{ "ticker": { "uuid": "8902c3c0-f840-4d07-804c-5f8a09e6975a", "symbol": "NTR", "name": "Nutrien Ltd", "exchange": "NYSE", "country": "US", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 90.448, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -40.323, "architecture_energy": 23.809, "architecture_maturity": 49.244, "architecture_confidence": 68.676, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 46.08, "rotation_up": 32.62, "upward_expansion": 20.79, "deceleration": 42.93, "rotation_down": 25.54, "downward_expansion": 54.79 }, "activity_lines": [ 66.844667, 65.980191, 66.993785, 68.532983 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 64.42, "trend_reference": 69.779911, "distance_from_trend": -0.076812, "trend_direction": "Improving", "fair_value": 54.85983, "distance_from_fair_value": 0.174265, "fair_value_direction": "Weakening", "relative_strength": -11.195299, "relative_strength_direction": "Weakening", "price_momentum": -0.054226, "excess_performance": -0.179851, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.076812, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.030762, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.174265, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.082956, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.111953, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.07648, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.054226, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.205182, "read": "Demand-led" } ], "volume": { "latest": 15104494, "relative_activity": 1.068845, "balance": 1.205182, "dry_up": 0.818773, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.062613, "annualized_volatility": 0.335819, "from_high_reference": -0.239812, "from_low_reference": 0.234443 }, "levels": { "trend_reference": 69.779911, "fair_value_reference": 54.85983, "structural_low": 59.20274, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.009925, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.016276, "regime_survival": 0.722222, "best_return": 0.102498, "worst_return": -0.178802, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.051137, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.079277, "regime_survival": 0.5, "best_return": 0.048499, "worst_return": -0.097501, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.084349, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.199136, "regime_survival": 0.25, "best_return": 0.113526, "worst_return": -0.144176, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.103781, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.39741, "regime_survival": 0.0, "best_return": 0.401522, "worst_return": -0.254211, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-29", "end": "2024-05-17", "tenure": "Developing", "return": 0.063524, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-07-05", "tenure": "Developing", "return": -0.142718, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-12", "end": "2024-08-09", "tenure": "Developing", "return": -0.075282, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-10-25", "tenure": "Developing", "return": 0.035185, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-12-27", "tenure": "Developing", "return": -0.083747, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": 0.03502, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.022278, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-08-08", "tenure": "Extended", "return": 0.100676, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-10-24", "tenure": "Developing", "return": 0.027636, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-12-19", "tenure": "Developing", "return": 0.143802, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-04-10", "tenure": "Established", "return": 0.193938, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-17", "end": "2026-06-12", "tenure": "Developing", "return": -0.050774, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-07-17", "tenure": "Developing", "return": 0.079666, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.054038, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 55.227768, "volume": 11173570, "typical_volume": 12257561.3, "trend": 60.369916, "fair_value": 59.222339, "relative_strength": -21.844022, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.700721, "energy": 19.128393, "activity_lines": [ 58.067472, 57.113354, 55.84696, 57.402166 ] }, { "date": "2023-08-25", "close": 54.769558, "volume": 7385509, "typical_volume": 12250887.2, "trend": 59.814352, "fair_value": 59.379208, "relative_strength": -22.239462, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.300338, "energy": 13.64992, "activity_lines": [ 56.831802, 56.8825, 55.692221, 57.040852 ] }, { "date": "2023-09-01", "close": 58.030935, "volume": 6807623, "typical_volume": 12095585.7, "trend": 59.304147, "fair_value": 59.554425, "relative_strength": -18.900346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.01955, "energy": 11.929566, "activity_lines": [ 56.880918, 57.221349, 55.875661, 56.925793 ] }, { "date": "2023-09-08", "close": 56.494584, "volume": 5176029, "typical_volume": 11930975.7, "trend": 58.828184, "fair_value": 59.708982, "relative_strength": -19.269552, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.534549, "energy": 20.377406, "activity_lines": [ 56.606591, 57.17708, 55.945685, 56.744531 ] }, { "date": "2023-09-15", "close": 57.527802, "volume": 6695888, "typical_volume": 11952828.8, "trend": 58.544309, "fair_value": 59.860554, "relative_strength": -17.014125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.998672, "energy": 14.030931, "activity_lines": [ 56.831802, 57.258104, 56.144536, 56.660635 ] }, { "date": "2023-09-22", "close": 55.694963, "volume": 6525541, "typical_volume": 11593693.55, "trend": 58.135692, "fair_value": 60.010091, "relative_strength": -16.533585, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.784758, "energy": 12.964642, "activity_lines": [ 56.593414, 56.954591, 56.189161, 56.476807 ] }, { "date": "2023-09-29", "close": 55.955571, "volume": 7414762, "typical_volume": 10799969.6, "trend": 57.560728, "fair_value": 60.164577, "relative_strength": -14.767139, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.600954, "energy": 14.489648, "activity_lines": [ 56.410748, 56.675591, 56.269178, 56.336154 ] }, { "date": "2023-10-06", "close": 53.192221, "volume": 12192733, "typical_volume": 10440488.15, "trend": 57.101099, "fair_value": 60.28888, "relative_strength": -18.545544, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.40296, "energy": 25.559327, "activity_lines": [ 55.227898, 55.926508, 56.073512, 56.054314 ] }, { "date": "2023-10-13", "close": 54.732449, "volume": 8222765, "typical_volume": 