{ "ticker": { "uuid": "fe082605-358e-42dc-ad49-246ffdf83fb6", "symbol": "EPEN", "name": "Ependion AB", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late 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": 68.132, "architecture_energy": 72.489, "architecture_maturity": 47.896, "architecture_confidence": 96, "architecture_tenure": "Developing", "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": 4.72, "rotation_up": 63.23, "upward_expansion": 91.32, "deceleration": 48.36, "rotation_down": 23.52, "downward_expansion": 15.66 }, "activity_lines": [ 155.946668, 152.407274, 145.384567, 135.167863 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 156.600006, "trend_reference": 123.150971, "distance_from_trend": 0.27161, "trend_direction": "Improving", "fair_value": 114.100093, "distance_from_fair_value": 0.372479, "fair_value_direction": "Improving", "relative_strength": 15.31648, "relative_strength_direction": "Improving", "price_momentum": 0.573667, "excess_performance": 0.512172, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.27161, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.117398, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.372479, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.188076, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.153165, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.073112, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.573667, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.017888, "read": "Demand-led" } ], "volume": { "latest": 55620, "relative_activity": 0.519735, "balance": 8.017888, "dry_up": 0.584437, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.059659, "annualized_volatility": 0.326882, "from_high_reference": -0.045122, "from_low_reference": 0.75901 }, "levels": { "trend_reference": 123.150971, "fair_value_reference": 114.100093, "structural_low": 89.027374, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.008026, "positive_rate": 0.391304, "directional_follow_through": 0.391304, "median_excess_return": -0.017479, "regime_survival": 0.695652, "best_return": 0.234756, "worst_return": -0.177953, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.019405, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.039806, "regime_survival": 0.4, "best_return": 0.32785, "worst_return": -0.229648, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.017657, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.086617, "regime_survival": 0.285714, "best_return": 0.701807, "worst_return": -0.33557, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.11277, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.159847, "regime_survival": 0.75, "best_return": 0.89118, "worst_return": -0.144507, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-11-08", "tenure": "Developing", "return": -0.116814, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-01-24", "tenure": "Developing", "return": 0.024242, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-31", "end": "2025-03-07", "tenure": "Developing", "return": -0.09329, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-05-02", "tenure": "Developing", "return": -0.095912, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-09", "end": "2025-06-06", "tenure": "Developing", "return": 0.054464, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.111538, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": 0.143357, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": 0.01203, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-10-10", "tenure": "New", "return": -0.071651, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-11-21", "tenure": "Developing", "return": -0.03259, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": -0.026042, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-04-24", "tenure": "Established", "return": 0.007143, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-22", "tenure": "New", "return": 0.120774, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.051007, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 121.362862, "volume": 215039, "typical_volume": 127784.75, "trend": 116.56914, "fair_value": 70.683077, "relative_strength": 17.459702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.446796, "energy": 26.179524, "activity_lines": [ 136.458908, 138.240167, 132.286184, 124.965493 ] }, { "date": "2023-08-25", "close": 125.434135, "volume": 98469, "typical_volume": 130119.9, "trend": 117.308412, "fair_value": 71.241797, "relative_strength": 20.005991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.355645, "energy": 18.221265, "activity_lines": [ 132.038659, 136.125215, 132.345323, 125.537428 ] }, { "date": "2023-09-01", "close": 132.801224, "volume": 92599, "typical_volume": 131498.15, "trend": 118.196753, "fair_value": 71.840382, "relative_strength": 23.428304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.272788, "energy": 20.92527, "activity_lines": [ 131.01761, 135.381458, 132.994966, 126.536964 ] }, { "date": "2023-09-08", "close": 133.18895, "volume": 66621, "typical_volume": 131594.3, "trend": 119.001518, "fair_value": 72.426731, "relative_strength": 22.877802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.330954, "energy": 21.935063, "activity_lines": [ 130.707414, 134.690573, 133.515109, 127.504203 ] }, { "date": "2023-09-15", "close": 131.638, "volume": 77168, "typical_volume": 125865.5, "trend": 119.806051, "fair_value": 72.967257, "relative_strength": 19.20151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.486806, "energy": 11.938363, "activity_lines": [ 130.77204, 133.689497, 133.722948, 128.31946 ] }, { "date": "2023-09-22", "close": 128.148315, "volume": 53433, "typical_volume": 124630.35, "trend": 120.770897, "fair_value": 73.508107, "relative_strength": 16.61387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.543028, "energy": 8.066687, "activity_lines": [ 130.526467, 132.015159, 133.493612, 128.85767 ] }, { "date": "2023-09-29", "close": 113.801926, "volume": 121794, "typical_volume": 124179.9, "trend": 121.357248, "fair_value": 73.959447, "relative_strength": 3.383414, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.035731, "energy": 14.035471, "activity_lines": [ 125.046401, 128.2576, 131.818018, 128.408059 ] }, { "date": "2023-10-06", "close": 111.475479, "volume": 53178, "typical_volume": 97295.05, "trend": 121.849968, "fair_value": 74.393727, "relative_strength": 0.691951, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.811081, "energy": 35.892599, "activity_lines": [ 119.566333, 124.545864, 129.899625, 127.770526 ] }, { "date": "2023-10-13", "close": 109.924515, "volume": 67354, "typical_volume": 86123.15, "trend": 122.348889, "fair_value": 