{ "ticker": { "uuid": "8b3fede4-facd-49bc-9a10-e8b12fa50c70", "symbol": "GBG", "name": "GB Group plc", "exchange": "LSE", "country": "GB", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 90.443, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 41.785, "architecture_energy": 45.549, "architecture_maturity": 35.092, "architecture_confidence": 58.427, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 37.46, "rotation_up": 64.13, "upward_expansion": 57.8, "deceleration": 23.19, "rotation_down": 21.27, "downward_expansion": 18.47 }, "activity_lines": [ 224.0, 216.756169, 215.03617, 212.991117 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 237.5, "trend_reference": 213.263687, "distance_from_trend": 0.113645, "trend_direction": "Weakening", "fair_value": 268.273647, "distance_from_fair_value": -0.11471, "fair_value_direction": "Improving", "relative_strength": -2.40631, "relative_strength_direction": "Improving", "price_momentum": 0.089683, "excess_performance": 0.038448, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.113645, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.050917, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.11471, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.062039, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.024063, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.070878, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.089683, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.486187, "read": "Demand-led" } ], "volume": { "latest": 4856933, "relative_activity": 0.759381, "balance": 2.486187, "dry_up": 1.515648, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.079901, "annualized_volatility": 0.507064, "from_high_reference": -0.103581, "from_low_reference": 0.283712 }, "levels": { "trend_reference": 213.263687, "fair_value_reference": 268.273647, "structural_low": 185.01028, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": 0.044706, "positive_rate": 0.578947, "directional_follow_through": 0.578947, "median_excess_return": 0.003896, "regime_survival": 0.578947, "best_return": 0.218056, "worst_return": -0.172297, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.01, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.012511, "regime_survival": 0.285714, "best_return": 0.24758, "worst_return": -0.211941, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.147797, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.207556, "regime_survival": 0.4, "best_return": 0.222222, "worst_return": -0.2496, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.29914, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.498609, "regime_survival": 0.666667, "best_return": 0.252258, "worst_return": -0.492318, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-08-02", "tenure": "Developing", "return": 0.028403, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-10-04", "tenure": "Developing", "return": -0.089275, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-11", "end": "2024-11-01", "tenure": "New", "return": 0.164068, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": 0.132191, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": -0.059165, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": 0.015643, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-03-07", "tenure": "Developing", "return": -0.091988, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.114618, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-10-03", "tenure": "Established", "return": 0.032314, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-12-12", "tenure": "Developing", "return": -0.002, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-02-06", "tenure": "Developing", "return": -0.140039, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": 0.009925, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-05-08", "tenure": "Developing", "return": 0.075962, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.082237, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 227.682785, "volume": 2270365, "typical_volume": 5783363.3, "trend": 291.181684, "fair_value": 615.3808, "relative_strength": -31.705342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.448613, "energy": 50.766543, "activity_lines": [ 237.717621, 239.614073, 255.381511, 269.982451 ] }, { "date": "2023-08-25", "close": 222.885254, "volume": 2145055, "typical_volume": 5728112.95, "trend": 287.158918, "fair_value": 612.13397, "relative_strength": -33.029764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.291905, "energy": 57.341574, "activity_lines": [ 231.200974, 236.376493, 250.873928, 265.576229 ] }, { "date": "2023-09-01", "close": 224.284531, "volume": 3542579, "typical_volume": 5642713.4, "trend": 282.110185, "fair_value": 608.972969, "relative_strength": -32.842816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.196487, "energy": 61.610184, "activity_lines": [ 227.136397, 234.064955, 246.794479, 261.519817 ] }, { "date": "2023-09-08", "close": 221.885773, "volume": 1817883, "typical_volume": 5269736.3, "trend": 278.160697, "fair_value": 605.84783, "relative_strength": -32.031696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.064903, "energy": 63.849564, "activity_lines": [ 224.244555, 231.509907, 242.808095, 257.634371 ] }, { "date": "2023-09-15", "close": 221.885773, "volume": 2651628, "typical_volume": 5169765.6, "trend": 274.24452, "fair_value": 602.645833, "relative_strength": -32.520532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.042459, "energy": 68.728927, "activity_lines": [ 222.885256, 229.082066, 239.234596, 254.003731 ] }, { "date": "2023-09-22", "close": 217.687943, "volume": 2123307, "typical_volume": 4729966.2, "trend": 270.84797, "fair_value": 599.589859, "relative_strength": -31.75011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.333959, "energy": 67.348231, "activity_lines": [ 220.872963, 225.854639, 235.754136, 250.35492 ] }, { "date": "2023-09-29", "close": 215.289169, "volume": 5713990, "typical_volume": 4915192.1, "trend": 266.665272, "fair_value": 596.454459, "relative_strength": -29.881145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.691817, "energy": 58.151753, "activity_lines": [ 218.727401, 222.801665, 232.519022, 246.770481 ] }, { "date": "2023-10-06", "close": 222.485458, "volume": 4183314, "typical_volume": 4907189.95, "trend": 262.889003, "fair_value": 592.846392, "relative_strength": -25.105806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.176641, "energy": 50.310177, "activity_lines": [ 219.487008, 221.736757, 230.399291, 243.92017 ] }, { "date": "2023-10-13", "close": 211.291229, "volume": 2864815, "typical_volume": 4870157.25, "trend": 259.21927, "fair_value": 588.9488, "relative_strength": -28.691482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.531528, "energy": 56.01796, "activity_lines": [ 