{ "ticker": { "uuid": "b5f80240-6b95-4861-8916-bb64fa5fe544", "symbol": "TIETOS", "name": "Tieto Oyj", "exchange": "STO", "country": "SE", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "stage": 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": 68.434, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -15.213, "architecture_energy": 18.655, "architecture_maturity": 10.952, "architecture_confidence": 78.767, "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": 50.91, "rotation_up": 19.12, "upward_expansion": 14.75, "deceleration": 64.74, "rotation_down": 49.54, "downward_expansion": 39.75 }, "activity_lines": [ 198.493333, 200.010908, 204.590951, 203.914187 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 200.0, "trend_reference": 202.546515, "distance_from_trend": -0.012572, "trend_direction": "Improving", "fair_value": 205.066415, "distance_from_fair_value": -0.024706, "fair_value_direction": "Weakening", "relative_strength": -8.981789, "relative_strength_direction": "Weakening", "price_momentum": 0.078933, "excess_performance": 0.017438, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.012572, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.010394, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.024706, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.017816, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.089818, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.103596, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.078933, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.63871, "read": "Supply-led" } ], "volume": { "latest": 36022, "relative_activity": 1.173789, "balance": 0.63871, "dry_up": 1.206293, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.060577, "annualized_volatility": 0.30586, "from_high_reference": -0.131944, "from_low_reference": 0.216428 }, "levels": { "trend_reference": 202.546515, "fair_value_reference": 205.066415, "structural_low": 173.0, "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": -0.013263, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.020852, "regime_survival": 0.0, "best_return": 0.005146, "worst_return": -0.018012, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.007205, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.025913, "regime_survival": 0.0, "best_return": 0.040595, "worst_return": -0.09748, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.12076, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.083498, "regime_survival": 0.0, "best_return": -0.043402, "worst_return": -0.241228, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.070604, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.011551, "regime_survival": 0.0, "best_return": 0.114793, "worst_return": -0.296256, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2025-01-17", "tenure": "Established", "return": -0.029698, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-01-31", "tenure": "New", "return": 0.038835, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.039347, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": 0.020388, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.036592, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-07-11", "tenure": "Established", "return": 0.056069, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.084097, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2025-09-12", "tenure": "Developing", "return": 0.023529, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-10-17", "tenure": "Developing", "return": -0.003688, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2026-03-13", "tenure": "Established", "return": 0.00813, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-05-15", "tenure": "Developing", "return": 0.113349, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-07-03", "tenure": "Developing", "return": -0.117674, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-07-17", "tenure": "New", "return": -0.011917, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.015228, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 254.166794, "volume": 14682, "typical_volume": 21524.8, "trend": 299.779336, "fair_value": 269.358185, "relative_strength": -12.404809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.398432, "energy": 81.750935, "activity_lines": [ 257.749186, 265.309762, 278.48801, 288.346097 ] }, { "date": "2023-08-25", "close": 256.716309, "volume": 13776, "typical_volume": 21765.8, "trend": 298.031212, "fair_value": 269.404013, "relative_strength": -11.434227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.737697, "energy": 75.510834, "activity_lines": [ 257.173912, 262.20043, 275.236216, 285.567837 ] }, { "date": "2023-09-01", "close": 266.914368, "volume": 9752, "typical_volume": 17851.35, "trend": 296.172982, "fair_value": 269.533816, "relative_strength": -9.270039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.376638, "energy": 56.250696, "activity_lines": [ 259.880322, 261.872384, 273.287196, 283.560299 ] }, { "date": "2023-09-08", "close": 264.75705, "volume": 11798, "typical_volume": 17868.6, "trend": 294.621136, "fair_value": 269.631188, "relative_strength": -9.373906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.828938, "energy": 46.135443, "activity_lines": [ 261.880699, 261.576422, 271.467982, 281.533465 ] }, { "date": "2023-09-15", "close": 262.992004, "volume": 11723, "typical_volume": 18047.85, "trend": 292.475623, "fair_value": 269.697403, "relative_strength": -10.4148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.919922, "energy": 39.808845, "activity_lines": [ 262.822049, 261.451618, 269.772041, 279.492875 ] }, { "date": "2023-09-22", "close": 244.46225, "volume": 51828, "typical_volume": 18163.9, "trend": 289.816807, "fair_value": 269.732228, "relative_strength": -15.326098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.465233, "energy": 54.251352, "activity_lines": [ 257.273031, 258.264421, 266.585925, 276.395238 ] }, { "date": "2023-09-29", "close": 243.085541, "volume": 154313, "typical_volume": 25130.15, "trend": 286.870776, "fair_value": 269.770644, "relative_strength": -15.122437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.700627, "energy": 62.088294, "activity_lines": [ 251.912079, 255.40629, 263.518493, 273.380318 ] }, { "date": "2023-10-06", "close": 239.545471, "volume": 7732, "typical_volume": 24985.45, "trend": 284.067637, "fair_value": 269.760293, "relative_strength": -15.997577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.590065, "energy": 82.525516, "activity_lines": [ 246.279822, 252.12025, 260.364664, 270.327072 ] }, { "date": "2023-10-13", "close": 238.758774, "volume": 15985, "typical_volume": 25049.7, "trend": 281.94269, "fair_value": 