{ "ticker": { "uuid": "da628f4d-2836-4988-a147-f2faf9128f97", "symbol": "CCT", "name": "The Character 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": 78.831, "architecture_energy": 83.486, "architecture_maturity": 32.422, "architecture_confidence": 85.316, "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": 0.0, "rotation_up": 79.44, "upward_expansion": 96.87, "deceleration": 40.89, "rotation_down": 13.06, "downward_expansion": 18.87 }, "activity_lines": [ 307.734233, 299.343491, 285.72999, 274.102589 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 315.0, "trend_reference": 261.351353, "distance_from_trend": 0.205274, "trend_direction": "Improving", "fair_value": 271.173744, "distance_from_fair_value": 0.161617, "fair_value_direction": "Improving", "relative_strength": 8.521316, "relative_strength_direction": "Improving", "price_momentum": 0.290984, "excess_performance": 0.239748, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.205274, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047406, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.161617, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.268968, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.085213, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.200261, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.290984, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.353126, "read": "Demand-led" } ], "volume": { "latest": 28446, "relative_activity": 0.464696, "balance": 3.353126, "dry_up": 0.79422, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.050884, "annualized_volatility": 0.198767, "from_high_reference": -0.045335, "from_low_reference": 0.431818 }, "levels": { "trend_reference": 261.351353, "fair_value_reference": 271.173744, "structural_low": 220.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.010067, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.025461, "regime_survival": 0.428571, "best_return": 0.066131, "worst_return": -0.067797, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.113611, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.165675, "regime_survival": 0.0, "best_return": -0.077181, "worst_return": -0.189189, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.147958, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.14358, "regime_survival": 0.0, "best_return": -0.050057, "worst_return": -0.181106, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.228321, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.277916, "regime_survival": 0.333333, "best_return": 0.057179, "worst_return": -0.250752, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2024-11-29", "tenure": "Developing", "return": 0.007299, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-01-24", "tenure": "Developing", "return": -0.090539, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-03-14", "tenure": "Developing", "return": 0.073171, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.064394, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-20", "tenure": "Developing", "return": 0.008065, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.01515, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-07-25", "tenure": "New", "return": 0.068592, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-19", "tenure": "Developing", "return": -0.033557, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-12-12", "tenure": "Developing", "return": -0.08042, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.021008, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-05-01", "tenure": "Established", "return": 0.025128, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": 0.097561, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": 0.022359, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.101086, "active": true } ], "chart_path": [ { "date": "2023-06-30", "close": 300.533875, "volume": 11124, "typical_volume": 91679.85, "trend": 364.274174, "fair_value": 469.734937, "relative_strength": -29.493414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.959669, "energy": 75.940974, "activity_lines": [ 301.465766, 309.810384, 333.594487, 349.117077 ] }, { "date": "2023-07-07", "close": 297.538513, "volume": 79523, "typical_volume": 94141.4, "trend": 361.963955, "fair_value": 469.86745, "relative_strength": -26.609755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.518572, "energy": 66.736919, "activity_lines": [ 300.001369, 305.181202, 328.673549, 344.81155 ] }, { "date": "2023-07-14", "close": 294.62146, "volume": 62028, "typical_volume": 94550.3, "trend": 359.639686, "fair_value": 470.013242, "relative_strength": -28.149589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.68306, "energy": 62.633323, "activity_lines": [ 297.897437, 301.510247, 323.817123, 340.466873 ] }, { "date": "2023-07-21", "close": 294.62146, "volume": 54445, "typical_volume": 91769.25, "trend": 357.315418, "fair_value": 470.366892, "relative_strength": -29.348108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.243032, "energy": 59.417773, "activity_lines": [ 296.453919, 299.163086, 319.3288, 336.272149 ] }, { "date": "2023-07-28", "close": 286.631714, "volume": 19231, "typical_volume": 90158.35, "trend": 354.724824, "fair_value": 470.669326, "relative_strength": -30.726057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.483694, "energy": 61.382877, "activity_lines": [ 292.741313, 296.215041, 314.507083, 331.71191 ] }, { "date": "2023-08-04", "close": 276.644531, "volume": 41637, "typical_volume": 87002.15, "trend": 351.535134, "fair_value": 470.821398, "relative_strength": -31.146765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.868559, "energy": 65.574769, "activity_lines": [ 286.693022, 292.230367, 309.140355, 326.674472 ] }, { "date": "2023-08-11", "close": 274.647156, "volume": 38757, "typical_volume": 87689.35, "trend": 347.297283, "fair_value": 470.60571, "relative_strength": -30.446152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.830457, "energy": 80.462658, "activity_lines": [ 281.571562, 288.353192, 304.025223, 321.713957 ] }, { "date": "2023-08-18", "close": 259.666382, "volume": 35177, "typical_volume": 84478.95, "trend": 341.64504, "fair_value": 470.207651, "relative_strength": -30.938315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.174437, "energy": 92.521847, "activity_lines": [ 272.982601, 282.259214, 297.946569, 316.060351 ] }, { "date": "2023-09-08", "close": 266.657379, "volume": 77349, "typical_volume": 86761.1, "trend": 336.142644, "fair_value": 469.800043, "relative_strength": -30.219582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.702187, "energy": 89.451393, "activity_lines": [ 269.054311, 278.251986, 293.092053, 311.222437 ] }, { "date": "2023-09-15", "close": 