{ "ticker": { "uuid": "9b2b310e-22fe-4db4-b306-f9aea08c5771", "symbol": "ETSY", "name": "Etsy, 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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 74.284, "architecture_energy": 63.594, "architecture_maturity": 46.471, "architecture_confidence": 87.03, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 4.03, "rotation_up": 68.7, "upward_expansion": 86.18, "deceleration": 58.03, "rotation_down": 18.51, "downward_expansion": 10.51 }, "activity_lines": [ 83.038667, 80.641091, 74.39681, 69.408108 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 85.55, "trend_reference": 63.910667, "distance_from_trend": 0.338587, "trend_direction": "Improving", "fair_value": 61.017468, "distance_from_fair_value": 0.402058, "fair_value_direction": "Improving", "relative_strength": 22.496043, "relative_strength_direction": "Improving", "price_momentum": 0.479592, "excess_performance": 0.353967, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.338587, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.128579, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.402058, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.366741, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.22496, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.23793, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.479592, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.414333, "read": "Demand-led" } ], "volume": { "latest": 21739714, "relative_activity": 1.49888, "balance": 2.414333, "dry_up": 1.017933, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.082658, "annualized_volatility": 0.571474, "from_high_reference": -0.027549, "from_low_reference": 0.944318 }, "levels": { "trend_reference": 63.910667, "fair_value_reference": 61.017468, "structural_low": 44.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.098009, "positive_rate": 0.466667, "directional_follow_through": 0.466667, "median_excess_return": -0.076459, "regime_survival": 0.733333, "best_return": 0.226648, "worst_return": -0.347407, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.140773, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.148489, "regime_survival": 0.5, "best_return": 0.071292, "worst_return": -0.419704, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.378333, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.428273, "regime_survival": 0.0, "best_return": -0.09886, "worst_return": -0.394904, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.416044, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.345066, "regime_survival": 0.333333, "best_return": 0.389825, "worst_return": -0.510055, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-03-07", "tenure": "Established", "return": -0.183246, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-30", "tenure": "Developing", "return": 0.212486, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": -0.147939, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.079316, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-05", "tenure": "Developing", "return": -0.080143, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-09-26", "tenure": "New", "return": 0.088904, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-11-28", "tenure": "Developing", "return": -0.250898, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-05", "end": "2025-12-26", "tenure": "New", "return": 0.046752, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": 0.078387, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.239987, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.186278, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.006052, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": -0.031066, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.25957, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 73.78, "volume": 17065241, "typical_volume": 16167030.25, "trend": 101.2965, "fair_value": 147.13891, "relative_strength": -36.487552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.487562, "energy": 65.668548, "activity_lines": [ 81.082, 85.031091, 87.690048, 92.341925 ] }, { "date": "2023-08-25", "close": 72.31, "volume": 13430401, "typical_volume": 16177015.4, "trend": 99.1135, "fair_value": 146.835385, "relative_strength": -37.807556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.465771, "energy": 81.869479, "activity_lines": [ 76.626667, 82.332364, 85.925476, 90.471828 ] }, { "date": "2023-09-01", "close": 74.635, "volume": 10302950, "typical_volume": 16036362.2, "trend": 96.684667, "fair_value": 146.595609, "relative_strength": -36.905759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.126673, "energy": 78.888225, "activity_lines": [ 74.575, 80.461636, 84.533524, 88.89257 ] }, { "date": "2023-09-08", "close": 67.13, "volume": 13398159, "typical_volume": 16149779.25, "trend": 94.518, "fair_value": 146.315865, "relative_strength": -41.994629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.609047, "energy": 85.184969, "activity_lines": [ 71.688, 77.486273, 82.559643, 86.985817 ] }, { "date": "2023-09-15", "close": 64.94, "volume": 24993987, "typical_volume": 16763357.45, "trend": 92.36, "fair_value": 146.015801, "relative_strength": -43.236885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.018357, "energy": 84.731584, "activity_lines": [ 69.035, 74.430545, 80.543476, 85.077559 ] }, { "date": "2023-09-22", "close": 63.8, "volume": 16903999, "typical_volume": 16137330.45, "trend": 90.349833, "fair_value": 145.666571, "relative_strength": -42.045292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.796324, "energy": 83.41956, "activity_lines": [ 66.782, 71.491545, 78.590595, 83.234978 ] }, { "date": "2023-09-29", "close": 64.58, "volume": 16810674, "typical_volume": 16178313.4, "trend": 88.455167, "fair_value": 145.236763, "relative_strength": -40.333382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.553762, "energy": 79.165838, "activity_lines": [ 65.454333, 69.211636, 76.836762, 81.572409 ] }, { "date": "2023-10-06", "close": 62.72, "volume": 17301005, "typical_volume": 16053008.55, "trend": 87.013167, "fair_value": 144.698622, "relative_strength": -41.605759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.583508, "energy": 74.270441, "activity_lines": [ 64.022, 67.178273, 75.049119, 79.912075 ] }, { "date": "2023-10-13", "close": 63.17, "volume": 15371816, "typical_volume": 16094453.8, "trend": 85.6075, "fair_value": 144.157468, "relative_strength": -40.925923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.915032, "energy": 70.894123, "activity_lines": [ 63.534, 65.897818, 