{ "ticker": { "uuid": "ca73e466-44b0-483c-ae46-1631d48b4ebf", "symbol": "SAP", "name": "SAP SE", "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": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 41.473, "architecture_energy": 34.975, "architecture_maturity": 27.156, "architecture_confidence": 65.404, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 46.45, "rotation_up": 62.24, "upward_expansion": 33.98, "deceleration": 44.97, "rotation_down": 14.34, "downward_expansion": 20.31 }, "activity_lines": [ 156.217336, 148.543274, 147.183998, 148.954695 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 177.100006, "trend_reference": 154.689544, "distance_from_trend": 0.144874, "trend_direction": "Weakening", "fair_value": 188.923757, "distance_from_fair_value": -0.062585, "fair_value_direction": "Improving", "relative_strength": -22.010827, "relative_strength_direction": "Improving", "price_momentum": 0.080086, "excess_performance": -0.09416, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.144874, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.113314, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.062585, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.155972, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.220108, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.197071, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.080086, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.912079, "read": "Demand-led" } ], "volume": { "latest": 909, "relative_activity": 0.35083, "balance": 2.912079, "dry_up": 1.077673, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.073023, "annualized_volatility": 0.426493, "from_high_reference": -0.281121, "from_low_reference": 0.38641 }, "levels": { "trend_reference": 154.689544, "fair_value_reference": 188.923757, "structural_low": 127.739998, "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": 1, "median_return": 0.102168, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.064659, "regime_survival": 0.0, "best_return": 0.102168, "worst_return": 0.102168, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.161498, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.06837, "regime_survival": 0.0, "best_return": 0.161498, "worst_return": 0.161498, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.267296, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.226753, "regime_survival": 0.0, "best_return": 0.267296, "worst_return": 0.267296, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.362289, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.331615, "regime_survival": 0.0, "best_return": 0.362289, "worst_return": 0.362289, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-01", "end": "2023-10-06", "tenure": "Developing", "return": -0.038714, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-13", "end": "2023-11-10", "tenure": "Developing", "return": 0.102388, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-17", "end": "2024-01-05", "tenure": "Developing", "return": -0.004217, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-12", "end": "2024-01-19", "tenure": "New", "return": 0.027647, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-26", "end": "2024-04-19", "tenure": "Established", "return": 0.037793, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.021236, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2025-03-14", "tenure": "Extended", "return": 0.342886, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.101095, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.088488, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": 0.003443, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-07-18", "tenure": "Developing", "return": -0.023291, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-15", "tenure": "New", "return": -0.031371, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2026-07-31", "tenure": "Extended", "return": -0.320259, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 119.61692, "volume": 172, "typical_volume": 101.6, "trend": 113.049851, "fair_value": 102.264806, "relative_strength": 16.84855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.99878, "energy": 25.263436, "activity_lines": [ 119.010018, 119.162009, 118.698081, 116.560879 ] }, { "date": "2023-08-25", "close": 121.291367, "volume": 66, "typical_volume": 104.05, "trend": 113.799428, "fair_value": 102.229875, "relative_strength": 18.367577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.437678, "energy": 33.073055, "activity_lines": [ 119.929999, 119.519993, 119.078297, 117.09259 ] }, { "date": "2023-09-01", "close": 123.292999, "volume": 374, "typical_volume": 122.75, "trend": 114.37728, "fair_value": 102.252027, "relative_strength": 16.845602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.386113, "energy": 43.03928, "activity_lines": [ 121.205398, 120.246459, 119.598385, 117.705079 ] }, { "date": "2023-09-08", "close": 126.757362, "volume": 33, "typical_volume": 123.8, "trend": 115.150723, "fair_value": 102.277454, "relative_strength": 20.286413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.801075, "energy": 66.403598, "activity_lines": [ 123.354587, 121.504828, 120.382805, 118.503794 ] }, { "date": "2023-09-15", "close": 122.176704, "volume": 12, "typical_volume": 120.7, "trend": 115.771478, "fair_value": 102.271543, "relative_strength": 13.78405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.353389, "energy": 56.972835, "activity_lines": [ 123.332775, 121.813471, 120.642647, 118.957083 ] }, { "date": "2023-09-22", "close": 120.232811, "volume": 118, "typical_volume": 126.6, "trend": 116.377271, "fair_value": 102.288945, "relative_strength": 12.178117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.846832, "energy": 39.815906, "activity_lines": [ 122.534688, 121.671397, 120.689686, 119.244911 ] }, { "date": "2023-09-29", "close": 118.385155, "volume": 219, "typical_volume": 116.9, "trend": 116.869749, "fair_value": 102.277081, "relative_strength": 9.646778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.822302, "energy": 20.416415, "activity_lines": [ 121.079657, 121.261273, 120.538739, 119.374452 ] }, { "date": "2023-10-06", "close": 118.519875, "volume": 407, "typical_volume": 131.25, "trend": 117.339592, "fair_value": 102.265267, "relative_strength": 10.954524, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.903616, "energy": 15.394571, "activity_lines": [ 119.86328, 120.843449, 120.392008, 119.480911 ] }, { "date": "2023-10-13", "close": 117.673027, "volume": 0, "typical_volume": 130.5, "trend": 117.729481, "fair_value": 102.247328, "relative_strength": 