{ "ticker": { "uuid": "e5de06c2-4e38-4068-aedc-78331864c1bf", "symbol": "IBM", "name": "International Business Machines Corporation", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -45.406, "architecture_energy": 42.786, "architecture_maturity": 21.536, "architecture_confidence": 55.569, "architecture_tenure": "New", "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": 37.27, "rotation_up": 11.49, "upward_expansion": 14.62, "deceleration": 57.37, "rotation_down": 68.99, "downward_expansion": 68.95 }, "activity_lines": [ 197.691334, 211.764001, 215.807073, 215.432193 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 203.300003, "trend_reference": 218.657292, "distance_from_trend": -0.070235, "trend_direction": "Weakening", "fair_value": 193.719555, "distance_from_fair_value": 0.049455, "fair_value_direction": "Weakening", "relative_strength": -17.408266, "relative_strength_direction": "Weakening", "price_momentum": -0.180019, "excess_performance": -0.244658, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.070235, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.050072, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.049455, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.00368, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.174083, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01226, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.180019, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.657428, "read": "Demand-led" } ], "volume": { "latest": 30157, "relative_activity": 1.058973, "balance": 1.657428, "dry_up": 2.59353, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.123032, "annualized_volatility": 0.67092, "from_high_reference": -0.262075, "from_low_reference": 0.159859 }, "levels": { "trend_reference": 218.657292, "fair_value_reference": 193.719555, "structural_low": 175.279999, "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": 7, "median_return": 0.013437, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.013901, "regime_survival": 0.285714, "best_return": 0.113775, "worst_return": -0.009915, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.097543, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.079728, "regime_survival": 0.0, "best_return": 0.250944, "worst_return": -0.134395, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.204629, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.183721, "regime_survival": 0.0, "best_return": 0.347689, "worst_return": -0.050647, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.379771, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.097098, "regime_survival": 0.0, "best_return": 0.599866, "worst_return": 0.159677, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.120776, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-21", "tenure": "Developing", "return": -0.072379, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-28", "end": "2025-04-25", "tenure": "Developing", "return": -0.105193, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": 0.034394, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-06-13", "tenure": "Developing", "return": 0.013437, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-08-15", "tenure": "Developing", "return": -0.163208, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2025-09-26", "tenure": "Developing", "return": 0.173725, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": -0.015347, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-12-26", "tenure": "Developing", "return": 0.094679, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-02-20", "tenure": "Developing", "return": -0.117681, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": 0.050333, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-05-22", "tenure": "Developing", "return": 0.085761, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-29", "end": "2026-07-17", "tenure": "Developing", "return": -0.263758, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.081383, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 117.947701, "volume": 6520, "typical_volume": 23417.1, "trend": 108.510276, "fair_value": 97.815159, "relative_strength": -0.017244, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.783016, "energy": 84.651018, "activity_lines": [ 117.783384, 114.847795, 111.798817, 109.938871 ] }, { "date": "2023-08-25", "close": 121.814095, "volume": 6291, "typical_volume": 23345.3, "trend": 108.969211, "fair_value": 98.105765, "relative_strength": 3.127223, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.523617, "energy": 91.356042, "activity_lines": [ 119.409587, 116.440555, 113.019411, 110.797182 ] }, { "date": "2023-09-01", "close": 124.179405, "volume": 6018, "typical_volume": 22746.2, "trend": 109.442353, "fair_value": 98.417403, "relative_strength": 3.94227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.836146, "energy": 92.677577, "activity_lines": [ 121.20722, 118.308981, 114.389625, 111.778484 ] }, { "date": "2023-09-08", "close": 126.180847, "volume": 6442, "typical_volume": 21894.9, "trend": 109.905052, "fair_value": 98.742341, "relative_strength": 6.415911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.447115, "energy": 93.226717, "activity_lines": [ 123.184766, 120.227127, 115.849004, 112.858387 ] }, { "date": "2023-09-15", "close": 125.180122, "volume": 6347, "typical_volume": 21470.25, "trend": 110.347372, "fair_value": 99.054055, "relative_strength": 4.71339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.736668, "energy": 88.048744, "activity_lines": [ 124.315874, 121.666654, 117.095776, 113.843876 ] }, { "date": "2023-09-22", "close": 125.816948, "volume": 16799, "typical_volume": 14165.4, "trend": 110.914754, "fair_value": 99.384643, "relative_strength": 7.755806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.010263, "energy": 86.091503, "activity_lines": [ 125.234712, 122.929609, 118.290031, 114.841913 ] }, { "date": "2023-09-29", "close": 121.268257, "volume": 5989, "typical_volume": 13584.7, "trend": 111.361191, "fair_value": 99.679264, "relative_strength": 5.268793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.732743, "energy": 64.98213, "activity_lines": [ 124.112703, 123.017495, 118.924763, 115.509881 ] }, { "date": "2023-10-06", "close": 121.905045, "volume": 3444, "typical_volume": 12738.4, "trend": 111.909679, "fair_value": 99.947678, "relative_strength": 7.079136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.814561, "energy": 55.955623, "activity_lines": [ 123.239346, 123.062811, 119.520493, 116.190129 ] }, { "date": "2023-10-13", "close": 120.358505, "volume": 4112, "typical_volume": 11995.75, "trend": 112.505731, "fair_value": 100.21557, "relative_strength": 