{ "ticker": { "uuid": "bfc94609-d6c9-4a8a-883d-2f7fda456102", "symbol": "CESC", "name": "CESC Limited", "exchange": "NSI", "country": "IN", "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": "^NSEI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 92.944, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "up", "architecture_direction": -3.52, "architecture_energy": 34.113, "architecture_maturity": 30.566, "architecture_confidence": 80.783, "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": 42.91, "rotation_up": 16.34, "upward_expansion": 45.72, "deceleration": 66.16, "rotation_down": 43.94, "downward_expansion": 51.05 }, "activity_lines": [ 164.376668, 165.754181, 169.80638, 168.068086 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 163.940002, "trend_reference": 164.355333, "distance_from_trend": -0.002527, "trend_direction": "Weakening", "fair_value": 147.723354, "distance_from_fair_value": 0.109777, "fair_value_direction": "Weakening", "relative_strength": -0.093613, "relative_strength_direction": "Weakening", "price_momentum": 0.065168, "excess_performance": 0.108877, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.002527, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.007464, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.109777, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.215937, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.000936, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.167241, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.065168, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.74806, "read": "Supply-led" } ], "volume": { "latest": 3952153, "relative_activity": 0.399381, "balance": 0.74806, "dry_up": 0.514291, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.039663, "annualized_volatility": 0.229226, "from_high_reference": -0.198337, "from_low_reference": 0.186939 }, "levels": { "trend_reference": 164.355333, "fair_value_reference": 147.723354, "structural_low": 146.839996, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.020027, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.036513, "regime_survival": 0.5, "best_return": 0.179614, "worst_return": -0.224327, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.106479, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.054564, "regime_survival": 0.333333, "best_return": 0.642643, "worst_return": -0.227641, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.023033, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.031024, "regime_survival": 0.2, "best_return": 0.82337, "worst_return": -0.142777, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.108911, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.057807, "regime_survival": 0.333333, "best_return": 1.274769, "worst_return": 0.004769, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": -0.086282, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": -0.057881, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": 0.058728, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-24", "tenure": "Developing", "return": 0.129012, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-11-28", "tenure": "Developing", "return": -0.052678, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2026-01-16", "tenure": "Developing", "return": -0.105, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": 0.070498, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": 0.0175, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": 0.040112, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.031295, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.053006, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": -0.029009, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": -0.058563, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.029366, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 70.275497, "volume": 8590423, "typical_volume": 13409922.3, "trend": 64.88207, "fair_value": 62.294247, "relative_strength": 0.785074, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.023752, "energy": 71.265471, "activity_lines": [ 70.448343, 69.373224, 67.363758, 66.139984 ] }, { "date": "2023-08-25", "close": 73.868874, "volume": 46739981, "typical_volume": 15618018.75, "trend": 65.273541, "fair_value": 62.461669, "relative_strength": 6.220513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.668988, "energy": 79.098332, "activity_lines": [ 71.740139, 70.381354, 68.135283, 66.719778 ] }, { "date": "2023-09-01", "close": 78.644875, "volume": 34306693, "typical_volume": 17146112.6, "trend": 65.819927, "fair_value": 62.667995, "relative_strength": 12.019536, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.591549, "energy": 87.820683, "activity_lines": [ 74.244888, 72.105678, 69.309682, 67.582445 ] }, { "date": "2023-09-08", "close": 84.512535, "volume": 70995766, "typical_volume": 20457270.65, "trend": 66.539052, "fair_value": 62.90345, "relative_strength": 17.875514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.765422, "energy": 96.128381, "activity_lines": [ 78.035366, 74.656188, 70.964064, 68.788419 ] }, { "date": "2023-09-15", "close": 81.965332, "volume": 32595700, "typical_volume": 21463493.9, "trend": 67.073299, "fair_value": 63.098521, "relative_strength": 12.132864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.298132, "energy": 90.313587, "activity_lines": [ 80.121645, 76.397051, 72.267339, 69.783663 ] }, { "date": "2023-09-22", "close": 82.602142, "volume": 19528195, "typical_volume": 21694536.3, "trend": 67.637323, "fair_value": 63.318528, "relative_strength": 15.809566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.117058, "energy": 88.67453, "activity_lines": [ 81.704551, 78.004767, 73.537692, 70.785524 ] }, { "date": "2023-09-29", "close": 81.828873, "volume": 17452470, "typical_volume": 22037223.4, "trend": 68.242283, "fair_value": 63.54035, "relative_strength": 14.757714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.612959, "energy": 79.823331, "activity_lines": [ 82.207925, 79.217995, 74.638446, 71.701108 ] }, { "date": "2023-10-06", "close": 79.918472, "volume": 13629787, "typical_volume": 21523462.2, "trend": 68.756272, "fair_value": 63.754301, "relative_strength": 11.915118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.728486, "energy": 61.677656, "activity_lines": [ 81.543832, 79.835774, 75.471918, 72.45441 ] }, { "date": "2023-10-13", "close": 79.963959, "volume": 9632904, "typical_volume": 21263686.35, "trend": 69.335457, "fair_value": 63.984654, "relative_strength": 11.345008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.925433, "energy": 52.582485, "activity_lines": [ 80.809995, 80.255896, 76.239761, 73.177487 ] }, { "date": "2023-10-20", "close": 80.964645, "volume": 36215842, "typical_volume": 22681170.9, "trend": 