{ "ticker": { "uuid": "d9b51998-37c4-4c23-ac38-c7a33f90da6d", "symbol": "MKS", "name": "Marks and Spencer Group 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 75.527, "architecture_energy": 68.57, "architecture_maturity": 19.423, "architecture_confidence": 80.118, "architecture_tenure": "Developing", "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": 13.5, "rotation_up": 75.81, "upward_expansion": 91.81, "deceleration": 40.71, "rotation_down": 11.59, "downward_expansion": 13.81 }, "activity_lines": [ 396.106667, 387.08, 372.549802, 368.215656 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 408.7, "trend_reference": 365.632203, "distance_from_trend": 0.11779, "trend_direction": "Improving", "fair_value": 326.39762, "distance_from_fair_value": 0.252154, "fair_value_direction": "Improving", "relative_strength": 4.209439, "relative_strength_direction": "Improving", "price_momentum": 0.116453, "excess_performance": 0.050174, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.11779, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033829, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.252154, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.18923, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.042094, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.174682, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.116453, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.834341, "read": "Demand-led" } ], "volume": { "latest": 53651544, "relative_activity": 1.691454, "balance": 2.834341, "dry_up": 1.352446, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.060029, "annualized_volatility": 0.347858, "from_high_reference": -0.023008, "from_low_reference": 0.357467 }, "levels": { "trend_reference": 365.632203, "fair_value_reference": 326.39762, "structural_low": 301.075465, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 32, "median_return": 0.039095, "positive_rate": 0.65625, "directional_follow_through": 0.65625, "median_excess_return": 0.041251, "regime_survival": 0.78125, "best_return": 0.243424, "worst_return": -0.179048, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.078526, "positive_rate": 0.636364, "directional_follow_through": 0.636364, "median_excess_return": 0.05127, "regime_survival": 0.454545, "best_return": 0.266364, "worst_return": -0.324262, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.07471, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.031743, "regime_survival": 0.333333, "best_return": 0.330771, "worst_return": -0.144269, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.282735, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.251346, "regime_survival": 0.0, "best_return": 0.477972, "worst_return": -0.37136, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-07-11", "tenure": "Developing", "return": -0.076297, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.047953, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-10-10", "tenure": "Developing", "return": 0.121888, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-17", "end": "2025-11-07", "tenure": "New", "return": -0.048756, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": -0.016929, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": -0.0487, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.123086, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": 0.10554, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-27", "tenure": "Developing", "return": -0.179048, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.031082, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-15", "tenure": "Developing", "return": -0.131543, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": 0.025058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-07-03", "tenure": "Developing", "return": 0.049028, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.081217, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 202.236115, "volume": 16706325, "typical_volume": 30476247.85, "trend": 172.482171, "fair_value": 153.937004, "relative_strength": 36.003342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.724646, "energy": 65.278939, "activity_lines": [ 203.795612, 199.556039, 190.404841, 182.444722 ] }, { "date": "2023-08-18", "close": 220.930206, "volume": 54111138, "typical_volume": 31537309.55, "trend": 174.814767, "fair_value": 154.649599, "relative_strength": 52.002741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.150784, "energy": 66.687886, "activity_lines": [ 209.88036, 204.07007, 194.087964, 185.570401 ] }, { "date": "2023-08-25", "close": 217.031433, "volume": 33689278, "typical_volume": 32136008.45, "trend": 177.177355, "fair_value": 155.328872, "relative_strength": 45.893869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.348635, "energy": 72.366498, "activity_lines": [ 212.926065, 207.279966, 197.142713, 188.294057 ] }, { "date": "2023-09-01", "close": 228.127914, "volume": 32122347, "typical_volume": 32461041.3, "trend": 179.350002, "fair_value": 156.093054, "relative_strength": 48.802394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.355601, "energy": 80.983948, "activity_lines": [ 218.817532, 212.022102, 200.994828, 191.58119 ] }, { "date": "2023-09-08", "close": 221.82991, "volume": 28924757, "typical_volume": 32653647.9, "trend": 181.624283, "fair_value": 156.862362, "relative_strength": 42.604762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.461821, "energy": 79.632662, "activity_lines": [ 221.123469, 214.835759, 203.956987, 194.321829 ] }, { "date": "2023-09-15", "close": 219.6306, "volume": 102336157, "typical_volume": 36575417.4, "trend": 183.921889, "fair_value": 157.560539, "relative_strength": 35.333237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.597176, "energy": 67.989279, "activity_lines": [ 221.65663, 216.718799, 206.433585, 196.77385 ] }, { "date": "2023-09-22", "close": 236.82518, "volume": 51069533, "typical_volume": 38357928.4, "trend": 186.721005, "fair_value": 158.476275, "relative_strength": 44.38644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.859681, "energy": 68.209813, "activity_lines": [ 226.761686, 221.215561, 210.284274, 200.186965 ] }, { "date": "2023-09-29", "close": 236.525269, "volume": 39871758, "typical_volume": 39411925.1, "trend": 189.266867, "fair_value": 159.35997, "relative_strength": 43.471574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.039964, "energy": 65.164201, "activity_lines": [ 230.707107, 224.894399, 213.762937, 203.400144 ] }, { "date": "2023-10-06", "close": 230.32724, "volume": 39875044, "typical_volume": 40529930.25, "trend": 191.679439, "fair_value": 160.20073, "relative_strength": 39.681832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.781733, "energy": 58.242558, "activity_lines": [ 231.286928, 226.859235, 216.323319, 206.0492 ] }, { "date": "2023-10-13", "close": 