{ "ticker": { "uuid": "da05e924-2410-4fdc-ae9c-7a87bb611124", "symbol": "INCY", "name": "Incyte Corporation", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "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": 68.972, "architecture_energy": 54.682, "architecture_maturity": 23.623, "architecture_confidence": 80.087, "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": 12.32, "rotation_up": 71.21, "upward_expansion": 85.9, "deceleration": 50.69, "rotation_down": 15.19, "downward_expansion": 7.9 }, "activity_lines": [ 119.006667, 116.31, 109.629286, 106.033548 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 120.56, "trend_reference": 103.017, "distance_from_trend": 0.170292, "trend_direction": "Improving", "fair_value": 75.370609, "distance_from_fair_value": 0.599563, "fair_value_direction": "Improving", "relative_strength": 6.630312, "relative_strength_direction": "Improving", "price_momentum": 0.11228, "excess_performance": -0.075174, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.170292, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03544, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.599563, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.22128, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.066303, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.140481, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.11228, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.661851, "read": "Demand-led" } ], "volume": { "latest": 9223293, "relative_activity": 1.120406, "balance": 2.661851, "dry_up": 1.20019, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.076282, "annualized_volatility": 0.333683, "from_high_reference": -0.090799, "from_low_reference": 0.541688 }, "levels": { "trend_reference": 103.017, "fair_value_reference": 75.370609, "structural_low": 89.25, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": -0.013087, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -0.02975, "regime_survival": 0.611111, "best_return": 0.189334, "worst_return": -0.091471, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.027137, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.04077, "regime_survival": 0.375, "best_return": 0.200141, "worst_return": -0.127565, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.008036, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.037631, "regime_survival": 0.25, "best_return": 0.191439, "worst_return": -0.229184, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.038268, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.029163, "regime_survival": 0.0, "best_return": 0.172483, "worst_return": -0.095947, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-30", "end": "2024-09-20", "tenure": "New", "return": 0.001218, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-12-13", "tenure": "Developing", "return": 0.041319, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-03-21", "tenure": "Established", "return": -0.100523, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.00033, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.209249, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": 0.01048, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-27", "end": "2025-08-15", "tenure": "Developing", "return": 0.271318, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-12-26", "tenure": "Established", "return": 0.177211, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.053737, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-02-27", "tenure": "Developing", "return": -0.046512, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": -0.053784, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.083278, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-07-03", "tenure": "Developing", "return": 0.234654, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.032988, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 64.04, "volume": 6796775, "typical_volume": 8723174.35, "trend": 69.448667, "fair_value": 76.522147, "relative_strength": -24.472248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.191176, "energy": 19.839348, "activity_lines": [ 64.342667, 63.66, 63.888524, 65.921183 ] }, { "date": "2023-08-25", "close": 63.86, "volume": 5945480, "typical_volume": 8744065.8, "trend": 68.720667, "fair_value": 76.329583, "relative_strength": -25.547995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.208897, "energy": 14.994774, "activity_lines": [ 64.24, 63.769091, 63.71719, 65.560624 ] }, { "date": "2023-09-01", "close": 64.69, "volume": 6875982, "typical_volume": 8812193.6, "trend": 68.09, "fair_value": 76.164199, "relative_strength": -26.883583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.050838, "energy": 14.392299, "activity_lines": [ 64.433333, 64.017636, 63.680381, 65.300581 ] }, { "date": "2023-09-08", "close": 63.98, "volume": 7704827, "typical_volume": 8574053.55, "trend": 67.580667, "fair_value": 76.010224, "relative_strength": -26.320202, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.56167, "energy": 15.457085, "activity_lines": [ 64.283333, 64.096364, 63.622667, 65.035419 ] }, { "date": "2023-09-15", "close": 62.55, "volume": 8856521, "typical_volume": 8661548.05, "trend": 67.032333, "fair_value": 75.85484, "relative_strength": -27.197145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.954, "energy": 25.974644, "activity_lines": [ 63.633333, 63.883636, 63.479286, 64.71086 ] }, { "date": "2023-09-22", "close": 58.1, "volume": 12933868, "typical_volume": 8659002.8, "trend": 66.401667, "fair_value": 75.672468, "relative_strength": -29.561606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.56668, "energy": 56.769016, "activity_lines": [ 61.725333, 62.853091, 62.968571, 64.134581 ] }, { "date": "2023-09-29", "close": 57.77, "volume": 6718137, "typical_volume": 8619438.7, "trend": 65.742, "fair_value": 75.473878, "relative_strength": -29.503817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.387309, "energy": 78.025974, "activity_lines": [ 60.103333, 61.829091, 62.466714, 63.577699 ] }, { "date": "2023-10-06", "close": 57.33, "volume": 8389085, "typical_volume": 8682785.7, "trend": 65.252667, "fair_value": 75.22766, "relative_strength": -30.698582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.613478, "energy": 83.314441, "activity_lines": [ 58.740667, 60.841091, 61.958714, 63.034989 ] }, { "date": "2023-10-13", "close": 57.61, "volume": 7655102, "typical_volume": 8681896.8, "trend": 64.719, "fair_value": 75.015994, "relative_strength": -29.821533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.834195, "energy": 