{ "ticker": { "uuid": "dec2c1a6-a0ef-4b0d-a66c-f8c1620642df", "symbol": "KMR", "name": "Kenmare Resources 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -43.752, "architecture_energy": 30.001, "architecture_maturity": 80.19, "architecture_confidence": 87.346, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 29.08, "rotation_up": 25.2, "upward_expansion": 15.42, "deceleration": 46.42, "rotation_down": 38.49, "downward_expansion": 65.42 }, "activity_lines": [ 199.773333, 197.687273, 205.360952, 211.467312 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 210.0, "trend_reference": 222.483333, "distance_from_trend": -0.056109, "trend_direction": "Weakening", "fair_value": 317.283556, "distance_from_fair_value": -0.338131, "fair_value_direction": "Weakening", "relative_strength": -22.428981, "relative_strength_direction": "Weakening", "price_momentum": -0.135802, "excess_performance": -0.187038, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.056109, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.075016, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.338131, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.0438, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.22429, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.003991, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.135802, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.739135, "read": "Supply-led" } ], "volume": { "latest": 170508, "relative_activity": 0.426588, "balance": 0.739135, "dry_up": 0.707961, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.072807, "annualized_volatility": 0.420647, "from_high_reference": -0.391113, "from_low_reference": 0.166667 }, "levels": { "trend_reference": 222.483333, "fair_value_reference": 317.283556, "structural_low": 180.0, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": -0.019608, "positive_rate": 0.407407, "directional_follow_through": 0.592593, "median_excess_return": -0.036613, "regime_survival": 0.814815, "best_return": 0.428571, "worst_return": -0.210393, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.067366, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.083719, "regime_survival": 0.7, "best_return": 0.340531, "worst_return": -0.146615, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.08235, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.164711, "regime_survival": 0.4, "best_return": 0.08645, "worst_return": -0.25199, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.183788, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.300153, "regime_survival": 0.666667, "best_return": -0.034046, "worst_return": -0.223291, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-07", "end": "2024-06-14", "tenure": "New", "return": -0.07781, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-11-29", "tenure": "Established", "return": 0.13795, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2024-12-20", "tenure": "New", "return": -0.07355, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-01-03", "tenure": "New", "return": -0.035114, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": -0.014493, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.069768, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": 0.059702, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-05-23", "tenure": "Developing", "return": -0.0421, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": -0.161458, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": 0.001534, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-08-08", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2026-02-20", "tenure": "Extended", "return": -0.214886, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.296552, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-07", "tenure": "Established", "return": 0.076923, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 420.379211, "volume": 412834, "typical_volume": 546882.5, "trend": 452.722842, "fair_value": 416.810405, "relative_strength": -1.42395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.779415, "energy": 51.251819, "activity_lines": [ 419.814026, 425.909896, 433.976697, 441.707508 ] }, { "date": "2023-08-25", "close": 420.877838, "volume": 382067, "typical_volume": 547228.35, "trend": 450.841918, "fair_value": 418.009089, "relative_strength": -2.265637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.714094, "energy": 41.655231, "activity_lines": [ 419.913755, 423.969611, 431.979209, 439.652992 ] }, { "date": "2023-09-01", "close": 418.384521, "volume": 863331, "typical_volume": 554018.25, "trend": 448.711808, "fair_value": 419.255588, "relative_strength": -4.348908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.362695, "energy": 35.360572, "activity_lines": [ 419.381848, 421.875198, 429.946535, 437.558966 ] }, { "date": "2023-09-08", "close": 418.883179, "volume": 500569, "typical_volume": 554207.45, "trend": 446.51528, "fair_value": 420.438296, "relative_strength": -4.328795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.121813, "energy": 33.450238, "activity_lines": [ 419.415094, 420.596788, 428.224936, 435.634538 ] }, { "date": "2023-09-15", "close": 431.349915, "volume": 6295832, "typical_volume": 827974.8, "trend": 445.016642, "fair_value": 421.570133, "relative_strength": -4.358414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.19015, "energy": 22.684168, "activity_lines": [ 423.304716, 422.074662, 427.913858, 434.656128 ] }, { "date": "2023-09-22", "close": 409.077423, "volume": 324622, "typical_volume": 817070.3, "trend": 442.54308, "fair_value": 422.693029, "relative_strength": -8.812491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.240082, "energy": 32.496844, "activity_lines": [ 419.005546, 419.548327, 425.621694, 432.337468 ] }, { "date": "2023-09-29", "close": 414.066162, "volume": 238445, "typical_volume": 814885.55, "trend": 440.169379, "fair_value": 423.650111, "relative_strength": -6.716568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.38364, "energy": 30.32773, "activity_lines": [ 417.122742, 418.44279, 423.972447, 430.500248 ] }, { "date": "2023-10-06", "close": 403.090912, "volume": 408605, "typical_volume": 814927.6, "trend": 437.446442, "fair_value": 424.587882, "relative_strength": -7.722168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.114168, "energy": 37.681881, "activity_lines": [ 412.035632, 415.520003, 421.433856, 428.108089 ] }, { "date": "2023-10-13", "close": 404.088684, "volume": 310589, "typical_volume": 801968.2, "trend": 436.317889, "fair_value": 425.519288, "relative_strength": -8.5878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.941945, "energy": 52.2734, "activity_lines": [ 408.300688, 413.165495, 419.215092, 425.955975 ] }, { "date": "2023-10-20", "close": 