10055343.9, "trend": 56.782979, "fair_value": 60.427231, "relative_strength": -15.866585, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.162962, "energy": 26.233789, "activity_lines": [ 54.881038, 55.596899, 56.033921, 55.901498 ] }, { "date": "2023-10-20", "close": 53.817372, "volume": 6170523, "typical_volume": 9400103.85, "trend": 56.462056, "fair_value": 60.552583, "relative_strength": -14.505695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.560051, "energy": 40.145386, "activity_lines": [ 54.346628, 55.175261, 55.883537, 55.710169 ] }, { "date": "2023-10-27", "close": 50.274848, "volume": 8440264, "typical_volume": 8936037.7, "trend": 55.945889, "fair_value": 60.659929, "relative_strength": -17.400228, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.190014, "energy": 62.600213, "activity_lines": [ 52.878739, 54.217174, 55.371819, 55.310994 ] }, { "date": "2023-11-03", "close": 50.93624, "volume": 11785349, "typical_volume": 9018337.5, "trend": 55.625109, "fair_value": 60.776164, "relative_strength": -20.366925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.785354, "energy": 65.276054, "activity_lines": [ 51.992655, 53.469394, 54.932972, 54.987791 ] }, { "date": "2023-11-10", "close": 48.517176, "volume": 12048295, "typical_volume": 9135191.05, "trend": 55.07766, "fair_value": 60.865374, "relative_strength": -24.575735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.003156, "energy": 76.166464, "activity_lines": [ 50.634838, 52.351481, 54.275895, 54.529215 ] }, { "date": "2023-11-17", "close": 51.226165, "volume": 8802383, "typical_volume": 8959907.5, "trend": 54.689076, "fair_value": 60.95425, "relative_strength": -21.541332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.311258, "energy": 69.896064, "activity_lines": [ 50.491688, 51.899089, 53.89494, 54.280731 ] }, { "date": "2023-11-24", "close": 50.727856, "volume": 4804877, "typical_volume": 8803920.0, "trend": 54.320092, "fair_value": 61.018376, "relative_strength": -22.356103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.754225, "energy": 61.888579, "activity_lines": [ 50.416186, 51.451884, 53.475228, 54.025169 ] }, { "date": "2023-12-01", "close": 50.419811, "volume": 7989568, "typical_volume": 8729979.95, "trend": 54.070253, "fair_value": 61.073976, "relative_strength": -22.816144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.983401, "energy": 52.765999, "activity_lines": [ 50.443971, 51.072307, 53.045126, 53.773537 ] }, { "date": "2023-12-08", "close": 49.30541, "volume": 7144679, "typical_volume": 8570474.45, "trend": 53.936128, "fair_value": 61.130832, "relative_strength": -24.028101, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.670792, "energy": 44.380359, "activity_lines": [ 50.090625, 50.586023, 52.52802, 53.466128 ] }, { "date": "2023-12-15", "close": 49.731238, "volume": 10954025, "typical_volume": 8575731.75, "trend": 53.755053, "fair_value": 61.197129, "relative_strength": -24.510127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.426914, "energy": 40.861241, "activity_lines": [ 49.987943, 50.298075, 52.091608, 53.194845 ] }, { "date": "2023-12-22", "close": 51.706354, "volume": 6752899, "typical_volume": 8265969.1, "trend": 53.819687, "fair_value": 61.278675, "relative_strength": -21.563848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.418327, "energy": 30.979824, "activity_lines": [ 50.462695, 50.432165, 51.896301, 53.062671 ] }, { "date": "2023-12-29", "close": 51.514307, "volume": 3958428, "typical_volume": 8022285.5, "trend": 53.910568, "fair_value": 61.352018, "relative_strength": -21.444088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.816424, "energy": 26.754016, "activity_lines": [ 50.84142, 50.586358, 51.716586, 52.913937 ] }, { "date": "2024-01-05", "close": 51.377131, "volume": 5766793, "typical_volume": 7751946.65, "trend": 53.878151, "fair_value": 61.407201, "relative_strength": -19.64253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.448453, "energy": 20.671318, "activity_lines": [ 51.121989, 50.757484, 51.562967, 52.750489 ] }, { "date": "2024-01-12", "close": 46.85031, "volume": 11841487, "typical_volume": 7974745.55, "trend": 53.656847, "fair_value": 61.421419, "relative_strength": -27.343176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.00078, "energy": 37.68364, "activity_lines": [ 49.829796, 50.085509, 50.996558, 52.29708 ] }, { "date": "2024-01-19", "close": 47.051502, "volume": 11820524, "typical_volume": 8225390.6, "trend": 53.481132, "fair_value": 61.441939, "relative_strength": -27.059167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.188866, "energy": 52.20768, "activity_lines": [ 48.768341, 49.524405, 50.487022, 51.870929 ] }, { "date": "2024-01-26", "close": 46.511941, "volume": 10042051, "typical_volume": 8468691.7, "trend": 53.263079, "fair_value": 61.47783, "relative_strength": -27.766309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.90587, "energy": 68.830973, "activity_lines": [ 47.705681, 48.891847, 49.978381, 51.421304 ] }, { "date": "2024-02-02", "close": 46.630827, "volume": 8688465, "typical_volume": 8568320.55, "trend": 52.993884, "fair_value": 61.491066, "relative_strength": -27.690501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.007325, "energy": 74.065963, "activity_lines": [ 47.028944, 48.366618, 49.5286, 50.993416 ] }, { "date": "2024-02-09", "close": 44.91155, "volume": 8854007, "typical_volume": 8684743.85, "trend": 52.676365, "fair_value": 61.480215, "relative_strength": -30.421184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.829484, "energy": 79.280756, "activity_lines": [ 46.10468, 47.603285, 48.966968, 50.471975 ] }, { "date": "2024-02-16", "close": 46.749714, "volume": 7837649, "typical_volume": 8705888.2, "trend": 52.310207, "fair_value": 61.478532, "relative_strength": -26.549021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.770345, "energy": 69.621385, "activity_lines": [ 46.224176, 47.274314, 48.631749, 50.089611 ] }, { "date": "2024-02-23", "close": 48.688473, "volume": 10604066, "typical_volume": 8626454.85, "trend": 51.904455, "fair_value": 61.502826, "relative_strength": -23.8607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.957608, "energy": 42.515977, "activity_lines": [ 46.996631, 47.344311, 48.525011, 49.855951 ] }, { "date": "2024-03-01", "close": 47.773964, "volume": 9213095, "typical_volume": 8675971.35, "trend": 51.536201, "fair_value": 61.517897, "relative_strength": -24.979604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.49441, "energy": 32.026151, "activity_lines": [ 47.355119, 47.266993, 48.352623, 49.589467 ] }, { "date": "2024-03-08", "close": 48.37754, "volume": 8997684, "typical_volume": 8817329.4, "trend": 51.157519, "fair_value": 