{ "ticker": { "uuid": "fd541921-220a-4c00-b0b5-18ef7a1d398e", "symbol": "BH", "name": "Bumrungrad Hospital Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 68.976, "architecture_energy": 39.888, "architecture_maturity": 60.054, "architecture_confidence": 49.826, "architecture_tenure": "Established", "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": 33.47, "rotation_up": 44.47, "upward_expansion": 71.15, "deceleration": 69.66, "rotation_down": 26.48, "downward_expansion": 9.15 }, "activity_lines": [ 187.266667, 187.054545, 183.811905, 180.735259 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 192.5, "trend_reference": 175.7517, "distance_from_trend": 0.095295, "trend_direction": "Improving", "fair_value": 190.140841, "distance_from_fair_value": 0.012407, "fair_value_direction": "Improving", "relative_strength": -2.264861, "relative_strength_direction": "Improving", "price_momentum": 0.193196, "excess_performance": 0.000871, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.095295, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.061031, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.012407, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.081878, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.022649, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.008457, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.193196, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.382304, "read": "Demand-led" } ], "volume": { "latest": 20283600, "relative_activity": 1.184727, "balance": 1.382304, "dry_up": 1.028845, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.03976, "annualized_volatility": 0.423162, "from_high_reference": -0.052134, "from_low_reference": 0.491495 }, "levels": { "trend_reference": 175.7517, "fair_value_reference": 190.140841, "structural_low": 155.637399, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": 0.019943, "positive_rate": 0.62963, "directional_follow_through": 0.62963, "median_excess_return": 0.009665, "regime_survival": 0.740741, "best_return": 0.185408, "worst_return": -0.255396, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.042105, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.04777, "regime_survival": 0.333333, "best_return": 0.266377, "worst_return": -0.156523, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.059617, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.080329, "regime_survival": 0.428571, "best_return": 0.391269, "worst_return": -0.165296, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.123586, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.151578, "regime_survival": 0.75, "best_return": 0.635725, "worst_return": -0.327069, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-08", "end": "2024-05-10", "tenure": "Developing", "return": 0.119819, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.04, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-19", "tenure": "Developing", "return": 0.064378, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-11-01", "tenure": "Established", "return": 0.10685, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-08", "end": "2024-11-29", "tenure": "New", "return": -0.099567, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-06", "end": "2025-08-01", "tenure": "Extended", "return": -0.186441, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-09-19", "tenure": "Developing", "return": -0.037125, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-10-03", "tenure": "New", "return": -0.017094, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-12-26", "tenure": "Developing", "return": -0.08547, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-01-23", "tenure": "New", "return": 0.057143, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": 0.119403, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.103913, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": 0.088415, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.084507, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 234.505234, "volume": 16147400, "typical_volume": 9663725.0, "trend": 203.226672, "fair_value": 147.741023, "relative_strength": 22.60233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.974227, "energy": 58.838375, "activity_lines": [ 216.116181, 208.743138, 208.016958, 206.641455 ] }, { "date": "2023-08-25", "close": 233.024368, "volume": 13392400, "typical_volume": 10008710.0, "trend": 204.714239, "fair_value": 148.619969, "relative_strength": 18.031763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.099877, "energy": 80.158217, "activity_lines": [ 224.008445, 213.717791, 210.323233, 208.563887 ] }, { "date": "2023-09-01", "close": 230.314774, "volume": 6748500, "typical_volume": 9940535.0, "trend": 205.963376, "fair_value": 149.492475, "relative_strength": 16.056713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.53334, "energy": 84.053303, "activity_lines": [ 228.58047, 217.703959, 212.245869, 210.215534 ] }, { "date": "2023-09-08", "close": 230.314774, "volume": 4948800, "typical_volume": 9601110.0, "trend": 207.419868, "fair_value": 150.373179, "relative_strength": 16.628438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.919114, "energy": 84.036839, "activity_lines": [ 230.736397, 221.24356, 214.07294, 211.786592 ] }, { "date": "2023-09-15", "close": 233.024368, "volume": 15368100, "typical_volume": 9779300.0, "trend": 208.759325, "fair_value": 151.273984, "relative_strength": 17.830262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.393139, "energy": 82.194438, "activity_lines": [ 231.858615, 224.780241, 216.088173, 213.438495 ] }, { "date": "2023-09-22", "close": 239.346741, "volume": 9316700, "typical_volume": 10084265.0, "trend": 210.309527, "fair_value": 152.237177, "relative_strength": 21.938766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.641209, "energy": 77.481608, "activity_lines": [ 234.228628, 228.823586, 218.614183, 215.411877 ] }, { "date": "2023-09-29", "close": 242.05632, "volume": 11820500, "typical_volume": 10076760.0, "trend": 212.157404, "fair_value": 153.258726, "relative_strength": 26.89526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.107905, "energy": 68.205146, "activity_lines": [ 237.179066, 232.601774, 221.29818, 217.460057 ] }, { "date": "2023-10-06", "close": 233.927567, "volume": 8011800, "typical_volume": 10060945.0, "trend": 213.586211, "fair_value": 154.228168, "relative_strength": 24.861237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.673057, "energy": 56.245517, "activity_lines": [ 236.81779, 234.078595, 223.107874, 218.864584 ] }, { "date": "2023-10-13", "close": 238.443558, "volume": 9077000, "typical_volume": 10141620.0, "trend": 215.155069, "fair_value": 155.242952, "relative_strength": 25.573307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.561217, "energy": 