{ "ticker": { "uuid": "fa112b20-fe12-46a3-919b-ec6fc1e71fbc", "symbol": "ELF1", "name": "Deka MDAX UCITS ETF", "exchange": "GER", "country": "DE", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-21", "benchmark": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 58.293, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 47.911, "architecture_energy": 29.27, "architecture_maturity": 14.156, "architecture_confidence": 51.804, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 41.55, "rotation_up": 38.29, "upward_expansion": 67.57, "deceleration": 65.73, "rotation_down": 24.02, "downward_expansion": 7.9 }, "activity_lines": [ 299.403335, 298.927274, 298.47381, 294.639356 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 298.05, "trend_reference": 290.970001, "distance_from_trend": 0.024332, "trend_direction": "Improving", "fair_value": 264.928597, "distance_from_fair_value": 0.12502, "fair_value_direction": "Weakening", "relative_strength": -3.06113, "relative_strength_direction": "Weakening", "price_momentum": 0.004212, "excess_performance": -0.030462, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024332, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016388, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.12502, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.015993, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.030611, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.047727, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.004212, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.225277, "read": "Demand-led" } ], "volume": { "latest": 3418, "relative_activity": 0.487401, "balance": 8.225277, "dry_up": 0.786038, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.025654, "annualized_volatility": 0.221149, "from_high_reference": -0.044252, "from_low_reference": 0.1922 }, "levels": { "trend_reference": 290.970001, "fair_value_reference": 264.928597, "structural_low": 250.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": -0.022669, "positive_rate": 0.411765, "directional_follow_through": 0.411765, "median_excess_return": -0.013126, "regime_survival": 0.529412, "best_return": 0.054876, "worst_return": -0.07911, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.040592, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.00988, "regime_survival": 0.285714, "best_return": 0.083462, "worst_return": -0.089042, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.004143, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.021486, "regime_survival": 0.5, "best_return": 0.122192, "worst_return": -0.060714, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.100568, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.137523, "regime_survival": 0.25, "best_return": 0.132004, "worst_return": -0.248981, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-08-29", "tenure": "Established", "return": 0.011979, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-10-31", "tenure": "Developing", "return": -0.009444, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.017678, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.000358, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": 0.020297, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2026-01-09", "end": "2026-02-06", "tenure": "Developing", "return": -0.015331, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-06", "tenure": "New", "return": -0.058219, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.035887, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": 0.045754, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.052474, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": 0.099858, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-07-17", "tenure": "Developing", "return": -0.019699, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-14", "tenure": "New", "return": 0.01567, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-21", "end": "2026-08-21", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-09-01", "close": 262.950012, "volume": 4446, "typical_volume": 8289.2, "trend": 260.918332, "fair_value": 283.852243, "relative_strength": -1.724816, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.046777, "energy": 10.082886, "activity_lines": [ 259.513335, 261.329092, 260.248809, 260.11129 ] }, { "date": "2023-09-08", "close": 255.399994, "volume": 7822, "typical_volume": 8273.8, "trend": 260.481665, "fair_value": 283.814743, "relative_strength": -3.67989, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.604123, "energy": 25.622815, "activity_lines": [ 257.85, 260.222727, 259.822618, 259.755268 ] }, { "date": "2023-09-15", "close": 257.850006, "volume": 4192, "typical_volume": 8241.05, "trend": 259.983332, "fair_value": 283.779808, "relative_strength": -3.520634, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.498438, "energy": 22.338195, "activity_lines": [ 257.613335, 259.648183, 259.660714, 259.585484 ] }, { "date": "2023-09-22", "close": 250.550003, "volume": 4546, "typical_volume": 8306.65, "trend": 259.376666, "fair_value": 283.765064, "relative_strength": -4.085579, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.028903, "energy": 42.189477, "activity_lines": [ 255.376669, 257.683638, 258.828571, 258.976882 ] }, { "date": "2023-09-29", "close": 246.050003, "volume": 3917, "typical_volume": 8322.6, "trend": 258.468333, "fair_value": 283.672115, "relative_strength": -4.601986, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.5556, "energy": 61.401957, "activity_lines": [ 251.983336, 255.110002, 257.616905, 258.117097 ] }, { "date": "2023-10-06", "close": 239.800003, "volume": 5858, "typical_volume": 7255.05, "trend": 257.635, "fair_value": 283.494231, "relative_strength": -5.890615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.714964, "energy": 74.755132, "activity_lines": [ 247.063336, 251.76182, 255.865477, 256.912689 ] }, { "date": "2023-10-13", "close": 235.550003, "volume": 2992, "typical_volume": 6993.0, "trend": 257.146667, "fair_value": 283.301282, "relative_strength": -7.13877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.069235, "energy": 84.924015, "activity_lines": [ 242.270003, 248.196366, 253.808334, 255.48785 ] }, { "date": "2023-10-20", "close": 227.300003, "volume": 6206, "typical_volume": 6682.9, "trend": 256.38, "fair_value": 283.086218, "relative_strength": -7.863034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.95161, "energy": 92.556878, "activity_lines": [ 236.050003, 243.658184, 251.055239, 253.562259 ] }, { "date": "2023-10-27", "close": 224.5, "volume": 3864, "typical_volume": 6710.9, "trend": 255.143333, "fair_value": 282.951282, "relative_strength": -8.13929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.706825, "energy": 