{ "ticker": { "uuid": "8f3ab5fb-1e3f-44a0-9c43-1bad67f53e24", "symbol": "NIC", "name": "Nicolet Bankshares Inc.", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 71.657, "architecture_energy": 73.525, "architecture_maturity": 21.146, "architecture_confidence": 77.613, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 6.25, "rotation_up": 78.53, "upward_expansion": 93.49, "deceleration": 41.53, "rotation_down": 10.96, "downward_expansion": 15.49 }, "activity_lines": [ 170.594667, 166.458182, 158.032884, 155.000611 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 172.54, "trend_reference": 151.441143, "distance_from_trend": 0.139321, "trend_direction": "Improving", "fair_value": 109.543866, "distance_from_fair_value": 0.575077, "fair_value_direction": "Improving", "relative_strength": 9.023669, "relative_strength_direction": "Improving", "price_momentum": 0.138579, "excess_performance": 0.012954, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.139321, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.087258, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.575077, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.142374, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.090237, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.111972, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.138579, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.931709, "read": "Supply-led" } ], "volume": { "latest": 837427, "relative_activity": 0.728792, "balance": 0.931709, "dry_up": 0.869362, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.056851, "annualized_volatility": 0.307595, "from_high_reference": -0.022934, "from_low_reference": 0.522824 }, "levels": { "trend_reference": 151.441143, "fair_value_reference": 109.543866, "structural_low": 131.86, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": -0.010832, "positive_rate": 0.387097, "directional_follow_through": 0.387097, "median_excess_return": -0.010223, "regime_survival": 0.677419, "best_return": 0.131241, "worst_return": -0.129718, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.003275, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.069084, "regime_survival": 0.25, "best_return": 0.100503, "worst_return": -0.236164, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.083299, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.021961, "regime_survival": 0.571429, "best_return": 0.350899, "worst_return": -0.161932, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.106739, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.033887, "regime_survival": 0.75, "best_return": 0.315423, "worst_return": -0.082346, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": 0.076104, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-21", "tenure": "Developing", "return": -0.051332, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-28", "end": "2025-05-09", "tenure": "Developing", "return": 0.100174, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-08-15", "tenure": "Established", "return": 0.055835, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": 0.01542, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-03", "tenure": "Developing", "return": -0.017579, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": -0.081266, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": 0.019833, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-02-06", "tenure": "Developing", "return": 0.176855, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.098161, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.097421, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.010652, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-07-03", "tenure": "Developing", "return": 0.218534, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.05156, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 74.953623, "volume": 167575, "typical_volume": 223157.9, "trend": 66.810268, "fair_value": 72.432385, "relative_strength": -1.381276, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.179507, "energy": 79.924782, "activity_lines": [ 78.135936, 75.215137, 70.342625, 68.048238 ] }, { "date": "2023-08-25", "close": 71.452112, "volume": 115325, "typical_volume": 220658.3, "trend": 66.902031, "fair_value": 72.530376, "relative_strength": -6.466889, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.947683, "energy": 48.612853, "activity_lines": [ 75.857697, 74.963296, 70.850341, 68.347712 ] }, { "date": "2023-09-01", "close": 75.52105, "volume": 141692, "typical_volume": 217509.45, "trend": 66.99134, "fair_value": 72.638455, "relative_strength": -3.374321, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.438788, "energy": 36.035168, "activity_lines": [ 75.216923, 75.436664, 71.696499, 68.903778 ] }, { "date": "2023-09-08", "close": 72.06622, "volume": 126211, "typical_volume": 211205.45, "trend": 67.023292, "fair_value": 72.730131, "relative_strength": -6.387205, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.336116, "energy": 25.480911, "activity_lines": [ 73.74331, 75.103612, 72.135035, 69.231189 ] }, { "date": "2023-09-15", "close": 69.63037, "volume": 228459, "typical_volume": 213121.6, "trend": 66.912713, "fair_value": 72.818791, "relative_strength": -9.111142, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.629841, "energy": 27.207507, "activity_lines": [ 72.055848, 74.211696, 72.260777, 69.399388 ] }, { "date": "2023-09-22", "close": 65.971743, "volume": 137952, "typical_volume": 207875.15, "trend": 66.72867, "fair_value": 72.874055, "relative_strength": -10.887883, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.353596, "energy": 19.105122, "activity_lines": [ 69.804871, 72.587629, 71.969417, 69.33868 ] }, { "date": "2023-09-29", "close": 67.718567, "volume": 142603, "typical_volume": 207714.2, "trend": 66.546336, "fair_value": 72.969913, "relative_strength": -7.541575, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.147039, "energy": 21.171394, "activity_lines": [ 68.73496, 71.335084, 71.791074, 69.402545 ] }, { "date": "2023-10-06", "close": 69.03839, "volume": 157658, "typical_volume": 206919.6, "trend": 66.640493, "fair_value": 73.058607, "relative_strength": -5.859501, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.054308, "energy": 22.787368, "activity_lines": [ 68.353894, 70.467067, 71.667356, 69.563322 ] }, { "date": "2023-10-13", "close": 67.116883, "volume": 134481, "typical_volume": 202716.35, "trend": 66.790382, "fair_value": 73.116086, "relative_strength": -8.415361, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.908742, "energy": 22.058889, "activity_lines": [ 67.764502, 69.45449, 71.308836, 69.594057 ] }, { "date": "2023-10-20", "close": 