{ "ticker": { "uuid": "a5619192-8de7-4df6-9441-22680177ed7b", "symbol": "STR", "name": "State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF", "exchange": "PAR", "country": "FR", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FCHI", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 48.102, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 45.101, "architecture_energy": 31.995, "architecture_maturity": 26.403, "architecture_confidence": 53.694, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 30.72, "rotation_up": 45.74, "upward_expansion": 50.48, "deceleration": 37.9, "rotation_down": 34.52, "downward_expansion": 13.48 }, "activity_lines": [ 161.125336, 160.968365, 158.683048, 157.213678 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 164.520004, "trend_reference": 157.238666, "distance_from_trend": 0.046308, "trend_direction": "Weakening", "fair_value": 167.184871, "distance_from_fair_value": -0.01594, "fair_value_direction": "Improving", "relative_strength": -5.552515, "relative_strength_direction": "Improving", "price_momentum": 0.018826, "excess_performance": -0.034485, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.046308, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.028003, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.01594, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.078256, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.055525, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.026239, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.018826, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 19.023578, "read": "Demand-led" } ], "volume": { "latest": 32029, "relative_activity": 9.254663, "balance": 19.023578, "dry_up": 2.658523, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.025192, "annualized_volatility": 0.214662, "from_high_reference": -0.077492, "from_low_reference": 0.185132 }, "levels": { "trend_reference": 157.238666, "fair_value_reference": 167.184871, "structural_low": 138.820007, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.027091, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.019025, "regime_survival": 0.4, "best_return": 0.127856, "worst_return": -0.075555, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.108352, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.031313, "regime_survival": 0.0, "best_return": 0.160945, "worst_return": -0.01832, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.078739, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.030858, "regime_survival": 0.0, "best_return": 0.099626, "worst_return": 0.057852, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.080964, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.040418, "regime_survival": 0.0, "best_return": 0.125167, "worst_return": 0.03676, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-10-04", "tenure": "Developing", "return": 0.064564, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.044929, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2024-12-06", "tenure": "New", "return": 0.065835, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2025-01-17", "tenure": "Developing", "return": 0.012313, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-03-14", "tenure": "Developing", "return": -0.05592, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.019161, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.005699, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-08-29", "tenure": "Established", "return": 0.005098, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-10-03", "tenure": "Developing", "return": 0.070191, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2026-01-30", "tenure": "Established", "return": -0.026784, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.0649, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-05-29", "tenure": "Developing", "return": 0.118553, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-19", "tenure": "New", "return": 0.033193, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.022244, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 164.580002, "volume": 1834, "typical_volume": 5824.95, "trend": 171.101333, "fair_value": 152.685, "relative_strength": 0.472819, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.18092, "energy": 24.456097, "activity_lines": [ 169.814668, 172.33091, 173.371524, 172.58172 ] }, { "date": "2023-08-25", "close": 164.839996, "volume": 1370, "typical_volume": 5302.05, "trend": 171.087333, "fair_value": 152.998461, "relative_strength": -0.318761, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.454251, "energy": 43.184029, "activity_lines": [ 167.419999, 170.723273, 172.531905, 172.177763 ] }, { "date": "2023-09-01", "close": 165.460007, "volume": 3290, "typical_volume": 5337.75, "trend": 170.912, "fair_value": 153.317949, "relative_strength": -0.903973, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.627331, "energy": 57.483111, "activity_lines": [ 165.982668, 169.477092, 171.766477, 171.81471 ] }, { "date": "2023-09-08", "close": 162.100006, "volume": 10965, "typical_volume": 5547.6, "trend": 170.833333, "fair_value": 153.599487, "relative_strength": -2.176277, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.119727, "energy": 63.720798, "activity_lines": [ 164.28667, 167.72473, 170.724382, 171.246194 ] }, { "date": "2023-09-15", "close": 165.759995, "volume": 3653, "typical_volume": 5476.5, "trend": 170.722666, "fair_value": 153.900641, "relative_strength": -1.861612, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.054222, "energy": 52.68067, "activity_lines": [ 164.522668, 166.916365, 170.088191, 170.918882 ] }, { "date": "2023-09-22", "close": 161.020004, "volume": 1903, "typical_volume": 5412.9, "trend": 170.653333, "fair_value": 154.191667, "relative_strength": -2.122734, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.603623, "energy": 61.978459, "activity_lines": [ 163.346669, 165.333092, 169.038001, 170.292904 ] }, { "date": "2023-09-29", "close": 157.639999, "volume": 2499, "typical_volume": 4629.3, "trend": 170.253333, "fair_value": 154.444872, "relative_strength": -3.521005, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.771644, "energy": 69.427798, "activity_lines": [ 161.281334, 163.462183, 167.732096, 169.453334 ] }, { "date": "2023-10-06", "close": 157.339996, "volume": 623, "typical_volume": 4208.2, "trend": 170.03, "fair_value": 154.672949, "relative_strength": -2.728122, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.431922, "energy": 73.200614, "activity_lines": [ 159.595999, 161.872364, 166.489905, 168.620215 ] }, { "date": "2023-10-13", "close": 153.339996, "volume": 8603, "typical_volume": 4454.2, "trend": 169.817333, "fair_value": 