{ "ticker": { "uuid": "a750f548-73c2-477a-bd44-82cba1106057", "symbol": "NOVT", "name": "Novanta Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 46.719, "architecture_energy": 22.108, "architecture_maturity": 49.623, "architecture_confidence": 94.206, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 33.59, "rotation_up": 30.88, "upward_expansion": 55.95, "deceleration": 86.94, "rotation_down": 32.57, "downward_expansion": 21.95 }, "activity_lines": [ 152.049333, 153.488909, 151.489143, 146.275677 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 166.37, "trend_reference": 141.362, "distance_from_trend": 0.176908, "trend_direction": "Improving", "fair_value": 145.103269, "distance_from_fair_value": 0.146563, "fair_value_direction": "Improving", "relative_strength": 12.756991, "relative_strength_direction": "Improving", "price_momentum": 0.176009, "excess_performance": -0.011445, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.176908, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.103787, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.146563, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.202118, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.12757, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.189717, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.176009, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.456379, "read": "Demand-led" } ], "volume": { "latest": 3295012, "relative_activity": 1.430972, "balance": 1.456379, "dry_up": 1.003749, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.103727, "annualized_volatility": 0.40881, "from_high_reference": -0.056726, "from_low_reference": 0.692989 }, "levels": { "trend_reference": 141.362, "fair_value_reference": 145.103269, "structural_low": 111.93, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.051305, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": 0.009629, "regime_survival": 0.4, "best_return": 0.18735, "worst_return": -0.130509, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.126162, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.002714, "regime_survival": 0.166667, "best_return": 0.364076, "worst_return": -0.246201, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.045475, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.013842, "regime_survival": 0.0, "best_return": 0.06774, "worst_return": -0.286191, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.047783, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.272431, "regime_survival": 0.0, "best_return": 0.239494, "worst_return": -0.120329, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-23", "end": "2024-04-19", "tenure": "Developing", "return": -0.057588, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-08-23", "tenure": "Established", "return": 0.151371, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-11-08", "tenure": "Developing", "return": -0.003437, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": -0.014745, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-13", "end": "2024-12-27", "tenure": "New", "return": -0.068953, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-06-27", "tenure": "Established", "return": -0.144737, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-15", "tenure": "Developing", "return": -0.137703, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2025-12-05", "tenure": "Established", "return": -0.057168, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-09", "tenure": "Developing", "return": 0.100799, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": 0.024671, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.132154, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-08", "tenure": "Developing", "return": 0.214844, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-24", "tenure": "Developing", "return": -0.074841, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.167099, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 149.42, "volume": 552947, "typical_volume": 609938.2, "trend": 162.801333, "fair_value": 141.708462, "relative_strength": -15.125556, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -34.148308, "energy": 33.829736, "activity_lines": [ 160.583333, 167.644727, 168.254714, 165.617742 ] }, { "date": "2023-08-25", "close": 155.27, "volume": 432192, "typical_volume": 606381.35, "trend": 162.618, "fair_value": 142.013269, "relative_strength": -13.121739, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -25.785784, "energy": 37.22127, "activity_lines": [ 157.139333, 164.824, 167.226286, 165.131849 ] }, { "date": "2023-09-01", "close": 168.27, "volume": 669717, "typical_volume": 620839.3, "trend": 162.648, "fair_value": 142.434808, "relative_strength": -9.255018, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -16.29677, "energy": 30.44768, "activity_lines": [ 159.385333, 164.627818, 167.411762, 165.496495 ] }, { "date": "2023-09-08", "close": 158.14, "volume": 572327, "typical_volume": 630811.2, "trend": 162.554333, "fair_value": 142.831538, "relative_strength": -13.511618, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -20.002405, "energy": 36.28775, "activity_lines": [ 158.784667, 162.598182, 166.581667, 165.205656 ] }, { "date": "2023-09-15", "close": 156.59, "volume": 982017, "typical_volume": 660050.3, "trend": 162.321667, "fair_value": 143.155128, "relative_strength": -13.895808, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -22.191725, "energy": 21.81807, "activity_lines": [ 158.685333, 160.758727, 165.607524, 164.82086 ] }, { "date": "2023-09-22", "close": 140.18, "volume": 959979, "typical_volume": 673432.25, "trend": 161.770333, "fair_value": 143.393782, "relative_strength": -20.110558, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -51.987671, "energy": 37.870922, "activity_lines": [ 152.899333, 156.263455, 163.052667, 163.392366 ] }, { "date": "2023-09-29", "close": 143.44, "volume": 1031464, "typical_volume": 692839.1, "trend": 161.51, "fair_value": 143.624808, "relative_strength": -18.221549, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.622761, "energy": 61.549149, "activity_lines": [ 148.816, 153.135091, 160.914048, 162.209763 ] }, { "date": "2023-10-06", "close": 144.05, "volume": 561983, "typical_volume": 693100.35, "trend": 161.514667, "fair_value": 143.808654, "relative_strength": -19.183724, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.415106, "energy": 75.251263, "activity_lines": [ 145.724667, 150.702727, 158.918905, 161.083312 ] }, { "date": "2023-10-13", "close": 147.63, "volume": 763000, "typical_volume": 698693.7, "trend": 161.492, "fair_value": 144.017885, "relative_strength": -17.186286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.908335, "energy": 