{ "ticker": { "uuid": "ab2db357-f7dc-4e67-82ed-e30e78d324da", "symbol": "AWK", "name": "American Water Works", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 54.793, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 30.843, "architecture_energy": 34.701, "architecture_maturity": 8.715, "architecture_confidence": 49.961, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 44.57, "rotation_up": 57.39, "upward_expansion": 52.13, "deceleration": 30.33, "rotation_down": 19.79, "downward_expansion": 12.79 }, "activity_lines": [ 134.541333, 133.366182, 130.808553, 130.970932 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 135.31, "trend_reference": 130.868759, "distance_from_trend": 0.033937, "trend_direction": "Improving", "fair_value": 129.015585, "distance_from_fair_value": 0.048788, "fair_value_direction": "Improving", "relative_strength": -8.867119, "relative_strength_direction": "Improving", "price_momentum": 0.103197, "excess_performance": -0.022428, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.033937, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007268, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.048788, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.089275, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.088671, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.091443, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.103197, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.348482, "read": "Demand-led" } ], "volume": { "latest": 10806316, "relative_activity": 1.073592, "balance": 1.348482, "dry_up": 1.113547, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.046506, "annualized_volatility": 0.212854, "from_high_reference": -0.066555, "from_low_reference": 0.130988 }, "levels": { "trend_reference": 130.868759, "fair_value_reference": 129.015585, "structural_low": 119.638799, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.001384, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.038533, "regime_survival": 0.5, "best_return": 0.03018, "worst_return": -0.08869, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.050707, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.081642, "regime_survival": 0.0, "best_return": 0.056041, "worst_return": -0.089444, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.0233, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.140197, "regime_survival": 0.0, "best_return": 0.015563, "worst_return": -0.043171, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.003163, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.1249, "regime_survival": 0.0, "best_return": 0.109752, "worst_return": -0.116079, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-03-07", "tenure": "Developing", "return": 0.182096, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": 0.012264, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": -0.033414, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-23", "end": "2025-09-26", "tenure": "Established", "return": -0.044954, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": 0.037967, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-11-07", "tenure": "New", "return": -0.090188, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-02-20", "tenure": "Established", "return": -0.010589, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": 0.010733, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": -0.057842, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": -0.054815, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": -0.005831, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": 0.050431, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": -0.012787, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.004827, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 130.020984, "volume": 6495787, "typical_volume": 4369174.9, "trend": 135.504836, "fair_value": 140.852079, "relative_strength": -11.419245, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.156775, "energy": 51.241485, "activity_lines": [ 132.235845, 133.492061, 134.601264, 134.861722 ] }, { "date": "2023-08-25", "close": 131.387065, "volume": 3048451, "typical_volume": 4353271.65, "trend": 135.05485, "fair_value": 140.890029, "relative_strength": -10.943134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.121596, "energy": 55.422569, "activity_lines": [ 131.448537, 132.952923, 134.18717, 134.59606 ] }, { "date": "2023-09-01", "close": 128.935605, "volume": 3569254, "typical_volume": 4320369.0, "trend": 134.53576, "fair_value": 140.898669, "relative_strength": -14.450611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.47217, "energy": 61.944202, "activity_lines": [ 130.322065, 132.101135, 133.584097, 134.20127 ] }, { "date": "2023-09-08", "close": 128.870108, "volume": 3425607, "typical_volume": 4323414.0, "trend": 134.184574, "fair_value": 140.918715, "relative_strength": -13.0737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.121557, "energy": 61.586985, "activity_lines": [ 129.698489, 131.360572, 133.021335, 133.835744 ] }, { "date": "2023-09-15", "close": 129.964844, "volume": 5535294, "typical_volume": 4378363.6, "trend": 133.895824, "fair_value": 140.961887, "relative_strength": -11.88888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.490704, "energy": 50.194599, "activity_lines": [ 129.660439, 130.892422, 132.61512, 133.563503 ] }, { "date": "2023-09-22", "close": 123.742625, "volume": 4508391, "typical_volume": 4442925.05, "trend": 133.648302, "fair_value": 140.931184, "relative_strength": -13.233152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.221288, "energy": 65.829798, "activity_lines": [ 127.629407, 129.317818, 131.651563, 132.908458 ] }, { "date": "2023-09-29", "close": 115.864266, "volume": 7682501, "typical_volume": 4635220.9, "trend": 133.195617, "fair_value": 140.822957, "relative_strength": -17.869969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.10977, "energy": 83.514035, "activity_lines": [ 123.390812, 126.535954, 130.003358, 131.761101 ] }, { "date": "2023-10-06", "close": 111.20462, "volume": 8050898, "typical_volume": 4859303.35, "trend": 132.774473, "fair_value": 140.646073, "relative_strength": -21.2349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.01352, "energy": 93.333234, "activity_lines": [ 118.633856, 123.319475, 128.02365, 130.342327 ] }, { "date": "2023-10-13", "close": 110.446725, "volume": 6377659, "typical_volume": 4950142.0, "trend": 132.076033, "fair_value": 140.464502, "relative_strength": -21.764931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.082319, "energy": 93.913403, "activity_lines": [ 114.806333, 120.430686, 126.069335, 128.901827 ] }, { "date": "2023-10-20", "close": 108.35082, "volume": 7291244, "typical_volume": 5052474.2, "trend": 131.306802, "fair_value": 