{ "ticker": { "uuid": "febfb9ef-5713-4df4-944a-1d9832867613", "symbol": "TSCO", "name": "Tesco PLC", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 63.962, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 46.064, "architecture_energy": 44.66, "architecture_maturity": 13.485, "architecture_confidence": 60.906, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 37.52, "rotation_up": 66.31, "upward_expansion": 77.94, "deceleration": 39.82, "rotation_down": 8.4, "downward_expansion": 14.27 }, "activity_lines": [ 481.04, 474.870909, 469.392283, 469.742352 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 475.1, "trend_reference": 466.439336, "distance_from_trend": 0.018568, "trend_direction": "Improving", "fair_value": 371.978842, "distance_from_fair_value": 0.277223, "fair_value_direction": "Weakening", "relative_strength": -3.902934, "relative_strength_direction": "Weakening", "price_momentum": 0.051094, "excess_performance": -0.000141, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.018568, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018186, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.277223, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.039235, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.039029, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.039369, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.051094, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.007567, "read": "Demand-led" } ], "volume": { "latest": 59838490, "relative_activity": 0.942425, "balance": 1.007567, "dry_up": 0.945234, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.049431, "annualized_volatility": 0.277598, "from_high_reference": -0.064936, "from_low_reference": 0.16426 }, "levels": { "trend_reference": 466.439336, "fair_value_reference": 371.978842, "structural_low": 429.899994, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": 0.038242, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.033177, "regime_survival": 0.5625, "best_return": 0.152579, "worst_return": -0.163401, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.110661, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.110211, "regime_survival": 0.142857, "best_return": 0.17424, "worst_return": -0.133469, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.232541, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.16616, "regime_survival": 0.0, "best_return": 0.294259, "worst_return": -0.07727, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.211897, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.151407, "regime_survival": 0.25, "best_return": 0.441857, "worst_return": -0.045891, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-07-12", "tenure": "New", "return": 0.023473, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-10-25", "tenure": "Established", "return": 0.082335, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-12-06", "tenure": "Developing", "return": 0.05431, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-03-07", "tenure": "Established", "return": 0.021774, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-06-13", "tenure": "Established", "return": 0.17424, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-11-28", "tenure": "Established", "return": 0.120269, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2026-01-16", "tenure": "Developing", "return": -0.068433, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.094143, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-27", "tenure": "Developing", "return": -0.059546, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": -0.001951, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-15", "tenure": "Developing", "return": -0.074826, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": -0.070441, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": 0.012327, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.018217, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 249.427185, "volume": 72874449, "typical_volume": 93537292.4, "trend": 257.97496, "fair_value": 257.42175, "relative_strength": 5.587468, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -30.09875, "energy": 21.496719, "activity_lines": [ 252.244104, 252.343996, 256.751276, 258.370983 ] }, { "date": "2023-08-25", "close": 259.815826, "volume": 79781767, "typical_volume": 94339853.25, "trend": 258.416565, "fair_value": 257.319385, "relative_strength": 8.751007, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.334858, "energy": 13.081567, "activity_lines": [ 254.075436, 253.642576, 256.594537, 258.489749 ] }, { "date": "2023-09-01", "close": 264.410828, "volume": 72280728, "typical_volume": 92750431.25, "trend": 259.02798, "fair_value": 257.269918, "relative_strength": 8.714165, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.567056, "energy": 9.814138, "activity_lines": [ 257.445095, 255.827464, 256.894126, 258.876476 ] }, { "date": "2023-09-08", "close": 258.317474, "volume": 82754736, "typical_volume": 93580633.7, "trend": 259.549464, "fair_value": 257.140973, "relative_strength": 5.891872, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.173411, "energy": 16.156423, "activity_lines": [ 258.563872, 256.615694, 256.62972, 258.830637 ] }, { "date": "2023-09-15", "close": 270.404297, "volume": 105529298, "typical_volume": 95318914.3, "trend": 260.210865, "fair_value": 257.099209, "relative_strength": 7.29684, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.345494, "energy": 27.31537, "activity_lines": [ 263.17218, 259.416277, 257.612664, 259.530948 ] }, { "date": "2023-09-22", "close": 270.604034, "volume": 109205520, "typical_volume": 98378992.35, "trend": 261.012077, "fair_value": 257.087826, "relative_strength": 7.514185, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.214483, "energy": 44.881309, "activity_lines": [ 266.548484, 261.811838, 258.663761, 260.201475 ] }, { "date": "2023-09-29", "close": 263.911377, "volume": 120434111, "typical_volume": 98245443.3, "trend": 261.277288, "fair_value": 257.082041, "relative_strength": 5.606127, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.687484, "energy": 41.597623, "activity_lines": [ 266.282113, 262.610969, 259.134677, 260.388527 ] }, { "date": "2023-10-06", "close": 278.095825, "volume": 130749959, "typical_volume": 100215161.9, "trend": 261.905461, "fair_value": 257.089581, "relative_strength": 12.411798, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.211827, "energy": 55.267028, "activity_lines": [ 270.470854, 265.916441, 261.011194, 261.473594 ] }, { "date": "2023-10-13", "close": 275.336609, "volume": 114542498, "typical_volume": 101386278.2, "trend": 262.864426, "fair_value": 257.122026, "relative_strength": 9.325363, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.58559, "energy": 51.300975, "activity_lines": [ 272.827523, 268.411484, 262.569276, 262.34012 ] }, { "date": "2023-10-20", "close": 272.439392, "volume": 102306625, "typical_volume": 101161077.45, "trend": 263.596991, "fair_value": 257.137515, "relative_strength": 10.622807, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.749428, "energy": 39.804843, "activity_lines": [ 273.083844, 269.92321, 263.795124, 262.957859 ] }, { "date": "2023-10-27", "close": 272.139648, "volume": 101583889, "typical_volume": 101355908.8, "trend": 263.823566, "fair_value": 257.220611, "relative_strength": 11.716384, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.43727, "energy": 39.704731, "activity_lines": [ 273.104577, 270.989276, 264.943253, 263.508999 ] }, { "date": "2023-11-03", "close": 275.536407, "volume": 143978545, "typical_volume": 101939507.2, "trend": 264.216628, "fair_value": 257.226041, "relative_strength": 10.752616, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.331409, "energy": 43.536845, "activity_lines": [ 274.15519, 272.259981, 266.36476, 264.264666 ] }, { "date": "2023-11-10", "close": 277.434601, "volume": 204265430, "typical_volume": 107741083.45, "trend": 264.536481, "fair_value": 257.187853, "relative_strength": 11.960178, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.955455, "energy": 40.241965, "activity_lines": [ 275.063531, 273.589983, 267.905506, 265.117438 ] }, { "date": "2023-11-17", "close": 275.736237, "volume": 96777685, "typical_volume": 108158209.05, "trend": 264.443535, "fair_value": 257.074102, "relative_strength": 8.804158, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.317911, "energy": 36.942268, "activity_lines": [ 275.449833, 274.374396, 269.146853, 265.840003 ] }, { "date": "2023-11-24", "close": 283.528778, "volume": 72341985, "typical_volume": 106003098.3, "trend": 264.537106, "fair_value": 257.049918, "relative_strength": 11.705066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.587654, "energy": 51.060558, "activity_lines": [ 278.407007, 276.258929, 270.998883, 267.071309 ] }, { "date": "2023-12-01", "close": 279.332794, "volume": 96295152, "typical_volume": 106115672.3, "trend": 264.427564, "fair_value": 257.009346, "relative_strength": 9.022972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.149878, "energy": 45.62282, "activity_lines": [ 279.226227, 277.14193, 272.273209, 268.02587 ] }, { "date": "2023-12-08", "close": 287.624847, "volume": 89038667, "typical_volume": 105430093.15, "trend": 264.835099, "fair_value": 257.043758, "relative_strength": 11.405814, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.888714, "energy": 59.127381, "activity_lines": [ 282.329921, 279.373872, 274.196274, 269.522468 ] }, { "date": "2023-12-15", "close": 282.42984, "volume": 146600403, "typical_volume": 107304805.55, "trend": 265.369139, "fair_value": 257.022231, "relative_strength": 8.649479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.731871, "energy": 38.237028, "activity_lines": [ 282.896051, 280.230113, 275.492629, 270.657613 ] }, { "date": "2023-12-22", "close": 286.425995, "volume": 122494287, "typical_volume": 108488720.55, "trend": 266.132946, "fair_value": 256.975387, "relative_strength": 8.034539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.300492, "energy": 38.211974, "activity_lines": [ 284.461216, 281.734127, 277.068067, 272.01612 ] }, { "date": "2023-12-29", "close": 290.222351, "volume": 27671907, "typical_volume": 104575382.05, "trend": 267.069913, "fair_value": 256.965007, "relative_strength": 8.507766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.710802, "energy": 35.518376, "activity_lines": [ 286.579183, 283.726763, 278.832683, 273.570275 ] }, { "date": "2024-01-05", "close": 300.612427, "volume": 89781630, "typical_volume": 105420741.1, "trend": 268.369865, "fair_value": 256.905619, "relative_strength": 12.542636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.457486, "energy": 42.096376, "activity_lines": [ 291.71427, 287.285177, 281.399703, 275.734308 ] }, { "date": "2024-01-12", "close": 296.616211, "volume": 178545915, "typical_volume": 110358948.5, "trend": 269.503313, "fair_value": 256.85376, "relative_strength": 11.517568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.833285, "energy": 43.593148, "activity_lines": [ 294.098643, 289.59932, 283.342392, 277.556653 ] }, { "date": "2024-01-19", "close": 295.717102, "volume": 145497005, "typical_volume": 114019762.35, "trend": 271.076278, "fair_value": 256.793714, "relative_strength": 13.123549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.948754, "energy": 42.385479, "activity_lines": [ 295.583889, 291.366719, 285.024211, 279.247865 ] }, { "date": "2024-01-26", "close": 293.219482, "volume": 131503827, "typical_volume": 116457216.9, "trend": 272.579306, "fair_value": 256.737868, "relative_strength": 9.224815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.580473, "energy": 42.785353, "activity_lines": [ 295.350777, 292.347596, 286.319085, 280.676459 ] }, { "date": "2024-02-02", "close": 290.522064, "volume": 143838000, "typical_volume": 118372652.0, "trend": 274.059015, "fair_value": 256.608139, "relative_strength": 8.084267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.968001, "energy": 30.71708, "activity_lines": [ 293.765627, 292.520156, 287.190861, 281.834056 ] }, { "date": "2024-02-09", "close": 280.231903, "volume": 87665634, "typical_volume": 117295657.7, "trend": 275.07585, "fair_value": 256.459338, "relative_strength": 4.492489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.414301, "energy": 16.5515, "activity_lines": [ 288.730442, 290.694627, 286.986823, 282.232307 ] }, { "date": "2024-02-16", "close": 279.332794, "volume": 117811627, "typical_volume": 117164533.5, "trend": 275.723086, "fair_value": 256.794172, "relative_strength": 2.006031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.526615, "energy": 14.232684, "activity_lines": [ 284.754256, 288.689277, 286.651309, 282.506949 ] }, { "date": "2024-02-23", "close": 279.432709, "volume": 93551323, "typical_volume": 115304601.7, "trend": 276.333697, "fair_value": 257.147555, "relative_strength": 1.840201, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.217263, "energy": 14.752202, "activity_lines": [ 281.963603, 286.852857, 286.251875, 282.746279 ] }, { "date": "2024-03-01", "close": 277.334717, "volume": 92425863, "typical_volume": 114198769.95, "trend": 277.23731, "fair_value": 257.492607, "relative_strength": 1.176011, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.099313, "energy": 12.396796, "activity_lines": [ 279.559245, 284.689478, 285.646266, 282.810861 ] }, { "date": "2024-03-08", "close": 285.926483, "volume": 133116822, "typical_volume": 115739279.8, "trend": 278.404008, "fair_value": 257.894014, "relative_strength": 4.403137, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.805682, "energy": 10.816139, "activity_lines": [ 281.077793, 284.253533, 