{ "ticker": { "uuid": "daf7d690-71c4-45a7-86f7-411d5c8eea8d", "symbol": "EME", "name": "EMCOR Group Inc", "exchange": "NYSE", "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": "SPY", "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": 64.938, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -8.901, "architecture_energy": 11.471, "architecture_maturity": 10.606, "architecture_confidence": 76.479, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 49.56, "rotation_up": 23.93, "upward_expansion": 16.26, "deceleration": 61.74, "rotation_down": 45.66, "downward_expansion": 41.26 }, "activity_lines": [ 785.23093, 786.094822, 808.923084, 803.291964 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 816.9, "trend_reference": 788.879869, "distance_from_trend": 0.035519, "trend_direction": "Improving", "fair_value": 488.578121, "distance_from_fair_value": 0.671995, "fair_value_direction": "Weakening", "relative_strength": 0.819897, "relative_strength_direction": "Weakening", "price_momentum": 0.069291, "excess_performance": -0.056334, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.035519, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.077551, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.671995, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.438929, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008199, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.249078, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.069291, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.87212, "read": "Supply-led" } ], "volume": { "latest": 2129783, "relative_activity": 1.076783, "balance": 0.87212, "dry_up": 1.283924, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.082197, "annualized_volatility": 0.303947, "from_high_reference": -0.141876, "from_low_reference": 0.447651 }, "levels": { "trend_reference": 788.879869, "fair_value_reference": 488.578121, "structural_low": 668.82, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.013375, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.059668, "regime_survival": 0.333333, "best_return": 0.106886, "worst_return": -0.093028, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.022133, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.067248, "regime_survival": 0.0, "best_return": 0.154707, "worst_return": -0.110441, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.286748, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.252276, "regime_survival": 0.0, "best_return": 0.517917, "worst_return": 0.055579, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.524214, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.469464, "regime_survival": 0.0, "best_return": 0.775769, "worst_return": 0.27266, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-09-20", "tenure": "Developing", "return": 0.202312, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-12-27", "tenure": "Established", "return": 0.076209, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": -0.145893, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": -0.093028, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.285656, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": -0.015114, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.159708, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-28", "tenure": "Established", "return": 0.110701, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-01-23", "tenure": "Developing", "return": 0.113868, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-20", "tenure": "Developing", "return": 0.005827, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.094885, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-06-05", "tenure": "Developing", "return": 0.014131, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-07-24", "tenure": "Developing", "return": -0.094542, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.024416, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 212.754179, "volume": 1627190, "typical_volume": 2052658.75, "trend": 171.358544, "fair_value": 123.261773, "relative_strength": 26.500306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.533214, "energy": 88.707957, "activity_lines": [ 213.191892, 203.081952, 189.807454, 181.580047 ] }, { "date": "2023-08-25", "close": 218.654361, "volume": 1242291, "typical_volume": 2027020.95, "trend": 173.803932, "fair_value": 124.186244, "relative_strength": 27.723903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.052416, "energy": 89.991658, "activity_lines": [ 216.267138, 207.4137, 193.538491, 184.63139 ] }, { "date": "2023-09-01", "close": 224.485011, "volume": 1253743, "typical_volume": 2012880.1, "trend": 176.37561, "fair_value": 125.169765, "relative_strength": 26.621908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.167482, "energy": 83.40417, "activity_lines": [ 219.31391, 212.00072, 197.50494, 187.901137 ] }, { "date": "2023-09-08", "close": 221.266731, "volume": 1197913, "typical_volume": 1995537.8, "trend": 178.931535, "fair_value": 126.157598, "relative_strength": 25.201281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.652963, "energy": 68.54209, "activity_lines": [ 220.348925, 215.088492, 200.832668, 190.797339 ] }, { "date": "2023-09-15", "close": 211.433095, "volume": 2154822, "typical_volume": 1939484.8, "trend": 180.983897, "fair_value": 127.080197, "relative_strength": 18.818121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.711545, "energy": 64.922148, "activity_lines": [ 217.716689, 215.699277, 202.915804, 192.894214 ] }, { "date": "2023-09-22", "close": 208.622066, "volume": 1016760, "typical_volume": 1911697.1, "trend": 182.469085, "fair_value": 128.000042, "relative_strength": 19.788798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.950476, "energy": 54.966428, "activity_lines": [ 214.684486, 215.280945, 204.532464, 194.677321 ] }, { "date": "2023-09-29", "close": 208.979653, "volume": 833348, "typical_volume": 1889065.05, "trend": 183.852864, "fair_value": 128.905279, "relative_strength": 19.884945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.54261, "energy": 43.418028, "activity_lines": [ 212.046952, 214.520803, 205.983065, 196.38768 ] }, { "date": "2023-10-06", "close": 205.334255, "volume": 1241004, "typical_volume": 1879015.6, "trend": 185.460734, "fair_value": 129.772008, "relative_strength": 16.433154, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.716289, "energy": 28.568679, "activity_lines": [ 208.839267, 212.735939, 206.87153, 197.773577 ] }, { "date": "2023-10-13", "close": 200.844554, "volume": 973337, "typical_volume": 1829751.1, "trend": 186.85584, "fair_value": 130.611089, "relative_strength": 12.721515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.404567, "energy": 27.554861, "activity_lines": [ 205.411732, 210.226872, 