{ "ticker": { "uuid": "910e13a8-ea42-4a43-856a-9d2e9cd216dd", "symbol": "CPT", "name": "Camden Property Trust", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 90.337, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 39.708, "architecture_energy": 26.08, "architecture_maturity": 37.751, "architecture_confidence": 79.508, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 37.01, "rotation_up": 30.53, "upward_expansion": 60.41, "deceleration": 90.06, "rotation_down": 25.31, "downward_expansion": 15.08 }, "activity_lines": [ 112.198667, 112.828912, 110.395402, 108.381707 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 111.93, "trend_reference": 106.74636, "distance_from_trend": 0.04856, "trend_direction": "Improving", "fair_value": 103.24541, "distance_from_fair_value": 0.084116, "fair_value_direction": "Improving", "relative_strength": -5.49123, "relative_strength_direction": "Improving", "price_momentum": 0.061098, "excess_performance": -0.064527, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.04856, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.027622, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.084116, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.077508, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.054912, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.079835, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.061098, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.511417, "read": "Demand-led" } ], "volume": { "latest": 4357753, "relative_activity": 0.781448, "balance": 1.511417, "dry_up": 0.945146, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.047341, "annualized_volatility": 0.21853, "from_high_reference": -0.065771, "from_low_reference": 0.175744 }, "levels": { "trend_reference": 106.74636, "fair_value_reference": 103.24541, "structural_low": 95.493515, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.002347, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.024771, "regime_survival": 0.625, "best_return": 0.073565, "worst_return": -0.170168, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.003603, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.080424, "regime_survival": 0.0, "best_return": 0.004104, "worst_return": -0.058943, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.075578, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": 0.001776, "regime_survival": 0.0, "best_return": -0.053561, "worst_return": -0.097594, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.164804, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.206371, "regime_survival": 0.0, "best_return": -0.120233, "worst_return": -0.209376, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.041908, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": 0.006667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.016753, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.060263, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-08-01", "tenure": "Established", "return": -0.085044, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2025-12-19", "tenure": "Established", "return": 0.036678, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-02", "tenure": "New", "return": 0.008329, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-02-13", "tenure": "Developing", "return": -0.002482, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.091791, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.060792, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": 0.078028, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": -0.052096, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-07-31", "tenure": "Developing", "return": -0.038467, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 95.53904, "volume": 3419670, "typical_volume": 3605671.7, "trend": 98.061173, "fair_value": 109.220714, "relative_strength": -12.340363, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.242005, "energy": 18.124483, "activity_lines": [ 97.043337, 97.842703, 97.669539, 97.273422 ] }, { "date": "2023-08-25", "close": 96.411748, "volume": 2376788, "typical_volume": 3602585.55, "trend": 97.694592, "fair_value": 109.3587, "relative_strength": -11.731654, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.605814, "energy": 22.32033, "activity_lines": [ 96.551501, 97.532351, 97.607345, 97.167008 ] }, { "date": "2023-09-01", "close": 96.033875, "volume": 2558298, "typical_volume": 3535661.4, "trend": 97.312767, "fair_value": 109.483143, "relative_strength": -13.780409, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.114525, "energy": 19.278567, "activity_lines": [ 96.277993, 97.233746, 97.493937, 97.059865 ] }, { "date": "2023-09-08", "close": 92.660003, "volume": 2669938, "typical_volume": 3490095.0, "trend": 96.786693, "fair_value": 109.604353, "relative_strength": -15.189818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -40.012389, "energy": 42.045951, "activity_lines": [ 94.986025, 96.291516, 97.041027, 96.759686 ] }, { "date": "2023-09-15", "close": 92.552039, "volume": 3527189, "typical_volume": 3499034.8, "trend": 96.338545, "fair_value": 109.728719, "relative_strength": -14.603013, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.121261, "energy": 44.398677, "activity_lines": [ 93.990958, 95.425842, 96.58994, 96.486483 ] }, { "date": "2023-09-22", "close": 88.12552, "volume": 2600732, "typical_volume": 3429315.65, "trend": 95.849388, "fair_value": 109.817488, "relative_strength": -15.658293, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.857565, "energy": 65.880279, "activity_lines": [ 91.819684, 93.852023, 95.74374, 95.95661 ] }, { "date": "2023-09-29", "close": 85.992853, "volume": 3257967, "typical_volume": 3438078.3, "trend": 95.29797, "fair_value": 109.86423, "relative_strength": -16.495856, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.006051, "energy": 76.163253, "activity_lines": [ 89.431756, 92.11946, 94.743241, 95.320705 ] }, { "date": "2023-10-06", "close": 87.092994, "volume": 3782172, "typical_volume": 3446524.25, "trend": 95.05458, "fair_value": 109.910151, "relative_strength": -15.330569, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.334248, "energy": 84.112137, "activity_lines": [ 88.105135, 90.870254, 93.907121, 94.791352 ] }, { "date": "2023-10-13", "close": 87.711256, "volume": 3557910, "typical_volume": 3449084.75, "trend": 94.984547, "fair_value": 109.982058, "relative_strength": -14.622695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.753252, "energy": 82.326718, "activity_lines": [ 87.58066, 89.924974, 93.167268, 94.317589 ] }, { "date": "2023-10-20", "close": 84.419924, "volume": 4564712, "typical_volume": 3483860.3, "trend": 94.858661, "fair_value": 110.031749, "relative_strength": -15.334326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.247016, "energy": 