{ "ticker": { "uuid": "a725729c-c2d3-45fc-aba4-4383eaf7ffd4", "symbol": "ATG", "name": "Auction Technology Group plc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.304, "architecture_energy": 67.863, "architecture_maturity": 51.439, "architecture_confidence": 89.395, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 13.18, "rotation_up": 71.44, "upward_expansion": 91.6, "deceleration": 43.21, "rotation_down": 16.46, "downward_expansion": 13.6 }, "activity_lines": [ 444.4, 432.716364, 416.627619, 395.946882 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 451.0, "trend_reference": 370.283333, "distance_from_trend": 0.217986, "trend_direction": "Improving", "fair_value": 470.041667, "distance_from_fair_value": -0.040511, "fair_value_direction": "Improving", "relative_strength": 21.412501, "relative_strength_direction": "Improving", "price_momentum": 0.54717, "excess_performance": 0.495935, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.217986, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.145029, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.040511, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.239808, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.214125, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.273323, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.54717, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.466493, "read": "Demand-led" } ], "volume": { "latest": 5672024, "relative_activity": 2.857081, "balance": 1.466493, "dry_up": 1.993481, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.07126, "annualized_volatility": 0.389777, "from_high_reference": -0.079592, "from_low_reference": 0.737958 }, "levels": { "trend_reference": 370.283333, "fair_value_reference": 470.041667, "structural_low": 293.5, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.05614, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.053014, "regime_survival": 0.857143, "best_return": 0.109515, "worst_return": -0.07767, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.084431, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.097856, "regime_survival": 0.5, "best_return": 0.12398, "worst_return": 0.044883, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.104129, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.176953, "regime_survival": 0.0, "best_return": -0.104129, "worst_return": -0.104129, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.51526, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.725268, "regime_survival": 0.0, "best_return": -0.51526, "worst_return": -0.51526, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-03-08", "end": "2024-04-19", "tenure": "Developing", "return": -0.165289, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-03", "tenure": "New", "return": 0.022564, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-10", "end": "2024-05-24", "tenure": "New", "return": 0.221532, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-07-05", "tenure": "Developing", "return": -0.086207, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-12", "end": "2024-07-19", "tenure": "New", "return": -0.030644, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2024-11-01", "tenure": "Established", "return": -0.052525, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-29", "tenure": "New", "return": 0.114471, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": -0.042328, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-02-28", "tenure": "Developing", "return": 0.023339, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-05-23", "tenure": "Developing", "return": -0.195958, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.047253, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-13", "end": "2026-01-16", "tenure": "Extended", "return": -0.2, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-04-10", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": 0.15051, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 696.0, "volume": 1497504, "typical_volume": 1160972.05, "trend": 698.0, "fair_value": 960.087692, "relative_strength": -2.073876, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.401543, "energy": 10.204022, "activity_lines": [ 708.533333, 718.872727, 722.114286, 709.083871 ] }, { "date": "2023-08-25", "close": 700.0, "volume": 367723, "typical_volume": 1163865.9, "trend": 697.2, "fair_value": 958.10229, "relative_strength": -2.258238, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.436562, "energy": 11.450852, "activity_lines": [ 703.8, 713.981818, 721.171429, 709.212903 ] }, { "date": "2023-09-01", "close": 695.0, "volume": 667720, "typical_volume": 1156242.6, "trend": 697.1, "fair_value": 956.109091, "relative_strength": -4.380805, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.559749, "energy": 11.993677, "activity_lines": [ 699.733333, 709.545455, 719.180952, 709.070968 ] }, { "date": "2023-09-08", "close": 690.0, "volume": 213128, "typical_volume": 1136829.6, "trend": 696.5, "fair_value": 954.108271, "relative_strength": -4.849652, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.095006, "energy": 22.716189, "activity_lines": [ 695.666667, 704.4, 716.47619, 708.612903 ] }, { "date": "2023-09-15", "close": 696.0, "volume": 875071, "typical_volume": 1114829.85, "trend": 696.266667, "fair_value": 952.18209, "relative_strength": -6.49977, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.922523, "energy": 20.687058, "activity_lines": [ 694.733333, 701.4, 714.138095, 708.580645 ] }, { "date": "2023-09-22", "close": 677.0, "volume": 681133, "typical_volume": 1119265.7, "trend": 695.633333, "fair_value": 950.143704, "relative_strength": -8.371406, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.213736, "energy": 25.616681, "activity_lines": [ 688.6, 695.4, 710.014286, 707.337634 ] }, { "date": "2023-09-29", "close": 653.0, "volume": 505505, "typical_volume": 1130683.9, "trend": 694.833333, "fair_value": 947.958824, "relative_strength": -10.426516, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.949218, "energy": 40.234809, "activity_lines": [ 675.733333, 686.327273, 703.72381, 704.587097 ] }, { "date": "2023-10-06", "close": 597.0, "volume": 964370, "typical_volume": 1092498.25, "trend": 693.233333, "fair_value": 945.39708, "relative_strength": -16.447967, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.222322, "energy": 61.395675, "activity_lines": [ 647.333333, 668.563636, 692.371429, 698.275269 ] }, { "date": "2023-10-13", "close": 574.0, "volume": 2008040, "typical_volume": 1163828.65, "trend": 690.833333, "fair_value": 942.705797, "relative_strength": -20.298762, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.368152, "energy": 