{ "ticker": { "uuid": "c39435c8-9e75-44b2-8b60-330b30aca96b", "symbol": "TFW", "name": "FW Thorpe Plc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 90.898, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -47.001, "architecture_energy": 31.115, "architecture_maturity": 24.606, "architecture_confidence": 93.192, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 39.87, "rotation_up": 18.34, "upward_expansion": 6.88, "deceleration": 41.7, "rotation_down": 51.16, "downward_expansion": 77.88 }, "activity_lines": [ 255.2, 256.781818, 258.819048, 260.089936 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 255.0, "trend_reference": 263.587612, "distance_from_trend": -0.03258, "trend_direction": "Weakening", "fair_value": 320.739551, "distance_from_fair_value": -0.204962, "fair_value_direction": "Improving", "relative_strength": -15.235478, "relative_strength_direction": "Improving", "price_momentum": -0.097195, "excess_performance": -0.14843, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.03258, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.032961, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.204962, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.007516, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.152355, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011483, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.097195, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.889327, "read": "Supply-led" } ], "volume": { "latest": 269231, "relative_activity": 1.341158, "balance": 0.889327, "dry_up": 1.013548, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.065599, "annualized_volatility": 0.232604, "from_high_reference": -0.202992, "from_low_reference": 0.0625 }, "levels": { "trend_reference": 263.587612, "fair_value_reference": 320.739551, "structural_low": 240.0, "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": 16, "median_return": -0.00133, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.02699, "regime_survival": 0.5, "best_return": 0.111475, "worst_return": -0.093407, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.106101, "positive_rate": 0.142857, "directional_follow_through": 0.142857, "median_excess_return": -0.119798, "regime_survival": 0.285714, "best_return": 0.04336, "worst_return": -0.181522, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.135859, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.154299, "regime_survival": 0.0, "best_return": -0.060487, "worst_return": -0.228261, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.142276, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.206505, "regime_survival": 0.75, "best_return": -0.03777, "worst_return": -0.191179, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-26", "end": "2024-05-24", "tenure": "Developing", "return": -0.075377, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-06-14", "tenure": "New", "return": -0.013699, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-21", "end": "2024-06-28", "tenure": "New", "return": -0.008824, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2024-08-23", "tenure": "Developing", "return": 0.10597, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-09-20", "tenure": "New", "return": -0.127747, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2025-05-30", "tenure": "Extended", "return": -0.066385, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.054098, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": 0.00295, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": -0.089706, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-09-19", "tenure": "Developing", "return": 0.010101, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-26", "end": "2025-10-03", "tenure": "New", "return": 0.028911, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-10-31", "tenure": "New", "return": -0.029431, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-05-22", "tenure": "Extended", "return": -0.086055, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.072727, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 366.697296, "volume": 41594, "typical_volume": 132125.4, "trend": 371.871765, "fair_value": 390.998562, "relative_strength": -0.662321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.242758, "energy": 2.93189, "activity_lines": [ 372.359255, 373.854993, 371.450486, 370.349933 ] }, { "date": "2023-08-25", "close": 369.694824, "volume": 75884, "typical_volume": 126660.8, "trend": 370.873187, "fair_value": 391.42881, "relative_strength": -1.001186, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.940169, "energy": 3.311368, "activity_lines": [ 370.893811, 372.982991, 371.574196, 370.209485 ] }, { "date": "2023-09-01", "close": 384.682434, "volume": 71937, "typical_volume": 124238.05, "trend": 370.374196, "fair_value": 391.935928, "relative_strength": 1.192943, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.691695, "energy": 17.306034, "activity_lines": [ 375.090352, 374.854176, 373.134813, 371.100404 ] }, { "date": "2023-09-08", "close": 384.682434, "volume": 216594, "typical_volume": 130498.55, "trend": 369.875205, "fair_value": 392.443045, "relative_strength": 0.847044, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.985901, "energy": 22.799335, "activity_lines": [ 378.620774, 376.652693, 374.557449, 372.023516 ] }, { "date": "2023-09-15", "close": 399.670074, "volume": 56338, "typical_volume": 125250.85, "trend": 371.041454, "fair_value": 393.046238, "relative_strength": 1.486484, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.147866, "energy": 42.343814, "activity_lines": [ 386.480957, 380.9764, 377.28853, 373.945766 ] }, { "date": "2023-09-22", "close": 414.657684, "volume": 84105, "typical_volume": 122869.55, "trend": 372.607376, "fair_value": 393.783912, "relative_strength": 5.560836, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.445189, "energy": 59.593806, "activity_lines": [ 397.671714, 387.589123, 381.232894, 376.759716 ] }, { "date": "2023-09-29", "close": 417.655151, "volume": 126146, "typical_volume": 119722.4, "trend": 374.206606, "fair_value": 394.63042, "relative_strength": 7.214811, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.307992, "energy": 63.3245, "activity_lines": [ 406.664268, 394.002001, 385.177251, 379.666024 ] }, { "date": "2023-10-06", "close": 389.678284, "volume": 136402, "typical_volume": 123374.45, "trend": 374.54023, "fair_value": 395.25918, "relative_strength": 1.499647, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.205638, "energy": 52.873973, "activity_lines": [ 403.133844, 394.637838, 386.181183, 380.664197 ] }, { "date": "2023-10-13", "close": 379.686554, "volume": 162435, "typical_volume": 122847.95, "trend": 374.557449, "fair_value": 