6.203123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.810835, "energy": 40.260117, "activity_lines": [ 122.0021, 122.735407, 119.892773, 116.735215 ] }, { "date": "2023-10-20", "close": 118.948418, "volume": 13555, "typical_volume": 11780.1, "trend": 113.05006, "fair_value": 100.518142, "relative_strength": 7.955544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.306543, "energy": 29.434304, "activity_lines": [ 120.68298, 122.117612, 120.072017, 117.150872 ] }, { "date": "2023-10-27", "close": 122.67836, "volume": 8953, "typical_volume": 10785.75, "trend": 113.609576, "fair_value": 100.857679, "relative_strength": 12.385184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.881258, "energy": 25.883036, "activity_lines": [ 121.022622, 122.175508, 120.569436, 117.772053 ] }, { "date": "2023-11-03", "close": 125.498528, "volume": 6861, "typical_volume": 10374.6, "trend": 114.261918, "fair_value": 101.211537, "relative_strength": 11.315374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.179575, "energy": 36.421598, "activity_lines": [ 122.511559, 122.660149, 121.288967, 118.539082 ] }, { "date": "2023-11-10", "close": 127.435852, "volume": 10252, "typical_volume": 10229.0, "trend": 115.080607, "fair_value": 101.55837, "relative_strength": 12.721951, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.03152, "energy": 51.873793, "activity_lines": [ 124.364253, 123.430042, 122.135024, 119.389013 ] }, { "date": "2023-11-17", "close": 129.461594, "volume": 8615, "typical_volume": 10135.55, "trend": 116.011068, "fair_value": 101.915703, "relative_strength": 9.739901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.668661, "energy": 69.263549, "activity_lines": [ 126.523473, 124.509043, 123.076217, 120.316819 ] }, { "date": "2023-11-24", "close": 130.152176, "volume": 21620, "typical_volume": 10918.75, "trend": 116.968972, "fair_value": 102.251597, "relative_strength": 9.701767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.514615, "energy": 84.127155, "activity_lines": [ 128.306015, 125.653954, 123.989858, 121.229149 ] }, { "date": "2023-12-01", "close": 135.170425, "volume": 11505, "typical_volume": 10779.3, "trend": 118.164948, "fair_value": 102.623006, "relative_strength": 11.45269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.173682, "energy": 93.322086, "activity_lines": [ 131.01439, 127.620874, 125.281182, 122.403436 ] }, { "date": "2023-12-08", "close": 138.070862, "volume": 17329, "typical_volume": 10460.3, "trend": 119.42258, "fair_value": 103.016355, "relative_strength": 11.474811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.796495, "energy": 95.084432, "activity_lines": [ 133.856772, 129.945082, 126.713045, 123.687688 ] }, { "date": "2023-12-15", "close": 138.162964, "volume": 23484, "typical_volume": 10459.55, "trend": 120.497631, "fair_value": 103.410771, "relative_strength": 11.612868, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.233798, "energy": 91.576998, "activity_lines": [ 135.891699, 131.980534, 128.032194, 124.896745 ] }, { "date": "2023-12-22", "close": 135.446655, "volume": 18921, "typical_volume": 10702.0, "trend": 121.411769, "fair_value": 103.790167, "relative_strength": 9.770405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.664681, "energy": 83.579172, "activity_lines": [ 136.30605, 133.226514, 128.991257, 125.861199 ] }, { "date": "2023-12-29", "close": 136.413437, "volume": 6478, "typical_volume": 10476.75, "trend": 122.25333, "fair_value": 104.180779, "relative_strength": 10.289361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.130827, "energy": 75.947189, "activity_lines": [ 136.643656, 134.373942, 129.961638, 126.829048 ] }, { "date": "2024-01-05", "close": 134.157532, "volume": 9166, "typical_volume": 10609.05, "trend": 122.961305, "fair_value": 104.543305, "relative_strength": 9.497747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.815788, "energy": 58.883365, "activity_lines": [ 135.811878, 134.793659, 130.633354, 127.597061 ] }, { "date": "2024-01-12", "close": 137.472366, "volume": 12777, "typical_volume": 10933.35, "trend": 123.766298, "fair_value": 104.915366, "relative_strength": 11.331709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.342444, "energy": 55.90382, "activity_lines": [ 136.15257, 135.607362, 131.54358, 128.533259 ] }, { "date": "2024-01-19", "close": 143.87178, "volume": 17498, "typical_volume": 11507.35, "trend": 124.998704, "fair_value": 105.373869, "relative_strength": 17.228967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.019723, "energy": 64.995735, "activity_lines": [ 138.666299, 137.366888, 132.98871, 129.830387 ] }, { "date": "2024-01-26", "close": 159.202759, "volume": 59966, "typical_volume": 14183.55, "trend": 126.643328, "fair_value": 105.921754, "relative_strength": 25.87764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.160165, "energy": 75.612987, "activity_lines": [ 145.909768, 141.61503, 135.80016, 132.0371 ] }, { "date": "2024-02-02", "close": 159.156708, "volume": 17479, "typical_volume": 14740.15, "trend": 128.311869, "fair_value": 106.460069, "relative_strength": 25.418199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.592611, "energy": 95.653149, "activity_lines": [ 151.554145, 145.31405, 138.449977, 134.134737 ] }, { "date": "2024-02-09", "close": 160.309113, "volume": 15294, "typical_volume": 14664.9, "trend": 130.099673, "fair_value": 107.003895, "relative_strength": 25.577119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.333698, "energy": 94.211834, "activity_lines": [ 156.06644, 148.695244, 141.047753, 136.199075 ] }, { "date": "2024-02-16", "close": 162.215332, "volume": 15641, "typical_volume": 15147.5, "trend": 131.754884, "fair_value": 107.56451, "relative_strength": 24.936709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.605261, "energy": 92.99152, "activity_lines": [ 159.470702, 151.965955, 143.662826, 138.271053 ] }, { "date": "2024-02-23", "close": 159.472229, "volume": 9483, "typical_volume": 15449.45, "trend": 133.174928, "fair_value": 108.104818, "relative_strength": 20.085874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.264357, "energy": 86.629311, "activity_lines": [ 160.311066, 154.298931, 145.821665, 140.059269 ] }, { "date": "2024-03-01", "close": 160.495102, "volume": 13037, "typical_volume": 15895.7, "trend": 134.575169, "fair_value": 108.639382, "relative_strength": 18.071614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.109366, "energy": 67.535061, "activity_lines": [ 160.452357, 156.430442, 147.899029, 141.821861 ] }, { "date": "2024-03-08", "close": 167.004166, "volume": 14996, "typical_volume": 15967.75, "trend": 136.181576, "fair_value": 109.191846, "relative_strength": 21.537836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.055348, "energy": 