397.104401, "volume": 668735, "typical_volume": 814359.8, "trend": 434.059711, "fair_value": 426.367641, "relative_strength": -7.557822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.848803, "energy": 56.120411, "activity_lines": [ 403.223948, 409.728507, 416.470473, 423.426073 ] }, { "date": "2023-10-27", "close": 392.614532, "volume": 505961, "typical_volume": 826520.2, "trend": 431.552223, "fair_value": 427.034082, "relative_strength": -7.054508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.955965, "energy": 59.121324, "activity_lines": [ 398.93362, 405.88929, 413.544433, 420.752191 ] }, { "date": "2023-11-03", "close": 395.108948, "volume": 645618, "typical_volume": 845664.7, "trend": 429.277353, "fair_value": 427.690992, "relative_strength": -7.956521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.23421, "energy": 50.416607, "activity_lines": [ 396.57229, 403.008416, 411.054658, 418.401011 ] }, { "date": "2023-11-10", "close": 386.628052, "volume": 496266, "typical_volume": 835195.5, "trend": 426.373724, "fair_value": 428.236113, "relative_strength": -8.973004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.721703, "energy": 52.85204, "activity_lines": [ 392.647809, 399.054086, 407.958251, 415.649444 ] }, { "date": "2023-11-17", "close": 394.111145, "volume": 634402, "typical_volume": 805403.75, "trend": 423.985491, "fair_value": 428.912148, "relative_strength": -8.771623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.718625, "energy": 39.998936, "activity_lines": [ 392.315216, 397.037708, 405.91571, 413.567987 ] }, { "date": "2023-11-24", "close": 403.090912, "volume": 459511, "typical_volume": 814658.2, "trend": 422.062805, "fair_value": 429.594703, "relative_strength": -6.352656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.361007, "energy": 33.177661, "activity_lines": [ 395.641048, 397.104416, 404.974576, 412.21995 ] }, { "date": "2023-12-01", "close": 409.077423, "volume": 529128, "typical_volume": 828152.2, "trend": 420.888207, "fair_value": 430.270969, "relative_strength": -5.398373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.917361, "energy": 22.429342, "activity_lines": [ 400.563283, 398.773381, 404.750027, 411.382183 ] }, { "date": "2023-12-08", "close": 396.106659, "volume": 498418, "typical_volume": 806812.9, "trend": 419.198138, "fair_value": 430.825808, "relative_strength": -8.569328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.902446, "energy": 19.102354, "activity_lines": [ 400.064404, 398.084025, 403.424721, 409.783373 ] }, { "date": "2023-12-15", "close": 392.614532, "volume": 894240, "typical_volume": 824388.5, "trend": 417.275309, "fair_value": 431.319978, "relative_strength": -9.485972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.787759, "energy": 19.165731, "activity_lines": [ 398.334969, 397.086273, 401.899038, 408.068302 ] }, { "date": "2023-12-22", "close": 383.135925, "volume": 367763, "typical_volume": 819957.25, "trend": 415.601687, "fair_value": 431.836333, "relative_strength": -12.839391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.474326, "energy": 29.506655, "activity_lines": [ 393.046899, 394.555618, 399.62184, 405.865761 ] }, { "date": "2023-12-29", "close": 393.612305, "volume": 86533, "typical_volume": 776173.45, "trend": 413.761983, "fair_value": 432.362422, "relative_strength": -10.636592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.324661, "energy": 29.287203, "activity_lines": [ 391.982637, 394.310718, 398.491246, 404.447091 ] }, { "date": "2024-01-05", "close": 381.639282, "volume": 222133, "typical_volume": 766638.4, "trend": 412.005228, "fair_value": 432.467218, "relative_strength": -12.651716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.861921, "energy": 39.289895, "activity_lines": [ 387.559275, 391.952398, 396.345451, 402.374659 ] }, { "date": "2024-01-12", "close": 359.189941, "volume": 752246, "typical_volume": 785147.35, "trend": 409.400426, "fair_value": 432.15375, "relative_strength": -16.843157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.822582, "energy": 59.650984, "activity_lines": [ 377.482009, 385.711929, 392.246099, 398.967221 ] }, { "date": "2024-01-19", "close": 319.279938, "volume": 2661612, "typical_volume": 875061.4, "trend": 404.767153, "fair_value": 431.635493, "relative_strength": -24.048794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.224676, "energy": 78.423961, "activity_lines": [ 356.562522, 372.86817, 384.639546, 393.152996 ] }, { "date": "2024-01-26", "close": 310.799072, "volume": 1020382, "typical_volume": 901052.05, "trend": 400.266742, "fair_value": 431.184098, "relative_strength": -27.227691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.882043, "energy": 87.915243, "activity_lines": [ 337.705054, 359.706945, 376.697218, 387.090539 ] }, { "date": "2024-02-02", "close": 305.311462, "volume": 955657, "typical_volume": 634043.3, "trend": 395.982347, "fair_value": 430.729429, "relative_strength": -27.808788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.200927, "energy": 91.358062, "activity_lines": [ 321.840838, 347.062738, 368.746947, 380.964392 ] }, { "date": "2024-02-09", "close": 299.324951, "volume": 1100393, "typical_volume": 672831.85, "trend": 391.382045, "fair_value": 430.204482, "relative_strength": -28.277609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.291444, "energy": 91.355599, "activity_lines": [ 309.867842, 335.107883, 360.826715, 374.728431 ] }, { "date": "2024-02-16", "close": 319.279938, "volume": 3056707, "typical_volume": 813744.95, "trend": 387.895714, "fair_value": 429.686225, "relative_strength": -24.39847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.349243, "energy": 85.87091, "activity_lines": [ 310.034131, 328.776707, 355.329589, 370.076682 ] }, { "date": "2024-02-23", "close": 302.318207, "volume": 596336, "typical_volume": 823131.5, "trend": 383.82737, "fair_value": 429.071999, "relative_strength": -27.804076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.872924, "energy": 76.139286, "activity_lines": [ 307.207176, 320.758429, 348.668423, 364.555553 ] }, { "date": "2024-03-01", "close": 304.31366, "volume": 1161714, "typical_volume": 865687.75, "trend": 380.157987, "fair_value": 428.470564, "relative_strength": -26.544733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.030906, "energy": 59.890083, "activity_lines": [ 306.176154, 314.744713, 342.67717, 359.425636 ] }, { "date": "2024-03-08", "close": 300.322693, "volume": 1969127, "typical_volume": 930707.35, "trend": 376.172727, "fair_value": 427.818025, "relative_strength": -26.681593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.777195, "energy": 57.288477, "activity_lines": [ 304.24717, 309.438498, 336.780944, 