{ "ticker": { "uuid": "9af00c36-2ecd-47b6-a31b-50b0a2827924", "symbol": "ITW", "name": "Illinois Tool Works Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 58.184, "architecture_energy": 75.498, "architecture_maturity": 18.508, "architecture_confidence": 72.722, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 12.33, "rotation_up": 80.96, "upward_expansion": 68.13, "deceleration": 18.13, "rotation_down": 16.36, "downward_expansion": 24.13 }, "activity_lines": [ 286.738, 278.862604, 269.235586, 268.086556 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 296.66, "trend_reference": 268.144087, "distance_from_trend": 0.106345, "trend_direction": "Improving", "fair_value": 247.035859, "distance_from_fair_value": 0.200878, "fair_value_direction": "Improving", "relative_strength": 1.352647, "relative_strength_direction": "Improving", "price_momentum": 0.016776, "excess_performance": -0.108849, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.106345, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031658, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.200878, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.161833, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.013526, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.132841, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.016776, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.002101, "read": "Demand-led" } ], "volume": { "latest": 5138466, "relative_activity": 0.767375, "balance": 4.002101, "dry_up": 1.147076, "accumulation_observations": 6, "distribution_observations": 0 }, "risk": { "range_context": 0.040431, "annualized_volatility": 0.190745, "from_high_reference": -0.017422, "from_low_reference": 0.258044 }, "levels": { "trend_reference": 268.144087, "fair_value_reference": 247.035859, "structural_low": 240.617699, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.025254, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": 0.006799, "regime_survival": 0.25, "best_return": 0.142182, "worst_return": -0.091905, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.036339, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.024574, "regime_survival": 0.0, "best_return": 0.069239, "worst_return": -0.082936, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.022797, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.007597, "regime_survival": 0.166667, "best_return": 0.139358, "worst_return": -0.120423, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.102486, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.09498, "regime_survival": 0.333333, "best_return": 0.120357, "worst_return": -0.027476, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.097102, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.054924, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.055403, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": 0.013678, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-10-03", "tenure": "Developing", "return": -0.02897, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": -0.004124, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": 0.017149, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": 0.027797, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.136723, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.13992, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-15", "tenure": "Developing", "return": -0.043633, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-19", "tenure": "Developing", "return": 0.047145, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-03", "tenure": "New", "return": 0.024929, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.103605, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 220.949524, "volume": 4152599, "typical_volume": 5224486.7, "trend": 221.983601, "fair_value": 198.480442, "relative_strength": -2.742032, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.325182, "energy": 14.972748, "activity_lines": [ 227.661037, 230.415924, 226.899088, 224.467976 ] }, { "date": "2023-08-25", "close": 225.438235, "volume": 3199000, "typical_volume": 5158492.15, "trend": 222.369557, "fair_value": 198.799874, "relative_strength": -1.746986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.901384, "energy": 23.278501, "activity_lines": [ 225.625655, 229.377629, 227.082599, 224.690856 ] }, { "date": "2023-09-01", "close": 231.810517, "volume": 3972754, "typical_volume": 5116844.65, "trend": 222.471603, "fair_value": 199.198077, "relative_strength": -1.66474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.904137, "energy": 23.85303, "activity_lines": [ 226.651467, 229.602198, 227.810236, 225.29995 ] }, { "date": "2023-09-08", "close": 223.451582, "volume": 4144398, "typical_volume": 5132218.4, "trend": 222.641453, "fair_value": 199.533946, "relative_strength": -4.106949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.959853, "energy": 15.575058, "activity_lines": [ 225.680631, 228.198081, 227.66475, 225.363175 ] }, { "date": "2023-09-15", "close": 223.320388, "volume": 5757512, "typical_volume": 5179215.7, "trend": 222.657972, "fair_value": 199.848498, "relative_strength": -4.166659, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.538143, "energy": 8.218966, "activity_lines": [ 225.177721, 226.969627, 227.491157, 225.406977 ] }, { "date": "2023-09-22", "close": 218.822306, "volume": 4753093, "typical_volume": 5000867.6, "trend": 222.760662, "fair_value": 200.170568, "relative_strength": -3.392011, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.472211, "energy": 10.354976, "activity_lines": [ 223.120473, 225.017051, 226.899712, 225.159515 ] }, { "date": "2023-09-29", "close": 217.125688, "volume": 4121672, "typical_volume": 4982838.05, "trend": 222.614266, "fair_value": 200.479797, "relative_strength": -3.602783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.794255, "energy": 33.712183, "activity_lines": [ 220.639501, 223.029632, 226.127016, 224.795968 ] }, { "date": "2023-10-06", "close": 221.594342, "volume": 5427919, "typical_volume": 4950773.35, "trend": 222.884454, "fair_value": 200.739459, "relative_strength": -2.20556, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.914627, "energy": 35.438972, "activity_lines": [ 220.202249, 222.261405, 225.760371, 224.730166 ] }, { "date": "2023-10-13", "close": 218.247565, "volume": 4877528, "typical_volume": 4942084.5, "trend": 223.057299, "fair_value": 200.972419, "relative_strength": -4.184841, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.912464, "energy": 40.941949, "activity_lines": [ 219.330484, 221.285785, 225.032039, 224.431012 ] }, { "date": "2023-10-20", "close": 210.762098, "volume": 6816551, "typical_volume": 5008372.7, "trend": 222.924692, "fair_value": 