73.429952, 78.373806 ] }, { "date": "2023-10-20", "close": 64.9, "volume": 19654137, "typical_volume": 16304938.25, "trend": 84.209167, "fair_value": 143.689872, "relative_strength": -37.238985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.279436, "energy": 59.524225, "activity_lines": [ 63.886667, 65.266818, 72.082024, 77.037839 ] }, { "date": "2023-10-27", "close": 62.46, "volume": 16256537, "typical_volume": 16185083.35, "trend": 82.580167, "fair_value": 143.310833, "relative_strength": -37.546003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.049083, "energy": 58.049912, "activity_lines": [ 63.428667, 64.405636, 70.597476, 75.634667 ] }, { "date": "2023-11-03", "close": 65.25, "volume": 30836704, "typical_volume": 16885581.3, "trend": 81.2865, "fair_value": 142.79141, "relative_strength": -37.793223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.241111, "energy": 54.219139, "activity_lines": [ 63.99, 64.257545, 69.51569, 74.516591 ] }, { "date": "2023-11-10", "close": 63.24, "volume": 15132479, "typical_volume": 16950758.8, "trend": 79.976833, "fair_value": 142.396026, "relative_strength": -39.793731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.144927, "energy": 52.782167, "activity_lines": [ 63.836667, 63.872364, 68.382238, 73.352301 ] }, { "date": "2023-11-17", "close": 72.53, "volume": 20027964, "typical_volume": 17272961.9, "trend": 78.992833, "fair_value": 141.963141, "relative_strength": -31.78604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.02109, "energy": 34.082274, "activity_lines": [ 66.745333, 65.383455, 68.255881, 72.87186 ] }, { "date": "2023-11-24", "close": 71.82, "volume": 8755799, "typical_volume": 17131325.7, "trend": 78.019167, "fair_value": 141.394359, "relative_strength": -32.316943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.725704, "energy": 23.973121, "activity_lines": [ 68.793333, 66.667273, 68.119429, 72.409097 ] }, { "date": "2023-12-01", "close": 82.04, "volume": 24666399, "typical_volume": 17491217.05, "trend": 77.753833, "fair_value": 140.926474, "relative_strength": -22.221352, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.897445, "energy": 25.775688, "activity_lines": [ 73.786667, 69.684182, 69.008405, 72.668505 ] }, { "date": "2023-12-08", "close": 80.08, "volume": 20522589, "typical_volume": 17779229.05, "trend": 77.267167, "fair_value": 140.349936, "relative_strength": -23.275354, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.517879, "energy": 35.138693, "activity_lines": [ 76.821333, 72.013091, 69.759333, 72.818581 ] }, { "date": "2023-12-15", "close": 80.68, "volume": 41066405, "typical_volume": 19255380.75, "trend": 76.9865, "fair_value": 139.644295, "relative_strength": -23.458974, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.350773, "energy": 43.888723, "activity_lines": [ 79.067333, 74.169273, 70.646738, 73.038763 ] }, { "date": "2023-12-22", "close": 84.95, "volume": 22852518, "typical_volume": 19141722.85, "trend": 76.967167, "fair_value": 138.96891, "relative_strength": -19.053252, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.251483, "energy": 62.62873, "activity_lines": [ 81.574, 76.775273, 72.031048, 73.552538 ] }, { "date": "2023-12-29", "close": 81.05, "volume": 9195208, "typical_volume": 18727248.55, "trend": 76.835167, "fair_value": 138.348013, "relative_strength": -22.041271, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.615245, "energy": 57.253533, "activity_lines": [ 81.952667, 78.276182, 73.027929, 73.815946 ] }, { "date": "2024-01-05", "close": 75.64, "volume": 19961601, "typical_volume": 18872066.55, "trend": 76.315167, "fair_value": 137.706923, "relative_strength": -25.082588, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.944296, "energy": 30.140363, "activity_lines": [ 79.912667, 78.499818, 73.488571, 73.738839 ] }, { "date": "2024-01-12", "close": 70.34, "volume": 18233386, "typical_volume": 19112215.8, "trend": 75.5065, "fair_value": 136.847436, "relative_strength": -30.399202, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 2.877121, "energy": 10.191451, "activity_lines": [ 76.532667, 77.520182, 73.435595, 73.353344 ] }, { "date": "2024-01-19", "close": 70.66, "volume": 21326882, "typical_volume": 19663412.4, "trend": 74.8975, "fair_value": 135.931218, "relative_strength": -29.693965, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.598631, "energy": 13.896085, "activity_lines": [ 73.908667, 76.506182, 73.422476, 73.040667 ] }, { "date": "2024-01-26", "close": 69.53, "volume": 13837701, "typical_volume": 19685389.5, "trend": 74.394833, "fair_value": 135.100705, "relative_strength": -30.222588, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.004204, "energy": 23.098278, "activity_lines": [ 71.576, 75.151818, 73.320667, 72.694376 ] }, { "date": "2024-02-02", "close": 75.7, "volume": 28766441, "typical_volume": 19874012.2, "trend": 74.1595, "fair_value": 134.104423, "relative_strength": -23.587319, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.799199, "energy": 16.250278, "activity_lines": [ 72.328, 74.973818, 73.795048, 72.778581 ] }, { "date": "2024-02-09", "close": 78.09, "volume": 14248151, "typical_volume": 19741219.8, "trend": 73.6875, "fair_value": 133.105897, "relative_strength": -20.939867, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.405015, "energy": 9.554132, "activity_lines": [ 74.233333, 75.159818, 74.44581, 73.032161 ] }, { "date": "2024-02-16", "close": 76.57, "volume": 14992445, "typical_volume": 19650308.35, "trend": 73.015167, "fair_value": 132.139872, "relative_strength": -20.904317, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.838517, "energy": 20.101462, "activity_lines": [ 75.468667, 75.141273, 74.883762, 73.218129 ] }, { "date": "2024-02-23", "close": 73.98, "volume": 30042988, "typical_volume": 20287407.5, "trend": 72.160167, "fair_value": 131.202115, "relative_strength": -23.527926, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.278986, "energy": 19.867343, "activity_lines": [ 75.425333, 74.715636, 75.017952, 73.280376 ] }, { "date": "2024-03-01", "close": 69.81, "volume": 16370315, "typical_volume": 20337332.45, "trend": 71.7675, "fair_value": 130.365641, "relative_strength": -27.302507, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.605406, "energy": 9.617633, "activity_lines": [ 73.770667, 73.653636, 74.701381, 73.128753 ] }, { "date": "2024-03-08", "close": 72.31, "volume": 19044536, "typical_volume": 20306852.4, "trend": 71.623167, "fair_value": 129.411603, "relative_strength": -23.451657, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.783171, "energy": 9.992948, "activity_lines": [ 