{ "ticker": { "uuid": "e3443853-3ebe-4d7e-8571-6993f5ad1399", "symbol": "CABO", "name": "Cable One 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": 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": -66.834, "architecture_energy": 78.757, "architecture_maturity": 100.0, "architecture_confidence": 93.952, "architecture_tenure": "Extended", "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": 8.92, "rotation_up": 28.15, "upward_expansion": 19.82, "deceleration": 38.51, "rotation_down": 54.34, "downward_expansion": 93.15 }, "activity_lines": [ 38.282667, 40.785636, 48.88419, 60.164237 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 37.32, "trend_reference": 73.051333, "distance_from_trend": -0.489126, "trend_direction": "Weakening", "fair_value": 280.752329, "distance_from_fair_value": -0.867071, "fair_value_direction": "Weakening", "relative_strength": -68.16627, "relative_strength_direction": "Weakening", "price_momentum": -0.629578, "excess_performance": -0.755203, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.489126, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.254358, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.867071, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.05634, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.681663, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.119226, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.629578, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.839004, "read": "Supply-led" } ], "volume": { "latest": 972597, "relative_activity": 0.969626, "balance": 0.839004, "dry_up": 1.007736, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.259948, "annualized_volatility": 1.010558, "from_high_reference": -0.793516, "from_low_reference": 0.118202 }, "levels": { "trend_reference": 73.051333, "fair_value_reference": 280.752329, "structural_low": 33.375, "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": 48, "median_return": -0.011047, "positive_rate": 0.4375, "directional_follow_through": 0.5625, "median_excess_return": -0.026094, "regime_survival": 0.854167, "best_return": 0.184714, "worst_return": -0.492427, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 17, "median_return": -0.125383, "positive_rate": 0.117647, "directional_follow_through": 0.882353, "median_excess_return": -0.118742, "regime_survival": 0.764706, "best_return": 0.087351, "worst_return": -0.606395, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.254699, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.30315, "regime_survival": 0.875, "best_return": 0.142831, "worst_return": -0.472683, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.419679, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.490349, "regime_survival": 0.75, "best_return": -0.174669, "worst_return": -0.611061, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-02-10", "end": "2023-03-03", "tenure": "New", "return": -0.122278, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-03-10", "end": "2023-04-28", "tenure": "Developing", "return": 0.179468, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-05-05", "end": "2023-05-26", "tenure": "New", "return": -0.105552, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-06-02", "end": "2023-07-14", "tenure": "Developing", "return": 0.029878, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-21", "end": "2023-09-08", "tenure": "Developing", "return": -0.137273, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-15", "end": "2024-08-02", "tenure": "Extended", "return": -0.352542, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-09-13", "tenure": "Developing", "return": -0.130825, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-11-01", "tenure": "Developing", "return": 0.053035, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": 0.034727, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-01-17", "tenure": "Developing", "return": -0.203495, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": -0.15979, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-09-19", "tenure": "Extended", "return": -0.420633, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-28", "tenure": "Developing", "return": -0.296114, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-08-07", "tenure": "Extended", "return": -0.706811, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 605.442407, "volume": 263541, "typical_volume": 290241.25, "trend": 653.967081, "fair_value": 1310.479876, "relative_strength": -21.254149, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.759201, "energy": 15.850227, "activity_lines": [ 638.53451, 638.896331, 635.63286, 639.885568 ] }, { "date": "2023-08-25", "close": 602.759881, "volume": 265472, "typical_volume": 293397.7, "trend": 648.942797, "fair_value": 1303.310329, "relative_strength": -20.985167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.85925, "energy": 28.316787, "activity_lines": [ 622.214222, 632.796048, 632.147386, 636.581877 ] }, { "date": "2023-09-01", "close": 600.170405, "volume": 208330, "typical_volume": 293190.35, "trend": 642.925966, "fair_value": 1296.190046, "relative_strength": -22.057601, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.049144, "energy": 42.08663, "activity_lines": [ 610.94692, 626.951188, 628.6798, 633.435271 ] }, { "date": "2023-09-08", "close": 596.577143, "volume": 229261, "typical_volume": 295780.4, "trend": 637.918847, "fair_value": 1289.466466, "relative_strength": -20.425906, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.2563, "energy": 52.929034, "activity_lines": [ 603.502702, 620.520843, 625.11437, 630.445025 ] }, { "date": "2023-09-15", "close": 593.614612, "volume": 300899, "typical_volume": 297328.3, "trend": 633.926739, "fair_value": 1282.974512, "relative_strength": -19.612946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.10906, "energy": 58.568597, "activity_lines": [ 597.723668, 614.069502, 621.533821, 627.586687 ] }, { "date": "2023-09-22", "close": 600.390206, "volume": 227559, "typical_volume": 295679.5, "trend": 632.143932, "fair_value": 1276.379165, "relative_strength": -15.234964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.997476, "energy": 50.585427, "activity_lines": [ 597.94944, 609.360372, 619.191548, 625.42304 ] }, { "date": "2023-09-29", "close": 588.339397, "volume": 183674, "typical_volume": 291120.45, "trend": 629.906088, "fair_value": 1269.205156, "relative_strength": -15.472707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.917711, "energy": 46.658897, "activity_lines": [ 594.495089, 602.656336, 615.986252, 622.596941 ] }, { "date": "2023-10-06", "close": 588.454076, "volume": 373000, "typical_volume": 298103.5, "trend": 629.225619, "fair_value": 1262.06416, "relative_strength": -15.080739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.68273, "energy": 