61.516355, "relative_strength": -22.888524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.248702, "energy": 20.190054, "activity_lines": [ 47.830664, 47.370915, 48.270855, 49.385683 ] }, { "date": "2024-03-15", "close": 49.164018, "volume": 11302019, "typical_volume": 8960417.15, "trend": 50.955394, "fair_value": 61.527535, "relative_strength": -20.712127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.128953, "energy": 20.701834, "activity_lines": [ 48.45192, 47.674864, 48.289893, 49.25707 ] }, { "date": "2024-03-22", "close": 47.764819, "volume": 10000184, "typical_volume": 8871158.9, "trend": 50.721903, "fair_value": 61.534813, "relative_strength": -23.794915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.142647, "energy": 16.865158, "activity_lines": [ 48.323279, 47.764653, 48.180964, 49.051226 ] }, { "date": "2024-03-29", "close": 50.167095, "volume": 10192785, "typical_volume": 8778383.4, "trend": 50.459775, "fair_value": 61.563304, "relative_strength": -19.382351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.250088, "energy": 12.691267, "activity_lines": [ 48.927723, 48.274591, 48.315925, 49.015432 ] }, { "date": "2024-04-05", "close": 52.430203, "volume": 11798367, "typical_volume": 8928182.6, "trend": 50.324296, "fair_value": 61.603989, "relative_strength": -14.31248, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.83453, "energy": 20.85618, "activity_lines": [ 50.187962, 49.139356, 48.658563, 49.142556 ] }, { "date": "2024-04-12", "close": 48.883128, "volume": 9803037, "typical_volume": 9178090.6, "trend": 50.03614, "fair_value": 61.61602, "relative_strength": -18.069046, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.095944, "energy": 15.428851, "activity_lines": [ 49.955426, 49.251594, 48.657651, 49.049578 ] }, { "date": "2024-04-19", "close": 48.753807, "volume": 7177780, "typical_volume": 9137501.2, "trend": 49.804768, "fair_value": 61.638894, "relative_strength": -14.907467, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.438293, "energy": 14.803021, "activity_lines": [ 49.646078, 49.299368, 48.653207, 48.966847 ] }, { "date": "2024-04-26", "close": 48.541352, "volume": 6391903, "typical_volume": 9099862.4, "trend": 49.557627, "fair_value": 61.653198, "relative_strength": -16.697187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.861684, "energy": 10.970975, "activity_lines": [ 49.293258, 49.238654, 48.636463, 48.885336 ] }, { "date": "2024-05-03", "close": 48.892365, "volume": 8308647, "typical_volume": 8967593.5, "trend": 49.414299, "fair_value": 61.636404, "relative_strength": -15.932459, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.151938, "energy": 14.880046, "activity_lines": [ 49.005674, 49.209186, 48.656787, 48.842416 ] }, { "date": "2024-05-10", "close": 53.732644, "volume": 10463116, "typical_volume": 9153104.35, "trend": 49.380972, "fair_value": 61.655209, "relative_strength": -8.868049, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.500051, "energy": 23.452813, "activity_lines": [ 50.416499, 50.056062, 49.142084, 49.121019 ] }, { "date": "2024-05-17", "close": 53.35392, "volume": 6797050, "typical_volume": 9295035.45, "trend": 49.365524, "fair_value": 61.674706, "relative_strength": -10.481284, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.022911, "energy": 57.926531, "activity_lines": [ 51.614252, 50.725738, 49.581664, 49.377338 ] }, { "date": "2024-05-24", "close": 54.370009, "volume": 7757071, "typical_volume": 9394549.35, "trend": 49.502029, "fair_value": 61.688936, "relative_strength": -8.500873, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.911417, "energy": 73.491436, "activity_lines": [ 52.852649, 51.489679, 50.109254, 49.700208 ] }, { "date": "2024-05-31", "close": 54.13908, "volume": 5425513, "typical_volume": 9073750.65, "trend": 49.60879, "fair_value": 61.688885, "relative_strength": -8.327465, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.393306, "energy": 75.857788, "activity_lines": [ 53.639657, 52.116978, 50.600599, 49.999373 ] }, { "date": "2024-06-07", "close": 51.183184, "volume": 6978581, "typical_volume": 8831653.5, "trend": 49.697657, "fair_value": 61.667896, "relative_strength": -14.001196, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.106952, "energy": 64.807425, "activity_lines": [ 53.068183, 52.090946, 50.775721, 50.100946 ] }, { "date": "2024-06-14", "close": 47.312808, "volume": 10027152, "typical_volume": 8830908.55, "trend": 49.567212, "fair_value": 61.659049, "relative_strength": -21.301726, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.037654, "energy": 15.113052, "activity_lines": [ 51.053864, 51.342735, 50.562562, 49.947085 ] }, { "date": "2024-06-21", "close": 47.636109, "volume": 7602087, "typical_volume": 8776589.65, "trend": 49.464154, "fair_value": 61.635923, "relative_strength": -20.790333, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.959383, "energy": 15.813563, "activity_lines": [ 49.5753, 50.74635, 50.376379, 49.822498 ] }, { "date": "2024-06-28", "close": 47.525263, "volume": 8113485, "typical_volume": 8739563.55, "trend": 49.367669, "fair_value": 61.610785, "relative_strength": -20.461112, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -21.084345, "energy": 29.832497, "activity_lines": [ 48.440975, 50.152483, 50.174853, 49.697408 ] }, { "date": "2024-07-05", "close": 46.610418, "volume": 6580596, "typical_volume": 8676710.9, "trend": 49.277836, "fair_value": 61.577778, "relative_strength": -22.884195, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -27.996091, "energy": 37.06803, "activity_lines": [ 47.458018, 49.414619, 49.873752, 49.519521 ] }, { "date": "2024-07-12", "close": 46.377039, "volume": 12968509, "typical_volume": 8794933.05, "trend": 49.166029, "fair_value": 61.553249, "relative_strength": -23.462412, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.84086, "energy": 54.571543, "activity_lines": [ 46.899179, 48.669429, 49.551089, 49.332373 ] }, { "date": "2024-07-19", "close": 47.170527, "volume": 9374310, "typical_volume": 8802993.8, "trend": 49.014835, "fair_value": 61.535107, "relative_strength": -19.973636, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.992625, "energy": 48.047631, "activity_lines": [ 46.925245, 48.114244, 49.315002, 49.203631 ] }, { "date": "2024-07-26", "close": 47.814653, "volume": 8169434, "typical_volume": 8761581.3, "trend": 48.891513, "fair_value": 61.51963, "relative_strength": -17.504792, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.500046, "energy": 30.385902, "activity_lines": [ 47.175506, 47.795483, 49.143134, 49.1262 ] }, { "date": "2024-08-02", "close": 44.734052, "volume": 7550538, "typical_volume": 8574007.25, "trend": 48.670077, "fair_value": 