354.274972 ] }, { "date": "2024-03-15", "close": 298.327148, "volume": 676297, "typical_volume": 939224.15, "trend": 372.104325, "fair_value": 427.24202, "relative_strength": -27.254959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.979368, "energy": 57.856021, "activity_lines": [ 301.98559, 305.465631, 331.155532, 349.252677 ] }, { "date": "2024-03-22", "close": 320.77655, "volume": 2179742, "typical_volume": 1015930.35, "trend": 368.767616, "fair_value": 426.631269, "relative_strength": -23.166315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.375881, "energy": 44.423705, "activity_lines": [ 307.273663, 307.08924, 328.117145, 345.941207 ] }, { "date": "2024-03-29", "close": 325.765289, "volume": 722633, "typical_volume": 1027248.7, "trend": 365.680308, "fair_value": 426.160965, "relative_strength": -21.601806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.281588, "energy": 35.397736, "activity_lines": [ 314.124876, 310.318318, 325.90784, 343.166863 ] }, { "date": "2024-04-05", "close": 354.201172, "volume": 1058938, "typical_volume": 1048475.5, "trend": 363.524241, "fair_value": 425.656007, "relative_strength": -13.834139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.576448, "energy": 19.714917, "activity_lines": [ 328.891577, 318.59964, 326.696538, 342.426274 ] }, { "date": "2024-04-12", "close": 338.100769, "volume": 1549191, "typical_volume": 1102959.5, "trend": 360.415936, "fair_value": 425.053713, "relative_strength": -18.076481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.554403, "energy": 24.378819, "activity_lines": [ 334.965643, 323.164488, 326.141911, 340.78605 ] }, { "date": "2024-04-19", "close": 333.606079, "volume": 654254, "typical_volume": 1109215.8, "trend": 357.900225, "fair_value": 424.390699, "relative_strength": -17.63545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.229441, "energy": 20.069709, "activity_lines": [ 337.022941, 326.31595, 325.468695, 339.056382 ] }, { "date": "2024-04-26", "close": 332.607239, "volume": 529352, "typical_volume": 1110762.5, "trend": 355.184927, "fair_value": 423.746809, "relative_strength": -19.811083, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.122455, "energy": 17.830982, "activity_lines": [ 336.395363, 328.662512, 325.059739, 337.424576 ] }, { "date": "2024-05-03", "close": 330.110199, "volume": 564871, "typical_volume": 1094294.05, "trend": 352.752237, "fair_value": 422.991188, "relative_strength": -20.620043, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.063999, "energy": 11.284939, "activity_lines": [ 334.146727, 330.312751, 324.715347, 335.806852 ] }, { "date": "2024-05-10", "close": 330.609619, "volume": 330991, "typical_volume": 1092455.45, "trend": 350.302935, "fair_value": 422.3664, "relative_strength": -22.031144, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.498195, "energy": 9.733652, "activity_lines": [ 331.774902, 331.548486, 324.716159, 334.378296 ] }, { "date": "2024-05-17", "close": 357.078339, "volume": 1223639, "typical_volume": 1149310.75, "trend": 348.968733, "fair_value": 421.904902, "relative_strength": -15.146153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.763801, "energy": 9.234975, "activity_lines": [ 339.798755, 337.118606, 327.487927, 334.815419 ] }, { "date": "2024-05-24", "close": 359.575439, "volume": 577675, "typical_volume": 1167087.85, "trend": 347.86743, "fair_value": 421.459411, "relative_strength": -13.043148, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.506021, "energy": 24.370033, "activity_lines": [ 347.389803, 342.110824, 330.671486, 335.499722 ] }, { "date": "2024-05-31", "close": 359.575439, "volume": 363781, "typical_volume": 1147664.6, "trend": 346.682979, "fair_value": 420.950104, "relative_strength": -12.070987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.361791, "energy": 41.406803, "activity_lines": [ 353.24956, 345.989437, 333.96011, 336.255078 ] }, { "date": "2024-06-07", "close": 346.590729, "volume": 576160, "typical_volume": 1043392.0, "trend": 345.348402, "fair_value": 420.338417, "relative_strength": -14.424989, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.715466, "energy": 35.858082, "activity_lines": [ 352.983201, 346.801759, 336.010259, 336.249126 ] }, { "date": "2024-06-14", "close": 319.622589, "volume": 265657, "typical_volume": 1005655.75, "trend": 342.86545, "fair_value": 419.56662, "relative_strength": -19.562881, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -12.03629, "energy": 11.216252, "activity_lines": [ 342.62876, 342.332138, 335.361963, 334.589396 ] }, { "date": "2024-06-21", "close": 316.12674, "volume": 619818, "typical_volume": 988863.8, "trend": 339.966644, "fair_value": 418.797941, "relative_strength": -20.598268, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.195591, "energy": 18.813648, "activity_lines": [ 331.841504, 337.85561, 334.338712, 332.864318 ] }, { "date": "2024-06-28", "close": 315.127869, "volume": 701217, "typical_volume": 968905.0, "trend": 336.834992, "fair_value": 418.042003, "relative_strength": -19.475772, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.292787, "energy": 29.51544, "activity_lines": [ 323.451398, 333.596997, 333.168829, 331.261817 ] }, { "date": "2024-07-05", "close": 325.615509, "volume": 599730, "typical_volume": 846056.15, "trend": 334.485287, "fair_value": 417.353293, "relative_strength": -16.526647, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.468351, "energy": 33.020061, "activity_lines": [ 321.520343, 331.581195, 332.922517, 330.537979 ] }, { "date": "2024-07-12", "close": 329.610779, "volume": 826084, "typical_volume": 857543.55, "trend": 332.385162, "fair_value": 416.626379, "relative_strength": -15.357618, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.251569, "energy": 28.523997, "activity_lines": [ 323.18504, 330.418928, 333.026538, 330.223495 ] }, { "date": "2024-07-19", "close": 326.114899, "volume": 687650, "typical_volume": 833840.35, "trend": 330.484461, "fair_value": 416.081266, "relative_strength": -14.724735, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.897481, "energy": 21.867427, "activity_lines": [ 324.816441, 328.630127, 332.667652, 329.818961 ] }, { "date": "2024-07-26", "close": 329.610779, "volume": 500164, "typical_volume": 760392.2, "trend": 328.351077, "fair_value": 415.507509, "relative_strength": -14.624617, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.363786, "energy": 5.805405, "activity_lines": [ 327.180314, 327.558663, 332.537893, 329.762595 ] }, { "date": "2024-08-02", "close": 323.617859, "volume": 487261, "typical_volume": 750940.4, "trend": 326.41703, "fair_value": 414.895337, "relative_strength": -14.502541, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.044902, "energy": 