{ "ticker": { "uuid": "bb9fcc28-565f-4121-9e5c-191ff8cd9118", "symbol": "FAMTEL", "name": "Fineco AM MSCI World Information Technology Sustainable Selection P-Series 20% Capped UCITS ETF AEUR", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "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": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 63.441, "architecture_energy": 41.077, "architecture_maturity": 73.027, "architecture_confidence": 90.002, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 18.32, "rotation_up": 39.57, "upward_expansion": 64.2, "deceleration": 85.49, "rotation_down": 27.83, "downward_expansion": 23.2 }, "activity_lines": [ 278.204002, 279.408366, 273.70981, 261.245291 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 289.51001, "trend_reference": 246.319667, "distance_from_trend": 0.175343, "trend_direction": "Improving", "fair_value": 198.453916, "distance_from_fair_value": 0.458827, "fair_value_direction": "Improving", "relative_strength": 6.786018, "relative_strength_direction": "Weakening", "price_momentum": 0.365549, "excess_performance": 0.194657, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.175343, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.088247, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.458827, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.061848, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.06786, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.00174, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.365549, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.770714, "read": "Demand-led" } ], "volume": { "latest": 678, "relative_activity": 1.49438, "balance": 3.770714, "dry_up": 1.243112, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.041747, "annualized_volatility": 0.238407, "from_high_reference": -0.004299, "from_low_reference": 0.458415 }, "levels": { "trend_reference": 246.319667, "fair_value_reference": 198.453916, "structural_low": 198.509995, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.066723, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.0757, "regime_survival": 0.4, "best_return": 0.082736, "worst_return": 0.008975, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.071922, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.04965, "regime_survival": 0.333333, "best_return": 0.080959, "worst_return": -0.023522, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.097088, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.068841, "regime_survival": 0.0, "best_return": 0.147469, "worst_return": 0.046707, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.034688, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.125141, "regime_survival": 0.0, "best_return": -0.034688, "worst_return": -0.034688, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.126819, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.226759, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-08-01", "tenure": "Developing", "return": 0.055275, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": -0.029118, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": 0.028886, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-11-21", "tenure": "Developing", "return": -0.002503, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-16", "tenure": "Developing", "return": 0.047255, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": -0.065047, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": -0.002972, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.06501, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.168534, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.078802, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-24", "tenure": "Developing", "return": 0.030586, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.066335, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 128.809998, "volume": 367, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 133.220001, "volume": 474, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 139.860001, "volume": 1123, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 139.320007, "volume": 338, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 136.270004, "volume": 607, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 131.970001, "volume": 631, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 133.490005, "volume": 520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 134.089996, "volume": 444, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 136.679993, "volume": 145, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 130.080002, "volume": 420, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 129.949997, "volume": 246, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 137.020004, "volume": 301, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 142.580002, "volume": 2589, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 145.279999, "volume": 669, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 145.820007, "volume": 933, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 148.289993, "volume": 662, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 149.720001, "volume": 809, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 153.149994, "volume": 772, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 153.300003, "volume": 1373, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 151.759995, "volume": 851, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 148.630005, "volume": 1655, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 156.600006, "volume": 712, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 161.929993, "volume": 1445, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 168.350006, "volume": 