{ "ticker": { "uuid": "e5248bf3-da39-4503-bef0-94b9ed6d362b", "symbol": "QQ", "name": "QinetiQ Group plc", "exchange": "LSE", "country": "GB", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 41.48, "architecture_energy": 50.525, "architecture_maturity": 32.878, "architecture_confidence": 86.733, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 36.37, "rotation_up": 69.16, "upward_expansion": 49.85, "deceleration": 21.04, "rotation_down": 17.29, "downward_expansion": 24.85 }, "activity_lines": [ 506.469593, 481.636031, 469.907741, 470.948536 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 553.5, "trend_reference": 476.756813, "distance_from_trend": 0.160969, "trend_direction": "Improving", "fair_value": 426.910911, "distance_from_fair_value": 0.296523, "fair_value_direction": "Improving", "relative_strength": 7.543961, "relative_strength_direction": "Improving", "price_momentum": 0.168708, "excess_performance": 0.117472, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.160969, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020487, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.296523, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.28596, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.07544, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.253015, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.168708, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.976137, "read": "Demand-led" } ], "volume": { "latest": 12826728, "relative_activity": 1.591978, "balance": 1.976137, "dry_up": 1.236317, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.08102, "annualized_volatility": 0.470121, "from_high_reference": -0.029475, "from_low_reference": 0.398473 }, "levels": { "trend_reference": 476.756813, "fair_value_reference": 426.910911, "structural_low": 395.7889, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.014303, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.000163, "regime_survival": 0.6, "best_return": 0.240519, "worst_return": -0.159367, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.026954, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.005929, "regime_survival": 0.285714, "best_return": 0.330154, "worst_return": -0.181653, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.005005, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.074489, "regime_survival": 0.2, "best_return": 0.419089, "worst_return": -0.163356, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.215867, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.040244, "regime_survival": 0.5, "best_return": 0.352495, "worst_return": -0.060681, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-02-28", "tenure": "Developing", "return": -0.001907, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": -0.235798, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-05-30", "tenure": "Developing", "return": 0.317435, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-07-18", "tenure": "Developing", "return": -0.085377, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-09-19", "tenure": "Developing", "return": 0.011405, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-10-24", "tenure": "Developing", "return": -0.068539, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": -0.072174, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": -0.066936, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-01-16", "tenure": "Developing", "return": 0.233329, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-03-06", "tenure": "Developing", "return": -0.036398, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-03-27", "tenure": "New", "return": -0.125882, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": -0.079418, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": 0.19511, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.176158, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 300.064026, "volume": 4754363, "typical_volume": 5848504.7, "trend": 344.843916, "fair_value": 324.312861, "relative_strength": -10.050098, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.014429, "energy": 81.516231, "activity_lines": [ 314.413971, 326.013807, 341.136719, 343.69065 ] }, { "date": "2023-08-25", "close": 315.457001, "volume": 7368392, "typical_volume": 6048986.9, "trend": 343.96606, "fair_value": 324.466845, "relative_strength": -6.238542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.260505, "energy": 72.516937, "activity_lines": [ 312.445073, 322.461242, 337.866198, 341.79472 ] }, { "date": "2023-09-01", "close": 334.448425, "volume": 8917788, "typical_volume": 6210594.95, "trend": 343.694603, "fair_value": 324.850125, "relative_strength": -2.211102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.159977, "energy": 51.728223, "activity_lines": [ 318.975442, 323.149398, 336.520275, 341.180679 ] }, { "date": "2023-09-08", "close": 334.248535, "volume": 2978227, "typical_volume": 5875263.65, "trend": 343.603035, "fair_value": 325.27694, "relative_strength": -2.41958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.552003, "energy": 32.86154, "activity_lines": [ 324.572906, 324.120084, 335.235974, 340.571256 ] }, { "date": "2023-09-15", "close": 335.248077, "volume": 7289637, "typical_volume": 5963464.05, "trend": 343.258293, "fair_value": 325.747296, "relative_strength": -5.014954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.736754, "energy": 21.350122, "activity_lines": [ 329.837189, 325.624086, 334.226514, 340.032226 ] }, { "date": "2023-09-22", "close": 323.4534, "volume": 4834609, "typical_volume": 5984749.15, "trend": 342.553708, "fair_value": 326.12796, "relative_strength": -7.778512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.691973, "energy": 23.785382, "activity_lines": [ 329.690584, 325.015373, 332.264831, 338.754491 ] }, { "date": "2023-09-29", "close": 318.655579, "volume": 7397820, "typical_volume": 6093526.8, "trend": 341.935711, "fair_value": 326.376713, "relative_strength": -8.010549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.101967, "energy": 22.629874, "activity_lines": [ 326.385415, 323.867771, 330.049663, 337.212676 ] }, { "date": "2023-10-06", "close": 307.860474, "volume": 6250717, "typical_volume": 6101107.35, "trend": 341.251034, "fair_value": 326.553431, "relative_strength": -9.484616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.350838, "energy": 38.964171, "activity_lines": [ 319.268638, 321.290755, 327.05648, 335.014274 ] }, { "date": "2023-10-13", "close": 332.24942, "volume": 9564503, "typical_volume": 6229496.75, "trend": 341.599188, "fair_value": 327.024797, "relative_strength": -3.406346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.597482, "energy": 31.583417, "activity_lines": [ 322.054041, 323.395254, 326.727528, 334.433525 ] }, { "date": "2023-10-20", "close": 