154.87, "relative_strength": -4.459469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.566908, "energy": 86.062307, "activity_lines": [ 157.118664, 159.937818, 164.960667, 167.543441 ] }, { "date": "2023-10-20", "close": 149.580002, "volume": 1128, "typical_volume": 4206.05, "trend": 169.353333, "fair_value": 155.048846, "relative_strength": -4.273917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.278793, "energy": 91.602523, "activity_lines": [ 153.971999, 157.673091, 163.16581, 166.237806 ] }, { "date": "2023-10-27", "close": 147.759995, "volume": 2001, "typical_volume": 3634.05, "trend": 168.598666, "fair_value": 155.26359, "relative_strength": -5.200154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.84578, "energy": 92.455438, "activity_lines": [ 151.297331, 155.417453, 161.307428, 164.844688 ] }, { "date": "2023-11-03", "close": 155.619995, "volume": 1930, "typical_volume": 3559.0, "trend": 168.185333, "fair_value": 155.46641, "relative_strength": -3.786039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.982907, "energy": 83.299626, "activity_lines": [ 152.126663, 154.896725, 160.310952, 164.007354 ] }, { "date": "2023-11-10", "close": 153.559998, "volume": 2737, "typical_volume": 3606.4, "trend": 167.485333, "fair_value": 155.614487, "relative_strength": -4.989351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.625757, "energy": 63.882818, "activity_lines": [ 152.403997, 154.169089, 159.227332, 163.063784 ] }, { "date": "2023-11-17", "close": 159.639999, "volume": 1542, "typical_volume": 3589.15, "trend": 167.001999, "fair_value": 155.78, "relative_strength": -3.818417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.430737, "energy": 42.627018, "activity_lines": [ 154.959998, 154.76327, 158.806856, 162.557634 ] }, { "date": "2023-11-24", "close": 160.479996, "volume": 1910, "typical_volume": 3341.6, "trend": 166.563999, "fair_value": 155.944359, "relative_strength": -4.113556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.543795, "energy": 25.994348, "activity_lines": [ 157.375997, 155.554906, 158.551046, 162.136859 ] }, { "date": "2023-12-01", "close": 161.259995, "volume": 1083, "typical_volume": 3193.9, "trend": 166.108666, "fair_value": 156.109359, "relative_strength": -4.327315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.932792, "energy": 26.863051, "activity_lines": [ 159.32533, 156.58436, 158.417427, 161.794665 ] }, { "date": "2023-12-08", "close": 167.360001, "volume": 5053, "typical_volume": 3208.0, "trend": 165.786666, "fair_value": 156.318589, "relative_strength": -3.079447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.354463, "energy": 23.492672, "activity_lines": [ 162.407998, 158.718543, 158.949236, 161.875397 ] }, { "date": "2023-12-15", "close": 169.940002, "volume": 6688, "typical_volume": 3083.8, "trend": 165.549333, "fair_value": 156.522564, "relative_strength": -2.501922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.127337, "energy": 43.272418, "activity_lines": [ 165.567999, 161.145089, 159.76838, 162.143354 ] }, { "date": "2023-12-22", "close": 165.940002, "volume": 3752, "typical_volume": 3157.15, "trend": 165.322, "fair_value": 156.699102, "relative_strength": -4.435526, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.16516, "energy": 39.003154, "activity_lines": [ 166.302667, 162.615272, 160.246761, 162.168558 ] }, { "date": "2023-12-29", "close": 165.759995, "volume": 581, "typical_volume": 3157.25, "trend": 165.092666, "fair_value": 156.867436, "relative_strength": -4.189403, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.366205, "energy": 49.922341, "activity_lines": [ 166.557332, 163.823635, 160.74057, 162.196816 ] }, { "date": "2024-01-05", "close": 161.080002, "volume": 3164, "typical_volume": 3223.75, "trend": 164.743333, "fair_value": 156.989615, "relative_strength": -5.274387, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.581695, "energy": 33.114277, "activity_lines": [ 164.9, 163.886908, 160.800665, 161.937935 ] }, { "date": "2024-01-12", "close": 159.699997, "volume": 1101, "typical_volume": 3210.3, "trend": 164.115999, "fair_value": 157.123333, "relative_strength": -6.523736, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -24.165871, "energy": 13.52217, "activity_lines": [ 162.794666, 163.45709, 160.745999, 161.612558 ] }, { "date": "2024-01-19", "close": 158.460007, "volume": 4898, "typical_volume": 3290.7, "trend": 163.690666, "fair_value": 157.231795, "relative_strength": -5.961797, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -40.322137, "energy": 27.503312, "activity_lines": [ 160.786668, 162.727637, 160.597714, 161.247655 ] }, { "date": "2024-01-26", "close": 168.919998, "volume": 1608, "typical_volume": 2822.85, "trend": 163.407333, "fair_value": 157.435513, "relative_strength": -3.106839, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.621661, "energy": 13.82197, "activity_lines": [ 163.030667, 163.810909, 161.478952, 161.585032 ] }, { "date": "2024-02-02", "close": 171.179993, "volume": 2283, "typical_volume": 2754.35, "trend": 163.428666, "fair_value": 157.601154, "relative_strength": -1.18122, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 43.596506, "energy": 28.640007, "activity_lines": [ 165.829332, 165.136363, 162.542951, 162.086494 ] }, { "date": "2024-02-09", "close": 176.080002, "volume": 722, "typical_volume": 2695.3, "trend": 163.331333, "fair_value": 157.793846, "relative_strength": 0.916563, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 54.744119, "energy": 69.628854, "activity_lines": [ 169.899999, 167.158181, 164.047809, 162.902709 ] }, { "date": "2024-02-16", "close": 178.720001, "volume": 4658, "typical_volume": 2803.25, "trend": 163.418666, "fair_value": 157.989743, "relative_strength": 0.839009, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 83.823256, "energy": 91.506961, "activity_lines": [ 173.850666, 169.390545, 165.73238, 163.895526 ] }, { "date": "2024-02-23", "close": 183.059998, "volume": 9495, "typical_volume": 3246.85, "trend": 163.574666, "fair_value": 158.237051, "relative_strength": 0.690001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.781997, "energy": 94.470677, "activity_lines": [ 177.979999, 172.205454, 167.729904, 165.162709 ] }, { "date": "2024-03-01", "close": 183.199997, "volume": 4445, "typical_volume": 3038.95, "trend": 163.921999, "fair_value": 158.477436, "relative_strength": 1.179573, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.925398, "energy": 93.058018, "activity_lines": [ 180.515998, 174.807272, 169.618285, 166.428859 ] }, { "date": "2024-03-08", "close": 182.139999, "volume": 5149, "typical_volume": 3240.0, "trend": 164.383999, "fair_value": 