{ "ticker": { "uuid": "a238bfef-bb61-4f2c-acc0-5680a79f91c7", "symbol": "ESTA", "name": "Establishment Labs Holdings Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 47.46, "architecture_energy": 36.993, "architecture_maturity": 45.601, "architecture_confidence": 73.484, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 13.79, "rotation_up": 50.17, "upward_expansion": 70.76, "deceleration": 58.76, "rotation_down": 26.07, "downward_expansion": 18.43 }, "activity_lines": [ 87.160667, 87.539091, 81.862524, 77.861978 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 77.42, "trend_reference": 73.855667, "distance_from_trend": 0.048261, "trend_direction": "Improving", "fair_value": 49.146378, "distance_from_fair_value": 0.575294, "fair_value_direction": "Improving", "relative_strength": 4.171918, "relative_strength_direction": "Weakening", "price_momentum": 0.125454, "excess_performance": -0.061999, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048261, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.080032, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.575294, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.075275, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.041719, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.056279, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.125454, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.841279, "read": "Demand-led" } ], "volume": { "latest": 4185190, "relative_activity": 1.515157, "balance": 1.841279, "dry_up": 0.948253, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.121866, "annualized_volatility": 0.515798, "from_high_reference": -0.206681, "from_low_reference": 1.321439 }, "levels": { "trend_reference": 73.855667, "fair_value_reference": 49.146378, "structural_low": 53.1552, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.008715, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.020982, "regime_survival": 0.7, "best_return": 0.386104, "worst_return": -0.297205, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.005461, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.060789, "regime_survival": 0.428571, "best_return": 0.343113, "worst_return": -0.201809, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.005367, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.267279, "regime_survival": 0.4, "best_return": 0.55435, "worst_return": -0.260243, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.367555, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.261595, "regime_survival": 0.25, "best_return": 1.176845, "worst_return": -0.66304, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-05", "end": "2024-06-14", "tenure": "Developing", "return": -0.17873, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-08-30", "tenure": "Developing", "return": 0.105162, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2025-01-24", "tenure": "Established", "return": -0.209185, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-05-30", "tenure": "Established", "return": 0.073947, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.077105, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-18", "tenure": "New", "return": -0.045246, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-09-05", "tenure": "Developing", "return": -0.079698, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": 0.261577, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2026-01-23", "tenure": "Established", "return": 0.343113, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": 0.115187, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-04-03", "tenure": "Developing", "return": -0.259085, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": 0.10118, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-19", "tenure": "Developing", "return": 0.207604, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.12401, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 52.74, "volume": 659044, "typical_volume": 731294.65, "trend": 67.822, "fair_value": 60.623333, "relative_strength": -30.404918, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.90357, "energy": 71.894864, "activity_lines": [ 60.362667, 63.794, 65.567048, 66.699548 ] }, { "date": "2023-08-25", "close": 55.02, "volume": 643090, "typical_volume": 738974.65, "trend": 67.455333, "fair_value": 60.863205, "relative_strength": -28.160762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.671806, "energy": 79.280196, "activity_lines": [ 57.419333, 61.946182, 64.409381, 65.873613 ] }, { "date": "2023-09-01", "close": 59.5, "volume": 564424, "typical_volume": 726716.35, "trend": 67.077, "fair_value": 61.120577, "relative_strength": -24.744696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.229864, "energy": 75.879752, "activity_lines": [ 56.994, 61.098727, 63.754476, 65.360366 ] }, { "date": "2023-09-08", "close": 53.99, "volume": 466525, "typical_volume": 677540.45, "trend": 66.61, "fair_value": 61.342564, "relative_strength": -30.348501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.945281, "energy": 77.86702, "activity_lines": [ 55.616667, 59.344, 62.640381, 64.516043 ] }, { "date": "2023-09-15", "close": 51.99, "volume": 891162, "typical_volume": 631278.25, "trend": 65.988667, "fair_value": 61.557949, "relative_strength": -32.204869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.084145, "energy": 74.077936, "activity_lines": [ 54.479333, 57.491455, 61.435429, 63.572817 ] }, { "date": "2023-09-22", "close": 48.67, "volume": 637362, "typical_volume": 628232.85, "trend": 65.383667, "fair_value": 61.756987, "relative_strength": -34.005145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.524929, "energy": 67.938523, "activity_lines": [ 52.486667, 55.247091, 59.998571, 62.455484 ] }, { "date": "2023-09-29", "close": 49.07, "volume": 642427, "typical_volume": 616395.4, "trend": 64.562333, "fair_value": 61.951538, "relative_strength": -33.100286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.235348, "energy": 76.460771, "activity_lines": [ 50.898667, 53.470364, 58.690429, 61.402989 ] }, { "date": "2023-10-06", "close": 40.92, "volume": 979101, "typical_volume": 647176.95, "trend": 63.697, "fair_value": 62.094295, "relative_strength": -44.702743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.600054, "energy": 88.485311, "activity_lines": [ 46.990667, 50.599455, 56.689714, 59.877677 ] }, { "date": "2023-10-13", "close": 34.39, "volume": 1313894, "typical_volume": 678561.05, "trend": 62.525, "fair_value": 62.197756, "relative_strength": -53.061664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.661903, "energy": 