{ "ticker": { "uuid": "b5a20173-f801-4912-9aa9-009f0d481599", "symbol": "FER", "name": "Ferrovial N.V.", "exchange": "MCE", "country": "ES", "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": "^IBEX", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -44.45, "architecture_energy": 49.991, "architecture_maturity": 4.895, "architecture_confidence": 73.879, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 38.69, "rotation_up": 9.61, "upward_expansion": 18.43, "deceleration": 42.96, "rotation_down": 64.05, "downward_expansion": 75.1 }, "activity_lines": [ 56.606667, 57.467273, 57.996682, 57.969034 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 57.360001, "trend_reference": 58.008802, "distance_from_trend": -0.011185, "trend_direction": "Improving", "fair_value": 42.359074, "distance_from_fair_value": 0.354137, "fair_value_direction": "Weakening", "relative_strength": -11.152585, "relative_strength_direction": "Weakening", "price_momentum": -0.034404, "excess_performance": -0.158835, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.011185, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.017102, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.354137, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.136323, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.111526, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.142278, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.034404, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.881874, "read": "Supply-led" } ], "volume": { "latest": 2777918, "relative_activity": 0.746525, "balance": 0.881874, "dry_up": 0.909211, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.037458, "annualized_volatility": 0.239116, "from_high_reference": -0.088505, "from_low_reference": 0.302734 }, "levels": { "trend_reference": 58.008802, "fair_value_reference": 42.359074, "structural_low": 51.203304, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.041089, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.049701, "regime_survival": 0.333333, "best_return": 0.105085, "worst_return": -0.002453, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.050147, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.008706, "regime_survival": 0.0, "best_return": 0.112553, "worst_return": -0.012259, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.144883, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.041397, "regime_survival": 0.0, "best_return": 0.198576, "worst_return": 0.09119, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.144129, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.107837, "regime_survival": 0.0, "best_return": 0.144129, "worst_return": 0.144129, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-07-28", "end": "2023-08-25", "tenure": "Developing", "return": -0.043046, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-09-01", "end": "2023-09-15", "tenure": "New", "return": 0.044628, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-22", "end": "2023-09-29", "tenure": "New", "return": -0.025236, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-06", "end": "2023-11-24", "tenure": "Developing", "return": 0.111029, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-04-19", "tenure": "Established", "return": 0.044654, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-24", "tenure": "Developing", "return": 0.086648, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-31", "end": "2024-11-01", "tenure": "Established", "return": 0.026475, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-12-06", "tenure": "Developing", "return": 0.138889, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-03-14", "tenure": "Established", "return": -0.023634, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-05-09", "tenure": "Developing", "return": 0.055959, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2026-03-27", "tenure": "Extended", "return": 0.23299, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-06-26", "tenure": "Established", "return": 0.070692, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": -0.074751, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.011283, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 27.040447, "volume": 7372807, "typical_volume": 4537239.15, "trend": 26.35301, "fair_value": 22.615704, "relative_strength": 2.996328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.961547, "energy": 39.264523, "activity_lines": [ 27.761026, 27.638671, 27.369325, 26.934935 ] }, { "date": "2023-08-25", "close": 27.115507, "volume": 2846919, "typical_volume": 4528279.05, "trend": 26.406735, "fair_value": 22.660069, "relative_strength": 2.516269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.068855, "energy": 22.77123, "activity_lines": [ 27.487056, 27.572031, 27.376338, 26.984128 ] }, { "date": "2023-09-01", "close": 27.331305, "volume": 4252111, "typical_volume": 4566138.9, "trend": 26.472615, "fair_value": 22.70728, "relative_strength": 2.123793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.627367, "energy": 18.069776, "activity_lines": [ 27.361329, 27.551527, 27.395165, 27.043778 ] }, { "date": "2023-09-08", "close": 27.819197, "volume": 11369533, "typical_volume": 4889547.25, "trend": 26.556929, "fair_value": 22.764088, "relative_strength": 4.814923, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.513836, "energy": 21.348138, "activity_lines": [ 27.465163, 27.605787, 27.452552, 27.130654 ] }, { "date": "2023-09-15", "close": 28.551035, "volume": 6756842, "typical_volume": 5035171.75, "trend": 26.687038, "fair_value": 22.82148, "relative_strength": 5.368522, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.241449, "energy": 35.036509, "activity_lines": [ 27.819823, 27.777402, 27.570917, 27.259306 ] }, { "date": "2023-09-22", "close": 27.884872, "volume": 3569367, "typical_volume": 4980694.35, "trend": 26.810449, "fair_value": 22.882085, "relative_strength": 3.339527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.71628, "energy": 34.733702, "activity_lines": [ 27.924281, 27.796167, 27.615846, 27.336586 ] }, { "date": "2023-09-29", "close": 27.181183, "volume": 5544453, "typical_volume": 5082080.95, "trend": 26.864812, "fair_value": 22.939023, "relative_strength": 1.536831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.102511, "energy": 26.705973, "activity_lines": [ 27.73788, 27.676582, 27.589641, 27.360504 ] }, { "date": "2023-10-06", "close": 26.608852, "volume": 5396606, "typical_volume": 5118483.65, "trend": 26.924598, "fair_value": 22.991448, "relative_strength": 1.436525, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.287179, "energy": 1.983903, "activity_lines": [ 27.356325, 27.472555, 27.509093, 27.343991 ] }, { "date": "2023-10-13", "close": 27.63155, "volume": 4545765, "typical_volume": 5208167.85, "trend": 27.023438, "fair_value": 23.05296, "relative_strength": 5.304207, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.78303, "energy": 13.176202, "activity_lines": [ 27.363832, 27.485862, 27.529854, 27.3896 ] }, { "date": "2023-10-20", "close": 26.327375, "volume": 6650925, "typical_volume": 5290276.2, "trend": 27.083146, "fair_value": 23.105494, "relative_strength": 2.494887, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.129567, "energy": 25.395898, "activity_lines": [ 26.949125, 27.267334, 27.423188, 27.344693 ] }, { "date": "2023-10-27", "close": 26.352512, "volume": 4151574, "typical_volume": 5328795.3, "trend": 27.121362, "fair_value": 23.169918, "relative_strength": 3.7697, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.330446, "energy": 35.72988, "activity_lines": [ 26.69104, 27.08613, 27.323324, 27.297555 ] }, { "date": "2023-11-03", "close": 27.514843, "volume": 8213214, "typical_volume": 5430437.8, "trend": 27.195841, "fair_value": 23.233194, "relative_strength": 3.830631, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.878849, "energy": 21.277561, "activity_lines": [ 26.922556, 27.128767, 27.336053, 27.322941 ] }, { "date": "2023-11-10", "close": 27.438622, "volume": 3337599, "typical_volume": 5374862.45, "trend": 27.254753, "fair_value": 23.278136, "relative_strength": 2.610408, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.270922, "energy": 12.095245, "activity_lines": [ 27.106421, 27.150286, 27.341429, 27.338605 ] }, { "date": "2023-11-17", "close": 28.829609, "volume": 6151103, "typical_volume": 5336931.4, "trend": 27.349486, "fair_value": 23.32972, "relative_strength": 3.435501, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.314959, "energy": 29.54525, "activity_lines": [ 27.698631, 27.422759, 27.475117, 27.440208 ] }, { "date": "2023-11-24", "close": 29.563211, "volume": 3103981, "typical_volume": 5317162.85, "trend": 27.453165, "fair_value": 23.385041, "relative_strength": 4.091921, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.554398, "energy": 59.357157, "activity_lines": [ 28.455504, 27.810244, 27.669747, 27.583029 ] }, { "date": "2023-12-01", "close": 30.296816, "volume": 9293900, "typical_volume": 5518545.0, "trend": 27.562378, "fair_value": 23.445575, "relative_strength": 4.486893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.103272, "energy": 80.972951, "activity_lines": [ 29.241189, 28.312708, 27.921114, 27.766491 ] }, { "date": "2023-12-08", "close": 30.944674, "volume": 3531770, "typical_volume": 5494759.55, "trend": 27.686673, "fair_value": 23.513275, "relative_strength": 5.757115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.475607, "energy": 89.723437, "activity_lines": [ 29.979874, 28.889111, 28.21997, 27.984703 ] }, { "date": "2023-12-15", "close": 31.287657, "volume": 5994102, "typical_volume": 5562839.1, "trend": 27.815267, "fair_value": 23.584027, "relative_strength": 8.065487, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.632903, "energy": 93.311426, "activity_lines": [ 30.604231, 29.459448, 28.538709, 28.217025 ] }, { "date": "2023-12-22", "close": 31.08758, "volume": 3109197, "typical_volume": 5448797.3, "trend": 27.95301, "fair_value": 23.655314, "relative_strength": 6.984819, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.516894, "energy": 89.689118, "activity_lines": [ 30.905293, 29.908337, 28.824333, 28.428142 ] }, { "date": "2023-12-29", "close": 31.459145, "volume": 1347459, "typical_volume": 5326961.35, "trend": 28.093214, "fair_value": 23.728528, "relative_strength": 8.117257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.699605, "energy": 89.917734, "activity_lines": [ 31.179679, 30.361947, 29.130272, 28.654344 ] }, { "date": "2024-01-05", "close": 31.754494, "volume": 4589461, "typical_volume": 5187794.05, "trend": 28.26001, "fair_value": 23.805739, "relative_strength": 8.153884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.477927, "energy": 87.560821, "activity_lines": [ 31.426119, 30.775952, 29.448481, 28.890556 ] }, { "date": "2024-01-12", "close": 33.126423, "volume": 5069407, "typical_volume": 5298918.45, "trend": 28.447726, "fair_value": 23.900724, "relative_strength": 13.193186, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.300241, "energy": 91.240328, "activity_lines": [ 32.03269, 31.341181, 29.874902, 29.204518 ] }, { "date": "2024-01-19", "close": 32.993042, "volume": 4920361, "typical_volume": 5332330.95, "trend": 28.66201, "fair_value": 23.997525, "relative_strength": 15.01076, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.177662, "energy": 90.173938, "activity_lines": [ 32.44935, 31.78013, 30.259997, 29.497764 ] }, { "date": "2024-01-26", "close": 33.850498, "volume": 3437259, "typical_volume": 4935717.25, "trend": 28.891851, "fair_value": 24.101954, "relative_strength": 16.613923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.010692, "energy": 93.188045, "activity_lines": [ 33.038137, 32.27399, 30.699793, 29.832505 ] }, { "date": "2024-02-02", "close": 32.726273, "volume": 5556735, "typical_volume": 4875711.9, "trend": 29.089197, "fair_value": 24.189373, "relative_strength": 10.96227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.918049, "energy": 82.069929, "activity_lines": [ 33.067988, 32.472157, 31.0038, 30.079887 ] }, { "date": "2024-02-09", "close": 33.94577, "volume": 4575879, "typical_volume": 4926037.5, "trend": 29.310304, "fair_value": 24.290178, "relative_strength": 16.524804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.468845, "energy": 70.255103, "activity_lines": [ 33.419863, 32.834541, 31.404068, 30.393214 ] }, { "date": "2024-02-16", "close": 33.164532, "volume": 3336663, "typical_volume": 4815648.0, "trend": 29.473783, "fair_value": 24.387624, "relative_strength": 13.431671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.453362, "energy": 64.493619, "activity_lines": [ 33.36524, 32.988537, 31.70107, 30.641874 ] }, { "date": "2024-02-23", "close": 33.250278, "volume": 5000455, "typical_volume": 4795840.45, "trend": 29.637618, "fair_value": 24.48346, "relative_strength": 10.513563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.287524, "energy": 59.055142, "activity_lines": [ 33.336658, 33.117761, 31.977747, 30.885519 ] }, { "date": "2024-03-01", "close": 32.869183, "volume": 6642609, "typical_volume": 4900682.65, "trend": 29.80251, "fair_value": 24.576227, "relative_strength": 9.560613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.756712, "energy": 53.62157, "activity_lines": [ 33.163896, 33.142012, 32.186503, 31.094007 ] }, { "date": "2024-03-08", "close": 33.49799, "volume": 