74.663348, "activity_lines": [ 145.441333, 149.506182, 157.371, 160.187527 ] }, { "date": "2023-10-20", "close": 135.36, "volume": 1240484, "typical_volume": 725818.05, "trend": 160.979667, "fair_value": 144.152564, "relative_strength": -21.557343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.227049, "energy": 78.26634, "activity_lines": [ 141.768667, 146.547455, 154.743381, 158.501591 ] }, { "date": "2023-10-27", "close": 129.6, "volume": 773772, "typical_volume": 722215.45, "trend": 159.996667, "fair_value": 144.28641, "relative_strength": -22.462075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.476574, "energy": 77.066514, "activity_lines": [ 137.591333, 142.868364, 151.731048, 156.477097 ] }, { "date": "2023-11-03", "close": 141.44, "volume": 859711, "typical_volume": 704625.6, "trend": 159.705, "fair_value": 144.419038, "relative_strength": -20.076979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.842978, "energy": 51.465627, "activity_lines": [ 138.066, 141.702364, 150.028333, 155.279892 ] }, { "date": "2023-11-10", "close": 123.25, "volume": 1910970, "typical_volume": 764176.5, "trend": 158.56, "fair_value": 144.482436, "relative_strength": -31.728549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.433094, "energy": 71.89121, "activity_lines": [ 132.610667, 137.480545, 146.727429, 152.927957 ] }, { "date": "2023-11-17", "close": 141.45, "volume": 1114718, "typical_volume": 790280.95, "trend": 157.978667, "fair_value": 144.644167, "relative_strength": -22.632106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.482506, "energy": 48.303582, "activity_lines": [ 134.608667, 137.386364, 145.376429, 151.824086 ] }, { "date": "2023-11-24", "close": 144.41, "volume": 408346, "typical_volume": 787446.5, "trend": 157.697667, "fair_value": 144.808782, "relative_strength": -21.111279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.031295, "energy": 37.610362, "activity_lines": [ 138.005333, 138.133818, 144.510429, 150.948688 ] }, { "date": "2023-12-01", "close": 147.84, "volume": 853053, "typical_volume": 806452.5, "trend": 157.212667, "fair_value": 144.987885, "relative_strength": -18.764594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.512026, "energy": 27.264767, "activity_lines": [ 141.942, 139.726364, 144.114952, 150.31271 ] }, { "date": "2023-12-08", "close": 153.89, "volume": 810310, "typical_volume": 813723.7, "trend": 156.963333, "fair_value": 145.200385, "relative_strength": -15.452526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.685875, "energy": 20.810844, "activity_lines": [ 146.679333, 142.279636, 144.461952, 150.098344 ] }, { "date": "2023-12-15", "close": 168.15, "volume": 1399459, "typical_volume": 862215.15, "trend": 157.022667, "fair_value": 145.476667, "relative_strength": -10.230195, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.113546, "energy": 26.256534, "activity_lines": [ 155.34, 147.235636, 146.270524, 150.820065 ] }, { "date": "2023-12-22", "close": 168.71, "volume": 877373, "typical_volume": 885454.95, "trend": 157.103333, "fair_value": 145.783718, "relative_strength": -10.383951, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.285612, "energy": 43.014781, "activity_lines": [ 161.194, 151.855273, 148.170857, 151.574086 ] }, { "date": "2023-12-29", "close": 168.41, "volume": 384089, "typical_volume": 857895.55, "trend": 157.058, "fair_value": 146.105449, "relative_strength": -10.456285, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.555943, "energy": 56.945292, "activity_lines": [ 165.130667, 156.037091, 150.065, 152.303548 ] }, { "date": "2024-01-05", "close": 153.88, "volume": 571205, "typical_volume": 858808.45, "trend": 156.593333, "fair_value": 146.253526, "relative_strength": -15.084278, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.907238, "energy": 46.930681, "activity_lines": [ 162.624, 156.976182, 150.503571, 152.098516 ] }, { "date": "2024-01-12", "close": 155.69, "volume": 479934, "typical_volume": 861195.55, "trend": 156.129, "fair_value": 146.427756, "relative_strength": -16.210896, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.065852, "energy": 26.890701, "activity_lines": [ 160.318, 157.802909, 151.093286, 152.040237 ] }, { "date": "2024-01-19", "close": 157.45, "volume": 597506, "typical_volume": 857585.0, "trend": 155.753, "fair_value": 146.575513, "relative_strength": -16.999735, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 6.041023, "energy": 12.32414, "activity_lines": [ 158.478667, 158.690545, 151.848619, 152.125462 ] }, { "date": "2024-01-26", "close": 157.24, "volume": 431046, "typical_volume": 850520.95, "trend": 154.857667, "fair_value": 146.782692, "relative_strength": -17.003266, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 9.720126, "energy": 10.102026, "activity_lines": [ 157.282667, 158.918182, 152.635476, 152.221398 ] }, { "date": "2024-02-02", "close": 157.17, "volume": 550496, "typical_volume": 828944.9, "trend": 154.276, "fair_value": 146.923782, "relative_strength": -17.391673, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 8.308506, "energy": 8.498457, "activity_lines": [ 156.828, 158.846, 153.419952, 152.370581 ] }, { "date": "2024-02-09", "close": 167.44, "volume": 568921, "typical_volume": 809392.0, "trend": 153.765333, "fair_value": 147.071346, "relative_strength": -13.018206, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 37.779916, "energy": 25.829397, "activity_lines": [ 160.546, 160.409091, 155.179762, 153.219871 ] }, { "date": "2024-02-16", "close": 161.03, "volume": 678760, "typical_volume": 791756.8, "trend": 153.279, "fair_value": 147.179679, "relative_strength": -14.443303, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 50.485848, "energy": 41.600484, "activity_lines": [ 161.223333, 160.450364, 156.199286, 153.688559 ] }, { "date": "2024-02-23", "close": 158.54, "volume": 579019, "typical_volume": 792608.6, "trend": 152.689667, "fair_value": 147.347692, "relative_strength": -16.309543, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.259151, "energy": 36.670462, "activity_lines": [ 160.714667, 159.909091, 156.897905, 154.027978 ] }, { "date": "2024-03-01", "close": 175.28, "volume": 1128097, "typical_volume": 810863.45, "trend": 152.752, "fair_value": 147.6575, "relative_strength": -8.842098, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.542043, "energy": 61.687802, "activity_lines": [ 165.713333, 162.586182, 159.12181, 155.485419 ] }, { "date": "2024-03-08", "close": 176.54, "volume": 608630, "typical_volume": 779270.75, "trend": 153.525333, "fair_value": 147.956218, "relative_strength": -6.391221, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.478571, "energy": 