{ "ticker": { "uuid": "ad90d1a1-0b08-476c-8f22-addab6053da5", "symbol": "BALD-B", "name": "Fastighets AB Balder (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -42.385, "architecture_energy": 32.231, "architecture_maturity": 79.891, "architecture_confidence": 63.131, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 41.6, "rotation_up": 25.03, "upward_expansion": 10.49, "deceleration": 64.23, "rotation_down": 38.4, "downward_expansion": 67.16 }, "activity_lines": [ 52.061333, 51.96, 52.454707, 54.192388 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 53.759998, "trend_reference": 57.248707, "distance_from_trend": -0.06094, "trend_direction": "Weakening", "fair_value": 67.408533, "distance_from_fair_value": -0.202475, "fair_value_direction": "Improving", "relative_strength": -23.226351, "relative_strength_direction": "Improving", "price_momentum": -0.196653, "excess_performance": -0.258147, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.06094, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.083875, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.202475, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.023615, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.232264, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.06098, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.196653, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.902098, "read": "Supply-led" } ], "volume": { "latest": 12034066, "relative_activity": 1.392582, "balance": 0.902098, "dry_up": 1.293464, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.05045, "annualized_volatility": 0.323854, "from_high_reference": -0.285106, "from_low_reference": 0.094463 }, "levels": { "trend_reference": 57.248707, "fair_value_reference": 67.408533, "structural_low": 49.119999, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": -0.000398, "positive_rate": 0.48, "directional_follow_through": 0.52, "median_excess_return": -0.014071, "regime_survival": 0.84, "best_return": 0.235556, "worst_return": -0.297161, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.122849, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.050181, "regime_survival": 0.625, "best_return": 0.222279, "worst_return": -0.303334, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.107908, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.181153, "regime_survival": 0.25, "best_return": 0.588296, "worst_return": -0.390207, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.145769, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.274583, "regime_survival": 0.0, "best_return": 0.918378, "worst_return": -0.463285, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-15", "end": "2023-10-06", "tenure": "New", "return": -0.098784, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-13", "end": "2023-11-10", "tenure": "Developing", "return": 0.119902, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-17", "end": "2024-01-26", "tenure": "Developing", "return": 0.10084, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-08", "tenure": "Developing", "return": 0.053896, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-04-26", "tenure": "Developing", "return": -0.061276, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-03", "end": "2024-07-12", "tenure": "Developing", "return": 0.191277, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-10-25", "tenure": "Established", "return": 0.046658, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-12-20", "tenure": "Developing", "return": -0.109656, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": 0.010691, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-06-20", "tenure": "Established", "return": -0.128483, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-10-24", "tenure": "Established", "return": 0.05676, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-11-14", "tenure": "New", "return": -0.039931, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2026-02-13", "tenure": "Established", "return": -0.057464, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-08-07", "tenure": "Established", "return": -0.184713, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 47.619999, "volume": 10754953, "typical_volume": 12659677.8, "trend": 45.908667, "fair_value": 71.827265, "relative_strength": 0.008902, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.152494, "energy": 57.777296, "activity_lines": [ 48.903333, 46.87, 44.561619, 44.524 ] }, { "date": "2023-08-25", "close": 48.599998, "volume": 6505116, "typical_volume": 12431089.25, "trend": 45.595333, "fair_value": 71.762628, "relative_strength": 2.634184, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.219214, "energy": 41.71763, "activity_lines": [ 48.788666, 47.561636, 45.006571, 44.697634 ] }, { "date": "2023-09-01", "close": 52.32, "volume": 10619597, "typical_volume": 12333952.25, "trend": 45.358333, "fair_value": 71.713504, "relative_strength": 9.168645, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.575972, "energy": 44.966797, "activity_lines": [ 49.903999, 48.776364, 45.778476, 45.131484 ] }, { "date": "2023-09-08", "close": 51.240002, "volume": 9195551, "typical_volume": 12192076.45, "trend": 45.187667, "fair_value": 71.597842, "relative_strength": 8.06539, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.642051, "energy": 47.250601, "activity_lines": [ 50.470667, 49.533273, 46.429048, 45.510946 ] }, { "date": "2023-09-15", "close": 52.639999, "volume": 11543977, "typical_volume": 12031925.9, "trend": 45.164667, "fair_value": 71.461987, "relative_strength": 10.58308, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.880206, "energy": 61.100691, "activity_lines": [ 51.329333, 50.328727, 47.195619, 45.991742 ] }, { "date": "2023-09-22", "close": 50.299999, "volume": 9217786, "typical_volume": 12037397.95, "trend": 45.191167, "fair_value": 71.308995, "relative_strength": 7.374063, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.247862, "energy": 55.668841, "activity_lines": [ 51.268, 50.510363, 47.715286, 46.323054 ] }, { "date": "2023-09-29", "close": 49.299999, "volume": 15931447, "typical_volume": 11751954.3, "trend": 45.1355, "fair_value": 71.133141, "relative_strength": 5.900075, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.462542, "energy": 38.299987, "activity_lines": [ 50.694666, 50.386363, 48.112619, 46.58814 ] }, { "date": "2023-10-06", "close": 47.439999, "volume": 10627180, "typical_volume": 11746795.5, "trend": 45.205333, "fair_value": 70.936816, "relative_strength": 1.88268, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.960009, "energy": 24.948321, "activity_lines": [ 49.454666, 49.908727, 48.284428, 46.736817 ] }, { "date": "2023-10-13", "close": 49.040001, "volume": 12599277, "typical_volume": 11741773.65, "trend": 45.365, "fair_value": 70.764102, "relative_strength": 3.567261, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.462175, "energy": 18.646402, "activity_lines": [ 49.073333, 49.759272, 48.568238, 46.984215 ] }, { "date": "2023-10-20", "close": 45.560001, "volume": 9226446, "typical_volume": 11062269.95, "trend": 45.583667, "fair_value": 70.576666, "relative_strength": 1.204158, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.794813, "energy": 16.612316, "activity_lines": [ 47.678667, 48.969454, 48.471571, 46.996796 ] }, { "date": "2023-10-27", "close": 45.130001, "volume": 14216809, "typical_volume": 11197100.9, "trend": 45.671, "fair_value": 70.417884, "relative_strength": 1.430619, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.483321, "energy": 13.070038, "activity_lines": [ 46.612667, 48.192, 48.305286, 46.967527 ] }, { "date": "2023-11-03", "close": 54.0, "volume": 13247640, "typical_volume": 11165333.1, "trend": 46.042333, "fair_value": 70.259872, "relative_strength": 16.464772, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.653505, "energy": 19.385448, "activity_lines": [ 48.848001, 49.072546, 48.974191, 47.504882 ] }, { "date": "2023-11-10", "close": 54.919998, "volume": 11858261, "typical_volume": 11257489.85, "trend": 46.258333, "fair_value": 70.10797, "relative_strength": 18.86018, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.76366, "energy": 33.674373, "activity_lines": [ 51.076666, 50.022182, 49.664857, 48.077634 ] }, { "date": "2023-11-17", "close": 61.880001, "volume": 19783698, "typical_volume": 11606173.4, "trend": 46.734333, "fair_value": 69.988184, "relative_strength": 28.157482, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.128843, "energy": 73.662437, "activity_lines": [ 55.126667, 52.19, 50.937524, 49.085484 ] }, { "date": "2023-11-24", "close": 61.759998, "volume": 9049216, "typical_volume": 11468647.25, "trend": 47.206667, "fair_value": 69.901602, "relative_strength": 25.590631, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.05058, "energy": 82.521673, "activity_lines": [ 58.280666, 54.142545, 52.091524, 50.054882 ] }, { "date": "2023-12-01", "close": 63.240002, "volume": 13440491, "typical_volume": 11506175.7, "trend": 47.827667, "fair_value": 69.847265, "relative_strength": 26.803841, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.332513, "energy": 86.838783, "activity_lines": [ 60.848, 56.198364, 53.293714, 51.08929 ] }, { "date": "2023-12-08", "close": 65.099998, "volume": 15956538, "typical_volume": 11561567.1, "trend": 48.693, "fair_value": 69.808483, "relative_strength": 26.502403, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.60851, "energy": 88.774539, "activity_lines": [ 62.827999, 58.357091, 54.579, 52.203634 ] }, { "date": "2023-12-15", "close": 70.120003, "volume": 16672914, "typical_volume": 11904233.15, "trend": 49.731667, "fair_value": 69.806795, "relative_strength": 31.480942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.168038, "energy": 91.271764, "activity_lines": [ 65.741334, 61.141273, 56.263095, 53.586022 ] }, { "date": "2023-12-22", "close": 71.260002, "volume": 6349973, "typical_volume": 11845226.9, "trend": 50.815667, "fair_value": 69.810598, "relative_strength": 33.457325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.721676, "energy": 90.117946, "activity_lines": [ 68.021335, 63.720364, 57.957524, 54.974946 ] }, { "date": "2023-12-29", "close": 71.519997, "volume": 3052994, "typical_volume": 11492493.2, "trend": 51.881667, "fair_value": 69.810833, "relative_strength": 32.077388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.708095, "energy": 86.98483, "activity_lines": [ 69.762667, 65.942727, 59.568905, 56.31071 ] }, { "date": "2024-01-05", "close": 67.839996, "volume": 6290088, "typical_volume": 11269249.95, "trend": 52.705666, "fair_value": 69.806816, "relative_strength": 27.986837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.319714, "energy": 77.52967, "activity_lines": [ 69.626665, 67.023999, 60.729904, 57.340279 ] }, { "date": "2024-01-12", "close": 68.459999, "volume": 7020850, "typical_volume": 11295036.65, "trend": 53.648667, "fair_value": 69.784765, "relative_strength": 27.820654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.015563, "energy": 62.641378, "activity_lines": [ 69.390665, 67.80509, 61.853666, 58.356688 ] }, { "date": "2024-01-19", "close": 63.880001, "volume": 9387635, "typical_volume": 11233438.55, "trend": 54.513333, "fair_value": 69.732713, "relative_strength": 22.038962, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.314653, "energy": 47.643951, "activity_lines": [ 67.403999, 67.490545, 62.446666, 59.016774 ] }, { "date": "2024-01-26", "close": 68.120003, "volume": 7405254, "typical_volume": 11143923.7, "trend": 55.472, "fair_value": 69.721303, "relative_strength": 25.926757, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.846464, "energy": 40.692469, "activity_lines": [ 67.246667, 67.784, 63.388429, 59.894624 ] }, { "date": "2024-02-02", "close": 68.279999, "volume": 8143094, "typical_volume": 10973879.55, "trend": 56.338667, "fair_value": 69.701837, "relative_strength": 26.029745, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.049596, "energy": 39.342209, "activity_lines": [ 67.352, 67.993091, 64.265048, 60.720946 ] }, { "date": "2024-02-09", "close": 63.880001, "volume": 7777644, "typical_volume": 10901872.45, "trend": 57.018333, "fair_value": 69.664102, "relative_strength": 18.530214, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.688579, "energy": 28.288834, "activity_lines": [ 66.206667, 67.283636, 64.648143, 61.207484 ] }, { "date": "2024-02-16", "close": 66.900002, "volume": 13372677, "typical_volume": 10773933.95, "trend": 57.633333, "fair_value": 69.664102, "relative_strength": 20.810339, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.889489, "energy": 31.872106, "activity_lines": [ 66.332001, 67.111637, 65.254191, 61.845011 ] }, { "date": "2024-02-23", "close": 65.480003, "volume": 7022347, "typical_volume": 10593692.3, "trend": 58.166333, "fair_value": 69.651367, "relative_strength": 16.524233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.612654, "energy": 25.883743, "activity_lines": [ 66.088002, 66.648728, 65.641191, 62.351248 ] }, { "date": "2024-03-01", "close": 67.360001, "volume": 8229627, "typical_volume": 10375209.8, "trend": 58.791, "fair_value": 69.641923, "relative_strength": 18.134966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.809804, "energy": 24.410065, "activity_lines": [ 66.364002, 66.612001, 66.121334, 62.944387 ] }, { "date": "2024-03-08", "close": 