{ "ticker": { "uuid": "e6031627-3b9e-46e9-a3f7-cd8d1dd1985d", "symbol": "THULE", "name": "Thule Group AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 93.132, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -24.237, "architecture_energy": 18.101, "architecture_maturity": 17.117, "architecture_confidence": 71.773, "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": 55.79, "rotation_up": 36.79, "upward_expansion": 25.43, "deceleration": 39.33, "rotation_down": 23.03, "downward_expansion": 48.1 }, "activity_lines": [ 217.053336, 214.43273, 217.087451, 217.200922 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 216.800003, "trend_reference": 217.974511, "distance_from_trend": -0.005388, "trend_direction": "Weakening", "fair_value": 261.176326, "distance_from_fair_value": -0.169909, "fair_value_direction": "Weakening", "relative_strength": -15.62244, "relative_strength_direction": "Weakening", "price_momentum": 0.017823, "excess_performance": -0.043672, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005388, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.035678, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.169909, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.055397, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.156224, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.045667, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.017823, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.580941, "read": "Supply-led" } ], "volume": { "latest": 1000692, "relative_activity": 0.848851, "balance": 0.580941, "dry_up": 0.915584, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.055031, "annualized_volatility": 0.347133, "from_high_reference": -0.227978, "from_low_reference": 0.192134 }, "levels": { "trend_reference": 217.974511, "fair_value_reference": 261.176326, "structural_low": 181.858802, "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": 19, "median_return": -0.029332, "positive_rate": 0.315789, "directional_follow_through": 0.315789, "median_excess_return": -0.032259, "regime_survival": 0.578947, "best_return": 0.256657, "worst_return": -0.263855, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.044156, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.095327, "regime_survival": 0.125, "best_return": 0.23291, "worst_return": -0.186126, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.115612, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.032854, "regime_survival": 0.2, "best_return": 0.33102, "worst_return": -0.243208, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.10514, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.048441, "regime_survival": 0.0, "best_return": 0.322721, "worst_return": -0.338864, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": 0.11029, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-07", "tenure": "New", "return": -0.108947, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.118675, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.074943, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-07-04", "tenure": "Developing", "return": 0.128451, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-09-19", "tenure": "Developing", "return": -0.138259, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2025-12-05", "tenure": "Developing", "return": 0.080417, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": -0.05412, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-04-24", "tenure": "Established", "return": 0.007752, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.048077, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.039016, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": -0.048579, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": 0.038936, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 290.922791, "volume": 928578, "typical_volume": 1429503.65, "trend": 247.0524, "fair_value": 285.778721, "relative_strength": 26.363893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.432979, "energy": 66.82663, "activity_lines": [ 296.607684, 291.11146, 278.11619, 264.465377 ] }, { "date": "2023-08-25", "close": 279.91394, "volume": 954774, "typical_volume": 1422910.4, "trend": 248.965282, "fair_value": 286.159035, "relative_strength": 21.043438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.6235, "energy": 46.094674, "activity_lines": [ 290.844582, 289.935106, 279.398644, 266.585476 ] }, { "date": "2023-09-01", "close": 283.342896, "volume": 1360436, "typical_volume": 1412690.25, "trend": 250.438735, "fair_value": 286.600026, "relative_strength": 20.095069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.352176, "energy": 33.864297, "activity_lines": [ 287.337382, 289.354307, 280.733973, 268.803387 ] }, { "date": "2023-09-08", "close": 263.129944, "volume": 1557801, "typical_volume": 1432820.85, "trend": 252.532428, "fair_value": 286.885301, "relative_strength": 11.918698, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.927348, "energy": 20.165052, "activity_lines": [ 278.085134, 284.781778, 279.911346, 269.622175 ] }, { "date": "2023-09-15", "close": 259.791138, "volume": 971850, "typical_volume": 1376278.05, "trend": 254.263133, "fair_value": 287.119889, "relative_strength": 9.293375, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.936536, "energy": 20.038339, "activity_lines": [ 270.150322, 280.020563, 278.675532, 270.090478 ] }, { "date": "2023-09-22", "close": 251.760101, "volume": 918513, "typical_volume": 1355667.35, "trend": 256.128848, "fair_value": 287.291491, "relative_strength": 7.099809, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.069496, "energy": 28.52754, "activity_lines": [ 262.263641, 274.050181, 276.708374, 269.928993 ] }, { "date": "2023-09-29", "close": 258.888794, "volume": 1058753, "typical_volume": 1363717.55, "trend": 257.817631, "fair_value": 287.401067, "relative_strength": 10.380195, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.94899, "energy": 28.977001, "activity_lines": [ 259.364038, 269.776248, 275.435608, 270.107054 ] }, { "date": "2023-10-06", "close": 242.024551, "volume": 1193228, "typical_volume": 1397260.45, "trend": 259.382516, "fair_value": 287.434959, "relative_strength": 2.991235, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.222647, "energy": 57.760744, "activity_lines": [ 252.244697, 263.121888, 272.480667, 269.088145 ] }, { "date": "2023-10-13", "close": 235.967026, "volume": 1011667, "typical_volume": 1396457.35, "trend": 260.783978, "fair_value": 287.394463, "relative_strength": -1.284512, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.610752, "energy": 65.174112, "activity_lines": [ 245.860737, 256.388111, 268.953928, 267.577468 ] }, { "date": "2023-10-20", "close": 222.383545, "volume": 795095, "typical_volume": 1375284.65, "trend": 