71.638307, "activity_lines": [ 162.67718, 159.289993, 150.405177, 143.914054 ] }, { "date": "2024-03-15", "close": 163.656647, "volume": 13509, "typical_volume": 16195.55, "trend": 137.705208, "fair_value": 109.709722, "relative_strength": 17.649693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.352696, "energy": 65.617137, "activity_lines": [ 163.263, 160.984709, 152.363677, 145.68664 ] }, { "date": "2024-03-22", "close": 164.865448, "volume": 8557, "typical_volume": 16280.35, "trend": 139.140253, "fair_value": 110.211523, "relative_strength": 16.133594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.794635, "energy": 65.801314, "activity_lines": [ 164.028584, 162.362859, 154.242167, 147.438913 ] }, { "date": "2024-03-29", "close": 164.121552, "volume": 10206, "typical_volume": 16278.05, "trend": 140.471658, "fair_value": 110.714875, "relative_strength": 13.231832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.871052, "energy": 63.306809, "activity_lines": [ 164.369528, 163.1077, 155.862347, 149.05061 ] }, { "date": "2024-04-05", "close": 162.652374, "volume": 5825, "typical_volume": 16138.55, "trend": 141.687375, "fair_value": 111.204677, "relative_strength": 13.576878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.921185, "energy": 56.860853, "activity_lines": [ 163.910792, 163.21724, 157.167912, 150.481624 ] }, { "date": "2024-04-12", "close": 161.629517, "volume": 14153, "typical_volume": 15765.2, "trend": 142.902355, "fair_value": 111.698377, "relative_strength": 13.707476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.497277, "energy": 46.59559, "activity_lines": [ 162.967285, 163.078085, 158.218011, 151.768214 ] }, { "date": "2024-04-19", "close": 158.616745, "volume": 10715, "typical_volume": 15725.7, "trend": 143.995682, "fair_value": 112.137268, "relative_strength": 12.108843, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.219816, "energy": 36.832105, "activity_lines": [ 161.377831, 162.346193, 158.831286, 152.782045 ] }, { "date": "2024-04-26", "close": 145.579987, "volume": 27459, "typical_volume": 16232.2, "trend": 144.806073, "fair_value": 112.501586, "relative_strength": 0.096919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.794398, "energy": 18.978704, "activity_lines": [ 155.778784, 159.274753, 158.091317, 152.884259 ] }, { "date": "2024-05-03", "close": 143.106537, "volume": 10945, "typical_volume": 15605.25, "trend": 145.512789, "fair_value": 112.829357, "relative_strength": -1.142829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -20.609231, "energy": 34.467948, "activity_lines": [ 150.640952, 156.056055, 157.080023, 152.774611 ] }, { "date": "2024-05-10", "close": 145.425232, "volume": 8964, "typical_volume": 15107.4, "trend": 146.348347, "fair_value": 113.174211, "relative_strength": -3.999147, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.463501, "energy": 38.875634, "activity_lines": [ 147.677018, 153.556495, 156.266017, 152.768962 ] }, { "date": "2024-05-17", "close": 145.237259, "volume": 6724, "typical_volume": 15119.7, "trend": 147.224641, "fair_value": 113.516627, "relative_strength": -4.059971, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.257253, "energy": 54.24224, "activity_lines": [ 145.798904, 151.296757, 155.386591, 152.697279 ] }, { "date": "2024-05-24", "close": 147.493088, "volume": 10394, "typical_volume": 15181.1, "trend": 148.051799, "fair_value": 113.878928, "relative_strength": -2.773732, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.402972, "energy": 59.663274, "activity_lines": [ 145.765549, 149.842931, 154.679988, 152.714598 ] }, { "date": "2024-05-31", "close": 142.473877, "volume": 15764, "typical_volume": 15330.45, "trend": 148.617644, "fair_value": 114.198205, "relative_strength": -5.264423, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.533684, "energy": 55.864659, "activity_lines": [ 144.800701, 147.770404, 153.431863, 152.354732 ] }, { "date": "2024-06-07", "close": 148.01944, "volume": 9442, "typical_volume": 14927.65, "trend": 149.303763, "fair_value": 114.529605, "relative_strength": -2.099333, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.055283, "energy": 32.331422, "activity_lines": [ 145.891448, 147.113281, 152.688069, 152.316139 ] }, { "date": "2024-06-14", "close": 148.188644, "volume": 12031, "typical_volume": 12530.9, "trend": 149.927998, "fair_value": 114.880337, "relative_strength": 0.72564, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.16918, "energy": 28.048292, "activity_lines": [ 146.71107, 146.779688, 151.94064, 152.244195 ] }, { "date": "2024-06-21", "close": 151.591156, "volume": 7564, "typical_volume": 12035.15, "trend": 150.642631, "fair_value": 115.249182, "relative_strength": 1.740853, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.643141, "energy": 16.832077, "activity_lines": [ 148.480635, 147.327711, 151.569707, 152.351496 ] }, { "date": "2024-06-28", "close": 151.421997, "volume": 7037, "typical_volume": 11622.3, "trend": 151.18435, "fair_value": 115.633463, "relative_strength": 0.871714, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.213029, "energy": 12.624754, "activity_lines": [ 149.77022, 148.027493, 151.21869, 152.401778 ] }, { "date": "2024-07-05", "close": 151.685165, "volume": 3726, "typical_volume": 11026.55, "trend": 151.63816, "fair_value": 116.017704, "relative_strength": -0.548573, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.382265, "energy": 12.462392, "activity_lines": [ 150.885601, 148.905937, 150.935057, 152.434088 ] }, { "date": "2024-07-12", "close": 156.30957, "volume": 4970, "typical_volume": 10800.9, "trend": 152.243047, "fair_value": 116.437015, "relative_strength": 0.591013, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.406039, "energy": 20.865226, "activity_lines": [ 152.928364, 150.514179, 151.141986, 152.73547 ] }, { "date": "2024-07-19", "close": 157.907455, "volume": 5808, "typical_volume": 10439.45, "trend": 152.99174, "fair_value": 116.857691, "relative_strength": 4.422185, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.477829, "energy": 29.345288, "activity_lines": [ 154.95108, 152.17289, 151.516156, 153.100915 ] }, { "date": "2024-07-26", "close": 166.648773, "volume": 11938, "typical_volume": 10286.55, "trend": 153.999585, "fair_value": 117.3381, "relative_strength": 8.244661, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 47.204741, "energy": 61.520823, "activity_lines": [ 159.239648, 155.193983, 152.735154, 153.982014 ] }, { "date": "2024-08-02", "close": 160.388855, "volume": 9048, "typical_volume": 10063.5, "trend": 154.873962, "fair_value": 117.763339, "relative_strength": 8.228273, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.447148, "energy": 56.624009, "activity_lines": [ 