{ "ticker": { "uuid": "b334985b-795c-4a7d-914d-73cc5d2c0a88", "symbol": "LNN", "name": "Lindsay Corporation", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 66.545, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -30.301, "architecture_energy": 19.636, "architecture_maturity": 21.465, "architecture_confidence": 59.123, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 45.55, "rotation_up": 15.69, "upward_expansion": 16.5, "deceleration": 59.22, "rotation_down": 50.36, "downward_expansion": 61.83 }, "activity_lines": [ 114.024, 115.855091, 114.237773, 115.14593 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 116.06, "trend_reference": 117.765882, "distance_from_trend": -0.014485, "trend_direction": "Weakening", "fair_value": 121.970146, "distance_from_fair_value": -0.048456, "fair_value_direction": "Improving", "relative_strength": -14.892885, "relative_strength_direction": "Improving", "price_momentum": -0.12865, "excess_performance": -0.254275, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.014485, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.001047, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.048456, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.061587, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.148929, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.089853, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.12865, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.634369, "read": "Demand-led" } ], "volume": { "latest": 532541, "relative_activity": 0.630228, "balance": 1.634369, "dry_up": 0.680817, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.06455, "annualized_volatility": 0.315823, "from_high_reference": -0.21307, "from_low_reference": 0.197365 }, "levels": { "trend_reference": 117.765882, "fair_value_reference": 121.970146, "structural_low": 96.929509, "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": 14, "median_return": -0.014478, "positive_rate": 0.357143, "directional_follow_through": 0.357143, "median_excess_return": -0.015929, "regime_survival": 0.571429, "best_return": 0.111594, "worst_return": -0.071997, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.006588, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.018361, "regime_survival": 0.142857, "best_return": 0.064719, "worst_return": -0.192078, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.081286, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.159107, "regime_survival": 0.2, "best_return": 0.05314, "worst_return": -0.21297, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.16282, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.06796, "regime_survival": 0.0, "best_return": 0.1884, "worst_return": -0.178774, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": 0.012173, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-17", "end": "2024-07-05", "tenure": "Developing", "return": -0.028193, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-12", "end": "2024-11-22", "tenure": "Established", "return": 0.115955, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-03-14", "tenure": "Established", "return": -0.014665, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-05-16", "tenure": "Developing", "return": 0.120391, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-10-17", "tenure": "Established", "return": -0.056262, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": -0.046133, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-01-16", "tenure": "Developing", "return": 0.125795, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.073786, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.148118, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.124873, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-07-03", "tenure": "Established", "return": 0.112363, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-07-17", "tenure": "New", "return": 0.015112, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.018428, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 118.283944, "volume": 224356, "typical_volume": 442906.8, "trend": 128.609216, "fair_value": 137.263865, "relative_strength": -22.136024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.960572, "energy": 14.975439, "activity_lines": [ 122.530781, 121.736954, 120.57039, 123.141201 ] }, { "date": "2023-08-25", "close": 118.593892, "volume": 283650, "typical_volume": 412930.95, "trend": 127.654818, "fair_value": 137.408805, "relative_strength": -22.021924, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.927638, "energy": 18.622115, "activity_lines": [ 120.965882, 121.271109, 120.419105, 122.495051 ] }, { "date": "2023-09-01", "close": 122.826621, "volume": 271619, "typical_volume": 388154.5, "trend": 126.734847, "fair_value": 137.595852, "relative_strength": -20.721325, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.135051, "energy": 16.631875, "activity_lines": [ 121.087395, 121.653501, 120.698779, 122.183555 ] }, { "date": "2023-09-08", "close": 116.792319, "volume": 216130, "typical_volume": 367516.85, "trend": 125.623983, "fair_value": 137.758468, "relative_strength": -23.127962, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.145904, "energy": 28.851498, "activity_lines": [ 119.440619, 120.9004, 120.407131, 121.542101 ] }, { "date": "2023-09-15", "close": 110.603043, "volume": 660621, "typical_volume": 378110.55, "trend": 124.261032, "fair_value": 137.874888, "relative_strength": -26.562515, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.466258, "energy": 50.206665, "activity_lines": [ 116.275739, 118.994128, 119.555112, 120.573008 ] }, { "date": "2023-09-22", "close": 111.116394, "volume": 335574, "typical_volume": 376966.2, "trend": 123.153699, "fair_value": 138.010357, "relative_strength": -23.469027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.081471, "energy": 59.625459, "activity_lines": [ 114.174549, 117.277114, 118.778988, 119.724967 ] }, { "date": "2023-09-29", "close": 113.983414, "volume": 260343, "typical_volume": 375668.8, "trend": 121.889623, "fair_value": 138.152673, "relative_strength": -20.390891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.858251, "energy": 64.046284, "activity_lines": [ 113.506869, 116.249095, 118.306941, 119.133336 ] }, { "date": "2023-10-06", "close": 111.261682, "volume": 243111, "typical_volume": 370374.85, "trend": 120.967217, "fair_value": 138.223138, "relative_strength": -22.000813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.025337, "energy": 67.511288, "activity_lines": [ 112.23931, 114.885179, 117.583059, 118.447662 ] }, { "date": "2023-10-13", "close": 107.542305, "volume": 197137, "typical_volume": 356735.65, "trend": 120.121458, "fair_value": 138.268011, "relative_strength": -24.266568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.173716, "energy": 