8.769054, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.780871, "energy": 18.164354, "activity_lines": [ 118.682828, 120.281802, 120.171039, 119.502423 ] }, { "date": "2023-10-20", "close": 119.289734, "volume": 622, "typical_volume": 157.3, "trend": 118.116487, "fair_value": 102.288533, "relative_strength": 13.843202, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.60174, "energy": 15.977731, "activity_lines": [ 118.646902, 120.003603, 120.105785, 119.603085 ] }, { "date": "2023-10-27", "close": 120.598495, "volume": 50, "typical_volume": 159.1, "trend": 118.473313, "fair_value": 102.529304, "relative_strength": 15.080197, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.505995, "energy": 12.855141, "activity_lines": [ 119.239693, 119.980857, 120.166823, 119.763214 ] }, { "date": "2023-11-03", "close": 124.274582, "volume": 20, "typical_volume": 146.6, "trend": 118.928073, "fair_value": 102.760248, "relative_strength": 11.834463, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.829283, "energy": 24.90899, "activity_lines": [ 121.033468, 120.608644, 120.567059, 120.13749 ] }, { "date": "2023-11-10", "close": 129.721329, "volume": 30, "typical_volume": 148.1, "trend": 119.60161, "fair_value": 103.000845, "relative_strength": 15.519763, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 76.843866, "energy": 65.102132, "activity_lines": [ 124.250197, 122.172509, 121.473019, 120.833829 ] }, { "date": "2023-11-17", "close": 132.358109, "volume": 26, "typical_volume": 119.6, "trend": 120.406566, "fair_value": 103.273734, "relative_strength": 14.724424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.491019, "energy": 84.092396, "activity_lines": [ 127.599089, 124.098909, 122.573827, 121.656829 ] }, { "date": "2023-11-24", "close": 135.553024, "volume": 275, "typical_volume": 132.65, "trend": 121.046138, "fair_value": 103.559496, "relative_strength": 17.533962, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.339401, "energy": 94.058086, "activity_lines": [ 131.033947, 126.504371, 123.921632, 122.63402 ] }, { "date": "2023-12-01", "close": 140.98053, "volume": 73, "typical_volume": 129.7, "trend": 121.89186, "fair_value": 103.866228, "relative_strength": 19.195289, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.960179, "energy": 97.44891, "activity_lines": [ 135.193754, 129.653447, 125.697167, 123.920109 ] }, { "date": "2023-12-08", "close": 142.61647, "volume": 316, "typical_volume": 143.9, "trend": 122.759877, "fair_value": 104.200462, "relative_strength": 19.596673, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.276412, "energy": 96.3736, "activity_lines": [ 138.540073, 132.722735, 127.547487, 125.257181 ] }, { "date": "2023-12-15", "close": 135.745483, "volume": 183, "typical_volume": 150.65, "trend": 123.289155, "fair_value": 104.464577, "relative_strength": 11.575152, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.347752, "energy": 88.407073, "activity_lines": [ 138.373269, 134.102183, 128.619608, 126.094962 ] }, { "date": "2023-12-22", "close": 133.166443, "volume": 127, "typical_volume": 156.9, "trend": 123.793413, "fair_value": 104.716573, "relative_strength": 7.732681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.421588, "energy": 79.632051, "activity_lines": [ 136.945176, 134.699522, 129.366737, 126.732206 ] }, { "date": "2023-12-29", "close": 134.590698, "volume": 56, "typical_volume": 158.95, "trend": 124.291897, "fair_value": 104.952146, "relative_strength": 7.448332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.340196, "energy": 61.426219, "activity_lines": [ 135.937945, 135.274118, 130.172982, 127.428805 ] }, { "date": "2024-01-05", "close": 131.799957, "volume": 0, "typical_volume": 150.35, "trend": 124.741623, "fair_value": 105.182026, "relative_strength": 4.873537, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.751525, "energy": 37.618005, "activity_lines": [ 134.064623, 135.063107, 130.645163, 127.913196 ] }, { "date": "2024-01-12", "close": 139.229095, "volume": 0, "typical_volume": 147.05, "trend": 125.331207, "fair_value": 105.472885, "relative_strength": 11.227315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.950258, "energy": 43.543302, "activity_lines": [ 135.279718, 135.999186, 131.766867, 128.847872 ] }, { "date": "2024-01-19", "close": 143.078384, "volume": 166, "typical_volume": 136.65, "trend": 126.170354, "fair_value": 105.782031, "relative_strength": 15.426904, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 81.317129, "energy": 60.139273, "activity_lines": [ 138.003734, 137.363235, 133.169752, 129.992851 ] }, { "date": "2024-01-26", "close": 153.798691, "volume": 14, "typical_volume": 135.7, "trend": 127.286009, "fair_value": 106.14654, "relative_strength": 19.142635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.690032, "energy": 81.671269, "activity_lines": [ 143.812326, 140.433576, 135.499402, 131.775324 ] }, { "date": "2024-02-02", "close": 157.070587, "volume": 52, "typical_volume": 137.7, "trend": 128.627489, "fair_value": 106.523776, "relative_strength": 21.307514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.101496, "energy": 96.493171, "activity_lines": [ 149.336067, 143.708977, 138.011893, 133.69691 ] }, { "date": "2024-02-09", "close": 162.209412, "volume": 554, "typical_volume": 159.5, "trend": 129.902248, "fair_value": 106.933025, "relative_strength": 27.144231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.810327, "energy": 97.29627, "activity_lines": [ 155.07409, 147.527482, 140.847635, 135.863486 ] }, { "date": "2024-02-16", "close": 158.360092, "volume": 23, "typical_volume": 149.7, "trend": 131.293768, "fair_value": 107.338156, "relative_strength": 21.350354, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.776546, "energy": 90.646428, "activity_lines": [ 157.501709, 150.260131, 143.116886, 137.699476 ] }, { "date": "2024-02-23", "close": 163.229462, "volume": 16, "typical_volume": 130.15, "trend": 132.765483, "fair_value": 107.792619, "relative_strength": 24.719987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.086803, "energy": 93.361037, "activity_lines": [ 160.277052, 153.591873, 145.65953, 139.759843 ] }, { "date": "2024-03-01", "close": 166.693832, "volume": 30, "typical_volume": 131.65, "trend": 134.418756, "fair_value": 108.274169, "relative_strength": 26.342016, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.170557, "energy": 93.060603, "activity_lines": [ 162.86378, 157.053791, 148.319211, 141.948769 ] }, { "date": "2024-03-08", "close": 169.542297, "volume": 160, "typical_volume": 108.55, "trend": 136.061764, "fair_value": 108.761434, "relative_strength": 27.256887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.238839, "energy": 