{ "ticker": { "uuid": "92e93a44-c6c4-455d-9812-ca6add365a12", "symbol": "TCAP", "name": "TP ICAP Group PLC", "exchange": "LSE", "country": "GB", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 49.144, "architecture_energy": 40.648, "architecture_maturity": 96.062, "architecture_confidence": 71.765, "architecture_tenure": "Established", "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": 17.16, "rotation_up": 43.44, "upward_expansion": 70.64, "deceleration": 82.66, "rotation_down": 27.37, "downward_expansion": 18.31 }, "activity_lines": [ 339.68, 342.138182, 333.214625, 319.891722 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 324.8, "trend_reference": 301.078237, "distance_from_trend": 0.078789, "trend_direction": "Improving", "fair_value": 245.378413, "distance_from_fair_value": 0.32367, "fair_value_direction": "Weakening", "relative_strength": 5.481287, "relative_strength_direction": "Weakening", "price_momentum": 0.299718, "excess_performance": 0.248483, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078789, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.110574, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.32367, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.0522, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.054813, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.046112, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.299718, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.01293, "read": "Demand-led" } ], "volume": { "latest": 9176425, "relative_activity": 0.856038, "balance": 1.01293, "dry_up": 0.533914, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.04784, "annualized_volatility": 0.232478, "from_high_reference": -0.08507, "from_low_reference": 0.379744 }, "levels": { "trend_reference": 301.078237, "fair_value_reference": 245.378413, "structural_low": 243.902667, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.01062, "positive_rate": 0.347826, "directional_follow_through": 0.347826, "median_excess_return": -0.018287, "regime_survival": 0.652174, "best_return": 0.26943, "worst_return": -0.083068, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.003839, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.04384, "regime_survival": 0.222222, "best_return": 0.20773, "worst_return": -0.162702, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.071596, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.011374, "regime_survival": 0.333333, "best_return": 0.280075, "worst_return": -0.15484, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.073243, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.048069, "regime_survival": 0.333333, "best_return": 0.42055, "worst_return": -0.074226, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-07-26", "tenure": "Developing", "return": 0.075426, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-10-11", "tenure": "Developing", "return": 0.034695, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": 0.132159, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-02-21", "tenure": "Established", "return": -0.003839, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": 0.028736, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.145862, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-07-04", "tenure": "Developing", "return": 0.05293, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": -0.045, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-10-10", "tenure": "Developing", "return": -0.050271, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-11-14", "tenure": "Developing", "return": -0.04142, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-01-23", "tenure": "Developing", "return": 0.076763, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-03-20", "tenure": "Developing", "return": 0.060784, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": 0.050752, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-10", "end": "2026-08-07", "tenure": "Established", "return": 0.120773, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 161.57402, "volume": 3194043, "typical_volume": 4690938.45, "trend": 168.224939, "fair_value": 175.25676, "relative_strength": -2.298488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.865018, "energy": 13.201479, "activity_lines": [ 161.946596, 159.071784, 159.035418, 162.829727 ] }, { "date": "2023-08-25", "close": 162.571976, "volume": 4599805, "typical_volume": 4698541.05, "trend": 167.568918, "fair_value": 174.568295, "relative_strength": -2.832334, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.954444, "energy": 12.092215, "activity_lines": [ 162.312517, 160.018961, 159.101373, 162.465019 ] }, { "date": "2023-09-01", "close": 165.266571, "volume": 5273255, "typical_volume": 4850168.1, "trend": 167.059243, "fair_value": 173.973385, "relative_strength": -2.969004, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.68153, "energy": 11.395456, "activity_lines": [ 163.530065, 161.398001, 159.507222, 162.316481 ] }, { "date": "2023-09-08", "close": 161.873398, "volume": 2932798, "typical_volume": 4746011.2, "trend": 166.6659, "fair_value": 173.320292, "relative_strength": -5.008749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.835174, "energy": 9.131724, "activity_lines": [ 163.190746, 161.96776, 159.628881, 161.98191 ] }, { "date": "2023-09-15", "close": 166.663757, "volume": 5178771, "typical_volume": 4841438.95, "trend": 166.202798, "fair_value": 172.636424, "relative_strength": -5.069413, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.496074, "energy": 8.737802, "activity_lines": [ 164.222004, 163.208895, 160.259041, 161.981772 ] }, { "date": "2023-09-22", "close": 172.651672, "volume": 6563912, "typical_volume": 4903179.1, "trend": 165.945945, "fair_value": 172.20271, "relative_strength": -1.15046, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.623403, "energy": 28.583077, "activity_lines": [ 167.24258, 165.144991, 161.47421, 162.397828 ] }, { "date": "2023-09-29", "close": 169.805115, "volume": 5213830, "typical_volume": 5057139.75, "trend": 165.035577, "fair_value": 172.054437, "relative_strength": -1.307593, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.029461, "energy": 26.905545, "activity_lines": [ 168.575793, 166.26595, 162.416377, 162.646807 ] }, { "date": "2023-10-06", "close": 161.419662, "volume": 5161972, "typical_volume": 5173473.6, "trend": 164.258016, "fair_value": 171.790916, "relative_strength": -4.221771, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.400206, "energy": 18.262816, "activity_lines": [ 166.631647, 165.718067, 162.556377, 162.413522 ] }, { "date": "2023-10-13", "close": 161.818985, "volume": 7642127, "typical_volume": 5330457.35, "trend": 163.965939, "fair_value": 171.616505, "relative_strength": -4.895091, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.892196, "energy": 