94.83448, "activity_lines": [ 42.144667, 47.120364, 54.199, 57.986903 ] }, { "date": "2023-10-20", "close": 34.01, "volume": 2057361, "typical_volume": 759043.95, "trend": 61.293667, "fair_value": 62.257885, "relative_strength": -51.747543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.835946, "energy": 92.399231, "activity_lines": [ 38.478667, 44.175818, 51.817143, 56.147226 ] }, { "date": "2023-10-27", "close": 31.52, "volume": 1307939, "typical_volume": 799934.5, "trend": 60.086333, "fair_value": 62.299487, "relative_strength": -53.5767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.845685, "energy": 92.295956, "activity_lines": [ 35.181333, 41.174, 49.352571, 54.226344 ] }, { "date": "2023-11-03", "close": 35.31, "volume": 2363475, "typical_volume": 888517.95, "trend": 58.896667, "fair_value": 62.363333, "relative_strength": -50.632956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.779085, "energy": 83.69092, "activity_lines": [ 34.290667, 39.247091, 47.425381, 52.627871 ] }, { "date": "2023-11-10", "close": 21.68, "volume": 15546179, "typical_volume": 1640324.9, "trend": 57.177, "fair_value": 62.340513, "relative_strength": -70.092936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.99985, "energy": 84.874115, "activity_lines": [ 29.774, 35.200364, 44.342619, 50.226796 ] }, { "date": "2023-11-17", "close": 22.0, "volume": 3244743, "typical_volume": 1763852.45, "trend": 55.413333, "fair_value": 62.313269, "relative_strength": -69.770987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.158214, "energy": 84.062413, "activity_lines": [ 26.646667, 31.899455, 41.49519, 47.957312 ] }, { "date": "2023-11-24", "close": 25.15, "volume": 1750869, "typical_volume": 1830277.75, "trend": 53.928667, "fair_value": 62.300321, "relative_strength": -65.194581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.418071, "energy": 67.063449, "activity_lines": [ 25.395333, 29.752909, 39.169714, 46.004839 ] }, { "date": "2023-12-01", "close": 25.73, "volume": 1528921, "typical_volume": 1875810.15, "trend": 52.529667, "fair_value": 62.276154, "relative_strength": -63.761131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.318637, "energy": 68.872231, "activity_lines": [ 24.928, 28.199818, 37.082762, 44.18557 ] }, { "date": "2023-12-08", "close": 23.23, "volume": 2056256, "typical_volume": 1954418.8, "trend": 51.083, "fair_value": 62.224679, "relative_strength": -66.813275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.412722, "energy": 65.946685, "activity_lines": [ 24.013333, 26.609273, 34.970381, 42.295269 ] }, { "date": "2023-12-15", "close": 25.56, "volume": 2122477, "typical_volume": 2039233.45, "trend": 49.647667, "fair_value": 62.170577, "relative_strength": -63.955131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.083391, "energy": 61.297445, "activity_lines": [ 24.680667, 25.912182, 33.304476, 40.648624 ] }, { "date": "2023-12-22", "close": 24.74, "volume": 1477518, "typical_volume": 2087820.15, "trend": 48.310667, "fair_value": 62.104808, "relative_strength": -64.757483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.310152, "energy": 57.57309, "activity_lines": [ 24.816, 25.345273, 31.785286, 39.041677 ] }, { "date": "2023-12-29", "close": 25.89, "volume": 1028745, "typical_volume": 2064075.6, "trend": 46.959, "fair_value": 62.029487, "relative_strength": -62.464682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.530333, "energy": 52.958531, "activity_lines": [ 25.152, 25.162909, 30.579667, 37.595183 ] }, { "date": "2024-01-05", "close": 26.91, "volume": 1209033, "typical_volume": 2091575.05, "trend": 45.570333, "fair_value": 61.958974, "relative_strength": -58.927303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.283903, "energy": 44.671655, "activity_lines": [ 25.778667, 25.313636, 29.613429, 36.301699 ] }, { "date": "2024-01-12", "close": 35.46, "volume": 3981190, "typical_volume": 2258480.05, "trend": 44.577667, "fair_value": 61.858974, "relative_strength": -46.563843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.794263, "energy": 30.682059, "activity_lines": [ 29.176667, 27.102727, 29.584476, 35.649419 ] }, { "date": "2024-01-19", "close": 36.3, "volume": 1929382, "typical_volume": 2326727.95, "trend": 43.631, "fair_value": 61.751987, "relative_strength": -45.786259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.617655, "energy": 24.140411, "activity_lines": [ 32.039333, 29.041818, 29.728667, 35.115376 ] }, { "date": "2024-01-26", "close": 35.9, "volume": 2524501, "typical_volume": 2429626.75, "trend": 42.540667, "fair_value": 61.657692, "relative_strength": -45.800625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.880302, "energy": 21.811161, "activity_lines": [ 34.052667, 30.642364, 29.945238, 34.616602 ] }, { "date": "2024-02-02", "close": 37.94, "volume": 2731823, "typical_volume": 2521659.8, "trend": 41.684, "fair_value": 61.548718, "relative_strength": -42.390314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.004969, "energy": 30.442733, "activity_lines": [ 36.002, 32.361091, 30.442238, 34.319785 ] }, { "date": "2024-02-09", "close": 38.16, "volume": 1041550, "typical_volume": 2541869.2, "trend": 40.609667, "fair_value": 61.347885, "relative_strength": -42.098377, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 12.389183, "energy": 40.724529, "activity_lines": [ 37.221333, 33.887273, 31.027095, 34.09243 ] }, { "date": "2024-02-16", "close": 40.0, "volume": 1925633, "typical_volume": 2606029.5, "trend": 39.596667, "fair_value": 61.153013, "relative_strength": -37.246679, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 18.3284, "energy": 52.908488, "activity_lines": [ 38.304, 35.522, 31.837238, 34.053097 ] }, { "date": "2024-02-23", "close": 36.95, "volume": 1673124, "typical_volume": 2640730.65, "trend": 38.402667, "fair_value": 60.947372, "relative_strength": -41.751551, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 8.405126, "energy": 47.12786, "activity_lines": [ 38.067333, 36.297273, 32.400095, 33.882344 ] }, { "date": "2024-03-01", "close": 44.11, "volume": 4000431, "typical_volume": 2775057.5, "trend": 37.62, "fair_value": 60.834936, "relative_strength": -30.473627, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.197732, "energy": 55.00423, "activity_lines": [ 40.174, 38.167273, 33.663762, 34.250559 ] }, { "date": "2024-03-08", "close": 50.41, "volume": 2449576, "typical_volume": 2794668.25, "trend": 37.441667, "fair_value": 60.780064, "relative_strength": -18.038359, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 61.419239, "energy": 