269.707648, "relative_strength": -17.339342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.781814, "energy": 85.727844, "activity_lines": [ 242.209925, 249.192356, 257.409123, 267.40392 ] }, { "date": "2023-10-20", "close": 231.088593, "volume": 10626, "typical_volume": 24399.8, "trend": 279.467204, "fair_value": 269.588451, "relative_strength": -15.404583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.547476, "energy": 92.53528, "activity_lines": [ 237.31652, 245.214212, 253.982305, 264.123011 ] }, { "date": "2023-10-27", "close": 225.778488, "volume": 10526, "typical_volume": 24235.95, "trend": 276.376724, "fair_value": 269.638852, "relative_strength": -15.975903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.448965, "energy": 93.552291, "activity_lines": [ 232.779974, 240.76508, 250.357642, 260.659222 ] }, { "date": "2023-11-03", "close": 233.251999, "volume": 9750, "typical_volume": 24013.25, "trend": 273.273871, "fair_value": 269.645275, "relative_strength": -16.117248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.663085, "energy": 84.677233, "activity_lines": [ 231.980183, 238.190919, 247.75176, 257.876982 ] }, { "date": "2023-11-10", "close": 230.301926, "volume": 7088, "typical_volume": 24035.9, "trend": 269.706599, "fair_value": 269.579395, "relative_strength": -16.502693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.957985, "energy": 81.501538, "activity_lines": [ 230.852603, 235.507005, 245.219464, 255.104598 ] }, { "date": "2023-11-17", "close": 236.398712, "volume": 11236, "typical_volume": 24168.4, "trend": 266.721712, "fair_value": 269.51783, "relative_strength": -17.239437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.805904, "energy": 62.5852, "activity_lines": [ 232.373522, 234.597278, 243.553291, 252.955703 ] }, { "date": "2023-11-24", "close": 233.84201, "volume": 14828, "typical_volume": 24021.85, "trend": 263.828106, "fair_value": 269.343024, "relative_strength": -18.935056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.022719, "energy": 53.925717, "activity_lines": [ 233.199544, 233.738303, 241.907539, 250.834431 ] }, { "date": "2023-12-01", "close": 224.401779, "volume": 38172, "typical_volume": 24534.85, "trend": 261.410827, "fair_value": 269.101495, "relative_strength": -22.500844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.57516, "energy": 59.143517, "activity_lines": [ 230.695261, 231.692921, 239.581842, 248.290797 ] }, { "date": "2023-12-08", "close": 226.3685, "volume": 135925, "typical_volume": 29497.9, "trend": 259.098329, "fair_value": 268.904858, "relative_strength": -23.488139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.367373, "energy": 53.65096, "activity_lines": [ 228.938333, 230.369861, 237.690718, 246.030002 ] }, { "date": "2023-12-15", "close": 230.498581, "volume": 41944, "typical_volume": 30483.65, "trend": 256.884277, "fair_value": 268.721036, "relative_strength": -24.013817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.350388, "energy": 48.579419, "activity_lines": [ 229.016998, 230.101672, 236.329044, 244.184857 ] }, { "date": "2023-12-22", "close": 232.268631, "volume": 37865, "typical_volume": 31893.85, "trend": 254.853433, "fair_value": 268.568429, "relative_strength": -22.593729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.639501, "energy": 47.212815, "activity_lines": [ 229.67257, 230.319798, 235.310289, 242.596751 ] }, { "date": "2023-12-29", "close": 235.218689, "volume": 26138, "typical_volume": 31784.35, "trend": 252.835941, "fair_value": 268.392514, "relative_strength": -21.786679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.178963, "energy": 34.106114, "activity_lines": [ 231.586833, 231.192301, 234.693578, 241.329993 ] }, { "date": "2024-01-05", "close": 232.661987, "volume": 27166, "typical_volume": 32408.55, "trend": 250.916268, "fair_value": 268.217594, "relative_strength": -20.142325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.956069, "energy": 26.080746, "activity_lines": [ 232.557083, 231.524857, 233.943213, 240.028448 ] }, { "date": "2024-01-12", "close": 238.562103, "volume": 27786, "typical_volume": 33109.05, "trend": 248.611455, "fair_value": 268.042004, "relative_strength": -18.264718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.852328, "energy": 18.603406, "activity_lines": [ 234.943358, 232.805006, 233.857167, 239.231405 ] }, { "date": "2024-01-19", "close": 237.18541, "volume": 37970, "typical_volume": 34519.95, "trend": 246.842563, "fair_value": 267.832754, "relative_strength": -16.207124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.751917, "energy": 14.579406, "activity_lines": [ 236.057829, 233.7383, 233.726456, 238.494241 ] }, { "date": "2024-01-26", "close": 240.528824, "volume": 103201, "typical_volume": 39090.1, "trend": 245.132819, "fair_value": 267.671012, "relative_strength": -17.106185, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.728116, "energy": 11.638296, "activity_lines": [ 237.840982, 235.154334, 234.055732, 238.086903 ] }, { "date": "2024-02-02", "close": 242.298859, "volume": 38447, "typical_volume": 40426.3, "trend": 243.880848, "fair_value": 267.467223, "relative_strength": -15.911694, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.083384, "energy": 13.96126, "activity_lines": [ 239.663468, 236.817099, 234.668956, 237.904067 ] }, { "date": "2024-02-09", "close": 238.562103, "volume": 18801, "typical_volume": 38774.95, "trend": 242.621988, "fair_value": 267.25314, "relative_strength": -16.132967, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.848495, "energy": 14.863036, "activity_lines": [ 239.768356, 237.646692, 235.024836, 237.560922 ] }, { "date": "2024-02-16", "close": 243.478912, "volume": 66596, "typical_volume": 34389.1, "trend": 242.239575, "fair_value": 267.145076, "relative_strength": -15.816829, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.196074, "energy": 18.505141, "activity_lines": [ 241.11884, 239.112791, 235.87708, 237.616207 ] }, { "date": "2024-02-23", "close": 242.298859, "volume": 62052, "typical_volume": 37105.1, "trend": 241.412521, "fair_value": 267.07539, "relative_strength": -16.502726, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.106682, "energy": 25.588144, "activity_lines": [ 241.748186, 240.053237, 236.615065, 237.620032 ] }, { "date": "2024-03-01", "close": 238.758774, "volume": 36984, "typical_volume": 38155.05, "trend": 240.781252, "fair_value": 266.978044, "relative_strength": -17.928903, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.412228, "energy": 14.581922, "activity_lines": [ 240.856607, 240.13548, 237.002788, 237.448822 ] }, { "date": "2024-03-08", "close": 234.235352, "volume": 32205, "typical_volume": 39234.0, "trend": 239.979588, "fair_value": 266.782167, "relative_strength": -19.632681, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.186825, "energy": 