{ "ticker": { "uuid": "b47b6d63-0238-4fdf-9073-34054e797bef", "symbol": "HANA", "name": "Hansa Investment Company Limited", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 54.483, "architecture_energy": 38.964, "architecture_maturity": 63.382, "architecture_confidence": 91.156, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 20.41, "rotation_up": 37.97, "upward_expansion": 65.08, "deceleration": 88.2, "rotation_down": 27.14, "downward_expansion": 17.41 }, "activity_lines": [ 316.133333, 316.692607, 310.53943, 302.396704 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 321.0, "trend_reference": 292.600623, "distance_from_trend": 0.097058, "trend_direction": "Improving", "fair_value": 234.265297, "distance_from_fair_value": 0.370241, "fair_value_direction": "Improving", "relative_strength": 6.163832, "relative_strength_direction": "Improving", "price_momentum": 0.180147, "excess_performance": 0.128912, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.097058, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.069316, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.370241, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.0892, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.061638, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.034123, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.180147, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.843935, "read": "Demand-led" } ], "volume": { "latest": 227547, "relative_activity": 0.395626, "balance": 1.843935, "dry_up": 0.647446, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.035157, "annualized_volatility": 0.158411, "from_high_reference": -0.024316, "from_low_reference": 0.315574 }, "levels": { "trend_reference": 292.600623, "fair_value_reference": 234.265297, "structural_low": 264.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": 0.013855, "positive_rate": 0.818182, "directional_follow_through": 0.818182, "median_excess_return": 0.001779, "regime_survival": 0.636364, "best_return": 0.165468, "worst_return": -0.027344, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.054688, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.010111, "regime_survival": 0.2, "best_return": 0.18659, "worst_return": 0.039842, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.118549, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.060704, "regime_survival": 0.333333, "best_return": 0.119489, "worst_return": 0.070312, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.212314, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.073145, "regime_survival": 0.0, "best_return": 0.212314, "worst_return": 0.212314, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-05", "end": "2024-05-10", "tenure": "Developing", "return": 0.079645, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.087963, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-08-23", "tenure": "Developing", "return": 0.153889, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2025-01-31", "tenure": "Established", "return": -0.017474, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.102222, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.089148, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-30", "tenure": "New", "return": 0.036036, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-06-20", "tenure": "New", "return": 0.096491, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-10-03", "tenure": "Established", "return": 0.015873, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-12-19", "tenure": "Developing", "return": 0.039062, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-27", "tenure": "Established", "return": 0.007491, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-08", "tenure": "Developing", "return": 0.063433, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-24", "tenure": "Developing", "return": 0.087719, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.025559, "active": true } ], "chart_path": [ { "date": "2023-07-07", "close": 185.442581, "volume": 59665, "typical_volume": 188047.95, "trend": 174.737838, "fair_value": 188.624651, "relative_strength": 6.539633, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.275224, "energy": 62.866295, "activity_lines": [ 185.175993, 178.762831, 175.365021, 174.871374 ] }, { "date": "2023-07-14", "close": 184.942734, "volume": 117427, "typical_volume": 190790.15, "trend": 174.871682, "fair_value": 188.590084, "relative_strength": 3.793102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.371957, "energy": 66.961526, "activity_lines": [ 185.742485, 180.653154, 176.369857, 175.529754 ] }, { "date": "2023-07-21", "close": 185.9505, "volume": 78516, "typical_volume": 188207.8, "trend": 175.205718, "fair_value": 188.569982, "relative_strength": 1.336664, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.031331, "energy": 56.566373, "activity_lines": [ 185.511916, 182.399536, 177.425408, 176.244517 ] }, { "date": "2023-07-28", "close": 184.450867, "volume": 26853, "typical_volume": 174459.45, "trend": 175.556407, "fair_value": 188.538666, "relative_strength": 0.209542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.717879, "energy": 38.560093, "activity_lines": [ 185.114162, 183.573203, 178.285694, 176.840978 ] }, { "date": "2023-08-04", "close": 183.951019, "volume": 106708, "typical_volume": 170919.55, "trend": 175.823794, "fair_value": 188.597015, "relative_strength": 1.672853, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.503361, "energy": 33.612736, "activity_lines": [ 184.715874, 184.365025, 179.060216, 177.382566 ] }, { "date": "2023-08-11", "close": 182.951294, "volume": 48968, "typical_volume": 160545.75, "trend": 176.024537, "fair_value": 188.671372, "relative_strength": 1.749802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.225136, "energy": 26.400512, "activity_lines": [ 184.050459, 184.538706, 179.713266, 177.842405 ] }, { "date": "2023-08-18", "close": 181.451675, "volume": 44117, "typical_volume": 135326.85, "trend": 176.308573, "fair_value": 188.861008, "relative_strength": 4.66899, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.231824, "energy": 21.522667, "activity_lines": [ 183.051256, 184.103325, 180.171054, 178.192543 ] }, { "date": "2023-08-25", "close": 183.951019, "volume": 146986, "typical_volume": 137609.15, "trend": 176.592621, "fair_value": 189.204366, "relative_strength": 5.058371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.20677, "energy": 19.737075, "activity_lines": [ 183.117905, 183.876849, 180.833477, 178.685604 ] }, { "date": "2023-09-01", "close": 184.950745, "volume": 21779, "typical_volume": 122698.7, "trend": 176.909993, "fair_value": 189.534918, "relative_strength": 