{ "ticker": { "uuid": "c5631346-e288-43a2-8db3-2d39d66ec4c8", "symbol": "ADPA", "name": "Aeroports de Paris SA", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 66.499, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 60.698, "architecture_energy": 34.728, "architecture_maturity": 12.351, "architecture_confidence": 63.531, "architecture_tenure": "New", "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": 36.91, "rotation_up": 50.61, "upward_expansion": 74.74, "deceleration": 60.62, "rotation_down": 23.1, "downward_expansion": 8.4 }, "activity_lines": [ 113.806666, 112.716364, 110.313381, 109.620981 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 116.699997, "trend_reference": 109.573153, "distance_from_trend": 0.065042, "trend_direction": "Weakening", "fair_value": 111.036028, "distance_from_fair_value": 0.05101, "fair_value_direction": "Improving", "relative_strength": -16.268362, "relative_strength_direction": "Improving", "price_momentum": 0.005168, "excess_performance": -0.169079, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.065042, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.023149, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.05101, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.127505, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.162684, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.062152, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.005168, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 5.0, "dry_up": 0.0, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.052378, "annualized_volatility": 0.338781, "from_high_reference": -0.124531, "from_low_reference": 0.198625 }, "levels": { "trend_reference": 109.573153, "fair_value_reference": 111.036028, "structural_low": 97.36158, "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": 9, "median_return": -0.045067, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.010404, "regime_survival": 0.222222, "best_return": 0.060117, "worst_return": -0.130362, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.015251, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.049902, "regime_survival": 0.0, "best_return": 0.124406, "worst_return": -0.11291, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.029326, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.047465, "regime_survival": 0.0, "best_return": 0.300095, "worst_return": -0.051959, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.078526, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.129593, "regime_survival": 0.0, "best_return": 0.416904, "worst_return": -0.105016, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.080389, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-05-09", "tenure": "Developing", "return": 0.145759, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-06-27", "tenure": "Developing", "return": -0.071408, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": 0.057116, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-09-19", "tenure": "Developing", "return": -0.09688, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": 0.086442, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2026-01-02", "tenure": "Developing", "return": -0.080033, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": -0.057858, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": 0.074861, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-13", "tenure": "New", "return": -0.129521, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-06-12", "tenure": "Established", "return": 0.025145, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": 0.044384, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": -0.07872, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.101983, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 111.940948, "volume": 0, "typical_volume": 0.0, "trend": 126.078333, "fair_value": 109.980492, "relative_strength": -9.302679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.69553, "energy": 98.278552, "activity_lines": [ 115.839482, 119.036074, 123.399123, 124.484037 ] }, { "date": "2023-08-25", "close": 113.644188, "volume": 0, "typical_volume": 0.0, "trend": 125.521064, "fair_value": 110.384844, "relative_strength": -7.081232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.992738, "energy": 92.270533, "activity_lines": [ 114.621978, 117.527241, 122.284319, 123.681834 ] }, { "date": "2023-09-01", "close": 115.915176, "volume": 0, "typical_volume": 0.0, "trend": 124.994776, "fair_value": 110.803753, "relative_strength": -7.113509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.325082, "energy": 84.330747, "activity_lines": [ 114.760759, 116.746157, 121.419149, 123.0621 ] }, { "date": "2023-09-08", "close": 116.199051, "volume": 0, "typical_volume": 0.0, "trend": 124.391598, "fair_value": 111.224482, "relative_strength": -5.861343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.879888, "energy": 79.419992, "activity_lines": [ 115.107715, 116.267872, 120.6269, 122.494633 ] }, { "date": "2023-09-15", "close": 110.048454, "volume": 0, "typical_volume": 0.0, "trend": 123.611156, "fair_value": 111.605785, "relative_strength": -11.642589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.207934, "energy": 73.910623, "activity_lines": [ 113.467555, 114.857104, 119.294736, 121.569269 ] }, { "date": "2023-09-22", "close": 105.979591, "volume": 0, "typical_volume": 0.0, "trend": 122.994236, "fair_value": 111.961005, "relative_strength": -13.950361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.820846, "energy": 75.782938, "activity_lines": [ 110.944231, 112.9216, 117.655051, 120.431749 ] }, { "date": "2023-09-29", "close": 104.844101, "volume": 0, "typical_volume": 0.0, "trend": 122.26545, "fair_value": 112.140526, "relative_strength": -14.798494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.891023, "energy": 89.838867, "activity_lines": [ 108.439834, 111.106528, 116.024654, 119.260773 ] }, { "date": "2023-10-06", "close": 101.626862, "volume": 168, "typical_volume": 8.4, "trend": 121.369284, "fair_value": 112.270659, "relative_strength": -15.797193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.785576, "energy": 96.193646, "activity_lines": [ 105.449696, 109.029948, 114.209369, 117.929251 ] }, { "date": "2023-10-13", "close": 100.77523, "volume": 5, "typical_volume": 8.65, "trend": 120.577344, "fair_value": 112.43507, "relative_strength": -16.828181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.206681, "energy": 95.071002, "activity_lines": [ 103.128236, 107.089281, 112.462146, 116.600602 ] }, { "date": "2023-10-20", "close": 