83.155575, "activity_lines": [ 57.962, 60.008727, 61.507095, 62.541914 ] }, { "date": "2023-10-20", "close": 55.13, "volume": 7563073, "typical_volume": 8587475.4, "trend": 64.215667, "fair_value": 74.794455, "relative_strength": -30.207516, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.769593, "energy": 89.454448, "activity_lines": [ 56.781333, 58.834909, 60.842952, 61.923269 ] }, { "date": "2023-10-27", "close": 52.54, "volume": 7745832, "typical_volume": 8585794.65, "trend": 63.558, "fair_value": 74.575865, "relative_strength": -31.012449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.903864, "energy": 93.067731, "activity_lines": [ 55.232, 57.386545, 59.967429, 61.17 ] }, { "date": "2023-11-03", "close": 54.85, "volume": 12582168, "typical_volume": 8137489.4, "trend": 62.869333, "fair_value": 74.394455, "relative_strength": -31.501341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.988474, "energy": 80.083917, "activity_lines": [ 54.823333, 56.567273, 59.352381, 60.608194 ] }, { "date": "2023-11-10", "close": 52.44, "volume": 7747721, "typical_volume": 7884827.8, "trend": 62.134, "fair_value": 74.201571, "relative_strength": -35.606051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.457365, "energy": 83.457728, "activity_lines": [ 53.806, 55.473636, 58.547714, 59.935333 ] }, { "date": "2023-11-17", "close": 54.27, "volume": 10224877, "typical_volume": 7950676.8, "trend": 61.456667, "fair_value": 74.024263, "relative_strength": -33.892687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.151968, "energy": 61.91709, "activity_lines": [ 53.724667, 54.935455, 57.965, 59.427978 ] }, { "date": "2023-11-24", "close": 53.74, "volume": 4543218, "typical_volume": 7948623.6, "trend": 60.767667, "fair_value": 73.835096, "relative_strength": -34.309699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.277342, "energy": 56.506509, "activity_lines": [ 53.689333, 54.477455, 57.36981, 58.930129 ] }, { "date": "2023-12-01", "close": 54.02, "volume": 10429233, "typical_volume": 8146297.6, "trend": 60.349667, "fair_value": 73.648429, "relative_strength": -33.136865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.652715, "energy": 51.680994, "activity_lines": [ 53.84, 54.230545, 56.840952, 58.494796 ] }, { "date": "2023-12-08", "close": 54.7, "volume": 7428524, "typical_volume": 8138750.5, "trend": 59.997, "fair_value": 73.477917, "relative_strength": -31.701056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.41668, "energy": 43.506484, "activity_lines": [ 54.118667, 54.181455, 56.413714, 58.130301 ] }, { "date": "2023-12-15", "close": 62.3, "volume": 21837365, "typical_volume": 8909725.8, "trend": 59.954667, "fair_value": 73.310994, "relative_strength": -23.679378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.604239, "energy": 13.449335, "activity_lines": [ 56.940667, 55.57, 56.755286, 58.278882 ] }, { "date": "2023-12-22", "close": 62.85, "volume": 9067740, "typical_volume": 8898806.25, "trend": 59.963667, "fair_value": 73.153814, "relative_strength": -22.606495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.195767, "energy": 22.484166, "activity_lines": [ 59.288667, 56.968182, 57.153, 58.465677 ] }, { "date": "2023-12-29", "close": 62.79, "volume": 4551065, "typical_volume": 8779829.65, "trend": 59.972, "fair_value": 72.99875, "relative_strength": -21.799276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 33.304773, "energy": 41.060677, "activity_lines": [ 61.044667, 58.260182, 57.548714, 58.648022 ] }, { "date": "2024-01-05", "close": 65.26, "volume": 8890336, "typical_volume": 8884507.7, "trend": 60.112667, "fair_value": 72.815609, "relative_strength": -14.952168, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.244389, "energy": 49.041109, "activity_lines": [ 63.020667, 59.862, 58.194619, 58.989183 ] }, { "date": "2024-01-12", "close": 62.74, "volume": 8711701, "typical_volume": 9022818.75, "trend": 60.096333, "fair_value": 72.637276, "relative_strength": -19.703986, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.713417, "energy": 58.226777, "activity_lines": [ 63.407333, 60.774364, 58.594714, 59.158688 ] }, { "date": "2024-01-19", "close": 61.49, "volume": 4980915, "typical_volume": 8928065.4, "trend": 60.064333, "fair_value": 72.403942, "relative_strength": -22.297217, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.89312, "energy": 50.139705, "activity_lines": [ 62.841333, 61.316, 58.881095, 59.248602 ] }, { "date": "2024-01-26", "close": 60.64, "volume": 5676682, "typical_volume": 8826658.15, "trend": 60.010667, "fair_value": 72.21734, "relative_strength": -22.67405, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.408193, "energy": 27.086139, "activity_lines": [ 62.046, 61.538545, 59.101762, 59.285742 ] }, { "date": "2024-02-02", "close": 58.35, "volume": 7526797, "typical_volume": 8760171.95, "trend": 59.886667, "fair_value": 72.012917, "relative_strength": -25.419049, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -4.731909, "energy": 7.351292, "activity_lines": [ 60.634667, 61.228909, 59.120238, 59.178602 ] }, { "date": "2024-02-09", "close": 57.66, "volume": 8108978, "typical_volume": 8518927.45, "trend": 59.75, "fair_value": 71.841987, "relative_strength": -26.617042, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -9.973592, "energy": 16.050754, "activity_lines": [ 59.289333, 60.71, 59.093, 59.034946 ] }, { "date": "2024-02-16", "close": 57.96, "volume": 10510820, "typical_volume": 8708561.6, "trend": 59.543667, "fair_value": 71.697244, "relative_strength": -24.073205, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.820337, "energy": 19.869705, "activity_lines": [ 58.550667, 60.179455, 59.096429, 58.919462 ] }, { "date": "2024-02-23", "close": 60.59, "volume": 7202708, "typical_volume": 8649242.75, "trend": 59.460333, "fair_value": 71.58141, "relative_strength": -20.663488, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.683399, "energy": 12.631686, "activity_lines": [ 59.007333, 60.067818, 59.349429, 58.986968 ] }, { "date": "2024-03-01", "close": 59.05, "volume": 8397313, "typical_volume": 8686353.3, "trend": 59.307667, "fair_value": 71.445449, "relative_strength": -23.129237, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.889141, "energy": 9.846556, "activity_lines": [ 59.010667, 59.707273, 59.440238, 58.960495 ] }, { "date": "2024-03-08", "close": 60.02, "volume": 8491695, "typical_volume": 8732784.4, "trend": 59.110667, "fair_value": 71.323718, "relative_strength": -19.66696, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.059884, "energy": 