{ "ticker": { "uuid": "a822a37a-894e-4c21-a67a-1c3741e6e940", "symbol": "PPHC", "name": "Public Policy Holding Company, Inc.", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -24.22, "architecture_energy": 23.826, "architecture_maturity": 78.037, "architecture_confidence": 89.971, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 36.42, "rotation_up": 33.93, "upward_expansion": 19.53, "deceleration": 44.17, "rotation_down": 23.23, "downward_expansion": 64.87 }, "activity_lines": [ 749.5, 708.545455, 762.53667, 802.379199 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 842.5, "trend_reference": 853.560055, "distance_from_trend": -0.012958, "trend_direction": "Weakening", "fair_value": 733.469608, "distance_from_fair_value": 0.14865, "fair_value_direction": "Weakening", "relative_strength": -15.6823, "relative_strength_direction": "Weakening", "price_momentum": -0.020108, "excess_performance": -0.086386, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.012958, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.13202, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.14865, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.20274, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.156823, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.182622, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.020108, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.668242, "read": "Supply-led" } ], "volume": { "latest": 9366, "relative_activity": 0.43305, "balance": 0.668242, "dry_up": 0.393344, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.090673, "annualized_volatility": 0.467948, "from_high_reference": -0.267211, "from_low_reference": 0.452586 }, "levels": { "trend_reference": 853.560055, "fair_value_reference": 733.469608, "structural_low": 580.0, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": -0.01088, "positive_rate": 0.333333, "directional_follow_through": 0.583333, "median_excess_return": -0.007607, "regime_survival": 0.833333, "best_return": 0.141667, "worst_return": -0.310345, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.075872, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.079717, "regime_survival": 0.75, "best_return": 0.111475, "worst_return": -0.331357, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.006665, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.032865, "regime_survival": 0.5, "best_return": 0.160185, "worst_return": -0.146855, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.010193, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.089711, "regime_survival": 0.0, "best_return": -0.010193, "worst_return": -0.010193, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-04-19", "end": "2024-05-24", "tenure": "Developing", "return": -0.003201, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-31", "end": "2024-08-23", "tenure": "Developing", "return": 0.063745, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-30", "end": "2024-12-13", "tenure": "Established", "return": 0.034077, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-02-14", "tenure": "Developing", "return": -0.025271, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-05-02", "tenure": "Developing", "return": -0.029287, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": 0.022642, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": 0.018248, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2026-01-09", "tenure": "Established", "return": 0.479059, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": 0.034826, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": 0.055233, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.057895, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.054607, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-22", "tenure": "New", "return": -0.170854, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.031609, "active": true } ], "chart_path": [ { "date": "2023-03-17", "close": 685.5, "volume": 7591, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-03-24", "close": 685.5, "volume": 5168, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-03-31", "close": 685.5, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-04-07", "close": 685.5, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-04-14", "close": 690.485352, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-04-21", "close": 685.5, "volume": 9520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-04-28", "close": 683.007202, "volume": 13180, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-05-05", "close": 671.007324, "volume": 3540, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-05-12", "close": 666.018372, "volume": 4305, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-05-19", "close": 666.018372, "volume": 4711, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-05-26", "close": 666.018372, "volume": 120848, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-06-02", "close": 666.018372, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-06-09", "close": 666.018372, "volume": 141, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-06-16", "close": 666.018372, "volume": 24, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-06-30", "close": 661.029419, "volume": 800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-07-07", "close": 661.029419, "volume": 3296, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-07-14", "close": 661.029419, "volume": 637, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-07-21", "close": 661.029419, "volume": 1535, "typical_volume": 8764.8, "trend": 677.940951, "fair_value": 706.581195, "relative_strength": -7.367232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.710229, "energy": 40.185412, "activity_lines": [ 661.362016, 662.934292, 668.731908, 672.192788 ] }, { "date": "2023-07-28", "close": 661.029419, "volume": 257, "typical_volume": 8777.65, "trend": 675.795809, "fair_value": 706.018827, "relative_strength": -7.433531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.764821, "energy": 37.384399, "activity_lines": [ 661.029419, 662.390043, 667.481244, 671.101722 ] }, { "date": "2023-08-04", "close": 661.029419, "volume": 0, "typical_volume": 8777.65, "trend": 673.650667, "fair_value": 