{ "ticker": { "uuid": "f9160710-78bf-4cb4-9f45-7a53f050072b", "symbol": "BCPC", "name": "Balchem Corporation", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 88.706, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 31.99, "architecture_energy": 29.907, "architecture_maturity": 17.284, "architecture_confidence": 63.043, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 42.36, "rotation_up": 53.82, "upward_expansion": 43.04, "deceleration": 27.05, "rotation_down": 25.8, "downward_expansion": 25.04 }, "activity_lines": [ 169.644667, 167.96, 166.204476, 166.999097 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 179.43, "trend_reference": 168.313, "distance_from_trend": 0.06605, "trend_direction": "Improving", "fair_value": 156.494965, "distance_from_fair_value": 0.146554, "fair_value_direction": "Improving", "relative_strength": -3.546149, "relative_strength_direction": "Improving", "price_momentum": 0.036209, "excess_performance": -0.151244, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06605, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.023779, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.146554, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.097852, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035461, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.13517, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.036209, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.90235, "read": "Demand-led" } ], "volume": { "latest": 1161546, "relative_activity": 1.104995, "balance": 1.90235, "dry_up": 0.99052, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.043489, "annualized_volatility": 0.251759, "from_high_reference": -0.024307, "from_low_reference": 0.297189 }, "levels": { "trend_reference": 168.313, "fair_value_reference": 156.494965, "structural_low": 152.91, "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": 24, "median_return": 0.00313, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.005321, "regime_survival": 0.625, "best_return": 0.137467, "worst_return": -0.113325, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.00624, "positive_rate": 0.416667, "directional_follow_through": 0.416667, "median_excess_return": -0.00744, "regime_survival": 0.666667, "best_return": 0.152573, "worst_return": -0.12052, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.015286, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.046467, "regime_survival": 0.428571, "best_return": 0.091623, "worst_return": -0.050155, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.005806, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.240676, "regime_survival": 0.666667, "best_return": 0.320908, "worst_return": -0.040778, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": 0.087959, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-07-18", "tenure": "Established", "return": -0.130059, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.089168, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.068752, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": 0.070735, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.032279, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": -0.007112, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-20", "tenure": "Developing", "return": -0.047952, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.064151, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": -0.070549, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": -0.012114, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": 0.02034, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": 0.031943, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.062974, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 133.953857, "volume": 368992, "typical_volume": 416365.7, "trend": 128.052014, "fair_value": 126.735225, "relative_strength": -9.978842, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.893427, "energy": 52.55865, "activity_lines": [ 132.810109, 131.216567, 129.580748, 128.515913 ] }, { "date": "2023-08-25", "close": 135.042674, "volume": 333026, "typical_volume": 420013.2, "trend": 128.339422, "fair_value": 126.996352, "relative_strength": -10.42574, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.307557, "energy": 59.282303, "activity_lines": [ 133.925084, 132.018065, 130.24338, 128.966924 ] }, { "date": "2023-09-01", "close": 137.906948, "volume": 303517, "typical_volume": 419171.55, "trend": 128.364272, "fair_value": 127.267723, "relative_strength": -11.547588, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.955965, "energy": 68.181064, "activity_lines": [ 135.597218, 133.321969, 131.122981, 129.584183 ] }, { "date": "2023-09-08", "close": 129.117942, "volume": 340916, "typical_volume": 415718.05, "trend": 128.294954, "fair_value": 127.500289, "relative_strength": -15.756595, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.924773, "energy": 40.111964, "activity_lines": [ 133.702743, 132.82081, 131.102055, 129.632807 ] }, { "date": "2023-09-15", "close": 132.207827, "volume": 776116, "typical_volume": 436907.95, "trend": 128.185745, "fair_value": 127.746962, "relative_strength": -13.077817, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.887863, "energy": 28.750416, "activity_lines": [ 133.018063, 132.938164, 131.361577, 129.885251 ] }, { "date": "2023-09-22", "close": 124.762676, "volume": 397011, "typical_volume": 436287.4, "trend": 128.036319, "fair_value": 127.954088, "relative_strength": -14.80863, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 10.241793, "energy": 10.418983, "activity_lines": [ 130.057006, 131.603583, 130.896249, 129.664407 ] }, { "date": "2023-09-29", "close": 121.672792, "volume": 597760, "typical_volume": 449904.75, "trend": 127.752835, "fair_value": 128.123253, "relative_strength": -16.582253, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -31.761473, "energy": 32.166238, "activity_lines": [ 126.678732, 129.770876, 130.142579, 129.253857 ] }, { "date": "2023-10-06", "close": 123.762142, "volume": 496837, "typical_volume": 451839.4, "trend": 127.796976, "fair_value": 128.275823, "relative_strength": -16.228033, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -25.07488, "energy": 40.357407, "activity_lines": [ 124.888233, 128.452703, 129.594854, 128.996393 ] }, { "date": "2023-10-13", "close": 122.614471, "volume": 289696, "typical_volume": 441519.5, "trend": 127.771472, "fair_value": 128.409264, "relative_strength": -16.582177, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.65117, "energy": 54.563595, "activity_lines": [ 123.658165, 127.00933, 128.928486, 128.662038 ] }, { "date": "2023-10-20", "close": 120.132754, "volume": 408832, "typical_volume": 441469.7, "trend": 127.76624, "fair_value": 