395.804687, "relative_strength": -2.204677, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.20049, "energy": 28.391669, "activity_lines": [ 395.939787, 393.184494, 386.100299, 380.996218 ] }, { "date": "2023-10-20", "close": 362.700592, "volume": 103555, "typical_volume": 110162.45, "trend": 374.674019, "fair_value": 396.260514, "relative_strength": -3.75919, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.165739, "energy": 9.849432, "activity_lines": [ 383.416801, 388.551958, 384.335092, 380.231259 ] }, { "date": "2023-10-27", "close": 359.750732, "volume": 89632, "typical_volume": 111659.1, "trend": 374.359204, "fair_value": 396.575543, "relative_strength": -2.768695, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.780274, "energy": 14.833949, "activity_lines": [ 372.375161, 383.601085, 382.327009, 379.268467 ] }, { "date": "2023-11-03", "close": 363.747986, "volume": 581896, "typical_volume": 131580.65, "trend": 374.094365, "fair_value": 396.928999, "relative_strength": -2.962842, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.730017, "energy": 20.410891, "activity_lines": [ 366.326402, 379.503287, 380.742212, 378.583872 ] }, { "date": "2023-11-10", "close": 354.754181, "volume": 125833, "typical_volume": 133425.9, "trend": 374.062626, "fair_value": 397.199195, "relative_strength": -4.244928, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.128635, "energy": 28.022803, "activity_lines": [ 360.873519, 373.878376, 378.333938, 377.336118 ] }, { "date": "2023-11-17", "close": 335.767334, "volume": 110211, "typical_volume": 136840.05, "trend": 373.264768, "fair_value": 397.238843, "relative_strength": -10.693293, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.803999, "energy": 47.604132, "activity_lines": [ 351.419961, 365.345461, 374.240877, 374.865454 ] }, { "date": "2023-11-24", "close": 354.754181, "volume": 233771, "typical_volume": 134913.65, "trend": 373.266335, "fair_value": 397.406605, "relative_strength": -5.124402, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.681317, "energy": 38.540368, "activity_lines": [ 351.223299, 361.154065, 372.136678, 373.671223 ] }, { "date": "2023-12-01", "close": 328.772217, "volume": 188232, "typical_volume": 140896.5, "trend": 372.401836, "fair_value": 397.382206, "relative_strength": -12.12559, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.369248, "energy": 57.166916, "activity_lines": [ 342.895744, 353.055328, 367.6577, 370.800634 ] }, { "date": "2023-12-08", "close": 329.771515, "volume": 127193, "typical_volume": 142478.65, "trend": 371.404118, "fair_value": 397.364213, "relative_strength": -11.75271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.31606, "energy": 58.237826, "activity_lines": [ 336.966522, 346.699836, 363.487794, 368.050291 ] }, { "date": "2023-12-15", "close": 359.750732, "volume": 104174, "typical_volume": 143475.7, "trend": 371.339096, "fair_value": 397.538394, "relative_strength": -3.707293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.380385, "energy": 35.609157, "activity_lines": [ 343.295471, 347.392995, 362.410743, 367.29846 ] }, { "date": "2023-12-22", "close": 379.736908, "volume": 165240, "typical_volume": 145019.55, "trend": 371.807058, "fair_value": 397.827888, "relative_strength": 0.310066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.208373, "energy": 17.719124, "activity_lines": [ 355.953375, 352.264142, 363.30828, 367.840254 ] }, { "date": "2023-12-29", "close": 389.72995, "volume": 12202, "typical_volume": 140668.7, "trend": 372.44159, "fair_value": 398.117419, "relative_strength": 2.631274, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.173494, "energy": 12.833037, "activity_lines": [ 369.010988, 358.95129, 365.133505, 368.99657 ] }, { "date": "2024-01-05", "close": 379.736908, "volume": 44355, "typical_volume": 140806.75, "trend": 372.809633, "fair_value": 398.342891, "relative_strength": 0.732794, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.118965, "energy": 16.994334, "activity_lines": [ 376.40587, 363.330078, 365.935396, 369.467235 ] }, { "date": "2024-01-12", "close": 385.732758, "volume": 140705, "typical_volume": 144047.8, "trend": 373.310926, "fair_value": 398.734842, "relative_strength": 3.270682, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.172772, "energy": 24.606387, "activity_lines": [ 382.401721, 368.435635, 367.246226, 370.300985 ] }, { "date": "2024-01-19", "close": 379.736908, "volume": 115201, "typical_volume": 146211.0, "trend": 373.2793, "fair_value": 399.088357, "relative_strength": 3.973941, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.599395, "energy": 23.946039, "activity_lines": [ 382.668207, 372.051315, 367.909653, 370.715565 ] }, { "date": "2024-01-26", "close": 365.746582, "volume": 230875, "typical_volume": 146925.05, "trend": 373.014469, "fair_value": 399.352191, "relative_strength": -1.991173, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 9.107732, "energy": 12.548128, "activity_lines": [ 376.938839, 372.669068, 367.264217, 370.229583 ] }, { "date": "2024-02-02", "close": 389.72995, "volume": 85540, "typical_volume": 148385.15, "trend": 373.482472, "fair_value": 399.737754, "relative_strength": 4.679767, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.620548, "energy": 15.03572, "activity_lines": [ 380.136615, 377.102356, 368.993083, 371.308001 ] }, { "date": "2024-02-09", "close": 374.740356, "volume": 88050, "typical_volume": 148582.4, "trend": 373.517434, "fair_value": 400.02723, "relative_strength": 1.27224, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.112245, "energy": 7.52157, "activity_lines": [ 378.33786, 378.17434, 369.341702, 371.389155 ] }, { "date": "2024-02-16", "close": 368.744507, "volume": 126852, "typical_volume": 148617.7, "trend": 373.152699, "fair_value": 400.278271, "relative_strength": -2.232393, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.136342, "energy": 4.626507, "activity_lines": [ 374.873592, 377.320386, 369.309371, 371.081224 ] }, { "date": "2024-02-23", "close": 355.75351, "volume": 56848, "typical_volume": 144640.0, "trend": 372.521461, "fair_value": 400.471645, "relative_strength": -5.591986, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.118067, "energy": 10.701741, "activity_lines": [ 368.211542, 373.395832, 368.272709, 369.958696 ] }, { "date": "2024-03-01", "close": 360.750061, "volume": 102473, "typical_volume": 141641.9, "trend": 372.056775, "fair_value": 400.709852, "relative_strength": -3.986065, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.952271, "energy": 21.337756, "activity_lines": [ 364.813902, 370.452419, 367.873456, 369.199251 ] }, { "date": "2024-03-08", "close": 369.743835, "volume": 124144, "typical_volume": 142671.35, "trend": 371.891881, "fair_value": 400.967298, "relative_strength": -1.271167, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.136342, "energy": 