82.326597, "activity_lines": [ 617.8, 648.854545, 679.457143, 690.582796 ] }, { "date": "2023-10-20", "close": 562.0, "volume": 1043640, "typical_volume": 1027499.7, "trend": 688.533333, "fair_value": 939.966907, "relative_strength": -19.383335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.767232, "energy": 87.513509, "activity_lines": [ 592.0, 629.381818, 666.190476, 682.270968 ] }, { "date": "2023-10-27", "close": 560.0, "volume": 1128159, "typical_volume": 1062149.05, "trend": 686.733333, "fair_value": 937.252857, "relative_strength": -17.93425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.204904, "energy": 89.162128, "activity_lines": [ 574.466667, 612.290909, 653.590476, 673.978495 ] }, { "date": "2023-11-03", "close": 601.0, "volume": 802628, "typical_volume": 1071600.75, "trend": 687.433333, "fair_value": 934.868085, "relative_strength": -12.924857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.420246, "energy": 81.182347, "activity_lines": [ 578.4, 605.127273, 645.719048, 668.447312 ] }, { "date": "2023-11-10", "close": 582.0, "volume": 460245, "typical_volume": 1028508.5, "trend": 685.333333, "fair_value": 932.383099, "relative_strength": -14.044319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.654633, "energy": 65.881325, "activity_lines": [ 579.466667, 596.309091, 636.866667, 661.645161 ] }, { "date": "2023-11-17", "close": 595.0, "volume": 1316151, "typical_volume": 955377.8, "trend": 683.6, "fair_value": 930.023776, "relative_strength": -13.087678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.941899, "energy": 49.427793, "activity_lines": [ 585.866667, 591.909091, 629.842857, 655.817204 ] }, { "date": "2023-11-24", "close": 633.0, "volume": 426635, "typical_volume": 912586.4, "trend": 681.333333, "fair_value": 927.961111, "relative_strength": -6.649194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.617753, "energy": 31.544805, "activity_lines": [ 603.533333, 596.145455, 627.166667, 652.552688 ] }, { "date": "2023-12-01", "close": 490.5, "volume": 6731502, "typical_volume": 1206804.1, "trend": 674.283333, "fair_value": 924.944138, "relative_strength": -27.5412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.87398, "energy": 50.739919, "activity_lines": [ 568.966667, 575.618182, 611.338095, 640.24086 ] }, { "date": "2023-12-08", "close": 487.0, "volume": 3605688, "typical_volume": 1311780.05, "trend": 666.85, "fair_value": 921.944521, "relative_strength": -27.686918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.449766, "energy": 56.057557, "activity_lines": [ 537.866667, 557.845455, 596.402381, 628.158065 ] }, { "date": "2023-12-15", "close": 523.0, "volume": 2636295, "typical_volume": 1357634.2, "trend": 659.983333, "fair_value": 919.230612, "relative_strength": -22.017833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.101213, "energy": 52.738856, "activity_lines": [ 526.366667, 549.636364, 586.07619, 618.877419 ] }, { "date": "2023-12-22", "close": 520.0, "volume": 2256140, "typical_volume": 1437298.6, "trend": 652.65, "fair_value": 916.533108, "relative_strength": -23.16189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.107306, "energy": 67.329585, "activity_lines": [ 517.8, 542.227273, 576.402381, 609.846237 ] }, { "date": "2023-12-29", "close": 522.0, "volume": 413464, "typical_volume": 1430037.05, "trend": 645.316667, "fair_value": 913.885235, "relative_strength": -22.657135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.69409, "energy": 62.164965, "activity_lines": [ 514.9, 536.163636, 567.809524, 601.417204 ] }, { "date": "2024-01-05", "close": 491.5, "volume": 680857, "typical_volume": 1389204.7, "trend": 637.266667, "fair_value": 911.069333, "relative_strength": -26.135762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.720996, "energy": 53.013233, "activity_lines": [ 509.233333, 525.281818, 557.221429, 591.493548 ] }, { "date": "2024-01-12", "close": 465.0, "volume": 4738407, "typical_volume": 1607738.9, "trend": 626.933333, "fair_value": 908.115232, "relative_strength": -28.944248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.168961, "energy": 59.217494, "activity_lines": [ 494.666667, 510.827273, 545.083333, 580.37957 ] }, { "date": "2024-01-19", "close": 452.0, "volume": 1176562, "typical_volume": 1633181.0, "trend": 618.466667, "fair_value": 905.114474, "relative_strength": -28.888231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.806915, "energy": 66.734464, "activity_lines": [ 477.233333, 496.481818, 532.82619, 569.093548 ] }, { "date": "2024-01-26", "close": 469.0, "volume": 1298141, "typical_volume": 1687431.65, "trend": 609.166667, "fair_value": 902.264052, "relative_strength": -27.365883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.512207, "energy": 61.481457, "activity_lines": [ 470.2, 487.590909, 523.345238, 559.450538 ] }, { "date": "2024-02-02", "close": 521.0, "volume": 2093575, "typical_volume": 1748356.85, "trend": 602.5, "fair_value": 899.788312, "relative_strength": -18.736848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.630496, "energy": 46.215299, "activity_lines": [ 483.9, 490.445455, 519.869048, 553.762366 ] }, { "date": "2024-02-09", "close": 542.0, "volume": 865680, "typical_volume": 1757584.2, "trend": 595.633333, "fair_value": 897.48, "relative_strength": -14.626625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.291176, "energy": 30.149847, "activity_lines": [ 504.666667, 499.154545, 519.22619, 549.85914 ] }, { "date": "2024-02-16", "close": 597.0, "volume": 3423834, "typical_volume": 1903500.65, "trend": 591.033333, "fair_value": 895.553846, "relative_strength": -7.4384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.152018, "energy": 15.949014, "activity_lines": [ 540.4, 516.927273, 524.464286, 549.947312 ] }, { "date": "2024-02-23", "close": 596.0, "volume": 725300, "typical_volume": 1891547.15, "trend": 586.9, "fair_value": 894.374359, "relative_strength": -7.294207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.817905, "energy": 22.401162, "activity_lines": [ 567.0, 532.518182, 529.87381, 550.267742 ] }, { "date": "2024-03-01", "close": 607.0, "volume": 789719, "typical_volume": 1830631.1, "trend": 583.566667, "fair_value": 893.314744, "relative_strength": -5.155636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 30.848392, "energy": 41.374991, "activity_lines": [ 587.666667, 548.781818, 536.335714, 551.564516 ] }, { "date": "2024-03-08", "close": 605.0, "volume": 438886, "typical_volume": 1800393.4, "trend": 579.966667, "fair_value": 892.257052, "relative_strength": -5.093464, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.615226, "energy": 