{ "ticker": { "uuid": "c5158053-861f-450d-93b8-c5028d43e145", "symbol": "ADB", "name": "Adobe Inc.", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "mixed", "architecture_direction": 32.367, "architecture_energy": 30.593, "architecture_maturity": 100.0, "architecture_confidence": 54.178, "architecture_tenure": "Extended", "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": 51.0, "rotation_up": 59.93, "upward_expansion": 33.38, "deceleration": 46.9, "rotation_down": 14.29, "downward_expansion": 19.71 }, "activity_lines": [ 213.005336, 202.430184, 201.94043, 205.096754 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 229.800003, "trend_reference": 212.520334, "distance_from_trend": 0.081308, "trend_direction": "Weakening", "fair_value": 384.173462, "distance_from_fair_value": -0.401833, "fair_value_direction": "Improving", "relative_strength": -14.351605, "relative_strength_direction": "Improving", "price_momentum": 0.011889, "excess_performance": -0.052751, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081308, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.127031, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.401833, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.07089, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.143516, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.106587, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.011889, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.442824, "read": "Demand-led" } ], "volume": { "latest": 41272, "relative_activity": 1.730787, "balance": 1.442824, "dry_up": 1.943214, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.08172, "annualized_volatility": 0.465455, "from_high_reference": -0.272785, "from_low_reference": 0.350335 }, "levels": { "trend_reference": 212.520334, "fair_value_reference": 384.173462, "structural_low": 170.179993, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 36, "median_return": -0.016679, "positive_rate": 0.388889, "directional_follow_through": 0.611111, "median_excess_return": -0.027821, "regime_survival": 0.888889, "best_return": 0.280248, "worst_return": -0.164759, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.044158, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.089664, "regime_survival": 0.75, "best_return": 0.184904, "worst_return": -0.219594, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.166925, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.140558, "regime_survival": 0.571429, "best_return": 0.483499, "worst_return": -0.23319, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.291413, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.334191, "regime_survival": 0.75, "best_return": 0.738545, "worst_return": -0.355538, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-01", "end": "2024-03-08", "tenure": "New", "return": -0.029874, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-15", "end": "2024-03-29", "tenure": "New", "return": 0.032659, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-05", "end": "2024-06-28", "tenure": "Established", "return": 0.150737, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-05", "end": "2024-08-09", "tenure": "Developing", "return": -0.079721, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.027291, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-09-13", "tenure": "New", "return": -0.051363, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-10-04", "tenure": "New", "return": -0.007763, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-11", "end": "2024-11-22", "tenure": "Developing", "return": 0.073449, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2024-12-27", "tenure": "Developing", "return": -0.129049, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-09-19", "tenure": "Extended", "return": -0.254292, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-09-26", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2025-12-19", "tenure": "Developing", "return": 0.018276, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": -0.146252, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-08-07", "tenure": "Extended", "return": -0.102694, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 466.200012, "volume": 7805, "typical_volume": 7202.05, "trend": 383.498333, "fair_value": 412.357371, "relative_strength": 24.432682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.898964, "energy": 59.949313, "activity_lines": [ 469.933339, 465.605458, 437.652858, 412.636559 ] }, { "date": "2023-08-25", "close": 481.200012, "volume": 2464, "typical_volume": 6724.2, "trend": 388.296666, "fair_value": 412.67564, "relative_strength": 27.88806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.886462, "energy": 61.521562, "activity_lines": [ 473.206675, 469.229096, 444.624288, 418.939893 ] }, { "date": "2023-09-01", "close": 521.0, "volume": 4148, "typical_volume": 6666.2, "trend": 393.798333, "fair_value": 413.391025, "relative_strength": 36.220265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.664172, "energy": 69.688959, "activity_lines": [ 489.140006, 479.71455, 454.751431, 427.501399 ] }, { "date": "2023-09-08", "close": 525.799988, "volume": 3142, "typical_volume": 6525.85, "trend": 399.773333, "fair_value": 414.16282, "relative_strength": 37.969871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.671598, "energy": 86.866496, "activity_lines": [ 503.5, 489.614547, 464.490001, 436.017635 ] }, { "date": "2023-09-15", "close": 494.0, "volume": 6592, "typical_volume": 6635.9, "trend": 405.091666, "fair_value": 414.824358, "relative_strength": 27.565711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.75929, "energy": 81.641846, "activity_lines": [ 504.319999, 492.318183, 470.336192, 442.096774 ] }, { "date": "2023-09-22", "close": 485.5, "volume": 8968, "typical_volume": 6858.75, "trend": 411.124999, "fair_value": 415.308653, "relative_strength": 27.352519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.030513, "energy": 68.832681, "activity_lines": [ 500.273332, 492.556365, 474.631906, 447.284409 ] }, { "date": "2023-09-29", "close": 484.200012, "volume": 6732, "typical_volume": 7099.05, "trend": 416.535, "fair_value": 415.745832, "relative_strength": 27.660032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.938604, "energy": 54.073588, "activity_lines": [ 494.506669, 492.149094, 477.983335, 451.998926 ] }, { "date": "2023-10-06", "close": 493.100006, "volume": 3594, "typical_volume": 7139.45, "trend": 422.483333, "fair_value": 416.195512, "relative_strength": 30.510816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.633035, "energy": 37.750638, "activity_lines": [ 491.506671, 493.140003, 481.346669, 456.938604 ] }, { "date": "2023-10-13", "close": 