3.241962, "activity_lines": [ 326.647612, 325.896987, 331.697912, 329.457226 ] }, { "date": "2024-08-09", "close": 328.611969, "volume": 591088, "typical_volume": 671507.7, "trend": 325.397764, "fair_value": 414.155639, "relative_strength": -12.547355, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.259647, "energy": 10.780373, "activity_lines": [ 327.213613, 325.797105, 331.213129, 329.598835 ] }, { "date": "2024-08-16", "close": 350.58606, "volume": 525924, "typical_volume": 661672.25, "trend": 326.441302, "fair_value": 413.773774, "relative_strength": -7.702209, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.411712, "energy": 21.580961, "activity_lines": [ 334.904547, 330.255484, 332.783804, 331.223886 ] }, { "date": "2024-08-23", "close": 347.090149, "volume": 425680, "typical_volume": 630009.35, "trend": 327.651004, "fair_value": 413.318446, "relative_strength": -8.197074, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.879732, "energy": 31.413477, "activity_lines": [ 340.031826, 334.005602, 333.903342, 332.55607 ] }, { "date": "2024-08-30", "close": 350.086609, "volume": 741571, "typical_volume": 589628.35, "trend": 329.143509, "fair_value": 412.882327, "relative_strength": -7.384678, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.122072, "energy": 41.836482, "activity_lines": [ 344.759575, 337.801119, 335.342119, 334.003528 ] }, { "date": "2024-09-06", "close": 324.616699, "volume": 517416, "typical_volume": 582786.45, "trend": 329.986567, "fair_value": 412.193596, "relative_strength": -11.458429, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.787359, "energy": 23.981494, "activity_lines": [ 339.632298, 336.348292, 334.298114, 333.711476 ] }, { "date": "2024-09-13", "close": 328.611969, "volume": 326242, "typical_volume": 572630.95, "trend": 330.297635, "fair_value": 411.54324, "relative_strength": -10.739917, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.135807, "energy": 16.144263, "activity_lines": [ 335.770188, 335.449354, 333.677419, 333.622792 ] }, { "date": "2024-09-20", "close": 319.266144, "volume": 511212, "typical_volume": 569948.0, "trend": 330.862566, "fair_value": 410.83889, "relative_strength": -12.276729, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.103894, "energy": 10.609667, "activity_lines": [ 328.792804, 332.796693, 332.185669, 332.911083 ] }, { "date": "2024-09-27", "close": 326.76062, "volume": 534725, "typical_volume": 580134.7, "trend": 331.610798, "fair_value": 410.188964, "relative_strength": -10.608154, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.872604, "energy": 13.995356, "activity_lines": [ 326.401573, 331.694749, 331.459318, 332.646442 ] }, { "date": "2024-10-04", "close": 330.757721, "volume": 308465, "typical_volume": 534376.0, "trend": 332.625299, "fair_value": 409.56466, "relative_strength": -8.521139, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.201175, "energy": 21.969329, "activity_lines": [ 326.69801, 331.30781, 331.131971, 332.591404 ] }, { "date": "2024-10-11", "close": 328.259552, "volume": 258206, "typical_volume": 518402.55, "trend": 333.623046, "fair_value": 408.732863, "relative_strength": -8.375398, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.840607, "energy": 28.647099, "activity_lines": [ 327.450317, 330.445805, 330.69204, 332.309743 ] }, { "date": "2024-10-18", "close": 338.751831, "volume": 609146, "typical_volume": 530670.8, "trend": 334.222222, "fair_value": 408.083212, "relative_strength": -6.084204, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.564541, "energy": 5.281051, "activity_lines": [ 331.457194, 331.407092, 331.400497, 332.640633 ] }, { "date": "2024-10-25", "close": 345.746735, "volume": 304469, "typical_volume": 517086.25, "trend": 334.88827, "fair_value": 407.554991, "relative_strength": -2.353271, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.578892, "energy": 10.856144, "activity_lines": [ 337.119714, 333.455819, 332.874295, 333.38415 ] }, { "date": "2024-11-01", "close": 353.740875, "volume": 889087, "typical_volume": 548257.75, "trend": 334.872927, "fair_value": 407.148225, "relative_strength": 1.233038, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.167444, "energy": 28.573369, "activity_lines": [ 343.681576, 337.046014, 335.113459, 334.600447 ] }, { "date": "2024-11-08", "close": 341.749634, "volume": 276703, "typical_volume": 531102.0, "trend": 334.994556, "fair_value": 406.741184, "relative_strength": -0.472425, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.333101, "energy": 38.896704, "activity_lines": [ 344.447673, 338.335061, 336.048132, 335.044105 ] }, { "date": "2024-11-15", "close": 342.249298, "volume": 459234, "typical_volume": 519002.85, "trend": 335.282663, "fair_value": 406.267136, "relative_strength": 0.238411, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.134991, "energy": 42.817869, "activity_lines": [ 344.64753, 339.866538, 336.908378, 335.512153 ] }, { "date": "2024-11-22", "close": 347.74527, "volume": 269162, "typical_volume": 502474.45, "trend": 335.787264, "fair_value": 405.809171, "relative_strength": -0.065969, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.586471, "energy": 40.014947, "activity_lines": [ 345.746729, 342.076689, 338.162901, 336.316192 ] }, { "date": "2024-11-29", "close": 359.736481, "volume": 515173, "typical_volume": 486928.9, "trend": 336.774807, "fair_value": 405.44722, "relative_strength": 3.582262, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.737529, "energy": 41.461665, "activity_lines": [ 350.243435, 346.119182, 340.454063, 337.861303 ] }, { "date": "2024-12-06", "close": 353.241241, "volume": 605244, "typical_volume": 482808.6, "trend": 337.529194, "fair_value": 405.056399, "relative_strength": 1.915129, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.904276, "energy": 41.620722, "activity_lines": [ 351.642411, 348.244899, 341.983176, 338.923654 ] }, { "date": "2024-12-13", "close": 335.254425, "volume": 561854, "typical_volume": 485893.1, "trend": 336.80173, "fair_value": 404.409859, "relative_strength": -2.664729, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.738528, "energy": 23.972919, "activity_lines": [ 347.079091, 346.618819, 341.670086, 338.776894 ] }, { "date": "2024-12-20", "close": 327.260284, "volume": 346408, "typical_volume": 478850.45, "trend": 335.724559, "fair_value": 403.648248, "relative_strength": -2.028672, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.416331, "energy": 8.866663, "activity_lines": [ 340.284072, 343.457501, 340.568774, 338.161317 ] }, { "date": "2024-12-27", "close": 327.260284, "volume": 120754, "typical_volume": 455333.75, "trend": 334.647387, "fair_value": 402.784514, "relative_strength": -2.324042, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.806035, "energy": 