{ "ticker": { "uuid": "ab849b41-f984-4f33-8944-c245f09ebff5", "symbol": "STP", "name": "State Street SPDR MSCI Europe Materials UCITS ETF", "exchange": "PAR", "country": "FR", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FCHI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 73.3, "architecture_energy": 40.888, "architecture_maturity": 34.247, "architecture_confidence": 62.376, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 30.94, "rotation_up": 46.71, "upward_expansion": 70.77, "deceleration": 68.42, "rotation_down": 25.37, "downward_expansion": 8.77 }, "activity_lines": [ 375.913338, 374.684548, 373.424288, 368.241508 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 386.75, "trend_reference": 361.543336, "distance_from_trend": 0.06972, "trend_direction": "Improving", "fair_value": 310.683013, "distance_from_fair_value": 0.244838, "fair_value_direction": "Improving", "relative_strength": 6.587933, "relative_strength_direction": "Weakening", "price_momentum": 0.102637, "excess_performance": 0.049326, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06972, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.057856, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.244838, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.029573, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.065879, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.0626, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.102637, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.851579, "read": "Demand-led" } ], "volume": { "latest": 3051, "relative_activity": 1.756224, "balance": 2.851579, "dry_up": 0.949777, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.025319, "annualized_volatility": 0.196617, "from_high_reference": -0.002708, "from_low_reference": 0.30902 }, "levels": { "trend_reference": 361.543336, "fair_value_reference": 310.683013, "structural_low": 314.25, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.003832, "positive_rate": 0.615385, "directional_follow_through": 0.615385, "median_excess_return": 0.002266, "regime_survival": 0.461538, "best_return": 0.091964, "worst_return": -0.069498, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.012747, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.015423, "regime_survival": 0.166667, "best_return": 0.1, "worst_return": -0.043924, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.023245, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.037045, "regime_survival": 0.25, "best_return": 0.069152, "worst_return": -0.07309, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.038715, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.035814, "regime_survival": 0.0, "best_return": 0.094079, "worst_return": -0.040915, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-06", "end": "2024-09-13", "tenure": "New", "return": 0.032182, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-09-20", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-25", "tenure": "Developing", "return": -0.051443, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-22", "tenure": "New", "return": -0.021092, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-02-07", "tenure": "Developing", "return": 0.034634, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.057319, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.011314, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.087977, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.002474, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-10-24", "tenure": "Established", "return": 0.041277, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-03-20", "tenure": "Established", "return": 0.039289, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.092262, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-10", "tenure": "Developing", "return": 0.002453, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.052381, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 262.049988, "volume": 1170, "typical_volume": 4813.25, "trend": 272.988336, "fair_value": 264.062949, "relative_strength": -5.780468, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.533289, "energy": 17.497152, "activity_lines": [ 270.536668, 271.535454, 271.452619, 271.552582 ] }, { "date": "2023-08-25", "close": 264.399994, "volume": 386, "typical_volume": 4795.7, "trend": 272.220002, "fair_value": 264.442436, "relative_strength": -5.574611, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.058788, "energy": 35.055107, "activity_lines": [ 267.589998, 270.240908, 270.771666, 270.998495 ] }, { "date": "2023-09-01", "close": 273.700012, "volume": 844, "typical_volume": 4660.9, "trend": 271.761669, "fair_value": 264.8825, "relative_strength": -3.003094, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.61489, "energy": 28.211306, "activity_lines": [ 268.490002, 270.867274, 270.989286, 271.09398 ] }, { "date": "2023-09-08", "close": 267.200012, "volume": 672, "typical_volume": 4638.5, "trend": 271.440002, "fair_value": 265.237308, "relative_strength": -4.375631, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.648354, "energy": 31.873125, "activity_lines": [ 267.853339, 270.114549, 270.596192, 270.799679 ] }, { "date": "2023-09-15", "close": 275.799988, "volume": 1430, "typical_volume": 4658.05, "trend": 271.210002, "fair_value": 265.631859, "relative_strength": -3.000578, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.611128, "energy": 11.221606, "activity_lines": [ 270.65, 270.96091, 271.058572, 271.080969 ] }, { "date": "2023-09-22", "close": 267.850006, "volume": 4536, "typical_volume": 4875.6, "trend": 270.971668, "fair_value": 266.041795, "relative_strength": -3.097914, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.200467, "energy": 15.682826, "activity_lines": [ 270.390002, 270.157275, 270.74381, 270.864195 ] }, { "date": "2023-09-29", "close": 270.450012, "volume": 491, "typical_volume": 4784.95, "trend": 270.513335, "fair_value": 266.440834, "relative_strength": -1.307718, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.058195, "energy": 2.195828, "activity_lines": [ 270.610006, 269.96364, 270.694764, 270.830539 ] }, { "date": "2023-10-06", "close": 264.450012, "volume": 294, "typical_volume": 4768.45, "trend": 270.293336, "fair_value": 266.776411, "relative_strength": -2.29199, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.196792, "energy": 12.335606, "activity_lines": [ 268.426674, 268.772733, 270.081431, 270.439357 ] }, { "date": "2023-10-13", "close": 267.75, "volume": 2237, "typical_volume": 4852.25, "trend": 270.526669, "fair_value": 267.141475, "relative_strength": -0.152041, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.452664, "energy": 