7.589838, "activity_lines": [ 165.077068, 165.196603, 162.747022, 162.256165 ] }, { "date": "2023-10-20", "close": 169.006516, "volume": 7246915, "typical_volume": 5456379.4, "trend": 163.610857, "fair_value": 171.537137, "relative_strength": 2.202797, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.239009, "energy": 11.252601, "activity_lines": [ 165.921961, 165.921259, 163.581584, 162.581364 ] }, { "date": "2023-10-27", "close": 165.712219, "volume": 11789093, "typical_volume": 5886039.85, "trend": 163.145964, "fair_value": 171.512954, "relative_strength": 2.037209, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.256138, "energy": 4.821118, "activity_lines": [ 165.51257, 166.002541, 164.033269, 162.716935 ] }, { "date": "2023-11-03", "close": 168.108047, "volume": 11092773, "typical_volume": 6057392.9, "trend": 162.747632, "fair_value": 171.460852, "relative_strength": 1.84856, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.731206, "energy": 16.631722, "activity_lines": [ 166.364419, 166.444188, 164.660632, 163.03707 ] }, { "date": "2023-11-10", "close": 174.397125, "volume": 9294005, "typical_volume": 6370034.0, "trend": 162.779201, "fair_value": 171.368209, "relative_strength": 6.58251, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.737392, "energy": 39.674165, "activity_lines": [ 169.425766, 167.928648, 165.845384, 163.78865 ] }, { "date": "2023-11-17", "close": 183.681, "volume": 12978585, "typical_volume": 6599065.85, "trend": 163.140193, "fair_value": 171.324828, "relative_strength": 10.01397, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.493165, "energy": 58.651607, "activity_lines": [ 174.716573, 170.935075, 167.820461, 165.137153 ] }, { "date": "2023-11-24", "close": 183.18187, "volume": 6158791, "typical_volume": 6417533.5, "trend": 163.587671, "fair_value": 171.283942, "relative_strength": 9.853555, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.560721, "energy": 65.954303, "activity_lines": [ 178.383536, 173.45425, 169.591881, 166.430165 ] }, { "date": "2023-12-01", "close": 188.872009, "volume": 9397011, "typical_volume": 6517439.55, "trend": 164.141657, "fair_value": 171.171342, "relative_strength": 12.456266, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.886188, "energy": 73.387729, "activity_lines": [ 183.002188, 176.707666, 171.723436, 168.061412 ] }, { "date": "2023-12-08", "close": 189.870239, "volume": 13526973, "typical_volume": 6866540.45, "trend": 164.835368, "fair_value": 171.060586, "relative_strength": 12.38964, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.310346, "energy": 74.938376, "activity_lines": [ 186.409598, 179.847663, 173.794883, 169.721321 ] }, { "date": "2023-12-15", "close": 189.171478, "volume": 8222723, "typical_volume": 7151562.2, "trend": 165.672119, "fair_value": 170.862217, "relative_strength": 11.492935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.432532, "energy": 69.804739, "activity_lines": [ 188.133274, 182.495792, 175.666463, 171.291392 ] }, { "date": "2023-12-22", "close": 195.360733, "volume": 10708667, "typical_volume": 7562822.25, "trend": 167.074452, "fair_value": 170.671635, "relative_strength": 13.12533, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.21141, "energy": 71.247155, "activity_lines": [ 190.935079, 185.764662, 177.983247, 173.206787 ] }, { "date": "2023-12-29", "close": 194.961411, "volume": 2733828, "typical_volume": 7445493.85, "trend": 168.423555, "fair_value": 170.565044, "relative_strength": 12.194931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.72963, "energy": 63.396436, "activity_lines": [ 192.825127, 188.351078, 180.08638, 175.005945 ] }, { "date": "2024-01-05", "close": 189.670609, "volume": 10478202, "typical_volume": 7809701.8, "trend": 169.589646, "fair_value": 170.426815, "relative_strength": 9.610122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.207222, "energy": 49.09398, "activity_lines": [ 192.166272, 189.503623, 181.550401, 176.376723 ] }, { "date": "2024-01-12", "close": 185.677536, "volume": 4790213, "typical_volume": 7819222.2, "trend": 170.466283, "fair_value": 170.322208, "relative_strength": 8.085187, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.796915, "energy": 43.28279, "activity_lines": [ 190.123153, 189.494547, 182.500336, 177.414651 ] }, { "date": "2024-01-19", "close": 179.388458, "volume": 5885123, "typical_volume": 7849815.6, "trend": 171.289636, "fair_value": 170.231951, "relative_strength": 6.595885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.308927, "energy": 27.270514, "activity_lines": [ 186.263188, 188.022558, 182.741284, 177.990276 ] }, { "date": "2024-01-26", "close": 185.178406, "volume": 3465963, "typical_volume": 7876473.85, "trend": 172.432398, "fair_value": 170.1492, "relative_strength": 7.468468, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.702552, "energy": 20.768453, "activity_lines": [ 184.985407, 187.512534, 183.46641, 178.886325 ] }, { "date": "2024-02-02", "close": 184.379791, "volume": 4997134, "typical_volume": 7867392.0, "trend": 173.744811, "fair_value": 170.048262, "relative_strength": 7.156114, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.568596, "energy": 21.15225, "activity_lines": [ 184.120242, 186.830083, 184.0045, 179.657125 ] }, { "date": "2024-02-09", "close": 178.989166, "volume": 4784192, "typical_volume": 7778406.0, "trend": 174.501627, "fair_value": 169.955573, "relative_strength": 4.469959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.214087, "energy": 19.122982, "activity_lines": [ 182.163644, 185.145737, 183.944835, 179.99547 ] }, { "date": "2024-02-16", "close": 178.989166, "volume": 3534076, "typical_volume": 7694418.3, "trend": 175.072153, "fair_value": 169.660361, "relative_strength": 2.528682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.208379, "energy": 11.61423, "activity_lines": [ 180.919142, 183.641079, 183.854992, 180.284989 ] }, { "date": "2024-02-23", "close": 180.486572, "volume": 3716366, "typical_volume": 7622138.0, "trend": 175.79239, "fair_value": 169.284028, "relative_strength": 3.412414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.883505, "energy": 11.825251, "activity_lines": [ 180.619667, 182.606515, 183.864026, 180.634306 ] }, { "date": "2024-03-01", "close": 181.185349, "volume": 6140943, "typical_volume": 7547078.8, "trend": 176.549227, "fair_value": 168.816982, "relative_strength": 4.242324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.92683, "energy": 11.942288, "activity_lines": [ 180.47991, 181.856909, 183.848814, 180.982239 ] }, { "date": "2024-03-08", "close": 187.873718, "volume": 8615836, "typical_volume": 7615524.85, "trend": 177.259552, "fair_value": 168.401754, "relative_strength": 8.349091, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.949683, "energy": 