261.747463, "fair_value": 287.190544, "relative_strength": -2.08344, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.847773, "energy": 78.304754, "activity_lines": [ 236.759811, 248.341311, 264.160603, 265.100021 ] }, { "date": "2023-10-27", "close": 220.272598, "volume": 1431539, "typical_volume": 1366868.55, "trend": 261.547935, "fair_value": 287.083956, "relative_strength": -1.842458, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.322457, "energy": 79.332623, "activity_lines": [ 229.449076, 241.334061, 259.329757, 262.424223 ] }, { "date": "2023-11-03", "close": 236.884827, "volume": 1156355, "typical_volume": 1221694.6, "trend": 262.029474, "fair_value": 286.97927, "relative_strength": 1.487822, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.244306, "energy": 78.041372, "activity_lines": [ 229.774918, 238.631765, 256.264915, 260.833055 ] }, { "date": "2023-11-10", "close": 242.116272, "volume": 1266475, "typical_volume": 1175337.25, "trend": 262.285645, "fair_value": 287.04931, "relative_strength": 4.221086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.115221, "energy": 60.961016, "activity_lines": [ 233.311505, 237.662989, 253.895901, 259.548332 ] }, { "date": "2023-11-17", "close": 260.105225, "volume": 1144825, "typical_volume": 1122383.7, "trend": 262.851259, "fair_value": 287.239893, "relative_strength": 7.451375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.243879, "energy": 31.73766, "activity_lines": [ 242.838296, 240.714506, 253.353507, 259.40766 ] }, { "date": "2023-11-24", "close": 264.602448, "volume": 724000, "typical_volume": 1068952.1, "trend": 262.77702, "fair_value": 287.463489, "relative_strength": 7.528671, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.998385, "energy": 23.267432, "activity_lines": [ 252.254947, 244.638695, 253.363396, 259.52064 ] }, { "date": "2023-12-01", "close": 245.236832, "volume": 1866744, "typical_volume": 1118046.4, "trend": 262.451294, "fair_value": 287.566083, "relative_strength": -1.34617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.315159, "energy": 24.169307, "activity_lines": [ 252.4018, 244.954385, 251.571773, 258.389015 ] }, { "date": "2023-12-08", "close": 247.806671, "volume": 887975, "typical_volume": 1062148.35, "trend": 262.614286, "fair_value": 287.640178, "relative_strength": -3.071743, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.142363, "energy": 23.227932, "activity_lines": [ 251.740983, 245.855923, 250.160807, 257.444201 ] }, { "date": "2023-12-15", "close": 255.883347, "volume": 1305850, "typical_volume": 1102171.75, "trend": 263.040484, "fair_value": 287.668782, "relative_strength": -3.154748, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.580223, "energy": 17.572472, "activity_lines": [ 253.044269, 248.427441, 249.751433, 257.009946 ] }, { "date": "2023-12-22", "close": 247.898468, "volume": 904570, "typical_volume": 1116880.3, "trend": 263.248647, "fair_value": 287.670255, "relative_strength": -5.973778, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.135943, "energy": 12.910444, "activity_lines": [ 250.768124, 249.295184, 248.783255, 256.033042 ] }, { "date": "2023-12-29", "close": 251.936813, "volume": 395789, "typical_volume": 1091740.85, "trend": 263.089103, "fair_value": 287.676698, "relative_strength": -5.454295, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.721837, "energy": 14.502475, "activity_lines": [ 250.651877, 250.680237, 248.44581, 255.303246 ] }, { "date": "2024-01-05", "close": 225.320496, "volume": 517481, "typical_volume": 1071186.0, "trend": 261.97016, "fair_value": 287.502065, "relative_strength": -13.236456, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.338818, "energy": 32.373613, "activity_lines": [ 242.5079, 246.688627, 245.805532, 252.866562 ] }, { "date": "2024-01-12", "close": 239.454651, "volume": 1465255, "typical_volume": 1096710.05, "trend": 260.672651, "fair_value": 287.351101, "relative_strength": -8.537615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.038641, "energy": 35.230561, "activity_lines": [ 240.403064, 245.175083, 244.823757, 251.413949 ] }, { "date": "2024-01-19", "close": 231.653336, "volume": 696745, "typical_volume": 1063525.5, "trend": 259.530187, "fair_value": 287.132348, "relative_strength": -9.330209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.146781, "energy": 52.710048, "activity_lines": [ 236.254591, 242.196395, 243.291662, 249.541735 ] }, { "date": "2024-01-26", "close": 248.357346, "volume": 741750, "typical_volume": 1022722.95, "trend": 258.270757, "fair_value": 287.100158, "relative_strength": -5.809674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.17399, "energy": 40.473381, "activity_lines": [ 239.289455, 242.445034, 243.596566, 248.820906 ] }, { "date": "2024-02-02", "close": 238.53685, "volume": 752257, "typical_volume": 1011743.3, "trend": 257.102073, "fair_value": 286.949585, "relative_strength": -9.394361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.649354, "energy": 29.282184, "activity_lines": [ 239.020229, 241.121727, 243.03653, 247.547751 ] }, { "date": "2024-02-09", "close": 267.264099, "volume": 1209535, "typical_volume": 1026294.4, "trend": 256.884948, "fair_value": 286.899492, "relative_strength": 1.787687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.050082, "energy": 4.746053, "activity_lines": [ 249.220084, 245.495476, 245.313634, 248.203366 ] }, { "date": "2024-02-16", "close": 273.872253, "volume": 938715, "typical_volume": 1020292.5, "trend": 256.1271, "fair_value": 286.902218, "relative_strength": 1.485934, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.09945, "energy": 26.199652, "activity_lines": [ 258.826416, 250.670211, 248.146257, 249.299321 ] }, { "date": "2024-02-23", "close": 270.47641, "volume": 595814, "typical_volume": 990421.8, "trend": 255.201916, "fair_value": 286.790093, "relative_strength": -1.242669, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.475823, "energy": 40.445704, "activity_lines": [ 265.006294, 254.753601, 250.584117, 250.225083 ] }, { "date": "2024-03-01", "close": 259.554504, "volume": 844878, "typical_volume": 982082.35, "trend": 253.867549, "fair_value": 286.637241, "relative_strength": -6.441307, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.83988, "energy": 43.713743, "activity_lines": [ 264.957331, 256.585861, 251.84631, 250.505895 ] }, { "date": "2024-03-08", "close": 257.5354, "volume": 1039375, "typical_volume": 994296.35, "trend": 252.429786, "fair_value": 286.31352, "relative_strength": -8.374329, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.306893, "energy": 42.842495, "activity_lines": [ 263.488857, 257.839084, 252.803886, 250.74253 ] }, { "date": "2024-03-15", "close": 275.340729, "volume": 1013708, "typical_volume": 973404.8, "trend": 