65.358884, "activity_lines": [ 169.929333, 165.372909, 161.334048, 157.020129 ] }, { "date": "2024-03-15", "close": 173.25, "volume": 744365, "typical_volume": 777800.4, "trend": 154.319667, "fair_value": 148.219103, "relative_strength": -6.680972, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.413714, "energy": 67.368471, "activity_lines": [ 171.757333, 167.413636, 163.036857, 158.292688 ] }, { "date": "2024-03-22", "close": 173.07, "volume": 527419, "typical_volume": 761185.8, "trend": 154.913, "fair_value": 148.480769, "relative_strength": -9.089206, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.469677, "energy": 68.907745, "activity_lines": [ 173.138, 169.069455, 164.514667, 159.502387 ] }, { "date": "2024-03-29", "close": 174.77, "volume": 541814, "typical_volume": 692728.0, "trend": 155.129667, "fair_value": 148.736603, "relative_strength": -7.265457, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.98653, "energy": 62.113407, "activity_lines": [ 174.282667, 170.718364, 166.003762, 160.783484 ] }, { "date": "2024-04-05", "close": 168.41, "volume": 486575, "typical_volume": 661320.85, "trend": 155.472, "fair_value": 148.945577, "relative_strength": -9.540692, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.609035, "energy": 41.71343, "activity_lines": [ 172.225333, 170.896, 166.64181, 161.64028 ] }, { "date": "2024-04-12", "close": 163.0, "volume": 620016, "typical_volume": 671904.35, "trend": 155.685667, "fair_value": 149.120769, "relative_strength": -11.499384, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.211023, "energy": 26.158475, "activity_lines": [ 168.822667, 169.886909, 166.636238, 162.125957 ] }, { "date": "2024-04-19", "close": 149.41, "volume": 789323, "typical_volume": 668717.85, "trend": 155.993333, "fair_value": 149.19359, "relative_strength": -13.68485, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 4.144173, "energy": 12.562527, "activity_lines": [ 161.792667, 166.300909, 165.247857, 161.721075 ] }, { "date": "2024-04-26", "close": 159.41, "volume": 669569, "typical_volume": 661680.8, "trend": 156.525667, "fair_value": 149.371154, "relative_strength": -10.961885, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.308281, "energy": 22.625931, "activity_lines": [ 159.685333, 164.860909, 164.804381, 161.941505 ] }, { "date": "2024-05-03", "close": 159.89, "volume": 644470, "typical_volume": 623931.35, "trend": 157.053667, "fair_value": 149.569872, "relative_strength": -11.039561, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.798316, "energy": 20.310817, "activity_lines": [ 158.648667, 163.537636, 164.380333, 162.158559 ] }, { "date": "2024-05-10", "close": 161.28, "volume": 866746, "typical_volume": 623400.0, "trend": 157.508667, "fair_value": 149.74391, "relative_strength": -11.042499, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.5076, "energy": 18.078117, "activity_lines": [ 159.067333, 162.442545, 164.128, 162.431226 ] }, { "date": "2024-05-17", "close": 163.0, "volume": 700406, "typical_volume": 639215.85, "trend": 158.43, "fair_value": 149.909615, "relative_strength": -11.45591, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.649848, "energy": 10.460051, "activity_lines": [ 160.534667, 161.914727, 164.074857, 162.785505 ] }, { "date": "2024-05-24", "close": 164.46, "volume": 484961, "typical_volume": 634903.65, "trend": 159.592, "fair_value": 150.073013, "relative_strength": -11.36273, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.924485, "energy": 10.618774, "activity_lines": [ 162.488667, 161.898545, 164.186524, 163.174538 ] }, { "date": "2024-05-31", "close": 162.16, "volume": 379602, "typical_volume": 629887.05, "trend": 160.282667, "fair_value": 150.219872, "relative_strength": -10.680775, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.264741, "energy": 13.337862, "activity_lines": [ 162.672667, 161.624, 164.028762, 163.340215 ] }, { "date": "2024-06-07", "close": 160.93, "volume": 422099, "typical_volume": 621116.7, "trend": 161.538667, "fair_value": 150.386026, "relative_strength": -13.169221, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.615932, "energy": 6.403554, "activity_lines": [ 162.263333, 161.324182, 163.723048, 163.381978 ] }, { "date": "2024-06-14", "close": 161.26, "volume": 556017, "typical_volume": 627365.25, "trend": 162.199, "fair_value": 150.609615, "relative_strength": -15.41986, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.357843, "energy": 4.088612, "activity_lines": [ 161.894667, 161.336, 163.43219, 163.364 ] }, { "date": "2024-06-21", "close": 167.36, "volume": 774763, "typical_volume": 638578.6, "trend": 162.964, "fair_value": 150.846923, "relative_strength": -11.893231, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.817594, "energy": 8.79147, "activity_lines": [ 163.560667, 162.586909, 163.703143, 163.696968 ] }, { "date": "2024-06-28", "close": 163.11, "volume": 894430, "typical_volume": 654854.05, "trend": 163.473, "fair_value": 151.011923, "relative_strength": -13.398757, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.103563, "energy": 2.372277, "activity_lines": [ 163.519333, 162.985818, 163.52081, 163.706387 ] }, { "date": "2024-07-05", "close": 159.4, "volume": 472503, "typical_volume": 644541.2, "trend": 163.656667, "fair_value": 151.155641, "relative_strength": -17.636929, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.639138, "energy": 18.193292, "activity_lines": [ 162.331333, 162.461091, 163.005762, 163.443613 ] }, { "date": "2024-07-12", "close": 171.82, "volume": 928269, "typical_volume": 662003.7, "trend": 163.779, "fair_value": 151.405513, "relative_strength": -10.368228, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.745235, "energy": 16.572252, "activity_lines": [ 165.467333, 164.194727, 163.681333, 163.97028 ] }, { "date": "2024-07-19", "close": 172.49, "volume": 971951, "typical_volume": 654196.4, "trend": 163.905, "fair_value": 151.630449, "relative_strength": -5.80739, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.108744, "energy": 37.694436, "activity_lines": [ 168.100667, 165.833273, 164.357476, 164.53228 ] }, { "date": "2024-07-26", "close": 185.16, "volume": 969280, "typical_volume": 672228.9, "trend": 164.463333, "fair_value": 151.917308, "relative_strength": 4.117236, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.818664, "energy": 68.310234, "activity_lines": [ 174.208667, 169.571636, 166.253571, 165.90357 ] }, { "date": "2024-08-02", "close": 162.69, "volume": 916657, "typical_volume": 680843.5, "trend": 164.757, "fair_value": 152.059872, "relative_strength": -5.111708, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.132536, "energy": 44.856942, "activity_lines": [ 