{ "ticker": { "uuid": "d8c35470-6349-4832-bc14-0dfd0bf5ec61", "symbol": "STSX", "name": "State Street SPDR MSCI Europe Consumer Staples UCITS ETF", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 65.549, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 62.236, "architecture_energy": 46.493, "architecture_maturity": 17.91, "architecture_confidence": 65.333, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 23.38, "rotation_up": 63.56, "upward_expansion": 81.56, "deceleration": 60.0, "rotation_down": 16.62, "downward_expansion": 5.89 }, "activity_lines": [ 242.103337, 240.754548, 236.13024, 234.656991 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 242.350006, "trend_reference": 233.718335, "distance_from_trend": 0.036932, "trend_direction": "Improving", "fair_value": 223.292308, "distance_from_fair_value": 0.085349, "fair_value_direction": "Improving", "relative_strength": -9.936522, "relative_strength_direction": "Improving", "price_momentum": 0.003935, "excess_performance": -0.166956, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.036932, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016071, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.085349, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.073638, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.099365, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.034671, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.003935, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.866499, "read": "Supply-led" } ], "volume": { "latest": 1283, "relative_activity": 0.959037, "balance": 0.866499, "dry_up": 0.843923, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.028439, "annualized_volatility": 0.178183, "from_high_reference": -0.03619, "from_low_reference": 0.125116 }, "levels": { "trend_reference": 233.718335, "fair_value_reference": 223.292308, "structural_low": 219.949997, "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": 19, "median_return": -0.015165, "positive_rate": 0.263158, "directional_follow_through": 0.263158, "median_excess_return": -0.01796, "regime_survival": 0.578947, "best_return": 0.056831, "worst_return": -0.052354, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.040622, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.083915, "regime_survival": 0.125, "best_return": 0.015685, "worst_return": -0.067523, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.018953, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.051794, "regime_survival": 0.285714, "best_return": 0.050633, "worst_return": -0.049314, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.01333, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.197194, "regime_survival": 0.25, "best_return": 0.037966, "worst_return": -0.051672, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.038198, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.029236, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-06-27", "tenure": "Developing", "return": -0.046952, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-04", "end": "2025-07-18", "tenure": "New", "return": -0.002456, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": 0.032584, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-09-26", "tenure": "Developing", "return": -0.047745, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": 0.014159, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-17", "end": "2025-11-14", "tenure": "Developing", "return": -0.026338, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2026-01-30", "tenure": "Developing", "return": 0.000437, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-20", "tenure": "Developing", "return": -0.07995, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-22", "tenure": "Developing", "return": 0.0434, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": 0.054184, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": -0.012125, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.013032, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 221.149994, "volume": 307, "typical_volume": 831.0, "trend": 226.501666, "fair_value": 215.32641, "relative_strength": -8.968494, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -36.004659, "energy": 25.932434, "activity_lines": [ 223.699998, 224.417272, 226.64357, 227.241397 ] }, { "date": "2023-08-25", "close": 222.649994, "volume": 127, "typical_volume": 819.3, "trend": 226.706666, "fair_value": 215.531474, "relative_strength": -9.297779, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -31.165468, "energy": 45.018034, "activity_lines": [ 222.969996, 224.003634, 226.022618, 226.992902 ] }, { "date": "2023-09-01", "close": 223.649994, "volume": 1323, "typical_volume": 881.9, "trend": 226.828333, "fair_value": 215.755513, "relative_strength": -9.837188, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.194954, "energy": 56.220879, "activity_lines": [ 222.813328, 223.849997, 225.54357, 226.795698 ] }, { "date": "2023-09-08", "close": 222.300003, "volume": 128, "typical_volume": 882.75, "trend": 227.021666, "fair_value": 215.941923, "relative_strength": -8.622541, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.369705, "energy": 56.638151, "activity_lines": [ 222.649997, 223.482725, 224.975237, 226.503547 ] }, { "date": "2023-09-15", "close": 223.25, "volume": 1959, "typical_volume": 964.05, "trend": 227.073333, "fair_value": 216.143269, "relative_strength": -9.834262, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.148815, "energy": 38.982708, "activity_lines": [ 222.856665, 223.367271, 224.571665, 226.260214 ] }, { "date": "2023-09-22", "close": 221.75, "volume": 786, "typical_volume": 957.5, "trend": 227.039999, "fair_value": 216.347564, "relative_strength": -8.959064, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.551748, "energy": 35.676268, "activity_lines": [ 222.573333, 222.947271, 224.094522, 225.916773 ] }, { "date": "2023-09-29", "close": 216.649994, "volume": 932, "typical_volume": 980.55, "trend": 226.858332, "fair_value": 216.501987, "relative_strength": -9.476963, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.922807, "energy": 53.19864, "activity_lines": [ 220.549998, 221.650907, 223.215236, 225.24645 ] }, { "date": "2023-10-06", "close": 212.300003, "volume": 238, "typical_volume": 939.25, "trend": 226.603333, "fair_value": 216.618654, "relative_strength": -9.423036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.863069, "energy": 79.822851, "activity_lines": [ 217.476666, 219.73818, 222.018808, 224.307203 ] }, { "date": "2023-10-13", "close": 214.300003, "volume": 4895, "typical_volume": 1118.45, "trend": 226.451666, "fair_value": 