34.452311, "activity_lines": [ 267.960006, 268.521823, 269.829765, 270.275271 ] }, { "date": "2023-10-20", "close": 254.449997, "volume": 620, "typical_volume": 4863.95, "trend": 270.263336, "fair_value": 267.445962, "relative_strength": -2.329139, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -72.836958, "energy": 60.898884, "activity_lines": [ 263.023337, 265.997276, 268.315955, 269.238066 ] }, { "date": "2023-10-27", "close": 259.850006, "volume": 660, "typical_volume": 4864.6, "trend": 269.896669, "fair_value": 267.858975, "relative_strength": 0.145333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.907687, "energy": 61.181028, "activity_lines": [ 261.310004, 264.731822, 267.398574, 268.566239 ] }, { "date": "2023-11-03", "close": 269.5, "volume": 609, "typical_volume": 4817.15, "trend": 269.976669, "fair_value": 268.250321, "relative_strength": 0.248906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.085581, "energy": 44.769871, "activity_lines": [ 263.346668, 265.260912, 267.440955, 268.540647 ] }, { "date": "2023-11-10", "close": 267.799988, "volume": 916, "typical_volume": 4841.15, "trend": 269.721668, "fair_value": 268.596795, "relative_strength": -0.161906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.123108, "energy": 33.327006, "activity_lines": [ 264.879997, 265.388182, 267.357382, 268.400216 ] }, { "date": "2023-11-17", "close": 277.700012, "volume": 3457, "typical_volume": 4990.1, "trend": 269.816668, "fair_value": 268.984616, "relative_strength": 0.937344, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.388646, "energy": 10.444592, "activity_lines": [ 269.490001, 267.422729, 268.193098, 268.914948 ] }, { "date": "2023-11-24", "close": 279.299988, "volume": 1527, "typical_volume": 1840.5, "trend": 270.073334, "fair_value": 269.351603, "relative_strength": 0.834523, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.307022, "energy": 28.592263, "activity_lines": [ 273.969997, 269.557272, 269.140477, 269.526775 ] }, { "date": "2023-12-01", "close": 285.049988, "volume": 3215, "typical_volume": 1599.1, "trend": 270.520001, "fair_value": 269.72468, "relative_strength": 2.273906, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.318141, "energy": 55.654343, "activity_lines": [ 278.709994, 272.673633, 270.565238, 270.493011 ] }, { "date": "2023-12-08", "close": 283.799988, "volume": 3282, "typical_volume": 1637.1, "trend": 270.915, "fair_value": 270.085898, "relative_strength": -0.453411, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.84291, "energy": 73.690994, "activity_lines": [ 281.353325, 275.249995, 271.824999, 271.349784 ] }, { "date": "2023-12-15", "close": 293.75, "volume": 15893, "typical_volume": 2286.1, "trend": 271.56, "fair_value": 270.475641, "relative_strength": 2.184869, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.16258, "energy": 84.23233, "activity_lines": [ 286.359994, 279.392722, 273.993332, 272.82301 ] }, { "date": "2023-12-22", "close": 296.700012, "volume": 1871, "typical_volume": 2217.35, "trend": 272.493333, "fair_value": 270.881411, "relative_strength": 3.680435, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.60829, "energy": 88.461585, "activity_lines": [ 290.619999, 283.539089, 276.392143, 274.444946 ] }, { "date": "2023-12-29", "close": 296.799988, "volume": 66, "typical_volume": 2208.8, "trend": 273.329999, "fair_value": 271.286859, "relative_strength": 4.162661, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.503151, "energy": 88.636325, "activity_lines": [ 293.646663, 287.177269, 278.700475, 276.013118 ] }, { "date": "2024-01-05", "close": 289.700012, "volume": 399, "typical_volume": 2170.25, "trend": 274.04, "fair_value": 271.542949, "relative_strength": 3.385984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.684442, "energy": 80.800451, "activity_lines": [ 293.140002, 288.754544, 280.203571, 277.069247 ] }, { "date": "2024-01-12", "close": 285.899994, "volume": 846, "typical_volume": 2193.25, "trend": 274.335, "fair_value": 271.810577, "relative_strength": 1.524031, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.644539, "energy": 61.111256, "activity_lines": [ 291.056667, 289.09818, 281.213094, 277.834408 ] }, { "date": "2024-01-19", "close": 276.5, "volume": 321, "typical_volume": 2167.1, "trend": 274.79, "fair_value": 272.026282, "relative_strength": -0.395902, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.016582, "energy": 32.054666, "activity_lines": [ 285.7, 287.434544, 281.224999, 277.974086 ] }, { "date": "2024-01-26", "close": 287.049988, "volume": 1104, "typical_volume": 2188.7, "trend": 275.386666, "fair_value": 272.357052, "relative_strength": -0.002885, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.940107, "energy": 25.455801, "activity_lines": [ 285.009996, 287.530906, 282.228331, 278.765053 ] }, { "date": "2024-02-02", "close": 283.549988, "volume": 1109, "typical_volume": 2172.65, "trend": 276.02, "fair_value": 272.626923, "relative_strength": -0.555768, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.851625, "energy": 27.422199, "activity_lines": [ 283.796659, 286.820905, 282.803806, 279.291719 ] }, { "date": "2024-02-09", "close": 277.700012, "volume": 21317, "typical_volume": 3011.7, "trend": 276.096667, "fair_value": 272.820834, "relative_strength": -3.186347, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.83659, "energy": 23.815504, "activity_lines": [ 281.516665, 284.969998, 282.785236, 279.400107 ] }, { "date": "2024-02-16", "close": 286.75, "volume": 22856, "typical_volume": 4129.95, "trend": 276.468333, "fair_value": 273.032693, "relative_strength": -1.505218, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.772711, "energy": 19.631415, "activity_lines": [ 283.053333, 284.898181, 283.581665, 280.087418 ] }, { "date": "2024-02-23", "close": 288.149994, "volume": 7190, "typical_volume": 4474.75, "trend": 276.635, "fair_value": 273.29327, "relative_strength": -3.386698, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.540776, "energy": 22.180098, "activity_lines": [ 284.999998, 285.027271, 284.433807, 280.841074 ] }, { "date": "2024-03-01", "close": 290.649994, "volume": 2527, "typical_volume": 4489.25, "trend": 277.133333, "fair_value": 273.545513, "relative_strength": -2.046329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.530233, "energy": 35.114697, "activity_lines": [ 287.003331, 285.712724, 285.411188, 281.745267 ] }, { "date": "2024-03-08", "close": 296.549988, "volume": 43544, "typical_volume": 6635.45, "trend": 278.028332, "fair_value": 273.790064, "relative_strength": -1.19575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.739112, "energy": 