "volume": 329281, "typical_volume": 299277.55, "trend": 450.269225, "fair_value": 417.525392, "relative_strength": 9.034075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.177162, "energy": 45.039781, "activity_lines": [ 503.006268, 497.27602, 482.259543, 468.061516 ] }, { "date": "2024-06-21", "close": 497.299042, "volume": 506273, "typical_volume": 312626.55, "trend": 454.111288, "fair_value": 418.045108, "relative_strength": 8.974248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.958732, "energy": 39.973858, "activity_lines": [ 499.99234, 498.725432, 485.400338, 471.095698 ] }, { "date": "2024-06-28", "close": 507.879883, "volume": 196054, "typical_volume": 314583.55, "trend": 457.924772, "fair_value": 418.538276, "relative_strength": 11.039553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.542915, "energy": 37.699152, "activity_lines": [ 501.787881, 501.548858, 489.166094, 474.56464 ] }, { "date": "2024-07-05", "close": 530.965271, "volume": 211696, "typical_volume": 314083.0, "trend": 462.183684, "fair_value": 419.067577, "relative_strength": 16.134572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.968668, "energy": 46.599872, "activity_lines": [ 511.08617, 507.836137, 494.635603, 479.27693 ] }, { "date": "2024-07-12", "close": 554.05072, "volume": 234748, "typical_volume": 313780.5, "trend": 465.826813, "fair_value": 419.7035, "relative_strength": 17.174534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.428134, "energy": 71.542882, "activity_lines": [ 527.053591, 517.009098, 501.720728, 485.203835 ] }, { "date": "2024-07-19", "close": 539.622375, "volume": 211462, "typical_volume": 313489.0, "trend": 468.785652, "fair_value": 420.214894, "relative_strength": 16.323067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.20861, "energy": 73.222702, "activity_lines": [ 534.684625, 522.080906, 506.776924, 489.964839 ] }, { "date": "2024-07-26", "close": 529.041504, "volume": 132088, "typical_volume": 309835.2, "trend": 471.442632, "fair_value": 420.59438, "relative_strength": 13.243125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.955356, "energy": 71.434183, "activity_lines": [ 535.71064, 524.424427, 510.226615, 493.852314 ] }, { "date": "2024-08-02", "close": 528.079651, "volume": 183519, "typical_volume": 297200.6, "trend": 474.366215, "fair_value": 420.883231, "relative_strength": 17.582404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.058739, "energy": 57.085058, "activity_lines": [ 534.299874, 526.365708, 513.137954, 497.506315 ] }, { "date": "2024-08-09", "close": 523.270081, "volume": 140553, "typical_volume": 287063.3, "trend": 477.726809, "fair_value": 420.981048, "relative_strength": 16.383325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.311663, "energy": 38.952076, "activity_lines": [ 529.939266, 527.012785, 515.181755, 500.661403 ] }, { "date": "2024-08-16", "close": 527.117676, "volume": 103930, "typical_volume": 278491.8, "trend": 481.565158, "fair_value": 421.141395, "relative_strength": 13.27754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.240785, "energy": 29.189604, "activity_lines": [ 527.374203, 528.219515, 517.390148, 503.847911 ] }, { "date": "2024-08-23", "close": 545.393738, "volume": 150873, "typical_volume": 268540.9, "trend": 485.63779, "fair_value": 421.407246, "relative_strength": 15.420015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.02151, "energy": 38.116561, "activity_lines": [ 532.696696, 532.276965, 521.202922, 507.965884 ] }, { "date": "2024-08-30", "close": 548.279419, "volume": 376089, "typical_volume": 264861.1, "trend": 490.016312, "fair_value": 421.709071, "relative_strength": 13.911514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.787416, "energy": 41.776033, "activity_lines": [ 538.596326, 535.914679, 524.962901, 512.007279 ] }, { "date": "2024-09-06", "close": 532.889099, "volume": 396956, "typical_volume": 273010.2, "trend": 494.313935, "fair_value": 422.156913, "relative_strength": 15.330811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.552529, "energy": 38.234625, "activity_lines": [ 538.083321, 535.827236, 526.870383, 514.773265 ] }, { "date": "2024-09-13", "close": 536.736694, "volume": 175797, "typical_volume": 272464.25, "trend": 498.587301, "fair_value": 422.673111, "relative_strength": 13.636692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.345572, "energy": 38.463013, "activity_lines": [ 538.532218, 535.984644, 528.833107, 517.510217 ] }, { "date": "2024-09-20", "close": 530.965271, "volume": 873809, "typical_volume": 307032.15, "trend": 