{ "ticker": { "uuid": "88d1f41e-fcdf-41a0-9888-900fb91a2bc3", "symbol": "DNB", "name": "DNB Bank ASA", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 79.6, "architecture_energy": 69.104, "architecture_maturity": 28.694, "architecture_confidence": 75.635, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 6.28, "rotation_up": 72.63, "upward_expansion": 88.17, "deceleration": 48.81, "rotation_down": 15.24, "downward_expansion": 12.51 }, "activity_lines": [ 303.220003, 299.925455, 294.36078, 290.279263 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 308.200012, "trend_reference": 284.402411, "distance_from_trend": 0.083676, "trend_direction": "Improving", "fair_value": 222.732978, "distance_from_fair_value": 0.38372, "fair_value_direction": "Improving", "relative_strength": 1.410363, "relative_strength_direction": "Improving", "price_momentum": 0.127489, "excess_performance": 0.002495, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083676, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.049777, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.38372, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.060016, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.014104, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.082099, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.127489, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.865146, "read": "Demand-led" } ], "volume": { "latest": 5180490, "relative_activity": 0.767035, "balance": 1.865146, "dry_up": 0.946175, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.024984, "annualized_volatility": 0.141885, "from_high_reference": -0.005165, "from_low_reference": 0.2716 }, "levels": { "trend_reference": 284.402411, "fair_value_reference": 222.732978, "structural_low": 268.642835, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 40, "median_return": 0.01742, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.005073, "regime_survival": 0.725, "best_return": 0.123597, "worst_return": -0.121595, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.041973, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.003981, "regime_survival": 0.466667, "best_return": 0.15826, "worst_return": -0.058698, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.102801, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": 0.038046, "regime_survival": 0.375, "best_return": 0.170504, "worst_return": -0.065923, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.177649, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.062099, "regime_survival": 0.25, "best_return": 0.232921, "worst_return": 0.063894, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": 0.044815, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-04-18", "tenure": "Established", "return": 0.081115, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.055674, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-07-11", "tenure": "Developing", "return": -0.014812, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-18", "end": "2025-10-24", "tenure": "Established", "return": 0.003095, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-11-14", "tenure": "New", "return": 0.020906, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2025-11-28", "tenure": "New", "return": 0.022298, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": 0.03963, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-26", "end": "2026-01-02", "tenure": "New", "return": 0.003895, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-03-27", "tenure": "Developing", "return": 0.048153, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.013802, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-08", "tenure": "New", "return": -0.022453, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": 0.039929, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.072373, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 169.778778, "volume": 5956496, "typical_volume": 6638840.7, "trend": 153.885702, "fair_value": 134.188323, "relative_strength": 11.548807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.949507, "energy": 80.717286, "activity_lines": [ 170.076066, 167.29335, 162.165746, 158.317593 ] }, { "date": "2023-08-25", "close": 170.508484, "volume": 5964679, "typical_volume": 6750316.85, "trend": 154.843601, "fair_value": 134.681441, "relative_strength": 12.07944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.972973, "energy": 63.520414, "activity_lines": [ 170.367949, 168.348109, 163.370011, 159.39003 ] }, { "date": "2023-09-01", "close": 170.75174, "volume": 7580175, "typical_volume": 6836624.5, "trend": 155.742765, "fair_value": 135.200123, "relative_strength": 8.895677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.698182, "energy": 61.897793, "activity_lines": [ 170.573354, 169.228921, 164.470689, 160.416362 ] }, { "date": "2023-09-08", "close": 169.940933, "volume": 5674792, "typical_volume": 6754395.05, "trend": 156.607335, "fair_value": 135.718617, "relative_strength": 7.977048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.800468, "energy": 55.865995, "activity_lines": [ 170.389574, 169.672642, 165.394162, 161.332372 ] }, { "date": "2023-09-15", "close": 177.643417, "volume": 11230775, "typical_volume": 6759752.3, "trend": 157.538213, "fair_value": 136.295462, "relative_strength": 9.526897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.36582, "energy": 65.437635, "activity_lines": [ 172.735452, 171.385613, 166.959946, 162.689539 ] }, { "date": "2023-09-22", "close": 176.427231, "volume": 6985414, "typical_volume": 6820078.9, "trend": 158.233066, "fair_value": 136.897489, "relative_strength": 8.63534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.44572, "energy": 64.709881, "activity_lines": [ 174.302972, 172.582629, 168.286741, 163.908185 ] }, { "date": "2023-09-29", "close": 174.805649, "volume": 8205306, "typical_volume": 6852304.95, "trend": 158.830985, "fair_value": 137.481189, "relative_strength": 8.080329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.957961, "energy": 70.772649, "activity_lines": [ 174.886735, 173.212093, 169.334778, 164.977384 ] }, { "date": "2023-10-06", "close": 172.211121, "volume": 7491001, "typical_volume": 6983610.45, "trend": 159.570698, "fair_value": 138.021541, "relative_strength": 9.491395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.864205, "energy": 59.27722, "activity_lines": [ 174.319177, 173.245995, 170.014293, 165.840619 ] }, { "date": "2023-10-13", "close": 177.886642, "volume": 7230211, "typical_volume": 7037480.75, "trend": 160.86282, "fair_value": 138.599318, "relative_strength": 7.722285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.147331, "energy": 59.817873, "activity_lines": [ 175.546168, 174.252844, 171.136846, 167.022293 ] }, { "date": "2023-10-20", "close": 