71.959999, "volume": 11991941, "typical_volume": 10513484.55, "trend": 59.505, "fair_value": 69.640919, "relative_strength": 24.024289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.247381, "energy": 42.385479, "activity_lines": [ 68.224001, 67.482546, 66.952334, 63.794 ] }, { "date": "2024-03-15", "close": 71.480003, "volume": 13406257, "typical_volume": 10472956.95, "trend": 60.300334, "fair_value": 69.636196, "relative_strength": 20.267976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.676867, "energy": 47.176875, "activity_lines": [ 69.678668, 68.25782, 67.611905, 64.566581 ] }, { "date": "2024-03-22", "close": 77.260002, "volume": 11368560, "typical_volume": 10379002.95, "trend": 61.255667, "fair_value": 69.66938, "relative_strength": 28.710472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.161479, "energy": 75.539363, "activity_lines": [ 72.553335, 70.01782, 68.696477, 65.660753 ] }, { "date": "2024-03-29", "close": 78.68, "volume": 5559233, "typical_volume": 10064051.55, "trend": 62.134334, "fair_value": 69.700021, "relative_strength": 30.626328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.585082, "energy": 83.971871, "activity_lines": [ 75.210668, 71.876001, 69.805525, 66.784904 ] }, { "date": "2024-04-05", "close": 73.5, "volume": 6621655, "typical_volume": 9405949.4, "trend": 62.876334, "fair_value": 69.675448, "relative_strength": 21.730704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.241963, "energy": 73.181687, "activity_lines": [ 75.261334, 72.523274, 70.308096, 67.518173 ] }, { "date": "2024-04-12", "close": 67.620003, "volume": 12113616, "typical_volume": 9559169.4, "trend": 63.375667, "fair_value": 69.587649, "relative_strength": 11.411031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.856786, "energy": 43.056742, "activity_lines": [ 72.942668, 72.003638, 70.195334, 67.824216 ] }, { "date": "2024-04-19", "close": 66.779999, "volume": 10569980, "typical_volume": 9415643.85, "trend": 63.925, "fair_value": 69.487414, "relative_strength": 9.763802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.953884, "energy": 20.503542, "activity_lines": [ 70.633334, 71.343274, 69.974667, 68.04385 ] }, { "date": "2024-04-26", "close": 67.099998, "volume": 9477075, "typical_volume": 9091670.7, "trend": 64.518334, "fair_value": 69.396496, "relative_strength": 7.442727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.88535, "energy": 18.980601, "activity_lines": [ 68.744, 70.688364, 69.76762, 68.248689 ] }, { "date": "2024-05-03", "close": 70.160004, "volume": 9171672, "typical_volume": 8716608.6, "trend": 65.275667, "fair_value": 69.313119, "relative_strength": 12.43901, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.400155, "energy": 21.057804, "activity_lines": [ 68.552001, 70.586183, 69.842477, 68.612667 ] }, { "date": "2024-05-10", "close": 72.0, "volume": 7268542, "typical_volume": 8762537.05, "trend": 66.041, "fair_value": 69.235555, "relative_strength": 10.675749, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.501247, "energy": 18.02437, "activity_lines": [ 69.541334, 70.733455, 70.092382, 69.046495 ] }, { "date": "2024-05-17", "close": 74.739998, "volume": 9272004, "typical_volume": 9073487.55, "trend": 67.013667, "fair_value": 69.165513, "relative_strength": 14.97622, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.305182, "energy": 26.401861, "activity_lines": [ 71.544, 71.294546, 70.599715, 69.607721 ] }, { "date": "2024-05-24", "close": 71.139999, "volume": 6147548, "typical_volume": 9066360.55, "trend": 67.880667, "fair_value": 69.062778, "relative_strength": 7.674687, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.974048, "energy": 27.081139, "activity_lines": [ 71.872, 71.150545, 70.748858, 69.873936 ] }, { "date": "2024-05-31", "close": 70.660004, "volume": 9235722, "typical_volume": 9177104.15, "trend": 68.436, "fair_value": 68.926624, "relative_strength": 6.978043, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.135382, "energy": 26.258539, "activity_lines": [ 71.749334, 70.925455, 70.836572, 70.053248 ] }, { "date": "2024-06-07", "close": 69.5, "volume": 8428832, "typical_volume": 9129164.0, "trend": 68.922, "fair_value": 68.761026, "relative_strength": 3.829369, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.783782, "energy": 15.897138, "activity_lines": [ 71.002667, 70.609455, 70.803334, 70.121893 ] }, { "date": "2024-06-14", "close": 68.540001, "volume": 7453379, "typical_volume": 9131570.25, "trend": 69.144, "fair_value": 68.598889, "relative_strength": 4.130477, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.282446, "energy": 7.2674, "activity_lines": [ 69.980001, 70.285819, 70.651905, 70.097248 ] }, { "date": "2024-06-21", "close": 69.900002, "volume": 8289108, "typical_volume": 9138870.95, "trend": 69.415334, "fair_value": 68.460641, "relative_strength": 4.89486, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.961315, "energy": 10.829956, "activity_lines": [ 69.641335, 70.299637, 70.628001, 70.146022 ] }, { "date": "2024-06-28", "close": 72.620003, "volume": 7274499, "typical_volume": 9113713.7, "trend": 69.728001, "fair_value": 68.33641, "relative_strength": 8.257396, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.383123, "energy": 11.017653, "activity_lines": [ 70.532002, 70.766547, 70.85543, 70.352775 ] }, { "date": "2024-07-05", "close": 77.980003, "volume": 7600397, "typical_volume": 8825099.7, "trend": 70.157334, "fair_value": 68.208718, "relative_strength": 15.838661, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.151785, "energy": 44.725705, "activity_lines": [ 73.110669, 72.10182, 71.551715, 70.885162 ] }, { "date": "2024-07-12", "close": 83.580002, "volume": 12077203, "typical_volume": 9077842.5, "trend": 70.606001, "fair_value": 68.109658, "relative_strength": 19.575824, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 79.766756, "energy": 74.909176, "activity_lines": [ 77.068002, 74.257456, 72.728573, 71.751141 ] }, { "date": "2024-07-19", "close": 79.300003, "volume": 8606865, "typical_volume": 9096704.4, "trend": 70.874001, "fair_value": 67.982521, "relative_strength": 15.340295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.169624, "energy": 74.009606, "activity_lines": [ 78.660003, 75.390911, 73.411621, 72.312044 ] }, { "date": "2024-07-26", "close": 79.199997, "volume": 4940463, "typical_volume": 8744130.5, "trend": 71.130001, "fair_value": 67.854744, "relative_strength": 14.113788, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.167688, "energy": 75.197528, "activity_lines": [ 79.501334, 76.373456, 74.028287, 72.849205 ] }, { "date": "2024-08-02", "close": 80.739998, "volume": 5803020, "typical_volume": 8363968.65, "trend": 