{ "ticker": { "uuid": "c78a04d5-8264-48ab-bab0-204d6a707ba1", "symbol": "FHLC", "name": "FIDELITY COVINGTON TRUST MSCI HEALTH CARE INDEX ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.732, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 77.526, "architecture_energy": 61.504, "architecture_maturity": 18.174, "architecture_confidence": 70.941, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 10.93, "rotation_up": 73.91, "upward_expansion": 87.33, "deceleration": 53.44, "rotation_down": 15.75, "downward_expansion": 9.33 }, "activity_lines": [ 79.337, 78.410474, 75.776594, 74.534903 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 80.67, "trend_reference": 73.632262, "distance_from_trend": 0.09558, "trend_direction": "Improving", "fair_value": 67.079511, "distance_from_fair_value": 0.202603, "fair_value_direction": "Improving", "relative_strength": 0.037446, "relative_strength_direction": "Improving", "price_momentum": 0.08035, "excess_performance": -0.045275, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09558, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.017456, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.202603, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.149987, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000374, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.101545, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.08035, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.874206, "read": "Demand-led" } ], "volume": { "latest": 888704, "relative_activity": 0.905347, "balance": 1.874206, "dry_up": 1.056048, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.034791, "annualized_volatility": 0.17096, "from_high_reference": -0.00848, "from_low_reference": 0.317985 }, "levels": { "trend_reference": 73.632262, "fair_value_reference": 67.079511, "structural_low": 68.211597, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.009702, "positive_rate": 0.52, "directional_follow_through": 0.52, "median_excess_return": 0.002562, "regime_survival": 0.72, "best_return": 0.053223, "worst_return": -0.098628, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.016962, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.025587, "regime_survival": 0.222222, "best_return": 0.112241, "worst_return": -0.101173, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.010706, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.043656, "regime_survival": 0.428571, "best_return": 0.086797, "worst_return": -0.052002, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.024904, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.18409, "regime_survival": 0.0, "best_return": 0.027851, "worst_return": -0.034436, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-14", "end": "2024-10-11", "tenure": "Established", "return": 0.065958, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": -0.072905, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-27", "tenure": "Developing", "return": -0.031942, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-02-14", "tenure": "Developing", "return": 0.038078, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.018922, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-07-18", "tenure": "Established", "return": -0.005272, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-09-05", "tenure": "Developing", "return": 0.021602, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": 0.052425, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2026-03-27", "tenure": "Established", "return": 0.01156, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.019847, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.00545, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-06-12", "tenure": "Developing", "return": 0.065918, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-19", "end": "2026-07-10", "tenure": "New", "return": 0.085641, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.029085, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 60.272409, "volume": 608255, "typical_volume": 762823.7, "trend": 59.650034, "fair_value": 58.045774, "relative_strength": -6.270352, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.978298, "energy": 29.45611, "activity_lines": [ 60.77787, 60.626962, 60.28361, 59.979576 ] }, { "date": "2023-08-25", "close": 60.320274, "volume": 489111, "typical_volume": 758144.3, "trend": 59.655606, "fair_value": 58.118095, "relative_strength": -6.84834, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.697564, "energy": 17.719628, "activity_lines": [ 60.549391, 60.598939, 60.295145, 60.022817 ] }, { "date": "2023-09-01", "close": 60.550029, "volume": 948045, "typical_volume": 772976.25, "trend": 59.665987, "fair_value": 58.199428, "relative_strength": -8.679598, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.249136, "energy": 17.897865, "activity_lines": [ 60.502164, 60.610079, 60.328427, 60.080522 ] }, { "date": "2023-09-08", "close": 59.72674, "volume": 439218, "typical_volume": 768889.3, "trend": 59.664761, "fair_value": 58.278428, "relative_strength": -8.616269, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.840385, "energy": 14.141646, "activity_lines": [ 60.242413, 60.464741, 60.284434, 60.084441 ] }, { "date": "2023-09-15", "close": 59.71621, "volume": 385883, "typical_volume": 743751.95, "trend": 59.6616, "fair_value": 58.351495, "relative_strength": -8.318525, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.564147, "energy": 14.154057, "activity_lines": [ 60.003404, 60.330195, 60.244902, 60.08776 ] }, { "date": "2023-09-22", "close": 58.736311, "volume": 606779, "typical_volume": 743152.95, "trend": 59.684051, "fair_value": 58.424131, "relative_strength": -6.918533, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.513278, "energy": 24.099003, "activity_lines": [ 59.54313, 60.001142, 60.115424, 60.028064 ] }, { "date": "2023-09-29", "close": 58.198327, "volume": 664446, "typical_volume": 738851.3, "trend": 59.67115, "fair_value": 58.48989, "relative_strength": -6.902594, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.487743, "energy": 45.909744, "activity_lines": [ 59.005935, 59.599418, 59.943662, 59.932211 ] }, { "date": "2023-10-06", "close": 58.582601, "volume": 813214, "typical_volume": 748938.55, "trend": 59.759737, "fair_value": 58.543339, "relative_strength": -6.512521, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.786842, "energy": 53.688102, "activity_lines": [ 58.738294, 59.334687, 59.817105, 59.861982 ] }, { "date": "2023-10-13", "close": 58.457712, "volume": 656521, "typical_volume": 742552.0, "trend": 59.815277, "fair_value": 