3.915371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.207623, "energy": 20.260677, "activity_lines": [ 183.651096, 183.95923, 181.53629, 179.224837 ] }, { "date": "2023-09-08", "close": 181.951538, "volume": 112442, "typical_volume": 125267.1, "trend": 177.29399, "fair_value": 189.836638, "relative_strength": 2.09814, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.000094, "energy": 17.323384, "activity_lines": [ 183.151225, 183.532506, 181.908163, 179.550098 ] }, { "date": "2023-09-15", "close": 180.951813, "volume": 43279, "typical_volume": 116532.15, "trend": 177.444744, "fair_value": 190.000653, "relative_strength": -1.384215, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.864602, "energy": 16.540542, "activity_lines": [ 182.451411, 182.9784, 182.146665, 179.786087 ] }, { "date": "2023-10-06", "close": 183.951019, "volume": 239888, "typical_volume": 126273.55, "trend": 177.728528, "fair_value": 190.215917, "relative_strength": 3.228507, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.741106, "energy": 18.129223, "activity_lines": [ 182.884631, 183.051254, 182.613606, 180.205847 ] }, { "date": "2023-10-13", "close": 179.952087, "volume": 508734, "typical_volume": 147949.95, "trend": 177.895674, "fair_value": 190.434368, "relative_strength": -0.349616, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.386064, "energy": 10.428408, "activity_lines": [ 181.818251, 182.415061, 182.618731, 180.349302 ] }, { "date": "2023-10-20", "close": 186.958054, "volume": 320542, "typical_volume": 160141.1, "trend": 178.24637, "fair_value": 190.70088, "relative_strength": 6.257796, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.728444, "energy": 19.584603, "activity_lines": [ 183.353789, 183.161742, 183.24107, 180.933972 ] }, { "date": "2023-10-27", "close": 183.458878, "volume": 71353, "typical_volume": 153827.6, "trend": 178.413784, "fair_value": 190.94176, "relative_strength": 5.84421, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.108417, "energy": 16.998388, "activity_lines": [ 183.589115, 183.226624, 183.442009, 181.270263 ] }, { "date": "2023-11-03", "close": 182.959, "volume": 547370, "typical_volume": 167172.55, "trend": 178.781124, "fair_value": 191.179435, "relative_strength": 3.775826, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.212578, "energy": 15.330416, "activity_lines": [ 183.557324, 183.209568, 183.483397, 181.563502 ] }, { "date": "2023-11-10", "close": 182.959, "volume": 22658, "typical_volume": 161984.35, "trend": 179.065162, "fair_value": 191.381882, "relative_strength": 4.555831, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.433526, "energy": 16.315915, "activity_lines": [ 183.391722, 183.192371, 183.436642, 181.833043 ] }, { "date": "2023-11-17", "close": 196.955841, "volume": 331647, "typical_volume": 156599.3, "trend": 179.882403, "fair_value": 191.65804, "relative_strength": 10.348026, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 64.660631, "energy": 43.347939, "activity_lines": [ 187.957868, 185.692648, 184.651439, 182.98728 ] }, { "date": "2023-11-24", "close": 184.958527, "volume": 128167, "typical_volume": 149646.95, "trend": 180.19977, "fair_value": 191.847685, "relative_strength": 3.999562, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.191391, "energy": 31.728531, "activity_lines": [ 187.391325, 185.775144, 184.694991, 183.314772 ] }, { "date": "2023-12-01", "close": 189.957382, "volume": 51774, "typical_volume": 151443.65, "trend": 180.733747, "fair_value": 192.082183, "relative_strength": 6.213432, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.395457, "energy": 37.92205, "activity_lines": [ 188.624369, 186.766382, 185.224071, 183.944295 ] }, { "date": "2023-12-08", "close": 188.957657, "volume": 72256, "typical_volume": 152073.2, "trend": 181.401008, "fair_value": 192.303868, "relative_strength": 5.31628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.076392, "energy": 39.102934, "activity_lines": [ 189.090938, 187.430291, 185.634059, 184.47487 ] }, { "date": "2023-12-15", "close": 193.456619, "volume": 183385, "typical_volume": 155371.1, "trend": 182.284618, "fair_value": 192.55119, "relative_strength": 7.528473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.358398, "energy": 29.338984, "activity_lines": [ 190.657251, 188.766631, 186.455782, 185.252652 ] }, { "date": "2023-12-22", "close": 190.457291, "volume": 110098, "typical_volume": 156950.2, "trend": 182.984943, "fair_value": 192.750463, "relative_strength": 4.250174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.673045, "energy": 28.41219, "activity_lines": [ 190.523946, 189.384811, 186.951312, 185.779921 ] }, { "date": "2023-12-29", "close": 190.957199, "volume": 157351, "typical_volume": 163475.1, "trend": 183.735254, "fair_value": 192.92732, "relative_strength": 4.123843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.945566, "energy": 26.320723, "activity_lines": [ 190.990514, 189.902879, 187.472991, 186.29426 ] }, { "date": "2024-01-05", "close": 193.456619, "volume": 164500, "typical_volume": 166364.7, "trend": 184.852125, "fair_value": 193.123401, "relative_strength": 5.969904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.678984, "energy": 28.445406, "activity_lines": [ 191.890311, 190.802675, 188.201728, 186.921445 ] }, { "date": "2024-01-12", "close": 198.955399, "volume": 97749, "typical_volume": 168803.75, "trend": 186.002336, "fair_value": 193.329111, "relative_strength": 9.652615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.822965, "energy": 35.692815, "activity_lines": [ 194.389751, 192.520472, 189.408893, 187.831333 ] }, { "date": "2024-01-19", "close": 196.463867, "volume": 32853, "typical_volume": 168240.55, "trend": 186.952865, "fair_value": 193.49638, "relative_strength": 10.373005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.849935, "energy": 40.609796, "activity_lines": [ 195.392165, 193.49442, 190.30256, 188.506271 ] }, { "date": "2024-01-26", "close": 195.963974, "volume": 42493, "typical_volume": 163015.9, "trend": 187.120301, "fair_value": 193.657242, "relative_strength": 7.421397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.409194, "energy": 39.876675, "activity_lines": [ 196.027465, 194.131936, 191.077131, 189.087633 ] }, { "date": "2024-02-02", "close": 202.462769, "volume": 73200, "typical_volume": 165586.95, "trend": 187.637657, "fair_value": 193.859762, "relative_strength": 11.001432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.917699, "energy": 51.269302, "activity_lines": [ 198.461917, 195.969084, 192.41343, 190.077469 ] }, { "date": "2024-02-09", "close": 210.961197, "volume": 208271, "typical_volume": 170378.4, "trend": 188.504939, "fair_value": 194.110355, "relative_strength": 