251.910384, "fair_value": 286.074652, "relative_strength": -4.073018, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.132104, "energy": 47.986763, "activity_lines": [ 266.688922, 262.227847, 255.289818, 252.220656 ] }, { "date": "2024-03-22", "close": 282.224243, "volume": 880077, "typical_volume": 959590.9, "trend": 251.987394, "fair_value": 285.857946, "relative_strength": -2.013639, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.217375, "energy": 48.365803, "activity_lines": [ 271.64505, 266.958699, 258.169094, 254.176389 ] }, { "date": "2024-03-29", "close": 296.174896, "volume": 638479, "typical_volume": 928191.1, "trend": 252.415127, "fair_value": 285.717072, "relative_strength": 3.209077, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.042559, "energy": 65.759537, "activity_lines": [ 280.694596, 273.448404, 262.161101, 257.027195 ] }, { "date": "2024-04-05", "close": 290.759827, "volume": 597280, "typical_volume": 900813.85, "trend": 253.336123, "fair_value": 285.498604, "relative_strength": 1.622289, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.019307, "energy": 73.000243, "activity_lines": [ 286.225887, 277.780432, 265.379965, 259.501047 ] }, { "date": "2024-04-12", "close": 278.461273, "volume": 763976, "typical_volume": 902812.65, "trend": 253.958461, "fair_value": 285.111356, "relative_strength": -2.873281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.713604, "energy": 67.32243, "activity_lines": [ 285.577305, 279.105405, 267.281565, 261.122024 ] }, { "date": "2024-04-19", "close": 271.485992, "volume": 354779, "typical_volume": 827214.4, "trend": 254.615991, "fair_value": 284.717825, "relative_strength": -5.124368, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.260545, "energy": 46.661473, "activity_lines": [ 281.208571, 278.436246, 268.452857, 262.252833 ] }, { "date": "2024-04-26", "close": 277.910614, "volume": 693885, "typical_volume": 817509.9, "trend": 255.250051, "fair_value": 284.431117, "relative_strength": -4.849793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.640993, "energy": 32.377611, "activity_lines": [ 279.23836, 278.858439, 270.111022, 263.755712 ] }, { "date": "2024-05-03", "close": 286.628815, "volume": 1245486, "typical_volume": 814491.7, "trend": 256.73686, "fair_value": 284.182003, "relative_strength": -1.167894, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.763108, "energy": 27.711326, "activity_lines": [ 280.461792, 280.792335, 272.45614, 265.780148 ] }, { "date": "2024-05-10", "close": 301.734192, "volume": 1349535, "typical_volume": 836739.95, "trend": 258.929099, "fair_value": 284.109345, "relative_strength": 0.460233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.248951, "energy": 45.156177, "activity_lines": [ 287.356755, 285.178983, 276.093458, 268.683202 ] }, { "date": "2024-05-17", "close": 309.380066, "volume": 773704, "typical_volume": 855635.7, "trend": 261.828983, "fair_value": 284.035126, "relative_strength": 3.800894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.593776, "energy": 72.895269, "activity_lines": [ 296.068718, 290.188886, 280.202594, 271.938103 ] }, { "date": "2024-05-24", "close": 300.615265, "volume": 697917, "typical_volume": 864657.5, "trend": 264.507072, "fair_value": 283.868135, "relative_strength": -0.134122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.928274, "energy": 72.971391, "activity_lines": [ 299.797827, 292.662559, 283.203448, 274.440443 ] }, { "date": "2024-05-31", "close": 294.647705, "volume": 857307, "typical_volume": 834260.1, "trend": 266.432501, "fair_value": 283.651054, "relative_strength": -1.369023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.195163, "energy": 70.47933, "activity_lines": [ 299.595799, 293.591684, 285.277417, 276.385 ] }, { "date": "2024-06-07", "close": 298.93689, "volume": 740636, "typical_volume": 836454.65, "trend": 268.326522, "fair_value": 283.503434, "relative_strength": -0.701233, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.9375, "energy": 52.858884, "activity_lines": [ 299.707693, 295.074779, 287.497055, 278.482058 ] }, { "date": "2024-06-14", "close": 280.288269, "volume": 860842, "typical_volume": 842409.25, "trend": 268.99929, "fair_value": 283.257793, "relative_strength": -4.475638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.356396, "energy": 27.825395, "activity_lines": [ 292.782841, 293.116998, 287.620236, 279.253783 ] }, { "date": "2024-06-21", "close": 276.558594, "volume": 732461, "typical_volume": 841419.45, "trend": 269.397828, "fair_value": 283.001156, "relative_strength": -6.01081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.443203, "energy": 17.981991, "activity_lines": [ 286.044493, 290.671487, 287.236157, 279.74148 ] }, { "date": "2024-06-28", "close": 259.215393, "volume": 1698524, "typical_volume": 865868.9, "trend": 269.86378, "fair_value": 282.597836, "relative_strength": -11.41422, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.957968, "energy": 16.941782, "activity_lines": [ 275.713176, 285.10726, 285.01929, 279.084549 ] }, { "date": "2024-07-05", "close": 262.012665, "volume": 444357, "typical_volume": 841151.0, "trend": 270.337313, "fair_value": 282.160795, "relative_strength": -9.711221, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.063818, "energy": 34.57396, "activity_lines": [ 269.074274, 280.27473, 283.107156, 278.578026 ] }, { "date": "2024-07-12", "close": 290.358521, "volume": 891527, "typical_volume": 855936.65, "trend": 271.486486, "fair_value": 281.943122, "relative_strength": -2.572732, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.212234, "energy": 22.34374, "activity_lines": [ 274.05966, 280.885045, 283.951103, 279.869716 ] }, { "date": "2024-07-19", "close": 274.693695, "volume": 1120773, "typical_volume": 869731.4, "trend": 272.37966, "fair_value": 281.252715, "relative_strength": -5.255312, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.395254, "energy": 16.690493, "activity_lines": [ 274.395329, 278.579398, 283.208484, 280.076633 ] }, { "date": "2024-07-26", "close": 275.812622, "volume": 362983, "typical_volume": 835911.8, "trend": 273.17552, "fair_value": 280.683544, "relative_strength": -4.757016, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.441676, "energy": 10.404149, "activity_lines": [ 275.476945, 276.968837, 282.500338, 280.298115 ] }, { "date": "2024-08-02", "close": 270.218048, "volume": 444466, "typical_volume": 807449.7, "trend": 274.672105, "fair_value": 280.016098, "relative_strength": -2.025088, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.655048, "energy": 4.49517, "activity_lines": [ 274.743435, 274.951398, 281.172341, 280.10731 ] }, { "date": "2024-08-09", "close": 264.437012, "volume": 483489, "typical_volume": 787620.3, "trend": 275.504851, "fair_value": 