13.614105, "activity_lines": [ 238.575224, 239.27728, 236.959708, 237.026506 ] }, { "date": "2024-03-15", "close": 224.896149, "volume": 68196, "typical_volume": 42117.5, "trend": 239.0039, "fair_value": 266.518974, "relative_strength": -23.53122, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.611013, "energy": 31.260209, "activity_lines": [ 233.71834, 236.738921, 236.012196, 236.053381 ] }, { "date": "2024-03-22", "close": 216.610504, "volume": 43265, "typical_volume": 43793.25, "trend": 237.66704, "fair_value": 266.197398, "relative_strength": -25.620397, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.726221, "energy": 64.132686, "activity_lines": [ 227.010639, 232.83528, 234.279777, 234.608646 ] }, { "date": "2024-03-29", "close": 223.712494, "volume": 25794, "typical_volume": 44728.55, "trend": 236.226978, "fair_value": 265.928815, "relative_strength": -21.981389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.99949, "energy": 66.456418, "activity_lines": [ 224.461494, 230.622029, 233.302983, 233.708353 ] }, { "date": "2024-04-05", "close": 220.161484, "volume": 112221, "typical_volume": 49777.8, "trend": 234.740459, "fair_value": 265.603864, "relative_strength": -21.996999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.671626, "energy": 74.991651, "activity_lines": [ 221.967771, 228.008101, 232.019375, 232.671869 ] }, { "date": "2024-04-12", "close": 219.766953, "volume": 32106, "typical_volume": 50641.7, "trend": 233.299624, "fair_value": 265.241535, "relative_strength": -21.368851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.653975, "energy": 74.431863, "activity_lines": [ 220.582356, 225.692757, 230.775514, 231.705837 ] }, { "date": "2024-04-19", "close": 212.664963, "volume": 30094, "typical_volume": 50237.8, "trend": 232.239714, "fair_value": 264.837415, "relative_strength": -22.961608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.495985, "energy": 75.43151, "activity_lines": [ 217.794171, 222.495812, 228.922296, 230.374568 ] }, { "date": "2024-04-26", "close": 204.182053, "volume": 422771, "typical_volume": 64580.1, "trend": 230.942931, "fair_value": 264.302995, "relative_strength": -26.860689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.27828, "energy": 83.661639, "activity_lines": [ 212.993763, 218.227377, 226.317072, 228.564396 ] }, { "date": "2024-05-03", "close": 208.127594, "volume": 27574, "typical_volume": 63861.6, "trend": 229.895669, "fair_value": 263.842407, "relative_strength": -24.255103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.579753, "energy": 81.923474, "activity_lines": [ 210.337097, 215.390802, 224.193263, 227.092439 ] }, { "date": "2024-05-10", "close": 214.243195, "volume": 12066, "typical_volume": 62571.65, "trend": 229.078483, "fair_value": 263.528059, "relative_strength": -23.948265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.574138, "energy": 72.663323, "activity_lines": [ 210.757959, 214.28745, 222.758422, 226.082602 ] }, { "date": "2024-05-17", "close": 225.488007, "volume": 42282, "typical_volume": 63378.85, "trend": 228.891796, "fair_value": 263.301973, "relative_strength": -18.537148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.968398, "energy": 45.433225, "activity_lines": [ 215.321644, 215.674347, 222.48035, 225.850959 ] }, { "date": "2024-05-24", "close": 219.372391, "volume": 26351, "typical_volume": 63338.1, "trend": 228.67826, "fair_value": 263.01677, "relative_strength": -20.768948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.303192, "energy": 28.217367, "activity_lines": [ 217.465387, 216.108356, 221.666174, 225.236803 ] }, { "date": "2024-05-31", "close": 208.127594, "volume": 31510, "typical_volume": 63524.3, "trend": 227.84078, "fair_value": 262.701803, "relative_strength": -23.557456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.853203, "energy": 30.741739, "activity_lines": [ 215.413703, 214.598289, 219.84435, 223.910954 ] }, { "date": "2024-06-07", "close": 207.14119, "volume": 22523, "typical_volume": 62751.95, "trend": 227.068755, "fair_value": 262.349397, "relative_strength": -23.824517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.493264, "energy": 37.907652, "activity_lines": [ 212.770181, 213.06311, 218.073509, 222.575497 ] }, { "date": "2024-06-14", "close": 197.474594, "volume": 60153, "typical_volume": 60599.55, "trend": 225.771285, "fair_value": 261.932536, "relative_strength": -24.849631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.327046, "energy": 69.581333, "activity_lines": [ 206.97022, 210.071665, 215.525107, 220.666196 ] }, { "date": "2024-06-21", "close": 200.236496, "volume": 17032, "typical_volume": 59528.8, "trend": 224.651101, "fair_value": 261.575697, "relative_strength": -23.411641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.395002, "energy": 78.832737, "activity_lines": [ 203.2088, 207.994873, 213.444764, 219.01879 ] }, { "date": "2024-06-28", "close": 201.420166, "volume": 111754, "typical_volume": 64176.45, "trend": 223.885047, "fair_value": 261.150524, "relative_strength": -22.122502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.601305, "energy": 77.863898, "activity_lines": [ 201.525371, 206.488392, 211.677448, 217.52002 ] }, { "date": "2024-07-05", "close": 204.182053, "volume": 69374, "typical_volume": 64315.35, "trend": 223.145499, "fair_value": 260.76048, "relative_strength": -19.971852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.04778, "energy": 71.074809, "activity_lines": [ 201.959386, 205.688524, 210.350035, 216.248859 ] }, { "date": "2024-07-12", "close": 209.50853, "volume": 41468, "typical_volume": 63286.15, "trend": 222.44583, "fair_value": 260.394623, "relative_strength": -19.525547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.935527, "energy": 42.775463, "activity_lines": [ 204.43193, 205.857106, 209.717034, 215.369055 ] }, { "date": "2024-07-19", "close": 210.692184, "volume": 53422, "typical_volume": 64108.05, "trend": 221.726616, "fair_value": 259.903179, "relative_strength": -16.656285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.211332, "energy": 27.79826, "activity_lines": [ 207.141202, 206.21579, 209.352906, 214.610755 ] }, { "date": "2024-07-26", "close": 216.413239, "volume": 66098, "typical_volume": 65802.7, "trend": 221.099767, "fair_value": 259.482014, "relative_strength": -14.081582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.688737, "energy": 19.774452, "activity_lines": [ 210.87632, 207.67923, 209.667291, 214.267957 ] }, { "date": "2024-08-02", "close": 205.760269, "volume": 51797, "typical_volume": 64982.75, "trend": 220.203043, "fair_value": 258.961444, "relative_strength": -14.048438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.747574, "energy": 