{ "ticker": { "uuid": "edaa9c60-eebe-4965-93aa-452eb53c58ca", "symbol": "IAU", "name": "ISHARES GOLD TRUST ISHARES NEW (POST REV SPLIT)", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 70.149, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -51.632, "architecture_energy": 42.642, "architecture_maturity": 54.251, "architecture_confidence": 68.402, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 20.45, "rotation_up": 25.67, "upward_expansion": 17.94, "deceleration": 66.32, "rotation_down": 49.8, "downward_expansion": 72.6 }, "activity_lines": [ 78.002, 77.738364, 80.311476, 82.896602 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 81.68, "trend_reference": 86.164, "distance_from_trend": -0.05204, "trend_direction": "Weakening", "fair_value": 59.074808, "distance_from_fair_value": 0.382654, "fair_value_direction": "Weakening", "relative_strength": -10.66445, "relative_strength_direction": "Weakening", "price_momentum": -0.123981, "excess_performance": -0.249606, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.05204, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.008215, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.382654, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.218563, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.106644, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.133995, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.123981, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.654262, "read": "Supply-led" } ], "volume": { "latest": 41302761, "relative_activity": 1.280897, "balance": 0.654262, "dry_up": 0.851297, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.046319, "annualized_volatility": 0.242371, "from_high_reference": -0.217625, "from_low_reference": 0.307298 }, "levels": { "trend_reference": 86.164, "fair_value_reference": 59.074808, "structural_low": 74.44, "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": 9, "median_return": 0.003836, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.006668, "regime_survival": 0.666667, "best_return": 0.076676, "worst_return": -0.042232, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.037234, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.003054, "regime_survival": 0.25, "best_return": 0.162902, "worst_return": -0.040305, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.116031, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.105206, "regime_survival": 0.0, "best_return": 0.120264, "worst_return": 0.113191, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.170998, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.012858, "regime_survival": 0.666667, "best_return": 0.374247, "worst_return": -0.073975, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-08-25", "end": "2023-09-08", "tenure": "New", "return": 0.002482, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-15", "end": "2023-10-20", "tenure": "Developing", "return": 0.02883, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-27", "end": "2023-11-03", "tenure": "New", "return": -0.007366, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-10", "end": "2023-12-01", "tenure": "New", "return": 0.070142, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-01-26", "tenure": "Developing", "return": 0.007388, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-01", "tenure": "Developing", "return": 0.023111, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-06-07", "tenure": "Established", "return": 0.050024, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-07-12", "tenure": "Developing", "return": 0.03471, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-22", "tenure": "Established", "return": 0.127096, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2025-01-24", "tenure": "Developing", "return": 0.040995, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2026-03-27", "tenure": "Extended", "return": 0.606771, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": -0.035592, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-19", "tenure": "New", "return": -0.072055, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.066876, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 35.78, "volume": 22751874, "typical_volume": 20806144.6, "trend": 36.734, "fair_value": 34.982372, "relative_strength": -6.174453, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.837982, "energy": 48.178694, "activity_lines": [ 36.372, 36.560909, 36.825524, 36.889011 ] }, { "date": "2023-08-25", "close": 36.26, "volume": 44838104, "typical_volume": 21460488.3, "trend": 36.724333, "fair_value": 34.974679, "relative_strength": -5.659526, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.626965, "energy": 51.114734, "activity_lines": [ 36.253333, 36.492545, 36.743048, 36.85843 ] }, { "date": "2023-09-01", "close": 36.76, "volume": 24181508, "typical_volume": 21338493.15, "trend": 36.770667, "fair_value": 34.973654, "relative_strength": -6.682123, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.754038, "energy": 45.676398, "activity_lines": [ 36.362, 36.529636, 36.716714, 36.860731 ] }, { "date": "2023-09-08", "close": 36.35, "volume": 16871797, "typical_volume": 21290349.45, "trend": 36.804, "fair_value": 34.968846, "relative_strength": -6.551471, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.138783, "energy": 42.102023, "activity_lines": [ 36.358, 36.484727, 36.657286, 36.833591 ] }, { "date": "2023-09-15", "close": 36.42, "volume": 18547472, "typical_volume": 21430773.75, "trend": 36.853667, "fair_value": 34.96359, "relative_strength": -6.221086, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.142451, "energy": 26.947837, "activity_lines": [ 36.405333, 36.453273, 36.610429, 36.808817 ] }, { "date": "2023-09-22", "close": 36.46, "volume": 20705377, "typical_volume": 20661902.85, "trend": 36.924667, "fair_value": 34.969487, "relative_strength": -3.264178, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.552018, "energy": 18.982359, "activity_lines": [ 36.454, 36.429818, 36.573524, 36.783419 ] }, { "date": "2023-09-29", "close": 34.99, "volume": 53043274, "typical_volume": 22275242.95, "trend": 36.918, "fair_value": 34.961346, "relative_strength": -6.364962, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.090162, "energy": 58.379838, "activity_lines": [ 35.967333, 36.149273, 36.405095, 36.658602 ] }, { "date": "2023-10-06", "close": 34.64, "volume": 39458238, "typical_volume": 23261781.4, "trend": 36.890667, "fair_value": 34.947372, "relative_strength": -7.553027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.348743, "energy": 80.38506, "activity_lines": [ 