58.596873, "relative_strength": -6.864261, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.351573, "energy": 66.352844, "activity_lines": [ 58.560185, 59.099905, 59.683524, 59.777981 ] }, { "date": "2023-10-20", "close": 57.525847, "volume": 676878, "typical_volume": 729758.0, "trend": 59.814319, "fair_value": 58.645439, "relative_strength": -5.892819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.866288, "energy": 73.668815, "activity_lines": [ 58.156057, 58.72538, 59.458892, 59.630275 ] }, { "date": "2023-10-27", "close": 55.258629, "volume": 1037096, "typical_volume": 738072.05, "trend": 59.70186, "fair_value": 58.696846, "relative_strength": -7.03372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.759986, "energy": 85.460565, "activity_lines": [ 57.142213, 58.007195, 59.026693, 59.33636 ] }, { "date": "2023-11-03", "close": 57.391351, "volume": 1060737, "typical_volume": 761892.45, "trend": 59.605169, "fair_value": 58.738698, "relative_strength": -8.467993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.504816, "energy": 72.417564, "activity_lines": [ 57.071122, 57.767937, 58.817218, 59.187295 ] }, { "date": "2023-11-10", "close": 56.555555, "volume": 928443, "typical_volume": 783653.6, "trend": 59.464084, "fair_value": 58.768516, "relative_strength": -10.731096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.545977, "energy": 74.121356, "activity_lines": [ 56.775231, 57.42997, 58.541407, 58.990546 ] }, { "date": "2023-11-17", "close": 57.766018, "volume": 759719, "typical_volume": 737844.35, "trend": 59.360487, "fair_value": 58.81407, "relative_strength": -10.570486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.745775, "energy": 53.441938, "activity_lines": [ 57.017965, 57.384714, 58.398122, 58.880993 ] }, { "date": "2023-11-24", "close": 59.048533, "volume": 425199, "typical_volume": 730390.25, "trend": 59.314584, "fair_value": 58.864655, "relative_strength": -9.189144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.253528, "energy": 25.205304, "activity_lines": [ 57.734316, 57.608291, 58.389646, 58.860867 ] }, { "date": "2023-12-01", "close": 59.524073, "volume": 684200, "typical_volume": 702940.55, "trend": 59.278173, "fair_value": 58.909187, "relative_strength": -8.89066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.860794, "energy": 16.786938, "activity_lines": [ 58.507667, 57.93047, 58.425358, 58.874382 ] }, { "date": "2023-12-08", "close": 59.668176, "volume": 645760, "typical_volume": 699090.5, "trend": 59.266914, "fair_value": 58.955292, "relative_strength": -8.529934, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.44551, "energy": 21.086641, "activity_lines": [ 59.044691, 58.264527, 58.477628, 58.899544 ] }, { "date": "2023-12-15", "close": 60.930516, "volume": 972842, "typical_volume": 709227.9, "trend": 59.311087, "fair_value": 59.004148, "relative_strength": -8.405662, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.689541, "energy": 35.652621, "activity_lines": [ 59.850706, 58.801375, 58.660703, 59.006873 ] }, { "date": "2023-12-22", "close": 61.788557, "volume": 776974, "typical_volume": 714530.3, "trend": 59.43823, "fair_value": 59.060046, "relative_strength": -7.574699, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.808219, "energy": 52.767996, "activity_lines": [ 60.65107, 59.451542, 58.928105, 59.16671 ] }, { "date": "2023-12-29", "close": 62.367011, "volume": 633470, "typical_volume": 710639.5, "trend": 59.541096, "fair_value": 59.11716, "relative_strength": -6.651435, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.462243, "energy": 66.068588, "activity_lines": [ 61.376084, 60.146321, 59.242513, 59.355663 ] }, { "date": "2024-01-05", "close": 63.31182, "volume": 787770, "typical_volume": 719615.25, "trend": 59.672277, "fair_value": 59.167573, "relative_strength": -3.427722, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.853814, "energy": 75.826031, "activity_lines": [ 62.194802, 60.924862, 59.641806, 59.598936 ] }, { "date": "2024-01-12", "close": 63.948119, "volume": 727023, "typical_volume": 731510.85, "trend": 59.797992, "fair_value": 59.221709, "relative_strength": -3.966582, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.909948, "energy": 88.197717, "activity_lines": [ 62.973103, 61.672673, 60.087225, 59.874796 ] }, { "date": "2024-01-19", "close": 63.427511, "volume": 611572, "typical_volume": 714687.2, "trend": 59.906353, "fair_value": 59.269066, "relative_strength": -5.577198, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.482525, "energy": 84.529217, "activity_lines": [ 63.292538, 62.206614, 60.465788, 60.108959 ] }, { "date": "2024-01-26", "close": 63.398588, "volume": 736327, "typical_volume": 729542.65, "trend": 60.005453, "fair_value": 59.324842, "relative_strength": -6.319648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.953414, "energy": 82.296604, "activity_lines": [ 63.435866, 62.610351, 60.827893, 60.334265 ] }, { "date": "2024-02-02", "close": 64.497651, "volume": 844554, "typical_volume": 752476.2, "trend": 60.194798, "fair_value": 59.381551, "relative_strength": -5.800645, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.741998, "energy": 86.933437, "activity_lines": [ 63.838213, 63.111507, 61.277186, 60.624084 ] }, { "date": "2024-02-09", "close": 65.490664, "volume": 739631, "typical_volume": 759118.8, "trend": 60.373846, "fair_value": 59.438929, "relative_strength": -5.42071, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.685396, "energy": 88.552856, "activity_lines": [ 64.429522, 63.694137, 61.798283, 60.965752 ] }, { "date": "2024-02-16", "close": 66.310141, "volume": 600758, "typical_volume": 755934.4, "trend": 60.521175, "fair_value": 59.511173, "relative_strength": -3.693943, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.99599, "energy": 90.577979, "activity_lines": [ 65.148733, 64.317278, 62.365262, 61.348739 ] }, { "date": "2024-02-23", "close": 67.158541, "volume": 411040, "typical_volume": 735825.7, "trend": 60.710506, "fair_value": 59.597519, "relative_strength": -3.842411, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.312738, "energy": 92.72919, "activity_lines": [ 65.993277, 64.973912, 62.974413, 61.776956 ] }, { "date": "2024-03-01", "close": 66.743982, "volume": 634306, "typical_volume": 734714.95, "trend": 60.932288, "fair_value": 59.684827, "relative_strength": -5.141901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.859646, "energy": 87.483684, "activity_lines": [ 66.450898, 65.441934, 63.503245, 62.166213 ] }, { "date": "2024-03-08", "close": 66.763264, "volume": 484068, "typical_volume": 725074.45, "trend": 61.114505, "fair_value": 59.765197, "relative_strength": -4.682282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.187686, "energy": 