216.635143, 219.207151, 227.586356, 240.591282 ] }, { "date": "2023-10-20", "close": 224.084641, "volume": 5572716, "typical_volume": 5024929.0, "trend": 256.195836, "fair_value": 584.800162, "relative_strength": -21.69781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.099599, "energy": 43.145579, "activity_lines": [ 218.754052, 219.614215, 226.356196, 238.324531 ] }, { "date": "2023-10-27", "close": 229.881653, "volume": 2516888, "typical_volume": 4959304.0, "trend": 253.865298, "fair_value": 580.579802, "relative_strength": -17.461545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.924162, "energy": 29.789585, "activity_lines": [ 222.658707, 221.238833, 226.016781, 236.626842 ] }, { "date": "2023-11-03", "close": 255.868286, "volume": 3087081, "typical_volume": 4393820.6, "trend": 252.900645, "fair_value": 576.551641, "relative_strength": -8.91046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.614992, "energy": 11.730855, "activity_lines": [ 234.412659, 227.548313, 228.391947, 236.756067 ] }, { "date": "2023-11-10", "close": 260.865723, "volume": 2279217, "typical_volume": 4278652.1, "trend": 251.869396, "fair_value": 573.048694, "relative_strength": -5.486321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.745011, "energy": 28.00169, "activity_lines": [ 245.127149, 234.166727, 231.2619, 237.269943 ] }, { "date": "2023-11-17", "close": 263.864166, "volume": 4011193, "typical_volume": 4128779.85, "trend": 250.378474, "fair_value": 569.161457, "relative_strength": -5.435688, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.036778, "energy": 41.809913, "activity_lines": [ 254.282435, 240.6652, 234.293673, 238.043799 ] }, { "date": "2023-11-24", "close": 252.869812, "volume": 1519442, "typical_volume": 3917093.3, "trend": 247.96145, "fair_value": 565.664898, "relative_strength": -8.573787, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.002679, "energy": 45.177015, "activity_lines": [ 256.268075, 244.401456, 236.111783, 238.204531 ] }, { "date": "2023-12-01", "close": 232.080521, "volume": 5101067, "typical_volume": 3379652.35, "trend": 245.1246, "fair_value": 561.445823, "relative_strength": -15.936185, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.616898, "energy": 30.484659, "activity_lines": [ 249.404939, 243.794495, 235.7929, 237.179955 ] }, { "date": "2023-12-08", "close": 242.874954, "volume": 2164060, "typical_volume": 3247429.85, "trend": 243.033971, "fair_value": 557.327968, "relative_strength": -11.869592, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.354272, "energy": 14.227455, "activity_lines": [ 245.993356, 244.888475, 236.593439, 237.034816 ] }, { "date": "2023-12-15", "close": 261.465393, "volume": 2800035, "typical_volume": 3269507.55, "trend": 241.722913, "fair_value": 553.181769, "relative_strength": -4.983005, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.158098, "energy": 19.187582, "activity_lines": [ 249.644809, 248.860974, 239.211138, 238.22394 ] }, { "date": "2023-12-22", "close": 277.257263, "volume": 3111968, "typical_volume": 3139529.3, "trend": 241.371294, "fair_value": 549.021508, "relative_strength": -0.458284, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 42.38908, "energy": 29.138486, "activity_lines": [ 258.52024, 254.995997, 243.296654, 240.516479 ] }, { "date": "2023-12-29", "close": 273.859009, "volume": 380951, "typical_volume": 2992877.7, "trend": 240.659898, "fair_value": 544.769006, "relative_strength": -1.777083, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.581067, "energy": 59.508785, "activity_lines": [ 265.370047, 259.313773, 246.90432, 242.612461 ] }, { "date": "2024-01-05", "close": 267.062531, "volume": 1349898, "typical_volume": 2946854.35, "trend": 240.221616, "fair_value": 540.556204, "relative_strength": -3.17955, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.692419, "energy": 64.304948, "activity_lines": [ 268.555081, 261.490837, 249.670516, 244.315856 ] }, { "date": "2024-01-12", "close": 274.058929, "volume": 3235136, "typical_volume": 3001358.4, "trend": 240.696089, "fair_value": 536.86223, "relative_strength": 0.804991, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.089502, "energy": 66.609859, "activity_lines": [ 271.740114, 264.263958, 252.915514, 246.498909 ] }, { "date": "2024-01-19", "close": 259.06665, "volume": 2240320, "typical_volume": 2936245.45, "trend": 241.502342, "fair_value": 532.912024, "relative_strength": -2.152638, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.768452, "energy": 50.08506, "activity_lines": [ 267.848789, 263.980471, 254.488991, 247.684106 ] }, { "date": "2024-01-26", "close": 272.059967, "volume": 2579783, "typical_volume": 2974340.45, "trend": 242.941602, "fair_value": 529.17321, "relative_strength": 0.894786, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.7809, "energy": 38.273254, "activity_lines": [ 268.448486, 266.092115, 257.134298, 249.655566 ] }, { "date": "2024-02-02", "close": 292.249542, "volume": 3526607, "typical_volume": 3018089.4, "trend": 245.353693, "fair_value": 525.352447, "relative_strength": 9.206813, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.058678, "energy": 53.377853, "activity_lines": [ 276.124528, 271.725577, 261.463497, 252.836724 ] }, { "date": "2024-02-09", "close": 285.852844, "volume": 4910301, "typical_volume": 3157439.1, "trend": 246.506433, "fair_value": 521.516301, "relative_strength": 7.741945, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.295819, "energy": 49.45535, "activity_lines": [ 280.442301, 275.480007, 264.848421, 255.449572 ] }, { "date": "2024-02-16", "close": 287.851807, "volume": 2056632, "typical_volume": 2974571.2, "trend": 247.679162, "fair_value": 517.853096, "relative_strength": 6.835786, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.845412, "energy": 63.134885, "activity_lines": [ 284.173708, 278.620207, 268.099128, 258.117015 ] }, { "date": "2024-02-23", "close": 288.251617, "volume": 3578333, "typical_volume": 2944322.15, "trend": 248.825239, "fair_value": 514.410229, "relative_strength": 7.245589, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.242681, "energy": 66.668432, "activity_lines": [ 287.11886, 281.015339, 271.042375, 260.734593 ] }, { "date": "2024-03-01", "close": 286.652405, "volume": 2744657, "typical_volume": 2938314.25, "trend": 250.217854, "fair_value": 511.136454, "relative_strength": 7.310406, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.76242, "energy": 55.347328, "activity_lines": [ 287.585276, 282.632682, 273.520145, 263.175056 ] }, { "date": "2024-03-08", "close": 265.863159, "volume": 19091564, "typical_volume": 3614256.65, "trend": 251.310626, "fair_value": 507.588502, "relative_strength": 0.302539, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.506517, "energy": 31.958163, "activity_lines": [ 280.149115, 