{ "ticker": { "uuid": "9c23ad64-d8e1-46b7-9ea6-44532a357248", "symbol": "ALGN", "name": "Align Technology, Inc.", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -12.786, "architecture_energy": 17.883, "architecture_maturity": 15.082, "architecture_confidence": 48.324, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 57.48, "rotation_up": 18.3, "upward_expansion": 16.34, "deceleration": 65.91, "rotation_down": 53.49, "downward_expansion": 39.01 }, "activity_lines": [ 148.483334, 151.41091, 150.542144, 150.581829 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 147.25, "trend_reference": 150.426667, "distance_from_trend": -0.021118, "trend_direction": "Improving", "fair_value": 192.449039, "distance_from_fair_value": -0.234862, "fair_value_direction": "Improving", "relative_strength": -12.806524, "relative_strength_direction": "Improving", "price_momentum": -0.05153, "excess_performance": -0.225777, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.021118, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.049952, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.234862, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.086796, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.128065, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.032839, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.05153, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.163017, "read": "Supply-led" } ], "volume": { "latest": 67, "relative_activity": 1.479029, "balance": 0.163017, "dry_up": 1.318985, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.054068, "annualized_volatility": 0.294867, "from_high_reference": -0.121158, "from_low_reference": 0.396396 }, "levels": { "trend_reference": 150.426667, "fair_value_reference": 192.449039, "structural_low": 133.050003, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.07542, "positive_rate": 0.384615, "directional_follow_through": 0.384615, "median_excess_return": -0.073781, "regime_survival": 0.384615, "best_return": 0.20304, "worst_return": -0.381141, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.191958, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.231818, "regime_survival": 0.0, "best_return": 0.197418, "worst_return": -0.325456, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.206102, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.382527, "regime_survival": 0.0, "best_return": 0.112357, "worst_return": -0.584217, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.422308, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.476045, "regime_survival": 0.0, "best_return": -0.212504, "worst_return": -0.665179, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-11-22", "tenure": "Established", "return": -0.061538, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2025-02-21", "tenure": "Established", "return": -0.166061, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-06-27", "tenure": "Established", "return": -0.096148, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.033802, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.015345, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-11-28", "tenure": "Established", "return": 0.03416, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": 0.045018, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-19", "end": "2026-01-30", "tenure": "Developing", "return": 0.000735, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-27", "tenure": "Developing", "return": -0.064734, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.092704, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": -0.132128, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-07-03", "tenure": "Developing", "return": 0.177762, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-07-24", "tenure": "New", "return": -0.039987, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.012027, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 320.950012, "volume": 0, "typical_volume": 1.35, "trend": 299.038333, "fair_value": 376.055833, "relative_strength": 23.993925, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.636242, "energy": 43.214304, "activity_lines": [ 324.223336, 321.373636, 308.659999, 304.176128 ] }, { "date": "2023-08-25", "close": 324.799988, "volume": 0, "typical_volume": 1.35, "trend": 301.744999, "fair_value": 376.509038, "relative_strength": 25.725514, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.734222, "energy": 35.789982, "activity_lines": [ 324.536666, 322.764543, 310.873331, 305.83817 ] }, { "date": "2023-09-01", "close": 344.299988, "volume": 0, "typical_volume": 1.35, "trend": 302.479999, "fair_value": 377.077307, "relative_strength": 29.584628, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.492909, "energy": 43.417727, "activity_lines": [ 329.983329, 327.243632, 314.784521, 308.583654 ] }, { "date": "2023-09-08", "close": 313.649994, "volume": 42, "typical_volume": 3.45, "trend": 303.066666, "fair_value": 377.335961, "relative_strength": 18.75909, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.619537, "energy": 27.39833, "activity_lines": [ 325.263328, 325.336359, 315.612139, 309.304298 ] }, { "date": "2023-09-15", "close": 306.5, "volume": 0, "typical_volume": 3.45, "trend": 303.443332, "fair_value": 377.542692, "relative_strength": 14.327062, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.481406, "energy": 18.990122, "activity_lines": [ 319.369995, 322.299996, 315.799282, 309.525804 ] }, { "date": "2023-09-22", "close": 283.899994, "volume": 0, "typical_volume": 3.45, "trend": 303.319998, "fair_value": 377.617692, "relative_strength": 6.487233, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 5.161904, "energy": 10.833532, "activity_lines": [ 306.656661, 315.071814, 313.723092, 308.264943 ] }, { "date": "2023-09-29", "close": 292.700012, "volume": 0, "typical_volume": 2.9, "trend": 302.643332, "fair_value": 377.76673, "relative_strength": 9.224827, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.42987, "energy": 25.288654, "activity_lines": [ 299.346667, 310.245453, 312.476664, 307.579783 ] }, { "date": "2023-10-06", "close": 266.700012, "volume": 0, "typical_volume": 2.9, "trend": 301.543332, "fair_value": 377.707435, "relative_strength": 0.921801, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.234399, "energy": 50.719323, "activity_lines": [ 285.510006, 300.902729, 308.653571, 305.260859 ] }, { "date": "2023-10-13", "close": 254.350006, "volume": 0, "typical_volume": 2.9, "trend": 299.946665, "fair_value": 377.470577, "relative_strength": -4.694696, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.341657, "energy": 