523.400024, "volume": 5558, "typical_volume": 7158.65, "trend": 428.821667, "fair_value": 416.80032, "relative_strength": 37.81599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.854779, "energy": 49.212136, "activity_lines": [ 500.466679, 499.281825, 486.856671, 463.449358 ] }, { "date": "2023-10-20", "close": 507.799988, "volume": 8288, "typical_volume": 7202.9, "trend": 434.260001, "fair_value": 417.435576, "relative_strength": 36.1491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.221762, "energy": 45.174816, "activity_lines": [ 504.386672, 501.829095, 490.197622, 468.544733 ] }, { "date": "2023-10-27", "close": 485.899994, "volume": 6167, "typical_volume": 6979.55, "trend": 438.730001, "fair_value": 418.079807, "relative_strength": 30.42068, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.800913, "energy": 39.103236, "activity_lines": [ 500.086668, 499.589093, 490.974764, 471.876346 ] }, { "date": "2023-11-03", "close": 527.200012, "volume": 6226, "typical_volume": 6373.35, "trend": 444.706668, "fair_value": 418.804486, "relative_strength": 35.43689, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.37166, "energy": 48.547377, "activity_lines": [ 509.52667, 504.500004, 495.40048, 477.584089 ] }, { "date": "2023-11-10", "close": 550.200012, "volume": 4191, "typical_volume": 6066.0, "trend": 451.600002, "fair_value": 419.816986, "relative_strength": 39.544718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.837676, "energy": 53.977865, "activity_lines": [ 523.766673, 512.756369, 501.699528, 484.390111 ] }, { "date": "2023-11-17", "close": 553.200012, "volume": 6364, "typical_volume": 6035.75, "trend": 458.560003, "fair_value": 420.826281, "relative_strength": 33.033173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.290682, "energy": 62.573904, "activity_lines": [ 535.200008, 521.02728, 507.763339, 490.94495 ] }, { "date": "2023-11-24", "close": 563.799988, "volume": 5382, "typical_volume": 6004.4, "trend": 466.073336, "fair_value": 421.87532, "relative_strength": 33.355396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.386959, "energy": 81.298979, "activity_lines": [ 548.180003, 530.727277, 514.335718, 497.734627 ] }, { "date": "2023-12-01", "close": 557.200012, "volume": 5606, "typical_volume": 5949.75, "trend": 474.206669, "fair_value": 422.88782, "relative_strength": 27.741265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.859778, "energy": 80.415829, "activity_lines": [ 555.226672, 537.958187, 519.706195, 503.613767 ] }, { "date": "2023-12-08", "close": 561.400024, "volume": 7371, "typical_volume": 6006.75, "trend": 482.630003, "fair_value": 423.987179, "relative_strength": 24.887663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.000779, "energy": 75.405849, "activity_lines": [ 558.920011, 544.649099, 525.028102, 509.239145 ] }, { "date": "2023-12-15", "close": 536.799988, "volume": 18857, "typical_volume": 6605.4, "trend": 489.260003, "fair_value": 424.827564, "relative_strength": 18.709175, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.524155, "energy": 50.201667, "activity_lines": [ 552.133337, 545.463641, 527.58191, 512.733983 ] }, { "date": "2023-12-22", "close": 542.799988, "volume": 11649, "typical_volume": 6658.35, "trend": 494.690002, "fair_value": 425.66891, "relative_strength": 19.529888, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.836533, "energy": 41.3686, "activity_lines": [ 548.239998, 546.574547, 530.405241, 516.188175 ] }, { "date": "2023-12-29", "close": 538.599976, "volume": 2537, "typical_volume": 6582.05, "trend": 499.063335, "fair_value": 426.490063, "relative_strength": 17.476866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.652478, "energy": 29.783799, "activity_lines": [ 543.63999, 546.569088, 532.53762, 519.021077 ] }, { "date": "2024-01-05", "close": 517.400024, "volume": 5700, "typical_volume": 6476.8, "trend": 502.106669, "fair_value": 427.284294, "relative_strength": 13.141358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.40517, "energy": 19.807983, "activity_lines": [ 533.653333, 542.149092, 532.293336, 520.204089 ] }, { "date": "2024-01-12", "close": 542.599976, "volume": 4838, "typical_volume": 6595.5, "trend": 504.840001, "fair_value": 428.321474, "relative_strength": 16.905873, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.277146, "energy": 18.993819, "activity_lines": [ 534.719991, 541.738178, 534.205238, 522.81656 ] }, { "date": "2024-01-19", "close": 548.0, "volume": 5243, "typical_volume": 6650.25, "trend": 508.413335, "fair_value": 429.334615, "relative_strength": 18.194565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.719949, "energy": 19.631415, "activity_lines": [ 538.839994, 542.029087, 536.339048, 525.601076 ] }, { "date": "2024-01-26", "close": 570.400024, "volume": 5231, "typical_volume": 6754.7, "trend": 512.493336, "fair_value": 430.579807, "relative_strength": 19.149028, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.995345, "energy": 36.243616, "activity_lines": [ 549.680005, 546.432728, 540.477621, 529.600218 ] }, { "date": "2024-02-02", "close": 587.0, "volume": 4327, "typical_volume": 6641.45, "trend": 517.280003, "fair_value": 431.736217, "relative_strength": 21.957537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.91122, "energy": 68.764789, "activity_lines": [ 564.213338, 553.541819, 545.984764, 534.407099 ] }, { "date": "2024-02-09", "close": 576.400024, "volume": 4214, "typical_volume": 6403.75, "trend": 521.060004, "fair_value": 432.804487, "relative_strength": 18.780111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.874325, "energy": 72.055418, "activity_lines": [ 571.986678, 558.301823, 550.039528, 538.221294 ] }, { "date": "2024-02-16", "close": 521.799988, "volume": 6378, "typical_volume": 6386.05, "trend": 522.71667, "fair_value": 433.578525, "relative_strength": 5.699428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.384513, "energy": 36.678373, "activity_lines": [ 557.626672, 552.785457, 548.461431, 538.269035 ] }, { "date": "2024-02-23", "close": 509.399994, "volume": 15376, "typical_volume": 6975.15, "trend": 523.91667, "fair_value": 434.375961, "relative_strength": 0.779461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.450763, "energy": 7.331107, "activity_lines": [ 540.520001, 545.734547, 545.523335, 537.409895 ] }, { "date": "2024-03-01", "close": 522.200012, "volume": 3746, "typical_volume": 6884.55, "trend": 525.26667, "fair_value": 435.422115, "relative_strength": 0.885416, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.267211, "energy": 16.238508, "activity_lines": [ 530.253337, 541.509095, 543.726669, 537.299142 ] }, { "date": "2024-03-08", "close": 506.600006, "volume": 8612, "typical_volume": 6900.75, "trend": 