62.403476, "activity_lines": [ 290.733327, 287.580904, 286.841425, 282.997954 ] }, { "date": "2024-03-15", "close": 300.149994, "volume": 2566, "typical_volume": 6730.75, "trend": 279.298332, "fair_value": 274.088462, "relative_strength": -1.621388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.544269, "energy": 79.21836, "activity_lines": [ 294.796659, 290.108177, 288.414044, 284.425158 ] }, { "date": "2024-03-22", "close": 307.100006, "volume": 2081, "typical_volume": 6804.35, "trend": 280.721666, "fair_value": 274.407693, "relative_strength": 0.795841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.556029, "energy": 89.00308, "activity_lines": [ 299.679997, 293.709088, 290.456664, 286.218815 ] }, { "date": "2024-03-29", "close": 309.399994, "volume": 2249, "typical_volume": 6871.0, "trend": 281.911665, "fair_value": 274.723718, "relative_strength": 0.846692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.758936, "energy": 92.367469, "activity_lines": [ 303.97333, 297.342724, 292.539282, 288.06903 ] }, { "date": "2024-04-05", "close": 309.299988, "volume": 1362, "typical_volume": 6766.25, "trend": 283.314998, "fair_value": 275.011859, "relative_strength": 2.520844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.062454, "energy": 91.329559, "activity_lines": [ 306.816661, 300.359995, 294.414282, 289.836018 ] }, { "date": "2024-04-12", "close": 312.549988, "volume": 8907, "typical_volume": 7135.25, "trend": 284.539998, "fair_value": 275.28141, "relative_strength": 4.123304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.871275, "energy": 91.758409, "activity_lines": [ 309.499992, 303.56363, 296.448328, 291.722146 ] }, { "date": "2024-04-19", "close": 308.299988, "volume": 1440, "typical_volume": 7046.5, "trend": 285.888331, "fair_value": 275.533333, "relative_strength": 2.445864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.57863, "energy": 84.618587, "activity_lines": [ 309.69999, 305.467265, 297.91928, 293.255049 ] }, { "date": "2024-04-26", "close": 312.25, "volume": 1824, "typical_volume": 6973.6, "trend": 287.281664, "fair_value": 275.827244, "relative_strength": 2.790048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.349848, "energy": 80.589117, "activity_lines": [ 310.673326, 307.532721, 299.655709, 294.955802 ] }, { "date": "2024-05-03", "close": 313.600006, "volume": 6885, "typical_volume": 6523.2, "trend": 288.919997, "fair_value": 276.045833, "relative_strength": 4.776107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.783158, "energy": 67.540802, "activity_lines": [ 311.753331, 309.379996, 301.385234, 296.65376 ] }, { "date": "2024-05-10", "close": 321.950012, "volume": 2301, "typical_volume": 6544.7, "trend": 290.726664, "fair_value": 276.354487, "relative_strength": 4.01003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.179892, "energy": 72.339149, "activity_lines": [ 315.33667, 312.282726, 303.815473, 298.784728 ] }, { "date": "2024-05-17", "close": 324.25, "volume": 1702, "typical_volume": 6626.5, "trend": 293.053331, "fair_value": 276.701603, "relative_strength": 5.250165, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.762675, "energy": 86.26981, "activity_lines": [ 318.843337, 315.034545, 306.344521, 300.947524 ] }, { "date": "2024-05-24", "close": 322.25, "volume": 5505, "typical_volume": 6881.8, "trend": 295.13333, "fair_value": 277.023077, "relative_strength": 5.371811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.829939, "energy": 80.405882, "activity_lines": [ 320.903337, 316.919091, 308.552379, 302.83118 ] }, { "date": "2024-05-31", "close": 317.799988, "volume": 982, "typical_volume": 6888.6, "trend": 296.74333, "fair_value": 277.285256, "relative_strength": 5.116185, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.218398, "energy": 66.822998, "activity_lines": [ 320.549998, 317.592725, 310.181425, 304.293545 ] }, { "date": "2024-06-07", "close": 315.049988, "volume": 4654, "typical_volume": 7105.25, "trend": 298.31833, "fair_value": 277.529808, "relative_strength": 3.975983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.233346, "energy": 60.290271, "activity_lines": [ 318.909994, 317.571815, 311.396663, 305.47462 ] }, { "date": "2024-06-14", "close": 306.700012, "volume": 2465, "typical_volume": 7173.3, "trend": 299.284997, "fair_value": 277.792628, "relative_strength": 7.76057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.378614, "energy": 36.814612, "activity_lines": [ 314.389998, 315.929999, 311.633093, 306.015374 ] }, { "date": "2024-06-21", "close": 310.399994, "volume": 1092, "typical_volume": 7172.45, "trend": 300.321663, "fair_value": 278.013782, "relative_strength": 7.052383, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.212452, "energy": 27.528579, "activity_lines": [ 312.119997, 315.00818, 312.128331, 306.73247 ] }, { "date": "2024-06-28", "close": 308.549988, "volume": 1636, "typical_volume": 6188.4, "trend": 301.104997, "fair_value": 278.227564, "relative_strength": 8.269249, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.21262, "energy": 28.181159, "activity_lines": [ 310.156661, 313.789088, 312.31952, 307.26333 ] }, { "date": "2024-07-05", "close": 312.049988, "volume": 1758, "typical_volume": 5133.5, "trend": 302.046663, "fair_value": 278.436859, "relative_strength": 6.51238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.021601, "energy": 24.820954, "activity_lines": [ 310.273326, 313.201813, 312.697139, 307.969458 ] }, { "date": "2024-07-12", "close": 315.350006, "volume": 97, "typical_volume": 4778.85, "trend": 302.766664, "fair_value": 278.683974, "relative_strength": 6.772889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.481808, "energy": 16.565602, "activity_lines": [ 311.87333, 313.218178, 313.268568, 308.827739 ] }, { "date": "2024-07-19", "close": 304.350006, "volume": 1267, "typical_volume": 4715.85, "trend": 303.021663, "fair_value": 278.833974, "relative_strength": 5.468465, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.616997, "energy": 8.542705, "activity_lines": [ 309.786666, 311.202725, 312.662855, 308.92989 ] }, { "date": "2024-07-26", "close": 306.899994, "volume": 4412, "typical_volume": 2759.25, "trend": 303.35833, "fair_value": 278.972756, "relative_strength": 6.432624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.938958, "energy": 9.719363, "activity_lines": [ 308.706665, 309.970906, 312.234759, 309.180104 ] }, { "date": "2024-08-02", "close": 295.75, "volume": 979, "typical_volume": 2679.9, "trend": 303.559997, "fair_value": 279.025, "relative_strength": 6.161631, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -19.303949, "energy": 29.856091, "activity_lines": [ 304.143333, 307.027271, 