328.850952, "volume": 5975370, "typical_volume": 6169687.8, "trend": 341.700808, "fair_value": 327.386014, "relative_strength": -1.636419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.875844, "energy": 27.337421, "activity_lines": [ 323.839895, 324.736461, 326.255511, 333.611058 ] }, { "date": "2023-10-27", "close": 326.851898, "volume": 3638402, "typical_volume": 6031306.95, "trend": 341.775768, "fair_value": 327.967495, "relative_strength": -0.487618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.080085, "energy": 22.408666, "activity_lines": [ 325.385872, 325.427063, 325.726121, 332.653064 ] }, { "date": "2023-11-03", "close": 342.244873, "volume": 4864916, "typical_volume": 5847484.95, "trend": 341.857467, "fair_value": 328.528548, "relative_strength": 2.578129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.423398, "energy": 10.794487, "activity_lines": [ 331.836275, 328.429335, 326.85761, 332.683329 ] }, { "date": "2023-11-10", "close": 341.245331, "volume": 4384597, "typical_volume": 5843673.15, "trend": 341.519416, "fair_value": 328.727174, "relative_strength": 3.034081, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.644134, "energy": 13.251506, "activity_lines": [ 336.380878, 330.76282, 327.972654, 332.643836 ] }, { "date": "2023-11-17", "close": 321.854156, "volume": 10119372, "typical_volume": 6130062.85, "trend": 339.848744, "fair_value": 328.832233, "relative_strength": -4.552373, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.441509, "energy": 12.962385, "activity_lines": [ 332.236098, 329.447057, 327.292068, 331.375109 ] }, { "date": "2023-11-24", "close": 321.854156, "volume": 8311605, "typical_volume": 6208143.5, "trend": 338.204722, "fair_value": 328.962905, "relative_strength": -4.210397, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.662443, "energy": 11.143986, "activity_lines": [ 328.784336, 328.356646, 326.762584, 330.214168 ] }, { "date": "2023-12-01", "close": 296.465668, "volume": 13288695, "typical_volume": 6717576.35, "trend": 335.880983, "fair_value": 328.902656, "relative_strength": -12.001481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.759934, "energy": 45.05479, "activity_lines": [ 317.336198, 322.893672, 323.88725, 327.521326 ] }, { "date": "2023-12-08", "close": 298.06488, "volume": 9117893, "typical_volume": 6908998.55, "trend": 333.443985, "fair_value": 328.932059, "relative_strength": -11.546308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.777748, "energy": 59.627654, "activity_lines": [ 308.446879, 318.21215, 321.380065, 325.081578 ] }, { "date": "2023-12-15", "close": 305.461548, "volume": 10544736, "typical_volume": 7090688.35, "trend": 330.973712, "fair_value": 328.898741, "relative_strength": -9.298909, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.474082, "energy": 61.67177, "activity_lines": [ 304.968449, 315.249853, 319.815058, 323.276259 ] }, { "date": "2023-12-22", "close": 309.259857, "volume": 4922460, "typical_volume": 7021465.35, "trend": 328.943194, "fair_value": 328.859035, "relative_strength": -9.274817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.63666, "energy": 58.61741, "activity_lines": [ 305.141707, 313.021775, 318.687951, 321.875365 ] }, { "date": "2023-12-29", "close": 308.860016, "volume": 1263289, "typical_volume": 6789369.55, "trend": 327.345741, "fair_value": 328.791153, "relative_strength": -9.49848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.9408, "energy": 41.905257, "activity_lines": [ 306.021305, 311.13899, 317.59416, 320.579676 ] }, { "date": "2024-01-05", "close": 305.486694, "volume": 7792996, "typical_volume": 6941301.2, "trend": 325.2694, "fair_value": 328.678459, "relative_strength": -9.722362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.285468, "energy": 30.88203, "activity_lines": [ 306.642739, 309.006346, 316.199092, 319.169415 ] }, { "date": "2024-01-12", "close": 318.881714, "volume": 13133947, "typical_volume": 7229578.95, "trend": 323.939378, "fair_value": 328.666999, "relative_strength": -4.892464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.285287, "energy": 19.006343, "activity_lines": [ 311.127777, 309.697618, 316.053917, 318.757306 ] }, { "date": "2024-01-19", "close": 333.476318, "volume": 10523109, "typical_volume": 7309845.0, "trend": 323.322372, "fair_value": 328.769585, "relative_strength": 1.605163, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.713289, "energy": 10.011235, "activity_lines": [ 319.089894, 313.467239, 317.282397, 319.372593 ] }, { "date": "2024-01-26", "close": 360.666229, "volume": 15604353, "typical_volume": 7941151.3, "trend": 323.558397, "fair_value": 329.152767, "relative_strength": 7.245625, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.011043, "energy": 31.800367, "activity_lines": [ 334.247664, 322.321735, 321.105021, 321.781874 ] }, { "date": "2024-02-02", "close": 351.469666, "volume": 11431861, "typical_volume": 8148262.5, "trend": 324.040867, "fair_value": 329.456505, "relative_strength": 4.652232, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.984575, "energy": 52.559277, "activity_lines": [ 342.912821, 328.798455, 323.925983, 323.582601 ] }, { "date": "2024-02-09", "close": 367.063873, "volume": 7286946, "typical_volume": 8270879.35, "trend": 324.883241, "fair_value": 329.857644, "relative_strength": 9.641184, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.013323, "energy": 77.593485, "activity_lines": [ 353.935404, 337.572021, 328.154862, 326.358279 ] }, { "date": "2024-02-16", "close": 375.260834, "volume": 9435834, "typical_volume": 8372780.05, "trend": 325.792305, "fair_value": 330.361276, "relative_strength": 9.805737, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.311189, "energy": 86.698931, "activity_lines": [ 363.585162, 346.55234, 332.956735, 329.608446 ] }, { "date": "2024-02-23", "close": 367.063873, "volume": 7067439, "typical_volume": 8413616.15, "trend": 327.312624, "fair_value": 330.800837, "relative_strength": 7.301132, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.983247, "energy": 81.036488, "activity_lines": [ 366.743992, 352.63874, 336.708397, 332.271128 ] }, { "date": "2024-03-01", "close": 373.461487, "volume": 7416924, "typical_volume": 8306237.2, "trend": 328.952904, "fair_value": 331.181511, "relative_strength": 9.217007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.738695, "energy": 83.573898, "activity_lines": [ 369.796189, 358.768299, 340.787434, 335.248474 ] }, { "date": "2024-03-08", "close": 363.6651, "volume": 10121197, "typical_volume": 8513528.55, "trend": 330.639802, "fair_value": 331.464808, "relative_strength": 6.434384, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.181233, "energy": 71.183993, "activity_lines": [ 368.729907, 361.949396, 343.737234, 337.48797 ] }, { "date": "2024-03-15", "close": 