{ "ticker": { "uuid": "c16766d8-feac-4ac2-adb3-382f429321f8", "symbol": "CC1U", "name": "Amundi MSCI China Tech UCITS ETF USD", "exchange": "PAR", "country": "FR", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FCHI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 86.909, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.149, "architecture_energy": 53.92, "architecture_maturity": 31.534, "architecture_confidence": 85.656, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 14.28, "rotation_up": 17.01, "upward_expansion": 7.8, "deceleration": 59.14, "rotation_down": 63.87, "downward_expansion": 81.13 }, "activity_lines": [ 316.013328, 317.216361, 325.65357, 329.590752 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 326.0, "trend_reference": 335.948334, "distance_from_trend": -0.029613, "trend_direction": "Weakening", "fair_value": 274.320201, "distance_from_fair_value": 0.188392, "fair_value_direction": "Weakening", "relative_strength": -10.576095, "relative_strength_direction": "Weakening", "price_momentum": -0.06416, "excess_performance": -0.117471, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.029613, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.023591, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.188392, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.089718, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.105761, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.152147, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.06416, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.368162, "read": "Supply-led" } ], "volume": { "latest": 865, "relative_activity": 1.143046, "balance": 0.368162, "dry_up": 1.487942, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.029129, "annualized_volatility": 0.198671, "from_high_reference": -0.144694, "from_low_reference": 0.106397 }, "levels": { "trend_reference": 335.948334, "fair_value_reference": 274.320201, "structural_low": 301.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": -0.011542, "positive_rate": 0.413793, "directional_follow_through": 0.586207, "median_excess_return": -0.011019, "regime_survival": 0.793103, "best_return": 0.305184, "worst_return": -0.098062, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.014673, "positive_rate": 0.636364, "directional_follow_through": 0.363636, "median_excess_return": -0.060228, "regime_survival": 0.545455, "best_return": 0.251882, "worst_return": -0.135609, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.022011, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.054627, "regime_survival": 0.5, "best_return": 0.364965, "worst_return": -0.192553, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.014827, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.037855, "regime_survival": 0.25, "best_return": 0.669227, "worst_return": -0.263369, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-18", "tenure": "New", "return": -0.053358, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-11-29", "tenure": "Developing", "return": -0.043685, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-02-07", "tenure": "Developing", "return": 0.072309, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.040659, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.057149, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-07-04", "tenure": "Developing", "return": 0.034985, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-21", "tenure": "Established", "return": 0.222503, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-16", "tenure": "Developing", "return": 0.061504, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-20", "tenure": "Developing", "return": -0.02891, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-02-27", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": 0.036295, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-05-15", "tenure": "Developing", "return": 0.069699, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-19", "tenure": "Developing", "return": -0.027806, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.029365, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 265.899994, "volume": 20, "typical_volume": 122.85, "trend": 289.628332, "fair_value": 292.92596, "relative_strength": -7.099994, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.710595, "energy": 30.00854, "activity_lines": [ 284.393335, 288.515455, 290.354049, 289.914838 ] }, { "date": "2023-08-25", "close": 259.649994, "volume": 0, "typical_volume": 121.75, "trend": 288.016665, "fair_value": 292.797114, "relative_strength": -9.78625, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.483333, "energy": 71.826882, "activity_lines": [ 274.736666, 282.829999, 287.342857, 287.980752 ] }, { "date": "2023-09-01", "close": 273.950012, "volume": 123, "typical_volume": 125.85, "trend": 287.388332, "fair_value": 292.837819, "relative_strength": -5.440355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.68166, "energy": 67.640168, "activity_lines": [ 271.556669, 280.575456, 285.805001, 287.073226 ] }, { "date": "2023-09-08", "close": 256.450012, "volume": 32, "typical_volume": 125.05, "trend": 286.361666, "fair_value": 292.75705, "relative_strength": -10.476746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.706412, "energy": 79.657959, "activity_lines": [ 264.676672, 275.316367, 282.682383, 285.077206 ] }, { "date": "2023-09-15", "close": 254.649994, "volume": 1, "typical_volume": 124.5, "trend": 285.424999, "fair_value": 292.635255, "relative_strength": -12.428057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.529547, "energy": 82.441237, "activity_lines": [ 260.406669, 270.368184, 279.560716, 283.031291 ] }, { "date": "2023-09-22", "close": 253.25, "volume": 0, "typical_volume": 120.1, "trend": 284.506666, "fair_value": 292.620191, "relative_strength": -10.20984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.573631, "energy": 81.731853, "activity_lines": [ 257.450002, 265.770911, 276.507382, 280.955485 ] }, { "date": "2023-09-29", "close": 252.25, "volume": 34, "typical_volume": 117.15, "trend": 283.288333, "fair_value": 292.549037, "relative_strength": -9.657795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.308415, "energy": 81.090643, "activity_lines": [ 255.003335, 261.797274, 273.590716, 278.87441 ] }, { "date": "2023-10-06", "close": 249.649994, "volume": 4, "typical_volume": 110.5, "trend": 282.451666, "fair_value": 292.452563, "relative_strength": -9.38267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.803722, "energy": 79.108179, "activity_lines": [ 252.183331, 257.951818, 270.644048, 276.704194 ] }, { "date": "2023-10-13", "close": 248.649994, "volume": 