{ "ticker": { "uuid": "f1d0b873-34e0-45c7-8e58-d81f665ba8a5", "symbol": "DK14", "name": "Deka MDAX UCITS ETF", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 44.011, "architecture_energy": 22.77, "architecture_maturity": 27.5, "architecture_confidence": 70.613, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 41.27, "rotation_up": 32.82, "upward_expansion": 56.68, "deceleration": 81.94, "rotation_down": 24.95, "downward_expansion": 18.01 }, "activity_lines": [ 298.300006, 298.606366, 297.261192, 293.417851 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 301.450012, "trend_reference": 290.700001, "distance_from_trend": 0.03698, "trend_direction": "Improving", "fair_value": 264.359936, "distance_from_fair_value": 0.140301, "fair_value_direction": "Improving", "relative_strength": -14.46432, "relative_strength_direction": "Weakening", "price_momentum": 0.023947, "excess_performance": -0.1503, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.03698, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022344, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.140301, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.029845, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.144643, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007112, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.023947, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.492234, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.492234, "dry_up": 2.247273, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.031183, "annualized_volatility": 0.227583, "from_high_reference": -0.033814, "from_low_reference": 0.172501 }, "levels": { "trend_reference": 290.700001, "fair_value_reference": 264.359936, "structural_low": 257.100006, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.012, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.038748, "regime_survival": 0.5, "best_return": 0.149732, "worst_return": -0.038029, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.074591, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.093059, "regime_survival": 0.0, "best_return": 0.209005, "worst_return": -0.029102, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.048273, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.159816, "regime_survival": 0.0, "best_return": 0.129505, "worst_return": -0.032959, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.072083, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.283601, "regime_survival": 0.0, "best_return": 0.072083, "worst_return": 0.072083, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.149732, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-08-29", "tenure": "Established", "return": 0.01435, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-10-31", "tenure": "Developing", "return": -0.024369, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.020647, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": 0.014319, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-02", "tenure": "New", "return": 0.021389, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-02-06", "tenure": "Developing", "return": -0.022901, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-06", "tenure": "New", "return": -0.054346, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.041866, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": 0.025879, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.05083, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-22", "tenure": "Developing", "return": 0.056066, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-07-17", "tenure": "Developing", "return": -0.047496, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.017209, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 255.699997, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 254.399994, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 262.649994, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 255.199997, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 257.100006, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 256.75, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 246.399994, "volume": 0, "typical_volume": 0.0, "trend": 258.578333, "fair_value": 257.185624, "relative_strength": -2.634912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.758199, "energy": 64.702005, "activity_lines": [ 253.556665, 256.023635, 258.150237, 258.46387 ] }, { "date": "2023-10-06", "close": 239.699997, "volume": 0, "typical_volume": 0.0, "trend": 257.768332, "fair_value": 256.969752, "relative_strength": -3.77605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.379755, "energy": 81.681066, "activity_lines": [ 248.249998, 252.559089, 256.355951, 257.245913 ] }, { "date": "2023-10-13", "close": 235.399994, "volume": 0, "typical_volume": 0.0, "trend": 257.284999, "fair_value": 256.706707, "relative_strength": -6.264702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.787618, "energy": 92.411185, "activity_lines": [ 243.039996, 248.870906, 254.25357, 255.802794 ] }, { "date": "2023-10-20", "close": 227.550003, "volume": 0, "typical_volume": 0.0, "trend": 256.531666, "fair_value": 256.355421, "relative_strength": -5.982339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.606454, "energy": 97.190188, "activity_lines": [ 236.533331, 244.286362, 251.494284, 253.884408 ] }, { "date": "2023-10-27", "close": 224.699997, "volume": 0, "typical_volume": 0.0, "trend": 255.295, "fair_value": 255.978571, "relative_strength": -6.650429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.295287, "energy": 95.930219, "activity_lines": [ 231.046664, 239.852725, 248.602617, 251.830751 ] }, { "date": "2023-11-03", "close": 237.199997, "volume": 0, "typical_volume": 0.0, "trend": 254.636666, "fair_value": 255.757646, "relative_strength": -6.538103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.126839, "energy": 87.924401, "activity_lines": [ 231.863331, 238.255452, 247.050236, 250.663332 ] }, { "date": "2023-11-10", "close": 238.949997, "volume": 0, "typical_volume": 0.0, "trend": 253.856666, "fair_value": 255.562208, "relative_strength": -6.43369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.812678, "energy": 72.723215, "activity_lines": [ 233.876664, 237.289089, 245.768093, 249.651289 ] }, { "date": "2023-11-17", "close": 248.25, "volume": 0, "typical_volume": 0.0, "trend": 253.398332, "fair_value": 