285.849406, 283.371453 ] }, { "date": "2024-03-15", "close": 287.325134, "volume": 124633974, "typical_volume": 116891784.05, "trend": 279.667273, "fair_value": 258.273045, "relative_strength": 3.795429, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.544035, "energy": 9.169858, "activity_lines": [ 283.368931, 284.149996, 286.121526, 283.94701 ] }, { "date": "2024-03-22", "close": 293.918854, "volume": 102607202, "typical_volume": 114823216.9, "trend": 280.80404, "fair_value": 258.694984, "relative_strength": 3.273413, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.222089, "energy": 18.567069, "activity_lines": [ 287.385093, 285.486904, 286.949308, 284.866466 ] }, { "date": "2024-03-29", "close": 296.316559, "volume": 51644916, "typical_volume": 107192191.2, "trend": 281.867565, "fair_value": 259.136449, "relative_strength": 3.693316, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.131475, "energy": 43.777957, "activity_lines": [ 291.228086, 287.308801, 287.917908, 285.867274 ] }, { "date": "2024-04-05", "close": 289.323242, "volume": 66824928, "typical_volume": 105694553.35, "trend": 282.90109, "fair_value": 259.491831, "relative_strength": 1.639751, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.412076, "energy": 42.37208, "activity_lines": [ 291.614384, 287.848287, 288.130563, 286.348286 ] }, { "date": "2024-04-12", "close": 282.629608, "volume": 157580485, "typical_volume": 109956478.35, "trend": 283.308601, "fair_value": 259.820615, "relative_strength": -1.82924, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.971002, "energy": 22.211331, "activity_lines": [ 288.970235, 287.241589, 287.641029, 286.330771 ] }, { "date": "2024-04-19", "close": 281.131073, "volume": 110627443, "typical_volume": 110673092.9, "trend": 283.659502, "fair_value": 260.199277, "relative_strength": -1.138453, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.285024, "energy": 4.67954, "activity_lines": [ 286.046366, 286.50593, 287.013059, 286.190285 ] }, { "date": "2024-04-26", "close": 288.623901, "volume": 115358426, "typical_volume": 111989080.85, "trend": 284.483253, "fair_value": 260.635884, "relative_strength": -1.533802, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.345411, "energy": 14.538752, "activity_lines": [ 286.033044, 287.116254, 287.090129, 286.510569 ] }, { "date": "2024-05-03", "close": 298.014893, "volume": 76241655, "typical_volume": 108471143.45, "trend": 285.147222, "fair_value": 261.091115, "relative_strength": 0.76042, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.305317, "energy": 21.068402, "activity_lines": [ 289.50305, 289.265102, 288.056821, 287.383578 ] }, { "date": "2024-05-10", "close": 311.4021, "volume": 74235843, "typical_volume": 106058221.25, "trend": 286.349405, "fair_value": 261.610094, "relative_strength": 2.459416, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.678638, "energy": 58.087375, "activity_lines": [ 297.322235, 293.51013, 290.224271, 289.077441 ] }, { "date": "2024-05-17", "close": 310.685364, "volume": 134129267, "typical_volume": 111381089.25, "trend": 287.624271, "fair_value": 262.157688, "relative_strength": 2.248211, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.640905, "energy": 71.189072, "activity_lines": [ 303.430585, 297.005436, 292.204527, 290.647503 ] }, { "date": "2024-05-24", "close": 314.782562, "volume": 140420691, "typical_volume": 113913042.3, "trend": 289.045701, "fair_value": 262.747221, "relative_strength": 4.69185, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.306443, "energy": 79.214667, "activity_lines": [ 309.034284, 300.795525, 294.477549, 292.399651 ] }, { "date": "2024-05-31", "close": 310.785309, "volume": 93994032, "typical_volume": 109685448.15, "trend": 290.220664, "fair_value": 263.299934, "relative_strength": 3.71847, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.725928, "energy": 75.788434, "activity_lines": [ 311.062132, 303.359614, 296.302403, 293.802206 ] }, { "date": "2024-06-07", "close": 307.387634, "volume": 127982539, "typical_volume": 108809724.85, "trend": 291.219099, "fair_value": 263.788642, "relative_strength": 2.811148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.807933, "energy": 68.131978, "activity_lines": [ 310.479995, 304.999282, 297.736197, 294.909752 ] }, { "date": "2024-06-14", "close": 309.985901, "volume": 133906605, "typical_volume": 108929863.75, "trend": 292.360754, "fair_value": 264.357024, "relative_strength": 4.728875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.482953, "energy": 48.852349, "activity_lines": [ 310.139097, 306.91007, 299.361872, 296.120514 ] }, { "date": "2024-06-21", "close": 308.386963, "volume": 102980005, "typical_volume": 106886964.0, "trend": 293.189361, "fair_value": 264.897562, "relative_strength": 2.815502, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.55993, "energy": 38.415873, "activity_lines": [ 309.359633, 308.154457, 300.755426, 297.154463 ] }, { "date": "2024-06-28", "close": 305.788727, "volume": 151381528, "typical_volume": 110072758.7, "trend": 294.071225, "fair_value": 265.420805, "relative_strength": 2.623896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.479012, "energy": 28.977508, "activity_lines": [ 307.867318, 308.458122, 301.816459, 297.967325 ] }, { "date": "2024-07-05", "close": 310.785309, "volume": 69274948, "typical_volume": 107645924.75, "trend": 294.84324, "fair_value": 265.892266, "relative_strength": 3.578326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.502262, "energy": 30.288251, "activity_lines": [ 308.640119, 309.221935, 303.231657, 299.045653 ] }, { "date": "2024-07-12", "close": 318.080231, "volume": 53311143, "typical_volume": 105633915.75, "trend": 296.031587, "fair_value": 266.428404, "relative_strength": 5.106497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.208627, "energy": 42.965915, "activity_lines": [ 311.84456, 310.909163, 305.191836, 300.544814 ] }, { "date": "2024-07-19", "close": 325.774963, "volume": 85154764, "typical_volume": 105270360.8, "trend": 297.343219, "fair_value": 267.017706, "relative_strength": 8.588758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.552814, "energy": 64.037024, "activity_lines": [ 316.901072, 313.630609, 307.700811, 302.463741 ] }, { "date": "2024-07-26", "close": 326.874146, "volume": 69493471, "typical_volume": 102089193.25, "trend": 298.564946, "fair_value": 267.62237, "relative_strength": 6.937391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.052377, "energy": 77.960104, "activity_lines": [ 321.271375, 316.290582, 310.083802, 304.368962 ] }, { "date": "2024-08-02", "close": 326.474487, "volume": 79628275, "typical_volume": 99838908.3, "trend": 299.427014, "fair_value": 268.223514, "relative_strength": 7.871293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.427549, "energy": 79.936031, "activity_lines": [ 324.275979, 