{ "ticker": { "uuid": "a0ef63e3-b19a-42b8-a995-471d0e5a46ed", "symbol": "C025", "name": "Amundi Index Solutions - Amundi Core MSCI China A Swap UCITS ETF Dist", "exchange": "GER", "country": "DE", "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": "2026-09-11", "benchmark": "^GDAXI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": -3.035, "architecture_energy": 9.562, "architecture_maturity": 19.637, "architecture_confidence": 69.924, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 61.99, "rotation_up": 24.14, "upward_expansion": 43.0, "deceleration": 75.41, "rotation_down": 31.16, "downward_expansion": 34.67 }, "activity_lines": [ 196.006669, 196.270548, 197.96943, 197.550023 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 193.9, "trend_reference": 195.949668, "distance_from_trend": -0.01046, "trend_direction": "Improving", "fair_value": 151.854125, "distance_from_fair_value": 0.276883, "fair_value_direction": "Weakening", "relative_strength": -1.54727, "relative_strength_direction": "Weakening", "price_momentum": 0.018275, "excess_performance": -0.072194, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.01046, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.018953, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.276883, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.090278, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.015473, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.113139, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.018275, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.209773, "read": "Supply-led" } ], "volume": { "latest": 4681, "relative_activity": 0.419804, "balance": 0.209773, "dry_up": 1.352703, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.025425, "annualized_volatility": 0.168684, "from_high_reference": -0.079516, "from_low_reference": 0.142954 }, "levels": { "trend_reference": 195.949668, "fair_value_reference": 151.854125, "structural_low": 177.539993, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.021795, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": -0.010502, "regime_survival": 0.7, "best_return": 0.082561, "worst_return": -0.076778, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.059653, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.022872, "regime_survival": 0.25, "best_return": 0.133278, "worst_return": -0.012514, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.080316, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.040412, "regime_survival": 0.0, "best_return": 0.129843, "worst_return": 0.030789, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.234249, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.039178, "regime_survival": 0.0, "best_return": 0.234249, "worst_return": 0.234249, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-09-20", "tenure": "New", "return": 0.018909, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": 0.165657, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.028868, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-04-11", "tenure": "Established", "return": -0.025152, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.024482, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-06-27", "tenure": "Developing", "return": 0.032159, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-12-05", "tenure": "Established", "return": 0.195106, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2025-12-19", "tenure": "New", "return": 0.009601, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-20", "tenure": "Established", "return": 0.014935, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.082561, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-31", "tenure": "Established", "return": -0.031966, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-09-11", "tenure": "Developing", "return": -0.032918, "active": true } ], "chart_path": [ { "date": "2023-09-22", "close": 128.098053, "volume": 1055, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 127.324677, "volume": 497, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 126.324936, "volume": 923, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 124.81591, "volume": 352, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 119.458832, "volume": 2392, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 121.458305, "volume": 689, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 123.910484, "volume": 180, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 123.250275, "volume": 525, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 125.004524, "volume": 68, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 125.023384, "volume": 330, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 123.042793, "volume": 1669, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 119.987007, "volume": 134, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 119.545769, "volume": 354, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 118.776619, "volume": 73, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 121.834, "volume": 892, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 118.007462, "volume": 263, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 