10.475023, "activity_lines": [ 334.48832, 340.314351, 339.450117, 337.615235 ] }, { "date": "2025-01-03", "close": 315.768707, "volume": 289251, "typical_volume": 443500.1, "trend": 333.619986, "fair_value": 401.80882, "relative_strength": -6.110797, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.715356, "energy": 25.537124, "activity_lines": [ 326.227708, 335.290761, 337.243461, 336.397256 ] }, { "date": "2025-01-10", "close": 310.272736, "volume": 338137, "typical_volume": 439122.95, "trend": 333.308324, "fair_value": 400.868105, "relative_strength": -7.606563, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.043131, "energy": 44.41276, "activity_lines": [ 319.06629, 329.812958, 334.679177, 334.890981 ] }, { "date": "2025-01-17", "close": 309.773102, "volume": 222238, "typical_volume": 413156.3, "trend": 333.096536, "fair_value": 399.988014, "relative_strength": -10.269594, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.309675, "energy": 53.411891, "activity_lines": [ 314.602895, 325.034643, 332.242629, 333.37258 ] }, { "date": "2025-01-24", "close": 305.776001, "volume": 444659, "typical_volume": 409518.45, "trend": 332.784807, "fair_value": 399.216336, "relative_strength": -11.198694, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.731051, "energy": 65.986973, "activity_lines": [ 310.505888, 320.110974, 329.617373, 331.609965 ] }, { "date": "2025-01-31", "close": 300.779694, "volume": 870448, "typical_volume": 436728.75, "trend": 331.956947, "fair_value": 398.342421, "relative_strength": -14.157037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.929687, "energy": 65.446145, "activity_lines": [ 306.175731, 314.942036, 326.605997, 329.545119 ] }, { "date": "2025-02-07", "close": 293.78479, "volume": 509029, "typical_volume": 436619.6, "trend": 330.762747, "fair_value": 397.506642, "relative_strength": -16.178883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.761563, "energy": 66.255394, "activity_lines": [ 301.279311, 309.355216, 323.060974, 327.082399 ] }, { "date": "2025-02-14", "close": 294.784088, "volume": 193722, "typical_volume": 419569.45, "trend": 329.718387, "fair_value": 396.638973, "relative_strength": -15.89503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.760386, "energy": 66.140616, "activity_lines": [ 298.181586, 305.149209, 319.732462, 324.761195 ] }, { "date": "2025-02-21", "close": 296.782593, "volume": 347294, "typical_volume": 421510.9, "trend": 328.624114, "fair_value": 395.77135, "relative_strength": -14.406745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.284852, "energy": 59.027569, "activity_lines": [ 296.782605, 302.369424, 316.746553, 322.636305 ] }, { "date": "2025-02-28", "close": 279.795044, "volume": 238326, "typical_volume": 420516.9, "trend": 327.163354, "fair_value": 394.877806, "relative_strength": -20.382496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.351734, "energy": 65.970949, "activity_lines": [ 290.587142, 297.200482, 312.304569, 319.486043 ] }, { "date": "2025-03-07", "close": 401.705719, "volume": 3544460, "typical_volume": 567282.6, "trend": 329.599812, "fair_value": 394.504052, "relative_strength": 15.623162, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -1.686749, "energy": 9.391192, "activity_lines": [ 326.760634, 315.060121, 319.703908, 324.295227 ] }, { "date": "2025-03-14", "close": 417.694031, "volume": 898674, "typical_volume": 596992.85, "trend": 331.836744, "fair_value": 394.322145, "relative_strength": 20.32261, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.984596, "energy": 41.491759, "activity_lines": [ 361.535162, 334.473172, 328.326163, 329.978725 ] }, { "date": "2025-03-21", "close": 425.688171, "volume": 560335, "typical_volume": 580555.25, "trend": 334.456678, "fair_value": 394.178716, "relative_strength": 21.907706, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.498661, "energy": 78.682021, "activity_lines": [ 390.713788, 353.486516, 337.367159, 336.033656 ] }, { "date": "2025-03-28", "close": 399.707214, "volume": 671580, "typical_volume": 600299.1, "trend": 336.110698, "fair_value": 393.757046, "relative_strength": 14.025118, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.550792, "energy": 74.78156, "activity_lines": [ 402.505155, 365.677587, 343.591172, 340.243368 ] }, { "date": "2025-04-04", "close": 371.228058, "volume": 848614, "typical_volume": 619768.1, "trend": 337.66441, "fair_value": 393.053887, "relative_strength": 13.76939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.375919, "energy": 75.70972, "activity_lines": [ 397.941829, 371.055464, 346.826896, 342.509004 ] }, { "date": "2025-04-11", "close": 382.220001, "volume": 773401, "typical_volume": 644980.05, "trend": 339.451345, "fair_value": 392.248857, "relative_strength": 18.153477, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.559519, "energy": 53.751618, "activity_lines": [ 390.94695, 377.241839, 350.971477, 345.383559 ] }, { "date": "2025-04-18", "close": 410.199524, "volume": 460588, "typical_volume": 642250.8, "trend": 342.482457, "fair_value": 391.591269, "relative_strength": 21.608503, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.945851, "energy": 44.417671, "activity_lines": [ 394.577626, 387.034667, 357.61661, 349.947957 ] }, { "date": "2025-04-25", "close": 415.195862, "volume": 318260, "typical_volume": 627901.6, "trend": 345.430299, "fair_value": 391.235433, "relative_strength": 20.565643, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.487116, "energy": 42.23271, "activity_lines": [ 400.373383, 395.619288, 364.497284, 354.639145 ] }, { "date": "2025-05-02", "close": 403.204651, "volume": 209658, "typical_volume": 610291.8, "trend": 347.845197, "fair_value": 390.780381, "relative_strength": 14.256575, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.802275, "energy": 40.175767, "activity_lines": [ 402.871556, 399.834384, 369.940915, 358.366522 ] }, { "date": "2025-05-09", "close": 411.370392, "volume": 279584, "typical_volume": 606950.6, "trend": 350.615558, "fair_value": 390.601179, "relative_strength": 16.65179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.33282, "energy": 42.874032, "activity_lines": [ 407.85848, 403.599214, 375.838664, 362.464922 ] }, { "date": "2025-05-16", "close": 381.8797, "volume": 519686, "typical_volume": 626897.2, "trend": 352.053154, "fair_value": 390.16269, "relative_strength": 6.592831, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.26523, "energy": 33.719963, "activity_lines": [ 400.339018, 399.609821, 378.527252, 364.481963 ] }, { "date": "2025-05-23", "close": 382.879364, "volume": 377529, "typical_volume": 631311.1, "trend": 353.290908, "fair_value": 389.596505, "relative_strength": 