66.233766, "volume": 154152, "typical_volume": 201025.6, "trend": 66.930422, "fair_value": 73.173771, "relative_strength": -6.991406, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.399899, "energy": 28.769375, "activity_lines": [ 67.210694, 68.534452, 70.842227, 69.558146 ] }, { "date": "2023-10-27", "close": 67.184815, "volume": 120518, "typical_volume": 190513.55, "trend": 67.145195, "fair_value": 73.209145, "relative_strength": -2.919944, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.436722, "energy": 22.350902, "activity_lines": [ 67.200342, 68.028006, 70.465295, 69.574559 ] }, { "date": "2023-11-03", "close": 74.686457, "volume": 151020, "typical_volume": 180586.05, "trend": 67.596536, "fair_value": 73.306872, "relative_strength": 2.329294, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.972184, "energy": 16.864486, "activity_lines": [ 69.609667, 69.026745, 70.814928, 70.061092 ] }, { "date": "2023-11-10", "close": 70.833738, "volume": 146418, "typical_volume": 174800.55, "trend": 67.990422, "fair_value": 73.388548, "relative_strength": -3.841663, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.976249, "energy": 15.465448, "activity_lines": [ 70.270225, 69.266183, 70.77841, 70.269944 ] }, { "date": "2023-11-17", "close": 75.424005, "volume": 292392, "typical_volume": 182013.5, "trend": 68.668016, "fair_value": 73.468092, "relative_strength": 0.402486, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.681738, "energy": 32.740966, "activity_lines": [ 72.341183, 70.42544, 71.154691, 70.74953 ] }, { "date": "2023-11-24", "close": 72.784359, "volume": 59897, "typical_volume": 177148.85, "trend": 69.253769, "fair_value": 73.512002, "relative_strength": -3.653092, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.890374, "energy": 32.350536, "activity_lines": [ 72.978451, 71.04371, 71.233212, 71.0151 ] }, { "date": "2023-12-01", "close": 74.715977, "volume": 172877, "typical_volume": 177299.2, "trend": 69.918681, "fair_value": 73.565825, "relative_strength": -1.522014, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.300505, "energy": 43.286728, "activity_lines": [ 73.822885, 71.955838, 71.463144, 71.367501 ] }, { "date": "2023-12-08", "close": 76.497943, "volume": 166993, "typical_volume": 170432.6, "trend": 70.708824, "fair_value": 73.624154, "relative_strength": 0.96735, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.101871, "energy": 55.939453, "activity_lines": [ 74.75923, 73.032974, 71.835269, 71.791969 ] }, { "date": "2023-12-15", "close": 77.56907, "volume": 361348, "typical_volume": 172692.25, "trend": 71.355802, "fair_value": 73.694845, "relative_strength": 0.384219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.594605, "energy": 55.731563, "activity_lines": [ 75.931852, 74.145235, 72.305461, 72.234566 ] }, { "date": "2023-12-22", "close": 79.497099, "volume": 187950, "typical_volume": 167953.8, "trend": 71.936347, "fair_value": 73.78191, "relative_strength": 2.40624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.795101, "energy": 64.710583, "activity_lines": [ 77.298128, 75.452944, 72.972291, 72.759811 ] }, { "date": "2023-12-29", "close": 78.367547, "volume": 112484, "typical_volume": 163900.25, "trend": 72.347096, "fair_value": 73.864451, "relative_strength": 1.063473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.793393, "energy": 61.891601, "activity_lines": [ 78.016347, 76.330184, 73.538882, 73.174727 ] }, { "date": "2024-01-05", "close": 74.920465, "volume": 150479, "typical_volume": 163045.45, "trend": 72.520099, "fair_value": 73.934962, "relative_strength": -1.392693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.2673, "energy": 45.332193, "activity_lines": [ 77.213326, 76.360069, 73.782432, 73.340751 ] }, { "date": "2024-01-12", "close": 75.417079, "volume": 198012, "typical_volume": 167179.8, "trend": 72.679026, "fair_value": 73.986054, "relative_strength": -2.112374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.762426, "energy": 32.713717, "activity_lines": [ 76.562211, 76.339598, 74.073437, 73.527652 ] }, { "date": "2024-01-19", "close": 79.428936, "volume": 180843, "typical_volume": 169137.35, "trend": 73.136117, "fair_value": 74.048967, "relative_strength": 2.012821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.373495, "energy": 33.972436, "activity_lines": [ 77.320439, 77.035273, 74.727642, 73.963131 ] }, { "date": "2024-01-26", "close": 78.912848, "volume": 160636, "typical_volume": 170858.6, "trend": 73.576972, "fair_value": 74.102582, "relative_strength": 0.434546, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.850979, "energy": 31.781673, "activity_lines": [ 77.782647, 77.480836, 75.314088, 74.335823 ] }, { "date": "2024-02-02", "close": 74.287527, "volume": 239474, "typical_volume": 171409.35, "trend": 73.854944, "fair_value": 74.160143, "relative_strength": -6.455011, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.682839, "energy": 21.92077, "activity_lines": [ 76.742031, 77.021999, 75.427423, 74.381665 ] }, { "date": "2024-02-09", "close": 74.86204, "volume": 133982, "typical_volume": 171210.85, "trend": 74.052439, "fair_value": 74.198475, "relative_strength": -6.712075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.858137, "energy": 19.578492, "activity_lines": [ 76.16492, 76.640288, 75.573297, 74.446639 ] }, { "date": "2024-02-16", "close": 78.202009, "volume": 259681, "typical_volume": 177064.75, "trend": 74.136859, "fair_value": 74.24463, "relative_strength": -1.922263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.759535, "energy": 20.196214, "activity_lines": [ 76.705028, 76.863189, 75.994929, 74.714353 ] }, { "date": "2024-02-23", "close": 76.799806, "volume": 126127, "typical_volume": 175488.2, "trend": 74.020098, "fair_value": 74.275313, "relative_strength": -4.897117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.391211, "energy": 15.689681, "activity_lines": [ 76.592073, 76.80016, 76.233097, 74.886156 ] }, { "date": "2024-03-01", "close": 76.906919, "volume": 122017, "typical_volume": 174865.0, "trend": 73.882404, "fair_value": 74.311006, "relative_strength": -5.304886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.824233, "energy": 17.337757, "activity_lines": [ 76.690097, 76.770594, 76.444506, 75.072403 ] }, { "date": "2024-03-08", "close": 80.647222, "volume": 138291, "typical_volume": 174071.95, "trend": 73.921619, "fair_value": 74.334239, "relative_strength": -0.279114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.770103, "energy": 36.104564, "activity_lines": [ 78.168617, 77.468176, 76.965516, 75.508843 ] }, { "date": "2024-03-15", "close": 80.022125, "volume": 231882, "typical_volume": 179640.15, "trend": 74.09057, "fair_value": 