35.448667, 35.844727, 36.21819, 36.511634 ] }, { "date": "2023-10-13", "close": 36.5, "volume": 28555034, "typical_volume": 23825115.0, "trend": 36.857667, "fair_value": 34.949167, "relative_strength": -2.946934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.985936, "energy": 58.427217, "activity_lines": [ 35.691333, 35.923455, 36.22181, 36.48643 ] }, { "date": "2023-10-20", "close": 37.47, "volume": 39850202, "typical_volume": 24859132.05, "trend": 36.858, "fair_value": 34.956538, "relative_strength": 1.988871, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.748795, "energy": 16.729534, "activity_lines": [ 36.247333, 36.183455, 36.31981, 36.525935 ] }, { "date": "2023-10-27", "close": 38.01, "volume": 34566956, "typical_volume": 25796144.5, "trend": 36.879333, "fair_value": 34.970833, "relative_strength": 5.849097, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.458711, "energy": 27.098798, "activity_lines": [ 36.913333, 36.519273, 36.466714, 36.600258 ] }, { "date": "2023-11-03", "close": 37.73, "volume": 40993933, "typical_volume": 26887368.45, "trend": 36.868667, "fair_value": 34.974103, "relative_strength": -0.74855, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.41274, "energy": 39.595847, "activity_lines": [ 37.382667, 36.763636, 36.58281, 36.65514 ] }, { "date": "2023-11-10", "close": 36.64, "volume": 20175054, "typical_volume": 26935513.1, "trend": 36.823, "fair_value": 34.978205, "relative_strength": -4.860765, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.83669, "energy": 33.392961, "activity_lines": [ 37.306, 36.783091, 36.591905, 36.640387 ] }, { "date": "2023-11-17", "close": 37.5, "volume": 26569868, "typical_volume": 27318334.95, "trend": 36.82, "fair_value": 34.989487, "relative_strength": -4.785715, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.750736, "energy": 44.428088, "activity_lines": [ 37.382667, 36.961091, 36.681524, 36.684065 ] }, { "date": "2023-11-24", "close": 37.87, "volume": 13407377, "typical_volume": 27120095.85, "trend": 36.825333, "fair_value": 35.013782, "relative_strength": -4.780748, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.768007, "energy": 44.879887, "activity_lines": [ 37.516, 37.185455, 36.801095, 36.751806 ] }, { "date": "2023-12-01", "close": 39.21, "volume": 28237745, "typical_volume": 27620684.5, "trend": 36.857667, "fair_value": 35.040513, "relative_strength": -2.232276, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.026947, "energy": 63.587197, "activity_lines": [ 38.069333, 37.627091, 37.041571, 36.905656 ] }, { "date": "2023-12-08", "close": 37.9, "volume": 38523272, "typical_volume": 28607379.15, "trend": 36.850667, "fair_value": 35.05859, "relative_strength": -5.60818, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.07599, "energy": 56.82146, "activity_lines": [ 38.106, 37.780545, 37.146857, 36.972903 ] }, { "date": "2023-12-15", "close": 38.18, "volume": 26270164, "typical_volume": 29130767.2, "trend": 36.875, "fair_value": 35.073462, "relative_strength": -6.959691, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.508433, "energy": 56.423534, "activity_lines": [ 38.224667, 37.932, 37.275333, 37.058667 ] }, { "date": "2023-12-22", "close": 38.86, "volume": 19596996, "typical_volume": 28765651.7, "trend": 36.939667, "fair_value": 35.092821, "relative_strength": -5.992609, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.409033, "energy": 61.427542, "activity_lines": [ 38.467333, 38.142727, 37.463524, 37.186731 ] }, { "date": "2023-12-29", "close": 39.03, "volume": 15928450, "typical_volume": 28653634.75, "trend": 37.009333, "fair_value": 35.110577, "relative_strength": -5.709203, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.655393, "energy": 52.323209, "activity_lines": [ 38.676, 38.341455, 37.657952, 37.321591 ] }, { "date": "2024-01-05", "close": 38.66, "volume": 26982526, "typical_volume": 28865167.35, "trend": 37.06, "fair_value": 35.132372, "relative_strength": -4.916539, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.151573, "energy": 48.334543, "activity_lines": [ 38.684, 38.444545, 37.803857, 37.428086 ] }, { "date": "2024-01-12", "close": 38.75, "volume": 24916196, "typical_volume": 27869071.95, "trend": 37.116333, "fair_value": 35.157692, "relative_strength": -6.2063, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.25534, "energy": 52.067006, "activity_lines": [ 38.758667, 38.552182, 37.944619, 37.537118 ] }, { "date": "2024-01-19", "close": 38.39, "volume": 22314300, "typical_volume": 27775711.55, "trend": 37.184333, "fair_value": 35.176987, "relative_strength": -7.895755, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.228149, "energy": 40.472541, "activity_lines": [ 38.656667, 38.575818, 38.039238, 37.61929 ] }, { "date": "2024-01-26", "close": 38.18, "volume": 22414847, "typical_volume": 28052864.05, "trend": 37.244, "fair_value": 35.196731, "relative_strength": -9.069488, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.290707, "energy": 29.106432, "activity_lines": [ 38.470667, 38.529455, 38.106095, 37.683527 ] }, { "date": "2024-02-02", "close": 38.51, "volume": 29485093, "typical_volume": 28599745.1, "trend": 37.312333, "fair_value": 35.222179, "relative_strength": -9.385234, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.883982, "energy": 25.27573, "activity_lines": [ 38.44, 38.530727, 38.195667, 37.765204 ] }, { "date": "2024-02-09", "close": 38.32, "volume": 30371042, "typical_volume": 29083028.35, "trend": 37.355667, "fair_value": 35.245256, "relative_strength": -10.835202, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.745186, "energy": 19.92259, "activity_lines": [ 38.380667, 38.485818, 38.25719, 37.830215 ] }, { "date": "2024-02-16", "close": 38.07, "volume": 24052669, "typical_volume": 27633498.1, "trend": 37.385667, "fair_value": 35.271603, "relative_strength": -10.900065, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.770929, "energy": 16.956132, "activity_lines": [ 38.260667, 38.411636, 38.286048, 37.876301 ] }, { "date": "2024-02-23", "close": 38.52, "volume": 20508642, "typical_volume": 26686018.3, "trend": 37.432333, "fair_value": 35.307756, "relative_strength": -11.085797, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.935202, "energy": 19.914413, "activity_lines": [ 38.336, 38.416182, 38.343095, 37.949484 ] }, { "date": "2024-03-01", "close": 39.4, "volume": 24748670, "typical_volume": 26495700.1, "trend": 37.52, "fair_value": 35.352885, "relative_strength": -9.705678, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.96981, "energy": 37.508554, "activity_lines": [ 38.696, 38.574545, 38.465476, 38.07643 ] }, { "date": "2024-03-08", "close": 41.18, "volume": 33225515, "typical_volume": 26164465.75, "trend": 37.684667, "fair_value": 35.40609, "relative_strength": -5.14314, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.895528, "energy": 78.769579, "activity_lines": [ 39.568, 39.046727, 38.743571, 38.312559 ] }, { "date": "2024-03-15", "close": 40.8, "volume": 23727945, "typical_volume": 25622515.2, "trend": 37.852, "fair_value": 35.454679, "relative_strength": -5.590801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.89786, "energy": 88.061197, "activity_lines": [ 40.135333, 39.410727, 38.96781, 38.513548 ] }, { "date": "2024-03-22", "close": 40.93, "volume": 27436192, "typical_volume": 24944628.15, "trend": 38.007667, "fair_value": 35.505513, "relative_strength": -6.98847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.0673, "energy": 90.184463, "activity_lines": [ 40.580667, 39.759455, 39.191143, 38.712129 ] }, { "date": "2024-03-29", "close": 42.01, "volume": 20352874, "typical_volume": 24953519.15, "trend": 38.182667, "fair_value": 35.563782, "relative_strength": -4.606485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.136253, "energy": 95.0643, "activity_lines": [ 41.195333, 40.264909, 39.502095, 38.970344 ] }, { "date": "2024-04-05", "close": 43.95, "volume": 64575890, "typical_volume": 26853820.25, "trend": 38.436, "fair_value": 35.632564, "relative_strength": 0.912487, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.150254, "energy": 97.892949, "activity_lines": [ 42.224, 41.057273, 39.972238, 39.34243 ] }, { "date": "2024-04-12", "close": 44.3, "volume": 62872640, "typical_volume": 29327083.4, "trend": 38.698667, "fair_value": 35.699744, "relative_strength": 3.385804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.493137, "energy": 96.238559, "activity_lines": [ 43.066, 41.808364, 40.445, 39.720753 ] }, { "date": "2024-04-19", "close": 45.14, "volume": 59052539, "typical_volume": 30867823.1, "trend": 38.988, "fair_value": 35.772308, "relative_strength": 8.71813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.292755, "energy": 96.090428, "activity_lines": [ 43.98, 42.606909, 40.967143, 40.136323 ] }, { "date": "2024-04-26", "close": 44.26, "volume": 36795626, "typical_volume": 30781440.8, "trend": 39.297, "fair_value": 35.84, "relative_strength": 3.968107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.387124, "energy": 86.605485, "activity_lines": [ 44.311333, 43.121455, 41.377238, 40.476452 ] }, { "date": "2024-05-03", "close": 43.52, "volume": 46739080, "typical_volume": 31804886.6, "trend": 39.593, "fair_value": 35.895256, "relative_strength": 1.832214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.591387, "energy": 67.028855, "activity_lines": [ 44.174, 43.388909, 41.686571, 40.748903 ] }, { "date": "2024-05-10", "close": 44.68, "volume": 30371928, "typical_volume": 32343633.2, "trend": 39.865667, "fair_value": 35.956538, "relative_strength": 2.822504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.498746, "energy": 67.807231, "activity_lines": [ 44.322667, 43.776364, 42.080952, 41.077097 ] }, { "date": "2024-05-17", "close": 45.69, "volume": 30203961, "typical_volume": 33057408.75, "trend": 40.139667, "fair_value": 36.019679, "relative_strength": 3.543519, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.183645, "energy": 68.816958, "activity_lines": [ 44.759333, 44.251455, 42.54381, 41.45286 ] }, { "date": "2024-05-24", "close": 44.12, "volume": 29374083, "typical_volume": 33176986.6, "trend": 40.343333, "fair_value": 36.070064, "relative_strength": 0.12254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.834385, "energy": 56.414675, "activity_lines": [ 44.58, 44.359091, 42.825429, 41.709656 ] }, { "date": "2024-05-31", "close": 43.99, "volume": 19785992, "typical_volume": 32920476.4, "trend": 40.552, "fair_value": 36.121026, "relative_strength": 0.315975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.795423, "energy": 52.86647, "activity_lines": [ 44.425333, 44.382727, 43.068667, 41.944925 ] }, { "date": "2024-06-07", "close": 43.24, "volume": 26238772, "typical_volume": 33116700.0, "trend": 40.772, "fair_value": 36.168974, "relative_strength": -2.46979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.45247, "energy": 41.368589, "activity_lines": [ 44.038667, 44.214364, 43.215524, 42.118344 ] }, { "date": "2024-06-14", "close": 44.08, "volume": 19457028, "typical_volume": 32968809.05, "trend": 40.991333, "fair_value": 36.23641, "relative_strength": -2.090192, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.930324, "energy": 30.958449, "activity_lines": [ 43.950667, 44.176364, 43.419286, 42.331763 ] }, { "date": "2024-06-21", "close": 43.89, "volume": 19171324, "typical_volume": 32453120.6, "trend": 41.192, "fair_value": 36.300577, "relative_strength": -3.03439, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.308518, "energy": 26.469992, "activity_lines": [ 43.839333, 44.101455, 43.576857, 42.518774 ] }, { "date": "2024-06-28", "close": 43.93, "volume": 16853673, "typical_volume": 31777252.15, "trend": 41.349333, "fair_value": 36.363974, "relative_strength": -2.83752, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.623972, "energy": 23.907775, "activity_lines": [ 43.861333, 44.041273, 43.712619, 42.695419 ] }, { "date": "2024-07-05", "close": 45.15, "volume": 16972686, "typical_volume": 31423253.0, "trend": 41.591, "fair_value": 36.432692, "relative_strength": -1.949376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.18732, "energy": 41.355703, "activity_lines": [ 44.302667, 44.224909, 43.937857, 42.940624 ] }, { "date": "2024-07-12", "close": 45.61, "volume": 19535460, "typical_volume": 31374593.9, "trend": 41.838667, "fair_value": 36.504038, "relative_strength": -1.848746, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.610074, "energy": 49.680392, "activity_lines": [ 44.82, 44.476, 44.17319, 43.199914 ] }, { "date": "2024-07-19", "close": 45.32, "volume": 23606862, "typical_volume": 31317503.5, "trend": 42.054, "fair_value": 36.574744, "relative_strength": -0.500092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.710907, "energy": 56.14901, "activity_lines": [ 45.082667, 44.636364, 44.347143, 43.424516 ] }, { "date": "2024-07-26", "close": 45.08, "volume": 17704569, "typical_volume": 30541456.2, "trend": 42.255667, "fair_value": 36.642179, "relative_strength": -0.209553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.334254, "energy": 57.24824, "activity_lines": [ 45.182667, 44.741455, 44.470048, 43.619742 ] }, { "date": "2024-08-02", "close": 46.05, "volume": 32704533, "typical_volume": 