{ "ticker": { "uuid": "ccc7debe-a7d8-48c0-ac6d-a8b44c818471", "symbol": "WUTI", "name": "State Street SPDR MSCI World Utilities UCITS ETF USD Acc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -17.115, "architecture_energy": 9.063, "architecture_maturity": 27.523, "architecture_confidence": 66.509, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 59.92, "rotation_up": 30.12, "upward_expansion": 29.06, "deceleration": 54.44, "rotation_down": 38.37, "downward_expansion": 26.73 }, "activity_lines": [ 71.251999, 71.521817, 71.512238, 71.603269 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 69.959999, "trend_reference": 71.317166, "distance_from_trend": -0.01903, "trend_direction": "Improving", "fair_value": 57.242628, "distance_from_fair_value": 0.222166, "fair_value_direction": "Weakening", "relative_strength": -6.040882, "relative_strength_direction": "Weakening", "price_momentum": 0.022508, "excess_performance": -0.028727, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.01903, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.024593, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.222166, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.072224, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.060409, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.078239, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.022508, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.348498, "read": "Supply-led" } ], "volume": { "latest": 10394, "relative_activity": 1.649972, "balance": 0.348498, "dry_up": 0.822526, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.025745, "annualized_volatility": 0.17786, "from_high_reference": -0.064956, "from_low_reference": 0.141831 }, "levels": { "trend_reference": 71.317166, "fair_value_reference": 57.242628, "structural_low": 68.379997, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.016954, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.00684, "regime_survival": 0.5, "best_return": 0.071627, "worst_return": -0.107718, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.003898, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.008795, "regime_survival": 0.0, "best_return": 0.08348, "worst_return": -0.051044, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.023005, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.03007, "regime_survival": 0.0, "best_return": 0.158824, "worst_return": -0.158358, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.015784, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.005351, "regime_survival": 0.0, "best_return": 0.258667, "worst_return": -0.005886, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-22", "tenure": "Developing", "return": 0.032536, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-06-28", "tenure": "Established", "return": 0.035764, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-07-19", "tenure": "New", "return": 0.013442, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-11-08", "tenure": "Established", "return": 0.070231, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": -0.029431, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.015511, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-03-28", "tenure": "Developing", "return": 0.03855, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": 0.034424, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-02", "end": "2025-09-12", "tenure": "Established", "return": 0.071246, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": 0.056897, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-12-12", "tenure": "Developing", "return": -0.014355, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.021853, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-05-15", "tenure": "Established", "return": 0.044848, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": -0.019688, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 44.439999, "volume": 741, "typical_volume": 4413.3, "trend": 46.190834, "fair_value": 45.377564, "relative_strength": 0.629495, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -46.69507, "energy": 54.210696, "activity_lines": [ 45.472, 46.033455, 46.318191, 46.324796 ] }, { "date": "2023-08-25", "close": 44.919998, "volume": 2831, "typical_volume": 4524.65, "trend": 46.145667, "fair_value": 45.408045, "relative_strength": 0.794006, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.568149, "energy": 63.07893, "activity_lines": [ 45.089999, 45.78, 46.152048, 46.242807 ] }, { "date": "2023-09-01", "close": 44.415001, "volume": 5623, "typical_volume": 4796.35, "trend": 46.102667, "fair_value": 45.437115, "relative_strength": -1.829185, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.767415, "energy": 70.311245, "activity_lines": [ 44.735666, 45.475818, 45.951238, 46.131151 ] }, { "date": "2023-09-08", "close": 44.325001, "volume": 336, "typical_volume": 4594.75, "trend": 46.068833, "fair_value": 45.464808, "relative_strength": -1.993625, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.121084, "energy": 80.010439, "activity_lines": [ 44.545333, 45.189637, 45.755953, 46.016463 ] }, { "date": "2023-09-15", "close": 45.685001, "volume": 164758, "typical_volume": 12109.45, "trend": 46.0645, "fair_value": 45.501442, "relative_strength": -1.860073, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.81352, "energy": 54.893877, "activity_lines": [ 44.883334, 45.183546, 45.707358, 45.991699 ] }, { "date": "2023-09-22", "close": 44.759998, "volume": 4799, "typical_volume": 12278.45, "trend": 46.067, "fair_value": 45.535577, "relative_strength": -3.321339, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.241588, "energy": 43.070348, "activity_lines": [ 44.884333, 45.015818, 45.582, 45.907538 ] }, { "date": "2023-09-29", "close": 42.27, "volume": 225, "typical_volume": 12268.85, "trend": 45.995167, "fair_value": 45.543974, "relative_strength": -7.627489, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.302778, "energy": 58.350381, "activity_lines": [ 44.034, 44.438818, 45.234476, 45.66257 ] }, { "date": "2023-10-06", "close": 40.18, "volume": 8442, "typical_volume": 12585.9, "trend": 45.856667, "fair_value": 45.528461, "relative_strength": -10.716616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.772491, "energy": 83.742009, "activity_lines": [ 42.663666, 43.583454, 44.714429, 45.287398 ] }, { "date": "2023-10-13", "close": 41.965, "volume": 11681, "typical_volume": 13159.05, "trend": 45.753334, "fair_value": 45.523237, "relative_strength": -7.950655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.118686, "energy": 