171.64, 168.821636, 165.968619, 165.789161 ] }, { "date": "2024-08-09", "close": 171.22, "volume": 999542, "typical_volume": 704449.65, "trend": 165.274667, "fair_value": 152.219487, "relative_strength": -0.296742, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.75811, "energy": 40.425637, "activity_lines": [ 171.942667, 169.654727, 166.546333, 166.206129 ] }, { "date": "2024-08-16", "close": 180.32, "volume": 537806, "typical_volume": 704249.25, "trend": 166.037, "fair_value": 152.417244, "relative_strength": -0.235989, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.29512, "energy": 43.684621, "activity_lines": [ 174.490667, 171.977636, 167.999524, 167.176796 ] }, { "date": "2024-08-23", "close": 183.54, "volume": 569019, "typical_volume": 708371.45, "trend": 166.913667, "fair_value": 152.625513, "relative_strength": 0.733943, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.438981, "energy": 35.729573, "activity_lines": [ 177.545333, 174.533455, 169.732952, 168.306022 ] }, { "date": "2024-08-30", "close": 183.28, "volume": 695958, "typical_volume": 712168.55, "trend": 167.784, "fair_value": 152.820962, "relative_strength": 1.70827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.489539, "energy": 52.523663, "activity_lines": [ 179.776667, 176.636909, 171.369571, 169.361914 ] }, { "date": "2024-09-06", "close": 168.4, "volume": 472037, "typical_volume": 696304.25, "trend": 167.816, "fair_value": 152.925897, "relative_strength": -0.541757, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.497253, "energy": 36.325477, "activity_lines": [ 177.173333, 175.745455, 171.492476, 169.401656 ] }, { "date": "2024-09-13", "close": 171.12, "volume": 623335, "typical_volume": 693992.55, "trend": 168.152333, "fair_value": 153.036282, "relative_strength": -4.283424, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.82043, "energy": 22.279043, "activity_lines": [ 175.096, 175.252364, 171.784, 169.614817 ] }, { "date": "2024-09-20", "close": 174.53, "volume": 1026052, "typical_volume": 713071.65, "trend": 168.685333, "fair_value": 153.080641, "relative_strength": -3.654971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.493351, "energy": 16.22583, "activity_lines": [ 174.162, 175.166182, 172.344524, 170.02628 ] }, { "date": "2024-09-27", "close": 176.47, "volume": 594740, "typical_volume": 699471.35, "trend": 168.725, "fair_value": 153.229167, "relative_strength": -3.381297, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.409184, "energy": 17.288967, "activity_lines": [ 174.260667, 175.383455, 173.020095, 170.528516 ] }, { "date": "2024-10-04", "close": 175.0, "volume": 804494, "typical_volume": 704675.75, "trend": 168.673667, "fair_value": 153.316154, "relative_strength": -4.108607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.64554, "energy": 13.885342, "activity_lines": [ 174.340667, 175.261091, 173.483333, 170.933355 ] }, { "date": "2024-10-11", "close": 175.02, "volume": 696607, "typical_volume": 715258.05, "trend": 168.732667, "fair_value": 153.402756, "relative_strength": -5.017272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.356285, "energy": 15.702008, "activity_lines": [ 174.979333, 175.327091, 173.891333, 171.342796 ] }, { "date": "2024-10-18", "close": 178.53, "volume": 562072, "typical_volume": 724381.55, "trend": 168.914667, "fair_value": 153.46891, "relative_strength": -3.213857, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.662208, "energy": 24.197844, "activity_lines": [ 176.346667, 175.807091, 174.583333, 171.974882 ] }, { "date": "2024-10-25", "close": 173.02, "volume": 480322, "typical_volume": 727292.7, "trend": 168.856333, "fair_value": 153.471859, "relative_strength": -6.223809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.557673, "energy": 19.763655, "activity_lines": [ 175.383333, 175.152364, 174.672619, 172.239742 ] }, { "date": "2024-11-01", "close": 174.22, "volume": 717257, "typical_volume": 735354.7, "trend": 169.05, "fair_value": 153.428397, "relative_strength": -3.896789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.89884, "energy": 19.057333, "activity_lines": [ 174.920667, 174.848545, 174.818619, 172.585785 ] }, { "date": "2024-11-08", "close": 182.65, "volume": 1216083, "typical_volume": 757420.7, "trend": 169.705, "fair_value": 153.547115, "relative_strength": -4.615505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.161901, "energy": 31.281083, "activity_lines": [ 177.418, 176.246909, 175.705762, 173.463204 ] }, { "date": "2024-11-15", "close": 168.19, "volume": 974349, "typical_volume": 761416.65, "trend": 170.331, "fair_value": 153.553333, "relative_strength": -8.916997, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.153688, "energy": 5.036083, "activity_lines": [ 174.585333, 175.027636, 175.142952, 173.365462 ] }, { "date": "2024-11-22", "close": 169.79, "volume": 1455747, "typical_volume": 810578.85, "trend": 170.677, "fair_value": 153.614615, "relative_strength": -9.550812, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.664548, "energy": 6.765388, "activity_lines": [ 172.741333, 174.103091, 174.708333, 173.330559 ] }, { "date": "2024-11-29", "close": 166.98, "volume": 820450, "typical_volume": 805187.9, "trend": 170.913333, "fair_value": 153.645833, "relative_strength": -11.488672, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.458146, "energy": 15.859384, "activity_lines": [ 170.543333, 172.691818, 173.956619, 173.092043 ] }, { "date": "2024-12-06", "close": 165.71, "volume": 780629, "typical_volume": 795621.8, "trend": 171.061, "fair_value": 153.6325, "relative_strength": -14.598245, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.788917, "energy": 26.598388, "activity_lines": [ 168.324667, 171.186909, 173.107, 172.756344 ] }, { "date": "2024-12-13", "close": 166.2, "volume": 828153, "typical_volume": 788565.45, "trend": 171.167667, "fair_value": 153.615705, "relative_strength": -14.533987, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.8308, "energy": 39.622969, "activity_lines": [ 166.836667, 169.966727, 172.336333, 172.442731 ] }, { "date": "2024-12-20", "close": 153.5, "volume": 1551894, "typical_volume": 820327.3, "trend": 170.802333, "fair_value": 153.49, "relative_strength": -18.750289, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.294631, "energy": 56.134629, "activity_lines": [ 162.212, 166.597455, 170.446429, 171.302882 ] }, { "date": "2024-12-27", "close": 154.74, "volume": 443468, "typical_volume": 792523.6, "trend": 170.555, "fair_value": 153.351603, "relative_strength": -18.328715, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.233483, "energy": 68.595035, "activity_lines": [ 158.98, 163.844909, 168.718381, 170.266602 ] }, { "date": "2025-01-03", "close": 152.0, "volume": 379496, "typical_volume": 784608.1, "trend": 170.257333, "fair_value": 153.300833, "relative_strength": -18.740919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.724641, "energy": 73.345993, "activity_lines": [ 155.838, 161.026727, 166.807857, 169.069505 ] }, { "date": "2025-01-10", "close": 147.48, "volume": 1106132, "typical_volume": 811463.75, "trend": 169.798, "fair_value": 153.250769, "relative_strength": -18.991057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.006554, "energy": 78.43142, "activity_lines": [ 152.188, 157.768909, 164.601714, 167.6 ] }, { "date": "2025-01-17", "close": 149.63, "volume": 964434, "typical_volume": 824887.55, "trend": 169.207, "fair_value": 153.285128, "relative_strength": -19.718251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.153986, "energy": 72.515318, "activity_lines": [ 150.47, 155.388182, 162.772048, 166.298839 ] }, { "date": "2025-01-24", "close": 148.85, "volume": 874716, "typical_volume": 845021.5, "trend": 168.731667, "fair_value": 153.389103, "relative_strength": -20.934181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.644515, "energy": 67.755703, "activity_lines": [ 149.596667, 153.466, 161.028333, 164.985484 ] }, { "date": "2025-01-31", "close": 149.66, "volume": 1015418, "typical_volume": 864625.65, "trend": 168.407, "fair_value": 153.467244, "relative_strength": -19.027592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.785133, "energy": 55.221812, "activity_lines": [ 149.303333, 152.042727, 159.454857, 163.755054 ] }, { "date": "2025-02-07", "close": 146.41, "volume": 811295, "typical_volume": 853887.8, "trend": 167.56, "fair_value": 153.526987, "relative_strength": -20.425638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.392039, "energy": 60.462771, "activity_lines": [ 148.265333, 150.394545, 157.674048, 162.335892 ] }, { "date": "2025-02-14", "close": 143.17, "volume": 830089, "typical_volume": 865655.25, "trend": 166.582667, "fair_value": 153.597692, "relative_strength": -23.930722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.778064, "energy": 70.41405, "activity_lines": [ 146.52, 148.531273, 155.718571, 160.762344 ] }, { "date": "2025-02-21", "close": 140.51, "volume": 979201, "typical_volume": 874390.6, "trend": 165.094333, "fair_value": 153.614295, "relative_strength": -23.217267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.421934, "energy": 76.139622, "activity_lines": [ 144.175333, 146.594182, 153.668333, 159.080237 ] }, { "date": "2025-02-28", "close": 144.64, "volume": 2275546, "typical_volume": 953337.55, "trend": 164.492667, "fair_value": 153.683205, "relative_strength": -17.669254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.884772, "energy": 67.33387, "activity_lines": [ 143.815333, 145.875091, 152.175667, 157.760602 ] }, { "date": "2025-03-07", "close": 142.99, "volume": 1158633, "typical_volume": 983165.6, "trend": 163.551667, "fair_value": 153.789038, "relative_strength": -15.361996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.489882, "energy": 52.399824, "activity_lines": [ 143.186, 145.017091, 150.670524, 156.373333 ] }, { "date": "2025-03-14", "close": 136.07, "volume": 1177469, "typical_volume": 1018022.95, "trend": 162.076667, "fair_value": 153.736923, "relative_strength": -16.872345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.192286, "energy": 57.137704, "activity_lines": [ 140.694667, 143.114545, 148.675571, 154.600323 ] }, { "date": "2025-03-21", "close": 133.52, "volume": 1398476, "typical_volume": 1052083.9, "trend": 160.409333, "fair_value": 153.673205, "relative_strength": -18.114345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.797112, "energy": 63.660054, "activity_lines": [ 138.042667, 141.038, 146.613714, 152.757957 ] }, { "date": "2025-03-28", "close": 129.08, "volume": 900181, "typical_volume": 1036288.8, "trend": 158.602667, "fair_value": 153.595256, "relative_strength": -18.388655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.596346, "energy": 77.586076, "activity_lines": [ 134.554, 138.408, 144.32281, 150.73671 ] }, { "date": "2025-04-04", "close": 104.12, "volume": 2527462, "typical_volume": 1113944.45, "trend": 156.46, "fair_value": 153.408526, "relative_strength": -26.382606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.173542, "energy": 95.791961, "activity_lines": [ 123.507333, 131.613455, 139.909857, 147.221699 ] }, { "date": "2025-04-11", "close": 112.39, "volume": 3502515, "typical_volume": 1216282.85, "trend": 154.502333, "fair_value": 153.304487, "relative_strength": -25.541471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.13015, "energy": 91.409997, "activity_lines": [ 117.918667, 127.135818, 136.589619, 144.378473 ] }, { "date": "2025-04-18", "close": 114.58, "volume": 1416349, "typical_volume": 1246077.8, "trend": 152.504, "fair_value": 153.223205, "relative_strength": -21.857227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.462868, "energy": 87.030653, "activity_lines": [ 115.1, 123.734, 133.751286, 141.802839 ] }, { "date": "2025-04-25", "close": 119.74, "volume": 1046842, "typical_volume": 1259388.45, "trend": 150.613, "fair_value": 153.165769, "relative_strength": -22.721864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.459178, "energy": 78.554963, "activity_lines": [ 115.434, 121.849091, 131.653905, 139.689032 ] }, { "date": "2025-05-02", "close": 121.98, "volume": 1348117, "typical_volume": 1285386.65, "trend": 148.845667, "fair_value": 153.151987, "relative_strength": -23.357655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.757639, "energy": 58.155841, "activity_lines": [ 117.433333, 120.797455, 129.988762, 137.841742 ] }, { "date": "2025-05-09", "close": 122.84, "volume": 1814158, "typical_volume": 1298499.85, "trend": 147.106333, "fair_value": 153.118526, "relative_strength": -22.151021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.76973, "energy": 43.727678, "activity_lines": [ 120.192667, 120.239091, 128.616095, 136.163957 ] }, { "date": "2025-05-16", "close": 131.17, "volume": 1965821, "typical_volume": 1374617.5, "trend": 145.527667, "fair_value": 153.174103, "relative_strength": -21.69904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.096141, "energy": 26.965866, "activity_lines": [ 124.480667, 121.591636, 128.182762, 135.135806 ] }, { "date": "2025-05-23", "close": 120.13, "volume": 1298854, "typical_volume": 1420585.4, "trend": 143.764667, "fair_value": 153.138333, "relative_strength": -26.005916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.493859, "energy": 24.836632, "activity_lines": [ 123.836667, 121.151818, 126.810238, 133.497247 ] }, { "date": "2025-05-30", "close": 