{ "ticker": { "uuid": "a15bce72-543d-4e7c-a886-31c58b0bf7e2", "symbol": "TELE", "name": "State Street SPDR MSCI Europe Communication Services UCITS ETF", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 69.837, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -20.385, "architecture_energy": 14.184, "architecture_maturity": 40.758, "architecture_confidence": 62.972, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 54.71, "rotation_up": 30.2, "upward_expansion": 15.11, "deceleration": 42.86, "rotation_down": 27.96, "downward_expansion": 62.78 }, "activity_lines": [ 74.703001, 74.256819, 74.718881, 75.103935 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 76.095001, "trend_reference": 75.195666, "distance_from_trend": 0.01196, "trend_direction": "Improving", "fair_value": 69.777468, "distance_from_fair_value": 0.090538, "fair_value_direction": "Improving", "relative_strength": -7.154556, "relative_strength_direction": "Improving", "price_momentum": 0.038414, "excess_performance": -0.012821, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.01196, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007476, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.090538, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.003458, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.071546, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.021296, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.038414, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 48.608804, "read": "Demand-led" } ], "volume": { "latest": 45108, "relative_activity": 1.197997, "balance": 48.608804, "dry_up": 0.403595, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.026621, "annualized_volatility": 0.167433, "from_high_reference": -0.061482, "from_low_reference": 0.086761 }, "levels": { "trend_reference": 75.195666, "fair_value_reference": 69.777468, "structural_low": 71.720001, "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": 8, "median_return": 0.005576, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.001244, "regime_survival": 0.5, "best_return": 0.080772, "worst_return": -0.056149, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.034624, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.001609, "regime_survival": 0.0, "best_return": 0.106518, "worst_return": -0.057121, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.079423, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.032402, "regime_survival": 0.0, "best_return": 0.085264, "worst_return": -0.000972, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.018135, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.007916, "regime_survival": 0.0, "best_return": 0.160116, "worst_return": -0.123846, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-01", "end": "2024-03-15", "tenure": "New", "return": -0.002883, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-22", "end": "2024-04-12", "tenure": "New", "return": -0.005511, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-05-03", "tenure": "New", "return": 0.024942, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-10", "end": "2025-01-03", "tenure": "Extended", "return": 0.102205, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.020088, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-28", "tenure": "Developing", "return": 0.024441, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.084347, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-07-11", "tenure": "Developing", "return": -0.012657, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-18", "end": "2025-10-03", "tenure": "Developing", "return": -0.012729, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-11-07", "tenure": "Developing", "return": -0.056149, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-02-13", "tenure": "Established", "return": 0.033867, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-20", "end": "2026-04-03", "tenure": "Developing", "return": -0.019256, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-07-03", "tenure": "Established", "return": -0.060936, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.038698, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 54.395, "volume": 791, "typical_volume": 85786.8, "trend": 57.572666, "fair_value": 56.010977, "relative_strength": 1.144596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.384962, "energy": 55.321746, "activity_lines": [ 55.272001, 55.632728, 56.397286, 57.067172 ] }, { "date": "2023-08-25", "close": 54.529999, "volume": 686, "typical_volume": 68811.4, "trend": 57.531833, "fair_value": 56.050465, "relative_strength": 0.400735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.595025, "energy": 74.598084, "activity_lines": [ 54.877334, 55.407, 56.118952, 56.870871 ] }, { "date": "2023-09-01", "close": 55.900002, "volume": 475, "typical_volume": 68622.6, "trend": 57.5105, "fair_value": 56.107772, "relative_strength": 1.253638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.667368, "energy": 61.39353, "activity_lines": [ 55.065667, 55.461819, 55.998905, 56.765591 ] }, { "date": "2023-09-08", "close": 56.240002, "volume": 194, "typical_volume": 68509.95, "trend": 57.501166, "fair_value": 56.162772, "relative_strength": 1.706999, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.096056, "energy": 39.399194, "activity_lines": [ 55.478001, 55.563637, 55.9325, 56.683624 ] }, { "date": "2023-09-15", "close": 57.855, "volume": 5449, "typical_volume": 68753.05, "trend": 57.473833, "fair_value": 56.230929, "relative_strength": 1.460737, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.355583, "energy": 13.368229, "activity_lines": [ 56.359334, 55.958728, 56.041119, 56.706452 ] }, { "date": "2023-09-22", "close": 57.939999, "volume": 24392, "typical_volume": 65529.25, "trend": 57.454166, "fair_value": 56.310352, "relative_strength": 1.934611, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 7.63406, "energy": 24.279702, "activity_lines": [ 57.078, 56.319546, 56.173643, 56.736527 ] }, { "date": "2023-09-29", "close": 56.52, "volume": 258, "typical_volume": 65512.1, "trend": 57.369833, "fair_value": 56.376651, "relative_strength": 0.389654, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.326835, "energy": 22.900787, "activity_lines": [ 57.087, 56.395273, 56.182, 56.676258 ] }, { "date": "2023-10-06", "close": 56.044998, "volume": 948827, "typical_volume": 112809.15, "trend": 57.2835, "fair_value": 56.428365, "relative_strength": 0.970854, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.955576, "energy": 20.045257, "activity_lines": [ 