167.022095, "volume": 13411987, "typical_volume": 7390224.4, "trend": 161.874768, "fair_value": 139.085535, "relative_strength": 4.013689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.124235, "energy": 30.897488, "activity_lines": [ 172.621929, 173.129535, 171.095147, 167.419665 ] }, { "date": "2023-10-27", "close": 162.56279, "volume": 8603461, "typical_volume": 7551325.95, "trend": 162.567811, "fair_value": 139.590338, "relative_strength": 1.745828, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.711132, "energy": 14.784088, "activity_lines": [ 168.919343, 171.28684, 170.569102, 167.464054 ] }, { "date": "2023-11-03", "close": 161.306061, "volume": 8984733, "typical_volume": 7562785.5, "trend": 163.148335, "fair_value": 140.065795, "relative_strength": -0.85809, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.170282, "energy": 23.634685, "activity_lines": [ 165.722144, 169.34685, 169.899045, 167.382651 ] }, { "date": "2023-11-10", "close": 162.481705, "volume": 6841280, "typical_volume": 7620253.8, "trend": 163.572562, "fair_value": 140.479491, "relative_strength": -0.144188, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.808025, "energy": 31.776351, "activity_lines": [ 163.816798, 167.787929, 169.327634, 167.339642 ] }, { "date": "2023-11-17", "close": 164.995132, "volume": 7217644, "typical_volume": 7630370.85, "trend": 164.046518, "fair_value": 140.882998, "relative_strength": 0.231793, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.506592, "energy": 34.911837, "activity_lines": [ 163.397889, 166.83636, 168.959112, 167.431421 ] }, { "date": "2023-11-24", "close": 167.913971, "volume": 5764399, "typical_volume": 7651687.2, "trend": 164.58434, "fair_value": 141.276621, "relative_strength": 0.386242, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.862756, "energy": 21.0274, "activity_lines": [ 164.811361, 166.505412, 168.857764, 167.680934 ] }, { "date": "2023-12-01", "close": 167.427505, "volume": 7981276, "typical_volume": 7581242.05, "trend": 165.154593, "fair_value": 141.677144, "relative_strength": 0.782178, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.466705, "energy": 10.698654, "activity_lines": [ 166.003218, 166.262914, 168.679198, 167.864364 ] }, { "date": "2023-12-08", "close": 169.292313, "volume": 8802928, "typical_volume": 7655789.3, "trend": 165.82079, "fair_value": 142.094422, "relative_strength": 2.481192, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.725942, "energy": 15.293043, "activity_lines": [ 167.492364, 166.523105, 168.649663, 168.131314 ] }, { "date": "2023-12-15", "close": 170.994949, "volume": 8610391, "typical_volume": 7842598.8, "trend": 166.462662, "fair_value": 142.515934, "relative_strength": 3.143176, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.199362, "energy": 25.367252, "activity_lines": [ 169.016639, 167.193107, 168.776106, 168.46513 ] }, { "date": "2023-12-22", "close": 171.15712, "volume": 6544411, "typical_volume": 7821983.35, "trend": 167.145074, "fair_value": 142.923458, "relative_strength": 3.163423, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.999873, "energy": 27.547611, "activity_lines": [ 170.027421, 167.914708, 168.908342, 168.767999 ] }, { "date": "2023-12-29", "close": 175.12999, "volume": 2286666, "typical_volume": 7568401.25, "trend": 167.832892, "fair_value": 143.34476, "relative_strength": 4.492743, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.904245, "energy": 40.646735, "activity_lines": [ 171.951694, 169.481004, 169.410452, 169.283155 ] }, { "date": "2024-01-05", "close": 174.724579, "volume": 6343643, "typical_volume": 7587758.6, "trend": 168.408551, "fair_value": 143.763464, "relative_strength": 3.279754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.196424, "energy": 54.207117, "activity_lines": [ 173.259762, 170.826172, 169.859281, 169.727779 ] }, { "date": "2024-01-12", "close": 175.616455, "volume": 5730774, "typical_volume": 7576063.35, "trend": 168.978805, "fair_value": 144.196651, "relative_strength": 5.110456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.259819, "energy": 62.049622, "activity_lines": [ 174.37865, 172.112376, 170.369498, 170.192806 ] }, { "date": "2024-01-19", "close": 172.535461, "volume": 7080773, "typical_volume": 7551093.25, "trend": 169.569328, "fair_value": 144.597147, "relative_strength": 4.651788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.531453, "energy": 57.630176, "activity_lines": [ 174.048931, 172.57821, 170.561964, 170.422267 ] }, { "date": "2024-01-26", "close": 174.319183, "volume": 7429570, "typical_volume": 7638832.15, "trend": 169.955803, "fair_value": 145.01346, "relative_strength": 4.208994, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.555887, "energy": 53.696671, "activity_lines": [ 174.211085, 173.185562, 170.915814, 170.72871 ] }, { "date": "2024-02-02", "close": 168.238281, "volume": 11022973, "typical_volume": 7628442.05, "trend": 170.182823, "fair_value": 145.375348, "relative_strength": 2.093736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.15964, "energy": 16.709381, "activity_lines": [ 172.135467, 172.517767, 170.669682, 170.617902 ] }, { "date": "2024-02-09", "close": 162.806015, "volume": 6749355, "typical_volume": 7616639.1, "trend": 170.228767, "fair_value": 145.732052, "relative_strength": 1.057928, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.196398, "energy": 27.169489, "activity_lines": [ 168.708542, 170.856391, 169.950978, 170.141979 ] }, { "date": "2024-02-16", "close": 167.10318, "volume": 6550288, "typical_volume": 7533888.2, "trend": 170.199038, "fair_value": 146.100231, "relative_strength": 1.637474, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.753723, "energy": 32.840795, "activity_lines": [ 167.508575, 170.060345, 169.70639, 169.940328 ] }, { "date": "2024-02-23", "close": 168.076126, "volume": 6782850, "typical_volume": 7498480.65, "trend": 170.169309, "fair_value": 146.436455, "relative_strength": 2.39232, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.457229, "energy": 39.323002, "activity_lines": [ 167.200476, 169.481, 169.591142, 169.803366 ] }, { "date": "2024-03-01", "close": 172.778687, "volume": 6848136, "typical_volume": 7479376.9, "trend": 170.282819, "fair_value": 146.765247, "relative_strength": 3.910814, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.219943, "energy": 23.654715, "activity_lines": [ 168.757186, 169.809736, 169.943448, 169.971713 ] }, { "date": "2024-03-08", "close": 172.292221, "volume": 4132334, "typical_volume": 7015394.25, "trend": 170.290927, "fair_value": 147.056642, "relative_strength": 3.107896, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.943962, "energy": 5.161044, "activity_lines": [ 170.25444, 170.020541, 170.273747, 170.101352 ] }, { "date": "2024-03-15", "close": 