201.157057, "relative_strength": -5.244226, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.929927, "energy": 51.076046, "activity_lines": [ 216.310497, 219.183332, 223.550614, 223.637773 ] }, { "date": "2023-10-27", "close": 210.479272, "volume": 8353370, "typical_volume": 5168810.15, "trend": 222.375975, "fair_value": 201.400939, "relative_strength": -2.940173, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.911514, "energy": 49.585954, "activity_lines": [ 214.033455, 217.242795, 222.05595, 222.834843 ] }, { "date": "2023-11-03", "close": 219.7654, "volume": 6001168, "typical_volume": 5174770.55, "trend": 222.626193, "fair_value": 201.627942, "relative_strength": -4.15187, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.926605, "energy": 37.282184, "activity_lines": [ 215.40799, 217.181014, 221.4977, 222.666419 ] }, { "date": "2023-11-10", "close": 219.180892, "volume": 5640929, "typical_volume": 5237742.5, "trend": 222.744444, "fair_value": 201.839629, "relative_strength": -5.572156, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.276301, "energy": 38.255604, "activity_lines": [ 216.411709, 217.1161, 220.938103, 222.444141 ] }, { "date": "2023-11-17", "close": 226.185555, "volume": 4691805, "typical_volume": 5254173.5, "trend": 222.944859, "fair_value": 202.139275, "relative_strength": -4.634298, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -25.633191, "energy": 13.532058, "activity_lines": [ 219.911212, 218.554391, 221.077243, 222.666149 ] }, { "date": "2023-11-24", "close": 228.00507, "volume": 3211671, "typical_volume": 5248066.75, "trend": 223.027255, "fair_value": 202.403239, "relative_strength": -4.707584, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.378962, "energy": 16.09063, "activity_lines": [ 223.488021, 220.273795, 221.428905, 222.992614 ] }, { "date": "2023-12-01", "close": 231.201006, "volume": 5236209, "typical_volume": 5291678.85, "trend": 223.57756, "fair_value": 202.727755, "relative_strength": -4.095437, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.540167, "energy": 28.823303, "activity_lines": [ 226.980611, 222.489102, 222.087177, 223.519953 ] }, { "date": "2023-12-08", "close": 235.320842, "volume": 4895903, "typical_volume": 5213929.85, "trend": 224.320814, "fair_value": 203.08754, "relative_strength": -2.577455, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.248678, "energy": 47.688195, "activity_lines": [ 230.46503, 225.228402, 223.150535, 224.277584 ] }, { "date": "2023-12-15", "close": 243.551085, "volume": 6299597, "typical_volume": 5308092.85, "trend": 225.353323, "fair_value": 203.498277, "relative_strength": -1.494201, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.226609, "energy": 70.573037, "activity_lines": [ 235.655834, 229.13329, 225.0176, 225.518246 ] }, { "date": "2023-12-22", "close": 246.916717, "volume": 3779199, "typical_volume": 5076546.7, "trend": 226.590307, "fair_value": 203.938714, "relative_strength": -0.967283, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.732091, "energy": 86.474632, "activity_lines": [ 240.343836, 233.250897, 227.205699, 226.909433 ] }, { "date": "2023-12-29", "close": 248.265157, "volume": 2946165, "typical_volume": 4913952.1, "trend": 227.74453, "fair_value": 204.373182, "relative_strength": -0.701926, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.756927, "energy": 89.258142, "activity_lines": [ 244.09924, 237.092417, 229.447029, 228.30781 ] }, { "date": "2024-01-05", "close": 244.492937, "volume": 3276200, "typical_volume": 4870132.15, "trend": 228.514174, "fair_value": 204.754642, "relative_strength": -0.564583, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.394844, "energy": 84.905025, "activity_lines": [ 245.246565, 239.566206, 231.206389, 229.388353 ] }, { "date": "2024-01-12", "close": 240.388989, "volume": 5062960, "typical_volume": 4963330.15, "trend": 228.821377, "fair_value": 205.142537, "relative_strength": -3.866202, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.968811, "energy": 77.032248, "activity_lines": [ 244.139779, 240.675392, 232.462785, 230.15447 ] }, { "date": "2024-01-19", "close": 242.170842, "volume": 3847061, "typical_volume": 4957045.5, "trend": 229.366333, "fair_value": 205.540322, "relative_strength": -4.181238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.189756, "energy": 59.34867, "activity_lines": [ 243.289067, 241.733577, 233.817687, 231.015726 ] }, { "date": "2024-01-26", "close": 248.71062, "volume": 5220488, "typical_volume": 5010850.0, "trend": 229.84252, "fair_value": 206.032521, "relative_strength": -2.509778, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.355534, "energy": 58.198854, "activity_lines": [ 244.710298, 243.562813, 235.74609, 232.263744 ] }, { "date": "2024-02-02", "close": 242.692129, "volume": 9219916, "typical_volume": 5183970.2, "trend": 230.316443, "fair_value": 206.440855, "relative_strength": -5.954587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.612822, "energy": 46.304955, "activity_lines": [ 244.005771, 243.888232, 236.981022, 233.092751 ] }, { "date": "2024-02-09", "close": 242.398312, "volume": 5006239, "typical_volume": 5196627.5, "trend": 230.600648, "fair_value": 206.854172, "relative_strength": -7.148046, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.543364, "energy": 40.828943, "activity_lines": [ 243.574841, 243.893192, 238.095726, 233.872227 ] }, { "date": "2024-02-16", "close": 240.663849, "volume": 4823953, "typical_volume": 5231741.55, "trend": 230.639619, "fair_value": 207.253987, "relative_strength": -7.248132, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.770135, "energy": 37.066189, "activity_lines": [ 242.705397, 243.379207, 238.932976, 234.521465 ] }, { "date": "2024-02-23", "close": 246.54965, "volume": 4306021, "typical_volume": 5175646.65, "trend": 230.736091, "fair_value": 207.687105, "relative_strength": -6.307316, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.445141, "energy": 36.525671, "activity_lines": [ 243.779564, 243.838223, 240.218692, 235.547919 ] }, { "date": "2024-03-01", "close": 246.606518, "volume": 5273943, "typical_volume": 5195467.4, "trend": 231.252094, "fair_value": 208.076155, "relative_strength": -6.938295, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.121738, "energy": 41.134397, "activity_lines": [ 244.580766, 244.253059, 241.390989, 236.571818 ] }, { "date": "2024-03-08", "close": 247.544834, "volume": 6216341, "typical_volume": 5165456.9, "trend": 232.087064, "fair_value": 208.437227, "relative_strength": -6.105598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.683127, "energy": 43.167874, "activity_lines": [ 245.835013, 244.844138, 242.517606, 237.622962 ] }, { "date": "2024-03-15", "close": 252.985171, "volume": 17457529, "typical_volume": 5620664.85, "trend": 233.154919, "fair_value": 