160.437736, 156.687608, 153.359662, 154.394225 ] }, { "date": "2024-08-09", "close": 166.321777, "volume": 36641, "typical_volume": 11467.7, "trend": 155.835609, "fair_value": 118.221022, "relative_strength": 11.361415, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.644313, "energy": 63.030985, "activity_lines": [ 163.015674, 159.025478, 154.564771, 155.132794 ] }, { "date": "2024-08-16", "close": 167.194839, "volume": 4396, "typical_volume": 11177.2, "trend": 156.613045, "fair_value": 118.696805, "relative_strength": 7.900911, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.258238, "energy": 62.796295, "activity_lines": [ 164.908858, 161.088488, 155.846093, 155.865647 ] }, { "date": "2024-08-23", "close": 166.777283, "volume": 5292, "typical_volume": 11150.55, "trend": 156.865529, "fair_value": 119.174164, "relative_strength": 5.558792, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.216482, "energy": 54.86268, "activity_lines": [ 165.937172, 162.726935, 157.073014, 156.521405 ] }, { "date": "2024-08-30", "close": 170.801056, "volume": 7591, "typical_volume": 10822.45, "trend": 157.253674, "fair_value": 119.681067, "relative_strength": 6.252115, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.236659, "energy": 74.411668, "activity_lines": [ 167.715423, 164.759002, 158.663509, 157.420471 ] }, { "date": "2024-09-06", "close": 171.882904, "volume": 7413, "typical_volume": 10657.35, "trend": 157.639467, "fair_value": 120.199407, "relative_strength": 10.117317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.915855, "energy": 77.13706, "activity_lines": [ 169.57747, 166.638498, 160.313363, 158.364292 ] }, { "date": "2024-09-13", "close": 184.390732, "volume": 10930, "typical_volume": 9830.9, "trend": 158.378647, "fair_value": 120.803428, "relative_strength": 15.104262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.932587, "energy": 91.161554, "activity_lines": [ 174.842523, 170.420128, 163.091267, 160.09018 ] }, { "date": "2024-09-20", "close": 183.498672, "volume": 9203, "typical_volume": 9743.8, "trend": 159.179528, "fair_value": 121.391476, "relative_strength": 13.982496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.031213, "energy": 91.876986, "activity_lines": [ 178.605626, 173.444918, 165.599399, 161.710827 ] }, { "date": "2024-09-27", "close": 189.420425, "volume": 15115, "typical_volume": 10051.35, "trend": 160.143706, "fair_value": 121.995226, "relative_strength": 12.642556, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.401346, "energy": 94.167707, "activity_lines": [ 183.255725, 177.052044, 168.479164, 163.661853 ] }, { "date": "2024-10-04", "close": 193.785828, "volume": 9330, "typical_volume": 10181.65, "trend": 161.036428, "fair_value": 122.619706, "relative_strength": 16.810016, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.528098, "energy": 94.302587, "activity_lines": [ 187.851415, 180.879916, 171.565182, 165.832312 ] }, { "date": "2024-10-11", "close": 200.618622, "volume": 9684, "typical_volume": 10146.15, "trend": 162.268494, "fair_value": 123.284986, "relative_strength": 18.710769, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.743318, "energy": 94.80782, "activity_lines": [ 193.192385, 185.456713, 175.070757, 168.386002 ] }, { "date": "2024-10-18", "close": 203.038605, "volume": 8865, "typical_volume": 9801.2, "trend": 163.540932, "fair_value": 124.037805, "relative_strength": 17.814732, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.369391, "energy": 93.732542, "activity_lines": [ 197.424301, 189.742057, 178.553829, 171.016332 ] }, { "date": "2024-10-25", "close": 191.033752, "volume": 17315, "typical_volume": 10194.85, "trend": 164.438006, "fair_value": 124.719422, "relative_strength": 11.59448, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.858659, "energy": 71.382604, "activity_lines": [ 196.411408, 191.177121, 180.605178, 172.790062 ] }, { "date": "2024-11-01", "close": 183.081116, "volume": 20623, "typical_volume": 10624.45, "trend": 165.118964, "fair_value": 125.33649, "relative_strength": 7.813894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.659534, "energy": 61.677797, "activity_lines": [ 192.245298, 190.732818, 181.694302, 173.992843 ] }, { "date": "2024-11-08", "close": 190.274536, "volume": 14663, "typical_volume": 10979.4, "trend": 166.073798, "fair_value": 125.999276, "relative_strength": 11.905186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.471842, "energy": 49.653778, "activity_lines": [ 190.899615, 191.299975, 183.30236, 175.615784 ] }, { "date": "2024-11-15", "close": 187.351852, "volume": 9700, "typical_volume": 11112.55, "trend": 167.031634, "fair_value": 126.654764, "relative_strength": 9.826404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.051775, "energy": 34.19126, "activity_lines": [ 188.813791, 190.981672, 184.447861, 176.988561 ] }, { "date": "2024-11-22", "close": 203.543472, "volume": 11234, "typical_volume": 11487.95, "trend": 168.963751, "fair_value": 127.417501, "relative_strength": 18.010697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.285562, "energy": 44.15529, "activity_lines": [ 193.009624, 193.326046, 186.964325, 179.344164 ] }, { "date": "2024-11-29", "close": 206.701431, "volume": 8464, "typical_volume": 11662.65, "trend": 171.08358, "fair_value": 128.181864, "relative_strength": 17.407376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.221423, "energy": 58.352891, "activity_lines": [ 198.224452, 195.896363, 189.534604, 181.778853 ] }, { "date": "2024-12-06", "close": 215.122589, "volume": 9906, "typical_volume": 11867.55, "trend": 173.406826, "fair_value": 128.978932, "relative_strength": 17.065113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.762439, "energy": 72.412802, "activity_lines": [ 205.201822, 199.575931, 192.666936, 184.620079 ] }, { "date": "2024-12-13", "close": 211.677551, "volume": 7669, "typical_volume": 11654.1, "trend": 175.621502, "fair_value": 129.733172, "relative_strength": 14.5507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.283751, "energy": 83.244956, "activity_lines": [ 208.894747, 202.161816, 195.198717, 187.089158 ] }, { "date": "2024-12-20", "close": 207.80191, "volume": 7488, "typical_volume": 11576.1, "trend": 177.631796, "fair_value": 130.452727, "relative_strength": 14.829437, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.089423, "energy": 80.095557, "activity_lines": [ 209.868924, 203.717736, 197.146966, 189.165314 ] }, { "date": "2024-12-27", "close": 204.069794, "volume": 1635, "typical_volume": 9825.8, "trend": 179.684993, "fair_value": 131.134529, "relative_strength": 11.71701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.652426, "energy": 61.152385, "activity_lines": [ 208.235725, 