215.331955, "volume": 52808426, "typical_volume": 40558566.5, "trend": 194.138662, "fair_value": 160.996889, "relative_strength": 27.243653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.816827, "energy": 49.331795, "activity_lines": [ 226.7217, 225.652341, 217.127826, 207.575169 ] }, { "date": "2023-10-20", "close": 214.232315, "volume": 41839515, "typical_volume": 40787622.7, "trend": 196.198011, "fair_value": 161.743192, "relative_strength": 28.374555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.662033, "energy": 32.85789, "activity_lines": [ 222.223122, 224.080111, 217.656707, 208.871533 ] }, { "date": "2023-10-27", "close": 214.432266, "volume": 30816939, "typical_volume": 39834909.25, "trend": 197.780845, "fair_value": 162.546528, "relative_strength": 28.840055, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.042626, "energy": 23.091626, "activity_lines": [ 218.15108, 222.326122, 218.070149, 210.047937 ] }, { "date": "2023-11-03", "close": 222.429718, "volume": 88488962, "typical_volume": 41205604.05, "trend": 199.776881, "fair_value": 163.356015, "relative_strength": 29.768118, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.561098, "energy": 23.234336, "activity_lines": [ 218.237717, 222.14436, 219.120293, 211.638187 ] }, { "date": "2023-11-10", "close": 246.322159, "volume": 95375945, "typical_volume": 44332106.0, "trend": 202.41438, "fair_value": 164.141985, "relative_strength": 42.868535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.051216, "energy": 38.246886, "activity_lines": [ 227.228203, 226.208528, 222.293099, 214.641108 ] }, { "date": "2023-11-17", "close": 255.22937, "volume": 46064504, "typical_volume": 45375102.55, "trend": 205.460418, "fair_value": 164.928339, "relative_strength": 43.166489, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.470072, "energy": 67.037743, "activity_lines": [ 238.121432, 231.561384, 226.022398, 218.048527 ] }, { "date": "2023-11-24", "close": 248.731155, "volume": 46234344, "typical_volume": 46290478.25, "trend": 208.274854, "fair_value": 165.706361, "relative_strength": 37.985954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.698777, "energy": 77.294012, "activity_lines": [ 244.188762, 235.125484, 228.834771, 220.840187 ] }, { "date": "2023-12-01", "close": 254.32962, "volume": 33641479, "typical_volume": 46061234.35, "trend": 211.262575, "fair_value": 166.423506, "relative_strength": 38.38664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.653436, "energy": 84.023196, "activity_lines": [ 249.822324, 239.178385, 231.907513, 223.811462 ] }, { "date": "2023-12-08", "close": 260.128021, "volume": 27628675, "typical_volume": 45909000.7, "trend": 214.345275, "fair_value": 167.260166, "relative_strength": 39.100842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.311136, "energy": 85.415342, "activity_lines": [ 254.728863, 243.967279, 235.249193, 226.964072 ] }, { "date": "2023-12-15", "close": 261.427643, "volume": 46144996, "typical_volume": 46821042.35, "trend": 217.67623, "fair_value": 168.079844, "relative_strength": 37.436983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.564338, "energy": 79.905289, "activity_lines": [ 257.555389, 248.563326, 238.448491, 230.001644 ] }, { "date": "2023-12-22", "close": 271.924744, "volume": 50053163, "typical_volume": 47890164.25, "trend": 220.758945, "fair_value": 168.934771, "relative_strength": 38.709847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.534782, "energy": 82.531479, "activity_lines": [ 262.873917, 254.502475, 242.382786, 233.501548 ] }, { "date": "2023-12-29", "close": 272.324677, "volume": 8687338, "typical_volume": 47489214.9, "trend": 223.636726, "fair_value": 169.807, "relative_strength": 36.349958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.310888, "energy": 78.596521, "activity_lines": [ 267.21273, 259.48538, 246.042361, 236.82837 ] }, { "date": "2024-01-05", "close": 284.121368, "volume": 35736320, "typical_volume": 46570474.0, "trend": 226.83442, "fair_value": 170.744595, "relative_strength": 41.058004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.100151, "energy": 86.676996, "activity_lines": [ 273.910872, 265.556913, 250.491675, 240.730605 ] }, { "date": "2024-01-12", "close": 261.92749, "volume": 91773619, "typical_volume": 49474691.05, "trend": 229.220675, "fair_value": 171.529029, "relative_strength": 29.643031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.587343, "energy": 59.225438, "activity_lines": [ 271.224939, 266.326121, 252.526376, 242.994674 ] }, { "date": "2024-01-19", "close": 250.430695, "volume": 60279196, "typical_volume": 50882533.5, "trend": 231.400313, "fair_value": 172.217656, "relative_strength": 25.374064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.080682, "energy": 46.396711, "activity_lines": [ 264.586776, 264.286861, 253.252353, 244.363062 ] }, { "date": "2024-01-26", "close": 255.829208, "volume": 36359776, "typical_volume": 51254284.45, "trend": 233.506649, "fair_value": 172.950502, "relative_strength": 23.86459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.31138, "energy": 31.324015, "activity_lines": [ 260.481247, 263.154448, 254.386271, 245.93912 ] }, { "date": "2024-02-02", "close": 240.833359, "volume": 43136351, "typical_volume": 48294294.15, "trend": 235.153111, "fair_value": 173.607727, "relative_strength": 15.996887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.195097, "energy": 23.005113, "activity_lines": [ 252.450137, 259.284611, 253.930112, 246.411811 ] }, { "date": "2024-02-09", "close": 237.734222, "volume": 59386510, "typical_volume": 48710143.0, "trend": 236.582971, "fair_value": 174.296351, "relative_strength": 14.193716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.36693, "energy": 22.679772, "activity_lines": [ 245.485403, 254.994891, 253.077831, 246.578334 ] }, { "date": "2024-02-16", "close": 236.934418, "volume": 45158294, "typical_volume": 48974469.8, "trend": 237.672936, "fair_value": 174.930184, "relative_strength": 10.834358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.767195, "energy": 23.999567, "activity_lines": [ 241.346544, 250.861487, 252.145049, 246.601008 ] }, { "date": "2024-02-23", "close": 240.933319, "volume": 39028665, "typical_volume": 48932150.85, "trend": 238.842881, "fair_value": 175.565301, "relative_strength": 11.863291, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.067799, "energy": 23.403815, "activity_lines": [ 240.206857, 247.876857, 251.591167, 246.811355 ] }, { "date": "2024-03-01", "close": 234.335144, "volume": 110466651, "typical_volume": 51815062.1, "trend": 239.779558, "fair_value": 176.135372, "relative_strength": 8.365103, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.043109, "energy": 35.947213, "activity_lines": [ 237.500937, 244.065183, 250.358382, 246.520534 ] }, { "date": "2024-03-08", "close": 