1485, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 171.419998, "volume": 1319, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 179.259995, "volume": 1479, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 178.660004, "volume": 1941, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 180.479996, "volume": 1873, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 185.279999, "volume": 851, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 187.139999, "volume": 2062, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 182.369995, "volume": 2118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 190.669998, "volume": 937, "typical_volume": 1326.75, "trend": 154.314, "fair_value": 128.364188, "relative_strength": 14.345309, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.031098, "energy": 70.968255, "activity_lines": [ 186.352664, 182.694907, 172.504427, 164.294967 ] }, { "date": "2024-03-29", "close": 188.600006, "volume": 634, "typical_volume": 1229.0, "trend": 155.938667, "fair_value": 129.10784, "relative_strength": 11.213276, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.93356, "energy": 67.326808, "activity_lines": [ 187.49, 184.52109, 174.844, 166.506967 ] }, { "date": "2024-04-05", "close": 185.220001, "volume": 879, "typical_volume": 1239.5, "trend": 157.468667, "fair_value": 129.792134, "relative_strength": 11.013273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.077074, "energy": 60.778643, "activity_lines": [ 186.959334, 185.247818, 176.642523, 168.396086 ] }, { "date": "2024-04-12", "close": 186.589996, "volume": 1407, "typical_volume": 1263.2, "trend": 159.146, "fair_value": 130.476446, "relative_strength": 11.992382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.252832, "energy": 57.870181, "activity_lines": [ 186.889333, 185.916908, 178.381333, 170.274881 ] }, { "date": "2024-04-19", "close": 179.309998, "volume": 407, "typical_volume": 1250.45, "trend": 160.724, "fair_value": 131.057798, "relative_strength": 6.60436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.827079, "energy": 42.598702, "activity_lines": [ 184.429332, 184.986544, 179.232666, 171.575784 ] }, { "date": "2024-04-26", "close": 174.410004, "volume": 1134, "typical_volume": 1266.7, "trend": 162.087999, "fair_value": 131.567824, "relative_strength": 2.320593, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.846103, "energy": 27.815945, "activity_lines": [ 180.540001, 183.164364, 179.469619, 172.458752 ] }, { "date": "2024-05-03", "close": 177.779999, "volume": 272, "typical_volume": 1241.7, "trend": 163.544333, "fair_value": 132.105175, "relative_strength": 5.738687, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.379178, "energy": 23.771984, "activity_lines": [ 178.858, 182.032182, 179.909952, 173.471139 ] }, { "date": "2024-05-10", "close": 180.779999, "volume": 1767, "typical_volume": 1261.4, "trend": 165.014333, "fair_value": 132.664655, "relative_strength": 3.887548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.794037, "energy": 22.643281, "activity_lines": [ 178.897333, 181.494545, 180.518714, 174.583118 ] }, { "date": "2024-05-17", "close": 183.440002, "volume": 262, "typical_volume": 1231.95, "trend": 166.793, "fair_value": 133.241648, "relative_strength": 2.913328, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.857625, "energy": 20.649353, "activity_lines": [ 180.119334, 181.522364, 181.249952, 175.771871 ] }, { "date": "2024-05-24", "close": 188.839996, "volume": 588, "typical_volume": 1178.6, "trend": 168.756, "fair_value": 133.866348, "relative_strength": 8.464272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.117448, "energy": 37.732678, "activity_lines": [ 183.351332, 182.599272, 182.344618, 177.194258 ] }, { "date": "2024-05-31", "close": 181.210007, "volume": 505, "typical_volume": 1168.25, "trend": 170.229, "fair_value": 134.392389, "relative_strength": 3.911982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.732516, "energy": 29.718486, "activity_lines": [ 183.404668, 182.171274, 182.521143, 177.997742 ] }, { "date": "2024-06-07", "close": 191.929993, "volume": 565, "typical_volume": 1124.25, "trend": 171.874, "fair_value": 135.024671, "relative_strength": 9.205955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.150885, "energy": 47.632969, "activity_lines": [ 186.577999, 183.864363, 183.601428, 179.397806 ] }, { "date": "2024-06-14", "close": 199.809998, "volume": 896, "typical_volume": 1094.8, "trend": 173.691666, "fair_value": 135.728859, "relative_strength": 20.048611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.650679, "energy": 70.399955, "activity_lines": [ 191.434665, 186.929635, 185.289333, 181.200128 ] }, { "date": "2024-06-21", "close": 201.440002, "volume": 716, "typical_volume": 1064.65, "trend": 175.545666, "fair_value": 136.43543, "relative_strength": 18.125236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.236062, "energy": 77.431209, "activity_lines": [ 195.565999, 190.026, 186.982666, 182.990344 ] }, { "date": "2024-06-28", "close": 203.339996, "volume": 608, "typical_volume": 1021.1, "trend": 177.380666, "fair_value": 137.147181, "relative_strength": 19.160036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.804095, "energy": 81.12536, "activity_lines": [ 199.130665, 193.197817, 188.713999, 184.783526 ] }, { "date": "2024-07-05", "close": 205.320007, "volume": 944, "typical_volume": 971.25, "trend": 179.234, "fair_value": 137.86479, "relative_strength": 16.793029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.270581, "energy": 86.006934, "activity_lines": [ 202.388668, 196.292728, 190.519238, 186.586064 ] }, { "date": "2024-07-12", "close": 205.339996, "volume": 485, "typical_volume": 901.85, "trend": 