128.530019, "relative_strength": -15.299439, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.790878, "energy": 62.813314, "activity_lines": [ 122.034423, 125.282027, 128.014132, 128.169218 ] }, { "date": "2023-10-27", "close": 112.883786, "volume": 450953, "typical_volume": 441952.75, "trend": 127.393492, "fair_value": 128.634356, "relative_strength": -17.625995, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.601858, "energy": 79.157722, "activity_lines": [ 118.799362, 122.512277, 126.457746, 127.209059 ] }, { "date": "2023-11-03", "close": 118.710426, "volume": 411562, "typical_volume": 427648.7, "trend": 127.239816, "fair_value": 128.769909, "relative_strength": -17.911827, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.652559, "energy": 67.37889, "activity_lines": [ 118.298441, 121.185009, 125.542318, 126.648861 ] }, { "date": "2023-11-10", "close": 116.052144, "volume": 316747, "typical_volume": 417651.1, "trend": 126.955677, "fair_value": 128.85577, "relative_strength": -21.345154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.439129, "energy": 69.985913, "activity_lines": [ 117.108917, 119.671367, 124.446681, 125.927076 ] }, { "date": "2023-11-17", "close": 120.093517, "volume": 383300, "typical_volume": 417183.75, "trend": 126.751647, "fair_value": 128.982407, "relative_strength": -19.515423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.840857, "energy": 50.667015, "activity_lines": [ 117.780518, 119.28988, 123.785778, 125.484356 ] }, { "date": "2023-11-24", "close": 120.613403, "volume": 208803, "typical_volume": 413137.55, "trend": 126.475682, "fair_value": 129.10333, "relative_strength": -19.179063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.228492, "energy": 37.099496, "activity_lines": [ 118.793477, 119.166998, 123.232214, 125.08834 ] }, { "date": "2023-12-01", "close": 122.555616, "volume": 501378, "typical_volume": 415854.15, "trend": 126.360588, "fair_value": 129.237633, "relative_strength": -17.307362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.799452, "energy": 25.807201, "activity_lines": [ 120.421797, 119.608053, 122.893098, 124.835433 ] }, { "date": "2023-12-08", "close": 130.589316, "volume": 535144, "typical_volume": 421232.5, "trend": 126.609087, "fair_value": 129.382418, "relative_strength": -11.82991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.772846, "energy": 15.632089, "activity_lines": [ 124.083229, 121.54991, 123.346281, 125.108254 ] }, { "date": "2023-12-15", "close": 137.573436, "volume": 1260596, "typical_volume": 463359.5, "trend": 127.134858, "fair_value": 129.563422, "relative_strength": -9.703071, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 35.089566, "energy": 33.929426, "activity_lines": [ 129.280774, 124.599488, 124.457425, 125.815631 ] }, { "date": "2023-12-22", "close": 143.959198, "volume": 560159, "typical_volume": 464594.15, "trend": 127.927765, "fair_value": 129.778483, "relative_strength": -5.934072, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.991133, "energy": 59.622196, "activity_lines": [ 135.172154, 128.558999, 126.132829, 126.901073 ] }, { "date": "2023-12-29", "close": 147.077456, "volume": 359538, "typical_volume": 465044.15, "trend": 128.487505, "fair_value": 130.003756, "relative_strength": -3.751344, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.862399, "energy": 74.413036, "activity_lines": [ 140.511909, 132.69738, 128.047383, 128.136537 ] }, { "date": "2024-01-05", "close": 138.593929, "volume": 721930, "typical_volume": 482691.05, "trend": 128.742228, "fair_value": 130.083788, "relative_strength": -5.913065, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.178134, "energy": 80.021849, "activity_lines": [ 141.25955, 134.803398, 129.097841, 128.788564 ] }, { "date": "2024-01-12", "close": 139.256396, "volume": 412315, "typical_volume": 486655.5, "trend": 128.916363, "fair_value": 130.21577, "relative_strength": -7.855058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.553872, "energy": 77.107447, "activity_lines": [ 141.158793, 136.562407, 130.189295, 129.466897 ] }, { "date": "2024-01-19", "close": 139.473922, "volume": 445581, "typical_volume": 493758.7, "trend": 129.34821, "fair_value": 130.376048, "relative_strength": -9.748773, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.500014, "energy": 59.1855, "activity_lines": [ 140.552739, 137.987404, 131.281401, 130.14803 ] }, { "date": "2024-01-26", "close": 137.86225, "volume": 549715, "typical_volume": 504198.65, "trend": 129.53571, "fair_value": 130.593252, "relative_strength": -10.857616, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.534725, "energy": 42.051358, "activity_lines": [ 139.282763, 138.693519, 132.212553, 130.697323 ] }, { "date": "2024-02-02", "close": 141.530534, "volume": 478900, "typical_volume": 489337.85, "trend": 130.026629, "fair_value": 130.780851, "relative_strength": -9.013939, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.477221, "energy": 40.279512, "activity_lines": [ 139.64201, 139.743526, 133.451425, 131.471183 ] }, { "date": "2024-02-09", "close": 143.508046, "volume": 523463, "typical_volume": 495660.45, "trend": 130.534745, "fair_value": 130.953289, "relative_strength": -8.896582, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.958402, "energy": 45.434357, "activity_lines": [ 141.030224, 140.77277, 134.834239, 132.340952 ] }, { "date": "2024-02-16", "close": 147.522396, "volume": 682387, "typical_volume": 499891.8, "trend": 131.149535, "fair_value": 131.185586, "relative_strength": -4.375644, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.372281, "energy": 52.13748, "activity_lines": [ 143.428946, 142.150942, 136.510107, 133.436929 ] }, { "date": "2024-02-23", "close": 155.116042, "volume": 638509, "typical_volume": 506975.4, "trend": 132.041642, "fair_value": 131.436607, "relative_strength": -0.397725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.151988, "energy": 78.930754, "activity_lines": [ 147.807817, 144.601903, 138.786087, 134.983155 ] }, { "date": "2024-03-01", "close": 155.16548, "volume": 435401, "typical_volume": 514260.65, "trend": 132.819976, "fair_value": 131.662224, "relative_strength": -1.868298, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.109602, "energy": 83.897867, "activity_lines": [ 151.160359, 146.742897, 140.91747, 136.475016 ] }, { "date": "2024-03-08", "close": 154.661214, "volume": 369749, "typical_volume": 512306.5, "trend": 133.465753, "fair_value": 131.83971, "relative_strength": -0.31399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.111826, "energy": 86.191667, "activity_lines": [ 153.191264, 148.588455, 142.845824, 137.884128 ] }, { "date": "2024-03-15", "close": 154.631552, "volume": 674615, "typical_volume": 