71.560001, "fair_value": 67.707778, "relative_strength": 20.677559, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.043066, "energy": 75.721924, "activity_lines": [ 80.236, 77.55491, 74.757144, 73.469205 ] }, { "date": "2024-08-09", "close": 81.540001, "volume": 8881341, "typical_volume": 8239607.7, "trend": 71.996001, "fair_value": 67.543718, "relative_strength": 21.409618, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.901304, "energy": 62.128307, "activity_lines": [ 80.696, 78.707273, 75.518096, 74.113076 ] }, { "date": "2024-08-16", "close": 80.0, "volume": 5200321, "typical_volume": 8221662.1, "trend": 72.533334, "fair_value": 67.369145, "relative_strength": 14.854213, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.344052, "energy": 46.863357, "activity_lines": [ 80.405333, 79.381819, 76.112001, 74.629463 ] }, { "date": "2024-08-23", "close": 81.919998, "volume": 6217594, "typical_volume": 8201459.05, "trend": 72.993334, "fair_value": 67.227607, "relative_strength": 15.648282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.330755, "energy": 48.879105, "activity_lines": [ 80.993332, 80.214545, 76.882477, 75.235054 ] }, { "date": "2024-08-30", "close": 80.5, "volume": 5096748, "typical_volume": 7850615.65, "trend": 73.400667, "fair_value": 67.104316, "relative_strength": 11.489184, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.728654, "energy": 43.144765, "activity_lines": [ 80.933333, 80.545818, 77.477619, 75.719355 ] }, { "date": "2024-09-06", "close": 83.699997, "volume": 5505567, "typical_volume": 7597395.0, "trend": 74.061334, "fair_value": 67.022051, "relative_strength": 20.444093, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.655632, "energy": 47.619197, "activity_lines": [ 81.853332, 81.266181, 78.316191, 76.383828 ] }, { "date": "2024-09-13", "close": 87.480003, "volume": 7901453, "typical_volume": 7518613.9, "trend": 74.747334, "fair_value": 66.978547, "relative_strength": 22.78168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.771116, "energy": 62.292913, "activity_lines": [ 83.836, 82.472363, 79.434191, 77.249549 ] }, { "date": "2024-09-20", "close": 86.040001, "volume": 8758033, "typical_volume": 7497931.95, "trend": 75.432667, "fair_value": 66.940342, "relative_strength": 17.422347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.824127, "energy": 59.763016, "activity_lines": [ 84.942667, 83.244, 80.318, 77.978108 ] }, { "date": "2024-09-27", "close": 88.419998, "volume": 5748291, "typical_volume": 7421919.4, "trend": 76.134667, "fair_value": 66.922308, "relative_strength": 17.071441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.118974, "energy": 74.334336, "activity_lines": [ 86.44, 84.403636, 81.352857, 78.816 ] }, { "date": "2024-10-04", "close": 88.0, "volume": 7832970, "typical_volume": 7349967.7, "trend": 76.669334, "fair_value": 66.915684, "relative_strength": 17.183451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.110332, "energy": 73.555776, "activity_lines": [ 87.364, 85.321091, 82.269524, 79.581506 ] }, { "date": "2024-10-11", "close": 85.480003, "volume": 7144354, "typical_volume": 7399808.0, "trend": 77.136001, "fair_value": 66.834145, "relative_strength": 13.685345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.185705, "energy": 57.628205, "activity_lines": [ 86.948001, 85.620364, 82.883048, 80.149936 ] }, { "date": "2024-10-18", "close": 83.32, "volume": 4515314, "typical_volume": 7163787.6, "trend": 77.338, "fair_value": 66.713761, "relative_strength": 9.833393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.606018, "energy": 43.665577, "activity_lines": [ 85.693334, 85.440728, 83.222572, 80.548904 ] }, { "date": "2024-10-25", "close": 83.0, "volume": 8579818, "typical_volume": 7171336.9, "trend": 77.482, "fair_value": 66.581068, "relative_strength": 8.781429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.591228, "energy": 28.449812, "activity_lines": [ 84.609334, 85.170546, 83.471334, 80.914194 ] }, { "date": "2024-11-01", "close": 85.540001, "volume": 7043925, "typical_volume": 7150864.2, "trend": 77.883334, "fair_value": 66.439017, "relative_strength": 13.052143, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.788251, "energy": 22.951244, "activity_lines": [ 84.574667, 85.307637, 83.897715, 81.434065 ] }, { "date": "2024-11-08", "close": 87.019997, "volume": 8246506, "typical_volume": 7148734.1, "trend": 78.53, "fair_value": 66.299616, "relative_strength": 14.341834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.729718, "energy": 26.765724, "activity_lines": [ 85.225333, 85.648, 84.384095, 82.023527 ] }, { "date": "2024-11-15", "close": 83.139999, "volume": 5322998, "typical_volume": 7051159.05, "trend": 79.075334, "fair_value": 66.065684, "relative_strength": 11.007867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.578024, "energy": 20.850607, "activity_lines": [ 84.647999, 85.164363, 84.419428, 82.320946 ] }, { "date": "2024-11-22", "close": 82.0, "volume": 6171994, "typical_volume": 6979738.9, "trend": 79.572, "fair_value": 65.855214, "relative_strength": 8.961738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.333413, "energy": 15.413255, "activity_lines": [ 83.846666, 84.483636, 84.296095, 82.509634 ] }, { "date": "2024-11-29", "close": 83.919998, "volume": 7956375, "typical_volume": 6773697.5, "trend": 80.030667, "fair_value": 65.684829, "relative_strength": 11.147168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.967345, "energy": 10.269353, "activity_lines": [ 83.773332, 84.251636, 84.336476, 82.79015 ] }, { "date": "2024-12-06", "close": 82.599998, "volume": 6322912, "typical_volume": 6659499.85, "trend": 80.384, "fair_value": 65.519872, "relative_strength": 4.964741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.435049, "energy": 12.047307, "activity_lines": [ 83.198665, 83.818181, 84.249523, 82.955914 ] }, { "date": "2024-12-13", "close": 77.660004, "volume": 10521543, "typical_volume": 6938553.85, "trend": 80.481334, "fair_value": 65.326239, "relative_strength": 0.85936, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.855892, "energy": 18.410539, "activity_lines": [ 81.173334, 82.592363, 83.676381, 82.780172 ] }, { "date": "2024-12-20", "close": 76.160004, "volume": 11488532, "typical_volume": 7222829.45, "trend": 80.648667, "fair_value": 65.132821, "relative_strength": 2.124391, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.950919, "energy": 46.305573, "activity_lines": [ 79.272002, 81.281819, 82.967715, 82.501377 ] }, { "date": "2024-12-27", "close": 76.699997, "volume": 1346197, "typical_volume": 6846072.25, "trend": 80.85, "fair_value": 64.92812, "relative_strength": 