69.502472, "activity_lines": [ 110.502955, 113.121596, 116.521464, 117.581539 ] }, { "date": "2023-10-20", "close": 111.978437, "volume": 1093701, "typical_volume": 399725.8, "trend": 119.129531, "fair_value": 138.307446, "relative_strength": -18.53431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.071972, "energy": 38.194112, "activity_lines": [ 110.861978, 112.481398, 115.920445, 117.056183 ] }, { "date": "2023-10-27", "close": 121.683687, "volume": 751927, "typical_volume": 423379.3, "trend": 118.334316, "fair_value": 138.451663, "relative_strength": -8.58538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.296625, "energy": 17.334231, "activity_lines": [ 114.364392, 113.824213, 116.284201, 117.220967 ] }, { "date": "2023-11-03", "close": 124.1439, "volume": 504365, "typical_volume": 421958.6, "trend": 118.324428, "fair_value": 138.567875, "relative_strength": -11.167188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.225683, "energy": 10.339981, "activity_lines": [ 117.98239, 115.552526, 116.879133, 117.595779 ] }, { "date": "2023-11-10", "close": 119.058814, "volume": 390440, "typical_volume": 423104.45, "trend": 118.175211, "fair_value": 138.62927, "relative_strength": -15.231795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.306781, "energy": 14.160712, "activity_lines": [ 119.227994, 116.255369, 116.983942, 117.643159 ] }, { "date": "2023-11-17", "close": 123.257842, "volume": 380794, "typical_volume": 403749.35, "trend": 118.187149, "fair_value": 138.730418, "relative_strength": -13.401838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.231738, "energy": 24.177583, "activity_lines": [ 121.353465, 117.790176, 117.496557, 117.97107 ] }, { "date": "2023-11-24", "close": 118.372208, "volume": 226462, "typical_volume": 397763.3, "trend": 118.257083, "fair_value": 138.800672, "relative_strength": -16.78413, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.493137, "energy": 17.849111, "activity_lines": [ 120.802689, 118.319132, 117.505791, 117.983009 ] }, { "date": "2023-12-01", "close": 116.264489, "volume": 375757, "typical_volume": 394581.7, "trend": 118.211498, "fair_value": 138.824598, "relative_strength": -18.075402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.014514, "energy": 7.076781, "activity_lines": [ 119.123089, 118.323609, 117.302417, 117.854455 ] }, { "date": "2023-12-08", "close": 117.090094, "volume": 376325, "typical_volume": 386410.15, "trend": 118.263412, "fair_value": 138.848791, "relative_strength": -16.800494, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.204262, "energy": 4.882275, "activity_lines": [ 118.07997, 118.384593, 117.197083, 117.782106 ] }, { "date": "2023-12-15", "close": 129.901527, "volume": 1102390, "typical_volume": 421302.1, "trend": 118.769148, "fair_value": 138.926106, "relative_strength": -9.037459, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.929093, "energy": 17.122017, "activity_lines": [ 121.777582, 120.718444, 118.338725, 118.532953 ] }, { "date": "2023-12-22", "close": 129.81411, "volume": 379065, "typical_volume": 427089.3, "trend": 119.244927, "fair_value": 138.987421, "relative_strength": -9.084211, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.689363, "energy": 48.538822, "activity_lines": [ 124.723208, 122.697495, 119.45572, 119.245531 ] }, { "date": "2023-12-29", "close": 125.452978, "volume": 248489, "typical_volume": 426112.8, "trend": 119.410823, "fair_value": 139.013818, "relative_strength": -11.590831, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.894975, "energy": 53.284022, "activity_lines": [ 125.778039, 123.478671, 120.134287, 119.64605 ] }, { "date": "2024-01-05", "close": 129.182766, "volume": 530327, "typical_volume": 441411.35, "trend": 119.682696, "fair_value": 138.970033, "relative_strength": -6.912464, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.281427, "energy": 61.354751, "activity_lines": [ 127.604081, 124.692999, 121.161114, 120.276498 ] }, { "date": "2024-01-12", "close": 125.569534, "volume": 424540, "typical_volume": 448455.85, "trend": 119.771027, "fair_value": 138.938385, "relative_strength": -10.446415, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.206757, "energy": 50.243462, "activity_lines": [ 127.364494, 125.114028, 121.791924, 120.656294 ] }, { "date": "2024-01-19", "close": 125.899776, "volume": 359370, "typical_volume": 452843.4, "trend": 119.943769, "fair_value": 138.837772, "relative_strength": -10.689087, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.181605, "energy": 42.762979, "activity_lines": [ 126.669692, 125.569181, 122.420969, 121.051697 ] }, { "date": "2024-01-26", "close": 129.522721, "volume": 353466, "typical_volume": 459710.2, "trend": 120.419171, "fair_value": 138.821415, "relative_strength": -8.438767, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.875509, "energy": 48.162472, "activity_lines": [ 127.449321, 126.558669, 123.380422, 121.669694 ] }, { "date": "2024-02-02", "close": 127.920077, "volume": 266736, "typical_volume": 440015.95, "trend": 120.820548, "fair_value": 138.727758, "relative_strength": -10.17684, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.756398, "energy": 38.370261, "activity_lines": [ 127.714162, 127.142862, 124.126621, 122.153624 ] }, { "date": "2024-02-09", "close": 126.764232, "volume": 290009, "typical_volume": 437737.7, "trend": 121.03466, "fair_value": 138.559367, "relative_strength": -11.492384, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.474989, "energy": 36.893579, "activity_lines": [ 127.429248, 127.343302, 124.680277, 122.537087 ] }, { "date": "2024-02-16", "close": 120.229799, "volume": 312435, "typical_volume": 440342.3, "trend": 120.951439, "fair_value": 138.324944, "relative_strength": -14.987102, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.129231, "energy": 17.895695, "activity_lines": [ 125.127425, 126.16476, 124.537094, 122.485161 ] }, { "date": "2024-02-23", "close": 118.651929, "volume": 380575, "typical_volume": 447215.5, "trend": 120.69071, "fair_value": 138.113347, "relative_strength": -16.71076, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.30347, "energy": 13.744817, "activity_lines": [ 122.655627, 124.642247, 124.213892, 122.336805 ] }, { "date": "2024-03-01", "close": 117.366257, "volume": 453838, "typical_volume": 460050.55, "trend": 120.437348, "fair_value": 137.89903, "relative_strength": -17.553214, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -22.206431, "energy": 26.075486, "activity_lines": [ 120.238463, 123.090513, 123.733053, 122.122324 ] }, { "date": "2024-03-08", "close": 111.980072, "volume": 332763, "typical_volume": 422003.65, "trend": 120.036962, "fair_value": 137.586062, "relative_strength": -20.353686, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -37.55467, "energy": 