{ "ticker": { "uuid": "f9c5f5b4-a0a1-4d69-97b8-31f3beaa4307", "symbol": "SAM", "name": "Boston Beer Company Inc", "exchange": "NYSE", "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": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -42.622, "architecture_energy": 28.668, "architecture_maturity": 49.626, "architecture_confidence": 81.665, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 38.13, "rotation_up": 25.98, "upward_expansion": 19.74, "deceleration": 42.97, "rotation_down": 36.92, "downward_expansion": 60.74 }, "activity_lines": [ 182.712667, 182.015455, 186.874, 196.984559 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 186.61, "trend_reference": 208.360667, "distance_from_trend": -0.10439, "trend_direction": "Weakening", "fair_value": 263.093526, "distance_from_fair_value": -0.290709, "fair_value_direction": "Weakening", "relative_strength": -21.042303, "relative_strength_direction": "Weakening", "price_momentum": -0.243759, "excess_performance": -0.369384, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.10439, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.029416, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.290709, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.00729, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.210423, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.015218, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.243759, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.498055, "read": "Demand-led" } ], "volume": { "latest": 1062367, "relative_activity": 0.769782, "balance": 1.498055, "dry_up": 1.177791, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.092222, "annualized_volatility": 0.412059, "from_high_reference": -0.294373, "from_low_reference": 0.176015 }, "levels": { "trend_reference": 208.360667, "fair_value_reference": 263.093526, "structural_low": 158.68, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 40, "median_return": -0.012695, "positive_rate": 0.45, "directional_follow_through": 0.55, "median_excess_return": -0.020705, "regime_survival": 0.8, "best_return": 0.209288, "worst_return": -0.198604, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.011603, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.028246, "regime_survival": 0.642857, "best_return": 0.199959, "worst_return": -0.306366, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.097951, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.105069, "regime_survival": 0.625, "best_return": 0.201782, "worst_return": -0.399775, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.134543, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.305276, "regime_survival": 0.5, "best_return": -0.037668, "worst_return": -0.464183, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.031927, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": -0.053619, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-03", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": -0.065222, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-08-29", "tenure": "Extended", "return": -0.047477, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-11-14", "tenure": "Developing", "return": -0.126581, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-01-30", "tenure": "Developing", "return": 0.090788, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": -0.047658, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": 0.020813, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.152323, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": -0.126483, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": -0.114574, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": -0.043188, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.059622, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 362.74, "volume": 477395, "typical_volume": 625403.95, "trend": 331.307667, "fair_value": 584.351346, "relative_strength": -2.21661, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.658348, "energy": 60.612076, "activity_lines": [ 356.240667, 340.126909, 331.543095, 328.923204 ] }, { "date": "2023-08-25", "close": 355.42, "volume": 373307, "typical_volume": 622934.15, "trend": 330.078667, "fair_value": 580.998718, "relative_strength": -4.80646, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.964099, "energy": 72.333258, "activity_lines": [ 358.451333, 344.523273, 334.309333, 330.478839 ] }, { "date": "2023-09-01", "close": 367.5, "volume": 281950, "typical_volume": 604285.2, "trend": 328.895667, "fair_value": 578.159679, "relative_strength": -3.92565, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.31614, "energy": 75.129265, "activity_lines": [ 361.205333, 350.705455, 338.053905, 332.893118 ] }, { "date": "2023-09-08", "close": 374.92, "volume": 395489, "typical_volume": 603999.1, "trend": 329.393667, "fair_value": 575.104615, "relative_strength": -0.705697, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.58088, "energy": 72.938627, "activity_lines": [ 366.339333, 357.240364, 342.293857, 335.86243 ] }, { "date": "2023-09-15", "close": 371.56, "volume": 508734, "typical_volume": 586859.4, "trend": 330.811, "fair_value": 571.862308, "relative_strength": -1.418025, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.375645, "energy": 59.535266, "activity_lines": [ 368.904, 361.955636, 345.962571, 338.582839 ] }, { "date": "2023-09-22", "close": 378.31, "volume": 387548, "typical_volume": 575519.5, "trend": 332.353667, "fair_value": 568.673462, "relative_strength": 3.388262, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.429743, "energy": 64.248664, "activity_lines": [ 372.864667, 366.820545, 350.016762, 341.64729 ] }, { "date": "2023-09-29", "close": 389.53, "volume": 515674, "typical_volume": 578129.8, "trend": 334.7, "fair_value": 565.528782, "relative_strength": 7.209299, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.826176, "energy": 69.868234, "activity_lines": [ 379.527333, 372.341455, 354.815714, 345.336086 ] }, { "date": "2023-10-06", "close": 360.65, "volume": 659388, "typical_volume": 582692.1, "trend": 336.322667, "fair_value": 561.954808, "relative_strength": -0.947877, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.579929, "energy": 44.897642, "activity_lines": [ 374.289333, 371.041273, 356.476619, 347.01028 ] }, { "date": "2023-10-13", "close": 349.24, "volume": 538011, "typical_volume": 585841.45, "trend": 337.623667, "fair_value": 558.124038, "relative_strength": -4.110944, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.576257, "energy": 29.614647, "activity_lines": [ 365.704667, 367.765636, 356.88381, 347.843656 ] }, { "date": "2023-10-20", "close": 369.48, "volume": 