56.804999, 56.382909, 56.159643, 56.590785 ] }, { "date": "2023-10-13", "close": 56.919998, "volume": 3276, "typical_volume": 112660.6, "trend": 57.267833, "fair_value": 56.489263, "relative_strength": 1.089405, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.253464, "energy": 12.473989, "activity_lines": [ 56.804999, 56.557181, 56.236024, 56.567333 ] }, { "date": "2023-10-20", "close": 55.34, "volume": 71109, "typical_volume": 112521.15, "trend": 57.190666, "fair_value": 56.542308, "relative_strength": 0.818511, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.185805, "energy": 22.526945, "activity_lines": [ 56.232999, 56.412909, 56.165024, 56.442957 ] }, { "date": "2023-10-27", "close": 54.715, "volume": 0, "typical_volume": 111927.6, "trend": 57.035166, "fair_value": 56.602163, "relative_strength": 1.171488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.522721, "energy": 35.510352, "activity_lines": [ 55.620333, 56.148636, 56.038214, 56.283236 ] }, { "date": "2023-11-03", "close": 56.845001, "volume": 238, "typical_volume": 108338.95, "trend": 56.917667, "fair_value": 56.66633, "relative_strength": 3.205254, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.824058, "energy": 18.350596, "activity_lines": [ 55.932667, 56.265818, 56.120024, 56.270968 ] }, { "date": "2023-11-10", "close": 56.68, "volume": 336, "typical_volume": 108329.45, "trend": 56.794833, "fair_value": 56.708285, "relative_strength": 3.618648, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.048636, "energy": 16.739839, "activity_lines": [ 56.168333, 56.310909, 56.183333, 56.255634 ] }, { "date": "2023-11-17", "close": 57.415001, "volume": 23603, "typical_volume": 109442.9, "trend": 56.6855, "fair_value": 56.752869, "relative_strength": 2.843725, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.670906, "energy": 12.183286, "activity_lines": [ 56.606667, 56.475455, 56.309048, 56.295645 ] }, { "date": "2023-11-24", "close": 58.290001, "volume": 1504, "typical_volume": 60174.05, "trend": 56.589333, "fair_value": 56.79867, "relative_strength": 4.50768, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.938133, "energy": 48.251126, "activity_lines": [ 57.303667, 56.777727, 56.512405, 56.399161 ] }, { "date": "2023-12-01", "close": 59.48, "volume": 269, "typical_volume": 59175.75, "trend": 56.563167, "fair_value": 56.850978, "relative_strength": 5.864655, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 83.943594, "energy": 81.584039, "activity_lines": [ 58.200667, 57.288455, 56.814, 56.585656 ] }, { "date": "2023-12-08", "close": 60.165001, "volume": 168, "typical_volume": 55723.75, "trend": 56.583, "fair_value": 56.911138, "relative_strength": 6.496987, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.760123, "energy": 89.99146, "activity_lines": [ 59.008334, 57.895728, 57.166453, 56.818032 ] }, { "date": "2023-12-15", "close": 59.07, "volume": 1317, "typical_volume": 55755.75, "trend": 56.576, "fair_value": 56.959087, "relative_strength": 4.044126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.997674, "energy": 84.103106, "activity_lines": [ 59.229667, 58.237637, 57.39681, 56.978484 ] }, { "date": "2023-12-22", "close": 59.459999, "volume": 18, "typical_volume": 54173.9, "trend": 56.639, "fair_value": 57.012324, "relative_strength": 2.870338, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.955101, "energy": 84.815143, "activity_lines": [ 59.421667, 58.595455, 57.657119, 57.164548 ] }, { "date": "2023-12-29", "close": 59.255001, "volume": 0, "typical_volume": 54145.5, "trend": 56.7435, "fair_value": 57.064984, "relative_strength": 1.855901, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.487923, "energy": 81.803973, "activity_lines": [ 59.409, 58.869819, 57.877619, 57.333323 ] }, { "date": "2024-01-05", "close": 60.240002, "volume": 5606, "typical_volume": 54386.25, "trend": 56.887333, "fair_value": 57.11742, "relative_strength": 3.925618, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.205807, "energy": 77.937737, "activity_lines": [ 59.660334, 59.252092, 58.171619, 57.558903 ] }, { "date": "2024-01-12", "close": 60.389999, "volume": 29, "typical_volume": 54353.4, "trend": 57.025, "fair_value": 57.170913, "relative_strength": 4.823108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.510124, "energy": 81.894833, "activity_lines": [ 59.911, 59.561182, 58.452072, 57.784882 ] }, { "date": "2024-01-19", "close": 60.634998, "volume": 190, "typical_volume": 54339.15, "trend": 57.21, "fair_value": 57.226939, "relative_strength": 7.279568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.314067, "energy": 86.981715, "activity_lines": [ 60.228333, 59.850364, 58.727952, 58.017785 ] }, { "date": "2024-01-26", "close": 62.145, "volume": 39, "typical_volume": 54331.4, "trend": 57.4075, "fair_value": 57.298285, "relative_strength": 7.195882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.791101, "energy": 94.660113, "activity_lines": [ 60.944666, 60.342182, 59.125095, 58.336172 ] }, { "date": "2024-02-02", "close": 61.040001, "volume": 48, "typical_volume": 54061.35, "trend": 57.604833, "fair_value": 57.351747, "relative_strength": 5.331422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.676674, "energy": 86.518172, "activity_lines": [ 61.113667, 60.547091, 59.388881, 58.570527 ] }, { "date": "2024-02-09", "close": 59.700001, "volume": 34350, "typical_volume": 54559.25, "trend": 57.712834, "fair_value": 57.398029, "relative_strength": 3.416277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.150873, "energy": 63.961845, "activity_lines": [ 60.717, 60.458364, 59.509881, 58.705699 ] }, { "date": "2024-02-16", "close": 60.264999, "volume": 851510, "typical_volume": 97121.85, "trend": 57.840834, "fair_value": 57.444503, "relative_strength": 2.38686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.120451, "energy": 56.970701, "activity_lines": [ 60.544667, 60.468364, 59.67631, 58.870355 ] }, { "date": "2024-02-23", "close": 60.634998, "volume": 0, "typical_volume": 49680.5, "trend": 57.943333, "fair_value": 57.503189, "relative_strength": 2.97367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.371636, "energy": 43.494052, "activity_lines": [ 60.503999, 60.543818, 59.860143, 59.050624 ] }, { "date": "2024-03-01", "close": 60.700001, "volume": 0, "typical_volume": 49516.7, "trend": 58.126667, "fair_value": 57.555593, "relative_strength": 3.281059, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.7955, "energy": 39.313379, "activity_lines": [ 60.485, 60.602636, 60.02831, 59.228473 ] }, { "date": "2024-03-08", "close": 