15.908038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.166861, "energy": 61.076583, "activity_lines": [ 202.962141, 199.033142, 194.475713, 191.582214 ] }, { "date": "2024-02-16", "close": 210.961197, "volume": 194629, "typical_volume": 177945.9, "trend": 189.355559, "fair_value": 194.354542, "relative_strength": 13.47109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.364191, "energy": 69.185834, "activity_lines": [ 206.295393, 201.715312, 196.399855, 193.031005 ] }, { "date": "2024-02-23", "close": 202.962677, "volume": 151506, "typical_volume": 173526.8, "trend": 189.956224, "fair_value": 194.557065, "relative_strength": 8.88044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.838213, "energy": 62.755977, "activity_lines": [ 206.162085, 202.543142, 197.419331, 193.908883 ] }, { "date": "2024-03-01", "close": 202.962677, "volume": 460860, "typical_volume": 171133.1, "trend": 190.523297, "fair_value": 194.778804, "relative_strength": 8.877834, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.924649, "energy": 52.265538, "activity_lines": [ 205.595523, 203.198135, 198.348275, 194.748009 ] }, { "date": "2024-03-08", "close": 202.962677, "volume": 105535, "typical_volume": 160382.75, "trend": 191.140357, "fair_value": 194.990934, "relative_strength": 8.863672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.712932, "energy": 35.456574, "activity_lines": [ 204.562381, 203.625756, 199.167645, 195.55055 ] }, { "date": "2024-03-15", "close": 203.962479, "volume": 293408, "typical_volume": 171485.5, "trend": 191.807406, "fair_value": 195.203017, "relative_strength": 8.111239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.96321, "energy": 24.546816, "activity_lines": [ 203.829179, 204.016879, 200.006022, 196.377784 ] }, { "date": "2024-04-05", "close": 200.963028, "volume": 139369, "typical_volume": 151085.45, "trend": 192.407797, "fair_value": 195.408684, "relative_strength": 3.795272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.975016, "energy": 20.208696, "activity_lines": [ 202.562741, 203.671631, 200.4611, 196.968469 ] }, { "date": "2024-04-12", "close": 198.963409, "volume": 108325, "typical_volume": 155368.8, "trend": 192.991521, "fair_value": 195.643169, "relative_strength": 1.471095, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.102965, "energy": 16.02693, "activity_lines": [ 201.296308, 202.926314, 200.640006, 197.391412 ] }, { "date": "2024-04-19", "close": 204.462402, "volume": 41193, "typical_volume": 140846.1, "trend": 193.675234, "fair_value": 195.845645, "relative_strength": 5.256182, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.910822, "energy": 18.432328, "activity_lines": [ 202.129491, 203.135367, 201.266413, 198.131469 ] }, { "date": "2024-04-26", "close": 203.470596, "volume": 67636, "typical_volume": 137819.55, "trend": 194.292562, "fair_value": 196.00333, "relative_strength": 1.36558, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.692268, "energy": 17.499182, "activity_lines": [ 202.53209, 203.009575, 201.762617, 198.763427 ] }, { "date": "2024-05-03", "close": 202.970673, "volume": 109562, "typical_volume": 140708.95, "trend": 194.9932, "fair_value": 196.036102, "relative_strength": 0.017557, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.141802, "energy": 18.046574, "activity_lines": [ 202.734187, 202.774564, 202.123057, 199.323305 ] }, { "date": "2024-05-10", "close": 216.968658, "volume": 248450, "typical_volume": 149518.65, "trend": 196.193762, "fair_value": 196.126576, "relative_strength": 3.976139, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.242916, "energy": 44.812172, "activity_lines": [ 207.668399, 205.229923, 203.75467, 200.741077 ] }, { "date": "2024-05-17", "close": 215.968781, "volume": 102376, "typical_volume": 145468.2, "trend": 197.26102, "fair_value": 196.191424, "relative_strength": 3.489095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.293563, "energy": 56.959115, "activity_lines": [ 211.202277, 207.39426, 205.157671, 202.016885 ] }, { "date": "2024-05-24", "close": 210.969513, "volume": 76137, "typical_volume": 143770.15, "trend": 198.294935, "fair_value": 196.230631, "relative_strength": 2.086085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.223304, "energy": 57.564952, "activity_lines": [ 211.93604, 208.413165, 205.977351, 202.901304 ] }, { "date": "2024-05-31", "close": 212.969208, "volume": 128854, "typical_volume": 142345.3, "trend": 199.161973, "fair_value": 196.282657, "relative_strength": 3.237854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.230465, "energy": 60.637786, "activity_lines": [ 212.902562, 209.650072, 206.8898, 203.848031 ] }, { "date": "2024-06-07", "close": 203.97052, "volume": 114169, "typical_volume": 139828.75, "trend": 199.845695, "fair_value": 196.276998, "relative_strength": -0.985022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.678205, "energy": 32.101846, "activity_lines": [ 210.236279, 209.068916, 206.840412, 204.15826 ] }, { "date": "2024-06-14", "close": 196.971542, "volume": 309026, "typical_volume": 150392.6, "trend": 200.312779, "fair_value": 196.181635, "relative_strength": -3.409542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.815418, "energy": 10.233042, "activity_lines": [ 205.170348, 207.215073, 206.074389, 203.97283 ] }, { "date": "2024-06-21", "close": 194.971817, "volume": 740976, "typical_volume": 185798.75, "trend": 200.713207, "fair_value": 196.060642, "relative_strength": -5.639557, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.823257, "energy": 16.489284, "activity_lines": [ 200.770983, 205.070216, 205.127363, 203.628252 ] }, { "date": "2024-06-28", "close": 203.97052, "volume": 165049, "typical_volume": 191926.55, "trend": 200.947029, "fair_value": 196.003688, "relative_strength": -0.650959, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.174179, "energy": 21.332062, "activity_lines": [ 200.770983, 204.634061, 205.044461, 203.838402 ] }, { "date": "2024-07-05", "close": 208.969818, "volume": 358045, "typical_volume": 206168.8, "trend": 201.747405, "fair_value": 196.023622, "relative_strength": 1.038109, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.325557, "energy": 18.654027, "activity_lines": [ 202.904015, 205.115813, 205.399557, 204.356001 ] }, { "date": "2024-07-12", "close": 206.970093, "volume": 60069, "typical_volume": 198758.7, "trend": 202.314496, "fair_value": 196.005114, "relative_strength": -0.530134, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.932076, "energy": 9.372213, "activity_lines": [ 204.637098, 205.133993, 205.533216, 204.692948 ] }, { "date": "2024-07-19", "close": 203.470596, "volume": 85357, "typical_volume": 193295.1, "trend": 202.798261, "fair_value": 