67.522996, "activity_lines": [ 272.730007, 290.739094, 303.661905, 302.216128 ] }, { "date": "2023-10-20", "close": 252.0, "volume": 1, "typical_volume": 2.95, "trend": 298.991666, "fair_value": 376.593012, "relative_strength": -2.282546, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.409649, "energy": 75.227307, "activity_lines": [ 263.120005, 281.556366, 298.500238, 299.122795 ] }, { "date": "2023-10-27", "close": 181.139999, "volume": 0, "typical_volume": 2.95, "trend": 295.041333, "fair_value": 375.420833, "relative_strength": -29.388553, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -98.155624, "energy": 98.66744, "activity_lines": [ 233.523337, 260.675457, 286.729048, 291.519462 ] }, { "date": "2023-11-03", "close": 188.0, "volume": 1, "typical_volume": 3.0, "trend": 291.596332, "fair_value": 374.018589, "relative_strength": -30.533497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.278402, "energy": 96.589118, "activity_lines": [ 213.064001, 243.58382, 276.102667, 284.613569 ] }, { "date": "2023-11-10", "close": 176.960007, "volume": 24, "typical_volume": 4.2, "trend": 287.169999, "fair_value": 372.669615, "relative_strength": -34.827814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.803775, "energy": 95.540406, "activity_lines": [ 195.904669, 226.972185, 264.956525, 277.217677 ] }, { "date": "2023-11-17", "close": 190.100006, "volume": 0, "typical_volume": 4.2, "trend": 282.768333, "fair_value": 371.468333, "relative_strength": -31.493166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.562305, "energy": 88.82334, "activity_lines": [ 189.108004, 215.792186, 255.645573, 270.955097 ] }, { "date": "2023-11-24", "close": 200.899994, "volume": 0, "typical_volume": 4.2, "trend": 280.024999, "fair_value": 370.224423, "relative_strength": -27.217941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.992172, "energy": 86.501659, "activity_lines": [ 190.194668, 208.822184, 247.996287, 265.673269 ] }, { "date": "2023-12-01", "close": 203.399994, "volume": 0, "typical_volume": 4.2, "trend": 277.399999, "fair_value": 368.802948, "relative_strength": -27.749487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.074991, "energy": 65.970481, "activity_lines": [ 195.521332, 204.226728, 241.066286, 260.72972 ] }, { "date": "2023-12-08", "close": 200.649994, "volume": 0, "typical_volume": 3.8, "trend": 275.034999, "fair_value": 367.421859, "relative_strength": -28.891108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.591664, "energy": 62.709893, "activity_lines": [ 198.44733, 200.594908, 234.467714, 255.778107 ] }, { "date": "2023-12-15", "close": 237.949997, "volume": 0, "typical_volume": 3.4, "trend": 274.023332, "fair_value": 366.18532, "relative_strength": -17.11509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.421277, "energy": 45.721105, "activity_lines": [ 212.963329, 205.418544, 231.915095, 253.385526 ] }, { "date": "2023-12-22", "close": 245.350006, "volume": 6, "typical_volume": 3.7, "trend": 273.346666, "fair_value": 364.965448, "relative_strength": -15.67079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.112385, "energy": 33.392362, "activity_lines": [ 225.879999, 212.110363, 230.577238, 251.535634 ] }, { "date": "2023-12-29", "close": 249.5, "volume": 0, "typical_volume": 3.7, "trend": 272.289999, "fair_value": 363.824743, "relative_strength": -15.103616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.308296, "energy": 36.657211, "activity_lines": [ 236.496666, 219.720363, 230.046286, 249.99714 ] }, { "date": "2024-01-05", "close": 243.800003, "volume": 0, "typical_volume": 3.7, "trend": 270.938332, "fair_value": 362.384359, "relative_strength": -17.075495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.593953, "energy": 36.372595, "activity_lines": [ 241.973335, 226.339455, 229.294858, 248.159075 ] }, { "date": "2024-01-12", "close": 249.149994, "volume": 0, "typical_volume": 3.7, "trend": 269.254999, "fair_value": 361.028589, "relative_strength": -14.598068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.570811, "energy": 27.047335, "activity_lines": [ 246.539999, 232.791999, 229.420333, 246.753376 ] }, { "date": "2024-01-19", "close": 240.100006, "volume": 0, "typical_volume": 3.7, "trend": 267.273333, "fair_value": 359.757756, "relative_strength": -16.449295, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.807848, "energy": 23.063574, "activity_lines": [ 244.856668, 236.487273, 229.044143, 244.872409 ] }, { "date": "2024-01-26", "close": 247.899994, "volume": 42, "typical_volume": 3.7, "trend": 264.768333, "fair_value": 358.586602, "relative_strength": -16.501665, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.71556, "energy": 22.47465, "activity_lines": [ 245.629999, 240.452726, 229.907, 243.622516 ] }, { "date": "2024-02-02", "close": 255.050003, "volume": 37, "typical_volume": 5.55, "trend": 263.204999, "fair_value": 356.901025, "relative_strength": -13.31218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.371093, "energy": 24.105573, "activity_lines": [ 248.616667, 244.667273, 231.763905, 242.995527 ] }, { "date": "2024-02-09", "close": 274.399994, "volume": 62, "typical_volume": 8.65, "trend": 261.418332, "fair_value": 355.46673, "relative_strength": -4.371434, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 26.837311, "energy": 50.957714, "activity_lines": [ 257.683331, 251.415454, 235.708666, 243.717785 ] }, { "date": "2024-02-16", "close": 288.850006, "volume": 104, "typical_volume": 13.85, "trend": 260.903333, "fair_value": 354.150705, "relative_strength": -0.754921, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.594662, "energy": 74.444736, "activity_lines": [ 269.526667, 259.5, 241.074857, 245.48757 ] }, { "date": "2024-02-23", "close": 293.899994, "volume": 0, "typical_volume": 13.85, "trend": 259.198333, "fair_value": 353.04141, "relative_strength": 1.550534, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.491923, "energy": 78.758609, "activity_lines": [ 280.406665, 266.89909, 246.940333, 247.616387 ] }, { "date": "2024-03-01", "close": 277.549988, "volume": 0, "typical_volume": 13.85, "trend": 257.39, "fair_value": 352.074743, "relative_strength": -3.785373, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.197248, "energy": 74.04485, "activity_lines": [ 282.249995, 270.308179, 251.119141, 248.800365 ] }, { "date": "2024-03-08", "close": 288.649994, "volume": 10, "typical_volume": 14.3, "trend": 256.438333, "fair_value": 351.054551, "relative_strength": 0.098475, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.821002, "energy": 