216.754295, "relative_strength": -9.455101, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.316553, "energy": 80.712705, "activity_lines": [ 215.826667, 218.516363, 221.125237, 223.51344 ] }, { "date": "2023-10-20", "close": 211.949997, "volume": 382, "typical_volume": 1115.3, "trend": 226.033332, "fair_value": 216.902179, "relative_strength": -7.167913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.431405, "energy": 85.313516, "activity_lines": [ 213.926666, 217.027272, 220.090237, 222.577848 ] }, { "date": "2023-10-27", "close": 209.149994, "volume": 1162, "typical_volume": 1109.4, "trend": 225.378332, "fair_value": 217.076474, "relative_strength": -7.793664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.43613, "energy": 91.217258, "activity_lines": [ 211.846664, 215.237271, 218.859522, 221.488601 ] }, { "date": "2023-11-03", "close": 215.399994, "volume": 229, "typical_volume": 1080.8, "trend": 224.809999, "fair_value": 217.243269, "relative_strength": -9.283204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.895295, "energy": 73.676768, "activity_lines": [ 212.689996, 214.801816, 218.291903, 220.844837 ] }, { "date": "2023-11-10", "close": 213.050003, "volume": 182, "typical_volume": 1084.4, "trend": 224.181666, "fair_value": 217.342564, "relative_strength": -9.460298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.303664, "energy": 55.682006, "activity_lines": [ 212.833331, 214.070908, 217.555475, 220.086128 ] }, { "date": "2023-11-17", "close": 213.050003, "volume": 992, "typical_volume": 1125.2, "trend": 223.353333, "fair_value": 217.460192, "relative_strength": -12.174737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.090766, "energy": 49.716071, "activity_lines": [ 212.926666, 213.532727, 216.877856, 219.367956 ] }, { "date": "2023-11-24", "close": 216.449997, "volume": 63, "typical_volume": 1069.45, "trend": 222.641666, "fair_value": 217.60782, "relative_strength": -10.217532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.784188, "energy": 31.721232, "activity_lines": [ 214.236666, 213.780908, 216.588808, 218.922579 ] }, { "date": "2023-12-01", "close": 217.149994, "volume": 3459, "typical_volume": 1143.05, "trend": 221.903332, "fair_value": 217.780577, "relative_strength": -11.015672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.641441, "energy": 24.985997, "activity_lines": [ 215.479998, 214.279998, 216.390474, 218.568278 ] }, { "date": "2023-12-08", "close": 217.699997, "volume": 4784, "typical_volume": 1357.8, "trend": 221.258332, "fair_value": 217.944294, "relative_strength": -11.780961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.087588, "energy": 20.278989, "activity_lines": [ 216.373331, 214.962725, 216.27976, 218.297095 ] }, { "date": "2023-12-15", "close": 216.649994, "volume": 3866, "typical_volume": 1411.05, "trend": 220.616665, "fair_value": 218.097948, "relative_strength": -11.707856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.956278, "energy": 21.58625, "activity_lines": [ 216.763329, 215.435451, 216.10976, 217.999783 ] }, { "date": "2023-12-22", "close": 216.399994, "volume": 1399, "typical_volume": 1424.15, "trend": 220.109998, "fair_value": 218.256794, "relative_strength": -11.337594, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.950235, "energy": 18.847916, "activity_lines": [ 216.829995, 215.783633, 215.98095, 217.72774 ] }, { "date": "2023-12-29", "close": 217.449997, "volume": 15, "typical_volume": 1361.4, "trend": 219.796664, "fair_value": 218.388525, "relative_strength": -10.475867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.428334, "energy": 14.18196, "activity_lines": [ 217.023329, 216.284542, 215.984045, 217.556127 ] }, { "date": "2024-01-05", "close": 218.449997, "volume": 360, "typical_volume": 1364.05, "trend": 219.631665, "fair_value": 218.539359, "relative_strength": -9.975686, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.953985, "energy": 9.917546, "activity_lines": [ 217.483329, 216.867269, 216.110711, 217.469245 ] }, { "date": "2024-01-12", "close": 219.050003, "volume": 284, "typical_volume": 1371.9, "trend": 219.368331, "fair_value": 218.703782, "relative_strength": -9.503563, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.005744, "energy": 11.561042, "activity_lines": [ 218.056665, 217.389997, 216.307379, 217.431718 ] }, { "date": "2024-01-19", "close": 214.350006, "volume": 257, "typical_volume": 1318.6, "trend": 218.999999, "fair_value": 218.845641, "relative_strength": -10.569569, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.916025, "energy": 17.074288, "activity_lines": [ 216.973335, 216.991817, 216.07357, 217.107955 ] }, { "date": "2024-01-26", "close": 219.25, "volume": 188, "typical_volume": 1321.6, "trend": 218.753332, "fair_value": 219.03673, "relative_strength": -8.595292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.590637, "energy": 7.914766, "activity_lines": [ 217.676668, 217.460908, 216.350713, 217.124085 ] }, { "date": "2024-02-02", "close": 220.350006, "volume": 1628, "typical_volume": 1305.05, "trend": 218.714999, "fair_value": 219.221923, "relative_strength": -8.930988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.066939, "energy": 22.382854, "activity_lines": [ 218.55667, 218.017273, 216.747142, 217.227096 ] }, { "date": "2024-02-09", "close": 218.699997, "volume": 2690, "typical_volume": 1400.25, "trend": 218.519999, "fair_value": 219.395256, "relative_strength": -10.682951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.700237, "energy": 14.627636, "activity_lines": [ 218.693335, 218.202728, 217.000237, 217.226128 ] }, { "date": "2024-02-16", "close": 220.399994, "volume": 889, "typical_volume": 1398.1, "trend": 218.324999, "fair_value": 219.592051, "relative_strength": -11.396379, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.988901, "energy": 44.441891, "activity_lines": [ 219.379999, 218.66909, 217.429761, 217.347418 ] }, { "date": "2024-02-23", "close": 220.5, "volume": 1514, "typical_volume": 1461.9, "trend": 217.998332, "fair_value": 219.813461, "relative_strength": -13.662768, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.038236, "energy": 47.552542, "activity_lines": [ 220.009999, 219.104545, 217.850951, 217.487741 ] }, { "date": "2024-03-01", "close": 213.649994, "volume": 720, "typical_volume": 1253.15, "trend": 217.683331, "fair_value": 219.973653, "relative_strength": -16.629878, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -11.544991, "energy": 7.692333, "activity_lines": [ 217.946663, 218.224544, 217.580713, 217.207203 ] }, { "date": "2024-03-08", "close": 214.449997, "volume": 4592, "typical_volume": 1463.65, "trend": 217.384998, "fair_value": 