{ "ticker": { "uuid": "d6988190-421e-4b12-9921-96beea71df92", "symbol": "HTWS", "name": "Helios Towers plc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 72.858, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "mixed", "architecture_direction": -19.578, "architecture_energy": 28.855, "architecture_maturity": 33.509, "architecture_confidence": 41.64, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 42.52, "rotation_up": 15.35, "upward_expansion": 22.4, "deceleration": 58.45, "rotation_down": 59.31, "downward_expansion": 40.73 }, "activity_lines": [ 198.852393, 202.037398, 209.434281, 206.262884 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 202.6, "trend_reference": 199.864473, "distance_from_trend": 0.013687, "trend_direction": "Improving", "fair_value": 125.991245, "distance_from_fair_value": 0.608048, "fair_value_direction": "Weakening", "relative_strength": 5.222384, "relative_strength_direction": "Weakening", "price_momentum": 0.111965, "excess_performance": 0.06073, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.013687, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.083315, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.608048, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.421259, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.052224, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.387561, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.111965, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.636536, "read": "Demand-led" } ], "volume": { "latest": 46293145, "relative_activity": 3.960377, "balance": 1.636536, "dry_up": 1.782185, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.067351, "annualized_volatility": 0.370802, "from_high_reference": -0.181745, "from_low_reference": 0.716949 }, "levels": { "trend_reference": 199.864473, "fair_value_reference": 125.991245, "structural_low": 169.199997, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.0454, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.016527, "regime_survival": 0.428571, "best_return": 0.131034, "worst_return": -0.089431, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.007666, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.039385, "regime_survival": 0.25, "best_return": 0.289655, "worst_return": -0.217073, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.222764, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.262583, "regime_survival": 0.0, "best_return": 0.491379, "worst_return": -0.331541, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.139425, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.182779, "regime_survival": 0.5, "best_return": 0.104065, "worst_return": -0.382915, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-03-03", "end": "2023-12-29", "tenure": "Extended", "return": -0.157994, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-05", "end": "2024-02-02", "tenure": "Developing", "return": -0.143521, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-09", "end": "2024-03-29", "tenure": "Developing", "return": 0.220579, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-05", "end": "2024-08-16", "tenure": "Established", "return": 0.291979, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-23", "end": "2024-11-01", "tenure": "Developing", "return": -0.102439, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-03-07", "tenure": "Established", "return": -0.111009, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": 0.076321, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.121032, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-07-25", "tenure": "Developing", "return": 0.054965, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": 0.17069, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2026-03-27", "tenure": "Extended", "return": 0.320122, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.056144, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-19", "tenure": "Developing", "return": 0.109974, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.055037, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 84.849998, "volume": 3081427, "typical_volume": 4422795.0, "trend": 98.068333, "fair_value": 137.270192, "relative_strength": -16.451108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.908925, "energy": 43.544331, "activity_lines": [ 86.726666, 88.538181, 90.668095, 93.613118 ] }, { "date": "2023-08-25", "close": 86.599998, "volume": 2860538, "typical_volume": 4452956.55, "trend": 96.955, "fair_value": 136.844551, "relative_strength": -15.024085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.929028, "energy": 48.333229, "activity_lines": [ 85.999999, 87.908181, 90.018809, 92.873225 ] }, { "date": "2023-09-01", "close": 89.449997, "volume": 2216842, "typical_volume": 4478448.45, "trend": 96.273333, "fair_value": 136.451282, "relative_strength": -13.230253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.405801, "energy": 38.083364, "activity_lines": [ 86.789998, 88.025453, 89.71857, 92.389032 ] }, { "date": "2023-09-08", "close": 88.150002, "volume": 1503675, "typical_volume": 4402291.25, "trend": 95.585, "fair_value": 135.97532, "relative_strength": -14.133186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.623435, "energy": 27.58399, "activity_lines": [ 87.413333, 87.883635, 89.360475, 91.864946 ] }, { "date": "2023-09-15", "close": 81.300003, "volume": 12969715, "typical_volume": 4911871.75, "trend": 94.728333, "fair_value": 135.422115, "relative_strength": -22.443934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.23452, "energy": 33.24583, "activity_lines": [ 85.700001, 86.586363, 88.409761, 90.943333 ] }, { "date": "2023-09-22", "close": 80.349998, "volume": 10032992, "typical_volume": 5262902.0, "trend": 93.956667, "fair_value": 134.917948, "relative_strength": -22.330577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.890972, "energy": 37.079502, "activity_lines": [ 83.793333, 85.21909, 87.478095, 90.015699 ] }, { "date": "2023-09-29", "close": 73.400002, "volume": 6477413, "typical_volume": 5444202.8, "trend": 92.88, "fair_value": 134.417948, "relative_strength": -27.646349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.886797, "energy": 64.91166, "activity_lines": [ 79.870001, 82.750909, 85.983333, 88.689462 ] }, { "date": "2023-10-06", "close": 70.400002, "volume": 5711978, "typical_volume": 5287661.8, "trend": 91.766667, "fair_value": 133.870513, "relative_strength": -28.923154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.044163, "energy": 77.878202, "activity_lines": [ 75.826668, 80.131819, 84.291428, 87.23914 ] }, { "date": "2023-10-13", "close": 68.0, "volume": 5224931, "typical_volume": 5257807.4, "trend": 90.513333, "fair_value": 