158.658333, "relative_strength": -0.579187, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.604809, "energy": 89.371164, "activity_lines": [ 181.746665, 176.902544, 171.263523, 167.604214 ] }, { "date": "2024-03-15", "close": 186.100006, "volume": 2796, "typical_volume": 3279.75, "trend": 165.101333, "fair_value": 158.862564, "relative_strength": -0.091372, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.256869, "energy": 91.516929, "activity_lines": [ 183.566668, 179.42, 173.130857, 169.005247 ] }, { "date": "2024-03-22", "close": 183.919998, "volume": 2583, "typical_volume": 3312.4, "trend": 165.737333, "fair_value": 159.056795, "relative_strength": -1.048999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.687918, "energy": 76.911422, "activity_lines": [ 183.992, 181.086182, 174.608, 170.219354 ] }, { "date": "2024-03-29", "close": 186.419998, "volume": 4791, "typical_volume": 3415.1, "trend": 166.435999, "fair_value": 159.241666, "relative_strength": -0.316143, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.506024, "energy": 68.522513, "activity_lines": [ 184.904, 182.766545, 176.188476, 171.55372 ] }, { "date": "2024-04-05", "close": 182.179993, "volume": 1065, "typical_volume": 3391.25, "trend": 167.105332, "fair_value": 159.38923, "relative_strength": -0.808786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.247909, "energy": 63.992178, "activity_lines": [ 184.178664, 183.167635, 177.208666, 172.569461 ] }, { "date": "2024-04-12", "close": 179.160004, "volume": 5145, "typical_volume": 3553.0, "trend": 167.551999, "fair_value": 159.487307, "relative_strength": -1.767971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.767116, "energy": 50.814603, "activity_lines": [ 182.514666, 182.778545, 177.833904, 173.347182 ] }, { "date": "2024-04-19", "close": 179.320007, "volume": 6056, "typical_volume": 3801.65, "trend": 168.161999, "fair_value": 159.59782, "relative_strength": -1.769864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.393279, "energy": 39.728788, "activity_lines": [ 181.102668, 182.273455, 178.385429, 174.106408 ] }, { "date": "2024-04-26", "close": 181.699997, "volume": 1942, "typical_volume": 3646.1, "trend": 168.963999, "fair_value": 159.735769, "relative_strength": -1.216882, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.801758, "energy": 31.64148, "activity_lines": [ 180.936001, 182.142182, 179.077619, 174.979827 ] }, { "date": "2024-05-03", "close": 179.639999, "volume": 791, "typical_volume": 3351.25, "trend": 169.707332, "fair_value": 159.847179, "relative_strength": -0.65259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.434713, "energy": 24.938723, "activity_lines": [ 180.230667, 181.582182, 179.505333, 175.668602 ] }, { "date": "2024-05-10", "close": 181.5, "volume": 357, "typical_volume": 3181.5, "trend": 170.645999, "fair_value": 159.984231, "relative_strength": -2.670823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.765597, "energy": 27.316122, "activity_lines": [ 180.597334, 181.422545, 180.064, 176.429419 ] }, { "date": "2024-05-17", "close": 183.759995, "volume": 1629, "typical_volume": 3233.9, "trend": 171.785332, "fair_value": 160.122692, "relative_strength": -0.740429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.765086, "energy": 41.299392, "activity_lines": [ 181.762665, 181.704726, 180.763809, 177.275483 ] }, { "date": "2024-05-24", "close": 179.660004, "volume": 8783, "typical_volume": 3514.85, "trend": 172.848666, "fair_value": 160.199615, "relative_strength": -1.968319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.367646, "energy": 31.826438, "activity_lines": [ 181.254666, 181.212, 180.987428, 177.783527 ] }, { "date": "2024-05-31", "close": 178.059998, "volume": 5376, "typical_volume": 3728.6, "trend": 173.596666, "fair_value": 160.247436, "relative_strength": -1.477475, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.664398, "energy": 19.214495, "activity_lines": [ 180.190666, 180.545454, 180.97019, 178.119742 ] }, { "date": "2024-06-07", "close": 181.279999, "volume": 2011, "typical_volume": 3584.25, "trend": 174.520666, "fair_value": 160.308205, "relative_strength": 0.288588, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.593519, "energy": 17.918886, "activity_lines": [ 180.442666, 180.570909, 181.17219, 178.61544 ] }, { "date": "2024-06-14", "close": 174.199997, "volume": 3640, "typical_volume": 3685.85, "trend": 175.005999, "fair_value": 160.341923, "relative_strength": 2.857589, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.294445, "energy": 14.67346, "activity_lines": [ 178.225332, 179.402545, 180.591237, 178.594752 ] }, { "date": "2024-06-21", "close": 175.539993, "volume": 229, "typical_volume": 3583.15, "trend": 175.507999, "fair_value": 160.373205, "relative_strength": 2.02382, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.395201, "energy": 18.368221, "activity_lines": [ 176.94133, 178.622907, 180.112761, 178.629203 ] }, { "date": "2024-06-28", "close": 173.520004, "volume": 5221, "typical_volume": 3808.1, "trend": 175.916666, "fair_value": 160.4, "relative_strength": 2.929243, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.736231, "energy": 41.161206, "activity_lines": [ 175.531999, 177.541817, 179.421142, 178.500946 ] }, { "date": "2024-07-05", "close": 174.199997, "volume": 3237, "typical_volume": 3737.05, "trend": 176.144666, "fair_value": 160.443718, "relative_strength": 0.801461, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.259173, "energy": 47.023481, "activity_lines": [ 174.758665, 176.689817, 178.806475, 178.390193 ] }, { "date": "2024-07-12", "close": 178.160004, "volume": 2719, "typical_volume": 3398.25, "trend": 176.418666, "fair_value": 160.532435, "relative_strength": 2.548761, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.87864, "energy": 29.121637, "activity_lines": [ 175.562667, 176.694181, 178.590476, 178.520214 ] }, { "date": "2024-07-19", "close": 170.740005, "volume": 1153, "typical_volume": 3233.65, "trend": 176.578666, "fair_value": 160.544487, "relative_strength": 0.842427, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.256671, "energy": 42.606433, "activity_lines": [ 174.101336, 175.376364, 177.691143, 178.153849 ] }, { "date": "2024-07-26", "close": 167.559998, "volume": 1149, "typical_volume": 3033.65, "trend": 176.638666, "fair_value": 160.54423, "relative_strength": -0.680618, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.65736, "energy": 55.433688, "activity_lines": [ 171.810668, 173.676, 176.548285, 177.572 ] }, { "date": "2024-08-02", "close": 162.479996, "volume": 1780, "typical_volume": 2982.85, "trend": 176.685333, "fair_value": 160.490641, "relative_strength": -0.056688, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -87.21495, "energy": 