{ "ticker": { "uuid": "ac794a50-c538-4007-bb7f-26172786eb9a", "symbol": "DUOL", "name": "Duolingo Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "up", "architecture_direction": 58.571, "architecture_energy": 42.476, "architecture_maturity": 20.519, "architecture_confidence": 70.868, "architecture_tenure": "Developing", "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": 28.31, "rotation_up": 59.39, "upward_expansion": 82.0, "deceleration": 51.14, "rotation_down": 16.67, "downward_expansion": 6.33 }, "activity_lines": [ 130.194667, 127.844545, 121.01219, 116.656151 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 130.9, "trend_reference": 115.688167, "distance_from_trend": 0.13149, "trend_direction": "Weakening", "fair_value": 238.369936, "distance_from_fair_value": -0.450854, "fair_value_direction": "Improving", "relative_strength": -35.516287, "relative_strength_direction": "Improving", "price_momentum": 0.096315, "excess_performance": -0.091139, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.13149, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.150783, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.450854, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.100064, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.355163, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.299902, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.096315, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.92634, "read": "Supply-led" } ], "volume": { "latest": 10135113, "relative_activity": 1.344417, "balance": 0.92634, "dry_up": 0.826559, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.123303, "annualized_volatility": 0.420606, "from_high_reference": -0.649531, "from_low_reference": 0.489362 }, "levels": { "trend_reference": 115.688167, "fair_value_reference": 238.369936, "structural_low": 87.89, "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": 4, "median_return": 0.194768, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.169102, "regime_survival": 0.5, "best_return": 0.361231, "worst_return": 0.049214, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.503192, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.387582, "regime_survival": 0.0, "best_return": 0.769423, "worst_return": 0.236961, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.39715, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.238153, "regime_survival": 0.0, "best_return": 0.419188, "worst_return": 0.375113, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.546496, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.195561, "regime_survival": 0.0, "best_return": 0.79087, "worst_return": 0.302122, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-07-19", "tenure": "New", "return": -0.160205, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2024-08-30", "tenure": "Developing", "return": 0.226743, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": 0.335014, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-01-03", "tenure": "Established", "return": 0.199548, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": 0.235761, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-14", "tenure": "Developing", "return": -0.344704, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-18", "tenure": "Developing", "return": 0.055609, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-04-25", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-02", "end": "2025-06-27", "tenure": "Developing", "return": -0.154517, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": -0.070867, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-01", "end": "2025-09-05", "tenure": "Developing", "return": -0.200035, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-12", "end": "2026-05-29", "tenure": "Extended", "return": -0.638336, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-07-03", "tenure": "Developing", "return": 0.153444, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.049214, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 123.9, "volume": 2251971, "typical_volume": 2831002.15, "trend": 131.714, "fair_value": 111.857361, "relative_strength": -1.295932, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.794027, "energy": 13.014427, "activity_lines": [ 135.882667, 139.838364, 142.614143, 139.746452 ] }, { "date": "2023-08-25", "close": 135.07, "volume": 1744457, "typical_volume": 2823039.55, "trend": 133.115333, "fair_value": 112.070321, "relative_strength": 5.482404, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.236793, "energy": 17.690982, "activity_lines": [ 134.204, 138.559273, 141.925952, 139.962968 ] }, { "date": "2023-09-01", "close": 148.92, "volume": 2910301, "typical_volume": 2847225.55, "trend": 134.749667, "fair_value": 112.405318, "relative_strength": 11.645178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.139462, "energy": 15.300275, "activity_lines": [ 138.104, 140.120545, 142.564714, 140.982624 ] }, { "date": "2023-09-08", "close": 156.51, "volume": 1453572, "typical_volume": 2820981.1, "trend": 136.913, "fair_value": 112.802658, "relative_strength": 18.310451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.126929, "energy": 17.537358, "activity_lines": [ 144.67, 142.900182, 143.859571, 142.386516 ] }, { "date": "2023-09-15", "close": 159.53, "volume": 2725640, "typical_volume": 2866841.2, "trend": 139.186, "fair_value": 113.219866, "relative_strength": 20.616869, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 60.177903, "energy": 38.604204, "activity_lines": [ 150.966, 145.982182, 145.367333, 143.845677 ] }, { "date": "2023-09-22", "close": 152.67, "volume": 2654019, "typical_volume": 2781318.45, "trend": 141.369667, "fair_value": 113.568982, "relative_strength": 18.774002, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.569382, "energy": 41.190994, "activity_lines": [ 153.594, 147.375455, 146.110476, 144.715613 ] }, { "date": "2023-09-29", "close": 165.87, "volume": 2193851, "typical_volume": 2616643.0, "trend": 142.923, "fair_value": 114.027763, "relative_strength": 28.198176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.353976, "energy": 60.807975, "activity_lines": [ 158.704, 151.111273, 147.972143, 146.29628 ] }, { "date": "2023-10-06", "close": 164.24, "volume": 2778597, "typical_volume": 2561011.5, "trend": 144.471667, "fair_value": 114.464391, "relative_strength": 24.159431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.623623, "energy": 61.800313, "activity_lines": [ 161.217333, 154.253091, 149.562286, 147.67157 ] }, { "date": "2023-10-13", "close": 160.1, "volume": 3012366, "typical_volume": 2568339.55, "trend": 145.597667, "fair_value": 114.857802, "relative_strength": 