242.732819, "volume": 71525497, "typical_volume": 53299361.2, "trend": 241.129448, "fair_value": 176.67821, "relative_strength": 11.719749, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.476594, "energy": 27.568661, "activity_lines": [ 239.027179, 242.463806, 249.834884, 246.711066 ] }, { "date": "2024-03-15", "close": 245.831955, "volume": 110632577, "typical_volume": 57290143.1, "trend": 241.959506, "fair_value": 177.259819, "relative_strength": 11.21124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.930824, "energy": 15.25712, "activity_lines": [ 241.459836, 241.963943, 249.470826, 247.014454 ] }, { "date": "2024-03-22", "close": 250.430695, "volume": 64462764, "typical_volume": 56088833.2, "trend": 243.072815, "fair_value": 177.879237, "relative_strength": 9.575104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.558459, "energy": 6.064811, "activity_lines": [ 244.885557, 242.996385, 249.39522, 247.560982 ] }, { "date": "2024-03-29", "close": 265.026642, "volume": 39229119, "typical_volume": 53281491.9, "trend": 244.302773, "fair_value": 178.601511, "relative_strength": 14.768125, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.631418, "energy": 30.585676, "activity_lines": [ 252.276842, 246.891669, 250.576366, 248.977358 ] }, { "date": "2024-04-05", "close": 261.127777, "volume": 46685566, "typical_volume": 53312545.0, "trend": 245.612701, "fair_value": 179.269956, "relative_strength": 12.77446, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.378632, "energy": 34.023975, "activity_lines": [ 256.762284, 249.812687, 251.297123, 250.062842 ] }, { "date": "2024-04-12", "close": 255.329346, "volume": 49772415, "typical_volume": 53489448.55, "trend": 246.80266, "fair_value": 179.903794, "relative_strength": 8.344993, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.061683, "energy": 38.287975, "activity_lines": [ 257.528741, 251.583107, 251.437561, 250.689723 ] }, { "date": "2024-04-19", "close": 245.731979, "volume": 43152753, "typical_volume": 53965012.25, "trend": 247.099553, "fair_value": 180.46778, "relative_strength": 4.876242, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.467546, "energy": 27.804253, "activity_lines": [ 254.256306, 251.344988, 250.632544, 250.620647 ] }, { "date": "2024-04-26", "close": 261.427643, "volume": 67278961, "typical_volume": 55947526.55, "trend": 247.929632, "fair_value": 181.131098, "relative_strength": 7.448958, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.646864, "energy": 28.417787, "activity_lines": [ 256.222424, 253.815212, 251.363293, 251.545039 ] }, { "date": "2024-05-03", "close": 258.228516, "volume": 29588945, "typical_volume": 55119724.0, "trend": 248.859675, "fair_value": 181.765257, "relative_strength": 4.491608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.684982, "energy": 22.193495, "activity_lines": [ 256.389037, 255.258445, 251.783175, 252.209484 ] }, { "date": "2024-05-10", "close": 272.524567, "volume": 34211968, "typical_volume": 54327664.25, "trend": 250.766095, "fair_value": 182.504195, "relative_strength": 6.666839, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.050119, "energy": 40.679362, "activity_lines": [ 261.774209, 258.986503, 253.57982, 253.736251 ] }, { "date": "2024-05-17", "close": 276.623444, "volume": 31965641, "typical_volume": 55491579.4, "trend": 252.845799, "fair_value": 183.298565, "relative_strength": 7.622717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.32425, "energy": 68.478071, "activity_lines": [ 267.765887, 262.765457, 255.763977, 255.404467 ] }, { "date": "2024-05-24", "close": 299.117249, "volume": 70016351, "typical_volume": 57205580.95, "trend": 255.668632, "fair_value": 184.156062, "relative_strength": 16.895259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.381737, "energy": 83.889098, "activity_lines": [ 279.835893, 270.018001, 260.069931, 258.389722 ] }, { "date": "2024-05-31", "close": 301.936401, "volume": 80113324, "typical_volume": 56622566.2, "trend": 258.318855, "fair_value": 185.082575, "relative_strength": 17.712984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.814067, "energy": 90.703108, "activity_lines": [ 289.286599, 276.814295, 264.572967, 261.374739 ] }, { "date": "2024-06-07", "close": 309.234833, "volume": 80956748, "typical_volume": 57656443.8, "trend": 260.415944, "fair_value": 186.048184, "relative_strength": 20.057044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.777825, "energy": 93.960148, "activity_lines": [ 298.469531, 284.001109, 269.580573, 264.659641 ] }, { "date": "2024-06-14", "close": 295.337769, "volume": 83846998, "typical_volume": 60030804.9, "trend": 261.752891, "fair_value": 186.989111, "relative_strength": 15.242986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.525193, "energy": 86.417348, "activity_lines": [ 299.619688, 287.857399, 272.984629, 266.912662 ] }, { "date": "2024-06-21", "close": 297.937256, "volume": 48395835, "typical_volume": 60293779.1, "trend": 263.393094, "fair_value": 187.915302, "relative_strength": 14.182244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.56012, "energy": 81.296936, "activity_lines": [ 300.11546, 291.564323, 276.44812, 269.247137 ] }, { "date": "2024-06-28", "close": 286.439636, "volume": 35204337, "typical_volume": 59084670.45, "trend": 264.463428, "fair_value": 188.773237, "relative_strength": 10.129814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.897616, "energy": 54.860916, "activity_lines": [ 295.357772, 292.406081, 278.544676, 270.734011 ] }, { "date": "2024-07-05", "close": 295.437744, "volume": 103365726, "typical_volume": 61995042.05, "trend": 265.640419, "fair_value": 189.716728, "relative_strength": 12.384924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.202969, "energy": 46.260391, "activity_lines": [ 294.444627, 294.14372, 281.266264, 272.732354 ] }, { "date": "2024-07-12", "close": 309.53479, "volume": 26546952, "typical_volume": 61370956.4, "trend": 267.24399, "fair_value": 190.814667, "relative_strength": 16.259975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.207524, "energy": 52.059436, "activity_lines": [ 298.663741, 297.826092, 285.05184, 275.564249 ] }, { "date": "2024-07-19", "close": 319.732635, "volume": 39714250, "typical_volume": 57833336.35, "trend": 268.837587, "fair_value": 191.96452, "relative_strength": 20.618842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.813353, "energy": 57.563639, "activity_lines": [ 306.26214, 302.429777, 289.481966, 278.950613 ] }, { "date": "2024-07-26", "close": 325.631409, "volume": 54355860, "typical_volume": 56974854.5, "trend": 270.614478, "fair_value": 193.183585, "relative_strength": 20.025591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.620779, "energy": 58.682159, "activity_lines": [ 314.200472, 307.247637, 294.067226, 282.61473 ] }, { "date": "2024-08-02", "close": 