140.278864, "relative_strength": -21.028859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.916864, "energy": 93.235345, "activity_lines": [ 111.508401, 117.555961, 124.025505, 127.371168 ] }, { "date": "2023-10-27", "close": 108.902867, "volume": 4910615, "typical_volume": 5123851.45, "trend": 130.412352, "fair_value": 140.117159, "relative_strength": -18.185494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.920856, "energy": 90.239434, "activity_lines": [ 109.83542, 115.196707, 122.164656, 125.925753 ] }, { "date": "2023-11-03", "close": 121.67479, "volume": 8447588, "typical_volume": 5291683.35, "trend": 129.777155, "fair_value": 139.976657, "relative_strength": -13.306271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.36163, "energy": 62.460571, "activity_lines": [ 113.409063, 115.543586, 121.651813, 125.362039 ] }, { "date": "2023-11-10", "close": 115.555495, "volume": 5163928, "typical_volume": 5380614.45, "trend": 129.005314, "fair_value": 139.792779, "relative_strength": -18.37861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.060902, "energy": 52.031285, "activity_lines": [ 114.555573, 114.954453, 120.637281, 124.444513 ] }, { "date": "2023-11-17", "close": 124.320302, "volume": 6530874, "typical_volume": 5293618.25, "trend": 128.487642, "fair_value": 139.685721, "relative_strength": -13.801955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.249778, "energy": 25.95482, "activity_lines": [ 118.333628, 116.202196, 120.553456, 124.142254 ] }, { "date": "2023-11-24", "close": 124.282658, "volume": 4176448, "typical_volume": 5337366.85, "trend": 128.051492, "fair_value": 139.601234, "relative_strength": -14.25242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.427575, "energy": 28.815764, "activity_lines": [ 121.174229, 117.525818, 120.506928, 123.870965 ] }, { "date": "2023-12-01", "close": 125.393164, "volume": 6393160, "typical_volume": 5461427.9, "trend": 127.646798, "fair_value": 139.551551, "relative_strength": -13.780202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.962065, "energy": 23.170717, "activity_lines": [ 123.322876, 119.154663, 120.599731, 123.69946 ] }, { "date": "2023-12-08", "close": 123.614471, "volume": 3841828, "typical_volume": 5429356.3, "trend": 127.119234, "fair_value": 139.49402, "relative_strength": -14.669954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.948603, "energy": 24.273519, "activity_lines": [ 123.779272, 120.4301, 120.574248, 123.43931 ] }, { "date": "2023-12-15", "close": 123.990914, "volume": 7108136, "typical_volume": 5530927.8, "trend": 126.862426, "fair_value": 139.427668, "relative_strength": -15.859955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.063907, "energy": 17.879563, "activity_lines": [ 124.231838, 121.633067, 120.655771, 123.237482 ] }, { "date": "2023-12-22", "close": 123.812104, "volume": 4224634, "typical_volume": 5517989.65, "trend": 126.537278, "fair_value": 139.366474, "relative_strength": -16.167455, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.179368, "energy": 14.942208, "activity_lines": [ 124.062438, 122.571046, 120.781291, 123.040687 ] }, { "date": "2023-12-29", "close": 124.21678, "volume": 2492318, "typical_volume": 5463730.75, "trend": 126.153309, "fair_value": 139.283055, "relative_strength": -15.603958, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.415892, "energy": 12.257168, "activity_lines": [ 124.061811, 123.339596, 120.985196, 122.890978 ] }, { "date": "2024-01-05", "close": 124.122669, "volume": 3809632, "typical_volume": 5329423.0, "trend": 125.739203, "fair_value": 139.178914, "relative_strength": -13.710171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.335421, "energy": 11.242351, "activity_lines": [ 124.034205, 123.802562, 121.213301, 122.759969 ] }, { "date": "2024-01-12", "close": 124.423824, "volume": 4394120, "typical_volume": 5396706.45, "trend": 125.263135, "fair_value": 139.060998, "relative_strength": -14.488754, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.827642, "energy": 9.81829, "activity_lines": [ 124.191684, 124.04356, 121.498175, 122.675106 ] }, { "date": "2024-01-19", "close": 117.920771, "volume": 4486469, "typical_volume": 5442567.2, "trend": 124.67023, "fair_value": 138.894575, "relative_strength": -19.343711, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.892559, "energy": 17.998306, "activity_lines": [ 122.127521, 123.052202, 121.19687, 122.201405 ] }, { "date": "2024-01-26", "close": 115.906801, "volume": 5599748, "typical_volume": 5551274.25, "trend": 124.103606, "fair_value": 138.726075, "relative_strength": -20.904808, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.580081, "energy": 28.482912, "activity_lines": [ 119.796712, 121.651663, 120.756209, 121.636022 ] }, { "date": "2024-02-02", "close": 116.095022, "volume": 6266345, "typical_volume": 5587826.8, "trend": 123.595705, "fair_value": 138.521294, "relative_strength": -21.279433, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.025974, "energy": 42.766137, "activity_lines": [ 118.055663, 120.438319, 120.395204, 121.119339 ] }, { "date": "2024-02-09", "close": 115.670536, "volume": 6454764, "typical_volume": 5685145.45, "trend": 122.913826, "fair_value": 138.332886, "relative_strength": -22.05593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.573529, "energy": 61.29971, "activity_lines": [ 116.714569, 119.296662, 120.059818, 120.608038 ] }, { "date": "2024-02-16", "close": 116.257408, "volume": 8311749, "typical_volume": 5716607.85, "trend": 122.17051, "fair_value": 138.177168, "relative_strength": -20.814997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.988743, "energy": 66.416916, "activity_lines": [ 116.132575, 118.438483, 119.818764, 120.178592 ] }, { "date": "2024-02-23", "close": 112.603658, "volume": 9089408, "typical_volume": 5768533.35, "trend": 121.363747, "fair_value": 138.083029, "relative_strength": -23.994978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.36217, "energy": 72.444787, "activity_lines": [ 114.877092, 117.049751, 119.227861, 119.561376 ] }, { "date": "2024-03-01", "close": 113.285186, "volume": 8800773, "typical_volume": 5889689.05, "trend": 120.733943, "fair_value": 138.027017, "relative_strength": -23.756404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.417564, "energy": 66.596956, "activity_lines": [ 114.203259, 115.991975, 118.695203, 119.040178 ] }, { "date": "2024-03-08", "close": 112.111443, "volume": 8476932, "typical_volume": 5948973.45, "trend": 120.098284, "fair_value": 137.945537, "relative_strength": -23.840211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.012409, "energy": 63.361129, "activity_lines": [ 113.312952, 114.912189, 118.037244, 118.483888 ] }, { "date": "2024-03-15", "close": 110.880905, "volume": 10708508, "typical_volume": 6238868.1, "trend": 119.460282, "fair_value": 