93.901401, "activity_lines": [ 230.933335, 239.284548, 248.17643, 251.505485 ] }, { "date": "2023-11-03", "close": 237.399994, "volume": 6638, "typical_volume": 6800.1, "trend": 254.485, "fair_value": 282.797115, "relative_strength": -5.95254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.139389, "energy": 84.253274, "activity_lines": [ 231.853333, 237.823637, 246.675001, 250.360753 ] }, { "date": "2023-11-10", "close": 238.800003, "volume": 20611, "typical_volume": 7315.7, "trend": 253.69, "fair_value": 282.582692, "relative_strength": -5.501612, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.147747, "energy": 61.478394, "activity_lines": [ 233.816667, 236.926365, 245.409763, 249.348818 ] }, { "date": "2023-11-17", "close": 248.050003, "volume": 6952, "typical_volume": 6902.35, "trend": 253.228334, "fair_value": 282.398077, "relative_strength": -5.920886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.383139, "energy": 36.843435, "activity_lines": [ 238.930001, 238.150001, 245.090477, 248.984947 ] }, { "date": "2023-11-24", "close": 247.75, "volume": 5124, "typical_volume": 7015.05, "trend": 252.716667, "fair_value": 282.189423, "relative_strength": -6.523565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.250272, "energy": 26.280808, "activity_lines": [ 243.110001, 239.452728, 244.800239, 248.631506 ] }, { "date": "2023-12-01", "close": 250.199997, "volume": 5846, "typical_volume": 7020.45, "trend": 252.361667, "fair_value": 281.985897, "relative_strength": -7.526171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.854194, "energy": 25.878001, "activity_lines": [ 246.743333, 241.384546, 244.775001, 248.46914 ] }, { "date": "2023-12-08", "close": 252.25, "volume": 1668, "typical_volume": 6887.75, "trend": 252.18, "fair_value": 281.789744, "relative_strength": -8.589362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.212542, "energy": 24.783143, "activity_lines": [ 249.346666, 243.695455, 245.001429, 248.461936 ] }, { "date": "2023-12-15", "close": 256.25, "volume": 8877, "typical_volume": 6925.2, "trend": 252.035, "fair_value": 281.570833, "relative_strength": -6.911825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.741127, "energy": 32.155997, "activity_lines": [ 252.293333, 246.620909, 245.674048, 248.724517 ] }, { "date": "2023-12-22", "close": 253.949997, "volume": 9302, "typical_volume": 6347.0, "trend": 252.02, "fair_value": 281.338141, "relative_strength": -7.287412, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.698385, "energy": 30.907981, "activity_lines": [ 253.309999, 248.82909, 246.194762, 248.848065 ] }, { "date": "2023-12-29", "close": 255.0, "volume": 3755, "typical_volume": 6227.3, "trend": 251.956667, "fair_value": 281.083974, "relative_strength": -6.955679, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.414074, "energy": 39.396098, "activity_lines": [ 254.283332, 250.893636, 246.865953, 249.040323 ] }, { "date": "2024-01-05", "close": 245.699997, "volume": 10821, "typical_volume": 6359.45, "trend": 251.621666, "fair_value": 280.739423, "relative_strength": -9.214199, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.27403, "energy": 20.266453, "activity_lines": [ 251.673332, 250.763635, 246.695952, 248.636667 ] }, { "date": "2024-01-12", "close": 248.149994, "volume": 4083, "typical_volume": 6376.0, "trend": 251.26, "fair_value": 280.431731, "relative_strength": -8.606505, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -15.821021, "energy": 12.373615, "activity_lines": [ 250.179997, 250.693634, 246.806904, 248.412688 ] }, { "date": "2024-01-19", "close": 239.75, "volume": 5879, "typical_volume": 6447.65, "trend": 250.836666, "fair_value": 280.031731, "relative_strength": -10.540024, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.577389, "energy": 25.972394, "activity_lines": [ 246.159998, 248.900907, 246.147618, 247.670107 ] }, { "date": "2024-01-26", "close": 246.850006, "volume": 8313, "typical_volume": 6472.2, "trend": 250.393333, "fair_value": 279.712179, "relative_strength": -9.710654, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.158048, "energy": 25.665093, "activity_lines": [ 245.606667, 248.381818, 246.275, 247.412903 ] }, { "date": "2024-02-02", "close": 242.100006, "volume": 8544, "typical_volume": 6689.8, "trend": 249.983334, "fair_value": 279.280449, "relative_strength": -10.808243, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.045603, "energy": 31.895026, "activity_lines": [ 243.943336, 247.02091, 245.990715, 246.87785 ] }, { "date": "2024-02-09", "close": 242.649994, "volume": 7258, "typical_volume": 6825.4, "trend": 249.336667, "fair_value": 278.841346, "relative_strength": -10.304898, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.357149, "energy": 33.942235, "activity_lines": [ 243.323334, 245.862727, 245.833809, 246.404731 ] }, { "date": "2024-02-16", "close": 246.600006, "volume": 7399, "typical_volume": 6999.5, "trend": 248.691667, "fair_value": 278.440385, "relative_strength": -9.511642, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.370763, "energy": 25.825385, "activity_lines": [ 244.223336, 245.560001, 246.090715, 246.228172 ] }, { "date": "2024-02-23", "close": 245.199997, "volume": 6304, "typical_volume": 7021.8, "trend": 247.853334, "fair_value": 278.096795, "relative_strength": -11.19927, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.882098, "energy": 20.827192, "activity_lines": [ 244.760001, 245.105455, 246.211667, 246.002903 ] }, { "date": "2024-03-01", "close": 246.300003, "volume": 13794, "typical_volume": 7561.9, "trend": 247.245001, "fair_value": 277.794231, "relative_strength": -11.998624, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.721503, "energy": 11.19195, "activity_lines": [ 245.300001, 245.051819, 246.411667, 245.902689 ] }, { "date": "2024-03-08", "close": 245.050003, "volume": 9740, "typical_volume": 7738.6, "trend": 246.601667, "fair_value": 277.419872, "relative_strength": -12.472174, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.23003, "energy": 10.871325, "activity_lines": [ 245.460002, 244.910001, 246.441429, 245.761076 ] }, { "date": "2024-03-15", "close": 246.5, "volume": 10999, "typical_volume": 8095.35, "trend": 246.295001, "fair_value": 277.065705, "relative_strength": -12.210159, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.920329, "energy": 3.749815, "activity_lines": [ 245.906668, 245.212729, 246.524762, 245.754517 ] }, { "date": "2024-03-22", "close": 250.899994, "volume": 5738, "typical_volume": 8050.35, "trend": 246.178334, "fair_value": 276.741346, "relative_strength": -11.644279, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.734869, "energy": 