280.299342, 273.659123, 264.18443 ] }, { "date": "2024-03-15", "close": 263.064575, "volume": 3427065, "typical_volume": 3659765.5, "trend": 252.490019, "fair_value": 503.862481, "relative_strength": -1.08576, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.222116, "energy": 17.89131, "activity_lines": [ 273.539184, 277.602547, 273.332624, 264.942749 ] }, { "date": "2024-03-22", "close": 266.86261, "volume": 4278229, "typical_volume": 3719322.9, "trend": 253.955931, "fair_value": 500.058326, "relative_strength": -1.746014, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.399869, "energy": 21.369704, "activity_lines": [ 269.714484, 275.668995, 273.209829, 265.870013 ] }, { "date": "2024-03-29", "close": 272.259827, "volume": 3022730, "typical_volume": 3756498.55, "trend": 255.555108, "fair_value": 496.221514, "relative_strength": 0.25179, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.262571, "energy": 21.775375, "activity_lines": [ 269.088135, 274.847596, 273.548701, 267.05091 ] }, { "date": "2024-04-05", "close": 263.264465, "volume": 2111889, "typical_volume": 3661533.35, "trend": 256.934397, "fair_value": 492.074038, "relative_strength": -2.360102, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.902137, "energy": 13.481248, "activity_lines": [ 266.529451, 272.150802, 272.976614, 267.548288 ] }, { "date": "2024-04-12", "close": 265.063538, "volume": 4114609, "typical_volume": 3791291.7, "trend": 258.373656, "fair_value": 488.114234, "relative_strength": -2.515066, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.416972, "energy": 11.475243, "activity_lines": [ 266.129655, 269.94103, 272.578723, 268.072748 ] }, { "date": "2024-04-19", "close": 252.869812, "volume": 3478618, "typical_volume": 3710169.25, "trend": 259.546385, "fair_value": 483.912936, "relative_strength": -5.452855, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -8.00686, "energy": 15.059476, "activity_lines": [ 261.718591, 266.008507, 270.961459, 267.717662 ] }, { "date": "2024-04-26", "close": 287.851807, "volume": 7233798, "typical_volume": 3963656.15, "trend": 261.96514, "fair_value": 480.003134, "relative_strength": 4.757403, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.704754, "energy": 16.553319, "activity_lines": [ 269.647844, 269.036039, 272.576818, 269.543818 ] }, { "date": "2024-05-03", "close": 303.443787, "volume": 5399252, "typical_volume": 4093617.0, "trend": 264.663751, "fair_value": 476.401447, "relative_strength": 9.680366, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.242587, "energy": 36.034661, "activity_lines": [ 281.375143, 274.898477, 275.462951, 272.21986 ] }, { "date": "2024-05-10", "close": 318.835876, "volume": 2402438, "typical_volume": 4058140.5, "trend": 268.248572, "fair_value": 472.831174, "relative_strength": 12.336418, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 76.199688, "energy": 72.024598, "activity_lines": [ 296.154207, 283.283254, 279.6151, 275.714835 ] }, { "date": "2024-05-17", "close": 332.228973, "volume": 3296134, "typical_volume": 4203899.65, "trend": 271.853383, "fair_value": 469.164208, "relative_strength": 17.197533, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.095207, "energy": 85.195086, "activity_lines": [ 311.692877, 293.517986, 284.844789, 279.842603 ] }, { "date": "2024-05-24", "close": 350.619507, "volume": 3386441, "typical_volume": 4305726.8, "trend": 275.877978, "fair_value": 465.422976, "relative_strength": 24.896857, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.923416, "energy": 93.205457, "activity_lines": [ 328.884029, 305.889801, 291.548006, 284.924289 ] }, { "date": "2024-05-31", "close": 344.422699, "volume": 2403538, "typical_volume": 4264146.9, "trend": 278.829792, "fair_value": 461.581173, "relative_strength": 23.1176, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.098738, "energy": 91.066, "activity_lines": [ 337.492932, 315.543015, 297.263159, 289.346529 ] }, { "date": "2024-06-07", "close": 343.623077, "volume": 2103471, "typical_volume": 4257304.45, "trend": 281.588371, "fair_value": 457.827117, "relative_strength": 22.955434, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.135953, "energy": 88.800451, "activity_lines": [ 342.063902, 323.64066, 302.567093, 293.526741 ] }, { "date": "2024-06-14", "close": 336.826599, "volume": 4463337, "typical_volume": 4351482.15, "trend": 284.020452, "fair_value": 454.609159, "relative_strength": 21.474292, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.2137, "energy": 82.452493, "activity_lines": [ 341.690759, 329.205069, 306.821093, 297.090497 ] }, { "date": "2024-06-21", "close": 341.265411, "volume": 3711078, "typical_volume": 4360705.7, "trend": 286.966972, "fair_value": 451.416234, "relative_strength": 21.038036, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.41612, "energy": 59.712451, "activity_lines": [ 341.597839, 334.23904, 311.189425, 300.78372 ] }, { "date": "2024-06-28", "close": 339.666046, "volume": 4383198, "typical_volume": 4334350.55, "trend": 290.553156, "fair_value": 448.149004, "relative_strength": 20.795675, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.367911, "energy": 53.467971, "activity_lines": [ 340.369368, 337.596729, 315.172028, 304.183661 ] }, { "date": "2024-07-05", "close": 358.658569, "volume": 3882405, "typical_volume": 4425639.2, "trend": 294.41261, "fair_value": 444.913844, "relative_strength": 25.987343, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.334386, "energy": 56.340739, "activity_lines": [ 346.201969, 342.829491, 320.707189, 308.577558 ] }, { "date": "2024-07-12", "close": 352.461029, "volume": 2569451, "typical_volume": 4375195.1, "trend": 297.445798, "fair_value": 441.888767, "relative_strength": 22.470461, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.012313, "energy": 52.087955, "activity_lines": [ 349.019665, 345.648032, 325.314933, 312.322618 ] }, { "date": "2024-07-19", "close": 341.065521, "volume": 2111284, "typical_volume": 4343526.45, "trend": 299.57274, "fair_value": 438.649724, "relative_strength": 19.340839, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.795579, "energy": 46.727817, "activity_lines": [ 347.449662, 345.50344, 328.531631, 315.136793 ] }, { "date": "2024-07-26", "close": 343.86441, "volume": 2335704, "typical_volume": 3505733.45, "trend": 301.906253, "fair_value": 435.281298, "relative_strength": 17.882092, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.855639, "energy": 47.158704, "activity_lines": [ 346.530027, 345.463561, 331.75578, 317.99432 ] }, { "date": "2024-08-02", "close": 341.665253, "volume": 1780727, "typical_volume": 3423416.55, "trend": 304.39301, "fair_value": 431.914788, "relative_strength": 18.110628, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.422535, "energy": 35.893308, "activity_lines": [ 344.704073, 344.812282, 