137.860598, "relative_strength": -24.002884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.774727, "energy": 68.11154, "activity_lines": [ 112.278039, 113.828766, 117.244184, 117.889218 ] }, { "date": "2024-03-22", "close": 111.458311, "volume": 5521944, "typical_volume": 6092585.9, "trend": 118.79599, "fair_value": 137.733582, "relative_strength": -24.651835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.044045, "energy": 61.283036, "activity_lines": [ 111.754902, 113.091085, 116.496695, 117.372962 ] }, { "date": "2024-03-29", "close": 115.680002, "volume": 6632093, "typical_volume": 6165994.15, "trend": 118.354136, "fair_value": 137.609072, "relative_strength": -21.462743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.470703, "energy": 41.693619, "activity_lines": [ 112.958936, 113.356721, 116.199921, 117.171931 ] }, { "date": "2024-04-05", "close": 112.187168, "volume": 5319413, "typical_volume": 6105421.1, "trend": 117.798038, "fair_value": 137.455902, "relative_strength": -22.450474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.976779, "energy": 39.283118, "activity_lines": [ 112.793602, 113.028037, 115.569904, 116.774062 ] }, { "date": "2024-04-12", "close": 110.341362, "volume": 7794616, "typical_volume": 6286329.5, "trend": 117.143922, "fair_value": 137.242362, "relative_strength": -21.920925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.63155, "energy": 39.515668, "activity_lines": [ 112.086201, 112.431383, 114.821873, 116.292986 ] }, { "date": "2024-04-19", "close": 112.187168, "volume": 9371119, "typical_volume": 6435227.45, "trend": 116.75874, "fair_value": 137.045025, "relative_strength": -17.423978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.080241, "energy": 32.981941, "activity_lines": [ 112.112074, 112.274941, 114.31602, 115.973195 ] }, { "date": "2024-04-26", "close": 114.32641, "volume": 6263825, "typical_volume": 6556327.3, "trend": 116.707478, "fair_value": 136.880781, "relative_strength": -17.380502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.730187, "energy": 28.859852, "activity_lines": [ 112.763943, 112.570786, 114.07679, 115.816271 ] }, { "date": "2024-05-03", "close": 121.870553, "volume": 11038326, "typical_volume": 6752836.8, "trend": 117.06301, "fair_value": 136.783416, "relative_strength": -11.828961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.065782, "energy": 9.468407, "activity_lines": [ 115.73932, 114.273403, 114.600279, 116.149372 ] }, { "date": "2024-05-10", "close": 128.259882, "volume": 7567385, "typical_volume": 6919974.35, "trend": 117.656781, "fair_value": 136.723269, "relative_strength": -8.271856, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.735346, "energy": 42.375802, "activity_lines": [ 120.43177, 116.969227, 115.742372, 116.871751 ] }, { "date": "2024-05-17", "close": 127.336871, "volume": 5367561, "typical_volume": 7063736.5, "trend": 118.28965, "fair_value": 136.643984, "relative_strength": -9.905226, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.091098, "energy": 66.644635, "activity_lines": [ 123.745035, 119.224963, 116.775379, 117.496273 ] }, { "date": "2024-05-24", "close": 122.07242, "volume": 4988003, "typical_volume": 7122655.05, "trend": 118.728635, "fair_value": 136.53153, "relative_strength": -13.0517, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.654063, "energy": 62.076453, "activity_lines": [ 124.17045, 120.246701, 117.292153, 117.740323 ] }, { "date": "2024-05-31", "close": 124.49045, "volume": 6042403, "typical_volume": 7205069.2, "trend": 118.82249, "fair_value": 136.426436, "relative_strength": -10.424265, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.151399, "energy": 61.045828, "activity_lines": [ 124.742857, 121.504598, 118.048978, 118.112053 ] }, { "date": "2024-06-07", "close": 122.09146, "volume": 5075891, "typical_volume": 7234540.3, "trend": 119.040356, "fair_value": 136.283275, "relative_strength": -12.646002, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.896695, "energy": 41.354092, "activity_lines": [ 123.837999, 122.089367, 118.577011, 118.322954 ] }, { "date": "2024-06-14", "close": 123.091039, "volume": 4983554, "typical_volume": 7203730.6, "trend": 118.99938, "fair_value": 136.162802, "relative_strength": -12.762451, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.939921, "energy": 26.619292, "activity_lines": [ 123.251606, 122.739306, 119.180381, 118.584288 ] }, { "date": "2024-06-21", "close": 124.271495, "volume": 4888964, "typical_volume": 7134861.55, "trend": 118.999008, "fair_value": 136.063232, "relative_strength": -11.90737, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.527087, "energy": 23.809706, "activity_lines": [ 123.403289, 123.405621, 119.861965, 118.924425 ] }, { "date": "2024-06-28", "close": 122.957762, "volume": 4139478, "typical_volume": 7019097.25, "trend": 118.917828, "fair_value": 135.945715, "relative_strength": -12.283642, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 41.32694, "energy": 27.864668, "activity_lines": [ 123.321418, 123.579801, 120.379496, 119.179828 ] }, { "date": "2024-07-05", "close": 123.766945, "volume": 2549219, "typical_volume": 6730970.75, "trend": 118.922911, "fair_value": 135.802209, "relative_strength": -12.841095, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.992732, "energy": 29.267734, "activity_lines": [ 123.450253, 123.705276, 120.939391, 119.492674 ] }, { "date": "2024-07-12", "close": 132.401406, "volume": 4713212, "typical_volume": 6512160.95, "trend": 119.20326, "fair_value": 135.67924, "relative_strength": -7.157497, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 78.412019, "energy": 59.003612, "activity_lines": [ 126.505475, 125.229006, 122.285856, 120.362255 ] }, { "date": "2024-07-19", "close": 134.381524, "volume": 4346625, "typical_volume": 6289453.55, "trend": 119.555574, "fair_value": 135.574968, "relative_strength": -3.399826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.823173, "energy": 75.21567, "activity_lines": [ 129.533407, 126.921288, 123.726629, 121.341498 ] }, { "date": "2024-07-26", "close": 134.905114, "volume": 3760759, "typical_volume": 6053644.9, "trend": 119.911852, "fair_value": 135.457657, "relative_strength": -1.796862, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.037651, "energy": 81.528447, "activity_lines": [ 131.983169, 128.597466, 125.116808, 122.331791 ] }, { "date": "2024-08-02", "close": 140.274282, "volume": 5040248, "typical_volume": 5770231.9, "trend": 120.450239, "fair_value": 135.332387, "relative_strength": 4.615929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.717582, "energy": 90.914891, "activity_lines": [ 135.513746, 131.112251, 126.909796, 123.645496 ] }, { "date": "2024-08-09", "close": 135.447742, "volume": 5474382, "typical_volume": 5767853.8, "trend": 