78.53178, "activity_lines": [ 66.691921, 65.823363, 63.994454, 62.542405 ] }, { "date": "2024-03-15", "close": 66.086472, "volume": 673978, "typical_volume": 706918.55, "trend": 61.308307, "fair_value": 59.840926, "relative_strength": -5.353905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.133496, "energy": 65.745261, "activity_lines": [ 66.556306, 66.001808, 64.37722, 62.863177 ] }, { "date": "2024-03-22", "close": 66.434754, "volume": 526126, "typical_volume": 680188.0, "trend": 61.512123, "fair_value": 59.91603, "relative_strength": -6.669238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.579821, "energy": 62.508225, "activity_lines": [ 66.497064, 66.193128, 64.741594, 63.193916 ] }, { "date": "2024-03-29", "close": 67.498948, "volume": 1981890, "typical_volume": 732860.35, "trend": 61.743754, "fair_value": 59.997777, "relative_strength": -5.294544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.519421, "energy": 65.109642, "activity_lines": [ 66.784245, 66.532726, 65.164256, 63.580162 ] }, { "date": "2024-04-05", "close": 65.438281, "volume": 793755, "typical_volume": 734562.15, "trend": 61.934139, "fair_value": 60.063337, "relative_strength": -7.058844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.130743, "energy": 45.994384, "activity_lines": [ 66.361844, 66.423632, 65.338552, 63.818519 ] }, { "date": "2024-04-12", "close": 63.532406, "volume": 587468, "typical_volume": 742675.6, "trend": 62.061345, "fair_value": 60.105546, "relative_strength": -8.099424, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.90694, "energy": 26.723756, "activity_lines": [ 65.391199, 65.930929, 65.294803, 63.921633 ] }, { "date": "2024-04-19", "close": 63.242171, "volume": 507953, "typical_volume": 733863.25, "trend": 62.211541, "fair_value": 60.139941, "relative_strength": -5.32304, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.339386, "energy": 20.258728, "activity_lines": [ 64.539198, 65.403006, 65.202059, 63.997815 ] }, { "date": "2024-04-26", "close": 63.725895, "volume": 460145, "typical_volume": 724582.5, "trend": 62.395793, "fair_value": 60.183152, "relative_strength": -6.765177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.805673, "energy": 22.652743, "activity_lines": [ 64.038059, 65.003915, 65.13768, 64.095515 ] }, { "date": "2024-05-03", "close": 64.354738, "volume": 464385, "typical_volume": 699159.65, "trend": 62.588197, "fair_value": 60.227179, "relative_strength": -6.0919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.778158, "energy": 24.501608, "activity_lines": [ 63.927125, 64.766146, 65.113868, 64.221899 ] }, { "date": "2024-05-10", "close": 65.418932, "volume": 332131, "typical_volume": 676917.5, "trend": 62.820238, "fair_value": 60.281421, "relative_strength": -5.988398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.541261, "energy": 17.660918, "activity_lines": [ 64.380536, 64.772844, 65.175102, 64.404527 ] }, { "date": "2024-05-17", "close": 66.637918, "volume": 372596, "typical_volume": 663873.8, "trend": 63.123974, "fair_value": 60.340144, "relative_strength": -5.541099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.615729, "energy": 26.795373, "activity_lines": [ 65.241566, 65.025268, 65.335142, 64.650829 ] }, { "date": "2024-05-24", "close": 65.670469, "volume": 367608, "typical_volume": 642865.7, "trend": 63.471035, "fair_value": 60.392664, "relative_strength": -6.695228, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.016513, "energy": 30.909491, "activity_lines": [ 65.573079, 65.104071, 65.382707, 64.815119 ] }, { "date": "2024-05-31", "close": 65.360885, "volume": 1125583, "typical_volume": 662793.7, "trend": 63.736686, "fair_value": 60.447071, "relative_strength": -6.545979, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 39.285653, "energy": 32.310794, "activity_lines": [ 65.63951, 65.13415, 65.389556, 64.937045 ] }, { "date": "2024-06-07", "close": 66.59922, "volume": 427864, "typical_volume": 653608.3, "trend": 64.071475, "fair_value": 60.499234, "relative_strength": -5.748774, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.61344, "energy": 42.541106, "activity_lines": [ 66.009721, 65.408906, 65.507614, 65.121724 ] }, { "date": "2024-06-14", "close": 66.357358, "volume": 488324, "typical_volume": 641208.15, "trend": 64.357853, "fair_value": 60.553043, "relative_strength": -7.390932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.376418, "energy": 43.125599, "activity_lines": [ 66.149679, 65.656045, 65.587534, 65.269201 ] }, { "date": "2024-06-21", "close": 66.794645, "volume": 485730, "typical_volume": 623266.95, "trend": 64.616057, "fair_value": 60.600639, "relative_strength": -7.130704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.520564, "energy": 45.254031, "activity_lines": [ 66.372837, 65.965981, 65.695011, 65.426413 ] }, { "date": "2024-06-28", "close": 66.600475, "volume": 517890, "typical_volume": 612179.9, "trend": 64.851937, "fair_value": 60.641317, "relative_strength": -7.136983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.487304, "energy": 48.270021, "activity_lines": [ 66.520824, 66.181299, 65.773058, 65.55444 ] }, { "date": "2024-07-05", "close": 66.03738, "volume": 591185, "typical_volume": 611701.25, "trend": 65.064244, "fair_value": 60.677848, "relative_strength": -9.428087, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.78126, "energy": 34.525719, "activity_lines": [ 66.419111, 66.233177, 65.792192, 65.63092 ] }, { "date": "2024-07-12", "close": 68.047045, "volume": 1413611, "typical_volume": 661829.8, "trend": 65.301461, "fair_value": 60.729948, "relative_strength": -7.371273, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.612651, "energy": 55.262645, "activity_lines": [ 66.942188, 66.608421, 66.004021, 65.823359 ] }, { "date": "2024-07-19", "close": 67.765497, "volume": 873184, "typical_volume": 673773.7, "trend": 65.500693, "fair_value": 60.770749, "relative_strength": -5.693891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.162323, "energy": 54.58656, "activity_lines": [ 67.274893, 66.865342, 66.184805, 65.982329 ] }, { "date": "2024-07-26", "close": 68.901395, "volume": 498551, "typical_volume": 674497.85, "trend": 65.718506, "fair_value": 60.817756, "relative_strength": -3.171099, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.862216, "energy": 68.708011, "activity_lines": [ 67.892356, 67.286125, 66.468906, 66.201729 ] }, { "date": "2024-08-02", "close": 69.085857, "volume": 898392, "typical_volume": 685718.55, "trend": 65.910973, "fair_value": 60.863319, "relative_strength": -0.710981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.269501, "energy": 