74.320611, "relative_strength": -0.923462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.290991, "energy": 43.853306, "activity_lines": [ 79.014793, 78.010656, 77.358357, 75.902424 ] }, { "date": "2024-03-22", "close": 81.057441, "volume": 185997, "typical_volume": 181389.0, "trend": 74.410747, "fair_value": 74.312261, "relative_strength": -1.790955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.577952, "energy": 52.220472, "activity_lines": [ 79.862068, 78.648618, 77.78867, 76.351899 ] }, { "date": "2024-03-29", "close": 83.987581, "volume": 280726, "typical_volume": 188104.4, "trend": 74.692965, "fair_value": 74.319606, "relative_strength": 1.273939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.411907, "energy": 64.753351, "activity_lines": [ 81.495694, 79.716781, 78.467705, 76.969759 ] }, { "date": "2024-04-05", "close": 80.188166, "volume": 154640, "typical_volume": 181216.8, "trend": 74.963696, "fair_value": 74.310377, "relative_strength": -2.478331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.117887, "energy": 50.832144, "activity_lines": [ 81.383663, 80.011256, 78.722254, 77.324289 ] }, { "date": "2024-04-12", "close": 75.832025, "volume": 200105, "typical_volume": 188227.2, "trend": 75.170418, "fair_value": 74.275262, "relative_strength": -6.444801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.384582, "energy": 24.887534, "activity_lines": [ 79.600836, 79.490518, 78.539247, 77.38031 ] }, { "date": "2024-04-19", "close": 78.039397, "volume": 225531, "typical_volume": 190859.9, "trend": 75.572673, "fair_value": 74.294253, "relative_strength": -0.934853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.665341, "energy": 17.889434, "activity_lines": [ 78.874812, 79.343039, 78.551952, 77.565405 ] }, { "date": "2024-04-26", "close": 77.883123, "volume": 192476, "typical_volume": 192134.05, "trend": 75.911492, "fair_value": 74.302546, "relative_strength": -3.89703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.079423, "energy": 17.230641, "activity_lines": [ 78.228879, 79.109376, 78.533948, 77.714466 ] }, { "date": "2024-05-03", "close": 78.264041, "volume": 163737, "typical_volume": 182253.5, "trend": 76.219014, "fair_value": 74.311676, "relative_strength": -4.21197, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.652166, "energy": 17.56728, "activity_lines": [ 77.92154, 78.950769, 78.545626, 77.866244 ] }, { "date": "2024-05-10", "close": 79.817015, "volume": 92777, "typical_volume": 177494.85, "trend": 76.642351, "fair_value": 74.323103, "relative_strength": -4.368435, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.12107, "energy": 14.197008, "activity_lines": [ 78.513428, 79.047898, 78.701897, 78.098373 ] }, { "date": "2024-05-17", "close": 81.789976, "volume": 96353, "typical_volume": 176688.3, "trend": 77.160892, "fair_value": 74.354834, "relative_strength": -3.754396, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.148337, "energy": 26.071086, "activity_lines": [ 79.787714, 79.450836, 79.044546, 78.430478 ] }, { "date": "2024-05-24", "close": 79.123549, "volume": 133431, "typical_volume": 175835.9, "trend": 77.558849, "fair_value": 74.377378, "relative_strength": -6.884644, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.310908, "energy": 23.526744, "activity_lines": [ 79.775993, 79.348193, 79.116952, 78.557101 ] }, { "date": "2024-05-31", "close": 78.654726, "volume": 104983, "typical_volume": 171184.45, "trend": 77.691125, "fair_value": 74.391853, "relative_strength": -6.9901, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.335113, "energy": 22.566366, "activity_lines": [ 79.535722, 79.176646, 79.124693, 78.627803 ] }, { "date": "2024-06-07", "close": 77.080868, "volume": 85760, "typical_volume": 166430.3, "trend": 77.899363, "fair_value": 74.402476, "relative_strength": -9.765747, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.125238, "energy": 5.951888, "activity_lines": [ 78.719391, 78.76263, 78.967126, 78.588431 ] }, { "date": "2024-06-14", "close": 75.973272, "volume": 165998, "typical_volume": 166698.4, "trend": 77.917672, "fair_value": 74.424649, "relative_strength": -12.26173, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.843138, "energy": 13.848497, "activity_lines": [ 77.612739, 78.272808, 78.715255, 78.464167 ] }, { "date": "2024-06-21", "close": 76.316333, "volume": 164358, "typical_volume": 162942.6, "trend": 78.035404, "fair_value": 74.481444, "relative_strength": -12.284346, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.764356, "energy": 22.736092, "activity_lines": [ 76.876691, 77.921996, 78.510054, 78.360855 ] }, { "date": "2024-06-28", "close": 81.393633, "volume": 305696, "typical_volume": 171528.3, "trend": 78.257993, "fair_value": 74.561768, "relative_strength": -6.390821, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.803178, "energy": 8.317013, "activity_lines": [ 78.197985, 78.485524, 78.778744, 78.577515 ] }, { "date": "2024-07-05", "close": 78.423707, "volume": 87904, "typical_volume": 162939.45, "trend": 78.322185, "fair_value": 74.623611, "relative_strength": -11.382566, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.384862, "energy": 7.178772, "activity_lines": [ 78.377965, 78.448079, 78.733482, 78.588206 ] }, { "date": "2024-07-12", "close": 85.186906, "volume": 266257, "typical_volume": 169945.95, "trend": 78.576113, "fair_value": 74.734983, "relative_strength": -4.619959, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.068373, "energy": 44.340724, "activity_lines": [ 80.827746, 79.630478, 79.331278, 79.031091 ] }, { "date": "2024-07-19", "close": 95.390515, "volume": 598472, "typical_volume": 193768.7, "trend": 79.105893, "fair_value": 74.906637, "relative_strength": 8.891298, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.954553, "energy": 79.478234, "activity_lines": [ 86.138328, 82.542209, 80.860908, 80.115892 ] }, { "date": "2024-07-26", "close": 101.595015, "volume": 497216, "typical_volume": 211714.95, "trend": 79.880142, "fair_value": 75.128006, "relative_strength": 16.825091, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.833432, "energy": 92.441252, "activity_lines": [ 92.222593, 86.298875, 82.893426, 81.566803 ] }, { "date": "2024-08-02", "close": 91.75407, "volume": 288349, "typical_volume": 214538.3, "trend": 80.441262, "fair_value": 75.269124, "relative_strength": 7.946295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.465535, "energy": 82.362293, "activity_lines": [ 93.341298, 87.906188, 83.888959, 82.332862 ] }, { "date": "2024-08-09", "close": 85.529967, "volume": 163322, "typical_volume": 213404.55, "trend": 80.778359, "fair_value": 75.355769, "relative_strength": 