120.817703, "fair_value": 135.164178, "relative_strength": 1.342941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.596006, "energy": 82.638145, "activity_lines": [ 136.281042, 132.418541, 128.103145, 124.613076 ] }, { "date": "2024-08-16", "close": 134.936321, "volume": 3639762, "typical_volume": 5618237.25, "trend": 121.384888, "fair_value": 134.962683, "relative_strength": -2.484406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.336143, "energy": 72.857009, "activity_lines": [ 136.099145, 133.432622, 129.133551, 125.523955 ] }, { "date": "2024-08-23", "close": 134.400328, "volume": 2904711, "typical_volume": 5497502.15, "trend": 122.001339, "fair_value": 134.779707, "relative_strength": -3.750359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.926683, "energy": 55.390169, "activity_lines": [ 135.569589, 134.115707, 130.021214, 126.363661 ] }, { "date": "2024-08-30", "close": 136.984581, "volume": 4599776, "typical_volume": 5337760.15, "trend": 122.697658, "fair_value": 134.58526, "relative_strength": -1.813926, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.991552, "energy": 52.223807, "activity_lines": [ 135.900196, 135.063032, 131.049219, 127.330322 ] }, { "date": "2024-09-06", "close": 137.769429, "volume": 3320514, "typical_volume": 5035229.9, "trend": 123.434287, "fair_value": 134.397929, "relative_strength": 3.31826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.205495, "energy": 51.465813, "activity_lines": [ 136.353789, 135.92191, 132.025099, 128.302694 ] }, { "date": "2024-09-13", "close": 141.779807, "volume": 4293620, "typical_volume": 4936719.65, "trend": 124.285034, "fair_value": 134.275408, "relative_strength": 2.580974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.702607, "energy": 58.281294, "activity_lines": [ 138.311165, 137.240644, 133.2611, 129.486276 ] }, { "date": "2024-09-20", "close": 140.918389, "volume": 7466493, "typical_volume": 4758128.0, "trend": 125.228858, "fair_value": 134.154605, "relative_strength": 0.870629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.197553, "energy": 59.355969, "activity_lines": [ 139.559263, 138.075251, 134.28433, 130.559396 ] }, { "date": "2024-09-27", "close": 138.716988, "volume": 5471241, "typical_volume": 4653320.8, "trend": 126.076585, "fair_value": 134.068642, "relative_strength": -1.01704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.070882, "energy": 52.689199, "activity_lines": [ 139.674757, 138.354748, 135.007199, 131.429597 ] }, { "date": "2024-10-04", "close": 136.458159, "volume": 5820842, "typical_volume": 4675984.85, "trend": 126.888142, "fair_value": 133.953774, "relative_strength": -2.700444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.463512, "energy": 45.925821, "activity_lines": [ 138.74953, 138.144723, 135.465146, 132.099376 ] }, { "date": "2024-10-11", "close": 132.916775, "volume": 5031576, "typical_volume": 4678163.5, "trend": 127.622671, "fair_value": 133.812787, "relative_strength": -6.082737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.180085, "energy": 27.955289, "activity_lines": [ 136.678937, 137.262572, 135.542383, 132.48832 ] }, { "date": "2024-10-18", "close": 135.874309, "volume": 3487316, "typical_volume": 4550409.15, "trend": 128.436538, "fair_value": 133.665328, "relative_strength": -4.603075, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.016988, "energy": 20.709232, "activity_lines": [ 135.917699, 137.051928, 135.849651, 133.020684 ] }, { "date": "2024-10-25", "close": 131.758646, "volume": 4048666, "typical_volume": 4499047.9, "trend": 128.972493, "fair_value": 133.500929, "relative_strength": -6.301106, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.657734, "energy": 19.231257, "activity_lines": [ 134.178273, 136.085226, 135.710742, 133.235014 ] }, { "date": "2024-11-01", "close": 130.169809, "volume": 5538326, "typical_volume": 4526786.5, "trend": 129.571914, "fair_value": 133.352529, "relative_strength": -5.717875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.213526, "energy": 18.872372, "activity_lines": [ 132.519884, 134.88742, 135.37448, 133.31226 ] }, { "date": "2024-11-08", "close": 130.255951, "volume": 6958191, "typical_volume": 4630247.85, "trend": 130.235734, "fair_value": 133.194909, "relative_strength": -9.591827, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.180597, "energy": 20.937514, "activity_lines": [ 131.460021, 133.782195, 135.012715, 133.356391 ] }, { "date": "2024-11-15", "close": 129.217845, "volume": 5690852, "typical_volume": 4707816.55, "trend": 130.803423, "fair_value": 133.015288, "relative_strength": -7.974663, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.18964, "energy": 35.243871, "activity_lines": [ 130.467604, 132.610562, 134.523584, 133.290721 ] }, { "date": "2024-11-22", "close": 132.182837, "volume": 6216208, "typical_volume": 4891166.0, "trend": 131.398637, "fair_value": 132.87252, "relative_strength": -6.997778, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.132169, "energy": 32.217782, "activity_lines": [ 130.710112, 132.133502, 134.287024, 133.379715 ] }, { "date": "2024-11-29", "close": 131.826653, "volume": 7012628, "typical_volume": 5006136.8, "trend": 131.730507, "fair_value": 132.719795, "relative_strength": -7.901276, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.950142, "energy": 19.752812, "activity_lines": [ 131.079991, 131.766171, 133.976466, 133.407329 ] }, { "date": "2024-12-06", "close": 127.427297, "volume": 6690609, "typical_volume": 5123336.0, "trend": 131.702754, "fair_value": 132.51265, "relative_strength": -11.295696, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.326769, "energy": 24.758188, "activity_lines": [ 129.978883, 130.764262, 133.249659, 133.129703 ] }, { "date": "2024-12-13", "close": 124.751102, "volume": 4377128, "typical_volume": 5154154.45, "trend": 131.616562, "fair_value": 132.247831, "relative_strength": -12.211091, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.532878, "energy": 34.550781, "activity_lines": [ 128.168545, 129.481039, 132.301091, 132.681209 ] }, { "date": "2024-12-20", "close": 121.21814, "volume": 8416715, "typical_volume": 5322977.8, "trend": 131.588086, "fair_value": 131.966352, "relative_strength": -12.676836, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.786645, "energy": 59.879518, "activity_lines": [ 125.547543, 127.768315, 131.064403, 132.010343 ] }, { "date": "2024-12-27", "close": 120.611665, "volume": 2773798, "typical_volume": 5187948.6, "trend": 131.458793, "fair_value": 131.641569, "relative_strength": -13.236971, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.639146, "energy": 80.256406, "activity_lines": [ 123.257696, 126.158026, 129.8607, 131.302187 ] }, { "date": "2025-01-03", "close": 119.148421, "volume": 3256781, "typical_volume": 5168799.55, "trend": 