310.695474, 308.689244 ] }, { "date": "2024-08-09", "close": 293.600006, "volume": 81025, "typical_volume": 6627.1, "trend": 303.816664, "fair_value": 279.025, "relative_strength": 4.938812, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.718776, "energy": 60.075698, "activity_lines": [ 299.716669, 304.174545, 308.972379, 308.046664 ] }, { "date": "2024-08-16", "close": 296.950012, "volume": 32756, "typical_volume": 8152.45, "trend": 304.498331, "fair_value": 279.123718, "relative_strength": 3.402246, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.562003, "energy": 58.933718, "activity_lines": [ 297.636672, 302.370911, 307.632619, 307.603655 ] }, { "date": "2024-08-23", "close": 303.700012, "volume": 6355, "typical_volume": 8402.1, "trend": 305.053332, "fair_value": 279.224039, "relative_strength": 3.79368, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.509237, "energy": 57.094772, "activity_lines": [ 299.033341, 302.123641, 306.995001, 307.55215 ] }, { "date": "2024-08-30", "close": 308.950012, "volume": 71, "typical_volume": 7960.3, "trend": 305.899999, "fair_value": 279.373077, "relative_strength": 4.686812, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.523165, "energy": 24.591308, "activity_lines": [ 302.223344, 302.885461, 306.88405, 307.803549 ] }, { "date": "2024-09-06", "close": 295.200012, "volume": 1142, "typical_volume": 7945.4, "trend": 306.483332, "fair_value": 279.45609, "relative_strength": 3.651255, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.706848, "energy": 27.256688, "activity_lines": [ 300.693345, 301.173644, 305.480718, 307.113227 ] }, { "date": "2024-09-13", "close": 304.700012, "volume": 871, "typical_volume": 7897.75, "trend": 307.081666, "fair_value": 279.675962, "relative_strength": 5.188625, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -37.522427, "energy": 19.801058, "activity_lines": [ 302.366679, 301.431827, 305.044528, 306.998174 ] }, { "date": "2024-09-20", "close": 305.450012, "volume": 527, "typical_volume": 7579.85, "trend": 307.658333, "fair_value": 279.908334, "relative_strength": 4.776426, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.124258, "energy": 18.777927, "activity_lines": [ 303.550012, 301.96001, 304.71572, 306.892906 ] }, { "date": "2024-09-27", "close": 325.600006, "volume": 6336, "typical_volume": 7781.6, "trend": 308.823334, "fair_value": 280.302885, "relative_strength": 7.303357, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.421018, "energy": 22.605752, "activity_lines": [ 310.883343, 306.331828, 306.344768, 308.050434 ] }, { "date": "2024-10-04", "close": 319.899994, "volume": 1896, "typical_volume": 7791.3, "trend": 309.601667, "fair_value": 280.645834, "relative_strength": 8.659503, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.726079, "energy": 36.016676, "activity_lines": [ 314.856671, 309.280916, 307.413576, 308.765057 ] }, { "date": "2024-10-11", "close": 316.350006, "volume": 323, "typical_volume": 7532.2, "trend": 310.141668, "fair_value": 280.904488, "relative_strength": 6.750815, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.551266, "energy": 44.849012, "activity_lines": [ 316.916671, 311.348189, 308.165005, 309.200433 ] }, { "date": "2024-10-18", "close": 313.649994, "volume": 2128, "typical_volume": 7589.5, "trend": 310.360001, "fair_value": 281.17468, "relative_strength": 5.150849, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.290713, "energy": 45.293768, "activity_lines": [ 316.666667, 312.550004, 308.687385, 309.426777 ] }, { "date": "2024-10-25", "close": 308.850006, "volume": 414, "typical_volume": 7377.5, "trend": 310.341668, "fair_value": 281.404167, "relative_strength": 4.984627, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.544775, "energy": 26.319314, "activity_lines": [ 314.220001, 312.51455, 308.772386, 309.329358 ] }, { "date": "2024-11-01", "close": 305.799988, "volume": 2128, "typical_volume": 7360.65, "trend": 310.225001, "fair_value": 281.621795, "relative_strength": 5.032382, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.835777, "energy": 7.304179, "activity_lines": [ 310.529997, 311.708183, 308.596432, 309.036347 ] }, { "date": "2024-11-08", "close": 302.200012, "volume": 701, "typical_volume": 7341.1, "trend": 309.880002, "fair_value": 281.757052, "relative_strength": 4.630047, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.556737, "energy": 23.260861, "activity_lines": [ 306.960002, 310.209093, 308.081909, 308.518605 ] }, { "date": "2024-11-15", "close": 295.25, "volume": 55923, "typical_volume": 10055.45, "trend": 309.445002, "fair_value": 281.849039, "relative_strength": 3.082487, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.584212, "energy": 43.029101, "activity_lines": [ 302.253335, 307.569092, 306.944528, 307.574734 ] }, { "date": "2024-11-22", "close": 299.350006, "volume": 7464, "typical_volume": 10340.75, "trend": 309.015002, "fair_value": 282.026924, "relative_strength": 4.57332, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.334023, "energy": 51.023641, "activity_lines": [ 300.320003, 305.673638, 306.260956, 306.923444 ] }, { "date": "2024-11-29", "close": 297.399994, "volume": 684, "typical_volume": 10370.1, "trend": 308.475002, "fair_value": 282.186859, "relative_strength": 4.061087, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.149711, "energy": 63.205812, "activity_lines": [ 298.69, 303.52091, 305.452146, 306.174089 ] }, { "date": "2024-12-06", "close": 301.549988, "volume": 13308, "typical_volume": 10972.15, "trend": 307.795001, "fair_value": 282.307052, "relative_strength": 2.644001, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.095577, "energy": 57.346965, "activity_lines": [ 299.206663, 302.269089, 305.124049, 305.727314 ] }, { "date": "2024-12-13", "close": 299.149994, "volume": 16068, "typical_volume": 11554.95, "trend": 306.958334, "fair_value": 282.40577, "relative_strength": 1.980355, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.725997, "energy": 44.554651, "activity_lines": [ 299.206661, 301.018179, 304.580715, 305.169571 ] }, { "date": "2024-12-20", "close": 288.450012, "volume": 3654, "typical_volume": 11688.7, "trend": 305.831668, "fair_value": 282.417949, "relative_strength": 0.136816, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.244699, "energy": 58.218671, "activity_lines": [ 295.843333, 298.199091, 303.05524, 303.975486 ] }, { "date": "2024-12-27", "close": 290.100006, "volume": 1239, "typical_volume": 7699.4, "trend": 304.908335, "fair_value": 282.416026, "relative_strength": -0.402463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.693487, "energy": 69.132051, "activity_lines": [ 293.483335, 296.187274, 