101.05912, "volume": 0, "typical_volume": 8.65, "trend": 119.924397, "fair_value": 112.558895, "relative_strength": -13.114685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.45259, "energy": 91.974826, "activity_lines": [ 101.92966, 105.497868, 110.898272, 115.341362 ] }, { "date": "2023-10-27", "close": 101.05912, "volume": 0, "typical_volume": 8.65, "trend": 119.27145, "fair_value": 112.68272, "relative_strength": -12.326729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.72093, "energy": 90.348058, "activity_lines": [ 101.330373, 104.198931, 109.473496, 114.124247 ] }, { "date": "2023-11-03", "close": 100.018234, "volume": 0, "typical_volume": 8.65, "trend": 118.583807, "fair_value": 112.793052, "relative_strength": -17.332797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.44466, "energy": 88.207591, "activity_lines": [ 100.712155, 102.908594, 108.091525, 112.882104 ] }, { "date": "2023-11-10", "close": 100.018234, "volume": 0, "typical_volume": 8.65, "trend": 117.732709, "fair_value": 112.792478, "relative_strength": -17.309147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.806278, "energy": 70.382792, "activity_lines": [ 100.415662, 101.866001, 106.856898, 111.684325 ] }, { "date": "2023-11-17", "close": 110.332321, "volume": 182, "typical_volume": 17.75, "trend": 117.216162, "fair_value": 112.827772, "relative_strength": -10.397776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.581599, "energy": 58.683678, "activity_lines": [ 103.66444, 102.987732, 106.746052, 111.206881 ] }, { "date": "2023-11-24", "close": 108.345207, "volume": 0, "typical_volume": 17.75, "trend": 116.599454, "fair_value": 112.881762, "relative_strength": -11.065616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.704413, "energy": 43.633148, "activity_lines": [ 105.613707, 103.854838, 106.522557, 110.634561 ] }, { "date": "2023-12-01", "close": 106.925842, "volume": 171, "typical_volume": 26.3, "trend": 115.808988, "fair_value": 112.926653, "relative_strength": -13.418472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.222873, "energy": 39.299896, "activity_lines": [ 106.604114, 104.494845, 106.22832, 110.010457 ] }, { "date": "2023-12-08", "close": 108.155968, "volume": 182, "typical_volume": 35.4, "trend": 115.068779, "fair_value": 112.97943, "relative_strength": -12.284037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.155471, "energy": 40.38284, "activity_lines": [ 107.613447, 105.341307, 106.132344, 109.516714 ] }, { "date": "2023-12-15", "close": 113.833443, "volume": 0, "typical_volume": 35.4, "trend": 114.431465, "fair_value": 113.100034, "relative_strength": -8.881484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.408635, "energy": 35.34904, "activity_lines": [ 109.972757, 107.159822, 106.646021, 109.437015 ] }, { "date": "2023-12-22", "close": 110.426949, "volume": 0, "typical_volume": 35.4, "trend": 113.659014, "fair_value": 113.210663, "relative_strength": -12.377434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.492851, "energy": 28.954572, "activity_lines": [ 110.275554, 108.137036, 106.853294, 109.178659 ] }, { "date": "2023-12-29", "close": 111.751694, "volume": 0, "typical_volume": 35.4, "trend": 113.041745, "fair_value": 113.329785, "relative_strength": -11.815295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.363164, "energy": 36.40412, "activity_lines": [ 111.013625, 109.179627, 107.218725, 109.055606 ] }, { "date": "2024-01-05", "close": 109.196831, "volume": 0, "typical_volume": 35.4, "trend": 112.319444, "fair_value": 113.432529, "relative_strength": -13.52692, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 5.779832, "energy": 32.083139, "activity_lines": [ 110.672975, 109.563287, 107.36652, 108.807547 ] }, { "date": "2024-01-12", "close": 110.616203, "volume": 0, "typical_volume": 35.4, "trend": 111.641301, "fair_value": 113.564833, "relative_strength": -11.447359, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 2.018315, "energy": 21.091491, "activity_lines": [ 110.654051, 110.057056, 107.66256, 108.697661 ] }, { "date": "2024-01-19", "close": 110.048454, "volume": 0, "typical_volume": 35.4, "trend": 110.985237, "fair_value": 113.714552, "relative_strength": -10.161791, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -0.465676, "energy": 14.496794, "activity_lines": [ 110.281861, 110.254908, 107.918948, 108.594896 ] }, { "date": "2024-01-26", "close": 116.672173, "volume": 257, "typical_volume": 48.25, "trend": 110.660359, "fair_value": 113.896944, "relative_strength": -7.582008, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.480355, "energy": 36.132252, "activity_lines": [ 112.36991, 111.474704, 108.834103, 108.961796 ] }, { "date": "2024-02-02", "close": 118.375412, "volume": 158, "typical_volume": 56.15, "trend": 110.543655, "fair_value": 114.037174, "relative_strength": -5.602792, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.977306, "energy": 63.078192, "activity_lines": [ 114.609357, 112.888911, 109.909218, 109.459541 ] }, { "date": "2024-02-09", "close": 115.915176, "volume": 0, "typical_volume": 56.15, "trend": 110.275552, "fair_value": 114.184764, "relative_strength": -5.088146, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.764511, "energy": 63.711903, "activity_lines": [ 115.587144, 113.673434, 110.710373, 109.806091 ] }, { "date": "2024-02-16", "close": 117.239929, "volume": 0, "typical_volume": 56.15, "trend": 110.095765, "fair_value": 114.367831, "relative_strength": -5.16084, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.837655, "energy": 84.931505, "activity_lines": [ 116.558626, 114.535379, 111.590383, 110.255405 ] }, { "date": "2024-02-23", "close": 118.753922, "volume": 0, "typical_volume": 47.75, "trend": 110.133615, "fair_value": 114.505149, "relative_strength": -3.267012, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.203565, "energy": 86.471631, "activity_lines": [ 117.59319, 115.507433, 112.555554, 110.813996 ] }, { "date": "2024-03-01", "close": 119.984039, "volume": 0, "typical_volume": 47.5, "trend": 110.228239, "fair_value": 114.650353, "relative_strength": -2.069242, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.309904, "energy": 79.516994, "activity_lines": [ 118.457429, 116.613681, 113.556323, 111.449507 ] }, { "date": "2024-03-08", "close": 117.618423, "volume": 0, "typical_volume": 47.5, "trend": 110.24401, "fair_value": 114.765566, "relative_strength": -3.872334, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.985014, "energy": 64.900226, "activity_lines": [ 118.312338, 117.116052, 114.240324, 111.926293 ] }, { "date": "2024-03-15", "close": 120.835655, "volume": 0, "typical_volume": 47.5, "trend": 110.5405, "fair_value": 114.909705, "relative_strength": -1.927241, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.952667, "energy": 63.623405, "activity_lines": [ 119.290124, 118.096706, 115.151874, 112.609625 ] }, { "date": "2024-03-22", "close": 117.90229, "volume": 0, "typical_volume": 47.5, "trend": 110.682437, "fair_value": 115.068254, "relative_strength": -6.440812, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.653637, "energy": 54.664728, "activity_lines": [ 118.962089, 118.332407, 115.689882, 113.08458 ] }, { "date": "2024-03-29", "close": 120.173286, "volume": 0, "typical_volume": 47.5, "trend": 110.824374, "fair_value": 115.220602, "relative_strength": -5.438176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.274878, "energy": 53.521459, "activity_lines": [ 119.346896, 118.848541, 116.359013, 113.696892 ] }, { "date": "2024-04-05", "close": 118.280792, "volume": 0, "typical_volume": 38.4, "trend": 110.893765, "fair_value": 115.353405, "relative_strength": -7.504464, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.783901, "energy": 46.955732, "activity_lines": [ 119.006247, 118.836498, 116.75193, 114.177952 ] }, { "date": "2024-04-12", "close": 114.968925, "volume": 854, "typical_volume": 81.1, "trend": 111.057781, "fair_value": 115.485143, "relative_strength": -9.495471, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.008822, "energy": 27.360485, "activity_lines": [ 117.675192, 118.193049, 116.791582, 114.440865 ] }, { "date": "2024-04-19", "close": 110.994698, "volume": 0, "typical_volume": 72.55, "trend": 111.224951, "fair_value": 115.601784, "relative_strength": -11.838029, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.520565, "energy": 15.156519, "activity_lines": [ 115.196029, 116.88895, 116.421194, 114.436795 ] }, { "date": "2024-04-26", "close": 111.846321, "volume": 395, "typical_volume": 83.2, "trend": 111.458358, "fair_value": 115.684444, "relative_strength": -11.088559, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.426047, "energy": 23.418675, "activity_lines": [ 113.656803, 115.829154, 116.112537, 114.476884 ] }, { "date": "2024-05-03", "close": 117.713051, "volume": 156, "typical_volume": 91.0, "trend": 111.994565, "fair_value": 115.751334, "relative_strength": -7.142348, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.390446, "energy": 23.703005, "activity_lines": [ 114.476885, 115.934103, 116.345044, 114.880412 ] }, { "date": "2024-05-10", "close": 119.794785, "volume": 0, "typical_volume": 91.0, "trend": 112.62855, "fair_value": 115.838685, "relative_strength": -7.520322, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.818022, "energy": 19.637486, "activity_lines": [ 116.154894, 116.436473, 116.757337, 115.383652 ] }, { "date": "2024-05-17", "close": 120.741035, "volume": 0, "typical_volume": 91.0, "trend": 113.284614, "fair_value": 115.964722, "relative_strength": -7.881617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.728786, "energy": 35.079321, "activity_lines": [ 118.047387, 117.11433, 117.21514, 115.907038 ] }, { "date": "2024-05-24", "close": 118.470047, "volume": 0, "typical_volume": 91.0, "trend": 113.864978, "fair_value": 116.061373, "relative_strength": -8.950681, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.442609, "energy": 39.096465, "activity_lines": [ 118.798077, 117.322505, 117.413852, 116.241582 ] }, { "date": "2024-05-31", "close": 121.11953, "volume": 79, "typical_volume": 94.95, "trend": 114.568354, "fair_value": 116.174713, "relative_strength": -4.975342, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.445519, "energy": 65.319249, "activity_lines": [ 119.933571, 118.055415, 117.820738, 116.709618 ] }, { "date": "2024-06-07", "close": 125.566887, "volume": 0, "typical_volume": 94.95, "trend": 115.419976, "fair_value": 116.232639, "relative_strength": -0.29396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.354142, "energy": 79.67825, "activity_lines": [ 121.933303, 119.538441, 118.601165, 117.419201 ] }, { "date": "2024-06-14", "close": 114.479431, "volume": 79, "typical_volume": 86.05, "trend": 115.558213, "fair_value": 116.234616, "relative_strength": -5.441425, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.695993, "energy": 28.130157, "activity_lines": [ 119.713628, 118.9075, 118.251747, 117.35852 ] }, { "date": "2024-06-21", "close": 114.089714, "volume": 316, "typical_volume": 93.95, "trend": 115.749697, "fair_value": 116.229943, "relative_strength": -6.703367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.904243, "energy": 9.819625, "activity_lines": [ 117.718404, 118.274817, 117.875655, 117.263779 ] }, { "date": "2024-06-28", "close": 114.382004, "volume": 0, "typical_volume": 93.95, "trend": 115.998236, "fair_value": 116.305134, "relative_strength": -6.484755, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.23537, "energy": 13.466875, "activity_lines": [ 116.264032, 117.711263, 117.547808, 117.17554 ] }, { "date": "2024-07-05", "close": 116.720314, "volume": 0, "typical_volume": 93.95, "trend": 116.283714, "fair_value": 116.395611, "relative_strength": -6.71863, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.092679, "energy": 18.801441, "activity_lines": [ 115.861632, 117.511269, 117.449958, 117.222126 ] }, { "date": "2024-07-12", "close": 115.551155, "volume": 328, "typical_volume": 110.35, "trend": 116.340971, "fair_value": 116.498165, "relative_strength": -7.171772, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.773341, "energy": 20.606576, "activity_lines": [ 115.362793, 117.010083, 117.243234, 117.174864 ] }, { "date": "2024-07-19", "close": 115.940872, "volume": 0, "typical_volume": 110.35, "trend": 116.524768, "fair_value": 116.614189, "relative_strength": -5.626446, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.944173, "energy": 23.171134, "activity_lines": [ 115.661576, 116.619061, 117.088877, 117.149051 ] }, { "date": "2024-07-26", "close": 118.279175, "volume": 322, "typical_volume": 126.45, "trend": 116.742351, "fair_value": 116.766257, "relative_strength": -3.478491, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.673335, "energy": 5.519006, "activity_lines": [ 116.642364, 116.723257, 117.176469, 117.262239 ] }, { "date": "2024-08-02", "close": 113.310287, "volume": 0, "typical_volume": 126.45, "trend": 116.879466, "fair_value": 116.871349, "relative_strength": -3.493027, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.263392, "energy": 17.394165, "activity_lines": [ 115.687558, 115.968779, 116.787687, 