208.817908, "relative_strength": -3.778785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.183459, "energy": 60.604136, "activity_lines": [ 248.579193, 246.437466, 243.987196, 238.971227 ] }, { "date": "2024-03-22", "close": 254.634333, "volume": 5117770, "typical_volume": 5576494.95, "trend": 234.128122, "fair_value": 209.158541, "relative_strength": -5.046661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.121628, "energy": 72.428371, "activity_lines": [ 251.167302, 248.176237, 245.411439, 240.356996 ] }, { "date": "2024-03-29", "close": 255.649066, "volume": 3967466, "typical_volume": 5492821.8, "trend": 234.922741, "fair_value": 209.534661, "relative_strength": -4.744981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.857976, "energy": 74.782232, "activity_lines": [ 253.162291, 249.840499, 246.766281, 241.745444 ] }, { "date": "2024-04-05", "close": 250.513791, "volume": 4602789, "typical_volume": 5488371.0, "trend": 235.824814, "fair_value": 209.870733, "relative_strength": -5.6707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.019717, "energy": 62.140823, "activity_lines": [ 252.838893, 250.326016, 247.458391, 242.751318 ] }, { "date": "2024-04-12", "close": 241.52944, "volume": 4679131, "typical_volume": 5561744.0, "trend": 236.431783, "fair_value": 210.141229, "relative_strength": -7.504176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.135905, "energy": 33.91332, "activity_lines": [ 249.260227, 249.145229, 247.179, 243.119358 ] }, { "date": "2024-04-19", "close": 238.623579, "volume": 6843090, "typical_volume": 5642088.05, "trend": 237.091825, "fair_value": 210.367487, "relative_strength": -5.508038, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.002363, "energy": 13.183508, "activity_lines": [ 245.113966, 247.457244, 246.558459, 243.260764 ] }, { "date": "2024-04-26", "close": 236.546604, "volume": 5240065, "typical_volume": 5659296.15, "trend": 237.739189, "fair_value": 210.569367, "relative_strength": -8.452254, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.166929, "energy": 21.073339, "activity_lines": [ 241.23282, 245.460259, 245.704764, 243.225589 ] }, { "date": "2024-05-03", "close": 232.392652, "volume": 7619917, "typical_volume": 5725312.15, "trend": 238.099132, "fair_value": 210.700018, "relative_strength": -10.344115, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.959489, "energy": 41.111508, "activity_lines": [ 237.172872, 242.782869, 244.449619, 242.880651 ] }, { "date": "2024-05-10", "close": 238.499723, "volume": 3268976, "typical_volume": 5699801.0, "trend": 238.774204, "fair_value": 210.868561, "relative_strength": -9.444354, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.16858, "energy": 41.869467, "activity_lines": [ 236.699042, 241.473255, 243.829234, 242.906496 ] }, { "date": "2024-05-17", "close": 238.756963, "volume": 4529776, "typical_volume": 5778981.55, "trend": 239.707367, "fair_value": 211.075883, "relative_strength": -10.602478, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.218711, "energy": 43.361992, "activity_lines": [ 237.111897, 240.357808, 243.27343, 242.905383 ] }, { "date": "2024-05-24", "close": 228.724598, "volume": 5196765, "typical_volume": 5875009.8, "trend": 240.315544, "fair_value": 211.220208, "relative_strength": -14.11241, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.896448, "energy": 57.234457, "activity_lines": [ 234.365461, 237.578075, 241.807439, 242.196818 ] }, { "date": "2024-05-31", "close": 231.277944, "volume": 5854898, "typical_volume": 5914606.7, "trend": 240.699296, "fair_value": 211.3578, "relative_strength": -12.585562, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.799952, "energy": 40.143433, "activity_lines": [ 233.130073, 235.703687, 240.659712, 241.613747 ] }, { "date": "2024-06-07", "close": 229.058057, "volume": 4265545, "typical_volume": 5935530.9, "trend": 241.028534, "fair_value": 211.498615, "relative_strength": -14.193315, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.621612, "energy": 61.431405, "activity_lines": [ 231.505967, 233.850346, 239.343952, 240.862699 ] }, { "date": "2024-06-14", "close": 224.056165, "volume": 4151031, "typical_volume": 5882058.05, "trend": 240.957555, "fair_value": 211.682597, "relative_strength": -17.043679, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.952261, "energy": 76.155015, "activity_lines": [ 228.43687, 231.571042, 237.614264, 239.767707 ] }, { "date": "2024-06-21", "close": 229.039002, "volume": 5000302, "typical_volume": 5671077.35, "trend": 240.992019, "fair_value": 211.8793, "relative_strength": -15.388485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.909054, "energy": 64.652912, "activity_lines": [ 227.991622, 230.678756, 236.476534, 238.998768 ] }, { "date": "2024-06-28", "close": 227.09541, "volume": 7507678, "typical_volume": 5796149.3, "trend": 240.855166, "fair_value": 212.041737, "relative_strength": -15.673623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.787733, "energy": 59.055931, "activity_lines": [ 227.546374, 229.660189, 235.218714, 238.102213 ] }, { "date": "2024-07-05", "close": 223.434436, "volume": 3649868, "typical_volume": 5737445.05, "trend": 240.458952, "fair_value": 212.170501, "relative_strength": -18.192878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.209185, "energy": 58.811484, "activity_lines": [ 225.989414, 228.185594, 233.685102, 236.978295 ] }, { "date": "2024-07-12", "close": 235.691991, "volume": 4638130, "typical_volume": 5754050.5, "trend": 240.196983, "fair_value": 212.37205, "relative_strength": -14.170808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.544956, "energy": 35.852195, "activity_lines": [ 229.041207, 229.178048, 233.40092, 236.670749 ] }, { "date": "2024-07-19", "close": 232.519786, "volume": 6434989, "typical_volume": 5812102.8, "trend": 239.717085, "fair_value": 212.56473, "relative_strength": -13.243057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.455825, "energy": 25.903974, "activity_lines": [ 230.593335, 229.533749, 232.866327, 236.175446 ] }, { "date": "2024-07-26", "close": 237.187049, "volume": 4152100, "typical_volume": 5708890.75, "trend": 239.347815, "fair_value": 212.785723, "relative_strength": -10.391028, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.964537, "energy": 17.336932, "activity_lines": [ 233.136976, 230.84677, 232.843315, 236.012218 ] }, { "date": "2024-08-02", "close": 233.698581, "volume": 7439407, "typical_volume": 5207984.65, "trend": 238.988003, "fair_value": 212.978277, "relative_strength": -9.489063, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.504858, "energy": 20.662896, "activity_lines": [ 233.974592, 231.554067, 232.537391, 235.647751 ] }, { "date": "2024-08-09", "close": 229.251743, "volume": 4541071, "typical_volume": 5179149.7, "trend": 238.616761, "fair_value": 