{ "ticker": { "uuid": "883ef10e-44bf-41b6-bbc8-515931d78df6", "symbol": "TFII", "name": "TFI International Inc.", "exchange": "TOR", "country": "CA", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 37.147, "architecture_energy": 23.423, "architecture_maturity": 68.453, "architecture_confidence": 95.179, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 38.77, "rotation_up": 31.9, "upward_expansion": 60.48, "deceleration": 85.38, "rotation_down": 30.04, "downward_expansion": 21.82 }, "activity_lines": [ 201.437332, 204.513607, 203.111906, 193.607575 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 196.139999, "trend_reference": 181.200857, "distance_from_trend": 0.082445, "trend_direction": "Improving", "fair_value": 164.405905, "distance_from_fair_value": 0.193023, "fair_value_direction": "Improving", "relative_strength": 10.386426, "relative_strength_direction": "Weakening", "price_momentum": 0.183308, "excess_performance": 0.062887, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.082445, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.157133, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.193023, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004618, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.103864, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.123662, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.183308, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.482441, "read": "Demand-led" } ], "volume": { "latest": 1161100, "relative_activity": 1.214095, "balance": 2.482441, "dry_up": 1.312647, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.067648, "annualized_volatility": 0.376312, "from_high_reference": -0.12635, "from_low_reference": 0.740331 }, "levels": { "trend_reference": 181.200857, "fair_value_reference": 164.405905, "structural_low": 133.072373, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.042851, "positive_rate": 0.705882, "directional_follow_through": 0.705882, "median_excess_return": 0.042069, "regime_survival": 0.470588, "best_return": 0.332714, "worst_return": -0.085973, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.071798, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": 0.038289, "regime_survival": 0.25, "best_return": 0.505367, "worst_return": -0.005545, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.163094, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.051212, "regime_survival": 0.166667, "best_return": 0.273426, "worst_return": -0.192658, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.213675, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.200315, "regime_survival": 0.5, "best_return": 0.683893, "worst_return": 0.012712, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": 0.058547, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-11-29", "tenure": "New", "return": 0.052743, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.098473, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": -0.041022, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-06-20", "tenure": "Established", "return": -0.332979, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.000943, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-08-29", "tenure": "Developing", "return": 0.074307, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-12", "tenure": "New", "return": -0.030455, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": -0.005927, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-12-12", "tenure": "Developing", "return": 0.166612, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-13", "tenure": "Established", "return": -0.023456, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.332714, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-10", "tenure": "Developing", "return": 0.101704, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.102663, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 169.016647, "volume": 961400, "typical_volume": 1175730.0, "trend": 149.44632, "fair_value": 113.824905, "relative_strength": 21.217823, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.6786, "energy": 86.849143, "activity_lines": [ 167.423124, 158.785891, 150.584263, 149.543213 ] }, { "date": "2023-08-25", "close": 166.159424, "volume": 727300, "typical_volume": 1166965.0, "trend": 150.366903, "fair_value": 114.541497, "relative_strength": 18.510659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.184188, "energy": 83.681307, "activity_lines": [ 167.850747, 161.393047, 152.418792, 150.621478 ] }, { "date": "2023-09-01", "close": 179.227829, "volume": 1384000, "typical_volume": 1198905.0, "trend": 151.280257, "fair_value": 115.352336, "relative_strength": 22.731184, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.093287, "energy": 88.899665, "activity_lines": [ 171.85596, 165.794912, 155.390594, 152.483473 ] }, { "date": "2023-09-08", "close": 172.247803, "volume": 711100, "typical_volume": 1192965.0, "trend": 151.724593, "fair_value": 116.115176, "relative_strength": 20.048659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.78641, "energy": 69.34994, "activity_lines": [ 172.36924, 168.094109, 157.559016, 153.836218 ] }, { "date": "2023-09-15", "close": 170.10968, "volume": 1352500, "typical_volume": 1145360.0, "trend": 152.006166, "fair_value": 116.876442, "relative_strength": 14.762866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.213115, "energy": 56.109786, "activity_lines": [ 171.903906, 169.50389, 159.437048, 155.022353 ] }, { "date": "2023-09-22", "close": 168.844055, "volume": 647500, "typical_volume": 1113980.0, "trend": 152.341809, "fair_value": 117.634568, "relative_strength": 18.063554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.626641, "energy": 51.198334, "activity_lines": [ 171.067832, 170.187424, 161.049142, 156.108668 ] }, { "date": "2023-09-29", "close": 167.713257, "volume": 1200300, "typical_volume": 1127525.0, "trend": 152.513957, "fair_value": 118.368933, "relative_strength": 18.031649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.961138, "energy": 39.201559, "activity_lines": [ 169.866332, 170.117624, 162.396415, 157.100374 ] }, { "date": "2023-10-06", "close": 163.944412, "volume": 1297400, "typical_volume": 1148635.0, "trend": 152.645615, "fair_value": 119.046793, "relative_strength": 16.562012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.255556, "energy": 29.12391, "activity_lines": [ 167.304961, 169.121997, 163.2463, 157.837823 ] }, { "date": "2023-10-13", "close": 159.502563, "volume": 650900, "typical_volume": 1147270.0, "trend": 152.895107, "fair_value": 119.685, "relative_strength": 11.697477, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.943166, "energy": 21.754966, "activity_lines": [ 164.281868, 167.278845, 163.56257, 158.280207 ] }, { "date": "2023-10-20", "close": 