133.276923, "relative_strength": -31.640295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.358546, "energy": 82.408615, "activity_lines": [ 72.253334, 77.495455, 82.485238, 85.705806 ] }, { "date": "2023-10-20", "close": 64.400002, "volume": 7130210, "typical_volume": 5343497.6, "trend": 89.16, "fair_value": 132.632051, "relative_strength": -32.928777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.863302, "energy": 87.840027, "activity_lines": [ 68.823335, 74.556364, 80.445952, 84.021075 ] }, { "date": "2023-10-27", "close": 59.299999, "volume": 9344107, "typical_volume": 5410214.9, "trend": 87.656667, "fair_value": 131.978846, "relative_strength": -36.54252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.678683, "energy": 90.973828, "activity_lines": [ 64.820001, 71.03091, 78.046667, 82.094624 ] }, { "date": "2023-11-03", "close": 64.550003, "volume": 10775570, "typical_volume": 5365163.3, "trend": 86.378333, "fair_value": 131.283654, "relative_strength": -31.452664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.767893, "energy": 81.935329, "activity_lines": [ 63.970001, 68.924547, 76.28, 80.603871 ] }, { "date": "2023-11-10", "close": 63.25, "volume": 16684597, "typical_volume": 6043742.55, "trend": 85.043333, "fair_value": 130.525, "relative_strength": -31.433334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.662999, "energy": 77.312531, "activity_lines": [ 63.276668, 66.982728, 74.554524, 79.111721 ] }, { "date": "2023-11-17", "close": 74.849998, "volume": 8043546, "typical_volume": 6242093.6, "trend": 84.181667, "fair_value": 130.004807, "relative_strength": -19.643462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.259377, "energy": 49.334674, "activity_lines": [ 66.926667, 67.626364, 74.052619, 78.454086 ] }, { "date": "2023-11-24", "close": 75.849998, "volume": 3433529, "typical_volume": 6221303.85, "trend": 83.233333, "fair_value": 129.528205, "relative_strength": -17.607689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.385969, "energy": 29.032588, "activity_lines": [ 70.453332, 68.693636, 73.732857, 77.916559 ] }, { "date": "2023-12-01", "close": 73.050003, "volume": 9840625, "typical_volume": 6594391.5, "trend": 82.298333, "fair_value": 129.025961, "relative_strength": -20.344809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.630382, "energy": 22.600417, "activity_lines": [ 72.283334, 69.35091, 73.199286, 77.25957 ] }, { "date": "2023-12-08", "close": 75.800003, "volume": 3756236, "typical_volume": 6492508.95, "trend": 81.758333, "fair_value": 128.620833, "relative_strength": -16.97589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.079535, "energy": 24.44966, "activity_lines": [ 74.113334, 70.64091, 73.005001, 76.840323 ] }, { "date": "2023-12-15", "close": 72.849998, "volume": 13830051, "typical_volume": 7054519.5, "trend": 81.04, "fair_value": 128.132692, "relative_strength": -19.867289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.680737, "energy": 20.636699, "activity_lines": [ 74.21, 71.350909, 72.621667, 76.265592 ] }, { "date": "2023-12-22", "close": 82.900002, "volume": 9143286, "typical_volume": 7301232.25, "trend": 80.768333, "fair_value": 127.696154, "relative_strength": -9.840807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.548517, "energy": 11.271287, "activity_lines": [ 77.016668, 73.843637, 73.293572, 76.385592 ] }, { "date": "2023-12-29", "close": 89.0, "volume": 2425021, "typical_volume": 7224314.45, "trend": 80.708333, "fair_value": 127.285897, "relative_strength": -3.228257, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.992679, "energy": 30.148671, "activity_lines": [ 81.320001, 77.174546, 74.56762, 76.916667 ] }, { "date": "2024-01-05", "close": 86.050003, "volume": 2695697, "typical_volume": 7205027.95, "trend": 80.671667, "fair_value": 126.860577, "relative_strength": -5.347972, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.538806, "energy": 39.657424, "activity_lines": [ 83.763335, 79.521819, 75.532858, 77.261291 ] }, { "date": "2024-01-12", "close": 91.0, "volume": 8526882, "typical_volume": 7488345.15, "trend": 80.398333, "fair_value": 126.50032, "relative_strength": 1.47192, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.445051, "energy": 55.810074, "activity_lines": [ 86.990001, 82.282728, 76.96381, 77.927635 ] }, { "date": "2024-01-19", "close": 82.050003, "volume": 5993012, "typical_volume": 7677153.65, "trend": 80.193334, "fair_value": 126.042949, "relative_strength": -5.952251, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.790342, "energy": 47.123175, "activity_lines": [ 86.220002, 82.935456, 77.52143, 78.034194 ] }, { "date": "2024-01-26", "close": 84.5, "volume": 7435434, "typical_volume": 7973741.6, "trend": 79.906667, "fair_value": 125.561538, "relative_strength": -4.653272, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.516195, "energy": 30.876868, "activity_lines": [ 85.653335, 83.691819, 78.34762, 78.312044 ] }, { "date": "2024-02-02", "close": 73.699997, "volume": 12923148, "typical_volume": 7971413.25, "trend": 79.465, "fair_value": 124.93141, "relative_strength": -16.037068, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 0.488095, "energy": 7.007573, "activity_lines": [ 81.38, 82.309091, 78.16262, 77.911613 ] }, { "date": "2024-02-09", "close": 77.75, "volume": 6293670, "typical_volume": 7784447.15, "trend": 79.08, "fair_value": 124.340064, "relative_strength": -10.392719, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.810628, "energy": 9.201737, "activity_lines": [ 79.476666, 81.701818, 78.399524, 77.800968 ] }, { "date": "2024-02-16", "close": 76.699997, "volume": 2900655, "typical_volume": 7605609.25, "trend": 78.466667, "fair_value": 123.759936, "relative_strength": -12.695943, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.635289, "energy": 13.329549, "activity_lines": [ 77.776665, 80.818181, 78.54881, 77.64742 ] }, { "date": "2024-02-23", "close": 76.800003, "volume": 4262360, "typical_volume": 7533128.35, "trend": 77.911667, "fair_value": 123.216346, "relative_strength": -12.050099, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.299543, "energy": 17.009011, "activity_lines": [ 77.063333, 79.936364, 78.691905, 77.539893 ] }, { "date": "2024-03-01", "close": 76.699997, "volume": 6877008, "typical_volume": 7615732.2, "trend": 77.556667, "fair_value": 122.668269, "relative_strength": -11.393759, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.3532, "energy": 12.663775, "activity_lines": [ 76.666666, 78.964545, 78.795, 77.461721 ] }, { "date": "2024-03-08", "close": 78.849998, "volume": 2957055, "typical_volume": 7407074.45, "trend": 77.413333, "fair_value": 122.16859, "relative_strength": -8.152575, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.864193, "energy": 9.580201, "activity_lines": [ 77.506665, 