54.522825, "activity_lines": [ 237.720991, 235.651883, 225.234894, 220.468283 ] }, { "date": "2023-10-20", "close": 235.733963, "volume": 6051300, "typical_volume": 9759565.0, "trend": 216.513809, "fair_value": 156.23217, "relative_strength": 27.943645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.970641, "energy": 48.509365, "activity_lines": [ 237.179075, 236.056475, 226.948191, 221.795954 ] }, { "date": "2023-10-27", "close": 231.217972, "volume": 7878600, "typical_volume": 9822180.0, "trend": 217.452469, "fair_value": 157.217032, "relative_strength": 25.725493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.136704, "energy": 34.038394, "activity_lines": [ 234.951189, 235.356257, 228.092908, 222.74461 ] }, { "date": "2023-11-03", "close": 232.121185, "volume": 11290300, "typical_volume": 10051145.0, "trend": 218.301437, "fair_value": 158.192655, "relative_strength": 22.681766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.731823, "energy": 29.993932, "activity_lines": [ 233.566292, 234.880029, 229.228059, 223.690979 ] }, { "date": "2023-11-10", "close": 207.734909, "volume": 28792600, "typical_volume": 11211160.0, "trend": 218.217732, "fair_value": 158.942278, "relative_strength": 11.859208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.753464, "energy": 14.853805, "activity_lines": [ 224.714979, 229.986354, 227.915146, 223.009267 ] }, { "date": "2023-11-17", "close": 197.799774, "volume": 19086900, "typical_volume": 11798030.0, "trend": 217.623159, "fair_value": 159.587228, "relative_strength": 4.189404, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -42.944724, "energy": 43.544106, "activity_lines": [ 214.298131, 223.696834, 225.646596, 221.691979 ] }, { "date": "2023-11-24", "close": 195.993362, "volume": 14766400, "typical_volume": 12271350.0, "trend": 217.028271, "fair_value": 160.152287, "relative_strength": 4.283521, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.16865, "energy": 67.38503, "activity_lines": [ 205.988732, 217.670057, 223.231047, 220.296509 ] }, { "date": "2023-12-01", "close": 199.60614, "volume": 16445200, "typical_volume": 12601925.0, "trend": 216.404061, "fair_value": 160.729576, "relative_strength": 7.115665, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.625394, "energy": 69.564663, "activity_lines": [ 201.532965, 212.973439, 221.167542, 219.1725 ] }, { "date": "2023-12-08", "close": 193.283783, "volume": 9855000, "typical_volume": 12712515.0, "trend": 215.479257, "fair_value": 161.277266, "relative_strength": 3.304136, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.172228, "energy": 73.828531, "activity_lines": [ 197.077201, 207.849859, 218.492676, 217.680869 ] }, { "date": "2023-12-15", "close": 196.896561, "volume": 10852800, "typical_volume": 12929235.0, "trend": 215.034273, "fair_value": 161.883636, "relative_strength": 4.119567, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.707854, "energy": 70.779303, "activity_lines": [ 196.414857, 204.269921, 216.178478, 216.481986 ] }, { "date": "2023-12-22", "close": 195.090164, "volume": 9818700, "typical_volume": 12797850.0, "trend": 214.678824, "fair_value": 162.445638, "relative_strength": 1.786142, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.700477, "energy": 59.518101, "activity_lines": [ 195.872937, 201.034838, 213.678799, 215.195269 ] }, { "date": "2023-12-29", "close": 200.509323, "volume": 7476000, "typical_volume": 11857250.0, "trend": 214.474064, "fair_value": 163.075168, "relative_strength": 3.399925, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.091097, "energy": 53.839369, "activity_lines": [ 197.318044, 199.5733, 211.724616, 214.281108 ] }, { "date": "2024-01-05", "close": 205.025314, "volume": 10560800, "typical_volume": 11577920.0, "trend": 214.27009, "fair_value": 163.687194, "relative_strength": 4.462687, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.401941, "energy": 41.093617, "activity_lines": [ 199.967417, 199.573299, 210.293956, 213.671511 ] }, { "date": "2024-01-12", "close": 215.863647, "volume": 17082300, "typical_volume": 11762415.0, "trend": 214.60709, "fair_value": 164.396022, "relative_strength": 10.503164, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.63971, "energy": 23.029215, "activity_lines": [ 205.86829, 202.020135, 210.035899, 213.774321 ] }, { "date": "2024-01-19", "close": 216.766846, "volume": 15508900, "typical_volume": 12200435.0, "trend": 214.974197, "fair_value": 165.102442, "relative_strength": 12.732805, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.496573, "energy": 23.875468, "activity_lines": [ 210.564905, 204.92678, 209.945579, 213.91366 ] }, { "date": "2024-01-26", "close": 215.863647, "volume": 9270000, "typical_volume": 12416495.0, "trend": 215.401047, "fair_value": 165.800339, "relative_strength": 12.728708, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.574735, "energy": 24.82021, "activity_lines": [ 213.635767, 207.50499, 209.833753, 213.971044 ] }, { "date": "2024-02-02", "close": 218.573257, "volume": 12464400, "typical_volume": 12271310.0, "trend": 216.097914, "fair_value": 166.507409, "relative_strength": 12.156544, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.475259, "energy": 28.721408, "activity_lines": [ 216.224935, 210.247422, 210.048801, 214.175703 ] }, { "date": "2024-02-09", "close": 221.282837, "volume": 9382200, "typical_volume": 12274585.0, "trend": 216.885101, "fair_value": 167.23458, "relative_strength": 12.469933, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.379962, "energy": 34.938937, "activity_lines": [ 218.513033, 213.071962, 210.590718, 214.510214 ] }, { "date": "2024-02-16", "close": 219.476456, "volume": 5888500, "typical_volume": 11977985.0, "trend": 217.642025, "fair_value": 167.944707, "relative_strength": 11.094147, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.891132, "energy": 39.316277, "activity_lines": [ 219.115169, 215.173947, 211.046618, 214.677398 ] }, { "date": "2024-02-23", "close": 212.25087, "volume": 13018400, "typical_volume": 12228315.0, "trend": 218.247944, "fair_value": 168.613981, "relative_strength": 6.04103, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": 0.728372, "energy": 21.425561, "activity_lines": [ 217.067923, 215.485959, 210.92189, 214.329582 ] }, { "date": "2024-03-01", "close": 204.122131, "volume": 14994400, "typical_volume": 12524185.0, "trend": 218.343309, "fair_value": 169.217485, "relative_strength": 3.808851, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -34.937468, "energy": 16.501602, "activity_lines": [ 212.612162, 214.040849, 210.126219, 213.418239 ] }, { "date": "2024-03-08", "close": 207.734909, "volume": 13710900, "typical_volume": 12907165.0, "trend": 217.930158, "fair_value": 169.80011, "relative_strength": 3.776528, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.850591, "energy": 