63.788171, "activity_lines": [ 43.833333, 40.830545, 35.481143, 35.07572 ] }, { "date": "2024-03-15", "close": 48.995, "volume": 1517210, "typical_volume": 2805131.8, "trend": 37.316833, "fair_value": 60.705865, "relative_strength": -18.093756, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.019925, "energy": 74.021073, "activity_lines": [ 46.189667, 42.790727, 37.085667, 35.821097 ] }, { "date": "2024-03-22", "close": 47.7, "volume": 1489154, "typical_volume": 2761415.75, "trend": 37.072833, "fair_value": 60.639519, "relative_strength": -21.237652, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.431677, "energy": 73.746929, "activity_lines": [ 47.392, 44.113909, 38.483643, 36.490978 ] }, { "date": "2024-03-29", "close": 50.9, "volume": 1316850, "typical_volume": 2049949.3, "trend": 36.786167, "fair_value": 60.542083, "relative_strength": -14.316878, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.556363, "energy": 86.286469, "activity_lines": [ 49.147667, 45.796364, 40.127381, 37.383054 ] }, { "date": "2024-04-05", "close": 54.16, "volume": 2258360, "typical_volume": 2000630.15, "trend": 36.791833, "fair_value": 60.447083, "relative_strength": -6.732147, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.706296, "energy": 83.055398, "activity_lines": [ 51.06, 47.806091, 41.942452, 38.503946 ] }, { "date": "2024-04-12", "close": 50.75, "volume": 1295091, "typical_volume": 1977841.25, "trend": 36.7505, "fair_value": 60.328878, "relative_strength": -10.657453, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.802313, "energy": 63.699362, "activity_lines": [ 51.165667, 48.863818, 43.279619, 39.404473 ] }, { "date": "2024-04-19", "close": 47.38, "volume": 1454867, "typical_volume": 1974138.55, "trend": 36.7075, "fair_value": 60.157532, "relative_strength": -10.187572, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.863078, "energy": 54.932961, "activity_lines": [ 50.125333, 49.075909, 44.173929, 40.090247 ] }, { "date": "2024-04-26", "close": 48.47, "volume": 1274554, "typical_volume": 1935053.45, "trend": 36.6875, "fair_value": 60.002596, "relative_strength": -10.180822, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.082223, "energy": 47.453972, "activity_lines": [ 49.556, 49.318545, 45.068952, 40.849118 ] }, { "date": "2024-05-03", "close": 52.83, "volume": 1095138, "typical_volume": 1883686.5, "trend": 37.0845, "fair_value": 59.88234, "relative_strength": -1.754147, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.076319, "energy": 47.078565, "activity_lines": [ 50.388667, 50.199909, 46.259024, 41.89057 ] }, { "date": "2024-05-10", "close": 55.96, "volume": 1821778, "typical_volume": 1900899.5, "trend": 37.8035, "fair_value": 59.795288, "relative_strength": 3.807264, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.01972, "energy": 49.259069, "activity_lines": [ 52.136, 51.361636, 47.617333, 43.108344 ] }, { "date": "2024-05-17", "close": 56.57, "volume": 1233981, "typical_volume": 1911161.3, "trend": 38.5555, "fair_value": 59.677276, "relative_strength": 3.998556, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.489226, "energy": 53.787844, "activity_lines": [ 53.966667, 52.418818, 48.885071, 44.319086 ] }, { "date": "2024-05-24", "close": 53.54, "volume": 975981, "typical_volume": 1899508.7, "trend": 39.2895, "fair_value": 59.508942, "relative_strength": -1.797035, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.962789, "energy": 50.531486, "activity_lines": [ 54.399333, 52.813091, 49.718143, 45.285828 ] }, { "date": "2024-05-31", "close": 52.23, "volume": 653823, "typical_volume": 1733140.35, "trend": 39.8535, "fair_value": 59.358942, "relative_strength": -1.504193, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.318664, "energy": 48.979137, "activity_lines": [ 53.984667, 52.886545, 50.299643, 46.120699 ] }, { "date": "2024-06-07", "close": 48.12, "volume": 2321036, "typical_volume": 1752723.05, "trend": 40.734833, "fair_value": 59.159904, "relative_strength": -10.325437, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.154422, "energy": 32.187786, "activity_lines": [ 51.949333, 52.130364, 50.409857, 46.654022 ] }, { "date": "2024-06-14", "close": 44.48, "volume": 1750297, "typical_volume": 1714012.85, "trend": 41.484167, "fair_value": 58.943878, "relative_strength": -18.761516, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.364226, "energy": 16.540211, "activity_lines": [ 49.014667, 50.762909, 50.117119, 46.895645 ] }, { "date": "2024-06-21", "close": 41.46, "volume": 1935778, "typical_volume": 1674210.6, "trend": 42.027833, "fair_value": 58.665417, "relative_strength": -23.230927, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.404205, "energy": 20.43401, "activity_lines": [ 45.838667, 49.022364, 49.495905, 46.894086 ] }, { "date": "2024-06-28", "close": 45.44, "volume": 2075985, "typical_volume": 1725932.35, "trend": 42.684833, "fair_value": 58.406314, "relative_strength": -14.46299, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.639019, "energy": 22.285916, "activity_lines": [ 44.996667, 48.174364, 49.236976, 47.114226 ] }, { "date": "2024-07-05", "close": 43.23, "volume": 944303, "typical_volume": 1676865.85, "trend": 43.3515, "fair_value": 58.149904, "relative_strength": -20.203933, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.984455, "energy": 24.902218, "activity_lines": [ 43.958, 46.959818, 48.732905, 47.149398 ] }, { "date": "2024-07-12", "close": 44.89, "volume": 1332826, "typical_volume": 1659850.95, "trend": 43.995833, "fair_value": 57.958173, "relative_strength": -15.482674, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.26769, "energy": 26.27025, "activity_lines": [ 44.072667, 46.142364, 48.371548, 47.248656 ] }, { "date": "2024-07-19", "close": 45.47, "volume": 2074359, "typical_volume": 1563547.35, "trend": 44.686833, "fair_value": 57.760929, "relative_strength": -9.353091, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.026149, "energy": 18.108118, "activity_lines": [ 44.596, 45.574727, 48.027619, 47.343763 ] }, { "date": "2024-07-26", "close": 48.2, "volume": 1083549, "typical_volume": 1495246.0, "trend": 45.4305, "fair_value": 57.561635, "relative_strength": 0.223886, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.491511, "energy": 13.460704, "activity_lines": [ 45.963333, 45.694182, 47.937214, 47.570419 ] }, { "date": "2024-08-02", "close": 37.59, "volume": 1455133, "typical_volume": 1492142.15, "trend": 45.7865, "fair_value": 57.344391, "relative_strength": -17.853017, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.886173, "energy": 