78.496363, 79.061428, 77.545161 ] }, { "date": "2024-03-15", "close": 79.900002, "volume": 7386387, "typical_volume": 7309188.45, "trend": 77.248334, "fair_value": 121.7, "relative_strength": -7.098324, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.141191, "energy": 8.255448, "activity_lines": [ 78.353333, 78.403636, 79.359048, 77.705592 ] }, { "date": "2024-03-22", "close": 88.0, "volume": 3407438, "typical_volume": 6940781.85, "trend": 77.295, "fair_value": 121.244872, "relative_strength": 0.228185, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.952553, "energy": 31.226808, "activity_lines": [ 81.756667, 79.895454, 80.33, 78.399247 ] }, { "date": "2024-03-29", "close": 94.900002, "volume": 2816526, "typical_volume": 6247378.3, "trend": 77.476667, "fair_value": 120.769872, "relative_strength": 8.120088, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.424481, "energy": 65.259027, "activity_lines": [ 86.706667, 82.696364, 81.846429, 79.535054 ] }, { "date": "2024-04-05", "close": 93.5, "volume": 3291831, "typical_volume": 6009792.55, "trend": 77.655, "fair_value": 120.253846, "relative_strength": 7.358077, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.646503, "energy": 71.759836, "activity_lines": [ 89.983334, 85.009091, 83.07881, 80.568817 ] }, { "date": "2024-04-12", "close": 95.300003, "volume": 3060163, "typical_volume": 5991124.25, "trend": 78.121667, "fair_value": 119.763461, "relative_strength": 8.497916, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.05178, "energy": 76.886141, "activity_lines": [ 92.740002, 87.485455, 84.39381, 81.707205 ] }, { "date": "2024-04-19", "close": 96.5, "volume": 3328941, "typical_volume": 5665540.05, "trend": 78.66, "fair_value": 119.264102, "relative_strength": 11.349301, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.46322, "energy": 79.21502, "activity_lines": [ 94.800001, 89.787273, 85.730477, 82.892904 ] }, { "date": "2024-04-26", "close": 94.300003, "volume": 3282015, "typical_volume": 5641829.0, "trend": 79.356667, "fair_value": 118.771154, "relative_strength": 5.85953, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.852304, "energy": 70.382898, "activity_lines": [ 95.020002, 91.348183, 86.745953, 83.901936 ] }, { "date": "2024-05-03", "close": 106.0, "volume": 3194857, "typical_volume": 5110069.3, "trend": 80.543334, "fair_value": 118.348077, "relative_strength": 17.945061, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.056801, "energy": 80.578135, "activity_lines": [ 98.720001, 94.716365, 88.78762, 85.620861 ] }, { "date": "2024-05-10", "close": 110.0, "volume": 3324359, "typical_volume": 4819122.95, "trend": 81.943334, "fair_value": 117.999359, "relative_strength": 18.952263, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.069077, "energy": 86.925691, "activity_lines": [ 103.013334, 98.28091, 91.052381, 87.521291 ] }, { "date": "2024-05-17", "close": 124.800003, "volume": 8151435, "typical_volume": 5105443.65, "trend": 83.956667, "fair_value": 117.750641, "relative_strength": 34.54742, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.753586, "energy": 94.434423, "activity_lines": [ 111.140001, 103.93091, 94.59762, 90.286237 ] }, { "date": "2024-05-24", "close": 118.0, "volume": 3698592, "typical_volume": 5155588.4, "trend": 85.913334, "fair_value": 117.436538, "relative_strength": 28.283366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.81802, "energy": 88.87081, "activity_lines": [ 115.033334, 107.509092, 97.324763, 92.482581 ] }, { "date": "2024-05-31", "close": 124.800003, "volume": 7130989, "typical_volume": 5085793.75, "trend": 87.921667, "fair_value": 117.094231, "relative_strength": 35.626113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.101558, "energy": 89.929239, "activity_lines": [ 119.760002, 111.630911, 100.547382, 94.991399 ] }, { "date": "2024-06-07", "close": 127.400002, "volume": 4039562, "typical_volume": 4988121.25, "trend": 90.060001, "fair_value": 116.795513, "relative_strength": 38.018047, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.500468, "energy": 87.485005, "activity_lines": [ 123.320002, 115.556365, 103.856668, 97.538388 ] }, { "date": "2024-06-14", "close": 124.199997, "volume": 3110356, "typical_volume": 4771867.35, "trend": 91.705001, "fair_value": 116.503205, "relative_strength": 35.650263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.371794, "energy": 74.046045, "activity_lines": [ 124.386667, 118.309092, 106.645239, 99.740968 ] }, { "date": "2024-06-21", "close": 117.800003, "volume": 35519526, "typical_volume": 5901686.25, "trend": 93.103334, "fair_value": 116.191667, "relative_strength": 26.704376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.712547, "energy": 61.289696, "activity_lines": [ 122.373334, 119.340001, 108.635239, 101.424517 ] }, { "date": "2024-06-28", "close": 116.400002, "volume": 11311445, "typical_volume": 6152575.0, "trend": 94.548334, "fair_value": 115.872436, "relative_strength": 25.920397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.95359, "energy": 52.765217, "activity_lines": [ 120.360001, 119.707274, 110.281906, 102.927528 ] }, { "date": "2024-07-05", "close": 124.0, "volume": 8290232, "typical_volume": 6422053.85, "trend": 96.155001, "fair_value": 115.621154, "relative_strength": 32.784641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.033572, "energy": 45.3008, "activity_lines": [ 120.986668, 121.094546, 112.468334, 104.827635 ] }, { "date": "2024-07-12", "close": 129.0, "volume": 4190298, "typical_volume": 6418450.75, "trend": 98.026667, "fair_value": 115.416026, "relative_strength": 36.484105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.446375, "energy": 50.248122, "activity_lines": [ 123.333334, 122.85091, 114.905715, 106.946667 ] }, { "date": "2024-07-19", "close": 129.399994, "volume": 5658962, "typical_volume": 6357548.45, "trend": 99.576667, "fair_value": 115.221154, "relative_strength": 37.739399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.094108, "energy": 52.917812, "activity_lines": [ 125.706665, 124.261818, 117.132619, 108.970753 ] }, { "date": "2024-07-26", "close": 126.400002, "volume": 4378961, "typical_volume": 6428643.75, "trend": 100.823334, "fair_value": 114.982692, "relative_strength": 31.751054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.645207, "energy": 49.545883, "activity_lines": [ 126.733333, 124.774545, 118.822858, 110.701291 ] }, { "date": "2024-08-02", "close": 121.800003, "volume": 4417155, "typical_volume": 6280182.15, "trend": 102.015, "fair_value": 114.704487, "relative_strength": 27.967744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.612021, "energy": 44.756079, "activity_lines": [ 125.653334, 124.421819, 119.848572, 112.054624 ] }, { "date": "2024-08-09", "close": 