76.079746, "activity_lines": [ 68.430855, 67.699292, 66.760393, 66.418978 ] }, { "date": "2024-08-09", "close": 68.707224, "volume": 493148, "typical_volume": 684069.65, "trend": 66.06961, "fair_value": 60.907111, "relative_strength": -1.117881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.847379, "energy": 68.315492, "activity_lines": [ 68.677451, 67.981519, 67.001537, 66.599381 ] }, { "date": "2024-08-16", "close": 70.008167, "volume": 407309, "typical_volume": 605340.6, "trend": 66.288965, "fair_value": 60.953629, "relative_strength": -2.924283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.497853, "energy": 75.940749, "activity_lines": [ 69.179706, 68.439438, 67.355759, 66.853481 ] }, { "date": "2024-08-23", "close": 71.396485, "volume": 356623, "typical_volume": 583484.0, "trend": 66.555562, "fair_value": 61.009584, "relative_strength": -2.202696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.870642, "energy": 83.069548, "activity_lines": [ 70.013992, 69.087798, 67.830253, 67.182999 ] }, { "date": "2024-08-30", "close": 72.008122, "volume": 467075, "typical_volume": 577464.35, "trend": 66.805911, "fair_value": 61.062353, "relative_strength": -1.514466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.461481, "energy": 88.398531, "activity_lines": [ 70.81009, 69.755745, 68.334626, 67.534777 ] }, { "date": "2024-09-06", "close": 70.386799, "volume": 2358672, "typical_volume": 670000.3, "trend": 66.969116, "fair_value": 61.115, "relative_strength": 0.507378, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.355188, "energy": 79.177325, "activity_lines": [ 70.858633, 70.034115, 68.644226, 67.765802 ] }, { "date": "2024-09-13", "close": 71.571239, "volume": 321780, "typical_volume": 663082.05, "trend": 67.144485, "fair_value": 61.175539, "relative_strength": -1.610572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.230916, "energy": 77.699875, "activity_lines": [ 71.21526, 70.458995, 69.032608, 68.062713 ] }, { "date": "2024-09-20", "close": 71.357651, "volume": 314889, "typical_volume": 655607.25, "trend": 67.284456, "fair_value": 61.236805, "relative_strength": -3.095648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.587991, "energy": 58.003853, "activity_lines": [ 71.309756, 70.744426, 69.36329, 68.33453 ] }, { "date": "2024-09-27", "close": 70.47116, "volume": 487375, "typical_volume": 663369.45, "trend": 67.408695, "fair_value": 61.305982, "relative_strength": -4.631074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.352291, "energy": 47.677725, "activity_lines": [ 71.018789, 70.808483, 69.576197, 68.540124 ] }, { "date": "2024-10-04", "close": 69.847694, "volume": 558142, "typical_volume": 672646.75, "trend": 67.511509, "fair_value": 61.373499, "relative_strength": -5.494376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.180437, "energy": 37.312054, "activity_lines": [ 70.581689, 70.709989, 69.705668, 68.697479 ] }, { "date": "2024-10-11", "close": 70.734185, "volume": 681446, "typical_volume": 688338.65, "trend": 67.666433, "fair_value": 61.443224, "relative_strength": -5.168907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.526497, "energy": 31.821146, "activity_lines": [ 70.584115, 70.75547, 69.904282, 68.905393 ] }, { "date": "2024-10-18", "close": 70.685477, "volume": 473313, "typical_volume": 655725.15, "trend": 67.808124, "fair_value": 61.502936, "relative_strength": -5.799794, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.473548, "energy": 27.752377, "activity_lines": [ 70.547145, 70.762126, 70.074144, 69.10017 ] }, { "date": "2024-10-25", "close": 68.522829, "volume": 377482, "typical_volume": 653206.05, "trend": 67.842253, "fair_value": 61.543334, "relative_strength": -7.556766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.883078, "energy": 17.286408, "activity_lines": [ 69.848344, 70.339604, 70.012684, 69.14628 ] }, { "date": "2024-11-01", "close": 68.308512, "volume": 429858, "typical_volume": 650282.75, "trend": 67.937928, "fair_value": 61.582, "relative_strength": -6.355137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.03979, "energy": 10.909901, "activity_lines": [ 69.267091, 69.905122, 69.921654, 69.176362 ] }, { "date": "2024-11-08", "close": 69.682086, "volume": 664779, "typical_volume": 659235.2, "trend": 68.142917, "fair_value": 61.62953, "relative_strength": -8.62058, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.21166, "energy": 15.858565, "activity_lines": [ 69.287874, 69.776525, 69.952148, 69.288888 ] }, { "date": "2024-11-15", "close": 65.532139, "volume": 774720, "typical_volume": 672076.7, "trend": 68.219249, "fair_value": 61.654531, "relative_strength": -11.998592, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -44.497972, "energy": 40.997026, "activity_lines": [ 67.936381, 68.935684, 69.57366, 69.120451 ] }, { "date": "2024-11-22", "close": 66.76933, "volume": 775936, "typical_volume": 681314.25, "trend": 68.320697, "fair_value": 61.693092, "relative_strength": -11.548095, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.44273, "energy": 50.112964, "activity_lines": [ 67.344088, 68.408054, 69.318087, 69.026907 ] }, { "date": "2024-11-29", "close": 68.386445, "volume": 446356, "typical_volume": 632951.5, "trend": 68.455087, "fair_value": 61.749564, "relative_strength": -10.220275, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.006591, "energy": 44.43993, "activity_lines": [ 67.55191, 68.261752, 69.21304, 69.031149 ] }, { "date": "2024-12-06", "close": 67.090805, "volume": 597880, "typical_volume": 619186.3, "trend": 68.510816, "fair_value": 61.786532, "relative_strength": -12.403175, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.105592, "energy": 50.025386, "activity_lines": [ 67.336944, 67.933901, 68.982982, 68.943131 ] }, { "date": "2024-12-13", "close": 65.395756, "volume": 616934, "typical_volume": 625105.45, "trend": 68.469411, "fair_value": 61.802071, "relative_strength": -13.807411, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.676811, "energy": 49.478287, "activity_lines": [ 66.638142, 67.35932, 68.594703, 68.742159 ] }, { "date": "2024-12-20", "close": 63.971526, "volume": 1099645, "typical_volume": 635168.1, "trend": 68.41278, "fair_value": 61.80193, "relative_strength": -13.792815, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.431775, "energy": 58.169511, "activity_lines": [ 65.750353, 66.606733, 68.087477, 68.451973 ] }, { "date": "2024-12-27", "close": 64.636571, "volume": 554701, "typical_volume": 638245.75, "trend": 68.388636, "fair_value": 61.803709, "relative_strength": -13.138795, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.466612, "energy": 