{ "ticker": { "uuid": "9d1f1972-6cd7-4182-94fd-e308fadd97c0", "symbol": "ACWIA", "name": "UBS MSCI ACWI SF UCITS ETF USD acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "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": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 92.461, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.173, "architecture_energy": 59.137, "architecture_maturity": 89.665, "architecture_confidence": 62.249, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 24.05, "rotation_up": 49.54, "upward_expansion": 80.96, "deceleration": 71.44, "rotation_down": 29.28, "downward_expansion": 9.96 }, "activity_lines": [ 227.130666, 226.67909, 223.619285, 218.957935 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 231.509995, "trend_reference": 213.413333, "distance_from_trend": 0.084796, "trend_direction": "Improving", "fair_value": 178.749907, "distance_from_fair_value": 0.295161, "fair_value_direction": "Improving", "relative_strength": -3.427056, "relative_strength_direction": "Weakening", "price_momentum": 0.140837, "excess_performance": -0.030055, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084796, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04586, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.295161, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028259, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034271, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01667, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.140837, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.349497, "read": "Demand-led" } ], "volume": { "latest": 14661, "relative_activity": 1.601184, "balance": 3.349497, "dry_up": 1.21413, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.019331, "annualized_volatility": 0.11309, "from_high_reference": -0.003658, "from_low_reference": 0.255341 }, "levels": { "trend_reference": 213.413333, "fair_value_reference": 178.749907, "structural_low": 193.309998, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 39, "median_return": 0.009843, "positive_rate": 0.717949, "directional_follow_through": 0.717949, "median_excess_return": -0.008281, "regime_survival": 0.820513, "best_return": 0.203423, "worst_return": -0.159897, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.025449, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": -0.017943, "regime_survival": 0.461538, "best_return": 0.094621, "worst_return": -0.145105, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.086521, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.01332, "regime_survival": 0.571429, "best_return": 0.141689, "worst_return": -0.08125, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.061986, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.071217, "regime_survival": 0.333333, "best_return": 0.219952, "worst_return": -0.001759, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-22", "end": "2023-10-27", "tenure": "Developing", "return": -0.044398, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-03", "end": "2023-12-01", "tenure": "Developing", "return": 0.041734, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-08-02", "tenure": "Extended", "return": 0.116248, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.065231, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-02-28", "tenure": "Established", "return": 0.072039, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.1141, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.118663, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.021343, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.021661, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-11-21", "tenure": "Established", "return": 0.037911, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-16", "tenure": "Developing", "return": 0.034965, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-27", "tenure": "Developing", "return": -0.045708, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.062497, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.093679, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 135.710007, "volume": 218, "typical_volume": 635.75, "trend": 133.645335, "fair_value": 128.055833, "relative_strength": -5.471167, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.684304, "energy": 38.717453, "activity_lines": [ 138.208667, 138.291455, 136.950715, 135.351872 ] }, { "date": "2023-08-25", "close": 137.529999, "volume": 84, "typical_volume": 631.05, "trend": 133.855001, "fair_value": 128.270961, "relative_strength": -5.218258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.383185, "energy": 23.831952, "activity_lines": [ 137.739333, 138.170727, 137.169572, 135.602496 ] }, { "date": "2023-09-01", "close": 141.320007, "volume": 582, "typical_volume": 647.1, "trend": 134.117001, "fair_value": 128.528141, "relative_strength": -3.684695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.640555, "energy": 32.92541, "activity_lines": [ 138.647336, 138.764183, 137.711668, 136.084109 ] }, { "date": "2023-09-08", "close": 140.679993, "volume": 434, "typical_volume": 653.8, "trend": 134.386334, "fair_value": 128.779679, "relative_strength": -2.289374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.049925, "energy": 40.004547, "activity_lines": [ 139.387333, 139.142727, 138.142715, 136.507528 ] }, { "date": "2023-09-15", "close": 141.970001, "volume": 6348, "typical_volume": 949.85, "trend": 134.713001, "fair_value": 129.039679, "relative_strength": -3.215553, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.187185, "energy": 58.893274, "activity_lines": [ 140.486667, 139.715091, 138.649286, 136.996797 ] }, { "date": "2023-09-22", "close": 138.970001, "volume": 2021, "typical_volume": 1046.0, "trend": 135.006334, "fair_value": 129.287692, "relative_strength": -3.776671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.261567, "energy": 53.870061, "activity_lines": [ 140.329333, 139.644, 138.815429, 137.271442 ] }, { "date": "2023-09-29", "close": 138.679993, "volume": 348, "typical_volume": 1056.55, "trend": 135.229668, "fair_value": 129.520705, "relative_strength": -2.41702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.622133, "energy": 39.373801, "activity_lines": [ 139.857998, 139.491999, 138.912904, 137.508452 ] }, { "date": "2023-10-06", "close": 136.880005, "volume": 312, "typical_volume": 1054.2, "trend": 135.517668, "fair_value": 129.726923, "relative_strength": -1.768715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.686565, "energy": 17.749343, "activity_lines": [ 138.71, 139.022909, 138.803381, 137.614925 ] }, { "date": "2023-10-13", "close": 139.470001, "volume": 289, "typical_volume": 1060.6, "trend": 