{"schema_version":"1.0","name":"0600 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"105e82da-e9b7-4379-9e3c-78701b0989ac","symbol":"0600","name":"Axera Semiconductor Co Ltd","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Technology","industry":"Semiconductors"},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Drawdown and recovery pressure, Range position and boundary pressure, Range pressure and compression, Directional strength and control, Activity pressure and cumulative balance."},{"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":27,"displayedObservations":27,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["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"],"values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[28.200001,28.5,34.0,27.6,26.299999,25.200001,22.219999,20.139999,19.190001,19.700001,21.74,23.139999,21.5,22.719999,21.459999,20.76,18.049999,17.1,16.48,13.99,14.69,14.38,14.21,12.8,12.01,10.81,15.0],"highs":[29.18,35.580002,36.900002,29.48,28.959999,26.1,22.299999,20.379999,21.799999,23.1,24.5,24.24,23.98,25.16,22.0,21.5,20.200001,17.43,17.68,14.19,15.08,14.78,14.48,13.15,12.66,15.37,15.5],"lows":[22.1,27.84,28.1,26.5,23.5,22.9,18.91,17.879999,19.190001,19.200001,20.5,20.4,21.5,21.120001,19.610001,18.4,18.049999,16.040001,15.21,12.45,14.08,13.73,12.41,11.66,9.6,10.68,12.81],"closes":[28.26,33.900002,29.0,28.200001,25.219999,22.9,20.139999,18.99,19.700001,21.700001,23.139999,21.48,22.719999,21.5,20.74,18.4,18.530001,16.15,15.56,12.57,14.82,14.21,12.54,12.0,10.81,14.22,13.8],"hoverRows":[[{"label":"Open","value":"28.2","className":"is-ohlc","compact":true},{"label":"High","value":"29.2","className":"is-ohlc","compact":true},{"label":"Low","value":"22.1","className":"is-ohlc","compact":true},{"label":"Close","value":"28.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.5","className":"is-ohlc","compact":true},{"label":"High","value":"35.6","className":"is-ohlc","compact":true},{"label":"Low","value":"27.8","className":"is-ohlc","compact":true},{"label":"Close","value":"33.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"34.0","className":"is-ohlc","compact":true},{"label":"High","value":"36.9","className":"is-ohlc","compact":true},{"label":"Low","value":"28.1","className":"is-ohlc","compact":true},{"label":"Close","value":"29.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"27.6","className":"is-ohlc","compact":true},{"label":"High","value":"29.5","className":"is-ohlc","compact":true},{"label":"Low","value":"26.5","className":"is-ohlc","compact":true},{"label":"Close","value":"28.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"26.3","className":"is-ohlc","compact":true},{"label":"High","value":"29.0","className":"is-ohlc","compact":true},{"label":"Low","value":"23.5","className":"is-ohlc","compact":true},{"label":"Close","value":"25.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.2","className":"is-ohlc","compact":true},{"label":"High","value":"26.1","className":"is-ohlc","compact":true},{"label":"Low","value":"22.9","className":"is-ohlc","compact":true},{"label":"Close","value":"22.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"22.2","className":"is-ohlc","compact":true},{"label":"High","value":"22.3","className":"is-ohlc","compact":true},{"label":"Low","value":"18.9","className":"is-ohlc","compact":true},{"label":"Close","value":"20.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"20.1","className":"is-ohlc","compact":true},{"label":"High","value":"20.4","className":"is-ohlc","compact":true},{"label":"Low","value":"17.9","className":"is-ohlc","compact":true},{"label":"Close","value":"19.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.2","className":"is-ohlc","compact":true},{"label":"High","value":"21.8","className":"is-ohlc","compact":true},{"label":"Low","value":"19.2","className":"is-ohlc","compact":true},{"label":"Close","value":"19.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.7","className":"is-ohlc","compact":true},{"label":"High","value":"23.1","className":"is-ohlc","compact":true},{"label":"Low","value":"19.2","className":"is-ohlc","compact":true},{"label":"Close","value":"21.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"21.7","className":"is-ohlc","compact":true},{"label":"High","value":"24.5","className":"is-ohlc","compact":true},{"label":"Low","value":"20.5","className":"is-ohlc","compact":true},{"label":"Close","value":"23.