4463749, "typical_volume": 4791323.85, "trend": 29.981483, "fair_value": 24.66308, "relative_strength": 8.64048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.192896, "energy": 48.96693, "activity_lines": [ 33.266157, 33.248199, 32.430204, 31.332425 ] }, { "date": "2024-03-15", "close": 34.584099, "volume": 5871985, "typical_volume": 4877344.4, "trend": 30.232938, "fair_value": 24.765363, "relative_strength": 8.766778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.586589, "energy": 55.963804, "activity_lines": [ 33.679006, 33.51479, 32.743199, 31.629368 ] }, { "date": "2024-03-22", "close": 35.174793, "volume": 5354244, "typical_volume": 4734395.9, "trend": 30.50158, "fair_value": 24.867397, "relative_strength": 6.843694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.750472, "energy": 60.029486, "activity_lines": [ 34.246198, 33.837332, 33.073251, 31.948198 ] }, { "date": "2024-03-29", "close": 34.946136, "volume": 4164519, "typical_volume": 4775741.9, "trend": 30.755408, "fair_value": 24.963362, "relative_strength": 4.605255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.485513, "energy": 59.432963, "activity_lines": [ 34.603154, 34.081058, 33.345052, 32.234943 ] }, { "date": "2024-04-05", "close": 33.459877, "volume": 4636127, "typical_volume": 4699993.1, "trend": 30.943431, "fair_value": 25.051334, "relative_strength": 1.385055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.432521, "energy": 51.654768, "activity_lines": [ 34.351633, 34.019044, 33.439553, 32.409425 ] }, { "date": "2024-04-12", "close": 32.735802, "volume": 7075828, "typical_volume": 4898585.45, "trend": 31.082923, "fair_value": 25.134494, "relative_strength": 1.119145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.00148, "energy": 36.014177, "activity_lines": [ 33.819374, 33.832482, 33.443046, 32.525062 ] }, { "date": "2024-04-19", "close": 31.649691, "volume": 7611140, "typical_volume": 4814447.45, "trend": 31.208417, "fair_value": 25.210976, "relative_strength": -2.749275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.322514, "energy": 15.732503, "activity_lines": [ 32.975891, 33.448272, 33.327993, 32.561628 ] }, { "date": "2024-04-26", "close": 32.107002, "volume": 11097292, "typical_volume": 5192723.55, "trend": 31.372611, "fair_value": 25.282432, "relative_strength": -5.113355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.756794, "energy": 19.683872, "activity_lines": [ 32.480471, 33.188956, 33.250051, 32.619601 ] }, { "date": "2024-05-03", "close": 32.602421, "volume": 7807363, "typical_volume": 5283386.6, "trend": 31.572397, "fair_value": 25.349506, "relative_strength": -1.018328, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.086123, "energy": 22.639307, "activity_lines": [ 32.354711, 33.038944, 33.213756, 32.698943 ] }, { "date": "2024-05-10", "close": 32.945404, "volume": 5261566, "typical_volume": 5391005.05, "trend": 31.749525, "fair_value": 25.419418, "relative_strength": -2.247818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.31321, "energy": 18.329839, "activity_lines": [ 32.499526, 32.963073, 33.203866, 32.787524 ] }, { "date": "2024-05-17", "close": 35.270065, "volume": 17554888, "typical_volume": 6201376.5, "trend": 32.047615, "fair_value": 25.506868, "relative_strength": 2.500316, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.004917, "energy": 25.741926, "activity_lines": [ 33.453527, 33.30848, 33.406525, 33.014656 ] }, { "date": "2024-05-24", "close": 34.888996, "volume": 3005783, "typical_volume": 6122192.6, "trend": 32.332164, "fair_value": 25.593192, "relative_strength": 2.019941, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 51.766779, "energy": 41.522243, "activity_lines": [ 34.111553, 33.552384, 33.554745, 33.197971 ] }, { "date": "2024-05-31", "close": 34.83136, "volume": 5857034, "typical_volume": 6161573.95, "trend": 32.576048, "fair_value": 25.676683, "relative_strength": 1.070924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.598327, "energy": 53.305844, "activity_lines": [ 34.534414, 33.780264, 33.682549, 33.359209 ] }, { "date": "2024-06-07", "close": 34.716084, "volume": 6350312, "typical_volume": 6233071.5, "trend": 32.81863, "fair_value": 25.754509, "relative_strength": -0.103454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.646123, "energy": 61.267596, "activity_lines": [ 34.737225, 33.993429, 33.791256, 33.497276 ] }, { "date": "2024-06-14", "close": 35.177174, "volume": 9121831, "typical_volume": 6517300.1, "trend": 33.030216, "fair_value": 25.837296, "relative_strength": 4.82141, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.865146, "energy": 65.495065, "activity_lines": [ 34.952823, 34.294611, 33.935672, 33.64944 ] }, { "date": "2024-06-21", "close": 34.639244, "volume": 6700980, "typical_volume": 6574512.35, "trend": 33.199417, "fair_value": 25.912738, "relative_strength": 2.667776, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.79003, "energy": 47.978206, "activity_lines": [ 34.840326, 34.466765, 34.022538, 33.753249 ] }, { "date": "2024-06-28", "close": 34.83136, "volume": 5819912, "typical_volume": 6636714.0, "trend": 33.350568, "fair_value": 25.990214, "relative_strength": 3.829536, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.1536, "energy": 36.706279, "activity_lines": [ 34.833922, 34.639241, 34.118592, 33.858535 ] }, { "date": "2024-07-05", "close": 35.907238, "volume": 3943141, "typical_volume": 6667037.9, "trend": 33.515987, "fair_value": 26.074529, "relative_strength": 6.022997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.26723, "energy": 44.323679, "activity_lines": [ 35.189986, 34.949482, 34.312893, 34.023482 ] }, { "date": "2024-07-12", "close": 36.714138, "volume": 3995831, "typical_volume": 6616806.7, "trend": 33.69687, "fair_value": 26.167913, "relative_strength": 5.972195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.257437, "energy": 54.390423, "activity_lines": [ 35.743292, 35.337337, 34.570981, 34.229814 ] }, { "date": "2024-07-19", "close": 36.733353, "volume": 3443526, "typical_volume": 6456852.55, "trend": 33.885062, "fair_value": 26.262451, "relative_strength": 7.345674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.573792, "energy": 69.800721, "activity_lines": [ 36.1698, 35.653927, 34.814405, 34.425716 ] }, { "date": "2024-07-26", "close": 36.56044, "volume": 4025612, "typical_volume": 6434945.7, "trend": 34.055105, "fair_value": 26.353589, "relative_strength": 5.860234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.522027, "energy": 70.340659, "activity_lines": [ 36.434924, 35.870207, 35.02296, 34.598321 ] }, { "date": "2024-08-02", "close": 34.754513, "volume": 5605970, "typical_volume": 6421644.95, "trend": 34.155106, "fair_value": 