{ "ticker": { "uuid": "bea6d63f-8376-4c13-b2b6-ccddb287f5f0", "symbol": "PWR", "name": "Quanta Services Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 95.717, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 10.54, "architecture_energy": 12.058, "architecture_maturity": 56.066, "architecture_confidence": 72.473, "architecture_tenure": "Developing", "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": 59.44, "rotation_up": 18.55, "upward_expansion": 40.41, "deceleration": 86.72, "rotation_down": 33.46, "downward_expansion": 32.08 }, "activity_lines": [ 654.792, 661.670754, 675.868738, 655.581171 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 671.86, "trend_reference": 617.966597, "distance_from_trend": 0.087211, "trend_direction": "Improving", "fair_value": 358.468072, "distance_from_fair_value": 0.874253, "fair_value_direction": "Weakening", "relative_strength": 13.075197, "relative_strength_direction": "Weakening", "price_momentum": 0.322532, "excess_performance": 0.196907, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087211, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.143399, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.874253, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.474966, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.130752, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.330488, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.322532, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.487983, "read": "Supply-led" } ], "volume": { "latest": 4870485, "relative_activity": 0.841389, "balance": 0.487983, "dry_up": 0.992451, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.089468, "annualized_volatility": 0.323054, "from_high_reference": -0.148061, "from_low_reference": 0.852069 }, "levels": { "trend_reference": 617.966597, "fair_value_reference": 358.468072, "structural_low": 503.101288, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.03759, "positive_rate": 0.533333, "directional_follow_through": 0.533333, "median_excess_return": -0.006778, "regime_survival": 0.533333, "best_return": 0.177946, "worst_return": -0.21208, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.210996, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.174757, "regime_survival": 0.0, "best_return": 0.275119, "worst_return": -0.139732, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.259435, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.188315, "regime_survival": 0.166667, "best_return": 0.490514, "worst_return": 0.108299, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.349552, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.233072, "regime_survival": 0.0, "best_return": 0.588034, "worst_return": 0.298305, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-20", "end": "2023-12-08", "tenure": "Developing", "return": 0.209775, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-15", "end": "2024-01-26", "tenure": "Developing", "return": -0.086681, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-02-16", "tenure": "New", "return": 0.033936, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-23", "end": "2024-06-28", "tenure": "Established", "return": 0.08442, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-09-20", "tenure": "Developing", "return": 0.151903, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-01-03", "tenure": "Established", "return": 0.101041, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": -0.140743, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": 0.033086, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-05-09", "tenure": "Developing", "return": 0.282077, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-06-20", "tenure": "Developing", "return": 0.046376, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-08-22", "tenure": "Developing", "return": -0.003457, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": 0.114589, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2026-06-12", "tenure": "Extended", "return": 0.695226, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.043123, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 202.356207, "volume": 3230736, "typical_volume": 3771901.55, "trend": 174.331091, "fair_value": 118.7422, "relative_strength": 17.456637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.718865, "energy": 64.846083, "activity_lines": [ 200.580471, 198.393139, 190.734604, 183.714886 ] }, { "date": "2023-08-25", "close": 204.548474, "volume": 3043361, "typical_volume": 3760228.0, "trend": 176.171479, "fair_value": 119.727545, "relative_strength": 17.197703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.093356, "energy": 65.093302, "activity_lines": [ 201.966249, 199.998778, 192.765011, 185.664394 ] }, { "date": "2023-09-01", "close": 211.613553, "volume": 2573052, "typical_volume": 3695723.3, "trend": 178.166728, "fair_value": 120.754438, "relative_strength": 17.622402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.153097, "energy": 70.80519, "activity_lines": [ 205.45594, 202.537568, 195.249032, 187.95098 ] }, { "date": "2023-09-08", "close": 205.774151, "volume": 2439513, "typical_volume": 3686017.7, "trend": 180.003503, "fair_value": 121.746561, "relative_strength": 15.292882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.244174, "energy": 63.818484, "activity_lines": [ 206.209947, 203.546735, 196.956709, 189.732104 ] }, { "date": "2023-09-15", "close": 198.53967, "volume": 3697804, "typical_volume": 3710504.65, "trend": 181.480987, "fair_value": 122.690155, "relative_strength": 10.915839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.712513, "energy": 55.018271, "activity_lines": [ 204.139251, 203.058457, 197.781939, 190.927985 ] }, { "date": "2023-09-22", "close": 187.787597, "volume": 4360177, "typical_volume": 3709310.9, "trend": 182.40958, "fair_value": 123.566029, "relative_strength": 7.641209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.185054, "energy": 28.078249, "activity_lines": [ 198.546313, 200.513072, 197.442377, 191.334863 ] }, { "date": "2023-09-29", "close": 186.492166, "volume": 4515154, "typical_volume": 3734875.55, "trend": 183.212692, "fair_value": 124.411138, "relative_strength": 7.248466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.931606, "energy": 21.059336, "activity_lines": [ 193.492806, 197.8713, 196.89664, 191.598256 ] }, { "date": "2023-10-06", "close": 172.176522, "volume": 11221471, "typical_volume": 4092574.2, "trend": 183.730098, "fair_value": 125.138902, "relative_strength": -1.657675, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -25.312742, "energy": 38.145751, "activity_lines": [ 184.87117, 192.886494, 194.924061, 190.886245 ] }, { "date": "2023-10-13", "close": 172.99399, "volume": 5315241, "typical_volume": 4130704.2, "trend": 184.349422, "fair_value": 