554028, "typical_volume": 580716.1, "trend": 339.093333, "fair_value": 553.498269, "relative_strength": 4.440231, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.799327, "energy": 24.540486, "activity_lines": [ 365.578667, 368.241636, 359.069143, 349.898903 ] }, { "date": "2023-10-27", "close": 319.64, "volume": 845767, "typical_volume": 599430.5, "trend": 338.791333, "fair_value": 548.885833, "relative_strength": -6.858381, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 3.717645, "energy": 15.957825, "activity_lines": [ 348.978, 359.460727, 356.380095, 348.643849 ] }, { "date": "2023-11-03", "close": 338.13, "volume": 733584, "typical_volume": 611291.9, "trend": 339.42, "fair_value": 544.245641, "relative_strength": -6.404898, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.29406, "energy": 19.258682, "activity_lines": [ 342.452, 354.825273, 355.494143, 348.601183 ] }, { "date": "2023-11-10", "close": 336.7, "volume": 408595, "typical_volume": 608953.75, "trend": 339.872333, "fair_value": 540.394167, "relative_strength": -7.439312, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.796479, "energy": 23.9246, "activity_lines": [ 338.876, 350.244182, 354.44681, 348.425699 ] }, { "date": "2023-11-17", "close": 340.87, "volume": 474978, "typical_volume": 599747.05, "trend": 340.496, "fair_value": 536.564487, "relative_strength": -7.958813, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.745219, "energy": 26.045443, "activity_lines": [ 338.286667, 346.981273, 353.682333, 348.490065 ] }, { "date": "2023-11-24", "close": 341.32, "volume": 291119, "typical_volume": 591172.15, "trend": 341.289667, "fair_value": 532.972692, "relative_strength": -8.315718, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.560667, "energy": 26.597852, "activity_lines": [ 338.405333, 344.419273, 352.806286, 348.543226 ] }, { "date": "2023-12-01", "close": 356.09, "volume": 571125, "typical_volume": 582340.2, "trend": 342.815667, "fair_value": 529.261859, "relative_strength": -4.703212, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.54118, "energy": 13.087373, "activity_lines": [ 345.324667, 345.092545, 353.198667, 349.498086 ] }, { "date": "2023-12-08", "close": 346.03, "volume": 359914, "typical_volume": 564444.65, "trend": 344.078667, "fair_value": 525.453269, "relative_strength": -7.223118, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.633598, "energy": 10.839194, "activity_lines": [ 346.460667, 344.340727, 352.376286, 349.705462 ] }, { "date": "2023-12-15", "close": 345.73, "volume": 555314, "typical_volume": 517632.35, "trend": 344.750667, "fair_value": 521.486603, "relative_strength": -9.098842, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.139047, "energy": 6.275958, "activity_lines": [ 346.97, 344.325273, 351.321238, 349.812 ] }, { "date": "2023-12-22", "close": 350.07, "volume": 469199, "typical_volume": 499218.0, "trend": 345.824667, "fair_value": 517.224679, "relative_strength": -8.467314, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.211395, "energy": 8.495633, "activity_lines": [ 348.324, 345.370182, 350.776524, 350.155183 ] }, { "date": "2023-12-29", "close": 345.59, "volume": 290164, "typical_volume": 484564.15, "trend": 345.922333, "fair_value": 513.066346, "relative_strength": -9.63629, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.280785, "energy": 2.17436, "activity_lines": [ 347.571333, 345.585455, 349.819952, 350.140043 ] }, { "date": "2024-01-05", "close": 327.25, "volume": 754836, "typical_volume": 498436.2, "trend": 345.881, "fair_value": 508.750705, "relative_strength": -12.745479, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.420245, "energy": 21.682472, "activity_lines": [ 340.420667, 342.900545, 347.179381, 348.935376 ] }, { "date": "2024-01-12", "close": 351.91, "volume": 678357, "typical_volume": 513688.7, "trend": 346.516667, "fair_value": 505.191026, "relative_strength": -7.510806, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.944044, "energy": 9.16094, "activity_lines": [ 343.412667, 344.560909, 347.056381, 349.324344 ] }, { "date": "2024-01-19", "close": 357.59, "volume": 452858, "typical_volume": 522234.1, "trend": 348.013, "fair_value": 501.520513, "relative_strength": -6.75894, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.69499, "energy": 5.229177, "activity_lines": [ 347.906, 347.003455, 347.491048, 350.038753 ] }, { "date": "2024-01-26", "close": 359.4, "volume": 428498, "typical_volume": 523884.55, "trend": 349.711667, "fair_value": 497.946859, "relative_strength": -6.69275, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.35987, "energy": 17.197826, "activity_lines": [ 352.212, 349.395273, 348.145286, 350.773398 ] }, { "date": "2024-02-02", "close": 357.07, "volume": 485406, "typical_volume": 522718.15, "trend": 351.204333, "fair_value": 493.034936, "relative_strength": -7.994653, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.593056, "energy": 25.937415, "activity_lines": [ 355.119333, 351.026545, 348.651524, 351.248129 ] }, { "date": "2024-02-09", "close": 350.27, "volume": 432124, "typical_volume": 524946.95, "trend": 352.807, "fair_value": 487.798654, "relative_strength": -10.548945, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.724578, "energy": 24.904347, "activity_lines": [ 354.994667, 351.135091, 348.579143, 351.187849 ] }, { "date": "2024-02-16", "close": 351.92, "volume": 453548, "typical_volume": 521840.65, "trend": 354.432, "fair_value": 482.919103, "relative_strength": -9.565793, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -6.189622, "energy": 19.45364, "activity_lines": [ 353.885333, 351.649455, 348.797429, 351.130624 ] }, { "date": "2024-02-23", "close": 354.43, "volume": 429250, "typical_volume": 510333.75, "trend": 354.043, "fair_value": 478.596795, "relative_strength": -10.07783, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -6.667331, "energy": 8.580577, "activity_lines": [ 353.612, 352.513091, 349.433857, 351.130495 ] }, { "date": "2024-03-01", "close": 304.48, "volume": 1769138, "typical_volume": 571890.1, "trend": 352.419667, "fair_value": 473.572179, "relative_strength": -23.10752, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.86754, "energy": 47.994092, "activity_lines": [ 336.899333, 344.136727, 345.342762, 347.932882 ] }, { "date": "2024-03-08", "close": 298.81, "volume": 694401, "typical_volume": 578908.75, "trend": 350.421667, "fair_value": 468.526026, "relative_strength": -23.924001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.634362, "energy": 76.1239, "activity_lines": [ 321.958, 335.558364, 340.92481, 344.474194 ] }, { "date": "2024-03-15", "close": 295.1, "volume": 718689, "typical_volume": 