116.026894, "volume": 1666, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 114.488586, "volume": 3086, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 117.007553, "volume": 690, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 109.008354, "volume": 1101, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 116.64222, "volume": 371, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 119.795746, "volume": 910, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 122.199348, "volume": 558, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 123.853035, "volume": 452, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 124.295296, "volume": 560, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 125.833611, "volume": 533, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 123.660736, "volume": 642, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 122.622391, "volume": 248, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 124.564499, "volume": 926, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 121.218681, "volume": 807, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 124.391449, "volume": 417, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 125.449028, "volume": 74, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 130.06395, "volume": 640, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 129.140976, "volume": 751, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 130.852341, "volume": 244, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 126.564293, "volume": 459, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 125.91053, "volume": 1922, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 125.237503, "volume": 1272, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 124.19915, "volume": 2468, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 122.699303, "volume": 1210, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 121.353279, "volume": 3129, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 120.103401, "volume": 440, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 123.006966, "volume": 149, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 124.026093, "volume": 1360, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 120.487976, "volume": 557, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 121.795547, "volume": 24, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 119.77652, "volume": 554, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 120.718727, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 120.795647, "volume": 208, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 120.314926, "volume": 1616, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 117.430595, "volume": 4534, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 114.911613, "volume": 1286, "typical_volume": 1141.15, "trend": 123.249247, "fair_value": 127.363883, "relative_strength": -13.263486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.140149, "energy": 81.784644, "activity_lines": [ 117.835683, 119.21783, 120.961745, 122.17578 ] }, { "date": "2024-09-20", "close": 117.08448, "volume": 49, "typical_volume": 1111.6, "trend": 123.078751, "fair_value": 127.236977, "relative_strength": -11.243804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.0607, "energy": 77.807787, "activity_lines": [ 117.252409, 118.628379, 120.40127, 121.778054 ] }, { "date": "2024-09-27", "close": 139.639923, "volume": 3522, "typical_volume": 1250.15, "trend": 123.604981, "fair_value": 127.388233, "relative_strength": 2.065484, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.384301, "energy": 24.611025, "activity_lines": [ 124.429899, 122.247599, 122.05074, 122.846516 ] }, { "date": "2024-10-04", "close": 162.772232, "volume": 13566, "typical_volume": 1916.25, "trend": 124.887546, "fair_value": 127.814546, "relative_strength": 21.095573, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.970715, "energy": 92.88128, "activity_lines": [ 138.061874, 129.788806, 125.853291, 125.373436 ] }, { "date": "2024-10-11", "close": 146.543076, "volume": 4366, "typical_volume": 2111.6, "trend": 125.577861, "fair_value": 128.037504, "relative_strength": 7.791726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.275219, "energy": 83.252383, "activity_lines": [ 143.453643, 133.610452, 127.95821, 126.770567 ] }, { "date": "2024-10-18", "close": 143.581833, "volume": 13313, "typical_volume": 2681.15, "trend": 126.241898, "fair_value": 128.220379, "relative_strength": 4.309754, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.408741, "energy": 77.284747, "activity_lines": [ 145.917499, 136.443736, 129.685968, 127.932113 ] }, { "date": "2024-10-25", "close": 143.889496, "volume": 9240, "typical_volume": 3079.55, "trend": 126.950801, "fair_value": 128.402578, "relative_strength": 5.828829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.61028, "energy": 84.551411, "activity_lines": [ 146.572562, 138.900134, 131.358878, 129.070668 ] }, { "date": "2024-11-01", "close": 142.447327, "volume": 4382, "typical_volume": 3175.25, "trend": 127.546895, "fair_value": 128.564012, "relative_strength": 