26.432749, "relative_strength": 5.099279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.282747, "energy": 40.730869, "activity_lines": [ 35.969993, 35.734675, 35.044939, 34.643444 ] }, { "date": "2024-08-09", "close": 34.37027, "volume": 4508973, "typical_volume": 6379381.4, "trend": 34.196568, "fair_value": 26.508817, "relative_strength": 4.112368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.870792, "energy": 20.827602, "activity_lines": [ 35.382104, 35.531726, 35.029512, 34.657326 ] }, { "date": "2024-08-16", "close": 34.927418, "volume": 3123276, "typical_volume": 6327319.25, "trend": 34.261047, "fair_value": 26.591492, "relative_strength": 2.620074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.352353, "energy": 20.149481, "activity_lines": [ 35.082396, 35.43846, 35.070978, 34.704478 ] }, { "date": "2024-08-23", "close": 35.657478, "volume": 2180012, "typical_volume": 6204513.5, "trend": 34.321279, "fair_value": 26.679935, "relative_strength": 1.552281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.569795, "energy": 23.227643, "activity_lines": [ 35.145156, 35.47409, 35.182062, 34.79457 ] }, { "date": "2024-08-30", "close": 36.253048, "volume": 5238935, "typical_volume": 6112668.85, "trend": 34.438839, "fair_value": 26.769503, "relative_strength": 1.946521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.389167, "energy": 20.509114, "activity_lines": [ 35.478164, 35.609272, 35.339403, 34.9192 ] }, { "date": "2024-09-06", "close": 36.099354, "volume": 7801978, "typical_volume": 6122210.75, "trend": 34.510625, "fair_value": 26.860436, "relative_strength": 3.428055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.400916, "energy": 30.526288, "activity_lines": [ 35.780433, 35.687168, 35.465357, 35.02633 ] }, { "date": "2024-09-13", "close": 36.464378, "volume": 5394787, "typical_volume": 5837085.5, "trend": 34.62062, "fair_value": 26.953937, "relative_strength": 1.043835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.636193, "energy": 45.210755, "activity_lines": [ 36.114722, 35.808378, 35.604887, 35.152379 ] }, { "date": "2024-09-20", "close": 36.464378, "volume": 6566977, "typical_volume": 5775066.2, "trend": 34.727756, "fair_value": 27.040563, "relative_strength": -0.890497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.967264, "energy": 50.519601, "activity_lines": [ 36.309403, 35.919457, 35.723667, 35.271331 ] }, { "date": "2024-09-27", "close": 37.290497, "volume": 2399197, "typical_volume": 5631947.75, "trend": 34.875133, "fair_value": 27.133918, "relative_strength": -0.604732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.806426, "energy": 60.674755, "activity_lines": [ 36.676992, 36.185282, 35.902734, 35.436669 ] }, { "date": "2024-10-04", "close": 35.10033, "volume": 5461347, "typical_volume": 5027270.7, "trend": 34.928545, "fair_value": 27.209279, "relative_strength": -4.041568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.961766, "energy": 28.337151, "activity_lines": [ 36.205659, 36.042764, 35.852524, 35.451198 ] }, { "date": "2024-10-11", "close": 35.984074, "volume": 3558036, "typical_volume": 5054883.35, "trend": 34.975211, "fair_value": 27.286983, "relative_strength": -2.182416, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.299452, "energy": 25.245291, "activity_lines": [ 36.105754, 36.087475, 35.887288, 35.519296 ] }, { "date": "2024-10-18", "close": 37.424976, "volume": 3296659, "typical_volume": 4926864.6, "trend": 35.050217, "fair_value": 27.371174, "relative_strength": -0.152199, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.145666, "energy": 34.37383, "activity_lines": [ 36.493836, 36.371812, 36.054066, 35.677346 ] }, { "date": "2024-10-25", "close": 35.734325, "volume": 3430100, "typical_volume": 4780854.0, "trend": 35.07649, "fair_value": 27.444069, "relative_strength": -3.794524, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.55987, "energy": 16.111453, "activity_lines": [ 36.254327, 36.293217, 36.047479, 35.721482 ] }, { "date": "2024-11-01", "close": 35.753536, "volume": 18040143, "typical_volume": 5226769.6, "trend": 35.152945, "fair_value": 27.514536, "relative_strength": -4.024998, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.275578, "energy": 16.706501, "activity_lines": [ 36.069892, 36.203445, 36.037873, 35.765162 ] }, { "date": "2024-11-08", "close": 35.024422, "volume": 4283384, "typical_volume": 5105889.8, "trend": 35.229232, "fair_value": 27.586411, "relative_strength": -3.671858, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.493162, "energy": 6.52894, "activity_lines": [ 35.744884, 35.97936, 35.956083, 35.756871 ] }, { "date": "2024-11-15", "close": 35.724911, "volume": 11961596, "typical_volume": 5412974.0, "trend": 35.365073, "fair_value": 27.664919, "relative_strength": -2.526697, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.04751, "energy": 13.368423, "activity_lines": [ 35.658432, 35.904975, 35.939172, 35.78885 ] }, { "date": "2024-11-22", "close": 36.289188, "volume": 5568308, "typical_volume": 5494232.35, "trend": 35.504479, "fair_value": 27.754054, "relative_strength": -1.246562, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.882114, "energy": 12.936069, "activity_lines": [ 35.77735, 35.939994, 35.971747, 35.84847 ] }, { "date": "2024-11-29", "close": 37.962578, "volume": 9055267, "typical_volume": 5747204.15, "trend": 35.683151, "fair_value": 27.850267, "relative_strength": 3.270752, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.865399, "energy": 32.463785, "activity_lines": [ 36.529784, 36.282452, 36.161873, 36.007057 ] }, { "date": "2024-12-06", "close": 39.888924, "volume": 13179326, "typical_volume": 6233994.15, "trend": 35.914602, "fair_value": 27.958307, "relative_strength": 4.463153, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 79.796849, "energy": 73.002948, "activity_lines": [ 37.775783, 36.947913, 36.529516, 36.278397 ] }, { "date": "2024-12-13", "close": 39.552795, "volume": 3772524, "typical_volume": 6221339.75, "trend": 36.057359, "fair_value": 28.063033, "relative_strength": 6.230388, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.703391, "energy": 80.092745, "activity_lines": [ 38.634046, 37.505017, 36.85012, 36.513119 ] }, { "date": "2024-12-20", "close": 38.793285, "volume": 11086919, "typical_volume": 6495387.2, "trend": 36.187502, "fair_value": 28.155708, "relative_strength": 6.578527, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.774293, "energy": 76.938688, "activity_lines": [ 38.937248, 37.843074, 37.084141, 36.689631 ] }, { "date": "2024-12-27", "close": 39.533321, "volume": 2102750, "typical_volume": 6375076.05, "trend": 36.344234, "fair_value": 28.249477, "relative_strength": 