275.645813, "volume": 43814, "typical_volume": 84284.7, "trend": 331.172782, "fair_value": 469.392492, "relative_strength": -29.126891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.518357, "energy": 84.461674, "activity_lines": [ 269.986438, 276.494956, 289.630503, 307.319416 ] }, { "date": "2023-09-22", "close": 264.659943, "volume": 56508, "typical_volume": 84276.3, "trend": 325.850053, "fair_value": 468.940101, "relative_strength": -30.85285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.792568, "energy": 66.732659, "activity_lines": [ 267.989002, 273.211158, 285.616802, 303.028265 ] }, { "date": "2023-09-29", "close": 266.657379, "volume": 16765, "typical_volume": 78617.3, "trend": 322.424398, "fair_value": 468.500387, "relative_strength": -28.817036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.838364, "energy": 62.518465, "activity_lines": [ 267.45635, 270.942785, 282.339769, 299.209382 ] }, { "date": "2023-10-06", "close": 274.647156, "volume": 144001, "typical_volume": 71189.55, "trend": 319.181867, "fair_value": 468.150265, "relative_strength": -24.738238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.369246, "energy": 51.973776, "activity_lines": [ 270.119609, 270.688573, 280.360592, 296.12698 ] }, { "date": "2023-10-13", "close": 269.653534, "volume": 151234, "typical_volume": 70885.25, "trend": 315.356859, "fair_value": 467.768132, "relative_strength": -26.222629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.557302, "energy": 45.2903, "activity_lines": [ 270.119609, 269.889599, 278.347655, 292.931603 ] }, { "date": "2023-10-20", "close": 267.656097, "volume": 153581, "typical_volume": 68171.6, "trend": 311.881293, "fair_value": 467.354008, "relative_strength": -23.849612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.198389, "energy": 42.308169, "activity_lines": [ 269.254053, 269.181416, 276.486471, 289.854135 ] }, { "date": "2023-10-27", "close": 264.659943, "volume": 131358, "typical_volume": 69734.95, "trend": 308.389057, "fair_value": 466.920677, "relative_strength": -22.441469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.059044, "energy": 45.743853, "activity_lines": [ 267.922426, 268.27349, 274.634381, 286.807596 ] }, { "date": "2023-11-03", "close": 264.659943, "volume": 30316, "typical_volume": 69140.85, "trend": 304.813618, "fair_value": 466.391406, "relative_strength": -22.652867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.984417, "energy": 47.536868, "activity_lines": [ 266.5908, 267.583466, 272.962628, 283.986363 ] }, { "date": "2023-11-10", "close": 263.661224, "volume": 70963, "typical_volume": 70178.65, "trend": 301.038479, "fair_value": 465.855734, "relative_strength": -21.203701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.935093, "energy": 47.178531, "activity_lines": [ 265.05943, 266.893442, 271.376096, 281.33137 ] }, { "date": "2023-11-17", "close": 259.666382, "volume": 71836, "typical_volume": 65661.15, "trend": 297.046974, "fair_value": 465.377601, "relative_strength": -22.665915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.803481, "energy": 50.80482, "activity_lines": [ 262.928841, 265.404449, 269.603705, 278.662202 ] }, { "date": "2023-11-24", "close": 252.675354, "volume": 56783, "typical_volume": 67321.5, "trend": 292.822435, "fair_value": 464.835466, "relative_strength": -23.312072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.051454, "energy": 54.588757, "activity_lines": [ 259.13372, 262.771469, 267.360109, 275.799517 ] }, { "date": "2023-12-01", "close": 252.675354, "volume": 22643, "typical_volume": 67897.45, "trend": 288.597895, "fair_value": 464.459627, "relative_strength": -22.950387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.280751, "energy": 63.37391, "activity_lines": [ 256.337315, 260.556135, 265.349166, 273.209383 ] }, { "date": "2023-12-08", "close": 260.66507, "volume": 41243, "typical_volume": 65983.45, "trend": 284.63968, "fair_value": 464.071044, "relative_strength": -20.110848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.373318, "energy": 48.719938, "activity_lines": [ 257.003121, 260.011377, 264.327045, 271.407265 ] }, { "date": "2023-12-15", "close": 287.630432, "volume": 261185, "typical_volume": 75941.3, "trend": 281.979691, "fair_value": 463.816941, "relative_strength": -11.476201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.516843, "energy": 14.242957, "activity_lines": [ 266.923706, 264.478364, 266.048642, 271.600217 ] }, { "date": "2023-12-22", "close": 290.626617, "volume": 306743, "typical_volume": 88556.2, "trend": 280.2849, "fair_value": 463.569251, "relative_strength": -11.470069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.741619, "energy": 22.453935, "activity_lines": [ 276.245072, 269.254052, 268.088881, 272.158083 ] }, { "date": "2023-12-29", "close": 288.629181, "volume": 12463, "typical_volume": 88217.8, "trend": 278.922909, "fair_value": 463.350331, "relative_strength": -12.007895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 30.382569, "energy": 39.724378, "activity_lines": [ 282.836611, 273.285241, 269.95791, 272.696424 ] }, { "date": "2024-01-05", "close": 284.634277, "volume": 55430, "typical_volume": 88907.45, "trend": 278.32636, "fair_value": 463.128189, "relative_strength": -12.270376, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.751216, "energy": 42.413223, "activity_lines": [ 285.699593, 276.208755, 271.436961, 273.064899 ] }, { "date": "2024-01-12", "close": 274.750275, "volume": 51948, "typical_volume": 89567.0, "trend": 277.400345, "fair_value": 462.820302, "relative_strength": -14.121281, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.792822, "energy": 46.293583, "activity_lines": [ 283.137313, 276.972008, 271.936632, 272.834184 ] }, { "date": "2024-01-19", "close": 282.743011, "volume": 66921, "typical_volume": 91154.2, "trend": 276.674189, "fair_value": 462.362177, "relative_strength": -9.196851, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.706691, "energy": 29.537935, "activity_lines": [ 282.300264, 279.005025, 273.197025, 273.178872 ] }, { "date": "2024-01-26", "close": 273.75119, "volume": 94312, "typical_volume": 92002.35, "trend": 275.781433, "fair_value": 461.718491, "relative_strength": -13.322222, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.366688, "energy": 11.322791, "activity_lines": [ 278.79177, 279.056224, 273.491165, 272.990292 ] }, { "date": "2024-02-02", "close": 273.75119, "volume": 73426, "typical_volume": 93482.95, "trend": 274.855395, "fair_value": 461.074806, "relative_strength": -12.222113, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.753512, "energy": 8.500777, "activity_lines": [ 276.408305, 278.851335, 273.751525, 272.859308 ] }, { "date": "2024-02-09", "close": 275.74939, "volume": 242431, "typical_volume": 102779.1, "trend": 274.029245, "fair_value": 460.395959, "relative_strength": -10.172597, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.798541, "energy": 6.932933, "activity_lines": [ 275.682772, 278.626559, 274.211212, 272.916985 ] }, { "date": "2024-02-23", "close": 259.763916, "volume": 236050, "typical_volume": 113743.35, "trend": 272.770092, "fair_value": 459.630632, "relative_strength": -15.99299, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.280658, "energy": 17.033061, "activity_lines": [ 270.221073, 275.075805, 273.095666, 271.996642 ] }, { "date": "2024-03-01", "close": 273.75119, "volume": 128332, "typical_volume": 112959.9, "trend": 272.074416, "fair_value": 458.827047, "relative_strength": -10.402416, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.659607, "energy": 9.851336, "activity_lines": [ 270.42089, 274.084576, 273.345067, 272.059938 ] }, { "date": "2024-03-08", "close": 268.755707, "volume": 113835, "typical_volume": 111089.95, "trend": 271.212224, "fair_value": 457.879509, "relative_strength": -11.241043, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.667364, "energy": 11.612971, "activity_lines": [ 269.555001, 272.437428, 273.122974, 271.845828 ] }, { "date": "2024-03-15", "close": 266.757507, "volume": 76073, "typical_volume": 107214.55, "trend": 270.549751, "fair_value": 456.871192, "relative_strength": -12.100868, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.385036, "energy": 15.50357, "activity_lines": [ 268.356077, 270.824623, 272.714853, 271.558427 ] }, { "date": "2024-03-22", "close": 260.76297, "volume": 56374, "typical_volume": 103465.35, "trend": 270.020365, "fair_value": 455.824449, "relative_strength": -15.62446, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.949737, "energy": 23.745679, "activity_lines": [ 265.62522, 268.519569, 271.740101, 270.927022 ] }, { "date": "2024-03-29", "close": 261.762085, "volume": 59776, "typical_volume": 104938.35, "trend": 269.590863, "fair_value": 454.78411, "relative_strength": -14.932345, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.775208, "energy": 31.442418, "activity_lines": [ 264.226495, 266.830197, 270.879061, 270.394229 ] }, { "date": "2024-04-05", "close": 272.752106, "volume": 279942, "typical_volume": 115387.3, "trend": 270.027054, "fair_value": 453.814029, "relative_strength": -10.30847, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.848032, "energy": 16.697725, "activity_lines": [ 266.3579, 267.375159, 271.078489, 270.59818 ] }, { "date": "2024-04-12", "close": 276.748444, "volume": 120247, "typical_volume": 117807.85, "trend": 270.363423, "fair_value": 452.89515, "relative_strength": -9.224244, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.738019, "energy": 6.8951, "activity_lines": [ 269.888023, 268.82838, 271.61523, 271.031819 ] }, { "date": "2024-04-19", "close": 276.748444, "volume": 106289, "typical_volume": 120283.15, "trend": 270.400177, "fair_value": 451.918704, "relative_strength": -7.337432, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.484178, "energy": 13.891381, "activity_lines": [ 272.885297, 270.227106, 272.070628, 271.443755 ] }, { "date": "2024-04-26", "close": 276.748444, "volume": 206193, "typical_volume": 129460.65, "trend": 270.803127, "fair_value": 450.910275, "relative_strength": -9.389976, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.395878, "energy": 26.793104, "activity_lines": [ 275.216508, 271.571337, 272.411392, 271.853321 ] }, { "date": "2024-05-03", "close": 275.74939, "volume": 136214, "typical_volume": 134209.2, "trend": 271.106194, "fair_value": 449.879451, "relative_strength": -9.813683, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.492352, "energy": 31.699183, "activity_lines": [ 276.149003, 272.715757, 272.542375, 272.172435 ] }, { "date": "2024-05-10", "close": 293.733032, "volume": 440483, "typical_volume": 143174.1, "trend": 271.74239, "fair_value": 448.931924, "relative_strength": -5.79067, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.000647, "energy": 61.060984, "activity_lines": [ 282.143559, 276.839285, 274.314255, 273.632231 ] }, { "date": "2024-05-17", "close": 318.710297, "volume": 441477, "typical_volume": 149910.8, "trend": 273.377615, "fair_value": 448.064553, "relative_strength": 2.924476, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.66763, "energy": 80.443077, "activity_lines": [ 295.065141, 285.140827, 278.435863, 276.662418 ] }, { "date": "2024-05-24", "close": 329.700317, "volume": 122174, "typical_volume": 155396.35, "trend": 275.445756, "fair_value": 447.190872, "relative_strength": 8.186832, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.956072, "energy": 91.346368, "activity_lines": [ 308.852606, 294.53229, 283.470407, 280.296141 ] }, { "date": "2024-05-31", "close": 329.700317, "volume": 147599, "typical_volume": 160004.8, "trend": 277.613769, "fair_value": 446.336381, "relative_strength": 8.970659, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.024622, "energy": 93.127582, "activity_lines": [ 319.109947, 302.779338, 288.309375, 283.796435 ] }, { "date": "2024-06-07", "close": 332.697601, "volume": 122790, "typical_volume": 163546.9, "trend": 279.88169, "fair_value": 445.590654, "relative_strength": 10.485751, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.767341, "energy": 91.14345, "activity_lines": [ 326.836257, 310.31794, 293.219197, 287.350231 ] }, { "date": "2024-06-14", "close": 314.713959, "volume": 131821, "typical_volume": 166791.9, "trend": 281.583448, "fair_value": 444.633701, "relative_strength": 5.834849, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.052719, "energy": 82.775504, "activity_lines": [ 324.771472, 313.297053, 296.140353, 289.597474 ] }, { "date": "2024-06-28", "close": 297.72937, "volume": 47663, "typical_volume": 164459.45, "trend": 282.852215, "fair_value": 443.567872, "relative_strength": 0.086214, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.793079, "energy": 50.358068, "activity_lines": [ 315.646429, 312.425116, 297.291686, 290.639146 ] }, { "date": "2024-07-05", "close": 297.72937, "volume": 65735, "typical_volume": 164074.9, "trend": 284.354015, "fair_value": 442.502043, "relative_strength": -0.189817, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.403338, "energy": 30.441006, "activity_lines": [ 307.920115, 311.171707, 298.328837, 291.598963 ] }, { "date": "2024-07-12", "close": 295.80957, "volume": 37153, "typical_volume": 153811.0, "trend": 285.791822, "fair_value": 441.391925, "relative_strength": -1.240422, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.901731, "energy": 26.125144, "activity_lines": [ 301.685264, 309.187773, 