61.483864, "relative_strength": -20.436224, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.631588, "energy": 35.528747, "activity_lines": [ 46.386997, 47.017328, 48.680556, 48.857976 ] }, { "date": "2024-08-09", "close": 42.885692, "volume": 20031763, "typical_volume": 9075586.2, "trend": 48.537923, "fair_value": 61.413971, "relative_strength": -22.957647, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.878214, "energy": 63.640205, "activity_lines": [ 45.168448, 46.078306, 48.063038, 48.48479 ] }, { "date": "2024-08-16", "close": 43.669845, "volume": 10488299, "typical_volume": 9090361.9, "trend": 48.425201, "fair_value": 61.372305, "relative_strength": -23.872179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.361764, "energy": 70.481671, "activity_lines": [ 44.459599, 45.486464, 47.543436, 48.170721 ] }, { "date": "2024-08-23", "close": 45.032777, "volume": 7075450, "typical_volume": 8854216.05, "trend": 48.375896, "fair_value": 61.328805, "relative_strength": -21.919082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.445857, "energy": 70.758538, "activity_lines": [ 44.38554, 45.279034, 47.184576, 47.951855 ] }, { "date": "2024-08-30", "close": 45.20081, "volume": 6540097, "typical_volume": 8691069.05, "trend": 48.328229, "fair_value": 61.287033, "relative_strength": -21.100301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.082888, "energy": 64.120772, "activity_lines": [ 44.510009, 45.143611, 46.876946, 47.74701 ] }, { "date": "2024-09-06", "close": 43.249763, "volume": 7322206, "typical_volume": 8698290.35, "trend": 48.272836, "fair_value": 61.228146, "relative_strength": -20.517704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.528315, "energy": 56.782355, "activity_lines": [ 44.158385, 44.69773, 46.401036, 47.419367 ] }, { "date": "2024-09-13", "close": 43.632504, "volume": 11634175, "typical_volume": 8960403.95, "trend": 48.168929, "fair_value": 61.166076, "relative_strength": -22.107878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.569196, "energy": 50.553853, "activity_lines": [ 44.033293, 44.399175, 45.987787, 47.119991 ] }, { "date": "2024-09-20", "close": 43.931229, "volume": 10999392, "typical_volume": 9094941.2, "trend": 48.010354, "fair_value": 61.095839, "relative_strength": -21.864113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.032723, "energy": 46.093616, "activity_lines": [ 43.95799, 44.209077, 45.626364, 46.846591 ] }, { "date": "2024-09-27", "close": 45.54621, "volume": 11054601, "typical_volume": 9124515.45, "trend": 47.936095, "fair_value": 61.020959, "relative_strength": -18.610204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.729888, "energy": 36.402594, "activity_lines": [ 44.403588, 44.357082, 45.442373, 46.687614 ] }, { "date": "2024-10-04", "close": 47.028232, "volume": 8921113, "typical_volume": 9230718.6, "trend": 47.891118, "fair_value": 60.939256, "relative_strength": -15.462187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.261483, "energy": 20.237154, "activity_lines": [ 45.308964, 44.804078, 45.43851, 46.629042 ] }, { "date": "2024-10-11", "close": 46.301381, "volume": 10022562, "typical_volume": 9343993.15, "trend": 47.795697, "fair_value": 60.847163, "relative_strength": -16.915542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.138502, "energy": 20.668648, "activity_lines": [ 45.850228, 45.133218, 45.395545, 46.526479 ] }, { "date": "2024-10-18", "close": 45.008152, "volume": 10906994, "typical_volume": 9618067.2, "trend": 47.703808, "fair_value": 60.753112, "relative_strength": -19.078351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.341632, "energy": 22.181452, "activity_lines": [ 45.756975, 45.198728, 45.267838, 46.346637 ] }, { "date": "2024-10-25", "close": 45.206384, "volume": 9878928, "typical_volume": 9763084.55, "trend": 47.538451, "fair_value": 60.66126, "relative_strength": -17.172674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.04386, "energy": 15.459318, "activity_lines": [ 45.63809, 45.261691, 45.20249, 46.185513 ] }, { "date": "2024-11-01", "close": 45.650046, "volume": 9535915, "typical_volume": 9738522.7, "trend": 47.312446, "fair_value": 60.588356, "relative_strength": -14.510854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.325343, "energy": 10.755986, "activity_lines": [ 45.582081, 45.377382, 45.207857, 46.06368 ] }, { "date": "2024-11-08", "close": 45.612288, "volume": 11989534, "typical_volume": 9957895.05, "trend": 47.203418, "fair_value": 60.50784, "relative_strength": -17.861205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.170667, "energy": 13.005947, "activity_lines": [ 45.506564, 45.474985, 45.217546, 45.953993 ] }, { "date": "2024-11-15", "close": 43.601647, "volume": 14113012, "typical_volume": 10257871.4, "trend": 47.031679, "fair_value": 60.416782, "relative_strength": -19.131934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.507238, "energy": 26.467329, "activity_lines": [ 44.85523, 45.199536, 45.045383, 45.72162 ] }, { "date": "2024-11-22", "close": 44.300179, "volume": 10236525, "typical_volume": 10440667.85, "trend": 46.890307, "fair_value": 60.331295, "relative_strength": -18.527018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.301769, "energy": 25.306768, "activity_lines": [ 44.616722, 45.044694, 44.95843, 45.545394 ] }, { "date": "2024-11-29", "close": 44.045309, "volume": 5797673, "typical_volume": 10082126.05, "trend": 46.728738, "fair_value": 60.244992, "relative_strength": -19.292601, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.88694, "energy": 32.987291, "activity_lines": [ 44.340455, 44.831373, 44.858205, 45.361846 ] }, { "date": "2024-12-06", "close": 45.244142, "volume": 8908188, "typical_volume": 10058819.95, "trend": 46.445788, "fair_value": 60.151144, "relative_strength": -17.212994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.153638, "energy": 27.859147, "activity_lines": [ 44.541204, 44.833947, 44.883258, 45.266066 ] }, { "date": "2024-12-13", "close": 45.480133, "volume": 9519777, "typical_volume": 10126337.1, "trend": 46.183329, "fair_value": 60.05597, "relative_strength": -15.714031, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.865119, "energy": 18.177339, "activity_lines": [ 44.847678, 44.884921, 44.93996, 45.203765 ] }, { "date": "2024-12-20", "close": 42.081867, "volume": 11048065, "typical_volume": 10301213.45, "trend": 45.773724, "fair_value": 59.916357, "relative_strength": -19.875892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.952375, "energy": 32.717038, "activity_lines": [ 44.030206, 44.346176, 44.684134, 44.939155 ] }, { "date": "2024-12-27", "close": 41.826997, "volume": 5239967, "typical_volume": 9561623.65, "trend": 45.363321, "fair_value": 59.771434, "relative_strength": -20.195954, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.757592, "energy": 