4.952602, "activity_lines": [ 59.443333, 59.592182, 59.616571, 59.006452 ] }, { "date": "2024-03-15", "close": 58.37, "volume": 11216107, "typical_volume": 8906298.15, "trend": 58.921667, "fair_value": 71.189103, "relative_strength": -19.978422, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.036883, "energy": 6.724522, "activity_lines": [ 59.214667, 59.227455, 59.612476, 58.958667 ] }, { "date": "2024-03-22", "close": 56.98, "volume": 8757125, "typical_volume": 8715046.0, "trend": 58.692333, "fair_value": 71.030321, "relative_strength": -23.289637, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.137032, "energy": 14.551031, "activity_lines": [ 58.475333, 58.735273, 59.448238, 58.833398 ] }, { "date": "2024-03-29", "close": 56.97, "volume": 7225554, "typical_volume": 8688937.65, "trend": 58.435, "fair_value": 70.863397, "relative_strength": -22.006954, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.7239, "energy": 28.370629, "activity_lines": [ 57.798, 58.346, 59.272905, 58.72228 ] }, { "date": "2024-04-05", "close": 55.24, "volume": 8292910, "typical_volume": 8592339.3, "trend": 58.143667, "fair_value": 70.704936, "relative_strength": -22.741754, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.03037, "energy": 47.974829, "activity_lines": [ 56.785333, 57.724364, 58.911238, 58.516151 ] }, { "date": "2024-04-12", "close": 53.85, "volume": 6583380, "typical_volume": 8694347.4, "trend": 57.853667, "fair_value": 70.520128, "relative_strength": -23.284875, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.068378, "energy": 58.712451, "activity_lines": [ 55.563333, 56.948182, 58.412571, 58.23914 ] }, { "date": "2024-04-19", "close": 52.35, "volume": 9576963, "typical_volume": 8651733.9, "trend": 57.662, "fair_value": 70.307115, "relative_strength": -20.109653, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.616795, "energy": 69.508503, "activity_lines": [ 54.252667, 55.981091, 57.770524, 57.884065 ] }, { "date": "2024-04-26", "close": 51.68, "volume": 9146139, "typical_volume": 8737614.65, "trend": 57.459, "fair_value": 70.09109, "relative_strength": -23.072555, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.107093, "energy": 73.463256, "activity_lines": [ 53.12, 54.988727, 57.072619, 57.498129 ] }, { "date": "2024-05-03", "close": 53.76, "volume": 14860658, "typical_volume": 8388779.3, "trend": 57.34, "fair_value": 69.905321, "relative_strength": -19.969626, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.068276, "energy": 75.196337, "activity_lines": [ 53.034, 54.488727, 56.58719, 57.259484 ] }, { "date": "2024-05-10", "close": 53.06, "volume": 9060251, "typical_volume": 8388404.85, "trend": 57.188333, "fair_value": 69.715833, "relative_strength": -21.382219, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.369728, "energy": 70.934535, "activity_lines": [ 52.928667, 53.985636, 56.075762, 56.983355 ] }, { "date": "2024-05-17", "close": 57.1, "volume": 18028624, "typical_volume": 9062282.8, "trend": 57.254, "fair_value": 69.551346, "relative_strength": -16.542406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.304626, "energy": 37.554109, "activity_lines": [ 54.315333, 54.326, 55.995714, 56.977656 ] }, { "date": "2024-05-24", "close": 57.31, "volume": 10644042, "typical_volume": 9149968.1, "trend": 57.413, "fair_value": 69.381667, "relative_strength": -16.779372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.148643, "energy": 19.990622, "activity_lines": [ 55.555333, 54.757636, 55.962762, 56.981269 ] }, { "date": "2024-05-31", "close": 57.79, "volume": 13771795, "typical_volume": 9402972.8, "trend": 57.511, "fair_value": 69.217949, "relative_strength": -14.193379, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.910145, "energy": 21.705741, "activity_lines": [ 56.624667, 55.295818, 56.013381, 57.005591 ] }, { "date": "2024-06-07", "close": 59.16, "volume": 38323809, "typical_volume": 11070117.5, "trend": 57.735, "fair_value": 69.067821, "relative_strength": -13.979254, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 19.425829, "energy": 30.315216, "activity_lines": [ 57.743333, 56.068364, 56.218048, 57.111978 ] }, { "date": "2024-06-14", "close": 62.11, "volume": 36825036, "typical_volume": 12627535.2, "trend": 57.996333, "fair_value": 68.927756, "relative_strength": -12.255829, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.65327, "energy": 50.43931, "activity_lines": [ 59.485333, 57.337455, 56.714762, 57.394237 ] }, { "date": "2024-06-21", "close": 63.22, "volume": 24435999, "typical_volume": 13472995.3, "trend": 58.312333, "fair_value": 68.77641, "relative_strength": -10.387603, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.23672, "energy": 66.558124, "activity_lines": [ 60.994, 58.683455, 57.31019, 57.731247 ] }, { "date": "2024-06-28", "close": 60.62, "volume": 19336177, "typical_volume": 14034355.25, "trend": 58.532333, "fair_value": 68.629231, "relative_strength": -13.531745, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.961751, "energy": 58.083311, "activity_lines": [ 61.228, 59.386364, 57.63481, 57.880129 ] }, { "date": "2024-07-05", "close": 57.33, "volume": 8993023, "typical_volume": 13958465.4, "trend": 58.62, "fair_value": 68.470833, "relative_strength": -20.458715, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.066271, "energy": 36.087818, "activity_lines": [ 60.144667, 59.340727, 57.632, 57.802559 ] }, { "date": "2024-07-12", "close": 63.66, "volume": 11806815, "typical_volume": 14188670.75, "trend": 58.665333, "fair_value": 68.376795, "relative_strength": -11.020161, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.169587, "energy": 38.093098, "activity_lines": [ 61.202, 60.343273, 58.235048, 58.12772 ] }, { "date": "2024-07-19", "close": 65.87, "volume": 8477665, "typical_volume": 14192688.35, "trend": 58.766, "fair_value": 68.290705, "relative_strength": -3.710738, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.392367, "energy": 41.98972, "activity_lines": [ 62.696, 61.567636, 59.033952, 58.592538 ] }, { "date": "2024-07-26", "close": 68.61, "volume": 10276699, "typical_volume": 14281938.55, "trend": 58.96, "fair_value": 68.234679, "relative_strength": 3.193405, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.306009, "energy": 69.711003, "activity_lines": [ 64.852667, 63.057273, 60.061333, 59.227634 ] }, { "date": "2024-08-02", "close": 64.47, "volume": 14258760, "typical_volume": 14434071.2, "trend": 58.933667, "fair_value": 68.158846, "relative_strength": 0.423141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.64338, "energy": 71.23969, "activity_lines": [ 