74.826345, "relative_strength": -2.929874, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.52378, "energy": 55.556488, "activity_lines": [ 114.990993, 121.098496, 127.866756, 127.001142 ] }, { "date": "2023-10-20", "close": 110.506126, "volume": 46308, "typical_volume": 83525.8, "trend": 122.892931, "fair_value": 75.282626, "relative_strength": 2.104859, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.794685, "energy": 64.796535, "activity_lines": [ 112.160486, 118.423086, 125.987136, 126.237093 ] }, { "date": "2023-10-27", "close": 98.486153, "volume": 124811, "typical_volume": 86357.9, "trend": 123.055607, "fair_value": 75.698658, "relative_strength": -7.970363, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.746835, "energy": 71.00856, "activity_lines": [ 106.732113, 114.179085, 123.033843, 124.662462 ] }, { "date": "2023-11-03", "close": 107.598076, "volume": 57594, "typical_volume": 84732.55, "trend": 123.238944, "fair_value": 76.150404, "relative_strength": -3.321302, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.218691, "energy": 63.200409, "activity_lines": [ 106.318525, 112.007739, 121.061905, 123.665202 ] }, { "date": "2023-11-10", "close": 116.516113, "volume": 66754, "typical_volume": 85272.95, "trend": 123.861084, "fair_value": 76.658091, "relative_strength": 4.634481, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.095491, "energy": 52.241478, "activity_lines": [ 109.291206, 111.782146, 120.032546, 123.231471 ] }, { "date": "2023-11-17", "close": 116.322243, "volume": 53208, "typical_volume": 85068.55, "trend": 124.451028, "fair_value": 77.164536, "relative_strength": 0.099789, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.202668, "energy": 36.10965, "activity_lines": [ 111.863222, 111.817396, 119.057656, 122.745094 ] }, { "date": "2023-11-24", "close": 113.608047, "volume": 55633, "typical_volume": 85408.1, "trend": 124.583796, "fair_value": 77.645607, "relative_strength": -3.721764, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.630017, "energy": 24.790186, "activity_lines": [ 113.10399, 111.665824, 117.897203, 122.045547 ] }, { "date": "2023-12-01", "close": 111.475479, "volume": 144470, "typical_volume": 85605.45, "trend": 124.587577, "fair_value": 78.109329, "relative_strength": -6.068644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.081002, "energy": 20.613231, "activity_lines": [ 113.427108, 111.454329, 116.60935, 121.199849 ] }, { "date": "2023-12-08", "close": 111.281609, "volume": 132077, "typical_volume": 87267.4, "trend": 124.652201, "fair_value": 78.584688, "relative_strength": -8.734134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.231281, "energy": 23.01823, "activity_lines": [ 112.819647, 111.510728, 115.519983, 120.341399 ] }, { "date": "2023-12-15", "close": 116.516113, "volume": 72805, "typical_volume": 88041.1, "trend": 124.587577, "fair_value": 79.087468, "relative_strength": -7.277709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.231292, "energy": 21.386074, "activity_lines": [ 113.711452, 112.564679, 115.063926, 119.81649 ] }, { "date": "2023-12-22", "close": 121.168999, "volume": 69217, "typical_volume": 86282.05, "trend": 124.277385, "fair_value": 79.624981, "relative_strength": -3.086686, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.784407, "energy": 13.812254, "activity_lines": [ 116.154219, 114.372961, 115.170094, 119.595937 ] }, { "date": "2023-12-29", "close": 121.75061, "volume": 14610, "typical_volume": 84157.1, "trend": 124.154601, "fair_value": 80.155795, "relative_strength": -3.430747, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.119279, "energy": 11.602974, "activity_lines": [ 118.467739, 116.082545, 115.452591, 119.432919 ] }, { "date": "2024-01-05", "close": 112.057083, "volume": 41960, "typical_volume": 75503.15, "trend": 123.812096, "fair_value": 80.621098, "relative_strength": -8.768758, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.157992, "energy": 15.897689, "activity_lines": [ 117.007246, 115.825225, 114.919909, 118.652434 ] }, { "date": "2024-01-12", "close": 114.189659, "volume": 43667, "typical_volume": 72763.05, "trend": 123.379119, "fair_value": 81.07707, "relative_strength": -7.610748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.83514, "energy": 12.543809, "activity_lines": [ 116.218838, 115.708902, 114.634642, 118.031632 ] }, { "date": "2024-01-19", "close": 108.761284, "volume": 106814, "typical_volume": 73473.8, "trend": 122.6101, "fair_value": 81.507139, "relative_strength": -9.58924, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.120087, "energy": 23.434232, "activity_lines": [ 113.427102, 114.485754, 113.885932, 117.088546 ] }, { "date": "2024-01-26", "close": 94.414879, "volume": 146009, "typical_volume": 77443.2, "trend": 121.369329, "fair_value": 81.850764, "relative_strength": -23.704552, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.951962, "energy": 66.930824, "activity_lines": [ 106.370219, 110.795166, 111.885374, 115.269499 ] }, { "date": "2024-02-02", "close": 92.766975, "volume": 161768, "typical_volume": 81673.2, "trend": 120.144714, "fair_value": 82.180451, "relative_strength": -24.76926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.5284, "energy": 79.566445, "activity_lines": [ 100.547643, 107.203275, 109.912511, 113.424186 ] }, { "date": "2024-02-09", "close": 95.965843, "volume": 124215, "typical_volume": 85212.3, "trend": 118.109075, "fair_value": 82.530951, "relative_strength": -21.40889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.102733, "energy": 80.238869, "activity_lines": [ 97.723599, 104.571925, 108.429402, 111.864259 ] }, { "date": "2024-02-16", "close": 97.5168, "volume": 63604, "typical_volume": 82302.8, "trend": 116.706745, "fair_value": 82.889553, "relative_strength": -21.800049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.046386, "energy": 80.269701, "activity_lines": [ 96.489289, 102.50456, 107.247254, 110.535725 ] }, { "date": "2024-02-23", "close": 96.935196, "volume": 64878, "typical_volume": 82887.8, "trend": 115.220405, "fair_value": 83.250254, "relative_strength": -22.965579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.040589, "energy": 76.031162, "activity_lines": [ 96.172636, 100.581719, 106.087263, 109.260141 ] }, { "date": "2024-03-01", "close": 95.190361, "volume": 40950, "typical_volume": 81567.6, "trend": 113.507883, "fair_value": 83.598849, "relative_strength": -25.039859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.05593, "energy": 66.22048, "activity_lines": [ 96.062777, 98.697651, 104.830336, 107.96788 ] }, { "date": "2024-03-08", "close": 97.322945, "volume": 57069, "typical_volume": 82105.65, "trend": 111.937533, "fair_value": 83.952222, "relative_strength": -24.026663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.190496, "energy": 