83.489011, "activity_lines": [ 42.170666, 43.182545, 44.39381, 45.036323 ] }, { "date": "2023-10-20", "close": 41.645, "volume": 5968, "typical_volume": 13386.9, "trend": 45.661667, "fair_value": 45.514615, "relative_strength": -6.173725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.651943, "energy": 85.439905, "activity_lines": [ 41.728333, 42.786818, 44.056524, 44.771269 ] }, { "date": "2023-10-27", "close": 41.98, "volume": 1635, "typical_volume": 13360.55, "trend": 45.5145, "fair_value": 45.519038, "relative_strength": -3.8893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.429605, "energy": 78.281195, "activity_lines": [ 41.667, 42.517636, 43.770286, 44.533742 ] }, { "date": "2023-11-03", "close": 44.264999, "volume": 2758, "typical_volume": 13283.55, "trend": 45.398667, "fair_value": 45.526795, "relative_strength": -0.43431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.052067, "energy": 43.938528, "activity_lines": [ 42.552666, 42.708636, 43.722738, 44.453129 ] }, { "date": "2023-11-10", "close": 42.945, "volume": 2755, "typical_volume": 12878.8, "trend": 45.251, "fair_value": 45.518269, "relative_strength": -2.585769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.290921, "energy": 30.749343, "activity_lines": [ 42.865333, 42.671545, 43.563357, 44.294828 ] }, { "date": "2023-11-17", "close": 44.535, "volume": 4261, "typical_volume": 13013.5, "trend": 45.137833, "fair_value": 45.524583, "relative_strength": -0.870013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.852029, "energy": 21.21564, "activity_lines": [ 43.523666, 42.950273, 43.571405, 44.248634 ] }, { "date": "2023-11-24", "close": 44.935001, "volume": 2423, "typical_volume": 12242.75, "trend": 45.0335, "fair_value": 45.532436, "relative_strength": 0.290425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.30801, "energy": 21.249091, "activity_lines": [ 44.144, 43.297909, 43.625143, 44.235548 ] }, { "date": "2023-12-01", "close": 45.375, "volume": 1739, "typical_volume": 11590.6, "trend": 44.949167, "fair_value": 45.546859, "relative_strength": 0.747386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.363563, "energy": 19.401105, "activity_lines": [ 44.691667, 43.739182, 43.726071, 44.257581 ] }, { "date": "2023-12-08", "close": 45.68, "volume": 75873, "typical_volume": 15131.4, "trend": 44.877167, "fair_value": 45.565961, "relative_strength": 1.143967, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.56671, "energy": 32.744255, "activity_lines": [ 45.114667, 44.224727, 43.8645, 44.304731 ] }, { "date": "2023-12-15", "close": 46.544998, "volume": 1875, "typical_volume": 15160.05, "trend": 44.883333, "fair_value": 45.586218, "relative_strength": 2.784146, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.719677, "energy": 47.470937, "activity_lines": [ 45.731666, 44.805545, 44.09569, 44.412333 ] }, { "date": "2023-12-22", "close": 46.049999, "volume": 1336, "typical_volume": 15051.1, "trend": 44.922833, "fair_value": 45.605737, "relative_strength": 0.156023, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.116869, "energy": 50.99533, "activity_lines": [ 45.943666, 45.180636, 44.283452, 44.487602 ] }, { "date": "2023-12-29", "close": 46.595001, "volume": 328, "typical_volume": 15019.35, "trend": 44.953833, "fair_value": 45.624615, "relative_strength": 0.944886, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.058602, "energy": 56.972319, "activity_lines": [ 46.236333, 45.580545, 44.520262, 44.595484 ] }, { "date": "2024-01-05", "close": 47.02, "volume": 151470, "typical_volume": 22555.8, "trend": 44.974333, "fair_value": 45.639519, "relative_strength": 2.429672, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.952511, "energy": 64.926458, "activity_lines": [ 46.56, 45.967727, 44.791167, 44.728785 ] }, { "date": "2024-01-12", "close": 46.529999, "volume": 83630, "typical_volume": 26595.75, "trend": 44.952667, "fair_value": 45.653526, "relative_strength": 2.196626, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.081925, "energy": 59.301806, "activity_lines": [ 46.610666, 46.174181, 45.003119, 44.82915 ] }, { "date": "2024-01-19", "close": 44.744999, "volume": 1569, "typical_volume": 26393.05, "trend": 44.900667, "fair_value": 45.657211, "relative_strength": 0.401628, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.032855, "energy": 25.720162, "activity_lines": [ 46.009666, 46.014909, 45.037404, 44.815752 ] }, { "date": "2024-01-26", "close": 44.860001, "volume": 11406, "typical_volume": 26946.55, "trend": 44.858333, "fair_value": 45.665288, "relative_strength": -1.597214, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.98605, "energy": 14.150814, "activity_lines": [ 45.567, 45.843818, 45.081071, 44.813129 ] }, { "date": "2024-02-02", "close": 44.720001, "volume": 1657, "typical_volume": 18791.5, "trend": 44.814167, "fair_value": 45.668013, "relative_strength": -1.679743, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.611514, "energy": 15.311776, "activity_lines": [ 45.157, 45.641364, 45.108857, 44.804204 ] }, { "date": "2024-02-09", "close": 43.445, "volume": 5828, "typical_volume": 18842.95, "trend": 44.690667, "fair_value": 45.666635, "relative_strength": -3.937216, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.077661, "energy": 30.768776, "activity_lines": [ 44.447, 45.211, 45.019809, 44.715871 ] }, { "date": "2024-02-16", "close": 44.165001, "volume": 26155, "typical_volume": 20139.45, "trend": 44.5675, "fair_value": 45.673878, "relative_strength": -4.107663, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.216361, "energy": 30.781426, "activity_lines": [ 44.215334, 44.946637, 45.005595, 44.681957 ] }, { "date": "2024-02-23", "close": 44.544998, "volume": 2812, "typical_volume": 19857.95, "trend": 44.474833, "fair_value": 45.694167, "relative_strength": -3.248693, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.974705, "energy": 27.895039, "activity_lines": [ 44.268, 44.778909, 45.018547, 44.680505 ] }, { "date": "2024-03-01", "close": 44.060001, "volume": 1899, "typical_volume": 19368.85, "trend": 44.4285, "fair_value": 45.715064, "relative_strength": -4.050427, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.316657, "energy": 28.045394, "activity_lines": [ 44.172333, 44.559364, 44.964524, 44.653742 ] }, { "date": "2024-03-08", "close": 46.049999, "volume": 2003, "typical_volume": 19170.6, "trend": 44.455, "fair_value": 45.735481, "relative_strength": 0.487889, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.695538, "energy": 