7.800874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.137415, "energy": 78.902892, "activity_lines": [ 39.28257, 38.264606, 37.369409, 36.90549 ] }, { "date": "2025-01-03", "close": 39.513847, "volume": 3966681, "typical_volume": 6417246.3, "trend": 36.50416, "fair_value": 28.348566, "relative_strength": 6.466036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.021902, "energy": 75.570664, "activity_lines": [ 39.405126, 38.644264, 37.628236, 37.109981 ] }, { "date": "2025-01-10", "close": 38.637489, "volume": 2801806, "typical_volume": 6448336.0, "trend": 36.619504, "fair_value": 28.443138, "relative_strength": 3.479925, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.925788, "energy": 48.547843, "activity_lines": [ 39.132144, 38.795865, 37.78176, 37.247615 ] }, { "date": "2025-01-17", "close": 39.143829, "volume": 4118602, "typical_volume": 6392319.35, "trend": 36.769656, "fair_value": 28.545359, "relative_strength": 3.155456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.393053, "energy": 45.607724, "activity_lines": [ 39.111371, 38.987093, 37.969317, 37.410475 ] }, { "date": "2025-01-24", "close": 40.214931, "volume": 2759770, "typical_volume": 6140208.95, "trend": 36.949109, "fair_value": 28.663077, "relative_strength": 5.42392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.989448, "energy": 50.249652, "activity_lines": [ 39.474897, 39.298168, 38.245118, 37.632751 ] }, { "date": "2025-01-31", "close": 40.312305, "volume": 3375425, "typical_volume": 6039240.85, "trend": 37.095944, "fair_value": 28.781824, "relative_strength": 2.374409, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.846118, "energy": 51.096741, "activity_lines": [ 39.776104, 39.545311, 38.510595, 37.849731 ] }, { "date": "2025-02-07", "close": 40.117561, "volume": 3747215, "typical_volume": 5898252.75, "trend": 37.209392, "fair_value": 28.897296, "relative_strength": -0.528162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.188963, "energy": 53.217784, "activity_lines": [ 39.960464, 39.683899, 38.739201, 38.044674 ] }, { "date": "2025-02-14", "close": 41.656048, "volume": 3187327, "typical_volume": 5937659.25, "trend": 37.373482, "fair_value": 29.021877, "relative_strength": 1.242556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.930388, "energy": 74.215615, "activity_lines": [ 40.617406, 40.063029, 39.096933, 38.331555 ] }, { "date": "2025-02-21", "close": 41.6171, "volume": 4771561, "typical_volume": 5903169.95, "trend": 37.542037, "fair_value": 29.147483, "relative_strength": 1.221416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.011394, "energy": 74.190522, "activity_lines": [ 41.060128, 40.402949, 39.430168, 38.605337 ] }, { "date": "2025-02-28", "close": 41.694996, "volume": 4238628, "typical_volume": 5937199.55, "trend": 37.773386, "fair_value": 29.279207, "relative_strength": -1.507866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.72007, "energy": 72.314635, "activity_lines": [ 41.36393, 40.719499, 39.739789, 38.87327 ] }, { "date": "2025-03-07", "close": 39.143829, "volume": 4609286, "typical_volume": 6002830.9, "trend": 37.932505, "fair_value": 29.388784, "relative_strength": -6.736737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.173788, "energy": 47.194222, "activity_lines": [ 40.718672, 40.519442, 39.779248, 38.961686 ] }, { "date": "2025-03-14", "close": 38.618015, "volume": 4259889, "typical_volume": 6044320.35, "trend": 38.055525, "fair_value": 29.487808, "relative_strength": -6.039646, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.600093, "energy": 23.527345, "activity_lines": [ 39.976042, 40.230864, 39.760443, 39.005912 ] }, { "date": "2025-03-21", "close": 40.195457, "volume": 4310044, "typical_volume": 5357815.4, "trend": 38.206791, "fair_value": 29.60291, "relative_strength": -4.610858, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.809798, "energy": 20.432097, "activity_lines": [ 39.859195, 40.245382, 39.878139, 39.143972 ] }, { "date": "2025-03-28", "close": 40.68232, "volume": 6738107, "typical_volume": 5480551.55, "trend": 38.354433, "fair_value": 29.722466, "relative_strength": -3.100428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.476423, "energy": 24.480265, "activity_lines": [ 40.002008, 40.320093, 40.021052, 39.303684 ] }, { "date": "2025-04-04", "close": 38.306427, "volume": 4369757, "typical_volume": 5100959.6, "trend": 38.428002, "fair_value": 29.826849, "relative_strength": -2.253237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.083607, "energy": 13.350313, "activity_lines": [ 39.415176, 39.934852, 39.910746, 39.300587 ] }, { "date": "2025-04-11", "close": 37.215851, "volume": 6723486, "typical_volume": 5158718.5, "trend": 38.453052, "fair_value": 29.916305, "relative_strength": -3.964782, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.757989, "energy": 15.276494, "activity_lines": [ 38.690723, 39.386023, 39.684283, 39.222383 ] }, { "date": "2025-04-18", "close": 38.851711, "volume": 3042601, "typical_volume": 4858085.2, "trend": 38.532629, "fair_value": 30.023605, "relative_strength": -4.681987, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.380667, "energy": 15.695163, "activity_lines": [ 38.640089, 39.190924, 39.609204, 39.248103 ] }, { "date": "2025-04-25", "close": 41.091286, "volume": 5276004, "typical_volume": 4462919.1, "trend": 38.659322, "fair_value": 30.144565, "relative_strength": -2.606194, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.741601, "energy": 17.807088, "activity_lines": [ 39.3204, 39.426035, 39.743183, 39.413178 ] }, { "date": "2025-05-02", "close": 42.658989, "volume": 3559176, "typical_volume": 4452251.7, "trend": 38.911278, "fair_value": 30.280905, "relative_strength": 0.319125, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 54.58271, "energy": 28.561844, "activity_lines": [ 40.463557, 39.956451, 40.020742, 39.671221 ] }, { "date": "2025-05-09", "close": 42.444767, "volume": 7461607, "typical_volume": 4270986.1, "trend": 39.126634, "fair_value": 30.413031, "relative_strength": -1.074778, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 63.068453, "energy": 52.416112, "activity_lines": [ 41.403528, 40.428974, 40.263107, 39.899188 ] }, { "date": "2025-05-16", "close": 43.905357, "volume": 8542271, "typical_volume": 4592962.15, "trend": 39.342647, "fair_value": 30.557804, "relative_strength": -1.388994, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.996329, "energy": 73.463951, "activity_lines": [ 42.554474, 41.153427, 40.627189, 40.207493 ] }, { "date": "2025-05-23", "close": 45.157963, "volume": 10833851, "typical_volume": 4936320.65, "trend": 39.656768, "fair_value": 30.70533, "relative_strength": 1.078538, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.564197, "energy": 