{ "ticker": { "uuid": "a4abadc6-3e7e-4a22-9f5b-3e175b559881", "symbol": "GATX", "name": "GATX Corporation", "exchange": "NYSE", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -18.059, "architecture_energy": 11.068, "architecture_maturity": 20.754, "architecture_confidence": 83.536, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 60.3, "rotation_up": 28.1, "upward_expansion": 35.14, "deceleration": 41.99, "rotation_down": 30.07, "downward_expansion": 39.14 }, "activity_lines": [ 179.668, 178.93318, 178.765686, 179.212323 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 177.71, "trend_reference": 180.1781, "distance_from_trend": -0.013698, "trend_direction": "Improving", "fair_value": 146.88782, "distance_from_fair_value": 0.209835, "fair_value_direction": "Weakening", "relative_strength": -8.84866, "relative_strength_direction": "Weakening", "price_momentum": -0.049983, "excess_performance": -0.175608, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.013698, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.025629, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.209835, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.097317, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.088487, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.075309, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.049983, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.883129, "read": "Supply-led" } ], "volume": { "latest": 1046665, "relative_activity": 0.953218, "balance": 0.883129, "dry_up": 1.060026, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.05887, "annualized_volatility": 0.289218, "from_high_reference": -0.132239, "from_low_reference": 0.197653 }, "levels": { "trend_reference": 180.1781, "fair_value_reference": 146.88782, "structural_low": 162.529993, "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": 14, "median_return": 0.045209, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.026934, "regime_survival": 0.428571, "best_return": 0.187844, "worst_return": -0.071305, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.12125, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.050121, "regime_survival": 0.166667, "best_return": 0.193119, "worst_return": -0.003222, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.112868, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.04725, "regime_survival": 0.2, "best_return": 0.215256, "worst_return": 0.043881, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.115795, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.096254, "regime_survival": 0.0, "best_return": 0.395821, "worst_return": 0.08964, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.051765, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.022295, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.103611, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-08-29", "tenure": "Established", "return": 0.075964, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-24", "tenure": "Developing", "return": -0.034901, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": 0.00102, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.046083, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2025-12-19", "tenure": "New", "return": 0.029455, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-13", "tenure": "Developing", "return": -0.023731, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.205282, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": -0.128633, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": 0.008192, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": 0.04797, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.023263, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 114.272808, "volume": 532750, "typical_volume": 684593.4, "trend": 110.622457, "fair_value": 92.551996, "relative_strength": 1.303618, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.398312, "energy": 25.287729, "activity_lines": [ 116.716066, 118.732767, 117.279918, 114.204494 ] }, { "date": "2023-08-25", "close": 113.262725, "volume": 479264, "typical_volume": 680017.45, "trend": 110.81768, "fair_value": 92.887312, "relative_strength": -0.569044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.235429, "energy": 23.44595, "activity_lines": [ 115.040217, 117.609201, 117.160184, 114.374834 ] }, { "date": "2023-09-01", "close": 114.034581, "volume": 639800, "typical_volume": 685702.6, "trend": 110.949259, "fair_value": 93.237143, "relative_strength": -2.579055, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.460063, "energy": 17.95375, "activity_lines": [ 114.41638, 116.732352, 117.064258, 114.582376 ] }, { "date": "2023-09-08", "close": 107.2594, "volume": 614472, "typical_volume": 687577.5, "trend": 111.040665, "fair_value": 93.563997, "relative_strength": -7.313422, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -19.249126, "energy": 30.310979, "activity_lines": [ 111.881643, 114.669564, 116.287365, 114.344321 ] }, { "date": "2023-09-15", "close": 108.691457, "volume": 874784, "typical_volume": 688858.9, "trend": 111.182638, "fair_value": 93.882483, "relative_strength": -6.001256, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.14814, "energy": 47.909125, "activity_lines": [ 110.359792, 113.147479, 115.644808, 114.192759 ] }, { "date": "2023-09-22", "close": 104.583931, "volume": 735245, "typical_volume": 688027.2, "trend": 111.249373, "fair_value": 94.189993, "relative_strength": -6.883432, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.992642, "energy": 64.148733, "activity_lines": [ 108.053038, 111.103582, 114.608109, 113.767036 ] }, { "date": "2023-09-29", "close": 104.200945, "volume": 584514, "typical_volume": 691116.8, "trend": 111.318944, "fair_value": 94.480213, "relative_strength": -6.697722, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.722596, "energy": 69.897006, "activity_lines": [ 106.264547, 109.334964, 113.551951, 113.312298 ] }, { "date": "2023-10-06", "close": 102.065798, "volume": 617503, "typical_volume": 689277.15, "trend": 111.473888, "fair_value": 94.743009, "relative_strength": -9.049061, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.511454, "energy": 75.872804, "activity_lines": [ 104.368458, 107.55964, 112.29832, 112.715321 ] }, { "date": "2023-10-13", "close": 103.645615, "volume": 479888, "typical_volume": 659162.85, "trend": 111.731775, "fair_value": 95.009408, "relative_strength": -8.039343, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.305941, "energy": 69.758433, "activity_lines": [ 103.796895, 106.383942, 111.222166, 112.210271 ] }, { "date": "2023-10-20", "close": 101.816857, "volume": 624573, "typical_volume": 647388.6, "trend": 111.811376, "fair_value": 