255.47816, "relative_strength": -4.865471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.950002, "energy": 43.478196, "activity_lines": [ 239.039998, 238.444543, 245.440236, 249.289568 ] }, { "date": "2023-11-24", "close": 247.550003, "volume": 0, "typical_volume": 0.0, "trend": 252.961666, "fair_value": 255.388067, "relative_strength": -4.565757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.618321, "energy": 29.565879, "activity_lines": [ 243.113333, 239.59909, 245.102856, 248.912257 ] }, { "date": "2023-12-01", "close": 250.100006, "volume": 0, "typical_volume": 0.0, "trend": 252.603333, "fair_value": 255.328651, "relative_strength": -5.414822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.604026, "energy": 30.258181, "activity_lines": [ 246.703336, 241.390909, 245.041428, 248.727634 ] }, { "date": "2023-12-08", "close": 252.0, "volume": 0, "typical_volume": 0.0, "trend": 252.406666, "fair_value": 255.291666, "relative_strength": -4.828319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.662035, "energy": 27.706714, "activity_lines": [ 249.233335, 243.649091, 245.219047, 248.688709 ] }, { "date": "2023-12-15", "close": 256.200012, "volume": 0, "typical_volume": 0.0, "trend": 252.246666, "fair_value": 255.301648, "relative_strength": -4.638175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.027845, "energy": 29.804705, "activity_lines": [ 252.176672, 246.569094, 245.862144, 248.933441 ] }, { "date": "2023-12-22", "close": 254.25, "volume": 0, "typical_volume": 0.0, "trend": 252.24, "fair_value": 255.290217, "relative_strength": -6.338953, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.884023, "energy": 33.708789, "activity_lines": [ 253.320004, 248.834548, 246.387144, 249.062688 ] }, { "date": "2023-12-29", "close": 255.350006, "volume": 0, "typical_volume": 0.0, "trend": 252.193333, "fair_value": 255.29086, "relative_strength": -6.624731, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.790196, "energy": 42.547964, "activity_lines": [ 254.430005, 250.957276, 247.066192, 249.263334 ] }, { "date": "2024-01-05", "close": 245.850006, "volume": 0, "typical_volume": 0.0, "trend": 251.856667, "fair_value": 255.190425, "relative_strength": -9.835055, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -2.250421, "energy": 19.705479, "activity_lines": [ 251.853339, 250.847277, 246.883335, 248.854087 ] }, { "date": "2024-01-12", "close": 248.050003, "volume": 0, "typical_volume": 0.0, "trend": 251.493333, "fair_value": 255.115263, "relative_strength": -8.003486, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -13.95336, "energy": 14.039107, "activity_lines": [ 250.293338, 250.752732, 246.956907, 248.608496 ] }, { "date": "2024-01-19", "close": 239.949997, "volume": 0, "typical_volume": 0.0, "trend": 251.046666, "fair_value": 254.957291, "relative_strength": -9.346922, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -48.683737, "energy": 30.168868, "activity_lines": [ 246.296668, 248.988185, 246.289288, 247.863764 ] }, { "date": "2024-01-26", "close": 247.0, "volume": 0, "typical_volume": 0.0, "trend": 250.605, "fair_value": 254.875257, "relative_strength": -9.465138, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.480122, "energy": 29.665559, "activity_lines": [ 245.733334, 248.487275, 246.401192, 247.602689 ] }, { "date": "2024-02-02", "close": 242.0, "volume": 0, "typical_volume": 0.0, "trend": 250.188333, "fair_value": 254.743877, "relative_strength": -10.636922, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.413191, "energy": 37.406055, "activity_lines": [ 243.986667, 247.100002, 246.075954, 247.047528 ] }, { "date": "2024-02-09", "close": 242.699997, "volume": 0, "typical_volume": 0.0, "trend": 249.535, "fair_value": 254.622222, "relative_strength": -8.067821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.647136, "energy": 39.457689, "activity_lines": [ 243.363332, 245.94091, 245.889287, 246.564409 ] }, { "date": "2024-02-16", "close": 246.699997, "volume": 0, "typical_volume": 0.0, "trend": 248.9, "fair_value": 254.543, "relative_strength": -7.737821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.666687, "energy": 30.536255, "activity_lines": [ 244.283331, 245.643636, 246.150477, 246.381506 ] }, { "date": "2024-02-23", "close": 242.350006, "volume": 0, "typical_volume": 0.0, "trend": 247.965, "fair_value": 254.422277, "relative_strength": -8.635149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.724691, "energy": 33.040301, "activity_lines": [ 243.843334, 244.651819, 245.995954, 245.958926 ] }, { "date": "2024-03-01", "close": 246.149994, "volume": 0, "typical_volume": 0.0, "trend": 247.35, "fair_value": 254.341176, "relative_strength": -6.930572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.160382, "energy": 20.828711, "activity_lines": [ 244.509999, 244.602727, 246.190715, 245.841828 ] }, { "date": "2024-03-08", "close": 245.199997, "volume": 0, "typical_volume": 0.0, "trend": 246.711666, "fair_value": 254.252427, "relative_strength": -7.196518, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.590719, "energy": 12.768316, "activity_lines": [ 244.916665, 244.528181, 246.24381, 245.703119 ] }, { "date": "2024-03-15", "close": 246.050003, "volume": 0, "typical_volume": 0.0, "trend": 246.39, "fair_value": 254.173557, "relative_strength": -7.559321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.101131, "energy": 11.590137, "activity_lines": [ 245.393333, 244.792727, 246.29381, 245.660431 ] }, { "date": "2024-03-22", "close": 251.050003, "volume": 0, "typical_volume": 0.0, "trend": 246.278334, "fair_value": 254.143809, "relative_strength": -7.838205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.273042, "energy": 19.962257, "activity_lines": [ 247.313334, 245.962727, 246.718334, 245.961076 ] }, { "date": "2024-03-29", "close": 255.050003, "volume": 0, "typical_volume": 0.0, "trend": 246.025, "fair_value": 254.152358, "relative_strength": -7.116849, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.033066, "energy": 62.387598, "activity_lines": [ 250.276668, 247.805455, 247.457858, 246.52699 ] }, { "date": "2024-04-05", "close": 253.649994, "volume": 0, "typical_volume": 0.0, "trend": 245.973334, "fair_value": 254.147663, "relative_strength": -8.213843, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.790066, "energy": 72.175449, "activity_lines": [ 251.926666, 249.11909, 247.987381, 247.018925 ] }, { "date": "2024-04-12", "close": 250.699997, "volume": 0, "typical_volume": 0.0, "trend": 245.76, "fair_value": 254.11574, "relative_strength": -8.75398, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.823046, "energy": 69.009246, "activity_lines": [ 252.093332, 249.775454, 248.210238, 247.323871 ] }, { "date": "2024-04-19", "close": 245.100006, "volume": 0, "typical_volume": 0.0, "trend": 245.371667, "fair_value": 254.033027, "relative_strength": -10.091733, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.189211, "energy": 48.044012, "activity_lines": [ 250.026667, 249.255455, 247.884762, 247.281291 ] }, { "date": "2024-04-26", "close": 247.0, "volume": 0, "typical_volume": 0.0, "trend": 245.391667, "fair_value": 253.969091, "relative_strength": -9.448629, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.198427, "energy": 16.448406, "activity_lines": [ 248.656667, 249.037273, 247.764048, 247.386345 ] }, { "date": "2024-05-03", "close": 248.100006, "volume": 0, "typical_volume": 0.0, "trend": 245.671667, "fair_value": 253.916216, "relative_strength": -9.855586, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.22389, "energy": 20.602107, "activity_lines": [ 247.923336, 249.013638, 247.771905, 247.561076 ] }, { "date": "2024-05-10", "close": 251.850006, "volume": 0, "typical_volume": 0.0, "trend": 246.220001, "fair_value": 253.897768, "relative_strength": -10.577175, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.862948, "energy": 24.016455, "activity_lines": [ 248.903338, 249.567275, 248.175477, 247.959679 ] }, { "date": "2024-05-17", "close": 257.950012, "volume": 0, "typical_volume": 0.0, "trend": 247.233335, "fair_value": 253.933628, "relative_strength": -9.659219, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.702677, "energy": 50.469428, "activity_lines": [ 252.036674, 251.126368, 249.171431, 248.716454 ] }, { "date": "2024-05-24", "close": 255.149994, "volume": 0, "typical_volume": 0.0, "trend": 248.248335, "fair_value": 253.944298, "relative_strength": -10.236245, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.173672, "energy": 68.911273, "activity_lines": [ 253.753337, 251.944548, 249.888335, 249.227206 ] }, { "date": "2024-05-31", "close": 251.100006, "volume": 0, "typical_volume": 0.0, "trend": 248.711668, "fair_value": 253.919565, "relative_strength": -9.940378, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.104219, "energy": 62.949665, "activity_lines": [ 253.450004, 251.860912, 250.17524, 249.411185 ] }, { "date": "2024-06-07", "close": 252.699997, "volume": 0, "typical_volume": 0.0, "trend": 249.170002, "fair_value": 253.909052, "relative_strength": -8.353613, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.783829, "energy": 58.274544, "activity_lines": [ 253.406668, 252.067275, 250.600002, 249.668496 ] }, { "date": "2024-06-14", "close": 241.800003, "volume": 0, "typical_volume": 0.0, "trend": 248.955002, "fair_value": 253.805555, "relative_strength": -8.924531, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 4.135986, "energy": 6.805276, "activity_lines": [ 249.423335, 250.334548, 249.925954, 249.193012 ] }, { "date": "2024-06-21", "close": 237.850006, "volume": 0, "typical_volume": 0.0, "trend": 248.631669, "fair_value": 253.670339, "relative_strength": -11.459981, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -49.715284, "energy": 42.855878, "activity_lines": [ 244.793336, 248.099094, 248.900479, 248.476561 ] }, { "date": "2024-06-28", "close": 236.75, "volume": 0, "typical_volume": 0.0, "trend": 248.186668, "fair_value": 253.528151, "relative_strength": -11.923089, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "down", "direction": -70.121934, "energy": 72.665514, "activity_lines": [ 241.136669, 245.897275, 247.790002, 247.710002 ] }, { "date": "2024-07-05", "close": 241.550003, "volume": 0, "typical_volume": 0.0, "trend": 247.838335, "fair_value": 253.428333, "relative_strength": -12.163548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.599137, "energy": 72.792231, "activity_lines": [ 240.306669, 244.720003, 247.165002, 247.28183 ] }, { "date": "2024-07-12", "close": 243.699997, "volume": 0, "typical_volume": 0.0, "trend": 247.421668, "fair_value": 253.347934, "relative_strength": -10.930094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.794832, "energy": 70.929197, "activity_lines": [ 240.830001, 244.032729, 246.769288, 247.01484 ] }, { "date": "2024-07-19", "close": 238.0, "volume": 0, "typical_volume": 0.0, "trend": 246.880001, "fair_value": 253.222131, "relative_strength": -11.78406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.345106, "energy": 65.057587, "activity_lines": [ 240.053334, 242.389092, 245.824287, 246.406991 ] }, { "date": "2024-07-26", "close": 235.949997, "volume": 0, "typical_volume": 0.0, "trend": 246.233334, "fair_value": 253.081707, "relative_strength": -12.085332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.396463, "energy": 51.134586, "activity_lines": [ 238.846665, 240.624546, 244.722858, 245.701829 ] }, { "date": "2024-08-02", "close": 229.75, "volume": 0, "typical_volume": 0.0, "trend": 245.696667, "fair_value": 252.893548, "relative_strength": -10.472371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.623643, "energy": 61.548844, "activity_lines": [ 235.699999, 238.132727, 243.075001, 244.638388 ] }, { "date": "2024-08-09", "close": 227.600006, "volume": 126, "typical_volume": 6.3, "trend": 245.015001, "fair_value": 252.6912, "relative_strength": -11.697363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.09241, "energy": 80.750647, "activity_lines": [ 232.303335, 235.711819, 241.300002, 243.470862 ] }, { "date": "2024-08-16", "close": 233.149994, "volume": 0, "typical_volume": 6.3, "trend": 244.788334, "fair_value": 252.536111, "relative_strength": -10.763832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.12128, "energy": 73.282938, "activity_lines": [ 231.686666, 234.727272, 240.165239, 242.705377 ] }, { "date": "2024-08-23", "close": 236.5, "volume": 0, "typical_volume": 6.3, "trend": 244.438334, "fair_value": 252.409842, "relative_strength": -10.582361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.438157, "energy": 59.219309, "activity_lines": [ 232.889999, 234.707272, 239.45381, 242.170646 ] }, { "date": "2024-08-30", "close": 241.350006, "volume": 0, "typical_volume": 6.3, "trend": 244.416668, "fair_value": 