354.868378, "volume": 10158372, "typical_volume": 8839527.05, "trend": 332.466614, "fair_value": 331.604626, "relative_strength": 2.85887, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.704246, "energy": 47.327496, "activity_lines": [ 363.918355, 362.534632, 345.683469, 339.051104 ] }, { "date": "2024-03-22", "close": 363.265289, "volume": 7207409, "typical_volume": 8956651.7, "trend": 334.060223, "fair_value": 331.871273, "relative_strength": 2.511119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.060848, "energy": 40.74756, "activity_lines": [ 362.718807, 363.74873, 348.295998, 341.038116 ] }, { "date": "2024-03-29", "close": 365.064636, "volume": 5875709, "typical_volume": 9031207.3, "trend": 335.080764, "fair_value": 332.171225, "relative_strength": 2.58891, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.290805, "energy": 34.984096, "activity_lines": [ 362.918744, 364.483009, 350.979797, 343.0384 ] }, { "date": "2024-04-05", "close": 357.667358, "volume": 5392786, "typical_volume": 8794878.0, "trend": 335.861391, "fair_value": 332.363565, "relative_strength": 0.978925, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.369342, "energy": 28.648766, "activity_lines": [ 360.786204, 363.297995, 352.845667, 344.4956 ] }, { "date": "2024-04-12", "close": 351.869507, "volume": 8076308, "typical_volume": 8783113.15, "trend": 336.415439, "fair_value": 332.374016, "relative_strength": -1.67998, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.368008, "energy": 24.309616, "activity_lines": [ 357.773989, 361.113351, 353.988822, 345.528382 ] }, { "date": "2024-04-19", "close": 337.075012, "volume": 13243532, "typical_volume": 8780855.0, "trend": 336.869493, "fair_value": 332.385687, "relative_strength": -4.447607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.947917, "energy": 15.531194, "activity_lines": [ 350.616648, 356.231528, 353.580047, 345.570935 ] }, { "date": "2024-04-26", "close": 342.472992, "volume": 7422061, "typical_volume": 8696063.4, "trend": 337.663406, "fair_value": 332.455012, "relative_strength": -5.619774, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.05647, "energy": 16.06662, "activity_lines": [ 346.444859, 352.876409, 353.491988, 345.932451 ] }, { "date": "2024-05-03", "close": 353.468903, "volume": 4195736, "typical_volume": 8378613.4, "trend": 339.183687, "fair_value": 332.583298, "relative_strength": -3.294958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.489806, "energy": 16.643542, "activity_lines": [ 347.324526, 352.116689, 354.239691, 346.95216 ] }, { "date": "2024-05-10", "close": 368.263428, "volume": 2739630, "typical_volume": 8269471.9, "trend": 340.384154, "fair_value": 332.810263, "relative_strength": -1.700703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.755878, "energy": 17.55178, "activity_lines": [ 353.908751, 354.294064, 356.167791, 348.828273 ] }, { "date": "2024-05-17", "close": 368.463318, "volume": 4770941, "typical_volume": 8444854.5, "trend": 341.704566, "fair_value": 333.020579, "relative_strength": -1.268498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.804171, "energy": 29.386891, "activity_lines": [ 359.8532, 356.602293, 357.833958, 350.639831 ] }, { "date": "2024-05-24", "close": 413.446655, "volume": 10997095, "typical_volume": 8605059.45, "trend": 344.591058, "fair_value": 333.393737, "relative_strength": 12.095808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.643506, "energy": 75.398296, "activity_lines": [ 379.685842, 367.00207, 363.500427, 355.268353 ] }, { "date": "2024-05-31", "close": 447.03421, "volume": 12466994, "typical_volume": 8571711.8, "trend": 348.084036, "fair_value": 333.989885, "relative_strength": 21.445326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.872056, "energy": 91.810224, "activity_lines": [ 405.622892, 382.443615, 371.851615, 361.877589 ] }, { "date": "2024-06-07", "close": 456.030884, "volume": 7176082, "typical_volume": 8404360.45, "trend": 351.910221, "fair_value": 334.678284, "relative_strength": 23.982404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.028952, "energy": 96.204046, "activity_lines": [ 427.588086, 397.997848, 380.44938, 368.841902 ] }, { "date": "2024-06-14", "close": 438.437378, "volume": 6701248, "typical_volume": 7959205.2, "trend": 355.796329, "fair_value": 335.308976, "relative_strength": 20.28405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.086028, "energy": 89.384903, "activity_lines": [ 436.851312, 408.69933, 386.78798, 374.424299 ] }, { "date": "2024-06-21", "close": 449.83316, "volume": 8875031, "typical_volume": 7831363.7, "trend": 360.062296, "fair_value": 335.990944, "relative_strength": 21.661333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.931144, "energy": 90.128033, "activity_lines": [ 445.234869, 420.004227, 393.841553, 380.491191 ] }, { "date": "2024-06-28", "close": 443.035706, "volume": 7967561, "typical_volume": 7865394.45, "trend": 364.947963, "fair_value": 336.625498, "relative_strength": 20.525179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.566444, "energy": 82.42974, "activity_lines": [ 445.927952, 428.292065, 399.779352, 385.844314 ] }, { "date": "2024-07-05", "close": 452.032379, "volume": 7383501, "typical_volume": 7762777.8, "trend": 370.080213, "fair_value": 337.258807, "relative_strength": 21.925013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.572305, "energy": 65.090002, "activity_lines": [ 447.647323, 436.289105, 406.212207, 391.462664 ] }, { "date": "2024-07-12", "close": 466.826813, "volume": 7302138, "typical_volume": 7774512.75, "trend": 375.459056, "fair_value": 338.030499, "relative_strength": 24.606225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.849215, "energy": 67.42106, "activity_lines": [ 453.96496, 444.984052, 413.688477, 397.70438 ] }, { "date": "2024-07-19", "close": 468.42627, "volume": 6031553, "typical_volume": 7705244.2, "trend": 380.764603, "fair_value": 338.903375, "relative_strength": 25.881886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.16962, "energy": 66.502417, "activity_lines": [ 460.096021, 451.908757, 420.842014, 403.702265 ] }, { "date": "2024-07-26", "close": 463.484436, "volume": 8109687, "typical_volume": 7604668.7, "trend": 385.91875, "fair_value": 339.76605, "relative_strength": 21.8723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.515634, "energy": 60.85535, "activity_lines": [ 462.580544, 456.113804, 427.072687, 409.039028 ] }, { "date": "2024-08-02", "close": 463.084534, "volume": 7160485, "typical_volume": 7454774.35, "trend": 391.172011, "fair_value": 340.571082, "relative_strength": 22.711927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.397038, "energy": 56.461304, "activity_lines": [ 464.021682, 458.518485, 432.789944, 414.017466 ] }, { "date": "2024-08-09", "close": 468.283203, "volume": 