95.260045, "relative_strength": -7.459597, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.091489, "energy": 76.438867, "activity_lines": [ 102.856664, 105.087501, 110.021657, 111.570599 ] }, { "date": "2023-10-27", "close": 97.355068, "volume": 722230, "typical_volume": 643288.3, "trend": 111.577168, "fair_value": 95.489988, "relative_strength": -9.154902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.085111, "energy": 76.920503, "activity_lines": [ 100.887477, 103.264166, 108.471405, 110.637934 ] }, { "date": "2023-11-03", "close": 104.392438, "volume": 1107374, "typical_volume": 653105.25, "trend": 111.629404, "fair_value": 95.743801, "relative_strength": -7.777896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.430673, "energy": 52.444878, "activity_lines": [ 101.746004, 103.027948, 107.692877, 110.174403 ] }, { "date": "2023-11-10", "close": 102.898792, "volume": 592604, "typical_volume": 651266.15, "trend": 111.508198, "fair_value": 95.948326, "relative_strength": -10.142461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.827512, "energy": 48.32668, "activity_lines": [ 102.093883, 102.681436, 106.842197, 109.611138 ] }, { "date": "2023-11-17", "close": 106.173324, "volume": 810775, "typical_volume": 667090.15, "trend": 111.486339, "fair_value": 96.169513, "relative_strength": -9.193512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.780284, "energy": 36.119696, "activity_lines": [ 103.47774, 103.132762, 106.36843, 109.266953 ] }, { "date": "2023-11-24", "close": 105.886084, "volume": 330767, "typical_volume": 660214.6, "trend": 111.413477, "fair_value": 96.378872, "relative_strength": -10.116648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.229473, "energy": 22.938728, "activity_lines": [ 104.597336, 103.55161, 105.945897, 108.905646 ] }, { "date": "2023-12-01", "close": 106.642481, "volume": 758678, "typical_volume": 666804.5, "trend": 111.362982, "fair_value": 96.57282, "relative_strength": -10.000393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.024124, "energy": 21.057591, "activity_lines": [ 105.697782, 104.158991, 105.667693, 108.59784 ] }, { "date": "2023-12-08", "close": 108.318046, "volume": 517978, "typical_volume": 659844.2, "trend": 111.459103, "fair_value": 96.776527, "relative_strength": -8.600094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.709465, "energy": 21.939947, "activity_lines": [ 106.73759, 105.033592, 105.629598, 108.401392 ] }, { "date": "2023-12-15", "close": 113.048384, "volume": 845399, "typical_volume": 665100.85, "trend": 111.636053, "fair_value": 97.020962, "relative_strength": -6.66316, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.870795, "energy": 17.267225, "activity_lines": [ 109.092469, 106.693398, 106.122324, 108.503926 ] }, { "date": "2023-12-22", "close": 115.193351, "volume": 597044, "typical_volume": 659916.25, "trend": 111.672299, "fair_value": 97.269626, "relative_strength": -5.54125, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.928747, "energy": 27.680696, "activity_lines": [ 111.485698, 108.543515, 106.848849, 108.733429 ] }, { "date": "2023-12-29", "close": 115.63581, "volume": 349319, "typical_volume": 640748.05, "trend": 111.606597, "fair_value": 97.527977, "relative_strength": -5.345263, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.422794, "energy": 50.688718, "activity_lines": [ 113.425079, 110.26412, 107.617985, 108.98914 ] }, { "date": "2024-01-05", "close": 113.933303, "volume": 574839, "typical_volume": 642852.5, "trend": 111.448725, "fair_value": 97.750451, "relative_strength": -5.047902, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.869498, "energy": 52.923774, "activity_lines": [ 114.146975, 111.423924, 108.233643, 109.13925 ] }, { "date": "2024-01-12", "close": 112.538594, "volume": 483235, "typical_volume": 643051.05, "trend": 111.229559, "fair_value": 97.951851, "relative_strength": -7.686109, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.687321, "energy": 48.966549, "activity_lines": [ 113.917913, 112.028723, 108.718089, 109.209564 ] }, { "date": "2024-01-19", "close": 112.856011, "volume": 522851, "typical_volume": 637203.6, "trend": 111.1061, "fair_value": 98.164342, "relative_strength": -8.338152, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.636376, "energy": 27.99115, "activity_lines": [ 113.513287, 112.543122, 109.236212, 109.314496 ] }, { "date": "2024-01-26", "close": 121.84948, "volume": 1213625, "typical_volume": 667161.25, "trend": 111.0785, "fair_value": 98.406675, "relative_strength": -1.905733, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.618614, "energy": 48.240952, "activity_lines": [ 116.119309, 114.511656, 110.616469, 110.007618 ] }, { "date": "2024-02-02", "close": 117.328699, "volume": 727227, "typical_volume": 659783.4, "trend": 110.953889, "fair_value": 98.603657, "relative_strength": -6.633591, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.228878, "energy": 46.110626, "activity_lines": [ 116.774663, 115.37321, 111.496698, 110.410856 ] }, { "date": "2024-02-09", "close": 122.426601, "volume": 688310, "typical_volume": 657436.65, "trend": 110.916304, "fair_value": 98.814101, "relative_strength": -3.793358, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.485046, "energy": 75.295166, "activity_lines": [ 119.016457, 116.953607, 112.821313, 111.151031 ] }, { "date": "2024-02-16", "close": 121.868717, "volume": 836930, "typical_volume": 670057.45, "trend": 110.805808, "fair_value": 99.018125, "relative_strength": -3.788412, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.575674, "energy": 79.197928, "activity_lines": [ 120.50607, 118.145587, 114.00783, 111.857638 ] }, { "date": "2024-02-23", "close": 121.830242, "volume": 498291, "typical_volume": 664096.85, "trend": 110.891916, "fair_value": 99.242182, "relative_strength": -5.23397, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.997572, "energy": 73.850997, "activity_lines": [ 121.360851, 119.084196, 115.106551, 112.568892 ] }, { "date": "2024-03-01", "close": 123.382589, "volume": 607501, "typical_volume": 670477.5, "trend": 111.161588, "fair_value": 99.464228, "relative_strength": -4.847055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.277552, "energy": 74.572938, "activity_lines": [ 122.134798, 120.145379, 116.258998, 113.374742 ] }, { "date": "2024-03-08", "close": 128.281561, "volume": 617913, "typical_volume": 670144.5, "trend": 111.522456, "fair_value": 99.697251, "relative_strength": -0.808142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.088654, "energy": 76.084613, "activity_lines": [ 124.439528, 121.948389, 117.784028, 114.479257 ] }, { "date": "2024-03-15", "close": 126.967438, "volume": 799617, "typical_volume": 674013.85, "trend": 111.945611, "fair_value": 