73.105777, "activity_lines": [ 285.816661, 275.149996, 256.244617, 250.817138 ] }, { "date": "2024-03-15", "close": 290.850006, "volume": 5, "typical_volume": 14.55, "trend": 255.434999, "fair_value": 350.06641, "relative_strength": 0.185641, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.52326, "energy": 72.832188, "activity_lines": [ 287.876664, 279.679998, 261.405094, 253.037246 ] }, { "date": "2024-03-22", "close": 296.350006, "volume": 0, "typical_volume": 14.5, "trend": 254.486666, "fair_value": 349.152948, "relative_strength": -0.341766, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.118222, "energy": 75.154555, "activity_lines": [ 290.673334, 284.354545, 266.566951, 255.676924 ] }, { "date": "2024-03-29", "close": 303.200012, "volume": 28, "typical_volume": 14.7, "trend": 253.116667, "fair_value": 348.09141, "relative_strength": 1.086579, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.744242, "energy": 82.738308, "activity_lines": [ 295.253339, 289.416365, 271.865238, 258.819721 ] }, { "date": "2024-04-05", "close": 294.100006, "volume": 30, "typical_volume": 16.2, "trend": 252.465001, "fair_value": 346.856154, "relative_strength": -2.602335, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.675334, "energy": 71.877104, "activity_lines": [ 296.180007, 291.676366, 275.695715, 261.463807 ] }, { "date": "2024-04-12", "close": 296.399994, "volume": 0, "typical_volume": 16.2, "trend": 252.128334, "fair_value": 345.544615, "relative_strength": -1.252809, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.092313, "energy": 60.528447, "activity_lines": [ 296.770003, 293.514547, 279.25, 264.298323 ] }, { "date": "2024-04-19", "close": 287.5, "volume": 0, "typical_volume": 16.2, "trend": 252.248334, "fair_value": 344.096538, "relative_strength": -3.345297, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.361137, "energy": 52.013659, "activity_lines": [ 293.876668, 292.982729, 281.501905, 266.580366 ] }, { "date": "2024-04-26", "close": 295.299988, "volume": 0, "typical_volume": 16.2, "trend": 252.335, "fair_value": 342.754871, "relative_strength": -0.955461, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.128584, "energy": 46.094249, "activity_lines": [ 293.806663, 293.630908, 284.09619, 269.357892 ] }, { "date": "2024-05-03", "close": 268.0, "volume": 10, "typical_volume": 16.7, "trend": 252.378333, "fair_value": 341.298461, "relative_strength": -10.913432, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.833051, "energy": 24.245459, "activity_lines": [ 284.706663, 289.198181, 283.639761, 270.368537 ] }, { "date": "2024-05-10", "close": 253.100006, "volume": 24, "typical_volume": 17.6, "trend": 252.336666, "fair_value": 339.927948, "relative_strength": -17.729951, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.510476, "energy": 18.857852, "activity_lines": [ 272.986666, 282.527273, 281.62119, 270.415097 ] }, { "date": "2024-05-17", "close": 249.199997, "volume": 10, "typical_volume": 18.1, "trend": 252.243333, "fair_value": 338.372179, "relative_strength": -20.039025, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.439659, "energy": 34.686005, "activity_lines": [ 262.699999, 275.591818, 279.194285, 270.212731 ] }, { "date": "2024-05-24", "close": 236.600006, "volume": 10, "typical_volume": 18.6, "trend": 254.092, "fair_value": 336.739487, "relative_strength": -23.610098, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.407386, "energy": 52.473397, "activity_lines": [ 251.360002, 267.082728, 275.56881, 269.203484 ] }, { "date": "2024-05-31", "close": 234.5, "volume": 10, "typical_volume": 19.1, "trend": 255.642, "fair_value": 335.190769, "relative_strength": -22.613552, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.634199, "energy": 75.052642, "activity_lines": [ 242.713335, 259.178182, 271.777619, 267.939484 ] }, { "date": "2024-06-07", "close": 240.0, "volume": 0, "typical_volume": 19.1, "trend": 257.743333, "fair_value": 333.506153, "relative_strength": -19.698016, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.221728, "energy": 71.579608, "activity_lines": [ 239.953335, 253.398182, 268.58, 266.930323 ] }, { "date": "2024-06-14", "close": 239.0, "volume": 0, "typical_volume": 17.0, "trend": 259.373333, "fair_value": 331.752307, "relative_strength": -16.702693, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.451511, "energy": 70.367553, "activity_lines": [ 238.726667, 248.585455, 265.287619, 265.721075 ] }, { "date": "2024-06-21", "close": 227.0, "volume": 0, "typical_volume": 15.15, "trend": 260.243333, "fair_value": 329.918974, "relative_strength": -21.496562, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.355765, "energy": 68.901319, "activity_lines": [ 234.44, 242.592728, 260.894762, 263.632473 ] }, { "date": "2024-06-28", "close": 226.199997, "volume": 1, "typical_volume": 12.1, "trend": 261.003333, "fair_value": 328.021538, "relative_strength": -21.414789, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.434949, "energy": 53.126403, "activity_lines": [ 231.366666, 237.716364, 256.559286, 261.436129 ] }, { "date": "2024-07-05", "close": 224.199997, "volume": 0, "typical_volume": 6.9, "trend": 261.788333, "fair_value": 326.012564, "relative_strength": -23.518764, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.952676, "energy": 72.535684, "activity_lines": [ 228.319998, 233.590909, 252.262857, 259.06172 ] }, { "date": "2024-07-12", "close": 227.5, "volume": 0, "typical_volume": 6.9, "trend": 261.44, "fair_value": 324.09782, "relative_strength": -21.536976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.510754, "energy": 71.908827, "activity_lines": [ 227.059999, 231.358181, 248.588571, 256.84957 ] }, { "date": "2024-07-19", "close": 230.399994, "volume": 0, "typical_volume": 6.9, "trend": 260.941666, "fair_value": 322.118333, "relative_strength": -19.154204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.248156, "energy": 57.786801, "activity_lines": [ 227.599997, 230.389089, 245.506666, 254.846989 ] }, { "date": "2024-07-26", "close": 202.300003, "volume": 0, "typical_volume": 6.4, "trend": 259.368333, "fair_value": 319.703589, "relative_strength": -28.081989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.622598, "energy": 72.114876, "activity_lines": [ 219.346665, 224.723635, 239.973095, 251.063656 ] }, { "date": "2024-08-02", "close": 192.699997, "volume": 0, "typical_volume": 6.15, "trend": 257.664999, "fair_value": 317.172179, "relative_strength": -27.797084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.265762, "energy": 