72.930667, 73.321455, 74.591286, 73.163753 ] }, { "date": "2024-03-15", "close": 66.26, "volume": 20702391, "typical_volume": 20529145.1, "trend": 71.3725, "fair_value": 128.455513, "relative_strength": -28.749698, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.62032, "energy": 31.08737, "activity_lines": [ 70.3, 72.048182, 73.869714, 72.817742 ] }, { "date": "2024-03-22", "close": 67.82, "volume": 16619532, "typical_volume": 19818286.5, "trend": 71.222833, "fair_value": 127.593333, "relative_strength": -27.566313, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.223471, "energy": 38.645601, "activity_lines": [ 68.978, 71.229091, 73.278619, 72.588548 ] }, { "date": "2024-03-29", "close": 68.72, "volume": 9202920, "typical_volume": 19521808.55, "trend": 71.025667, "fair_value": 126.699231, "relative_strength": -25.7168, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.236105, "energy": 37.678298, "activity_lines": [ 68.539333, 70.619455, 72.761, 72.427075 ] }, { "date": "2024-04-05", "close": 64.98, "volume": 14277069, "typical_volume": 19234263.8, "trend": 70.954, "fair_value": 125.714679, "relative_strength": -28.093597, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.471161, "energy": 50.730946, "activity_lines": [ 67.204667, 69.365091, 71.861095, 72.037032 ] }, { "date": "2024-04-12", "close": 67.05, "volume": 11903066, "typical_volume": 19391627.15, "trend": 71.024333, "fair_value": 124.734295, "relative_strength": -23.683652, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.464114, "energy": 40.775244, "activity_lines": [ 66.882, 68.569818, 71.194286, 71.785161 ] }, { "date": "2024-04-19", "close": 66.76, "volume": 14753234, "typical_volume": 18895968.9, "trend": 71.123, "fair_value": 123.786667, "relative_strength": -20.572581, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.139798, "energy": 34.354129, "activity_lines": [ 66.813333, 67.879091, 70.522571, 71.510043 ] }, { "date": "2024-04-26", "close": 67.43, "volume": 12093441, "typical_volume": 18474511.5, "trend": 71.218, "fair_value": 122.944615, "relative_strength": -20.822633, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.111772, "energy": 31.720518, "activity_lines": [ 66.934667, 67.516182, 69.987429, 71.271785 ] }, { "date": "2024-05-03", "close": 59.97, "volume": 37470405, "typical_volume": 18294711.5, "trend": 71.126333, "fair_value": 122.268077, "relative_strength": -29.153973, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.323953, "energy": 54.641686, "activity_lines": [ 64.595333, 65.963091, 68.802048, 70.546108 ] }, { "date": "2024-05-10", "close": 61.92, "volume": 16601234, "typical_volume": 17982147.3, "trend": 71.084667, "fair_value": 121.619423, "relative_strength": -27.22365, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.793107, "energy": 56.172646, "activity_lines": [ 63.489333, 65.019273, 67.901, 69.952151 ] }, { "date": "2024-05-17", "close": 63.97, "volume": 15008973, "typical_volume": 18272835.55, "trend": 71.053667, "fair_value": 120.955385, "relative_strength": -25.199314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.513569, "energy": 55.282733, "activity_lines": [ 63.270667, 64.591636, 67.304857, 69.49314 ] }, { "date": "2024-05-24", "close": 60.62, "volume": 14896038, "typical_volume": 18019557.4, "trend": 70.992333, "fair_value": 120.288013, "relative_strength": -28.329276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.611871, "energy": 67.305834, "activity_lines": [ 62.140667, 63.706545, 66.471, 68.82 ] }, { "date": "2024-05-31", "close": 63.47, "volume": 12601615, "typical_volume": 17737968.85, "trend": 70.933, "fair_value": 119.642436, "relative_strength": -23.921557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.9881, "energy": 49.059029, "activity_lines": [ 62.37, 63.442182, 65.980095, 68.334688 ] }, { "date": "2024-06-07", "close": 65.28, "volume": 14522149, "typical_volume": 17397732.2, "trend": 71.001, "fair_value": 118.997949, "relative_strength": -21.840541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.480722, "energy": 34.607177, "activity_lines": [ 63.466667, 63.586, 65.694286, 67.969978 ] }, { "date": "2024-06-14", "close": 58.87, "volume": 14954959, "typical_volume": 17453595.1, "trend": 70.545667, "fair_value": 118.286731, "relative_strength": -29.710933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.315053, "energy": 43.931149, "activity_lines": [ 62.072667, 62.626909, 64.823619, 67.187333 ] }, { "date": "2024-06-21", "close": 60.17, "volume": 16066748, "typical_volume": 16818610.45, "trend": 70.157333, "fair_value": 117.487821, "relative_strength": -27.740928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.611111, "energy": 40.472687, "activity_lines": [ 61.315333, 62.015273, 64.127524, 66.517935 ] }, { "date": "2024-06-28", "close": 58.98, "volume": 17203599, "typical_volume": 16966382.85, "trend": 69.388667, "fair_value": 116.599423, "relative_strength": -28.364935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.813105, "energy": 44.972329, "activity_lines": [ 60.414667, 61.312364, 63.392048, 65.796817 ] }, { "date": "2024-07-05", "close": 58.45, "volume": 7741099, "typical_volume": 16603815.55, "trend": 68.667667, "fair_value": 115.723526, "relative_strength": -29.572621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.984027, "energy": 60.157764, "activity_lines": [ 59.446667, 60.654545, 62.697095, 65.091097 ] }, { "date": "2024-07-12", "close": 60.5, "volume": 18011117, "typical_volume": 16002222.0, "trend": 67.995, "fair_value": 114.929167, "relative_strength": -26.857288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.572545, "energy": 42.901062, "activity_lines": [ 59.496667, 60.532727, 62.283667, 64.564151 ] }, { "date": "2024-07-19", "close": 62.76, "volume": 15543515, "typical_volume": 15960882.0, "trend": 67.255333, "fair_value": 113.992628, "relative_strength": -21.55656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.179244, "energy": 33.410772, "activity_lines": [ 60.618667, 60.812182, 62.149667, 64.226409 ] }, { "date": "2024-07-26", "close": 62.27, "volume": 14950779, "typical_volume": 15756194.15, "trend": 66.629333, "fair_value": 113.215449, "relative_strength": -20.397351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.825022, "energy": 22.527131, "activity_lines": [ 61.318, 60.987273, 62.002571, 63.904774 ] }, { "date": "2024-08-02", "close": 59.35, "volume": 21958060, "typical_volume": 15818977.6, "trend": 66.086333, "fair_value": 112.452564, "relative_strength": -21.713853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.075521, "energy": 23.115561, "activity_lines": [ 