15.087188, "activity_lines": [ 247.563332, 246.300909, 246.922381, 246.051613 ] }, { "date": "2024-03-29", "close": 254.75, "volume": 3665, "typical_volume": 7203.05, "trend": 245.905, "fair_value": 276.399038, "relative_strength": -11.35483, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.448785, "energy": 50.757478, "activity_lines": [ 250.216666, 248.039091, 247.622381, 246.604624 ] }, { "date": "2024-04-05", "close": 253.649994, "volume": 4625, "typical_volume": 7086.7, "trend": 245.846667, "fair_value": 276.022436, "relative_strength": -9.91391, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.870125, "energy": 61.781951, "activity_lines": [ 251.866664, 249.304544, 248.141666, 247.104301 ] }, { "date": "2024-04-12", "close": 250.800003, "volume": 8579, "typical_volume": 7259.45, "trend": 245.611667, "fair_value": 275.594231, "relative_strength": -9.414882, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.216443, "energy": 60.189535, "activity_lines": [ 252.076665, 249.928181, 248.362857, 247.423871 ] }, { "date": "2024-04-19", "close": 244.899994, "volume": 6098, "typical_volume": 7272.05, "trend": 245.423333, "fair_value": 275.158974, "relative_strength": -10.28374, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.032595, "energy": 36.714094, "activity_lines": [ 249.936664, 249.320907, 248.007618, 247.377956 ] }, { "date": "2024-04-26", "close": 246.850006, "volume": 7374, "typical_volume": 7557.35, "trend": 245.45, "fair_value": 274.740705, "relative_strength": -11.354157, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.515641, "energy": 13.444958, "activity_lines": [ 248.553334, 249.027272, 247.863333, 247.47 ] }, { "date": "2024-05-03", "close": 247.899994, "volume": 2792, "typical_volume": 7253.1, "trend": 245.72, "fair_value": 274.334615, "relative_strength": -9.898129, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.249816, "energy": 17.240577, "activity_lines": [ 247.789998, 248.919998, 247.844761, 247.628064 ] }, { "date": "2024-05-10", "close": 251.75, "volume": 4475, "typical_volume": 7011.75, "trend": 246.26, "fair_value": 273.983013, "relative_strength": -11.94963, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.844488, "energy": 20.138567, "activity_lines": [ 248.766666, 249.463635, 248.232618, 248.017096 ] }, { "date": "2024-05-17", "close": 258.0, "volume": 4865, "typical_volume": 7067.25, "trend": 247.283333, "fair_value": 273.655769, "relative_strength": -9.179148, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.542962, "energy": 42.069721, "activity_lines": [ 251.953333, 251.044544, 249.22619, 248.774516 ] }, { "date": "2024-05-24", "close": 255.149994, "volume": 3719, "typical_volume": 6712.15, "trend": 248.304999, "fair_value": 273.25609, "relative_strength": -9.870622, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.216975, "energy": 58.094225, "activity_lines": [ 253.709998, 251.871816, 249.934046, 249.282042 ] }, { "date": "2024-05-31", "close": 251.449997, "volume": 3861, "typical_volume": 6701.05, "trend": 248.773333, "fair_value": 272.809936, "relative_strength": -9.963482, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.496444, "energy": 54.503319, "activity_lines": [ 253.549997, 251.869089, 250.244522, 249.484945 ] }, { "date": "2024-06-07", "close": 252.449997, "volume": 9785, "typical_volume": 6896.35, "trend": 249.228333, "fair_value": 272.34968, "relative_strength": -9.614559, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.249904, "energy": 49.88502, "activity_lines": [ 253.416664, 252.038179, 250.634522, 249.722149 ] }, { "date": "2024-06-14", "close": 241.949997, "volume": 3919, "typical_volume": 6676.65, "trend": 249.024999, "fair_value": 271.821474, "relative_strength": -10.42811, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.469197, "energy": 6.465807, "activity_lines": [ 249.479997, 250.339997, 249.964046, 249.252579 ] }, { "date": "2024-06-21", "close": 237.850006, "volume": 4828, "typical_volume": 6490.85, "trend": 248.694999, "fair_value": 271.239744, "relative_strength": -12.408644, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -43.654375, "energy": 35.985516, "activity_lines": [ 244.83, 248.10909, 248.926427, 248.531612 ] }, { "date": "2024-06-28", "close": 236.800003, "volume": 4422, "typical_volume": 6349.05, "trend": 248.248333, "fair_value": 270.654487, "relative_strength": -12.788755, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "down", "direction": -64.355605, "energy": 64.788974, "activity_lines": [ 241.173335, 245.922727, 247.809047, 247.764193 ] }, { "date": "2024-07-05", "close": 241.699997, "volume": 3412, "typical_volume": 6149.7, "trend": 247.896666, "fair_value": 270.079808, "relative_strength": -11.77334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.400006, "energy": 66.91692, "activity_lines": [ 240.373334, 244.774545, 247.186189, 247.34172 ] }, { "date": "2024-07-12", "close": 243.600006, "volume": 7331, "typical_volume": 6201.05, "trend": 247.475, "fair_value": 269.536859, "relative_strength": -11.999193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.797863, "energy": 66.146533, "activity_lines": [ 240.856669, 244.065455, 246.767619, 247.064516 ] }, { "date": "2024-07-19", "close": 238.199997, "volume": 11003, "typical_volume": 6061.5, "trend": 246.95, "fair_value": 268.916987, "relative_strength": -10.834299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.041065, "energy": 61.518886, "activity_lines": [ 240.130001, 242.452727, 245.84238, 246.466128 ] }, { "date": "2024-07-26", "close": 236.050003, "volume": 4697, "typical_volume": 5809.35, "trend": 246.318333, "fair_value": 268.283974, "relative_strength": -12.405189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.430359, "energy": 47.525967, "activity_lines": [ 238.936668, 240.695455, 244.750952, 245.762903 ] }, { "date": "2024-08-02", "close": 230.25, "volume": 4654, "typical_volume": 5492.1, "trend": 245.803333, "fair_value": 267.589423, "relative_strength": -10.481112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.221, "energy": 61.737366, "activity_lines": [ 235.930001, 238.282728, 243.15, 244.726236 ] }, { "date": "2024-08-09", "close": 227.550003, "volume": 4023, "typical_volume": 5406.35, "trend": 245.116667, "fair_value": 266.855769, "relative_strength": -11.387246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.075043, "energy": 76.789705, "activity_lines": [ 232.460002, 235.83182, 241.369286, 243.548602 ] }, { "date": "2024-08-16", "close": 233.25, "volume": 4342, "typical_volume": 5440.2, "trend": 244.9, "fair_value": 266.172436, "relative_strength": -11.707481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.216673, "energy": 70.384513, "activity_lines": [ 