279.250259, "relative_strength": -3.312536, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.440003, "energy": 22.034701, "activity_lines": [ 271.349402, 272.435539, 279.318163, 279.446981 ] }, { "date": "2024-08-16", "close": 270.404541, "volume": 389166, "typical_volume": 775154.65, "trend": 276.796558, "fair_value": 278.41184, "relative_strength": -3.557623, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.4541, "energy": 22.592881, "activity_lines": [ 269.782922, 271.55397, 278.117023, 279.117929 ] }, { "date": "2024-08-23", "close": 276.558594, "volume": 776202, "typical_volume": 784100.75, "trend": 277.736599, "fair_value": 277.626858, "relative_strength": -1.993306, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.270928, "energy": 20.716625, "activity_lines": [ 271.598059, 272.310089, 277.624698, 279.102577 ] }, { "date": "2024-08-30", "close": 288.30722, "volume": 524910, "typical_volume": 772147.45, "trend": 279.395612, "fair_value": 276.960231, "relative_strength": 1.052997, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.203445, "energy": 5.053287, "activity_lines": [ 277.205078, 275.270135, 278.318916, 279.784552 ] }, { "date": "2024-09-06", "close": 270.404541, "volume": 825358, "typical_volume": 795676.4, "trend": 279.500293, "fair_value": 276.111051, "relative_strength": -0.622749, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.9809, "energy": 17.796192, "activity_lines": [ 276.011564, 274.761537, 277.261231, 279.204483 ] }, { "date": "2024-09-13", "close": 272.455933, "volume": 789287, "typical_volume": 800446.5, "trend": 279.453082, "fair_value": 275.249196, "relative_strength": -1.440516, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.151645, "energy": 17.474267, "activity_lines": [ 275.489415, 274.42248, 276.404066, 278.750008 ] }, { "date": "2024-09-20", "close": 270.031555, "volume": 2126042, "typical_volume": 844474.3, "trend": 279.438254, "fair_value": 274.440667, "relative_strength": -4.167336, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.030957, "energy": 15.827223, "activity_lines": [ 273.624544, 273.452749, 275.341982, 278.142168 ] }, { "date": "2024-09-27", "close": 292.409882, "volume": 902636, "typical_volume": 822129.35, "trend": 280.533433, "fair_value": 273.971727, "relative_strength": 1.570475, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -2.11383, "energy": 2.633851, "activity_lines": [ 279.243982, 276.921387, 276.490203, 278.979047 ] }, { "date": "2024-10-04", "close": 288.68869, "volume": 1014523, "typical_volume": 834170.3, "trend": 281.571876, "fair_value": 273.540829, "relative_strength": 1.677513, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.555824, "energy": 14.146581, "activity_lines": [ 282.56627, 279.391331, 277.328426, 279.505193 ] }, { "date": "2024-10-11", "close": 285.468414, "volume": 497553, "typical_volume": 824152.1, "trend": 281.909466, "fair_value": 272.977441, "relative_strength": 1.084113, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.693639, "energy": 22.533405, "activity_lines": [ 284.789701, 281.041661, 277.958486, 279.756582 ] }, { "date": "2024-10-18", "close": 290.393555, "volume": 372989, "typical_volume": 799936.2, "trend": 282.181776, "fair_value": 272.175237, "relative_strength": 2.518381, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.094484, "energy": 36.771764, "activity_lines": [ 287.650588, 283.310191, 279.129735, 280.303943 ] }, { "date": "2024-10-25", "close": 331.310089, "volume": 1499927, "typical_volume": 837900.75, "trend": 283.352949, "fair_value": 271.612515, "relative_strength": 16.636587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.824594, "energy": 76.116046, "activity_lines": [ 302.954478, 292.546154, 284.218055, 283.473511 ] }, { "date": "2024-11-01", "close": 340.023773, "volume": 898468, "typical_volume": 839782.05, "trend": 284.995081, "fair_value": 270.949823, "relative_strength": 20.887475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.259044, "energy": 87.68999, "activity_lines": [ 317.077694, 302.25905, 289.982091, 287.129693 ] }, { "date": "2024-11-08", "close": 336.424622, "volume": 1124854, "typical_volume": 859401.7, "trend": 286.927192, "fair_value": 270.307496, "relative_strength": 19.18206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.859265, "energy": 87.797145, "activity_lines": [ 326.826933, 310.163642, 295.118897, 290.447728 ] }, { "date": "2024-11-15", "close": 328.089783, "volume": 855999, "typical_volume": 817275.45, "trend": 288.813985, "fair_value": 269.500435, "relative_strength": 18.230809, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.880797, "energy": 82.620912, "activity_lines": [ 330.615497, 315.677947, 299.176831, 293.103379 ] }, { "date": "2024-11-22", "close": 332.257202, "volume": 745691, "typical_volume": 832342.15, "trend": 290.625538, "fair_value": 268.81782, "relative_strength": 19.257459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.642656, "energy": 77.310924, "activity_lines": [ 332.951776, 320.901142, 303.30369, 295.906168 ] }, { "date": "2024-11-29", "close": 325.248383, "volume": 883427, "typical_volume": 831937.15, "trend": 291.912857, "fair_value": 268.179863, "relative_strength": 16.341549, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.291355, "energy": 52.752474, "activity_lines": [ 330.160873, 323.76271, 306.428544, 298.139899 ] }, { "date": "2024-12-06", "close": 346.464294, "volume": 887086, "typical_volume": 820252.8, "trend": 293.403861, "fair_value": 267.631754, "relative_strength": 18.64907, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.92602, "energy": 55.400881, "activity_lines": [ 334.846053, 329.477775, 311.407819, 301.659347 ] }, { "date": "2024-12-13", "close": 335.477509, "volume": 1357482, "typical_volume": 869977.75, "trend": 294.273775, "fair_value": 267.018647, "relative_strength": 17.006387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.549417, "energy": 48.016057, "activity_lines": [ 335.439604, 332.212435, 314.998968, 304.373776 ] }, { "date": "2024-12-20", "close": 327.900391, "volume": 814732, "typical_volume": 888491.05, "trend": 295.18328, "fair_value": 266.218517, "relative_strength": 17.570128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.233845, "energy": 42.463085, "activity_lines": [ 333.570589, 332.718731, 317.584369, 306.543235 ] }, { "date": "2024-12-27", "close": 323.73291, "volume": 286033, "typical_volume": 878618.25, "trend": 296.152786, "fair_value": 265.318374, "relative_strength": 14.862491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.916312, "energy": 36.8578, "activity_lines": [ 330.325041, 331.695813, 319.498189, 308.385147 ] }, { "date": "2025-01-03", "close": 327.142609, "volume": 323685, "typical_volume": 875344.2, "trend": 297.092977, "fair_value": 