6.428303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.676976, "energy": 22.587283, "activity_lines": [ 393.175464, 396.162658, 381.050953, 366.470751 ] }, { "date": "2025-05-30", "close": 383.879059, "volume": 254422, "typical_volume": 627125.35, "trend": 354.295514, "fair_value": 388.96329, "relative_strength": 6.029212, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.311139, "energy": 17.48035, "activity_lines": [ 388.166486, 393.530252, 383.350288, 368.44418 ] }, { "date": "2025-06-06", "close": 399.874023, "volume": 212284, "typical_volume": 626627.65, "trend": 356.232994, "fair_value": 388.429414, "relative_strength": 9.464768, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.293748, "energy": 20.021247, "activity_lines": [ 390.576949, 394.566187, 386.822447, 371.384729 ] }, { "date": "2025-06-13", "close": 387.37796, "volume": 366040, "typical_volume": 622696.7, "trend": 357.737282, "fair_value": 388.105994, "relative_strength": 5.668825, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.32512, "energy": 16.784343, "activity_lines": [ 389.0441, 393.327077, 388.675453, 373.394082 ] }, { "date": "2025-06-20", "close": 312.401581, "volume": 1716924, "typical_volume": 665020.5, "trend": 356.559159, "fair_value": 387.426482, "relative_strength": -13.93529, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.515612, "energy": 12.965477, "activity_lines": [ 364.11862, 378.162264, 382.99927, 370.469198 ] }, { "date": "2025-06-27", "close": 321.89859, "volume": 671781, "typical_volume": 673158.1, "trend": 355.297896, "fair_value": 386.804655, "relative_strength": -11.479898, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.480184, "energy": 33.863871, "activity_lines": [ 346.990684, 365.993605, 378.172223, 368.233032 ] }, { "date": "2025-07-04", "close": 325.897339, "volume": 520231, "typical_volume": 689483.55, "trend": 354.386433, "fair_value": 386.093514, "relative_strength": -10.509425, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.382109, "energy": 44.383937, "activity_lines": [ 335.261049, 356.157463, 373.592133, 366.336222 ] }, { "date": "2025-07-11", "close": 331.895447, "volume": 290206, "typical_volume": 686629.15, "trend": 354.274467, "fair_value": 385.522998, "relative_strength": -9.948922, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.550496, "energy": 50.152892, "activity_lines": [ 329.396232, 349.035496, 369.435133, 364.885191 ] }, { "date": "2025-07-18", "close": 325.897339, "volume": 495547, "typical_volume": 699490.2, "trend": 354.229035, "fair_value": 384.878909, "relative_strength": -11.924039, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.102457, "energy": 48.079916, "activity_lines": [ 326.063951, 342.119495, 364.539681, 363.054408 ] }, { "date": "2025-07-25", "close": 319.899231, "volume": 371918, "typical_volume": 540863.1, "trend": 353.983667, "fair_value": 384.113355, "relative_strength": -14.572481, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.507746, "energy": 42.592866, "activity_lines": [ 324.831008, 335.666984, 358.853446, 360.839582 ] }, { "date": "2025-08-01", "close": 326.397156, "volume": 882639, "typical_volume": 540061.35, "trend": 354.337949, "fair_value": 383.185104, "relative_strength": -12.192446, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.945725, "energy": 29.247736, "activity_lines": [ 325.264197, 331.522832, 354.175615, 359.059807 ] }, { "date": "2025-08-08", "close": 311.901733, "volume": 395901, "typical_volume": 531839.65, "trend": 354.392249, "fair_value": 382.272494, "relative_strength": -16.108225, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.591262, "energy": 31.780183, "activity_lines": [ 320.565674, 325.770098, 348.552015, 356.321987 ] }, { "date": "2025-08-15", "close": 336.89386, "volume": 285952, "typical_volume": 512558.25, "trend": 355.296274, "fair_value": 381.507319, "relative_strength": -9.588273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.848544, "energy": 34.412005, "activity_lines": [ 325.1309, 325.870065, 345.850458, 355.193058 ] }, { "date": "2025-08-22", "close": 321.89859, "volume": 632122, "typical_volume": 501733.65, "trend": 355.833693, "fair_value": 380.741809, "relative_strength": -15.017482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.101482, "energy": 34.091017, "activity_lines": [ 324.364475, 324.388714, 342.019891, 353.038369 ] }, { "date": "2025-08-29", "close": 324.897644, "volume": 244855, "typical_volume": 475306.35, "trend": 356.637625, "fair_value": 380.008295, "relative_strength": -12.708121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.705643, "energy": 27.752254, "activity_lines": [ 324.864319, 324.643178, 338.709851, 351.042495 ] }, { "date": "2025-09-05", "close": 319.899231, "volume": 942610, "typical_volume": 499407.45, "trend": 357.508106, "fair_value": 379.297021, "relative_strength": -14.044744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.973553, "energy": 29.477828, "activity_lines": [ 323.364797, 323.76164, 335.196734, 348.672276 ] }, { "date": "2025-09-12", "close": 317.899841, "volume": 324674, "typical_volume": 499728.15, "trend": 358.278632, "fair_value": 378.588895, "relative_strength": -15.051635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.446629, "energy": 32.676366, "activity_lines": [ 321.632007, 322.552928, 331.923201, 346.116904 ] }, { "date": "2025-09-19", "close": 307.0, "volume": 408494, "typical_volume": 509669.95, "trend": 358.619212, "fair_value": 377.921967, "relative_strength": -17.154744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.899779, "energy": 56.561585, "activity_lines": [ 315.866062, 319.507836, 328.074902, 342.808605 ] }, { "date": "2025-09-26", "close": 312.5, "volume": 249373, "typical_volume": 508159.4, "trend": 359.709377, "fair_value": 377.427628, "relative_strength": -16.063711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.477995, "energy": 57.46971, "activity_lines": [ 313.926375, 317.915388, 325.208531, 339.833172 ] }, { "date": "2025-10-03", "close": 312.0, "volume": 449842, "typical_volume": 504667.2, "trend": 356.719186, "fair_value": 376.882177, "relative_strength": -17.742301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.60911, "energy": 57.351022, "activity_lines": [ 312.446594, 316.475619, 322.765351, 336.755148 ] }, { "date": "2025-10-10", "close": 310.0, "volume": 517774, "typical_volume": 511679.45, "trend": 353.129385, "fair_value": 376.263224, "relative_strength": -17.442815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.983062, "energy": 53.948561, "activity_lines": [ 311.159989, 314.815836, 320.464456, 333.741007 ] }, { "date": "2025-10-17", "close": 271.0, "volume": 902699, "typical_volume": 544093.3, "trend": 347.973113, "fair_value": 375.292069, "relative_strength": -26.858412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.979834, "energy": 