523489.6, "trend": 134.15501, "fair_value": 132.035998, "relative_strength": 1.116039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.536227, "energy": 86.249911, "activity_lines": [ 154.336902, 150.290733, 144.606931, 139.249663 ] }, { "date": "2024-03-22", "close": 153.800997, "volume": 455382, "typical_volume": 525680.6, "trend": 134.780287, "fair_value": 132.22304, "relative_strength": -2.122649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.557908, "energy": 81.644161, "activity_lines": [ 154.464122, 151.550408, 146.090139, 140.517146 ] }, { "date": "2024-03-29", "close": 153.207743, "volume": 337461, "typical_volume": 526716.3, "trend": 135.290313, "fair_value": 132.418173, "relative_strength": -1.743019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.988353, "energy": 65.12871, "activity_lines": [ 153.975018, 152.437772, 147.349749, 141.706015 ] }, { "date": "2024-04-05", "close": 148.550702, "volume": 409600, "typical_volume": 528031.3, "trend": 135.938072, "fair_value": 132.615213, "relative_strength": -3.684144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.614813, "energy": 46.754034, "activity_lines": [ 152.060786, 152.228695, 147.988899, 142.561524 ] }, { "date": "2024-04-12", "close": 146.237013, "volume": 364010, "typical_volume": 535791.65, "trend": 136.405712, "fair_value": 132.787645, "relative_strength": -4.393347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.000354, "energy": 32.070813, "activity_lines": [ 149.81631, 151.404612, 148.272188, 143.225971 ] }, { "date": "2024-04-19", "close": 141.866712, "volume": 424771, "typical_volume": 531961.3, "trend": 136.975846, "fair_value": 132.923531, "relative_strength": -1.646565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.189583, "energy": 22.755216, "activity_lines": [ 146.67668, 149.700356, 148.01724, 143.578294 ] }, { "date": "2024-04-26", "close": 137.694161, "volume": 424225, "typical_volume": 526415.35, "trend": 137.509892, "fair_value": 133.014111, "relative_strength": -7.738407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.711195, "energy": 24.849108, "activity_lines": [ 142.997189, 147.267297, 147.272949, 143.624637 ] }, { "date": "2024-05-03", "close": 148.708903, "volume": 622320, "typical_volume": 494501.55, "trend": 138.341451, "fair_value": 133.14796, "relative_strength": -1.100924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.89904, "energy": 21.49668, "activity_lines": [ 144.063068, 147.015614, 147.543849, 144.347154 ] }, { "date": "2024-05-10", "close": 154.671102, "volume": 448963, "typical_volume": 488941.75, "trend": 139.410005, "fair_value": 133.309629, "relative_strength": 1.511093, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.447042, "energy": 20.92411, "activity_lines": [ 147.416269, 147.96446, 148.32955, 145.40068 ] }, { "date": "2024-05-17", "close": 154.077848, "volume": 332376, "typical_volume": 487583.65, "trend": 140.541508, "fair_value": 133.491906, "relative_strength": -0.920688, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.366743, "energy": 31.102603, "activity_lines": [ 150.163693, 148.81443, 149.007743, 146.346992 ] }, { "date": "2024-05-24", "close": 151.299444, "volume": 516689, "typical_volume": 477321.6, "trend": 141.82203, "fair_value": 133.645973, "relative_strength": -3.932034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.76298, "energy": 42.607475, "activity_lines": [ 151.462259, 149.169843, 149.38799, 147.041052 ] }, { "date": "2024-05-31", "close": 151.872922, "volume": 334649, "typical_volume": 473438.3, "trend": 142.927446, "fair_value": 133.792445, "relative_strength": -1.838559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.71464, "energy": 51.582202, "activity_lines": [ 152.323136, 149.690109, 149.762352, 147.689497 ] }, { "date": "2024-06-07", "close": 150.538102, "volume": 380426, "typical_volume": 470180.55, "trend": 144.076978, "fair_value": 133.934532, "relative_strength": -5.027391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.626133, "energy": 44.370118, "activity_lines": [ 151.793822, 150.002735, 149.949509, 148.180507 ] }, { "date": "2024-06-14", "close": 148.995642, "volume": 382737, "typical_volume": 461831.65, "trend": 145.040383, "fair_value": 134.081553, "relative_strength": -8.898796, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.00405, "energy": 25.003906, "activity_lines": [ 150.628408, 150.083454, 149.937079, 148.49784 ] }, { "date": "2024-06-21", "close": 149.89541, "volume": 544475, "typical_volume": 465110.4, "trend": 146.016449, "fair_value": 134.221638, "relative_strength": -8.337953, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.162813, "energy": 16.19433, "activity_lines": [ 150.141281, 150.319676, 149.957325, 148.811068 ] }, { "date": "2024-06-28", "close": 152.218987, "volume": 751390, "typical_volume": 476506.75, "trend": 147.005229, "fair_value": 134.379794, "relative_strength": -6.633985, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.628148, "energy": 17.502511, "activity_lines": [ 150.707508, 150.911851, 150.159031, 149.211232 ] }, { "date": "2024-07-05", "close": 158.705226, "volume": 445035, "typical_volume": 464639.15, "trend": 147.942425, "fair_value": 134.581521, "relative_strength": -5.8477, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.902774, "energy": 36.147549, "activity_lines": [ 153.374513, 152.495119, 150.936994, 149.96607 ] }, { "date": "2024-07-12", "close": 164.212597, "volume": 574801, "typical_volume": 461453.75, "trend": 148.830398, "fair_value": 134.825277, "relative_strength": -2.267728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.099614, "energy": 70.808368, "activity_lines": [ 157.421821, 154.697708, 152.186217, 151.015759 ] }, { "date": "2024-07-19", "close": 170.501085, "volume": 810187, "typical_volume": 480193.05, "trend": 149.715127, "fair_value": 135.097014, "relative_strength": 5.579374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.010042, "energy": 84.732252, "activity_lines": [ 162.653658, 157.761773, 153.991026, 152.413867 ] }, { "date": "2024-07-26", "close": 178.74731, "volume": 696995, "typical_volume": 496555.35, "trend": 150.770789, "fair_value": 135.402804, "relative_strength": 13.304493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.578252, "energy": 94.674832, "activity_lines": [ 169.200541, 162.037334, 156.508163, 154.286912 ] }, { "date": "2024-08-02", "close": 169.541992, "volume": 834992, "typical_volume": 504574.2, "trend": 151.802391, "fair_value": 135.656436, "relative_strength": 10.743286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.385245, "energy": 85.775282, "activity_lines": [ 170.755525, 164.190665, 158.033908, 155.497957 ] }, { "date": "2024-08-09", "close": 161.819808, "volume": 