318.583548, 312.233741, 306.169578 ] }, { "date": "2024-08-09", "close": 330.27182, "volume": 119672439, "typical_volume": 100692170.15, "trend": 300.548868, "fair_value": 268.7863, "relative_strength": 8.813694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.186525, "energy": 82.032219, "activity_lines": [ 327.16731, 321.354357, 314.558906, 308.159565 ] }, { "date": "2024-08-16", "close": 340.964478, "volume": 81582505, "typical_volume": 102189049.6, "trend": 302.057114, "fair_value": 269.394917, "relative_strength": 10.019463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.728771, "energy": 89.501721, "activity_lines": [ 332.323759, 325.714986, 317.72931, 310.767024 ] }, { "date": "2024-08-23", "close": 348.858978, "volume": 74849624, "typical_volume": 102590284.4, "trend": 303.911764, "fair_value": 270.000719, "relative_strength": 11.970518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.270726, "energy": 92.239955, "activity_lines": [ 338.586092, 330.900491, 321.438961, 313.786499 ] }, { "date": "2024-08-30", "close": 353.455872, "volume": 64100385, "typical_volume": 97916279.4, "trend": 306.009557, "fair_value": 270.63055, "relative_strength": 12.393736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.604251, "energy": 93.266058, "activity_lines": [ 344.841789, 336.215011, 325.302909, 316.982893 ] }, { "date": "2024-09-06", "close": 366.346954, "volume": 87777704, "typical_volume": 96773792.45, "trend": 308.880059, "fair_value": 271.351333, "relative_strength": 18.648819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.993388, "energy": 96.374994, "activity_lines": [ 353.622398, 343.05393, 330.057311, 320.875629 ] }, { "date": "2024-09-13", "close": 364.248383, "volume": 72193257, "typical_volume": 94615534.0, "trend": 311.710578, "fair_value": 272.048747, "relative_strength": 16.132625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.231289, "energy": 92.74422, "activity_lines": [ 359.045319, 348.410232, 334.206059, 324.447779 ] }, { "date": "2024-09-20", "close": 363.149139, "volume": 99093338, "typical_volume": 95758118.15, "trend": 314.501126, "fair_value": 272.729198, "relative_strength": 15.864947, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.617135, "energy": 88.813951, "activity_lines": [ 361.836721, 352.594615, 337.89, 327.766395 ] }, { "date": "2024-09-27", "close": 360.450989, "volume": 73602075, "typical_volume": 95726429.75, "trend": 317.271669, "fair_value": 273.453452, "relative_strength": 13.255503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.958851, "energy": 76.739793, "activity_lines": [ 362.249762, 355.468991, 341.006812, 330.730903 ] }, { "date": "2024-10-04", "close": 361.949951, "volume": 128853569, "typical_volume": 95462644.85, "trend": 319.805784, "fair_value": 274.010416, "relative_strength": 13.900385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.58574, "energy": 64.764354, "activity_lines": [ 362.389657, 357.985432, 344.032816, 333.613372 ] }, { "date": "2024-10-11", "close": 356.995056, "volume": 52402873, "typical_volume": 91061753.95, "trend": 322.128115, "fair_value": 274.584677, "relative_strength": 12.312057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.47518, "energy": 59.293154, "activity_lines": [ 360.311647, 358.963241, 346.342808, 336.01268 ] }, { "date": "2024-10-18", "close": 361.592377, "volume": 132613320, "typical_volume": 92992718.35, "trend": 324.383899, "fair_value": 275.170173, "relative_strength": 11.973794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.80688, "energy": 55.87453, "activity_lines": [ 360.389539, 360.222008, 348.889628, 338.558762 ] }, { "date": "2024-10-25", "close": 352.597565, "volume": 110704798, "typical_volume": 92128831.3, "trend": 326.259932, "fair_value": 275.703448, "relative_strength": 10.340067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.775477, "energy": 42.803221, "activity_lines": [ 357.646226, 359.275889, 350.337861, 340.378998 ] }, { "date": "2024-11-01", "close": 347.800354, "volume": 120839864, "typical_volume": 91475494.25, "trend": 328.20917, "fair_value": 276.1711, "relative_strength": 9.49902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.931797, "energy": 29.841578, "activity_lines": [ 354.007282, 357.246039, 351.113931, 341.768703 ] }, { "date": "2024-11-08", "close": 345.001953, "volume": 167329802, "typical_volume": 94692984.1, "trend": 330.288248, "fair_value": 276.559067, "relative_strength": 9.753907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.734883, "energy": 21.999996, "activity_lines": [ 350.278912, 354.726637, 351.443419, 342.852108 ] }, { "date": "2024-11-15", "close": 345.501678, "volume": 103316326, "typical_volume": 92289724.0, "trend": 332.433935, "fair_value": 276.989589, "relative_strength": 9.702173, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.281403, "energy": 23.497253, "activity_lines": [ 347.846985, 352.451802, 351.646142, 343.83362 ] }, { "date": "2024-11-22", "close": 353.197235, "volume": 141169158, "typical_volume": 95884434.5, "trend": 334.586379, "fair_value": 277.467522, "relative_strength": 9.188639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.820407, "energy": 18.528809, "activity_lines": [ 348.746468, 351.955164, 352.392665, 345.173188 ] }, { "date": "2024-11-29", "close": 366.189758, "volume": 132558019, "typical_volume": 99846778.3, "trend": 336.858875, "fair_value": 278.022661, "relative_strength": 12.469395, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.660797, "energy": 27.462441, "activity_lines": [ 354.536468, 354.021733, 354.174611, 347.212115 ] }, { "date": "2024-12-06", "close": 366.689484, "volume": 112343174, "typical_volume": 101206198.8, "trend": 338.701787, "fair_value": 278.55349, "relative_strength": 12.001909, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.34595, "energy": 41.856775, "activity_lines": [ 359.586898, 356.123877, 355.775056, 349.136671 ] }, { "date": "2024-12-13", "close": 371.786591, "volume": 82878805, "typical_volume": 101875465.5, "trend": 340.738495, "fair_value": 279.116994, "relative_strength": 13.256981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.998119, "energy": 65.687748, "activity_lines": [ 365.077088, 359.039341, 357.66611, 351.271174 ] }, { "date": "2024-12-20", "close": 366.189758, "volume": 128209375, "typical_volume": 104304520.5, "trend": 342.452068, "fair_value": 279.622224, "relative_strength": 14.079808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.764951, "energy": 65.524365, "activity_lines": [ 366.916024, 360.75835, 358.810262, 352.913191 ] }, { "date": "2024-12-27", "close": 366.689484, "volume": 15143774, "typical_volume": 99078087.25, "trend": 344.315541, "fair_value": 280.117862, "relative_strength": 12.91337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.918763, "energy": 62.543019, "activity_lines": [ 367.54233, 