0, "typical_volume": 100.2, "trend": 281.313333, "fair_value": 292.283332, "relative_strength": -8.849794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.912868, "energy": 72.359066, "activity_lines": [ 250.649996, 254.948181, 267.825952, 274.523441 ] }, { "date": "2023-10-20", "close": 235.399994, "volume": 28, "typical_volume": 100.85, "trend": 279.768333, "fair_value": 291.971794, "relative_strength": -11.127974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.441079, "energy": 80.28008, "activity_lines": [ 245.219995, 250.552725, 263.905714, 271.56129 ] }, { "date": "2023-10-27", "close": 237.850006, "volume": 21, "typical_volume": 101.85, "trend": 278.236667, "fair_value": 291.776602, "relative_strength": -9.911392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.88774, "energy": 86.053651, "activity_lines": [ 241.889998, 247.438181, 260.452143, 268.856882 ] }, { "date": "2023-11-03", "close": 246.25, "volume": 0, "typical_volume": 49.05, "trend": 277.010001, "fair_value": 291.495832, "relative_strength": -10.00851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.512131, "energy": 77.841634, "activity_lines": [ 242.386666, 246.360908, 258.042857, 266.793226 ] }, { "date": "2023-11-10", "close": 245.399994, "volume": 72, "typical_volume": 50.8, "trend": 275.485001, "fair_value": 291.180127, "relative_strength": -10.177938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.139907, "energy": 77.139174, "activity_lines": [ 242.999998, 245.372725, 255.834047, 264.753871 ] }, { "date": "2023-11-17", "close": 251.350006, "volume": 24, "typical_volume": 51.95, "trend": 274.108334, "fair_value": 290.877884, "relative_strength": -10.307864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.498696, "energy": 52.627609, "activity_lines": [ 245.880001, 245.985454, 254.374286, 263.196774 ] }, { "date": "2023-11-24", "close": 248.25, "volume": 46, "typical_volume": 48.45, "trend": 272.483334, "fair_value": 290.488461, "relative_strength": -11.98162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.075936, "energy": 38.798272, "activity_lines": [ 247.546667, 246.127272, 252.810714, 261.528495 ] }, { "date": "2023-12-01", "close": 236.800003, "volume": 7, "typical_volume": 42.4, "trend": 270.311667, "fair_value": 290.043268, "relative_strength": -16.405537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.60744, "energy": 49.373487, "activity_lines": [ 244.540001, 244.303637, 250.345714, 259.226344 ] }, { "date": "2023-12-08", "close": 233.75, "volume": 12, "typical_volume": 36.9, "trend": 268.171667, "fair_value": 289.663461, "relative_strength": -19.083487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.387605, "energy": 61.122178, "activity_lines": [ 240.586668, 242.224546, 247.879524, 256.867527 ] }, { "date": "2023-12-15", "close": 234.550003, "volume": 20, "typical_volume": 28.85, "trend": 266.101667, "fair_value": 289.259294, "relative_strength": -19.130411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.473084, "energy": 75.559416, "activity_lines": [ 237.733335, 240.627274, 245.735, 254.698387 ] }, { "date": "2023-12-22", "close": 229.649994, "volume": 98, "typical_volume": 30.8, "trend": 264.35, "fair_value": 288.838461, "relative_strength": -20.110088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.468142, "energy": 88.765879, "activity_lines": [ 233.969999, 238.413636, 243.463809, 252.346667 ] }, { "date": "2023-12-29", "close": 239.899994, "volume": 5, "typical_volume": 27.35, "trend": 262.866667, "fair_value": 288.401922, "relative_strength": -15.830051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.277699, "energy": 72.501478, "activity_lines": [ 235.069997, 238.40909, 242.525713, 250.769247 ] }, { "date": "2024-01-05", "close": 226.949997, "volume": 0, "typical_volume": 26.35, "trend": 260.793333, "fair_value": 287.804166, "relative_strength": -18.626028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.780451, "energy": 64.970518, "activity_lines": [ 232.409997, 235.96818, 240.551666, 248.452042 ] }, { "date": "2024-01-12", "close": 224.949997, "volume": 0, "typical_volume": 26.35, "trend": 258.113333, "fair_value": 287.132371, "relative_strength": -19.337072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.779372, "energy": 65.636795, "activity_lines": [ 229.739996, 233.361816, 238.572618, 246.139569 ] }, { "date": "2024-01-19", "close": 211.899994, "volume": 0, "typical_volume": 20.2, "trend": 255.719999, "fair_value": 286.38173, "relative_strength": -22.507127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.176051, "energy": 76.335577, "activity_lines": [ 223.306662, 228.769997, 235.51595, 243.158063 ] }, { "date": "2024-01-26", "close": 210.850006, "volume": 144, "typical_volume": 25.8, "trend": 253.03, "fair_value": 285.714743, "relative_strength": -24.928432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.396265, "energy": 90.917425, "activity_lines": [ 218.033332, 224.596362, 232.654761, 240.263225 ] }, { "date": "2024-02-02", "close": 188.460007, "volume": 486, "typical_volume": 50.05, "trend": 249.713666, "fair_value": 284.872179, "relative_strength": -31.973492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.430968, "energy": 97.446971, "activity_lines": [ 206.550002, 217.088182, 227.878333, 236.097419 ] }, { "date": "2024-02-09", "close": 200.899994, "volume": 0, "typical_volume": 50.05, "trend": 246.492, "fair_value": 284.040127, "relative_strength": -27.471289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.568454, "energy": 89.315174, "activity_lines": [ 202.642667, 212.928908, 224.601856, 232.94815 ] }, { "date": "2024-02-16", "close": 210.550003, "volume": 473, "typical_volume": 72.0, "trend": 244.000334, "fair_value": 283.214166, "relative_strength": -24.713348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.828963, "energy": 74.220512, "activity_lines": [ 203.688668, 211.176909, 222.493714, 230.629311 ] }, { "date": "2024-02-23", "close": 212.699997, "volume": 2075, "typical_volume": 175.55, "trend": 240.892, "fair_value": 282.501666, "relative_strength": -25.346288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.576314, "energy": 64.037269, "activity_lines": [ 206.411333, 210.237636, 220.788904, 228.609935 ] }, { "date": "2024-03-01", "close": 221.199997, "volume": 313, "typical_volume": 191.2, "trend": 238.112, "fair_value": 281.849102, "relative_strength": -21.563032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.306474, "energy": 42.672129, "activity_lines": [ 211.913998, 211.24109, 220.069571, 227.339483 ] }, { "date": "2024-03-08", "close": 221.5, "volume": 10, "typical_volume": 190.3, "trend": 236.116999, "fair_value": 