30990285.6, "trend": 42.502, "fair_value": 36.7225, "relative_strength": 4.07369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.835563, "energy": 60.104794, "activity_lines": [ 45.526667, 45.034, 44.666762, 43.864538 ] }, { "date": "2024-08-09", "close": 45.89, "volume": 69916431, "typical_volume": 33114297.55, "trend": 42.74, "fair_value": 36.799551, "relative_strength": 3.607323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.395727, "energy": 48.33268, "activity_lines": [ 45.676, 45.262364, 44.823238, 44.083118 ] }, { "date": "2024-08-16", "close": 47.4, "volume": 30655419, "typical_volume": 33629424.8, "trend": 43.040333, "fair_value": 36.885962, "relative_strength": 2.843556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.786195, "energy": 65.30347, "activity_lines": [ 46.279333, 45.730727, 45.099905, 44.383763 ] }, { "date": "2024-08-23", "close": 47.43, "volume": 20614894, "typical_volume": 31431375.0, "trend": 43.348667, "fair_value": 36.968077, "relative_strength": 1.458234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.964641, "energy": 77.448108, "activity_lines": [ 46.773333, 46.128909, 45.353762, 44.666968 ] }, { "date": "2024-08-30", "close": 47.28, "volume": 15122799, "typical_volume": 29043882.95, "trend": 43.641, "fair_value": 37.047949, "relative_strength": 0.829927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.287593, "energy": 75.804303, "activity_lines": [ 47.076667, 46.438909, 45.576762, 44.920602 ] }, { "date": "2024-09-06", "close": 47.15, "volume": 18412333, "typical_volume": 27011872.65, "trend": 43.935333, "fair_value": 37.131987, "relative_strength": 4.782714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.700553, "energy": 75.3725, "activity_lines": [ 47.19, 46.663636, 45.77319, 45.146989 ] }, { "date": "2024-09-13", "close": 48.8, "volume": 17239337, "typical_volume": 26034058.2, "trend": 44.293, "fair_value": 37.23109, "relative_strength": 4.179698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.121126, "energy": 80.878677, "activity_lines": [ 47.78, 47.129818, 46.11719, 45.460839 ] }, { "date": "2024-09-20", "close": 49.52, "volume": 25146976, "typical_volume": 24954453.0, "trend": 44.659667, "fair_value": 37.335385, "relative_strength": 4.204827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.342433, "energy": 82.360146, "activity_lines": [ 48.416, 47.660545, 46.508143, 45.798065 ] }, { "date": "2024-09-27", "close": 50.09, "volume": 25809712, "typical_volume": 24726342.2, "trend": 45.016, "fair_value": 37.441795, "relative_strength": 4.697464, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.43067, "energy": 88.197071, "activity_lines": [ 49.100667, 48.223818, 46.92481, 46.148409 ] }, { "date": "2024-10-04", "close": 50.08, "volume": 36430754, "typical_volume": 25037681.85, "trend": 45.312667, "fair_value": 37.54859, "relative_strength": 4.26503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.472015, "energy": 88.806409, "activity_lines": [ 49.604667, 48.698545, 47.314762, 46.475118 ] }, { "date": "2024-10-11", "close": 50.16, "volume": 21280311, "typical_volume": 24632993.25, "trend": 45.624667, "fair_value": 37.654359, "relative_strength": 3.223191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.747218, "energy": 86.548551, "activity_lines": [ 49.948667, 49.096909, 47.691429, 46.787849 ] }, { "date": "2024-10-18", "close": 51.37, "volume": 18823089, "typical_volume": 24584848.1, "trend": 45.972667, "fair_value": 37.764744, "relative_strength": 4.86245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.649624, "energy": 91.060118, "activity_lines": [ 50.495333, 49.640545, 48.154571, 47.158516 ] }, { "date": "2024-10-25", "close": 51.8, "volume": 22550737, "typical_volume": 24400446.35, "trend": 46.299, "fair_value": 37.879295, "relative_strength": 6.860404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.014421, "energy": 91.156828, "activity_lines": [ 51.014, 50.162727, 48.623524, 47.534473 ] }, { "date": "2024-11-01", "close": 51.62, "volume": 33882962, "typical_volume": 25121743.05, "trend": 46.554667, "fair_value": 37.988654, "relative_strength": 7.920891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.736341, "energy": 87.813278, "activity_lines": [ 51.320667, 50.572182, 49.034571, 47.877763 ] }, { "date": "2024-11-08", "close": 50.7, "volume": 48582029, "typical_volume": 26592278.3, "trend": 46.768, "fair_value": 38.08609, "relative_strength": 1.175635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.389508, "energy": 70.145178, "activity_lines": [ 51.218667, 50.738182, 49.322095, 48.145204 ] }, { "date": "2024-11-15", "close": 48.37, "volume": 37885953, "typical_volume": 27643892.3, "trend": 46.875667, "fair_value": 38.170833, "relative_strength": -1.384729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.568759, "energy": 49.019004, "activity_lines": [ 50.298667, 50.418364, 49.355286, 48.248559 ] }, { "date": "2024-11-22", "close": 51.08, "volume": 21893002, "typical_volume": 27889908.1, "trend": 47.103, "fair_value": 38.280577, "relative_strength": 2.398944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.895583, "energy": 42.958081, "activity_lines": [ 50.401333, 50.569091, 49.625429, 48.519806 ] }, { "date": "2024-11-29", "close": 50.25, "volume": 21649932, "typical_volume": 27995631.7, "trend": 47.327333, "fair_value": 38.385192, "relative_strength": -0.369415, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.961707, "energy": 28.598566, "activity_lines": [ 50.246667, 50.527455, 49.788286, 48.722839 ] }, { "date": "2024-12-06", "close": 49.68, "volume": 22216574, "typical_volume": 27926117.3, "trend": 47.494, "fair_value": 38.486282, "relative_strength": -2.313013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.670256, "energy": 23.995956, "activity_lines": [ 50.005333, 50.368909, 49.874762, 48.874624 ] }, { "date": "2024-12-13", "close": 49.98, "volume": 26317622, "typical_volume": 28356769.95, "trend": 47.637, "fair_value": 38.587692, "relative_strength": -1.151194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.963821, "energy": 25.922521, "activity_lines": [ 49.993333, 50.272364, 49.969048, 49.035011 ] }, { "date": "2024-12-20", "close": 49.5, "volume": 24031140, "typical_volume": 27923100.3, "trend": 47.816333, "fair_value": 38.684423, "relative_strength": -0.283889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.26763, "energy": 17.495448, "activity_lines": [ 49.869333, 50.090364, 49.994286, 49.155204 ] }, { "date": "2024-12-27", "close": 49.37, "volume": 10959574, "typical_volume": 24975257.45, "trend": 47.995667, "fair_value": 