572554.85, "trend": 348.167, "fair_value": 463.329615, "relative_strength": -24.394293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.394921, "energy": 85.780576, "activity_lines": [ 309.664, 327.156, 336.490048, 340.905054 ] }, { "date": "2024-03-22", "close": 307.12, "volume": 852074, "typical_volume": 578479.35, "trend": 346.557, "fair_value": 457.8625, "relative_strength": -22.556227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.805619, "energy": 81.220142, "activity_lines": [ 305.054667, 321.523636, 333.316905, 338.25686 ] }, { "date": "2024-03-29", "close": 304.42, "volume": 523464, "typical_volume": 584222.8, "trend": 344.454333, "fair_value": 452.219808, "relative_strength": -23.057667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.375995, "energy": 79.580049, "activity_lines": [ 302.532, 316.214727, 330.034286, 335.538344 ] }, { "date": "2024-04-05", "close": 294.75, "volume": 593435, "typical_volume": 590145.65, "trend": 341.782, "fair_value": 446.076538, "relative_strength": -24.406274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.648119, "energy": 78.681986, "activity_lines": [ 300.12, 310.114364, 325.984429, 332.331613 ] }, { "date": "2024-04-12", "close": 285.65, "volume": 639880, "typical_volume": 607583.7, "trend": 338.918333, "fair_value": 439.606795, "relative_strength": -25.202376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.367899, "energy": 73.143105, "activity_lines": [ 295.323333, 303.534909, 321.287524, 328.710194 ] }, { "date": "2024-04-19", "close": 286.98, "volume": 701943, "typical_volume": 614124.6, "trend": 335.874, "fair_value": 433.216282, "relative_strength": -22.045094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.087019, "energy": 67.322863, "activity_lines": [ 291.847333, 298.495818, 316.982381, 325.359333 ] }, { "date": "2024-04-26", "close": 283.2, "volume": 1075863, "typical_volume": 649922.05, "trend": 332.329667, "fair_value": 427.233654, "relative_strength": -24.631023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.535606, "energy": 60.137385, "activity_lines": [ 287.652667, 293.920182, 312.646333, 321.961011 ] }, { "date": "2024-05-03", "close": 277.28, "volume": 1166300, "typical_volume": 680471.35, "trend": 329.550667, "fair_value": 421.862692, "relative_strength": -26.220338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.789835, "energy": 64.994998, "activity_lines": [ 283.079333, 289.517636, 308.045667, 318.409419 ] }, { "date": "2024-05-10", "close": 291.16, "volume": 1402134, "typical_volume": 727118.1, "trend": 327.614667, "fair_value": 416.623846, "relative_strength": -23.54649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.018816, "energy": 51.355385, "activity_lines": [ 284.942, 289.041455, 305.092857, 315.932602 ] }, { "date": "2024-05-17", "close": 280.33, "volume": 1139843, "typical_volume": 769602.05, "trend": 324.643, "fair_value": 411.719615, "relative_strength": -27.089547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.215726, "energy": 49.37549, "activity_lines": [ 283.434, 286.838364, 301.389143, 312.881978 ] }, { "date": "2024-05-24", "close": 260.75, "volume": 900926, "typical_volume": 776906.55, "trend": 322.68, "fair_value": 406.608013, "relative_strength": -31.682783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.238409, "energy": 55.561878, "activity_lines": [ 275.754, 281.411273, 296.131429, 308.759849 ] }, { "date": "2024-05-31", "close": 313.67, "volume": 2457788, "typical_volume": 865878.1, "trend": 321.864667, "fair_value": 401.527115, "relative_strength": -17.01322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.204389, "energy": 28.198004, "activity_lines": [ 287.462667, 286.230545, 296.230381, 308.178559 ] }, { "date": "2024-06-07", "close": 291.53, "volume": 1627967, "typical_volume": 924633.55, "trend": 320.359, "fair_value": 396.8, "relative_strength": -23.358214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.96789, "energy": 26.160679, "activity_lines": [ 289.76, 286.905273, 294.402857, 306.221484 ] }, { "date": "2024-06-14", "close": 284.87, "volume": 685492, "typical_volume": 937483.25, "trend": 318.492333, "fair_value": 392.407628, "relative_strength": -25.837156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.126081, "energy": 24.100722, "activity_lines": [ 288.887333, 286.603455, 292.255619, 303.931871 ] }, { "date": "2024-06-21", "close": 297.24, "volume": 612864, "typical_volume": 943856.15, "trend": 317.023, "fair_value": 387.676987, "relative_strength": -22.721481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.302294, "energy": 20.464571, "activity_lines": [ 292.557333, 288.730364, 291.641381, 302.560753 ] }, { "date": "2024-06-28", "close": 305.05, "volume": 824735, "typical_volume": 963486.7, "trend": 315.321667, "fair_value": 383.518013, "relative_strength": -20.334084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.456396, "energy": 10.636177, "activity_lines": [ 297.703333, 292.066545, 292.055857, 301.788301 ] }, { "date": "2024-07-05", "close": 295.07, "volume": 342509, "typical_volume": 957934.75, "trend": 313.623, "fair_value": 379.16859, "relative_strength": -23.993209, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.843675, "energy": 10.542257, "activity_lines": [ 296.569333, 293.259636, 291.73519, 300.481742 ] }, { "date": "2024-07-12", "close": 288.27, "volume": 539347, "typical_volume": 963439.6, "trend": 311.707667, "fair_value": 375.08641, "relative_strength": -26.114628, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.157642, "energy": 12.318497, "activity_lines": [ 294.408667, 293.000545, 291.037619, 298.846065 ] }, { "date": "2024-07-19", "close": 279.29, "volume": 528028, "typical_volume": 901384.1, "trend": 309.348333, "fair_value": 372.383141, "relative_strength": -26.635354, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.994383, "energy": 20.341325, "activity_lines": [ 289.472, 290.908909, 289.799857, 296.754602 ] }, { "date": "2024-07-26", "close": 290.91, "volume": 1132356, "typical_volume": 923281.85, "trend": 307.525667, "fair_value": 369.696667, "relative_strength": -22.345279, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.08074, "energy": 19.732024, "activity_lines": [ 288.780667, 291.145818, 289.788714, 295.565032 ] }, { "date": "2024-08-02", "close": 279.17, "volume": 703086, "typical_volume": 922501.7, "trend": 305.923, "fair_value": 367.276474, "relative_strength": -23.269853, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.005869, "energy": 26.592404, "activity_lines": [ 284.598, 289.055818, 288.697095, 293.735634 ] }, { "date": "2024-08-09", "close": 271.24, "volume": 534578, "typical_volume": 