{ "ticker": { "uuid": "937b08d7-3692-4080-92ea-61536d69170a", "symbol": "FORTY", "name": "Formula Systems 1985 Ltd ADR", "exchange": "NASDAQ", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -60.786, "architecture_energy": 41.385, "architecture_maturity": 31.245, "architecture_confidence": 90.979, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 25.31, "rotation_up": 20.98, "upward_expansion": 4.97, "deceleration": 56.41, "rotation_down": 53.73, "downward_expansion": 78.31 }, "activity_lines": [ 109.65736, 110.082925, 115.946931, 117.293496 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 108.75, "trend_reference": 120.743559, "distance_from_trend": -0.099331, "trend_direction": "Weakening", "fair_value": 91.658209, "distance_from_fair_value": 0.186473, "fair_value_direction": "Weakening", "relative_strength": -25.682532, "relative_strength_direction": "Weakening", "price_momentum": -0.101432, "excess_performance": -0.288886, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.099331, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.097045, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.186473, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.356434, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.256825, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.162029, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.101432, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.825576, "read": "Supply-led" } ], "volume": { "latest": 1340, "relative_activity": 0.567004, "balance": 0.825576, "dry_up": 1.012779, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.077002, "annualized_volatility": 0.417427, "from_high_reference": -0.373898, "from_low_reference": 0.07864 }, "levels": { "trend_reference": 120.743559, "fair_value_reference": 91.658209, "structural_low": 100.821421, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.008416, "positive_rate": 0.47619, "directional_follow_through": 0.52381, "median_excess_return": -0.00214, "regime_survival": 0.809524, "best_return": 0.168576, "worst_return": -0.188062, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.063938, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.06525, "regime_survival": 0.571429, "best_return": 0.176857, "worst_return": -0.186811, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.014509, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.023755, "regime_survival": 0.5, "best_return": 0.378613, "worst_return": -0.199148, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.055077, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.211095, "regime_survival": 0.5, "best_return": 0.241917, "worst_return": -0.352071, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-08-23", "tenure": "Developing", "return": 0.056319, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-10-25", "tenure": "Developing", "return": 0.075932, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-01", "end": "2025-01-10", "tenure": "Developing", "return": -0.017172, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.071165, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-21", "tenure": "Developing", "return": -0.054203, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-28", "end": "2025-05-16", "tenure": "Developing", "return": 0.150578, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-08-08", "tenure": "Developing", "return": 0.114121, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": 0.049837, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-01-23", "tenure": "Established", "return": 0.201181, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-30", "end": "2026-01-30", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-03-20", "tenure": "Developing", "return": -0.014202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-05-29", "tenure": "Developing", "return": 0.160259, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.154762, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.016355, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 65.423564, "volume": 2372, "typical_volume": 1794.0, "trend": 62.470721, "fair_value": 76.701702, "relative_strength": -15.536182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.617757, "energy": 26.760253, "activity_lines": [ 66.513345, 66.583485, 64.926625, 63.354104 ] }, { "date": "2023-08-25", "close": 66.040679, "volume": 1413, "typical_volume": 1755.6, "trend": 62.409166, "fair_value": 76.622184, "relative_strength": -15.293044, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.796481, "energy": 29.019568, "activity_lines": [ 66.341093, 66.477265, 65.252996, 63.584424 ] }, { "date": "2023-09-01", "close": 66.120122, "volume": 1408, "typical_volume": 1698.45, "trend": 62.25852, "fair_value": 76.598831, "relative_strength": -17.330497, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.981384, "energy": 26.280916, "activity_lines": [ 66.372846, 66.403125, 65.538229, 63.82384 ] }, { "date": "2023-09-08", "close": 66.657883, "volume": 1980, "typical_volume": 1746.3, "trend": 62.281611, "fair_value": 76.571337, "relative_strength": -14.820843, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.346549, "energy": 22.305572, "activity_lines": [ 66.396929, 66.450166, 65.814027, 64.10767 ] }, { "date": "2023-09-15", "close": 65.011272, "volume": 726, "typical_volume": 1713.6, "trend": 62.321168, "fair_value": 76.533288, "relative_strength": -15.714666, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.248998, "energy": 18.976726, "activity_lines": [ 65.836879, 66.18027, 65.868023, 64.283777 ] }, { "date": "2023-09-22", "close": 63.668943, "volume": 608, "typical_volume": 1594.9, "trend": 62.436844, "fair_value": 76.520111, "relative_strength": -13.890308, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.862909, "energy": 10.271297, "activity_lines": [ 65.109625, 65.669801, 65.746089, 64.370731 ] }, { "date": "2023-09-29", "close": 66.270014, "volume": 700, "typical_volume": 1505.4, "trend": 62.651163, "fair_value": 76.481871, "relative_strength": -9.757693, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.376676, "energy": 12.831058, "activity_lines": [ 65.36637, 65.713693, 65.856184, 64.618032 ] }, { "date": "2023-10-06", "close": 64.850447, "volume": 1261, "typical_volume": 1474.5, "trend": 62.759625, "fair_value": 76.4271, "relative_strength": -12.567491, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.025272, "energy": 12.290233, "activity_lines": [ 65.134636, 65.543728, 65.812571, 64.759921 ] }, { "date": "2023-10-13", "close": 55.574761, "volume": 6032, "typical_volume": 1704.9, "trend": 62.756938, "fair_value": 