119.599998, "volume": 7264948, "typical_volume": 6473057.65, "trend": 102.968334, "fair_value": 114.398077, "relative_strength": 25.016315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.941672, "energy": 29.757602, "activity_lines": [ 123.48, 123.6, 120.465238, 113.18914 ] }, { "date": "2024-08-16", "close": 120.800003, "volume": 2770012, "typical_volume": 6470731.95, "trend": 104.26, "fair_value": 114.135256, "relative_strength": 23.515432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.846607, "energy": 22.619313, "activity_lines": [ 122.000001, 123.09091, 121.045715, 114.339571 ] }, { "date": "2024-08-23", "close": 123.0, "volume": 8012574, "typical_volume": 6706769.1, "trend": 105.543334, "fair_value": 113.81859, "relative_strength": 24.911093, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.565434, "energy": 18.883795, "activity_lines": [ 121.800001, 123.101819, 121.712381, 115.548603 ] }, { "date": "2024-08-30", "close": 113.400002, "volume": 6787744, "typical_volume": 6893148.15, "trend": 106.866667, "fair_value": 113.392949, "relative_strength": 14.202339, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.837745, "energy": 14.450356, "activity_lines": [ 118.826668, 121.389092, 121.324286, 116.055485 ] }, { "date": "2024-09-06", "close": 109.599998, "volume": 3873103, "typical_volume": 6920356.25, "trend": 107.928334, "fair_value": 112.909615, "relative_strength": 12.713394, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.883652, "energy": 10.20894, "activity_lines": [ 115.453333, 119.065455, 120.488096, 116.231828 ] }, { "date": "2024-09-13", "close": 111.800003, "volume": 2431624, "typical_volume": 6877836.7, "trend": 109.098334, "fair_value": 112.427564, "relative_strength": 13.158928, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.847729, "energy": 13.980396, "activity_lines": [ 113.626668, 117.265455, 119.799048, 116.481614 ] }, { "date": "2024-09-20", "close": 112.0, "volume": 16482133, "typical_volume": 7542200.5, "trend": 110.271667, "fair_value": 111.959615, "relative_strength": 13.379566, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.161098, "energy": 17.772066, "activity_lines": [ 112.386667, 115.723637, 119.045715, 116.668818 ] }, { "date": "2024-09-27", "close": 115.199997, "volume": 9944064, "typical_volume": 7873185.75, "trend": 111.555001, "fair_value": 111.519872, "relative_strength": 14.575898, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.797184, "energy": 18.459124, "activity_lines": [ 112.799999, 115.072727, 118.568572, 116.986775 ] }, { "date": "2024-10-04", "close": 111.800003, "volume": 3483634, "typical_volume": 7639795.7, "trend": 112.653334, "fair_value": 111.195513, "relative_strength": 11.008389, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.827778, "energy": 21.899318, "activity_lines": [ 112.6, 114.061819, 117.742858, 117.002581 ] }, { "date": "2024-10-11", "close": 108.199997, "volume": 5265697, "typical_volume": 7718150.95, "trend": 113.596667, "fair_value": 110.863462, "relative_strength": 7.079443, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.133157, "energy": 23.9827, "activity_lines": [ 111.306666, 112.661818, 116.636191, 116.715269 ] }, { "date": "2024-10-18", "close": 112.0, "volume": 3270422, "typical_volume": 7525122.6, "trend": 114.396667, "fair_value": 110.508333, "relative_strength": 8.650903, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.975861, "energy": 18.236824, "activity_lines": [ 111.373333, 112.2, 115.938095, 116.612258 ] }, { "date": "2024-10-25", "close": 112.800003, "volume": 2172899, "typical_volume": 7431789.45, "trend": 114.993334, "fair_value": 110.241667, "relative_strength": 9.929661, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.324832, "energy": 17.591396, "activity_lines": [ 111.693334, 112.021819, 115.377143, 116.509248 ] }, { "date": "2024-11-01", "close": 110.400002, "volume": 5752737, "typical_volume": 7563908.5, "trend": 115.556667, "fair_value": 109.994231, "relative_strength": 7.733558, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.217849, "energy": 18.569981, "activity_lines": [ 111.160001, 111.552728, 114.657143, 116.212904 ] }, { "date": "2024-11-08", "close": 109.0, "volume": 4173456, "typical_volume": 5996605.0, "trend": 116.013334, "fair_value": 109.660898, "relative_strength": 6.942552, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.134375, "energy": 31.790103, "activity_lines": [ 110.480001, 111.058182, 113.869524, 115.789893 ] }, { "date": "2024-11-15", "close": 106.199997, "volume": 4435751, "typical_volume": 5652820.3, "trend": 116.336667, "fair_value": 109.317308, "relative_strength": 3.803814, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.35393, "energy": 42.131799, "activity_lines": [ 109.053333, 110.134545, 112.857143, 115.156774 ] }, { "date": "2024-11-22", "close": 96.300003, "volume": 9681354, "typical_volume": 5722376.4, "trend": 116.403334, "fair_value": 108.883334, "relative_strength": -8.346285, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.791669, "energy": 65.058073, "activity_lines": [ 104.460001, 107.472728, 110.950477, 113.864086 ] }, { "date": "2024-11-29", "close": 98.400002, "volume": 11168012, "typical_volume": 6071262.1, "trend": 116.150001, "fair_value": 108.510257, "relative_strength": -6.937997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.060278, "energy": 70.306232, "activity_lines": [ 101.613334, 105.474546, 109.375715, 112.702581 ] }, { "date": "2024-12-06", "close": 95.5, "volume": 4804425, "typical_volume": 6028535.25, "trend": 115.666667, "fair_value": 108.109616, "relative_strength": -10.110081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.926258, "energy": 76.871872, "activity_lines": [ 98.760001, 103.196364, 107.670477, 111.370323 ] }, { "date": "2024-12-13", "close": 94.699997, "volume": 7186760, "typical_volume": 6168925.2, "trend": 114.663334, "fair_value": 107.691026, "relative_strength": -11.014026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.315003, "energy": 77.77996, "activity_lines": [ 96.633333, 101.130909, 106.050476, 110.017635 ] }, { "date": "2024-12-20", "close": 92.099998, "volume": 10450317, "typical_volume": 6470583.3, "trend": 113.8, "fair_value": 107.213462, "relative_strength": -11.231011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.275862, "energy": 75.058504, "activity_lines": [ 94.593332, 98.903636, 104.33381, 108.561936 ] }, { "date": "2024-12-27", "close": 91.300003, "volume": 2056586, "typical_volume": 6210165.2, "trend": 112.683334, "fair_value": 106.696154, "relative_strength": -12.666012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.391218, "energy": 72.847099, "activity_lines": [ 93.226667, 96.823637, 102.682381, 107.110323 ] }, { "date": "2025-01-03", "close": 93.0, "volume": 