18.962596, "activity_lines": [ 364.747288, 369.489453, 368.420926, 369.050029 ] }, { "date": "2024-03-15", "close": 378.737579, "volume": 109327, "typical_volume": 143656.1, "trend": 372.293224, "fair_value": 401.295202, "relative_strength": 0.350043, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -14.269009, "energy": 8.986689, "activity_lines": [ 369.010996, 370.525096, 369.791405, 369.491687 ] }, { "date": "2024-03-22", "close": 369.760376, "volume": 136459, "typical_volume": 121384.25, "trend": 372.295409, "fair_value": 401.546352, "relative_strength": -4.471616, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.238921, "energy": 7.112756, "activity_lines": [ 370.015822, 369.946691, 370.216498, 369.328277 ] }, { "date": "2024-03-29", "close": 376.755829, "volume": 127615, "typical_volume": 121473.35, "trend": 372.031189, "fair_value": 401.720609, "relative_strength": -2.89161, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.043432, "energy": 7.050392, "activity_lines": [ 373.284741, 370.930594, 371.279194, 369.616046 ] }, { "date": "2024-04-05", "close": 385.750031, "volume": 162358, "typical_volume": 124080.7, "trend": 372.066776, "fair_value": 401.920509, "relative_strength": -0.0825, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.109592, "energy": 22.347518, "activity_lines": [ 378.151573, 373.604007, 373.093712, 370.501133 ] }, { "date": "2024-04-12", "close": 379.753906, "volume": 142501, "typical_volume": 119517.2, "trend": 371.402903, "fair_value": 402.113984, "relative_strength": -2.762397, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.763395, "energy": 26.179121, "activity_lines": [ 379.353031, 374.823516, 374.099157, 370.997077 ] }, { "date": "2024-04-19", "close": 397.742249, "volume": 139796, "typical_volume": 117095.4, "trend": 370.839055, "fair_value": 402.320331, "relative_strength": 2.930079, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.473599, "energy": 50.610407, "activity_lines": [ 385.883266, 379.495016, 376.698731, 372.696389 ] }, { "date": "2024-04-26", "close": 397.742249, "volume": 146025, "typical_volume": 118037.0, "trend": 370.175292, "fair_value": 402.443446, "relative_strength": -0.302838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.706788, "energy": 53.867098, "activity_lines": [ 391.146523, 383.7483, 378.969876, 374.432079 ] }, { "date": "2024-05-03", "close": 389.247742, "volume": 91346, "typical_volume": 117395.6, "trend": 370.160941, "fair_value": 402.512109, "relative_strength": -3.375384, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.33235, "energy": 46.619872, "activity_lines": [ 391.71282, 385.929896, 380.108351, 375.66256 ] }, { "date": "2024-05-10", "close": 389.247742, "volume": 92602, "typical_volume": 113763.7, "trend": 370.479647, "fair_value": 402.580773, "relative_strength": -5.890744, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.986613, "energy": 43.597276, "activity_lines": [ 391.446322, 387.502507, 381.106363, 376.893966 ] }, { "date": "2024-05-17", "close": 371.759094, "volume": 154757, "typical_volume": 120891.45, "trend": 370.781597, "fair_value": 402.428488, "relative_strength": -9.887301, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.083121, "energy": 17.56438, "activity_lines": [ 385.117094, 385.377223, 380.393501, 376.976511 ] }, { "date": "2024-05-24", "close": 367.761658, "volume": 113792, "typical_volume": 124363.3, "trend": 371.048628, "fair_value": 402.154543, "relative_strength": -9.623197, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.288768, "energy": 11.971036, "activity_lines": [ 377.988375, 382.488492, 379.385505, 376.781677 ] }, { "date": "2024-05-31", "close": 364.763641, "volume": 97890, "typical_volume": 122222.55, "trend": 371.082483, "fair_value": 401.822965, "relative_strength": -9.73784, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.598314, "energy": 14.992968, "activity_lines": [ 371.859023, 379.254229, 378.14901, 376.376194 ] }, { "date": "2024-06-07", "close": 354.770081, "volume": 126722, "typical_volume": 122798.6, "trend": 371.083013, "fair_value": 401.350497, "relative_strength": -11.692199, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.478804, "energy": 24.929128, "activity_lines": [ 364.597058, 374.293805, 376.060599, 375.323781 ] }, { "date": "2024-06-14", "close": 359.766846, "volume": 252785, "typical_volume": 123894.1, "trend": 371.882997, "fair_value": 400.91006, "relative_strength": -9.210069, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.002602, "energy": 35.545336, "activity_lines": [ 361.299192, 370.641624, 374.566961, 374.593705 ] }, { "date": "2024-06-21", "close": 339.779816, "volume": 88487, "typical_volume": 124041.45, "trend": 371.383851, "fair_value": 400.239062, "relative_strength": -14.870239, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.324846, "energy": 52.882812, "activity_lines": [ 353.304376, 363.827859, 371.198271, 372.522532 ] }, { "date": "2024-06-28", "close": 336.781708, "volume": 195014, "typical_volume": 129389.65, "trend": 371.650834, "fair_value": 399.580857, "relative_strength": -14.577082, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.741145, "energy": 67.10196, "activity_lines": [ 346.442143, 357.195786, 367.781904, 370.290136 ] }, { "date": "2024-07-05", "close": 334.78302, "volume": 149622, "typical_volume": 130528.15, "trend": 371.817884, "fair_value": 399.037889, "relative_strength": -15.125483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.502523, "energy": 67.157657, "activity_lines": [ 340.97901, 351.308688, 364.355942, 367.911567 ] }, { "date": "2024-07-12", "close": 344.77655, "volume": 139927, "typical_volume": 134682.1, "trend": 371.318745, "fair_value": 398.520567, "relative_strength": -12.814911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.679727, "energy": 60.444208, "activity_lines": [ 340.845762, 348.383309, 362.043466, 366.166965 ] }, { "date": "2024-07-19", "close": 357.268463, "volume": 83338, "typical_volume": 133725.35, "trend": 370.569797, "fair_value": 398.108931, "relative_strength": -8.368306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.79513, "energy": 37.05038, "activity_lines": [ 345.54272, 348.537754, 360.972967, 365.260495 ] }, { "date": "2024-07-26", "close": 336.781708, "volume": 186246, "typical_volume": 136830.45, "trend": 368.804855, "fair_value": 397.540361, "relative_strength": -14.701702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.529441, "energy": 36.1286, "activity_lines": [ 343.577319, 345.548776, 357.967928, 363.080619 ] }, { "date": "2024-08-02", "close": 341.778503, "volume": 67951, "typical_volume": 134761.65, "trend": 367.539575, "fair_value": 396.997418, "relative_strength": -11.986376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.317981, "energy": 