81.66185, "activity_lines": [ 43.676987, 42.019054, 41.089747, 40.582674 ] }, { "date": "2025-05-30", "close": 43.961853, "volume": 14859958, "typical_volume": 5539228.25, "trend": 39.930378, "fair_value": 30.843488, "relative_strength": -1.951017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.30474, "energy": 74.779055, "activity_lines": [ 43.980381, 42.548297, 41.411512, 40.860422 ] }, { "date": "2025-06-06", "close": 44.216759, "volume": 4383884, "typical_volume": 5552492.35, "trend": 40.23679, "fair_value": 30.982225, "relative_strength": -2.078181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.127567, "energy": 74.121745, "activity_lines": [ 44.177372, 43.055408, 41.732201, 41.136962 ] }, { "date": "2025-06-13", "close": 43.677532, "volume": 6623615, "typical_volume": 5745684.6, "trend": 40.501877, "fair_value": 31.124247, "relative_strength": -0.892752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.955127, "energy": 58.645053, "activity_lines": [ 44.090769, 43.400214, 41.977378, 41.358946 ] }, { "date": "2025-06-20", "close": 42.706921, "volume": 7922558, "typical_volume": 5973041.25, "trend": 40.715802, "fair_value": 31.254478, "relative_strength": -2.639946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.507174, "energy": 39.975917, "activity_lines": [ 43.598445, 43.470889, 42.113627, 41.501207 ] }, { "date": "2025-06-27", "close": 44.442261, "volume": 2456037, "typical_volume": 5908482.35, "trend": 40.931791, "fair_value": 31.397357, "relative_strength": 0.456012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.132546, "energy": 40.272182, "activity_lines": [ 43.764464, 43.757244, 42.403743, 41.741623 ] }, { "date": "2025-07-04", "close": 43.844208, "volume": 2048432, "typical_volume": 5851537.6, "trend": 41.063634, "fair_value": 31.525966, "relative_strength": -0.852203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.841945, "energy": 32.78211, "activity_lines": [ 43.778845, 43.833214, 42.616309, 41.929521 ] }, { "date": "2025-07-11", "close": 44.177547, "volume": 2462838, "typical_volume": 5736101.45, "trend": 41.217792, "fair_value": 31.659057, "relative_strength": -0.29, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.192616, "energy": 35.686687, "activity_lines": [ 43.912182, 43.919739, 42.850201, 42.130419 ] }, { "date": "2025-07-18", "close": 44.657948, "volume": 3254854, "typical_volume": 5686912.75, "trend": 41.413281, "fair_value": 31.791417, "relative_strength": 1.013951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.940321, "energy": 49.272608, "activity_lines": [ 44.208266, 44.065999, 43.117653, 42.352365 ] }, { "date": "2025-07-25", "close": 44.442261, "volume": 3869601, "typical_volume": 5649928.5, "trend": 41.576912, "fair_value": 31.92339, "relative_strength": -1.135207, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.036254, "energy": 53.688405, "activity_lines": [ 44.367094, 44.132804, 43.350454, 42.547783 ] }, { "date": "2025-08-01", "close": 43.108891, "volume": 3799625, "typical_volume": 5626915.3, "trend": 41.696747, "fair_value": 32.047755, "relative_strength": -3.229901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.78548, "energy": 35.580108, "activity_lines": [ 43.965776, 43.947416, 43.431036, 42.64662 ] }, { "date": "2025-08-08", "close": 44.059895, "volume": 3459624, "typical_volume": 5584394.3, "trend": 41.877494, "fair_value": 32.175577, "relative_strength": -5.604236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.263929, "energy": 29.742875, "activity_lines": [ 43.970351, 43.972194, 43.580806, 42.799081 ] }, { "date": "2025-08-15", "close": 45.873665, "volume": 2799109, "typical_volume": 5387444.4, "trend": 42.101822, "fair_value": 32.312329, "relative_strength": -4.518997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.83416, "energy": 43.617319, "activity_lines": [ 44.565137, 44.324965, 43.884913, 43.056899 ] }, { "date": "2025-08-22", "close": 46.638386, "volume": 2787348, "typical_volume": 5308323.95, "trend": 42.315937, "fair_value": 32.459612, "relative_strength": -3.603218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.133766, "energy": 57.905148, "activity_lines": [ 45.301755, 44.786651, 44.237131, 43.34958 ] }, { "date": "2025-08-29", "close": 45.77562, "volume": 2802887, "typical_volume": 5112294.0, "trend": 42.498047, "fair_value": 32.60582, "relative_strength": -2.397645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.341299, "energy": 72.759604, "activity_lines": [ 45.618755, 45.037637, 44.467504, 43.572785 ] }, { "date": "2025-09-05", "close": 46.040333, "volume": 2305667, "typical_volume": 5075447.3, "trend": 42.695473, "fair_value": 32.753432, "relative_strength": -1.192894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.963615, "energy": 74.883128, "activity_lines": [ 45.935102, 45.280958, 44.682327, 43.80132 ] }, { "date": "2025-09-12", "close": 47.922733, "volume": 4227312, "typical_volume": 5023012.7, "trend": 42.904363, "fair_value": 32.9161, "relative_strength": -0.207524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.627993, "energy": 82.8962, "activity_lines": [ 46.683486, 45.837477, 45.042194, 44.138563 ] }, { "date": "2025-09-19", "close": 47.942345, "volume": 5372893, "typical_volume": 5113698.55, "trend": 43.115204, "fair_value": 33.08681, "relative_strength": 0.12007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.125721, "energy": 79.244581, "activity_lines": [ 47.180885, 46.323408, 45.371399, 44.463594 ] }, { "date": "2025-09-26", "close": 47.295269, "volume": 3095002, "typical_volume": 4895368.3, "trend": 43.30188, "fair_value": 33.252844, "relative_strength": -1.787437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.352334, "energy": 70.110441, "activity_lines": [ 47.324681, 46.623237, 45.613819, 44.733275 ] }, { "date": "2025-10-03", "close": 49.569832, "volume": 7028961, "typical_volume": 4819702.8, "trend": 43.649413, "fair_value": 33.435394, "relative_strength": 1.280165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.441603, "energy": 82.66818, "activity_lines": [ 48.182871, 47.288672, 46.049766, 45.137659 ] }, { "date": "2025-10-10", "close": 50.550251, "volume": 9371101, "typical_volume": 4746565.3, "trend": 44.047155, "fair_value": 33.622059, "relative_strength": 3.883434, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.304696, "energy": 83.621046, "activity_lines": [ 49.114921, 48.039136, 46.552113, 45.582875 ] }, { "date": "2025-10-17", "close": 52.864029, "volume": 12684495, "typical_volume": 4637792.15, "trend": 44.46944, "fair_value": 33.827132, "relative_strength": 7.606068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.655669, "energy": 91.855781, "activity_lines": [ 