207.1341, 198.766081 ] }, { "date": "2023-10-20", "close": 191.409771, "volume": 1751926, "typical_volume": 1832675.05, "trend": 188.058704, "fair_value": 131.39359, "relative_strength": 9.474912, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.501294, "energy": 18.567126, "activity_lines": [ 200.200747, 206.26751, 206.34912, 199.059883 ] }, { "date": "2023-10-27", "close": 204.125353, "volume": 1863732, "typical_volume": 1854203.25, "trend": 189.490811, "fair_value": 132.2732, "relative_strength": 18.991443, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.261964, "energy": 20.624978, "activity_lines": [ 200.563178, 205.130598, 206.682089, 200.096441 ] }, { "date": "2023-11-03", "close": 208.996843, "volume": 1461482, "typical_volume": 1822122.2, "trend": 191.408107, "fair_value": 133.15196, "relative_strength": 14.600951, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.875144, "energy": 18.106048, "activity_lines": [ 202.84922, 205.036299, 207.332016, 201.354895 ] }, { "date": "2023-11-10", "close": 209.454166, "volume": 1241905, "typical_volume": 1521568.8, "trend": 193.232605, "fair_value": 133.984215, "relative_strength": 12.818742, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.894862, "energy": 16.190487, "activity_lines": [ 205.286557, 205.200742, 207.860692, 202.519157 ] }, { "date": "2023-11-17", "close": 213.420951, "volume": 1443546, "typical_volume": 1489510.8, "trend": 195.127472, "fair_value": 134.812841, "relative_strength": 11.956395, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.103231, "energy": 32.199239, "activity_lines": [ 208.771495, 206.359706, 208.599324, 203.821631 ] }, { "date": "2023-11-24", "close": 215.240303, "volume": 687542, "typical_volume": 1455574.2, "trend": 196.645683, "fair_value": 135.638789, "relative_strength": 11.366022, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.031287, "energy": 42.111419, "activity_lines": [ 212.024457, 207.992112, 209.368121, 205.119233 ] }, { "date": "2023-12-01", "close": 213.072987, "volume": 1400464, "typical_volume": 1464154.85, "trend": 198.194856, "fair_value": 136.449775, "relative_strength": 8.919377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.249616, "energy": 41.651191, "activity_lines": [ 212.966278, 209.161238, 209.776707, 206.179059 ] }, { "date": "2023-12-08", "close": 213.480602, "volume": 1318687, "typical_volume": 1466535.85, "trend": 199.849575, "fair_value": 137.252178, "relative_strength": 8.456338, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.626906, "energy": 45.583414, "activity_lines": [ 213.447462, 210.323551, 210.096368, 207.165236 ] }, { "date": "2023-12-15", "close": 215.379488, "volume": 1960475, "typical_volume": 1429391.4, "trend": 201.572552, "fair_value": 138.068452, "relative_strength": 6.523493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.067776, "energy": 47.684097, "activity_lines": [ 214.262691, 211.74928, 210.480653, 208.167166 ] }, { "date": "2023-12-22", "close": 214.753154, "volume": 1769753, "typical_volume": 1403795.45, "trend": 203.079155, "fair_value": 138.86505, "relative_strength": 4.964129, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.631545, "energy": 35.383008, "activity_lines": [ 214.47412, 212.878489, 210.781576, 209.017527 ] }, { "date": "2023-12-29", "close": 214.176529, "volume": 715321, "typical_volume": 1357762.05, "trend": 204.489465, "fair_value": 139.662732, "relative_strength": 4.033133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.961969, "energy": 32.670712, "activity_lines": [ 214.404528, 213.649974, 211.030787, 209.733487 ] }, { "date": "2024-01-05", "close": 211.213868, "volume": 1524173, "typical_volume": 1352611.2, "trend": 205.754708, "fair_value": 140.393747, "relative_strength": 3.896554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.03039, "energy": 23.973152, "activity_lines": [ 213.4183, 213.468852, 211.023137, 210.167319 ] }, { "date": "2024-01-12", "close": 217.884826, "volume": 1223576, "typical_volume": 1351675.45, "trend": 207.204608, "fair_value": 141.172619, "relative_strength": 4.876579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.838687, "energy": 30.449356, "activity_lines": [ 214.779666, 214.37175, 211.65815, 210.949908 ] }, { "date": "2024-01-19", "close": 217.785326, "volume": 848523, "typical_volume": 1331414.45, "trend": 208.657144, "fair_value": 141.956081, "relative_strength": 3.205806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.032516, "energy": 31.069821, "activity_lines": [ 215.81425, 215.094957, 212.287351, 211.632535 ] }, { "date": "2024-01-26", "close": 223.088669, "volume": 1273999, "typical_volume": 1335218.75, "trend": 209.981142, "fair_value": 142.830031, "relative_strength": 4.207841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.655723, "energy": 52.083777, "activity_lines": [ 218.456226, 216.630932, 213.453536, 212.563601 ] }, { "date": "2024-02-02", "close": 234.033656, "volume": 1832984, "typical_volume": 1319126.85, "trend": 211.684197, "fair_value": 143.737361, "relative_strength": 7.266056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.449335, "energy": 78.322742, "activity_lines": [ 224.19083, 219.981129, 215.653425, 214.115376 ] }, { "date": "2024-02-09", "close": 243.923943, "volume": 1251715, "typical_volume": 1330874.6, "trend": 213.606776, "fair_value": 144.712436, "relative_strength": 9.664747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.080945, "energy": 88.982436, "activity_lines": [ 231.898388, 224.787862, 218.687624, 216.195359 ] }, { "date": "2024-02-16", "close": 251.655083, "volume": 1494936, "typical_volume": 1363954.0, "trend": 215.692812, "fair_value": 145.744564, "relative_strength": 12.886477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.767786, "energy": 95.82388, "activity_lines": [ 240.002321, 230.439331, 222.290019, 218.650089 ] }, { "date": "2024-02-23", "close": 268.371062, "volume": 1898533, "typical_volume": 1396830.45, "trend": 217.625179, "fair_value": 146.851663, "relative_strength": 17.858406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.167825, "energy": 97.700702, "activity_lines": [ 251.426897, 238.435987, 227.281194, 222.048686 ] }, { "date": "2024-03-01", "close": 318.389649, "volume": 4908688, "typical_volume": 1593598.0, "trend": 221.057295, "fair_value": 148.234617, "relative_strength": 37.282932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 99.394639, "energy": 99.54751, "activity_lines": [ 276.151952, 254.563448, 236.73587, 228.549619 ] }, { "date": "2024-03-08", "close": 323.384543, "volume": 2966827, "typical_volume": 1654343.05, "trend": 224.520489, "fair_value": 149.581445, "relative_strength": 38.457212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.393645, "energy": 99.023773, "activity_lines": [ 296.188574, 269.714772, 