37.71522, "activity_lines": [ 592.04033, 597.848835, 613.025311, 619.922617 ] }, { "date": "2023-10-13", "close": 621.080135, "volume": 160317, "typical_volume": 291007.55, "trend": 629.289276, "fair_value": 1255.256366, "relative_strength": -10.077307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.306608, "energy": 21.818072, "activity_lines": [ 601.242013, 600.555688, 613.367978, 619.397102 ] }, { "date": "2023-10-20", "close": 589.791993, "volume": 214995, "typical_volume": 289316.6, "trend": 627.768365, "fair_value": 1247.699574, "relative_strength": -11.915262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.111675, "energy": 25.410266, "activity_lines": [ 598.380782, 597.851742, 610.585148, 616.84889 ] }, { "date": "2023-10-27", "close": 517.964969, "volume": 321558, "typical_volume": 288765.1, "trend": 622.876333, "fair_value": 1240.724946, "relative_strength": -19.801169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.666713, "energy": 53.019378, "activity_lines": [ 571.832051, 583.179549, 600.979055, 609.7648 ] }, { "date": "2023-11-03", "close": 569.455656, "volume": 385716, "typical_volume": 288916.65, "trend": 619.914656, "fair_value": 1232.86582, "relative_strength": -16.26569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.906892, "energy": 46.234999, "activity_lines": [ 567.941899, 579.459799, 596.821226, 606.318305 ] }, { "date": "2023-11-10", "close": 506.802919, "volume": 317441, "typical_volume": 280377.05, "trend": 615.091812, "fair_value": 1224.323963, "relative_strength": -25.94758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.351621, "energy": 72.806474, "activity_lines": [ 544.426416, 564.954174, 587.045266, 599.020773 ] }, { "date": "2023-11-17", "close": 531.000102, "volume": 354125, "typical_volume": 285053.5, "trend": 611.036718, "fair_value": 1215.782007, "relative_strength": -23.72109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.386739, "energy": 70.805832, "activity_lines": [ 534.420072, 556.545627, 580.036174, 593.595502 ] }, { "date": "2023-11-24", "close": 520.736368, "volume": 167417, "typical_volume": 280060.9, "trend": 604.456572, "fair_value": 1207.441844, "relative_strength": -25.424631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.766688, "energy": 66.253207, "activity_lines": [ 526.997819, 547.463256, 572.497428, 587.769673 ] }, { "date": "2023-12-01", "close": 521.782176, "volume": 310401, "typical_volume": 277807.9, "trend": 599.843599, "fair_value": 1198.226773, "relative_strength": -25.335309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.30364, "energy": 65.29822, "activity_lines": [ 524.527877, 539.896091, 565.538969, 582.435841 ] }, { "date": "2023-12-08", "close": 505.830824, "volume": 360469, "typical_volume": 274968.25, "trend": 595.459278, "fair_value": 1188.86362, "relative_strength": -27.135363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.630877, "energy": 52.641936, "activity_lines": [ 516.486337, 530.857918, 557.487029, 576.370501 ] }, { "date": "2023-12-15", "close": 520.138994, "volume": 433934, "typical_volume": 286449.2, "trend": 591.80756, "fair_value": 1178.87824, "relative_strength": -26.229882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.662551, "energy": 43.285335, "activity_lines": [ 517.455842, 525.921385, 551.681921, 571.511127 ] }, { "date": "2023-12-22", "close": 522.675836, "volume": 195332, "typical_volume": 279786.45, "trend": 589.54713, "fair_value": 1168.772048, "relative_strength": -25.938331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.901153, "energy": 39.50887, "activity_lines": [ 518.38189, 522.68819, 546.858151, 567.051016 ] }, { "date": "2023-12-29", "close": 534.841144, "volume": 120625, "typical_volume": 269703.3, "trend": 587.593597, "fair_value": 1158.941088, "relative_strength": -23.832783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.165989, "energy": 30.988721, "activity_lines": [ 523.917991, 523.456037, 543.73437, 563.521598 ] }, { "date": "2024-01-05", "close": 517.083253, "volume": 282220, "typical_volume": 270637.25, "trend": 583.753482, "fair_value": 1149.968617, "relative_strength": -24.549483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.684202, "energy": 28.005719, "activity_lines": [ 522.594477, 521.994283, 539.466826, 558.972543 ] }, { "date": "2024-01-12", "close": 529.815507, "volume": 349347, "typical_volume": 274831.0, "trend": 579.990569, "fair_value": 1141.545651, "relative_strength": -23.394591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.847591, "energy": 23.419135, "activity_lines": [ 525.82831, 522.863516, 536.832636, 555.492674 ] }, { "date": "2024-01-19", "close": 511.769339, "volume": 266702, "typical_volume": 277749.6, "trend": 576.919501, "fair_value": 1132.654288, "relative_strength": -26.067052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.650568, "energy": 25.268841, "activity_lines": [ 521.447774, 521.172357, 532.827117, 551.091304 ] }, { "date": "2024-01-26", "close": 550.485, "volume": 216576, "typical_volume": 277115.35, "trend": 574.434079, "fair_value": 1124.279003, "relative_strength": -20.480389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.043749, "energy": 19.238411, "activity_lines": [ 530.530435, 526.430111, 532.929762, 549.385852 ] }, { "date": "2024-02-02", "close": 490.081266, "volume": 334600, "typical_volume": 278800.4, "trend": 570.047446, "fair_value": 1115.139275, "relative_strength": -29.308808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.215624, "energy": 32.972707, "activity_lines": [ 517.624574, 520.351097, 527.499156, 543.943736 ] }, { "date": "2024-02-09", "close": 478.684697, "volume": 414980, "typical_volume": 288171.45, "trend": 565.630987, "fair_value": 1105.950837, "relative_strength": -31.042368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.006749, "energy": 50.430099, "activity_lines": [ 503.903849, 512.757344, 521.476179, 538.049365 ] }, { "date": "2024-02-16", "close": 467.374612, "volume": 423621, "typical_volume": 300168.8, "trend": 558.160073, "fair_value": 1096.807533, "relative_strength": -31.643952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.437178, "energy": 63.651958, "activity_lines": [ 488.972999, 503.890804, 514.955601, 531.710244 ] }, { "date": "2024-02-23", "close": 426.431115, "volume": 562663, "typical_volume": 309651.95, "trend": 549.858344, "fair_value": 1088.129992, "relative_strength": -37.928035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.881695, "energy": 79.484818, "activity_lines": [ 464.557043, 488.279195, 505.111665, 523.211601 ] }, { "date": "2024-03-01", "close": 442.431467, "volume": 525307, "typical_volume": 327901.45, "trend": 543.393808, "fair_value": 1080.239437, "relative_strength": -35.508239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.065261, "energy": 