264.548678, "relative_strength": 14.432274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.941196, "energy": 28.499365, "activity_lines": [ 328.784345, 330.68667, 321.454381, 310.38449 ] }, { "date": "2025-01-10", "close": 307.442108, "volume": 850353, "typical_volume": 879051.75, "trend": 297.998105, "fair_value": 263.984981, "relative_strength": 6.652969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.659766, "energy": 18.822644, "activity_lines": [ 320.550533, 326.17139, 321.264154, 311.052176 ] }, { "date": "2025-01-17", "close": 321.270416, "volume": 923845, "typical_volume": 898998.5, "trend": 299.488499, "fair_value": 263.568566, "relative_strength": 7.065741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.86892, "energy": 18.476295, "activity_lines": [ 319.527637, 324.762741, 322.243844, 312.553615 ] }, { "date": "2025-01-24", "close": 336.045746, "volume": 729673, "typical_volume": 894214.25, "trend": 302.049511, "fair_value": 263.358711, "relative_strength": 9.408023, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.178991, "energy": 20.214152, "activity_lines": [ 324.37699, 326.316048, 324.47374, 314.912147 ] }, { "date": "2025-01-31", "close": 333.393799, "volume": 684528, "typical_volume": 888976.3, "trend": 304.428882, "fair_value": 263.144887, "relative_strength": 8.076252, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.269679, "energy": 24.877136, "activity_lines": [ 327.799337, 327.242528, 326.138493, 316.93436 ] }, { "date": "2025-02-07", "close": 341.349792, "volume": 935271, "typical_volume": 829437.75, "trend": 306.128591, "fair_value": 263.114542, "relative_strength": 11.653795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.212359, "energy": 37.376333, "activity_lines": [ 333.229622, 329.594887, 328.270779, 319.316354 ] }, { "date": "2025-02-14", "close": 359.913757, "volume": 812165, "typical_volume": 824914.2, "trend": 308.96926, "fair_value": 263.336762, "relative_strength": 14.02412, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.93216, "energy": 67.668347, "activity_lines": [ 343.900751, 335.02976, 331.831451, 322.786364 ] }, { "date": "2025-02-21", "close": 340.023773, "volume": 726385, "typical_volume": 810507.3, "trend": 311.109631, "fair_value": 263.498808, "relative_strength": 7.191245, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.432399, "energy": 57.572074, "activity_lines": [ 344.443774, 336.603736, 333.176392, 324.789881 ] }, { "date": "2025-02-28", "close": 328.089783, "volume": 871081, "typical_volume": 829183.7, "trend": 313.038689, "fair_value": 263.674483, "relative_strength": 3.157403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.829075, "energy": 42.260436, "activity_lines": [ 339.758577, 335.925237, 333.14031, 325.885375 ] }, { "date": "2025-03-07", "close": 320.702087, "volume": 950380, "typical_volume": 858053.25, "trend": 314.914192, "fair_value": 263.731133, "relative_strength": 0.43656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.365056, "energy": 19.055403, "activity_lines": [ 333.141213, 333.900076, 332.197679, 326.379788 ] }, { "date": "2025-03-14", "close": 314.450958, "volume": 978271, "typical_volume": 831970.45, "trend": 316.382406, "fair_value": 263.547905, "relative_strength": 0.057458, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.992209, "energy": 13.620641, "activity_lines": [ 325.286253, 330.793453, 330.515376, 326.349902 ] }, { "date": "2025-03-21", "close": 304.03241, "volume": 945291, "typical_volume": 834311.6, "trend": 317.298199, "fair_value": 263.623662, "relative_strength": -1.376054, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.076267, "energy": 29.822516, "activity_lines": [ 315.751699, 326.023305, 327.921112, 325.553128 ] }, { "date": "2025-03-28", "close": 277.133575, "volume": 2083255, "typical_volume": 882231.65, "trend": 316.925745, "fair_value": 263.37985, "relative_strength": -6.905074, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -54.495945, "energy": 59.816035, "activity_lines": [ 300.97629, 316.424455, 322.936441, 322.961862 ] }, { "date": "2025-04-04", "close": 250.234772, "volume": 1825992, "typical_volume": 930731.3, "trend": 316.253419, "fair_value": 262.952209, "relative_strength": -6.450967, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -62.314213, "energy": 77.627605, "activity_lines": [ 281.427293, 302.737401, 315.672318, 318.659218 ] }, { "date": "2025-04-11", "close": 231.481354, "volume": 2059413, "typical_volume": 996417.4, "trend": 314.8876, "fair_value": 262.432587, "relative_strength": -12.960458, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.250218, "energy": 94.522398, "activity_lines": [ 260.817491, 287.200835, 306.992893, 313.190053 ] }, { "date": "2025-04-18", "close": 236.027634, "volume": 644504, "typical_volume": 984471.25, "trend": 313.754136, "fair_value": 261.933963, "relative_strength": -14.071452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.819567, "energy": 92.593108, "activity_lines": [ 247.671164, 274.343818, 299.226332, 308.102313 ] }, { "date": "2025-04-25", "close": 247.772186, "volume": 894529, "typical_volume": 984843.4, "trend": 312.266212, "fair_value": 261.602817, "relative_strength": -12.354197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.003228, "energy": 87.852529, "activity_lines": [ 243.66791, 265.537122, 293.003161, 303.845413 ] }, { "date": "2025-05-02", "close": 222.919662, "volume": 2732344, "typical_volume": 1053586.5, "trend": 310.073912, "fair_value": 261.183182, "relative_strength": -21.997013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.621141, "energy": 89.98423, "activity_lines": [ 235.131162, 254.250724, 284.883045, 298.08112 ] }, { "date": "2025-05-09", "close": 230.446823, "volume": 2753610, "typical_volume": 1150530.4, "trend": 308.239859, "fair_value": 260.789113, "relative_strength": -18.63695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.538654, "energy": 79.325192, "activity_lines": [ 232.71773, 246.462066, 278.015792, 292.943888 ] }, { "date": "2025-05-16", "close": 249.747208, "volume": 1466110, "typical_volume": 1209534.25, "trend": 306.88498, "fair_value": 260.678118, "relative_strength": -14.824308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.319191, "energy": 60.457182, "activity_lines": [ 238.056955, 243.957895, 273.450735, 289.170169 ] }, { "date": "2025-05-23", "close": 240.097015, "volume": 1776140, "typical_volume": 1282157.0, "trend": 303.844544, "fair_value": 260.508029, "relative_strength": -15.737094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.129888, "energy": 56.558099, "activity_lines": [ 238.961726, 240.989233, 268.318924, 284.861268 ] }, { "date": "2025-05-30", "close": 243.957092, "volume": 1133930, "typical_volume": 1296335.85, "trend": 300.642322, "fair_value": 