180.973666, "fair_value": 138.567656, "relative_strength": 14.290117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.795529, "energy": 83.386928, "activity_lines": [ 204.046, 198.829272, 192.199428, 188.270322 ] }, { "date": "2024-07-19", "close": 192.210007, "volume": 577, "typical_volume": 888.15, "trend": 182.270667, "fair_value": 139.12067, "relative_strength": 7.737828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.534675, "energy": 52.321093, "activity_lines": [ 200.432669, 198.477455, 192.510762, 188.995247 ] }, { "date": "2024-07-26", "close": 188.529999, "volume": 1431, "typical_volume": 856.6, "trend": 183.496333, "fair_value": 139.624847, "relative_strength": 6.579085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.114353, "energy": 30.646751, "activity_lines": [ 196.099335, 197.248728, 192.438619, 189.399075 ] }, { "date": "2024-08-02", "close": 175.330002, "volume": 869, "typical_volume": 794.15, "trend": 184.386333, "fair_value": 139.985505, "relative_strength": 4.36167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 1.202353, "energy": 15.651442, "activity_lines": [ 188.226668, 193.527456, 191.102715, 188.872215 ] }, { "date": "2024-08-09", "close": 178.020004, "volume": 1871, "typical_volume": 840.85, "trend": 185.100333, "fair_value": 140.36585, "relative_strength": 6.350659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -15.714508, "energy": 29.202388, "activity_lines": [ 183.118002, 190.540911, 190.056525, 188.461484 ] }, { "date": "2024-08-16", "close": 189.759995, "volume": 390, "typical_volume": 828.65, "trend": 186.028, "fair_value": 140.854901, "relative_strength": 8.607027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -14.143027, "energy": 25.193795, "activity_lines": [ 183.742667, 189.74691, 190.188667, 188.762108 ] }, { "date": "2024-08-23", "close": 189.539993, "volume": 597, "typical_volume": 814.55, "trend": 186.734333, "fair_value": 141.332206, "relative_strength": 6.166502, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.688482, "energy": 20.934901, "activity_lines": [ 185.332664, 188.952363, 190.294333, 188.988688 ] }, { "date": "2024-08-30", "close": 188.139999, "volume": 345, "typical_volume": 761.45, "trend": 187.291666, "fair_value": 141.786651, "relative_strength": 2.944893, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.850713, "energy": 11.090853, "activity_lines": [ 186.633997, 188.089999, 190.246095, 189.079376 ] }, { "date": "2024-09-06", "close": 175.089996, "volume": 228, "typical_volume": 752.5, "trend": 187.152666, "fair_value": 142.106875, "relative_strength": -1.197982, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.562449, "energy": 17.518088, "activity_lines": [ 183.61133, 185.096726, 188.947618, 188.292171 ] }, { "date": "2024-09-13", "close": 186.460007, "volume": 398, "typical_volume": 715.7, "trend": 187.412666, "fair_value": 142.529286, "relative_strength": 4.034582, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.360509, "energy": 10.961246, "activity_lines": [ 184.394666, 184.684363, 188.752095, 188.247484 ] }, { "date": "2024-09-20", "close": 186.25, "volume": 105, "typical_volume": 707.35, "trend": 187.605, "fair_value": 142.941745, "relative_strength": 2.987062, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.313564, "energy": 11.289328, "activity_lines": [ 184.545334, 184.576727, 188.47919, 188.172473 ] }, { "date": "2024-09-27", "close": 190.600006, "volume": 216, "typical_volume": 629.8, "trend": 187.782333, "fair_value": 143.38715, "relative_strength": 2.184178, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.813069, "energy": 8.383615, "activity_lines": [ 186.380003, 185.607092, 188.580239, 188.365699 ] }, { "date": "2024-10-04", "close": 192.139999, "volume": 977, "typical_volume": 665.55, "trend": 187.949, "fair_value": 143.838565, "relative_strength": 6.142667, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.767445, "energy": 11.998754, "activity_lines": [ 188.657335, 186.946728, 188.781191, 188.646839 ] }, { "date": "2024-10-11", "close": 198.199997, "volume": 316, "typical_volume": 651.95, "trend": 188.476667, "fair_value": 144.337294, "relative_strength": 6.854518, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.90305, "energy": 27.761513, "activity_lines": [ 192.688, 189.322545, 189.517857, 189.308194 ] }, { "date": "2024-10-18", "close": 197.429993, "volume": 283, "typical_volume": 640.85, "trend": 188.702, "fair_value": 144.819955, "relative_strength": 3.416458, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.817416, "energy": 39.683233, "activity_lines": [ 194.921331, 191.142544, 190.136618, 189.885828 ] }, { "date": "2024-10-25", "close": 200.130005, "volume": 521, "typical_volume": 638.65, "trend": 189.086333, "fair_value": 145.318243, "relative_strength": 5.748757, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.893991, "energy": 53.224806, "activity_lines": [ 197.323333, 193.100545, 190.935286, 190.623118 ] }, { "date": "2024-11-01", "close": 194.940002, "volume": 573, "typical_volume": 622.5, "trend": 189.410333, "fair_value": 145.761295, "relative_strength": 2.99645, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.940198, "energy": 52.424239, "activity_lines": [ 197.07, 193.926364, 191.200619, 191.000774 ] }, { "date": "2024-11-08", "close": 206.509995, "volume": 603, "typical_volume": 616.85, "trend": 190.074333, "fair_value": 146.298894, "relative_strength": 11.447259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.883767, "energy": 65.492721, "activity_lines": [ 200.383999, 196.757636, 192.591047, 192.103978 ] }, { "date": "2024-11-15", "close": 205.289993, "volume": 828, "typical_volume": 627.85, "trend": 190.940333, "fair_value": 146.81636, "relative_strength": 