44.256021, "activity_lines": [ 116.836334, 120.785798, 122.692464, 121.576693 ] }, { "date": "2024-03-15", "close": 112.057991, "volume": 651447, "typical_volume": 416979.65, "trend": 119.82943, "fair_value": 137.29792, "relative_strength": -19.54503, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.70186, "energy": 62.654894, "activity_lines": [ 114.522845, 118.740211, 121.659288, 121.061921 ] }, { "date": "2024-03-22", "close": 110.334022, "volume": 335022, "typical_volume": 408512.5, "trend": 119.554101, "fair_value": 136.995936, "relative_strength": -21.676155, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.017958, "energy": 67.342984, "activity_lines": [ 112.615116, 116.692536, 120.507761, 120.449314 ] }, { "date": "2024-03-29", "close": 114.600115, "volume": 310157, "typical_volume": 404498.35, "trend": 119.279884, "fair_value": 136.71499, "relative_strength": -18.112027, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.284088, "energy": 62.480182, "activity_lines": [ 112.789136, 115.697522, 119.82829, 120.129702 ] }, { "date": "2024-04-05", "close": 113.226784, "volume": 696173, "typical_volume": 420267.3, "trend": 119.161033, "fair_value": 136.439194, "relative_strength": -17.83688, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.890357, "energy": 53.520332, "activity_lines": [ 112.7755, 114.658261, 119.039257, 119.73918 ] }, { "date": "2024-04-12", "close": 111.551514, "volume": 469597, "typical_volume": 432424.05, "trend": 119.192649, "fair_value": 136.155267, "relative_strength": -17.3401, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.578587, "energy": 38.700529, "activity_lines": [ 112.479406, 113.610695, 118.138442, 119.248243 ] }, { "date": "2024-04-19", "close": 114.317657, "volume": 521379, "typical_volume": 439705.15, "trend": 119.299358, "fair_value": 135.872996, "relative_strength": -12.148125, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.897896, "energy": 37.9686, "activity_lines": [ 113.13393, 113.363674, 117.533548, 118.933727 ] }, { "date": "2024-04-26", "close": 113.217044, "volume": 427287, "typical_volume": 442253.25, "trend": 119.273812, "fair_value": 135.593012, "relative_strength": -14.85719, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -44.664554, "energy": 32.754841, "activity_lines": [ 113.270938, 113.142843, 116.833105, 118.54132 ] }, { "date": "2024-05-03", "close": 115.213731, "volume": 468070, "typical_volume": 410537.25, "trend": 119.405547, "fair_value": 135.292157, "relative_strength": -13.462673, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -40.661147, "energy": 27.518353, "activity_lines": [ 113.881308, 113.412551, 116.341265, 118.279379 ] }, { "date": "2024-05-10", "close": 116.616282, "volume": 406144, "typical_volume": 411891.2, "trend": 119.708013, "fair_value": 135.028102, "relative_strength": -13.626869, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -36.280788, "energy": 19.839718, "activity_lines": [ 114.918286, 113.999781, 116.052944, 118.099427 ] }, { "date": "2024-05-17", "close": 114.344218, "volume": 394287, "typical_volume": 419181.1, "trend": 119.786872, "fair_value": 134.781762, "relative_strength": -16.301411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.399081, "energy": 19.121917, "activity_lines": [ 114.971944, 114.187544, 115.611083, 117.753375 ] }, { "date": "2024-05-24", "close": 111.335417, "volume": 405987, "typical_volume": 412964.1, "trend": 119.44193, "fair_value": 134.494676, "relative_strength": -18.082223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.010172, "energy": 25.659314, "activity_lines": [ 113.836487, 113.785268, 114.935568, 117.20812 ] }, { "date": "2024-05-31", "close": 112.165768, "volume": 357408, "typical_volume": 409607.5, "trend": 119.042659, "fair_value": 134.192853, "relative_strength": -16.692058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.659767, "energy": 31.052002, "activity_lines": [ 113.17663, 113.547102, 114.424121, 116.73869 ] }, { "date": "2024-06-07", "close": 111.188884, "volume": 470168, "typical_volume": 415147.4, "trend": 118.780328, "fair_value": 133.900998, "relative_strength": -17.966136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.847876, "energy": 43.207633, "activity_lines": [ 112.261231, 113.098017, 113.883465, 116.231995 ] }, { "date": "2024-06-14", "close": 115.272257, "volume": 541067, "typical_volume": 424527.45, "trend": 118.514142, "fair_value": 133.704618, "relative_strength": -15.879219, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.307163, "energy": 32.326162, "activity_lines": [ 112.975278, 113.453385, 113.801754, 116.005668 ] }, { "date": "2024-06-21", "close": 111.47218, "volume": 1327172, "typical_volume": 477549.25, "trend": 118.284141, "fair_value": 133.441144, "relative_strength": -18.691266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.491376, "energy": 32.160594, "activity_lines": [ 112.512236, 113.08064, 113.42599, 115.551348 ] }, { "date": "2024-06-28", "close": 120.039449, "volume": 1246353, "typical_volume": 525366.45, "trend": 118.409973, "fair_value": 133.206388, "relative_strength": -12.106211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.025758, "energy": 5.948687, "activity_lines": [ 115.096418, 114.267023, 113.944479, 115.664594 ] }, { "date": "2024-07-05", "close": 111.120502, "volume": 533103, "typical_volume": 536399.85, "trend": 118.210986, "fair_value": 132.930021, "relative_strength": -19.749576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.033093, "energy": 14.819961, "activity_lines": [ 114.12735, 113.727747, 113.645568, 115.194305 ] }, { "date": "2024-07-12", "close": 114.822891, "volume": 517835, "typical_volume": 543262.85, "trend": 117.708365, "fair_value": 132.717509, "relative_strength": -17.444605, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.690197, "energy": 9.823187, "activity_lines": [ 114.462095, 113.899751, 113.742643, 114.975718 ] }, { "date": "2024-07-19", "close": 116.327292, "volume": 442623, "typical_volume": 542702.1, "trend": 117.258805, "fair_value": 132.498896, "relative_strength": -14.266733, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.97377, "energy": 9.21566, "activity_lines": [ 115.056041, 114.352388, 114.001228, 114.886617 ] }, { "date": "2024-07-26", "close": 122.012754, "volume": 387455, "typical_volume": 545436.7, "trend": 117.144131, "fair_value": 132.304205, "relative_strength": -8.924064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.522762, "energy": 18.926904, "activity_lines": [ 117.474804, 115.844001, 114.806233, 115.193323 ] }, { "date": "2024-08-02", "close": 117.802386, "volume": 364125, "typical_volume": 531070.6, "trend": 116.764784, "fair_value": 132.017116, "relative_strength": -9.721268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.083245, "energy": 