45.620992, "activity_lines": [ 43.229096, 43.837809, 44.416664, 44.684527 ] }, { "date": "2025-01-03", "close": 44.739216, "volume": 10290263, "typical_volume": 9551721.85, "trend": 45.148522, "fair_value": 59.678519, "relative_strength": -13.525717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.466661, "energy": 35.013588, "activity_lines": [ 43.563605, 43.916776, 44.43159, 44.644263 ] }, { "date": "2025-01-10", "close": 46.305996, "volume": 8907289, "typical_volume": 9643313.8, "trend": 45.114962, "fair_value": 59.579993, "relative_strength": -8.331576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.061812, "energy": 14.369828, "activity_lines": [ 44.374113, 44.289106, 44.590641, 44.718938 ] }, { "date": "2025-01-17", "close": 49.31536, "volume": 11531530, "typical_volume": 9892885.45, "trend": 45.170937, "fair_value": 59.50713, "relative_strength": -4.824246, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.733085, "energy": 31.515347, "activity_lines": [ 46.116953, 45.196666, 45.030235, 44.989932 ] }, { "date": "2025-01-24", "close": 50.414017, "volume": 10162888, "typical_volume": 10034919.55, "trend": 45.267229, "fair_value": 59.453613, "relative_strength": -4.074598, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 76.968605, "energy": 69.319745, "activity_lines": [ 47.970329, 46.236654, 45.554869, 45.328195 ] }, { "date": "2025-01-31", "close": 49.324914, "volume": 9064283, "typical_volume": 9906424.95, "trend": 45.357712, "fair_value": 59.372078, "relative_strength": -4.900569, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.497396, "energy": 74.60033, "activity_lines": [ 48.905195, 46.954762, 45.941665, 45.589981 ] }, { "date": "2025-02-07", "close": 48.035186, "volume": 12674055, "typical_volume": 9990158.1, "trend": 45.412984, "fair_value": 59.261019, "relative_strength": -7.001198, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.612834, "energy": 73.027838, "activity_lines": [ 48.91029, 47.347014, 46.178522, 45.762721 ] }, { "date": "2025-02-14", "close": 48.627506, "volume": 10120277, "typical_volume": 9943441.9, "trend": 45.46155, "fair_value": 59.156503, "relative_strength": -6.920331, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.939516, "energy": 67.204118, "activity_lines": [ 48.893094, 47.774419, 46.452248, 45.97011 ] }, { "date": "2025-02-21", "close": 50.242054, "volume": 14314542, "typical_volume": 10213113.35, "trend": 45.542463, "fair_value": 59.032457, "relative_strength": -1.971513, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.484362, "energy": 49.464859, "activity_lines": [ 49.259313, 48.433861, 46.865068, 46.278529 ] }, { "date": "2025-02-28", "close": 50.022322, "volume": 12406313, "typical_volume": 10332300.9, "trend": 45.718739, "fair_value": 58.831369, "relative_strength": -1.228188, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.717448, "energy": 43.169959, "activity_lines": [ 49.490509, 48.966772, 47.241656, 46.567553 ] }, { "date": "2025-03-07", "close": 48.799469, "volume": 15937676, "typical_volume": 10583835.0, "trend": 45.915864, "fair_value": 58.587234, "relative_strength": -0.339956, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.350753, "energy": 37.825111, "activity_lines": [ 49.3402, 49.132975, 47.484064, 46.766309 ] }, { "date": "2025-03-14", "close": 48.522417, "volume": 10207437, "typical_volume": 10600260.45, "trend": 46.077617, "fair_value": 58.350936, "relative_strength": 1.658879, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.360842, "energy": 34.114554, "activity_lines": [ 49.132569, 49.122032, 47.682032, 46.934474 ] }, { "date": "2025-03-21", "close": 50.136965, "volume": 8308999, "typical_volume": 10538914.65, "trend": 46.247757, "fair_value": 58.076762, "relative_strength": 4.60179, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.452756, "energy": 36.069292, "activity_lines": [ 49.43064, 49.335857, 48.017976, 47.196368 ] }, { "date": "2025-03-28", "close": 47.863223, "volume": 10189638, "typical_volume": 10448919.85, "trend": 46.336504, "fair_value": 57.810928, "relative_strength": 1.605872, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.289662, "energy": 21.723031, "activity_lines": [ 48.870166, 49.066621, 48.116007, 47.300591 ] }, { "date": "2025-04-04", "close": 45.78064, "volume": 14158344, "typical_volume": 10451186.45, "trend": 46.420866, "fair_value": 57.519327, "relative_strength": 7.162041, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.313146, "energy": 12.954006, "activity_lines": [ 47.774086, 48.445136, 48.004978, 47.264729 ] }, { "date": "2025-04-11", "close": 49.412185, "volume": 17901593, "typical_volume": 10834439.85, "trend": 46.613522, "fair_value": 57.218005, "relative_strength": 9.562997, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.905935, "energy": 16.953162, "activity_lines": [ 48.1713, 48.568175, 48.229434, 47.457717 ] }, { "date": "2025-04-18", "close": 50.706405, "volume": 9167135, "typical_volume": 11002912.95, "trend": 46.839361, "fair_value": 56.970176, "relative_strength": 14.128967, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.929625, "energy": 23.460666, "activity_lines": [ 48.959073, 48.92494, 48.552807, 47.721774 ] }, { "date": "2025-04-25", "close": 52.203451, "volume": 9737294, "typical_volume": 11044368.25, "trend": 47.061269, "fair_value": 56.762625, "relative_strength": 12.377125, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.526989, "energy": 39.210729, "activity_lines": [ 50.100262, 49.505328, 48.987035, 48.067845 ] }, { "date": "2025-05-02", "close": 54.888476, "volume": 13769521, "typical_volume": 11256855.45, "trend": 47.323278, "fair_value": 56.541715, "relative_strength": 14.796269, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.932411, "energy": 71.923568, "activity_lines": [ 51.998694, 50.508885, 49.643841, 48.572826 ] }, { "date": "2025-05-09", "close": 53.729473, "volume": 12631713, "typical_volume": 11336037.85, "trend": 47.570881, "fair_value": 56.340083, "relative_strength": 13.093059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.960545, "energy": 73.765787, "activity_lines": [ 53.042441, 51.217234, 50.145464, 48.986129 ] }, { "date": "2025-05-16", "close": 55.921921, "volume": 9966331, "typical_volume": 11572356.05, "trend": 47.934673, "fair_value": 56.163157, "relative_strength": 11.995847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.609004, "energy": 80.755374, "activity_lines": [ 54.287082, 52.256807, 50.800426, 49.524905 ] }, { "date": "2025-05-23", "close": 57.631451, "volume": 9301836, "typical_volume": 11522934.7, "trend": 48.348842, "fair_value": 56.005191, "relative_strength": 18.5486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.561093, "energy": 