334.399051, 320.559417 ] }, { "date": "2024-08-09", "close": 333.668427, "volume": 3611267, "typical_volume": 3390068.45, "trend": 306.379994, "fair_value": 428.458585, "relative_strength": 14.823334, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.084702, "energy": 25.706124, "activity_lines": [ 340.07923, 342.86984, 335.906431, 322.448154 ] }, { "date": "2024-08-16", "close": 334.66803, "volume": 1251030, "typical_volume": 3301483.45, "trend": 308.90004, "fair_value": 424.989573, "relative_strength": 12.638856, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.794387, "energy": 20.998517, "activity_lines": [ 337.453597, 341.304675, 337.190888, 324.273188 ] }, { "date": "2024-08-23", "close": 335.867554, "volume": 994723, "typical_volume": 3245625.15, "trend": 311.026959, "fair_value": 421.377724, "relative_strength": 12.218746, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.138911, "energy": 17.867201, "activity_lines": [ 336.414006, 340.120425, 338.292403, 326.013028 ] }, { "date": "2024-08-30", "close": 343.464569, "volume": 1605393, "typical_volume": 3120164.35, "trend": 312.734127, "fair_value": 417.612804, "relative_strength": 13.423549, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.211436, "energy": 19.227162, "activity_lines": [ 338.253284, 340.334888, 339.771715, 328.105777 ] }, { "date": "2024-09-06", "close": 313.876221, "volume": 1676047, "typical_volume": 3030035.8, "trend": 313.668239, "fair_value": 413.523702, "relative_strength": 5.635715, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.879295, "energy": 7.957822, "activity_lines": [ 330.256435, 335.129666, 338.05975, 328.17946 ] }, { "date": "2024-09-13", "close": 315.875427, "volume": 5527187, "typical_volume": 2944705.25, "trend": 314.60236, "fair_value": 409.642781, "relative_strength": 4.610405, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.188112, "energy": 12.850295, "activity_lines": [ 324.778591, 330.756842, 336.24768, 328.32186 ] }, { "date": "2024-09-20", "close": 316.875061, "volume": 3017684, "typical_volume": 2825626.85, "trend": 315.556475, "fair_value": 405.947617, "relative_strength": 4.928652, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.526339, "energy": 16.586902, "activity_lines": [ 320.820158, 327.343645, 334.397367, 328.468486 ] }, { "date": "2024-09-27", "close": 317.474823, "volume": 1376020, "typical_volume": 2774305.95, "trend": 316.583889, "fair_value": 402.570161, "relative_strength": 3.445673, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.94328, "energy": 24.183726, "activity_lines": [ 318.247843, 324.686514, 332.540215, 328.59225 ] }, { "date": "2024-10-04", "close": 303.880157, "volume": 2373914, "typical_volume": 2728194.95, "trend": 317.851122, "fair_value": 399.073534, "relative_strength": -0.865723, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.884144, "energy": 47.259469, "activity_lines": [ 312.370156, 319.986546, 329.394815, 327.772654 ] }, { "date": "2024-10-11", "close": 294.883728, "volume": 2689453, "typical_volume": 2693345.55, "trend": 318.91176, "fair_value": 395.067658, "relative_strength": -3.88278, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.353593, "energy": 56.722839, "activity_lines": [ 306.132619, 314.377851, 325.527606, 326.290887 ] }, { "date": "2024-10-18", "close": 324.871887, "volume": 3571375, "typical_volume": 2751737.4, "trend": 320.845403, "fair_value": 391.292446, "relative_strength": 4.103742, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.990654, "energy": 30.411856, "activity_lines": [ 311.157302, 315.072121, 324.781821, 326.675411 ] }, { "date": "2024-10-25", "close": 309.877808, "volume": 2312987, "typical_volume": 2762213.2, "trend": 322.099336, "fair_value": 387.600468, "relative_strength": 0.305156, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.179303, "energy": 27.128822, "activity_lines": [ 310.584194, 313.200133, 322.701128, 325.967825 ] }, { "date": "2024-11-01", "close": 343.264618, "volume": 6138527, "typical_volume": 2845972.7, "trend": 324.766007, "fair_value": 384.112901, "relative_strength": 11.656042, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 6.470356, "energy": 6.087061, "activity_lines": [ 321.606506, 317.849204, 323.960822, 327.333327 ] }, { "date": "2024-11-08", "close": 326.671173, "volume": 2220394, "typical_volume": 2771438.5, "trend": 326.819595, "fair_value": 380.669492, "relative_strength": 7.362027, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.589763, "energy": 10.634135, "activity_lines": [ 325.378351, 319.346794, 323.609531, 327.456241 ] }, { "date": "2024-11-15", "close": 336.467316, "volume": 2652791, "typical_volume": 2684918.15, "trend": 329.606179, "fair_value": 377.983863, "relative_strength": 10.332702, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.027599, "energy": 11.647899, "activity_lines": [ 330.896175, 322.930835, 324.260703, 328.078674 ] }, { "date": "2024-11-22", "close": 369.854156, "volume": 4341275, "typical_volume": 2707861.65, "trend": 332.33959, "fair_value": 375.518657, "relative_strength": 17.70878, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.859435, "energy": 32.955733, "activity_lines": [ 344.770707, 332.174463, 328.106805, 330.675318 ] }, { "date": "2024-11-29", "close": 378.450775, "volume": 3427428, "typical_volume": 2750760.5, "trend": 334.839823, "fair_value": 373.236666, "relative_strength": 19.183909, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.618907, "energy": 55.472644, "activity_lines": [ 358.511961, 341.999682, 332.718321, 333.650233 ] }, { "date": "2024-12-06", "close": 379.250427, "volume": 2452496, "typical_volume": 2767821.1, "trend": 336.853642, "fair_value": 371.062287, "relative_strength": 18.328054, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.87843, "energy": 66.501013, "activity_lines": [ 367.948234, 350.850733, 337.282233, 336.515433 ] }, { "date": "2024-12-13", "close": 356.059601, "volume": 1432090, "typical_volume": 2722640.4, "trend": 337.647996, "fair_value": 368.76487, "relative_strength": 10.740482, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.732218, "energy": 69.397846, "activity_lines": [ 367.255178, 354.362078, 339.455663, 337.754527 ] }, { "date": "2024-12-20", "close": 345.063965, "volume": 2067495, "typical_volume": 2736978.8, "trend": 337.462811, "fair_value": 366.345726, "relative_strength": 9.820763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.956627, "energy": 49.936524, "activity_lines": [ 360.937681, 354.925499, 340.523817, 338.232977 ] }, { "date": "2024-12-27", "close": 343.264618, "volume": 279852, "typical_volume": 2570408.05, "trend": 337.424209, "fair_value": 363.815763, "relative_strength": 8.015679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.725417, "energy": 25.266364, "activity_lines": [ 353.447292, 354.249399, 341.40442, 338.607287 ] }, { "date": "2025-01-03", "close": 350.461823, "volume": 1031719, "typical_volume": 2559442.5, "trend": 337.652167, "fair_value": 361.636192, "relative_strength": 8.862156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.744796, "energy": 18.976932, "activity_lines": [ 350.128607, 354.547467, 342.924775, 339.448423 ] }, { "date": "2025-01-10", "close": 336.867157, "volume": 2423933, "typical_volume": 2630903.0, "trend": 337.653519, "fair_value": 359.503989, "relative_strength": 4.078118, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.306545, "energy": 19.079635, "activity_lines": [ 344.144297, 351.635887, 343.075191, 339.397778 ] }, { "date": "2025-01-17", "close": 339.266205, "volume": 2823008, "typical_volume": 2691783.75, "trend": 337.586878, "fair_value": 357.412786, "relative_strength": 1.398763, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.06094, "energy": 18.040636, "activity_lines": [ 341.785222, 349.276815, 343.449328, 339.501822 ] }, { "date": "2025-01-24", "close": 340.86557, "volume": 2732448, "typical_volume": 2744603.8, "trend": 337.626863, "fair_value": 355.549619, "relative_strength": 1.688729, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.608641, "energy": 15.621545, "activity_lines": [ 341.078827, 346.979536, 343.995778, 339.71335 ] }, { "date": "2025-01-31", "close": 348.662476, "volume": 3670953, "typical_volume": 2651792.1, "trend": 337.293659, "fair_value": 353.707607, "relative_strength": 1.866529, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.072262, "energy": 16.196671, "activity_lines": [ 343.251294, 346.019908, 345.15627, 340.425326 ] }, { "date": "2025-02-07", "close": 353.260681, "volume": 2290622, "typical_volume": 2615439.0, "trend": 337.320315, "fair_value": 352.052003, "relative_strength": 2.75268, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.993518, "energy": 16.053173, "activity_lines": [ 346.596639, 346.281621, 346.598557, 341.455456 ] }, { "date": "2025-02-14", "close": 360.857697, "volume": 1943713, "typical_volume": 2643823.65, "trend": 337.980054, "fair_value": 350.627651, "relative_strength": 4.374759, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.937411, "energy": 28.49205, "activity_lines": [ 352.287732, 348.382611, 348.591104, 342.973997 ] }, { "date": "2025-02-21", "close": 347.862823, "volume": 2464174, "typical_volume": 2648336.65, "trend": 338.113334, "fair_value": 349.270526, "relative_strength": 1.329288, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.038696, "energy": 30.670223, "activity_lines": [ 352.047831, 348.45531, 349.139459, 343.611595 ] }, { "date": "2025-02-28", "close": 320.473633, "volume": 4379895, "typical_volume": 2732858.75, "trend": 337.406947, "fair_value": 347.974828, "relative_strength": -8.199934, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.672773, "energy": 2.751501, "activity_lines": [ 342.105092, 343.697188, 346.869879, 342.47355 ] }, { "date": "2025-03-07", "close": 305.879364, "volume": 2551951, "typical_volume": 2681887.55, "trend": 336.480645, "fair_value": 346.585577, "relative_strength": -11.093107, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.916847, "energy": 42.673844, "activity_lines": [ 328.65706, 336.73266, 343.088512, 340.439512 ] }, { "date": "2025-03-14", "close": 300.881348, "volume": 2886963, "typical_volume": 2710586.35, "trend": 335.354422, "fair_value": 344.789572, "relative_strength": -12.098225, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.734495, "energy": 60.195555, "activity_lines": [ 316.395229, 329.539134, 338.921584, 338.142783 ] }, { "date": "2025-03-21", "close": 300.281586, "volume": 2994871, "typical_volume": 2553403.55, "trend": 334.168223, "fair_value": 343.156263, "relative_strength": -12.466361, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.839253, "energy": 70.870117, "activity_lines": [ 307.425434, 323.138023, 334.740376, 335.880019 ] }, { "date": "2025-03-28", "close": 301.48111, "volume": 2255618, "typical_volume": 2555164.75, "trend": 332.768774, "fair_value": 341.572278, "relative_strength": -12.264267, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.728232, "energy": 70.488351, "activity_lines": [ 302.893887, 317.620199, 330.878089, 333.771173 ] }, { "date": "2025-04-04", "close": 266.394958, "volume": 2295893, "typical_volume": 2537319.85, "trend": 331.186066, "fair_value": 339.609652, "relative_strength": -16.654368, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.13027, "energy": 89.645171, "activity_lines": [ 289.75907, 306.410078, 323.794217, 329.488992 ] }, { "date": "2025-04-11", "close": 248.90184, "volume": 8063466, "typical_volume": 2723429.4, "trend": 328.953613, "fair_value": 337.525283, "relative_strength": -21.166988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.397726, "energy": 93.915794, "activity_lines": [ 274.398459, 293.3734, 315.378011, 324.180332 ] }, { "date": "2025-04-18", "close": 256.398895, "volume": 2722967, "typical_volume": 2688206.35, "trend": 326.937741, "fair_value": 335.165501, "relative_strength": -21.809601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.180885, "energy": 89.898113, "activity_lines": [ 265.335368, 283.513653, 308.251774, 319.499382 ] }, { "date": "2025-04-25", "close": 228.909729, "volume": 9892296, "typical_volume": 3060196.35, "trend": 323.985571, "fair_value": 332.895328, "relative_strength": -31.077592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.804576, "energy": 93.275655, "activity_lines": [ 250.074718, 270.416999, 299.088721, 313.174995 ] }, { "date": "2025-05-02", "close": 253.899887, "volume": 8728519, "typical_volume": 3425017.8, "trend": 322.319562, "fair_value": 331.198497, "relative_strength": -24.892669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.291329, "energy": 80.97121, "activity_lines": [ 247.902245, 264.263064, 293.021591, 308.653338 ] }, { "date": "2025-05-09", "close": 278.390228, "volume": 11616524, "typical_volume": 3902469.25, "trend": 321.769778, "fair_value": 329.520939, "relative_strength": -17.034086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.410071, "energy": 56.119532, "activity_lines": [ 257.0653, 264.270335, 289.773349, 305.819187 ] }, { "date": "2025-05-16", "close": 290.385468, "volume": 6575510, "typical_volume": 4217252.15, "trend": 320.620231, "fair_value": 328.009949, "relative_strength": -14.500388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.565933, "energy": 40.16334, "activity_lines": [ 269.427084, 267.223712, 287.985005, 303.794393 ] }, { "date": "2025-05-23", "close": 268.394165, "volume": 3828085, "typical_volume": 4357070.45, "trend": 319.237443, "fair_value": 326.137004, "relative_strength": -20.835628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.876987, "energy": 27.71729, "activity_lines": [ 271.692859, 266.460378, 284.354056, 300.424969 ] }, { "date": "2025-05-30", "close": 274.891602, "volume": 2695370, "typical_volume": 4370642.3, "trend": 316.958343, "fair_value": 324.379371, "relative_strength": -19.010103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.057536, "energy": 25.067734, "activity_lines": [ 275.324761, 267.469072, 281.73271, 297.563947 ] }, { "date": "2025-06-06", "close": 272.892365, "volume": 3091212, "typical_volume": 4384052.5, "trend": 315.165716, "fair_value": 322.839516, "relative_strength": -19.764419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.61804, "energy": 21.340124, "activity_lines": [ 275.224793, 268.575904, 279.216081, 294.720981 ] }, { "date": "2025-06-13", "close": 237.406387, "volume": 11148169, "typical_volume": 4804838.55, "trend": 311.863685, "fair_value": 321.536577, "relative_strength": -29.788675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.676942, "energy": 42.692807, "activity_lines": [ 262.03, 263.750535, 273.635902, 289.70425 ] }, { "date": "2025-06-20", "close": 236.949127, "volume": 6554378, "typical_volume": 4949009.8, "trend": 307.433517, "fair_value": 320.20484, "relative_strength": -28.800831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.314428, "energy": 47.651658, "activity_lines": [ 251.415043, 259.369094, 268.504836, 284.871053 ] }, { "date": "2025-06-27", "close": 239.948486, "volume": 6003495, "typical_volume": 5134653.45, "trend": 302.816774, "fair_value": 319.154974, "relative_strength": -27.571445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.253201, "energy": 55.125213, "activity_lines": [ 245.362295, 255.750312, 264.191393, 280.51718 ] }, { "date": "2025-07-04", "close": 227.951065, "volume": 7607240, "typical_volume": 5417829.8, "trend": 297.773462, "fair_value": 317.806555, "relative_strength": -30.747538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.87756, "energy": 73.544217, "activity_lines": [ 237.206786, 250.249279, 259.274919, 275.687134 ] }, { "date": "2025-07-11", "close": 237.44902, "volume": 7615882, "typical_volume": 5675415.2, "trend": 293.819776, "fair_value": 316.507491, "relative_strength": -28.218078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.93188, "energy": 69.093028, "activity_lines": [ 235.346631, 246.492578, 255.895902, 271.795235 ] }, { "date": "2025-07-18", "close": 227.451172, "volume": 3734203, "typical_volume": 5643130.6, "trend": 289.89935, "fair_value": 314.95344, "relative_strength": -31.038106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.050953, "energy": 65.346334, "activity_lines": [ 232.516749, 241.217192, 252.090489, 267.513389 ] }, { "date": "2025-07-25", "close": 232.450104, "volume": 6868825, "typical_volume": 5858974.3, "trend": 286.205532, "fair_value": 313.202102, "relative_strength": -29.924778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.268393, "energy": 64.671415, "activity_lines": [ 232.016859, 237.776868, 249.204128, 263.806986 ] }, { "date": "2025-08-01", "close": 226.951279, "volume": 8570709, "typical_volume": 6143161.6, "trend": 282.088514, "fair_value": 311.380281, "relative_strength": -30.576876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.320728, "energy": 55.142667, "activity_lines": [ 229.983962, 234.390128, 246.143733, 259.984131 ] }, { "date": "2025-08-08", "close": 224.951706, "volume": 4016492, "typical_volume": 6194242.65, "trend": 278.357999, "fair_value": 309.580876, "relative_strength": -30.798513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.671546, "energy": 60.436004, "activity_lines": [ 228.151021, 231.393337, 243.24495, 256.297885 ] }, { "date": "2025-08-15", "close": 222.45224, "volume": 3606780, "typical_volume": 6261800.75, "trend": 274.4642, "fair_value": 308.060122, "relative_strength": -31.302226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.485458, "energy": 59.325447, "activity_lines": [ 225.684883, 228.850095, 240.466837, 252.691062 ] }, { "date": "2025-08-22", "close": 217.453323, "volume": 3666272, "typical_volume": 6330319.7, "trend": 270.350459, "fair_value": 306.635442, "relative_strength": -33.54755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.339042, "energy": 61.444692, "activity_lines": [ 222.552224, 226.315052, 237.588964, 249.012941 ] }, { "date": "2025-08-29", "close": 220.452667, "volume": 12842693, "typical_volume": 6569281.05, "trend": 266.076798, "fair_value": 305.165929, "relative_strength": -31.00482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.940882, "energy": 52.266894, "activity_lines": [ 221.085869, 224.688127, 235.229799, 245.793729 ] }, { "date": "2025-09-05", "close": 214.453964, "volume": 7204974, "typical_volume": 6793381.4, "trend": 261.449908, "fair_value": 302.479271, "relative_strength": -32.47169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.029319, "energy": 54.111586, "activity_lines": [ 218.419776, 222.270465, 232.434801, 242.463223 ] }, { "date": "2025-09-12", "close": 230.950424, "volume": 17017863, "typical_volume": 7149659.75, "trend": 257.119665, "fair_value": 300.18022, "relative_strength": -27.32644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.890156, "energy": 46.317655, "activity_lines": [ 222.085658, 223.315696, 231.410632, 240.495515 ] }, { "date": "2025-09-19", "close": 221.952347, "volume": 5825244, "typical_volume": 7004496.0, "trend": 252.92265, "fair_value": 297.682559, "relative_strength": -29.078656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.205565, "energy": 41.125407, "activity_lines": [ 222.352265, 222.670379, 229.519785, 238.226655 ] }, { "date": "2025-09-26", "close": 229.950638, "volume": 34906576, "typical_volume": 8168998.6, "trend": 249.905216, "fair_value": 295.255387, "relative_strength": -26.504578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.407875, "energy": 28.491149, "activity_lines": [ 225.318296, 223.761055, 228.542812, 236.74459 ] }, { "date": "2025-10-03", "close": 256.944824, "volume": 24020212, "typical_volume": 9041233.7, "trend": 248.274065, "fair_value": 293.896805, "relative_strength": -19.219827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.34125, "energy": 13.066614, "activity_lines": [ 236.449235, 229.714319, 230.367378, 237.198758 ] }, { "date": "2025-10-10", "close": 249.946335, "volume": 10735409, "typical_volume": 9386599.9, "trend": 246.576231, "fair_value": 292.79572, "relative_strength": -20.467723, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.114858, "energy": 17.572089, "activity_lines": [ 242.814534, 233.949772, 231.684663, 237.306647 ] }, { "date": "2025-10-17", "close": 237.948914, "volume": 16656936, "typical_volume": 10084678.2, "trend": 244.498476, "fair_value": 292.207075, "relative_strength": -23.099361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.614504, "energy": 20.498414, "activity_lines": [ 242.814534, 235.585785, 231.947183, 236.750046 ] }, { "date": "2025-10-24", "close": 