705.470176, "relative_strength": -5.603107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.807725, "energy": 35.478845, "activity_lines": [ 661.029419, 661.936501, 666.347107, 670.149052 ] }, { "date": "2023-08-11", "close": 661.029419, "volume": 80, "typical_volume": 8402.1, "trend": 673.167342, "fair_value": 704.934745, "relative_strength": -4.868996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.491903, "energy": 33.16293, "activity_lines": [ 661.029419, 661.573668, 665.329496, 669.334777 ] }, { "date": "2023-08-18", "close": 661.029419, "volume": 0, "typical_volume": 8143.7, "trend": 672.684017, "fair_value": 704.412063, "relative_strength": -1.282418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.048021, "energy": 32.544108, "activity_lines": [ 661.029419, 661.301544, 664.428412, 668.551686 ] }, { "date": "2023-08-25", "close": 661.029419, "volume": 0, "typical_volume": 8143.7, "trend": 672.200692, "fair_value": 703.901679, "relative_strength": -2.145263, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.306414, "energy": 31.495432, "activity_lines": [ 661.029419, 661.120127, 663.643854, 667.799776 ] }, { "date": "2023-09-01", "close": 661.029419, "volume": 4186, "typical_volume": 8353.0, "trend": 671.717367, "fair_value": 703.403164, "relative_strength": -3.572307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.189277, "energy": 27.466352, "activity_lines": [ 661.029419, 661.029419, 662.975824, 667.079049 ] }, { "date": "2023-09-08", "close": 661.029419, "volume": 2173, "typical_volume": 8461.65, "trend": 671.234041, "fair_value": 702.91611, "relative_strength": -3.564287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.015996, "energy": 22.487166, "activity_lines": [ 661.029419, 661.029419, 662.424319, 666.389504 ] }, { "date": "2023-09-15", "close": 631.096008, "volume": 4680, "typical_volume": 8219.65, "trend": 669.752936, "fair_value": 702.099972, "relative_strength": -10.437848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.55272, "energy": 51.581489, "activity_lines": [ 651.051615, 655.586981, 659.16228, 663.799953 ] }, { "date": "2023-09-22", "close": 621.347717, "volume": 4950, "typical_volume": 7808.15, "trend": 667.946887, "fair_value": 701.192643, "relative_strength": -11.182778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.770121, "energy": 76.444459, "activity_lines": [ 639.819942, 648.91637, 655.230899, 660.677036 ] }, { "date": "2023-09-29", "close": 621.347717, "volume": 1481, "typical_volume": 7705.2, "trend": 666.140839, "fair_value": 700.305478, "relative_strength": -9.912948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.131545, "energy": 84.813089, "activity_lines": [ 631.233716, 642.967244, 651.593134, 657.670638 ] }, { "date": "2023-10-06", "close": 601.384766, "volume": 2405, "typical_volume": 7610.2, "trend": 663.336998, "fair_value": 699.218437, "relative_strength": -11.042746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.282815, "energy": 88.799679, "activity_lines": [ 618.638619, 634.109976, 646.290611, 653.492827 ] }, { "date": "2023-10-13", "close": 591.403381, "volume": 8700, "typical_volume": 7809.65, "trend": 660.200444, "fair_value": 698.046534, "relative_strength": -13.261422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.826715, "energy": 92.99566, "activity_lines": [ 606.692704, 624.52236, 640.345258, 648.851948 ] }, { "date": "2023-10-20", "close": 591.403381, "volume": 0, "typical_volume": 1767.25, "trend": 657.06389, "fair_value": 696.899833, "relative_strength": -10.45067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.512751, "energy": 91.354853, "activity_lines": [ 599.388525, 616.200671, 634.755215, 644.413428 ] }, { "date": "2023-11-17", "close": 586.412598, "volume": 3257, "typical_volume": 1930.1, "trend": 653.760976, "fair_value": 695.724437, "relative_strength": -11.923311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.749097, "energy": 89.630456, "activity_lines": [ 593.066927, 608.237495, 629.045169, 639.85528 ] }, { "date": "2023-11-24", "close": 576.431152, "volume": 1004, "typical_volume": 1973.25, "trend": 650.125348, "fair_value": 694.468719, "relative_strength": -12.745628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.427743, "energy": 83.474759, "activity_lines": [ 585.747188, 599.816181, 622.763583, 634.866259 ] }, { "date": "2023-12-01", "close": 576.431152, "volume": 0, "typical_volume": 1972.05, "trend": 646.48972, "fair_value": 693.239161, "relative_strength": -12.798453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.037499, "energy": 70.733391, "activity_lines": [ 581.421887, 592.933017, 616.908604, 630.111795 ] }, { "date": "2023-12-08", "close": 576.431152, "volume": 118859, "typical_volume": 7875.0, "trend": 642.687913, "fair_value": 692.034954, "relative_strength": -12.651559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.578154, "energy": 65.532616, "activity_lines": [ 578.76016, 587.588003, 611.480231, 625.591887 ] }, { "date": "2023-12-15", "close": 576.431152, "volume": 8168, "typical_volume": 8118.6, "trend": 639.052285, "fair_value": 690.855324, "relative_strength": -12.477557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.733365, "energy": 61.045718, "activity_lines": [ 577.096582, 583.781139, 606.454706, 621.317258 ] }, { "date": "2023-12-29", "close": 568.944946, "volume": 0, "typical_volume": 8086.75, "trend": 635.25021, "fair_value": 689.623906, "relative_strength": -14.926957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.305101, "energy": 62.301835, "activity_lines": [ 573.93575, 579.607053, 601.119058, 616.794204 ] }, { "date": "2024-01-05", "close": 568.944946, "volume": 0, "typical_volume": 8010.0, "trend": 631.84813, "fair_value": 688.417116, "relative_strength": -14.0238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.612695, "energy": 62.839595, "activity_lines": [ 571.939428, 576.385745, 596.221908, 612.516445 ] }, { "date": "2024-01-12", "close": 568.944946, "volume": 87, "typical_volume": 8001.5, "trend": 628.612349, "fair_value": 687.234223, "relative_strength": -12.857987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.533676, "energy": 71.135098, "activity_lines": [ 570.442187, 574.117215, 591.763255, 608.458175 ] }, { "date": "2024-01-19", "close": 563.954224, "volume": 966, "typical_volume": 8049.8, "trend": 625.210211, "fair_value": 686.025596, "relative_strength": -11.270121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.13364, "energy": 78.739556, "activity_lines": [ 567.780452, 571.531096, 587.267793, 604.286683 ] }, { "date": "2024-01-26", "close": 563.954224, "volume": 256, "typical_volume": 8058.6, "trend": 621.808073, "fair_value": 684.840437, "relative_strength": -12.826247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.640301, "energy": 68.865961, "activity_lines": [ 565.950513, 569.444052, 583.234594, 600.334684 ] }, { "date": "2024-02-02", "close": 563.954224, "volume": 60, "typical_volume": 8061.6, "trend": 618.405935, "fair_value": 683.678069, "relative_strength": -12.137425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.860692, "energy": 81.642566, "activity_lines": [ 564.952368, 567.856084, 579.663657, 596.602177 ] }, { "date": "2024-02-09", "close": 563.954224, "volume": 149, "typical_volume": 8069.05, "trend": 615.003796, "fair_value": 682.537842, "relative_strength": -11.371448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.080872, "energy": 68.521034, "activity_lines": [ 564.286939, 566.676449, 576.554984, 593.089164 ] }, { "date": "2024-02-16", "close": 563.954224, "volume": 571, "typical_volume": 7888.3, "trend": 611.601658, "fair_value": 681.419129, "relative_strength": -12.710592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.52831, "energy": 58.898205, "activity_lines": [ 563.954224, 565.723669, 573.908573, 589.795643 ] }, { "date": "2024-02-23", "close": 546.486633, "volume": 10307, "typical_volume": 8295.0, "trend": 607.783565, "fair_value": 680.158078, "relative_strength": -15.042561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.135497, "energy": 66.160038, "activity_lines": [ 558.131694, 561.821815, 570.060845, 585.594673 ] }, { "date": "2024-03-01", "close": 543.991333, "volume": 235, "typical_volume": 8072.75, "trend": 603.882296, "fair_value": 678.897274, "relative_strength": -14.850978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.871789, "energy": 77.636786, "activity_lines": [ 552.641903, 558.010717, 566.520911, 581.479045 ] }, { "date": "2024-03-08", "close": 531.514404, "volume": 12204, "typical_volume": 8435.45, "trend": 599.565129, "fair_value": 677.545138, "relative_strength": -16.24448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.580218, "energy": 78.774278, "activity_lines": [ 544.323995, 552.520901, 562.207482, 576.810149 ] }, { "date": "2024-03-15", "close": 546.486633, "volume": 272842, "typical_volume": 22003.5, "trend": 595.747036, "fair_value": 676.353697, "relative_strength": -14.341794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.862362, "energy": 62.098396, "activity_lines": [ 543.159485, 550.433863, 559.747758, 573.38573 ] }, { "date": "2024-03-22", "close": 548.982056, "volume": 291468, "typical_volume": 36456.65, "trend": 592.012124, "fair_value": 675.206205, "relative_strength": -15.86122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.043786, "energy": 56.487592, "activity_lines": [ 543.991288, 549.208872, 557.882174, 570.368635 ] }, { "date": "2024-03-29", "close": 566.449646, "volume": 10735, "typical_volume": 36558.4, "trend": 588.859464, "fair_value": 674.235164, "relative_strength": -13.12626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.755849, "energy": 37.280148, "activity_lines": [ 551.643766, 551.522768, 557.929707, 568.719443 ] }, { "date": "2024-04-19", "close": 628.833984, "volume": 9133, "typical_volume": 37015.05, "trend": 587.786283, "fair_value": 673.833384, "relative_strength": -2.715129, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 17.767235, "energy": 24.024426, "activity_lines": [ 578.760156, 565.1339, 564.037433, 571.298444 ] }, { "date": "2024-04-26", "close": 611.837402, "volume": 7016, "typical_volume": 37203.0, "trend": 586.146549, "fair_value": 673.289559, "relative_strength": -7.893002, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.867925, "energy": 39.839387, "activity_lines": [ 594.554842, 574.475112, 568.348196, 572.850129 ] }, { "date": "2024-05-03", "close": 626.821106, "volume": 4539, "typical_volume": 37379.75, "trend": 585.006272, "fair_value": 672.885486, "relative_strength": -6.104917, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.643182, "energy": 48.850463, "activity_lines": [ 609.989229, 585.670031, 573.964908, 575.474294 ] }, { "date": "2024-05-10", "close": 626.821106, "volume": 1889, "typical_volume": 37474.2, "trend": 583.865995, "fair_value": 672.488379, "relative_strength": -8.161126, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.536798, "energy": 71.007394, "activity_lines": [ 620.067985, 595.721915, 579.341667, 578.172025 ] }, { "date": "2024-05-17", "close": 626.821106, "volume": 4457, "typical_volume": 31754.1, "trend": 582.725718, "fair_value": 672.098061, "relative_strength": -7.67644, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.792319, "energy": 70.70112, "activity_lines": [ 624.957471, 604.630765, 584.478475, 580.943323 ] }, { "date": "2024-05-24", "close": 626.821106, "volume": 6456, "typical_volume": 31668.5, "trend": 582.583221, "fair_value": 671.714358, "relative_strength": -6.241613, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.536389, "energy": 74.503052, "activity_lines": [ 625.822192, 612.078988, 589.37533, 583.788186 ] }, { "date": "2024-05-31", "close": 626.821106, "volume": 4635, "typical_volume": 31900.25, "trend": 582.765668, "fair_value": 671.337103, "relative_strength": -5.492845, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.775328, "energy": 55.049566, "activity_lines": [ 626.821106, 618.021216, 594.032233, 586.642243 ] }, { "date": "2024-06-07", "close": 629.31842, "volume": 52146, "typical_volume": 34507.55, "trend": 583.031358, "fair_value": 670.986948, "relative_strength": -4.535302, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.258468, "energy": 50.444436, "activity_lines": [ 627.653544, 622.684651, 598.651375, 589.645647 ] }, { "date": "2024-06-14", "close": 686.756226, "volume": 36502, "typical_volume": 36328.3, "trend": 585.877073, "fair_value": 671.117272, "relative_strength": 