15.877695, "activity_lines": [ 44.793333, 44.737818, 45.090047, 44.758355 ] }, { "date": "2024-03-15", "close": 45.634998, "volume": 2384, "typical_volume": 19208.05, "trend": 44.494833, "fair_value": 45.751859, "relative_strength": -1.214608, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.624977, "energy": 24.751931, "activity_lines": [ 45.187332, 44.850727, 45.155071, 44.834484 ] }, { "date": "2024-03-22", "close": 46.174999, "volume": 3358, "typical_volume": 19238.05, "trend": 44.536667, "fair_value": 45.767243, "relative_strength": -2.556281, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.948409, "energy": 36.94389, "activity_lines": [ 45.615332, 45.086999, 45.254119, 44.942881 ] }, { "date": "2024-03-29", "close": 46.974998, "volume": 1076, "typical_volume": 19154.1, "trend": 44.622, "fair_value": 45.784968, "relative_strength": -1.083654, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.643694, "energy": 64.733996, "activity_lines": [ 46.175999, 45.475181, 45.420261, 45.100193 ] }, { "date": "2024-04-05", "close": 46.619999, "volume": 39779, "typical_volume": 20930.0, "trend": 44.6985, "fair_value": 45.794904, "relative_strength": -1.230378, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.318431, "energy": 71.194225, "activity_lines": [ 46.456332, 45.758272, 45.533404, 45.229096 ] }, { "date": "2024-04-12", "close": 46.215, "volume": 7174, "typical_volume": 21167.55, "trend": 44.716166, "fair_value": 45.796282, "relative_strength": -3.047514, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.248812, "energy": 66.945811, "activity_lines": [ 46.430999, 45.935726, 45.598047, 45.326935 ] }, { "date": "2024-04-19", "close": 46.470001, "volume": 1909, "typical_volume": 21176.05, "trend": 44.773166, "fair_value": 45.799615, "relative_strength": -1.227136, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.729999, "energy": 60.172724, "activity_lines": [ 46.479666, 46.132363, 45.680881, 45.440086 ] }, { "date": "2024-04-26", "close": 47.169998, "volume": 573, "typical_volume": 17411.05, "trend": 44.9365, "fair_value": 45.811154, "relative_strength": -2.645469, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.770357, "energy": 52.03851, "activity_lines": [ 46.705999, 46.401272, 45.825166, 45.59472 ] }, { "date": "2024-05-03", "close": 48.490002, "volume": 1847, "typical_volume": 17409.65, "trend": 45.2135, "fair_value": 45.82782, "relative_strength": -0.737332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.167139, "energy": 70.397475, "activity_lines": [ 47.306, 46.855545, 46.088071, 45.823978 ] }, { "date": "2024-05-10", "close": 50.735001, "volume": 30638, "typical_volume": 18874.75, "trend": 45.505833, "fair_value": 45.860481, "relative_strength": 1.195707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.39395, "energy": 94.010205, "activity_lines": [ 48.553334, 47.646273, 46.555524, 46.180204 ] }, { "date": "2024-05-17", "close": 51.450001, "volume": 2459, "typical_volume": 18981.3, "trend": 45.832666, "fair_value": 45.896763, "relative_strength": 2.741961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.059143, "energy": 96.595416, "activity_lines": [ 49.764667, 48.445637, 47.068762, 46.563699 ] }, { "date": "2024-05-24", "close": 50.48, "volume": 1172, "typical_volume": 11466.4, "trend": 46.116, "fair_value": 45.929263, "relative_strength": 1.987999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.931886, "energy": 89.698038, "activity_lines": [ 50.303667, 48.970455, 47.4665, 46.863527 ] }, { "date": "2024-05-31", "close": 50.634998, "volume": 1623, "typical_volume": 7366.05, "trend": 46.328333, "fair_value": 45.963493, "relative_strength": 2.784307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.784306, "energy": 88.821067, "activity_lines": [ 50.627, 49.435364, 47.862524, 47.155075 ] }, { "date": "2024-06-07", "close": 49.990002, "volume": 1568, "typical_volume": 7366.0, "trend": 46.563167, "fair_value": 45.992115, "relative_strength": 1.868421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.911262, "energy": 84.660831, "activity_lines": [ 50.504334, 49.701909, 48.177571, 47.391312 ] }, { "date": "2024-06-14", "close": 49.215, "volume": 251, "typical_volume": 6808.25, "trend": 46.719167, "fair_value": 46.021346, "relative_strength": 1.545088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.105308, "energy": 60.004467, "activity_lines": [ 50.023334, 49.772728, 48.393833, 47.562398 ] }, { "date": "2024-06-21", "close": 49.215, "volume": 989, "typical_volume": 6774.85, "trend": 46.861833, "fair_value": 46.052981, "relative_strength": 0.500904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.218472, "energy": 45.864802, "activity_lines": [ 49.643667, 49.796364, 48.589357, 47.723419 ] }, { "date": "2024-06-28", "close": 48.654999, "volume": 12, "typical_volume": 6484.05, "trend": 46.971166, "fair_value": 46.080192, "relative_strength": 0.306697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.805569, "energy": 31.008861, "activity_lines": [ 49.226333, 49.663636, 48.710143, 47.839107 ] }, { "date": "2024-07-05", "close": 49.470001, "volume": 1934, "typical_volume": 5273.0, "trend": 47.0975, "fair_value": 46.110993, "relative_strength": 1.595683, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.138011, "energy": 26.014982, "activity_lines": [ 49.202334, 49.639364, 48.883738, 48.000323 ] }, { "date": "2024-07-12", "close": 51.139999, "volume": 4334, "typical_volume": 5349.1, "trend": 47.250667, "fair_value": 46.147692, "relative_strength": 4.450954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.804684, "energy": 41.757566, "activity_lines": [ 49.812666, 49.876909, 49.191119, 48.261129 ] }, { "date": "2024-07-19", "close": 50.134998, "volume": 2628, "typical_volume": 5385.55, "trend": 47.386833, "fair_value": 46.179487, "relative_strength": 3.651536, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.734253, "energy": 42.781059, "activity_lines": [ 50.011332, 49.883545, 49.371381, 48.447215 ] }, { "date": "2024-07-26", "close": 50.974998, "volume": 838, "typical_volume": 5327.3, "trend": 47.532833, "fair_value": 46.213718, "relative_strength": 3.734178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.194591, "energy": 54.31826, "activity_lines": [ 50.428665, 50.053817, 49.602714, 48.678709 ] }, { "date": "2024-08-02", "close": 52.119999, "volume": 1320, "typical_volume": 5274.1, "trend": 47.702833, "fair_value": 46.2525, "relative_strength": 7.376541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.900094, "energy": 