299.068968, 292.338031 ] }, { "date": "2024-07-19", "close": 302.805054, "volume": 45302, "typical_volume": 144273.6, "trend": 287.196488, "fair_value": 440.326651, "relative_strength": 2.478152, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.615139, "energy": 25.526569, "activity_lines": [ 300.041624, 308.129179, 300.379811, 293.435659 ] }, { "date": "2024-07-26", "close": 310.799896, "volume": 105732, "typical_volume": 143143.6, "trend": 287.968804, "fair_value": 438.513068, "relative_strength": 3.665226, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.049458, "energy": 21.139301, "activity_lines": [ 303.055768, 308.032271, 302.24711, 294.958459 ] }, { "date": "2024-08-16", "close": 281.818573, "volume": 82888, "typical_volume": 141596.25, "trend": 287.675202, "fair_value": 436.513707, "relative_strength": -5.937355, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.321157, "energy": 12.37875, "activity_lines": [ 296.670408, 302.355725, 301.17786, 294.56167 ] }, { "date": "2024-08-23", "close": 284.81665, "volume": 46670, "typical_volume": 140126.1, "trend": 287.548118, "fair_value": 434.405636, "relative_strength": -4.84837, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.559888, "energy": 10.202532, "activity_lines": [ 292.345127, 297.895043, 300.331938, 294.377247 ] }, { "date": "2024-08-30", "close": 283.817291, "volume": 70893, "typical_volume": 140852.05, "trend": 287.520885, "fair_value": 432.083274, "relative_strength": -5.503992, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.540946, "energy": 13.61651, "activity_lines": [ 288.547575, 294.068725, 299.304842, 294.136549 ] }, { "date": "2024-09-06", "close": 280.819214, "volume": 70732, "typical_volume": 141399.85, "trend": 287.723183, "fair_value": 429.69372, "relative_strength": -4.121995, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.606014, "energy": 30.519136, "activity_lines": [ 284.550148, 290.53154, 297.882433, 293.704183 ] }, { "date": "2024-09-13", "close": 269.826294, "volume": 43032, "typical_volume": 129554.35, "trend": 287.292626, "fair_value": 427.137752, "relative_strength": -8.701161, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.37683, "energy": 50.871, "activity_lines": [ 278.354138, 285.938885, 295.322331, 292.549545 ] }, { "date": "2024-09-20", "close": 280.819214, "volume": 42290, "typical_volume": 125656.5, "trend": 287.528227, "fair_value": 424.620269, "relative_strength": -4.361423, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.261091, "energy": 43.375152, "activity_lines": [ 278.554008, 284.161083, 293.823106, 292.131906 ] }, { "date": "2024-09-27", "close": 277.821106, "volume": 75921, "typical_volume": 124138.1, "trend": 287.663891, "fair_value": 422.019603, "relative_strength": -6.295481, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.819365, "energy": 36.438229, "activity_lines": [ 277.821132, 282.145627, 292.018962, 291.50564 ] }, { "date": "2024-10-04", "close": 273.82373, "volume": 109509, "typical_volume": 119303.9, "trend": 287.599702, "fair_value": 419.297367, "relative_strength": -7.065464, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.46679, "energy": 35.644656, "activity_lines": [ 276.222168, 279.765344, 289.829008, 290.612726 ] }, { "date": "2024-10-11", "close": 264.829529, "volume": 138970, "typical_volume": 119441.7, "trend": 287.768556, "fair_value": 416.597431, "relative_strength": -9.646441, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.528806, "energy": 36.210305, "activity_lines": [ 272.291374, 276.149494, 286.79639, 289.143683 ] }, { "date": "2024-10-18", "close": 261.831451, "volume": 82302, "typical_volume": 101532.65, "trend": 287.371231, "fair_value": 413.766338, "relative_strength": -11.638064, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.772625, "energy": 50.069368, "activity_lines": [ 268.427199, 272.679004, 283.530241, 287.470321 ] }, { "date": "2024-10-25", "close": 255.835297, "volume": 49902, "typical_volume": 81953.9, "trend": 286.940551, "fair_value": 411.056342, "relative_strength": -12.323642, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.351242, "energy": 69.858426, "activity_lines": [ 263.097296, 269.008639, 279.844942, 285.435745 ] }, { "date": "2024-11-01", "close": 273.82373, "volume": 137245, "typical_volume": 82707.45, "trend": 287.176092, "fair_value": 408.669558, "relative_strength": -5.174332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.32139, "energy": 55.000244, "activity_lines": [ 265.429132, 269.081321, 278.172231, 284.589498 ] }, { "date": "2024-11-08", "close": 274.823059, "volume": 45070, "typical_volume": 77581.0, "trend": 287.644761, "fair_value": 406.049293, "relative_strength": -3.517145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.800967, "energy": 37.518599, "activity_lines": [ 268.360569, 269.535571, 276.860774, 283.792528 ] }, { "date": "2024-11-15", "close": 277.821106, "volume": 50533, "typical_volume": 73968.15, "trend": 288.180062, "fair_value": 403.352292, "relative_strength": -2.267317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.287014, "energy": 25.90855, "activity_lines": [ 272.224733, 270.698451, 276.096165, 283.158744 ] }, { "date": "2024-11-22", "close": 277.821106, "volume": 33501, "typical_volume": 69052.15, "trend": 288.349028, "fair_value": 400.719259, "relative_strength": -4.476136, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.57784, "energy": 20.880225, "activity_lines": [ 275.222793, 271.915843, 275.592873, 282.490424 ] }, { "date": "2024-11-29", "close": 275.822449, "volume": 90665, "typical_volume": 71202.25, "trend": 288.318162, "fair_value": 398.233341, "relative_strength": -5.32775, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.456928, "energy": 19.114686, "activity_lines": [ 276.488656, 272.624482, 275.074913, 281.682258 ] }, { "date": "2024-12-06", "close": 274.823059, "volume": 49266, "typical_volume": 70378.8, "trend": 288.253983, "fair_value": 395.741016, "relative_strength": -5.771175, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.857442, "energy": 16.782539, "activity_lines": [ 276.088912, 273.242265, 274.566091, 280.811606 ] }, { "date": "2024-12-13", "close": 267.827576, "volume": 63680, "typical_volume": 71705.15, "trend": 287.95662, "fair_value": 393.139877, "relative_strength": -7.960152, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.581208, "energy": 18.915338, "activity_lines": [ 273.290719, 272.642651, 273.500111, 279.493774 ] }, { "date": "2024-12-20", "close": 273.82373, "volume": 141093, "typical_volume": 76494.7, "trend": 287.892432, "fair_value": 390.465228, "relative_strength": -3.395636, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.965643, "energy": 17.947198, "activity_lines": [ 272.957609, 