168.643677, "volume": 11417363, "typical_volume": 7156089.35, "trend": 170.25309, "fair_value": 147.313661, "relative_strength": -0.300544, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.637648, "energy": 7.236413, "activity_lines": [ 170.265251, 169.61957, 170.23147, 169.995077 ] }, { "date": "2024-03-22", "close": 172.373306, "volume": 7102009, "typical_volume": 7061953.15, "trend": 170.315251, "fair_value": 147.621177, "relative_strength": -0.283318, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.182664, "energy": 14.584151, "activity_lines": [ 171.130093, 170.007275, 170.515439, 170.131865 ] }, { "date": "2024-03-29", "close": 174.400284, "volume": 3503428, "typical_volume": 6895060.55, "trend": 170.436869, "fair_value": 147.93927, "relative_strength": 0.03529, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.42456, "energy": 26.326411, "activity_lines": [ 172.319254, 170.822488, 170.939752, 170.395416 ] }, { "date": "2024-04-05", "close": 174.724579, "volume": 6943171, "typical_volume": 6881336.9, "trend": 170.596324, "fair_value": 148.264055, "relative_strength": -1.638405, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.038991, "energy": 49.028519, "activity_lines": [ 173.194902, 171.662757, 171.338196, 170.672042 ] }, { "date": "2024-04-12", "close": 175.12999, "volume": 6697977, "typical_volume": 6928015.8, "trend": 170.512543, "fair_value": 148.567488, "relative_strength": -3.247887, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.143938, "energy": 54.671782, "activity_lines": [ 174.07596, 172.569367, 171.728919, 170.964537 ] }, { "date": "2024-04-19", "close": 171.481445, "volume": 6821485, "typical_volume": 6870026.25, "trend": 170.347684, "fair_value": 148.873023, "relative_strength": -2.84134, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.350664, "energy": 45.046269, "activity_lines": [ 173.551653, 172.687301, 171.7378, 171.027047 ] }, { "date": "2024-04-26", "close": 168.562592, "volume": 11410148, "typical_volume": 7000387.25, "trend": 170.139582, "fair_value": 149.166659, "relative_strength": -6.218017, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.521601, "energy": 13.393867, "activity_lines": [ 171.86521, 172.1168, 171.449391, 170.91188 ] }, { "date": "2024-05-03", "close": 173.677078, "volume": 8237522, "typical_volume": 6981743.8, "trend": 170.188447, "fair_value": 149.474622, "relative_strength": -3.777012, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.358396, "energy": 17.181368, "activity_lines": [ 172.137643, 172.44967, 171.65155, 171.140105 ] }, { "date": "2024-05-10", "close": 179.903488, "volume": 6889083, "typical_volume": 6998977.4, "trend": 170.255675, "fair_value": 149.824915, "relative_strength": -3.712006, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.832226, "energy": 33.968496, "activity_lines": [ 174.533761, 173.81278, 172.433929, 171.766882 ] }, { "date": "2024-05-17", "close": 179.638535, "volume": 5682246, "typical_volume": 7168756.4, "trend": 170.676223, "fair_value": 150.152854, "relative_strength": -3.739156, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.938357, "energy": 52.392118, "activity_lines": [ 176.496299, 174.998174, 173.149424, 172.372228 ] }, { "date": "2024-05-24", "close": 181.404892, "volume": 5686591, "typical_volume": 7135903.8, "trend": 171.304293, "fair_value": 150.497169, "relative_strength": -3.322458, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.346136, "energy": 70.572503, "activity_lines": [ 178.747054, 176.371155, 174.011675, 173.0644 ] }, { "date": "2024-05-31", "close": 181.228256, "volume": 12273109, "typical_volume": 7463020.55, "trend": 171.968366, "fair_value": 150.828926, "relative_strength": -4.558566, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.773196, "energy": 74.004421, "activity_lines": [ 180.277367, 177.479998, 174.825292, 173.704656 ] }, { "date": "2024-06-07", "close": 178.843674, "volume": 5989616, "typical_volume": 7408462.7, "trend": 172.513765, "fair_value": 151.154846, "relative_strength": -4.642333, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.922809, "energy": 65.971138, "activity_lines": [ 180.168442, 177.994282, 175.385084, 174.148224 ] }, { "date": "2024-06-14", "close": 181.669846, "volume": 7174964, "typical_volume": 7395732.4, "trend": 173.069589, "fair_value": 151.502618, "relative_strength": -0.975719, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.587765, "energy": 59.254058, "activity_lines": [ 180.657134, 178.941626, 176.183995, 174.738939 ] }, { "date": "2024-06-21", "close": 184.142746, "volume": 9475567, "typical_volume": 7318362.1, "trend": 173.610548, "fair_value": 151.811966, "relative_strength": -0.745382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.059127, "energy": 55.540388, "activity_lines": [ 181.852369, 180.212311, 177.183418, 175.453336 ] }, { "date": "2024-06-28", "close": 185.20256, "volume": 7169128, "typical_volume": 7339350.75, "trend": 174.20305, "fair_value": 152.177989, "relative_strength": -1.197838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.341636, "energy": 50.533214, "activity_lines": [ 183.100595, 181.511821, 178.20804, 176.201208 ] }, { "date": "2024-07-05", "close": 185.114243, "volume": 5915340, "typical_volume": 7307603.35, "trend": 174.730448, "fair_value": 152.543006, "relative_strength": -0.938984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.959472, "energy": 57.782557, "activity_lines": [ 184.066204, 182.545798, 179.1176, 176.905156 ] }, { "date": "2024-07-12", "close": 192.797897, "volume": 9564107, "typical_volume": 7446666.2, "trend": 175.457213, "fair_value": 152.984086, "relative_strength": 2.050021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.011707, "energy": 73.829917, "activity_lines": [ 187.333965, 184.675865, 180.673171, 178.070797 ] }, { "date": "2024-07-19", "close": 193.239487, "volume": 4832824, "typical_volume": 7345900.6, "trend": 176.193292, "fair_value": 153.453706, "relative_strength": 1.71321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.222154, "energy": 79.703019, "activity_lines": [ 189.818641, 186.538569, 182.153074, 179.218041 ] }, { "date": "2024-07-26", "close": 196.507248, "volume": 5533370, "typical_volume": 7415952.4, "trend": 176.905867, "fair_value": 153.917685, "relative_strength": 4.072703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.908705, "energy": 88.670025, "activity_lines": [ 192.621262, 188.752939, 183.846761, 180.528619 ] }, { "date": "2024-08-02", "close": 192.974533, "volume": 6573833, "typical_volume": 7173775.9, "trend": 177.514199, "fair_value": 154.330012, "relative_strength": 4.022407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.815136, "energy": 82.841717, "activity_lines": [ 193.42201, 190.018293, 185.088688, 181.565307 ] }, { "date": "2024-08-09", "close": 