125.854452, "relative_strength": -1.880742, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -41.506064, "energy": 49.780673, "activity_lines": [ 179.15116, 188.552115, 193.023909, 190.193593 ] }, { "date": "2023-10-20", "close": 164.191264, "volume": 5546899, "typical_volume": 4151365.45, "trend": 184.486825, "fair_value": 126.511734, "relative_strength": -4.726326, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.166286, "energy": 72.624854, "activity_lines": [ 172.682252, 183.10055, 190.286944, 188.893067 ] }, { "date": "2023-10-27", "close": 164.360739, "volume": 5305070, "typical_volume": 4274818.6, "trend": 184.435408, "fair_value": 127.169086, "relative_strength": -2.340418, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.871289, "energy": 73.744554, "activity_lines": [ 168.559729, 178.321164, 187.638419, 187.594609 ] }, { "date": "2023-11-03", "close": 168.657426, "volume": 11755313, "typical_volume": 4627182.15, "trend": 184.773785, "fair_value": 127.836908, "relative_strength": -5.295009, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.066986, "energy": 67.150637, "activity_lines": [ 167.431225, 175.013821, 185.483637, 186.576675 ] }, { "date": "2023-11-10", "close": 173.532322, "volume": 7086780, "typical_volume": 4753972.9, "trend": 185.045893, "fair_value": 128.511734, "relative_strength": -3.990306, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.126133, "energy": 44.151797, "activity_lines": [ 169.11667, 173.245387, 183.872005, 185.851419 ] }, { "date": "2023-11-17", "close": 182.544398, "volume": 5792954, "typical_volume": 4864187.45, "trend": 185.625707, "fair_value": 129.257404, "relative_strength": -1.402822, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.450126, "energy": 29.588799, "activity_lines": [ 173.715753, 173.807899, 183.177456, 185.690033 ] }, { "date": "2023-11-24", "close": 182.016035, "volume": 2658756, "typical_volume": 4875081.3, "trend": 186.060412, "fair_value": 129.980329, "relative_strength": -2.783209, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -39.962589, "energy": 23.178498, "activity_lines": [ 177.502022, 174.696704, 182.495516, 185.457151 ] }, { "date": "2023-12-01", "close": 189.961417, "volume": 6859932, "typical_volume": 5024979.35, "trend": 186.712482, "fair_value": 130.749109, "relative_strength": 0.463259, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -20.570037, "energy": 21.492431, "activity_lines": [ 182.748433, 177.330553, 182.622201, 185.708828 ] }, { "date": "2023-12-08", "close": 198.634544, "volume": 5333323, "typical_volume": 5138430.7, "trend": 187.561354, "fair_value": 131.56498, "relative_strength": 4.55074, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 17.417077, "energy": 26.320243, "activity_lines": [ 189.179174, 181.50181, 183.600989, 186.477994 ] }, { "date": "2023-12-15", "close": 214.355833, "volume": 6783892, "typical_volume": 5295634.15, "trend": 189.005322, "fair_value": 132.50562, "relative_strength": 9.780502, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.147776, "energy": 42.895784, "activity_lines": [ 198.851871, 188.310714, 186.087267, 188.20667 ] }, { "date": "2023-12-22", "close": 213.37886, "volume": 4843354, "typical_volume": 5262274.45, "trend": 190.34069, "fair_value": 133.423242, "relative_strength": 7.93397, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.761037, "energy": 62.434074, "activity_lines": [ 205.477342, 194.175089, 188.411069, 189.779156 ] }, { "date": "2023-12-29", "close": 215.223145, "volume": 1780577, "typical_volume": 5207167.95, "trend": 191.535663, "fair_value": 134.345387, "relative_strength": 8.10732, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.806713, "energy": 69.656156, "activity_lines": [ 210.661945, 199.640518, 190.84479, 191.384476 ] }, { "date": "2024-01-05", "close": 198.547839, "volume": 4412517, "typical_volume": 5266257.0, "trend": 192.083485, "fair_value": 135.135484, "relative_strength": 1.018972, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.35196, "energy": 62.389465, "activity_lines": [ 208.074304, 201.146221, 191.615354, 191.836874 ] }, { "date": "2024-01-12", "close": 201.918804, "volume": 3633740, "typical_volume": 5295775.95, "trend": 192.640079, "fair_value": 135.946047, "relative_strength": 0.629985, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.511165, "energy": 46.860077, "activity_lines": [ 206.037891, 202.643243, 192.725098, 192.471411 ] }, { "date": "2024-01-19", "close": 201.888885, "volume": 2064266, "typical_volume": 5270336.65, "trend": 193.173763, "fair_value": 136.746889, "relative_strength": -0.78847, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.76573, "energy": 29.619038, "activity_lines": [ 203.772554, 203.530073, 193.844514, 193.068108 ] }, { "date": "2024-01-26", "close": 195.775271, "volume": 7132954, "typical_volume": 5505008.7, "trend": 193.17429, "fair_value": 137.554215, "relative_strength": -4.896807, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 38.943812, "energy": 22.184131, "activity_lines": [ 200.300475, 202.789763, 194.427989, 193.235947 ] }, { "date": "2024-02-02", "close": 203.953351, "volume": 5772385, "typical_volume": 5608737.75, "trend": 193.542085, "fair_value": 138.379153, "relative_strength": -2.487721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.405939, "energy": 23.12088, "activity_lines": [ 200.727996, 203.295816, 195.837943, 193.931371 ] }, { "date": "2024-02-09", "close": 209.548355, "volume": 4390259, "typical_volume": 5610241.85, "trend": 194.012343, "fair_value": 139.22776, "relative_strength": -1.375557, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.551597, "energy": 31.582905, "activity_lines": [ 203.771838, 204.420281, 197.754975, 194.964033 ] }, { "date": "2024-02-16", "close": 210.8748, "volume": 3789784, "typical_volume": 5573973.35, "trend": 194.348778, "fair_value": 140.088809, "relative_strength": -0.585497, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.307425, "energy": 43.511132, "activity_lines": [ 206.52446, 205.429792, 199.694712, 196.051934 ] }, { "date": "2024-02-23", "close": 233.763452, "volume": 5917451, "typical_volume": 5308772.35, "trend": 195.481716, "fair_value": 141.054655, "relative_strength": 8.147239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.740274, "energy": 78.834194, "activity_lines": [ 216.309567, 210.378326, 203.698213, 198.594816 ] }, { "date": "2024-03-01", "close": 240.246077, "volume": 5797690, "typical_volume": 5332894.8, "trend": 196.837385, "fair_value": 142.066693, "relative_strength": 9.762608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.751953, "energy": 91.225972, "activity_lines": [ 226.130577, 216.152654, 208.025836, 201.482839 ] }, { "date": "2024-03-08", "close": 241.41295, "volume": 4271034, "typical_volume": 5269101.55, "trend": 198.235603, "fair_value": 143.051147, "relative_strength": 