156.137512, "volume": 1084100, "typical_volume": 1152845.0, "trend": 153.199212, "fair_value": 120.293133, "relative_strength": 10.816199, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.349066, "energy": 21.443712, "activity_lines": [ 160.986774, 164.983076, 163.472891, 158.489394 ] }, { "date": "2023-10-27", "close": 143.504211, "volume": 1891300, "typical_volume": 1206970.0, "trend": 152.844273, "fair_value": 120.860301, "relative_strength": 3.429376, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -19.145814, "energy": 30.363788, "activity_lines": [ 154.412058, 160.65833, 162.111141, 157.86391 ] }, { "date": "2023-11-03", "close": 149.849701, "volume": 1152200, "typical_volume": 1177765.0, "trend": 153.051972, "fair_value": 121.452864, "relative_strength": 1.683403, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.956564, "energy": 37.236641, "activity_lines": [ 151.641828, 157.951171, 161.308296, 157.670712 ] }, { "date": "2023-11-10", "close": 147.859528, "volume": 630100, "typical_volume": 1145035.0, "trend": 152.97667, "fair_value": 122.007636, "relative_strength": 0.933057, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.873102, "energy": 50.757428, "activity_lines": [ 149.399111, 155.178703, 160.241314, 157.335716 ] }, { "date": "2023-11-17", "close": 149.369003, "volume": 928300, "typical_volume": 1120980.0, "trend": 152.821365, "fair_value": 122.566434, "relative_strength": -0.860675, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.65801, "energy": 50.419019, "activity_lines": [ 148.731878, 153.251018, 159.249148, 157.102963 ] }, { "date": "2023-11-24", "close": 152.916687, "volume": 553600, "typical_volume": 1115980.0, "trend": 153.266075, "fair_value": 123.153802, "relative_strength": 1.583159, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.512802, "energy": 32.484137, "activity_lines": [ 149.922776, 152.384344, 158.572677, 157.109113 ] }, { "date": "2023-12-01", "close": 157.93541, "volume": 1119300, "typical_volume": 1118465.0, "trend": 154.002338, "fair_value": 123.769952, "relative_strength": 2.827304, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.405544, "energy": 13.539802, "activity_lines": [ 153.001304, 152.742765, 158.326111, 157.41036 ] }, { "date": "2023-12-08", "close": 150.695786, "volume": 866400, "typical_volume": 1077655.0, "trend": 154.404242, "fair_value": 124.330418, "relative_strength": -1.467867, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.669434, "energy": 10.046503, "activity_lines": [ 152.704544, 151.98323, 157.298548, 157.197034 ] }, { "date": "2023-12-15", "close": 152.743652, "volume": 1327500, "typical_volume": 1068840.0, "trend": 154.804948, "fair_value": 124.920244, "relative_strength": -1.188885, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.89725, "energy": 8.337165, "activity_lines": [ 153.034001, 151.905443, 156.484046, 157.0899 ] }, { "date": "2023-12-22", "close": 168.530441, "volume": 1122600, "typical_volume": 1016650.0, "trend": 155.704162, "fair_value": 125.607462, "relative_strength": 6.81637, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.724176, "energy": 17.892099, "activity_lines": [ 158.300112, 154.901631, 157.215931, 157.975415 ] }, { "date": "2023-12-29", "close": 173.793869, "volume": 588800, "typical_volume": 1009830.0, "trend": 156.774999, "fair_value": 126.330152, "relative_strength": 9.294537, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.154816, "energy": 37.796792, "activity_lines": [ 164.04327, 158.690663, 158.447803, 159.142493 ] }, { "date": "2024-01-05", "close": 169.47406, "volume": 636200, "typical_volume": 993570.0, "trend": 157.958652, "fair_value": 126.99278, "relative_strength": 6.311472, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.637501, "energy": 51.065146, "activity_lines": [ 166.954679, 161.373251, 159.254373, 159.961787 ] }, { "date": "2024-01-12", "close": 176.628693, "volume": 565400, "typical_volume": 985475.0, "trend": 159.373463, "fair_value": 127.730596, "relative_strength": 10.054162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.548679, "energy": 69.729366, "activity_lines": [ 171.481723, 164.884502, 160.740158, 161.166306 ] }, { "date": "2024-01-19", "close": 170.669708, "volume": 756000, "typical_volume": 954075.0, "trend": 160.616407, "fair_value": 128.435887, "relative_strength": 6.378118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.776444, "energy": 66.72545, "activity_lines": [ 172.293578, 166.82541, 161.608568, 161.895096 ] }, { "date": "2024-01-26", "close": 173.94812, "volume": 699900, "typical_volume": 953515.0, "trend": 161.590973, "fair_value": 129.043641, "relative_strength": 6.884513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.849547, "energy": 69.320669, "activity_lines": [ 173.003167, 168.947662, 162.82996, 162.755207 ] }, { "date": "2024-02-02", "close": 172.299255, "volume": 1045000, "typical_volume": 938140.0, "trend": 162.573537, "fair_value": 129.599078, "relative_strength": 5.846616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.671015, "energy": 57.729713, "activity_lines": [ 172.801955, 170.323228, 163.886221, 163.446064 ] }, { "date": "2024-02-09", "close": 184.73793, "volume": 1359600, "typical_volume": 973745.0, "trend": 164.107512, "fair_value": 130.204747, "relative_strength": 13.589295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.126754, "energy": 59.430272, "activity_lines": [ 176.846609, 173.607961, 166.116691, 164.876024 ] }, { "date": "2024-02-16", "close": 190.012283, "volume": 1252900, "typical_volume": 976375.0, "trend": 165.29188, "fair_value": 130.87773, "relative_strength": 15.177085, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.544216, "energy": 76.486877, "activity_lines": [ 181.63179, 177.364349, 168.773795, 166.5473 ] }, { "date": "2024-02-23", "close": 193.502808, "volume": 409500, "typical_volume": 931980.0, "trend": 166.350341, "fair_value": 131.587244, "relative_strength": 16.089074, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.185987, "energy": 84.05417, "activity_lines": [ 186.688239, 181.040532, 171.657144, 168.36736 ] }, { "date": "2024-03-01", "close": 193.956009, "volume": 917900, "typical_volume": 945330.0, "trend": 167.206902, "fair_value": 132.288195, "relative_strength": 15.295673, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.891806, "energy": 87.490454, "activity_lines": [ 190.373549, 184.058039, 174.442901, 170.148371 ] }, { "date": "2024-03-08", "close": 193.454605, "volume": 884200, "typical_volume": 935335.0, "trend": 167.959498, "fair_value": 132.980975, "relative_strength": 13.791638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.80349, "energy": 87.070473, "activity_lines": [ 192.557865, 186.5221, 177.016841, 171.841771 ] }, { "date": "2024-03-15", "close": 197.504379, "volume": 