65.27, 63.584909, 60.653524, 59.583118 ] }, { "date": "2024-08-09", "close": 61.08, "volume": 10557110, "typical_volume": 14524070.45, "trend": 58.878333, "fair_value": 68.079423, "relative_strength": -4.62273, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.642573, "energy": 54.286485, "activity_lines": [ 64.300667, 63.366, 60.89381, 59.721591 ] }, { "date": "2024-08-16", "close": 62.16, "volume": 8241751, "typical_volume": 14574880.3, "trend": 58.900667, "fair_value": 67.997756, "relative_strength": -7.350447, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.568433, "energy": 38.511813, "activity_lines": [ 63.441333, 63.283636, 61.217429, 59.933312 ] }, { "date": "2024-08-23", "close": 64.14, "volume": 8679508, "typical_volume": 14594210.2, "trend": 59.017333, "fair_value": 67.923782, "relative_strength": -4.831723, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.653805, "energy": 26.322596, "activity_lines": [ 63.342, 63.506727, 61.704905, 60.271333 ] }, { "date": "2024-08-30", "close": 65.66, "volume": 8835149, "typical_volume": 14706798.65, "trend": 59.261, "fair_value": 67.856923, "relative_strength": -1.34533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.219665, "energy": 28.175769, "activity_lines": [ 63.864667, 63.969273, 62.294762, 60.699892 ] }, { "date": "2024-09-06", "close": 61.26, "volume": 8065713, "typical_volume": 14631236.15, "trend": 59.381, "fair_value": 67.793718, "relative_strength": -1.807105, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.603912, "energy": 21.533923, "activity_lines": [ 63.117333, 63.587455, 62.409333, 60.82886 ] }, { "date": "2024-09-13", "close": 63.56, "volume": 8526304, "typical_volume": 14600244.4, "trend": 59.567667, "fair_value": 67.714038, "relative_strength": -3.349334, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.377938, "energy": 23.7387, "activity_lines": [ 63.350667, 63.612182, 62.700524, 61.098473 ] }, { "date": "2024-09-20", "close": 65.74, "volume": 16124054, "typical_volume": 14663414.2, "trend": 59.739333, "fair_value": 67.693141, "relative_strength": -1.135223, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.484241, "energy": 32.512222, "activity_lines": [ 64.145333, 63.92, 63.142762, 61.496688 ] }, { "date": "2024-09-27", "close": 65.83, "volume": 9226927, "typical_volume": 14671748.0, "trend": 59.965333, "fair_value": 67.677885, "relative_strength": -1.642308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.023652, "energy": 31.789852, "activity_lines": [ 64.731333, 64.206364, 63.536524, 61.889634 ] }, { "date": "2024-10-04", "close": 67.49, "volume": 8371269, "typical_volume": 14188880.25, "trend": 60.214333, "fair_value": 67.688141, "relative_strength": 0.999409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.65898, "energy": 49.174903, "activity_lines": [ 65.758, 64.795273, 64.027571, 62.375097 ] }, { "date": "2024-10-11", "close": 66.12, "volume": 6251446, "typical_volume": 13969250.45, "trend": 60.472667, "fair_value": 67.691731, "relative_strength": -1.921423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.028997, "energy": 51.901571, "activity_lines": [ 66.206, 65.155455, 64.338667, 62.756108 ] }, { "date": "2024-10-18", "close": 66.39, "volume": 4882234, "typical_volume": 13524772.4, "trend": 60.786333, "fair_value": 67.695577, "relative_strength": -1.433058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.74881, "energy": 49.706991, "activity_lines": [ 66.42, 65.534727, 64.633524, 63.137871 ] }, { "date": "2024-10-25", "close": 65.07, "volume": 5123363, "typical_volume": 11864750.1, "trend": 61.056333, "fair_value": 67.683333, "relative_strength": -3.260523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.148051, "energy": 40.140409, "activity_lines": [ 66.005333, 65.577455, 64.761714, 63.414237 ] }, { "date": "2024-11-01", "close": 76.13, "volume": 13384382, "typical_volume": 10692717.4, "trend": 61.752667, "fair_value": 67.736346, "relative_strength": 14.916817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.031929, "energy": 73.491735, "activity_lines": [ 69.322, 67.578182, 65.915095, 64.386731 ] }, { "date": "2024-11-08", "close": 83.38, "volume": 13879663, "typical_volume": 10164900.6, "trend": 62.737, "fair_value": 67.850256, "relative_strength": 18.941019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.191897, "energy": 92.477428, "activity_lines": [ 74.368667, 70.679091, 67.69219, 65.782043 ] }, { "date": "2024-11-15", "close": 75.87, "volume": 11015857, "typical_volume": 9748884.6, "trend": 63.521, "fair_value": 67.923077, "relative_strength": 11.880024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.030897, "energy": 81.533464, "activity_lines": [ 75.852667, 72.092364, 68.658048, 66.629333 ] }, { "date": "2024-11-22", "close": 71.72, "volume": 18706988, "typical_volume": 10234582.85, "trend": 64.189, "fair_value": 67.944487, "relative_strength": 3.790255, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.737316, "energy": 75.334738, "activity_lines": [ 75.303333, 72.485455, 69.156048, 67.158301 ] }, { "date": "2024-11-29", "close": 74.59, "volume": 6774997, "typical_volume": 9982991.95, "trend": 64.883333, "fair_value": 68.000962, "relative_strength": 7.004015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.326973, "energy": 56.141246, "activity_lines": [ 75.355333, 73.252, 69.858857, 67.829333 ] }, { "date": "2024-12-06", "close": 75.92, "volume": 9103074, "typical_volume": 10014262.4, "trend": 65.645333, "fair_value": 68.068397, "relative_strength": 5.393168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.183914, "energy": 45.160426, "activity_lines": [ 75.216, 74.099455, 70.636286, 68.541376 ] }, { "date": "2024-12-13", "close": 68.55, "volume": 8747506, "typical_volume": 9937802.75, "trend": 66.027, "fair_value": 68.040577, "relative_strength": -5.224205, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.156064, "energy": 23.753219, "activity_lines": [ 72.634, 73.423455, 70.663952, 68.728774 ] }, { "date": "2024-12-20", "close": 68.84, "volume": 15539083, "typical_volume": 10001818.9, "trend": 66.411333, "fair_value": 68.010897, "relative_strength": -2.343087, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.574582, "energy": 17.996851, "activity_lines": [ 71.137333, 72.780909, 70.719524, 68.910258 ] }, { "date": "2024-12-27", "close": 69.23, "volume": 3737900, "typical_volume": 9660858.4, "trend": 66.792667, "fair_value": 67.984167, "relative_strength": -2.378166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.045518, "energy": 19.55477, "activity_lines": [ 70.239333, 72.159818, 70.791429, 