49.479409, "activity_lines": [ 96.61208, 97.673665, 103.846675, 106.923691 ] }, { "date": "2024-03-15", "close": 96.353584, "volume": 68839, "typical_volume": 79307.05, "trend": 111.103891, "fair_value": 84.278219, "relative_strength": -25.940658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.120404, "energy": 47.648362, "activity_lines": [ 96.534532, 96.917571, 102.833472, 105.918275 ] }, { "date": "2024-03-22", "close": 97.129066, "volume": 48605, "typical_volume": 78857.6, "trend": 110.160388, "fair_value": 84.606428, "relative_strength": -25.175644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.778764, "energy": 43.065728, "activity_lines": [ 96.689628, 96.587991, 101.904278, 105.016673 ] }, { "date": "2024-03-29", "close": 104.69001, "volume": 33107, "typical_volume": 77175.25, "trend": 109.223348, "fair_value": 84.989237, "relative_strength": -18.820446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.547357, "energy": 27.964812, "activity_lines": [ 99.390888, 97.943322, 101.745027, 104.663745 ] }, { "date": "2024-04-05", "close": 106.240974, "volume": 54093, "typical_volume": 77219.5, "trend": 108.325082, "fair_value": 85.353161, "relative_strength": -17.040254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.569857, "energy": 19.220691, "activity_lines": [ 102.092148, 99.654668, 101.789802, 104.471334 ] }, { "date": "2024-04-12", "close": 107.210327, "volume": 25243, "typical_volume": 75700.0, "trend": 107.510826, "fair_value": 85.689564, "relative_strength": -16.333306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.027726, "energy": 19.13194, "activity_lines": [ 104.379818, 101.327241, 101.974902, 104.399414 ] }, { "date": "2024-04-19", "close": 106.047112, "volume": 84966, "typical_volume": 72724.8, "trend": 106.77412, "fair_value": 86.055311, "relative_strength": -17.030922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.246645, "energy": 21.427943, "activity_lines": [ 105.620592, 102.525714, 102.079685, 104.304981 ] }, { "date": "2024-04-26", "close": 102.169708, "volume": 164559, "typical_volume": 74348.9, "trend": 106.386379, "fair_value": 86.395591, "relative_strength": -21.556991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.013322, "energy": 19.566508, "activity_lines": [ 104.922662, 102.835909, 101.841041, 104.007922 ] }, { "date": "2024-05-03", "close": 106.822586, "volume": 23621, "typical_volume": 71889.7, "trend": 106.231282, "fair_value": 86.744228, "relative_strength": -17.176459, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.607185, "energy": 18.217576, "activity_lines": [ 105.439648, 103.907483, 102.088918, 104.036065 ] }, { "date": "2024-05-10", "close": 111.66935, "volume": 29827, "typical_volume": 69920.2, "trend": 106.289444, "fair_value": 87.122095, "relative_strength": -16.107489, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.26943, "energy": 47.863148, "activity_lines": [ 107.430051, 105.680516, 102.844552, 104.386908 ] }, { "date": "2024-05-17", "close": 115.361168, "volume": 52846, "typical_volume": 71832.0, "trend": 106.451278, "fair_value": 87.532828, "relative_strength": -12.231401, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.028901, "energy": 62.603653, "activity_lines": [ 110.289168, 107.825171, 103.997023, 104.97218 ] }, { "date": "2024-05-24", "close": 120.640419, "volume": 57417, "typical_volume": 72604.85, "trend": 107.189754, "fair_value": 87.977402, "relative_strength": -8.596107, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.327359, "energy": 73.944091, "activity_lines": [ 114.364646, 110.601722, 105.682706, 105.887609 ] }, { "date": "2024-05-31", "close": 131.785477, "volume": 232056, "typical_volume": 82024.3, "trend": 107.996001, "fair_value": 88.511819, "relative_strength": 0.788526, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 66.193882, "energy": 84.728397, "activity_lines": [ 121.182257, 114.963069, 108.388951, 107.47443 ] }, { "date": "2024-06-07", "close": 117.511978, "volume": 105316, "typical_volume": 81949.4, "trend": 108.029196, "fair_value": 88.959647, "relative_strength": -10.509124, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.35214, "energy": 79.642564, "activity_lines": [ 121.267649, 116.099117, 109.652024, 108.088364 ] }, { "date": "2024-06-14", "close": 114.38353, "volume": 48084, "typical_volume": 77053.15, "trend": 107.964572, "fair_value": 89.394474, "relative_strength": -10.435907, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.401224, "energy": 60.615082, "activity_lines": [ 119.5976, 116.43323, 110.575481, 108.498321 ] }, { "date": "2024-06-21", "close": 114.579056, "volume": 17534, "typical_volume": 69841.45, "trend": 107.996939, "fair_value": 89.835155, "relative_strength": -10.206323, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.827286, "energy": 45.817328, "activity_lines": [ 117.81178, 116.654846, 111.42247, 108.925062 ] }, { "date": "2024-06-28", "close": 121.422523, "volume": 18552, "typical_volume": 64558.3, "trend": 108.328507, "fair_value": 90.30989, "relative_strength": -4.322032, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.944935, "energy": 38.815716, "activity_lines": [ 118.359257, 117.986752, 112.817351, 109.791228 ] }, { "date": "2024-07-05", "close": 131.198883, "volume": 41286, "typical_volume": 63442.4, "trend": 108.992417, "fair_value": 90.836254, "relative_strength": 4.16094, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.785617, "energy": 52.054468, "activity_lines": [ 122.113381, 120.816626, 115.022091, 111.266736 ] }, { "date": "2024-07-12", "close": 128.07045, "volume": 30818, "typical_volume": 61739.4, "trend": 109.377561, "fair_value": 91.333363, "relative_strength": -0.362842, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.840087, "energy": 53.169584, "activity_lines": [ 124.8638, 122.54989, 116.768495, 112.497577 ] }, { "date": "2024-07-19", "close": 112.428261, "volume": 51878, "typical_volume": 62285.8, "trend": 109.086203, "fair_value": 91.744309, "relative_strength": -9.819481, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.355664, "energy": 40.555753, "activity_lines": [ 121.696257, 121.052795, 116.876903, 112.694397 ] }, { "date": "2024-07-26", "close": 116.925392, "volume": 10862, "typical_volume": 59975.45, "trend": 108.925363, "fair_value": 92.18347, "relative_strength": -5.856133, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.857283, "energy": 31.581327, "activity_lines": [ 120.15811, 120.359562, 117.331524, 113.200151 ] }, { "date": "2024-08-02", "close": 109.886406, "volume": 15852, "typical_volume": 57326.1, "trend": 108.853007, "fair_value": 92.588242, "relative_strength": -6.70422, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.097328, "energy": 