252.323437, "relative_strength": -9.293148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.105178, "energy": 34.309284, "activity_lines": [ 235.810002, 235.665455, 239.285954, 241.971399 ] }, { "date": "2024-09-06", "close": 235.050003, "volume": 0, "typical_volume": 6.3, "trend": 244.161668, "fair_value": 252.189535, "relative_strength": -7.6085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.171559, "energy": 23.867235, "activity_lines": [ 236.270002, 235.414547, 238.56262, 241.367098 ] }, { "date": "2024-09-13", "close": 240.149994, "volume": 0, "typical_volume": 6.3, "trend": 243.943334, "fair_value": 252.096923, "relative_strength": -5.803749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.089129, "energy": 24.110565, "activity_lines": [ 238.076666, 236.121818, 238.372858, 241.10828 ] }, { "date": "2024-09-20", "close": 242.800003, "volume": 0, "typical_volume": 6.3, "trend": 243.958334, "fair_value": 252.025954, "relative_strength": -4.732953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.704946, "energy": 20.038439, "activity_lines": [ 239.930001, 237.336364, 238.468096, 241.034517 ] }, { "date": "2024-09-27", "close": 255.399994, "volume": 0, "typical_volume": 6.3, "trend": 244.266668, "fair_value": 252.051515, "relative_strength": -0.467632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 37.744322, "energy": 33.8869, "activity_lines": [ 245.339998, 240.858181, 239.788571, 241.772689 ] }, { "date": "2024-10-04", "close": 252.100006, "volume": 0, "typical_volume": 6.3, "trend": 244.496668, "fair_value": 252.05188, "relative_strength": -0.512863, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.85885, "energy": 47.124873, "activity_lines": [ 248.39, 243.463637, 240.777858, 242.278065 ] }, { "date": "2024-10-11", "close": 252.25, "volume": 0, "typical_volume": 6.3, "trend": 244.703335, "fair_value": 252.053358, "relative_strength": -0.469693, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.265044, "energy": 58.292048, "activity_lines": [ 250.773334, 245.802728, 241.809286, 242.77828 ] }, { "date": "2024-10-18", "close": 256.549988, "volume": 0, "typical_volume": 6.3, "trend": 244.886667, "fair_value": 252.086667, "relative_strength": 0.99149, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.05643, "energy": 68.213671, "activity_lines": [ 253.44333, 248.514544, 243.264047, 243.542581 ] }, { "date": "2024-10-25", "close": 256.149994, "volume": 118, "typical_volume": 12.2, "trend": 244.923334, "fair_value": 252.116544, "relative_strength": 2.161733, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.567126, "energy": 69.564899, "activity_lines": [ 254.886662, 250.62727, 244.654761, 244.269247 ] }, { "date": "2024-11-01", "close": 249.25, "volume": 590, "typical_volume": 41.7, "trend": 244.776667, "fair_value": 252.09562, "relative_strength": 1.052532, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.409265, "energy": 50.393605, "activity_lines": [ 253.139996, 251.06727, 245.371903, 244.548387 ] }, { "date": "2024-11-08", "close": 249.399994, "volume": 472, "typical_volume": 65.3, "trend": 244.733334, "fair_value": 252.076087, "relative_strength": 0.619325, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.908552, "energy": 44.677338, "activity_lines": [ 251.853329, 251.302724, 246.067855, 244.846666 ] }, { "date": "2024-11-15", "close": 248.0, "volume": 708, "typical_volume": 100.7, "trend": 244.83, "fair_value": 252.046762, "relative_strength": 0.061285, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 44.111338, "energy": 29.005726, "activity_lines": [ 250.279997, 251.13727, 246.575474, 245.057418 ] }, { "date": "2024-11-22", "close": 245.550003, "volume": 590, "typical_volume": 130.2, "trend": 244.781667, "fair_value": 252.000357, "relative_strength": -0.095056, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.471635, "energy": 24.220653, "activity_lines": [ 248.173333, 250.290907, 246.796189, 245.10387 ] }, { "date": "2024-11-29", "close": 246.75, "volume": 0, "typical_volume": 130.2, "trend": 244.736667, "fair_value": 251.96312, "relative_strength": 0.363217, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.418486, "energy": 22.880139, "activity_lines": [ 247.2, 249.564544, 247.112142, 245.230859 ] }, { "date": "2024-12-06", "close": 255.75, "volume": 354, "typical_volume": 147.9, "trend": 244.866667, "fair_value": 251.989789, "relative_strength": 2.862893, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.036568, "energy": 24.912066, "activity_lines": [ 249.853334, 250.402726, 248.270713, 245.941397 ] }, { "date": "2024-12-13", "close": 249.100006, "volume": 236, "typical_volume": 159.7, "trend": 244.571666, "fair_value": 251.96958, "relative_strength": -1.362428, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.434173, "energy": 19.312958, "activity_lines": [ 249.856669, 250.025455, 248.711428, 246.214516 ] }, { "date": "2024-12-20", "close": 239.800003, "volume": 118, "typical_volume": 165.6, "trend": 244.06, "fair_value": 251.885069, "relative_strength": -3.293613, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.127255, "energy": 4.440077, "activity_lines": [ 246.780003, 248.011819, 248.203809, 245.906666 ] }, { "date": "2024-12-27", "close": 240.949997, "volume": 0, "typical_volume": 159.3, "trend": 243.721666, "fair_value": 251.809655, "relative_strength": -3.711978, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.444927, "energy": 10.605421, "activity_lines": [ 244.633334, 246.433637, 247.757857, 245.706021 ] }, { "date": "2025-01-03", "close": 239.600006, "volume": 125, "typical_volume": 165.55, "trend": 243.285, "fair_value": 251.726027, "relative_strength": -4.624807, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.103226, "energy": 37.994754, "activity_lines": [ 242.343336, 244.893638, 247.119762, 245.440108 ] }, { "date": "2025-01-10", "close": 238.449997, "volume": 0, "typical_volume": 165.55, "trend": 243.173333, "fair_value": 251.635714, "relative_strength": -4.8955, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.571121, "energy": 53.902185, "activity_lines": [ 240.146667, 243.445456, 246.341428, 245.128172 ] }, { "date": "2025-01-17", "close": 242.149994, "volume": 375, "typical_volume": 184.3, "trend": 243.316666, "fair_value": 251.571621, "relative_strength": -6.513601, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.173562, "energy": 48.186236, "activity_lines": [ 240.336665, 242.866364, 245.90619, 