135.938334, "fair_value": 129.94359, "relative_strength": -1.033373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.607235, "energy": 19.54962, "activity_lines": [ 138.721334, 139.117818, 138.927572, 137.869915 ] }, { "date": "2023-10-20", "close": 138.850006, "volume": 85, "typical_volume": 1058.55, "trend": 136.320668, "fair_value": 130.168461, "relative_strength": 1.993431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.844324, "energy": 17.403267, "activity_lines": [ 138.606669, 139.102729, 138.96962, 138.057764 ] }, { "date": "2023-10-27", "close": 132.800003, "volume": 963, "typical_volume": 1084.65, "trend": 136.393001, "fair_value": 130.376602, "relative_strength": -1.878657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -18.318074, "energy": 23.968371, "activity_lines": [ 136.683336, 137.974365, 138.410096, 137.830625 ] }, { "date": "2023-11-03", "close": 137.059998, "volume": 101, "typical_volume": 1057.95, "trend": 136.641335, "fair_value": 130.578461, "relative_strength": -3.369262, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -11.533848, "energy": 20.566651, "activity_lines": [ 136.591335, 137.673456, 138.277286, 137.873657 ] }, { "date": "2023-11-10", "close": 138.190002, "volume": 131, "typical_volume": 1049.0, "trend": 136.887668, "fair_value": 130.769744, "relative_strength": -1.8071, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.927773, "energy": 16.113261, "activity_lines": [ 136.984002, 137.586547, 138.260906, 137.973571 ] }, { "date": "2023-11-17", "close": 139.729996, "volume": 3599, "typical_volume": 1098.3, "trend": 137.187334, "fair_value": 130.964743, "relative_strength": -3.859028, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.32379, "energy": 17.021288, "activity_lines": [ 137.802666, 137.836546, 138.380286, 138.156947 ] }, { "date": "2023-11-24", "close": 141.029999, "volume": 2573, "typical_volume": 977.8, "trend": 137.539001, "fair_value": 131.159102, "relative_strength": -2.546102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.085901, "energy": 29.179802, "activity_lines": [ 139.037332, 138.340182, 138.617334, 138.404861 ] }, { "date": "2023-12-01", "close": 142.779999, "volume": 1053, "typical_volume": 1027.8, "trend": 137.953334, "fair_value": 131.365833, "relative_strength": -2.749936, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.805545, "energy": 55.485638, "activity_lines": [ 140.709999, 139.179091, 138.999857, 138.74299 ] }, { "date": "2023-12-08", "close": 144.259995, "volume": 177, "typical_volume": 1022.25, "trend": 138.388334, "fair_value": 131.585769, "relative_strength": -3.058837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.752385, "energy": 77.375886, "activity_lines": [ 142.210664, 140.217817, 139.497809, 139.149871 ] }, { "date": "2023-12-15", "close": 146.320007, "volume": 877, "typical_volume": 1040.8, "trend": 138.793667, "fair_value": 131.813526, "relative_strength": -1.402128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.835393, "energy": 88.052545, "activity_lines": [ 143.918, 141.529637, 140.168048, 139.661592 ] }, { "date": "2023-12-22", "close": 146.25, "volume": 4801, "typical_volume": 1267.45, "trend": 139.181334, "fair_value": 132.039872, "relative_strength": -1.227932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.28457, "energy": 90.152261, "activity_lines": [ 145.060001, 142.657091, 140.811048, 140.142645 ] }, { "date": "2023-12-29", "close": 146.110001, "volume": 177, "typical_volume": 1258.65, "trend": 139.601, "fair_value": 132.260577, "relative_strength": -1.167079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.81017, "energy": 88.159372, "activity_lines": [ 145.720668, 143.635818, 141.409143, 140.589656 ] }, { "date": "2024-01-05", "close": 145.679993, "volume": 215, "typical_volume": 1258.5, "trend": 139.883333, "fair_value": 132.457949, "relative_strength": -1.641684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.271207, "energy": 84.624797, "activity_lines": [ 145.899332, 144.404363, 141.928238, 140.981849 ] }, { "date": "2024-01-12", "close": 147.330002, "volume": 1302, "typical_volume": 1319.4, "trend": 140.164, "fair_value": 132.663846, "relative_strength": -0.566035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.591944, "energy": 85.646149, "activity_lines": [ 146.434666, 145.238727, 142.557, 141.46228 ] }, { "date": "2024-01-19", "close": 146.199997, "volume": 270, "typical_volume": 1303.8, "trend": 140.507333, "fair_value": 132.856731, "relative_strength": -0.663723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.669671, "energy": 61.024892, "activity_lines": [ 146.388665, 145.680908, 143.031476, 141.851699 ] }, { "date": "2024-01-26", "close": 150.990005, "volume": 1210, "typical_volume": 1342.6, "trend": 140.925667, "fair_value": 133.100385, "relative_strength": 2.267718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.099061, "energy": 85.630724, "activity_lines": [ 147.947334, 146.848364, 143.938905, 142.528 ] }, { "date": "2024-02-02", "close": 152.699997, "volume": 854, "typical_volume": 1067.9, "trend": 141.463, "fair_value": 133.320256, "relative_strength": 2.276805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.953333, "energy": 96.017635, "activity_lines": [ 149.76, 148.122, 144.960095, 143.287634 ] }, { "date": "2024-02-09", "close": 154.199997, "volume": 6607, "typical_volume": 1297.2, "trend": 142.022333, "fair_value": 133.542564, "relative_strength": 1.794711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.430146, "energy": 96.15465, "activity_lines": [ 151.633332, 149.456181, 146.073047, 144.109376 ] }, { "date": "2024-02-16", "close": 155.270004, "volume": 743, "typical_volume": 1316.95, "trend": 142.556667, "fair_value": 133.771026, "relative_strength": 0.588568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.864586, "energy": 95.97845, "activity_lines": [ 153.295334, 150.777273, 147.215381, 144.964064 ] }, { "date": "2024-02-23", "close": 157.009995, "volume": 695, "typical_volume": 1336.1, "trend": 143.057, "fair_value": 134.03609, "relative_strength": -1.289593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.42439, "energy": 95.821585, "activity_lines": [ 155.007999, 152.214544, 148.444428, 145.896537 ] }, { "date": "2024-03-01", "close": 157.809998, "volume": 919, "typical_volume": 1367.6, "trend": 143.663333, "fair_value": 134.309679, "relative_strength": -1.507432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.522813, "energy": 95.078202, "activity_lines": [ 156.266665, 153.602908, 149.653809, 146.848344 ] }, { "date": "2024-03-08", "close": 157.910004, "volume": 731, "typical_volume": 1399.9, "trend": 144.323, "fair_value": 