246.106511, 235.151377 ] }, { "date": "2024-03-15", "close": 326.857089, "volume": 2975306, "typical_volume": 1709921.75, "trend": 228.32392, "fair_value": 150.9659, "relative_strength": 38.699445, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.555743, "energy": 96.661876, "activity_lines": [ 311.425985, 283.511868, 255.179419, 241.753738 ] }, { "date": "2024-03-22", "close": 346.239664, "volume": 1746333, "typical_volume": 1724164.3, "trend": 232.576763, "fair_value": 152.4792, "relative_strength": 42.142718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.266282, "energy": 97.269419, "activity_lines": [ 327.595378, 298.730464, 265.51385, 249.361206 ] }, { "date": "2024-03-29", "close": 348.448562, "volume": 1270223, "typical_volume": 1725580.2, "trend": 236.708881, "fair_value": 153.997024, "relative_strength": 40.993196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.057006, "energy": 94.324225, "activity_lines": [ 338.195431, 312.016954, 275.405116, 256.836806 ] }, { "date": "2024-04-05", "close": 363.194443, "volume": 1848261, "typical_volume": 1745815.95, "trend": 241.439805, "fair_value": 155.588338, "relative_strength": 46.339443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.847108, "energy": 90.997866, "activity_lines": [ 348.372278, 325.608818, 286.038872, 264.997164 ] }, { "date": "2024-04-12", "close": 350.120159, "volume": 2045167, "typical_volume": 1813697.2, "trend": 246.062707, "fair_value": 157.076562, "relative_strength": 41.433079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.551167, "energy": 68.764094, "activity_lines": [ 351.204045, 334.276161, 294.714252, 272.0088 ] }, { "date": "2024-04-19", "close": 327.221836, "volume": 2315718, "typical_volume": 1859459.9, "trend": 250.016033, "fair_value": 158.411508, "relative_strength": 34.897009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.700954, "energy": 67.089567, "activity_lines": [ 344.620662, 336.66951, 300.566554, 277.244873 ] }, { "date": "2024-04-26", "close": 352.503042, "volume": 2810567, "typical_volume": 1934053.9, "trend": 254.800146, "fair_value": 159.915827, "relative_strength": 40.036558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.571093, "energy": 67.464048, "activity_lines": [ 346.440032, 342.144934, 308.283024, 283.856938 ] }, { "date": "2024-05-03", "close": 362.211263, "volume": 2333046, "typical_volume": 1952682.45, "trend": 260.029379, "fair_value": 161.447639, "relative_strength": 41.399992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.80036, "energy": 67.1844, "activity_lines": [ 351.077917, 347.55189, 316.262075, 290.786688 ] }, { "date": "2024-05-10", "close": 378.650519, "volume": 1843496, "typical_volume": 1956369.6, "trend": 265.956245, "fair_value": 163.088172, "relative_strength": 43.329436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.781076, "energy": 69.679013, "activity_lines": [ 360.27804, 354.241616, 325.10757, 298.439664 ] }, { "date": "2024-05-17", "close": 376.748703, "volume": 1580162, "typical_volume": 1999611.65, "trend": 272.134209, "fair_value": 164.734356, "relative_strength": 38.635411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.355953, "energy": 68.797665, "activity_lines": [ 367.81382, 359.489905, 332.991476, 305.587565 ] }, { "date": "2024-05-24", "close": 396.981633, "volume": 2096422, "typical_volume": 2028224.1, "trend": 278.562752, "fair_value": 166.484011, "relative_strength": 44.24462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.95122, "energy": 76.259452, "activity_lines": [ 380.318673, 367.446652, 342.028175, 313.642237 ] }, { "date": "2024-05-31", "close": 386.994611, "volume": 5689015, "typical_volume": 2251496.05, "trend": 284.496011, "fair_value": 168.161639, "relative_strength": 39.483784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.902201, "energy": 83.095425, "activity_lines": [ 384.843866, 372.312584, 349.229121, 320.637841 ] }, { "date": "2024-06-07", "close": 374.388858, "volume": 3232730, "typical_volume": 2370706.4, "trend": 289.993834, "fair_value": 169.762622, "relative_strength": 31.854092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.013292, "energy": 65.608382, "activity_lines": [ 382.867704, 374.145562, 354.424234, 326.43738 ] }, { "date": "2024-06-14", "close": 375.583716, "volume": 1848700, "typical_volume": 2399441.45, "trend": 295.39926, "fair_value": 171.423658, "relative_strength": 28.782938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.572543, "energy": 62.842429, "activity_lines": [ 380.477988, 375.724146, 358.987411, 331.959308 ] }, { "date": "2024-06-21", "close": 379.636277, "volume": 2130536, "typical_volume": 2414319.05, "trend": 300.879125, "fair_value": 173.07776, "relative_strength": 28.019288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.697145, "energy": 54.138645, "activity_lines": [ 379.643579, 377.814299, 363.21038, 337.393954 ] }, { "date": "2024-06-28", "close": 363.51565, "volume": 2877097, "typical_volume": 2495588.15, "trend": 305.893881, "fair_value": 174.637983, "relative_strength": 21.581731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.924924, "energy": 39.003115, "activity_lines": [ 373.243122, 376.436773, 365.204706, 341.43502 ] }, { "date": "2024-07-05", "close": 360.986534, "volume": 1793598, "typical_volume": 2510521.25, "trend": 310.810745, "fair_value": 176.179282, "relative_strength": 17.530287, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.787977, "energy": 30.886901, "activity_lines": [ 368.230693, 373.939519, 366.388679, 344.989385 ] }, { "date": "2024-07-12", "close": 374.83693, "volume": 1648666, "typical_volume": 2498027.9, "trend": 316.125993, "fair_value": 177.827397, "relative_strength": 19.837584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.560599, "energy": 28.563206, "activity_lines": [ 369.568934, 373.806275, 368.371111, 349.120106 ] }, { "date": "2024-07-19", "close": 362.289897, "volume": 1975870, "typical_volume": 2351387.0, "trend": 321.043885, "fair_value": 179.38328, "relative_strength": 17.195162, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.770667, "energy": 19.785622, "activity_lines": [ 366.694959, 371.162193, 368.651608, 352.098423 ] }, { "date": "2024-07-26", "close": 362.728299, "volume": 3975606, "typical_volume": 2401825.95, "trend": 325.99561, "fair_value": 180.939637, "relative_strength": 17.517746, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.236621, "energy": 16.779527, "activity_lines": [ 364.853373, 368.895288, 368.764808, 354.78774 ] }, { "date": "2024-08-02", "close": 348.430398, "volume": 2404943, "typical_volume": 2373307.8, "trend": 330.569495, "fair_value": 182.407372, "relative_strength": 14.688442, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.97552, "energy": 9.119044, "activity_lines": [ 359.373018, 364.28368, 367.328952, 