220.116153, "relative_strength": -17.158909, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.737545, "energy": 13.658934, "activity_lines": [ 216.52333, 217.539998, 217.38976, 216.9986 ] }, { "date": "2024-03-15", "close": 213.949997, "volume": 679, "typical_volume": 1439.5, "trend": 217.144998, "fair_value": 220.234551, "relative_strength": -18.194385, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.696469, "energy": 33.846008, "activity_lines": [ 215.326663, 216.819089, 217.139284, 216.776987 ] }, { "date": "2024-03-22", "close": 212.850006, "volume": 306, "typical_volume": 1443.35, "trend": 216.818332, "fair_value": 220.33423, "relative_strength": -19.07287, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.532592, "energy": 43.385319, "activity_lines": [ 214.08, 215.979999, 216.761189, 216.499891 ] }, { "date": "2024-03-29", "close": 215.649994, "volume": 277, "typical_volume": 1448.1, "trend": 216.551665, "fair_value": 220.441987, "relative_strength": -18.509358, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.201264, "energy": 40.163171, "activity_lines": [ 214.269998, 215.762725, 216.661903, 216.424515 ] }, { "date": "2024-04-05", "close": 208.199997, "volume": 536, "typical_volume": 1425.3, "trend": 216.081665, "fair_value": 220.468589, "relative_strength": -19.120842, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.136204, "energy": 68.908902, "activity_lines": [ 212.299998, 214.16727, 215.840713, 215.885697 ] }, { "date": "2024-04-12", "close": 208.100006, "volume": 629, "typical_volume": 1453.6, "trend": 215.576665, "fair_value": 220.490384, "relative_strength": -18.119592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.138067, "energy": 71.860561, "activity_lines": [ 210.660001, 212.754545, 215.033094, 215.370752 ] }, { "date": "2024-04-19", "close": 211.350006, "volume": 437, "typical_volume": 1302.5, "trend": 215.229999, "fair_value": 220.527564, "relative_strength": -16.729552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.240035, "energy": 59.652686, "activity_lines": [ 210.526669, 212.155455, 214.574762, 215.098064 ] }, { "date": "2024-04-26", "close": 214.75, "volume": 390, "typical_volume": 1082.8, "trend": 215.166666, "fair_value": 220.60032, "relative_strength": -15.655639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.270427, "energy": 51.171088, "activity_lines": [ 211.700002, 212.308183, 214.467857, 215.067096 ] }, { "date": "2024-05-03", "close": 215.550003, "volume": 204, "typical_volume": 899.7, "trend": 215.274999, "fair_value": 220.640384, "relative_strength": -13.252952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.937514, "energy": 23.400149, "activity_lines": [ 213.013336, 212.709092, 214.451191, 215.091828 ] }, { "date": "2024-05-10", "close": 222.850006, "volume": 398, "typical_volume": 849.65, "trend": 215.559999, "fair_value": 220.716025, "relative_strength": -12.465463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 32.674309, "energy": 29.693024, "activity_lines": [ 216.766671, 214.527275, 215.135001, 215.580538 ] }, { "date": "2024-05-17", "close": 224.800003, "volume": 1665, "typical_volume": 932.15, "trend": 215.988333, "fair_value": 220.786218, "relative_strength": -13.044681, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 52.114619, "energy": 48.39955, "activity_lines": [ 220.193337, 216.53273, 215.973811, 216.176667 ] }, { "date": "2024-05-24", "close": 220.199997, "volume": 2139, "typical_volume": 1021.1, "trend": 216.356666, "fair_value": 220.829807, "relative_strength": -12.052374, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.974331, "energy": 52.359701, "activity_lines": [ 220.973335, 217.513638, 216.339525, 216.448387 ] }, { "date": "2024-05-31", "close": 220.75, "volume": 889, "typical_volume": 1051.35, "trend": 216.535, "fair_value": 220.864102, "relative_strength": -11.370198, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.350738, "energy": 70.211149, "activity_lines": [ 221.346667, 218.480911, 216.749286, 216.731828 ] }, { "date": "2024-06-07", "close": 225.199997, "volume": 1822, "typical_volume": 1129.6, "trend": 216.939999, "fair_value": 220.912179, "relative_strength": -9.605986, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.218068, "energy": 77.677172, "activity_lines": [ 222.803333, 220.113637, 217.574762, 217.29086 ] }, { "date": "2024-06-14", "close": 222.350006, "volume": 425, "typical_volume": 1141.45, "trend": 217.25, "fair_value": 220.940705, "relative_strength": -4.958694, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.697389, "energy": 55.452074, "activity_lines": [ 222.666668, 221.054547, 218.077144, 217.639893 ] }, { "date": "2024-06-21", "close": 221.0, "volume": 676, "typical_volume": 1093.85, "trend": 217.401666, "fair_value": 220.956089, "relative_strength": -6.95016, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.060967, "energy": 43.5169, "activity_lines": [ 222.113334, 221.492728, 218.436191, 217.881828 ] }, { "date": "2024-06-28", "close": 214.699997, "volume": 534, "typical_volume": 986.05, "trend": 217.32, "fair_value": 220.937179, "relative_strength": -8.798205, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.061203, "energy": 18.588065, "activity_lines": [ 219.713333, 220.550909, 218.192144, 217.707527 ] }, { "date": "2024-07-05", "close": 215.949997, "volume": 546, "typical_volume": 968.9, "trend": 217.261666, "fair_value": 220.903525, "relative_strength": -10.123778, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.660109, "energy": 18.685327, "activity_lines": [ 218.096665, 219.775454, 218.086191, 217.61914 ] }, { "date": "2024-07-12", "close": 219.75, "volume": 411, "typical_volume": 913.75, "trend": 217.365, "fair_value": 220.898718, "relative_strength": -9.747351, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.237031, "energy": 23.44831, "activity_lines": [ 218.066666, 219.66909, 218.363334, 217.779678 ] }, { "date": "2024-07-19", "close": 219.5, "volume": 8848, "typical_volume": 1320.15, "trend": 217.468333, "fair_value": 220.918589, "relative_strength": -8.532151, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.253344, "energy": 22.271728, "activity_lines": [ 218.316666, 219.440909, 218.620238, 217.91742 ] }, { "date": "2024-07-26", "close": 220.0, "volume": 66, "typical_volume": 1093.85, "trend": 217.553334, "fair_value": 220.930128, "relative_strength": -6.896485, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.321036, "energy": 16.580927, "activity_lines": [ 218.923333, 219.364545, 218.896905, 218.080753 ] }, { "date": "2024-08-02", "close": 219.600006, "volume": 288, "typical_volume": 1074.3, "trend": 217.591667, "fair_value": 220.935577, "relative_strength": -1.605468, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.844553, "energy": 