6.125236, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.597079, "energy": 57.124736, "activity_lines": [ 144.9599, 140.673033, 132.805619, 130.070444 ] }, { "date": "2024-11-08", "close": 145.043213, "volume": 1015, "typical_volume": 3165.5, "trend": 128.341046, "fair_value": 128.751275, "relative_strength": 8.443434, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.444637, "energy": 49.071993, "activity_lines": [ 144.025374, 142.524244, 134.412692, 131.199239 ] }, { "date": "2024-11-15", "close": 142.312729, "volume": 1923, "typical_volume": 3105.2, "trend": 128.938422, "fair_value": 128.903651, "relative_strength": 6.558682, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.929792, "energy": 37.80355, "activity_lines": [ 143.36262, 143.429399, 135.653319, 132.100637 ] }, { "date": "2024-11-22", "close": 138.197754, "volume": 2363, "typical_volume": 3201.35, "trend": 129.36338, "fair_value": 129.006919, "relative_strength": 3.063515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.168276, "energy": 30.344059, "activity_lines": [ 141.610232, 143.133974, 136.402237, 132.698014 ] }, { "date": "2024-11-29", "close": 141.428207, "volume": 9369, "typical_volume": 3662.35, "trend": 129.742189, "fair_value": 129.143417, "relative_strength": 3.925491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.718904, "energy": 27.908574, "activity_lines": [ 141.293599, 143.002519, 137.372654, 133.47639 ] }, { "date": "2024-12-06", "close": 142.178131, "volume": 1078, "typical_volume": 3648.25, "trend": 130.17676, "fair_value": 129.285099, "relative_strength": 0.642334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.86106, "energy": 24.467822, "activity_lines": [ 141.391028, 142.564802, 138.326772, 134.278708 ] }, { "date": "2024-12-13", "close": 140.176575, "volume": 2939, "typical_volume": 3767.35, "trend": 130.487568, "fair_value": 129.402211, "relative_strength": -0.804608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.790195, "energy": 19.60181, "activity_lines": [ 140.839217, 141.717015, 139.003826, 134.923858 ] }, { "date": "2024-12-20", "close": 140.215805, "volume": 2159, "typical_volume": 3874.1, "trend": 130.942619, "fair_value": 129.517249, "relative_strength": 1.840237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.647537, "energy": 18.924866, "activity_lines": [ 140.624926, 141.287192, 139.590862, 135.551486 ] }, { "date": "2024-12-27", "close": 142.374176, "volume": 2194, "typical_volume": 3956.1, "trend": 131.491407, "fair_value": 129.652585, "relative_strength": 2.935166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.505025, "energy": 21.942668, "activity_lines": [ 141.269886, 141.364841, 140.295742, 136.289006 ] }, { "date": "2025-01-03", "close": 133.348251, "volume": 406, "typical_volume": 3976.4, "trend": 131.761765, "fair_value": 129.691082, "relative_strength": -3.100497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.339361, "energy": 9.323433, "activity_lines": [ 138.627777, 139.82337, 140.033402, 136.408802 ] }, { "date": "2025-01-10", "close": 130.993668, "volume": 1002, "typical_volume": 4016.1, "trend": 131.988249, "fair_value": 129.704511, "relative_strength": -6.143561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.5284, "energy": 16.605331, "activity_lines": [ 135.73947, 138.045452, 139.486675, 136.359248 ] }, { "date": "2025-01-17", "close": 136.271866, "volume": 2824, "typical_volume": 4076.5, "trend": 132.440668, "fair_value": 129.771525, "relative_strength": -5.473777, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.384825, "energy": 27.407092, "activity_lines": [ 135.356194, 137.435455, 139.394072, 136.63561 ] }, { "date": "2025-01-24", "close": 138.803055, "volume": 1517, "typical_volume": 3925.65, "trend": 133.022327, "fair_value": 129.862752, "relative_strength": -5.822151, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.243116, "energy": 21.713069, "activity_lines": [ 136.076961, 137.445152, 139.466549, 137.046087 ] }, { "date": "2025-01-31", "close": 138.27327, "volume": 3040, "typical_volume": 4013.35, "trend": 133.627989, "fair_value": 129.946857, "relative_strength": -7.616189, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 9.698644, "energy": 14.838977, "activity_lines": [ 136.715317, 137.422338, 139.386796, 137.384857 ] }, { "date": "2025-02-07", "close": 139.941101, "volume": 1918, "typical_volume": 4106.8, "trend": 134.19246, "fair_value": 130.04581, "relative_strength": -6.615662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.731843, "energy": 18.201345, "activity_lines": [ 138.18301, 137.701393, 139.354639, 137.792155 ] }, { "date": "2025-02-14", "close": 143.00206, "volume": 2251, "typical_volume": 4043.25, "trend": 134.824993, "fair_value": 130.172832, "relative_strength": -7.484849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.844814, "energy": 32.141803, "activity_lines": [ 140.231499, 138.564024, 139.50516, 138.360516 ] }, { "date": "2025-02-21", "close": 144.257843, "volume": 1236, "typical_volume": 3426.75, "trend": 135.617322, "fair_value": 130.30958, "relative_strength": -5.583159, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.842607, "energy": 39.600737, "activity_lines": [ 