86.14436, "activity_lines": [ 86.28899, 88.562036, 92.137443, 93.636 ] }, { "date": "2023-10-27", "close": 76.355253, "volume": 7257696, "typical_volume": 3643364.6, "trend": 94.288373, "fair_value": 110.030542, "relative_strength": -20.968155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.173579, "energy": 94.124702, "activity_lines": [ 82.851238, 85.962277, 90.394422, 92.442232 ] }, { "date": "2023-11-03", "close": 82.346931, "volume": 6333737, "typical_volume": 3776319.25, "trend": 93.926128, "fair_value": 110.04987, "relative_strength": -18.983243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.634432, "energy": 79.955863, "activity_lines": [ 82.195396, 84.800711, 89.339166, 91.671816 ] }, { "date": "2023-11-10", "close": 80.410319, "volume": 3708315, "typical_volume": 3770163.1, "trend": 93.532612, "fair_value": 110.031729, "relative_strength": -21.46867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.942573, "energy": 80.411692, "activity_lines": [ 81.137079, 83.542757, 88.187517, 90.799829 ] }, { "date": "2023-11-17", "close": 79.419282, "volume": 6480871, "typical_volume": 3868912.6, "trend": 93.006511, "fair_value": 110.01048, "relative_strength": -23.671661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.638475, "energy": 71.612628, "activity_lines": [ 80.193927, 82.388679, 87.007973, 89.889291 ] }, { "date": "2023-11-24", "close": 80.673989, "volume": 3490832, "typical_volume": 3953702.1, "trend": 92.425358, "fair_value": 110.0077, "relative_strength": -22.692526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.864448, "energy": 58.957648, "activity_lines": [ 80.22181, 81.70347, 86.036168, 89.093645 ] }, { "date": "2023-12-01", "close": 84.210806, "volume": 6693918, "typical_volume": 4163647.35, "trend": 91.953184, "fair_value": 110.011634, "relative_strength": -19.439368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.702345, "energy": 48.851762, "activity_lines": [ 81.67836, 81.877284, 85.483085, 88.563673 ] }, { "date": "2023-12-08", "close": 85.14729, "volume": 4527760, "typical_volume": 4247360.6, "trend": 91.507769, "fair_value": 110.046997, "relative_strength": -18.203479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.167858, "energy": 35.674414, "activity_lines": [ 82.923368, 82.292544, 85.097813, 88.124584 ] }, { "date": "2023-12-15", "close": 90.851496, "volume": 6272124, "typical_volume": 4348042.5, "trend": 91.37136, "fair_value": 110.111819, "relative_strength": -14.267878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.564857, "energy": 19.718333, "activity_lines": [ 85.883088, 83.760306, 85.33403, 88.082243 ] }, { "date": "2023-12-22", "close": 89.786436, "volume": 6501559, "typical_volume": 4367500.9, "trend": 91.276117, "fair_value": 110.157904, "relative_strength": -15.534695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.19645, "energy": 22.475728, "activity_lines": [ 87.791709, 84.966084, 85.501074, 87.97999 ] }, { "date": "2023-12-29", "close": 91.163669, "volume": 3019982, "typical_volume": 4330108.5, "trend": 91.116831, "fair_value": 110.206272, "relative_strength": -14.019488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.482544, "energy": 24.299881, "activity_lines": [ 89.468264, 86.384538, 85.836744, 87.972735 ] }, { "date": "2024-01-05", "close": 90.153698, "volume": 3454621, "typical_volume": 4331856.05, "trend": 90.756874, "fair_value": 110.264958, "relative_strength": -13.099753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.810167, "energy": 24.663851, "activity_lines": [ 90.10885, 87.496747, 86.104217, 87.910598 ] }, { "date": "2024-01-12", "close": 91.099398, "volume": 4209950, "typical_volume": 4423514.15, "trend": 90.432303, "fair_value": 110.309374, "relative_strength": -13.243368, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.4607, "energy": 30.026845, "activity_lines": [ 90.668477, 88.530021, 86.4874, 87.932696 ] }, { "date": "2024-01-19", "close": 90.658684, "volume": 5314563, "typical_volume": 4561327.4, "trend": 90.308485, "fair_value": 110.340397, "relative_strength": -14.154266, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.827228, "energy": 33.256882, "activity_lines": [ 90.684392, 89.32403, 86.853908, 87.947301 ] }, { "date": "2024-01-26", "close": 87.913398, "volume": 4745769, "typical_volume": 4665118.95, "trend": 89.973923, "fair_value": 110.355968, "relative_strength": -16.959117, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -1.44919, "energy": 12.997418, "activity_lines": [ 89.798066, 89.432561, 86.984556, 87.79278 ] }, { "date": "2024-02-02", "close": 88.666286, "volume": 11010870, "typical_volume": 5039303.0, "trend": 89.667158, "fair_value": 110.378243, "relative_strength": -16.795304, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.883438, "energy": 13.264046, "activity_lines": [ 89.287571, 89.523543, 87.209511, 87.708416 ] }, { "date": "2024-02-09", "close": 85.810822, "volume": 5777958, "typical_volume": 5198164.3, "trend": 89.170141, "fair_value": 110.356786, "relative_strength": -19.870438, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.304888, "energy": 17.840296, "activity_lines": [ 87.991748, 88.950035, 87.18102, 87.45962 ] }, { "date": "2024-02-16", "close": 88.289842, "volume": 5097043, "typical_volume": 5290118.1, "trend": 88.727269, "fair_value": 110.358113, "relative_strength": -16.619976, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.107193, "energy": 11.564268, "activity_lines": [ 87.811789, 88.798166, 87.399649, 87.402827 ] }, { "date": "2024-02-23", "close": 87.087058, "volume": 3324340, "typical_volume": 5267226.5, "trend": 88.375959, "fair_value": 110.356994, "relative_strength": -18.4269, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.613916, "energy": 16.067967, "activity_lines": [ 87.418206, 88.370473, 87.492789, 87.297007 ] }, { "date": "2024-03-01", "close": 87.959306, "volume": 5106750, "typical_volume": 5344668.5, "trend": 88.052825, "fair_value": 110.369308, "relative_strength": -17.765771, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.606851, "energy": 8.669849, "activity_lines": [ 87.553481, 88.169814, 87.669029, 87.270126 ] }, { "date": "2024-03-08", "close": 92.889802, "volume": 7747254, "typical_volume": 5503795.6, "trend": 87.914434, "fair_value": 110.392173, "relative_strength": -12.424828, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.112736, "energy": 18.531402, "activity_lines": [ 89.329194, 88.89883, 88.313658, 87.582189 ] }, { "date": "2024-03-15", "close": 90.429145, "volume": 6052603, "typical_volume": 5443540.95, "trend": 87.744104, "fair_value": 110.397063, "relative_strength": -14.249181, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.652373, "energy": 