76.315588, "relative_strength": -24.378011, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -40.876064, "energy": 45.060866, "activity_lines": [ 61.895653, 63.65938, 64.87639, 64.296382 ] }, { "date": "2023-10-20", "close": 54.657773, "volume": 2961, "typical_volume": 1728.0, "trend": 62.615927, "fair_value": 76.202549, "relative_strength": -22.639336, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.78137, "energy": 65.568648, "activity_lines": [ 59.089881, 61.800202, 63.874811, 63.773855 ] }, { "date": "2023-10-27", "close": 49.349823, "volume": 761, "typical_volume": 1657.8, "trend": 62.349242, "fair_value": 76.055485, "relative_strength": -27.548975, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -64.246566, "energy": 85.859538, "activity_lines": [ 55.205027, 59.240616, 62.392108, 62.917977 ] }, { "date": "2023-11-03", "close": 55.548309, "volume": 1694, "typical_volume": 1695.85, "trend": 62.340432, "fair_value": 75.922918, "relative_strength": -22.616202, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.677179, "energy": 75.721128, "activity_lines": [ 54.340942, 58.100277, 61.565992, 62.479207 ] }, { "date": "2023-11-10", "close": 52.241862, "volume": 859, "typical_volume": 1617.3, "trend": 62.30237, "fair_value": 75.822948, "relative_strength": -28.498523, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.295095, "energy": 87.761249, "activity_lines": [ 53.089488, 56.549537, 60.479558, 61.827687 ] }, { "date": "2023-11-17", "close": 52.347668, "volume": 3552, "typical_volume": 1682.9, "trend": 62.280241, "fair_value": 75.712778, "relative_strength": -28.998454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.618139, "energy": 86.117948, "activity_lines": [ 52.713876, 55.270365, 59.475419, 61.185448 ] }, { "date": "2023-11-24", "close": 52.682722, "volume": 2126, "typical_volume": 1768.4, "trend": 62.205908, "fair_value": 75.620801, "relative_strength": -28.462732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.458801, "energy": 60.845524, "activity_lines": [ 52.665087, 54.312299, 58.566736, 60.566253 ] }, { "date": "2023-12-01", "close": 53.617344, "volume": 1755, "typical_volume": 1717.75, "trend": 61.980706, "fair_value": 75.523937, "relative_strength": -26.523076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.468026, "energy": 57.390747, "activity_lines": [ 53.05951, 53.748319, 57.806685, 60.012152 ] }, { "date": "2023-12-08", "close": 52.700356, "volume": 3278, "typical_volume": 1810.35, "trend": 61.657953, "fair_value": 75.437512, "relative_strength": -27.436964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.222971, "energy": 53.881605, "activity_lines": [ 52.863768, 53.200371, 57.028496, 59.41342 ] }, { "date": "2023-12-15", "close": 51.805411, "volume": 618, "typical_volume": 1774.05, "trend": 61.287313, "fair_value": 75.343414, "relative_strength": -30.186599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.514357, "energy": 53.067208, "activity_lines": [ 52.559575, 52.736426, 56.24128, 58.777772 ] }, { "date": "2023-12-22", "close": 57.091318, "volume": 1094, "typical_volume": 1800.9, "trend": 61.184317, "fair_value": 75.264467, "relative_strength": -22.925203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.046488, "energy": 34.890536, "activity_lines": [ 54.046447, 53.470738, 56.012297, 58.507063 ] }, { "date": "2023-12-29", "close": 57.58508, "volume": 1284, "typical_volume": 1824.1, "trend": 61.111134, "fair_value": 75.168562, "relative_strength": -21.739503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.282773, "energy": 24.396675, "activity_lines": [ 55.381664, 54.267251, 55.873375, 58.274854 ] }, { "date": "2024-01-05", "close": 57.338199, "volume": 462, "typical_volume": 1728.6, "trend": 60.913629, "fair_value": 75.074337, "relative_strength": -18.698054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.938741, "energy": 23.797331, "activity_lines": [ 56.307763, 54.965653, 55.766321, 58.031439 ] }, { "date": "2024-01-12", "close": 56.615454, "volume": 1327, "typical_volume": 1724.3, "trend": 60.567122, "fair_value": 74.979287, "relative_strength": -21.328978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.607777, "energy": 28.185315, "activity_lines": [ 56.74489, 55.387403, 55.628936, 57.754137 ] }, { "date": "2024-01-19", "close": 56.262502, "volume": 1254, "typical_volume": 1716.6, "trend": 60.195625, "fair_value": 74.834654, "relative_strength": -23.02871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.732461, "energy": 19.578188, "activity_lines": [ 56.80336, 55.725578, 55.502818, 57.47642 ] }, { "date": "2024-01-26", "close": 58.228735, "volume": 2278, "typical_volume": 1731.5, "trend": 59.946833, "fair_value": 74.737979, "relative_strength": -20.005775, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.228101, "energy": 13.082521, "activity_lines": [ 57.220102, 56.348147, 55.610902, 57.349524 ] }, { "date": "2024-02-02", "close": 60.750452, "volume": 854, "typical_volume": 1737.9, "trend": 59.798413, "fair_value": 74.627555, "relative_strength": -16.707202, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.018563, "energy": 24.277288, "activity_lines": [ 58.401588, 57.322282, 55.999288, 57.40137 ] }, { "date": "2024-02-09", "close": 61.60572, "volume": 3027, "typical_volume": 1858.85, "trend": 59.580334, "fair_value": 74.525332, "relative_strength": -16.324921, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.595573, "energy": 53.217049, "activity_lines": [ 59.657138, 58.305233, 56.489417, 57.51797 ] }, { "date": "2024-02-16", "close": 61.60572, "volume": 838, "typical_volume": 1865.75, "trend": 59.34374, "fair_value": 74.430852, "relative_strength": -14.378378, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.355551, "energy": 64.53432, "activity_lines": [ 60.628187, 59.142942, 56.989372, 57.64864 ] }, { "date": "2024-02-23", "close": 64.894532, "volume": 1740, "typical_volume": 1889.7, "trend": 59.396349, "fair_value": 74.408853, "relative_strength": -10.480821, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.413517, "energy": 73.718367, "activity_lines": [ 62.362823, 60.416701, 57.824758, 58.006756 ] }, { "date": "2024-03-01", "close": 67.680765, "volume": 1601, "typical_volume": 1668.15, "trend": 59.448077, "fair_value": 74.36972, "relative_strength": -7.962947, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 63.625261, "energy": 83.825917, "activity_lines": [ 64.450734, 61.959063, 58.925289, 58.541234 ] }, { "date": "2024-03-08", "close": 68.60657, "volume": 1596, "typical_volume": 1599.9, "trend": 59.4278, "fair_value": 