99.994973, "relative_strength": -1.764121, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.704794, "energy": 75.863619, "activity_lines": [ 125.576027, 123.282545, 119.057882, 115.475707 ] }, { "date": "2024-03-22", "close": 124.735362, "volume": 732924, "typical_volume": 655291.35, "trend": 112.328032, "fair_value": 100.251193, "relative_strength": -5.486535, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.231304, "energy": 64.125009, "activity_lines": [ 125.665778, 123.973885, 119.978145, 116.300852 ] }, { "date": "2024-03-29", "close": 129.508719, "volume": 422285, "typical_volume": 646775.4, "trend": 112.843837, "fair_value": 100.531824, "relative_strength": -2.136234, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.268992, "energy": 64.988258, "activity_lines": [ 127.155538, 125.311349, 121.256143, 117.409284 ] }, { "date": "2024-04-05", "close": 128.146283, "volume": 639795, "typical_volume": 638226.4, "trend": 113.540066, "fair_value": 100.804773, "relative_strength": -2.241358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.723888, "energy": 54.982728, "activity_lines": [ 127.679254, 126.09832, 122.277671, 118.396538 ] }, { "date": "2024-04-12", "close": 125.276472, "volume": 612146, "typical_volume": 652295.35, "trend": 114.0929, "fair_value": 101.048296, "relative_strength": -2.888331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.01922, "energy": 47.158103, "activity_lines": [ 126.928787, 126.24902, 122.92125, 119.153726 ] }, { "date": "2024-04-19", "close": 125.595339, "volume": 629400, "typical_volume": 645831.45, "trend": 114.79328, "fair_value": 101.29147, "relative_strength": 0.515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.920753, "energy": 42.395426, "activity_lines": [ 126.484949, 126.313191, 123.502863, 119.895819 ] }, { "date": "2024-04-26", "close": 123.208661, "volume": 800922, "typical_volume": 659978.65, "trend": 115.426871, "fair_value": 101.511058, "relative_strength": -3.781059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.493673, "energy": 30.318904, "activity_lines": [ 125.337024, 125.885807, 123.766921, 120.438746 ] }, { "date": "2024-05-03", "close": 123.662806, "volume": 797498, "typical_volume": 657583.6, "trend": 116.146771, "fair_value": 101.698834, "relative_strength": -3.821996, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.788514, "energy": 21.728887, "activity_lines": [ 124.442261, 125.516633, 124.003323, 120.970097 ] }, { "date": "2024-05-10", "close": 128.223585, "volume": 605799, "typical_volume": 658021.35, "trend": 116.966037, "fair_value": 101.928569, "relative_strength": -2.000675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.128635, "energy": 28.766109, "activity_lines": [ 125.457485, 125.943371, 124.623541, 121.749246 ] }, { "date": "2024-05-17", "close": 132.610435, "volume": 777902, "typical_volume": 679450.5, "trend": 117.992489, "fair_value": 102.207783, "relative_strength": -0.214724, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.755086, "energy": 45.009396, "activity_lines": [ 127.92984, 127.079701, 125.599505, 122.758562 ] }, { "date": "2024-05-24", "close": 131.953374, "volume": 820920, "typical_volume": 691754.55, "trend": 119.145766, "fair_value": 102.477883, "relative_strength": -0.506079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.635874, "energy": 53.111277, "activity_lines": [ 129.694243, 128.017858, 126.43206, 123.659265 ] }, { "date": "2024-05-31", "close": 133.306147, "volume": 1236139, "typical_volume": 729399.75, "trend": 120.109556, "fair_value": 102.768793, "relative_strength": 1.110753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.632515, "energy": 69.341133, "activity_lines": [ 131.485701, 129.11132, 127.30764, 124.572838 ] }, { "date": "2024-06-07", "close": 126.706546, "volume": 596016, "typical_volume": 733058.0, "trend": 120.903148, "fair_value": 103.013196, "relative_strength": -4.776527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.631954, "energy": 52.548956, "activity_lines": [ 130.404126, 128.849023, 127.455795, 124.99845 ] }, { "date": "2024-06-14", "close": 125.807918, "volume": 579691, "typical_volume": 701361.3, "trend": 121.557635, "fair_value": 103.304303, "relative_strength": -6.675677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.18681, "energy": 32.42193, "activity_lines": [ 128.820093, 128.474287, 127.45241, 125.314887 ] }, { "date": "2024-06-21", "close": 128.438218, "volume": 549847, "typical_volume": 692492.3, "trend": 122.309372, "fair_value": 103.596725, "relative_strength": -5.062181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.85702, "energy": 21.056921, "activity_lines": [ 128.273871, 128.620303, 127.680681, 125.758795 ] }, { "date": "2024-06-28", "close": 128.467336, "volume": 909631, "typical_volume": 703558.35, "trend": 123.036868, "fair_value": 103.905114, "relative_strength": -4.661057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.810839, "energy": 17.885735, "activity_lines": [ 128.015503, 128.714127, 127.858823, 126.156083 ] }, { "date": "2024-07-05", "close": 129.515573, "volume": 415589, "typical_volume": 682491.3, "trend": 123.743452, "fair_value": 104.221865, "relative_strength": -5.347529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.544738, "energy": 16.981492, "activity_lines": [ 128.33895, 128.946322, 128.108031, 126.574064 ] }, { "date": "2024-07-12", "close": 139.803831, "volume": 947451, "typical_volume": 704949.3, "trend": 124.6353, "fair_value": 104.598877, "relative_strength": 1.426215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.636574, "energy": 52.180302, "activity_lines": [ 132.344521, 130.934438, 129.30066, 127.610218 ] }, { "date": "2024-07-19", "close": 139.04677, "volume": 1051619, "typical_volume": 727155.2, "trend": 125.430414, "fair_value": 104.962412, "relative_strength": 3.119466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.789244, "energy": 67.84084, "activity_lines": [ 135.224586, 132.491433, 130.335599, 128.53999 ] }, { "date": "2024-07-26", "close": 135.804999, "volume": 1487927, "typical_volume": 770655.9, "trend": 126.10272, "fair_value": 105.291791, "relative_strength": 1.678105, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.194126, "energy": 63.522236, "activity_lines": [ 136.14147, 133.26223, 130.987206, 129.209318 ] }, { "date": "2024-08-02", "close": 130.554105, "volume": 941701, "typical_volume": 777760.1, "trend": 126.656747, "fair_value": 105.584342, "relative_strength": -0.005848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.369281, "energy": 52.974805, "activity_lines": [ 134.816938, 133.020236, 131.102903, 129.496504 ] }, { "date": "2024-08-09", "close": 133.417346, "volume": 730492, "typical_volume": 777638.5, "trend": 127.352705, "fair_value": 105.888443, "relative_strength": 