76.894648, "activity_lines": [ 451.163753, 477.28052, 497.56311, 516.280835 ] }, { "date": "2024-03-08", "close": 435.712286, "volume": 516153, "typical_volume": 342959.35, "trend": 536.25726, "fair_value": 1071.914406, "relative_strength": -35.653221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.622135, "energy": 78.470125, "activity_lines": [ 442.734304, 466.519165, 490.225341, 509.33364 ] }, { "date": "2024-03-15", "close": 407.685084, "volume": 530680, "typical_volume": 353415.45, "trend": 529.665349, "fair_value": 1064.056413, "relative_strength": -39.041236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.080228, "energy": 83.100049, "activity_lines": [ 428.587054, 452.464297, 480.952027, 501.038661 ] }, { "date": "2024-03-22", "close": 417.952379, "volume": 357269, "typical_volume": 351993.1, "trend": 523.505099, "fair_value": 1055.996545, "relative_strength": -38.120192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.010188, "energy": 71.01692, "activity_lines": [ 422.595543, 442.265269, 473.181693, 493.831373 ] }, { "date": "2024-03-29", "close": 409.07726, "volume": 444883, "typical_volume": 358365.2, "trend": 517.135327, "fair_value": 1047.717695, "relative_strength": -38.86454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.533957, "energy": 64.357219, "activity_lines": [ 416.940474, 432.486457, 465.287554, 486.448931 ] }, { "date": "2024-04-05", "close": 378.990799, "volume": 487987, "typical_volume": 365058.3, "trend": 509.882449, "fair_value": 1039.499429, "relative_strength": -42.06912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.421159, "energy": 70.839389, "activity_lines": [ 402.413508, 419.104508, 454.993399, 477.536381 ] }, { "date": "2024-04-12", "close": 373.915159, "volume": 660782, "typical_volume": 389726.55, "trend": 502.559134, "fair_value": 1031.104175, "relative_strength": -41.21701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.271664, "energy": 68.414304, "activity_lines": [ 390.424041, 407.917792, 444.939702, 468.764298 ] }, { "date": "2024-04-19", "close": 382.471238, "volume": 1726908, "typical_volume": 460551.9, "trend": 495.295168, "fair_value": 1022.554299, "relative_strength": -37.157216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.57045, "energy": 66.944156, "activity_lines": [ 385.406408, 400.398838, 436.400019, 461.016692 ] }, { "date": "2024-04-26", "close": 376.312794, "volume": 555881, "typical_volume": 470322.5, "trend": 488.227615, "fair_value": 1014.299499, "relative_strength": -38.794253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.941612, "energy": 66.89209, "activity_lines": [ 380.016884, 393.509503, 427.937203, 453.34041 ] }, { "date": "2024-05-03", "close": 365.881145, "volume": 500614, "typical_volume": 473656.5, "trend": 480.808517, "fair_value": 1006.179074, "relative_strength": -39.977535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.568968, "energy": 64.975209, "activity_lines": [ 373.926115, 386.379173, 419.097649, 445.447089 ] }, { "date": "2024-05-10", "close": 380.673011, "volume": 557932, "typical_volume": 491786.5, "trend": 472.794946, "fair_value": 998.248041, "relative_strength": -37.853748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.62951, "energy": 53.903059, "activity_lines": [ 375.64571, 383.039182, 412.401406, 438.986734 ] }, { "date": "2024-05-17", "close": 374.572575, "volume": 490290, "typical_volume": 510269.75, "trend": 465.620966, "fair_value": 990.087326, "relative_strength": -39.027916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.198874, "energy": 51.528961, "activity_lines": [ 375.219679, 379.712902, 405.800372, 432.649806 ] }, { "date": "2024-05-24", "close": 344.254084, "volume": 691414, "typical_volume": 530729.45, "trend": 459.830603, "fair_value": 981.459805, "relative_strength": -43.231824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.334783, "energy": 59.893149, "activity_lines": [ 364.643656, 371.9858, 397.075047, 424.819685 ] }, { "date": "2024-05-31", "close": 376.21016, "volume": 425753, "typical_volume": 534549.75, "trend": 453.389086, "fair_value": 973.278216, "relative_strength": -36.984818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.619476, "energy": 49.122361, "activity_lines": [ 367.267469, 371.222185, 392.216153, 419.424818 ] }, { "date": "2024-06-07", "close": 365.30142, "volume": 396792, "typical_volume": 541054.25, "trend": 448.67237, "fair_value": 964.832697, "relative_strength": -38.731766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.066813, "energy": 48.720232, "activity_lines": [ 366.261877, 369.234112, 387.049786, 413.741742 ] }, { "date": "2024-06-14", "close": 350.727188, "volume": 334378, "typical_volume": 546944.35, "trend": 442.663273, "fair_value": 955.803049, "relative_strength": -41.285093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.437025, "energy": 53.220866, "activity_lines": [ 360.436856, 365.392102, 381.192863, 407.422699 ] }, { "date": "2024-06-21", "close": 359.130525, "volume": 392985, "typical_volume": 549863.6, "trend": 437.276411, "fair_value": 946.745574, "relative_strength": -39.467231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.878821, "energy": 46.922399, "activity_lines": [ 359.409336, 363.591856, 377.087486, 402.033489 ] }, { "date": "2024-06-28", "close": 345.102217, "volume": 1303507, "typical_volume": 594289.95, "trend": 431.387079, "fair_value": 937.526326, "relative_strength": -40.971703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.882055, "energy": 51.036112, "activity_lines": [ 354.735183, 359.509821, 372.269654, 396.086767 ] }, { "date": "2024-07-05", "close": 338.102686, "volume": 274374, "typical_volume": 586827.6, "trend": 425.796141, "fair_value": 928.158555, "relative_strength": -42.401751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.676521, "energy": 57.692382, "activity_lines": [ 347.671311, 354.83458, 367.421308, 390.068419 ] }, { "date": "2024-07-12", "close": 330.547482, "volume": 552264, "typical_volume": 586307.65, "trend": 419.476424, "fair_value": 919.013932, "relative_strength": -43.415372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.701371, "energy": 57.826731, "activity_lines": [ 340.629536, 349.480394, 362.468998, 383.923344 ] }, { "date": "2024-07-19", "close": 348.83595, "volume": 842249, "typical_volume": 602154.75, "trend": 413.681761, "fair_value": 909.679815, "relative_strength": -38.042664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.467686, "energy": 48.779232, "activity_lines": [ 342.000846, 348.093815, 359.715037, 379.365894 ] }, { "date": "2024-07-26", "close": 385.081431, "volume": 633741, "typical_volume": 608034.15, "trend": 408.689771, "fair_value": 