30.722703, "activity_lines": [ 343.47739, 344.104259, 355.595736, 361.336983 ] }, { "date": "2024-08-09", "close": 349.773315, "volume": 78145, "typical_volume": 131845.95, "trend": 366.340927, "fair_value": 396.166397, "relative_strength": -9.599491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.856562, "energy": 22.461306, "activity_lines": [ 345.709279, 344.585764, 354.160951, 360.190773 ] }, { "date": "2024-08-16", "close": 377.755219, "volume": 154074, "typical_volume": 133168.9, "trend": 366.274871, "fair_value": 395.578771, "relative_strength": -3.853946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.283488, "energy": 10.226501, "activity_lines": [ 356.269116, 350.42744, 355.486285, 360.927178 ] }, { "date": "2024-08-23", "close": 370.260071, "volume": 180216, "typical_volume": 134061.8, "trend": 366.425321, "fair_value": 394.949501, "relative_strength": -5.720282, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.402596, "energy": 14.673753, "activity_lines": [ 362.131993, 354.48845, 356.093037, 361.184288 ] }, { "date": "2024-08-30", "close": 363.764282, "volume": 137618, "typical_volume": 133817.65, "trend": 365.559798, "fair_value": 394.124933, "relative_strength": -7.608417, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.150117, "energy": 15.884968, "activity_lines": [ 364.963499, 357.177622, 356.154904, 361.012608 ] }, { "date": "2024-09-06", "close": 350.772675, "volume": 117751, "typical_volume": 132715.4, "trend": 364.760876, "fair_value": 393.364342, "relative_strength": -8.462762, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.837324, "energy": 15.755945, "activity_lines": [ 361.665631, 357.068602, 355.055616, 360.0586 ] }, { "date": "2024-09-13", "close": 327.787567, "volume": 171212, "typical_volume": 133974.75, "trend": 363.395644, "fair_value": 392.514032, "relative_strength": -14.981886, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.521737, "energy": 21.876851, "activity_lines": [ 350.106449, 352.526091, 351.990935, 357.673226 ] }, { "date": "2024-09-20", "close": 317.294403, "volume": 175678, "typical_volume": 138191.35, "trend": 362.113674, "fair_value": 391.666885, "relative_strength": -16.74305, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.128, "energy": 53.383507, "activity_lines": [ 336.515263, 346.202921, 348.260023, 354.698952 ] }, { "date": "2024-09-27", "close": 329.786285, "volume": 139628, "typical_volume": 140542.65, "trend": 361.081548, "fair_value": 390.899813, "relative_strength": -13.863569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.101019, "energy": 57.630224, "activity_lines": [ 331.118758, 342.650679, 346.061448, 352.613314 ] }, { "date": "2024-10-04", "close": 327.787567, "volume": 281785, "typical_volume": 146894.05, "trend": 359.683006, "fair_value": 390.3056, "relative_strength": -13.521458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.023597, "energy": 60.308878, "activity_lines": [ 327.754266, 339.234708, 343.955669, 350.465315 ] }, { "date": "2024-10-11", "close": 309.799255, "volume": 540287, "typical_volume": 168218.8, "trend": 357.385062, "fair_value": 389.564065, "relative_strength": -17.570506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.129032, "energy": 65.330466, "activity_lines": [ 320.792118, 332.711666, 340.346106, 347.247009 ] }, { "date": "2024-10-18", "close": 311.797943, "volume": 487510, "typical_volume": 187699.8, "trend": 355.452981, "fair_value": 388.899366, "relative_strength": -17.670264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.862777, "energy": 57.053535, "activity_lines": [ 317.227761, 327.133462, 337.202905, 344.305904 ] }, { "date": "2024-10-25", "close": 298.87854, "volume": 337673, "typical_volume": 198247.35, "trend": 352.857071, "fair_value": 388.15784, "relative_strength": -19.586673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.631316, "energy": 61.499715, "activity_lines": [ 310.42291, 319.896737, 333.081503, 340.65594 ] }, { "date": "2024-11-01", "close": 351.856934, "volume": 576272, "typical_volume": 214421.7, "trend": 351.727301, "fair_value": 387.659868, "relative_strength": -4.258387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.444085, "energy": 29.86987, "activity_lines": [ 322.505249, 323.726569, 334.271812, 340.591415 ] }, { "date": "2024-11-08", "close": 362.852539, "volume": 356657, "typical_volume": 227830.2, "trend": 351.163922, "fair_value": 387.225977, "relative_strength": 0.154506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.96652, "energy": 9.631017, "activity_lines": [ 336.781413, 329.890204, 336.546988, 341.309173 ] }, { "date": "2024-11-15", "close": 357.854523, "volume": 224020, "typical_volume": 229280.5, "trend": 349.834331, "fair_value": 386.625576, "relative_strength": -1.101814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.268978, "energy": 16.674933, "activity_lines": [ 347.053906, 335.161687, 338.236293, 341.740824 ] }, { "date": "2024-11-22", "close": 306.875275, "volume": 220686, "typical_volume": 232833.7, "trend": 346.805432, "fair_value": 385.61514, "relative_strength": -16.863653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.823633, "energy": 23.85155, "activity_lines": [ 337.129633, 331.035454, 334.970084, 338.969272 ] }, { "date": "2024-11-29", "close": 315.871613, "volume": 184965, "typical_volume": 235085.6, "trend": 344.359561, "fair_value": 384.611147, "relative_strength": -14.482349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.598591, "energy": 16.93879, "activity_lines": [ 330.532316, 328.925142, 332.693563, 336.973542 ] }, { "date": "2024-12-06", "close": 325.867523, "volume": 133819, "typical_volume": 237609.65, "trend": 342.246887, "fair_value": 383.671229, "relative_strength": -11.833678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.640711, "energy": 21.773921, "activity_lines": [ 326.134098, 328.658138, 331.506676, 335.780507 ] }, { "date": "2024-12-13", "close": 321.869171, "volume": 203885, "typical_volume": 238491.6, "trend": 340.58389, "fair_value": 382.692874, "relative_strength": -12.499104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.411773, "energy": 29.720925, "activity_lines": [ 322.135724, 327.73541, 330.088522, 334.465816 ] }, { "date": "2024-12-20", "close": 312.872803, "volume": 131764, "typical_volume": 241682.25, "trend": 338.754261, "fair_value": 381.554396, "relative_strength": -12.270717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.43179, "energy": 39.543838, "activity_lines": [ 317.870785, 325.284587, 327.884584, 332.678004 ] }, { "date": "2024-12-27", "close": 319.869965, "volume": 32328, "typical_volume": 239391.4, "trend": 337.257805, "fair_value": 380.460772, "relative_strength": -10.591739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.561449, "energy": 