84.769345, "activity_lines": [ 209.539998, 218.165453, 233.936428, 246.762473 ] }, { "date": "2024-08-09", "close": 196.850006, "volume": 91, "typical_volume": 10.7, "trend": 255.921666, "fair_value": 314.700705, "relative_strength": -26.09917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.927339, "energy": 88.091775, "activity_lines": [ 203.350001, 213.16, 228.762381, 242.838925 ] }, { "date": "2024-08-16", "close": 218.800003, "volume": 10, "typical_volume": 9.8, "trend": 255.211666, "fair_value": 312.37891, "relative_strength": -18.454565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.266018, "energy": 76.215703, "activity_lines": [ 206.300002, 212.83, 226.152619, 240.443979 ] }, { "date": "2024-08-23", "close": 210.600006, "volume": 0, "typical_volume": 8.3, "trend": 253.968333, "fair_value": 309.843012, "relative_strength": -21.868042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.191645, "energy": 61.310504, "activity_lines": [ 207.09667, 211.394547, 223.16381, 237.565807 ] }, { "date": "2024-08-30", "close": 212.600006, "volume": 0, "typical_volume": 8.3, "trend": 252.553334, "fair_value": 307.344294, "relative_strength": -20.903892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.609716, "energy": 50.056205, "activity_lines": [ 209.880005, 210.839094, 220.763096, 234.896883 ] }, { "date": "2024-09-06", "close": 198.350006, "volume": 0, "typical_volume": 8.3, "trend": 250.018334, "fair_value": 304.656795, "relative_strength": -22.222473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.116724, "energy": 50.176316, "activity_lines": [ 207.226672, 207.954549, 217.404287, 231.399894 ] }, { "date": "2024-09-13", "close": 217.100006, "volume": 0, "typical_volume": 8.3, "trend": 247.626667, "fair_value": 302.124102, "relative_strength": -14.543418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.588526, "energy": 37.441079, "activity_lines": [ 210.446672, 208.985459, 216.255717, 229.276131 ] }, { "date": "2024-09-20", "close": 225.600006, "volume": 0, "typical_volume": 7.8, "trend": 245.350001, "fair_value": 299.621538, "relative_strength": -10.841211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.032469, "energy": 27.060089, "activity_lines": [ 215.150006, 211.690914, 216.28905, 227.855056 ] }, { "date": "2024-09-27", "close": 230.5, "volume": 0, "typical_volume": 6.6, "trend": 243.781668, "fair_value": 297.465769, "relative_strength": -8.982742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.744845, "energy": 17.271632, "activity_lines": [ 221.033337, 215.321822, 216.990955, 226.896991 ] }, { "date": "2024-10-04", "close": 216.5, "volume": 0, "typical_volume": 6.1, "trend": 241.376668, "fair_value": 295.26641, "relative_strength": -12.981804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.101492, "energy": 20.609519, "activity_lines": [ 220.923336, 216.405458, 216.467145, 225.136883 ] }, { "date": "2024-10-11", "close": 204.100006, "volume": 0, "typical_volume": 5.6, "trend": 238.485002, "fair_value": 293.27859, "relative_strength": -17.531277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.339464, "energy": 18.757657, "activity_lines": [ 216.420003, 214.976368, 214.918098, 222.731938 ] }, { "date": "2024-10-18", "close": 200.399994, "volume": 0, "typical_volume": 5.1, "trend": 235.286668, "fair_value": 291.302948, "relative_strength": -18.67409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.01934, "energy": 33.229173, "activity_lines": [ 210.3, 212.667275, 213.171431, 220.27484 ] }, { "date": "2024-10-25", "close": 205.5, "volume": 23, "typical_volume": 6.25, "trend": 232.030001, "fair_value": 289.151025, "relative_strength": -15.511068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.606128, "energy": 39.896746, "activity_lines": [ 206.993333, 211.220911, 212.072859, 218.35312 ] }, { "date": "2024-11-01", "close": 190.800003, "volume": 0, "typical_volume": 6.25, "trend": 228.586667, "fair_value": 286.593333, "relative_strength": -20.230481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.720408, "energy": 70.198959, "activity_lines": [ 200.126667, 207.343638, 209.738574, 215.69312 ] }, { "date": "2024-11-08", "close": 205.899994, "volume": 0, "typical_volume": 6.25, "trend": 225.570001, "fair_value": 284.051666, "relative_strength": -14.507215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.352624, "energy": 58.16573, "activity_lines": [ 200.939998, 206.571818, 209.071906, 214.229464 ] }, { "date": "2024-11-15", "close": 216.899994, "volume": 0, "typical_volume": 6.2, "trend": 223.216667, "fair_value": 281.563846, "relative_strength": -10.159299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.6911, "energy": 29.890897, "activity_lines": [ 206.126663, 207.921817, 209.553334, 213.670108 ] }, { "date": "2024-11-22", "close": 213.5, "volume": 0, "typical_volume": 6.2, "trend": 220.490001, "fair_value": 279.274743, "relative_strength": -10.953531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.865091, "energy": 18.777352, "activity_lines": [ 209.326664, 208.316362, 209.755239, 213.043227 ] }, { "date": "2024-11-29", "close": 220.100006, "volume": 0, "typical_volume": 6.2, "trend": 218.893334, "fair_value": 277.198461, "relative_strength": -8.39487, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.194232, "energy": 13.851143, "activity_lines": [ 213.853334, 209.976363, 210.636668, 213.018066 ] }, { "date": "2024-12-06", "close": 222.0, "volume": 0, "typical_volume": 6.2, "trend": 217.856668, "fair_value": 274.844615, "relative_strength": -8.788946, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.521263, "energy": 22.574478, "activity_lines": [ 218.04, 212.081818, 211.734287, 213.218496 ] }, { "date": "2024-12-13", "close": 224.899994, "volume": 0, "typical_volume": 6.2, "trend": 217.046667, "fair_value": 272.781154, "relative_strength": -8.991912, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.229145, "energy": 29.412063, "activity_lines": [ 221.113332, 214.86909, 213.148095, 213.672904 ] }, { "date": "2024-12-20", "close": 205.0, "volume": 0, "typical_volume": 6.2, "trend": 215.993334, "fair_value": 270.358077, "relative_strength": -15.339955, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.182847, "energy": 10.36485, "activity_lines": [ 216.286666, 213.885453, 212.559048, 212.895699 ] }, { "date": "2024-12-27", "close": 203.5, "volume": 0, "typical_volume": 1.65, "trend": 214.960001, "fair_value": 267.958718, "relative_strength": -16.512464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.362109, "energy": 14.039691, "activity_lines": [ 211.753333, 212.612726, 