50.517569, 49.07499, 47.249142, 46.151705 ] }, { "date": "2025-10-24", "close": 54.200203, "volume": 9880425, "typical_volume": 4912619.2, "trend": 44.920036, "fair_value": 34.031683, "relative_strength": 8.255515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.241158, "energy": 95.434527, "activity_lines": [ 52.036188, 50.193709, 48.031034, 46.779496 ] }, { "date": "2025-10-31", "close": 52.617718, "volume": 11953072, "typical_volume": 5179092.05, "trend": 45.397079, "fair_value": 34.228215, "relative_strength": 3.8069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.139577, "energy": 86.859971, "activity_lines": [ 52.610122, 50.873313, 48.614673, 47.276121 ] }, { "date": "2025-11-07", "close": 53.60677, "volume": 3534029, "typical_volume": 4959665.6, "trend": 45.943443, "fair_value": 34.424705, "relative_strength": 6.411188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.518639, "energy": 86.612575, "activity_lines": [ 53.158909, 51.624028, 49.249935, 47.805778 ] }, { "date": "2025-11-14", "close": 54.556259, "volume": 6720831, "typical_volume": 5172905.3, "trend": 46.466928, "fair_value": 34.625969, "relative_strength": 5.180313, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.438476, "energy": 82.339283, "activity_lines": [ 53.755064, 52.404994, 49.923721, 48.361444 ] }, { "date": "2025-11-21", "close": 53.527645, "volume": 5791025, "typical_volume": 5360034.95, "trend": 46.881474, "fair_value": 34.814794, "relative_strength": 6.440842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.663208, "energy": 64.76963, "activity_lines": [ 53.741281, 52.844104, 50.451382, 48.816974 ] }, { "date": "2025-11-28", "close": 55.842033, "volume": 4409201, "typical_volume": 5457353.1, "trend": 47.320908, "fair_value": 35.017203, "relative_strength": 7.217395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.648282, "energy": 69.571211, "activity_lines": [ 54.454719, 53.602104, 51.153349, 49.395075 ] }, { "date": "2025-12-05", "close": 55.917568, "volume": 16684005, "typical_volume": 6128810.65, "trend": 47.770002, "fair_value": 35.222422, "relative_strength": 5.294161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.43198, "energy": 67.71426, "activity_lines": [ 55.08388, 54.230207, 51.806964, 49.949698 ] }, { "date": "2025-12-12", "close": 55.818531, "volume": 11734795, "typical_volume": 6522070.35, "trend": 48.167108, "fair_value": 35.434641, "relative_strength": 4.10692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.19472, "energy": 65.304107, "activity_lines": [ 55.460038, 54.683534, 52.397531, 50.468958 ] }, { "date": "2025-12-19", "close": 55.798725, "volume": 6859923, "typical_volume": 6675085.25, "trend": 48.5218, "fair_value": 35.645361, "relative_strength": 2.240552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.2793, "energy": 62.662436, "activity_lines": [ 55.682144, 55.019648, 52.932038, 50.96132 ] }, { "date": "2025-12-26", "close": 54.887562, "volume": 1781381, "typical_volume": 6591173.1, "trend": 48.88599, "fair_value": 35.851254, "relative_strength": 0.694255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.008106, "energy": 56.126242, "activity_lines": [ 55.517698, 55.094669, 53.31934, 51.372015 ] }, { "date": "2026-01-02", "close": 54.808331, "volume": 2561638, "typical_volume": 6579299.55, "trend": 49.239042, "fair_value": 36.052165, "relative_strength": -1.133082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.082698, "energy": 50.573427, "activity_lines": [ 55.236181, 55.118492, 53.647536, 51.754101 ] }, { "date": "2026-01-09", "close": 56.254303, "volume": 8582402, "typical_volume": 6869052.25, "trend": 49.658268, "fair_value": 36.257098, "relative_strength": 0.641476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.171173, "energy": 50.462041, "activity_lines": [ 55.505567, 55.394163, 54.070897, 52.206699 ] }, { "date": "2026-01-16", "close": 57.997398, "volume": 3343634, "typical_volume": 6896089.6, "trend": 50.167951, "fair_value": 36.469863, "relative_strength": 3.403726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.534688, "energy": 58.188417, "activity_lines": [ 56.333536, 55.92064, 54.614478, 52.744707 ] }, { "date": "2026-01-23", "close": 56.155266, "volume": 2554447, "typical_volume": 6908528.6, "trend": 50.558384, "fair_value": 36.666347, "relative_strength": 1.164978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.705566, "energy": 50.144268, "activity_lines": [ 56.402204, 56.032355, 54.924418, 53.130985 ] }, { "date": "2026-01-30", "close": 56.472191, "volume": 4160126, "typical_volume": 6905169.3, "trend": 50.979317, "fair_value": 36.865817, "relative_strength": -0.117367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.028618, "energy": 51.392975, "activity_lines": [ 56.552743, 56.172619, 55.216376, 53.512521 ] }, { "date": "2026-02-06", "close": 59.403751, "volume": 2903331, "typical_volume": 6781691.2, "trend": 51.486857, "fair_value": 37.084496, "relative_strength": 4.607507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.261536, "energy": 70.060445, "activity_lines": [ 57.574828, 56.792358, 55.746817, 54.056033 ] }, { "date": "2026-02-13", "close": 60.691261, "volume": 3667227, "typical_volume": 6810302.45, "trend": 52.021301, "fair_value": 37.315544, "relative_strength": 8.368801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.825373, "energy": 73.495279, "activity_lines": [ 58.719721, 57.58143, 56.345301, 54.649866 ] }, { "date": "2026-02-20", "close": 61.127037, "volume": 3522393, "typical_volume": 6634974.05, "trend": 52.57746, "fair_value": 37.552368, "relative_strength": 5.969246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.833884, "energy": 85.201893, "activity_lines": [ 59.714075, 58.36294, 56.921497, 55.237333 ] }, { "date": "2026-02-27", "close": 62.553204, "volume": 4786683, "typical_volume": 6405753.15, "trend": 53.225604, "fair_value": 37.789566, "relative_strength": 7.225236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.653569, "energy": 90.653749, "activity_lines": [ 60.975176, 59.307235, 57.578484, 55.880929 ] }, { "date": "2026-03-06", "close": 56.511806, "volume": 5326184, "typical_volume": 6037837.6, "trend": 53.640667, "fair_value": 37.992749, "relative_strength": 3.942994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.348032, "energy": 53.221082, "activity_lines": [ 59.795949, 59.030285, 57.602943, 56.092942 ] }, { "date": "2026-03-13", "close": 54.748905, "volume": 7820350, "typical_volume": 5934833.85, "trend": 53.936509, "fair_value": 38.185586, "relative_strength": 0.643778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.826361, "energy": 25.501871, "activity_lines": [ 58.026446, 58.403276, 57.442136, 56.164441 ] }, { "date": "2026-03-20", "close": 