0.854396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.672832, "energy": 75.944337, "activity_lines": [ 91.694606, 88.152199, 84.235854, 82.661166 ] }, { "date": "2024-08-16", "close": 90.028964, "volume": 212853, "typical_volume": 210010.9, "trend": 81.131693, "fair_value": 75.468908, "relative_strength": 2.221069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.15148, "energy": 49.452362, "activity_lines": [ 91.07383, 89.091205, 84.989927, 83.257979 ] }, { "date": "2024-08-23", "close": 96.566724, "volume": 197127, "typical_volume": 212135.25, "trend": 81.720155, "fair_value": 75.62167, "relative_strength": 8.026057, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.255902, "energy": 46.786089, "activity_lines": [ 92.309502, 90.983475, 86.337876, 84.253788 ] }, { "date": "2024-08-30", "close": 96.351086, "volume": 159672, "typical_volume": 210113.6, "trend": 82.455607, "fair_value": 75.756685, "relative_strength": 7.472897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.608042, "energy": 45.918895, "activity_lines": [ 93.394881, 92.462112, 87.587295, 85.197719 ] }, { "date": "2024-09-06", "close": 92.448734, "volume": 195732, "typical_volume": 208623.65, "trend": 83.041831, "fair_value": 75.874157, "relative_strength": 7.478709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.533198, "energy": 43.06667, "activity_lines": [ 93.529072, 92.866962, 88.367351, 85.842437 ] }, { "date": "2024-09-13", "close": 94.660426, "volume": 139782, "typical_volume": 205988.95, "trend": 83.590444, "fair_value": 76.029212, "relative_strength": 5.686193, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.334067, "energy": 45.200983, "activity_lines": [ 94.354182, 93.472936, 89.289428, 86.592023 ] }, { "date": "2024-09-20", "close": 95.525443, "volume": 264076, "typical_volume": 211005.9, "trend": 84.214632, "fair_value": 76.196544, "relative_strength": 4.996706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.094068, "energy": 42.306071, "activity_lines": [ 94.858934, 93.940973, 90.213997, 87.362023 ] }, { "date": "2024-09-27", "close": 92.822264, "volume": 137462, "typical_volume": 213240.15, "trend": 84.745144, "fair_value": 76.338086, "relative_strength": 1.427907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.820171, "energy": 35.083152, "activity_lines": [ 94.096195, 93.729549, 90.798922, 87.917354 ] }, { "date": "2024-10-04", "close": 91.092229, "volume": 143451, "typical_volume": 215595.05, "trend": 85.093311, "fair_value": 76.454459, "relative_strength": -0.67801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.088899, "energy": 25.645395, "activity_lines": [ 93.006408, 93.250269, 91.157153, 88.326844 ] }, { "date": "2024-10-11", "close": 95.053615, "volume": 119684, "typical_volume": 214907.7, "trend": 85.59436, "fair_value": 76.58375, "relative_strength": 2.382915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.266912, "energy": 26.323439, "activity_lines": [ 93.587673, 93.682201, 91.848361, 88.969444 ] }, { "date": "2024-10-18", "close": 100.165082, "volume": 221844, "typical_volume": 220750.75, "trend": 86.231282, "fair_value": 76.760011, "relative_strength": 6.810583, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.270544, "energy": 40.025791, "activity_lines": [ 95.699102, 94.983499, 92.950519, 89.909491 ] }, { "date": "2024-10-25", "close": 98.041857, "volume": 304068, "typical_volume": 231666.15, "trend": 86.699758, "fair_value": 76.944771, "relative_strength": 5.504215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.459846, "energy": 46.025048, "activity_lines": [ 96.735812, 95.632662, 93.748035, 90.671463 ] }, { "date": "2024-11-01", "close": 99.270575, "volume": 221737, "typical_volume": 234453.1, "trend": 87.335838, "fair_value": 77.137159, "relative_strength": 8.326984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.383278, "energy": 66.089955, "activity_lines": [ 98.014334, 96.35954, 94.562757, 91.482484 ] }, { "date": "2024-11-08", "close": 109.090489, "volume": 575864, "typical_volume": 255028.4, "trend": 88.444453, "fair_value": 77.367176, "relative_strength": 13.37587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.857583, "energy": 82.255209, "activity_lines": [ 102.136273, 98.822696, 96.20177, 92.88601 ] }, { "date": "2024-11-15", "close": 109.935846, "volume": 292518, "typical_volume": 254369.5, "trend": 89.507668, "fair_value": 77.609467, "relative_strength": 16.428993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.179562, "energy": 85.499101, "activity_lines": [ 105.340114, 101.207928, 97.765225, 94.272551 ] }, { "date": "2024-11-22", "close": 110.908991, "volume": 226923, "typical_volume": 261320.45, "trend": 90.608531, "fair_value": 77.868061, "relative_strength": 15.201752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.231896, "energy": 89.192738, "activity_lines": [ 107.876188, 103.452148, 99.285445, 95.653281 ] }, { "date": "2024-11-29", "close": 109.503338, "volume": 218678, "typical_volume": 258941.5, "trend": 91.64984, "fair_value": 78.130738, "relative_strength": 12.188812, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.590059, "energy": 85.304504, "activity_lines": [ 109.22745, 105.145366, 100.517102, 96.872301 ] }, { "date": "2024-12-06", "close": 110.02392, "volume": 239734, "typical_volume": 241004.6, "trend": 92.656737, "fair_value": 78.377854, "relative_strength": 11.580612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.121039, "energy": 80.822688, "activity_lines": [ 109.98814, 106.679092, 101.682546, 98.057726 ] }, { "date": "2024-12-13", "close": 110.516638, "volume": 217147, "typical_volume": 227001.15, "trend": 93.614293, "fair_value": 78.609911, "relative_strength": 12.53371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.415366, "energy": 65.564188, "activity_lines": [ 110.196181, 107.989645, 102.825232, 99.209977 ] }, { "date": "2024-12-20", "close": 104.466062, "volume": 296423, "typical_volume": 227404.85, "trend": 94.459043, "fair_value": 78.781136, "relative_strength": 8.276563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.924748, "energy": 48.343127, "activity_lines": [ 108.292286, 107.846923, 103.349189, 99.910092 ] }, { "date": "2024-12-27", "close": 103.086451, "volume": 111461, "typical_volume": 224811.8, "trend": 95.273434, "fair_value": 78.904981, "relative_strength": 6.075221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.593308, "energy": 33.626029, "activity_lines": [ 106.293173, 107.282226, 103.681222, 100.466699 ] }, { "date": "2025-01-03", "close": 102.682423, "volume": 140828, "typical_volume": 221210.55, "trend": 96.126819, "fair_value": 79.033647, "relative_strength": 6.064568, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.347876, "energy": 