2.142897, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.974431, "energy": 54.403544, "activity_lines": [ 78.016, 80.238909, 82.332286, 82.246624 ] }, { "date": "2025-01-03", "close": 76.199997, "volume": 3064791, "typical_volume": 6739295.75, "trend": 81.073334, "fair_value": 64.754615, "relative_strength": 0.534363, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.357828, "energy": 62.699001, "activity_lines": [ 76.946666, 79.225454, 81.672285, 81.946623 ] }, { "date": "2025-01-10", "close": 70.0, "volume": 8594578, "typical_volume": 6858144.95, "trend": 81.122, "fair_value": 64.59094, "relative_strength": -8.01862, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.145073, "energy": 74.416234, "activity_lines": [ 74.325333, 77.208363, 80.439905, 81.232215 ] }, { "date": "2025-01-17", "close": 77.519997, "volume": 9526777, "typical_volume": 7079646.4, "trend": 81.376, "fair_value": 64.474829, "relative_strength": -1.896748, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.488339, "energy": 64.085903, "activity_lines": [ 75.050665, 76.84109, 79.980476, 80.999828 ] }, { "date": "2025-01-24", "close": 77.519997, "volume": 9475570, "typical_volume": 7278146.55, "trend": 81.539333, "fair_value": 64.34312, "relative_strength": -3.837435, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.090161, "energy": 46.908715, "activity_lines": [ 75.785331, 76.646544, 79.535237, 80.751053 ] }, { "date": "2025-01-31", "close": 79.199997, "volume": 9108729, "typical_volume": 7338510.35, "trend": 81.58, "fair_value": 64.209786, "relative_strength": -1.834561, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.526175, "energy": 31.218964, "activity_lines": [ 76.989331, 76.859635, 79.279428, 80.600128 ] }, { "date": "2025-02-07", "close": 79.839996, "volume": 9112736, "typical_volume": 7356245.5, "trend": 81.455333, "fair_value": 64.060897, "relative_strength": -0.083969, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.262091, "energy": 21.1533, "activity_lines": [ 78.239997, 77.239998, 79.123999, 80.48787 ] }, { "date": "2025-02-14", "close": 79.260002, "volume": 9359592, "typical_volume": 7536810.55, "trend": 81.453999, "fair_value": 63.940342, "relative_strength": -3.714919, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.865861, "energy": 20.799389, "activity_lines": [ 79.054665, 77.589089, 78.942856, 80.346236 ] }, { "date": "2025-02-21", "close": 74.760002, "volume": 6831910, "typical_volume": 7486757.55, "trend": 81.306, "fair_value": 63.800128, "relative_strength": -9.455841, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.794581, "energy": 21.969186, "activity_lines": [ 77.752, 77.180726, 78.376761, 79.914365 ] }, { "date": "2025-02-28", "close": 76.239998, "volume": 11163838, "typical_volume": 7687731.75, "trend": 81.156, "fair_value": 63.680086, "relative_strength": -7.714324, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.698464, "energy": 22.404762, "activity_lines": [ 77.126666, 77.094181, 78.014666, 79.587526 ] }, { "date": "2025-03-07", "close": 67.139999, "volume": 14521842, "typical_volume": 8188058.15, "trend": 80.675999, "fair_value": 63.47906, "relative_strength": -18.640609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.480645, "energy": 63.376343, "activity_lines": [ 73.553333, 75.351635, 76.829904, 78.683268 ] }, { "date": "2025-03-14", "close": 66.68, "volume": 9557280, "typical_volume": 8236931.25, "trend": 80.231999, "fair_value": 63.218889, "relative_strength": -17.611605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.823562, "energy": 80.010437, "activity_lines": [ 70.630666, 73.699272, 75.67838, 77.7803 ] }, { "date": "2025-03-21", "close": 64.059998, "volume": 12384864, "typical_volume": 8503978.2, "trend": 79.636666, "fair_value": 62.994915, "relative_strength": -18.936478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.273553, "energy": 87.077586, "activity_lines": [ 67.711999, 71.743635, 74.355047, 76.736945 ] }, { "date": "2025-03-28", "close": 62.84, "volume": 14510071, "typical_volume": 8817156.45, "trend": 79.047999, "fair_value": 62.738974, "relative_strength": -17.424146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.913159, "energy": 88.994457, "activity_lines": [ 65.399999, 69.674181, 73.017809, 75.65329 ] }, { "date": "2025-04-04", "close": 65.080002, "volume": 17483288, "typical_volume": 9425170.95, "trend": 78.427333, "fair_value": 62.52859, "relative_strength": -4.875765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.28293, "energy": 80.859324, "activity_lines": [ 64.629334, 68.278909, 72.009047, 74.752128 ] }, { "date": "2025-04-11", "close": 63.360001, "volume": 20139887, "typical_volume": 10123565.6, "trend": 77.623333, "fair_value": 62.336453, "relative_strength": -7.048402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.456733, "energy": 71.001545, "activity_lines": [ 64.029334, 66.797091, 70.922476, 73.780042 ] }, { "date": "2025-04-18", "close": 66.919998, "volume": 7438347, "typical_volume": 10097664.2, "trend": 76.985999, "fair_value": 62.218633, "relative_strength": -5.180492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.695979, "energy": 53.767113, "activity_lines": [ 64.868, 66.250545, 70.263714, 73.089505 ] }, { "date": "2025-04-25", "close": 68.139999, "volume": 5974599, "typical_volume": 10080248.55, "trend": 76.309999, "fair_value": 62.130214, "relative_strength": -6.402488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.778152, "energy": 43.399019, "activity_lines": [ 66.097333, 66.160727, 69.802095, 72.518795 ] }, { "date": "2025-05-02", "close": 69.120003, "volume": 5517747, "typical_volume": 9830058.75, "trend": 75.680666, "fair_value": 62.113889, "relative_strength": -6.45459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.364906, "energy": 31.397465, "activity_lines": [ 67.381334, 66.451273, 69.502666, 72.054924 ] }, { "date": "2025-05-09", "close": 66.620003, "volume": 9036473, "typical_volume": 9707455.8, "trend": 75.052, "fair_value": 62.091688, "relative_strength": -9.327081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.043177, "energy": 24.56613, "activity_lines": [ 67.413335, 66.389819, 69.00581, 71.470365 ] }, { "date": "2025-05-16", "close": 66.519997, "volume": 10671439, "typical_volume": 10173717.9, "trend": 74.491999, "fair_value": 62.043205, "relative_strength": -12.702469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.135066, "energy": 23.234727, "activity_lines": [ 67.309333, 66.485091, 68.544857, 70.919914 ] }, { "date": "2025-05-23", "close": 65.18, "volume": 7751568, "typical_volume": 10408056.75, "trend": 73.897999, "fair_value": 61.989039, "relative_strength": -12.190422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.186817, "energy": 