204.464484, 198.513999, 190.870991 ] }, { "date": "2025-01-03", "close": 206.749252, "volume": 5091, "typical_volume": 9860.55, "trend": 181.642654, "fair_value": 131.830581, "relative_strength": 13.081144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.791396, "energy": 49.992171, "activity_lines": [ 207.46059, 205.679657, 199.956466, 192.617072 ] }, { "date": "2025-01-10", "close": 204.73967, "volume": 9519, "typical_volume": 10071.9, "trend": 183.527688, "fair_value": 132.516144, "relative_strength": 9.835263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.419176, "energy": 38.41903, "activity_lines": [ 206.012407, 206.243715, 201.01919, 194.107202 ] }, { "date": "2025-01-17", "close": 209.572266, "volume": 11074, "typical_volume": 10246.05, "trend": 185.460392, "fair_value": 133.243325, "relative_strength": 8.42224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.767018, "energy": 37.460055, "activity_lines": [ 206.867284, 207.292635, 202.361388, 195.787497 ] }, { "date": "2025-01-24", "close": 205.792328, "volume": 10071, "typical_volume": 10378.95, "trend": 187.272736, "fair_value": 133.926859, "relative_strength": 3.970379, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.284836, "energy": 34.381115, "activity_lines": [ 206.602534, 207.303426, 203.158967, 197.099235 ] }, { "date": "2025-01-31", "close": 234.883606, "volume": 21942, "typical_volume": 10929.55, "trend": 190.046017, "fair_value": 134.795813, "relative_strength": 16.487843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 84.95622, "energy": 59.166286, "activity_lines": [ 216.168849, 212.268258, 206.56567, 200.170904 ] }, { "date": "2025-02-07", "close": 234.69223, "volume": 14808, "typical_volume": 11209.8, "trend": 192.658773, "fair_value": 135.666848, "relative_strength": 15.787101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.217053, "energy": 83.503191, "activity_lines": [ 223.617117, 216.628475, 209.713705, 203.051305 ] }, { "date": "2025-02-14", "close": 238.276489, "volume": 14012, "typical_volume": 11154.65, "trend": 195.33774, "fair_value": 136.603732, "relative_strength": 13.502612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.054516, "energy": 89.831666, "activity_lines": [ 230.397274, 221.131451, 212.959319, 205.994384 ] }, { "date": "2025-02-21", "close": 243.623993, "volume": 9438, "typical_volume": 11160.05, "trend": 197.903581, "fair_value": 137.573548, "relative_strength": 16.798111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.412069, "energy": 93.624141, "activity_lines": [ 236.724143, 226.185721, 216.481571, 209.109626 ] }, { "date": "2025-02-28", "close": 230.857452, "volume": 11930, "typical_volume": 11272.35, "trend": 200.252534, "fair_value": 138.433753, "relative_strength": 9.116349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.159843, "energy": 85.812468, "activity_lines": [ 236.525384, 228.337957, 218.550638, 211.235682 ] }, { "date": "2025-03-07", "close": 224.401917, "volume": 14470, "typical_volume": 11552.6, "trend": 202.188539, "fair_value": 139.253385, "relative_strength": 3.875569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.986751, "energy": 57.953382, "activity_lines": [ 232.503772, 228.897268, 219.860897, 212.793707 ] }, { "date": "2025-03-14", "close": 219.536179, "volume": 24518, "typical_volume": 11912.75, "trend": 203.93325, "fair_value": 140.03913, "relative_strength": 1.63225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.843109, "energy": 38.545276, "activity_lines": [ 227.559026, 228.202224, 220.606023, 213.912909 ] }, { "date": "2025-03-21", "close": 217.705505, "volume": 12899, "typical_volume": 11526.55, "trend": 205.630858, "fair_value": 140.794265, "relative_strength": 1.109554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.600043, "energy": 23.34994, "activity_lines": [ 223.014459, 226.94184, 221.041072, 214.801442 ] }, { "date": "2025-03-28", "close": 217.079239, "volume": 4680, "typical_volume": 11027.4, "trend": 207.173464, "fair_value": 141.555362, "relative_strength": 2.583894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.235621, "energy": 24.589201, "activity_lines": [ 219.632536, 225.331848, 221.2516, 215.540047 ] }, { "date": "2025-04-04", "close": 205.324402, "volume": 22707, "typical_volume": 11677.75, "trend": 208.288181, "fair_value": 142.234528, "relative_strength": 5.368549, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.142256, "energy": 18.187791, "activity_lines": [ 214.101984, 221.448122, 220.214977, 215.420753 ] }, { "date": "2025-04-11", "close": 196.893677, "volume": 44254, "typical_volume": 13328.75, "trend": 208.704945, "fair_value": 142.857278, "relative_strength": 2.233998, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.248243, "energy": 30.359119, "activity_lines": [ 207.463393, 216.040045, 218.289845, 214.685623 ] }, { "date": "2025-04-18", "close": 203.590073, "volume": 5809, "typical_volume": 13196.0, "trend": 209.374659, "fair_value": 143.4632, "relative_strength": 1.428881, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.470497, "energy": 29.097901, "activity_lines": [ 204.890817, 212.540221, 217.034131, 214.355632 ] }, { "date": "2025-04-25", "close": 194.243988, "volume": 13927, "typical_volume": 13397.05, "trend": 209.535444, "fair_value": 144.019997, "relative_strength": -7.871555, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.108955, "energy": 40.642037, "activity_lines": [ 200.265954, 207.906602, 214.903129, 213.379459 ] }, { "date": "2025-05-02", "close": 207.781326, "volume": 6199, "typical_volume": 13323.55, "trend": 210.001961, "fair_value": 144.653002, "relative_strength": -5.256406, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.325531, "energy": 42.477488, "activity_lines": [ 201.717637, 206.534908, 214.16082, 213.26629 ] }, { "date": "2025-05-09", "close": 214.927734, "volume": 8463, "typical_volume": 13372.3, "trend": 210.478931, "fair_value": 145.331543, "relative_strength": -3.990837, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.045558, "energy": 17.146693, "activity_lines": [ 206.171317, 207.114246, 214.117674, 213.584082 ] }, { "date": "2025-05-16", "close": 231.188065, "volume": 7662, "typical_volume": 13673.65, "trend": 211.417246, "fair_value": 146.151026, "relative_strength": 1.704883, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.914645, "energy": 15.783074, "activity_lines": [ 215.404886, 210.939638, 215.589199, 214.920155 ] }, { "date": "2025-05-23", "close": 221.043579, "volume": 7979, "typical_volume": 13818.05, "trend": 212.417574, "fair_value": 146.857301, "relative_strength": -2.477775, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.020772, "energy": 27.718328, "activity_lines": [ 218.970666, 212.797195, 215.965447, 215.541209 ] }, { "date": "2025-05-30", "close": 221.286255, "volume": 35298, "typical_volume": 15107.0, "trend": 213.691079, "fair_value": 147.557483, "relative_strength": -4.159326, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.459782, "energy": 31.165597, "activity_lines": [ 221.453772, 214.671467, 216.296739, 216.113382 ] }, { "date": "2025-06-06", "close": 228.712646, "volume": 4828, "typical_volume": 14794.7, "trend": 214.972349, "fair_value": 148.319146, "relative_strength": -2.473577, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.568598, "energy": 40.338211, "activity_lines": [ 224.609523, 217.830887, 217.256514, 217.082515 ] }, { "date": "2025-06-13", "close": 234.294556, "volume": 11639, "typical_volume": 14873.1, "trend": 216.537106, "fair_value": 149.119103, "relative_strength": 2.900293, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.46494, "energy": 56.981108, "activity_lines": [ 228.23049, 221.793684, 218.656754, 218.329109 ] }, { "date": "2025-06-20", "close": 239.148376, "volume": 11661, "typical_volume": 14359.05, "trend": 217.723936, "fair_value": 149.922424, "relative_strength": 5.380499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.15645, "energy": 64.374437, "activity_lines": [ 232.178275, 226.112263, 220.383538, 219.787901 ] }, { "date": "2025-06-27", "close": 242.254837, "volume": 8878, "typical_volume": 14062.55, "trend": 218.909049, "fair_value": 150.739431, "relative_strength": 3.353848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.398514, "energy": 69.877067, "activity_lines": [ 236.63086, 230.227386, 222.385867, 221.37054 ] }, { "date": "2025-07-04", "close": 241.332626, "volume": 5500, "typical_volume": 13636.95, "trend": 219.782717, "fair_value": 151.52977, "relative_strength": 3.628742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.95837, "energy": 71.29985, "activity_lines": [ 239.361958, 233.471839, 224.264354, 222.817222 ] }, { "date": "2025-07-11", "close": 237.352463, "volume": 6719, "typical_volume": 13501.0, "trend": 220.638548, "fair_value": 152.296233, "relative_strength": -0.329825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.727569, "energy": 69.460585, "activity_lines": [ 239.429909, 235.136469, 225.749224, 223.950754 ] }, { "date": "2025-07-18", "close": 238.66301, "volume": 5324, "typical_volume": 13170.7, "trend": 221.667251, "fair_value": 153.150959, "relative_strength": -0.142822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.171419, "energy": 61.015201, "activity_lines": [ 239.358722, 236.501723, 227.388773, 225.113623 ] }, { "date": "2025-07-25", "close": 212.937698, "volume": 41215, "typical_volume": 14507.95, "trend": 221.962848, "fair_value": 153.818055, "relative_strength": -10.596769, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.428139, "energy": 14.795463, "activity_lines": [ 230.421201, 232.758097, 226.541123, 224.550426 ] }, { "date": "2025-08-01", "close": 207.404297, "volume": 9567, "typical_volume": 13760.4, "trend": 221.984683, "fair_value": 154.439084, "relative_strength": -9.937579, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -17.379112, "energy": 22.687179, "activity_lines": [ 221.386591, 228.340222, 225.221074, 223.611164 ] }, { "date": "2025-08-08", "close": 205.547226, "volume": 6324, "typical_volume": 13431.65, "trend": 222.011601, "fair_value": 155.038409, "relative_strength": -13.317148, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -23.984123, "energy": 34.44908, "activity_lines": [ 214.056326, 223.832686, 223.781932, 222.550683 ] }, { "date": "2025-08-15", "close": 200.117493, "volume": 18565, "typical_volume": 14125.9, "trend": 221.696442, "fair_value": 155.56132, "relative_strength": -16.138002, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -49.973744, "energy": 54.497702, "activity_lines": [ 207.301844, 218.62409, 221.883569, 221.13816 ] }, { "date": "2025-08-22", "close": 203.297058, "volume": 9712, "typical_volume": 13476.15, "trend": 221.613267, "fair_value": 156.138032, "relative_strength": -14.717335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.60144, "energy": 75.993806, "activity_lines": [ 204.089549, 214.513508, 220.368792, 219.951103 ] }, { "date": "2025-08-29", "close": 203.05249, "volume": 5361, "typical_volume": 11531.5, "trend": 220.552229, "fair_value": 156.721697, "relative_strength": -13.085486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.208415, "energy": 74.566407, "activity_lines": [ 203.153461, 210.92205, 218.840377, 218.753634 ] }, { "date": "2025-09-05", "close": 205.106964, "volume": 6522, "typical_volume": 11567.15, "trend": 219.566054, "fair_value": 157.324618, "relative_strength": -10.947911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.804797, "energy": 71.670283, "activity_lines": [ 203.561211, 208.360421, 217.478298, 217.757165 ] }, { "date": "2025-09-12", "close": 212.884705, "volume": 7408, "typical_volume": 11241.2, "trend": 218.719661, "fair_value": 157.997315, "relative_strength": -7.806198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.271974, "energy": 42.674216, "activity_lines": [ 206.714697, 207.888344, 216.849734, 217.32611 ] }, { "date": "2025-09-19", "close": 220.711349, "volume": 11140, "typical_volume": 11488.25, "trend": 217.955906, "fair_value": 158.708121, "relative_strength": -4.091059, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.702364, "energy": 20.279569, "activity_lines": [ 211.9879, 209.356527, 216.877798, 217.454606 ] }, { "date": "2025-09-26", "close": 238.614777, "volume": 16437, "typical_volume": 11886.95, "trend": 218.214484, "fair_value": 159.551841, "relative_strength": 3.185618, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 30.176652, "energy": 29.29779, "activity_lines": [ 221.855988, 214.382445, 218.54938, 218.787437 ] }, { "date": "2025-10-03", "close": 242.234619, "volume": 9774, "typical_volume": 11992.55, "trend": 218.808907, "fair_value": 160.426843, "relative_strength": 2.043873, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 66.426689, "energy": 51.586336, "activity_lines": [ 230.576175, 220.067393, 220.452913, 220.337123 ] }, { "date": "2025-10-10", "close": 238.516968, "volume": 24093, "typical_volume": 12798.25, "trend": 219.4416, "fair_value": 161.27071, "relative_strength": 1.150094, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.850595, "energy": 57.304447, "activity_lines": [ 235.445003, 224.543733, 221.949781, 221.60861 ] }, { "date": "2025-10-17", "close": 231.570816, "volume": 10005, "typical_volume": 11533.6, "trend": 219.903777, "fair_value": 162.027779, "relative_strength": 0.016816, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.018708, "energy": 60.695038, "activity_lines": [ 235.771114, 227.191451, 222.701904, 222.391141 ] }, { "date": "2025-10-24", "close": 255.784531, "volume": 28227, "typical_volume": 12703.55, "trend": 221.193953, "fair_value": 162.89912, "relative_strength": 8.453002, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.625826, "energy": 79.64288, "activity_lines": [ 242.922723, 233.768507, 225.711122, 224.706028 ] }, { "date": "2025-10-31", "close": 258.964081, "volume": 13641, "typical_volume": 12803.65, "trend": 222.981943, "fair_value": 163.802795, "relative_strength": 10.8068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.868044, "energy": 81.935345, "activity_lines": [ 248.795969, 239.911535, 228.89424, 227.14281 ] }, { "date": "2025-11-07", "close": 256.46933, "volume": 12092, "typical_volume": 12825.2, "trend": 224.967798, "fair_value": 164.676847, "relative_strength": 11.332521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.578946, "energy": 78.156011, "activity_lines": [ 252.481011, 244.588844, 231.722288, 229.303287 ] }, { "date": "2025-11-14", "close": 259.058929, "volume": 17593, "typical_volume": 13260.95, "trend": 226.81676, "fair_value": 165.535697, "relative_strength": 10.773429, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.825264, "energy": 78.551927, "activity_lines": [ 256.080272, 248.765774, 234.714485, 231.502715 ] }, { "date": "2025-11-21", "close": 253.446487, "volume": 9378, "typical_volume": 13454.85, "trend": 228.790176, "fair_value": 166.359017, "relative_strength": 11.959106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.120587, "energy": 60.499914, "activity_lines": [ 256.439256, 250.941315, 237.092143, 233.220762 ] }, { "date": "2025-11-28", "close": 261.126678, "volume": 3735, "typical_volume": 13305.65, "trend": 230.568355, "fair_value": 167.239968, "relative_strength": 11.654312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.22777, "energy": 53.221065, "activity_lines": [ 257.899924, 253.775768, 240.143564, 235.306988 ] }, { "date": "2025-12-05", "close": 261.126678, "volume": 3079, "typical_volume": 13193.4, "trend": 232.10832, "fair_value": 168.127078, "relative_strength": 10.696932, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.509243, "energy": 50.029509, "activity_lines": [ 259.00445, 255.875396, 243.081773, 237.278492 ] }, { "date": "2025-12-12", "close": 255.120377, "volume": 4944, "typical_volume": 11379.85, "trend": 232.906063, "fair_value": 169.024286, "relative_strength": 7.405914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.874456, "energy": 43.191381, "activity_lines": [ 257.962702, 256.473663, 245.340985, 238.763141 ] }, { "date": "2025-12-19", "close": 254.628067, "volume": 4908, "typical_volume": 11146.9, "trend": 234.025546, "fair_value": 169.914642, "relative_strength": 6.741922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.118436, "energy": 39.52969, "activity_lines": [ 256.846781, 256.748132, 247.352439, 240.164561 ] }, { "date": "2025-12-26", "close": 253.495728, "volume": 1974, "typical_volume": 10929.4, "trend": 235.099195, "fair_value": 170.801772, "relative_strength": 5.999505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.837629, "energy": 32.251484, "activity_lines": [ 255.648805, 256.523792, 249.031177, 241.420702 ] }, { "date": "2026-01-02", "close": 244.781662, "volume": 6834, "typical_volume": 10342.85, "trend": 235.634829, "fair_value": 171.612661, "relative_strength": 1.606267, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.067263, "energy": 21.985134, "activity_lines": [ 251.542857, 254.316441, 249.651678, 242.045377 ] }, { "date": "2026-01-09", "close": 257.729675, "volume": 6092, "typical_volume": 10161.85, "trend": 236.416, "fair_value": 172.512374, "relative_strength": 3.906866, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.642769, "energy": 24.602149, "activity_lines": [ 252.842581, 254.663328, 251.292636, 243.470851 ] }, { "date": "2026-01-16", "close": 257.926605, "volume": 5950, "typical_volume": 10191.3, "trend": 237.041941, "fair_value": 173.434737, "relative_strength": 3.805786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.58628, "energy": 25.242792, "activity_lines": [ 254.434416, 255.068463, 252.693146, 244.858632 ] }, { "date": "2026-01-23", "close": 244.535492, "volume": 10819, "typical_volume": 10406.15, "trend": 237.117963, "fair_value": 174.309669, "relative_strength": -0.056309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.313371, "energy": 16.821841, "activity_lines": [ 251.375464, 253.012354, 252.557007, 245.342087 ] }, { "date": "2026-01-30", "close": 252.560318, "volume": 7964, "typical_volume": 10433.95, "trend": 237.492219, "fair_value": 175.223613, "relative_strength": 4.851718, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.461453, "energy": 16.638645, "activity_lines": [ 251.664292, 252.679368, 252.997383, 246.338368 ] }, { "date": "2026-02-06", "close": 247.93251, "volume": 12404, "typical_volume": 10497.15, "trend": 237.844887, "fair_value": 176.093053, "relative_strength": 2.31893, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.589642, "energy": 11.022711, "activity_lines": [ 250.472879, 251.521073, 252.808083, 247.011935 ] }, { "date": "2026-02-13", "close": 217.809708, "volume": 18351, "typical_volume": 10592.85, "trend": 237.149777, "fair_value": 176.771894, "relative_strength": -10.4868, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.552454, "energy": 25.168204, "activity_lines": [ 239.030475, 245.1258, 249.62032, 245.719343 ] }, { "date": "2026-02-20", "close": 215.975632, "volume": 15050, "typical_volume": 10856.65, "trend": 237.251042, "fair_value": 177.458946, "relative_strength": -12.043242, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.794824, "energy": 57.98545, "activity_lines": [ 229.638043, 239.18464, 246.356955, 244.353269 ] }, { "date": "2026-02-27", "close": 200.906403, "volume": 27543, "typical_volume": 11029.15, "trend": 237.034445, "fair_value": 178.0553, "relative_strength": -17.884319, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.869358, "energy": 74.391661, "activity_lines": [ 218.019267, 231.215342, 241.783469, 242.008453 ] }, { "date": "2026-03-06", "close": 218.701965, "volume": 10747, "typical_volume": 11066.25, "trend": 237.472937, "fair_value": 178.781272, "relative_strength": -4.103049, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.035537, "energy": 67.556034, "activity_lines": [ 215.240951, 227.458359, 239.083895, 240.825713 ] }, { "date": "2026-03-13", "close": 214.488525, "volume": 9294, "typical_volume": 10119.6, "trend": 237.951971, "fair_value": 179.499294, "relative_strength": -5.298122, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.580758, "energy": 65.720385, "activity_lines": [ 213.315378, 223.567909, 236.044322, 239.342847 ] }, { "date": "2026-03-20", "close": 