23.01197, "activity_lines": [ 219.463335, 219.302728, 219.109048, 218.212796 ] }, { "date": "2024-08-09", "close": 218.449997, "volume": 402, "typical_volume": 1079.1, "trend": 217.571667, "fair_value": 220.923397, "relative_strength": -1.110496, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.867511, "energy": 18.306783, "activity_lines": [ 219.293334, 219.042727, 219.184762, 218.268172 ] }, { "date": "2024-08-16", "close": 219.699997, "volume": 2171, "typical_volume": 1173.8, "trend": 217.75, "fair_value": 220.926282, "relative_strength": -3.984538, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.0173, "energy": 19.522785, "activity_lines": [ 219.373333, 219.051818, 219.352857, 218.405484 ] }, { "date": "2024-08-23", "close": 222.5, "volume": 2584, "typical_volume": 1276.2, "trend": 217.858333, "fair_value": 220.953205, "relative_strength": -4.17985, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 53.593103, "energy": 34.898806, "activity_lines": [ 220.389999, 219.67, 219.768333, 218.711936 ] }, { "date": "2024-08-30", "close": 227.149994, "volume": 1289, "typical_volume": 1309.2, "trend": 218.085, "fair_value": 221.008012, "relative_strength": -3.914151, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 79.496858, "energy": 66.640848, "activity_lines": [ 222.756664, 221.130908, 220.558571, 219.311398 ] }, { "date": "2024-09-06", "close": 225.300003, "volume": 2361, "typical_volume": 1405.4, "trend": 218.305, "fair_value": 221.070512, "relative_strength": -1.29393, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.755032, "energy": 71.883532, "activity_lines": [ 224.029999, 222.143636, 221.081904, 219.776882 ] }, { "date": "2024-09-13", "close": 226.850006, "volume": 173, "typical_volume": 1394.55, "trend": 218.52, "fair_value": 221.157692, "relative_strength": -1.166546, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.813104, "energy": 79.371197, "activity_lines": [ 225.440001, 223.245455, 221.686429, 220.328172 ] }, { "date": "2024-09-20", "close": 219.899994, "volume": 1437, "typical_volume": 1456.2, "trend": 218.5, "fair_value": 221.183012, "relative_strength": -4.409832, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.334866, "energy": 58.573377, "activity_lines": [ 223.973333, 222.885454, 221.571428, 220.417204 ] }, { "date": "2024-09-27", "close": 228.350006, "volume": 255, "typical_volume": 1449.05, "trend": 218.99, "fair_value": 221.294872, "relative_strength": -3.195705, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.276574, "energy": 56.779145, "activity_lines": [ 225.310002, 224.059091, 222.240476, 221.052689 ] }, { "date": "2024-10-04", "close": 223.399994, "volume": 3710, "typical_volume": 1551.3, "trend": 219.288334, "fair_value": 221.362179, "relative_strength": -1.826685, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.469036, "energy": 34.785878, "activity_lines": [ 224.606666, 224.171818, 222.411904, 221.337204 ] }, { "date": "2024-10-11", "close": 224.199997, "volume": 2172, "typical_volume": 1552.95, "trend": 219.63, "fair_value": 221.441987, "relative_strength": -3.235907, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.201098, "energy": 27.47228, "activity_lines": [ 224.419998, 224.368181, 222.66619, 221.654086 ] }, { "date": "2024-10-18", "close": 226.149994, "volume": 2011, "typical_volume": 1609.05, "trend": 220.073333, "fair_value": 221.491346, "relative_strength": -4.518657, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.235942, "energy": 38.606661, "activity_lines": [ 224.956663, 224.835453, 223.087142, 222.074731 ] }, { "date": "2024-10-25", "close": 222.850006, "volume": 539, "typical_volume": 1544.9, "trend": 220.313334, "fair_value": 221.501282, "relative_strength": -4.410597, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.311016, "energy": 21.556173, "activity_lines": [ 224.439999, 224.562727, 223.168095, 222.253871 ] }, { "date": "2024-11-01", "close": 217.600006, "volume": 251, "typical_volume": 1536.2, "trend": 220.626667, "fair_value": 221.446154, "relative_strength": -6.060146, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.064964, "energy": 9.298965, "activity_lines": [ 221.976668, 223.278182, 222.760238, 222.078817 ] }, { "date": "2024-11-08", "close": 213.350006, "volume": 863, "typical_volume": 1545.55, "trend": 220.801667, "fair_value": 221.345192, "relative_strength": -5.237371, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -37.73485, "energy": 36.139479, "activity_lines": [ 218.813337, 221.310002, 221.970239, 221.609355 ] }, { "date": "2024-11-15", "close": 211.600006, "volume": 1104, "typical_volume": 1574.05, "trend": 220.810001, "fair_value": 221.230769, "relative_strength": -6.766996, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.400939, "energy": 61.05486, "activity_lines": [ 215.736672, 219.274548, 221.050001, 221.0157 ] }, { "date": "2024-11-22", "close": 214.300003, "volume": 270, "typical_volume": 1560.25, "trend": 220.795001, "fair_value": 221.164102, "relative_strength": -3.344721, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.175311, "energy": 75.619304, "activity_lines": [ 214.400005, 217.979094, 220.401668, 220.5957 ] }, { "date": "2024-11-29", "close": 214.300003, "volume": 435, "typical_volume": 1561.45, "trend": 220.753334, "fair_value": 221.117308, "relative_strength": -2.8756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.330772, "energy": 77.542031, "activity_lines": [ 213.853338, 216.911821, 219.761192, 220.176668 ] }, { "date": "2024-12-06", "close": 214.800003, "volume": 389, "typical_volume": 1138.5, "trend": 220.485001, "fair_value": 221.022115, "relative_strength": -6.121299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.286106, "energy": 72.41276, "activity_lines": [ 214.043337, 216.037276, 219.194288, 219.792582 ] }, { "date": "2024-12-13", "close": 216.899994, "volume": 5003, "typical_volume": 1385.35, "trend": 220.221667, "fair_value": 220.923718, "relative_strength": -5.327921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.782865, "energy": 42.666382, "activity_lines": [ 215.12, 215.790911, 218.849763, 219.561291 ] }, { "date": "2024-12-20", "close": 212.25, "volume": 177, "typical_volume": 1379.8, "trend": 219.956667, "fair_value": 220.786859, "relative_strength": -4.039358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.459284, "energy": 47.374163, "activity_lines": [ 214.41, 214.817274, 218.077144, 219.04699 ] }, { "date": "2024-12-27", "close": 213.300003, "volume": 1115, "typical_volume": 1415.45, "trend": 219.708334, "fair_value": 220.641346, "relative_strength": -4.421476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.58198, "energy": 