37.722924, "activity_lines": [ 90.003121, 89.149069, 88.683606, 87.744428 ] }, { "date": "2024-03-22", "close": 90.181243, "volume": 4941533, "typical_volume": 5373930.75, "trend": 87.536421, "fair_value": 110.367979, "relative_strength": -15.936523, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.802187, "energy": 43.688776, "activity_lines": [ 90.286525, 89.349227, 88.962926, 87.901663 ] }, { "date": "2024-03-29", "close": 91.30428, "volume": 4648800, "typical_volume": 5420955.0, "trend": 87.378767, "fair_value": 110.351241, "relative_strength": -14.737668, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.425277, "energy": 50.517606, "activity_lines": [ 90.818181, 89.770267, 89.311896, 88.144751 ] }, { "date": "2024-04-05", "close": 89.652638, "volume": 3782878, "typical_volume": 5286055.35, "trend": 87.278522, "fair_value": 110.318127, "relative_strength": -15.066469, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.752135, "energy": 34.54461, "activity_lines": [ 90.518142, 89.879271, 89.45169, 88.291452 ] }, { "date": "2024-04-12", "close": 90.877451, "volume": 6760665, "typical_volume": 5449547.0, "trend": 87.222702, "fair_value": 110.272735, "relative_strength": -12.222946, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.618982, "energy": 26.937623, "activity_lines": [ 90.513485, 90.179345, 89.659403, 88.523641 ] }, { "date": "2024-04-19", "close": 89.346434, "volume": 3221355, "typical_volume": 5275918.85, "trend": 87.263399, "fair_value": 110.203136, "relative_strength": -10.509638, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.543949, "energy": 19.280072, "activity_lines": [ 90.132646, 90.16085, 89.672717, 88.660656 ] }, { "date": "2024-04-26", "close": 92.436305, "volume": 3915691, "typical_volume": 5245315.4, "trend": 87.478181, "fair_value": 110.143767, "relative_strength": -9.304182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.293585, "energy": 27.089918, "activity_lines": [ 90.853945, 90.639865, 89.955849, 88.994392 ] }, { "date": "2024-05-03", "close": 97.502579, "volume": 6154310, "typical_volume": 5239424.7, "trend": 87.825167, "fair_value": 110.104915, "relative_strength": -4.431108, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.605758, "energy": 53.59303, "activity_lines": [ 93.113664, 91.964631, 90.686774, 89.641127 ] }, { "date": "2024-05-10", "close": 98.950086, "volume": 4739538, "typical_volume": 5151323.65, "trend": 88.199795, "fair_value": 110.077615, "relative_strength": -4.303281, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.130615, "energy": 70.595264, "activity_lines": [ 95.442665, 93.363207, 91.523885, 90.358864 ] }, { "date": "2024-05-17", "close": 98.820181, "volume": 3742498, "typical_volume": 5187449.45, "trend": 88.679804, "fair_value": 110.04602, "relative_strength": -5.585643, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.777178, "energy": 78.462152, "activity_lines": [ 97.108535, 94.538332, 92.304987, 91.04405 ] }, { "date": "2024-05-24", "close": 96.129303, "volume": 4313192, "typical_volume": 5230378.0, "trend": 89.338939, "fair_value": 109.98381, "relative_strength": -7.77609, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.765232, "energy": 73.239132, "activity_lines": [ 97.347931, 95.11638, 92.793356, 91.524663 ] }, { "date": "2024-05-31", "close": 95.247809, "volume": 4008488, "typical_volume": 5220304.9, "trend": 89.768968, "fair_value": 109.895387, "relative_strength": -7.84124, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.095162, "energy": 59.211886, "activity_lines": [ 96.841303, 95.430518, 93.169317, 91.90588 ] }, { "date": "2024-06-07", "close": 98.99648, "volume": 3742414, "typical_volume": 5141697.45, "trend": 90.388507, "fair_value": 109.798097, "relative_strength": -4.911891, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.2527, "energy": 49.690064, "activity_lines": [ 97.3968, 96.334114, 93.882541, 92.501204 ] }, { "date": "2024-06-14", "close": 100.249131, "volume": 3387284, "typical_volume": 5073773.2, "trend": 91.082835, "fair_value": 109.723175, "relative_strength": -4.821039, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.626585, "energy": 49.284237, "activity_lines": [ 98.270253, 97.325605, 94.675361, 93.137373 ] }, { "date": "2024-06-21", "close": 101.789426, "volume": 3437251, "typical_volume": 4695092.25, "trend": 91.786683, "fair_value": 109.644004, "relative_strength": -3.652563, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.397309, "energy": 55.828337, "activity_lines": [ 99.570534, 98.404487, 95.556134, 93.828121 ] }, { "date": "2024-06-28", "close": 102.197698, "volume": 3746327, "typical_volume": 4593510.7, "trend": 92.386246, "fair_value": 109.568307, "relative_strength": -2.865216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.790947, "energy": 71.439199, "activity_lines": [ 100.808957, 99.359201, 96.413299, 94.499799 ] }, { "date": "2024-07-05", "close": 100.895756, "volume": 2073616, "typical_volume": 4442339.35, "trend": 92.911195, "fair_value": 109.446424, "relative_strength": -5.486927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.691864, "energy": 66.87905, "activity_lines": [ 101.208839, 99.843538, 97.068437, 95.0488 ] }, { "date": "2024-07-12", "close": 101.766839, "volume": 3315445, "typical_volume": 4441894.6, "trend": 93.275039, "fair_value": 109.314664, "relative_strength": -5.149484, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.376579, "energy": 65.562002, "activity_lines": [ 101.522553, 100.332446, 97.746506, 95.620132 ] }, { "date": "2024-07-19", "close": 105.513433, "volume": 3487732, "typical_volume": 4360943.7, "trend": 93.799273, "fair_value": 109.189443, "relative_strength": 0.672676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.0658, "energy": 67.822358, "activity_lines": [ 102.900441, 101.425021, 98.711491, 96.409706 ] }, { "date": "2024-07-26", "close": 105.850626, "volume": 3611148, "typical_volume": 4154138.4, "trend": 94.288838, "fair_value": 109.054624, "relative_strength": 2.067147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.167634, "energy": 64.759402, "activity_lines": [ 104.039773, 102.45957, 99.624998, 97.187212 ] }, { "date": "2024-08-02", "close": 110.711831, "volume": 8128619, "typical_volume": 4257939.2, "trend": 94.974109, "fair_value": 108.959242, "relative_strength": 9.219392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.113908, "energy": 80.871418, "activity_lines": [ 106.528759, 104.250149, 100.939759, 98.24676 ] }, { "date": "2024-08-09", "close": 111.770243, "volume": 4198934, "typical_volume": 4220809.25, "trend": 95.663137, "fair_value": 108.880826, "relative_strength": 10.368898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.56814, "energy": 86.928461, "activity_lines": [ 108.802941, 105.968029, 102.258737, 