22.63026, "activity_lines": [ 104.680887, 106.590955, 103.891173, 100.944698 ] }, { "date": "2025-01-10", "close": 99.233397, "volume": 190176, "typical_volume": 220863.0, "trend": 96.902157, "fair_value": 79.127544, "relative_strength": 4.394099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.161701, "energy": 22.526925, "activity_lines": [ 102.373653, 105.188214, 103.712391, 101.145122 ] }, { "date": "2025-01-17", "close": 105.244556, "volume": 258952, "typical_volume": 225827.0, "trend": 97.866431, "fair_value": 79.257998, "relative_strength": 7.43334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.129328, "energy": 22.299652, "activity_lines": [ 102.789507, 104.879087, 104.093401, 101.683342 ] }, { "date": "2025-01-24", "close": 107.895379, "volume": 197080, "typical_volume": 225894.4, "trend": 98.749822, "fair_value": 79.38031, "relative_strength": 8.085993, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.090184, "energy": 20.273766, "activity_lines": [ 104.44044, 105.121853, 104.684522, 102.33037 ] }, { "date": "2025-01-31", "close": 110.496929, "volume": 223580, "typical_volume": 230084.3, "trend": 99.81893, "fair_value": 79.522262, "relative_strength": 11.413486, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.749832, "energy": 33.352584, "activity_lines": [ 106.729936, 105.874728, 105.449853, 103.088248 ] }, { "date": "2025-02-07", "close": 115.542361, "volume": 262676, "typical_volume": 230014.3, "trend": 100.830778, "fair_value": 79.677228, "relative_strength": 16.148083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.819628, "energy": 69.573447, "activity_lines": [ 110.207211, 107.552447, 106.62029, 104.102663 ] }, { "date": "2025-02-14", "close": 116.754448, "volume": 293892, "typical_volume": 237835.8, "trend": 101.542909, "fair_value": 79.838172, "relative_strength": 15.206896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.728524, "energy": 81.285583, "activity_lines": [ 113.231186, 109.340744, 107.810845, 105.129997 ] }, { "date": "2025-02-21", "close": 115.325565, "volume": 194981, "typical_volume": 240412.3, "trend": 102.000594, "fair_value": 79.991378, "relative_strength": 15.127897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.942913, "energy": 80.688314, "activity_lines": [ 114.610796, 110.746872, 108.751353, 106.0192 ] }, { "date": "2025-02-28", "close": 118.124204, "volume": 259331, "typical_volume": 247394.65, "trend": 102.879599, "fair_value": 80.159435, "relative_strength": 18.424902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.884255, "energy": 84.263673, "activity_lines": [ 116.251218, 112.574408, 109.843001, 107.059433 ] }, { "date": "2025-03-07", "close": 114.290858, "volume": 321900, "typical_volume": 252397.45, "trend": 103.838295, "fair_value": 80.300388, "relative_strength": 17.691202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.289594, "energy": 68.951518, "activity_lines": [ 115.931937, 113.456642, 110.459709, 107.795644 ] }, { "date": "2025-03-14", "close": 110.945099, "volume": 293246, "typical_volume": 251856.35, "trend": 104.5355, "fair_value": 80.418226, "relative_strength": 16.394025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.715876, "energy": 43.725232, "activity_lines": [ 114.244474, 113.526839, 110.690508, 108.254147 ] }, { "date": "2025-03-21", "close": 109.611387, "volume": 1160906, "typical_volume": 298814.8, "trend": 104.970322, "fair_value": 80.533135, "relative_strength": 13.936824, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.926797, "energy": 28.905151, "activity_lines": [ 112.418925, 113.204313, 110.732842, 108.581624 ] }, { "date": "2025-03-28", "close": 107.793586, "volume": 271107, "typical_volume": 283576.95, "trend": 105.351738, "fair_value": 80.634971, "relative_strength": 13.323995, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.256593, "energy": 19.897664, "activity_lines": [ 110.463646, 112.362587, 110.552811, 108.76377 ] }, { "date": "2025-04-04", "close": 99.465294, "volume": 335267, "typical_volume": 285714.4, "trend": 105.585624, "fair_value": 80.695524, "relative_strength": 14.477467, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.847281, "energy": 21.274695, "activity_lines": [ 106.234402, 109.96028, 109.585784, 108.383999 ] }, { "date": "2025-04-11", "close": 100.937317, "volume": 478114, "typical_volume": 298273.95, "trend": 105.794853, "fair_value": 80.777741, "relative_strength": 9.462039, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.403651, "energy": 33.541739, "activity_lines": [ 103.739759, 107.978888, 108.80881, 108.084108 ] }, { "date": "2025-04-18", "close": 109.482955, "volume": 223560, "typical_volume": 298518.05, "trend": 106.260104, "fair_value": 80.914367, "relative_strength": 19.782524, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.329948, "energy": 24.527166, "activity_lines": [ 104.983899, 107.72506, 108.89319, 108.32205 ] }, { "date": "2025-04-25", "close": 114.412751, "volume": 261014, "typical_volume": 299582.05, "trend": 106.979787, "fair_value": 81.120203, "relative_strength": 18.974783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.943438, "energy": 18.463824, "activity_lines": [ 107.96878, 108.477729, 109.447172, 108.848028 ] }, { "date": "2025-05-02", "close": 119.500616, "volume": 253811, "typical_volume": 301415.25, "trend": 107.926733, "fair_value": 81.383666, "relative_strength": 19.993377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.655783, "energy": 30.377576, "activity_lines": [ 112.329525, 110.198041, 110.464814, 109.655823 ] }, { "date": "2025-05-09", "close": 118.591716, "volume": 219845, "typical_volume": 297586.35, "trend": 108.711336, "fair_value": 81.652109, "relative_strength": 18.876464, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.902289, "energy": 46.814358, "activity_lines": [ 115.606835, 111.677188, 111.353112, 110.343886 ] }, { "date": "2025-05-16", "close": 121.25914, "volume": 327219, "typical_volume": 308374.25, "trend": 109.414472, "fair_value": 81.9408, "relative_strength": 14.847016, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.477355, "energy": 69.029045, "activity_lines": [ 118.498191, 113.632821, 112.428186, 111.153422 ] }, { "date": "2025-05-23", "close": 120.6565, "volume": 383947, "typical_volume": 320530.2, "trend": 110.168293, "fair_value": 82.217477, "relative_strength": 16.535025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.604886, "energy": 72.65666, "activity_lines": [ 119.833879, 115.352187, 113.359329, 111.878714 ] }, { "date": "2025-05-30", "close": 121.160347, "volume": 212876, "typical_volume": 321665.2, "trend": 110.897952, "fair_value": 82.500224, "relative_strength": 14.310113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.447354, "energy": 