73.704534, "activity_lines": [ 51.110332, 50.440908, 49.919642, 48.974656 ] }, { "date": "2024-08-09", "close": 51.93, "volume": 5726, "typical_volume": 5392.5, "trend": 47.882833, "fair_value": 46.286154, "relative_strength": 6.952722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.655408, "energy": 76.141199, "activity_lines": [ 51.497666, 50.763636, 50.187595, 49.247376 ] }, { "date": "2024-08-16", "close": 52.77, "volume": 3525, "typical_volume": 5514.95, "trend": 48.150333, "fair_value": 46.320673, "relative_strength": 6.729517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.111748, "energy": 85.030572, "activity_lines": [ 52.000999, 51.215545, 50.508142, 49.562677 ] }, { "date": "2024-08-23", "close": 53.900002, "volume": 11984, "typical_volume": 4125.2, "trend": 48.451666, "fair_value": 46.366538, "relative_strength": 8.676918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.554715, "energy": 92.95253, "activity_lines": [ 52.772334, 51.822363, 50.908714, 49.933623 ] }, { "date": "2024-08-30", "close": 54.095001, "volume": 1800, "typical_volume": 3856.5, "trend": 48.764166, "fair_value": 46.40907, "relative_strength": 8.257197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.950358, "energy": 91.890313, "activity_lines": [ 53.357667, 52.379455, 51.29319, 50.29771 ] }, { "date": "2024-09-06", "close": 54.68, "volume": 11299, "typical_volume": 4326.0, "trend": 49.138666, "fair_value": 46.461314, "relative_strength": 11.764946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.355508, "energy": 92.523328, "activity_lines": [ 53.930001, 52.954182, 51.695857, 50.679376 ] }, { "date": "2024-09-13", "close": 55.645, "volume": 5595, "typical_volume": 4577.1, "trend": 49.521333, "fair_value": 46.527468, "relative_strength": 12.188855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.179979, "energy": 94.357996, "activity_lines": [ 54.653334, 53.594818, 52.151333, 51.09914 ] }, { "date": "2024-09-20", "close": 56.02, "volume": 5015, "typical_volume": 4735.5, "trend": 49.903833, "fair_value": 46.599744, "relative_strength": 13.180016, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.463965, "energy": 91.707658, "activity_lines": [ 55.254, 54.191364, 52.602167, 51.518409 ] }, { "date": "2024-09-27", "close": 57.285, "volume": 3572, "typical_volume": 3382.2, "trend": 50.344666, "fair_value": 46.687115, "relative_strength": 13.988533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.311939, "energy": 89.938316, "activity_lines": [ 56.059667, 54.929182, 53.137619, 51.994613 ] }, { "date": "2024-10-04", "close": 56.595001, "volume": 10064, "typical_volume": 3762.45, "trend": 50.696167, "fair_value": 46.765353, "relative_strength": 12.633827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.670578, "energy": 78.439456, "activity_lines": [ 56.409667, 55.411546, 53.576167, 52.39786 ] }, { "date": "2024-10-11", "close": 55.740002, "volume": 7475, "typical_volume": 4077.6, "trend": 51.033, "fair_value": 46.834968, "relative_strength": 10.86115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.483504, "energy": 66.536621, "activity_lines": [ 56.308001, 55.636273, 53.908786, 52.723269 ] }, { "date": "2024-10-18", "close": 57.325001, "volume": 41438, "typical_volume": 6068.35, "trend": 51.404667, "fair_value": 46.908269, "relative_strength": 12.150426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.645003, "energy": 69.309405, "activity_lines": [ 56.664001, 56.083364, 54.36731, 53.129205 ] }, { "date": "2024-10-25", "close": 56.470001, "volume": 3464, "typical_volume": 6163.15, "trend": 51.721167, "fair_value": 46.97657, "relative_strength": 11.56246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.252073, "energy": 61.214346, "activity_lines": [ 56.623001, 56.27691, 54.712548, 53.456 ] }, { "date": "2024-11-01", "close": 55.334999, "volume": 4021, "typical_volume": 6351.65, "trend": 52.011667, "fair_value": 47.037276, "relative_strength": 10.001733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.409918, "energy": 48.992205, "activity_lines": [ 56.173667, 56.196819, 54.918834, 53.689151 ] }, { "date": "2024-11-08", "close": 54.555, "volume": 8344, "typical_volume": 6719.4, "trend": 52.289667, "fair_value": 47.095288, "relative_strength": 9.542791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.492652, "energy": 40.112165, "activity_lines": [ 55.594334, 55.948819, 55.021691, 53.853237 ] }, { "date": "2024-11-15", "close": 54.365002, "volume": 14460, "typical_volume": 7441.8, "trend": 52.552833, "fair_value": 47.152468, "relative_strength": 9.006066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.559516, "energy": 26.267822, "activity_lines": [ 55.087667, 55.65791, 55.081024, 53.987129 ] }, { "date": "2024-11-22", "close": 55.709999, "volume": 346, "typical_volume": 7362.4, "trend": 52.8375, "fair_value": 47.219904, "relative_strength": 8.768236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.555441, "energy": 26.67457, "activity_lines": [ 55.121, 55.617273, 55.241262, 54.190817 ] }, { "date": "2024-11-29", "close": 56.57, "volume": 265, "typical_volume": 7158.95, "trend": 53.106833, "fair_value": 47.29391, "relative_strength": 9.838959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.51693, "energy": 27.199027, "activity_lines": [ 55.548667, 55.731819, 55.453691, 54.431624 ] }, { "date": "2024-12-06", "close": 54.994999, "volume": 669, "typical_volume": 7061.0, "trend": 53.248833, "fair_value": 47.347885, "relative_strength": 6.318831, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.798972, "energy": 22.134904, "activity_lines": [ 55.444666, 55.55, 55.490262, 54.553441 ] }, { "date": "2024-12-13", "close": 53.605, "volume": 5146, "typical_volume": 7276.4, "trend": 53.320667, "fair_value": 47.388782, "relative_strength": 3.634478, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.706891, "energy": 7.650069, "activity_lines": [ 54.9, 55.157091, 55.37131, 54.57642 ] }, { "date": "2024-12-20", "close": 52.349998, "volume": 72, "typical_volume": 7214.0, "trend": 53.383, "fair_value": 47.420096, "relative_strength": 3.750668, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.004834, "energy": 19.01427, "activity_lines": [ 54.000332, 54.590363, 55.12031, 54.513796 ] }, { "date": "2024-12-27", "close": 52.764999, "volume": 2950, "typical_volume": 7075.2, "trend": 53.454, "fair_value": 47.449038, "relative_strength": 3.593199, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.679862, "energy": 41.310728, "activity_lines": [ 53.373332, 54.160727, 54.907738, 