362.401043, 359.812887, 354.476895 ] }, { "date": "2025-01-03", "close": 372.086365, "volume": 32905648, "typical_volume": 96644244.4, "trend": 346.472165, "fair_value": 280.653533, "relative_strength": 13.205441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.057804, "energy": 57.799235, "activity_lines": [ 369.068113, 364.932312, 361.156084, 356.268562 ] }, { "date": "2025-01-10", "close": 359.493622, "volume": 80624196, "typical_volume": 96932973.0, "trend": 348.122422, "fair_value": 281.134396, "relative_strength": 8.804178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.265727, "energy": 33.565396, "activity_lines": [ 366.003209, 364.819649, 361.151772, 357.108656 ] }, { "date": "2025-01-17", "close": 364.390839, "volume": 94669153, "typical_volume": 98461411.4, "trend": 349.989218, "fair_value": 281.622656, "relative_strength": 6.793019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.442177, "energy": 24.849957, "activity_lines": [ 365.050434, 365.384785, 361.563221, 358.158231 ] }, { "date": "2025-01-24", "close": 359.793457, "volume": 113765549, "typical_volume": 99760803.65, "trend": 351.789376, "fair_value": 281.987708, "relative_strength": 5.282917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.325359, "energy": 18.191493, "activity_lines": [ 363.058248, 364.761508, 361.484752, 358.790762 ] }, { "date": "2025-01-31", "close": 371.98645, "volume": 66717974, "typical_volume": 99487039.5, "trend": 353.829414, "fair_value": 282.481148, "relative_strength": 6.456167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.850343, "energy": 22.16357, "activity_lines": [ 365.556814, 366.095288, 362.598728, 360.093799 ] }, { "date": "2025-02-07", "close": 387.077789, "volume": 67707039, "typical_volume": 97917724.55, "trend": 356.129332, "fair_value": 283.054692, "relative_strength": 10.044545, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.807943, "energy": 49.666889, "activity_lines": [ 372.732694, 369.831325, 365.113127, 362.238856 ] }, { "date": "2025-02-14", "close": 396.372467, "volume": 71724024, "typical_volume": 97823822.0, "trend": 358.482583, "fair_value": 283.713091, "relative_strength": 11.786514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.180224, "energy": 39.286169, "activity_lines": [ 382.007373, 374.877522, 368.398787, 364.835187 ] }, { "date": "2025-02-21", "close": 373.885345, "volume": 94075828, "typical_volume": 96084934.95, "trend": 360.049623, "fair_value": 284.27629, "relative_strength": 5.987547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.187511, "energy": 36.279143, "activity_lines": [ 381.327754, 375.295461, 369.371761, 365.828914 ] }, { "date": "2025-02-28", "close": 379.981873, "volume": 89088450, "typical_volume": 97919213.8, "trend": 361.833202, "fair_value": 284.950233, "relative_strength": 5.52772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.150465, "energy": 35.427633, "activity_lines": [ 382.047345, 376.7837, 370.868522, 367.114865 ] }, { "date": "2025-03-07", "close": 379.881927, "volume": 130987776, "typical_volume": 97837936.6, "trend": 363.486872, "fair_value": 285.640172, "relative_strength": 6.754297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.121811, "energy": 28.655068, "activity_lines": [ 381.387726, 378.003002, 372.246304, 368.279299 ] }, { "date": "2025-03-14", "close": 339.005402, "volume": 119167493, "typical_volume": 98261071.35, "trend": 363.42157, "fair_value": 286.029691, "relative_strength": -4.301265, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.908011, "energy": 8.644507, "activity_lines": [ 366.576233, 371.550345, 369.64399, 366.69985 ] }, { "date": "2025-03-21", "close": 325.413208, "volume": 160929678, "typical_volume": 100265562.05, "trend": 362.640044, "fair_value": 286.351276, "relative_strength": -8.316948, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.348853, "energy": 13.916782, "activity_lines": [ 350.438835, 363.227853, 365.811905, 364.247697 ] }, { "date": "2025-03-28", "close": 332.109344, "volume": 141391952, "typical_volume": 98968669.55, "trend": 361.928493, "fair_value": 286.69499, "relative_strength": -6.608997, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.79108, "energy": 17.462954, "activity_lines": [ 341.264099, 356.742483, 362.724154, 362.277975 ] }, { "date": "2025-04-04", "close": 339.804932, "volume": 95680215, "typical_volume": 98586864.0, "trend": 361.043759, "fair_value": 287.137303, "relative_strength": 2.449679, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.357897, "energy": 30.827117, "activity_lines": [ 337.439626, 352.243248, 360.430709, 360.850648 ] }, { "date": "2025-04-11", "close": 327.511963, "volume": 145325135, "typical_volume": 98794662.85, "trend": 359.819212, "fair_value": 287.532809, "relative_strength": -0.39945, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.768239, "energy": 43.93514, "activity_lines": [ 332.19596, 345.872355, 356.993633, 358.687306 ] }, { "date": "2025-04-18", "close": 354.396545, "volume": 102238232, "typical_volume": 97278673.5, "trend": 359.527459, "fair_value": 288.105129, "relative_strength": 3.372169, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.961912, "energy": 26.387596, "activity_lines": [ 339.405151, 345.198195, 356.239303, 358.337457 ] }, { "date": "2025-04-25", "close": 357.694641, "volume": 119399821, "typical_volume": 97631505.85, "trend": 359.43558, "fair_value": 288.657641, "relative_strength": 2.268849, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.972764, "energy": 15.93328, "activity_lines": [ 346.687632, 345.717893, 355.855236, 358.219211 ] }, { "date": "2025-05-02", "close": 370.78714, "volume": 140829308, "typical_volume": 100529031.0, "trend": 359.730153, "fair_value": 289.297918, "relative_strength": 3.450927, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.748164, "energy": 11.194912, "activity_lines": [ 356.182184, 349.321279, 356.760907, 358.951569 ] }, { "date": "2025-05-09", "close": 377.483307, "volume": 77764895, "typical_volume": 98006807.0, "trend": 360.413095, "fair_value": 289.918413, "relative_strength": 5.480932, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.392059, "energy": 6.894082, "activity_lines": [ 365.330271, 354.198481, 358.309067, 360.096934 ] }, { "date": "2025-05-16", "close": 362.784912, "volume": 119900333, "typical_volume": 103244634.95, "trend": 360.452846, "fair_value": 290.577936, "relative_strength": -0.364744, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.625385, "energy": 9.730477, "activity_lines": [ 367.067002, 356.448676, 358.403601, 360.249954 ] }, { "date": "2025-05-23", "close": 381.578949, "volume": 118482599, "typical_volume": 107523482.5, "trend": 361.418892, "fair_value": 291.369454, "relative_strength": 4.112469, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.514311, "energy": 20.693193, "activity_lines": [ 372.716882, 362.426823, 