66.318288, "activity_lines": [ 297.533333, 306.363275, 314.79632, 328.442337 ] }, { "date": "2025-10-24", "close": 271.0, "volume": 834146, "typical_volume": 575186.4, "trend": 343.682873, "fair_value": 374.362434, "relative_strength": -28.585876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.675133, "energy": 76.449876, "activity_lines": [ 287.033333, 298.654381, 309.665703, 323.47633 ] }, { "date": "2025-10-31", "close": 260.0, "volume": 818058, "typical_volume": 597787.3, "trend": 339.975271, "fair_value": 373.368673, "relative_strength": -31.437066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.720031, "energy": 84.610731, "activity_lines": [ 275.266667, 290.143557, 304.101153, 318.077435 ] }, { "date": "2025-11-07", "close": 250.0, "volume": 582056, "typical_volume": 541043.9, "trend": 335.567937, "fair_value": 372.103214, "relative_strength": -33.294934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.784384, "energy": 89.988227, "activity_lines": [ 263.666667, 280.93998, 298.190783, 312.272578 ] }, { "date": "2025-11-14", "close": 287.5, "volume": 1893173, "typical_volume": 602113.5, "trend": 331.477953, "fair_value": 371.122853, "relative_strength": -22.924007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.625021, "energy": 73.567291, "activity_lines": [ 268.7, 279.916361, 296.148993, 309.171421 ] }, { "date": "2025-11-21", "close": 263.0, "volume": 914866, "typical_volume": 621845.25, "trend": 326.404758, "fair_value": 370.01099, "relative_strength": -27.795046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.274345, "energy": 62.314524, "activity_lines": [ 267.066667, 275.027273, 291.937672, 304.753489 ] }, { "date": "2025-11-28", "close": 263.0, "volume": 227209, "typical_volume": 618695.4, "trend": 321.731269, "fair_value": 368.937453, "relative_strength": -28.549587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.312561, "energy": 53.164171, "activity_lines": [ 265.966667, 271.136364, 288.025862, 300.662859 ] }, { "date": "2025-12-05", "close": 255.0, "volume": 366918, "typical_volume": 612263.95, "trend": 316.518923, "fair_value": 367.850959, "relative_strength": -29.763999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.97198, "energy": 49.682853, "activity_lines": [ 262.733333, 266.590909, 283.680221, 296.357616 ] }, { "date": "2025-12-12", "close": 248.5, "volume": 434115, "typical_volume": 615373.8, "trend": 312.072933, "fair_value": 366.773899, "relative_strength": -30.908832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.649916, "energy": 53.867675, "activity_lines": [ 257.666667, 261.909091, 279.053138, 291.969298 ] }, { "date": "2025-12-19", "close": 230.0, "volume": 565843, "typical_volume": 599534.0, "trend": 306.976954, "fair_value": 365.501599, "relative_strength": -37.097861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.346202, "energy": 59.387722, "activity_lines": [ 246.533333, 255.018182, 273.004148, 286.67427 ] }, { "date": "2025-12-26", "close": 229.5, "volume": 207463, "typical_volume": 590112.1, "trend": 301.830985, "fair_value": 364.171799, "relative_strength": -36.506094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.19749, "energy": 68.90131, "activity_lines": [ 239.066667, 249.490909, 267.366572, 281.675757 ] }, { "date": "2026-01-02", "close": 250.0, "volume": 322378, "typical_volume": 591933.4, "trend": 296.835185, "fair_value": 362.970215, "relative_strength": -30.91176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.292349, "energy": 53.074894, "activity_lines": [ 240.666667, 248.445455, 264.073766, 278.331823 ] }, { "date": "2026-01-09", "close": 257.5, "volume": 275217, "typical_volume": 574088.15, "trend": 292.505919, "fair_value": 361.807127, "relative_strength": -29.605024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.500416, "energy": 45.896372, "activity_lines": [ 245.633333, 249.145455, 261.909027, 275.794069 ] }, { "date": "2026-01-16", "close": 269.0, "volume": 504174, "typical_volume": 587054.1, "trend": 291.0592, "fair_value": 360.590005, "relative_strength": -26.861783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.183533, "energy": 29.500855, "activity_lines": [ 254.266667, 251.981818, 261.146185, 274.277558 ] }, { "date": "2026-01-23", "close": 258.0, "volume": 450777, "typical_volume": 562462.45, "trend": 288.929247, "fair_value": 359.1842, "relative_strength": -28.815951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.337311, "energy": 21.469387, "activity_lines": [ 257.866667, 252.472727, 259.601904, 272.144706 ] }, { "date": "2026-01-30", "close": 245.5, "volume": 363672, "typical_volume": 564412.35, "trend": 286.249336, "fair_value": 357.66633, "relative_strength": -32.407596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.017588, "energy": 21.907817, "activity_lines": [ 255.433333, 251.227273, 257.161905, 269.342819 ] }, { "date": "2026-02-06", "close": 243.0, "volume": 446168, "typical_volume": 566296.05, "trend": 283.286154, "fair_value": 356.116464, "relative_strength": -33.668799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.254379, "energy": 25.332422, "activity_lines": [ 251.1, 249.845455, 254.828571, 266.55254 ] }, { "date": "2026-02-13", "close": 252.0, "volume": 363414, "typical_volume": 571998.1, "trend": 280.82291, "fair_value": 354.678586, "relative_strength": -31.356506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.799151, "energy": 30.21139, "activity_lines": [ 250.233333, 250.463636, 253.657143, 264.534078 ] }, { "date": "2026-02-20", "close": 264.5, "volume": 612041, "typical_volume": 580108.05, "trend": 278.976269, "fair_value": 353.276122, "relative_strength": -29.204033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.221668, "energy": 22.136672, "activity_lines": [ 253.9, 253.409091, 253.964286, 263.480987 ] }, { "date": "2026-02-27", "close": 275.5, "volume": 653096, "typical_volume": 586874.15, "trend": 277.279697, "fair_value": 351.931397, "relative_strength": -27.512116, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.231549, "energy": 6.341576, "activity_lines": [ 261.533333, 258.063636, 255.545238, 263.256712 ] }, { "date": "2026-03-06", "close": 253.5, "volume": 349961, "typical_volume": 559237.25, "trend": 275.332972, "fair_value": 350.448839, "relative_strength": -28.386942, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.425735, "energy": 13.156684, "activity_lines": [ 260.666667, 257.890909, 255.195238, 261.722538 ] }, { "date": "2026-03-13", "close": 225.5, "volume": 1014945, "typical_volume": 568277.2, "trend": 271.619844, "fair_value": 349.08701, "relative_strength": -35.194015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.557705, "energy": 26.531233, "activity_lines": [ 