60.560001, "volume": 9243, "typical_volume": 46423.4, "trend": 58.312333, "fair_value": 57.590465, "relative_strength": 3.261582, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.636102, "energy": 42.954059, "activity_lines": [ 60.515667, 60.613455, 60.165143, 59.385462 ] }, { "date": "2024-03-15", "close": 60.525002, "volume": 11386, "typical_volume": 46992.7, "trend": 58.516667, "fair_value": 57.622708, "relative_strength": 2.295489, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.058823, "energy": 43.776594, "activity_lines": [ 60.566667, 60.594182, 60.273786, 59.528215 ] }, { "date": "2024-03-22", "close": 60.790001, "volume": 700, "typical_volume": 47015.8, "trend": 58.725334, "fair_value": 57.653125, "relative_strength": 0.137367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.842624, "energy": 46.297281, "activity_lines": [ 60.651001, 60.61791, 60.38, 59.674882 ] }, { "date": "2024-03-29", "close": 61.869999, "volume": 28, "typical_volume": 47000.4, "trend": 58.924333, "fair_value": 57.687003, "relative_strength": 1.638533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.439495, "energy": 58.216253, "activity_lines": [ 61.060334, 60.830728, 60.570286, 59.877764 ] }, { "date": "2024-04-05", "close": 60.439999, "volume": 3383, "typical_volume": 45989.4, "trend": 59.064333, "fair_value": 57.714183, "relative_strength": -0.15133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.183425, "energy": 43.023756, "activity_lines": [ 60.910667, 60.761091, 60.599667, 59.975548 ] }, { "date": "2024-04-12", "close": 60.455002, "volume": 880332, "typical_volume": 89930.8, "trend": 59.151, "fair_value": 57.738926, "relative_strength": -1.15411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.762359, "energy": 36.415397, "activity_lines": [ 60.783334, 60.725182, 60.616072, 60.065269 ] }, { "date": "2024-04-19", "close": 60.34, "volume": 2592, "typical_volume": 90046.95, "trend": 59.231, "fair_value": 57.764439, "relative_strength": -0.089553, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.146045, "energy": 25.119197, "activity_lines": [ 60.624667, 60.679, 60.611215, 60.141979 ] }, { "date": "2024-04-26", "close": 61.650002, "volume": 5515, "typical_volume": 90314.3, "trend": 59.402, "fair_value": 57.795721, "relative_strength": -0.929668, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.666646, "energy": 33.502432, "activity_lines": [ 60.915001, 60.859364, 60.727024, 60.298043 ] }, { "date": "2024-05-03", "close": 61.845001, "volume": 0, "typical_volume": 90248.45, "trend": 59.595334, "fair_value": 57.821298, "relative_strength": -1.454029, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.961013, "energy": 43.254475, "activity_lines": [ 61.213001, 61.050001, 60.854334, 60.455656 ] }, { "date": "2024-05-10", "close": 62.57, "volume": 0, "typical_volume": 90247.55, "trend": 59.783667, "fair_value": 57.854247, "relative_strength": -2.838794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.550398, "energy": 74.774141, "activity_lines": [ 61.754334, 61.350455, 61.037477, 60.64757 ] }, { "date": "2024-05-17", "close": 63.935001, "volume": 190, "typical_volume": 90257.05, "trend": 60.070167, "fair_value": 57.894792, "relative_strength": -0.547651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.810847, "energy": 92.048602, "activity_lines": [ 62.608667, 61.865092, 61.33581, 60.915398 ] }, { "date": "2024-05-24", "close": 63.189999, "volume": 58268, "typical_volume": 92890.15, "trend": 60.352667, "fair_value": 57.929888, "relative_strength": -0.505175, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.614908, "energy": 86.842823, "activity_lines": [ 62.982667, 62.182909, 61.540905, 61.116678 ] }, { "date": "2024-05-31", "close": 63.990002, "volume": 782, "typical_volume": 92927.8, "trend": 60.590834, "fair_value": 57.968766, "relative_strength": 1.177669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.713231, "energy": 90.914917, "activity_lines": [ 63.433334, 62.597728, 61.808143, 61.351345 ] }, { "date": "2024-06-07", "close": 64.375, "volume": 11699, "typical_volume": 93503.25, "trend": 60.847334, "fair_value": 58.001747, "relative_strength": 2.050887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.334689, "energy": 86.994018, "activity_lines": [ 63.856334, 63.024364, 62.094905, 61.595484 ] }, { "date": "2024-06-14", "close": 63.209999, "volume": 408, "typical_volume": 93521.7, "trend": 61.0405, "fair_value": 58.031042, "relative_strength": 1.314351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.40453, "energy": 58.494842, "activity_lines": [ 63.722333, 63.193637, 62.252905, 61.747914 ] }, { "date": "2024-06-21", "close": 63.904999, "volume": 400, "typical_volume": 93539.3, "trend": 61.227667, "fair_value": 58.062131, "relative_strength": 1.203874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.400088, "energy": 56.877371, "activity_lines": [ 63.777333, 63.438909, 62.472024, 61.932721 ] }, { "date": "2024-06-28", "close": 63.700001, "volume": 0, "typical_volume": 91821.8, "trend": 61.368334, "fair_value": 58.090657, "relative_strength": 1.702471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.667693, "energy": 50.598162, "activity_lines": [ 63.766, 63.584182, 62.657977, 62.092226 ] }, { "date": "2024-07-05", "close": 64.559998, "volume": 0, "typical_volume": 49246.3, "trend": 61.514834, "fair_value": 58.128349, "relative_strength": 2.505093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.583994, "energy": 53.656925, "activity_lines": [ 64.007333, 63.824727, 62.906786, 62.29814 ] }, { "date": "2024-07-12", "close": 65.370003, "volume": 0, "typical_volume": 49246.3, "trend": 61.724834, "fair_value": 58.170529, "relative_strength": 3.09059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.859501, "energy": 61.192721, "activity_lines": [ 64.480667, 64.159637, 63.212286, 62.546861 ] }, { "date": "2024-07-19", "close": 65.724998, "volume": 84, "typical_volume": 49250.5, "trend": 61.933667, "fair_value": 58.213125, "relative_strength": 4.703307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.393559, "energy": 76.730899, "activity_lines": [ 65.006, 64.495, 63.529048, 62.804936 ] }, { "date": "2024-07-26", "close": 64.739998, "volume": 0, "typical_volume": 48788.35, "trend": 62.1165, "fair_value": 58.253542, "relative_strength": 1.431718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.824519, "energy": 68.606273, "activity_lines": [ 65.035333, 64.593909, 63.728071, 62.985989 ] }, { "date": "2024-08-02", "close": 63.895, "volume": 489, "typical_volume": 48243.5, "trend": 62.238333, "fair_value": 