281.184358, "relative_strength": -21.932959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.877297, "energy": 27.275341, "activity_lines": [ 216.826665, 212.452727, 219.509523, 226.267741 ] }, { "date": "2024-03-15", "close": 229.399994, "volume": 644, "typical_volume": 221.45, "trend": 234.900333, "fair_value": 280.572819, "relative_strength": -19.943955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.723806, "energy": 25.418185, "activity_lines": [ 222.169997, 215.435271, 219.768046, 225.834386 ] }, { "date": "2024-03-22", "close": 226.25, "volume": 124, "typical_volume": 227.65, "trend": 233.787, "fair_value": 279.986281, "relative_strength": -20.3815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.0976, "energy": 25.331191, "activity_lines": [ 224.563331, 217.800544, 219.766808, 225.2763 ] }, { "date": "2024-03-29", "close": 222.899994, "volume": 0, "typical_volume": 224.05, "trend": 232.085332, "fair_value": 279.32955, "relative_strength": -21.573888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.631106, "energy": 22.298187, "activity_lines": [ 224.79333, 219.533089, 219.54176, 224.573913 ] }, { "date": "2024-04-05", "close": 223.699997, "volume": 255, "typical_volume": 235.6, "trend": 230.993665, "fair_value": 278.694614, "relative_strength": -19.394058, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.546385, "energy": 17.344965, "activity_lines": [ 224.609997, 221.211088, 219.500046, 224.032923 ] }, { "date": "2024-04-12", "close": 216.899994, "volume": 50, "typical_volume": 235.8, "trend": 229.735332, "fair_value": 278.005191, "relative_strength": -20.836953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.432811, "energy": 12.010255, "activity_lines": [ 221.993329, 221.419087, 218.942379, 223.123654 ] }, { "date": "2024-04-19", "close": 212.649994, "volume": 13, "typical_volume": 236.1, "trend": 228.381998, "fair_value": 277.278909, "relative_strength": -21.968529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.896176, "energy": 25.170229, "activity_lines": [ 218.266662, 220.337269, 218.129235, 222.021374 ] }, { "date": "2024-04-26", "close": 223.050003, "volume": 1251, "typical_volume": 298.05, "trend": 227.408665, "fair_value": 276.681473, "relative_strength": -18.259992, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.680557, "energy": 18.272332, "activity_lines": [ 219.123331, 220.932724, 218.421569, 221.677374 ] }, { "date": "2024-05-03", "close": 239.050003, "volume": 15, "typical_volume": 297.8, "trend": 227.055332, "fair_value": 276.151986, "relative_strength": -10.417642, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.73158, "energy": 14.07719, "activity_lines": [ 225.526666, 224.209998, 220.288665, 222.428429 ] }, { "date": "2024-05-10", "close": 237.850006, "volume": 1163, "typical_volume": 351.05, "trend": 226.695332, "fair_value": 275.626665, "relative_strength": -13.14386, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.002662, "energy": 50.06443, "activity_lines": [ 230.453336, 226.79, 222.020047, 223.124859 ] }, { "date": "2024-05-17", "close": 241.75, "volume": 657, "typical_volume": 383.65, "trend": 226.906999, "fair_value": 275.132435, "relative_strength": -10.645956, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.233863, "energy": 66.519559, "activity_lines": [ 235.736669, 229.776364, 224.083809, 224.096128 ] }, { "date": "2024-05-24", "close": 227.5, "volume": 116, "typical_volume": 389.45, "trend": 226.561999, "fair_value": 274.471537, "relative_strength": -14.641581, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.751268, "energy": 60.71019, "activity_lines": [ 234.613335, 229.803637, 224.781618, 224.134386 ] }, { "date": "2024-05-31", "close": 224.949997, "volume": 332, "typical_volume": 406.05, "trend": 225.851999, "fair_value": 273.811922, "relative_strength": -13.968864, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.592958, "energy": 43.625468, "activity_lines": [ 231.65, 229.401818, 225.233951, 224.030386 ] }, { "date": "2024-06-07", "close": 221.399994, "volume": 136, "typical_volume": 412.85, "trend": 225.051999, "fair_value": 273.137883, "relative_strength": -14.799087, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.667569, "energy": 7.847485, "activity_lines": [ 227.376664, 228.378181, 225.348189, 223.74316 ] }, { "date": "2024-06-14", "close": 219.899994, "volume": 488, "typical_volume": 430.05, "trend": 224.003665, "fair_value": 272.497178, "relative_strength": -9.106834, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.237744, "energy": 20.481664, "activity_lines": [ 223.779996, 227.109089, 225.274331, 223.410772 ] }, { "date": "2024-06-21", "close": 215.5, "volume": 1310, "typical_volume": 471.25, "trend": 222.911999, "fair_value": 271.783076, "relative_strength": -11.791198, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.337828, "energy": 30.427333, "activity_lines": [ 219.91333, 225.109089, 224.738332, 222.862149 ] }, { "date": "2024-06-28", "close": 208.100006, "volume": 449, "typical_volume": 493.7, "trend": 221.955332, "fair_value": 271.081153, "relative_strength": -12.513238, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -49.620334, "energy": 49.778487, "activity_lines": [ 215.33, 221.789091, 223.368809, 221.906536 ] }, { "date": "2024-07-05", "close": 206.100006, "volume": 122, "typical_volume": 476.15, "trend": 221.033666, "fair_value": 270.409037, "relative_strength": -14.867038, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.960674, "energy": 68.547897, "activity_lines": [ 211.373336, 218.188182, 221.774523, 220.883612 ] }, { "date": "2024-07-12", "close": 214.899994, "volume": 94, "typical_volume": 377.1, "trend": 220.378665, "fair_value": 269.772499, "relative_strength": -11.112798, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.778241, "energy": 56.310809, "activity_lines": [ 211.606667, 216.495454, 221.039523, 220.487891 ] }, { "date": "2024-07-19", "close": 211.850006, "volume": 450, "typical_volume": 383.95, "trend": 219.785332, "fair_value": 269.149422, "relative_strength": -9.596717, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.586546, "energy": 51.819276, "activity_lines": [ 211.256669, 214.687273, 220.003571, 219.937655 ] }, { "date": "2024-07-26", "close": 205.399994, "volume": 10, "typical_volume": 383.95, "trend": 218.635332, "fair_value": 268.503268, "relative_strength": -11.40786, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.574893, "energy": 55.913318, "activity_lines": [ 209.293333, 212.17909, 218.397857, 219.009569 ] }, { "date": "2024-08-02", "close": 199.839996, "volume": 37, "typical_volume": 353.6, "trend": 217.731666, "fair_value": 