19.973069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.236103, "energy": 51.303892, "activity_lines": [ 161.329333, 156.400727, 150.692, 148.679849 ] }, { "date": "2023-10-20", "close": 153.63, "volume": 3811893, "typical_volume": 2649328.25, "trend": 146.168333, "fair_value": 115.189188, "relative_strength": 17.770159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.495877, "energy": 34.699239, "activity_lines": [ 159.045333, 156.958545, 151.153333, 149.198065 ] }, { "date": "2023-10-27", "close": 143.57, "volume": 3418827, "typical_volume": 2652119.6, "trend": 146.201, "fair_value": 115.429703, "relative_strength": 12.325927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.681486, "energy": 14.572363, "activity_lines": [ 153.801333, 155.417818, 150.667571, 149.03043 ] }, { "date": "2023-11-03", "close": 159.33, "volume": 2575965, "typical_volume": 2618826.65, "trend": 146.954333, "fair_value": 115.798613, "relative_strength": 16.279501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.031377, "energy": 16.626116, "activity_lines": [ 154.417333, 156.384909, 151.741095, 149.877462 ] }, { "date": "2023-11-10", "close": 211.53, "volume": 7938259, "typical_volume": 2862170.35, "trend": 149.508667, "fair_value": 116.596375, "relative_strength": 47.713649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.6997, "energy": 52.258582, "activity_lines": [ 172.869333, 166.401818, 157.754905, 154.043634 ] }, { "date": "2023-11-17", "close": 211.65, "volume": 5381642, "typical_volume": 3026624.6, "trend": 151.869667, "fair_value": 117.381942, "relative_strength": 42.629494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.586801, "energy": 77.878852, "activity_lines": [ 188.208667, 175.302182, 163.439667, 158.052753 ] }, { "date": "2023-11-24", "close": 221.46, "volume": 2312402, "typical_volume": 3066504.4, "trend": 154.713, "fair_value": 118.235041, "relative_strength": 45.551461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.737317, "energy": 88.143356, "activity_lines": [ 203.381333, 184.983636, 169.731524, 162.542452 ] }, { "date": "2023-12-01", "close": 213.3, "volume": 3142899, "typical_volume": 3065691.6, "trend": 157.704333, "fair_value": 119.007927, "relative_strength": 37.971026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.306188, "energy": 85.981516, "activity_lines": [ 211.312, 192.055455, 174.835714, 166.322258 ] }, { "date": "2023-12-08", "close": 214.75, "volume": 2460348, "typical_volume": 3049953.7, "trend": 160.147667, "fair_value": 119.78004, "relative_strength": 36.122032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.975232, "energy": 84.088103, "activity_lines": [ 215.077333, 198.288545, 179.774238, 170.002624 ] }, { "date": "2023-12-15", "close": 231.49, "volume": 4866804, "typical_volume": 3185158.05, "trend": 162.852333, "fair_value": 120.67372, "relative_strength": 39.937459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.93208, "energy": 82.526071, "activity_lines": [ 220.728, 206.676545, 185.996333, 174.605355 ] }, { "date": "2023-12-22", "close": 238.25, "volume": 2387817, "typical_volume": 3196575.95, "trend": 165.822667, "fair_value": 121.606865, "relative_strength": 40.57107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.017428, "energy": 72.45534, "activity_lines": [ 227.301333, 215.070909, 192.478762, 179.46972 ] }, { "date": "2023-12-29", "close": 226.85, "volume": 1295425, "typical_volume": 3065852.75, "trend": 168.186333, "fair_value": 122.435551, "relative_strength": 31.664656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.442318, "energy": 60.133845, "activity_lines": [ 228.301333, 219.971636, 197.395048, 183.406968 ] }, { "date": "2024-01-05", "close": 204.135, "volume": 2722930, "typical_volume": 3089400.7, "trend": 169.796833, "fair_value": 123.073828, "relative_strength": 20.942551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.69827, "energy": 51.170025, "activity_lines": [ 221.370333, 219.411091, 199.728762, 185.726237 ] }, { "date": "2024-01-12", "close": 212.01, "volume": 2565711, "typical_volume": 3130463.4, "trend": 171.770833, "fair_value": 123.763256, "relative_strength": 20.409894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.323901, "energy": 40.026437, "activity_lines": [ 217.675333, 219.181182, 202.430405, 188.449667 ] }, { "date": "2024-01-19", "close": 194.6, "volume": 3308741, "typical_volume": 3150385.4, "trend": 173.589833, "fair_value": 124.308154, "relative_strength": 6.705424, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.383566, "energy": 23.586752, "activity_lines": [ 208.359667, 214.828, 203.107571, 189.922516 ] }, { "date": "2024-01-26", "close": 192.89, "volume": 2349795, "typical_volume": 3195196.55, "trend": 175.254833, "fair_value": 124.831679, "relative_strength": 4.466732, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.929648, "energy": 25.387309, "activity_lines": [ 200.933333, 210.471727, 203.404357, 191.167688 ] }, { "date": "2024-02-02", "close": 178.89, "volume": 2788076, "typical_volume": 3198318.35, "trend": 176.7095, "fair_value": 125.241212, "relative_strength": -4.66219, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.844076, "energy": 19.031793, "activity_lines": [ 191.864333, 203.911091, 202.194571, 191.402215 ] }, { "date": "2024-02-09", "close": 191.74, "volume": 2598131, "typical_volume": 3195523.95, "trend": 178.117167, "fair_value": 125.741203, "relative_strength": -0.267873, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.058122, "energy": 22.481108, "activity_lines": [ 190.276, 200.460818, 202.116405, 192.371925 ] }, { "date": "2024-02-16", "close": 184.9, "volume": 2542569, "typical_volume": 3212959.85, "trend": 179.297167, "fair_value": 126.182687, "relative_strength": -2.904774, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.129525, "energy": 20.337129, "activity_lines": [ 187.234, 196.158909, 201.200762, 192.809527 ] }, { "date": "2024-02-23", "close": 177.13, "volume": 1938696, "typical_volume": 3170964.8, "trend": 180.1695, "fair_value": 126.560074, "relative_strength": -8.723484, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.687283, "energy": 23.736143, "activity_lines": [ 183.409333, 190.987, 199.4545, 192.66971 ] }, { "date": "2024-03-01", "close": 236.49, "volume": 8318974, "typical_volume": 3436295.2, "trend": 183.473833, "fair_value": 127.368382, "relative_strength": 18.782138, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.909697, "energy": 22.960945, "activity_lines": [ 200.536, 197.596182, 203.30019, 196.30329 ] }, { "date": "2024-03-08", "close": 213.53, "volume": 4347601, "typical_volume": 3463080.6, "trend": 185.9645, "fair_value": 127.997299, "relative_strength": 8.507817, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.165603, "energy": 