526.703337, "fair_value": 436.278525, "relative_strength": -3.078454, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.734737, "energy": 33.81883, "activity_lines": [ 518.000004, 534.821823, 540.450003, 536.094842 ] }, { "date": "2024-03-15", "close": 450.100006, "volume": 15650, "typical_volume": 7374.9, "trend": 526.16667, "fair_value": 436.788782, "relative_strength": -14.615792, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.676704, "energy": 65.291131, "activity_lines": [ 492.273338, 518.443641, 531.798098, 531.152691 ] }, { "date": "2024-03-22", "close": 463.399994, "volume": 8868, "typical_volume": 7507.0, "trend": 525.573336, "fair_value": 437.2625, "relative_strength": -13.529448, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.523028, "energy": 71.355191, "activity_lines": [ 479.400002, 505.707276, 524.583335, 527.103228 ] }, { "date": "2024-03-29", "close": 464.799988, "volume": 4956, "typical_volume": 7545.25, "trend": 523.700002, "fair_value": 437.616987, "relative_strength": -14.75834, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.467297, "energy": 80.368348, "activity_lines": [ 470.886664, 494.665455, 517.805715, 523.182367 ] }, { "date": "2024-04-05", "close": 447.799988, "volume": 3432, "typical_volume": 7398.65, "trend": 521.100002, "fair_value": 437.782371, "relative_strength": -16.568634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.437845, "energy": 84.559005, "activity_lines": [ 459.679993, 482.045452, 509.815714, 518.285592 ] }, { "date": "2024-04-12", "close": 444.450012, "volume": 4172, "typical_volume": 7338.15, "trend": 519.448336, "fair_value": 437.844551, "relative_strength": -16.229734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.640892, "energy": 82.461106, "activity_lines": [ 452.316665, 471.045454, 502.008572, 513.340431 ] }, { "date": "2024-04-19", "close": 438.700012, "volume": 20032, "typical_volume": 8059.45, "trend": 517.888336, "fair_value": 437.925961, "relative_strength": -16.579204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.776106, "energy": 78.747755, "activity_lines": [ 447.180003, 461.59182, 494.222145, 508.130862 ] }, { "date": "2024-04-26", "close": 448.5, "volume": 4231, "typical_volume": 7902.45, "trend": 516.698336, "fair_value": 438.092628, "relative_strength": -16.890741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.704862, "energy": 71.32257, "activity_lines": [ 446.070003, 456.423638, 487.933335, 503.654195 ] }, { "date": "2024-05-03", "close": 448.549988, "volume": 2061, "typical_volume": 7062.65, "trend": 515.213335, "fair_value": 438.365384, "relative_strength": -16.431777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.321183, "energy": 56.915292, "activity_lines": [ 445.969999, 452.597272, 482.186905, 499.257528 ] }, { "date": "2024-05-10", "close": 448.950012, "volume": 4387, "typical_volume": 6699.55, "trend": 512.731668, "fair_value": 438.675961, "relative_strength": -20.026536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.633118, "energy": 51.723731, "activity_lines": [ 447.08667, 449.950001, 476.898811, 494.982475 ] }, { "date": "2024-05-17", "close": 444.549988, "volume": 8460, "typical_volume": 6995.7, "trend": 510.623335, "fair_value": 438.952884, "relative_strength": -20.673951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.060279, "energy": 51.398105, "activity_lines": [ 446.659998, 447.834544, 471.638572, 490.583656 ] }, { "date": "2024-05-24", "close": 444.0, "volume": 3235, "typical_volume": 6872.45, "trend": 509.226668, "fair_value": 439.127564, "relative_strength": -20.72445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.596918, "energy": 50.080878, "activity_lines": [ 446.043331, 446.747272, 466.77381, 486.285377 ] }, { "date": "2024-05-31", "close": 402.5, "volume": 11883, "typical_volume": 7224.7, "trend": 505.070001, "fair_value": 439.04423, "relative_strength": -27.20572, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.079222, "energy": 66.359181, "activity_lines": [ 431.239998, 438.225454, 458.306191, 479.399785 ] }, { "date": "2024-06-07", "close": 430.850006, "volume": 7700, "typical_volume": 7347.55, "trend": 501.091668, "fair_value": 438.947115, "relative_strength": -22.152418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.64, "energy": 61.575079, "activity_lines": [ 428.953335, 435.965455, 453.205715, 474.611399 ] }, { "date": "2024-06-14", "close": 490.600006, "volume": 19120, "typical_volume": 8042.0, "trend": 499.005001, "fair_value": 439.052884, "relative_strength": -8.569078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.853466, "energy": 31.121459, "activity_lines": [ 447.763336, 445.186365, 454.353572, 473.934517 ] }, { "date": "2024-06-21", "close": 494.700012, "volume": 22456, "typical_volume": 8948.45, "trend": 496.701668, "fair_value": 439.108974, "relative_strength": -8.588747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.26757, "energy": 12.902993, "activity_lines": [ 465.16334, 454.374549, 456.271907, 473.656776 ] }, { "date": "2024-06-28", "close": 515.299988, "volume": 8395, "typical_volume": 9157.5, "trend": 495.305001, "fair_value": 439.213141, "relative_strength": -5.189335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 20.355788, "energy": 34.996847, "activity_lines": [ 486.086668, 466.394546, 460.591667, 474.856668 ] }, { "date": "2024-07-05", "close": 530.599976, "volume": 5080, "typical_volume": 9092.6, "trend": 494.278333, "fair_value": 439.360576, "relative_strength": -3.661243, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.790333, "energy": 53.880316, "activity_lines": [ 507.356659, 479.803633, 466.659522, 477.133763 ] }, { "date": "2024-07-12", "close": 513.799988, "volume": 8212, "typical_volume": 8734.4, "trend": 493.511666, "fair_value": 439.36891, "relative_strength": -7.988877, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.581141, "energy": 64.097183, "activity_lines": [ 514.486656, 488.665449, 471.085473, 478.393224 ] }, { "date": "2024-07-19", "close": 509.799988, "volume": 4898, "typical_volume": 8792.0, "trend": 492.411666, "fair_value": 439.201602, "relative_strength": -5.741452, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.20802, "energy": 63.56813, "activity_lines": [ 514.753321, 495.613629, 475.10952, 479.444084 ] }, { "date": "2024-07-26", "close": 497.0, "volume": 7574, "typical_volume": 8740.1, "trend": 491.025, "fair_value": 439.036217, "relative_strength": -9.230444, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.383569, "energy": 43.501823, "activity_lines": [ 509.473324, 499.128176, 477.973568, 479.740105 ] }, { "date": "2024-08-02", "close": 478.600006, "volume": 7302, "typical_volume": 8322.7, "trend": 489.731666, "fair_value": 