19.119046, "activity_lines": [ 117.787407, 116.430664, 115.162475, 115.235791 ] }, { "date": "2024-08-09", "close": 113.396641, "volume": 351334, "typical_volume": 531886.2, "trend": 116.359021, "fair_value": 131.689931, "relative_strength": -12.636255, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.214593, "energy": 13.249238, "activity_lines": [ 116.780566, 116.098701, 115.071769, 115.018492 ] }, { "date": "2024-08-16", "close": 118.759732, "volume": 284174, "typical_volume": 530587.05, "trend": 116.12102, "fair_value": 131.446092, "relative_strength": -11.600866, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.581562, "energy": 21.707503, "activity_lines": [ 117.409679, 116.719466, 115.477249, 115.173376 ] }, { "date": "2024-08-23", "close": 119.847293, "volume": 256183, "typical_volume": 508587.55, "trend": 115.798506, "fair_value": 131.19479, "relative_strength": -11.610574, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.474714, "energy": 15.22196, "activity_lines": [ 118.138856, 117.400318, 115.966499, 115.413781 ] }, { "date": "2024-08-30", "close": 121.542321, "volume": 232517, "typical_volume": 496733.55, "trend": 115.585914, "fair_value": 130.980359, "relative_strength": -10.174151, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.068403, "energy": 31.648629, "activity_lines": [ 119.198376, 118.306174, 116.585654, 115.78435 ] }, { "date": "2024-09-06", "close": 112.165779, "volume": 221430, "typical_volume": 481736.1, "trend": 115.099299, "fair_value": 130.736337, "relative_strength": -13.120893, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.480451, "energy": 13.401278, "activity_lines": [ 117.163744, 117.324111, 116.26423, 115.563696 ] }, { "date": "2024-09-13", "close": 117.975904, "volume": 281019, "typical_volume": 474422.7, "trend": 115.024169, "fair_value": 130.550632, "relative_strength": -11.841672, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.816328, "energy": 16.229968, "activity_lines": [ 117.441594, 117.541592, 116.506398, 115.749283 ] }, { "date": "2024-09-20", "close": 120.915258, "volume": 510056, "typical_volume": 476522.0, "trend": 115.099613, "fair_value": 130.394793, "relative_strength": -10.559117, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.981506, "energy": 23.292214, "activity_lines": [ 118.393945, 118.168857, 117.005843, 116.129354 ] }, { "date": "2024-09-27", "close": 121.630501, "volume": 230129, "typical_volume": 467721.25, "trend": 115.241755, "fair_value": 130.22813, "relative_strength": -10.119836, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.496575, "energy": 25.063005, "activity_lines": [ 119.441009, 118.815396, 117.546256, 116.550701 ] }, { "date": "2024-10-04", "close": 120.797684, "volume": 187028, "typical_volume": 457358.3, "trend": 115.535675, "fair_value": 130.023422, "relative_strength": -10.595024, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.574257, "energy": 41.758983, "activity_lines": [ 120.091586, 119.214092, 117.983477, 116.909148 ] }, { "date": "2024-10-11", "close": 119.651336, "volume": 191782, "typical_volume": 446648.05, "trend": 115.788787, "fair_value": 129.809112, "relative_strength": -12.121059, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.376882, "energy": 42.99048, "activity_lines": [ 120.409689, 119.426453, 118.28079, 117.174675 ] }, { "date": "2024-10-18", "close": 113.792222, "volume": 348856, "typical_volume": 446220.45, "trend": 115.90406, "fair_value": 129.65323, "relative_strength": -16.629999, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.726558, "energy": 12.755696, "activity_lines": [ 118.275718, 118.539903, 117.980493, 117.045864 ] }, { "date": "2024-10-25", "close": 118.955689, "volume": 543327, "typical_volume": 449878.4, "trend": 116.049246, "fair_value": 129.52856, "relative_strength": -11.318603, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.855169, "energy": 13.769283, "activity_lines": [ 118.141814, 118.584974, 118.16421, 117.242743 ] }, { "date": "2024-11-01", "close": 117.368437, "volume": 251133, "typical_volume": 435381.7, "trend": 116.187301, "fair_value": 129.308874, "relative_strength": -10.653582, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.798599, "energy": 14.49964, "activity_lines": [ 117.609464, 118.33789, 118.159775, 117.327853 ] }, { "date": "2024-11-08", "close": 123.815422, "volume": 454592, "typical_volume": 391752.7, "trend": 116.596098, "fair_value": 129.139346, "relative_strength": -9.517748, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.346355, "energy": 21.109473, "activity_lines": [ 119.510247, 119.308055, 118.759357, 117.819989 ] }, { "date": "2024-11-15", "close": 121.101418, "volume": 367951, "typical_volume": 347832.6, "trend": 116.822223, "fair_value": 128.947975, "relative_strength": -9.083602, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.414622, "energy": 27.055668, "activity_lines": [ 120.305179, 119.743436, 119.041685, 118.110655 ] }, { "date": "2024-11-22", "close": 128.13717, "volume": 368806, "typical_volume": 339617.75, "trend": 117.319561, "fair_value": 128.849494, "relative_strength": -4.989763, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.77324, "energy": 51.467572, "activity_lines": [ 123.34869, 121.295578, 119.989027, 118.840652 ] }, { "date": "2024-11-29", "close": 130.466044, "volume": 329366, "typical_volume": 330194.3, "trend": 117.827971, "fair_value": 128.774486, "relative_strength": -4.066099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.472329, "energy": 64.890146, "activity_lines": [ 126.212162, 123.086402, 121.077136, 119.688812 ] }, { "date": "2024-12-06", "close": 127.46897, "volume": 370243, "typical_volume": 326575.3, "trend": 118.189727, "fair_value": 128.685027, "relative_strength": -6.698143, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.714391, "energy": 62.264744, "activity_lines": [ 127.309253, 124.158652, 121.805317, 120.310812 ] }, { "date": "2024-12-13", "close": 128.392658, "volume": 354102, "typical_volume": 324907.65, "trend": 118.658009, "fair_value": 128.615282, "relative_strength": -4.917862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.533387, "energy": 63.991427, "activity_lines": [ 128.040871, 125.292692, 122.568413, 120.969066 ] }, { "date": "2024-12-20", "close": 120.48235, "volume": 645713, "typical_volume": 338987.05, "trend": 118.962906, "fair_value": 128.460834, "relative_strength": -8.528174, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.691168, "energy": 35.463102, "activity_lines": [ 125.83057, 124.850404, 122.547766, 121.086765 ] }, { "date": "2024-12-27", "close": 118.025732, "volume": 137185, "typical_volume": 328279.6, "trend": 119.158239, "fair_value": 128.289724, "relative_strength": -10.441511, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.513143, "energy": 