{ "ticker": { "uuid": "c346bb29-30c8-4c49-9633-7266d68ba5d3", "symbol": "2084", "name": "Miahona Company Limited", "exchange": "SAU", "country": "SA", "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": "^TASI.SR", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -84.31, "architecture_energy": 93.85, "architecture_maturity": 83.073, "architecture_confidence": 78.316, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 1.73, "rotation_up": 8.13, "upward_expansion": 21.99, "deceleration": 37.0, "rotation_down": 87.59, "downward_expansion": 99.99 }, "activity_lines": [ 12.724667, 13.573544, 14.401961, 14.861775 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 12.22, "trend_reference": 15.535545, "distance_from_trend": -0.213417, "trend_direction": "Weakening", "fair_value": 23.055925, "distance_from_fair_value": -0.469984, "fair_value_direction": "Weakening", "relative_strength": -32.662326, "relative_strength_direction": "Weakening", "price_momentum": -0.28033, "excess_performance": -0.2485, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.213417, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.109511, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.469984, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.13255, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.326623, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.086605, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.28033, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.678913, "read": "Supply-led" } ], "volume": { "latest": 4146550, "relative_activity": 1.578085, "balance": 0.678913, "dry_up": 1.066756, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.063737, "annualized_volatility": 0.279638, "from_high_reference": -0.545048, "from_low_reference": 0.00742 }, "levels": { "trend_reference": 15.535545, "fair_value_reference": 23.055925, "structural_low": 12.13, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.048902, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.056026, "regime_survival": 1.0, "best_return": 0.134395, "worst_return": -0.155494, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.108025, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.127744, "regime_survival": 1.0, "best_return": -0.04586, "worst_return": -0.17019, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.208245, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.246924, "regime_survival": 1.0, "best_return": -0.208245, "worst_return": -0.208245, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-08-07", "tenure": "Extended", "return": -0.354123, "active": true } ], "chart_path": [ { "date": "2024-06-14", "close": 21.47171, "volume": 98644549, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 26.142506, "volume": 52112586, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 27.536772, "volume": 29146669, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 33.512203, "volume": 40181463, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 43.570843, "volume": 89793394, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 36.101555, "volume": 52530401, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 37.943977, "volume": 42334970, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 33.910564, "volume": 35588041, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 35.454216, "volume": 21323014, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 34.856674, "volume": 18224588, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 30.873055, "volume": 23382989, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 30.92285, "volume": 29774313, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 29.478788, "volume": 21112562, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 29.478788, "volume": 16792998, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 30.17592, "volume": 15136580, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 28.632269, "volume": 11441290, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 26.391481, "volume": 14835871, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 26.192301, "volume": 9632131, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 25.744144, "volume": 6944969, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 27.287796, "volume": 23149726, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 29.13022, "volume": 13542947, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 29.578379, "volume": 21059770, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 28.980835, "volume": 11399632, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 28.034725, "volume": 8126012, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 27.88534, "volume": 5322999, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 27.835545, "volume": 7341617, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 26.939228, "volume": 3421712, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 