803700, "typical_volume": 880955.0, "trend": 168.909089, "fair_value": 133.682694, "relative_strength": 15.24023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.156455, "energy": 88.099589, "activity_lines": [ 194.681749, 189.365015, 179.798774, 173.747892 ] }, { "date": "2024-03-22", "close": 211.225494, "volume": 834800, "typical_volume": 865085.0, "trend": 170.411291, "fair_value": 134.492377, "relative_strength": 21.871644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.923147, "energy": 94.668225, "activity_lines": [ 200.528242, 194.193035, 183.630335, 176.477983 ] }, { "date": "2024-03-29", "close": 208.80011, "volume": 587200, "typical_volume": 862940.0, "trend": 171.397034, "fair_value": 135.253855, "relative_strength": 18.970358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.750144, "energy": 91.299884, "activity_lines": [ 204.152059, 197.951045, 186.938643, 178.954681 ] }, { "date": "2024-04-05", "close": 208.771149, "volume": 968500, "typical_volume": 864950.0, "trend": 172.614479, "fair_value": 136.021559, "relative_strength": 17.785215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.970022, "energy": 87.65416, "activity_lines": [ 206.746402, 201.010508, 189.953998, 181.365914 ] }, { "date": "2024-04-12", "close": 207.804474, "volume": 864800, "typical_volume": 880510.0, "trend": 173.870972, "fair_value": 136.774199, "relative_strength": 18.562154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.895702, "energy": 83.47185, "activity_lines": [ 208.030844, 203.261067, 192.594422, 183.636236 ] }, { "date": "2024-04-19", "close": 190.095123, "volume": 1526400, "typical_volume": 900865.0, "trend": 174.579341, "fair_value": 137.400435, "relative_strength": 8.586379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.867366, "energy": 55.677701, "activity_lines": [ 202.455511, 201.646194, 193.286871, 184.682956 ] }, { "date": "2024-04-26", "close": 181.607773, "volume": 1570500, "typical_volume": 936070.0, "trend": 175.042492, "fair_value": 137.919301, "relative_strength": 2.604796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.885292, "energy": 24.617189, "activity_lines": [ 194.545012, 198.390763, 193.017859, 185.136403 ] }, { "date": "2024-05-03", "close": 177.982773, "volume": 1548200, "typical_volume": 947105.0, "trend": 175.510437, "fair_value": 138.416068, "relative_strength": 0.298379, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.536524, "energy": 23.540354, "activity_lines": [ 187.400695, 194.62905, 192.256409, 185.326099 ] }, { "date": "2024-05-10", "close": 181.975113, "volume": 1165600, "typical_volume": 949255.0, "trend": 176.259522, "fair_value": 138.933273, "relative_strength": 0.559365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.124883, "energy": 30.033799, "activity_lines": [ 183.641646, 191.8754, 191.754996, 185.743174 ] }, { "date": "2024-05-17", "close": 175.421112, "volume": 828600, "typical_volume": 961245.0, "trend": 176.902309, "fair_value": 139.39145, "relative_strength": -3.941205, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.012582, "energy": 35.417903, "activity_lines": [ 179.484333, 188.147948, 190.56537, 185.689083 ] }, { "date": "2024-05-24", "close": 176.223434, "volume": 597900, "typical_volume": 959330.0, "trend": 177.992949, "fair_value": 139.827269, "relative_strength": -3.0581, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.500355, "energy": 40.649014, "activity_lines": [ 177.753352, 184.894254, 189.444406, 185.645285 ] }, { "date": "2024-05-31", "close": 174.328766, "volume": 950500, "typical_volume": 978585.0, "trend": 178.808918, "fair_value": 140.26017, "relative_strength": -4.048031, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.513389, "energy": 53.287781, "activity_lines": [ 176.315593, 181.683001, 188.110859, 185.408886 ] }, { "date": "2024-06-07", "close": 187.291794, "volume": 1146500, "typical_volume": 998110.0, "trend": 180.123327, "fair_value": 140.783657, "relative_strength": 3.879805, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.679695, "energy": 26.631208, "activity_lines": [ 179.684112, 181.499513, 188.022837, 185.956168 ] }, { "date": "2024-06-14", "close": 182.603455, "volume": 1111000, "typical_volume": 1018665.0, "trend": 181.231142, "fair_value": 141.295663, "relative_strength": 2.586927, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.905173, "energy": 14.30978, "activity_lines": [ 180.869249, 180.854659, 187.409154, 186.116177 ] }, { "date": "2024-06-21", "close": 181.375793, "volume": 1267300, "typical_volume": 1029780.0, "trend": 182.179779, "fair_value": 141.779549, "relative_strength": 1.926933, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -4.612507, "energy": 9.438125, "activity_lines": [ 181.603276, 180.46237, 186.637335, 186.125509 ] }, { "date": "2024-06-28", "close": 192.564255, "volume": 1098000, "typical_volume": 1016700.0, "trend": 183.334074, "fair_value": 142.331592, "relative_strength": 6.225485, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 19.190134, "energy": 17.84, "activity_lines": [ 185.669811, 182.584868, 186.887862, 186.795475 ] }, { "date": "2024-07-05", "close": 194.105652, "volume": 699700, "typical_volume": 989040.0, "trend": 184.781069, "fair_value": 142.885107, "relative_strength": 5.794328, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.719121, "energy": 25.555981, "activity_lines": [ 189.160758, 184.942727, 187.247921, 187.490416 ] }, { "date": "2024-07-12", "close": 197.692459, "volume": 866700, "typical_volume": 1011900.0, "trend": 186.279363, "fair_value": 143.415003, "relative_strength": 4.377046, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.598031, "energy": 33.216305, "activity_lines": [ 192.528847, 187.725499, 187.930088, 188.323409 ] }, { "date": "2024-07-19", "close": 204.623779, "volume": 1250300, "typical_volume": 1028520.0, "trend": 187.482474, "fair_value": 143.943441, "relative_strength": 7.584686, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.224378, "energy": 59.633594, "activity_lines": [ 197.513999, 191.410153, 189.252431, 189.506919 ] }, { "date": "2024-07-26", "close": 206.048813, "volume": 1170000, "typical_volume": 1042810.0, "trend": 188.557639, "fair_value": 144.425394, "relative_strength": 7.460041, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.771311, "energy": 74.040766, "activity_lines": [ 201.506141, 194.94211, 190.659691, 190.704748 ] }, { "date": "2024-08-02", "close": 197.537369, "volume": 1082700, "typical_volume": 1056760.0, "trend": 189.493083, "fair_value": 144.851524, "relative_strength": 5.604404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.724811, "energy": 64.850853, "activity_lines": [ 201.016267, 196.369664, 191.196366, 191.284085 ] }, { "date": "2024-08-09", "close": 191.953522, "volume": 498100, "typical_volume": 