28.152124, "activity_lines": [ 66.548, 66.348, 68.004762, 70.319139 ] }, { "date": "2025-05-30", "close": 67.18, "volume": 6861888, "typical_volume": 10321422.25, "trend": 73.285999, "fair_value": 61.995577, "relative_strength": -10.080919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.137914, "energy": 29.93042, "activity_lines": [ 66.569333, 66.601818, 67.707619, 69.88572 ] }, { "date": "2025-06-06", "close": 67.0, "volume": 4952992, "typical_volume": 10092733.0, "trend": 72.618666, "fair_value": 62.046282, "relative_strength": -11.232309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.40266, "energy": 29.356755, "activity_lines": [ 66.594666, 66.766182, 67.406762, 69.480172 ] }, { "date": "2025-06-13", "close": 63.459999, "volume": 8735129, "typical_volume": 10055710.95, "trend": 71.962666, "fair_value": 62.10718, "relative_strength": -13.753518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.034927, "energy": 36.997158, "activity_lines": [ 65.581333, 66.211273, 66.818857, 68.88929 ] }, { "date": "2025-06-20", "close": 67.559998, "volume": 8087286, "typical_volume": 10004638.8, "trend": 71.481333, "fair_value": 62.208526, "relative_strength": -7.740083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.427508, "energy": 26.468909, "activity_lines": [ 66.145332, 66.431272, 66.688381, 68.605247 ] }, { "date": "2025-06-27", "close": 70.120003, "volume": 6695595, "typical_volume": 9883781.75, "trend": 71.021333, "fair_value": 62.335064, "relative_strength": -6.4825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.399053, "energy": 9.303136, "activity_lines": [ 67.493334, 67.040364, 66.857143, 68.517419 ] }, { "date": "2025-07-04", "close": 71.400002, "volume": 6924955, "typical_volume": 9762049.9, "trend": 70.648, "fair_value": 62.465962, "relative_strength": -4.888993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.513328, "energy": 7.778558, "activity_lines": [ 68.938668, 67.824, 67.194095, 68.541849 ] }, { "date": "2025-07-11", "close": 67.660004, "volume": 4416917, "typical_volume": 9641300.25, "trend": 70.314666, "fair_value": 62.537308, "relative_strength": -10.724583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.562907, "energy": 16.262987, "activity_lines": [ 68.856002, 67.868365, 67.212286, 68.349076 ] }, { "date": "2025-07-18", "close": 68.400002, "volume": 7199093, "typical_volume": 9443063.0, "trend": 70.056, "fair_value": 62.565898, "relative_strength": -9.573634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.736427, "energy": 16.096112, "activity_lines": [ 68.976002, 68.07382, 67.334763, 68.225549 ] }, { "date": "2025-07-25", "close": 70.080002, "volume": 5109616, "typical_volume": 8972451.7, "trend": 69.835333, "fair_value": 62.60109, "relative_strength": -9.247265, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.689479, "energy": 15.792901, "activity_lines": [ 69.326669, 68.552365, 67.654572, 68.227097 ] }, { "date": "2025-08-01", "close": 66.459999, "volume": 4673797, "typical_volume": 8728277.55, "trend": 69.510667, "fair_value": 62.638846, "relative_strength": -11.089618, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.40146, "energy": 12.384127, "activity_lines": [ 68.302668, 68.308001, 67.61562, 68.009334 ] }, { "date": "2025-08-08", "close": 69.139999, "volume": 3834089, "typical_volume": 8300738.8, "trend": 69.482, "fair_value": 62.633974, "relative_strength": -9.580856, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.232268, "energy": 8.633995, "activity_lines": [ 68.416, 68.527637, 67.832953, 67.98542 ] }, { "date": "2025-08-15", "close": 67.379997, "volume": 3670926, "typical_volume": 7758781.55, "trend": 69.144, "fair_value": 62.667115, "relative_strength": -12.794916, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.56608, "energy": 8.961761, "activity_lines": [ 68.093332, 68.391637, 67.858477, 67.849807 ] }, { "date": "2025-08-22", "close": 69.5, "volume": 5599124, "typical_volume": 7164573.35, "trend": 68.876667, "fair_value": 62.730192, "relative_strength": -11.318904, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.92765, "energy": 6.330195, "activity_lines": [ 68.495999, 68.634182, 68.064286, 67.872774 ] }, { "date": "2025-08-29", "close": 67.300003, "volume": 7037667, "typical_volume": 6509462.35, "trend": 68.48, "fair_value": 62.790385, "relative_strength": -11.731087, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.459078, "energy": 8.295574, "activity_lines": [ 68.092, 68.36691, 68.039524, 67.771054 ] }, { "date": "2025-09-05", "close": 67.919998, "volume": 6961487, "typical_volume": 6485619.35, "trend": 68.082667, "fair_value": 62.846859, "relative_strength": -10.483064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.778484, "energy": 2.714422, "activity_lines": [ 68.08, 68.217091, 68.055048, 67.734925 ] }, { "date": "2025-09-12", "close": 67.239998, "volume": 4356215, "typical_volume": 6404700.15, "trend": 67.682, "fair_value": 62.924551, "relative_strength": -11.131122, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.988285, "energy": 7.343462, "activity_lines": [ 67.743999, 67.983636, 68.001048, 67.680559 ] }, { "date": "2025-09-19", "close": 67.739998, "volume": 5851933, "typical_volume": 6421409.45, "trend": 67.448, "fair_value": 63.053974, "relative_strength": -10.378793, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 13.312696, "energy": 9.317505, "activity_lines": [ 67.701332, 67.916726, 67.998952, 67.684301 ] }, { "date": "2025-09-26", "close": 65.639999, "volume": 8269697, "typical_volume": 6383070.65, "trend": 67.094667, "fair_value": 63.187853, "relative_strength": -12.587863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.692411, "energy": 17.462081, "activity_lines": [ 66.934665, 67.466544, 67.803428, 67.567656 ] }, { "date": "2025-10-03", "close": 66.139999, "volume": 7912234, "typical_volume": 6245110.4, "trend": 67.061333, "fair_value": 63.363718, "relative_strength": -14.08814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.407506, "energy": 22.484206, "activity_lines": [ 66.591999, 67.157453, 67.66019, 67.506064 ] }, { "date": "2025-10-10", "close": 66.959999, "volume": 6747046, "typical_volume": 6194884.3, "trend": 67.070667, "fair_value": 63.528397, "relative_strength": -11.83513, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.479825, "energy": 20.272976, "activity_lines": [ 66.599999, 67.06909, 67.596857, 67.499527 ] }, { "date": "2025-10-17", "close": 72.239998, "volume": 8054579, "typical_volume": 6254518.85, "trend": 67.343333, "fair_value": 63.752468, "relative_strength": -4.315699, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.389687, "energy": 23.23743, "activity_lines": [ 68.431999, 67.931635, 68.027904, 