57.256134, "activity_lines": [ 598.466667, 563.1, 542.45, 552.947312 ] }, { "date": "2024-03-15", "close": 608.0, "volume": 772747, "typical_volume": 1782622.8, "trend": 577.033333, "fair_value": 890.96218, "relative_strength": -5.252981, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.27537, "energy": 62.095202, "activity_lines": [ 604.666667, 576.454545, 548.645238, 554.755914 ] }, { "date": "2024-03-22", "close": 615.0, "volume": 421282, "typical_volume": 1763555.5, "trend": 574.2, "fair_value": 889.654487, "relative_strength": -6.455277, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.905823, "energy": 59.773681, "activity_lines": [ 608.8, 588.963636, 555.278571, 557.205376 ] }, { "date": "2024-03-29", "close": 618.0, "volume": 770714, "typical_volume": 1779078.95, "trend": 571.633333, "fair_value": 888.183974, "relative_strength": -6.19576, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.534059, "energy": 48.4879, "activity_lines": [ 612.733333, 599.290909, 562.130952, 560.031183 ] }, { "date": "2024-04-05", "close": 622.0, "volume": 1858013, "typical_volume": 1806172.05, "trend": 569.366667, "fair_value": 886.691026, "relative_strength": -5.176056, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.681332, "energy": 45.330396, "activity_lines": [ 616.533333, 607.327273, 569.192857, 563.280645 ] }, { "date": "2024-04-12", "close": 624.0, "volume": 1389406, "typical_volume": 1854310.6, "trend": 566.966667, "fair_value": 885.025641, "relative_strength": -5.790228, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.914734, "energy": 43.742557, "activity_lines": [ 620.0, 612.945455, 576.316667, 566.805376 ] }, { "date": "2024-04-19", "close": 505.0, "volume": 6283176, "typical_volume": 1831894.3, "trend": 561.233333, "fair_value": 882.435897, "relative_strength": -22.473528, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 16.949452, "energy": 12.526419, "activity_lines": [ 582.533333, 595.054545, 572.15, 562.807527 ] }, { "date": "2024-04-26", "close": 487.5, "volume": 3271748, "typical_volume": 1815197.3, "trend": 555.716667, "fair_value": 879.541667, "relative_strength": -26.905477, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.39428, "energy": 24.948043, "activity_lines": [ 546.1, 574.654545, 566.247619, 558.050538 ] }, { "date": "2024-05-03", "close": 498.5, "volume": 1558490, "typical_volume": 1761307.05, "trend": 552.433333, "fair_value": 876.474359, "relative_strength": -25.409396, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.212578, "energy": 39.998935, "activity_lines": [ 521.833333, 558.245455, 561.390476, 554.35914 ] }, { "date": "2024-05-10", "close": 483.0, "volume": 374931, "typical_volume": 1667246.6, "trend": 549.4, "fair_value": 873.352564, "relative_strength": -29.041419, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.020995, "energy": 47.94965, "activity_lines": [ 500.366667, 540.790909, 555.17381, 549.87957 ] }, { "date": "2024-05-17", "close": 584.0, "volume": 2132592, "typical_volume": 1753203.0, "trend": 550.133333, "fair_value": 870.782051, "relative_strength": -13.558545, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.592297, "energy": 33.480295, "activity_lines": [ 521.833333, 543.954545, 558.752381, 552.111828 ] }, { "date": "2024-05-24", "close": 590.0, "volume": 1348984, "typical_volume": 1786609.35, "trend": 551.133333, "fair_value": 866.871795, "relative_strength": -11.035902, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 4.233939, "energy": 9.192145, "activity_lines": [ 547.966667, 548.590909, 562.607143, 554.683871 ] }, { "date": "2024-05-31", "close": 522.0, "volume": 1128075, "typical_volume": 1606092.75, "trend": 548.5, "fair_value": 862.564103, "relative_strength": -20.224991, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.461337, "energy": 5.89235, "activity_lines": [ 545.766667, 541.190909, 559.516667, 552.804301 ] }, { "date": "2024-06-07", "close": 552.0, "volume": 710030, "typical_volume": 1582766.15, "trend": 547.5, "fair_value": 858.730769, "relative_strength": -14.711399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.195236, "energy": 14.158161, "activity_lines": [ 551.266667, 540.936364, 559.011905, 553.030108 ] }, { "date": "2024-06-14", "close": 566.0, "volume": 735372, "typical_volume": 1554627.7, "trend": 546.533333, "fair_value": 854.076923, "relative_strength": -10.793107, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.061098, "energy": 12.861599, "activity_lines": [ 557.866667, 544.427273, 559.364286, 554.223656 ] }, { "date": "2024-06-21", "close": 571.0, "volume": 1299474, "typical_volume": 1514922.65, "trend": 544.466667, "fair_value": 850.057692, "relative_strength": -10.437542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.582784, "energy": 15.899046, "activity_lines": [ 560.6, 549.845455, 559.730952, 555.802151 ] }, { "date": "2024-06-28", "close": 501.0, "volume": 7216254, "typical_volume": 1832451.35, "trend": 544.816667, "fair_value": 845.923077, "relative_strength": -19.953926, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.537327, "energy": 9.12142, "activity_lines": [ 540.866667, 543.5, 553.192857, 552.997849 ] }, { "date": "2024-07-05", "close": 477.0, "volume": 1095468, "typical_volume": 1716033.05, "trend": 544.483333, "fair_value": 841.00641, "relative_strength": -23.365994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -34.86478, "energy": 29.489957, "activity_lines": [ 519.066667, 532.863636, 544.564286, 548.622581 ] }, { "date": "2024-07-12", "close": 489.5, "volume": 845230, "typical_volume": 1722029.55, "trend": 543.366667, "fair_value": 836.516026, "relative_strength": -20.997716, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.856386, "energy": 41.037989, "activity_lines": [ 504.433333, 524.690909, 537.697619, 545.075269 ] }, { "date": "2024-07-19", "close": 474.5, "volume": 782402, "typical_volume": 1721663.7, "trend": 541.85, "fair_value": 831.121795, "relative_strength": -21.749746, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.656777, "energy": 66.099283, "activity_lines": [ 488.966667, 513.954545, 529.909524, 540.632258 ] }, { "date": "2024-07-26", "close": 495.0, "volume": 659093, "typical_volume": 1732674.05, "trend": 540.95, "fair_value": 825.589744, "relative_strength": -18.940472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.233149, "energy": 62.956023, "activity_lines": [ 486.433333, 507.1, 524.704762, 537.609677 ] }, { "date": "2024-08-02", "close": 468.0, "volume": 733970, "typical_volume": 1730735.2, "trend": 540.166667, "fair_value": 819.717949, "relative_strength": -21.580251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.48079, "energy": 