438.68173, "relative_strength": -8.664644, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 13.649934, "energy": 16.719961, "activity_lines": [ 497.906663, 498.343632, 479.13095, 478.938493 ] }, { "date": "2024-08-09", "close": 488.299988, "volume": 8843, "typical_volume": 8321.45, "trend": 487.921666, "fair_value": 438.358012, "relative_strength": -7.033845, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 7.667858, "energy": 8.787146, "activity_lines": [ 492.019995, 498.69363, 481.076425, 478.846127 ] }, { "date": "2024-08-16", "close": 502.0, "volume": 1980, "typical_volume": 8172.65, "trend": 486.388333, "fair_value": 438.018268, "relative_strength": -7.400416, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 8.214049, "energy": 10.256476, "activity_lines": [ 493.519997, 499.97454, 484.208092, 479.754406 ] }, { "date": "2024-08-23", "close": 497.850006, "volume": 3597, "typical_volume": 8180.9, "trend": 483.969999, "fair_value": 437.637179, "relative_strength": -9.458019, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 6.1821, "energy": 8.568167, "activity_lines": [ 494.423334, 499.207269, 486.767378, 480.493869 ] }, { "date": "2024-08-30", "close": 515.700012, "volume": 3645, "typical_volume": 8154.55, "trend": 481.593333, "fair_value": 437.316666, "relative_strength": -7.230545, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.101529, "energy": 31.390707, "activity_lines": [ 502.073338, 501.553636, 490.788332, 482.540966 ] }, { "date": "2024-09-06", "close": 506.200012, "volume": 3284, "typical_volume": 7317.15, "trend": 479.253333, "fair_value": 436.98141, "relative_strength": -5.574346, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.063791, "energy": 34.696784, "activity_lines": [ 505.310008, 501.790912, 493.565238, 484.128494 ] }, { "date": "2024-09-13", "close": 480.200012, "volume": 6960, "typical_volume": 7453.6, "trend": 477.866667, "fair_value": 436.480127, "relative_strength": -12.016446, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.613762, "energy": 23.293082, "activity_lines": [ 498.04001, 497.466369, 493.544525, 484.18957 ] }, { "date": "2024-09-20", "close": 463.75, "volume": 4525, "typical_volume": 7576.8, "trend": 476.345, "fair_value": 436.064422, "relative_strength": -14.762653, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.848341, "energy": 6.280081, "activity_lines": [ 485.826674, 491.067278, 491.806192, 483.278818 ] }, { "date": "2024-09-27", "close": 461.549988, "volume": 8403, "typical_volume": 7777.6, "trend": 474.323333, "fair_value": 435.846474, "relative_strength": -18.028704, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.738406, "energy": 16.97179, "activity_lines": [ 475.430001, 485.178184, 489.785952, 482.324301 ] }, { "date": "2024-10-04", "close": 460.149994, "volume": 4529, "typical_volume": 7581.05, "trend": 472.774999, "fair_value": 435.588461, "relative_strength": -16.307215, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.864061, "energy": 32.541272, "activity_lines": [ 466.986664, 479.911819, 487.57238, 481.409892 ] }, { "date": "2024-10-11", "close": 456.100006, "volume": 3834, "typical_volume": 7611.0, "trend": 472.974999, "fair_value": 435.140384, "relative_strength": -17.524245, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.146674, "energy": 47.637829, "activity_lines": [ 460.896665, 474.579093, 484.89881, 480.334086 ] }, { "date": "2024-10-18", "close": 458.0, "volume": 5136, "typical_volume": 7273.65, "trend": 472.794999, "fair_value": 434.566025, "relative_strength": -17.764986, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.841628, "energy": 47.695917, "activity_lines": [ 458.779999, 470.000911, 482.348572, 479.367957 ] }, { "date": "2024-10-25", "close": 447.75, "volume": 8167, "typical_volume": 7297.0, "trend": 472.226666, "fair_value": 433.852243, "relative_strength": -18.245736, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.214429, "energy": 46.633376, "activity_lines": [ 454.726666, 464.110001, 478.557857, 477.75215 ] }, { "date": "2024-11-01", "close": 446.5, "volume": 2156, "typical_volume": 6448.8, "trend": 472.183333, "fair_value": 433.024679, "relative_strength": -16.936709, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.647962, "energy": 47.295045, "activity_lines": [ 451.323334, 458.978182, 474.567619, 476.092365 ] }, { "date": "2024-11-08", "close": 463.100006, "volume": 4846, "typical_volume": 5568.3, "trend": 472.805, "fair_value": 432.32532, "relative_strength": -12.951039, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.789864, "energy": 30.727288, "activity_lines": [ 454.456669, 457.798183, 472.368334, 475.506344 ] }, { "date": "2024-11-15", "close": 475.950012, "volume": 4884, "typical_volume": 5392.75, "trend": 474.046666, "fair_value": 431.425, "relative_strength": -9.8895, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.88173, "energy": 17.069572, "activity_lines": [ 461.676672, 459.910912, 471.543336, 475.709248 ] }, { "date": "2024-11-22", "close": 489.600006, "volume": 3903, "typical_volume": 5333.9, "trend": 475.416667, "fair_value": 430.775, "relative_strength": -7.203087, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 7.776749, "energy": 9.979642, "activity_lines": [ 472.12334, 465.055458, 472.205717, 476.71269 ] }, { "date": "2024-11-29", "close": 489.350006, "volume": 2415, "typical_volume": 5044.05, "trend": 476.776667, "fair_value": 430.40032, "relative_strength": -8.100837, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.169036, "energy": 20.315145, "activity_lines": [ 480.380007, 469.983641, 473.039527, 477.611615 ] }, { "date": "2024-12-06", "close": 523.5, "volume": 4699, "typical_volume": 5034.1, "trend": 479.261667, "fair_value": 430.073397, "relative_strength": -4.816657, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 47.839589, "energy": 40.999681, "activity_lines": [ 497.246671, 480.655459, 477.242146, 480.626023 ] }, { "date": "2024-12-13", "close": 443.0, "volume": 15331, "typical_volume": 5421.95, "trend": 479.210001, "fair_value": 429.782372, "relative_strength": -18.94022, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.302746, "energy": 16.381409, "activity_lines": [ 482.146669, 475.564549, 473.71286, 478.286561 ] }, { "date": "2024-12-20", "close": 428.0, "volume": 8408, "typical_volume": 5477.25, "trend": 478.676667, "fair_value": 429.302244, "relative_strength": -18.994403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.900939, "energy": 27.524317, "activity_lines": [ 463.386668, 468.058185, 469.012146, 474.98269 ] }, { "date": "2024-12-27", "close": 426.200012, "volume": 1785, "typical_volume": 5124.35, "trend": 479.466668, "fair_value": 428.795192, "relative_strength": -19.103171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.267466, "energy": 