267.80705, "relative_strength": -9.854143, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.842897, "energy": 65.431, "activity_lines": [ 206.149998, 209.320908, 216.339285, 217.796967 ] }, { "date": "2024-08-09", "close": 200.899994, "volume": 141, "typical_volume": 354.45, "trend": 216.929999, "fair_value": 267.083332, "relative_strength": -8.986927, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.594025, "energy": 83.791063, "activity_lines": [ 203.910663, 207.158362, 214.522427, 216.711052 ] }, { "date": "2024-08-16", "close": 199.300003, "volume": 336, "typical_volume": 371.25, "trend": 216.509999, "fair_value": 266.416024, "relative_strength": -11.311114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.05593, "energy": 88.003542, "activity_lines": [ 201.484665, 205.142181, 212.673904, 215.573633 ] }, { "date": "2024-08-23", "close": 199.300003, "volume": 0, "typical_volume": 358.5, "trend": 216.124999, "fair_value": 265.711216, "relative_strength": -12.264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.538086, "energy": 88.493502, "activity_lines": [ 200.098666, 203.527818, 210.937761, 214.463311 ] }, { "date": "2024-08-30", "close": 201.800003, "volume": 1117, "typical_volume": 411.85, "trend": 216.569666, "fair_value": 264.977883, "relative_strength": -11.158537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.071, "energy": 84.814144, "activity_lines": [ 200.382668, 202.742546, 209.555905, 213.539118 ] }, { "date": "2024-09-06", "close": 199.119995, "volume": 97, "typical_volume": 416.05, "trend": 216.510332, "fair_value": 264.202691, "relative_strength": -8.523465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.272777, "energy": 84.139261, "activity_lines": [ 200.013333, 201.71909, 207.990714, 212.413333 ] }, { "date": "2024-09-13", "close": 197.520004, "volume": 1267, "typical_volume": 416.85, "trend": 216.075999, "fair_value": 263.499293, "relative_strength": -10.161544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.41333, "energy": 78.115737, "activity_lines": [ 199.158668, 200.568, 206.337571, 211.18815 ] }, { "date": "2024-09-20", "close": 203.199997, "volume": 1322, "typical_volume": 482.2, "trend": 215.759332, "fair_value": 262.905383, "relative_strength": -7.517008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.783237, "energy": 57.172598, "activity_lines": [ 200.422666, 200.605636, 205.346952, 210.35744 ] }, { "date": "2024-09-27", "close": 246.449997, "volume": 96, "typical_volume": 428.85, "trend": 216.600999, "fair_value": 262.562434, "relative_strength": 8.235345, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 21.328926, "energy": 32.358074, "activity_lines": [ 215.843332, 208.719636, 208.646095, 212.337483 ] }, { "date": "2024-10-04", "close": 278.5, "volume": 90, "typical_volume": 400.5, "trend": 218.500999, "fair_value": 262.389357, "relative_strength": 26.242274, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.002071, "energy": 63.570011, "activity_lines": [ 238.803999, 222.031818, 214.956666, 216.330967 ] }, { "date": "2024-10-11", "close": 257.799988, "volume": 795, "typical_volume": 434.45, "trend": 219.447665, "fair_value": 262.064998, "relative_strength": 16.409283, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.713033, "energy": 63.306678, "activity_lines": [ 249.751329, 230.25127, 219.120808, 218.866386 ] }, { "date": "2024-10-18", "close": 233.300003, "volume": 400, "typical_volume": 437.85, "trend": 219.682665, "fair_value": 261.554101, "relative_strength": 5.128959, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.913635, "energy": 66.494525, "activity_lines": [ 248.619997, 232.962362, 220.807332, 219.760085 ] }, { "date": "2024-10-25", "close": 251.800003, "volume": 284, "typical_volume": 445.25, "trend": 220.645999, "fair_value": 261.229421, "relative_strength": 15.321297, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.075285, "energy": 84.619768, "activity_lines": [ 251.269999, 238.447999, 224.215999, 221.832171 ] }, { "date": "2024-11-01", "close": 255.100006, "volume": 374, "typical_volume": 439.55, "trend": 221.692666, "fair_value": 260.957947, "relative_strength": 18.266992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.228342, "energy": 61.853882, "activity_lines": [ 251.780002, 243.579091, 227.79419, 224.05501 ] }, { "date": "2024-11-08", "close": 256.700012, "volume": 979, "typical_volume": 423.0, "trend": 223.019333, "fair_value": 260.657947, "relative_strength": 20.13948, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.811457, "energy": 56.297973, "activity_lines": [ 252.246672, 247.986548, 231.357144, 226.313549 ] }, { "date": "2024-11-15", "close": 249.5, "volume": 254, "typical_volume": 413.25, "trend": 224.247667, "fair_value": 260.321409, "relative_strength": 17.911849, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.038976, "energy": 50.934356, "activity_lines": [ 251.766672, 250.08673, 234.038191, 228.021979 ] }, { "date": "2024-11-22", "close": 243.550003, "volume": 1, "typical_volume": 407.2, "trend": 224.931, "fair_value": 260.011473, "relative_strength": 15.367735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.132186, "energy": 40.541517, "activity_lines": [ 249.856671, 250.189094, 235.95543, 229.267291 ] }, { "date": "2024-11-29", "close": 240.800003, "volume": 342, "typical_volume": 419.6, "trend": 224.989334, "fair_value": 259.623973, "relative_strength": 14.29968, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.407083, "energy": 32.756905, "activity_lines": [ 246.34667, 248.954548, 237.43243, 230.291098 ] }, { "date": "2024-12-06", "close": 247.550003, "volume": 53, "typical_volume": 399.75, "trend": 225.312667, "fair_value": 259.261793, "relative_strength": 14.297883, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.912692, "energy": 25.923557, "activity_lines": [ 245.820003, 248.26364, 239.428954, 231.746625 ] }, { "date": "2024-12-13", "close": 250.100006, "volume": 1023, "typical_volume": 450.4, "trend": 225.591, "fair_value": 258.962435, "relative_strength": 15.525682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.476885, "energy": 23.42193, "activity_lines": [ 246.64667, 248.016368, 241.498336, 233.345808 ] }, { "date": "2024-12-20", "close": 247.5, "volume": 20, "typical_volume": 449.55, "trend": 226.257667, "fair_value": 258.654742, "relative_strength": 16.16626, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.068943, "energy": 22.010168, "activity_lines": [ 247.046669, 247.812731, 243.10724, 234.759292 ] }, { "date": "2024-12-27", "close": 247.5, "volume": 0, "typical_volume": 442.5, "trend": 227.009334, "fair_value": 258.328781, "relative_strength": 14.749695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.956589, "energy": 