906626.9, "trend": 303.234, "fair_value": 364.951987, "relative_strength": -24.810935, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.11538, "energy": 44.558987, "activity_lines": [ 279.497333, 285.189091, 286.926095, 291.498022 ] }, { "date": "2024-08-16", "close": 282.29, "volume": 516109, "typical_volume": 906259.15, "trend": 300.724, "fair_value": 362.991538, "relative_strength": -24.037901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.393421, "energy": 37.287894, "activity_lines": [ 279.668667, 284.102909, 286.378333, 290.146796 ] }, { "date": "2024-08-23", "close": 281.86, "volume": 393923, "typical_volume": 896283.55, "trend": 298.139333, "fair_value": 361.047628, "relative_strength": -24.520722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.119366, "energy": 35.467029, "activity_lines": [ 280.095333, 283.106545, 285.895, 288.929763 ] }, { "date": "2024-08-30", "close": 271.72, "volume": 555238, "typical_volume": 892051.45, "trend": 295.294333, "fair_value": 359.18359, "relative_strength": -26.706483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.241502, "energy": 47.739673, "activity_lines": [ 276.970667, 280.321273, 284.507333, 287.22529 ] }, { "date": "2024-09-06", "close": 284.35, "volume": 389814, "typical_volume": 876445.0, "trend": 293.097, "fair_value": 357.526731, "relative_strength": -19.216824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.029207, "energy": 27.268952, "activity_lines": [ 279.335333, 280.296364, 284.388857, 286.519204 ] }, { "date": "2024-09-13", "close": 269.34, "volume": 748429, "typical_volume": 860073.3, "trend": 290.344333, "fair_value": 355.938782, "relative_strength": -25.621747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.886956, "energy": 36.951696, "activity_lines": [ 276.351333, 277.918727, 282.853381, 284.986495 ] }, { "date": "2024-09-20", "close": 269.6, "volume": 704553, "typical_volume": 836985.95, "trend": 287.516667, "fair_value": 354.368333, "relative_strength": -25.672045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.792203, "energy": 45.493767, "activity_lines": [ 273.580667, 276.056182, 281.408667, 283.648151 ] }, { "date": "2024-09-27", "close": 283.5, "volume": 737765, "typical_volume": 803767.5, "trend": 286.817333, "fair_value": 352.923205, "relative_strength": -21.266211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.82712, "energy": 25.253116, "activity_lines": [ 276.289333, 277.060364, 281.324333, 283.389011 ] }, { "date": "2024-10-04", "close": 280.42, "volume": 631153, "typical_volume": 778333.0, "trend": 286.204333, "fair_value": 351.273269, "relative_strength": -21.460035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.63887, "energy": 20.825163, "activity_lines": [ 277.862, 277.428, 280.983143, 282.97628 ] }, { "date": "2024-10-11", "close": 273.74, "volume": 586925, "typical_volume": 762632.95, "trend": 285.492333, "fair_value": 349.750064, "relative_strength": -23.381096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.010698, "energy": 23.138484, "activity_lines": [ 276.628, 276.771818, 280.005333, 282.172129 ] }, { "date": "2024-10-18", "close": 298.81, "volume": 682727, "typical_volume": 673879.9, "trend": 285.215333, "fair_value": 348.296026, "relative_strength": -16.091433, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.51073, "energy": 10.779358, "activity_lines": [ 284.458, 280.772545, 281.353286, 283.031333 ] }, { "date": "2024-10-25", "close": 295.96, "volume": 855397, "typical_volume": 635251.4, "trend": 284.933333, "fair_value": 347.036282, "relative_strength": -15.352951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.728379, "energy": 19.440985, "activity_lines": [ 289.373333, 283.753818, 282.500571, 283.724538 ] }, { "date": "2024-11-01", "close": 294.94, "volume": 601925, "typical_volume": 631073.05, "trend": 284.939667, "fair_value": 345.704423, "relative_strength": -13.715677, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.887279, "energy": 30.200204, "activity_lines": [ 292.191333, 286.301091, 283.529619, 284.370129 ] }, { "date": "2024-11-08", "close": 308.35, "volume": 553414, "typical_volume": 628100.55, "trend": 285.696333, "fair_value": 344.606346, "relative_strength": -13.164134, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.73559, "energy": 59.878467, "activity_lines": [ 298.716667, 291.048727, 285.787857, 285.880473 ] }, { "date": "2024-11-15", "close": 318.17, "volume": 654212, "typical_volume": 619574.4, "trend": 286.736, "fair_value": 343.666731, "relative_strength": -7.829191, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.965082, "energy": 73.720588, "activity_lines": [ 306.653333, 296.915818, 288.928429, 287.975548 ] }, { "date": "2024-11-22", "close": 312.8, "volume": 634914, "typical_volume": 634194.65, "trend": 287.722667, "fair_value": 342.7575, "relative_strength": -10.182469, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.32198, "energy": 71.229769, "activity_lines": [ 309.838, 301.191636, 291.495095, 289.657097 ] }, { "date": "2024-11-29", "close": 316.24, "volume": 320662, "typical_volume": 623260.4, "trend": 289.021333, "fair_value": 341.833397, "relative_strength": -9.477812, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.962557, "energy": 74.816192, "activity_lines": [ 313.236667, 305.302727, 294.304952, 291.496925 ] }, { "date": "2024-12-06", "close": 314.81, "volume": 438283, "typical_volume": 618773.15, "trend": 289.809667, "fair_value": 340.575449, "relative_strength": -9.937594, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.394203, "energy": 71.219399, "activity_lines": [ 314.806667, 308.305818, 296.845429, 293.16071 ] }, { "date": "2024-12-13", "close": 315.01, "volume": 386749, "typical_volume": 581492.8, "trend": 290.965667, "fair_value": 339.185769, "relative_strength": -8.66461, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.895156, "energy": 59.898449, "activity_lines": [ 315.118667, 310.776, 299.23581, 294.786538 ] }, { "date": "2024-12-20", "close": 302.77, "volume": 690514, "typical_volume": 580864.2, "trend": 292.366333, "fair_value": 337.762051, "relative_strength": -9.855922, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.716963, "energy": 40.174597, "activity_lines": [ 310.906667, 310.391818, 300.345714, 295.548108 ] }, { "date": "2024-12-27", "close": 301.11, "volume": 340007, "typical_volume": 571135.65, "trend": 291.947667, "fair_value": 336.454423, "relative_strength": -10.231871, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.439825, "energy": 26.82182, "activity_lines": [ 307.168, 309.178, 301.185143, 296.112215 ] }, { "date": "2025-01-03", "close": 289.72, "volume": 461843, "typical_volume": 568422.35, "trend": 