32.730065, "activity_lines": [ 318.937014, 324.050092, 326.484687, 331.459662 ] }, { "date": "2025-01-03", "close": 304.876068, "volume": 40220, "typical_volume": 233698.7, "trend": 335.594672, "fair_value": 379.277436, "relative_strength": -15.093677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.615678, "energy": 41.021021, "activity_lines": [ 314.138965, 319.94267, 323.799198, 329.370518 ] }, { "date": "2025-01-10", "close": 303.876465, "volume": 174966, "typical_volume": 233436.2, "trend": 333.731659, "fair_value": 378.17734, "relative_strength": -15.109374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.522809, "energy": 44.378468, "activity_lines": [ 309.740751, 315.544456, 321.365552, 327.324182 ] }, { "date": "2025-01-17", "close": 297.878937, "volume": 191009, "typical_volume": 236105.75, "trend": 332.334963, "fair_value": 376.981167, "relative_strength": -18.724942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.811531, "energy": 47.060554, "activity_lines": [ 304.809432, 310.928155, 318.676825, 325.011103 ] }, { "date": "2025-01-24", "close": 299.878113, "volume": 382779, "typical_volume": 249357.15, "trend": 331.104843, "fair_value": 376.149998, "relative_strength": -17.688462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.538302, "energy": 51.768656, "activity_lines": [ 302.143854, 307.856679, 316.492235, 322.917113 ] }, { "date": "2025-01-31", "close": 303.876465, "volume": 109934, "typical_volume": 246293.25, "trend": 330.074625, "fair_value": 375.312441, "relative_strength": -17.644419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.367368, "energy": 48.375403, "activity_lines": [ 301.677372, 306.566292, 314.930796, 321.160443 ] }, { "date": "2025-02-07", "close": 309.874054, "volume": 177822, "typical_volume": 246400.45, "trend": 328.911208, "fair_value": 374.39807, "relative_strength": -15.74644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.613258, "energy": 37.138347, "activity_lines": [ 304.276321, 306.420899, 314.054419, 319.857181 ] }, { "date": "2025-02-14", "close": 312.872803, "volume": 199471, "typical_volume": 249392.6, "trend": 327.431353, "fair_value": 373.42608, "relative_strength": -14.778062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.864399, "energy": 23.095851, "activity_lines": [ 307.541653, 306.92978, 313.498971, 318.822445 ] }, { "date": "2025-02-21", "close": 314.372223, "volume": 195188, "typical_volume": 245062.75, "trend": 326.68437, "fair_value": 372.655804, "relative_strength": -13.255553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.73473, "energy": 17.843242, "activity_lines": [ 310.707035, 307.947551, 313.166866, 317.97992 ] }, { "date": "2025-02-28", "close": 298.87854, "volume": 98679, "typical_volume": 222982.35, "trend": 325.254371, "fair_value": 371.856647, "relative_strength": -18.449385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.184323, "energy": 22.935648, "activity_lines": [ 307.608305, 306.284597, 311.423054, 316.185996 ] }, { "date": "2025-03-07", "close": 311.87323, "volume": 243608, "typical_volume": 210787.25, "trend": 323.991035, "fair_value": 371.102369, "relative_strength": -13.135642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.170843, "energy": 17.346265, "activity_lines": [ 308.907776, 307.238754, 310.968836, 315.322696 ] }, { "date": "2025-03-14", "close": 296.879303, "volume": 225960, "typical_volume": 205201.6, "trend": 321.295171, "fair_value": 370.315773, "relative_strength": -16.286828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.647303, "energy": 31.364616, "activity_lines": [ 304.676154, 305.612138, 309.086266, 313.573552 ] }, { "date": "2025-03-21", "close": 296.897308, "volume": 473187, "typical_volume": 200047.35, "trend": 318.849746, "fair_value": 369.401212, "relative_strength": -15.938672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.470783, "energy": 39.619643, "activity_lines": [ 301.31685, 304.134192, 307.214931, 311.999497 ] }, { "date": "2025-03-28", "close": 287.900452, "volume": 259695, "typical_volume": 195199.25, "trend": 316.320951, "fair_value": 368.3009, "relative_strength": -18.054901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.805931, "energy": 53.10954, "activity_lines": [ 296.023627, 301.147347, 304.748464, 310.002768 ] }, { "date": "2025-04-04", "close": 289.89978, "volume": 534576, "typical_volume": 210727.05, "trend": 314.291855, "fair_value": 367.213404, "relative_strength": -10.75945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.362266, "energy": 59.140948, "activity_lines": [ 293.161631, 298.705444, 302.829325, 308.298176 ] }, { "date": "2025-04-11", "close": 280.902863, "volume": 223439, "typical_volume": 210864.7, "trend": 312.729031, "fair_value": 366.100255, "relative_strength": -12.030339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.522815, "energy": 65.385068, "activity_lines": [ 287.899247, 294.809161, 300.376931, 306.144048 ] }, { "date": "2025-04-18", "close": 291.899078, "volume": 89319, "typical_volume": 206082.4, "trend": 311.882521, "fair_value": 364.993556, "relative_strength": -11.385651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.24723, "energy": 55.114276, "activity_lines": [ 288.36696, 293.329893, 299.095473, 304.80018 ] }, { "date": "2025-04-25", "close": 297.897003, "volume": 753982, "typical_volume": 237090.55, "trend": 310.819545, "fair_value": 363.909294, "relative_strength": -10.482691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.203746, "energy": 35.363719, "activity_lines": [ 291.165995, 293.267974, 298.499401, 303.897888 ] }, { "date": "2025-05-02", "close": 299.896301, "volume": 110650, "typical_volume": 232428.8, "trend": 309.889836, "fair_value": 362.885878, "relative_strength": -11.240664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.622721, "energy": 23.77535, "activity_lines": [ 294.564817, 293.841851, 298.226932, 303.193163 ] }, { "date": "2025-05-09", "close": 289.89978, "volume": 72939, "typical_volume": 229487.55, "trend": 309.22652, "fair_value": 361.894442, "relative_strength": -13.26151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.283092, "energy": 20.231295, "activity_lines": [ 293.831742, 292.861377, 297.107045, 301.903482 ] }, { "date": "2025-05-16", "close": 289.89978, "volume": 109881, "typical_volume": 233365.2, "trend": 308.496581, "fair_value": 361.063105, "relative_strength": -14.102553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.793734, "energy": 19.462149, "activity_lines": [ 293.098667, 292.044153, 296.096554, 300.656596 ] }, { "date": "2025-05-23", "close": 302.895264, "volume": 127301, "typical_volume": 237719.25, "trend": 308.630472, "fair_value": 360.283052, "relative_strength": -10.174826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.154915, "energy": 