4685293, "typical_volume": 7328668.55, "trend": 396.152061, "fair_value": 341.377415, "relative_strength": 23.381605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.351949, "energy": 53.556587, "activity_lines": [ 465.859121, 460.965871, 438.486997, 418.992381 ] }, { "date": "2024-08-16", "close": 481.479919, "volume": 4854937, "typical_volume": 7277629.95, "trend": 401.085514, "fair_value": 342.322142, "relative_strength": 23.820097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.287314, "energy": 54.608643, "activity_lines": [ 471.012077, 465.426316, 444.940795, 424.497405 ] }, { "date": "2024-08-23", "close": 471.882324, "volume": 3225877, "typical_volume": 7169284.5, "trend": 404.792718, "fair_value": 343.154109, "relative_strength": 20.435864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.851847, "energy": 52.695432, "activity_lines": [ 471.988961, 467.679033, 449.926178, 429.064941 ] }, { "date": "2024-08-30", "close": 481.479919, "volume": 3571943, "typical_volume": 6944066.25, "trend": 409.126393, "fair_value": 344.042475, "relative_strength": 21.539884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.029874, "energy": 56.596629, "activity_lines": [ 475.934639, 471.068677, 455.281737, 434.012502 ] }, { "date": "2024-09-06", "close": 445.688873, "volume": 4066052, "typical_volume": 6485192.25, "trend": 411.747226, "fair_value": 344.7962, "relative_strength": 14.731784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.497031, "energy": 38.992158, "activity_lines": [ 466.75027, 467.375463, 456.611432, 436.371372 ] }, { "date": "2024-09-13", "close": 458.685638, "volume": 4332068, "typical_volume": 6330692.6, "trend": 414.528053, "fair_value": 345.59609, "relative_strength": 16.206808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.31314, "energy": 30.806394, "activity_lines": [ 463.057867, 465.997058, 458.661706, 439.399656 ] }, { "date": "2024-09-20", "close": 455.886322, "volume": 5106134, "typical_volume": 6376212.5, "trend": 417.488801, "fair_value": 346.41262, "relative_strength": 15.483449, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.477805, "energy": 22.664363, "activity_lines": [ 459.072196, 463.988718, 459.891984, 442.067932 ] }, { "date": "2024-09-27", "close": 448.888062, "volume": 3499543, "typical_volume": 6414208.15, "trend": 420.00302, "fair_value": 347.256021, "relative_strength": 11.928454, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.865409, "energy": 21.209513, "activity_lines": [ 454.460012, 460.906885, 459.96806, 444.093691 ] }, { "date": "2024-10-04", "close": 463.684357, "volume": 4985908, "typical_volume": 6424956.5, "trend": 423.336995, "fair_value": 348.173775, "relative_strength": 15.491683, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.093185, "energy": 14.620135, "activity_lines": [ 456.312877, 460.870527, 461.06938, 446.911841 ] }, { "date": "2024-10-11", "close": 450.087769, "volume": 4303128, "typical_volume": 6090258.15, "trend": 426.510975, "fair_value": 349.158082, "relative_strength": 11.990217, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.084026, "energy": 12.471258, "activity_lines": [ 454.819916, 458.358428, 460.422353, 448.637698 ] }, { "date": "2024-10-18", "close": 469.282959, "volume": 5157264, "typical_volume": 5724771.65, "trend": 430.044897, "fair_value": 350.396087, "relative_strength": 14.773864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.455304, "energy": 15.783862, "activity_lines": [ 459.432093, 459.572668, 461.428958, 451.397181 ] }, { "date": "2024-10-25", "close": 459.885315, "volume": 3583877, "typical_volume": 5545161.4, "trend": 433.205587, "fair_value": 351.618682, "relative_strength": 13.481187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.219264, "energy": 18.526969, "activity_lines": [ 460.205233, 459.060068, 461.434602, 453.322369 ] }, { "date": "2024-11-01", "close": 462.884552, "volume": 5160540, "typical_volume": 5468126.0, "trend": 436.712827, "fair_value": 352.846414, "relative_strength": 14.75121, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.476507, "energy": 18.51053, "activity_lines": [ 461.711519, 459.485413, 461.707534, 455.237141 ] }, { "date": "2024-11-08", "close": 457.28595, "volume": 11270571, "typical_volume": 5587903.0, "trend": 440.226708, "fair_value": 354.079246, "relative_strength": 14.376353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.699328, "energy": 17.899477, "activity_lines": [ 460.418506, 459.056427, 461.330851, 456.564439 ] }, { "date": "2024-11-15", "close": 423.494415, "volume": 14309455, "typical_volume": 5904997.7, "trend": 443.107355, "fair_value": 355.083937, "relative_strength": 5.644988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.463054, "energy": 8.938294, "activity_lines": [ 448.288208, 452.923415, 457.700437, 455.484936 ] }, { "date": "2024-11-22", "close": 432.492157, "volume": 6736149, "typical_volume": 5872630.1, "trend": 446.107994, "fair_value": 356.191138, "relative_strength": 4.917399, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.363726, "energy": 27.070421, "activity_lines": [ 440.930048, 448.829892, 455.020004, 454.800085 ] }, { "date": "2024-11-29", "close": 415.096527, "volume": 11083655, "typical_volume": 6061705.95, "trend": 448.162248, "fair_value": 357.229099, "relative_strength": -0.02164, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.643273, "energy": 50.524076, "activity_lines": [ 430.226064, 442.049772, 450.775893, 452.799345 ] }, { "date": "2024-12-06", "close": 414.496643, "volume": 8707681, "typical_volume": 6195512.35, "trend": 449.703355, "fair_value": 358.258091, "relative_strength": -0.819229, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.725807, "energy": 59.786724, "activity_lines": [ 422.308038, 435.902215, 446.720985, 450.627371 ] }, { "date": "2024-12-13", "close": 410.897522, "volume": 6955989, "typical_volume": 6137827.45, "trend": 451.117828, "fair_value": 359.237112, "relative_strength": -1.926566, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.960081, "energy": 70.203907, "activity_lines": [ 416.416166, 429.725571, 442.580112, 448.123768 ] }, { "date": "2024-12-20", "close": 404.899017, "volume": 7246232, "typical_volume": 6142114.8, "trend": 450.832907, "fair_value": 360.140535, "relative_strength": -1.15292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.469515, "energy": 72.79041, "activity_lines": [ 411.617354, 423.41805, 438.118366, 445.14191 ] }, { "date": "2024-12-27", "close": 415.69632, "volume": 1406116, "typical_volume": 5978155.95, "trend": 449.788311, "fair_value": 361.101643, "relative_strength": 0.250003, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.814084, "energy": 62.650972, "activity_lines": [ 411.657336, 419.895289, 434.962009, 442.875033 ] }, { "date": "2025-01-03", "close": 415.896271, "volume": 