16.05451, "activity_lines": [ 116.117211, 118.358072, 117.02242, 113.262154 ] }, { "date": "2024-08-09", "close": 110.277466, "volume": 21630, "typical_volume": 55977.35, "trend": 108.7226, "fair_value": 92.978654, "relative_strength": -5.262167, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 4.575972, "energy": 16.22546, "activity_lines": [ 112.97574, 116.623213, 116.686119, 113.354054 ] }, { "date": "2024-08-16", "close": 103.825058, "volume": 55647, "typical_volume": 57104.35, "trend": 108.558059, "fair_value": 93.262075, "relative_strength": -12.877477, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -7.952776, "energy": 21.149772, "activity_lines": [ 109.078228, 114.106242, 115.67269, 113.038084 ] }, { "date": "2024-08-23", "close": 104.020584, "volume": 334257, "typical_volume": 71112.55, "trend": 108.87825, "fair_value": 93.517921, "relative_strength": -12.975296, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -27.113097, "energy": 31.192429, "activity_lines": [ 106.86225, 111.873675, 114.682003, 112.745343 ] }, { "date": "2024-08-30", "close": 105.975861, "volume": 24565, "typical_volume": 71078.65, "trend": 109.318546, "fair_value": 93.814516, "relative_strength": -11.869661, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.964377, "energy": 40.72877, "activity_lines": [ 105.858544, 110.18503, 113.888105, 112.558092 ] }, { "date": "2024-09-06", "close": 103.825058, "volume": 16958, "typical_volume": 67678.25, "trend": 109.58052, "fair_value": 94.11143, "relative_strength": -8.925537, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.11246, "energy": 47.675519, "activity_lines": [ 104.867871, 108.261752, 112.895247, 112.203674 ] }, { "date": "2024-09-13", "close": 102.456367, "volume": 23778, "typical_volume": 60639.2, "trend": 109.745172, "fair_value": 94.389144, "relative_strength": -10.976383, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.368259, "energy": 38.371292, "activity_lines": [ 103.825058, 106.409575, 111.782619, 111.744051 ] }, { "date": "2024-09-20", "close": 110.472984, "volume": 132192, "typical_volume": 66067.75, "trend": 110.196431, "fair_value": 94.704139, "relative_strength": -5.367284, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.995422, "energy": 21.365399, "activity_lines": [ 105.975858, 106.537556, 111.432114, 111.791007 ] }, { "date": "2024-09-27", "close": 110.472984, "volume": 30913, "typical_volume": 66122.05, "trend": 110.705852, "fair_value": 95.055936, "relative_strength": -7.097343, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.318118, "energy": 12.001359, "activity_lines": [ 107.683462, 106.98549, 111.064225, 111.808849 ] }, { "date": "2024-10-04", "close": 114.77459, "volume": 32760, "typical_volume": 65117.75, "trend": 111.287574, "fair_value": 95.407706, "relative_strength": -1.836891, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.346596, "energy": 6.773001, "activity_lines": [ 110.394775, 108.251085, 111.11171, 112.071348 ] }, { "date": "2024-10-11", "close": 120.249359, "volume": 35030, "typical_volume": 63998.4, "trend": 112.0841, "fair_value": 95.770649, "relative_strength": 3.610842, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.640201, "energy": 20.461151, "activity_lines": [ 114.344429, 110.551199, 111.683395, 112.649528 ] }, { "date": "2024-10-18", "close": 112.232735, "volume": 23499, "typical_volume": 53570.55, "trend": 112.587555, "fair_value": 96.114099, "relative_strength": -3.091917, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.725056, "energy": 15.979399, "activity_lines": [ 114.526922, 111.205327, 111.493455, 112.659117 ] }, { "date": "2024-10-25", "close": 98.741341, "volume": 40520, "typical_volume": 50330.75, "trend": 112.389266, "fair_value": 96.282128, "relative_strength": -14.30705, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.7666, "energy": 20.582816, "activity_lines": [ 109.560526, 109.370924, 110.111727, 111.765813 ] }, { "date": "2024-11-01", "close": 102.065315, "volume": 41341, "typical_volume": 49993.6, "trend": 112.250078, "fair_value": 96.464104, "relative_strength": -9.791098, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.542193, "energy": 29.607361, "activity_lines": [ 106.48423, 108.233311, 109.135953, 111.099752 ] }, { "date": "2024-11-08", "close": 97.568176, "volume": 38915, "typical_volume": 51062.65, "trend": 111.928673, "fair_value": 96.589651, "relative_strength": -13.177443, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.520764, "energy": 58.288878, "activity_lines": [ 102.469399, 106.313586, 107.790538, 110.152532 ] }, { "date": "2024-11-15", "close": 96.786064, "volume": 25125, "typical_volume": 51391.3, "trend": 111.619971, "fair_value": 96.705277, "relative_strength": -11.645791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.618801, "energy": 68.338947, "activity_lines": [ 99.340959, 104.404527, 106.45164, 109.17559 ] }, { "date": "2024-11-22", "close": 91.409065, "volume": 40617, "typical_volume": 51357.85, "trend": 111.261283, "fair_value": 96.837345, "relative_strength": -16.151304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.546928, "energy": 75.063766, "activity_lines": [ 95.984405, 101.645813, 104.717964, 107.87166 ] }, { "date": "2024-11-29", "close": 84.565605, "volume": 146476, "typical_volume": 57140.75, "trend": 110.519384, "fair_value": 96.931064, "relative_strength": -21.870091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.322048, "energy": 82.482901, "activity_lines": [ 91.734943, 97.843694, 102.522005, 106.149359 ] }, { "date": "2024-12-06", "close": 88.964973, "volume": 117294, "typical_volume": 60411.55, "trend": 109.762571, "fair_value": 97.002076, "relative_strength": -20.462589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.974286, "energy": 78.231172, "activity_lines": [ 89.896986, 95.312503, 100.952199, 104.758751 ] }, { "date": "2024-12-13", "close": 88.280632, "volume": 57746, "typical_volume": 62755.75, "trend": 108.859886, "fair_value": 97.04662, "relative_strength": -18.764069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.108385, "energy": 77.673213, "activity_lines": [ 88.704271, 93.047941, 99.428948, 103.37282 ] }, { "date": "2024-12-20", "close": 92.28894, "volume": 37659, "typical_volume": 63846.1, "trend": 107.914837, "fair_value": 97.111951, "relative_strength": -11.725884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.003976, "energy": 70.130691, "activity_lines": [ 89.466828, 91.993871, 98.423844, 102.303727 ] }, { "date": "2024-12-27", "close": 93.364342, "volume": 10932, "typical_volume": 63311.2, "trend": 106.634133, "fair_value": 97.232018, "relative_strength": -10.715028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.736317, "energy": 48.025346, "activity_lines": [ 90.887661, 