117.040815 ] }, { "date": "2024-08-09", "close": 109.023392, "volume": 338, "typical_volume": 143.35, "trend": 116.826372, "fair_value": 116.96794, "relative_strength": -7.687962, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.950565, "energy": 50.78572, "activity_lines": [ 113.375235, 114.52868, 116.026465, 116.533972 ] }, { "date": "2024-08-16", "close": 111.16684, "volume": 0, "typical_volume": 143.35, "trend": 116.863652, "fair_value": 117.097191, "relative_strength": -7.297345, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.112726, "energy": 57.271741, "activity_lines": [ 112.290523, 113.698229, 115.51166, 116.168841 ] }, { "date": "2024-08-23", "close": 112.628273, "volume": 0, "typical_volume": 143.35, "trend": 116.728855, "fair_value": 117.221931, "relative_strength": -7.335162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.596592, "energy": 61.036226, "activity_lines": [ 111.985243, 113.395311, 115.178928, 115.895591 ] }, { "date": "2024-08-30", "close": 115.940872, "volume": 0, "typical_volume": 100.65, "trend": 116.647704, "fair_value": 117.380598, "relative_strength": -5.337604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.940772, "energy": 45.975251, "activity_lines": [ 113.005003, 113.728342, 115.188598, 115.844753 ] }, { "date": "2024-09-06", "close": 116.135727, "volume": 161, "typical_volume": 108.7, "trend": 116.655056, "fair_value": 117.550952, "relative_strength": -0.981431, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.624705, "energy": 16.639503, "activity_lines": [ 114.245601, 114.063144, 115.212197, 115.811722 ] }, { "date": "2024-09-13", "close": 111.848846, "volume": 186, "typical_volume": 98.25, "trend": 116.475353, "fair_value": 117.669807, "relative_strength": -5.005273, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.096617, "energy": 19.735791, "activity_lines": [ 113.868876, 113.586627, 114.803041, 115.501644 ] }, { "date": "2024-09-20", "close": 113.60257, "volume": 170, "typical_volume": 98.95, "trend": 116.303641, "fair_value": 117.755422, "relative_strength": -3.733901, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.379513, "energy": 16.267593, "activity_lines": [ 113.888362, 113.51754, 114.560894, 115.316303 ] }, { "date": "2024-09-27", "close": 116.915169, "volume": 0, "typical_volume": 98.95, "trend": 116.201346, "fair_value": 117.827873, "relative_strength": -1.745601, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.259698, "energy": 10.560636, "activity_lines": [ 114.849666, 114.086174, 114.653807, 115.355757 ] }, { "date": "2024-10-04", "close": 107.367088, "volume": 440, "typical_volume": 120.95, "trend": 115.859634, "fair_value": 117.856317, "relative_strength": -8.652333, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.714471, "energy": 40.152251, "activity_lines": [ 112.342483, 112.901078, 113.851091, 114.785805 ] }, { "date": "2024-10-11", "close": 111.556557, "volume": 0, "typical_volume": 120.95, "trend": 115.550331, "fair_value": 117.884632, "relative_strength": -5.168606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.535801, "energy": 33.639508, "activity_lines": [ 111.803375, 112.676105, 113.511057, 114.508187 ] }, { "date": "2024-10-18", "close": 110.192543, "volume": 163, "typical_volume": 125.15, "trend": 115.29334, "fair_value": 117.912506, "relative_strength": -6.493607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.952966, "energy": 42.996894, "activity_lines": [ 111.114874, 112.235016, 113.074039, 114.162523 ] }, { "date": "2024-10-25", "close": 107.269661, "volume": 0, "typical_volume": 125.15, "trend": 114.863219, "fair_value": 117.921347, "relative_strength": -7.656434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.588444, "energy": 62.698662, "activity_lines": [ 109.5625, 111.241237, 112.410684, 113.644866 ] }, { "date": "2024-11-01", "close": 105.418503, "volume": 168, "typical_volume": 129.6, "trend": 114.434476, "fair_value": 117.860496, "relative_strength": -7.763987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.322445, "energy": 66.498522, "activity_lines": [ 107.815266, 109.981741, 111.658158, 113.03553 ] }, { "date": "2024-11-08", "close": 102.593063, "volume": 0, "typical_volume": 113.8, "trend": 114.021947, "fair_value": 117.810595, "relative_strength": -10.658077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.488517, "energy": 78.249305, "activity_lines": [ 105.892664, 108.339615, 110.67969, 112.271568 ] }, { "date": "2024-11-15", "close": 103.567352, "volume": 15, "typical_volume": 114.55, "trend": 113.774369, "fair_value": 117.828323, "relative_strength": -9.709053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.672644, "energy": 78.314377, "activity_lines": [ 104.613092, 107.11732, 109.848757, 111.597078 ] }, { "date": "2024-11-22", "close": 105.515938, "volume": 0, "typical_volume": 114.55, "trend": 113.563356, "fair_value": 117.886417, "relative_strength": -7.216092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.738591, "energy": 70.163704, "activity_lines": [ 104.515664, 106.47783, 109.254903, 111.064276 ] }, { "date": "2024-11-29", "close": 106.587662, "volume": 0, "typical_volume": 98.15, "trend": 113.19251, "fair_value": 117.945154, "relative_strength": -6.330193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.262675, "energy": 50.738535, "activity_lines": [ 105.08725, 106.148342, 108.816471, 110.614231 ] }, { "date": "2024-12-06", "close": 111.459129, "volume": 84, "typical_volume": 102.35, "trend": 112.914655, "fair_value": 118.029484, "relative_strength": -3.178511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.928216, "energy": 24.519132, "activity_lines": [ 107.328125, 106.83212, 108.884672, 110.5024 ] }, { "date": "2024-12-13", "close": 111.361702, "volume": 0, "typical_volume": 86.25, "trend": 112.60201, "fair_value": 118.101327, "relative_strength": -4.779332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.761333, "energy": 18.443542, "activity_lines": [ 109.133816, 107.597384, 108.964936, 110.402209 ] }, { "date": "2024-12-20", "close": 107.074806, "volume": 0, "typical_volume": 86.25, "trend": 112.222169, "fair_value": 118.119002, "relative_strength": -6.814403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.634541, "energy": 21.703313, "activity_lines": [ 108.925966, 107.510583, 108.669864, 110.045616 ] }, { "date": "2024-12-27", "close": 108.43882, "volume": 0, "typical_volume": 69.35, "trend": 111.799478, "fair_value": 118.15313, "relative_strength": -6.541936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.481381, "energy": 20.506574, "activity_lines": [ 