360.306636, 361.612929 ] }, { "date": "2025-05-30", "close": 387.876953, "volume": 95211958, "typical_volume": 108252870.6, "trend": 362.754779, "fair_value": 292.198784, "relative_strength": 4.855109, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.502067, "energy": 33.513512, "activity_lines": [ 378.653937, 368.775997, 362.764279, 363.3199 ] }, { "date": "2025-06-06", "close": 390.476135, "volume": 87682782, "typical_volume": 107903552.05, "trend": 364.270585, "fair_value": 293.101098, "relative_strength": 4.446666, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.739838, "energy": 38.338029, "activity_lines": [ 383.445231, 374.462045, 365.334304, 365.108375 ] }, { "date": "2025-06-13", "close": 398.07373, "volume": 86879425, "typical_volume": 106559245.85, "trend": 366.022987, "fair_value": 294.041874, "relative_strength": 5.992324, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.950099, "energy": 74.746213, "activity_lines": [ 389.456457, 380.46826, 368.503694, 367.289223 ] }, { "date": "2025-06-20", "close": 401.872528, "volume": 101533616, "typical_volume": 108300027.95, "trend": 367.645497, "fair_value": 294.98332, "relative_strength": 7.521857, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.971613, "energy": 77.469026, "activity_lines": [ 395.361255, 386.105733, 371.852587, 369.602097 ] }, { "date": "2025-06-27", "close": 400.772858, "volume": 97885013, "typical_volume": 109808926.65, "trend": 368.798267, "fair_value": 295.921557, "relative_strength": 6.543443, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.258387, "energy": 76.254382, "activity_lines": [ 398.293654, 390.191256, 374.954435, 371.739346 ] }, { "date": "2025-07-04", "close": 405.371399, "volume": 85415060, "typical_volume": 110493478.45, "trend": 370.087664, "fair_value": 296.84447, "relative_strength": 7.084413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.911593, "energy": 78.826929, "activity_lines": [ 401.479307, 394.269671, 378.429024, 374.098903 ] }, { "date": "2025-07-11", "close": 400.972809, "volume": 60036127, "typical_volume": 108791493.4, "trend": 371.060538, "fair_value": 297.757747, "relative_strength": 4.22768, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.85126, "energy": 72.150706, "activity_lines": [ 402.032467, 396.681492, 381.441849, 376.091493 ] }, { "date": "2025-07-18", "close": 416.068024, "volume": 50986459, "typical_volume": 106886393.85, "trend": 372.723147, "fair_value": 298.764588, "relative_strength": 7.234896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.264585, "energy": 79.591848, "activity_lines": [ 406.917586, 401.289068, 385.763325, 378.995202 ] }, { "date": "2025-07-25", "close": 428.364136, "volume": 104524777, "typical_volume": 105563243.9, "trend": 374.778968, "fair_value": 299.829769, "relative_strength": 8.48862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.079727, "energy": 87.464134, "activity_lines": [ 414.701791, 407.43076, 391.08402, 382.584943 ] }, { "date": "2025-08-01", "close": 423.865509, "volume": 60671345, "typical_volume": 102638436.5, "trend": 376.50494, "fair_value": 300.869953, "relative_strength": 7.636035, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.655715, "energy": 86.58693, "activity_lines": [ 419.220345, 411.562171, 395.745407, 385.751816 ] }, { "date": "2025-08-08", "close": 406.770935, "volume": 140485594, "typical_volume": 101616232.3, "trend": 378.08085, "fair_value": 301.791596, "relative_strength": 2.792137, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.627376, "energy": 71.296372, "activity_lines": [ 416.501198, 411.81663, 398.374643, 387.704461 ] }, { "date": "2025-08-15", "close": 413.06897, "volume": 64014901, "typical_volume": 97747379.75, "trend": 379.703455, "fair_value": 302.705608, "relative_strength": 3.698857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.42751, "energy": 57.534063, "activity_lines": [ 415.788094, 412.87266, 401.216275, 389.961759 ] }, { "date": "2025-08-22", "close": 426.164795, "volume": 46008487, "typical_volume": 95263793.35, "trend": 381.915832, "fair_value": 303.820055, "relative_strength": 4.71499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.998646, "energy": 59.466359, "activity_lines": [ 418.633854, 415.89897, 404.919606, 392.959265 ] }, { "date": "2025-08-29", "close": 422.565948, "volume": 57981357, "typical_volume": 90896604.45, "trend": 383.601816, "fair_value": 304.943434, "relative_strength": 5.170264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.989729, "energy": 52.262794, "activity_lines": [ 419.606881, 417.760197, 407.868952, 395.581853 ] }, { "date": "2025-09-05", "close": 440.860168, "volume": 48051164, "typical_volume": 88187251.05, "trend": 385.394562, "fair_value": 306.234007, "relative_strength": 9.325373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.795615, "energy": 64.589957, "activity_lines": [ 427.064526, 422.571403, 412.107967, 399.275941 ] }, { "date": "2025-09-12", "close": 438.760803, "volume": 59313066, "typical_volume": 85182913.3, "trend": 386.807506, "fair_value": 307.564886, "relative_strength": 7.771447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.897634, "energy": 76.724024, "activity_lines": [ 432.689406, 426.272045, 415.735311, 402.718924 ] }, { "date": "2025-09-19", "close": 434.662079, "volume": 72608407, "typical_volume": 81771868.25, "trend": 388.833397, "fair_value": 308.941815, "relative_strength": 7.393232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.545275, "energy": 69.123081, "activity_lines": [ 434.815387, 428.620385, 418.586271, 405.806316 ] }, { "date": "2025-09-26", "close": 441.26001, "volume": 50314332, "typical_volume": 80399340.1, "trend": 390.876002, "fair_value": 310.446804, "relative_strength": 8.02481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.930449, "energy": 73.783019, "activity_lines": [ 437.701137, 431.555817, 421.761439, 409.188678 ] }, { "date": "2025-10-03", "close": 448.557739, "volume": 104421018, "typical_volume": 79625374.35, "trend": 393.165196, "fair_value": 312.037616, "relative_strength": 7.255823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.069036, "energy": 62.715986, "activity_lines": [ 442.013116, 435.360072, 425.32793, 412.91008 ] }, { "date": "2025-10-10", "close": 446.406281, "volume": 65225293, "typical_volume": 76962509.05, "trend": 396.745225, "fair_value": 313.605425, "relative_strength": 7.27185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.691818, "energy": 56.555743, "activity_lines": [ 443.875157, 438.405996, 428.281078, 416.344989 ] }, { "date": "2025-10-17", "close": 442.007233, "volume": 90635795, "typical_volume": 76733700.9, "trend": 400.631692, "fair_value": 315.099584, "relative_strength": 6.856795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.033777, "energy": 52.616074, "activity_lines": [ 443.901107, 440.242262, 430.506568, 