26.198374, "activity_lines": [ 43.344667, 44.036727, 46.846857, 47.064581 ] }, { "date": "2024-08-09", "close": 41.49, "volume": 3424477, "typical_volume": 1588908.3, "trend": 45.9875, "fair_value": 57.173494, "relative_strength": -8.609819, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.800204, "energy": 24.603805, "activity_lines": [ 42.549333, 43.378364, 46.182238, 46.787387 ] }, { "date": "2024-08-16", "close": 42.22, "volume": 1081018, "typical_volume": 1577116.7, "trend": 46.184833, "fair_value": 57.014583, "relative_strength": -10.810956, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.061558, "energy": 30.648477, "activity_lines": [ 42.113333, 43.048, 45.616714, 46.544323 ] }, { "date": "2024-08-23", "close": 45.65, "volume": 648628, "typical_volume": 1496630.1, "trend": 46.509833, "fair_value": 56.84266, "relative_strength": -3.500596, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -49.967714, "energy": 41.488882, "activity_lines": [ 42.998667, 43.448545, 45.41919, 46.509817 ] }, { "date": "2024-08-30", "close": 45.82, "volume": 702371, "typical_volume": 1466994.1, "trend": 46.7725, "fair_value": 56.65766, "relative_strength": -1.178257, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.156947, "energy": 18.48098, "activity_lines": [ 43.928667, 43.858727, 45.278381, 46.465312 ] }, { "date": "2024-09-06", "close": 41.59, "volume": 832077, "typical_volume": 1435854.6, "trend": 46.886833, "fair_value": 56.456955, "relative_strength": -3.776153, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.497612, "energy": 21.625837, "activity_lines": [ 43.607333, 43.420545, 44.75819, 46.130957 ] }, { "date": "2024-09-13", "close": 44.2, "volume": 784838, "typical_volume": 1411368.8, "trend": 47.026833, "fair_value": 56.274263, "relative_strength": -2.533308, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.289258, "energy": 16.877683, "activity_lines": [ 43.889333, 43.526909, 44.514143, 45.957613 ] }, { "date": "2024-09-20", "close": 42.45, "volume": 1103588, "typical_volume": 1411791.3, "trend": 47.210167, "fair_value": 56.104327, "relative_strength": -6.854898, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.850723, "energy": 20.57484, "activity_lines": [ 43.407333, 43.297455, 44.123762, 45.662333 ] }, { "date": "2024-09-27", "close": 47.04, "volume": 4202049, "typical_volume": 1530804.85, "trend": 47.307833, "fair_value": 55.944519, "relative_strength": 3.023668, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.679594, "energy": 13.260603, "activity_lines": [ 44.44, 43.946909, 44.219952, 45.651355 ] }, { "date": "2024-10-04", "close": 45.25, "volume": 4636355, "typical_volume": 1700923.55, "trend": 47.135833, "fair_value": 55.770801, "relative_strength": -0.602686, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.841765, "energy": 9.797933, "activity_lines": [ 44.783333, 44.242364, 44.188143, 45.518591 ] }, { "date": "2024-10-11", "close": 39.83, "volume": 2407500, "typical_volume": 1772499.5, "trend": 46.830333, "fair_value": 55.532532, "relative_strength": -13.328672, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.546432, "energy": 23.864262, "activity_lines": [ 43.358, 43.606, 43.694048, 45.047247 ] }, { "date": "2024-10-18", "close": 41.91, "volume": 1452653, "typical_volume": 1812441.0, "trend": 46.637333, "fair_value": 55.307596, "relative_strength": -8.784843, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.173179, "energy": 21.62503, "activity_lines": [ 42.743333, 43.307091, 43.463333, 44.729806 ] }, { "date": "2024-10-25", "close": 44.64, "volume": 1557057, "typical_volume": 1774242.05, "trend": 46.428667, "fair_value": 55.071058, "relative_strength": -2.974075, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.227128, "energy": 20.501159, "activity_lines": [ 43.191333, 43.496909, 43.541762, 44.600946 ] }, { "date": "2024-11-01", "close": 45.42, "volume": 1638070, "typical_volume": 1768630.7, "trend": 46.137333, "fair_value": 54.848814, "relative_strength": 0.392046, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.912786, "energy": 13.89342, "activity_lines": [ 43.753333, 43.784545, 43.711048, 44.535871 ] }, { "date": "2024-11-08", "close": 46.25, "volume": 3058373, "typical_volume": 1824760.45, "trend": 45.987333, "fair_value": 54.716891, "relative_strength": -3.727791, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.373069, "energy": 6.375439, "activity_lines": [ 44.7, 44.227273, 43.954905, 44.54314 ] }, { "date": "2024-11-15", "close": 37.79, "volume": 3363816, "typical_volume": 1889152.0, "trend": 45.667667, "fair_value": 54.545609, "relative_strength": -18.867152, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.720138, "energy": 22.45178, "activity_lines": [ 42.76, 43.124, 43.370238, 44.01428 ] }, { "date": "2024-11-22", "close": 43.08, "volume": 2654643, "typical_volume": 1974669.0, "trend": 45.488, "fair_value": 54.396058, "relative_strength": -9.569665, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.648853, "energy": 16.887239, "activity_lines": [ 42.719333, 43.051636, 43.32581, 43.847333 ] }, { "date": "2024-11-29", "close": 45.89, "volume": 1370215, "typical_volume": 1976538.45, "trend": 45.256667, "fair_value": 54.28484, "relative_strength": -4.875747, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.966044, "energy": 7.932586, "activity_lines": [ 43.537333, 43.510545, 43.549714, 43.873269 ] }, { "date": "2024-12-06", "close": 43.95, "volume": 1591655, "typical_volume": 1952403.25, "trend": 44.856333, "fair_value": 54.145737, "relative_strength": -12.21905, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.239158, "energy": 12.051275, "activity_lines": [ 43.625333, 43.554182, 43.584095, 43.788968 ] }, { "date": "2024-12-13", "close": 46.0, "volume": 1674758, "typical_volume": 1981963.7, "trend": 44.504, "fair_value": 54.042981, "relative_strength": -9.251999, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -5.905231, "energy": 6.25092, "activity_lines": [ 44.494667, 44.026727, 43.820952, 43.862753 ] }, { "date": "2024-12-20", "close": 40.01, "volume": 2837645, "typical_volume": 2051089.3, "trend": 44.053, "fair_value": 53.892404, "relative_strength": -19.52603, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.60543, "energy": 17.169518, "activity_lines": [ 43.384, 43.396545, 43.49781, 43.572817 ] }, { "date": "2024-12-27", "close": 45.94, "volume": 1073874, "typical_volume": 1933559.15, "trend": 43.843333, "fair_value": 53.753622, "relative_strength": -8.878367, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.607218, "energy": 8.938828, "activity_lines": [ 44.102, 