196.060261, "relative_strength": -1.038652, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.495482, "energy": 13.123997, "activity_lines": [ 205.003711, 204.443184, 205.352595, 204.767535 ] }, { "date": "2024-07-26", "close": 212.977097, "volume": 254068, "typical_volume": 198423.2, "trend": 203.448943, "fair_value": 196.150724, "relative_strength": 1.870548, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.02085, "energy": 25.905943, "activity_lines": [ 208.105887, 205.726248, 206.113025, 205.424235 ] }, { "date": "2024-08-02", "close": 213.977005, "volume": 46602, "typical_volume": 177710.3, "trend": 204.232934, "fair_value": 196.247597, "relative_strength": 3.689443, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.655147, "energy": 38.757173, "activity_lines": [ 210.341014, 207.245509, 206.920996, 206.103464 ] }, { "date": "2024-08-09", "close": 206.977753, "volume": 137684, "typical_volume": 179317.75, "trend": 204.766952, "fair_value": 196.299603, "relative_strength": 0.343319, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.343622, "energy": 37.708437, "activity_lines": [ 209.575957, 207.437496, 207.009923, 206.28055 ] }, { "date": "2024-08-16", "close": 209.977432, "volume": 25868, "typical_volume": 165940.75, "trend": 205.317646, "fair_value": 196.383649, "relative_strength": -0.033688, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.612728, "energy": 39.796334, "activity_lines": [ 209.943598, 208.283816, 207.365414, 206.61671 ] }, { "date": "2024-08-23", "close": 224.97583, "volume": 124249, "typical_volume": 165184.75, "trend": 206.184993, "fair_value": 196.531809, "relative_strength": 6.648928, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.677134, "energy": 58.273303, "activity_lines": [ 215.110216, 211.7479, 209.120682, 207.884979 ] }, { "date": "2024-08-30", "close": 227.97551, "volume": 427654, "typical_volume": 181151.2, "trend": 207.235382, "fair_value": 196.654304, "relative_strength": 7.205477, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.712569, "energy": 66.410064, "activity_lines": [ 219.843045, 215.248211, 211.047286, 209.290819 ] }, { "date": "2024-09-06", "close": 225.975708, "volume": 244932, "typical_volume": 191338.15, "trend": 208.235773, "fair_value": 196.738355, "relative_strength": 8.527381, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.301035, "energy": 69.768094, "activity_lines": [ 222.909379, 217.784856, 212.64528, 210.499873 ] }, { "date": "2024-09-13", "close": 219.976364, "volume": 79254, "typical_volume": 191919.05, "trend": 208.819559, "fair_value": 196.777542, "relative_strength": 4.349921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.430863, "energy": 66.304895, "activity_lines": [ 223.176018, 218.830616, 213.569464, 211.25733 ] }, { "date": "2024-09-20", "close": 220.976242, "volume": 124278, "typical_volume": 192654.85, "trend": 209.153394, "fair_value": 196.835951, "relative_strength": 5.231511, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.142321, "energy": 51.950996, "activity_lines": [ 222.909376, 219.858052, 214.510276, 212.041632 ] }, { "date": "2024-09-27", "close": 221.976151, "volume": 89511, "typical_volume": 184707.9, "trend": 209.520559, "fair_value": 196.881551, "relative_strength": 4.404656, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.053671, "energy": 35.696545, "activity_lines": [ 222.242783, 220.812634, 215.460576, 212.868907 ] }, { "date": "2024-10-04", "close": 224.97583, "volume": 237006, "typical_volume": 191439.4, "trend": 210.254331, "fair_value": 196.907943, "relative_strength": 6.102601, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.663197, "energy": 33.271804, "activity_lines": [ 222.776061, 221.976147, 216.672714, 213.866021 ] }, { "date": "2024-10-11", "close": 228.975388, "volume": 60695, "typical_volume": 190667.3, "trend": 211.121421, "fair_value": 196.8831, "relative_strength": 7.993949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.465004, "energy": 37.326758, "activity_lines": [ 224.842504, 223.648693, 218.222872, 215.073831 ] }, { "date": "2024-10-18", "close": 223.975922, "volume": 140293, "typical_volume": 191239.25, "trend": 211.821863, "fair_value": 196.832614, "relative_strength": 4.138432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.607581, "energy": 33.297822, "activity_lines": [ 225.04248, 224.139548, 219.211149, 215.903154 ] }, { "date": "2024-10-25", "close": 227.983536, "volume": 625501, "typical_volume": 216805.85, "trend": 212.622565, "fair_value": 196.782194, "relative_strength": 7.092046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.415477, "energy": 36.079543, "activity_lines": [ 226.31169, 225.050002, 220.528689, 216.945842 ] }, { "date": "2024-11-01", "close": 229.983383, "volume": 352523, "typical_volume": 218980.7, "trend": 213.58991, "fair_value": 196.776624, "relative_strength": 8.745012, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.599377, "energy": 37.723709, "activity_lines": [ 227.780362, 225.996681, 221.922344, 218.065895 ] }, { "date": "2024-11-08", "close": 227.983536, "volume": 43146, "typical_volume": 184089.2, "trend": 214.557247, "fair_value": 196.777453, "relative_strength": 8.949325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.221753, "energy": 33.247037, "activity_lines": [ 228.048603, 226.488705, 222.968338, 218.994516 ] }, { "date": "2024-11-15", "close": 224.983749, "volume": 49738, "typical_volume": 178323.65, "trend": 215.241292, "fair_value": 196.746241, "relative_strength": 7.375344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.080201, "energy": 29.755836, "activity_lines": [ 227.116402, 226.435168, 223.571439, 219.667194 ] }, { "date": "2024-11-22", "close": 225.983673, "volume": 105013, "typical_volume": 165672.05, "trend": 215.991728, "fair_value": 196.721438, "relative_strength": 5.067343, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.41532, "energy": 26.742518, "activity_lines": [ 226.783618, 226.58147, 224.169709, 220.360251 ] }, { "date": "2024-11-29", "close": 218.984177, "volume": 194892, "typical_volume": 172413.2, "trend": 216.525512, "fair_value": 196.664579, "relative_strength": 1.490079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.721806, "energy": 13.584493, "activity_lines": [ 223.983819, 225.345913, 224.020341, 220.553312 ] }, { "date": "2024-12-13", "close": 234.983017, "volume": 292296, "typical_volume": 182760.15, "trend": 217.12599, "fair_value": 196.761526, "relative_strength": 8.445135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.241782, "energy": 26.525809, "activity_lines": [ 227.116923, 227.055455, 225.337462, 221.744119 ] }, { "date": "2024-12-20", "close": 226.983597, "volume": 117079, "typical_volume": 