231.833334, 234.851819, 240.242619, 242.783011 ] }, { "date": "2024-08-23", "close": 236.75, "volume": 3476, "typical_volume": 5382.75, "trend": 244.563333, "fair_value": 265.484295, "relative_strength": -11.455507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.51891, "energy": 58.417799, "activity_lines": [ 233.063334, 234.857274, 239.551667, 242.257204 ] }, { "date": "2024-08-30", "close": 241.449997, "volume": 7499, "typical_volume": 5328.75, "trend": 244.541666, "fair_value": 264.831731, "relative_strength": -10.546422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.31046, "energy": 32.769282, "activity_lines": [ 235.956666, 235.811818, 239.38881, 242.056344 ] }, { "date": "2024-09-06", "close": 235.199997, "volume": 5188, "typical_volume": 5283.25, "trend": 244.293333, "fair_value": 264.13718, "relative_strength": -9.570273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.574508, "energy": 22.973964, "activity_lines": [ 236.406665, 235.564545, 238.675238, 241.453655 ] }, { "date": "2024-09-13", "close": 240.100006, "volume": 2945, "typical_volume": 5061.8, "trend": 244.076666, "fair_value": 263.517949, "relative_strength": -9.233064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.901322, "energy": 23.256696, "activity_lines": [ 238.160001, 236.237273, 238.474524, 241.183118 ] }, { "date": "2024-09-20", "close": 242.75, "volume": 14684, "typical_volume": 5656.4, "trend": 243.995, "fair_value": 262.922436, "relative_strength": -7.939627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.49105, "energy": 19.608566, "activity_lines": [ 239.960001, 237.42091, 238.558334, 241.097527 ] }, { "date": "2024-09-27", "close": 255.300003, "volume": 5593, "typical_volume": 5712.3, "trend": 244.295, "fair_value": 262.475, "relative_strength": -6.559503, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.641019, "energy": 32.51072, "activity_lines": [ 245.310002, 240.901819, 239.861905, 241.826882 ] }, { "date": "2024-10-04", "close": 251.949997, "volume": 5015, "typical_volume": 5719.8, "trend": 244.525, "fair_value": 262.052244, "relative_strength": -5.752804, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.951234, "energy": 46.701245, "activity_lines": [ 248.306667, 243.462727, 240.829524, 242.320753 ] }, { "date": "2024-10-11", "close": 252.149994, "volume": 4510, "typical_volume": 5759.35, "trend": 244.713333, "fair_value": 261.572756, "relative_strength": -6.588623, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.829752, "energy": 57.564755, "activity_lines": [ 250.669998, 245.770908, 241.845, 242.812688 ] }, { "date": "2024-10-18", "close": 256.600006, "volume": 5548, "typical_volume": 5843.7, "trend": 244.903333, "fair_value": 261.094231, "relative_strength": -6.012068, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.892553, "energy": 67.413743, "activity_lines": [ 253.386667, 248.49, 243.298572, 243.57957 ] }, { "date": "2024-10-25", "close": 255.699997, "volume": 6017, "typical_volume": 5655.3, "trend": 244.935, "fair_value": 260.608333, "relative_strength": -5.127112, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.149453, "energy": 67.848327, "activity_lines": [ 254.703333, 250.517272, 244.641905, 244.276129 ] }, { "date": "2024-11-01", "close": 249.149994, "volume": 10080, "typical_volume": 5963.35, "trend": 244.785, "fair_value": 260.020192, "relative_strength": -6.205406, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.069172, "energy": 49.333504, "activity_lines": [ 252.973331, 250.945453, 245.345952, 244.548064 ] }, { "date": "2024-11-08", "close": 249.550003, "volume": 12309, "typical_volume": 6337.4, "trend": 244.743333, "fair_value": 259.432692, "relative_strength": -5.507667, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.50588, "energy": 43.735627, "activity_lines": [ 251.786666, 251.220908, 246.053809, 244.855484 ] }, { "date": "2024-11-15", "close": 247.850006, "volume": 14228, "typical_volume": 6827.7, "trend": 244.841667, "fair_value": 258.831731, "relative_strength": -5.775189, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 43.563411, "energy": 27.907359, "activity_lines": [ 250.193335, 251.04, 246.544048, 245.055914 ] }, { "date": "2024-11-22", "close": 246.0, "volume": 10070, "typical_volume": 7160.6, "trend": 244.813333, "fair_value": 258.344872, "relative_strength": -6.662334, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.568633, "energy": 23.209276, "activity_lines": [ 248.270001, 250.292728, 246.805476, 245.130645 ] }, { "date": "2024-11-29", "close": 246.850006, "volume": 9078, "typical_volume": 7247.95, "trend": 244.778334, "fair_value": 257.872115, "relative_strength": -7.440017, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.733457, "energy": 21.963092, "activity_lines": [ 247.33667, 249.592729, 247.127382, 245.262044 ] }, { "date": "2024-12-06", "close": 256.149994, "volume": 20247, "typical_volume": 7710.15, "trend": 244.925, "fair_value": 257.416346, "relative_strength": -7.198668, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.559269, "energy": 25.584492, "activity_lines": [ 250.093334, 250.509091, 248.319524, 245.995699 ] }, { "date": "2024-12-13", "close": 248.800003, "volume": 9199, "typical_volume": 7935.25, "trend": 244.618333, "fair_value": 256.910897, "relative_strength": -9.556859, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.39194, "energy": 19.377808, "activity_lines": [ 249.933334, 250.073637, 248.726191, 246.245699 ] }, { "date": "2024-12-20", "close": 239.800003, "volume": 11756, "typical_volume": 8290.35, "trend": 244.106667, "fair_value": 256.324038, "relative_strength": -10.141102, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.750443, "energy": 4.438872, "activity_lines": [ 246.823335, 248.059092, 248.215001, 245.934839 ] }, { "date": "2024-12-27", "close": 241.050003, "volume": 4760, "typical_volume": 8327.2, "trend": 243.760001, "fair_value": 255.727564, "relative_strength": -9.713865, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.194754, "energy": 9.649502, "activity_lines": [ 244.666669, 246.496365, 247.777382, 245.737635 ] }, { "date": "2025-01-03", "close": 239.149994, "volume": 7377, "typical_volume": 8478.95, "trend": 243.316667, "fair_value": 255.127884, "relative_strength": -9.71052, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.843415, "energy": 35.976057, "activity_lines": [ 242.206666, 244.87091, 247.094524, 245.440215 ] }, { "date": "2025-01-10", "close": 238.300003, "volume": 9867, "typical_volume": 8798.5, "trend": 243.195001, "fair_value": 254.551923, "relative_strength": -11.010944, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.115317, "energy": 51.143741, "activity_lines": [ 239.976667, 243.391819, 246.30262, 245.11656 ] }, { "date": "2025-01-17", "close": 242.199997, "volume": 22315, "typical_volume": 9539.3, "trend": 243.34, "fair_value": 254.054166, "relative_strength": -12.164842, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.326938, "energy": 45.861508, "activity_lines": [ 240.236666, 242.819091, 245.874762, 245.052366 ] }, { "date": "2025-01-24", "close": 244.850006, "volume": 17637, "typical_volume": 10161.75, "trend": 243.608334, "fair_value": 253.607692, "relative_strength": -12.848807, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.373869, "energy": 25.402681, "activity_lines": [ 241.820001, 242.861819, 245.695715, 245.149786 ] }, { "date": "2025-01-31", "close": 251.050003, "volume": 18672, "typical_volume": 10948.1, "trend": 243.920001, "fair_value": 253.200641, "relative_strength": -11.67142, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 38.009627, "energy": 17.408036, "activity_lines": [ 245.133335, 244.086365, 246.061192, 245.629893 ] }, { "date": "2025-02-07", "close": 252.899994, "volume": 11657, "typical_volume": 10796.75, "trend": 244.23, "fair_value": 252.786859, "relative_strength": -10.88753, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.432571, "energy": 32.3043, "activity_lines": [ 248.396666, 245.555455, 246.550715, 246.209248 ] }, { "date": "2025-02-14", "close": 259.700012, "volume": 14646, "typical_volume": 11249.4, "trend": 244.946667, "fair_value": 252.442307, "relative_strength": -11.067133, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.54145, "energy": 52.06468, "activity_lines": [ 253.010004, 248.150911, 247.639525, 247.207313 ] }, { "date": "2025-02-21", "close": 258.200012, "volume": 18502, "typical_volume": 11923.75, "trend": 245.685001, "fair_value": 252.158974, "relative_strength": -10.353639, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.912594, "energy": 69.316542, "activity_lines": [ 255.696673, 250.409095, 248.564526, 248.062367 ] }, { "date": "2025-02-28", "close": 265.950012, "volume": 28875, "typical_volume": 13142.0, "trend": 246.875001, "fair_value": 252.108974, "relative_strength": -8.457926, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.189524, "energy": 81.225916, "activity_lines": [ 259.900009, 253.90546, 250.197861, 249.369787 ] }, { "date": "2025-03-07", "close": 278.450012, "volume": 37787, "typical_volume": 14753.95, "trend": 248.571668, "fair_value": 252.067628, "relative_strength": -5.828617, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.69336, "energy": 90.501554, "activity_lines": [ 266.863344, 259.199098, 252.955957, 251.406885 ] }, { "date": "2025-03-14", "close": 274.600006, "volume": 64732, "typical_volume": 17689.7, "trend": 249.950002, "fair_value": 251.899359, "relative_strength": -6.790689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.969748, "energy": 86.46926, "activity_lines": [ 270.716677, 263.112735, 255.243338, 253.086133 ] }, { "date": "2025-03-21", "close": 270.0, "volume": 40651, "typical_volume": 19218.25, "trend": 251.058335, "fair_value": 251.733974, "relative_strength": -7.696062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.709953, "energy": 80.772217, "activity_lines": [ 271.590006, 265.545461, 257.002624, 254.379681 ] }, { "date": "2025-03-28", "close": 261.549988, "volume": 35608, "typical_volume": 20383.2, "trend": 251.728335, "fair_value": 251.511538, "relative_strength": -8.579183, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.095866, "energy": 55.207046, "activity_lines": [ 268.96, 265.865458, 257.85786, 255.056562 ] }, { "date": "2025-04-04", "close": 238.25, "volume": 30092, "typical_volume": 21176.4, "trend": 251.830002, "fair_value": 251.162821, "relative_strength": -9.050111, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.469551, "energy": 9.899887, "activity_lines": [ 258.339998, 261.597275, 256.436908, 254.186992 ] }, { "date": "2025-04-11", "close": 242.199997, "volume": 41380, "typical_volume": 22741.9, "trend": 251.900002, "fair_value": 250.848718, "relative_strength": -6.028752, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.868524, "energy": 20.594758, "activity_lines": [ 250.88333, 258.167274, 255.437859, 253.565701 ] }, { "date": "2025-04-18", "close": 254.699997, "volume": 16936, "typical_volume": 23134.8, "trend": 252.298335, "fair_value": 250.607372, "relative_strength": -4.794986, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.829782, "energy": 19.50385, "activity_lines": [ 250.009997, 257.170909, 255.647383, 253.746346 ] }, { "date": "2025-04-25", "close": 264.600006, "volume": 23282, "typical_volume": 23286.55, "trend": 252.608335, "fair_value": 250.470513, "relative_strength": -5.459407, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.785774, "energy": 25.011944, "activity_lines": [ 253.763333, 257.941819, 256.762383, 254.540002 ] }, { "date": "2025-05-02", "close": 275.200012, "volume": 7765, "typical_volume": 23214.85, "trend": 253.383335, "fair_value": 250.485577, "relative_strength": -4.998885, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.798699, "energy": 27.665032, "activity_lines": [ 261.410005, 260.550911, 258.84667, 255.99753 ] }, { "date": "2025-05-09", "close": 278.549988, "volume": 14033, "typical_volume": 23328.7, "trend": 254.263335, "fair_value": 250.520513, "relative_strength": -5.305124, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.223651, "energy": 55.274086, "activity_lines": [ 269.263333, 263.46, 261.124287, 257.621185 ] }, { "date": "2025-05-16", "close": 279.649994, "volume": 22070, "typical_volume": 24194.2, "trend": 255.031668, "fair_value": 250.538141, "relative_strength": -5.709908, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.355754, "energy": 68.137374, "activity_lines": [ 274.796664, 266.339998, 263.322144, 259.259034 ] }, { "date": "2025-05-23", "close": 279.75, "volume": 10265, "typical_volume": 24338.6, "trend": 255.833335, "fair_value": 250.523077, "relative_strength": -4.860508, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.239664, "energy": 71.556736, "activity_lines": [ 277.866665, 269.216362, 265.345715, 260.853765 ] }, { "date": "2025-05-30", "close": 286.0, "volume": 9798, "typical_volume": 24335.15, "trend": 257.061668, "fair_value": 250.520192, "relative_strength": -3.977478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.688587, "energy": 74.547162, "activity_lines": [ 281.349998, 273.135453, 267.771191, 262.800001 ] }, { "date": "2025-06-06", "close": 288.799988, "volume": 13122, "typical_volume": 23875.5, "trend": 258.370001, "fair_value": 250.626602, "relative_strength": -4.006091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.968114, "energy": 75.154882, "activity_lines": [ 284.339994, 277.272724, 270.23619, 264.847635 ] }, { "date": "2025-06-13", "close": 277.899994, "volume": 17008, "typical_volume": 23844.05, "trend": 259.371667, "fair_value": 250.764743, "relative_strength": -4.291697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.285344, "energy": 57.509524, "activity_lines": [ 282.789994, 278.932724, 271.441189, 266.107634 ] }, { "date": "2025-06-20", "close": 274.899994, "volume": 17432, "typical_volume": 23782.05, "trend": 260.335001, "fair_value": 250.889743, "relative_strength": -4.45639, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.666972, "energy": 43.197105, "activity_lines": [ 280.283327, 279.326359, 272.203093, 267.109462 ] }, { "date": "2025-06-27", "close": 283.899994, "volume": 8641, "typical_volume": 23631.25, "trend": 261.57, "fair_value": 251.139743, "relative_strength": -3.955352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.223528, "energy": 40.925276, "activity_lines": [ 281.093327, 280.761813, 273.708569, 268.629784 ] }, { "date": "2025-07-04", "close": 283.200012, "volume": 19341, "typical_volume": 23866.0, "trend": 262.471667, "fair_value": 251.359935, "relative_strength": -3.023839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.621131, "energy": 34.562535, "activity_lines": [ 281.393333, 281.539089, 274.99976, 270.025268 ] }, { "date": "2025-07-11", "close": 293.149994, "volume": 10403, "typical_volume": 23461.05, "trend": 263.95, "fair_value": 251.686538, "relative_strength": -1.412857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.095456, "energy": 56.116058, "activity_lines": [ 285.196665, 283.78727, 277.126664, 272.004515 ] }, { "date": "2025-07-18", "close": 290.549988, "volume": 14189, "typical_volume": 22726.75, "trend": 265.641667, "fair_value": 251.924679, "relative_strength": -2.249069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.346256, "energy": 71.423776, "activity_lines": [ 287.843329, 285.236359, 278.839521, 273.720644 ] }, { "date": "2025-07-25", "close": 294.299988, "volume": 11501, "typical_volume": 21412.45, "trend": 267.416666, "fair_value": 252.150961, "relative_strength": -0.589266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.799411, "energy": 78.868988, "activity_lines": [ 290.896659, 287.149085, 280.792377, 275.569568 ] }, { "date": "2025-08-01", "close": 283.25, "volume": 18155, "typical_volume": 19083.6, "trend": 268.886666, "fair_value": 252.280448, "relative_strength": -0.941602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.784914, "energy": 62.21335, "activity_lines": [ 288.973328, 286.786359, 281.617377, 276.591073 ] }, { "date": "2025-08-08", "close": 294.200012, "volume": 18250, "typical_volume": 17963.55, "trend": 270.75, "fair_value": 252.471474, "relative_strength": -0.1455, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.376627, "energy": 51.83612, "activity_lines": [ 290.743333, 288.350907, 283.444045, 278.224192 ] }, { "date": "2025-08-15", "close": 289.200012, "volume": 13219, "typical_volume": 16844.1, "trend": 272.316667, "fair_value": 252.686218, "relative_strength": -2.502184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.233289, "energy": 43.13328, "activity_lines": [ 290.113338, 288.857274, 284.679285, 279.414515 ] }, { "date": "2025-08-22", "close": 289.75, "volume": 6048, "typical_volume": 15641.9, "trend": 273.813334, "fair_value": 252.994871, "relative_strength": -2.206413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.811347, "energy": 37.809155, "activity_lines": [ 289.930005, 289.456365, 285.835237, 280.539247 ] }, { "date": "2025-08-29", "close": 283.0, "volume": 18326, "typical_volume": 14489.2, "trend": 274.878334, "fair_value": 253.280448, "relative_strength": -2.499423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.529071, "energy": 29.932979, "activity_lines": [ 287.550004, 288.612729, 286.103094, 281.131935 ] }, { "date": "2025-09-05", "close": 280.600006, "volume": 7930, "typical_volume": 14038.9, "trend": 275.801667, "fair_value": 253.51891, "relative_strength": -1.926728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.911208, "energy": 16.707007, "activity_lines": [ 285.123338, 287.185457, 285.948095, 281.501075 ] }, { "date": "2025-09-12", "close": 281.700012, "volume": 10586, "typical_volume": 13404.1, "trend": 276.535001, "fair_value": 253.871474, "relative_strength": -1.814183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.199406, "energy": 18.559717, "activity_lines": [ 283.240006, 286.018186, 285.774525, 281.881613 ] }, { "date": "2025-09-19", "close": 282.0, "volume": 8808, "typical_volume": 13456.25, "trend": 277.328334, "fair_value": 254.310256, "relative_strength": -1.302626, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.941999, "energy": 16.268661, "activity_lines": [ 282.290004, 284.932731, 285.548096, 282.234194 ] }, { "date": "2025-09-26", "close": 280.049988, "volume": 9013, "typical_volume": 13205.25, "trend": 277.798333, "fair_value": 254.749038, "relative_strength": -2.193879, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.622012, "energy": 15.647759, "activity_lines": [ 281.169999, 283.695456, 285.103572, 282.409784 ] }, { "date": "2025-10-03", "close": 288.850006, "volume": 17864, "typical_volume": 12994.95, "trend": 278.144999, "fair_value": 255.232692, "relative_strength": -1.557585, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.617832, "energy": 13.348428, "activity_lines": [ 283.630001, 284.249093, 285.490001, 283.122796 ] }, { "date": "2025-10-10", "close": 282.049988, "volume": 21761, "typical_volume": 13569.75, "trend": 278.393332, "fair_value": 255.686538, "relative_strength": -3.116876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.038617, "energy": 5.515359, "activity_lines": [ 283.433329, 283.665454, 285.185, 283.37473 ] }, { "date": "2025-10-17", "close": 275.5, "volume": 15048, "typical_volume": 13832.25, "trend": 278.576665, "fair_value": 256.0625, "relative_strength": -3.506084, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.708996, "energy": 11.544766, "activity_lines": [ 280.956663, 281.912726, 284.245238, 283.188064 ] }, { "date": "2025-10-24", "close": 282.811096, "volume": 10568, "typical_volume": 13704.55, "trend": 279.285369, "fair_value": 256.441096, "relative_strength": -2.38596, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.402237, "energy": 7.635595, "activity_lines": [ 281.330363, 281.829289, 284.051771, 283.461253 ] }, { "date": "2025-10-31", "close": 277.950012, "volume": 10500, "typical_volume": 13379.15, "trend": 280.608703, "fair_value": 256.78084, "relative_strength": -2.726799, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.877463, "energy": 27.805452, "activity_lines": [ 280.029628, 280.97818, 283.423862, 283.375101 ] }, { "date": "2025-11-07", "close": 