75.687185, "activity_lines": [ 165.54032, 160.424023, 151.016742, 144.214804 ] }, { "date": "2024-03-15", "close": 166.424393, "volume": 345, "typical_volume": 123.3, "trend": 137.622013, "fair_value": 109.227551, "relative_strength": 22.86783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.054371, "energy": 69.425562, "activity_lines": [ 166.346111, 162.59188, 153.178032, 146.173683 ] }, { "date": "2024-03-22", "close": 173.699554, "volume": 118, "typical_volume": 128.2, "trend": 139.368953, "fair_value": 109.743555, "relative_strength": 24.123723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.385015, "energy": 74.544163, "activity_lines": [ 169.295957, 165.452958, 155.813976, 148.501266 ] }, { "date": "2024-03-29", "close": 173.892014, "volume": 80, "typical_volume": 130.7, "trend": 141.055587, "fair_value": 110.239423, "relative_strength": 22.105114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.779643, "energy": 71.923513, "activity_lines": [ 171.287326, 167.722293, 158.232892, 150.728561 ] }, { "date": "2024-04-05", "close": 170.562378, "volume": 0, "typical_volume": 129.4, "trend": 142.515754, "fair_value": 110.680845, "relative_strength": 17.988348, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.694445, "energy": 66.814595, "activity_lines": [ 171.457979, 168.825992, 160.124364, 152.632224 ] }, { "date": "2024-04-12", "close": 163.980072, "volume": 120, "typical_volume": 121.65, "trend": 143.909199, "fair_value": 111.058006, "relative_strength": 13.13937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.328238, "energy": 64.122111, "activity_lines": [ 169.176628, 168.428114, 161.207024, 154.017019 ] }, { "date": "2024-04-19", "close": 159.61113, "volume": 48, "typical_volume": 120.4, "trend": 145.22181, "fair_value": 111.387763, "relative_strength": 10.063505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.121033, "energy": 47.815992, "activity_lines": [ 165.809777, 167.110256, 161.738228, 155.030047 ] }, { "date": "2024-04-26", "close": 167.290466, "volume": 107, "typical_volume": 109.95, "trend": 146.851987, "fair_value": 111.780801, "relative_strength": 14.378342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.266468, "energy": 37.448695, "activity_lines": [ 165.456922, 167.235882, 162.91208, 156.453831 ] }, { "date": "2024-05-03", "close": 164.191788, "volume": 78, "typical_volume": 104.7, "trend": 148.374384, "fair_value": 112.152582, "relative_strength": 10.421696, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.360607, "energy": 28.455328, "activity_lines": [ 164.498448, 166.635741, 163.673324, 157.572528 ] }, { "date": "2024-05-10", "close": 169.542297, "volume": 120, "typical_volume": 104.35, "trend": 150.10336, "fair_value": 112.56662, "relative_strength": 10.586161, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.859277, "energy": 34.18722, "activity_lines": [ 165.970158, 166.990924, 164.808682, 158.9382 ] }, { "date": "2024-05-17", "close": 170.843018, "volume": 15, "typical_volume": 102.3, "trend": 151.821803, "fair_value": 112.98439, "relative_strength": 9.149529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.800389, "energy": 47.96445, "activity_lines": [ 167.943447, 167.530811, 165.8947, 160.276242 ] }, { "date": "2024-05-24", "close": 175.46196, "volume": 408, "typical_volume": 122.7, "trend": 153.650585, "fair_value": 113.428935, "relative_strength": 11.757142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.790595, "energy": 57.160011, "activity_lines": [ 170.998854, 168.886856, 167.247987, 161.801414 ] }, { "date": "2024-05-31", "close": 161.644073, "volume": 0, "typical_volume": 122.7, "trend": 154.896235, "fair_value": 113.787502, "relative_strength": 4.322959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.530827, "energy": 38.764764, "activity_lines": [ 168.391576, 167.566239, 167.07737, 162.317123 ] }, { "date": "2024-06-07", "close": 173.435074, "volume": 74, "typical_volume": 118.1, "trend": 156.353359, "fair_value": 114.201462, "relative_strength": 12.327923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.275104, "energy": 42.773455, "activity_lines": [ 170.091058, 168.608631, 167.922968, 163.513177 ] }, { "date": "2024-06-14", "close": 170.472702, "volume": 212, "typical_volume": 128.0, "trend": 157.623846, "fair_value": 114.597967, "relative_strength": 13.768263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.847553, "energy": 35.093784, "activity_lines": [ 170.186864, 169.120718, 168.34188, 164.424102 ] }, { "date": "2024-06-21", "close": 176.72876, "volume": 46, "typical_volume": 127.7, "trend": 158.99637, "fair_value": 115.0367, "relative_strength": 15.509718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.123251, "energy": 39.935762, "activity_lines": [ 172.305996, 170.7719, 169.277207, 165.656677 ] }, { "date": "2024-06-28", "close": 184.816818, "volume": 0, "typical_volume": 100.0, "trend": 160.45758, "fair_value": 115.518071, "relative_strength": 19.493355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.43455, "energy": 66.963861, "activity_lines": [ 176.728764, 173.661844, 170.889214, 167.322513 ] }, { "date": "2024-07-05", "close": 183.881317, "volume": 0, "typical_volume": 98.85, "trend": 161.833075, "fair_value": 115.964753, "relative_strength": 15.086758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.990882, "energy": 73.892085, "activity_lines": [ 180.216041, 175.923411, 172.304472, 168.833721 ] }, { "date": "2024-07-12", "close": 184.680389, "volume": 0, "typical_volume": 98.05, "trend": 163.464238, "fair_value": 116.403923, "relative_strength": 15.111722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.997653, "energy": 78.998917, "activity_lines": [ 182.487193, 178.028613, 173.674303, 170.307742 ] }, { "date": "2024-07-19", "close": 176.358459, "volume": 15, "typical_volume": 97.3, "trend": 164.903972, "fair_value": 116.843117, "relative_strength": 10.382895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.987601, "energy": 64.334261, "activity_lines": [ 181.23468, 178.248216, 174.149421, 171.139627 ] }, { "date": "2024-07-26", "close": 189.806061, "volume": 162, "typical_volume": 97.4, "trend": 166.744484, "fair_value": 117.345134, "relative_strength": 18.037767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.828679, "energy": 63.247808, "activity_lines": [ 184.072317, 180.788908, 175.859241, 172.746213 ] }, { "date": "2024-08-02", "close": 181.172318, "volume": 0, "typical_volume": 80.15, "trend": 168.39023, "fair_value": 117.76902, "relative_strength": 16.531917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.636671, "energy": 43.335924, "activity_lines": [ 183.16022, 