52.926582, "volume": 4914808, "typical_volume": 5582920.65, "trend": 54.146115, "fair_value": 38.367576, "relative_strength": -0.789319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 3.795647, "energy": 15.018391, "activity_lines": [ 55.959826, 57.446016, 57.105161, 56.099285 ] }, { "date": "2026-03-27", "close": 54.134865, "volume": 4762591, "typical_volume": 5644348.75, "trend": 54.424757, "fair_value": 38.553017, "relative_strength": 0.840783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -1.437581, "energy": 24.61705, "activity_lines": [ 54.813612, 56.768948, 56.881791, 56.098559 ] }, { "date": "2026-04-03", "close": 56.729691, "volume": 3377547, "typical_volume": 5477184.55, "trend": 54.781069, "fair_value": 38.754615, "relative_strength": 1.049613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.736615, "energy": 22.060843, "activity_lines": [ 54.998485, 56.633894, 56.903031, 56.247264 ] }, { "date": "2026-04-10", "close": 60.255489, "volume": 3954761, "typical_volume": 5385371.35, "trend": 55.192161, "fair_value": 38.976309, "relative_strength": 3.332543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.408788, "energy": 17.775215, "activity_lines": [ 56.746858, 57.12945, 57.249713, 56.600453 ] }, { "date": "2026-04-17", "close": 60.314915, "volume": 4409677, "typical_volume": 5385395.15, "trend": 55.60458, "fair_value": 39.196355, "relative_strength": 1.710555, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.354141, "energy": 27.580996, "activity_lines": [ 58.265461, 57.567024, 57.570017, 56.930953 ] }, { "date": "2026-04-24", "close": 58.096436, "volume": 3172568, "typical_volume": 4709823.3, "trend": 55.964619, "fair_value": 39.399199, "relative_strength": 2.235062, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.005364, "energy": 29.805429, "activity_lines": [ 58.673504, 57.584671, 57.657738, 57.091718 ] }, { "date": "2026-05-01", "close": 57.878548, "volume": 2735157, "typical_volume": 4259841.4, "trend": 56.241576, "fair_value": 39.597007, "relative_strength": 1.287721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.887165, "energy": 29.6822, "activity_lines": [ 58.66426, 57.609881, 57.714331, 57.215197 ] }, { "date": "2026-05-08", "close": 59.324524, "volume": 5737635, "typical_volume": 4203727.0, "trend": 56.534052, "fair_value": 39.802832, "relative_strength": 3.075193, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.153677, "energy": 39.633317, "activity_lines": [ 58.887429, 57.95706, 57.898828, 57.414097 ] }, { "date": "2026-05-15", "close": 57.502201, "volume": 12384284, "typical_volume": 4733872.15, "trend": 56.688657, "fair_value": 39.995604, "relative_strength": 1.335404, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.943228, "energy": 20.489312, "activity_lines": [ 58.330169, 58.03161, 57.89298, 57.476558 ] }, { "date": "2026-05-22", "close": 58.459999, "volume": 3854342, "typical_volume": 4798507.35, "trend": 56.83065, "fair_value": 40.197557, "relative_strength": 0.916932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.767338, "energy": 19.618969, "activity_lines": [ 58.275727, 58.262297, 57.9659, 57.590838 ] }, { "date": "2026-05-29", "close": 58.700001, "volume": 6516905, "typical_volume": 4695232.5, "trend": 57.033393, "fair_value": 40.39914, "relative_strength": -0.805936, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.041769, "energy": 18.028154, "activity_lines": [ 58.424947, 58.469148, 58.044289, 57.711442 ] }, { "date": "2026-06-05", "close": 58.380001, "volume": 827071, "typical_volume": 4569404.35, "trend": 57.192501, "fair_value": 40.601893, "relative_strength": -1.296363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.853871, "energy": 15.874809, "activity_lines": [ 58.427262, 58.512845, 58.080555, 57.79832 ] }, { "date": "2026-06-12", "close": 58.299999, "volume": 696643, "typical_volume": 4476514.15, "trend": 57.317292, "fair_value": 40.799361, "relative_strength": -3.616304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.04025, "energy": 16.939704, "activity_lines": [ 58.36948, 58.464812, 58.107381, 57.869771 ] }, { "date": "2026-06-19", "close": 60.32, "volume": 2302710, "typical_volume": 4383643.35, "trend": 57.543704, "fair_value": 41.015743, "relative_strength": -3.301517, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.179999, "energy": 36.555303, "activity_lines": [ 59.053333, 58.755501, 58.316374, 58.063494 ] }, { "date": "2026-06-26", "close": 60.740002, "volume": 759841, "typical_volume": 4276468.85, "trend": 57.70697, "fair_value": 41.232311, "relative_strength": -2.987083, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.665372, "energy": 47.572263, "activity_lines": [ 59.689334, 59.121381, 58.547045, 58.269707 ] }, { "date": "2026-07-03", "close": 60.200001, "volume": 308493, "typical_volume": 4108532.15, "trend": 57.849717, "fair_value": 41.446376, "relative_strength": -5.858917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.285737, "energy": 50.977104, "activity_lines": [ 59.993334, 59.38135, 58.719923, 58.430548 ] }, { "date": "2026-07-10", "close": 56.799999, "volume": 5089223, "typical_volume": 4186873.65, "trend": 57.882433, "fair_value": 41.635398, "relative_strength": -8.911321, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.320805, "energy": 24.496599, "activity_lines": [ 59.064, 58.98489, 58.571332, 58.362824 ] }, { "date": "2026-07-17", "close": 55.759998, "volume": 2785508, "typical_volume": 4086814.9, "trend": 57.881142, "fair_value": 41.811679, "relative_strength": -9.641278, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 5.80283, "energy": 8.468272, "activity_lines": [ 57.893333, 58.418949, 58.344298, 58.225893 ] }, { "date": "2026-07-24", "close": 55.700001, "volume": 2497399, "typical_volume": 3945375.65, "trend": 57.908223, "fair_value": 41.987094, "relative_strength": -11.289309, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -25.089189, "energy": 29.793778, "activity_lines": [ 56.872, 57.906909, 58.143898, 58.085174 ] }, { "date": "2026-07-31", "close": 56.720001, "volume": 5472354, "typical_volume": 3827975.85, "trend": 57.971946, "fair_value": 42.171694, "relative_strength": -10.467582, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.716454, "energy": 30.382159, "activity_lines": [ 56.498667, 57.613091, 58.044507, 58.008514 ] }, { "date": "2026-08-07", "close": 57.360001, "volume": 2777918, "typical_volume": 3721131.35, "trend": 58.008802, "fair_value": 42.359074, "relative_strength": -11.152585, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -44.450115, "energy": 49.991261, "activity_lines": [ 56.606667, 57.467273, 57.996682, 57.969034 ] } ], "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." } } }