175910.7, "trend": 217.493151, "fair_value": 196.819955, "relative_strength": 7.323133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.73982, "energy": 21.166322, "activity_lines": [ 227.250245, 227.074069, 225.742674, 222.380093 ] }, { "date": "2025-01-03", "close": 227.983536, "volume": 138452, "typical_volume": 180503.2, "trend": 218.060285, "fair_value": 196.871982, "relative_strength": 5.758126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.286982, "energy": 21.909184, "activity_lines": [ 227.783543, 227.237985, 226.176422, 223.056892 ] }, { "date": "2025-01-10", "close": 229.983383, "volume": 77469, "typical_volume": 177492.45, "trend": 218.627424, "fair_value": 196.949641, "relative_strength": 6.186046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.669601, "energy": 28.000809, "activity_lines": [ 228.783471, 227.783543, 226.733933, 223.826124 ] }, { "date": "2025-01-17", "close": 230.983322, "volume": 65484, "typical_volume": 179473.25, "trend": 219.527851, "fair_value": 197.03371, "relative_strength": 3.24631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.20721, "energy": 26.253869, "activity_lines": [ 229.850064, 228.401682, 227.277126, 224.623279 ] }, { "date": "2025-01-24", "close": 222.991898, "volume": 278639, "typical_volume": 187192.75, "trend": 220.395196, "fair_value": 197.047332, "relative_strength": -0.404602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.942618, "energy": 15.187869, "activity_lines": [ 227.452906, 227.512293, 226.959202, 224.846766 ] }, { "date": "2025-01-31", "close": 223.991852, "volume": 105959, "typical_volume": 171108.0, "trend": 221.362531, "fair_value": 197.073771, "relative_strength": -1.984753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.3572, "energy": 11.316163, "activity_lines": [ 226.188475, 226.931832, 226.74596, 225.078808 ] }, { "date": "2025-02-07", "close": 224.991821, "volume": 83061, "typical_volume": 163014.45, "trend": 222.063241, "fair_value": 197.113026, "relative_strength": -1.830339, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.443222, "energy": 8.781864, "activity_lines": [ 225.456816, 226.605759, 226.646923, 225.312956 ] }, { "date": "2025-02-14", "close": 223.991852, "volume": 439974, "typical_volume": 181050.45, "trend": 222.563975, "fair_value": 197.158684, "relative_strength": -2.57653, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.827447, "energy": 10.049096, "activity_lines": [ 224.591281, 226.097727, 226.457335, 225.437383 ] }, { "date": "2025-02-21", "close": 222.991898, "volume": 153431, "typical_volume": 182508.1, "trend": 223.098035, "fair_value": 197.191526, "relative_strength": -2.198798, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.518346, "energy": 8.039415, "activity_lines": [ 223.791864, 225.444101, 226.153393, 225.464991 ] }, { "date": "2025-02-28", "close": 228.991669, "volume": 271286, "typical_volume": 191596.85, "trend": 223.948738, "fair_value": 197.288453, "relative_strength": -1.238095, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.747948, "energy": 7.377766, "activity_lines": [ 225.525132, 225.808474, 226.411259, 225.845225 ] }, { "date": "2025-03-07", "close": 231.991562, "volume": 132204, "typical_volume": 186356.75, "trend": 224.582553, "fair_value": 197.404611, "relative_strength": 1.635965, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.05704, "energy": 16.581243, "activity_lines": [ 227.85838, 226.827215, 226.921422, 226.364117 ] }, { "date": "2025-03-14", "close": 229.991638, "volume": 89268, "typical_volume": 187785.4, "trend": 225.116374, "fair_value": 197.488678, "relative_strength": 1.368251, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.534279, "energy": 23.52508, "activity_lines": [ 228.991673, 227.39128, 227.207707, 226.71309 ] }, { "date": "2025-03-21", "close": 219.992004, "volume": 520559, "typical_volume": 206798.7, "trend": 225.550183, "fair_value": 197.502238, "relative_strength": -3.138214, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.282761, "energy": 8.977859, "activity_lines": [ 226.458433, 226.100719, 226.536808, 226.382486 ] }, { "date": "2025-03-28", "close": 213.992218, "volume": 340492, "typical_volume": 192548.25, "trend": 225.684009, "fair_value": 197.490151, "relative_strength": -5.793954, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.097413, "energy": 38.232727, "activity_lines": [ 222.191921, 223.90095, 225.313471, 225.63681 ] }, { "date": "2025-04-04", "close": 201.992661, "volume": 220441, "typical_volume": 185944.15, "trend": 224.917903, "fair_value": 197.401145, "relative_strength": -4.310089, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -74.098326, "energy": 67.562693, "activity_lines": [ 214.525535, 219.828371, 223.013944, 224.108336 ] }, { "date": "2025-04-11", "close": 201.992661, "volume": 296979, "typical_volume": 198635.8, "trend": 224.051808, "fair_value": 197.312138, "relative_strength": -3.145771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.764463, "energy": 73.343341, "activity_lines": [ 208.659083, 216.137598, 220.847707, 222.629288 ] }, { "date": "2025-04-18", "close": 227.991714, "volume": 279340, "typical_volume": 210115.9, "trend": 224.119008, "fair_value": 197.428231, "relative_strength": 5.040117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.569501, "energy": 53.566613, "activity_lines": [ 213.458909, 217.573909, 221.281336, 222.883476 ] }, { "date": "2025-04-25", "close": 218.0, "volume": 123528, "typical_volume": 211041.65, "trend": 224.05313, "fair_value": 197.473869, "relative_strength": -1.303272, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.912492, "energy": 42.279525, "activity_lines": [ 215.061492, 217.139003, 220.74905, 222.488701 ] }, { "date": "2025-05-02", "close": 220.0, "volume": 69882, "typical_volume": 204791.15, "trend": 224.020588, "fair_value": 197.513107, "relative_strength": -2.474494, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.665486, "energy": 17.865114, "activity_lines": [ 217.463542, 217.176675, 220.445257, 222.227209 ] }, { "date": "2025-05-09", "close": 222.0, "volume": 129426, "typical_volume": 196647.65, "trend": 224.021383, "fair_value": 197.565166, "relative_strength": -1.178378, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.273162, "energy": 18.671145, "activity_lines": [ 220.131739, 217.632382, 220.327103, 222.096848 ] }, { "date": "2025-05-16", "close": 230.0, "volume": 109387, "typical_volume": 196263.05, "trend": 224.188856, "fair_value": 197.655693, "relative_strength": 0.721859, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.002014, "energy": 13.489986, "activity_lines": [ 224.132781, 219.669755, 221.032678, 222.482566 ] }, { "date": "2025-05-23", "close": 233.0, "volume": 