54.473925 ] }, { "date": "2025-01-03", "close": 53.509998, "volume": 1082, "typical_volume": 6953.05, "trend": 53.571333, "fair_value": 47.488558, "relative_strength": 3.982632, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.840595, "energy": 49.476575, "activity_lines": [ 53.190999, 53.949454, 54.762143, 54.477537 ] }, { "date": "2025-01-10", "close": 51.974998, "volume": 1574, "typical_volume": 6432.55, "trend": 53.663333, "fair_value": 47.519327, "relative_strength": 0.638291, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.133702, "energy": 62.365097, "activity_lines": [ 52.700998, 53.512908, 54.466833, 54.374548 ] }, { "date": "2025-01-17", "close": 54.205002, "volume": 1921, "typical_volume": 6438.6, "trend": 53.829667, "fair_value": 47.565256, "relative_strength": 1.670834, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.63159, "energy": 37.624261, "activity_lines": [ 53.155666, 53.542908, 54.393071, 54.409494 ] }, { "date": "2025-01-24", "close": 54.34, "volume": 4696, "typical_volume": 6108.45, "trend": 54.019167, "fair_value": 47.620481, "relative_strength": 1.796575, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.326914, "energy": 14.46427, "activity_lines": [ 53.615333, 53.603818, 54.331643, 54.442419 ] }, { "date": "2025-01-31", "close": 54.084999, "volume": 2674, "typical_volume": 5962.4, "trend": 54.173, "fair_value": 47.66907, "relative_strength": -0.795861, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.789103, "energy": 9.228528, "activity_lines": [ 53.857333, 53.618818, 54.247547, 54.446666 ] }, { "date": "2025-02-07", "close": 53.935001, "volume": 2866, "typical_volume": 5854.95, "trend": 54.266167, "fair_value": 47.719679, "relative_strength": -1.511509, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.258498, "energy": 11.691053, "activity_lines": [ 53.961334, 53.636091, 54.156595, 54.431312 ] }, { "date": "2025-02-14", "close": 54.630001, "volume": 3245, "typical_volume": 5838.6, "trend": 54.416, "fair_value": 47.777885, "relative_strength": -0.76832, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.650193, "energy": 10.393823, "activity_lines": [ 54.268667, 53.827636, 54.141762, 54.454785 ] }, { "date": "2025-02-21", "close": 55.125, "volume": 1736, "typical_volume": 5422.2, "trend": 54.554333, "fair_value": 47.836378, "relative_strength": 0.796035, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.881315, "energy": 11.627532, "activity_lines": [ 54.564, 54.115818, 54.186714, 54.500527 ] }, { "date": "2025-02-28", "close": 54.595001, "volume": 4062, "typical_volume": 5251.55, "trend": 54.636833, "fair_value": 47.892788, "relative_strength": -2.01404, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.733531, "energy": 13.253085, "activity_lines": [ 54.621334, 54.28, 54.18819, 54.503151 ] }, { "date": "2025-03-07", "close": 54.105, "volume": 13175, "typical_volume": 3838.4, "trend": 54.709333, "fair_value": 47.940609, "relative_strength": -1.507646, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.256085, "energy": 12.80873, "activity_lines": [ 54.498334, 54.314273, 54.148452, 54.468839 ] }, { "date": "2025-03-14", "close": 55.264999, "volume": 9140, "typical_volume": 4122.2, "trend": 54.7925, "fair_value": 47.993526, "relative_strength": 1.006374, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.064057, "energy": 10.394227, "activity_lines": [ 54.760667, 54.535091, 54.234524, 54.504688 ] }, { "date": "2025-03-21", "close": 55.700001, "volume": 1903, "typical_volume": 4016.3, "trend": 54.8525, "fair_value": 48.045865, "relative_strength": 1.440029, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.408571, "energy": 29.978108, "activity_lines": [ 55.079334, 54.803091, 54.367762, 54.563237 ] }, { "date": "2025-03-28", "close": 56.169998, "volume": 2295, "typical_volume": 3713.85, "trend": 54.921667, "fair_value": 48.092436, "relative_strength": 1.973884, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.798402, "energy": 41.042813, "activity_lines": [ 55.483333, 55.088818, 54.544024, 54.648236 ] }, { "date": "2025-04-04", "close": 55.630001, "volume": 7127, "typical_volume": 3347.2, "trend": 54.953333, "fair_value": 48.126026, "relative_strength": 8.23368, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.115903, "energy": 39.520328, "activity_lines": [ 55.637667, 55.240636, 54.661167, 54.693935 ] }, { "date": "2025-04-11", "close": 54.845001, "volume": 55797, "typical_volume": 6119.75, "trend": 54.926667, "fair_value": 48.159167, "relative_strength": 7.564277, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.584182, "energy": 25.104626, "activity_lines": [ 55.461334, 55.226273, 54.697524, 54.686946 ] }, { "date": "2025-04-18", "close": 57.535, "volume": 851, "typical_volume": 6149.05, "trend": 54.977167, "fair_value": 48.213654, "relative_strength": 8.245764, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.339597, "energy": 43.540886, "activity_lines": [ 56.132334, 55.687182, 54.994191, 54.855226 ] }, { "date": "2025-04-25", "close": 57.544998, "volume": 148, "typical_volume": 6123.0, "trend": 54.985833, "fair_value": 48.275897, "relative_strength": 6.137086, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.898515, "energy": 57.024623, "activity_lines": [ 56.655333, 56.084454, 55.287214, 55.020892 ] }, { "date": "2025-05-02", "close": 58.599998, "volume": 2040, "typical_volume": 5967.7, "trend": 55.052667, "fair_value": 48.348654, "relative_strength": 5.518369, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.23569, "energy": 71.716495, "activity_lines": [ 57.406999, 56.620545, 55.668571, 55.254064 ] }, { "date": "2025-05-09", "close": 58.544998, "volume": 110205, "typical_volume": 11474.35, "trend": 55.146166, "fair_value": 48.42359, "relative_strength": 5.671562, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.156665, "energy": 77.582058, "activity_lines": [ 57.978332, 57.083454, 56.020904, 55.479376 ] }, { "date": "2025-05-16", "close": 59.23, "volume": 2304, "typical_volume": 11442.05, "trend": 55.209666, "fair_value": 48.498878, "relative_strength": 5.088599, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.514309, "energy": 76.778254, "activity_lines": [ 58.583665, 57.59909, 56.408976, 55.742849 ] }, { "date": "2025-05-23", "close": 59.259998, "volume": 7199, "typical_volume": 11747.9, "trend": 55.302666, "fair_value": 48.563846, "relative_strength": 4.513432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.037082, "energy": 73.35787, "activity_lines": [ 58.906665, 58.026999, 56.769118, 56.004161 ] }, { "date": "2025-05-30", "close": 59.880001, "volume": 35, "typical_volume": 11670.95, "trend": 55.454166, "fair_value": 48.638461, "relative_strength": 4.732986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.4885, "energy": 69.680057, "activity_lines": [ 59.321333, 58.494999, 57.160928, 56.299473 ] }, { "date": "2025-06-06", "close": 59.57, "volume": 70340, "typical_volume": 15091.9, "trend": 55.621333, "fair_value": 48.720961, "relative_strength": 3.212262, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.45156, "energy": 58.196638, "activity_lines": [ 59.477, 58.830636, 57.485571, 56.56501 ] }, { "date": "2025-06-13", "close": 60.535, "volume": 1639, "typical_volume": 14939.05, "trend": 55.827, "fair_value": 48.83266, "relative_strength": 4.487995, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.425466, "energy": 61.924669, "activity_lines": [ 59.889667, 59.279909, 57.876571, 56.882021 ] }, { "date": "2025-06-20", "close": 60.084999, "volume": 1036, "typical_volume": 14857.15, "trend": 55.972833, "fair_value": 48.928654, "relative_strength": 4.340684, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.881295, "energy": 51.561642, "activity_lines": [ 60.019666, 59.558181, 58.195214, 57.156731 ] }, { "date": "2025-06-27", "close": 61.014999, "volume": 3819, "typical_volume": 14904.8, "trend": 56.121, "fair_value": 49.02375, "relative_strength": 5.363303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.561665, "energy": 52.616986, "activity_lines": [ 60.402666, 59.910272, 58.573857, 57.482032 ] }, { "date": "2025-07-04", "close": 61.165001, "volume": 1616, "typical_volume": 14823.35, "trend": 56.326666, "fair_value": 49.125, "relative_strength": 5.057982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.253764, "energy": 53.166854, "activity_lines": [ 60.718667, 60.226363, 58.933071, 57.807451 ] }, { "date": "2025-07-11", "close": 60.895, "volume": 33535, "typical_volume": 16413.3, "trend": 56.569666, "fair_value": 49.225096, "relative_strength": 3.027136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.529967, "energy": 51.80635, "activity_lines": [ 60.859, 60.427545, 59.235452, 58.102182 ] }, { "date": "2025-07-18", "close": 61.869999, "volume": 1421, "typical_volume": 16281.25, "trend": 56.887, "fair_value": 49.331026, "relative_strength": 3.861483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.417936, "energy": 68.974624, "activity_lines": [ 61.236, 60.764272, 59.603214, 58.444139 ] }, { "date": "2025-07-25", "close": 62.294998, "volume": 6499, "typical_volume": 15947.45, "trend": 57.204666, "fair_value": 49.423397, "relative_strength": 2.902376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.639409, "energy": 72.491745, "activity_lines": [ 61.665666, 61.117818, 59.976809, 58.793043 ] }, { "date": "2025-08-01", "close": 62.674999, "volume": 3355, "typical_volume": 15658.2, "trend": 57.510166, "fair_value": 49.520352, "relative_strength": 3.95904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.142289, "energy": 76.247231, "activity_lines": [ 62.074666, 61.484727, 60.347595, 59.145967 ] }, { "date": "2025-08-08", "close": 63.415001, "volume": 8640, "typical_volume": 15995.05, "trend": 57.8915, "fair_value": 49.611987, "relative_strength": 4.687046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.380834, "energy": 79.667376, "activity_lines": [ 62.619666, 61.92409, 60.753571, 59.526924 ] }, { "date": "2025-08-15", "close": 63.009998, "volume": 16144, "typical_volume": 16687.5, "trend": 58.185, "fair_value": 49.699006, "relative_strength": 3.363912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.850681, "energy": 79.507551, "activity_lines": [ 62.879666, 62.225545, 61.084237, 59.85715 ] }, { "date": "2025-08-22", "close": 63.720001, "volume": 5908, "typical_volume": 16626.55, "trend": 58.497666, "fair_value": 49.796058, "relative_strength": 2.37479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.172078, "energy": 82.966976, "activity_lines": [ 63.235333, 62.593545, 61.449952, 60.214247 ] }, { "date": "2025-08-29", "close": 62.285, "volume": 1245, "typical_volume": 13898.95, "trend": 58.771, "fair_value": 49.888942, "relative_strength": 1.435958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.991569, "energy": 58.374861, "activity_lines": [ 62.989333, 62.642727, 61.640476, 60.458591 ] }, { "date": "2025-09-05", "close": 61.509998, "volume": 1033, "typical_volume": 13908.05, "trend": 59.0235, "fair_value": 49.971506, "relative_strength": -0.05257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.246129, "energy": 42.262209, "activity_lines": [ 62.485666, 62.510999, 61.721761, 60.635301 ] }, { "date": "2025-09-12", "close": 62.775002, "volume": 9772, "typical_volume": 14389.25, "trend": 59.295, "fair_value": 50.072147, "relative_strength": 1.167237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.649308, "energy": 37.630407, "activity_lines": [ 62.481333, 62.600273, 61.904595, 60.877333 ] }, { "date": "2025-09-19", "close": 62.130001, "volume": 9511, "typical_volume": 14762.8, "trend": 59.5285, "fair_value": 50.181795, "relative_strength": 0.870374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.996461, "energy": 26.981883, "activity_lines": [ 62.304667, 62.543, 62.001095, 61.060236 ] }, { "date": "2025-09-26", "close": 63.674999, "volume": 1291, "typical_volume": 9317.1, "trend": 59.831166, "fair_value": 50.320096, "relative_strength": 2.628349, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.399238, "energy": 37.941819, "activity_lines": [ 62.701667, 62.744182, 62.227928, 61.327752 ] }, { "date": "2025-10-03", "close": 65.665001, "volume": 2872, "typical_volume": 9345.5, "trend": 60.2165, "fair_value": 50.477468, "relative_strength": 3.508136, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 85.289888, "energy": 68.810882, "activity_lines": [ 63.765, 63.274364, 62.619857, 61.704129 ] }, { "date": "2025-10-10", "close": 66.18, "volume": 6576, "typical_volume": 9314.35, "trend": 60.580333, "fair_value": 50.645801, "relative_strength": 4.945424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.769776, "energy": 86.404141, "activity_lines": [ 64.774667, 63.836909, 63.03019, 62.088871 ] }, { "date": "2025-10-17", "close": 67.190002, "volume": 7299, "typical_volume": 9677.55, "trend": 60.963333, "fair_value": 50.818974, "relative_strength": 7.277402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.493018, "energy": 93.137439, "activity_lines": [ 65.809667, 64.519364, 63.503762, 62.515301 ] }, { "date": "2025-10-24", "close": 