10.243131, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.264912, "energy": 93.23211, "activity_lines": [ 233.375825, 221.650645, 212.144342, 204.358682 ] }, { "date": "2024-03-15", "close": 242.101105, "volume": 3805013, "typical_volume": 5194098.7, "trend": 199.560433, "fair_value": 144.060212, "relative_strength": 10.259824, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.651615, "energy": 91.599261, "activity_lines": [ 238.353151, 226.797577, 215.960664, 207.188714 ] }, { "date": "2024-03-22", "close": 255.235901, "volume": 3818028, "typical_volume": 4797234.45, "trend": 201.250014, "fair_value": 145.142803, "relative_strength": 13.302409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.4319, "energy": 94.909981, "activity_lines": [ 245.538559, 233.540776, 220.657726, 210.78068 ] }, { "date": "2024-03-29", "close": 259.105529, "volume": 3158502, "typical_volume": 4600820.55, "trend": 202.83308, "fair_value": 146.237304, "relative_strength": 14.183365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.490863, "energy": 93.277028, "activity_lines": [ 251.056436, 240.018143, 225.311047, 214.513294 ] }, { "date": "2024-04-05", "close": 262.49644, "volume": 3918247, "typical_volume": 4507085.2, "trend": 204.723823, "fair_value": 147.324251, "relative_strength": 16.129647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.35556, "energy": 91.68052, "activity_lines": [ 256.015145, 246.071736, 229.879819, 218.362543 ] }, { "date": "2024-04-12", "close": 254.096357, "volume": 3540570, "typical_volume": 4551175.9, "trend": 206.575712, "fair_value": 148.344765, "relative_strength": 13.627214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.94966, "energy": 70.378152, "activity_lines": [ 256.690469, 249.384929, 233.26786, 221.547868 ] }, { "date": "2024-04-19", "close": 242.692999, "volume": 4712116, "typical_volume": 4443785.1, "trend": 208.405893, "fair_value": 149.279848, "relative_strength": 11.556833, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.941214, "energy": 63.118311, "activity_lines": [ 252.719113, 249.713093, 235.226627, 223.878015 ] }, { "date": "2024-04-26", "close": 261.050111, "volume": 4368979, "typical_volume": 4395567.9, "trend": 210.891157, "fair_value": 150.338963, "relative_strength": 16.385376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.875202, "energy": 63.544541, "activity_lines": [ 254.827335, 252.776283, 238.682588, 227.274416 ] }, { "date": "2024-05-03", "close": 255.732534, "volume": 5549288, "typical_volume": 4333837.7, "trend": 213.676358, "fair_value": 151.341488, "relative_strength": 12.939328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.130759, "energy": 52.311994, "activity_lines": [ 254.775418, 253.960364, 241.334895, 230.167408 ] }, { "date": "2024-05-10", "close": 270.847222, "volume": 5439848, "typical_volume": 4363662.4, "trend": 216.938132, "fair_value": 152.458446, "relative_strength": 16.948118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.81636, "energy": 59.999547, "activity_lines": [ 259.986596, 257.493131, 245.229665, 233.855851 ] }, { "date": "2024-05-17", "close": 263.783724, "volume": 4086171, "typical_volume": 4478942.1, "trend": 220.257881, "fair_value": 153.560636, "relative_strength": 11.641847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.65463, "energy": 56.925271, "activity_lines": [ 262.286555, 259.185242, 248.178062, 236.878147 ] }, { "date": "2024-05-24", "close": 282.769368, "volume": 5246946, "typical_volume": 4520663.55, "trend": 224.204835, "fair_value": 154.767176, "relative_strength": 19.087048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.819042, "energy": 70.958253, "activity_lines": [ 270.269239, 263.922547, 252.703375, 240.911147 ] }, { "date": "2024-05-31", "close": 275.296827, "volume": 4628824, "typical_volume": 4570417.75, "trend": 227.759482, "fair_value": 155.939736, "relative_strength": 15.914296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.143374, "energy": 72.897636, "activity_lines": [ 273.089317, 266.561785, 256.115962, 244.207404 ] }, { "date": "2024-06-07", "close": 268.692257, "volume": 4389521, "typical_volume": 4686680.5, "trend": 230.93148, "fair_value": 157.076569, "relative_strength": 11.377745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.500131, "energy": 56.870456, "activity_lines": [ 272.758091, 267.635448, 258.550123, 246.848228 ] }, { "date": "2024-06-14", "close": 272.653003, "volume": 3189163, "typical_volume": 4489490.95, "trend": 233.9351, "fair_value": 158.278265, "relative_strength": 10.833433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.146433, "energy": 53.16541, "activity_lines": [ 272.883132, 269.254942, 261.043387, 249.53994 ] }, { "date": "2024-06-21", "close": 273.361348, "volume": 3719190, "typical_volume": 4386831.2, "trend": 236.979944, "fair_value": 159.443821, "relative_strength": 10.1, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.905153, "energy": 46.591625, "activity_lines": [ 273.123903, 270.818562, 263.238028, 252.083568 ] }, { "date": "2024-06-28", "close": 253.497755, "volume": 5293158, "typical_volume": 4431976.15, "trend": 239.097822, "fair_value": 160.49934, "relative_strength": 2.076698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.803765, "energy": 27.531649, "activity_lines": [ 266.104968, 268.420346, 263.210384, 253.149234 ] }, { "date": "2024-07-05", "close": 252.032966, "volume": 3603097, "typical_volume": 4422641.8, "trend": 240.877769, "fair_value": 161.543815, "relative_strength": -0.454659, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.720535, "energy": 17.85098, "activity_lines": [ 260.54921, 265.559356, 262.833953, 253.983759 ] }, { "date": "2024-07-12", "close": 268.280923, "volume": 3354031, "typical_volume": 4294470.8, "trend": 242.675272, "fair_value": 162.704211, "relative_strength": 4.782902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.943929, "energy": 19.869372, "activity_lines": [ 261.960363, 265.816487, 263.808956, 255.751705 ] }, { "date": "2024-07-19", "close": 258.051098, "volume": 7685866, "typical_volume": 4388879.6, "trend": 244.164347, "fair_value": 163.787392, "relative_strength": 2.721457, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.147364, "energy": 19.462538, "activity_lines": [ 259.988996, 263.985498, 263.64532, 256.743693 ] }, { "date": "2024-07-26", "close": 256.224699, "volume": 4314243, "typical_volume": 4391040.05, "trend": 245.531065, "fair_value": 164.851677, "relative_strength": 2.729172, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.119771, "energy": 11.849114, "activity_lines": [ 258.38229, 262.055093, 263.222956, 257.521781 ] }, { "date": "2024-08-02", "close": 240.445817, "volume": 6564488, "typical_volume": 4529013.8, "trend": 246.927664, "fair_value": 165.805592, "relative_strength": -1.502275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.006636, "energy": 