213.112057, "relative_strength": -10.957148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.289726, "energy": 18.219874, "activity_lines": [ 232.889717, 231.362413, 231.899799, 235.019605 ] }, { "date": "2024-08-16", "close": 231.868094, "volume": 3889371, "typical_volume": 5175244.95, "trend": 238.273336, "fair_value": 213.276596, "relative_strength": -13.076053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.764759, "energy": 10.540511, "activity_lines": [ 232.289138, 231.683299, 231.632252, 234.584208 ] }, { "date": "2024-08-23", "close": 236.707863, "volume": 2900149, "typical_volume": 5090112.95, "trend": 237.873244, "fair_value": 213.471759, "relative_strength": -12.150332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.797512, "energy": 6.293818, "activity_lines": [ 233.556742, 232.833051, 231.938879, 234.483209 ] }, { "date": "2024-08-30", "close": 242.640175, "volume": 3517295, "typical_volume": 5032021.15, "trend": 237.871513, "fair_value": 213.717045, "relative_strength": -9.868874, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.642965, "energy": 10.069513, "activity_lines": [ 236.522578, 234.831375, 232.876231, 234.790753 ] }, { "date": "2024-09-06", "close": 233.458988, "volume": 3630730, "typical_volume": 4871403.15, "trend": 237.573535, "fair_value": 213.959371, "relative_strength": -9.257013, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.541765, "energy": 12.406488, "activity_lines": [ 236.064477, 234.913097, 232.933894, 234.506074 ] }, { "date": "2024-09-13", "close": 241.269706, "volume": 4108647, "typical_volume": 4814832.25, "trend": 237.59373, "fair_value": 214.268333, "relative_strength": -9.542626, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.429044, "energy": 27.506281, "activity_lines": [ 238.225922, 236.299249, 233.760029, 234.744537 ] }, { "date": "2024-09-20", "close": 243.732717, "volume": 4829829, "typical_volume": 4675327.85, "trend": 237.499833, "fair_value": 214.592798, "relative_strength": -9.583952, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.468677, "energy": 37.902253, "activity_lines": [ 240.407172, 237.808944, 234.798245, 235.1406 ] }, { "date": "2024-09-27", "close": 252.98099, "volume": 4373613, "typical_volume": 4730559.7, "trend": 237.712315, "fair_value": 215.021757, "relative_strength": -6.408326, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.471306, "energy": 54.374555, "activity_lines": [ 244.880206, 240.853947, 236.663249, 236.139385 ] }, { "date": "2024-10-04", "close": 249.06993, "volume": 3859143, "typical_volume": 4697028.05, "trend": 237.763152, "fair_value": 215.370701, "relative_strength": -7.767367, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.43374, "energy": 57.804964, "activity_lines": [ 246.964677, 242.815827, 238.086813, 236.872134 ] }, { "date": "2024-10-11", "close": 251.171136, "volume": 3014797, "typical_volume": 4587929.65, "trend": 237.702684, "fair_value": 215.692351, "relative_strength": -7.750021, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.730282, "energy": 71.506585, "activity_lines": [ 249.320901, 244.943692, 239.661382, 237.737165 ] }, { "date": "2024-10-18", "close": 251.595232, "volume": 3309055, "typical_volume": 4460637.5, "trend": 237.60138, "fair_value": 216.010378, "relative_strength": -8.097242, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.82643, "energy": 73.370873, "activity_lines": [ 250.637679, 246.830983, 241.169453, 238.633459 ] }, { "date": "2024-10-25", "close": 244.896436, "volume": 3669359, "typical_volume": 4430828.2, "trend": 237.242959, "fair_value": 216.266438, "relative_strength": -9.327338, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.962778, "energy": 56.079859, "activity_lines": [ 249.033158, 247.094065, 241.942794, 239.104108 ] }, { "date": "2024-11-01", "close": 253.571136, "volume": 5864827, "typical_volume": 4516518.0, "trend": 237.344871, "fair_value": 216.542358, "relative_strength": -4.531146, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.879524, "energy": 58.431983, "activity_lines": [ 250.242621, 248.697487, 243.466876, 240.157538 ] }, { "date": "2024-11-08", "close": 262.120535, "volume": 4350780, "typical_volume": 4484041.9, "trend": 238.031241, "fair_value": 216.847022, "relative_strength": -5.533653, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.154159, "energy": 64.557146, "activity_lines": [ 254.262542, 251.548739, 245.66464, 241.755968 ] }, { "date": "2024-11-15", "close": 260.838607, "volume": 4573813, "typical_volume": 4337348.65, "trend": 238.771742, "fair_value": 217.124155, "relative_strength": -3.746811, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.877594, "energy": 65.81485, "activity_lines": [ 256.985112, 253.812726, 247.582783, 243.227411 ] }, { "date": "2024-11-22", "close": 264.048247, "volume": 3898088, "typical_volume": 4349759.65, "trend": 239.688463, "fair_value": 217.463315, "relative_strength": -3.903009, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.638828, "energy": 78.92983, "activity_lines": [ 260.133065, 256.162472, 249.645925, 244.858154 ] }, { "date": "2024-11-29", "close": 267.489211, "volume": 3587687, "typical_volume": 4297237.5, "trend": 240.858348, "fair_value": 217.817788, "relative_strength": -3.520722, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.50821, "energy": 83.42385, "activity_lines": [ 263.597805, 258.723693, 251.843379, 246.65175 ] }, { "date": "2024-12-06", "close": 263.643427, "volume": 3793771, "typical_volume": 4165176.6, "trend": 241.696472, "fair_value": 218.108115, "relative_strength": -5.396589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.832428, "energy": 76.718044, "activity_lines": [ 264.274431, 260.153744, 253.523152, 248.121755 ] }, { "date": "2024-12-13", "close": 262.274752, "volume": 3447620, "typical_volume": 4129952.6, "trend": 242.480398, "fair_value": 218.416131, "relative_strength": -4.969189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.696855, "energy": 65.801202, "activity_lines": [ 263.823347, 261.141083, 254.924368, 249.449386 ] }, { "date": "2024-12-20", "close": 249.465111, "volume": 6724955, "typical_volume": 4094230.0, "trend": 243.171749, "fair_value": 218.628659, "relative_strength": -7.508427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.338619, "energy": 35.910702, "activity_lines": [ 259.092101, 259.559308, 254.986152, 249.900013 ] }, { "date": "2024-12-27", "close": 247.277159, "volume": 1953660, "typical_volume": 3964859.45, "trend": 243.705056, "fair_value": 218.783764, "relative_strength": -8.476812, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.892998, "energy": 20.437371, "activity_lines": [ 254.389771, 257.610742, 254.764481, 250.164878 ] }, { "date": "2025-01-03", "close": 244.609676, "volume": 3601526, "typical_volume": 3950467.2, "trend": 