1039925.0, "trend": 190.00391, "fair_value": 145.242341, "relative_strength": 2.180516, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.807587, "energy": 49.27549, "activity_lines": [ 198.333569, 196.394448, 191.201089, 191.442823 ] }, { "date": "2024-08-16", "close": 194.735764, "volume": 466400, "typical_volume": 1033885.0, "trend": 190.806112, "fair_value": 145.664207, "relative_strength": 0.338113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.618094, "energy": 26.638349, "activity_lines": [ 196.721761, 196.604643, 191.562558, 191.748104 ] }, { "date": "2024-08-23", "close": 196.626099, "volume": 571900, "typical_volume": 1014055.0, "trend": 191.562045, "fair_value": 146.068699, "relative_strength": 0.289522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.790905, "energy": 17.800549, "activity_lines": [ 195.937178, 197.023191, 192.171032, 192.123587 ] }, { "date": "2024-08-30", "close": 193.349503, "volume": 514900, "typical_volume": 996560.0, "trend": 192.26372, "fair_value": 146.443357, "relative_strength": -1.536255, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.506062, "energy": 8.896068, "activity_lines": [ 194.593574, 196.591037, 192.525283, 192.238907 ] }, { "date": "2024-09-06", "close": 184.014069, "volume": 420700, "typical_volume": 941275.0, "trend": 192.239591, "fair_value": 146.760155, "relative_strength": -3.856529, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.14174, "energy": 16.317282, "activity_lines": [ 190.98478, 194.243827, 192.059279, 191.706671 ] }, { "date": "2024-09-13", "close": 188.473358, "volume": 492700, "typical_volume": 887385.0, "trend": 192.188294, "fair_value": 147.102955, "relative_strength": -4.761142, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.717343, "energy": 14.773133, "activity_lines": [ 189.763969, 192.862855, 192.046926, 191.463689 ] }, { "date": "2024-09-20", "close": 191.129562, "volume": 877300, "typical_volume": 853840.0, "trend": 192.109185, "fair_value": 147.519004, "relative_strength": -4.512131, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.542144, "energy": 17.06039, "activity_lines": [ 189.66057, 192.067235, 192.254851, 191.395383 ] }, { "date": "2024-09-27", "close": 180.846008, "volume": 1238800, "typical_volume": 857500.0, "trend": 191.672185, "fair_value": 147.899405, "relative_strength": -9.773069, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.735285, "energy": 38.321539, "activity_lines": [ 186.369734, 189.521203, 191.420787, 190.668727 ] }, { "date": "2024-10-04", "close": 179.280869, "volume": 880900, "typical_volume": 860115.0, "trend": 191.199727, "fair_value": 148.270615, "relative_strength": -11.092003, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.838987, "energy": 49.995017, "activity_lines": [ 183.60919, 187.122924, 190.443038, 189.869287 ] }, { "date": "2024-10-11", "close": 186.134415, "volume": 725200, "typical_volume": 866480.0, "trend": 190.820729, "fair_value": 148.642538, "relative_strength": -8.732663, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.988012, "energy": 42.438842, "activity_lines": [ 184.07107, 186.457433, 190.099629, 189.542493 ] }, { "date": "2024-10-18", "close": 184.656799, "volume": 563600, "typical_volume": 847135.0, "trend": 189.935105, "fair_value": 148.945878, "relative_strength": -10.58819, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.426793, "energy": 44.99572, "activity_lines": [ 183.899056, 185.730612, 189.568299, 189.14482 ] }, { "date": "2024-10-25", "close": 180.700195, "volume": 1043300, "typical_volume": 841975.0, "trend": 188.998442, "fair_value": 149.27815, "relative_strength": -11.164825, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.534296, "energy": 36.197492, "activity_lines": [ 182.662611, 184.417075, 188.610968, 188.549019 ] }, { "date": "2024-11-01", "close": 179.16423, "volume": 712700, "typical_volume": 822060.0, "trend": 188.011544, "fair_value": 149.571984, "relative_strength": -11.127426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.628045, "energy": 35.957003, "activity_lines": [ 181.609468, 183.079465, 187.538744, 187.914554 ] }, { "date": "2024-11-08", "close": 197.032043, "volume": 1066800, "typical_volume": 812035.0, "trend": 187.652463, "fair_value": 149.973855, "relative_strength": -4.350829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 10.188974, "energy": 7.402871, "activity_lines": [ 186.624382, 185.308036, 188.184593, 188.496521 ] }, { "date": "2024-11-15", "close": 196.847336, "volume": 643100, "typical_volume": 789290.0, "trend": 187.877537, "fair_value": 150.407046, "relative_strength": -5.05542, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.608985, "energy": 13.672177, "activity_lines": [ 190.394315, 187.436069, 188.738297, 189.089739 ] }, { "date": "2024-11-22", "close": 201.834381, "volume": 580000, "typical_volume": 783305.0, "trend": 188.551757, "fair_value": 150.837895, "relative_strength": -4.839693, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.077385, "energy": 36.085698, "activity_lines": [ 195.112402, 190.237505, 189.746563, 189.990181 ] }, { "date": "2024-11-29", "close": 207.229721, "volume": 618200, "typical_volume": 770880.0, "trend": 189.526656, "fair_value": 151.367918, "relative_strength": -3.151844, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.582099, "energy": 59.288296, "activity_lines": [ 200.483764, 193.776985, 191.231867, 191.19521 ] }, { "date": "2024-12-06", "close": 209.028183, "volume": 816100, "typical_volume": 749170.0, "trend": 190.428425, "fair_value": 151.878591, "relative_strength": -2.640378, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.781451, "energy": 74.926387, "activity_lines": [ 204.685977, 197.350727, 192.843038, 192.453374 ] }, { "date": "2024-12-13", "close": 211.808487, "volume": 652000, "typical_volume": 723270.0, "trend": 191.641337, "fair_value": 152.41479, "relative_strength": 0.06778, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.763371, "energy": 79.962442, "activity_lines": [ 207.824029, 200.917576, 194.698026, 193.832732 ] }, { "date": "2024-12-20", "close": 193.396271, "volume": 903300, "typical_volume": 714300.0, "trend": 192.213765, "fair_value": 152.805153, "relative_strength": -6.079483, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.51225, "energy": 60.307471, "activity_lines": [ 203.839578, 200.545339, 194.772042, 193.945954 ] }, { "date": "2024-12-27", "close": 193.124084, "volume": 684500, "typical_volume": 723620.0, "trend": 192.840276, "fair_value": 153.18708, "relative_strength": -6.848567, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.444261, "energy": 31.463401, "activity_lines": [ 199.99447, 199.991578, 194.839856, 194.004684 ] }, { "date": "2025-01-03", "close": 188.444458, "volume": 744200, "typical_volume": 737510.0, "trend": 