43.841273, 43.727905, 43.694559 ] }, { "date": "2025-01-03", "close": 46.26, "volume": 912000, "typical_volume": 1925108.25, "trend": 43.781333, "fair_value": 53.655481, "relative_strength": -7.924428, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.144019, "energy": 25.985378, "activity_lines": [ 44.736, 44.270909, 43.967286, 43.850473 ] }, { "date": "2025-01-10", "close": 45.79, "volume": 2453464, "typical_volume": 2015350.05, "trend": 43.825, "fair_value": 53.561442, "relative_strength": -6.872101, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.385388, "energy": 25.065835, "activity_lines": [ 45.188667, 44.585636, 44.142667, 43.980065 ] }, { "date": "2025-01-17", "close": 34.56, "volume": 8195249, "typical_volume": 2389993.95, "trend": 43.595, "fair_value": 53.43375, "relative_strength": -31.393469, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.491454, "energy": 34.12625, "activity_lines": [ 41.775333, 42.851818, 43.247857, 43.382323 ] }, { "date": "2025-01-24", "close": 32.89, "volume": 2055611, "typical_volume": 2451170.65, "trend": 43.176667, "fair_value": 53.324904, "relative_strength": -35.383886, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.352746, "energy": 57.076738, "activity_lines": [ 38.568, 41.026909, 42.247619, 42.691677 ] }, { "date": "2025-01-31", "close": 32.05, "volume": 2135071, "typical_volume": 2518682.3, "trend": 42.804, "fair_value": 53.198814, "relative_strength": -35.794732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.142381, "energy": 68.229784, "activity_lines": [ 35.555333, 39.138364, 41.20881, 41.973828 ] }, { "date": "2025-02-07", "close": 28.51, "volume": 2011871, "typical_volume": 2564096.45, "trend": 42.258, "fair_value": 53.047212, "relative_strength": -42.570261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.671952, "energy": 80.274834, "activity_lines": [ 32.288667, 36.806727, 39.890714, 41.051634 ] }, { "date": "2025-02-14", "close": 36.08, "volume": 2291133, "typical_volume": 2468550.65, "trend": 41.945, "fair_value": 52.948109, "relative_strength": -28.998524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.401979, "energy": 73.053463, "activity_lines": [ 32.728667, 36.167455, 39.359952, 40.653054 ] }, { "date": "2025-02-21", "close": 33.43, "volume": 2505994, "typical_volume": 2362032.6, "trend": 41.452667, "fair_value": 52.785737, "relative_strength": -32.407388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.699744, "energy": 68.121614, "activity_lines": [ 32.932667, 35.189455, 38.629, 40.103699 ] }, { "date": "2025-02-28", "close": 42.87, "volume": 4569612, "typical_volume": 2470138.2, "trend": 41.628667, "fair_value": 52.667019, "relative_strength": -9.985451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.491654, "energy": 24.151103, "activity_lines": [ 36.358667, 36.156364, 38.853381, 40.19514 ] }, { "date": "2025-03-07", "close": 41.7, "volume": 4122793, "typical_volume": 2603645.2, "trend": 41.635667, "fair_value": 52.57375, "relative_strength": -8.952046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.587731, "energy": 18.335913, "activity_lines": [ 38.729333, 36.858545, 38.951857, 40.199742 ] }, { "date": "2025-03-14", "close": 37.04, "volume": 2570925, "typical_volume": 2654338.6, "trend": 41.463, "fair_value": 52.401122, "relative_strength": -16.45424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.577312, "energy": 19.474312, "activity_lines": [ 38.903333, 36.790545, 38.607524, 39.903247 ] }, { "date": "2025-03-21", "close": 39.67, "volume": 1877840, "typical_volume": 2666327.1, "trend": 41.263667, "fair_value": 52.243622, "relative_strength": -10.277811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.027289, "energy": 20.776591, "activity_lines": [ 39.385333, 37.368364, 38.549857, 39.78757 ] }, { "date": "2025-03-28", "close": 40.43, "volume": 1464371, "typical_volume": 2586627.0, "trend": 41.084, "fair_value": 52.06734, "relative_strength": -5.802232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.175709, "energy": 15.028114, "activity_lines": [ 39.881333, 38.195636, 38.591952, 39.733785 ] }, { "date": "2025-04-04", "close": 32.3, "volume": 3771662, "typical_volume": 2607019.3, "trend": 40.774333, "fair_value": 51.867147, "relative_strength": -15.668104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.673403, "energy": 25.34273, "activity_lines": [ 37.200667, 37.438, 37.887476, 39.167075 ] }, { "date": "2025-04-11", "close": 30.34, "volume": 5659002, "typical_volume": 2757237.25, "trend": 40.312333, "fair_value": 51.600929, "relative_strength": -25.530944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.330159, "energy": 37.882813, "activity_lines": [ 34.571333, 36.334727, 37.022476, 38.493892 ] }, { "date": "2025-04-18", "close": 31.45, "volume": 2312141, "typical_volume": 2804333.55, "trend": 39.945667, "fair_value": 51.277596, "relative_strength": -20.261171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.373721, "energy": 55.947545, "activity_lines": [ 33.069333, 35.464364, 36.323857, 37.922129 ] }, { "date": "2025-04-25", "close": 29.97, "volume": 2608509, "typical_volume": 2855176.25, "trend": 39.376667, "fair_value": 51.016122, "relative_strength": -27.812669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.734779, "energy": 67.148255, "activity_lines": [ 31.446667, 34.271455, 35.553048, 37.278538 ] }, { "date": "2025-05-02", "close": 33.39, "volume": 1667711, "typical_volume": 2854823.9, "trend": 38.981333, "fair_value": 50.834135, "relative_strength": -21.326352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.94362, "energy": 59.546315, "activity_lines": [ 31.610667, 33.811455, 35.174524, 36.892301 ] }, { "date": "2025-05-09", "close": 33.92, "volume": 3139504, "typical_volume": 2869916.85, "trend": 38.784333, "fair_value": 50.695545, "relative_strength": -18.897569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.888604, "energy": 40.303481, "activity_lines": [ 32.420667, 33.448545, 34.906524, 36.565763 ] }, { "date": "2025-05-16", "close": 36.16, "volume": 2277881, "typical_volume": 2930117.2, "trend": 38.592667, "fair_value": 50.555545, "relative_strength": -18.060747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.062254, "energy": 23.043722, "activity_lines": [ 33.869333, 33.655636, 34.880857, 36.396452 ] }, { "date": "2025-05-23", "close": 36.62, "volume": 1563465, "typical_volume": 2962690.45, "trend": 38.325333, "fair_value": 50.387404, "relative_strength": -14.126871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.958924, "energy": 16.056597, "activity_lines": [ 35.083333, 34.047091, 