58.283413, "relative_strength": 1.335866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.766408, "energy": 49.280752, "activity_lines": [ 64.727333, 64.524545, 63.826714, 63.100731 ] }, { "date": "2024-08-09", "close": 63.98, "volume": 445414, "typical_volume": 70479.2, "trend": 62.358, "fair_value": 58.305497, "relative_strength": 1.42004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.559903, "energy": 34.021562, "activity_lines": [ 64.434666, 64.457818, 63.917405, 63.213097 ] }, { "date": "2024-08-16", "close": 65.370003, "volume": 732537, "typical_volume": 107104.65, "trend": 62.515834, "fair_value": 58.335401, "relative_strength": 1.741795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.765347, "energy": 37.417705, "activity_lines": [ 64.644001, 64.644, 64.125286, 63.40742 ] }, { "date": "2024-08-23", "close": 66.080002, "volume": 912, "typical_volume": 106981.1, "trend": 62.647, "fair_value": 58.36867, "relative_strength": 2.515699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.612947, "energy": 45.52399, "activity_lines": [ 65.090001, 64.941182, 64.384119, 63.637366 ] }, { "date": "2024-08-30", "close": 67.129997, "volume": 2736, "typical_volume": 63101.3, "trend": 62.85, "fair_value": 58.415913, "relative_strength": 3.402998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.334124, "energy": 69.096334, "activity_lines": [ 65.862333, 65.377091, 64.716095, 63.926592 ] }, { "date": "2024-09-06", "close": 67.779999, "volume": 309, "typical_volume": 62987.15, "trend": 63.119333, "fair_value": 58.472484, "relative_strength": 6.691628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.552267, "energy": 90.390293, "activity_lines": [ 66.692, 65.872545, 65.07819, 64.244656 ] }, { "date": "2024-09-13", "close": 69.099998, "volume": 2609, "typical_volume": 62841.85, "trend": 63.413833, "fair_value": 58.540978, "relative_strength": 7.339208, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.12903, "energy": 95.502029, "activity_lines": [ 67.702666, 66.533818, 65.530571, 64.630505 ] }, { "date": "2024-09-20", "close": 68.5, "volume": 1458, "typical_volume": 62914.75, "trend": 63.676, "fair_value": 58.604311, "relative_strength": 6.757893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.17731, "energy": 90.869566, "activity_lines": [ 68.171999, 67.003454, 65.890333, 64.958645 ] }, { "date": "2024-09-27", "close": 69.440002, "volume": 3642, "typical_volume": 63096.85, "trend": 63.967334, "fair_value": 58.678349, "relative_strength": 6.800502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.043843, "energy": 93.260593, "activity_lines": [ 68.746, 67.587091, 66.307928, 65.330516 ] }, { "date": "2024-10-04", "close": 68.089996, "volume": 320277, "typical_volume": 79101.2, "trend": 64.218333, "fair_value": 58.746747, "relative_strength": 5.040032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.6698, "energy": 82.348433, "activity_lines": [ 68.645999, 67.857727, 66.564238, 65.596494 ] }, { "date": "2024-10-11", "close": 69.025002, "volume": 1147, "typical_volume": 76245.15, "trend": 64.501667, "fair_value": 58.821202, "relative_strength": 6.600839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.628421, "energy": 67.098546, "activity_lines": [ 68.793667, 68.237454, 66.889809, 65.906602 ] }, { "date": "2024-10-18", "close": 70.730003, "volume": 0, "typical_volume": 76206.05, "trend": 64.833, "fair_value": 58.907933, "relative_strength": 7.606921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.428703, "energy": 72.758024, "activity_lines": [ 69.426668, 68.833909, 67.349976, 66.30843 ] }, { "date": "2024-10-25", "close": 69.915001, "volume": 2513, "typical_volume": 75746.75, "trend": 65.101167, "fair_value": 58.99508, "relative_strength": 7.523503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.415564, "energy": 66.508903, "activity_lines": [ 69.679334, 69.159455, 67.700429, 66.636301 ] }, { "date": "2024-11-01", "close": 69.044998, "volume": 0, "typical_volume": 75726.35, "trend": 65.388, "fair_value": 59.068542, "relative_strength": 6.911784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.710374, "energy": 61.474798, "activity_lines": [ 69.547667, 69.244182, 67.941643, 66.890742 ] }, { "date": "2024-11-08", "close": 69.084999, "volume": 5618, "typical_volume": 75987.25, "trend": 65.675667, "fair_value": 59.133125, "relative_strength": 8.136669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.627373, "energy": 58.148189, "activity_lines": [ 69.455667, 69.282273, 68.158881, 67.129258 ] }, { "date": "2024-11-15", "close": 68.470001, "volume": 108, "typical_volume": 75992.65, "trend": 65.946667, "fair_value": 59.198157, "relative_strength": 7.072366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.604204, "energy": 41.15169, "activity_lines": [ 69.092333, 69.173, 68.292881, 67.309538 ] }, { "date": "2024-11-22", "close": 69.845001, "volume": 0, "typical_volume": 75992.65, "trend": 66.219833, "fair_value": 59.278862, "relative_strength": 6.425703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.417859, "energy": 39.714281, "activity_lines": [ 69.224334, 69.301182, 68.535119, 67.561043 ] }, { "date": "2024-11-29", "close": 70.610001, "volume": 168, "typical_volume": 76001.05, "trend": 66.512, "fair_value": 59.37149, "relative_strength": 7.103287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.057932, "energy": 50.944567, "activity_lines": [ 69.670334, 69.55491, 68.825048, 67.84428 ] }, { "date": "2024-12-06", "close": 71.525002, "volume": 431, "typical_volume": 76018.4, "trend": 66.8105, "fair_value": 59.462516, "relative_strength": 8.044746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.965505, "energy": 60.973523, "activity_lines": [ 70.375001, 69.936637, 69.177167, 68.167699 ] }, { "date": "2024-12-13", "close": 70.245003, "volume": 1509, "typical_volume": 76093.85, "trend": 67.020833, "fair_value": 59.545721, "relative_strength": 6.046739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.880485, "energy": 62.940775, "activity_lines": [ 70.487669, 70.047728, 69.379763, 68.38928 ] }, { "date": "2024-12-20", "close": 68.120003, "volume": 21343, "typical_volume": 77136.55, "trend": 67.185167, "fair_value": 59.609952, "relative_strength": 5.404329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.296364, "energy": 37.944111, "activity_lines": [ 69.814669, 69.733274, 69.353763, 68.460194 ] }, { "date": "2024-12-27", "close": 68.300003, "volume": 0, "typical_volume": 54865.85, "trend": 67.328834, "fair_value": 59.67351, "relative_strength": 4.656558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.140921, "energy": 