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The completed evidence supports the upward price structure.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Acceleration, deceleration and rollover, Strength versus the research benchmark, Activity pressure and cumulative balance, Range pressure and compression, Drawdown and recovery pressure."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":13.1,"averageExpectedMove":13.1,"averageWeeksToLargestMove":9.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-4.8,"medianReturn":-4.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-7.9,"medianReturn":-7.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-27.5,"medianReturn":-27.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.9,"sample":1},{"week":2,"averageReturn":-3.0,"sample":1},{"week":3,"averageReturn":-1.9,"sample":1},{"week":4,"averageReturn":-4.8,"sample":1},{"week":5,"averageReturn":-10.2,"sample":1},{"week":6,"averageReturn":-12.6,"sample":1},{"week":7,"averageReturn":-12.6,"sample":1},{"week":8,"averageReturn":-7.8,"sample":1},{"week":9,"averageReturn":-13.1,"sample":1},{"week":10,"averageReturn":-7.9,"sample":1},{"week":11,"averageReturn":-7.9,"sample":1},{"week":12,"averageReturn":-7.9,"sample":1},{"week":13,"averageReturn":-11.5,"sample":1},{"week":14,"averageReturn":-7.9,"sample":1},{"week":15,"averageReturn":-10.1,"sample":1},{"week":16,"averageReturn":-7.9,"sample":1},{"week":17,"averageReturn":-10.7,"sample":1},{"week":18,"averageReturn":-12.5,"sample":1},{"week":19,"averageReturn":-10.7,"sample":1},{"week":20,"averageReturn":-17.3,"sample":1},{"week":21,"averageReturn":-18.3,"sample":1},{"week":22,"averageReturn":-18.3,"sample":1},{"week":23,"averageReturn":-16.1,"sample":1},{"week":24,"averageReturn":-17.8,"sample":1},{"week":25,"averageReturn":-19.0,"sample":1},{"week":26,"averageReturn":-27.5,"sample":1}]},"currentApplication":{"status":"Evidence aligned","tone":"positive","headline":"Price and Market Dynamics remain aligned upward","use":"The advance retains underlying support while price structure and Market Dynamics remain intact.","confirm":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"A recent green marker confirmed a recovery from accumulation conditions. Price is now being tested for durable follow-through away from the zone.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":57.1,"averageReturn":4.3,"sample":21},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","finding":"In this ticker's completed record, 57.1% of comparable cases moved higher after 12 weeks, with an average move of 4.3% across 21 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 50.0% of completed 12-week outcomes were lower across 2 cases. Distinct visits lasted 3.0 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 7.7% across 25 completed cases, with the largest move arriving after 5.7 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-07-31","price":610.0}],"distribution_rollovers":[{"date":"2024-11-15","price":749.015015}],"price_pressure_gaps":[{"date":"2024-10-11","price":833.903381}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[739.0281,749.015,739.0281,759.0019,729.0413,778.9756,753.0098,833.9034,792.9572,808.9362,817.9244,793.9559,749.015,729.0413,729.0413,768.9888,724.2914,768.2485,768.2485,768.2485,738.2778,768.2485,749.2671,768.2485,744.2719,729.2866,744.2719,689.3257,681.3335,681.3335,699.3159,685.3296,675.3394,604.4088,662.3521,629.3843,662.3521,662.3521,649.3647,661.3531,698.3169,699.3159,676.3384,669.7011,679.6967,649.71,653.7083,620.723,633.7172,634.7167,619.7234,624.7212,629.719,677.6976,642.7132,635.7163,688.6926,743.6681,669.7011,717.6797,724.6766,719.6788,650.7096,691.6913,698.6882,687.6931,689.6922,619.7234,614.7256,612.0,627.0,600.0,635.0,586.0,630.0,620.0,601.0,645.0,630.0,620.0,601.0,600.0,575.0,570.0,555.0,589.6382,571.6492,585.6406,699.5707,599.632,600.6314,633.6112,609.6259,6.092,6.49,6.49,6.2,6.0,576.0,600.0,650.0,610.0,650.0,650.0],"consensus":[-10.1198,0.0,0.0,8.6101,-23.8347,39.6124,-10.1719,61.3