66.459999, "volume": 26939, "typical_volume": 7507.5, "trend": 61.306333, "fair_value": 50.971346, "relative_strength": 2.897444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.701121, "energy": 86.960557, "activity_lines": [ 66.307, 65.000455, 63.873, 62.869925 ] }, { "date": "2025-10-31", "close": 66.410004, "volume": 3514, "typical_volume": 7601.25, "trend": 61.665667, "fair_value": 51.12375, "relative_strength": 2.041671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.734833, "energy": 79.468649, "activity_lines": [ 66.499002, 65.409728, 64.204667, 63.199194 ] }, { "date": "2025-11-07", "close": 66.32, "volume": 17595, "typical_volume": 8429.2, "trend": 62.048166, "fair_value": 51.264936, "relative_strength": 2.241804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.326736, "energy": 59.198173, "activity_lines": [ 66.478668, 65.753728, 64.499786, 63.499473 ] }, { "date": "2025-11-14", "close": 67.004997, "volume": 26670, "typical_volume": 9571.75, "trend": 62.363833, "fair_value": 51.407019, "relative_strength": 3.080161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.018546, "energy": 56.605417, "activity_lines": [ 66.643, 66.148909, 64.830453, 63.819269 ] }, { "date": "2025-11-21", "close": 65.949997, "volume": 4723, "typical_volume": 9727.1, "trend": 62.644, "fair_value": 51.53359, "relative_strength": 3.094574, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.722314, "energy": 46.086764, "activity_lines": [ 66.400665, 66.252363, 65.032119, 64.050634 ] }, { "date": "2025-11-28", "close": 67.695, "volume": 8676, "typical_volume": 8484.15, "trend": 62.947166, "fair_value": 51.671282, "relative_strength": 3.813026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.105195, "energy": 49.254069, "activity_lines": [ 66.822666, 66.615363, 65.37719, 64.376505 ] }, { "date": "2025-12-05", "close": 65.915001, "volume": 35749, "typical_volume": 10200.55, "trend": 63.192833, "fair_value": 51.795705, "relative_strength": 1.58465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.516786, "energy": 38.874219, "activity_lines": [ 66.568999, 66.553545, 65.520357, 64.567978 ] }, { "date": "2025-12-12", "close": 65.230003, "volume": 66587, "typical_volume": 13204.95, "trend": 63.392833, "fair_value": 51.921859, "relative_strength": 0.629408, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.297628, "energy": 25.879434, "activity_lines": [ 66.120001, 66.326455, 65.579024, 64.699409 ] }, { "date": "2025-12-19", "close": 65.894997, "volume": 16702, "typical_volume": 13872.3, "trend": 63.614, "fair_value": 52.048045, "relative_strength": -0.947769, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.268445, "energy": 23.163636, "activity_lines": [ 65.965333, 66.228182, 65.687048, 64.860839 ] }, { "date": "2025-12-26", "close": 65.705002, "volume": 4788, "typical_volume": 13679.7, "trend": 63.808167, "fair_value": 52.170929, "relative_strength": -1.017795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.48554, "energy": 18.266113, "activity_lines": [ 65.821334, 66.100546, 65.761643, 64.995742 ] }, { "date": "2026-01-02", "close": 66.57, "volume": 16695, "typical_volume": 13707.25, "trend": 64.0415, "fair_value": 52.297885, "relative_strength": -0.577027, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.764873, "energy": 18.536016, "activity_lines": [ 65.982, 66.157182, 65.907714, 65.173925 ] }, { "date": "2026-01-09", "close": 66.489998, "volume": 10938, "typical_volume": 13958.75, "trend": 64.24, "fair_value": 52.421186, "relative_strength": -2.472376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.187777, "energy": 22.257841, "activity_lines": [ 66.191, 66.197272, 66.029214, 65.331892 ] }, { "date": "2026-01-16", "close": 67.334999, "volume": 9440, "typical_volume": 14368.5, "trend": 64.481667, "fair_value": 52.557404, "relative_strength": -2.358463, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.715437, "energy": 34.028506, "activity_lines": [ 66.643333, 66.389545, 66.218, 65.53157 ] }, { "date": "2026-01-23", "close": 66.669998, "volume": 10851, "typical_volume": 14859.4, "trend": 64.670166, "fair_value": 52.688141, "relative_strength": -2.497415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.654731, "energy": 35.315529, "activity_lines": [ 66.733665, 66.442454, 66.319404, 65.672752 ] }, { "date": "2026-01-30", "close": 68.074997, "volume": 9303, "typical_volume": 14835.95, "trend": 64.9005, "fair_value": 52.831538, "relative_strength": -1.341828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.292815, "energy": 51.216182, "activity_lines": [ 67.240665, 66.756908, 66.530047, 65.892419 ] }, { "date": "2026-02-06", "close": 68.419998, "volume": 103267, "typical_volume": 19523.75, "trend": 65.151333, "fair_value": 52.979487, "relative_strength": -2.351779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.731646, "energy": 58.787956, "activity_lines": [ 67.704665, 67.095453, 66.748309, 66.119483 ] }, { "date": "2026-02-13", "close": 72.580002, "volume": 26320, "typical_volume": 20775.2, "trend": 65.508333, "fair_value": 53.151058, "relative_strength": 2.623678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.766683, "energy": 81.062698, "activity_lines": [ 69.431999, 68.177181, 67.332809, 66.598752 ] }, { "date": "2026-02-20", "close": 71.989998, "volume": 7702, "typical_volume": 21016.7, "trend": 65.8315, "fair_value": 53.32609, "relative_strength": -0.605806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.927909, "energy": 84.808466, "activity_lines": [ 70.556666, 69.030453, 67.818714, 67.016924 ] }, { "date": "2026-02-27", "close": 74.555, "volume": 41774, "typical_volume": 22776.6, "trend": 66.2275, "fair_value": 53.519231, "relative_strength": 0.643465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.126703, "energy": 94.560101, "activity_lines": [ 72.225999, 70.227181, 68.518785, 67.579731 ] }, { "date": "2026-03-06", "close": 71.714996, "volume": 10058, "typical_volume": 22914.55, "trend": 66.504166, "fair_value": 53.694743, "relative_strength": 2.485589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.33136, "energy": 85.229709, "activity_lines": [ 72.422998, 70.750089, 68.908499, 67.933763 ] }, { "date": "2026-03-13", "close": 72.824997, "volume": 5031, "typical_volume": 21819.15, "trend": 66.831333, "fair_value": 53.872692, "relative_strength": 4.106701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.625422, "energy": 81.399676, "activity_lines": [ 72.747331, 71.365544, 69.38238, 68.341558 ] }, { "date": "2026-03-20", "close": 70.410004, "volume": 