123.82, "volume": 859890, "typical_volume": 1408273.3, "trend": 142.084667, "fair_value": 153.148077, "relative_strength": -24.621836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.073355, "energy": 21.954416, "activity_lines": [ 124.052667, 121.672727, 125.940905, 132.210495 ] }, { "date": "2025-06-06", "close": 127.42, "volume": 781423, "typical_volume": 1399122.75, "trend": 140.243667, "fair_value": 153.197115, "relative_strength": -23.504636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.436514, "energy": 18.234301, "activity_lines": [ 125.196667, 123.024545, 125.527095, 131.264387 ] }, { "date": "2025-06-13", "close": 122.2, "volume": 1039125, "typical_volume": 1407343.2, "trend": 138.710667, "fair_value": 153.260769, "relative_strength": -25.741699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.402411, "energy": 22.980456, "activity_lines": [ 124.238, 123.457455, 124.721905, 130.10028 ] }, { "date": "2025-06-20", "close": 120.56, "volume": 950367, "typical_volume": 1404090.65, "trend": 137.069667, "fair_value": 153.224872, "relative_strength": -26.166357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.462112, "energy": 26.711832, "activity_lines": [ 122.775333, 123.263455, 123.887429, 128.929269 ] }, { "date": "2025-06-27", "close": 130.0, "volume": 1219114, "typical_volume": 1424481.6, "trend": 135.837, "fair_value": 153.291667, "relative_strength": -23.056819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.111563, "energy": 11.246265, "activity_lines": [ 125.166667, 124.637273, 124.090571, 128.473161 ] }, { "date": "2025-07-04", "close": 133.33, "volume": 1146723, "typical_volume": 1440313.3, "trend": 134.757667, "fair_value": 153.328077, "relative_strength": -21.832879, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.124779, "energy": 6.464222, "activity_lines": [ 128.01, 126.336182, 124.689, 128.311419 ] }, { "date": "2025-07-11", "close": 131.64, "volume": 1247670, "typical_volume": 1453736.75, "trend": 133.605667, "fair_value": 153.369679, "relative_strength": -21.996253, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.245505, "energy": 12.036338, "activity_lines": [ 129.656, 127.480727, 125.173333, 128.11028 ] }, { "date": "2025-07-18", "close": 122.96, "volume": 1372354, "typical_volume": 1408577.15, "trend": 132.587667, "fair_value": 153.195833, "relative_strength": -27.387064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.175044, "energy": 15.158568, "activity_lines": [ 128.127333, 126.871455, 124.873238, 127.423462 ] }, { "date": "2025-07-25", "close": 127.21, "volume": 1021768, "typical_volume": 1401733.9, "trend": 131.67, "fair_value": 153.022821, "relative_strength": -24.702838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.166399, "energy": 10.73639, "activity_lines": [ 127.964667, 127.032727, 125.081143, 127.076516 ] }, { "date": "2025-08-01", "close": 120.1, "volume": 1370507, "typical_volume": 1411385.8, "trend": 130.606667, "fair_value": 152.815705, "relative_strength": -26.609309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.919467, "energy": 19.394833, "activity_lines": [ 124.988667, 125.973273, 124.687048, 126.330065 ] }, { "date": "2025-08-08", "close": 115.67, "volume": 2816147, "typical_volume": 1482269.35, "trend": 129.546333, "fair_value": 152.587436, "relative_strength": -31.047226, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.938279, "energy": 36.490144, "activity_lines": [ 121.196, 124.108909, 123.947095, 125.366409 ] }, { "date": "2025-08-15", "close": 114.97, "volume": 2630427, "typical_volume": 1568781.65, "trend": 128.391, "fair_value": 152.346795, "relative_strength": -30.965531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.638493, "energy": 55.62293, "activity_lines": [ 118.347333, 122.265455, 123.225476, 124.426 ] }, { "date": "2025-08-22", "close": 122.97, "volume": 1667509, "typical_volume": 1525784.0, "trend": 127.528333, "fair_value": 152.238269, "relative_strength": -24.616737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.231154, "energy": 48.490421, "activity_lines": [ 119.276667, 122.102909, 123.332952, 124.076258 ] }, { "date": "2025-08-29", "close": 116.41, "volume": 2288348, "typical_volume": 1465075.65, "trend": 126.42, "fair_value": 152.159679, "relative_strength": -27.548278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.107273, "energy": 54.174306, "activity_lines": [ 118.018667, 120.733636, 122.725905, 123.358946 ] }, { "date": "2025-09-05", "close": 116.1, "volume": 1226120, "typical_volume": 1455564.2, "trend": 125.409667, "fair_value": 152.039936, "relative_strength": -27.581688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.668424, "energy": 41.413149, "activity_lines": [ 117.377333, 119.383455, 122.07019, 122.69314 ] }, { "date": "2025-09-12", "close": 114.53, "volume": 1156511, "typical_volume": 1461047.65, "trend": 124.455, "fair_value": 151.966603, "relative_strength": -29.033924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.779585, "energy": 36.094545, "activity_lines": [ 116.479333, 118.000545, 121.257714, 121.991226 ] }, { "date": "2025-09-19", "close": 114.69, "volume": 2050860, "typical_volume": 1496184.8, "trend": 123.594333, "fair_value": 151.932692, "relative_strength": -29.590755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.318796, "energy": 41.683206, "activity_lines": [ 115.710667, 116.988545, 120.485286, 121.361226 ] }, { "date": "2025-09-26", "close": 101.03, "volume": 2308272, "typical_volume": 1520890.5, "trend": 122.140667, "fair_value": 151.838974, "relative_strength": -36.826311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.779953, "energy": 68.869842, "activity_lines": [ 110.407333, 113.801091, 118.446619, 119.905462 ] }, { "date": "2025-10-03", "close": 104.53, "volume": 1962222, "typical_volume": 1520710.55, "trend": 120.858667, "fair_value": 151.757821, "relative_strength": -34.538405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.725133, "energy": 71.973402, "activity_lines": [ 107.733333, 111.648727, 116.845143, 118.76929 ] }, { "date": "2025-10-10", "close": 99.96, "volume": 2092648, "typical_volume": 1560400.25, "trend": 119.655, "fair_value": 151.666282, "relative_strength": -35.065229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.213247, "energy": 78.787119, "activity_lines": [ 104.328, 109.077818, 114.935286, 117.420989 ] }, { "date": "2025-10-17", "close": 105.56, "volume": 1376863, "typical_volume": 1586248.9, "trend": 118.723, "fair_value": 151.545962, "relative_strength": -32.125201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.622434, "energy": 74.218748, "activity_lines": [ 103.865333, 107.891273, 113.65481, 116.511634 ] }, { "date": "2025-10-24", "close": 