356.235145 ] }, { "date": "2024-08-09", "close": 354.47836, "volume": 2062825, "typical_volume": 2389132.4, "trend": 335.122612, "fair_value": 183.923279, "relative_strength": 16.011289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.295604, "energy": 11.611299, "activity_lines": [ 356.914334, 361.654451, 366.366363, 357.777653 ] }, { "date": "2024-08-16", "close": 365.259078, "volume": 1207771, "typical_volume": 2386009.8, "trend": 340.038404, "fair_value": 185.507915, "relative_strength": 14.310305, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.063633, "energy": 10.495104, "activity_lines": [ 358.483101, 361.576558, 366.391276, 359.721941 ] }, { "date": "2024-08-23", "close": 380.912042, "volume": 1350127, "typical_volume": 2361103.1, "trend": 345.299183, "fair_value": 187.166382, "relative_strength": 16.87356, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.125609, "energy": 15.643037, "activity_lines": [ 365.908046, 364.510654, 367.826898, 362.35895 ] }, { "date": "2024-08-30", "close": 391.632977, "volume": 1565057, "typical_volume": 2337097.6, "trend": 350.552494, "fair_value": 188.906448, "relative_strength": 19.08119, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.4121, "energy": 28.695266, "activity_lines": [ 375.66516, 369.297132, 370.199192, 365.348227 ] }, { "date": "2024-09-06", "close": 351.598852, "volume": 1642301, "typical_volume": 2303426.75, "trend": 354.141658, "fair_value": 190.422453, "relative_strength": 10.98417, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.791819, "energy": 15.320703, "activity_lines": [ 370.150587, 366.586557, 368.561032, 365.415734 ] }, { "date": "2024-09-13", "close": 394.980778, "volume": 1735037, "typical_volume": 2249650.25, "trend": 358.919181, "fair_value": 192.225573, "relative_strength": 19.012532, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 57.672192, "energy": 36.334601, "activity_lines": [ 378.885426, 371.980273, 370.938403, 368.050516 ] }, { "date": "2024-09-20", "close": 434.018534, "volume": 2115759, "typical_volume": 2238785.9, "trend": 364.440763, "fair_value": 194.26019, "relative_strength": 27.812148, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.83482, "energy": 65.646461, "activity_lines": [ 397.932689, 383.853687, 376.831381, 372.895635 ] }, { "date": "2024-09-27", "close": 425.53943, "volume": 2156887, "typical_volume": 2254455.45, "trend": 368.012423, "fair_value": 196.242473, "relative_strength": 23.617931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.665345, "energy": 67.705155, "activity_lines": [ 409.56962, 393.109416, 381.574886, 376.837485 ] }, { "date": "2024-10-04", "close": 433.420712, "volume": 1379181, "typical_volume": 2244406.4, "trend": 371.680295, "fair_value": 198.27471, "relative_strength": 24.494872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.66189, "energy": 76.062971, "activity_lines": [ 420.858486, 402.648113, 386.845708, 381.057374 ] }, { "date": "2024-10-11", "close": 448.81462, "volume": 1303151, "typical_volume": 2204742.85, "trend": 375.745546, "fair_value": 200.417318, "relative_strength": 26.239455, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.56299, "energy": 80.891645, "activity_lines": [ 434.492806, 413.700387, 393.31275, 386.033782 ] }, { "date": "2024-10-18", "close": 452.346711, "volume": 1162963, "typical_volume": 1978440.25, "trend": 379.282447, "fair_value": 202.551607, "relative_strength": 24.916115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.614491, "energy": 81.768744, "activity_lines": [ 442.823438, 423.569691, 399.869358, 390.975793 ] }, { "date": "2024-10-25", "close": 427.26397, "volume": 1379879, "typical_volume": 1885797.7, "trend": 381.909628, "fair_value": 204.522834, "relative_strength": 18.260905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.888026, "energy": 72.285168, "activity_lines": [ 438.968761, 427.099072, 403.725933, 394.071375 ] }, { "date": "2024-11-01", "close": 451.818339, "volume": 2155939, "typical_volume": 1901159.65, "trend": 384.863758, "fair_value": 206.583474, "relative_strength": 25.632449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.543718, "energy": 71.10467, "activity_lines": [ 443.749177, 433.965522, 409.669233, 398.581615 ] }, { "date": "2024-11-08", "close": 512.571212, "volume": 2758327, "typical_volume": 1932549.2, "trend": 390.278793, "fair_value": 209.047266, "relative_strength": 34.51607, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.141956, "energy": 85.321695, "activity_lines": [ 467.028625, 450.588744, 421.035499, 406.820805 ] }, { "date": "2024-11-15", "close": 497.328163, "volume": 2555534, "typical_volume": 1916471.05, "trend": 395.949004, "fair_value": 211.417453, "relative_strength": 31.818442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.13712, "energy": 82.168539, "activity_lines": [ 479.950355, 462.241625, 430.317022, 413.727216 ] }, { "date": "2024-11-22", "close": 503.369554, "volume": 2347977, "typical_volume": 1944190.0, "trend": 400.977887, "fair_value": 213.869397, "relative_strength": 29.814057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.750407, "energy": 86.569972, "activity_lines": [ 491.651647, 472.343317, 439.536714, 420.657574 ] }, { "date": "2024-11-29", "close": 508.553587, "volume": 1671854, "typical_volume": 1945349.4, "trend": 405.855965, "fair_value": 216.34699, "relative_strength": 28.204062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.575123, "energy": 86.831825, "activity_lines": [ 501.679427, 481.416856, 448.572109, 427.597942 ] }, { "date": "2024-12-06", "close": 507.466934, "volume": 1633246, "typical_volume": 1928218.2, "trend": 410.149845, "fair_value": 218.803273, "relative_strength": 25.486029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.577037, "energy": 80.416291, "activity_lines": [ 505.925681, 488.937639, 456.867267, 434.153488 ] }, { "date": "2024-12-13", "close": 477.808286, "volume": 1741541, "typical_volume": 1816514.95, "trend": 413.518498, "fair_value": 221.098439, "relative_strength": 17.741337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.291472, "energy": 59.449864, "activity_lines": [ 496.575813, 489.576349, 461.646472, 438.518549 ] }, { "date": "2024-12-20", "close": 464.389618, "volume": 2579255, "typical_volume": 1825230.55, "trend": 415.765431, "fair_value": 223.281998, "relative_strength": 15.499554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.115896, "energy": 44.582415, "activity_lines": [ 485.070584, 486.968254, 464.599709, 441.800557 ] }, { "date": "2024-12-27", "close": 457.969393, "volume": 649607, "typical_volume": 1754569.65, "trend": 418.131257, "fair_value": 225.412776, "relative_strength": 12.170187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.965, "energy": 29.209981, "activity_lines": [ 473.621183, 482.909664, 466.38931, 