69.092108 ] }, { "date": "2025-01-03", "close": 69.63, "volume": 4440563, "typical_volume": 9470799.0, "trend": 67.141667, "fair_value": 67.961346, "relative_strength": -0.621319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.963518, "energy": 20.77991, "activity_lines": [ 69.640667, 71.559818, 70.862619, 69.275161 ] }, { "date": "2025-01-10", "close": 70.54, "volume": 7401763, "typical_volume": 9406911.75, "trend": 67.422667, "fair_value": 67.933526, "relative_strength": 3.158883, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.430124, "energy": 15.969976, "activity_lines": [ 69.676, 71.042364, 70.984905, 69.494409 ] }, { "date": "2025-01-17", "close": 71.93, "volume": 6413256, "typical_volume": 9285817.1, "trend": 67.713, "fair_value": 67.915192, "relative_strength": 2.389478, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.514893, "energy": 10.367537, "activity_lines": [ 70.533333, 70.879273, 71.209095, 69.785204 ] }, { "date": "2025-01-24", "close": 72.59, "volume": 5350972, "typical_volume": 9150080.05, "trend": 68.112, "fair_value": 67.904679, "relative_strength": 1.88967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.103781, "energy": 16.408598, "activity_lines": [ 71.385333, 71.044364, 71.466286, 70.099849 ] }, { "date": "2025-01-31", "close": 74.16, "volume": 5914950, "typical_volume": 9019512.35, "trend": 68.673, "fair_value": 67.914103, "relative_strength": 5.478243, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.245058, "energy": 25.502237, "activity_lines": [ 72.510667, 71.554545, 71.819048, 70.490043 ] }, { "date": "2025-02-07", "close": 74.13, "volume": 7872857, "typical_volume": 8606952.5, "trend": 69.022, "fair_value": 67.961346, "relative_strength": 5.172581, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.961796, "energy": 38.28945, "activity_lines": [ 73.297333, 72.014909, 72.118476, 70.842108 ] }, { "date": "2025-02-14", "close": 70.42, "volume": 13838856, "typical_volume": 8837548.95, "trend": 69.173667, "fair_value": 67.973462, "relative_strength": -2.855378, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 34.477164, "energy": 25.648586, "activity_lines": [ 72.547333, 71.809091, 72.024619, 70.932301 ] }, { "date": "2025-02-21", "close": 72.11, "volume": 5806630, "typical_volume": 8709317.0, "trend": 69.290333, "fair_value": 67.997115, "relative_strength": 1.794208, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 36.346287, "energy": 23.865453, "activity_lines": [ 72.368667, 72.010545, 72.069857, 71.121742 ] }, { "date": "2025-02-28", "close": 73.5, "volume": 7522520, "typical_volume": 8772870.7, "trend": 69.591333, "fair_value": 68.019231, "relative_strength": 7.239588, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.497404, "energy": 23.760442, "activity_lines": [ 72.641333, 72.4, 72.225476, 71.393333 ] }, { "date": "2025-03-07", "close": 70.79, "volume": 9273612, "typical_volume": 8992439.6, "trend": 69.915, "fair_value": 67.999038, "relative_strength": 6.628107, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.398621, "energy": 11.313351, "activity_lines": [ 71.95, 72.212, 72.087857, 71.470667 ] }, { "date": "2025-03-14", "close": 67.86, "volume": 6848401, "typical_volume": 9078691.5, "trend": 70.105, "fair_value": 67.951987, "relative_strength": 4.707769, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.321476, "energy": 6.953516, "activity_lines": [ 70.506667, 71.462909, 71.650238, 71.338086 ] }, { "date": "2025-03-21", "close": 61.92, "volume": 17554918, "typical_volume": 9287218.3, "trend": 70.031, "fair_value": 67.845962, "relative_strength": -4.69938, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -49.287893, "energy": 51.244092, "activity_lines": [ 67.501333, 69.666, 70.633619, 70.810022 ] }, { "date": "2025-03-28", "close": 60.6, "volume": 9432445, "typical_volume": 9064857.4, "trend": 69.862333, "fair_value": 67.721987, "relative_strength": -4.50535, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.062689, "energy": 67.123935, "activity_lines": [ 64.622667, 67.785818, 69.558952, 70.20157 ] }, { "date": "2025-04-04", "close": 60.58, "volume": 11901986, "typical_volume": 9109163.85, "trend": 69.839667, "fair_value": 67.577115, "relative_strength": 5.656002, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.997897, "energy": 79.912485, "activity_lines": [ 62.504667, 66.108, 68.590857, 69.60271 ] }, { "date": "2025-04-11", "close": 56.87, "volume": 14057367, "typical_volume": 8876682.8, "trend": 69.616667, "fair_value": 67.417692, "relative_strength": -7.760581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.688288, "energy": 86.539718, "activity_lines": [ 60.011333, 63.974, 67.342238, 68.765957 ] }, { "date": "2025-04-18", "close": 58.21, "volume": 6206104, "typical_volume": 8848238.15, "trend": 69.365667, "fair_value": 67.299936, "relative_strength": -3.452974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.102104, "energy": 83.110252, "activity_lines": [ 58.892667, 62.398, 66.291952, 68.030043 ] }, { "date": "2025-04-25", "close": 59.16, "volume": 7934003, "typical_volume": 8789784.6, "trend": 69.143333, "fair_value": 67.198654, "relative_strength": -7.846215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.658743, "energy": 75.864186, "activity_lines": [ 58.734, 61.284182, 65.410143, 67.371613 ] }, { "date": "2025-05-02", "close": 62.53, "volume": 11930557, "typical_volume": 8948937.15, "trend": 68.978, "fair_value": 67.117436, "relative_strength": -5.888204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.060638, "energy": 51.374982, "activity_lines": [ 59.882667, 60.987818, 64.929095, 66.944946 ] }, { "date": "2025-05-09", "close": 58.98, "volume": 9436522, "typical_volume": 8643809.1, "trend": 68.74, "fair_value": 67.015385, "relative_strength": -11.076124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.325061, "energy": 46.677777, "activity_lines": [ 59.719333, 60.220182, 64.138619, 66.299914 ] }, { "date": "2025-05-16", "close": 63.31, "volume": 8738119, "typical_volume": 8893820.05, "trend": 68.637333, "fair_value": 66.941218, "relative_strength": -10.613734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.391867, "energy": 32.542476, "activity_lines": [ 61.106, 60.503818, 63.807476, 65.949591 ] }, { "date": "2025-05-23", "close": 64.245, "volume": 7670153, "typical_volume": 9055299.55, "trend": 68.609833, "fair_value": 66.858237, "relative_strength": -7.111412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.896729, "energy": 22.176465, "activity_lines": [ 62.375, 61.093455, 63.593571, 65.666215 ] }, { "date": "2025-05-30", "close": 