291.887333, "fair_value": 334.998269, "relative_strength": -12.527826, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.926441, "energy": 18.002025, "activity_lines": [ 300.412, 305.851455, 300.797571, 295.968495 ] }, { "date": "2025-01-10", "close": 256.05, "volume": 973800, "typical_volume": 597416.2, "trend": 290.926667, "fair_value": 333.759295, "relative_strength": -20.327661, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -39.849176, "energy": 37.114413, "activity_lines": [ 284.200667, 296.516545, 297.167952, 293.656409 ] }, { "date": "2025-01-17", "close": 252.43, "volume": 889910, "typical_volume": 614149.8, "trend": 289.433, "fair_value": 332.534872, "relative_strength": -22.820218, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.24319, "energy": 62.432729, "activity_lines": [ 270.7, 287.230545, 293.316476, 291.172753 ] }, { "date": "2025-01-24", "close": 248.42, "volume": 868070, "typical_volume": 638062.6, "trend": 287.545333, "fair_value": 331.395513, "relative_strength": -24.446448, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.134133, "energy": 74.597843, "activity_lines": [ 260.034667, 278.232182, 289.174952, 288.526753 ] }, { "date": "2025-01-31", "close": 250.67, "volume": 749448, "typical_volume": 638113.55, "trend": 286.065333, "fair_value": 330.316218, "relative_strength": -22.110514, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.319912, "energy": 77.931067, "activity_lines": [ 253.742667, 270.911091, 285.41881, 286.147699 ] }, { "date": "2025-02-07", "close": 239.35, "volume": 722146, "typical_volume": 638993.2, "trend": 284.434667, "fair_value": 329.077949, "relative_strength": -24.659622, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.369897, "energy": 91.95171, "activity_lines": [ 247.04, 262.661455, 280.673476, 283.133806 ] }, { "date": "2025-02-14", "close": 232.11, "volume": 1050913, "typical_volume": 654650.6, "trend": 282.862, "fair_value": 328.14109, "relative_strength": -27.126522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.554907, "energy": 92.284788, "activity_lines": [ 241.282, 254.493455, 275.382667, 279.758022 ] }, { "date": "2025-02-21", "close": 227.32, "volume": 846657, "typical_volume": 665425.8, "trend": 280.742333, "fair_value": 327.158974, "relative_strength": -26.583028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.483007, "energy": 91.182968, "activity_lines": [ 235.523333, 246.958182, 269.880381, 276.174667 ] }, { "date": "2025-02-28", "close": 243.77, "volume": 1933339, "typical_volume": 732746.5, "trend": 279.562333, "fair_value": 326.310513, "relative_strength": -19.937052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.983317, "energy": 73.24677, "activity_lines": [ 236.922, 244.008182, 266.197619, 273.789355 ] }, { "date": "2025-03-07", "close": 239.14, "volume": 1377805, "typical_volume": 767500.4, "trend": 278.492333, "fair_value": 325.621538, "relative_strength": -18.42811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.338833, "energy": 59.456413, "activity_lines": [ 237.087333, 241.289091, 262.216619, 271.181462 ] }, { "date": "2025-03-14", "close": 228.85, "volume": 1186226, "typical_volume": 784041.85, "trend": 276.711, "fair_value": 324.514038, "relative_strength": -19.579562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.782278, "energy": 58.82167, "activity_lines": [ 234.591333, 237.825818, 257.539762, 267.978731 ] }, { "date": "2025-03-21", "close": 227.96, "volume": 1214947, "typical_volume": 814692.95, "trend": 274.914333, "fair_value": 323.51891, "relative_strength": -19.711968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.903004, "energy": 54.794902, "activity_lines": [ 232.498667, 235.307455, 253.097714, 264.833505 ] }, { "date": "2025-03-28", "close": 239.37, "volume": 773596, "typical_volume": 825702.05, "trend": 273.836, "fair_value": 322.545962, "relative_strength": -13.909466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.487881, "energy": 48.507815, "activity_lines": [ 234.486, 235.374364, 250.061286, 262.540323 ] }, { "date": "2025-04-04", "close": 244.86, "volume": 1123838, "typical_volume": 849183.35, "trend": 272.519667, "fair_value": 321.696795, "relative_strength": -2.813775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.02136, "energy": 39.767261, "activity_lines": [ 237.5, 236.676909, 247.87619, 260.670903 ] }, { "date": "2025-04-11", "close": 245.58, "volume": 1076041, "typical_volume": 871239.7, "trend": 271.727667, "fair_value": 320.92641, "relative_strength": -7.380155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.584397, "energy": 32.807273, "activity_lines": [ 240.681333, 238.175091, 246.108762, 258.93286 ] }, { "date": "2025-04-18", "close": 239.36, "volume": 483647, "typical_volume": 879388.95, "trend": 270.719667, "fair_value": 320.212692, "relative_strength": -7.96342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.413268, "energy": 26.47848, "activity_lines": [ 241.36, 238.634909, 244.069048, 256.844624 ] }, { "date": "2025-04-25", "close": 247.89, "volume": 1067554, "typical_volume": 910852.5, "trend": 269.532667, "fair_value": 319.397885, "relative_strength": -8.471333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.820712, "energy": 20.199118, "activity_lines": [ 244.181333, 240.645455, 243.20781, 255.371742 ] }, { "date": "2025-05-02", "close": 239.56, "volume": 986902, "typical_volume": 940860.15, "trend": 268.170667, "fair_value": 318.54641, "relative_strength": -13.635632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.620722, "energy": 20.84146, "activity_lines": [ 242.897333, 240.854545, 241.871905, 253.438022 ] }, { "date": "2025-05-09", "close": 242.56, "volume": 538730, "typical_volume": 933270.95, "trend": 267.131333, "fair_value": 317.804551, "relative_strength": -11.706225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.476496, "energy": 17.587814, "activity_lines": [ 242.600667, 241.386545, 241.181, 251.78572 ] }, { "date": "2025-05-16", "close": 249.73, "volume": 635004, "typical_volume": 948020.8, "trend": 265.495333, "fair_value": 317.295064, "relative_strength": -13.267254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.663173, "energy": 12.78137, "activity_lines": [ 244.847333, 243.244182, 241.459667, 250.663054 ] }, { "date": "2025-05-23", "close": 232.06, "volume": 500680, "typical_volume": 949962.65, "trend": 263.365333, "fair_value": 316.48609, "relative_strength": -16.981051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.318384, "energy": 25.552312, "activity_lines": [ 240.927333, 241.696545, 240.300143, 248.505935 ] }, { "date": "2025-05-30", "close": 229.85, "volume": 828896, "typical_volume": 942717.45, "trend": 