260.285774, "relative_strength": -14.72777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.23881, "energy": 45.798753, "activity_lines": [ 240.881897, 240.074293, 263.969243, 280.997561 ] }, { "date": "2025-06-06", "close": 255.537338, "volume": 1134874, "typical_volume": 1306887.3, "trend": 297.946079, "fair_value": 260.290465, "relative_strength": -11.394965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.198212, "energy": 35.914524, "activity_lines": [ 246.916489, 242.35713, 261.024752, 278.087562 ] }, { "date": "2025-06-13", "close": 255.92337, "volume": 1702397, "typical_volume": 1355523.5, "trend": 295.540532, "fair_value": 260.46307, "relative_strength": -8.945666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.519094, "energy": 30.670027, "activity_lines": [ 250.905248, 245.102814, 258.430041, 275.37642 ] }, { "date": "2025-06-20", "close": 254.186295, "volume": 1323539, "typical_volume": 1387474.05, "trend": 292.938168, "fair_value": 260.615687, "relative_strength": -9.048021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.060681, "energy": 24.125047, "activity_lines": [ 252.616545, 247.429237, 256.051429, 272.708404 ] }, { "date": "2025-06-27", "close": 266.345551, "volume": 1109402, "typical_volume": 1396180.6, "trend": 290.974741, "fair_value": 260.887746, "relative_strength": -7.026413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.751862, "energy": 22.468552, "activity_lines": [ 258.084988, 251.553617, 255.208021, 270.992752 ] }, { "date": "2025-07-04", "close": 266.345551, "volume": 1172040, "typical_volume": 1414174.35, "trend": 288.304116, "fair_value": 260.999899, "relative_strength": -7.316638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.919828, "energy": 17.795849, "activity_lines": [ 261.803528, 255.126762, 254.721775, 269.403772 ] }, { "date": "2025-07-11", "close": 263.836487, "volume": 950166, "typical_volume": 1425363.4, "trend": 285.916082, "fair_value": 261.188923, "relative_strength": -9.260497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.856537, "energy": 17.944349, "activity_lines": [ 263.19315, 257.906016, 254.442133, 267.825215 ] }, { "date": "2025-07-18", "close": 271.942657, "volume": 1399081, "typical_volume": 1451763.4, "trend": 284.050824, "fair_value": 261.254512, "relative_strength": -6.531991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.516141, "energy": 14.988257, "activity_lines": [ 266.731552, 261.415176, 255.297305, 266.923704 ] }, { "date": "2025-07-25", "close": 278.311829, "volume": 1006224, "typical_volume": 1454555.6, "trend": 282.536788, "fair_value": 261.416259, "relative_strength": -6.528339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.911256, "energy": 17.518369, "activity_lines": [ 271.325059, 265.327899, 257.026431, 266.553446 ] }, { "date": "2025-08-01", "close": 259.3974, "volume": 489336, "typical_volume": 1430108.85, "trend": 280.278614, "fair_value": 261.528137, "relative_strength": -10.271932, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.943142, "energy": 14.056144, "activity_lines": [ 268.005387, 265.282277, 257.156042, 265.060582 ] }, { "date": "2025-08-08", "close": 262.29245, "volume": 718143, "typical_volume": 1418751.45, "trend": 278.773626, "fair_value": 261.625928, "relative_strength": -11.587983, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.268914, "energy": 11.529551, "activity_lines": [ 266.113943, 265.412112, 257.823531, 263.900185 ] }, { "date": "2025-08-15", "close": 261.71347, "volume": 570012, "typical_volume": 1343089.3, "trend": 276.788394, "fair_value": 261.814069, "relative_strength": -12.930979, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.775103, "energy": 10.792469, "activity_lines": [ 264.299711, 265.103308, 258.634641, 262.799529 ] }, { "date": "2025-08-22", "close": 280.820862, "volume": 1080529, "typical_volume": 1305816.15, "trend": 274.947565, "fair_value": 262.199945, "relative_strength": -8.20776, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.283585, "energy": 8.169042, "activity_lines": [ 268.996145, 268.156282, 261.338932, 263.059689 ] }, { "date": "2025-08-29", "close": 255.537338, "volume": 1265575, "typical_volume": 1266124.25, "trend": 272.352349, "fair_value": 262.420426, "relative_strength": -14.248242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.376489, "energy": 13.701911, "activity_lines": [ 264.672857, 266.15957, 261.489621, 261.807416 ] }, { "date": "2025-09-05", "close": 249.168213, "volume": 828097, "typical_volume": 1275303.9, "trend": 269.27963, "fair_value": 262.59012, "relative_strength": -16.215207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.828742, "energy": 18.14538, "activity_lines": [ 259.744826, 262.98027, 260.919173, 260.311665 ] }, { "date": "2025-09-12", "close": 237.973984, "volume": 1074492, "typical_volume": 1284302.05, "trend": 265.214971, "fair_value": 262.846856, "relative_strength": -20.003863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.379714, "energy": 35.665515, "activity_lines": [ 251.767332, 258.077972, 259.220035, 258.291946 ] }, { "date": "2025-09-19", "close": 227.358765, "volume": 1555627, "typical_volume": 1225466.2, "trend": 261.459471, "fair_value": 263.100283, "relative_strength": -23.647566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.108446, "energy": 62.325317, "activity_lines": [ 241.872663, 251.76148, 256.556581, 255.84961 ] }, { "date": "2025-09-26", "close": 223.884689, "volume": 1516284, "typical_volume": 1163599.9, "trend": 257.985968, "fair_value": 263.298795, "relative_strength": -24.426172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.852914, "energy": 73.876733, "activity_lines": [ 233.110281, 245.47657, 253.541124, 253.425431 ] }, { "date": "2025-10-03", "close": 229.706039, "volume": 1233088, "typical_volume": 1151948.8, "trend": 254.952766, "fair_value": 263.619284, "relative_strength": -24.511785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.456812, "energy": 75.400417, "activity_lines": [ 230.084095, 241.123868, 251.11133, 251.600919 ] }, { "date": "2025-10-10", "close": 225.383072, "volume": 1201593, "typical_volume": 1123221.45, "trend": 251.983836, "fair_value": 263.811269, "relative_strength": -24.995446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.813074, "energy": 75.601396, "activity_lines": [ 227.339006, 236.868913, 248.365259, 249.693197 ] }, { "date": "2025-10-17", "close": 229.706039, "volume": 1053627, "typical_volume": 1119206.3, "trend": 249.506291, "fair_value": 264.077661, "relative_strength": -23.025378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.314424, "energy": 70.214919, "activity_lines": [ 227.620583, 234.018395, 246.100965, 248.25592 ] }, { "date": "2025-10-24", "close": 250.927811, "volume": 2161546, "typical_volume": 1170539.9, "trend": 248.632765, "fair_value": 