65.06, "volume": 7958406, "typical_volume": 9083131.7, "trend": 68.240833, "fair_value": 66.801186, "relative_strength": -7.673603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.469343, "energy": 21.079085, "activity_lines": [ 63.513333, 61.897, 63.482929, 65.437194 ] }, { "date": "2025-06-06", "close": 68.77, "volume": 12232157, "typical_volume": 9374076.75, "trend": 67.753833, "fair_value": 66.790737, "relative_strength": -4.415953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.129235, "energy": 17.894669, "activity_lines": [ 65.495, 63.318, 63.751714, 65.471333 ] }, { "date": "2025-06-13", "close": 67.75, "volume": 9454579, "typical_volume": 9579257.1, "trend": 67.483167, "fair_value": 66.768173, "relative_strength": -5.280103, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.45527, "energy": 19.401804, "activity_lines": [ 66.720667, 64.405, 63.938405, 65.471086 ] }, { "date": "2025-06-20", "close": 68.46, "volume": 9338905, "typical_volume": 9750454.85, "trend": 67.3745, "fair_value": 66.705801, "relative_strength": -4.229765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.234082, "energy": 31.043507, "activity_lines": [ 67.598333, 65.490727, 64.215762, 65.534108 ] }, { "date": "2025-06-27", "close": 68.37, "volume": 10565912, "typical_volume": 9885107.6, "trend": 67.167167, "fair_value": 66.646186, "relative_strength": -8.135359, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.368131, "energy": 33.877745, "activity_lines": [ 68.102667, 66.349364, 64.51169, 65.598333 ] }, { "date": "2025-07-04", "close": 68.45, "volume": 6631008, "typical_volume": 9524715.2, "trend": 66.918167, "fair_value": 66.569071, "relative_strength": -9.460279, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.256179, "energy": 41.455402, "activity_lines": [ 68.358667, 67.037818, 64.842667, 65.681097 ] }, { "date": "2025-07-11", "close": 68.59, "volume": 7501459, "typical_volume": 9609456.65, "trend": 66.9195, "fair_value": 66.495737, "relative_strength": -8.872129, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.112075, "energy": 36.393861, "activity_lines": [ 68.435333, 67.582818, 65.196357, 65.788957 ] }, { "date": "2025-07-18", "close": 67.86, "volume": 6404991, "typical_volume": 9553580.2, "trend": 66.886833, "fair_value": 66.412147, "relative_strength": -10.742641, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.290706, "energy": 22.322334, "activity_lines": [ 68.280667, 67.884909, 65.497286, 65.849634 ] }, { "date": "2025-07-25", "close": 70.2, "volume": 7046820, "typical_volume": 9442240.6, "trend": 66.919167, "fair_value": 66.364199, "relative_strength": -8.170986, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.660699, "energy": 25.497701, "activity_lines": [ 68.898667, 68.451, 66.047929, 66.063387 ] }, { "date": "2025-08-01", "close": 75.59, "volume": 12585189, "typical_volume": 9729080.0, "trend": 67.117833, "fair_value": 66.386186, "relative_strength": 1.224727, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.273542, "energy": 52.225185, "activity_lines": [ 71.197333, 69.871818, 67.114714, 66.622796 ] }, { "date": "2025-08-08", "close": 78.39, "volume": 7962997, "typical_volume": 9249483.95, "trend": 67.3795, "fair_value": 66.414391, "relative_strength": 1.196713, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.704936, "energy": 72.56329, "activity_lines": [ 73.948, 71.595455, 68.411357, 67.350032 ] }, { "date": "2025-08-15", "close": 86.92, "volume": 10730524, "typical_volume": 9314387.9, "trend": 67.879167, "fair_value": 66.49375, "relative_strength": 11.364882, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 94.337722, "energy": 96.341978, "activity_lines": [ 78.879333, 74.627636, 70.441952, 68.61071 ] }, { "date": "2025-08-22", "close": 85.04, "volume": 7712515, "typical_volume": 9104914.35, "trend": 68.294167, "fair_value": 66.580673, "relative_strength": 9.755709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.409937, "energy": 93.510164, "activity_lines": [ 81.962, 76.988, 72.168167, 69.71786 ] }, { "date": "2025-08-29", "close": 84.61, "volume": 7778461, "typical_volume": 8790969.05, "trend": 68.6425, "fair_value": 66.672981, "relative_strength": 9.35069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.196425, "energy": 90.359967, "activity_lines": [ 83.756, 78.955818, 73.736952, 70.770495 ] }, { "date": "2025-09-05", "close": 86.64, "volume": 7815124, "typical_volume": 8871420.05, "trend": 69.0595, "fair_value": 66.765545, "relative_strength": 10.668431, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.505724, "energy": 91.63167, "activity_lines": [ 85.266, 80.999091, 75.366976, 71.931624 ] }, { "date": "2025-09-12", "close": 83.1, "volume": 8452884, "typical_volume": 8897364.1, "trend": 69.482167, "fair_value": 66.857019, "relative_strength": 4.122848, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.74298, "energy": 83.404285, "activity_lines": [ 84.859333, 82.066545, 76.524476, 72.837462 ] }, { "date": "2025-09-19", "close": 86.53, "volume": 11825384, "typical_volume": 8892105.45, "trend": 69.962833, "fair_value": 66.982917, "relative_strength": 6.01489, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.026109, "energy": 68.015385, "activity_lines": [ 85.282, 83.491273, 77.894643, 73.937323 ] }, { "date": "2025-09-26", "close": 82.7, "volume": 7230845, "typical_volume": 8781821.6, "trend": 70.2695, "fair_value": 67.085865, "relative_strength": 1.739614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.217344, "energy": 61.274899, "activity_lines": [ 84.454, 83.893455, 78.785762, 74.759075 ] }, { "date": "2025-10-03", "close": 86.85, "volume": 7537827, "typical_volume": 8721807.0, "trend": 70.804833, "fair_value": 67.204006, "relative_strength": 5.497143, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.559067, "energy": 59.810583, "activity_lines": [ 85.165333, 84.780364, 79.959167, 75.828785 ] }, { "date": "2025-10-10", "close": 83.8, "volume": 7729686, "typical_volume": 8724783.65, "trend": 71.336167, "fair_value": 67.298237, "relative_strength": 4.045712, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.229546, "energy": 48.242961, "activity_lines": [ 84.710667, 84.81, 80.73, 76.667183 ] }, { "date": "2025-10-17", "close": 87.57, "volume": 10251736, "typical_volume": 8839450.15, "trend": 72.191167, "fair_value": 67.407147, "relative_strength": 5.979207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.114443, "energy": 49.8932, "activity_lines": [ 85.702, 85.375818, 81.766762, 77.714527 ] }, { "date": "2025-10-24", "close": 91.28, "volume": 9089637, "typical_volume": 