99.330382 ] }, { "date": "2024-08-16", "close": 112.060604, "volume": 3766649, "typical_volume": 4176701.7, "trend": 96.376534, "fair_value": 108.80046, "relative_strength": 6.613115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.007164, "energy": 87.628288, "activity_lines": [ 110.448945, 107.438294, 103.502563, 100.388283 ] }, { "date": "2024-08-23", "close": 114.833083, "volume": 2954530, "typical_volume": 4135284.3, "trend": 97.273857, "fair_value": 108.737539, "relative_strength": 7.92727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.266636, "energy": 89.820174, "activity_lines": [ 112.332857, 109.175116, 104.911596, 101.579028 ] }, { "date": "2024-08-30", "close": 117.268369, "volume": 3686263, "typical_volume": 3981564.2, "trend": 98.22726, "fair_value": 108.653861, "relative_strength": 10.00019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.450304, "energy": 90.9506, "activity_lines": [ 114.40722, 111.089555, 106.432653, 102.868996 ] }, { "date": "2024-09-06", "close": 114.430325, "volume": 5509031, "typical_volume": 4095948.0, "trend": 99.181244, "fair_value": 108.571644, "relative_strength": 11.96058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.162608, "energy": 76.673336, "activity_lines": [ 114.774387, 112.206551, 107.55775, 103.914355 ] }, { "date": "2024-09-13", "close": 117.643028, "volume": 8176569, "typical_volume": 4308991.9, "trend": 100.159683, "fair_value": 108.518079, "relative_strength": 10.687907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.525543, "energy": 71.760466, "activity_lines": [ 115.964554, 113.685263, 108.869371, 105.105438 ] }, { "date": "2024-09-20", "close": 117.277735, "volume": 8207208, "typical_volume": 4411636.8, "trend": 101.166039, "fair_value": 108.454551, "relative_strength": 8.810833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.983926, "energy": 66.043976, "activity_lines": [ 116.641439, 114.793063, 110.02617, 106.209829 ] }, { "date": "2024-09-27", "close": 115.872763, "volume": 4384788, "typical_volume": 4393899.3, "trend": 102.096488, "fair_value": 108.378657, "relative_strength": 6.913755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.86453, "energy": 59.167747, "activity_lines": [ 116.502191, 115.363396, 110.954995, 107.15865 ] }, { "date": "2024-10-04", "close": 114.147211, "volume": 3852699, "typical_volume": 4399409.35, "trend": 102.805068, "fair_value": 108.284749, "relative_strength": 5.111116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.661147, "energy": 51.913828, "activity_lines": [ 115.718446, 115.431642, 111.638898, 107.936116 ] }, { "date": "2024-10-11", "close": 112.683301, "volume": 3457810, "typical_volume": 4356640.25, "trend": 103.546873, "fair_value": 108.148062, "relative_strength": 2.702412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.631284, "energy": 39.207341, "activity_lines": [ 114.654809, 115.082875, 112.110395, 108.573421 ] }, { "date": "2024-10-18", "close": 114.033876, "volume": 4129478, "typical_volume": 4362689.75, "trend": 104.341961, "fair_value": 108.008318, "relative_strength": 3.127323, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.451708, "energy": 32.407173, "activity_lines": [ 114.157832, 114.943822, 112.631689, 109.250002 ] }, { "date": "2024-10-25", "close": 111.719953, "volume": 4502126, "typical_volume": 4400675.35, "trend": 105.022483, "fair_value": 107.831568, "relative_strength": 1.956519, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.122782, "energy": 22.495557, "activity_lines": [ 113.130157, 114.342899, 112.843153, 109.726001 ] }, { "date": "2024-11-01", "close": 107.413224, "volume": 6313183, "typical_volume": 4546970.3, "trend": 105.614503, "fair_value": 107.636628, "relative_strength": -0.561065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.459179, "energy": 17.857434, "activity_lines": [ 111.037425, 112.965128, 112.583863, 109.880243 ] }, { "date": "2024-11-08", "close": 114.978334, "volume": 4858258, "typical_volume": 4618020.65, "trend": 106.417866, "fair_value": 107.466805, "relative_strength": 1.536608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.328415, "energy": 21.386119, "activity_lines": [ 112.030365, 113.097738, 113.010946, 110.484361 ] }, { "date": "2024-11-15", "close": 113.117751, "volume": 4529305, "typical_volume": 4657169.55, "trend": 107.210243, "fair_value": 107.281771, "relative_strength": 1.864494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.98897, "energy": 13.370891, "activity_lines": [ 112.347703, 112.933698, 113.198026, 110.916611 ] }, { "date": "2024-11-22", "close": 116.073905, "volume": 2964200, "typical_volume": 4701698.75, "trend": 107.998163, "fair_value": 107.11169, "relative_strength": 2.653877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.140007, "energy": 22.944297, "activity_lines": [ 113.621462, 113.331004, 113.614644, 111.488461 ] }, { "date": "2024-11-29", "close": 118.812834, "volume": 2833249, "typical_volume": 4677588.95, "trend": 108.708505, "fair_value": 106.957524, "relative_strength": 3.730061, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.910387, "energy": 43.712392, "activity_lines": [ 115.672196, 114.254828, 114.219836, 112.186181 ] }, { "date": "2024-12-06", "close": 115.129447, "volume": 2706454, "typical_volume": 4638525.05, "trend": 109.247817, "fair_value": 106.744654, "relative_strength": -0.374592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.014687, "energy": 43.211607, "activity_lines": [ 116.022275, 114.481034, 114.393057, 112.600436 ] }, { "date": "2024-12-13", "close": 113.495535, "volume": 3852795, "typical_volume": 4650607.4, "trend": 109.736995, "fair_value": 106.528289, "relative_strength": -1.127633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.063603, "energy": 35.169493, "activity_lines": [ 115.313302, 114.423679, 114.364877, 112.874482 ] }, { "date": "2024-12-20", "close": 109.513865, "volume": 4635160, "typical_volume": 4475934.45, "trend": 110.183147, "fair_value": 106.276061, "relative_strength": -2.745628, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.317257, "energy": 6.702588, "activity_lines": [ 113.375959, 113.654234, 113.921087, 112.860087 ] }, { "date": "2024-12-27", "close": 109.818838, "volume": 1330213, "typical_volume": 4332498.4, "trend": 110.668848, "fair_value": 105.997241, "relative_strength": -3.012588, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.168434, "energy": 11.556693, "activity_lines": [ 111.780532, 112.997864, 113.512046, 112.836583 ] }, { "date": "2025-01-03", "close": 111.572432, "volume": 1949879, "typical_volume": 4241659.9, "trend": 111.088047, "fair_value": 105.79451, "relative_strength": -0.887858, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.463789, "energy": 17.122011, "activity_lines": [ 