21.659785, "activity_lines": [ 209.981998, 207.370762, 209.051974, 213.278312 ] }, { "date": "2024-08-09", "close": 204.379318, "volume": 64518, "typical_volume": 66045.4, "trend": 219.063617, "fair_value": 258.410865, "relative_strength": -13.750524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.266077, "energy": 18.937378, "activity_lines": [ 208.338019, 207.058705, 208.396262, 212.257426 ] }, { "date": "2024-08-16", "close": 209.705826, "volume": 65171, "typical_volume": 68014.25, "trend": 218.147631, "fair_value": 257.880738, "relative_strength": -13.489771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.292162, "energy": 15.858703, "activity_lines": [ 208.456391, 207.783254, 208.30608, 211.653698 ] }, { "date": "2024-08-23", "close": 212.270416, "volume": 38453, "typical_volume": 64325.85, "trend": 217.205684, "fair_value": 257.362072, "relative_strength": -12.68632, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.520919, "energy": 12.71569, "activity_lines": [ 209.416474, 208.927463, 208.526843, 211.274522 ] }, { "date": "2024-08-30", "close": 213.651367, "volume": 21217, "typical_volume": 63781.4, "trend": 216.250768, "fair_value": 256.824878, "relative_strength": -12.656819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.035181, "energy": 5.974075, "activity_lines": [ 210.731659, 210.053739, 208.916702, 211.045212 ] }, { "date": "2024-09-06", "close": 207.733032, "volume": 27828, "typical_volume": 63668.1, "trend": 215.223132, "fair_value": 256.350559, "relative_strength": -10.447816, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.956085, "energy": 11.683672, "activity_lines": [ 210.25819, 209.860047, 208.772031, 210.49568 ] }, { "date": "2024-09-13", "close": 207.733032, "volume": 93859, "typical_volume": 47222.5, "trend": 214.031603, "fair_value": 255.938471, "relative_strength": -11.330341, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.729728, "energy": 10.317824, "activity_lines": [ 209.653203, 209.551576, 208.650846, 210.012448 ] }, { "date": "2024-09-20", "close": 202.486328, "volume": 127357, "typical_volume": 52211.65, "trend": 212.704518, "fair_value": 255.51492, "relative_strength": -14.77149, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.531586, "energy": 22.495902, "activity_lines": [ 207.075734, 208.224596, 208.013065, 209.267592 ] }, { "date": "2024-09-27", "close": 209.216064, "volume": 70578, "typical_volume": 55137.25, "trend": 211.719761, "fair_value": 255.189399, "relative_strength": -13.34447, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.371029, "energy": 19.476876, "activity_lines": [ 207.222811, 208.24888, 208.043075, 209.04253 ] }, { "date": "2024-10-04", "close": 204.069778, "volume": 118093, "typical_volume": 58927.8, "trend": 210.714242, "fair_value": 254.858333, "relative_strength": -13.72318, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.033984, "energy": 32.008198, "activity_lines": [ 205.858082, 207.364314, 207.606901, 208.548983 ] }, { "date": "2024-10-11", "close": 192.094772, "volume": 119203, "typical_volume": 63570.4, "trend": 209.620863, "fair_value": 254.358189, "relative_strength": -17.706171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.034246, "energy": 60.709088, "activity_lines": [ 201.140457, 204.526901, 206.132242, 207.347727 ] }, { "date": "2024-10-18", "close": 203.27803, "volume": 92950, "typical_volume": 66642.4, "trend": 209.176447, "fair_value": 253.919754, "relative_strength": -12.48908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.296297, "energy": 45.269043, "activity_lines": [ 201.193135, 203.971272, 205.852548, 206.938512 ] }, { "date": "2024-10-25", "close": 201.496643, "volume": 138761, "typical_volume": 72454.3, "trend": 208.435919, "fair_value": 253.572193, "relative_strength": -12.579557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.479909, "energy": 46.005402, "activity_lines": [ 200.949018, 203.111777, 205.426292, 206.44304 ] }, { "date": "2024-11-01", "close": 198.725586, "volume": 52368, "typical_volume": 72065.05, "trend": 207.721389, "fair_value": 253.174435, "relative_strength": -11.991309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.251202, "energy": 47.485245, "activity_lines": [ 199.847194, 201.897711, 204.763004, 205.816567 ] }, { "date": "2024-11-08", "close": 200.111099, "volume": 33365, "typical_volume": 72881.7, "trend": 207.066194, "fair_value": 252.756866, "relative_strength": -10.834902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.238444, "energy": 28.961266, "activity_lines": [ 199.906573, 201.181827, 204.225713, 205.325581 ] }, { "date": "2024-11-15", "close": 195.558624, "volume": 46683, "typical_volume": 69628.15, "trend": 206.495982, "fair_value": 252.341301, "relative_strength": -10.590745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.523468, "energy": 36.348231, "activity_lines": [ 198.712373, 199.884406, 203.25545, 204.583157 ] }, { "date": "2024-11-22", "close": 191.30304, "volume": 44401, "typical_volume": 68379.5, "trend": 206.066682, "fair_value": 251.923407, "relative_strength": -12.120855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.183439, "energy": 50.987187, "activity_lines": [ 195.868721, 198.034596, 201.907805, 203.602967 ] }, { "date": "2024-11-29", "close": 193.480331, "volume": 20834, "typical_volume": 67347.8, "trend": 205.57844, "fair_value": 251.516975, "relative_strength": -10.660243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.899909, "energy": 49.102629, "activity_lines": [ 194.549165, 196.879384, 200.82885, 202.790945 ] }, { "date": "2024-12-06", "close": 195.063782, "volume": 45085, "typical_volume": 66930.95, "trend": 204.939126, "fair_value": 251.089507, "relative_strength": -12.937002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.350474, "energy": 48.602855, "activity_lines": [ 194.291847, 196.175818, 199.977025, 202.112579 ] }, { "date": "2024-12-13", "close": 199.319366, "volume": 25457, "typical_volume": 64898.9, "trend": 204.066838, "fair_value": 250.689317, "relative_strength": -8.639955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.837291, "energy": 32.688489, "activity_lines": [ 195.697177, 196.503309, 199.604914, 201.750014 ] }, { "date": "2024-12-20", "close": 188.630951, "volume": 48319, "typical_volume": 64725.0, "trend": 203.042123, "fair_value": 250.173207, "relative_strength": -10.2504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.785846, "energy": 38.373755, "activity_lines": [ 193.592484, 194.973822, 198.296259, 200.754151 ] }, { "date": "2024-12-27", "close": 193.678253, "volume": 13826, "typical_volume": 62190.4, "trend": 202.560479, "fair_value": 249.663255, "relative_strength": -8.000991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.807812, "energy": 