273.242268, 273.138441, 278.581974 ] }, { "date": "2024-12-27", "close": 273.82373, "volume": 55220, "typical_volume": 73969.1, "trend": 287.228788, "fair_value": 388.382303, "relative_strength": -4.170606, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.429307, "energy": 17.880618, "activity_lines": [ 272.890991, 273.678354, 272.914777, 277.674316 ] }, { "date": "2025-01-03", "close": 273.82373, "volume": 56257, "typical_volume": 72637.55, "trend": 285.732569, "fair_value": 386.507281, "relative_strength": -4.972206, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.656725, "energy": 17.020573, "activity_lines": [ 273.090865, 273.896399, 272.86719, 276.809474 ] }, { "date": "2025-01-10", "close": 271.824982, "volume": 132018, "typical_volume": 76904.95, "trend": 283.803391, "fair_value": 385.27514, "relative_strength": -5.68673, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.369523, "energy": 15.572961, "activity_lines": [ 272.757737, 273.423972, 272.667316, 275.91221 ] }, { "date": "2025-01-17", "close": 248.941208, "volume": 205958, "typical_volume": 83658.2, "trend": 281.111421, "fair_value": 383.560464, "relative_strength": -15.840349, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.114268, "energy": 43.075403, "activity_lines": [ 264.996557, 268.827201, 270.349901, 273.663037 ] }, { "date": "2025-01-24", "close": 249.940979, "volume": 204735, "typical_volume": 90358.35, "trend": 278.352867, "fair_value": 381.884183, "relative_strength": -15.102409, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.423331, "energy": 58.991145, "activity_lines": [ 258.827724, 264.882784, 268.293778, 271.65204 ] }, { "date": "2025-01-31", "close": 245.941925, "volume": 211445, "typical_volume": 98779.0, "trend": 276.060466, "fair_value": 380.102303, "relative_strength": -17.717624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.812834, "energy": 71.565747, "activity_lines": [ 252.918057, 260.718179, 266.003833, 269.561012 ] }, { "date": "2025-02-07", "close": 248.941208, "volume": 216868, "typical_volume": 107507.9, "trend": 274.434194, "fair_value": 378.323657, "relative_strength": -16.622551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.712783, "energy": 72.647523, "activity_lines": [ 249.866938, 257.678519, 264.113268, 267.811382 ] }, { "date": "2025-02-14", "close": 254.939804, "volume": 97805, "typical_volume": 108602.1, "trend": 273.007875, "fair_value": 376.567472, "relative_strength": -14.509681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.504823, "energy": 65.135327, "activity_lines": [ 250.474186, 256.218263, 262.945799, 266.55368 ] }, { "date": "2025-02-21", "close": 263.937683, "volume": 69962, "typical_volume": 106624.75, "trend": 271.945479, "fair_value": 374.83698, "relative_strength": -10.474273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.307903, "energy": 36.695317, "activity_lines": [ 255.206406, 256.755499, 262.744229, 265.968506 ] }, { "date": "2025-02-28", "close": 263.937683, "volume": 91414, "typical_volume": 104246.95, "trend": 270.6499, "fair_value": 373.090495, "relative_strength": -11.703064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.551205, "energy": 20.523935, "activity_lines": [ 258.93886, 257.36346, 262.589735, 265.451874 ] }, { "date": "2025-03-07", "close": 265.937225, "volume": 64032, "typical_volume": 103333.45, "trend": 269.154477, "fair_value": 371.388814, "relative_strength": -9.407184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.842654, "energy": 18.023138, "activity_lines": [ 262.404715, 258.51472, 262.629921, 265.147831 ] }, { "date": "2025-03-14", "close": 263.937683, "volume": 178303, "typical_volume": 109753.5, "trend": 268.558448, "fair_value": 369.530383, "relative_strength": -9.431226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.022553, "energy": 18.741988, "activity_lines": [ 263.871036, 259.445818, 262.460123, 264.811263 ] }, { "date": "2025-03-21", "close": 263.937683, "volume": 126855, "typical_volume": 109234.0, "trend": 267.862482, "fair_value": 367.48004, "relative_strength": -9.319207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.247965, "energy": 15.867495, "activity_lines": [ 264.337591, 260.556663, 262.251742, 264.513149 ] }, { "date": "2025-03-28", "close": 266.936951, "volume": 80044, "typical_volume": 110982.7, "trend": 267.299804, "fair_value": 365.320984, "relative_strength": -8.193538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.790824, "energy": 13.145667, "activity_lines": [ 265.204045, 262.356234, 262.376082, 264.453438 ] }, { "date": "2025-04-04", "close": 259.938629, "volume": 235711, "typical_volume": 120241.6, "trend": 266.603785, "fair_value": 362.989127, "relative_strength": -3.773944, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.809734, "energy": 9.410881, "activity_lines": [ 263.537773, 262.556188, 261.871468, 263.978523 ] }, { "date": "2025-04-11", "close": 241.942871, "volume": 222372, "typical_volume": 129685.15, "trend": 265.674337, "fair_value": 360.541912, "relative_strength": -9.284551, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.352545, "energy": 30.411084, "activity_lines": [ 256.139518, 259.302411, 259.738127, 262.387496 ] }, { "date": "2025-04-18", "close": 246.941696, "volume": 44000, "typical_volume": 127351.9, "trend": 264.545087, "fair_value": 358.126742, "relative_strength": -10.7377, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.713076, "energy": 47.316665, "activity_lines": [ 252.007162, 257.03022, 258.251713, 261.178939 ] }, { "date": "2025-04-25", "close": 247.941452, "volume": 32264, "typical_volume": 126501.8, "trend": 263.549098, "fair_value": 355.749395, "relative_strength": -11.608129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.321885, "energy": 54.555336, "activity_lines": [ 249.341124, 254.976159, 256.998042, 260.107737 ] }, { "date": "2025-05-02", "close": 243.942398, "volume": 233243, "typical_volume": 134979.95, "trend": 262.553054, "fair_value": 353.378404, "relative_strength": -14.558557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.069469, "energy": 60.606919, "activity_lines": [ 246.408484, 252.322239, 255.491516, 258.842788 ] }, { "date": "2025-05-09", "close": 259.938629, "volume": 121101, "typical_volume": 133980.35, "trend": 262.390024, "fair_value": 351.045973, "relative_strength": -8.265341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.142868, "energy": 35.456803, "activity_lines": [ 250.34089, 252.940276, 255.622179, 258.674116 ] }, { "date": "2025-05-16", "close": 243.942398, "volume": 208271, "typical_volume": 141632.9, "trend": 261.793722, "fair_value": 348.579011, "relative_strength": -14.905243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.952366, "energy": 