111.186642, 112.736966, 113.279306, 112.894878 ] }, { "date": "2025-01-10", "close": 104.033883, "volume": 4470722, "typical_volume": 4317469.5, "trend": 111.214205, "fair_value": 105.550605, "relative_strength": -5.62315, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.99836, "energy": 46.386737, "activity_lines": [ 108.562595, 111.108106, 112.330934, 112.439771 ] }, { "date": "2025-01-17", "close": 107.312342, "volume": 3710356, "typical_volume": 4318674.15, "trend": 111.398302, "fair_value": 105.371224, "relative_strength": -5.330052, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.662767, "energy": 49.395711, "activity_lines": [ 107.771072, 110.136771, 111.746221, 112.188038 ] }, { "date": "2025-01-24", "close": 105.444383, "volume": 3385685, "typical_volume": 4212506.85, "trend": 111.506525, "fair_value": 105.176293, "relative_strength": -8.481901, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.804542, "energy": 52.376679, "activity_lines": [ 106.769109, 108.965189, 111.031016, 111.803914 ] }, { "date": "2025-01-31", "close": 108.370217, "volume": 4097365, "typical_volume": 4008546.65, "trend": 111.755674, "fair_value": 104.95661, "relative_strength": -4.966008, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.360382, "energy": 58.720121, "activity_lines": [ 107.013723, 108.465093, 110.637253, 111.601572 ] }, { "date": "2025-02-07", "close": 113.564286, "volume": 5131181, "typical_volume": 3854745.3, "trend": 112.148922, "fair_value": 104.771873, "relative_strength": -0.395039, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -30.834011, "energy": 20.686371, "activity_lines": [ 109.086268, 109.04944, 110.782319, 111.718256 ] }, { "date": "2025-02-14", "close": 113.478513, "volume": 4995640, "typical_volume": 3885287.9, "trend": 112.414425, "fair_value": 104.608806, "relative_strength": -1.998579, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.021107, "energy": 13.956683, "activity_lines": [ 110.997431, 109.71362, 110.936899, 111.804037 ] }, { "date": "2025-02-21", "close": 114.260006, "volume": 3589760, "typical_volume": 3872140.95, "trend": 112.694737, "fair_value": 104.416703, "relative_strength": 0.111596, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.703907, "energy": 18.395344, "activity_lines": [ 112.53945, 110.549907, 111.177309, 111.923106 ] }, { "date": "2025-02-28", "close": 118.234184, "volume": 5440497, "typical_volume": 3971275.3, "trend": 112.945482, "fair_value": 104.226534, "relative_strength": 4.33131, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.843815, "energy": 32.41337, "activity_lines": [ 114.943018, 112.094872, 111.795674, 112.28049 ] }, { "date": "2025-03-07", "close": 115.78487, "volume": 5010947, "typical_volume": 4015348.75, "trend": 113.079303, "fair_value": 104.054767, "relative_strength": 5.226978, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.218709, "energy": 35.841546, "activity_lines": [ 115.677494, 113.035955, 112.154339, 112.463676 ] }, { "date": "2025-03-14", "close": 112.544533, "volume": 5103241, "typical_volume": 4045404.5, "trend": 113.095434, "fair_value": 103.870038, "relative_strength": 4.445096, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.647891, "energy": 25.065326, "activity_lines": [ 114.837548, 113.279414, 112.196062, 112.429175 ] }, { "date": "2025-03-21", "close": 113.611938, "volume": 4875848, "typical_volume": 3973537.75, "trend": 113.054729, "fair_value": 103.692151, "relative_strength": 4.626778, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.288257, "energy": 18.821863, "activity_lines": [ 114.421387, 113.699271, 112.335516, 112.462498 ] }, { "date": "2025-03-28", "close": 116.556833, "volume": 4229842, "typical_volume": 3942116.95, "trend": 113.031012, "fair_value": 103.490234, "relative_strength": 8.588145, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.280939, "energy": 19.653621, "activity_lines": [ 114.977963, 114.480418, 112.725919, 112.68844 ] }, { "date": "2025-04-04", "close": 106.147813, "volume": 6716079, "typical_volume": 4051455.65, "trend": 112.754928, "fair_value": 103.240342, "relative_strength": 8.373791, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.909444, "energy": 16.067891, "activity_lines": [ 111.911743, 113.200934, 112.11747, 112.244363 ] }, { "date": "2025-04-11", "close": 103.744756, "volume": 9210586, "typical_volume": 4363774.95, "trend": 112.291652, "fair_value": 102.994901, "relative_strength": 0.094426, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.472724, "energy": 33.535794, "activity_lines": [ 108.850263, 111.47174, 111.313348, 111.663061 ] }, { "date": "2025-04-18", "close": 107.926075, "volume": 3506568, "typical_volume": 4397440.9, "trend": 111.97993, "fair_value": 102.762714, "relative_strength": 5.385379, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.623385, "energy": 42.409509, "activity_lines": [ 107.985229, 110.586886, 110.966158, 111.381411 ] }, { "date": "2025-04-25", "close": 109.579378, "volume": 4098313, "typical_volume": 4467033.85, "trend": 111.770151, "fair_value": 102.597427, "relative_strength": 2.141712, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.56542, "energy": 42.115565, "activity_lines": [ 107.979194, 110.105145, 110.828266, 111.226537 ] }, { "date": "2025-05-02", "close": 116.182977, "volume": 6148845, "typical_volume": 4581836.35, "trend": 111.838009, "fair_value": 102.519159, "relative_strength": 5.093683, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.723031, "energy": 16.747693, "activity_lines": [ 110.443196, 110.894952, 111.345718, 111.511235 ] }, { "date": "2025-05-09", "close": 113.405044, "volume": 4842493, "typical_volume": 4592203.0, "trend": 111.862067, "fair_value": 102.438681, "relative_strength": 2.933929, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.209176, "energy": 6.053137, "activity_lines": [ 112.006145, 111.144718, 111.585807, 111.612334 ] }, { "date": "2025-05-16", "close": 114.991061, "volume": 4915175, "typical_volume": 4771451.1, "trend": 111.893974, "fair_value": 102.409021, "relative_strength": -0.915505, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.476712, "energy": 16.794382, "activity_lines": [ 113.61395, 111.770652, 111.958417, 111.814205 ] }, { "date": "2025-05-23", "close": 108.646992, "volume": 4314675, "typical_volume": 4889690.9, "trend": 111.791542, "fair_value": 102.303628, "relative_strength": -3.977919, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.94594, "energy": 10.47591, "activity_lines": [ 112.357311, 111.257552, 111.702199, 111.604722 ] }, { "date": "2025-05-30", "close": 112.934045, "volume": 3537207, "typical_volume": 4843015.15, "trend": 111.975569, "fair_value": 102.233571, "relative_strength": -2.01391, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.343335, "energy": 