26.437611, "activity_lines": [ 247.580002, 247.796366, 244.489192, 236.129765 ] }, { "date": "2025-01-03", "close": 237.600006, "volume": 145, "typical_volume": 432.95, "trend": 227.549334, "fair_value": 257.910511, "relative_strength": 11.117314, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.54797, "energy": 21.787471, "activity_lines": [ 244.550003, 245.721821, 244.706383, 236.813034 ] }, { "date": "2025-01-10", "close": 228.850006, "volume": 573, "typical_volume": 461.6, "trend": 227.847668, "fair_value": 257.389678, "relative_strength": 4.836341, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.239484, "energy": 10.587194, "activity_lines": [ 238.816671, 242.314549, 243.90786, 236.896948 ] }, { "date": "2025-01-17", "close": 237.899994, "volume": 228, "typical_volume": 417.15, "trend": 228.594334, "fair_value": 256.887434, "relative_strength": 4.897392, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.932774, "energy": 18.676095, "activity_lines": [ 237.346667, 241.030002, 243.830526, 237.545485 ] }, { "date": "2025-01-24", "close": 244.699997, "volume": 92, "typical_volume": 416.9, "trend": 229.814334, "fair_value": 256.505704, "relative_strength": 4.708194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.874647, "energy": 19.820092, "activity_lines": [ 238.956666, 241.323637, 244.228906, 238.58456 ] }, { "date": "2025-01-31", "close": 252.149994, "volume": 110, "typical_volume": 359.05, "trend": 231.349334, "fair_value": 256.120127, "relative_strength": 7.108364, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.793056, "energy": 21.192429, "activity_lines": [ 243.236664, 243.05909, 245.119763, 240.025571 ] }, { "date": "2025-02-07", "close": 265.450012, "volume": 139, "typical_volume": 299.9, "trend": 233.034334, "fair_value": 255.748973, "relative_strength": 11.924131, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.035263, "energy": 63.323044, "activity_lines": [ 251.640001, 247.056365, 247.017145, 242.225614 ] }, { "date": "2025-02-14", "close": 279.149994, "volume": 1332, "typical_volume": 361.7, "trend": 235.277667, "fair_value": 255.505383, "relative_strength": 14.224034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.772216, "energy": 88.465224, "activity_lines": [ 262.753333, 253.096364, 249.922858, 245.200818 ] }, { "date": "2025-02-21", "close": 292.100006, "volume": 233, "typical_volume": 368.85, "trend": 238.167668, "fair_value": 255.420768, "relative_strength": 19.175575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.332357, "energy": 96.872671, "activity_lines": [ 274.830002, 260.916365, 253.906192, 248.866776 ] }, { "date": "2025-02-28", "close": 275.450012, "volume": 1212, "typical_volume": 389.7, "trend": 240.688001, "fair_value": 255.300255, "relative_strength": 12.538889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.631075, "energy": 87.307744, "activity_lines": [ 277.743339, 264.945458, 256.23905, 251.272088 ] }, { "date": "2025-03-07", "close": 287.600006, "volume": 465, "typical_volume": 392.95, "trend": 243.578002, "fair_value": 255.373332, "relative_strength": 16.787869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.987153, "energy": 90.783774, "activity_lines": [ 282.656673, 270.675458, 259.645003, 254.298669 ] }, { "date": "2025-03-14", "close": 283.0, "volume": 247, "typical_volume": 391.1, "trend": 246.368002, "fair_value": 255.28423, "relative_strength": 15.719379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.514947, "energy": 85.662455, "activity_lines": [ 283.673338, 274.840003, 262.354288, 256.842024 ] }, { "date": "2025-03-21", "close": 281.200012, "volume": 728, "typical_volume": 408.8, "trend": 249.098002, "fair_value": 255.238396, "relative_strength": 14.253717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.653101, "energy": 61.63307, "activity_lines": [ 282.920007, 277.851823, 264.743575, 259.08925 ] }, { "date": "2025-03-28", "close": 267.799988, "volume": 917, "typical_volume": 405.7, "trend": 251.298002, "fair_value": 255.041281, "relative_strength": 10.091845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.942501, "energy": 48.643753, "activity_lines": [ 277.563334, 277.475457, 265.732383, 260.29583 ] }, { "date": "2025-04-04", "close": 244.100006, "volume": 680, "typical_volume": 427.0, "trend": 252.797335, "fair_value": 254.687435, "relative_strength": 8.797274, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.886933, "energy": 14.841599, "activity_lines": [ 265.926668, 272.246367, 264.411193, 259.831443 ] }, { "date": "2025-04-11", "close": 241.399994, "volume": 356, "typical_volume": 444.75, "trend": 254.260002, "fair_value": 254.334871, "relative_strength": 9.698521, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.556609, "energy": 22.753038, "activity_lines": [ 255.479999, 266.537274, 262.858573, 259.096131 ] }, { "date": "2025-04-18", "close": 239.850006, "volume": 562, "typical_volume": 455.75, "trend": 255.481669, "fair_value": 254.055704, "relative_strength": 5.864045, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.131307, "energy": 41.115023, "activity_lines": [ 247.596667, 260.74182, 261.168573, 258.166454 ] }, { "date": "2025-04-25", "close": 249.100006, "volume": 752, "typical_volume": 490.7, "trend": 255.570002, "fair_value": 253.857307, "relative_strength": 5.934903, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.652152, "energy": 38.333926, "activity_lines": [ 245.673336, 257.093639, 260.36405, 257.754734 ] }, { "date": "2025-05-02", "close": 259.850006, "volume": 877, "typical_volume": 483.4, "trend": 254.948336, "fair_value": 253.792563, "relative_strength": 6.951511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.389582, "energy": 30.182032, "activity_lines": [ 249.473338, 255.946367, 260.575955, 258.030863 ] }, { "date": "2025-05-09", "close": 258.049988, "volume": 1076, "typical_volume": 536.2, "trend": 254.956669, "fair_value": 253.708589, "relative_strength": 6.290592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.952809, "energy": 19.217247, "activity_lines": [ 253.203333, 255.058182, 260.570001, 258.23097 ] }, { "date": "2025-05-16", "close": 264.399994, "volume": 555, "typical_volume": 563.95, "trend": 255.993335, "fair_value": 253.620448, "relative_strength": 6.675436, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.200909, "energy": 11.138386, "activity_lines": [ 258.119997, 255.640908, 261.118572, 258.840216 ] }, { "date": "2025-05-23", "close": 262.049988, "volume": 715, "typical_volume": 592.45, "trend": 256.335002, "fair_value": 253.464037, "relative_strength": 7.42928, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.713643, "energy": 