502.401394, "fair_value": 423.193091, "relative_strength": 9.620599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.439244, "energy": 30.806818, "activity_lines": [ 536.159534, 534.987766, 529.875155, 519.599119 ] }, { "date": "2024-09-27", "close": 551.165039, "volume": 369702, "typical_volume": 315659.45, "trend": 506.977777, "fair_value": 423.903143, "relative_strength": 10.707727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.138447, "energy": 33.354759, "activity_lines": [ 540.263599, 538.08331, 532.563874, 522.74516 ] }, { "date": "2024-10-04", "close": 555.974548, "volume": 554534, "typical_volume": 334851.6, "trend": 511.002764, "fair_value": 424.681308, "relative_strength": 12.640018, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.005404, "energy": 38.933308, "activity_lines": [ 545.58608, 541.843443, 535.444976, 525.906242 ] }, { "date": "2024-10-11", "close": 548.279419, "volume": 422085, "typical_volume": 316703.65, "trend": 514.542483, "fair_value": 425.274411, "relative_strength": 11.178139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.917609, "energy": 36.613476, "activity_lines": [ 547.830509, 543.714769, 537.40541, 528.311188 ] }, { "date": "2024-10-18", "close": 525.193909, "volume": 362912, "typical_volume": 307674.8, "trend": 516.019528, "fair_value": 425.506897, "relative_strength": 5.85266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.599377, "energy": 28.320628, "activity_lines": [ 541.353748, 541.021462, 536.961103, 528.998377 ] }, { "date": "2024-10-25", "close": 496.337158, "volume": 375691, "typical_volume": 315402.6, "trend": 515.946883, "fair_value": 425.641787, "relative_strength": -0.177055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -5.585606, "energy": 8.547295, "activity_lines": [ 526.027588, 533.046494, 533.722731, 527.728546 ] }, { "date": "2024-11-01", "close": 474.272278, "volume": 476578, "typical_volume": 322767.45, "trend": 515.869517, "fair_value": 425.433835, "relative_strength": -3.358257, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -38.979586, "energy": 41.977646, "activity_lines": [ 505.655009, 521.619376, 528.405843, 525.039862 ] }, { "date": "2024-11-08", "close": 485.910919, "volume": 418705, "typical_volume": 318389.05, "trend": 516.497836, "fair_value": 425.309293, "relative_strength": -1.141214, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.641317, "energy": 56.92622, "activity_lines": [ 494.288161, 513.601491, 524.288727, 523.107049 ] }, { "date": "2024-11-15", "close": 477.666901, "volume": 333345, "typical_volume": 325253.6, "trend": 516.835468, "fair_value": 424.970524, "relative_strength": -1.07694, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.970691, "energy": 69.669056, "activity_lines": [ 484.844216, 505.218667, 519.440695, 520.601828 ] }, { "date": "2024-11-22", "close": 472.33252, "volume": 324281, "typical_volume": 330882.85, "trend": 517.285775, "fair_value": 424.653309, "relative_strength": -2.502475, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.198724, "energy": 72.424909, "activity_lines": [ 478.329645, 496.869996, 514.228499, 517.73067 ] }, { "date": "2024-11-29", "close": 474.272278, "volume": 766654, "typical_volume": 357478.15, "trend": 517.335826, "fair_value": 424.445358, "relative_strength": -2.227016, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.376709, "energy": 77.063067, "activity_lines": [ 475.985753, 490.044992, 509.480245, 514.955606 ] }, { "date": "2024-12-06", "close": 477.666901, "volume": 387547, "typical_volume": 366282.4, "trend": 516.745548, "fair_value": 424.212219, "relative_strength": -5.388944, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.765151, "energy": 69.00259, "activity_lines": [ 476.244393, 484.867975, 505.435186, 512.39632 ] }, { "date": "2024-12-13", "close": 456.329468, "volume": 591100, "typical_volume": 389233.0, "trend": 514.738634, "fair_value": 423.880448, "relative_strength": -7.494592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.351947, "energy": 70.614256, "activity_lines": [ 469.164248, 477.147754, 499.653016, 508.498509 ] }, { "date": "2024-12-20", "close": 455.844543, "volume": 582373, "typical_volume": 409175.7, "trend": 513.100313, "fair_value": 423.636528, "relative_strength": -4.490442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.390158, "energy": 68.159145, "activity_lines": [ 463.894558, 471.151094, 494.170911, 504.69889 ] }, { "date": "2024-12-27", "close": 458.269257, "volume": 79487, "typical_volume": 406122.4, "trend": 511.190122, "fair_value": 