26.740049, "volume": 3067632, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 27.486979, "volume": 5445193, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 28.333498, "volume": 3828500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 28.134315, "volume": 5819853, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 27.437181, "volume": 7863602, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 27.486979, "volume": 2043986, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 27.03882, "volume": 2505745, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 26.740049, "volume": 4273759, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 25.04701, "volume": 2229970, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 24.857788, "volume": 4821890, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 21.810318, "volume": 3243509, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 21.889992, "volume": 5058628, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 20.814413, "volume": 2758230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 21.093267, "volume": 2208997, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 20.376215, "volume": 664496, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 19.619329, "volume": 5050223, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 22.905815, "volume": 13027310, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 23.005405, "volume": 6997197, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 22.607044, "volume": 6287118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 21.889992, "volume": 2143647, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 24.758198, "volume": 10226584, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 25.495169, "volume": 10785324, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 23.563112, "volume": 6231053, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 22.885897, "volume": 2736787, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 22.905815, "volume": 4034779, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 21.431875, "volume": 7474918, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 24.32, "volume": 7693078, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 26.0, "volume": 10566481, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 26.48, "volume": 12526064, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 26.200001, "volume": 11256122, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 27.0, "volume": 12632619, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 27.1, "volume": 8122953, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 26.84, "volume": 11358425, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 25.379999, "volume": 5162849, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 25.459999, "volume": 3166206, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 25.4, "volume": 4070665, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 24.280001, "volume": 2637736, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 22.93, "volume": 2299912, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 23.780001, "volume": 2334231, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 24.4, "volume": 1955677, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 24.66, "volume": 3974534, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 24.860001, "volume": 8108680, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 24.52, "volume": 2347194, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 23.9, "volume": 2133175, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 23.4, "volume": 1795390, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 22.379999, "volume": 1207459, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 21.799999, "volume": 1347293, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 20.700001, "volume": 1331707, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 20.16, "volume": 18742756, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 19.309999, "volume": 1692370, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 19.700001, "volume": 1829094, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 19.190001, "volume": 1049794, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 18.92, "volume": 1528119, "typical_volume": 3435742.05, "trend": 23.54312, "fair_value": 25.99359, "relative_strength": -14.251249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.993749, "energy": 89.526932, "activity_lines": [ 19.282667, 20.076, 21.632143, 22.6342 ] }, { "date": "2026-01-02", "close": 18.9, "volume": 2166061, "typical_volume": 3285902.65, "trend": 23.410256, "fair_value": 25.906015, "relative_strength": -14.150881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.715989, "energy": 73.09864, "activity_lines": [ 19.097334, 19.704, 21.264857, 22.334644 ] }, { "date": "2026-01-09", "close": 