12.753335, "activity_lines": [ 296.097626, 293.989262, 296.466443, 300.29522 ] }, { "date": "2025-05-30", "close": 307.893524, "volume": 236772, "typical_volume": 240809.55, "trend": 307.165025, "fair_value": 359.50302, "relative_strength": -8.851836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.144485, "energy": 9.407151, "activity_lines": [ 300.029592, 296.733765, 297.32179, 300.247675 ] }, { "date": "2025-06-06", "close": 304.894562, "volume": 115247, "typical_volume": 237021.45, "trend": 305.233092, "fair_value": 358.719773, "relative_strength": -10.025387, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.407307, "energy": 10.567971, "activity_lines": [ 302.295469, 298.73307, 297.872392, 300.101194 ] }, { "date": "2025-06-13", "close": 302.395416, "volume": 121247, "typical_volume": 223944.85, "trend": 303.384455, "fair_value": 358.144646, "relative_strength": -10.442049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.708592, "energy": 13.097635, "activity_lines": [ 303.395081, 299.969001, 298.151572, 299.918118 ] }, { "date": "2025-06-20", "close": 299.896301, "volume": 736135, "typical_volume": 255254.9, "trend": 303.151823, "fair_value": 357.585518, "relative_strength": -10.093543, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.853831, "energy": 11.528841, "activity_lines": [ 302.828611, 300.523355, 298.180755, 299.693076 ] }, { "date": "2025-06-27", "close": 321.388885, "volume": 226285, "typical_volume": 257678.05, "trend": 303.335732, "fair_value": 357.212193, "relative_strength": -3.684994, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.332522, "energy": 30.670296, "activity_lines": [ 308.759902, 304.640115, 300.275803, 300.86966 ] }, { "date": "2025-07-04", "close": 338.882813, "volume": 293309, "typical_volume": 262369.95, "trend": 303.769575, "fair_value": 356.973423, "relative_strength": 1.40472, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.990659, "energy": 52.36959, "activity_lines": [ 319.289593, 311.401412, 303.982107, 303.16302 ] }, { "date": "2025-07-11", "close": 339.882477, "volume": 180761, "typical_volume": 261648.6, "trend": 304.370019, "fair_value": 356.750666, "relative_strength": 0.551452, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 73.361473, "energy": 71.379881, "activity_lines": [ 328.086554, 317.599269, 307.65976, 305.492885 ] }, { "date": "2025-07-18", "close": 339.882477, "volume": 230088, "typical_volume": 268219.05, "trend": 305.270341, "fair_value": 356.5119, "relative_strength": 0.28766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.896887, "energy": 75.24351, "activity_lines": [ 334.550987, 323.070105, 311.215936, 307.784011 ] }, { "date": "2025-07-25", "close": 334.884186, "volume": 151591, "typical_volume": 263618.2, "trend": 305.770815, "fair_value": 356.321143, "relative_strength": -2.380503, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.795479, "energy": 72.819817, "activity_lines": [ 336.850185, 326.723384, 314.100827, 309.694582 ] }, { "date": "2025-08-01", "close": 333.884552, "volume": 493571, "typical_volume": 276998.75, "trend": 306.737764, "fair_value": 356.155998, "relative_strength": -1.866587, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.230678, "energy": 64.799493, "activity_lines": [ 336.483647, 329.377014, 316.780939, 311.508371 ] }, { "date": "2025-08-08", "close": 319.889374, "volume": 117644, "typical_volume": 259221.6, "trend": 307.271528, "fair_value": 355.86912, "relative_strength": -5.890956, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.482091, "energy": 36.315416, "activity_lines": [ 330.619004, 328.922624, 317.951961, 312.356862 ] }, { "date": "2025-08-15", "close": 309.393005, "volume": 80495, "typical_volume": 250261.6, "trend": 307.65533, "fair_value": 355.556584, "relative_strength": -8.865363, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.237122, "energy": 17.677741, "activity_lines": [ 322.521802, 326.341696, 318.013843, 312.493732 ] }, { "date": "2025-08-22", "close": 296.897308, "volume": 394933, "typical_volume": 243279.45, "trend": 307.55597, "fair_value": 355.202371, "relative_strength": -13.694935, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.198006, "energy": 14.604217, "activity_lines": [ 312.291998, 321.407035, 316.783313, 311.799666 ] }, { "date": "2025-08-29", "close": 307.893524, "volume": 183006, "typical_volume": 241257.8, "trend": 307.689872, "fair_value": 354.870617, "relative_strength": -8.720535, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.574255, "energy": 20.3849, "activity_lines": [ 308.593278, 318.57165, 316.56672, 311.821444 ] }, { "date": "2025-09-05", "close": 302.395416, "volume": 136433, "typical_volume": 243613.5, "trend": 307.440584, "fair_value": 354.583669, "relative_strength": -10.081421, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.430231, "energy": 21.844884, "activity_lines": [ 304.861232, 314.591206, 315.697971, 311.479866 ] }, { "date": "2025-09-12", "close": 299.896301, "volume": 161335, "typical_volume": 213981.15, "trend": 307.008034, "fair_value": 354.24868, "relative_strength": -11.203884, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.916447, "energy": 22.260843, "activity_lines": [ 302.395424, 310.501713, 314.541229, 310.993138 ] }, { "date": "2025-09-19", "close": 299.896301, "volume": 214010, "typical_volume": 219149.15, "trend": 306.525503, "fair_value": 353.865662, "relative_strength": -10.276971, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.594236, "energy": 22.520914, "activity_lines": [ 301.262488, 307.121065, 313.374966, 310.534316 ] }, { "date": "2025-09-26", "close": 293.898376, "volume": 184562, "typical_volume": 224730.3, "trend": 306.359498, "fair_value": 353.508235, "relative_strength": -12.345412, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.027175, "energy": 28.028895, "activity_lines": [ 298.763356, 303.376907, 311.637472, 309.719663 ] }, { "date": "2025-10-03", "close": 302.395416, "volume": 212065, "typical_volume": 229839.5, "trend": 306.043571, "fair_value": 353.173257, "relative_strength": -11.40897, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.329097, "energy": 20.855742, "activity_lines": [ 299.2965, 302.01374, 310.690179, 309.463916 ] }, { "date": "2025-10-10", "close": 303.894897, "volume": 1716274, "typical_volume": 309288.15, "trend": 306.277424, "fair_value": 352.607741, "relative_strength": -10.112438, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.219272, "energy": 14.036194, "activity_lines": [ 300.696012, 301.513911, 309.826191, 309.325292 ] }, { "date": "2025-10-17", "close": 299.396484, "volume": 656117, "typical_volume": 330255.4, "trend": 306.36073, "fair_value": 351.93334, "relative_strength": -10.498563, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.697727, "energy": 