9.160425, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.850181, "energy": 66.015077, "activity_lines": [ 202.33333, 199.033089, 193.841142, 193.085634 ] }, { "date": "2024-11-22", "close": 209.960007, "volume": 457, "typical_volume": 603.5, "trend": 192.125333, "fair_value": 147.365435, "relative_strength": 13.445681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.331652, "energy": 69.319084, "activity_lines": [ 205.366667, 201.608545, 195.526714, 194.312709 ] }, { "date": "2024-11-29", "close": 207.610001, "volume": 197, "typical_volume": 589.1, "trend": 193.119667, "fair_value": 147.884785, "relative_strength": 11.954243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.0783, "energy": 68.619467, "activity_lines": [ 206.781334, 203.329454, 196.966381, 195.31172 ] }, { "date": "2024-12-06", "close": 215.539993, "volume": 643, "typical_volume": 592.4, "trend": 194.278333, "fair_value": 148.463034, "relative_strength": 11.272387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.943865, "energy": 75.752261, "activity_lines": [ 210.340665, 206.103817, 199.150475, 196.758193 ] }, { "date": "2024-12-13", "close": 211.110001, "volume": 309, "typical_volume": 536.3, "trend": 195.200666, "fair_value": 148.993941, "relative_strength": 8.174736, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.199442, "energy": 66.612363, "activity_lines": [ 211.049999, 207.619272, 200.801571, 197.844107 ] }, { "date": "2024-12-20", "close": 208.419998, "volume": 726, "typical_volume": 529.15, "trend": 195.853333, "fair_value": 149.493319, "relative_strength": 9.924231, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.415612, "energy": 47.914931, "activity_lines": [ 210.555999, 208.300726, 202.088952, 198.696967 ] }, { "date": "2024-12-27", "close": 205.679993, "volume": 455, "typical_volume": 458.35, "trend": 196.668999, "fair_value": 149.961542, "relative_strength": 6.851185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.514763, "energy": 40.522683, "activity_lines": [ 208.939996, 208.29818, 202.957808, 199.330945 ] }, { "date": "2025-01-03", "close": 209.759995, "volume": 804, "typical_volume": 479.05, "trend": 197.263333, "fair_value": 150.455744, "relative_strength": 8.607717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.703514, "energy": 34.943886, "activity_lines": [ 208.969329, 208.887452, 204.083522, 200.175526 ] }, { "date": "2025-01-10", "close": 207.619995, "volume": 359, "typical_volume": 467.15, "trend": 197.523666, "fair_value": 150.924303, "relative_strength": 4.27706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.805709, "energy": 26.003745, "activity_lines": [ 208.141995, 208.912542, 204.910188, 200.843697 ] }, { "date": "2025-01-17", "close": 212.759995, "volume": 641, "typical_volume": 481.95, "trend": 197.900999, "fair_value": 151.427032, "relative_strength": 3.206172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.899978, "energy": 30.047705, "activity_lines": [ 209.555995, 209.641633, 206.140283, 201.826686 ] }, { "date": "2025-01-24", "close": 214.619995, "volume": 476, "typical_volume": 494.35, "trend": 198.276999, "fair_value": 151.936653, "relative_strength": 4.164754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.655148, "energy": 36.622423, "activity_lines": [ 211.479995, 210.595269, 207.430283, 202.905331 ] }, { "date": "2025-01-31", "close": 209.419998, "volume": 1151, "typical_volume": 532.0, "trend": 198.413665, "fair_value": 152.39652, "relative_strength": 0.830711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.740899, "energy": 30.994247, "activity_lines": [ 211.257329, 210.433814, 208.036807, 203.624234 ] }, { "date": "2025-02-07", "close": 207.759995, "volume": 999, "typical_volume": 576.7, "trend": 198.494332, "fair_value": 152.835912, "relative_strength": -1.496137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.331721, "energy": 29.115971, "activity_lines": [ 210.231996, 209.980359, 208.375902, 204.227223 ] }, { "date": "2025-02-14", "close": 208.070007, "volume": 795, "typical_volume": 605.65, "trend": 199.022999, "fair_value": 153.270827, "relative_strength": -3.694799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.372964, "energy": 20.883699, "activity_lines": [ 209.443333, 209.580543, 208.642093, 204.845009 ] }, { "date": "2025-02-21", "close": 209.320007, "volume": 375, "typical_volume": 575.55, "trend": 199.715999, "fair_value": 153.708711, "relative_strength": -4.21032, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.859062, "energy": 16.222635, "activity_lines": [ 209.041336, 209.543818, 208.944141, 205.509332 ] }, { "date": "2025-02-28", "close": 195.789993, "volume": 526, "typical_volume": 586.05, "trend": 200.397999, "fair_value": 154.034922, "relative_strength": -10.775186, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.180613, "energy": 11.702893, "activity_lines": [ 204.358667, 207.079635, 207.875808, 205.256041 ] }, { "date": "2025-03-07", "close": 180.399994, "volume": 1185, "typical_volume": 631.15, "trend": 200.477332, "fair_value": 154.237731, "relative_strength": -17.396942, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.051406, "energy": 52.712491, "activity_lines": [ 195.801331, 202.046907, 205.353236, 203.965847 ] }, { "date": "2025-03-14", "close": 181.440002, "volume": 1271, "typical_volume": 668.65, "trend": 200.199998, "fair_value": 154.445381, "relative_strength": -16.862016, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.903303, "energy": 66.863323, "activity_lines": [ 189.525332, 197.662908, 203.010808, 202.737633 ] }, { "date": "2025-03-21", "close": 182.610001, "volume": 310, "typical_volume": 655.5, "trend": 199.968999, "fair_value": 154.65875, "relative_strength": -16.895245, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.212334, "energy": 