70.008646, "fair_value": 64.215506, "relative_strength": 13.733028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.434454, "energy": 45.214898, "activity_lines": [ 80.712958, 80.707445, 77.023632, 73.927757 ] }, { "date": "2023-10-27", "close": 77.234818, "volume": 13345204, "typical_volume": 22799273.25, "trend": 70.562056, "fair_value": 64.435332, "relative_strength": 11.117101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.110992, "energy": 30.938051, "activity_lines": [ 79.439358, 80.303863, 77.368024, 74.393962 ] }, { "date": "2023-11-03", "close": 78.735847, "volume": 7683270, "typical_volume": 22660410.55, "trend": 71.088175, "fair_value": 64.645687, "relative_strength": 11.899152, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.590342, "energy": 26.631995, "activity_lines": [ 79.023922, 80.046662, 77.796457, 74.921303 ] }, { "date": "2023-11-10", "close": 81.010139, "volume": 14694963, "typical_volume": 22759831.95, "trend": 71.718911, "fair_value": 64.880742, "relative_strength": 13.58808, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.715093, "energy": 28.032, "activity_lines": [ 79.572786, 80.114478, 78.378458, 75.56143 ] }, { "date": "2023-11-17", "close": 88.424309, "volume": 68481254, "typical_volume": 25835408.9, "trend": 72.608915, "fair_value": 65.168042, "relative_strength": 21.359256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.231935, "energy": 45.355634, "activity_lines": [ 82.520262, 81.487321, 79.592278, 76.639197 ] }, { "date": "2023-11-24", "close": 89.152084, "volume": 67072223, "typical_volume": 28280531.7, "trend": 73.503468, "fair_value": 65.455265, "relative_strength": 21.301066, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.453256, "energy": 62.347065, "activity_lines": [ 85.146306, 82.921362, 80.766027, 77.706499 ] }, { "date": "2023-12-01", "close": 91.426376, "volume": 39110963, "typical_volume": 29753987.55, "trend": 74.469283, "fair_value": 65.733719, "relative_strength": 20.835145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.96883, "energy": 80.903231, "activity_lines": [ 87.984618, 84.638244, 82.056956, 78.862815 ] }, { "date": "2023-12-08", "close": 109.165817, "volume": 152129444, "typical_volume": 36818063.95, "trend": 75.977894, "fair_value": 66.129042, "relative_strength": 38.265379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.410143, "energy": 96.898448, "activity_lines": [ 95.789973, 89.420037, 84.92884, 81.101301 ] }, { "date": "2023-12-15", "close": 111.576569, "volume": 92291429, "typical_volume": 40047727.0, "trend": 77.522893, "fair_value": 66.54703, "relative_strength": 37.104005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.08976, "energy": 97.345826, "activity_lines": [ 102.370248, 94.143114, 87.835164, 83.39799 ] }, { "date": "2023-12-22", "close": 108.392563, "volume": 49335000, "typical_volume": 40713280.8, "trend": 79.02544, "fair_value": 66.945855, "relative_strength": 32.878104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.700839, "energy": 91.489525, "activity_lines": [ 105.851425, 97.711679, 90.233563, 85.389582 ] }, { "date": "2023-12-29", "close": 120.537262, "volume": 72175495, "typical_volume": 43300350.3, "trend": 80.934325, "fair_value": 67.415073, "relative_strength": 43.771615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.55117, "energy": 96.147446, "activity_lines": [ 112.049619, 102.971487, 93.613805, 88.067764 ] }, { "date": "2024-01-05", "close": 126.086525, "volume": 60225303, "typical_volume": 45882094.3, "trend": 82.975119, "fair_value": 67.918642, "relative_strength": 48.923639, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.563037, "energy": 95.378339, "activity_lines": [ 118.005221, 108.52075, 97.287755, 90.980809 ] }, { "date": "2024-01-12", "close": 127.996925, "volume": 45567523, "typical_volume": 45823471.4, "trend": 85.058367, "fair_value": 68.400916, "relative_strength": 48.217634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.737868, "energy": 89.226796, "activity_lines": [ 122.286947, 113.529146, 100.877882, 93.885441 ] }, { "date": "2024-01-19", "close": 130.680573, "volume": 45059901, "typical_volume": 46361131.8, "trend": 87.234102, "fair_value": 68.892837, "relative_strength": 51.358482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.23537, "energy": 88.783436, "activity_lines": [ 126.207815, 118.129822, 104.465841, 96.82881 ] }, { "date": "2024-01-26", "close": 121.265038, "volume": 24295599, "typical_volume": 44026123.45, "trend": 89.09447, "fair_value": 69.351445, "relative_strength": 40.770023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.871171, "energy": 67.342465, "activity_lines": [ 125.716571, 120.115483, 106.909293, 99.024354 ] }, { "date": "2024-02-02", "close": 129.334915, "volume": 62632888, "typical_volume": 45527982.85, "trend": 91.12983, "fair_value": 69.862567, "relative_strength": 45.01391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.344315, "energy": 67.351799, "activity_lines": [ 127.057121, 122.971291, 109.946293, 101.620512 ] }, { "date": "2024-02-09", "close": 126.376266, "volume": 38230424, "typical_volume": 46463094.3, "trend": 93.054439, "fair_value": 70.348327, "relative_strength": 40.651262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.348985, "energy": 61.08504, "activity_lines": [ 126.824945, 124.558565, 112.475948, 103.894475 ] }, { "date": "2024-02-16", "close": 124.122063, "volume": 29677054, "typical_volume": 47074323.5, "trend": 94.919069, "fair_value": 70.82478, "relative_strength": 35.289863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.367897, "energy": 51.697427, "activity_lines": [ 125.822052, 125.100532, 114.582468, 105.898838 ] }, { "date": "2024-02-23", "close": 121.492165, "volume": 23160670, "typical_volume": 47550867.65, "trend": 96.68239, "fair_value": 71.28735, "relative_strength": 30.368668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.314587, "energy": 43.126684, "activity_lines": [ 124.20085, 124.892404, 116.237126, 107.613231 ] }, { "date": "2024-03-01", "close": 119.003143, "volume": 20764620, "typical_volume": 48107453.45, "trend": 98.259643, "fair_value": 71.720704, "relative_strength": 25.99092, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.050265, "energy": 33.681691, "activity_lines": [ 122.362534, 124.051443, 117.456764, 109.05328 ] }, { "date": "2024-03-08", "close": 117.735153, "volume": 18845737, "typical_volume": 47238948.2, "trend": 99.809792, "fair_value": 72.148645, "relative_strength": 22.935124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.50801, "energy": 26.956535, "activity_lines": [ 120.252348, 122.787018, 118.36974, 110.309764 ] }, { "date": "2024-03-15", "close": 110.315063, "volume": 25647787, "typical_volume": 47854077.35, "trend": 101.144444, "fair_value": 72.538262, "relative_strength": 