131.360692, "fair_value": 131.396703, "relative_strength": -13.365985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.391679, "energy": 85.174195, "activity_lines": [ 121.251512, 124.559194, 128.588287, 130.50797 ] }, { "date": "2025-01-10", "close": 116.597373, "volume": 4085221, "typical_volume": 5227825.05, "trend": 131.144237, "fair_value": 131.193211, "relative_strength": -13.090326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.738243, "energy": 91.477626, "activity_lines": [ 119.240195, 122.725812, 127.148098, 129.555497 ] }, { "date": "2025-01-17", "close": 121.872749, "volume": 5574815, "typical_volume": 5276577.0, "trend": 131.064278, "fair_value": 131.036209, "relative_strength": -11.434655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.871949, "energy": 78.609765, "activity_lines": [ 119.709331, 122.098362, 126.295102, 128.957337 ] }, { "date": "2025-01-24", "close": 117.088329, "volume": 4313921, "typical_volume": 5326247.35, "trend": 130.868631, "fair_value": 130.869175, "relative_strength": -16.027206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.176824, "energy": 71.727047, "activity_lines": [ 118.775551, 120.753438, 125.058408, 128.055663 ] }, { "date": "2025-01-31", "close": 119.985936, "volume": 7299143, "typical_volume": 5476523.5, "trend": 130.742597, "fair_value": 130.73432, "relative_strength": -12.788354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.973295, "energy": 52.004955, "activity_lines": [ 119.082961, 120.155889, 124.196158, 127.353553 ] }, { "date": "2025-02-07", "close": 118.652652, "volume": 4926442, "typical_volume": 5349520.95, "trend": 130.284305, "fair_value": 130.622663, "relative_strength": -13.342507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.747857, "energy": 47.852577, "activity_lines": [ 118.987657, 119.537686, 123.310709, 126.573557 ] }, { "date": "2025-02-14", "close": 121.723342, "volume": 8604193, "typical_volume": 5506168.55, "trend": 129.862366, "fair_value": 130.537693, "relative_strength": -12.134415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.644623, "energy": 38.296939, "activity_lines": [ 119.948969, 119.717318, 122.823733, 126.021237 ] }, { "date": "2025-02-21", "close": 128.523421, "volume": 7100128, "typical_volume": 5570132.85, "trend": 129.649643, "fair_value": 130.47046, "relative_strength": -5.633933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.514951, "energy": 16.614651, "activity_lines": [ 122.835242, 121.237036, 123.065307, 125.934853 ] }, { "date": "2025-02-28", "close": 131.710352, "volume": 8701822, "typical_volume": 5753645.15, "trend": 129.364178, "fair_value": 130.374925, "relative_strength": -2.339495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.225213, "energy": 16.184164, "activity_lines": [ 126.340447, 123.267609, 123.648182, 126.067802 ] }, { "date": "2025-03-07", "close": 140.844931, "volume": 9191715, "typical_volume": 6038865.1, "trend": 129.544085, "fair_value": 130.390236, "relative_strength": 7.538288, "stage": 2, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 45.775838, "energy": 45.920586, "activity_lines": [ 131.915711, 126.768247, 125.106762, 126.808496 ] }, { "date": "2025-03-14", "close": 139.798765, "volume": 9721045, "typical_volume": 6322484.05, "trend": 129.706166, "fair_value": 130.360089, "relative_strength": 8.960453, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.315449, "energy": 56.128031, "activity_lines": [ 135.751653, 129.710795, 126.442038, 127.470088 ] }, { "date": "2025-03-21", "close": 136.7087, "volume": 8371216, "typical_volume": 6464128.55, "trend": 129.783112, "fair_value": 130.30529, "relative_strength": 5.782376, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.1345, "energy": 62.384197, "activity_lines": [ 137.147832, 131.716052, 127.444735, 127.921865 ] }, { "date": "2025-03-28", "close": 141.658615, "volume": 7095578, "typical_volume": 6470997.9, "trend": 129.938913, "fair_value": 130.228005, "relative_strength": 10.965318, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.645184, "energy": 70.201001, "activity_lines": [ 139.194959, 134.255633, 128.887715, 128.688026 ] }, { "date": "2025-04-04", "close": 142.617601, "volume": 10073081, "typical_volume": 6690109.35, "trend": 130.100519, "fair_value": 130.150857, "relative_strength": 22.209864, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.472645, "energy": 59.314341, "activity_lines": [ 140.686068, 136.609833, 130.367729, 129.506006 ] }, { "date": "2025-04-11", "close": 141.513314, "volume": 12256088, "typical_volume": 6992103.35, "trend": 130.091636, "fair_value": 130.088281, "relative_strength": 14.313909, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.289298, "energy": 50.874839, "activity_lines": [ 141.081932, 138.299084, 131.678764, 130.242315 ] }, { "date": "2025-04-18", "close": 143.750947, "volume": 4633090, "typical_volume": 6873126.45, "trend": 130.186054, "fair_value": 130.051487, "relative_strength": 17.357764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.344527, "energy": 53.578987, "activity_lines": [ 142.179115, 140.003771, 133.158476, 131.123561 ] }, { "date": "2025-04-25", "close": 139.459729, "volume": 5972183, "typical_volume": 6837205.15, "trend": 130.210812, "fair_value": 130.046247, "relative_strength": 8.615761, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.321107, "energy": 46.373856, "activity_lines": [ 141.582413, 140.471904, 134.172719, 131.721863 ] }, { "date": "2025-05-02", "close": 142.50136, "volume": 6407171, "typical_volume": 6938707.3, "trend": 130.412252, "fair_value": 130.090092, "relative_strength": 7.738742, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.709693, "energy": 45.003206, "activity_lines": [ 141.816186, 141.17058, 135.419343, 132.514801 ] }, { "date": "2025-05-09", "close": 142.336686, "volume": 4914216, "typical_volume": 6763582.35, "trend": 130.726249, "fair_value": 130.143806, "relative_strength": 8.050457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.460084, "energy": 41.772333, "activity_lines": [ 141.938884, 141.585172, 136.565759, 133.28412 ] }, { "date": "2025-05-16", "close": 138.947702, "volume": 10762110, "typical_volume": 7162997.95, "trend": 130.828696, "fair_value": 130.181131, "relative_strength": 0.257588, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.827965, "energy": 29.34453, "activity_lines": [ 140.950649, 141.190379, 137.28885, 133.814536 ] }, { "date": "2025-05-23", "close": 139.971097, "volume": 5678787, "typical_volume": 7284098.25, "trend": 131.102444, "fair_value": 130.188729, "relative_strength": 3.557639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.341535, "energy": 27.562563, "activity_lines": [ 140.474587, 141.016153, 138.022093, 134.404368 ] }, { "date": "2025-05-30", "close": 139.347314, "volume": 