11.954768, "activity_lines": [ 122.842668, 123.946348, 122.280394, 121.026302 ] }, { "date": "2025-01-03", "close": 116.227488, "volume": 186291, "typical_volume": 323385.45, "trend": 119.326192, "fair_value": 128.200161, "relative_strength": -10.70451, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.022958, "energy": 15.217992, "activity_lines": [ 119.929447, 122.638366, 121.819717, 120.837221 ] }, { "date": "2025-01-10", "close": 120.924541, "volume": 418974, "typical_volume": 331525.0, "trend": 119.514601, "fair_value": 128.120016, "relative_strength": -4.774646, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.270799, "energy": 20.715373, "activity_lines": [ 119.531147, 122.233997, 121.818437, 120.940341 ] }, { "date": "2025-01-17", "close": 130.731358, "volume": 373059, "typical_volume": 338552.1, "trend": 120.156574, "fair_value": 128.162121, "relative_strength": 0.405844, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.318576, "energy": 20.680808, "activity_lines": [ 122.838082, 123.54803, 122.746009, 121.664002 ] }, { "date": "2025-01-24", "close": 136.047479, "volume": 408258, "typical_volume": 347893.5, "trend": 120.690175, "fair_value": 128.28902, "relative_strength": 3.11603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.68671, "energy": 52.11331, "activity_lines": [ 127.761144, 125.702885, 124.136122, 122.689222 ] }, { "date": "2025-01-31", "close": 131.861402, "volume": 377832, "typical_volume": 352734.15, "trend": 121.381538, "fair_value": 128.369921, "relative_strength": 1.350533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.953255, "energy": 63.565758, "activity_lines": [ 130.251171, 126.82489, 125.013838, 123.409946 ] }, { "date": "2025-02-07", "close": 127.901335, "volume": 340449, "typical_volume": 344253.8, "trend": 121.817487, "fair_value": 128.407678, "relative_strength": -1.140919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.707615, "energy": 67.081625, "activity_lines": [ 130.498798, 127.159168, 125.448283, 123.830578 ] }, { "date": "2025-02-14", "close": 131.114591, "volume": 309757, "typical_volume": 348235.2, "trend": 122.310396, "fair_value": 128.443147, "relative_strength": 0.115265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.221474, "energy": 67.348194, "activity_lines": [ 131.039254, 128.124306, 126.155486, 124.430392 ] }, { "date": "2025-02-21", "close": 133.400499, "volume": 274242, "typical_volume": 352595.9, "trend": 122.689988, "fair_value": 128.490821, "relative_strength": 3.650274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.849202, "energy": 60.925411, "activity_lines": [ 131.662343, 129.43878, 127.035232, 125.145882 ] }, { "date": "2025-02-28", "close": 130.178551, "volume": 346285, "typical_volume": 360321.05, "trend": 123.102527, "fair_value": 128.485106, "relative_strength": 2.243741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.921734, "energy": 37.736236, "activity_lines": [ 131.033506, 130.076394, 127.548112, 125.629015 ] }, { "date": "2025-03-07", "close": 130.070167, "volume": 393126, "typical_volume": 362534.55, "trend": 123.658311, "fair_value": 128.421301, "relative_strength": 5.357807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.363875, "energy": 34.769574, "activity_lines": [ 130.759804, 130.518006, 128.000541, 126.07854 ] }, { "date": "2025-03-14", "close": 128.552797, "volume": 401225, "typical_volume": 355429.45, "trend": 123.984747, "fair_value": 128.329717, "relative_strength": 6.492234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.339119, "energy": 26.197475, "activity_lines": [ 130.099726, 130.464744, 128.230944, 126.394314 ] }, { "date": "2025-03-21", "close": 125.054962, "volume": 411170, "typical_volume": 363431.3, "trend": 124.158336, "fair_value": 128.173552, "relative_strength": 3.002097, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.824716, "energy": 15.128926, "activity_lines": [ 128.230273, 129.551414, 128.082519, 126.46336 ] }, { "date": "2025-03-28", "close": 124.848048, "volume": 329271, "typical_volume": 357165.25, "trend": 124.268526, "fair_value": 128.039742, "relative_strength": 4.345179, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.827454, "energy": 14.693308, "activity_lines": [ 126.695824, 128.525366, 127.877786, 126.507857 ] }, { "date": "2025-04-04", "close": 118.029735, "volume": 725968, "typical_volume": 375066.1, "trend": 124.463992, "fair_value": 127.907443, "relative_strength": 8.362181, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.949625, "energy": 26.730867, "activity_lines": [ 123.458768, 126.366594, 127.018772, 126.105355 ] }, { "date": "2025-04-11", "close": 124.91702, "volume": 657402, "typical_volume": 389495.9, "trend": 124.695362, "fair_value": 127.809258, "relative_strength": 8.405491, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.123516, "energy": 20.904243, "activity_lines": [ 123.327394, 125.78765, 126.830318, 126.134582 ] }, { "date": "2025-04-18", "close": 122.236989, "volume": 368392, "typical_volume": 391447.2, "trend": 124.73942, "fair_value": 127.70503, "relative_strength": 7.612383, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.164144, "energy": 22.984195, "activity_lines": [ 122.646219, 124.84769, 126.401956, 125.975978 ] }, { "date": "2025-04-25", "close": 126.779247, "volume": 416554, "typical_volume": 393762.75, "trend": 124.911045, "fair_value": 127.690741, "relative_strength": 6.655657, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -11.305357, "energy": 15.900365, "activity_lines": [ 123.900185, 124.836583, 126.445377, 126.107579 ] }, { "date": "2025-05-02", "close": 130.809146, "volume": 246883, "typical_volume": 388401.8, "trend": 125.24476, "fair_value": 127.743221, "relative_strength": 6.891149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.224131, "energy": 16.932591, "activity_lines": [ 126.382497, 125.637009, 126.875881, 126.488102 ] }, { "date": "2025-05-09", "close": 132.119602, "volume": 387155, "typical_volume": 375473.9, "trend": 125.660369, "fair_value": 127.812239, "relative_strength": 8.353822, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.489395, "energy": 25.449468, "activity_lines": [ 128.904222, 126.722816, 127.419684, 126.93164 ] }, { "date": "2025-05-16", "close": 140.110429, "volume": 341316, "typical_volume": 385680.45, "trend": 126.537643, "fair_value": 127.957526, "relative_strength": 8.967158, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.240147, "energy": 53.396778, "activity_lines": [ 133.150232, 129.226208, 128.669103, 127.863902 ] }, { "date": "2025-05-23", "close": 136.297497, "volume": 296887, "typical_volume": 391210.25, "trend": 127.115703, "fair_value": 128.046653, "relative_strength": 8.547793, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.368289, "energy": 62.039635, "activity_lines": [ 