3627608, "typical_volume": 5916789.5, "trend": 448.45049, "fair_value": 362.069013, "relative_strength": -1.012415, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.865949, "energy": 44.921785, "activity_lines": [ 412.883692, 417.383185, 432.075108, 440.68845 ] }, { "date": "2025-01-10", "close": 404.526855, "volume": 5421734, "typical_volume": 6026582.35, "trend": 447.32014, "fair_value": 362.939163, "relative_strength": -4.264668, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.039781, "energy": 44.782747, "activity_lines": [ 410.266925, 413.603716, 428.417709, 437.854667 ] }, { "date": "2025-01-17", "close": 422.323608, "volume": 9536816, "typical_volume": 6324826.0, "trend": 446.403154, "fair_value": 363.820913, "relative_strength": -3.249749, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.06105, "energy": 31.891165, "activity_lines": [ 414.247062, 414.121069, 426.775979, 436.241987 ] }, { "date": "2025-01-24", "close": 384.130554, "volume": 10623014, "typical_volume": 6652674.1, "trend": 444.439649, "fair_value": 364.519325, "relative_strength": -11.902467, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.130685, "energy": 45.131878, "activity_lines": [ 404.734442, 408.329909, 421.778512, 432.2244 ] }, { "date": "2025-01-31", "close": 372.732605, "volume": 11476592, "typical_volume": 7009900.3, "trend": 441.796324, "fair_value": 365.252278, "relative_strength": -16.107582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.818602, "energy": 60.710332, "activity_lines": [ 392.80707, 401.182101, 415.988661, 427.598139 ] }, { "date": "2025-02-07", "close": 361.334686, "volume": 7416027, "typical_volume": 7125394.95, "trend": 438.279919, "fair_value": 365.846836, "relative_strength": -18.708784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.108301, "energy": 75.873167, "activity_lines": [ 379.944639, 393.048482, 409.522594, 422.407066 ] }, { "date": "2025-02-14", "close": 368.333405, "volume": 6113644, "typical_volume": 7256100.0, "trend": 434.943491, "fair_value": 366.573366, "relative_strength": -17.235977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.574236, "energy": 84.370055, "activity_lines": [ 373.052553, 387.164845, 404.173318, 417.894388 ] }, { "date": "2025-02-21", "close": 384.730438, "volume": 10580065, "typical_volume": 7535807.85, "trend": 432.318357, "fair_value": 367.355046, "relative_strength": -12.716344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.577989, "energy": 74.101583, "activity_lines": [ 374.039042, 385.101818, 400.769257, 414.654836 ] }, { "date": "2025-02-28", "close": 404.126953, "volume": 9809933, "typical_volume": 7811148.1, "trend": 430.353105, "fair_value": 367.994611, "relative_strength": -9.786708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.417551, "energy": 45.595897, "activity_lines": [ 383.997247, 387.041196, 399.588455, 412.836036 ] }, { "date": "2025-03-07", "close": 513.907104, "volume": 24151150, "typical_volume": 8760842.4, "trend": 431.873901, "fair_value": 369.340457, "relative_strength": 15.920853, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 8.05984, "energy": 20.412489, "activity_lines": [ 429.215743, 408.954639, 409.081766, 418.226616 ] }, { "date": "2025-03-14", "close": 524.405151, "volume": 12439768, "typical_volume": 9203636.95, "trend": 433.304742, "fair_value": 370.793309, "relative_strength": 18.280878, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.602716, "energy": 51.515282, "activity_lines": [ 468.521954, 430.991166, 419.362395, 424.196374 ] }, { "date": "2025-03-21", "close": 373.132538, "volume": 29786056, "typical_volume": 10434912.75, "trend": 430.013083, "fair_value": 371.161173, "relative_strength": -15.896679, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -4.108975, "energy": 25.29802, "activity_lines": [ 446.532597, 423.550694, 414.928871, 420.314297 ] }, { "date": "2025-03-28", "close": 392.728973, "volume": 12333348, "typical_volume": 10488051.6, "trend": 427.054718, "fair_value": 371.708459, "relative_strength": -11.585177, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 0.573128, "energy": 17.823336, "activity_lines": [ 430.755442, 420.244016, 412.789065, 417.90887 ] }, { "date": "2025-04-04", "close": 377.331787, "volume": 13728180, "typical_volume": 10458987.85, "trend": 424.776148, "fair_value": 372.096836, "relative_strength": -8.738677, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.771375, "energy": 19.472245, "activity_lines": [ 409.312656, 414.675933, 409.490275, 414.700939 ] }, { "date": "2025-04-11", "close": 377.931671, "volume": 11176948, "typical_volume": 10681027.8, "trend": 422.08435, "fair_value": 372.416041, "relative_strength": -7.670664, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.725496, "energy": 36.551246, "activity_lines": [ 389.856177, 409.340534, 406.468438, 411.678715 ] }, { "date": "2025-04-18", "close": 386.530121, "volume": 5497202, "typical_volume": 10401705.15, "trend": 419.772476, "fair_value": 372.694288, "relative_strength": -9.260797, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.148614, "energy": 33.29751, "activity_lines": [ 382.330876, 405.473962, 404.525313, 409.384894 ] }, { "date": "2025-04-25", "close": 386.930023, "volume": 7417251, "typical_volume": 10337183.65, "trend": 417.707208, "fair_value": 372.984065, "relative_strength": -10.803876, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.903452, "energy": 39.255672, "activity_lines": [ 384.130544, 401.222, 402.756305, 407.266026 ] }, { "date": "2025-05-02", "close": 400.727539, "volume": 13647440, "typical_volume": 10671756.2, "trend": 415.608648, "fair_value": 373.371256, "relative_strength": -9.689975, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.556444, "energy": 37.170116, "activity_lines": [ 389.609552, 399.140557, 402.432615, 406.170563 ] }, { "date": "2025-05-09", "close": 426.322906, "volume": 7718517, "typical_volume": 10695370.45, "trend": 414.816486, "fair_value": 373.808508, "relative_strength": -3.67585, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.176304, "energy": 8.290675, "activity_lines": [ 403.087111, 401.42196, 404.595008, 406.861806 ] }, { "date": "2025-05-16", "close": 429.122437, "volume": 8089038, "typical_volume": 11029516.55, "trend": 413.477801, "fair_value": 374.240647, "relative_strength": -4.692696, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.538146, "energy": 7.564413, "activity_lines": [ 414.231773, 403.808807, 406.922005, 407.78477 ] }, { "date": "2025-05-23", "close": 466.115753, "volume": 11477749, "typical_volume": 11422023.6, "trend": 413.685483, "fair_value": 374.865088, "relative_strength": 2.983261, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.001107, "energy": 28.083745, "activity_lines": [ 434.294822, 414.46325, 412.70824, 411.180767 ] }, { "date": "2025-05-30", "close": 497.110138, "volume": 8861988, "typical_volume": 11594036.3, "trend": 414.826336, "fair_value": 375.686929, "relative_strength": 9.04309, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.618607, "energy": 65.287064, "activity_lines": [ 459.383624, 431.812843, 421.207181, 416.563003 ] }, { "date": "2025-06-06", "close": 550.400513, "volume": 14146190, "typical_volume": 11824505.0, "trend": 417.930154, "fair_value": 376.947733, "relative_strength": 19.52947, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.217845, "energy": 84.899814, "activity_lines": [ 494.890544, 456.597458, 434.340523, 425.309724 ] }, { "date": "2025-06-13", "close": 517.906372, "volume": 27129907, "typical_volume": 12649849.65, "trend": 421.07722, "fair_value": 378.01177, "relative_strength": 12.116897, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.206654, "energy": 81.088949, "activity_lines": [ 509.587885, 472.607291, 443.769295, 431.759803 ] }, { "date": "2025-06-20", "close": 497.710022, "volume": 11336092, "typical_volume": 12642824.65, "trend": 423.251148, "fair_value": 378.942501, "relative_strength": 8.592142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.016987, "energy": 83.607703, "activity_lines": [ 511.447544, 482.389159, 450.637578, 436.703854 ] }, { "date": "2025-06-27", "close": 507.908173, "volume": 9403120, "typical_volume": 12742179.3, "trend": 426.34487, "fair_value": 379.798973, "relative_strength": 10.371915, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.988558, "energy": 79.830818, "activity_lines": [ 512.134082, 491.847448, 457.881982, 442.165598 ] }, { "date": "2025-07-04", "close": 501.909241, "volume": 5582994, "typical_volume": 12715646.8, "trend": 429.258623, "fair_value": 380.620833, "relative_strength": 8.700177, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.013099, "energy": 55.599643, "activity_lines": [ 508.034815, 498.008149, 463.857091, 447.040719 ] }, { "date": "2025-07-11", "close": 488.511688, "volume": 4484266, "typical_volume": 12410856.85, "trend": 431.845762, "fair_value": 381.292761, "relative_strength": 4.474028, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.572806, "energy": 39.78819, "activity_lines": [ 499.149756, 499.6424, 467.920167, 450.863497 ] }, { "date": "2025-07-18", "close": 503.408966, "volume": 6439837, "typical_volume": 12242352.05, "trend": 435.129427, "fair_value": 382.061465, "relative_strength": 7.106566, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.398011, "energy": 38.342724, "activity_lines": [ 499.356378, 502.389171, 472.907834, 455.480478 ] }, { "date": "2025-07-25", "close": 499.76944, "volume": 5399600, "typical_volume": 11304774.55, "trend": 437.931864, "fair_value": 382.825735, "relative_strength": 4.881549, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.514919, "energy": 33.36491, "activity_lines": [ 499.316319, 503.072645, 477.076109, 459.650801 ] }, { "date": "2025-08-01", "close": 490.570038, "volume": 6852818, "typical_volume": 11025427.05, "trend": 440.42099, "fair_value": 383.561783, "relative_strength": 3.635276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.231666, "energy": 28.798465, "activity_lines": [ 496.072498, 500.79901, 480.435573, 463.046812 ] }, { "date": "2025-08-08", "close": 488.57016, "volume": 5124460, "typical_volume": 9792347.25, "trend": 443.222433, "fair_value": 384.390068, "relative_strength": 3.042557, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.772905, "energy": 26.971642, "activity_lines": [ 493.317926, 497.717138, 483.765691, 466.15321 ] }, { "date": "2025-08-15", "close": 481.570587, "volume": 9324185, "typical_volume": 9641889.1, "trend": 445.197333, "fair_value": 385.170922, "relative_strength": 1.28181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.900474, "energy": 20.542789, "activity_lines": [ 489.119436, 493.517888, 485.87948, 468.627285 ] }, { "date": "2025-08-22", "close": 483.370453, "volume": 5385743, "typical_volume": 9224767.25, "trend": 448.505329, "fair_value": 386.005593, "relative_strength": -0.152591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.744339, "energy": 17.581611, "activity_lines": [ 485.983641, 490.897339, 487.74163, 471.090067 ] }, { "date": "2025-08-29", "close": 475.770905, "volume": 4580316, "typical_volume": 8894935.65, "trend": 451.939939, "fair_value": 386.896605, "relative_strength": -0.077246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.147139, "energy": 13.613596, "activity_lines": [ 481.650564, 487.522981, 488.375068, 472.849136 ] }, { "date": "2025-09-05", "close": 477.970795, "volume": 4411491, "typical_volume": 8840650.1, "trend": 455.82781, "fair_value": 387.820938, "relative_strength": 0.252467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.641624, "energy": 14.441657, "activity_lines": [ 479.650686, 484.947496, 488.752117, 474.528546 ] }, { "date": "2025-09-12", "close": 504.969147, "volume": 5367715, "typical_volume": 8738173.3, "trend": 460.382334, "fair_value": 388.956773, "relative_strength": 5.099329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.365689, "energy": 19.433076, "activity_lines": [ 487.490208, 487.825117, 491.265007, 477.698955 ] }, { "date": "2025-09-19", "close": 505.469116, "volume": 6656675, "typical_volume": 8388635.05, "trend": 464.406957, "fair_value": 390.012535, "relative_strength": 5.985262, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.341878, "energy": 29.439174, "activity_lines": [ 494.403121, 490.738008, 493.263421, 480.60778 ] }, { "date": "2025-09-26", "close": 533.967346, "volume": 5076508, "typical_volume": 8256534.6, "trend": 468.73497, "fair_value": 391.321443, "relative_strength": 10.992572, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.6786, "energy": 69.681999, "activity_lines": [ 509.222209, 498.524078, 497.477184, 485.095547 ] }, { "date": "2025-10-03", "close": 535.467285, "volume": 8202399, "typical_volume": 8262202.65, "trend": 469.453643, "fair_value": 392.565658, "relative_strength": 8.865755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.865882, "energy": 78.205581, "activity_lines": [ 521.16815, 506.027257, 501.321205, 489.400857 ] }, { "date": "2025-10-10", "close": 499.76944, "volume": 5913868, "typical_volume": 7984008.6, "trend": 468.632452, "fair_value": 393.570791, "relative_strength": 2.353381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.242889, "energy": 63.541253, "activity_lines": [ 517.23505, 506.390868, 501.259027, 491.356715 ] }, { "date": "2025-10-17", "close": 461.571808, "volume": 4653905, "typical_volume": 7773604.45, "trend": 471.580428, "fair_value": 394.32338, "relative_strength": -4.491576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.704371, "energy": 16.683631, "activity_lines": [ 499.116164, 499.642192, 497.398724, 490.90119 ] }, { "date": "2025-10-24", "close": 