70.128473, "activity_lines": [ 120.592614, 116.986591, 114.252866, 112.587879 ] }, { "date": "2025-06-06", "close": 116.90572, "volume": 324236, "typical_volume": 324929.4, "trend": 111.15846, "fair_value": 82.790467, "relative_strength": 7.936197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.79231, "energy": 51.673022, "activity_lines": [ 119.483299, 117.637445, 114.636787, 112.975477 ] }, { "date": "2025-06-13", "close": 116.073651, "volume": 293281, "typical_volume": 329739.45, "trend": 111.363053, "fair_value": 83.078401, "relative_strength": 6.952743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.730165, "energy": 34.752101, "activity_lines": [ 118.269621, 117.971339, 114.885934, 113.292586 ] }, { "date": "2025-06-20", "close": 115.637805, "volume": 497183, "typical_volume": 343419.6, "trend": 111.52068, "fair_value": 83.361133, "relative_strength": 6.132765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.694427, "energy": 23.928293, "activity_lines": [ 117.078532, 117.924018, 115.054628, 113.568377 ] }, { "date": "2025-06-27", "close": 123.849535, "volume": 351272, "typical_volume": 347849.4, "trend": 111.998887, "fair_value": 83.705027, "relative_strength": 9.282895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.199039, "energy": 30.576736, "activity_lines": [ 118.999442, 119.102457, 115.980911, 114.363787 ] }, { "date": "2025-07-04", "close": 130.288166, "volume": 316646, "typical_volume": 348987.1, "trend": 112.674362, "fair_value": 84.091985, "relative_strength": 12.282933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.736101, "energy": 56.62622, "activity_lines": [ 122.853694, 121.190345, 117.480838, 115.54374 ] }, { "date": "2025-07-11", "close": 127.22734, "volume": 642589, "typical_volume": 371367.5, "trend": 113.231385, "fair_value": 84.458705, "relative_strength": 9.380684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.177362, "energy": 72.833942, "activity_lines": [ 125.079149, 122.433076, 118.624813, 116.482642 ] }, { "date": "2025-07-18", "close": 138.915931, "volume": 977082, "typical_volume": 407255.05, "trend": 114.379714, "fair_value": 84.863175, "relative_strength": 18.122706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.681567, "energy": 90.169663, "activity_lines": [ 130.512693, 125.66052, 120.825311, 118.139709 ] }, { "date": "2025-07-25", "close": 132.308905, "volume": 396307, "typical_volume": 410975.4, "trend": 115.353796, "fair_value": 85.217387, "relative_strength": 10.610665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.156532, "energy": 83.687588, "activity_lines": [ 132.221076, 127.317155, 122.29756, 119.296431 ] }, { "date": "2025-08-01", "close": 124.770755, "volume": 345830, "typical_volume": 413604.6, "trend": 116.090074, "fair_value": 85.522722, "relative_strength": 6.601208, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.480503, "energy": 70.238882, "activity_lines": [ 130.305336, 127.402312, 122.96609, 119.903977 ] }, { "date": "2025-08-08", "close": 125.166978, "volume": 282113, "typical_volume": 369664.95, "trend": 116.954526, "fair_value": 85.804907, "relative_strength": 3.98417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.375673, "energy": 47.526985, "activity_lines": [ 128.460255, 127.484705, 123.60652, 120.489584 ] }, { "date": "2025-08-15", "close": 128.029692, "volume": 404038, "typical_volume": 376311.5, "trend": 117.714031, "fair_value": 86.104084, "relative_strength": 4.958541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.798492, "energy": 31.077954, "activity_lines": [ 127.910825, 128.014744, 124.445514, 121.204111 ] }, { "date": "2025-08-22", "close": 134.904169, "volume": 336455, "typical_volume": 376370.9, "trend": 118.614324, "fair_value": 86.488704, "relative_strength": 9.882146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.299455, "energy": 39.423175, "activity_lines": [ 129.599397, 129.592434, 125.842858, 122.313152 ] }, { "date": "2025-08-29", "close": 136.984342, "volume": 275452, "typical_volume": 366237.8, "trend": 119.497238, "fair_value": 86.900862, "relative_strength": 11.179732, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.24208, "energy": 47.753451, "activity_lines": [ 132.248812, 131.205963, 127.269558, 123.498314 ] }, { "date": "2025-09-05", "close": 134.992111, "volume": 159094, "typical_volume": 363014.5, "trend": 120.145563, "fair_value": 87.293704, "relative_strength": 8.8048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.909895, "energy": 53.903989, "activity_lines": [ 133.922453, 132.069151, 128.334868, 124.497983 ] }, { "date": "2025-09-12", "close": 133.671579, "volume": 234723, "typical_volume": 361699.95, "trend": 120.709467, "fair_value": 87.690061, "relative_strength": 5.725751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.593194, "energy": 59.862614, "activity_lines": [ 134.474493, 132.489649, 129.152941, 125.37063 ] }, { "date": "2025-09-19", "close": 132.678698, "volume": 439317, "typical_volume": 370975.25, "trend": 121.287905, "fair_value": 88.089194, "relative_strength": 3.353121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.10618, "energy": 46.486946, "activity_lines": [ 134.128599, 132.668107, 129.784746, 126.142838 ] }, { "date": "2025-09-26", "close": 133.214854, "volume": 360987, "typical_volume": 378032.35, "trend": 121.790927, "fair_value": 88.508128, "relative_strength": 3.685239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.023224, "energy": 36.644776, "activity_lines": [ 133.651491, 132.844932, 130.40486, 126.912319 ] }, { "date": "2025-10-03", "close": 132.619125, "volume": 361913, "typical_volume": 379767.05, "trend": 122.401869, "fair_value": 88.918365, "relative_strength": 1.706226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.283719, "energy": 30.914731, "activity_lines": [ 133.088427, 133.017098, 130.898605, 127.610912 ] }, { "date": "2025-10-10", "close": 127.674578, "volume": 337602, "typical_volume": 377449.8, "trend": 122.959518, "fair_value": 89.280788, "relative_strength": 0.050232, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.978713, "energy": 17.326425, "activity_lines": [ 131.168195, 132.284616, 130.867344, 127.951087 ] }, { "date": "2025-10-17", "close": 124.110135, "volume": 464546, "typical_volume": 390033.3, "trend": 123.44281, "fair_value": 89.611531, "relative_strength": -4.533151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.589677, "energy": 12.242267, "activity_lines": [ 128.547651, 130.851257, 130.463194, 128.02532 ] }, { "date": "2025-10-24", "close": 123.385331, "volume": 754784, "typical_volume": 411560.7, "trend": 123.962535, "fair_value": 