735122, "typical_volume": 518561.2, "trend": 152.554505, "fair_value": 135.880681, "relative_strength": 5.384953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.74454, "energy": 77.325712, "activity_lines": [ 168.58158, 164.608279, 158.753204, 156.144242 ] }, { "date": "2024-08-16", "close": 164.420236, "volume": 403897, "typical_volume": 521883.0, "trend": 153.386049, "fair_value": 136.100422, "relative_strength": 1.703715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.687844, "energy": 50.66859, "activity_lines": [ 167.066806, 165.317847, 159.681976, 156.909773 ] }, { "date": "2024-08-23", "close": 170.797712, "volume": 291914, "typical_volume": 515998.7, "trend": 154.483897, "fair_value": 136.336696, "relative_strength": 4.659379, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.275675, "energy": 44.499388, "activity_lines": [ 167.664015, 166.934552, 161.164733, 158.033106 ] }, { "date": "2024-08-30", "close": 175.039475, "volume": 374439, "typical_volume": 516520.15, "trend": 155.600862, "fair_value": 136.582411, "relative_strength": 8.100005, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.276947, "energy": 47.620061, "activity_lines": [ 169.655369, 168.926087, 162.94553, 159.359272 ] }, { "date": "2024-09-06", "close": 166.733925, "volume": 371155, "typical_volume": 513839.35, "trend": 156.375058, "fair_value": 136.787092, "relative_strength": 9.160178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.499269, "energy": 40.693362, "activity_lines": [ 169.125396, 168.950356, 163.798167, 160.077534 ] }, { "date": "2024-09-13", "close": 169.888057, "volume": 480892, "typical_volume": 516672.7, "trend": 157.12058, "fair_value": 137.004145, "relative_strength": 4.998783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.991554, "energy": 41.874887, "activity_lines": [ 169.834005, 169.284196, 164.832783, 160.949341 ] }, { "date": "2024-09-20", "close": 172.765337, "volume": 900351, "typical_volume": 530574.25, "trend": 157.70889, "fair_value": 137.206885, "relative_strength": 5.160352, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.212822, "energy": 42.556094, "activity_lines": [ 170.963823, 169.937854, 165.98812, 161.95868 ] }, { "date": "2024-09-27", "close": 173.160839, "volume": 565238, "typical_volume": 536388.0, "trend": 158.308735, "fair_value": 137.387874, "relative_strength": 4.240428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.129394, "energy": 39.335373, "activity_lines": [ 171.669136, 170.507917, 167.066571, 162.95558 ] }, { "date": "2024-10-04", "close": 170.313222, "volume": 425117, "typical_volume": 541025.05, "trend": 158.830469, "fair_value": 137.527504, "relative_strength": 2.361217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.950391, "energy": 36.43785, "activity_lines": [ 171.267701, 170.511872, 167.785773, 163.730063 ] }, { "date": "2024-10-11", "close": 170.273672, "volume": 450456, "typical_volume": 537713.4, "trend": 159.351873, "fair_value": 137.678838, "relative_strength": 1.043824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.495963, "energy": 34.001079, "activity_lines": [ 171.168166, 170.661983, 168.423897, 164.468334 ] }, { "date": "2024-10-18", "close": 168.632337, "volume": 437119, "typical_volume": 542836.9, "trend": 159.846251, "fair_value": 137.796048, "relative_strength": -0.154441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.894229, "energy": 25.996883, "activity_lines": [ 170.285537, 170.500367, 168.815351, 165.067074 ] }, { "date": "2024-10-25", "close": 169.532105, "volume": 472424, "typical_volume": 547436.8, "trend": 160.390396, "fair_value": 137.929426, "relative_strength": 0.13206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.423279, "energy": 20.420866, "activity_lines": [ 169.786545, 170.37848, 169.212689, 165.691968 ] }, { "date": "2024-11-01", "close": 169.532105, "volume": 881588, "typical_volume": 572379.35, "trend": 161.089776, "fair_value": 138.008189, "relative_strength": 1.622761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.881199, "energy": 18.607435, "activity_lines": [ 169.503101, 170.16365, 169.51958, 166.281755 ] }, { "date": "2024-11-08", "close": 177.303727, "volume": 1091976, "typical_volume": 599754.4, "trend": 162.125333, "fair_value": 138.115597, "relative_strength": 0.556192, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.818244, "energy": 32.557279, "activity_lines": [ 172.052114, 171.384854, 170.468833, 167.327817 ] }, { "date": "2024-11-15", "close": 175.771155, "volume": 544654, "typical_volume": 589417.6, "trend": 163.255481, "fair_value": 138.199666, "relative_strength": 2.978895, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.322933, "energy": 35.098271, "activity_lines": [ 173.624236, 172.28624, 171.141611, 168.208192 ] }, { "date": "2024-11-22", "close": 180.388645, "volume": 461192, "typical_volume": 590225.45, "trend": 164.678631, "fair_value": 138.326724, "relative_strength": 3.497801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.556452, "energy": 56.248636, "activity_lines": [ 176.369023, 173.862856, 172.141997, 169.313558 ] }, { "date": "2024-11-29", "close": 178.490234, "volume": 434502, "typical_volume": 583210.5, "trend": 165.671342, "fair_value": 138.486949, "relative_strength": 1.424194, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.402176, "energy": 59.520702, "activity_lines": [ 177.697252, 174.903387, 172.858327, 170.204629 ] }, { "date": "2024-12-06", "close": 175.533853, "volume": 514378, "typical_volume": 568420.05, "trend": 166.366767, "fair_value": 138.584942, "relative_strength": -3.417186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.46081, "energy": 50.766192, "activity_lines": [ 177.442812, 175.302305, 173.225108, 170.84092 ] }, { "date": "2024-12-13", "close": 173.754093, "volume": 560671, "typical_volume": 561603.85, "trend": 167.022642, "fair_value": 138.670778, "relative_strength": -5.051082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.468801, "energy": 34.497273, "activity_lines": [ 176.195002, 175.334484, 173.398423, 171.317522 ] }, { "date": "2024-12-20", "close": 163.629231, "volume": 1327314, "typical_volume": 586219.95, "trend": 167.433635, "fair_value": 138.697068, "relative_strength": -8.339538, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.002675, "energy": 9.010356, "activity_lines": [ 171.80888, 173.463219, 172.631243, 171.098592 ] }, { "date": "2024-12-27", "close": 164.153885, "volume": 274182, "typical_volume": 563172.95, "trend": 167.843, "fair_value": 138.695337, "relative_strength": -8.637123, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.252927, "energy": 15.691227, "activity_lines": [ 168.407105, 171.808153, 171.942185, 170.886995 ] }, { "date": "2025-01-03", "close": 158.110923, "volume": 