6881806, "typical_volume": 7423927.5, "trend": 131.408361, "fair_value": 130.172455, "relative_strength": 1.319903, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.749342, "energy": 23.370316, "activity_lines": [ 140.042586, 140.725378, 138.596773, 134.936295 ] }, { "date": "2025-06-06", "close": 136.501303, "volume": 4837781, "typical_volume": 7387075.8, "trend": 131.616539, "fair_value": 130.17827, "relative_strength": -2.334758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.531344, "energy": 18.410669, "activity_lines": [ 138.66941, 139.869172, 138.792071, 135.264872 ] }, { "date": "2025-06-13", "close": 137.856082, "volume": 4096901, "typical_volume": 7376224.8, "trend": 131.904481, "fair_value": 130.289085, "relative_strength": -1.022122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.400098, "energy": 16.898238, "activity_lines": [ 138.147831, 139.353058, 139.046735, 135.667424 ] }, { "date": "2025-06-20", "close": 137.670896, "volume": 5714573, "typical_volume": 7296996.3, "trend": 132.087416, "fair_value": 130.301987, "relative_strength": -1.000932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.007073, "energy": 13.023799, "activity_lines": [ 137.863229, 138.889848, 139.184869, 136.03945 ] }, { "date": "2025-06-27", "close": 134.425274, "volume": 5425203, "typical_volume": 7321934.35, "trend": 132.174036, "fair_value": 130.264244, "relative_strength": -6.500088, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.630272, "energy": 11.507203, "activity_lines": [ 136.581875, 137.906387, 138.929681, 136.19028 ] }, { "date": "2025-07-04", "close": 136.501303, "volume": 4585236, "typical_volume": 7120986.5, "trend": 132.476503, "fair_value": 130.254876, "relative_strength": -6.580979, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.510429, "energy": 12.160253, "activity_lines": [ 136.362251, 137.469943, 138.797103, 136.469458 ] }, { "date": "2025-07-11", "close": 138.684544, "volume": 5554296, "typical_volume": 7043694.9, "trend": 132.940951, "fair_value": 130.272927, "relative_strength": -4.691786, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.708558, "energy": 10.259712, "activity_lines": [ 137.060109, 137.484241, 138.802082, 136.869977 ] }, { "date": "2025-07-18", "close": 139.288834, "volume": 6028263, "typical_volume": 6910016.95, "trend": 133.543308, "fair_value": 130.296903, "relative_strength": -4.677231, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.77029, "energy": 12.504583, "activity_lines": [ 137.813847, 137.677808, 138.816226, 137.279518 ] }, { "date": "2025-07-25", "close": 136.764461, "volume": 5145535, "typical_volume": 6707707.95, "trend": 134.081734, "fair_value": 130.262373, "relative_strength": -7.52689, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.251578, "energy": 11.410207, "activity_lines": [ 137.63061, 137.467812, 138.553865, 137.487334 ] }, { "date": "2025-08-01", "close": 142.027632, "volume": 8084331, "typical_volume": 6625872.25, "trend": 134.844375, "fair_value": 130.260408, "relative_strength": -1.28137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.618337, "energy": 22.744652, "activity_lines": [ 139.262193, 138.254452, 138.812189, 137.999973 ] }, { "date": "2025-08-08", "close": 141.676754, "volume": 13309639, "typical_volume": 6872793.4, "trend": 135.680354, "fair_value": 130.236506, "relative_strength": -3.634787, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.35158, "energy": 24.768849, "activity_lines": [ 140.269993, 138.939905, 139.026483, 138.440771 ] }, { "date": "2025-08-15", "close": 141.090161, "volume": 5934605, "typical_volume": 6814744.75, "trend": 136.320935, "fair_value": 130.211905, "relative_strength": -4.751651, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.42067, "energy": 33.304984, "activity_lines": [ 140.737232, 139.476351, 139.161253, 138.789791 ] }, { "date": "2025-08-22", "close": 143.325331, "volume": 5383174, "typical_volume": 6580249.4, "trend": 137.195501, "fair_value": 130.241192, "relative_strength": -3.361983, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.989319, "energy": 47.404066, "activity_lines": [ 141.789152, 140.335758, 139.511604, 139.241688 ] }, { "date": "2025-08-29", "close": 140.688223, "volume": 5717443, "typical_volume": 6253317.15, "trend": 137.885578, "fair_value": 130.27106, "relative_strength": -4.879511, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.550986, "energy": 38.293665, "activity_lines": [ 141.692937, 140.616249, 139.607431, 139.467025 ] }, { "date": "2025-09-05", "close": 140.776453, "volume": 3981189, "typical_volume": 6220722.1, "trend": 138.623038, "fair_value": 130.261579, "relative_strength": -4.817614, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.121519, "energy": 27.443636, "activity_lines": [ 141.364548, 140.857922, 139.71559, 139.653533 ] }, { "date": "2025-09-12", "close": 136.541396, "volume": 4968576, "typical_volume": 6170541.75, "trend": 139.116973, "fair_value": 130.263216, "relative_strength": -8.742779, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.620382, "energy": 5.962827, "activity_lines": [ 139.707886, 140.214109, 139.434575, 139.519233 ] }, { "date": "2025-09-19", "close": 132.404372, "volume": 7021739, "typical_volume": 6201270.15, "trend": 139.246338, "fair_value": 130.282427, "relative_strength": -12.206627, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -52.128554, "energy": 30.771701, "activity_lines": [ 137.014572, 138.817381, 138.773454, 139.086162 ] }, { "date": "2025-09-26", "close": 133.67881, "volume": 6317978, "typical_volume": 6271458.25, "trend": 139.311953, "fair_value": 130.373092, "relative_strength": -10.779905, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -58.8366, "energy": 49.291834, "activity_lines": [ 135.325124, 137.766553, 138.281789, 138.726967 ] }, { "date": "2025-10-03", "close": 135.041479, "volume": 5961279, "typical_volume": 6031416.7, "trend": 139.118505, "fair_value": 130.488446, "relative_strength": -10.567571, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.88212, "energy": 55.176977, "activity_lines": [ 134.733, 137.065484, 137.96113, 138.451453 ] }, { "date": "2025-10-10", "close": 140.168644, "volume": 6825695, "typical_volume": 6088762.1, "trend": 139.130834, "fair_value": 130.630839, "relative_strength": -4.728827, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.826767, "energy": 40.747029, "activity_lines": [ 136.22638, 137.327953, 138.147374, 138.519203 ] }, { "date": "2025-10-17", "close": 140.982324, "volume": 6111009, "typical_volume": 6050222.25, "trend": 139.273288, "fair_value": 130.753016, "relative_strength": -5.630049, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.860779, "energy": 9.891467, "activity_lines": [ 138.031508, 137.772165, 138.41017, 138.638654 ] }, { "date": "2025-10-24", "close": 138.805975, "volume": 