244.223443, "fair_value": 218.925653, "relative_strength": -8.546888, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.65425, "energy": 21.187893, "activity_lines": [ 249.916352, 255.25569, 254.202929, 250.223241 ] }, { "date": "2025-01-10", "close": 237.444646, "volume": 3710853, "typical_volume": 3991002.4, "trend": 244.669726, "fair_value": 219.03488, "relative_strength": -9.079509, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.802887, "energy": 43.080357, "activity_lines": [ 244.579892, 251.60312, 252.898319, 249.785899 ] }, { "date": "2025-01-17", "close": 248.575166, "volume": 4408942, "typical_volume": 4035584.75, "trend": 245.320931, "fair_value": 219.252482, "relative_strength": -7.172771, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.027069, "energy": 33.062141, "activity_lines": [ 244.700191, 250.267488, 252.65025, 250.037863 ] }, { "date": "2025-01-24", "close": 251.988009, "volume": 3057077, "typical_volume": 4006902.1, "trend": 246.150684, "fair_value": 219.524988, "relative_strength": -7.098455, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.036812, "energy": 19.177284, "activity_lines": [ 246.871411, 249.798654, 252.698952, 250.467997 ] }, { "date": "2025-01-31", "close": 251.270536, "volume": 5152246, "typical_volume": 4059082.05, "trend": 247.078554, "fair_value": 219.809292, "relative_strength": -6.093678, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.150113, "energy": 13.012351, "activity_lines": [ 248.635279, 249.360289, 252.59109, 250.79831 ] }, { "date": "2025-02-07", "close": 247.780129, "volume": 7021363, "typical_volume": 4168658.75, "trend": 247.481492, "fair_value": 220.136117, "relative_strength": -6.924705, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.016699, "energy": 10.758594, "activity_lines": [ 248.969453, 248.519627, 252.103184, 250.843573 ] }, { "date": "2025-02-14", "close": 250.252501, "volume": 4425024, "typical_volume": 4171229.3, "trend": 248.072583, "fair_value": 220.489857, "relative_strength": -7.060141, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.331019, "energy": 14.050775, "activity_lines": [ 249.916388, 248.486835, 251.83147, 251.022348 ] }, { "date": "2025-02-21", "close": 256.234671, "volume": 3432682, "typical_volume": 4149906.25, "trend": 248.707504, "fair_value": 220.866763, "relative_strength": -3.017534, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.520533, "energy": 20.913775, "activity_lines": [ 252.003522, 249.785181, 252.142479, 251.548934 ] }, { "date": "2025-02-28", "close": 255.943804, "volume": 5783330, "typical_volume": 4288332.9, "trend": 249.449011, "fair_value": 221.278309, "relative_strength": -1.947622, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.572551, "energy": 22.513483, "activity_lines": [ 253.483067, 251.140461, 252.391668, 252.015792 ] }, { "date": "2025-03-07", "close": 266.124158, "volume": 7789068, "typical_volume": 4512333.55, "trend": 250.678092, "fair_value": 221.803031, "relative_strength": 5.31343, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.578393, "energy": 45.24798, "activity_lines": [ 258.092343, 254.228921, 253.587688, 253.091608 ] }, { "date": "2025-03-14", "close": 246.713616, "volume": 7262422, "typical_volume": 4691986.7, "trend": 251.172942, "fair_value": 222.154249, "relative_strength": 0.181384, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.421152, "energy": 21.299718, "activity_lines": [ 255.241198, 253.445518, 252.865899, 252.835835 ] }, { "date": "2025-03-21", "close": 243.688596, "volume": 5045925, "typical_volume": 4651041.6, "trend": 251.405633, "fair_value": 222.489437, "relative_strength": -1.277181, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.986806, "energy": 3.674216, "activity_lines": [ 251.452813, 252.073859, 251.84736, 252.352974 ] }, { "date": "2025-03-28", "close": 238.957155, "volume": 4792353, "typical_volume": 4673120.25, "trend": 251.282866, "fair_value": 222.796646, "relative_strength": -1.463456, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.331255, "energy": 28.583692, "activity_lines": [ 246.524875, 249.728411, 250.425268, 251.549847 ] }, { "date": "2025-04-04", "close": 220.025846, "volume": 7052599, "typical_volume": 4797059.55, "trend": 250.835095, "fair_value": 223.020376, "relative_strength": 0.013964, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -80.12423, "energy": 71.321592, "activity_lines": [ 236.438335, 244.11578, 247.310495, 249.533265 ] }, { "date": "2025-04-11", "close": 226.609941, "volume": 9552167, "typical_volume": 5079763.5, "trend": 250.346436, "fair_value": 223.329317, "relative_strength": -2.2875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.366362, "energy": 74.957146, "activity_lines": [ 230.941024, 240.281387, 245.017126, 247.970351 ] }, { "date": "2025-04-18", "close": 225.166317, "volume": 4034517, "typical_volume": 5102105.0, "trend": 249.727556, "fair_value": 223.587747, "relative_strength": -1.257584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.331361, "energy": 78.171794, "activity_lines": [ 227.596786, 236.632892, 242.764546, 246.345828 ] }, { "date": "2025-04-25", "close": 233.613468, "volume": 5550574, "typical_volume": 5189945.15, "trend": 249.081972, "fair_value": 223.936687, "relative_strength": -1.856232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.948636, "energy": 70.199546, "activity_lines": [ 228.504752, 234.931402, 241.517994, 245.306209 ] }, { "date": "2025-05-02", "close": 236.364157, "volume": 9528677, "typical_volume": 5493998.0, "trend": 248.658446, "fair_value": 224.232402, "relative_strength": -3.338977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.397928, "energy": 40.948935, "activity_lines": [ 231.001289, 234.032566, 240.676412, 244.485705 ] }, { "date": "2025-05-09", "close": 236.539733, "volume": 5572812, "typical_volume": 5436390.85, "trend": 248.170733, "fair_value": 224.53874, "relative_strength": -2.658937, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.1275, "energy": 28.234311, "activity_lines": [ 233.729218, 233.526934, 239.974936, 243.703852 ] }, { "date": "2025-05-16", "close": 245.16246, "volume": 5685035, "typical_volume": 5622959.6, "trend": 247.956307, "fair_value": 224.934557, "relative_strength": -3.991419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.825545, "energy": 17.876202, "activity_lines": [ 238.230464, 234.941873, 240.156222, 243.50977 ] }, { "date": "2025-05-23", "close": 235.895955, "volume": 4050619, "typical_volume": 5645414.25, "trend": 247.656291, "fair_value": 225.242014, "relative_strength": -5.085061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.814663, "energy": 18.190699, "activity_lines": [ 238.40604, 235.053114, 239.465053, 242.731683 ] }, { "date": "2025-05-30", "close": 239.056321, "volume": 4556192, "typical_volume": 