58.811625, "activity_lines": [ 447.223338, 460.735459, 464.380956, 471.597099 ] }, { "date": "2025-01-03", "close": 416.450012, "volume": 4891, "typical_volume": 5269.9, "trend": 478.986668, "fair_value": 428.575641, "relative_strength": -20.044786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.498987, "energy": 72.378409, "activity_lines": [ 432.036674, 452.218188, 459.116909, 467.531509 ] }, { "date": "2025-01-10", "close": 398.200012, "volume": 7169, "typical_volume": 5448.5, "trend": 475.906668, "fair_value": 428.234616, "relative_strength": -24.002126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.397104, "energy": 83.226079, "activity_lines": [ 415.626676, 440.951825, 452.522148, 462.319466 ] }, { "date": "2025-01-17", "close": 414.549988, "volume": 28031, "typical_volume": 6667.8, "trend": 473.235001, "fair_value": 427.99391, "relative_strength": -22.727222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.805861, "energy": 76.753803, "activity_lines": [ 413.020003, 433.536367, 447.959051, 458.360971 ] }, { "date": "2025-01-24", "close": 418.200012, "volume": 4739, "typical_volume": 6740.55, "trend": 469.998335, "fair_value": 427.754487, "relative_strength": -23.025534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.77063, "energy": 70.740452, "activity_lines": [ 413.526672, 427.667278, 444.225242, 454.810326 ] }, { "date": "2025-01-31", "close": 423.549988, "volume": 6189, "typical_volume": 6702.0, "trend": 466.430002, "fair_value": 427.594872, "relative_strength": -22.356007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.115911, "energy": 47.150382, "activity_lines": [ 416.469999, 423.820911, 441.420003, 451.813659 ] }, { "date": "2025-02-07", "close": 423.149994, "volume": 3489, "typical_volume": 6650.2, "trend": 463.408335, "fair_value": 427.571154, "relative_strength": -21.747831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.809634, "energy": 38.914734, "activity_lines": [ 419.456663, 421.102728, 438.846431, 449.0214 ] }, { "date": "2025-02-14", "close": 438.049988, "volume": 6101, "typical_volume": 6535.1, "trend": 461.016669, "fair_value": 427.854808, "relative_strength": -20.930697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.36614, "energy": 27.141493, "activity_lines": [ 426.963326, 422.297271, 437.885239, 447.385378 ] }, { "date": "2025-02-21", "close": 430.5, "volume": 2940, "typical_volume": 6455.65, "trend": 458.800002, "fair_value": 427.960257, "relative_strength": -20.892278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.006811, "energy": 21.130728, "activity_lines": [ 429.296661, 423.672725, 436.316905, 445.41656 ] }, { "date": "2025-02-28", "close": 418.049988, "volume": 6100, "typical_volume": 6568.95, "trend": 456.781668, "fair_value": 427.980128, "relative_strength": -23.421087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.726069, "energy": 23.162664, "activity_lines": [ 426.416659, 423.011814, 433.704047, 442.787527 ] }, { "date": "2025-03-07", "close": 410.049988, "volume": 7352, "typical_volume": 6679.75, "trend": 454.173335, "fair_value": 428.125, "relative_strength": -25.753923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.688426, "energy": 32.306835, "activity_lines": [ 420.879991, 421.077266, 430.510474, 439.77258 ] }, { "date": "2025-03-14", "close": 362.0, "volume": 10643, "typical_volume": 6803.55, "trend": 449.506668, "fair_value": 427.850961, "relative_strength": -33.896107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.155752, "energy": 76.108272, "activity_lines": [ 400.22666, 410.699994, 422.969046, 433.825913 ] }, { "date": "2025-03-21", "close": 358.5, "volume": 7909, "typical_volume": 7091.2, "trend": 444.861668, "fair_value": 427.63782, "relative_strength": -33.739379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.703763, "energy": 91.135746, "activity_lines": [ 382.483329, 400.676358, 415.502617, 427.954515 ] }, { "date": "2025-03-28", "close": 357.899994, "volume": 6768, "typical_volume": 7187.3, "trend": 439.601667, "fair_value": 427.288141, "relative_strength": -32.074949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.627841, "energy": 91.501854, "activity_lines": [ 369.843329, 391.265449, 408.398093, 422.344085 ] }, { "date": "2025-04-04", "close": 325.0, "volume": 8246, "typical_volume": 7355.4, "trend": 433.561667, "fair_value": 426.720513, "relative_strength": -32.388153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.768858, "energy": 96.13176, "activity_lines": [ 351.076664, 376.902723, 398.661188, 414.950429 ] }, { "date": "2025-04-11", "close": 304.0, "volume": 13273, "typical_volume": 7823.9, "trend": 427.688333, "fair_value": 426.142948, "relative_strength": -35.399831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.668064, "energy": 96.033499, "activity_lines": [ 331.513332, 360.41636, 387.643093, 406.591612 ] }, { "date": "2025-04-18", "close": 307.799988, "volume": 3954, "typical_volume": 7900.85, "trend": 422.489999, "fair_value": 425.633974, "relative_strength": -36.618594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.452173, "energy": 92.713232, "activity_lines": [ 320.286662, 346.794541, 377.870711, 398.85688 ] }, { "date": "2025-04-25", "close": 321.799988, "volume": 5079, "typical_volume": 7919.85, "trend": 417.831666, "fair_value": 425.233974, "relative_strength": -36.276628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.170484, "energy": 85.445463, "activity_lines": [ 317.339992, 337.815449, 370.296186, 392.36075 ] }, { "date": "2025-05-02", "close": 334.899994, "volume": 3789, "typical_volume": 7342.75, "trend": 413.656666, "fair_value": 424.98814, "relative_strength": -35.539114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.34653, "energy": 66.507209, "activity_lines": [ 321.206659, 333.331812, 364.929757, 387.01032 ] }, { "date": "2025-05-09", "close": 342.350006, "volume": 4007, "typical_volume": 7122.7, "trend": 409.864999, "fair_value": 424.697756, "relative_strength": -34.741106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.749629, "energy": 59.903551, "activity_lines": [ 329.089996, 331.940905, 360.787615, 382.40989 ] }, { "date": "2025-05-16", "close": 374.350006, "volume": 8592, "typical_volume": 7463.05, "trend": 407.076666, "fair_value": 424.702884, "relative_strength": -28.955605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.910385, "energy": 36.252675, "activity_lines": [ 346.483333, 337.744543, 360.100949, 380.1186 ] }, { "date": "2025-05-23", "close": 360.850006, "volume": 7351, "typical_volume": 7586.05, "trend": 404.18, "fair_value": 424.472756, "relative_strength": -30.607663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.025266, "energy": 29.691991, "activity_lines": [ 354.68667, 341.742727, 