89.929415, "relative_strength": -6.991753, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.853017, "energy": 15.176326, "activity_lines": [ 126.322936, 129.30533, 129.975968, 128.021612 ] }, { "date": "2025-10-31", "close": 117.29897, "volume": 868020, "typical_volume": 440297.65, "trend": 124.55699, "fair_value": 90.19797, "relative_strength": -12.169, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.50738, "energy": 35.077756, "activity_lines": [ 122.688991, 126.737235, 128.878233, 127.591705 ] }, { "date": "2025-11-07", "close": 122.650599, "volume": 715899, "typical_volume": 451233.45, "trend": 125.280766, "fair_value": 90.485947, "relative_strength": -6.627561, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.056092, "energy": 37.94498, "activity_lines": [ 121.899981, 125.462258, 128.284343, 127.468712 ] }, { "date": "2025-11-14", "close": 123.81227, "volume": 569003, "typical_volume": 462120.0, "trend": 125.75841, "fair_value": 90.79119, "relative_strength": -5.825198, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.45934, "energy": 39.803547, "activity_lines": [ 122.162764, 124.659107, 127.767693, 127.37397 ] }, { "date": "2025-11-21", "close": 120.793912, "volume": 784396, "typical_volume": 485507.5, "trend": 125.971116, "fair_value": 91.064239, "relative_strength": -6.274617, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.078634, "energy": 38.535467, "activity_lines": [ 121.676914, 123.510434, 126.963759, 127.05368 ] }, { "date": "2025-11-28", "close": 125.083158, "volume": 421389, "typical_volume": 474447.5, "trend": 126.1572, "fair_value": 91.359844, "relative_strength": -6.397805, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.411372, "energy": 18.664093, "activity_lines": [ 122.841894, 123.375764, 126.613534, 126.996392 ] }, { "date": "2025-12-05", "close": 128.766747, "volume": 506349, "typical_volume": 450910.85, "trend": 126.496368, "fair_value": 91.692153, "relative_strength": -4.00778, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.585544, "energy": 4.178203, "activity_lines": [ 125.121549, 124.048937, 126.624338, 127.16475 ] }, { "date": "2025-12-12", "close": 129.980835, "volume": 519919, "typical_volume": 457091.45, "trend": 126.787091, "fair_value": 92.042372, "relative_strength": -2.597086, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.486266, "energy": 9.529502, "activity_lines": [ 127.041382, 125.023728, 126.799099, 127.389554 ] }, { "date": "2025-12-19", "close": 127.880678, "volume": 1014667, "typical_volume": 490533.3, "trend": 127.027897, "fair_value": 92.362332, "relative_strength": -4.371811, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.786692, "energy": 12.0406, "activity_lines": [ 127.77248, 125.664642, 126.784931, 127.460108 ] }, { "date": "2025-12-26", "close": 123.083161, "volume": 444366, "typical_volume": 498645.95, "trend": 127.091991, "fair_value": 92.658578, "relative_strength": -9.282172, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.624339, "energy": 8.832108, "activity_lines": [ 126.633178, 125.429532, 126.299048, 127.205609 ] }, { "date": "2026-01-02", "close": 119.927949, "volume": 428330, "typical_volume": 499860.55, "trend": 127.192732, "fair_value": 92.937378, "relative_strength": -10.684334, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.299556, "energy": 22.248164, "activity_lines": [ 124.289523, 124.63942, 125.522591, 126.743413 ] }, { "date": "2026-01-09", "close": 123.003535, "volume": 734819, "typical_volume": 519778.75, "trend": 127.423728, "fair_value": 93.229964, "relative_strength": -9.870104, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.06716, "energy": 29.380638, "activity_lines": [ 123.314743, 124.471367, 125.077626, 126.473142 ] }, { "date": "2026-01-16", "close": 130.846777, "volume": 897734, "typical_volume": 550892.85, "trend": 127.930694, "fair_value": 93.626987, "relative_strength": -3.892333, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.340241, "energy": 12.328044, "activity_lines": [ 125.338591, 125.625638, 125.436307, 126.693984 ] }, { "date": "2026-01-23", "close": 140.620969, "volume": 1087341, "typical_volume": 597305.2, "trend": 128.489742, "fair_value": 94.088024, "relative_strength": 3.403716, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.690562, "energy": 31.011276, "activity_lines": [ 130.562774, 128.408014, 126.75509, 127.512711 ] }, { "date": "2026-01-30", "close": 145.299045, "volume": 689122, "typical_volume": 620025.15, "trend": 128.990104, "fair_value": 94.552494, "relative_strength": 6.169936, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.822399, "energy": 60.185594, "activity_lines": [ 136.496963, 131.735336, 128.4926, 128.597183 ] }, { "date": "2026-02-06", "close": 151.539797, "volume": 625552, "typical_volume": 629336.9, "trend": 129.80052, "fair_value": 95.068084, "relative_strength": 10.679067, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 83.611453, "energy": 86.771687, "activity_lines": [ 143.030344, 135.751793, 130.769098, 130.052001 ] }, { "date": "2026-02-13", "close": 154.466083, "volume": 986244, "typical_volume": 660599.75, "trend": 130.318858, "fair_value": 95.590638, "relative_strength": 13.92128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.674309, "energy": 91.564735, "activity_lines": [ 148.431697, 139.819272, 133.234475, 131.643328 ] }, { "date": "2026-02-20", "close": 160.617255, "volume": 1560662, "typical_volume": 720537.2, "trend": 131.26247, "fair_value": 96.161947, "relative_strength": 16.703935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.858363, "energy": 94.533498, "activity_lines": [ 153.785937, 144.537885, 136.184482, 133.598063 ] }, { "date": "2026-02-27", "close": 152.047418, "volume": 1327865, "typical_volume": 770050.35, "trend": 132.171692, "fair_value": 96.667452, "relative_strength": 10.812108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.605914, "energy": 87.038157, "activity_lines": [ 154.298867, 147.14132, 138.18499, 134.939028 ] }, { "date": "2026-03-06", "close": 147.64164, "volume": 996320, "typical_volume": 796639.05, "trend": 132.920847, "fair_value": 97.189426, "relative_strength": 9.581039, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.753342, "energy": 66.730888, "activity_lines": [ 152.58144, 148.504309, 139.649838, 135.937089 ] }, { "date": "2026-03-13", "close": 148.818544, "volume": 1037928, "typical_volume": 810796.25, "trend": 133.613809, "fair_value": 97.74198, "relative_strength": 11.866054, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.887667, "energy": 51.344042, "activity_lines": [ 151.100142, 149.634763, 141.114718, 136.962747 ] }, { "date": "2026-03-20", "close": 139.303572, "volume": 1267334, "typical_volume": 830761.95, "trend": 133.760456, "fair_value": 