135.11237, 130.85379, 129.450219, 128.49357 ] }, { "date": "2025-05-30", "close": 137.700182, "volume": 419228, "typical_volume": 391222.95, "trend": 127.793428, "fair_value": 128.120234, "relative_strength": 7.578082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.39287, "energy": 67.97289, "activity_lines": [ 136.604702, 132.595592, 130.269354, 129.17644 ] }, { "date": "2025-06-06", "close": 133.699567, "volume": 411020, "typical_volume": 393121.0, "trend": 128.122899, "fair_value": 128.217922, "relative_strength": 2.641073, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.425892, "energy": 60.729852, "activity_lines": [ 136.035434, 133.380097, 130.627594, 129.557481 ] }, { "date": "2025-06-13", "close": 132.583346, "volume": 464726, "typical_volume": 395944.4, "trend": 128.50563, "fair_value": 128.335755, "relative_strength": 2.085678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.181206, "energy": 34.470137, "activity_lines": [ 134.901398, 133.800716, 130.865392, 129.845252 ] }, { "date": "2025-06-20", "close": 134.124324, "volume": 438279, "typical_volume": 398966.75, "trend": 128.705202, "fair_value": 128.43635, "relative_strength": 3.270593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.293861, "energy": 28.172851, "activity_lines": [ 134.250104, 134.236902, 131.266446, 130.207748 ] }, { "date": "2025-06-27", "close": 140.959942, "volume": 918539, "typical_volume": 427871.25, "trend": 129.054998, "fair_value": 128.487637, "relative_strength": 4.837833, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.635689, "energy": 33.685415, "activity_lines": [ 136.276424, 135.748522, 132.307736, 130.998377 ] }, { "date": "2025-07-04", "close": 146.481779, "volume": 1055187, "typical_volume": 465142.75, "trend": 129.688759, "fair_value": 128.598921, "relative_strength": 6.832479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.40437, "energy": 53.594424, "activity_lines": [ 139.832526, 137.923695, 133.812731, 132.122685 ] }, { "date": "2025-07-11", "close": 136.455546, "volume": 1012484, "typical_volume": 502054.85, "trend": 129.957522, "fair_value": 128.67213, "relative_strength": -0.303503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.915127, "energy": 49.977852, "activity_lines": [ 139.461111, 137.917688, 134.289669, 132.559252 ] }, { "date": "2025-07-18", "close": 135.507252, "volume": 943308, "typical_volume": 531906.0, "trend": 130.458352, "fair_value": 128.68595, "relative_strength": -1.633068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.406378, "energy": 46.315028, "activity_lines": [ 138.589866, 137.636603, 134.661746, 132.917299 ] }, { "date": "2025-07-25", "close": 136.08018, "volume": 448831, "typical_volume": 534691.25, "trend": 131.060167, "fair_value": 128.613751, "relative_strength": -2.579755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.943356, "energy": 30.776953, "activity_lines": [ 137.71467, 137.398093, 135.063013, 133.279998 ] }, { "date": "2025-08-01", "close": 131.793101, "volume": 376285, "typical_volume": 533444.25, "trend": 131.57902, "fair_value": 128.472907, "relative_strength": -3.21447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.591172, "energy": 16.398152, "activity_lines": [ 135.280057, 136.453391, 135.027367, 133.327284 ] }, { "date": "2025-08-08", "close": 134.213226, "volume": 288812, "typical_volume": 527326.35, "trend": 132.021977, "fair_value": 128.298683, "relative_strength": -3.788403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.387916, "energy": 17.717802, "activity_lines": [ 134.263275, 136.03061, 135.20678, 133.497233 ] }, { "date": "2025-08-15", "close": 137.14701, "volume": 485388, "typical_volume": 535132.2, "trend": 132.235832, "fair_value": 128.161102, "relative_strength": -2.609608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.851849, "energy": 16.980305, "activity_lines": [ 135.042325, 136.204643, 135.62199, 133.82788 ] }, { "date": "2025-08-22", "close": 141.703061, "volume": 371610, "typical_volume": 517414.3, "trend": 132.424351, "fair_value": 128.068586, "relative_strength": 0.301177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.762099, "energy": 25.41948, "activity_lines": [ 137.29396, 137.144369, 136.412542, 134.438669 ] }, { "date": "2025-08-29", "close": 135.918858, "volume": 446490, "typical_volume": 506868.7, "trend": 132.5596, "fair_value": 127.971574, "relative_strength": -3.690036, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.366807, "energy": 23.558943, "activity_lines": [ 137.204474, 136.866608, 136.539489, 134.664121 ] }, { "date": "2025-09-05", "close": 139.137806, "volume": 323838, "typical_volume": 504641.0, "trend": 132.934149, "fair_value": 127.876324, "relative_strength": -1.784309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.199915, "energy": 34.032073, "activity_lines": [ 138.198726, 137.141483, 136.920612, 135.088521 ] }, { "date": "2025-09-12", "close": 138.186978, "volume": 434629, "typical_volume": 505544.75, "trend": 133.169895, "fair_value": 127.833072, "relative_strength": -3.944844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.698491, "energy": 32.239937, "activity_lines": [ 138.386388, 137.276609, 137.1307, 135.427414 ] }, { "date": "2025-09-19", "close": 137.602615, "volume": 549603, "typical_volume": 520680.75, "trend": 133.309965, "fair_value": 127.830213, "relative_strength": -5.451613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.004859, "energy": 22.255975, "activity_lines": [ 138.114345, 137.456303, 137.230811, 135.713395 ] }, { "date": "2025-09-26", "close": 138.34545, "volume": 544835, "typical_volume": 528564.75, "trend": 133.582195, "fair_value": 127.836234, "relative_strength": -4.617829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.908107, "energy": 24.13143, "activity_lines": [ 138.059541, 137.750201, 137.369319, 136.038265 ] }, { "date": "2025-10-03", "close": 139.831118, "volume": 646259, "typical_volume": 543811.9, "trend": 133.90756, "fair_value": 127.800386, "relative_strength": -4.621091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.247672, "energy": 26.143966, "activity_lines": [ 138.7238, 138.262617, 137.619673, 136.441422 ] }, { "date": "2025-10-10", "close": 131.541088, "volume": 528313, "typical_volume": 555383.2, "trend": 134.00717, "fair_value": 127.729164, "relative_strength": -7.990584, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.715108, "energy": 7.178157, "activity_lines": [ 136.363898, 137.199556, 137.08183, 136.288746 ] }, { "date": "2025-10-17", "close": 128.629178, "volume": 618916, "typical_volume": 565367.6, "trend": 134.126311, "fair_value": 127.58948, "relative_strength": -11.540669, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -26.404105, "energy": 27.334312, "activity_lines": [ 133.539807, 135.61164, 136.289311, 135.941779 ] }, { "date": "2025-10-24", "close": 115.505773, "volume": 1648772, "typical_volume": 627255.2, "trend": 133.814901, "fair_value": 127.318829, "relative_strength": -21.817349, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -55.257862, "energy": 65.713016, "activity_lines": [ 126.978435, 131.739177, 134.29014, 134.740454 ] }, { "date": "2025-10-31", "close": 110.177175, "volume": 836319, "typical_volume": 645834.85, "trend": 133.553149, "fair_value": 127.021888, "relative_strength": -25.645334, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.818173, "energy": 89.464728, "activity_lines": [ 120.113986, 127.291356, 131.87012, 133.215439 ] }, { "date": "2025-11-07", "close": 109.820615, "volume": 751112, "typical_volume": 661476.5, "trend": 133.049936, "fair_value": 126.689958, "relative_strength": -24.354202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.348186, "energy": 91.779085, "activity_lines": [ 115.008569, 123.351903, 129.522838, 131.684308 ] }, { "date": "2025-11-14", "close": 109.384819, "volume": 494174, "typical_volume": 640258.25, "trend": 132.62153, "fair_value": 126.314642, "relative_strength": -24.450079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.122495, "energy": 91.352576, "activity_lines": [ 111.758587, 119.807729, 127.249784, 130.157526 ] }, { "date": "2025-11-21", "close": 112.008385, "volume": 767445, "typical_volume": 625871.15, "trend": 132.129168, "fair_value": 125.93483, "relative_strength": -20.785674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.826851, "energy": 87.460781, "activity_lines": [ 110.860211, 117.281529, 125.376951, 128.827646 ] }, { "date": "2025-11-28", "close": 114.214565, "volume": 632951, "typical_volume": 606894.5, "trend": 131.576016, "fair_value": 125.575321, "relative_strength": -21.739839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.504081, "energy": 76.353809, "activity_lines": [ 111.805282, 115.632428, 123.87839, 127.671865 ] }, { "date": "2025-12-05", "close": 118.139977, "volume": 644851, "typical_volume": 591971.65, "trend": 131.110028, "fair_value": 125.274361, "relative_strength": -19.030271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.457029, "energy": 53.695012, "activity_lines": [ 114.144904, 115.122276, 122.859586, 126.805024 ] }, { "date": "2025-12-12", "close": 121.588376, "volume": 613500, "typical_volume": 600205.1, "trend": 130.492626, "fair_value": 125.035114, "relative_strength": -15.907359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.314379, "energy": 35.267341, "activity_lines": [ 117.103138, 115.606477, 122.251903, 126.190724 ] }, { "date": "2025-12-19", "close": 119.84927, "volume": 968280, "typical_volume": 629804.85, "trend": 129.944352, "fair_value": 124.78589, "relative_strength": -16.984221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.068653, "energy": 24.338542, "activity_lines": [ 118.697153, 116.106163, 121.5476, 125.504056 ] }, { "date": "2025-12-26", "close": 118.229417, "volume": 316541, "typical_volume": 631191.3, "trend": 129.295327, "fair_value": 124.540634, "relative_strength": -19.043494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.300574, "energy": 23.260813, "activity_lines": [ 119.053587, 116.523909, 120.7459, 124.748253 ] }, { "date": "2026-01-02", "close": 120.395846, "volume": 422379, "typical_volume": 628040.85, "trend": 128.851869, "fair_value": 124.385833, "relative_strength": -16.528375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.036768, "energy": 21.370328, "activity_lines": [ 119.717429, 117.524638, 120.226639, 124.174093 ] }, { "date": "2026-01-09", "close": 124.361009, "volume": 902682, "typical_volume": 654594.45, "trend": 128.577791, "fair_value": 124.202859, "relative_strength": -14.888537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.648877, "energy": 17.437218, "activity_lines": [ 121.290906, 119.157395, 120.164781, 123.88436 ] }, { "date": "2026-01-16", "close": 123.635553, "volume": 596393, "typical_volume": 662089.6, "trend": 128.228166, "fair_value": 124.089708, "relative_strength": -14.758663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.350853, "energy": 12.859484, "activity_lines": [ 122.20783, 120.400363, 120.116414, 123.565506 ] }, { "date": "2026-01-23", "close": 124.043, "volume": 318101, "typical_volume": 661802.75, "trend": 127.664268, "fair_value": 123.9411, "relative_strength": -13.80931, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.314595, "energy": 13.674332, "activity_lines": [ 123.12409, 121.466232, 120.165342, 123.295496 ] }, { "date": "2026-01-30", "close": 124.490199, "volume": 350152, "typical_volume": 657578.9, "trend": 126.931215, "fair_value": 123.774846, "relative_strength": -13.508426, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.32353, "energy": 14.669494, "activity_lines": [ 123.909835, 122.346898, 120.328741, 123.090717 ] }, { "date": "2026-02-06", "close": 133.195669, "volume": 449098, "typical_volume": 652553.65, "trend": 126.822552, "fair_value": 123.666368, "relative_strength": -7.085776, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.806545, "energy": 45.893535, "activity_lines": [ 127.180017, 124.583434, 121.386455, 123.494875 ] }, { "date": "2026-02-13", "close": 134.487576, "volume": 317937, "typical_volume": 641208.75, "trend": 126.788563, "fair_value": 123.557368, "relative_strength": -4.784923, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.076202, "energy": 58.394223, "activity_lines": [ 130.027514, 126.709751, 122.588193, 123.989393 ] }, { "date": "2026-02-20", "close": 135.703306, "volume": 436184, "typical_volume": 630705.0, "trend": 126.776001, "fair_value": 123.502028, "relative_strength": -4.745778, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.757729, "energy": 59.78641, "activity_lines": [ 132.605149, 128.759881, 123.924086, 124.564538 ] }, { "date": "2026-02-27", "close": 134.228486, "volume": 354370, "typical_volume": 622007.85, "trend": 126.85718, "fair_value": 123.388712, "relative_strength": -5.078993, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.165174, "energy": 61.284426, "activity_lines": [ 133.886661, 130.285226, 125.139176, 125.045343 ] }, { "date": "2026-03-06", "close": 129.146339, "volume": 417374, "typical_volume": 611930.75, "trend": 126.688284, "fair_value": 123.325972, "relative_strength": -6.506643, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.028575, "energy": 41.515291, "activity_lines": [ 132.795092, 130.625105, 125.857455, 125.193031 ] }, { "date": "2026-03-13", "close": 124.941111, "volume": 586372, "typical_volume": 558810.75, "trend": 126.281421, "fair_value": 123.274857, "relative_strength": -7.806728, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.277255, "energy": 19.353629, "activity_lines": [ 129.99137, 130.001907, 126.172774, 125.08031 ] }, { "date": "2026-03-20", "close": 114.567551, "volume": 1355961, "typical_volume": 584792.85, "trend": 125.376904, "fair_value": 123.100698, "relative_strength": -13.525443, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -23.191063, "energy": 19.537031, "activity_lines": [ 124.2801, 127.409967, 125.455204, 124.324576 ] }, { "date": "2026-03-27", "close": 117.307924, "volume": 474330, "typical_volume": 570953.75, "trend": 124.756539, "fair_value": 122.919723, "relative_strength": -9.073337, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.052662, "energy": 28.72273, "activity_lines": [ 120.810288, 125.494338, 124.977715, 123.803997 ] }, { "date": "2026-04-03", "close": 102.659381, "volume": 899683, "typical_volume": 591229.2, "trend": 123.540592, "fair_value": 122.7801, "relative_strength": -22.481081, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -72.723237, "energy": 56.971461, "activity_lines": [ 113.683988, 121.030387, 123.069474, 122.378374 ] }, { "date": "2026-04-10", "close": 109.784353, "volume": 1165766, "typical_volume": 611145.25, "trend": 122.593837, "fair_value": 122.691953, "relative_strength": -19.40788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.824261, "energy": 68.119102, "activity_lines": [ 111.037285, 118.250677, 121.871827, 121.490875 ] }, { "date": "2026-04-17", "close": 107.910934, "volume": 987366, "typical_volume": 628866.0, "trend": 121.604115, "fair_value": 122.595871, "relative_strength": -23.597885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.184325, "energy": 73.984226, "activity_lines": [ 109.056908, 115.397725, 120.506349, 120.543591 ] }, { "date": "2026-04-24", "close": 108.508833, "volume": 927290, "typical_volume": 642987.95, "trend": 120.609561, "fair_value": 122.546093, "relative_strength": -22.981055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.977765, "energy": 70.320018, "activity_lines": [ 108.411176, 113.113205, 119.227832, 119.698734 ] }, { "date": "2026-05-01", "close": 111.279102, "volume": 748101, "typical_volume": 649718.0, "trend": 119.657827, "fair_value": 122.505369, "relative_strength": -21.142807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.84104, "energy": 45.301982, "activity_lines": [ 109.092782, 111.80471, 118.259013, 119.096769 ] }, { "date": "2026-05-08", "close": 108.987153, "volume": 937971, "typical_volume": 648202.55, "trend": 118.906029, "fair_value": 122.46341, "relative_strength": -23.878163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.488378, "energy": 41.767994, "activity_lines": [ 109.412326, 110.523574, 117.121004, 118.408338 ] }, { "date": "2026-05-15", "close": 105.33, "volume": 1001450, "typical_volume": 682448.0, "trend": 118.12939, "fair_value": 122.403157, "relative_strength": -25.88178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.983245, "energy": 42.907625, "activity_lines": [ 108.090968, 109.036435, 115.68642, 117.532465 ] }, { "date": "2026-05-22", "close": 109.19, "volume": 954217, "typical_volume": 709039.9, "trend": 117.918864, "fair_value": 122.362448, "relative_strength": -23.127813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.895865, "energy": 38.179949, "activity_lines": [ 108.353233, 108.684137, 114.68088, 116.95573 ] }, { "date": "2026-05-29", "close": 109.29, "volume": 964377, "typical_volume": 712124.65, "trend": 117.889292, "fair_value": 122.290742, "relative_strength": -23.450241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.83713, "energy": 36.495882, "activity_lines": [ 108.563561, 108.636406, 113.738225, 116.39903 ] }, { "date": "2026-06-05", "close": 112.67, "volume": 1034251, "typical_volume": 734017.55, "trend": 117.984271, "fair_value": 122.237174, "relative_strength": -18.451125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.91567, "energy": 28.202039, "activity_lines": [ 109.848477, 109.299175, 113.189242, 116.062301 ] }, { "date": "2026-06-12", "close": 115.35, "volume": 700427, "typical_volume": 753133.85, "trend": 118.183111, "fair_value": 122.188651, "relative_strength": -16.390846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.767171, "energy": 19.207385, "activity_lines": [ 111.934, 110.533544, 112.947714, 115.892348 ] }, { "date": "2026-06-19", "close": 119.1, "volume": 940485, "typical_volume": 782650.5, "trend": 118.419498, "fair_value": 122.178282, "relative_strength": -13.857371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.169578, "energy": 17.239222, "activity_lines": [ 114.845333, 112.218991, 113.104724, 115.951502 ] }, { "date": "2026-06-26", "close": 124.85, "volume": 943878, "typical_volume": 807389.5, "trend": 118.774012, "fair_value": 122.239752, "relative_strength": -6.914787, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.817052, "energy": 23.658344, "activity_lines": [ 118.755333, 114.780518, 113.83502, 116.366373 ] }, { "date": "2026-07-03", "close": 122.12, "volume": 929561, "typical_volume": 837970.7, "trend": 118.90668, "fair_value": 122.27976, "relative_strength": -10.196604, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 23.330371, "energy": 33.229625, "activity_lines": [ 120.711333, 116.537698, 114.345058, 116.582244 ] }, { "date": "2026-07-10", "close": 113.82, "volume": 989635, "typical_volume": 865643.25, "trend": 118.647734, "fair_value": 122.23796, "relative_strength": -16.810288, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.198205, "energy": 25.164894, "activity_lines": [ 119.045333, 116.538312, 114.123513, 116.254071 ] }, { "date": "2026-07-17", "close": 115.54, "volume": 605004, "typical_volume": 878174.95, "trend": 118.504091, "fair_value": 122.191893, "relative_strength": -13.652459, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -5.72161, "energy": 16.505366, "activity_lines": [ 117.876, 116.805455, 114.169984, 116.053572 ] }, { "date": "2026-07-24", "close": 113.96, "volume": 573868, "typical_volume": 885999.65, "trend": 118.361778, "fair_value": 122.111676, "relative_strength": -13.762046, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.206406, "energy": 12.288861, "activity_lines": [ 116.167333, 116.666182, 114.154971, 115.760405 ] }, { "date": "2026-07-31", "close": 110.82, "volume": 589740, "typical_volume": 886168.05, "trend": 118.042583, "fair_value": 122.02099, "relative_strength": -16.454779, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.658203, "energy": 26.271549, "activity_lines": [ 113.754667, 115.799091, 113.913226, 115.273838 ] }, { "date": "2026-08-07", "close": 116.06, "volume": 532541, "typical_volume": 844997.05, "trend": 117.765882, "fair_value": 121.970146, "relative_strength": -14.892885, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.301215, "energy": 19.636389, "activity_lines": [ 114.024, 115.855091, 114.237773, 115.14593 ] } ], "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." } } }