290060, "typical_volume": 203843.45, "trend": 224.323009, "fair_value": 197.765452, "relative_strength": 1.570401, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.609231, "energy": 19.925739, "activity_lines": [ 227.266667, 222.288793, 222.009603, 223.051027 ] }, { "date": "2025-05-30", "close": 230.0, "volume": 305903, "typical_volume": 215265.15, "trend": 224.523812, "fair_value": 197.855928, "relative_strength": -0.400624, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.069446, "energy": 23.286798, "activity_lines": [ 229.066667, 224.30768, 222.676926, 223.417284 ] }, { "date": "2025-06-06", "close": 228.0, "volume": 199048, "typical_volume": 221943.35, "trend": 224.524361, "fair_value": 197.952804, "relative_strength": -2.029488, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.738421, "energy": 23.212889, "activity_lines": [ 229.4, 225.780966, 223.153694, 223.641554 ] }, { "date": "2025-06-13", "close": 226.0, "volume": 114685, "typical_volume": 213745.65, "trend": 224.391581, "fair_value": 198.056081, "relative_strength": -3.014036, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.929243, "energy": 15.043641, "activity_lines": [ 228.533333, 226.635929, 223.454192, 223.736757 ] }, { "date": "2025-06-20", "close": 250.0, "volume": 942013, "typical_volume": 255548.35, "trend": 225.125463, "fair_value": 198.326017, "relative_strength": 7.917486, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.13157, "energy": 50.350563, "activity_lines": [ 235.4, 231.418031, 226.02608, 225.388913 ] }, { "date": "2025-06-27", "close": 252.0, "volume": 186792, "typical_volume": 260734.9, "trend": 226.026005, "fair_value": 198.660029, "relative_strength": 8.130158, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.021152, "energy": 62.047495, "activity_lines": [ 241.6, 235.690909, 228.664595, 227.122754 ] }, { "date": "2025-07-04", "close": 252.0, "volume": 200789, "typical_volume": 248775.65, "trend": 226.893216, "fair_value": 199.013261, "relative_strength": 7.454218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.377611, "energy": 70.47218, "activity_lines": [ 246.533333, 239.527273, 231.174501, 228.798495 ] }, { "date": "2025-07-11", "close": 248.0, "volume": 418752, "typical_volume": 262041.7, "trend": 227.86041, "fair_value": 199.398514, "relative_strength": 4.143178, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.316856, "energy": 71.996655, "activity_lines": [ 248.666667, 242.018182, 233.170082, 230.160223 ] }, { "date": "2025-07-18", "close": 250.0, "volume": 515779, "typical_volume": 274266.35, "trend": 228.360976, "fair_value": 199.751739, "relative_strength": 4.212278, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.278101, "energy": 71.333846, "activity_lines": [ 250.133333, 244.363636, 235.237052, 231.588584 ] }, { "date": "2025-07-25", "close": 257.0, "volume": 1146582, "typical_volume": 324985.25, "trend": 229.361523, "fair_value": 200.146633, "relative_strength": 5.388804, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.55706, "energy": 68.521381, "activity_lines": [ 252.333333, 247.472727, 237.87065, 233.436263 ] }, { "date": "2025-08-01", "close": 255.0, "volume": 1216517, "typical_volume": 381347.7, "trend": 230.262072, "fair_value": 200.493469, "relative_strength": 4.925524, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.74782, "energy": 51.351283, "activity_lines": [ 253.4, 249.727273, 240.194684, 235.090358 ] }, { "date": "2025-08-08", "close": 244.0, "volume": 719580, "typical_volume": 391298.75, "trend": 230.729292, "fair_value": 200.772995, "relative_strength": 0.019678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.09603, "energy": 39.659527, "activity_lines": [ 250.6, 249.581818, 241.352011, 235.976676 ] }, { "date": "2025-08-15", "close": 262.0, "volume": 506535, "typical_volume": 399600.9, "trend": 231.763182, "fair_value": 201.164652, "relative_strength": 6.699762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.888203, "energy": 45.13505, "activity_lines": [ 254.333333, 252.454545, 244.109301, 237.994141 ] }, { "date": "2025-08-22", "close": 271.0, "volume": 511803, "typical_volume": 414169.0, "trend": 233.363452, "fair_value": 201.678072, "relative_strength": 7.915885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.771757, "energy": 51.235755, "activity_lines": [ 260.133333, 256.345455, 247.495124, 240.525549 ] }, { "date": "2025-08-29", "close": 270.0, "volume": 241375, "typical_volume": 411388.8, "trend": 234.897057, "fair_value": 202.197896, "relative_strength": 8.766793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.925116, "energy": 57.950014, "activity_lines": [ 264.2, 259.236364, 250.457103, 242.889197 ] }, { "date": "2025-09-05", "close": 272.0, "volume": 667915, "typical_volume": 430817.55, "trend": 236.463996, "fair_value": 202.752966, "relative_strength": 9.127743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.241925, "energy": 72.730382, "activity_lines": [ 268.066667, 262.127273, 253.285714, 245.282936 ] }, { "date": "2025-09-12", "close": 270.0, "volume": 1121863, "typical_volume": 480734.3, "trend": 237.997601, "fair_value": 203.298418, "relative_strength": 7.306542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.937259, "energy": 71.241099, "activity_lines": [ 270.133333, 264.290909, 255.714286, 247.446549 ] }, { "date": "2025-09-19", "close": 270.0, "volume": 147780, "typical_volume": 484629.2, "trend": 239.564538, "fair_value": 203.837464, "relative_strength": 7.953692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.910667, "energy": 69.823864, "activity_lines": [ 270.466667, 266.127273, 257.895238, 249.51122 ] }, { "date": "2025-09-26", "close": 256.0, "volume": 509308, "typical_volume": 503623.3, "trend": 240.464815, "fair_value": 204.293173, "relative_strength": 1.534657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.281899, "energy": 40.897254, "activity_lines": [ 265.6, 265.018182, 258.504762, 250.571572 ] }, { "date": "2025-10-03", "close": 256.0, "volume": 290562, "typical_volume": 512682.05, "trend": 241.265097, "fair_value": 204.748882, "relative_strength": -0.682988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.96769, "energy": 25.636105, "activity_lines": [ 261.733333, 263.8, 258.952381, 251.573842 ] }, { "date": "2025-10-10", "close": 256.0, "volume": 508875, "typical_volume": 523622.8, "trend": 242.132042, "fair_value": 205.214202, "relative_strength": -0.044655, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.971303, "energy": 20.129603, "activity_lines": [ 258.8, 262.6, 259.27619, 252.524481 ] }, { "date": "2025-10-17", "close": 250.0, "volume": 472038, "typical_volume": 531929.55, "trend": 243.132308, "fair_value": 