23.695245, "activity_lines": [ 207.102667, 200.062818, 204.595452, 198.242398 ] }, { "date": "2024-03-15", "close": 216.34, "volume": 3007408, "typical_volume": 3442509.65, "trend": 189.045833, "fair_value": 128.637464, "relative_strength": 10.837736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.234084, "energy": 32.199253, "activity_lines": [ 212.296667, 203.282545, 205.873095, 200.202108 ] }, { "date": "2024-03-22", "close": 232.09, "volume": 2728334, "typical_volume": 3450128.1, "trend": 192.279833, "fair_value": 129.381727, "relative_strength": 15.05378, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.085232, "energy": 46.990962, "activity_lines": [ 221.100667, 209.144, 208.304214, 202.979151 ] }, { "date": "2024-03-29", "close": 220.58, "volume": 1877788, "typical_volume": 3147104.55, "trend": 194.6685, "fair_value": 130.033143, "relative_strength": 9.700402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.903165, "energy": 54.027937, "activity_lines": [ 222.922, 212.547636, 209.292667, 204.804968 ] }, { "date": "2024-04-05", "close": 215.01, "volume": 2277779, "typical_volume": 2991911.4, "trend": 196.6185, "fair_value": 130.635816, "relative_strength": 7.53682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.396057, "energy": 43.940332, "activity_lines": [ 219.99, 214.466182, 209.707548, 206.117323 ] }, { "date": "2024-04-12", "close": 211.04, "volume": 1567976, "typical_volume": 2954690.1, "trend": 198.3355, "fair_value": 131.202042, "relative_strength": 5.833338, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.564738, "energy": 29.393649, "activity_lines": [ 217.166667, 215.260727, 209.728333, 207.047742 ] }, { "date": "2024-04-19", "close": 200.15, "volume": 10172102, "typical_volume": 3306150.25, "trend": 199.918167, "fair_value": 131.684196, "relative_strength": 5.93322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.234695, "energy": 11.254574, "activity_lines": [ 210.879333, 213.490727, 208.761595, 207.164806 ] }, { "date": "2024-04-26", "close": 222.66, "volume": 3751527, "typical_volume": 3370709.2, "trend": 201.811167, "fair_value": 132.315972, "relative_strength": 12.939561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.454029, "energy": 16.619297, "activity_lines": [ 213.174667, 215.660545, 210.001286, 208.632022 ] }, { "date": "2024-05-03", "close": 240.0, "volume": 3307216, "typical_volume": 3292729.8, "trend": 204.3365, "fair_value": 133.058621, "relative_strength": 19.648072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.539829, "energy": 30.074378, "activity_lines": [ 221.878667, 220.296545, 212.854738, 211.095817 ] }, { "date": "2024-05-10", "close": 188.12, "volume": 8133651, "typical_volume": 3580021.5, "trend": 205.2705, "fair_value": 133.435753, "relative_strength": -7.563428, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.891363, "energy": 6.051463, "activity_lines": [ 211.994667, 214.356727, 210.726714, 210.049591 ] }, { "date": "2024-05-17", "close": 179.14, "volume": 5832713, "typical_volume": 3806885.9, "trend": 206.120833, "fair_value": 133.746667, "relative_strength": -13.673993, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.384389, "energy": 17.409829, "activity_lines": [ 200.91, 207.663636, 207.982167, 208.363753 ] }, { "date": "2024-05-24", "close": 178.4, "volume": 3718069, "typical_volume": 3856642.85, "trend": 207.281833, "fair_value": 134.048378, "relative_strength": -15.04551, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.454895, "energy": 46.155589, "activity_lines": [ 191.705333, 201.461273, 205.394333, 206.575312 ] }, { "date": "2024-05-31", "close": 191.4, "volume": 4160265, "typical_volume": 3936370.55, "trend": 208.350833, "fair_value": 134.433289, "relative_strength": -7.320927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.260664, "energy": 52.673531, "activity_lines": [ 188.284, 198.312364, 204.167143, 205.550677 ] }, { "date": "2024-06-07", "close": 188.98, "volume": 2794720, "typical_volume": 3910669.5, "trend": 207.599167, "fair_value": 134.796933, "relative_strength": -10.785679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.179126, "energy": 60.353094, "activity_lines": [ 186.14, 195.463273, 202.807619, 204.300946 ] }, { "date": "2024-06-14", "close": 199.14, "volume": 3075573, "typical_volume": 3946958.4, "trend": 207.182167, "fair_value": 135.223046, "relative_strength": -9.164026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.293799, "energy": 45.30501, "activity_lines": [ 190.784, 195.036, 202.442476, 203.755194 ] }, { "date": "2024-06-21", "close": 206.52, "volume": 2967791, "typical_volume": 3955944.15, "trend": 206.684167, "fair_value": 135.692105, "relative_strength": -6.156811, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.310655, "energy": 15.889139, "activity_lines": [ 197.153333, 196.239091, 202.750429, 203.712473 ] }, { "date": "2024-06-28", "close": 208.67, "volume": 5878349, "typical_volume": 4119955.05, "trend": 206.529833, "fair_value": 136.169085, "relative_strength": -5.302761, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.123715, "energy": 13.766327, "activity_lines": [ 202.414, 197.915273, 203.131571, 203.840591 ] }, { "date": "2024-07-05", "close": 193.09, "volume": 2153561, "typical_volume": 4100504.65, "trend": 205.807833, "fair_value": 136.538701, "relative_strength": -15.445634, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.679297, "energy": 18.042871, "activity_lines": [ 200.463333, 196.603818, 201.948286, 202.973505 ] }, { "date": "2024-07-12", "close": 190.3, "volume": 2765606, "typical_volume": 4141850.15, "trend": 204.434833, "fair_value": 136.885548, "relative_strength": -16.397872, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.077904, "energy": 16.517068, "activity_lines": [ 197.47, 195.322727, 200.460286, 201.973 ] }, { "date": "2024-07-19", "close": 175.24, "volume": 3162372, "typical_volume": 3884020.05, "trend": 202.3345, "fair_value": 137.13141, "relative_strength": -19.734765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.047257, "energy": 40.158908, "activity_lines": [ 189.368667, 192.207091, 197.475286, 200.089462 ] }, { "date": "2024-07-26", "close": 173.28, "volume": 3227166, "typical_volume": 3827998.3, "trend": 200.548833, "fair_value": 137.343141, "relative_strength": -18.453621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.271272, "energy": 59.912148, "activity_lines": [ 182.207333, 188.969273, 194.595286, 198.214978 ] }, { "date": "2024-08-02", "close": 162.01, "volume": 2487010, "typical_volume": 3801978.4, "trend": 199.144667, "fair_value": 137.520256, "relative_strength": -21.305977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.285813, "energy": 