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.1","className":"is-ohlc","compact":true},{"label":"High","value":"24.2","className":"is-ohlc","compact":true},{"label":"Low","value":"20.4","className":"is-ohlc","compact":true},{"label":"Close","value":"21.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"21.5","className":"is-ohlc","compact":true},{"label":"High","value":"24.0","className":"is-ohlc","compact":true},{"label":"Low","value":"21.5","className":"is-ohlc","compact":true},{"label":"Close","value":"22.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"22.7","className":"is-ohlc","compact":true},{"label":"High","value":"25.2","className":"is-ohlc","compact":true},{"label":"Low","value":"21.1","className":"is-ohlc","compact":true},{"label":"Close","value":"21.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"21.5","className":"is-ohlc","compact":true},{"label":"High","value":"22.0","className":"is-ohlc","compact":true},{"label":"Low","value":"19.6","className":"is-ohlc","compact":true},{"label":"Close","value":"20.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"20.8","className":"is-ohlc","compact":true},{"label":"High","value":"21.5","className":"is-ohlc","compact":true},{"label":"Low","value":"18.4","className":"is-ohlc","compact":true},{"label":"Close","value":"18.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.0","className":"is-ohlc","compact":true},{"label":"High","value":"20.2","className":"is-ohlc","compact":true},{"label":"Low","value":"18.0","className":"is-ohlc","compact":true},{"label":"Close","value":"18.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.1","className":"is-ohlc","compact":true},{"label":"High","value":"17.4","className":"is-ohlc","compact":true},{"label":"Low","value":"16.0","className":"is-ohlc","compact":true},{"label":"Close","value":"16.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.5","className":"is-ohlc","compact":true},{"label":"High","value":"17.7","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.0","className":"is-ohlc","compact":true},{"label":"High","value":"14.2","className":"is-ohlc","compact":true},{"label":"Low","value":"12.4","className":"is-ohlc","compact":true},{"label":"Close","value":"12.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.7","className":"is-ohlc","compact":true},{"label":"High","value":"15.1","className":"is-ohlc","compact":true},{"label":"Low","value":"14.1","className":"is-ohlc","compact":true},{"label":"Close","value":"14.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.4","className":"is-ohlc","compact":true},{"label":"High","value":"14.8","className":"is-ohlc","compact":true},{"label":"Low","value":"13.7","className":"is-ohlc","compact":true},{"label":"Close","value":"14.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.2","className":"is-ohlc","compact":true},{"label":"High","value":"14.5","className":"is-ohlc","compact":true},{"label":"Low","value":"12.4","className":"is-ohlc","compact":true},{"label":"Close","value":"12.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.8","className":"is-ohlc","compact":true},{"label":"High","value":"13.2","className":"is-ohlc","compact":true},{"label":"Low","value":"11.7","className":"is-ohlc","compact":true},{"label":"Close","value":"12.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.0","className":"is-ohlc","compact":true},{"label":"High","value":"12.7","className":"is-ohlc","compact":true},{"label":"Low","value":"9.60","className":"is-ohlc","compact":true},{"label":"Close","value":"10.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.8","className":"is-ohlc","compact":true},{"label":"High","value":"15.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.7","className":"is-ohlc","compact":true},{"label":"Close","value":"14.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.0","className":"is-ohlc","compact":true},{"label":"High","value":"15.5","className":"is-ohlc","compact":true},{"label":"Low","value":"12.8","className":"is-ohlc","compact":true},{"label":"Close","value":"13.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[9.4246,35.285402],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":27,"relationship":{"sample":0,"correlationSample":26,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2,"averageWeeksToHigher":2.