181.415045, 176.650306, 173.677041 ] }, { "date": "2024-08-09", "close": 185.011703, "volume": 149, "typical_volume": 81.7, "trend": 169.916317, "fair_value": 118.214211, "relative_strength": 17.150582, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.611968, "energy": 41.151583, "activity_lines": [ 183.770885, 182.635428, 177.736799, 174.749394 ] }, { "date": "2024-08-16", "close": 191.735504, "volume": 15, "typical_volume": 78.45, "trend": 171.538221, "fair_value": 118.693529, "relative_strength": 18.461869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.473795, "energy": 50.53498, "activity_lines": [ 186.547458, 184.653454, 179.409786, 176.157084 ] }, { "date": "2024-08-23", "close": 190.468704, "volume": 0, "typical_volume": 78.45, "trend": 172.760554, "fair_value": 119.170631, "relative_strength": 15.070647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.11169, "energy": 47.846647, "activity_lines": [ 188.431423, 186.108418, 180.877156, 177.378405 ] }, { "date": "2024-08-30", "close": 192.885376, "volume": 0, "typical_volume": 72.45, "trend": 173.954381, "fair_value": 119.66535, "relative_strength": 14.641519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.93616, "energy": 66.739122, "activity_lines": [ 190.180262, 187.639213, 182.479894, 178.676781 ] }, { "date": "2024-09-06", "close": 185.635361, "volume": 0, "typical_volume": 70.05, "trend": 174.735246, "fair_value": 120.128234, "relative_strength": 14.348874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.44262, "energy": 56.906589, "activity_lines": [ 189.307142, 187.558067, 183.254509, 179.430393 ] }, { "date": "2024-09-13", "close": 195.185104, "volume": 698, "typical_volume": 99.6, "trend": 175.962746, "fair_value": 120.662372, "relative_strength": 18.722756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.370689, "energy": 58.729355, "activity_lines": [ 191.319734, 189.198355, 184.8147, 180.749738 ] }, { "date": "2024-09-20", "close": 199.034241, "volume": 14, "typical_volume": 96.4, "trend": 177.156239, "fair_value": 121.223544, "relative_strength": 19.781504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.269702, "energy": 63.076689, "activity_lines": [ 193.937144, 191.332963, 186.608643, 182.238222 ] }, { "date": "2024-09-27", "close": 199.862534, "volume": 0, "typical_volume": 90.4, "trend": 178.261862, "fair_value": 121.820135, "relative_strength": 18.349906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.623124, "energy": 64.438141, "activity_lines": [ 196.34407, 193.35719, 188.315554, 183.703144 ] }, { "date": "2024-10-04", "close": 195.526169, "volume": 51, "typical_volume": 92.2, "trend": 179.127991, "fair_value": 122.378656, "relative_strength": 16.239108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.030484, "energy": 60.352111, "activity_lines": [ 196.679285, 194.165641, 189.465097, 184.81697 ] }, { "date": "2024-10-11", "close": 203.224442, "volume": 1, "typical_volume": 71.85, "trend": 180.35466, "fair_value": 122.940241, "relative_strength": 19.700311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.900198, "energy": 67.011608, "activity_lines": [ 199.404538, 196.269776, 191.230269, 186.37158 ] }, { "date": "2024-10-18", "close": 207.219727, "volume": 30, "typical_volume": 73.35, "trend": 181.471999, "fair_value": 123.553295, "relative_strength": 20.746534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.157422, "energy": 73.359974, "activity_lines": [ 202.288948, 198.699378, 193.243743, 188.10481 ] }, { "date": "2024-10-25", "close": 214.869278, "volume": 50, "typical_volume": 72.15, "trend": 182.837907, "fair_value": 124.201687, "relative_strength": 25.727212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.473867, "energy": 86.777442, "activity_lines": [ 206.9209, 202.116026, 195.768718, 190.259473 ] }, { "date": "2024-11-01", "close": 210.922699, "volume": 31, "typical_volume": 63.1, "trend": 184.183251, "fair_value": 124.794201, "relative_strength": 24.285266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.369666, "energy": 86.086074, "activity_lines": [ 209.181656, 204.394499, 197.720523, 192.071395 ] }, { "date": "2024-11-08", "close": 215.795029, "volume": 62, "typical_volume": 63.9, "trend": 185.910417, "fair_value": 125.426685, "relative_strength": 25.366815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.09367, "energy": 89.650544, "activity_lines": [ 212.329178, 207.18696, 199.94374, 194.110865 ] }, { "date": "2024-11-15", "close": 212.043335, "volume": 88, "typical_volume": 68.3, "trend": 187.658157, "fair_value": 126.055309, "relative_strength": 22.059548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.12675, "energy": 83.093403, "activity_lines": [ 212.874878, 208.880756, 201.623623, 195.79686 ] }, { "date": "2024-11-22", "close": 220.618607, "volume": 529, "typical_volume": 94.75, "trend": 189.435762, "fair_value": 126.768067, "relative_strength": 26.792575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.643873, "energy": 75.887471, "activity_lines": [ 215.691076, 211.653547, 203.990549, 197.92334 ] }, { "date": "2024-11-29", "close": 219.546707, "volume": 161, "typical_volume": 102.8, "trend": 191.280926, "fair_value": 127.503236, "relative_strength": 24.987717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.104473, "energy": 65.769426, "activity_lines": [ 217.256715, 213.76902, 206.080449, 199.865982 ] }, { "date": "2024-12-06", "close": 235.479172, "volume": 140, "typical_volume": 109.05, "trend": 193.478821, "fair_value": 128.305823, "relative_strength": 31.238628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.753218, "energy": 73.9809, "activity_lines": [ 223.821347, 218.408351, 209.521697, 202.717482 ] }, { "date": "2024-12-13", "close": 234.748337, "volume": 2256, "typical_volume": 213.75, "trend": 195.608999, "fair_value": 129.082472, "relative_strength": 27.352922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.843199, "energy": 82.882597, "activity_lines": [ 228.50527, 222.267227, 212.611815, 205.380031 ] }, { "date": "2024-12-20", "close": 228.414322, "volume": 47, "typical_volume": 216.1, "trend": 197.374077, "fair_value": 129.818164, "relative_strength": 24.762698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.028777, "energy": 73.835711, "activity_lines": [ 229.8143, 224.261334, 214.884682, 207.496504 ] }, { "date": "2024-12-27", "close": 233.578979, "volume": 88, "typical_volume": 213.05, "trend": 199.771908, "fair_value": 130.581532, "relative_strength": 24.959732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.442666, "energy": 80.301312, "activity_lines": [ 231.753483, 226.736472, 217.424459, 209.832304 ] }, { "date": "2025-01-03", "close": 