108.938957, 107.753271, 108.534391, 109.801529 ] }, { "date": "2025-01-03", "close": 109.120819, "volume": 0, "typical_volume": 69.35, "trend": 111.251276, "fair_value": 118.139142, "relative_strength": -6.369258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.352732, "energy": 16.239194, "activity_lines": [ 108.984422, 108.151845, 108.466654, 109.628712 ] }, { "date": "2025-01-10", "close": 105.418503, "volume": 0, "typical_volume": 69.35, "trend": 110.949245, "fair_value": 118.065837, "relative_strength": -9.361555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.905714, "energy": 30.386092, "activity_lines": [ 107.626904, 107.843613, 108.056059, 109.252404 ] }, { "date": "2025-01-17", "close": 107.951675, "volume": 0, "typical_volume": 69.35, "trend": 110.744644, "fair_value": 118.018852, "relative_strength": -10.114318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.242312, "energy": 20.752278, "activity_lines": [ 107.516486, 107.995957, 107.92105, 109.059012 ] }, { "date": "2025-01-24", "close": 106.977379, "volume": 0, "typical_volume": 61.3, "trend": 110.497823, "fair_value": 118.003875, "relative_strength": -12.108397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.863148, "energy": 24.43928, "activity_lines": [ 107.308637, 107.873728, 107.731295, 108.815963 ] }, { "date": "2025-01-31", "close": 107.172234, "volume": 0, "typical_volume": 52.0, "trend": 110.179554, "fair_value": 117.972652, "relative_strength": -12.028602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.413988, "energy": 25.756854, "activity_lines": [ 107.172236, 107.724926, 107.603709, 108.601409 ] }, { "date": "2025-02-07", "close": 110.28997, "volume": 0, "typical_volume": 43.5, "trend": 110.004181, "fair_value": 117.887575, "relative_strength": -9.4854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.503684, "energy": 5.833136, "activity_lines": [ 108.159518, 108.112871, 107.79532, 108.608532 ] }, { "date": "2025-02-14", "close": 113.310287, "volume": 0, "typical_volume": 43.5, "trend": 109.916495, "fair_value": 117.829569, "relative_strength": -11.299725, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.873351, "energy": 21.565502, "activity_lines": [ 110.07563, 108.98265, 108.290354, 108.82183 ] }, { "date": "2025-02-21", "close": 101.423904, "volume": 0, "typical_volume": 21.5, "trend": 109.354652, "fair_value": 117.721761, "relative_strength": -19.420691, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.111099, "energy": 24.608296, "activity_lines": [ 107.503495, 107.657611, 107.670517, 108.27392 ] }, { "date": "2025-02-28", "close": 95.919151, "volume": 0, "typical_volume": 21.5, "trend": 108.774948, "fair_value": 117.634416, "relative_strength": -25.041531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.463349, "energy": 60.83127, "activity_lines": [ 103.531627, 105.512395, 106.55472, 107.407114 ] }, { "date": "2025-03-07", "close": 98.79332, "volume": 0, "typical_volume": 13.35, "trend": 108.433945, "fair_value": 117.537027, "relative_strength": -24.811737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.485741, "energy": 73.242661, "activity_lines": [ 101.255031, 104.092585, 105.787117, 106.763138 ] }, { "date": "2025-03-14", "close": 94.75, "volume": 0, "typical_volume": 13.35, "trend": 107.886717, "fair_value": 117.359452, "relative_strength": -27.397809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.81802, "energy": 82.748111, "activity_lines": [ 98.189255, 102.112998, 104.688717, 105.880303 ] }, { "date": "2025-03-21", "close": 96.065292, "volume": 0, "typical_volume": 4.95, "trend": 107.334618, "fair_value": 117.159171, "relative_strength": -25.200749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.513267, "energy": 81.336534, "activity_lines": [ 96.597908, 100.633844, 103.775201, 105.11763 ] }, { "date": "2025-03-28", "close": 93.921852, "volume": 0, "typical_volume": 4.95, "trend": 106.600651, "fair_value": 116.946337, "relative_strength": -24.852705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.226572, "energy": 81.773584, "activity_lines": [ 95.441748, 98.935031, 102.702087, 104.25229 ] }, { "date": "2025-04-04", "close": 92.655266, "volume": 0, "typical_volume": 4.2, "trend": 105.817969, "fair_value": 116.753555, "relative_strength": -17.27301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.910174, "energy": 78.926583, "activity_lines": [ 94.363529, 97.261018, 101.549637, 103.352588 ] }, { "date": "2025-04-11", "close": 93.824425, "volume": 0, "typical_volume": 4.2, "trend": 105.217155, "fair_value": 116.498283, "relative_strength": -14.787874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.368789, "energy": 60.528701, "activity_lines": [ 93.892622, 96.059981, 100.560498, 102.578811 ] }, { "date": "2025-04-18", "close": 101.22905, "volume": 0, "typical_volume": 4.2, "trend": 104.804704, "fair_value": 116.272388, "relative_strength": -12.441345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.60224, "energy": 44.282101, "activity_lines": [ 96.221183, 96.447927, 100.332235, 102.321514 ] }, { "date": "2025-04-25", "close": 106.587662, "volume": 0, "typical_volume": 0.0, "trend": 104.460454, "fair_value": 116.153496, "relative_strength": -10.802385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.839763, "energy": 15.335747, "activity_lines": [ 99.904011, 97.97491, 100.639833, 102.436544 ] }, { "date": "2025-05-02", "close": 108.925964, "volume": 0, "typical_volume": 0.0, "trend": 104.512416, "fair_value": 116.063235, "relative_strength": -9.764899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.434286, "energy": 19.941564, "activity_lines": [ 103.664782, 100.049269, 101.193325, 102.724641 ] }, { "date": "2025-05-09", "close": 109.900261, "volume": 0, "typical_volume": 0.0, "trend": 104.457206, "fair_value": 115.985149, "relative_strength": -12.581667, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 30.420656, "energy": 39.053755, "activity_lines": [ 106.750045, 102.164371, 101.851205, 103.072244 ] }, { "date": "2025-05-16", "close": 113.505142, "volume": 10, "typical_volume": 0.5, "trend": 104.567626, "fair_value": 115.900221, "relative_strength": -11.920659, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.445086, "energy": 57.386315, "activity_lines": [ 109.887268, 104.680704, 102.838953, 103.655982 ] }, { "date": "2025-05-23", "close": 110.679688, "volume": 0, "typical_volume": 0.5, "trend": 104.681294, "fair_value": 115.787691, "relative_strength": -12.677923, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.505074, "energy": 65.267805, "activity_lines": [ 110.770625, 106.415831, 103.533484, 