2.306011, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.02484, "energy": 31.636005, "activity_lines": [ 134.307701, 133.324273, 131.47421, 129.932672 ] }, { "date": "2024-08-16", "close": 133.999701, "volume": 606850, "typical_volume": 786866.75, "trend": 128.057495, "fair_value": 106.240333, "relative_strength": -1.014879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.308124, "energy": 24.000744, "activity_lines": [ 133.732465, 133.732171, 131.859636, 130.36151 ] }, { "date": "2024-08-23", "close": 136.387353, "volume": 457788, "typical_volume": 777766.4, "trend": 128.542091, "fair_value": 106.575909, "relative_strength": -0.508317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.880724, "energy": 22.604874, "activity_lines": [ 134.340054, 134.441584, 132.451072, 130.89892 ] }, { "date": "2024-08-30", "close": 136.950295, "volume": 588720, "typical_volume": 776595.1, "trend": 129.196144, "fair_value": 106.923424, "relative_strength": -0.267466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.290486, "energy": 30.619705, "activity_lines": [ 135.312586, 135.060997, 133.056879, 131.441385 ] }, { "date": "2024-09-06", "close": 128.525571, "volume": 545669, "typical_volume": 772408.55, "trend": 129.399443, "fair_value": 107.228843, "relative_strength": -2.314885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.551874, "energy": 14.736554, "activity_lines": [ 133.400523, 133.993877, 132.804741, 131.398122 ] }, { "date": "2024-09-13", "close": 135.251762, "volume": 585188, "typical_volume": 761621.85, "trend": 129.845545, "fair_value": 107.585646, "relative_strength": -1.107588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.59384, "energy": 19.840478, "activity_lines": [ 133.865759, 134.148642, 133.17924, 131.775691 ] }, { "date": "2024-09-20", "close": 134.569509, "volume": 864674, "typical_volume": 764980.65, "trend": 130.270187, "fair_value": 107.927456, "relative_strength": -2.912535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.557566, "energy": 16.873386, "activity_lines": [ 133.981283, 134.075067, 133.431414, 132.080463 ] }, { "date": "2024-09-27", "close": 129.949682, "volume": 870685, "typical_volume": 778224.95, "trend": 130.48909, "fair_value": 108.219768, "relative_strength": -6.629084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.019111, "energy": 12.779955, "activity_lines": [ 132.518878, 133.256692, 133.191667, 132.059785 ] }, { "date": "2024-10-04", "close": 126.343489, "volume": 614397, "typical_volume": 770049.7, "trend": 130.424487, "fair_value": 108.489199, "relative_strength": -9.313802, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.132151, "energy": 12.916432, "activity_lines": [ 130.283586, 131.948048, 132.600254, 131.792327 ] }, { "date": "2024-10-11", "close": 129.774246, "volume": 809666, "typical_volume": 769487.0, "trend": 130.518048, "fair_value": 108.7559, "relative_strength": -7.769457, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.87634, "energy": 14.410161, "activity_lines": [ 129.899001, 131.435205, 132.365423, 131.750376 ] }, { "date": "2024-10-18", "close": 130.251823, "volume": 498090, "typical_volume": 732584.55, "trend": 130.70193, "fair_value": 109.037699, "relative_strength": -8.061663, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.608246, "energy": 19.428259, "activity_lines": [ 129.590363, 131.023374, 132.186452, 131.733201 ] }, { "date": "2024-10-25", "close": 134.316101, "volume": 1025292, "typical_volume": 754048.35, "trend": 130.862176, "fair_value": 109.339061, "relative_strength": -4.221027, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.388519, "energy": 14.779848, "activity_lines": [ 130.969813, 131.408057, 132.409099, 131.966373 ] }, { "date": "2024-11-01", "close": 134.696213, "volume": 549300, "typical_volume": 752528.8, "trend": 131.080507, "fair_value": 109.586925, "relative_strength": -2.546078, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.826302, "energy": 15.814107, "activity_lines": [ 132.492861, 131.856099, 132.631712, 132.21373 ] }, { "date": "2024-11-08", "close": 149.043017, "volume": 995009, "typical_volume": 774786.9, "trend": 131.872725, "fair_value": 109.925398, "relative_strength": 2.837965, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.920745, "energy": 60.800718, "activity_lines": [ 138.481742, 134.943399, 134.178361, 133.372602 ] }, { "date": "2024-11-15", "close": 147.688258, "volume": 709960, "typical_volume": 764803.35, "trend": 132.609156, "fair_value": 110.270587, "relative_strength": 3.956701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.18099, "energy": 74.448228, "activity_lines": [ 142.505735, 137.564511, 135.497868, 134.392959 ] }, { "date": "2024-11-22", "close": 157.493206, "volume": 887814, "typical_volume": 788414.6, "trend": 133.751974, "fair_value": 110.6791, "relative_strength": 8.793431, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.376762, "energy": 86.964475, "activity_lines": [ 148.603776, 141.619928, 137.659651, 135.998381 ] }, { "date": "2024-11-29", "close": 159.998049, "volume": 831422, "typical_volume": 782613.15, "trend": 134.963149, "fair_value": 111.109925, "relative_strength": 8.97293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.622735, "energy": 91.595214, "activity_lines": [ 153.720673, 145.726382, 139.926764, 137.691676 ] }, { "date": "2024-12-06", "close": 156.752475, "volume": 986551, "typical_volume": 779359.75, "trend": 135.914112, "fair_value": 111.50006, "relative_strength": 5.677234, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.926635, "energy": 87.280298, "activity_lines": [ 156.043581, 148.780394, 141.788612, 139.097439 ] }, { "date": "2024-12-13", "close": 157.795347, "volume": 939928, "typical_volume": 751959.8, "trend": 136.753609, "fair_value": 111.915313, "relative_strength": 6.862484, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.635872, "energy": 87.431333, "activity_lines": [ 157.243697, 151.536696, 143.665468, 140.509132 ] }, { "date": "2024-12-20", "close": 151.143919, "volume": 1317594, "typical_volume": 770754.45, "trend": 137.393293, "fair_value": 112.273047, "relative_strength": 4.196169, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.788316, "energy": 67.086929, "activity_lines": [ 155.643181, 152.511795, 144.804139, 141.437539 ] }, { "date": "2024-12-27", "close": 152.034036, "volume": 448287, "typical_volume": 756644.2, "trend": 138.017556, "fair_value": 112.629845, "relative_strength": 4.055563, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.688368, "energy": 50.508919, "activity_lines": [ 154.108993, 153.260194, 145.929535, 142.382103 ] }, { "date": "2025-01-03", "close": 150.742877, "volume": 544267, "typical_volume": 753515.05, "trend": 138.818768, "fair_value": 