83.431665, "activity_lines": [ 168.358666, 171.346545, 174.991047, 176.658537 ] }, { "date": "2024-08-09", "close": 161.699997, "volume": 168988, "typical_volume": 11303.1, "trend": 176.751999, "fair_value": 160.420128, "relative_strength": -0.723366, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.336723, "energy": 88.806808, "activity_lines": [ 165.382665, 169.187635, 173.471999, 175.691741 ] }, { "date": "2024-08-16", "close": 167.320007, "volume": 676, "typical_volume": 11097.35, "trend": 177.047333, "fair_value": 160.461153, "relative_strength": 0.289258, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.934847, "energy": 80.316984, "activity_lines": [ 165.113334, 168.348001, 172.594, 175.083226 ] }, { "date": "2024-08-23", "close": 171.940002, "volume": 74, "typical_volume": 11047.8, "trend": 177.148, "fair_value": 160.516795, "relative_strength": 1.335856, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.445632, "energy": 62.08866, "activity_lines": [ 167.106668, 168.602183, 172.246953, 174.75372 ] }, { "date": "2024-08-30", "close": 172.860001, "volume": 63, "typical_volume": 10793.7, "trend": 177.204, "fair_value": 160.567948, "relative_strength": 1.160362, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.055557, "energy": 34.320946, "activity_lines": [ 169.326668, 169.064728, 172.036286, 174.477075 ] }, { "date": "2024-09-06", "close": 163.160004, "volume": 37393, "typical_volume": 12360.55, "trend": 176.773333, "fair_value": 160.550512, "relative_strength": -0.880779, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.384122, "energy": 35.098435, "activity_lines": [ 167.960003, 167.812365, 170.93181, 173.571011 ] }, { "date": "2024-09-13", "close": 164.240005, "volume": 17500, "typical_volume": 13138.45, "trend": 176.290667, "fair_value": 160.562436, "relative_strength": -1.695142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.592865, "energy": 38.881519, "activity_lines": [ 166.908004, 166.94473, 170.007144, 172.762409 ] }, { "date": "2024-09-20", "close": 163.360001, "volume": 7741, "typical_volume": 13485.95, "trend": 175.634, "fair_value": 160.563205, "relative_strength": -2.625512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.258145, "energy": 46.561062, "activity_lines": [ 165.393336, 166.098184, 169.081811, 171.928173 ] }, { "date": "2024-09-27", "close": 179.100006, "volume": 4135, "typical_volume": 13674.85, "trend": 175.497334, "fair_value": 160.682436, "relative_strength": 2.683624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.884863, "energy": 17.300574, "activity_lines": [ 169.389337, 168.382548, 169.733049, 172.151786 ] }, { "date": "2024-10-04", "close": 172.139999, "volume": 5438, "typical_volume": 13865.3, "trend": 175.164, "fair_value": 160.755, "relative_strength": 1.923271, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.395298, "energy": 15.323914, "activity_lines": [ 170.588002, 169.249457, 169.732859, 171.935184 ] }, { "date": "2024-10-11", "close": 171.380005, "volume": 2182, "typical_volume": 13535.25, "trend": 174.673334, "fair_value": 160.78282, "relative_strength": 0.921623, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.753186, "energy": 15.50718, "activity_lines": [ 171.581336, 169.894912, 169.715621, 171.691055 ] }, { "date": "2024-10-18", "close": 171.179993, "volume": 7566, "typical_volume": 13644.75, "trend": 174.248667, "fair_value": 160.802948, "relative_strength": 0.291787, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.380312, "energy": 19.307458, "activity_lines": [ 171.96, 170.342183, 169.718763, 171.465678 ] }, { "date": "2024-10-25", "close": 171.5, "volume": 3226, "typical_volume": 13705.5, "trend": 173.751334, "fair_value": 160.81282, "relative_strength": 1.928499, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.71179, "energy": 12.666854, "activity_lines": [ 171.982666, 170.675274, 169.785144, 171.288345 ] }, { "date": "2024-11-01", "close": 168.380005, "volume": 4221, "typical_volume": 13734.55, "trend": 173.291334, "fair_value": 160.775897, "relative_strength": 1.212696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.495972, "energy": 9.812956, "activity_lines": [ 170.422668, 170.365092, 169.600954, 170.941808 ] }, { "date": "2024-11-08", "close": 165.059998, "volume": 3832, "typical_volume": 13914.7, "trend": 172.821334, "fair_value": 160.707692, "relative_strength": 0.109799, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.960258, "energy": 28.533129, "activity_lines": [ 168.470667, 169.516001, 169.128287, 170.410754 ] }, { "date": "2024-11-15", "close": 163.679993, "volume": 88562, "typical_volume": 18081.75, "trend": 172.3, "fair_value": 160.611025, "relative_strength": 0.177262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.874557, "energy": 48.651629, "activity_lines": [ 166.530664, 168.557817, 168.574096, 169.82099 ] }, { "date": "2024-11-22", "close": 163.440002, "volume": 15495, "typical_volume": 18694.65, "trend": 171.691334, "fair_value": 160.598461, "relative_strength": 0.187159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.943724, "energy": 58.550767, "activity_lines": [ 165.023999, 167.546545, 168.043905, 169.249377 ] }, { "date": "2024-11-29", "close": 165.059998, "volume": 2450, "typical_volume": 18681.2, "trend": 171.205334, "fair_value": 160.597948, "relative_strength": 1.383742, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.411144, "energy": 58.690385, "activity_lines": [ 164.573332, 166.844363, 167.719238, 168.821549 ] }, { "date": "2024-12-06", "close": 174.199997, "volume": 866, "typical_volume": 18666.85, "trend": 170.962, "fair_value": 160.62, "relative_strength": 4.126437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.064415, "energy": 18.179564, "activity_lines": [ 167.598664, 167.773089, 168.327428, 169.014753 ] }, { "date": "2024-12-13", "close": 175.419998, "volume": 126385, "typical_volume": 24928.65, "trend": 170.684, "fair_value": 160.678205, "relative_strength": 4.983665, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.129327, "energy": 10.477793, "activity_lines": [ 170.642665, 169.012726, 169.035333, 169.302366 ] }, { "date": "2024-12-20", "close": 172.039993, "volume": 6029, "typical_volume": 25141.1, "trend": 170.43, "fair_value": 160.681923, "relative_strength": 4.718752, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.33202, "energy": 20.894055, "activity_lines": [ 171.86933, 169.578179, 169.383904, 169.389849 ] }, { "date": "2024-12-27", "close": 171.960007, "volume": 4561, "typical_volume": 16919.75, "trend": 170.226667, "fair_value": 160.683589, "relative_strength": 3.39535, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.793182, "energy": 