189.3535, "volume": 8166699, "typical_volume": 7227010.4, "trend": 177.9721, "fair_value": 154.713634, "relative_strength": 1.815506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.692859, "energy": 67.771287, "activity_lines": [ 192.497616, 190.414921, 185.869895, 182.329133 ] }, { "date": "2024-08-16", "close": 196.065659, "volume": 5440651, "typical_volume": 7323871.55, "trend": 178.75644, "fair_value": 155.155885, "relative_strength": 3.258879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.988038, "energy": 58.754797, "activity_lines": [ 193.527992, 191.884209, 187.209496, 183.496459 ] }, { "date": "2024-08-23", "close": 197.65538, "volume": 4034303, "typical_volume": 7178428.15, "trend": 179.534313, "fair_value": 155.588109, "relative_strength": 4.71077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.895904, "energy": 58.694802, "activity_lines": [ 194.870423, 193.32941, 188.597331, 184.715746 ] }, { "date": "2024-08-30", "close": 197.920349, "volume": 7625952, "typical_volume": 7224826.9, "trend": 180.523716, "fair_value": 156.022032, "relative_strength": 4.450117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.983792, "energy": 58.40349, "activity_lines": [ 196.006785, 194.532142, 189.901207, 185.901941 ] }, { "date": "2024-09-06", "close": 190.413315, "volume": 6479109, "typical_volume": 7207708.1, "trend": 181.443959, "fair_value": 156.41135, "relative_strength": 4.318791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.496574, "energy": 48.352588, "activity_lines": [ 194.546595, 194.119456, 190.381602, 186.53998 ] }, { "date": "2024-09-13", "close": 190.324997, "volume": 6946978, "typical_volume": 6984549.6, "trend": 182.21802, "fair_value": 156.815263, "relative_strength": 2.699479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.363206, "energy": 35.992993, "activity_lines": [ 193.227714, 193.595972, 190.763433, 187.11295 ] }, { "date": "2024-09-20", "close": 191.561447, "volume": 9642829, "typical_volume": 7054814.95, "trend": 183.000864, "fair_value": 157.199414, "relative_strength": 3.359786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.196749, "energy": 25.952322, "activity_lines": [ 192.256216, 193.202556, 191.159392, 187.715752 ] }, { "date": "2024-09-27", "close": 190.854919, "volume": 6925806, "typical_volume": 7056651.1, "trend": 183.603405, "fair_value": 157.546515, "relative_strength": 3.011418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.27885, "energy": 21.932758, "activity_lines": [ 191.34949, 192.703161, 191.402898, 188.222465 ] }, { "date": "2024-10-04", "close": 191.738098, "volume": 6600749, "typical_volume": 7102576.25, "trend": 184.251601, "fair_value": 157.870271, "relative_strength": 0.530738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.049748, "energy": 18.686797, "activity_lines": [ 191.190521, 192.407699, 191.678367, 188.747284 ] }, { "date": "2024-10-11", "close": 194.034348, "volume": 6592341, "typical_volume": 7147863.75, "trend": 185.097956, "fair_value": 158.196881, "relative_strength": 1.769579, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.35326, "energy": 22.248921, "activity_lines": [ 192.209119, 192.61645, 192.11491, 189.378429 ] }, { "date": "2024-10-18", "close": 195.977325, "volume": 5575522, "typical_volume": 6812984.4, "trend": 185.884757, "fair_value": 158.508259, "relative_strength": 3.833657, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.16944, "energy": 34.112518, "activity_lines": [ 193.633973, 193.1592, 192.676357, 190.080324 ] }, { "date": "2024-10-25", "close": 203.484344, "volume": 9510068, "typical_volume": 6989007.0, "trend": 186.854226, "fair_value": 158.88956, "relative_strength": 5.611458, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.955203, "energy": 60.64954, "activity_lines": [ 197.184345, 194.946429, 193.882525, 191.215781 ] }, { "date": "2024-11-01", "close": 204.102585, "volume": 5734513, "typical_volume": 6916984.45, "trend": 187.833493, "fair_value": 159.206788, "relative_strength": 7.737541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.680811, "energy": 76.519907, "activity_lines": [ 200.145938, 196.71118, 195.030237, 192.328578 ] }, { "date": "2024-11-08", "close": 202.159576, "volume": 5773630, "typical_volume": 6731887.6, "trend": 188.734479, "fair_value": 159.520295, "relative_strength": 7.723911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.026432, "energy": 76.804414, "activity_lines": [ 201.576683, 198.005436, 195.886078, 193.252842 ] }, { "date": "2024-11-15", "close": 203.749313, "volume": 4849253, "typical_volume": 6615893.85, "trend": 189.810074, "fair_value": 159.867437, "relative_strength": 6.211429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.749797, "energy": 79.834848, "activity_lines": [ 202.842576, 199.511657, 196.807527, 194.221541 ] }, { "date": "2024-11-22", "close": 203.572678, "volume": 5303971, "typical_volume": 6585325.4, "trend": 190.977077, "fair_value": 160.246087, "relative_strength": 4.245277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.488883, "energy": 72.35937, "activity_lines": [ 203.401926, 200.74329, 197.623837, 195.109451 ] }, { "date": "2024-11-29", "close": 203.749313, "volume": 6998258, "typical_volume": 6457032.95, "trend": 191.979485, "fair_value": 160.620811, "relative_strength": 5.193701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.111717, "energy": 52.054343, "activity_lines": [ 203.513797, 201.766172, 198.369071, 195.933466 ] }, { "date": "2024-12-06", "close": 200.304916, "volume": 6459336, "typical_volume": 6538358.55, "trend": 192.659533, "fair_value": 160.986099, "relative_strength": 3.635188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.255386, "energy": 44.180108, "activity_lines": [ 202.459871, 201.941202, 198.734119, 196.470591 ] }, { "date": "2024-12-13", "close": 202.689499, "volume": 5273629, "typical_volume": 6525371.5, "trend": 193.427898, "fair_value": 161.394024, "relative_strength": 5.012504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.612034, "energy": 40.263019, "activity_lines": [ 202.453984, 202.377975, 199.292624, 197.117685 ] }, { "date": "2024-12-20", "close": 198.008652, "volume": 6241197, "typical_volume": 6508739.7, "trend": 193.981357, "fair_value": 161.755625, "relative_strength": 5.766708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.404435, "energy": 25.386822, "activity_lines": [ 200.852487, 201.764568, 199.375895, 197.413218 ] }, { "date": "2024-12-27", "close": 201.011459, "volume": 1441533, "typical_volume": 6172481.4, "trend": 194.640797, "fair_value": 162.115557, "relative_strength": 5.41384, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.331604, "energy": 19.976344, "activity_lines": [ 200.634636, 201.624866, 199.721176, 197.866773 ] }, { "date": "2025-01-03", "close": 203.572678, "volume": 