20.161167, "activity_lines": [ 69.225003, 69.468002, 69.324787, 68.532119 ] }, { "date": "2025-01-03", "close": 68.964996, "volume": 21, "typical_volume": 18240.05, "trend": 67.481834, "fair_value": 59.743253, "relative_strength": 4.583478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.841963, "energy": 20.705487, "activity_lines": [ 68.960001, 69.367819, 69.338572, 68.637678 ] }, { "date": "2025-01-10", "close": 68.199997, "volume": 1472, "typical_volume": 18268.05, "trend": 67.648167, "fair_value": 59.80601, "relative_strength": 3.030178, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.396535, "energy": 18.106296, "activity_lines": [ 68.549666, 69.145818, 69.262381, 68.684011 ] }, { "date": "2025-01-17", "close": 70.540001, "volume": 6800, "typical_volume": 18471.25, "trend": 67.869334, "fair_value": 59.883221, "relative_strength": 3.307391, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.303326, "energy": 17.617813, "activity_lines": [ 69.140999, 69.364637, 69.398953, 68.870581 ] }, { "date": "2025-01-24", "close": 69.57, "volume": 2560, "typical_volume": 18583.8, "trend": 68.065, "fair_value": 59.950337, "relative_strength": 1.909854, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.160937, "energy": 17.518905, "activity_lines": [ 69.389333, 69.380637, 69.426905, 68.980301 ] }, { "date": "2025-01-31", "close": 74.260002, "volume": 8547, "typical_volume": 18880.7, "trend": 68.388334, "fair_value": 60.045144, "relative_strength": 6.488744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.769627, "energy": 72.342597, "activity_lines": [ 71.104334, 70.229364, 69.893001, 69.379979 ] }, { "date": "2025-02-07", "close": 77.300003, "volume": 231543, "typical_volume": 30384.95, "trend": 68.786, "fair_value": 60.148702, "relative_strength": 10.246541, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.331774, "energy": 92.750503, "activity_lines": [ 73.435335, 71.550546, 70.624048, 69.954925 ] }, { "date": "2025-02-14", "close": 77.695, "volume": 228248, "typical_volume": 41615.25, "trend": 69.185, "fair_value": 60.262099, "relative_strength": 10.119381, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.804636, "energy": 96.298213, "activity_lines": [ 75.342335, 72.82191, 71.35081, 70.5297 ] }, { "date": "2025-02-21", "close": 78.330002, "volume": 2634, "typical_volume": 25733.1, "trend": 69.638001, "fair_value": 60.389984, "relative_strength": 11.643698, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.373171, "energy": 95.818369, "activity_lines": [ 76.828002, 74.096546, 72.098739, 71.1197 ] }, { "date": "2025-02-28", "close": 77.915001, "volume": 3825, "typical_volume": 25867.0, "trend": 70.105334, "fair_value": 60.535882, "relative_strength": 8.913755, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.580265, "energy": 90.621439, "activity_lines": [ 77.656001, 75.148728, 72.758382, 71.6537 ] }, { "date": "2025-03-07", "close": 74.68, "volume": 349, "typical_volume": 25884.45, "trend": 70.462001, "fair_value": 60.652003, "relative_strength": 5.778058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.907306, "energy": 85.063314, "activity_lines": [ 76.849334, 75.434637, 73.067596, 71.948839 ] }, { "date": "2025-03-14", "close": 75.25, "volume": 365966, "typical_volume": 44057.1, "trend": 70.791334, "fair_value": 60.757741, "relative_strength": 6.949438, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.011147, "energy": 62.201428, "activity_lines": [ 76.204667, 75.708183, 73.412286, 72.257743 ] }, { "date": "2025-03-21", "close": 76.669998, "volume": 668, "typical_volume": 44090.5, "trend": 71.144334, "fair_value": 60.868189, "relative_strength": 8.477274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.89717, "energy": 59.228511, "activity_lines": [ 76.17, 76.125637, 73.86681, 72.637011 ] }, { "date": "2025-03-28", "close": 76.074997, "volume": 524, "typical_volume": 43835.8, "trend": 71.4425, "fair_value": 60.973734, "relative_strength": 7.231239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.788403, "energy": 42.965265, "activity_lines": [ 76.005332, 76.280909, 74.228357, 72.955119 ] }, { "date": "2025-04-04", "close": 72.32, "volume": 856, "typical_volume": 43873.2, "trend": 71.593834, "fair_value": 61.045753, "relative_strength": 9.237755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.494922, "energy": 24.147252, "activity_lines": [ 74.739332, 75.652818, 74.199, 73.011731 ] }, { "date": "2025-04-11", "close": 71.160004, "volume": 339635, "typical_volume": 60854.95, "trend": 71.662501, "fair_value": 61.102516, "relative_strength": 8.36269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.584514, "energy": 18.55309, "activity_lines": [ 73.459667, 74.763818, 74.040834, 72.983742 ] }, { "date": "2025-04-18", "close": 74.254997, "volume": 34100, "typical_volume": 62551.55, "trend": 71.854334, "fair_value": 61.189247, "relative_strength": 8.482859, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.695089, "energy": 25.059651, "activity_lines": [ 73.446333, 74.493909, 74.171167, 73.151 ] }, { "date": "2025-04-25", "close": 75.309998, "volume": 17472, "typical_volume": 63403.6, "trend": 72.05, "fair_value": 61.28508, "relative_strength": 7.854119, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.886885, "energy": 26.469161, "activity_lines": [ 73.850999, 74.471181, 74.384619, 73.373946 ] }, { "date": "2025-05-02", "close": 77.995003, "volume": 8251, "typical_volume": 63740.7, "trend": 72.380167, "fair_value": 61.406106, "relative_strength": 8.956513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.115541, "energy": 34.391413, "activity_lines": [ 75.241334, 74.98, 74.835762, 73.757495 ] }, { "date": "2025-05-09", "close": 78.419998, "volume": 3382, "typical_volume": 62842.65, "trend": 72.693334, "fair_value": 61.527901, "relative_strength": 9.640385, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 76.033638, "energy": 72.766055, "activity_lines": [ 76.645333, 75.572181, 75.290476, 74.147161 ] }, { "date": "2025-05-16", "close": 79.800003, "volume": 331659, "typical_volume": 79425.6, "trend": 72.995667, "fair_value": 61.656747, "relative_strength": 9.500371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.115669, "energy": 86.362369, "activity_lines": [ 78.102667, 76.406091, 75.827572, 74.605656 ] }, { "date": "2025-05-23", "close": 81.029999, "volume": 7098, "typical_volume": 79779.45, "trend": 73.366167, "fair_value": 61.783093, "relative_strength": 10.332976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.631715, "energy": 90.725269, "activity_lines": [ 