33.445786, "activity_lines": [ 172.512, 170.11709, 169.679333, 169.488559 ] }, { "date": "2025-01-03", "close": 168.679993, "volume": 737, "typical_volume": 16922.8, "trend": 169.806667, "fair_value": 160.66282, "relative_strength": 2.31522, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.825336, "energy": 32.817393, "activity_lines": [ 171.493331, 170.045452, 169.613523, 169.388774 ] }, { "date": "2025-01-10", "close": 171.0, "volume": 1577, "typical_volume": 16997.95, "trend": 169.7, "fair_value": 160.676795, "relative_strength": 1.505645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.473607, "energy": 17.140875, "activity_lines": [ 171.006665, 170.446907, 169.762189, 169.465763 ] }, { "date": "2025-01-17", "close": 177.580002, "volume": 1412, "typical_volume": 17065.4, "trend": 169.768, "fair_value": 160.735128, "relative_strength": 1.468555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.174728, "energy": 45.98703, "activity_lines": [ 172.926666, 171.99709, 170.541999, 169.97415 ] }, { "date": "2025-01-24", "close": 183.119995, "volume": 12590, "typical_volume": 15825.25, "trend": 170.088, "fair_value": 160.859743, "relative_strength": 1.674759, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.371377, "energy": 68.527137, "activity_lines": [ 176.549332, 174.326907, 171.826951, 170.835569 ] }, { "date": "2025-01-31", "close": 186.259995, "volume": 436, "typical_volume": 14972.05, "trend": 170.49, "fair_value": 161.017051, "relative_strength": 3.047948, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.631473, "energy": 87.205958, "activity_lines": [ 180.479997, 176.874179, 173.315903, 171.878924 ] }, { "date": "2025-02-07", "close": 185.979996, "volume": 10751, "typical_volume": 15122.55, "trend": 170.750666, "fair_value": 161.167307, "relative_strength": 2.571856, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.847466, "energy": 89.179203, "activity_lines": [ 183.363997, 178.955634, 174.673331, 172.878278 ] }, { "date": "2025-02-14", "close": 192.440002, "volume": 3981, "typical_volume": 15114.85, "trend": 171.474, "fair_value": 161.376282, "relative_strength": 3.421976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.773035, "energy": 94.775159, "activity_lines": [ 187.247998, 181.831271, 176.538284, 174.27759 ] }, { "date": "2025-02-21", "close": 189.679993, "volume": 4806, "typical_volume": 15083.25, "trend": 172.211333, "fair_value": 161.607564, "relative_strength": 2.214668, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.285381, "energy": 89.400031, "activity_lines": [ 188.782663, 183.873452, 178.076855, 175.452171 ] }, { "date": "2025-02-28", "close": 187.679993, "volume": 3584, "typical_volume": 15153.35, "trend": 173.051333, "fair_value": 161.957692, "relative_strength": 1.667491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.207254, "energy": 81.847117, "activity_lines": [ 188.843995, 185.292724, 179.341426, 176.450149 ] }, { "date": "2025-03-07", "close": 178.300003, "volume": 13601, "typical_volume": 15455.1, "trend": 173.604666, "fair_value": 162.227564, "relative_strength": -3.463054, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.052741, "energy": 54.317788, "activity_lines": [ 185.474664, 184.722179, 179.635045, 176.788773 ] }, { "date": "2025-03-14", "close": 172.880005, "volume": 10225, "typical_volume": 15805.05, "trend": 173.789999, "fair_value": 162.40282, "relative_strength": -5.217897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.696881, "energy": 18.48939, "activity_lines": [ 180.829334, 183.050908, 179.37857, 176.74202 ] }, { "date": "2025-03-21", "close": 171.179993, "volume": 1336, "typical_volume": 15660.8, "trend": 173.764666, "fair_value": 162.588846, "relative_strength": -6.219645, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.611166, "energy": 23.441889, "activity_lines": [ 176.490665, 180.99418, 178.953617, 176.573633 ] }, { "date": "2025-03-28", "close": 167.899994, "volume": 104, "typical_volume": 15474.4, "trend": 173.599332, "fair_value": 162.741538, "relative_strength": -6.422793, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.116584, "energy": 39.478381, "activity_lines": [ 172.475997, 178.337815, 178.20295, 176.195267 ] }, { "date": "2025-04-04", "close": 154.419998, "volume": 2341, "typical_volume": 11163.35, "trend": 173.307999, "fair_value": 162.823205, "relative_strength": -6.241786, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -54.465965, "energy": 58.610262, "activity_lines": [ 165.419997, 173.406543, 176.15495, 174.95789 ] }, { "date": "2025-04-11", "close": 151.759995, "volume": 2330, "typical_volume": 10505.1, "trend": 172.891998, "fair_value": 162.885, "relative_strength": -5.569563, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.76602, "energy": 79.041895, "activity_lines": [ 159.694663, 168.513451, 173.897712, 173.567697 ] }, { "date": "2025-04-18", "close": 153.539993, "volume": 4592, "typical_volume": 10612.2, "trend": 172.564665, "fair_value": 162.968589, "relative_strength": -6.734801, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.232496, "energy": 92.0738, "activity_lines": [ 156.331995, 164.571269, 171.865616, 172.31918 ] }, { "date": "2025-04-25", "close": 160.860001, "volume": 2441, "typical_volume": 10690.95, "trend": 171.956665, "fair_value": 163.105256, "relative_strength": -5.444833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.903729, "energy": 87.319236, "activity_lines": [ 156.698663, 162.549815, 170.585521, 171.56404 ] }, { "date": "2025-05-02", "close": 162.660004, "volume": 591, "typical_volume": 4401.25, "trend": 171.640665, "fair_value": 163.310897, "relative_strength": -7.138907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.35582, "energy": 72.08106, "activity_lines": [ 158.353333, 161.429816, 169.540379, 170.964256 ] }, { "date": "2025-05-09", "close": 164.440002, "volume": 107596, "typical_volume": 9479.6, "trend": 171.409331, "fair_value": 163.503846, "relative_strength": -5.730526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.110778, "energy": 48.571157, "activity_lines": [ 160.950667, 161.124726, 168.725522, 170.499697 ] }, { "date": "2025-05-16", "close": 172.679993, "volume": 10808, "typical_volume": 9791.95, "trend": 171.459331, "fair_value": 163.77141, "relative_strength": -2.750782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.35068, "energy": 24.415665, "activity_lines": [ 165.626665, 162.740362, 168.731617, 170.581675 ] }, { "date": "2025-05-23", "close": 166.020004, "volume": 2874, "typical_volume": 9898.8, "trend": 171.276665, "fair_value": 163.951923, "relative_strength": -4.601153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.736484, "energy": 28.024652, "activity_lines": [ 166.688, 