423.264375, "relative_strength": -4.549871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.450518, "energy": 71.694957, "activity_lines": [ 460.887929, 467.275925, 489.263707, 501.161402 ] }, { "date": "2025-01-03", "close": 458.754181, "volume": 182686, "typical_volume": 410060.2, "trend": 509.77704, "fair_value": 423.00683, "relative_strength": -5.20272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.898625, "energy": 72.73288, "activity_lines": [ 458.980493, 464.705735, 484.712215, 497.778438 ] }, { "date": "2025-01-10", "close": 433.052307, "volume": 488245, "typical_volume": 426928.8, "trend": 507.763735, "fair_value": 422.713634, "relative_strength": -10.8816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.205811, "energy": 83.165127, "activity_lines": [ 449.540306, 458.145805, 478.038465, 492.828456 ] }, { "date": "2025-01-17", "close": 451.480042, "volume": 592957, "typical_volume": 437772.2, "trend": 506.236435, "fair_value": 422.497486, "relative_strength": -10.353964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.977389, "energy": 64.742073, "activity_lines": [ 449.217003, 455.685826, 473.654697, 489.19725 ] }, { "date": "2025-01-24", "close": 459.72406, "volume": 418278, "typical_volume": 438838.3, "trend": 504.631241, "fair_value": 422.416342, "relative_strength": -10.448997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.578105, "energy": 54.58087, "activity_lines": [ 451.965001, 455.350775, 470.517023, 486.196451 ] }, { "date": "2025-01-31", "close": 468.937927, "volume": 384045, "typical_volume": 449250.7, "trend": 502.563663, "fair_value": 422.423603, "relative_strength": -8.677556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.591986, "energy": 43.468914, "activity_lines": [ 457.525653, 457.017206, 468.605265, 483.893657 ] }, { "date": "2025-02-07", "close": 472.817474, "volume": 333128, "typical_volume": 422216.65, "trend": 499.855888, "fair_value": 422.467469, "relative_strength": -6.917219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.878057, "energy": 27.301773, "activity_lines": [ 463.668243, 459.450729, 467.385839, 481.974548 ] }, { "date": "2025-02-14", "close": 467.483154, "volume": 213105, "typical_volume": 414386.8, "trend": 497.451247, "fair_value": 422.567515, "relative_strength": -10.605423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.815538, "energy": 23.579853, "activity_lines": [ 467.095174, 460.940827, 465.935277, 479.885984 ] }, { "date": "2025-02-21", "close": 424.323395, "volume": 482570, "typical_volume": 410788.6, "trend": 493.960644, "fair_value": 422.416716, "relative_strength": -18.951491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.112917, "energy": 42.459359, "activity_lines": [ 453.840128, 454.768855, 460.772747, 475.168058 ] }, { "date": "2025-02-28", "close": 432.567352, "volume": 588766, "typical_volume": 419122.65, "trend": 490.7769, "fair_value": 422.377448, "relative_strength": -17.312556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.949623, "energy": 49.725154, "activity_lines": [ 445.143512, 450.677713, 457.022266, 471.207201 ] }, { "date": "2025-03-07", "close": 414.139587, "volume": 682798, "typical_volume": 435116.95, "trend": 487.139217, "fair_value": 422.059845, "relative_strength": -20.781795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.870517, "energy": 74.316229, "activity_lines": [ 432.114754, 443.659289, 452.067769, 466.262858 ] }, { "date": "2025-03-14", "close": 411.714905, "volume": 364370, "typical_volume": 434550.9, "trend": 483.292458, "fair_value": 421.477293, "relative_strength": -19.701379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.794684, "energy": 84.109837, "activity_lines": [ 421.930992, 437.002372, 447.411181, 461.396773 ] }, { "date": "2025-03-21", "close": 409.775146, "volume": 260329, "typical_volume": 423738.45, "trend": 478.771838, "fair_value": 421.026082, "relative_strength": -18.189116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.302948, "energy": 83.798528, "activity_lines": [ 415.174147, 430.848032, 442.972816, 456.653721 ] }, { "date": "2025-03-28", "close": 423.353485, "volume": 470852, "typical_volume": 426345.8, "trend": 474.607641, "fair_value": 420.333282, "relative_strength": -12.318052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.71585, "energy": 68.264421, "activity_lines": [ 416.790617, 427.585701, 440.134756, 453.078343 ] }, { "date": "2025-04-04", "close": 420.928802, "volume": 556923, "typical_volume": 437524.7, "trend": 470.875631, "fair_value": 419.718833, "relative_strength": -3.023074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.775606, "energy": 