261.195667, "fair_value": 315.732628, "relative_strength": -18.516497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.710005, "energy": 30.470396, "activity_lines": [ 236.757333, 239.688727, 239.204714, 246.343656 ] }, { "date": "2025-06-06", "close": 221.5, "volume": 1039643, "typical_volume": 950204.1, "trend": 258.300667, "fair_value": 315.139038, "relative_strength": -22.181759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.971575, "energy": 52.813375, "activity_lines": [ 231.006667, 236.128364, 237.43881, 243.782645 ] }, { "date": "2025-06-13", "close": 208.51, "volume": 1039109, "typical_volume": 958756.05, "trend": 254.645333, "fair_value": 314.573782, "relative_strength": -25.936524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.149477, "energy": 76.655033, "activity_lines": [ 222.13, 230.531091, 234.583048, 240.570344 ] }, { "date": "2025-06-20", "close": 198.17, "volume": 1287269, "typical_volume": 985647.1, "trend": 250.824333, "fair_value": 313.656346, "relative_strength": -28.86205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.119424, "energy": 86.714586, "activity_lines": [ 212.076667, 223.714727, 230.932571, 236.926774 ] }, { "date": "2025-06-27", "close": 190.17, "volume": 1426518, "typical_volume": 1020865.7, "trend": 246.622, "fair_value": 312.858782, "relative_strength": -33.31773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.704429, "energy": 92.087619, "activity_lines": [ 202.794, 216.305818, 226.77019, 233.013591 ] }, { "date": "2025-07-04", "close": 201.08, "volume": 1608618, "typical_volume": 1048750.95, "trend": 242.831, "fair_value": 312.113077, "relative_strength": -30.038511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.133731, "energy": 84.257224, "activity_lines": [ 199.940667, 211.774909, 223.881048, 230.075398 ] }, { "date": "2025-07-11", "close": 194.98, "volume": 1404131, "typical_volume": 1076624.65, "trend": 238.83, "fair_value": 311.299295, "relative_strength": -31.375053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.672005, "energy": 85.732609, "activity_lines": [ 196.972, 206.986, 220.558714, 226.988237 ] }, { "date": "2025-07-18", "close": 192.24, "volume": 965361, "typical_volume": 1028225.75, "trend": 235.145667, "fair_value": 310.243205, "relative_strength": -32.168723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.148011, "energy": 77.548542, "activity_lines": [ 194.858, 202.509455, 217.129429, 223.98243 ] }, { "date": "2025-07-25", "close": 215.0, "volume": 1669243, "typical_volume": 1042797.65, "trend": 232.275333, "fair_value": 309.182756, "relative_strength": -24.618256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.206151, "energy": 48.978487, "activity_lines": [ 201.415333, 203.086, 216.113143, 222.68271 ] }, { "date": "2025-08-01", "close": 209.51, "volume": 1779684, "typical_volume": 1072470.55, "trend": 229.601667, "fair_value": 308.116346, "relative_strength": -24.095374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.465837, "energy": 37.233701, "activity_lines": [ 205.020667, 203.295818, 214.688952, 221.213978 ] }, { "date": "2025-08-08", "close": 217.48, "volume": 1517011, "typical_volume": 1087573.75, "trend": 228.316, "fair_value": 307.062885, "relative_strength": -22.536074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.339565, "energy": 23.117422, "activity_lines": [ 209.993333, 205.364727, 214.115905, 220.431935 ] }, { "date": "2025-08-15", "close": 220.31, "volume": 1164007, "typical_volume": 1107094.3, "trend": 227.245333, "fair_value": 306.112436, "relative_strength": -21.699618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.504632, "energy": 25.553852, "activity_lines": [ 214.816, 208.173091, 213.862286, 219.915419 ] }, { "date": "2025-08-22", "close": 223.64, "volume": 879654, "typical_volume": 1094885.1, "trend": 226.419333, "fair_value": 305.316218, "relative_strength": -20.180993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.305122, "energy": 20.588648, "activity_lines": [ 219.06, 211.608545, 214.016571, 219.682817 ] }, { "date": "2025-08-29", "close": 221.09, "volume": 975642, "typical_volume": 1089865.15, "trend": 225.433333, "fair_value": 304.612949, "relative_strength": -20.548031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.607038, "energy": 17.347695, "activity_lines": [ 220.360667, 214.305273, 214.029048, 219.338989 ] }, { "date": "2025-09-05", "close": 226.97, "volume": 1093116, "typical_volume": 1120338.6, "trend": 225.020667, "fair_value": 303.872756, "relative_strength": -18.045711, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.719704, "energy": 17.481145, "activity_lines": [ 223.215333, 217.654364, 214.718143, 219.438129 ] }, { "date": "2025-09-12", "close": 216.69, "volume": 1259766, "typical_volume": 1129949.2, "trend": 224.506667, "fair_value": 303.166026, "relative_strength": -22.42556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.924265, "energy": 13.925718, "activity_lines": [ 221.479333, 218.465273, 214.48719, 218.900667 ] }, { "date": "2025-09-19", "close": 223.24, "volume": 1251506, "typical_volume": 1143179.4, "trend": 224.370667, "fair_value": 302.560897, "relative_strength": -20.540062, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.726393, "energy": 10.450751, "activity_lines": [ 221.979333, 220.183273, 215.028619, 218.818946 ] }, { "date": "2025-09-26", "close": 215.02, "volume": 914418, "typical_volume": 1161963.8, "trend": 223.412333, "fair_value": 301.864551, "relative_strength": -22.625583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.767828, "energy": 11.163623, "activity_lines": [ 219.544, 219.892909, 214.864905, 218.215677 ] }, { "date": "2025-10-03", "close": 226.76, "volume": 910222, "typical_volume": 1175724.7, "trend": 222.999667, "fair_value": 301.122949, "relative_strength": -18.719537, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.466462, "energy": 5.160504, "activity_lines": [ 221.596667, 221.322909, 215.950429, 218.431656 ] }, { "date": "2025-10-10", "close": 215.68, "volume": 1319655, "typical_volume": 1216673.45, "trend": 222.560667, "fair_value": 300.257564, "relative_strength": -20.230738, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.146374, "energy": 10.502684, "activity_lines": [ 219.578, 220.524545, 216.090095, 217.959419 ] }, { "date": "2025-10-17", "close": 223.83, "volume": 687039, "typical_volume": 1209580.6, "trend": 222.423, "fair_value": 299.113654, "relative_strength": -17.945503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.328511, "energy": 8.425285, "activity_lines": [ 221.028667, 221.095818, 217.083952, 218.041312 ] }, { "date": "2025-10-24", "close": 231.6, "volume": 1160320, "typical_volume": 