3681463, "typical_volume": 6255737.75, "trend": 111.536667, "fair_value": 106.253846, "relative_strength": -11.858078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.089804, "energy": 60.771543, "activity_lines": [ 92.76, 95.429091, 101.327619, 105.84043 ] }, { "date": "2025-01-10", "close": 89.5, "volume": 8512522, "typical_volume": 6280735.15, "trend": 110.38, "fair_value": 105.854487, "relative_strength": -15.289541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.522691, "energy": 57.228889, "activity_lines": [ 91.486667, 93.758182, 99.771905, 104.41871 ] }, { "date": "2025-01-17", "close": 90.599998, "volume": 5001819, "typical_volume": 6191438.9, "trend": 109.473334, "fair_value": 105.455769, "relative_strength": -16.793608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.381825, "energy": 52.651279, "activity_lines": [ 90.98, 92.667272, 98.480476, 103.142581 ] }, { "date": "2025-01-24", "close": 90.199997, "volume": 5121750, "typical_volume": 6253871.25, "trend": 108.6, "fair_value": 105.091667, "relative_strength": -17.07657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.322689, "energy": 52.10896, "activity_lines": [ 90.613332, 91.838181, 97.259523, 101.89914 ] }, { "date": "2025-01-31", "close": 95.0, "volume": 21617862, "typical_volume": 7213183.15, "trend": 107.633333, "fair_value": 104.714744, "relative_strength": -14.555294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.364407, "energy": 45.034604, "activity_lines": [ 91.973332, 92.172726, 96.588095, 101.02172 ] }, { "date": "2025-02-07", "close": 93.599998, "volume": 11662351, "typical_volume": 6972194.05, "trend": 106.453333, "fair_value": 104.339103, "relative_strength": -16.132639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.231765, "energy": 35.252255, "activity_lines": [ 92.619998, 92.276363, 95.863333, 100.116344 ] }, { "date": "2025-02-14", "close": 93.900002, "volume": 7976903, "typical_volume": 6873836.0, "trend": 105.27, "fair_value": 103.985897, "relative_strength": -16.273442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.242056, "energy": 29.534583, "activity_lines": [ 93.326666, 92.521818, 95.254762, 99.306451 ] }, { "date": "2025-02-21", "close": 95.599998, "volume": 3905380, "typical_volume": 6894923.3, "trend": 104.243333, "fair_value": 103.711539, "relative_strength": -14.176084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.119341, "energy": 22.210616, "activity_lines": [ 94.306666, 93.105454, 94.909523, 98.68258 ] }, { "date": "2025-02-28", "close": 97.699997, "volume": 7320869, "typical_volume": 6997681.9, "trend": 103.44, "fair_value": 103.476282, "relative_strength": -13.929567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.626241, "energy": 18.98276, "activity_lines": [ 95.653332, 94.054544, 94.841428, 98.26043 ] }, { "date": "2025-03-07", "close": 96.900002, "volume": 5492613, "typical_volume": 7108791.45, "trend": 102.683333, "fair_value": 103.232051, "relative_strength": -13.470076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.762433, "energy": 14.543621, "activity_lines": [ 96.233333, 94.756363, 94.747142, 97.838494 ] }, { "date": "2025-03-14", "close": 102.199997, "volume": 16353199, "typical_volume": 7817806.45, "trend": 102.063333, "fair_value": 102.998718, "relative_strength": -8.438673, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.430426, "energy": 14.342083, "activity_lines": [ 98.453332, 96.319999, 95.229523, 97.807311 ] }, { "date": "2025-03-21", "close": 103.400002, "volume": 11007708, "typical_volume": 8080555.0, "trend": 101.41, "fair_value": 102.912821, "relative_strength": -7.637386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.959047, "energy": 21.959734, "activity_lines": [ 100.5, 97.934545, 95.876666, 97.893548 ] }, { "date": "2025-03-28", "close": 110.0, "volume": 20186783, "typical_volume": 8881221.35, "trend": 101.296666, "fair_value": 102.85, "relative_strength": -1.99138, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.896392, "energy": 53.746845, "activity_lines": [ 104.113333, 100.496363, 97.185714, 98.447742 ] }, { "date": "2025-04-04", "close": 100.800003, "volume": 15655505, "typical_volume": 9442209.05, "trend": 101.003333, "fair_value": 102.733974, "relative_strength": -3.554589, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.128406, "energy": 44.415465, "activity_lines": [ 103.700001, 101.032728, 97.613809, 98.415699 ] }, { "date": "2025-04-11", "close": 98.0, "volume": 10965657, "typical_volume": 9506424.2, "trend": 100.543333, "fair_value": 102.605769, "relative_strength": -5.218826, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.547477, "energy": 28.009139, "activity_lines": [ 102.146668, 100.867273, 97.800952, 98.221935 ] }, { "date": "2025-04-18", "close": 106.0, "volume": 3896061, "typical_volume": 9142826.65, "trend": 100.343333, "fair_value": 102.567949, "relative_strength": -1.426132, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.978365, "energy": 28.832643, "activity_lines": [ 103.186667, 102.101819, 98.741905, 98.573978 ] }, { "date": "2025-04-25", "close": 107.199997, "volume": 7960139, "typical_volume": 9300612.35, "trend": 100.076667, "fair_value": 102.536538, "relative_strength": -2.131036, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.468304, "energy": 25.061091, "activity_lines": [ 104.373333, 103.329091, 99.760952, 99.016344 ] }, { "date": "2025-05-02", "close": 111.800003, "volume": 12751525, "typical_volume": 9578850.6, "trend": 100.076667, "fair_value": 102.53718, "relative_strength": -0.096451, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.966132, "energy": 38.160079, "activity_lines": [ 106.84, 105.150909, 101.162381, 99.772688 ] }, { "date": "2025-05-09", "close": 113.0, "volume": 6354128, "typical_volume": 9374041.15, "trend": 100.236667, "fair_value": 102.548077, "relative_strength": 1.441979, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.485243, "energy": 69.394772, "activity_lines": [ 109.586667, 106.896364, 102.596667, 100.606451 ] }, { "date": "2025-05-16", "close": 112.800003, "volume": 6987109, "typical_volume": 9620567.3, "trend": 100.263333, "fair_value": 102.564744, "relative_strength": 0.019711, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.095943, "energy": 70.501751, "activity_lines": [ 111.453335, 108.327274, 103.912381, 101.416989 ] }, { "date": "2025-05-23", "close": 117.599998, "volume": 11851674, "typical_volume": 10029077.85, "trend": 100.423333, "fair_value": 102.56859, "relative_strength": 3.983763, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.027729, "energy": 76.612677, "activity_lines": [ 113.933334, 110.341819, 105.582857, 102.535484 ] }, { "date": "2025-05-30", "close": 119.800003, "volume": 7907418, "typical_volume": 9998822.65, "trend": 