317.033203, "volume": 35367268, "typical_volume": 53211589.05, "trend": 271.711539, "fair_value": 194.319017, "relative_strength": 17.647204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.666322, "energy": 56.492174, "activity_lines": [ 317.426459, 309.611134, 297.438853, 285.609487 ] }, { "date": "2024-08-09", "close": 318.732849, "volume": 68214593, "typical_volume": 53399180.5, "trend": 273.605051, "fair_value": 195.420166, "relative_strength": 17.54081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.438327, "energy": 48.546449, "activity_lines": [ 319.179423, 311.957912, 300.633298, 288.64312 ] }, { "date": "2024-08-16", "close": 329.03067, "volume": 47991700, "typical_volume": 53837309.55, "trend": 276.22505, "fair_value": 196.486077, "relative_strength": 18.616491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.660175, "energy": 48.901808, "activity_lines": [ 322.811987, 315.871632, 304.48324, 292.218966 ] }, { "date": "2024-08-23", "close": 336.729065, "volume": 23034692, "typical_volume": 52654765.85, "trend": 278.921712, "fair_value": 197.501048, "relative_strength": 20.399295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.140814, "energy": 46.528372, "activity_lines": [ 327.710958, 320.825135, 308.761581, 296.122451 ] }, { "date": "2024-08-30", "close": 342.12793, "volume": 21294505, "typical_volume": 51230870.35, "trend": 282.298198, "fair_value": 198.524353, "relative_strength": 20.9052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.835935, "energy": 48.465619, "activity_lines": [ 333.276455, 326.007682, 313.194093, 300.200272 ] }, { "date": "2024-09-06", "close": 347.626801, "volume": 33892376, "typical_volume": 50767851.5, "trend": 285.961283, "fair_value": 199.55343, "relative_strength": 24.866255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.316232, "energy": 50.971686, "activity_lines": [ 339.575141, 331.386556, 317.736981, 304.41502 ] }, { "date": "2024-09-13", "close": 351.126038, "volume": 40659493, "typical_volume": 49436878.1, "trend": 289.767671, "fair_value": 200.635376, "relative_strength": 23.750369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.891431, "energy": 57.030512, "activity_lines": [ 345.000666, 336.289161, 322.127916, 308.619198 ] }, { "date": "2024-09-20", "close": 369.42218, "volume": 60216966, "typical_volume": 50968279.15, "trend": 294.050633, "fair_value": 201.804166, "relative_strength": 29.856257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.612815, "energy": 68.281491, "activity_lines": [ 354.365359, 343.505823, 327.834205, 313.758199 ] }, { "date": "2024-09-27", "close": 375.920776, "volume": 32062910, "typical_volume": 50860826.25, "trend": 298.770154, "fair_value": 203.05018, "relative_strength": 29.682086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.121929, "energy": 73.446407, "activity_lines": [ 363.203483, 350.815186, 333.629915, 319.040143 ] }, { "date": "2024-10-04", "close": 369.622131, "volume": 56976917, "typical_volume": 52111390.05, "trend": 302.999798, "fair_value": 204.302598, "relative_strength": 27.152298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.474684, "energy": 67.649941, "activity_lines": [ 367.329278, 355.957739, 338.333391, 323.611239 ] }, { "date": "2024-10-11", "close": 380.019958, "volume": 26030967, "typical_volume": 49912120.85, "trend": 307.472731, "fair_value": 205.558227, "relative_strength": 29.89524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.941616, "energy": 69.734648, "activity_lines": [ 373.088069, 362.190974, 343.584285, 328.580281 ] }, { "date": "2024-10-18", "close": 385.818726, "volume": 38342962, "typical_volume": 47823602.75, "trend": 311.985665, "fair_value": 206.891079, "relative_strength": 29.021712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.116796, "energy": 67.769475, "activity_lines": [ 378.620239, 368.333317, 349.002192, 333.634861 ] }, { "date": "2024-10-25", "close": 378.220306, "volume": 44341858, "typical_volume": 45992858.25, "trend": 315.758788, "fair_value": 208.139017, "relative_strength": 27.036957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.687842, "energy": 64.791507, "activity_lines": [ 379.306756, 371.874386, 353.297, 337.908064 ] }, { "date": "2024-11-01", "close": 380.719757, "volume": 65685067, "typical_volume": 45084761.7, "trend": 319.745187, "fair_value": 209.336972, "relative_strength": 27.867106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.754905, "energy": 60.611765, "activity_lines": [ 380.239882, 374.975543, 357.501349, 342.099094 ] }, { "date": "2024-11-08", "close": 374.421112, "volume": 101625749, "typical_volume": 47746257.4, "trend": 323.714912, "fair_value": 210.218357, "relative_strength": 26.521046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.814219, "energy": 51.848395, "activity_lines": [ 378.753528, 376.131662, 360.699246, 345.626573 ] }, { "date": "2024-11-15", "close": 368.122467, "volume": 41459466, "typical_volume": 48059013.85, "trend": 327.794595, "fair_value": 211.035014, "relative_strength": 23.772578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.751084, "energy": 38.650453, "activity_lines": [ 374.847693, 375.555423, 362.933064, 348.491577 ] }, { "date": "2024-11-22", "close": 378.920197, "volume": 56757454, "typical_volume": 45728600.25, "trend": 331.711014, "fair_value": 211.938189, "relative_strength": 23.527691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.943144, "energy": 40.405001, "activity_lines": [ 375.334267, 376.56976, 365.80627, 351.790003 ] }, { "date": "2024-11-29", "close": 382.629364, "volume": 168456745, "typical_volume": 52824089.9, "trend": 335.857709, "fair_value": 212.845917, "relative_strength": 23.564432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.527461, "energy": 37.985424, "activity_lines": [ 377.517133, 377.753142, 368.635195, 355.075058 ] }, { "date": "2024-12-06", "close": 391.627716, "volume": 47042017, "typical_volume": 53190478.25, "trend": 339.827814, "fair_value": 213.8376, "relative_strength": 25.32682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.487789, "energy": 45.900794, "activity_lines": [ 382.405512, 380.332458, 371.973037, 358.673123 ] }, { "date": "2024-12-13", "close": 397.626617, "volume": 32432958, "typical_volume": 52094333.15, "trend": 343.861253, "fair_value": 214.9472, "relative_strength": 26.507035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.514082, "energy": 53.063878, "activity_lines": [ 388.566327, 383.716902, 375.539845, 362.402078 ] }, { "date": "2024-12-20", "close": 379.329987, "volume": 55554074, "typical_volume": 53103673.45, "trend": 346.535011, "fair_value": 215.903627, "relative_strength": 23.180542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.419748, "energy": 44.647396, "activity_lines": [ 387.081232, 383.265514, 377.021283, 364.690383 ] }, { "date": "2024-12-27", "close": 378.230164, "volume": 