49.082047, "activity_lines": [ 417.663519, 424.393911, 437.363667, 449.615192 ] }, { "date": "2025-04-11", "close": 398.039581, "volume": 638795, "typical_volume": 453250.4, "trend": 466.252394, "fair_value": 419.092631, "relative_strength": -7.800512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.372535, "energy": 50.490738, "activity_lines": [ 411.682584, 417.745812, 432.682832, 444.916093 ] }, { "date": "2025-04-18", "close": 423.4505, "volume": 190395, "typical_volume": 424437.45, "trend": 462.668568, "fair_value": 418.75549, "relative_strength": -5.093216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.510186, "energy": 38.674761, "activity_lines": [ 415.24529, 417.006942, 430.775862, 442.15468 ] }, { "date": "2025-04-25", "close": 435.28302, "volume": 315992, "typical_volume": 420859.7, "trend": 458.805834, "fair_value": 418.509074, "relative_strength": -5.310589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.500314, "energy": 28.394807, "activity_lines": [ 421.969795, 419.31702, 430.237806, 440.38787 ] }, { "date": "2025-05-02", "close": 450.159332, "volume": 361012, "typical_volume": 409355.3, "trend": 455.27866, "fair_value": 418.835255, "relative_strength": -3.456391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.878442, "energy": 13.005277, "activity_lines": [ 431.952547, 424.917339, 431.31837, 439.830032 ] }, { "date": "2025-05-09", "close": 446.043823, "volume": 326391, "typical_volume": 396556.2, "trend": 451.870807, "fair_value": 419.159893, "relative_strength": -3.746654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.607571, "energy": 17.649981, "activity_lines": [ 438.776406, 429.299639, 432.036363, 439.234236 ] }, { "date": "2025-05-16", "close": 447.807617, "volume": 558927, "typical_volume": 420528.2, "trend": 449.291264, "fair_value": 419.487558, "relative_strength": -6.764235, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.913292, "energy": 16.825369, "activity_lines": [ 444.513861, 433.757603, 432.969006, 438.972094 ] }, { "date": "2025-05-23", "close": 445.84787, "volume": 429869, "typical_volume": 432887.35, "trend": 447.608288, "fair_value": 419.761264, "relative_strength": -4.63586, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.374851, "energy": 17.956574, "activity_lines": [ 446.280198, 437.247102, 433.764823, 438.74994 ] }, { "date": "2025-05-30", "close": 462.113953, "volume": 195631, "typical_volume": 418256.65, "trend": 447.20301, "fair_value": 420.257514, "relative_strength": -1.680424, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.140884, "energy": 28.921477, "activity_lines": [ 451.975405, 443.073472, 436.17125, 439.685789 ] }, { "date": "2025-06-06", "close": 449.767395, "volume": 246154, "typical_volume": 400916.5, "trend": 445.998226, "fair_value": 420.905254, "relative_strength": -5.151412, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.049445, "energy": 30.252122, "activity_lines": [ 451.766364, 445.703399, 437.263426, 439.851234 ] }, { "date": "2025-06-13", "close": 435.46106, "volume": 425691, "typical_volume": 401287.15, "trend": 444.591364, "fair_value": 421.526338, "relative_strength": -5.706982, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 9.030679, "energy": 11.741517, "activity_lines": [ 446.814673, 445.251921, 437.001249, 439.171416 ] }, { "date": "2025-06-20", "close": 455.450714, "volume": 310837, "typical_volume": 397626.75, "trend": 444.028638, "fair_value": 422.249541, "relative_strength": -0.803781, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.721299, "energy": 14.779417, "activity_lines": [ 449.231718, 448.170703, 438.758386, 439.87202 ] }, { "date": "2025-06-27", "close": 475.048431, "volume": 268205, "typical_volume": 394380.6, "trend": 444.054509, "fair_value": 423.047512, "relative_strength": 1.111611, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.451605, "energy": 25.158511, "activity_lines": [ 457.671796, 453.608867, 442.446198, 441.873297 ] }, { "date": "2025-07-04", "close": 476.812225, "volume": 390665, "typical_volume": 403258.6, "trend": 444.02602, "fair_value": 423.797652, "relative_strength": 1.416515, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.009509, "energy": 41.408657, "activity_lines": [ 464.7531, 458.429576, 446.291367, 443.986698 ] }, { "date": "2025-07-11", "close": 458.390381, "volume": 247415, "typical_volume": 391500.85, "trend": 444.094717, "fair_value": 424.271217, "relative_strength": -3.444849, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 55.371022, "energy": 