91.643699, 97.604957, 101.364985 ] }, { "date": "2025-01-03", "close": 98.936867, "volume": 9226, "typical_volume": 60990.15, "trend": 106.014962, "fair_value": 97.412954, "relative_strength": -5.81759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.361653, "energy": 30.873528, "activity_lines": [ 94.035651, 92.649776, 97.397325, 100.868387 ] }, { "date": "2025-01-10", "close": 100.110031, "volume": 28593, "typical_volume": 45706.95, "trend": 105.539179, "fair_value": 97.636985, "relative_strength": -4.780361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.020193, "energy": 25.03524, "activity_lines": [ 96.616611, 93.8656, 97.3247, 100.487424 ] }, { "date": "2025-01-17", "close": 99.718979, "volume": 88132, "typical_volume": 48885.3, "trend": 105.043843, "fair_value": 97.876298, "relative_strength": -8.155633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.016337, "energy": 25.395405, "activity_lines": [ 98.324216, 95.045875, 97.233454, 100.111927 ] }, { "date": "2025-01-24", "close": 99.132393, "volume": 14015, "typical_volume": 48738.15, "trend": 104.300839, "fair_value": 98.125343, "relative_strength": -10.372904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.636826, "energy": 26.17526, "activity_lines": [ 99.073737, 96.080391, 97.116137, 99.730543 ] }, { "date": "2025-01-31", "close": 119.467247, "volume": 75167, "typical_volume": 51307.6, "trend": 103.909784, "fair_value": 98.485727, "relative_strength": 7.701503, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.950534, "energy": 43.763518, "activity_lines": [ 106.145312, 100.769494, 98.957819, 100.709021 ] }, { "date": "2025-02-07", "close": 115.361168, "volume": 60688, "typical_volume": 47732.4, "trend": 103.486141, "fair_value": 98.835737, "relative_strength": 5.071057, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.434722, "energy": 62.262909, "activity_lines": [ 110.108, 104.201888, 100.327442, 101.44782 ] }, { "date": "2025-02-14", "close": 116.729866, "volume": 101859, "typical_volume": 51279.7, "trend": 103.629528, "fair_value": 99.195133, "relative_strength": 3.177231, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.758492, "energy": 70.480136, "activity_lines": [ 113.431967, 107.323217, 101.804139, 102.302254 ] }, { "date": "2025-02-21", "close": 115.361168, "volume": 61302, "typical_volume": 52706.8, "trend": 103.577387, "fair_value": 99.567838, "relative_strength": 1.575982, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.452899, "energy": 72.813131, "activity_lines": [ 115.191713, 109.690875, 103.12069, 103.059134 ] }, { "date": "2025-02-28", "close": 113.014839, "volume": 25822, "typical_volume": 52246.4, "trend": 103.681669, "fair_value": 99.96169, "relative_strength": -0.634657, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.880986, "energy": 68.299242, "activity_lines": [ 115.126537, 111.139555, 104.210988, 103.668002 ] }, { "date": "2025-03-07", "close": 108.322189, "volume": 25464, "typical_volume": 52344.65, "trend": 103.616493, "fair_value": 100.300926, "relative_strength": -4.942817, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.953297, "energy": 49.970236, "activity_lines": [ 112.571647, 111.358191, 104.888816, 103.96739 ] }, { "date": "2025-03-14", "close": 124.355431, "volume": 476816, "typical_volume": 74159.45, "trend": 104.300838, "fair_value": 100.696324, "relative_strength": 10.607834, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.676108, "energy": 56.893255, "activity_lines": [ 116.104175, 114.220002, 107.112242, 105.305386 ] }, { "date": "2025-03-21", "close": 128.657043, "volume": 352697, "typical_volume": 89727.25, "trend": 105.122054, "fair_value": 101.088015, "relative_strength": 16.176082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.373919, "energy": 61.906549, "activity_lines": [ 120.470957, 117.401767, 109.623374, 106.876754 ] }, { "date": "2025-03-28", "close": 137.651291, "volume": 354083, "typical_volume": 105485.65, "trend": 106.177901, "fair_value": 101.547175, "relative_strength": 27.802455, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.420266, "energy": 80.901919, "activity_lines": [ 127.040676, 121.699814, 112.864473, 108.975415 ] }, { "date": "2025-04-04", "close": 130.416779, "volume": 280221, "typical_volume": 118240.45, "trend": 107.064292, "fair_value": 101.986949, "relative_strength": 33.721324, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.369734, "energy": 81.977519, "activity_lines": [ 129.712883, 123.992817, 115.225699, 110.539213 ] }, { "date": "2025-04-11", "close": 124.159904, "volume": 268380, "typical_volume": 129628.6, "trend": 107.787743, "fair_value": 102.392134, "relative_strength": 27.170883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.811512, "energy": 65.928681, "activity_lines": [ 129.139335, 124.579399, 116.830885, 111.642156 ] }, { "date": "2025-04-18", "close": 127.874924, "volume": 84047, "typical_volume": 126507.15, "trend": 108.367808, "fair_value": 102.815613, "relative_strength": 25.967503, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.458118, "energy": 53.252869, "activity_lines": [ 128.74828, 125.756119, 118.633927, 112.938103 ] }, { "date": "2025-04-25", "close": 134.91391, "volume": 96533, "typical_volume": 125469.1, "trend": 109.182506, "fair_value": 103.2836, "relative_strength": 28.097945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.748147, "energy": 51.183467, "activity_lines": [ 130.46892, 127.985131, 120.901114, 114.650755 ] }, { "date": "2025-05-02", "close": 112.428261, "volume": 84676, "typical_volume": 126815.6, "trend": 109.104295, "fair_value": 103.620943, "relative_strength": 5.03877, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.952765, "energy": 25.162053, "activity_lines": [ 124.27722, 125.795224, 120.808006, 114.860158 ] }, { "date": "2025-05-09", "close": 102.065315, "volume": 113983, "typical_volume": 130631.8, "trend": 108.49816, "fair_value": 103.906525, "relative_strength": -4.079983, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.191604, "energy": 14.166094, "activity_lines": [ 116.31274, 121.774471, 119.612962, 114.406031 ] }, { "date": "2025-05-16", "close": 108.613403, "volume": 76649, "typical_volume": 133917.65, "trend": 108.377515, "fair_value": 104.226659, "relative_strength": -1.669296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.629432, "energy": 20.429754, "activity_lines": [ 112.421053, 119.143362, 118.994991, 114.413466 ] }, { "date": "2025-05-23", "close": 108.811241, "volume": 107279, "typical_volume": 138820.3, "trend": 108.713179, "fair_value": 104.517749, "relative_strength": 1.164888, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.852577, "energy": 24.28235, "activity_lines": [ 109.631746, 116.542928, 118.323247, 114.441448 ] }, { "date": "2025-05-30", "close": 109.206917, "volume": 70814, "typical_volume": 140931.35, "trend": 108.951232, "fair_value": 104.803953, "relative_strength": 1.169846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.081904, "energy": 28.918743, "activity_lines": [ 108.245243, 114.297057, 117.642166, 114.473302 ] }, { "date": "2025-06-06", "close": 107.624207, "volume": 95618, "typical_volume": 141305.65, "trend": 109.286433, "fair_value": 105.105374, "relative_strength": -1.210892, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.214291, "energy": 27.423371, "activity_lines": [ 108.04497, 112.117059, 116.767032, 114.387688 ] }, { "date": "2025-06-13", "close": 102.876083, "volume": 99610, "typical_volume": 145585.4, "trend": 109.489434, "fair_value": 105.41533, "relative_strength": -3.070771, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.136909, "energy": 35.308359, "activity_lines": [ 106.582259, 109.619713, 115.402052, 113.974117 ] }, { "date": "2025-06-20", "close": 104.260956, "volume": 28334, "typical_volume": 143243.75, "trend": 109.91783, "fair_value": 105.74406, "relative_strength": -1.18113, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.168856, "energy": 28.177529, "activity_lines": [ 105.527121, 107.874902, 114.151137, 113.636795 ] }, { "date": "2025-06-27", "close": 109.404755, "volume": 41200, "typical_volume": 142269.35, "trend": 110.745802, "fair_value": 106.100197, "relative_strength": 1.414718, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.892882, "energy": 24.685953, "activity_lines": [ 106.476745, 107.427127, 113.462519, 113.603694 ] }, { "date": "2025-07-04", "close": 114.350716, "volume": 55971, "typical_volume": 139974.95, "trend": 111.591993, "fair_value": 106.465768, "relative_strength": 6.006155, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.651322, "energy": 14.028511, "activity_lines": [ 109.035456, 108.214438, 113.273309, 113.836269 ] }, { "date": "2025-07-11", "close": 113.163689, "volume": 22879, "typical_volume": 138053.8, "trend": 112.421428, "fair_value": 106.75816, "relative_strength": 3.761444, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.49816, "energy": 8.742324, "activity_lines": [ 110.855571, 109.159802, 112.982377, 113.937669 ] }, { "date": "2025-07-18", "close": 118.109657, "volume": 61349, "typical_volume": 139830.15, "trend": 113.282119, "fair_value": 107.094628, "relative_strength": 8.098155, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.261288, "energy": 15.760634, "activity_lines": [ 113.955044, 110.991062, 113.172955, 114.304651 ] }, { "date": "2025-07-25", "close": 117.120461, "volume": 36475, "typical_volume": 140380.7, "trend": 114.07399, "fair_value": 107.428467, "relative_strength": 4.759757, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.242838, "energy": 19.11265, "activity_lines": [ 115.709212, 112.350752, 113.245062, 114.552286 ] }, { "date": "2025-08-01", "close": 115.339912, "volume": 33489, "typical_volume": 118214.35, "trend": 114.620758, "fair_value": 107.74718, "relative_strength": 6.081979, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.47109, "energy": 22.382811, "activity_lines": [ 116.012565, 113.232033, 113.105697, 114.633959 ] }, { "date": "2025-08-08", "close": 114.548561, "volume": 24583, "typical_volume": 101808.65, "trend": 115.102042, "fair_value": 108.070718, "relative_strength": 2.584578, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.619152, "energy": 18.144022, "activity_lines": [ 115.656456, 113.850729, 112.933896, 114.629301 ] }, { "date": "2025-08-15", "close": 119.296684, "volume": 141768, "typical_volume": 91192.9, "trend": 115.754632, "fair_value": 108.424075, "relative_strength": 5.113345, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.696547, "energy": 28.314763, "activity_lines": [ 116.869865, 115.235599, 113.281481, 114.899923 ] }, { "date": "2025-08-22", "close": 129.386459, "volume": 155490, "typical_volume": 84956.35, "trend": 116.763101, "fair_value": 108.844584, "relative_strength": 11.568502, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.491596, "energy": 52.959701, "activity_lines": [ 121.037667, 118.242746, 114.677399, 115.779395 ] }, { "date": "2025-08-29", "close": 131.562683, "volume": 52593, "typical_volume": 74167.0, "trend": 117.166282, "fair_value": 109.300693, "relative_strength": 15.716065, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.105041, "energy": 66.488482, "activity_lines": [ 125.179089, 121.163564, 116.285483, 116.734207 ] }, { "date": "2025-09-05", "close": 121.670746, "volume": 152232, "typical_volume": 77576.25, "trend": 117.376602, "fair_value": 109.702054, "relative_strength": 6.764787, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.134948, "energy": 54.477706, "activity_lines": [ 125.060385, 121.789453, 116.916226, 117.024818 ] }, { "date": "2025-09-12", "close": 133.145401, "volume": 62656, "typical_volume": 75882.4, "trend": 117.923786, "fair_value": 110.147277, "relative_strength": 15.93757, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.093327, "energy": 77.715084, "activity_lines": [ 128.344509, 124.278624, 118.669338, 118.04216 ] }, { "date": "2025-09-19", "close": 127.012383, "volume": 27846, "typical_volume": 73040.9, "trend": 118.31216, "fair_value": 110.532153, "relative_strength": 9.884285, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.247653, "energy": 60.221581, "activity_lines": [ 128.344505, 125.31098, 119.846774, 118.628521 ] }, { "date": "2025-09-26", "close": 119.69236, "volume": 32200, "typical_volume": 68951.75, "trend": 118.534744, "fair_value": 110.883097, "relative_strength": 3.466, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.241993, "energy": 35.101552, "activity_lines": [ 125.390114, 124.760629, 120.257617, 118.717566 ] }, { "date": "2025-10-03", "close": 118.109657, "volume": 42473, "typical_volume": 67242.95, "trend": 118.860993, "fair_value": 111.2307, "relative_strength": -1.023089, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 9.258541, "energy": 13.606859, "activity_lines": [ 122.554428, 123.893736, 120.433787, 118.690141 ] }, { "date": "2025-10-10", "close": 117.911812, "volume": 34244, "typical_volume": 63591.2, "trend": 118.646206, "fair_value": 111.581984, "relative_strength": -0.278094, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -1.729477, "energy": 11.511043, "activity_lines": [ 120.549662, 122.972887, 120.545895, 118.628903 ] }, { "date": "2025-10-17", "close": 115.339912, "volume": 22166, "typical_volume": 61158.8, "trend": 118.202301, "fair_value": 111.913069, "relative_strength": -2.208635, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.939118, "energy": 19.145174, "activity_lines": [ 117.938192, 121.537657, 120.369725, 118.415594 ] }, { "date": "2025-10-24", "close": 122.264267, "volume": 40242, "typical_volume": 58390.0, "trend": 117.6894, "fair_value": 112.167915, "relative_strength": 0.227093, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.736589, "energy": 19.82138, "activity_lines": [ 118.821873, 121.347013, 120.823812, 118.677656 ] }, { "date": "2025-10-31", "close": 121.27507, "volume": 14794, "typical_volume": 54149.2, "trend": 117.384677, "fair_value": 112.376212, "relative_strength": -0.043659, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.585805, "energy": 12.648828, "activity_lines": [ 119.692362, 120.922559, 121.113975, 118.90899 ] }, { "date": "2025-11-07", "close": 114.548561, "volume": 76752, "typical_volume": 56570.1, "trend": 117.064299, "fair_value": 112.584073, "relative_strength": -4.572826, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.492524, "energy": 7.992862, "activity_lines": [ 118.215168, 119.422583, 120.675904, 118.726015 ] }, { "date": "2025-11-14", "close": 114.152885, "volume": 28095, "typical_volume": 55914.85, "trend": 116.606897, "fair_value": 112.7529, "relative_strength": -5.847785, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.115413, "energy": 8.407986, "activity_lines": [ 116.843488, 118.160013, 120.151161, 118.538182 ] }, { "date": "2025-11-21", "close": 111.580986, "volume": 15274, "typical_volume": 53880.0, "trend": 115.829133, "fair_value": 112.833484, "relative_strength": -6.203645, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.118058, "energy": 33.536799, "activity_lines": [ 114.865104, 116.566514, 119.358865, 118.213929 ] }, { "date": "2025-11-28", "close": 113.95504, "volume": 36531, "typical_volume": 54562.6, "trend": 115.880026, "fair_value": 112.753605, "relative_strength": -7.538218, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.995056, "energy": 36.471923, "activity_lines": [ 113.928666, 115.796742, 118.805858, 118.09302 ] }, { "date": "2025-12-05", "close": 113.163689, "volume": 8199, "typical_volume": 51905.1, "trend": 116.249972, "fair_value": 112.808455, "relative_strength": -9.678225, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.518649, "energy": 40.945532, "activity_lines": [ 113.282393, 115.120493, 118.173717, 117.917772 ] }, { "date": "2025-12-12", "close": 108.415558, "volume": 54645, "typical_volume": 52813.6, "trend": 116.243377, "fair_value": 112.822972, "relative_strength": -13.442234, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.852349, "energy": 54.738472, "activity_lines": [ 111.594168, 113.699652, 117.112924, 117.412326 ] }, { "date": "2025-12-19", "close": 107.822044, "volume": 100940, "typical_volume": 56186.15, "trend": 116.210404, "fair_value": 112.802754, "relative_strength": -14.554153, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.224966, "energy": 56.544147, "activity_lines": [ 110.116972, 112.347154, 116.037059, 116.869015 ] }, { "date": "2025-12-26", "close": 110.987457, "volume": 54560, "typical_volume": 57685.0, "trend": 116.269755, "fair_value": 112.831282, "relative_strength": -12.342581, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.570083, "energy": 50.833348, "activity_lines": [ 110.11697, 111.753637, 115.298461, 116.53205 ] }, { "date": "2026-01-02", "close": 110.789627, "volume": 13654, "typical_volume": 51279.3, "trend": 116.375269, "fair_value": 112.861017, "relative_strength": -13.438405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.997556, "energy": 56.38973, "activity_lines": [ 110.090593, 111.203287, 114.557979, 116.178494 ] }, { "date": "2026-01-09", "close": 107.624207, "volume": 32678, "typical_volume": 45138.7, "trend": 116.53354, "fair_value": 112.80489, "relative_strength": -18.429075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.629197, "energy": 54.015464, "activity_lines": [ 109.220104, 110.286035, 113.556539, 115.613909 ] }, { "date": "2026-01-16", "close": 107.228531, "volume": 25583, "typical_volume": 43788.2, "trend": 116.632459, "fair_value": 112.743752, "relative_strength": -20.35634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.251453, "energy": 46.139084, "activity_lines": [ 108.587021, 109.54504, 112.621045, 115.013586 ] }, { "date": "2026-01-23", "close": 107.030685, "volume": 132003, "typical_volume": 42776.75, "trend": 116.553323, "fair_value": 112.767949, "relative_strength": -19.775381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.25672, "energy": 55.269078, "activity_lines": [ 107.967125, 108.901164, 111.782586, 114.394117 ] }, { "date": "2026-01-30", "close": 105.447983, "volume": 82303, "typical_volume": 43759.1, "trend": 116.256566, "fair_value": 112.763442, "relative_strength": -20.959898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.854377, "energy": 55.268941, "activity_lines": [ 106.872419, 108.099018, 110.863107, 113.677643 ] }, { "date": "2026-02-06", "close": 99.512825, "volume": 34247, "typical_volume": 44079.15, "trend": 115.801537, "fair_value": 112.702332, "relative_strength": -27.278074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.869253, "energy": 72.582252, "activity_lines": [ 104.168625, 106.329262, 109.510268, 112.597402 ] }, { "date": "2026-02-13", "close": 97.633354, "volume": 49140, "typical_volume": 44926.15, "trend": 115.118993, "fair_value": 112.639071, "relative_strength": -28.268748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.224404, "energy": 79.574019, "activity_lines": [ 101.590128, 104.48037, 108.109382, 111.425261 ] }, { "date": "2026-02-20", "close": 97.534439, "volume": 54199, "typical_volume": 45512.45, "trend": 114.466126, "fair_value": 112.628376, "relative_strength": -29.345315, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.591487, "energy": 83.558124, "activity_lines": [ 99.644716, 102.895863, 106.804118, 110.290773 ] }, { "date": "2026-02-27", "close": 98.919312, "volume": 28092, "typical_volume": 45204.85, "trend": 113.918773, "fair_value": 112.645734, "relative_strength": -28.942914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.205748, "energy": 79.903043, "activity_lines": [ 98.807201, 101.76099, 105.728725, 109.287753 ] }, { "date": "2026-03-06", "close": 98.721474, "volume": 44658, "typical_volume": 46329.45, "trend": 113.391203, "fair_value": 112.658732, "relative_strength": -24.544216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.240327, "energy": 71.98115, "activity_lines": [ 98.444498, 100.752014, 104.72493, 108.307282 ] }, { "date": "2026-03-13", "close": 93.973343, "volume": 23807, "typical_volume": 45507.7, "trend": 112.547092, "fair_value": 112.652427, "relative_strength": -27.206375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.083617, "energy": 73.193648, "activity_lines": [ 96.947519, 99.102759, 103.348067, 107.054517 ] }, { "date": "2026-03-20", "close": 