5.500322, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.155403, "energy": 62.719289, "activity_lines": [ 647.46543, 636.285292, 608.453291, 596.337574 ] }, { "date": "2024-06-21", "close": 679.264343, "volume": 31810, "typical_volume": 37870.5, "trend": 588.805772, "fair_value": 671.184052, "relative_strength": 3.293872, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.12155, "energy": 76.297857, "activity_lines": [ 660.784346, 646.018787, 616.980688, 602.362559 ] }, { "date": "2024-06-28", "close": 679.264343, "volume": 58016, "typical_volume": 40758.5, "trend": 591.734471, "fair_value": 671.249745, "relative_strength": 4.292547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.916064, "energy": 85.228915, "activity_lines": [ 670.607047, 653.701105, 624.95899, 608.198596 ] }, { "date": "2024-07-05", "close": 679.264343, "volume": 2579, "typical_volume": 40884.45, "trend": 594.829529, "fair_value": 671.314379, "relative_strength": 3.863289, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.315192, "energy": 86.260253, "activity_lines": [ 676.933533, 660.466508, 632.388196, 613.845684 ] }, { "date": "2024-07-19", "close": 674.269714, "volume": 2871, "typical_volume": 41020.55, "trend": 598.090814, "fair_value": 671.338021, "relative_strength": 3.825286, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.516625, "energy": 81.517391, "activity_lines": [ 678.098926, 665.097853, 638.792627, 618.970858 ] }, { "date": "2024-08-02", "close": 666.777832, "volume": 8763, "typical_volume": 41430.15, "trend": 601.10237, "fair_value": 671.30183, "relative_strength": 2.581283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.160102, "energy": 80.741593, "activity_lines": [ 673.770272, 667.504334, 643.958234, 623.402278 ] }, { "date": "2024-08-09", "close": 666.777832, "volume": 2387, "typical_volume": 41034.15, "trend": 604.113926, "fair_value": 671.266207, "relative_strength": 2.82427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.640205, "energy": 67.851213, "activity_lines": [ 670.773511, 669.18433, 648.634204, 627.639405 ] }, { "date": "2024-08-16", "close": 669.275146, "volume": 24111, "typical_volume": 42227.95, "trend": 607.208726, "fair_value": 671.250652, "relative_strength": 1.592805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.389106, "energy": 51.778296, "activity_lines": [ 669.441622, 670.591898, 652.975199, 631.843354 ] }, { "date": "2024-08-23", "close": 666.777832, "volume": 40512, "typical_volume": 43643.35, "trend": 610.469822, "fair_value": 671.215979, "relative_strength": 1.20353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.63008, "energy": 44.023736, "activity_lines": [ 667.943241, 670.773516, 656.481765, 635.686522 ] }, { "date": "2024-08-30", "close": 666.777832, "volume": 200, "typical_volume": 30011.25, "trend": 613.730918, "fair_value": 671.18184, "relative_strength": 0.895734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.556252, "energy": 41.503195, "activity_lines": [ 667.277295, 670.228649, 659.344219, 639.319297 ] }, { "date": "2024-09-06", "close": 666.777832, "volume": 0, "typical_volume": 15437.85, "trend": 616.992015, "fair_value": 671.148221, "relative_strength": 3.488772, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.819826, "energy": 39.701472, "activity_lines": [ 667.110807, 669.002701, 661.633858, 642.741679 ] }, { "date": "2024-09-13", "close": 654.291382, "volume": 9007, "typical_volume": 15351.45, "trend": 620.003253, "fair_value": 671.020518, "relative_strength": 0.602511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.942211, "energy": 29.654015, "activity_lines": [ 662.78217, 665.869733, 662.173378, 645.14809 ] }, { "date": "2024-09-20", "close": 654.291382, "volume": 13560, "typical_volume": 15572.8, "trend": 623.014492, "fair_value": 670.894735, "relative_strength": 1.288201, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.753114, "energy": 20.816896, "activity_lines": [ 659.285962, 663.190819, 662.294605, 647.360227 ] }, { "date": "2024-09-27", "close": 654.52533, "volume": 253571, "typical_volume": 27900.55, "trend": 626.033529, "fair_value": 670.772575, "relative_strength": 0.433437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.446224, "energy": 20.390056, "activity_lines": [ 656.866655, 661.008495, 662.316887, 649.393184 ] }, { "date": "2024-10-04", "close": 654.52533, "volume": 18123, "typical_volume": 28579.75, "trend": 629.052565, "fair_value": 670.652225, "relative_strength": 1.139811, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.10179, "energy": 21.529987, "activity_lines": [ 655.264181, 659.275971, 662.135893, 651.231365 ] }, { "date": "2024-10-11", "close": 659.521667, "volume": 9417, "typical_volume": 28956.15, "trend": 632.238147, "fair_value": 670.570383, "relative_strength": 2.524402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.977725, "energy": 15.50367, "activity_lines": [ 656.143986, 658.810861, 662.298816, 653.197113 ] }, { "date": "2024-10-18", "close": 657.023438, "volume": 17610, "typical_volume": 29613.8, "trend": 635.922707, "fair_value": 670.4715, "relative_strength": 1.144079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.243501, "energy": 11.251778, "activity_lines": [ 656.674793, 658.023458, 662.068096, 654.796164 ] }, { "date": "2024-10-25", "close": 654.52533, "volume": 14469, "typical_volume": 30014.45, "trend": 639.607174, "fair_value": 670.355948, "relative_strength": 2.330227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.874237, "energy": 8.418051, "activity_lines": [ 656.19076, 656.959205, 661.455639, 655.996334 ] }, { "date": "2024-11-01", "close": 654.52533, "volume": 4348, "typical_volume": 30000.1, "trend": 643.707538, "fair_value": 670.242059, "relative_strength": 3.44048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.072589, "energy": 8.006266, "activity_lines": [ 655.69113, 656.163132, 660.711258, 656.958795 ] }, { "date": "2024-11-08", "close": 654.52533, "volume": 749, "typical_volume": 27430.25, "trend": 647.308828, "fair_value": 670.129796, "relative_strength": 4.80313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.951208, "energy": 7.361039, "activity_lines": [ 655.1915, 655.589831, 659.834952, 657.656717 ] }, { "date": "2024-11-15", "close": 