141.898024, 139.639998, 139.75927, 138.969087 ] }, { "date": "2025-02-28", "close": 140.019592, "volume": 502, "typical_volume": 3233.55, "trend": 136.22479, "fair_value": 130.402945, "relative_strength": -9.232155, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.338287, "energy": 36.558028, "activity_lines": [ 141.619399, 139.871177, 139.6979, 139.253104 ] }, { "date": "2025-03-07", "close": 142.491913, "volume": 7342, "typical_volume": 2935.0, "trend": 136.981969, "fair_value": 130.518078, "relative_strength": -9.266103, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.138413, "energy": 43.735461, "activity_lines": [ 142.083779, 140.555436, 139.903054, 139.657435 ] }, { "date": "2025-03-14", "close": 145.92569, "volume": 3543, "typical_volume": 2650.15, "trend": 137.822202, "fair_value": 130.663433, "relative_strength": -6.815, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.490673, "energy": 59.050005, "activity_lines": [ 143.411508, 141.861878, 140.440425, 140.234449 ] }, { "date": "2025-03-21", "close": 141.451965, "volume": 3384, "typical_volume": 2600.25, "trend": 138.510746, "fair_value": 130.764261, "relative_strength": -9.139146, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.96776, "energy": 32.404886, "activity_lines": [ 142.849023, 142.126234, 140.54203, 140.468627 ] }, { "date": "2025-03-28", "close": 140.510132, "volume": 17074, "typical_volume": 3403.2, "trend": 139.183919, "fair_value": 130.8545, "relative_strength": -7.917907, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.883853, "energy": 24.566786, "activity_lines": [ 142.075934, 142.029197, 140.558676, 140.59762 ] }, { "date": "2025-04-04", "close": 132.73999, "volume": 12496, "typical_volume": 3931.85, "trend": 139.694232, "fair_value": 130.871798, "relative_strength": -5.227394, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.007723, "energy": 17.454334, "activity_lines": [ 138.962644, 140.442347, 139.856895, 140.181883 ] }, { "date": "2025-04-11", "close": 134.721771, "volume": 5457, "typical_volume": 4086.55, "trend": 140.354571, "fair_value": 130.906798, "relative_strength": -2.508069, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -59.768333, "energy": 40.012024, "activity_lines": [ 136.995255, 139.326059, 139.38944, 139.861079 ] }, { "date": "2025-04-18", "close": 135.447769, "volume": 13045, "typical_volume": 4270.35, "trend": 140.96668, "fair_value": 130.947708, "relative_strength": -5.659879, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.646742, "energy": 55.223912, "activity_lines": [ 135.787875, 138.406343, 139.00768, 139.544511 ] }, { "date": "2025-04-25", "close": 136.801651, "volume": 11834, "typical_volume": 4808.15, "trend": 140.872071, "fair_value": 130.999975, "relative_strength": -8.961698, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.713754, "energy": 59.252625, "activity_lines": [ 135.730317, 137.814485, 138.783339, 139.275799 ] }, { "date": "2025-05-02", "close": 138.763809, "volume": 1073, "typical_volume": 4714.85, "trend": 140.071791, "fair_value": 131.068682, "relative_strength": -10.723988, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.037598, "energy": 42.45978, "activity_lines": [ 136.636833, 137.692117, 138.771472, 139.139782 ] }, { "date": "2025-05-09", "close": 140.333527, "volume": 2433, "typical_volume": 4728.55, "trend": 139.864806, "fair_value": 131.149952, "relative_strength": -11.06911, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.279037, "energy": 14.640919, "activity_lines": [ 138.183009, 137.955044, 138.91583, 139.156669 ] }, { "date": "2025-05-16", "close": 141.824768, "volume": 1611, "typical_volume": 4699.4, "trend": 139.806237, "fair_value": 131.242777, "relative_strength": -10.875406, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.291873, "energy": 13.793541, "activity_lines": [ 139.72003, 138.483398, 139.20165, 139.283118 ] }, { "date": "2025-05-23", "close": 142.452667, "volume": 653, "typical_volume": 4711.75, "trend": 139.758342, "fair_value": 131.339414, "relative_strength": -9.76629, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.922563, "energy": 22.615787, "activity_lines": [ 140.992817, 139.138045, 139.549887, 139.453855 ] }, { "date": "2025-05-30", "close": 140.215805, "volume": 1400, "typical_volume": 4731.65, "trend": 139.683958, "fair_value": 131.41528, "relative_strength": -12.301525, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.930137, "energy": 20.354233, "activity_lines": [ 141.052991, 139.449136, 139.641734, 139.483369 ] }, { "date": "2025-06-06", "close": 142.177963, "volume": 998, "typical_volume": 4640.35, "trend": 139.58845, "fair_value": 131.506489, "relative_strength": -11.969087, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.521109, "energy": 43.465319, "activity_lines": [ 141.539607, 140.139459, 139.876539, 139.644272 ] }, { "date": "2025-06-13", "close": 142.040619, "volume": 1108, "typical_volume": 4619.9, "trend": 139.57938, "fair_value": 131.595011, "relative_strength": -8.879773, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.548148, "energy": 43.84783, "activity_lines": [ 141.752831, 140.774486, 140.07014, 139.802477 ] }, { "date": "2025-06-20", "close": 