75.884788, "activity_lines": [ 65.188285, 66.09802, 67.667943, 68.208347 ] }, { "date": "2025-01-03", "close": 64.724592, "volume": 642003, "typical_volume": 649980.45, "trend": 68.326148, "fair_value": 61.827684, "relative_strength": -12.196925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.226313, "energy": 76.279952, "activity_lines": [ 64.797743, 65.715292, 67.276176, 67.971957 ] }, { "date": "2025-01-10", "close": 64.871293, "volume": 606942, "typical_volume": 662496.4, "trend": 68.276613, "fair_value": 61.854642, "relative_strength": -9.925077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.687594, "energy": 71.088281, "activity_lines": [ 64.700224, 65.428295, 66.92354, 67.749063 ] }, { "date": "2025-01-17", "close": 65.194036, "volume": 803522, "typical_volume": 679318.75, "trend": 68.223259, "fair_value": 61.899171, "relative_strength": -11.736567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.95923, "energy": 50.097354, "activity_lines": [ 64.858253, 65.262473, 66.632714, 67.550187 ] }, { "date": "2025-01-24", "close": 67.198953, "volume": 708522, "typical_volume": 596811.25, "trend": 68.243208, "fair_value": 61.954689, "relative_strength": -10.280915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.719099, "energy": 31.649688, "activity_lines": [ 65.698036, 65.542783, 66.56528, 67.484103 ] }, { "date": "2025-01-31", "close": 68.294322, "volume": 729693, "typical_volume": 617206.9, "trend": 68.31844, "fair_value": 62.01086, "relative_strength": -7.617551, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.959197, "energy": 18.681219, "activity_lines": [ 66.687781, 65.991945, 66.617347, 67.487401 ] }, { "date": "2025-02-07", "close": 67.97158, "volume": 1094726, "typical_volume": 656198.75, "trend": 68.315924, "fair_value": 62.068628, "relative_strength": -7.615709, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.984337, "energy": 21.956133, "activity_lines": [ 67.326094, 66.354699, 66.654282, 67.465023 ] }, { "date": "2025-02-14", "close": 67.189173, "volume": 699626, "typical_volume": 666811.3, "trend": 68.296713, "fair_value": 62.130633, "relative_strength": -9.672682, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.761745, "energy": 26.04132, "activity_lines": [ 67.48714, 66.582741, 66.632825, 67.392329 ] }, { "date": "2025-02-21", "close": 67.775978, "volume": 531135, "typical_volume": 665460.95, "trend": 68.2592, "fair_value": 62.186185, "relative_strength": -7.094478, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.582042, "energy": 20.890203, "activity_lines": [ 67.689261, 66.915686, 66.682884, 67.358733 ] }, { "date": "2025-02-28", "close": 68.499704, "volume": 674354, "typical_volume": 665106.35, "trend": 68.239661, "fair_value": 62.244574, "relative_strength": -4.943716, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.666349, "energy": 21.538622, "activity_lines": [ 67.960496, 67.336941, 66.811734, 67.37425 ] }, { "date": "2025-03-07", "close": 68.460584, "volume": 845856, "typical_volume": 683733.5, "trend": 68.23144, "fair_value": 62.312506, "relative_strength": -1.779235, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.806154, "energy": 27.900586, "activity_lines": [ 68.131973, 67.668753, 66.947498, 67.388503 ] }, { "date": "2025-03-14", "close": 66.485007, "volume": 1072240, "typical_volume": 718471.4, "trend": 68.114001, "fair_value": 62.344233, "relative_strength": -2.193601, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.875355, "energy": 14.427081, "activity_lines": [ 67.633841, 67.571841, 66.905708, 67.27583 ] }, { "date": "2025-03-21", "close": 67.376951, "volume": 576736, "typical_volume": 725815.3, "trend": 67.980017, "fair_value": 62.383123, "relative_strength": -1.232832, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.067693, "energy": 13.395066, "activity_lines": [ 67.532128, 67.605093, 66.958568, 67.228278 ] }, { "date": "2025-03-28", "close": 66.493512, "volume": 721202, "typical_volume": 728636.45, "trend": 67.796196, "fair_value": 62.409418, "relative_strength": -0.894815, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.829801, "energy": 18.471246, "activity_lines": [ 67.123417, 67.432163, 66.931727, 67.132374 ] }, { "date": "2025-04-04", "close": 62.076316, "volume": 968903, "typical_volume": 738345.6, "trend": 67.51918, "fair_value": 62.396907, "relative_strength": 1.827254, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.715485, "energy": 53.689179, "activity_lines": [ 65.327805, 66.432479, 66.499384, 66.76335 ] }, { "date": "2025-04-11", "close": 62.70454, "volume": 1182674, "typical_volume": 758682.5, "trend": 67.223624, "fair_value": 62.399637, "relative_strength": -2.531107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.887286, "energy": 73.17879, "activity_lines": [ 64.169827, 65.640157, 66.143329, 66.452728 ] }, { "date": "2025-04-18", "close": 62.282452, "volume": 421330, "typical_volume": 757431.2, "trend": 66.921117, "fair_value": 62.415576, "relative_strength": -1.62923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.584978, "energy": 79.902964, "activity_lines": [ 63.25489, 64.872724, 65.766431, 66.133943 ] }, { "date": "2025-04-25", "close": 63.617427, "volume": 686919, "typical_volume": 761883.15, "trend": 66.692659, "fair_value": 62.451709, "relative_strength": -3.766153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.452965, "energy": 75.240865, "activity_lines": [ 63.065114, 64.451452, 65.54574, 65.920801 ] }, { "date": "2025-05-02", "close": 64.088594, "volume": 602650, "typical_volume": 761168.95, "trend": 66.500689, "fair_value": 62.493937, "relative_strength": -5.593259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.218799, "energy": 62.232274, "activity_lines": [ 63.283029, 64.180788, 65.386462, 65.752797 ] }, { "date": "2025-05-09", "close": 61.389197, "volume": 498690, "typical_volume": 731121.2, "trend": 66.18919, "fair_value": 62.522478, "relative_strength": -8.912536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.534101, "energy": 55.775045, "activity_lines": [ 62.761472, 63.486368, 64.976323, 65.423023 ] }, { "date": "2025-05-16", "close": 61.879997, "volume": 1503177, "typical_volume": 778545.0, "trend": 65.895674, "fair_value": 62.550548, "relative_strength": -12.469568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.587611, "energy": 45.497502, "activity_lines": [ 62.449324, 63.010466, 64.625223, 65.145011 ] }, { "date": "2025-05-23", "close": 60.495942, "volume": 707790, "typical_volume": 781834.35, "trend": 65.628111, "fair_value": 62.557629, "relative_strength": -11.896385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.506896, "energy": 50.725484, "activity_lines": [ 