419429, "typical_volume": 563949.55, "trend": 168.095427, "fair_value": 138.715258, "relative_strength": -11.093831, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.105146, "energy": 35.973667, "activity_lines": [ 164.073326, 169.135792, 170.666493, 170.259119 ] }, { "date": "2025-01-10", "close": 153.280529, "volume": 539865, "typical_volume": 576347.1, "trend": 168.238257, "fair_value": 138.725595, "relative_strength": -11.677201, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.563458, "energy": 64.401212, "activity_lines": [ 159.488036, 165.792837, 168.960807, 169.303319 ] }, { "date": "2025-01-17", "close": 159.174405, "volume": 617831, "typical_volume": 588516.7, "trend": 168.547557, "fair_value": 138.816849, "relative_strength": -10.698179, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.563645, "energy": 60.789415, "activity_lines": [ 158.350927, 163.816978, 167.899859, 168.718555 ] }, { "date": "2025-01-24", "close": 159.253918, "volume": 474746, "typical_volume": 593696.25, "trend": 168.782055, "fair_value": 138.934181, "relative_strength": -11.852932, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.394055, "energy": 71.297466, "activity_lines": [ 158.212302, 162.1852, 166.92203, 168.118965 ] }, { "date": "2025-01-31", "close": 158.985563, "volume": 629570, "typical_volume": 601130.15, "trend": 168.791399, "fair_value": 139.081175, "relative_strength": -10.626449, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.754542, "energy": 61.578957, "activity_lines": [ 158.275912, 160.804944, 165.954264, 167.486933 ] }, { "date": "2025-02-07", "close": 159.303613, "volume": 549690, "typical_volume": 583597.1, "trend": 168.627766, "fair_value": 139.241273, "relative_strength": -10.425769, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.682642, "energy": 40.670221, "activity_lines": [ 158.790094, 159.871662, 165.068704, 166.874818 ] }, { "date": "2025-02-14", "close": 163.815957, "volume": 569381, "typical_volume": 583804.25, "trend": 168.404929, "fair_value": 139.428609, "relative_strength": -10.291204, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.282475, "energy": 28.304091, "activity_lines": [ 160.728878, 160.107654, 164.676995, 166.564379 ] }, { "date": "2025-02-21", "close": 162.732597, "volume": 703788, "typical_volume": 597737.8, "trend": 167.871105, "fair_value": 139.590058, "relative_strength": -8.591675, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.688379, "energy": 22.141514, "activity_lines": [ 161.60418, 160.359724, 164.226608, 166.198422 ] }, { "date": "2025-02-28", "close": 172.969852, "volume": 796892, "typical_volume": 615059.6, "trend": 167.985367, "fair_value": 139.818193, "relative_strength": 0.639545, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.62044, "energy": 13.43295, "activity_lines": [ 165.654687, 162.673504, 164.787296, 166.527373 ] }, { "date": "2025-03-07", "close": 174.619739, "volume": 839025, "typical_volume": 635154.9, "trend": 168.412031, "fair_value": 140.102915, "relative_strength": 4.979326, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.54071, "energy": 22.560813, "activity_lines": [ 169.340761, 165.117434, 165.492277, 166.955397 ] }, { "date": "2025-03-14", "close": 166.698291, "volume": 806295, "typical_volume": 651848.45, "trend": 168.487967, "fair_value": 140.295036, "relative_strength": 2.815349, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.489577, "energy": 20.002068, "activity_lines": [ 169.344075, 165.930813, 165.414323, 166.844833 ] }, { "date": "2025-03-21", "close": 160.188192, "volume": 1368839, "typical_volume": 676211.0, "trend": 168.134316, "fair_value": 140.461055, "relative_strength": -1.36944, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.317126, "energy": 19.216463, "activity_lines": [ 166.684376, 165.404403, 164.729855, 166.309364 ] }, { "date": "2025-03-28", "close": 162.792231, "volume": 861963, "typical_volume": 664710.35, "trend": 167.726074, "fair_value": 140.630513, "relative_strength": 2.627797, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.832231, "energy": 13.355475, "activity_lines": [ 165.134542, 165.225861, 164.337884, 165.964713 ] }, { "date": "2025-04-04", "close": 154.831026, "volume": 983211, "typical_volume": 686638.2, "trend": 167.329311, "fair_value": 140.780945, "relative_strength": 8.128143, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.498345, "energy": 33.561186, "activity_lines": [ 160.926997, 163.534048, 163.256806, 165.132775 ] }, { "date": "2025-04-11", "close": 159.750872, "volume": 1280077, "typical_volume": 727582.45, "trend": 166.991405, "fair_value": 140.970916, "relative_strength": 3.680261, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.370433, "energy": 35.409906, "activity_lines": [ 159.568655, 162.817169, 162.744, 164.643843 ] }, { "date": "2025-04-18", "close": 160.516181, "volume": 739454, "typical_volume": 742830.05, "trend": 166.5831, "fair_value": 141.189362, "relative_strength": 6.489092, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.122863, "energy": 44.581365, "activity_lines": [ 159.456675, 162.225523, 162.402355, 164.226087 ] }, { "date": "2025-04-25", "close": 152.704062, "volume": 1184955, "typical_volume": 776358.9, "trend": 165.901207, "fair_value": 141.398052, "relative_strength": -4.804094, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.904292, "energy": 54.957953, "activity_lines": [ 157.152796, 160.191444, 161.40229, 163.330665 ] }, { "date": "2025-05-02", "close": 160.883927, "volume": 1012396, "typical_volume": 798945.15, "trend": 165.586897, "fair_value": 141.68362, "relative_strength": -2.96357, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.965267, "energy": 29.395043, "activity_lines": [ 158.07448, 159.846648, 161.289973, 163.00697 ] }, { "date": "2025-05-09", "close": 163.547601, "volume": 646070, "typical_volume": 764882.95, "trend": 165.362695, "fair_value": 141.988638, "relative_strength": -1.088617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.528982, "energy": 21.197125, "activity_lines": [ 160.011276, 160.019769, 161.492625, 162.875402 ] }, { "date": "2025-05-16", "close": 167.235001, "volume": 849584, "typical_volume": 793653.05, "trend": 165.316117, "fair_value": 142.307229, "relative_strength": -5.242482, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.659278, "energy": 7.899758, "activity_lines": [ 162.5961, 161.03464, 162.046847, 162.996196 ] }, { "date": "2025-05-23", "close": 164.949012, "volume": 596831, "typical_volume": 802523.15, "trend": 165.163347, "fair_value": 142.571344, "relative_strength": -4.239662, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.861095, "energy": 15.46095, "activity_lines": [ 163.919986, 161.768144, 162.368684, 162.972512 ] }, { "date": "2025-05-30", "close": 