8682324.15, "trend": 73.213833, "fair_value": 67.514071, "relative_strength": 7.871243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.283904, "energy": 56.907149, "activity_lines": [ 87.632, 86.449273, 83.049667, 78.946065 ] }, { "date": "2025-10-31", "close": 93.48, "volume": 19031715, "typical_volume": 9161180.95, "trend": 74.3105, "fair_value": 67.617788, "relative_strength": 8.497164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.446741, "energy": 59.782817, "activity_lines": [ 89.978667, 87.843455, 84.434905, 80.253559 ] }, { "date": "2025-11-07", "close": 105.98, "volume": 16910882, "typical_volume": 9539779.8, "trend": 75.9475, "fair_value": 67.80016, "relative_strength": 26.713069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.027779, "energy": 84.57345, "activity_lines": [ 95.773333, 91.356909, 86.888095, 82.296753 ] }, { "date": "2025-11-14", "close": 104.15, "volume": 10591186, "typical_volume": 9541043.5, "trend": 77.478833, "fair_value": 67.971314, "relative_strength": 24.400617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.207426, "energy": 92.07184, "activity_lines": [ 99.682667, 94.149091, 88.988333, 84.116269 ] }, { "date": "2025-11-21", "close": 102.06, "volume": 10373720, "typical_volume": 9728179.1, "trend": 78.908833, "fair_value": 68.123878, "relative_strength": 25.253443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.80707, "energy": 87.247833, "activity_lines": [ 101.538667, 96.242909, 90.719143, 85.702151 ] }, { "date": "2025-11-28", "close": 104.46, "volume": 6698400, "typical_volume": 9688026.15, "trend": 80.3065, "fair_value": 68.260609, "relative_strength": 21.791932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.188373, "energy": 86.4553, "activity_lines": [ 103.228667, 98.428364, 92.518476, 87.350613 ] }, { "date": "2025-12-05", "close": 102.52, "volume": 11014135, "typical_volume": 9918483.35, "trend": 81.757833, "fair_value": 68.389968, "relative_strength": 18.029191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.346705, "energy": 63.571215, "activity_lines": [ 103.393333, 99.935091, 93.962238, 88.783742 ] }, { "date": "2025-12-12", "close": 95.41, "volume": 12260197, "typical_volume": 10179152.2, "trend": 82.827833, "fair_value": 68.475737, "relative_strength": 11.571293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.25826, "energy": 50.104322, "activity_lines": [ 100.585333, 99.788727, 94.56381, 89.664527 ] }, { "date": "2025-12-19", "close": 102.69, "volume": 14133980, "typical_volume": 10256591.75, "trend": 84.109333, "fair_value": 68.612468, "relative_strength": 18.875808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.004412, "energy": 47.004918, "activity_lines": [ 100.908667, 100.810364, 95.738667, 90.945957 ] }, { "date": "2025-12-26", "close": 100.11, "volume": 4422818, "typical_volume": 10079582.8, "trend": 85.277667, "fair_value": 68.739327, "relative_strength": 14.044451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.267559, "energy": 35.092092, "activity_lines": [ 100.469333, 101.019455, 96.538762, 91.978258 ] }, { "date": "2026-01-02", "close": 101.42, "volume": 6358758, "typical_volume": 9860994.5, "trend": 86.366, "fair_value": 68.871058, "relative_strength": 17.078673, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.317613, "energy": 31.981869, "activity_lines": [ 100.596667, 101.238727, 97.36019, 93.019699 ] }, { "date": "2026-01-09", "close": 106.87, "volume": 14386009, "typical_volume": 10194669.2, "trend": 87.67, "fair_value": 69.037981, "relative_strength": 20.203101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.155679, "energy": 44.997956, "activity_lines": [ 102.743333, 102.264545, 98.631619, 94.342538 ] }, { "date": "2026-01-16", "close": 106.21, "volume": 9199055, "typical_volume": 10265698.9, "trend": 88.928333, "fair_value": 69.185481, "relative_strength": 19.970291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.020684, "energy": 45.437503, "activity_lines": [ 104.38, 102.926909, 99.736238, 95.538667 ] }, { "date": "2026-01-23", "close": 101.99, "volume": 7375942, "typical_volume": 10243739.8, "trend": 90.049, "fair_value": 69.289904, "relative_strength": 14.531038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.028931, "energy": 41.159003, "activity_lines": [ 103.89, 102.817818, 100.336095, 96.381355 ] }, { "date": "2026-01-30", "close": 100.07, "volume": 7882206, "typical_volume": 10215205.9, "trend": 91.103, "fair_value": 69.395417, "relative_strength": 12.253566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.38239, "energy": 36.462919, "activity_lines": [ 102.806667, 102.398909, 100.68, 97.027871 ] }, { "date": "2026-02-06", "close": 108.39, "volume": 9279527, "typical_volume": 10087913.05, "trend": 92.429667, "fair_value": 69.582147, "relative_strength": 23.438801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.817909, "energy": 43.066738, "activity_lines": [ 104.499333, 103.528909, 101.735476, 98.143161 ] }, { "date": "2026-02-13", "close": 101.1, "volume": 12460055, "typical_volume": 10349373.55, "trend": 93.537667, "fair_value": 69.723814, "relative_strength": 16.050478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.125173, "energy": 27.722093, "activity_lines": [ 103.297333, 103.262, 101.992571, 98.702538 ] }, { "date": "2026-02-20", "close": 101.32, "volume": 6482335, "typical_volume": 10296598.95, "trend": 94.575, "fair_value": 69.879583, "relative_strength": 14.550493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.774648, "energy": 21.649289, "activity_lines": [ 102.553333, 103.060909, 102.183, 99.204624 ] }, { "date": "2026-02-27", "close": 101.27, "volume": 9101819, "typical_volume": 10365205.6, "trend": 95.431, "fair_value": 70.031571, "relative_strength": 14.456389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.059497, "energy": 20.047612, "activity_lines": [ 102.118667, 102.743273, 102.299762, 99.636559 ] }, { "date": "2026-03-06", "close": 95.94, "volume": 7532760, "typical_volume": 10229256.8, "trend": 96.016, "fair_value": 70.184968, "relative_strength": 9.574267, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.206362, "energy": 9.140437, "activity_lines": [ 99.955333, 101.482364, 101.825714, 99.669398 ] }, { "date": "2026-03-13", "close": 92.54, "volume": 8426823, "typical_volume": 10196116.1, "trend": 96.203333, "fair_value": 70.30625, "relative_strength": 6.572468, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.634876, "energy": 18.532543, "activity_lines": [ 96.934, 99.679091, 100.988, 99.44514 ] }, { "date": "2026-03-20", "close": 90.78, "volume": 10779559, "typical_volume": 