8.10741, "activity_lines": [ 112.481629, 111.594781, 111.868203, 111.678432 ] }, { "date": "2025-06-06", "close": 111.338415, "volume": 4234157, "typical_volume": 4869205.2, "trend": 111.854238, "fair_value": 102.210639, "relative_strength": -4.952557, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.075393, "energy": 6.68108, "activity_lines": [ 111.850426, 111.654221, 111.83986, 111.637325 ] }, { "date": "2025-06-13", "close": 111.61717, "volume": 4471365, "typical_volume": 4923489.2, "trend": 111.804219, "fair_value": 102.21499, "relative_strength": -4.372309, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.279494, "energy": 3.588634, "activity_lines": [ 111.635113, 111.859223, 111.818894, 111.622031 ] }, { "date": "2025-06-20", "close": 111.107722, "volume": 3450995, "typical_volume": 4891170.7, "trend": 111.63868, "fair_value": 102.17996, "relative_strength": -4.634143, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.051809, "energy": 2.652476, "activity_lines": [ 111.369174, 111.872156, 111.720015, 111.577095 ] }, { "date": "2025-06-27", "close": 109.348684, "volume": 5534250, "typical_volume": 4911324.15, "trend": 111.323208, "fair_value": 102.123118, "relative_strength": -9.183293, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.601947, "energy": 8.954902, "activity_lines": [ 110.77578, 111.431392, 111.440572, 111.429354 ] }, { "date": "2025-07-04", "close": 110.610096, "volume": 6155304, "typical_volume": 4969307.35, "trend": 111.172563, "fair_value": 102.092853, "relative_strength": -9.603118, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.361181, "energy": 15.999931, "activity_lines": [ 110.556076, 111.194109, 111.301338, 111.383346 ] }, { "date": "2025-07-11", "close": 110.367551, "volume": 4006917, "typical_volume": 4990165.2, "trend": 111.068297, "fair_value": 102.064709, "relative_strength": -9.490218, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.48395, "energy": 20.227219, "activity_lines": [ 110.410454, 110.893988, 111.152664, 111.33141 ] }, { "date": "2025-07-18", "close": 110.532482, "volume": 3210603, "typical_volume": 4878670.5, "trend": 111.102251, "fair_value": 102.01668, "relative_strength": -9.763114, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.151083, "energy": 18.368834, "activity_lines": [ 110.384533, 110.729588, 111.038233, 111.296841 ] }, { "date": "2025-07-25", "close": 110.154112, "volume": 3739512, "typical_volume": 4815098.75, "trend": 111.113426, "fair_value": 101.936931, "relative_strength": -11.206358, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.577088, "energy": 16.677088, "activity_lines": [ 110.304801, 110.548623, 110.924442, 111.235671 ] }, { "date": "2025-08-01", "close": 103.760633, "volume": 6730909, "typical_volume": 4896482.15, "trend": 110.853033, "fair_value": 101.837473, "relative_strength": -13.921672, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.630143, "energy": 56.382844, "activity_lines": [ 108.157484, 109.293151, 110.228561, 110.761297 ] }, { "date": "2025-08-08", "close": 102.373277, "volume": 4818189, "typical_volume": 4893599.2, "trend": 110.79768, "fair_value": 101.682114, "relative_strength": -16.706554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.037088, "energy": 70.974655, "activity_lines": [ 105.920251, 107.874276, 109.442379, 110.214216 ] }, { "date": "2025-08-15", "close": 103.63451, "volume": 4365327, "typical_volume": 4900373.45, "trend": 110.675085, "fair_value": 101.553889, "relative_strength": -16.136095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.012163, "energy": 73.673548, "activity_lines": [ 104.652551, 106.87673, 108.829832, 109.752076 ] }, { "date": "2025-08-22", "close": 106.176378, "volume": 4395220, "typical_volume": 4784330.5, "trend": 110.699485, "fair_value": 101.484286, "relative_strength": -13.963847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.390253, "energy": 72.389516, "activity_lines": [ 104.681009, 106.481412, 108.520902, 109.461837 ] }, { "date": "2025-08-29", "close": 108.640633, "volume": 4155452, "typical_volume": 4531573.8, "trend": 110.708499, "fair_value": 101.475092, "relative_strength": -11.556198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.416717, "energy": 55.074531, "activity_lines": [ 105.821293, 106.633065, 108.446527, 109.329008 ] }, { "date": "2025-09-05", "close": 108.039122, "volume": 3304666, "typical_volume": 4521478.7, "trend": 110.524327, "fair_value": 101.41665, "relative_strength": -11.921206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.340371, "energy": 24.859493, "activity_lines": [ 106.861972, 106.720208, 108.291552, 109.15679 ] }, { "date": "2025-09-12", "close": 106.244291, "volume": 3927059, "typical_volume": 4512916.0, "trend": 110.283186, "fair_value": 101.379229, "relative_strength": -14.286738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.596551, "energy": 19.901418, "activity_lines": [ 107.019141, 106.504828, 107.965102, 108.880659 ] }, { "date": "2025-09-19", "close": 104.730812, "volume": 5559102, "typical_volume": 4483428.85, "trend": 109.965546, "fair_value": 101.371372, "relative_strength": -16.102831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.257236, "energy": 23.24086, "activity_lines": [ 106.413749, 106.093649, 107.510393, 108.522441 ] }, { "date": "2025-09-26", "close": 103.809142, "volume": 3702736, "typical_volume": 4426441.0, "trend": 109.484712, "fair_value": 101.366241, "relative_strength": -16.190499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.517171, "energy": 36.207364, "activity_lines": [ 105.428047, 105.617379, 107.02244, 108.125254 ] }, { "date": "2025-10-03", "close": 102.086715, "volume": 4155966, "typical_volume": 4388480.55, "trend": 109.028106, "fair_value": 101.386277, "relative_strength": -18.07808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.420613, "energy": 60.61708, "activity_lines": [ 104.026019, 104.950183, 106.41614, 107.647964 ] }, { "date": "2025-10-10", "close": 99.608026, "volume": 3862464, "typical_volume": 4365870.0, "trend": 108.596889, "fair_value": 101.403449, "relative_strength": -17.709439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.277796, "energy": 74.986338, "activity_lines": [ 102.234689, 103.978997, 105.635225, 107.040217 ] }, { "date": "2025-10-17", "close": 100.323221, "volume": 5287495, "typical_volume": 4453384.4, "trend": 108.153932, "fair_value": 101.407185, "relative_strength": -18.142682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.973036, "energy": 75.390791, "activity_lines": [ 101.24383, 103.213348, 104.965466, 106.506432 ] }, { "date": "2025-10-24", "close": 102.929274, "volume": 4847491, "typical_volume": 4484051.1, "trend": 107.69968, "fair_value": 