11.959243, "activity_lines": [ 252.658399, 257.393237, 261.22731, 257.1937 ] }, { "date": "2024-08-09", "close": 259.109011, "volume": 6024646, "typical_volume": 4639344.7, "trend": 248.834004, "fair_value": 166.846577, "relative_strength": 5.981569, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.714151, "energy": 12.50767, "activity_lines": [ 254.025703, 256.894208, 261.016992, 257.979593 ] }, { "date": "2024-08-16", "close": 265.366671, "volume": 3256701, "typical_volume": 4644254.65, "trend": 250.949931, "fair_value": 167.935117, "relative_strength": 4.328637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.628697, "energy": 11.803858, "activity_lines": [ 257.007156, 257.827259, 261.384199, 259.046217 ] }, { "date": "2024-08-23", "close": 272.632342, "volume": 2909811, "typical_volume": 4593832.85, "trend": 253.511833, "fair_value": 169.02539, "relative_strength": 5.63407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.555134, "energy": 16.670566, "activity_lines": [ 262.604784, 260.141807, 262.41356, 260.445082 ] }, { "date": "2024-08-30", "close": 274.588484, "volume": 2766481, "typical_volume": 4555128.4, "trend": 255.866338, "fair_value": 170.04774, "relative_strength": 6.04824, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.130926, "energy": 28.611066, "activity_lines": [ 267.882376, 262.812393, 263.580953, 261.804866 ] }, { "date": "2024-09-06", "close": 247.432039, "volume": 3333705, "typical_volume": 4486207.85, "trend": 257.129127, "fair_value": 170.897282, "relative_strength": -0.272054, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.836292, "energy": 13.160533, "activity_lines": [ 262.883567, 260.523131, 262.064437, 261.260718 ] }, { "date": "2024-09-13", "close": 269.009487, "volume": 3384091, "typical_volume": 4436963.45, "trend": 259.06695, "fair_value": 171.868477, "relative_strength": 4.133819, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 39.824486, "energy": 20.816657, "activity_lines": [ 264.611493, 262.267328, 262.580349, 262.027193 ] }, { "date": "2024-09-20", "close": 290.317465, "volume": 3793229, "typical_volume": 4349160.5, "trend": 260.952084, "fair_value": 172.983448, "relative_strength": 10.491136, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.049715, "energy": 45.88737, "activity_lines": [ 272.782047, 267.577039, 265.087691, 264.043355 ] }, { "date": "2024-09-27", "close": 296.155951, "volume": 4115977, "typical_volume": 4282966.95, "trend": 262.815746, "fair_value": 174.139398, "relative_strength": 11.724671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.210505, "energy": 55.913537, "activity_lines": [ 281.235376, 273.547628, 267.986388, 266.314572 ] }, { "date": "2024-10-04", "close": 305.211033, "volume": 3231013, "typical_volume": 4240209.05, "trend": 264.942349, "fair_value": 175.378213, "relative_strength": 14.23861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.344636, "energy": 73.351523, "activity_lines": [ 291.138825, 280.47178, 271.626957, 269.049752 ] }, { "date": "2024-10-11", "close": 308.904873, "volume": 3152821, "typical_volume": 4135502.8, "trend": 267.169141, "fair_value": 176.643443, "relative_strength": 13.71068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.325323, "energy": 78.833204, "activity_lines": [ 300.232051, 287.176879, 275.422047, 271.886044 ] }, { "date": "2024-10-18", "close": 313.746799, "volume": 2571433, "typical_volume": 4032633.25, "trend": 269.119504, "fair_value": 177.903309, "relative_strength": 13.84195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.507004, "energy": 82.385723, "activity_lines": [ 306.841064, 293.517617, 279.553818, 274.891054 ] }, { "date": "2024-10-25", "close": 307.656954, "volume": 3187108, "typical_volume": 3972512.6, "trend": 270.737885, "fair_value": 179.103646, "relative_strength": 12.127406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.757238, "energy": 78.303922, "activity_lines": [ 308.43764, 297.757697, 282.922509, 277.377341 ] }, { "date": "2024-11-01", "close": 302.994729, "volume": 4605523, "typical_volume": 4043330.6, "trend": 272.087828, "fair_value": 180.298662, "relative_strength": 11.35459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.291788, "energy": 70.734006, "activity_lines": [ 307.324176, 300.381186, 285.661632, 279.458428 ] }, { "date": "2024-11-08", "close": 330.42898, "volume": 6480487, "typical_volume": 4181395.45, "trend": 274.632249, "fair_value": 181.672338, "relative_strength": 15.213056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.079667, "energy": 77.568819, "activity_lines": [ 314.899543, 307.440676, 290.869057, 283.222373 ] }, { "date": "2024-11-15", "close": 322.791716, "volume": 4285172, "typical_volume": 4130996.15, "trend": 277.302206, "fair_value": 182.971092, "relative_strength": 14.295666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.566924, "energy": 64.784484, "activity_lines": [ 318.24796, 312.096292, 295.077372, 286.329436 ] }, { "date": "2024-11-22", "close": 341.350767, "volume": 4328926, "typical_volume": 4167287.6, "trend": 279.978895, "fair_value": 184.411216, "relative_strength": 18.094818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.16133, "energy": 76.84469, "activity_lines": [ 326.856937, 318.756104, 300.723245, 290.461601 ] }, { "date": "2024-11-29", "close": 343.946438, "volume": 2988416, "typical_volume": 4149006.85, "trend": 282.919358, "fair_value": 185.899353, "relative_strength": 16.901144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.956513, "energy": 84.499297, "activity_lines": [ 334.490873, 324.572561, 306.191002, 294.588539 ] }, { "date": "2024-12-06", "close": 331.916499, "volume": 4869991, "typical_volume": 4008213.1, "trend": 284.955001, "fair_value": 187.299238, "relative_strength": 11.359782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.966635, "energy": 74.486286, "activity_lines": [ 335.695531, 327.226684, 310.152738, 297.749645 ] }, { "date": "2024-12-13", "close": 337.037959, "volume": 5322947, "typical_volume": 4058648.3, "trend": 287.396809, "fair_value": 188.766955, "relative_strength": 13.321761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.449176, "energy": 69.577622, "activity_lines": [ 336.679224, 330.161789, 314.250493, 301.109836 ] }, { "date": "2024-12-20", "close": 327.863259, "volume": 6692356, "typical_volume": 4065041.7, "trend": 288.899938, "fair_value": 190.156641, "relative_strength": 11.870587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.45341, "energy": 54.03956, "activity_lines": [ 334.164085, 330.850096, 317.089641, 303.720575 ] }, { "date": "2024-12-27", "close": 322.602032, "volume": 2669261, "typical_volume": 3897272.45, "trend": 290.476778, "fair_value": 191.494909, "relative_strength": 9.007941, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.925018, "energy": 