419.265118 ] }, { "date": "2025-10-24", "close": 455.304413, "volume": 109873936, "typical_volume": 77843258.6, "trend": 404.738195, "fair_value": 316.656576, "relative_strength": 6.544099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.260371, "energy": 56.500363, "activity_lines": [ 448.143022, 443.855537, 433.740693, 422.792391 ] }, { "date": "2025-10-31", "close": 459.303589, "volume": 51087655, "typical_volume": 76053670.1, "trend": 408.721483, "fair_value": 318.171986, "relative_strength": 6.468118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.877373, "energy": 56.253691, "activity_lines": [ 452.34184, 447.428017, 437.046985, 426.312739 ] }, { "date": "2025-11-07", "close": 474.200439, "volume": 87776705, "typical_volume": 75365824.55, "trend": 413.611099, "fair_value": 319.750881, "relative_strength": 10.018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.303353, "energy": 62.30747, "activity_lines": [ 460.303369, 453.106492, 441.480455, 430.537187 ] }, { "date": "2025-11-14", "close": 438.307983, "volume": 55745911, "typical_volume": 73258869.45, "trend": 416.408147, "fair_value": 321.079851, "relative_strength": 1.422186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.251125, "energy": 45.511958, "activity_lines": [ 454.591233, 451.320257, 442.151176, 432.130535 ] }, { "date": "2025-11-21", "close": 452.405029, "volume": 78327965, "typical_volume": 72904514.7, "trend": 419.56516, "fair_value": 322.475501, "relative_strength": 6.211411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.888216, "energy": 40.493437, "activity_lines": [ 454.117999, 452.143525, 443.985735, 434.452914 ] }, { "date": "2025-11-28", "close": 450.205475, "volume": 113924415, "typical_volume": 75598929.1, "trend": 422.212438, "fair_value": 323.898661, "relative_strength": 3.634116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.665276, "energy": 30.513636, "activity_lines": [ 452.218394, 452.318797, 445.386842, 436.429709 ] }, { "date": "2025-12-05", "close": 452.904938, "volume": 78504567, "typical_volume": 76974834.5, "trend": 424.726492, "fair_value": 325.342967, "relative_strength": 4.710078, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.758285, "energy": 21.866732, "activity_lines": [ 451.558539, 452.702273, 446.8106, 438.40987 ] }, { "date": "2025-12-12", "close": 440.707489, "volume": 59992281, "typical_volume": 74748209.7, "trend": 427.323912, "fair_value": 326.744933, "relative_strength": 2.041463, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.342815, "energy": 18.765796, "activity_lines": [ 447.259444, 450.656305, 446.897283, 439.440902 ] }, { "date": "2025-12-19", "close": 442.007233, "volume": 93092327, "typical_volume": 76369258.8, "trend": 429.338188, "fair_value": 328.127063, "relative_strength": -0.198874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.046551, "energy": 15.664784, "activity_lines": [ 445.626461, 448.989386, 447.048973, 440.388213 ] }, { "date": "2025-12-26", "close": 437.908081, "volume": 17522975, "typical_volume": 70221127.85, "trend": 431.005892, "fair_value": 329.498921, "relative_strength": -0.830149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.108878, "energy": 10.911556, "activity_lines": [ 442.380477, 446.657149, 446.723878, 440.941109 ] }, { "date": "2026-01-02", "close": 442.107208, "volume": 27325087, "typical_volume": 68386637.15, "trend": 432.726928, "fair_value": 330.787589, "relative_strength": -0.653276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.344454, "energy": 13.428071, "activity_lines": [ 441.500665, 445.162921, 446.650428, 441.657323 ] }, { "date": "2026-01-09", "close": 415.312805, "volume": 97131824, "typical_volume": 70942804.0, "trend": 433.301564, "fair_value": 331.87761, "relative_strength": -8.172372, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.808204, "energy": 27.289354, "activity_lines": [ 432.22927, 439.036931, 443.886852, 440.533832 ] }, { "date": "2026-01-16", "close": 421.911438, "volume": 66577282, "typical_volume": 71372600.25, "trend": 433.969527, "fair_value": 332.995207, "relative_strength": -7.657844, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.499354, "energy": 37.926508, "activity_lines": [ 427.663562, 434.910526, 441.803394, 439.798985 ] }, { "date": "2026-01-23", "close": 413.113281, "volume": 73473027, "typical_volume": 72643693.4, "trend": 434.380875, "fair_value": 334.062807, "relative_strength": -8.701775, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.986729, "energy": 51.260847, "activity_lines": [ 421.418205, 430.135165, 438.885133, 438.453421 ] }, { "date": "2026-01-30", "close": 425.110779, "volume": 54045098, "typical_volume": 72380295.0, "trend": 435.038854, "fair_value": 335.210515, "relative_strength": -6.733995, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.808263, "energy": 51.621192, "activity_lines": [ 421.098277, 427.999252, 437.241619, 437.85535 ] }, { "date": "2026-02-06", "close": 452.005127, "volume": 86146715, "typical_volume": 73057210.4, "trend": 436.739931, "fair_value": 336.552388, "relative_strength": -2.194658, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.520584, "energy": 12.221677, "activity_lines": [ 430.596285, 431.24948, 438.224471, 438.949948 ] }, { "date": "2026-02-13", "close": 488.597443, "volume": 101547177, "typical_volume": 75618852.65, "trend": 439.157579, "fair_value": 338.078254, "relative_strength": 4.885468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.960458, "energy": 38.090329, "activity_lines": [ 451.631871, 441.120136, 442.60972, 442.295594 ] }, { "date": "2026-02-20", "close": 494.496216, "volume": 61501026, "typical_volume": 73472853.05, "trend": 441.361981, "fair_value": 339.66754, "relative_strength": 3.624594, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.94176, "energy": 73.251476, "activity_lines": [ 469.748071, 451.414341, 447.331341, 445.865829 ] }, { "date": "2026-02-27", "close": 480.499146, "volume": 111346362, "typical_volume": 75778906.5, "trend": 443.249769, "fair_value": 341.106925, "relative_strength": -1.411573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.745762, "energy": 74.327547, "activity_lines": [ 478.359597, 458.185647, 450.501153, 448.390807 ] }, { "date": "2026-03-06", "close": 466.4021, "volume": 132717956, "typical_volume": 77883014.55, "trend": 445.237475, "fair_value": 342.434819, "relative_strength": 1.449691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.13158, "energy": 74.295224, "activity_lines": [ 477.779716, 461.694001, 452.166041, 449.884506 ] }, { "date": "2026-03-13", "close": 488.797394, "volume": 79301356, "typical_volume": 76354385.55, "trend": 447.761755, "fair_value": 343.987574, "relative_strength": 6.183473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.107273, "energy": 74.687872, "activity_lines": [ 481.912179, 468.756154, 455.847649, 452.694823 ] }, { "date": "2026-03-20", "close": 468.801575, "volume": 82658053, "typical_volume": 77932905.45, "trend": 449.182981, "fair_value": 345.387184, "relative_strength": 4.927295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.96392, "energy": 41.31866, "activity_lines": [ 476.926551, 471.33379, 457.465403, 454.052231 ] }, { "date": "2026-03-27", "close": 459.50354, "volume": 60664681, "typical_volume": 76577304.25, "trend": 450.414234, "fair_value": 346.631806, "relative_strength": 2.002272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.383471, "energy": 26.147272, "activity_lines": [ 470.161302, 471.248352, 458.152401, 454.718073 ] }, { "date": "2026-04-03", "close": 486.897797, "volume": 77094233, "typical_volume": 77644720.35, "trend": 451.948822, "fair_value": 348.062276, "relative_strength": 3.031295, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.70014, "energy": 32.433493, "activity_lines": [ 474.860317, 475.460195, 461.518362, 457.071852 ] }, { "date": "2026-04-10", "close": 485.947968, "volume": 81524834, "typical_volume": 77804563.8, "trend": 453.521728, "fair_value": 349.46041, "relative_strength": 1.034993, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.005079, "energy": 34.636397, "activity_lines": [ 478.816146, 478.157806, 464.562482, 459.265345 ] }, { "date": "2026-04-17", "close": 485.098175, "volume": 81257052, "typical_volume": 76171195.65, "trend": 455.202931, "fair_value": 350.7846, "relative_strength": 0.111454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.832257, "energy": 36.28661, "activity_lines": [ 481.185653, 479.594777, 467.365941, 461.302535 ] }, { "date": "2026-04-24", "close": 490.696991, "volume": 79744725, "typical_volume": 76233203.55, "trend": 456.85083, "fair_value": 352.130595, "relative_strength": 3.871882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.998246, "energy": 51.373015, "activity_lines": [ 485.668046, 481.448024, 470.536466, 463.592474 ] }, { "date": "2026-05-01", "close": 480.649109, "volume": 56857839, "typical_volume": 76076481.45, "trend": 457.920543, "fair_value": 353.400019, "relative_strength": 1.754652, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.92396, "energy": 40.592601, "activity_lines": [ 485.341451, 481.436209, 472.570087, 465.127847 ] }, { "date": "2026-05-08", "close": 466.85202, "volume": 80268690, "typical_volume": 75435299.6, "trend": 458.602067, "fair_value": 354.627283, "relative_strength": 0.033917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.13878, "energy": 23.989459, "activity_lines": [ 479.006122, 479.167598, 473.099501, 465.704072 ] }, { "date": "2026-05-15", "close": 448.799988, "volume": 114401742, "typical_volume": 80279237.95, "trend": 458.828492, "fair_value": 355.796459, "relative_strength": -3.569908, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.667045, "energy": 11.886723, "activity_lines": [ 467.989834, 473.864929, 471.791365, 465.071679 ] }, { "date": "2026-05-22", "close": 462.799988, "volume": 128244586, "typical_volume": 85325212.9, "trend": 459.078345, "fair_value": 357.073947, "relative_strength": -3.153918, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.984798, "energy": 15.561628, "activity_lines": [ 464.116744, 471.427753, 471.764697, 465.327905 ] }, { "date": "2026-05-29", "close": 430.200012, "volume": 117964927, "typical_volume": 86366868.05, "trend": 458.108226, "fair_value": 358.151425, "relative_strength": -9.37266, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.412876, "energy": 34.173026, "activity_lines": [ 450.863542, 463.535989, 468.534732, 463.464787 ] }, { "date": "2026-06-05", "close": 454.3, "volume": 13162965, "typical_volume": 83696152.2, "trend": 457.444878, "fair_value": 359.386593, "relative_strength": -3.900585, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.090801, "energy": 35.643929, "activity_lines": [ 449.676801, 460.727888, 467.529113, 463.219095 ] }, { "date": "2026-06-12", "close": 473.0, "volume": 13283065, "typical_volume": 80686654.1, "trend": 458.601278, "fair_value": 360.735229, "relative_strength": -0.942838, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.158122, "energy": 20.223107, "activity_lines": [ 456.48, 461.414396, 468.150214, 464.222651 ] }, { "date": "2026-06-19", "close": 440.8, "volume": 39594127, "typical_volume": 79964105.55, "trend": 458.214444, "fair_value": 361.967741, "relative_strength": -6.592069, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.730714, "energy": 34.027982, "activity_lines": [ 452.140001, 456.499046, 465.419475, 463.074182 ] }, { "date": "2026-06-26", "close": 459.9, "volume": 20612472, "typical_volume": 76687393.4, "trend": 458.537595, "fair_value": 363.32525, "relative_strength": -3.814319, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.817982, "energy": 9.500723, "activity_lines": [ 454.700001, 455.877295, 464.433072, 463.182927 ] }, { "date": "2026-07-03", "close": 466.6, "volume": 12758364, "typical_volume": 72247952.75, "trend": 458.994097, "fair_value": 364.738514, "relative_strength": -3.884197, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.957773, "energy": 6.529279, "activity_lines": [ 459.686667, 456.931875, 464.04717, 463.703082 ] }, { "date": "2026-07-10", "close": 471.8, "volume": 52381994, "typical_volume": 71792001.15, "trend": 460.030514, "fair_value": 366.16206, "relative_strength": -1.134942, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.240905, "energy": 5.431247, "activity_lines": [ 463.98, 459.370037, 464.261255, 464.52927 ] }, { "date": "2026-07-17", "close": 484.7, "volume": 60525870, "typical_volume": 69250976.55, "trend": 461.453606, "fair_value": 367.602985, "relative_strength": 0.603596, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.162933, "energy": 26.684333, "activity_lines": [ 471.406667, 464.314545, 465.811989, 466.120849 ] }, { "date": "2026-07-24", "close": 480.3, "volume": 43018510, "typical_volume": 64766004.25, "trend": 462.86667, "fair_value": 369.008021, "relative_strength": -1.47759, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.962508, "energy": 33.056239, "activity_lines": [ 476.586667, 468.134546, 466.923672, 467.336746 ] }, { "date": "2026-07-31", "close": 489.5, "volume": 76684569, "typical_volume": 64635164.9, "trend": 464.44643, "fair_value": 370.541826, "relative_strength": -0.737573, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.306068, "energy": 48.870774, "activity_lines": [ 482.2, 473.054546, 468.845365, 469.055025 ] }, { "date": "2026-08-07", "close": 475.1, "volume": 59838490, "typical_volume": 63494186.75, "trend": 466.439336, "fair_value": 371.978842, "relative_strength": -3.902934, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.064137, "energy": 44.660221, "activity_lines": [ 481.04, 474.870909, 469.392283, 469.742352 ] } ], "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." } } }