141.726669, "volume": 190, "typical_volume": 4477.4, "trend": 139.69701, "fair_value": 131.679442, "relative_strength": -8.253554, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.731045, "energy": 33.880422, "activity_lines": [ 141.747599, 141.183328, 140.218423, 139.941012 ] }, { "date": "2025-06-27", "close": 144.846497, "volume": 382, "typical_volume": 4400.6, "trend": 139.810953, "fair_value": 131.788261, "relative_strength": -8.730809, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.640628, "energy": 52.037762, "activity_lines": [ 142.78885, 142.03205, 140.647388, 140.273237 ] }, { "date": "2025-07-04", "close": 147.534668, "volume": 1382, "typical_volume": 4357.15, "trend": 139.989504, "fair_value": 131.91733, "relative_strength": -5.994756, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.176287, "energy": 72.369024, "activity_lines": [ 144.566569, 143.198645, 141.30901, 140.771541 ] }, { "date": "2025-07-11", "close": 148.554977, "volume": 12702, "typical_volume": 4930.45, "trend": 140.268785, "fair_value": 132.052595, "relative_strength": -7.052229, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.987241, "energy": 87.796111, "activity_lines": [ 146.196467, 144.355605, 142.04622, 141.324152 ] }, { "date": "2025-07-18", "close": 151.262756, "volume": 1116, "typical_volume": 4961.15, "trend": 140.637016, "fair_value": 132.207516, "relative_strength": -5.326149, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.749847, "energy": 94.674692, "activity_lines": [ 148.303824, 145.826866, 143.020852, 142.03344 ] }, { "date": "2025-07-25", "close": 154.225616, "volume": 202, "typical_volume": 4604.15, "trend": 141.032064, "fair_value": 132.38366, "relative_strength": -3.135521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.566445, "energy": 95.939308, "activity_lines": [ 150.783991, 147.638117, 144.224122, 142.910124 ] }, { "date": "2025-08-01", "close": 150.674118, "volume": 5642, "typical_volume": 4709.1, "trend": 141.609593, "fair_value": 132.528823, "relative_strength": -2.035528, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.847287, "energy": 87.422823, "activity_lines": [ 151.247063, 148.57817, 145.03328, 143.532192 ] }, { "date": "2025-08-08", "close": 154.088257, "volume": 929, "typical_volume": 4586.35, "trend": 142.379413, "fair_value": 132.698582, "relative_strength": -2.762457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.471104, "energy": 89.385552, "activity_lines": [ 152.459673, 149.989495, 146.144982, 144.337267 ] }, { "date": "2025-08-15", "close": 158.051834, "volume": 185, "typical_volume": 3741.9, "trend": 143.105412, "fair_value": 132.896654, "relative_strength": -1.036478, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.223567, "energy": 92.053351, "activity_lines": [ 154.556569, 151.869245, 147.573994, 145.348391 ] }, { "date": "2025-08-22", "close": 166.822662, "volume": 10759, "typical_volume": 3655.05, "trend": 144.039399, "fair_value": 133.159647, "relative_strength": 4.327554, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.425822, "energy": 94.554674, "activity_lines": [ 158.943951, 155.055074, 149.754792, 146.878536 ] }, { "date": "2025-08-29", "close": 171.257141, "volume": 344, "typical_volume": 3399.4, "trend": 145.138861, "fair_value": 133.452704, "relative_strength": 8.910165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.766208, "energy": 98.096955, "activity_lines": [ 163.772166, 158.596589, 152.195622, 148.63452 ] }, { "date": "2025-09-05", "close": 169.451965, "volume": 7595, "typical_volume": 3126.9, "trend": 146.122556, "fair_value": 133.727508, "relative_strength": 8.912608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.347251, "energy": 93.568552, "activity_lines": [ 166.86322, 161.272973, 154.290554, 150.203107 ] }, { "date": "2025-09-12", "close": 172.709137, "volume": 2515, "typical_volume": 2660.95, "trend": 147.112792, "fair_value": 134.022823, "relative_strength": 10.165053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.445404, "energy": 94.109469, "activity_lines": [ 169.788142, 164.094198, 156.533767, 151.91837 ] }, { "date": "2025-09-19", "close": 172.395203, "volume": 8590, "typical_volume": 3036.8, "trend": 148.050704, "fair_value": 134.311337, "relative_strength": 9.906354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.239203, "energy": 88.310436, "activity_lines": [ 171.367027, 166.400627, 158.576093, 153.549494 ] }, { "date": "2025-09-26", "close": 172.650269, "volume": 1360, "typical_volume": 2983.15, "trend": 149.138394, "fair_value": 134.597449, "relative_strength": 9.572642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.826116, "energy": 70.134737, "activity_lines": [ 172.074709, 168.319972, 160.482563, 155.136562 ] }, { "date": "2025-10-03", "close": 177.516434, "volume": 10320, "typical_volume": 3418.6, "trend": 150.305878, "fair_value": 134.915367, "relative_strength": 10.099188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.627875, "energy": 74.130289, "activity_lines": [ 174.01594, 170.735211, 162.698587, 156.967404 ] }, { "date": "2025-10-10", "close": 170.609634, "volume": 100, "typical_volume": 3390.95, "trend": 