31.78045, "activity_lines": [ 193.632071, 194.425005, 197.549867, 200.15003 ] }, { "date": "2025-01-03", "close": 197.735901, "volume": 26341, "typical_volume": 60248.9, "trend": 202.246969, "fair_value": 249.20052, "relative_strength": -6.42515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.927542, "energy": 23.541022, "activity_lines": [ 194.865859, 194.788484, 197.240875, 199.838767 ] }, { "date": "2025-01-10", "close": 200.506989, "volume": 30585, "typical_volume": 59855.5, "trend": 202.348049, "fair_value": 248.766776, "relative_strength": -5.103569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.20708, "energy": 18.824433, "activity_lines": [ 196.739638, 195.724174, 197.252796, 199.72651 ] }, { "date": "2025-01-17", "close": 197.241058, "volume": 50223, "typical_volume": 61305.8, "trend": 202.248201, "fair_value": 248.314592, "relative_strength": -9.410716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.675154, "energy": 16.019553, "activity_lines": [ 197.161894, 196.033669, 197.009692, 199.397027 ] }, { "date": "2025-01-24", "close": 203.871841, "volume": 43745, "typical_volume": 62101.65, "trend": 202.329923, "fair_value": 247.919882, "relative_strength": -7.664127, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.446824, "energy": 11.783301, "activity_lines": [ 199.932964, 197.600944, 197.476235, 199.501778 ] }, { "date": "2025-01-31", "close": 211.7892, "volume": 72551, "typical_volume": 61036.25, "trend": 202.583495, "fair_value": 247.57343, "relative_strength": -3.591286, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.021926, "energy": 44.885004, "activity_lines": [ 204.327094, 200.45659, 198.7152, 200.112054 ] }, { "date": "2025-02-07", "close": 206.24704, "volume": 45084, "typical_volume": 56922.6, "trend": 202.474779, "fair_value": 247.152779, "relative_strength": -4.499652, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.354477, "energy": 45.308115, "activity_lines": [ 205.666442, 201.932094, 199.407024, 200.348411 ] }, { "date": "2025-02-14", "close": 203.475998, "volume": 256811, "typical_volume": 66234.25, "trend": 202.234239, "fair_value": 246.768007, "relative_strength": -7.893974, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.161027, "energy": 38.115974, "activity_lines": [ 205.514699, 202.67165, 199.817032, 200.413006 ] }, { "date": "2025-02-21", "close": 198.13176, "volume": 327546, "typical_volume": 76706.9, "trend": 201.624856, "fair_value": 246.385155, "relative_strength": -9.982726, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.31467, "energy": 19.578107, "activity_lines": [ 203.38361, 202.286577, 199.745398, 200.14833 ] }, { "date": "2025-02-28", "close": 203.871841, "volume": 54351, "typical_volume": 73464.3, "trend": 201.561909, "fair_value": 246.193787, "relative_strength": -6.898406, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.723707, "energy": 9.884489, "activity_lines": [ 203.106501, 202.966749, 200.248715, 200.293297 ] }, { "date": "2025-03-07", "close": 209.809875, "volume": 64731, "typical_volume": 72053.35, "trend": 201.742927, "fair_value": 245.963138, "relative_strength": -3.947831, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.574961, "energy": 18.137546, "activity_lines": [ 204.808737, 204.449455, 201.261478, 200.825424 ] }, { "date": "2025-03-14", "close": 211.987137, "volume": 73474, "typical_volume": 68789.0, "trend": 201.818971, "fair_value": 245.709022, "relative_strength": -1.02523, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 34.97123, "energy": 24.308711, "activity_lines": [ 207.368682, 206.034726, 202.450495, 201.486341 ] }, { "date": "2025-03-21", "close": 208.028442, "volume": 90872, "typical_volume": 70714.2, "trend": 201.677572, "fair_value": 245.495098, "relative_strength": -0.763167, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.426748, "energy": 42.422092, "activity_lines": [ 208.226388, 206.64112, 203.212539, 201.886952 ] }, { "date": "2025-03-28", "close": 173.754288, "volume": 196516, "typical_volume": 78871.75, "trend": 200.347669, "fair_value": 245.063969, "relative_strength": -13.861228, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -30.341439, "energy": 17.904383, "activity_lines": [ 197.355881, 200.879096, 200.666078, 200.085449 ] }, { "date": "2025-04-04", "close": 167.396225, "volume": 106921, "typical_volume": 81883.65, "trend": 199.003109, "fair_value": 244.584578, "relative_strength": -7.415491, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.504219, "energy": 69.862521, "activity_lines": [ 185.991183, 194.388093, 197.639596, 197.95955 ] }, { "date": "2025-04-11", "close": 171.866745, "volume": 127990, "typical_volume": 86063.1, "trend": 197.807566, "fair_value": 244.163867, "relative_strength": -4.256368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.096934, "energy": 77.176351, "activity_lines": [ 178.548367, 189.373105, 195.172984, 196.208817 ] }, { "date": "2025-04-18", "close": 174.350357, "volume": 45272, "typical_volume": 87285.0, "trend": 196.869701, "fair_value": 243.716543, "relative_strength": -5.835859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.640522, "energy": 78.254659, "activity_lines": [ 174.462964, 185.535545, 193.035461, 194.695448 ] }, { "date": "2025-04-25", "close": 174.648407, "volume": 64888, "typical_volume": 88275.15, "trend": 195.717445, "fair_value": 243.29615, "relative_strength": -8.272892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.242792, "energy": 77.581013, "activity_lines": [ 172.986029, 182.332116, 191.017419, 193.261816 ] }, { "date": "2025-05-02", "close": 178.721542, "volume": 75822, "typical_volume": 90793.4, "trend": 194.872504, "fair_value": 242.98443, "relative_strength": -7.276715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.807373, "energy": 62.512389, "activity_lines": [ 175.092142, 180.393395, 189.48451, 192.165307 ] }, { "date": "2025-05-09", "close": 172.760849, "volume": 47097, "typical_volume": 90732.3, "trend": 194.22804, "fair_value": 242.603226, "relative_strength": -9.628689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.774332, "energy": 46.938859, "activity_lines": [ 174.880206, 177.723824, 187.482001, 190.738748 ] }, { "date": "2025-05-16", "close": 173.754288, "volume": 38581, "typical_volume": 91970.05, "trend": 193.243915, "fair_value": 242.203372, "relative_strength": -12.10817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.294803, "energy": 44.854792, "activity_lines": [ 174.641776, 175.800534, 185.649677, 189.417861 ] }, { "date": "2025-05-23", "close": 168.588364, "volume": 56659, "typical_volume": 93485.95, "trend": 192.146973, "fair_value": 241.727869, "relative_strength": -12.164667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.773685, "energy": 47.992567, "activity_lines": [ 