24.202044, "activity_lines": [ 210.143429, 213.08839, 209.838058, 212.733826 ] }, { "date": "2024-03-15", "close": 210.645126, "volume": 6034900, "typical_volume": 12814980.0, "trend": 217.134822, "fair_value": 170.398617, "relative_strength": 4.846051, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.293259, "energy": 27.234087, "activity_lines": [ 209.367324, 212.533687, 209.960388, 212.263824 ] }, { "date": "2024-03-22", "close": 210.645126, "volume": 9542600, "typical_volume": 12727595.0, "trend": 216.388847, "fair_value": 170.999897, "relative_strength": 4.807868, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.795308, "energy": 26.408313, "activity_lines": [ 209.3004, 211.876806, 210.180685, 211.845134 ] }, { "date": "2024-03-29", "close": 205.150024, "volume": 9230400, "typical_volume": 11749485.0, "trend": 215.550022, "fair_value": 171.55763, "relative_strength": 1.997519, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.890601, "energy": 28.194256, "activity_lines": [ 207.99053, 210.315698, 209.979905, 211.120048 ] }, { "date": "2024-04-05", "close": 210.645126, "volume": 10299300, "typical_volume": 11310105.0, "trend": 214.894367, "fair_value": 172.117299, "relative_strength": 4.604757, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.521574, "energy": 22.235134, "activity_lines": [ 208.985751, 209.964914, 210.314778, 210.803604 ] }, { "date": "2024-04-12", "close": 207.897583, "volume": 7529900, "typical_volume": 10948280.0, "trend": 214.056807, "fair_value": 172.684322, "relative_strength": 1.477561, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.833195, "energy": 23.823907, "activity_lines": [ 208.630258, 209.209459, 210.326811, 210.352198 ] }, { "date": "2024-04-19", "close": 207.897583, "volume": 0, "typical_volume": 10126020.0, "trend": 213.008502, "fair_value": 173.256893, "relative_strength": 6.129761, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.23667, "energy": 22.3875, "activity_lines": [ 208.26392, 208.648107, 210.282158, 209.954829 ] }, { "date": "2024-04-26", "close": 227.130402, "volume": 28595700, "typical_volume": 11063055.0, "trend": 212.510971, "fair_value": 173.969396, "relative_strength": 13.170502, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.768262, "energy": 21.416562, "activity_lines": [ 214.491691, 211.826999, 212.029718, 210.865919 ] }, { "date": "2024-05-03", "close": 229.877945, "volume": 10837100, "typical_volume": 11062270.0, "trend": 212.375984, "fair_value": 174.710609, "relative_strength": 13.329805, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 41.91158, "energy": 54.533022, "activity_lines": [ 220.536292, 215.366282, 213.877775, 211.986369 ] }, { "date": "2024-05-10", "close": 232.625488, "volume": 5535700, "typical_volume": 10848120.0, "trend": 212.182048, "fair_value": 175.497174, "relative_strength": 14.10384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.222204, "energy": 76.696957, "activity_lines": [ 225.848212, 219.084626, 215.830449, 213.292789 ] }, { "date": "2024-05-17", "close": 228.962082, "volume": 9095100, "typical_volume": 10929075.0, "trend": 211.956319, "fair_value": 176.254709, "relative_strength": 11.046106, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.907128, "energy": 75.480624, "activity_lines": [ 228.473639, 221.618654, 217.255487, 214.375371 ] }, { "date": "2024-05-24", "close": 228.962082, "volume": 1803800, "typical_volume": 10491225.0, "trend": 211.881123, "fair_value": 176.995598, "relative_strength": 12.044739, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.438547, "energy": 76.3181, "activity_lines": [ 229.694766, 223.766733, 218.545036, 215.472517 ] }, { "date": "2024-05-31", "close": 224.382843, "volume": 3029300, "typical_volume": 9788575.0, "trend": 211.623178, "fair_value": 177.70436, "relative_strength": 10.886951, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.000524, "energy": 67.145723, "activity_lines": [ 227.985181, 224.749187, 219.284482, 216.27908 ] }, { "date": "2024-06-07", "close": 223.46701, "volume": 4354300, "typical_volume": 9230845.0, "trend": 212.147581, "fair_value": 178.385057, "relative_strength": 11.051902, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.757395, "energy": 40.851324, "activity_lines": [ 226.153488, 225.315349, 219.896138, 217.043198 ] }, { "date": "2024-06-14", "close": 219.803604, "volume": 9687400, "typical_volume": 9251715.0, "trend": 212.881042, "fair_value": 179.050594, "relative_strength": 10.907505, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.842395, "energy": 25.617452, "activity_lines": [ 223.528056, 224.882402, 220.126993, 217.537135 ] }, { "date": "2024-06-21", "close": 213.39267, "volume": 6518900, "typical_volume": 8954440.0, "trend": 213.461019, "fair_value": 179.708324, "relative_strength": 7.322098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.34073, "energy": 18.2301, "activity_lines": [ 219.620438, 223.117313, 219.728521, 217.570143 ] }, { "date": "2024-06-28", "close": 226.214554, "volume": 6579600, "typical_volume": 8814310.0, "trend": 214.347966, "fair_value": 180.448246, "relative_strength": 13.690036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.93818, "energy": 21.485114, "activity_lines": [ 221.024742, 223.583564, 220.575851, 218.392952 ] }, { "date": "2024-07-05", "close": 226.214554, "volume": 4946100, "typical_volume": 8767190.0, "trend": 215.445659, "fair_value": 181.19649, "relative_strength": 12.17283, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.57015, "energy": 19.454909, "activity_lines": [ 222.612214, 223.71678, 221.399696, 219.158538 ] }, { "date": "2024-07-12", "close": 226.214554, "volume": 1666200, "typical_volume": 8199580.0, "trend": 216.422925, "fair_value": 181.953057, "relative_strength": 9.939662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.412587, "energy": 25.338298, "activity_lines": [ 224.077573, 223.866647, 222.191455, 219.853306 ] }, { "date": "2024-07-19", "close": 227.130402, "volume": 6137400, "typical_volume": 7756730.0, "trend": 217.490933, "fair_value": 182.734913, "relative_strength": 11.028447, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.918627, "energy": 33.341517, "activity_lines": [ 225.665044, 224.249639, 223.003944, 220.544111 ] }, { "date": "2024-07-26", "close": 224.382843, "volume": 8579300, "typical_volume": 7500150.0, "trend": 218.286717, "fair_value": 183.507479, "relative_strength": 9.894064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.198452, "energy": 37.855379, "activity_lines": [ 225.84821, 224.232986, 223.445197, 220.98875 ] }, { "date": "2024-08-02", "close": 226.214554, "volume": 3649300, "typical_volume": 7380870.0, "trend": 218.993025, "fair_value": 184.305657, "relative_strength": 9.744956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.388751, "energy": 39.853111, "activity_lines": [ 225.909267, 