38.777756, "relative_strength": -1.186571, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.787262, "energy": 14.424028, "activity_lines": [ 49.626667, 49.896727, 49.990714, 49.255441 ] }, { "date": "2025-01-03", "close": 49.79, "volume": 13254515, "typical_volume": 24105212.25, "trend": 48.214, "fair_value": 38.878013, "relative_strength": 0.159293, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.71972, "energy": 11.757828, "activity_lines": [ 49.638, 49.815818, 50.010571, 49.371204 ] }, { "date": "2025-01-10", "close": 50.78, "volume": 24616161, "typical_volume": 24305275.6, "trend": 48.437333, "fair_value": 38.982115, "relative_strength": 4.044894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.929715, "energy": 20.026808, "activity_lines": [ 50.01, 49.951455, 50.113333, 49.536753 ] }, { "date": "2025-01-17", "close": 50.99, "volume": 23119724, "typical_volume": 24705121.85, "trend": 48.674, "fair_value": 39.085641, "relative_strength": 1.37761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.765991, "energy": 27.508379, "activity_lines": [ 50.378667, 50.140545, 50.220143, 49.701441 ] }, { "date": "2025-01-24", "close": 52.31, "volume": 19446563, "typical_volume": 24756833.35, "trend": 48.953333, "fair_value": 39.202821, "relative_strength": 2.068313, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.4592, "energy": 57.198705, "activity_lines": [ 51.12, 50.564364, 50.435, 49.936022 ] }, { "date": "2025-01-31", "close": 52.87, "volume": 31902943, "typical_volume": 25490013.65, "trend": 49.210667, "fair_value": 39.321282, "relative_strength": 4.002813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.807433, "energy": 72.381678, "activity_lines": [ 51.860667, 51.018364, 50.678619, 50.18871 ] }, { "date": "2025-02-07", "close": 53.97, "volume": 37609374, "typical_volume": 26113133.55, "trend": 49.489333, "fair_value": 39.440256, "relative_strength": 6.052871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.173495, "energy": 82.86219, "activity_lines": [ 52.734667, 51.639818, 51.007619, 50.495763 ] }, { "date": "2025-02-14", "close": 54.46, "volume": 33543597, "typical_volume": 26499827.8, "trend": 49.794, "fair_value": 39.558205, "relative_strength": 5.158711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.066353, "energy": 88.655925, "activity_lines": [ 53.493333, 52.282727, 51.362095, 50.816452 ] }, { "date": "2025-02-21", "close": 55.39, "volume": 19859908, "typical_volume": 25671285.5, "trend": 50.137667, "fair_value": 39.682756, "relative_strength": 8.314235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.706343, "energy": 94.27496, "activity_lines": [ 54.316667, 53.007818, 51.784333, 51.177484 ] }, { "date": "2025-02-28", "close": 53.87, "volume": 54957083, "typical_volume": 27355124.1, "trend": 50.398333, "fair_value": 39.788333, "relative_strength": 6.055563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.407635, "energy": 85.826847, "activity_lines": [ 54.34, 53.358182, 52.036524, 51.41828 ] }, { "date": "2025-03-07", "close": 54.91, "volume": 38799962, "typical_volume": 28353967.75, "trend": 50.699, "fair_value": 39.898782, "relative_strength": 11.184423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.179623, "energy": 83.172067, "activity_lines": [ 54.606, 53.818182, 52.370095, 51.709355 ] }, { "date": "2025-03-14", "close": 56.29, "volume": 46905606, "typical_volume": 29571711.2, "trend": 50.995333, "fair_value": 40.025641, "relative_strength": 16.133242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.446462, "energy": 82.292777, "activity_lines": [ 55.196, 54.428364, 52.818238, 52.070065 ] }, { "date": "2025-03-21", "close": 56.97, "volume": 27143331, "typical_volume": 29234729.65, "trend": 51.313333, "fair_value": 40.152628, "relative_strength": 16.383988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.754952, "energy": 71.245129, "activity_lines": [ 55.858, 55.044, 53.309762, 52.455527 ] }, { "date": "2025-03-28", "close": 58.13, "volume": 20509524, "typical_volume": 27831104.4, "trend": 51.675, "fair_value": 40.291026, "relative_strength": 19.913333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.712826, "energy": 87.218393, "activity_lines": [ 56.739333, 55.758, 53.886286, 52.895312 ] }, { "date": "2025-04-04", "close": 57.26, "volume": 58335514, "typical_volume": 28853582.45, "trend": 52.012, "fair_value": 40.42109, "relative_strength": 29.114049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.250558, "energy": 81.117057, "activity_lines": [ 57.148, 56.184, 54.344571, 53.255634 ] }, { "date": "2025-04-11", "close": 60.96, "volume": 67664646, "typical_volume": 31142164.65, "trend": 52.417333, "fair_value": 40.571667, "relative_strength": 29.332154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.173353, "energy": 87.841831, "activity_lines": [ 58.564, 57.192727, 55.112905, 53.832925 ] }, { "date": "2025-04-18", "close": 62.63, "volume": 37335703, "typical_volume": 31926453.2, "trend": 52.854333, "fair_value": 40.737756, "relative_strength": 33.997799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.375138, "energy": 91.105361, "activity_lines": [ 60.133333, 58.358, 55.993238, 54.491806 ] }, { "date": "2025-04-25", "close": 62.34, "volume": 69100592, "typical_volume": 34270654.1, "trend": 53.262667, "fair_value": 40.906346, "relative_strength": 26.820852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.70371, "energy": 83.460435, "activity_lines": [ 61.183333, 59.313091, 56.787, 55.103785 ] }, { "date": "2025-05-02", "close": 60.97, "volume": 38840704, "typical_volume": 34896808.2, "trend": 53.625667, "fair_value": 41.068077, "relative_strength": 19.953571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.848602, "energy": 73.883662, "activity_lines": [ 61.418667, 59.875818, 57.39, 55.601032 ] }, { "date": "2025-05-09", "close": 62.77, "volume": 37919644, "typical_volume": 35591233.4, "trend": 54.046, "fair_value": 41.25, "relative_strength": 23.38017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.523554, "energy": 69.05739, "activity_lines": [ 62.064667, 60.664364, 58.112095, 56.190989 ] }, { "date": "2025-05-16", "close": 60.2, "volume": 45916681, "typical_volume": 37339088.75, "trend": 54.340333, "fair_value": 41.411282, "relative_strength": 12.049574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.957672, "energy": 59.050224, "activity_lines": [ 61.486667, 60.823818, 58.526238, 56.588022 ] }, { "date": "2025-05-23", "close": 63.38, "volume": 54314719, "typical_volume": 39392098.95, "trend": 54.726333, "fair_value": 41.591731, "relative_strength": 20.400859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.584342, "energy": 