57.087286, "activity_lines": [ 464.713906, 459.145784, 448.33765, 444.913431 ] }, { "date": "2025-07-18", "close": 453.490936, "volume": 323116, "typical_volume": 378218.35, "trend": 444.016264, "fair_value": 424.411775, "relative_strength": -4.224284, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.05095, "energy": 52.838769, "activity_lines": [ 462.466697, 458.821527, 449.755095, 445.519638 ] }, { "date": "2025-07-25", "close": 459.958191, "volume": 234400, "typical_volume": 355798.45, "trend": 444.072562, "fair_value": 424.611531, "relative_strength": -4.79818, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.071331, "energy": 35.992999, "activity_lines": [ 461.173248, 459.537733, 451.688833, 446.54815 ] }, { "date": "2025-08-01", "close": 435.069092, "volume": 176144, "typical_volume": 346387.15, "trend": 443.283059, "fair_value": 424.876462, "relative_strength": -6.95604, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.176568, "energy": 13.915814, "activity_lines": [ 451.282935, 455.507729, 451.033998, 445.967281 ] }, { "date": "2025-08-08", "close": 447.611633, "volume": 117329, "typical_volume": 339237.15, "trend": 443.768369, "fair_value": 424.858692, "relative_strength": -6.427037, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.04635, "energy": 17.975822, "activity_lines": [ 448.238757, 453.954164, 451.462479, 446.246544 ] }, { "date": "2025-08-15", "close": 436.440948, "volume": 322360, "typical_volume": 331812.55, "trend": 443.267066, "fair_value": 425.083925, "relative_strength": -9.660729, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.399161, "energy": 12.624864, "activity_lines": [ 443.417724, 450.633245, 450.646912, 445.773807 ] }, { "date": "2025-08-22", "close": 446.827728, "volume": 392146, "typical_volume": 323573.7, "trend": 442.837189, "fair_value": 425.37574, "relative_strength": -8.733391, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.09767, "energy": 15.829048, "activity_lines": [ 443.522247, 449.443129, 450.758241, 446.003527 ] }, { "date": "2025-08-29", "close": 425.858185, "volume": 552537, "typical_volume": 319260.8, "trend": 441.401197, "fair_value": 425.550876, "relative_strength": -10.444216, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.728477, "energy": 28.192996, "activity_lines": [ 437.081136, 444.233703, 448.749142, 444.908107 ] }, { "date": "2025-09-05", "close": 416.059357, "volume": 601429, "typical_volume": 339812.5, "trend": 439.50926, "fair_value": 425.580407, "relative_strength": -12.00963, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.619675, "energy": 45.346438, "activity_lines": [ 429.647083, 437.780718, 445.674352, 443.27315 ] }, { "date": "2025-09-12", "close": 417.82312, "volume": 284366, "typical_volume": 338231.2, "trend": 437.853925, "fair_value": 425.981981, "relative_strength": -11.416598, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.165032, "energy": 51.475252, "activity_lines": [ 424.068266, 432.720946, 442.802735, 441.874044 ] }, { "date": "2025-09-19", "close": 427.034027, "volume": 854483, "typical_volume": 362904.75, "trend": 437.94428, "fair_value": 426.765487, "relative_strength": -9.409301, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.932817, "energy": 53.840854, "activity_lines": [ 423.545652, 430.408413, 440.89149, 441.175986 ] }, { "date": "2025-09-26", "close": 414.6875, "volume": 210840, "typical_volume": 357127.2, "trend": 437.348285, "fair_value": 427.466301, "relative_strength": -11.472148, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.011063, "energy": 57.107703, "activity_lines": [ 419.534658, 426.421173, 437.914506, 439.675549 ] }, { "date": "2025-10-03", "close": 419.978882, "volume": 310181, "typical_volume": 344689.9, "trend": 437.542928, "fair_value": 428.325222, "relative_strength": -12.547605, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.083469, "energy": 45.606323, "activity_lines": [ 419.430139, 424.101519, 435.590779, 438.554942 ] }, { "date": "2025-10-10", "close": 427.426025, "volume": 274860, "typical_volume": 336939.45, "trend": 438.066632, "fair_value": 428.99415, "relative_strength": -9.759293, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.830183, "energy": 36.396562, "activity_lines": [ 422.199955, 423.862788, 434.108821, 437.902239 ] }, { "date": "2025-10-17", "close": 453.490936, "volume": 440367, "typical_volume": 349176.25, "trend": 439.523825, "fair_value": 429.827795, "relative_strength": -3.674068, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -17.837088, "energy": 11.113219, "activity_lines": [ 