497.369598, "volume": 5445369, "typical_volume": 7338563.4, "trend": 475.068449, "fair_value": 395.208072, "relative_strength": -0.033364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.99173, "energy": 14.557486, "activity_lines": [ 495.823031, 499.893085, 497.116964, 492.565007 ] }, { "date": "2025-10-31", "close": 479.370697, "volume": 5815724, "typical_volume": 6272854.25, "trend": 478.469746, "fair_value": 395.945357, "relative_strength": -4.101792, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.545514, "energy": 19.151145, "activity_lines": [ 487.070231, 496.584195, 495.373551, 492.842572 ] }, { "date": "2025-11-07", "close": 444.772827, "volume": 7233553, "typical_volume": 6067727.3, "trend": 480.697784, "fair_value": 396.662007, "relative_strength": -10.345177, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.099913, "energy": 37.773657, "activity_lines": [ 470.424585, 487.057507, 490.518607, 490.668577 ] }, { "date": "2025-11-14", "close": 445.172821, "volume": 10291474, "typical_volume": 6112145.0, "trend": 482.652541, "fair_value": 397.335098, "relative_strength": -10.187667, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.875962, "energy": 53.669086, "activity_lines": [ 459.958567, 478.167146, 485.953839, 488.376644 ] }, { "date": "2025-11-21", "close": 425.373993, "volume": 10731086, "typical_volume": 6369549.6, "trend": 483.934007, "fair_value": 397.838994, "relative_strength": -12.498994, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.566001, "energy": 66.838706, "activity_lines": [ 446.532715, 466.273325, 479.802208, 484.681254 ] }, { "date": "2025-11-28", "close": 415.374603, "volume": 7322219, "typical_volume": 6511447.25, "trend": 484.422242, "fair_value": 398.276229, "relative_strength": -15.911711, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.051896, "energy": 81.075477, "activity_lines": [ 432.18692, 454.008618, 473.062707, 480.258066 ] }, { "date": "2025-12-05", "close": 417.974457, "volume": 5588082, "typical_volume": 6468859.5, "trend": 484.143961, "fair_value": 398.7186, "relative_strength": -14.702448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.270178, "energy": 79.164513, "activity_lines": [ 424.174076, 443.854693, 466.919084, 475.971112 ] }, { "date": "2025-12-12", "close": 430.5737, "volume": 4561198, "typical_volume": 6426939.4, "trend": 484.192336, "fair_value": 399.205862, "relative_strength": -11.804065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.947057, "energy": 73.987112, "activity_lines": [ 424.454063, 438.100502, 462.38222, 472.514967 ] }, { "date": "2025-12-19", "close": 441.373016, "volume": 8228663, "typical_volume": 6495731.65, "trend": 483.367578, "fair_value": 399.694447, "relative_strength": -11.67679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.143646, "energy": 51.502331, "activity_lines": [ 429.28043, 436.216978, 459.203365, 469.75243 ] }, { "date": "2025-12-26", "close": 440.373077, "volume": 1215616, "typical_volume": 6300289.45, "trend": 481.476343, "fair_value": 400.230432, "relative_strength": -11.422841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.699926, "energy": 40.375246, "activity_lines": [ 434.026804, 435.213401, 456.16355, 466.978591 ] }, { "date": "2026-01-02", "close": 444.372833, "volume": 1480606, "typical_volume": 5908110.5, "trend": 477.942087, "fair_value": 400.795745, "relative_strength": -11.139786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.358125, "energy": 28.257833, "activity_lines": [ 439.106492, 435.322484, 453.734174, 464.584816 ] }, { "date": "2026-01-09", "close": 500.5, "volume": 9862308, "typical_volume": 6131938.75, "trend": 477.361874, "fair_value": 401.814381, "relative_strength": -1.645988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.018691, "energy": 15.5285, "activity_lines": [ 460.96202, 446.600083, 456.827374, 466.040165 ] }, { "date": "2026-01-16", "close": 515.5, "volume": 6352924, "typical_volume": 6220569.15, "trend": 477.954874, "fair_value": 402.924046, "relative_strength": 0.178833, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 27.155571, "energy": 32.772135, "activity_lines": [ 482.315845, 460.220786, 461.267577, 468.50069 ] }, { "date": "2026-01-23", "close": 522.0, "volume": 9404740, "typical_volume": 6470231.6, "trend": 478.424601, "fair_value": 404.079221, "relative_strength": 2.115651, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.148183, "energy": 50.242001, "activity_lines": [ 500.174583, 473.737359, 466.137641, 471.342311 ] }, { "date": "2026-01-30", "close": 501.5, "volume": 5519862, "typical_volume": 6477838.95, "trend": 478.41096, "fair_value": 405.097861, "relative_strength": -2.888675, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.588052, "energy": 53.474235, "activity_lines": [ 505.824856, 482.129801, 468.845661, 472.831046 ] }, { "date": "2026-02-06", "close": 473.600006, "volume": 6111161, "typical_volume": 6450563.25, "trend": 477.913904, "fair_value": 405.97353, "relative_strength": -9.727437, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.562449, "energy": 51.056895, "activity_lines": [ 498.100002, 484.065408, 468.913059, 472.520662 ] }, { "date": "2026-02-13", "close": 490.799988, "volume": 5470109, "typical_volume": 6470243.3, "trend": 477.493605, "fair_value": 406.904362, "relative_strength": -7.30418, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.001366, "energy": 35.220275, "activity_lines": [ 494.159998, 488.069641, 470.770307, 473.352022 ] }, { "date": "2026-02-20", "close": 516.0, "volume": 4038695, "typical_volume": 6262058.1, "trend": 478.034623, "fair_value": 408.003138, "relative_strength": -4.876989, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.897397, "energy": 29.419127, "activity_lines": [ 499.266665, 495.331593, 475.233116, 475.836306 ] }, { "date": "2026-02-27", "close": 505.0, "volume": 4657388, "typical_volume": 6199234.1, "trend": 478.515622, "fair_value": 409.078808, "relative_strength": -8.827771, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.385711, "energy": 25.928729, "activity_lines": [ 500.673332, 499.04034, 478.741007, 477.576007 ] }, { "date": "2026-03-06", "close": 503.0, "volume": 6061397, "typical_volume": 6269608.7, "trend": 478.996617, "fair_value": 410.198033, "relative_strength": -3.285929, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.128744, "energy": 37.71681, "activity_lines": [ 502.546665, 501.228596, 482.033515, 479.155645 ] }, { "date": "2026-03-13", "close": 510.0, "volume": 8574490, "typical_volume": 6426064.75, "trend": 479.944264, "fair_value": 411.404413, "relative_strength": -1.299821, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.602969, "energy": 41.378578, "activity_lines": [ 506.653333, 503.550908, 485.795412, 481.155863 ] }, { "date": "2026-03-20", "close": 