59.55035, "activity_lines": [ 62.019333, 61.465273, 59.191667, 57.171226 ] }, { "date": "2025-05-30", "close": 62.16, "volume": 32441688, "typical_volume": 39783375.3, "trend": 55.077667, "fair_value": 41.764872, "relative_strength": 15.510687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.851485, "energy": 53.644687, "activity_lines": [ 62.095333, 61.756, 59.67619, 57.650817 ] }, { "date": "2025-06-06", "close": 62.47, "volume": 43509062, "typical_volume": 40802842.2, "trend": 55.47, "fair_value": 41.937372, "relative_strength": 13.664574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.405763, "energy": 49.860142, "activity_lines": [ 62.286667, 62.008727, 60.136048, 58.127742 ] }, { "date": "2025-06-13", "close": 64.74, "volume": 40098285, "typical_volume": 41835428.3, "trend": 56.015667, "fair_value": 42.128718, "relative_strength": 17.571329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.49631, "energy": 59.511615, "activity_lines": [ 63.134667, 62.595273, 60.757429, 58.725806 ] }, { "date": "2025-06-20", "close": 63.45, "volume": 31568197, "typical_volume": 41818691.0, "trend": 56.428, "fair_value": 42.313269, "relative_strength": 14.813443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.124865, "energy": 52.197858, "activity_lines": [ 63.421333, 62.811273, 61.196762, 59.205441 ] }, { "date": "2025-06-27", "close": 61.65, "volume": 35425923, "typical_volume": 41709518.45, "trend": 56.808, "fair_value": 42.48859, "relative_strength": 7.401985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.115658, "energy": 45.003575, "activity_lines": [ 62.891333, 62.654727, 61.414286, 59.542344 ] }, { "date": "2025-07-04", "close": 62.87, "volume": 27988502, "typical_volume": 41431763.7, "trend": 57.247667, "fair_value": 42.679487, "relative_strength": 7.299998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.509659, "energy": 41.856986, "activity_lines": [ 62.883333, 62.737818, 61.711429, 59.933441 ] }, { "date": "2025-07-11", "close": 63.3, "volume": 26346683, "typical_volume": 41756102.45, "trend": 57.691667, "fair_value": 42.877564, "relative_strength": 7.910054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.262284, "energy": 39.387461, "activity_lines": [ 62.971333, 62.889455, 62.009476, 60.323914 ] }, { "date": "2025-07-18", "close": 63.13, "volume": 37776486, "typical_volume": 40897072.6, "trend": 58.146, "fair_value": 43.072308, "relative_strength": 6.57044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.070444, "energy": 32.389118, "activity_lines": [ 62.947333, 62.967818, 62.253667, 60.674774 ] }, { "date": "2025-07-25", "close": 62.91, "volume": 30648350, "typical_volume": 40489492.0, "trend": 58.597333, "fair_value": 43.261154, "relative_strength": 4.295232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.447885, "energy": 33.151107, "activity_lines": [ 62.957333, 62.999636, 62.43281, 60.982129 ] }, { "date": "2025-08-01", "close": 63.29, "volume": 29974657, "typical_volume": 39642944.55, "trend": 59.047333, "fair_value": 43.450962, "relative_strength": 7.209205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.921543, "energy": 36.538626, "activity_lines": [ 63.13, 63.051273, 62.610048, 61.284882 ] }, { "date": "2025-08-08", "close": 64.06, "volume": 28521479, "typical_volume": 39711851.95, "trend": 59.49, "fair_value": 43.642308, "relative_strength": 5.594768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.219236, "energy": 41.577228, "activity_lines": [ 63.45, 63.244545, 62.827286, 61.60828 ] }, { "date": "2025-08-15", "close": 62.94, "volume": 26923667, "typical_volume": 40032559.1, "trend": 59.888333, "fair_value": 43.833269, "relative_strength": 2.506426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.020058, "energy": 36.055748, "activity_lines": [ 63.317333, 63.199636, 62.904095, 61.83086 ] }, { "date": "2025-08-22", "close": 63.58, "volume": 34051326, "typical_volume": 38818349.7, "trend": 60.264, "fair_value": 44.029423, "relative_strength": 2.976778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.657685, "energy": 37.759706, "activity_lines": [ 63.422, 63.262545, 63.018952, 62.069032 ] }, { "date": "2025-08-29", "close": 65.1, "volume": 24326359, "typical_volume": 36651435.35, "trend": 60.671667, "fair_value": 44.23859, "relative_strength": 5.142939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.981892, "energy": 52.696683, "activity_lines": [ 64.003333, 63.622909, 63.248476, 62.381032 ] }, { "date": "2025-09-05", "close": 67.76, "volume": 29861892, "typical_volume": 36277744.8, "trend": 61.131333, "fair_value": 44.464103, "relative_strength": 8.712693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.83471, "energy": 77.737733, "activity_lines": [ 65.325333, 64.436909, 63.711619, 62.838344 ] }, { "date": "2025-09-12", "close": 68.68, "volume": 36281631, "typical_volume": 34636796.75, "trend": 61.605333, "fair_value": 44.700833, "relative_strength": 8.126541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.844259, "energy": 92.281825, "activity_lines": [ 66.656, 65.307091, 64.237952, 63.325355 ] }, { "date": "2025-09-19", "close": 69.44, "volume": 64333107, "typical_volume": 35911416.9, "trend": 62.073667, "fair_value": 44.94609, "relative_strength": 7.638103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.050392, "energy": 94.643099, "activity_lines": [ 67.932, 66.209818, 64.806476, 63.830817 ] }, { "date": "2025-09-26", "close": 70.99, "volume": 41865297, "typical_volume": 36108699.55, "trend": 62.644333, "fair_value": 45.199038, "relative_strength": 9.949757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.855215, "energy": 96.49208, "activity_lines": [ 69.291333, 67.282727, 65.482286, 64.406065 ] }, { "date": "2025-10-03", "close": 73.22, "volume": 45820152, "typical_volume": 36103873.1, "trend": 63.254667, "fair_value": 45.462051, "relative_strength": 11.690013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.410494, "energy": 97.825067, "activity_lines": [ 70.9, 68.618182, 66.331333, 65.088366 ] }, { "date": "2025-10-10", "close": 75.58, "volume": 66004297, "typical_volume": 36688352.0, "trend": 63.897667, "fair_value": 45.746731, "relative_strength": 17.499071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.757893, "energy": 98.342342, "activity_lines": [ 72.754, 70.195273, 67.343143, 65.883548 ] }, { "date": "2025-10-17", "close": 79.63, "volume": 90342877, "typical_volume": 39583411.45, "trend": 64.653, "fair_value": 46.055705, "relative_strength": 20.946739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.647805, "energy": 98.992848, "activity_lines": [ 75.436667, 