18.291583, "activity_lines": [ 260.719993, 256.218179, 261.362857, 259.230968 ] }, { "date": "2025-05-30", "close": 256.549988, "volume": 1743, "typical_volume": 650.95, "trend": 256.383334, "fair_value": 253.249294, "relative_strength": 4.621348, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.33399, "energy": 16.006327, "activity_lines": [ 260.006657, 256.176358, 260.966903, 259.244838 ] }, { "date": "2025-06-06", "close": 261.0, "volume": 498, "typical_volume": 664.45, "trend": 256.526667, "fair_value": 253.091922, "relative_strength": 5.343932, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.688445, "energy": 22.147672, "activity_lines": [ 260.279993, 257.391814, 260.862855, 259.542688 ] }, { "date": "2025-06-13", "close": 261.399994, "volume": 135, "typical_volume": 666.6, "trend": 256.923334, "fair_value": 252.935512, "relative_strength": 6.850718, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.190825, "energy": 18.45424, "activity_lines": [ 260.609994, 258.803631, 260.686902, 259.857096 ] }, { "date": "2025-06-20", "close": 262.049988, "volume": 95, "typical_volume": 665.85, "trend": 257.54, "fair_value": 252.739037, "relative_strength": 8.047701, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.193383, "energy": 17.350812, "activity_lines": [ 260.933325, 260.019084, 260.49333, 260.187848 ] }, { "date": "2025-06-27", "close": 270.5, "volume": 97, "typical_volume": 663.75, "trend": 258.53, "fair_value": 252.556986, "relative_strength": 9.569982, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.234705, "energy": 35.641279, "activity_lines": [ 264.229995, 262.395449, 261.057378, 261.023977 ] }, { "date": "2025-07-04", "close": 273.649994, "volume": 58, "typical_volume": 600.05, "trend": 259.4, "fair_value": 252.411794, "relative_strength": 10.20318, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.737308, "energy": 60.486014, "activity_lines": [ 268.013328, 264.787267, 261.897377, 261.99946 ] }, { "date": "2025-07-11", "close": 277.299988, "volume": 427, "typical_volume": 609.75, "trend": 260.306666, "fair_value": 252.426217, "relative_strength": 9.280918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.198761, "energy": 76.556068, "activity_lines": [ 271.873326, 267.396356, 263.111186, 263.154298 ] }, { "date": "2025-07-18", "close": 290.149994, "volume": 359, "typical_volume": 567.1, "trend": 261.728332, "fair_value": 252.514999, "relative_strength": 13.835609, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.557812, "energy": 92.387491, "activity_lines": [ 278.929993, 272.024538, 265.619281, 265.079674 ] }, { "date": "2025-07-25", "close": 293.350006, "volume": 30, "typical_volume": 545.35, "trend": 263.256666, "fair_value": 252.632948, "relative_strength": 14.23376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.754816, "energy": 96.406738, "activity_lines": [ 285.136664, 276.650905, 268.362139, 267.119782 ] }, { "date": "2025-08-01", "close": 284.649994, "volume": 498, "typical_volume": 557.9, "trend": 264.824998, "fair_value": 252.732307, "relative_strength": 14.400299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.15257, "energy": 88.126082, "activity_lines": [ 286.356663, 279.169086, 270.249043, 268.499997 ] }, { "date": "2025-08-08", "close": 294.649994, "volume": 105, "typical_volume": 526.75, "trend": 267.018331, "fair_value": 252.874935, "relative_strength": 14.711835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.862998, "energy": 93.30282, "activity_lines": [ 289.966663, 283.094541, 273.080471, 270.42419 ] }, { "date": "2025-08-15", "close": 308.75, "volume": 325, "typical_volume": 497.15, "trend": 269.379998, "fair_value": 253.144807, "relative_strength": 16.637854, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.219012, "energy": 97.301459, "activity_lines": [ 296.876664, 288.890905, 277.19071, 273.116556 ] }, { "date": "2025-08-22", "close": 326.75, "volume": 366, "typical_volume": 481.45, "trend": 272.114998, "fair_value": 253.499294, "relative_strength": 21.692168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.200834, "energy": 98.496833, "activity_lines": [ 307.689998, 297.091815, 282.820234, 276.817846 ] }, { "date": "2025-08-29", "close": 336.850006, "volume": 2515, "typical_volume": 589.4, "trend": 274.938332, "fair_value": 253.954743, "relative_strength": 28.514406, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.409396, "energy": 98.645528, "activity_lines": [ 319.430001, 305.940908, 289.018092, 280.994298 ] }, { "date": "2025-09-05", "close": 337.75, "volume": 2878, "typical_volume": 705.2, "trend": 277.348332, "fair_value": 254.415961, "relative_strength": 28.121018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.692173, "energy": 95.987376, "activity_lines": [ 328.570001, 313.593636, 294.84714, 285.046664 ] }, { "date": "2025-09-12", "close": 350.299988, "volume": 849, "typical_volume": 710.05, "trend": 279.719998, "fair_value": 255.005704, "relative_strength": 29.004474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.595258, "energy": 97.344011, "activity_lines": [ 338.353331, 322.305452, 301.405234, 289.753223 ] }, { "date": "2025-09-19", "close": 358.0, "volume": 1113, "typical_volume": 721.85, "trend": 281.916665, "fair_value": 255.699294, "relative_strength": 30.031669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.830357, "energy": 96.52005, "activity_lines": [ 346.993331, 331.023635, 308.214759, 294.803545 ] }, { "date": "2025-09-26", "close": 365.25, "volume": 219, "typical_volume": 679.0, "trend": 284.909998, "fair_value": 256.498653, "relative_strength": 31.312481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.780553, "energy": 94.151201, "activity_lines": [ 354.766665, 339.592726, 315.247378, 300.179889 ] }, { "date": "2025-10-03", "close": 375.100006, "volume": 398, "typical_volume": 671.15, "trend": 287.826664, "fair_value": 257.355704, "relative_strength": 30.660789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.451641, "energy": 86.649313, "activity_lines": [ 363.256667, 348.587273, 322.707617, 305.9986 ] }, { "date": "2025-10-10", "close": 350.700012, "volume": 141, "typical_volume": 642.45, "trend": 290.083331, "fair_value": 258.113076, "relative_strength": 23.995056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.474853, "energy": 68.586721, "activity_lines": [ 361.063338, 351.659093, 327.316904, 310.054945 ] }, { "date": "2025-10-17", "close": 344.549988, "volume": 215, "typical_volume": 566.05, "trend": 292.194997, "fair_value": 258.802499, "relative_strength": 17.275984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.524496, "energy": 66.688253, "activity_lines": [ 355.956667, 352.411818, 