39.256784, "activity_lines": [ 329.557101, 330.237118, 319.011447, 305.894903 ] }, { "date": "2025-01-03", "close": 326.079726, "volume": 3524266, "typical_volume": 3910650.7, "trend": 292.389694, "fair_value": 192.905767, "relative_strength": 10.236487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.771821, "energy": 32.990278, "activity_lines": [ 327.359263, 330.095444, 320.962113, 308.191868 ] }, { "date": "2025-01-10", "close": 313.057309, "volume": 3767092, "typical_volume": 3953514.75, "trend": 293.736504, "fair_value": 194.233467, "relative_strength": 7.467343, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.82726, "energy": 21.770142, "activity_lines": [ 322.011735, 327.251098, 321.38344, 309.525262 ] }, { "date": "2025-01-17", "close": 337.004974, "volume": 6152070, "typical_volume": 4122794.2, "trend": 295.857958, "fair_value": 195.767977, "relative_strength": 11.779506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.560865, "energy": 25.512601, "activity_lines": [ 325.90404, 328.577917, 323.892997, 312.316776 ] }, { "date": "2025-01-24", "close": 357.547238, "volume": 5522020, "typical_volume": 4232209.95, "trend": 299.326275, "fair_value": 197.432704, "relative_strength": 15.766391, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.219543, "energy": 43.553765, "activity_lines": [ 336.645966, 333.52013, 328.061739, 316.29673 ] }, { "date": "2025-01-31", "close": 307.195224, "volume": 12524993, "typical_volume": 4689255.05, "trend": 301.165017, "fair_value": 198.765428, "relative_strength": 0.128924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.090981, "energy": 17.691239, "activity_lines": [ 328.624956, 328.675513, 326.910693, 316.804404 ] }, { "date": "2025-02-07", "close": 311.818981, "volume": 6150121, "typical_volume": 4807099.65, "trend": 302.616285, "fair_value": 200.128046, "relative_strength": 1.447873, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.969414, "energy": 12.42646, "activity_lines": [ 323.172318, 325.292588, 326.018168, 317.491756 ] }, { "date": "2025-02-14", "close": 285.065104, "volume": 6992962, "typical_volume": 4950948.9, "trend": 303.516752, "fair_value": 201.304773, "relative_strength": -8.751777, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.513609, "energy": 15.265482, "activity_lines": [ 309.752438, 317.629458, 322.475266, 316.359422 ] }, { "date": "2025-02-21", "close": 268.996799, "volume": 11358695, "typical_volume": 5357333.0, "trend": 303.942489, "fair_value": 202.340036, "relative_strength": -12.435814, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.857753, "energy": 40.027132, "activity_lines": [ 292.842603, 307.896661, 317.454863, 314.132328 ] }, { "date": "2025-02-28", "close": 259.279919, "volume": 12890684, "typical_volume": 5844226.15, "trend": 304.570292, "fair_value": 203.306898, "relative_strength": -14.658592, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.033342, "energy": 64.47875, "activity_lines": [ 277.227686, 297.634271, 311.681492, 311.250872 ] }, { "date": "2025-03-07", "close": 245.688271, "volume": 10017418, "typical_volume": 6216525.4, "trend": 304.122934, "fair_value": 204.096528, "relative_strength": -16.407266, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.367928, "energy": 74.685597, "activity_lines": [ 263.633374, 286.147642, 304.849987, 307.452032 ] }, { "date": "2025-03-14", "close": 260.458328, "volume": 10693410, "typical_volume": 6591840.5, "trend": 303.959323, "fair_value": 204.960205, "relative_strength": -9.26066, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.733963, "energy": 68.871569, "activity_lines": [ 259.062879, 278.74491, 299.749243, 304.634961 ] }, { "date": "2025-03-21", "close": 267.858336, "volume": 7039278, "typical_volume": 6713528.25, "trend": 303.800189, "fair_value": 205.82203, "relative_strength": -7.08208, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.464583, "energy": 72.203387, "activity_lines": [ 260.383096, 273.88075, 295.578016, 302.305865 ] }, { "date": "2025-03-28", "close": 253.947119, "volume": 6861456, "typical_volume": 6732576.7, "trend": 303.112144, "fair_value": 206.611747, "relative_strength": -10.438383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.590403, "energy": 58.294523, "activity_lines": [ 258.213359, 267.309078, 290.249228, 299.089538 ] }, { "date": "2025-04-04", "close": 239.241987, "volume": 7265353, "typical_volume": 6881585.75, "trend": 302.839142, "fair_value": 207.291663, "relative_strength": -7.074199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.930607, "energy": 52.387222, "activity_lines": [ 252.145223, 259.573888, 283.884151, 294.968883 ] }, { "date": "2025-04-11", "close": 269.313327, "volume": 8685062, "typical_volume": 7099392.55, "trend": 302.84927, "fair_value": 208.157016, "relative_strength": -1.011366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.860062, "energy": 40.966091, "activity_lines": [ 257.436729, 259.457219, 280.780866, 292.805927 ] }, { "date": "2025-04-18", "close": 266.965565, "volume": 3929757, "typical_volume": 7146459.6, "trend": 302.070873, "fair_value": 209.100341, "relative_strength": -0.511197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.429963, "energy": 35.154181, "activity_lines": [ 260.370645, 259.602446, 277.797021, 290.490849 ] }, { "date": "2025-04-25", "close": 287.066407, "volume": 6393602, "typical_volume": 7222640.15, "trend": 301.767888, "fair_value": 210.20157, "relative_strength": 2.267606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.630384, "energy": 24.516766, "activity_lines": [ 269.571025, 264.217888, 277.094117, 289.522819 ] }, { "date": "2025-05-02", "close": 320.834224, "volume": 9109645, "typical_volume": 7411975.05, "trend": 302.288661, "fair_value": 211.509001, "relative_strength": 10.797559, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.233764, "energy": 16.929645, "activity_lines": [ 288.746806, 274.936546, 279.820768, 290.752905 ] }, { "date": "2025-05-09", "close": 325.579702, "volume": 5396975, "typical_volume": 7347206.0, "trend": 302.844489, "fair_value": 212.878836, "relative_strength": 12.705139, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 29.140289, "energy": 33.166363, "activity_lines": [ 305.045272, 285.575519, 283.076529, 292.255553 ] }, { "date": "2025-05-16", "close": 344.461706, "volume": 7355360, "typical_volume": 7581510.95, "trend": 303.868319, "fair_value": 214.36697, "relative_strength": 12.930424, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.64115, "energy": 52.495829, "activity_lines": [ 321.881893, 298.442134, 288.141451, 294.940535 ] }, { "date": "2025-05-23", "close": 335.040685, "volume": 5235899, "typical_volume": 7667092.6, "trend": 304.78111, "fair_value": 215.727751, "relative_strength": 12.545111, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.330643, "energy": 