101.421508, "relative_strength": -17.237491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.351535, "energy": 66.745143, "activity_lines": [ 101.516394, 102.958801, 104.603954, 106.169357 ] }, { "date": "2025-10-31", "close": 97.462442, "volume": 7869887, "typical_volume": 4653977.2, "trend": 107.410168, "fair_value": 101.420322, "relative_strength": -21.796992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.279633, "energy": 74.864839, "activity_lines": [ 100.086782, 101.723106, 103.761835, 105.50889 ] }, { "date": "2025-11-07", "close": 99.715796, "volume": 10113543, "typical_volume": 4987104.6, "trend": 107.275869, "fair_value": 101.412642, "relative_strength": -18.271459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.07592, "energy": 53.239933, "activity_lines": [ 99.831403, 101.055548, 103.201724, 105.012479 ] }, { "date": "2025-11-14", "close": 100.577948, "volume": 6508101, "typical_volume": 5035797.15, "trend": 107.030932, "fair_value": 101.41279, "relative_strength": -17.282214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.501468, "energy": 45.609327, "activity_lines": [ 100.021468, 100.707014, 102.777971, 104.580355 ] }, { "date": "2025-11-21", "close": 103.095826, "volume": 6604691, "typical_volume": 5058266.5, "trend": 106.814813, "fair_value": 101.410497, "relative_strength": -13.174952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.456883, "energy": 35.996338, "activity_lines": [ 100.986165, 100.951934, 102.635781, 104.326477 ] }, { "date": "2025-11-28", "close": 104.183314, "volume": 10650058, "typical_volume": 5390423.55, "trend": 106.414824, "fair_value": 101.40535, "relative_strength": -14.958989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.001594, "energy": 20.530494, "activity_lines": [ 102.128517, 101.451823, 102.632943, 104.156703 ] }, { "date": "2025-12-05", "close": 101.773205, "volume": 4178716, "typical_volume": 5438829.2, "trend": 106.027096, "fair_value": 101.406535, "relative_strength": -16.818677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.844331, "energy": 19.441194, "activity_lines": [ 102.383897, 101.523466, 102.43002, 103.857244 ] }, { "date": "2025-12-12", "close": 102.116107, "volume": 5077719, "typical_volume": 5505739.55, "trend": 105.597931, "fair_value": 101.426091, "relative_strength": -15.690825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.248198, "energy": 18.957053, "activity_lines": [ 102.466193, 101.694472, 102.301465, 103.604922 ] }, { "date": "2025-12-19", "close": 106.128088, "volume": 11973764, "typical_volume": 5767882.3, "trend": 105.513968, "fair_value": 101.476402, "relative_strength": -12.185697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.242538, "energy": 10.402712, "activity_lines": [ 103.725796, 102.594394, 102.59328, 103.639125 ] }, { "date": "2025-12-26", "close": 108.086827, "volume": 3658021, "typical_volume": 5709873.9, "trend": 105.352394, "fair_value": 101.536042, "relative_strength": -11.535413, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.661279, "energy": 19.341136, "activity_lines": [ 105.268302, 103.731904, 103.060367, 103.805116 ] }, { "date": "2026-01-02", "close": 108.987056, "volume": 3687803, "typical_volume": 5675997.7, "trend": 105.274015, "fair_value": 101.589455, "relative_strength": -9.560167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.415377, "energy": 43.278741, "activity_lines": [ 106.778151, 104.891935, 103.585984, 104.039611 ] }, { "date": "2026-01-09", "close": 107.631767, "volume": 8381043, "typical_volume": 5875288.85, "trend": 105.141169, "fair_value": 101.611823, "relative_strength": -11.835226, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.530088, "energy": 49.274141, "activity_lines": [ 107.515988, 105.695409, 103.957037, 104.191724 ] }, { "date": "2026-01-16", "close": 108.32425, "volume": 7127970, "typical_volume": 6023914.75, "trend": 105.048386, "fair_value": 101.657138, "relative_strength": -10.714122, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.718746, "energy": 52.674033, "activity_lines": [ 108.094082, 106.439892, 104.38711, 104.397084 ] }, { "date": "2026-01-23", "close": 106.70186, "volume": 3676270, "typical_volume": 6042494.95, "trend": 104.960159, "fair_value": 101.652604, "relative_strength": -11.540984, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.055053, "energy": 42.042382, "activity_lines": [ 107.717503, 106.732878, 104.664176, 104.503759 ] }, { "date": "2026-01-30", "close": 107.879082, "volume": 6751007, "typical_volume": 6183692.35, "trend": 104.869125, "fair_value": 101.655107, "relative_strength": -10.661204, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.28814, "energy": 29.844288, "activity_lines": [ 107.695079, 107.12856, 105.059727, 104.692077 ] }, { "date": "2026-02-06", "close": 105.485067, "volume": 8602962, "typical_volume": 6335885.35, "trend": 104.706375, "fair_value": 101.636151, "relative_strength": -12.100033, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 43.360875, "energy": 25.920118, "activity_lines": [ 106.888501, 107.001998, 105.219492, 104.731815 ] }, { "date": "2026-02-13", "close": 107.364666, "volume": 7052349, "typical_volume": 6503366.0, "trend": 104.600782, "fair_value": 101.644921, "relative_strength": -9.059606, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 42.286558, "energy": 22.530508, "activity_lines": [ 106.941921, 107.193514, 105.554674, 104.903318 ] }, { "date": "2026-02-20", "close": 106.048947, "volume": 3516132, "typical_volume": 6471374.3, "trend": 104.463943, "fair_value": 101.665746, "relative_strength": -10.789691, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.179296, "energy": 19.7171, "activity_lines": [ 106.574575, 107.044145, 105.747619, 104.996748 ] }, { "date": "2026-02-27", "close": 107.176706, "volume": 4928699, "typical_volume": 6524686.05, "trend": 104.577812, "fair_value": 101.695498, "relative_strength": -8.931, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.082419, "energy": 18.426859, "activity_lines": [ 106.734835, 107.028317, 106.029102, 105.171765 ] }, { "date": "2026-03-06", "close": 105.386141, "volume": 4447869, "typical_volume": 6482704.75, "trend": 104.678241, "fair_value": 101.765956, "relative_strength": -8.15951, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.121113, "energy": 16.464449, "activity_lines": [ 106.266585, 106.667865, 106.104013, 105.223915 ] }, { "date": "2026-03-13", "close": 99.529706, "volume": 4618178, "typical_volume": 6471239.1, "trend": 104.541414, "fair_value": 101.828248, "relative_strength": -11.422443, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.068244, "energy": 21.67843, "activity_lines": [ 104.012385, 105.291711, 105.597059, 104.891752 ] }, { "date": "2026-03-20", "close": 96.314603, "volume": 5691430, "typical_volume": 