192.878698, "fair_value": 153.610573, "relative_strength": -9.990476, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.769257, "energy": 14.421697, "activity_lines": [ 195.170173, 198.433027, 194.456417, 193.721083 ] }, { "date": "2025-01-10", "close": 187.839752, "volume": 675300, "typical_volume": 742680.0, "trend": 193.053241, "fair_value": 154.08335, "relative_strength": -8.997433, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.596921, "energy": 22.230467, "activity_lines": [ 191.396658, 196.623723, 194.045345, 193.39599 ] }, { "date": "2025-01-17", "close": 189.449112, "volume": 617400, "typical_volume": 747805.0, "trend": 193.322352, "fair_value": 154.563426, "relative_strength": -9.189894, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.821338, "energy": 24.447993, "activity_lines": [ 189.572159, 194.949294, 193.829386, 193.163465 ] }, { "date": "2025-01-24", "close": 189.507629, "volume": 537800, "typical_volume": 753660.0, "trend": 193.220464, "fair_value": 155.053712, "relative_strength": -10.426468, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.310332, "energy": 27.794077, "activity_lines": [ 189.25779, 193.423376, 193.637573, 192.917354 ] }, { "date": "2025-01-31", "close": 186.825317, "volume": 645700, "typical_volume": 761310.0, "trend": 192.977786, "fair_value": 155.4941, "relative_strength": -11.743105, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.59169, "energy": 29.600978, "activity_lines": [ 188.30856, 191.543214, 193.164142, 192.504764 ] }, { "date": "2025-02-07", "close": 180.134186, "volume": 600100, "typical_volume": 747450.0, "trend": 192.39251, "fair_value": 155.825403, "relative_strength": -14.261642, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.821128, "energy": 53.614055, "activity_lines": [ 185.548871, 188.719375, 192.061308, 191.676145 ] }, { "date": "2025-02-14", "close": 178.007843, "volume": 513900, "typical_volume": 711205.0, "trend": 191.505313, "fair_value": 156.1794, "relative_strength": -15.020978, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.324451, "energy": 63.46262, "activity_lines": [ 182.634419, 186.001574, 190.808324, 190.748102 ] }, { "date": "2025-02-21", "close": 131.481964, "volume": 2514600, "typical_volume": 792890.0, "trend": 189.019751, "fair_value": 156.229844, "relative_strength": -35.82099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.50358, "energy": 94.054314, "activity_lines": [ 164.866801, 175.388529, 185.137819, 186.875628 ] }, { "date": "2025-02-28", "close": 127.970558, "volume": 2349400, "typical_volume": 874100.0, "trend": 186.700857, "fair_value": 156.257961, "relative_strength": -37.557681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.76777, "energy": 98.06707, "activity_lines": [ 149.793191, 165.597528, 179.360508, 182.93697 ] }, { "date": "2025-03-07", "close": 117.485176, "volume": 2038000, "typical_volume": 947820.0, "trend": 184.218579, "fair_value": 156.297064, "relative_strength": -40.616535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.903501, "energy": 98.074571, "activity_lines": [ 135.326925, 155.089653, 172.86156, 178.471442 ] }, { "date": "2025-03-14", "close": 115.583183, "volume": 2098400, "typical_volume": 1000575.0, "trend": 181.58016, "fair_value": 156.222483, "relative_strength": -40.468532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.646388, "energy": 95.283466, "activity_lines": [ 124.849338, 145.611214, 166.501335, 174.043352 ] }, { "date": "2025-03-21", "close": 114.598038, "volume": 1509900, "typical_volume": 1040435.0, "trend": 178.845891, "fair_value": 156.164033, "relative_strength": -41.24006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.251318, "energy": 92.349259, "activity_lines": [ 118.346769, 137.278407, 160.357368, 169.721925 ] }, { "date": "2025-03-28", "close": 107.487488, "volume": 1606800, "typical_volume": 1067435.0, "trend": 175.983824, "fair_value": 156.093296, "relative_strength": -43.716396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.621693, "energy": 93.798929, "activity_lines": [ 113.701337, 128.984441, 153.843663, 165.118157 ] }, { "date": "2025-04-04", "close": 110.88607, "volume": 2226000, "typical_volume": 1146580.0, "trend": 173.546224, "fair_value": 156.175971, "relative_strength": -37.29871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.75595, "energy": 87.785303, "activity_lines": [ 111.788397, 122.798611, 148.080036, 160.918302 ] }, { "date": "2025-04-11", "close": 110.738914, "volume": 2111400, "typical_volume": 1223150.0, "trend": 170.955076, "fair_value": 156.26599, "relative_strength": -37.67509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.067797, "energy": 68.74565, "activity_lines": [ 110.965372, 118.015508, 142.711733, 156.866217 ] }, { "date": "2025-04-18", "close": 105.470299, "volume": 1550500, "typical_volume": 1269765.0, "trend": 168.099767, "fair_value": 156.302879, "relative_strength": -41.473682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.863722, "energy": 70.232405, "activity_lines": [ 108.835892, 113.657863, 137.275445, 152.641393 ] }, { "date": "2025-04-25", "close": 108.394043, "volume": 2110400, "typical_volume": 1334480.0, "trend": 165.684701, "fair_value": 156.372605, "relative_strength": -40.515584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.26241, "energy": 65.741876, "activity_lines": [ 108.355185, 111.189334, 132.602178, 148.789411 ] }, { "date": "2025-05-02", "close": 111.455124, "volume": 1251300, "typical_volume": 1364445.0, "trend": 163.423843, "fair_value": 156.431707, "relative_strength": -39.038726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.188751, "energy": 63.579665, "activity_lines": [ 109.308439, 110.543071, 128.699652, 145.290728 ] }, { "date": "2025-05-09", "close": 112.828697, "volume": 1295500, "typical_volume": 1384055.0, "trend": 160.980319, "fair_value": 156.522783, "relative_strength": -38.480769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.753201, "energy": 60.681095, "activity_lines": [ 110.455041, 110.510672, 125.405816, 142.026525 ] }, { "date": "2025-05-16", "close": 123.86628, "volume": 1919900, "typical_volume": 1445825.0, "trend": 158.953969, "fair_value": 156.701065, "relative_strength": -33.522553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.258135, "energy": 46.195473, "activity_lines": [ 115.15133, 112.760413, 123.546833, 139.632071 ] }, { "date": "2025-05-23", "close": 116.537331, "volume": 738700, "typical_volume": 1445550.0, "trend": 156.815207, "fair_value": 156.822265, "relative_strength": -36.657879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.986204, "energy": 45.210393, "activity_lines": [ 116.529477, 113.561598, 121.319655, 136.895514 ] }, { "date": "2025-05-30", "close": 116.252792, "volume": 1486500, "typical_volume": 1486110.0, "trend": 