205.663485, "relative_strength": -1.59572, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.495915, "energy": 19.558924, "activity_lines": [ 254.933333, 260.290909, 258.919048, 253.032091 ] }, { "date": "2025-10-24", "close": 250.0, "volume": 399313, "typical_volume": 541942.8, "trend": 244.332568, "fair_value": 206.103157, "relative_strength": -4.441104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.308509, "energy": 15.348723, "activity_lines": [ 252.4, 257.872727, 258.466667, 253.475168 ] }, { "date": "2025-10-31", "close": 252.0, "volume": 668308, "typical_volume": 569623.95, "trend": 245.999479, "fair_value": 206.52997, "relative_strength": -4.328779, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.797779, "energy": 16.609344, "activity_lines": [ 251.866667, 256.036364, 258.1, 253.969841 ] }, { "date": "2025-11-07", "close": 249.0, "volume": 293302, "typical_volume": 537188.4, "trend": 247.56639, "fair_value": 206.963181, "relative_strength": -4.99939, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.369641, "energy": 15.083919, "activity_lines": [ 250.6, 254.0, 257.32381, 254.163423 ] }, { "date": "2025-11-14", "close": 252.0, "volume": 1011586, "typical_volume": 578428.1, "trend": 248.366667, "fair_value": 207.393198, "relative_strength": -3.865204, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.605402, "energy": 14.764725, "activity_lines": [ 250.8, 252.890909, 256.838095, 254.449462 ] }, { "date": "2025-11-21", "close": 251.0, "volume": 369275, "typical_volume": 586852.4, "trend": 249.466667, "fair_value": 207.797582, "relative_strength": -2.519815, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.07959, "energy": 13.157488, "activity_lines": [ 250.933333, 251.963636, 256.257143, 254.619355 ] }, { "date": "2025-11-28", "close": 251.0, "volume": 1060346, "typical_volume": 618932.1, "trend": 250.5, "fair_value": 208.201966, "relative_strength": -4.190984, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.786635, "energy": 11.073825, "activity_lines": [ 251.0, 251.381818, 255.680952, 254.71828 ] }, { "date": "2025-12-05", "close": 264.0, "volume": 504699, "typical_volume": 618378.1, "trend": 251.9, "fair_value": 208.724924, "relative_strength": 1.332002, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.491759, "energy": 19.23759, "activity_lines": [ 255.333333, 253.509091, 256.328571, 255.589247 ] }, { "date": "2025-12-12", "close": 268.0, "volume": 1119641, "typical_volume": 617031.05, "trend": 253.166667, "fair_value": 209.24469, "relative_strength": 2.959989, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.248098, "energy": 28.520116, "activity_lines": [ 260.2, 256.218182, 257.290476, 256.627957 ] }, { "date": "2025-12-19", "close": 266.0, "volume": 1897571, "typical_volume": 651083.75, "trend": 254.266667, "fair_value": 209.758043, "relative_strength": -0.271148, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.260464, "energy": 35.505473, "activity_lines": [ 263.133333, 258.345455, 258.009524, 257.455914 ] }, { "date": "2025-12-26", "close": 267.0, "volume": 504931, "typical_volume": 640351.3, "trend": 255.5, "fair_value": 210.361102, "relative_strength": 0.448118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.68612, "energy": 49.826935, "activity_lines": [ 265.466667, 260.472727, 258.771429, 258.277419 ] }, { "date": "2026-01-02", "close": 267.0, "volume": 569865, "typical_volume": 643517.8, "trend": 256.8, "fair_value": 210.944938, "relative_strength": -0.300044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.048792, "energy": 56.226642, "activity_lines": [ 266.733333, 262.290909, 259.42381, 259.019355 ] }, { "date": "2026-01-09", "close": 270.0, "volume": 1338553, "typical_volume": 684855.3, "trend": 258.266667, "fair_value": 211.544802, "relative_strength": -0.821476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.965561, "energy": 57.516866, "activity_lines": [ 267.933333, 264.345455, 260.338095, 259.870968 ] }, { "date": "2026-01-16", "close": 273.0, "volume": 3215553, "typical_volume": 833564.2, "trend": 259.033333, "fair_value": 212.160642, "relative_strength": -0.769624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.916923, "energy": 59.56931, "activity_lines": [ 269.733333, 266.618182, 261.542857, 260.821505 ] }, { "date": "2026-01-23", "close": 272.0, "volume": 1976196, "typical_volume": 898978.25, "trend": 259.7, "fair_value": 212.744441, "relative_strength": -0.279358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.159388, "energy": 53.605084, "activity_lines": [ 270.866667, 268.272727, 262.638095, 261.658065 ] }, { "date": "2026-01-30", "close": 275.0, "volume": 2872824, "typical_volume": 986526.3, "trend": 260.466667, "fair_value": 213.379509, "relative_strength": -0.046287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.516271, "energy": 55.412611, "activity_lines": [ 272.6, 270.109091, 264.019048, 262.645161 ] }, { "date": "2026-02-06", "close": 272.0, "volume": 455920, "typical_volume": 1001933.3, "trend": 261.266667, "fair_value": 214.008161, "relative_strength": -2.55727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.772718, "energy": 50.804468, "activity_lines": [ 272.8, 270.963636, 265.090476, 263.389247 ] }, { "date": "2026-02-13", "close": 274.0, "volume": 1072223, "typical_volume": 1030079.05, "trend": 262.066667, "fair_value": 214.636819, "relative_strength": -2.600826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.550616, "energy": 44.894922, "activity_lines": [ 273.333333, 271.8, 266.342857, 264.210753 ] }, { "date": "2026-02-20", "close": 284.0, "volume": 2362011, "typical_volume": 1133651.5, "trend": 262.966667, "fair_value": 215.323171, "relative_strength": -1.375971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.585529, "energy": 61.675249, "activity_lines": [ 276.933333, 274.272727, 268.461905, 265.625806 ] }, { "date": "2026-02-27", "close": 282.0, "volume": 636812, "typical_volume": 1140048.35, "trend": 263.866667, "fair_value": 216.022334, "relative_strength": -4.068303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.17548, "energy": 60.689724, "activity_lines": [ 279.133333, 276.090909, 270.257143, 266.853763 ] }, { "date": "2026-03-06", "close": 280.0, "volume": 816460, "typical_volume": 1157269.45, "trend": 265.066667, "fair_value": 216.692657, "relative_strength": 1.011246, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.572439, "energy": 65.008129, "activity_lines": [ 280.0, 277.254545, 271.738095, 267.894624 ] }, { "date": "2026-03-13", "close": 277.0, "volume": 647058, "typical_volume": 1169656.7, "trend": 265.566667, "fair_value": 217.34375, "relative_strength": 0.133677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.464832, "energy": 60.121261, "activity_lines": [ 279.533333, 277.636364, 