62.322127, "activity_lines": [ 330.568281, 307.799955, 292.205039, 296.951655 ] }, { "date": "2025-05-30", "close": 342.233829, "volume": 4092585, "typical_volume": 7683367.25, "trend": 306.08908, "fair_value": 217.098899, "relative_strength": 12.736901, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.164569, "energy": 66.47254, "activity_lines": [ 337.114042, 317.109577, 296.911017, 299.36796 ] }, { "date": "2025-06-06", "close": 361.005938, "volume": 4584224, "typical_volume": 7604974.95, "trend": 307.108312, "fair_value": 218.606436, "relative_strength": 16.580694, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.097482, "energy": 73.770117, "activity_lines": [ 346.239345, 328.480028, 303.265879, 302.910983 ] }, { "date": "2025-06-13", "close": 357.91888, "volume": 4906415, "typical_volume": 7574194.7, "trend": 308.279218, "fair_value": 220.175418, "relative_strength": 15.607411, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.064484, "energy": 69.310731, "activity_lines": [ 351.657514, 337.342673, 309.212445, 306.189084 ] }, { "date": "2025-06-20", "close": 360.436481, "volume": 4135477, "typical_volume": 7154718.9, "trend": 308.915408, "fair_value": 221.683255, "relative_strength": 16.185868, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.612377, "energy": 75.624983, "activity_lines": [ 355.758939, 344.505301, 315.397013, 309.554068 ] }, { "date": "2025-06-27", "close": 380.896981, "volume": 7862458, "typical_volume": 7240335.75, "trend": 310.147093, "fair_value": 223.320781, "relative_strength": 18.01919, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.428859, "energy": 83.926864, "activity_lines": [ 365.615545, 353.731235, 323.27667, 314.198041 ] }, { "date": "2025-07-04", "close": 386.245703, "volume": 4817456, "typical_volume": 7131560.45, "trend": 311.958066, "fair_value": 224.955556, "relative_strength": 17.004741, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.334707, "energy": 86.334488, "activity_lines": [ 374.197972, 361.858184, 331.336787, 319.107629 ] }, { "date": "2025-07-11", "close": 383.51757, "volume": 4505234, "typical_volume": 6788887.4, "trend": 313.507387, "fair_value": 226.59796, "relative_strength": 15.949826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.263414, "energy": 85.746484, "activity_lines": [ 378.936896, 367.685849, 338.655269, 323.724371 ] }, { "date": "2025-07-18", "close": 403.034215, "volume": 4217436, "typical_volume": 6355225.0, "trend": 316.013085, "fair_value": 228.333278, "relative_strength": 20.355693, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.378448, "energy": 89.749184, "activity_lines": [ 388.680594, 375.922298, 347.287142, 329.500295 ] }, { "date": "2025-07-25", "close": 421.391653, "volume": 6147858, "typical_volume": 6161747.0, "trend": 319.306073, "fair_value": 230.150126, "relative_strength": 23.136503, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.448628, "energy": 91.34723, "activity_lines": [ 401.535748, 386.088198, 356.982798, 336.298912 ] }, { "date": "2025-08-01", "close": 394.899781, "volume": 9563451, "typical_volume": 6105249.05, "trend": 321.600075, "fair_value": 231.808756, "relative_strength": 17.499509, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.175389, "energy": 79.174554, "activity_lines": [ 401.4966, 390.038669, 363.318736, 341.175926 ] }, { "date": "2025-08-08", "close": 385.885949, "volume": 5054301, "typical_volume": 6006000.2, "trend": 324.027696, "fair_value": 233.367851, "relative_strength": 11.581405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.970233, "energy": 63.468429, "activity_lines": [ 397.519322, 391.261914, 368.156017, 345.323402 ] }, { "date": "2025-08-15", "close": 380.5496, "volume": 5870342, "typical_volume": 5956444.5, "trend": 325.479183, "fair_value": 234.901918, "relative_strength": 8.557212, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.943737, "energy": 53.635455, "activity_lines": [ 391.787244, 390.721238, 371.923037, 348.969976 ] }, { "date": "2025-08-22", "close": 379.580264, "volume": 4326629, "typical_volume": 5809508.3, "trend": 326.213618, "fair_value": 236.413133, "relative_strength": 7.59779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.292787, "energy": 37.135147, "activity_lines": [ 385.929919, 389.64898, 374.994871, 352.460368 ] }, { "date": "2025-08-29", "close": 377.701549, "volume": 3687842, "typical_volume": 5559647.3, "trend": 328.563828, "fair_value": 237.937995, "relative_strength": 6.761561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.815487, "energy": 27.840402, "activity_lines": [ 381.009952, 387.841295, 377.219502, 355.78217 ] }, { "date": "2025-09-05", "close": 372.245283, "volume": 3518412, "typical_volume": 5539080.05, "trend": 330.578038, "fair_value": 239.388612, "relative_strength": 4.45476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.999514, "energy": 23.494169, "activity_lines": [ 377.183903, 384.727651, 378.408354, 358.600329 ] }, { "date": "2025-09-12", "close": 382.268424, "volume": 4611461, "typical_volume": 5449973.0, "trend": 333.818149, "fair_value": 240.963022, "relative_strength": 5.251804, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.041316, "energy": 20.199564, "activity_lines": [ 378.209202, 383.593699, 380.050459, 361.935192 ] }, { "date": "2025-09-19", "close": 388.314287, "volume": 5151191, "typical_volume": 5252050.3, "trend": 337.795399, "fair_value": 242.631392, "relative_strength": 5.363117, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.74194, "energy": 23.916963, "activity_lines": [ 381.490956, 383.63131, 381.815018, 365.451072 ] }, { "date": "2025-09-26", "close": 405.162758, "volume": 5136651, "typical_volume": 5239034.1, "trend": 342.65816, "fair_value": 244.416053, "relative_strength": 9.913208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.484298, "energy": 38.762342, "activity_lines": [ 389.871222, 386.645066, 384.862859, 369.797354 ] }, { "date": "2025-10-03", "close": 420.982057, "volume": 4292388, "typical_volume": 5085885.5, "trend": 348.501286, "fair_value": 246.294849, "relative_strength": 12.593862, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.828751, "energy": 51.361358, "activity_lines": [ 401.819087, 392.496357, 389.038334, 374.850508 ] }, { "date": "2025-10-10", "close": 417.423646, "volume": 6408804, "typical_volume": 5144530.75, "trend": 353.733464, "fair_value": 248.183491, "relative_strength": 14.018422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.480453, "energy": 63.395328, "activity_lines": [ 409.695449, 397.708112, 392.510529, 379.297112 ] }, { "date": "2025-10-17", "close": 433.656399, "volume": 4114012, "typical_volume": 5145602.1, "trend": 359.260066, "fair_value": 250.112406, "relative_strength": 15.989493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.962673, "energy": 76.751512, "activity_lines": [ 