16.934153, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.068704, "energy": 20.825894, "activity_lines": [ 116.442117, 120.224434, 118.400944, 110.987524 ] }, { "date": "2024-03-22", "close": 112.428383, "volume": 21405086, "typical_volume": 48540168.15, "trend": 102.429761, "fair_value": 72.943619, "relative_strength": 17.982964, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.489203, "energy": 17.918186, "activity_lines": [ 114.407072, 118.332843, 118.475891, 111.71552 ] }, { "date": "2024-03-29", "close": 114.259926, "volume": 22087388, "typical_volume": 48909789.4, "trend": 103.616929, "fair_value": 73.359907, "relative_strength": 17.815315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.828588, "energy": 17.115163, "activity_lines": [ 113.76212, 117.057325, 118.56483, 112.478756 ] }, { "date": "2024-04-05", "close": 127.268555, "volume": 39701788, "typical_volume": 47470816.1, "trend": 105.04213, "fair_value": 73.855016, "relative_strength": 28.954732, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.397352, "energy": 17.599972, "activity_lines": [ 117.935527, 118.445569, 119.734353, 114.004668 ] }, { "date": "2024-04-12", "close": 132.528366, "volume": 35943117, "typical_volume": 45914360.8, "trend": 106.727564, "fair_value": 74.386008, "relative_strength": 32.850074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.147195, "energy": 34.423757, "activity_lines": [ 123.311177, 120.680988, 121.219839, 115.777973 ] }, { "date": "2024-04-19", "close": 132.387482, "volume": 23801340, "typical_volume": 45148879.65, "trend": 108.387076, "fair_value": 74.922988, "relative_strength": 33.505669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.274633, "energy": 55.701753, "activity_lines": [ 127.653652, 122.832729, 122.485353, 117.433452 ] }, { "date": "2024-04-26", "close": 134.782562, "volume": 21674487, "typical_volume": 38626131.8, "trend": 110.152199, "fair_value": 75.469579, "relative_strength": 32.804745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.646703, "energy": 69.634236, "activity_lines": [ 131.322991, 125.310644, 123.783917, 119.136386 ] }, { "date": "2024-05-03", "close": 143.564575, "volume": 56739822, "typical_volume": 36848551.45, "trend": 112.273736, "fair_value": 76.048161, "relative_strength": 39.370552, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.64195, "energy": 79.951487, "activity_lines": [ 136.42939, 129.191461, 125.796879, 121.292024 ] }, { "date": "2024-05-10", "close": 133.091904, "volume": 35263554, "typical_volume": 36144979.15, "trend": 114.044667, "fair_value": 76.549248, "relative_strength": 30.276819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.349675, "energy": 67.65553, "activity_lines": [ 136.091256, 130.76684, 126.66012, 122.635131 ] }, { "date": "2024-05-17", "close": 138.210815, "volume": 21692427, "typical_volume": 33620825.75, "trend": 115.952873, "fair_value": 77.075317, "relative_strength": 31.411616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.955959, "energy": 62.843523, "activity_lines": [ 137.071201, 133.01677, 127.89326, 124.194238 ] }, { "date": "2024-05-24", "close": 136.191437, "volume": 23156510, "typical_volume": 31767386.1, "trend": 117.918093, "fair_value": 77.60011, "relative_strength": 25.428881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.549511, "energy": 45.664922, "activity_lines": [ 136.999191, 134.527257, 128.849919, 125.499951 ] }, { "date": "2024-05-31", "close": 138.116913, "volume": 26750694, "typical_volume": 30826544.65, "trend": 119.897462, "fair_value": 78.120486, "relative_strength": 28.193662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.859904, "energy": 40.056157, "activity_lines": [ 137.315409, 135.91735, 129.941838, 126.803101 ] }, { "date": "2024-06-07", "close": 138.069962, "volume": 36912515, "typical_volume": 30419175.35, "trend": 121.799456, "fair_value": 78.605374, "relative_strength": 22.769548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.29375, "energy": 35.783899, "activity_lines": [ 137.393687, 136.831842, 130.981095, 127.97552 ] }, { "date": "2024-06-14", "close": 140.652878, "volume": 18306000, "typical_volume": 30119695.4, "trend": 123.540409, "fair_value": 79.107862, "relative_strength": 22.900249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.166537, "energy": 37.125418, "activity_lines": [ 138.699244, 137.783046, 132.231156, 129.19187 ] }, { "date": "2024-06-21", "close": 141.620316, "volume": 13975676, "typical_volume": 27686834.8, "trend": 125.28935, "fair_value": 79.612141, "relative_strength": 22.342103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.313619, "energy": 38.008241, "activity_lines": [ 139.823216, 138.666796, 133.481031, 130.358316 ] }, { "date": "2024-06-28", "close": 152.722275, "volume": 92997658, "typical_volume": 30425196.5, "trend": 127.332546, "fair_value": 80.19359, "relative_strength": 27.663047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.93471, "energy": 49.076929, "activity_lines": [ 144.420541, 141.403776, 135.729734, 132.128182 ] }, { "date": "2024-07-05", "close": 157.813004, "volume": 32157879, "typical_volume": 30549237.75, "trend": 128.954119, "fair_value": 80.7906, "relative_strength": 28.750458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.546798, "energy": 72.145228, "activity_lines": [ 149.612719, 144.69662, 138.337811, 134.094663 ] }, { "date": "2024-07-12", "close": 175.564865, "volume": 96564490, "typical_volume": 34219428.75, "trend": 131.087062, "fair_value": 81.478458, "relative_strength": 40.233777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.372187, "energy": 86.162809, "activity_lines": [ 159.409112, 150.79834, 142.476108, 137.101808 ] }, { "date": "2024-07-19", "close": 157.240067, "volume": 25192473, "typical_volume": 34440821.4, "trend": 132.715313, "fair_value": 82.059161, "relative_strength": 24.068853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.991072, "energy": 75.779465, "activity_lines": [ 160.597578, 152.986454, 144.611698, 138.789099 ] }, { "date": "2024-07-26", "close": 156.742264, "volume": 29992799, "typical_volume": 34998174.5, "trend": 133.922146, "fair_value": 82.625996, "relative_strength": 20.893432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.109105, "energy": 65.335567, "activity_lines": [ 160.514298, 154.645001, 146.517796, 140.339224 ] }, { "date": "2024-08-02", "close": 168.661377, "volume": 67594691, "typical_volume": 37095519.7, "trend": 135.341308, "fair_value": 83.304867, "relative_strength": 29.203599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.235975, "energy": 59.215823, "activity_lines": [ 163.395925, 158.133725, 149.373301, 142.580465 ] }, { "date": "2024-08-09", "close": 165.073425, "volume": 31294507, "typical_volume": 37589990.75, "trend": 136.577191, "fair_value": 83.955101, "relative_strength": 