229.632401, "volume": 32, "typical_volume": 213.9, "trend": 201.645152, "fair_value": 131.337312, "relative_strength": 21.056379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.247898, "energy": 64.272157, "activity_lines": [ 231.513116, 228.014791, 219.357099, 211.758787 ] }, { "date": "2025-01-10", "close": 238.207672, "volume": 280, "typical_volume": 227.9, "trend": 203.902984, "fair_value": 132.153611, "relative_strength": 24.436603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.615248, "energy": 65.853914, "activity_lines": [ 233.458792, 230.58383, 221.92597, 214.117659 ] }, { "date": "2025-01-17", "close": 249.657654, "volume": 236, "typical_volume": 239.7, "trend": 206.333947, "fair_value": 133.037994, "relative_strength": 24.90253, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.915541, "energy": 71.839873, "activity_lines": [ 239.039229, 234.738593, 225.357987, 217.069574 ] }, { "date": "2025-01-24", "close": 256.77124, "volume": 214, "typical_volume": 250.4, "trend": 208.732428, "fair_value": 134.045314, "relative_strength": 25.284783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.244975, "energy": 85.517494, "activity_lines": [ 245.996908, 239.571052, 229.197144, 220.323592 ] }, { "date": "2025-01-31", "close": 262.37439, "volume": 455, "typical_volume": 238.25, "trend": 211.348864, "fair_value": 135.081585, "relative_strength": 26.369348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.212388, "energy": 93.670511, "activity_lines": [ 252.931841, 244.60903, 233.231193, 223.784364 ] }, { "date": "2025-02-07", "close": 263.982269, "volume": 234, "typical_volume": 249.25, "trend": 213.99226, "fair_value": 136.137255, "relative_strength": 25.76064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.045754, "energy": 92.277358, "activity_lines": [ 258.48304, 249.180154, 237.098423, 227.180068 ] }, { "date": "2025-02-14", "close": 270.90094, "volume": 147, "typical_volume": 256.6, "trend": 217.143676, "fair_value": 137.268918, "relative_strength": 21.737259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.645343, "energy": 93.416604, "activity_lines": [ 264.050472, 254.201299, 241.315299, 230.851596 ] }, { "date": "2025-02-21", "close": 266.613342, "volume": 101, "typical_volume": 259.1, "trend": 219.703919, "fair_value": 138.379709, "relative_strength": 20.09971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.991176, "energy": 83.750369, "activity_lines": [ 266.009153, 257.798848, 244.785554, 234.043187 ] }, { "date": "2025-02-28", "close": 257.84314, "volume": 134, "typical_volume": 265.75, "trend": 222.259613, "fair_value": 139.461082, "relative_strength": 12.864626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.284223, "energy": 66.135321, "activity_lines": [ 263.914054, 259.222452, 247.08204, 236.503782 ] }, { "date": "2025-03-07", "close": 248.049774, "volume": 380, "typical_volume": 283.25, "trend": 224.360882, "fair_value": 140.461318, "relative_strength": 4.686248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.279819, "energy": 57.077987, "activity_lines": [ 258.48304, 258.330374, 248.185737, 238.167663 ] }, { "date": "2025-03-14", "close": 235.625366, "volume": 1260, "typical_volume": 343.75, "trend": 225.823877, "fair_value": 141.363196, "relative_strength": -0.929516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.961857, "energy": 25.57069, "activity_lines": [ 249.865531, 254.916207, 247.911727, 238.894404 ] }, { "date": "2025-03-21", "close": 244.834045, "volume": 393, "typical_volume": 361.85, "trend": 227.636055, "fair_value": 142.337091, "relative_strength": 3.585201, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.504314, "energy": 31.008373, "activity_lines": [ 246.208042, 253.067383, 248.415897, 240.120867 ] }, { "date": "2025-03-28", "close": 240.790024, "volume": 467, "typical_volume": 382.1, "trend": 229.232877, "fair_value": 143.290022, "relative_strength": 3.611855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.688719, "energy": 28.361221, "activity_lines": [ 242.940339, 250.362802, 248.373438, 240.96951 ] }, { "date": "2025-04-04", "close": 226.806458, "volume": 615, "typical_volume": 408.45, "trend": 230.605247, "fair_value": 144.152135, "relative_strength": 7.845573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.818591, "energy": 27.755524, "activity_lines": [ 236.733002, 245.276985, 246.880188, 240.812967 ] }, { "date": "2025-04-11", "close": 219.059464, "volume": 1517, "typical_volume": 457.85, "trend": 231.401059, "fair_value": 144.981825, "relative_strength": 5.005228, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.371954, "energy": 40.300131, "activity_lines": [ 230.012445, 239.327438, 244.578828, 240.068077 ] }, { "date": "2025-04-18", "close": 220.082657, "volume": 315, "typical_volume": 465.55, "trend": 232.102672, "fair_value": 145.817189, "relative_strength": -0.267481, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.859591, "energy": 48.137386, "activity_lines": [ 225.565641, 234.351469, 242.38234, 239.337858 ] }, { "date": "2025-04-25", "close": 237.866623, "volume": 613, "typical_volume": 489.2, "trend": 233.369475, "fair_value": 146.766966, "relative_strength": 3.526622, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.38438, "energy": 39.518836, "activity_lines": [ 228.083005, 233.407124, 241.87701, 239.709726 ] }, { "date": "2025-05-02", "close": 258.915039, "volume": 244, "typical_volume": 388.6, "trend": 235.482438, "fair_value": 147.884611, "relative_strength": 10.445838, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 35.431119, "energy": 20.980805, "activity_lines": [ 238.081003, 236.890388, 243.364923, 241.357827 ] }, { "date": "2025-05-09", "close": 255.358231, "volume": 116, "typical_volume": 392.05, "trend": 237.220231, "fair_value": 148.962395, "relative_strength": 3.648064, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.648095, "energy": 27.836538, "activity_lines": [ 245.685064, 239.866928, 244.399013, 242.640136 ] }, { "date": "2025-05-16", "close": 260.957123, "volume": 90, "typical_volume": 392.15, "trend": 239.011477, "fair_value": 150.078505, "relative_strength": 2.424603, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.337365, "energy": 42.578227, "activity_lines": [ 253.251971, 243.906629, 245.838026, 244.171548 ] }, { "date": "2025-05-23", "close": 256.237488, "volume": 151, "typical_volume": 398.1, "trend": 240.390418, "fair_value": 151.151685, "relative_strength": 1.426555, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.451676, "energy": 45.283473, "activity_lines": [ 256.452488, 246.853536, 246.697178, 245.282904 ] }, { "date": "2025-05-30", "close": 261.743744, "volume": 