151.128676, "fair_value": 135.177825, "relative_strength": 6.577972, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.316682, "energy": 65.964037, "activity_lines": [ 173.237617, 171.471199, 164.08686, 158.277323 ] }, { "date": "2025-10-17", "close": 172.866119, "volume": 5474, "typical_volume": 3594.65, "trend": 152.175814, "fair_value": 135.452922, "relative_strength": 9.863699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.029867, "energy": 63.404768, "activity_lines": [ 173.134278, 172.254993, 165.555956, 159.679739 ] }, { "date": "2025-10-24", "close": 177.727951, "volume": 2015, "typical_volume": 3645.5, "trend": 153.416408, "fair_value": 135.759263, "relative_strength": 11.067833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.934685, "energy": 67.899872, "activity_lines": [ 174.641085, 173.58134, 167.332606, 161.328264 ] }, { "date": "2025-10-31", "close": 177.634155, "volume": 1098, "typical_volume": 3645.0, "trend": 154.91288, "fair_value": 136.060521, "relative_strength": 12.308595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.303944, "energy": 64.276378, "activity_lines": [ 175.761109, 174.532886, 168.931038, 162.890699 ] }, { "date": "2025-11-07", "close": 178.379791, "volume": 1472, "typical_volume": 3709.1, "trend": 156.368148, "fair_value": 136.362802, "relative_strength": 14.631561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.580882, "energy": 65.259309, "activity_lines": [ 176.79742, 175.42343, 170.430989, 164.404694 ] }, { "date": "2025-11-14", "close": 177.771515, "volume": 537, "typical_volume": 3716.85, "trend": 157.778939, "fair_value": 136.65648, "relative_strength": 12.76143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.568967, "energy": 63.03393, "activity_lines": [ 177.573415, 176.073875, 171.69847, 165.785556 ] }, { "date": "2025-11-21", "close": 170.570389, "volume": 135, "typical_volume": 3654.5, "trend": 158.904564, "fair_value": 136.895311, "relative_strength": 11.793891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.347981, "energy": 51.729902, "activity_lines": [ 175.471576, 175.26376, 172.123344, 166.610811 ] }, { "date": "2025-11-28", "close": 175.220718, "volume": 87, "typical_volume": 3023.75, "trend": 160.119794, "fair_value": 137.163321, "relative_strength": 11.205986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.866627, "energy": 42.46285, "activity_lines": [ 175.072895, 175.338046, 172.881413, 167.663466 ] }, { "date": "2025-12-05", "close": 176.319519, "volume": 923, "typical_volume": 3014.1, "trend": 161.319327, "fair_value": 137.435239, "relative_strength": 10.894997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.824571, "energy": 39.700458, "activity_lines": [ 175.20763, 175.560741, 173.61715, 168.708609 ] }, { "date": "2025-12-12", "close": 177.059998, "volume": 1937, "typical_volume": 3100.85, "trend": 162.493835, "fair_value": 137.708513, "relative_strength": 10.486752, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.915449, "energy": 37.273513, "activity_lines": [ 175.676834, 175.851355, 174.304091, 169.724137 ] }, { "date": "2025-12-19", "close": 178.759995, "volume": 462, "typical_volume": 2841.85, "trend": 163.704079, "fair_value": 137.989687, "relative_strength": 10.980167, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.835355, "energy": 48.107545, "activity_lines": [ 176.80069, 176.459358, 175.044201, 170.773566 ] }, { "date": "2025-12-26", "close": 180.779999, "volume": 747, "typical_volume": 2832.75, "trend": 165.056219, "fair_value": 138.280778, "relative_strength": 11.897735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.228597, "energy": 53.634594, "activity_lines": [ 178.531982, 177.286446, 175.84295, 171.875239 ] }, { "date": "2026-01-02", "close": 184.460007, "volume": 207, "typical_volume": 2833.85, "trend": 166.46562, "fair_value": 138.5928, "relative_strength": 12.980586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.230017, "energy": 72.522171, "activity_lines": [ 180.809302, 178.638737, 176.865072, 173.127096 ] }, { "date": "2026-01-09", "close": 188.880005, "volume": 1446, "typical_volume": 2368.2, "trend": 168.026933, "fair_value": 138.930298, "relative_strength": 12.057094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.993985, "energy": 92.399919, "activity_lines": [ 183.944003, 180.672264, 178.182393, 174.573185 ] }, { "date": "2026-01-16", "close": 187.800003, "volume": 89, "typical_volume": 2355.45, "trend": 169.562711, "fair_value": 139.256096, "relative_strength": 10.970719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.583819, "energy": 91.205945, "activity_lines": [ 185.881337, 182.304956, 179.291823, 175.848867 ] }, { "date": "2026-01-23", "close": 189.300003, "volume": 1577, "typical_volume": 2054.55, "trend": 171.044495, "fair_value": 139.587512, "relative_strength": 13.274917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.382931, "energy": 91.709053, "activity_lines": [ 187.60267, 184.0391, 180.465333, 177.122241 ] }, { "date": "2026-01-30", "close": 188.5, "volume": 3111, "typical_volume": 2084.35, "trend": 172.410006, "fair_value": 139.909305, "relative_strength": 14.028737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.228415, "energy": 