444.523393 ] }, { "date": "2025-01-03", "close": 472.195574, "volume": 1340372, "typical_volume": 1761199.7, "trend": 421.391481, "fair_value": 227.646246, "relative_strength": 15.153495, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.560329, "energy": 27.716623, "activity_lines": [ 469.94052, 481.335422, 469.04097, 448.011414 ] }, { "date": "2025-01-10", "close": 465.605871, "volume": 1621532, "typical_volume": 1774769.95, "trend": 424.392219, "fair_value": 229.842467, "relative_strength": 14.708124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.297476, "energy": 24.586241, "activity_lines": [ 466.487157, 477.746114, 470.555819, 450.863955 ] }, { "date": "2025-01-17", "close": 505.161822, "volume": 1853367, "typical_volume": 1789185.45, "trend": 428.576404, "fair_value": 232.340766, "relative_strength": 19.617222, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.859168, "energy": 28.23747, "activity_lines": [ 479.009848, 481.098115, 475.434596, 456.074897 ] }, { "date": "2025-01-24", "close": 530.276784, "volume": 1445902, "typical_volume": 1779365.5, "trend": 434.135109, "fair_value": 234.994365, "relative_strength": 22.061047, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.149185, "energy": 48.591142, "activity_lines": [ 498.080624, 489.151188, 482.164662, 462.636212 ] }, { "date": "2025-01-31", "close": 446.902692, "volume": 4496098, "typical_volume": 1917418.55, "trend": 436.998981, "fair_value": 237.123446, "relative_strength": 3.190262, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.224653, "energy": 25.571971, "activity_lines": [ 484.967559, 481.44627, 480.10349, 463.459927 ] }, { "date": "2025-02-07", "close": 460.557331, "volume": 2134178, "typical_volume": 1918339.5, "trend": 439.856327, "fair_value": 239.347456, "relative_strength": 5.755498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.815688, "energy": 17.42529, "activity_lines": [ 477.143819, 477.250683, 479.095513, 464.97982 ] }, { "date": "2025-02-14", "close": 425.188922, "volume": 2145726, "typical_volume": 1917781.45, "trend": 441.952961, "fair_value": 241.342343, "relative_strength": -4.27117, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.445363, "energy": 11.88031, "activity_lines": [ 458.306493, 467.497136, 474.592741, 464.033536 ] }, { "date": "2025-02-21", "close": 403.305591, "volume": 1941910, "typical_volume": 1945917.9, "trend": 443.305538, "fair_value": 243.187906, "relative_strength": -8.053472, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.618091, "energy": 39.175336, "activity_lines": [ 434.869187, 455.260766, 468.007511, 461.540158 ] }, { "date": "2025-02-28", "close": 407.853813, "volume": 3804352, "typical_volume": 2070977.95, "trend": 445.286318, "fair_value": 245.075529, "relative_strength": -6.257282, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.679784, "energy": 55.286045, "activity_lines": [ 419.73837, 445.205939, 461.99885, 459.252949 ] }, { "date": "2025-03-07", "close": 374.380497, "volume": 3018250, "typical_volume": 2163742.3, "trend": 445.949723, "fair_value": 246.737383, "relative_strength": -11.245977, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.05874, "energy": 69.571435, "activity_lines": [ 401.611312, 430.092979, 452.997306, 454.67838 ] }, { "date": "2025-03-14", "close": 387.506505, "volume": 2456644, "typical_volume": 2217580.55, "trend": 446.691304, "fair_value": 248.464783, "relative_strength": -6.09593, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.088569, "energy": 67.159018, "activity_lines": [ 392.694404, 418.886363, 445.617126, 450.90785 ] }, { "date": "2025-03-21", "close": 394.11938, "volume": 2978759, "typical_volume": 2258721.55, "trend": 447.131548, "fair_value": 250.260505, "relative_strength": -5.042017, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.049033, "energy": 60.304178, "activity_lines": [ 390.851842, 410.42189, 439.056065, 447.516113 ] }, { "date": "2025-03-28", "close": 369.912068, "volume": 2254472, "typical_volume": 2233528.8, "trend": 446.407518, "fair_value": 251.911553, "relative_strength": -9.518921, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.891398, "energy": 66.556872, "activity_lines": [ 383.011479, 398.855842, 430.464302, 442.534211 ] }, { "date": "2025-04-04", "close": 341.136586, "volume": 3247481, "typical_volume": 2268126.15, "trend": 446.058776, "fair_value": 253.381178, "relative_strength": -8.155259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.650856, "energy": 65.091563, "activity_lines": [ 367.805523, 384.516974, 419.811347, 435.742538 ] }, { "date": "2025-04-11", "close": 382.738852, "volume": 3993750, "typical_volume": 2350414.8, "trend": 445.650712, "fair_value": 255.094714, "relative_strength": -2.543733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.212974, "energy": 46.735681, "activity_lines": [ 370.914805, 381.181068, 413.864281, 431.657382 ] }, { "date": "2025-04-18", "close": 378.080914, "volume": 1641841, "typical_volume": 2348914.15, "trend": 443.786124, "fair_value": 256.797388, "relative_strength": -2.477615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.632935, "energy": 45.655442, "activity_lines": [ 371.914217, 378.164878, 408.048034, 427.29804 ] }, { "date": "2025-04-25", "close": 409.450421, "volume": 2032332, "typical_volume": 2368868.45, "trend": 443.249824, "fair_value": 258.747817, "relative_strength": 0.857885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.707201, "energy": 31.922854, "activity_lines": [ 383.998504, 382.351807, 405.840658, 425.082833 ] }, { "date": "2025-05-02", "close": 429.362024, "volume": 3604448, "typical_volume": 2462013.8, "trend": 443.114534, "fair_value": 260.828734, "relative_strength": 2.646961, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.377678, "energy": 20.106614, "activity_lines": [ 401.697922, 390.445182, 405.99637, 424.186846 ] }, { "date": "2025-05-09", "close": 438.58424, "volume": 1925926, "typical_volume": 2429347.35, "trend": 442.773522, "fair_value": 262.992323, "relative_strength": 5.189129, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.130021, "energy": 19.25944, "activity_lines": [ 418.508083, 399.74157, 407.261085, 423.894569 ] }, { "date": "2025-05-16", "close": 469.524575, "volume": 2705509, "typical_volume": 2532142.45, "trend": 443.346117, "fair_value": 265.352919, "relative_strength": 6.757581, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.530993, "energy": 25.911326, "activity_lines": [ 439.135178, 414.104738, 411.595381, 425.620444 ] }, { "date": "2025-05-23", "close": 462.42826, "volume": 2072151, "typical_volume": 2568731.4, "trend": 444.51826, "fair_value": 267.635224, "relative_strength": 7.774107, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.775059, "energy": 34.580774, "activity_lines": [ 451.611119, 425.447775, 