34.945571, 36.269183 ] }, { "date": "2025-05-30", "close": 34.42, "volume": 1409393, "typical_volume": 2910486.9, "trend": 37.958667, "fair_value": 50.207404, "relative_strength": -19.895494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.925871, "energy": 17.030185, "activity_lines": [ 35.219333, 34.046182, 34.846667, 36.017226 ] }, { "date": "2025-06-06", "close": 38.0, "volume": 1752203, "typical_volume": 2588334.6, "trend": 37.683667, "fair_value": 50.076058, "relative_strength": -12.7014, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.898626, "energy": 14.214879, "activity_lines": [ 36.252, 34.791636, 35.142857, 36.019892 ] }, { "date": "2025-06-13", "close": 37.44, "volume": 2238112, "typical_volume": 2597459.65, "trend": 37.672, "fair_value": 49.974455, "relative_strength": -13.050038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.428578, "energy": 11.997387, "activity_lines": [ 36.790667, 35.479455, 35.369333, 36.004172 ] }, { "date": "2025-06-20", "close": 37.81, "volume": 1269533, "typical_volume": 2554182.75, "trend": 37.496333, "fair_value": 49.843173, "relative_strength": -11.855882, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.759738, "energy": 11.343403, "activity_lines": [ 37.218, 36.141091, 35.609381, 36.013075 ] }, { "date": "2025-06-27", "close": 40.93, "volume": 2263106, "typical_volume": 2566744.5, "trend": 37.331, "fair_value": 49.753173, "relative_strength": -7.935976, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.979612, "energy": 30.515805, "activity_lines": [ 38.575333, 37.234182, 36.119143, 36.234602 ] }, { "date": "2025-07-04", "close": 43.54, "volume": 1440588, "typical_volume": 2524217.25, "trend": 37.317333, "fair_value": 49.675609, "relative_strength": -3.282662, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.689536, "energy": 56.843604, "activity_lines": [ 40.515333, 38.629455, 36.818333, 36.635183 ] }, { "date": "2025-07-11", "close": 44.89, "volume": 2127250, "typical_volume": 2505280.05, "trend": 37.280333, "fair_value": 49.604583, "relative_strength": 0.32338, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.982632, "energy": 67.771153, "activity_lines": [ 42.297333, 40.023455, 37.610571, 37.123742 ] }, { "date": "2025-07-18", "close": 41.57, "volume": 1283153, "typical_volume": 2340957.1, "trend": 37.332333, "fair_value": 49.510801, "relative_strength": -7.778551, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.281346, "energy": 70.746006, "activity_lines": [ 42.513333, 40.604727, 38.032048, 37.400495 ] }, { "date": "2025-07-25", "close": 42.41, "volume": 1489381, "typical_volume": 2209286.5, "trend": 37.214667, "fair_value": 49.402596, "relative_strength": -6.09359, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.20981, "energy": 67.222389, "activity_lines": [ 42.734, 41.199636, 38.539714, 37.728086 ] }, { "date": "2025-08-01", "close": 41.34, "volume": 1482005, "typical_volume": 2154840.5, "trend": 37.050667, "fair_value": 49.25375, "relative_strength": -6.181548, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.418992, "energy": 49.035915, "activity_lines": [ 42.291333, 41.486364, 38.942095, 37.994237 ] }, { "date": "2025-08-08", "close": 34.8, "volume": 3391398, "typical_volume": 2230518.4, "trend": 36.684333, "fair_value": 49.057596, "relative_strength": -23.270244, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.861015, "energy": 12.639483, "activity_lines": [ 39.641333, 40.498182, 38.701143, 37.849032 ] }, { "date": "2025-08-15", "close": 38.32, "volume": 3309522, "typical_volume": 2322775.95, "trend": 36.809667, "fair_value": 48.874904, "relative_strength": -15.443566, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.749693, "energy": 18.726269, "activity_lines": [ 38.747333, 40.143091, 38.818619, 37.954559 ] }, { "date": "2025-08-22", "close": 43.635, "volume": 1709102, "typical_volume": 2219647.95, "trend": 37.167833, "fair_value": 48.735897, "relative_strength": -2.348753, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.97299, "energy": 21.833089, "activity_lines": [ 40.063, 40.748545, 39.452333, 38.394903 ] }, { "date": "2025-08-29", "close": 41.27, "volume": 1313130, "typical_volume": 2002354.35, "trend": 37.475167, "fair_value": 48.606474, "relative_strength": -6.827815, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.738377, "energy": 17.481423, "activity_lines": [ 40.452667, 40.811364, 39.806833, 38.659559 ] }, { "date": "2025-09-05", "close": 39.03, "volume": 888293, "typical_volume": 1931161.95, "trend": 37.825833, "fair_value": 48.436859, "relative_strength": -12.197149, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.811809, "energy": 18.867969, "activity_lines": [ 40.171667, 40.404, 39.895952, 38.759871 ] }, { "date": "2025-09-12", "close": 37.465, "volume": 1135738, "typical_volume": 1857523.4, "trend": 37.872, "fair_value": 48.300224, "relative_strength": -16.624713, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.61048, "energy": 10.518819, "activity_lines": [ 39.523, 39.746636, 39.799929, 38.736591 ] }, { "date": "2025-09-19", "close": 39.46, "volume": 1162725, "typical_volume": 1832274.1, "trend": 38.073, "fair_value": 48.218173, "relative_strength": -13.552852, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.981447, "energy": 10.098192, "activity_lines": [ 39.361667, 39.562455, 39.858214, 38.839043 ] }, { "date": "2025-09-26", "close": 39.11, "volume": 1650334, "typical_volume": 1757815.6, "trend": 37.947667, "fair_value": 48.118814, "relative_strength": -13.242902, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.731919, "energy": 11.69378, "activity_lines": [ 39.007667, 39.413364, 39.854262, 38.905946 ] }, { "date": "2025-10-03", "close": 41.43, "volume": 1528790, "typical_volume": 1720361.05, "trend": 37.938667, "fair_value": 48.029712, "relative_strength": -8.622055, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.377754, "energy": 11.891602, "activity_lines": [ 39.728667, 39.730818, 40.046548, 39.130613 ] }, { "date": "2025-10-10", "close": 38.94, "volume": 1196909, "typical_volume": 1702033.25, "trend": 38.002, "fair_value": 47.921827, "relative_strength": -11.779959, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.90199, "energy": 7.982435, "activity_lines": [ 39.609, 39.613364, 39.976595, 39.195215 ] }, { "date": "2025-10-17", "close": 47.265, "volume": 2510003, "typical_volume": 1757063.75, "trend": 38.255167, "fair_value": 47.891859, "relative_strength": 4.708929, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.346378, "energy": 47.276817, "activity_lines": [ 42.270333, 41.053182, 40.688452, 