60.673862, "activity_lines": [ 479.966667, 496.954545, 517.452381, 532.903226 ] }, { "date": "2024-08-09", "close": 453.5, "volume": 2116156, "typical_volume": 1815478.9, "trend": 539.783333, "fair_value": 813.612179, "relative_strength": -23.154196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.214225, "energy": 59.947698, "activity_lines": [ 470.866667, 486.390909, 509.485714, 527.311828 ] }, { "date": "2024-08-16", "close": 444.0, "volume": 3131556, "typical_volume": 1933521.0, "trend": 539.516667, "fair_value": 807.317308, "relative_strength": -25.216867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.966967, "energy": 60.59994, "activity_lines": [ 460.166667, 475.345455, 501.383333, 521.132258 ] }, { "date": "2024-08-23", "close": 418.5, "volume": 1897517, "typical_volume": 1935496.2, "trend": 537.833333, "fair_value": 799.897436, "relative_strength": -28.785382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.611685, "energy": 72.766545, "activity_lines": [ 444.0, 461.627273, 491.680952, 513.324731 ] }, { "date": "2024-08-30", "close": 416.5, "volume": 4945632, "typical_volume": 2113307.5, "trend": 534.35, "fair_value": 793.503205, "relative_strength": -28.695542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.82244, "energy": 78.721769, "activity_lines": [ 430.9, 450.227273, 482.757143, 505.496774 ] }, { "date": "2024-09-06", "close": 369.5, "volume": 4757647, "typical_volume": 2037031.05, "trend": 528.6, "fair_value": 786.692308, "relative_strength": -34.380979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.364444, "energy": 87.825802, "activity_lines": [ 407.366667, 433.090909, 470.345238, 494.86129 ] }, { "date": "2024-09-13", "close": 388.0, "volume": 1879680, "typical_volume": 1967427.65, "trend": 521.633333, "fair_value": 779.564103, "relative_strength": -31.022876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.577933, "energy": 84.135143, "activity_lines": [ 396.566667, 421.709091, 460.340476, 485.790323 ] }, { "date": "2024-09-20", "close": 403.5, "volume": 1575259, "typical_volume": 1968266.1, "trend": 515.216667, "fair_value": 773.355769, "relative_strength": -27.08578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.908282, "energy": 76.32435, "activity_lines": [ 395.3, 414.763636, 452.285714, 478.168817 ] }, { "date": "2024-09-27", "close": 420.5, "volume": 976510, "typical_volume": 1998345.05, "trend": 509.0, "fair_value": 767.371795, "relative_strength": -24.076631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.031339, "energy": 63.662631, "activity_lines": [ 402.4, 412.472727, 446.302381, 472.058065 ] }, { "date": "2024-10-04", "close": 418.5, "volume": 893858, "typical_volume": 1936408.35, "trend": 502.783333, "fair_value": 761.490385, "relative_strength": -23.426732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.566416, "energy": 48.777775, "activity_lines": [ 408.7, 410.8, 440.42619, 466.219355 ] }, { "date": "2024-10-11", "close": 451.5, "volume": 7376551, "typical_volume": 2237786.7, "trend": 497.566667, "fair_value": 755.320513, "relative_strength": -16.613432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.053742, "energy": 29.084116, "activity_lines": [ 425.866667, 416.518182, 438.480952, 462.910753 ] }, { "date": "2024-10-18", "close": 451.0, "volume": 2143500, "typical_volume": 2288557.95, "trend": 492.1, "fair_value": 749.583333, "relative_strength": -17.215085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.551094, "energy": 23.861081, "activity_lines": [ 437.4, 422.445455, 437.147619, 459.906452 ] }, { "date": "2024-10-25", "close": 448.0, "volume": 883463, "typical_volume": 2297229.6, "trend": 486.433333, "fair_value": 743.391026, "relative_strength": -16.117447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.929277, "energy": 22.988946, "activity_lines": [ 443.733333, 427.872727, 435.866667, 457.06129 ] }, { "date": "2024-11-01", "close": 469.0, "volume": 708615, "typical_volume": 2295891.75, "trend": 481.333333, "fair_value": 737.371795, "relative_strength": -10.78942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.304244, "energy": 20.073916, "activity_lines": [ 454.1, 437.045455, 437.080952, 455.936559 ] }, { "date": "2024-11-08", "close": 463.0, "volume": 1924800, "typical_volume": 2327158.05, "trend": 475.966667, "fair_value": 731.698718, "relative_strength": -10.20412, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.359519, "energy": 17.190216, "activity_lines": [ 459.233333, 444.209091, 438.185714, 454.753763 ] }, { "date": "2024-11-15", "close": 453.5, "volume": 773382, "typical_volume": 2005014.45, "trend": 474.25, "fair_value": 725.785256, "relative_strength": -11.335354, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.656327, "energy": 15.84351, "activity_lines": [ 458.233333, 448.8, 438.9, 453.304301 ] }, { "date": "2024-11-22", "close": 449.5, "volume": 1851147, "typical_volume": 2042798.4, "trend": 472.983333, "fair_value": 720.551282, "relative_strength": -13.438139, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.393054, "energy": 13.475012, "activity_lines": [ 455.766667, 451.136364, 439.459524, 451.707527 ] }, { "date": "2024-11-29", "close": 516.0, "volume": 6079286, "typical_volume": 2304501.2, "trend": 473.566667, "fair_value": 714.371795, "relative_strength": -0.846756, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.475566, "energy": 34.96097, "activity_lines": [ 475.566667, 464.445455, 446.483333, 454.482796 ] }, { "date": "2024-12-06", "close": 567.0, "volume": 1962398, "typical_volume": 2363501.0, "trend": 476.366667, "fair_value": 708.99359, "relative_strength": 8.548385, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.54826, "energy": 60.480465, "activity_lines": [ 507.833333, 484.981818, 458.238095, 460.510753 ] }, { "date": "2024-12-13", "close": 575.0, "volume": 16965970, "typical_volume": 3178844.85, "trend": 476.066667, "fair_value": 703.833333, "relative_strength": 10.181766, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.905427, "energy": 72.994593, "activity_lines": [ 536.233333, 504.309091, 470.314286, 466.874194 ] }, { "date": "2024-12-20", "close": 553.0, "volume": 1516617, "typical_volume": 3217977.2, "trend": 474.833333, "fair_value": 698.096154, "relative_strength": 8.765139, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.695697, "energy": 71.09188, "activity_lines": [ 549.833333, 516.790909, 479.914286, 471.837634 ] }, { "date": "2024-12-27", "close": 543.0, "volume": 259974, "typical_volume": 3125168.1, "trend": 475.533333, "fair_value": 691.858974, "relative_strength": 5.97223, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.753471, "energy": 78.86145, "activity_lines": [ 