154.718159, "fair_value": 156.925733, "relative_strength": -36.947219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.955996, "energy": 40.260418, "activity_lines": [ 117.074976, 114.293701, 119.407792, 134.278584 ] }, { "date": "2025-06-06", "close": 117.802963, "volume": 1385800, "typical_volume": 1524530.0, "trend": 152.077189, "fair_value": 157.085593, "relative_strength": -36.012418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.222465, "energy": 36.032675, "activity_lines": [ 117.613282, 115.277566, 117.984455, 131.896958 ] }, { "date": "2025-06-13", "close": 119.882942, "volume": 2232000, "typical_volume": 1609240.0, "trend": 149.51171, "fair_value": 157.279052, "relative_strength": -34.358081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.510548, "energy": 35.034926, "activity_lines": [ 118.421725, 116.452055, 117.100383, 129.81991 ] }, { "date": "2025-06-20", "close": 118.735023, "volume": 1125000, "typical_volume": 1633205.0, "trend": 146.741731, "fair_value": 157.427164, "relative_strength": -34.2481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.987549, "energy": 28.116253, "activity_lines": [ 118.377246, 117.254252, 116.438532, 127.834318 ] }, { "date": "2025-06-27", "close": 121.285942, "volume": 1991400, "typical_volume": 1702770.0, "trend": 143.876938, "fair_value": 157.57743, "relative_strength": -32.514383, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -24.635048, "energy": 22.770037, "activity_lines": [ 119.525156, 118.374869, 116.343865, 126.192009 ] }, { "date": "2025-07-04", "close": 125.600815, "volume": 706500, "typical_volume": 1712400.0, "trend": 141.096026, "fair_value": 157.713049, "relative_strength": -30.211504, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -14.678739, "energy": 14.73831, "activity_lines": [ 121.794784, 119.992451, 116.940368, 125.012904 ] }, { "date": "2025-07-11", "close": 121.400322, "volume": 1226700, "typical_volume": 1648005.0, "trend": 138.082421, "fair_value": 157.814215, "relative_strength": -31.641419, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -13.986652, "energy": 14.36304, "activity_lines": [ 122.041046, 120.533457, 117.386381, 123.742213 ] }, { "date": "2025-07-18", "close": 119.428253, "volume": 861000, "typical_volume": 1573585.0, "trend": 135.61682, "fair_value": 157.872936, "relative_strength": -32.550648, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.313693, "energy": 13.22943, "activity_lines": [ 121.390127, 120.535083, 117.692586, 122.538719 ] }, { "date": "2025-07-25", "close": 126.340347, "volume": 1157400, "typical_volume": 1529555.0, "trend": 133.390695, "fair_value": 157.906464, "relative_strength": -28.169775, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 4.142418, "energy": 12.910155, "activity_lines": [ 123.073552, 121.673461, 118.697764, 121.940236 ] }, { "date": "2025-08-01", "close": 115.710907, "volume": 2523800, "typical_volume": 1550825.0, "trend": 130.966244, "fair_value": 157.814311, "relative_strength": -32.119424, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.970325, "energy": 17.428851, "activity_lines": [ 120.706809, 120.834231, 118.648446, 120.799605 ] }, { "date": "2025-08-08", "close": 116.844849, "volume": 913500, "typical_volume": 1521005.0, "trend": 128.599747, "fair_value": 157.730338, "relative_strength": -32.371463, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.245994, "energy": 20.254215, "activity_lines": [ 119.089716, 120.216198, 118.706515, 119.888547 ] }, { "date": "2025-08-15", "close": 123.579445, "volume": 1137700, "typical_volume": 1497550.0, "trend": 126.404091, "fair_value": 157.71764, "relative_strength": -27.955385, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.157563, "energy": 9.649867, "activity_lines": [ 120.301219, 120.811872, 119.395274, 119.564657 ] }, { "date": "2025-08-22", "close": 131.990326, "volume": 1439900, "typical_volume": 1458245.0, "trend": 124.486848, "fair_value": 157.714243, "relative_strength": -23.304998, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 21.896172, "energy": 15.359071, "activity_lines": [ 124.171075, 122.831771, 120.808442, 119.925059 ] }, { "date": "2025-08-29", "close": 128.302551, "volume": 1074000, "typical_volume": 1406375.0, "trend": 122.536089, "fair_value": 157.712579, "relative_strength": -25.153642, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.602562, "energy": 44.327033, "activity_lines": [ 125.9742, 123.96103, 121.769896, 120.171233 ] }, { "date": "2025-09-05", "close": 131.773376, "volume": 977600, "typical_volume": 1377730.0, "trend": 120.924062, "fair_value": 157.730554, "relative_strength": -23.547573, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.545879, "energy": 58.044532, "activity_lines": [ 128.803453, 125.547394, 122.978269, 120.767187 ] }, { "date": "2025-09-12", "close": 127.760231, "volume": 863500, "typical_volume": 1315385.0, "trend": 119.249142, "fair_value": 157.78502, "relative_strength": -25.589764, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.713235, "energy": 64.538084, "activity_lines": [ 129.224161, 126.213414, 123.679184, 121.208231 ] }, { "date": "2025-09-19", "close": 126.80378, "volume": 1860400, "typical_volume": 1345840.0, "trend": 119.093202, "fair_value": 157.847681, "relative_strength": -26.444784, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.13066, "energy": 50.354391, "activity_lines": [ 128.598359, 126.666273, 124.196789, 121.695627 ] }, { "date": "2025-09-26", "close": 122.01165, "volume": 1130200, "typical_volume": 1337575.0, "trend": 118.894572, "fair_value": 157.868797, "relative_strength": -28.387446, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.363357, "energy": 27.960831, "activity_lines": [ 126.160224, 126.14959, 124.184912, 121.883914 ] }, { "date": "2025-10-03", "close": 126.052185, "volume": 1050800, "typical_volume": 1294120.0, "trend": 119.180139, "fair_value": 157.888908, "relative_strength": -26.934962, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.541581, "energy": 17.544435, "activity_lines": [ 125.73418, 126.320578, 124.51412, 122.345695 ] }, { "date": "2025-10-10", "close": 120.095947, "volume": 1217000, "typical_volume": 1318035.0, "trend": 119.330564, "fair_value": 157.87315, "relative_strength": -28.064241, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.805838, "energy": 14.648619, "activity_lines": [ 123.472748, 125.413854, 124.265658, 122.404779 ] }, { "date": "2025-10-17", "close": 131.324585, "volume": 1320000, "typical_volume": 1309710.0, "trend": 119.888116, "fair_value": 157.940268, "relative_strength": -21.177383, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.678228, "energy": 18.697436, "activity_lines": [ 125.73269, 126.468973, 125.069644, 123.178587 ] }, { "date": "2025-10-24", "close": 125.764778, "volume": 