14679, "typical_volume": 22377.4, "trend": 67.054333, "fair_value": 54.039455, "relative_strength": 3.941498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.43086, "energy": 52.438731, "activity_lines": [ 71.973, 71.428181, 69.595952, 68.57244 ] }, { "date": "2026-03-27", "close": 71.089996, "volume": 10654, "typical_volume": 22030.35, "trend": 67.347833, "fair_value": 54.197756, "relative_strength": 4.238955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.817752, "energy": 38.363243, "activity_lines": [ 71.569999, 71.543181, 69.855237, 68.832806 ] }, { "date": "2026-04-03", "close": 72.980003, "volume": 4869, "typical_volume": 20940.3, "trend": 67.730166, "fair_value": 54.359551, "relative_strength": 2.177451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.493357, "energy": 37.40297, "activity_lines": [ 71.857, 71.933545, 70.271809, 69.196171 ] }, { "date": "2026-04-10", "close": 74.620003, "volume": 7197, "typical_volume": 21064.0, "trend": 68.125, "fair_value": 54.534199, "relative_strength": 2.811136, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.383406, "energy": 45.627989, "activity_lines": [ 72.795668, 72.507364, 70.816119, 69.640677 ] }, { "date": "2026-04-17", "close": 72.205002, "volume": 10125, "typical_volume": 21136.45, "trend": 68.460833, "fair_value": 54.689808, "relative_strength": -1.090978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.384928, "energy": 40.697038, "activity_lines": [ 72.735668, 72.523092, 71.089143, 69.903903 ] }, { "date": "2026-04-24", "close": 72.875, "volume": 12665, "typical_volume": 19982.25, "trend": 68.7675, "fair_value": 54.848846, "relative_strength": 2.54883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.870397, "energy": 40.647826, "activity_lines": [ 72.940335, 72.591819, 71.4045, 70.188688 ] }, { "date": "2026-05-01", "close": 74.254997, "volume": 5308, "typical_volume": 16918.3, "trend": 69.053833, "fair_value": 55.017756, "relative_strength": 4.541814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.106007, "energy": 44.08097, "activity_lines": [ 73.440667, 72.906091, 71.818142, 70.54272 ] }, { "date": "2026-05-08", "close": 71.410004, "volume": 5278, "typical_volume": 16347.1, "trend": 69.228166, "fair_value": 55.168846, "relative_strength": 1.782985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.706685, "energy": 30.056975, "activity_lines": [ 72.781668, 72.66191, 71.917857, 70.694731 ] }, { "date": "2026-05-15", "close": 69.660004, "volume": 21165, "typical_volume": 17165.95, "trend": 69.3105, "fair_value": 55.318205, "relative_strength": -0.347669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.37566, "energy": 13.065488, "activity_lines": [ 71.644002, 72.156729, 71.824643, 70.722592 ] }, { "date": "2026-05-22", "close": 71.364998, "volume": 8306, "typical_volume": 16746.5, "trend": 69.474, "fair_value": 55.488077, "relative_strength": -0.556909, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.896555, "energy": 16.160651, "activity_lines": [ 71.405334, 71.99891, 71.874976, 70.85514 ] }, { "date": "2026-05-29", "close": 70.349998, "volume": 6722, "typical_volume": 16535.7, "trend": 69.605333, "fair_value": 55.646314, "relative_strength": -1.415778, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.035328, "energy": 14.598683, "activity_lines": [ 70.884333, 71.683091, 71.80581, 70.911656 ] }, { "date": "2026-06-05", "close": 70.230003, "volume": 471, "typical_volume": 16087.25, "trend": 69.735666, "fair_value": 55.799038, "relative_strength": -1.2021, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.994757, "energy": 16.198855, "activity_lines": [ 70.491668, 71.346546, 71.706834, 70.951957 ] }, { "date": "2026-06-12", "close": 70.565002, "volume": 138, "typical_volume": 15551.6, "trend": 69.854333, "fair_value": 55.948942, "relative_strength": -1.685084, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.682298, "energy": 13.529539, "activity_lines": [ 70.479001, 71.086546, 71.625977, 71.005463 ] }, { "date": "2026-06-19", "close": 70.339996, "volume": 409, "typical_volume": 15106.9, "trend": 70.000667, "fair_value": 56.103013, "relative_strength": -0.956772, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.281598, "energy": 17.289903, "activity_lines": [ 70.447666, 70.829546, 71.505143, 71.036796 ] }, { "date": "2026-06-26", "close": 72.434998, "volume": 425, "typical_volume": 9964.8, "trend": 70.158666, "fair_value": 56.271634, "relative_strength": 0.600225, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.596857, "energy": 14.637759, "activity_lines": [ 71.069332, 71.031272, 71.573048, 71.193849 ] }, { "date": "2026-07-03", "close": 72.610001, "volume": 479, "typical_volume": 8672.75, "trend": 70.381833, "fair_value": 56.441923, "relative_strength": -0.734393, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.919422, "energy": 20.879308, "activity_lines": [ 71.677999, 71.260636, 71.6385, 71.352 ] }, { "date": "2026-07-10", "close": 71.660004, "volume": 11053, "typical_volume": 8840.3, "trend": 70.596166, "fair_value": 56.599038, "relative_strength": -0.341839, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.110973, "energy": 20.822945, "activity_lines": [ 71.819334, 71.322091, 71.613334, 71.434463 ] }, { "date": "2026-07-17", "close": 72.449997, "volume": 3136, "typical_volume": 6908.4, "trend": 70.814667, "fair_value": 56.756667, "relative_strength": -0.210319, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.841743, "energy": 29.123683, "activity_lines": [ 72.128666, 71.574363, 71.664976, 71.554065 ] }, { "date": "2026-07-24", "close": 73.099998, "volume": 5579, "typical_volume": 6684.45, "trend": 71.061166, "fair_value": 56.921891, "relative_strength": -0.582539, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.65406, "energy": 43.470297, "activity_lines": [ 72.528999, 71.925909, 71.788548, 71.701505 ] }, { "date": "2026-07-31", "close": 70.779999, "volume": 1617, "typical_volume": 6513.75, "trend": 71.2015, "fair_value": 57.084263, "relative_strength": -4.799513, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.938813, "energy": 17.841198, "activity_lines": [ 71.971999, 71.79309, 71.684571, 71.683365 ] }, { "date": "2026-08-07", "close": 69.959999, "volume": 10394, "typical_volume": 6299.5, "trend": 71.317166, "fair_value": 57.242628, "relative_strength": -6.040882, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.115421, "energy": 9.06299, "activity_lines": [ 71.251999, 71.521817, 71.512238, 71.603269 ] } ], "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." } } }