245.06215 ] }, { "date": "2025-01-24", "close": 244.949997, "volume": 750, "typical_volume": 221.8, "trend": 243.589999, "fair_value": 251.527181, "relative_strength": -6.820683, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.911056, "energy": 26.518871, "activity_lines": [ 241.923331, 242.928181, 245.733809, 245.167526 ] }, { "date": "2025-01-31", "close": 251.100006, "volume": 500, "typical_volume": 246.8, "trend": 243.908333, "fair_value": 251.524333, "relative_strength": -4.81167, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 39.188339, "energy": 18.215943, "activity_lines": [ 245.216667, 244.163637, 246.1, 245.652043 ] }, { "date": "2025-02-07", "close": 252.949997, "volume": 375, "typical_volume": 265.55, "trend": 244.216666, "fair_value": 251.533775, "relative_strength": -4.292713, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.800027, "energy": 33.659445, "activity_lines": [ 248.449999, 245.634545, 246.590238, 246.235376 ] }, { "date": "2025-02-14", "close": 259.350006, "volume": 375, "typical_volume": 284.3, "trend": 244.928333, "fair_value": 251.585197, "relative_strength": -6.548475, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 75.51286, "energy": 53.391472, "activity_lines": [ 252.926668, 248.156364, 247.641667, 247.21172 ] }, { "date": "2025-02-21", "close": 257.5, "volume": 0, "typical_volume": 284.3, "trend": 245.646666, "fair_value": 251.623856, "relative_strength": -6.200192, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.510985, "energy": 69.803394, "activity_lines": [ 255.393335, 250.276364, 248.498096, 248.022796 ] }, { "date": "2025-02-28", "close": 265.399994, "volume": 250, "typical_volume": 296.8, "trend": 246.835, "fair_value": 251.713312, "relative_strength": -5.395671, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.031103, "energy": 82.151012, "activity_lines": [ 259.469999, 253.679999, 250.08119, 249.297204 ] }, { "date": "2025-03-07", "close": 278.25, "volume": 125, "typical_volume": 303.05, "trend": 248.523333, "fair_value": 251.884516, "relative_strength": -3.904226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.837538, "energy": 91.800483, "activity_lines": [ 266.466666, 258.954545, 252.825476, 251.323978 ] }, { "date": "2025-03-14", "close": 274.0, "volume": 0, "typical_volume": 297.15, "trend": 249.885, "fair_value": 252.026282, "relative_strength": -5.301819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.708957, "energy": 88.160758, "activity_lines": [ 270.236666, 262.778181, 255.061667, 252.967634 ] }, { "date": "2025-03-21", "close": 270.5, "volume": 375, "typical_volume": 286.4, "trend": 251.018333, "fair_value": 251.932692, "relative_strength": -5.448822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.151416, "energy": 83.282917, "activity_lines": [ 271.436666, 265.34, 256.879524, 254.297634 ] }, { "date": "2025-03-28", "close": 262.899994, "volume": 250, "typical_volume": 275.3, "trend": 251.736666, "fair_value": 251.699359, "relative_strength": -6.016263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.036379, "energy": 62.917542, "activity_lines": [ 269.359998, 265.937271, 257.87238, 255.064193 ] }, { "date": "2025-04-04", "close": 238.300003, "volume": 0, "typical_volume": 239.9, "trend": 251.844999, "fair_value": 251.328846, "relative_strength": -5.245649, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.692479, "energy": 11.480487, "activity_lines": [ 258.723333, 261.684545, 256.458095, 254.197311 ] }, { "date": "2025-04-11", "close": 242.100006, "volume": 318, "typical_volume": 226.3, "trend": 251.91, "fair_value": 251.041026, "relative_strength": -2.376239, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.888806, "energy": 22.316486, "activity_lines": [ 251.160002, 258.243637, 255.451905, 253.568602 ] }, { "date": "2025-04-18", "close": 254.800003, "volume": 48, "typical_volume": 228.7, "trend": 252.31, "fair_value": 250.808333, "relative_strength": -2.380536, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -1.256697, "energy": 21.090024, "activity_lines": [ 250.240002, 257.275456, 255.671667, 253.755054 ] }, { "date": "2025-04-25", "close": 264.450012, "volume": 85, "typical_volume": 215.25, "trend": 252.611667, "fair_value": 250.627564, "relative_strength": -2.185884, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.076708, "energy": 26.815726, "activity_lines": [ 253.816673, 258.028185, 256.772144, 254.538281 ] }, { "date": "2025-05-02", "close": 274.25, "volume": 115, "typical_volume": 209.2, "trend": 253.35, "fair_value": 250.550641, "relative_strength": 0.0726, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.006411, "energy": 28.089716, "activity_lines": [ 261.063338, 260.470003, 258.764525, 255.934302 ] }, { "date": "2025-05-09", "close": 278.350006, "volume": 115, "typical_volume": 209.05, "trend": 254.22, "fair_value": 250.586538, "relative_strength": -2.817122, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.078917, "energy": 59.078407, "activity_lines": [ 268.920005, 263.352731, 261.027621, 257.547206 ] }, { "date": "2025-05-16", "close": 278.75, "volume": 230, "typical_volume": 220.55, "trend": 254.960001, "fair_value": 250.623077, "relative_strength": -5.306611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.87618, "energy": 71.353052, "activity_lines": [ 274.240003, 266.072731, 263.14524, 259.129786 ] }, { "date": "2025-05-23", "close": 277.350006, "volume": 548, "typical_volume": 241.7, "trend": 255.666668, "fair_value": 250.625, "relative_strength": -4.478132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.318065, "energy": 73.103542, "activity_lines": [ 276.650004, 268.529095, 264.949526, 260.574303 ] }, { "date": "2025-05-30", "close": 286.200012, "volume": 115, "typical_volume": 247.45, "trend": 256.898335, "fair_value": 250.651282, "relative_strength": -2.29593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.413324, "energy": 78.233301, "activity_lines": [ 280.506673, 272.533642, 267.416908, 262.544196 ] }, { "date": "2025-06-06", "close": 289.700012, "volume": 0, "typical_volume": 228.7, "trend": 258.241669, "fair_value": 250.671795, "relative_strength": -1.481195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.483748, "energy": 80.944767, "activity_lines": [ 284.080009, 276.889098, 269.990242, 264.660433 ] }, { "date": "2025-06-13", "close": 278.399994, "volume": 115, "typical_volume": 196.95, "trend": 