103, "typical_volume": 389.25, "trend": 242.084452, "fair_value": 152.262891, "relative_strength": 2.072683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.83207, "energy": 62.884146, "activity_lines": [ 259.078103, 250.426813, 247.954044, 246.660538 ] }, { "date": "2025-06-06", "close": 267.839935, "volume": 108, "typical_volume": 382.85, "trend": 243.819283, "fair_value": 153.439135, "relative_strength": 3.489334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.815547, "energy": 68.850481, "activity_lines": [ 262.143973, 254.801041, 249.679424, 248.322182 ] }, { "date": "2025-06-13", "close": 250.78038, "volume": 129, "typical_volume": 378.6, "trend": 245.110517, "fair_value": 154.50851, "relative_strength": -1.317854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.388845, "energy": 43.37393, "activity_lines": [ 258.928331, 255.581714, 249.693501, 248.771285 ] }, { "date": "2025-06-20", "close": 247.388138, "volume": 161, "typical_volume": 363.9, "trend": 246.002835, "fair_value": 155.534001, "relative_strength": -2.447006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.459622, "energy": 24.283757, "activity_lines": [ 254.887133, 255.309727, 249.413036, 248.918228 ] }, { "date": "2025-06-27", "close": 253.091034, "volume": 9, "typical_volume": 352.65, "trend": 247.120979, "fair_value": 156.632017, "relative_strength": -2.295533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.896933, "energy": 19.10691, "activity_lines": [ 253.651498, 255.559563, 249.747067, 249.375531 ] }, { "date": "2025-07-04", "close": 251.861954, "volume": 63, "typical_volume": 348.45, "trend": 247.667072, "fair_value": 157.703715, "relative_strength": -2.256177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.278212, "energy": 19.785651, "activity_lines": [ 252.215934, 254.985777, 250.015906, 249.681401 ] }, { "date": "2025-07-11", "close": 254.762589, "volume": 65, "typical_volume": 346.65, "trend": 248.334214, "fair_value": 158.808261, "relative_strength": -3.531161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.625091, "energy": 17.815646, "activity_lines": [ 252.406035, 254.68492, 250.651658, 250.139176 ] }, { "date": "2025-07-18", "close": 255.647522, "volume": 68, "typical_volume": 343.35, "trend": 249.241987, "fair_value": 159.888456, "relative_strength": -3.52783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.610678, "energy": 16.619339, "activity_lines": [ 253.762936, 254.620458, 251.428121, 250.611002 ] }, { "date": "2025-07-25", "close": 241.34108, "volume": 321, "typical_volume": 340.4, "trend": 249.500724, "fair_value": 160.885191, "relative_strength": -10.748593, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.663694, "energy": 8.432973, "activity_lines": [ 250.026546, 251.949565, 250.852521, 250.101266 ] }, { "date": "2025-08-01", "close": 241.439423, "volume": 6, "typical_volume": 277.7, "trend": 249.894291, "fair_value": 161.874066, "relative_strength": -8.424527, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.56961, "energy": 19.41111, "activity_lines": [ 246.726076, 249.653208, 250.318233, 249.581182 ] }, { "date": "2025-08-08", "close": 246.404877, "volume": 84, "typical_volume": 262.25, "trend": 250.167531, "fair_value": 162.889614, "relative_strength": -11.769392, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.300003, "energy": 18.343899, "activity_lines": [ 245.85753, 248.528717, 250.229159, 249.356059 ] }, { "date": "2025-08-15", "close": 233.769989, "volume": 231, "typical_volume": 250.45, "trend": 249.637943, "fair_value": 163.834603, "relative_strength": -18.335884, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.539548, "energy": 52.121305, "activity_lines": [ 241.14116, 245.385861, 248.929283, 248.298153 ] }, { "date": "2025-08-22", "close": 228.116241, "volume": 136, "typical_volume": 226.5, "trend": 248.682776, "fair_value": 164.780227, "relative_strength": -19.210446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.239539, "energy": 65.333576, "activity_lines": [ 235.939715, 241.834505, 247.124384, 246.909656 ] }, { "date": "2025-08-29", "close": 229.689468, "volume": 2, "typical_volume": 150.75, "trend": 247.593279, "fair_value": 165.735633, "relative_strength": -15.568351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.755865, "energy": 69.133626, "activity_lines": [ 233.098097, 238.981266, 245.463078, 245.684281 ] }, { "date": "2025-09-05", "close": 224.822327, "volume": 158, "typical_volume": 142.9, "trend": 246.287947, "fair_value": 166.651408, "relative_strength": -16.976947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.715738, "energy": 76.550473, "activity_lines": [ 229.410872, 235.564886, 243.287616, 244.215188 ] }, { "date": "2025-09-12", "close": 216.612106, "volume": 239, "typical_volume": 124.2, "trend": 244.478319, "fair_value": 167.53451, "relative_strength": -20.679759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.356722, "energy": 82.866205, "activity_lines": [ 224.094714, 231.169715, 240.307659, 242.300617 ] }, { "date": "2025-09-19", "close": 223.937393, "volume": 733, "typical_volume": 148.65, "trend": 243.055788, "fair_value": 168.477063, "relative_strength": -17.475774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.496741, "energy": 71.39166, "activity_lines": [ 223.206503, 228.74732, 238.126559, 240.975396 ] }, { "date": "2025-09-26", "close": 220.643463, "volume": 496, "typical_volume": 167.65, "trend": 241.815798, "fair_value": 169.381578, "relative_strength": -18.939349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.68569, "energy": 68.445035, "activity_lines": [ 221.875822, 226.286488, 235.798313, 239.52944 ] }, { "date": "2025-10-03", "close": 226.297211, "volume": 97, "typical_volume": 168.0, "trend": 241.090713, "fair_value": 170.305352, "relative_strength": -18.477491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.128074, "energy": 48.866955, "activity_lines": [ 222.927908, 225.490047, 234.173827, 238.528241 ] }, { "date": "2025-10-10", "close": 227.722946, "volume": 418, "typical_volume": 181.35, "trend": 240.827299, "fair_value": 171.230805, "relative_strength": -16.175305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.975083, "energy": 39.011959, "activity_lines": [ 224.68139, 225.226355, 232.850172, 237.665804 ] }, { "date": "2025-10-17", "close": 227.427963, "volume": 238, "typical_volume": 188.1, "trend": 240.247096, "fair_value": 172.135746, "relative_strength": -14.458026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.240603, "energy": 30.729558, "activity_lines": [ 226.14317, 225.158421, 231.634208, 236.801331 ] }, { "date": "2025-10-24", "close": 230.820206, "volume": 779, "typical_volume": 