272.790476, 268.664516 ] }, { "date": "2026-03-20", "close": 274.0, "volume": 1350725, "typical_volume": 1203777.55, "trend": 265.666667, "fair_value": 218.00765, "relative_strength": 2.314199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.993871, "energy": 37.961839, "activity_lines": [ 277.733333, 277.290909, 273.428571, 269.208602 ] }, { "date": "2026-03-27", "close": 269.0, "volume": 607741, "typical_volume": 1219499.5, "trend": 265.633333, "fair_value": 218.601052, "relative_strength": -0.209315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.290185, "energy": 19.116085, "activity_lines": [ 274.266667, 275.963636, 273.485714, 269.423656 ] }, { "date": "2026-04-03", "close": 268.0, "volume": 1062949, "typical_volume": 1222067.65, "trend": 265.5, "fair_value": 219.194402, "relative_strength": -5.087869, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.457198, "energy": 18.597481, "activity_lines": [ 271.466667, 274.527273, 273.352381, 269.576344 ] }, { "date": "2026-04-10", "close": 274.0, "volume": 1945363, "typical_volume": 1300872.05, "trend": 265.633333, "fair_value": 219.829416, "relative_strength": -4.498999, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.910117, "energy": 18.805846, "activity_lines": [ 271.6, 274.254545, 273.714286, 270.124731 ] }, { "date": "2026-04-17", "close": 273.0, "volume": 1249676, "typical_volume": 1310338.55, "trend": 265.733333, "fair_value": 220.448409, "relative_strength": -5.314326, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.55091, "energy": 13.858126, "activity_lines": [ 271.8, 273.818182, 273.871429, 270.6 ] }, { "date": "2026-04-24", "close": 278.0, "volume": 747884, "typical_volume": 1322497.8, "trend": 266.466667, "fair_value": 221.086637, "relative_strength": -0.962015, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.560532, "energy": 13.591521, "activity_lines": [ 273.933333, 274.272727, 274.4, 271.391398 ] }, { "date": "2026-05-01", "close": 278.0, "volume": 1078430, "typical_volume": 1320437.25, "trend": 267.2, "fair_value": 221.766516, "relative_strength": -0.903567, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.74213, "energy": 24.59749, "activity_lines": [ 275.8, 274.654545, 274.861905, 272.135484 ] }, { "date": "2026-05-08", "close": 285.0, "volume": 924890, "typical_volume": 1271803.2, "trend": 268.166667, "fair_value": 222.475248, "relative_strength": 2.751492, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.135171, "energy": 47.237896, "activity_lines": [ 279.4, 276.418182, 275.942857, 273.283871 ] }, { "date": "2026-05-15", "close": 285.0, "volume": 468371, "typical_volume": 1269975.2, "trend": 269.333333, "fair_value": 223.196795, "relative_strength": 3.023975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.214027, "energy": 57.777135, "activity_lines": [ 281.866667, 278.127273, 276.933333, 274.369892 ] }, { "date": "2026-05-22", "close": 307.0, "volume": 569226, "typical_volume": 1269943.25, "trend": 271.233333, "fair_value": 224.040145, "relative_strength": 7.904996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.613108, "energy": 80.548247, "activity_lines": [ 290.933333, 283.745455, 279.933333, 276.8 ] }, { "date": "2026-05-29", "close": 324.0, "volume": 466226, "typical_volume": 1226326.9, "trend": 273.633333, "fair_value": 225.00208, "relative_strength": 14.107633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.072116, "energy": 92.199337, "activity_lines": [ 303.4, 291.909091, 284.361905, 280.204301 ] }, { "date": "2026-06-05", "close": 320.0, "volume": 119212, "typical_volume": 1071509.85, "trend": 276.0, "fair_value": 225.970414, "relative_strength": 12.744072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.186092, "energy": 93.279463, "activity_lines": [ 311.466667, 298.436364, 288.152381, 283.195699 ] }, { "date": "2026-06-12", "close": 319.9938, "volume": 127131, "typical_volume": 979056.6, "trend": 278.26646, "fair_value": 226.951475, "relative_strength": 11.233991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.931494, "energy": 90.955721, "activity_lines": [ 316.731267, 304.035236, 291.718457, 286.034009 ] }, { "date": "2026-06-19", "close": 319.0, "volume": 105496, "typical_volume": 840690.2, "trend": 280.533127, "fair_value": 227.910145, "relative_strength": 11.869044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.128635, "energy": 88.02515, "activity_lines": [ 319.33168, 308.508076, 294.961344, 288.661979 ] }, { "date": "2026-06-26", "close": 316.0187, "volume": 91943, "typical_volume": 822491.35, "trend": 282.700417, "fair_value": 228.856112, "relative_strength": 9.188006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.219291, "energy": 83.822786, "activity_lines": [ 318.67166, 311.62068, 297.710773, 290.951371 ] }, { "date": "2026-07-03", "close": 318.0062, "volume": 92014, "typical_volume": 773480.9, "trend": 284.500623, "fair_value": 229.869289, "relative_strength": 8.023556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.001118, "energy": 65.334842, "activity_lines": [ 318.072893, 314.312489, 300.439876, 293.229163 ] }, { "date": "2026-07-10", "close": 319.0, "volume": 357055, "typical_volume": 673233.1, "trend": 286.200623, "fair_value": 230.86, "relative_strength": 10.033245, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.934636, "energy": 61.904192, "activity_lines": [ 318.20498, 316.457604, 303.054072, 295.454929 ] }, { "date": "2026-07-17", "close": 318.0, "volume": 245861, "typical_volume": 653685.55, "trend": 287.933957, "fair_value": 231.821872, "relative_strength": 8.455581, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.14337, "energy": 55.070916, "activity_lines": [ 318.0704, 317.675445, 305.406364, 297.506502 ] }, { "date": "2026-07-24", "close": 310.0, "volume": 512155, "typical_volume": 638470.3, "trend": 289.36729, "fair_value": 232.585072, "relative_strength": 4.339375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.174411, "energy": 43.661376, "activity_lines": [ 315.402073, 316.838742, 306.825323, 298.930118 ] }, { "date": "2026-07-31", "close": 313.0, "volume": 503969, "typical_volume": 631315.85, "trend": 290.900623, "fair_value": 233.393135, "relative_strength": 4.021336, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.335, "energy": 36.461079, "activity_lines": [ 314.333747, 316.092947, 308.387139, 300.454809 ] }, { "date": "2026-08-07", "close": 321.0, "volume": 227547, "typical_volume": 575156.95, "trend": 292.600623, "fair_value": 234.265297, "relative_strength": 6.163832, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.483348, "energy": 38.964376, "activity_lines": [ 316.133333, 316.692607, 310.53943, 302.396704 ] } ], "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." } } }