61.730794, 62.402564, 64.155436, 64.796641 ] }, { "date": "2025-05-30", "close": 61.644413, "volume": 509412, "typical_volume": 776957.85, "trend": 65.405974, "fair_value": 62.582742, "relative_strength": -11.489333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.482862, "energy": 48.754121, "activity_lines": [ 61.514187, 62.112368, 63.815163, 64.539628 ] }, { "date": "2025-06-06", "close": 62.65546, "volume": 497446, "typical_volume": 761654.05, "trend": 65.171753, "fair_value": 62.627237, "relative_strength": -11.187661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.837045, "energy": 41.410438, "activity_lines": [ 61.766131, 62.110226, 63.586547, 64.362176 ] }, { "date": "2025-06-13", "close": 63.293499, "volume": 835342, "typical_volume": 767995.05, "trend": 65.097132, "fair_value": 62.69072, "relative_strength": -9.699338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.260104, "energy": 30.825608, "activity_lines": [ 62.326297, 62.293874, 63.430784, 64.240998 ] }, { "date": "2025-06-20", "close": 61.847604, "volume": 829699, "typical_volume": 772995.35, "trend": 64.933074, "fair_value": 62.716197, "relative_strength": -11.328854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.635198, "energy": 26.1732, "activity_lines": [ 62.277544, 62.192502, 63.155915, 64.031351 ] }, { "date": "2025-06-27", "close": 62.783942, "volume": 913074, "typical_volume": 763912.75, "trend": 64.746324, "fair_value": 62.746889, "relative_strength": -12.694558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.72957, "energy": 19.164515, "activity_lines": [ 62.543064, 62.276954, 63.000919, 63.892698 ] }, { "date": "2025-07-04", "close": 63.404882, "volume": 504314, "typical_volume": 754147.15, "trend": 64.62346, "fair_value": 62.776178, "relative_strength": -13.027785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.211358, "energy": 17.535302, "activity_lines": [ 62.86303, 62.465185, 62.929764, 63.806153 ] }, { "date": "2025-07-11", "close": 63.217615, "volume": 685957, "typical_volume": 761888.25, "trend": 64.550855, "fair_value": 62.806807, "relative_strength": -12.733799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.451443, "energy": 16.256316, "activity_lines": [ 63.003209, 62.623233, 62.858794, 63.715453 ] }, { "date": "2025-07-18", "close": 61.749042, "volume": 680624, "typical_volume": 762201.75, "trend": 64.476773, "fair_value": 62.828324, "relative_strength": -14.924559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.35593, "energy": 20.496443, "activity_lines": [ 62.616387, 62.530103, 62.669666, 63.534691 ] }, { "date": "2025-07-25", "close": 63.877979, "volume": 922614, "typical_volume": 766039.65, "trend": 64.451486, "fair_value": 62.856168, "relative_strength": -12.90295, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.785711, "energy": 10.172988, "activity_lines": [ 63.042174, 62.817511, 62.71544, 63.496059 ] }, { "date": "2025-08-01", "close": 61.561774, "volume": 1185812, "typical_volume": 771718.25, "trend": 64.346059, "fair_value": 62.869044, "relative_strength": -13.518931, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.531817, "energy": 21.764403, "activity_lines": [ 62.560535, 62.647463, 62.562446, 63.309626 ] }, { "date": "2025-08-08", "close": 61.256232, "volume": 813310, "typical_volume": 783546.95, "trend": 64.225557, "fair_value": 62.873427, "relative_strength": -15.548468, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.718311, "energy": 31.651744, "activity_lines": [ 62.058526, 62.402483, 62.403796, 63.110283 ] }, { "date": "2025-08-15", "close": 64.124384, "volume": 970624, "typical_volume": 796018.05, "trend": 64.189902, "fair_value": 62.90031, "relative_strength": -12.035175, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.871598, "energy": 10.317967, "activity_lines": [ 62.655811, 62.686043, 62.547449, 63.103755 ] }, { "date": "2025-08-22", "close": 65.090291, "volume": 844679, "typical_volume": 789806.85, "trend": 64.119613, "fair_value": 62.948751, "relative_strength": -10.547982, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.124182, "energy": 6.315302, "activity_lines": [ 63.514614, 63.118515, 62.794376, 63.161845 ] }, { "date": "2025-08-29", "close": 64.725612, "volume": 738322, "typical_volume": 767589.25, "trend": 64.000656, "fair_value": 63.002841, "relative_strength": -10.571129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.454095, "energy": 29.50444, "activity_lines": [ 64.029108, 63.452013, 62.992218, 63.200942 ] }, { "date": "2025-09-05", "close": 65.257846, "volume": 567632, "typical_volume": 774904.35, "trend": 63.910198, "fair_value": 63.043402, "relative_strength": -9.660035, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.529321, "energy": 43.099864, "activity_lines": [ 64.664503, 63.829953, 63.231126, 63.282051 ] }, { "date": "2025-09-12", "close": 65.24799, "volume": 712885, "typical_volume": 776202.65, "trend": 63.845492, "fair_value": 63.093871, "relative_strength": -10.613864, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.425772, "energy": 54.230989, "activity_lines": [ 65.050209, 64.161121, 63.454926, 63.36836 ] }, { "date": "2025-09-19", "close": 64.97793, "volume": 767329, "typical_volume": 784436.6, "trend": 63.752224, "fair_value": 63.157121, "relative_strength": -11.624452, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.462136, "energy": 50.520603, "activity_lines": [ 65.079778, 64.409676, 63.645242, 63.44142 ] }, { "date": "2025-09-26", "close": 64.522778, "volume": 845821, "typical_volume": 801793.15, "trend": 63.61966, "fair_value": 63.220671, "relative_strength": -11.574913, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.242995, "energy": 39.16928, "activity_lines": [ 64.900726, 64.543471, 63.787975, 63.491133 ] }, { "date": "2025-10-03", "close": 68.668621, "volume": 1224819, "typical_volume": 787875.25, "trend": 63.626594, "fair_value": 63.30679, "relative_strength": -6.594125, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.491956, "energy": 67.330726, "activity_lines": [ 66.141456, 65.380623, 64.310628, 63.816873 ] }, { "date": "2025-10-10", "close": 67.501057, "volume": 805920, "typical_volume": 792781.75, "trend": 63.660463, "fair_value": 63.383906, "relative_strength": -5.572756, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.250371, "energy": 67.519427, "activity_lines": [ 66.73013, 65.918389, 64.689758, 64.066838 ] }, { "date": "2025-10-17", "close": 68.173891, "volume": 576771, "typical_volume": 796149.7, "trend": 63.687027, "fair_value": 63.457988, "relative_strength": -5.936964, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.258599, "energy": 75.340882, "activity_lines": [ 67.393535, 