72.090816, "activity_lines": [ 173.505333, 183.788909, 190.833619, 195.728602 ] }, { "date": "2024-08-09", "close": 187.38, "volume": 5174595, "typical_volume": 3924291.45, "trend": 198.323667, "fair_value": 137.845577, "relative_strength": -9.448855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.774878, "energy": 65.568832, "activity_lines": [ 176.370667, 183.519273, 189.746857, 194.969591 ] }, { "date": "2024-08-16", "close": 203.16, "volume": 3620263, "typical_volume": 4011415.2, "trend": 198.609, "fair_value": 138.34, "relative_strength": -7.219602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.853223, "energy": 29.271853, "activity_lines": [ 184.876667, 186.191818, 190.375857, 195.281613 ] }, { "date": "2024-08-23", "close": 212.57, "volume": 2086836, "typical_volume": 4001868.05, "trend": 199.265, "fair_value": 138.932756, "relative_strength": -4.204075, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.52282, "energy": 9.999136, "activity_lines": [ 195.662, 190.317455, 191.984, 196.182323 ] }, { "date": "2024-08-30", "close": 212.57, "volume": 1911468, "typical_volume": 4019042.65, "trend": 200.387667, "fair_value": 139.250128, "relative_strength": -3.651047, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.013344, "energy": 28.472955, "activity_lines": [ 203.958667, 194.198909, 193.603762, 197.04071 ] }, { "date": "2024-09-06", "close": 208.26, "volume": 1148218, "typical_volume": 3567848.45, "trend": 200.938333, "fair_value": 139.473782, "relative_strength": 0.026686, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.400896, "energy": 30.253395, "activity_lines": [ 208.199333, 197.186727, 194.805762, 197.548602 ] }, { "date": "2024-09-13", "close": 228.73, "volume": 2240284, "typical_volume": 3492286.3, "trend": 202.399333, "fair_value": 139.754231, "relative_strength": 3.493252, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.480438, "energy": 55.376406, "activity_lines": [ 216.18, 203.903818, 197.918667, 199.341613 ] }, { "date": "2024-09-20", "close": 268.34, "volume": 4369579, "typical_volume": 3545404.45, "trend": 205.439667, "fair_value": 140.196346, "relative_strength": 19.001952, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 65.350946, "energy": 76.997911, "activity_lines": [ 234.607333, 217.174727, 204.775048, 203.595849 ] }, { "date": "2024-09-27", "close": 278.03, "volume": 4473278, "typical_volume": 3362385.8, "trend": 206.824333, "fair_value": 140.949231, "relative_strength": 21.511971, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.417444, "energy": 91.736543, "activity_lines": [ 251.919333, 230.788545, 212.419333, 208.279097 ] }, { "date": "2024-10-04", "close": 283.49, "volume": 2116677, "typical_volume": 3176584.0, "trend": 209.156333, "fair_value": 141.699038, "relative_strength": 23.107132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.759604, "energy": 94.109986, "activity_lines": [ 266.687333, 243.526182, 220.155476, 213.225269 ] }, { "date": "2024-10-11", "close": 289.75, "volume": 1665683, "typical_volume": 3073964.7, "trend": 211.603333, "fair_value": 142.551923, "relative_strength": 23.55102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.916031, "energy": 92.729211, "activity_lines": [ 278.814, 255.398182, 227.990905, 218.42486 ] }, { "date": "2024-10-18", "close": 286.12, "volume": 2163077, "typical_volume": 2974105.3, "trend": 213.404333, "fair_value": 143.243333, "relative_strength": 21.031913, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.467191, "energy": 89.009661, "activity_lines": [ 284.298, 264.287636, 234.950381, 223.232387 ] }, { "date": "2024-10-25", "close": 291.61, "volume": 1989976, "typical_volume": 2933868.1, "trend": 215.772, "fair_value": 143.999231, "relative_strength": 22.305665, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.37135, "energy": 87.744251, "activity_lines": [ 287.786, 272.38, 241.981667, 228.277914 ] }, { "date": "2024-11-01", "close": 293.68, "volume": 2427236, "typical_volume": 2901451.25, "trend": 218.394333, "fair_value": 144.896346, "relative_strength": 24.341869, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.173872, "energy": 73.438559, "activity_lines": [ 290.412667, 279.240545, 248.721381, 233.304237 ] }, { "date": "2024-11-08", "close": 326.89, "volume": 4272969, "typical_volume": 2966710.15, "trend": 222.256, "fair_value": 145.998077, "relative_strength": 30.833826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.646563, "energy": 77.437398, "activity_lines": [ 303.066, 290.664545, 258.173762, 240.303957 ] }, { "date": "2024-11-15", "close": 307.32, "volume": 2497012, "typical_volume": 2797643.3, "trend": 225.828333, "fair_value": 147.096538, "relative_strength": 27.017154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.766015, "energy": 66.882346, "activity_lines": [ 306.302667, 296.451818, 265.189143, 245.791957 ] }, { "date": "2024-11-22", "close": 351.97, "volume": 2784308, "typical_volume": 2829180.65, "trend": 230.138667, "fair_value": 148.566987, "relative_strength": 42.127104, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.865617, "energy": 77.762363, "activity_lines": [ 323.251333, 308.556182, 275.987143, 253.930129 ] }, { "date": "2024-11-29", "close": 348.27, "volume": 2645899, "typical_volume": 2823195.3, "trend": 233.747667, "fair_value": 150.100385, "relative_strength": 38.820922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.248061, "energy": 82.070862, "activity_lines": [ 334.576667, 317.747091, 285.67619, 261.551505 ] }, { "date": "2024-12-06", "close": 368.5, "volume": 2636671, "typical_volume": 2796910.25, "trend": 239.760333, "fair_value": 151.849167, "relative_strength": 41.393361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.457762, "energy": 73.741549, "activity_lines": [ 348.868, 329.162909, 296.539667, 270.245204 ] }, { "date": "2024-12-13", "close": 338.07, "volume": 3081011, "typical_volume": 2789602.5, "trend": 245.058, "fair_value": 153.346154, "relative_strength": 28.416732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.13689, "energy": 66.061005, "activity_lines": [ 348.028, 333.401091, 303.584762, 276.587763 ] }, { "date": "2024-12-20", "close": 342.12, "volume": 3560462, "typical_volume": 2843275.1, "trend": 250.515333, "fair_value": 154.840769, "relative_strength": 32.552273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.814689, "energy": 62.795065, "activity_lines": [ 347.792667, 337.383273, 310.230857, 282.849828 ] }, { "date": "2024-12-27", "close": 333.34, "volume": 1055547, "typical_volume": 2637322.7, "trend": 255.246667, "fair_value": 156.297372, "relative_strength": 27.585212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.773039, "energy": 56.161, "activity_lines": [ 342.310667, 