73.771174, "activity_lines": [ 185.393999, 194.006545, 200.868808, 201.602794 ] }, { "date": "2025-03-28", "close": 176.0, "volume": 153, "typical_volume": 633.0, "trend": 199.564332, "fair_value": 154.81921, "relative_strength": -19.044821, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.478952, "energy": 78.874109, "activity_lines": [ 180.756666, 189.603091, 198.155999, 200.056407 ] }, { "date": "2025-04-04", "close": 158.429993, "volume": 614, "typical_volume": 622.3, "trend": 199.008999, "fair_value": 154.846156, "relative_strength": -18.279897, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -93.045094, "energy": 96.117618, "activity_lines": [ 172.483998, 182.673453, 193.915141, 197.402579 ] }, { "date": "2025-04-11", "close": 159.199997, "volume": 1588, "typical_volume": 678.85, "trend": 198.100332, "fair_value": 154.878407, "relative_strength": -16.139747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.067102, "energy": 91.544115, "activity_lines": [ 166.958664, 176.905453, 189.97076, 194.834256 ] }, { "date": "2025-04-18", "close": 157.639999, "volume": 620, "typical_volume": 700.0, "trend": 197.146665, "fair_value": 154.898713, "relative_strength": -21.220872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.896173, "energy": 88.974794, "activity_lines": [ 162.326664, 171.766907, 186.119522, 192.223912 ] }, { "date": "2025-04-25", "close": 168.360001, "volume": 846, "typical_volume": 710.15, "trend": 196.405331, "fair_value": 154.996971, "relative_strength": -18.781315, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.197815, "energy": 75.114097, "activity_lines": [ 162.854665, 169.488726, 183.527189, 190.366708 ] }, { "date": "2025-05-02", "close": 177.919998, "volume": 186, "typical_volume": 704.0, "trend": 195.931331, "fair_value": 155.163079, "relative_strength": -16.176876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.571107, "energy": 56.769369, "activity_lines": [ 167.519332, 169.670726, 182.069998, 189.174106 ] }, { "date": "2025-05-09", "close": 181.25, "volume": 148, "typical_volume": 675.1, "trend": 195.366332, "fair_value": 155.350755, "relative_strength": -16.690879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.582897, "energy": 38.30188, "activity_lines": [ 173.165999, 171.02909, 181.087999, 188.226923 ] }, { "date": "2025-05-16", "close": 196.020004, "volume": 435, "typical_volume": 674.1, "trend": 195.319332, "fair_value": 155.64125, "relative_strength": -12.642322, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.391475, "energy": 23.862843, "activity_lines": [ 182.214668, 175.337272, 181.642047, 188.269095 ] }, { "date": "2025-05-23", "close": 188.229996, "volume": 448, "typical_volume": 656.3, "trend": 194.922665, "fair_value": 155.872376, "relative_strength": -13.391049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.702691, "energy": 28.057063, "activity_lines": [ 186.212, 177.94509, 181.500189, 187.811719 ] }, { "date": "2025-05-30", "close": 190.770004, "volume": 148, "typical_volume": 645.75, "trend": 194.783665, "fair_value": 156.118134, "relative_strength": -13.412772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.861745, "energy": 25.110977, "activity_lines": [ 189.016668, 180.891273, 181.702761, 187.543805 ] }, { "date": "2025-06-06", "close": 195.300003, "volume": 186, "typical_volume": 623.0, "trend": 194.409999, "fair_value": 156.392133, "relative_strength": -12.257725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.719578, "energy": 25.983193, "activity_lines": [ 191.837335, 184.512728, 182.417, 187.577117 ] }, { "date": "2025-06-13", "close": 193.759995, "volume": 305, "typical_volume": 614.45, "trend": 194.025665, "fair_value": 156.651632, "relative_strength": -10.002489, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 3.639445, "energy": 22.17592, "activity_lines": [ 192.986, 187.503273, 183.067714, 187.535182 ] }, { "date": "2025-06-20", "close": 194.699997, "volume": 178, "typical_volume": 565.8, "trend": 193.516998, "fair_value": 156.914034, "relative_strength": -8.737671, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.46893, "energy": 31.767961, "activity_lines": [ 193.613999, 190.022363, 183.907285, 187.578687 ] }, { "date": "2025-06-27", "close": 202.399994, "volume": 377, "typical_volume": 534.7, "trend": 193.343331, "fair_value": 157.225582, "relative_strength": -6.002463, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.882638, "energy": 45.510396, "activity_lines": [ 196.896664, 193.295998, 185.550284, 188.151784 ] }, { "date": "2025-07-04", "close": 201.490005, "volume": 432, "typical_volume": 516.55, "trend": 192.874999, "fair_value": 157.5267, "relative_strength": -5.822224, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.528598, "energy": 45.722757, "activity_lines": [ 198.931332, 195.590363, 187.132142, 188.677375 ] }, { "date": "2025-07-11", "close": 204.009995, "volume": 101, "typical_volume": 502.85, "trend": 192.638332, "fair_value": 157.840777, "relative_strength": -5.443861, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.352121, "energy": 57.113661, "activity_lines": [ 201.091331, 197.740544, 188.985332, 189.395762 ] }, { "date": "2025-07-18", "close": 207.169998, "volume": 1313, "typical_volume": 542.2, "trend": 192.596665, "fair_value": 158.171845, "relative_strength": -4.373195, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.528852, "energy": 65.493276, "activity_lines": [ 203.723998, 199.990907, 191.164761, 190.333289 ] }, { "date": "2025-07-25", "close": 204.630005, "volume": 330, "typical_volume": 499.45, "trend": 192.561665, "fair_value": 158.481566, "relative_strength": -6.320999, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.961649, "energy": 