6362316.25, "trend": 104.212688, "fair_value": 101.880287, "relative_strength": -12.163747, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.527591, "energy": 52.765756, "activity_lines": [ 101.083508, 103.502945, 104.800094, 104.36099 ] }, { "date": "2026-03-27", "close": 95.918898, "volume": 6664013, "typical_volume": 6189839.75, "trend": 103.78863, "fair_value": 101.896024, "relative_strength": -9.902941, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.069833, "energy": 65.771351, "activity_lines": [ 98.759401, 101.847998, 103.970908, 103.825906 ] }, { "date": "2026-04-03", "close": 100.76, "volume": 5946507, "typical_volume": 6161760.05, "trend": 103.545993, "fair_value": 101.944394, "relative_strength": -7.872024, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.03669, "energy": 61.617363, "activity_lines": [ 98.72433, 101.298804, 103.62086, 103.630511 ] }, { "date": "2026-04-10", "close": 101.95, "volume": 6052317, "typical_volume": 6134141.35, "trend": 103.40285, "fair_value": 102.006793, "relative_strength": -9.540912, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.392208, "energy": 55.263112, "activity_lines": [ 99.513707, 101.074007, 103.383279, 103.527544 ] }, { "date": "2026-04-17", "close": 103.4, "volume": 5596000, "typical_volume": 5881438.45, "trend": 103.358489, "fair_value": 102.059342, "relative_strength": -11.584828, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.796088, "energy": 22.951452, "activity_lines": [ 101.015493, 101.220649, 103.289249, 103.52736 ] }, { "date": "2026-04-24", "close": 101.75, "volume": 4599119, "typical_volume": 5902458.6, "trend": 103.289851, "fair_value": 102.082684, "relative_strength": -12.860801, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.150855, "energy": 9.786111, "activity_lines": [ 101.70926, 101.1052, 103.041806, 103.423586 ] }, { "date": "2026-05-01", "close": 103.491826, "volume": 7237390, "typical_volume": 6010442.15, "trend": 103.336688, "fair_value": 102.115478, "relative_strength": -11.531325, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.839672, "energy": 10.214372, "activity_lines": [ 102.621275, 101.408532, 102.960362, 103.436617 ] }, { "date": "2026-05-08", "close": 102.818064, "volume": 6321997, "typical_volume": 5727853.8, "trend": 103.44369, "fair_value": 102.143095, "relative_strength": -13.474726, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.721381, "energy": 18.769092, "activity_lines": [ 102.803842, 101.635855, 102.808199, 103.403157 ] }, { "date": "2026-05-15", "close": 101.648889, "volume": 5594287, "typical_volume": 5824667.1, "trend": 103.487879, "fair_value": 102.186077, "relative_strength": -14.040553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.350237, "energy": 16.066102, "activity_lines": [ 102.459479, 101.729849, 102.560448, 103.287364 ] }, { "date": "2026-05-22", "close": 106.484122, "volume": 5324242, "typical_volume": 5906489.05, "trend": 103.606373, "fair_value": 102.274797, "relative_strength": -10.226299, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.669586, "energy": 12.192232, "activity_lines": [ 103.746934, 102.770926, 102.803853, 103.48067 ] }, { "date": "2026-05-29", "close": 105.58247, "volume": 4599270, "typical_volume": 5717400.4, "trend": 103.877041, "fair_value": 102.336594, "relative_strength": -11.682887, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.738974, "energy": 16.487819, "activity_lines": [ 104.528231, 103.521622, 102.973304, 103.60816 ] }, { "date": "2026-06-05", "close": 111.567062, "volume": 6120051, "typical_volume": 5667004.45, "trend": 104.272083, "fair_value": 102.404636, "relative_strength": -3.852358, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.193011, "energy": 46.786315, "activity_lines": [ 107.048893, 105.191919, 103.722475, 104.10429 ] }, { "date": "2026-06-12", "close": 113.925229, "volume": 6894113, "typical_volume": 5827896.6, "trend": 104.716993, "fair_value": 102.488538, "relative_strength": -1.950345, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.572039, "energy": 68.46627, "activity_lines": [ 109.817262, 107.006462, 104.680792, 104.727074 ] }, { "date": "2026-06-19", "close": 107.990178, "volume": 6975236, "typical_volume": 5839108.05, "trend": 104.880138, "fair_value": 102.575826, "relative_strength": -7.410596, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.317967, "energy": 69.249583, "activity_lines": [ 109.866804, 107.502537, 105.039468, 104.938247 ] }, { "date": "2026-06-26", "close": 115.243028, "volume": 5304919, "typical_volume": 5674205.9, "trend": 105.248795, "fair_value": 102.686678, "relative_strength": 1.485007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.7983, "energy": 79.355459, "activity_lines": [ 111.911209, 109.207491, 106.088363, 105.606821 ] }, { "date": "2026-07-03", "close": 117.25, "volume": 3549084, "typical_volume": 5499042.65, "trend": 105.764688, "fair_value": 102.810913, "relative_strength": 1.331122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.705182, "energy": 82.762552, "activity_lines": [ 114.040678, 111.06202, 107.281932, 106.381092 ] }, { "date": "2026-07-10", "close": 112.96, "volume": 3669151, "typical_volume": 5506693.6, "trend": 106.126151, "fair_value": 102.889366, "relative_strength": -3.340854, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.153183, "energy": 60.350462, "activity_lines": [ 113.962311, 111.854732, 108.019857, 106.845306 ] }, { "date": "2026-07-17", "close": 112.97, "volume": 6186703, "typical_volume": 5569593.8, "trend": 106.354215, "fair_value": 102.962405, "relative_strength": -1.496658, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.704704, "energy": 57.428801, "activity_lines": [ 113.794416, 112.477113, 108.725824, 107.286844 ] }, { "date": "2026-07-24", "close": 113.73, "volume": 3856497, "typical_volume": 5540025.2, "trend": 106.542321, "fair_value": 103.065633, "relative_strength": 0.011642, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.974726, "energy": 46.597528, "activity_lines": [ 113.943535, 113.053095, 109.476585, 107.762701 ] }, { "date": "2026-07-31", "close": 110.81, "volume": 6681503, "typical_volume": 5643191.45, "trend": 106.603085, "fair_value": 103.149971, "relative_strength": -3.366338, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.55515, "energy": 30.655385, "activity_lines": [ 112.736667, 112.878512, 109.909518, 108.038036 ] }, { "date": "2026-08-07", "close": 111.93, "volume": 4357753, "typical_volume": 5576507.6, "trend": 106.74636, "fair_value": 103.24541, "relative_strength": -5.49123, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.707558, "energy": 26.079859, "activity_lines": [ 112.198667, 112.828912, 110.395402, 108.381707 ] } ], "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." } } }