112.986015, "relative_strength": 3.639897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.656012, "energy": 37.653756, "activity_lines": [ 152.508364, 153.377797, 146.843314, 143.203092 ] }, { "date": "2025-01-10", "close": 146.693331, "volume": 521452, "typical_volume": 756698.25, "trend": 139.514948, "fair_value": 113.322927, "relative_strength": 2.73752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.421259, "energy": 24.683665, "activity_lines": [ 150.174897, 152.46045, 147.291692, 143.711128 ] }, { "date": "2025-01-17", "close": 151.310205, "volume": 741590, "typical_volume": 764341.75, "trend": 140.277347, "fair_value": 113.728154, "relative_strength": 2.809533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.575644, "energy": 21.943277, "activity_lines": [ 150.050998, 152.164405, 148.130696, 144.472112 ] }, { "date": "2025-01-24", "close": 163.722943, "volume": 823083, "typical_volume": 778212.45, "trend": 141.452534, "fair_value": 114.155789, "relative_strength": 9.205146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.978542, "energy": 42.400315, "activity_lines": [ 154.497021, 154.084, 150.083486, 145.984731 ] }, { "date": "2025-01-31", "close": 161.854674, "volume": 671522, "typical_volume": 782529.15, "trend": 142.530504, "fair_value": 114.579335, "relative_strength": 8.819846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.942255, "energy": 47.516567, "activity_lines": [ 157.481686, 155.37237, 151.690738, 147.300998 ] }, { "date": "2025-02-07", "close": 161.795985, "volume": 610559, "typical_volume": 769823.4, "trend": 143.263576, "fair_value": 115.013119, "relative_strength": 8.784989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.495984, "energy": 69.656103, "activity_lines": [ 159.792079, 156.57077, 153.16572, 148.543933 ] }, { "date": "2025-02-14", "close": 161.776422, "volume": 626857, "typical_volume": 757632.0, "trend": 144.021231, "fair_value": 115.423771, "relative_strength": 7.027108, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.728598, "energy": 74.829162, "activity_lines": [ 161.359078, 157.732923, 154.50919, 149.73831 ] }, { "date": "2025-02-21", "close": 158.411582, "volume": 496679, "typical_volume": 751746.1, "trend": 144.774784, "fair_value": 115.804316, "relative_strength": 6.332105, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.542085, "energy": 66.849229, "activity_lines": [ 160.798923, 158.191943, 155.380642, 150.66672 ] }, { "date": "2025-02-28", "close": 163.996825, "volume": 562151, "typical_volume": 739370.35, "trend": 145.889541, "fair_value": 116.17359, "relative_strength": 10.870598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.090295, "energy": 60.230238, "activity_lines": [ 161.627091, 159.655257, 156.631317, 151.906851 ] }, { "date": "2025-03-07", "close": 151.960901, "volume": 841749, "typical_volume": 756553.3, "trend": 146.50766, "fair_value": 116.433056, "relative_strength": 5.909456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.192135, "energy": 30.041459, "activity_lines": [ 158.425025, 158.696532, 156.572749, 152.298552 ] }, { "date": "2025-03-14", "close": 151.067533, "volume": 766344, "typical_volume": 743605.9, "trend": 147.076588, "fair_value": 116.666297, "relative_strength": 7.598388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.724566, "energy": 16.95645, "activity_lines": [ 155.584755, 157.576706, 156.325722, 152.592737 ] }, { "date": "2025-03-21", "close": 152.078708, "volume": 829235, "typical_volume": 757602.65, "trend": 147.599633, "fair_value": 116.892136, "relative_strength": 7.544275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.741097, "energy": 18.26653, "activity_lines": [ 153.796774, 156.634828, 156.095229, 152.915455 ] }, { "date": "2025-03-28", "close": 153.237141, "volume": 708802, "typical_volume": 743292.3, "trend": 148.142528, "fair_value": 117.14864, "relative_strength": 9.775209, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.278943, "energy": 18.571118, "activity_lines": [ 153.041451, 155.805657, 155.892288, 153.279165 ] }, { "date": "2025-04-04", "close": 143.135212, "volume": 1118387, "typical_volume": 763713.65, "trend": 148.629516, "fair_value": 117.369527, "relative_strength": 12.47846, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -15.269963, "energy": 25.301905, "activity_lines": [ 149.263781, 153.104737, 154.707287, 152.956112 ] }, { "date": "2025-04-11", "close": 145.30482, "volume": 1401277, "typical_volume": 789386.8, "trend": 148.964618, "fair_value": 117.602057, "relative_strength": 7.858471, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.852789, "energy": 34.115861, "activity_lines": [ 147.600088, 151.172614, 153.750597, 152.741616 ] }, { "date": "2025-04-18", "close": 144.431086, "volume": 876750, "typical_volume": 791653.2, "trend": 149.293337, "fair_value": 117.873737, "relative_strength": 8.598595, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.145698, "energy": 43.855818, "activity_lines": [ 146.088889, 149.382536, 152.768734, 152.44913 ] }, { "date": "2025-04-25", "close": 142.310564, "volume": 1175111, "typical_volume": 801081.2, "trend": 149.705366, "fair_value": 118.169901, "relative_strength": 2.194839, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.988891, "energy": 57.943861, "activity_lines": [ 144.313279, 147.522635, 151.659045, 151.998628 ] }, { "date": "2025-05-02", "close": 146.423984, "volume": 913354, "typical_volume": 799752.5, "trend": 150.374716, "fair_value": 118.471935, "relative_strength": 2.053921, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.999381, "energy": 40.521329, "activity_lines": [ 144.560019, 146.764552, 151.009881, 151.786926 ] }, { "date": "2025-05-09", "close": 143.233384, "volume": 730851, "typical_volume": 770415.35, "trend": 150.823354, "fair_value": 118.743803, "relative_strength": 0.224014, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.673315, "energy": 37.530008, "activity_lines": [ 144.197436, 145.644317, 150.111, 151.326195 ] }, { "date": "2025-05-16", "close": 147.651137, "volume": 931190, "typical_volume": 794560.5, "trend": 151.403331, "fair_value": 119.067587, "relative_strength": -1.838148, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.310021, "energy": 33.337056, "activity_lines": [ 145.300892, 145.704827, 149.670526, 151.121536 ] }, { "date": "2025-05-23", "close": 141.65281, "volume": 734137, "typical_volume": 804054.0, "trend": 151.647888, "fair_value": 119.339513, "relative_strength": -3.314832, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.54447, "energy": 35.030137, "activity_lines": [ 144.248485, 144.753091, 148.679654, 150.49247 ] }, { "date": "2025-05-30", "close": 156.329569, "volume": 1532202, "typical_volume": 854591.5, "trend": 152.369, "fair_value": 