993,0.0,23.5229,32.3953,-8.0265,-19.6806,-35.2359,-19.9866,25.7314,-47.9521,39.1606,0.0,9.7204,-29.0464,19.56,-18.615,22.4531,-8.4904,-41.3934,12.2812,-62.5898,-44.0705,-33.0696,0.0,-31.5922,-38.4502,-76.5786,9.6881,-44.4278,9.511,8.1532,-34.7686,22.1516,46.6515,29.3886,-25.7313,-13.7909,0.0,-52.8266,-17.7171,-60.2165,0.0,-19.9534,-37.5139,0.0,0.0,54.3784,-21.4108,-16.2377,56.2289,71.6925,-20.0689,56.5782,29.0368,17.0194,-42.6707,0.0,14.2032,0.0,19.5449,-64.2394,-43.684,-43.5268,0.0,-50.6593,25.0934,-46.0853,25.9718,0.0,-39.8339,47.5039,0.0,-8.0099,-35.9502,-30.7521,-45.3367,-44.0749,-49.1741,22.2023,-23.2826,15.1629,70.9464,-17.9452,0.0,32.0165,-15.6099,-61.6965,-46.6235,-47.1503,-58.878,-37.1579,38.4853,56.7325,62.7063,41.0001,60.2191,46.2908],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[0.0,52.3526,-37.2329,-23.2029,63.2281,74.7584,-25.1384,56.9744,25.9673,27.6141,-51.5589,0.0,20.9246,0.0,16.6035,-62.335,-46.6312,-47.1609,0.0,-59.0671,20.7869,-40.971,24.7053,0.0,-37.4239,42.4287,0.0,-8.3131,-43.4156,-34.7696,-44.6932,-47.2209,-46.9228,23.5531,-21.3617,22.4662,80.5917,-20.4644,0.0,32.8781,-8.7975,-61.9778,-39.3754,-38.9682,-60.5916,-38.0217,32.0669,63.9779,72.3771,45.6909,68.0572,53.912],"force":[0.0,77.757,-36.4423,-24.5534,59.7815,83.0013,-64.5973,65.608,13.1278,1.0693,-54.9943,0.0,20.3823,0.0,28.5657,-91.9374,-31.7707,-31.3551,0.0,-52.7404,71.4831,-63.277,72.0906,0.0,-55.6318,87.4655,0.0,-9.3713,-50.2578,-22.39,-49.0595,-40.0435,-56.2853,70.8821,-32.1499,25.5291,72.1907,-40.5085,0.0,34.4106,-25.2498,-40.8797,-10.3051,-10.44,-22.2238,-0.1002,28.8016,41.186,42.6416,0.0846,46.0457,16.9415],"direction":[0.0,39.9946,-7.4085,-2.3377,45.6924,60.1109,-17.5308,49.6755,43.9083,17.8317,-23.7101,0.0,2.1081,0.0,16.4631,-46.6315,-48.8251,-48.0677,0.0,-39.5638,3.1203,-39.6504,5.5226,0.0,-31.3039,24.7602,0.0,-6.691,-17.1985,-32.1337,-43.413,-43.3589,-46.6677,14.1128,-19.144,0.5881,59.0344,-1.0506,0.0,29.3218,-16.5097,-76.2441,-80.8486,-82.7231,-83.1012,-62.6404,52.7374,59.5567,65.9858,64.9854,61.3851,58.5447],"intensity":[5.7692,78.8462,50.0,26.9231,80.7692,86.5385,94.2308,75.0,55.7692,30.7692,92.3077,57.6923,40.3846,69.2308,5.7692,96.1538,57.6923,11.5385,26.9231,38.4615,53.8462,82.6923,75.0,23.0769,25.0,67.3077,17.3077,15.3846,26.9231,13.4615,42.3077,65.3846,30.7692,55.7692,88.4615,94.2308,100.0,98.0769,40.3846,46.1538,32.6923,100.0,1.9231,1.9231,3.8462,7.6923,98.0769,36.5385,78.8462,59.6154,61.5385,36.5385],"confirmation":[27.6344,86.1445,53.9823,50.6767,85.9949,91.2395,34.1084,86.3742,76.8537,50.295,81.8948,24.694,49.9643,2.9191,74.5741,89.4297,81.5709,81.5023,30.2238,84.1463,55.5083,83.3492,56.2473,24.5239,81.265,84.4965,0.6644,47.9334,79.8263,77.5246,82.631,81.9332,83.9868,34.2451,75.7499,50.5156,90.5938,51.9492,49.4376,78.3051,73.3928,87.1042,81.9231,82.094,85.6978,56.0813,80.118,85.5702,87.3072,57.1478,86.7187,89.8025],"persistence":[62.5,37.5,37.5,37.5,25.0,0.0,0.0,12.5,25.0,25.0,25.0,37.5,37.5,25.0,50.0,25.0,0.0,25.0,12.5,25.0,25.0,37.5,37.5,25.0,25.0,0.0,0.0,0.0,25.0,25.0,50.0,62.5,62.5,62.5,75.0,50.0,25.0,25.0,12.5,12.5,12.5,12.5,12.5,37.5,62.5,62.5,50.0,50.0,25.0,0.0,25.0,50.0],"assessmentRisk":[12.2609,21.3646,49.5246,31.6205,20.7949,12.9752,42.0885,20.4466,23.5576,37.5675,0.1252,29.5131,34.4253,31.3456,27.3857,14.2183,26.0042,25.7854,44.4391,1.1898,15.5169,9.424,8.8992,30.482,20.9014,23.6626,0.0114,4.005,17.9751,31.1129,25.4288,25.4214,22.2688,29.5236,4.6661,24.4299,14.484,19.5424,32.2879,23.0905,40.2218,19.0686,26.6056,26.3682,20.4856,18.5516,29.9877,21.0052,18.2335,28.9446,14.6519,12.5127],"volumeParticipation":true,"latest":{"consensus":46.3,"control":53.9,"force":16.9,"direction":58.5,"confirmation":89.8,"persistence":50.0,"assessmentRisk":12.5,"intensity":36.5,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+46.3","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+53.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+16.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+58.5","detail":"Upward 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