88.085633, "activity_lines": [ 188.354669, 185.418179, 181.468139, 178.248402 ] }, { "date": "2026-02-06", "close": 188.059998, "volume": 4575, "typical_volume": 1883.6, "trend": 173.72684, "fair_value": 140.224015, "relative_strength": 12.541669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.275386, "energy": 76.140254, "activity_lines": [ 188.445334, 186.391265, 182.353845, 179.258079 ] }, { "date": "2026-02-13", "close": 189.279999, "volume": 4301, "typical_volume": 2030.65, "trend": 174.994081, "fair_value": 140.542561, "relative_strength": 11.995643, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.343472, "energy": 65.940873, "activity_lines": [ 188.702666, 187.352728, 183.281147, 180.261509 ] }, { "date": "2026-02-20", "close": 191.039993, "volume": 9628, "typical_volume": 1996.05, "trend": 176.221227, "fair_value": 140.868351, "relative_strength": 11.146079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.920853, "energy": 68.208936, "activity_lines": [ 189.519997, 188.398545, 184.296879, 181.296729 ] }, { "date": "2026-02-27", "close": 193.360001, "volume": 13445, "typical_volume": 2663.3, "trend": 177.64409, "fair_value": 141.204836, "relative_strength": 11.93588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.29429, "energy": 71.147749, "activity_lines": [ 190.894665, 189.612, 185.469165, 182.402456 ] }, { "date": "2026-03-06", "close": 188.660004, "volume": 2970, "typical_volume": 2538.1, "trend": 178.796481, "fair_value": 141.498738, "relative_strength": 16.462438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.922477, "energy": 58.582086, "activity_lines": [ 190.432, 189.705455, 186.085498, 183.113161 ] }, { "date": "2026-03-13", "close": 190.419998, "volume": 14822, "typical_volume": 3178.45, "trend": 179.87542, "fair_value": 141.808243, "relative_strength": 17.685176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.151745, "energy": 53.173042, "activity_lines": [ 190.545333, 189.975636, 186.794241, 183.863065 ] }, { "date": "2026-03-20", "close": 183.479996, "volume": 9520, "typical_volume": 3599.55, "trend": 180.430665, "fair_value": 142.054767, "relative_strength": 18.138093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.23809, "energy": 31.925194, "activity_lines": [ 188.187999, 188.875635, 186.781592, 184.095618 ] }, { "date": "2026-03-27", "close": 181.199997, "volume": 2301, "typical_volume": 3641.0, "trend": 180.762093, "fair_value": 142.279146, "relative_strength": 16.48214, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.175743, "energy": 18.800381, "activity_lines": [ 185.457331, 187.459271, 186.523964, 184.145253 ] }, { "date": "2026-04-03", "close": 183.100006, "volume": 12100, "typical_volume": 4219.15, "trend": 181.217028, "fair_value": 142.509729, "relative_strength": 12.839083, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.130691, "energy": 21.799896, "activity_lines": [ 184.016, 186.508363, 186.433859, 184.296086 ] }, { "date": "2026-04-10", "close": 190.039993, "volume": 4254, "typical_volume": 4425.1, "trend": 181.794723, "fair_value": 142.784815, "relative_strength": 13.559969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.64734, "energy": 22.624771, "activity_lines": [ 185.571998, 186.931999, 186.979332, 184.865309 ] }, { "date": "2026-04-17", "close": 196.759995, "volume": 17747, "typical_volume": 5308.1, "trend": 182.606883, "fair_value": 143.12432, "relative_strength": 12.812999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.281092, "energy": 35.177315, "activity_lines": [ 189.275997, 188.549452, 188.072092, 185.830811 ] }, { "date": "2026-04-24", "close": 196.160004, "volume": 1287, "typical_volume": 5326.3, "trend": 183.390541, "fair_value": 143.462567, "relative_strength": 14.523695, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.148748, "energy": 63.031429, "activity_lines": [ 192.357333, 189.899635, 189.005142, 186.705205 ] }, { "date": "2026-05-01", "close": 198.960007, "volume": 5566, "typical_volume": 5507.75, "trend": 184.105326, "fair_value": 143.821923, "relative_strength": 14.699801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.784822, "energy": 80.095517, "activity_lines": [ 195.526669, 191.633819, 190.110381, 187.709687 ] }, { "date": "2026-05-08", "close": 203.100006, "volume": 560, "typical_volume": 5512.65, "trend": 185.188339, "fair_value": 144.230671, "relative_strength": 16.121895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.807073, "energy": 87.923987, "activity_lines": [ 198.892004, 193.976729, 191.50562, 188.93515 ] }, { "date": "2026-05-15", "close": 201.600006, "volume": 99472, "typical_volume": 10448.9, "trend": 186.146135, "fair_value": 144.636166, "relative_strength": 16.368848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.105429, "energy": 82.673507, "activity_lines": [ 200.424005, 195.869821, 192.642096, 189.993968 ] }, { "date": "2026-05-22", "close": 200.699997, "volume": 4960, "typical_volume": 10686.55, "trend": 186.91187, "fair_value": 145.057727, "relative_strength": 10.883232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.560721, "energy": 76.332682, "activity_lines": [ 200.885336, 197.364002, 