358.375474, 377.136235 ] }, { "date": "2025-05-30", "close": 365.399994, "volume": 1742, "typical_volume": 7314.7, "trend": 401.476666, "fair_value": 424.25641, "relative_strength": -30.412704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.317339, "energy": 30.172981, "activity_lines": [ 360.870001, 346.58909, 357.348092, 374.634299 ] }, { "date": "2025-06-06", "close": 365.549988, "volume": 6805, "typical_volume": 6253.4, "trend": 398.224999, "fair_value": 424.209936, "relative_strength": -30.765887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.208841, "energy": 27.933187, "activity_lines": [ 364.196663, 351.33727, 356.491187, 372.316449 ] }, { "date": "2025-06-13", "close": 338.350006, "volume": 6229, "typical_volume": 6327.9, "trend": 393.638332, "fair_value": 424.183974, "relative_strength": -33.006604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.811063, "energy": 24.460814, "activity_lines": [ 356.413332, 351.000908, 353.27714, 368.453546 ] }, { "date": "2025-06-20", "close": 327.450012, "volume": 6768, "typical_volume": 6356.85, "trend": 388.233332, "fair_value": 423.960897, "relative_strength": -33.923022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.915377, "energy": 37.989331, "activity_lines": [ 345.263336, 348.440001, 349.405237, 364.183332 ] }, { "date": "2025-06-27", "close": 332.700012, "volume": 8659, "typical_volume": 6615.35, "trend": 383.011666, "fair_value": 423.851282, "relative_strength": -33.90734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.083751, "energy": 43.789573, "activity_lines": [ 338.990006, 346.407276, 346.490953, 360.600537 ] }, { "date": "2025-07-04", "close": 321.25, "volume": 7071, "typical_volume": 6663.85, "trend": 376.269999, "fair_value": 423.447436, "relative_strength": -34.609151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.794968, "energy": 68.918498, "activity_lines": [ 330.776672, 341.840003, 342.916905, 356.615913 ] }, { "date": "2025-07-11", "close": 313.950012, "volume": 6594, "typical_volume": 6846.55, "trend": 371.968333, "fair_value": 423.049359, "relative_strength": -36.47227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.437384, "energy": 80.295969, "activity_lines": [ 323.073342, 335.95546, 339.203811, 352.595269 ] }, { "date": "2025-07-18", "close": 313.700012, "volume": 7928, "typical_volume": 6937.95, "trend": 368.158333, "fair_value": 422.525641, "relative_strength": -35.693338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.695596, "energy": 80.149789, "activity_lines": [ 318.726676, 330.40637, 336.021908, 348.836022 ] }, { "date": "2025-07-25", "close": 317.100006, "volume": 9897, "typical_volume": 7065.2, "trend": 364.521666, "fair_value": 422.035257, "relative_strength": -33.924168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.485578, "energy": 77.088685, "activity_lines": [ 317.156675, 325.996371, 333.660718, 345.541937 ] }, { "date": "2025-08-01", "close": 303.75, "volume": 7358, "typical_volume": 6900.95, "trend": 360.764999, "fair_value": 421.288141, "relative_strength": -33.657487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.13634, "energy": 77.661937, "activity_lines": [ 311.826672, 320.200006, 330.470718, 341.621184 ] }, { "date": "2025-08-08", "close": 289.450012, "volume": 8476, "typical_volume": 6929.3, "trend": 357.139999, "fair_value": 420.385898, "relative_strength": -37.754985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.340165, "energy": 79.034927, "activity_lines": [ 303.660008, 312.841826, 326.196195, 337.020217 ] }, { "date": "2025-08-15", "close": 302.899994, "volume": 12753, "typical_volume": 7228.55, "trend": 353.418333, "fair_value": 419.608975, "relative_strength": -34.407147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.924919, "energy": 70.326636, "activity_lines": [ 302.096669, 309.310005, 323.531432, 333.520862 ] }, { "date": "2025-08-22", "close": 307.549988, "volume": 8686, "typical_volume": 7250.55, "trend": 349.729999, "fair_value": 419.082051, "relative_strength": -32.444626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.997407, "energy": 59.784833, "activity_lines": [ 302.819997, 307.762729, 321.571431, 330.561614 ] }, { "date": "2025-08-29", "close": 303.850006, "volume": 11626, "typical_volume": 7168.2, "trend": 345.739999, "fair_value": 418.603205, "relative_strength": -30.935298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.199264, "energy": 52.523251, "activity_lines": [ 302.719999, 306.102729, 319.342146, 327.601614 ] }, { "date": "2025-09-05", "close": 295.600006, "volume": 7121, "typical_volume": 7326.55, "trend": 341.488333, "fair_value": 417.984936, "relative_strength": -30.848176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.464041, "energy": 49.691166, "activity_lines": [ 300.753335, 303.371821, 316.32786, 324.366776 ] }, { "date": "2025-09-12", "close": 299.549988, "volume": 22441, "typical_volume": 8194.65, "trend": 336.871666, "fair_value": 418.019552, "relative_strength": -29.243832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.263706, "energy": 46.105137, "activity_lines": [ 300.646663, 302.033636, 313.747859, 321.661076 ] }, { "date": "2025-09-19", "close": 310.549988, "volume": 25555, "typical_volume": 9282.95, "trend": 332.873333, "fair_value": 418.123077, "relative_strength": -25.530468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.000846, "energy": 36.683678, "activity_lines": [ 303.533327, 303.089997, 312.321429, 319.962904 ] }, { "date": "2025-09-26", "close": 305.299988, "volume": 12394, "typical_volume": 9702.3, "trend": 329.114999, "fair_value": 418.225962, "relative_strength": -26.226132, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -43.737293, "energy": 32.51866, "activity_lines": [ 304.159992, 303.253631, 310.510952, 318.183978 ] }, { "date": "2025-10-03", "close": 298.200012, "volume": 14702, "typical_volume": 10007.8, "trend": 325.386667, "fair_value": 418.234936, "relative_strength": -28.903404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.628571, "energy": 32.090806, "activity_lines": [ 302.569997, 302.279088, 308.200715, 316.189463 ] }, { "date": "2025-10-10", "close": 291.700012, "volume": 12690, "typical_volume": 10274.75, "trend": 323.043334, "fair_value": 418.183654, "relative_strength": -29.147645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.839699, "energy": 39.922384, "activity_lines": [ 299.190002, 300.466364, 305.634049, 314.01613 ] }, { "date": "2025-10-17", "close": 282.75, "volume": 7841, "typical_volume": 10579.7, "trend": 320.518334, "fair_value": 418.027244, "relative_strength": -29.222228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.04871, "energy": 49.010876, "activity_lines": [ 293.08667, 297.245455, 302.544287, 311.41656 ] }, { "date": "2025-10-24", "close": 304.850006, "volume": 9417, "typical_volume": 10710.3, "trend": 318.750001, "fair_value": 417.891026, "relative_strength": -24.069074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.826432, "energy": 37.848399, "activity_lines": [ 295.470005, 298.164547, 301.952859, 310.405701 ] }, { "date": "2025-10-31", "close": 293.549988, "volume": 16769, "typical_volume": 11237.3, "trend": 317.701667, "fair_value": 417.949359, "relative_strength": -25.072869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.695317, "energy": 37.426532, "activity_lines": [ 294.466667, 296.993636, 300.574286, 308.779893 ] }, { "date": "2025-11-07", "close": 280.350006, "volume": 9346, "typical_volume": 11366.2, "trend": 316.913334, "fair_value": 417.656731, "relative_strength": -26.203812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.037431, "energy": 43.974745, "activity_lines": [ 289.846667, 293.677273, 298.151905, 306.370109 ] }, { "date": "2025-11-14", "close": 285.899994, "volume": 5774, "typical_volume": 11221.95, "trend": 316.183334, "fair_value": 417.432372, "relative_strength": -24.556978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.311814, "energy": 38.143297, "activity_lines": [ 288.266665, 291.797272, 296.482381, 304.369248 ] }, { "date": "2025-11-21", "close": 275.600006, "volume": 4388, "typical_volume": 11087.8, "trend": 314.643335, "fair_value": 417.148718, "relative_strength": -23.562325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.496617, "energy": 54.323585, "activity_lines": [ 283.64, 288.22091, 294.054762, 301.750969 ] }, { "date": "2025-11-28", "close": 277.450012, "volume": 11974, "typical_volume": 11356.8, "trend": 312.728336, "fair_value": 416.857372, "relative_strength": -24.213148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.01627, "energy": 58.541907, "activity_lines": [ 280.106671, 285.416367, 292.020715, 299.3514 ] }, { "date": "2025-12-05", "close": 297.200012, "volume": 11537, "typical_volume": 11537.25, "trend": 311.223336, "fair_value": 416.736539, "relative_strength": -18.09965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.641522, "energy": 36.095639, "activity_lines": [ 284.983341, 286.80455, 292.041431, 298.349572 ] }, { "date": "2025-12-12", "close": 305.799988, "volume": 14543, "typical_volume": 11769.55, "trend": 308.938335, "fair_value": 416.639744, "relative_strength": -15.303687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.708359, "energy": 16.29138, "activity_lines": [ 292.483335, 289.903638, 292.959763, 297.999679 ] }, { "date": "2025-12-19", "close": 303.649994, "volume": 7299, "typical_volume": 11766.6, "trend": 307.031668, "fair_value": 416.555129, "relative_strength": -15.267211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.345913, "energy": 14.693448, "activity_lines": [ 297.569999, 292.473637, 293.727143, 297.658495 ] }, { "date": "2025-12-26", "close": 300.850006, "volume": 2046, "typical_volume": 11445.1, "trend": 304.880002, "fair_value": 416.479808, "relative_strength": -15.236108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.725148, "energy": 18.245789, "activity_lines": [ 300.54, 294.317274, 294.228334, 297.259679 ] }, { "date": "2026-01-02", "close": 286.25, "volume": 3610, "typical_volume": 10987.95, "trend": 302.236669, "fair_value": 416.316026, "relative_strength": -19.016041, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.17236, "energy": 20.311154, "activity_lines": [ 296.96, 293.177274, 293.284763, 296.057743 ] }, { "date": "2026-01-09", "close": 285.799988, "volume": 15709, "typical_volume": 11339.1, "trend": 300.485002, "fair_value": 416.147436, "relative_strength": -20.566041, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.047016, "energy": 14.458461, "activity_lines": [ 292.643329, 292.293635, 292.377619, 294.997312 ] }, { "date": "2026-01-16", "close": 256.850006, "volume": 21860, "typical_volume": 11850.8, "trend": 298.131668, "fair_value": 415.711859, "relative_strength": -27.768509, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.262479, "energy": 58.938745, "activity_lines": [ 279.436666, 286.287273, 288.816905, 292.182151 ] }, { "date": "2026-01-23", "close": 256.100006, "volume": 19196, "typical_volume": 12454.55, "trend": 295.578335, "fair_value": 415.191667, "relative_strength": -25.893853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.429843, "energy": 75.932902, "activity_lines": [ 269.243335, 280.571819, 285.408572, 289.470431 ] }, { "date": "2026-01-30", "close": 247.149994, "volume": 19031, "typical_volume": 12284.05, "trend": 293.108334, "fair_value": 414.494231, "relative_strength": -26.469374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.376294, "energy": 85.012047, "activity_lines": [ 259.236666, 273.770908, 281.335953, 286.346022 ] }, { "date": "2026-02-06", "close": 227.100006, "volume": 22717, "typical_volume": 12142.15, "trend": 290.213334, "fair_value": 413.728526, "relative_strength": -31.955883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.976828, "energy": 93.586703, "activity_lines": [ 246.126668, 263.841819, 275.603334, 282.08742 ] }, { "date": "2026-02-13", "close": 221.350006, "volume": 20787, "typical_volume": 12561.8, "trend": 287.135001, "fair_value": 413.003526, "relative_strength": -33.187333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.874393, "energy": 93.95841, "activity_lines": [ 235.043337, 253.782729, 269.720478, 277.644625 ] }, { "date": "2026-02-20", "close": 217.649994, "volume": 16726, "typical_volume": 12663.0, "trend": 283.82, "fair_value": 412.446795, "relative_strength": -34.185086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.870589, "energy": 92.782391, "activity_lines": [ 227.023334, 244.43, 263.885001, 273.161721 ] }, { "date": "2026-02-27", "close": 219.25, "volume": 15953, "typical_volume": 12826.15, "trend": 281.003334, "fair_value": 411.788783, "relative_strength": -32.788976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.389103, "energy": 89.301401, "activity_lines": [ 222.15, 236.97091, 258.585477, 268.995914 ] }, { "date": "2026-03-06", "close": 240.949997, "volume": 19752, "typical_volume": 13421.7, "trend": 279.386666, "fair_value": 411.316347, "relative_strength": -19.927371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.09752, "energy": 73.171362, "activity_lines": [ 226.966666, 234.991818, 255.697619, 266.411828 ] }, { "date": "2026-03-13", "close": 223.5, "volume": 23928, "typical_volume": 14147.25, "trend": 276.74, "fair_value": 410.612821, "relative_strength": -24.564071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.617341, "energy": 62.114935, "activity_lines": [ 226.379999, 230.929091, 251.346905, 262.806237 ] }, { "date": "2026-03-20", "close": 