67.833032 ] }, { "date": "2025-10-24", "close": 74.099998, "volume": 7511881, "typical_volume": 6382463.3, "trend": 67.718667, "fair_value": 63.975288, "relative_strength": -4.506073, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.726297, "energy": 54.719448, "activity_lines": [ 70.550665, 69.075999, 68.611999, 68.268946 ] }, { "date": "2025-10-31", "close": 69.620003, "volume": 6414106, "typical_volume": 6266412.15, "trend": 67.87, "fair_value": 64.15843, "relative_strength": -9.116489, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.826221, "energy": 50.57967, "activity_lines": [ 70.752, 69.283636, 68.735619, 68.391613 ] }, { "date": "2025-11-07", "close": 68.239998, "volume": 7020372, "typical_volume": 6213066.45, "trend": 68.032667, "fair_value": 64.274071, "relative_strength": -9.241099, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.33491, "energy": 43.955522, "activity_lines": [ 70.227999, 69.238181, 68.698476, 68.415483 ] }, { "date": "2025-11-14", "close": 66.839996, "volume": 7915273, "typical_volume": 6274050.35, "trend": 68.03, "fair_value": 64.406987, "relative_strength": -11.326744, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.771329, "energy": 20.379862, "activity_lines": [ 69.097332, 68.921089, 68.524761, 68.338537 ] }, { "date": "2025-11-21", "close": 67.519997, "volume": 8830039, "typical_volume": 6369304.55, "trend": 68.009333, "fair_value": 64.53375, "relative_strength": -8.015667, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.672077, "energy": 13.884796, "activity_lines": [ 68.201331, 68.747271, 68.431427, 68.305634 ] }, { "date": "2025-11-28", "close": 67.919998, "volume": 5517976, "typical_volume": 6424357.5, "trend": 67.969333, "fair_value": 64.660256, "relative_strength": -9.830344, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.353862, "energy": 11.48784, "activity_lines": [ 67.753331, 68.641089, 68.394665, 68.29987 ] }, { "date": "2025-12-05", "close": 66.919998, "volume": 5359300, "typical_volume": 6332367.85, "trend": 67.979333, "fair_value": 64.767564, "relative_strength": -11.88224, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.469704, "energy": 14.47424, "activity_lines": [ 67.383998, 68.349816, 68.261427, 68.232171 ] }, { "date": "2025-12-12", "close": 66.0, "volume": 7015966, "typical_volume": 6427685.35, "trend": 67.962, "fair_value": 64.872692, "relative_strength": -12.483373, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.13141, "energy": 29.283969, "activity_lines": [ 66.887998, 67.867998, 68.047618, 68.104472 ] }, { "date": "2025-12-19", "close": 66.0, "volume": 9492034, "typical_volume": 6668597.2, "trend": 67.989333, "fair_value": 64.979936, "relative_strength": -12.633101, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.24085, "energy": 43.929352, "activity_lines": [ 66.541332, 67.388726, 67.853237, 67.977892 ] }, { "date": "2025-12-26", "close": 66.099998, "volume": 1688876, "typical_volume": 6561336.55, "trend": 67.953333, "fair_value": 65.092628, "relative_strength": -12.258549, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.457743, "energy": 44.431206, "activity_lines": [ 66.283999, 66.945089, 67.67057, 67.855999 ] }, { "date": "2026-01-02", "close": 67.480003, "volume": 3405666, "typical_volume": 6548073.55, "trend": 67.969333, "fair_value": 65.193782, "relative_strength": -10.976603, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.945599, "energy": 34.598651, "activity_lines": [ 66.581334, 66.863999, 67.633809, 67.825462 ] }, { "date": "2026-01-09", "close": 71.040001, "volume": 5241477, "typical_volume": 6530191.2, "trend": 68.222, "fair_value": 65.281218, "relative_strength": -8.966614, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -11.647535, "energy": 7.343327, "activity_lines": [ 68.094667, 67.550545, 67.935618, 68.023569 ] }, { "date": "2026-01-16", "close": 68.199997, "volume": 7164685, "typical_volume": 6536542.1, "trend": 68.243333, "fair_value": 65.359679, "relative_strength": -14.008075, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.547893, "energy": 10.931256, "activity_lines": [ 68.386666, 67.694908, 67.959618, 68.02215 ] }, { "date": "2026-01-23", "close": 66.220001, "volume": 6327255, "typical_volume": 6504830.5, "trend": 68.113333, "fair_value": 65.412372, "relative_strength": -15.358663, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.833868, "energy": 20.176324, "activity_lines": [ 67.872, 67.48, 67.790761, 67.891612 ] }, { "date": "2026-01-30", "close": 67.040001, "volume": 6130681, "typical_volume": 6593553.8, "trend": 67.967999, "fair_value": 65.461154, "relative_strength": -14.199828, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.310365, "energy": 16.793588, "activity_lines": [ 67.616, 67.425455, 67.708095, 67.822365 ] }, { "date": "2026-02-06", "close": 66.919998, "volume": 8246887, "typical_volume": 6713301.5, "trend": 67.943333, "fair_value": 65.528846, "relative_strength": -16.382019, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.782773, "energy": 21.694963, "activity_lines": [ 67.257333, 67.357818, 67.614952, 67.754752 ] }, { "date": "2026-02-13", "close": 63.639999, "volume": 14398785, "typical_volume": 7019755.9, "trend": 67.784666, "fair_value": 65.594936, "relative_strength": -19.936189, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.802924, "energy": 50.287081, "activity_lines": [ 65.842666, 66.712, 67.213333, 67.477117 ] }, { "date": "2026-02-20", "close": 65.940002, "volume": 11806162, "typical_volume": 7214452.3, "trend": 67.646666, "fair_value": 65.700288, "relative_strength": -18.211687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.239836, "energy": 47.421969, "activity_lines": [ 65.688, 66.544, 67.040285, 67.358107 ] }, { "date": "2026-02-27", "close": 67.919998, "volume": 10680107, "typical_volume": 7411105.35, "trend": 67.695332, "fair_value": 65.808942, "relative_strength": -16.423433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.032943, "energy": 32.726202, "activity_lines": [ 66.343999, 66.737091, 67.056761, 67.375741 ] }, { "date": "2026-03-06", "close": 64.660004, "volume": 10507278, "typical_volume": 7533740.3, "trend": 67.545999, "fair_value": 65.932756, "relative_strength": -15.397341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.332841, "energy": 42.470976, "activity_lines": [ 65.800001, 66.302546, 66.75819, 67.179914 ] }, { "date": "2026-03-13", "close": 61.240002, "volume": 8611650, "typical_volume": 7588728.75, "trend": 67.341333, "fair_value": 66.041667, "relative_strength": -19.062882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.505271, "energy": 50.160908, "activity_lines": [ 64.274668, 65.272364, 66.17, 66.773075 ] }, { "date": "2026-03-20", "close": 