26.83694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.461296, "energy": 46.874943, "activity_lines": [ 164.018962, 160.379731, 151.609256, 144.498666 ] }, { "date": "2024-08-16", "close": 158.611374, "volume": 17524612, "typical_volume": 37361851.95, "trend": 137.508218, "fair_value": 84.581427, "relative_strength": 19.791407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.490846, "energy": 40.9134, "activity_lines": [ 162.003953, 160.9607, 152.979087, 145.920226 ] }, { "date": "2024-08-23", "close": 178.645599, "volume": 91807079, "typical_volume": 39967116.5, "trend": 139.420903, "fair_value": 85.330565, "relative_strength": 31.809728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.234406, "energy": 50.714751, "activity_lines": [ 167.797252, 164.810775, 156.045742, 148.574251 ] }, { "date": "2024-08-30", "close": 182.252319, "volume": 110026538, "typical_volume": 43671287.55, "trend": 141.184817, "fair_value": 86.065834, "relative_strength": 30.808488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.205928, "energy": 51.773125, "activity_lines": [ 173.365756, 168.625841, 159.211242, 151.337568 ] }, { "date": "2024-09-06", "close": 176.513504, "volume": 31985404, "typical_volume": 44080490.75, "trend": 142.856058, "fair_value": 86.764654, "relative_strength": 27.386315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.32544, "energy": 54.362707, "activity_lines": [ 175.320651, 170.658723, 161.593407, 153.616838 ] }, { "date": "2024-09-13", "close": 185.530304, "volume": 41815252, "typical_volume": 45087529.0, "trend": 144.902999, "fair_value": 87.472591, "relative_strength": 29.772259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.634062, "energy": 67.868209, "activity_lines": [ 179.757671, 173.898454, 164.624191, 156.370016 ] }, { "date": "2024-09-20", "close": 175.038879, "volume": 16155668, "typical_volume": 43058321.3, "trend": 146.68789, "fair_value": 88.155563, "relative_strength": 19.318085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.045742, "energy": 48.483602, "activity_lines": [ 179.333757, 174.726703, 166.414136, 158.314266 ] }, { "date": "2024-09-27", "close": 187.756332, "volume": 48185315, "typical_volume": 43704409.35, "trend": 148.979663, "fair_value": 88.881946, "relative_strength": 24.821986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.431359, "energy": 48.864838, "activity_lines": [ 182.053828, 177.87678, 169.265389, 160.963843 ] }, { "date": "2024-10-04", "close": 182.496536, "volume": 20155886, "typical_volume": 43627582.3, "trend": 151.138375, "fair_value": 89.588708, "relative_strength": 25.614889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.777991, "energy": 43.735692, "activity_lines": [ 182.41325, 179.515689, 171.355402, 163.126222 ] }, { "date": "2024-10-11", "close": 174.231125, "volume": 18881664, "typical_volume": 43413840.0, "trend": 153.268911, "fair_value": 90.216122, "relative_strength": 19.012701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.167794, "energy": 36.176788, "activity_lines": [ 180.001255, 179.183536, 172.447349, 164.616077 ] }, { "date": "2024-10-18", "close": 185.060684, "volume": 24040770, "typical_volume": 43278343.8, "trend": 155.689987, "fair_value": 90.916871, "relative_strength": 25.610049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.915764, "energy": 39.312646, "activity_lines": [ 181.351271, 180.719126, 174.389541, 166.667159 ] }, { "date": "2024-10-25", "close": 171.507309, "volume": 14149357, "typical_volume": 42140185.9, "trend": 157.598234, "fair_value": 91.561021, "relative_strength": 18.484155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.486075, "energy": 24.792259, "activity_lines": [ 178.214804, 179.427061, 174.817394, 167.687631 ] }, { "date": "2024-11-01", "close": 179.105835, "volume": 14392221, "typical_volume": 41944496.95, "trend": 159.326143, "fair_value": 92.230907, "relative_strength": 21.822842, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.340126, "energy": 21.27338, "activity_lines": [ 177.846617, 179.282075, 175.809691, 169.075218 ] }, { "date": "2024-11-08", "close": 171.648178, "volume": 14767106, "typical_volume": 41984068.45, "trend": 160.630137, "fair_value": 92.858209, "relative_strength": 16.418021, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.251486, "energy": 17.429451, "activity_lines": [ 175.569243, 177.772783, 175.908625, 169.870188 ] }, { "date": "2024-11-15", "close": 164.331421, "volume": 13568803, "typical_volume": 38012625.7, "trend": 161.694935, "fair_value": 93.451921, "relative_strength": 13.47649, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.325587, "energy": 10.473818, "activity_lines": [ 171.576175, 175.125974, 175.167735, 170.108981 ] }, { "date": "2024-11-22", "close": 162.471695, "volume": 9448494, "typical_volume": 36877156.45, "trend": 162.617906, "fair_value": 94.030319, "relative_strength": 9.649191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.811026, "energy": 12.105078, "activity_lines": [ 167.623178, 172.362526, 174.194447, 170.159094 ] }, { "date": "2024-11-29", "close": 163.41095, "volume": 17952326, "typical_volume": 32946548.25, "trend": 163.279452, "fair_value": 94.612389, "relative_strength": 8.498913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.821044, "energy": 15.780718, "activity_lines": [ 165.489199, 170.189099, 173.288427, 170.210259 ] }, { "date": "2024-12-06", "close": 185.85907, "volume": 60123035, "typical_volume": 34693076.35, "trend": 165.038357, "fair_value": 95.345665, "relative_strength": 19.811343, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.316061, "energy": 15.656445, "activity_lines": [ 171.377684, 172.308565, 174.5782, 171.667008 ] }, { "date": "2024-12-13", "close": 176.109634, "volume": 18740529, "typical_volume": 34130462.85, "trend": 166.301651, "fair_value": 96.033674, "relative_strength": 12.454541, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.480911, "energy": 11.679258, "activity_lines": [ 173.566141, 172.689902, 174.803174, 172.381284 ] }, { "date": "2024-12-20", "close": 171.638794, "volume": 20647065, "typical_volume": 31783081.55, "trend": 167.48323, "fair_value": 96.688847, "relative_strength": 14.321482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.809006, "energy": 14.413463, "activity_lines": [ 173.966887, 172.374485, 174.510128, 172.725616 ] }, { "date": "2024-12-27", "close": 173.376404, "volume": 17043734, "typical_volume": 31070542.9, "trend": 168.658546, "fair_value": 97.343412, "relative_strength": 13.78727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.083721, "energy": 19.374409, "activity_lines": [ 174.459679, 172.422129, 174.36839, 173.105821 ] }, { "date": "2025-01-03", "close": 174.606812, "volume": 22401984, "typical_volume": 31314411.5, "trend": 169.876441, "fair_value": 