338.816909, 315.183095, 288.193355 ] }, { "date": "2025-01-03", "close": 340.06, "volume": 1691053, "typical_volume": 2540862.2, "trend": 260.282667, "fair_value": 157.822179, "relative_strength": 30.462799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.018211, "energy": 42.882883, "activity_lines": [ 340.310667, 340.613818, 320.080286, 293.665183 ] }, { "date": "2025-01-10", "close": 318.67, "volume": 2213852, "typical_volume": 2547213.0, "trend": 264.267, "fair_value": 159.271154, "relative_strength": 24.489713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.353009, "energy": 32.83025, "activity_lines": [ 331.728, 337.640727, 322.288429, 297.432108 ] }, { "date": "2025-01-17", "close": 351.13, "volume": 2833975, "typical_volume": 2593338.35, "trend": 269.087333, "fair_value": 160.972564, "relative_strength": 32.295384, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.311052, "energy": 33.457071, "activity_lines": [ 337.287333, 340.115091, 327.082762, 303.036172 ] }, { "date": "2025-01-24", "close": 328.6, "volume": 2087560, "typical_volume": 2640305.45, "trend": 273.085, "fair_value": 162.490321, "relative_strength": 21.217269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.229842, "energy": 27.000708, "activity_lines": [ 334.466, 338.052364, 329.071571, 306.875699 ] }, { "date": "2025-01-31", "close": 363.99, "volume": 2807411, "typical_volume": 2668661.8, "trend": 278.781667, "fair_value": 164.237179, "relative_strength": 34.754516, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.077908, "energy": 37.354459, "activity_lines": [ 344.342667, 342.037273, 333.85781, 312.740538 ] }, { "date": "2025-02-07", "close": 393.8, "volume": 3219839, "typical_volume": 2611174.8, "trend": 285.565, "fair_value": 166.158974, "relative_strength": 43.946237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.857221, "energy": 50.863233, "activity_lines": [ 362.112667, 351.223636, 340.839, 320.161075 ] }, { "date": "2025-02-14", "close": 432.69, "volume": 4480464, "typical_volume": 2611534.1, "trend": 294.146667, "fair_value": 168.349295, "relative_strength": 51.612194, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.791862, "energy": 73.359698, "activity_lines": [ 389.263333, 366.653091, 350.926571, 329.653011 ] }, { "date": "2025-02-21", "close": 385.35, "volume": 3514290, "typical_volume": 2681414.75, "trend": 301.215667, "fair_value": 170.255641, "relative_strength": 36.515757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.368813, "energy": 69.495141, "activity_lines": [ 393.032667, 372.308182, 355.769095, 335.537097 ] }, { "date": "2025-02-28", "close": 312.07, "volume": 7741220, "typical_volume": 2985191.6, "trend": 306.217667, "fair_value": 171.777372, "relative_strength": 14.123452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.791728, "energy": 33.50967, "activity_lines": [ 370.094, 363.78, 353.147524, 336.237376 ] }, { "date": "2025-03-07", "close": 295.56, "volume": 6708972, "typical_volume": 3212486.35, "trend": 309.823667, "fair_value": 173.180321, "relative_strength": 11.241604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.442601, "energy": 8.67913, "activity_lines": [ 342.754, 352.796364, 348.847286, 335.549785 ] }, { "date": "2025-03-14", "close": 283.54, "volume": 5552283, "typical_volume": 3390601.7, "trend": 312.503, "fair_value": 174.429423, "relative_strength": 9.06846, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -9.237598, "energy": 22.764713, "activity_lines": [ 315.969333, 340.314182, 343.357333, 333.854065 ] }, { "date": "2025-03-21", "close": 309.3, "volume": 3719020, "typical_volume": 3455190.9, "trend": 315.727333, "fair_value": 175.815641, "relative_strength": 18.178481, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.721225, "energy": 31.025798, "activity_lines": [ 305.122, 333.543273, 340.359143, 333.647419 ] }, { "date": "2025-03-28", "close": 315.0, "volume": 4353549, "typical_volume": 3459219.9, "trend": 319.141667, "fair_value": 177.221731, "relative_strength": 22.487901, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.343407, "energy": 28.405997, "activity_lines": [ 304.400667, 327.979091, 337.829429, 333.600495 ] }, { "date": "2025-04-04", "close": 292.88, "volume": 4536992, "typical_volume": 3561218.9, "trend": 321.962333, "fair_value": 178.493013, "relative_strength": 25.465807, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.363898, "energy": 36.557065, "activity_lines": [ 300.996, 319.05, 333.249667, 331.906194 ] }, { "date": "2025-04-11", "close": 329.35, "volume": 5217363, "typical_volume": 3682871.65, "trend": 325.316333, "fair_value": 180.028462, "relative_strength": 30.147842, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.493807, "energy": 16.713676, "activity_lines": [ 311.027333, 317.401273, 332.212, 332.382817 ] }, { "date": "2025-04-18", "close": 326.5, "volume": 2143567, "typical_volume": 3657755.05, "trend": 327.255, "fair_value": 181.570128, "relative_strength": 30.886059, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.797451, "energy": 8.229461, "activity_lines": [ 317.856, 315.864182, 331.010619, 332.459183 ] }, { "date": "2025-04-25", "close": 381.83, "volume": 3957796, "typical_volume": 3723811.3, "trend": 330.715, "fair_value": 183.463462, "relative_strength": 42.442362, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.686887, "energy": 13.086779, "activity_lines": [ 340.264, 325.610727, 335.182429, 335.980151 ] }, { "date": "2025-05-02", "close": 486.42, "volume": 7476578, "typical_volume": 3943589.65, "trend": 337.479333, "fair_value": 186.064808, "relative_strength": 72.83848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.382712, "energy": 57.989325, "activity_lines": [ 392.7, 355.298364, 349.251714, 346.025634 ] }, { "date": "2025-05-09", "close": 512.75, "volume": 5766038, "typical_volume": 4053868.45, "trend": 344.912667, "fair_value": 188.776218, "relative_strength": 78.796734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.590651, "energy": 83.858439, "activity_lines": [ 442.484667, 387.935636, 365.12219, 357.333419 ] }, { "date": "2025-05-16", "close": 529.05, "volume": 4065092, "typical_volume": 4204345.7, "trend": 353.010333, "fair_value": 191.677436, "relative_strength": 69.208022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.459978, "energy": 91.08263, "activity_lines": [ 483.044667, 419.887818, 381.732524, 369.213247 ] }, { "date": "2025-05-23", "close": 520.21, "volume": 3336585, "typical_volume": 4286622.3, "trend": 360.630333, "fair_value": 194.475064, "relative_strength": 67.016589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.799437, "energy": 90.259887, "activity_lines": [ 507.344667, 445.987455, 396.569, 380.000323 ] }, { "date": "2025-05-30", "close": 519.61, "volume": 2713465, "typical_volume": 4311602.95, "trend": 368.161333, "fair_value": 197.233205, "relative_strength": 60.752354, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.06181, "energy": 88.880245, "activity_lines": [ 518.530667, 467.674909, 410.490476, 390.257075 ] }, { "date": "2025-06-06", "close": 512.95, "volume": 3681106, "typical_volume": 4353959.5, "trend": 374.363333, "fair_value": 199.922821, "relative_strength": 52.824379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.859306, "energy": 87.100946, "activity_lines": [ 518.311333, 484.327636, 422.82081, 399.59828 ] }, { "date": "2025-06-13", "close": 478.48, "volume": 4311701, "typical_volume": 4465166.55, "trend": 380.068667, "fair_value": 202.382885, "relative_strength": 41.254366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.874798, "energy": 65.389751, "activity_lines": [ 504.833333, 491.114, 431.097714, 406.315484 ] }, { "date": "2025-06-20", "close": 471.57, "volume": 2974826, "typical_volume": 4473537.3, "trend": 384.055333, "fair_value": 204.753654, "relative_strength": 37.348753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.560775, "energy": 48.55532, "activity_lines": [ 491.336667, 493.269455, 438.00281, 412.218796 ] }, { "date": "2025-06-27", "close": 411.26, "volume": 7199655, "typical_volume": 4672528.1, "trend": 386.155, "fair_value": 206.780577, "relative_strength": 13.959485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.23657, "energy": 27.076299, "activity_lines": [ 461.568667, 481.873636, 438.65181, 413.973935 ] }, { "date": "2025-07-04", "close": 391.86, "volume": 2872627, "typical_volume": 4592136.25, "trend": 386.933667, "fair_value": 208.586795, "relative_strength": 6.026882, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.241614, "energy": 26.527517, "activity_lines": [ 432.597333, 465.409455, 437.370048, 414.342 ] }, { "date": "2025-07-11", "close": 370.82, "volume": 4829496, "typical_volume": 4657896.55, "trend": 388.025333, "fair_value": 210.326667, "relative_strength": -0.116581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.254506, "energy": 25.916573, "activity_lines": [ 405.129333, 444.937455, 434.278905, 413.302409 ] }, { "date": "2025-07-18", "close": 370.49, "volume": 4627330, "typical_volume": 4502202.05, "trend": 388.971, "fair_value": 212.089744, "relative_strength": -2.272419, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.941053, "energy": 38.89196, "activity_lines": [ 387.026667, 426.507273, 431.225524, 412.171097 ] }, { "date": "2025-07-25", "close": 364.09, "volume": 3789291, "typical_volume": 4356218.0, "trend": 389.996, "fair_value": 213.835513, "relative_strength": -5.543745, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.878754, "energy": 43.342833, "activity_lines": [ 373.99, 409.5, 427.284429, 410.565871 ] }, { "date": "2025-08-01", "close": 338.99, "volume": 5769546, "typical_volume": 4367081.15, "trend": 389.960333, "fair_value": 215.347821, "relative_strength": -10.700585, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.870862, "energy": 69.525068, "activity_lines": [ 359.752, 390.928364, 420.626524, 407.275161 ] }, { "date": "2025-08-08", "close": 370.34, "volume": 17513645, "typical_volume": 5056812.4, "trend": 391.682667, "fair_value": 217.026827, "relative_strength": -6.5451, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.072593, "energy": 53.400737, "activity_lines": [ 360.782, 381.351636, 416.690286, 406.009333 ] }, { "date": "2025-08-15", "close": 326.93, "volume": 10701445, "typical_volume": 5374207.2, "trend": 390.876, "fair_value": 218.509071, "relative_strength": -18.208868, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.514762, "energy": 55.996075, "activity_lines": [ 348.776667, 366.596182, 408.329095, 401.831742 ] }, { "date": "2025-08-22", "close": 331.87, "volume": 9656676, "typical_volume": 5630191.4, "trend": 390.985, "fair_value": 220.038558, "relative_strength": -16.506325, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.801478, "energy": 38.780079, "activity_lines": [ 341.344, 356.121091, 400.381571, 398.024903 ] }, { "date": "2025-08-29", "close": 297.86, "volume": 7811453, "typical_volume": 5759895.9, "trend": 388.780667, "fair_value": 221.352788, "relative_strength": -25.008771, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.38354, "energy": 46.429955, "activity_lines": [ 325.149333, 342.128, 389.009333, 392.016839 ] }, { "date": "2025-09-05", "close": 271.18, "volume": 7495565, "typical_volume": 6027495.8, "trend": 384.693333, "fair_value": 222.452981, "relative_strength": -32.404207, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.480687, "energy": 75.714014, "activity_lines": [ 304.476667, 326.442364, 375.246095, 384.429699 ] }, { "date": "2025-09-12", "close": 307.91, "volume": 12891250, "typical_volume": 6474168.5, "trend": 380.534, "fair_value": 223.79016, "relative_strength": -24.720639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.242114, "energy": 65.082584, "activity_lines": [ 300.568, 319.981818, 365.244381, 379.475935 ] }, { "date": "2025-09-19", "close": 290.9, "volume": 9554178, "typical_volume": 6578048.5, "trend": 377.385667, "fair_value": 225.083045, "relative_strength": -30.242859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.211019, "energy": 65.630796, "activity_lines": [ 295.151333, 311.954909, 353.974667, 373.693097 ] }, { "date": "2025-09-26", "close": 326.39, "volume": 8015657, "typical_volume": 6690529.45, "trend": 377.863, "fair_value": 226.56484, "relative_strength": -21.321418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.094295, "energy": 49.137776, "activity_lines": [ 303.966667, 311.833818, 347.016, 370.403054 ] }, { "date": "2025-10-03", "close": 322.63, "volume": 8715435, "typical_volume": 6923046.6, "trend": 378.765333, "fair_value": 228.001571, "relative_strength": -23.051236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.588928, "energy": 35.2655, "activity_lines": [ 311.894, 311.830909, 340.586667, 366.839634 ] }, { "date": "2025-10-10", "close": 325.0, "volume": 6258506, "typical_volume": 7069142.65, "trend": 380.147333, "fair_value": 229.582917, "relative_strength": -20.601261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.205469, "energy": 29.287964, "activity_lines": [ 318.96, 313.012727, 335.366, 363.370903 ] }, { "date": "2025-10-17", "close": 324.02, "volume": 4996122, "typical_volume": 7183275.5, "trend": 380.638, "fair_value": 231.132724, "relative_strength": -22.635214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.714446, "energy": 22.846819, "activity_lines": [ 322.111333, 314.270727, 330.981571, 359.749785 ] }, { "date": "2025-10-24", "close": 312.0, "volume": 