249.933333, 252.190909, 252.261905, 258.507507 ] }, { "date": "2026-03-20", "close": 193.800003, "volume": 734151, "typical_volume": 564081.85, "trend": 267.349891, "fair_value": 347.349512, "relative_strength": -41.391828, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -78.140134, "energy": 66.056404, "activity_lines": [ 229.800001, 241.172728, 246.526191, 253.486873 ] }, { "date": "2026-03-27", "close": 195.0, "volume": 1823334, "typical_volume": 626145.75, "trend": 263.019969, "fair_value": 345.600543, "relative_strength": -40.405125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.117061, "energy": 77.685413, "activity_lines": [ 213.946667, 231.53091, 241.22, 248.819138 ] }, { "date": "2026-04-03", "close": 200.0, "volume": 687442, "typical_volume": 565859.2, "trend": 259.023328, "fair_value": 343.912369, "relative_strength": -40.687843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.214951, "energy": 79.697188, "activity_lines": [ 204.393334, 224.143637, 236.651905, 244.753333 ] }, { "date": "2026-04-10", "close": 213.0, "volume": 716902, "typical_volume": 555961.0, "trend": 255.526667, "fair_value": 342.240979, "relative_strength": -36.760911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.557276, "energy": 75.431583, "activity_lines": [ 204.206667, 220.174546, 233.738572, 241.784086 ] }, { "date": "2026-04-17", "close": 224.5, "volume": 476594, "typical_volume": 568430.25, "trend": 252.776667, "fair_value": 340.694452, "relative_strength": -32.602393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.789434, "energy": 50.997178, "activity_lines": [ 210.553334, 218.887273, 232.158572, 239.782366 ] }, { "date": "2026-04-24", "close": 230.0, "volume": 469233, "typical_volume": 573546.0, "trend": 250.026667, "fair_value": 339.215148, "relative_strength": -27.823817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.696842, "energy": 32.502396, "activity_lines": [ 218.8, 218.936364, 231.285715, 238.312903 ] }, { "date": "2026-05-01", "close": 239.5, "volume": 279428, "typical_volume": 565811.65, "trend": 247.61, "fair_value": 337.902229, "relative_strength": -23.593638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.974722, "energy": 19.182471, "activity_lines": [ 227.8, 221.112727, 231.436667, 237.633764 ] }, { "date": "2026-05-08", "close": 237.5, "volume": 240609, "typical_volume": 549549.95, "trend": 245.193333, "fair_value": 336.560506, "relative_strength": -22.029878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.794086, "energy": 21.055119, "activity_lines": [ 233.166667, 223.38, 231.44, 236.981506 ] }, { "date": "2026-05-15", "close": 228.5, "volume": 137761, "typical_volume": 546064.85, "trend": 243.776667, "fair_value": 335.138715, "relative_strength": -23.643592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.202402, "energy": 19.115429, "activity_lines": [ 233.033333, 224.701818, 230.550476, 235.904516 ] }, { "date": "2026-05-22", "close": 218.5, "volume": 377310, "typical_volume": 548811.45, "trend": 242.026667, "fair_value": 333.761506, "relative_strength": -27.784878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.579807, "energy": 17.679726, "activity_lines": [ 228.533333, 224.66, 228.713333, 234.273764 ] }, { "date": "2026-05-29", "close": 215.0, "volume": 362961, "typical_volume": 553198.65, "trend": 240.526667, "fair_value": 332.262767, "relative_strength": -27.437237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.869771, "energy": 24.268774, "activity_lines": [ 223.266667, 224.109091, 226.692857, 232.530108 ] }, { "date": "2026-06-05", "close": 215.0, "volume": 59167, "typical_volume": 530948.3, "trend": 239.36, "fair_value": 330.856728, "relative_strength": -25.922297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.170701, "energy": 31.453173, "activity_lines": [ 219.0, 223.172727, 224.874762, 230.883226 ] }, { "date": "2026-06-12", "close": 215.5, "volume": 19817, "typical_volume": 509400.3, "trend": 236.96, "fair_value": 329.434716, "relative_strength": -25.294504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.65887, "energy": 43.030321, "activity_lines": [ 216.533333, 221.963636, 223.361429, 229.343871 ] }, { "date": "2026-06-19", "close": 200.0, "volume": 41545, "typical_volume": 493293.95, "trend": 234.86, "fair_value": 327.779087, "relative_strength": -29.135988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.536829, "energy": 63.114025, "activity_lines": [ 210.366667, 217.654545, 220.574286, 226.959355 ] }, { "date": "2026-06-26", "close": 180.8, "volume": 461343, "typical_volume": 494052.7, "trend": 232.12, "fair_value": 326.080296, "relative_strength": -35.944577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.085663, "energy": 81.215673, "activity_lines": [ 199.7, 210.090909, 216.175238, 223.471613 ] }, { "date": "2026-07-03", "close": 193.0, "volume": 198517, "typical_volume": 485807.85, "trend": 230.053333, "fair_value": 324.536428, "relative_strength": -31.796005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.890347, "energy": 78.349488, "activity_lines": [ 195.613333, 205.54, 213.234286, 220.947742 ] }, { "date": "2026-07-10", "close": 198.2, "volume": 510183, "typical_volume": 480714.95, "trend": 228.376667, "fair_value": 323.003518, "relative_strength": -27.790187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.325511, "energy": 77.754464, "activity_lines": [ 194.726667, 202.607273, 211.069524, 218.892688 ] }, { "date": "2026-07-17", "close": 190.2, "volume": 482840, "typical_volume": 472202.15, "trend": 227.05, "fair_value": 321.505634, "relative_strength": -30.442604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.691495, "energy": 77.670982, "activity_lines": [ 192.293333, 198.970909, 208.458571, 216.429678 ] }, { "date": "2026-07-24", "close": 192.0, "volume": 185649, "typical_volume": 463986.55, "trend": 225.8, "fair_value": 320.016092, "relative_strength": -29.772379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.576062, "energy": 57.598429, "activity_lines": [ 192.146667, 196.521818, 206.425238, 214.168387 ] }, { "date": "2026-07-31", "close": 198.0, "volume": 292896, "typical_volume": 427884.1, "trend": 224.066667, "fair_value": 318.628944, "relative_strength": -27.483367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.189393, "energy": 44.307752, "activity_lines": [ 194.533333, 195.827273, 205.25619, 212.374839 ] }, { "date": "2026-08-07", "close": 210.0, "volume": 170508, "typical_volume": 399701.95, "trend": 222.483333, "fair_value": 317.283556, "relative_strength": -22.428981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.751622, "energy": 30.000507, "activity_lines": [ 199.773333, 197.687273, 205.360952, 211.467312 ] } ], "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." } } }