12792390, "typical_volume": 50332563.3, "trend": 349.078136, "fair_value": 216.845315, "relative_strength": 21.156026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.704988, "energy": 39.177295, "activity_lines": [ 384.482361, 382.626703, 378.101324, 366.735232 ] }, { "date": "2025-01-03", "close": 390.427917, "volume": 12695121, "typical_volume": 48567734.35, "trend": 351.784572, "fair_value": 217.703706, "relative_strength": 23.283439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.911261, "energy": 36.892136, "activity_lines": [ 385.99541, 384.343639, 380.059735, 369.40296 ] }, { "date": "2025-01-10", "close": 334.938171, "volume": 48332533, "typical_volume": 49832626.4, "trend": 353.104586, "fair_value": 218.419787, "relative_strength": 5.119258, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -7.147686, "energy": 12.163236, "activity_lines": [ 368.491974, 375.749574, 376.441041, 368.316095 ] }, { "date": "2025-01-17", "close": 334.438263, "volume": 42218065, "typical_volume": 50878804.4, "trend": 354.321286, "fair_value": 219.158297, "relative_strength": 1.503351, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -13.463335, "energy": 25.993848, "activity_lines": [ 354.601204, 367.897009, 372.783264, 367.111816 ] }, { "date": "2025-01-24", "close": 321.440674, "volume": 75962737, "typical_volume": 52982322.45, "trend": 355.487987, "fair_value": 219.821179, "relative_strength": -2.617162, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -39.310922, "energy": 53.010147, "activity_lines": [ 340.590462, 358.408206, 367.92424, 364.990486 ] }, { "date": "2025-01-31", "close": 335.737976, "volume": 44666806, "typical_volume": 53182688.1, "trend": 356.831328, "fair_value": 220.667348, "relative_strength": -0.646477, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.154242, "energy": 54.892501, "activity_lines": [ 335.204775, 352.367674, 364.551559, 363.716292 ] }, { "date": "2025-02-07", "close": 347.835785, "volume": 81230640, "typical_volume": 54233371.8, "trend": 358.108028, "fair_value": 221.636885, "relative_strength": 2.187024, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.916018, "energy": 58.719287, "activity_lines": [ 336.684503, 349.311874, 362.404327, 363.135934 ] }, { "date": "2025-02-14", "close": 355.734314, "volume": 40572931, "typical_volume": 54658872.85, "trend": 359.308084, "fair_value": 222.734274, "relative_strength": 3.614522, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.643329, "energy": 33.958432, "activity_lines": [ 343.63655, 348.32478, 361.112128, 362.982791 ] }, { "date": "2025-02-21", "close": 346.036133, "volume": 25819114, "typical_volume": 53100982.7, "trend": 359.988242, "fair_value": 223.832295, "relative_strength": 1.210056, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.22141, "energy": 21.045002, "activity_lines": [ 345.96946, 346.226989, 358.992418, 362.126537 ] }, { "date": "2025-02-28", "close": 354.734528, "volume": 27203239, "typical_volume": 53159596.3, "trend": 361.244952, "fair_value": 225.09822, "relative_strength": 1.501371, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.412741, "energy": 9.759422, "activity_lines": [ 350.428644, 346.648732, 357.813442, 361.787587 ] }, { "date": "2025-03-07", "close": 367.732117, "volume": 81942120, "typical_volume": 55339554.2, "trend": 362.878261, "fair_value": 226.429198, "relative_strength": 6.244027, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.343651, "energy": 18.032256, "activity_lines": [ 357.000767, 349.880864, 357.992738, 362.206114 ] }, { "date": "2025-03-14", "close": 334.338257, "volume": 38799348, "typical_volume": 55062428.7, "trend": 363.055181, "fair_value": 227.514393, "relative_strength": -3.194346, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.357042, "energy": 22.142142, "activity_lines": [ 350.308661, 347.232258, 355.077793, 360.364823 ] }, { "date": "2025-03-21", "close": 333.838379, "volume": 48559203, "typical_volume": 54206135.5, "trend": 362.958825, "fair_value": 228.659505, "relative_strength": -3.82623, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.323681, "energy": 29.608715, "activity_lines": [ 344.349764, 345.512578, 352.324203, 358.479868 ] }, { "date": "2025-03-28", "close": 354.534546, "volume": 26933729, "typical_volume": 50471534.5, "trend": 363.372379, "fair_value": 229.919982, "relative_strength": 1.622399, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.585021, "energy": 23.512171, "activity_lines": [ 346.749319, 347.575833, 351.764921, 357.936367 ] }, { "date": "2025-04-04", "close": 363.03299, "volume": 39942748, "typical_volume": 50395698.6, "trend": 363.885918, "fair_value": 231.264094, "relative_strength": 11.219529, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.997298, "energy": 16.357813, "activity_lines": [ 351.415127, 350.818873, 352.109712, 357.914471 ] }, { "date": "2025-04-11", "close": 377.63031, "volume": 30898115, "typical_volume": 49102731.65, "trend": 364.769394, "fair_value": 232.729334, "relative_strength": 16.157145, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.11969, "energy": 8.624391, "activity_lines": [ 360.393478, 355.959747, 353.868961, 358.801206 ] }, { "date": "2025-04-18", "close": 411.22406, "volume": 30293721, "typical_volume": 42194580.45, "trend": 366.16279, "fair_value": 234.391975, "relative_strength": 20.673619, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.233457, "energy": 46.822061, "activity_lines": [ 379.909865, 366.446897, 358.833756, 361.798281 ] }, { "date": "2025-04-25", "close": 385.928741, "volume": 36371866, "typical_volume": 41661072.9, "trend": 366.496389, "fair_value": 235.983143, "relative_strength": 10.661758, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.562267, "energy": 47.963826, "activity_lines": [ 385.86876, 371.182384, 361.253308, 363.073503 ] }, { "date": "2025-05-02", "close": 377.730225, "volume": 61461218, "typical_volume": 43112485.9, "trend": 366.766659, "fair_value": 237.545467, "relative_strength": 5.41759, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.544041, "energy": 48.672238, "activity_lines": [ 385.622125, 373.878242, 362.919187, 363.798267 ] }, { "date": "2025-05-09", "close": 357.933899, "volume": 40283522, "typical_volume": 42348958.3, "trend": 366.030457, "fair_value": 238.931869, "relative_strength": -0.060704, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.704136, "energy": 31.795492, "activity_lines": [ 377.230337, 372.398511, 362.794446, 363.228412 ] }, { "date": "2025-05-16", "close": 354.834473, "volume": 44033543, "typical_volume": 43911015.95, "trend": 364.997648, "fair_value": 240.329162, "relative_strength": -2.764438, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.545926, "energy": 7.264761, "activity_lines": [ 368.145345, 370.297079, 362.476408, 362.50609 ] }, { "date": "2025-05-23", "close": 375.130737, "volume": 