4626576, "typical_volume": 7230549.0, "trend": 380.538, "fair_value": 232.599712, "relative_strength": -26.920181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.944846, "energy": 24.226178, "activity_lines": [ 320.182, 314.185455, 326.383762, 355.321527 ] }, { "date": "2025-10-31", "close": 270.64, "volume": 6998527, "typical_volume": 7364890.3, "trend": 379.796667, "fair_value": 233.822788, "relative_strength": -37.509328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.728167, "energy": 38.924711, "activity_lines": [ 303.059333, 306.851636, 318.80381, 348.231333 ] }, { "date": "2025-11-07", "close": 201.21, "volume": 22632584, "typical_volume": 8347778.2, "trend": 375.525333, "fair_value": 234.641891, "relative_strength": -51.650248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.225726, "energy": 74.844358, "activity_lines": [ 266.51, 288.007455, 305.60119, 336.709613 ] }, { "date": "2025-11-14", "close": 185.07, "volume": 11780862, "typical_volume": 8576838.55, "trend": 370.811, "fair_value": 235.394263, "relative_strength": -55.061397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.344077, "energy": 90.760816, "activity_lines": [ 232.675333, 267.986, 292.148857, 324.422172 ] }, { "date": "2025-11-21", "close": 172.78, "volume": 10625765, "typical_volume": 8964495.45, "trend": 363.842667, "fair_value": 236.055096, "relative_strength": -56.203146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.141754, "energy": 93.525223, "activity_lines": [ 204.072667, 247.295636, 278.603143, 311.645978 ] }, { "date": "2025-11-28", "close": 191.41, "volume": 7113466, "typical_volume": 9078693.95, "trend": 354.009, "fair_value": 236.828878, "relative_strength": -53.259154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.619908, "energy": 88.673151, "activity_lines": [ 191.762667, 232.449455, 267.874952, 300.52129 ] }, { "date": "2025-12-05", "close": 199.75, "volume": 6769873, "typical_volume": 9185821.1, "trend": 343.575667, "fair_value": 237.669135, "relative_strength": -51.16264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.776104, "energy": 87.085018, "activity_lines": [ 190.272, 220.928545, 258.795381, 290.569097 ] }, { "date": "2025-12-12", "close": 196.28, "volume": 9475782, "typical_volume": 9470145.65, "trend": 332.483333, "fair_value": 238.459455, "relative_strength": -50.61768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.989762, "energy": 79.174639, "activity_lines": [ 192.350667, 211.079273, 250.198381, 281.066151 ] }, { "date": "2025-12-19", "close": 185.96, "volume": 7444178, "typical_volume": 9553877.25, "trend": 321.341667, "fair_value": 239.198301, "relative_strength": -52.969036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.871338, "energy": 65.003604, "activity_lines": [ 191.318, 201.650909, 241.417619, 271.613032 ] }, { "date": "2025-12-26", "close": 181.66, "volume": 4059681, "typical_volume": 8881179.05, "trend": 310.076667, "fair_value": 239.906827, "relative_strength": -54.137429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.846543, "energy": 64.235172, "activity_lines": [ 188.792667, 193.968727, 232.956048, 262.601312 ] }, { "date": "2026-01-02", "close": 176.48, "volume": 4807772, "typical_volume": 8586495.4, "trend": 298.861, "fair_value": 240.576058, "relative_strength": -54.146984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.818434, "energy": 65.01347, "activity_lines": [ 183.948667, 187.933091, 224.899619, 253.982172 ] }, { "date": "2026-01-09", "close": 176.66, "volume": 8059787, "typical_volume": 8506650.95, "trend": 288.800333, "fair_value": 241.199776, "relative_strength": -54.605142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.757365, "energy": 64.034439, "activity_lines": [ 180.16, 184.394182, 217.576762, 246.098237 ] }, { "date": "2026-01-16", "close": 150.16, "volume": 14299580, "typical_volume": 8831057.3, "trend": 278.086667, "fair_value": 241.62016, "relative_strength": -60.548845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.898708, "energy": 69.279358, "activity_lines": [ 169.077333, 177.745818, 208.46919, 237.153699 ] }, { "date": "2026-01-23", "close": 155.975, "volume": 8610856, "typical_volume": 8886821.85, "trend": 269.577167, "fair_value": 242.023654, "relative_strength": -58.632741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.603871, "energy": 68.977872, "activity_lines": [ 163.007667, 173.082909, 200.618762, 229.275527 ] }, { "date": "2026-01-30", "close": 134.06, "volume": 9627709, "typical_volume": 8723644.8, "trend": 260.983833, "fair_value": 242.242692, "relative_strength": -63.839558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.701753, "energy": 84.066651, "activity_lines": [ 151.632, 164.964455, 191.229786, 220.532484 ] }, { "date": "2026-02-06", "close": 119.4, "volume": 18491914, "typical_volume": 9170531.6, "trend": 252.603167, "fair_value": 242.420833, "relative_strength": -66.542836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.105678, "energy": 95.389734, "activity_lines": [ 138.543, 154.884545, 181.272476, 211.398043 ] }, { "date": "2026-02-13", "close": 112.57, "volume": 13684203, "typical_volume": 9453958.9, "trend": 244.005833, "fair_value": 242.556923, "relative_strength": -67.386182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.547251, "energy": 94.30604, "activity_lines": [ 126.982667, 144.872091, 171.481357, 202.363645 ] }, { "date": "2026-02-20", "close": 112.94, "volume": 7961392, "typical_volume": 9416256.75, "trend": 235.634167, "fair_value": 242.722179, "relative_strength": -67.040635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.305453, "energy": 91.975434, "activity_lines": [ 119.818333, 136.512, 162.743667, 193.907785 ] }, { "date": "2026-02-27", "close": 101.0, "volume": 34312363, "typical_volume": 10818949.6, "trend": 227.701167, "fair_value": 242.605064, "relative_strength": -69.989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.939964, "energy": 93.022936, "activity_lines": [ 111.155333, 127.496273, 153.867357, 185.22171 ] }, { "date": "2026-03-06", "close": 101.92, "volume": 17292498, "typical_volume": 11433768.4, "trend": 218.753833, "fair_value": 242.503397, "relative_strength": -68.865933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.625022, "energy": 79.19012, "activity_lines": [ 106.464, 120.192545, 146.145333, 177.106796 ] }, { "date": "2026-03-13", "close": 98.39, "volume": 12662882, "typical_volume": 11835583.7, "trend": 211.135833, "fair_value": 242.324359, "relative_strength": -69.173756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.528613, "energy": 70.673683, "activity_lines": [ 102.738667, 113.696818, 139.144738, 169.341387 ] }, { "date": "2026-03-20", "close": 98.05, "volume": 9781451, "typical_volume": 