128.65, "volume": 2544574, "typical_volume": 1674406.45, "trend": 118.708667, "fair_value": 151.4575, "relative_strength": -18.171835, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.42018, "energy": 17.747112, "activity_lines": [ 111.697333, 111.086727, 114.660333, 117.152086 ] }, { "date": "2025-10-31", "close": 127.01, "volume": 2330353, "typical_volume": 1738967.85, "trend": 119.471667, "fair_value": 151.381282, "relative_strength": -19.799108, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.629385, "energy": 13.724863, "activity_lines": [ 118.052, 113.735273, 115.50381, 117.687656 ] }, { "date": "2025-11-07", "close": 105.45, "volume": 8698500, "typical_volume": 2126374.5, "trend": 119.240333, "fair_value": 151.061731, "relative_strength": -30.321839, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.048163, "energy": 25.382246, "activity_lines": [ 115.488, 112.390364, 114.271048, 116.783032 ] }, { "date": "2025-11-14", "close": 103.79, "volume": 6075952, "typical_volume": 2369216.4, "trend": 118.880667, "fair_value": 150.7325, "relative_strength": -30.402653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.083216, "energy": 25.07962, "activity_lines": [ 112.309333, 110.942909, 112.952143, 115.786237 ] }, { "date": "2025-11-21", "close": 106.51, "volume": 3096618, "typical_volume": 2466711.15, "trend": 118.439667, "fair_value": 150.392692, "relative_strength": -25.384777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.460041, "energy": 26.765409, "activity_lines": [ 109.782, 110.213818, 112.017095, 114.988129 ] }, { "date": "2025-11-28", "close": 113.66, "volume": 1576175, "typical_volume": 2483136.4, "trend": 118.162333, "fair_value": 150.100192, "relative_strength": -23.238309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.924351, "energy": 30.979053, "activity_lines": [ 109.574667, 110.930545, 111.890714, 114.679763 ] }, { "date": "2025-12-05", "close": 115.94, "volume": 2069649, "typical_volume": 2518001.15, "trend": 117.932333, "fair_value": 149.897244, "relative_strength": -21.652513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.784545, "energy": 19.038646, "activity_lines": [ 111.126667, 112.080545, 112.067095, 114.536387 ] }, { "date": "2025-12-12", "close": 118.95, "volume": 1798632, "typical_volume": 2556844.35, "trend": 117.525, "fair_value": 149.752564, "relative_strength": -17.250388, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.309645, "energy": 6.69958, "activity_lines": [ 114.42, 113.506727, 112.563571, 114.602043 ] }, { "date": "2025-12-19", "close": 119.35, "volume": 3137152, "typical_volume": 2645176.6, "trend": 117.499, "fair_value": 149.633397, "relative_strength": -16.721896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.20066, "energy": 12.396229, "activity_lines": [ 116.946667, 114.743455, 113.137476, 114.719785 ] }, { "date": "2025-12-26", "close": 122.72, "volume": 1114177, "typical_volume": 2560078.1, "trend": 117.462333, "fair_value": 149.549103, "relative_strength": -14.70601, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.345964, "energy": 25.907365, "activity_lines": [ 119.559333, 116.240364, 114.035905, 115.056624 ] }, { "date": "2026-01-02", "close": 111.14, "volume": 2253970, "typical_volume": 2541255.25, "trend": 116.919667, "fair_value": 149.374423, "relative_strength": -20.64779, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.058578, "energy": 11.657262, "activity_lines": [ 117.231333, 115.319818, 113.797905, 114.648731 ] }, { "date": "2026-01-09", "close": 130.94, "volume": 2781874, "typical_volume": 2596973.5, "trend": 117.211, "fair_value": 149.248974, "relative_strength": -7.883576, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.332038, "energy": 36.005155, "activity_lines": [ 121.671333, 118.317636, 115.463857, 115.553269 ] }, { "date": "2026-01-16", "close": 134.57, "volume": 2265248, "typical_volume": 2595818.5, "trend": 117.678, "fair_value": 149.131026, "relative_strength": -3.925162, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.080442, "energy": 48.553749, "activity_lines": [ 126.321333, 121.904, 117.437571, 116.673204 ] }, { "date": "2026-01-23", "close": 137.89, "volume": 2032937, "typical_volume": 2636159.35, "trend": 117.941, "fair_value": 148.984359, "relative_strength": -1.271809, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.697925, "energy": 68.004518, "activity_lines": [ 131.036667, 125.564545, 119.641, 117.977204 ] }, { "date": "2026-01-30", "close": 134.54, "volume": 2183588, "typical_volume": 2687513.2, "trend": 117.981333, "fair_value": 148.77391, "relative_strength": -2.942569, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.239463, "energy": 71.530074, "activity_lines": [ 133.399333, 127.996, 121.421619, 119.048108 ] }, { "date": "2026-02-06", "close": 141.47, "volume": 1947908, "typical_volume": 2682365.6, "trend": 118.309, "fair_value": 148.649038, "relative_strength": 4.547413, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.934767, "energy": 81.361547, "activity_lines": [ 137.284, 131.177818, 123.766952, 120.563505 ] }, { "date": "2026-02-13", "close": 146.39, "volume": 1973875, "typical_volume": 2665645.75, "trend": 119.09, "fair_value": 148.53891, "relative_strength": 9.802589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.914622, "energy": 84.889058, "activity_lines": [ 140.786667, 134.748545, 126.453333, 122.375183 ] }, { "date": "2026-02-20", "close": 145.96, "volume": 1294502, "typical_volume": 2632259.75, "trend": 119.715, "fair_value": 148.469936, "relative_strength": 8.511274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.999408, "energy": 82.22401, "activity_lines": [ 143.116, 137.687455, 128.882762, 124.108731 ] }, { "date": "2026-02-27", "close": 134.43, "volume": 2263909, "typical_volume": 2640822.8, "trend": 120.192667, "fair_value": 148.362115, "relative_strength": 0.757026, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.726674, "energy": 63.483744, "activity_lines": [ 140.842667, 138.038909, 130.01681, 125.058086 ] }, { "date": "2026-03-06", "close": 131.22, "volume": 2842067, "typical_volume": 2714083.0, "trend": 120.711, "fair_value": 148.280769, "relative_strength": 0.231716, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.22771, "energy": 41.771517, "activity_lines": [ 137.73, 137.532545, 130.681, 125.769527 ] }, { "date": "2026-03-13", "close": 116.76, "volume": 2204978, "typical_volume": 2697103.2, "trend": 120.770667, "fair_value": 148.078526, "relative_strength": -9.200174, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.384549, "energy": 16.048502, "activity_lines": [ 130.018667, 134.242545, 129.845857, 125.514624 ] }, { "date": "2026-03-20", "close": 