79.394, 77.370546, 76.427048, 75.124 ] }, { "date": "2025-05-30", "close": 80.57, "volume": 1237, "typical_volume": 79767.7, "trend": 73.750334, "fair_value": 61.908349, "relative_strength": 8.666127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.752814, "energy": 87.385607, "activity_lines": [ 80.080334, 78.146273, 76.925262, 75.588764 ] }, { "date": "2025-06-06", "close": 81.970001, "volume": 62390, "typical_volume": 82547.2, "trend": 74.179834, "fair_value": 62.057741, "relative_strength": 9.369815, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.137442, "energy": 91.589994, "activity_lines": [ 80.882667, 79.105637, 77.497905, 76.119065 ] }, { "date": "2025-06-13", "close": 79.360001, "volume": 27, "typical_volume": 82420.55, "trend": 74.542834, "fair_value": 62.197901, "relative_strength": 5.446625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.250019, "energy": 67.43316, "activity_lines": [ 80.550001, 79.483273, 77.767548, 76.453269 ] }, { "date": "2025-06-20", "close": 79.349998, "volume": 277, "typical_volume": 82007.05, "trend": 74.859667, "fair_value": 62.327837, "relative_strength": 6.037062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.750925, "energy": 53.933891, "activity_lines": [ 80.151333, 79.731091, 77.989619, 76.763409 ] }, { "date": "2025-06-27", "close": 81.349998, "volume": 2355, "typical_volume": 70547.65, "trend": 75.217667, "fair_value": 62.472067, "relative_strength": 8.059092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.104088, "energy": 53.756283, "activity_lines": [ 80.449332, 80.193636, 78.377928, 77.18214 ] }, { "date": "2025-07-04", "close": 79.849998, "volume": 7510, "typical_volume": 59510.75, "trend": 75.495167, "fair_value": 62.600465, "relative_strength": 5.498071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.281811, "energy": 39.091534, "activity_lines": [ 80.225999, 80.254454, 78.604095, 77.481 ] }, { "date": "2025-07-11", "close": 78.790001, "volume": 1400, "typical_volume": 59449.05, "trend": 75.78, "fair_value": 62.726074, "relative_strength": 2.516631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.455353, "energy": 33.594241, "activity_lines": [ 79.697333, 80.04, 78.719047, 77.69357 ] }, { "date": "2025-07-18", "close": 78.955002, "volume": 2313, "typical_volume": 59373.45, "trend": 76.141167, "fair_value": 62.854279, "relative_strength": 1.983999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.514489, "energy": 30.372285, "activity_lines": [ 79.435667, 79.841091, 78.847524, 77.898409 ] }, { "date": "2025-07-25", "close": 80.445, "volume": 4163, "typical_volume": 59564.15, "trend": 76.546, "fair_value": 62.991266, "relative_strength": 2.218081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.649661, "energy": 29.094392, "activity_lines": [ 79.697667, 79.903364, 79.112952, 78.176075 ] }, { "date": "2025-08-01", "close": 77.695, "volume": 4576, "typical_volume": 41494.65, "trend": 76.837, "fair_value": 63.112452, "relative_strength": -0.879364, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.376191, "energy": 18.282833, "activity_lines": [ 78.97, 79.453909, 79.089024, 78.250204 ] }, { "date": "2025-08-08", "close": 78.290001, "volume": 317887, "typical_volume": 57355.6, "trend": 77.173334, "fair_value": 63.237516, "relative_strength": -0.589164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.26406, "energy": 16.574871, "activity_lines": [ 78.684334, 79.173273, 79.110119, 78.343946 ] }, { "date": "2025-08-15", "close": 80.235001, "volume": 277, "typical_volume": 57343.25, "trend": 77.4965, "fair_value": 63.375433, "relative_strength": 1.193438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.706863, "energy": 16.833706, "activity_lines": [ 79.151001, 79.287728, 79.308738, 78.541473 ] }, { "date": "2025-08-22", "close": 80.269997, "volume": 5290, "typical_volume": 57564.95, "trend": 77.853167, "fair_value": 63.525625, "relative_strength": -0.893126, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.771122, "energy": 21.153761, "activity_lines": [ 79.532999, 79.440091, 79.490881, 78.720408 ] }, { "date": "2025-08-29", "close": 78.949997, "volume": 376, "typical_volume": 40602.0, "trend": 78.0095, "fair_value": 63.670401, "relative_strength": -1.226744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.557908, "energy": 21.646925, "activity_lines": [ 79.387332, 79.335908, 79.509452, 78.791172 ] }, { "date": "2025-09-05", "close": 79.75, "volume": 0, "typical_volume": 38897.0, "trend": 78.091166, "fair_value": 63.822933, "relative_strength": -0.535048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.556758, "energy": 27.763369, "activity_lines": [ 79.607999, 79.384454, 79.567119, 78.903462 ] }, { "date": "2025-09-12", "close": 79.0, "volume": 566, "typical_volume": 38051.7, "trend": 78.134667, "fair_value": 63.981811, "relative_strength": -2.301527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.950893, "energy": 20.640885, "activity_lines": [ 79.441666, 79.325727, 79.52719, 78.962096 ] }, { "date": "2025-09-19", "close": 78.010002, "volume": 1652, "typical_volume": 37721.75, "trend": 78.124, "fair_value": 64.149215, "relative_strength": -2.858919, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.0702, "energy": 8.36412, "activity_lines": [ 78.898, 79.102454, 79.375405, 78.954054 ] }, { "date": "2025-09-26", "close": 77.154999, "volume": 24835, "typical_volume": 38794.4, "trend": 78.098666, "fair_value": 64.321843, "relative_strength": -4.620797, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.598195, "energy": 29.59218, "activity_lines": [ 78.217667, 78.737909, 79.142119, 78.891537 ] }, { "date": "2025-10-03", "close": 77.949997, "volume": 14502, "typical_volume": 22936.55, "trend": 78.207666, "fair_value": 64.500513, "relative_strength": -5.732452, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.056454, "energy": 39.390059, "activity_lines": [ 78.009999, 78.550636, 78.990571, 78.881946 ] }, { "date": "2025-10-10", "close": 77.205002, "volume": 5739, "typical_volume": 22868.6, "trend": 78.272833, "fair_value": 64.672981, "relative_strength": -5.965521, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.59049, "energy": 55.160379, "activity_lines": [ 77.620667, 78.273272, 78.776881, 78.817258 ] }, { "date": "2025-10-17", "close": 77.959999, "volume": 6378, "typical_volume": 23125.65, "trend": 78.315833, "fair_value": 64.85359, "relative_strength": -4.278834, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.85458, "energy": 49.406421, "activity_lines": [ 77.652666, 78.14209, 78.653309, 78.797075 ] }, { "date": "2025-10-24", "close": 