330.918332, 313.568923 ] }, { "date": "2025-10-24", "close": 356.211304, "volume": 142, "typical_volume": 548.25, "trend": 295.142041, "fair_value": 259.66379, "relative_strength": 19.863703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.18499, "energy": 64.321939, "activity_lines": [ 355.120435, 354.37751, 335.211314, 317.699007 ] }, { "date": "2025-10-31", "close": 362.0, "volume": 945, "typical_volume": 588.75, "trend": 299.072041, "fair_value": 260.493597, "relative_strength": 22.717252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.717981, "energy": 57.561933, "activity_lines": [ 356.333014, 356.532759, 339.602212, 322.012424 ] }, { "date": "2025-11-07", "close": 356.450012, "volume": 273, "typical_volume": 597.65, "trend": 302.907041, "fair_value": 261.20161, "relative_strength": 22.792431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.779476, "energy": 53.146617, "activity_lines": [ 355.912264, 357.03801, 342.985493, 325.714228 ] }, { "date": "2025-11-14", "close": 354.25, "volume": 23, "typical_volume": 593.95, "trend": 306.720375, "fair_value": 261.902251, "relative_strength": 18.187202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.965501, "energy": 52.981519, "activity_lines": [ 356.00151, 356.786895, 345.709725, 329.026677 ] }, { "date": "2025-11-21", "close": 339.0, "volume": 58, "typical_volume": 593.95, "trend": 309.717041, "fair_value": 262.465072, "relative_strength": 15.217726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.764334, "energy": 41.778225, "activity_lines": [ 350.770756, 353.463053, 346.582767, 331.109234 ] }, { "date": "2025-11-28", "close": 339.0, "volume": 0, "typical_volume": 572.6, "trend": 312.355374, "fair_value": 262.989751, "relative_strength": 12.733845, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.919499, "energy": 27.654175, "activity_lines": [ 345.910002, 350.344666, 347.144618, 332.998457 ] }, { "date": "2025-12-05", "close": 335.600006, "volume": 46, "typical_volume": 556.95, "trend": 314.940375, "fair_value": 263.412187, "relative_strength": 11.24902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.476871, "energy": 24.141667, "activity_lines": [ 341.063336, 346.953552, 347.08885, 334.49811 ] }, { "date": "2025-12-12", "close": 339.450012, "volume": 4, "typical_volume": 555.65, "trend": 317.442042, "fair_value": 263.874046, "relative_strength": 12.683666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.5962, "energy": 25.924476, "activity_lines": [ 339.260006, 344.80153, 347.183321, 336.079377 ] }, { "date": "2025-12-19", "close": 337.600006, "volume": 93, "typical_volume": 535.4, "trend": 319.960376, "fair_value": 264.341995, "relative_strength": 10.510868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.048227, "energy": 22.089984, "activity_lines": [ 337.97334, 342.961325, 346.882077, 337.379891 ] }, { "date": "2025-12-26", "close": 341.299988, "volume": 843, "typical_volume": 572.3, "trend": 322.785376, "fair_value": 264.790713, "relative_strength": 11.89481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.781424, "energy": 17.773244, "activity_lines": [ 339.030001, 342.032026, 346.68107, 338.75664 ] }, { "date": "2026-01-02", "close": 346.950012, "volume": 245, "typical_volume": 568.3, "trend": 325.650376, "fair_value": 265.209623, "relative_strength": 11.920232, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.416052, "energy": 13.212251, "activity_lines": [ 341.816671, 342.189095, 346.796017, 340.315649 ] }, { "date": "2026-01-09", "close": 356.950012, "volume": 130, "typical_volume": 556.5, "trend": 328.835377, "fair_value": 265.610585, "relative_strength": 12.170071, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.041557, "energy": 36.317047, "activity_lines": [ 347.406673, 344.332733, 347.68144, 342.33498 ] }, { "date": "2026-01-16", "close": 359.850006, "volume": 126, "typical_volume": 437.05, "trend": 332.095378, "fair_value": 266.014752, "relative_strength": 13.762798, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.613247, "energy": 53.979592, "activity_lines": [ 352.540006, 347.09546, 348.699244, 344.335924 ] }, { "date": "2026-01-23", "close": 363.200012, "volume": 333, "typical_volume": 309.8, "trend": 335.185378, "fair_value": 266.368598, "relative_strength": 15.658318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.094654, "energy": 77.267463, "activity_lines": [ 357.430009, 350.405461, 349.926572, 346.342675 ] }, { "date": "2026-01-30", "close": 352.399994, "volume": 218, "typical_volume": 278.25, "trend": 337.810378, "fair_value": 266.750649, "relative_strength": 11.797885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.259279, "energy": 71.920298, "activity_lines": [ 357.013338, 351.589096, 350.004137, 347.453295 ] }, { "date": "2026-02-06", "close": 348.350006, "volume": 171, "typical_volume": 231.15, "trend": 340.178712, "fair_value": 267.142316, "relative_strength": 8.073421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.175838, "energy": 54.023266, "activity_lines": [ 354.506671, 351.792732, 349.685988, 348.133271 ] }, { "date": "2026-02-13", "close": 351.399994, "volume": 194, "typical_volume": 229.9, "trend": 342.220379, "fair_value": 267.58238, "relative_strength": 8.087932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.053625, "energy": 33.104892, "activity_lines": [ 352.923334, 352.380912, 349.704266, 348.857225 ] }, { "date": "2026-02-20", "close": 352.700012, "volume": 175, "typical_volume": 218.75, "trend": 344.198712, "fair_value": 268.043277, "relative_strength": 5.601376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.523677, "energy": 17.461248, "activity_lines": [ 352.143337, 352.918186, 349.912309, 349.53333 ] }, { "date": "2026-02-27", "close": 347.799988, "volume": 561, "typical_volume": 239.75, "trend": 346.303712, "fair_value": 268.421483, "relative_strength": 3.010197, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.451945, "energy": 11.617633, "activity_lines": [ 350.206665, 352.323638, 349.760348, 349.765671 ] }, { "date": "2026-03-06", "close": 329.25, "volume": 532, "typical_volume": 255.6, "trend": 347.457045, "fair_value": 268.770842, "relative_strength": 4.385768, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -39.708356, "energy": 32.317746, "activity_lines": [ 343.113332, 348.17091, 347.855533, 348.665431 ] }, { "date": "2026-03-13", "close": 341.200012, "volume": 232, "typical_volume": 260.1, "trend": 348.538713, "fair_value": 269.145201, "relative_strength": 8.877112, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.405403, "energy": 47.418163, "activity_lines": [ 341.546669, 346.410003, 347.16167, 348.261752 ] }, { "date": "2026-03-20", "close": 