657.023438, "volume": 6441, "typical_volume": 25927.2, "trend": 650.910207, "fair_value": 670.036844, "relative_strength": 5.301799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.525069, "energy": 7.564141, "activity_lines": [ 655.524573, 655.693504, 659.076528, 658.283467 ] }, { "date": "2024-11-22", "close": 659.521667, "volume": 6132, "typical_volume": 24643.3, "trend": 654.012608, "fair_value": 669.962793, "relative_strength": 3.209972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.521884, "energy": 6.768641, "activity_lines": [ 656.856938, 656.428753, 658.697615, 658.839045 ] }, { "date": "2024-11-29", "close": 664.518066, "volume": 18900, "typical_volume": 22687.5, "trend": 655.202077, "fair_value": 669.924718, "relative_strength": 3.677125, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.994918, "energy": 15.40758, "activity_lines": [ 659.68822, 657.977343, 658.888563, 659.516816 ] }, { "date": "2024-12-13", "close": 689.499878, "volume": 9660, "typical_volume": 23041.55, "trend": 657.790826, "fair_value": 670.060657, "relative_strength": 7.266268, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.171936, "energy": 52.223874, "activity_lines": [ 670.180591, 663.88214, 661.528951, 661.729577 ] }, { "date": "2024-12-20", "close": 691.998047, "volume": 4298, "typical_volume": 23112.9, "trend": 659.963391, "fair_value": 670.211949, "relative_strength": 10.371012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.191866, "energy": 78.943316, "activity_lines": [ 679.174048, 669.605249, 664.358519, 663.936495 ] }, { "date": "2025-01-03", "close": 684.503601, "volume": 2541, "typical_volume": 22801.8, "trend": 661.886141, "fair_value": 670.309837, "relative_strength": 7.189844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.751821, "energy": 77.934172, "activity_lines": [ 683.171175, 673.284409, 666.38991, 665.519734 ] }, { "date": "2025-01-10", "close": 682.005371, "volume": 8156, "typical_volume": 23090.25, "trend": 663.725616, "fair_value": 670.389398, "relative_strength": 6.331213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.27465, "energy": 76.800999, "activity_lines": [ 684.503548, 676.055129, 668.098966, 666.817749 ] }, { "date": "2025-01-24", "close": 674.510803, "volume": 2073, "typical_volume": 21988.35, "trend": 665.315273, "fair_value": 670.417246, "relative_strength": 1.952392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.080929, "energy": 64.069418, "activity_lines": [ 681.838818, 677.008983, 669.021741, 667.513568 ] }, { "date": "2025-02-07", "close": 674.510803, "volume": 220289, "typical_volume": 30977.2, "trend": 666.90493, "fair_value": 670.444719, "relative_strength": -0.39903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.260671, "energy": 36.941657, "activity_lines": [ 678.507906, 677.599465, 669.919585, 668.106828 ] }, { "date": "2025-02-14", "close": 674.510803, "volume": 14310, "typical_volume": 31682.7, "trend": 668.411342, "fair_value": 670.471827, "relative_strength": -0.792422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.290267, "energy": 23.918171, "activity_lines": [ 676.176265, 677.826575, 670.780605, 668.597529 ] }, { "date": "2025-02-21", "close": 674.510803, "volume": 101665, "typical_volume": 36765.95, "trend": 668.003162, "fair_value": 670.498575, "relative_strength": -0.061627, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.822492, "energy": 20.482271, "activity_lines": [ 675.010441, 677.690312, 671.604801, 668.991043 ] }, { "date": "2025-02-28", "close": 674.510803, "volume": 2100, "typical_volume": 36420.6, "trend": 667.84471, "fair_value": 670.524971, "relative_strength": -1.829035, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.528178, "energy": 18.948593, "activity_lines": [ 674.510803, 677.236097, 672.392174, 669.41089 ] }, { "date": "2025-03-07", "close": 674.510803, "volume": 6051, "typical_volume": 36045.15, "trend": 667.686259, "fair_value": 670.551022, "relative_strength": -0.436908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.975723, "energy": 16.849676, "activity_lines": [ 674.510803, 676.509353, 673.083264, 669.840961 ] }, { "date": "2025-03-14", "close": 679.507202, "volume": 2188, "typical_volume": 23476.0, "trend": 667.694354, "fair_value": 670.609179, "relative_strength": 0.77574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.677687, "energy": 22.698612, "activity_lines": [ 676.176269, 676.509358, 674.153918, 670.603602 ] }, { "date": "2025-03-21", "close": 679.507202, "volume": 59209, "typical_volume": 25530.3, "trend": 667.868937, "fair_value": 670.666586, "relative_strength": 0.489937, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.884759, "energy": 28.495018, "activity_lines": [ 677.508642, 676.691049, 675.105611, 671.365722 ] }, { "date": "2025-03-28", "close": 687.00177, "volume": 11184, "typical_volume": 25618.65, "trend": 668.543068, "fair_value": 670.771299, "relative_strength": 1.324563, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.170963, "energy": 44.050256, "activity_lines": [ 681.006112, 678.462494, 676.652111, 672.600098 ] }, { "date": "2025-04-11", "close": 664.518066, "volume": 46826, "typical_volume": 27079.45, "trend": 668.467743, "fair_value": 670.574281, "relative_strength": 6.323456, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.706523, "energy": 17.41128, "activity_lines": [ 676.176282, 676.100572, 675.926448, 672.34042 ] }, { "date": "2025-04-25", "close": 654.756714, "volume": 20423, "typical_volume": 27377.15, "trend": 667.983795, "fair_value": 670.250795, "relative_strength": -0.967559, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.569018, "energy": 14.082355, "activity_lines": [ 668.75885, 672.28181, 674.235444, 671.455838 ] }, { "date": "2025-05-02", "close": 654.756714, "volume": 5757, "typical_volume": 27447.6, "trend": 667.583091, "fair_value": 669.911334, "relative_strength": -3.178349, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.948166, "energy": 42.943341, "activity_lines": [ 662.658358, 668.822213, 672.543339, 670.602478 ] }, { "date": "2025-05-09", "close": 662.253845, "volume": 26433, "typical_volume": 28731.8, "trend": 667.432292, "fair_value": 669.603958, "relative_strength": -1.752109, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.717967, "energy": 