224.63263, 223.981623, 221.500224 ] }, { "date": "2024-08-09", "close": 231.709625, "volume": 12785600, "typical_volume": 7543020.0, "trend": 219.521224, "fair_value": 185.080804, "relative_strength": 13.30904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.031211, "energy": 51.11828, "activity_lines": [ 227.802015, 226.081333, 224.967249, 222.320649 ] }, { "date": "2024-08-16", "close": 222.551163, "volume": 8671300, "typical_volume": 7515065.0, "trend": 219.714035, "fair_value": 185.78892, "relative_strength": 8.118458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.37559, "energy": 27.664108, "activity_lines": [ 226.275604, 225.731647, 224.980334, 222.516129 ] }, { "date": "2024-08-23", "close": 225.276443, "volume": 7761900, "typical_volume": 7388195.0, "trend": 220.027795, "fair_value": 186.488651, "relative_strength": 5.036233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.61995, "energy": 24.778128, "activity_lines": [ 225.901846, 225.894118, 225.170106, 222.874994 ] }, { "date": "2024-08-30", "close": 226.199722, "volume": 13016900, "typical_volume": 7662545.0, "trend": 220.28201, "fair_value": 187.185906, "relative_strength": 4.899399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.186394, "energy": 20.640381, "activity_lines": [ 225.959445, 226.124952, 225.378137, 223.273183 ] }, { "date": "2024-09-06", "close": 251.127838, "volume": 14114500, "typical_volume": 8368270.0, "trend": 221.276844, "fair_value": 188.068141, "relative_strength": 10.503938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.561985, "energy": 58.786082, "activity_lines": [ 234.205291, 230.655315, 227.873121, 225.263236 ] }, { "date": "2024-09-13", "close": 252.974396, "volume": 44337000, "typical_volume": 9155335.0, "trend": 222.393442, "fair_value": 188.942624, "relative_strength": 11.214603, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.807217, "energy": 79.764917, "activity_lines": [ 241.40577, 235.068447, 230.338109, 227.30824 ] }, { "date": "2024-09-20", "close": 251.127838, "volume": 2745500, "typical_volume": 8750755.0, "trend": 223.689341, "fair_value": 189.7577, "relative_strength": 8.120983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.661844, "energy": 84.460121, "activity_lines": [ 246.573078, 238.659299, 232.504168, 229.162072 ] }, { "date": "2024-09-27", "close": 251.127838, "volume": 8728700, "typical_volume": 8910405.0, "trend": 225.256198, "fair_value": 190.567179, "relative_strength": 8.123129, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.038043, "energy": 87.474641, "activity_lines": [ 249.835275, 241.797181, 234.569037, 230.932298 ] }, { "date": "2024-10-04", "close": 242.818481, "volume": 9760900, "typical_volume": 8943695.0, "trend": 226.42565, "fair_value": 191.337385, "relative_strength": 4.903307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.241403, "energy": 79.95924, "activity_lines": [ 248.60426, 242.987955, 235.754432, 232.065348 ] }, { "date": "2024-10-11", "close": 247.434799, "volume": 8561700, "typical_volume": 9281590.0, "trend": 227.651972, "fair_value": 192.123191, "relative_strength": 4.968211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.410056, "energy": 56.625943, "activity_lines": [ 247.8041, 244.682866, 237.313494, 233.420777 ] }, { "date": "2024-10-18", "close": 256.66745, "volume": 7195700, "typical_volume": 9489910.0, "trend": 229.18605, "fair_value": 192.970978, "relative_strength": 7.394468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.115195, "energy": 56.44832, "activity_lines": [ 250.327694, 247.670618, 239.66389, 235.292743 ] }, { "date": "2024-10-25", "close": 250.20459, "volume": 5352500, "typical_volume": 9539820.0, "trend": 230.687869, "fair_value": 193.760548, "relative_strength": 6.522486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.907194, "energy": 46.369388, "activity_lines": [ 250.450796, 249.029526, 241.24504, 236.648778 ] }, { "date": "2024-11-01", "close": 248.358063, "volume": 6369600, "typical_volume": 9373930.0, "trend": 231.944967, "fair_value": 194.518692, "relative_strength": 5.604612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.623569, "energy": 43.312239, "activity_lines": [ 250.01994, 249.549912, 242.523009, 237.788791 ] }, { "date": "2024-11-08", "close": 213.274002, "volume": 37202400, "typical_volume": 10908105.0, "trend": 232.124181, "fair_value": 195.023956, "relative_strength": -9.303519, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 1.652588, "energy": 8.149345, "activity_lines": [ 238.079049, 243.271712, 240.323664, 236.584212 ] }, { "date": "2024-11-15", "close": 191.115677, "volume": 51601400, "typical_volume": 13159195.0, "trend": 231.564784, "fair_value": 195.395574, "relative_strength": -17.412175, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -47.964972, "energy": 46.41006, "activity_lines": [ 220.721681, 233.199739, 236.014568, 233.938502 ] }, { "date": "2024-11-22", "close": 190.192429, "volume": 26895900, "typical_volume": 14256685.0, "trend": 230.333518, "fair_value": 195.789257, "relative_strength": -17.933612, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.018538, "energy": 70.777273, "activity_lines": [ 206.811172, 224.051032, 231.784681, 231.269318 ] }, { "date": "2024-11-29", "close": 192.03894, "volume": 30607300, "typical_volume": 15703740.0, "trend": 229.072218, "fair_value": 196.228356, "relative_strength": -15.946178, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.879407, "energy": 88.92728, "activity_lines": [ 197.947834, 216.379546, 227.902186, 228.7987 ] }, { "date": "2024-12-06", "close": 193.885468, "volume": 16202500, "typical_volume": 16206995.0, "trend": 227.780884, "fair_value": 196.670897, "relative_strength": -16.500749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.858937, "energy": 87.969718, "activity_lines": [ 193.577716, 210.118135, 224.358292, 226.528587 ] }, { "date": "2024-12-13", "close": 178.189987, "volume": 28904800, "typical_volume": 17223270.0, "trend": 226.088481, "fair_value": 197.012826, "relative_strength": -22.012418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.81436, "energy": 93.565426, "activity_lines": [ 187.607277, 202.043771, 219.4779, 223.329175 ] }, { "date": "2024-12-20", "close": 178.651611, "volume": 33113800, "typical_volume": 18696495.0, "trend": 224.411465, "fair_value": 197.377302, "relative_strength": -17.916758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.134274, "energy": 89.469774, "activity_lines": [ 184.129648, 195.228402, 214.861438, 220.268732 ] }, { "date": "2024-12-27", "close": 182.344681, "volume": 9866300, "typical_volume": 18550530.0, "trend": 223.010193, "fair_value": 197.757056, "relative_strength": -18.281937, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.043655, "energy": 80.38058, "activity_lines": [ 182.713979, 190.335104, 210.823186, 