31.029711, "activity_lines": [ 248.94122, 250.722617, 254.295512, 257.483946 ] }, { "date": "2025-05-23", "close": 233.944748, "volume": 180242, "typical_volume": 147832.15, "trend": 261.064037, "fair_value": 346.047962, "relative_strength": -18.385012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.039509, "energy": 37.873404, "activity_lines": [ 244.075698, 247.08711, 252.158979, 255.687238 ] }, { "date": "2025-05-30", "close": 239.943344, "volume": 102691, "typical_volume": 146365.8, "trend": 259.934691, "fair_value": 343.491387, "relative_strength": -16.446065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.789766, "energy": 34.946019, "activity_lines": [ 242.076171, 245.087582, 250.783641, 254.324613 ] }, { "date": "2025-06-06", "close": 245.941925, "volume": 375401, "typical_volume": 154837.95, "trend": 258.971986, "fair_value": 341.037243, "relative_strength": -14.488486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.950379, "energy": 41.03387, "activity_lines": [ 242.609378, 244.614966, 250.131414, 253.421854 ] }, { "date": "2025-06-13", "close": 247.941452, "volume": 44601, "typical_volume": 146831.25, "trend": 257.975998, "fair_value": 338.787856, "relative_strength": -13.321529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.519708, "energy": 32.95978, "activity_lines": [ 243.675792, 244.887629, 249.6839, 252.710207 ] }, { "date": "2025-06-20", "close": 249.940979, "volume": 49661, "typical_volume": 138742.05, "trend": 257.04666, "fair_value": 336.455316, "relative_strength": -11.267101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.032407, "energy": 18.660508, "activity_lines": [ 246.208528, 245.741972, 249.436339, 252.191818 ] }, { "date": "2025-06-27", "close": 265.937225, "volume": 39943, "typical_volume": 129895.8, "trend": 256.717153, "fair_value": 334.481234, "relative_strength": -5.273251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.222551, "energy": 11.642615, "activity_lines": [ 253.673439, 249.359303, 250.693187, 252.765403 ] }, { "date": "2025-07-04", "close": 269.936249, "volume": 83316, "typical_volume": 129171.35, "trend": 256.554259, "fair_value": 332.436818, "relative_strength": -3.64371, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.501823, "energy": 21.844812, "activity_lines": [ 260.338527, 253.358357, 252.249961, 253.618248 ] }, { "date": "2025-07-11", "close": 269.966248, "volume": 23527, "typical_volume": 126849.6, "trend": 256.625548, "fair_value": 330.328614, "relative_strength": -4.544213, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.257449, "energy": 33.597175, "activity_lines": [ 265.014088, 256.962959, 253.73818, 254.483538 ] }, { "date": "2025-07-18", "close": 276.965363, "volume": 72392, "typical_volume": 125898.5, "trend": 256.730269, "fair_value": 328.233288, "relative_strength": -2.298749, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.775686, "energy": 52.915904, "activity_lines": [ 270.421066, 261.366967, 255.864275, 255.795784 ] }, { "date": "2025-07-25", "close": 295.963013, "volume": 103683, "typical_volume": 127881.05, "trend": 257.468245, "fair_value": 326.246945, "relative_strength": 3.148677, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 79.158326, "energy": 74.796993, "activity_lines": [ 280.225666, 268.915516, 259.737632, 258.326928 ] }, { "date": "2025-08-01", "close": 297.962738, "volume": 116846, "typical_volume": 124808.2, "trend": 258.272879, "fair_value": 324.414175, "relative_strength": 4.711048, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.197657, "energy": 77.605028, "activity_lines": [ 287.628705, 275.881822, 263.65846, 260.939476 ] }, { "date": "2025-08-15", "close": 319.959991, "volume": 67826, "typical_volume": 121856.75, "trend": 259.877379, "fair_value": 322.722413, "relative_strength": 11.747633, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.652588, "energy": 86.533247, "activity_lines": [ 300.229128, 285.683665, 269.51224, 264.91929 ] }, { "date": "2025-08-22", "close": 304.961884, "volume": 95999, "typical_volume": 122654.5, "trend": 261.744735, "fair_value": 320.940907, "relative_strength": 4.500567, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.399483, "energy": 81.734803, "activity_lines": [ 304.495266, 291.303732, 273.670856, 267.827968 ] }, { "date": "2025-08-29", "close": 304.961884, "volume": 67175, "typical_volume": 114227.7, "trend": 263.578765, "fair_value": 319.248973, "relative_strength": 6.091503, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.182202, "energy": 78.935959, "activity_lines": [ 306.428361, 295.850708, 277.648401, 270.616171 ] }, { "date": "2025-09-05", "close": 294.963135, "volume": 148272, "typical_volume": 110522.7, "trend": 265.212806, "fair_value": 317.492944, "relative_strength": 2.496702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.108806, "energy": 61.073792, "activity_lines": [ 303.162106, 297.542995, 280.459288, 272.640969 ] }, { "date": "2025-09-12", "close": 285.964264, "volume": 179994, "typical_volume": 117322.4, "trend": 266.446908, "fair_value": 315.903157, "relative_strength": -1.220264, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.746407, "energy": 40.430595, "activity_lines": [ 296.962885, 296.780539, 282.160662, 273.979773 ] }, { "date": "2025-09-19", "close": 287.963989, "volume": 119598, "typical_volume": 121689.1, "trend": 267.547714, "fair_value": 314.326189, "relative_strength": 0.274054, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.936131, "energy": 27.86059, "activity_lines": [ 292.230137, 296.017541, 283.866664, 275.367972 ] }, { "date": "2025-09-26", "close": 285.964264, "volume": 21725, "typical_volume": 111113.2, "trend": 268.281933, "fair_value": 312.896351, "relative_strength": -0.949541, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.05752, "energy": 22.900477, "activity_lines": [ 288.963881, 294.56318, 285.191633, 276.556136 ] }, { "date": "2025-10-03", "close": 274.965637, "volume": 158834, "typical_volume": 112999.85, "trend": 268.649532, "fair_value": 311.396008, "relative_strength": -6.576011, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.215285, "energy": 21.809678, "activity_lines": [ 283.297925, 290.818195, 285.269009, 276.987343 ] }, { "date": "2025-10-10", "close": 274.965637, "volume": 55404, "typical_volume": 105356.5, "trend": 268.950479, "fair_value": 309.895666, "relative_strength": -5.715631, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.35449, "energy": 19.249221, "activity_lines": [ 279.631718, 287.109569, 285.274828, 277.394833 ] }, { "date": "2025-10-17", "close": 274.965637, "volume": 56532, "typical_volume": 99171.0, "trend": 269.318077, "fair_value": 308.427313, "relative_strength": -4.821559, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.588444, "energy": 