60.904, 60.662364, 61.62519, 63.43514 ] }, { "date": "2024-08-09", "close": 54.97, "volume": 22502720, "typical_volume": 16113137.0, "trend": 65.574, "fair_value": 111.573654, "relative_strength": -26.798469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.742256, "energy": 38.652112, "activity_lines": [ 59.005333, 59.564182, 60.863571, 62.717957 ] }, { "date": "2024-08-16", "close": 53.91, "volume": 15768904, "typical_volume": 16441436.2, "trend": 65.015667, "fair_value": 110.641859, "relative_strength": -30.265478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.249269, "energy": 61.181351, "activity_lines": [ 56.985333, 58.427818, 60.06219, 61.965441 ] }, { "date": "2024-08-23", "close": 55.4, "volume": 11724033, "typical_volume": 16313784.4, "trend": 64.544667, "fair_value": 109.648269, "relative_strength": -28.665078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.28114, "energy": 67.929662, "activity_lines": [ 55.901333, 57.769091, 59.473238, 61.345075 ] }, { "date": "2024-08-30", "close": 55.09, "volume": 18941813, "typical_volume": 16665721.75, "trend": 63.857667, "fair_value": 108.588718, "relative_strength": -28.563126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.348199, "energy": 69.547046, "activity_lines": [ 55.204667, 57.117091, 58.900381, 60.735097 ] }, { "date": "2024-09-06", "close": 53.19, "volume": 13882118, "typical_volume": 16622165.95, "trend": 63.027667, "fair_value": 107.538526, "relative_strength": -27.496244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.02164, "energy": 69.171399, "activity_lines": [ 54.353333, 56.212, 58.203524, 60.04686 ] }, { "date": "2024-09-13", "close": 55.65, "volume": 21250726, "typical_volume": 17080030.2, "trend": 62.330333, "fair_value": 106.440256, "relative_strength": -26.555633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.388587, "energy": 48.825203, "activity_lines": [ 54.732667, 55.859455, 57.805571, 59.570882 ] }, { "date": "2024-09-20", "close": 53.91, "volume": 52223124, "typical_volume": 17817666.15, "trend": 61.661333, "fair_value": 105.357308, "relative_strength": -29.292076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.009775, "energy": 44.821102, "activity_lines": [ 54.486667, 55.241455, 57.298, 59.027634 ] }, { "date": "2024-09-27", "close": 57.14, "volume": 19670547, "typical_volume": 17971131.8, "trend": 61.239, "fair_value": 104.413526, "relative_strength": -24.906045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.637476, "energy": 34.899261, "activity_lines": [ 55.317333, 55.330545, 57.126905, 58.735935 ] }, { "date": "2024-10-04", "close": 52.8, "volume": 15041413, "typical_volume": 17972753.8, "trend": 60.588667, "fair_value": 103.392885, "relative_strength": -30.229823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.776332, "energy": 36.208298, "activity_lines": [ 54.585333, 54.732727, 56.565238, 58.191484 ] }, { "date": "2024-10-11", "close": 49.69, "volume": 13710352, "typical_volume": 17913469.5, "trend": 60.036333, "fair_value": 102.294167, "relative_strength": -34.489545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.454901, "energy": 46.914639, "activity_lines": [ 52.969333, 53.741636, 55.760571, 57.488344 ] }, { "date": "2024-10-18", "close": 51.56, "volume": 17365220, "typical_volume": 18151649.75, "trend": 59.494333, "fair_value": 101.078077, "relative_strength": -31.926747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.706302, "energy": 44.680344, "activity_lines": [ 52.21, 53.266182, 55.186048, 56.941484 ] }, { "date": "2024-10-25", "close": 48.64, "volume": 13416782, "typical_volume": 18096381.4, "trend": 58.825, "fair_value": 99.782885, "relative_strength": -34.484262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.069718, "energy": 68.744024, "activity_lines": [ 50.75, 52.321818, 54.390143, 56.241204 ] }, { "date": "2024-11-01", "close": 52.77, "volume": 29122847, "typical_volume": 18804775.8, "trend": 58.418, "fair_value": 98.453718, "relative_strength": -27.274012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.244999, "energy": 57.26675, "activity_lines": [ 51.018, 52.224182, 54.06681, 55.850559 ] }, { "date": "2024-11-08", "close": 53.31, "volume": 17669401, "typical_volume": 18884908.45, "trend": 57.96, "fair_value": 97.050897, "relative_strength": -29.261047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.732557, "energy": 37.913239, "activity_lines": [ 51.757333, 52.272545, 53.823952, 55.521011 ] }, { "date": "2024-11-15", "close": 49.63, "volume": 18925674, "typical_volume": 18971012.2, "trend": 57.389, "fair_value": 95.481987, "relative_strength": -31.931475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.529058, "energy": 39.657942, "activity_lines": [ 51.236, 51.684182, 53.263286, 54.983591 ] }, { "date": "2024-11-22", "close": 52.3, "volume": 13383778, "typical_volume": 19253146.15, "trend": 56.884667, "fair_value": 93.949423, "relative_strength": -28.650844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.737467, "energy": 27.608522, "activity_lines": [ 51.608667, 51.646, 53.001429, 54.655269 ] }, { "date": "2024-11-29", "close": 54.86, "volume": 16157514, "typical_volume": 19160466.0, "trend": 56.714333, "fair_value": 92.818205, "relative_strength": -24.977079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.883971, "energy": 16.605777, "activity_lines": [ 52.785333, 52.134182, 53.012667, 54.524645 ] }, { "date": "2024-12-06", "close": 57.3, "volume": 17367779, "typical_volume": 19251679.2, "trend": 56.560333, "fair_value": 91.74141, "relative_strength": -21.294503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.82857, "energy": 9.89837, "activity_lines": [ 54.360667, 53.048727, 53.283143, 54.56243 ] }, { "date": "2024-12-13", "close": 58.98, "volume": 14139550, "typical_volume": 19211117.75, "trend": 56.394, "fair_value": 90.698974, "relative_strength": -17.498655, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.631261, "energy": 17.961756, "activity_lines": [ 56.194, 54.265818, 53.739619, 54.718538 ] }, { "date": "2024-12-20", "close": 56.81, "volume": 35941847, "typical_volume": 19910307.1, "trend": 56.267, "fair_value": 89.601026, "relative_strength": -17.909966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.053318, "energy": 22.714943, "activity_lines": [ 56.926, 54.976, 54.005095, 54.745376 ] }, { "date": "2024-12-27", "close": 52.71, "volume": 9577762, "typical_volume": 19264059.2, "trend": 55.908333, "fair_value": 88.535449, "relative_strength": -23.268242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.648707, "energy": 16.753887, "activity_lines": [ 55.812667, 