46.730913, "activity_lines": [ 214.006667, 214.25182, 217.439525, 218.617528 ] }, { "date": "2025-01-03", "close": 214.75, "volume": 40, "typical_volume": 1308.9, "trend": 219.360001, "fair_value": 220.528205, "relative_strength": -3.427475, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.80265, "energy": 43.273604, "activity_lines": [ 214.153334, 214.183638, 216.964525, 218.297635 ] }, { "date": "2025-01-10", "close": 209.149994, "volume": 1257, "typical_volume": 1242.55, "trend": 218.92, "fair_value": 220.391025, "relative_strength": -8.191444, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.936239, "energy": 75.348442, "activity_lines": [ 212.403332, 213.244545, 215.979763, 217.638925 ] }, { "date": "2025-01-17", "close": 211.149994, "volume": 367, "typical_volume": 1196.45, "trend": 218.591667, "fair_value": 220.282051, "relative_strength": -9.989123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.670932, "energy": 66.657826, "activity_lines": [ 211.696663, 212.822726, 215.249048, 217.137635 ] }, { "date": "2025-01-24", "close": 210.449997, "volume": 130, "typical_volume": 1084.9, "trend": 218.45, "fair_value": 220.190384, "relative_strength": -9.744786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.829873, "energy": 68.07073, "activity_lines": [ 211.139996, 212.313634, 214.527857, 216.612365 ] }, { "date": "2025-01-31", "close": 217.649994, "volume": 491, "typical_volume": 1100.8, "trend": 218.506667, "fair_value": 220.164102, "relative_strength": -7.015778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.784593, "energy": 39.196588, "activity_lines": [ 213.103329, 213.134542, 214.563094, 216.560752 ] }, { "date": "2025-02-07", "close": 218.300003, "volume": 130, "typical_volume": 1035.45, "trend": 218.458333, "fair_value": 220.121474, "relative_strength": -7.896455, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.669383, "energy": 16.577814, "activity_lines": [ 214.993331, 214.012725, 214.704047, 216.547419 ] }, { "date": "2025-02-14", "close": 220.0, "volume": 185, "typical_volume": 1031.95, "trend": 218.475, "fair_value": 220.089102, "relative_strength": -9.117623, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.155643, "energy": 25.114883, "activity_lines": [ 217.213332, 215.127271, 215.014523, 216.646881 ] }, { "date": "2025-02-21", "close": 220.600006, "volume": 816, "typical_volume": 887.25, "trend": 218.495, "fair_value": 220.072756, "relative_strength": -9.647561, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.960626, "energy": 42.660341, "activity_lines": [ 218.910002, 216.256363, 215.421905, 216.783979 ] }, { "date": "2025-02-28", "close": 226.449997, "volume": 1170, "typical_volume": 837.15, "trend": 218.723333, "fair_value": 220.158974, "relative_strength": -7.637197, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.105682, "energy": 72.694306, "activity_lines": [ 221.926667, 218.381817, 216.399762, 217.297204 ] }, { "date": "2025-03-07", "close": 226.699997, "volume": 1385, "typical_volume": 805.85, "trend": 218.998333, "fair_value": 220.273718, "relative_strength": -7.233176, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.470691, "energy": 73.969819, "activity_lines": [ 223.96, 220.294544, 217.390714, 217.811828 ] }, { "date": "2025-03-14", "close": 224.0, "volume": 1686, "typical_volume": 863.2, "trend": 219.141667, "fair_value": 220.303846, "relative_strength": -8.343385, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.750258, "energy": 64.312475, "activity_lines": [ 224.489999, 221.472726, 218.121904, 218.134516 ] }, { "date": "2025-03-21", "close": 226.25, "volume": 1332, "typical_volume": 917.25, "trend": 219.266667, "fair_value": 220.350961, "relative_strength": -8.214164, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.598915, "energy": 69.666079, "activity_lines": [ 225.389999, 222.891818, 219.061904, 218.593118 ] }, { "date": "2025-03-28", "close": 223.699997, "volume": 59, "typical_volume": 877.05, "trend": 219.151667, "fair_value": 220.360256, "relative_strength": -8.432646, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.07715, "energy": 44.325439, "activity_lines": [ 225.023332, 223.536363, 219.717856, 218.879139 ] }, { "date": "2025-04-04", "close": 222.199997, "volume": 2148, "typical_volume": 929.25, "trend": 219.048333, "fair_value": 220.32532, "relative_strength": 1.599314, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.986112, "energy": 40.575353, "activity_lines": [ 223.949998, 223.679999, 220.181665, 219.075806 ] }, { "date": "2025-04-11", "close": 217.800003, "volume": 1435, "typical_volume": 987.5, "trend": 218.746666, "fair_value": 220.267307, "relative_strength": 1.331644, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 32.034533, "energy": 20.154734, "activity_lines": [ 221.693333, 222.81, 220.175951, 218.995268 ] }, { "date": "2025-04-18", "close": 225.75, "volume": 14994, "typical_volume": 1715.45, "trend": 218.941667, "fair_value": 220.261859, "relative_strength": -0.681018, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.596326, "energy": 23.952797, "activity_lines": [ 222.68, 223.382727, 220.910713, 219.447096 ] }, { "date": "2025-04-25", "close": 225.850006, "volume": 3197, "typical_volume": 1855.85, "trend": 218.858333, "fair_value": 220.231731, "relative_strength": -4.21154, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.021046, "energy": 25.62685, "activity_lines": [ 223.583335, 223.838182, 221.600476, 219.892796 ] }, { "date": "2025-05-02", "close": 232.350006, "volume": 502, "typical_volume": 1630.8, "trend": 219.156667, "fair_value": 220.309936, "relative_strength": -3.872659, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.980621, "energy": 50.503295, "activity_lines": [ 226.680004, 225.369093, 222.856667, 220.763226 ] }, { "date": "2025-05-09", "close": 232.149994, "volume": 3270, "typical_volume": 1785.45, "trend": 219.421667, "fair_value": 220.353846, "relative_strength": -6.345031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.854668, "energy": 75.180706, "activity_lines": [ 229.133334, 226.650001, 224.020238, 221.601505 ] }, { "date": "2025-05-16", "close": 230.949997, "volume": 10385, "typical_volume": 2248.95, "trend": 219.581667, "fair_value": 220.458974, "relative_strength": -9.591268, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.026797, "energy": 71.957178, "activity_lines": [ 230.523333, 227.609091, 224.974762, 222.345269 ] }, { "date": "2025-05-23", "close": 234.100006, "volume": 4571, "typical_volume": 2475.5, "trend": 219.956667, "fair_value": 220.557051, "relative_strength": -5.485127, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.986305, "energy": 78.226334, "activity_lines": [ 232.086668, 229.063637, 