301.721668, 302.96054 ] }, { "date": "2025-01-03", "close": 288.850006, "volume": 6283, "typical_volume": 6375.75, "trend": 304.035003, "fair_value": 282.364103, "relative_strength": 0.13411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.10963, "energy": 76.869638, "activity_lines": [ 291.323338, 294.376365, 300.285716, 301.924519 ] }, { "date": "2025-01-10", "close": 289.799988, "volume": 66912, "typical_volume": 9403.6, "trend": 303.471668, "fair_value": 282.328526, "relative_strength": -1.581997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.113684, "energy": 76.102049, "activity_lines": [ 290.05, 293.101818, 298.97881, 301.006131 ] }, { "date": "2025-01-17", "close": 299.399994, "volume": 717, "typical_volume": 9435.9, "trend": 303.105002, "fair_value": 282.366346, "relative_strength": -2.060467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.682045, "energy": 50.519551, "activity_lines": [ 292.759998, 293.863635, 298.652381, 300.743442 ] }, { "date": "2025-01-24", "close": 301.75, "volume": 542, "typical_volume": 9405.9, "trend": 302.878336, "fair_value": 282.464423, "relative_strength": -4.025995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.756006, "energy": 23.901812, "activity_lines": [ 296.236664, 295.103635, 298.595238, 300.656023 ] }, { "date": "2025-01-31", "close": 302.600006, "volume": 329, "typical_volume": 9378.8, "trend": 302.563336, "fair_value": 282.595193, "relative_strength": -4.061884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.604284, "energy": 21.01368, "activity_lines": [ 299.11, 296.38, 298.587857, 300.638066 ] }, { "date": "2025-02-07", "close": 307.700012, "volume": 44309, "typical_volume": 11567.9, "trend": 302.308336, "fair_value": 282.721475, "relative_strength": -2.832049, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 16.146798, "energy": 26.689382, "activity_lines": [ 302.850004, 298.524548, 299.076191, 300.969464 ] }, { "date": "2025-02-14", "close": 316.649994, "volume": 14409, "typical_volume": 11971.55, "trend": 302.718336, "fair_value": 282.9125, "relative_strength": -2.603469, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.883294, "energy": 44.836963, "activity_lines": [ 308.316669, 302.109092, 300.406191, 301.894733 ] }, { "date": "2025-02-21", "close": 311.700012, "volume": 788, "typical_volume": 11916.15, "trend": 302.878337, "fair_value": 283.092308, "relative_strength": -3.938969, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.905378, "energy": 55.696632, "activity_lines": [ 310.343339, 304.519094, 301.307382, 302.474195 ] }, { "date": "2025-02-28", "close": 309.100006, "volume": 4148, "typical_volume": 12107.4, "trend": 303.323337, "fair_value": 283.305129, "relative_strength": -4.304814, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.147822, "energy": 55.916182, "activity_lines": [ 310.683339, 306.228185, 302.000002, 302.875594 ] }, { "date": "2025-03-07", "close": 314.399994, "volume": 2686, "typical_volume": 12135.3, "trend": 304.01667, "fair_value": 283.540064, "relative_strength": -2.857205, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.143901, "energy": 56.549177, "activity_lines": [ 312.300002, 308.525457, 303.231906, 303.590217 ] }, { "date": "2025-03-14", "close": 311.799988, "volume": 55987, "typical_volume": 14913.95, "trend": 304.511669, "fair_value": 283.693911, "relative_strength": -2.647746, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.076363, "energy": 33.794395, "activity_lines": [ 312.26333, 309.908181, 304.212619, 304.092366 ] }, { "date": "2025-03-21", "close": 305.25, "volume": 33664, "typical_volume": 16490.75, "trend": 304.563335, "fair_value": 283.776924, "relative_strength": -4.879524, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.731356, "energy": 23.874233, "activity_lines": [ 309.769997, 309.682727, 304.555476, 304.14 ] }, { "date": "2025-03-28", "close": 298.5, "volume": 369, "typical_volume": 16474.15, "trend": 304.215001, "fair_value": 283.803526, "relative_strength": -5.492291, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -6.877042, "energy": 6.863462, "activity_lines": [ 305.786664, 307.949091, 304.258095, 303.748817 ] }, { "date": "2025-04-04", "close": 274.0, "volume": 632, "typical_volume": 13709.6, "trend": 303.508334, "fair_value": 283.650641, "relative_strength": -5.571909, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.740077, "energy": 48.599152, "activity_lines": [ 294.516665, 301.777272, 301.645, 301.799463 ] }, { "date": "2025-04-11", "close": 270.899994, "volume": 22365, "typical_volume": 14454.65, "trend": 302.381667, "fair_value": 283.462821, "relative_strength": -4.363528, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.896442, "energy": 79.129496, "activity_lines": [ 284.553331, 295.546362, 298.837857, 299.695699 ] }, { "date": "2025-04-18", "close": 279.049988, "volume": 49477, "typical_volume": 16894.3, "trend": 301.501666, "fair_value": 283.405449, "relative_strength": -3.928462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.727812, "energy": 81.569919, "activity_lines": [ 280.206661, 291.373632, 296.942379, 298.190429 ] }, { "date": "2025-04-25", "close": 290.549988, "volume": 10526, "typical_volume": 16755.2, "trend": 300.333332, "fair_value": 283.396154, "relative_strength": -3.290439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.254972, "energy": 76.824119, "activity_lines": [ 281.876658, 289.812721, 296.229521, 297.483869 ] }, { "date": "2025-05-02", "close": 295.649994, "volume": 3842, "typical_volume": 16143.9, "trend": 299.524999, "fair_value": 283.514744, "relative_strength": -4.49641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.906405, "energy": 54.949337, "activity_lines": [ 286.226658, 289.65363, 296.054759, 297.181718 ] }, { "date": "2025-05-09", "close": 296.850006, "volume": 5827, "typical_volume": 16252.55, "trend": 298.874999, "fair_value": 283.652564, "relative_strength": -3.738897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.950836, "energy": 23.059226, "activity_lines": [ 291.166663, 290.004541, 296.01095, 297.009138 ] }, { "date": "2025-05-16", "close": 305.450012, "volume": 1946, "typical_volume": 16287.9, "trend": 298.601666, "fair_value": 283.821475, "relative_strength": -2.699741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.691044, "energy": 19.17319, "activity_lines": [ 297.450002, 292.141817, 296.746189, 297.433332 ] }, { "date": "2025-05-23", "close": 303.600006, "volume": 1848, "typical_volume": 16066.15, "trend": 298.426666, "fair_value": 283.903526, "relative_strength": -1.358349, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 5.738455, "energy": 22.599882, "activity_lines": [ 300.813338, 