66.470501, 65.09961, 64.358027 ] }, { "date": "2025-10-24", "close": 69.509664, "volume": 798865, "typical_volume": 811220.65, "trend": 63.787566, "fair_value": 63.522538, "relative_strength": -5.629962, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.19299, "energy": 86.055659, "activity_lines": [ 68.307138, 67.139705, 65.605585, 64.733681 ] }, { "date": "2025-10-31", "close": 68.896198, "volume": 517083, "typical_volume": 795307.7, "trend": 64.014895, "fair_value": 63.589956, "relative_strength": -6.791902, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.715673, "energy": 82.213994, "activity_lines": [ 68.714137, 67.599456, 66.020497, 65.06327 ] }, { "date": "2025-11-07", "close": 69.529453, "volume": 1555231, "typical_volume": 831584.3, "trend": 64.242392, "fair_value": 63.653357, "relative_strength": -4.13765, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.336715, "energy": 83.867154, "activity_lines": [ 69.040659, 68.105146, 66.469038, 65.419048 ] }, { "date": "2025-11-14", "close": 72.003106, "volume": 705770, "typical_volume": 821219.1, "trend": 64.566414, "fair_value": 63.730126, "relative_strength": -0.761762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.828289, "energy": 92.30226, "activity_lines": [ 70.134344, 68.973249, 67.116585, 65.919739 ] }, { "date": "2025-11-21", "close": 73.338879, "volume": 701326, "typical_volume": 831069.7, "trend": 64.890462, "fair_value": 63.808231, "relative_strength": 3.098132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.516175, "energy": 92.794031, "activity_lines": [ 71.373149, 69.961578, 67.847448, 66.485705 ] }, { "date": "2025-11-28", "close": 75.050647, "volume": 629981, "typical_volume": 828270.9, "trend": 65.255864, "fair_value": 63.888444, "relative_strength": 1.835292, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.989266, "energy": 94.957772, "activity_lines": [ 72.838212, 71.11403, 68.694032, 67.141201 ] }, { "date": "2025-12-05", "close": 73.230038, "volume": 758112, "typical_volume": 832145.3, "trend": 65.650559, "fair_value": 63.964152, "relative_strength": -0.881403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.021303, "energy": 86.260322, "activity_lines": [ 73.327005, 71.752323, 69.310877, 67.655664 ] }, { "date": "2025-12-12", "close": 73.368563, "volume": 714496, "typical_volume": 821739.4, "trend": 66.033511, "fair_value": 64.046674, "relative_strength": -0.087084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.384026, "energy": 78.487612, "activity_lines": [ 73.573051, 72.257488, 69.886243, 68.153599 ] }, { "date": "2025-12-19", "close": 73.706959, "volume": 580862, "typical_volume": 791491.9, "trend": 66.473878, "fair_value": 64.128929, "relative_strength": 0.273798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.063605, "energy": 65.367676, "activity_lines": [ 73.675956, 72.738726, 70.448644, 68.64866 ] }, { "date": "2025-12-26", "close": 74.531222, "volume": 409548, "typical_volume": 771303.8, "trend": 66.903439, "fair_value": 64.217016, "relative_strength": 0.001909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.650054, "energy": 65.364843, "activity_lines": [ 73.940024, 73.256995, 71.031712, 69.168489 ] }, { "date": "2026-01-02", "close": 74.044609, "volume": 706489, "typical_volume": 758097.05, "trend": 67.283077, "fair_value": 64.302105, "relative_strength": 0.42735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.97389, "energy": 63.434894, "activity_lines": [ 73.962398, 73.571202, 71.505222, 69.62921 ] }, { "date": "2026-01-09", "close": 75.07742, "volume": 995099, "typical_volume": 765618.05, "trend": 67.675874, "fair_value": 64.391805, "relative_strength": 0.316438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.708037, "energy": 64.644977, "activity_lines": [ 74.396112, 73.990739, 72.029856, 70.132071 ] }, { "date": "2026-01-16", "close": 74.243226, "volume": 880462, "typical_volume": 772725.05, "trend": 68.089062, "fair_value": 64.480177, "relative_strength": -0.398648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.703295, "energy": 59.018334, "activity_lines": [ 74.428603, 74.146218, 72.427484, 70.555771 ] }, { "date": "2026-01-23", "close": 75.017834, "volume": 730226, "typical_volume": 780854.75, "trend": 68.496858, "fair_value": 64.575464, "relative_strength": 1.049112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.25621, "energy": 57.218772, "activity_lines": [ 74.660985, 74.35683, 72.853563, 71.002788 ] }, { "date": "2026-01-30", "close": 73.617581, "volume": 920371, "typical_volume": 791229.05, "trend": 68.837281, "fair_value": 64.661227, "relative_strength": -1.080984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.292538, "energy": 48.30594, "activity_lines": [ 74.339225, 74.258038, 73.099809, 71.333158 ] }, { "date": "2026-02-06", "close": 74.670254, "volume": 2017878, "typical_volume": 853756.5, "trend": 69.219036, "fair_value": 64.756783, "relative_strength": 0.643789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.18459, "energy": 44.637199, "activity_lines": [ 74.429265, 74.345573, 73.406454, 71.709478 ] }, { "date": "2026-02-13", "close": 74.441844, "volume": 762949, "typical_volume": 849612.9, "trend": 69.642129, "fair_value": 64.85057, "relative_strength": 1.683198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.043161, "energy": 42.097708, "activity_lines": [ 74.401458, 74.398495, 73.645191, 72.046434 ] }, { "date": "2026-02-20", "close": 74.302811, "volume": 671178, "typical_volume": 821930.85, "trend": 69.989624, "fair_value": 64.954673, "relative_strength": 0.480006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.117379, "energy": 33.945203, "activity_lines": [ 74.369679, 74.404106, 73.823454, 72.347123 ] }, { "date": "2026-02-27", "close": 75.752719, "volume": 633777, "typical_volume": 813323.7, "trend": 70.462655, "fair_value": 65.06472, "relative_strength": 3.06911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.635755, "energy": 47.214057, "activity_lines": [ 74.817231, 74.656351, 74.112973, 72.718935 ] }, { "date": "2026-03-06", "close": 72.386152, "volume": 983803, "typical_volume": 833675.3, "trend": 70.833653, "fair_value": 65.17024, "relative_strength": 0.71001, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.839334, "energy": 23.00453, "activity_lines": [ 74.093601, 74.259296, 74.042574, 72.843032 ] }, { "date": "2026-03-13", "close": 70.906452, "volume": 629770, "typical_volume": 825220.55, "trend": 71.059722, "fair_value": 65.260721, "relative_strength": 0.379118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -2.888175, "energy": 9.920943, "activity_lines": [ 72.958833, 73.632206, 73.811192, 72.847729 ] }, { "date": "2026-03-20", "close": 68.998731, "volume": 879998, "typical_volume": 843366.3, "trend": 71.190003, "fair_value": 65.334081, "relative_strength": -0.271709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -19.525054, "energy": 29.399119, "activity_lines": [ 71.439078, 72.715316, 73.391472, 72.714762 ] }, { "date": "2026-03-27", "close": 68.281343, "volume": 924069, "typical_volume": 811808.2, "trend": 71.308527, "fair_value": 65.395933, "relative_strength": 1.188716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -42.091125, "energy": 52.413048, "activity_lines": [ 70.043068, 71.778513, 72.90294, 72.527106 ] }, { "date": "2026-04-03", "close": 70.28405, "volume": 708450, "typical_volume": 811942.2, "trend": 71.476067, "fair_value": 65.459984, "relative_strength": 1.016019, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.296411, "energy": 56.797479, "activity_lines": [ 69.716058, 71.314236, 72.611086, 72.461011 ] }, { "date": "2026-04-10", "close": 70.44347, "volume": 889536, "typical_volume": 821352.7, "trend": 71.64925, "fair_value": 65.521877, "relative_strength": -2.007541, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.165379, "energy": 60.042122, "activity_lines": [ 69.806766, 70.965013, 72.3426, 72.394392 ] }, { "date": "2026-04-17", "close": 71.67897, "volume": 935870, "typical_volume": 836647.15, "trend": 71.872618, "fair_value": 65.59114, "relative_strength": -4.27064, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.432342, "energy": 30.849018, "activity_lines": [ 70.43882, 70.898138, 72.205569, 72.396309 ] }, { "date": "2026-04-24", "close": 69.476989, "volume": 1402404, "typical_volume": 868861.75, "trend": 72.037758, "fair_value": 65.649162, "relative_strength": -7.375156, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.599434, "energy": 27.827703, "activity_lines": [ 70.285379, 70.48529, 71.874881, 72.241752 ] }, { "date": "2026-05-01", "close": 69.85561, "volume": 756384, "typical_volume": 870956.15, "trend": 72.077325, "fair_value": 65.708388, "relative_strength": -7.442026, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.402792, "energy": 24.517857, "activity_lines": [ 70.22626, 70.231552, 71.598124, 72.100969 ] }, { "date": "2026-05-08", "close": 69.227896, "volume": 1019413, "typical_volume": 892883.7, "trend": 72.134886, "fair_value": 65.767503, "relative_strength": -10.117064, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.252209, "energy": 37.874024, "activity_lines": [ 69.852953, 69.944543, 71.278313, 71.917134 ] }, { "date": "2026-05-15", "close": 69.706155, "volume": 861865, "typical_volume": 915499.55, "trend": 72.185962, "fair_value": 65.832252, "relative_strength": -9.50203, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.965449, "energy": 41.609507, "activity_lines": [ 69.709476, 69.863122, 71.025379, 71.760442 ] }, { "date": "2026-05-22", "close": 71.908136, "volume": 719939, "typical_volume": 916172.05, "trend": 72.265911, "fair_value": 65.921571, "relative_strength": -7.295509, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.105298, "energy": 24.237139, "activity_lines": [ 70.349146, 70.23079, 71.005135, 71.742518 ] }, { "date": "2026-05-29", "close": 71.987845, "volume": 703159, "typical_volume": 901575.05, "trend": 72.368965, "fair_value": 66.003025, "relative_strength": -8.342545, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.934954, "energy": 15.630655, "activity_lines": [ 71.000109, 70.594737, 71.002655, 71.724578 ] }, { "date": "2026-06-05", "close": 73.173528, "volume": 1303011, "typical_volume": 922702.5, "trend": 72.490435, "fair_value": 66.091468, "relative_strength": -4.325342, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.659319, "energy": 15.290567, "activity_lines": [ 71.878909, 71.119915, 71.12781, 71.776485 ] }, { "date": "2026-06-12", "close": 73.791278, "volume": 841182, "typical_volume": 928250.3, "trend": 72.55004, "fair_value": 66.178741, "relative_strength": -3.925811, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 25.495042, "energy": 29.672672, "activity_lines": [ 72.742431, 71.668463, 71.316891, 71.860411 ] }, { "date": "2026-06-19", "close": 72.22, "volume": 619958, "typical_volume": 913229.65, "trend": 72.512744, "fair_value": 66.255942, "relative_strength": -6.690321, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.406377, "energy": 26.176214, "activity_lines": [ 72.777968, 71.867556, 71.362169, 71.839118 ] }, { "date": "2026-06-26", "close": 77.87, "volume": 1331669, "typical_volume": 878919.2, "trend": 72.606723, "fair_value": 66.367765, "relative_strength": 2.990751, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.510789, "energy": 61.537964, "activity_lines": [ 74.529249, 73.061622, 71.952196, 72.184747 ] }, { "date": "2026-07-03", "close": 79.67, "volume": 1140071, "typical_volume": 897775.3, "trend": 72.821388, "fair_value": 66.501437, "relative_strength": 3.052283, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.08458, "energy": 76.850802, "activity_lines": [ 76.483072, 74.470395, 72.698415, 72.640443 ] }, { "date": "2026-07-10", "close": 78.405, "volume": 1328827, "typical_volume": 930657.75, "trend": 72.989269, "fair_value": 66.618653, "relative_strength": 0.024594, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.275267, "energy": 84.707095, "activity_lines": [ 77.503085, 75.463842, 73.299262, 73.000676 ] }, { "date": "2026-07-17", "close": 78.39, "volume": 1599776, "typical_volume": 978957.7, "trend": 73.145371, "fair_value": 66.724421, "relative_strength": 1.461797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.289051, "energy": 84.203778, "activity_lines": [ 78.169333, 76.299118, 73.879146, 73.34911 ] }, { "date": "2026-07-24", "close": 78.84, "volume": 684949, "typical_volume": 964015.0, "trend": 73.288997, "fair_value": 66.835711, "relative_strength": 2.54536, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.398833, "energy": 82.905048, "activity_lines": [ 78.679, 77.049628, 74.489329, 73.716505 ] }, { "date": "2026-07-31", "close": 78.75, "volume": 973113, "typical_volume": 981182.15, "trend": 73.445843, "fair_value": 66.955323, "relative_strength": 1.218438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.948355, "energy": 66.868823, "activity_lines": [ 78.717333, 77.617704, 75.060208, 74.068828 ] }, { "date": "2026-08-07", "close": 80.67, "volume": 888704, "typical_volume": 981617.45, "trend": 73.632262, "fair_value": 67.079511, "relative_strength": 0.037446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.526441, "energy": 61.504032, "activity_lines": [ 79.337, 78.410474, 75.776594, 74.534903 ] } ], "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." } } }