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-9.9,"sample":1},{"week":2,"averageReturn":18.5,"sample":1},{"week":3,"averageReturn":15.0,"sample":1},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-32.4,"averageReturn":-32.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-36.6,"averageReturn":-36.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-14.5,"sample":1},{"week":2,"averageReturn":-16.8,"sample":1},{"week":3,"averageReturn":-25.6,"sample":1},{"week":4,"averageReturn":-32.4,"sample":1},{"week":5,"averageReturn":-40.6,"sample":1},{"week":6,"averageReturn":-44.0,"sample":1},{"week":7,"averageReturn":-41.9,"sample":1},{"week":8,"averageReturn":-36.0,"sample":1},{"week":9,"averageReturn":-31.7,"sample":1},{"week":10,"averageReturn":-36.6,"sample":1},{"week":11,"averageReturn":-33.0,"sample":1},{"week":12,"averageReturn":-36.6,"sample":1},{"week":13,"averageReturn":-38.8,"sample":1},{"week":14,"averageReturn":-45.7,"sample":1},{"week":15,"averageReturn":-45.3,"sample":1},{"week":16,"averageReturn":-52.4,"sample":1},{"week":17,"averageReturn":-54.1,"sample":1},{"week":18,"averageReturn":-62.9,"sample":1},{"week":19,"averageReturn":-56.3,"sample":1},{"week":20,"averageReturn":-58.1,"sample":1},{"week":21,"averageReturn":-63.0,"sample":1},{"week":22,"averageReturn":-64.6,"sample":1},{"week":23,"averageReturn":-68.1,"sample":1},{"week":24,"averageReturn":-58.1,"sample":1},{"week":25,"averageReturn":-59.3,"sample":1},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":1.8,"averageExpectedMove":1.8,"averageWeeksToLargestMove":2.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-10.4,"medianReturn":-10.4,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-45.8,"medianReturn":-45.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-5.1,"sample":2},{"week":2,"averageReturn":-1.8,"sample":1},{"week":3,"averageReturn":-7.1,"sample":1},{"week":4,"averageReturn":-10.4,"sample":1},{"week":5,"averageReturn":-20.5,"sample":1},{"week":6,"averageReturn":-19.9,"sample":1},{"week":7,"averageReturn":-30.2,"sample":1},{"week":8,"averageReturn":-32.8,"sample":1},{"week":9,"averageReturn":-45.7,"sample":1},{"week":10,"averageReturn":-36.0,"sample":1},{"week":11,"averageReturn":-38.6,"sample":1},{"week":12,"averageReturn":-45.8,"sample":1},{"week":13,"averageReturn":-48.1,"sample":1},{"week":14,"averageReturn":-53.3,"sample":1},{"week":15,"averageReturn":-38.5,"sample":1},{"week":16,"averageReturn":-40.4,"sample":1},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":5.9,"averageExpectedMove":5.9,"averageWeeksToLargestMove":3.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-23.4,"medianReturn":-23.4,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-30.2,"medianReturn":-30.2,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-6.4,"sample":2},{"week":2,"averageReturn":-17.3,"sample":2},{"week":3,"averageReturn":-19.3,"sample":2},{"week":4,"averageReturn":-23.4,"sample":2},{"week":5,"averageReturn":-20.8,"sample":2},{"week":6,"averageReturn":-24.9,"sample":2},{"week":7,"averageReturn":-22.9,"sample":2},{"week":8,"averageReturn":-21.9,"sample":2},{"week":9,"averageReturn":-28.2,"sample":2},{"week":10,"averageReturn":-31.0,"sample":2},{"week":11,"averageReturn":-38.4,"sample":2},{"week":12,"averageReturn":-30.2,"sample":2},{"week":13,"averageReturn":-35.9,"sample":2},{"week":14,"averageReturn":-38.3,"sample":1},{"week":15,"averageReturn":-50.2,"sample":1},{"week":16,"averageReturn":-41.2,"sample":1},{"week":17,"averageReturn":-43.7,"sample":1},{"week":18,"averageReturn":-50.3,"sample":1},{"week":19,"averageReturn":-52.4,"sample":1},{"week":20,"averageReturn":-57.1,"sample":1},{"week":21,"averageReturn":-43.6,"sample":1},{"week":22,"averageReturn":-45.3,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":44.0,"averageExpectedMove":44.0,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-32.4,"medianReturn":-32.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-36.6,"medianReturn":-36.