221.65, "trend": 239.914769, "fair_value": 173.022157, "relative_strength": -14.51991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.738971, "energy": 22.415047, "activity_lines": [ 228.01464, 226.052293, 230.904722, 236.193144 ] }, { "date": "2025-10-31", "close": 224.183212, "volume": 314, "typical_volume": 230.9, "trend": 239.827328, "fair_value": 173.874454, "relative_strength": -19.074521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.383643, "energy": 24.273098, "activity_lines": [ 227.214925, 225.793071, 229.719427, 235.178205 ] }, { "date": "2025-11-07", "close": 212.33493, "volume": 556, "typical_volume": 250.65, "trend": 239.603176, "fair_value": 174.592997, "relative_strength": -22.061827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.553268, "energy": 41.92573, "activity_lines": [ 222.229799, 223.451125, 227.532377, 233.404502 ] }, { "date": "2025-11-14", "close": 208.057755, "volume": 701, "typical_volume": 285.25, "trend": 239.202346, "fair_value": 175.289095, "relative_strength": -24.769639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.86761, "energy": 64.353816, "activity_lines": [ 216.749767, 220.647049, 225.104897, 231.369313 ] }, { "date": "2025-11-21", "close": 201.568237, "volume": 292, "typical_volume": 296.7, "trend": 237.9924, "fair_value": 175.938014, "relative_strength": -25.627719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.641558, "energy": 82.310261, "activity_lines": [ 210.417575, 216.96787, 222.273811, 228.941306 ] }, { "date": "2025-11-28", "close": 205.15712, "volume": 346, "typical_volume": 310.75, "trend": 236.200469, "fair_value": 176.608604, "relative_strength": -27.114646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.900187, "energy": 81.602717, "activity_lines": [ 207.005659, 214.214741, 220.024018, 226.822901 ] }, { "date": "2025-12-05", "close": 209.434311, "volume": 392, "typical_volume": 326.95, "trend": 234.669672, "fair_value": 177.330631, "relative_strength": -26.029829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.108646, "energy": 76.33425, "activity_lines": [ 206.730346, 212.580742, 218.417793, 225.096052 ] }, { "date": "2025-12-12", "close": 204.96048, "volume": 677, "typical_volume": 344.75, "trend": 232.803117, "fair_value": 178.046422, "relative_strength": -27.305711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.919226, "energy": 69.883088, "activity_lines": [ 205.947016, 210.337122, 216.605552, 223.17933 ] }, { "date": "2025-12-19", "close": 201.568237, "volume": 341, "typical_volume": 361.5, "trend": 230.980809, "fair_value": 178.747626, "relative_strength": -29.688397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.568377, "energy": 60.259362, "activity_lines": [ 204.524568, 207.864672, 214.643481, 221.164177 ] }, { "date": "2025-12-26", "close": 204.075546, "volume": 119, "typical_volume": 363.25, "trend": 229.058536, "fair_value": 179.471392, "relative_strength": -28.345298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.132899, "energy": 53.318893, "activity_lines": [ 204.370524, 206.323636, 213.110064, 219.428353 ] }, { "date": "2026-01-02", "close": 198.323471, "volume": 473, "typical_volume": 375.35, "trend": 226.74132, "fair_value": 180.125107, "relative_strength": -31.094329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.728701, "energy": 58.371078, "activity_lines": [ 202.131968, 204.161357, 211.230399, 217.445446 ] }, { "date": "2026-01-09", "close": 206.877823, "volume": 887, "typical_volume": 412.9, "trend": 225.277902, "fair_value": 180.797993, "relative_strength": -28.114473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.968704, "energy": 49.179422, "activity_lines": [ 203.200439, 204.145265, 210.334226, 216.16393 ] }, { "date": "2026-01-16", "close": 198.765945, "volume": 717, "typical_volume": 448.65, "trend": 223.657162, "fair_value": 181.423489, "relative_strength": -31.040674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.696405, "energy": 48.254086, "activity_lines": [ 201.735384, 202.968929, 208.76663, 214.453481 ] }, { "date": "2026-01-23", "close": 195.590012, "volume": 2137, "typical_volume": 547.6, "trend": 221.740461, "fair_value": 182.043912, "relative_strength": -31.964834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.780775, "energy": 50.907907, "activity_lines": [ 199.624653, 201.46186, 207.043818, 212.642697 ] }, { "date": "2026-01-30", "close": 168.530701, "volume": 4623, "typical_volume": 766.8, "trend": 218.962753, "fair_value": 182.445023, "relative_strength": -41.456369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.401544, "energy": 65.405101, "activity_lines": [ 188.8927, 195.261602, 202.883131, 209.209809 ] }, { "date": "2026-02-06", "close": 163.968384, "volume": 5287, "typical_volume": 994.5, "trend": 215.936279, "fair_value": 182.832294, "relative_strength": -42.81344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.080424, "energy": 90.318856, "activity_lines": [ 179.009632, 188.832515, 198.516896, 205.661786 ] }, { "date": "2026-02-13", "close": 169.218994, "volume": 2542, "typical_volume": 1096.8, "trend": 213.055328, "fair_value": 183.253223, "relative_strength": -39.70107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.10862, "energy": 89.578978, "activity_lines": [ 173.167105, 184.10697, 194.936286, 202.647767 ] }, { "date": "2026-02-20", "close": 170.241577, "volume": 1101, "typical_volume": 1147.0, "trend": 210.685345, "fair_value": 183.690291, "relative_strength": -40.429144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.764926, "energy": 87.286139, "activity_lines": [ 170.176028, 180.298537, 191.697944, 199.88559 ] }, { "date": "2026-02-27", "close": 168.098083, "volume": 1900, "typical_volume": 1221.1, "trend": 208.240634, "fair_value": 184.10367, "relative_strength": -39.313347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.639775, "energy": 82.835981, "activity_lines": [ 168.372078, 176.73163, 188.52239, 197.138024 ] }, { "date": "2026-03-06", "close": 169.946594, "volume": 3324, "typical_volume": 1375.4, "trend": 205.692024, "fair_value": 184.523683, "relative_strength": -34.579263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.200142, "energy": 59.401796, "activity_lines": [ 169.017094, 174.109365, 185.806814, 194.667441 ] }, { "date": "2026-03-13", "close": 163.181778, "volume": 5489, "typical_volume": 1610.9, "trend": 203.339084, "fair_value": 184.890385, "relative_strength": -34.885094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.760195, "energy": 59.513434, "activity_lines": [ 167.312778, 170.877659, 182.72069, 191.924845 ] }, { "date": "2026-03-20", "close": 150.478058, "volume": 2947, "typical_volume": 