64.303341, "activity_lines": [ 204.616, 201.308181, 193.048095, 191.109634 ] }, { "date": "2025-08-01", "close": 204.470001, "volume": 332, "typical_volume": 452.5, "trend": 192.385332, "fair_value": 158.786126, "relative_strength": -4.43706, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.682633, "energy": 58.295672, "activity_lines": [ 204.792668, 202.439818, 194.800809, 191.877913 ] }, { "date": "2025-08-08", "close": 205.369995, "volume": 181, "typical_volume": 446.05, "trend": 192.310332, "fair_value": 159.092598, "relative_strength": -7.67156, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.128086, "energy": 54.156366, "activity_lines": [ 205.131332, 203.439817, 196.529571, 192.715634 ] }, { "date": "2025-08-15", "close": 205.970001, "volume": 100, "typical_volume": 443.4, "trend": 192.083999, "fair_value": 159.398987, "relative_strength": -9.339558, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.607755, "energy": 51.725178, "activity_lines": [ 205.411333, 204.283454, 198.207095, 193.596902 ] }, { "date": "2025-08-22", "close": 203.789993, "volume": 126, "typical_volume": 419.0, "trend": 191.722999, "fair_value": 159.68724, "relative_strength": -11.361013, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.34852, "energy": 45.232692, "activity_lines": [ 204.833997, 204.536726, 199.534284, 194.352128 ] }, { "date": "2025-08-29", "close": 203.320007, "volume": 290, "typical_volume": 354.1, "trend": 191.519666, "fair_value": 159.968742, "relative_strength": -9.01481, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.871433, "energy": 39.326896, "activity_lines": [ 204.325333, 204.522182, 200.600714, 195.100322 ] }, { "date": "2025-09-05", "close": 199.389999, "volume": 181, "typical_volume": 332.15, "trend": 191.240666, "fair_value": 160.221442, "relative_strength": -9.358739, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.561551, "energy": 31.144171, "activity_lines": [ 202.594, 203.636363, 201.082761, 195.608085 ] }, { "date": "2025-09-12", "close": 204.25, "volume": 388, "typical_volume": 309.25, "trend": 191.113333, "fair_value": 160.894775, "relative_strength": -8.988774, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.105547, "energy": 28.726152, "activity_lines": [ 202.821334, 203.688909, 201.828857, 196.447397 ] }, { "date": "2025-09-19", "close": 210.149994, "volume": 169, "typical_volume": 308.4, "trend": 191.140999, "fair_value": 161.617307, "relative_strength": -5.608368, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.133648, "energy": 41.151668, "activity_lines": [ 205.089998, 204.763999, 202.965951, 197.675569 ] }, { "date": "2025-09-26", "close": 211.759995, "volume": 571, "typical_volume": 329.55, "trend": 191.673332, "fair_value": 162.369583, "relative_strength": -5.449418, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.095447, "energy": 55.687411, "activity_lines": [ 207.616664, 206.02018, 204.102903, 199.005827 ] }, { "date": "2025-10-03", "close": 219.649994, "volume": 533, "typical_volume": 334.45, "trend": 192.981666, "fair_value": 163.16, "relative_strength": -3.086292, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.146028, "energy": 84.455697, "activity_lines": [ 212.241995, 208.627452, 205.845998, 200.810773 ] }, { "date": "2025-10-10", "close": 219.899994, "volume": 442, "typical_volume": 334.15, "trend": 194.263665, "fair_value": 163.964807, "relative_strength": 0.016969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.301585, "energy": 83.568928, "activity_lines": [ 215.861995, 211.007087, 207.500379, 202.547439 ] }, { "date": "2025-10-17", "close": 218.889999, "volume": 771, "typical_volume": 365.3, "trend": 195.472999, "fair_value": 164.741602, "relative_strength": 0.384235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.074239, "energy": 82.191795, "activity_lines": [ 217.777996, 212.922542, 208.90776, 204.136235 ] }, { "date": "2025-10-24", "close": 226.910995, "volume": 326, "typical_volume": 372.3, "trend": 197.170032, "fair_value": 165.554365, "relative_strength": 2.433404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.085209, "energy": 87.219819, "activity_lines": [ 221.391662, 216.050542, 210.94514, 206.164493 ] }, { "date": "2025-10-31", "close": 234.559998, "volume": 709, "typical_volume": 392.5, "trend": 199.707699, "fair_value": 166.430775, "relative_strength": 4.271726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.231618, "energy": 92.217767, "activity_lines": [ 226.437597, 220.188524, 213.560469, 208.576748 ] }, { "date": "2025-11-07", "close": 218.779999, "volume": 615, "typical_volume": 414.35, "trend": 201.693699, "fair_value": 167.169044, "relative_strength": -1.794996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.999033, "energy": 62.832654, "activity_lines": [ 224.703531, 220.89796, 214.478655, 209.807219 ] }, { "date": "2025-11-14", "close": 223.130005, "volume": 730, "typical_volume": 432.0, "trend": 203.876699, "fair_value": 167.934173, "relative_strength": -1.955598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.229606, "energy": 55.006162, "activity_lines": [ 224.477467, 222.117216, 215.69646, 211.190207 ] }, { "date": "2025-11-21", "close": 211.229996, "volume": 491, "typical_volume": 434.95, "trend": 205.305699, "fair_value": 168.610198, "relative_strength": -3.813449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.99281, "energy": 32.581491, "activity_lines": [ 220.069399, 220.741198, 215.682217, 211.664613 ] }, { "date": "2025-11-28", "close": 218.389999, "volume": 199, "typical_volume": 439.85, "trend": 206.654699, "fair_value": 169.329365, "relative_strength": -1.715317, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.818608, "energy": 19.812778, "activity_lines": [ 