211.768571, 212.089678 ] }, { "date": "2025-01-03", "close": 201.899994, "volume": 0, "typical_volume": 1.15, "trend": 213.69, "fair_value": 266.117692, "relative_strength": -17.257176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.660387, "energy": 26.406947, "activity_lines": [ 207.353331, 210.992725, 210.794047, 211.247097 ] }, { "date": "2025-01-10", "close": 205.600006, "volume": 0, "typical_volume": 1.15, "trend": 212.576667, "fair_value": 264.549743, "relative_strength": -15.341869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.073142, "energy": 34.869464, "activity_lines": [ 205.4, 210.110909, 210.252381, 210.725162 ] }, { "date": "2025-01-17", "close": 221.0, "volume": 1, "typical_volume": 1.2, "trend": 212.376667, "fair_value": 263.249102, "relative_strength": -11.765436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.713904, "energy": 13.917555, "activity_lines": [ 209.673334, 211.76, 211.20119, 211.268602 ] }, { "date": "2025-01-24", "close": 221.5, "volume": 0, "typical_volume": 1.2, "trend": 212.220001, "fair_value": 262.021538, "relative_strength": -12.695844, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.204762, "energy": 18.14854, "activity_lines": [ 214.373334, 213.225454, 212.157619, 211.857205 ] }, { "date": "2025-01-31", "close": 212.300003, "volume": 67, "typical_volume": 4.55, "trend": 211.823334, "fair_value": 260.689487, "relative_strength": -16.268851, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.285839, "energy": 24.137549, "activity_lines": [ 214.906668, 212.934546, 212.127619, 211.862366 ] }, { "date": "2025-02-07", "close": 207.899994, "volume": 64, "typical_volume": 7.75, "trend": 211.170001, "fair_value": 259.077307, "relative_strength": -17.644398, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.554303, "energy": 20.856951, "activity_lines": [ 213.386666, 211.865454, 211.701428, 211.609247 ] }, { "date": "2025-02-14", "close": 194.550003, "volume": 0, "typical_volume": 7.75, "trend": 209.975001, "fair_value": 257.501987, "relative_strength": -25.978048, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -36.437805, "energy": 26.591801, "activity_lines": [ 207.016667, 208.590909, 210.088095, 210.536989 ] }, { "date": "2025-02-21", "close": 183.550003, "volume": 0, "typical_volume": 7.75, "trend": 209.350001, "fair_value": 255.780513, "relative_strength": -28.674895, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.912616, "energy": 70.377138, "activity_lines": [ 197.716668, 203.815455, 207.598333, 208.832151 ] }, { "date": "2025-02-28", "close": 177.850006, "volume": 0, "typical_volume": 7.75, "trend": 208.855001, "fair_value": 254.240448, "relative_strength": -31.730859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.381969, "energy": 84.316422, "activity_lines": [ 189.013336, 198.755456, 204.72262, 206.799893 ] }, { "date": "2025-03-07", "close": 157.25, "volume": 0, "typical_volume": 7.75, "trend": 207.535001, "fair_value": 252.792692, "relative_strength": -40.761809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.8283, "energy": 95.484503, "activity_lines": [ 176.353336, 190.443638, 200.010001, 203.470538 ] }, { "date": "2025-03-14", "close": 151.100006, "volume": 0, "typical_volume": 6.6, "trend": 205.278335, "fair_value": 251.193333, "relative_strength": -42.273146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.102739, "energy": 96.341088, "activity_lines": [ 165.313337, 181.854548, 194.917144, 199.829571 ] }, { "date": "2025-03-21", "close": 154.949997, "volume": 0, "typical_volume": 6.6, "trend": 203.423334, "fair_value": 249.723782, "relative_strength": -39.345022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.793842, "energy": 92.277637, "activity_lines": [ 159.343335, 174.889092, 190.450001, 196.582581 ] }, { "date": "2025-03-28", "close": 145.850006, "volume": 8, "typical_volume": 7.0, "trend": 201.198334, "fair_value": 248.070256, "relative_strength": -40.797874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.200724, "energy": 93.799873, "activity_lines": [ 152.980003, 167.190002, 185.286906, 192.868173 ] }, { "date": "2025-04-04", "close": 138.25, "volume": 54, "typical_volume": 9.7, "trend": 199.195001, "fair_value": 246.461923, "relative_strength": -36.779511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.363852, "energy": 93.773889, "activity_lines": [ 146.596668, 159.475457, 179.685954, 188.80699 ] }, { "date": "2025-04-11", "close": 139.75, "volume": 279, "typical_volume": 23.65, "trend": 196.616667, "fair_value": 244.91, "relative_strength": -34.296839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.896618, "energy": 84.411531, "activity_lines": [ 143.353335, 153.547274, 174.602382, 184.971829 ] }, { "date": "2025-04-18", "close": 148.649994, "volume": 18, "typical_volume": 24.55, "trend": 194.051667, "fair_value": 243.640448, "relative_strength": -32.700141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.891015, "energy": 67.311749, "activity_lines": [ 144.243332, 150.556364, 170.71762, 181.877205 ] }, { "date": "2025-04-25", "close": 161.199997, "volume": 0, "typical_volume": 24.55, "trend": 191.741667, "fair_value": 242.801987, "relative_strength": -28.572483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.922484, "energy": 63.212994, "activity_lines": [ 149.479998, 150.924545, 168.368334, 179.757742 ] }, { "date": "2025-05-02", "close": 156.75, "volume": 1, "typical_volume": 24.6, "trend": 189.75, "fair_value": 242.082115, "relative_strength": -30.651679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.220665, "energy": 49.957506, "activity_lines": [ 152.816665, 151.089999, 165.884762, 177.500215 ] }, { "date": "2025-05-09", "close": 161.649994, "volume": 69, "typical_volume": 28.05, "trend": 188.335, "fair_value": 241.443012, "relative_strength": -30.8913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.316787, "energy": 35.344659, "activity_lines": [ 157.059997, 152.633635, 164.192381, 175.687312 ] }, { "date": "2025-05-16", "close": 166.949997, "volume": 69, "typical_volume": 31.5, "trend": 187.22, "fair_value": 240.871859, "relative_strength": -29.957998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.224227, "energy": 30.15162, "activity_lines": [ 161.509997, 155.435452, 163.21119, 174.307634 ] }, { "date": "2025-05-23", "close": 149.550003, "volume": 0, "typical_volume": 31.5, "trend": 185.355, "fair_value": 240.159679, "relative_strength": -35.811374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.508397, "energy": 30.701071, "activity_lines": [ 158.346665, 154.897271, 160.746904, 171.877312 ] }, { "date": "2025-05-30", "close": 160.100006, "volume": 0, "typical_volume": 31.5, "trend": 184.331667, "fair_value": 239.542692, "relative_strength": -31.272903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.775038, "energy": 24.066096, "activity_lines": [ 158.640001, 156.305454, 159.536667, 170.247957 ] }, { "date": "2025-06-06", "close": 160.050003, "volume": 5, "typical_volume": 31.7, "trend": 182.803334, "fair_value": 239.025705, "relative_strength": -30.888887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.442687, "energy": 25.064142, "activity_lines": [ 158.990002, 157.610909, 158.538334, 168.681398 ] }, { "date": "2025-06-13", "close": 156.699997, "volume": 24, "typical_volume": 32.9, "trend": 180.796667, "fair_value": 238.57282, "relative_strength": -30.058838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.603215, "energy": 30.355712, "activity_lines": [ 158.003335, 158.049091, 157.511191, 166.997312 ] }, { "date": "2025-06-20", "close": 157.699997, "volume": 0, "typical_volume": 29.55, "trend": 178.936667, "fair_value": 238.034038, "relative_strength": -28.564679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.717228, "energy": 24.148411, "activity_lines": [ 157.68, 158.333636, 156.887857, 165.507204 ] }, { "date": "2025-06-27", "close": 160.75, "volume": 0, "typical_volume": 26.35, "trend": 176.958333, "fair_value": 237.629871, "relative_strength": -27.854867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.212019, "energy": 18.708307, "activity_lines": [ 158.989999, 158.846363, 156.815, 164.333871 ] }, { "date": "2025-07-04", "close": 167.149994, "volume": 0, "typical_volume": 26.35, "trend": 175.13, "fair_value": 237.0225, "relative_strength": -23.74211, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.019119, "energy": 8.892333, "activity_lines": [ 161.686664, 160.302726, 157.57619, 163.701075 ] }, { "date": "2025-07-11", "close": 172.199997, "volume": 0, "typical_volume": 26.35, "trend": 173.373333, "fair_value": 236.519936, "relative_strength": -22.485305, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.516081, "energy": 15.568451, "activity_lines": [ 165.596663, 162.569089, 158.948808, 163.512042 ] }, { "date": "2025-07-18", "close": 162.5, "volume": 63, "typical_volume": 29.5, "trend": 171.956667, "fair_value": 235.885961, "relative_strength": -26.128752, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.387398, "energy": 16.505961, "activity_lines": [ 165.463331, 162.790908, 159.451666, 162.810537 ] }, { "date": "2025-07-25", "close": 172.800003, "volume": 0, "typical_volume": 29.5, "trend": 170.933333, "fair_value": 235.186602, "relative_strength": -22.464728, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.824897, "energy": 24.813563, "activity_lines": [ 168.376666, 164.869999, 161.008571, 162.864946 ] }, { "date": "2025-08-01", "close": 117.300003, "volume": 70, "typical_volume": 33.0, "trend": 168.113334, "fair_value": 234.120897, "relative_strength": -45.358907, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.277251, "energy": 38.649334, "activity_lines": [ 151.783334, 156.751818, 157.205714, 159.404731 ] }, { "date": "2025-08-08", "close": 119.099998, "volume": 50, "typical_volume": 35.5, "trend": 165.23, "fair_value": 233.083718, "relative_strength": -46.983867, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.520544, "energy": 76.386369, "activity_lines": [ 138.686667, 149.547272, 153.735238, 156.24258 ] }, { "date": "2025-08-15", "close": 122.949997, "volume": 5, "typical_volume": 35.35, "trend": 161.961667, "fair_value": 232.130833, "relative_strength": -45.921811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.920488, "energy": 83.465932, "activity_lines": [ 130.076666, 143.788181, 150.802142, 153.514838 ] }, { "date": "2025-08-22", "close": 127.5, "volume": 0, "typical_volume": 32.65, "trend": 158.828333, "fair_value": 231.290769, "relative_strength": -42.501999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.476865, "energy": 83.612319, "activity_lines": [ 126.266666, 139.530908, 148.411428, 151.291505 ] }, { "date": "2025-08-29", "close": 121.150002, "volume": 0, "typical_volume": 18.7, "trend": 155.79, "fair_value": 230.468333, "relative_strength": -42.596974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.759299, "energy": 85.990661, "activity_lines": [ 122.673333, 134.65, 145.467142, 148.860645 ] }, { "date": "2025-09-05", "close": 116.400002, "volume": 0, "typical_volume": 17.8, "trend": 152.74, "fair_value": 229.53532, "relative_strength": -43.937982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.268379, "energy": 84.816528, "activity_lines": [ 120.940001, 129.57, 142.159047, 146.319355 ] }, { "date": "2025-09-12", "close": 113.550003, "volume": 0, "typical_volume": 17.8, "trend": 150.04, "fair_value": 228.683718, "relative_strength": -45.065264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.762943, "energy": 79.630965, "activity_lines": [ 118.316668, 124.778183, 138.733095, 143.790968 ] }, { "date": "2025-09-19", "close": 111.5, "volume": 0, "typical_volume": 17.75, "trend": 147.638333, "fair_value": 227.970577, "relative_strength": -44.919989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.387853, "energy": 74.744381, "activity_lines": [ 115.380001, 120.588183, 135.33881, 141.304516 ] }, { "date": "2025-09-26", "close": 108.050003, "volume": 20, "typical_volume": 15.3, "trend": 145.311667, "fair_value": 227.237884, "relative_strength": -45.967318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.592054, "energy": 71.441889, "activity_lines": [ 112.056669, 116.874547, 131.831429, 138.75043 ] }, { "date": "2025-10-03", "close": 112.75, "volume": 0, "typical_volume": 11.85, "trend": 143.828333, "fair_value": 226.555833, "relative_strength": -43.921734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.282992, "energy": 67.42199, "activity_lines": [ 111.596668, 115.005456, 129.026905, 136.649678 ] }, { "date": "2025-10-10", "close": 109.599998, "volume": 0, "typical_volume": 11.85, "trend": 142.445, "fair_value": 225.918654, "relative_strength": -43.589857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.867377, "energy": 61.682782, "activity_lines": [ 110.646667, 113.655455, 126.180476, 134.441398 ] }, { "date": "2025-10-17", "close": 111.650002, "volume": 0, "typical_volume": 11.85, "trend": 141.001667, "fair_value": 225.335, "relative_strength": -40.578958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.351776, "energy": 57.45987, "activity_lines": [ 110.833334, 112.818183, 123.719524, 132.454624 ] }, { "date": "2025-10-24", "close": 