294.105455, 297.232142, 297.755806 ] }, { "date": "2025-05-30", "close": 303.149994, "volume": 144, "typical_volume": 12727.75, "trend": 298.338333, "fair_value": 283.979487, "relative_strength": -1.695729, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 6.530805, "energy": 22.855281, "activity_lines": [ 302.390002, 296.136363, 297.604999, 298.060537 ] }, { "date": "2025-06-06", "close": 303.899994, "volume": 861, "typical_volume": 12734.95, "trend": 298.394999, "fair_value": 284.158334, "relative_strength": -2.100875, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.619455, "energy": 29.847053, "activity_lines": [ 303.376666, 298.341817, 297.985713, 298.419354 ] }, { "date": "2025-06-13", "close": 299.200012, "volume": 15956, "typical_volume": 13505.65, "trend": 298.526666, "fair_value": 284.440385, "relative_strength": -2.015503, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.07859, "energy": 19.475342, "activity_lines": [ 302.246669, 299.594547, 297.897381, 298.47129 ] }, { "date": "2025-06-20", "close": 297.700012, "volume": 71, "typical_volume": 13492.75, "trend": 298.471666, "fair_value": 284.733013, "relative_strength": -1.216126, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.054901, "energy": 12.150844, "activity_lines": [ 300.460006, 300.116367, 297.678334, 298.417957 ] }, { "date": "2025-06-27", "close": 300.149994, "volume": 1142, "typical_volume": 11334.4, "trend": 298.563333, "fair_value": 285.096475, "relative_strength": -1.616265, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.092222, "energy": 4.857922, "activity_lines": [ 300.006669, 300.596366, 297.715953, 298.526237 ] }, { "date": "2025-07-04", "close": 301.549988, "volume": 1803, "typical_volume": 10704.1, "trend": 298.563333, "fair_value": 285.427564, "relative_strength": -1.147378, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.598894, "energy": 7.294989, "activity_lines": [ 300.249998, 300.947273, 297.922856, 298.718924 ] }, { "date": "2025-07-11", "close": 303.200012, "volume": 629, "typical_volume": 10696.15, "trend": 298.698334, "fair_value": 285.821475, "relative_strength": -2.195562, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.644262, "energy": 11.221321, "activity_lines": [ 301.150002, 301.398184, 298.35881, 299.018065 ] }, { "date": "2025-07-18", "close": 299.299988, "volume": 2487, "typical_volume": 10613.1, "trend": 299.06, "fair_value": 286.141667, "relative_strength": -3.271675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.260986, "energy": 8.946123, "activity_lines": [ 300.796663, 301.002727, 298.463809, 299.056881 ] }, { "date": "2025-07-25", "close": 304.200012, "volume": 1740, "typical_volume": 10565.8, "trend": 299.53, "fair_value": 286.409616, "relative_strength": -1.742183, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.512391, "energy": 22.502104, "activity_lines": [ 302.070001, 301.453638, 299.082143, 299.388495 ] }, { "date": "2025-08-01", "close": 288.799988, "volume": 284, "typical_volume": 7780.65, "trend": 299.528333, "fair_value": 286.5875, "relative_strength": -3.032552, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.852106, "energy": 22.686762, "activity_lines": [ 297.776664, 299.127272, 298.28238, 298.696236 ] }, { "date": "2025-08-08", "close": 297.799988, "volume": 215, "typical_volume": 6108.2, "trend": 299.794999, "fair_value": 286.785257, "relative_strength": -2.461061, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.854099, "energy": 18.529821, "activity_lines": [ 297.239994, 298.70636, 298.449284, 298.58473 ] }, { "date": "2025-08-15", "close": 299.600006, "volume": 81, "typical_volume": 6093.8, "trend": 299.801666, "fair_value": 287.007372, "relative_strength": -4.010378, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.95122, "energy": 16.497372, "activity_lines": [ 297.553331, 298.709998, 298.823094, 298.57215 ] }, { "date": "2025-08-22", "close": 305.149994, "volume": 825, "typical_volume": 6103.45, "trend": 299.914999, "fair_value": 287.301603, "relative_strength": -2.714299, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.12682, "energy": 14.573595, "activity_lines": [ 299.956663, 299.800906, 299.720237, 298.917203 ] }, { "date": "2025-08-29", "close": 300.850006, "volume": 184, "typical_volume": 4994.4, "trend": 299.856666, "fair_value": 287.624039, "relative_strength": -0.706449, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.800479, "energy": 12.876885, "activity_lines": [ 300.536666, 300.001817, 300.059523, 298.977526 ] }, { "date": "2025-09-05", "close": 299.75, "volume": 185, "typical_volume": 2529.8, "trend": 299.591666, "fair_value": 287.909616, "relative_strength": -0.64097, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.540888, "energy": 16.961029, "activity_lines": [ 300.973334, 299.945453, 300.151428, 298.970644 ] }, { "date": "2025-09-12", "close": 304.299988, "volume": 538, "typical_volume": 2030.4, "trend": 299.179999, "fair_value": 288.288141, "relative_strength": -0.978767, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.153013, "energy": 43.150156, "activity_lines": [ 302.196663, 300.723633, 300.578094, 299.274407 ] }, { "date": "2025-09-19", "close": 299.25, "volume": 1115, "typical_volume": 1894.05, "trend": 298.764998, "fair_value": 288.705449, "relative_strength": -2.848855, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.191379, "energy": 27.298524, "activity_lines": [ 301.303331, 300.533634, 300.458332, 299.278923 ] }, { "date": "2025-09-26", "close": 300.200012, "volume": 1361, "typical_volume": 1670.75, "trend": 298.468332, "fair_value": 289.104487, "relative_strength": -2.577895, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.580106, "energy": 18.101111, "activity_lines": [ 300.750002, 300.588182, 300.411904, 299.371505 ] }, { "date": "2025-10-03", "close": 304.899994, "volume": 1091, "typical_volume": 1628.0, "trend": 298.151665, "fair_value": 289.510898, "relative_strength": -3.411747, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.62, "energy": 29.260856, "activity_lines": [ 302.093333, 301.480908, 300.797142, 299.786451 ] }, { "date": "2025-10-10", "close": 301.450012, "volume": 816, "typical_volume": 1576.4, "trend": 297.806666, "fair_value": 289.897757, "relative_strength": -2.355607, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.230168, "energy": 19.597859, "activity_lines": [ 302.016671, 301.733638, 300.856429, 299.999247 ] }, { "date": "2025-10-17", "close": 307.350006, "volume": 390, "typical_volume": 1588.7, "trend": 297.876666, "fair_value": 290.285577, "relative_strength": -3.393341, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.983203, "energy": 40.18331, "activity_lines": [ 303.793339, 