324.25, "volume": 322, "typical_volume": 228.95, "trend": 348.455379, "fair_value": 269.417637, "relative_strength": 6.408539, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.862286, "energy": 76.864128, "activity_lines": [ 334.806669, 341.67182, 344.925003, 346.694738 ] }, { "date": "2026-03-27", "close": 322.450012, "volume": 332, "typical_volume": 231.9, "trend": 347.975379, "fair_value": 269.665393, "relative_strength": 4.91084, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.721179, "energy": 84.266306, "activity_lines": [ 329.276672, 337.200913, 342.69667, 345.016972 ] }, { "date": "2026-04-03", "close": 323.950012, "volume": 71, "typical_volume": 234.3, "trend": 347.51538, "fair_value": 269.927573, "relative_strength": 1.602233, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.709804, "energy": 81.762195, "activity_lines": [ 326.263342, 333.682733, 340.7731, 343.466948 ] }, { "date": "2026-04-10", "close": 336.899994, "volume": 86, "typical_volume": 235.7, "trend": 347.068713, "fair_value": 270.220842, "relative_strength": 1.52951, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.324071, "energy": 71.416174, "activity_lines": [ 329.156671, 333.232731, 340.227146, 342.782085 ] }, { "date": "2026-04-17", "close": 350.899994, "volume": 487, "typical_volume": 260.05, "trend": 346.832046, "fair_value": 270.594239, "relative_strength": 3.239549, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.743931, "energy": 24.464413, "activity_lines": [ 336.206667, 335.610002, 341.024526, 343.029264 ] }, { "date": "2026-04-24", "close": 345.049988, "volume": 177, "typical_volume": 266.6, "trend": 346.158713, "fair_value": 270.902252, "relative_strength": 4.384945, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.216175, "energy": 19.831259, "activity_lines": [ 340.659996, 336.877272, 341.208096, 342.914293 ] }, { "date": "2026-05-01", "close": 345.299988, "volume": 307, "typical_volume": 281.75, "trend": 345.165379, "fair_value": 271.180137, "relative_strength": 4.561715, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.974947, "energy": 25.367233, "activity_lines": [ 343.809992, 338.305452, 341.370476, 342.858891 ] }, { "date": "2026-05-08", "close": 347.0, "volume": 44, "typical_volume": 279.3, "trend": 345.042045, "fair_value": 271.49456, "relative_strength": 4.638651, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 6.961824, "energy": 24.46223, "activity_lines": [ 346.003327, 340.17727, 341.666904, 342.977254 ] }, { "date": "2026-05-15", "close": 346.850006, "volume": 4967, "typical_volume": 485.5, "trend": 345.118712, "fair_value": 271.816355, "relative_strength": 6.193937, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 15.896307, "energy": 21.180071, "activity_lines": [ 346.609998, 342.036362, 341.904286, 343.093896 ] }, { "date": "2026-05-22", "close": 341.649994, "volume": 2146, "typical_volume": 580.55, "trend": 344.633335, "fair_value": 272.197444, "relative_strength": 2.105618, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.472156, "energy": 13.965503, "activity_lines": [ 344.819997, 342.629997, 341.619999, 342.870108 ] }, { "date": "2026-05-29", "close": 344.950012, "volume": 485, "typical_volume": 598.3, "trend": 344.065002, "fair_value": 272.585585, "relative_strength": 1.810254, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.778421, "energy": 11.817619, "activity_lines": [ 344.746669, 343.815454, 341.675238, 342.890539 ] }, { "date": "2026-06-05", "close": 333.600006, "volume": 13, "typical_volume": 592.65, "trend": 343.303336, "fair_value": 272.870521, "relative_strength": -2.282384, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.932017, "energy": 19.050551, "activity_lines": [ 340.896671, 342.56091, 340.706667, 342.215378 ] }, { "date": "2026-06-12", "close": 331.049988, "volume": 519, "typical_volume": 601.95, "trend": 342.530002, "fair_value": 273.035265, "relative_strength": -4.817375, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.029751, "energy": 34.955278, "activity_lines": [ 336.976666, 340.639999, 339.620238, 341.424839 ] }, { "date": "2026-06-19", "close": 332.149994, "volume": 9, "typical_volume": 591.5, "trend": 342.301668, "fair_value": 273.345842, "relative_strength": -5.512427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.730772, "energy": 59.420662, "activity_lines": [ 334.486664, 338.789998, 338.791666, 340.755161 ] }, { "date": "2026-06-26", "close": 316.700012, "volume": 40, "typical_volume": 584.95, "trend": 341.558335, "fair_value": 273.50706, "relative_strength": -9.62615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.297528, "energy": 80.299348, "activity_lines": [ 327.826668, 334.217273, 336.588095, 339.103442 ] }, { "date": "2026-07-03", "close": 318.200012, "volume": 0, "typical_volume": 575.25, "trend": 340.978336, "fair_value": 273.70097, "relative_strength": -10.588804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.070353, "energy": 84.439731, "activity_lines": [ 323.330005, 330.539094, 334.678096, 337.596453 ] }, { "date": "2026-07-10", "close": 320.0, "volume": 948, "typical_volume": 613.9, "trend": 340.330002, "fair_value": 273.84488, "relative_strength": -8.384154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.827316, "energy": 84.904638, "activity_lines": [ 321.216671, 327.676367, 333.09762, 336.243012 ] }, { "date": "2026-07-17", "close": 302.149994, "volume": 2278, "typical_volume": 699.75, "trend": 339.148335, "fair_value": 273.952893, "relative_strength": -13.4589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.972723, "energy": 96.882166, "activity_lines": [ 314.060002, 322.028183, 329.972858, 333.779786 ] }, { "date": "2026-07-24", "close": 306.899994, "volume": 1175, "typical_volume": 731.9, "trend": 338.001668, "fair_value": 273.958983, "relative_strength": -12.418199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.818487, "energy": 91.074097, "activity_lines": [ 310.413332, 318.059091, 327.517857, 331.699248 ] }, { "date": "2026-07-31", "close": 316.299988, "volume": 186, "typical_volume": 729.6, "trend": 336.980001, "fair_value": 274.033983, "relative_strength": -11.17017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.02129, "energy": 80.328992, "activity_lines": [ 311.583327, 316.525452, 326.064522, 330.299139 ] }, { "date": "2026-08-07", "close": 326.0, "volume": 865, "typical_volume": 756.75, "trend": 335.948334, "fair_value": 274.320201, "relative_strength": -10.576095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.149245, "energy": 53.919673, "activity_lines": [ 316.013328, 317.216361, 325.65357, 329.590752 ] } ], "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." } } }