259.255002, "fair_value": 250.707693, "relative_strength": -3.156048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.64826, "energy": 63.43718, "activity_lines": [ 282.856671, 278.702732, 271.260956, 265.96097 ] }, { "date": "2025-06-20", "close": 274.700012, "volume": 0, "typical_volume": 171.95, "trend": 260.226669, "fair_value": 250.822757, "relative_strength": -3.913158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.529424, "energy": 47.574526, "activity_lines": [ 280.396673, 279.114552, 272.020004, 266.957423 ] }, { "date": "2025-06-27", "close": 283.0, "volume": 0, "typical_volume": 153.2, "trend": 261.435002, "fair_value": 250.998398, "relative_strength": -2.85296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.000642, "energy": 44.383396, "activity_lines": [ 280.973338, 280.442732, 273.457147, 268.42667 ] }, { "date": "2025-07-04", "close": 282.75, "volume": 0, "typical_volume": 134.45, "trend": 262.335002, "fair_value": 251.242308, "relative_strength": -2.155821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.919856, "energy": 37.132241, "activity_lines": [ 281.090002, 281.212731, 274.727385, 269.801831 ] }, { "date": "2025-07-11", "close": 292.700012, "volume": 214, "typical_volume": 145.15, "trend": 263.788336, "fair_value": 251.552244, "relative_strength": -0.932352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.721889, "energy": 54.391713, "activity_lines": [ 284.753339, 283.459096, 276.833814, 271.760864 ] }, { "date": "2025-07-18", "close": 290.5, "volume": 214, "typical_volume": 143.35, "trend": 265.478336, "fair_value": 251.86218, "relative_strength": -1.72565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.576923, "energy": 73.86993, "activity_lines": [ 287.483337, 284.970004, 278.5631, 273.484197 ] }, { "date": "2025-07-25", "close": 294.399994, "volume": 321, "typical_volume": 153.15, "trend": 267.260002, "fair_value": 252.125962, "relative_strength": -2.367677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.289792, "energy": 82.661063, "activity_lines": [ 290.706667, 286.969093, 280.544289, 275.35011 ] }, { "date": "2025-08-01", "close": 283.799988, "volume": 107, "typical_volume": 158.5, "trend": 268.733335, "fair_value": 252.283013, "relative_strength": -3.342163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.160876, "energy": 67.581493, "activity_lines": [ 289.083329, 286.756363, 281.43905, 276.417206 ] }, { "date": "2025-08-08", "close": 294.350006, "volume": 321, "typical_volume": 155.8, "trend": 270.596668, "fair_value": 252.481731, "relative_strength": -5.306584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.615549, "energy": 58.472237, "activity_lines": [ 290.923332, 288.344546, 283.291907, 278.069895 ] }, { "date": "2025-08-15", "close": 289.350006, "volume": 321, "typical_volume": 159.35, "trend": 272.170002, "fair_value": 252.648077, "relative_strength": -9.201458, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.615313, "energy": 46.373293, "activity_lines": [ 290.323334, 288.875456, 284.555003, 279.279788 ] }, { "date": "2025-08-22", "close": 289.149994, "volume": 214, "typical_volume": 170.05, "trend": 273.643335, "fair_value": 252.863462, "relative_strength": -8.030693, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.732196, "energy": 39.808402, "activity_lines": [ 289.879999, 289.376363, 285.673097, 280.375271 ] }, { "date": "2025-08-29", "close": 282.75, "volume": 321, "typical_volume": 170.2, "trend": 274.698335, "fair_value": 253.128526, "relative_strength": -6.620891, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.37368, "energy": 31.485373, "activity_lines": [ 287.393333, 288.518181, 285.939525, 280.962798 ] }, { "date": "2025-09-05", "close": 285.200012, "volume": 428, "typical_volume": 189.2, "trend": 275.773336, "fair_value": 253.429808, "relative_strength": -5.368829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.792278, "energy": 20.943698, "activity_lines": [ 286.500004, 287.959093, 286.245717, 281.640325 ] }, { "date": "2025-09-12", "close": 281.799988, "volume": 0, "typical_volume": 184.95, "trend": 276.521668, "fair_value": 253.710898, "relative_strength": -7.346615, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.978746, "energy": 19.08421, "activity_lines": [ 284.379999, 286.741817, 286.083334, 282.029141 ] }, { "date": "2025-09-19", "close": 282.149994, "volume": 214, "typical_volume": 189.9, "trend": 277.343335, "fair_value": 254.064424, "relative_strength": -6.675299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.25269, "energy": 16.418725, "activity_lines": [ 283.21333, 285.605453, 285.871667, 282.392259 ] }, { "date": "2025-09-26", "close": 279.700012, "volume": 535, "typical_volume": 210.9, "trend": 277.820002, "fair_value": 254.486219, "relative_strength": -7.723665, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.078464, "energy": 14.132854, "activity_lines": [ 281.710002, 284.215455, 285.389049, 282.544303 ] }, { "date": "2025-10-03", "close": 289.25, "volume": 428, "typical_volume": 220.8, "trend": 278.186669, "fair_value": 254.981411, "relative_strength": -6.380162, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.578248, "energy": 15.829463, "activity_lines": [ 284.020001, 284.758183, 285.809525, 283.281722 ] }, { "date": "2025-10-10", "close": 282.700012, "volume": 214, "typical_volume": 204.1, "trend": 278.476669, "fair_value": 255.42436, "relative_strength": -6.479085, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.281436, "energy": 7.767315, "activity_lines": [ 283.713338, 284.203639, 285.556192, 283.572906 ] }, { "date": "2025-10-17", "close": 275.799988, "volume": 0, "typical_volume": 198.35, "trend": 278.653336, "fair_value": 255.842629, "relative_strength": -6.710866, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.02536, "energy": 13.247482, "activity_lines": [ 281.273334, 282.414546, 284.620239, 283.400216 ] }, { "date": "2025-10-24", "close": 282.299988, "volume": 428, "typical_volume": 219.75, "trend": 279.300002, "fair_value": 256.260577, "relative_strength": -6.002956, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.688543, "energy": 8.577106, "activity_lines": [ 281.399996, 282.144543, 284.352856, 283.635484 ] }, { "date": "2025-10-31", "close": 278.25, "volume": 856, "typical_volume": 256.8, "trend": 280.631669, "fair_value": 256.609616, "relative_strength": -9.741647, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.45103, "energy": 