39.792828 ] }, { "date": "2025-10-24", "close": 49.08, "volume": 1778834, "typical_volume": 1758395.3, "trend": 38.5435, "fair_value": 47.843526, "relative_strength": 6.71328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.217386, "energy": 66.481352, "activity_lines": [ 44.883333, 42.596364, 41.512, 40.491204 ] }, { "date": "2025-10-31", "close": 47.95, "volume": 2145759, "typical_volume": 1753777.65, "trend": 39.065167, "fair_value": 47.804167, "relative_strength": 2.735276, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.681424, "energy": 67.892882, "activity_lines": [ 46.478333, 43.738455, 42.175167, 41.098075 ] }, { "date": "2025-11-07", "close": 65.0, "volume": 5803851, "typical_volume": 1980493.55, "trend": 40.2205, "fair_value": 47.835705, "relative_strength": 43.081182, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.845724, "energy": 90.947504, "activity_lines": [ 53.167333, 47.902091, 44.412095, 42.77129 ] }, { "date": "2025-11-14", "close": 63.99, "volume": 3397077, "typical_volume": 2037192.1, "trend": 41.305167, "fair_value": 47.854551, "relative_strength": 40.02816, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.505498, "energy": 94.044179, "activity_lines": [ 57.948333, 51.450636, 46.423357, 44.304806 ] }, { "date": "2025-11-21", "close": 68.03, "volume": 2418506, "typical_volume": 2086088.0, "trend": 42.573833, "fair_value": 47.886603, "relative_strength": 52.450644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.800432, "energy": 95.444165, "activity_lines": [ 62.406, 55.279909, 48.709571, 46.028989 ] }, { "date": "2025-11-28", "close": 69.29, "volume": 2036217, "typical_volume": 2081536.35, "trend": 43.7705, "fair_value": 47.875641, "relative_strength": 47.157137, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.322849, "energy": 93.451926, "activity_lines": [ 65.899333, 58.782545, 50.999167, 47.752613 ] }, { "date": "2025-12-05", "close": 70.73, "volume": 1701120, "typical_volume": 2102434.7, "trend": 44.9975, "fair_value": 47.887115, "relative_strength": 47.63052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.391084, "energy": 90.953908, "activity_lines": [ 68.525333, 62.004636, 53.309714, 49.491935 ] }, { "date": "2025-12-12", "close": 72.51, "volume": 2012895, "typical_volume": 2128610.4, "trend": 46.209167, "fair_value": 47.919936, "relative_strength": 53.079607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.463661, "energy": 87.671631, "activity_lines": [ 70.226, 64.975455, 55.650929, 51.266935 ] }, { "date": "2025-12-19", "close": 74.415, "volume": 3754062, "typical_volume": 2242213.25, "trend": 47.469, "fair_value": 47.993237, "relative_strength": 54.570498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.944112, "energy": 70.182252, "activity_lines": [ 72.061, 67.727545, 58.030238, 53.086667 ] }, { "date": "2025-12-26", "close": 76.45, "volume": 860348, "typical_volume": 2115660.75, "trend": 48.87, "fair_value": 48.062468, "relative_strength": 55.54647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.665939, "energy": 70.159661, "activity_lines": [ 73.879333, 70.204636, 60.445857, 54.956409 ] }, { "date": "2026-01-02", "close": 68.84, "volume": 1334335, "typical_volume": 2016901.4, "trend": 49.898, "fair_value": 48.094712, "relative_strength": 41.740507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.358965, "energy": 64.027931, "activity_lines": [ 72.599667, 70.767455, 61.938381, 56.244796 ] }, { "date": "2026-01-09", "close": 68.34, "volume": 2431470, "typical_volume": 2053019.8, "trend": 50.928, "fair_value": 48.088622, "relative_strength": 37.063274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.600299, "energy": 54.320116, "activity_lines": [ 71.183333, 70.880091, 63.237952, 57.434602 ] }, { "date": "2026-01-16", "close": 67.51, "volume": 2430429, "typical_volume": 2108884.75, "trend": 51.918, "fair_value": 48.080737, "relative_strength": 35.197829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.857231, "energy": 41.884375, "activity_lines": [ 69.649667, 70.471091, 64.340833, 58.504409 ] }, { "date": "2026-01-23", "close": 65.92, "volume": 1792372, "typical_volume": 2154088.7, "trend": 52.751, "fair_value": 48.080096, "relative_strength": 30.349133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.029269, "energy": 28.957479, "activity_lines": [ 67.919333, 69.727364, 65.167333, 59.407763 ] }, { "date": "2026-01-30", "close": 68.15, "volume": 2876469, "typical_volume": 2241125.25, "trend": 53.571333, "fair_value": 48.062788, "relative_strength": 33.428922, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.724384, "energy": 25.093884, "activity_lines": [ 67.498667, 69.354, 66.078167, 60.401247 ] }, { "date": "2026-02-06", "close": 68.79, "volume": 2008699, "typical_volume": 2283423.95, "trend": 54.368, "fair_value": 48.067853, "relative_strength": 35.539596, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.343878, "energy": 25.087745, "activity_lines": [ 67.844667, 69.094818, 66.903833, 61.383097 ] }, { "date": "2026-02-13", "close": 74.6, "volume": 2570935, "typical_volume": 2329454.0, "trend": 55.469, "fair_value": 48.093301, "relative_strength": 46.954997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.180145, "energy": 39.287142, "activity_lines": [ 70.130667, 69.901091, 68.143167, 62.688387 ] }, { "date": "2026-02-20", "close": 76.0, "volume": 1904775, "typical_volume": 2348253.25, "trend": 56.588667, "fair_value": 48.152147, "relative_strength": 45.988925, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.11744, "energy": 46.700724, "activity_lines": [ 72.466, 70.891545, 69.346833, 64.012968 ] }, { "date": "2026-02-27", "close": 78.7, "volume": 4007931, "typical_volume": 2488804.35, "trend": 57.834, "fair_value": 48.184135, "relative_strength": 50.041767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.45593, "energy": 51.702494, "activity_lines": [ 75.135333, 72.309455, 70.643024, 65.439505 ] }, { "date": "2026-03-06", "close": 70.41, "volume": 2694784, "typical_volume": 2498043.4, "trend": 59.021, "fair_value": 48.206763, "relative_strength": 34.957459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.547975, "energy": 42.452604, "activity_lines": [ 74.189333, 72.142182, 70.960357, 66.25086 ] }, { "date": "2026-03-13", "close": 63.35, "volume": 2324098, "typical_volume": 2525306.6, "trend": 59.855333, "fair_value": 48.167019, "relative_strength": 21.874719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.725123, "energy": 20.953311, "activity_lines": [ 70.739333, 70.801091, 70.495095, 66.530151 ] }, { "date": "2026-03-20", "close": 