900.881784, "relative_strength": -29.994007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.584116, "energy": 27.506815, "activity_lines": [ 355.580066, 353.876179, 360.858719, 377.520711 ] }, { "date": "2024-08-02", "close": 384.340534, "volume": 600970, "typical_volume": 611548.65, "trend": 404.265014, "fair_value": 891.59576, "relative_strength": -27.619488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.855637, "energy": 14.231881, "activity_lines": [ 367.18226, 359.332765, 362.172938, 375.949793 ] }, { "date": "2024-08-09", "close": 380.986998, "volume": 529569, "typical_volume": 620163.65, "trend": 399.304063, "fair_value": 881.870278, "relative_strength": -27.189843, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.117568, "energy": 14.471068, "activity_lines": [ 375.05072, 363.450772, 363.278938, 374.447985 ] }, { "date": "2024-08-16", "close": 355.991459, "volume": 441836, "typical_volume": 620011.3, "trend": 394.111467, "fair_value": 871.942974, "relative_strength": -33.589145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.78426, "energy": 16.751105, "activity_lines": [ 371.72838, 362.937284, 362.180435, 371.653624 ] }, { "date": "2024-08-23", "close": 341.475719, "volume": 325452, "typical_volume": 611884.55, "trend": 387.144491, "fair_value": 861.796469, "relative_strength": -36.191244, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.771131, "energy": 13.469202, "activity_lines": [ 361.871195, 359.953842, 359.952271, 368.257769 ] }, { "date": "2024-08-30", "close": 346.673338, "volume": 399277, "typical_volume": 598809.3, "trend": 382.364227, "fair_value": 851.557546, "relative_strength": -34.426035, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.951017, "energy": 26.380254, "activity_lines": [ 354.237232, 358.083631, 358.397762, 365.646727 ] }, { "date": "2024-09-06", "close": 339.311739, "volume": 251571, "typical_volume": 525042.45, "trend": 377.718462, "fair_value": 841.870103, "relative_strength": -32.031363, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.661286, "energy": 42.034863, "activity_lines": [ 346.709941, 355.101441, 356.27187, 362.869147 ] }, { "date": "2024-09-13", "close": 331.144197, "volume": 480839, "typical_volume": 521290.35, "trend": 373.177448, "fair_value": 832.256265, "relative_strength": -35.192546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.041263, "energy": 52.863961, "activity_lines": [ 339.462057, 350.739526, 353.573639, 359.864356 ] }, { "date": "2024-09-20", "close": 335.989682, "volume": 444451, "typical_volume": 518482.2, "trend": 370.162734, "fair_value": 823.29869, "relative_strength": -34.021075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.757694, "energy": 50.202173, "activity_lines": [ 337.152187, 347.385125, 351.551972, 357.465145 ] }, { "date": "2024-09-27", "close": 347.498938, "volume": 371815, "typical_volume": 509176.35, "trend": 366.998316, "fair_value": 814.500936, "relative_strength": -30.980015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.711688, "energy": 38.059207, "activity_lines": [ 340.012188, 346.024368, 350.768764, 356.002965 ] }, { "date": "2024-10-04", "close": 340.392882, "volume": 271409, "typical_volume": 498232.3, "trend": 363.821002, "fair_value": 806.02177, "relative_strength": -31.379607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.301436, "energy": 29.010305, "activity_lines": [ 340.101956, 343.395909, 349.466761, 354.286485 ] }, { "date": "2024-10-11", "close": 333.552197, "volume": 512017, "typical_volume": 489262.45, "trend": 361.349906, "fair_value": 797.643297, "relative_strength": -32.193841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.039872, "energy": 27.915701, "activity_lines": [ 338.330193, 340.336209, 347.676024, 352.333659 ] }, { "date": "2024-10-18", "close": 354.467395, "volume": 466230, "typical_volume": 491286.3, "trend": 359.23374, "fair_value": 789.220172, "relative_strength": -27.219071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.441926, "energy": 15.938609, "activity_lines": [ 343.914131, 342.002696, 347.928172, 351.889626 ] }, { "date": "2024-10-25", "close": 337.758825, "volume": 345154, "typical_volume": 488704.4, "trend": 356.856459, "fair_value": 781.160202, "relative_strength": -28.843458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.205522, "energy": 19.435667, "activity_lines": [ 342.373667, 341.113436, 346.692565, 350.504148 ] }, { "date": "2024-11-01", "close": 353.80888, "volume": 401469, "typical_volume": 492058.95, "trend": 356.017062, "fair_value": 772.869692, "relative_strength": -23.140982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.520815, "energy": 11.584363, "activity_lines": [ 346.065277, 343.473871, 347.11669, 350.30753 ] }, { "date": "2024-11-08", "close": 395.668762, "volume": 750798, "typical_volume": 509949.6, "trend": 356.742182, "fair_value": 764.60856, "relative_strength": -16.949448, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.91379, "energy": 25.349114, "activity_lines": [ 363.289519, 353.220953, 351.512796, 352.865704 ] }, { "date": "2024-11-15", "close": 390.823277, "volume": 433342, "typical_volume": 466441.35, "trend": 357.020583, "fair_value": 756.180607, "relative_strength": -15.145172, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.988786, "energy": 48.864726, "activity_lines": [ 375.213541, 361.196213, 355.273435, 355.064484 ] }, { "date": "2024-11-22", "close": 409.409104, "volume": 413435, "typical_volume": 473394.4, "trend": 358.123793, "fair_value": 747.788199, "relative_strength": -11.54618, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 77.64238, "energy": 76.263987, "activity_lines": [ 389.514767, 371.61414, 360.586434, 358.444389 ] }, { "date": "2024-11-29", "close": 413.016189, "volume": 346203, "typical_volume": 463091.35, "trend": 359.694961, "fair_value": 739.579877, "relative_strength": -10.779621, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.03454, "energy": 80.540175, "activity_lines": [ 401.355573, 381.264903, 365.90341, 361.985834 ] }, { "date": "2024-12-06", "close": 417.477818, "volume": 333767, "typical_volume": 437667.25, "trend": 360.921788, "fair_value": 732.023067, "relative_strength": -9.629893, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.768178, "energy": 81.242117, "activity_lines": [ 409.666432, 390.326389, 371.252595, 365.71376 ] }, { "date": "2024-12-13", "close": 370.565637, "volume": 364886, "typical_volume": 424224.5, "trend": 360.788224, "fair_value": 724.357038, "relative_strength": -18.261568, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.716839, "energy": 60.063244, "activity_lines": [ 398.095301, 389.586044, 371.807087, 366.335944 ] }, { "date": "2024-12-20", "close": 365.338874, "volume": 483264, "typical_volume": 418339.2, "trend": 361.49105, "fair_value": 