218.558666, 220.540089, 216.303498, 212.508762 ] }, { "date": "2025-12-05", "close": 224.259995, "volume": 509, "typical_volume": 399.65, "trend": 208.088365, "fair_value": 170.099557, "relative_strength": 1.144249, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.773542, "energy": 22.452557, "activity_lines": [ 219.572665, 221.256434, 217.41535, 213.644587 ] }, { "date": "2025-12-12", "close": 218.940002, "volume": 355, "typical_volume": 400.9, "trend": 208.852365, "fair_value": 170.862314, "relative_strength": -1.058992, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.714476, "energy": 17.107268, "activity_lines": [ 219.499999, 220.778235, 217.939155, 214.344693 ] }, { "date": "2025-12-19", "close": 219.559998, "volume": 929, "typical_volume": 430.75, "trend": 209.896699, "fair_value": 171.646801, "relative_strength": -3.072148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.531869, "energy": 19.267924, "activity_lines": [ 219.623332, 220.425671, 218.453865, 215.035508 ] }, { "date": "2025-12-26", "close": 220.350006, "volume": 598, "typical_volume": 451.6, "trend": 210.882699, "fair_value": 172.441929, "relative_strength": -1.991481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.12108, "energy": 23.52152, "activity_lines": [ 220.248001, 220.222927, 218.971956, 215.709915 ] }, { "date": "2026-01-02", "close": 223.190002, "volume": 191, "typical_volume": 456.15, "trend": 211.812365, "fair_value": 173.241096, "relative_strength": -1.94719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.861365, "energy": 24.703471, "activity_lines": [ 221.211335, 220.510001, 219.68919, 216.503934 ] }, { "date": "2026-01-09", "close": 228.460007, "volume": 311, "typical_volume": 465.4, "trend": 212.969032, "fair_value": 174.051288, "relative_strength": -0.036889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.24078, "energy": 33.152589, "activity_lines": [ 223.611337, 221.822911, 220.826329, 217.577976 ] }, { "date": "2026-01-16", "close": 228.710007, "volume": 580, "typical_volume": 479.9, "trend": 214.102699, "fair_value": 174.864942, "relative_strength": 0.232007, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.446158, "energy": 45.614412, "activity_lines": [ 225.814672, 223.292185, 221.869801, 218.593523 ] }, { "date": "2026-01-23", "close": 226.759995, "volume": 446, "typical_volume": 493.15, "trend": 214.914699, "fair_value": 175.638083, "relative_strength": 1.865451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.187862, "energy": 47.979101, "activity_lines": [ 226.716669, 224.226365, 222.606653, 219.410122 ] }, { "date": "2026-01-30", "close": 222.130005, "volume": 429, "typical_volume": 495.2, "trend": 215.602699, "fair_value": 176.348724, "relative_strength": -1.408257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.013039, "energy": 38.654634, "activity_lines": [ 225.595336, 224.25273, 222.77222, 219.875626 ] }, { "date": "2026-02-06", "close": 212.009995, "volume": 493, "typical_volume": 511.4, "trend": 215.869366, "fair_value": 177.004942, "relative_strength": -6.258943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.004852, "energy": 8.77326, "activity_lines": [ 220.982, 222.24091, 221.888834, 219.643838 ] }, { "date": "2026-02-13", "close": 211.990005, "volume": 554, "typical_volume": 510.55, "trend": 216.030033, "fair_value": 177.666609, "relative_strength": -5.04665, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.993549, "energy": 12.22096, "activity_lines": [ 217.107334, 220.341457, 220.994687, 219.393557 ] }, { "date": "2026-02-20", "close": 215.100006, "volume": 234, "typical_volume": 495.6, "trend": 216.379033, "fair_value": 178.354686, "relative_strength": -5.510831, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.986739, "energy": 24.209643, "activity_lines": [ 215.367336, 219.230548, 220.395635, 219.333555 ] }, { "date": "2026-02-27", "close": 211.360001, "volume": 554, "typical_volume": 501.2, "trend": 216.6087, "fair_value": 179.007699, "relative_strength": -8.391685, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.551139, "energy": 38.923304, "activity_lines": [ 213.288003, 217.509457, 219.462059, 219.009747 ] }, { "date": "2026-03-06", "close": 214.119995, "volume": 281, "typical_volume": 476.7, "trend": 216.900366, "fair_value": 179.688404, "relative_strength": -0.836088, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.43842, "energy": 43.604133, "activity_lines": [ 213.155333, 216.439274, 218.832006, 218.849185 ] }, { "date": "2026-03-13", "close": 213.789993, "volume": 300, "typical_volume": 475.4, "trend": 217.161033, "fair_value": 180.340263, "relative_strength": -1.408062, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.523575, "energy": 32.944868, "activity_lines": [ 213.446664, 215.422363, 218.193239, 218.648516 ] }, { "date": "2026-03-20", "close": 208.529999, "volume": 354, "typical_volume": 457.65, "trend": 217.319033, "fair_value": 180.958275, "relative_strength": -0.594615, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.716598, "energy": 34.706025, "activity_lines": [ 211.865997, 213.619999, 217.116, 218.091675 ] }, { "date": "2026-03-27", "close": 200.199997, "volume": 177, "typical_volume": 435.75, "trend": 217.215032, "fair_value": 181.522891, "relative_strength": -5.775711, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.800766, "energy": 57.856167, "activity_lines": [ 207.73933, 210.665453, 215.369381, 216.987221 ] }, { "date": "2026-04-03", "close": 207.910004, "volume": 347, "typical_volume": 416.6, "trend": 217.499033, "fair_value": 182.136929, "relative_strength": -6.958379, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.194596, "energy": 54.771799, "activity_lines": [ 207.175999, 209.63109, 214.445524, 216.386897 ] }, { "date": "2026-04-10", "close": 216.240005, "volume": 98, "typical_volume": 396.95, "trend": 217.898699, "fair_value": 182.804365, "relative_strength": -7.213547, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.687054, "energy": 40.470698, "activity_lines": [ 209.619335, 210.454, 214.387477, 216.305669 ] }, { "date": "2026-04-17", "close": 233.179993, "volume": 609, "typical_volume": 417.45, "trend": 218.666366, "fair_value": 183.580391, "relative_strength": -2.673709, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.863384, "energy": 6.81828, "activity_lines": [ 217.567999, 214.463999, 215.918905, 217.291559 ] }, { "date": "2026-04-24", "close": 242.949997, "volume": 538, "typical_volume": 418.9, "trend": 219.706033, "fair_value": 184.419045, "relative_strength": 3.745081, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 41.008722, "energy": 40.24383, "activity_lines": [ 227.480665, 219.865453, 218.310381, 218.858245 ] }, { "date": "2026-05-01", "close": 241.110001, "volume": 268, "typical_volume": 414.55, "trend": 220.421366, "fair_value": 185.245903, "relative_strength": 1.558988, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.88247, "energy": 64.60891, "activity_lines": [ 234.485332, 224.369453, 220.437619, 220.239146 ] }, { "date": "2026-05-08", "close": 260.109985, "volume": 358, "typical_volume": 386.0, "trend": 221.761699, "fair_value": 186.194557, "relative_strength": 6.959971, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.50497, "energy": 94.036953, "activity_lines": [ 245.095994, 231.855087, 224.268808, 222.799702 ] }, { "date": "2026-05-15", "close": 264.829987, "volume": 486, "typical_volume": 380.4, "trend": 223.293032, "fair_value": 187.109237, "relative_strength": 9.0442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.373679, "energy": 95.406595, "activity_lines": [ 253.799991, 239.31254, 228.356426, 225.578301 ] }, { "date": "2026-05-22", "close": 272.279999, "volume": 571, "typical_volume": 399.4, "trend": 224.805333, "fair_value": 188.027698, "relative_strength": 10.902012, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.854466, "energy": 95.105315, "activity_lines": [ 261.747993, 247.202541, 232.941759, 228.738751 ] }, { "date": "2026-05-29", "close": 280.76001, "volume": 2101, "typical_volume": 488.9, "trend": 226.345333, "fair_value": 188.98898, "relative_strength": 12.781146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.292749, "energy": 95.481057, "activity_lines": [ 269.915999, 255.570907, 238.10095, 232.34873 ] }, { "date": "2026-06-05", "close": 281.380005, "volume": 88, "typical_volume": 464.3, "trend": 228.432, "fair_value": 189.96257, "relative_strength": 12.994102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.666114, "energy": 92.650015, "activity_lines": [ 275.770001, 262.738726, 243.070141, 235.899354 ] }, { "date": "2026-06-12", "close": 282.529999, "volume": 43, "typical_volume": 444.15, "trend": 230.412, "fair_value": 190.910455, "relative_strength": 9.679714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.395398, "energy": 90.397794, "activity_lines": [ 279.322669, 268.639635, 247.898046, 239.389548 ] }, { "date": "2026-06-19", "close": 290.089996, "volume": 713, "typical_volume": 458.35, "trend": 233.040666, "fair_value": 191.935326, "relative_strength": 9.512097, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.659645, "energy": 92.904327, "activity_lines": [ 283.900667, 274.558362, 253.180379, 243.239741 ] }, { "date": "2026-06-26", "close": 279.910004, "volume": 181, "typical_volume": 442.75, "trend": 235.091333, "fair_value": 192.877185, "relative_strength": 8.78077, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.133374, "energy": 80.607054, "activity_lines": [ 283.401335, 277.283454, 257.16957, 246.263569 ] }, { "date": "2026-07-03", "close": 284.570007, "volume": 86, "typical_volume": 419.35, "trend": 237.101667, "fair_value": 193.860262, "relative_strength": 7.213838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.253456, "energy": 67.515592, "activity_lines": [ 283.946669, 280.006183, 261.279238, 249.455742 ] }, { "date": "2026-07-10", "close": 285.480011, "volume": 154, "typical_volume": 415.35, "trend": 239.319667, "fair_value": 194.820326, "relative_strength": 7.837261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.313631, "energy": 66.343718, "activity_lines": [ 284.541339, 282.13764, 265.129953, 252.576925 ] }, { "date": "2026-07-17", "close": 267.619995, "volume": 680, "typical_volume": 421.65, "trend": 240.921667, "fair_value": 195.675583, "relative_strength": 2.509625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.459925, "energy": 54.168724, "activity_lines": [ 278.909336, 280.215093, 266.944572, 254.402753 ] }, { "date": "2026-07-24", "close": 272.929993, "volume": 359, "typical_volume": 425.55, "trend": 242.674333, "fair_value": 196.543275, "relative_strength": 4.607416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.432102, "energy": 46.677162, "activity_lines": [ 276.041333, 279.121456, 268.997, 256.467806 ] }, { "date": "2026-07-31", "close": 271.5, "volume": 539, "typical_volume": 437.5, "trend": 244.284667, "fair_value": 197.426224, "relative_strength": 3.285933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.275414, "energy": 33.342358, "activity_lines": [ 273.840666, 277.620546, 270.63319, 258.327526 ] }, { "date": "2026-08-07", "close": 289.51001, "volume": 678, "typical_volume": 453.7, "trend": 246.319667, "fair_value": 198.453916, "relative_strength": 6.786018, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.440671, "energy": 41.077157, "activity_lines": [ 278.204002, 279.408366, 273.70981, 261.245291 ] } ], "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." } } }