13.685239, "activity_lines": [ 182.835813, 182.581103, 184.37837, 181.712851 ] }, { "date": "2024-03-15", "close": 217.222763, "volume": 17338562, "typical_volume": 7892998.3, "trend": 179.114511, "fair_value": 168.185842, "relative_strength": 23.66734, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 76.393663, "energy": 64.515128, "activity_lines": [ 194.741803, 188.770355, 187.613229, 184.291123 ] }, { "date": "2024-03-22", "close": 226.007507, "volume": 8157984, "typical_volume": 7746258.85, "trend": 181.229028, "fair_value": 168.070963, "relative_strength": 24.919299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.334034, "energy": 85.762982, "activity_lines": [ 207.027134, 196.055885, 191.439442, 187.316478 ] }, { "date": "2024-03-29", "close": 224.809586, "volume": 6431317, "typical_volume": 7603124.45, "trend": 183.213795, "fair_value": 167.933072, "relative_strength": 23.426231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.393221, "energy": 91.762373, "activity_lines": [ 215.778602, 202.390339, 194.875855, 190.128127 ] }, { "date": "2024-04-05", "close": 225.10907, "volume": 7873978, "typical_volume": 7347894.1, "trend": 185.321651, "fair_value": 167.831796, "relative_strength": 23.697746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.998701, "energy": 90.747179, "activity_lines": [ 221.675031, 207.953406, 198.100731, 192.831048 ] }, { "date": "2024-04-12", "close": 208.731689, "volume": 8791614, "typical_volume": 7479535.25, "trend": 186.723916, "fair_value": 167.621065, "relative_strength": 13.10262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.033563, "energy": 83.694994, "activity_lines": [ 219.184084, 209.812755, 199.568581, 194.341373 ] }, { "date": "2024-04-19", "close": 207.233612, "volume": 7643712, "typical_volume": 7391870.3, "trend": 187.876647, "fair_value": 167.416065, "relative_strength": 13.292978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.036979, "energy": 54.265712, "activity_lines": [ 214.803247, 210.956965, 200.77209, 195.664579 ] }, { "date": "2024-04-26", "close": 201.241318, "volume": 13732009, "typical_volume": 7402122.1, "trend": 188.92452, "fair_value": 167.187028, "relative_strength": 6.441766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.602364, "energy": 32.805712, "activity_lines": [ 209.090922, 210.498131, 201.317469, 196.526816 ] }, { "date": "2024-05-03", "close": 214.723984, "volume": 6659644, "typical_volume": 7323968.15, "trend": 190.701331, "fair_value": 167.113103, "relative_strength": 12.182674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.281796, "energy": 26.083709, "activity_lines": [ 209.523898, 212.086107, 203.092763, 198.191297 ] }, { "date": "2024-05-10", "close": 221.715012, "volume": 4168459, "typical_volume": 6996957.75, "trend": 192.697865, "fair_value": 167.105397, "relative_strength": 12.393168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.851602, "energy": 32.373596, "activity_lines": [ 212.959591, 214.32268, 205.41219, 200.19218 ] }, { "date": "2024-05-17", "close": 216.222061, "volume": 8658615, "typical_volume": 7293197.1, "trend": 194.271717, "fair_value": 167.104968, "relative_strength": 9.37725, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.666699, "energy": 31.453216, "activity_lines": [ 214.79057, 214.823632, 207.082983, 201.70987 ] }, { "date": "2024-05-24", "close": 210.729126, "volume": 4854440, "typical_volume": 7012009.0, "trend": 195.77228, "fair_value": 167.087856, "relative_strength": 7.453835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.25422, "energy": 34.944248, "activity_lines": [ 214.291213, 213.810444, 208.129398, 202.771638 ] }, { "date": "2024-05-31", "close": 218.718857, "volume": 5314184, "typical_volume": 7038207.55, "trend": 197.459307, "fair_value": 167.143685, "relative_strength": 11.539678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.584465, "energy": 36.126069, "activity_lines": [ 216.222065, 214.368, 209.836461, 204.252062 ] }, { "date": "2024-06-07", "close": 207.732971, "volume": 4828912, "typical_volume": 6985397.0, "trend": 198.570502, "fair_value": 167.152731, "relative_strength": 5.915315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.936525, "energy": 25.539313, "activity_lines": [ 213.325786, 213.060644, 210.33991, 204.914879 ] }, { "date": "2024-06-14", "close": 203.738113, "volume": 5976608, "typical_volume": 7110929.25, "trend": 199.239073, "fair_value": 167.230474, "relative_strength": 4.782504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.927041, "energy": 15.187244, "activity_lines": [ 209.563956, 211.337433, 210.327922, 205.248274 ] }, { "date": "2024-06-21", "close": 205.236191, "volume": 4208907, "typical_volume": 7071517.9, "trend": 199.974217, "fair_value": 167.242683, "relative_strength": 4.038768, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.113101, "energy": 11.700799, "activity_lines": [ 207.499944, 210.275164, 210.370229, 205.635185 ] }, { "date": "2024-06-28", "close": 199.543518, "volume": 4952688, "typical_volume": 7079942.7, "trend": 200.329934, "fair_value": 167.267853, "relative_strength": 1.705045, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.222939, "energy": 12.169929, "activity_lines": [ 204.270766, 208.241417, 209.77106, 205.607398 ] }, { "date": "2024-07-05", "close": 212.726563, "volume": 7311176, "typical_volume": 7268797.7, "trend": 201.091811, "fair_value": 167.361046, "relative_strength": 7.387158, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.027364, "energy": 13.099398, "activity_lines": [ 206.181644, 208.744408, 210.329541, 206.40718 ] }, { "date": "2024-07-12", "close": 217.720139, "volume": 3743682, "typical_volume": 7270163.5, "trend": 202.043433, "fair_value": 167.52599, "relative_strength": 8.791028, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.371825, "energy": 16.48615, "activity_lines": [ 210.156533, 209.946498, 211.202947, 207.479975 ] }, { "date": "2024-07-19", "close": 217.220779, "volume": 4751742, "typical_volume": 7200703.45, "trend": 202.772101, "fair_value": 167.682749, "relative_strength": 9.357071, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.141999, "energy": 21.525255, "activity_lines": [ 213.299158, 211.003321, 211.851492, 208.459159 ] }, { "date": "2024-07-26", "close": 220.716293, "volume": 7811727, "typical_volume": 7160498.0, "trend": 203.630597, "fair_value": 167.847603, "relative_strength": 8.858657, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.176907, "energy": 40.395179, "activity_lines": [ 216.708109, 212.777405, 212.661345, 209.616849 ] }, { "date": "2024-08-02", "close": 217.220779, "volume": 8550444, "typical_volume": 6721092.1, "trend": 204.548936, "fair_value": 167.947179, "relative_strength": 8.111754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.731516, "energy": 44.431599, "activity_lines": [ 217.919883, 