134.553782, "relative_strength": -2.841972, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.348997, "energy": 91.780262, "activity_lines": [ 157.104, 154.799272, 150.785381, 147.767484 ] }, { "date": "2024-03-15", "close": 157.600006, "volume": 2111, "typical_volume": 1457.3, "trend": 145.052667, "fair_value": 134.793782, "relative_strength": -4.438675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.171724, "energy": 73.83063, "activity_lines": [ 157.490669, 155.724728, 151.796667, 148.624065 ] }, { "date": "2024-03-22", "close": 161.559998, "volume": 36577, "typical_volume": 3281.1, "trend": 145.853667, "fair_value": 135.054872, "relative_strength": -3.10725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.682029, "energy": 76.622164, "activity_lines": [ 158.970668, 157.153455, 153.067, 149.689054 ] }, { "date": "2024-03-29", "close": 162.320007, "volume": 5342, "typical_volume": 3541.65, "trend": 146.553667, "fair_value": 135.306026, "relative_strength": -3.732866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.42569, "energy": 75.486578, "activity_lines": [ 160.28467, 158.461638, 154.293048, 150.751398 ] }, { "date": "2024-04-05", "close": 160.460007, "volume": 14388, "typical_volume": 4081.1, "trend": 147.213001, "fair_value": 135.540833, "relative_strength": -2.750984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.259883, "energy": 68.096149, "activity_lines": [ 160.624672, 159.138548, 155.227049, 151.648582 ] }, { "date": "2024-04-12", "close": 161.389999, "volume": 8124, "typical_volume": 4358.65, "trend": 147.860334, "fair_value": 135.772308, "relative_strength": -1.505794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.063835, "energy": 68.941934, "activity_lines": [ 161.098003, 159.812366, 156.150906, 152.563227 ] }, { "date": "2024-04-19", "close": 156.919998, "volume": 2597, "typical_volume": 4435.85, "trend": 148.458667, "fair_value": 135.981346, "relative_strength": -4.64729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.821218, "energy": 63.030118, "activity_lines": [ 159.849335, 159.515456, 156.552096, 153.147721 ] }, { "date": "2024-04-26", "close": 159.990005, "volume": 9160, "typical_volume": 4885.0, "trend": 149.169001, "fair_value": 136.209423, "relative_strength": -3.656446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.217868, "energy": 55.945288, "activity_lines": [ 159.669336, 159.727275, 157.178335, 153.891678 ] }, { "date": "2024-05-03", "close": 160.210007, "volume": 6320, "typical_volume": 5157.15, "trend": 149.946668, "fair_value": 136.435192, "relative_strength": -1.741589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.081139, "energy": 50.874466, "activity_lines": [ 159.667337, 159.893276, 157.750621, 154.604001 ] }, { "date": "2024-05-10", "close": 163.270004, "volume": 2111, "typical_volume": 5022.65, "trend": 150.740001, "fair_value": 136.694038, "relative_strength": -2.801564, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.112032, "energy": 59.821003, "activity_lines": [ 160.826004, 160.557458, 158.548193, 155.463571 ] }, { "date": "2024-05-17", "close": 164.330002, "volume": 6317, "typical_volume": 5329.65, "trend": 151.589334, "fair_value": 136.958141, "relative_strength": -4.132588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.872947, "energy": 68.183824, "activity_lines": [ 162.15067, 161.315094, 159.365669, 156.340346 ] }, { "date": "2024-05-24", "close": 164.229996, "volume": 9779, "typical_volume": 5807.85, "trend": 152.637001, "fair_value": 137.210321, "relative_strength": -1.560021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.101314, "energy": 67.957355, "activity_lines": [ 163.246001, 161.93782, 160.086859, 157.155872 ] }, { "date": "2024-05-31", "close": 161.309998, "volume": 9908, "typical_volume": 6238.15, "trend": 153.445334, "fair_value": 137.438077, "relative_strength": -3.214562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.443993, "energy": 60.110101, "activity_lines": [ 162.880666, 161.909092, 160.441621, 157.71542 ] }, { "date": "2024-06-07", "close": 164.699997, "volume": 8715, "typical_volume": 6660.4, "trend": 154.329, "fair_value": 137.680577, "relative_strength": -1.542138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.677054, "energy": 60.638286, "activity_lines": [ 163.557332, 162.501273, 161.052668, 158.441528 ] }, { "date": "2024-06-14", "close": 167.210007, "volume": 1479, "typical_volume": 6673.85, "trend": 155.245001, "fair_value": 137.937821, "relative_strength": 6.006959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.248082, "energy": 64.55325, "activity_lines": [ 164.771334, 163.506547, 161.814668, 159.27256 ] }, { "date": "2024-06-21", "close": 168.649994, "volume": 564, "typical_volume": 6659.35, "trend": 156.165667, "fair_value": 138.191026, "relative_strength": 4.823991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.442513, "energy": 69.770691, "activity_lines": [ 166.202665, 164.650909, 162.636572, 160.137399 ] }, { "date": "2024-06-28", "close": 169.199997, "volume": 2108, "typical_volume": 6434.4, "trend": 157.046334, "fair_value": 138.438974, "relative_strength": 5.573601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.738102, "energy": 86.967514, "activity_lines": [ 167.529332, 165.763272, 163.434905, 160.978323 ] }, { "date": "2024-07-05", "close": 169.580002, "volume": 587, "typical_volume": 6426.6, "trend": 157.890334, "fair_value": 138.688077, "relative_strength": 3.184529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.928887, "energy": 89.125439, "activity_lines": [ 168.651333, 166.721454, 164.198001, 161.786947 ] }, { "date": "2024-07-12", "close": 171.479996, "volume": 4644, "typical_volume": 6624.05, "trend": 158.729, "fair_value": 138.946859, "relative_strength": 2.484341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.208933, "energy": 92.190198, "activity_lines": [ 169.855332, 167.850726, 165.073905, 162.663699 ] }, { "date": "2024-07-19", "close": 167.679993, "volume": 1481, "typical_volume": 6652.15, "trend": 159.443334, "fair_value": 139.173974, "relative_strength": 1.252081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.207979, "energy": 75.374359, "activity_lines": [ 169.340663, 168.084179, 165.518999, 163.241183 ] }, { "date": "2024-07-26", "close": 166.559998, "volume": 277, "typical_volume": 6629.45, "trend": 160.125, "fair_value": 139.4075, "relative_strength": 1.732029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.290796, "energy": 56.368777, "activity_lines": [ 168.42133, 168.033816, 165.810428, 163.700322 ] }, { "date": "2024-08-02", "close": 161.029999, "volume": 919, "typical_volume": 6569.85, "trend": 160.636667, "fair_value": 139.594359, "relative_strength": 3.802276, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.900494, "energy": 