119.701648, "relative_strength": 4.767999, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.414507, "energy": 11.818136, "activity_lines": [ 148.27355, 146.641034, 149.129854, 150.794514 ] }, { "date": "2025-06-06", "close": 154.179595, "volume": 1178924, "typical_volume": 876458.2, "trend": 152.540219, "fair_value": 120.097135, "relative_strength": 1.514199, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.190669, "energy": 15.481054, "activity_lines": [ 150.647356, 148.060784, 149.329409, 150.911327 ] }, { "date": "2025-06-13", "close": 151.00863, "volume": 701085, "typical_volume": 870358.3, "trend": 152.650898, "fair_value": 120.514043, "relative_strength": -0.354935, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.022605, "energy": 18.367702, "activity_lines": [ 151.447133, 148.886859, 149.213303, 150.812514 ] }, { "date": "2025-06-20", "close": 150.643946, "volume": 766023, "typical_volume": 875083.35, "trend": 152.42259, "fair_value": 120.91813, "relative_strength": -0.545943, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.97434, "energy": 17.115358, "activity_lines": [ 151.606999, 149.503475, 149.123009, 150.683034 ] }, { "date": "2025-06-27", "close": 152.743342, "volume": 961037, "typical_volume": 892607.25, "trend": 152.180766, "fair_value": 121.329145, "relative_strength": -2.612219, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.382279, "energy": 13.892672, "activity_lines": [ 152.267143, 150.404724, 149.286043, 150.703727 ] }, { "date": "2025-07-04", "close": 156.942133, "volume": 608816, "typical_volume": 891705.2, "trend": 152.187088, "fair_value": 121.785287, "relative_strength": -1.711958, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.71785, "energy": 26.924188, "activity_lines": [ 153.587515, 151.918258, 149.892069, 151.010912 ] }, { "date": "2025-07-11", "close": 155.71995, "volume": 709790, "typical_volume": 902360.75, "trend": 152.117908, "fair_value": 122.219217, "relative_strength": -2.185909, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.011296, "energy": 32.415274, "activity_lines": [ 154.459655, 152.943549, 150.404717, 151.238839 ] }, { "date": "2025-07-18", "close": 151.787279, "volume": 758593, "typical_volume": 912182.85, "trend": 152.139353, "fair_value": 122.63213, "relative_strength": -5.153747, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.459947, "energy": 25.61121, "activity_lines": [ 153.918215, 153.08479, 150.555642, 151.217508 ] }, { "date": "2025-07-25", "close": 151.264894, "volume": 837779, "typical_volume": 911984.35, "trend": 152.113715, "fair_value": 123.001198, "relative_strength": -6.78632, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.683192, "energy": 14.832118, "activity_lines": [ 153.150736, 152.975528, 150.714957, 151.161091 ] }, { "date": "2025-08-01", "close": 147.085816, "volume": 1293578, "typical_volume": 938346.05, "trend": 151.991813, "fair_value": 123.340241, "relative_strength": -7.039006, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.010229, "energy": 10.445834, "activity_lines": [ 150.948835, 152.040728, 150.479579, 150.836711 ] }, { "date": "2025-08-08", "close": 149.086648, "volume": 617652, "typical_volume": 927766.9, "trend": 152.071591, "fair_value": 123.680967, "relative_strength": -7.925328, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.151172, "energy": 21.303521, "activity_lines": [ 149.791046, 151.370934, 150.453717, 150.649281 ] }, { "date": "2025-08-15", "close": 154.152795, "volume": 866627, "typical_volume": 935658.15, "trend": 152.166344, "fair_value": 124.06591, "relative_strength": -5.685857, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.975086, "energy": 9.898555, "activity_lines": [ 150.845672, 151.753947, 150.924593, 150.783552 ] }, { "date": "2025-08-22", "close": 164.058394, "volume": 694761, "typical_volume": 914476.85, "trend": 152.177525, "fair_value": 124.523577, "relative_strength": 0.018687, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.555702, "energy": 30.100314, "activity_lines": [ 155.306641, 153.938465, 152.334499, 151.550781 ] }, { "date": "2025-08-29", "close": 165.891668, "volume": 957581, "typical_volume": 892292.05, "trend": 152.312092, "fair_value": 125.029539, "relative_strength": 1.09145, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 75.888409, "energy": 72.604078, "activity_lines": [ 159.560628, 156.219037, 153.819368, 152.435564 ] }, { "date": "2025-09-05", "close": 165.231295, "volume": 608100, "typical_volume": 878859.55, "trend": 152.426602, "fair_value": 125.513356, "relative_strength": 0.238626, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.505703, "energy": 78.945894, "activity_lines": [ 162.619371, 158.102311, 155.143313, 153.269061 ] }, { "date": "2025-09-12", "close": 167.350403, "volume": 892670, "typical_volume": 864737.5, "trend": 152.612401, "fair_value": 126.005484, "relative_strength": -0.128661, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.664527, "energy": 82.865731, "activity_lines": [ 165.174785, 160.143823, 156.570028, 154.231887 ] }, { "date": "2025-09-19", "close": 170.206917, "volume": 1543043, "typical_volume": 896221.95, "trend": 153.005579, "fair_value": 126.549713, "relative_strength": 0.210126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.057226, "energy": 84.791479, "activity_lines": [ 167.464787, 162.51546, 158.149555, 155.367017 ] }, { "date": "2025-09-26", "close": 175.053862, "volume": 1059194, "typical_volume": 912639.1, "trend": 153.374147, "fair_value": 127.158983, "relative_strength": 3.090416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.153303, "energy": 87.686673, "activity_lines": [ 170.300163, 165.50496, 160.077444, 156.789487 ] }, { "date": "2025-10-03", "close": 173.945989, "volume": 749652, "typical_volume": 903562.2, "trend": 154.106983, "fair_value": 127.730493, "relative_strength": 1.028454, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.964259, "energy": 84.399565, "activity_lines": [ 172.033216, 167.87, 161.748295, 158.116703 ] }, { "date": "2025-10-10", "close": 167.318533, "volume": 618848, "typical_volume": 897797.75, "trend": 154.648683, "fair_value": 128.253858, "relative_strength": -0.631338, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.340457, "energy": 60.409331, "activity_lines": [ 171.020163, 168.617664, 162.662746, 158.969061 ] }, { "date": "2025-10-17", "close": 170.157458, "volume": 724132, "typical_volume": 857394.25, "trend": 155.251308, "fair_value": 128.77681, "relative_strength": -0.900917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.579243, "energy": 53.209176, "activity_lines": [ 170.814269, 169.513629, 163.725353, 159.969627 ] }, { "date": "2025-10-24", "close": 159.464503, "volume": 1179902, "typical_volume": 