264.439659, "relative_strength": -17.953919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.973543, "energy": 34.60546, "activity_lines": [ 235.52728, 235.618861, 245.925655, 248.347631 ] }, { "date": "2025-10-31", "close": 240.120422, "volume": 829612, "typical_volume": 1126900.65, "trend": 248.29562, "fair_value": 264.727823, "relative_strength": -20.28001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.179038, "energy": 25.902924, "activity_lines": [ 238.260244, 235.450451, 244.743019, 247.798447 ] }, { "date": "2025-11-07", "close": 238.351944, "volume": 854119, "typical_volume": 1103429.65, "trend": 248.52464, "fair_value": 264.757511, "relative_strength": -19.252336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.932113, "energy": 21.341336, "activity_lines": [ 239.321333, 235.700507, 243.467209, 247.15692 ] }, { "date": "2025-11-14", "close": 244.050385, "volume": 872548, "typical_volume": 1091586.95, "trend": 248.792065, "fair_value": 264.926798, "relative_strength": -17.421375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.052017, "energy": 22.614588, "activity_lines": [ 241.705509, 237.299104, 242.80951, 246.868258 ] }, { "date": "2025-11-21", "close": 235.207977, "volume": 907456, "typical_volume": 1078357.75, "trend": 248.373258, "fair_value": 265.028583, "relative_strength": -18.04813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.848304, "energy": 18.589489, "activity_lines": [ 239.897727, 237.383043, 241.415844, 245.991866 ] }, { "date": "2025-11-28", "close": 246.801346, "volume": 744606, "typical_volume": 1068079.75, "trend": 249.169314, "fair_value": 265.188171, "relative_strength": -16.116315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.365223, "energy": 14.928921, "activity_lines": [ 241.587607, 239.625158, 241.274582, 245.890452 ] }, { "date": "2025-12-05", "close": 241.888901, "volume": 592487, "typical_volume": 1027750.05, "trend": 249.550717, "fair_value": 265.327658, "relative_strength": -18.216252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.640599, "energy": 15.035995, "activity_lines": [ 241.915102, 240.620599, 240.746589, 245.420748 ] }, { "date": "2025-12-12", "close": 243.264404, "volume": 1179420, "typical_volume": 1036409.85, "trend": 249.334623, "fair_value": 265.607503, "relative_strength": -16.900345, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.719928, "energy": 10.283113, "activity_lines": [ 242.5832, 241.538783, 240.492709, 245.015179 ] }, { "date": "2025-12-19", "close": 229.706039, "volume": 1413524, "typical_volume": 1082619.25, "trend": 248.988257, "fair_value": 265.841437, "relative_strength": -21.338399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.267907, "energy": 22.967083, "activity_lines": [ 238.404346, 239.745294, 239.114448, 243.748819 ] }, { "date": "2025-12-26", "close": 230.09903, "volume": 210417, "typical_volume": 1057232.95, "trend": 248.526322, "fair_value": 266.07675, "relative_strength": -20.689366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.594352, "energy": 37.844961, "activity_lines": [ 235.312778, 237.944658, 237.915002, 242.530159 ] }, { "date": "2026-01-02", "close": 228.134048, "volume": 475703, "typical_volume": 1052517.5, "trend": 247.612879, "fair_value": 266.195828, "relative_strength": -21.485309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.951999, "energy": 56.033808, "activity_lines": [ 231.906812, 235.779607, 236.681718, 241.214529 ] }, { "date": "2026-01-09", "close": 233.832489, "volume": 1004989, "typical_volume": 1048740.5, "trend": 246.876516, "fair_value": 266.281963, "relative_strength": -21.403657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.0792, "energy": 54.042256, "activity_lines": [ 231.644814, 235.065069, 236.151044, 240.325471 ] }, { "date": "2026-01-16", "close": 232.064011, "volume": 1681095, "typical_volume": 1069516.5, "trend": 246.139107, "fair_value": 266.390928, "relative_strength": -22.966273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.245602, "energy": 45.0925, "activity_lines": [ 231.330417, 234.143315, 235.675698, 239.369826 ] }, { "date": "2026-01-23", "close": 221.649628, "volume": 1443275, "typical_volume": 1100275.4, "trend": 244.649243, "fair_value": 266.385301, "relative_strength": -25.040816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.818929, "energy": 52.392373, "activity_lines": [ 228.291252, 231.442363, 234.320283, 237.789859 ] }, { "date": "2026-01-30", "close": 209.073761, "volume": 1519107, "typical_volume": 1122506.15, "trend": 242.740183, "fair_value": 266.192573, "relative_strength": -28.818177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.022851, "energy": 68.799937, "activity_lines": [ 221.597225, 226.862177, 231.898208, 235.494667 ] }, { "date": "2026-02-06", "close": 213.003723, "volume": 1455531, "typical_volume": 1117501.35, "trend": 241.045758, "fair_value": 266.273884, "relative_strength": -28.800604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.486571, "energy": 73.345336, "activity_lines": [ 217.61487, 223.471696, 229.988035, 233.576186 ] }, { "date": "2026-02-13", "close": 227.151566, "volume": 2902178, "typical_volume": 1186796.05, "trend": 239.552721, "fair_value": 266.397484, "relative_strength": -23.134899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.411175, "energy": 58.490234, "activity_lines": [ 219.357151, 223.268053, 229.493633, 232.679786 ] }, { "date": "2026-02-20", "close": 227.741058, "volume": 1389888, "typical_volume": 1194636.05, "trend": 237.867029, "fair_value": 266.602307, "relative_strength": -23.580749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.521716, "energy": 39.606163, "activity_lines": [ 221.741325, 223.439542, 229.039816, 231.917743 ] }, { "date": "2026-02-27", "close": 230.295532, "volume": 1661670, "typical_volume": 1217639.9, "trend": 236.896967, "fair_value": 266.743783, "relative_strength": -22.963654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.322924, "energy": 21.873152, "activity_lines": [ 225.265186, 224.357723, 228.83864, 231.42926 ] }, { "date": "2026-03-06", "close": 216.737183, "volume": 1803527, "typical_volume": 1255134.9, "trend": 235.378458, "fair_value": 266.882624, "relative_strength": -22.36071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.811422, "energy": 21.731542, "activity_lines": [ 223.693205, 222.800032, 227.3228, 230.128628 ] }, { "date": "2026-03-13", "close": 207.894775, "volume": 2099825, "typical_volume": 1252048.85, "trend": 233.584501, "fair_value": 266.972185, "relative_strength": -24.272451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.165443, "energy": 35.851804, "activity_lines": [ 218.662859, 219.877573, 225.026582, 228.355488 ] }, { "date": "2026-03-20", "close": 192.960922, "volume": 1517450, "typical_volume": 1286440.75, "trend": 