477.200012, "volume": 12353059, "typical_volume": 6752931.5, "trend": 479.738582, "fair_value": 412.374911, "relative_strength": -4.635396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.792114, "energy": 22.861076, "activity_lines": [ 497.400004, 498.716365, 486.373356, 480.978815 ] }, { "date": "2026-03-27", "close": 445.799988, "volume": 7749028, "typical_volume": 6778705.25, "trend": 478.739552, "fair_value": 413.151814, "relative_strength": -11.328021, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -10.231094, "energy": 12.310816, "activity_lines": [ 478.586666, 488.596363, 483.971158, 478.789228 ] }, { "date": "2026-04-03", "close": 481.0, "volume": 8762929, "typical_volume": 6702278.0, "trend": 478.840525, "fair_value": 414.056981, "relative_strength": -8.598807, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.944346, "energy": 12.959918, "activity_lines": [ 476.186666, 486.143636, 484.916451, 478.935063 ] }, { "date": "2026-04-10", "close": 477.100006, "volume": 12415409, "typical_volume": 6786494.15, "trend": 477.911554, "fair_value": 414.862835, "relative_strength": -10.660853, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.710954, "energy": 18.133945, "activity_lines": [ 474.086668, 483.727273, 485.31971, 478.822772 ] }, { "date": "2026-04-17", "close": 484.399994, "volume": 5090776, "typical_volume": 6674922.0, "trend": 477.20925, "fair_value": 415.583512, "relative_strength": -9.819755, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.515846, "energy": 14.614774, "activity_lines": [ 476.146665, 483.081818, 486.171892, 479.241381 ] }, { "date": "2026-04-24", "close": 449.200012, "volume": 5118054, "typical_volume": 6651420.6, "trend": 474.383672, "fair_value": 416.083674, "relative_strength": -13.959654, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.10098, "energy": 26.135346, "activity_lines": [ 468.180003, 475.840002, 483.343002, 477.434333 ] }, { "date": "2026-05-01", "close": 442.799988, "volume": 14460455, "typical_volume": 7146383.45, "trend": 471.294762, "fair_value": 416.574841, "relative_strength": -14.934613, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.695381, "energy": 38.558196, "activity_lines": [ 459.946665, 468.190909, 479.755893, 475.396676 ] }, { "date": "2026-05-08", "close": 421.299988, "volume": 12669351, "typical_volume": 7368417.85, "trend": 468.679114, "fair_value": 416.896156, "relative_strength": -17.757588, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.003768, "energy": 54.267022, "activity_lines": [ 444.746661, 457.963634, 474.062945, 472.171207 ] }, { "date": "2026-05-15", "close": 413.0, "volume": 12497610, "typical_volume": 7932517.55, "trend": 467.060053, "fair_value": 417.110453, "relative_strength": -18.802001, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.695024, "energy": 66.985912, "activity_lines": [ 430.759996, 447.749088, 467.675107, 468.579006 ] }, { "date": "2026-05-22", "close": 477.0, "volume": 10880532, "typical_volume": 8402513.85, "trend": 466.381067, "fair_value": 417.795226, "relative_strength": -8.367861, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.047671, "energy": 41.670929, "activity_lines": [ 442.379997, 450.80727, 467.512856, 469.220293 ] }, { "date": "2026-05-29", "close": 503.5, "volume": 9384607, "typical_volume": 8378628.8, "trend": 467.185377, "fair_value": 418.735716, "relative_strength": -2.434539, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 9.613551, "energy": 10.746061, "activity_lines": [ 463.326664, 459.283634, 469.719046, 471.615063 ] }, { "date": "2026-06-05", "close": 470.6, "volume": 822173, "typical_volume": 8102091.25, "trend": 468.046283, "fair_value": 419.394838, "relative_strength": -7.843655, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.475163, "energy": 8.140177, "activity_lines": [ 469.686666, 461.299998, 468.777618, 471.835361 ] }, { "date": "2026-06-12", "close": 473.6, "volume": 1097324, "typical_volume": 7686720.45, "trend": 468.993855, "fair_value": 420.130848, "relative_strength": -7.694744, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.7652, "energy": 18.206025, "activity_lines": [ 475.193333, 463.410908, 468.335713, 472.193665 ] }, { "date": "2026-06-19", "close": 430.6969, "volume": 7357512, "typical_volume": 7778602.95, "trend": 469.171286, "fair_value": 420.635402, "relative_strength": -14.670803, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.139599, "energy": 14.048841, "activity_lines": [ 462.9123, 457.855799, 464.038275, 469.722894 ] }, { "date": "2026-06-26", "close": 407.4904, "volume": 2773931, "typical_volume": 7611741.45, "trend": 468.908479, "fair_value": 420.980947, "relative_strength": -19.780098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.890147, "energy": 51.641165, "activity_lines": [ 441.715973, 448.925019, 457.867852, 465.743482 ] }, { "date": "2026-07-03", "close": 471.4067, "volume": 1790138, "typical_volume": 7427742.9, "trend": 470.689554, "fair_value": 421.842556, "relative_strength": -8.218045, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.47524, "energy": 37.142364, "activity_lines": [ 446.459053, 453.013741, 458.099503, 465.904657 ] }, { "date": "2026-07-10", "close": 443.6769, "volume": 8427704, "typical_volume": 7647193.35, "trend": 471.126327, "fair_value": 422.495661, "relative_strength": -11.684919, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.725451, "energy": 40.069019, "activity_lines": [ 444.09842, 451.656923, 455.78257, 464.161906 ] }, { "date": "2026-07-17", "close": 446.2335, "volume": 6117687, "typical_volume": 7720208.3, "trend": 471.288343, "fair_value": 423.125434, "relative_strength": -11.546322, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.343768, "energy": 34.512183, "activity_lines": [ 444.38486, 450.748998, 454.053518, 462.555917 ] }, { "date": "2026-07-24", "close": 489.8, "volume": 6752668, "typical_volume": 7754771.85, "trend": 472.935907, "fair_value": 424.204573, "relative_strength": -3.781739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.159814, "energy": 7.241701, "activity_lines": [ 461.0179, 457.308918, 456.753497, 463.750217 ] }, { "date": "2026-07-31", "close": 506.0, "volume": 14147459, "typical_volume": 8033420.3, "trend": 474.990146, "fair_value": 425.369617, "relative_strength": -1.504611, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.93732, "energy": 20.876165, "activity_lines": [ 479.110733, 465.417929, 461.05919, 465.883385 ] }, { "date": "2026-08-07", "close": 553.5, "volume": 12826728, "typical_volume": 8057103.75, "trend": 476.756813, "fair_value": 426.910911, "relative_strength": 7.543961, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.479734, "energy": 50.524681, "activity_lines": [ 506.469593, 481.636031, 469.907741, 470.948536 ] } ], "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." } } }