3085538, "typical_volume": 6054725.75, "trend": 195.465097, "fair_value": 162.45881, "relative_strength": 3.929681, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.124036, "energy": 25.393069, "activity_lines": [ 201.441273, 201.85931, 200.254868, 198.443023 ] }, { "date": "2025-01-10", "close": 202.601181, "volume": 5402762, "typical_volume": 6123148.7, "trend": 196.162808, "fair_value": 162.770091, "relative_strength": 2.197581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.093347, "energy": 25.902343, "activity_lines": [ 201.935853, 201.915513, 200.660289, 198.903416 ] }, { "date": "2025-01-17", "close": 210.019882, "volume": 6681464, "typical_volume": 6075924.3, "trend": 197.025379, "fair_value": 163.149154, "relative_strength": 4.873768, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 74.736156, "energy": 48.329083, "activity_lines": [ 204.750249, 203.347868, 201.748702, 199.79742 ] }, { "date": "2025-01-24", "close": 212.316147, "volume": 5492022, "typical_volume": 6026569.95, "trend": 197.929166, "fair_value": 163.545696, "relative_strength": 6.222468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.038565, "energy": 76.942487, "activity_lines": [ 207.841375, 205.054812, 202.99819, 200.783922 ] }, { "date": "2025-01-31", "close": 212.669418, "volume": 5598674, "typical_volume": 5959154.75, "trend": 198.847671, "fair_value": 163.926574, "relative_strength": 4.43104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.302585, "energy": 81.151936, "activity_lines": [ 210.096424, 206.670226, 204.177023, 201.734906 ] }, { "date": "2025-02-07", "close": 212.051193, "volume": 9530113, "typical_volume": 5953518.95, "trend": 199.489448, "fair_value": 164.311304, "relative_strength": 6.080917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.358867, "energy": 78.83994, "activity_lines": [ 211.368202, 208.00784, 205.190576, 202.586746 ] }, { "date": "2025-02-14", "close": 211.78624, "volume": 8496411, "typical_volume": 6032049.2, "trend": 200.107673, "fair_value": 164.708127, "relative_strength": 5.575172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.663798, "energy": 74.559862, "activity_lines": [ 211.986427, 209.146338, 206.081325, 203.380087 ] }, { "date": "2025-02-21", "close": 223.090927, "volume": 8344989, "typical_volume": 6119261.2, "trend": 200.993796, "fair_value": 165.227982, "relative_strength": 10.076277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.842723, "energy": 81.002215, "activity_lines": [ 215.760544, 212.131482, 207.949038, 204.862878 ] }, { "date": "2025-02-28", "close": 228.743271, "volume": 11322579, "typical_volume": 6355773.1, "trend": 202.186087, "fair_value": 165.843603, "relative_strength": 13.376152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.054702, "energy": 89.537811, "activity_lines": [ 220.547372, 215.77339, 210.20577, 206.653166 ] }, { "date": "2025-03-07", "close": 234.395615, "volume": 10456296, "typical_volume": 6599811.8, "trend": 203.687491, "fair_value": 166.463967, "relative_strength": 15.70935, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.150372, "energy": 95.475727, "activity_lines": [ 226.123174, 219.884186, 212.83554, 208.7312 ] }, { "date": "2025-03-14", "close": 237.751694, "volume": 8283226, "typical_volume": 6538469.7, "trend": 205.077025, "fair_value": 167.084468, "relative_strength": 15.852472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.206579, "energy": 94.87005, "activity_lines": [ 231.369256, 223.998193, 215.601992, 210.928891 ] }, { "date": "2025-03-21", "close": 240.224579, "volume": 10882518, "typical_volume": 6795869.95, "trend": 206.495999, "fair_value": 167.69117, "relative_strength": 14.363144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.919792, "energy": 93.554727, "activity_lines": [ 235.726266, 227.940378, 218.440779, 213.196475 ] }, { "date": "2025-03-28", "close": 244.375549, "volume": 7999617, "typical_volume": 6907169.3, "trend": 208.044505, "fair_value": 168.329537, "relative_strength": 17.408126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.54029, "energy": 93.881351, "activity_lines": [ 239.571043, 231.953224, 221.502888, 215.640317 ] }, { "date": "2025-04-04", "close": 217.880173, "volume": 12735436, "typical_volume": 7301478.45, "trend": 208.960067, "fair_value": 168.813462, "relative_strength": 13.091164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.776993, "energy": 59.957516, "activity_lines": [ 233.165053, 230.524081, 221.840599, 216.274876 ] }, { "date": "2025-04-11", "close": 220.353073, "volume": 13913718, "typical_volume": 7731965.8, "trend": 209.961003, "fair_value": 169.320825, "relative_strength": 12.969059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.554151, "energy": 37.555523, "activity_lines": [ 228.30757, 229.443391, 222.346534, 217.009909 ] }, { "date": "2025-04-18", "close": 229.538116, "volume": 4697988, "typical_volume": 7616952.3, "trend": 211.226892, "fair_value": 169.881779, "relative_strength": 13.963628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.547668, "energy": 27.203937, "activity_lines": [ 227.447938, 229.893006, 223.647328, 218.272948 ] }, { "date": "2025-04-25", "close": 233.3358, "volume": 7319599, "typical_volume": 7659965.45, "trend": 212.642921, "fair_value": 170.486192, "relative_strength": 14.553733, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.744216, "energy": 27.681505, "activity_lines": [ 228.401772, 230.715166, 225.187003, 219.69933 ] }, { "date": "2025-05-02", "close": 246.326569, "volume": 9257872, "typical_volume": 7859177.6, "trend": 214.462537, "fair_value": 171.177033, "relative_strength": 16.047735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.021953, "energy": 45.570667, "activity_lines": [ 234.145114, 233.507473, 227.806604, 221.872468 ] }, { "date": "2025-05-09", "close": 247.927292, "volume": 8275182, "typical_volume": 7960876.85, "trend": 216.258969, "fair_value": 171.86819, "relative_strength": 16.569974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.947963, "energy": 65.624678, "activity_lines": [ 240.291963, 236.168354, 230.37086, 224.031485 ] }, { "date": "2025-05-16", "close": 257.908417, "volume": 6775688, "typical_volume": 8227584.6, "trend": 218.323338, "fair_value": 172.613628, "relative_strength": 16.000604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.615606, "energy": 82.469458, "activity_lines": [ 247.762712, 240.295185, 233.647991, 226.718546 ] }, { "date": "2025-05-23", "close": 259.509186, "volume": 7925422, "typical_volume": 8469578.8, "trend": 220.190833, "fair_value": 173.336826, "relative_strength": 17.281816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.715534, "energy": 87.498373, "activity_lines": [ 253.263361, 244.28556, 236.806638, 229.375697 ] }, { "date": "2025-05-30", "close": 257.343445, "volume": 