74.311915, "relative_strength": -4.651636, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 59.996917, "energy": 84.587898, "activity_lines": [ 66.217111, 63.477218, 60.056344, 59.132105 ] }, { "date": "2024-03-15", "close": 69.435386, "volume": 939, "typical_volume": 1608.8, "trend": 59.561527, "fair_value": 74.278725, "relative_strength": -2.095602, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.379087, "energy": 92.674563, "activity_lines": [ 67.736019, 64.945677, 61.199912, 59.777756 ] }, { "date": "2024-03-22", "close": 73.19151, "volume": 3114, "typical_volume": 1679.8, "trend": 59.799888, "fair_value": 74.243586, "relative_strength": 0.504031, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.369222, "energy": 96.43701, "activity_lines": [ 69.984991, 66.877118, 62.60556, 60.657109 ] }, { "date": "2024-03-29", "close": 73.19151, "volume": 1560, "typical_volume": 1714.85, "trend": 60.035601, "fair_value": 74.226107, "relative_strength": 1.220055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.081958, "energy": 93.990968, "activity_lines": [ 71.461577, 68.507176, 63.927193, 61.521085 ] }, { "date": "2024-04-05", "close": 69.314633, "volume": 3039, "typical_volume": 1689.2, "trend": 60.12416, "fair_value": 74.164366, "relative_strength": -3.150471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.875407, "energy": 80.332613, "activity_lines": [ 71.092738, 69.124548, 64.779839, 62.119732 ] }, { "date": "2024-04-12", "close": 70.469877, "volume": 2493, "typical_volume": 1707.55, "trend": 60.306113, "fair_value": 74.111397, "relative_strength": -0.949451, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.717767, "energy": 65.143797, "activity_lines": [ 71.000057, 69.750402, 65.661713, 62.787198 ] }, { "date": "2024-04-19", "close": 65.893334, "volume": 1349, "typical_volume": 1687.25, "trend": 60.38026, "fair_value": 74.027724, "relative_strength": -1.994362, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.267262, "energy": 48.538919, "activity_lines": [ 69.25764, 69.36744, 66.023026, 63.147664 ] }, { "date": "2024-04-26", "close": 66.470956, "volume": 911, "typical_volume": 1568.9, "trend": 60.386958, "fair_value": 73.937638, "relative_strength": -4.691823, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.824448, "energy": 34.012055, "activity_lines": [ 67.943902, 69.011544, 66.380893, 63.540612 ] }, { "date": "2024-05-03", "close": 68.248254, "volume": 1244, "typical_volume": 1600.2, "trend": 60.500218, "fair_value": 73.875349, "relative_strength": -2.786195, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.07866, "energy": 28.006326, "activity_lines": [ 67.670632, 68.890335, 66.842452, 64.047792 ] }, { "date": "2024-05-10", "close": 74.886463, "volume": 2115, "typical_volume": 1651.25, "trend": 61.143941, "fair_value": 73.878032, "relative_strength": 5.380864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.557016, "energy": 47.176943, "activity_lines": [ 69.93965, 69.915095, 67.857922, 64.975937 ] }, { "date": "2024-05-17", "close": 72.167197, "volume": 4552, "typical_volume": 1814.65, "trend": 61.727589, "fair_value": 73.867384, "relative_strength": -0.286376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.976726, "energy": 47.419078, "activity_lines": [ 70.93079, 70.314431, 68.529676, 65.687115 ] }, { "date": "2024-05-24", "close": 69.83005, "volume": 5144, "typical_volume": 2048.75, "trend": 62.410263, "fair_value": 73.837927, "relative_strength": -4.574608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.019802, "energy": 46.663896, "activity_lines": [ 71.029726, 70.224093, 68.909406, 66.209854 ] }, { "date": "2024-05-31", "close": 69.98112, "volume": 1087, "typical_volume": 2036.75, "trend": 62.891357, "fair_value": 73.807525, "relative_strength": -2.663095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.0721, "energy": 45.218446, "activity_lines": [ 70.916571, 70.154046, 69.244038, 66.698297 ] }, { "date": "2024-06-07", "close": 61.378996, "volume": 823, "typical_volume": 2015.2, "trend": 63.195928, "fair_value": 73.728542, "relative_strength": -16.412467, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -2.108825, "energy": 6.96157, "activity_lines": [ 67.702031, 68.578347, 68.695774, 66.600725 ] }, { "date": "2024-06-14", "close": 64.471495, "volume": 756, "typical_volume": 1939.1, "trend": 63.600055, "fair_value": 73.68798, "relative_strength": -14.669865, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 1.621278, "energy": 16.538983, "activity_lines": [ 65.976274, 67.779694, 68.41767, 66.68302 ] }, { "date": "2024-06-21", "close": 63.982738, "volume": 492, "typical_volume": 1921.0, "trend": 63.976723, "fair_value": 73.612565, "relative_strength": -14.934553, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.125912, "energy": 23.840068, "activity_lines": [ 64.78193, 66.980233, 68.06329, 66.707709 ] }, { "date": "2024-06-28", "close": 63.982738, "volume": 187, "typical_volume": 1779.0, "trend": 64.322236, "fair_value": 73.535072, "relative_strength": -14.403876, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.697084, "energy": 33.667813, "activity_lines": [ 64.133216, 66.298719, 67.693518, 66.708097 ] }, { "date": "2024-07-05", "close": 63.947192, "volume": 323, "typical_volume": 1753.25, "trend": 64.69713, "fair_value": 73.462436, "relative_strength": -16.875042, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.829539, "energy": 46.433644, "activity_lines": [ 63.862474, 65.645481, 67.309042, 66.683901 ] }, { "date": "2024-07-12", "close": 69.892255, "volume": 1387, "typical_volume": 1735.6, "trend": 65.300025, "fair_value": 73.438026, "relative_strength": -8.449433, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.751821, "energy": 15.456163, "activity_lines": [ 65.975682, 66.119051, 67.479613, 67.01907 ] }, { "date": "2024-07-19", "close": 71.278548, "volume": 569, "typical_volume": 1684.0, "trend": 65.772933, "fair_value": 73.421408, "relative_strength": -2.370899, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.121228, "energy": 27.429993, "activity_lines": [ 67.983437, 66.814782, 67.758412, 67.404781 ] }, { "date": "2024-07-26", "close": 77.40134, "volume": 1057, "typical_volume": 1657.05, "trend": 66.433475, "fair_value": 73.433595, "relative_strength": 8.812355, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 80.074387, "energy": 58.237655, "activity_lines": [ 71.578319, 68.689347, 68.603203, 68.155001 ] }, { "date": "2024-08-02", "close": 65.315712, "volume": 17885, "typical_volume": 2504.35, "trend": 66.699392, "fair_value": 73.350047, "relative_strength": -4.870241, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.406173, "energy": 