4744694, "typical_volume": 6045567.9, "trend": 139.1782, "fair_value": 130.783651, "relative_strength": -8.653111, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.243272, "energy": 15.660106, "activity_lines": [ 138.815125, 137.833302, 138.457909, 138.608505 ] }, { "date": "2025-10-31", "close": 125.904735, "volume": 12791815, "typical_volume": 6480313.6, "trend": 138.621105, "fair_value": 130.772206, "relative_strength": -17.401122, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.491017, "energy": 32.151803, "activity_lines": [ 134.871554, 135.59029, 137.265984, 137.752153 ] }, { "date": "2025-11-07", "close": 128.267348, "volume": 10511417, "typical_volume": 6720155.8, "trend": 138.179572, "fair_value": 130.73121, "relative_strength": -14.24469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.952693, "energy": 56.500334, "activity_lines": [ 132.233793, 134.093582, 136.355981, 137.084168 ] }, { "date": "2025-11-14", "close": 129.844228, "volume": 8922351, "typical_volume": 6895013.2, "trend": 137.716015, "fair_value": 130.695767, "relative_strength": -13.089295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.58596, "energy": 65.31695, "activity_lines": [ 130.573267, 133.109414, 135.640936, 136.546404 ] }, { "date": "2025-11-21", "close": 130.949117, "volume": 11524489, "typical_volume": 7241975.85, "trend": 137.432328, "fair_value": 130.630793, "relative_strength": -10.433001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.61646, "energy": 66.19445, "activity_lines": [ 129.969332, 132.524902, 135.052933, 136.10983 ] }, { "date": "2025-11-28", "close": 128.31514, "volume": 9314146, "typical_volume": 7429968.35, "trend": 136.959454, "fair_value": 130.543967, "relative_strength": -15.115331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.048457, "energy": 61.884316, "activity_lines": [ 129.156286, 131.563164, 134.240514, 135.521624 ] }, { "date": "2025-12-05", "close": 127.75283, "volume": 12767466, "typical_volume": 7766928.5, "trend": 136.473325, "fair_value": 130.43934, "relative_strength": -15.580887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.856554, "energy": 47.842734, "activity_lines": [ 128.855191, 130.573536, 133.42392, 134.927649 ] }, { "date": "2025-12-12", "close": 129.775172, "volume": 11247980, "typical_volume": 8072050.75, "trend": 136.167574, "fair_value": 130.369798, "relative_strength": -13.610047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.882207, "energy": 37.46827, "activity_lines": [ 129.105004, 130.059353, 132.854863, 134.49551 ] }, { "date": "2025-12-19", "close": 128.492711, "volume": 11377297, "typical_volume": 8236699.05, "trend": 135.784962, "fair_value": 130.288369, "relative_strength": -14.427994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.0575, "energy": 37.641153, "activity_lines": [ 128.826809, 129.407745, 132.196949, 134.000357 ] }, { "date": "2025-12-26", "close": 128.788664, "volume": 2839739, "typical_volume": 7713204.05, "trend": 135.433007, "fair_value": 130.212385, "relative_strength": -15.301914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.302769, "energy": 34.289747, "activity_lines": [ 128.737365, 129.022237, 131.631673, 133.548983 ] }, { "date": "2026-01-02", "close": 128.561767, "volume": 3045620, "typical_volume": 7568754.8, "trend": 135.168355, "fair_value": 130.100404, "relative_strength": -14.452069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.013962, "energy": 32.582726, "activity_lines": [ 128.71632, 128.817178, 131.10616, 133.105677 ] }, { "date": "2026-01-09", "close": 126.253337, "volume": 8683147, "typical_volume": 7733753.45, "trend": 134.781597, "fair_value": 129.970017, "relative_strength": -17.153177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.027858, "energy": 37.189752, "activity_lines": [ 127.909356, 128.378663, 130.420455, 132.530515 ] }, { "date": "2026-01-16", "close": 131.541022, "volume": 8623921, "typical_volume": 7879077.35, "trend": 134.577268, "fair_value": 129.916882, "relative_strength": -13.259969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.100012, "energy": 24.109467, "activity_lines": [ 128.96492, 128.895207, 130.319635, 132.321446 ] }, { "date": "2026-01-23", "close": 127.959997, "volume": 5179585, "typical_volume": 7938997.15, "trend": 134.361759, "fair_value": 129.808378, "relative_strength": -15.255567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.865307, "energy": 24.798762, "activity_lines": [ 128.709085, 128.701134, 129.921322, 131.894525 ] }, { "date": "2026-01-30", "close": 127.387822, "volume": 6481950, "typical_volume": 8014665.85, "trend": 134.057976, "fair_value": 129.698631, "relative_strength": -15.838455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.440383, "energy": 30.825075, "activity_lines": [ 128.29804, 128.437287, 129.529548, 131.444594 ] }, { "date": "2026-02-06", "close": 122.652582, "volume": 9872567, "typical_volume": 8157207.25, "trend": 133.523577, "fair_value": 129.591239, "relative_strength": -18.649607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.967825, "energy": 45.15959, "activity_lines": [ 126.401971, 127.377239, 128.730387, 130.708762 ] }, { "date": "2026-02-13", "close": 132.570501, "volume": 11818333, "typical_volume": 8432225.0, "trend": 133.299633, "fair_value": 129.552413, "relative_strength": -10.868364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.596395, "energy": 23.989417, "activity_lines": [ 128.205821, 128.223405, 128.922226, 130.647273 ] }, { "date": "2026-02-20", "close": 128.469256, "volume": 8445441, "typical_volume": 8556433.1, "trend": 133.023126, "fair_value": 129.535112, "relative_strength": -14.358501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.527526, "energy": 24.733965, "activity_lines": [ 128.221445, 128.236296, 128.728749, 130.335636 ] }, { "date": "2026-02-27", "close": 135.082885, "volume": 9514086, "typical_volume": 8690852.65, "trend": 132.791635, "fair_value": 129.571253, "relative_strength": -9.278816, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.155798, "energy": 5.184309, "activity_lines": [ 130.646396, 129.475408, 129.196437, 130.468523 ] }, { "date": "2026-03-06", "close": 136.53272, "volume": 8844594, "typical_volume": 8827531.9, "trend": 132.620167, "fair_value": 129.652624, "relative_strength": -6.079934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.8973, "energy": 28.113854, "activity_lines": [ 133.079766, 130.858306, 129.826423, 130.709884 ] }, { "date": "2026-03-13", "close": 138.717402, "volume": 10038711, "typical_volume": 9092232.75, "trend": 132.541075, "fair_value": 129.699531, "relative_strength": -2.761356, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.613766, "energy": 47.236393, "activity_lines": [ 135.631704, 132.497617, 130.685662, 131.103254 ] }, { "date": "2026-03-20", "close": 