17.809999, "volume": 1605463, "typical_volume": 3207865.5, "trend": 23.240396, "fair_value": 25.807283, "relative_strength": -18.031534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.338413, "energy": 74.031877, "activity_lines": [ 18.632667, 19.224727, 20.824619, 21.973337 ] }, { "date": "2026-01-16", "close": 17.92, "volume": 1411377, "typical_volume": 3074901.1, "trend": 23.123333, "fair_value": 25.712256, "relative_strength": -19.680276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.421416, "energy": 69.380432, "activity_lines": [ 18.304666, 18.867091, 20.431286, 21.630086 ] }, { "date": "2026-01-23", "close": 18.190001, "volume": 1233387, "typical_volume": 3004683.65, "trend": 22.919, "fair_value": 25.622705, "relative_strength": -20.342606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.225815, "energy": 65.844372, "activity_lines": [ 18.185333, 18.639637, 20.099286, 21.311807 ] }, { "date": "2026-01-30", "close": 18.18, "volume": 2212340, "typical_volume": 3000305.05, "trend": 22.658333, "fair_value": 25.535144, "relative_strength": -21.671671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.486979, "energy": 64.584759, "activity_lines": [ 18.129333, 18.476, 19.795333, 21.006065 ] }, { "date": "2026-02-06", "close": 16.98, "volume": 2650399, "typical_volume": 3016113.45, "trend": 22.341667, "fair_value": 25.435665, "relative_strength": -25.113593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.661127, "energy": 69.115739, "activity_lines": [ 17.722667, 18.14, 19.399714, 20.63972 ] }, { "date": "2026-02-13", "close": 17.01, "volume": 1375151, "typical_volume": 2987087.15, "trend": 22.035333, "fair_value": 25.338819, "relative_strength": -24.940787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.212573, "energy": 66.918701, "activity_lines": [ 17.454, 17.867273, 19.039333, 20.295742 ] }, { "date": "2026-02-20", "close": 15.5, "volume": 1571654, "typical_volume": 2866943.15, "trend": 21.652, "fair_value": 25.227014, "relative_strength": -29.291958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.462855, "energy": 72.683187, "activity_lines": [ 16.735333, 17.361818, 18.570333, 19.874108 ] }, { "date": "2026-02-27", "close": 15.61, "volume": 1495619, "typical_volume": 2536290.1, "trend": 21.269, "fair_value": 25.118957, "relative_strength": -26.788045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.139369, "energy": 86.882241, "activity_lines": [ 16.214667, 16.952727, 18.155429, 19.484301 ] }, { "date": "2026-03-06", "close": 14.76, "volume": 2210714, "typical_volume": 2529466.1, "trend": 20.866333, "fair_value": 25.003858, "relative_strength": -30.888435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.124228, "energy": 90.516242, "activity_lines": [ 15.582667, 16.454182, 17.703619, 19.064366 ] }, { "date": "2026-03-13", "close": 15.01, "volume": 2768355, "typical_volume": 2561225.1, "trend": 20.520667, "fair_value": 24.894035, "relative_strength": -30.140977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.969502, "energy": 87.907871, "activity_lines": [ 15.262, 16.076727, 17.322095, 18.686538 ] }, { "date": "2026-03-20", "close": 15.2, "volume": 1129704, "typical_volume": 2527940.8, "trend": 20.178667, "fair_value": 24.788665, "relative_strength": -29.336462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.818786, "energy": 79.033781, "activity_lines": [ 15.136, 15.804545, 17.001, 18.343269 ] }, { "date": "2026-03-27", "close": 15.7, "volume": 1641769, "typical_volume": 2549656.3, "trend": 19.855333, "fair_value": 24.690938, "relative_strength": -27.720755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.6891, "energy": 65.1466, "activity_lines": [ 15.297333, 15.670727, 16.766571, 18.054323 ] }, { "date": "2026-04-03", "close": 16.84, "volume": 6927353, "typical_volume": 2828659.3, "trend": 19.607333, "fair_value": 24.607417, "relative_strength": -23.532018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.297614, "energy": 49.132797, "activity_lines": [ 15.825333, 15.784545, 16.672524, 17.859785 ] }, { "date": "2026-04-10", "close": 17.5, "volume": 4365688, "typical_volume": 2980358.35, "trend": 19.426333, "fair_value": 24.532602, "relative_strength": -20.932279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.901324, "energy": 30.321481, "activity_lines": [ 16.491333, 16.042909, 16.664952, 17.723828 ] }, { "date": "2026-04-17", "close": 17.242809, "volume": 3000059, "typical_volume": 2193223.5, "trend": 19.208427, "fair_value": 24.456667, "relative_strength": -23.145535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.602086, "energy": 29.150657, "activity_lines": [ 16.888936, 16.266874, 16.648125, 17.582955 ] }, { "date": "2026-04-24", "close": 16.034527, "volume": 2033061, "typical_volume": 2210258.05, "trend": 18.929578, "fair_value": 24.369841, "relative_strength": -25.292146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.219697, "energy": 