217.554745 ] }, { "date": "2025-01-03", "close": 186.499359, "volume": 6881950, "typical_volume": 18461062.5, "trend": 221.777938, "fair_value": 198.199822, "relative_strength": -15.321033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.611219, "energy": 64.815879, "activity_lines": [ 183.206386, 187.548524, 207.41569, 215.199208 ] }, { "date": "2025-01-10", "close": 174.496918, "volume": 17657900, "typical_volume": 18955862.5, "trend": 220.267715, "fair_value": 198.560051, "relative_strength": -19.55473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.139515, "energy": 66.373008, "activity_lines": [ 180.067285, 183.73796, 203.036779, 212.148819 ] }, { "date": "2025-01-17", "close": 177.266724, "volume": 11834200, "typical_volume": 18896727.5, "trend": 219.063517, "fair_value": 198.93244, "relative_strength": -16.360812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.659999, "energy": 62.098165, "activity_lines": [ 179.144023, 181.773927, 199.163467, 209.374562 ] }, { "date": "2025-01-24", "close": 171.727127, "volume": 15054700, "typical_volume": 18943737.5, "trend": 217.247269, "fair_value": 199.258125, "relative_strength": -19.475557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.252629, "energy": 63.291853, "activity_lines": [ 176.435779, 179.457372, 194.995588, 206.320601 ] }, { "date": "2025-01-31", "close": 166.187561, "volume": 30608900, "typical_volume": 18257332.5, "trend": 215.246369, "fair_value": 199.500729, "relative_strength": -19.417432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.93465, "energy": 65.668946, "activity_lines": [ 172.342645, 176.486142, 190.67823, 203.026427 ] }, { "date": "2025-02-07", "close": 164.341034, "volume": 16369400, "typical_volume": 18938527.5, "trend": 213.183919, "fair_value": 199.714706, "relative_strength": -17.984711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.820943, "energy": 82.73699, "activity_lines": [ 168.711144, 173.615632, 186.598283, 199.742211 ] }, { "date": "2025-02-14", "close": 161.571228, "volume": 12036100, "typical_volume": 19103897.5, "trend": 210.998613, "fair_value": 199.89134, "relative_strength": -18.419482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.538092, "energy": 89.872661, "activity_lines": [ 165.633596, 170.74512, 182.667816, 196.41236 ] }, { "date": "2025-02-21", "close": 173.11203, "volume": 21571800, "typical_volume": 19694442.5, "trend": 209.289586, "fair_value": 200.13076, "relative_strength": -10.634024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.825455, "energy": 80.088936, "activity_lines": [ 167.264694, 170.560466, 180.262932, 193.968065 ] }, { "date": "2025-02-28", "close": 180.498154, "volume": 31389400, "typical_volume": 20835827.5, "trend": 207.765706, "fair_value": 200.34757, "relative_strength": -3.540011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.624239, "energy": 56.415855, "activity_lines": [ 171.634814, 171.811071, 178.893425, 192.110553 ] }, { "date": "2025-03-07", "close": 163.41774, "volume": 25784900, "typical_volume": 21765287.5, "trend": 205.48931, "fair_value": 200.454641, "relative_strength": -12.394704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.167381, "energy": 54.593819, "activity_lines": [ 169.726726, 169.922573, 176.215957, 189.249394 ] }, { "date": "2025-03-14", "close": 162.494492, "volume": 18061900, "typical_volume": 22400757.5, "trend": 203.487421, "fair_value": 200.564292, "relative_strength": -10.641688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.523317, "energy": 53.460679, "activity_lines": [ 167.695545, 168.210337, 173.894607, 186.475535 ] }, { "date": "2025-03-21", "close": 163.840271, "volume": 17807000, "typical_volume": 22972627.5, "trend": 201.439548, "fair_value": 200.699566, "relative_strength": -10.717144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.19006, "energy": 52.578009, "activity_lines": [ 166.236059, 167.179241, 172.119094, 183.917654 ] }, { "date": "2025-03-28", "close": 157.267868, "volume": 10056900, "typical_volume": 21615352.5, "trend": 199.14182, "fair_value": 200.826703, "relative_strength": -13.322402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.5342, "energy": 61.114814, "activity_lines": [ 162.434502, 165.146919, 170.120103, 181.067868 ] }, { "date": "2025-04-04", "close": 159.615158, "volume": 10148200, "typical_volume": 19542692.5, "trend": 196.091397, "fair_value": 200.946224, "relative_strength": -7.971524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.767409, "energy": 56.310263, "activity_lines": [ 160.471653, 163.904994, 168.611359, 178.517761 ] }, { "date": "2025-04-11", "close": 157.73732, "volume": 10632000, "typical_volume": 18729497.5, "trend": 192.916828, "fair_value": 201.039544, "relative_strength": -9.228861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.332877, "energy": 56.092194, "activity_lines": [ 159.275058, 162.54186, 167.073777, 176.043304 ] }, { "date": "2025-04-18", "close": 161.962433, "volume": 5312700, "typical_volume": 17464767.5, "trend": 189.944648, "fair_value": 201.140119, "relative_strength": -8.426937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.129455, "energy": 50.675316, "activity_lines": [ 159.865528, 162.10057, 166.093134, 174.046247 ] }, { "date": "2025-04-25", "close": 153.981689, "volume": 18918100, "typical_volume": 17600547.5, "trend": 186.706443, "fair_value": 201.217863, "relative_strength": -13.172771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.273421, "energy": 51.926847, "activity_lines": [ 157.831221, 160.251483, 164.495641, 171.726056 ] }, { "date": "2025-05-02", "close": 155.859512, "volume": 25733600, "typical_volume": 17441987.5, "trend": 183.80781, "fair_value": 201.301979, "relative_strength": -14.638826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.915003, "energy": 48.302624, "activity_lines": [ 157.080094, 158.881809, 163.267007, 169.735931 ] }, { "date": "2025-05-09", "close": 151.634399, "volume": 17985400, "typical_volume": 16685567.5, "trend": 180.614464, "fair_value": 201.299522, "relative_strength": -17.310014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.045607, "energy": 50.281014, "activity_lines": [ 155.014486, 157.057616, 161.742317, 167.660227 ] }, { "date": "2025-05-16", "close": 153.981689, "volume": 12165700, "typical_volume": 16800537.5, "trend": 177.191605, "fair_value": 201.297949, "relative_strength": -14.56522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.723333, "energy": 47.566147, "activity_lines": [ 154.263359, 156.184998, 160.569832, 165.941984 ] }, { "date": "2025-05-23", "close": 135.20343, "volume": 28707200, "typical_volume": 17891800.0, "trend": 173.358233, "fair_value": 201.192998, "relative_strength": -23.228481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.794162, "energy": 63.64307, "activity_lines": [ 147.503188, 152.069715, 157.744003, 