553.466667, 525.609091, 488.157143, 476.235484 ] }, { "date": "2025-01-03", "close": 557.0, "volume": 424552, "typical_volume": 2989817.9, "trend": 475.7, "fair_value": 687.019231, "relative_strength": 7.598277, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.733833, "energy": 72.578036, "activity_lines": [ 555.533333, 535.3, 497.307143, 481.491398 ] }, { "date": "2025-01-10", "close": 538.0, "volume": 976097, "typical_volume": 2943746.9, "trend": 474.766667, "fair_value": 682.878205, "relative_strength": 3.485229, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.127999, "energy": 49.20157, "activity_lines": [ 548.533333, 539.554545, 504.109524, 485.510753 ] }, { "date": "2025-01-17", "close": 580.0, "volume": 1427530, "typical_volume": 2767841.8, "trend": 475.066667, "fair_value": 679.352564, "relative_strength": 7.945879, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.96833, "energy": 51.874356, "activity_lines": [ 557.466667, 550.190909, 514.342857, 492.3 ] }, { "date": "2025-01-24", "close": 602.0, "volume": 1781872, "typical_volume": 2619053.05, "trend": 478.433333, "fair_value": 676.352564, "relative_strength": 11.758273, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.705836, "energy": 56.625019, "activity_lines": [ 573.4, 562.7, 525.892857, 500.489247 ] }, { "date": "2025-01-31", "close": 618.0, "volume": 2291868, "typical_volume": 2639662.45, "trend": 483.133333, "fair_value": 673.974359, "relative_strength": 12.362223, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.906694, "energy": 59.587822, "activity_lines": [ 591.4, 575.418182, 537.859524, 509.493548 ] }, { "date": "2025-02-07", "close": 582.0, "volume": 1849179, "typical_volume": 2653358.45, "trend": 486.216667, "fair_value": 671.967949, "relative_strength": 5.644538, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.62851, "energy": 57.69941, "activity_lines": [ 592.4, 578.527273, 545.302381, 515.872043 ] }, { "date": "2025-02-14", "close": 587.0, "volume": 1382670, "typical_volume": 2673666.45, "trend": 489.966667, "fair_value": 670.076923, "relative_strength": 6.491406, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.425016, "energy": 52.643834, "activity_lines": [ 593.4, 581.345455, 552.371429, 522.374194 ] }, { "date": "2025-02-21", "close": 583.0, "volume": 982024, "typical_volume": 2678074.75, "trend": 492.9, "fair_value": 667.871795, "relative_strength": 6.98496, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.386709, "energy": 46.081775, "activity_lines": [ 589.8, 583.072727, 558.266667, 528.376344 ] }, { "date": "2025-02-28", "close": 570.0, "volume": 2562808, "typical_volume": 2437387.6, "trend": 496.3, "fair_value": 666.474359, "relative_strength": 3.266382, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.726183, "energy": 34.410919, "activity_lines": [ 581.666667, 582.290909, 562.140476, 533.350538 ] }, { "date": "2025-03-07", "close": 569.0, "volume": 1932399, "typical_volume": 2426832.55, "trend": 500.15, "fair_value": 664.49359, "relative_strength": 5.059857, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.717344, "energy": 29.204572, "activity_lines": [ 575.333333, 581.018182, 565.354762, 538.04086 ] }, { "date": "2025-03-14", "close": 579.0, "volume": 1937669, "typical_volume": 2479542.85, "trend": 504.65, "fair_value": 661.179487, "relative_strength": 7.881697, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.867133, "energy": 25.985832, "activity_lines": [ 575.6, 581.090909, 568.959524, 543.127957 ] }, { "date": "2025-03-21", "close": 567.0, "volume": 2229592, "typical_volume": 2555591.7, "trend": 509.6, "fair_value": 658.532051, "relative_strength": 5.860635, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.106464, "energy": 21.613611, "activity_lines": [ 572.066667, 578.581818, 570.797619, 547.150538 ] }, { "date": "2025-03-28", "close": 602.0, "volume": 1471527, "typical_volume": 2532928.05, "trend": 515.783333, "fair_value": 655.955128, "relative_strength": 12.524163, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.334764, "energy": 30.277222, "activity_lines": [ 581.533333, 581.909091, 575.502381, 553.111828 ] }, { "date": "2025-04-04", "close": 582.0, "volume": 2394546, "typical_volume": 2613986.25, "trend": 522.866667, "fair_value": 653.096154, "relative_strength": 17.174018, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.726116, "energy": 28.907714, "activity_lines": [ 583.066667, 581.2, 577.640476, 557.383871 ] }, { "date": "2025-04-11", "close": 587.0, "volume": 3873324, "typical_volume": 2715095.1, "trend": 529.5, "fair_value": 650.615385, "relative_strength": 19.689975, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.8768, "energy": 28.28454, "activity_lines": [ 585.466667, 581.763636, 579.642857, 561.521505 ] }, { "date": "2025-04-18", "close": 601.0, "volume": 1073549, "typical_volume": 2464808.25, "trend": 536.083333, "fair_value": 648.788462, "relative_strength": 17.613711, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.476541, "energy": 33.978619, "activity_lines": [ 591.333333, 585.436364, 582.32381, 566.134409 ] }, { "date": "2025-04-25", "close": 580.0, "volume": 1463212, "typical_volume": 2439848.95, "trend": 541.4, "fair_value": 646.871795, "relative_strength": 11.308105, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.216477, "energy": 26.279034, "activity_lines": [ 588.733333, 584.945455, 582.6, 568.967742 ] }, { "date": "2025-05-02", "close": 608.0, "volume": 1314036, "typical_volume": 1657252.25, "trend": 547.716667, "fair_value": 644.833333, "relative_strength": 13.868599, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.157666, "energy": 32.739012, "activity_lines": [ 594.6, 589.672727, 585.480952, 573.264516 ] }, { "date": "2025-05-09", "close": 540.0, "volume": 3402684, "typical_volume": 1751555.6, "trend": 550.666667, "fair_value": 642.294872, "relative_strength": 1.441267, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.026332, "energy": 4.740684, "activity_lines": [ 577.4, 581.581818, 581.728571, 572.766667 ] }, { "date": "2025-05-16", "close": 496.5, "volume": 3361709, "typical_volume": 1906642.35, "trend": 552.183333, "fair_value": 639.689103, "relative_strength": -7.777077, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.062397, "energy": 24.46682, "activity_lines": [ 548.5, 566.127273, 573.895238, 569.272043 ] }, { "date": "2025-05-23", "close": 457.5, "volume": 2136070, "typical_volume": 1992218.25, "trend": 552.5, "fair_value": 635.814103, "relative_strength": -14.859274, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -49.21409, "energy": 59.159005, "activity_lines": [ 512.633333, 544.9, 562.569048, 563.163441 ] }, { "date": "2025-05-30", "close": 455.0, "volume": 3308972, "typical_volume": 2108862.0, "trend": 552.033333, "fair_value": 632.512821, "relative_strength": -15.554235, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.388462, "energy": 69.710587, "activity_lines": [ 485.5, 525.427273, 551.478571, 556.873118 ] }, { "date": "2025-06-06", "close": 476.5, "volume": 4058313, "typical_volume": 2240401.15, "trend": 552.483333, "fair_value": 629.522436, "relative_strength": -11.859755, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.824383, "energy": 77.142294, "activity_lines": [ 473.866667, 511.9, 542.830952, 552.0 ] }, { "date": "2025-06-13", "close": 452.5, "volume": 1674799, "typical_volume": 2235047.5, "trend": 552.45, "fair_value": 627.134615, "relative_strength": -15.934326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.41301, "energy": 79.684321, "activity_lines": [ 463.0, 496.290909, 532.390476, 545.549462 ] }, { "date": "2025-06-20", "close": 435.0, "volume": 1912967, "typical_volume": 2216102.45, "trend": 551.966667, "fair_value": 623.782051, "relative_strength": -17.974431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.034259, "energy": 78.227284, "activity_lines": [ 452.133333, 479.854545, 520.995238, 537.972043 ] }, { "date": "2025-06-27", "close": 450.0, "volume": 3850865, "typical_volume": 2316186.75, "trend": 549.766667, "fair_value": 620.782051, "relative_strength": -15.103172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.537036, "energy": 64.118562, "activity_lines": [ 450.366667, 468.909091, 511.9, 531.393548 ] }, { "date": "2025-07-04", "close": 499.0, "volume": 1322627, "typical_volume": 2313184.6, "trend": 547.5, "fair_value": 618.0, "relative_strength": -6.067383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.383413, "energy": 46.679878, "activity_lines": [ 465.433333, 469.618182, 508.1, 528.11828 ] }, { "date": "2025-07-11", "close": 495.0, "volume": 1612921, "typical_volume": 2344729.45, "trend": 544.833333, "fair_value": 615.153846, "relative_strength": -7.93601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.014618, "energy": 36.259704, "activity_lines": [ 476.233333, 471.072727, 504.338095, 524.731183 ] }, { "date": "2025-07-18", "close": 480.0, "volume": 1555546, "typical_volume": 2294366.35, "trend": 542.4, "fair_value": 611.891026, "relative_strength": -11.095691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.929083, "energy": 27.594221, "activity_lines": [ 480.8, 471.854545, 499.566667, 520.548387 ] }, { "date": "2025-07-25", "close": 494.0, "volume": 870776, "typical_volume": 2241285.2, "trend": 540.766667, "fair_value": 608.685897, "relative_strength": -9.627372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.991391, "energy": 23.766462, "activity_lines": [ 488.2, 476.272727, 496.557143, 517.425806 ] }, { "date": "2025-08-01", "close": 480.0, "volume": 750326, "typical_volume": 2181918.05, "trend": 538.2, "fair_value": 605.429487, "relative_strength": -11.565348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.789621, "energy": 19.519886, "activity_lines": [ 487.0, 478.190909, 492.571429, 513.505376 ] }, { "date": "2025-08-08", "close": 340.0, "volume": 4284187, "typical_volume": 2284647.8, "trend": 531.6, "fair_value": 601.576923, "relative_strength": -37.179266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.3501, "energy": 60.802059, "activity_lines": [ 437.133333, 454.245455, 475.72381, 500.71828 ] }, { "date": "2025-08-15", "close": 342.5, "volume": 2481096, "typical_volume": 2335126.25, "trend": 523.683333, "fair_value": 598.080128, "relative_strength": -36.690271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.342994, "energy": 88.749894, "activity_lines": [ 398.7, 432.845455, 460.195238, 488.51828 ] }, { "date": "2025-08-22", "close": 346.5, "volume": 2532728, "typical_volume": 2342035.35, "trend": 515.166667, "fair_value": 595.076923, "relative_strength": -36.936894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.494893, "energy": 91.373743, "activity_lines": [ 371.766667, 414.609091, 446.283333, 477.087097 ] }, { "date": "2025-08-29", "close": 337.5, "volume": 1181340, "typical_volume": 2207436.15, "trend": 505.816667, "fair_value": 592.36859, "relative_strength": -37.41315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.412212, "energy": 90.603315, "activity_lines": [ 350.733333, 396.663636, 432.635714, 465.624731 ] }, { "date": "2025-09-05", "close": 334.0, "volume": 2069973, "typical_volume": 2257257.35, "trend": 497.55, "fair_value": 589.176282, "relative_strength": -38.022243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.022842, "energy": 88.983116, "activity_lines": [ 338.966667, 379.854545, 419.842857, 454.539785 ] }, { "date": "2025-09-12", "close": 328.0, "volume": 1313314, "typical_volume": 2249762.45, "trend": 488.916667, "fair_value": 586.028846, "relative_strength": -39.397658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.42083, "energy": 87.78222, "activity_lines": [ 334.933333, 364.063636, 407.75, 443.601075 ] }, { "date": "2025-09-19", "close": 333.5, "volume": 5103604, "typical_volume": 2439240.85, "trend": 480.6, "fair_value": 583.326923, "relative_strength": -37.672158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.654281, "energy": 70.164741, "activity_lines": [ 333.533333, 352.381818, 397.380952, 433.574194 ] }, { "date": "2025-09-26", "close": 328.5, "volume": 1298824, "typical_volume": 2334047.85, "trend": 472.55, "fair_value": 580.86859, "relative_strength": -38.749402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.567763, "energy": 65.64332, "activity_lines": [ 331.066667, 342.727273, 387.842857, 423.76129 ] }, { "date": "2025-10-03", "close": 320.0, "volume": 2025822, "typical_volume": 2267253.5, "trend": 464.25, "fair_value": 578.227564, "relative_strength": -41.303627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.206558, "energy": 65.818223, "activity_lines": [ 326.966667, 334.281818, 378.502381, 413.919355 ] }, { "date": "2025-10-10", "close": 307.0, "volume": 1349195, "typical_volume": 2227909.75, "trend": 455.183333, "fair_value": 575.567308, "relative_strength": -42.883741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.434622, "energy": 66.311308, "activity_lines": [ 319.7, 326.636364, 368.764286, 403.774194 ] }, { "date": "2025-10-17", "close": 288.5, "volume": 1232436, "typical_volume": 2124082.95, "trend": 445.9, "fair_value": 572.660256, "relative_strength": -45.482206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.083735, "energy": 68.706121, "activity_lines": [ 308.066667, 318.772727, 357.980952, 393.02043 ] }, { "date": "2025-10-24", "close": 315.5, "volume": 