7929355, "typical_volume": 8595908.45, "trend": 221.965528, "fair_value": 174.062877, "relative_strength": 14.810933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.729467, "energy": 85.046933, "activity_lines": [ 256.044025, 247.486573, 239.49266, 231.77264 ] }, { "date": "2025-06-06", "close": 261.109894, "volume": 5979677, "typical_volume": 8560819.1, "trend": 223.930539, "fair_value": 174.839752, "relative_strength": 14.201861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.488183, "energy": 84.468576, "activity_lines": [ 258.479662, 251.061142, 242.276713, 234.298083 ] }, { "date": "2025-06-13", "close": 262.145691, "volume": 5411559, "typical_volume": 8556795.95, "trend": 225.877085, "fair_value": 175.664012, "relative_strength": 11.189768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.804958, "energy": 78.774158, "activity_lines": [ 260.27501, 254.519777, 244.916129, 236.763577 ] }, { "date": "2025-06-20", "close": 260.733276, "volume": 21029493, "typical_volume": 9328336.9, "trend": 227.782438, "fair_value": 176.481643, "relative_strength": 9.080427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.72112, "energy": 59.341665, "activity_lines": [ 260.65166, 256.916783, 247.183745, 239.012363 ] }, { "date": "2025-06-27", "close": 260.639099, "volume": 7999484, "typical_volume": 9251805.45, "trend": 229.678764, "fair_value": 177.299399, "relative_strength": 11.022292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.27634, "energy": 55.515242, "activity_lines": [ 260.808594, 258.562479, 249.213516, 241.132148 ] }, { "date": "2025-07-04", "close": 261.957397, "volume": 5913515, "typical_volume": 9122660.65, "trend": 231.733847, "fair_value": 178.104504, "relative_strength": 9.49911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.053792, "energy": 57.349956, "activity_lines": [ 261.329632, 259.882394, 251.137469, 243.21464 ] }, { "date": "2025-07-11", "close": 244.255005, "volume": 12268093, "typical_volume": 9318815.85, "trend": 233.119364, "fair_value": 178.800256, "relative_strength": 2.18634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.226749, "energy": 37.927472, "activity_lines": [ 255.642277, 257.463299, 251.136569, 244.022457 ] }, { "date": "2025-07-18", "close": 243.407547, "volume": 10522682, "typical_volume": 9278821.0, "trend": 234.63266, "fair_value": 179.457105, "relative_strength": 2.252907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.851037, "energy": 23.341314, "activity_lines": [ 250.796095, 254.927785, 250.954177, 244.68621 ] }, { "date": "2025-07-25", "close": 244.160828, "volume": 7015276, "typical_volume": 9106770.0, "trend": 236.070973, "fair_value": 180.102533, "relative_strength": 2.530947, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.779939, "energy": 25.522998, "activity_lines": [ 247.450216, 252.611409, 250.773697, 245.300931 ] }, { "date": "2025-08-01", "close": 242.654266, "volume": 6969005, "typical_volume": 9041058.95, "trend": 237.373692, "fair_value": 180.720112, "relative_strength": 2.286823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.000321, "energy": 23.329591, "activity_lines": [ 244.706979, 250.271069, 250.403234, 245.72566 ] }, { "date": "2025-08-08", "close": 250.187195, "volume": 7104398, "typical_volume": 8852152.95, "trend": 238.959893, "fair_value": 181.369002, "relative_strength": 4.065466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.019254, "energy": 20.632535, "activity_lines": [ 245.673708, 249.606806, 250.726847, 246.552337 ] }, { "date": "2025-08-15", "close": 253.388672, "volume": 6215556, "typical_volume": 8762949.9, "trend": 240.405519, "fair_value": 182.03987, "relative_strength": 4.395167, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.849827, "energy": 15.023165, "activity_lines": [ 248.492276, 249.654742, 251.307921, 247.483226 ] }, { "date": "2025-08-22", "close": 257.060974, "volume": 6144581, "typical_volume": 8433407.15, "trend": 241.897013, "fair_value": 182.766778, "relative_strength": 3.763351, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.424873, "energy": 26.128169, "activity_lines": [ 251.926034, 250.510756, 252.195819, 248.557772 ] }, { "date": "2025-08-29", "close": 249.245575, "volume": 8607874, "typical_volume": 8168114.95, "trend": 243.116219, "fair_value": 183.453531, "relative_strength": 1.523384, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.621241, "energy": 24.835492, "activity_lines": [ 251.84443, 250.038238, 252.152818, 249.031872 ] }, { "date": "2025-09-05", "close": 247.83316, "volume": 7209261, "typical_volume": 8293678.6, "trend": 244.308951, "fair_value": 184.167854, "relative_strength": 2.028553, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.74069, "energy": 19.49642, "activity_lines": [ 250.953037, 249.517784, 251.837717, 249.336191 ] }, { "date": "2025-09-12", "close": 252.070419, "volume": 7002723, "typical_volume": 8277834.8, "trend": 245.651757, "fair_value": 184.905701, "relative_strength": 1.746347, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.206973, "energy": 18.469267, "activity_lines": [ 251.128805, 250.000576, 251.839046, 249.836931 ] }, { "date": "2025-09-19", "close": 254.330292, "volume": 8163774, "typical_volume": 8223129.9, "trend": 246.693069, "fair_value": 185.675497, "relative_strength": 2.974211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.591802, "energy": 17.577188, "activity_lines": [ 251.932316, 251.074018, 251.966389, 250.396837 ] }, { "date": "2025-09-26", "close": 257.060974, "volume": 6600533, "typical_volume": 8139397.45, "trend": 247.636992, "fair_value": 186.484868, "relative_strength": 2.779364, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.681864, "energy": 28.031089, "activity_lines": [ 253.583279, 252.46076, 252.315684, 251.065734 ] }, { "date": "2025-10-03", "close": 254.047791, "volume": 5957556, "typical_volume": 8098490.85, "trend": 248.292065, "fair_value": 187.26886, "relative_strength": 2.027834, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.463799, "energy": 29.412076, "activity_lines": [ 254.229848, 253.051406, 252.334515, 251.479334 ] }, { "date": "2025-10-10", "close": 260.074158, "volume": 5693775, "typical_volume": 7986908.5, "trend": 249.036147, "fair_value": 188.070625, "relative_strength": 4.110031, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.240249, "energy": 53.797992, "activity_lines": [ 256.565059, 254.557993, 252.945669, 252.239469 ] }, { "date": "2025-10-17", "close": 253.953659, "volume": 5894413, "typical_volume": 7885161.4, "trend": 249.493783, "fair_value": 188.840432, "relative_strength": 3.134628, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.165261, "energy": 43.357379, "activity_lines": [ 256.044036, 254.635036, 252.971229, 252.556727 ] }, { "date": "2025-10-24", "close": 244.160828, "volume": 