245.447311, "volume": 20017925, "typical_volume": 10931013.85, "trend": 242.630682, "fair_value": 291.266766, "relative_strength": -22.52323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.65674, "energy": 26.042526, "activity_lines": [ 244.847433, 238.348829, 233.099754, 236.811261 ] }, { "date": "2025-10-31", "close": 235.449448, "volume": 10567241, "typical_volume": 10901967.45, "trend": 241.599165, "fair_value": 290.348208, "relative_strength": -25.452805, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.78603, "energy": 18.571197, "activity_lines": [ 241.981381, 238.875988, 233.430838, 236.347955 ] }, { "date": "2025-11-07", "close": 228.950851, "volume": 9634698, "typical_volume": 11055983.45, "trend": 240.934132, "fair_value": 289.249624, "relative_strength": -26.519226, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.666091, "energy": 13.190659, "activity_lines": [ 236.582543, 237.894381, 233.152326, 235.531935 ] }, { "date": "2025-11-14", "close": 235.949341, "volume": 7607484, "typical_volume": 11136182.9, "trend": 240.252481, "fair_value": 288.321458, "relative_strength": -23.602137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.316783, "energy": 12.854081, "activity_lines": [ 235.382799, 238.030715, 233.578425, 235.210336 ] }, { "date": "2025-11-21", "close": 229.450745, "volume": 6887974, "typical_volume": 11100219.6, "trend": 240.270514, "fair_value": 287.555343, "relative_strength": -23.51366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.503211, "energy": 20.909958, "activity_lines": [ 232.94999, 236.594661, 233.404653, 234.51345 ] }, { "date": "2025-11-28", "close": 254.445374, "volume": 11916623, "typical_volume": 11315256.65, "trend": 240.288697, "fair_value": 287.014791, "relative_strength": -15.755304, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.455317, "energy": 3.053963, "activity_lines": [ 239.415268, 239.730351, 235.604181, 235.427957 ] }, { "date": "2025-12-05", "close": 248.446655, "volume": 3728673, "typical_volume": 11314980.15, "trend": 239.290578, "fair_value": 286.601059, "relative_strength": -16.252376, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.860988, "energy": 23.163842, "activity_lines": [ 243.281103, 241.184583, 237.151467, 235.954276 ] }, { "date": "2025-12-12", "close": 249.446442, "volume": 3106798, "typical_volume": 11126878.8, "trend": 237.925944, "fair_value": 286.188611, "relative_strength": -14.848972, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.225681, "energy": 34.969775, "activity_lines": [ 246.613719, 242.484304, 238.693992, 236.609493 ] }, { "date": "2025-12-19", "close": 253.445587, "volume": 20760082, "typical_volume": 11736347.45, "trend": 237.427658, "fair_value": 285.750551, "relative_strength": -14.732985, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.260398, "energy": 56.816883, "activity_lines": [ 249.913011, 244.647476, 240.536454, 237.610761 ] }, { "date": "2025-12-26", "close": 256.444946, "volume": 2092460, "typical_volume": 11640145.85, "trend": 236.81277, "fair_value": 285.377841, "relative_strength": -12.587162, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.805748, "energy": 60.517571, "activity_lines": [ 253.045673, 247.292363, 242.538405, 238.837683 ] }, { "date": "2026-01-02", "close": 244.447525, "volume": 8179496, "typical_volume": 11868781.65, "trend": 235.864608, "fair_value": 284.760388, "relative_strength": -16.373205, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.649818, "energy": 51.950705, "activity_lines": [ 250.379581, 247.419609, 243.247777, 239.330247 ] }, { "date": "2026-01-09", "close": 247.446884, "volume": 5700827, "typical_volume": 11970509.4, "trend": 236.199291, "fair_value": 283.97639, "relative_strength": -15.894767, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.220219, "energy": 37.11611, "activity_lines": [ 249.379798, 248.110372, 244.138063, 240.077491 ] }, { "date": "2026-01-16", "close": 239.948486, "volume": 9908320, "typical_volume": 11823790.75, "trend": 236.29927, "fair_value": 283.336503, "relative_strength": -18.437791, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.76243, "energy": 19.69857, "activity_lines": [ 245.947201, 247.219654, 244.171389, 240.319375 ] }, { "date": "2026-01-23", "close": 238.9487, "volume": 5394391, "typical_volume": 11733261.6, "trend": 236.265944, "fair_value": 282.665865, "relative_strength": -17.124999, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.807227, "energy": 16.921418, "activity_lines": [ 242.814539, 245.947199, 244.016661, 240.490306 ] }, { "date": "2026-01-30", "close": 239.948486, "volume": 4460174, "typical_volume": 11105377.15, "trend": 236.665858, "fair_value": 281.795365, "relative_strength": -16.485223, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.006503, "energy": 15.76466, "activity_lines": [ 240.981599, 244.80199, 243.840508, 240.727889 ] }, { "date": "2026-02-06", "close": 217.953217, "volume": 8997740, "typical_volume": 11264001.95, "trend": 236.015998, "fair_value": 281.010639, "relative_strength": -24.195094, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -37.780386, "energy": 32.03067, "activity_lines": [ 232.916666, 239.466774, 241.52672, 239.520622 ] }, { "date": "2026-02-13", "close": 201.456757, "volume": 14051695, "typical_volume": 10221257.9, "trend": 235.149517, "fair_value": 280.126573, "relative_strength": -29.366722, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.687464, "energy": 63.298139, "activity_lines": [ 221.1192, 231.795695, 237.660884, 237.290993 ] }, { "date": "2026-02-20", "close": 199.957077, "volume": 17309070, "typical_volume": 9885700.8, "trend": 234.066416, "fair_value": 279.359731, "relative_strength": -30.418425, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.570418, "energy": 74.69962, "activity_lines": [ 211.887849, 224.706308, 233.787906, 235.020513 ] }, { "date": "2026-02-27", "close": 203.456314, "volume": 5402131, "typical_volume": 9619036.9, "trend": 233.283251, "fair_value": 278.479514, "relative_strength": -29.761743, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.692747, "energy": 86.041456, "activity_lines": [ 206.489005, 219.152953, 230.51956, 233.045668 ] }, { "date": "2026-03-06", "close": 207.955353, "volume": 5650925, "typical_volume": 9068736.35, "trend": 232.716706, "fair_value": 277.660167, "relative_strength": -23.002536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.734324, "energy": 81.857115, "activity_lines": [ 204.955999, 215.326501, 227.901074, 231.41161 ] }, { "date": "2026-03-13", "close": 203.956207, "volume": 6742249, "typical_volume": 8404952.55, "trend": 232.100171, "fair_value": 276.90743, "relative_strength": -23.470102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.005503, "energy": 75.684698, "activity_lines": [ 204.22282, 211.65456, 225.044544, 229.556094 ] }, { "date": "2026-03-20", "close": 195.158096, "volume": 8783060, "typical_volume": 8315743.5, "trend": 231.356997, "fair_value": 276.140574, "relative_strength": -23.385887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.483133, "energy": 66.921676, "activity_lines": [ 201.490071, 207.119169, 221.547675, 227.172734 ] }, { "date": "2026-03-27", "close": 190.959, "volume": 12237800, "typical_volume": 8445898.6, "trend": 230.373875, "fair_value": 275.442889, "relative_strength": -24.518594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.777422, "energy": 59.48815, "activity_lines": [ 197.777535, 202.771011, 217.842755, 224.566412 ] }, { "date": "2026-04-03", "close": 204.4561, "volume": 4855282, "typical_volume": 8308288.5, "trend": 230.040613, "fair_value": 274.927813, "relative_strength": -22.018054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.005923, "energy": 51.515775, "activity_lines": [ 199.163904, 201.767589, 215.604188, 222.894297 ] }, { "date": "2026-04-10", "close": 187.559738, "volume": 5378713, "typical_volume": 8232825.45, "trend": 228.594257, "fair_value": 274.259586, "relative_strength": -28.831955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.122291, "energy": 55.263779, "activity_lines": [ 194.851499, 198.31924, 211.906411, 220.153596 ] }, { "date": "2026-04-17", "close": 220.95256, "volume": 7028371, "typical_volume": 7988412.85, "trend": 228.56093, "fair_value": 273.697796, "relative_strength": -16.021562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.490899, "energy": 32.061302, "activity_lines": [ 203.029743, 201.894835, 211.588383, 219.660583 ] }, { "date": "2026-04-24", "close": 212.054489, "volume": 5290170, "typical_volume": 8066487.7, "trend": 227.964392, "fair_value": 272.971347, "relative_strength": -16.723581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.904872, "energy": 21.224601, "activity_lines": [ 207.108873, 203.798066, 210.58241, 218.595651 ] }, { "date": "2026-05-01", "close": 214.853867, "volume": 4285409, "typical_volume": 8125418.25, "trend": 226.56136, "fair_value": 272.315372, "relative_strength": -14.913266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.219398, "energy": 18.851256, "activity_lines": [ 210.994703, 206.017588, 210.016341, 217.749811 ] }, { "date": "2026-05-08", "close": 223.751968, "volume": 6690303, "typical_volume": 7421929.3, "trend": 225.688215, "fair_value": 271.790744, "relative_strength": -9.494114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.261629, "energy": 19.76246, "activity_lines": [ 216.253576, 209.584096, 210.462436, 217.56856 ] }, { "date": "2026-05-15", "close": 219.452881, "volume": 7337027, "typical_volume": 7684157.65, "trend": 225.07168, "fair_value": 271.269307, "relative_strength": -10.051935, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.315953, "energy": 16.509583, "activity_lines": [ 218.793028, 211.999941, 210.640492, 217.16628 ] }, { "date": "2026-05-22", "close": 232.949997, "volume": 4385682, "typical_volume": 7494466.95, "trend": 224.655103, "fair_value": 270.917667, "relative_strength": -6.349236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.479548, "energy": 21.563935, "activity_lines": [ 223.705309, 216.66076, 212.280141, 217.674559 ] }, { "date": "2026-05-29", "close": 236.949127, "volume": 3674338, "typical_volume": 7393142.5, "trend": 224.705092, "fair_value": 270.544258, "relative_strength": -3.550832, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.549386, "energy": 43.879746, "activity_lines": [ 229.150805, 221.521534, 214.355409, 218.467722 ] }, { "date": "2026-06-05", "close": 197.1751, "volume": 3327918, "typical_volume": 7064122.4, "trend": 223.645901, "fair_value": 270.011977, "relative_strength": -18.635466, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.795437, "energy": 17.284921, "activity_lines": [ 219.678649, 218.39083, 212.692664, 216.691593 ] }, { "date": "2026-06-12", "close": 202.5571, "volume": 2522996, "typical_volume": 6920552.65, "trend": 222.532826, "fair_value": 269.644877, "relative_strength": -16.729011, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.217434, "energy": 15.352496, "activity_lines": [ 213.179077, 216.125651, 211.746174, 215.331025 ] }, { "date": "2026-06-19", "close": 188.2, "volume": 5757330, "typical_volume": 6985410.45, "trend": 221.157801, "fair_value": 269.345652, "relative_strength": -21.245342, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.209097, "energy": 36.029342, "activity_lines": [ 203.306797, 211.284618, 209.605634, 213.116004 ] }, { "date": "2026-06-26", "close": 191.8, "volume": 2486787, "typical_volume": 6659862.8, "trend": 219.069622, "fair_value": 269.107946, "relative_strength": -20.244319, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.414291, "energy": 47.75255, "activity_lines": [ 196.718042, 207.086489, 208.054372, 211.221953 ] }, { "date": "2026-07-03", "close": 217.0, "volume": 1683804, "typical_volume": 6041468.25, "trend": 218.0214, "fair_value": 269.08944, "relative_strength": -10.796909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.766856, "energy": 39.781545, "activity_lines": [ 201.27262, 208.000225, 209.027649, 211.088429 ] }, { "date": "2026-07-10", "close": 218.5, "volume": 12200435, "typical_volume": 5786036.5, "trend": 216.989852, "fair_value": 268.879372, "relative_strength": -8.180488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.791461, "energy": 21.666116, "activity_lines": [ 207.65714, 209.09677, 210.069769, 211.119306 ] }, { "date": "2026-07-17", "close": 224.5, "volume": 7532282, "typical_volume": 5892544.05, "trend": 216.024999, "fair_value": 268.698796, "relative_strength": -6.249342, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.711861, "energy": 10.437612, "activity_lines": [ 214.62, 211.21793, 211.595017, 211.603832 ] }, { "date": "2026-07-24", "close": 207.0, "volume": 7142749, "typical_volume": 5967135.25, "trend": 214.376834, "fair_value": 268.398351, "relative_strength": -14.197351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.550426, "energy": 18.097787, "activity_lines": [ 214.286667, 210.143672, 211.35339, 211.021574 ] }, { "date": "2026-07-31", "close": 221.0, "volume": 19243806, "typical_volume": 6592213.1, "trend": 213.59525, "fair_value": 268.245313, "relative_strength": -9.141249, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.66537, "energy": 17.473013, "activity_lines": [ 217.366667, 211.841284, 212.449646, 211.448875 ] }, { "date": "2026-08-07", "close": 237.5, "volume": 4856933, "typical_volume": 6395906.75, "trend": 213.263687, "fair_value": 268.273647, "relative_strength": -2.40631, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.784952, "energy": 45.549048, "activity_lines": [ 224.0, 216.756169, 215.03617, 212.991117 ] } ], "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." } } }