78.125, "volume": 650, "typical_volume": 20038.65, "trend": 78.384167, "fair_value": 65.019359, "relative_strength": -6.89281, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.175842, "energy": 30.587955, "activity_lines": [ 77.809, 78.046909, 78.557881, 78.784763 ] }, { "date": "2025-10-31", "close": 75.470001, "volume": 11789, "typical_volume": 20626.75, "trend": 78.489167, "fair_value": 65.162789, "relative_strength": -10.586795, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.559526, "energy": 61.359122, "activity_lines": [ 77.072667, 77.507364, 78.227905, 78.596752 ] }, { "date": "2025-11-07", "close": 72.870003, "volume": 80532, "typical_volume": 24639.5, "trend": 78.546167, "fair_value": 65.28359, "relative_strength": -13.159278, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.001345, "energy": 89.233096, "activity_lines": [ 75.582001, 76.582364, 77.668833, 78.234226 ] }, { "date": "2025-11-14", "close": 73.669998, "volume": 1700, "typical_volume": 24606.75, "trend": 78.526667, "fair_value": 65.412949, "relative_strength": -12.174489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.486449, "energy": 92.111679, "activity_lines": [ 74.696667, 75.913364, 77.216809, 77.919634 ] }, { "date": "2025-11-21", "close": 72.535004, "volume": 2934, "typical_volume": 24377.95, "trend": 78.434167, "fair_value": 65.527051, "relative_strength": -11.92254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.402377, "energy": 93.44271, "activity_lines": [ 73.668668, 75.148546, 76.693262, 77.533075 ] }, { "date": "2025-11-28", "close": 73.184998, "volume": 57110, "typical_volume": 27163.45, "trend": 78.273833, "fair_value": 65.647756, "relative_strength": -12.593151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.658861, "energy": 88.196476, "activity_lines": [ 73.219, 74.619455, 76.266452, 77.194419 ] }, { "date": "2025-12-05", "close": 71.910004, "volume": 3528, "typical_volume": 27224.2, "trend": 78.056833, "fair_value": 65.767372, "relative_strength": -13.414462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.599377, "energy": 90.397404, "activity_lines": [ 72.673668, 73.946274, 75.744905, 76.78385 ] }, { "date": "2025-12-12", "close": 71.68, "volume": 1928, "typical_volume": 27112.45, "trend": 77.786167, "fair_value": 65.897724, "relative_strength": -13.329759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.425217, "energy": 82.501107, "activity_lines": [ 72.289001, 73.326637, 75.235, 76.372441 ] }, { "date": "2025-12-19", "close": 72.275002, "volume": 5993, "typical_volume": 27183.3, "trend": 77.494333, "fair_value": 66.029648, "relative_strength": -14.588298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.169841, "energy": 65.808084, "activity_lines": [ 72.182001, 72.929183, 74.823501, 76.016882 ] }, { "date": "2025-12-26", "close": 72.459999, "volume": 0, "typical_volume": 11288.95, "trend": 77.224, "fair_value": 66.162276, "relative_strength": -13.936787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.611855, "energy": 64.832144, "activity_lines": [ 72.229667, 72.655001, 74.455429, 75.692086 ] }, { "date": "2026-01-02", "close": 72.754997, "volume": 249, "typical_volume": 11287.55, "trend": 76.916833, "fair_value": 66.281122, "relative_strength": -14.076416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.922403, "energy": 60.67421, "activity_lines": [ 72.380666, 72.534455, 74.143215, 75.403764 ] }, { "date": "2026-01-09", "close": 72.794998, "volume": 96, "typical_volume": 11027.85, "trend": 76.698, "fair_value": 66.395641, "relative_strength": -15.295996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.3413, "energy": 50.06152, "activity_lines": [ 72.573665, 72.518818, 73.870429, 75.137839 ] }, { "date": "2026-01-16", "close": 70.959999, "volume": 8570, "typical_volume": 11437.55, "trend": 76.418333, "fair_value": 66.494615, "relative_strength": -18.071621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.805684, "energy": 59.50397, "activity_lines": [ 72.095999, 72.218181, 73.458476, 74.767645 ] }, { "date": "2026-01-23", "close": 71.584999, "volume": 7004, "typical_volume": 11787.75, "trend": 76.092833, "fair_value": 66.59609, "relative_strength": -16.387418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.873104, "energy": 53.545094, "activity_lines": [ 71.874665, 72.065908, 73.144095, 74.455817 ] }, { "date": "2026-01-30", "close": 72.540001, "volume": 3095, "typical_volume": 11914.2, "trend": 75.849167, "fair_value": 66.698654, "relative_strength": -15.654101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.384881, "energy": 49.696502, "activity_lines": [ 72.017666, 72.125181, 72.959548, 74.226602 ] }, { "date": "2026-02-06", "close": 73.279999, "volume": 3076, "typical_volume": 11985.4, "trend": 75.6655, "fair_value": 66.80609, "relative_strength": -15.645227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.379291, "energy": 41.945514, "activity_lines": [ 72.401999, 72.318908, 72.876238, 74.060849 ] }, { "date": "2026-02-13", "close": 76.165001, "volume": 22510, "typical_volume": 11869.15, "trend": 75.5725, "fair_value": 66.918205, "relative_strength": -12.645028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.424613, "energy": 15.056905, "activity_lines": [ 73.713, 73.035454, 73.090214, 74.093075 ] }, { "date": "2026-02-20", "close": 77.639999, "volume": 5508, "typical_volume": 11419.45, "trend": 75.479, "fair_value": 67.040705, "relative_strength": -12.598657, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 27.920534, "energy": 43.156378, "activity_lines": [ 75.291, 73.942818, 73.449381, 74.226462 ] }, { "date": "2026-02-27", "close": 79.720001, "volume": 4907, "typical_volume": 11377.85, "trend": 75.5465, "fair_value": 67.173205, "relative_strength": -11.783326, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.373586, "energy": 79.290245, "activity_lines": [ 77.117, 75.12, 74.008119, 74.500075 ] }, { "date": "2026-03-06", "close": 79.239998, "volume": 460, "typical_volume": 11081.95, "trend": 75.578166, "fair_value": 67.305289, "relative_strength": -6.784467, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.415627, "energy": 79.241914, "activity_lines": [ 78.240666, 76.074545, 74.509166, 74.738365 ] }, { "date": "2026-03-13", "close": 78.529999, "volume": 470, "typical_volume": 11072.95, "trend": 75.521333, "fair_value": 67.440801, "relative_strength": -7.177399, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.523146, "energy": 77.282133, "activity_lines": [ 78.680999, 76.776727, 74.9365, 74.928806 ] }, { "date": "2026-03-20", "close": 74.669998, "volume": 