17.700639, "activity_lines": [ 165.797997, 166.937452, 165.533999, 163.758709 ] }, { "date": "2024-08-09", "close": 162.039993, "volume": 389, "typical_volume": 4760.45, "trend": 161.127, "fair_value": 139.776731, "relative_strength": 5.143102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.284079, "energy": 22.286179, "activity_lines": [ 164.055996, 166.082906, 165.337427, 163.849247 ] }, { "date": "2024-08-16", "close": 167.339996, "volume": 2394, "typical_volume": 4613.05, "trend": 161.831667, "fair_value": 140.000513, "relative_strength": 4.371724, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.503225, "energy": 26.332685, "activity_lines": [ 164.583329, 166.178724, 165.643331, 164.250085 ] }, { "date": "2024-08-23", "close": 167.889999, "volume": 230, "typical_volume": 3905.15, "trend": 162.395, "fair_value": 140.217436, "relative_strength": 2.773308, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.998853, "energy": 24.277744, "activity_lines": [ 165.569997, 166.326542, 165.977712, 164.640945 ] }, { "date": "2024-08-30", "close": 169.050003, "volume": 2850, "typical_volume": 3641.45, "trend": 162.94, "fair_value": 140.437884, "relative_strength": 1.312567, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.390877, "energy": 31.933362, "activity_lines": [ 166.929332, 166.672907, 166.387189, 165.0703 ] }, { "date": "2024-09-06", "close": 162.779999, "volume": 1136, "typical_volume": 3568.4, "trend": 163.226, "fair_value": 140.622115, "relative_strength": 0.762787, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.345084, "energy": 16.765155, "activity_lines": [ 166.032666, 165.871998, 166.163046, 165.059978 ] }, { "date": "2024-09-13", "close": 168.399994, "volume": 1915, "typical_volume": 3206.15, "trend": 163.663666, "fair_value": 140.846923, "relative_strength": 3.339105, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.67156, "energy": 27.540726, "activity_lines": [ 166.892665, 166.209634, 166.446236, 165.393784 ] }, { "date": "2024-09-20", "close": 169.350006, "volume": 1488, "typical_volume": 2964.55, "trend": 164.075, "fair_value": 141.081859, "relative_strength": 3.262421, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.536469, "energy": 30.418771, "activity_lines": [ 167.645334, 166.741454, 166.779856, 165.760644 ] }, { "date": "2024-09-27", "close": 172.610001, "volume": 12205, "typical_volume": 3469.25, "trend": 164.568333, "fair_value": 141.347179, "relative_strength": 2.301117, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.539713, "energy": 50.158824, "activity_lines": [ 169.350667, 167.904727, 167.380427, 166.31129 ] }, { "date": "2024-10-04", "close": 174.210007, "volume": 544, "typical_volume": 3180.6, "trend": 165.111667, "fair_value": 141.607756, "relative_strength": 6.620222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.863512, "energy": 71.463176, "activity_lines": [ 171.27467, 169.269274, 168.088904, 166.933333 ] }, { "date": "2024-10-11", "close": 176.389999, "volume": 1103, "typical_volume": 2746.8, "trend": 165.738, "fair_value": 141.868269, "relative_strength": 5.62333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.146607, "energy": 78.866083, "activity_lines": [ 173.581335, 170.891092, 168.957952, 167.660967 ] }, { "date": "2024-10-18", "close": 178.479996, "volume": 8947, "typical_volume": 2698.75, "trend": 166.302, "fair_value": 142.133205, "relative_strength": 4.156998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.174954, "energy": 85.948839, "activity_lines": [ 175.677334, 172.613637, 169.968142, 168.483032 ] }, { "date": "2024-10-25", "close": 177.059998, "volume": 1377, "typical_volume": 2331.85, "trend": 166.793333, "fair_value": 142.381282, "relative_strength": 4.507257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.564731, "energy": 83.508687, "activity_lines": [ 176.627999, 173.779091, 170.761333, 169.177096 ] }, { "date": "2024-11-01", "close": 174.770004, "volume": 3973, "typical_volume": 2456.55, "trend": 167.270333, "fair_value": 142.597179, "relative_strength": 3.346911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.297854, "energy": 79.927492, "activity_lines": [ 176.301334, 174.351455, 171.277571, 169.69172 ] }, { "date": "2024-11-08", "close": 181.639999, "volume": 214, "typical_volume": 2439.05, "trend": 167.945333, "fair_value": 142.850705, "relative_strength": 9.910955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.74175, "energy": 86.952274, "activity_lines": [ 178.120666, 176.047819, 172.412095, 170.618795 ] }, { "date": "2024-11-15", "close": 180.970001, "volume": 701, "typical_volume": 2368.7, "trend": 168.747, "fair_value": 143.090449, "relative_strength": 8.068164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.86173, "energy": 83.294626, "activity_lines": [ 179.221334, 177.393455, 173.420952, 171.459096 ] }, { "date": "2024-11-22", "close": 185.809998, "volume": 4526, "typical_volume": 2565.65, "trend": 169.607666, "fair_value": 143.390961, "relative_strength": 12.93227, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.273994, "energy": 88.798839, "activity_lines": [ 181.63, 179.288364, 174.834714, 172.559935 ] }, { "date": "2024-11-29", "close": 184.419998, "volume": 960, "typical_volume": 2381.45, "trend": 170.414666, "fair_value": 143.689936, "relative_strength": 12.027615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.924123, "energy": 87.937958, "activity_lines": [ 183.086666, 180.614, 176.038809, 173.515569 ] }, { "date": "2024-12-06", "close": 187.020004, "volume": 2263, "typical_volume": 2420.55, "trend": 171.206332, "fair_value": 143.981346, "relative_strength": 8.971537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.89917, "energy": 90.833266, "activity_lines": [ 184.919334, 182.138364, 177.428905, 174.586881 ] }, { "date": "2024-12-13", "close": 186.610001, "volume": 17547, "typical_volume": 3284.05, "trend": 171.948999, "fair_value": 144.274295, "relative_strength": 8.075814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.241517, "energy": 89.409323, "activity_lines": [ 185.798667, 183.326182, 178.687857, 175.580666 ] }, { "date": "2024-12-20", "close": 184.429993, "volume": 46097, "typical_volume": 5542.95, "trend": 172.622332, "fair_value": 144.552115, "relative_strength": 10.090317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.181671, "energy": 73.613005, "activity_lines": [ 185.619998, 183.892181, 179.643714, 176.385892 ] }, { "date": "2024-12-27", "close": 184.889999, "volume": 67, "typical_volume": 5526.85, "trend": 173.408332, "fair_value": 144.813013, "relative_strength": 8.8363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.157934, "energy": 63.92794, "activity_lines": [ 185.363998, 