100.736667, "fair_value": 102.580128, "relative_strength": 5.494898, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.699879, "energy": 77.050259, "activity_lines": [ 116.373335, 112.476364, 107.345715, 103.785592 ] }, { "date": "2025-06-06", "close": 125.0, "volume": 3656367, "typical_volume": 9931550.05, "trend": 101.27, "fair_value": 102.558974, "relative_strength": 9.470803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.341647, "energy": 81.690214, "activity_lines": [ 119.706667, 115.258183, 109.459524, 105.350968 ] }, { "date": "2025-06-13", "close": 118.199997, "volume": 4110633, "typical_volume": 9880994.2, "trend": 101.67, "fair_value": 102.474359, "relative_strength": 3.658675, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.694656, "energy": 68.49747, "activity_lines": [ 119.893333, 116.530909, 110.761905, 106.443226 ] }, { "date": "2025-06-20", "close": 117.800003, "volume": 14224021, "typical_volume": 9511302.15, "trend": 102.386667, "fair_value": 102.423077, "relative_strength": 4.337777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.352664, "energy": 55.263664, "activity_lines": [ 119.6, 117.414546, 111.892858, 107.483871 ] }, { "date": "2025-06-27", "close": 121.400002, "volume": 14757847, "typical_volume": 9666076.95, "trend": 103.153333, "fair_value": 102.380769, "relative_strength": 7.304462, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.976604, "energy": 51.442866, "activity_lines": [ 120.173334, 118.592728, 113.258096, 108.710538 ] }, { "date": "2025-07-04", "close": 123.0, "volume": 14974299, "typical_volume": 10015946.75, "trend": 104.07, "fair_value": 102.348718, "relative_strength": 8.613625, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.601084, "energy": 48.266376, "activity_lines": [ 121.026667, 119.781819, 114.643334, 109.990968 ] }, { "date": "2025-07-11", "close": 119.0, "volume": 9998939, "typical_volume": 10320624.7, "trend": 104.88, "fair_value": 102.307692, "relative_strength": 4.054252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.023149, "energy": 42.213953, "activity_lines": [ 120.333334, 119.956364, 115.509048, 110.954194 ] }, { "date": "2025-07-18", "close": 120.0, "volume": 3708870, "typical_volume": 10140024.75, "trend": 105.81, "fair_value": 102.213462, "relative_strength": 4.730523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.322039, "energy": 41.083523, "activity_lines": [ 120.373334, 120.181819, 116.358572, 111.929678 ] }, { "date": "2025-07-25", "close": 119.0, "volume": 9322887, "typical_volume": 10331538.45, "trend": 106.733333, "fair_value": 102.051282, "relative_strength": 2.740153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.012938, "energy": 33.133974, "activity_lines": [ 119.96, 120.098182, 117.006667, 112.780645 ] }, { "date": "2025-08-01", "close": 116.0, "volume": 17087710, "typical_volume": 10368264.0, "trend": 107.5, "fair_value": 101.910898, "relative_strength": 1.043595, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.973539, "energy": 23.897984, "activity_lines": [ 118.466667, 119.356364, 117.26381, 113.378495 ] }, { "date": "2025-08-08", "close": 121.400002, "volume": 5721433, "typical_volume": 10103950.25, "trend": 108.563333, "fair_value": 101.789103, "relative_strength": 5.640154, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.941047, "energy": 26.615403, "activity_lines": [ 119.133334, 119.625455, 117.969524, 114.275269 ] }, { "date": "2025-08-15", "close": 123.0, "volume": 15142286, "typical_volume": 9851725.4, "trend": 109.643333, "fair_value": 101.699359, "relative_strength": 6.701134, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.613201, "energy": 32.635777, "activity_lines": [ 120.440001, 120.156364, 118.741905, 115.206667 ] }, { "date": "2025-08-22", "close": 135.800003, "volume": 15011512, "typical_volume": 9819525.75, "trend": 111.163334, "fair_value": 101.767949, "relative_strength": 15.533974, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 80.982517, "energy": 60.050718, "activity_lines": [ 125.746668, 123.05091, 120.671429, 116.894194 ] }, { "date": "2025-08-29", "close": 131.199997, "volume": 7828176, "typical_volume": 9662651.7, "trend": 112.37, "fair_value": 101.864103, "relative_strength": 13.121535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.596057, "energy": 72.944614, "activity_lines": [ 128.466667, 124.789091, 121.996191, 118.186882 ] }, { "date": "2025-09-05", "close": 133.199997, "volume": 7660483, "typical_volume": 9850872.8, "trend": 113.69, "fair_value": 101.959616, "relative_strength": 14.398933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.804722, "energy": 78.82896, "activity_lines": [ 131.039999, 126.647272, 123.353333, 119.530753 ] }, { "date": "2025-09-12", "close": 143.0, "volume": 11986818, "typical_volume": 10052206.75, "trend": 115.326667, "fair_value": 102.064103, "relative_strength": 21.4729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.623835, "energy": 90.156343, "activity_lines": [ 135.733332, 130.072727, 125.514286, 121.421721 ] }, { "date": "2025-09-19", "close": 139.0, "volume": 23815284, "typical_volume": 10605394.7, "trend": 116.773334, "fair_value": 102.179487, "relative_strength": 18.66327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.513641, "energy": 81.42208, "activity_lines": [ 137.653333, 132.407272, 127.12381, 122.949032 ] }, { "date": "2025-09-26", "close": 144.600006, "volume": 8350699, "typical_volume": 10705223.25, "trend": 118.336667, "fair_value": 102.382693, "relative_strength": 22.2188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.132921, "energy": 81.615292, "activity_lines": [ 140.373335, 135.396364, 129.137143, 124.744302 ] }, { "date": "2025-10-03", "close": 147.800003, "volume": 26965102, "typical_volume": 11704122.9, "trend": 120.033334, "fair_value": 102.633975, "relative_strength": 21.824858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.462307, "energy": 82.303371, "activity_lines": [ 143.573336, 138.520001, 131.304763, 126.645162 ] }, { "date": "2025-10-10", "close": 147.600006, "volume": 7168737, "typical_volume": 11469976.05, "trend": 121.546667, "fair_value": 102.897436, "relative_strength": 22.015773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.196003, "energy": 68.521986, "activity_lines": [ 145.600004, 141.083639, 133.286668, 128.423657 ] }, { "date": "2025-10-17", "close": 142.800003, "volume": 15488748, "typical_volume": 11849042.55, "trend": 122.860001, "fair_value": 103.150641, "relative_strength": 18.636057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.251608, "energy": 57.975714, "activity_lines": [ 145.066671, 142.200002, 134.668573, 129.79484 ] }, { "date": "2025-10-24", "close": 146.399994, "volume": 7787320, "typical_volume": 12055590.2, "trend": 124.073334, "fair_value": 