93.676582, "volume": 70184, "typical_volume": 48277.2, "trend": 111.356762, "fair_value": 112.649169, "relative_strength": -22.972415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.546285, "energy": 61.031259, "activity_lines": [ 95.720918, 97.705299, 102.07766, 105.837065 ] }, { "date": "2026-03-27", "close": 91.698196, "volume": 44207, "typical_volume": 46649.95, "trend": 110.027946, "fair_value": 112.63694, "relative_strength": -23.815599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.097631, "energy": 67.607426, "activity_lines": [ 94.09864, 96.201725, 100.750257, 104.56877 ] }, { "date": "2026-04-03", "close": 93.973343, "volume": 66055, "typical_volume": 48547.95, "trend": 109.104699, "fair_value": 112.584859, "relative_strength": -23.720366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.749529, "energy": 58.167352, "activity_lines": [ 93.623827, 95.394184, 99.748346, 103.532989 ] }, { "date": "2026-04-10", "close": 95.654968, "volume": 63964, "typical_volume": 50982.45, "trend": 107.855018, "fair_value": 112.570776, "relative_strength": -25.132503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.339919, "energy": 53.788397, "activity_lines": [ 94.039287, 95.129799, 99.002682, 102.665265 ] }, { "date": "2026-04-17", "close": 111.976654, "volume": 658472, "typical_volume": 82079.5, "trend": 107.353827, "fair_value": 112.656371, "relative_strength": -13.574603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.55377, "energy": 11.42185, "activity_lines": [ 100.099743, 98.011048, 99.887303, 102.931177 ] }, { "date": "2026-04-24", "close": 111.580986, "volume": 20205, "typical_volume": 82679.8, "trend": 107.083448, "fair_value": 112.668909, "relative_strength": -10.803089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.128449, "energy": 21.577856, "activity_lines": [ 104.828089, 100.593742, 100.743663, 103.203897 ] }, { "date": "2026-05-01", "close": 125.627518, "volume": 168559, "typical_volume": 88375.5, "trend": 107.334044, "fair_value": 112.760354, "relative_strength": 1.981488, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.509005, "energy": 52.100139, "activity_lines": [ 113.044985, 105.476758, 102.945324, 104.400288 ] }, { "date": "2026-05-08", "close": 133.738907, "volume": 102040, "typical_volume": 88430.5, "trend": 107.861613, "fair_value": 112.916739, "relative_strength": 8.005247, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.802907, "energy": 76.59679, "activity_lines": [ 121.703723, 111.323789, 105.837536, 106.103828 ] }, { "date": "2026-05-15", "close": 139.600006, "volume": 165732, "typical_volume": 93989.1, "trend": 108.670283, "fair_value": 113.052285, "relative_strength": 13.943116, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 64.724263, "energy": 87.319231, "activity_lines": [ 129.665123, 117.603391, 109.164535, 108.151466 ] }, { "date": "2026-05-22", "close": 140.800003, "volume": 116804, "typical_volume": 99146.6, "trend": 109.288141, "fair_value": 113.118472, "relative_strength": 10.869809, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.102912, "energy": 94.540925, "activity_lines": [ 135.096852, 123.357928, 112.469569, 110.224351 ] }, { "date": "2026-05-29", "close": 149.0, "volume": 324887, "typical_volume": 113757.05, "trend": 110.212305, "fair_value": 113.269536, "relative_strength": 17.418702, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.127776, "energy": 95.551096, "activity_lines": [ 141.340357, 129.751979, 116.412648, 112.786407 ] }, { "date": "2026-06-05", "close": 144.0, "volume": 10158, "typical_volume": 112985.8, "trend": 111.19402, "fair_value": 113.408432, "relative_strength": 14.077068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.284926, "energy": 89.163645, "activity_lines": [ 143.422595, 134.23106, 119.68251, 114.966258 ] }, { "date": "2026-06-12", "close": 148.600006, "volume": 6974, "typical_volume": 106734.35, "trend": 112.342257, "fair_value": 113.545746, "relative_strength": 17.49904, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.017119, "energy": 85.130271, "activity_lines": [ 145.813336, 138.595563, 123.215364, 117.379547 ] }, { "date": "2026-06-19", "close": 148.0, "volume": 37794, "typical_volume": 104508.9, "trend": 113.556225, "fair_value": 113.649388, "relative_strength": 14.414734, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.060731, "energy": 71.140559, "activity_lines": [ 147.013335, 141.857762, 126.493127, 119.680047 ] }, { "date": "2026-06-26", "close": 145.0, "volume": 9109, "typical_volume": 103252.0, "trend": 114.591057, "fair_value": 113.735042, "relative_strength": 12.863311, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.162181, "energy": 65.571789, "activity_lines": [ 146.653335, 143.622779, 129.282546, 121.708678 ] }, { "date": "2026-07-03", "close": 140.800003, "volume": 19250, "typical_volume": 101757.5, "trend": 115.512267, "fair_value": 113.807443, "relative_strength": 6.547129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.572784, "energy": 62.274436, "activity_lines": [ 144.613335, 144.023735, 131.45536, 123.399577 ] }, { "date": "2026-07-10", "close": 149.0, "volume": 75936, "typical_volume": 102844.35, "trend": 116.865082, "fair_value": 113.755936, "relative_strength": 15.077576, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.817768, "energy": 60.331519, "activity_lines": [ 145.853335, 145.384345, 134.203571, 125.560076 ] }, { "date": "2026-07-17", "close": 156.199997, "volume": 86988, "typical_volume": 105789.15, "trend": 118.47768, "fair_value": 113.862432, "relative_strength": 21.633591, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.553316, "energy": 63.203974, "activity_lines": [ 149.16, 147.629092, 137.392422, 128.097813 ] }, { "date": "2026-07-24", "close": 157.199997, "volume": 71124, "typical_volume": 107112.45, "trend": 120.018098, "fair_value": 113.96291, "relative_strength": 20.159363, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.586247, "energy": 63.012186, "activity_lines": [ 152.293332, 149.647273, 140.403745, 130.596027 ] }, { "date": "2026-07-31", "close": 155.800003, "volume": 36445, "typical_volume": 107744.35, "trend": 121.518444, "fair_value": 114.022102, "relative_strength": 17.2188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.642614, "energy": 64.998091, "activity_lines": [ 154.346666, 151.090909, 143.003267, 132.904537 ] }, { "date": "2026-08-07", "close": 156.600006, "volume": 55620, "typical_volume": 107016.15, "trend": 123.150971, "fair_value": 114.100093, "relative_strength": 15.31648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.131753, "energy": 72.489259, "activity_lines": [ 155.946668, 152.407274, 145.384567, 135.167863 ] } ], "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." } } }