56.439999, "volume": 8589755, "typical_volume": 7697511.2, "trend": 66.905999, "fair_value": 66.153461, "relative_strength": -21.113854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.674769, "energy": 75.493252, "activity_lines": [ 61.528001, 63.48291, 65.185905, 66.069763 ] }, { "date": "2026-03-27", "close": 53.560001, "volume": 14583707, "typical_volume": 8075677.95, "trend": 66.447999, "fair_value": 66.224295, "relative_strength": -24.770814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.637069, "energy": 88.754902, "activity_lines": [ 58.301334, 61.435273, 63.990286, 65.208731 ] }, { "date": "2026-04-03", "close": 56.779999, "volume": 11060928, "typical_volume": 8232960.7, "trend": 66.076666, "fair_value": 66.313526, "relative_strength": -22.426269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.783919, "energy": 83.525401, "activity_lines": [ 56.973334, 60.239273, 63.171238, 64.584989 ] }, { "date": "2026-04-10", "close": 58.919998, "volume": 9684732, "typical_volume": 8275695.35, "trend": 65.799333, "fair_value": 66.380705, "relative_strength": -22.700922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.660818, "energy": 81.942384, "activity_lines": [ 57.101333, 59.604, 62.603905, 64.123269 ] }, { "date": "2026-04-17", "close": 61.900002, "volume": 10766641, "typical_volume": 8538128.6, "trend": 65.604666, "fair_value": 66.472372, "relative_strength": -20.072989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.446327, "energy": 59.152889, "activity_lines": [ 58.605333, 59.658182, 62.361334, 63.871699 ] }, { "date": "2026-04-24", "close": 56.560001, "volume": 8634267, "typical_volume": 8701876.95, "trend": 65.302, "fair_value": 66.529872, "relative_strength": -24.472301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.696628, "energy": 48.115064, "activity_lines": [ 58.285334, 58.832728, 61.638857, 63.288172 ] }, { "date": "2026-05-01", "close": 54.939999, "volume": 5024637, "typical_volume": 8602310.5, "trend": 64.928666, "fair_value": 66.59609, "relative_strength": -25.058783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.990938, "energy": 49.794814, "activity_lines": [ 57.417333, 57.841455, 60.811429, 62.619656 ] }, { "date": "2026-05-08", "close": 51.601215, "volume": 15904578, "typical_volume": 8922937.7, "trend": 64.416707, "fair_value": 66.675969, "relative_strength": -29.324386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.279379, "energy": 58.97508, "activity_lines": [ 55.344405, 56.44313, 59.718687, 61.75982 ] }, { "date": "2026-05-15", "close": 52.099998, "volume": 10751888, "typical_volume": 9376088.3, "trend": 63.745373, "fair_value": 66.7602, "relative_strength": -27.236282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.702667, "energy": 78.660396, "activity_lines": [ 53.78299, 55.432198, 58.742015, 60.965194 ] }, { "date": "2026-05-22", "close": 53.040001, "volume": 9672336, "typical_volume": 9689421.8, "trend": 63.043374, "fair_value": 66.851867, "relative_strength": -27.952173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.690813, "energy": 77.581057, "activity_lines": [ 52.989576, 54.82054, 57.921533, 60.274525 ] }, { "date": "2026-05-29", "close": 53.02, "volume": 8551830, "typical_volume": 9854939.45, "trend": 62.49004, "fair_value": 66.938277, "relative_strength": -27.195345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.328235, "energy": 74.063077, "activity_lines": [ 52.780162, 54.354336, 57.167908, 59.627855 ] }, { "date": "2026-06-05", "close": 50.279999, "volume": 1854641, "typical_volume": 9589437.25, "trend": 61.891374, "fair_value": 66.984174, "relative_strength": -29.870697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.039032, "energy": 72.519955, "activity_lines": [ 51.893414, 53.452132, 56.23914, 58.840111 ] }, { "date": "2026-06-12", "close": 51.419998, "volume": 2017652, "typical_volume": 9373957.1, "trend": 61.377374, "fair_value": 67.05629, "relative_strength": -27.653906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.077016, "energy": 57.273989, "activity_lines": [ 51.697332, 52.816837, 55.504277, 58.164538 ] }, { "date": "2026-06-19", "close": 50.400002, "volume": 8597531, "typical_volume": 9497299.6, "trend": 60.806707, "fair_value": 67.136162, "relative_strength": -29.846079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.998249, "energy": 59.68941, "activity_lines": [ 51.173333, 52.093543, 54.742748, 57.456321 ] }, { "date": "2026-06-26", "close": 51.040001, "volume": 1137805, "typical_volume": 9141845.5, "trend": 60.24404, "fair_value": 67.211033, "relative_strength": -27.664103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.243201, "energy": 58.751572, "activity_lines": [ 50.976, 51.641521, 54.121409, 56.826211 ] }, { "date": "2026-07-03", "close": 54.419998, "volume": 1898517, "typical_volume": 8516832.1, "trend": 59.827374, "fair_value": 67.288854, "relative_strength": -24.336131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.395273, "energy": 42.990334, "activity_lines": [ 52.038666, 52.001498, 53.897593, 56.450466 ] }, { "date": "2026-07-10", "close": 53.060001, "volume": 7979144, "typical_volume": 8325481.2, "trend": 59.396041, "fair_value": 67.3502, "relative_strength": -23.966671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.888132, "energy": 35.626467, "activity_lines": [ 52.554667, 52.153113, 53.588159, 56.013861 ] }, { "date": "2026-07-17", "close": 50.419998, "volume": 14044552, "typical_volume": 8493703.45, "trend": 58.876707, "fair_value": 67.362828, "relative_strength": -26.342691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.917899, "energy": 37.193644, "activity_lines": [ 52.005333, 51.858909, 53.088629, 55.434762 ] }, { "date": "2026-07-24", "close": 49.860001, "volume": 10058768, "typical_volume": 8471277.95, "trend": 58.335374, "fair_value": 67.3652, "relative_strength": -27.636767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.342594, "energy": 43.266931, "activity_lines": [ 51.336, 51.484363, 52.6191, 54.853039 ] }, { "date": "2026-07-31", "close": 52.16, "volume": 8572748, "typical_volume": 8469332.85, "trend": 57.824707, "fair_value": 67.387892, "relative_strength": -24.717982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.936142, "energy": 39.358024, "activity_lines": [ 51.469333, 51.568727, 52.439094, 54.454628 ] }, { "date": "2026-08-07", "close": 53.759998, "volume": 12034066, "typical_volume": 8641548.4, "trend": 57.248707, "fair_value": 67.408533, "relative_strength": -23.226351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.385424, "energy": 32.23144, "activity_lines": [ 52.061333, 51.96, 52.454707, 54.192388 ] } ], "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." } } }