5687681.2, "trend": 247.172464, "fair_value": 225.563377, "relative_strength": -5.327724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.0884, "energy": 16.70545, "activity_lines": [ 238.919762, 235.935652, 239.116365, 242.176846 ] }, { "date": "2025-06-06", "close": 241.475366, "volume": 4465001, "typical_volume": 5690484.15, "trend": 246.484291, "fair_value": 225.964695, "relative_strength": -5.793385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.14483, "energy": 15.912401, "activity_lines": [ 239.876975, 237.342239, 238.990388, 241.809292 ] }, { "date": "2025-06-13", "close": 235.544803, "volume": 3531346, "typical_volume": 5714197.6, "trend": 245.641165, "fair_value": 226.435914, "relative_strength": -7.68021, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.897045, "energy": 15.157045, "activity_lines": [ 238.516587, 237.624757, 238.333403, 241.103518 ] }, { "date": "2025-06-20", "close": 234.70594, "volume": 3528086, "typical_volume": 5632989.6, "trend": 244.663088, "fair_value": 226.845408, "relative_strength": -7.73302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.551534, "energy": 20.505937, "activity_lines": [ 236.942907, 237.472591, 237.674828, 240.39802 ] }, { "date": "2025-06-27", "close": 241.963077, "volume": 4704340, "typical_volume": 5517138.45, "trend": 243.812217, "fair_value": 227.323541, "relative_strength": -7.951516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.932723, "energy": 11.634098, "activity_lines": [ 238.485374, 238.492704, 237.786288, 240.223826 ] }, { "date": "2025-07-04", "close": 253.676184, "volume": 4130039, "typical_volume": 5502389.2, "trend": 243.479975, "fair_value": 227.880395, "relative_strength": -5.095815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.564074, "energy": 21.163277, "activity_lines": [ 243.527735, 241.337078, 239.040983, 240.860211 ] }, { "date": "2025-07-11", "close": 254.853791, "volume": 5257182, "typical_volume": 5593614.2, "trend": 243.23261, "fair_value": 228.454478, "relative_strength": -4.31718, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.428773, "energy": 45.308864, "activity_lines": [ 247.987974, 244.030786, 240.391527, 241.594005 ] }, { "date": "2025-07-18", "close": 250.388698, "volume": 3991630, "typical_volume": 5504029.2, "trend": 243.263396, "fair_value": 228.935759, "relative_strength": -6.461114, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.793769, "energy": 48.931426, "activity_lines": [ 250.067953, 245.576483, 241.323399, 242.055688 ] }, { "date": "2025-07-25", "close": 256.816469, "volume": 4337383, "typical_volume": 5331444.95, "trend": 243.581373, "fair_value": 229.363208, "relative_strength": -5.33143, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.946818, "energy": 61.175875, "activity_lines": [ 253.30093, 248.039066, 242.893894, 242.93008 ] }, { "date": "2025-08-01", "close": 247.601694, "volume": 7500816, "typical_volume": 5343364.65, "trend": 243.681107, "fair_value": 229.713988, "relative_strength": -6.276749, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.004658, "energy": 53.379111, "activity_lines": [ 251.98828, 248.614345, 243.631113, 243.189456 ] }, { "date": "2025-08-08", "close": 252.194362, "volume": 4454935, "typical_volume": 5313815.15, "trend": 244.172764, "fair_value": 230.054903, "relative_strength": -6.686985, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.060965, "energy": 38.571125, "activity_lines": [ 251.830612, 249.811823, 244.8015, 243.738698 ] }, { "date": "2025-08-15", "close": 253.813571, "volume": 4680187, "typical_volume": 5308206.85, "trend": 244.347378, "fair_value": 230.428256, "relative_strength": -6.878958, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.49197, "energy": 41.425077, "activity_lines": [ 252.311468, 251.064829, 246.085593, 244.360686 ] }, { "date": "2025-08-22", "close": 264.382595, "volume": 4683876, "typical_volume": 5189770.7, "trend": 244.76053, "fair_value": 230.952838, "relative_strength": -3.209353, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.714854, "energy": 52.775323, "activity_lines": [ 256.38468, 254.015145, 248.305516, 245.65328 ] }, { "date": "2025-08-29", "close": 259.71142, "volume": 4432943, "typical_volume": 4933809.5, "trend": 245.041893, "fair_value": 231.471353, "relative_strength": -4.737533, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.472467, "energy": 59.882518, "activity_lines": [ 257.967907, 255.591832, 249.869342, 246.617854 ] }, { "date": "2025-09-05", "close": 261.271749, "volume": 2839381, "typical_volume": 4874052.7, "trend": 245.491614, "fair_value": 231.934695, "relative_strength": -4.342613, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.532473, "energy": 66.738605, "activity_lines": [ 259.878248, 256.997571, 251.424145, 247.664941 ] }, { "date": "2025-09-12", "close": 258.445492, "volume": 3956279, "typical_volume": 4794337.95, "trend": 245.764714, "fair_value": 232.452956, "relative_strength": -6.664626, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.495798, "energy": 64.016719, "activity_lines": [ 259.935165, 257.538378, 252.53785, 248.500675 ] }, { "date": "2025-09-19", "close": 256.973484, "volume": 5207943, "typical_volume": 4578301.25, "trend": 245.789341, "fair_value": 232.998916, "relative_strength": -8.132367, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.668244, "energy": 41.438636, "activity_lines": [ 259.084671, 257.724833, 253.393116, 249.223822 ] }, { "date": "2025-09-26", "close": 256.168786, "volume": 3428066, "typical_volume": 4471063.95, "trend": 245.79684, "fair_value": 233.573702, "relative_strength": -7.903653, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.441807, "energy": 34.468665, "activity_lines": [ 257.755284, 257.726438, 254.073604, 249.893463 ] }, { "date": "2025-10-03", "close": 256.723544, "volume": 4285685, "typical_volume": 4401096.45, "trend": 245.483486, "fair_value": 234.112104, "relative_strength": -8.487535, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.533219, "energy": 25.831535, "activity_lines": [ 257.158403, 257.723817, 254.713455, 250.598412 ] }, { "date": "2025-10-10", "close": 241.843452, "volume": 5719462, "typical_volume": 4484538.6, "trend": 245.321148, "fair_value": 234.562861, "relative_strength": -11.376869, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.503405, "energy": 13.590737, "activity_lines": [ 251.800684, 255.017414, 253.881101, 250.363571 ] }, { "date": "2025-10-17", "close": 246.118887, "volume": 4500763, "typical_volume": 4481767.15, "trend": 245.402157, "fair_value": 234.984778, "relative_strength": -11.087043, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.133477, "energy": 15.359286, "activity_lines": [ 249.163329, 253.193058, 253.427611, 250.415038 ] }, { "date": "2025-10-24", "close": 242.653119, "volume": 