104.050308 ] }, { "date": "2025-05-30", "close": 115.258873, "volume": 0, "typical_volume": 0.5, "trend": 105.009306, "fair_value": 115.714598, "relative_strength": -9.544373, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.134688, "energy": 73.251038, "activity_lines": [ 112.550335, 108.693906, 104.656705, 104.732733 ] }, { "date": "2025-06-06", "close": 113.300003, "volume": 0, "typical_volume": 0.5, "trend": 105.366204, "fair_value": 115.674912, "relative_strength": -10.998734, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.878907, "energy": 71.930983, "activity_lines": [ 113.099008, 110.266849, 105.546508, 105.267616 ] }, { "date": "2025-06-13", "close": 108.199997, "volume": 0, "typical_volume": 0.5, "trend": 105.520626, "fair_value": 115.598382, "relative_strength": -12.729655, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.01727, "energy": 49.944615, "activity_lines": [ 111.656076, 110.560188, 105.925128, 105.450442 ] }, { "date": "2025-06-20", "close": 104.900002, "volume": 0, "typical_volume": 0.5, "trend": 105.500095, "fair_value": 115.512263, "relative_strength": -14.556077, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.103248, "energy": 24.945036, "activity_lines": [ 109.226496, 109.970896, 105.983641, 105.410401 ] }, { "date": "2025-06-27", "close": 105.400002, "volume": 0, "typical_volume": 0.5, "trend": 105.460506, "fair_value": 115.456335, "relative_strength": -15.334726, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.247021, "energy": 14.349762, "activity_lines": [ 107.537259, 109.271139, 106.100593, 105.403944 ] }, { "date": "2025-07-04", "close": 106.800003, "volume": 0, "typical_volume": 0.5, "trend": 105.305202, "fair_value": 115.42747, "relative_strength": -13.112385, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.408344, "energy": 27.65309, "activity_lines": [ 106.666668, 108.750093, 106.374164, 105.490363 ] }, { "date": "2025-07-11", "close": 106.5, "volume": 0, "typical_volume": 0.5, "trend": 105.143145, "fair_value": 115.387193, "relative_strength": -14.833147, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.684385, "energy": 26.373694, "activity_lines": [ 106.260001, 108.170639, 106.650165, 105.567447 ] }, { "date": "2025-07-18", "close": 109.0, "volume": 0, "typical_volume": 0.5, "trend": 105.207318, "fair_value": 115.340404, "relative_strength": -12.439243, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.533905, "energy": 22.401485, "activity_lines": [ 107.140001, 108.08984, 107.140089, 105.816276 ] }, { "date": "2025-07-25", "close": 111.599998, "volume": 0, "typical_volume": 0.5, "trend": 105.312691, "fair_value": 115.253939, "relative_strength": -11.635097, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.645492, "energy": 35.328015, "activity_lines": [ 108.833333, 108.498136, 107.815342, 106.228707 ] }, { "date": "2025-08-01", "close": 107.0, "volume": 0, "typical_volume": 0.5, "trend": 105.241997, "fair_value": 115.10774, "relative_strength": -12.532614, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.742822, "energy": 27.870796, "activity_lines": [ 108.546666, 108.104707, 107.991516, 106.337566 ] }, { "date": "2025-08-08", "close": 112.900002, "volume": 0, "typical_volume": 0.5, "trend": 105.49138, "fair_value": 114.996099, "relative_strength": -12.454726, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.2418, "energy": 48.013557, "activity_lines": [ 110.12, 108.85091, 108.671262, 106.831631 ] }, { "date": "2025-08-15", "close": 121.800003, "volume": 0, "typical_volume": 0.5, "trend": 105.952991, "fair_value": 114.946254, "relative_strength": -7.63769, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.229459, "energy": 80.000917, "activity_lines": [ 114.253335, 111.258183, 110.118461, 107.8838 ] }, { "date": "2025-08-22", "close": 122.900002, "volume": 95, "typical_volume": 5.25, "trend": 106.483745, "fair_value": 114.916804, "relative_strength": -5.313998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.809319, "energy": 89.494224, "activity_lines": [ 117.733335, 113.71091, 111.537669, 108.977155 ] }, { "date": "2025-08-29", "close": 112.300003, "volume": 0, "typical_volume": 5.25, "trend": 106.654671, "fair_value": 114.852619, "relative_strength": -9.824716, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.2246, "energy": 75.271938, "activity_lines": [ 116.753336, 113.969092, 111.803331, 109.352398 ] }, { "date": "2025-09-05", "close": 111.099998, "volume": 0, "typical_volume": 5.25, "trend": 106.681672, "fair_value": 114.771845, "relative_strength": -9.933012, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.353106, "energy": 61.385956, "activity_lines": [ 115.326668, 113.874546, 111.866728, 109.639193 ] }, { "date": "2025-09-12", "close": 112.900002, "volume": 0, "typical_volume": 5.25, "trend": 106.667996, "fair_value": 114.724257, "relative_strength": -9.025367, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.032957, "energy": 36.216999, "activity_lines": [ 114.226668, 114.003637, 112.054549, 110.040376 ] }, { "date": "2025-09-19", "close": 110.0, "volume": 0, "typical_volume": 5.25, "trend": 106.953865, "fair_value": 114.708491, "relative_strength": -10.499608, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.054685, "energy": 22.428502, "activity_lines": [ 112.160001, 113.494546, 111.93612, 110.255344 ] }, { "date": "2025-09-26", "close": 109.900002, "volume": 0, "typical_volume": 5.25, "trend": 107.419894, "fair_value": 114.709877, "relative_strength": -10.524678, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.376104, "energy": 21.121372, "activity_lines": [ 110.846668, 112.903638, 111.803054, 110.445417 ] }, { "date": "2025-10-03", "close": 112.300003, "volume": 0, "typical_volume": 4.75, "trend": 107.870116, "fair_value": 114.709745, "relative_strength": -10.139589, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.662016, "energy": 18.265, "activity_lines": [ 111.200002, 112.732729, 111.89856, 110.760263 ] }, { "date": "2025-10-10", "close": 115.599998, "volume": 81, "typical_volume": 8.8, "trend": 108.565116, "fair_value": 114.714753, "relative_strength": -5.291284, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.013484, "energy": 18.706691, "activity_lines": [ 112.653334, 113.149092, 112.314091, 111.258965 ] }, { "date": "2025-10-17", "close": 119.400002, "volume": 15, "typical_volume": 9.55, "trend": 109.34294, "fair_value": 114.734038, "relative_strength": 0.025575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.695587, "energy": 35.967876, "activity_lines": [ 115.073334, 114.100001, 113.068096, 111.95799 ] }, { "date": "2025-10-24", "close": 