2609612, "typical_volume": 2051647.9, "trend": 436.35, "fair_value": 569.823718, "relative_strength": -41.750956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.66637, "energy": 61.80971, "activity_lines": [ 308.066667, 316.754545, 350.561905, 384.607527 ] }, { "date": "2025-10-31", "close": 309.5, "volume": 3241674, "typical_volume": 2129991.65, "trend": 427.266667, "fair_value": 566.679487, "relative_strength": -42.780557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.480825, "energy": 57.90209, "activity_lines": [ 307.266667, 314.136364, 343.338095, 376.423656 ] }, { "date": "2025-11-07", "close": 289.0, "volume": 2282574, "typical_volume": 2148472.0, "trend": 417.333333, "fair_value": 562.237179, "relative_strength": -45.86457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.042446, "energy": 72.504276, "activity_lines": [ 300.9, 308.463636, 334.842857, 367.503226 ] }, { "date": "2025-11-14", "close": 271.5, "volume": 1895864, "typical_volume": 2050721.95, "trend": 406.35, "fair_value": 558.349359, "relative_strength": -48.72031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.131845, "energy": 71.586271, "activity_lines": [ 290.766667, 300.490909, 325.37619, 358.094624 ] }, { "date": "2025-11-21", "close": 269.5, "volume": 2081545, "typical_volume": 2088667.85, "trend": 396.0, "fair_value": 554.339744, "relative_strength": -47.77005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.20821, "energy": 79.368252, "activity_lines": [ 282.333333, 293.290909, 316.569048, 349.265591 ] }, { "date": "2025-11-28", "close": 282.0, "volume": 7026786, "typical_volume": 2359361.1, "trend": 385.133333, "fair_value": 551.358974, "relative_strength": -45.722319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.274844, "energy": 67.018459, "activity_lines": [ 279.333333, 289.427273, 310.045238, 341.910753 ] }, { "date": "2025-12-05", "close": 294.5, "volume": 2284935, "typical_volume": 2395830.55, "trend": 376.95, "fair_value": 548.266026, "relative_strength": -42.217282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.742119, "energy": 56.034628, "activity_lines": [ 282.733333, 288.772727, 305.72619, 336.063441 ] }, { "date": "2025-12-12", "close": 283.0, "volume": 1480333, "typical_volume": 2426308.4, "trend": 369.833333, "fair_value": 545.304487, "relative_strength": -43.547547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.087636, "energy": 50.408138, "activity_lines": [ 283.3, 286.645455, 301.195238, 330.002151 ] }, { "date": "2025-12-19", "close": 293.0, "volume": 1095640, "typical_volume": 2443574.1, "trend": 364.35, "fair_value": 542.445513, "relative_strength": -42.189426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.07009, "energy": 38.239218, "activity_lines": [ 287.6, 287.009091, 298.621429, 325.045161 ] }, { "date": "2025-12-26", "close": 281.5, "volume": 444150, "typical_volume": 2251572.25, "trend": 358.566667, "fair_value": 539.429487, "relative_strength": -43.499605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.987493, "energy": 36.081803, "activity_lines": [ 286.633333, 285.536364, 295.842857, 319.7 ] }, { "date": "2026-01-02", "close": 270.0, "volume": 974826, "typical_volume": 2176258.75, "trend": 351.683333, "fair_value": 536.102564, "relative_strength": -45.401166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.960384, "energy": 43.939934, "activity_lines": [ 281.033333, 282.1, 292.247619, 313.986022 ] }, { "date": "2026-01-09", "close": 328.0, "volume": 3380015, "typical_volume": 2218623.1, "trend": 347.533333, "fair_value": 533.288462, "relative_strength": -33.970332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.107958, "energy": 17.027978, "activity_lines": [ 295.566667, 290.036364, 294.521429, 312.458065 ] }, { "date": "2026-01-16", "close": 362.0, "volume": 3887452, "typical_volume": 2353928.7, "trend": 345.1, "fair_value": 530.923077, "relative_strength": -26.974395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.846691, "energy": 16.383512, "activity_lines": [ 319.2, 303.818182, 300.121429, 313.391398 ] }, { "date": "2026-01-23", "close": 333.0, "volume": 3359161, "typical_volume": 2418388.1, "trend": 341.2, "fair_value": 528.416667, "relative_strength": -31.178182, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.249026, "energy": 19.692438, "activity_lines": [ 327.9, 311.0, 302.842857, 312.610753 ] }, { "date": "2026-01-30", "close": 309.0, "volume": 3287559, "typical_volume": 2517100.35, "trend": 334.866667, "fair_value": 525.923077, "relative_strength": -35.573155, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.206933, "energy": 22.333854, "activity_lines": [ 325.933333, 312.7, 303.283333, 310.533333 ] }, { "date": "2026-02-06", "close": 291.5, "volume": 5943144, "typical_volume": 2559077.35, "trend": 328.083333, "fair_value": 523.253205, "relative_strength": -39.111401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.282063, "energy": 18.086772, "activity_lines": [ 316.3, 310.5, 302.147619, 307.735484 ] }, { "date": "2026-02-13", "close": 300.0, "volume": 3498680, "typical_volume": 2669070.15, "trend": 322.083333, "fair_value": 520.669872, "relative_strength": -36.781522, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.684477, "energy": 13.29055, "activity_lines": [ 308.066667, 309.672727, 302.021429, 305.923656 ] }, { "date": "2026-02-20", "close": 315.5, "volume": 1311500, "typical_volume": 2633354.05, "trend": 316.133333, "fair_value": 518.230769, "relative_strength": -33.95445, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.261347, "energy": 15.958257, "activity_lines": [ 306.866667, 311.563636, 303.507143, 305.498925 ] }, { "date": "2026-02-27", "close": 312.0, "volume": 2397001, "typical_volume": 2685744.35, "trend": 310.533333, "fair_value": 515.891026, "relative_strength": -35.016827, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.773812, "energy": 10.46594, "activity_lines": [ 307.6, 312.227273, 304.680952, 305.232258 ] }, { "date": "2026-03-06", "close": 313.0, "volume": 2620659, "typical_volume": 2755155.5, "trend": 309.633333, "fair_value": 513.762821, "relative_strength": -29.763855, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.209768, "energy": 3.846708, "activity_lines": [ 310.066667, 312.727273, 305.92619, 305.391398 ] }, { "date": "2026-03-13", "close": 303.5, "volume": 1880178, "typical_volume": 2718683.8, "trend": 308.333333, "fair_value": 511.567308, "relative_strength": -30.58379, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.723079, "energy": 3.308147, "activity_lines": [ 309.1, 310.927273, 306.15, 304.995699 ] }, { "date": "2026-03-20", "close": 327.5, "volume": 5179381, "typical_volume": 2815569.15, "trend": 