268.700012, "volume": 32163, "typical_volume": 14115.7, "trend": 281.492036, "fair_value": 256.926673, "relative_strength": -4.169453, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.487331, "energy": 59.682053, "activity_lines": [ 275.785559, 278.659799, 281.914763, 282.606798 ] }, { "date": "2025-11-14", "close": 274.649994, "volume": 13069, "typical_volume": 14337.1, "trend": 282.157036, "fair_value": 257.12475, "relative_strength": -3.086067, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.716638, "energy": 49.551793, "activity_lines": [ 274.86815, 277.683232, 281.001852, 282.165376 ] }, { "date": "2025-11-21", "close": 263.950012, "volume": 27113, "typical_volume": 14725.7, "trend": 282.13537, "fair_value": 257.240456, "relative_strength": -3.493386, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.246012, "energy": 75.913508, "activity_lines": [ 270.877413, 274.869396, 279.113943, 280.990729 ] }, { "date": "2025-11-28", "close": 279.5, "volume": 13561, "typical_volume": 14883.6, "trend": 282.278703, "fair_value": 257.444943, "relative_strength": -0.864404, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.175697, "energy": 57.865941, "activity_lines": [ 272.840004, 275.205557, 278.798652, 280.820706 ] }, { "date": "2025-12-05", "close": 277.350006, "volume": 11567, "typical_volume": 14752.5, "trend": 282.238703, "fair_value": 257.670904, "relative_strength": -2.247779, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.004473, "energy": 34.047144, "activity_lines": [ 274.306671, 275.196266, 278.3436, 280.502725 ] }, { "date": "2025-12-12", "close": 279.399994, "volume": 7172, "typical_volume": 14536.05, "trend": 282.23037, "fair_value": 257.948148, "relative_strength": -2.067799, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.150742, "energy": 22.735917, "activity_lines": [ 276.496667, 275.60879, 278.146641, 280.319583 ] }, { "date": "2025-12-19", "close": 283.299988, "volume": 23285, "typical_volume": 14792.55, "trend": 282.348703, "fair_value": 258.232763, "relative_strength": -1.053662, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.626118, "energy": 17.794238, "activity_lines": [ 279.27333, 276.902222, 278.392063, 280.38859 ] }, { "date": "2025-12-26", "close": 282.700012, "volume": 8444, "typical_volume": 14302.25, "trend": 282.238703, "fair_value": 258.521866, "relative_strength": -1.400816, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.13894, "energy": 18.066036, "activity_lines": [ 281.273334, 278.06384, 278.580107, 280.411255 ] }, { "date": "2026-01-02", "close": 289.049988, "volume": 5823, "typical_volume": 13932.45, "trend": 282.247037, "fair_value": 258.738532, "relative_strength": 0.033574, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.719302, "energy": 27.781622, "activity_lines": [ 284.139996, 280.24909, 279.427672, 280.850693 ] }, { "date": "2026-01-09", "close": 300.049988, "volume": 9106, "typical_volume": 14085.35, "trend": 282.98537, "fair_value": 258.948789, "relative_strength": 0.856626, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.427967, "energy": 58.318122, "activity_lines": [ 290.03666, 284.320906, 281.32357, 281.99927 ] }, { "date": "2026-01-16", "close": 297.450012, "volume": 8788, "typical_volume": 13608.45, "trend": 283.737037, "fair_value": 259.129238, "relative_strength": -0.185551, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.889499, "energy": 64.475693, "activity_lines": [ 293.553333, 287.518181, 282.922804, 282.932473 ] }, { "date": "2026-01-23", "close": 296.899994, "volume": 9623, "typical_volume": 13693.1, "trend": 284.17037, "fair_value": 259.269302, "relative_strength": 1.136897, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.618755, "energy": 67.599317, "activity_lines": [ 295.683331, 290.092725, 284.400846, 283.781696 ] }, { "date": "2026-01-30", "close": 291.049988, "volume": 5898, "typical_volume": 13458.7, "trend": 284.432036, "fair_value": 259.329558, "relative_strength": 0.555678, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.932574, "energy": 61.292344, "activity_lines": [ 294.956661, 291.199087, 285.244125, 284.225542 ] }, { "date": "2026-02-06", "close": 295.450012, "volume": 7511, "typical_volume": 13393.85, "trend": 284.508704, "fair_value": 259.502315, "relative_strength": 1.265003, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.168153, "energy": 57.259243, "activity_lines": [ 295.14, 292.612726, 286.46193, 284.93638 ] }, { "date": "2026-02-13", "close": 292.0, "volume": 4589, "typical_volume": 13172.65, "trend": 284.557037, "fair_value": 259.625392, "relative_strength": -0.724303, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.780659, "energy": 39.948865, "activity_lines": [ 293.746667, 293.10909, 287.287116, 285.419689 ] }, { "date": "2026-02-20", "close": 296.799988, "volume": 4714, "typical_volume": 12515.15, "trend": 284.640371, "fair_value": 259.805199, "relative_strength": -0.500431, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.048353, "energy": 40.528676, "activity_lines": [ 294.489996, 294.211815, 288.512538, 286.209557 ] }, { "date": "2026-02-27", "close": 294.450012, "volume": 4389, "typical_volume": 11646.55, "trend": 285.013704, "fair_value": 259.940776, "relative_strength": -1.356572, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.192603, "energy": 35.900863, "activity_lines": [ 294.493335, 294.570909, 289.476296, 286.842437 ] }, { "date": "2026-03-06", "close": 275.0, "volume": 29731, "typical_volume": 12380.7, "trend": 284.373704, "fair_value": 260.006161, "relative_strength": -1.188511, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.029469, "energy": 12.389586, "activity_lines": [ 288.176668, 291.190909, 288.528624, 286.196392 ] }, { "date": "2026-03-13", "close": 268.899994, "volume": 15402, "typical_volume": 12622.4, "trend": 283.697037, "fair_value": 260.126033, "relative_strength": -2.712261, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.705128, "energy": 33.474499, "activity_lines": [ 280.896665, 286.841817, 287.00238, 285.198088 ] }, { "date": "2026-03-20", "close": 259.25, "volume": 27812, "typical_volume": 13488.0, "trend": 282.68037, "fair_value": 260.183405, "relative_strength": -1.697554, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.176555, "energy": 57.672652, "activity_lines": [ 272.169999, 281.104545, 284.623332, 283.620859 ] }, { "date": "2026-03-27", "close": 257.899994, "volume": 10147, "typical_volume": 12387.2, "trend": 281.843703, "fair_value": 260.159687, "relative_strength": -1.848331, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.96544, "energy": 66.457834, "activity_lines": [ 265.176664, 275.863635, 282.20476, 282.022126 ] }, { "date": "2026-04-03", "close": 