165.684504, "volume": 600626, "typical_volume": 805561.2, "trend": 165.035094, "fair_value": 142.846551, "relative_strength": -5.534956, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.296104, "energy": 13.443161, "activity_lines": [ 165.193513, 162.667179, 162.728006, 163.006135 ] }, { "date": "2025-06-06", "close": 165.207428, "volume": 551222, "typical_volume": 802230.75, "trend": 164.631884, "fair_value": 143.161834, "relative_strength": -7.647583, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.819679, "energy": 16.75683, "activity_lines": [ 165.442653, 163.37954, 162.982825, 163.017253 ] }, { "date": "2025-06-13", "close": 160.545998, "volume": 813818, "typical_volume": 819184.35, "trend": 164.124379, "fair_value": 143.474618, "relative_strength": -9.707287, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.120711, "energy": 7.746977, "activity_lines": [ 163.849749, 163.200456, 162.76497, 162.753648 ] }, { "date": "2025-06-20", "close": 155.059625, "volume": 641576, "typical_volume": 819784.65, "trend": 163.280078, "fair_value": 143.677152, "relative_strength": -12.673131, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.785021, "energy": 24.569113, "activity_lines": [ 160.628161, 161.919941, 162.01845, 162.168825 ] }, { "date": "2025-06-27", "close": 157.38537, "volume": 1118443, "typical_volume": 848222.3, "trend": 162.576583, "fair_value": 143.871027, "relative_strength": -14.738969, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.671702, "energy": 30.962002, "activity_lines": [ 158.993514, 161.147584, 161.512124, 161.788521 ] }, { "date": "2025-07-04", "close": 164.014738, "volume": 521365, "typical_volume": 845821.5, "trend": 162.192612, "fair_value": 144.107461, "relative_strength": -12.312251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.176091, "energy": 23.890968, "activity_lines": [ 160.072898, 161.63749, 161.646302, 161.881305 ] }, { "date": "2025-07-11", "close": 157.474822, "volume": 654686, "typical_volume": 843366.4, "trend": 161.64997, "fair_value": 144.307286, "relative_strength": -15.26164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.687008, "energy": 40.150549, "activity_lines": [ 159.083628, 160.732672, 161.156684, 161.576932 ] }, { "date": "2025-07-18", "close": 151.908936, "volume": 889184, "typical_volume": 847981.0, "trend": 161.259293, "fair_value": 144.448801, "relative_strength": -18.86562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.268219, "energy": 50.601366, "activity_lines": [ 156.75457, 158.877859, 160.162018, 160.948478 ] }, { "date": "2025-07-25", "close": 147.913425, "volume": 815606, "typical_volume": 846810.05, "trend": 160.717945, "fair_value": 144.548263, "relative_strength": -21.134621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.007219, "energy": 65.328749, "activity_lines": [ 153.669479, 156.508201, 158.887118, 160.087454 ] }, { "date": "2025-08-01", "close": 151.243017, "volume": 1395557, "typical_volume": 876273.15, "trend": 160.489014, "fair_value": 144.720644, "relative_strength": -17.025985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.095402, "energy": 67.32994, "activity_lines": [ 152.170665, 155.095225, 158.056495, 159.476168 ] }, { "date": "2025-08-08", "close": 158.369339, "volume": 962617, "typical_volume": 855962.05, "trend": 160.658641, "fair_value": 144.897071, "relative_strength": -15.820859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.003803, "energy": 56.313874, "activity_lines": [ 153.456782, 155.227144, 157.978165, 159.339415 ] }, { "date": "2025-08-15", "close": 159.432821, "volume": 737144, "typical_volume": 849721.1, "trend": 160.667255, "fair_value": 145.056372, "relative_strength": -15.307446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.136042, "energy": 30.158947, "activity_lines": [ 155.473753, 155.685426, 158.009781, 159.26033 ] }, { "date": "2025-08-22", "close": 164.114129, "volume": 639501, "typical_volume": 832535.6, "trend": 160.829262, "fair_value": 145.245681, "relative_strength": -11.632745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.557277, "energy": 12.712484, "activity_lines": [ 158.920627, 157.099847, 158.503233, 159.482709 ] }, { "date": "2025-08-29", "close": 161.102587, "volume": 847324, "typical_volume": 810897.95, "trend": 160.89983, "fair_value": 145.470699, "relative_strength": -12.564322, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.217527, "energy": 20.574648, "activity_lines": [ 160.549974, 157.901841, 158.665666, 159.500343 ] }, { "date": "2025-09-05", "close": 160.178252, "volume": 495455, "typical_volume": 798698.0, "trend": 160.928984, "fair_value": 145.66341, "relative_strength": -13.42734, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.347953, "energy": 13.975788, "activity_lines": [ 160.991932, 158.425902, 158.73363, 159.453789 ] }, { "date": "2025-09-12", "close": 155.387615, "volume": 683230, "typical_volume": 773611.75, "trend": 160.64804, "fair_value": 145.889177, "relative_strength": -17.064609, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.843292, "energy": 18.044138, "activity_lines": [ 159.241328, 158.028158, 158.346953, 159.096282 ] }, { "date": "2025-09-19", "close": 155.566518, "volume": 1174024, "typical_volume": 781693.15, "trend": 160.40917, "fair_value": 146.129344, "relative_strength": -18.232071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.952412, "energy": 18.343977, "activity_lines": [ 157.749141, 157.819798, 157.964535, 158.768442 ] }, { "date": "2025-09-26", "close": 149.165749, "volume": 662781, "typical_volume": 782528.7, "trend": 159.6157, "fair_value": 146.32548, "relative_strength": -20.727526, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.103005, "energy": 43.442253, "activity_lines": [ 154.381117, 156.482359, 156.997841, 158.04306 ] }, { "date": "2025-10-03", "close": 144.305538, "volume": 745650, "typical_volume": 777332.0, "trend": 158.605227, "fair_value": 146.48821, "relative_strength": -23.706156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.215182, "energy": 69.417204, "activity_lines": [ 150.389581, 154.311122, 155.636754, 157.055307 ] }, { "date": "2025-10-10", "close": 143.758888, "volume": 790422, "typical_volume": 787011.55, "trend": 157.84058, "fair_value": 146.620054, "relative_strength": -21.736528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.525438, "energy": 76.419306, "activity_lines": [ 147.335633, 152.106091, 154.332794, 156.097479 ] }, { "date": "2025-10-17", "close": 146.690918, "volume": 827878, "typical_volume": 798374.15, "trend": 157.390671, "fair_value": 146.745562, "relative_strength": -21.564547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.831887, "energy": 74.244173, "activity_lines": [ 146.353651, 150.570232, 153.40898, 