11974729.9, "trend": 203.341833, "fair_value": 242.077821, "relative_strength": -68.119743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.664119, "energy": 69.417419, "activity_lines": [ 100.300667, 108.559091, 133.128952, 162.045527 ] }, { "date": "2026-03-27", "close": 95.35, "volume": 6707769, "typical_volume": 11178489.15, "trend": 196.5915, "fair_value": 241.775, "relative_strength": -67.364434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.866124, "energy": 68.828565, "activity_lines": [ 97.930667, 104.359727, 127.677881, 155.078312 ] }, { "date": "2026-04-03", "close": 96.54, "volume": 5944309, "typical_volume": 10886661.5, "trend": 190.770167, "fair_value": 241.517372, "relative_strength": -67.584762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.475893, "energy": 66.664661, "activity_lines": [ 97.13, 101.373273, 122.844238, 148.623376 ] }, { "date": "2026-04-10", "close": 90.03, "volume": 9889566, "typical_volume": 10849851.55, "trend": 183.5075, "fair_value": 241.229744, "relative_strength": -70.412002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.881505, "energy": 68.068683, "activity_lines": [ 94.456667, 98.283818, 117.812167, 142.124011 ] }, { "date": "2026-04-17", "close": 100.51, "volume": 9601129, "typical_volume": 10974234.7, "trend": 177.161167, "fair_value": 240.971346, "relative_strength": -68.173527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.296745, "energy": 63.751993, "activity_lines": [ 96.069333, 97.900364, 114.172238, 136.769333 ] }, { "date": "2026-04-24", "close": 103.45, "volume": 7807018, "typical_volume": 11026091.95, "trend": 169.729833, "fair_value": 240.761667, "relative_strength": -67.096205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.628069, "energy": 57.361508, "activity_lines": [ 98.520667, 98.394909, 111.245167, 132.013774 ] }, { "date": "2026-05-01", "close": 111.25, "volume": 7694850, "typical_volume": 10937045.35, "trend": 162.683833, "fair_value": 240.682756, "relative_strength": -63.933309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.482024, "energy": 49.030662, "activity_lines": [ 103.212, 100.473455, 109.519524, 128.240882 ] }, { "date": "2026-05-08", "close": 107.99, "volume": 18025335, "typical_volume": 11466103.2, "trend": 155.450167, "fair_value": 240.468269, "relative_strength": -65.506537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.577638, "energy": 37.299344, "activity_lines": [ 105.756667, 101.99, 107.88831, 124.712247 ] }, { "date": "2026-05-15", "close": 112.06, "volume": 7576594, "typical_volume": 11641948.85, "trend": 148.384833, "fair_value": 240.222821, "relative_strength": -62.688319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.430819, "energy": 27.320929, "activity_lines": [ 108.894667, 104.119455, 107.016, 121.912882 ] }, { "date": "2026-05-22", "close": 106.61, "volume": 6964603, "typical_volume": 11749790.4, "trend": 141.5385, "fair_value": 239.950192, "relative_strength": -63.475278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.319826, "energy": 22.010963, "activity_lines": [ 108.747333, 105.073636, 105.956071, 119.217731 ] }, { "date": "2026-05-29", "close": 111.36, "volume": 3919136, "typical_volume": 11542757.85, "trend": 136.229167, "fair_value": 239.664423, "relative_strength": -61.361574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.210985, "energy": 17.776939, "activity_lines": [ 109.776667, 106.742, 105.681238, 117.270731 ] }, { "date": "2026-06-05", "close": 109.03, "volume": 7640185, "typical_volume": 11209788.1, "trend": 133.1565, "fair_value": 239.364487, "relative_strength": -58.724905, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.305713, "energy": 15.805973, "activity_lines": [ 109.502, 107.744727, 105.495452, 115.515946 ] }, { "date": "2026-06-12", "close": 122.63, "volume": 8532240, "typical_volume": 11205857.3, "trend": 131.075167, "fair_value": 239.171154, "relative_strength": -52.829145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.129521, "energy": 8.037961, "activity_lines": [ 113.908667, 110.971455, 106.800762, 114.836817 ] }, { "date": "2026-06-19", "close": 125.56, "volume": 5491429, "typical_volume": 10999043.3, "trend": 129.501167, "fair_value": 239.078397, "relative_strength": -51.055809, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.611118, "energy": 18.265893, "activity_lines": [ 118.316, 114.256545, 108.543905, 114.481 ] }, { "date": "2026-06-26", "close": 121.49, "volume": 10038347, "typical_volume": 10576364.95, "trend": 127.1705, "fair_value": 238.940897, "relative_strength": -48.759813, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.366172, "energy": 17.53442, "activity_lines": [ 120.466667, 116.155636, 109.939905, 113.964151 ] }, { "date": "2026-07-03", "close": 125.76, "volume": 4803121, "typical_volume": 10132310.85, "trend": 124.704167, "fair_value": 238.880064, "relative_strength": -45.762214, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.186734, "energy": 23.260752, "activity_lines": [ 123.048667, 118.449636, 111.732619, 113.873151 ] }, { "date": "2026-07-10", "close": 124.76, "volume": 5213048, "typical_volume": 9994893.65, "trend": 122.320167, "fair_value": 238.72141, "relative_strength": -45.542934, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.621813, "energy": 34.369703, "activity_lines": [ 124.337333, 120.156182, 113.367286, 113.876753 ] }, { "date": "2026-07-17", "close": 133.85, "volume": 4481188, "typical_volume": 8503334.9, "trend": 120.583167, "fair_value": 238.62109, "relative_strength": -37.242887, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.542985, "energy": 46.108975, "activity_lines": [ 127.607333, 123.269818, 115.811381, 114.620613 ] }, { "date": "2026-07-24", "close": 122.24, "volume": 4187476, "typical_volume": 7848083.8, "trend": 118.6025, "fair_value": 238.436987, "relative_strength": -40.001566, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.280136, "energy": 30.500435, "activity_lines": [ 126.259333, 123.802364, 116.993333, 114.727505 ] }, { "date": "2026-07-31", "close": 134.81, "volume": 6120843, "typical_volume": 7520981.85, "trend": 117.2135, "fair_value": 238.420641, "relative_strength": -32.3662, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.706956, "energy": 37.755667, "activity_lines": [ 129.322667, 126.435273, 119.275667, 115.773151 ] }, { "date": "2026-08-07", "close": 130.9, "volume": 10135113, "typical_volume": 7538664.95, "trend": 115.688167, "fair_value": 238.369936, "relative_strength": -35.516287, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 58.571421, "energy": 42.47598, "activity_lines": [ 130.194667, 127.844545, 121.01219, 116.656151 ] } ], "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." } } }