40.752096, "activity_lines": [ 660.706942, 667.084896, 671.564143, 670.258655 ] }, { "date": "2025-05-23", "close": 677.248352, "volume": 43334, "typical_volume": 30576.45, "trend": 667.781309, "fair_value": 669.392701, "relative_strength": -1.607597, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.382014, "energy": 29.811875, "activity_lines": [ 664.903918, 668.296707, 671.976194, 670.89195 ] }, { "date": "2025-05-30", "close": 684.745544, "volume": 2205, "typical_volume": 30380.1, "trend": 668.796448, "fair_value": 669.229503, "relative_strength": -1.311647, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.708774, "energy": 17.613274, "activity_lines": [ 672.250187, 670.82187, 673.005954, 671.986416 ] }, { "date": "2025-06-06", "close": 684.745544, "volume": 7570, "typical_volume": 29813.6, "trend": 669.811586, "fair_value": 669.066305, "relative_strength": -2.239331, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.108679, "energy": 32.326255, "activity_lines": [ 678.247957, 673.160947, 673.9156, 673.01539 ] }, { "date": "2025-06-13", "close": 697.240906, "volume": 95879, "typical_volume": 34124.55, "trend": 671.235439, "fair_value": 668.983205, "relative_strength": -0.779996, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.364353, "energy": 48.532744, "activity_lines": [ 686.411592, 677.585822, 675.918959, 674.785024 ] }, { "date": "2025-06-20", "close": 709.736267, "volume": 8944, "typical_volume": 34356.85, "trend": 673.075804, "fair_value": 668.916307, "relative_strength": 1.841074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.629959, "energy": 71.788387, "activity_lines": [ 695.908069, 683.960149, 679.075491, 677.268948 ] }, { "date": "2025-06-27", "close": 762.216736, "volume": 140683, "typical_volume": 41263.95, "trend": 676.498973, "fair_value": 669.185822, "relative_strength": 8.768936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.408148, "energy": 89.543056, "activity_lines": [ 719.73254, 699.326761, 687.145695, 683.019976 ] }, { "date": "2025-07-04", "close": 792.205566, "volume": 235861, "typical_volume": 52649.2, "trend": 681.005043, "fair_value": 669.647573, "relative_strength": 12.375249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.931421, "energy": 97.521207, "activity_lines": [ 747.888729, 718.778342, 697.701915, 690.484918 ] }, { "date": "2025-07-11", "close": 804.700989, "volume": 5619, "typical_volume": 52826.5, "trend": 686.010899, "fair_value": 670.157476, "relative_strength": 12.215309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.586786, "energy": 97.01657, "activity_lines": [ 773.046057, 738.180228, 708.923413, 698.465301 ] }, { "date": "2025-07-25", "close": 859.680542, "volume": 156799, "typical_volume": 49652.0, "trend": 692.849406, "fair_value": 671.147604, "relative_strength": 16.970842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.461166, "energy": 98.576473, "activity_lines": [ 808.532874, 764.852136, 724.761105, 709.669794 ] }, { "date": "2025-08-01", "close": 857.181458, "volume": 213450, "typical_volume": 59609.0, "trend": 699.60461, "fair_value": 672.089764, "relative_strength": 16.761813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.351029, "energy": 95.826736, "activity_lines": [ 832.357353, 787.343778, 739.479029, 720.271862 ] }, { "date": "2025-08-08", "close": 864.678711, "volume": 65524, "typical_volume": 57801.95, "trend": 706.526453, "fair_value": 673.079983, "relative_strength": 16.895639, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.295144, "energy": 93.649373, "activity_lines": [ 848.851237, 807.654418, 754.041117, 730.921804 ] }, { "date": "2025-08-15", "close": 864.678711, "volume": 39601, "typical_volume": 59677.0, "trend": 713.365021, "fair_value": 674.006306, "relative_strength": 15.842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.8269, "energy": 90.420935, "activity_lines": [ 858.514323, 824.557233, 767.697643, 741.125176 ] }, { "date": "2025-08-22", "close": 864.678711, "volume": 16435, "typical_volume": 60196.2, "trend": 720.037042, "fair_value": 674.900681, "relative_strength": 13.348032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.786889, "energy": 81.990452, "activity_lines": [ 863.345866, 838.188537, 780.448608, 750.887349 ] }, { "date": "2025-09-05", "close": 869.676819, "volume": 6310, "typical_volume": 60402.3, "trend": 726.04294, "fair_value": 675.827096, "relative_strength": 15.08053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.566335, "energy": 69.343114, "activity_lines": [ 865.84493, 849.457075, 792.770021, 760.541529 ] }, { "date": "2025-09-12", "close": 912.161011, "volume": 25318, "typical_volume": 58707.75, "trend": 733.381706, "fair_value": 676.961949, "relative_strength": 19.304897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.742673, "energy": 74.008122, "activity_lines": [ 881.838973, 865.314813, 808.231978, 772.549146 ] }, { "date": "2025-09-19", "close": 924.772278, "volume": 20935, "typical_volume": 59195.3, "trend": 741.390662, "fair_value": 678.177644, "relative_strength": 21.331493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.670508, "energy": 73.400024, "activity_lines": [ 898.371468, 879.785059, 823.787134, 784.896925 ] }, { "date": "2025-10-03", "close": 1049.741577, "volume": 165119, "typical_volume": 65109.95, "trend": 753.648535, "fair_value": 680.194424, "relative_strength": 32.880023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.780174, "energy": 78.265334, "activity_lines": [ 952.554159, 914.02144, 850.111886, 804.790532 ] }, { "date": "2025-10-10", "close": 1074.735352, "volume": 12321, "typical_volume": 64704.85, "trend": 766.989353, "fair_value": 682.37142, "relative_strength": 35.945743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.586388, "energy": 91.987741, "activity_lines": [ 1002.730583, 948.119671, 876.982601, 825.505811 ] }, { "date": "2025-10-17", "close": 1089.731689, "volume": 29159, "typical_volume": 65874.95, "trend": 780.83005, "fair_value": 684.644547, "relative_strength": 37.815138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.79989, "energy": 96.560712, "activity_lines": [ 1043.90201, 980.034793, 903.28164, 846.327897 ] }, { "date": "2025-10-24", "close": 