86.025101, "activity_lines": [ 55.667584, 53.477704, 51.551083, 50.150504 ] }, { "date": "2025-05-30", "close": 57.013316, "volume": 7631618, "typical_volume": 11459151.15, "trend": 48.727617, "fair_value": 55.854686, "relative_strength": 15.422714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.211235, "energy": 81.454928, "activity_lines": [ 56.380371, 54.420594, 52.181477, 50.709502 ] }, { "date": "2025-06-06", "close": 57.708718, "volume": 9339585, "typical_volume": 11349553.9, "trend": 49.130832, "fair_value": 55.747488, "relative_strength": 14.948956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.900674, "energy": 83.983123, "activity_lines": [ 57.004301, 55.364897, 52.827114, 51.288928 ] }, { "date": "2025-06-13", "close": 60.741444, "volume": 11315054, "typical_volume": 11407162.2, "trend": 49.702158, "fair_value": 55.678604, "relative_strength": 21.049262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.716717, "energy": 88.609727, "activity_lines": [ 58.451124, 56.681595, 53.721612, 52.038 ] }, { "date": "2025-06-20", "close": 58.858063, "volume": 10162535, "typical_volume": 11462074.8, "trend": 50.187421, "fair_value": 55.613375, "relative_strength": 17.20472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.716839, "energy": 68.523754, "activity_lines": [ 58.802689, 57.383846, 54.387564, 52.628703 ] }, { "date": "2025-06-27", "close": 56.134405, "volume": 12570102, "typical_volume": 11456877.15, "trend": 50.590391, "fair_value": 55.533488, "relative_strength": 7.960182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.107625, "energy": 54.310889, "activity_lines": [ 58.050624, 57.419143, 54.748723, 53.01238 ] }, { "date": "2025-07-04", "close": 58.628948, "volume": 6894714, "typical_volume": 11295599.0, "trend": 51.036551, "fair_value": 55.486022, "relative_strength": 10.658821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.57204, "energy": 53.578564, "activity_lines": [ 58.229877, 57.809302, 55.30889, 53.530996 ] }, { "date": "2025-07-11", "close": 59.457591, "volume": 9920984, "typical_volume": 11075921.1, "trend": 51.502467, "fair_value": 55.460575, "relative_strength": 12.239483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.793827, "energy": 50.865742, "activity_lines": [ 58.577635, 58.233297, 55.900349, 54.074289 ] }, { "date": "2025-07-18", "close": 58.502214, "volume": 10093453, "typical_volume": 10960278.1, "trend": 52.049811, "fair_value": 55.400862, "relative_strength": 9.58462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.839812, "energy": 43.054959, "activity_lines": [ 58.490343, 58.400511, 56.356937, 54.525886 ] }, { "date": "2025-07-25", "close": 58.580204, "volume": 6728846, "typical_volume": 10499836.6, "trend": 52.608252, "fair_value": 55.300907, "relative_strength": 8.016957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.884092, "energy": 43.627254, "activity_lines": [ 58.57833, 58.495129, 56.780571, 54.947201 ] }, { "date": "2025-08-01", "close": 57.088646, "volume": 7950139, "typical_volume": 10386971.7, "trend": 53.019899, "fair_value": 55.201715, "relative_strength": 7.704378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.6982, "energy": 34.255297, "activity_lines": [ 58.187655, 58.270222, 57.015578, 55.236259 ] }, { "date": "2025-08-08", "close": 54.290756, "volume": 15275791, "typical_volume": 10735311.3, "trend": 53.286058, "fair_value": 55.036964, "relative_strength": -0.143642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.715906, "energy": 16.716729, "activity_lines": [ 56.800733, 57.546476, 56.943328, 55.31825 ] }, { "date": "2025-08-15", "close": 55.694576, "volume": 10068504, "typical_volume": 10729254.6, "trend": 53.498699, "fair_value": 54.89259, "relative_strength": 1.286624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.760482, "energy": 20.178334, "activity_lines": [ 56.170964, 57.127472, 56.984994, 55.473638 ] }, { "date": "2025-08-22", "close": 56.445229, "volume": 7330217, "typical_volume": 10387848.25, "trend": 53.699739, "fair_value": 54.697077, "relative_strength": 2.207936, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.218688, "energy": 17.55611, "activity_lines": [ 56.042281, 56.881571, 57.060859, 55.663737 ] }, { "date": "2025-08-29", "close": 56.172264, "volume": 12263564, "typical_volume": 10105946.8, "trend": 53.927984, "fair_value": 54.546662, "relative_strength": 1.620005, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.417556, "energy": 16.271845, "activity_lines": [ 55.959741, 56.664153, 57.059944, 55.823255 ] }, { "date": "2025-09-05", "close": 55.012164, "volume": 10150659, "typical_volume": 10155123.0, "trend": 54.16055, "fair_value": 54.371659, "relative_strength": -0.903551, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.304364, "energy": 10.292467, "activity_lines": [ 55.651031, 56.284641, 56.916352, 55.893202 ] }, { "date": "2025-09-12", "close": 55.519098, "volume": 13658783, "typical_volume": 10351197.45, "trend": 54.39027, "fair_value": 54.249862, "relative_strength": -1.666494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.624944, "energy": 9.846581, "activity_lines": [ 55.649731, 56.017702, 56.800536, 55.98085 ] }, { "date": "2025-09-19", "close": 55.187641, "volume": 14879235, "typical_volume": 10406683.15, "trend": 54.555123, "fair_value": 54.143257, "relative_strength": -3.551961, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.108588, "energy": 10.597997, "activity_lines": [ 55.456056, 55.747042, 56.637364, 56.032293 ] }, { "date": "2025-09-26", "close": 57.342113, "volume": 24010984, "typical_volume": 10975646.7, "trend": 54.799116, "fair_value": 54.04547, "relative_strength": 0.364119, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.321917, "energy": 13.561425, "activity_lines": [ 56.014334, 55.945739, 56.677956, 56.212099 ] }, { "date": "2025-10-03", "close": 58.404824, "volume": 13097031, "typical_volume": 11132181.7, "trend": 55.119294, "fair_value": 53.952485, "relative_strength": 1.000716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.881265, "energy": 20.793997, "activity_lines": [ 56.867057, 56.358749, 56.802554, 56.444726 ] }, { "date": "2025-10-10", "close": 58.88702, "volume": 13897980, "typical_volume": 11361988.9, "trend": 55.464781, "fair_value": 53.895074, "relative_strength": 4.143278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.52213, "energy": 29.839493, "activity_lines": [ 57.731674, 56.862619, 56.961253, 56.687805 ] }, { "date": "2025-10-17", "close": 56.50556, "volume": 12126853, "typical_volume": 11586750.65, "trend": 55.677067, "fair_value": 53.794714, "relative_strength": -1.933766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.758657, "energy": 28.324999, "activity_lines": [ 