1215614.45, "trend": 222.164, "fair_value": 298.138333, "relative_strength": -16.019557, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.023875, "energy": 26.288457, "activity_lines": [ 224.593333, 222.964364, 218.846476, 218.633376 ] }, { "date": "2025-10-31", "close": 206.99, "volume": 1157212, "typical_volume": 1221519.6, "trend": 220.901667, "fair_value": 297.058077, "relative_strength": -24.692858, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.300051, "energy": 12.982495, "activity_lines": [ 219.397333, 220.153091, 218.217095, 217.654409 ] }, { "date": "2025-11-07", "close": 200.03, "volume": 877924, "typical_volume": 1201052.35, "trend": 219.383333, "fair_value": 295.698333, "relative_strength": -25.224345, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.802379, "energy": 25.983818, "activity_lines": [ 212.416667, 216.379091, 216.932095, 216.307849 ] }, { "date": "2025-11-14", "close": 198.24, "volume": 889387, "typical_volume": 1174195.8, "trend": 218.012667, "fair_value": 294.554679, "relative_strength": -25.078809, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.647911, "energy": 48.757369, "activity_lines": [ 206.621333, 212.662545, 215.467762, 214.943763 ] }, { "date": "2025-11-21", "close": 195.84, "volume": 890071, "typical_volume": 1138268.45, "trend": 216.277667, "fair_value": 293.392949, "relative_strength": -23.663022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.927112, "energy": 59.910403, "activity_lines": [ 201.188667, 209.032, 213.736429, 213.513269 ] }, { "date": "2025-11-28", "close": 194.8, "volume": 541070, "typical_volume": 1095115.4, "trend": 214.785667, "fair_value": 292.149872, "relative_strength": -25.873703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.627643, "energy": 69.325753, "activity_lines": [ 197.275333, 205.591455, 211.931, 212.127613 ] }, { "date": "2025-12-05", "close": 195.89, "volume": 891045, "typical_volume": 1091399.6, "trend": 213.23, "fair_value": 291.093974, "relative_strength": -24.812073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.60048, "energy": 67.310219, "activity_lines": [ 196.178667, 202.866182, 210.230238, 210.908538 ] }, { "date": "2025-12-12", "close": 203.03, "volume": 711726, "typical_volume": 1043523.75, "trend": 211.673333, "fair_value": 290.189808, "relative_strength": -20.699726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.109923, "energy": 51.279288, "activity_lines": [ 198.202, 201.786909, 209.192095, 210.250473 ] }, { "date": "2025-12-19", "close": 200.67, "volume": 1047906, "typical_volume": 1006934.85, "trend": 210.627, "fair_value": 289.322179, "relative_strength": -20.813116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.557206, "energy": 36.042354, "activity_lines": [ 199.238667, 200.71, 207.98619, 209.540581 ] }, { "date": "2025-12-26", "close": 197.05, "volume": 566276, "typical_volume": 959398.1, "trend": 209.533667, "fair_value": 288.473013, "relative_strength": -22.428923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.235972, "energy": 33.432456, "activity_lines": [ 198.906667, 199.247818, 206.477619, 208.664645 ] }, { "date": "2026-01-02", "close": 199.84, "volume": 543401, "typical_volume": 928367.8, "trend": 208.811667, "fair_value": 287.646987, "relative_strength": -19.657576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.217395, "energy": 25.894149, "activity_lines": [ 199.424, 198.779818, 205.332048, 208.039247 ] }, { "date": "2026-01-09", "close": 207.82, "volume": 782117, "typical_volume": 923490.95, "trend": 208.788667, "fair_value": 286.686474, "relative_strength": -17.118666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.327902, "energy": 20.382517, "activity_lines": [ 202.265333, 200.340182, 205.043952, 207.975269 ] }, { "date": "2026-01-16", "close": 206.81, "volume": 803002, "typical_volume": 914858.95, "trend": 209.076667, "fair_value": 285.737628, "relative_strength": -16.664663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.662384, "energy": 15.966011, "activity_lines": [ 203.974667, 201.701818, 204.735, 207.847613 ] }, { "date": "2026-01-23", "close": 220.33, "volume": 732182, "typical_volume": 896812.25, "trend": 210.082, "fair_value": 284.635321, "relative_strength": -10.453897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.18682, "energy": 14.102434, "activity_lines": [ 209.938667, 205.398364, 205.781667, 208.573634 ] }, { "date": "2026-01-30", "close": 213.62, "volume": 651845, "typical_volume": 866416.2, "trend": 210.5, "fair_value": 283.42141, "relative_strength": -12.996621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 14.428796, "energy": 23.667982, "activity_lines": [ 212.355333, 207.473273, 206.220905, 208.801892 ] }, { "date": "2026-02-06", "close": 246.76, "volume": 944611, "typical_volume": 851071.45, "trend": 212.226, "fair_value": 282.695641, "relative_strength": 0.94753, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.954928, "energy": 63.695626, "activity_lines": [ 224.714, 215.250364, 209.830952, 211.141247 ] }, { "date": "2026-02-13", "close": 247.57, "volume": 851729, "typical_volume": 847937.0, "trend": 214.070333, "fair_value": 282.173397, "relative_strength": 2.719456, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.576174, "energy": 72.77064, "activity_lines": [ 234.214667, 222.23, 213.406143, 213.421505 ] }, { "date": "2026-02-20", "close": 235.0, "volume": 725781, "typical_volume": 838714.95, "trend": 214.737, "fair_value": 281.55141, "relative_strength": -3.358816, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.165983, "energy": 76.985874, "activity_lines": [ 236.875333, 225.984545, 215.62919, 214.771806 ] }, { "date": "2026-02-27", "close": 226.78, "volume": 1161833, "typical_volume": 830823.85, "trend": 215.312667, "fair_value": 280.959359, "relative_strength": -5.837816, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.711289, "energy": 70.470295, "activity_lines": [ 234.916667, 227.663273, 217.030143, 215.548774 ] }, { "date": "2026-03-06", "close": 232.2, "volume": 834004, "typical_volume": 838172.1, "trend": 215.803333, "fair_value": 280.448013, "relative_strength": -1.231398, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.392347, "energy": 44.681226, "activity_lines": [ 234.334667, 229.852727, 218.894429, 216.63828 ] }, { "date": "2026-03-13", "close": 231.5, "volume": 892438, "typical_volume": 824778.0, "trend": 216.176333, "fair_value": 279.943462, "relative_strength": 0.312222, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.218964, "energy": 34.673698, "activity_lines": [ 232.280667, 231.275818, 220.65219, 217.650968 ] }, { "date": "2026-03-20", "close": 223.21, "volume": 732360, "typical_volume": 