226.145238, 223.281936 ] }, { "date": "2025-05-30", "close": 234.25, "volume": 508, "typical_volume": 2438.05, "trend": 220.511667, "fair_value": 220.660256, "relative_strength": -6.709316, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.532571, "energy": 73.997373, "activity_lines": [ 233.143334, 230.361819, 227.237858, 224.204086 ] }, { "date": "2025-06-06", "close": 233.75, "volume": 611, "typical_volume": 2450.25, "trend": 221.191667, "fair_value": 220.805128, "relative_strength": -7.879853, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.817697, "energy": 64.484408, "activity_lines": [ 233.473334, 231.423637, 228.163334, 225.058172 ] }, { "date": "2025-06-13", "close": 230.699997, "volume": 1927, "typical_volume": 2540.1, "trend": 221.828333, "fair_value": 220.947436, "relative_strength": -6.124228, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.964248, "energy": 51.980519, "activity_lines": [ 232.693333, 231.748182, 228.690714, 225.671613 ] }, { "date": "2025-06-20", "close": 226.699997, "volume": 558, "typical_volume": 2543.45, "trend": 222.241666, "fair_value": 221.007692, "relative_strength": -7.017088, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.640002, "energy": 34.11407, "activity_lines": [ 230.676665, 231.190909, 228.740714, 225.985914 ] }, { "date": "2025-06-27", "close": 221.25, "volume": 472, "typical_volume": 2560.55, "trend": 222.473333, "fair_value": 221.035897, "relative_strength": -10.16668, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.391556, "energy": 16.289791, "activity_lines": [ 227.126665, 229.480908, 228.228571, 225.921935 ] }, { "date": "2025-07-04", "close": 223.899994, "volume": 257, "typical_volume": 2564.15, "trend": 222.776666, "fair_value": 221.045513, "relative_strength": -8.616082, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.465759, "energy": 24.346811, "activity_lines": [ 225.316664, 228.334544, 227.954761, 226.013978 ] }, { "date": "2025-07-11", "close": 222.449997, "volume": 591, "typical_volume": 2552.9, "trend": 222.961666, "fair_value": 221.03173, "relative_strength": -10.015853, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.046766, "energy": 30.11926, "activity_lines": [ 223.71333, 226.959998, 227.524285, 225.992902 ] }, { "date": "2025-07-18", "close": 223.350006, "volume": 200, "typical_volume": 2504.4, "trend": 223.331666, "fair_value": 221.0125, "relative_strength": -9.930638, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.586663, "energy": 40.726573, "activity_lines": [ 223.163333, 225.92909, 227.170714, 226.017957 ] }, { "date": "2025-07-25", "close": 222.5, "volume": 295, "typical_volume": 2449.9, "trend": 223.638333, "fair_value": 220.95673, "relative_strength": -10.894926, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.169517, "energy": 51.370715, "activity_lines": [ 222.82, 224.903636, 226.750952, 225.964301 ] }, { "date": "2025-08-01", "close": 218.050003, "volume": 1182, "typical_volume": 2424.7, "trend": 223.748333, "fair_value": 220.888141, "relative_strength": -10.572729, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.645532, "energy": 66.74922, "activity_lines": [ 221.273335, 223.222727, 225.927381, 225.603763 ] }, { "date": "2025-08-08", "close": 222.0, "volume": 5345, "typical_volume": 2625.35, "trend": 224.176666, "fair_value": 220.840384, "relative_strength": -12.203802, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.68962, "energy": 48.789828, "activity_lines": [ 221.256668, 222.551818, 225.508333, 225.490968 ] }, { "date": "2025-08-15", "close": 223.050003, "volume": 396, "typical_volume": 2642.2, "trend": 224.573333, "fair_value": 220.77532, "relative_strength": -13.52995, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.35868, "energy": 45.512427, "activity_lines": [ 221.716669, 222.294546, 225.209524, 225.41828 ] }, { "date": "2025-08-22", "close": 229.75, "volume": 557, "typical_volume": 2562.65, "trend": 225.216667, "fair_value": 220.786538, "relative_strength": -11.915416, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 11.538009, "energy": 13.262832, "activity_lines": [ 224.370001, 223.450001, 225.551905, 225.752258 ] }, { "date": "2025-08-29", "close": 227.25, "volume": 606, "typical_volume": 2521.2, "trend": 225.536667, "fair_value": 220.822756, "relative_strength": -10.223167, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.055434, "energy": 19.999628, "activity_lines": [ 225.763334, 224.168183, 225.620238, 225.883441 ] }, { "date": "2025-09-05", "close": 228.600006, "volume": 335, "typical_volume": 1788.25, "trend": 225.88, "fair_value": 220.869231, "relative_strength": -8.03816, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.832832, "energy": 30.868399, "activity_lines": [ 227.290002, 225.12182, 225.772144, 226.081076 ] }, { "date": "2025-09-12", "close": 224.050003, "volume": 963, "typical_volume": 1676.55, "trend": 226.015, "fair_value": 220.858013, "relative_strength": -11.471236, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.370149, "energy": 21.856204, "activity_lines": [ 226.596669, 225.114548, 225.477144, 225.963011 ] }, { "date": "2025-09-19", "close": 219.800003, "volume": 778, "typical_volume": 1690.35, "trend": 225.988334, "fair_value": 220.900961, "relative_strength": -12.25498, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.57015, "energy": 22.096674, "activity_lines": [ 224.350003, 224.331821, 224.785954, 225.562044 ] }, { "date": "2025-09-26", "close": 216.399994, "volume": 314, "typical_volume": 1542.55, "trend": 225.653334, "fair_value": 220.931089, "relative_strength": -13.868842, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -78.804176, "energy": 71.568787, "activity_lines": [ 221.186667, 222.979092, 223.830715, 224.943441 ] }, { "date": "2025-10-03", "close": 218.949997, "volume": 830, "typical_volume": 1064.8, "trend": 225.395, "fair_value": 220.990064, "relative_strength": -13.639008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.94285, "energy": 75.480901, "activity_lines": [ 219.763332, 222.216364, 223.193334, 224.510968 ] }, { "date": "2025-10-10", "close": 222.050003, "volume": 1915, "typical_volume": 932.0, "trend": 225.33, "fair_value": 221.074359, "relative_strength": -9.523606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.033971, "energy": 70.666923, "activity_lines": [ 219.926666, 222.081819, 222.908334, 224.295162 ] }, { "date": "2025-10-17", "close": 233.5, "volume": 2097, "typical_volume": 1011.45, "trend": 225.571667, "fair_value": 221.240705, "relative_strength": -3.934038, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 3.296683, "energy": 6.949912, "activity_lines": [ 224.343333, 223.956364, 223.771191, 224.822258 ] }, { "date": "2025-10-24", "close": 230.75, "volume": 350, "typical_volume": 998.4, "trend": 225.806667, "fair_value": 221.364423, "relative_strength": -6.392164, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.272748, "energy": 28.518505, "activity_lines": [ 227.213333, 225.121818, 224.375715, 225.156344 ] }, { "date": "2025-10-31", "close": 224.800003, "volume": 580, "typical_volume": 931.05, "trend": 225.893334, "fair_value": 221.434295, "relative_strength": -9.940118, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 13.414193, "energy": 26.973783, "activity_lines": [ 227.370001, 225.065455, 224.427858, 225.091398 ] }, { "date": "2025-11-07", "close": 227.75, "volume": 1216, "typical_volume": 963.95, "trend": 226.225, "fair_value": 221.517949, "relative_strength": -7.904863, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.5285, "energy": 30.023095, "activity_lines": [ 227.950001, 225.635455, 224.789048, 225.211183 ] }, { "date": "2025-11-14", "close": 227.350006, "volume": 1290, "typical_volume": 1004.85, "trend": 226.278334, "fair_value": 221.572756, "relative_strength": -10.010515, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 13.853405, "energy": 31.93028, "activity_lines": [ 227.810003, 226.123638, 225.107144, 225.283764 ] }, { "date": "2025-11-21", "close": 228.75, "volume": 1018, "typical_volume": 1042.9, "trend": 226.375, "fair_value": 221.605449, "relative_strength": -6.302186, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.407459, "energy": 19.979388, "activity_lines": [ 227.783335, 226.889092, 225.529525, 225.443227 ] }, { "date": "2025-11-28", "close": 229.350006, "volume": 673, "typical_volume": 1047.0, "trend": 226.275, "fair_value": 221.625, "relative_strength": -7.211987, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.158171, "energy": 24.20508, "activity_lines": [ 228.273337, 227.678184, 225.985954, 225.635162 ] }, { "date": "2025-12-05", "close": 227.100006, "volume": 1134, "typical_volume": 1093.7, "trend": 226.106668, "fair_value": 221.66282, "relative_strength": -7.987383, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.983419, "energy": 18.870825, "activity_lines": [ 228.106671, 227.884549, 226.19524, 225.688389 ] }, { "date": "2025-12-12", "close": 225.649994, "volume": 565, "typical_volume": 1107.2, "trend": 225.930001, "fair_value": 221.727243, "relative_strength": -8.4255, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.82566, "energy": 9.452812, "activity_lines": [ 227.303335, 227.632729, 226.248573, 225.658926 ] }, { "date": "2025-12-19", "close": 229.0, "volume": 3289, "typical_volume": 1212.55, "trend": 225.760001, "fair_value": 221.805769, "relative_strength": -9.288713, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.424337, "energy": 21.205087, "activity_lines": [ 227.756667, 227.868183, 226.605954, 225.85699 ] }, { "date": "2025-12-26", "close": 225.949997, "volume": 34, "typical_volume": 947.0, "trend": 225.483334, "fair_value": 221.861218, "relative_strength": -9.831556, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.652354, "energy": 14.843475, "activity_lines": [ 227.083332, 227.422728, 226.620715, 225.869248 ] }, { "date": "2026-01-02", "close": 228.25, "volume": 669, "typical_volume": 960.65, "trend": 225.3, "fair_value": 221.903846, "relative_strength": -10.064869, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.054418, "energy": 15.15056, "activity_lines": [ 227.363332, 227.532728, 226.835715, 226.047743 ] }, { "date": "2026-01-09", "close": 222.949997, "volume": 890, "typical_volume": 977.3, "trend": 225.041667, "fair_value": 221.907372, "relative_strength": -12.489976, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.376005, "energy": 8.656247, "activity_lines": [ 225.949998, 226.724545, 226.521191, 225.89613 ] }, { "date": "2026-01-16", "close": 228.25, "volume": 8119, "typical_volume": 1352.95, "trend": 225.093334, "fair_value": 221.95, "relative_strength": -10.308642, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.178143, "energy": 15.738971, "activity_lines": [ 226.579999, 226.913636, 226.74381, 226.103119 ] }, { "date": "2026-01-23", "close": 224.850006, "volume": 5577, "typical_volume": 1615.05, "trend": 225.213334, "fair_value": 222.003525, "relative_strength": -9.486953, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.794254, "energy": 8.321088, "activity_lines": [ 225.903335, 226.475455, 226.637858, 226.08742 ] }, { "date": "2026-01-30", "close": 228.850006, "volume": 639, "typical_volume": 1598.85, "trend": 225.378335, "fair_value": 222.060256, "relative_strength": -8.985876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.887893, "energy": 15.165912, "activity_lines": [ 226.83667, 226.810001, 226.930716, 226.322044 ] }, { "date": "2026-02-06", "close": 241.399994, "volume": 4329, "typical_volume": 1776.4, "trend": 226.010001, "fair_value": 222.219872, "relative_strength": -4.51797, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.408039, "energy": 64.490226, "activity_lines": [ 231.760001, 229.424546, 228.395953, 227.3557 ] }, { "date": "2026-02-13", "close": 245.300003, "volume": 8160, "typical_volume": 2168.7, "trend": 226.741668, "fair_value": 222.371154, "relative_strength": -1.888184, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.464531, "energy": 81.158412, "activity_lines": [ 237.106668, 232.529092, 230.129763, 228.600216 ] }, { "date": "2026-02-20", "close": 248.850006, "volume": 2632, "typical_volume": 2258.8, "trend": 227.620001, "fair_value": 222.538461, "relative_strength": -2.568227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.856902, "energy": 91.216231, "activity_lines": [ 242.146669, 235.948184, 232.064049, 230.02656 ] }, { "date": "2026-02-27", "close": 251.100006, "volume": 1422, "typical_volume": 2234.15, "trend": 228.721668, "fair_value": 222.724359, "relative_strength": -3.039036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.569181, "energy": 93.270362, "activity_lines": [ 246.563337, 239.354548, 234.07024, 231.541399 ] }, { "date": "2026-03-06", "close": 236.850006, "volume": 690, "typical_volume": 2163.8, "trend": 229.216668, "fair_value": 222.832692, "relative_strength": -2.032066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.581557, "energy": 81.626076, "activity_lines": [ 244.480005, 239.768185, 234.580955, 232.065808 ] }, { "date": "2026-03-13", "close": 235.050003, "volume": 6897, "typical_volume": 2491.15, "trend": 229.616668, "fair_value": 222.936538, "relative_strength": -2.971256, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.813382, "energy": 55.172111, "activity_lines": [ 241.263338, 239.656367, 234.904288, 232.442152 ] }, { "date": "2026-03-20", "close": 222.100006, "volume": 