16.055476, "activity_lines": [ 300.496087, 300.741455, 308.529022, 308.88136 ] }, { "date": "2025-10-24", "close": 299.896301, "volume": 296249, "typical_volume": 339305.5, "trend": 306.760592, "fair_value": 351.229833, "relative_strength": -12.812771, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.58364, "energy": 9.78206, "activity_lines": [ 300.496089, 300.432473, 307.319917, 308.4643 ] }, { "date": "2025-10-31", "close": 294.950897, "volume": 197816, "typical_volume": 343133.95, "trend": 306.928962, "fair_value": 350.302483, "relative_strength": -14.297394, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.584071, "energy": 15.578076, "activity_lines": [ 298.847623, 299.396994, 305.663622, 307.702384 ] }, { "date": "2025-11-07", "close": 289.951752, "volume": 260756, "typical_volume": 319365.0, "trend": 307.230592, "fair_value": 349.407135, "relative_strength": -14.75354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.697857, "energy": 34.79021, "activity_lines": [ 295.462608, 297.487969, 303.566669, 306.60708 ] }, { "date": "2025-11-14", "close": 303.949402, "volume": 897024, "typical_volume": 352901.95, "trend": 307.632269, "fair_value": 348.665562, "relative_strength": -10.142383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.255948, "energy": 24.704496, "activity_lines": [ 297.573053, 298.450185, 302.85018, 306.395391 ] }, { "date": "2025-11-21", "close": 291.951416, "volume": 253327, "typical_volume": 350902.85, "trend": 307.434083, "fair_value": 347.84708, "relative_strength": -11.936049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.608216, "energy": 31.941543, "activity_lines": [ 295.680536, 297.202694, 301.074071, 305.383723 ] }, { "date": "2025-11-28", "close": 286.95224, "volume": 354544, "typical_volume": 359592.0, "trend": 307.002614, "fair_value": 346.958123, "relative_strength": -14.647977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.007399, "energy": 37.387296, "activity_lines": [ 292.617965, 295.190715, 299.045332, 304.062314 ] }, { "date": "2025-12-05", "close": 286.452332, "volume": 101637, "typical_volume": 353169.45, "trend": 306.887699, "fair_value": 346.142817, "relative_strength": -13.865916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.442514, "energy": 34.668568, "activity_lines": [ 290.251695, 293.323191, 297.221032, 302.736489 ] }, { "date": "2025-12-12", "close": 278.953583, "volume": 193726, "typical_volume": 355276.2, "trend": 306.522826, "fair_value": 345.321073, "relative_strength": -15.498133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.235487, "energy": 51.535112, "activity_lines": [ 285.952413, 290.22764, 294.936995, 300.934288 ] }, { "date": "2025-12-19", "close": 269.955078, "volume": 184882, "typical_volume": 339841.75, "trend": 305.42482, "fair_value": 344.361588, "relative_strength": -19.761106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.684603, "energy": 61.184967, "activity_lines": [ 279.386841, 285.922212, 292.062293, 298.575078 ] }, { "date": "2025-12-26", "close": 279.9534, "volume": 1687250, "typical_volume": 418322.05, "trend": 304.493482, "fair_value": 343.562266, "relative_strength": -16.04715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.986231, "energy": 54.115929, "activity_lines": [ 278.420331, 284.051749, 290.444239, 296.931761 ] }, { "date": "2026-01-02", "close": 283.952728, "volume": 37117, "typical_volume": 416153.15, "trend": 303.795421, "fair_value": 342.737342, "relative_strength": -15.123358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.268019, "energy": 45.34657, "activity_lines": [ 279.586798, 283.261946, 289.397245, 295.606551 ] }, { "date": "2026-01-09", "close": 274.454315, "volume": 529670, "typical_volume": 422890.0, "trend": 302.864051, "fair_value": 341.854734, "relative_strength": -18.916968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.70026, "energy": 40.305042, "activity_lines": [ 277.787095, 281.035043, 287.566783, 293.713576 ] }, { "date": "2026-01-16", "close": 274.454315, "volume": 317349, "typical_volume": 429607.15, "trend": 302.015985, "fair_value": 340.972125, "relative_strength": -19.413411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.964327, "energy": 33.721415, "activity_lines": [ 276.78726, 279.180805, 285.843194, 291.88069 ] }, { "date": "2026-01-23", "close": 269.955078, "volume": 416669, "typical_volume": 443618.95, "trend": 300.301525, "fair_value": 340.140734, "relative_strength": -19.614205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.066716, "energy": 35.635541, "activity_lines": [ 274.58763, 276.790295, 283.850339, 289.812244 ] }, { "date": "2026-01-30", "close": 279.9534, "volume": 299897, "typical_volume": 450547.05, "trend": 298.337211, "fair_value": 339.373434, "relative_strength": -16.920943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.629198, "energy": 32.1451, "activity_lines": [ 275.720774, 276.835741, 282.964184, 288.499462 ] }, { "date": "2026-02-06", "close": 282.452972, "volume": 208157, "typical_volume": 450254.4, "trend": 296.422894, "fair_value": 338.622157, "relative_strength": -16.955823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.022986, "energy": 24.171944, "activity_lines": [ 277.687109, 277.5538, 282.411049, 287.474673 ] }, { "date": "2026-02-13", "close": 283.952728, "volume": 271110, "typical_volume": 454581.8, "trend": 294.558569, "fair_value": 338.104658, "relative_strength": -16.704774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.055147, "energy": 19.529194, "activity_lines": [ 280.253347, 278.626347, 282.083812, 286.670146 ] }, { "date": "2026-02-20", "close": 280.953247, "volume": 285270, "typical_volume": 458242.05, "trend": 292.760871, "fair_value": 337.548717, "relative_strength": -18.961074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.741829, "energy": 16.123524, "activity_lines": [ 281.186529, 279.198981, 281.51827, 285.792383 ] }, { "date": "2026-02-27", "close": 285.952393, "volume": 272566, "typical_volume": 386056.65, "trend": 291.163133, "fair_value": 337.012013, "relative_strength": -18.838905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.222864, "energy": 14.615766, "activity_lines": [ 283.352832, 280.644193, 281.530943, 285.353126 ] }, { "date": "2026-03-06", "close": 274.954224, "volume": 479197, "typical_volume": 377210.65, "trend": 289.665294, "fair_value": 336.34076, "relative_strength": -16.756107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.378817, "energy": 14.702429, "activity_lines": [ 280.786591, 279.798878, 280.581612, 284.30739 ] }, { "date": "2026-03-13", "close": 251.0, "volume": 274927, "typical_volume": 376144.55, "trend": 287.718861, "fair_value": 335.519158, "relative_strength": -23.377975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.12368, "energy": 