213.834227, 212.9819, 210.493635 ] }, { "date": "2024-08-09", "close": 225.210495, "volume": 12037329, "typical_volume": 6915059.35, "trend": 205.866702, "fair_value": 168.077844, "relative_strength": 11.70384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.33638, "energy": 49.915237, "activity_lines": [ 220.616411, 216.225695, 214.063389, 211.826639 ] }, { "date": "2024-08-16", "close": 241.689331, "volume": 11392414, "typical_volume": 7163114.2, "trend": 207.943398, "fair_value": 168.358229, "relative_strength": 17.186748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.265205, "energy": 68.20837, "activity_lines": [ 227.973622, 221.495286, 216.718086, 214.137776 ] }, { "date": "2024-08-23", "close": 237.195114, "volume": 6911745, "typical_volume": 7115002.55, "trend": 209.677288, "fair_value": 168.585845, "relative_strength": 14.220914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.255448, "energy": 67.966748, "activity_lines": [ 232.234815, 225.330357, 218.864383, 216.024983 ] }, { "date": "2024-08-30", "close": 242.688049, "volume": 5429605, "typical_volume": 6946902.1, "trend": 211.620896, "fair_value": 168.87161, "relative_strength": 15.576263, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.243601, "energy": 75.758402, "activity_lines": [ 236.995364, 229.555835, 221.476265, 218.15471 ] }, { "date": "2024-09-06", "close": 235.697021, "volume": 4973061, "typical_volume": 6813369.55, "trend": 213.511158, "fair_value": 169.342829, "relative_strength": 14.29556, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.763773, "energy": 71.836411, "activity_lines": [ 237.960787, 231.829274, 223.260636, 219.708008 ] }, { "date": "2024-09-13", "close": 237.694473, "volume": 4484409, "typical_volume": 6350989.55, "trend": 215.468002, "fair_value": 169.82813, "relative_strength": 13.372241, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.104955, "energy": 60.392772, "activity_lines": [ 238.360277, 233.80855, 225.099702, 221.268222 ] }, { "date": "2024-09-20", "close": 238.193817, "volume": 6535569, "typical_volume": 6344785.8, "trend": 217.391577, "fair_value": 170.33171, "relative_strength": 13.647154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.78649, "energy": 46.000398, "activity_lines": [ 238.09395, 235.424654, 226.812738, 222.734404 ] }, { "date": "2024-09-27", "close": 239.19252, "volume": 5952411, "typical_volume": 6433983.4, "trend": 219.325149, "fair_value": 170.842597, "relative_strength": 12.333084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.154549, "energy": 41.067017, "activity_lines": [ 238.393559, 236.850091, 228.509127, 224.140916 ] }, { "date": "2024-10-04", "close": 230.750763, "volume": 8549001, "typical_volume": 6428502.7, "trend": 220.754384, "fair_value": 171.314963, "relative_strength": 8.379231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.240166, "energy": 30.305687, "activity_lines": [ 235.746088, 236.341177, 229.318313, 224.878053 ] }, { "date": "2024-10-11", "close": 224.757248, "volume": 6675646, "typical_volume": 6519563.0, "trend": 221.005533, "fair_value": 171.714271, "relative_strength": 5.439952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.570769, "energy": 20.098482, "activity_lines": [ 231.896597, 234.560088, 229.487503, 225.136302 ] }, { "date": "2024-10-18", "close": 226.755096, "volume": 16912191, "typical_volume": 7099463.35, "trend": 221.030453, "fair_value": 172.129709, "relative_strength": 4.7109, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.675412, "energy": 19.376058, "activity_lines": [ 229.442375, 233.005218, 229.780165, 225.507242 ] }, { "date": "2024-10-25", "close": 232.748627, "volume": 6335786, "typical_volume": 7174807.05, "trend": 221.295088, "fair_value": 172.629197, "relative_strength": 8.463457, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.343026, "energy": 20.365419, "activity_lines": [ 229.715287, 232.511997, 230.605371, 226.263253 ] }, { "date": "2024-11-01", "close": 224.757248, "volume": 11709105, "typical_volume": 7461431.9, "trend": 221.28336, "fair_value": 173.185463, "relative_strength": 5.281141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.818027, "energy": 16.625915, "activity_lines": [ 227.68742, 230.728356, 230.550371, 226.486618 ] }, { "date": "2024-11-08", "close": 250.729202, "volume": 12609512, "typical_volume": 7881462.15, "trend": 222.683277, "fair_value": 173.889939, "relative_strength": 18.329619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.052298, "energy": 33.106418, "activity_lines": [ 235.279222, 233.893032, 232.868799, 228.38635 ] }, { "date": "2024-11-15", "close": 256.722717, "volume": 15360785, "typical_volume": 8401867.0, "trend": 224.332914, "fair_value": 174.667344, "relative_strength": 20.639875, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 74.222703, "energy": 64.655258, "activity_lines": [ 243.536966, 238.001234, 235.541405, 230.582443 ] }, { "date": "2024-11-22", "close": 260.218964, "volume": 8574896, "typical_volume": 8465053.0, "trend": 226.298836, "fair_value": 175.49707, "relative_strength": 18.736456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.167391, "energy": 77.367893, "activity_lines": [ 250.829094, 242.362833, 238.274705, 232.897672 ] }, { "date": "2024-11-29", "close": 262.216797, "volume": 5300625, "typical_volume": 8542900.15, "trend": 227.881929, "fair_value": 176.365166, "relative_strength": 18.71993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.208603, "energy": 82.470504, "activity_lines": [ 256.556243, 246.678138, 240.972121, 235.214959 ] }, { "date": "2024-12-06", "close": 264.714111, "volume": 6111228, "typical_volume": 8610874.45, "trend": 229.315233, "fair_value": 177.162228, "relative_strength": 18.965913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.432049, "energy": 83.32322, "activity_lines": [ 261.151285, 251.010719, 243.695487, 237.591229 ] }, { "date": "2024-12-13", "close": 258.720551, "volume": 4474394, "typical_volume": 8444007.8, "trend": 230.731849, "fair_value": 177.921381, "relative_strength": 15.872598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.391481, "energy": 76.365506, "activity_lines": [ 261.084682, 253.789532, 245.621879, 239.488346 ] }, { "date": "2024-12-20", "close": 258.2211, "volume": 22616933, "typical_volume": 9147332.25, "trend": 232.314915, "fair_value": 178.595658, "relative_strength": 18.180222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.294431, "energy": 55.437156, "activity_lines": [ 260.31884, 255.968994, 247.319732, 241.261847 ] }, { "date": "2024-12-27", "close": 257.222168, "volume": 3573939, "typical_volume": 8724162.75, "trend": 233.598359, "fair_value": 179.268644, "relative_strength": 16.255882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.487247, "energy": 45.358209, "activity_lines": [ 259.120127, 257.358399, 248.727209, 