803535.4, "trend": 216.162, "fair_value": 279.288462, "relative_strength": -1.154959, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.33373, "energy": 22.417277, "activity_lines": [ 228.480667, 230.616, 221.620905, 218.104753 ] }, { "date": "2026-03-27", "close": 229.76, "volume": 830364, "typical_volume": 801157.4, "trend": 216.451, "fair_value": 278.654231, "relative_strength": 4.492563, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.9386, "energy": 21.001959, "activity_lines": [ 228.488, 230.867273, 223.13619, 218.982043 ] }, { "date": "2026-04-03", "close": 240.83, "volume": 571642, "typical_volume": 785270.15, "trend": 216.913, "fair_value": 278.15141, "relative_strength": 6.623386, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.802851, "energy": 27.483067, "activity_lines": [ 232.534667, 232.714, 225.56419, 220.554882 ] }, { "date": "2026-04-10", "close": 257.21, "volume": 1137084, "typical_volume": 797620.8, "trend": 218.263667, "fair_value": 277.728846, "relative_strength": 10.449525, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.121903, "energy": 45.430572, "activity_lines": [ 241.104667, 237.166182, 229.349381, 223.154688 ] }, { "date": "2026-04-17", "close": 245.33, "volume": 1213202, "typical_volume": 831227.4, "trend": 219.0, "fair_value": 277.236346, "relative_strength": 1.448243, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.634862, "energy": 50.59728, "activity_lines": [ 244.047333, 238.665818, 231.710905, 224.900903 ] }, { "date": "2026-04-24", "close": 236.4, "volume": 1061343, "typical_volume": 839742.3, "trend": 219.712667, "fair_value": 276.71641, "relative_strength": -2.077807, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.097122, "energy": 47.965233, "activity_lines": [ 243.091333, 238.567818, 232.981333, 226.023484 ] }, { "date": "2026-05-01", "close": 214.3, "volume": 1616389, "typical_volume": 884975.45, "trend": 219.297333, "fair_value": 276.100962, "relative_strength": -11.40281, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.547513, "energy": 17.266615, "activity_lines": [ 233.889333, 234.654727, 231.954095, 225.67428 ] }, { "date": "2026-05-08", "close": 197.34, "volume": 1384876, "typical_volume": 901823.95, "trend": 218.686, "fair_value": 275.390705, "relative_strength": -19.520503, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -9.150123, "energy": 17.18931, "activity_lines": [ 220.064667, 228.034364, 229.257952, 224.257677 ] }, { "date": "2026-05-15", "close": 174.73, "volume": 1964075, "typical_volume": 971713.9, "trend": 217.049333, "fair_value": 274.423782, "relative_strength": -28.105906, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.743115, "energy": 48.105714, "activity_lines": [ 201.602667, 217.838364, 224.424333, 221.421806 ] }, { "date": "2026-05-22", "close": 190.1, "volume": 1570793, "typical_volume": 1023083.5, "trend": 215.666, "fair_value": 273.604872, "relative_strength": -21.77252, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.889051, "energy": 58.857375, "activity_lines": [ 193.762667, 211.481818, 221.16081, 219.68314 ] }, { "date": "2026-05-29", "close": 177.28, "volume": 1088043, "typical_volume": 1038379.8, "trend": 214.675667, "fair_value": 272.544744, "relative_strength": -27.407607, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.627981, "energy": 73.707653, "activity_lines": [ 185.331333, 203.547091, 216.722714, 217.206624 ] }, { "date": "2026-06-05", "close": 164.72, "volume": 1321262, "typical_volume": 1064292.8, "trend": 213.498667, "fair_value": 271.494936, "relative_strength": -30.193237, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.586476, "energy": 78.370138, "activity_lines": [ 176.654667, 194.163818, 211.233857, 213.983677 ] }, { "date": "2026-06-12", "close": 181.89, "volume": 1328337, "typical_volume": 1094100.55, "trend": 212.953667, "fair_value": 270.527308, "relative_strength": -22.852156, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.560258, "energy": 75.831728, "activity_lines": [ 177.006667, 189.084909, 207.580667, 211.944409 ] }, { "date": "2026-06-19", "close": 176.11, "volume": 1043272, "typical_volume": 1113671.9, "trend": 212.296, "fair_value": 269.651731, "relative_strength": -25.536261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.490967, "energy": 67.872724, "activity_lines": [ 176.462, 184.026727, 203.560048, 209.567398 ] }, { "date": "2026-06-26", "close": 191.87, "volume": 2465012, "typical_volume": 1189691.95, "trend": 212.198333, "fair_value": 268.904487, "relative_strength": -16.646741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.33667, "energy": 48.907814, "activity_lines": [ 181.078667, 183.308545, 201.219, 208.249591 ] }, { "date": "2026-07-03", "close": 183.62, "volume": 1078661, "typical_volume": 1201038.55, "trend": 211.789333, "fair_value": 268.079679, "relative_strength": -21.546551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.388741, "energy": 36.397697, "activity_lines": [ 182.827333, 182.062364, 198.353619, 206.405828 ] }, { "date": "2026-07-10", "close": 176.79, "volume": 1425598, "typical_volume": 1236029.4, "trend": 210.914667, "fair_value": 267.275833, "relative_strength": -25.10674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.367346, "energy": 37.149985, "activity_lines": [ 181.876667, 180.534, 195.142286, 204.147806 ] }, { "date": "2026-07-17", "close": 178.8, "volume": 1830401, "typical_volume": 1269457.8, "trend": 210.185667, "fair_value": 266.47859, "relative_strength": -22.738432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.118957, "energy": 33.302845, "activity_lines": [ 180.791333, 180.053091, 192.399571, 202.075892 ] }, { "date": "2026-07-24", "close": 180.15, "volume": 1991189, "typical_volume": 1327317.05, "trend": 209.622333, "fair_value": 265.286603, "relative_strength": -21.22184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.021916, "energy": 34.09233, "activity_lines": [ 180.362, 180.154727, 190.013905, 200.138108 ] }, { "date": "2026-07-31", "close": 183.2, "volume": 1617865, "typical_volume": 1363588.4, "trend": 209.067667, "fair_value": 264.196987, "relative_strength": -20.283824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.478885, "energy": 36.871412, "activity_lines": [ 180.68, 180.712364, 188.166571, 198.433441 ] }, { "date": "2026-08-07", "close": 186.61, "volume": 1062367, "typical_volume": 1380088.75, "trend": 208.360667, "fair_value": 263.093526, "relative_strength": -21.042303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.621888, "energy": 28.668285, "activity_lines": [ 182.712667, 182.015455, 186.874, 196.984559 ] } ], "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." } } }