72.285273, 68.682571, 66.898538 ] }, { "date": "2025-10-24", "close": 77.31, "volume": 102674379, "typical_volume": 42541677.3, "trend": 65.292333, "fair_value": 46.351154, "relative_strength": 14.667884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.547799, "energy": 87.325192, "activity_lines": [ 76.616, 73.670364, 69.717857, 67.715118 ] }, { "date": "2025-10-31", "close": 75.39, "volume": 66196052, "typical_volume": 43846565.65, "trend": 65.896667, "fair_value": 46.629872, "relative_strength": 10.624602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.319539, "energy": 68.322973, "activity_lines": [ 76.630667, 74.445091, 70.499619, 68.366581 ] }, { "date": "2025-11-07", "close": 75.43, "volume": 35956189, "typical_volume": 44065965.25, "trend": 66.379, "fair_value": 46.898269, "relative_strength": 11.938812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.495543, "energy": 66.793085, "activity_lines": [ 76.365333, 75.012364, 71.234476, 68.981634 ] }, { "date": "2025-11-14", "close": 76.98, "volume": 54862681, "typical_volume": 45037803.15, "trend": 66.857333, "fair_value": 47.178974, "relative_strength": 13.402911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.998422, "energy": 64.263997, "activity_lines": [ 76.469333, 75.673636, 72.059905, 69.66557 ] }, { "date": "2025-11-21", "close": 76.61, "volume": 48698939, "typical_volume": 46073325.0, "trend": 67.333, "fair_value": 47.456731, "relative_strength": 14.425856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.886126, "energy": 57.272744, "activity_lines": [ 76.356667, 76.1, 72.777095, 70.294774 ] }, { "date": "2025-11-28", "close": 79.41, "volume": 35461096, "typical_volume": 46529045.65, "trend": 67.947667, "fair_value": 47.747051, "relative_strength": 13.695808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.205839, "energy": 63.543243, "activity_lines": [ 77.378667, 76.891273, 73.695524, 71.073935 ] }, { "date": "2025-12-05", "close": 79.14, "volume": 34559274, "typical_volume": 46368185.05, "trend": 68.493333, "fair_value": 48.03609, "relative_strength": 12.238758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.950339, "energy": 63.60575, "activity_lines": [ 78.170667, 77.452182, 74.511524, 71.796022 ] }, { "date": "2025-12-12", "close": 80.99, "volume": 47076822, "typical_volume": 47189608.65, "trend": 69.186333, "fair_value": 48.337308, "relative_strength": 14.771781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.069546, "energy": 66.68885, "activity_lines": [ 79.329333, 78.201273, 75.427476, 72.602258 ] }, { "date": "2025-12-19", "close": 81.71, "volume": 37712398, "typical_volume": 47576495.7, "trend": 69.797333, "fair_value": 48.642436, "relative_strength": 14.900154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.913884, "energy": 75.787926, "activity_lines": [ 80.357333, 78.94, 76.325905, 73.410237 ] }, { "date": "2025-12-26", "close": 85.34, "volume": 29175400, "typical_volume": 47609191.75, "trend": 70.57, "fair_value": 48.967756, "relative_strength": 17.457099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.385355, "energy": 85.129657, "activity_lines": [ 82.28, 80.227273, 77.482333, 74.412989 ] }, { "date": "2026-01-02", "close": 81.56, "volume": 43500404, "typical_volume": 48438028.6, "trend": 71.206333, "fair_value": 49.263462, "relative_strength": 12.721545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.269224, "energy": 63.264306, "activity_lines": [ 82.360667, 80.723455, 78.177429, 75.122022 ] }, { "date": "2026-01-09", "close": 84.89, "volume": 43057589, "typical_volume": 48888341.75, "trend": 71.878, "fair_value": 49.573974, "relative_strength": 14.776802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.422435, "energy": 67.257315, "activity_lines": [ 83.408, 81.747818, 79.101, 76.004839 ] }, { "date": "2026-01-16", "close": 86.27, "volume": 64927482, "typical_volume": 50918397.9, "trend": 72.638667, "fair_value": 49.892692, "relative_strength": 16.243469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.406378, "energy": 76.701065, "activity_lines": [ 84.532, 82.850364, 80.054524, 76.933355 ] }, { "date": "2026-01-23", "close": 93.79, "volume": 73755984, "typical_volume": 53113102.5, "trend": 73.71, "fair_value": 50.259615, "relative_strength": 25.717004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.860074, "energy": 92.971722, "activity_lines": [ 87.810667, 85.123091, 81.623429, 78.297957 ] }, { "date": "2026-01-30", "close": 91.2, "volume": 234500867, "typical_volume": 63024064.3, "trend": 74.654333, "fair_value": 50.6175, "relative_strength": 20.83987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.218023, "energy": 80.475861, "activity_lines": [ 89.420667, 86.619273, 82.821714, 79.426344 ] }, { "date": "2026-02-06", "close": 93.24, "volume": 125228235, "typical_volume": 66068820.7, "trend": 75.652333, "fair_value": 50.98859, "relative_strength": 22.8288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.822015, "energy": 75.563038, "activity_lines": [ 91.32, 88.221091, 84.107048, 80.625419 ] }, { "date": "2026-02-13", "close": 94.75, "volume": 62564934, "typical_volume": 67103802.55, "trend": 76.706333, "fair_value": 51.372051, "relative_strength": 25.375616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.864348, "energy": 70.527075, "activity_lines": [ 92.944, 89.846, 85.422857, 81.857527 ] }, { "date": "2026-02-20", "close": 95.95, "volume": 36813028, "typical_volume": 66653446.35, "trend": 77.807667, "fair_value": 51.767051, "relative_strength": 24.5602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.2715, "energy": 68.928919, "activity_lines": [ 94.310667, 91.405273, 86.73981, 83.099054 ] }, { "date": "2026-02-27", "close": 99.07, "volume": 36798780, "typical_volume": 65193170.5, "trend": 79.000333, "fair_value": 52.176538, "relative_strength": 28.093695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.266142, "energy": 71.316058, "activity_lines": [ 96.072, 93.259818, 88.245667, 84.470817 ] }, { "date": "2026-03-06", "close": 96.98, "volume": 78027710, "typical_volume": 64577412.15, "trend": 80.097667, "fair_value": 52.570897, "relative_strength": 26.895468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.633554, "energy": 64.109538, "activity_lines": [ 96.784667, 94.418727, 89.440619, 85.630796 ] }, { "date": "2026-03-13", "close": 94.38, "volume": 80776133, "typical_volume": 63482499.85, "trend": 81.145667, "fair_value": 52.935577, "relative_strength": 24.504497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.064839, "energy": 58.08844, "activity_lines": [ 96.245333, 94.893273, 90.305333, 86.552237 ] }, { "date": "2026-03-20", "close": 84.7, "volume": 93685224, "typical_volume": 64856958.45, "trend": 81.849667, "fair_value": 53.238397, "relative_strength": 13.243924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.340685, "energy": 31.487147, "activity_lines": [ 92.403333, 93.374727, 90.166857, 86.781548 ] }, { "date": "2026-03-27", "close": 84.95, "volume": 88279072, "typical_volume": 67473102.6, "trend": 82.511333, "fair_value": 53.543397, "relative_strength": 15.628905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.004025, "energy": 20.409704, "activity_lines": [ 89.314667, 91.905091, 90.007857, 86.98157 ] }, { "date": "2026-04-03", "close": 87.94, "volume": 44512218, "typical_volume": 66955579.45, "trend": 83.184, "fair_value": 53.863205, "relative_strength": 15.358122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.7982, "energy": 25.01854, "activity_lines": [ 87.956, 91.003091, 90.088286, 87.331806 ] }, { "date": "2026-04-10", "close": 89.56, "volume": 30078532, "typical_volume": 66024559.1, "trend": 83.88, "fair_value": 54.193654, "relative_strength": 13.091869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.980206, "energy": 23.952216, "activity_lines": [ 87.879333, 90.502, 90.27081, 87.743161 ] }, { "date": "2026-04-17", "close": 91.34, "volume": 22894561, "typical_volume": 65396232.35, "trend": 84.61, "fair_value": 54.538205, "relative_strength": 10.205979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.667897, "energy": 15.171047, "activity_lines": [ 88.890667, 90.354364, 90.56119, 88.224452 ] }, { "date": "2026-04-24", "close": 88.75, "volume": 23610226, "typical_volume": 64848779.95, "trend": 85.202, "fair_value": 54.865385, "relative_strength": 6.339401, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.525988, "energy": 9.071847, "activity_lines": [ 89.241333, 89.770364, 90.548095, 88.491548 ] }, { "date": "2026-05-01", "close": 86.72, "volume": 29309025, "typical_volume": 63960390.1, "trend": 85.652, "fair_value": 55.176154, "relative_strength": 2.744786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.482735, "energy": 5.071449, "activity_lines": [ 88.645333, 88.926364, 90.295905, 88.589484 ] }, { "date": "2026-05-08", "close": 88.87, "volume": 28381455, "typical_volume": 63493842.95, "trend": 86.095, "fair_value": 55.501538, "relative_strength": 2.735092, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.668474, "energy": 11.38462, "activity_lines": [ 88.648, 88.641091, 90.22119, 88.797097 ] }, { "date": "2026-05-15", "close": 85.51, "volume": 15975123, "typical_volume": 62833829.1, "trend": 86.291, "fair_value": 55.809615, "relative_strength": -1.569607, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.769566, "energy": 16.134522, "activity_lines": [ 87.468667, 87.930364, 89.792381, 88.759355 ] }, { "date": "2026-05-22", "close": 84.81, "volume": 26050062, "typical_volume": 61961312.0, "trend": 86.541, "fair_value": 56.116603, "relative_strength": -3.270622, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.109133, "energy": 35.480083, "activity_lines": [ 86.326, 87.300909, 89.296095, 88.663806 ] }, { "date": "2026-05-29", "close": 85.49, "volume": 29527896, "typical_volume": 61284827.35, "trend": 86.877667, "fair_value": 56.427821, "relative_strength": -3.991731, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.915271, "energy": 34.198145, "activity_lines": [ 85.845333, 86.969091, 88.849095, 88.596 ] }, { "date": "2026-06-05", "close": 81.22, "volume": 30605096, "typical_volume": 59568708.05, "trend": 87.070667, "fair_value": 56.710385, "relative_strength": -6.517174, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.797901, "energy": 57.011788, "activity_lines": [ 84.158667, 85.846545, 87.992571, 88.230989 ] }, { "date": "2026-06-12", "close": 79.19, "volume": 50528794, "typical_volume": 58407348.55, "trend": 87.144333, "fair_value": 56.980449, "relative_strength": -9.326467, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.089968, "energy": 64.124833, "activity_lines": [ 82.162, 84.422727, 86.966762, 87.722559 ] }, { "date": "2026-06-19", "close": 79.33, "volume": 31733705, "typical_volume": 48268990.45, "trend": 87.235, "fair_value": 57.255962, "relative_strength": -9.977443, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.250192, "energy": 79.700011, "activity_lines": [ 80.857333, 83.183455, 86.02381, 87.218409 ] }, { "date": "2026-06-26", "close": 76.56, "volume": 35909374, "typical_volume": 43803047.4, "trend": 87.14, "fair_value": 57.513462, "relative_strength": -11.058378, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.523184, "energy": 86.708824, "activity_lines": [ 79.041333, 81.626545, 84.873571, 86.529699 ] }, { "date": "2026-07-03", "close": 77.51, "volume": 21253605, "typical_volume": 41737480.95, "trend": 87.085667, "fair_value": 57.776603, "relative_strength": -11.898538, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.755312, "energy": 85.15835, "activity_lines": [ 78.092, 80.511091, 83.893238, 85.908409 ] }, { "date": "2026-07-10", "close": 77.26, "volume": 26453903, "typical_volume": 41219524.7, "trend": 86.961333, "fair_value": 58.034551, "relative_strength": -13.36163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.814666, "energy": 82.710043, "activity_lines": [ 77.591333, 79.554545, 82.97119, 85.274495 ] }, { "date": "2026-07-17", "close": 75.5, "volume": 22762825, "typical_volume": 40517726.95, "trend": 86.754333, "fair_value": 58.280256, "relative_strength": -14.005326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.832664, "energy": 82.268235, "activity_lines": [ 76.768, 78.45, 81.970524, 84.535054 ] }, { "date": "2026-07-24", "close": 76.23, "volume": 25617491, "typical_volume": 37897216.0, "trend": 86.450667, "fair_value": 58.530962, "relative_strength": -12.708825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.212443, "energy": 68.143119, "activity_lines": [ 76.434, 77.721273, 81.151619, 83.856065 ] }, { "date": "2026-07-31", "close": 76.17, "volume": 20117767, "typical_volume": 34864297.7, "trend": 86.271, "fair_value": 58.783526, "relative_strength": -13.709804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.10781, "energy": 59.35301, "activity_lines": [ 76.286667, 77.150364, 80.42581, 83.192796 ] }, { "date": "2026-08-07", "close": 81.68, "volume": 41302761, "typical_volume": 32245174.55, "trend": 86.164, "fair_value": 59.074808, "relative_strength": -10.66445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.632047, "energy": 42.642422, "activity_lines": [ 78.002, 77.738364, 80.311476, 82.896602 ] } ], "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." } } }