2582, "typical_volume": 2591.25, "trend": 229.361668, "fair_value": 222.921154, "relative_strength": -4.953746, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.739501, "energy": 13.493283, "activity_lines": [ 234.153339, 237.066368, 233.973812, 231.957207 ] }, { "date": "2026-03-27", "close": 222.350006, "volume": 4670, "typical_volume": 2763.95, "trend": 229.198335, "fair_value": 222.879808, "relative_strength": -5.811431, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.860878, "energy": 34.120653, "activity_lines": [ 228.673339, 234.537277, 233.080003, 231.504841 ] }, { "date": "2026-04-03", "close": 224.449997, "volume": 4642, "typical_volume": 2931.55, "trend": 229.060002, "fair_value": 222.828526, "relative_strength": -9.122715, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.867149, "energy": 35.486655, "activity_lines": [ 225.660003, 232.497276, 232.411907, 231.198497 ] }, { "date": "2026-04-10", "close": 227.100006, "volume": 696, "typical_volume": 2915.45, "trend": 229.161668, "fair_value": 222.797756, "relative_strength": -11.36819, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.660525, "energy": 38.698846, "activity_lines": [ 225.30667, 230.946368, 232.010003, 231.072045 ] }, { "date": "2026-04-17", "close": 225.25, "volume": 1518, "typical_volume": 2957.7, "trend": 229.343335, "fair_value": 222.716667, "relative_strength": -13.844209, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.611388, "energy": 45.721728, "activity_lines": [ 224.986669, 229.090912, 231.439765, 230.81968 ] }, { "date": "2026-04-24", "close": 227.899994, "volume": 1188, "typical_volume": 2960.4, "trend": 229.726668, "fair_value": 222.653205, "relative_strength": -10.203555, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.884296, "energy": 25.637542, "activity_lines": [ 226.203333, 228.010911, 231.141431, 230.726561 ] }, { "date": "2026-05-01", "close": 226.5, "volume": 520, "typical_volume": 2958.15, "trend": 229.978335, "fair_value": 222.571154, "relative_strength": -11.409096, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.138316, "energy": 19.632435, "activity_lines": [ 226.566666, 226.992728, 230.705954, 230.518389 ] }, { "date": "2026-05-08", "close": 225.100006, "volume": 897, "typical_volume": 2838.55, "trend": 230.080002, "fair_value": 222.494551, "relative_strength": -13.403617, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.181159, "energy": 22.257114, "activity_lines": [ 226.186668, 226.126365, 230.133098, 230.203658 ] }, { "date": "2026-05-15", "close": 226.449997, "volume": 447, "typical_volume": 2859.2, "trend": 229.845002, "fair_value": 222.433974, "relative_strength": -12.233182, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.087602, "energy": 17.224375, "activity_lines": [ 226.213333, 225.978182, 229.707383, 229.969464 ] }, { "date": "2026-05-22", "close": 232.0, "volume": 349, "typical_volume": 2843.2, "trend": 229.886668, "fair_value": 222.436539, "relative_strength": -10.391246, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -1.033645, "energy": 6.331667, "activity_lines": [ 228.133333, 227.028182, 229.807859, 230.108496 ] }, { "date": "2026-05-29", "close": 228.850006, "volume": 3050, "typical_volume": 2951.2, "trend": 230.021668, "fair_value": 222.449359, "relative_strength": -12.126722, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.960305, "energy": 7.119665, "activity_lines": [ 228.553336, 227.56091, 229.590478, 230.041615 ] }, { "date": "2026-06-05", "close": 226.25, "volume": 660, "typical_volume": 2578.25, "trend": 229.971668, "fair_value": 222.467628, "relative_strength": -12.479037, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.704863, "energy": 20.401099, "activity_lines": [ 228.043335, 227.498183, 229.097383, 229.798281 ] }, { "date": "2026-06-12", "close": 234.399994, "volume": 1389, "typical_volume": 2368.85, "trend": 230.206668, "fair_value": 222.515385, "relative_strength": -11.725387, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.940987, "energy": 14.971273, "activity_lines": [ 230.266666, 228.846363, 229.390001, 230.08398 ] }, { "date": "2026-06-19", "close": 227.800003, "volume": 20, "typical_volume": 2337.9, "trend": 230.175001, "fair_value": 222.530769, "relative_strength": -15.945354, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.939717, "energy": 16.239739, "activity_lines": [ 229.67, 228.813637, 229.008573, 229.928711 ] }, { "date": "2026-06-26", "close": 241.25, "volume": 257, "typical_volume": 2134.3, "trend": 230.571668, "fair_value": 222.624359, "relative_strength": -7.93469, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 46.129714, "energy": 41.312708, "activity_lines": [ 233.466667, 231.213637, 229.913096, 230.643227 ] }, { "date": "2026-07-03", "close": 243.300003, "volume": 726, "typical_volume": 1762.6, "trend": 231.111668, "fair_value": 222.764103, "relative_strength": -9.528507, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.681627, "energy": 66.08751, "activity_lines": [ 237.330001, 233.695455, 231.013572, 231.46441 ] }, { "date": "2026-07-10", "close": 240.350006, "volume": 1211, "typical_volume": 1691.55, "trend": 231.601668, "fair_value": 222.865385, "relative_strength": -9.943123, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 55.69871, "energy": 70.50213, "activity_lines": [ 239.246669, 235.360911, 231.84262, 232.060432 ] }, { "date": "2026-07-17", "close": 245.550003, "volume": 1085, "typical_volume": 1674.7, "trend": 232.153335, "fair_value": 222.989103, "relative_strength": -6.410061, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.163943, "energy": 82.825156, "activity_lines": [ 241.95667, 237.720002, 233.207382, 232.960324 ] }, { "date": "2026-07-24", "close": 238.649994, "volume": 540, "typical_volume": 1667.2, "trend": 232.576668, "fair_value": 223.042628, "relative_strength": -8.601837, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.585567, "energy": 70.911274, "activity_lines": [ 241.623334, 238.452728, 233.941429, 233.379464 ] }, { "date": "2026-07-31", "close": 243.100006, "volume": 1608, "typical_volume": 1402.75, "trend": 233.071668, "fair_value": 223.170833, "relative_strength": -7.276778, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.875211, "energy": 50.458759, "activity_lines": [ 242.050002, 239.772729, 235.090716, 234.058389 ] }, { "date": "2026-08-07", "close": 242.350006, "volume": 1283, "typical_volume": 1337.8, "trend": 233.718335, "fair_value": 223.292308, "relative_strength": -9.936522, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.236364, "energy": 46.492846, "activity_lines": [ 242.103337, 240.754548, 236.13024, 234.656991 ] } ], "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." } } }