432.900297, 428.502096, 435.196959, 438.897355 ] }, { "date": "2025-10-24", "close": 466.425446, "volume": 385985, "typical_volume": 356167.8, "trend": 440.959557, "fair_value": 430.628445, "relative_strength": -3.709697, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.297945, "energy": 24.02278, "activity_lines": [ 445.534288, 435.386237, 437.558017, 440.632943 ] }, { "date": "2025-10-31", "close": 455.707672, "volume": 200725, "typical_volume": 344919.5, "trend": 442.118853, "fair_value": 431.347572, "relative_strength": -5.030164, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.580445, "energy": 31.902916, "activity_lines": [ 451.969592, 439.776519, 438.81901, 441.584435 ] }, { "date": "2025-11-07", "close": 451.552277, "volume": 549561, "typical_volume": 356855.7, "trend": 443.902609, "fair_value": 431.803357, "relative_strength": -4.465331, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.612814, "energy": 34.012657, "activity_lines": [ 454.285087, 443.249821, 439.587839, 442.193043 ] }, { "date": "2025-11-14", "close": 446.209625, "volume": 312802, "typical_volume": 359085.55, "trend": 444.661247, "fair_value": 432.288255, "relative_strength": -6.120598, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.873512, "energy": 36.550649, "activity_lines": [ 452.714805, 445.284567, 439.866409, 442.341882 ] }, { "date": "2025-11-21", "close": 434.930725, "volume": 214038, "typical_volume": 350254.2, "trend": 444.649504, "fair_value": 432.631513, "relative_strength": -6.2555, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.257556, "energy": 9.936574, "activity_lines": [ 446.13265, 444.720417, 439.208124, 441.714107 ] }, { "date": "2025-11-28", "close": 438.294617, "volume": 341025, "typical_volume": 354934.7, "trend": 444.254013, "fair_value": 433.161312, "relative_strength": -8.2038, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.160922, "energy": 7.798526, "activity_lines": [ 441.909139, 444.456836, 439.069646, 441.304114 ] }, { "date": "2025-12-05", "close": 429.983826, "volume": 279885, "typical_volume": 352773.15, "trend": 443.71868, "fair_value": 433.580454, "relative_strength": -10.875991, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.826408, "energy": 26.822622, "activity_lines": [ 436.790753, 442.477464, 438.235359, 440.383457 ] }, { "date": "2025-12-12", "close": 423.256042, "volume": 205946, "typical_volume": 351350.45, "trend": 442.900294, "fair_value": 433.962446, "relative_strength": -11.813116, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.162341, "energy": 35.545272, "activity_lines": [ 431.144696, 438.996744, 436.872269, 439.063287 ] }, { "date": "2025-12-19", "close": 436.909485, "volume": 509190, "typical_volume": 368002.75, "trend": 442.602348, "fair_value": 434.429569, "relative_strength": -9.305503, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.294964, "energy": 28.171553, "activity_lines": [ 431.936202, 437.938883, 436.984278, 438.676783 ] }, { "date": "2025-12-26", "close": 433.743469, "volume": 106527, "typical_volume": 367462.65, "trend": 441.656665, "fair_value": 434.887156, "relative_strength": -9.884908, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.351524, "energy": 31.569697, "activity_lines": [ 432.292379, 436.132957, 436.785999, 438.105242 ] }, { "date": "2026-01-02", "close": 437.503113, "volume": 140453, "typical_volume": 358367.3, "trend": 441.247856, "fair_value": 435.276792, "relative_strength": -9.800048, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.645146, "energy": 23.801852, "activity_lines": [ 433.98092, 435.369647, 437.01182, 437.837271 ] }, { "date": "2026-01-09", "close": 462.435425, "volume": 269433, "typical_volume": 352231.65, "trend": 442.147001, "fair_value": 435.625409, "relative_strength": -7.483209, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.984044, "energy": 20.330249, "activity_lines": [ 444.033, 439.665345, 439.607088, 439.204211 ] }, { "date": "2026-01-16", "close": 479.84848, "volume": 388150, "typical_volume": 344012.3, "trend": 442.96026, "fair_value": 436.071303, "relative_strength": -5.879372, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 49.355282, "energy": 57.414544, "activity_lines": [ 457.725991, 447.00473, 443.786421, 441.636565 ] }, { "date": "2026-01-23", "close": 458.477905, "volume": 430642, "typical_volume": 335472.95, "trend": 442.407909, "fair_value": 436.286959, "relative_strength": -9.102317, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.387734, "energy": 63.738242, "activity_lines": [ 460.522628, 449.94408, 445.673364, 