33.470507, "activity_lines": [ 70.250084, 68.271359, 68.255101, 68.082887 ] }, { "date": "2024-08-09", "close": 67.261854, "volume": 3430, "typical_volume": 2520.15, "trend": 67.054272, "fair_value": 73.2746, "relative_strength": -1.891764, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.57639, "energy": 26.429629, "activity_lines": [ 69.481699, 68.289294, 68.111964, 68.119175 ] }, { "date": "2024-08-16", "close": 69.581228, "volume": 1489, "typical_volume": 2516.6, "trend": 67.498229, "fair_value": 73.217083, "relative_strength": -3.311195, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.915743, "energy": 24.173613, "activity_lines": [ 69.265461, 68.778374, 68.217955, 68.282205 ] }, { "date": "2024-08-23", "close": 67.586211, "volume": 377, "typical_volume": 2383.5, "trend": 67.810145, "fair_value": 73.12403, "relative_strength": -6.559251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.06975, "energy": 12.411458, "activity_lines": [ 68.404953, 68.755592, 68.151138, 68.287881 ] }, { "date": "2024-08-30", "close": 68.292687, "volume": 468, "typical_volume": 2282.25, "trend": 68.061553, "fair_value": 73.034648, "relative_strength": -4.441505, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.973988, "energy": 5.587498, "activity_lines": [ 68.026092, 68.804629, 68.159834, 68.319013 ] }, { "date": "2024-09-06", "close": 69.945574, "volume": 847, "typical_volume": 2257.15, "trend": 68.339548, "fair_value": 72.932271, "relative_strength": 4.211168, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.294863, "energy": 6.250497, "activity_lines": [ 68.805437, 69.075829, 68.336315, 68.440562 ] }, { "date": "2024-09-13", "close": 68.891479, "volume": 1903, "typical_volume": 2306.75, "trend": 68.582407, "fair_value": 72.828704, "relative_strength": -2.718671, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.89005, "energy": 4.343157, "activity_lines": [ 68.92476, 69.04696, 68.39311, 68.476171 ] }, { "date": "2024-09-20", "close": 63.175995, "volume": 1332, "typical_volume": 2311.15, "trend": 68.525122, "fair_value": 72.66805, "relative_strength": -11.555439, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.102986, "energy": 34.535447, "activity_lines": [ 67.03028, 67.889015, 67.894047, 68.12737 ] }, { "date": "2024-09-27", "close": 71.525301, "volume": 6363, "typical_volume": 2523.55, "trend": 68.653273, "fair_value": 72.585285, "relative_strength": -0.384475, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -11.2243, "energy": 4.33454, "activity_lines": [ 68.345917, 68.371241, 68.21431, 68.32093 ] }, { "date": "2024-10-04", "close": 69.482745, "volume": 2499, "typical_volume": 2420.9, "trend": 68.682479, "fair_value": 72.485894, "relative_strength": -2.880835, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.934537, "energy": 4.29289, "activity_lines": [ 68.718096, 68.477605, 68.356049, 68.374444 ] }, { "date": "2024-10-11", "close": 66.49058, "volume": 642, "typical_volume": 2195.8, "trend": 68.584319, "fair_value": 72.320691, "relative_strength": -7.97895, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.906483, "energy": 19.781205, "activity_lines": [ 68.01355, 68.183915, 68.225603, 68.233031 ] }, { "date": "2024-10-18", "close": 69.876923, "volume": 990, "typical_volume": 2190.95, "trend": 68.473833, "fair_value": 72.177252, "relative_strength": -3.33329, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.577623, "energy": 12.263402, "activity_lines": [ 68.668118, 68.484562, 68.433568, 68.316425 ] }, { "date": "2024-10-25", "close": 73.478272, "volume": 1150, "typical_volume": 2207.3, "trend": 68.483392, "fair_value": 72.050614, "relative_strength": 1.414934, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.245556, "energy": 45.227905, "activity_lines": [ 70.457439, 69.392452, 68.985015, 68.639292 ] }, { "date": "2024-11-01", "close": 75.646248, "volume": 5981, "typical_volume": 2468.55, "trend": 68.694445, "fair_value": 71.925637, "relative_strength": 6.054072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.898997, "energy": 64.676609, "activity_lines": [ 72.2826, 70.623665, 69.68532, 69.101412 ] }, { "date": "2024-11-08", "close": 78.387574, "volume": 1733, "typical_volume": 2530.6, "trend": 68.958369, "fair_value": 71.762838, "relative_strength": 4.004186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.413517, "energy": 81.253227, "activity_lines": [ 74.746807, 72.206755, 70.593491, 69.726775 ] }, { "date": "2024-11-15", "close": 71.713432, "volume": 3495, "typical_volume": 2696.0, "trend": 69.152372, "fair_value": 71.544855, "relative_strength": -1.586227, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.514925, "energy": 68.953136, "activity_lines": [ 74.392644, 72.392821, 70.797435, 69.904521 ] }, { "date": "2024-11-22", "close": 74.114331, "volume": 907, "typical_volume": 2725.2, "trend": 69.407151, "fair_value": 71.370042, "relative_strength": -0.280742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.812592, "energy": 64.427243, "activity_lines": [ 74.490592, 72.983271, 71.193222, 70.224648 ] }, { "date": "2024-11-29", "close": 76.371893, "volume": 806, "typical_volume": 2696.15, "trend": 69.677939, "fair_value": 71.21885, "relative_strength": 1.808838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.824621, "energy": 54.141933, "activity_lines": [ 75.058565, 73.889226, 71.755601, 70.673986 ] }, { "date": "2024-12-06", "close": 80.000118, "volume": 1321, "typical_volume": 2733.75, "trend": 69.848394, "fair_value": 71.056687, "relative_strength": 3.030408, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.700713, "energy": 50.414393, "activity_lines": [ 76.64304, 75.214933, 72.63267, 71.339933 ] }, { "date": "2024-12-13", "close": 86.450295, "volume": 718, "typical_volume": 2716.8, "trend": 70.324497, "fair_value": 70.950919, "relative_strength": 9.996013, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.151095, "energy": 82.933675, "activity_lines": [ 80.087315, 77.559312, 74.08251, 72.411023 ] }, { "date": "2024-12-20", "close": 83.628343, "volume": 1236, "typical_volume": 1884.35, "trend": 70.784441, "fair_value": 70.826179, "relative_strength": 8.548107, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.994378, "energy": 85.581422, "activity_lines": [ 82.053424, 79.082108, 75.220503, 73.269336 ] }, { "date": "2024-12-27", "close": 83.628343, "volume": 186, "typical_volume": 1722.15, "trend": 71.239348, "fair_value": 70.678952, "relative_strength": 7.308477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.405578, "energy": 88.324724, "activity_lines": [ 83.225207, 80.293308, 76.271292, 74.097975 ] }, { "date": "2025-01-03", "close": 74.356213, "volume": 1615, "typical_volume": 1728.45, "trend": 71.671922, "fair_value": 70.490035, "relative_strength": -3.832178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.670605, "energy": 66.365971, "activity_lines": [ 80.672012, 79.56864, 76.361086, 74.299063 ] }, { "date": "2025-01-10", "close": 74.347254, "volume": 5312, "typical_volume": 1975.2, "trend": 72.001114, "fair_value": 70.320629, "relative_strength": -1.779801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.343049, "energy": 30.085792, "activity_lines": [ 78.250209, 78.826381, 76.427288, 74.471665 ] }, { "date": "2025-01-17", "close": 80.062828, "volume": 1426, "typical_volume": 2023.1, "trend": 72.537117, "fair_value": 70.233113, "relative_strength": 2.569208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.172464, "energy": 23.936036, "activity_lines": [ 78.110455, 79.146935, 77.005636, 74.991775 ] }, { "date": "2025-01-24", "close": 77.921727, "volume": 1608, "typical_volume": 2061.15, "trend": 73.00175, "fair_value": 70.136778, "relative_strength": -1.773491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.385894, "energy": 25.668266, "activity_lines": [ 77.682832, 79.047739, 77.32402, 75.33917 ] }, { "date": "2025-01-31", "close": 81.765764, "volume": 7489, "typical_volume": 2340.45, "trend": 73.595702, "fair_value": 70.028485, "relative_strength": 4.331781, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.560617, "energy": 26.452427, "activity_lines": [ 78.916996, 79.534581, 77.970522, 75.90459 ] }, { "date": "2025-02-07", "close": 85.760485, "volume": 5530, "typical_volume": 2550.35, "trend": 74.124643, "fair_value": 69.981847, "relative_strength": 8.986926, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.773715, "energy": 49.065764, "activity_lines": [ 81.606905, 80.608619, 78.936168, 76.689414 ] }, { "date": "2025-02-14", "close": 88.799952, "volume": 6130, "typical_volume": 2538.7, "trend": 74.70869, "fair_value": 69.937881, "relative_strength": 9.361211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.289349, "energy": 76.077433, "activity_lines": [ 84.549685, 82.064585, 80.083741, 77.636209 ] }, { "date": "2025-02-21", "close": 89.379751, "volume": 1100, "typical_volume": 2468.75, "trend": 75.10797, "fair_value": 69.950436, "relative_strength": 12.30814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.467984, "energy": 83.86907, "activity_lines": [ 86.722218, 83.465973, 81.204273, 78.582729 ] }, { "date": "2025-02-28", "close": 84.739207, "volume": 1977, "typical_volume": 2535.5, "trend": 75.75542, "fair_value": 69.936661, "relative_strength": 10.034453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.47418, "energy": 75.664162, "activity_lines": [ 86.726775, 83.970362, 81.7881, 79.204099 ] }, { "date": "2025-03-07", "close": 81.747041, "volume": 1406, "typical_volume": 2556.3, "trend": 76.23826, "fair_value": 69.895383, "relative_strength": 9.55913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.87668, "energy": 53.847289, "activity_lines": [ 85.279445, 83.910523, 82.000062, 79.590655 ] }, { "date": "2025-03-14", "close": 88.985574, "volume": 1424, "typical_volume": 2570.0, "trend": 76.885071, "fair_value": 69.890033, "relative_strength": 21.896991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.439816, "energy": 49.168056, "activity_lines": [ 86.246207, 85.200987, 82.844883, 80.413062 ] }, { "date": "2025-03-21", "close": 83.986686, "volume": 8069, "typical_volume": 2674.4, "trend": 77.431754, "fair_value": 69.844702, "relative_strength": 14.622903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.631689, "energy": 32.560264, "activity_lines": [ 85.331668, 85.316574, 83.139775, 80.871231 ] }, { "date": "2025-03-28", "close": 80.134497, "volume": 8346, "typical_volume": 3005.05, "trend": 77.826481, "fair_value": 69.79893, "relative_strength": 11.906414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.570265, "energy": 16.55256, "activity_lines": [ 83.453949, 84.556501, 83.028075, 81.045602 ] }, { "date": "2025-04-04", "close": 75.403291, "volume": 7120, "typical_volume": 3186.3, "trend": 78.008405, "fair_value": 69.730105, "relative_strength": 16.531941, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.919881, "energy": 10.483234, "activity_lines": [ 80.615513, 82.934905, 82.457466, 80.889267 ] }, { "date": "2025-04-11", "close": 78.235278, "volume": 5839, "typical_volume": 3432.9, "trend": 78.319865, "fair_value": 69.673465, "relative_strength": 12.31898, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.012274, "energy": 18.159512, "activity_lines": [ 79.343466, 81.874005, 82.138999, 80.903904 ] }, { "date": "2025-04-18", "close": 77.668648, "volume": 4305, "typical_volume": 3607.85, "trend": 78.802953, "fair_value": 69.627695, "relative_strength": 13.877183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.984236, "energy": 29.428304, "activity_lines": [ 78.11666, 80.774273, 81.746944, 80.86189 ] }, { "date": "2025-04-25", "close": 81.720165, "volume": 1746, "typical_volume": 3629.1, "trend": 79.142782, "fair_value": 69.612508, "relative_strength": 12.351482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.850915, "energy": 23.406007, "activity_lines": [ 78.994822, 80.558304, 81.734573, 81.050097 ] }, { "date": "2025-05-02", "close": 78.773293, "volume": 1813, "typical_volume": 3683.85, "trend": 79.452467, "fair_value": 69.611659, "relative_strength": 4.649987, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.258625, "energy": 18.980741, "activity_lines": [ 79.041794, 79.935264, 81.433356, 81.026259 ] }, { "date": "2025-05-09", "close": 87.930281, "volume": 2717, "typical_volume": 3757.9, "trend": 80.167124, "fair_value": 69.658563, "relative_strength": 16.878372, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.345479, "energy": 20.068641, "activity_lines": [ 82.231843, 81.169976, 82.040791, 81.573215 ] }, { "date": "2025-05-16", "close": 92.20097, "volume": 1028, "typical_volume": 3800.0, "trend": 80.911258, "fair_value": 69.739121, "relative_strength": 14.443606, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.236673, "energy": 43.194793, "activity_lines": [ 86.010322, 83.123156, 83.034472, 82.349592 ] }, { "date": "2025-05-23", "close": 88.280415, "volume": 1761, "typical_volume": 3807.3, "trend": 81.404663, "fair_value": 69.782712, "relative_strength": 11.939537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.525355, "energy": 49.920713, "activity_lines": [ 87.550903, 84.173438, 83.613946, 82.825021 ] }, { "date": "2025-05-30", "close": 99.598416, "volume": 1513, "typical_volume": 3617.35, "trend": 