242.868766 ] }, { "date": "2025-01-03", "close": 261.217865, "volume": 7663097, "typical_volume": 8537696.9, "trend": 235.381188, "fair_value": 179.936568, "relative_strength": 16.411381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.115178, "energy": 42.118079, "activity_lines": [ 259.453101, 258.920348, 250.362791, 244.65067 ] }, { "date": "2025-01-10", "close": 258.720551, "volume": 11216505, "typical_volume": 8752934.9, "trend": 237.213936, "fair_value": 180.633219, "relative_strength": 14.390475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.824134, "energy": 33.767043, "activity_lines": [ 259.020231, 259.510617, 251.667542, 246.156435 ] }, { "date": "2025-01-17", "close": 271.207062, "volume": 15160746, "typical_volume": 9239491.95, "trend": 239.412965, "fair_value": 181.432918, "relative_strength": 15.655668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.986388, "energy": 44.384553, "activity_lines": [ 263.149103, 261.753646, 254.058981, 248.34954 ] }, { "date": "2025-01-24", "close": 271.207062, "volume": 8451193, "typical_volume": 9413398.55, "trend": 241.80175, "fair_value": 182.261376, "relative_strength": 15.080166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.315024, "energy": 47.742844, "activity_lines": [ 266.445541, 263.62435, 256.314616, 250.400772 ] }, { "date": "2025-01-31", "close": 272.205994, "volume": 9117032, "typical_volume": 9645029.7, "trend": 243.784398, "fair_value": 183.136499, "relative_strength": 12.658513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.816771, "energy": 55.295608, "activity_lines": [ 269.209225, 265.413326, 258.496292, 252.362336 ] }, { "date": "2025-02-07", "close": 269.70871, "volume": 6020606, "typical_volume": 9619281.55, "trend": 245.51735, "fair_value": 184.008396, "relative_strength": 10.722161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.127361, "energy": 66.820984, "activity_lines": [ 270.141559, 266.530305, 260.275791, 254.034872 ] }, { "date": "2025-02-14", "close": 260.718384, "volume": 6120019, "typical_volume": 9627661.95, "trend": 246.96727, "fair_value": 184.882736, "relative_strength": 6.154597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.088299, "energy": 45.676652, "activity_lines": [ 267.511062, 265.876463, 261.048997, 255.015584 ] }, { "date": "2025-02-21", "close": 259.220032, "volume": 4068116, "typical_volume": 9403617.7, "trend": 248.250728, "fair_value": 185.78262, "relative_strength": 5.963501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.835685, "energy": 29.314397, "activity_lines": [ 264.247925, 265.022842, 261.576999, 255.806085 ] }, { "date": "2025-02-28", "close": 260.718384, "volume": 6822209, "typical_volume": 9410945.85, "trend": 249.700649, "fair_value": 186.732372, "relative_strength": 4.330876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.938315, "energy": 19.060064, "activity_lines": [ 262.283374, 264.432568, 262.112134, 256.61045 ] }, { "date": "2025-03-07", "close": 262.216797, "volume": 6011017, "typical_volume": 8865887.15, "trend": 250.934192, "fair_value": 187.589475, "relative_strength": 6.090946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.063259, "energy": 20.159555, "activity_lines": [ 261.51754, 264.069327, 262.61873, 257.417943 ] }, { "date": "2025-03-14", "close": 263.715179, "volume": 12529544, "typical_volume": 9175575.05, "trend": 251.668387, "fair_value": 188.495807, "relative_strength": 7.109099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.77891, "energy": 16.418068, "activity_lines": [ 261.917112, 263.887708, 263.099165, 258.242523 ] }, { "date": "2025-03-21", "close": 269.209229, "volume": 13094553, "typical_volume": 9244847.45, "trend": 252.735524, "fair_value": 189.255859, "relative_strength": 8.963451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.248542, "energy": 23.55932, "activity_lines": [ 264.547603, 264.659602, 263.955383, 259.37419 ] }, { "date": "2025-03-28", "close": 268.210297, "volume": 7743877, "typical_volume": 9001565.7, "trend": 253.586266, "fair_value": 190.016537, "relative_strength": 8.210312, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.933858, "energy": 29.297335, "activity_lines": [ 266.279061, 265.059168, 264.504788, 260.372563 ] }, { "date": "2025-04-04", "close": 233.747528, "volume": 13056513, "typical_volume": 8886352.1, "trend": 253.521283, "fair_value": 190.589829, "relative_strength": 1.338103, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -12.889893, "energy": 13.578055, "activity_lines": [ 255.923578, 259.247262, 261.688781, 259.092644 ] }, { "date": "2025-04-11", "close": 236.360977, "volume": 15437431, "typical_volume": 9229478.85, "trend": 253.476833, "fair_value": 191.170285, "relative_strength": 3.391375, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.209254, "energy": 39.978901, "activity_lines": [ 248.237302, 254.591612, 259.23108, 257.985528 ] }, { "date": "2025-04-18", "close": 243.856567, "volume": 6170889, "typical_volume": 9272992.05, "trend": 253.665591, "fair_value": 191.858246, "relative_strength": 2.434036, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.100353, "energy": 48.2453, "activity_lines": [ 244.773277, 251.950524, 257.600854, 257.364865 ] }, { "date": "2025-04-25", "close": 254.350388, "volume": 9021780, "typical_volume": 9418519.65, "trend": 254.170853, "fair_value": 192.64608, "relative_strength": 4.684653, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.834822, "energy": 44.885252, "activity_lines": [ 246.131099, 251.687442, 257.057469, 257.409046 ] }, { "date": "2025-05-02", "close": 257.848328, "volume": 7246482, "typical_volume": 9557124.05, "trend": 255.074105, "fair_value": 193.543922, "relative_strength": 3.622729, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.889813, "energy": 27.74927, "activity_lines": [ 249.645492, 252.176131, 256.896573, 257.646302 ] }, { "date": "2025-05-09", "close": 267.842438, "volume": 6943331, "typical_volume": 8773443.95, "trend": 256.510278, "fair_value": 194.498158, "relative_strength": 7.802996, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 11.462514, "energy": 10.033287, "activity_lines": [ 257.182052, 254.506872, 257.69165, 258.470066 ] }, { "date": "2025-05-16", "close": 264.344513, "volume": 8184057, "typical_volume": 9003949.85, "trend": 257.763259, "fair_value": 195.423578, "relative_strength": 4.475683, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.181249, "energy": 17.218162, "activity_lines": [ 261.279643, 256.072097, 258.107775, 258.9755 ] }, { "date": "2025-05-23", "close": 258.348022, "volume": 6109950, "typical_volume": 8926292.5, "trend": 258.616572, "fair_value": 196.254299, "relative_strength": 1.426747, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.995464, "energy": 15.331783, "activity_lines": [ 261.512835, 256.508366, 257.91889, 259.013227 ] }, { "date": "2025-05-30", "close": 262.345673, "volume": 11576023, "typical_volume": 8944268.4, "trend": 259.86952, "fair_value": 197.102974, "relative_strength": 2.123865, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.534548, "energy": 12.540339, "activity_lines": [ 262.11248, 257.769065, 258.1244, 259.253814 ] }, { "date": "2025-06-06", "close": 268.841858, "volume": 6656435, "typical_volume": 8519052.85, "trend": 260.473275, "fair_value": 198.027815, "relative_strength": 3.521803, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.803996, "energy": 20.107217, "activity_lines": [ 264.344501, 260.33568, 258.931331, 259.832675 ] }, { "date": "2025-06-13", "close": 255.849503, "volume": 5257101, "typical_volume": 8359348.25, "trend": 260.444168, "fair_value": 198.899419, "relative_strength": -1.872896, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.517755, "energy": 5.482767, "activity_lines": [ 261.512835, 260.528566, 258.512158, 259.534367 ] }, { "date": "2025-06-20", "close": 259.847168, "volume": 11573198, "typical_volume": 8482156.55, "trend": 260.431775, "fair_value": 199.801124, "relative_strength": 0.214985, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.061532, "energy": 4.794542, "activity_lines": [ 260.813253, 261.046447, 258.546847, 259.495851 ] }, { "date": "2025-06-27", "close": 277.336853, "volume": 8876604, "typical_volume": 8624956.45, "trend": 260.935776, "fair_value": 200.862252, "relative_strength": 6.176955, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.901337, "energy": 22.82897, "activity_lines": [ 266.243389, 264.317248, 260.306071, 260.586501 ] }, { "date": "2025-07-04", "close": 278.336273, "volume": 13729751, "typical_volume": 9005443.05, "trend": 261.389848, "fair_value": 201.971982, "relative_strength": 5.884422, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.475906, "energy": 46.915966, "activity_lines": [ 270.740743, 267.161029, 262.124153, 261.709113 ] }, { "date": "2025-07-11", "close": 299.823639, "volume": 11236008, "typical_volume": 9363837.65, "trend": 262.759951, "fair_value": 203.207303, "relative_strength": 12.033601, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.720111, "energy": 76.643395, "activity_lines": [ 281.334512, 273.475498, 265.904757, 264.188713 ] }, { "date": "2025-07-18", "close": 308.318665, "volume": 6025832, "typical_volume": 9324018.8, "trend": 264.42987, "fair_value": 204.418445, "relative_strength": 13.99393, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.806585, "energy": 86.295229, "activity_lines": [ 292.694505, 280.571329, 270.30106, 267.127985 ] }, { "date": "2025-07-25", "close": 308.318665, "volume": 5912207, "typical_volume": 9319078.3, "trend": 266.133087, "fair_value": 205.634061, "relative_strength": 11.878872, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.143851, "energy": 89.061546, "activity_lines": [ 300.556553, 286.931229, 274.470696, 269.95952 ] }, { "date": "2025-08-01", "close": 303.321564, "volume": 5509344, "typical_volume": 8968068.3, "trend": 267.536543, "fair_value": 206.697454, "relative_strength": 10.210835, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.26685, "energy": 84.974447, "activity_lines": [ 303.521468, 291.583034, 277.944884, 272.358776 ] }, { "date": "2025-08-08", "close": 282.333954, "volume": 12908728, "typical_volume": 8958777.05, "trend": 268.323657, "fair_value": 207.542561, "relative_strength": 2.055111, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.44052, "energy": 68.444128, "activity_lines": [ 297.758199, 291.60121, 279.23165, 273.313448 ] }, { "date": "2025-08-15", "close": 275.338043, "volume": 8494749, "typical_volume": 8996320.65, "trend": 268.461356, "fair_value": 208.309577, "relative_strength": -1.009813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.559078, "energy": 34.957496, "activity_lines": [ 289.396448, 289.983979, 279.789641, 273.765989 ] }, { "date": "2025-08-22", "close": 286.331573, "volume": 11077932, "typical_volume": 8897391.6, "trend": 268.965507, "fair_value": 209.157933, "relative_strength": 0.784786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.409366, "energy": 22.790155, "activity_lines": [ 286.331579, 290.247459, 281.360692, 274.918906 ] }, { "date": "2025-08-29", "close": 277.336853, "volume": 6551297, "typical_volume": 8453084.9, "trend": 269.136535, "fair_value": 209.948631, "relative_strength": -1.03222, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.034113, "energy": 26.255862, "activity_lines": [ 281.734277, 288.321316, 281.824704, 275.458993 ] }, { "date": "2025-09-05", "close": 279.335693, "volume": 8247900, "typical_volume": 8556935.45, "trend": 269.457435, "fair_value": 210.644737, "relative_strength": -0.640842, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.558134, "energy": 23.353661, "activity_lines": [ 279.868709, 286.440604, 282.283958, 276.117003 ] }, { "date": "2025-09-12", "close": 275.338043, "volume": 11552774, "typical_volume": 8683485.15, "trend": 269.944757, "fair_value": 211.357412, "relative_strength": -2.911867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.956536, "energy": 18.237209, "activity_lines": [ 278.269649, 283.796705, 282.193535, 276.496397 ] }, { "date": "2025-09-19", "close": 273.339203, "volume": 9391702, "typical_volume": 8790746.15, "trend": 270.415396, "fair_value": 212.014439, "relative_strength": -2.963887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.772676, "energy": 13.251839, "activity_lines": [ 276.470703, 280.843893, 281.812805, 276.715394 ] }, { "date": "2025-09-26", "close": 271.840118, "volume": 8006520, "typical_volume": 8843905.6, "trend": 270.78612, "fair_value": 212.503946, "relative_strength": -4.235911, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.257601, "energy": 13.62696, "activity_lines": [ 274.305318, 278.100055, 281.215539, 276.807312 ] }, { "date": "2025-10-03", "close": 267.893097, "volume": 8934748, "typical_volume": 8881440.15, "trend": 270.97533, "fair_value": 212.959563, "relative_strength": -7.700461, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.987051, "energy": 17.638868, "activity_lines": [ 271.790356, 275.301823, 280.22333, 276.620665 ] }, { "date": "2025-10-10", "close": 263.394897, "volume": 5957987, "typical_volume": 8873842.0, "trend": 270.964654, "fair_value": 213.486739, "relative_strength": -8.67678, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.332023, "energy": 42.350553, "activity_lines": [ 268.405578, 272.420747, 278.785823, 276.131605 ] }, { "date": "2025-10-17", "close": 253.39888, "volume": 4615121, "typical_volume": 8525796.9, "trend": 270.437642, "fair_value": 213.977336, "relative_strength": -11.455594, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.735213, "energy": 57.662978, "activity_lines": [ 262.751515, 268.448153, 276.372281, 274.998329 ] }, { "date": "2025-10-24", "close": 262.395294, "volume": 5235741, "typical_volume": 8454762.2, "trend": 270.243809, "fair_value": 214.476363, "relative_strength": -11.02153, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.868522, "energy": 48.754753, "activity_lines": [ 261.558866, 266.637363, 274.858144, 274.479468 ] }, { "date": "2025-10-31", "close": 262.395294, "volume": 5902656, "typical_volume": 8487039.95, "trend": 271.198735, "fair_value": 215.039336, "relative_strength": -11.651229, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.505224, "energy": 48.551081, "activity_lines": [ 261.095812, 265.061896, 273.374706, 273.973112 ] }, { "date": "2025-11-07", "close": 249.400482, "volume": 11285433, "typical_volume": 8472651.7, "trend": 271.633385, "fair_value": 215.473608, "relative_strength": -15.44355, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.541354, "energy": 61.203113, "activity_lines": [ 256.930808, 261.55894, 270.622496, 272.566773 ] }, { "date": "2025-11-14", "close": 242.903076, "volume": 5213736, "typical_volume": 8289508.3, "trend": 271.601602, "fair_value": 215.918026, "relative_strength": -17.426558, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.537519, "energy": 75.079233, "activity_lines": [ 251.832844, 257.382572, 267.301231, 270.713205 ] }, { "date": "2025-11-21", "close": 240.90387, "volume": 8406137, "typical_volume": 8023327.6, "trend": 271.153384, "fair_value": 216.337478, "relative_strength": -16.412971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.683497, "energy": 81.672953, "activity_lines": [ 247.434599, 253.505123, 263.953536, 268.732706 ] }, { "date": "2025-11-28", "close": 254.398483, "volume": 6598526, "typical_volume": 7791453.5, "trend": 271.03839, "fair_value": 216.847911, "relative_strength": -13.069855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.902231, "energy": 71.240737, "activity_lines": [ 248.367559, 252.707316, 262.069292, 267.651745 ] }, { "date": "2025-12-05", "close": 251.399689, "volume": 9021597, "typical_volume": 7941241.75, "trend": 270.490298, "fair_value": 217.396032, "relative_strength": -13.294908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.429448, "energy": 55.723855, "activity_lines": [ 248.834041, 251.708651, 260.115759, 266.384732 ] }, { "date": "2025-12-12", "close": 251.399689, "volume": 7234012, "typical_volume": 8007332.0, "trend": 270.058804, "fair_value": 217.91218, "relative_strength": -12.84731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.587882, "energy": 43.490099, "activity_lines": [ 250.033564, 251.08163, 258.433269, 265.153079 ] }, { "date": "2025-12-19", "close": 253.898682, "volume": 10657357, "typical_volume": 8264732.65, "trend": 269.910492, "fair_value": 218.424525, "relative_strength": -13.841609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.732199, "energy": 29.736988, "activity_lines": [ 251.932805, 251.208851, 257.25982, 264.110491 ] }, { "date": "2025-12-26", "close": 259.896301, "volume": 2010207, "typical_volume": 7719806.6, "trend": 269.828847, "fair_value": 218.974676, "relative_strength": -11.267972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.232715, "energy": 22.42728, "activity_lines": [ 255.098211, 252.599207, 256.892921, 263.464414 ] }, { "date": "2026-01-02", "close": 252.899078, "volume": 3989059, "typical_volume": 7494522.1, "trend": 269.297421, "fair_value": 219.462069, "relative_strength": -14.000683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.872329, "energy": 20.232216, "activity_lines": [ 254.665047, 252.599205, 255.966465, 262.372171 ] }, { "date": "2026-01-09", "close": 253.39888, "volume": 4930345, "typical_volume": 7187142.75, "trend": 269.215733, "fair_value": 219.931563, "relative_strength": -14.956618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.732972, "energy": 18.639818, "activity_lines": [ 254.498445, 252.862735, 255.194462, 261.346459 ] }, { "date": "2026-01-16", "close": 256.397675, "volume": 5965222, "typical_volume": 7157839.0, "trend": 269.10075, "fair_value": 220.437545, "relative_strength": -14.498886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.851094, "energy": 16.36324, "activity_lines": [ 255.198161, 253.835072, 254.86488, 260.519487 ] }, { "date": "2026-01-23", "close": 259.396484, "volume": 6977800, "typical_volume": 7094334.0, "trend": 268.502738, "fair_value": 220.932057, "relative_strength": -12.3513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.887208, "energy": 12.200341, "activity_lines": [ 256.564281, 255.225425, 254.92061, 259.893405 ] }, { "date": "2026-01-30", "close": 254.898285, "volume": 5769204, "typical_volume": 6805155.5, "trend": 267.721472, "fair_value": 221.408605, "relative_strength": -14.181225, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.803688, "energy": 10.619286, "activity_lines": [ 256.064482, 255.498044, 254.642889, 259.015699 ] }, { "date": "2026-02-06", "close": 249.900284, "volume": 11477108, "typical_volume": 6909425.8, "trend": 266.05736, "fair_value": 221.897237, "relative_strength": -16.670345, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.900624, "energy": 19.770638, "activity_lines": [ 254.231883, 254.607491, 253.986499, 257.865945 ] }, { "date": "2026-02-13", "close": 254.898285, "volume": 11821986, "typical_volume": 7100199.1, "trend": 264.27668, "fair_value": 222.373785, "relative_strength": -15.31981, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.667241, "energy": 16.995456, "activity_lines": [ 254.265204, 254.707451, 253.917724, 257.146004 ] }, { "date": "2026-02-20", "close": 264.894287, "volume": 8218406, "typical_volume": 7064382.0, "trend": 262.829201, "fair_value": 222.915689, "relative_strength": -13.682835, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.481893, "energy": 2.982288, "activity_lines": [ 257.530565, 256.561255, 254.881624, 257.18585 ] }, { "date": "2026-02-27", "close": 252.899078, "volume": 17407306, "typical_volume": 7636847.95, "trend": 261.148452, "fair_value": 223.273272, "relative_strength": -18.932867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.223777, "energy": 10.874798, "activity_lines": [ 256.231083, 255.988756, 254.717403, 256.545197 ] }, { "date": "2026-03-06", "close": 258.896698, "volume": 22871309, "typical_volume": 8549657.35, "trend": 260.36721, "fair_value": 223.748594, "relative_strength": -11.661379, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.350311, "energy": 8.865481, "activity_lines": [ 257.363968, 256.524907, 255.174365, 256.399923 ] }, { "date": "2026-03-13", "close": 271.89151, "volume": 33347034, "typical_volume": 9955222.0, "trend": 260.252325, "fair_value": 224.398018, "relative_strength": -6.759008, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.328672, "energy": 27.070508, "activity_lines": [ 262.561896, 259.441927, 256.842747, 257.143426 ] }, { "date": "2026-03-20", "close": 270.39209, "volume": 21551240, "typical_volume": 10737651.2, "trend": 259.721009, "fair_value": 224.979641, "relative_strength": -3.815385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.424815, "energy": 38.474444, "activity_lines": [ 265.793935, 261.741007, 258.323108, 257.797604 ] }, { "date": "2026-03-27", "close": 265.89389, "volume": 20547958, "typical_volume": 11200777.45, "trend": 259.339577, "fair_value": 225.532429, "relative_strength": -5.606116, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.824408, "energy": 40.930942, "activity_lines": [ 266.493654, 262.913266, 259.336988, 258.195854 ] }, { "date": "2026-04-03", "close": 279.388519, "volume": 24455943, "typical_volume": 12162887.8, "trend": 259.341338, "fair_value": 226.169163, "relative_strength": -5.126637, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.604882, "energy": 64.377029, "activity_lines": [ 271.624943, 266.366435, 261.557531, 259.489335 ] }, { "date": "2026-04-10", "close": 289.799988, "volume": 17211888, "typical_volume": 12603175.35, "trend": 259.823403, "fair_value": 226.914996, "relative_strength": -2.960773, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.770892, "energy": 71.962983, "activity_lines": [ 278.460758, 271.349107, 264.595903, 261.454409 ] }, { "date": "2026-04-17", "close": 308.399994, "volume": 17731581, "typical_volume": 13159828.1, "trend": 260.992096, "fair_value": 227.783898, "relative_strength": 2.656868, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.442891, "energy": 84.313161, "activity_lines": [ 289.436357, 279.079022, 269.172865, 264.588382 ] }, { "date": "2026-04-24", "close": 308.399994, "volume": 17546727, "typical_volume": 13586084.6, "trend": 262.210758, "fair_value": 228.672632, "relative_strength": 5.547188, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.82302, "energy": 88.721889, "activity_lines": [ 297.978056, 285.745305, 273.492676, 267.646956 ] }, { "date": "2026-05-01", "close": 316.200012, "volume": 19758937, "typical_volume": 14212330.85, "trend": 263.820989, "fair_value": 229.595372, "relative_strength": 8.33728, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.95398, "energy": 91.186904, "activity_lines": [ 306.585901, 292.857016, 278.283917, 271.130134 ] }, { "date": "2026-05-08", "close": 317.200012, "volume": 11265438, "typical_volume": 14242734.9, "trend": 265.614493, "fair_value": 230.544995, "relative_strength": 10.092487, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.804248, "energy": 90.46886, "activity_lines": [ 312.173338, 299.217713, 282.861823, 274.573942 ] }, { "date": "2026-05-15", "close": 318.600006, "volume": 12020876, "typical_volume": 14743268.35, "trend": 267.787864, "fair_value": 231.535578, "relative_strength": 10.925823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.240031, "energy": 87.619707, "activity_lines": [ 315.706673, 304.663847, 287.271627, 277.992362 ] }, { "date": "2026-05-22", "close": 318.600006, "volume": 18567748, "typical_volume": 15472202.8, "trend": 269.661354, "fair_value": 232.595253, "relative_strength": 7.995258, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.400295, "energy": 79.514609, "activity_lines": [ 317.320007, 309.024466, 291.401889, 281.270565 ] }, { "date": "2026-05-29", "close": 305.600006, "volume": 12992300, "typical_volume": 15875300.55, "trend": 271.101511, "fair_value": 233.563918, "relative_strength": 4.194826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.293627, "energy": 59.07136, "activity_lines": [ 313.920007, 310.172203, 293.981194, 283.589188 ] }, { "date": "2026-06-05", "close": 316.2, "volume": 1680237, "typical_volume": 15661051.3, "trend": 273.328162, "fair_value": 234.599252, "relative_strength": 8.231541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.158845, "energy": 56.383537, "activity_lines": [ 314.240004, 312.607068, 297.321446, 286.498768 ] }, { "date": "2026-06-12", "close": 344.2, "volume": 1895733, "typical_volume": 15406947.95, "trend": 276.704726, "fair_value": 235.784006, "relative_strength": 16.335452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.337185, "energy": 69.678346, "activity_lines": [ 323.893336, 319.218185, 303.043592, 291.071144 ] }, { "date": "2026-06-19", "close": 344.6, "volume": 3379275, "typical_volume": 15287451.5, "trend": 280.161264, "fair_value": 237.001391, "relative_strength": 17.398179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.709631, "energy": 77.50246, "activity_lines": [ 331.880001, 324.72364, 308.400006, 295.451485 ] }, { "date": "2026-06-26", "close": 340.0, "volume": 1977181, "typical_volume": 14812455.15, "trend": 283.014647, "fair_value": 238.213599, "relative_strength": 14.171137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.935458, "energy": 85.737789, "activity_lines": [ 336.6, 328.396366, 312.891175, 299.312048 ] }, { "date": "2026-07-03", "close": 347.0, "volume": 820358, "typical_volume": 14262373.75, "trend": 286.201324, "fair_value": 239.508424, "relative_strength": 14.582283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.019086, "energy": 89.843986, "activity_lines": [ 342.226667, 332.767275, 317.619963, 303.440136 ] }, { "date": "2026-07-10", "close": 350.0, "volume": 9647256, "typical_volume": 14333816.25, "trend": 289.488001, "fair_value": 240.750188, "relative_strength": 17.58864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.967794, "energy": 88.107455, "activity_lines": [ 346.093333, 336.981819, 322.195887, 307.556179 ] }, { "date": "2026-07-17", "close": 350.4, "volume": 4425792, "typical_volume": 13684740.55, "trend": 292.704712, "fair_value": 241.958692, "relative_strength": 16.675561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.569813, "energy": 81.323691, "activity_lines": [ 347.84, 340.654546, 326.40464, 311.485985 ] }, { "date": "2026-07-24", "close": 350.0, "volume": 3813083, "typical_volume": 12731829.25, "trend": 295.708169, "fair_value": 243.183824, "relative_strength": 15.162507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.062975, "energy": 66.935746, "activity_lines": [ 349.04, 343.650909, 330.111008, 315.182456 ] }, { "date": "2026-07-31", "close": 342.6, "volume": 5478198, "typical_volume": 11338387.45, "trend": 298.698199, "fair_value": 244.364079, "relative_strength": 11.505281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.72342, "energy": 62.450816, "activity_lines": [ 347.413333, 344.730909, 332.678789, 318.207735 ] }, { "date": "2026-08-07", "close": 324.8, "volume": 9176425, "typical_volume": 10719646.7, "trend": 301.078237, "fair_value": 245.378413, "relative_strength": 5.481287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.144483, "energy": 40.648329, "activity_lines": [ 339.68, 342.138182, 333.214625, 319.891722 ] } ], "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." } } }