184.395635, 180.531952, 177.177354 ] }, { "date": "2025-01-03", "close": 186.210007, "volume": 1483, "typical_volume": 5481.3, "trend": 174.125333, "fair_value": 145.096218, "relative_strength": 9.435532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.984523, "energy": 61.659047, "activity_lines": [ 185.609334, 185.022546, 181.437096, 178.003269 ] }, { "date": "2025-01-10", "close": 184.330002, "volume": 9237, "typical_volume": 5931.65, "trend": 174.695999, "fair_value": 145.382115, "relative_strength": 5.191159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.004138, "energy": 48.229827, "activity_lines": [ 185.108668, 185.141273, 182.073334, 178.661634 ] }, { "date": "2025-01-17", "close": 188.800003, "volume": 1127, "typical_volume": 5845.5, "trend": 175.367666, "fair_value": 145.713077, "relative_strength": 4.090993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.360207, "energy": 57.843694, "activity_lines": [ 186.277336, 185.89891, 183.057001, 179.57157 ] }, { "date": "2025-01-24", "close": 189.070007, "volume": 628, "typical_volume": 5820.1, "trend": 176.03, "fair_value": 146.062628, "relative_strength": 4.33145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.573909, "energy": 58.561445, "activity_lines": [ 187.390004, 186.575457, 183.972335, 180.455592 ] }, { "date": "2025-01-31", "close": 191.449997, "volume": 2519, "typical_volume": 5850.3, "trend": 176.759, "fair_value": 146.427757, "relative_strength": 4.747834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.183111, "energy": 62.491795, "activity_lines": [ 188.986669, 187.537456, 184.989144, 181.450431 ] }, { "date": "2025-02-07", "close": 190.860001, "volume": 2125, "typical_volume": 5882.15, "trend": 177.405, "fair_value": 146.775449, "relative_strength": 2.699966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.076122, "energy": 74.375081, "activity_lines": [ 189.949335, 188.289638, 185.840001, 182.360173 ] }, { "date": "2025-02-14", "close": 191.039993, "volume": 680, "typical_volume": 5305.9, "trend": 178.183667, "fair_value": 147.142051, "relative_strength": 0.248491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.717154, "energy": 76.045591, "activity_lines": [ 190.661998, 188.957455, 186.605572, 183.23985 ] }, { "date": "2025-02-21", "close": 191.509995, "volume": 6563, "typical_volume": 5606.85, "trend": 179.015333, "fair_value": 147.513333, "relative_strength": -0.733269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.526714, "energy": 75.1162, "activity_lines": [ 191.083997, 189.637635, 187.328143, 184.099613 ] }, { "date": "2025-02-28", "close": 186.759995, "volume": 1496, "typical_volume": 5626.5, "trend": 179.873, "fair_value": 147.85718, "relative_strength": -3.796029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.911981, "energy": 49.603402, "activity_lines": [ 189.741996, 189.365089, 187.515952, 184.599268 ] }, { "date": "2025-03-07", "close": 176.600006, "volume": 1777, "typical_volume": 5268.0, "trend": 180.358333, "fair_value": 148.145128, "relative_strength": -8.83068, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 4.086545, "energy": 12.6145, "activity_lines": [ 185.167332, 187.202908, 186.686762, 184.388108 ] }, { "date": "2025-03-14", "close": 174.479996, "volume": 1449, "typical_volume": 5271.6, "trend": 180.596333, "fair_value": 148.389231, "relative_strength": -10.024887, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": -21.000614, "energy": 34.948563, "activity_lines": [ 180.875998, 184.805999, 185.664619, 184.00886 ] }, { "date": "2025-03-21", "close": 176.639999, "volume": 3433, "typical_volume": 5244.6, "trend": 180.888, "fair_value": 148.630449, "relative_strength": -9.738099, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.851491, "energy": 47.471361, "activity_lines": [ 178.396665, 183.015089, 184.860476, 183.753613 ] }, { "date": "2025-03-28", "close": 174.199997, "volume": 2699, "typical_volume": 5368.85, "trend": 181.059666, "fair_value": 148.854103, "relative_strength": -10.242454, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.27669, "energy": 60.832234, "activity_lines": [ 176.063998, 180.920362, 183.815047, 183.322129 ] }, { "date": "2025-04-04", "close": 159.190002, "volume": 9156, "typical_volume": 5791.6, "trend": 180.94, "fair_value": 148.988013, "relative_strength": -8.250799, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -67.93479, "energy": 86.450364, "activity_lines": [ 169.882, 176.361999, 181.375523, 181.911182 ] }, { "date": "2025-04-11", "close": 156.449997, "volume": 7344, "typical_volume": 5932.5, "trend": 180.541667, "fair_value": 149.098974, "relative_strength": -8.120118, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.807055, "energy": 95.697001, "activity_lines": [ 164.624665, 171.848726, 178.778761, 180.331182 ] }, { "date": "2025-04-18", "close": 159.190002, "volume": 26974, "typical_volume": 7233.2, "trend": 180.203, "fair_value": 149.248269, "relative_strength": -11.514447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.887104, "energy": 90.990673, "activity_lines": [ 161.624, 168.469999, 176.582761, 178.953655 ] }, { "date": "2025-04-25", "close": 164.570007, "volume": 1801, "typical_volume": 7210.1, "trend": 179.935, "fair_value": 149.430898, "relative_strength": -11.784748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.69203, "energy": 84.425237, "activity_lines": [ 161.436002, 166.645273, 175.019286, 177.945075 ] }, { "date": "2025-05-02", "close": 170.389999, "volume": 2807, "typical_volume": 6473.1, "trend": 179.807666, "fair_value": 149.675898, "relative_strength": -10.891097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.584841, "energy": 59.484282, "activity_lines": [ 163.992668, 166.360001, 174.117, 177.329269 ] }, { "date": "2025-05-09", "close": 171.600006, "volume": 1316, "typical_volume": 4234.05, "trend": 179.648, "fair_value": 149.935898, "relative_strength": -12.514648, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.929482, "energy": 40.637755, "activity_lines": [ 167.20667, 166.678729, 173.407191, 176.799742 ] }, { "date": "2025-05-16", "close": 179.470001, "volume": 17846, "typical_volume": 5123.0, "trend": 179.681, "fair_value": 150.272052, "relative_strength": -11.318541, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.711094, "energy": 23.991036, "activity_lines": [ 172.216669, 168.704002, 173.508001, 176.788258 ] }, { "date": "2025-05-23", "close": 174.410004, "volume": 1769, "typical_volume": 5137.3, "trend": 179.592667, "fair_value": 150.546154, "relative_strength": -11.122622, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.929989, "energy": 28.035975, "activity_lines": [ 174.005336, 169.757093, 173.152715, 176.448194 ] }, { "date": "2025-05-30", "close": 176.570007, "volume": 412, "typical_volume": 4696.05, "trend": 179.652667, "fair_value": 150.837052, "relative_strength": -11.302233, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.388786, "energy": 24.949578, "activity_lines": [ 175.499338, 171.204185, 173.059335, 176.253184 ] }, { "date": "2025-06-06", "close": 178.080002, "volume": 3207, "typical_volume": 4800.05, "trend": 179.534001, "fair_value": 151.160577, "relative_strength": -11.553058, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.537795, "energy": 22.175972, "activity_lines": [ 176.696671, 172.927094, 173.146716, 176.151722 ] }, { "date": "2025-06-13", "close": 176.639999, "volume": 752, "typical_volume": 4806.25, "trend": 179.389667, "fair_value": 151.515193, "relative_strength": -9.456414, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.933125, "energy": 16.287741, "activity_lines": [ 176.901336, 174.317639, 173.148001, 175.965012 ] }, { "date": "2025-06-20", "close": 175.710007, "volume": 839, "typical_volume": 4722.25, "trend": 179.053001, "fair_value": 151.835321, "relative_strength": -9.249428, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.855182, "energy": 14.045651, "activity_lines": [ 176.460004, 175.221822, 173.119907, 175.727614 ] }, { "date": "2025-06-27", "close": 178.559998, "volume": 2242, "typical_volume": 4728.1, "trend": 178.857668, "fair_value": 152.183141, "relative_strength": -8.746189, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.421451, "energy": 12.11919, "activity_lines": [ 177.219335, 176.294003, 173.438192, 175.695808 ] }, { "date": "2025-07-04", "close": 178.850006, "volume": 3040, "typical_volume": 4846.1, "trend": 178.585334, "fair_value": 152.493141, "relative_strength": -8.150571, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.489352, "energy": 20.827219, "activity_lines": [ 177.79867, 177.06673, 173.842669, 175.695313 ] }, { "date": "2025-07-11", "close": 180.410004, "volume": 4015, "typical_volume": 4718.7, "trend": 178.378668, "fair_value": 152.822372, "relative_strength": -8.239378, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.883371, "energy": 42.947421, "activity_lines": [ 178.746003, 177.863458, 174.453765, 175.813034 ] }, { "date": "2025-07-18", "close": 181.889999, "volume": 5914, "typical_volume": 4939.6, "trend": 178.294001, "fair_value": 153.142949, "relative_strength": -7.883316, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.847911, "energy": 53.991803, "activity_lines": [ 180.031335, 178.747093, 175.258669, 176.039572 ] }, { "date": "2025-07-25", "close": 183.080002, "volume": 5324, "typical_volume": 5116.95, "trend": 178.233668, "fair_value": 153.450065, "relative_strength": -8.067749, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.247664, "energy": 61.957173, "activity_lines": [ 181.363335, 179.660002, 176.200098, 176.348346 ] }, { "date": "2025-08-01", "close": 181.089996, "volume": 3843, "typical_volume": 5236.65, "trend": 178.063001, "fair_value": 153.738206, "relative_strength": -7.103441, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.245474, "energy": 58.682533, "activity_lines": [ 181.540667, 180.145456, 176.921145, 176.532625 ] }, { "date": "2025-08-08", "close": 183.820007, "volume": 1711, "typical_volume": 5150.55, "trend": 178.046001, "fair_value": 154.025642, "relative_strength": -9.26727, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.098307, "energy": 62.097085, "activity_lines": [ 182.459335, 181.00582, 177.870717, 176.904045 ] }, { "date": "2025-08-15", "close": 186.449997, "volume": 519, "typical_volume": 5041.55, "trend": 177.967668, "fair_value": 154.323013, "relative_strength": -9.944743, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.354392, "energy": 73.922141, "activity_lines": [ 183.923334, 182.212547, 179.036573, 177.446238 ] }, { "date": "2025-08-22", "close": 185.830002, "volume": 318, "typical_volume": 4599.65, "trend": 177.859667, "fair_value": 154.630898, "relative_strength": -11.358354, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.068224, "energy": 84.540293, "activity_lines": [ 184.778001, 183.154365, 180.085049, 177.953485 ] }, { "date": "2025-08-29", "close": 185.960007, "volume": 506, "typical_volume": 4257.75, "trend": 177.676668, "fair_value": 154.964295, "relative_strength": -8.76928, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.558876, "energy": 86.987546, "activity_lines": [ 185.413336, 183.952729, 181.01905, 178.476088 ] }, { "date": "2025-09-05", "close": 186.169998, "volume": 4102, "typical_volume": 3114.15, "trend": 177.520334, "fair_value": 155.291603, "relative_strength": -7.222177, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.924834, "energy": 85.514323, "activity_lines": [ 185.926668, 184.602911, 181.832526, 179.024045 ] }, { "date": "2025-09-12", "close": 190.050003, "volume": 3823, "typical_volume": 3215.25, "trend": 177.487335, "fair_value": 155.643783, "relative_strength": -7.215998, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.91639, "energy": 90.513846, "activity_lines": [ 187.394669, 185.820183, 182.88705, 179.832411 ] }, { "date": "2025-09-19", "close": 190.899994, "volume": 1819, "typical_volume": 3165.85, "trend": 177.467001, "fair_value": 156.052757, "relative_strength": -6.052221, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.721897, "energy": 89.186816, "activity_lines": [ 188.730666, 186.988364, 183.901192, 180.697743 ] }, { "date": "2025-09-26", "close": 190.910004, "volume": 9526, "typical_volume": 3576.35, "trend": 177.605335, "fair_value": 156.473911, "relative_strength": -6.59841, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.43561, "energy": 86.893324, "activity_lines": [ 189.773334, 187.967637, 184.81862, 181.565034 ] }, { "date": "2025-10-03", "close": 194.339996, "volume": 25808, "typical_volume": 3974.45, "trend": 178.196668, "fair_value": 156.91077, "relative_strength": -6.004037, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.745223, "energy": 93.419834, "activity_lines": [ 191.620665, 189.406545, 185.970763, 182.644689 ] }, { "date": "2025-10-10", "close": 192.779999, "volume": 3776, "typical_volume": 4074.8, "trend": 178.806668, "fair_value": 157.347244, "relative_strength": -3.860073, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.449676, "energy": 83.831484, "activity_lines": [ 192.389332, 190.357091, 186.903524, 183.585549 ] }, { "date": "2025-10-17", "close": 192.380005, "volume": 19926, "typical_volume": 5050.5, "trend": 179.331335, "fair_value": 157.774103, "relative_strength": -3.212612, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.283432, "energy": 66.176582, "activity_lines": [ 192.584001, 191.022364, 187.710715, 184.461249 ] }, { "date": "2025-10-24", "close": 229.745499, "volume": 1274, "typical_volume": 4953.85, "trend": 181.182852, "fair_value": 158.421446, "relative_strength": 13.458071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.093421, "energy": 83.350913, "activity_lines": [ 205.078501, 198.325728, 192.001239, 187.713775 ] }, { "date": "2025-10-31", "close": 199.970001, "volume": 43462, "typical_volume": 7089.35, "trend": 182.542185, "fair_value": 158.884908, "relative_strength": -2.659554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.549524, "energy": 64.267938, "activity_lines": [ 205.058134, 199.428173, 193.209974, 188.92585 ] }, { "date": "2025-11-07", "close": 194.25, "volume": 3433, "typical_volume": 7219.05, "trend": 183.802185, "fair_value": 159.295741, "relative_strength": -4.551645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.87454, "energy": 57.6901, "activity_lines": [ 202.527101, 199.233527, 193.762853, 189.681192 ] }, { "date": "2025-11-14", "close": 197.229996, "volume": 3936, "typical_volume": 7303.75, "trend": 185.070185, "fair_value": 159.72651, "relative_strength": -5.148308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.10968, "energy": 52.537901, "activity_lines": [ 200.995399, 199.429972, 194.511255, 190.547503 ] }, { "date": "2025-11-21", "close": 193.009995, "volume": 6753, "typical_volume": 7489.4, "trend": 186.018184, "fair_value": 160.120805, "relative_strength": -3.877307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.348331, "energy": 21.802266, "activity_lines": [ 197.760364, 198.658053, 194.768847, 191.059749 ] }, { "date": "2025-11-28", "close": 198.770004, "volume": 1173, "typical_volume": 7347.3, "trend": 186.964185, "fair_value": 160.549843, "relative_strength": -2.222141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.061544, "energy": 22.393378, "activity_lines": [ 196.403333, 198.87959, 195.507583, 191.882447 ] }, { "date": "2025-12-05", "close": 199.360001, "volume": 351, "typical_volume": 7069.15, "trend": 187.889518, "fair_value": 160.998754, "relative_strength": -1.784546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.2825, "energy": 19.259135, "activity_lines": [ 197.308, 199.065309, 196.215081, 192.682177 ] }, { "date": "2025-12-12", "close": 196.619995, "volume": 968, "typical_volume": 6851.35, "trend": 188.461184, "fair_value": 161.458946, "relative_strength": -2.983334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.497573, "energy": 17.838387, "activity_lines": [ 197.339998, 198.599208, 196.578435, 193.245433 ] }, { "date": "2025-12-19", "close": 198.039993, "volume": 4915, "typical_volume": 6904.95, "trend": 189.248851, "fair_value": 161.930613, "relative_strength": -4.589973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.449093, "energy": 21.061331, "activity_lines": [ 197.68733, 198.349834, 197.012551, 193.863421 ] }, { "date": "2025-12-26", "close": 198.610001, "volume": 5740, "typical_volume": 7106.4, "trend": 189.983517, "fair_value": 162.412856, "relative_strength": -3.60778, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.664945, "energy": 24.914796, "activity_lines": [ 198.170665, 198.108462, 197.420239, 194.467366 ] }, { "date": "2026-01-02", "close": 199.130005, "volume": 323, "typical_volume": 7096.6, "trend": 190.685184, "fair_value": 162.873497, "relative_strength": -4.564898, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.171459, "energy": 23.493532, "activity_lines": [ 198.454, 197.848363, 197.807023, 195.057462 ] }, { "date": "2026-01-09", "close": 204.630005, "volume": 2890, "typical_volume": 7225.2, "trend": 191.618184, "fair_value": 163.361061, "relative_strength": -2.351627, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.668652, "energy": 33.085191, "activity_lines": [ 200.546669, 199.144909, 198.657236, 195.957128 ] }, { "date": "2026-01-16", "close": 205.720001, "volume": 2570, "typical_volume": 7328.4, "trend": 192.618517, "fair_value": 163.85869, "relative_strength": -1.710671, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.5264, "energy": 44.587969, "activity_lines": [ 202.651336, 200.55491, 199.521733, 196.866923 ] }, { "date": "2026-01-23", "close": 203.029999, "volume": 6880, "typical_volume": 7467.3, "trend": 193.434184, "fair_value": 164.318882, "relative_strength": -0.611117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.132908, "energy": 58.681779, "activity_lines": [ 203.252668, 201.267273, 200.035945, 197.538631 ] }, { "date": "2026-01-30", "close": 202.089996, "volume": 4892, "typical_volume": 7520.75, "trend": 194.20885, "fair_value": 164.758818, "relative_strength": -2.247176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.766065, "energy": 71.887073, "activity_lines": [ 203.208, 201.703273, 200.380347, 198.097071 ] }, { "date": "2026-02-06", "close": 202.929993, "volume": 2860, "typical_volume": 7572.8, "trend": 194.959516, "fair_value": 165.209651, "relative_strength": -2.288794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.724737, "energy": 65.566802, "activity_lines": [ 203.21133, 202.126908, 200.747416, 198.659725 ] }, { "date": "2026-02-13", "close": 202.789993, "volume": 5048, "typical_volume": 7348.9, "trend": 195.656183, "fair_value": 165.662343, "relative_strength": -1.159729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.193158, "energy": 51.825375, "activity_lines": [ 202.914662, 202.449452, 201.043865, 199.164917 ] }, { "date": "2026-02-20", "close": 205.380005, "volume": 6278, "typical_volume": 6372.4, "trend": 196.399516, "fair_value": 166.144459, "relative_strength": -1.905734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.684743, "energy": 51.486586, "activity_lines": [ 203.603998, 203.180544, 201.530411, 199.792261 ] }, { "date": "2026-02-27", "close": 205.580002, "volume": 8340, "typical_volume": 6600.6, "trend": 197.21585, "fair_value": 166.616254, "relative_strength": -3.145909, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.292558, "energy": 47.67428, "activity_lines": [ 204.382666, 203.788727, 201.983433, 200.38455 ] }, { "date": "2026-03-06", "close": 203.490005, "volume": 11639, "typical_volume": 6186.25, "trend": 197.871516, "fair_value": 167.098625, "relative_strength": 2.495007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.071599, "energy": 40.568523, "activity_lines": [ 204.294668, 203.879818, 202.176455, 200.789334 ] }, { "date": "2026-03-13", "close": 201.490005, "volume": 45906, "typical_volume": 8417.85, "trend": 198.37285, "fair_value": 167.577087, "relative_strength": 1.095604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.071206, "energy": 29.529983, "activity_lines": [ 203.44667, 203.518546, 202.126096, 201.022785 ] }, { "date": "2026-03-20", "close": 