97.98994, "relative_strength": 13.182521, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.294649, "energy": 14.100098, "activity_lines": [ 174.635626, 172.905926, 174.304296, 173.48958 ] }, { "date": "2025-01-10", "close": 152.553192, "volume": 29842726, "typical_volume": 28216193.85, "trend": 170.273118, "fair_value": 98.484658, "relative_strength": 1.105277, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.643149, "energy": 33.399906, "activity_lines": [ 166.713976, 169.32362, 172.063689, 172.371951 ] }, { "date": "2025-01-17", "close": 147.689804, "volume": 52937153, "typical_volume": 25361724.6, "trend": 170.475434, "fair_value": 98.957075, "relative_strength": -1.249629, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.189542, "energy": 55.404762, "activity_lines": [ 159.391588, 165.339836, 169.484151, 170.914963 ] }, { "date": "2025-01-24", "close": 134.483353, "volume": 30114274, "typical_volume": 25268168.1, "trend": 169.86747, "fair_value": 99.354448, "relative_strength": -9.686636, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -84.477401, "energy": 82.29988, "activity_lines": [ 149.561706, 159.390486, 165.81144, 168.592893 ] }, { "date": "2025-01-31", "close": 138.334015, "volume": 28356746, "typical_volume": 24595242.8, "trend": 169.218171, "fair_value": 99.785294, "relative_strength": -8.736234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.169539, "energy": 84.141811, "activity_lines": [ 143.492406, 154.683948, 162.705602, 166.558477 ] }, { "date": "2025-02-07", "close": 130.806824, "volume": 30587570, "typical_volume": 25316837.9, "trend": 167.726236, "fair_value": 100.164318, "relative_strength": -13.826838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.180607, "energy": 88.212357, "activity_lines": [ 137.250203, 149.047698, 159.107633, 164.080325 ] }, { "date": "2025-02-14", "close": 118.2099, "volume": 31062804, "typical_volume": 24460712.35, "trend": 166.42523, "fair_value": 100.483465, "relative_strength": -19.869558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.976409, "energy": 93.971839, "activity_lines": [ 129.729023, 141.7139, 154.520585, 160.885723 ] }, { "date": "2025-02-21", "close": 132.122635, "volume": 30661083, "typical_volume": 24985972.2, "trend": 165.604576, "fair_value": 100.901135, "relative_strength": -10.002486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.718403, "energy": 81.417093, "activity_lines": [ 129.134975, 138.139674, 151.589733, 158.672652 ] }, { "date": "2025-02-28", "close": 126.540115, "volume": 18583531, "typical_volume": 24971065.55, "trend": 164.200534, "fair_value": 101.282469, "relative_strength": -11.294089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.46383, "energy": 73.620594, "activity_lines": [ 127.717899, 134.350209, 148.367089, 156.152364 ] }, { "date": "2025-03-07", "close": 136.360321, "volume": 24386117, "typical_volume": 24988332.9, "trend": 163.243431, "fair_value": 101.730874, "relative_strength": -6.449899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.976712, "energy": 58.029019, "activity_lines": [ 130.103773, 133.166212, 146.306802, 154.356222 ] }, { "date": "2025-03-14", "close": 134.164078, "volume": 10633013, "typical_volume": 24812515.7, "trend": 162.428521, "fair_value": 102.186622, "relative_strength": -7.588207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.771524, "energy": 49.410559, "activity_lines": [ 131.889146, 132.255918, 144.269256, 152.480134 ] }, { "date": "2025-03-21", "close": 145.919281, "volume": 19595719, "typical_volume": 25072690.6, "trend": 161.337643, "fair_value": 102.696577, "relative_strength": -3.925141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.349349, "energy": 33.829503, "activity_lines": [ 137.369103, 134.218255, 143.529078, 151.415022 ] }, { "date": "2025-03-28", "close": 148.860489, "volume": 19131957, "typical_volume": 25290933.15, "trend": 160.224582, "fair_value": 103.218245, "relative_strength": -3.040027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.548597, "energy": 25.394108, "activity_lines": [ 141.982171, 136.835975, 143.227046, 150.610044 ] }, { "date": "2025-04-04", "close": 146.896454, "volume": 11244105, "typical_volume": 25174698.25, "trend": 159.237347, "fair_value": 103.688048, "relative_strength": -1.970254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.638494, "energy": 25.227562, "activity_lines": [ 144.824703, 139.075312, 142.846476, 149.750165 ] }, { "date": "2025-04-11", "close": 148.705688, "volume": 11314139, "typical_volume": 25267980.5, "trend": 158.00986, "fair_value": 104.178787, "relative_strength": -0.61668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.194404, "energy": 25.196375, "activity_lines": [ 146.913224, 141.417907, 142.721238, 149.070703 ] }, { "date": "2025-04-18", "close": 153.020767, "volume": 8701800, "typical_volume": 24805454.2, "trend": 157.275923, "fair_value": 104.697187, "relative_strength": -2.245077, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.73466, "energy": 17.209699, "activity_lines": [ 149.617081, 144.356487, 143.072512, 148.748826 ] }, { "date": "2025-04-25", "close": 148.957245, "volume": 15710950, "typical_volume": 22584849.95, "trend": 155.98262, "fair_value": 105.181574, "relative_strength": -5.635058, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.791356, "energy": 17.242745, "activity_lines": [ 149.709317, 146.152355, 143.086261, 148.212137 ] }, { "date": "2025-05-02", "close": 153.533554, "volume": 15304598, "typical_volume": 22413053.4, "trend": 155.017188, "fair_value": 105.707106, "relative_strength": -3.940908, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.126943, "energy": 15.303014, "activity_lines": [ 151.124459, 148.221236, 143.711571, 148.054133 ] }, { "date": "2025-05-09", "close": 152.585388, "volume": 26069429, "typical_volume": 22684171.6, "trend": 154.295663, "fair_value": 106.25375, "relative_strength": -3.278305, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.117739, "energy": 18.01371, "activity_lines": [ 151.912008, 149.728434, 144.354086, 147.897243 ] }, { "date": "2025-05-16", "close": 159.822342, "volume": 37012474, "typical_volume": 23682608.6, "trend": 153.454385, "fair_value": 106.844038, "relative_strength": -2.854901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.261727, "energy": 39.049411, "activity_lines": [ 154.732612, 152.077891, 145.776565, 148.253803 ] }, { "date": "2025-05-23", "close": 164.766296, "volume": 40231531, "typical_volume": 24574085.95, "trend": 153.229684, "fair_value": 107.466842, "relative_strength": 0.616591, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.921284, "energy": 53.696527, "activity_lines": [ 158.460091, 154.899667, 147.734439, 148.983603 ] }, { "date": "2025-05-30", "close": 157.122986, "volume": 15630527, "typical_volume": 