857443.15, "trend": 155.458887, "fair_value": 129.182068, "relative_strength": -8.896607, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.2228, "energy": 28.905464, "activity_lines": [ 166.856919, 168.082315, 163.703736, 160.241446 ] }, { "date": "2025-10-31", "close": 155.151711, "volume": 900255, "typical_volume": 867401.65, "trend": 155.859437, "fair_value": 129.539683, "relative_strength": -11.91184, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.272296, "energy": 19.35616, "activity_lines": [ 162.178133, 165.77028, 163.246211, 160.221628 ] }, { "date": "2025-11-07", "close": 153.400875, "volume": 1167324, "typical_volume": 887466.7, "trend": 156.129306, "fair_value": 129.868969, "relative_strength": -11.310841, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.645847, "energy": 21.27842, "activity_lines": [ 158.242545, 163.301851, 162.602211, 160.063011 ] }, { "date": "2025-11-14", "close": 155.54738, "volume": 804877, "typical_volume": 879658.7, "trend": 156.499849, "fair_value": 130.209364, "relative_strength": -10.0393, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.542803, "energy": 34.081486, "activity_lines": [ 156.392133, 161.450801, 162.149512, 160.025467 ] }, { "date": "2025-11-21", "close": 155.309978, "volume": 889478, "typical_volume": 893691.8, "trend": 156.933163, "fair_value": 130.530891, "relative_strength": -8.198802, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.783902, "energy": 34.116288, "activity_lines": [ 155.247331, 159.732659, 161.66085, 159.948702 ] }, { "date": "2025-11-28", "close": 158.198362, "volume": 633148, "typical_volume": 889859.7, "trend": 157.325642, "fair_value": 130.862802, "relative_strength": -9.572313, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.848513, "energy": 29.075995, "activity_lines": [ 156.055155, 158.758593, 161.455045, 160.030327 ] }, { "date": "2025-12-05", "close": 165.488564, "volume": 785954, "typical_volume": 891227.75, "trend": 158.067481, "fair_value": 131.264936, "relative_strength": -5.58292, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 29.478695, "energy": 16.469579, "activity_lines": [ 159.377456, 159.328357, 161.931743, 160.556967 ] }, { "date": "2025-12-12", "close": 166.606329, "volume": 832391, "typical_volume": 890958.35, "trend": 158.699321, "fair_value": 131.687513, "relative_strength": -4.253583, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.454777, "energy": 23.191057, "activity_lines": [ 162.383222, 160.275265, 162.44965, 161.107861 ] }, { "date": "2025-12-19", "close": 171.513649, "volume": 1151083, "typical_volume": 883833.6, "trend": 159.694682, "fair_value": 132.123997, "relative_strength": -1.502996, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.066646, "energy": 39.475648, "activity_lines": [ 166.144397, 162.247861, 163.361867, 161.934592 ] }, { "date": "2025-12-26", "close": 171.950449, "volume": 388000, "typical_volume": 872351.0, "trend": 160.215378, "fair_value": 132.582707, "relative_strength": -2.573635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.994926, "energy": 53.770184, "activity_lines": [ 168.986755, 164.223601, 164.19936, 162.725286 ] }, { "date": "2026-01-02", "close": 169.577829, "volume": 489623, "typical_volume": 853500.8, "trend": 160.728653, "fair_value": 132.997947, "relative_strength": -2.844974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.327806, "energy": 63.216302, "activity_lines": [ 169.928874, 165.735355, 164.702015, 163.329315 ] }, { "date": "2026-01-09", "close": 174.601033, "volume": 680684, "typical_volume": 852796.95, "trend": 161.515066, "fair_value": 133.433162, "relative_strength": -1.507606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.229414, "energy": 70.404007, "activity_lines": [ 171.786764, 167.976541, 165.609617, 164.224308 ] }, { "date": "2026-01-16", "close": 178.164927, "volume": 686246, "typical_volume": 839230.2, "trend": 162.432432, "fair_value": 133.9213, "relative_strength": 0.842188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.270004, "energy": 73.65764, "activity_lines": [ 174.22512, 170.512083, 166.806435, 165.298492 ] }, { "date": "2026-01-23", "close": 182.016713, "volume": 1002515, "typical_volume": 858950.95, "trend": 163.408211, "fair_value": 134.399573, "relative_strength": 3.450654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.255619, "energy": 79.691374, "activity_lines": [ 177.176832, 173.297694, 168.311646, 166.561994 ] }, { "date": "2026-01-30", "close": 180.587184, "volume": 1233136, "typical_volume": 875974.25, "trend": 164.19638, "fair_value": 134.851496, "relative_strength": 2.317429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.230768, "energy": 78.495705, "activity_lines": [ 178.95183, 175.342131, 169.60078, 167.670315 ] }, { "date": "2026-02-06", "close": 187.059772, "volume": 991541, "typical_volume": 848399.15, "trend": 165.24104, "fair_value": 135.380615, "relative_strength": 6.204747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.681507, "energy": 84.406413, "activity_lines": [ 182.308575, 178.103816, 171.443319, 169.145373 ] }, { "date": "2026-02-13", "close": 190.663375, "volume": 725172, "typical_volume": 831698.05, "trend": 166.53691, "fair_value": 135.933379, "relative_strength": 9.56641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.168658, "energy": 88.246497, "activity_lines": [ 185.701058, 180.995949, 173.548807, 170.785523 ] }, { "date": "2026-02-20", "close": 197.076399, "volume": 1335151, "typical_volume": 860973.0, "trend": 168.06396, "fair_value": 136.539113, "relative_strength": 11.832428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.619064, "energy": 89.966886, "activity_lines": [ 190.160393, 184.596362, 176.190727, 172.755813 ] }, { "date": "2026-02-27", "close": 182.83075, "volume": 1154241, "typical_volume": 887742.65, "trend": 169.255458, "fair_value": 137.056529, "relative_strength": 4.368743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.66552, "energy": 63.737171, "activity_lines": [ 188.610413, 185.052656, 177.365775, 173.708509 ] }, { "date": "2026-03-06", "close": 178.211138, "volume": 910879, "typical_volume": 897080.0, "trend": 170.226274, "fair_value": 137.574437, "relative_strength": 3.805713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.102745, "energy": 48.722333, "activity_lines": [ 185.466294, 184.463255, 178.026992, 174.286295 ] }, { "date": "2026-03-13", "close": 167.869951, "volume": 844989, "typical_volume": 880334.35, "trend": 170.683513, "fair_value": 138.035725, "relative_strength": -0.592738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.098907, "energy": 17.08439, "activity_lines": [ 179.033515, 181.879808, 177.664983, 174.134274 ] }, { "date": "2026-03-20", "close": 164.08416, "volume": 1309345, "typical_volume": 