82.203069, "fair_value": 69.904106, "relative_strength": 23.343501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.766702, "energy": 78.510603, "activity_lines": [ 92.1567, 87.294358, 85.205018, 83.998812 ] }, { "date": "2025-06-06", "close": 99.598416, "volume": 404, "typical_volume": 3566.25, "trend": 82.910097, "fair_value": 70.042474, "relative_strength": 20.017765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.491185, "energy": 84.096365, "activity_lines": [ 95.570614, 90.131429, 86.675847, 85.121092 ] }, { "date": "2025-06-13", "close": 92.354895, "volume": 2517, "typical_volume": 3611.7, "trend": 83.598146, "fair_value": 70.151765, "relative_strength": 11.368655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.776083, "energy": 75.238406, "activity_lines": [ 95.181679, 91.297607, 87.36379, 85.730434 ] }, { "date": "2025-06-20", "close": 102.314737, "volume": 4215, "typical_volume": 3448.0, "trend": 84.538159, "fair_value": 70.269706, "relative_strength": 22.508934, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.430081, "energy": 82.957285, "activity_lines": [ 97.817717, 93.966454, 88.93156, 86.937956 ] }, { "date": "2025-06-27", "close": 102.314737, "volume": 745, "typical_volume": 3208.75, "trend": 85.402921, "fair_value": 70.421764, "relative_strength": 16.88417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.670774, "energy": 82.265636, "activity_lines": [ 99.779504, 96.197493, 90.401478, 88.084832 ] }, { "date": "2025-07-04", "close": 122.198203, "volume": 2344, "typical_volume": 3019.45, "trend": 86.809523, "fair_value": 70.655717, "relative_strength": 36.082346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.915708, "energy": 93.795026, "activity_lines": [ 107.433492, 101.595597, 93.686229, 90.458721 ] }, { "date": "2025-07-11", "close": 121.229411, "volume": 1820, "typical_volume": 3055.45, "trend": 87.968827, "fair_value": 70.86079, "relative_strength": 34.268648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.041732, "energy": 95.757712, "activity_lines": [ 113.257896, 106.081592, 96.719676, 92.679359 ] }, { "date": "2025-07-18", "close": 116.179026, "volume": 4554, "typical_volume": 3184.3, "trend": 89.05385, "fair_value": 71.019319, "relative_strength": 26.21951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.889819, "energy": 88.166209, "activity_lines": [ 115.956773, 108.877406, 99.120468, 94.499372 ] }, { "date": "2025-07-25", "close": 115.369893, "volume": 4809, "typical_volume": 3354.45, "trend": 90.111902, "fair_value": 71.184441, "relative_strength": 23.693458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.201034, "energy": 87.532953, "activity_lines": [ 116.797663, 111.012492, 101.294486, 96.197181 ] }, { "date": "2025-08-01", "close": 104.968434, "volume": 3389, "typical_volume": 3452.7, "trend": 91.132309, "fair_value": 71.318059, "relative_strength": 14.502389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.636689, "energy": 60.838137, "activity_lines": [ 113.301056, 110.83515, 102.317781, 97.155667 ] }, { "date": "2025-08-08", "close": 98.355105, "volume": 1879, "typical_volume": 3143.2, "trend": 91.932571, "fair_value": 71.371501, "relative_strength": 3.176617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.424288, "energy": 38.652291, "activity_lines": [ 107.423094, 109.151966, 102.635126, 97.621654 ] }, { "date": "2025-08-15", "close": 111.736195, "volume": 2499, "typical_volume": 2850.85, "trend": 92.98835, "fair_value": 71.515914, "relative_strength": 16.025372, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.832118, "energy": 31.130642, "activity_lines": [ 107.595034, 109.924313, 104.158439, 98.899307 ] }, { "date": "2025-08-22", "close": 116.922208, "volume": 2705, "typical_volume": 2630.1, "trend": 94.288366, "fair_value": 71.695821, "relative_strength": 21.669013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.020861, "energy": 35.230595, "activity_lines": [ 110.128526, 111.418885, 106.025174, 100.443427 ] }, { "date": "2025-08-29", "close": 117.304837, "volume": 1557, "typical_volume": 2416.0, "trend": 95.473002, "fair_value": 71.888849, "relative_strength": 21.548066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.250151, "energy": 48.582883, "activity_lines": [ 112.740016, 112.536347, 107.730641, 101.928361 ] }, { "date": "2025-09-05", "close": 124.266456, "volume": 2815, "typical_volume": 2341.5, "trend": 96.756534, "fair_value": 72.154618, "relative_strength": 26.647664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.338688, "energy": 64.832493, "activity_lines": [ 117.54305, 114.647011, 109.913073, 103.786003 ] }, { "date": "2025-09-12", "close": 135.436987, "volume": 2282, "typical_volume": 2368.3, "trend": 98.311102, "fair_value": 72.505774, "relative_strength": 34.248033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.569829, "energy": 91.469449, "activity_lines": [ 124.783059, 118.389558, 112.937472, 106.281516 ] }, { "date": "2025-09-19", "close": 125.740374, "volume": 2243, "typical_volume": 2389.8, "trend": 99.523123, "fair_value": 72.84228, "relative_strength": 20.941167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.582903, "energy": 82.605064, "activity_lines": [ 126.318738, 120.12838, 114.782589, 108.051146 ] }, { "date": "2025-09-26", "close": 122.646372, "volume": 2490, "typical_volume": 2378.45, "trend": 100.786695, "fair_value": 73.170954, "relative_strength": 17.740696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.356413, "energy": 72.827881, "activity_lines": [ 125.889471, 121.222638, 116.109386, 109.542969 ] }, { "date": "2025-10-03", "close": 122.555529, "volume": 1885, "typical_volume": 2421.3, "trend": 102.146978, "fair_value": 73.509826, "relative_strength": 15.486768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.292297, "energy": 60.7015, "activity_lines": [ 125.048312, 122.182791, 117.262217, 110.94741 ] }, { "date": "2025-10-10", "close": 133.379405, "volume": 3578, "typical_volume": 2512.15, "trend": 103.626772, "fair_value": 73.923249, "relative_strength": 27.339622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.372796, "energy": 55.68693, "activity_lines": [ 127.465066, 124.980274, 119.301348, 112.962405 ] }, { "date": "2025-10-17", "close": 130.789894, "volume": 1254, "typical_volume": 2499.2, "trend": 105.186879, "fair_value": 74.314349, "relative_strength": 20.909, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.149594, "energy": 52.030409, "activity_lines": [ 128.41112, 126.790374, 120.879101, 114.714865 ] }, { "date": "2025-10-24", "close": 129.2039, "volume": 887, "typical_volume": 2523.35, "trend": 