442.637703 ] }, { "date": "2026-01-30", "close": 457.488525, "volume": 361526, "typical_volume": 339330.95, "trend": 441.763786, "fair_value": 436.48073, "relative_strength": -9.431947, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.023208, "energy": 65.679569, "activity_lines": [ 461.551577, 452.480483, 447.264087, 443.610646 ] }, { "date": "2026-02-06", "close": 466.59082, "volume": 367224, "typical_volume": 314968.0, "trend": 442.037134, "fair_value": 436.901413, "relative_strength": -10.102498, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.990169, "energy": 65.030334, "activity_lines": [ 464.03162, 456.261707, 449.532813, 445.21239 ] }, { "date": "2026-02-13", "close": 463.424805, "volume": 583906, "typical_volume": 333621.3, "trend": 442.368263, "fair_value": 437.375921, "relative_strength": -10.449286, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.688719, "energy": 37.780527, "activity_lines": [ 463.517145, 458.952815, 451.311648, 446.59224 ] }, { "date": "2026-02-20", "close": 485.78476, "volume": 360048, "typical_volume": 336114.65, "trend": 443.229148, "fair_value": 438.108528, "relative_strength": -7.887866, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.5029, "energy": 51.329205, "activity_lines": [ 470.390029, 465.101352, 454.98792, 449.393304 ] }, { "date": "2026-02-27", "close": 492.710419, "volume": 400019, "typical_volume": 342372.6, "trend": 445.150526, "fair_value": 438.840102, "relative_strength": -7.737778, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.248144, "energy": 65.926455, "activity_lines": [ 479.175714, 471.372214, 459.010417, 452.585644 ] }, { "date": "2026-03-06", "close": 465.007813, "volume": 267648, "typical_volume": 333736.65, "trend": 445.730399, "fair_value": 439.508861, "relative_strength": -7.660507, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.389967, "energy": 45.08251, "activity_lines": [ 476.44503, 471.591676, 460.083693, 453.86676 ] }, { "date": "2026-03-13", "close": 443.439392, "volume": 312643, "typical_volume": 330069.55, "trend": 445.96368, "fair_value": 440.028602, "relative_strength": -11.297185, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.500528, "energy": 24.049533, "activity_lines": [ 466.023586, 467.321164, 459.047991, 453.718953 ] }, { "date": "2026-03-20", "close": 428.202942, "volume": 233440, "typical_volume": 331705.3, "trend": 445.342854, "fair_value": 440.595326, "relative_strength": -9.672634, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 5.113242, "energy": 10.639863, "activity_lines": [ 452.066754, 460.172457, 456.670656, 452.573099 ] }, { "date": "2026-03-27", "close": 422.464539, "volume": 452951, "typical_volume": 326874.8, "trend": 445.229732, "fair_value": 441.008109, "relative_strength": -10.662041, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -28.390527, "energy": 31.916113, "activity_lines": [ 438.545246, 452.602812, 453.877781, 451.097078 ] }, { "date": "2026-04-03", "close": 445.418152, "volume": 225405, "typical_volume": 322504.95, "trend": 446.208359, "fair_value": 441.581181, "relative_strength": -8.680399, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.400607, "energy": 28.111191, "activity_lines": [ 436.896289, 450.249895, 453.409478, 451.109235 ] }, { "date": "2026-04-10", "close": 454.916138, "volume": 217816, "typical_volume": 322693.85, "trend": 447.444793, "fair_value": 442.089611, "relative_strength": -10.76082, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.863533, "energy": 22.070844, "activity_lines": [ 441.566146, 449.861336, 453.849513, 451.671027 ] }, { "date": "2026-04-17", "close": 474.307953, "volume": 209491, "typical_volume": 316117.15, "trend": 449.02059, "fair_value": 442.810814, "relative_strength": -8.739943, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.572687, "energy": 16.584191, "activity_lines": [ 453.37272, 453.045331, 456.04122, 453.404134 ] }, { "date": "2026-04-24", "close": 441.799988, "volume": 270533, "typical_volume": 315649.55, "trend": 449.92434, "fair_value": 443.270861, "relative_strength": -12.392513, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.068907, "energy": 12.098859, "activity_lines": [ 452.285401, 450.178476, 454.965438, 452.938289 ] }, { "date": "2026-05-01", "close": 435.0, "volume": 210479, "typical_volume": 315876.2, "trend": 450.425044, "fair_value": 443.757404, "relative_strength": -12.174525, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.245609, "energy": 6.487553, "activity_lines": [ 448.024949, 446.468438, 453.185771, 451.975428 ] }, { "date": "2026-05-08", "close": 