415.198813, 426.85155 ] }, { "date": "2025-05-30", "close": 470.951823, "volume": 1772541, "typical_volume": 2576281.85, "trend": 445.156043, "fair_value": 269.977043, "relative_strength": 7.689911, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.796188, "energy": 49.737078, "activity_lines": [ 461.305092, 436.978337, 419.660524, 428.556941 ] }, { "date": "2025-06-06", "close": 487.87918, "volume": 1793855, "typical_volume": 2573306.25, "trend": 444.332975, "fair_value": 272.441872, "relative_strength": 9.449238, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.745006, "energy": 60.885343, "activity_lines": [ 472.541424, 450.189647, 425.708908, 431.313272 ] }, { "date": "2025-06-13", "close": 477.000159, "volume": 2005493, "typical_volume": 2601285.8, "trend": 443.655375, "fair_value": 274.890027, "relative_strength": 7.120221, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.463404, "energy": 54.054527, "activity_lines": [ 476.250272, 459.278096, 430.803492, 433.420832 ] }, { "date": "2025-06-20", "close": 484.096475, "volume": 2942136, "typical_volume": 2523587.7, "trend": 443.012939, "fair_value": 277.324338, "relative_strength": 8.585256, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.662932, "energy": 51.697463, "activity_lines": [ 479.763497, 467.186538, 436.827614, 436.029936 ] }, { "date": "2025-06-27", "close": 529.598729, "volume": 2037522, "typical_volume": 2518754.9, "trend": 443.714444, "fair_value": 280.066858, "relative_strength": 14.264318, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.584341, "energy": 65.911421, "activity_lines": [ 497.47268, 481.525251, 447.008171, 441.616116 ] }, { "date": "2025-07-04", "close": 546.166779, "volume": 1748750, "typical_volume": 2498906.1, "trend": 445.004439, "fair_value": 282.917863, "relative_strength": 15.242991, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.088604, "energy": 85.455145, "activity_lines": [ 516.226516, 496.121468, 458.437869, 448.225944 ] }, { "date": "2025-07-11", "close": 553.153307, "volume": 1885987, "typical_volume": 2496109.95, "trend": 447.51594, "fair_value": 285.815933, "relative_strength": 16.420714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.224847, "energy": 91.888447, "activity_lines": [ 532.294863, 509.50221, 469.956866, 455.20329 ] }, { "date": "2025-07-18", "close": 564.728171, "volume": 1586964, "typical_volume": 2385240.55, "trend": 450.860558, "fair_value": 288.760684, "relative_strength": 17.420068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.19544, "energy": 92.11369, "activity_lines": [ 547.86989, 522.736722, 481.86467, 462.765369 ] }, { "date": "2025-07-25", "close": 634.12595, "volume": 1722669, "typical_volume": 2320461.5, "trend": 456.732443, "fair_value": 292.087778, "relative_strength": 28.842047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.740436, "energy": 97.235111, "activity_lines": [ 580.728976, 546.295487, 499.634765, 474.588943 ] }, { "date": "2025-08-01", "close": 623.751231, "volume": 2797921, "typical_volume": 2337525.35, "trend": 461.784298, "fair_value": 295.360857, "relative_strength": 28.77512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.083473, "energy": 93.479665, "activity_lines": [ 600.127857, 564.975186, 515.179909, 485.364349 ] }, { "date": "2025-08-08", "close": 617.310718, "volume": 1585776, "typical_volume": 2267876.2, "trend": 466.841127, "fair_value": 298.54922, "relative_strength": 23.452821, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.660589, "energy": 88.653649, "activity_lines": [ 611.103068, 579.550739, 528.986696, 495.398311 ] }, { "date": "2025-08-15", "close": 604.72925, "volume": 1483044, "typical_volume": 2229304.8, "trend": 470.160041, "fair_value": 301.654714, "relative_strength": 18.965119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.050264, "energy": 79.979628, "activity_lines": [ 613.141526, 589.177681, 540.532432, 504.294319 ] }, { "date": "2025-08-22", "close": 609.342455, "volume": 1242096, "typical_volume": 2129035.55, "trend": 472.795563, "fair_value": 304.795358, "relative_strength": 18.778668, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.821446, "energy": 65.253648, "activity_lines": [ 613.279323, 597.51884, 551.399344, 513.27383 ] }, { "date": "2025-08-29", "close": 619.0881, "volume": 1751375, "typical_volume": 2016916.8, "trend": 478.535077, "fair_value": 308.026055, "relative_strength": 19.983008, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.97759, "energy": 63.696002, "activity_lines": [ 613.691382, 605.225712, 561.917241, 522.712058 ] }, { "date": "2025-09-05", "close": 624.480158, "volume": 1361902, "typical_volume": 2002919.85, "trend": 483.999171, "fair_value": 311.255178, "relative_strength": 19.737428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.141602, "energy": 60.853396, "activity_lines": [ 616.903318, 611.458564, 571.823195, 532.12787 ] }, { "date": "2025-09-12", "close": 628.154745, "volume": 3028372, "typical_volume": 2052721.85, "trend": 490.764699, "fair_value": 314.533342, "relative_strength": 17.892356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.455131, "energy": 59.326555, "activity_lines": [ 621.291521, 616.634407, 580.905781, 541.428229 ] }, { "date": "2025-09-19", "close": 631.090421, "volume": 12548056, "typical_volume": 2499902.25, "trend": 498.357526, "fair_value": 317.848649, "relative_strength": 16.507756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.859394, "energy": 56.90979, "activity_lines": [ 625.935348, 620.853318, 589.226505, 550.481502 ] }, { "date": "2025-09-26", "close": 639.627846, "volume": 2601287, "typical_volume": 2533670.3, "trend": 506.083327, "fair_value": 321.216654, "relative_strength": 17.828464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.556322, "energy": 56.908242, "activity_lines": [ 631.667571, 625.20745, 597.399706, 559.595716 ] }, { "date": "2025-10-03", "close": 653.44749, "volume": 1783541, "typical_volume": 2487571.9, "trend": 515.38556, "fair_value": 324.642813, "relative_strength": 18.459346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.222232, "energy": 58.849889, "activity_lines": [ 639.987316, 630.712432, 605.931713, 569.103081 ] }, { "date": "2025-10-10", "close": 662.763767, "volume": 2334170, "typical_volume": 2500672.85, "trend": 524.560802, "fair_value": 328.118104, "relative_strength": 22.466532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.933147, "energy": 58.309961, "activity_lines": [ 649.121861, 637.559983, 614.475161, 578.611353 ] }, { "date": "2025-10-17", "close": 688.245643, "volume": 2297945, "typical_volume": 2526943.05, "trend": 534.365011, "fair_value": 331.725805, "relative_strength": 24.269851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.878865, "energy": 62.48554, "activity_lines": [ 664.198124, 648.331282, 