10704703, "typical_volume": 8121412.7, "trend": 249.486626, "fair_value": 189.521513, "relative_strength": -2.144591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.744223, "energy": 1.581624, "activity_lines": [ 252.133187, 252.863084, 252.08028, 252.212666 ] }, { "date": "2025-10-31", "close": 243.219223, "volume": 6568164, "typical_volume": 8179242.95, "trend": 250.331261, "fair_value": 190.1968, "relative_strength": -0.752026, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.990805, "energy": 24.621228, "activity_lines": [ 248.586434, 251.087709, 251.180364, 251.808317 ] }, { "date": "2025-11-07", "close": 244.255005, "volume": 5779986, "typical_volume": 7416767.6, "trend": 251.127992, "fair_value": 190.868298, "relative_strength": 0.328298, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.456761, "energy": 34.085428, "activity_lines": [ 246.307725, 249.752327, 250.46922, 251.416301 ] }, { "date": "2025-11-14", "close": 248.303955, "volume": 6532889, "typical_volume": 7343437.85, "trend": 251.75352, "fair_value": 191.567206, "relative_strength": 0.84473, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.568644, "energy": 46.962335, "activity_lines": [ 246.031519, 249.243855, 250.222158, 251.234105 ] }, { "date": "2025-11-21", "close": 249.151413, "volume": 7883029, "typical_volume": 7441913.55, "trend": 252.280707, "fair_value": 192.246322, "relative_strength": 2.934382, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.147058, "energy": 48.37791, "activity_lines": [ 246.822478, 248.880906, 250.114545, 251.066227 ] }, { "date": "2025-11-28", "close": 254.70694, "volume": 8142753, "typical_volume": 7235646.55, "trend": 252.560053, "fair_value": 192.957655, "relative_strength": 3.294311, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.631407, "energy": 11.289188, "activity_lines": [ 249.78543, 249.581126, 250.597011, 251.222758 ] }, { "date": "2025-12-05", "close": 254.23613, "volume": 6672489, "typical_volume": 7043136.9, "trend": 252.770347, "fair_value": 193.690224, "relative_strength": 1.441041, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.128803, "energy": 14.089153, "activity_lines": [ 251.888371, 250.188896, 250.984867, 251.330892 ] }, { "date": "2025-12-12", "close": 255.836884, "volume": 6201521, "typical_volume": 7002449.15, "trend": 252.701296, "fair_value": 194.430144, "relative_strength": 1.238854, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.881356, "energy": 15.468472, "activity_lines": [ 253.790436, 251.139073, 251.473611, 251.528733 ] }, { "date": "2025-12-19", "close": 264.311432, "volume": 8750629, "typical_volume": 7091530.35, "trend": 252.861371, "fair_value": 195.186309, "relative_strength": 3.270352, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.616039, "energy": 43.391107, "activity_lines": [ 257.745225, 253.597548, 252.713855, 252.277774 ] }, { "date": "2025-12-26", "close": 265.91214, "volume": 1952364, "typical_volume": 6833928.65, "trend": 253.146994, "fair_value": 195.947642, "relative_strength": 3.260207, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.821096, "energy": 62.830125, "activity_lines": [ 261.166419, 256.27002, 254.003417, 253.119759 ] }, { "date": "2026-01-02", "close": 266.947937, "volume": 3375171, "typical_volume": 6691909.4, "trend": 253.341596, "fair_value": 196.694271, "relative_strength": 1.573959, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.589129, "energy": 77.042019, "activity_lines": [ 263.815496, 258.913391, 255.316746, 254.010143 ] }, { "date": "2026-01-09", "close": 260.074158, "volume": 8172410, "typical_volume": 6793300.85, "trend": 253.272544, "fair_value": 197.432976, "relative_strength": -1.254577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.309375, "energy": 71.208805, "activity_lines": [ 263.357247, 259.892673, 255.910862, 254.444502 ] }, { "date": "2026-01-16", "close": 266.194641, "volume": 10236455, "typical_volume": 6874729.9, "trend": 253.45459, "fair_value": 198.251661, "relative_strength": -2.17076, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.506374, "energy": 70.296174, "activity_lines": [ 264.549957, 261.678317, 257.073532, 255.278185 ] }, { "date": "2026-01-23", "close": 261.769043, "volume": 6350603, "typical_volume": 6831797.0, "trend": 253.492255, "fair_value": 199.020876, "relative_strength": -2.926236, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.737072, "energy": 49.364143, "activity_lines": [ 263.576951, 262.260404, 257.734007, 255.814602 ] }, { "date": "2026-01-30", "close": 260.544952, "volume": 7938414, "typical_volume": 6878581.55, "trend": 253.445173, "fair_value": 199.76939, "relative_strength": -4.952229, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.565974, "energy": 30.214067, "activity_lines": [ 262.365407, 262.37511, 258.21154, 256.269614 ] }, { "date": "2026-02-06", "close": 273.350891, "volume": 9979266, "typical_volume": 6969356.15, "trend": 254.415036, "fair_value": 200.598537, "relative_strength": -2.631939, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.994105, "energy": 46.694523, "activity_lines": [ 265.780322, 264.611013, 259.868332, 257.553854 ] }, { "date": "2026-02-13", "close": 275.704956, "volume": 10933034, "typical_volume": 7185981.2, "trend": 255.491616, "fair_value": 201.406152, "relative_strength": -3.088084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.550217, "energy": 51.673997, "activity_lines": [ 269.553062, 266.935946, 261.658746, 258.927397 ] }, { "date": "2026-02-20", "close": 287.286835, "volume": 8221143, "typical_volume": 7299160.55, "trend": 256.92915, "fair_value": 202.250416, "relative_strength": -2.342997, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.10429, "energy": 83.066382, "activity_lines": [ 276.144375, 270.976334, 264.463415, 260.978702 ] }, { "date": "2026-02-27", "close": 283.897003, "volume": 7742355, "typical_volume": 7401589.55, "trend": 258.303908, "fair_value": 203.064704, "relative_strength": -3.856204, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.175922, "energy": 86.030452, "activity_lines": [ 280.199597, 273.828571, 266.786962, 262.718563 ] }, { "date": "2026-03-06", "close": 274.763336, "volume": 9623136, "typical_volume": 7588025.7, "trend": 259.123113, "fair_value": 203.864343, "relative_strength": -7.395179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.576709, "energy": 78.380307, "activity_lines": [ 279.735067, 274.66404, 268.127194, 263.780462 ] }, { "date": "2026-03-13", "close": 273.915894, "volume": 8611940, "typical_volume": 7483387.55, "trend": 259.807353, "fair_value": 204.7284, "relative_strength": -9.46954, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.674447, "energy": 61.400841, "activity_lines": [ 278.040163, 275.184498, 269.287624, 264.734835 ] }, { "date": "2026-03-20", "close": 272.691803, "volume": 