163.233069 ] }, { "date": "2025-05-30", "close": 131.447769, "volume": 24356200, "typical_volume": 18226715.0, "trend": 169.461223, "fair_value": 201.052642, "relative_strength": -23.078317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.4072, "energy": 84.724289, "activity_lines": [ 141.275063, 147.767787, 154.804758, 160.529168 ] }, { "date": "2025-06-06", "close": 129.100494, "volume": 15062200, "typical_volume": 18388115.0, "trend": 166.65544, "fair_value": 200.888741, "relative_strength": -23.06632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.048621, "energy": 92.287914, "activity_lines": [ 135.766774, 143.628035, 151.846959, 157.92525 ] }, { "date": "2025-06-13", "close": 129.100494, "volume": 18133000, "typical_volume": 18542030.0, "trend": 164.588267, "fair_value": 200.733338, "relative_strength": -21.58173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.276993, "energy": 90.384409, "activity_lines": [ 132.04242, 140.000418, 149.118523, 155.502351 ] }, { "date": "2025-06-20", "close": 123.936478, "volume": 18509400, "typical_volume": 17937055.0, "trend": 162.379735, "fair_value": 200.52217, "relative_strength": -20.341641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.050861, "energy": 90.993231, "activity_lines": [ 128.098988, 135.988701, 146.101261, 152.879654 ] }, { "date": "2025-06-27", "close": 126.28376, "volume": 14548900, "typical_volume": 17846030.0, "trend": 160.187896, "fair_value": 200.311885, "relative_strength": -19.332963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.378668, "energy": 84.89315, "activity_lines": [ 126.940997, 133.018323, 143.508744, 150.550882 ] }, { "date": "2025-07-04", "close": 130.039413, "volume": 10901500, "typical_volume": 17789300.0, "trend": 158.059694, "fair_value": 200.077518, "relative_strength": -19.111176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.607899, "energy": 64.525468, "activity_lines": [ 127.629535, 131.379494, 141.455134, 148.605818 ] }, { "date": "2025-07-11", "close": 128.161575, "volume": 8080800, "typical_volume": 17114750.0, "trend": 156.39208, "fair_value": 199.831113, "relative_strength": -19.767204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.675081, "energy": 61.922271, "activity_lines": [ 127.786017, 129.834554, 139.372833, 146.676908 ] }, { "date": "2025-07-18", "close": 136.142334, "volume": 19303700, "typical_volume": 16510465.0, "trend": 154.975104, "fair_value": 199.692523, "relative_strength": -20.164612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.289005, "energy": 45.295765, "activity_lines": [ 130.665347, 130.24426, 138.264655, 145.370472 ] }, { "date": "2025-07-25", "close": 137.081253, "volume": 15977000, "typical_volume": 16020070.0, "trend": 153.466324, "fair_value": 199.540122, "relative_strength": -19.666922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.579408, "energy": 34.903592, "activity_lines": [ 133.388194, 131.106353, 137.457116, 144.21603 ] }, { "date": "2025-08-01", "close": 157.73732, "volume": 42086600, "typical_volume": 17221305.0, "trend": 152.507589, "fair_value": 199.520131, "relative_strength": -7.106005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.943858, "energy": 17.155881, "activity_lines": [ 142.120078, 136.031375, 138.742233, 144.491578 ] }, { "date": "2025-08-08", "close": 178.393402, "volume": 39792000, "typical_volume": 18320555.0, "trend": 152.637472, "fair_value": 199.587227, "relative_strength": 2.18029, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.066698, "energy": 47.608541, "activity_lines": [ 155.640419, 144.302341, 142.017249, 146.161631 ] }, { "date": "2025-08-15", "close": 173.668564, "volume": 18196000, "typical_volume": 18727510.0, "trend": 152.517533, "fair_value": 199.598541, "relative_strength": -0.097778, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.567396, "energy": 53.423008, "activity_lines": [ 164.362215, 150.860688, 144.77298, 147.518476 ] }, { "date": "2025-08-22", "close": 170.821533, "volume": 29379500, "typical_volume": 19689075.0, "trend": 152.487347, "fair_value": 199.463089, "relative_strength": -0.848574, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.140812, "energy": 71.739827, "activity_lines": [ 169.101201, 156.091065, 147.179466, 148.699379 ] }, { "date": "2025-08-29", "close": 168.923523, "volume": 34485500, "typical_volume": 20881750.0, "trend": 152.578545, "fair_value": 199.309774, "relative_strength": -0.203214, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.296962, "energy": 72.217444, "activity_lines": [ 170.895571, 160.217785, 149.351826, 149.759777 ] }, { "date": "2025-09-05", "close": 176.041077, "volume": 25084700, "typical_volume": 21870350.0, "trend": 152.968547, "fair_value": 199.162208, "relative_strength": 2.210982, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.613814, "energy": 74.720017, "activity_lines": [ 172.93964, 164.82066, 152.148781, 151.273489 ] }, { "date": "2025-09-12", "close": 173.194061, "volume": 12490700, "typical_volume": 21548980.0, "trend": 153.355974, "fair_value": 199.024875, "relative_strength": -1.071516, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.627143, "energy": 58.280486, "activity_lines": [ 172.814454, 168.001216, 154.60755, 152.578361 ] }, { "date": "2025-09-19", "close": 171.770538, "volume": 20596400, "typical_volume": 21292120.0, "trend": 153.311258, "fair_value": 198.844237, "relative_strength": -1.25344, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.349843, "energy": 55.415234, "activity_lines": [ 172.561383, 170.138321, 156.839258, 153.766397 ] }, { "date": "2025-09-26", "close": 166.550995, "volume": 17942300, "typical_volume": 21289965.0, "trend": 152.846353, "fair_value": 198.618748, "relative_strength": -2.609787, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.870046, "energy": 48.05045, "activity_lines": [ 170.694999, 170.533527, 158.4981, 154.620574 ] }, { "date": "2025-10-03", "close": 163.703964, "volume": 10705000, "typical_volume": 21216930.0, "trend": 152.855894, "fair_value": 198.340829, "relative_strength": -4.805776, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.621484, "energy": 35.374431, "activity_lines": [ 168.164308, 169.858206, 159.814764, 155.321065 ] }, { "date": "2025-10-10", "close": 166.550995, "volume": 9185500, "typical_volume": 20240845.0, "trend": 152.99111, "fair_value": 198.098249, "relative_strength": -2.100388, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.482763, "energy": 28.773291, "activity_lines": [ 166.930597, 169.216479, 161.356278, 156.20462 ] }, { "date": "2025-10-17", "close": 172.719559, "volume": 18017800, "typical_volume": 19923925.0, "trend": 153.287087, "fair_value": 197.900909, "relative_strength": 3.062182, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.507362, "energy": 29.86806, "activity_lines": [ 168.385746, 169.536059, 