113.85, "volume": 2305643, "typical_volume": 2695867.7, "trend": 120.466667, "fair_value": 147.842115, "relative_strength": -9.015212, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.279359, "energy": 21.055664, "activity_lines": [ 122.984667, 130.321273, 128.79019, 125.068129 ] }, { "date": "2026-03-27", "close": 113.15, "volume": 1503497, "typical_volume": 2336117.55, "trend": 120.358, "fair_value": 147.547628, "relative_strength": -5.925816, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.571209, "energy": 33.809618, "activity_lines": [ 117.886667, 126.583455, 127.730524, 124.596086 ] }, { "date": "2026-04-03", "close": 117.04, "volume": 1422072, "typical_volume": 2103423.55, "trend": 120.389333, "fair_value": 147.335128, "relative_strength": -6.016652, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.683667, "energy": 34.202529, "activity_lines": [ 116.272667, 123.942364, 127.004667, 124.382022 ] }, { "date": "2026-04-10", "close": 125.23, "volume": 1621783, "typical_volume": 2029681.8, "trend": 120.746, "fair_value": 147.127628, "relative_strength": -3.352974, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.436233, "energy": 28.105726, "activity_lines": [ 118.548, 123.169455, 126.995714, 124.694323 ] }, { "date": "2026-04-17", "close": 128.85, "volume": 1359324, "typical_volume": 2018839.25, "trend": 121.218, "fair_value": 146.935064, "relative_strength": -5.831195, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.749231, "energy": 13.397413, "activity_lines": [ 122.429333, 123.224, 127.242381, 125.217161 ] }, { "date": "2026-04-24", "close": 134.1, "volume": 1687430, "typical_volume": 1999728.3, "trend": 122.320333, "fair_value": 146.814936, "relative_strength": -3.647206, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.554903, "energy": 22.788491, "activity_lines": [ 127.254667, 124.462545, 127.916714, 126.048258 ] }, { "date": "2026-05-01", "close": 127.87, "volume": 2277592, "typical_volume": 2023676.3, "trend": 123.098333, "fair_value": 146.593654, "relative_strength": -9.01591, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.366077, "energy": 23.993688, "activity_lines": [ 128.653333, 124.791818, 127.911238, 126.406301 ] }, { "date": "2026-05-08", "close": 138.31, "volume": 2156860, "typical_volume": 1974661.7, "trend": 124.376667, "fair_value": 146.445833, "relative_strength": -6.214697, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.206791, "energy": 33.69151, "activity_lines": [ 132.550667, 127.348182, 128.857571, 127.387699 ] }, { "date": "2026-05-15", "close": 152.99, "volume": 3927861, "typical_volume": 2115345.9, "trend": 125.957667, "fair_value": 146.360064, "relative_strength": 4.431008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.464093, "energy": 61.984061, "activity_lines": [ 139.923333, 132.503091, 131.111714, 129.23372 ] }, { "date": "2026-05-22", "close": 159.7, "volume": 1898145, "typical_volume": 2097554.65, "trend": 126.992667, "fair_value": 146.317821, "relative_strength": 7.845771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.497541, "energy": 75.266526, "activity_lines": [ 147.682, 138.482182, 133.860762, 131.410645 ] }, { "date": "2026-05-29", "close": 159.33, "volume": 1946740, "typical_volume": 2055797.95, "trend": 128.07, "fair_value": 146.250897, "relative_strength": 4.799522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.16797, "energy": 80.108317, "activity_lines": [ 153.260667, 143.613273, 136.343333, 133.496925 ] }, { "date": "2026-06-05", "close": 156.29, "volume": 2658010, "typical_volume": 2075436.05, "trend": 129.764667, "fair_value": 146.176987, "relative_strength": 7.84603, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.513599, "energy": 76.971099, "activity_lines": [ 156.144, 147.364727, 138.40119, 135.31757 ] }, { "date": "2026-06-12", "close": 160.53, "volume": 2807782, "typical_volume": 2114178.3, "trend": 131.656, "fair_value": 146.118718, "relative_strength": 8.375286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.759975, "energy": 76.481305, "activity_lines": [ 158.546, 151.102727, 140.759429, 137.30243 ] }, { "date": "2026-06-19", "close": 155.3, "volume": 2402277, "typical_volume": 2125112.75, "trend": 133.282333, "fair_value": 146.032628, "relative_strength": 2.306719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.966724, "energy": 57.179305, "activity_lines": [ 157.723333, 153.099091, 142.511762, 138.827849 ] }, { "date": "2026-06-26", "close": 157.55, "volume": 3550370, "typical_volume": 2205235.85, "trend": 134.745333, "fair_value": 145.862436, "relative_strength": 8.832176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.116683, "energy": 45.438161, "activity_lines": [ 157.496667, 154.957818, 144.379524, 140.393505 ] }, { "date": "2026-07-03", "close": 161.72, "volume": 2570395, "typical_volume": 2235061.85, "trend": 136.271333, "fair_value": 145.779744, "relative_strength": 10.901625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.854484, "energy": 44.975093, "activity_lines": [ 158.803333, 157.052909, 146.567857, 142.133806 ] }, { "date": "2026-07-10", "close": 156.65, "volume": 3017544, "typical_volume": 2321213.95, "trend": 137.528, "fair_value": 145.612372, "relative_strength": 5.736724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.309582, "energy": 37.027068, "activity_lines": [ 158.260667, 157.724, 148.200333, 143.448559 ] }, { "date": "2026-07-17", "close": 148.71, "volume": 2018196, "typical_volume": 2308928.3, "trend": 138.506667, "fair_value": 145.439872, "relative_strength": 4.793463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.419698, "energy": 27.185601, "activity_lines": [ 155.047333, 156.428182, 149.025714, 144.169978 ] }, { "date": "2026-07-24", "close": 141.54, "volume": 1808603, "typical_volume": 2257255.1, "trend": 139.134, "fair_value": 145.217564, "relative_strength": 1.536644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.654826, "energy": 15.45594, "activity_lines": [ 150.232, 153.639636, 149.100238, 144.365677 ] }, { "date": "2026-07-31", "close": 142.55, "volume": 2123276, "typical_volume": 2253170.0, "trend": 140.181, "fair_value": 145.019744, "relative_strength": 1.80259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.305991, "energy": 17.944823, "activity_lines": [ 146.670667, 151.242909, 149.22181, 144.586065 ] }, { "date": "2026-08-07", "close": 166.37, "volume": 3295012, "typical_volume": 2302638.45, "trend": 141.362, "fair_value": 145.103269, "relative_strength": 12.756991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.719114, "energy": 22.108043, "activity_lines": [ 152.049333, 153.488909, 151.489143, 146.275677 ] } ], "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." } } }