433.799988, "volume": 373515, "typical_volume": 309092.45, "trend": 450.637509, "fair_value": 444.330506, "relative_strength": -12.365961, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.82597, "energy": 11.044115, "activity_lines": [ 442.528797, 443.463575, 451.235893, 450.902844 ] }, { "date": "2026-05-15", "close": 425.799988, "volume": 257405, "typical_volume": 316636.35, "trend": 449.714478, "fair_value": 444.808825, "relative_strength": -12.553098, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.78882, "energy": 51.72073, "activity_lines": [ 435.140521, 440.075265, 448.538917, 449.300423 ] }, { "date": "2026-05-22", "close": 432.600006, "volume": 259703, "typical_volume": 322598.85, "trend": 448.586963, "fair_value": 445.336776, "relative_strength": -13.816848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.503752, "energy": 51.562417, "activity_lines": [ 431.959996, 438.636192, 446.527388, 448.196263 ] }, { "date": "2026-05-29", "close": 435.799988, "volume": 557140, "typical_volume": 336984.2, "trend": 447.923373, "fair_value": 445.740237, "relative_strength": -12.468795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.429423, "energy": 46.465229, "activity_lines": [ 432.62666, 437.976014, 444.843968, 447.371297 ] }, { "date": "2026-06-05", "close": 415.0, "volume": 50167, "typical_volume": 320085.05, "trend": 446.704964, "fair_value": 445.856903, "relative_strength": -15.60393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.645268, "energy": 56.355638, "activity_lines": [ 426.759996, 433.395891, 441.306432, 445.247209 ] }, { "date": "2026-06-12", "close": 412.200012, "volume": 34751, "typical_volume": 300290.5, "trend": 445.571311, "fair_value": 446.076456, "relative_strength": -15.638008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.224427, "energy": 57.516299, "activity_lines": [ 421.293335, 428.442399, 437.811032, 443.021083 ] }, { "date": "2026-06-19", "close": 401.600006, "volume": 518199, "typical_volume": 308124.15, "trend": 444.460287, "fair_value": 446.353729, "relative_strength": -18.895928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.533587, "energy": 66.170487, "activity_lines": [ 413.733337, 422.165599, 433.526479, 440.184224 ] }, { "date": "2026-06-26", "close": 410.200012, "volume": 80501, "typical_volume": 293788.0, "trend": 443.5238, "fair_value": 446.597921, "relative_strength": -15.882438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.932013, "energy": 68.39812, "activity_lines": [ 410.653341, 418.421821, 430.327111, 437.973884 ] }, { "date": "2026-07-03", "close": 435.600006, "volume": 105818, "typical_volume": 269883.6, "trend": 443.711006, "fair_value": 447.018225, "relative_strength": -12.641175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.544356, "energy": 48.425292, "activity_lines": [ 417.533341, 420.461822, 429.815316, 437.462672 ] }, { "date": "2026-07-10", "close": 410.399994, "volume": 427968, "typical_volume": 273279.6, "trend": 443.282471, "fair_value": 447.296324, "relative_strength": -15.361235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.000175, "energy": 40.15051, "activity_lines": [ 416.02667, 418.03273, 427.03602, 435.313574 ] }, { "date": "2026-07-17", "close": 396.200012, "volume": 237703, "typical_volume": 265163.8, "trend": 441.925488, "fair_value": 447.369813, "relative_strength": -16.942894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.800627, "energy": 43.924454, "activity_lines": [ 410.093339, 413.469096, 423.26332, 432.275996 ] }, { "date": "2026-07-24", "close": 385.799988, "volume": 275326, "typical_volume": 265547.7, "trend": 440.327372, "fair_value": 447.405635, "relative_strength": -19.886529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.468913, "energy": 54.816163, "activity_lines": [ 401.76, 407.698184, 418.959714, 428.654996 ] }, { "date": "2026-07-31", "close": 394.399994, "volume": 239672, "typical_volume": 261899.15, "trend": 438.890602, "fair_value": 447.554586, "relative_strength": -18.772222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.947303, "energy": 69.495309, "activity_lines": [ 397.346663, 404.218182, 415.852337, 425.691939 ] }, { "date": "2026-08-07", "close": 403.399994, "volume": 222400, "typical_volume": 261347.15, "trend": 436.922754, "fair_value": 447.73948, "relative_strength": -18.030647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.844206, "energy": 67.69448, "activity_lines": [ 396.986662, 403.06909, 413.835623, 423.402223 ] } ], "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." } } }