1104.728027, "volume": 126444, "typical_volume": 70875.5, "trend": 795.170624, "fair_value": 687.013804, "relative_strength": 34.456419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.528588, "energy": 94.416847, "activity_lines": [ 1075.401892, 1010.493774, 928.937592, 867.224541 ] }, { "date": "2025-10-31", "close": 1124.723022, "volume": 64481, "typical_volume": 71932.85, "trend": 810.177698, "fair_value": 689.479286, "relative_strength": 34.794219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.063948, "energy": 93.508446, "activity_lines": [ 1100.728971, 1040.087362, 954.390809, 888.485986 ] }, { "date": "2025-11-07", "close": 1114.725464, "volume": 21397, "typical_volume": 72892.45, "trend": 824.85152, "fair_value": 691.880681, "relative_strength": 33.016478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.938871, "energy": 89.133724, "activity_lines": [ 1109.393481, 1063.135134, 976.761046, 908.134229 ] }, { "date": "2025-11-14", "close": 1089.731689, "volume": 28729, "typical_volume": 73950.4, "trend": 838.692216, "fair_value": 694.121859, "relative_strength": 28.93799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.394058, "energy": 68.396656, "activity_lines": [ 1105.394474, 1077.092278, 994.7034, 925.223272 ] }, { "date": "2025-11-21", "close": 1074.735352, "volume": 13090, "typical_volume": 69810.95, "trend": 851.866488, "fair_value": 696.266908, "relative_strength": 28.328325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.533103, "energy": 66.68688, "activity_lines": [ 1095.396932, 1084.230944, 1009.289027, 940.451861 ] }, { "date": "2025-11-28", "close": 1124.723022, "volume": 79897, "typical_volume": 73358.6, "trend": 866.707015, "fair_value": 698.732389, "relative_strength": 30.762104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.507685, "energy": 68.433554, "activity_lines": [ 1103.061702, 1096.729939, 1026.837791, 958.055509 ] }, { "date": "2025-12-05", "close": 1139.71936, "volume": 89475, "typical_volume": 70798.2, "trend": 881.797601, "fair_value": 701.294002, "relative_strength": 32.112362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.440553, "energy": 67.838941, "activity_lines": [ 1114.392252, 1108.090778, 1043.83865, 975.669208 ] }, { "date": "2025-12-19", "close": 1079.734131, "volume": 10176, "typical_volume": 59513.95, "trend": 895.638137, "fair_value": 703.471093, "relative_strength": 21.459014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.085601, "energy": 59.405805, "activity_lines": [ 1104.72797, 1104.637083, 1053.328999, 988.439307 ] }, { "date": "2026-01-02", "close": 1054.740234, "volume": 3409, "typical_volume": 59403.45, "trend": 908.970921, "fair_value": 705.487967, "relative_strength": 17.351762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.097361, "energy": 50.54363, "activity_lines": [ 1089.065145, 1096.093723, 1059.069793, 998.703959 ] }, { "date": "2026-01-09", "close": 1049.741577, "volume": 9669, "typical_volume": 52046.95, "trend": 922.137083, "fair_value": 707.472799, "relative_strength": 14.184519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.039, "energy": 37.981383, "activity_lines": [ 1074.068864, 1087.005065, 1063.143862, 1007.785936 ] }, { "date": "2026-01-16", "close": 1004.752625, "volume": 152666, "typical_volume": 49007.75, "trend": 933.553709, "fair_value": 709.16924, "relative_strength": 7.679719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.114303, "energy": 30.800688, "activity_lines": [ 1045.742517, 1070.46369, 1062.028216, 1013.115971 ] }, { "date": "2026-01-23", "close": 1039.744019, "volume": 142410, "typical_volume": 52852.05, "trend": 945.636898, "fair_value": 711.281673, "relative_strength": 11.909065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.86696, "energy": 25.619427, "activity_lines": [ 1037.077995, 1062.102121, 1063.542363, 1019.966959 ] }, { "date": "2026-01-30", "close": 859.788269, "volume": 82360, "typical_volume": 54990.0, "trend": 951.471655, "fair_value": 712.240543, "relative_strength": -8.242983, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -29.817042, "energy": 39.95667, "activity_lines": [ 975.093246, 1022.566397, 1047.084224, 1014.428338 ] }, { "date": "2026-02-06", "close": 879.783386, "volume": 44217, "typical_volume": 56379.1, "trend": 957.972917, "fair_value": 713.327588, "relative_strength": -7.498959, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.972445, "energy": 51.731325, "activity_lines": [ 934.436593, 991.301372, 1032.553669, 1009.803288 ] }, { "date": "2026-02-13", "close": 859.788269, "volume": 253273, "typical_volume": 68727.25, "trend": 963.391162, "fair_value": 714.25451, "relative_strength": -10.310762, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.592711, "energy": 71.058958, "activity_lines": [ 898.778691, 960.218112, 1016.04689, 1003.468795 ] }, { "date": "2026-02-20", "close": 889.780884, "volume": 539920, "typical_volume": 94457.35, "trend": 969.392649, "fair_value": 715.372255, "relative_strength": -9.329267, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.912029, "energy": 69.494551, "activity_lines": [ 885.781881, 938.496184, 1002.44364, 998.719745 ] }, { "date": "2026-02-27", "close": 889.780884, "volume": 28709, "typical_volume": 94846.05, "trend": 973.644788, "fair_value": 716.458041, "relative_strength": -11.160052, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.956397, "energy": 68.680981, "activity_lines": [ 880.449854, 921.045931, 988.946961, 993.583502 ] }, { "date": "2026-03-06", "close": 884.782166, "volume": 31994, "typical_volume": 88189.8, "trend": 976.730674, "fair_value": 717.479827, "relative_strength": -6.292378, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.848107, "energy": 52.476056, "activity_lines": [ 883.449129, 907.231156, 975.140839, 987.850429 ] }, { "date": "2026-03-13", "close": 907.276611, "volume": 80028, "typical_volume": 91575.15, "trend": 980.149862, "fair_value": 718.645807, "relative_strength": -3.793494, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.137953, "energy": 40.339782, "activity_lines": [ 892.280294, 901.050861, 964.262567, 983.369522 ] }, { "date": "2026-03-20", "close": 949.766113, "volume": 122528, "typical_volume": 96243.6, "trend": 983.152714, "fair_value": 