28.175892, "activity_lines": [ 16.734925, 16.266374, 16.530114, 17.378188 ] }, { "date": "2026-05-01", "close": 15.955295, "volume": 1775975, "typical_volume": 2207602.1, "trend": 18.639421, "fair_value": 24.283978, "relative_strength": -25.786874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.855127, "energy": 23.413341, "activity_lines": [ 16.498867, 16.269203, 16.420155, 17.186298 ] }, { "date": "2026-05-08", "close": 16.034527, "volume": 2375154, "typical_volume": 2273870.1, "trend": 18.345239, "fair_value": 24.20065, "relative_strength": -24.001847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.877219, "energy": 32.254765, "activity_lines": [ 16.272201, 16.27816, 16.335573, 17.018241 ] }, { "date": "2026-05-15", "close": 15.133265, "volume": 3273678, "typical_volume": 2361148.05, "trend": 18.032347, "fair_value": 24.109976, "relative_strength": -27.471103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.866227, "energy": 47.382356, "activity_lines": [ 15.798812, 16.115533, 16.180183, 16.811017 ] }, { "date": "2026-05-22", "close": 14.855954, "volume": 1828784, "typical_volume": 2344284.2, "trend": 17.730879, "fair_value": 24.018352, "relative_strength": -28.330881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.373091, "energy": 64.797841, "activity_lines": [ 15.390769, 15.895698, 16.016415, 16.606088 ] }, { "date": "2026-05-29", "close": 14.855954, "volume": 0, "typical_volume": 2264011.05, "trend": 17.446078, "fair_value": 23.928525, "relative_strength": -27.741842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.137162, "energy": 72.446872, "activity_lines": [ 15.141849, 15.678665, 15.871904, 16.420609 ] }, { "date": "2026-06-05", "close": 15.143168, "volume": 2036491, "typical_volume": 2295266.75, "trend": 17.20485, "fair_value": 23.84323, "relative_strength": -25.55738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.397515, "energy": 72.366595, "activity_lines": [ 15.067238, 15.520108, 15.768814, 16.272034 ] }, { "date": "2026-06-12", "close": 15.380864, "volume": 4016856, "typical_volume": 2434440.2, "trend": 16.990879, "fair_value": 23.761861, "relative_strength": -24.174807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.803988, "energy": 56.578573, "activity_lines": [ 15.126002, 15.414892, 15.701584, 16.154358 ] }, { "date": "2026-06-19", "close": 15.2, "volume": 2474587, "typical_volume": 2447552.55, "trend": 16.807545, "fair_value": 23.68032, "relative_strength": -25.087337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.971589, "energy": 41.151689, "activity_lines": [ 15.168055, 15.303322, 15.630506, 16.038817 ] }, { "date": "2026-06-26", "close": 14.98, "volume": 1494539, "typical_volume": 2389759.55, "trend": 16.634879, "fair_value": 23.598241, "relative_strength": -24.242295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.659975, "energy": 38.772141, "activity_lines": [ 15.132325, 15.19357, 15.552667, 15.920911 ] }, { "date": "2026-07-03", "close": 15.11, "volume": 2106334, "typical_volume": 2426318.7, "trend": 16.494879, "fair_value": 23.518912, "relative_strength": -22.075425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.232214, "energy": 37.002166, "activity_lines": [ 15.13166, 15.148596, 15.496731, 15.822532 ] }, { "date": "2026-07-10", "close": 14.47, "volume": 1989368, "typical_volume": 2447204.4, "trend": 16.320545, "fair_value": 23.435126, "relative_strength": -24.428838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.766162, "energy": 47.707071, "activity_lines": [ 14.900724, 15.004068, 15.388892, 15.691894 ] }, { "date": "2026-07-17", "close": 14.0, "volume": 1680060, "typical_volume": 2456426.45, "trend": 16.147545, "fair_value": 23.348565, "relative_strength": -25.412353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.586395, "energy": 69.178369, "activity_lines": [ 14.558, 14.801091, 15.241195, 15.542182 ] }, { "date": "2026-07-24", "close": 12.9, "volume": 2867098, "typical_volume": 2489245.65, "trend": 15.946879, "fair_value": 23.253578, "relative_strength": -30.769799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.980653, "energy": 90.132454, "activity_lines": [ 13.940667, 14.435106, 14.996402, 15.332663 ] }, { "date": "2026-07-31", "close": 12.15, "volume": 2518250, "typical_volume": 2476740.4, "trend": 15.721879, "fair_value": 23.153546, "relative_strength": -32.484626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.682222, "energy": 96.557998, "activity_lines": [ 13.226667, 13.973361, 14.689039, 15.087703 ] }, { "date": "2026-08-07", "close": 12.22, "volume": 4146550, "typical_volume": 2627582.7, "trend": 15.535545, "fair_value": 23.055925, "relative_strength": -32.662326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.30978, "energy": 93.849979, "activity_lines": [ 12.724667, 13.573544, 14.401961, 14.861775 ] } ], "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." } } }