155.378146 ] }, { "date": "2025-10-24", "close": 155.725543, "volume": 1112940, "typical_volume": 826460.05, "trend": 157.155115, "fair_value": 146.867721, "relative_strength": -18.043876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.018199, "energy": 55.070299, "activity_lines": [ 148.962992, 150.889367, 153.436052, 155.270718 ] }, { "date": "2025-10-31", "close": 152.455585, "volume": 992801, "typical_volume": 835409.2, "trend": 157.075933, "fair_value": 146.987735, "relative_strength": -20.76045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.974166, "energy": 32.308282, "activity_lines": [ 150.471744, 150.681369, 153.196852, 154.967523 ] }, { "date": "2025-11-07", "close": 151.630642, "volume": 801379, "typical_volume": 843399.35, "trend": 156.805259, "fair_value": 147.07808, "relative_strength": -18.186561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.564149, "energy": 18.415792, "activity_lines": [ 151.486194, 150.535355, 152.917611, 154.616214 ] }, { "date": "2025-11-14", "close": 155.795117, "volume": 701521, "typical_volume": 822553.25, "trend": 156.64789, "fair_value": 147.191182, "relative_strength": -15.28223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.31926, "energy": 19.496126, "activity_lines": [ 153.400461, 151.318735, 153.051315, 154.551043 ] }, { "date": "2025-11-21", "close": 154.512975, "volume": 811919, "typical_volume": 837080.95, "trend": 156.708187, "fair_value": 147.294314, "relative_strength": -12.76686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.883471, "energy": 16.892327, "activity_lines": [ 154.084932, 151.948692, 153.070483, 154.413307 ] }, { "date": "2025-11-28", "close": 155.258407, "volume": 687004, "typical_volume": 838696.85, "trend": 156.52067, "fair_value": 147.407602, "relative_strength": -15.930786, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.207317, "energy": 14.37381, "activity_lines": [ 154.49641, 152.730085, 153.205891, 154.319772 ] }, { "date": "2025-12-05", "close": 149.583191, "volume": 810104, "typical_volume": 834742.85, "trend": 156.05519, "fair_value": 147.543961, "relative_strength": -19.310857, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.67624, "energy": 17.026871, "activity_lines": [ 153.047292, 152.485222, 152.811357, 153.872193 ] }, { "date": "2025-12-12", "close": 155.029808, "volume": 979901, "typical_volume": 842957.6, "trend": 155.64835, "fair_value": 147.782063, "relative_strength": -14.330631, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.003277, "energy": 5.612591, "activity_lines": [ 153.605206, 153.223063, 152.946623, 153.806039 ] }, { "date": "2025-12-19", "close": 155.347858, "volume": 1752292, "typical_volume": 860794.35, "trend": 155.328311, "fair_value": 148.012014, "relative_strength": -14.266401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.142047, "energy": 4.723095, "activity_lines": [ 154.042526, 153.823745, 153.078293, 153.786653 ] }, { "date": "2025-12-26", "close": 157.46, "volume": 507653, "typical_volume": 838046.15, "trend": 155.054161, "fair_value": 148.253554, "relative_strength": -13.806554, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.066222, "energy": 11.548325, "activity_lines": [ 155.21371, 154.597744, 153.391571, 153.924181 ] }, { "date": "2026-01-02", "close": 154.02, "volume": 521928, "typical_volume": 827285.35, "trend": 154.681247, "fair_value": 148.476943, "relative_strength": -13.896385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.65256, "energy": 12.519018, "activity_lines": [ 155.041759, 154.550488, 153.381561, 153.857461 ] }, { "date": "2026-01-09", "close": 160.27, "volume": 771785, "typical_volume": 833899.55, "trend": 154.672047, "fair_value": 148.684307, "relative_strength": -12.058787, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.369589, "energy": 32.355069, "activity_lines": [ 157.035702, 155.670604, 153.992564, 154.218026 ] }, { "date": "2026-01-16", "close": 168.74, "volume": 779619, "typical_volume": 830514.3, "trend": 155.12806, "fair_value": 148.975456, "relative_strength": -6.391279, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.833009, "energy": 58.46162, "activity_lines": [ 161.140524, 158.188641, 155.42854, 155.125636 ] }, { "date": "2026-01-23", "close": 167.54, "volume": 740371, "typical_volume": 842760.1, "trend": 155.466547, "fair_value": 149.239043, "relative_strength": -7.070706, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.613222, "energy": 73.526285, "activity_lines": [ 163.931333, 160.177416, 156.71386, 155.926406 ] }, { "date": "2026-01-30", "close": 170.17, "volume": 697774, "typical_volume": 843487.3, "trend": 155.671723, "fair_value": 149.450636, "relative_strength": -5.279785, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.313411, "energy": 80.227367, "activity_lines": [ 166.786, 162.43083, 158.214602, 156.875016 ] }, { "date": "2026-02-06", "close": 173.16, "volume": 726394, "typical_volume": 821105.8, "trend": 156.194562, "fair_value": 149.719626, "relative_strength": -1.53843, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.952748, "energy": 83.325211, "activity_lines": [ 169.79, 164.943207, 159.929712, 158.003292 ] }, { "date": "2026-02-13", "close": 180.81, "volume": 934701, "typical_volume": 834701.8, "trend": 157.157931, "fair_value": 150.010177, "relative_strength": 4.17031, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.447449, "energy": 88.974469, "activity_lines": [ 174.068, 168.52101, 162.289616, 159.591385 ] }, { "date": "2026-02-20", "close": 171.3, "volume": 708293, "typical_volume": 832833.95, "trend": 157.937483, "fair_value": 150.279758, "relative_strength": -2.233178, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.180741, "energy": 71.877665, "activity_lines": [ 173.806667, 169.801961, 163.593119, 160.503776 ] }, { "date": "2026-02-27", "close": 181.43, "volume": 916531, "typical_volume": 839139.4, "trend": 158.943716, "fair_value": 150.6083, "relative_strength": 4.108977, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.690339, "energy": 72.353167, "activity_lines": [ 176.751333, 172.628909, 165.732838, 162.019422 ] }, { "date": "2026-03-06", "close": 175.28, "volume": 825812, "typical_volume": 839036.1, "trend": 159.507405, "fair_value": 150.947032, "relative_strength": 2.287223, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.539375, "energy": 53.101167, "activity_lines": [ 176.72, 173.863455, 167.107457, 163.073376 ] }, { "date": "2026-03-13", "close": 169.03, "volume": 835509, "typical_volume": 825164.55, "trend": 159.827311, "fair_value": 151.239663, "relative_strength": 0.076763, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.256912, "energy": 42.190154, "activity_lines": [ 174.264667, 173.637636, 167.750699, 163.687737 ] }, { "date": "2026-03-20", "close": 162.01, "volume": 1363351, "typical_volume": 843692.05, "trend": 159.757173, "fair_value": 151.5071, "relative_strength": -1.783069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.225046, "energy": 23.995335, "activity_lines": [ 169.744667, 171.862545, 167.662015, 163.828556 ] }, { "date": "2026-03-27", "close": 166.95, "volume": 891342, "typical_volume": 848190.2, "trend": 159.952087, "fair_value": 151.781996, "relative_strength": 4.956301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.851973, "energy": 21.491987, "activity_lines": [ 168.124667, 170.954, 167.998311, 164.292609 ] }, { "date": "2026-04-03", "close": 170.42, "volume": 939155, "typical_volume": 860071.9, "trend": 160.293478, "fair_value": 152.083915, "relative_strength": 3.575947, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.472734, "energy": 21.867538, "activity_lines": [ 167.951333, 170.708909, 168.592133, 164.967958 ] }, { "date": "2026-04-10", "close": 174.93, "volume": 834021, "typical_volume": 861177.0, "trend": 160.944891, "fair_value": 152.406695, "relative_strength": 2.245984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.382913, "energy": 21.169638, "activity_lines": [ 170.015333, 171.231455, 169.545836, 165.91225 ] }, { "date": "2026-04-17", "close": 177.66, "volume": 1003132, "typical_volume": 876983.4, "trend": 161.681341, "fair_value": 152.736474, "relative_strength": -1.600614, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.659645, "energy": 34.545772, "activity_lines": [ 173.012667, 172.163818, 170.662316, 166.990644 ] }, { "date": "2026-04-24", "close": 173.78, "volume": 1193001, "typical_volume": 896128.25, "trend": 162.501816, "fair_value": 153.024216, "relative_strength": -5.415507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.405835, "energy": 34.799842, "activity_lines": [ 174.141333, 172.308909, 171.302598, 167.771203 ] }, { "date": "2026-05-01", "close": 161.52, "volume": 1320630, "typical_volume": 913164.7, "trend": 163.075631, "fair_value": 153.251854, "relative_strength": -12.878228, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.108096, "energy": 14.414951, "activity_lines": [ 170.398667, 170.352727, 170.660037, 167.70786 ] }, { "date": "2026-05-08", "close": 160.97, "volume": 924937, "typical_volume": 871796.95, "trend": 163.649335, "fair_value": 153.49439, "relative_strength": -17.063146, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.27881, "energy": 6.150221, "activity_lines": [ 166.834667, 168.474364, 169.93419, 167.572013 ] }, { "date": "2026-05-15", "close": 159.02, "volume": 738364, "typical_volume": 883332.5, "trend": 164.060304, "fair_value": 153.732978, "relative_strength": -17.23306, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.360679, "energy": 25.757454, "activity_lines": [ 163.250667, 166.613455, 168.995857, 167.273346 ] }, { "date": "2026-05-22", "close": 161.75, "volume": 740510, "typical_volume": 894261.6, "trend": 164.261119, "fair_value": 153.999503, "relative_strength": -16.229789, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.238173, "energy": 32.236955, "activity_lines": [ 161.637333, 165.544545, 168.310095, 167.124294 ] }, { "date": "2026-05-29", "close": 156.73, "volume": 702283, "typical_volume": 890786.5, "trend": 164.4036, "fair_value": 154.169021, "relative_strength": -20.499131, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.227159, "energy": 52.573508, "activity_lines": [ 159.411333, 163.695273, 167.109429, 166.638416 ] }, { "date": "2026-06-05", "close": 159.91, "volume": 1362629, "typical_volume": 919937.0, "trend": 164.679579, "fair_value": 154.354648, "relative_strength": -14.530786, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.274754, "energy": 50.250203, "activity_lines": [ 159.382, 162.520182, 166.228476, 166.348506 ] }, { "date": "2026-06-12", "close": 165.04, "volume": 839998, "typical_volume": 924918.35, "trend": 164.987741, "fair_value": 154.553415, "relative_strength": -13.295949, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.680331, "energy": 24.83922, "activity_lines": [ 161.17, 162.405818, 165.878143, 166.371759 ] }, { "date": "2026-06-19", "close": 165.92, "volume": 1263031, "typical_volume": 953181.2, "trend": 165.367975, "fair_value": 154.805989, "relative_strength": -14.658808, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.97664, "energy": 13.499568, "activity_lines": [ 162.98, 162.549273, 165.623524, 166.431905 ] }, { "date": "2026-06-26", "close": 171.22, "volume": 1526030, "typical_volume": 993163.0, "trend": 165.900029, "fair_value": 155.055878, "relative_strength": -7.473295, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 12.231374, "energy": 13.116319, "activity_lines": [ 166.096667, 163.820182, 165.893905, 166.809455 ] }, { "date": "2026-07-03", "close": 168.8, "volume": 1168532, "typical_volume": 1004854.55, "trend": 166.540589, "fair_value": 155.32509, "relative_strength": -9.165309, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.953921, "energy": 16.734309, "activity_lines": [ 167.775333, 164.768182, 165.943048, 166.99655 ] }, { "date": "2026-07-10", "close": 162.15, "volume": 1411102, "typical_volume": 1039995.0, "trend": 166.777929, "fair_value": 155.542304, "relative_strength": -13.904766, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.182234, "energy": 20.454759, "activity_lines": [ 166.432667, 164.597636, 165.416048, 166.713286 ] }, { "date": "2026-07-17", "close": 163.35, "volume": 995879, "typical_volume": 1043962.4, "trend": 167.044667, "fair_value": 155.761992, "relative_strength": -9.256183, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.901502, "energy": 16.623387, "activity_lines": [ 165.340667, 164.633818, 165.046905, 166.492129 ] }, { "date": "2026-07-24", "close": 162.81, "volume": 774912, "typical_volume": 1041417.4, "trend": 167.223, "fair_value": 155.982871, "relative_strength": -7.923567, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.514751, "energy": 21.123914, "activity_lines": [ 164.181333, 164.528545, 164.712429, 166.218925 ] }, { "date": "2026-07-31", "close": 167.56, "volume": 1232513, "typical_volume": 1061267.6, "trend": 167.674333, "fair_value": 156.212003, "relative_strength": -5.540609, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.102394, "energy": 15.556956, "activity_lines": [ 164.812667, 165.218, 164.889714, 166.240667 ] }, { "date": "2026-08-07", "close": 179.43, "volume": 1161546, "typical_volume": 1051177.35, "trend": 168.313, "fair_value": 156.494965, "relative_strength": -3.546149, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.989716, "energy": 29.907276, "activity_lines": [ 169.644667, 167.96, 166.204476, 166.999097 ] } ], "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." } } }