14.960992, "activity_lines": [ 277.298677, 283.782714, 285.132918, 277.782908 ] }, { "date": "2025-10-24", "close": 274.965637, "volume": 56948, "typical_volume": 96883.85, "trend": 269.685676, "fair_value": 307.070482, "relative_strength": -7.530691, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.440217, "energy": 16.175885, "activity_lines": [ 275.698879, 280.873987, 284.795669, 278.147267 ] }, { "date": "2025-10-31", "close": 274.965637, "volume": 69503, "typical_volume": 81588.95, "trend": 269.953298, "fair_value": 305.745646, "relative_strength": -8.057078, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.36259, "energy": 15.454071, "activity_lines": [ 274.965637, 278.78334, 284.291648, 278.48791 ] }, { "date": "2025-11-07", "close": 274.965637, "volume": 49901, "typical_volume": 81853.95, "trend": 270.454199, "fair_value": 304.404813, "relative_strength": -7.433261, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.576707, "energy": 15.476119, "activity_lines": [ 274.965637, 277.238079, 283.649419, 278.811286 ] }, { "date": "2025-11-14", "close": 274.965637, "volume": 50101, "typical_volume": 81875.95, "trend": 271.554958, "fair_value": 302.967997, "relative_strength": -7.253082, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.632039, "energy": 18.801201, "activity_lines": [ 274.965637, 276.238204, 282.878503, 279.102347 ] }, { "date": "2025-11-21", "close": 274.965637, "volume": 80028, "typical_volume": 83880.2, "trend": 272.489089, "fair_value": 301.499186, "relative_strength": -5.374996, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.088215, "energy": 10.831388, "activity_lines": [ 274.965637, 275.601921, 281.988423, 279.322391 ] }, { "date": "2025-11-28", "close": 268.96637, "volume": 80616, "typical_volume": 83745.2, "trend": 273.18992, "fair_value": 299.870342, "relative_strength": -8.818296, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.502975, "energy": 15.959423, "activity_lines": [ 272.965881, 274.074836, 280.483991, 279.095118 ] }, { "date": "2025-12-05", "close": 263.96701, "volume": 87963, "typical_volume": 86967.0, "trend": 273.857407, "fair_value": 298.235044, "relative_strength": -9.675774, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.73919, "energy": 22.742524, "activity_lines": [ 269.699623, 271.984188, 278.508048, 278.500092 ] }, { "date": "2025-12-12", "close": 262.967133, "volume": 40666, "typical_volume": 85380.7, "trend": 273.958357, "fair_value": 296.644529, "relative_strength": -9.514844, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.379276, "energy": 35.89317, "activity_lines": [ 266.833315, 270.111695, 276.465446, 277.797494 ] }, { "date": "2025-12-19", "close": 237.970245, "volume": 94547, "typical_volume": 84923.9, "trend": 273.759285, "fair_value": 294.938569, "relative_strength": -19.749819, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.869337, "energy": 63.80896, "activity_lines": [ 256.434611, 263.912467, 272.108847, 275.47568 ] }, { "date": "2025-12-26", "close": 242.96962, "volume": 59606, "typical_volume": 82061.9, "trend": 274.060114, "fair_value": 293.29665, "relative_strength": -17.351309, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.434599, "energy": 75.722257, "activity_lines": [ 250.168725, 259.29486, 268.504534, 273.48925 ] }, { "date": "2026-01-02", "close": 239.970001, "volume": 33102, "typical_volume": 80325.7, "trend": 274.061003, "fair_value": 292.339375, "relative_strength": -18.532287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.121718, "energy": 80.810231, "activity_lines": [ 245.036033, 254.713614, 264.876416, 271.289888 ] }, { "date": "2026-01-09", "close": 236.970383, "volume": 153176, "typical_volume": 83184.55, "trend": 273.761951, "fair_value": 291.471651, "relative_strength": -20.417898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.743623, "energy": 81.419701, "activity_lines": [ 240.83656, 250.223267, 261.343524, 268.896945 ] }, { "date": "2026-01-16", "close": 250.0, "volume": 118250, "typical_volume": 85738.3, "trend": 273.830569, "fair_value": 290.642659, "relative_strength": -16.484422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.239113, "energy": 62.993697, "activity_lines": [ 242.780068, 248.792763, 259.375318, 267.363916 ] }, { "date": "2026-01-23", "close": 242.0, "volume": 47322, "typical_volume": 80690.8, "trend": 273.56587, "fair_value": 289.84237, "relative_strength": -18.133178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.714451, "energy": 47.904005, "activity_lines": [ 242.921385, 246.361636, 256.906929, 265.31033 ] }, { "date": "2026-01-30", "close": 239.0, "volume": 28132, "typical_volume": 73097.7, "trend": 272.667963, "fair_value": 289.038848, "relative_strength": -19.461629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.663562, "energy": 44.999582, "activity_lines": [ 241.794051, 243.984428, 254.405032, 263.080274 ] }, { "date": "2026-02-06", "close": 244.0, "volume": 66762, "typical_volume": 70455.9, "trend": 271.803421, "fair_value": 288.267376, "relative_strength": -18.67684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.522941, "energy": 36.077864, "activity_lines": [ 242.598026, 243.170233, 252.602965, 261.230728 ] }, { "date": "2026-02-13", "close": 242.0, "volume": 70535, "typical_volume": 72896.4, "trend": 270.871213, "fair_value": 287.483084, "relative_strength": -19.643972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.362545, "energy": 32.142153, "activity_lines": [ 242.466667, 242.446335, 250.819774, 259.307927 ] }, { "date": "2026-02-20", "close": 247.0, "volume": 68966, "typical_volume": 68403.0, "trend": 269.872367, "fair_value": 286.679653, "relative_strength": -19.502852, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.645624, "energy": 28.335722, "activity_lines": [ 243.666667, 243.030928, 249.722127, 257.767849 ] }, { "date": "2026-02-27", "close": 240.0, "volume": 128701, "typical_volume": 72067.85, "trend": 268.006934, "fair_value": 285.642585, "relative_strength": -22.950027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.851105, "energy": 27.381113, "activity_lines": [ 242.733333, 242.633105, 248.090983, 255.840599 ] }, { "date": "2026-03-06", "close": 237.0, "volume": 103215, "typical_volume": 74402.0, "trend": 265.974842, "fair_value": 284.410318, "relative_strength": -18.905689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.054459, "energy": 32.598824, "activity_lines": [ 240.933333, 241.652923, 246.340628, 253.840152 ] }, { "date": "2026-03-13", "close": 236.0, "volume": 47764, "typical_volume": 73942.8, "trend": 263.176176, "fair_value": 283.155643, "relative_strength": -18.641533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.593381, "energy": 33.859822, "activity_lines": [ 