163.336, 157.477423 ] }, { "date": "2025-10-24", "close": 169.872528, "volume": 10368900, "typical_volume": 19689260.0, "trend": 153.707242, "fair_value": 197.708104, "relative_strength": -1.065309, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.56776, "energy": 28.162242, "activity_lines": [ 168.923519, 169.441159, 164.848044, 158.547451 ] }, { "date": "2025-10-31", "close": 163.229462, "volume": 9893200, "typical_volume": 19277270.0, "trend": 153.827719, "fair_value": 197.478413, "relative_strength": -3.978616, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.685544, "energy": 27.487653, "activity_lines": [ 167.37347, 168.207447, 165.533263, 159.161788 ] }, { "date": "2025-11-07", "close": 166.550995, "volume": 20795000, "typical_volume": 19391550.0, "trend": 154.121508, "fair_value": 197.184564, "relative_strength": -1.269088, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.28503, "energy": 27.888015, "activity_lines": [ 167.152035, 167.715688, 166.372299, 159.982645 ] }, { "date": "2025-11-14", "close": 167.025497, "volume": 13638800, "typical_volume": 19346045.0, "trend": 154.290277, "fair_value": 197.047565, "relative_strength": 1.650513, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.066407, "energy": 22.261661, "activity_lines": [ 166.898964, 167.353339, 167.053599, 160.81516 ] }, { "date": "2025-11-21", "close": 162.754959, "volume": 10133800, "typical_volume": 19307660.0, "trend": 154.582719, "fair_value": 196.849011, "relative_strength": 0.251031, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.035512, "energy": 15.178378, "activity_lines": [ 165.190748, 166.378448, 167.134173, 161.361269 ] }, { "date": "2025-11-28", "close": 160.856949, "volume": 12596000, "typical_volume": 19533420.0, "trend": 154.7493, "fair_value": 196.638291, "relative_strength": -1.002653, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.488471, "energy": 12.552907, "activity_lines": [ 163.514168, 165.248266, 166.878197, 161.766058 ] }, { "date": "2025-12-05", "close": 148.519836, "volume": 14217400, "typical_volume": 19279105.0, "trend": 154.645482, "fair_value": 196.394059, "relative_strength": -9.593306, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.847431, "energy": 23.641399, "activity_lines": [ 158.326256, 162.073401, 165.291564, 161.364157 ] }, { "date": "2025-12-12", "close": 157.535416, "volume": 16021400, "typical_volume": 19281325.0, "trend": 154.763939, "fair_value": 196.184833, "relative_strength": -2.618039, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.833493, "energy": 23.73214, "activity_lines": [ 157.124179, 160.865573, 164.504618, 161.550604 ] }, { "date": "2025-12-19", "close": 154.213882, "volume": 9597300, "typical_volume": 17656860.0, "trend": 155.397621, "fair_value": 195.982797, "relative_strength": -4.41588, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.662338, "energy": 31.804539, "activity_lines": [ 155.415963, 159.165984, 163.303935, 161.515117 ] }, { "date": "2025-12-26", "close": 152.315872, "volume": 11761900, "typical_volume": 16255355.0, "trend": 156.093224, "fair_value": 195.751506, "relative_strength": -5.993173, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.308029, "energy": 45.84118, "activity_lines": [ 153.929184, 157.345614, 161.939267, 161.316294 ] }, { "date": "2026-01-02", "close": 149.468842, "volume": 3630100, "typical_volume": 15527060.0, "trend": 156.772169, "fair_value": 195.439302, "relative_strength": -7.559703, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.583349, "energy": 46.294148, "activity_lines": [ 152.189334, 155.378578, 160.427631, 160.888915 ] }, { "date": "2026-01-09", "close": 139.97876, "volume": 34704400, "typical_volume": 15793305.0, "trend": 157.134778, "fair_value": 195.111836, "relative_strength": -12.835579, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.174882, "energy": 63.135546, "activity_lines": [ 148.045331, 152.057048, 158.127416, 159.805469 ] }, { "date": "2026-01-16", "close": 136.182724, "volume": 42378500, "typical_volume": 16187955.0, "trend": 157.542986, "fair_value": 194.794217, "relative_strength": -16.30925, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.109539, "energy": 73.563103, "activity_lines": [ 143.205387, 148.468071, 155.612543, 158.453723 ] }, { "date": "2026-01-23", "close": 158.009918, "volume": 46707400, "typical_volume": 17269090.0, "trend": 158.600525, "fair_value": 194.599426, "relative_strength": -5.66717, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.060155, "energy": 54.349748, "activity_lines": [ 147.064688, 149.399824, 155.33236, 158.483848 ] }, { "date": "2026-01-30", "close": 158.958923, "volume": 19130500, "typical_volume": 17601080.0, "trend": 159.564509, "fair_value": 194.382235, "relative_strength": -5.811969, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.330385, "energy": 31.153978, "activity_lines": [ 150.987255, 150.668044, 155.22842, 158.506971 ] }, { "date": "2026-02-06", "close": 161.331451, "volume": 16239600, "typical_volume": 17383240.0, "trend": 160.670171, "fair_value": 194.220129, "relative_strength": -6.282675, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.036585, "energy": 17.142991, "activity_lines": [ 155.257794, 152.436651, 155.418222, 158.620967 ] }, { "date": "2026-02-13", "close": 177.939102, "volume": 38226500, "typical_volume": 18397450.0, "trend": 162.063397, "fair_value": 194.124606, "relative_strength": -2.117439, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 26.773455, "energy": 32.416332, "activity_lines": [ 164.273376, 157.216204, 157.239415, 159.735091 ] }, { "date": "2026-02-20", "close": 180.786118, "volume": 20994600, "typical_volume": 18911930.0, "trend": 163.520226, "fair_value": 194.047333, "relative_strength": -3.620634, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.150339, "energy": 43.259933, "activity_lines": [ 171.707274, 161.9785, 159.277523, 160.943009 ] }, { "date": "2026-02-27", "close": 202.138809, "volume": 33026400, "typical_volume": 20103975.0, "trend": 165.000275, "fair_value": 194.146813, "relative_strength": 4.619976, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.281636, "energy": 73.652944, "activity_lines": [ 183.285177, 170.200363, 163.267878, 163.43453 ] }, { "date": "2026-03-06", "close": 163.229462, "volume": 49776600, "typical_volume": 21691915.0, "trend": 164.49481, "fair_value": 193.96839, "relative_strength": -8.174096, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.025333, "energy": 54.729512, "activity_lines": [ 178.95137, 170.476438, 163.383114, 163.320284 ] }, { "date": "2026-03-13", "close": 167.974503, "volume": 34735200, "typical_volume": 22910230.0, "trend": 164.305008, "fair_value": 193.818369, "relative_strength": -5.157731, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.441625, "energy": 38.286396, "activity_lines": [ 175.914542, 