900788.85, "trend": 170.684372, "fair_value": 138.450182, "relative_strength": -0.906043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.861796, "energy": 21.789853, "activity_lines": [ 172.618128, 178.639087, 176.902396, 173.708509 ] }, { "date": "2026-03-27", "close": 166.973316, "volume": 754577, "typical_volume": 880151.5, "trend": 170.720427, "fair_value": 138.851413, "relative_strength": 3.262948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.261929, "energy": 33.271473, "activity_lines": [ 168.93774, 176.114883, 176.372432, 173.469086 ] }, { "date": "2026-04-03", "close": 173.648264, "volume": 786849, "typical_volume": 879250.1, "trend": 171.000992, "fair_value": 139.305406, "relative_strength": 4.001718, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.550294, "energy": 30.239723, "activity_lines": [ 169.489207, 175.00779, 176.413546, 173.657979 ] }, { "date": "2026-04-10", "close": 192.84621, "volume": 1303804, "typical_volume": 899966.4, "trend": 171.850853, "fair_value": 139.858683, "relative_strength": 11.410906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.169776, "energy": 19.846785, "activity_lines": [ 177.052155, 177.543386, 178.196842, 175.067348 ] }, { "date": "2026-04-17", "close": 197.767738, "volume": 966111, "typical_volume": 916614.55, "trend": 172.769547, "fair_value": 140.441623, "relative_strength": 9.310035, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.627381, "energy": 49.246717, "activity_lines": [ 185.279941, 180.750914, 180.27011, 176.739405 ] }, { "date": "2026-04-24", "close": 197.419047, "volume": 941139, "typical_volume": 924373.8, "trend": 173.515053, "fair_value": 141.014361, "relative_strength": 8.412872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.72938, "energy": 69.756085, "activity_lines": [ 191.398311, 183.700354, 182.121745, 178.329695 ] }, { "date": "2026-05-01", "close": 195.615815, "volume": 852927, "typical_volume": 925400.6, "trend": 174.23738, "fair_value": 141.574993, "relative_strength": 6.341211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.613664, "energy": 74.342609, "activity_lines": [ 194.693277, 186.199102, 183.649593, 179.755551 ] }, { "date": "2026-05-08", "close": 185.732907, "volume": 1281801, "typical_volume": 931936.5, "trend": 174.851193, "fair_value": 142.089726, "relative_strength": -1.317727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.979025, "energy": 67.708959, "activity_lines": [ 192.784441, 186.927515, 184.098071, 180.497198 ] }, { "date": "2026-05-15", "close": 172.024358, "volume": 1360316, "typical_volume": 980552.3, "trend": 174.913423, "fair_value": 142.501806, "relative_strength": -8.6648, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.389772, "energy": 21.870944, "activity_lines": [ 185.500446, 185.110697, 183.173262, 180.314821 ] }, { "date": "2026-05-22", "close": 169.035576, "volume": 984897, "typical_volume": 1005316.0, "trend": 175.232459, "fair_value": 142.853919, "relative_strength": -10.891139, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.077714, "energy": 13.248173, "activity_lines": [ 178.608314, 182.862952, 181.963456, 179.935605 ] }, { "date": "2026-05-29", "close": 168.447782, "volume": 672594, "typical_volume": 1004911.5, "trend": 175.675661, "fair_value": 143.179823, "relative_strength": -12.170646, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.835993, "energy": 31.423425, "activity_lines": [ 173.435728, 180.487141, 180.700251, 179.497884 ] }, { "date": "2026-06-05", "close": 170.420378, "volume": 1118719, "typical_volume": 1026535.15, "trend": 176.242978, "fair_value": 143.511559, "relative_strength": -8.65902, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.064637, "energy": 33.220928, "activity_lines": [ 170.852091, 178.390646, 179.654214, 179.158834 ] }, { "date": "2026-06-12", "close": 173.917254, "volume": 1342966, "typical_volume": 1043557.7, "trend": 176.855307, "fair_value": 143.862865, "relative_strength": -7.161713, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.788705, "energy": 45.361437, "activity_lines": [ 171.113776, 176.867273, 178.978091, 179.008787 ] }, { "date": "2026-06-19", "close": 177.17, "volume": 999447, "typical_volume": 1031873.25, "trend": 177.583974, "fair_value": 144.251392, "relative_strength": -6.16056, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.114003, "energy": 31.918551, "activity_lines": [ 173.247419, 175.930417, 178.650322, 179.02909 ] }, { "date": "2026-06-26", "close": 182.26, "volume": 1747251, "typical_volume": 1069658.75, "trend": 178.386029, "fair_value": 144.633331, "relative_strength": -1.105602, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.452987, "energy": 5.154049, "activity_lines": [ 176.734687, 176.204038, 178.823588, 179.330769 ] }, { "date": "2026-07-03", "close": 173.67, "volume": 1288784, "typical_volume": 1097839.35, "trend": 178.658743, "fair_value": 144.97053, "relative_strength": -7.619884, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.891946, "energy": 6.98092, "activity_lines": [ 176.476992, 175.197799, 178.201615, 179.026509 ] }, { "date": "2026-07-10", "close": 180.14, "volume": 902700, "typical_volume": 1076216.8, "trend": 179.109866, "fair_value": 145.333259, "relative_strength": -5.369263, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.116177, "energy": 6.907369, "activity_lines": [ 178.027817, 175.799725, 178.276753, 179.122074 ] }, { "date": "2026-07-17", "close": 178.48, "volume": 1028965, "typical_volume": 1069953.0, "trend": 179.342077, "fair_value": 145.674903, "relative_strength": -4.738434, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.092481, "energy": 15.352658, "activity_lines": [ 178.377333, 176.381212, 178.274445, 179.081438 ] }, { "date": "2026-07-24", "close": 184.63, "volume": 957894, "typical_volume": 1072303.75, "trend": 179.764729, "fair_value": 146.094025, "relative_strength": -0.948625, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.284951, "energy": 7.948693, "activity_lines": [ 180.472667, 178.212751, 178.878569, 179.422594 ] }, { "date": "2026-07-31", "close": 178.87, "volume": 1622250, "typical_volume": 1111166.8, "trend": 180.074468, "fair_value": 146.501573, "relative_strength": -5.081077, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.137288, "energy": 7.750995, "activity_lines": [ 180.150667, 178.767824, 178.903556, 179.364869 ] }, { "date": "2026-08-07", "close": 177.71, "volume": 1046665, "typical_volume": 1098032.8, "trend": 180.1781, "fair_value": 146.88782, "relative_strength": -8.84866, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.058609, "energy": 11.068155, "activity_lines": [ 179.668, 178.93318, 178.765686, 179.212323 ] } ], "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." } } }