302.829094, 301.487858, 300.614947 ] }, { "date": "2025-10-24", "close": 311.549988, "volume": 647, "typical_volume": 1578.0, "trend": 298.311666, "fair_value": 290.66859, "relative_strength": -2.52567, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.291054, "energy": 63.479494, "activity_lines": [ 306.766667, 304.514546, 302.499285, 301.497096 ] }, { "date": "2025-10-31", "close": 309.25, "volume": 249, "typical_volume": 792.65, "trend": 299.486666, "fair_value": 290.996475, "relative_strength": -1.844395, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.256614, "energy": 66.514245, "activity_lines": [ 308.153333, 305.564546, 303.255238, 302.202795 ] }, { "date": "2025-11-07", "close": 304.25, "volume": 163, "typical_volume": 797.25, "trend": 300.598333, "fair_value": 291.183013, "relative_strength": -1.213165, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.529121, "energy": 61.039715, "activity_lines": [ 307.269999, 305.630909, 303.487143, 302.510107 ] }, { "date": "2025-11-14", "close": 311.049988, "volume": 1323, "typical_volume": 806.3, "trend": 301.664999, "fair_value": 291.448718, "relative_strength": -1.599508, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.124622, "energy": 60.904756, "activity_lines": [ 308.696661, 306.871816, 304.335475, 303.184408 ] }, { "date": "2025-11-21", "close": 301.899994, "volume": 783, "typical_volume": 755.3, "trend": 302.043333, "fair_value": 291.621795, "relative_strength": -2.084041, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.554841, "energy": 25.581276, "activity_lines": [ 306.433327, 306.243634, 304.260474, 303.199569 ] }, { "date": "2025-11-28", "close": 312.75, "volume": 2875, "typical_volume": 867.6, "trend": 302.613333, "fair_value": 291.857051, "relative_strength": -0.184768, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.731783, "energy": 34.729539, "activity_lines": [ 308.149996, 307.631815, 305.217141, 303.890321 ] }, { "date": "2025-12-05", "close": 314.75, "volume": 3123, "typical_volume": 899.4, "trend": 303.21, "fair_value": 292.123398, "relative_strength": 0.643268, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.999133, "energy": 43.383198, "activity_lines": [ 310.453331, 309.138179, 306.318808, 304.673332 ] }, { "date": "2025-12-12", "close": 312.399994, "volume": 943, "typical_volume": 859.55, "trend": 303.441666, "fair_value": 292.444872, "relative_strength": 0.545881, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.396189, "energy": 43.242561, "activity_lines": [ 311.606663, 309.952724, 307.123093, 305.266235 ] }, { "date": "2025-12-19", "close": 319.149994, "volume": 944, "typical_volume": 892.55, "trend": 303.959999, "fair_value": 292.787821, "relative_strength": 1.700849, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.8494, "energy": 74.501904, "activity_lines": [ 314.466663, 311.858178, 308.531188, 306.279675 ] }, { "date": "2025-12-26", "close": 321.700012, "volume": 18, "typical_volume": 882.7, "trend": 304.578333, "fair_value": 293.142949, "relative_strength": 3.104843, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.669601, "energy": 79.219104, "activity_lines": [ 317.636668, 313.905453, 310.037618, 307.424192 ] }, { "date": "2026-01-02", "close": 325.399994, "volume": 552, "typical_volume": 906.25, "trend": 305.294999, "fair_value": 293.48109, "relative_strength": 3.12251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.279769, "energy": 84.810638, "activity_lines": [ 320.719999, 316.364544, 311.782618, 308.767525 ] }, { "date": "2026-01-09", "close": 333.799988, "volume": 3242, "typical_volume": 1027.1, "trend": 306.448332, "fair_value": 293.808013, "relative_strength": 3.625841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.774582, "energy": 94.250742, "activity_lines": [ 325.759996, 320.099087, 314.204759, 310.606557 ] }, { "date": "2026-01-16", "close": 338.549988, "volume": 1657, "typical_volume": 1100.75, "trend": 307.809998, "fair_value": 294.14359, "relative_strength": 6.298572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.587988, "energy": 95.661592, "activity_lines": [ 331.113326, 324.250904, 316.942854, 312.677632 ] }, { "date": "2026-01-23", "close": 344.600006, "volume": 2869, "typical_volume": 1234.95, "trend": 309.291665, "fair_value": 294.509936, "relative_strength": 9.505658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.510369, "energy": 95.910252, "activity_lines": [ 336.739996, 328.879088, 320.077616, 315.051181 ] }, { "date": "2026-01-30", "close": 344.450012, "volume": 1417, "typical_volume": 1278.9, "trend": 310.721665, "fair_value": 294.875321, "relative_strength": 9.445019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.885138, "energy": 92.455014, "activity_lines": [ 340.620001, 332.87, 322.984522, 317.319461 ] }, { "date": "2026-02-06", "close": 350.75, "volume": 3757, "typical_volume": 1411.0, "trend": 312.306665, "fair_value": 295.349038, "relative_strength": 9.256373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.527704, "energy": 90.475538, "activity_lines": [ 345.083335, 337.232727, 326.300237, 319.901934 ] }, { "date": "2026-02-13", "close": 356.450012, "volume": 212, "typical_volume": 1353.55, "trend": 314.211666, "fair_value": 295.821795, "relative_strength": 10.297754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.598307, "energy": 85.04262, "activity_lines": [ 349.756673, 341.940911, 329.913571, 322.749892 ] }, { "date": "2026-02-20", "close": 359.950012, "volume": 185, "typical_volume": 1308.25, "trend": 316.069999, "fair_value": 296.366346, "relative_strength": 8.498655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.774349, "energy": 79.864527, "activity_lines": [ 354.086676, 346.527277, 333.592382, 325.700753 ] }, { "date": "2026-02-27", "close": 365.450012, "volume": 1459, "typical_volume": 1340.4, "trend": 318.625, "fair_value": 296.88718, "relative_strength": 9.077309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.089043, "energy": 83.024385, "activity_lines": [ 358.823344, 351.249097, 337.532859, 328.88656 ] }, { "date": "2026-03-06", "close": 337.700012, "volume": 6670, "typical_volume": 1654.4, "trend": 319.955001, "fair_value": 297.314423, "relative_strength": 8.011893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.105844, "energy": 62.006535, "activity_lines": [ 352.920011, 350.083644, 338.525718, 330.117206 ] }, { "date": "2026-03-13", "close": 336.600006, "volume": 130, "typical_volume": 1628.55, "trend": 321.188334, "fair_value": 297.800641, "relative_strength": 8.577441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.593913, "energy": 42.935533, "activity_lines": [ 347.10001, 348.427281, 339.26929, 331.191078 ] }, { "date": "2026-03-20", "close": 321.399994, "volume": 10343, "typical_volume": 2133.25, "trend": 321.730001, "fair_value": 298.179167, "relative_strength": 6.791851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.98868, "energy": 20.089957, "activity_lines": [ 337.156671, 343.803643, 338.445956, 331.204733 ] }, { "date": "2026-03-27", "close": 336.0, "volume": 2077, "typical_volume": 2228.95, "trend": 322.901667, "fair_value": 298.596795, "relative_strength": 10.79526, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.184009, "energy": 28.103522, "activity_lines": [ 334.416669, 342.060005, 338.955241, 332.125378 ] }, { "date": "2026-04-03", "close": 351.299988, "volume": 636, "typical_volume": 2194.6, "trend": 324.62, "fair_value": 299.136538, "relative_strength": 11.699175, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.688752, "energy": 26.732938, "activity_lines": [ 338.37333, 343.144547, 340.770478, 333.957528 ] }, { "date": "2026-04-10", "close": 366.149994, "volume": 395, "typical_volume": 2175.2, "trend": 326.681667, "fair_value": 299.717949, "relative_strength": 11.893823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.421078, "energy": 34.763355, "activity_lines": [ 348.223328, 346.807273, 343.808335, 336.636882 ] }, { "date": "2026-04-17", "close": 367.0, "volume": 2359, "typical_volume": 2149.4, "trend": 328.94, "fair_value": 300.308654, "relative_strength": 9.670067, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.824792, "energy": 55.579398, "activity_lines": [ 356.459996, 350.229999, 346.621192, 339.238065 ] }, { "date": "2026-04-24", "close": 366.899994, "volume": 1010, "typical_volume": 2043.75, "trend": 331.163333, "fair_value": 300.919551, "relative_strength": 12.881833, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.345004, "energy": 73.958048, "activity_lines": [ 362.636662, 353.339089, 349.166191, 341.687097 ] }, { "date": "2026-05-01", "close": 362.950012, "volume": 1170, "typical_volume": 2055.1, "trend": 333.098334, "fair_value": 301.504808, "relative_strength": 11.897286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.25488, "energy": 72.963904, "activity_lines": [ 364.463334, 355.54, 351.086668, 343.73785 ] }, { "date": "2026-05-08", "close": 367.149994, "volume": 10386, "typical_volume": 2527.2, "trend": 335.288333, "fair_value": 302.115064, "relative_strength": 12.847953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.012911, "energy": 71.027235, "activity_lines": [ 365.893333, 358.449998, 353.166429, 345.934732 ] }, { "date": "2026-05-15", "close": 364.950012, "volume": 51, "typical_volume": 2528.85, "trend": 337.208333, "fair_value": 302.695513, "relative_strength": 14.037274, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.811343, "energy": 52.175122, "activity_lines": [ 365.533337, 360.929092, 354.808097, 347.848388 ] }, { "date": "2026-05-22", "close": 375.450012, "volume": 1762, "typical_volume": 2589.35, "trend": 339.338334, "fair_value": 303.379808, "relative_strength": 14.57534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.169962, "energy": 50.33847, "activity_lines": [ 368.753341, 364.821821, 357.243812, 350.315594 ] }, { "date": "2026-05-29", "close": 382.200012, "volume": 4836, "typical_volume": 2669.05, "trend": 341.770001, "fair_value": 304.088141, "relative_strength": 15.254795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.604139, "energy": 56.447665, "activity_lines": [ 373.66001, 369.23546, 360.084051, 353.080863 ] }, { "date": "2026-06-05", "close": 377.149994, "volume": 180, "typical_volume": 2595.2, "trend": 344.200001, "fair_value": 304.785256, "relative_strength": 12.876408, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.277047, "energy": 63.972738, "activity_lines": [ 375.863338, 371.625458, 362.21286, 355.363443 ] }, { "date": "2026-06-12", "close": 382.0, "volume": 667, "typical_volume": 2485.1, "trend": 346.565001, "fair_value": 305.458013, "relative_strength": 12.150971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.586259, "energy": 76.088115, "activity_lines": [ 378.73667, 374.149094, 364.619764, 357.802153 ] }, { "date": "2026-06-19", "close": 379.299988, "volume": 0, "typical_volume": 2414.25, "trend": 349.145001, "fair_value": 306.204487, "relative_strength": 10.12702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.185904, "energy": 75.862508, "activity_lines": [ 379.719997, 375.623637, 366.59143, 359.914087 ] }, { "date": "2026-06-26", "close": 369.600006, "volume": 78, "typical_volume": 2230.3, "trend": 351.040001, "fair_value": 306.848397, "relative_strength": 7.519273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.659822, "energy": 58.467071, "activity_lines": [ 376.513332, 375.095456, 367.473335, 361.233765 ] }, { "date": "2026-07-03", "close": 377.850006, "volume": 66, "typical_volume": 2223.0, "trend": 353.143335, "fair_value": 307.57468, "relative_strength": 8.062502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.411032, "energy": 49.799297, "activity_lines": [ 376.446667, 376.020002, 369.051192, 362.963443 ] }, { "date": "2026-07-10", "close": 367.799988, "volume": 2472, "typical_volume": 2337.35, "trend": 354.990001, "fair_value": 308.166987, "relative_strength": 7.051821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.07273, "energy": 30.618585, "activity_lines": [ 373.319997, 374.918181, 369.57, 363.909033 ] }, { "date": "2026-07-17", "close": 367.5, "volume": 1095, "typical_volume": 2319.15, "trend": 356.601668, "fair_value": 308.75609, "relative_strength": 6.677244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.629683, "energy": 23.16284, "activity_lines": [ 370.716665, 373.673636, 370.022857, 364.71613 ] }, { "date": "2026-07-24", "close": 367.450012, "volume": 463, "typical_volume": 2008.8, "trend": 358.126668, "fair_value": 309.296474, "relative_strength": 5.986626, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.294042, "energy": 20.151725, "activity_lines": [ 369.063336, 372.413637, 370.461192, 365.416023 ] }, { "date": "2026-07-31", "close": 374.950012, "volume": 1991, "typical_volume": 2101.85, "trend": 359.778336, "fair_value": 309.932692, "relative_strength": 6.118823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.268822, "energy": 21.83372, "activity_lines": [ 370.700006, 372.471821, 371.472145, 366.5014 ] }, { "date": "2026-08-07", "close": 386.75, "volume": 3051, "typical_volume": 1737.25, "trend": 361.543336, "fair_value": 310.683013, "relative_strength": 6.587933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.300179, "energy": 40.887608, "activity_lines": [ 375.913338, 374.684548, 373.424288, 368.241508 ] } ], "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." } } }