117.800003, "volume": 0, "typical_volume": 11.6, "trend": 140.066666, "fair_value": 224.902564, "relative_strength": -37.547017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.208858, "energy": 48.579918, "activity_lines": [ 113.196668, 113.234547, 122.075001, 130.957742 ] }, { "date": "2025-10-31", "close": 117.699997, "volume": 257, "typical_volume": 23.25, "trend": 139.381666, "fair_value": 224.499359, "relative_strength": -38.576976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.662474, "energy": 59.998003, "activity_lines": [ 115.106667, 113.726364, 120.622143, 129.514731 ] }, { "date": "2025-11-07", "close": 115.5, "volume": 0, "typical_volume": 23.25, "trend": 138.573333, "fair_value": 223.913461, "relative_strength": -38.032928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.607254, "energy": 43.465688, "activity_lines": [ 115.64, 113.996364, 119.145477, 127.973979 ] }, { "date": "2025-11-14", "close": 117.849998, "volume": 0, "typical_volume": 23.25, "trend": 137.546666, "fair_value": 223.463013, "relative_strength": -36.928705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.047814, "energy": 33.860317, "activity_lines": [ 116.773333, 114.796363, 118.093572, 126.636989 ] }, { "date": "2025-11-21", "close": 120.599998, "volume": 0, "typical_volume": 23.25, "trend": 136.193333, "fair_value": 223.037372, "relative_strength": -33.418984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.459747, "energy": 27.387914, "activity_lines": [ 118.273332, 116.069999, 117.507857, 125.543656 ] }, { "date": "2025-11-28", "close": 127.150002, "volume": 8, "typical_volume": 23.65, "trend": 135.206667, "fair_value": 222.637821, "relative_strength": -31.61405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.236338, "energy": 16.593384, "activity_lines": [ 121.36, 118.406363, 117.767619, 124.960215 ] }, { "date": "2025-12-05", "close": 135.5, "volume": 0, "typical_volume": 20.5, "trend": 134.335, "fair_value": 222.350641, "relative_strength": -26.818407, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 19.625514, "energy": 30.443744, "activity_lines": [ 126.606667, 121.976363, 119.037143, 124.97914 ] }, { "date": "2025-12-12", "close": 141.600006, "volume": 70, "typical_volume": 24.0, "trend": 133.49, "fair_value": 222.084744, "relative_strength": -22.455975, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 29.509002, "energy": 44.941816, "activity_lines": [ 132.700002, 126.156365, 121.016191, 125.44785 ] }, { "date": "2025-12-19", "close": 136.0, "volume": 0, "typical_volume": 20.5, "trend": 133.038334, "fair_value": 221.744103, "relative_strength": -26.15673, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.633043, "energy": 57.911018, "activity_lines": [ 135.186668, 128.793637, 122.610477, 125.609785 ] }, { "date": "2025-12-26", "close": 133.0, "volume": 0, "typical_volume": 18.0, "trend": 132.135, "fair_value": 221.326923, "relative_strength": -26.730152, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.251278, "energy": 61.987568, "activity_lines": [ 135.463335, 130.405455, 123.830001, 125.607312 ] }, { "date": "2026-01-02", "close": 132.699997, "volume": 0, "typical_volume": 17.75, "trend": 131.223333, "fair_value": 220.85609, "relative_strength": -27.086925, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.251219, "energy": 54.486459, "activity_lines": [ 134.813333, 131.574546, 124.954762, 125.643764 ] }, { "date": "2026-01-09", "close": 147.300003, "volume": 14, "typical_volume": 18.45, "trend": 130.91, "fair_value": 220.39391, "relative_strength": -18.497494, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.409139, "energy": 51.518167, "activity_lines": [ 138.660001, 135.127273, 127.423572, 126.680968 ] }, { "date": "2026-01-16", "close": 149.300003, "volume": 75, "typical_volume": 22.2, "trend": 130.63, "fair_value": 219.927885, "relative_strength": -16.915309, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.436229, "energy": 63.880607, "activity_lines": [ 142.386668, 138.505456, 129.988572, 127.86742 ] }, { "date": "2026-01-23", "close": 144.149994, "volume": 4, "typical_volume": 22.4, "trend": 130.076667, "fair_value": 219.290385, "relative_strength": -18.998041, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.274957, "energy": 63.033601, "activity_lines": [ 143.883332, 140.332727, 131.929048, 128.739678 ] }, { "date": "2026-01-30", "close": 136.100006, "volume": 0, "typical_volume": 22.4, "trend": 129.041667, "fair_value": 218.097115, "relative_strength": -23.288793, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.959516, "energy": 71.11226, "activity_lines": [ 142.153335, 140.218183, 132.970715, 129.12828 ] }, { "date": "2026-02-06", "close": 155.25, "volume": 245, "typical_volume": 34.65, "trend": 128.476667, "fair_value": 217.194551, "relative_strength": -12.032019, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.742283, "energy": 75.133428, "activity_lines": [ 146.600001, 143.303637, 135.72881, 130.81914 ] }, { "date": "2026-02-13", "close": 155.350006, "volume": 16, "typical_volume": 34.45, "trend": 128.238334, "fair_value": 216.298077, "relative_strength": -10.193631, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.37798, "energy": 66.566681, "activity_lines": [ 149.576669, 145.896365, 138.288096, 132.552904 ] }, { "date": "2026-02-20", "close": 160.75, "volume": 0, "typical_volume": 34.45, "trend": 127.836667, "fair_value": 215.484936, "relative_strength": -9.026118, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.077753, "energy": 80.233729, "activity_lines": [ 153.816669, 149.110001, 141.13643, 134.650431 ] }, { "date": "2026-02-27", "close": 159.100006, "volume": 0, "typical_volume": 34.45, "trend": 129.230001, "fair_value": 214.498398, "relative_strength": -7.413963, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.912829, "energy": 85.945974, "activity_lines": [ 156.743337, 151.675457, 143.599049, 136.667421 ] }, { "date": "2026-03-06", "close": 147.199997, "volume": 0, "typical_volume": 34.45, "trend": 130.166667, "fair_value": 213.520833, "relative_strength": -9.068361, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.326717, "energy": 65.356198, "activity_lines": [ 154.706668, 151.657274, 144.69262, 137.826775 ] }, { "date": "2026-03-13", "close": 148.75, "volume": 75, "typical_volume": 38.2, "trend": 131.026668, "fair_value": 212.536859, "relative_strength": -5.237092, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.677107, "energy": 51.51103, "activity_lines": [ 152.446667, 151.662729, 145.764525, 139.0257 ] }, { "date": "2026-03-20", "close": 152.350006, "volume": 