62.65, "volume": 2570127, "typical_volume": 2546525.0, "trend": 60.489167, "fair_value": 48.113814, "relative_strength": 22.278533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.961709, "energy": 8.747348, "activity_lines": [ 67.418667, 69.432545, 69.895214, 66.710452 ] }, { "date": "2026-03-27", "close": 55.31, "volume": 3056569, "typical_volume": 2409160.9, "trend": 60.957167, "fair_value": 48.034135, "relative_strength": 11.267784, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -12.784592, "energy": 24.925002, "activity_lines": [ 62.448, 66.832909, 68.526286, 66.376312 ] }, { "date": "2026-04-03", "close": 58.31, "volume": 1702628, "typical_volume": 2324438.45, "trend": 61.599833, "fair_value": 47.952788, "relative_strength": 12.251875, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -24.584367, "energy": 33.661019, "activity_lines": [ 59.856667, 65.000545, 67.489214, 66.205527 ] }, { "date": "2026-04-10", "close": 60.19, "volume": 1987102, "typical_volume": 2302868.25, "trend": 62.357333, "fair_value": 47.868942, "relative_strength": 10.174431, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.470639, "energy": 46.394285, "activity_lines": [ 59.251333, 63.648364, 66.658238, 66.11457 ] }, { "date": "2026-04-17", "close": 67.08, "volume": 2405347, "typical_volume": 2321324.75, "trend": 63.278, "fair_value": 47.81875, "relative_strength": 14.840782, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.810816, "energy": 31.510549, "activity_lines": [ 61.624, 63.693636, 66.520786, 66.419258 ] }, { "date": "2026-04-24", "close": 66.28, "volume": 1981632, "typical_volume": 2335350.35, "trend": 64.183667, "fair_value": 47.796891, "relative_strength": 10.171998, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.437876, "energy": 13.905275, "activity_lines": [ 63.481333, 63.624545, 66.317667, 66.612935 ] }, { "date": "2026-05-01", "close": 70.23, "volume": 2065255, "typical_volume": 2337968.35, "trend": 65.143667, "fair_value": 47.813109, "relative_strength": 14.096985, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.637596, "energy": 10.867773, "activity_lines": [ 66.413333, 64.424909, 66.511929, 67.003022 ] }, { "date": "2026-05-08", "close": 71.77, "volume": 4536715, "typical_volume": 2377101.0, "trend": 66.238, "fair_value": 47.846058, "relative_strength": 9.799849, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.842821, "energy": 19.473268, "activity_lines": [ 68.864, 65.610182, 66.863714, 67.430527 ] }, { "date": "2026-05-15", "close": 65.76, "volume": 2132597, "typical_volume": 2440713.45, "trend": 66.8545, "fair_value": 47.827724, "relative_strength": 0.444727, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.689203, "energy": 13.32404, "activity_lines": [ 68.414, 65.828727, 66.655714, 67.399688 ] }, { "date": "2026-05-22", "close": 72.19, "volume": 1851003, "typical_volume": 2466546.85, "trend": 67.624833, "fair_value": 47.874776, "relative_strength": 8.301877, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.309986, "energy": 21.329297, "activity_lines": [ 69.736, 67.300909, 67.111, 67.743914 ] }, { "date": "2026-05-29", "close": 70.69, "volume": 1725175, "typical_volume": 2431232.1, "trend": 68.382833, "fair_value": 47.902019, "relative_strength": 2.448925, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.158229, "energy": 18.352326, "activity_lines": [ 70.217333, 68.339636, 67.407476, 67.941667 ] }, { "date": "2026-06-05", "close": 74.31, "volume": 2670230, "typical_volume": 2443222.15, "trend": 68.693167, "fair_value": 47.938814, "relative_strength": 12.003829, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.432687, "energy": 22.559289, "activity_lines": [ 71.611333, 69.890364, 68.037524, 68.324065 ] }, { "date": "2026-06-12", "close": 82.14, "volume": 2951129, "typical_volume": 2501160.0, "trend": 69.298167, "fair_value": 48.047147, "relative_strength": 19.967969, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.584938, "energy": 51.228191, "activity_lines": [ 75.343333, 72.519273, 69.380905, 69.191602 ] }, { "date": "2026-06-19", "close": 84.81, "volume": 2402754, "typical_volume": 2477474.25, "trend": 69.8575, "fair_value": 48.176058, "relative_strength": 19.613613, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.369061, "energy": 70.747461, "activity_lines": [ 79.274, 75.200364, 70.901333, 70.192366 ] }, { "date": "2026-06-26", "close": 88.38, "volume": 7736869, "typical_volume": 2763882.75, "trend": 70.493833, "fair_value": 48.302788, "relative_strength": 29.220849, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.364537, "energy": 79.364326, "activity_lines": [ 83.124667, 78.082909, 72.682429, 71.387366 ] }, { "date": "2026-07-03", "close": 89.25, "volume": 2831515, "typical_volume": 2776911.75, "trend": 71.111167, "fair_value": 48.466955, "relative_strength": 28.190789, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.420506, "energy": 81.560725, "activity_lines": [ 86.186, 80.736364, 74.453095, 72.597441 ] }, { "date": "2026-07-10", "close": 88.03, "volume": 2730673, "typical_volume": 2818206.65, "trend": 71.6285, "fair_value": 48.580032, "relative_strength": 23.217577, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.902882, "energy": 77.8082, "activity_lines": [ 87.603333, 82.750364, 76.03781, 73.688978 ] }, { "date": "2026-07-17", "close": 92.58, "volume": 1836201, "typical_volume": 2709620.15, "trend": 72.234, "fair_value": 48.722276, "relative_strength": 33.675667, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.65826, "energy": 78.516138, "activity_lines": [ 89.622667, 85.268, 77.998571, 75.040688 ] }, { "date": "2026-07-24", "close": 92.32, "volume": 2427833, "typical_volume": 2696272.6, "trend": 72.763, "fair_value": 48.847596, "relative_strength": 33.917351, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.084801, "energy": 69.046226, "activity_lines": [ 90.859333, 87.36, 79.868476, 76.336559 ] }, { "date": "2026-07-31", "close": 92.54, "volume": 2027891, "typical_volume": 2681462.25, "trend": 73.553, "fair_value": 49.007532, "relative_strength": 32.001326, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.293919, "energy": 60.352708, "activity_lines": [ 91.668667, 89.009091, 81.655, 77.612495 ] }, { "date": "2026-08-07", "close": 77.42, "volume": 4185190, "typical_volume": 2762215.4, "trend": 73.855667, "fair_value": 49.146378, "relative_strength": 4.171918, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.459791, "energy": 36.992808, "activity_lines": [ 87.160667, 87.539091, 81.862524, 77.861978 ] } ], "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." } } }