172.555534, 173.59354, 183.420237, 187.82718 ] }, { "date": "2025-05-30", "close": 170.773941, "volume": 28591, "typical_volume": 93386.25, "trend": 191.215251, "fair_value": 241.291396, "relative_strength": -11.360061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.862673, "energy": 46.898678, "activity_lines": [ 171.581951, 172.572993, 181.537744, 186.448275 ] }, { "date": "2025-06-06", "close": 175.145126, "volume": 26777, "typical_volume": 92213.95, "trend": 190.383052, "fair_value": 240.8917, "relative_strength": -9.796137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.922109, "energy": 43.676908, "activity_lines": [ 172.323727, 173.024561, 180.213141, 185.411493 ] }, { "date": "2025-06-13", "close": 173.555618, "volume": 36421, "typical_volume": 91847.75, "trend": 189.649619, "fair_value": 240.455545, "relative_strength": -8.215616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.518662, "energy": 40.647576, "activity_lines": [ 172.774096, 173.16184, 178.842375, 184.325852 ] }, { "date": "2025-06-20", "close": 178.125473, "volume": 41036, "typical_volume": 90272.0, "trend": 189.210366, "fair_value": 240.05619, "relative_strength": -5.200031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.217974, "energy": 29.017014, "activity_lines": [ 174.694764, 174.018013, 178.051196, 183.582358 ] }, { "date": "2025-06-27", "close": 180.807785, "volume": 69475, "typical_volume": 91491.55, "trend": 188.787948, "fair_value": 239.639002, "relative_strength": -5.891808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.489097, "energy": 22.925361, "activity_lines": [ 177.218124, 175.248083, 177.675779, 183.040256 ] }, { "date": "2025-07-04", "close": 182.297974, "volume": 30908, "typical_volume": 80196.4, "trend": 188.362421, "fair_value": 239.168818, "relative_strength": -5.182466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.54757, "energy": 22.648199, "activity_lines": [ 179.423586, 176.63169, 177.563423, 182.621548 ] }, { "date": "2025-07-11", "close": 181.503204, "volume": 42103, "typical_volume": 65924.25, "trend": 187.768549, "fair_value": 238.73357, "relative_strength": -6.60669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.437074, "energy": 19.709016, "activity_lines": [ 180.595856, 177.731709, 177.476224, 182.179018 ] }, { "date": "2025-07-18", "close": 184.284866, "volume": 30450, "typical_volume": 64729.2, "trend": 187.62368, "fair_value": 238.196061, "relative_strength": -5.007167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.486395, "energy": 17.193294, "activity_lines": [ 182.271474, 179.28691, 177.733128, 181.954265 ] }, { "date": "2025-07-25", "close": 169.383118, "volume": 318817, "typical_volume": 77433.5, "trend": 186.813842, "fair_value": 237.555522, "relative_strength": -14.276084, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.172384, "energy": 17.691244, "activity_lines": [ 178.26456, 177.923174, 176.664089, 180.777454 ] }, { "date": "2025-08-01", "close": 168.787048, "volume": 94471, "typical_volume": 78483.35, "trend": 185.84888, "fair_value": 236.93368, "relative_strength": -11.749843, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.797896, "energy": 31.621333, "activity_lines": [ 174.641779, 176.530538, 175.73079, 179.614435 ] }, { "date": "2025-08-08", "close": 168.886398, "volume": 58697, "typical_volume": 76874.6, "trend": 184.79486, "fair_value": 236.271193, "relative_strength": -13.650465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.566887, "energy": 46.529062, "activity_lines": [ 171.853498, 175.152353, 175.012667, 178.520082 ] }, { "date": "2025-08-15", "close": 167.09819, "volume": 53223, "typical_volume": 69709.95, "trend": 183.790098, "fair_value": 235.585984, "relative_strength": -15.362526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.836111, "energy": 61.837094, "activity_lines": [ 169.363253, 173.483359, 174.31063, 177.378361 ] }, { "date": "2025-08-22", "close": 173.456268, "volume": 95122, "typical_volume": 69120.0, "trend": 182.776246, "fair_value": 234.992822, "relative_strength": -13.320185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.042289, "energy": 54.029344, "activity_lines": [ 169.952701, 173.116686, 174.24582, 176.711662 ] }, { "date": "2025-08-29", "close": 175.840546, "volume": 101338, "typical_volume": 67787.4, "trend": 181.577957, "fair_value": 234.388674, "relative_strength": -9.640542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.406388, "energy": 31.806337, "activity_lines": [ 172.058814, 173.185325, 174.379226, 176.264198 ] }, { "date": "2025-09-05", "close": 174.847107, "volume": 61740, "typical_volume": 68610.8, "trend": 180.531293, "fair_value": 233.789415, "relative_strength": -9.781754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.651046, "energy": 19.224199, "activity_lines": [ 173.403287, 173.114883, 174.399097, 175.829949 ] }, { "date": "2025-09-12", "close": 172.860199, "volume": 74381, "typical_volume": 69085.45, "trend": 179.510766, "fair_value": 233.136139, "relative_strength": -10.712782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.297632, "energy": 15.344546, "activity_lines": [ 173.681452, 172.79156, 174.227372, 175.33504 ] }, { "date": "2025-09-19", "close": 175.840546, "volume": 183514, "typical_volume": 74470.05, "trend": 178.767726, "fair_value": 232.684157, "relative_strength": -9.266741, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.186103, "energy": 13.641694, "activity_lines": [ 174.688147, 173.181715, 174.348006, 175.098252 ] }, { "date": "2025-09-26", "close": 166.212967, "volume": 139008, "typical_volume": 79065.6, "trend": 177.51243, "fair_value": 232.166697, "relative_strength": -13.805261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.869683, "energy": 25.449544, "activity_lines": [ 171.902825, 171.924358, 173.565446, 174.288267 ] }, { "date": "2025-10-03", "close": 171.301117, "volume": 82066, "typical_volume": 81239.85, "trend": 176.228804, "fair_value": 231.656768, "relative_strength": -13.556688, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.473814, "energy": 22.741681, "activity_lines": [ 171.29644, 171.9207, 173.298652, 173.887537 ] }, { "date": "2025-10-10", "close": 170.103897, "volume": 88572, "typical_volume": 82835.5, "trend": 174.832696, "fair_value": 231.13791, "relative_strength": -13.218667, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.114863, "energy": 27.188544, "activity_lines": [ 170.59361, 171.664492, 172.929519, 173.492382 ] }, { "date": "2025-10-17", "close": 175.192062, "volume": 75527, "typical_volume": 85182.3, "trend": 173.73815, "fair_value": 230.637871, "relative_strength": -10.098564, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.463288, "energy": 19.920246, "activity_lines": [ 171.903049, 172.309463, 173.037757, 