106.822526, "fair_value": 74.70134, "relative_strength": 16.142561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.064608, "energy": 49.768105, "activity_lines": [ 129.138315, 127.722387, 122.157277, 116.26435 ] }, { "date": "2025-10-31", "close": 127.60879, "volume": 1271, "typical_volume": 2461.05, "trend": 108.562709, "fair_value": 75.08594, "relative_strength": 11.966646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.816077, "energy": 49.419187, "activity_lines": [ 129.102905, 128.046786, 123.142559, 117.605399 ] }, { "date": "2025-11-07", "close": 134.217102, "volume": 850, "typical_volume": 2292.8, "trend": 110.42877, "fair_value": 75.490675, "relative_strength": 20.642299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.718061, "energy": 51.818551, "activity_lines": [ 130.939438, 129.378395, 124.589328, 119.260521 ] }, { "date": "2025-11-14", "close": 144.47138, "volume": 2098, "typical_volume": 2360.45, "trend": 112.655528, "fair_value": 75.972116, "relative_strength": 28.796963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.124161, "energy": 73.180303, "activity_lines": [ 135.416625, 132.266922, 126.860779, 121.456819 ] }, { "date": "2025-11-21", "close": 136.49583, "volume": 1610, "typical_volume": 2323.75, "trend": 114.481383, "fair_value": 76.417963, "relative_strength": 24.470164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.11703, "energy": 56.760023, "activity_lines": [ 136.49583, 133.337987, 128.171908, 122.994903 ] }, { "date": "2025-11-28", "close": 136.49583, "volume": 522, "typical_volume": 2258.85, "trend": 116.405468, "fair_value": 76.849696, "relative_strength": 17.754463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.156506, "energy": 58.833133, "activity_lines": [ 137.19464, 134.3898, 129.414953, 124.41519 ] }, { "date": "2025-12-05", "close": 153.95089, "volume": 1981, "typical_volume": 2130.2, "trend": 118.606155, "fair_value": 77.413819, "relative_strength": 30.240698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.509116, "energy": 81.862901, "activity_lines": [ 143.225675, 138.419706, 132.247688, 126.837475 ] }, { "date": "2025-12-12", "close": 159.232071, "volume": 1407, "typical_volume": 1960.1, "trend": 120.840525, "fair_value": 78.018629, "relative_strength": 35.988168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.73616, "energy": 89.95418, "activity_lines": [ 149.260963, 142.840655, 135.403526, 129.458502 ] }, { "date": "2025-12-19", "close": 162.33661, "volume": 1826, "typical_volume": 1881.95, "trend": 123.309064, "fair_value": 78.639475, "relative_strength": 36.479878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.846475, "energy": 92.981376, "activity_lines": [ 154.663433, 147.159219, 138.646167, 132.135669 ] }, { "date": "2025-12-26", "close": 173.693701, "volume": 714, "typical_volume": 1823.7, "trend": 125.778907, "fair_value": 79.355862, "relative_strength": 42.572031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.391301, "energy": 95.67416, "activity_lines": [ 162.660585, 153.016213, 142.697254, 135.38629 ] }, { "date": "2026-01-02", "close": 152.694901, "volume": 1576, "typical_volume": 1777.55, "trend": 127.54879, "fair_value": 79.916498, "relative_strength": 26.232735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.153396, "energy": 82.883827, "activity_lines": [ 161.178278, 154.275175, 144.3897, 137.122806 ] }, { "date": "2026-01-09", "close": 155.41931, "volume": 1557, "typical_volume": 1720.15, "trend": 129.650937, "fair_value": 80.475361, "relative_strength": 24.489008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.539142, "energy": 64.556387, "activity_lines": [ 159.52417, 155.602375, 146.146572, 138.920904 ] }, { "date": "2026-01-16", "close": 155.428453, "volume": 812, "typical_volume": 1682.9, "trend": 131.421394, "fair_value": 81.028849, "relative_strength": 24.423954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.660825, "energy": 58.441493, "activity_lines": [ 157.775215, 156.425592, 147.720995, 140.58397 ] }, { "date": "2026-01-23", "close": 149.266534, "volume": 951, "typical_volume": 1589.7, "trend": 132.986454, "fair_value": 81.55051, "relative_strength": 18.173074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.564314, "energy": 34.351247, "activity_lines": [ 154.225861, 155.742798, 148.527028, 141.735269 ] }, { "date": "2026-01-30", "close": 151.46526, "volume": 2104, "typical_volume": 1580.8, "trend": 133.962023, "fair_value": 82.068624, "relative_strength": 19.104016, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.389526, "energy": 28.098239, "activity_lines": [ 152.280754, 155.372589, 149.423415, 142.92745 ] }, { "date": "2026-02-06", "close": 121.025931, "volume": 1879, "typical_volume": 1562.6, "trend": 133.95524, "fair_value": 82.421578, "relative_strength": -3.23083, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -6.101464, "energy": 20.246517, "activity_lines": [ 141.671101, 149.195784, 147.344494, 142.092864 ] }, { "date": "2026-02-13", "close": 108.473536, "volume": 2256, "typical_volume": 1550.9, "trend": 133.698391, "fair_value": 82.707789, "relative_strength": -12.271777, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -49.108827, "energy": 50.034686, "activity_lines": [ 128.98858, 141.017997, 144.092556, 140.448883 ] }, { "date": "2026-02-20", "close": 110.34771, "volume": 841, "typical_volume": 1498.7, "trend": 133.530985, "fair_value": 83.029258, "relative_strength": -11.852684, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.506145, "energy": 73.937855, "activity_lines": [ 120.060503, 134.007829, 141.0866, 138.942387 ] }, { "date": "2026-02-27", "close": 105.895404, "volume": 1605, "typical_volume": 1400.05, "trend": 133.561883, "fair_value": 83.324482, "relative_strength": -15.251294, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.688073, "energy": 79.706152, "activity_lines": [ 112.653706, 127.076958, 137.714748, 137.159446 ] }, { "date": "2026-03-06", "close": 117.204445, "volume": 2048, "typical_volume": 1439.75, "trend": 134.190195, "fair_value": 83.680942, "relative_strength": -5.272503, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.647902, "energy": 78.090419, "activity_lines": [ 111.907998, 123.22848, 135.550824, 136.104128 ] }, { "date": "2026-03-13", "close": 115.193136, "volume": 821, "typical_volume": 1436.45, "trend": 134.305426, "fair_value": 84.062595, "relative_strength": -6.018848, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.902387, "energy": 73.481577, "activity_lines": [ 112.775909, 120.041387, 133.260039, 134.878511 ] }, { "date": "2026-03-20", "close": 119.307176, "volume": 