716.297365, "relative_strength": -16.845781, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.719768, "energy": 28.928997, "activity_lines": [ 386.455457, 387.346783, 371.932915, 366.629534 ] }, { "date": "2024-12-27", "close": 366.833649, "volume": 237910, "typical_volume": 403756.25, "trend": 361.1785, "fair_value": 708.095749, "relative_strength": -15.9089, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.497099, "energy": 19.526524, "activity_lines": [ 377.012832, 384.80136, 372.291587, 366.974218 ] }, { "date": "2025-01-03", "close": 369.555922, "volume": 305273, "typical_volume": 396928.1, "trend": 361.320316, "fair_value": 700.476807, "relative_strength": -13.726933, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.037145, "energy": 23.971101, "activity_lines": [ 371.315995, 382.526055, 372.97692, 367.514697 ] }, { "date": "2025-01-10", "close": 347.639153, "volume": 457328, "typical_volume": 403521.9, "trend": 361.217382, "fair_value": 693.370745, "relative_strength": -16.066071, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -10.609193, "energy": 20.155362, "activity_lines": [ 361.210919, 375.687753, 371.510348, 366.632041 ] }, { "date": "2025-01-17", "close": 328.969313, "volume": 537250, "typical_volume": 410420.55, "trend": 360.212008, "fair_value": 686.338598, "relative_strength": -21.740116, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -32.706566, "energy": 31.479974, "activity_lines": [ 349.538474, 365.567112, 368.236347, 364.55152 ] }, { "date": "2025-01-24", "close": 331.315417, "volume": 349106, "typical_volume": 415297.3, "trend": 359.752448, "fair_value": 679.434475, "relative_strength": -21.239344, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.467549, "energy": 42.020711, "activity_lines": [ 341.421153, 357.085753, 365.27009, 362.687224 ] }, { "date": "2025-01-31", "close": 300.944755, "volume": 527331, "typical_volume": 417621.9, "trend": 358.513851, "fair_value": 671.983668, "relative_strength": -26.701215, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.130129, "energy": 62.205275, "activity_lines": [ 325.448507, 344.164416, 359.449466, 358.893179 ] }, { "date": "2025-02-07", "close": 278.37464, "volume": 918286, "typical_volume": 441313.65, "trend": 356.774756, "fair_value": 664.558496, "relative_strength": -31.101181, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.031632, "energy": 86.777877, "activity_lines": [ 306.345083, 329.111501, 351.623114, 353.722908 ] }, { "date": "2025-02-14", "close": 292.0256, "volume": 514596, "typical_volume": 448452.7, "trend": 354.881077, "fair_value": 657.588134, "relative_strength": -27.813678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.959329, "energy": 83.834373, "activity_lines": [ 297.870731, 318.988607, 345.371211, 349.545543 ] }, { "date": "2025-02-21", "close": 277.14, "volume": 490245, "typical_volume": 459394.5, "trend": 351.28303, "fair_value": 650.72925, "relative_strength": -29.585937, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.10049, "energy": 88.557683, "activity_lines": [ 288.142083, 308.440189, 337.965791, 344.52999 ] }, { "date": "2025-02-28", "close": 260.18, "volume": 1026467, "typical_volume": 485117.0, "trend": 347.144345, "fair_value": 643.674776, "relative_strength": -32.390378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.477107, "energy": 90.493605, "activity_lines": [ 276.215389, 296.506784, 329.246337, 338.652375 ] }, { "date": "2025-03-07", "close": 277.65, "volume": 1189830, "typical_volume": 521297.0, "trend": 343.699779, "fair_value": 636.706209, "relative_strength": -24.713016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.152644, "energy": 72.923215, "activity_lines": [ 274.854389, 289.661721, 322.540083, 334.168869 ] }, { "date": "2025-03-14", "close": 226.48, "volume": 1121151, "typical_volume": 560096.85, "trend": 339.38273, "fair_value": 628.991456, "relative_strength": -36.383965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.726354, "energy": 88.048308, "activity_lines": [ 257.989707, 275.134543, 311.326294, 326.606302 ] }, { "date": "2025-03-21", "close": 256.05, "volume": 884938, "typical_volume": 584270.3, "trend": 336.535206, "fair_value": 621.598391, "relative_strength": -27.657236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.329123, "energy": 69.137765, "activity_lines": [ 254.441333, 268.585109, 303.458594, 321.229997 ] }, { "date": "2025-03-28", "close": 267.77, "volume": 705566, "typical_volume": 582008.7, "trend": 333.905095, "fair_value": 614.317266, "relative_strength": -22.476497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.532865, "energy": 57.807228, "activity_lines": [ 257.198, 265.831841, 297.172603, 316.793532 ] }, { "date": "2025-04-04", "close": 254.91, "volume": 682344, "typical_volume": 594458.8, "trend": 331.091704, "fair_value": 607.123792, "relative_strength": -18.244791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.087798, "energy": 56.032543, "activity_lines": [ 256.292667, 261.853106, 290.270891, 311.697074 ] }, { "date": "2025-04-11", "close": 265.13, "volume": 605750, "typical_volume": 604074.55, "trend": 328.89123, "fair_value": 600.262023, "relative_strength": -18.91296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.222468, "energy": 45.801451, "activity_lines": [ 259.145333, 261.121743, 284.98972, 307.441481 ] }, { "date": "2025-04-18", "close": 255.05, "volume": 433275, "typical_volume": 608428.15, "trend": 326.193241, "fair_value": 593.845541, "relative_strength": -20.133303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.448556, "energy": 40.945634, "activity_lines": [ 259.472667, 259.208829, 279.435591, 302.67753 ] }, { "date": "2025-04-25", "close": 269.88, "volume": 496486, "typical_volume": 616564.1, "trend": 323.605943, "fair_value": 588.583796, "relative_strength": -18.537596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.950146, "energy": 35.426183, "activity_lines": [ 262.838667, 260.416364, 276.046064, 299.044418 ] }, { "date": "2025-05-02", "close": 152.51, "volume": 1749412, "typical_volume": 685790.4, "trend": 317.34318, "fair_value": 582.803557, "relative_strength": -54.613755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.282527, "energy": 62.495961, "activity_lines": [ 226.159333, 240.686545, 262.181288, 288.00597 ] }, { "date": "2025-05-09", "close": 164.99, "volume": 1552488, "typical_volume": 739251.6, "trend": 311.72444, "fair_value": 577.094925, "relative_strength": -49.962436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.189126, "energy": 84.829569, "activity_lines": [ 201.324, 225.491818, 250.543443, 278.176733 ] }, { "date": "2025-05-16", "close": 159.19, "volume": 1264916, "typical_volume": 790601.9, "trend": 305.215194, "fair_value": 570.96841, "relative_strength": -53.460473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.731783, "energy": 