9783508.3, "trend": 96.394667, "fair_value": 70.437981, "relative_strength": 6.268982, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.329477, "energy": 45.705782, "activity_lines": [ 94.382667, 97.717273, 99.976667, 99.095247 ] }, { "date": "2026-03-27", "close": 90.3, "volume": 6779749, "typical_volume": 9276951.65, "trend": 96.584333, "fair_value": 70.553558, "relative_strength": 8.794614, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.69272, "energy": 54.883416, "activity_lines": [ 92.359333, 95.960727, 98.932476, 98.702043 ] }, { "date": "2026-04-03", "close": 95.93, "volume": 6003250, "typical_volume": 9047554.85, "trend": 96.894, "fair_value": 70.684455, "relative_strength": 10.863391, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.635181, "energy": 51.076571, "activity_lines": [ 92.947333, 95.517091, 98.499143, 98.659828 ] }, { "date": "2026-04-10", "close": 96.07, "volume": 5780108, "typical_volume": 8817874.25, "trend": 97.326333, "fair_value": 70.822724, "relative_strength": 5.851942, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.669997, "energy": 36.644136, "activity_lines": [ 93.938, 95.209091, 98.118286, 98.606667 ] }, { "date": "2026-04-17", "close": 97.82, "volume": 7067464, "typical_volume": 8836327.45, "trend": 97.702667, "fair_value": 70.971635, "relative_strength": 1.254688, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.836639, "energy": 14.29956, "activity_lines": [ 95.503333, 95.292, 97.932619, 98.638516 ] }, { "date": "2026-04-24", "close": 94.65, "volume": 5547140, "typical_volume": 8562977.7, "trend": 98.101, "fair_value": 71.101378, "relative_strength": -4.348383, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.139188, "energy": 10.048317, "activity_lines": [ 95.66, 94.990727, 97.476667, 98.44157 ] }, { "date": "2026-05-01", "close": 96.91, "volume": 10535294, "typical_volume": 8476732.55, "trend": 98.436333, "fair_value": 71.295929, "relative_strength": -3.747179, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.329982, "energy": 18.238204, "activity_lines": [ 96.312, 95.217636, 97.273429, 98.364731 ] }, { "date": "2026-05-08", "close": 98.56, "volume": 5134874, "typical_volume": 8026777.25, "trend": 98.928333, "fair_value": 71.509263, "relative_strength": -7.41774, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.63173, "energy": 17.110731, "activity_lines": [ 97.073333, 95.824727, 97.22019, 98.37271 ] }, { "date": "2026-05-15", "close": 95.31, "volume": 7876815, "typical_volume": 8199477.1, "trend": 99.186333, "fair_value": 71.712724, "relative_strength": -10.325285, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.675245, "energy": 15.777316, "activity_lines": [ 96.576, 95.890182, 96.877095, 98.139269 ] }, { "date": "2026-05-22", "close": 97.16, "volume": 4869979, "typical_volume": 8125038.15, "trend": 99.382333, "fair_value": 71.934391, "relative_strength": -9.783223, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.203744, "energy": 14.817807, "activity_lines": [ 96.746, 96.303455, 96.733048, 98.008538 ] }, { "date": "2026-05-29", "close": 96.74, "volume": 6324123, "typical_volume": 7721943.85, "trend": 99.491, "fair_value": 72.153622, "relative_strength": -12.758727, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.620219, "energy": 13.28244, "activity_lines": [ 96.82, 96.556364, 96.569286, 97.838065 ] }, { "date": "2026-06-05", "close": 102.38, "volume": 10305731, "typical_volume": 7777277.65, "trend": 99.371, "fair_value": 72.418622, "relative_strength": -3.503188, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.957364, "energy": 6.330986, "activity_lines": [ 98.634667, 97.726364, 96.990905, 98.024452 ] }, { "date": "2026-06-12", "close": 108.53, "volume": 11755865, "typical_volume": 7996273.8, "trend": 99.517, "fair_value": 72.709006, "relative_strength": -0.288132, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.306611, "energy": 39.787101, "activity_lines": [ 102.134667, 99.794909, 98.016476, 98.615355 ] }, { "date": "2026-06-19", "close": 98.22, "volume": 10146109, "typical_volume": 8109468.95, "trend": 99.389, "fair_value": 72.938301, "relative_strength": -12.134117, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.01655, "energy": 27.097742, "activity_lines": [ 101.533333, 99.759818, 98.029, 98.531677 ] }, { "date": "2026-06-26", "close": 113.75, "volume": 11467627, "typical_volume": 8218873.95, "trend": 99.698667, "fair_value": 73.268429, "relative_strength": 6.06938, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 49.513994, "energy": 57.291842, "activity_lines": [ 105.914667, 102.509273, 99.529381, 99.458194 ] }, { "date": "2026-07-03", "close": 116.86, "volume": 7706652, "typical_volume": 7981203.8, "trend": 100.176667, "fair_value": 73.619647, "relative_strength": 7.488451, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.487884, "energy": 76.930868, "activity_lines": [ 110.226667, 105.534545, 101.300429, 100.565376 ] }, { "date": "2026-07-10", "close": 116.71, "volume": 7820859, "typical_volume": 8048130.0, "trend": 100.886667, "fair_value": 73.971891, "relative_strength": 4.955437, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.633052, "energy": 77.083667, "activity_lines": [ 113.147333, 108.128727, 102.982143, 101.632043 ] }, { "date": "2026-07-17", "close": 117.25, "volume": 7944256, "typical_volume": 7990251.85, "trend": 101.372, "fair_value": 74.312276, "relative_strength": 9.3689, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.295085, "energy": 79.640406, "activity_lines": [ 115.292667, 110.461091, 104.642, 102.687742 ] }, { "date": "2026-07-24", "close": 117.67, "volume": 6325835, "typical_volume": 7929905.6, "trend": 101.957333, "fair_value": 74.662147, "relative_strength": 10.883358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.432516, "energy": 77.556865, "activity_lines": [ 116.996667, 112.53, 106.265762, 103.739226 ] }, { "date": "2026-07-31", "close": 119.52, "volume": 16026944, "typical_volume": 8309911.65, "trend": 102.560667, "fair_value": 75.020417, "relative_strength": 11.503082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.928382, "energy": 68.892371, "activity_lines": [ 118.020667, 114.528727, 107.962238, 104.872301 ] }, { "date": "2026-08-07", "close": 120.56, "volume": 9223293, "typical_volume": 8232098.35, "trend": 103.017, "fair_value": 75.370609, "relative_strength": 6.630312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.971781, "energy": 54.681784, "activity_lines": [ 119.006667, 116.31, 109.629286, 106.033548 ] } ], "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." } } }