29.604302, "activity_lines": [ 280.166663, 281.266362, 283.734999, 283.567742 ] }, { "date": "2025-11-07", "close": 268.799988, "volume": 321, "typical_volume": 272.85, "trend": 281.521668, "fair_value": 256.922116, "relative_strength": -11.452888, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.925088, "energy": 61.749694, "activity_lines": [ 275.879993, 278.868178, 282.217855, 282.804408 ] }, { "date": "2025-11-14", "close": 274.799988, "volume": 107, "typical_volume": 278.2, "trend": 282.188334, "fair_value": 257.107372, "relative_strength": -10.974946, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.714496, "energy": 52.499621, "activity_lines": [ 274.956657, 277.81454, 281.300235, 282.370751 ] }, { "date": "2025-11-21", "close": 263.25, "volume": 524, "typical_volume": 304.4, "trend": 282.148334, "fair_value": 257.250321, "relative_strength": -13.191443, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.186453, "energy": 79.338311, "activity_lines": [ 270.709994, 274.849995, 279.321664, 281.148923 ] }, { "date": "2025-11-28", "close": 279.350006, "volume": 393, "typical_volume": 313.35, "trend": 282.318334, "fair_value": 257.461539, "relative_strength": -11.563808, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.344084, "energy": 60.986817, "activity_lines": [ 272.666665, 275.149997, 278.969284, 280.968386 ] }, { "date": "2025-12-05", "close": 276.899994, "volume": 107, "typical_volume": 308.0, "trend": 282.27, "fair_value": 257.684616, "relative_strength": -13.135154, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.519727, "energy": 36.85181, "activity_lines": [ 274.003331, 275.055451, 278.44714, 280.618816 ] }, { "date": "2025-12-12", "close": 279.549988, "volume": 0, "typical_volume": 291.95, "trend": 282.296666, "fair_value": 257.96218, "relative_strength": -12.307422, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.472815, "energy": 24.832725, "activity_lines": [ 276.313328, 275.493631, 278.242139, 280.443331 ] }, { "date": "2025-12-19", "close": 283.350006, "volume": 178, "typical_volume": 295.5, "trend": 282.496666, "fair_value": 258.248398, "relative_strength": -13.007, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.73776, "energy": 18.655513, "activity_lines": [ 279.173332, 276.799087, 278.469759, 280.511288 ] }, { "date": "2025-12-26", "close": 282.850006, "volume": 321, "typical_volume": 295.5, "trend": 282.385, "fair_value": 258.521154, "relative_strength": -13.035039, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.407858, "energy": 18.784386, "activity_lines": [ 281.296667, 278.001817, 278.651903, 280.534084 ] }, { "date": "2026-01-02", "close": 288.899994, "volume": 0, "typical_volume": 279.45, "trend": 282.358332, "fair_value": 258.739103, "relative_strength": -12.594185, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.590642, "energy": 29.243503, "activity_lines": [ 284.129999, 280.176362, 279.464998, 280.954407 ] }, { "date": "2026-01-09", "close": 301.299988, "volume": 0, "typical_volume": 268.75, "trend": 283.121665, "fair_value": 258.958334, "relative_strength": -9.442316, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.088587, "energy": 61.404587, "activity_lines": [ 290.459996, 284.485451, 281.461187, 282.176449 ] }, { "date": "2026-01-16", "close": 297.350006, "volume": 0, "typical_volume": 252.7, "trend": 283.876665, "fair_value": 259.138462, "relative_strength": -11.457475, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.003599, "energy": 66.125302, "activity_lines": [ 293.846665, 287.657271, 283.023331, 283.094406 ] }, { "date": "2026-01-23", "close": 295.75, "volume": 0, "typical_volume": 231.3, "trend": 284.301665, "fair_value": 259.271795, "relative_strength": -12.435723, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.184458, "energy": 67.270406, "activity_lines": [ 295.513332, 290.01909, 284.363569, 283.860428 ] }, { "date": "2026-01-30", "close": 290.700012, "volume": 0, "typical_volume": 231.3, "trend": 284.566666, "fair_value": 259.333334, "relative_strength": -14.896692, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.110188, "energy": 61.41845, "activity_lines": [ 294.670003, 291.081819, 285.172618, 284.273225 ] }, { "date": "2026-02-06", "close": 294.399994, "volume": 0, "typical_volume": 220.6, "trend": 284.623332, "fair_value": 259.500321, "relative_strength": -14.378145, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.737943, "energy": 52.023526, "activity_lines": [ 294.536668, 292.318182, 286.291665, 284.907633 ] }, { "date": "2026-02-13", "close": 291.649994, "volume": 106, "typical_volume": 199.15, "trend": 284.661665, "fair_value": 259.622757, "relative_strength": -14.213742, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.907216, "energy": 38.006062, "activity_lines": [ 293.119999, 292.780908, 287.090474, 285.360966 ] }, { "date": "2026-02-20", "close": 296.649994, "volume": 0, "typical_volume": 177.75, "trend": 284.736665, "fair_value": 259.796154, "relative_strength": -15.182909, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.093027, "energy": 40.33247, "activity_lines": [ 294.01333, 293.884544, 288.308569, 286.134407 ] }, { "date": "2026-02-27", "close": 294.850006, "volume": 106, "typical_volume": 172.35, "trend": 285.104999, "fair_value": 259.933654, "relative_strength": -13.796412, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.735397, "energy": 41.248281, "activity_lines": [ 294.353333, 294.349999, 289.319999, 286.78688 ] }, { "date": "2026-03-06", "close": 275.799988, "volume": 799, "typical_volume": 212.3, "trend": 284.486665, "fair_value": 260.009295, "relative_strength": -14.540112, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 8.01826, "energy": 12.308925, "activity_lines": [ 288.403329, 291.142725, 288.459283, 286.186557 ] }, { "date": "2026-03-13", "close": 271.100006, "volume": 398, "typical_volume": 210.8, "trend": 283.878332, "fair_value": 260.145192, "relative_strength": -13.411347, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.589796, "energy": 29.055446, "activity_lines": [ 281.879999, 287.20909, 287.150951, 285.322901 ] }, { "date": "2026-03-20", "close": 259.75, "volume": 106, "typical_volume": 173.3, "trend": 282.898332, "fair_value": 260.206731, "relative_strength": -15.578062, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.517561, "energy": 59.234526, "activity_lines": [ 273.126666, 