269.700012, "volume": 7845, "typical_volume": 12126.0, "trend": 281.48037, "fair_value": 260.240135, "relative_strength": -1.215985, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.021635, "energy": 75.523308, "activity_lines": [ 264.710002, 273.487274, 280.961428, 281.238662 ] }, { "date": "2026-04-10", "close": 283.0, "volume": 20899, "typical_volume": 11815.3, "trend": 281.523703, "fair_value": 260.370584, "relative_strength": 0.88634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.223323, "energy": 52.449325, "activity_lines": [ 270.326668, 274.023637, 281.008333, 281.336702 ] }, { "date": "2026-04-17", "close": 297.850006, "volume": 13418, "typical_volume": 11808.15, "trend": 282.052037, "fair_value": 260.601033, "relative_strength": 2.311173, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 16.43043, "energy": 9.644836, "activity_lines": [ 280.360004, 277.406365, 282.37881, 282.390012 ] }, { "date": "2026-04-24", "close": 281.899994, "volume": 14049, "typical_volume": 11932.25, "trend": 282.113703, "fair_value": 260.721546, "relative_strength": -0.832595, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.74953, "energy": 14.988994, "activity_lines": [ 283.146667, 277.845455, 282.142857, 282.380203 ] }, { "date": "2026-05-01", "close": 284.75, "volume": 12268, "typical_volume": 12187.05, "trend": 281.977037, "fair_value": 260.874751, "relative_strength": -0.471544, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.860975, "energy": 20.962496, "activity_lines": [ 285.373334, 278.986364, 282.156667, 282.550287 ] }, { "date": "2026-05-08", "close": 290.200012, "volume": 12224, "typical_volume": 11634.0, "trend": 282.248704, "fair_value": 261.083084, "relative_strength": 1.22909, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.757597, "energy": 23.070757, "activity_lines": [ 287.62667, 281.337275, 282.664049, 283.080801 ] }, { "date": "2026-05-15", "close": 291.850006, "volume": 7767, "typical_volume": 11600.15, "trend": 282.793704, "fair_value": 261.283405, "relative_strength": 3.383352, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.141352, "energy": 29.592324, "activity_lines": [ 289.063338, 284.065458, 283.295716, 283.70024 ] }, { "date": "2026-05-22", "close": 298.450012, "volume": 6270, "typical_volume": 11622.5, "trend": 283.315001, "fair_value": 261.565777, "relative_strength": 1.711616, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.125503, "energy": 40.544351, "activity_lines": [ 292.110008, 287.687278, 284.512384, 284.710324 ] }, { "date": "2026-05-29", "close": 310.049988, "volume": 13066, "typical_volume": 11820.5, "trend": 284.385001, "fair_value": 261.906482, "relative_strength": 4.681335, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.084434, "energy": 61.946938, "activity_lines": [ 298.983335, 292.880911, 286.789049, 286.435162 ] }, { "date": "2026-06-05", "close": 302.049988, "volume": 696, "typical_volume": 11415.9, "trend": 285.496666, "fair_value": 262.203276, "relative_strength": 3.350612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.50676, "energy": 63.66696, "activity_lines": [ 301.31333, 295.696363, 288.256191, 287.574839 ] }, { "date": "2026-06-12", "close": 298.100006, "volume": 967, "typical_volume": 10983.1, "trend": 286.278334, "fair_value": 262.453917, "relative_strength": 2.464173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.158695, "energy": 62.765676, "activity_lines": [ 301.173332, 296.99091, 289.325239, 288.387957 ] }, { "date": "2026-06-19", "close": 303.100006, "volume": 821, "typical_volume": 10729.25, "trend": 287.583333, "fair_value": 262.778597, "relative_strength": 2.661369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.337909, "energy": 63.272707, "activity_lines": [ 302.173334, 298.678183, 290.864763, 289.473227 ] }, { "date": "2026-06-26", "close": 293.399994, "volume": 210, "typical_volume": 10364.2, "trend": 288.046666, "fair_value": 262.991738, "relative_strength": 0.630107, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.273617, "energy": 34.698982, "activity_lines": [ 299.189998, 298.236364, 291.423096, 289.848495 ] }, { "date": "2026-07-03", "close": 306.399994, "volume": 1920, "typical_volume": 10230.75, "trend": 289.014999, "fair_value": 263.325071, "relative_strength": 0.574995, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.423805, "energy": 38.637477, "activity_lines": [ 300.876664, 300.23909, 293.229286, 291.032581 ] }, { "date": "2026-07-10", "close": 296.649994, "volume": 212, "typical_volume": 10005.65, "trend": 289.589999, "fair_value": 263.546866, "relative_strength": 0.182291, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.442121, "energy": 28.211891, "activity_lines": [ 299.556663, 300.023634, 294.038333, 291.525161 ] }, { "date": "2026-07-17", "close": 296.100006, "volume": 281, "typical_volume": 9800.25, "trend": 290.016667, "fair_value": 263.740135, "relative_strength": 0.953523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.802023, "energy": 23.481257, "activity_lines": [ 298.413332, 299.491817, 294.795714, 291.945161 ] }, { "date": "2026-07-24", "close": 296.75, "volume": 13137, "typical_volume": 8970.55, "trend": 290.485, "fair_value": 263.909366, "relative_strength": 0.14841, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.880363, "energy": 25.532851, "activity_lines": [ 297.619999, 298.970908, 295.607143, 292.37957 ] }, { "date": "2026-07-31", "close": 297.200012, "volume": 8691, "typical_volume": 8635.0, "trend": 290.756667, "fair_value": 264.118661, "relative_strength": -1.695528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.640174, "energy": 18.186608, "activity_lines": [ 297.400004, 298.442728, 296.357858, 292.812797 ] }, { "date": "2026-08-07", "close": 301.350006, "volume": 5778, "typical_volume": 7533.3, "trend": 290.800001, "fair_value": 264.355841, "relative_strength": -2.821786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.237832, "energy": 24.155296, "activity_lines": [ 298.310006, 298.691821, 297.369049, 293.496238 ] }, { "date": "2026-08-14", "close": 301.399994, "volume": 4162, "typical_volume": 7234.05, "trend": 290.931667, "fair_value": 264.648789, "relative_strength": -3.175199, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.111229, "energy": 31.283715, "activity_lines": [ 299.573336, 299.108183, 298.184525, 294.180108 ] }, { "date": "2026-08-21", "close": 298.05, "volume": 3418, "typical_volume": 7012.7, "trend": 290.970001, "fair_value": 264.928597, "relative_strength": -3.06113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.911375, "energy": 29.270123, "activity_lines": [ 299.403335, 298.927274, 298.47381, 294.639356 ] } ], "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." } } }