79980714, "typical_volume": 47275295.6, "trend": 364.894663, "fair_value": 241.773573, "relative_strength": 2.073367, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.819857, "energy": 8.682079, "activity_lines": [ 367.345498, 372.120379, 364.202755, 363.159838 ] }, { "date": "2025-05-30", "close": 374.356415, "volume": 46410410, "typical_volume": 47179189.45, "trend": 364.682551, "fair_value": 243.212699, "relative_strength": 0.946017, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.284101, "energy": 8.223202, "activity_lines": [ 368.693764, 373.061211, 365.928202, 363.770273 ] }, { "date": "2025-06-06", "close": 366.657349, "volume": 30034086, "typical_volume": 46569990.5, "trend": 364.423759, "fair_value": 244.664953, "relative_strength": -2.040296, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.34667, "energy": 4.600845, "activity_lines": [ 368.247164, 371.865522, 366.732698, 363.89768 ] }, { "date": "2025-06-13", "close": 374.256439, "volume": 33091614, "typical_volume": 44426434.35, "trend": 364.628225, "fair_value": 246.178095, "relative_strength": -0.426364, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.541436, "energy": 8.784079, "activity_lines": [ 371.071786, 371.831071, 368.107492, 364.532046 ] }, { "date": "2025-06-20", "close": 361.85791, "volume": 90842746, "typical_volume": 46735231.35, "trend": 364.059482, "fair_value": 247.574911, "relative_strength": -3.114817, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.450232, "energy": 12.613722, "activity_lines": [ 368.675395, 369.338279, 368.049971, 364.353316 ] }, { "date": "2025-06-27", "close": 357.058472, "volume": 29047796, "typical_volume": 44126089.15, "trend": 363.207119, "fair_value": 248.97813, "relative_strength": -4.898859, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.263699, "energy": 8.011849, "activity_lines": [ 364.210962, 366.259633, 367.41098, 363.901638 ] }, { "date": "2025-07-04", "close": 343.759979, "volume": 58145341, "typical_volume": 45004709.65, "trend": 361.611528, "fair_value": 250.321094, "relative_strength": -8.811172, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.397057, "energy": 17.765751, "activity_lines": [ 356.518516, 361.747908, 365.461548, 362.646984 ] }, { "date": "2025-07-11", "close": 327.761841, "volume": 54354440, "typical_volume": 46431475.95, "trend": 359.282702, "fair_value": 251.559264, "relative_strength": -14.171603, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.244867, "energy": 43.167568, "activity_lines": [ 345.53312, 355.094136, 362.045504, 360.463133 ] }, { "date": "2025-07-18", "close": 341.960205, "volume": 48950405, "typical_volume": 47518834.25, "trend": 358.037042, "fair_value": 252.823404, "relative_strength": -10.91435, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.319103, "energy": 44.646826, "activity_lines": [ 341.873545, 351.9304, 360.068706, 359.345553 ] }, { "date": "2025-07-25", "close": 354.958679, "volume": 40122289, "typical_volume": 45427842.7, "trend": 357.261326, "fair_value": 254.192336, "relative_strength": -8.812253, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.022921, "energy": 42.897952, "activity_lines": [ 344.699878, 351.420454, 359.390688, 359.146949 ] }, { "date": "2025-08-01", "close": 342.260162, "volume": 49343234, "typical_volume": 45955037.0, "trend": 355.655734, "fair_value": 255.513831, "relative_strength": -11.531701, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.218257, "energy": 40.936563, "activity_lines": [ 343.75332, 348.599428, 357.564114, 358.179132 ] }, { "date": "2025-08-08", "close": 331.961395, "volume": 39270138, "typical_volume": 45490583.75, "trend": 355.556508, "fair_value": 256.769308, "relative_strength": -14.35192, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.819542, "energy": 33.394083, "activity_lines": [ 340.360394, 344.503547, 354.718981, 356.650465 ] }, { "date": "2025-08-15", "close": 349.059387, "volume": 68185274, "typical_volume": 47553161.0, "trend": 356.043879, "fair_value": 258.165467, "relative_strength": -10.309867, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.426644, "energy": 18.529643, "activity_lines": [ 343.453371, 344.287209, 353.511166, 356.231295 ] }, { "date": "2025-08-22", "close": 358.358307, "volume": 28141594, "typical_volume": 46963103.3, "trend": 357.274467, "fair_value": 259.691725, "relative_strength": -9.642129, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -34.139922, "energy": 20.281725, "activity_lines": [ 348.226151, 346.081547, 353.215035, 356.380613 ] }, { "date": "2025-08-29", "close": 345.359802, "volume": 20689799, "typical_volume": 46452687.5, "trend": 357.595195, "fair_value": 261.128572, "relative_strength": -11.518505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.356199, "energy": 20.091593, "activity_lines": [ 347.57289, 345.801578, 351.703212, 355.611925 ] }, { "date": "2025-09-05", "close": 342.160187, "volume": 31121397, "typical_volume": 46494071.3, "trend": 357.406008, "fair_value": 262.567978, "relative_strength": -12.325647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.969035, "energy": 18.060915, "activity_lines": [ 346.493016, 345.239826, 350.040332, 354.616118 ] }, { "date": "2025-09-12", "close": 338.160675, "volume": 23582277, "typical_volume": 45854591.85, "trend": 356.82022, "fair_value": 264.003214, "relative_strength": -13.816221, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.497317, "energy": 25.318332, "activity_lines": [ 344.086635, 344.221768, 348.325422, 353.374484 ] }, { "date": "2025-09-19", "close": 354.258759, "volume": 39881443, "typical_volume": 44775603.1, "trend": 357.094307, "fair_value": 265.591306, "relative_strength": -8.793358, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.324452, "energy": 17.482033, "activity_lines": [ 346.632998, 346.23244, 348.37113, 353.209228 ] }, { "date": "2025-09-26", "close": 356.858459, "volume": 32234526, "typical_volume": 44373153.3, "trend": 357.165105, "fair_value": 267.246496, "relative_strength": -8.516384, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.714012, "energy": 10.964727, "activity_lines": [ 349.699302, 348.234022, 348.776197, 353.194012 ] }, { "date": "2025-10-03", "close": 370.456909, "volume": 37382822, "typical_volume": 44040617.25, "trend": 357.255932, "fair_value": 269.019743, "relative_strength": -6.857535, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.580743, "energy": 18.067161, "activity_lines": [ 357.398413, 352.437173, 350.481476, 354.051548 ] }, { "date": "2025-10-10", "close": 387.454895, "volume": 37134354, "typical_volume": 41898299.25, "trend": 359.026486, "fair_value": 270.86645, "relative_strength": -1.701518, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.295618, "energy": 50.388664, "activity_lines": [ 369.090379, 359.44908, 353.731218, 355.999868 ] }, { "date": "2025-10-17", "close": 