211.018646, "volume": 12316, "typical_volume": 10053.35, "trend": 238.209357, "fair_value": 180.194167, "relative_strength": -2.371941, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.175251, "energy": 67.414016, "activity_lines": [ 212.462778, 219.597357, 232.870932, 237.605213 ] }, { "date": "2026-03-27", "close": 204.326721, "volume": 10915, "typical_volume": 9994.5, "trend": 238.251832, "fair_value": 180.825153, "relative_strength": -5.036273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.90977, "energy": 52.750663, "activity_lines": [ 209.832273, 215.259383, 229.288527, 235.419237 ] }, { "date": "2026-04-03", "close": 211.563904, "volume": 5901, "typical_volume": 9409.9, "trend": 238.467063, "fair_value": 181.502305, "relative_strength": -5.199646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.381118, "energy": 47.387676, "activity_lines": [ 210.390757, 213.211803, 226.643676, 233.697435 ] }, { "date": "2026-04-10", "close": 198.080933, "volume": 6588, "typical_volume": 9270.4, "trend": 237.973604, "fair_value": 182.112598, "relative_strength": -13.380092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.279411, "energy": 53.171099, "activity_lines": [ 205.744417, 209.312258, 222.940899, 231.091878 ] }, { "date": "2026-04-17", "close": 212.307449, "volume": 10980, "typical_volume": 9632.65, "trend": 237.693474, "fair_value": 182.822596, "relative_strength": -10.354517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.249535, "energy": 44.762505, "activity_lines": [ 207.214985, 208.989886, 220.856674, 229.435997 ] }, { "date": "2026-04-24", "close": 191.77565, "volume": 27800, "typical_volume": 10868.7, "trend": 236.13217, "fair_value": 183.40183, "relative_strength": -16.969345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.738967, "energy": 49.969026, "activity_lines": [ 201.987025, 205.582188, 217.049512, 226.473557 ] }, { "date": "2026-05-01", "close": 193.778275, "volume": 7545, "typical_volume": 10998.75, "trend": 234.516958, "fair_value": 184.007517, "relative_strength": -16.494979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.736247, "energy": 54.884247, "activity_lines": [ 198.709473, 203.01195, 213.76332, 223.741048 ] }, { "date": "2026-05-08", "close": 194.419998, "volume": 37845, "typical_volume": 12645.6, "trend": 233.047059, "fair_value": 184.610582, "relative_strength": -16.182251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.291649, "energy": 56.515453, "activity_lines": [ 196.349058, 200.961977, 210.830349, 221.154147 ] }, { "date": "2026-05-15", "close": 187.600006, "volume": 14833, "typical_volume": 13288.55, "trend": 231.581365, "fair_value": 185.134226, "relative_strength": -17.496681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.477246, "energy": 76.986138, "activity_lines": [ 192.85824, 197.789941, 207.53456, 218.222079 ] }, { "date": "2026-05-22", "close": 221.850006, "volume": 47227, "typical_volume": 15308.2, "trend": 230.450215, "fair_value": 185.86389, "relative_strength": -6.027228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.372004, "energy": 31.8644, "activity_lines": [ 201.482817, 201.410667, 207.814465, 217.59425 ] }, { "date": "2026-05-29", "close": 250.949997, "volume": 48660, "typical_volume": 17436.6, "trend": 230.183078, "fair_value": 186.759937, "relative_strength": 5.218664, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.915925, "energy": 13.063752, "activity_lines": [ 219.17122, 210.188456, 210.974996, 218.916816 ] }, { "date": "2026-06-05", "close": 248.100006, "volume": 9156, "typical_volume": 17596.9, "trend": 229.904101, "fair_value": 187.626487, "relative_strength": 5.345803, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.120818, "energy": 40.956141, "activity_lines": [ 231.96467, 217.72204, 213.896383, 220.072747 ] }, { "date": "2026-06-12", "close": 237.100006, "volume": 5958, "typical_volume": 17353.85, "trend": 229.172137, "fair_value": 188.419932, "relative_strength": 1.250141, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.876311, "energy": 40.865529, "activity_lines": [ 237.470004, 222.459746, 215.816945, 220.536999 ] }, { "date": "2026-06-19", "close": 216.350006, "volume": 6082, "typical_volume": 17259.75, "trend": 227.935588, "fair_value": 189.121537, "relative_strength": -8.614327, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.905776, "energy": 35.823365, "activity_lines": [ 233.213338, 222.960432, 215.796723, 219.709765 ] }, { "date": "2026-06-26", "close": 238.0, "volume": 11370, "typical_volume": 17208.05, "trend": 227.164698, "fair_value": 189.942921, "relative_strength": 1.902088, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.230033, "energy": 44.082806, "activity_lines": [ 234.25667, 227.065316, 218.010836, 220.359082 ] }, { "date": "2026-07-03", "close": 250.850006, "volume": 1578, "typical_volume": 16369.4, "trend": 226.822143, "fair_value": 190.851572, "relative_strength": 2.873993, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.453931, "energy": 31.622825, "activity_lines": [ 238.506671, 233.039427, 221.496057, 221.887166 ] }, { "date": "2026-07-10", "close": 254.550003, "volume": 21684, "typical_volume": 16701.1, "trend": 226.80313, "fair_value": 191.799489, "relative_strength": 7.27688, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.892895, "energy": 36.943476, "activity_lines": [ 243.99667, 238.612186, 225.176323, 223.67606 ] }, { "date": "2026-07-17", "close": 184.759995, "volume": 137815, "typical_volume": 22214.7, "trend": 224.474194, "fair_value": 192.262316, "relative_strength": -21.012116, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -16.553294, "energy": 11.558441, "activity_lines": [ 225.793334, 230.390911, 222.026234, 220.9636 ] }, { "date": "2026-07-24", "close": 188.0, "volume": 48200, "typical_volume": 24087.35, "trend": 222.291003, "fair_value": 192.718272, "relative_strength": -20.273249, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.501465, "energy": 21.142882, "activity_lines": [ 212.159333, 222.934365, 219.261605, 218.610426 ] }, { "date": "2026-07-31", "close": 190.2, "volume": 79258, "typical_volume": 27585.55, "trend": 220.471615, "fair_value": 193.177965, "relative_strength": -20.776754, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.799077, "energy": 40.991581, "activity_lines": [ 201.148666, 215.870547, 216.8527, 216.540039 ] }, { "date": "2026-08-07", "close": 203.300003, "volume": 30157, "typical_volume": 28477.6, "trend": 218.657292, "fair_value": 193.719555, "relative_strength": -17.408266, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.405652, "energy": 42.786084, "activity_lines": [ 197.691334, 211.764001, 215.807073, 215.432193 ] } ], "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." } } }