89.949427, "activity_lines": [ 180.55, 210.973273, 239.30726, 268.335801 ] }, { "date": "2025-05-23", "close": 151.69, "volume": 1271547, "typical_volume": 838915.6, "trend": 299.0129, "fair_value": 564.220065, "relative_strength": -53.886687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.615494, "energy": 90.31864, "activity_lines": [ 164.338667, 197.244909, 228.345571, 258.43095 ] }, { "date": "2025-05-30", "close": 146.33, "volume": 789417, "typical_volume": 855520.05, "trend": 292.096937, "fair_value": 557.416033, "relative_strength": -55.578916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.145937, "energy": 88.056527, "activity_lines": [ 153.231333, 183.901818, 217.910862, 248.58044 ] }, { "date": "2025-06-06", "close": 135.88, "volume": 1217374, "typical_volume": 889526.25, "trend": 283.437312, "fair_value": 550.581423, "relative_strength": -58.761286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.508574, "energy": 87.518404, "activity_lines": [ 146.877333, 170.653636, 207.43953, 238.501928 ] }, { "date": "2025-06-13", "close": 131.81, "volume": 1197962, "typical_volume": 931969.05, "trend": 274.803536, "fair_value": 544.13096, "relative_strength": -59.235044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.556647, "energy": 85.929447, "activity_lines": [ 140.275333, 159.063455, 197.500052, 228.719521 ] }, { "date": "2025-06-20", "close": 128.2, "volume": 1198120, "typical_volume": 965508.5, "trend": 265.429899, "fair_value": 537.34307, "relative_strength": -59.641906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.182937, "energy": 82.916421, "activity_lines": [ 134.682, 149.055091, 188.16679, 219.261228 ] }, { "date": "2025-06-27", "close": 130.67, "volume": 922814, "typical_volume": 965734.9, "trend": 256.018359, "fair_value": 530.417444, "relative_strength": -59.620467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.734943, "energy": 73.214429, "activity_lines": [ 131.978, 141.985455, 179.89136, 210.567041 ] }, { "date": "2025-07-04", "close": 137.36, "volume": 688609, "typical_volume": 974435.55, "trend": 246.681099, "fair_value": 523.260431, "relative_strength": -57.645873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.608021, "energy": 64.506018, "activity_lines": [ 132.905333, 138.393636, 172.956429, 202.911663 ] }, { "date": "2025-07-11", "close": 124.64, "volume": 927406, "typical_volume": 996293.6, "trend": 238.483577, "fair_value": 515.785999, "relative_strength": -60.885121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.197085, "energy": 65.281275, "activity_lines": [ 130.190667, 134.898545, 165.546571, 195.038044 ] }, { "date": "2025-07-18", "close": 128.53, "volume": 1253122, "typical_volume": 1007626.35, "trend": 230.589948, "fair_value": 507.986349, "relative_strength": -59.246286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.134486, "energy": 61.678544, "activity_lines": [ 129.522, 132.617455, 159.233381, 187.944265 ] }, { "date": "2025-07-25", "close": 144.33, "volume": 1261760, "typical_volume": 1011222.85, "trend": 223.17316, "fair_value": 500.640238, "relative_strength": -54.0597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.490537, "energy": 49.31493, "activity_lines": [ 134.338667, 133.872, 155.051857, 182.379107 ] }, { "date": "2025-08-01", "close": 136.77, "volume": 1310754, "typical_volume": 1020703.0, "trend": 215.413629, "fair_value": 493.275886, "relative_strength": -54.483488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.70892, "energy": 55.453342, "activity_lines": [ 135.56, 134.022182, 150.78519, 176.804709 ] }, { "date": "2025-08-08", "close": 132.94, "volume": 1063690, "typical_volume": 1029640.6, "trend": 208.256991, "fair_value": 485.900262, "relative_strength": -55.928351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.65211, "energy": 52.843304, "activity_lines": [ 135.098, 133.747273, 146.580952, 171.48383 ] }, { "date": "2025-08-15", "close": 153.99, "volume": 909125, "typical_volume": 1039818.55, "trend": 202.424347, "fair_value": 478.883737, "relative_strength": -48.588516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.904468, "energy": 37.648348, "activity_lines": [ 141.947333, 137.543091, 144.967714, 167.982734 ] }, { "date": "2025-08-22", "close": 163.78, "volume": 624561, "typical_volume": 1036929.4, "trend": 196.839833, "fair_value": 472.769128, "relative_strength": -44.652542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.185294, "energy": 25.983947, "activity_lines": [ 150.103333, 142.789636, 144.828667, 165.48955 ] }, { "date": "2025-08-29", "close": 161.48, "volume": 542008, "typical_volume": 1033742.3, "trend": 192.191008, "fair_value": 467.013083, "relative_strength": -44.541868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.687675, "energy": 22.316594, "activity_lines": [ 155.142667, 147.036727, 144.904524, 163.208271 ] }, { "date": "2025-09-05", "close": 163.86, "volume": 418196, "typical_volume": 1032988.35, "trend": 188.373853, "fair_value": 461.449008, "relative_strength": -42.985653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.545165, "energy": 22.749005, "activity_lines": [ 159.832, 151.111455, 145.700619, 161.380464 ] }, { "date": "2025-09-12", "close": 171.93, "volume": 771251, "typical_volume": 1046726.6, "trend": 184.370667, "fair_value": 456.351102, "relative_strength": -40.236075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.153294, "energy": 24.686094, "activity_lines": [ 165.405333, 156.05, 147.699524, 160.31957 ] }, { "date": "2025-09-19", "close": 169.19, "volume": 541198, "typical_volume": 986315.9, "trend": 180.772333, "fair_value": 451.791129, "relative_strength": -41.018223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.659845, "energy": 22.593373, "activity_lines": [ 167.466, 159.861818, 149.903905, 159.340172 ] }, { "date": "2025-09-26", "close": 166.49, "volume": 485178, "typical_volume": 932950.4, "trend": 177.649333, "fair_value": 447.720498, "relative_strength": -40.836706, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.302975, "energy": 19.753086, "activity_lines": [ 167.613333, 162.372727, 151.771714, 158.418731 ] }, { "date": "2025-10-03", "close": 178.48, "volume": 542129, "typical_volume": 896811.05, "trend": 174.343667, "fair_value": 443.946082, "relative_strength": -36.312681, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.703903, "energy": 27.423057, "activity_lines": [ 171.576667, 166.373455, 154.774286, 158.472323 ] }, { "date": "2025-10-10", "close": 155.48, "volume": 551489, "typical_volume": 860808.15, "trend": 171.977, "fair_value": 440.216181, "relative_strength": -42.230711, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.751385, "energy": 12.513073, "activity_lines": [ 166.74, 165.571455, 155.494524, 157.255312 ] }, { "date": "2025-10-17", "close": 163.95, "volume": 374870, "typical_volume": 840080.8, "trend": 168.907, "fair_value": 436.616946, "relative_strength": -39.083188, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.086735, "energy": 9.920311, "activity_lines": [ 165.285333, 165.969273, 157.003381, 156.737441 ] }, { "date": "2025-10-24", "close": 161.06, "volume": 466137, "typical_volume": 802518.95, "trend": 165.35, "fair_value": 432.373281, "relative_strength": -40.29403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.266716, "energy": 9.073554, "activity_lines": [ 163.399333, 165.277818, 158.153095, 156.231183 ] }, { "date": "2025-10-31", "close": 148.55, "volume": 420171, "typical_volume": 763629.4, "trend": 161.804667, "fair_value": 429.210166, "relative_strength": -44.2176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.953722, "energy": 14.117362, "activity_lines": [ 157.885333, 162.183273, 157.991476, 155.147312 ] }, { "date": "2025-11-07", "close": 131.48, "volume": 672728, "typical_volume": 737359.8, "trend": 157.349667, "fair_value": 425.690988, "relative_strength": -48.613126, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.692886, "energy": 31.812651, "activity_lines": [ 147.877333, 156.262, 156.124429, 153.190882 ] }, { "date": "2025-11-14", "close": 107.73, "volume": 839192, "typical_volume": 733178.7, "trend": 152.439, "fair_value": 422.265784, "relative_strength": -56.834585, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.387785, "energy": 69.935277, "activity_lines": [ 133.086, 146.568, 151.979857, 149.989613 ] }, { "date": "2025-11-21", "close": 109.13, "volume": 895262, "typical_volume": 743511.35, "trend": 147.080667, "fair_value": 418.662663, "relative_strength": -54.159283, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -42.590004, "energy": 68.273006, "activity_lines": [ 121.944667, 138.149091, 148.077857, 147.195484 ] }, { "date": "2025-11-28", "close": 117.19, "volume": 554018, "typical_volume": 724841.95, "trend": 145.903333, "fair_value": 414.965333, "relative_strength": -51.170723, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.428809, "energy": 77.510282, "activity_lines": [ 117.144667, 132.337455, 145.077905, 145.267054 ] }, { "date": "2025-12-05", "close": 127.29, "volume": 622054, "typical_volume": 693288.55, "trend": 144.646667, "fair_value": 411.286548, "relative_strength": -45.623082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.717798, "energy": 74.55939, "activity_lines": [ 118.636, 129.307636, 143.075333, 144.066194 ] }, { "date": "2025-12-12", "close": 132.35, "volume": 751327, "typical_volume": 667766.9, "trend": 143.752, "fair_value": 407.90536, "relative_strength": -41.735446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.130375, "energy": 49.376521, "activity_lines": [ 123.231333, 127.910545, 141.560571, 143.27286 ] }, { "date": "2025-12-19", "close": 127.09, "volume": 884841, "typical_volume": 646471.25, "trend": 142.932, "fair_value": 404.502186, "relative_strength": -42.671807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.498274, "energy": 34.791472, "activity_lines": [ 126.015333, 126.395818, 139.601905, 142.197892 ] }, { "date": "2025-12-26", "close": 116.93, "volume": 320098, "typical_volume": 609291.65, "trend": 141.952, "fair_value": 400.947108, "relative_strength": -46.564123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.801564, "energy": 32.177246, "activity_lines": [ 124.122, 123.55, 136.721714, 140.520344 ] }, { "date": "2026-01-02", "close": 104.16, "volume": 525575, "typical_volume": 590114.15, "trend": 140.894667, "fair_value": 397.287556, "relative_strength": -50.462446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.953886, "energy": 45.151525, "activity_lines": [ 117.452, 119.237273, 132.701571, 138.082151 ] }, { "date": "2026-01-09", "close": 98.26, "volume": 745389, "typical_volume": 596155.55, "trend": 139.776333, "fair_value": 393.325626, "relative_strength": -52.627995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.129244, "energy": 69.715575, "activity_lines": [ 109.684, 114.886364, 128.35681, 135.331527 ] }, { "date": "2026-01-16", "close": 86.15, "volume": 876001, "typical_volume": 612855.2, "trend": 138.374667, "fair_value": 389.138098, "relative_strength": -57.128753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.492268, "energy": 83.502458, "activity_lines": [ 99.814667, 109.248, 123.170714, 131.871763 ] }, { "date": "2026-01-23", "close": 80.65, "volume": 675563, "typical_volume": 625723.55, "trend": 136.707333, "fair_value": 384.825031, "relative_strength": -58.532121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.305137, "energy": 88.82819, "activity_lines": [ 91.192, 103.433818, 117.819524, 128.147591 ] }, { "date": "2026-01-30", "close": 80.99, "volume": 828596, "typical_volume": 628590.8, "trend": 134.828333, "fair_value": 380.339869, "relative_strength": -57.393041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.738758, "energy": 89.440147, "activity_lines": [ 85.778667, 98.173818, 112.896952, 124.552925 ] }, { "date": "2026-02-06", "close": 100.75, "volume": 994952, "typical_volume": 651278.5, "trend": 134.032, "fair_value": 376.198582, "relative_strength": -45.665925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.634011, "energy": 82.171276, "activity_lines": [ 89.348, 97.018182, 110.289333, 122.354323 ] }, { "date": "2026-02-13", "close": 113.58, "volume": 573793, "typical_volume": 655709.25, "trend": 133.533667, "fair_value": 372.353724, "relative_strength": -36.5037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.906727, "energy": 52.255065, "activity_lines": [ 97.421333, 98.494182, 109.229524, 121.034839 ] }, { "date": "2026-02-20", "close": 105.32, "volume": 586589, "typical_volume": 657932.25, "trend": 132.233333, "fair_value": 368.83735, "relative_strength": -40.403133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.636548, "energy": 34.785186, "activity_lines": [ 101.72, 98.717636, 107.635, 119.214602 ] }, { "date": "2026-02-27", "close": 95.95, "volume": 1106480, "typical_volume": 685681.8, "trend": 130.872667, "fair_value": 365.250653, "relative_strength": -44.163146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.242344, "energy": 26.680646, "activity_lines": [ 101.617333, 97.728909, 105.496476, 116.873742 ] }, { "date": "2026-03-06", "close": 111.33, "volume": 803599, "typical_volume": 707118.25, "trend": 130.152333, "fair_value": 362.061306, "relative_strength": -32.225316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.558164, "energy": 24.467881, "activity_lines": [ 105.621333, 100.102727, 105.10619, 115.612925 ] }, { "date": "2026-03-13", "close": 113.04, "volume": 729072, "typical_volume": 720265.0, "trend": 128.787333, "fair_value": 