23863476.0, "trend": 152.496923, "fair_value": 108.038728, "relative_strength": -3.715006, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.147584, "energy": 42.724243, "activity_lines": [ 158.856765, 155.775346, 149.011239, 149.234784 ] }, { "date": "2025-06-06", "close": 162.618423, "volume": 17829238, "typical_volume": 22108080.25, "trend": 152.195931, "fair_value": 108.652433, "relative_strength": -1.518543, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.218496, "energy": 54.575999, "activity_lines": [ 160.540868, 157.446492, 150.789653, 149.887784 ] }, { "date": "2025-06-13", "close": 159.135406, "volume": 13828679, "typical_volume": 21293800.5, "trend": 152.02273, "fair_value": 109.280888, "relative_strength": -2.644677, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.921617, "energy": 41.374394, "activity_lines": [ 160.458308, 158.234218, 152.165262, 150.335492 ] }, { "date": "2025-06-20", "close": 158.080826, "volume": 10502285, "typical_volume": 20401077.45, "trend": 151.876368, "fair_value": 109.908075, "relative_strength": -4.880767, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.81414, "energy": 27.103593, "activity_lines": [ 159.587553, 158.607676, 153.323045, 150.726337 ] }, { "date": "2025-06-27", "close": 166.701309, "volume": 19999988, "typical_volume": 19871698.35, "trend": 151.986047, "fair_value": 110.586677, "relative_strength": -1.789705, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.755353, "energy": 36.454125, "activity_lines": [ 161.706393, 160.378037, 155.207793, 151.682785 ] }, { "date": "2025-07-04", "close": 172.7966, "volume": 24655232, "typical_volume": 19551319.75, "trend": 151.550631, "fair_value": 111.295014, "relative_strength": 2.419309, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.90138, "energy": 58.188042, "activity_lines": [ 165.727997, 163.007895, 157.502119, 153.025401 ] }, { "date": "2025-07-11", "close": 169.129745, "volume": 18046579, "typical_volume": 18920594.55, "trend": 151.317968, "fair_value": 111.97188, "relative_strength": 1.61601, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.20118, "energy": 64.797317, "activity_lines": [ 167.482407, 164.53761, 159.187285, 154.159538 ] }, { "date": "2025-07-18", "close": 172.932053, "volume": 14595969, "typical_volume": 18721216.45, "trend": 151.361077, "fair_value": 112.668176, "relative_strength": 4.498826, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.677084, "energy": 73.589879, "activity_lines": [ 170.070166, 166.475087, 161.05835, 155.553995 ] }, { "date": "2025-07-25", "close": 167.484985, "volume": 10115270, "typical_volume": 18007674.1, "trend": 151.164696, "fair_value": 113.320767, "relative_strength": 1.615363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.772202, "energy": 66.532754, "activity_lines": [ 169.922459, 167.052248, 162.189733, 156.594247 ] }, { "date": "2025-08-01", "close": 160.151291, "volume": 19881626, "typical_volume": 18470104.75, "trend": 150.682846, "fair_value": 113.909868, "relative_strength": -1.672947, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.857371, "energy": 37.88601, "activity_lines": [ 166.703243, 166.156689, 162.474456, 157.174027 ] }, { "date": "2025-08-08", "close": 157.887329, "volume": 28316976, "typical_volume": 18906167.6, "trend": 150.86065, "fair_value": 114.485555, "relative_strength": -2.175665, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.858887, "energy": 22.348428, "activity_lines": [ 163.166041, 164.933411, 162.419816, 157.638832 ] }, { "date": "2025-08-15", "close": 157.626099, "volume": 6039230, "typical_volume": 18251531.25, "trend": 151.19186, "fair_value": 115.059842, "relative_strength": -3.382278, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.525935, "energy": 21.644023, "activity_lines": [ 160.535714, 163.648738, 162.283305, 158.075313 ] }, { "date": "2025-08-22", "close": 161.389694, "volume": 9237726, "typical_volume": 18151212.3, "trend": 152.088738, "fair_value": 115.655234, "relative_strength": -1.823571, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.407545, "energy": 22.28406, "activity_lines": [ 159.926828, 163.139125, 162.463491, 158.733238 ] }, { "date": "2025-08-29", "close": 147.244751, "volume": 25763255, "typical_volume": 18873668.1, "trend": 152.385762, "fair_value": 116.159678, "relative_strength": -8.484941, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.54081, "energy": 22.392236, "activity_lines": [ 155.372452, 160.016718, 161.227525, 158.420723 ] }, { "date": "2025-09-05", "close": 148.502518, "volume": 5984773, "typical_volume": 18737816.75, "trend": 152.975619, "fair_value": 116.654333, "relative_strength": -8.581501, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.508036, "energy": 34.301274, "activity_lines": [ 152.58668, 157.320015, 160.118302, 158.170191 ] }, { "date": "2025-09-12", "close": 154.859024, "volume": 8120151, "typical_volume": 18358276.8, "trend": 154.197256, "fair_value": 117.206213, "relative_strength": -5.76673, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.319149, "energy": 33.206951, "activity_lines": [ 152.696329, 156.109927, 159.635977, 158.291701 ] }, { "date": "2025-09-19", "close": 163.953598, "volume": 12190030, "typical_volume": 18202548.4, "trend": 155.258289, "fair_value": 117.821611, "relative_strength": -0.980639, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 15.141594, "energy": 18.532021, "activity_lines": [ 156.039389, 156.879536, 159.991697, 158.921142 ] }, { "date": "2025-09-26", "close": 158.235626, "volume": 13972585, "typical_volume": 17597706.2, "trend": 156.314806, "fair_value": 118.41134, "relative_strength": -1.609625, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.890015, "energy": 11.870815, "activity_lines": [ 157.054625, 156.703625, 159.75323, 159.113228 ] }, { "date": "2025-10-03", "close": 160.925293, "volume": 9146018, "typical_volume": 16204383.4, "trend": 157.133638, "fair_value": 119.005952, "relative_strength": -0.656625, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.415237, "energy": 19.134312, "activity_lines": [ 159.176689, 157.283953, 159.744016, 159.410679 ] }, { "date": "2025-10-10", "close": 165.598343, "volume": 14628827, "typical_volume": 14924248.2, "trend": 158.181447, "fair_value": 119.636562, "relative_strength": 0.77504, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.861697, "energy": 29.593545, "activity_lines": [ 161.944399, 158.833193, 160.174601, 159.956789 ] }, { "date": "2025-10-17", "close": 164.872726, "volume": 18512320, "typical_volume": 15068337.85, "trend": 158.813228, "fair_value": 120.265541, "relative_strength": -1.02058, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.422494, "energy": 27.879887, "activity_lines": [ 163.330515, 160.151465, 160.532119, 160.388485 ] }, { "date": "2025-10-24", "close": 178.649994, "volume": 