193.593715, 190.932926 ] }, { "date": "2026-05-29", "close": 204.399994, "volume": 6937, "typical_volume": 10961.1, "trend": 187.804065, "fair_value": 145.505427, "relative_strength": 11.278682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.497283, "energy": 70.171043, "activity_lines": [ 202.317333, 199.344001, 194.820381, 192.061193 ] }, { "date": "2026-06-05", "close": 197.940002, "volume": 78, "typical_volume": 10960.55, "trend": 188.456072, "fair_value": 145.923548, "relative_strength": 8.653658, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.744422, "energy": 50.805425, "activity_lines": [ 201.046666, 199.769092, 195.357905, 192.715124 ] }, { "date": "2026-06-12", "close": 200.050003, "volume": 164, "typical_volume": 10889.9, "trend": 189.198688, "fair_value": 146.325045, "relative_strength": 9.766673, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.73881, "energy": 45.584616, "activity_lines": [ 200.547334, 200.273456, 196.048096, 193.46312 ] }, { "date": "2026-06-19", "close": 206.949997, "volume": 675, "typical_volume": 10768.1, "trend": 190.411341, "fair_value": 146.801805, "relative_strength": 11.319241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.99915, "energy": 55.247829, "activity_lines": [ 202.551333, 201.724182, 197.344238, 194.608365 ] }, { "date": "2026-06-26", "close": 205.350006, "volume": 1213, "typical_volume": 10600.0, "trend": 191.415651, "fair_value": 147.277193, "relative_strength": 11.207047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.341633, "energy": 51.82026, "activity_lines": [ 203.665335, 202.576547, 198.400144, 195.57215 ] }, { "date": "2026-07-03", "close": 203.0, "volume": 1082, "typical_volume": 10439.05, "trend": 192.305, "fair_value": 147.733636, "relative_strength": 4.758889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.076824, "energy": 49.747516, "activity_lines": [ 203.686002, 202.845456, 199.149906, 196.319527 ] }, { "date": "2026-07-10", "close": 201.600006, "volume": 3668, "typical_volume": 10141.05, "trend": 193.123001, "fair_value": 148.153758, "relative_strength": 6.469977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.904818, "energy": 54.909184, "activity_lines": [ 203.333336, 202.735456, 199.701001, 196.919205 ] }, { "date": "2026-07-17", "close": 189.600006, "volume": 2466, "typical_volume": 9592.1, "trend": 193.484334, "fair_value": 148.516001, "relative_strength": 0.723518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.675105, "energy": 11.537635, "activity_lines": [ 198.736671, 200.395639, 199.058954, 196.691915 ] }, { "date": "2026-07-24", "close": 194.259995, "volume": 459, "typical_volume": 9466.55, "trend": 193.933668, "fair_value": 148.868687, "relative_strength": 1.743133, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.356229, "energy": 20.86362, "activity_lines": [ 196.390002, 199.148547, 198.87862, 196.741958 ] }, { "date": "2026-07-31", "close": 192.600006, "volume": 28901, "typical_volume": 10170.5, "trend": 194.205001, "fair_value": 149.208099, "relative_strength": -1.482949, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -6.782421, "energy": 27.601228, "activity_lines": [ 194.336003, 197.733093, 198.513526, 196.655915 ] }, { "date": "2026-08-07", "close": 200.5, "volume": 2844, "typical_volume": 9836.7, "trend": 194.592334, "fair_value": 149.645613, "relative_strength": -0.442973, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.122553, "energy": 25.099123, "activity_lines": [ 195.765335, 197.901275, 198.89043, 197.062044 ] }, { "date": "2026-08-14", "close": 198.699997, "volume": 3631, "typical_volume": 9903.2, "trend": 194.955667, "fair_value": 150.094562, "relative_strength": -2.040516, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.001091, "energy": 13.618992, "activity_lines": [ 196.761333, 197.813092, 199.014858, 197.327055 ] }, { "date": "2026-08-21", "close": 197.160004, "volume": 12228, "typical_volume": 9909.6, "trend": 195.217667, "fair_value": 150.547787, "relative_strength": -1.841391, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.968904, "energy": 9.436477, "activity_lines": [ 197.437334, 197.431093, 198.909287, 197.46927 ] }, { "date": "2026-08-28", "close": 198.020004, "volume": 14276, "typical_volume": 10410.7, "trend": 195.535001, "fair_value": 150.98089, "relative_strength": -3.091258, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.11288, "energy": 18.319451, "activity_lines": [ 197.896002, 197.258002, 198.818668, 197.650066 ] }, { "date": "2026-09-04", "close": 195.880005, "volume": 29148, "typical_volume": 10980.75, "trend": 195.795668, "fair_value": 151.425305, "relative_strength": -2.294431, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.306153, "energy": 10.054461, "activity_lines": [ 197.39067, 196.858184, 198.48624, 197.672324 ] }, { "date": "2026-09-11", "close": 193.9, "volume": 4681, "typical_volume": 11150.45, "trend": 195.949668, "fair_value": 151.854125, "relative_strength": -1.54727, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.035202, "energy": 9.561899, "activity_lines": [ 196.006669, 196.270548, 197.96943, 197.550023 ] } ], "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." } } }