214.050003, "volume": 13898, "typical_volume": 14003.7, "trend": 273.623334, "fair_value": 409.775642, "relative_strength": -23.600038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.986004, "energy": 61.943918, "activity_lines": [ 222.883333, 226.289091, 246.483572, 258.761721 ] }, { "date": "2026-03-27", "close": 204.050003, "volume": 14058, "typical_volume": 14239.3, "trend": 270.296667, "fair_value": 408.828526, "relative_strength": -26.140139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.001655, "energy": 62.454709, "activity_lines": [ 216.540001, 221.135455, 241.046429, 254.273119 ] }, { "date": "2026-04-03", "close": 209.449997, "volume": 6281, "typical_volume": 14264.65, "trend": 267.425, "fair_value": 407.941026, "relative_strength": -26.256244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.236505, "energy": 62.508527, "activity_lines": [ 212.903334, 217.923636, 236.486905, 250.347527 ] }, { "date": "2026-04-10", "close": 192.259995, "volume": 14467, "typical_volume": 14768.6, "trend": 263.848667, "fair_value": 406.97218, "relative_strength": -33.401768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.61002, "energy": 76.088465, "activity_lines": [ 204.189999, 212.434545, 230.654285, 245.498172 ] }, { "date": "2026-04-17", "close": 210.449997, "volume": 21289, "typical_volume": 15234.35, "trend": 260.512001, "fair_value": 406.113526, "relative_strength": -29.077523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.837334, "energy": 64.221832, "activity_lines": [ 204.785998, 211.250726, 226.950904, 242.053097 ] }, { "date": "2026-04-24", "close": 205.100006, "volume": 37227, "typical_volume": 16518.85, "trend": 257.172001, "fair_value": 405.259039, "relative_strength": -28.555781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.03669, "energy": 56.136603, "activity_lines": [ 204.468667, 209.396909, 223.057048, 238.478129 ] }, { "date": "2026-05-01", "close": 206.550003, "volume": 12887, "typical_volume": 16436.05, "trend": 254.117001, "fair_value": 404.575385, "relative_strength": -27.834365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.859048, "energy": 53.087579, "activity_lines": [ 205.231334, 208.102182, 219.739857, 235.212194 ] }, { "date": "2026-05-08", "close": 213.0, "volume": 29442, "typical_volume": 17543.2, "trend": 251.493667, "fair_value": 403.961924, "relative_strength": -25.010257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.094931, "energy": 43.672129, "activity_lines": [ 207.977335, 208.182, 217.509572, 232.559484 ] }, { "date": "2026-05-15", "close": 210.550003, "volume": 16643, "typical_volume": 18273.05, "trend": 249.087001, "fair_value": 403.145578, "relative_strength": -23.797864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.826352, "energy": 36.135753, "activity_lines": [ 209.670002, 207.930001, 215.47762, 229.917957 ] }, { "date": "2026-05-22", "close": 210.399994, "volume": 27179, "typical_volume": 19451.5, "trend": 245.938667, "fair_value": 402.059039, "relative_strength": -25.879654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.869916, "energy": 30.307021, "activity_lines": [ 210.093333, 208.203454, 213.861381, 227.422022 ] }, { "date": "2026-05-29", "close": 218.75, "volume": 17393, "typical_volume": 19535.7, "trend": 243.445334, "fair_value": 400.849744, "relative_strength": -22.753241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.424038, "energy": 22.615032, "activity_lines": [ 213.303333, 210.233273, 213.401571, 225.667914 ] }, { "date": "2026-06-05", "close": 217.699997, "volume": 4366, "typical_volume": 18661.0, "trend": 241.357, "fair_value": 399.513847, "relative_strength": -21.211598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.702422, "energy": 18.867154, "activity_lines": [ 215.253332, 211.986727, 213.161047, 224.006925 ] }, { "date": "2026-06-12", "close": 175.860001, "volume": 42369, "typical_volume": 19819.65, "trend": 237.689, "fair_value": 397.68859, "relative_strength": -35.225138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.847319, "energy": 46.259841, "activity_lines": [ 202.513332, 205.884727, 209.12219, 219.781312 ] }, { "date": "2026-06-19", "close": 171.220001, "volume": 7649, "typical_volume": 19250.55, "trend": 234.209667, "fair_value": 395.960514, "relative_strength": -37.03103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.973554, "energy": 73.192744, "activity_lines": [ 190.702666, 199.549818, 205.023524, 215.492989 ] }, { "date": "2026-06-26", "close": 176.100006, "volume": 5565, "typical_volume": 18392.95, "trend": 230.831333, "fair_value": 394.217565, "relative_strength": -33.623975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.59932, "energy": 83.154762, "activity_lines": [ 183.140669, 194.484728, 201.751191, 211.743979 ] }, { "date": "2026-07-03", "close": 191.0, "volume": 8719, "typical_volume": 17789.55, "trend": 227.291333, "fair_value": 392.599616, "relative_strength": -30.342963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.045098, "energy": 78.050674, "activity_lines": [ 182.832002, 192.753273, 200.140762, 209.174215 ] }, { "date": "2026-07-10", "close": 196.339996, "volume": 26032, "typical_volume": 18254.85, "trend": 223.642667, "fair_value": 390.890257, "relative_strength": -25.674196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.588305, "energy": 64.274698, "activity_lines": [ 186.153333, 192.249091, 199.183429, 207.177355 ] }, { "date": "2026-07-17", "close": 203.100006, "volume": 44588, "typical_volume": 19686.6, "trend": 220.291, "fair_value": 389.165898, "relative_strength": -21.707465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.501432, "energy": 35.152652, "activity_lines": [ 193.152002, 193.159637, 198.971382, 205.852022 ] }, { "date": "2026-07-24", "close": 196.380005, "volume": 41495, "typical_volume": 20773.75, "trend": 216.808667, "fair_value": 387.390129, "relative_strength": -24.372727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.601443, "energy": 19.429745, "activity_lines": [ 196.09467, 193.028365, 198.196239, 204.309377 ] }, { "date": "2026-07-31", "close": 213.6, "volume": 57995, "typical_volume": 22477.1, "trend": 214.387, "fair_value": 385.671539, "relative_strength": -18.743392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.216199, "energy": 15.934268, "activity_lines": [ 203.100002, 196.285638, 199.273334, 204.102366 ] }, { "date": "2026-08-07", "close": 229.800003, "volume": 41272, "typical_volume": 23845.8, "trend": 212.520334, "fair_value": 384.173462, "relative_strength": -14.351605, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.366804, "energy": 30.593273, "activity_lines": [ 213.005336, 202.430184, 201.94043, 205.096754 ] } ], "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." } } }