22295087, "typical_volume": 15291630.3, "trend": 159.806212, "fair_value": 120.986956, "relative_strength": 6.94879, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 77.507603, "energy": 62.197306, "activity_lines": [ 168.641474, 163.847688, 162.164853, 161.668276 ] }, { "date": "2025-10-31", "close": 179.960007, "volume": 15775785, "typical_volume": 15388985.6, "trend": 160.90833, "fair_value": 121.723634, "relative_strength": 8.158788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.98399, "energy": 75.698294, "activity_lines": [ 173.409345, 167.399843, 163.84601, 162.968521 ] }, { "date": "2025-11-07", "close": 174.75, "volume": 8256182, "typical_volume": 15276680.45, "trend": 161.776474, "fair_value": 122.429936, "relative_strength": 6.054058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.38835, "energy": 71.588988, "activity_lines": [ 174.992254, 169.667082, 164.931811, 163.861532 ] }, { "date": "2025-11-14", "close": 174.410004, "volume": 5911519, "typical_volume": 14572257.0, "trend": 162.489449, "fair_value": 123.151087, "relative_strength": 4.219185, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.252012, "energy": 70.872968, "activity_lines": [ 175.540184, 171.372407, 165.905854, 164.676598 ] }, { "date": "2025-11-21", "close": 172.009995, "volume": 7200895, "typical_volume": 13699540.15, "trend": 163.257874, "fair_value": 123.844768, "relative_strength": 2.22177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.97491, "energy": 54.581735, "activity_lines": [ 174.700667, 172.170322, 166.614617, 165.290827 ] }, { "date": "2025-11-28", "close": 170.479996, "volume": 6068715, "typical_volume": 13100646.95, "trend": 163.822755, "fair_value": 124.5226, "relative_strength": 0.871166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.804014, "energy": 34.167525, "activity_lines": [ 172.875332, 172.37822, 167.181411, 165.75677 ] }, { "date": "2025-12-05", "close": 174.0, "volume": 7437876, "typical_volume": 12742742.3, "trend": 164.536575, "fair_value": 125.218601, "relative_strength": 3.291883, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.1809, "energy": 27.66949, "activity_lines": [ 172.767998, 173.107457, 168.077015, 166.413367 ] }, { "date": "2025-12-12", "close": 170.070007, "volume": 4395297, "typical_volume": 12456743.65, "trend": 164.878164, "fair_value": 125.867988, "relative_strength": 1.676196, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.399488, "energy": 21.04475, "activity_lines": [ 171.748001, 172.835524, 168.593247, 166.770362 ] }, { "date": "2025-12-19", "close": 169.039993, "volume": 6697824, "typical_volume": 11797553.55, "trend": 165.020621, "fair_value": 126.538511, "relative_strength": 1.607196, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.878212, "energy": 17.489988, "activity_lines": [ 170.696665, 172.210049, 168.999074, 167.038868 ] }, { "date": "2025-12-26", "close": 166.589996, "volume": 3128080, "typical_volume": 10538108.75, "trend": 165.336188, "fair_value": 127.186738, "relative_strength": 0.10824, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.876083, "energy": 15.756922, "activity_lines": [ 169.186665, 171.076544, 169.12924, 167.140118 ] }, { "date": "2026-01-02", "close": 175.369995, "volume": 6671218, "typical_volume": 10569708.15, "trend": 165.76124, "fair_value": 127.894268, "relative_strength": 4.431268, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.139631, "energy": 18.877567, "activity_lines": [ 170.964663, 171.50818, 170.054156, 167.78746 ] }, { "date": "2026-01-09", "close": 165.470001, "volume": 4551809, "typical_volume": 10335412.3, "trend": 165.972393, "fair_value": 128.548773, "relative_strength": 1.032142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.292802, "energy": 12.299481, "activity_lines": [ 169.116664, 170.199453, 169.95172, 167.76867 ] }, { "date": "2026-01-16", "close": 155.729996, "volume": 9048256, "typical_volume": 9499662.35, "trend": 165.894032, "fair_value": 129.141666, "relative_strength": -4.868496, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.764001, "energy": 23.856933, "activity_lines": [ 164.590664, 167.38327, 168.902234, 167.107871 ] }, { "date": "2026-01-23", "close": 140.429993, "volume": 13791067, "typical_volume": 9889977.05, "trend": 165.018322, "fair_value": 129.643623, "relative_strength": -11.945727, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -49.48527, "energy": 63.172833, "activity_lines": [ 155.920663, 162.131088, 166.3552, 165.465029 ] }, { "date": "2026-01-30", "close": 150.160004, "volume": 10564187, "typical_volume": 10012178.85, "trend": 164.263769, "fair_value": 130.207127, "relative_strength": -6.869032, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.950632, "energy": 63.547, "activity_lines": [ 152.401332, 159.265816, 164.773273, 164.506428 ] }, { "date": "2026-02-06", "close": 153.910004, "volume": 11917729, "typical_volume": 9998563.8, "trend": 163.756444, "fair_value": 130.790276, "relative_strength": -6.053481, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.064422, "energy": 64.490339, "activity_lines": [ 151.227334, 157.479635, 163.570866, 163.838443 ] }, { "date": "2026-02-13", "close": 150.330002, "volume": 6936458, "typical_volume": 9646757.45, "trend": 163.003042, "fair_value": 131.331251, "relative_strength": -7.644735, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.100531, "energy": 72.646238, "activity_lines": [ 150.290668, 155.343818, 162.075333, 162.972221 ] }, { "date": "2026-02-20", "close": 155.429993, "volume": 6090511, "typical_volume": 9493982.1, "trend": 162.601209, "fair_value": 131.906562, "relative_strength": -4.966303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.937636, "energy": 43.458698, "activity_lines": [ 152.063332, 154.565635, 161.10316, 162.483637 ] }, { "date": "2026-02-27", "close": 158.149994, "volume": 7779655, "typical_volume": 9151523.5, "trend": 162.534499, "fair_value": 132.512139, "relative_strength": -1.961055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.929379, "energy": 28.888239, "activity_lines": [ 154.762664, 154.54818, 160.416202, 162.196462 ] }, { "date": "2026-03-06", "close": 153.570007, "volume": 8321950, "typical_volume": 8642005.0, "trend": 162.390588, "fair_value": 133.083108, "relative_strength": -2.033893, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.048513, "energy": 26.393523, "activity_lines": [ 154.754, 153.896, 159.328523, 161.618108 ] }, { "date": "2026-03-13", "close": 159.729996, "volume": 28734037, "typical_volume": 8963952.5, "trend": 162.460718, "fair_value": 133.70581, "relative_strength": 7.32189, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.127941, "energy": 18.549774, "activity_lines": [ 156.571332, 154.600544, 158.881332, 161.446457 ] }, { "date": "2026-03-20", "close": 152.740005, "volume": 