163.247272, 168.099998, 170.230751 ] }, { "date": "2025-05-30", "close": 167.100006, "volume": 8742, "typical_volume": 10257.05, "trend": 171.233998, "fair_value": 164.124102, "relative_strength": -4.138104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.712382, "energy": 27.083547, "activity_lines": [ 167.277336, 164.075273, 167.583904, 169.961289 ] }, { "date": "2025-06-06", "close": 164.820007, "volume": 584, "typical_volume": 10215.65, "trend": 171.225999, "fair_value": 164.317948, "relative_strength": -5.9643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.944164, "energy": 24.837342, "activity_lines": [ 166.690671, 164.562911, 166.869238, 169.547483 ] }, { "date": "2025-06-13", "close": 160.539993, "volume": 29780, "typical_volume": 11075.15, "trend": 171.121332, "fair_value": 164.528589, "relative_strength": -6.788021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.751383, "energy": 29.244615, "activity_lines": [ 164.533334, 164.328364, 165.807714, 168.858063 ] }, { "date": "2025-06-20", "close": 157.100006, "volume": 375, "typical_volume": 11072.1, "trend": 170.909999, "fair_value": 164.688589, "relative_strength": -7.459799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.891845, "energy": 45.378446, "activity_lines": [ 161.489336, 163.357093, 164.526095, 167.953462 ] }, { "date": "2025-06-27", "close": 160.199997, "volume": 2395, "typical_volume": 10654.3, "trend": 170.747999, "fair_value": 164.878461, "relative_strength": -6.693551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.610494, "energy": 52.59515, "activity_lines": [ 160.517334, 162.852365, 163.678571, 167.262494 ] }, { "date": "2025-07-04", "close": 162.0, "volume": 3554, "typical_volume": 10632.95, "trend": 170.341332, "fair_value": 165.050512, "relative_strength": -5.569117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.214822, "energy": 58.099989, "activity_lines": [ 160.533333, 162.553819, 163.125238, 166.698107 ] }, { "date": "2025-07-11", "close": 167.839996, "volume": 2915, "typical_volume": 10538.4, "trend": 170.088665, "fair_value": 165.266923, "relative_strength": -3.691952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.683279, "energy": 28.950695, "activity_lines": [ 162.835998, 163.296364, 163.273047, 166.53673 ] }, { "date": "2025-07-18", "close": 162.240005, "volume": 2867, "typical_volume": 10502.55, "trend": 169.761999, "fair_value": 165.402435, "relative_strength": -6.671576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.547191, "energy": 22.542771, "activity_lines": [ 163.070667, 162.926546, 162.991524, 166.030365 ] }, { "date": "2025-07-25", "close": 166.479996, "volume": 1002, "typical_volume": 9872.6, "trend": 169.579332, "fair_value": 165.537692, "relative_strength": -4.292023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.190109, "energy": 14.123575, "activity_lines": [ 164.605332, 163.367636, 163.234952, 165.818623 ] }, { "date": "2025-08-01", "close": 155.220001, "volume": 2067, "typical_volume": 9464.7, "trend": 169.130666, "fair_value": 165.594871, "relative_strength": -7.207112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.609267, "energy": 30.195624, "activity_lines": [ 161.761333, 161.874182, 162.462286, 164.892215 ] }, { "date": "2025-08-08", "close": 157.839996, "volume": 11001, "typical_volume": 9947.95, "trend": 168.691999, "fair_value": 165.647948, "relative_strength": -7.891126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.754312, "energy": 37.255922, "activity_lines": [ 160.122665, 161.053454, 162.023238, 164.163784 ] }, { "date": "2025-08-15", "close": 159.460007, "volume": 163, "typical_volume": 9950.9, "trend": 168.087999, "fair_value": 165.728974, "relative_strength": -8.880119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.010137, "energy": 44.887715, "activity_lines": [ 159.301335, 160.695637, 161.802, 163.568172 ] }, { "date": "2025-08-22", "close": 163.619995, "volume": 1765, "typical_volume": 9922.1, "trend": 167.437999, "fair_value": 165.879358, "relative_strength": -6.870141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.16957, "energy": 37.108537, "activity_lines": [ 160.425333, 161.191636, 162.017143, 163.279914 ] }, { "date": "2025-08-29", "close": 161.679993, "volume": 2035, "typical_volume": 9907.35, "trend": 166.618666, "fair_value": 166.03782, "relative_strength": -4.660872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.577769, "energy": 24.668837, "activity_lines": [ 160.810664, 161.278907, 162.003714, 162.908429 ] }, { "date": "2025-09-05", "close": 161.559998, "volume": 1190, "typical_volume": 9737.25, "trend": 165.804666, "fair_value": 166.187179, "relative_strength": -4.274745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.538105, "energy": 13.507792, "activity_lines": [ 161.475997, 161.261089, 161.931618, 162.582064 ] }, { "date": "2025-09-12", "close": 163.539993, "volume": 1215, "typical_volume": 9675.95, "trend": 164.841332, "fair_value": 166.371025, "relative_strength": -4.873071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.716698, "energy": 12.938181, "activity_lines": [ 162.378662, 161.578543, 162.009903, 162.435956 ] }, { "date": "2025-09-19", "close": 165.820007, "volume": 3063, "typical_volume": 9799.55, "trend": 164.045999, "fair_value": 166.616153, "relative_strength": -3.838905, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.979358, "energy": 11.222633, "activity_lines": [ 163.661332, 162.282544, 162.292571, 162.499096 ] }, { "date": "2025-09-26", "close": 165.679993, "volume": 2561, "typical_volume": 4547.8, "trend": 163.312666, "fair_value": 166.867563, "relative_strength": -3.965935, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.343496, "energy": 20.217992, "activity_lines": [ 164.473331, 162.997816, 162.546856, 162.604515 ] }, { "date": "2025-10-03", "close": 172.899994, "volume": 1708, "typical_volume": 4092.8, "trend": 163.132666, "fair_value": 167.158589, "relative_strength": -2.273081, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.787236, "energy": 69.635326, "activity_lines": [ 167.554663, 164.96327, 163.482855, 163.223052 ] }, { "date": "2025-10-10", "close": 166.520004, "volume": 5479, "typical_volume": 4223.05, "trend": 162.920665, "fair_value": 167.405256, "relative_strength": -3.801244, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.451894, "energy": 62.460511, "activity_lines": [ 167.761332, 165.651998, 163.810189, 163.44159 ] }, { "date": "2025-10-17", "close": 172.059998, "volume": 4335, "typical_volume": 4002.7, "trend": 162.949999, "fair_value": 167.674999, "relative_strength": -3.594436, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.50746, "energy": 71.425093, "activity_lines": [ 169.483999, 167.142544, 164.66276, 