419.970837, 405.461751, 397.136401, 384.45343 ] }, { "date": "2025-10-24", "close": 440.73324, "volume": 5122183, "typical_volume": 5172500.05, "trend": 365.48627, "fair_value": 252.037126, "relative_strength": 15.199003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.823757, "energy": 80.093513, "activity_lines": [ 429.179307, 413.633535, 402.000912, 389.709764 ] }, { "date": "2025-10-31", "close": 448.92958, "volume": 7226818, "typical_volume": 5288520.2, "trend": 372.475856, "fair_value": 253.978732, "relative_strength": 16.035219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.320886, "energy": 80.358232, "activity_lines": [ 437.625294, 422.201315, 407.266374, 395.093204 ] }, { "date": "2025-11-07", "close": 444.811419, "volume": 4409979, "typical_volume": 5302245.3, "trend": 378.325792, "fair_value": 255.908609, "relative_strength": 16.460964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.474048, "energy": 73.759098, "activity_lines": [ 441.780772, 428.759442, 411.706245, 399.760014 ] }, { "date": "2025-11-14", "close": 429.108429, "volume": 4666022, "typical_volume": 5142423.5, "trend": 383.730555, "fair_value": 257.711101, "relative_strength": 11.883387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.352172, "energy": 52.159167, "activity_lines": [ 439.113296, 431.2423, 414.248808, 403.036313 ] }, { "date": "2025-11-21", "close": 429.95805, "volume": 6587222, "typical_volume": 5230911.8, "trend": 388.493609, "fair_value": 259.519932, "relative_strength": 14.021679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.521685, "energy": 42.846922, "activity_lines": [ 435.950042, 432.845759, 416.642709, 406.018732 ] }, { "date": "2025-11-28", "close": 464.672552, "volume": 4255622, "typical_volume": 5218431.2, "trend": 393.28822, "fair_value": 261.52227, "relative_strength": 18.428275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.650516, "energy": 47.283511, "activity_lines": [ 444.604844, 439.893862, 422.134599, 410.933503 ] }, { "date": "2025-12-05", "close": 460.434444, "volume": 4080850, "typical_volume": 5211601.9, "trend": 397.783378, "fair_value": 263.528886, "relative_strength": 16.491009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.758624, "energy": 44.720038, "activity_lines": [ 450.25099, 444.783068, 426.836407, 415.265517 ] }, { "date": "2025-12-12", "close": 437.914498, "volume": 4832662, "typical_volume": 5145842.1, "trend": 400.898471, "fair_value": 265.422207, "relative_strength": 11.143749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.30327, "energy": 38.463318, "activity_lines": [ 447.623497, 444.572798, 429.120124, 417.854622 ] }, { "date": "2025-12-19", "close": 426.469607, "volume": 6811327, "typical_volume": 5008235.9, "trend": 403.946102, "fair_value": 267.23623, "relative_strength": 7.874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.021463, "energy": 29.630439, "activity_lines": [ 441.640834, 441.973777, 430.235172, 419.504372 ] }, { "date": "2025-12-26", "close": 432.476925, "volume": 1921165, "typical_volume": 4851579.1, "trend": 406.954205, "fair_value": 269.099095, "relative_strength": 7.575518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.653974, "energy": 21.517738, "activity_lines": [ 437.836532, 440.302523, 431.772012, 421.345071 ] }, { "date": "2026-01-02", "close": 439.593748, "volume": 2376630, "typical_volume": 4676893.5, "trend": 409.573799, "fair_value": 271.029152, "relative_strength": 10.175139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.357336, "energy": 17.451915, "activity_lines": [ 436.23658, 439.946681, 433.764783, 423.450848 ] }, { "date": "2026-01-09", "close": 422.487105, "volume": 5114518, "typical_volume": 4716287.95, "trend": 411.726073, "fair_value": 272.789688, "relative_strength": 4.00871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.592565, "energy": 15.725269, "activity_lines": [ 430.606334, 436.50126, 433.847188, 424.283964 ] }, { "date": "2026-01-16", "close": 466.658438, "volume": 5516426, "typical_volume": 4807717.15, "trend": 415.266805, "fair_value": 274.847797, "relative_strength": 14.89004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.188339, "energy": 27.008009, "activity_lines": [ 442.229687, 441.567761, 437.932067, 427.827988 ] }, { "date": "2026-01-23", "close": 468.668044, "volume": 3884523, "typical_volume": 4826022.7, "trend": 418.192507, "fair_value": 276.894792, "relative_strength": 15.47019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.763115, "energy": 36.3921, "activity_lines": [ 452.606647, 446.602428, 441.784734, 431.273229 ] }, { "date": "2026-01-30", "close": 474.536892, "volume": 5219513, "typical_volume": 4856425.3, "trend": 421.135547, "fair_value": 278.9639, "relative_strength": 15.812694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.556382, "energy": 52.943227, "activity_lines": [ 462.126661, 451.984891, 445.737183, 434.90835 ] }, { "date": "2026-02-06", "close": 508.010324, "volume": 6581298, "typical_volume": 4927930.65, "trend": 425.285305, "fair_value": 281.254537, "relative_strength": 23.381002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.899755, "energy": 73.336662, "activity_lines": [ 480.000487, 462.642909, 452.438203, 440.513175 ] }, { "date": "2026-02-13", "close": 523.977192, "volume": 5330314, "typical_volume": 4937613.8, "trend": 429.316738, "fair_value": 283.624806, "relative_strength": 27.697226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.571845, "energy": 80.324904, "activity_lines": [ 498.635497, 475.416035, 460.089897, 446.880393 ] }, { "date": "2026-02-20", "close": 552.551585, "volume": 5133066, "typical_volume": 4979647.7, "trend": 433.688736, "fair_value": 286.141613, "relative_strength": 31.69727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.694506, "energy": 88.840856, "activity_lines": [ 520.0293, 492.229182, 469.897178, 454.831029 ] }, { "date": "2026-02-27", "close": 562.969541, "volume": 5928660, "typical_volume": 4955640.5, "trend": 439.291061, "fair_value": 288.709374, "relative_strength": 33.256438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.852751, "energy": 92.051725, "activity_lines": [ 539.169544, 508.852192, 480.070125, 463.171726 ] }, { "date": "2026-03-06", "close": 540.084031, "volume": 5148789, "typical_volume": 5007379.35, "trend": 444.430997, "fair_value": 291.167256, "relative_strength": 28.930791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.068277, "energy": 84.183301, "activity_lines": [ 544.394519, 518.832383, 487.370423, 469.674498 ] }, { "date": "2026-03-13", "close": 558.910337, "volume": 6674727, "typical_volume": 5085006.55, "trend": 450.376355, "fair_value": 293.76018, "relative_strength": 33.904883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.815005, "energy": 82.987754, "activity_lines": [ 551.52512, 530.279046, 495.956904, 477.060262 ] }, { "date": "2026-03-20", "close": 555.28105, "volume": 5453732, "typical_volume": 4996352.25, "trend": 456.233048, "fair_value": 296.293589, "relative_strength": 33.942692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.877337, "energy": 64.86991, "activity_lines": [ 554.052624, 538.896446, 503.634991, 483.828307 ] }, { "date": "2026-03-27", "close": 549.872111, "volume": 6117337, "typical_volume": 5081720.15, "trend": 461.972067, "fair_value": 298.754928, "relative_strength": 34.034025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.544037, "energy": 53.556771, "activity_lines": [ 552.690225, 544.115967, 510.291506, 489.869537 ] }, { "date": "2026-04-03", "close": 560.63, "volume": 5056871, "typical_volume": 5101262.6, "trend": 468.251557, "fair_value": 301.332645, "relative_strength": 30.666272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.686701, "energy": 51.07638, "activity_lines": [ 555.09242, 549.778493, 517.472292, 496.234565 ] }, { "date": "2026-04-10", "close": 585.36, "volume": 3701618, "typical_volume": 4956982.4, "trend": 475.021276, "fair_value": 304.024895, "relative_strength": 30.339314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.640528, "energy": 54.678236, "activity_lines": [ 565.893918, 558.265346, 526.382023, 503.789948 ] }, { "date": "2026-04-17", "close": 601.88, "volume": 4707793, "typical_volume": 4979590.95, "trend": 482.140133, "fair_value": 306.824446, "relative_strength": 26.991574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.008107, "energy": 61.173494, "activity_lines": [ 579.183685, 567.74087, 536.125078, 511.974382 ] }, { "date": "2026-04-24", "close": 624.84, "volume": 3831861, "typical_volume": 4967141.5, "trend": 489.462708, "fair_value": 309.746658, "relative_strength": 29.83278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.306586, "energy": 77.905545, "activity_lines": [ 597.262141, 579.684219, 547.401431, 521.180825 ] }, { "date": "2026-05-01", "close": 742.091935, "volume": 7400910, "typical_volume": 5095553.9, "trend": 500.166371, "fair_value": 313.411355, "relative_strength": 50.793616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.992466, "energy": 95.684624, "activity_lines": [ 649.787312, 611.112231, 569.061751, 537.479485 ] }, { "date": "2026-05-08", "close": 744.881491, "volume": 7032899, "typical_volume": 5106632.5, "trend": 511.081632, "fair_value": 317.076182, "relative_strength": 46.123955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.726755, "energy": 96.271567, "activity_lines": [ 690.42768, 639.601248, 589.53928, 553.267557 ] }, { "date": "2026-05-15", "close": 769.867516, "volume": 5743056, "typical_volume": 5297727.05, "trend": 522.288669, "fair_value": 320.914841, "relative_strength": 48.823784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.825793, "energy": 95.727281, "activity_lines": [ 727.11329, 669.325688, 610.880182, 569.96342 ] }, { "date": "2026-05-22", "close": 723.324921, "volume": 6446948, "typical_volume": 5501242.95, "trend": 531.708392, "fair_value": 324.440528, "relative_strength": 37.162621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.381552, "energy": 88.310768, "activity_lines": [ 735.984201, 686.409956, 626.181835, 582.933501 ] }, { "date": "2026-05-29", "close": 711.616784, "volume": 4534145, "typical_volume": 5472224.3, "trend": 540.464632, "fair_value": 327.85234, "relative_strength": 31.742889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.59074, "energy": 81.469409, "activity_lines": [ 732.856071, 698.376117, 639.017326, 594.540494 ] }, { "date": "2026-06-05", "close": 694.999427, "volume": 5266447, "typical_volume": 5459725.35, "trend": 548.804233, "fair_value": 331.140073, "relative_strength": 30.79631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.850264, "energy": 63.549089, "activity_lines": [ 718.403704, 704.478471, 648.893404, 604.510481 ] }, { "date": "2026-06-12", "close": 707.627418, "volume": 5516456, "typical_volume": 5541322.0, "trend": 558.088199, "fair_value": 334.488832, "relative_strength": 31.201464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.211056, "energy": 52.283719, "activity_lines": [ 711.300167, 710.238146, 658.88481, 614.757138 ] }, { "date": "2026-06-19", "close": 702.138292, "volume": 5680262, "typical_volume": 5564359.45, "trend": 567.160874, "fair_value": 337.798191, "relative_strength": 27.881634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.20807, "energy": 41.652737, "activity_lines": [ 704.850527, 712.327117, 667.21554, 624.050692 ] }, { "date": "2026-06-26", "close": 687.760579, "volume": 11725008, "typical_volume": 5821544.95, "trend": 574.597141, "fair_value": 340.952044, "relative_strength": 27.257359, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.00758, "energy": 34.103874, "activity_lines": [ 698.123597, 709.678718, 673.093147, 631.831318 ] }, { "date": "2026-07-03", "close": 668.31, "volume": 4952852, "typical_volume": 5802671.85, "trend": 581.526326, "fair_value": 343.999419, "relative_strength": 20.186116, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.685026, "energy": 27.510309, "activity_lines": [ 687.284097, 701.932384, 676.262366, 637.877309 ] }, { "date": "2026-07-10", "close": 658.56, "volume": 5078339, "typical_volume": 5799935.5, "trend": 588.881176, "fair_value": 346.968133, "relative_strength": 16.088156, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.549359, "energy": 20.43522, "activity_lines": [ 676.081716, 691.622959, 677.815713, 642.847224 ] }, { "date": "2026-07-17", "close": 628.53, "volume": 4870583, "typical_volume": 5747031.65, "trend": 595.616523, "fair_value": 349.710109, "relative_strength": 11.970113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.587525, "energy": 17.693825, "activity_lines": [ 657.29863, 677.372297, 676.004259, 645.405212 ] }, { "date": "2026-07-24", "close": 625.84, "volume": 3813776, "typical_volume": 5680281.0, "trend": 602.061959, "fair_value": 352.441293, "relative_strength": 11.642079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.214618, "energy": 15.528316, "activity_lines": [ 642.892039, 664.748025, 673.624421, 647.355114 ] }, { "date": "2026-07-31", "close": 667.36, "volume": 9424877, "typical_volume": 5817788.5, "trend": 609.654167, "fair_value": 355.439908, "relative_strength": 17.012914, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.706506, "energy": 15.660763, "activity_lines": [ 647.412, 662.291526, 674.790507, 651.567891 ] }, { "date": "2026-08-07", "close": 671.86, "volume": 4870485, "typical_volume": 5788626.15, "trend": 617.966597, "fair_value": 358.468072, "relative_strength": 13.075197, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.540191, "energy": 12.058472, "activity_lines": [ 654.792, 661.670754, 675.868738, 655.581171 ] } ], "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." } } }