171.416818, 163.99545, 163.544781 ] }, { "date": "2026-03-20", "close": 162.0, "volume": 29781100, "typical_volume": 23904625.0, "trend": 164.010957, "fair_value": 193.607011, "relative_strength": -9.694219, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 9.574586, "energy": 14.241634, "activity_lines": [ 170.443342, 170.934459, 164.047824, 163.39607 ] }, { "date": "2026-03-27", "close": 164.0, "volume": 30859000, "typical_volume": 24407825.0, "trend": 163.84684, "fair_value": 193.356639, "relative_strength": -9.182171, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.622843, "energy": 11.035883, "activity_lines": [ 166.701416, 170.41535, 164.296529, 163.395364 ] }, { "date": "2026-04-03", "close": 167.5, "volume": 32127900, "typical_volume": 25332280.0, "trend": 163.562137, "fair_value": 193.105663, "relative_strength": -7.306614, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.571464, "energy": 17.879423, "activity_lines": [ 165.245231, 170.026835, 164.890714, 163.631051 ] }, { "date": "2026-04-10", "close": 172.5, "volume": 27615500, "typical_volume": 26206365.0, "trend": 163.539002, "fair_value": 192.863701, "relative_strength": -7.525417, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.378303, "energy": 17.059575, "activity_lines": [ 167.764967, 170.374865, 165.958831, 164.207688 ] }, { "date": "2026-04-17", "close": 178.0, "volume": 12274800, "typical_volume": 26190305.0, "trend": 163.746651, "fair_value": 192.622439, "relative_strength": -2.694874, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.106831, "energy": 24.946746, "activity_lines": [ 171.5, 171.476693, 167.504352, 165.140655 ] }, { "date": "2026-04-24", "close": 170.0, "volume": 25493900, "typical_volume": 26754130.0, "trend": 163.861618, "fair_value": 192.341413, "relative_strength": -5.148321, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.883865, "energy": 24.744523, "activity_lines": [ 171.9, 170.820912, 168.206335, 165.544097 ] }, { "date": "2026-05-01", "close": 180.5, "volume": 21014200, "typical_volume": 27003770.0, "trend": 164.421485, "fair_value": 192.098898, "relative_strength": -1.683714, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.820693, "energy": 40.809261, "activity_lines": [ 175.266667, 172.218568, 169.806031, 166.617541 ] }, { "date": "2026-05-08", "close": 178.5, "volume": 19139400, "typical_volume": 27480875.0, "trend": 164.819786, "fair_value": 191.826283, "relative_strength": -3.110595, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.375088, "energy": 42.547414, "activity_lines": [ 176.866667, 173.25779, 171.105896, 167.525832 ] }, { "date": "2026-05-15", "close": 177.5, "volume": 12776100, "typical_volume": 27531585.0, "trend": 164.979134, "fair_value": 191.616372, "relative_strength": -4.592972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.432243, "energy": 42.339869, "activity_lines": [ 177.4, 174.544991, 172.194874, 168.343911 ] }, { "date": "2026-05-22", "close": 173.5, "volume": 13939400, "typical_volume": 28047050.0, "trend": 165.100049, "fair_value": 191.409618, "relative_strength": -7.967417, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.055348, "energy": 35.908182, "activity_lines": [ 176.266667, 174.845455, 172.782976, 168.893644 ] }, { "date": "2026-05-29", "close": 179.5, "volume": 26902300, "typical_volume": 27656945.0, "trend": 165.642401, "fair_value": 191.235566, "relative_strength": -6.588777, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.370017, "energy": 34.801131, "activity_lines": [ 177.433333, 176.136364, 173.828073, 169.822673 ] }, { "date": "2026-06-05", "close": 184.5, "volume": 13375200, "typical_volume": 26206780.0, "trend": 166.240701, "fair_value": 191.064768, "relative_strength": -4.89456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.078844, "energy": 53.145078, "activity_lines": [ 179.633333, 178.018182, 175.161163, 171.039292 ] }, { "date": "2026-06-12", "close": 178.0, "volume": 3877900, "typical_volume": 24065305.0, "trend": 166.606518, "fair_value": 190.88686, "relative_strength": -8.764457, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.823226, "energy": 44.92345, "activity_lines": [ 179.4, 178.345455, 175.645124, 171.797957 ] }, { "date": "2026-06-19", "close": 186.5, "volume": 4529600, "typical_volume": 23335260.0, "trend": 167.398019, "fair_value": 190.763439, "relative_strength": -3.235576, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.269404, "energy": 62.38054, "activity_lines": [ 182.033333, 180.027273, 176.843417, 173.081407 ] }, { "date": "2026-06-26", "close": 188.5, "volume": 5264100, "typical_volume": 22786485.0, "trend": 168.319454, "fair_value": 190.670117, "relative_strength": -0.372133, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.490143, "energy": 69.016689, "activity_lines": [ 184.733333, 181.818182, 178.101039, 174.442826 ] }, { "date": "2026-07-03", "close": 193.0, "volume": 4570900, "typical_volume": 21103705.0, "trend": 169.802126, "fair_value": 190.640199, "relative_strength": -2.414286, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.180427, "energy": 74.702315, "activity_lines": [ 187.933333, 184.236364, 179.657858, 176.035119 ] }, { "date": "2026-07-10", "close": 186.5, "volume": 18198800, "typical_volume": 20963915.0, "trend": 170.767612, "fair_value": 190.568614, "relative_strength": -6.308349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.888549, "energy": 67.555175, "activity_lines": [ 188.066667, 185.054545, 180.523911, 177.112401 ] }, { "date": "2026-07-17", "close": 186.5, "volume": 15743800, "typical_volume": 20099785.0, "trend": 171.843816, "fair_value": 190.502789, "relative_strength": -7.321955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.53673, "energy": 58.641385, "activity_lines": [ 188.066667, 185.763636, 181.362755, 178.127394 ] }, { "date": "2026-07-24", "close": 179.0, "volume": 17592900, "typical_volume": 18490600.0, "trend": 172.733287, "fair_value": 190.406165, "relative_strength": -11.249361, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.251226, "energy": 36.337264, "activity_lines": [ 185.0, 184.963636, 181.561783, 178.589083 ] }, { "date": "2026-07-31", "close": 187.5, "volume": 16838700, "typical_volume": 17595775.0, "trend": 174.000992, "fair_value": 190.317953, "relative_strength": -5.777014, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.516267, "energy": 29.489758, "activity_lines": [ 185.266667, 185.681818, 182.495238, 179.541774 ] }, { "date": "2026-08-07", "close": 192.5, "volume": 20283600, "typical_volume": 17120900.0, "trend": 175.7517, "fair_value": 190.140841, "relative_strength": -2.264861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.97574, "energy": 39.888283, "activity_lines": [ 187.266667, 187.054545, 183.811905, 180.735259 ] } ], "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." } } }