54.811273, 53.89219, 54.515892 ] }, { "date": "2025-01-03", "close": 53.9, "volume": 12382565, "typical_volume": 19094742.25, "trend": 55.529, "fair_value": 87.694103, "relative_strength": -20.163929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.685816, "energy": 10.541736, "activity_lines": [ 55.068667, 54.842, 53.903381, 54.386323 ] }, { "date": "2025-01-10", "close": 52.57, "volume": 13688031, "typical_volume": 19192942.15, "trend": 55.319, "fair_value": 86.981731, "relative_strength": -19.800299, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.814593, "energy": 17.025627, "activity_lines": [ 53.945333, 54.535273, 53.787952, 54.195419 ] }, { "date": "2025-01-17", "close": 53.12, "volume": 12155544, "typical_volume": 18853628.7, "trend": 55.084, "fair_value": 86.368077, "relative_strength": -20.473629, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.853681, "energy": 21.899458, "activity_lines": [ 53.320667, 54.332182, 53.738381, 54.053548 ] }, { "date": "2025-01-24", "close": 52.23, "volume": 11473855, "typical_volume": 18733215.55, "trend": 54.859, "fair_value": 85.767308, "relative_strength": -22.359984, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.123752, "energy": 23.603905, "activity_lines": [ 52.79, 53.970727, 53.613429, 53.869419 ] }, { "date": "2025-01-31", "close": 54.91, "volume": 13391568, "typical_volume": 18340257.65, "trend": 54.741, "fair_value": 85.262436, "relative_strength": -16.616694, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.485974, "energy": 16.683505, "activity_lines": [ 53.458, 54.049273, 53.748286, 53.87271 ] }, { "date": "2025-02-07", "close": 54.4, "volume": 13762201, "typical_volume": 16417211.5, "trend": 54.537667, "fair_value": 84.702372, "relative_strength": -16.25697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.083937, "energy": 11.746802, "activity_lines": [ 53.809333, 53.987636, 53.838095, 53.85071 ] }, { "date": "2025-02-14", "close": 57.2, "volume": 13692974, "typical_volume": 16118332.85, "trend": 54.352333, "fair_value": 84.253013, "relative_strength": -12.277821, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.836305, "energy": 14.875354, "activity_lines": [ 55.060667, 54.443455, 54.192238, 54.022473 ] }, { "date": "2025-02-21", "close": 51.26, "volume": 31183692, "typical_volume": 16925446.8, "trend": 53.985333, "fair_value": 83.626859, "relative_strength": -19.206383, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.687161, "energy": 6.226492, "activity_lines": [ 54.023333, 53.821091, 53.980381, 53.822968 ] }, { "date": "2025-02-28", "close": 51.19, "volume": 20564564, "typical_volume": 17268157.4, "trend": 53.713333, "fair_value": 82.983397, "relative_strength": -17.761197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.652089, "energy": 10.840133, "activity_lines": [ 53.086667, 53.326364, 53.76919, 53.642624 ] }, { "date": "2025-03-07", "close": 46.8, "volume": 20711883, "typical_volume": 17435490.55, "trend": 53.441, "fair_value": 82.506282, "relative_strength": -21.539127, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.258134, "energy": 50.605933, "activity_lines": [ 50.756, 52.135636, 53.132762, 53.196602 ] }, { "date": "2025-03-14", "close": 45.65, "volume": 25188513, "typical_volume": 18024077.1, "trend": 53.165667, "fair_value": 81.850192, "relative_strength": -20.948859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.734172, "energy": 63.658071, "activity_lines": [ 48.582667, 50.843273, 52.409476, 52.693957 ] }, { "date": "2025-03-21", "close": 45.11, "volume": 25552631, "typical_volume": 17845566.3, "trend": 52.822667, "fair_value": 81.291154, "relative_strength": -21.520225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.956225, "energy": 71.878764, "activity_lines": [ 46.812667, 49.602727, 51.649, 52.174237 ] }, { "date": "2025-03-28", "close": 46.69, "volume": 16898572, "typical_volume": 17807024.85, "trend": 52.542667, "fair_value": 80.776026, "relative_strength": -16.785494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.768627, "energy": 70.577947, "activity_lines": [ 46.375333, 48.785091, 51.075476, 51.778581 ] }, { "date": "2025-04-04", "close": 44.42, "volume": 26477632, "typical_volume": 18184622.75, "trend": 52.250333, "fair_value": 80.313462, "relative_strength": -12.285754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.303057, "energy": 69.004523, "activity_lines": [ 45.486, 47.671636, 50.317286, 51.254538 ] }, { "date": "2025-04-11", "close": 43.6, "volume": 25365970, "typical_volume": 18783732.35, "trend": 51.848667, "fair_value": 79.850705, "relative_strength": -17.716935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.219014, "energy": 62.989111, "activity_lines": [ 44.774667, 46.551091, 49.50581, 50.696452 ] }, { "date": "2025-04-18", "close": 44.15, "volume": 11169379, "typical_volume": 18534325.6, "trend": 51.523333, "fair_value": 79.502885, "relative_strength": -14.615683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.32043, "energy": 47.430421, "activity_lines": [ 44.46, 45.736182, 48.788143, 50.199763 ] }, { "date": "2025-04-25", "close": 45.86, "volume": 23454394, "typical_volume": 18838656.35, "trend": 51.147333, "fair_value": 79.199487, "relative_strength": -14.355053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.211316, "energy": 42.005799, "activity_lines": [ 44.815333, 45.418545, 48.284333, 49.834387 ] }, { "date": "2025-05-02", "close": 44.3, "volume": 33829167, "typical_volume": 19823137.2, "trend": 50.864, "fair_value": 78.929744, "relative_strength": -18.970635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.296841, "energy": 39.611488, "activity_lines": [ 44.600667, 45.023455, 47.686429, 49.392624 ] }, { "date": "2025-05-09", "close": 46.94, "volume": 19134294, "typical_volume": 18982759.55, "trend": 50.772333, "fair_value": 78.640385, "relative_strength": -13.129077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.001829, "energy": 28.140041, "activity_lines": [ 45.425333, 45.234909, 47.409857, 49.139462 ] }, { "date": "2025-05-16", "close": 47.02, "volume": 24777610, "typical_volume": 19742751.95, "trend": 50.621, "fair_value": 78.439615, "relative_strength": -16.630139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.251016, "energy": 21.788266, "activity_lines": [ 46.108667, 45.538182, 47.187905, 48.897376 ] }, { "date": "2025-05-23", "close": 47.6, "volume": 18109101, "typical_volume": 20029078.75, "trend": 50.586333, "fair_value": 78.218141, "relative_strength": -12.806224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.222995, "energy": 17.750717, "activity_lines": [ 46.757333, 45.942909, 47.048286, 