103.357052, "relative_strength": 17.693081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.09908, "energy": 55.772075, "activity_lines": [ 145.746667, 143.581819, 136.28381, 131.313549 ] }, { "date": "2025-10-31", "close": 149.600006, "volume": 4921567, "typical_volume": 12096136.9, "trend": 125.700001, "fair_value": 103.610257, "relative_strength": 19.041962, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.942305, "energy": 54.326031, "activity_lines": [ 147.000002, 145.120002, 138.101906, 132.960431 ] }, { "date": "2025-11-07", "close": 167.199997, "volume": 22573202, "typical_volume": 12513595.95, "trend": 128.006667, "fair_value": 103.882052, "relative_strength": 32.780266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.063876, "energy": 61.734839, "activity_lines": [ 153.786667, 149.607274, 141.446668, 135.63785 ] }, { "date": "2025-11-14", "close": 155.0, "volume": 18623487, "typical_volume": 12706877.95, "trend": 129.640001, "fair_value": 104.108334, "relative_strength": 22.382377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.475108, "energy": 53.409463, "activity_lines": [ 155.213333, 151.221819, 143.394287, 137.379356 ] }, { "date": "2025-11-21", "close": 152.600006, "volume": 13559054, "typical_volume": 12636115.7, "trend": 131.153334, "fair_value": 104.304487, "relative_strength": 21.713826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.890559, "energy": 52.213311, "activity_lines": [ 155.346668, 152.003638, 144.953335, 138.860646 ] }, { "date": "2025-11-28", "close": 159.600006, "volume": 14535508, "typical_volume": 12862944.15, "trend": 132.746668, "fair_value": 104.570513, "relative_strength": 24.10392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.142148, "energy": 54.166641, "activity_lines": [ 157.160004, 153.883639, 147.038097, 140.695915 ] }, { "date": "2025-12-05", "close": 159.399994, "volume": 8532091, "typical_volume": 13104105.2, "trend": 134.293334, "fair_value": 104.875641, "relative_strength": 23.735965, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.613279, "energy": 47.616101, "activity_lines": [ 158.026667, 155.352728, 148.910477, 142.415485 ] }, { "date": "2025-12-12", "close": 159.0, "volume": 8060773, "typical_volume": 13040999.5, "trend": 135.833334, "fair_value": 105.232693, "relative_strength": 22.757702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.073167, "energy": 45.686936, "activity_lines": [ 158.106667, 156.480001, 150.557144, 144.009463 ] }, { "date": "2025-12-19", "close": 159.399994, "volume": 11509029, "typical_volume": 12762065.45, "trend": 137.226667, "fair_value": 105.603846, "relative_strength": 19.173171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.146969, "energy": 45.185022, "activity_lines": [ 158.866665, 157.476363, 152.051429, 145.529893 ] }, { "date": "2025-12-26", "close": 163.800003, "volume": 2415836, "typical_volume": 12596785.6, "trend": 138.693334, "fair_value": 105.973718, "relative_strength": 21.859056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.624801, "energy": 48.99181, "activity_lines": [ 160.799999, 159.058182, 153.758096, 147.244302 ] }, { "date": "2026-01-02", "close": 164.199997, "volume": 2859033, "typical_volume": 11982622.95, "trend": 140.000001, "fair_value": 106.294231, "relative_strength": 20.287668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.473179, "energy": 49.688775, "activity_lines": [ 162.119998, 160.330908, 155.300953, 148.889893 ] }, { "date": "2026-01-09", "close": 166.199997, "volume": 14344895, "typical_volume": 11949292.1, "trend": 141.600001, "fair_value": 106.599359, "relative_strength": 18.740032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.444927, "energy": 52.940544, "activity_lines": [ 163.799998, 161.643635, 156.838095, 150.580215 ] }, { "date": "2026-01-16", "close": 163.199997, "volume": 9147356, "typical_volume": 12015251.1, "trend": 143.113334, "fair_value": 106.917308, "relative_strength": 14.492746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.929963, "energy": 49.418464, "activity_lines": [ 164.026664, 162.109089, 157.944762, 151.973763 ] }, { "date": "2026-01-23", "close": 167.800003, "volume": 5970087, "typical_volume": 11930731.3, "trend": 144.66, "fair_value": 107.223718, "relative_strength": 17.820978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.96327, "energy": 47.890589, "activity_lines": [ 165.506666, 163.483635, 159.337143, 153.566452 ] }, { "date": "2026-01-30", "close": 173.0, "volume": 8771211, "typical_volume": 11769950.95, "trend": 146.326667, "fair_value": 107.628205, "relative_strength": 19.54304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.612736, "energy": 52.129865, "activity_lines": [ 168.16, 165.570908, 161.06, 155.394839 ] }, { "date": "2026-02-06", "close": 182.199997, "volume": 14925594, "typical_volume": 11325466.45, "trend": 148.433334, "fair_value": 108.098718, "relative_strength": 22.985803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.833114, "energy": 85.007115, "activity_lines": [ 173.266666, 168.959999, 163.51619, 157.709247 ] }, { "date": "2026-02-13", "close": 191.399994, "volume": 7084660, "typical_volume": 11262164.5, "trend": 150.813333, "fair_value": 108.639744, "relative_strength": 26.954969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.838392, "energy": 95.340314, "activity_lines": [ 180.239997, 173.610907, 166.642856, 160.48129 ] }, { "date": "2026-02-20", "close": 198.399994, "volume": 8313984, "typical_volume": 10329608.6, "trend": 153.46, "fair_value": 109.248077, "relative_strength": 27.359526, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.564142, "energy": 96.391801, "activity_lines": [ 187.866663, 178.952724, 170.213332, 163.551397 ] }, { "date": "2026-02-27", "close": 200.5, "volume": 10497128, "typical_volume": 10496028.15, "trend": 156.276667, "fair_value": 109.855769, "relative_strength": 24.86834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.234892, "energy": 95.222414, "activity_lines": [ 193.846663, 183.959998, 173.742855, 166.586236 ] }, { "date": "2026-03-06", "close": 191.399994, "volume": 7096016, "typical_volume": 10076391.55, "trend": 158.61, "fair_value": 110.417308, "relative_strength": 25.235459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.300531, "energy": 88.080415, "activity_lines": [ 194.613329, 186.565451, 176.153807, 168.852257 ] }, { "date": "2026-03-13", "close": 178.0, "volume": 16434866, "typical_volume": 10508768.85, "trend": 160.443333, "fair_value": 110.88141, "relative_strength": 15.909378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.299686, "energy": 63.038834, "activity_lines": [ 189.686664, 186.232725, 177.057141, 170.103225 ] }, { "date": "2026-03-20", "close": 179.0, "volume": 15165998, "typical_volume": 11020990.4, "trend": 