164.031225 ] }, { "date": "2025-10-24", "close": 175.080002, "volume": 496, "typical_volume": 3998.3, "trend": 163.189333, "fair_value": 167.948974, "relative_strength": -2.378998, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.807921, "energy": 79.854524, "activity_lines": [ 171.645333, 168.923635, 165.779332, 164.813806 ] }, { "date": "2025-10-31", "close": 171.880005, "volume": 2403, "typical_volume": 2629.45, "trend": 163.771333, "fair_value": 168.171538, "relative_strength": -2.795472, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.226205, "energy": 72.695137, "activity_lines": [ 172.122669, 169.838909, 166.542285, 165.374494 ] }, { "date": "2025-11-07", "close": 170.179993, "volume": 758, "typical_volume": 2648.6, "trend": 164.385333, "fair_value": 168.321281, "relative_strength": -1.59375, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.07151, "energy": 66.150836, "activity_lines": [ 171.619999, 170.294908, 167.089332, 165.787956 ] }, { "date": "2025-11-14", "close": 175.899994, "volume": 1683, "typical_volume": 2613.0, "trend": 165.130666, "fair_value": 168.515256, "relative_strength": -0.937606, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.193517, "energy": 69.543703, "activity_lines": [ 173.205331, 171.636362, 168.118855, 166.530837 ] }, { "date": "2025-11-21", "close": 169.820007, "volume": 51, "typical_volume": 2437.85, "trend": 165.429333, "fair_value": 168.667948, "relative_strength": -2.007271, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.264641, "energy": 39.7576, "activity_lines": [ 172.138667, 171.611636, 168.49457, 166.833376 ] }, { "date": "2025-11-28", "close": 172.460007, "volume": 1584, "typical_volume": 2371.3, "trend": 165.756, "fair_value": 168.813974, "relative_strength": -2.062607, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.629308, "energy": 37.36863, "activity_lines": [ 172.101336, 171.952728, 169.084476, 167.286967 ] }, { "date": "2025-12-05", "close": 175.880005, "volume": 605, "typical_volume": 2258.2, "trend": 166.137333, "fair_value": 168.984999, "relative_strength": 0.135872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.810813, "energy": 45.273794, "activity_lines": [ 173.37867, 172.794911, 169.978096, 167.940129 ] }, { "date": "2025-12-12", "close": 174.320007, "volume": 711, "typical_volume": 2243.65, "trend": 166.192, "fair_value": 169.179743, "relative_strength": -0.001081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.225871, "energy": 38.485536, "activity_lines": [ 173.869339, 173.168003, 170.658192, 168.468043 ] }, { "date": "2025-12-19", "close": 175.539993, "volume": 2780, "typical_volume": 2279.3, "trend": 166.509333, "fair_value": 169.386666, "relative_strength": -0.135629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.139351, "energy": 44.940647, "activity_lines": [ 174.490669, 173.737092, 171.417143, 169.07114 ] }, { "date": "2025-12-26", "close": 174.580002, "volume": 146, "typical_volume": 1736.55, "trend": 166.758666, "fair_value": 169.580769, "relative_strength": 0.067851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.140958, "energy": 47.984341, "activity_lines": [ 174.816001, 173.967638, 171.987905, 169.591828 ] }, { "date": "2026-01-02", "close": 176.820007, "volume": 2214, "typical_volume": 1839.1, "trend": 167.158666, "fair_value": 169.713461, "relative_strength": 0.360892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.69885, "energy": 49.180328, "activity_lines": [ 175.570669, 174.559639, 172.692287, 170.240947 ] }, { "date": "2026-01-09", "close": 178.199997, "volume": 9755, "typical_volume": 2238.6, "trend": 167.747333, "fair_value": 169.822948, "relative_strength": -0.72328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.874254, "energy": 59.058732, "activity_lines": [ 176.494667, 175.370911, 173.44543, 170.953291 ] }, { "date": "2026-01-16", "close": 170.740005, "volume": 1012, "typical_volume": 2187.45, "trend": 168.202, "fair_value": 169.890256, "relative_strength": -3.487262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.6037, "energy": 33.686538, "activity_lines": [ 174.777335, 174.710912, 173.418668, 171.146366 ] }, { "date": "2026-01-23", "close": 166.339996, "volume": 2741, "typical_volume": 2265.0, "trend": 168.406667, "fair_value": 169.897179, "relative_strength": -4.406966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.340032, "energy": 9.609734, "activity_lines": [ 171.832, 173.240729, 172.929715, 171.026237 ] }, { "date": "2026-01-30", "close": 162.059998, "volume": 247, "typical_volume": 2216.6, "trend": 168.408666, "fair_value": 169.841666, "relative_strength": -6.383568, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -38.062894, "energy": 36.126247, "activity_lines": [ 168.073333, 171.166182, 172.010382, 170.616775 ] }, { "date": "2026-02-06", "close": 161.479996, "volume": 344, "typical_volume": 2080.65, "trend": 168.196666, "fair_value": 169.822564, "relative_strength": -8.06327, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.685959, "energy": 49.268658, "activity_lines": [ 164.955998, 169.127272, 171.042858, 170.169764 ] }, { "date": "2026-02-13", "close": 161.580002, "volume": 212, "typical_volume": 1963.2, "trend": 168.174666, "fair_value": 169.774487, "relative_strength": -8.085269, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.207135, "energy": 69.554823, "activity_lines": [ 162.894666, 167.306181, 170.105524, 169.742882 ] }, { "date": "2026-02-20", "close": 165.179993, "volume": 2567, "typical_volume": 2006.15, "trend": 168.131333, "fair_value": 169.78782, "relative_strength": -7.962365, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.532254, "energy": 70.941204, "activity_lines": [ 163.14133, 166.399635, 169.530571, 169.549677 ] }, { "date": "2026-02-27", "close": 164.699997, "volume": 1332, "typical_volume": 1798.8, "trend": 168.447333, "fair_value": 169.756153, "relative_strength": -8.598915, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.663933, "energy": 63.269001, "activity_lines": [ 163.598664, 165.571998, 168.946666, 169.328301 ] }, { "date": "2026-03-06", "close": 153.139999, "volume": 2780, "typical_volume": 1721.05, "trend": 168.290666, "fair_value": 169.686281, "relative_strength": -8.536174, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -62.787221, "energy": 72.927242, "activity_lines": [ 160.311997, 162.839634, 167.270476, 168.340731 ] }, { "date": "2026-03-13", "close": 151.0, "volume": 737, "typical_volume": 1733.1, "trend": 168.008666, "fair_value": 169.630384, "relative_strength": -8.674772, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.410653, "energy": 88.400533, "activity_lines": [ 156.906665, 160.107998, 165.480571, 167.225204 ] }, { "date": "2026-03-20", "close": 