48.702473 ] }, { "date": "2025-05-30", "close": 55.35, "volume": 29517863, "typical_volume": 20820570.35, "trend": 50.672333, "fair_value": 78.053846, "relative_strength": 0.193496, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.58391, "energy": 18.3334, "activity_lines": [ 49.759333, 47.721273, 47.676762, 49.009806 ] }, { "date": "2025-06-06", "close": 63.81, "volume": 37249754, "typical_volume": 22075280.85, "trend": 51.022333, "fair_value": 77.976731, "relative_strength": 14.032549, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.000735, "energy": 59.799768, "activity_lines": [ 54.948667, 50.851636, 49.097714, 49.857398 ] }, { "date": "2025-06-13", "close": 55.99, "volume": 39330712, "typical_volume": 23468123.7, "trend": 51.234333, "fair_value": 77.873397, "relative_strength": 0.749354, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.260872, "energy": 55.452945, "activity_lines": [ 56.230667, 52.248909, 49.723, 50.177892 ] }, { "date": "2025-06-20", "close": 56.16, "volume": 29282152, "typical_volume": 24262652.9, "trend": 51.363, "fair_value": 77.697372, "relative_strength": 1.581372, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.455511, "energy": 58.519375, "activity_lines": [ 56.966, 53.466727, 50.346571, 50.495677 ] }, { "date": "2025-06-27", "close": 50.64, "volume": 28336170, "typical_volume": 24991351.35, "trend": 51.222333, "fair_value": 77.510385, "relative_strength": -10.972494, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.834927, "energy": 46.325782, "activity_lines": [ 55.252, 53.452545, 50.438476, 50.449032 ] }, { "date": "2025-07-04", "close": 54.37, "volume": 20883058, "typical_volume": 25350855.55, "trend": 51.124667, "fair_value": 77.29, "relative_strength": -5.621763, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.666728, "energy": 22.198836, "activity_lines": [ 54.578667, 53.998545, 50.903524, 50.652108 ] }, { "date": "2025-07-11", "close": 57.87, "volume": 23278159, "typical_volume": 24955578.9, "trend": 51.087667, "fair_value": 77.132115, "relative_strength": 1.080688, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 36.059925, "energy": 25.428264, "activity_lines": [ 55.137333, 55.026182, 51.715381, 51.08729 ] }, { "date": "2025-07-18", "close": 59.64, "volume": 19253214, "typical_volume": 24890011.4, "trend": 51.182, "fair_value": 76.891923, "relative_strength": 3.965974, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.061012, "energy": 38.422718, "activity_lines": [ 56.682, 56.128909, 52.664333, 51.639054 ] }, { "date": "2025-07-25", "close": 62.46, "volume": 27183253, "typical_volume": 25213579.9, "trend": 51.507, "fair_value": 76.627436, "relative_strength": 7.657079, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.003752, "energy": 60.150932, "activity_lines": [ 58.923333, 57.513455, 53.841619, 52.366667 ] }, { "date": "2025-08-01", "close": 58.77, "volume": 40320665, "typical_volume": 25970187.5, "trend": 51.669333, "fair_value": 76.303013, "relative_strength": 4.2039, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.00077, "energy": 56.777332, "activity_lines": [ 59.514667, 57.946364, 54.592905, 52.835247 ] }, { "date": "2025-08-08", "close": 60.91, "volume": 23309966, "typical_volume": 25858054.25, "trend": 51.947333, "fair_value": 75.924808, "relative_strength": 5.575389, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.519021, "energy": 57.673376, "activity_lines": [ 60.277333, 58.565273, 55.485524, 53.431419 ] }, { "date": "2025-08-15", "close": 66.43, "volume": 29139086, "typical_volume": 26470079.95, "trend": 52.391, "fair_value": 75.664679, "relative_strength": 13.907406, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.084149, "energy": 61.829357, "activity_lines": [ 62.444, 60.086727, 56.828619, 54.365785 ] }, { "date": "2025-08-22", "close": 62.66, "volume": 21037938, "typical_volume": 26198095.25, "trend": 52.738667, "fair_value": 75.398077, "relative_strength": 7.192538, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.250228, "energy": 43.137039, "activity_lines": [ 62.783333, 60.875091, 57.718667, 55.028301 ] }, { "date": "2025-08-29", "close": 53.01, "volume": 33271705, "typical_volume": 26593382.0, "trend": 52.675333, "fair_value": 75.060192, "relative_strength": -8.955092, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.11542, "energy": 25.023093, "activity_lines": [ 59.704667, 59.787636, 57.60281, 55.045806 ] }, { "date": "2025-09-05", "close": 54.06, "volume": 19585535, "typical_volume": 27014189.8, "trend": 52.664, "fair_value": 74.69891, "relative_strength": -7.146711, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.906086, "energy": 16.67093, "activity_lines": [ 57.606, 58.948364, 57.542143, 55.13514 ] }, { "date": "2025-09-12", "close": 58.94, "volume": 35750964, "typical_volume": 27629018.3, "trend": 52.722, "fair_value": 74.384231, "relative_strength": -0.104655, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.152431, "energy": 19.511025, "activity_lines": [ 57.448, 58.934182, 57.899048, 55.540043 ] }, { "date": "2025-09-19", "close": 64.99, "volume": 29846416, "typical_volume": 27429880.75, "trend": 53.179667, "fair_value": 74.182436, "relative_strength": 8.760987, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.147496, "energy": 23.39722, "activity_lines": [ 59.438, 59.936909, 58.769857, 56.331527 ] }, { "date": "2025-09-26", "close": 64.18, "volume": 20409845, "typical_volume": 27493658.3, "trend": 53.612667, "fair_value": 73.951987, "relative_strength": 7.807805, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.11678, "energy": 32.17542, "activity_lines": [ 61.254, 60.662909, 59.465, 57.041226 ] }, { "date": "2025-10-03", "close": 72.38, "volume": 63764076, "typical_volume": 29442981.6, "trend": 54.465333, "fair_value": 73.708013, "relative_strength": 19.857734, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.349413, "energy": 65.616175, "activity_lines": [ 65.702, 62.797273, 60.859, 58.252022 ] }, { "date": "2025-10-10", "close": 68.73, "volume": 22570889, "typical_volume": 29666071.0, "trend": 55.234667, "fair_value": 73.555962, "relative_strength": 16.17777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.07918, "energy": 68.589859, "activity_lines": [ 67.642, 64.087636, 61.784619, 59.172323 ] }, { "date": "2025-10-17", "close": 70.46, "volume": 17061342, "typical_volume": 29043244.95, "trend": 56.079667, "fair_value": 73.360769, "relative_strength": 16.64819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.652397, "energy": 70.710642, "activity_lines": [ 69.180667, 65.511455, 62.774381, 60.154602 ] }, { "date": "2025-10-24", "close": 