173.515567 ] }, { "date": "2025-10-24", "close": 196.342804, "volume": 204234, "typical_volume": 94055.15, "trend": 174.491101, "fair_value": 230.252091, "relative_strength": -2.145767, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.341759, "energy": 57.409051, "activity_lines": [ 180.107277, 176.685375, 175.139312, 174.973932 ] }, { "date": "2025-10-31", "close": 200.732574, "volume": 92878, "typical_volume": 96878.0, "trend": 175.602313, "fair_value": 229.899467, "relative_strength": 0.897887, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.247514, "energy": 82.794545, "activity_lines": [ 188.407946, 181.327706, 177.557999, 176.66693 ] }, { "date": "2025-11-07", "close": 196.64212, "volume": 84522, "typical_volume": 99052.3, "trend": 176.428158, "fair_value": 229.43533, "relative_strength": 0.237779, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.571779, "energy": 84.146989, "activity_lines": [ 193.043822, 184.730386, 179.457705, 178.024337 ] }, { "date": "2025-11-14", "close": 196.841644, "volume": 62839, "typical_volume": 98720.5, "trend": 177.177868, "fair_value": 228.923554, "relative_strength": -0.3603, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.136173, "energy": 84.715692, "activity_lines": [ 196.056806, 187.791132, 181.288239, 179.341336 ] }, { "date": "2025-11-21", "close": 196.342804, "volume": 73250, "typical_volume": 100837.6, "trend": 177.901015, "fair_value": 228.396038, "relative_strength": 1.605713, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.665829, "energy": 82.070254, "activity_lines": [ 197.120994, 190.361279, 182.994912, 180.577783 ] }, { "date": "2025-11-28", "close": 196.442566, "volume": 75870, "typical_volume": 102525.95, "trend": 178.491715, "fair_value": 227.787632, "relative_strength": -1.394762, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.763108, "energy": 66.16629, "activity_lines": [ 196.808386, 192.522609, 184.644207, 181.774012 ] }, { "date": "2025-12-05", "close": 201.530731, "volume": 49376, "typical_volume": 103472.25, "trend": 179.450712, "fair_value": 227.210588, "relative_strength": -0.141954, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.590446, "energy": 57.489005, "activity_lines": [ 198.185183, 195.234477, 186.706948, 183.260401 ] }, { "date": "2025-12-12", "close": 199.136307, "volume": 39663, "typical_volume": 89514.55, "trend": 180.296779, "fair_value": 226.674638, "relative_strength": -0.935238, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.962329, "energy": 51.412998, "activity_lines": [ 198.710627, 196.868855, 188.459527, 184.530439 ] }, { "date": "2025-12-19", "close": 198.737228, "volume": 27449, "typical_volume": 86163.45, "trend": 181.301741, "fair_value": 226.060872, "relative_strength": -1.672131, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.763247, "energy": 48.353034, "activity_lines": [ 198.936766, 197.924578, 190.032415, 185.720145 ] }, { "date": "2025-12-26", "close": 192.950699, "volume": 15691, "typical_volume": 84013.15, "trend": 182.040966, "fair_value": 225.447642, "relative_strength": -4.537685, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.409842, "energy": 39.689714, "activity_lines": [ 197.10769, 197.407599, 190.911586, 186.471691 ] }, { "date": "2026-01-02", "close": 195.544662, "volume": 43245, "typical_volume": 83514.25, "trend": 182.720951, "fair_value": 224.779545, "relative_strength": -4.049581, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.16646, "energy": 32.728205, "activity_lines": [ 196.369409, 197.039365, 191.92321, 187.342897 ] }, { "date": "2026-01-09", "close": 204.324219, "volume": 47461, "typical_volume": 81131.2, "trend": 183.746571, "fair_value": 224.107521, "relative_strength": -2.605085, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.31631, "energy": 41.504123, "activity_lines": [ 198.617507, 198.281926, 193.635522, 188.736656 ] }, { "date": "2026-01-16", "close": 198.737228, "volume": 74672, "typical_volume": 79797.9, "trend": 184.433629, "fair_value": 223.409717, "relative_strength": -7.025857, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.115126, "energy": 34.054274, "activity_lines": [ 198.817042, 198.443368, 194.668749, 189.703796 ] }, { "date": "2026-01-23", "close": 200.932114, "volume": 100080, "typical_volume": 81714.9, "trend": 185.10444, "fair_value": 222.715948, "relative_strength": -4.953071, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.640646, "energy": 40.838043, "activity_lines": [ 199.774811, 198.965787, 195.801981, 190.768214 ] }, { "date": "2026-01-30", "close": 192.850937, "volume": 49960, "typical_volume": 80493.85, "trend": 185.456206, "fair_value": 221.883831, "relative_strength": -8.775952, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.506902, "energy": 29.730164, "activity_lines": [ 197.892528, 197.944529, 196.041364, 191.267988 ] }, { "date": "2026-02-06", "close": 185.368362, "volume": 63915, "typical_volume": 74513.9, "trend": 185.585044, "fair_value": 221.076497, "relative_strength": -14.512694, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.429311, "energy": 12.138231, "activity_lines": [ 193.522705, 195.626291, 195.472926, 191.262321 ] }, { "date": "2026-02-13", "close": 206.918167, "volume": 186573, "typical_volume": 76892.15, "trend": 186.339488, "fair_value": 220.304451, "relative_strength": -4.326571, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.922467, "energy": 23.475979, "activity_lines": [ 197.01457, 197.427549, 196.911479, 192.638651 ] }, { "date": "2026-02-20", "close": 204.324219, "volume": 58866, "typical_volume": 75732.15, "trend": 187.504191, "fair_value": 219.535845, "relative_strength": -7.110366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.95041, "energy": 26.623772, "activity_lines": [ 199.468856, 198.659227, 197.909156, 193.798956 ] }, { "date": "2026-02-27", "close": 201.131653, "volume": 55299, "typical_volume": 74068.5, "trend": 188.582345, "fair_value": 218.700365, "relative_strength": -9.449095, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.040829, "energy": 27.539662, "activity_lines": [ 200.486487, 199.216112, 198.445526, 194.678148 ] }, { "date": "2026-03-06", "close": 198.238388, "volume": 49045, "typical_volume": 72744.4, "trend": 189.560744, "fair_value": 217.896511, "relative_strength": -5.033051, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.875017, "energy": 30.910688, "activity_lines": [ 200.526394, 199.203414, 198.558596, 195.301118 ] }, { "date": "2026-03-13", "close": 197.939087, "volume": 48665, "typical_volume": 64965.95, "trend": 190.588774, "fair_value": 217.226203, "relative_strength": -4.192574, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.986573, "energy": 24.730421, "activity_lines": [ 200.10737, 199.040158, 198.533417, 195.841656 ] }, { "date": "2026-03-20", "close": 190.955338, "volume": 32105, "typical_volume": 61927.3, "trend": 191.172076, "fair_value": 216.492883, "relative_strength": -2.261042, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.907895, "energy": 6.515148, "activity_lines": [ 196.522382, 197.563595, 197.835517, 195.865306 ] }, { "date": "2026-03-27", "close": 193.699997, "volume": 31971, "typical_volume": 59299.75, "trend": 191.767391, "fair_value": 215.692929, "relative_strength": -0.809953, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.2059, "energy": 10.618095, "activity_lines": [ 194.916468, 196.829131, 197.445572, 196.028397 ] }, { "date": "2026-04-03", "close": 207.0, "volume": 23808, "typical_volume": 57348.2, "trend": 192.839155, "fair_value": 214.927944, "relative_strength": 2.461148, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.111493, "energy": 16.493918, "activity_lines": [ 198.452171, 198.604435, 198.336303, 197.011146 ] }, { "date": "2026-04-10", "close": 194.899994, "volume": 52590, "typical_volume": 56315.2, "trend": 193.573814, "fair_value": 214.014995, "relative_strength": -7.668309, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.830411, "energy": 9.105689, "activity_lines": [ 197.563315, 198.069413, 198.02628, 197.144104 ] }, { "date": "2026-04-17", "close": 198.899994, "volume": 31423, "typical_volume": 54092.85, "trend": 194.342463, "fair_value": 213.200602, "relative_strength": -7.610869, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.573787, "energy": 16.002429, "activity_lines": [ 198.230352, 198.224408, 198.10408, 197.487728 ] }, { "date": "2026-04-24", "close": 192.699997, "volume": 15162, "typical_volume": 52382.15, "trend": 195.225364, "fair_value": 212.380408, "relative_strength": -7.89421, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.461888, "energy": 5.408522, "activity_lines": [ 196.766663, 197.006101, 197.579702, 197.381763 ] }, { "date": "2026-05-01", "close": 207.399994, "volume": 40808, "typical_volume": 52439.4, "trend": 196.42866, "fair_value": 211.806561, "relative_strength": 0.584656, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.027581, "energy": 20.975414, "activity_lines": [ 200.086662, 198.719034, 198.497375, 198.167223 ] }, { "date": "2026-05-08", "close": 209.800003, "volume": 67981, "typical_volume": 54466.0, "trend": 197.751863, "fair_value": 211.255642, "relative_strength": 1.377846, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.993596, "energy": 38.014059, "activity_lines": [ 203.293331, 200.812408, 199.604269, 199.02989 ] }, { "date": "2026-05-15", "close": 212.600006, "volume": 25256, "typical_volume": 54944.25, "trend": 198.998795, "fair_value": 210.715128, "relative_strength": 3.940114, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.040623, "energy": 54.514133, "activity_lines": [ 207.246667, 203.257267, 200.92515, 199.987835 ] }, { "date": "2026-05-22", "close": 221.800003, "volume": 34247, "typical_volume": 54494.35, "trend": 199.847368, "fair_value": 210.257475, "relative_strength": 4.582414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.262087, "energy": 71.933226, "activity_lines": [ 213.086669, 207.113733, 203.028654, 201.45888 ] }, { "date": "2026-05-29", "close": 219.199997, "volume": 40868, "typical_volume": 54164.7, "trend": 200.462949, "fair_value": 209.766811, "relative_strength": 3.578911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.131942, "energy": 72.821044, "activity_lines": [ 216.533334, 210.063636, 204.759512, 202.707437 ] }, { "date": "2026-06-05", "close": 224.800003, "volume": 6932, "typical_volume": 50777.7, "trend": 201.401545, "fair_value": 209.347246, "relative_strength": 6.882914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.291195, "energy": 78.347114, "activity_lines": [ 220.080002, 213.518182, 206.952867, 204.27757 ] }, { "date": "2026-06-12", "close": 220.399994, "volume": 3380, "typical_volume": 45942.7, "trend": 202.186823, "fair_value": 208.787589, "relative_strength": 4.879423, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.171107, "energy": 73.003686, "activity_lines": [ 220.999999, 215.607272, 208.603065, 205.503276 ] }, { "date": "2026-06-19", "close": 205.0, "volume": 41583, "typical_volume": 45523.85, "trend": 202.475396, "fair_value": 208.241101, "relative_strength": -4.219368, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.335477, "energy": 38.750596, "activity_lines": [ 216.079999, 214.652727, 208.693893, 205.684771 ] }, { "date": "2026-06-26", "close": 211.399994, "volume": 7546, "typical_volume": 42705.4, "trend": 202.973977, "fair_value": 207.725581, "relative_strength": -0.297825, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.330719, "energy": 27.22469, "activity_lines": [ 213.799997, 214.678181, 209.336392, 206.260552 ] }, { "date": "2026-07-03", "close": 195.699997, "volume": 3074, "typical_volume": 33530.45, "trend": 202.779619, "fair_value": 207.186106, "relative_strength": -10.043489, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 8.790277, "energy": 14.938298, "activity_lines": [ 206.979997, 211.621816, 208.359692, 205.791263 ] }, { "date": "2026-07-10", "close": 193.0, "volume": 39066, "typical_volume": 32540.45, "trend": 202.575076, "fair_value": 206.651953, "relative_strength": -9.075135, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.531669, "energy": 28.899649, "activity_lines": [ 200.826664, 208.019998, 207.17927, 205.16032 ] }, { "date": "2026-07-17", "close": 190.699997, "volume": 49608, "typical_volume": 32255.9, "trend": 202.307168, "fair_value": 206.240086, "relative_strength": -8.96995, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.272765, "energy": 34.777583, "activity_lines": [ 196.026664, 204.261816, 205.833725, 204.394185 ] }, { "date": "2026-07-24", "close": 197.0, "volume": 25075, "typical_volume": 31057.4, "trend": 202.442145, "fair_value": 205.79066, "relative_strength": -7.419486, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.70327, "energy": 35.46174, "activity_lines": [ 195.306665, 201.996362, 205.137855, 204.051787 ] }, { "date": "2026-07-31", "close": 203.0, "volume": 37373, "typical_volume": 30492.8, "trend": 202.690656, "fair_value": 205.440039, "relative_strength": -5.877966, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.927134, "energy": 32.11065, "activity_lines": [ 197.119999, 201.105453, 205.01931, 204.087778 ] }, { "date": "2026-08-07", "close": 200.0, "volume": 36022, "typical_volume": 30688.65, "trend": 202.546515, "fair_value": 205.066415, "relative_strength": -8.981789, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.212994, "energy": 18.654997, "activity_lines": [ 198.493333, 200.010908, 204.590951, 203.914187 ] } ], "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." } } }