8664933, "typical_volume": 4691763.75, "trend": 245.525356, "fair_value": 235.27559, "relative_strength": -13.725827, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.605579, "energy": 23.318215, "activity_lines": [ 246.192492, 250.849025, 252.610416, 250.237681 ] }, { "date": "2025-10-31", "close": 240.84618, "volume": 8362334, "typical_volume": 4933313.15, "trend": 246.219367, "fair_value": 235.548321, "relative_strength": -14.591252, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.957618, "energy": 38.41202, "activity_lines": [ 243.574032, 248.379376, 251.615523, 249.935798 ] }, { "date": "2025-11-07", "close": 242.396395, "volume": 6253578, "typical_volume": 5069587.75, "trend": 246.745582, "fair_value": 235.764343, "relative_strength": -12.285264, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.193985, "energy": 46.754741, "activity_lines": [ 242.493819, 246.619518, 250.743025, 249.689155 ] }, { "date": "2025-11-14", "close": 240.89555, "volume": 4465609, "typical_volume": 5057651.2, "trend": 247.26989, "fair_value": 235.968086, "relative_strength": -12.576606, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.797061, "energy": 49.059074, "activity_lines": [ 241.868466, 244.901598, 249.690968, 249.311734 ] }, { "date": "2025-11-21", "close": 244.647663, "volume": 6298240, "typical_volume": 5166061.25, "trend": 247.637697, "fair_value": 236.183533, "relative_strength": -9.146655, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.921139, "energy": 35.820594, "activity_lines": [ 242.557012, 244.236357, 249.001338, 249.142558 ] }, { "date": "2025-11-28", "close": 246.138635, "volume": 4760001, "typical_volume": 5141202.2, "trend": 247.963513, "fair_value": 236.412555, "relative_strength": -11.479901, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.847962, "energy": 22.3309, "activity_lines": [ 243.84063, 244.093072, 248.496699, 249.045844 ] }, { "date": "2025-12-05", "close": 246.553342, "volume": 4758496, "typical_volume": 5179545.5, "trend": 248.297299, "fair_value": 236.694633, "relative_strength": -11.295118, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.362023, "energy": 13.065841, "activity_lines": [ 245.030116, 244.222184, 248.073057, 248.954865 ] }, { "date": "2025-12-12", "close": 254.768495, "volume": 5104432, "typical_volume": 5217897.95, "trend": 248.617501, "fair_value": 237.046919, "relative_strength": -7.523105, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.347568, "energy": 13.684285, "activity_lines": [ 248.577508, 246.019788, 248.450074, 249.372362 ] }, { "date": "2025-12-19", "close": 246.987797, "volume": 9120012, "typical_volume": 5298857.75, "trend": 248.987229, "fair_value": 237.318724, "relative_strength": -10.182592, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.80211, "energy": 9.541435, "activity_lines": [ 248.706528, 246.438265, 248.095824, 249.26722 ] }, { "date": "2025-12-26", "close": 249.278561, "volume": 2066497, "typical_volume": 5179435.85, "trend": 249.32797, "fair_value": 237.607399, "relative_strength": -10.372833, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.23634, "energy": 17.269841, "activity_lines": [ 249.192986, 247.179711, 247.962665, 249.286015 ] }, { "date": "2026-01-02", "close": 247.966228, "volume": 4211303, "typical_volume": 5155991.65, "trend": 249.544332, "fair_value": 237.84814, "relative_strength": -9.675336, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.122528, "energy": 15.735117, "activity_lines": [ 248.933274, 247.625103, 247.718407, 249.198161 ] }, { "date": "2026-01-09", "close": 253.551679, "volume": 8522085, "typical_volume": 5347902.1, "trend": 250.144561, "fair_value": 238.087303, "relative_strength": -8.879642, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.431474, "energy": 11.90263, "activity_lines": [ 250.413539, 248.989429, 248.033942, 249.456699 ] }, { "date": "2026-01-16", "close": 261.850349, "volume": 6376495, "typical_volume": 5445079.7, "trend": 251.049375, "fair_value": 238.421027, "relative_strength": -5.377612, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.496616, "energy": 37.008385, "activity_lines": [ 254.193471, 251.631596, 249.191401, 250.211912 ] }, { "date": "2026-01-23", "close": 256.672376, "volume": 5097736, "typical_volume": 5557997.45, "trend": 251.539685, "fair_value": 238.695468, "relative_strength": -6.711317, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.78607, "energy": 41.776876, "activity_lines": [ 255.775289, 252.978604, 249.845535, 250.574686 ] }, { "date": "2026-01-30", "close": 259.653934, "volume": 5757480, "typical_volume": 5648057.5, "trend": 251.738943, "fair_value": 238.893576, "relative_strength": -5.78727, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.390018, "energy": 51.581489, "activity_lines": [ 257.70532, 254.580862, 250.805529, 251.098186 ] }, { "date": "2026-02-06", "close": 291.765312, "volume": 13308703, "typical_volume": 6053095.5, "trend": 252.969327, "fair_value": 239.364148, "relative_strength": 6.044314, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 93.729762, "energy": 87.843624, "activity_lines": [ 269.647453, 261.748712, 254.817994, 253.680532 ] }, { "date": "2026-02-13", "close": 297.758244, "volume": 7945312, "typical_volume": 6278957.8, "trend": 254.548312, "fair_value": 239.84449, "relative_strength": 9.516883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.469088, "energy": 96.131541, "activity_lines": [ 280.667291, 269.17661, 259.23554, 256.57014 ] }, { "date": "2026-02-20", "close": 293.166645, "volume": 4917486, "typical_volume": 6310547.85, "trend": 255.759985, "fair_value": 240.340804, "relative_strength": 6.662245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.040675, "energy": 92.9855, "activity_lines": [ 287.209492, 274.838673, 263.017746, 259.061645 ] }, { "date": "2026-02-27", "close": 288.843386, "volume": 8532217, "typical_volume": 6451185.6, "trend": 257.134708, "fair_value": 240.77238, "relative_strength": 5.691428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.210105, "energy": 88.328803, "activity_lines": [ 290.222853, 279.016541, 266.214674, 261.196058 ] }, { "date": "2026-03-06", "close": 275.456191, "volume": 6396702, "typical_volume": 6545982.55, "trend": 257.910102, "fair_value": 241.169608, "relative_strength": 3.120915, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.588353, "energy": 79.054744, "activity_lines": [ 286.629082, 279.999362, 267.912821, 262.378089 ] }, { "date": "2026-03-13", "close": 265.34871, "volume": 6358239, "typical_volume": 6430647.85, "trend": 258.294607, "fair_value": 241.504778, "relative_strength": 1.06001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.806337, "energy": 42.474808, "activity_lines": [ 278.612667, 278.668503, 268.508651, 262.857999 ] }, { "date": "2026-03-20", "close": 