1244800, "typical_volume": 1302660.0, "trend": 120.497359, "fair_value": 158.010829, "relative_strength": -24.269214, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.103697, "energy": 15.45326, "activity_lines": [ 125.901739, 126.249949, 125.272354, 123.557727 ] }, { "date": "2025-10-31", "close": 124.912476, "volume": 1644800, "typical_volume": 1273300.0, "trend": 120.964906, "fair_value": 158.055593, "relative_strength": -23.678562, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.225633, "energy": 17.302662, "activity_lines": [ 125.855955, 125.836228, 125.355979, 123.842573 ] }, { "date": "2025-11-07", "close": 121.364494, "volume": 1397400, "typical_volume": 1286920.0, "trend": 121.319092, "fair_value": 157.996893, "relative_strength": -23.927397, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.646932, "energy": 7.469527, "activity_lines": [ 124.434122, 124.906108, 125.077751, 123.868353 ] }, { "date": "2025-11-14", "close": 119.203995, "volume": 1234600, "typical_volume": 1249080.0, "trend": 121.776882, "fair_value": 157.907724, "relative_strength": -25.229992, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.557697, "energy": 7.622828, "activity_lines": [ 122.604635, 123.709316, 124.581239, 123.731895 ] }, { "date": "2025-11-21", "close": 120.105858, "volume": 1066100, "typical_volume": 1267060.0, "trend": 122.167275, "fair_value": 157.82251, "relative_strength": -23.139513, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.418164, "energy": 19.297046, "activity_lines": [ 121.135232, 122.905033, 124.180534, 123.624087 ] }, { "date": "2025-11-28", "close": 120.779778, "volume": 849200, "typical_volume": 1248185.0, "trend": 122.478097, "fair_value": 157.729623, "relative_strength": -24.532914, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.065593, "energy": 24.321295, "activity_lines": [ 120.638385, 122.362452, 123.870178, 123.534571 ] }, { "date": "2025-12-05", "close": 133.425629, "volume": 1172100, "typical_volume": 1263740.0, "trend": 123.164662, "fair_value": 157.722061, "relative_strength": -15.202251, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.137244, "energy": 16.31131, "activity_lines": [ 124.689154, 124.228644, 124.767143, 124.240863 ] }, { "date": "2025-12-12", "close": 140.105316, "volume": 1565500, "typical_volume": 1284145.0, "trend": 123.705963, "fair_value": 157.741307, "relative_strength": -10.21451, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.361731, "energy": 52.891798, "activity_lines": [ 130.398943, 127.101797, 126.233615, 125.333809 ] }, { "date": "2025-12-19", "close": 142.72171, "volume": 1601400, "typical_volume": 1238025.0, "trend": 124.578775, "fair_value": 157.816346, "relative_strength": -7.99182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.886127, "energy": 69.843159, "activity_lines": [ 135.731474, 130.195147, 127.88372, 126.560631 ] }, { "date": "2025-12-26", "close": 143.683029, "volume": 429300, "typical_volume": 1213815.0, "trend": 125.493117, "fair_value": 157.908927, "relative_strength": -6.869074, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.094433, "energy": 78.527062, "activity_lines": [ 139.816598, 133.051905, 129.496757, 127.793164 ] }, { "date": "2026-01-02", "close": 145.735504, "volume": 506500, "typical_volume": 1182255.0, "trend": 126.424201, "fair_value": 157.990534, "relative_strength": -4.067041, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.238448, "energy": 82.080984, "activity_lines": [ 143.014068, 136.057141, 131.177466, 129.099124 ] }, { "date": "2026-01-09", "close": 153.789337, "volume": 1217500, "typical_volume": 1171135.0, "trend": 127.554415, "fair_value": 158.097743, "relative_strength": 0.129319, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.610704, "energy": 89.091642, "activity_lines": [ 147.232435, 140.163606, 133.519702, 130.864617 ] }, { "date": "2026-01-16", "close": 154.456329, "volume": 890000, "typical_volume": 1161935.0, "trend": 128.745125, "fair_value": 158.205928, "relative_strength": 0.444164, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.664359, "energy": 90.892575, "activity_lines": [ 150.315552, 143.866308, 135.821656, 132.600224 ] }, { "date": "2026-01-23", "close": 149.010788, "volume": 1335700, "typical_volume": 1179840.0, "trend": 129.669286, "fair_value": 158.273036, "relative_strength": -2.212316, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.24928, "energy": 85.158804, "activity_lines": [ 150.626754, 145.977243, 137.480445, 133.907686 ] }, { "date": "2026-01-30", "close": 145.675781, "volume": 932700, "typical_volume": 1183300.0, "trend": 130.338452, "fair_value": 158.233604, "relative_strength": 0.413665, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.230783, "energy": 76.750809, "activity_lines": [ 149.407015, 146.939871, 138.739532, 134.940363 ] }, { "date": "2026-02-06", "close": 165.7556, "volume": 1292300, "typical_volume": 1154895.0, "trend": 131.816961, "fair_value": 158.277436, "relative_strength": 13.274929, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.929809, "energy": 80.156874, "activity_lines": [ 154.747699, 151.088467, 141.82567, 137.225341 ] }, { "date": "2026-02-13", "close": 162.888474, "volume": 1194900, "typical_volume": 1158130.0, "trend": 133.265635, "fair_value": 158.285295, "relative_strength": 10.256453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.654478, "energy": 64.06767, "activity_lines": [ 157.798001, 153.898025, 144.453264, 139.229955 ] }, { "date": "2026-02-20", "close": 162.510178, "volume": 931200, "typical_volume": 1152150.0, "trend": 134.471296, "fair_value": 158.30924, "relative_strength": 7.777268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.202705, "energy": 61.826443, "activity_lines": [ 160.115596, 156.103115, 146.850178, 141.116699 ] }, { "date": "2026-02-27", "close": 162.241379, "volume": 955600, "typical_volume": 1139080.0, "trend": 136.022312, "fair_value": 158.307269, "relative_strength": 6.105958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.787838, "energy": 60.789268, "activity_lines": [ 161.806667, 157.85197, 149.047883, 142.908317 ] }, { "date": "2026-03-06", "close": 149.59816, "volume": 1114500, "typical_volume": 1128805.0, "trend": 137.114089, "fair_value": 158.240625, "relative_strength": 1.650568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.013476, "energy": 49.309623, "activity_lines": [ 158.401293, 156.947156, 149.840779, 143.784179 ] }, { "date": "2026-03-13", "close": 139.374069, "volume": 1073700, "typical_volume": 1120250.0, "trend": 137.640576, "fair_value": 158.159576, "relative_strength": -3.542847, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.881329, "energy": 21.699709, "activity_lines": [ 151.326397, 154.075868, 149.572935, 143.929984 ] }, { "date": "2026-03-20", "close": 135.212769, "volume": 