281.535454, 284.814999, 283.766235 ] }, { "date": "2026-03-27", "close": 258.899994, "volume": 126, "typical_volume": 163.55, "trend": 282.103332, "fair_value": 260.188141, "relative_strength": -16.692739, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.031951, "energy": 69.880283, "activity_lines": [ 266.216665, 276.462725, 282.486189, 282.217955 ] }, { "date": "2026-04-03", "close": 265.600006, "volume": 0, "typical_volume": 158.2, "trend": 281.449998, "fair_value": 260.24359, "relative_strength": -17.062406, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.933839, "energy": 79.847376, "activity_lines": [ 264.056667, 273.307272, 280.842618, 281.153224 ] }, { "date": "2026-04-10", "close": 283.299988, "volume": 0, "typical_volume": 132.0, "trend": 281.499998, "fair_value": 260.377885, "relative_strength": -16.507802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.958126, "energy": 62.392048, "activity_lines": [ 269.746663, 273.918179, 280.92857, 281.272579 ] }, { "date": "2026-04-17", "close": 297.700012, "volume": 0, "typical_volume": 112.35, "trend": 282.018332, "fair_value": 260.606731, "relative_strength": -13.956857, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 16.272248, "energy": 10.579483, "activity_lines": [ 279.736668, 277.281818, 282.290476, 282.317741 ] }, { "date": "2026-04-24", "close": 282.700012, "volume": 0, "typical_volume": 107.0, "trend": 282.118332, "fair_value": 260.748077, "relative_strength": -14.947181, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.370663, "energy": 15.365834, "activity_lines": [ 282.953339, 277.858184, 282.136429, 282.36172 ] }, { "date": "2026-05-01", "close": 285.100006, "volume": 0, "typical_volume": 107.0, "trend": 281.979999, "fair_value": 260.903526, "relative_strength": -14.334887, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.889833, "energy": 24.081231, "activity_lines": [ 285.440006, 279.03364, 282.183335, 282.554086 ] }, { "date": "2026-05-08", "close": 289.950012, "volume": 0, "typical_volume": 98.1, "trend": 282.221665, "fair_value": 261.108975, "relative_strength": -13.753101, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.831608, "energy": 25.968733, "activity_lines": [ 287.796675, 281.300914, 282.665717, 283.068281 ] }, { "date": "2026-05-15", "close": 291.0, "volume": 0, "typical_volume": 82.05, "trend": 282.728333, "fair_value": 261.301282, "relative_strength": -12.704179, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.364446, "energy": 30.657105, "activity_lines": [ 288.880007, 283.848187, 283.216669, 283.634625 ] }, { "date": "2026-05-22", "close": 298.549988, "volume": 0, "typical_volume": 82.05, "trend": 283.269999, "fair_value": 261.583975, "relative_strength": -11.879477, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.811655, "energy": 43.998954, "activity_lines": [ 291.966667, 287.49182, 284.447858, 284.655377 ] }, { "date": "2026-05-29", "close": 310.549988, "volume": 0, "typical_volume": 82.05, "trend": 284.346665, "fair_value": 261.928846, "relative_strength": -10.383398, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.312439, "energy": 65.651281, "activity_lines": [ 298.996661, 292.818181, 286.775952, 286.415376 ] }, { "date": "2026-06-05", "close": 301.350006, "volume": 0, "typical_volume": 82.05, "trend": 285.431666, "fair_value": 262.219872, "relative_strength": -11.643591, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.820701, "energy": 66.103734, "activity_lines": [ 301.103331, 295.548182, 288.18381, 287.512366 ] }, { "date": "2026-06-12", "close": 298.350006, "volume": 116, "typical_volume": 87.85, "trend": 286.216667, "fair_value": 262.472436, "relative_strength": -14.485824, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.403872, "energy": 66.222942, "activity_lines": [ 301.126666, 296.96091, 289.286906, 288.345807 ] }, { "date": "2026-06-19", "close": 303.450012, "volume": 0, "typical_volume": 87.85, "trend": 287.556667, "fair_value": 262.79359, "relative_strength": -16.118061, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.410433, "energy": 67.669866, "activity_lines": [ 302.290004, 298.705458, 290.863335, 289.457636 ] }, { "date": "2026-06-26", "close": 292.049988, "volume": 0, "typical_volume": 87.85, "trend": 287.98, "fair_value": 262.997436, "relative_strength": -17.209034, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.529316, "energy": 35.057601, "activity_lines": [ 298.823334, 298.010909, 291.293334, 289.747527 ] }, { "date": "2026-07-03", "close": 306.600006, "volume": 0, "typical_volume": 82.55, "trend": 288.97, "fair_value": 263.331411, "relative_strength": -14.668723, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.85103, "energy": 39.513102, "activity_lines": [ 300.640002, 300.064546, 293.12024, 290.948818 ] }, { "date": "2026-07-10", "close": 296.799988, "volume": 515, "typical_volume": 108.3, "trend": 289.545, "fair_value": 263.552564, "relative_strength": -15.786363, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.189166, "energy": 27.718539, "activity_lines": [ 299.453331, 299.901817, 293.942619, 291.453979 ] }, { "date": "2026-07-17", "close": 295.799988, "volume": 206, "typical_volume": 113.3, "trend": 289.96, "fair_value": 263.745193, "relative_strength": -13.93094, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.944374, "energy": 21.956439, "activity_lines": [ 298.23666, 299.344542, 294.669047, 291.857526 ] }, { "date": "2026-07-24", "close": 296.350006, "volume": 206, "typical_volume": 83.65, "trend": 290.41, "fair_value": 263.911539, "relative_strength": -14.423959, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.988138, "energy": 24.140588, "activity_lines": [ 297.37333, 298.780907, 295.443333, 292.269785 ] }, { "date": "2026-07-31", "close": 297.450012, "volume": 206, "typical_volume": 74.05, "trend": 290.695, "fair_value": 264.122116, "relative_strength": -13.587776, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.053666, "energy": 17.01935, "activity_lines": [ 297.350002, 298.320001, 296.224524, 292.723979 ] }, { "date": "2026-08-07", "close": 301.450012, "volume": 0, "typical_volume": 68.75, "trend": 290.700001, "fair_value": 264.359936, "relative_strength": -14.46432, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.010641, "energy": 22.7698, "activity_lines": [ 298.300006, 298.606366, 297.261192, 293.417851 ] } ], "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." } } }