75, "typical_volume": 29.1, "trend": 131.855001, "fair_value": 211.714423, "relative_strength": -1.219562, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.45515, "energy": 38.468477, "activity_lines": [ 151.820002, 152.030911, 147.031906, 140.401399 ] }, { "date": "2026-03-27", "close": 145.199997, "volume": 8, "typical_volume": 29.5, "trend": 132.656668, "fair_value": 210.724359, "relative_strength": -6.766665, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.842739, "energy": 22.706449, "activity_lines": [ 149.010001, 151.007274, 147.453335, 141.262367 ] }, { "date": "2026-04-03", "close": 149.399994, "volume": 0, "typical_volume": 29.5, "trend": 133.756667, "fair_value": 209.814423, "relative_strength": -6.781701, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.210292, "energy": 21.081784, "activity_lines": [ 148.636665, 150.821818, 148.133334, 142.342581 ] }, { "date": "2026-04-10", "close": 149.800003, "volume": 71, "typical_volume": 33.05, "trend": 134.965001, "fair_value": 208.789103, "relative_strength": -11.574925, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.8556, "energy": 21.250724, "activity_lines": [ 149.043333, 150.613637, 148.701191, 143.377635 ] }, { "date": "2026-04-17", "close": 163.25, "volume": 0, "typical_volume": 32.65, "trend": 136.690001, "fair_value": 207.770513, "relative_strength": -5.305287, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.64378, "energy": 38.426471, "activity_lines": [ 153.76, 152.601818, 150.410953, 145.202474 ] }, { "date": "2026-04-24", "close": 160.449997, "volume": 0, "typical_volume": 32.65, "trend": 138.436667, "fair_value": 206.983654, "relative_strength": -2.869872, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.551986, "energy": 43.355621, "activity_lines": [ 156.576665, 153.935454, 151.682143, 146.735377 ] }, { "date": "2026-05-01", "close": 148.75, "volume": 349, "typical_volume": 46.6, "trend": 139.636667, "fair_value": 206.128526, "relative_strength": -9.840305, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.690228, "energy": 34.854103, "activity_lines": [ 154.953333, 153.04909, 151.720238, 147.400753 ] }, { "date": "2026-05-08", "close": 139.25, "volume": 0, "typical_volume": 46.6, "trend": 140.625, "fair_value": 205.280128, "relative_strength": -16.090413, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.953289, "energy": 10.499547, "activity_lines": [ 149.926666, 150.653636, 150.819524, 147.375807 ] }, { "date": "2026-05-15", "close": 136.699997, "volume": 0, "typical_volume": 46.6, "trend": 141.46, "fair_value": 204.436539, "relative_strength": -16.479951, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.899346, "energy": 15.704668, "activity_lines": [ 144.726665, 148.155454, 149.660476, 147.122581 ] }, { "date": "2026-05-22", "close": 140.25, "volume": 0, "typical_volume": 46.6, "trend": 142.208334, "fair_value": 203.632692, "relative_strength": -15.448587, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.652361, "energy": 28.791656, "activity_lines": [ 141.583332, 146.493635, 148.821905, 147.044516 ] }, { "date": "2026-05-29", "close": 149.550003, "volume": 0, "typical_volume": 45.9, "trend": 143.27, "fair_value": 202.788782, "relative_strength": -11.551053, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.730843, "energy": 22.773652, "activity_lines": [ 143.073334, 146.677272, 148.833095, 147.518172 ] }, { "date": "2026-06-05", "close": 145.899994, "volume": 0, "typical_volume": 42.15, "trend": 144.283334, "fair_value": 201.901282, "relative_strength": -12.054455, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.202627, "energy": 22.29726, "activity_lines": [ 144.073332, 146.248181, 148.485952, 147.687849 ] }, { "date": "2026-06-12", "close": 151.100006, "volume": 0, "typical_volume": 41.95, "trend": 145.391667, "fair_value": 200.949038, "relative_strength": -10.714502, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.236648, "energy": 12.628536, "activity_lines": [ 146.996667, 146.751818, 148.650238, 148.127635 ] }, { "date": "2026-06-19", "close": 158.699997, "volume": 0, "typical_volume": 41.95, "trend": 146.661667, "fair_value": 200.046154, "relative_strength": -9.307944, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.512862, "energy": 31.958656, "activity_lines": [ 151.663333, 148.606363, 149.505238, 148.986237 ] }, { "date": "2026-06-26", "close": 154.850006, "volume": 0, "typical_volume": 29.7, "trend": 147.585001, "fair_value": 198.967949, "relative_strength": -9.034342, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.219644, "energy": 32.128092, "activity_lines": [ 153.580002, 149.599092, 149.885953, 149.514517 ] }, { "date": "2026-07-03", "close": 161.0, "volume": 0, "typical_volume": 28.9, "trend": 148.435001, "fair_value": 198.064423, "relative_strength": -6.805163, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.777916, "energy": 56.379785, "activity_lines": [ 156.573335, 151.862728, 150.854286, 150.38 ] }, { "date": "2026-07-10", "close": 155.050003, "volume": 239, "typical_volume": 40.85, "trend": 148.883334, "fair_value": 196.955769, "relative_strength": -8.15443, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.654311, "energy": 55.633515, "activity_lines": [ 156.820002, 153.034547, 151.229048, 150.806775 ] }, { "date": "2026-07-17", "close": 153.699997, "volume": 5, "typical_volume": 41.1, "trend": 149.473334, "fair_value": 195.990385, "relative_strength": -6.402632, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.000078, "energy": 45.883743, "activity_lines": [ 156.006667, 153.846364, 151.502381, 151.117527 ] }, { "date": "2026-07-24", "close": 148.850006, "volume": 0, "typical_volume": 41.1, "trend": 150.001667, "fair_value": 194.732693, "relative_strength": -9.642615, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.874245, "energy": 19.408072, "activity_lines": [ 153.403336, 153.513638, 151.339525, 151.077312 ] }, { "date": "2026-07-31", "close": 145.5, "volume": 167, "typical_volume": 45.7, "trend": 150.428334, "fair_value": 193.538462, "relative_strength": -11.451363, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.376305, "energy": 8.852977, "activity_lines": [ 150.340001, 152.350911, 150.849763, 150.786882 ] }, { "date": "2026-08-07", "close": 147.25, "volume": 67, "typical_volume": 45.3, "trend": 150.426667, "fair_value": 192.449039, "relative_strength": -12.806524, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.785797, "energy": 17.882834, "activity_lines": [ 148.483334, 151.41091, 150.542144, 150.581829 ] } ], "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." } } }