8521261, "typical_volume": 8601226.3, "trend": 162.172395, "fair_value": 134.295368, "relative_strength": 2.67762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.493096, "energy": 20.624052, "activity_lines": [ 155.670667, 154.318546, 157.858523, 160.819314 ] }, { "date": "2026-03-27", "close": 151.190002, "volume": 5240839, "typical_volume": 8450459.15, "trend": 162.303904, "fair_value": 134.875865, "relative_strength": 2.85807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.97843, "energy": 25.674911, "activity_lines": [ 154.092668, 153.986182, 156.817714, 160.110773 ] }, { "date": "2026-04-03", "close": 153.25, "volume": 5318551, "typical_volume": 8420810.75, "trend": 162.462153, "fair_value": 135.454696, "relative_strength": 4.644126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.343705, "energy": 27.115706, "activity_lines": [ 153.484001, 154.11091, 156.085285, 159.52665 ] }, { "date": "2026-04-10", "close": 157.520004, "volume": 6976437, "typical_volume": 8409587.85, "trend": 162.550852, "fair_value": 136.06644, "relative_strength": 1.567462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.603871, "energy": 26.091367, "activity_lines": [ 154.625335, 154.77891, 155.860286, 159.207801 ] }, { "date": "2026-04-17", "close": 171.490005, "volume": 15568016, "typical_volume": 8884552.9, "trend": 162.802066, "fair_value": 136.770067, "relative_strength": 8.996132, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.835221, "energy": 7.723324, "activity_lines": [ 160.160003, 157.853093, 157.034763, 159.784521 ] }, { "date": "2026-04-24", "close": 180.580002, "volume": 17916794, "typical_volume": 9408498.8, "trend": 163.546879, "fair_value": 137.528173, "relative_strength": 16.490126, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.887186, "energy": 45.675326, "activity_lines": [ 167.94067, 162.260366, 159.070144, 160.931484 ] }, { "date": "2026-05-01", "close": 187.529999, "volume": 19304508, "typical_volume": 10153959.35, "trend": 164.433702, "fair_value": 138.329955, "relative_strength": 19.935048, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.590643, "energy": 66.704701, "activity_lines": [ 176.182002, 167.381275, 161.736096, 162.478783 ] }, { "date": "2026-05-08", "close": 184.410004, "volume": 50754829, "typical_volume": 12356809.6, "trend": 165.060757, "fair_value": 139.102407, "relative_strength": 16.630462, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.188855, "energy": 70.240528, "activity_lines": [ 180.960669, 171.351275, 164.021763, 163.767576 ] }, { "date": "2026-05-15", "close": 180.089996, "volume": 13027657, "typical_volume": 12851788.45, "trend": 165.568, "fair_value": 139.838711, "relative_strength": 16.04483, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.360619, "energy": 68.121713, "activity_lines": [ 182.222, 174.058365, 165.82281, 164.737205 ] }, { "date": "2026-05-22", "close": 177.220001, "volume": 14547441, "typical_volume": 13245599.6, "trend": 165.520333, "fair_value": 140.568864, "relative_strength": 13.550441, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.776775, "energy": 59.554465, "activity_lines": [ 181.022, 175.761456, 167.286239, 165.488947 ] }, { "date": "2026-05-29", "close": 182.089996, "volume": 18722362, "typical_volume": 13954127.25, "trend": 165.591333, "fair_value": 141.330526, "relative_strength": 17.04713, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.554264, "energy": 47.611623, "activity_lines": [ 181.063332, 178.032, 169.204667, 166.557957 ] }, { "date": "2026-06-05", "close": 178.610001, "volume": 1926604, "typical_volume": 13598044.65, "trend": 165.72, "fair_value": 142.059675, "relative_strength": 15.31716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.78663, "energy": 40.293796, "activity_lines": [ 179.843999, 179.136182, 170.712524, 167.397871 ] }, { "date": "2026-06-12", "close": 168.149994, "volume": 1031409, "typical_volume": 12960061.75, "trend": 165.511333, "fair_value": 142.717691, "relative_strength": 7.174868, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.46503, "energy": 26.698702, "activity_lines": [ 175.732664, 177.839999, 171.115238, 167.554645 ] }, { "date": "2026-06-19", "close": 168.899994, "volume": 979601, "typical_volume": 12480832.45, "trend": 165.407666, "fair_value": 143.381098, "relative_strength": 5.677557, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.853459, "energy": 20.633407, "activity_lines": [ 172.955329, 176.40927, 171.45738, 167.773268 ] }, { "date": "2026-06-26", "close": 168.029999, "volume": 0, "typical_volume": 11884946.0, "trend": 165.325999, "fair_value": 144.038637, "relative_strength": 4.799541, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.736606, "energy": 23.957254, "activity_lines": [ 170.633997, 174.613452, 171.627428, 167.942451 ] }, { "date": "2026-07-03", "close": 169.699997, "volume": 690446, "typical_volume": 11572645.4, "trend": 165.182666, "fair_value": 144.688803, "relative_strength": 4.842111, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.61453, "energy": 24.24514, "activity_lines": [ 169.481997, 173.184179, 171.889285, 168.224644 ] }, { "date": "2026-07-10", "close": 163.929993, "volume": 5551449, "typical_volume": 11545692.3, "trend": 164.977999, "fair_value": 145.299649, "relative_strength": 1.5311, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.053322, "energy": 15.255193, "activity_lines": [ 167.232662, 170.903633, 171.509379, 168.143827 ] }, { "date": "2026-07-17", "close": 165.100006, "volume": 7906512, "typical_volume": 11552035.15, "trend": 164.846666, "fair_value": 145.920911, "relative_strength": 1.761882, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.794777, "energy": 16.906086, "activity_lines": [ 166.351999, 169.264907, 171.200428, 168.151698 ] }, { "date": "2026-07-24", "close": 163.179993, "volume": 3917172, "typical_volume": 11331796.25, "trend": 164.732999, "fair_value": 146.52724, "relative_strength": 2.940919, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.122509, "energy": 18.795622, "activity_lines": [ 165.034664, 167.628179, 170.675522, 168.044171 ] }, { "date": "2026-07-31", "close": 165.570007, "volume": 4581227, "typical_volume": 10124155.75, "trend": 164.406333, "fair_value": 147.129064, "relative_strength": 1.729885, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.888342, "energy": 26.971072, "activity_lines": [ 164.895334, 166.733453, 170.332475, 168.098171 ] }, { "date": "2026-08-07", "close": 163.940002, "volume": 3952153, "typical_volume": 9895700.35, "trend": 164.355333, "fair_value": 147.723354, "relative_strength": -0.093613, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.519914, "energy": 34.112896, "activity_lines": [ 164.376668, 165.754181, 169.80638, 168.068086 ] } ], "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." } } }