307.7, "fair_value": 509.621795, "relative_strength": -21.349288, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.713507, "energy": 17.100359, "activity_lines": [ 315.333333, 312.881818, 308.716667, 306.232258 ] }, { "date": "2026-03-27", "close": 327.0, "volume": 2762521, "typical_volume": 2839566.5, "trend": 307.35, "fair_value": 507.782051, "relative_strength": -20.519461, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.81144, "energy": 31.508122, "activity_lines": [ 319.566667, 314.754545, 311.15, 307.477419 ] }, { "date": "2026-04-03", "close": 338.5, "volume": 1360083, "typical_volume": 2812777.45, "trend": 307.5, "fair_value": 506.233974, "relative_strength": -19.935593, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.516356, "energy": 43.187228, "activity_lines": [ 326.866667, 319.354545, 314.497619, 309.487097 ] }, { "date": "2026-04-10", "close": 333.0, "volume": 1062669, "typical_volume": 2761833.65, "trend": 307.666667, "fair_value": 504.233974, "relative_strength": -20.867881, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.572636, "energy": 51.259897, "activity_lines": [ 330.566667, 322.854545, 317.002381, 311.132258 ] }, { "date": "2026-04-17", "close": 392.0, "volume": 3046220, "typical_volume": 2562805.35, "trend": 309.616667, "fair_value": 502.599359, "relative_strength": -5.796225, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.518018, "energy": 75.960575, "activity_lines": [ 352.6, 336.645455, 324.82381, 316.573118 ] }, { "date": "2026-04-24", "close": 344.200012, "volume": 1375511, "typical_volume": 2517334.15, "trend": 310.14, "fair_value": 500.31218, "relative_strength": -13.458437, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.973288, "energy": 65.606561, "activity_lines": [ 352.800004, 339.918184, 327.569049, 318.804302 ] }, { "date": "2026-05-01", "close": 347.399994, "volume": 1048176, "typical_volume": 2495726.3, "trend": 311.053334, "fair_value": 498.039103, "relative_strength": -10.861358, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.303101, "energy": 62.104886, "activity_lines": [ 352.953335, 342.969092, 330.382381, 321.208172 ] }, { "date": "2026-05-08", "close": 356.799988, "volume": 2896963, "typical_volume": 2585792.45, "trend": 312.713333, "fair_value": 495.775, "relative_strength": -5.919804, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.987784, "energy": 60.064471, "activity_lines": [ 354.879997, 347.149089, 333.784285, 324.159569 ] }, { "date": "2026-05-15", "close": 401.600006, "volume": 3633146, "typical_volume": 2745242.25, "trend": 316.483333, "fair_value": 493.676282, "relative_strength": 7.274212, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.92974, "energy": 56.019962, "activity_lines": [ 370.519999, 358.66, 341.149048, 329.894194 ] }, { "date": "2026-05-22", "close": 404.399994, "volume": 1135149, "typical_volume": 2753258.4, "trend": 319.446666, "fair_value": 491.525, "relative_strength": 5.994444, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.009051, "energy": 71.136346, "activity_lines": [ 382.519997, 369.06909, 348.208571, 335.566236 ] }, { "date": "2026-05-29", "close": 427.600006, "volume": 1565613, "typical_volume": 2662538.3, "trend": 323.383333, "fair_value": 489.509615, "relative_strength": 13.333985, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.186405, "energy": 83.323303, "activity_lines": [ 401.426666, 381.861818, 356.837619, 342.543871 ] }, { "date": "2026-06-05", "close": 428.2, "volume": 425252, "typical_volume": 2489428.3, "trend": 328.023333, "fair_value": 487.555769, "relative_strength": 14.711829, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.727739, "energy": 85.090595, "activity_lines": [ 414.973334, 392.943636, 365.049524, 349.306237 ] }, { "date": "2026-06-12", "close": 425.6, "volume": 257628, "typical_volume": 2334351.65, "trend": 333.16, "fair_value": 485.316026, "relative_strength": 13.523009, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.303138, "energy": 82.70325, "activity_lines": [ 422.266667, 401.712727, 372.698571, 355.601505 ] }, { "date": "2026-06-19", "close": 411.0, "volume": 507516, "typical_volume": 2195349.5, "trend": 337.876667, "fair_value": 483.425, "relative_strength": 11.368518, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.82535, "energy": 73.312845, "activity_lines": [ 420.106667, 406.243636, 378.51619, 360.623441 ] }, { "date": "2026-06-26", "close": 400.0, "volume": 890578, "typical_volume": 1942721.2, "trend": 341.81, "fair_value": 481.194231, "relative_strength": 7.655527, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.153859, "energy": 52.389497, "activity_lines": [ 413.653334, 407.356364, 382.800476, 364.631398 ] }, { "date": "2026-07-03", "close": 412.2, "volume": 141477, "typical_volume": 1774861.05, "trend": 345.733333, "fair_value": 479.214744, "relative_strength": 10.23928, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.087455, "energy": 45.542843, "activity_lines": [ 411.56, 410.541818, 387.73, 369.172688 ] }, { "date": "2026-07-10", "close": 413.2, "volume": 1766282, "typical_volume": 1797600.15, "trend": 350.073333, "fair_value": 477.06859, "relative_strength": 13.416164, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.686784, "energy": 37.027061, "activity_lines": [ 410.826667, 412.672727, 392.220476, 373.525376 ] }, { "date": "2026-07-17", "close": 440.6, "volume": 2069989, "typical_volume": 1781249.55, "trend": 354.993333, "fair_value": 475.18141, "relative_strength": 20.549992, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.594269, "energy": 50.52745, "activity_lines": [ 420.226667, 418.589091, 398.855238, 379.365806 ] }, { "date": "2026-07-24", "close": 432.2, "volume": 3275519, "typical_volume": 1813992.55, "trend": 360.016667, "fair_value": 473.336538, "relative_strength": 17.668797, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.404353, "energy": 51.665173, "activity_lines": [ 425.826667, 421.454546, 404.077619, 384.346882 ] }, { "date": "2026-07-31", "close": 455.0, "volume": 4812708, "typical_volume": 1960619.05, "trend": 366.183333, "fair_value": 471.721154, "relative_strength": 23.138656, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.059593, "energy": 64.561541, "activity_lines": [ 437.613333, 427.909091, 410.903809, 390.474839 ] }, { "date": "2026-08-07", "close": 451.0, "volume": 5672024, "typical_volume": 1985251.2, "trend": 370.283333, "fair_value": 470.041667, "relative_strength": 21.412501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.303511, "energy": 67.862786, "activity_lines": [ 444.4, 432.716364, 416.627619, 395.946882 ] } ], "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." } } }