121.199997, "volume": 0, "typical_volume": 9.55, "trend": 110.252212, "fair_value": 114.714449, "relative_strength": -0.086611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.78226, "energy": 60.480106, "activity_lines": [ 117.66, 115.26, 113.97381, 112.722961 ] }, { "date": "2025-10-31", "close": 118.5, "volume": 0, "typical_volume": 9.55, "trend": 111.113703, "fair_value": 114.657981, "relative_strength": -4.827394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.094062, "energy": 65.01883, "activity_lines": [ 118.6, 115.94, 114.584762, 113.255077 ] }, { "date": "2025-11-07", "close": 117.5, "volume": 0, "typical_volume": 9.55, "trend": 111.902889, "fair_value": 114.539649, "relative_strength": -4.261642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.892919, "energy": 63.78018, "activity_lines": [ 118.633333, 116.518182, 115.051429, 113.667096 ] }, { "date": "2025-11-14", "close": 121.199997, "volume": 0, "typical_volume": 9.55, "trend": 112.568587, "fair_value": 114.461344, "relative_strength": -2.965318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.693918, "energy": 65.911732, "activity_lines": [ 119.553332, 117.674545, 115.810476, 114.266909 ] }, { "date": "2025-11-21", "close": 121.099998, "volume": 0, "typical_volume": 9.55, "trend": 113.052331, "fair_value": 114.360751, "relative_strength": -1.407663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.754103, "energy": 53.586034, "activity_lines": [ 120.066665, 118.62909, 116.484762, 114.817323 ] }, { "date": "2025-11-28", "close": 126.400002, "volume": 0, "typical_volume": 9.55, "trend": 113.634799, "fair_value": 114.286126, "relative_strength": -1.262479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.59007, "energy": 74.512774, "activity_lines": [ 122.233333, 120.398181, 117.595714, 115.678463 ] }, { "date": "2025-12-05", "close": 122.800003, "volume": 0, "typical_volume": 9.55, "trend": 114.064791, "fair_value": 114.290435, "relative_strength": -4.938353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.387486, "energy": 68.78971, "activity_lines": [ 122.853334, 121.214546, 118.269048, 116.269766 ] }, { "date": "2025-12-12", "close": 133.300003, "volume": 0, "typical_volume": 9.55, "trend": 114.724619, "fair_value": 114.417504, "relative_strength": 3.102123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.819012, "energy": 85.808278, "activity_lines": [ 126.686668, 123.705455, 119.876667, 117.510748 ] }, { "date": "2025-12-19", "close": 112.199997, "volume": 0, "typical_volume": 9.55, "trend": 114.775296, "fair_value": 114.408724, "relative_strength": -14.853557, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.738466, "energy": 32.494196, "activity_lines": [ 122.433334, 121.978182, 119.371429, 117.347869 ] }, { "date": "2025-12-26", "close": 111.300003, "volume": 0, "typical_volume": 9.55, "trend": 114.643334, "fair_value": 114.37579, "relative_strength": -15.179344, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.41891, "energy": 10.23395, "activity_lines": [ 118.480001, 120.149092, 118.755715, 117.123656 ] }, { "date": "2026-01-02", "close": 111.5, "volume": 0, "typical_volume": 9.55, "trend": 114.583334, "fair_value": 114.338206, "relative_strength": -16.102576, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 4.495891, "energy": 17.555852, "activity_lines": [ 115.246667, 118.503637, 118.166667, 116.920861 ] }, { "date": "2026-01-09", "close": 115.800003, "volume": 0, "typical_volume": 4.8, "trend": 114.836667, "fair_value": 114.328186, "relative_strength": -13.197402, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.986256, "energy": 30.165179, "activity_lines": [ 114.440001, 117.816365, 118.036191, 116.999355 ] }, { "date": "2026-01-16", "close": 109.099998, "volume": 0, "typical_volume": 4.8, "trend": 114.976667, "fair_value": 114.19189, "relative_strength": -18.677215, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.698092, "energy": 41.95744, "activity_lines": [ 111.866667, 115.960001, 117.301429, 116.629248 ] }, { "date": "2026-01-23", "close": 108.199997, "volume": 0, "typical_volume": 4.8, "trend": 115.07, "fair_value": 114.049824, "relative_strength": -19.543392, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.3878, "energy": 54.376712, "activity_lines": [ 110.606666, 114.092727, 116.496191, 116.192043 ] }, { "date": "2026-01-30", "close": 112.599998, "volume": 0, "typical_volume": 4.8, "trend": 115.263334, "fair_value": 113.927364, "relative_strength": -17.051856, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.580791, "energy": 40.329685, "activity_lines": [ 111.079999, 113.261818, 116.123809, 116.032688 ] }, { "date": "2026-02-06", "close": 116.099998, "volume": 0, "typical_volume": 4.8, "trend": 115.583334, "fair_value": 113.810733, "relative_strength": -14.852193, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.050681, "energy": 24.634586, "activity_lines": [ 112.633331, 113.221817, 116.08619, 116.086667 ] }, { "date": "2026-02-13", "close": 116.300003, "volume": 87, "typical_volume": 9.15, "trend": 115.826667, "fair_value": 113.700722, "relative_strength": -13.566275, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.547569, "energy": 9.669623, "activity_lines": [ 113.946666, 113.405454, 116.038571, 116.132903 ] }, { "date": "2026-02-20", "close": 118.900002, "volume": 610, "typical_volume": 39.65, "trend": 116.07, "fair_value": 113.664907, "relative_strength": -14.13102, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.044239, "energy": 13.573674, "activity_lines": [ 116.093334, 114.18, 116.208095, 116.331183 ] }, { "date": "2026-02-27", "close": 118.900002, "volume": 0, "typical_volume": 35.6, "trend": 116.466667, "fair_value": 113.614858, "relative_strength": -12.37809, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.206658, "energy": 19.065583, "activity_lines": [ 117.586668, 115.216364, 116.346191, 116.513764 ] }, { "date": "2026-03-06", "close": 107.199997, "volume": 90, "typical_volume": 39.35, "trend": 116.276667, "fair_value": 113.478243, "relative_strength": -16.427715, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.155735, "energy": 20.639012, "activity_lines": [ 114.466667, 114.003636, 115.354286, 115.915914 ] }, { "date": "2026-03-13", "close": 103.5, "volume": 0, "typical_volume": 39.35, "trend": 115.666667, "fair_value": 113.343414, "relative_strength": -16.996927, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.944732, "energy": 48.718375, "activity_lines": [ 110.473333, 112.192727, 114.068095, 115.091613 ] }, { "date": "2026-03-20", "close": 103.400002, "volume": 