1264, "typical_volume": 10546.7, "trend": 75.334666, "fair_value": 67.549872, "relative_strength": -8.402621, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.444718, "energy": 42.83169, "activity_lines": [ 77.484665, 76.67209, 74.994285, 74.873881 ] }, { "date": "2026-03-27", "close": 74.540001, "volume": 633, "typical_volume": 6551.75, "trend": 75.187667, "fair_value": 67.647051, "relative_strength": -8.733342, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 11.461666, "energy": 17.776044, "activity_lines": [ 76.344666, 76.509727, 75.0435, 74.822613 ] }, { "date": "2026-04-03", "close": 76.144997, "volume": 1480, "typical_volume": 6540.75, "trend": 75.0675, "fair_value": 67.748173, "relative_strength": -10.604144, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 6.907851, "energy": 12.169934, "activity_lines": [ 75.946332, 76.57409, 75.237618, 74.884376 ] }, { "date": "2026-04-10", "close": 77.129997, "volume": 5961, "typical_volume": 6692.1, "trend": 75.005166, "fair_value": 67.855641, "relative_strength": -10.50054, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.851646, "energy": 24.881405, "activity_lines": [ 76.114665, 76.734635, 75.513761, 75.01744 ] }, { "date": "2026-04-17", "close": 77.370003, "volume": 20576, "typical_volume": 4865.4, "trend": 74.983833, "fair_value": 67.962532, "relative_strength": -10.422323, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.322207, "energy": 21.08935, "activity_lines": [ 76.503666, 76.855363, 75.79088, 75.17001 ] }, { "date": "2026-04-24", "close": 75.849998, "volume": 1981, "typical_volume": 4788.05, "trend": 74.940333, "fair_value": 68.056603, "relative_strength": -9.387934, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.69121, "energy": 21.907315, "activity_lines": [ 76.463333, 76.625363, 75.903309, 75.225892 ] }, { "date": "2026-05-01", "close": 73.925003, "volume": 108700, "typical_volume": 10126.65, "trend": 74.806167, "fair_value": 68.144167, "relative_strength": -11.147032, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.915373, "energy": 9.844307, "activity_lines": [ 75.702667, 76.051091, 75.813642, 75.160387 ] }, { "date": "2026-05-08", "close": 74.18, "volume": 256493, "typical_volume": 22651.65, "trend": 74.705333, "fair_value": 68.237821, "relative_strength": -9.284143, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.498613, "energy": 10.00744, "activity_lines": [ 75.068001, 75.590727, 75.737571, 75.119989 ] }, { "date": "2026-05-15", "close": 74.25, "volume": 287520, "typical_volume": 37027.65, "trend": 74.581667, "fair_value": 68.333782, "relative_strength": -8.442821, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.806273, "energy": 16.36425, "activity_lines": [ 74.587667, 75.243818, 75.659095, 75.090613 ] }, { "date": "2026-05-22", "close": 78.419998, "volume": 1632, "typical_volume": 37096.8, "trend": 74.5915, "fair_value": 68.467436, "relative_strength": -5.391529, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.267211, "energy": 18.356319, "activity_lines": [ 75.689333, 75.745818, 75.969238, 75.338247 ] }, { "date": "2026-05-29", "close": 76.855003, "volume": 33, "typical_volume": 37093.65, "trend": 74.637667, "fair_value": 68.600353, "relative_strength": -6.36232, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.389193, "energy": 17.939274, "activity_lines": [ 76.199334, 75.965273, 76.103357, 75.484279 ] }, { "date": "2026-06-05", "close": 75.019997, "volume": 3, "typical_volume": 36665.3, "trend": 74.709333, "fair_value": 68.722756, "relative_strength": -7.776161, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.289225, "energy": 16.176085, "activity_lines": [ 76.030666, 75.811363, 76.043381, 75.508946 ] }, { "date": "2026-06-12", "close": 76.574997, "volume": 0, "typical_volume": 36315.1, "trend": 74.806166, "fair_value": 68.852981, "relative_strength": -6.416469, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.849844, "energy": 26.065303, "activity_lines": [ 76.307332, 75.931454, 76.112166, 75.629311 ] }, { "date": "2026-06-19", "close": 73.754997, "volume": 249, "typical_volume": 36172.8, "trend": 74.846833, "fair_value": 68.97266, "relative_strength": -8.486196, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.417438, "energy": 3.126466, "activity_lines": [ 75.484331, 75.530999, 75.888618, 75.561494 ] }, { "date": "2026-06-26", "close": 73.480003, "volume": 3151, "typical_volume": 36176.55, "trend": 74.856666, "fair_value": 69.083301, "relative_strength": -9.579205, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.838164, "energy": 31.112248, "activity_lines": [ 74.602666, 75.141909, 75.633095, 75.473311 ] }, { "date": "2026-07-03", "close": 72.43, "volume": 153, "typical_volume": 35058.7, "trend": 74.873999, "fair_value": 69.194263, "relative_strength": -11.801096, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.244466, "energy": 52.765557, "activity_lines": [ 73.700333, 74.632636, 75.276619, 75.316752 ] }, { "date": "2026-07-10", "close": 73.260002, "volume": 3706, "typical_volume": 34968.6, "trend": 74.926666, "fair_value": 69.301955, "relative_strength": -8.828281, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.116888, "energy": 56.400112, "activity_lines": [ 73.369667, 74.336454, 75.016976, 75.212623 ] }, { "date": "2026-07-17", "close": 74.355003, "volume": 10899, "typical_volume": 35268.2, "trend": 74.996, "fair_value": 69.416891, "relative_strength": -7.957163, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.913025, "energy": 52.417584, "activity_lines": [ 73.521335, 74.251455, 74.882476, 75.175742 ] }, { "date": "2026-07-24", "close": 73.519997, "volume": 3612, "typical_volume": 35425.8, "trend": 75.031333, "fair_value": 69.519199, "relative_strength": -9.692431, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.454557, "energy": 44.125786, "activity_lines": [ 73.542667, 74.011455, 74.694, 75.080516 ] }, { "date": "2026-07-31", "close": 74.385002, "volume": 1167, "typical_volume": 35460.65, "trend": 75.085666, "fair_value": 69.64218, "relative_strength": -9.342637, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.234111, "energy": 29.903636, "activity_lines": [ 73.868001, 73.942, 74.615143, 75.038817 ] }, { "date": "2026-08-07", "close": 76.095001, "volume": 45108, "typical_volume": 37652.85, "trend": 75.195666, "fair_value": 69.777468, "relative_strength": -7.154556, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -20.384808, "energy": 14.184094, "activity_lines": [ 74.703001, 74.256819, 74.718881, 75.103935 ] } ], "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." } } }