57.544148, 56.9008, 56.887167, 56.754952 ] }, { "date": "2025-10-24", "close": 57.233775, "volume": 10161222, "typical_volume": 11627832.5, "trend": 55.989419, "fair_value": 53.701925, "relative_strength": -2.674607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.608299, "energy": 27.242802, "activity_lines": [ 57.533596, 57.031113, 56.884853, 56.855384 ] }, { "date": "2025-10-31", "close": 53.582858, "volume": 7908530, "typical_volume": 11457506.3, "trend": 56.249493, "fair_value": 53.636354, "relative_strength": -9.478419, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.205569, "energy": 13.473864, "activity_lines": [ 56.169662, 56.469639, 56.537094, 56.700122 ] }, { "date": "2025-11-07", "close": 55.97416, "volume": 12550361, "typical_volume": 11576897.6, "trend": 56.468225, "fair_value": 53.567192, "relative_strength": -4.008591, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.482032, "energy": 15.624326, "activity_lines": [ 55.853446, 56.394989, 56.451167, 56.682359 ] }, { "date": "2025-11-14", "close": 58.424505, "volume": 10568127, "typical_volume": 11476798.85, "trend": 56.725495, "fair_value": 53.507486, "relative_strength": -0.206, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.479148, "energy": 8.117641, "activity_lines": [ 56.516057, 56.769459, 56.612338, 56.808571 ] }, { "date": "2025-11-21", "close": 55.295148, "volume": 11251398, "typical_volume": 11694633.05, "trend": 56.828552, "fair_value": 53.40227, "relative_strength": -3.885156, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.445049, "energy": 21.451721, "activity_lines": [ 56.166382, 56.512912, 56.464571, 56.71629 ] }, { "date": "2025-11-28", "close": 57.243616, "volume": 8250328, "typical_volume": 11611100.25, "trend": 56.907057, "fair_value": 53.325841, "relative_strength": -4.251429, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.899833, "energy": 9.921917, "activity_lines": [ 56.546891, 56.614704, 56.518247, 56.743068 ] }, { "date": "2025-12-05", "close": 59.379057, "volume": 17419638, "typical_volume": 11977409.5, "trend": 57.095376, "fair_value": 53.277612, "relative_strength": -1.257101, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.360002, "energy": 15.782823, "activity_lines": [ 57.638558, 57.067377, 56.785841, 56.902552 ] }, { "date": "2025-12-12", "close": 61.839244, "volume": 13048782, "typical_volume": 12293406.3, "trend": 57.29262, "fair_value": 53.262678, "relative_strength": 3.098491, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 40.104287, "energy": 43.609029, "activity_lines": [ 59.163873, 57.930321, 57.283563, 57.208608 ] }, { "date": "2025-12-19", "close": 61.288162, "volume": 16268055, "typical_volume": 12709302.1, "trend": 57.414511, "fair_value": 53.242259, "relative_strength": 1.656971, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.183012, "energy": 58.816163, "activity_lines": [ 60.114489, 58.630624, 57.713282, 57.466385 ] }, { "date": "2025-12-26", "close": 61.770359, "volume": 7588690, "typical_volume": 12324947.05, "trend": 57.573079, "fair_value": 53.224384, "relative_strength": 0.61304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.937973, "energy": 66.680496, "activity_lines": [ 61.034927, 59.374942, 58.168927, 57.747408 ] }, { "date": "2026-01-02", "close": 62.702981, "volume": 7038532, "typical_volume": 12173448.45, "trend": 57.739554, "fair_value": 53.18812, "relative_strength": 2.858837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.413345, "energy": 71.070111, "activity_lines": [ 61.834558, 60.193105, 58.677776, 58.078369 ] }, { "date": "2026-01-09", "close": 59.387149, "volume": 14393910, "typical_volume": 12526633.1, "trend": 57.694411, "fair_value": 53.142841, "relative_strength": -4.210733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.381948, "energy": 52.127069, "activity_lines": [ 61.164954, 60.308948, 58.837458, 58.184666 ] }, { "date": "2026-01-16", "close": 65.899682, "volume": 18855263, "typical_volume": 12856218.05, "trend": 57.929132, "fair_value": 53.118625, "relative_strength": 6.394138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.923959, "energy": 62.948916, "activity_lines": [ 62.665655, 61.503356, 59.603372, 58.714038 ] }, { "date": "2026-01-23", "close": 70.36712, "volume": 11998864, "typical_volume": 12948628.3, "trend": 58.403555, "fair_value": 53.11177, "relative_strength": 13.563389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.789548, "energy": 78.379592, "activity_lines": [ 65.384806, 63.329562, 60.748435, 59.516489 ] }, { "date": "2026-01-30", "close": 68.39152, "volume": 12867539, "typical_volume": 12909066.1, "trend": 58.728975, "fair_value": 53.080068, "relative_strength": 9.564934, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.040086, "energy": 77.143576, "activity_lines": [ 66.84016, 64.579429, 61.632227, 60.160874 ] }, { "date": "2026-02-06", "close": 68.113546, "volume": 17078746, "typical_volume": 13019041.65, "trend": 59.017506, "fair_value": 53.063017, "relative_strength": 8.921119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.295776, "energy": 80.476645, "activity_lines": [ 67.761446, 65.540639, 62.428248, 60.76633 ] }, { "date": "2026-02-13", "close": 70.297627, "volume": 12656356, "typical_volume": 12451310.25, "trend": 59.410687, "fair_value": 53.090284, "relative_strength": 13.336544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.570334, "energy": 82.862293, "activity_lines": [ 69.050053, 66.70132, 63.370725, 61.49408 ] }, { "date": "2026-02-20", "close": 70.684805, "volume": 11236350, "typical_volume": 12358276.2, "trend": 59.814174, "fair_value": 53.107792, "relative_strength": 12.268861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.661927, "energy": 76.750246, "activity_lines": [ 69.740355, 67.733877, 64.288383, 62.221442 ] }, { "date": "2026-02-27", "close": 74.526802, "volume": 12935301, "typical_volume": 12310142.25, "trend": 60.395445, "fair_value": 53.116268, "relative_strength": 18.379672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.58663, "energy": 79.322649, "activity_lines": [ 71.392315, 69.304151, 65.513469, 63.170644 ] }, { "date": "2026-03-06", "close": 75.658553, "volume": 24662318, "typical_volume": 12936915.5, "trend": 61.107705, "fair_value": 53.171893, "relative_strength": 21.92527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.822045, "energy": 79.949342, "activity_lines": [ 73.144213, 70.839496, 66.771866, 64.15536 ] }, { "date": "2026-03-13", "close": 82.250507, "volume": 33060192, "typical_volume": 14081864.0, "trend": 61.992903, "fair_value": 53.287114, "relative_strength": 33.539056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.827756, "energy": 89.967058, "activity_lines": [ 76.608959, 73.320864, 68.566864, 