196.190002, "volume": 11404, "typical_volume": 6814.95, "trend": 198.718183, "fair_value": 168.018177, "relative_strength": 1.804109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 5.418006, "energy": 9.092236, "activity_lines": [ 200.928004, 202.150729, 201.705524, 200.881956 ] }, { "date": "2026-03-27", "close": 193.75, "volume": 19157, "typical_volume": 7601.15, "trend": 198.97785, "fair_value": 168.422792, "relative_strength": -0.696057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -32.790786, "energy": 32.717887, "activity_lines": [ 198.036002, 200.492729, 201.070572, 200.561428 ] }, { "date": "2026-04-03", "close": 198.729996, "volume": 4363, "typical_volume": 7622.5, "trend": 199.396516, "fair_value": 168.865869, "relative_strength": -3.058841, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.10721, "energy": 28.291932, "activity_lines": [ 197.579333, 199.957819, 200.912286, 200.545438 ] }, { "date": "2026-04-10", "close": 204.270004, "volume": 6145, "typical_volume": 7592.1, "trend": 199.870516, "fair_value": 169.336831, "relative_strength": -4.383152, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.012063, "energy": 16.284192, "activity_lines": [ 199.426001, 200.508365, 201.274477, 200.859856 ] }, { "date": "2026-04-17", "close": 211.110001, "volume": 9665, "typical_volume": 8016.7, "trend": 200.544183, "fair_value": 169.852023, "relative_strength": -3.686147, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.983643, "energy": 34.996817, "activity_lines": [ 203.500667, 202.262911, 202.234477, 201.584984 ] }, { "date": "2026-04-24", "close": 211.149994, "volume": 9757, "typical_volume": 8487.0, "trend": 201.21885, "fair_value": 170.369138, "relative_strength": -1.226235, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 73.306848, "energy": 64.148231, "activity_lines": [ 206.947332, 203.876, 203.139524, 202.26923 ] }, { "date": "2026-05-01", "close": 211.679993, "volume": 5021, "typical_volume": 8689.65, "trend": 201.79685, "fair_value": 170.890484, "relative_strength": -2.16489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.938284, "energy": 77.411823, "activity_lines": [ 209.57333, 205.433453, 204.038904, 202.944142 ] }, { "date": "2026-05-08", "close": 217.199997, "volume": 21469, "typical_volume": 9517.35, "trend": 202.61085, "fair_value": 171.441702, "relative_strength": -1.760081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.802089, "energy": 88.774895, "activity_lines": [ 212.843996, 207.879998, 205.392285, 203.937894 ] }, { "date": "2026-05-15", "close": 218.979996, "volume": 13131, "typical_volume": 9886.9, "trend": 203.497516, "fair_value": 171.98542, "relative_strength": -0.622881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.601161, "energy": 90.719851, "activity_lines": [ 215.476662, 210.438906, 206.823951, 204.993968 ] }, { "date": "2026-05-22", "close": 222.229996, "volume": 16229, "typical_volume": 10682.2, "trend": 203.246999, "fair_value": 172.547023, "relative_strength": 0.017307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.65128, "energy": 93.433444, "activity_lines": [ 218.211996, 213.307088, 208.468141, 206.202515 ] }, { "date": "2026-05-29", "close": 224.220001, "volume": 16066, "typical_volume": 11341.0, "trend": 204.055332, "fair_value": 173.128433, "relative_strength": -0.180572, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.996487, "energy": 93.252197, "activity_lines": [ 220.869331, 216.159997, 210.191856, 207.555612 ] }, { "date": "2026-06-05", "close": 223.050003, "volume": 1428, "typical_volume": 11283.9, "trend": 205.015333, "fair_value": 173.678689, "relative_strength": -0.450912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.331893, "energy": 89.176944, "activity_lines": [ 222.265333, 218.290544, 211.710856, 208.781074 ] }, { "date": "2026-06-12", "close": 223.25, "volume": 1318, "typical_volume": 11005.8, "trend": 205.882666, "fair_value": 174.21933, "relative_strength": -3.405728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.808501, "energy": 87.223968, "activity_lines": [ 222.97, 219.924726, 213.16638, 209.957505 ] }, { "date": "2026-06-19", "close": 227.419998, "volume": 5288, "typical_volume": 11025.6, "trend": 207.029666, "fair_value": 174.805997, "relative_strength": -4.046525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.475765, "energy": 91.305831, "activity_lines": [ 224.661333, 221.871271, 214.922761, 211.34701 ] }, { "date": "2026-06-26", "close": 224.770004, "volume": 2852, "typical_volume": 11025.2, "trend": 207.896333, "fair_value": 175.359394, "relative_strength": -2.188855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.509521, "energy": 76.293907, "activity_lines": [ 224.906668, 222.915091, 216.306142, 212.491548 ] }, { "date": "2026-07-03", "close": 227.919998, "volume": 611, "typical_volume": 10803.35, "trend": 208.848333, "fair_value": 175.944907, "relative_strength": -3.653987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.034781, "energy": 76.013298, "activity_lines": [ 226.032667, 224.283272, 217.885523, 213.783397 ] }, { "date": "2026-07-10", "close": 228.369995, "volume": 6159, "typical_volume": 10797.4, "trend": 209.906666, "fair_value": 176.52792, "relative_strength": -3.020592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.253331, "energy": 75.177681, "activity_lines": [ 227.061998, 225.428363, 219.388094, 215.042859 ] }, { "date": "2026-07-17", "close": 224.779999, "volume": 10541, "typical_volume": 10907.45, "trend": 210.798, "fair_value": 177.076253, "relative_strength": -3.123619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.429969, "energy": 64.206327, "activity_lines": [ 226.539998, 225.617272, 220.439284, 216.002429 ] }, { "date": "2026-07-24", "close": 225.800003, "volume": 9360, "typical_volume": 10793.5, "trend": 211.704333, "fair_value": 177.613433, "relative_strength": -2.476482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.240275, "energy": 62.009827, "activity_lines": [ 226.256, 225.853818, 221.49619, 216.9703 ] }, { "date": "2026-07-31", "close": 223.520004, "volume": 9906, "typical_volume": 8993.5, "trend": 212.517333, "fair_value": 178.151253, "relative_strength": -4.044693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.526364, "energy": 47.957542, "activity_lines": [ 225.320001, 225.551819, 222.229714, 217.732602 ] }, { "date": "2026-08-07", "close": 231.509995, "volume": 14661, "typical_volume": 9156.35, "trend": 213.413333, "fair_value": 178.749907, "relative_strength": -3.427056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.173189, "energy": 59.136932, "activity_lines": [ 227.130666, 226.67909, 223.619285, 218.957935 ] } ], "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." } } }