2332, "typical_volume": 1489.5, "trend": 134.384925, "fair_value": 84.449896, "relative_strength": -0.983945, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.834209, "energy": 57.408021, "activity_lines": [ 115.404018, 118.284152, 131.427785, 133.910882 ] }, { "date": "2026-03-27", "close": 114.233102, "volume": 2224, "typical_volume": 1558.2, "trend": 134.282534, "fair_value": 84.814529, "relative_strength": -2.318511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.566994, "energy": 51.40984, "activity_lines": [ 115.618528, 116.260941, 129.151817, 132.610764 ] }, { "date": "2026-04-03", "close": 114.118914, "volume": 3145, "typical_volume": 1610.55, "trend": 133.944283, "fair_value": 85.188288, "relative_strength": -6.290041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.914255, "energy": 47.080666, "activity_lines": [ 115.535948, 114.965976, 126.960137, 131.309886 ] }, { "date": "2026-04-10", "close": 110.905391, "volume": 946, "typical_volume": 1577.35, "trend": 133.126563, "fair_value": 85.557016, "relative_strength": -12.885554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.140171, "energy": 49.328957, "activity_lines": [ 113.83396, 113.725781, 124.606942, 129.823506 ] }, { "date": "2026-04-17", "close": 124.061179, "volume": 3850, "typical_volume": 1743.75, "trend": 133.07059, "fair_value": 86.012463, "relative_strength": -8.35679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.31982, "energy": 37.24605, "activity_lines": [ 116.937172, 115.615, 123.628538, 129.238642 ] }, { "date": "2026-04-24", "close": 128.906604, "volume": 1365, "typical_volume": 1712.95, "trend": 133.279264, "fair_value": 86.486783, "relative_strength": -7.007496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.629404, "energy": 24.267179, "activity_lines": [ 121.064323, 118.330019, 123.170817, 128.969998 ] }, { "date": "2026-05-01", "close": 121.117354, "volume": 1361, "typical_volume": 1710.65, "trend": 133.231325, "fair_value": 86.876167, "relative_strength": -14.099415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.178246, "energy": 22.514243, "activity_lines": [ 121.955095, 119.257301, 122.09052, 128.185359 ] }, { "date": "2026-05-08", "close": 134.757684, "volume": 2369, "typical_volume": 1737.8, "trend": 133.277267, "fair_value": 87.340108, "relative_strength": -9.479676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.048281, "energy": 21.563427, "activity_lines": [ 126.933693, 122.468831, 122.490801, 128.283833 ] }, { "date": "2026-05-15", "close": 129.308866, "volume": 2286, "typical_volume": 1816.4, "trend": 133.2279, "fair_value": 87.765647, "relative_strength": -12.897607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.1426, "energy": 21.956547, "activity_lines": [ 128.720101, 124.164897, 122.503475, 128.027807 ] }, { "date": "2026-05-22", "close": 139.05, "volume": 2836, "typical_volume": 1879.4, "trend": 133.556103, "fair_value": 88.271217, "relative_strength": -7.62776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.117652, "energy": 28.064932, "activity_lines": [ 132.526655, 127.411999, 123.655233, 128.403427 ] }, { "date": "2026-05-29", "close": 132.54, "volume": 2895, "typical_volume": 1946.3, "trend": 133.720477, "fair_value": 88.737623, "relative_strength": -14.326829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.264843, "energy": 26.246401, "activity_lines": [ 133.163955, 129.041703, 124.251966, 128.337872 ] }, { "date": "2026-06-05", "close": 126.0, "volume": 1620, "typical_volume": 1986.7, "trend": 133.446573, "fair_value": 89.139781, "relative_strength": -14.635498, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.253615, "energy": 21.416257, "activity_lines": [ 131.379028, 129.24172, 124.334792, 127.839777 ] }, { "date": "2026-06-12", "close": 117.5, "volume": 3531, "typical_volume": 2115.7, "trend": 132.547527, "fair_value": 89.463431, "relative_strength": -22.097701, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.572645, "energy": 16.461425, "activity_lines": [ 126.435258, 127.682338, 123.748229, 126.810965 ] }, { "date": "2026-06-19", "close": 112.9, "volume": 2070, "typical_volume": 2114.0, "trend": 131.761, "fair_value": 89.75505, "relative_strength": -26.810084, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.893915, "energy": 33.955913, "activity_lines": [ 121.108667, 125.225118, 122.87484, 125.543383 ] }, { "date": "2026-06-26", "close": 106.5, "volume": 2063, "typical_volume": 2123.2, "trend": 130.761139, "fair_value": 90.016637, "relative_strength": -27.461451, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.777351, "energy": 53.034388, "activity_lines": [ 114.742667, 121.567997, 121.575571, 123.913641 ] }, { "date": "2026-07-03", "close": 107.0, "volume": 1946, "typical_volume": 2107.7, "trend": 129.196109, "fair_value": 90.284566, "relative_strength": -27.26921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.422712, "energy": 73.774616, "activity_lines": [ 110.713333, 118.321079, 120.393093, 122.380664 ] }, { "date": "2026-07-10", "close": 111.03, "volume": 3185, "typical_volume": 2224.9, "trend": 127.589373, "fair_value": 90.55945, "relative_strength": -25.41071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.042654, "energy": 71.990078, "activity_lines": [ 109.73, 116.205189, 119.60144, 121.208657 ] }, { "date": "2026-07-17", "close": 108.0, "volume": 1363, "typical_volume": 2212.8, "trend": 125.778153, "fair_value": 90.81135, "relative_strength": -23.923218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.351647, "energy": 74.455318, "activity_lines": [ 108.734667, 113.721798, 118.517968, 119.944827 ] }, { "date": "2026-07-24", "close": 114.0, "volume": 5167, "typical_volume": 2368.75, "trend": 123.788363, "fair_value": 91.136246, "relative_strength": -18.102092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.57111, "energy": 48.229114, "activity_lines": [ 110.372667, 112.815818, 117.995902, 119.184946 ] }, { "date": "2026-07-31", "close": 108.0201, "volume": 1704, "typical_volume": 2412.9, "trend": 122.299203, "fair_value": 91.404779, "relative_strength": -22.579166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.15729, "energy": 42.455515, "activity_lines": [ 109.944033, 111.100927, 116.919581, 118.167639 ] }, { "date": "2026-08-07", "close": 108.75, "volume": 1340, "typical_volume": 2363.3, "trend": 120.743559, "fair_value": 91.658209, "relative_strength": -25.682532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.786012, "energy": 41.385018, "activity_lines": [ 109.65736, 110.082925, 115.946931, 117.293496 ] } ], "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." } } }