141.539993, "volume": 1732, "typical_volume": 1699.55, "trend": 167.272666, "fair_value": 169.489615, "relative_strength": -11.420308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.425986, "energy": 96.166228, "activity_lines": [ 151.046663, 156.125815, 162.90438, 165.517548 ] }, { "date": "2026-03-27", "close": 142.419998, "volume": 3977, "typical_volume": 1860.5, "trend": 166.630666, "fair_value": 169.310256, "relative_strength": -11.066954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.293027, "energy": 93.535497, "activity_lines": [ 146.815997, 152.970179, 160.556475, 163.91415 ] }, { "date": "2026-04-03", "close": 147.139999, "volume": 1825, "typical_volume": 1867.6, "trend": 166.149999, "fair_value": 169.17641, "relative_strength": -10.898513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.82346, "energy": 87.252176, "activity_lines": [ 145.675998, 151.187634, 158.790284, 162.656687 ] }, { "date": "2026-04-10", "close": 152.240005, "volume": 926, "typical_volume": 1911.35, "trend": 165.773333, "fair_value": 169.033333, "relative_strength": -10.885519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.553908, "energy": 63.794546, "activity_lines": [ 147.406667, 150.681453, 157.646761, 161.759268 ] }, { "date": "2026-04-17", "close": 157.720001, "volume": 883, "typical_volume": 1876.3, "trend": 165.503333, "fair_value": 168.928076, "relative_strength": -9.293162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.568732, "energy": 48.29768, "activity_lines": [ 151.024001, 151.350181, 157.108856, 161.239698 ] }, { "date": "2026-04-24", "close": 150.539993, "volume": 2908, "typical_volume": 1991.45, "trend": 164.998666, "fair_value": 168.780128, "relative_strength": -10.344015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.577778, "energy": 34.139341, "activity_lines": [ 151.799999, 150.781817, 155.957332, 160.274322 ] }, { "date": "2026-05-01", "close": 147.399994, "volume": 435, "typical_volume": 1977.65, "trend": 164.148666, "fair_value": 168.603717, "relative_strength": -11.52023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.782185, "energy": 34.147021, "activity_lines": [ 150.92933, 149.84327, 154.627427, 159.138923 ] }, { "date": "2026-05-08", "close": 152.580002, "volume": 14952, "typical_volume": 2586.25, "trend": 163.684, "fair_value": 168.447051, "relative_strength": -8.17641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.504456, "energy": 27.682333, "activity_lines": [ 151.453331, 150.169817, 153.919046, 158.392558 ] }, { "date": "2026-05-15", "close": 149.639999, "volume": 939, "typical_volume": 2625.9, "trend": 162.936666, "fair_value": 168.271281, "relative_strength": -7.867367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.504554, "energy": 33.673912, "activity_lines": [ 150.634665, 150.18218, 153.039998, 157.486493 ] }, { "date": "2026-05-22", "close": 153.600006, "volume": 2815, "typical_volume": 2655.95, "trend": 162.220666, "fair_value": 168.148461, "relative_strength": -7.108864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.963289, "energy": 28.352825, "activity_lines": [ 151.309334, 150.978182, 152.656856, 156.884128 ] }, { "date": "2026-05-29", "close": 158.320007, "volume": 1513, "typical_volume": 2243.85, "trend": 161.768666, "fair_value": 168.056666, "relative_strength": -4.846771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.344375, "energy": 15.372244, "activity_lines": [ 153.832004, 152.585092, 152.833809, 156.632473 ] }, { "date": "2026-06-05", "close": 157.259995, "volume": 12, "typical_volume": 2193.85, "trend": 161.338, "fair_value": 167.964999, "relative_strength": -5.708467, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.751143, "energy": 13.4743, "activity_lines": [ 155.482668, 153.694182, 153.004476, 156.341591 ] }, { "date": "2026-06-12", "close": 162.559998, "volume": 528, "typical_volume": 2083.2, "trend": 160.893333, "fair_value": 167.862692, "relative_strength": -3.94899, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.450379, "energy": 20.672857, "activity_lines": [ 158.242667, 155.497091, 153.744095, 156.420429 ] }, { "date": "2026-06-19", "close": 162.479996, "volume": 0, "typical_volume": 2070.85, "trend": 160.648666, "fair_value": 167.806666, "relative_strength": -4.670271, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.912062, "energy": 33.805794, "activity_lines": [ 160.310665, 157.00509, 154.494094, 156.522795 ] }, { "date": "2026-06-26", "close": 160.940002, "volume": 0, "typical_volume": 2053.65, "trend": 160.264666, "fair_value": 167.701025, "relative_strength": -5.0179, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.418403, "energy": 48.376193, "activity_lines": [ 161.009332, 158.046909, 155.095428, 156.541591 ] }, { "date": "2026-07-03", "close": 161.740005, "volume": 0, "typical_volume": 2043.05, "trend": 159.793333, "fair_value": 167.644615, "relative_strength": -5.745088, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.209276, "energy": 51.6419, "activity_lines": [ 161.485334, 159.175637, 155.775524, 156.636774 ] }, { "date": "2026-07-10", "close": 159.899994, "volume": 701, "typical_volume": 1949.75, "trend": 159.312666, "fair_value": 167.522179, "relative_strength": -4.722243, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.402393, "energy": 45.806401, "activity_lines": [ 161.119999, 159.766181, 156.279619, 156.643655 ] }, { "date": "2026-07-17", "close": 161.320007, "volume": 3765, "typical_volume": 2071.4, "trend": 158.838666, "fair_value": 167.427435, "relative_strength": -3.746054, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.237353, "energy": 32.108762, "activity_lines": [ 161.052002, 160.387637, 156.944095, 156.773161 ] }, { "date": "2026-07-24", "close": 156.580002, "volume": 511, "typical_volume": 1957.95, "trend": 158.238666, "fair_value": 167.287692, "relative_strength": -6.720403, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.994091, "energy": 15.925489, "activity_lines": [ 159.486669, 159.988365, 157.173239, 156.627441 ] }, { "date": "2026-07-31", "close": 160.5, "volume": 498, "typical_volume": 1946.0, "trend": 157.694666, "fair_value": 167.208974, "relative_strength": -5.774112, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.373337, "energy": 13.809887, "activity_lines": [ 159.621335, 160.175637, 157.759334, 156.773333 ] }, { "date": "2026-08-07", "close": 164.520004, "volume": 32029, "typical_volume": 3460.85, "trend": 157.238666, "fair_value": 167.184871, "relative_strength": -5.552515, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.100949, "energy": 31.995217, "activity_lines": [ 161.125336, 160.968365, 158.683048, 157.213678 ] } ], "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." } } }