1742.55, "trend": 200.751144, "fair_value": 185.164734, "relative_strength": -38.45676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.526204, "energy": 64.323339, "activity_lines": [ 161.426328, 165.975126, 178.746775, 188.514456 ] }, { "date": "2026-03-27", "close": 140.448807, "volume": 2919, "typical_volume": 1860.7, "trend": 197.776456, "fair_value": 185.3606, "relative_strength": -42.659779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.033671, "energy": 68.34081, "activity_lines": [ 153.446191, 160.274544, 174.168671, 184.623983 ] }, { "date": "2026-04-03", "close": 145.797745, "volume": 2147, "typical_volume": 1933.0, "trend": 195.142303, "fair_value": 185.586023, "relative_strength": -41.701617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.227176, "energy": 75.866034, "activity_lines": [ 149.235218, 156.606807, 170.442304, 181.270517 ] }, { "date": "2026-04-10", "close": 137.066391, "volume": 4238, "typical_volume": 2130.3, "trend": 192.490779, "fair_value": 185.762633, "relative_strength": -47.77669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.012192, "energy": 82.929437, "activity_lines": [ 143.600483, 152.256865, 166.180856, 177.523684 ] }, { "date": "2026-04-17", "close": 153.349182, "volume": 4134, "typical_volume": 2319.7, "trend": 190.137839, "fair_value": 186.05199, "relative_strength": -42.235734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.735806, "energy": 60.559368, "activity_lines": [ 145.585359, 151.439508, 163.777302, 174.99842 ] }, { "date": "2026-04-24", "close": 145.365112, "volume": 5530, "typical_volume": 2576.6, "trend": 187.62856, "fair_value": 186.237883, "relative_strength": -42.476351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.371726, "energy": 55.447632, "activity_lines": [ 145.564384, 149.363579, 160.860064, 172.109857 ] }, { "date": "2026-05-01", "close": 143.378937, "volume": 2328, "typical_volume": 2659.15, "trend": 184.864618, "fair_value": 186.415896, "relative_strength": -42.706695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.882984, "energy": 58.136752, "activity_lines": [ 145.222214, 147.360235, 158.058759, 169.255043 ] }, { "date": "2026-05-08", "close": 145.820007, "volume": 3026, "typical_volume": 2793.4, "trend": 182.13452, "fair_value": 186.603358, "relative_strength": -41.717977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.85982, "energy": 50.215185, "activity_lines": [ 145.498392, 146.289133, 155.783181, 166.736035 ] }, { "date": "2026-05-15", "close": 144.100006, "volume": 2457, "typical_volume": 2910.3, "trend": 179.356921, "fair_value": 186.758697, "relative_strength": -41.263703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.957107, "energy": 50.186347, "activity_lines": [ 145.199752, 145.310359, 153.609262, 164.282196 ] }, { "date": "2026-05-22", "close": 151.919998, "volume": 5300, "typical_volume": 3151.65, "trend": 176.726914, "fair_value": 186.975885, "relative_strength": -38.412046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.195547, "energy": 38.174667, "activity_lines": [ 147.038868, 146.22334, 152.465702, 162.512072 ] }, { "date": "2026-05-29", "close": 156.119995, "volume": 3370, "typical_volume": 3275.8, "trend": 174.458141, "fair_value": 187.209755, "relative_strength": -37.434751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.103498, "energy": 28.542702, "activity_lines": [ 150.373262, 148.104717, 151.94311, 161.182593 ] }, { "date": "2026-06-05", "close": 161.720001, "volume": 2684, "typical_volume": 3374.15, "trend": 172.770976, "fair_value": 187.488036, "relative_strength": -33.440875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.253331, "energy": 19.082048, "activity_lines": [ 154.857333, 150.901695, 152.195557, 160.360778 ] }, { "date": "2026-06-12", "close": 140.279999, "volume": 1408, "typical_volume": 3337.7, "trend": 170.511718, "fair_value": 187.608155, "relative_strength": -42.908114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.991257, "energy": 22.881251, "activity_lines": [ 150.971999, 149.413743, 150.582507, 158.264586 ] }, { "date": "2026-06-19", "close": 133.539993, "volume": 398, "typical_volume": 3126.45, "trend": 168.24411, "fair_value": 187.708385, "relative_strength": -46.938206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.996594, "energy": 37.601002, "activity_lines": [ 145.20933, 146.800657, 148.590933, 155.879313 ] }, { "date": "2026-06-26", "close": 135.080002, "volume": 64, "typical_volume": 2865.3, "trend": 165.908206, "fair_value": 187.802943, "relative_strength": -44.303613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.297137, "energy": 48.075925, "activity_lines": [ 140.663998, 144.53169, 146.91265, 153.739693 ] }, { "date": "2026-07-03", "close": 139.399994, "volume": 46, "typical_volume": 2740.5, "trend": 163.573728, "fair_value": 187.947647, "relative_strength": -42.869872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.136432, "energy": 61.171801, "activity_lines": [ 138.68133, 143.380342, 145.783357, 152.029486 ] }, { "date": "2026-07-10", "close": 137.960007, "volume": 602, "typical_volume": 2715.55, "trend": 161.340379, "fair_value": 188.037348, "relative_strength": -41.680605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.093895, "energy": 63.364338, "activity_lines": [ 137.333333, 142.075636, 144.658919, 150.376988 ] }, { "date": "2026-07-17", "close": 137.919998, "volume": 2164, "typical_volume": 2728.75, "trend": 159.218771, "fair_value": 188.173922, "relative_strength": -39.471274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.99088, "energy": 53.709104, "activity_lines": [ 137.556, 140.862181, 143.684391, 148.865995 ] }, { "date": "2026-07-24", "close": 141.240005, "volume": 3613, "typical_volume": 2743.2, "trend": 157.124253, "fair_value": 188.315986, "relative_strength": -37.857196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.031884, "energy": 35.72121, "activity_lines": [ 139.042669, 140.396, 143.16976, 147.706075 ] }, { "date": "2026-07-31", "close": 155.059998, "volume": 4483, "typical_volume": 2692.9, "trend": 155.682138, "fair_value": 188.559347, "relative_strength": -30.655848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.692187, "energy": 10.27693, "activity_lines": [ 144.622667, 142.494545, 144.108017, 147.572897 ] }, { "date": "2026-08-07", "close": 177.100006, "volume": 909, "typical_volume": 2591.0, "trend": 154.689544, "fair_value": 188.923757, "relative_strength": -22.010827, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.47268, "energy": 34.975277, "activity_lines": [ 156.217336, 148.543274, 147.183998, 148.954695 ] } ], "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." } } }