73.9, "volume": 12317350, "typical_volume": 27796624.75, "trend": 56.986667, "fair_value": 73.206859, "relative_strength": 19.411361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.776614, "energy": 75.291734, "activity_lines": [ 71.098, 67.387091, 64.01981, 61.304301 ] }, { "date": "2025-10-31", "close": 62.0, "volume": 34497554, "typical_volume": 27554966.85, "trend": 57.572667, "fair_value": 72.973846, "relative_strength": -0.468716, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.126379, "energy": 40.665367, "activity_lines": [ 68.454667, 66.963273, 64.083857, 61.627742 ] }, { "date": "2025-11-07", "close": 59.09, "volume": 20770715, "typical_volume": 27129395.0, "trend": 58.089, "fair_value": 72.611346, "relative_strength": -3.529098, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.707538, "energy": 19.563585, "activity_lines": [ 64.986667, 66.022364, 63.842143, 61.725634 ] }, { "date": "2025-11-14", "close": 57.1, "volume": 22970975, "typical_volume": 26861135.25, "trend": 58.520667, "fair_value": 72.247115, "relative_strength": -6.895963, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.281366, "energy": 14.252779, "activity_lines": [ 61.741333, 64.609091, 63.396952, 61.661828 ] }, { "date": "2025-11-21", "close": 53.09, "volume": 19768171, "typical_volume": 26805390.9, "trend": 58.761667, "fair_value": 71.816218, "relative_strength": -11.584823, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -27.360156, "energy": 31.192118, "activity_lines": [ 57.934667, 62.411455, 62.539095, 61.311462 ] }, { "date": "2025-11-28", "close": 54.22, "volume": 12972383, "typical_volume": 26290102.1, "trend": 59.092333, "fair_value": 71.263205, "relative_strength": -12.685596, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -25.098899, "energy": 34.621074, "activity_lines": [ 55.662667, 60.525636, 61.794952, 61.018452 ] }, { "date": "2025-12-05", "close": 53.26, "volume": 17297479, "typical_volume": 26192315.35, "trend": 59.303, "fair_value": 70.791923, "relative_strength": -14.197089, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.151319, "energy": 48.73584, "activity_lines": [ 54.382667, 58.661091, 60.976762, 60.642172 ] }, { "date": "2025-12-12", "close": 53.86, "volume": 15420132, "typical_volume": 25604159.3, "trend": 59.531, "fair_value": 70.327436, "relative_strength": -12.361753, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.473586, "energy": 54.439571, "activity_lines": [ 53.885333, 57.104182, 60.246095, 60.291011 ] }, { "date": "2025-12-19", "close": 54.33, "volume": 17938883, "typical_volume": 24485070.2, "trend": 59.755333, "fair_value": 69.861987, "relative_strength": -11.375652, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.283819, "energy": 47.030787, "activity_lines": [ 53.893333, 55.969455, 59.601143, 59.955462 ] }, { "date": "2025-12-26", "close": 55.75, "volume": 8544393, "typical_volume": 23746791.55, "trend": 59.768667, "fair_value": 69.451538, "relative_strength": -10.169834, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.779265, "energy": 38.252422, "activity_lines": [ 54.559333, 55.354727, 59.112571, 59.697054 ] }, { "date": "2026-01-02", "close": 57.28, "volume": 11517887, "typical_volume": 22865731.6, "trend": 59.551, "fair_value": 69.045705, "relative_strength": -6.574532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.161249, "energy": 29.248086, "activity_lines": [ 55.558, 55.285636, 58.794286, 59.536495 ] }, { "date": "2026-01-09", "close": 61.88, "volume": 17002299, "typical_volume": 22663949.65, "trend": 59.747333, "fair_value": 68.579103, "relative_strength": -0.604279, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.945719, "energy": 15.589975, "activity_lines": [ 57.886, 56.355091, 58.957667, 59.686753 ] }, { "date": "2026-01-16", "close": 61.77, "volume": 13694425, "typical_volume": 21685085.65, "trend": 59.934333, "fair_value": 68.130064, "relative_strength": -0.421892, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.426423, "energy": 18.007703, "activity_lines": [ 59.602667, 57.406727, 59.114286, 59.817247 ] }, { "date": "2026-01-23", "close": 60.17, "volume": 13974235, "typical_volume": 21404520.65, "trend": 60.252, "fair_value": 67.632436, "relative_strength": -2.66728, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.013427, "energy": 14.839993, "activity_lines": [ 60.258667, 58.118727, 59.07681, 59.832452 ] }, { "date": "2026-01-30", "close": 52.96, "volume": 15083430, "typical_volume": 20371143.95, "trend": 60.205, "fair_value": 67.02641, "relative_strength": -14.380054, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.836108, "energy": 24.945376, "activity_lines": [ 58.122, 57.464, 58.323571, 59.362 ] }, { "date": "2026-02-06", "close": 57.82, "volume": 22343802, "typical_volume": 19996013.25, "trend": 60.203333, "fair_value": 66.550064, "relative_strength": -6.180985, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.77938, "energy": 12.797293, "activity_lines": [ 57.791333, 57.695273, 58.061667, 59.208129 ] }, { "date": "2026-02-13", "close": 45.73, "volume": 21785768, "typical_volume": 20064809.4, "trend": 59.739667, "fair_value": 66.011923, "relative_strength": -24.379214, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.625143, "energy": 63.828788, "activity_lines": [ 53.394667, 55.662909, 56.682476, 58.274366 ] }, { "date": "2026-02-20", "close": 52.18, "volume": 35210783, "typical_volume": 18637144.75, "trend": 59.397, "fair_value": 65.550865, "relative_strength": -14.475016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.218989, "energy": 63.068381, "activity_lines": [ 52.224667, 54.940182, 56.005429, 57.786645 ] }, { "date": "2026-02-27", "close": 54.88, "volume": 18020912, "typical_volume": 18409645.9, "trend": 59.267333, "fair_value": 65.124327, "relative_strength": -9.457669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.021419, "energy": 56.69683, "activity_lines": [ 52.594, 54.738909, 55.681714, 57.495226 ] }, { "date": "2026-03-06", "close": 56.4, "volume": 17064131, "typical_volume": 18409785.35, "trend": 59.117, "fair_value": 64.806506, "relative_strength": -5.100921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.088945, "energy": 47.140239, "activity_lines": [ 53.822667, 54.804, 55.568714, 57.310237 ] }, { "date": "2026-03-13", "close": 52.02, "volume": 12859839, "typical_volume": 18436909.8, "trend": 58.636667, "fair_value": 64.464712, "relative_strength": -11.069225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.160121, "energy": 29.586402, "activity_lines": [ 53.362, 54.060909, 55.105524, 56.852366 ] }, { "date": "2026-03-20", "close": 52.84, "volume": 