65.519412 ] }, { "date": "2026-03-20", "close": 74.189262, "volume": 23085070, "typical_volume": 14840691.0, "trend": 62.584371, "fair_value": 53.355987, "relative_strength": 22.043447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.439684, "energy": 67.466313, "activity_lines": [ 76.44416, 73.981143, 69.474996, 66.306274 ] }, { "date": "2026-03-27", "close": 75.102605, "volume": 20941053, "typical_volume": 15260225.6, "trend": 63.215382, "fair_value": 53.415877, "relative_strength": 25.560442, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.738203, "energy": 57.182766, "activity_lines": [ 76.324367, 74.538354, 70.371988, 67.113902 ] }, { "date": "2026-04-03", "close": 75.47, "volume": 19369115, "typical_volume": 15700275.0, "trend": 63.89731, "fair_value": 53.511456, "relative_strength": 21.41215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.555666, "energy": 51.196574, "activity_lines": [ 76.032518, 74.995039, 71.212882, 67.904523 ] }, { "date": "2026-04-10", "close": 73.75, "volume": 16814580, "typical_volume": 15978434.1, "trend": 64.505007, "fair_value": 53.567926, "relative_strength": 14.172869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.812696, "energy": 37.086757, "activity_lines": [ 75.104456, 75.046216, 71.808798, 68.54018 ] }, { "date": "2026-04-17", "close": 70.62, "volume": 13969394, "typical_volume": 16264387.4, "trend": 65.019419, "fair_value": 53.617518, "relative_strength": 4.561429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.075397, "energy": 25.680447, "activity_lines": [ 73.260298, 74.430876, 72.018738, 68.934696 ] }, { "date": "2026-04-24", "close": 71.57, "volume": 11050178, "typical_volume": 15945914.4, "trend": 65.493682, "fair_value": 53.680163, "relative_strength": 5.311282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.06889, "energy": 19.742806, "activity_lines": [ 72.508174, 73.942692, 72.255457, 69.357314 ] }, { "date": "2026-05-01", "close": 74.568488, "volume": 12301962, "typical_volume": 15908573.4, "trend": 66.03247, "fair_value": 53.786916, "relative_strength": 8.580733, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.116916, "energy": 20.347673, "activity_lines": [ 72.930163, 73.976552, 72.719694, 69.942785 ] }, { "date": "2026-05-08", "close": 67.738165, "volume": 20331906, "typical_volume": 16111765.95, "trend": 66.327509, "fair_value": 53.879282, "relative_strength": -3.547348, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.16194, "energy": 15.287022, "activity_lines": [ 71.110985, 72.697924, 72.472809, 70.05283 ] }, { "date": "2026-05-15", "close": 70.940189, "volume": 13308027, "typical_volume": 16397732.8, "trend": 66.808663, "fair_value": 53.980414, "relative_strength": 0.784327, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.498111, "energy": 12.641031, "activity_lines": [ 70.874605, 72.124911, 72.500164, 70.350422 ] }, { "date": "2026-05-22", "close": 69.522575, "volume": 10982212, "typical_volume": 16594916.8, "trend": 67.218289, "fair_value": 54.10705, "relative_strength": -1.93977, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.213555, "energy": 10.808037, "activity_lines": [ 70.353007, 71.379939, 72.348843, 70.525513 ] }, { "date": "2026-05-29", "close": 67.95626, "volume": 8563428, "typical_volume": 16303392.7, "trend": 67.697403, "fair_value": 54.229925, "relative_strength": -5.369216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.735337, "energy": 13.50247, "activity_lines": [ 69.382466, 70.5816, 72.015875, 70.573124 ] }, { "date": "2026-06-05", "close": 66.617953, "volume": 14501257, "typical_volume": 16085692.4, "trend": 68.052196, "fair_value": 54.321388, "relative_strength": -4.714809, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.557186, "energy": 21.880843, "activity_lines": [ 68.206738, 69.653259, 71.514643, 70.503482 ] }, { "date": "2026-06-12", "close": 67.034315, "volume": 17189854, "typical_volume": 16345241.9, "trend": 68.33919, "fair_value": 54.408214, "relative_strength": -4.419052, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.149658, "energy": 37.002188, "activity_lines": [ 67.699834, 68.954886, 71.049644, 70.437813 ] }, { "date": "2026-06-19", "close": 62.315543, "volume": 12841550, "typical_volume": 16343942.45, "trend": 68.573203, "fair_value": 54.472269, "relative_strength": -11.666462, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.424652, "energy": 55.675411, "activity_lines": [ 65.666929, 67.551931, 70.15111, 70.04919 ] }, { "date": "2026-06-26", "close": 60.451827, "volume": 14124962, "typical_volume": 16196253.25, "trend": 68.680143, "fair_value": 54.519694, "relative_strength": -12.054043, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.572301, "energy": 68.34804, "activity_lines": [ 63.587761, 66.018018, 69.104011, 69.525231 ] }, { "date": "2026-07-03", "close": 65.06, "volume": 16672903, "typical_volume": 16397080.6, "trend": 68.869508, "fair_value": 54.586062, "relative_strength": -7.215956, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.70625, "energy": 57.961204, "activity_lines": [ 63.649368, 65.506831, 68.532271, 69.291673 ] }, { "date": "2026-07-10", "close": 65.43, "volume": 13387353, "typical_volume": 16504630.75, "trend": 68.9892, "fair_value": 54.656529, "relative_strength": -7.762008, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.18438, "energy": 55.237743, "activity_lines": [ 64.027392, 65.18128, 68.02071, 69.069769 ] }, { "date": "2026-07-17", "close": 67.28, "volume": 9614325, "typical_volume": 16338581.95, "trend": 69.188928, "fair_value": 54.717718, "relative_strength": -3.592526, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.741064, "energy": 38.646598, "activity_lines": [ 65.10128, 65.358246, 67.710362, 68.959498 ] }, { "date": "2026-07-24", "close": 68.1, "volume": 9784397, "typical_volume": 15594685.9, "trend": 69.399916, "fair_value": 54.764122, "relative_strength": -1.825574, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.516847, "energy": 20.392092, "activity_lines": [ 66.432122, 65.692634, 67.512618, 68.889245 ] }, { "date": "2026-07-31", "close": 69.07, "volume": 11779069, "typical_volume": 14530629.75, "trend": 69.61215, "fair_value": 54.829817, "relative_strength": -1.499212, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.901266, "energy": 20.993363, "activity_lines": [ 67.700667, 66.255026, 67.443248, 68.86796 ] }, { "date": "2026-08-07", "close": 64.42, "volume": 15104494, "typical_volume": 14131600.95, "trend": 69.779911, "fair_value": 54.85983, "relative_strength": -11.195299, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.323421, "energy": 23.809016, "activity_lines": [ 66.844667, 65.980191, 66.993785, 68.532983 ] } ], "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." } } }