360, "typical_volume": 57.35, "trend": 115.016667, "fair_value": 113.232853, "relative_strength": -15.806712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.58479, "energy": 77.147253, "activity_lines": [ 107.286667, 110.509091, 112.856667, 114.300215 ] }, { "date": "2026-03-27", "close": 103.400002, "volume": 0, "typical_volume": 57.35, "trend": 114.72, "fair_value": 113.122291, "relative_strength": -16.825643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.572222, "energy": 80.307219, "activity_lines": [ 104.960001, 109.05091, 111.717143, 113.550753 ] }, { "date": "2026-04-03", "close": 104.702332, "volume": 0, "typical_volume": 57.35, "trend": 114.506745, "fair_value": 113.020079, "relative_strength": -18.295496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.360843, "energy": 76.54168, "activity_lines": [ 104.100778, 107.933152, 110.768794, 112.904452 ] }, { "date": "2026-04-10", "close": 113.202148, "volume": 0, "typical_volume": 57.35, "trend": 114.516816, "fair_value": 112.940918, "relative_strength": -16.682444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.130237, "energy": 51.562436, "activity_lines": [ 107.021339, 108.424409, 110.708511, 112.820284 ] }, { "date": "2026-04-17", "close": 109.821541, "volume": 0, "typical_volume": 57.35, "trend": 114.510868, "fair_value": 112.838308, "relative_strength": -20.640263, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.033152, "energy": 27.246715, "activity_lines": [ 108.414887, 108.290062, 110.363875, 112.517363 ] }, { "date": "2026-04-24", "close": 105.378456, "volume": 0, "typical_volume": 57.35, "trend": 114.360149, "fair_value": 112.700693, "relative_strength": -20.631851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.132148, "energy": 25.751961, "activity_lines": [ 107.90597, 107.462036, 109.675032, 111.928175 ] }, { "date": "2026-05-01", "close": 99.293358, "volume": 0, "typical_volume": 57.35, "trend": 113.926595, "fair_value": 112.499754, "relative_strength": -25.162232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.112105, "energy": 38.383491, "activity_lines": [ 105.236791, 105.726201, 108.489616, 110.956124 ] }, { "date": "2026-05-08", "close": 103.736443, "volume": 0, "typical_volume": 57.35, "trend": 113.531143, "fair_value": 112.329076, "relative_strength": -22.483517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.25819, "energy": 39.626681, "activity_lines": [ 104.322416, 105.154684, 107.889288, 110.298695 ] }, { "date": "2026-05-15", "close": 101.611488, "volume": 0, "typical_volume": 57.35, "trend": 112.938192, "fair_value": 112.128169, "relative_strength": -23.229596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.922513, "energy": 58.420128, "activity_lines": [ 102.764116, 104.472514, 107.126885, 109.529685 ] }, { "date": "2026-05-22", "close": 105.475044, "volume": 97, "typical_volume": 62.2, "trend": 112.414027, "fair_value": 111.947878, "relative_strength": -21.436743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.8656, "energy": 46.767998, "activity_lines": [ 103.266378, 104.594417, 106.778576, 109.048192 ] }, { "date": "2026-05-29", "close": 111.173782, "volume": 0, "typical_volume": 62.2, "trend": 112.16982, "fair_value": 111.825468, "relative_strength": -18.876068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.179661, "energy": 17.998255, "activity_lines": [ 105.957986, 105.716544, 107.001695, 108.968176 ] }, { "date": "2026-06-05", "close": 107.400002, "volume": 0, "typical_volume": 62.2, "trend": 111.833153, "fair_value": 111.675046, "relative_strength": -20.258752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.797689, "energy": 16.421486, "activity_lines": [ 107.005313, 106.011188, 106.887435, 108.660446 ] }, { "date": "2026-06-12", "close": 106.0, "volume": 0, "typical_volume": 62.2, "trend": 111.326487, "fair_value": 111.515043, "relative_strength": -22.963774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.758044, "energy": 18.824471, "activity_lines": [ 107.045529, 105.978559, 106.647937, 108.284113 ] }, { "date": "2026-06-19", "close": 110.400002, "volume": 0, "typical_volume": 62.2, "trend": 110.96982, "fair_value": 111.39113, "relative_strength": -22.577449, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.869066, "energy": 15.258751, "activity_lines": [ 108.401508, 106.722337, 106.837963, 108.22434 ] }, { "date": "2026-06-26", "close": 115.300003, "volume": 0, "typical_volume": 62.2, "trend": 110.59982, "fair_value": 111.319858, "relative_strength": -17.181759, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.553896, "energy": 27.46669, "activity_lines": [ 110.804921, 108.407971, 107.505132, 108.503707 ] }, { "date": "2026-07-03", "close": 115.599998, "volume": 0, "typical_volume": 57.85, "trend": 110.35982, "fair_value": 111.279623, "relative_strength": -18.499453, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.94995, "energy": 44.784868, "activity_lines": [ 112.653334, 110.048542, 108.204681, 108.826299 ] }, { "date": "2026-07-10", "close": 110.900002, "volume": 0, "typical_volume": 27.35, "trend": 109.613153, "fair_value": 111.195916, "relative_strength": -20.364362, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.396964, "energy": 40.6075, "activity_lines": [ 112.640001, 110.648722, 108.459945, 108.861149 ] }, { "date": "2026-07-17", "close": 106.5, "volume": 0, "typical_volume": 27.35, "trend": 109.423153, "fair_value": 111.092496, "relative_strength": -21.550651, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.014561, "energy": 23.405132, "activity_lines": [ 110.926667, 110.237872, 108.334256, 108.660301 ] }, { "date": "2026-07-24", "close": 105.900002, "volume": 0, "typical_volume": 22.85, "trend": 109.243153, "fair_value": 111.017378, "relative_strength": -22.53394, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.237227, "energy": 7.43271, "activity_lines": [ 108.980001, 109.667685, 108.210473, 108.433001 ] }, { "date": "2026-07-31", "close": 120.5, "volume": 0, "typical_volume": 22.85, "trend": 109.543153, "fair_value": 111.038883, "relative_strength": -11.451838, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 42.969797, "energy": 22.838629, "activity_lines": [ 112.200001, 111.67407, 109.483356, 109.159249 ] }, { "date": "2026-08-07", "close": 116.699997, "volume": 0, "typical_volume": 4.85, "trend": 109.573153, "fair_value": 111.036028, "relative_strength": -16.268362, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.697874, "energy": 34.728285, "activity_lines": [ 113.806666, 112.716364, 110.313381, 109.620981 ] } ], "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." } } }