624.491476, 589.171665 ] }, { "date": "2025-10-24", "close": 747.409936, "volume": 2404190, "typical_volume": 2557459.8, "trend": 546.948274, "fair_value": 335.628022, "relative_strength": 31.309246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.574389, "energy": 85.581407, "activity_lines": [ 694.989759, 668.57, 639.107753, 602.916499 ] }, { "date": "2025-10-31", "close": 675.03032, "volume": 3947163, "typical_volume": 2654543.3, "trend": 558.078065, "fair_value": 339.038846, "relative_strength": 17.250073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.95725, "energy": 58.01332, "activity_lines": [ 693.90022, 673.054593, 645.594872, 611.179857 ] }, { "date": "2025-11-07", "close": 648.619651, "volume": 2108029, "typical_volume": 2612837.95, "trend": 566.940758, "fair_value": 342.23949, "relative_strength": 14.265884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.995956, "energy": 50.033705, "activity_lines": [ 681.64696, 671.542922, 648.623689, 617.021249 ] }, { "date": "2025-11-14", "close": 619.172355, "volume": 1905284, "typical_volume": 2606226.05, "trend": 574.977139, "fair_value": 345.222552, "relative_strength": 8.768694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.017843, "energy": 31.524663, "activity_lines": [ 659.89979, 664.14026, 648.064558, 620.39103 ] }, { "date": "2025-11-21", "close": 580.934821, "volume": 2649941, "typical_volume": 2651285.6, "trend": 580.693286, "fair_value": 347.960056, "relative_strength": 3.987819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.020528, "energy": 16.583589, "activity_lines": [ 628.31287, 649.881824, 643.437215, 620.775396 ] }, { "date": "2025-11-28", "close": 614.387669, "volume": 1276342, "typical_volume": 2620803.35, "trend": 586.860807, "fair_value": 350.921587, "relative_strength": 5.948028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.668841, "energy": 23.192788, "activity_lines": [ 615.030954, 642.564269, 641.830296, 622.949227 ] }, { "date": "2025-12-05", "close": 622.928184, "volume": 1866514, "typical_volume": 2634780.85, "trend": 593.005606, "fair_value": 353.971698, "relative_strength": 6.906751, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.24176, "energy": 19.201229, "activity_lines": [ 613.464028, 637.10322, 640.745168, 625.276155 ] }, { "date": "2025-12-12", "close": 622.95815, "volume": 1965071, "typical_volume": 2646900.95, "trend": 598.120058, "fair_value": 357.024477, "relative_strength": 7.253002, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.981294, "energy": 16.15055, "activity_lines": [ 615.380566, 631.951251, 639.38575, 627.208577 ] }, { "date": "2025-12-19", "close": 610.731729, "volume": 2552135, "typical_volume": 2634611.65, "trend": 603.063507, "fair_value": 359.988217, "relative_strength": 4.779251, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.529021, "energy": 10.050706, "activity_lines": [ 614.932397, 625.130647, 636.915091, 628.022233 ] }, { "date": "2025-12-26", "close": 626.394334, "volume": 710111, "typical_volume": 2590828.4, "trend": 608.244924, "fair_value": 363.063404, "relative_strength": 5.647839, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.191503, "energy": 7.863362, "activity_lines": [ 620.267805, 622.103826, 635.998107, 629.527448 ] }, { "date": "2026-01-02", "close": 637.94151, "volume": 1003619, "typical_volume": 2566857.15, "trend": 613.247002, "fair_value": 366.215594, "relative_strength": 8.412205, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.333427, "energy": 10.481707, "activity_lines": [ 626.421637, 622.301062, 636.137598, 631.443357 ] }, { "date": "2026-01-09", "close": 645.553057, "volume": 2096830, "typical_volume": 2609593.85, "trend": 618.865432, "fair_value": 369.383569, "relative_strength": 7.697633, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.477783, "energy": 15.04972, "activity_lines": [ 633.542396, 625.87255, 636.843845, 633.527618 ] }, { "date": "2026-01-16", "close": 698.337416, "volume": 2000617, "typical_volume": 2622055.95, "trend": 626.006796, "fair_value": 372.936733, "relative_strength": 16.508992, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.651608, "energy": 30.570736, "activity_lines": [ 656.749616, 639.577145, 642.404743, 638.654843 ] }, { "date": "2026-01-23", "close": 693.859676, "volume": 1110682, "typical_volume": 2609494.95, "trend": 631.482161, "fair_value": 376.453187, "relative_strength": 15.850525, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.733738, "energy": 52.003769, "activity_lines": [ 673.438971, 651.563645, 647.161811, 643.032448 ] }, { "date": "2026-01-30", "close": 720.366293, "volume": 1415427, "typical_volume": 2528847.7, "trend": 637.288812, "fair_value": 380.126467, "relative_strength": 19.036642, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.919246, "energy": 72.488432, "activity_lines": [ 693.422003, 667.01158, 654.11294, 648.766908 ] }, { "date": "2026-02-06", "close": 763.964281, "volume": 1760890, "typical_volume": 1989489.4, "trend": 644.315844, "fair_value": 384.096822, "relative_strength": 25.574824, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.617017, "energy": 82.977982, "activity_lines": [ 721.6729, 687.851303, 664.777156, 656.939519 ] }, { "date": "2026-02-13", "close": 800.415877, "volume": 2032215, "typical_volume": 1961035.8, "trend": 652.172101, "fair_value": 388.267037, "relative_strength": 31.928851, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.571644, "energy": 89.138493, "activity_lines": [ 753.67281, 712.599015, 678.28022, 667.010489 ] }, { "date": "2026-02-20", "close": 812.379837, "volume": 1456999, "typical_volume": 1944708.7, "trend": 658.113897, "fair_value": 392.422893, "relative_strength": 30.998831, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.430949, "energy": 92.467307, "activity_lines": [ 779.33652, 736.294943, 692.157051, 677.346472 ] }, { "date": "2026-02-27", "close": 724.25433, "volume": 2694742, "typical_volume": 1962737.3, "trend": 661.464001, "fair_value": 395.992047, "relative_strength": 16.474206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.063161, "energy": 77.69901, "activity_lines": [ 768.022232, 740.524021, 696.884156, 681.613597 ] }, { "date": "2026-03-06", "close": 705.433833, "volume": 2270091, "typical_volume": 1961344.6, "trend": 664.401438, "fair_value": 399.507019, "relative_strength": 14.79044, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.55251, "energy": 49.469121, "activity_lines": [ 748.408135, 739.267143, 699.526021, 684.45036 ] }, { "date": "2026-03-13", "close": 709.551754, "volume": 1574085, "typical_volume": 1919839.35, "trend": 667.895521, "fair_value": 403.036252, "relative_strength": 16.302449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.693004, "energy": 30.715864, "activity_lines": [ 731.162176, 737.321896, 702.47822, 687.363284 ] }, { "date": "2026-03-20", "close": 724.564174, "volume": 2302436, "typical_volume": 1837603.0, "trend": 671.736245, "fair_value": 406.685228, "relative_strength": 19.91599, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.683474, "energy": 24.46567, "activity_lines": [ 722.547859, 736.804176, 707.040451, 691.019326 ] }, { "date": "2026-03-27", "close": 732.520157, "volume": 1608127, "typical_volume": 1812607.9, "trend": 675.517314, "fair_value": 410.34778, "relative_strength": 22.77988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.346458, "energy": 21.596331, "activity_lines": [ 721.642316, 736.296432, 712.124518, 694.940869 ] }, { "date": "2026-04-03", "close": 755.918344, "volume": 1273964, "typical_volume": 1781041.9, "trend": 679.898587, "fair_value": 414.222398, "relative_strength": 21.336798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.741542, "energy": 23.851687, "activity_lines": [ 733.860147, 739.4214, 719.037459, 700.128032 ] }, { "date": "2026-04-10", "close": 802.025065, "volume": 1642952, "typical_volume": 1730692.45, "trend": 685.694264, "fair_value": 418.371794, "relative_strength": 23.125472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.066762, "energy": 41.666317, "activity_lines": [ 759.335952, 749.801069, 729.690344, 708.00716 ] }, { "date": "2026-04-17", "close": 806.05, "volume": 1636230, "typical_volume": 1748686.85, "trend": 691.52625, "fair_value": 422.535096, "relative_strength": 17.434801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.089016, "energy": 57.969999, "activity_lines": [ 779.713985, 759.427839, 739.673745, 715.772046 ] }, { "date": "2026-04-24", "close": 869.9, "volume": 1788633, "typical_volume": 1744792.8, "trend": 699.201988, "fair_value": 427.023596, "relative_strength": 24.903752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.212194, "energy": 78.989661, "activity_lines": [ 814.942136, 779.898505, 754.825421, 727.28003 ] }, { "date": "2026-05-01", "close": 903.5, "volume": 2230781, "typical_volume": 1758078.3, "trend": 707.537072, "fair_value": 431.747328, "relative_strength": 27.296988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.459118, "energy": 86.526917, "activity_lines": [ 851.681232, 805.214914, 772.001041, 740.460547 ] }, { "date": "2026-05-08", "close": 921.64, "volume": 1894423, "typical_volume": 1725192.7, "trend": 716.16628, "fair_value": 436.605027, "relative_strength": 25.727719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.480556, "energy": 90.330972, "activity_lines": [ 883.068338, 832.172775, 789.568367, 754.273639 ] }, { "date": "2026-05-15", "close": 913.11, "volume": 1795703, "typical_volume": 1779472.3, "trend": 723.661758, "fair_value": 441.409, "relative_strength": 23.262735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.90769, "energy": 89.063546, "activity_lines": [ 900.564, 853.990896, 804.842796, 766.979685 ] }, { "date": "2026-05-22", "close": 848.91, "volume": 1581758, "typical_volume": 1808379.25, "trend": 727.045094, "fair_value": 445.763839, "relative_strength": 12.885261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.08796, "energy": 75.386816, "activity_lines": [ 889.254, 860.36036, 812.637626, 775.060217 ] }, { "date": "2026-05-29", "close": 826.82, "volume": 1555593, "typical_volume": 1781317.4, "trend": 732.10475, "fair_value": 449.962254, "relative_strength": 7.787032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.966367, "energy": 51.725268, "activity_lines": [ 867.723333, 860.179673, 817.324035, 781.497308 ] }, { "date": "2026-06-05", "close": 817.44, "volume": 1924896, "typical_volume": 1777531.35, "trend": 737.732095, "fair_value": 454.091635, "relative_strength": 8.712382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.155699, "energy": 32.923335, "activity_lines": [ 845.938, 856.434336, 820.253935, 787.002808 ] }, { "date": "2026-06-12", "close": 822.622508, "volume": 1605451, "typical_volume": 1802269.8, "trend": 744.513767, "fair_value": 458.246986, "relative_strength": 8.16826, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.859201, "energy": 25.2346, "activity_lines": [ 831.617503, 852.087275, 823.110252, 792.479608 ] }, { "date": "2026-06-19", "close": 836.155476, "volume": 2257233, "typical_volume": 1844360.1, "trend": 753.021122, "fair_value": 462.490231, "relative_strength": 8.335104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.501147, "energy": 23.847405, "activity_lines": [ 828.409161, 848.987951, 826.642266, 798.391977 ] }, { "date": "2026-06-26", "close": 797.685467, "volume": 2882892, "typical_volume": 1900460.2, "trend": 759.131048, "fair_value": 466.428159, "relative_strength": 5.428943, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.786783, "energy": 19.857216, "activity_lines": [ 817.507784, 838.273528, 825.959094, 801.273547 ] }, { "date": "2026-07-03", "close": 774.257642, "volume": 1831129, "typical_volume": 1890405.9, "trend": 764.175364, "fair_value": 470.218644, "relative_strength": -0.126689, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.062411, "energy": 13.933525, "activity_lines": [ 802.212101, 823.451582, 822.884122, 802.249457 ] }, { "date": "2026-07-10", "close": 781.373944, "volume": 1890546, "typical_volume": 1912083.25, "trend": 769.45589, "fair_value": 474.033563, "relative_strength": -0.81973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.134057, "energy": 13.706099, "activity_lines": [ 792.792677, 811.662461, 820.611457, 803.359042 ] }, { "date": "2026-07-17", "close": 744.16, "volume": 3108266, "typical_volume": 1932759.45, "trend": 773.903499, "fair_value": 477.591806, "relative_strength": -4.22285, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.252197, "energy": 29.34749, "activity_lines": [ 773.373007, 795.327642, 814.942254, 801.72705 ] }, { "date": "2026-07-24", "close": 744.85, "volume": 1702938, "typical_volume": 1904401.8, "trend": 777.852021, "fair_value": 481.017767, "relative_strength": -3.57137, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.823607, "energy": 42.483042, "activity_lines": [ 759.414172, 782.345187, 809.243976, 799.85263 ] }, { "date": "2026-07-31", "close": 797.43, "volume": 3216975, "typical_volume": 1986546.3, "trend": 783.168304, "fair_value": 484.748561, "relative_strength": 2.016607, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.780351, "energy": 31.661012, "activity_lines": [ 769.069035, 781.982004, 808.365621, 801.115726 ] }, { "date": "2026-08-07", "close": 816.9, "volume": 2129783, "typical_volume": 1977913.65, "trend": 788.879869, "fair_value": 488.578121, "relative_strength": 0.819897, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.901239, "energy": 11.470787, "activity_lines": [ 785.23093, 786.094822, 808.923084, 803.291964 ] } ], "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." } } }