720.084156, "relative_strength": 3.909586, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -43.544016, "energy": 32.922155, "activity_lines": [ 913.441744, 905.277087, 958.228336, 981.40928 ] }, { "date": "2026-03-27", "close": 894.779663, "volume": 47805, "typical_volume": 92311.65, "trend": 984.405988, "fair_value": 721.170028, "relative_strength": -2.800201, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -44.364077, "energy": 30.706732, "activity_lines": [ 910.275854, 901.323513, 947.623804, 975.707793 ] }, { "date": "2026-04-03", "close": 919.773499, "volume": 70127, "typical_volume": 92593.95, "trend": 986.24248, "fair_value": 722.416117, "relative_strength": -4.784552, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.134613, "energy": 24.503354, "activity_lines": [ 915.107992, 903.913781, 940.399391, 971.537955 ] }, { "date": "2026-04-17", "close": 959.763672, "volume": 9606, "typical_volume": 92004.4, "trend": 989.411979, "fair_value": 723.918553, "relative_strength": -3.055387, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.232458, "energy": 19.529842, "activity_lines": [ 931.270679, 915.956271, 937.959515, 969.829645 ] }, { "date": "2026-04-24", "close": 970.0, "volume": 9796, "typical_volume": 91057.75, "trend": 992.922689, "fair_value": 725.486606, "relative_strength": 0.378288, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.30166, "energy": 17.290013, "activity_lines": [ 945.846708, 928.042178, 937.232442, 968.577259 ] }, { "date": "2026-05-01", "close": 995.0, "volume": 25859, "typical_volume": 91696.2, "trend": 997.100128, "fair_value": 727.214916, "relative_strength": 2.703934, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.437237, "energy": 13.102284, "activity_lines": [ 964.574512, 943.033236, 939.456472, 968.711279 ] }, { "date": "2026-05-08", "close": 985.0, "volume": 1435, "typical_volume": 87773.1, "trend": 999.528094, "fair_value": 728.879123, "relative_strength": 2.579921, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.387226, "energy": 19.290307, "activity_lines": [ 976.95339, 953.747718, 941.107813, 967.930626 ] }, { "date": "2026-05-15", "close": 870.0, "volume": 16226, "typical_volume": 84110.65, "trend": 997.702352, "fair_value": 729.806151, "relative_strength": -9.184525, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.190278, "energy": 19.24408, "activity_lines": [ 944.984245, 941.821853, 932.472121, 959.573974 ] }, { "date": "2026-05-22", "close": 825.0, "volume": 57269, "typical_volume": 86465.3, "trend": 990.210966, "fair_value": 730.444717, "relative_strength": -16.114988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.990716, "energy": 44.894166, "activity_lines": [ 901.333333, 922.073821, 920.835092, 948.431887 ] }, { "date": "2026-05-29", "close": 870.0, "volume": 12011, "typical_volume": 86895.4, "trend": 983.386454, "fair_value": 731.371745, "relative_strength": -11.13213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.346269, "energy": 58.608555, "activity_lines": [ 881.666667, 911.594557, 914.696797, 940.676341 ] }, { "date": "2026-06-05", "close": 840.0, "volume": 2213, "typical_volume": 86522.6, "trend": 975.062065, "fair_value": 732.426045, "relative_strength": -13.812923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.511162, "energy": 65.352149, "activity_lines": [ 858.666667, 896.338503, 906.581075, 931.425602 ] }, { "date": "2026-06-12", "close": 795.0, "volume": 994, "typical_volume": 78939.0, "trend": 964.737797, "fair_value": 733.191884, "relative_strength": -19.205908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.718358, "energy": 74.63065, "activity_lines": [ 831.0, 874.896379, 895.178408, 919.808695 ] }, { "date": "2026-06-19", "close": 720.0, "volume": 3285, "typical_volume": 71982.75, "trend": 951.24703, "fair_value": 733.476953, "relative_strength": -25.961234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.608493, "energy": 81.09029, "activity_lines": [ 791.0, 841.632067, 877.631706, 904.019159 ] }, { "date": "2026-06-26", "close": 600.0, "volume": 6326, "typical_volume": 68181.05, "trend": 934.089514, "fair_value": 732.992792, "relative_strength": -38.896274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.958449, "energy": 93.996338, "activity_lines": [ 721.0, 790.181818, 850.179023, 881.358061 ] }, { "date": "2026-07-03", "close": 595.0, "volume": 847, "typical_volume": 66012.55, "trend": 917.598458, "fair_value": 732.476579, "relative_strength": -40.104989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.040994, "energy": 95.419117, "activity_lines": [ 664.333333, 744.363636, 823.487237, 859.481318 ] }, { "date": "2026-07-10", "close": 615.0, "volume": 12204, "typical_volume": 53959.1, "trend": 902.273946, "fair_value": 732.088571, "relative_strength": -36.765603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.825444, "energy": 91.091188, "activity_lines": [ 632.666667, 709.0, 800.056324, 839.958837 ] }, { "date": "2026-07-17", "close": 640.0, "volume": 7181, "typical_volume": 27322.15, "trend": 886.116512, "fair_value": 731.86082, "relative_strength": -34.602964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.370708, "energy": 88.435598, "activity_lines": [ 624.333333, 685.090909, 780.172021, 823.037937 ] }, { "date": "2026-07-24", "close": 685.0, "volume": 6264, "typical_volume": 26199.9, "trend": 870.9592, "fair_value": 731.921531, "relative_strength": -30.673821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.209404, "energy": 81.439028, "activity_lines": [ 641.333333, 675.636364, 765.762866, 810.062678 ] }, { "date": "2026-07-31", "close": 770.0, "volume": 11218, "typical_volume": 25161.1, "trend": 860.634729, "fair_value": 732.463197, "relative_strength": -22.855315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.214984, "energy": 47.550447, "activity_lines": [ 689.0, 685.0, 760.424096, 803.549181 ] }, { "date": "2026-08-07", "close": 842.5, "volume": 9366, "typical_volume": 21628.0, "trend": 853.560055, "fair_value": 733.469608, "relative_strength": -15.6823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.220433, "energy": 23.825547, "activity_lines": [ 749.5, 708.545455, 762.53667, 802.379199 ] } ], "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." } } }