358.81688, "relative_strength": -28.810949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.022949, "energy": 19.870963, "activity_lines": [ 108.172667, 102.889273, 105.129333, 114.508903 ] }, { "date": "2026-03-20", "close": 94.44, "volume": 921561, "typical_volume": 745334.5, "trend": 126.476, "fair_value": 355.349064, "relative_strength": -37.875966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.878547, "energy": 24.346811, "activity_lines": [ 103.704667, 102.132545, 103.609714, 112.292946 ] }, { "date": "2026-03-27", "close": 95.21, "volume": 613003, "typical_volume": 742348.25, "trend": 124.267, "fair_value": 351.698321, "relative_strength": -34.116104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.020879, "energy": 27.501478, "activity_lines": [ 100.769333, 101.585273, 102.421095, 110.275785 ] }, { "date": "2026-04-03", "close": 96.76, "volume": 407998, "typical_volume": 720788.55, "trend": 122.030333, "fair_value": 348.098667, "relative_strength": -33.218993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.81409, "energy": 31.694999, "activity_lines": [ 99.024667, 101.155091, 101.55281, 108.50114 ] }, { "date": "2026-04-10", "close": 91.83, "volume": 427485, "typical_volume": 697399.7, "trend": 119.360333, "fair_value": 344.511114, "relative_strength": -36.806391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.390611, "energy": 39.569401, "activity_lines": [ 95.582667, 99.535636, 100.267238, 106.552731 ] }, { "date": "2026-04-17", "close": 107.52, "volume": 493814, "typical_volume": 694389.5, "trend": 117.304667, "fair_value": 341.016672, "relative_strength": -26.982272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.019332, "energy": 24.347166, "activity_lines": [ 98.670667, 100.571818, 100.558333, 105.788839 ] }, { "date": "2026-04-24", "close": 103.0, "volume": 863868, "typical_volume": 706480.2, "trend": 115.188333, "fair_value": 337.073462, "relative_strength": -28.079796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.125017, "energy": 18.609065, "activity_lines": [ 100.62, 100.663091, 100.465, 104.865957 ] }, { "date": "2026-05-01", "close": 75.01, "volume": 996897, "typical_volume": 718758.7, "trend": 111.739333, "fair_value": 333.322428, "relative_strength": -47.261762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.793538, "energy": 38.023335, "activity_lines": [ 92.668667, 95.857636, 97.821619, 102.273806 ] }, { "date": "2026-05-08", "close": 62.39, "volume": 1360331, "typical_volume": 742533.2, "trend": 108.636333, "fair_value": 329.63672, "relative_strength": -56.243694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.066054, "energy": 59.465599, "activity_lines": [ 81.857333, 89.308727, 94.249381, 99.089978 ] }, { "date": "2026-05-15", "close": 48.77, "volume": 980761, "typical_volume": 775566.35, "trend": 104.797, "fair_value": 325.912871, "relative_strength": -65.157005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.78637, "energy": 83.000387, "activity_lines": [ 68.797333, 80.893636, 89.688095, 95.227634 ] }, { "date": "2026-05-22", "close": 52.28, "volume": 1246876, "typical_volume": 811631.4, "trend": 101.171, "fair_value": 322.462815, "relative_strength": -62.226048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.44312, "energy": 85.929872, "activity_lines": [ 59.778, 74.254182, 85.785667, 91.839441 ] }, { "date": "2026-05-29", "close": 52.55, "volume": 733363, "typical_volume": 811030.1, "trend": 97.971, "fair_value": 318.995525, "relative_strength": -61.857178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.304475, "energy": 86.668708, "activity_lines": [ 54.531333, 68.768545, 82.156, 88.702602 ] }, { "date": "2026-06-05", "close": 43.82, "volume": 994993, "typical_volume": 816979.7, "trend": 95.049, "fair_value": 315.223303, "relative_strength": -66.781174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.171184, "energy": 90.895033, "activity_lines": [ 49.738, 62.457273, 77.912571, 85.208989 ] }, { "date": "2026-06-12", "close": 47.0, "volume": 1068641, "typical_volume": 836633.6, "trend": 93.024667, "fair_value": 311.404694, "relative_strength": -63.952259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.411852, "energy": 86.381608, "activity_lines": [ 48.084, 57.658545, 74.173571, 82.109054 ] }, { "date": "2026-06-19", "close": 40.99, "volume": 1667983, "typical_volume": 878602.95, "trend": 90.753333, "fair_value": 307.796288, "relative_strength": -68.286397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.431944, "energy": 86.399682, "activity_lines": [ 45.452667, 52.671818, 70.022429, 78.751978 ] }, { "date": "2026-06-26", "close": 52.87, "volume": 1562504, "typical_volume": 906980.55, "trend": 88.609333, "fair_value": 304.128483, "relative_strength": -57.425723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.158769, "energy": 63.106894, "activity_lines": [ 47.3, 50.769455, 67.19319, 76.307892 ] }, { "date": "2026-07-03", "close": 48.91, "volume": 1301864, "typical_volume": 943384.1, "trend": 85.996667, "fair_value": 300.456878, "relative_strength": -60.756629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.236654, "energy": 56.349838, "activity_lines": [ 47.788, 49.140727, 64.21481, 73.746645 ] }, { "date": "2026-07-10", "close": 36.19, "volume": 1297604, "typical_volume": 978934.85, "trend": 82.791333, "fair_value": 296.771055, "relative_strength": -70.837227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.859396, "energy": 60.219231, "activity_lines": [ 44.278667, 46.182727, 60.332952, 70.533312 ] }, { "date": "2026-07-17", "close": 39.3, "volume": 1201795, "typical_volume": 983700.6, "trend": 79.865, "fair_value": 292.590273, "relative_strength": -67.243417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.815776, "energy": 56.669972, "activity_lines": [ 42.314667, 44.496, 57.076476, 67.727419 ] }, { "date": "2026-07-24", "close": 37.63, "volume": 885259, "typical_volume": 987783.6, "trend": 77.221667, "fair_value": 288.501472, "relative_strength": -67.766249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.637144, "energy": 59.853234, "activity_lines": [ 40.307333, 42.925455, 53.930714, 65.002581 ] }, { "date": "2026-07-31", "close": 39.99, "volume": 983644, "typical_volume": 1000512.2, "trend": 75.082667, "fair_value": 284.678538, "relative_strength": -65.40492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.243172, "energy": 74.017566, "activity_lines": [ 39.310667, 41.986545, 51.360667, 62.600538 ] }, { "date": "2026-08-07", "close": 37.32, "volume": 972597, "typical_volume": 1003064.0, "trend": 73.051333, "fair_value": 280.752329, "relative_strength": -68.16627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.833724, "energy": 78.75718, "activity_lines": [ 38.282667, 40.785636, 48.88419, 60.164237 ] } ], "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." } } }