13790986, "typical_volume": 7844528.65, "trend": 260.328381, "fair_value": 205.600375, "relative_strength": -10.618093, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.435036, "energy": 40.666142, "activity_lines": [ 275.899563, 275.355704, 270.189782, 265.56609 ] }, { "date": "2026-03-27", "close": 272.597626, "volume": 9036422, "typical_volume": 8007350.45, "trend": 261.106783, "fair_value": 206.439004, "relative_strength": -11.065165, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.983184, "energy": 24.360599, "activity_lines": [ 273.928447, 275.280375, 270.942626, 266.357654 ] }, { "date": "2026-04-03", "close": 286.533508, "volume": 5030394, "typical_volume": 7932225.7, "trend": 262.396794, "fair_value": 207.353383, "relative_strength": -9.588328, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.233555, "energy": 35.722691, "activity_lines": [ 277.581905, 277.622425, 272.887732, 267.998088 ] }, { "date": "2026-04-10", "close": 290.488312, "volume": 9099410, "typical_volume": 7993044.75, "trend": 263.677391, "fair_value": 208.255521, "relative_strength": -7.751752, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.434007, "energy": 48.730696, "activity_lines": [ 282.377865, 280.233267, 275.02744, 269.810444 ] }, { "date": "2026-04-17", "close": 286.533508, "volume": 12302696, "typical_volume": 8201041.9, "trend": 264.750831, "fair_value": 209.125758, "relative_strength": -5.3754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.89007, "energy": 55.013629, "activity_lines": [ 284.807224, 281.580629, 276.593658, 271.285032 ] }, { "date": "2026-04-24", "close": 277.200012, "volume": 13981781, "typical_volume": 8566506.5, "trend": 265.422132, "fair_value": 209.929737, "relative_strength": -9.406801, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.076441, "energy": 46.83792, "activity_lines": [ 283.284245, 280.991308, 277.119416, 272.088205 ] }, { "date": "2026-05-01", "close": 280.600006, "volume": 6913054, "typical_volume": 8602083.15, "trend": 266.307206, "fair_value": 210.764866, "relative_strength": -9.127688, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.364682, "energy": 38.21426, "activity_lines": [ 282.594049, 280.992985, 277.859631, 273.067423 ] }, { "date": "2026-05-08", "close": 280.100006, "volume": 8577464, "typical_volume": 8593424.9, "trend": 266.974735, "fair_value": 211.603286, "relative_strength": -6.799571, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.272127, "energy": 29.110295, "activity_lines": [ 281.203695, 281.025331, 278.434308, 273.957281 ] }, { "date": "2026-05-15", "close": 280.5, "volume": 6906652, "typical_volume": 8841139.3, "trend": 267.859613, "fair_value": 212.428679, "relative_strength": -8.570192, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.542928, "energy": 19.219077, "activity_lines": [ 280.375572, 281.19944, 278.971896, 274.829879 ] }, { "date": "2026-05-22", "close": 291.700012, "volume": 7988013, "typical_volume": 9071781.4, "trend": 269.444252, "fair_value": 213.332623, "relative_strength": -5.818538, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.945152, "energy": 37.703801, "activity_lines": [ 283.946673, 283.305612, 280.506686, 276.367969 ] }, { "date": "2026-05-29", "close": 287.399994, "volume": 13096402, "typical_volume": 9317981.0, "trend": 270.916944, "fair_value": 214.184575, "relative_strength": -4.947736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.166378, "energy": 37.225004, "activity_lines": [ 285.740002, 284.306614, 281.514083, 277.526404 ] }, { "date": "2026-06-05", "close": 284.399994, "volume": 1486491, "typical_volume": 8880482.8, "trend": 272.255111, "fair_value": 214.998326, "relative_strength": -5.836497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.588806, "energy": 40.491812, "activity_lines": [ 285.853333, 284.494741, 282.105642, 278.396278 ] }, { "date": "2026-06-12", "close": 291.0, "volume": 1740922, "typical_volume": 8649998.75, "trend": 273.678312, "fair_value": 215.847628, "relative_strength": -3.042643, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.965944, "energy": 55.531063, "activity_lines": [ 287.913332, 285.66828, 283.239082, 279.605626 ] }, { "date": "2026-06-19", "close": 295.0, "volume": 3375460, "typical_volume": 8421851.05, "trend": 275.206598, "fair_value": 216.74622, "relative_strength": 0.64198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.890892, "energy": 60.957469, "activity_lines": [ 290.579999, 287.487883, 284.614279, 280.981218 ] }, { "date": "2026-06-26", "close": 293.299988, "volume": 1289789, "typical_volume": 7987377.2, "trend": 276.493033, "fair_value": 217.583239, "relative_strength": 2.789579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.048678, "energy": 59.890763, "activity_lines": [ 291.713328, 288.916362, 285.663498, 282.148534 ] }, { "date": "2026-07-03", "close": 297.600006, "volume": 1614586, "typical_volume": 7521454.8, "trend": 277.938496, "fair_value": 218.456139, "relative_strength": 2.067362, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.444619, "energy": 75.424398, "activity_lines": [ 294.173332, 291.003635, 287.027247, 283.510274 ] }, { "date": "2026-07-10", "close": 298.799988, "volume": 7077208, "typical_volume": 7464258.05, "trend": 279.370599, "fair_value": 219.33673, "relative_strength": 3.03128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.560297, "energy": 77.029306, "activity_lines": [ 296.353329, 292.938179, 288.401018, 284.856177 ] }, { "date": "2026-07-17", "close": 296.399994, "volume": 8606715, "typical_volume": 7507476.05, "trend": 280.440218, "fair_value": 220.159839, "relative_strength": 0.890922, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.139993, "energy": 63.555639, "activity_lines": [ 296.773328, 294.105451, 289.491394, 285.954847 ] }, { "date": "2026-07-24", "close": 298.700012, "volume": 6946168, "typical_volume": 7373627.65, "trend": 281.533147, "fair_value": 220.991454, "relative_strength": -0.838665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.337769, "energy": 66.004474, "activity_lines": [ 297.6, 295.394544, 290.741281, 287.132899 ] }, { "date": "2026-07-31", "close": 304.899994, "volume": 4828162, "typical_volume": 7184438.75, "trend": 282.798216, "fair_value": 221.860215, "relative_strength": 0.691233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.789996, "energy": 63.976096, "activity_lines": [ 300.246665, 297.479998, 292.467658, 288.640437 ] }, { "date": "2026-08-07", "close": 308.200012, "volume": 5180490, "typical_volume": 6753913.95, "trend": 284.402411, "fair_value": 222.732978, "relative_strength": 1.410363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.599657, "energy": 69.103931, "activity_lines": [ 303.220003, 299.925455, 294.36078, 290.279263 ] } ], "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." } } }