161.883333, "fair_value": 111.355769, "relative_strength": 19.654107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.069982, "energy": 44.178936, "activity_lines": [ 185.373332, 185.830907, 177.905236, 171.300429 ] }, { "date": "2026-03-27", "close": 173.199997, "volume": 14038387, "typical_volume": 10594249.65, "trend": 163.283333, "fair_value": 111.796795, "relative_strength": 14.524377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.226636, "energy": 26.819639, "activity_lines": [ 179.953332, 184.141816, 178.06095, 172.030536 ] }, { "date": "2026-04-03", "close": 188.800003, "volume": 6607440, "typical_volume": 9993447.3, "trend": 165.136666, "fair_value": 112.347436, "relative_strength": 18.393683, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.543966, "energy": 28.953883, "activity_lines": [ 181.413333, 185.107271, 179.673808, 173.676773 ] }, { "date": "2026-04-10", "close": 197.899994, "volume": 15491338, "typical_volume": 10090061.5, "trend": 166.966666, "fair_value": 112.953846, "relative_strength": 21.207084, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.114815, "energy": 35.716707, "activity_lines": [ 186.686665, 187.345452, 181.992379, 175.790536 ] }, { "date": "2026-04-17", "close": 199.399994, "volume": 6696692, "typical_volume": 9698120.7, "trend": 168.979999, "fair_value": 113.586538, "relative_strength": 20.472631, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.953362, "energy": 48.342347, "activity_lines": [ 192.026663, 189.403634, 184.238093, 177.883009 ] }, { "date": "2026-04-24", "close": 195.5, "volume": 14048268, "typical_volume": 9973929.55, "trend": 170.676666, "fair_value": 114.171154, "relative_strength": 20.488985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.734101, "energy": 53.742911, "activity_lines": [ 194.639997, 190.439998, 185.922855, 179.593977 ] }, { "date": "2026-05-01", "close": 197.5, "volume": 14667467, "typical_volume": 10304264.25, "trend": 172.333332, "fair_value": 114.789103, "relative_strength": 20.999434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.008363, "energy": 62.966659, "activity_lines": [ 196.819998, 191.765453, 187.626188, 181.324514 ] }, { "date": "2026-05-08", "close": 234.800003, "volume": 16864385, "typical_volume": 10572032.05, "trend": 175.239999, "fair_value": 115.704487, "relative_strength": 43.978527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.606954, "energy": 85.512961, "activity_lines": [ 209.813333, 199.88909, 192.69857, 185.354622 ] }, { "date": "2026-05-15", "close": 236.600006, "volume": 14810230, "typical_volume": 11191751.75, "trend": 178.366666, "fair_value": 116.616026, "relative_strength": 43.845107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.30141, "energy": 91.379354, "activity_lines": [ 220.340002, 207.716364, 197.583332, 189.313332 ] }, { "date": "2026-05-22", "close": 245.199997, "volume": 11054270, "typical_volume": 11601513.6, "trend": 181.659999, "fair_value": 117.604167, "relative_strength": 43.514993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.350437, "energy": 94.638769, "activity_lines": [ 231.153335, 216.285454, 202.940475, 193.62516 ] }, { "date": "2026-05-29", "close": 234.600006, "volume": 7204644, "typical_volume": 11244501.05, "trend": 184.493332, "fair_value": 118.525962, "relative_strength": 36.633226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.966632, "energy": 87.754607, "activity_lines": [ 235.380003, 221.705456, 206.902381, 197.040644 ] }, { "date": "2026-06-05", "close": 222.6, "volume": 922462, "typical_volume": 10833256.35, "trend": 186.339999, "fair_value": 119.394231, "relative_strength": 29.057185, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.775573, "energy": 80.878969, "activity_lines": [ 233.000002, 223.932728, 209.395714, 199.499139 ] }, { "date": "2026-06-12", "close": 223.2, "volume": 1790433, "typical_volume": 10624273.65, "trend": 188.613333, "fair_value": 120.189103, "relative_strength": 26.956646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.126373, "energy": 59.464156, "activity_lines": [ 229.146668, 225.37091, 211.663333, 201.877204 ] }, { "date": "2026-06-19", "close": 217.0, "volume": 6296212, "typical_volume": 10500523.7, "trend": 190.759999, "fair_value": 121.014744, "relative_strength": 23.656809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.620265, "energy": 41.179397, "activity_lines": [ 224.000001, 225.056365, 213.076667, 203.708602 ] }, { "date": "2026-06-26", "close": 214.4, "volume": 1549157, "typical_volume": 9831701.85, "trend": 192.586665, "fair_value": 121.792308, "relative_strength": 19.595516, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.031842, "energy": 26.747921, "activity_lines": [ 219.293334, 223.921819, 214.032857, 205.233763 ] }, { "date": "2026-07-03", "close": 202.3719, "volume": 1855194, "typical_volume": 9570228.55, "trend": 194.019062, "fair_value": 122.532192, "relative_strength": 10.454739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.944309, "energy": 24.989441, "activity_lines": [ 212.630633, 220.327619, 213.690181, 205.865068 ] }, { "date": "2026-07-10", "close": 193.6988, "volume": 16556558, "typical_volume": 9982357.25, "trend": 195.175689, "fair_value": 123.201415, "relative_strength": 6.934465, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.850192, "energy": 21.078969, "activity_lines": [ 205.22544, 215.031548, 212.469248, 205.844406 ] }, { "date": "2026-07-17", "close": 194.0975, "volume": 7485667, "typical_volume": 9831784.2, "trend": 196.332273, "fair_value": 123.836014, "relative_strength": 5.528416, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.601096, "energy": 27.530028, "activity_lines": [ 199.879893, 209.87708, 211.308674, 205.774846 ] }, { "date": "2026-07-24", "close": 202.3719, "volume": 8797984, "typical_volume": 9916882.6, "trend": 197.618002, "fair_value": 124.534232, "relative_strength": 7.941317, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.396987, "energy": 24.088051, "activity_lines": [ 199.232647, 206.967095, 210.966625, 206.164499 ] }, { "date": "2026-07-31", "close": 195.1941, "volume": 20751578, "typical_volume": 10132718.2, "trend": 198.651139, "fair_value": 125.22554, "relative_strength": 2.267135, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.627273, "energy": 30.712983, "activity_lines": [ 197.168007, 203.374384, 209.888729, 206.008118 ] }, { "date": "2026-08-07", "close": 202.6, "volume": 46293145, "typical_volume": 11689075.55, "trend": 199.864473, "fair_value": 125.991245, "relative_strength": 5.222384, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.577807, "energy": 28.854981, "activity_lines": [ 198.852393, 202.037398, 209.434281, 206.262884 ] } ], "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." } } }