11160718, "typical_volume": 17270068.0, "trend": 58.309333, "fair_value": 64.118494, "relative_strength": -8.022714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.390395, "energy": 25.230731, "activity_lines": [ 53.561333, 53.562545, 54.824619, 56.478387 ] }, { "date": "2026-03-27", "close": 47.31, "volume": 16898150, "typical_volume": 17076439.75, "trend": 58.119333, "fair_value": 63.708109, "relative_strength": -15.577848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.835447, "energy": 37.078653, "activity_lines": [ 51.443333, 52.223091, 54.060667, 55.768753 ] }, { "date": "2026-04-03", "close": 51.64, "volume": 9204008, "typical_volume": 16388091.4, "trend": 58.038667, "fair_value": 63.372083, "relative_strength": -10.708025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.227894, "energy": 36.542154, "activity_lines": [ 51.093333, 51.933818, 53.76519, 55.350731 ] }, { "date": "2026-04-10", "close": 52.69, "volume": 12914300, "typical_volume": 16045397.85, "trend": 57.830333, "fair_value": 63.052596, "relative_strength": -11.964053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.836248, "energy": 31.385146, "activity_lines": [ 51.309333, 51.990545, 53.595714, 55.005656 ] }, { "date": "2026-04-17", "close": 61.9, "volume": 12834281, "typical_volume": 16038492.75, "trend": 57.727333, "fair_value": 62.795224, "relative_strength": -1.094332, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.604731, "energy": 6.343045, "activity_lines": [ 54.842667, 53.726727, 54.305286, 55.268215 ] }, { "date": "2026-04-24", "close": 62.79, "volume": 14034019, "typical_volume": 15875319.75, "trend": 57.681, "fair_value": 62.550096, "relative_strength": -0.286951, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.299841, "energy": 23.307133, "activity_lines": [ 58.014, 55.550545, 55.063048, 55.594839 ] }, { "date": "2026-05-01", "close": 63.17, "volume": 25874316, "typical_volume": 16398028.95, "trend": 57.374, "fair_value": 62.378109, "relative_strength": -0.803477, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.173588, "energy": 34.189643, "activity_lines": [ 60.648667, 57.133273, 55.811619, 55.948968 ] }, { "date": "2026-05-08", "close": 64.38, "volume": 13967330, "typical_volume": 16199451.3, "trend": 57.229, "fair_value": 62.183878, "relative_strength": -1.296931, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.534139, "energy": 55.176225, "activity_lines": [ 62.629333, 58.736182, 56.631095, 56.400968 ] }, { "date": "2026-05-15", "close": 58.07, "volume": 14978561, "typical_volume": 16521159.7, "trend": 56.816, "fair_value": 61.984968, "relative_strength": -11.129116, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.130796, "energy": 51.707441, "activity_lines": [ 61.657333, 59.019091, 56.801762, 56.455226 ] }, { "date": "2026-05-22", "close": 62.38, "volume": 14171470, "typical_volume": 16653838.85, "trend": 56.432, "fair_value": 61.836571, "relative_strength": -5.372168, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.965082, "energy": 55.635221, "activity_lines": [ 61.763333, 60.055273, 57.371857, 56.814194 ] }, { "date": "2026-05-29", "close": 67.92, "volume": 14289291, "typical_volume": 16518188.45, "trend": 56.629333, "fair_value": 61.727019, "relative_strength": 1.670463, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.314164, "energy": 60.482723, "activity_lines": [ 63.684, 61.910364, 58.445286, 57.555355 ] }, { "date": "2026-06-05", "close": 66.86, "volume": 14649623, "typical_volume": 16565948.35, "trend": 56.888333, "fair_value": 61.570737, "relative_strength": 3.035563, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.650933, "energy": 55.847691, "activity_lines": [ 64.909333, 63.298545, 59.389, 58.215398 ] }, { "date": "2026-06-12", "close": 69.48, "volume": 12354359, "typical_volume": 16484954.55, "trend": 57.301, "fair_value": 61.409712, "relative_strength": 6.494598, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.012261, "energy": 70.747878, "activity_lines": [ 66.762, 64.807636, 60.558, 59.027763 ] }, { "date": "2026-06-19", "close": 73.95, "volume": 15455134, "typical_volume": 16503539.75, "trend": 57.996333, "fair_value": 61.313686, "relative_strength": 12.216957, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.472304, "energy": 81.335205, "activity_lines": [ 69.764667, 66.805091, 62.108381, 60.101892 ] }, { "date": "2026-06-26", "close": 78.04, "volume": 14803393, "typical_volume": 16126519.3, "trend": 58.790333, "fair_value": 61.271571, "relative_strength": 20.681282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.06446, "energy": 87.642357, "activity_lines": [ 73.072, 69.159636, 63.948333, 61.395032 ] }, { "date": "2026-07-03", "close": 76.97, "volume": 13385187, "typical_volume": 15706490.25, "trend": 59.580667, "fair_value": 61.234455, "relative_strength": 16.11449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.420624, "energy": 84.775862, "activity_lines": [ 74.978667, 71.026182, 65.590095, 62.567914 ] }, { "date": "2026-07-10", "close": 81.05, "volume": 11209694, "typical_volume": 14506435.8, "trend": 60.487, "fair_value": 61.16266, "relative_strength": 20.270603, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.316253, "energy": 88.068058, "activity_lines": [ 77.642, 73.376727, 67.471667, 63.953032 ] }, { "date": "2026-07-17", "close": 84.1, "volume": 14259557, "typical_volume": 14318368.05, "trend": 61.479333, "fair_value": 61.081635, "relative_strength": 26.289945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.055819, "energy": 90.284588, "activity_lines": [ 80.376, 75.956727, 69.506238, 65.476452 ] }, { "date": "2026-07-24", "close": 80.62, "volume": 10980472, "typical_volume": 14014185.1, "trend": 62.308333, "fair_value": 60.959776, "relative_strength": 21.518114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.663774, "energy": 74.387679, "activity_lines": [ 80.975333, 77.545455, 71.070238, 66.711333 ] }, { "date": "2026-07-31", "close": 81.68, "volume": 12076511, "typical_volume": 13975018.7, "trend": 63.121667, "fair_value": 60.960353, "relative_strength": 21.422871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.172271, "energy": 69.188068, "activity_lines": [ 81.483333, 78.916909, 72.619857, 67.961118 ] }, { "date": "2026-08-07", "close": 85.55, "volume": 21739714, "typical_volume": 14503968.5, "trend": 63.910667, "fair_value": 61.017468, "relative_strength": 22.496043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.284077, "energy": 63.594251, "activity_lines": [ 83.038667, 80.641091, 74.39681, 69.408108 ] } ], "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." } } }