1039700, "typical_volume": 1089995.0, "trend": 137.747991, "fair_value": 158.083924, "relative_strength": -2.649165, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.893927, "energy": 19.497384, "activity_lines": [ 144.623169, 150.563642, 148.843971, 143.773351 ] }, { "date": "2026-03-27", "close": 144.809677, "volume": 1014100, "typical_volume": 1070830.0, "trend": 138.298229, "fair_value": 158.024035, "relative_strength": 2.078007, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.762593, "energy": 26.716708, "activity_lines": [ 142.963958, 149.134065, 148.979949, 144.228944 ] }, { "date": "2026-04-03", "close": 155.080002, "volume": 891500, "typical_volume": 1053675.0, "trend": 139.075116, "fair_value": 158.097505, "relative_strength": 5.573137, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.190799, "energy": 22.507284, "activity_lines": [ 145.908222, 149.747213, 149.982409, 145.311639 ] }, { "date": "2026-04-10", "close": 169.270004, "volume": 1269900, "typical_volume": 1063865.0, "trend": 140.458775, "fair_value": 158.22027, "relative_strength": 13.062625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.874715, "energy": 32.274485, "activity_lines": [ 154.059911, 152.830012, 152.16546, 147.259696 ] }, { "date": "2026-04-17", "close": 180.199997, "volume": 994000, "typical_volume": 1071105.0, "trend": 142.238649, "fair_value": 158.388039, "relative_strength": 17.632017, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 77.294205, "energy": 69.237251, "activity_lines": [ 164.543475, 157.471097, 155.155348, 149.823646 ] }, { "date": "2026-04-24", "close": 189.570007, "volume": 1027400, "typical_volume": 1063870.0, "trend": 144.490595, "fair_value": 158.708517, "relative_strength": 24.714778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.072639, "energy": 85.404059, "activity_lines": [ 175.428648, 163.553194, 158.754664, 152.877282 ] }, { "date": "2026-05-01", "close": 192.829819, "volume": 2070300, "typical_volume": 1089110.0, "trend": 146.716516, "fair_value": 159.073788, "relative_strength": 26.237787, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.480724, "energy": 88.109084, "activity_lines": [ 183.776608, 169.742866, 162.397085, 155.995941 ] }, { "date": "2026-05-08", "close": 189.430923, "volume": 1358500, "typical_volume": 1076965.0, "trend": 149.027681, "fair_value": 159.39938, "relative_strength": 22.752607, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.357382, "energy": 86.803106, "activity_lines": [ 187.790261, 174.763291, 165.464732, 158.75171 ] }, { "date": "2026-05-15", "close": 193.268372, "volume": 1026700, "typical_volume": 1106835.0, "trend": 151.092474, "fair_value": 159.736212, "relative_strength": 25.640791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.917529, "energy": 87.157585, "activity_lines": [ 190.793001, 179.987078, 168.675425, 161.605948 ] }, { "date": "2026-05-22", "close": 203.754105, "volume": 810000, "typical_volume": 1122010.0, "trend": 153.692119, "fair_value": 160.134931, "relative_strength": 29.236303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.952229, "energy": 88.97608, "activity_lines": [ 195.691095, 186.323358, 172.648639, 165.003472 ] }, { "date": "2026-05-29", "close": 211.987198, "volume": 1284900, "typical_volume": 1125380.0, "trend": 156.594609, "fair_value": 160.58569, "relative_strength": 32.385484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.889556, "energy": 88.699598, "activity_lines": [ 201.763279, 192.986018, 177.129678, 168.764445 ] }, { "date": "2026-06-05", "close": 221.64563, "volume": 289900, "typical_volume": 1095375.0, "trend": 159.937314, "fair_value": 161.147749, "relative_strength": 38.698786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.055267, "energy": 92.477094, "activity_lines": [ 209.560462, 200.008858, 182.253435, 172.961285 ] }, { "date": "2026-06-12", "close": 223.639114, "volume": 234900, "typical_volume": 1040335.0, "trend": 163.418485, "fair_value": 161.721177, "relative_strength": 36.78197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.222972, "energy": 92.854677, "activity_lines": [ 216.101084, 205.997132, 187.247098, 177.071079 ] }, { "date": "2026-06-19", "close": 203.5448, "volume": 202600, "typical_volume": 1003830.0, "trend": 166.199783, "fair_value": 162.170942, "relative_strength": 23.700497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.549018, "energy": 77.815226, "activity_lines": [ 213.663056, 207.085365, 189.971645, 179.659873 ] }, { "date": "2026-06-26", "close": 204.232544, "volume": 192500, "typical_volume": 948840.0, "trend": 168.981541, "fair_value": 162.552489, "relative_strength": 23.425991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.193231, "energy": 63.908976, "activity_lines": [ 210.769181, 207.675465, 192.486124, 182.1136 ] }, { "date": "2026-07-03", "close": 200.649994, "volume": 68600, "typical_volume": 892525.0, "trend": 171.222354, "fair_value": 162.92318, "relative_strength": 19.830051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.438891, "energy": 49.328507, "activity_lines": [ 206.649227, 207.177236, 194.476184, 184.156726 ] }, { "date": "2026-07-10", "close": 208.850006, "volume": 1369800, "typical_volume": 914455.0, "trend": 173.513843, "fair_value": 163.372739, "relative_strength": 23.809024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.146287, "energy": 40.036069, "activity_lines": [ 206.018423, 207.968465, 197.067381, 186.584316 ] }, { "date": "2026-07-17", "close": 218.580002, "volume": 1116000, "typical_volume": 922475.0, "trend": 176.042453, "fair_value": 163.783629, "relative_strength": 28.782749, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.8693, "energy": 49.523571, "activity_lines": [ 209.483994, 210.237507, 200.364579, 189.49181 ] }, { "date": "2026-07-24", "close": 212.429993, "volume": 959300, "typical_volume": 914715.0, "trend": 178.334019, "fair_value": 164.108507, "relative_strength": 24.087468, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.834808, "energy": 50.13644, "activity_lines": [ 211.236835, 210.858383, 202.807782, 191.839394 ] }, { "date": "2026-07-31", "close": 189.389999, "volume": 1785000, "typical_volume": 950280.0, "trend": 179.789168, "fair_value": 164.243961, "relative_strength": 10.597386, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.176927, "energy": 31.020515, "activity_lines": [ 204.717332, 206.941776, 202.757501, 192.552683 ] }, { "date": "2026-08-07", "close": 196.139999, "volume": 1161100, "typical_volume": 956350.0, "trend": 181.200857, "fair_value": 164.405905, "relative_strength": 10.386426, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.146983, "energy": 23.422708, "activity_lines": [ 201.437332, 204.513607, 203.111906, 193.607575 ] } ], "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." } } }