43.536273, "activity_lines": [ 270.568886, 274.689144, 277.467317, 281.812855 ] }, { "date": "2026-03-20", "close": 245.0, "volume": 1450775, "typical_volume": 438792.5, "trend": 285.988951, "fair_value": 334.787084, "relative_strength": -22.172208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.443917, "energy": 66.168142, "activity_lines": [ 260.448047, 269.08764, 274.014434, 279.0568 ] }, { "date": "2026-03-27", "close": 242.0, "volume": 366338, "typical_volume": 444071.6, "trend": 283.7925, "fair_value": 333.971731, "relative_strength": -23.085875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.483345, "energy": 75.987196, "activity_lines": [ 251.924056, 263.476216, 270.513698, 276.218803 ] }, { "date": "2026-04-03", "close": 254.0, "volume": 431742, "typical_volume": 420807.5, "trend": 282.179319, "fair_value": 333.217287, "relative_strength": -22.347822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.046221, "energy": 72.793588, "activity_lines": [ 249.996948, 260.636688, 268.384161, 274.296706 ] }, { "date": "2026-04-10", "close": 270.0, "volume": 278303, "typical_volume": 422056.3, "trend": 281.182776, "fair_value": 332.667888, "relative_strength": -18.243325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.203858, "energy": 56.009668, "activity_lines": [ 255.533333, 260.996343, 268.016287, 273.510944 ] }, { "date": "2026-04-17", "close": 266.0, "volume": 175784, "typical_volume": 413118.3, "trend": 280.052899, "fair_value": 332.067227, "relative_strength": -19.4472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.468241, "energy": 31.448308, "activity_lines": [ 260.066667, 260.809696, 267.371992, 272.53141 ] }, { "date": "2026-04-24", "close": 260.0, "volume": 296915, "typical_volume": 422882.2, "trend": 278.922953, "fair_value": 331.46013, "relative_strength": -18.551964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.841398, "energy": 19.048787, "activity_lines": [ 261.6, 259.831286, 266.25604, 271.237674 ] }, { "date": "2026-05-01", "close": 250.0, "volume": 278078, "typical_volume": 427099.8, "trend": 277.176439, "fair_value": 330.78893, "relative_strength": -21.038284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.659932, "energy": 22.256756, "activity_lines": [ 258.8, 257.470197, 264.313671, 269.371677 ] }, { "date": "2026-05-08", "close": 260.0, "volume": 363172, "typical_volume": 436014.3, "trend": 275.713276, "fair_value": 330.149807, "relative_strength": -16.383806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.156224, "energy": 20.664077, "activity_lines": [ 258.8, 257.490077, 263.461558, 268.26352 ] }, { "date": "2026-05-15", "close": 260.0, "volume": 227003, "typical_volume": 363001.95, "trend": 274.40006, "fair_value": 329.497875, "relative_strength": -15.654023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.094929, "energy": 21.403462, "activity_lines": [ 258.4, 257.981818, 262.656849, 267.24976 ] }, { "date": "2026-05-22", "close": 265.0, "volume": 210615, "typical_volume": 371676.85, "trend": 273.23685, "fair_value": 328.852375, "relative_strength": -15.752086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.664438, "energy": 18.034623, "activity_lines": [ 260.333333, 259.654545, 262.423347, 266.643305 ] }, { "date": "2026-05-29", "close": 275.0, "volume": 157192, "typical_volume": 353052.95, "trend": 272.57182, "fair_value": 328.238952, "relative_strength": -11.603245, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.155279, "energy": 10.598765, "activity_lines": [ 265.666667, 262.890909, 263.232477, 266.757056 ] }, { "date": "2026-06-05", "close": 261.0, "volume": 139228, "typical_volume": 344146.9, "trend": 271.606762, "fair_value": 327.548596, "relative_strength": -15.261598, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.886234, "energy": 11.59429, "activity_lines": [ 265.333333, 263.036364, 262.705676, 266.010487 ] }, { "date": "2026-06-12", "close": 260.0, "volume": 48973, "typical_volume": 325762.1, "trend": 270.141782, "fair_value": 326.839019, "relative_strength": -15.913115, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.867173, "energy": 11.476505, "activity_lines": [ 263.933333, 262.654545, 262.147704, 265.261664 ] }, { "date": "2026-06-19", "close": 255.0, "volume": 35291, "typical_volume": 312531.8, "trend": 268.910068, "fair_value": 326.033341, "relative_strength": -16.144812, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.484356, "energy": 15.556052, "activity_lines": [ 260.866667, 261.254545, 261.160947, 264.284775 ] }, { "date": "2026-06-26", "close": 256.0, "volume": 18801, "typical_volume": 303064.0, "trend": 267.878326, "fair_value": 325.278909, "relative_strength": -16.308061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.399996, "energy": 28.744846, "activity_lines": [ 258.466667, 260.309091, 260.388254, 263.451867 ] }, { "date": "2026-07-03", "close": 264.0, "volume": 33749, "typical_volume": 291195.95, "trend": 267.129915, "fair_value": 324.562948, "relative_strength": -14.299735, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.739714, "energy": 20.537173, "activity_lines": [ 259.333333, 261.0, 260.503432, 263.201653 ] }, { "date": "2026-07-10", "close": 261.0, "volume": 139860, "typical_volume": 283925.45, "trend": 266.531463, "fair_value": 323.840567, "relative_strength": -13.044754, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.086527, "energy": 17.804209, "activity_lines": [ 259.933333, 261.072727, 260.427909, 262.806174 ] }, { "date": "2026-07-17", "close": 256.0, "volume": 158047, "typical_volume": 278199.5, "trend": 266.066293, "fair_value": 323.047704, "relative_strength": -14.757659, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.936361, "energy": 18.327061, "activity_lines": [ 258.866667, 260.036364, 259.971211, 262.126725 ] }, { "date": "2026-07-24", "close": 256.0, "volume": 132576, "typical_volume": 260868.45, "trend": 265.267847, "fair_value": 322.286867, "relative_strength": -15.093901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.969733, "energy": 19.785647, "activity_lines": [ 258.066667, 259.072727, 259.657143, 261.477287 ] }, { "date": "2026-07-31", "close": 253.0, "volume": 254005, "typical_volume": 259822.35, "trend": 264.236089, "fair_value": 321.506798, "relative_strength": -16.331598, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.007755, "energy": 27.167734, "activity_lines": [ 256.2, 257.636364, 259.147619, 260.685813 ] }, { "date": "2026-08-07", "close": 255.0, "volume": 269231, "typical_volume": 200745.15, "trend": 263.587612, "fair_value": 320.739551, "relative_strength": -15.235478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.000773, "energy": 31.115364, "activity_lines": [ 255.2, 256.781818, 258.819048, 260.089936 ] } ], "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." } } }