98.237307, "relative_strength": 6.448394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.679926, "energy": 29.109189, "activity_lines": [ 146.628603, 148.509939, 141.552299, 137.329828 ] }, { "date": "2026-03-27", "close": 143.841635, "volume": 842200, "typical_volume": 837077.0, "trend": 133.989032, "fair_value": 98.769999, "relative_strength": 12.098922, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.778091, "energy": 22.540041, "activity_lines": [ 144.680586, 147.913853, 142.317293, 137.980227 ] }, { "date": "2026-04-03", "close": 148.509357, "volume": 640917, "typical_volume": 840672.7, "trend": 134.439607, "fair_value": 99.330019, "relative_strength": 11.610121, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.533442, "energy": 21.367583, "activity_lines": [ 145.406851, 147.930173, 143.425923, 138.917022 ] }, { "date": "2026-04-10", "close": 156.229051, "volume": 690111, "typical_volume": 835958.45, "trend": 135.191523, "fair_value": 99.953172, "relative_strength": 12.914043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.745628, "energy": 29.792707, "activity_lines": [ 148.942218, 149.206649, 145.152156, 140.322793 ] }, { "date": "2026-04-17", "close": 157.854775, "volume": 962911, "typical_volume": 863034.55, "trend": 136.030725, "fair_value": 100.611881, "relative_strength": 9.03732, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.444306, "energy": 44.359849, "activity_lines": [ 152.446999, 150.579983, 146.864481, 141.784938 ] }, { "date": "2026-04-24", "close": 145.128251, "volume": 1081403, "typical_volume": 891787.25, "trend": 136.427838, "fair_value": 101.188269, "relative_strength": -0.222206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.256319, "energy": 38.551442, "activity_lines": [ 151.10719, 149.524586, 147.208701, 142.371875 ] }, { "date": "2026-05-01", "close": 146.155549, "volume": 692312, "typical_volume": 900406.9, "trend": 136.879053, "fair_value": 101.774083, "relative_strength": -0.353179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.057293, "energy": 33.127007, "activity_lines": [ 149.721502, 148.82575, 147.572847, 142.999469 ] }, { "date": "2026-05-08", "close": 146.674185, "volume": 562289, "typical_volume": 877788.0, "trend": 137.512373, "fair_value": 102.375881, "relative_strength": -2.173554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.305593, "energy": 20.876797, "activity_lines": [ 148.354432, 148.484151, 147.909364, 143.631413 ] }, { "date": "2026-05-15", "close": 136.820105, "volume": 781489, "typical_volume": 894644.15, "trend": 137.936038, "fair_value": 102.880114, "relative_strength": -8.753243, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.786462, "energy": 10.85495, "activity_lines": [ 143.825013, 146.448596, 147.217905, 143.586751 ] }, { "date": "2026-05-22", "close": 141.318273, "volume": 761690, "typical_volume": 911312.15, "trend": 138.533803, "fair_value": 103.388047, "relative_strength": -6.382902, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.76996, "energy": 15.681671, "activity_lines": [ 142.088913, 145.427645, 146.889429, 143.80496 ] }, { "date": "2026-05-29", "close": 139.901998, "volume": 594100, "typical_volume": 904276.2, "trend": 139.287237, "fair_value": 103.861489, "relative_strength": -8.449242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.123252, "energy": 15.523413, "activity_lines": [ 140.983154, 144.285559, 146.32421, 143.89323 ] }, { "date": "2026-06-05", "close": 137.28, "volume": 899867, "typical_volume": 904382.85, "trend": 139.774884, "fair_value": 104.294499, "relative_strength": -7.760728, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.065338, "energy": 33.121599, "activity_lines": [ 139.351814, 142.655864, 145.428809, 143.763731 ] }, { "date": "2026-06-12", "close": 148.55, "volume": 1734133, "typical_volume": 936722.45, "trend": 140.599475, "fair_value": 104.793863, "relative_strength": -0.787651, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.916871, "energy": 14.034482, "activity_lines": [ 142.068843, 143.194564, 145.576107, 144.329868 ] }, { "date": "2026-06-19", "close": 146.85, "volume": 4301658, "typical_volume": 1117349.25, "trend": 141.468011, "fair_value": 105.313951, "relative_strength": -2.825381, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.986841, "energy": 11.148681, "activity_lines": [ 144.094151, 143.423433, 145.523742, 144.733127 ] }, { "date": "2026-06-26", "close": 163.25, "volume": 2112457, "typical_volume": 1191694.5, "trend": 142.740239, "fair_value": 105.939354, "relative_strength": 10.444183, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.466007, "energy": 36.193699, "activity_lines": [ 150.917467, 146.804649, 147.025897, 146.138417 ] }, { "date": "2026-07-03", "close": 166.72, "volume": 1087071, "typical_volume": 1196735.85, "trend": 144.005348, "fair_value": 106.585326, "relative_strength": 10.262421, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 76.007833, "energy": 66.837904, "activity_lines": [ 157.435333, 150.718678, 148.802765, 147.685498 ] }, { "date": "2026-07-10", "close": 164.08, "volume": 1240811, "typical_volume": 1180743.3, "trend": 145.141987, "fair_value": 107.195216, "relative_strength": 6.942451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.037897, "energy": 75.241927, "activity_lines": [ 161.285333, 153.760131, 150.269853, 148.980637 ] }, { "date": "2026-07-17", "close": 169.77, "volume": 1002059, "typical_volume": 1164453.0, "trend": 146.538297, "fair_value": 107.798424, "relative_strength": 12.337855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.251458, "energy": 82.145564, "activity_lines": [ 165.245333, 157.51023, 152.262356, 150.569541 ] }, { "date": "2026-07-24", "close": 169.64, "volume": 1246107, "typical_volume": 1176942.35, "trend": 148.090192, "fair_value": 108.3711, "relative_strength": 12.705163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.991952, "energy": 81.337742, "activity_lines": [ 167.747333, 160.816769, 154.158085, 152.059974 ] }, { "date": "2026-07-31", "close": 170.92, "volume": 910207, "typical_volume": 1170556.3, "trend": 149.789927, "fair_value": 108.947268, "relative_strength": 12.050361, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.379739, "energy": 78.235812, "activity_lines": [ 169.156667, 163.759309, 156.070964, 153.532864 ] }, { "date": "2026-08-07", "close": 172.54, "volume": 837427, "typical_volume": 1149060.95, "trend": 151.441143, "fair_value": 109.543866, "relative_strength": 9.023669, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.657032, "energy": 73.525403, "activity_lines": [ 170.594667, 166.458182, 158.032884, 155.000611 ] } ], "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." } } }