256.095942, "volume": 6278293, "typical_volume": 6326445.8, "trend": 258.018385, "fair_value": 241.769878, "relative_strength": -0.472794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.099759, "energy": 22.241691, "activity_lines": [ 269.273103, 275.339278, 268.115189, 262.71615 ] }, { "date": "2026-03-27", "close": 257.447582, "volume": 6851560, "typical_volume": 6356344.9, "trend": 257.942924, "fair_value": 241.965434, "relative_strength": 2.481162, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.880683, "energy": 26.540429, "activity_lines": [ 263.161572, 272.209546, 267.777838, 262.679324 ] }, { "date": "2026-04-03", "close": 258.21, "volume": 4524837, "typical_volume": 6359306.3, "trend": 257.840865, "fair_value": 242.259993, "relative_strength": -0.39659, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.814089, "energy": 28.287976, "activity_lines": [ 259.685451, 269.298485, 267.441426, 262.696555 ] }, { "date": "2026-04-10", "close": 270.52, "volume": 5901497, "typical_volume": 6339469.15, "trend": 258.243349, "fair_value": 242.61183, "relative_strength": 0.875651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.953583, "energy": 24.59545, "activity_lines": [ 262.354889, 268.59765, 268.194944, 263.514563 ] }, { "date": "2026-04-17", "close": 272.26, "volume": 6281455, "typical_volume": 6415541.85, "trend": 258.752899, "fair_value": 242.945721, "relative_strength": -2.627954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.66463, "energy": 14.695043, "activity_lines": [ 265.933407, 268.015613, 268.990976, 264.418864 ] }, { "date": "2026-04-24", "close": 269.29, "volume": 5542258, "typical_volume": 6454729.95, "trend": 259.190273, "fair_value": 243.226213, "relative_strength": -3.959149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.304106, "energy": 14.620476, "activity_lines": [ 268.061172, 267.248219, 269.379762, 265.098676 ] }, { "date": "2026-05-01", "close": 253.958288, "volume": 9259812, "typical_volume": 6662498.95, "trend": 259.098098, "fair_value": 243.477921, "relative_strength": -9.964371, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.714729, "energy": 3.775712, "activity_lines": [ 264.198763, 264.210845, 268.200116, 264.761129 ] }, { "date": "2026-05-08", "close": 253.252489, "volume": 5821263, "typical_volume": 6497561.5, "trend": 259.478399, "fair_value": 243.735801, "relative_strength": -11.931413, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.123715, "energy": 12.860686, "activity_lines": [ 260.333706, 261.758023, 266.95711, 264.383993 ] }, { "date": "2026-05-15", "close": 246.214384, "volume": 5663178, "typical_volume": 6677395.55, "trend": 259.481583, "fair_value": 243.951433, "relative_strength": -14.201975, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.353776, "energy": 47.510447, "activity_lines": [ 254.453116, 258.672652, 265.013975, 263.52825 ] }, { "date": "2026-05-22", "close": 250.707637, "volume": 7415078, "typical_volume": 6837584.3, "trend": 259.750066, "fair_value": 244.213615, "relative_strength": -13.06795, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.090154, "energy": 50.886302, "activity_lines": [ 251.690651, 256.935907, 263.513361, 262.962189 ] }, { "date": "2026-05-29", "close": 245.816751, "volume": 6693023, "typical_volume": 6746131.2, "trend": 259.915752, "fair_value": 244.419886, "relative_strength": -15.627386, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.39299, "energy": 59.358295, "activity_lines": [ 248.734715, 254.57611, 261.533894, 262.063265 ] }, { "date": "2026-06-05", "close": 251.22456, "volume": 6160510, "typical_volume": 6735331.95, "trend": 260.210024, "fair_value": 244.611046, "relative_strength": -11.261041, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.927235, "energy": 52.563842, "activity_lines": [ 249.146265, 253.386446, 260.106289, 261.502543 ] }, { "date": "2026-06-12", "close": 255.90669, "volume": 6082779, "typical_volume": 6784584.1, "trend": 260.710396, "fair_value": 244.769596, "relative_strength": -9.874884, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.117144, "energy": 28.702724, "activity_lines": [ 251.300773, 253.161224, 259.1752, 261.224909 ] }, { "date": "2026-06-19", "close": 262.52728, "volume": 7594275, "typical_volume": 6876423.85, "trend": 261.306383, "fair_value": 245.004885, "relative_strength": -8.174915, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.271531, "energy": 12.16084, "activity_lines": [ 255.485199, 254.181624, 258.87829, 261.342127 ] }, { "date": "2026-06-26", "close": 266.125859, "volume": 7883283, "typical_volume": 6605152.85, "trend": 261.972624, "fair_value": 245.208095, "relative_strength": -4.492492, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.672026, "energy": 16.891919, "activity_lines": [ 259.781624, 256.001633, 258.910419, 261.653061 ] }, { "date": "2026-07-03", "close": 272.76, "volume": 5939958, "typical_volume": 6504885.15, "trend": 262.846179, "fair_value": 245.491977, "relative_strength": -3.974779, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.201879, "energy": 23.460174, "activity_lines": [ 265.261548, 259.13938, 259.696463, 262.349021 ] }, { "date": "2026-07-10", "close": 268.81, "volume": 5584350, "typical_volume": 6538228.35, "trend": 263.314229, "fair_value": 245.715938, "relative_strength": -6.37053, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.34944, "energy": 28.844464, "activity_lines": [ 267.628588, 261.495854, 260.225357, 262.733784 ] }, { "date": "2026-07-17", "close": 276.05, "volume": 6938373, "typical_volume": 6458536.15, "trend": 264.282969, "fair_value": 245.950267, "relative_strength": -2.182166, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.589406, "energy": 45.225948, "activity_lines": [ 271.2366, 264.89866, 261.559758, 263.555446 ] }, { "date": "2026-07-24", "close": 283.02, "volume": 7702138, "typical_volume": 6523807.95, "trend": 265.407684, "fair_value": 246.202603, "relative_strength": 1.00495, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.766259, "energy": 58.572754, "activity_lines": [ 275.825057, 269.154239, 263.618889, 264.764287 ] }, { "date": "2026-07-31", "close": 286.95, "volume": 10945034, "typical_volume": 6753147.7, "trend": 266.707143, "fair_value": 246.560447, "relative_strength": 1.3924, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.446853, "energy": 64.119857, "activity_lines": [ 280.357333, 273.45517, 266.016289, 266.154114 ] }, { "date": "2026-08-07", "close": 296.66, "volume": 5138466, "typical_volume": 6696156.35, "trend": 268.144087, "fair_value": 247.035859, "relative_strength": 1.352647, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.184415, "energy": 75.497545, "activity_lines": [ 286.738, 278.862604, 269.235586, 268.086556 ] } ], "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." } } }