134.844556, "volume": 10939398, "typical_volume": 8999611.9, "trend": 132.258382, "fair_value": 129.721433, "relative_strength": -3.422811, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.979334, "energy": 44.62352, "activity_lines": [ 135.821705, 133.248127, 131.17648, 131.251865 ] }, { "date": "2026-03-27", "close": 135.907106, "volume": 8464131, "typical_volume": 8897247.6, "trend": 132.099012, "fair_value": 129.722528, "relative_strength": -0.050361, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.596895, "energy": 46.760047, "activity_lines": [ 136.214286, 134.035624, 131.725924, 131.487267 ] }, { "date": "2026-04-03", "close": 137.178194, "volume": 6388089, "typical_volume": 8770534.5, "trend": 131.97907, "fair_value": 129.699755, "relative_strength": -1.787538, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.327386, "energy": 35.844638, "activity_lines": [ 136.534706, 134.974844, 132.360043, 131.814956 ] }, { "date": "2026-04-10", "close": 136.2646, "volume": 10171938, "typical_volume": 8702906.95, "trend": 131.969843, "fair_value": 129.684075, "relative_strength": -5.256774, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 51.925579, "energy": 31.511038, "activity_lines": [ 136.410907, 135.580353, 132.87223, 132.091442 ] }, { "date": "2026-04-17", "close": 130.69366, "volume": 11043220, "typical_volume": 8789360.65, "trend": 131.912819, "fair_value": 129.625378, "relative_strength": -12.321815, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 30.912171, "energy": 17.667164, "activity_lines": [ 134.448003, 135.011567, 132.828539, 132.009108 ] }, { "date": "2026-04-24", "close": 131.49802, "volume": 8132903, "typical_volume": 8557632.5, "trend": 131.840126, "fair_value": 129.587755, "relative_strength": -11.669175, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.182729, "energy": 13.580401, "activity_lines": [ 133.288136, 134.442827, 132.850127, 131.982346 ] }, { "date": "2026-05-01", "close": 126.493111, "volume": 9430797, "typical_volume": 8466773.35, "trend": 131.555181, "fair_value": 129.51698, "relative_strength": -15.206112, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.789943, "energy": 14.467585, "activity_lines": [ 130.683067, 132.983604, 132.377224, 131.637378 ] }, { "date": "2026-05-08", "close": 124.179334, "volume": 8172869, "typical_volume": 8306551.95, "trend": 131.022204, "fair_value": 129.419147, "relative_strength": -18.011428, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.145739, "energy": 28.023908, "activity_lines": [ 127.93434, 131.139624, 131.699589, 131.161516 ] }, { "date": "2026-05-15", "close": 124.29, "volume": 10213284, "typical_volume": 8675229.2, "trend": 130.465793, "fair_value": 129.371678, "relative_strength": -17.582671, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.695175, "energy": 45.214303, "activity_lines": [ 126.089091, 129.514011, 131.053035, 130.727181 ] }, { "date": "2026-05-22", "close": 125.2, "volume": 7829877, "typical_volume": 8914442.05, "trend": 130.012261, "fair_value": 129.318046, "relative_strength": -17.101362, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.517781, "energy": 48.146555, "activity_lines": [ 125.345483, 128.276448, 130.514568, 130.387452 ] }, { "date": "2026-05-29", "close": 123.27, "volume": 10103947, "typical_volume": 8985482.05, "trend": 129.924436, "fair_value": 129.238137, "relative_strength": -18.962679, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.306842, "energy": 56.1019, "activity_lines": [ 124.324785, 126.933746, 129.808301, 129.952468 ] }, { "date": "2026-06-05", "close": 124.47, "volume": 11601223, "typical_volume": 9134347.15, "trend": 129.797858, "fair_value": 129.160727, "relative_strength": -15.575636, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.458202, "energy": 55.379272, "activity_lines": [ 124.252622, 126.019673, 129.230526, 129.600568 ] }, { "date": "2026-06-12", "close": 126.31, "volume": 9065390, "typical_volume": 9328637.4, "trend": 129.68005, "fair_value": 129.081266, "relative_strength": -14.290968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.906301, "energy": 36.572198, "activity_lines": [ 124.928667, 125.648093, 128.861661, 129.375545 ] }, { "date": "2026-06-19", "close": 125.07, "volume": 12993722, "typical_volume": 9654226.0, "trend": 129.48408, "fair_value": 129.013075, "relative_strength": -15.368581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.252362, "energy": 33.102714, "activity_lines": [ 125.049333, 125.248661, 128.382557, 129.078123 ] }, { "date": "2026-06-26", "close": 132.68, "volume": 11710217, "typical_volume": 9746108.5, "trend": 129.629575, "fair_value": 129.011629, "relative_strength": -7.683007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.280075, "energy": 12.606347, "activity_lines": [ 127.654667, 126.436404, 128.639253, 129.284311 ] }, { "date": "2026-07-03", "close": 136.86, "volume": 10720271, "typical_volume": 9691205.4, "trend": 129.933147, "fair_value": 129.047065, "relative_strength": -6.45645, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.672103, "energy": 21.2791, "activity_lines": [ 131.154667, 128.348032, 129.246294, 129.75079 ] }, { "date": "2026-07-10", "close": 130.69, "volume": 10435610, "typical_volume": 9790713.85, "trend": 129.963642, "fair_value": 129.012213, "relative_strength": -11.428388, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.175631, "energy": 17.147218, "activity_lines": [ 131.692, 129.040352, 129.24529, 129.799619 ] }, { "date": "2026-07-17", "close": 135.11, "volume": 8157653, "typical_volume": 9722892.2, "trend": 130.184218, "fair_value": 128.990117, "relative_strength": -6.604724, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.657032, "energy": 30.385555, "activity_lines": [ 133.288, 130.46, 129.654663, 130.131643 ] }, { "date": "2026-07-24", "close": 134.66, "volume": 8791631, "typical_volume": 9720244.05, "trend": 130.379929, "fair_value": 128.976357, "relative_strength": -6.043448, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.88295, "energy": 40.224097, "activity_lines": [ 134.147333, 131.599091, 130.02105, 130.420403 ] }, { "date": "2026-07-31", "close": 134.17, "volume": 17078354, "typical_volume": 10072226.2, "trend": 130.56687, "fair_value": 128.989118, "relative_strength": -6.926404, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.399506, "energy": 34.345765, "activity_lines": [ 134.204, 132.460545, 130.349689, 130.664923 ] }, { "date": "2026-08-07", "close": 135.31, "volume": 10806316, "typical_volume": 10065572.1, "trend": 130.868759, "fair_value": 129.015585, "relative_strength": -8.867119, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.843457, "energy": 34.700954, "activity_lines": [ 134.541333, 133.366182, 130.808553, 130.970932 ] } ], "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." } } }