230.655836, "fair_value": 266.968865, "relative_strength": -25.169139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.900763, "energy": 67.283795, "activity_lines": [ 208.995159, 214.607855, 221.513011, 225.734612 ] }, { "date": "2026-03-27", "close": 185.98526, "volume": 2181373, "typical_volume": 1352803.45, "trend": 228.337434, "fair_value": 266.710703, "relative_strength": -27.169493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.810108, "energy": 82.603508, "activity_lines": [ 199.281614, 208.812954, 217.559661, 222.852639 ] }, { "date": "2026-04-03", "close": 207.50177, "volume": 1469700, "typical_volume": 1382661.05, "trend": 226.948552, "fair_value": 266.614954, "relative_strength": -20.859021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.234813, "energy": 71.569618, "activity_lines": [ 199.523959, 207.767941, 215.904868, 221.508403 ] }, { "date": "2026-04-10", "close": 223.221603, "volume": 1412805, "typical_volume": 1407928.5, "trend": 226.456806, "fair_value": 266.543098, "relative_strength": -18.280664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.220227, "energy": 47.390512, "activity_lines": [ 206.525833, 209.838313, 215.921242, 221.267954 ] }, { "date": "2026-04-17", "close": 243.657394, "volume": 1703552, "typical_volume": 1455875.8, "trend": 227.000094, "fair_value": 266.546435, "relative_strength": -12.370707, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.028916, "energy": 8.04611, "activity_lines": [ 219.907342, 215.36705, 217.94096, 222.37767 ] }, { "date": "2026-04-24", "close": 229.902542, "volume": 2063699, "typical_volume": 1529436.4, "trend": 227.200689, "fair_value": 266.309723, "relative_strength": -14.631314, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.026239, "energy": 22.20214, "activity_lines": [ 226.319726, 217.837566, 218.665664, 222.564924 ] }, { "date": "2026-05-01", "close": 224.793594, "volume": 1018694, "typical_volume": 1521400.1, "trend": 227.036941, "fair_value": 266.116037, "relative_strength": -15.100343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.063189, "energy": 24.316183, "activity_lines": [ 228.566353, 219.329164, 218.960879, 222.409628 ] }, { "date": "2026-05-08", "close": 235.600983, "volume": 1819199, "typical_volume": 1541683.85, "trend": 227.377538, "fair_value": 266.06914, "relative_strength": -11.055781, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.714819, "energy": 27.202136, "activity_lines": [ 231.828221, 222.839332, 220.373325, 222.962147 ] }, { "date": "2026-05-15", "close": 235.800003, "volume": 927147, "typical_volume": 1577520.35, "trend": 227.58067, "fair_value": 266.022362, "relative_strength": -9.474213, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.921462, "energy": 34.431945, "activity_lines": [ 233.283147, 226.289223, 221.776655, 223.505531 ] }, { "date": "2026-05-22", "close": 226.600006, "volume": 1717062, "typical_volume": 1639588.3, "trend": 226.769743, "fair_value": 265.925864, "relative_strength": -15.569719, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.836844, "energy": 16.862311, "activity_lines": [ 230.832848, 227.719791, 222.276647, 223.442263 ] }, { "date": "2026-05-29", "close": 218.199997, "volume": 1161858, "typical_volume": 1647431.75, "trend": 226.039062, "fair_value": 265.678921, "relative_strength": -17.96967, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.05547, "energy": 8.182788, "activity_lines": [ 226.719705, 227.282989, 221.983942, 222.889376 ] }, { "date": "2026-06-05", "close": 211.199997, "volume": 568236, "typical_volume": 1591788.8, "trend": 225.133998, "fair_value": 265.373224, "relative_strength": -19.435003, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.00999, "energy": 19.846495, "activity_lines": [ 221.053399, 225.114567, 221.099012, 221.932017 ] }, { "date": "2026-06-12", "close": 213.800003, "volume": 179222, "typical_volume": 1528586.15, "trend": 224.125652, "fair_value": 264.95925, "relative_strength": -17.703368, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.875227, "energy": 26.629917, "activity_lines": [ 217.160001, 222.960424, 220.561054, 221.200791 ] }, { "date": "2026-06-19", "close": 207.600006, "volume": 871218, "typical_volume": 1496191.7, "trend": 223.205386, "fair_value": 264.585357, "relative_strength": -21.023853, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.209225, "energy": 33.835151, "activity_lines": [ 212.653336, 219.564496, 219.469999, 220.134621 ] }, { "date": "2026-06-26", "close": 207.600006, "volume": 174149, "typical_volume": 1432122.6, "trend": 221.898674, "fair_value": 264.081894, "relative_strength": -19.639696, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.911379, "energy": 50.466909, "activity_lines": [ 210.02667, 216.452597, 218.385962, 219.127822 ] }, { "date": "2026-07-03", "close": 210.600006, "volume": 1212238, "typical_volume": 1347625.6, "trend": 220.855711, "fair_value": 263.678065, "relative_strength": -20.053127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.997932, "energy": 51.910159, "activity_lines": [ 209.666672, 214.541741, 217.613371, 218.398876 ] }, { "date": "2026-07-10", "close": 205.399994, "volume": 779974, "typical_volume": 1317129.9, "trend": 219.593564, "fair_value": 263.239746, "relative_strength": -19.583954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.743166, "energy": 53.140904, "activity_lines": [ 208.080002, 212.036383, 216.424358, 217.401733 ] }, { "date": "2026-07-17", "close": 221.600006, "volume": 1101910, "typical_volume": 1289141.9, "trend": 219.323363, "fair_value": 262.758927, "relative_strength": -11.622332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.930613, "energy": 24.899549, "activity_lines": [ 212.280003, 212.829093, 216.884589, 217.53118 ] }, { "date": "2026-07-24", "close": 216.0, "volume": 1323378, "typical_volume": 1265134.45, "trend": 218.853396, "fair_value": 262.231799, "relative_strength": -14.463194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.18232, "energy": 16.913057, "activity_lines": [ 214.093335, 212.858184, 216.852893, 217.31677 ] }, { "date": "2026-07-31", "close": 218.800003, "volume": 891468, "typical_volume": 1204716.6, "trend": 218.542261, "fair_value": 261.713943, "relative_strength": -13.882238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.010296, "energy": 14.170123, "activity_lines": [ 216.280002, 213.756366, 217.091375, 217.313325 ] }, { "date": "2026-08-07", "close": 216.800003, "volume": 1000692, "typical_volume": 1178878.7, "trend": 217.974511, "fair_value": 261.176326, "relative_strength": -15.62244, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.236859, "energy": 18.101109, "activity_lines": [ 217.053336, 214.43273, 217.087451, 217.200922 ] } ], "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." } } }