401.953247, "volume": 30639614, "typical_volume": 41109759.45, "trend": 361.296982, "fair_value": 272.793599, "relative_strength": 2.922546, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.2118, "energy": 68.008879, "activity_lines": [ 382.595481, 368.275329, 358.303069, 358.769337 ] }, { "date": "2025-10-24", "close": 407.752533, "volume": 25752886, "typical_volume": 40895699.45, "trend": 363.070915, "fair_value": 274.739339, "relative_strength": 1.424767, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.657884, "energy": 77.307122, "activity_lines": [ 393.780841, 376.883414, 363.295819, 361.766469 ] }, { "date": "2025-10-31", "close": 397.753723, "volume": 32244346, "typical_volume": 40853336.05, "trend": 364.228272, "fair_value": 276.567155, "relative_strength": -1.53677, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.724799, "energy": 72.537048, "activity_lines": [ 398.067012, 382.606386, 367.140611, 364.00407 ] }, { "date": "2025-11-07", "close": 382.355499, "volume": 64130804, "typical_volume": 39517738.95, "trend": 364.385779, "fair_value": 278.219046, "relative_strength": -4.705459, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.998301, "energy": 74.830745, "activity_lines": [ 394.494092, 384.813401, 369.407013, 365.173568 ] }, { "date": "2025-11-14", "close": 353.658875, "volume": 40142680, "typical_volume": 40072483.15, "trend": 362.466939, "fair_value": 279.694994, "relative_strength": -11.624354, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.147038, "energy": 27.832466, "activity_lines": [ 380.56239, 381.130199, 368.842796, 364.48151 ] }, { "date": "2025-11-21", "close": 333.061249, "volume": 44680248, "typical_volume": 39399228.5, "trend": 360.70469, "fair_value": 281.024487, "relative_strength": -14.952915, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 0.901256, "energy": 15.360004, "activity_lines": [ 362.017881, 373.492906, 366.333088, 362.584369 ] }, { "date": "2025-11-28", "close": 347.671692, "volume": 70931832, "typical_volume": 40228098.1, "trend": 359.702738, "fair_value": 282.463978, "relative_strength": -12.446693, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -9.594098, "energy": 26.579701, "activity_lines": [ 352.93632, 368.604775, 365.265798, 361.74353 ] }, { "date": "2025-12-05", "close": 334.672729, "volume": 56060518, "typical_volume": 40583603.75, "trend": 358.927366, "fair_value": 283.820783, "relative_strength": -14.751522, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.026604, "energy": 38.905954, "activity_lines": [ 343.527161, 361.47296, 362.865703, 360.128691 ] }, { "date": "2025-12-12", "close": 318.374054, "volume": 56536306, "typical_volume": 41404304.6, "trend": 357.712019, "fair_value": 285.100344, "relative_strength": -18.174158, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -50.446264, "energy": 62.085367, "activity_lines": [ 332.890509, 351.781127, 358.948055, 357.512348 ] }, { "date": "2025-12-19", "close": 326.573395, "volume": 52257260, "typical_volume": 41550005.9, "trend": 356.093441, "fair_value": 286.401706, "relative_strength": -17.626345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.85269, "energy": 69.457286, "activity_lines": [ 329.252401, 344.527045, 355.985509, 355.503404 ] }, { "date": "2025-12-26", "close": 320.973846, "volume": 9600230, "typical_volume": 40066510.5, "trend": 354.314022, "fair_value": 287.669096, "relative_strength": -18.274695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.866621, "energy": 73.624517, "activity_lines": [ 325.553475, 337.361799, 352.564371, 353.237624 ] }, { "date": "2026-01-02", "close": 328.273224, "volume": 18587050, "typical_volume": 37586599.3, "trend": 353.034551, "fair_value": 288.891959, "relative_strength": -16.506918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.956159, "energy": 66.535509, "activity_lines": [ 325.093502, 332.996065, 349.890734, 351.557573 ] }, { "date": "2026-01-09", "close": 352.971252, "volume": 70484096, "typical_volume": 39703724.4, "trend": 352.325045, "fair_value": 290.219634, "relative_strength": -11.516296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.519764, "energy": 35.524714, "activity_lines": [ 334.159436, 334.56596, 349.668272, 351.553489 ] }, { "date": "2026-01-16", "close": 366.770111, "volume": 74895747, "typical_volume": 42414021.8, "trend": 352.488785, "fair_value": 291.603081, "relative_strength": -8.896485, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.093013, "energy": 13.34417, "activity_lines": [ 346.605088, 339.458965, 350.78564, 352.485429 ] }, { "date": "2026-01-23", "close": 360.970581, "volume": 53212918, "typical_volume": 43518597.85, "trend": 352.619188, "fair_value": 292.980112, "relative_strength": -9.426435, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.819811, "energy": 17.841413, "activity_lines": [ 353.89116, 343.580881, 351.248718, 353.032641 ] }, { "date": "2026-01-30", "close": 366.07019, "volume": 32814140, "typical_volume": 43980191.0, "trend": 353.362862, "fair_value": 294.282174, "relative_strength": -8.736996, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.191564, "energy": 26.321927, "activity_lines": [ 360.583956, 348.497059, 352.107899, 353.900448 ] }, { "date": "2026-02-06", "close": 386.3685, "volume": 41775893, "typical_volume": 44074913.5, "trend": 355.316417, "fair_value": 295.77427, "relative_strength": -4.908722, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.438855, "energy": 39.158051, "activity_lines": [ 371.036432, 356.503676, 354.76735, 356.029844 ] }, { "date": "2026-02-13", "close": 399.067474, "volume": 38821918, "typical_volume": 44404283.1, "trend": 357.219993, "fair_value": 297.366354, "relative_strength": -2.382031, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.272273, "energy": 67.847126, "activity_lines": [ 381.848881, 366.115619, 358.483324, 358.852493 ] }, { "date": "2026-02-20", "close": 397.067657, "volume": 33466492, "typical_volume": 44208466.6, "trend": 358.623626, "fair_value": 298.931841, "relative_strength": -4.925916, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.084564, "energy": 76.234823, "activity_lines": [ 388.921643, 374.193145, 361.807844, 361.42331 ] }, { "date": "2026-02-27", "close": 396.467682, "volume": 55435554, "typical_volume": 45123526.6, "trend": 360.430543, "fair_value": 300.446702, "relative_strength": -6.835822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.610119, "energy": 77.143409, "activity_lines": [ 393.774577, 380.730792, 364.948506, 363.864862 ] }, { "date": "2026-03-13", "close": 358.470795, "volume": 42552144, "typical_volume": 45719153.1, "trend": 361.31419, "fair_value": 301.732091, "relative_strength": -10.104164, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.483881, "energy": 48.355897, "activity_lines": [ 383.595408, 379.089109, 364.427498, 363.738426 ] }, { "date": "2026-03-20", "close": 330.573059, "volume": 36946544, "typical_volume": 46278836.0, "trend": 360.697979, "fair_value": 302.943743, "relative_strength": -14.00433, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 1.258035, "energy": 5.985901, "activity_lines": [ 364.623621, 371.693348, 361.456622, 361.755128 ] }, { "date": "2026-03-27", "close": 325.97345, "volume": 34499440, "typical_volume": 46391590.7, "trend": 359.618483, "fair_value": 304.056061, "relative_strength": -15.370674, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -37.128588, "energy": 33.705559, "activity_lines": [ 347.838326, 363.419479, 358.41521, 359.514835 ] }, { "date": "2026-04-03", "close": 353.871155, "volume": 33157618, "typical_volume": 44842931.4, "trend": 359.902195, "fair_value": 305.254292, "relative_strength": -11.947303, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.820853, "energy": 31.135774, "activity_lines": [ 345.225202, 360.708789, 358.372533, 359.14404 ] }, { "date": "2026-04-10", "close": 364.87027, "volume": 25458615, "typical_volume": 44108728.15, "trend": 360.659198, "fair_value": 306.551225, "relative_strength": -10.138853, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -25.457442, "energy": 27.115984, "activity_lines": [ 349.158216, 360.232464, 359.51303, 359.464561 ] }, { "date": "2026-04-17", "close": 368.669983, "volume": 29417519, "typical_volume": 43345591.7, "trend": 361.676175, "fair_value": 307.842717, "relative_strength": -9.188013, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.705255, "energy": 16.656326, "activity_lines": [ 356.464295, 360.376093, 360.962017, 359.981386 ] }, { "date": "2026-04-24", "close": 346.971741, "volume": 38000519, "typical_volume": 41699026.05, "trend": 361.433274, "fair_value": 309.016586, "relative_strength": -11.429351, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.211917, "energy": 15.489595, "activity_lines": [ 355.85768, 356.527318, 360.17494, 359.032713 ] }, { "date": "2026-05-01", "close": 337.522491, "volume": 36652652, "typical_volume": 40728632.75, "trend": 360.788742, "fair_value": 310.126999, "relative_strength": -13.126687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.746902, "energy": 19.437349, "activity_lines": [ 351.008071, 351.676803, 358.491267, 357.490082 ] }, { "date": "2026-05-08", "close": 330.773041, "volume": 29008274, "typical_volume": 39352231.15, "trend": 359.465946, "fair_value": 311.191583, "relative_strength": -13.25877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.112038, "energy": 32.313863, "activity_lines": [ 343.138709, 346.718114, 356.151219, 355.553585 ] }, { "date": "2026-05-15", "close": 320.17392, "volume": 57317541, "typical_volume": 39605245.2, "trend": 357.223247, "fair_value": 312.169319, "relative_strength": -15.271469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.465301, "energy": 60.129423, "activity_lines": [ 333.27618, 341.037669, 352.742688, 353.018615 ] }, { "date": "2026-05-22", "close": 347.171722, "volume": 64924044, "typical_volume": 42371435.9, "trend": 355.397196, "fair_value": 313.359529, "relative_strength": -10.14652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.576841, "energy": 50.901833, "activity_lines": [ 335.392676, 341.653075, 351.93585, 352.37013 ] }, { "date": "2026-05-29", "close": 355.871002, "volume": 33885906, "typical_volume": 43136378.7, "trend": 353.667812, "fair_value": 314.490476, "relative_strength": -6.962133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.099355, "energy": 30.755236, "activity_lines": [ 341.842149, 344.055606, 351.832763, 352.400698 ] }, { "date": "2026-06-05", "close": 365.1, "volume": 8609562, "typical_volume": 40042652.0, "trend": 352.579355, "fair_value": 315.638609, "relative_strength": -3.794407, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.604122, "energy": 4.690018, "activity_lines": [ 350.77467, 347.676174, 352.47721, 353.138258 ] }, { "date": "2026-06-12", "close": 376.3, "volume": 15778742, "typical_volume": 37086801.75, "trend": 352.377505, "fair_value": 316.844439, "relative_strength": -1.536936, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.924507, "energy": 28.828051, "activity_lines": [ 361.602025, 352.621713, 354.130568, 354.668623 ] }, { "date": "2026-06-19", "close": 347.9, "volume": 14130650, "typical_volume": 35132688.35, "trend": 352.185542, "fair_value": 317.85444, "relative_strength": -7.591527, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.160316, "energy": 14.932121, "activity_lines": [ 359.927582, 351.995819, 353.033784, 354.379751 ] }, { "date": "2026-06-26", "close": 378.6, "volume": 4209735, "typical_volume": 33702468.1, "trend": 353.703501, "fair_value": 319.095199, "relative_strength": -0.547618, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.771389, "energy": 37.51624, "activity_lines": [ 366.638067, 357.260294, 354.92305, 356.08391 ] }, { "date": "2026-07-03", "close": 383.0, "volume": 2731052, "typical_volume": 31750226.05, "trend": 354.881111, "fair_value": 320.315461, "relative_strength": -0.754417, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.613781, "energy": 53.267009, "activity_lines": [ 372.72, 363.144222, 357.171698, 357.974007 ] }, { "date": "2026-07-10", "close": 378.0, "volume": 35007979, "typical_volume": 31559529.1, "trend": 356.325353, "fair_value": 321.511362, "relative_strength": -0.197779, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.000223, "energy": 47.926681, "activity_lines": [ 375.326667, 367.464001, 358.960196, 359.465548 ] }, { "date": "2026-07-17", "close": 379.1, "volume": 32692055, "typical_volume": 31520807.25, "trend": 358.349551, "fair_value": 322.692526, "relative_strength": -0.83355, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.940839, "energy": 55.365601, "activity_lines": [ 377.44, 371.247825, 360.953777, 360.93488 ] }, { "date": "2026-07-24", "close": 380.5, "volume": 41687401, "typical_volume": 30833399.6, "trend": 360.147105, "fair_value": 323.822426, "relative_strength": -1.590483, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.48963, "energy": 50.855536, "activity_lines": [ 379.833333, 374.407522, 363.166251, 362.363941 ] }, { "date": "2026-07-31", "close": 405.1, "volume": 43562994, "typical_volume": 30883942.1, "trend": 362.95131, "fair_value": 325.099766, "relative_strength": 3.591333, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.810984, "energy": 61.550676, "activity_lines": [ 388.253333, 380.943109, 367.79762, 365.264128 ] }, { "date": "2026-08-07", "close": 408.7, "volume": 53651544, "typical_volume": 31719192.1, "trend": 365.632203, "fair_value": 326.39762, "relative_strength": 4.209439, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.526674, "energy": 68.570255, "activity_lines": [ 396.106667, 387.08, 372.549802, 368.215656 ] } ], "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." } } }