238.933333, 240.599462, 244.675824, 251.906291 ] }, { "date": "2026-03-20", "close": 237.0, "volume": 127447, "typical_volume": 76840.0, "trend": 260.91078, "fair_value": 281.952171, "relative_strength": -15.086219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.694202, "energy": 37.162678, "activity_lines": [ 237.8, 239.8, 243.291808, 250.217506 ] }, { "date": "2026-03-27", "close": 227.0, "volume": 133748, "typical_volume": 81032.35, "trend": 258.31205, "fair_value": 280.687159, "relative_strength": -18.638815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.613833, "energy": 51.036878, "activity_lines": [ 233.666667, 237.181818, 241.1362, 248.029713 ] }, { "date": "2026-04-03", "close": 225.0, "volume": 40821, "typical_volume": 80568.35, "trend": 255.979946, "fair_value": 279.761345, "relative_strength": -22.485381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.66302, "energy": 57.24618, "activity_lines": [ 230.2, 234.618182, 239.018524, 245.880549 ] }, { "date": "2026-04-10", "close": 236.0, "volume": 81639, "typical_volume": 80648.9, "trend": 254.31447, "fair_value": 278.890043, "relative_strength": -19.397452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.717115, "energy": 43.281919, "activity_lines": [ 231.4, 234.363636, 238.186398, 244.59152 ] }, { "date": "2026-04-17", "close": 244.0, "volume": 58736, "typical_volume": 79554.9, "trend": 252.849004, "fair_value": 277.990019, "relative_strength": -16.754312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.032985, "energy": 30.77475, "activity_lines": [ 235.333333, 235.618182, 238.301728, 243.92607 ] }, { "date": "2026-04-24", "close": 246.0, "volume": 44078, "typical_volume": 77360.65, "trend": 251.516862, "fair_value": 277.18282, "relative_strength": -13.366918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.866514, "energy": 14.083363, "activity_lines": [ 239.4, 237.236364, 238.726421, 243.484199 ] }, { "date": "2026-05-01", "close": 246.0, "volume": 36874, "typical_volume": 77171.05, "trend": 250.551341, "fair_value": 276.391621, "relative_strength": -12.889196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.693294, "energy": 16.313713, "activity_lines": [ 242.866667, 238.781818, 239.236672, 243.128273 ] }, { "date": "2026-05-08", "close": 246.0, "volume": 42787, "typical_volume": 74583.05, "trend": 249.585819, "fair_value": 275.584421, "relative_strength": -11.504822, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.132049, "energy": 16.183105, "activity_lines": [ 245.066667, 240.345455, 239.827718, 242.834638 ] }, { "date": "2026-05-15", "close": 270.0, "volume": 180522, "typical_volume": 80628.85, "trend": 249.420298, "fair_value": 274.899066, "relative_strength": -2.241914, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.146489, "energy": 46.485157, "activity_lines": [ 253.866667, 246.163636, 242.666242, 244.151682 ] }, { "date": "2026-05-22", "close": 275.0, "volume": 104916, "typical_volume": 84219.55, "trend": 249.421444, "fair_value": 274.229762, "relative_strength": -2.883631, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 55.382557, "energy": 66.354846, "activity_lines": [ 262.066667, 252.290909, 245.85224, 245.801985 ] }, { "date": "2026-05-29", "close": 278.0, "volume": 94193, "typical_volume": 81270.4, "trend": 249.522589, "fair_value": 273.579688, "relative_strength": -1.277614, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.251784, "energy": 74.404932, "activity_lines": [ 269.2, 258.254545, 249.157143, 247.645763 ] }, { "date": "2026-06-05", "close": 282.0, "volume": 6838, "typical_volume": 75699.8, "trend": 249.757068, "fair_value": 272.955255, "relative_strength": 0.551749, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.689797, "energy": 78.814398, "activity_lines": [ 275.533333, 264.2, 252.647619, 249.74108 ] }, { "date": "2026-06-12", "close": 281.1487, "volume": 5123, "typical_volume": 73589.85, "trend": 249.96317, "fair_value": 272.325365, "relative_strength": -0.674411, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.97233, "energy": 85.935857, "activity_lines": [ 279.1829, 268.990673, 255.904638, 251.766346 ] }, { "date": "2026-06-19", "close": 286.0811, "volume": 21521, "typical_volume": 73259.3, "trend": 250.333685, "fair_value": 271.803897, "relative_strength": 2.155022, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.532571, "energy": 84.341908, "activity_lines": [ 282.133353, 273.65726, 259.444987, 254.096535 ] }, { "date": "2026-06-26", "close": 276.2162, "volume": 126114, "typical_volume": 76226.9, "trend": 250.575346, "fair_value": 271.385601, "relative_strength": -2.573398, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.462765, "energy": 67.641082, "activity_lines": [ 280.723433, 275.619664, 261.821626, 255.766375 ] }, { "date": "2026-07-03", "close": 286.0811, "volume": 5814, "typical_volume": 72990.85, "trend": 251.312483, "fair_value": 271.107346, "relative_strength": -0.465969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.172516, "energy": 57.183914, "activity_lines": [ 282.520733, 278.789936, 264.984369, 258.057069 ] }, { "date": "2026-07-10", "close": 291.0135, "volume": 46089, "typical_volume": 71847.0, "trend": 252.247362, "fair_value": 271.033517, "relative_strength": 3.214509, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.243441, "energy": 58.157706, "activity_lines": [ 285.423427, 282.128262, 268.406954, 260.618425 ] }, { "date": "2026-07-17", "close": 305.0, "volume": 65272, "typical_volume": 68675.55, "trend": 254.481687, "fair_value": 271.049346, "relative_strength": 7.232141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.519979, "energy": 63.977994, "activity_lines": [ 292.387387, 287.19116, 272.951999, 264.021821 ] }, { "date": "2026-07-24", "close": 304.0, "volume": 49231, "typical_volume": 65976.35, "trend": 256.516033, "fair_value": 271.045963, "relative_strength": 5.716978, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.096275, "energy": 73.153718, "activity_lines": [ 297.427927, 290.999513, 277.092282, 267.21655 ] }, { "date": "2026-07-31", "close": 307.0, "volume": 51521, "typical_volume": 66164.2, "trend": 258.750366, "fair_value": 271.087413, "relative_strength": 5.783795, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.834831, "energy": 80.11523, "activity_lines": [ 302.273873, 294.735138, 281.199231, 270.473581 ] }, { "date": "2026-08-07", "close": 315.0, "volume": 28446, "typical_volume": 61214.15, "trend": 261.351353, "fair_value": 271.173744, "relative_strength": 8.521316, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.831141, "energy": 83.485506, "activity_lines": [ 307.734233, 299.343491, 285.72999, 274.102589 ] } ], "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." } } }