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-14.5,"sample":1},{"week":2,"averageReturn":-16.8,"sample":1},{"week":3,"averageReturn":-25.6,"sample":1},{"week":4,"averageReturn":-32.4,"sample":1},{"week":5,"averageReturn":-40.6,"sample":1},{"week":6,"averageReturn":-44.0,"sample":1},{"week":7,"averageReturn":-41.9,"sample":1},{"week":8,"averageReturn":-36.0,"sample":1},{"week":9,"averageReturn":-31.7,"sample":1},{"week":10,"averageReturn":-36.6,"sample":1},{"week":11,"averageReturn":-33.0,"sample":1},{"week":12,"averageReturn":-36.6,"sample":1},{"week":13,"averageReturn":-38.8,"sample":1},{"week":14,"averageReturn":-45.7,"sample":1},{"week":15,"averageReturn":-45.3,"sample":1},{"week":16,"averageReturn":-52.4,"sample":1},{"week":17,"averageReturn":-54.1,"sample":1},{"week":18,"averageReturn":-62.9,"sample":1},{"week":19,"averageReturn":-56.3,"sample":1},{"week":20,"averageReturn":-58.1,"sample":1},{"week":21,"averageReturn":-63.0,"sample":1},{"week":22,"averageReturn":-64.6,"sample":1},{"week":23,"averageReturn":-68.1,"sample":1},{"week":24,"averageReturn":-58.1,"sample":1},{"week":25,"averageReturn":-59.3,"sample":1},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","zone":"middle","zoneContext":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is downward","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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","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, 100.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 1.0 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-02-20","price":33.900002}],"reversal_dangers":[{"date":"2026-02-27","price":29.0}]}},"smTape":{"available":true,"dates":["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":[28.26,33.9,29.0,28.2,25.22,22.9,20.14,18.99,19.7,21.7,23.14,21.48,22.72,21.5,20.74,18.4,18.53,16.15,15.56,12.57,14.82,14.21,12.54,12.0,10.81,14.22,13.8],"consensus":[74.0113,56.5892,-79.5455,8.1745,-33.2379,-46.1815,-44.1926,-39.9076,-32.1777,0.0,11.6209,-16.9863,8.6764,-23.1765,-21.3626,-48.0518,-26.285,-47.761,-40.9289,-56.0687,-12.4846,-28.0854,-55.3709,-37.2802,-47.4538,23.0979,-13.0317],"supportDates":["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":[null,null,null,null,null,-47.7831,-42.2827,-34.147,-29.357,0.0,7.8267,-27.1513,2.6977,-27.1368,-18.6349,-51.3871,-26.5516,-55.8228,-43.5942,-65.5617,-2.1049,-29.5308,-57.7338,-44.1717,-42.6051,22.3961,-20.2872],"force":[74.0113,56.5892,-79.5455,8.1745,-19.8739,-33.4763,-25.7372,-19.0084,-9.3599,0.0,26.1883,-15.7348,21.1536,-26.8383,-12.6641,-45.8072,-11.6178,-36.0659,-27.5461,-42.0382,-13.6277,-11.0681,-63.1939,-26.5632,-49.2814,74.2151,-10.5455],"direction":[null,null,null,null,-42.7837,-53.4264,-59.5579,-61.4191,-51.6997,0.0,5.5519,-6.2631,6.5969,-16.035,-30.6932,-45.8433,-36.4567,-46.9011,-47.4418,-55.2413,-42.9989,-38.5888,-47.0827,-37.0593,-51.6898,12.6122,-6.5154],"intensity":[null,null,null,null,25.0,20.0,50.0,14.2857,12.5,33.3333,20.0,27.2727,8.3333,7.6923,71.4286,53.3333,18.75,58.8235,5.5556,78.9474,50.0,4.7619,40.9091,26.087,54.1667,80.0,53.8462],"confirmation":[46.3503,40.7752,48.1212,25.2825,55.3585,82.3665,81.6083,80.2213,77.6444,5.8447,26.8871,50.5759,25.9145,75.4677,74.6125,83.2573,75.9601,82.8042,80.6488,85.3697,6.2647,76.4467,85.9211,79.498,83.3148,34.3172,49.3171],"persistence":[null,null,33.3333,50.0,20.0,0.0,14.2857,25.0,50.0,62.5,37.5,62.5,37.5,37.5,37.5,37.5,37.5,50.0,75.0,75.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0],"assessmentRisk":[null,null,null,null,15.6059,26.6861,27.4015,29.7829,31.5117,18.9068,33.0336,44.2279,35.9593,7.7632,31.8163,23.8512,36.2801,26.0094,29.4357,21.9175,42.535,27.1048,20.3952,0.5632,25.9583,11.2585,37.8235],"volumeParticipation":true,"latest":{"consensus":-13.0,"control":-20.3,"force":-10.5,"direction":-6.5,"confirmation":49.3,"persistence":75.0,"assessmentRisk":37.8,"intensity":53.8,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-13.0","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-20.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-10.5","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-6.5","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"49/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"60.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"26.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"23.5","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"15%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned downward.","series":[{"label":"Close","values":[28.26,33.9,29.0,28.2,25.22,22.9,20.14,18.99,19.7,21.7,23.14,21.48,22.72,21.5,20.74,18.4,18.53,16.15,15.56,12.57,14.82,14.21,12.54,12.0,10.81,14.22,13.8],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,28.3501,27.3591,26.0466,24.7636,23.8429,23.4533,23.3963,23.0479,22.9883,22.7177,22.3581,21.6385,21.0733,20.1781,19.3385,18.1078,17.5101,16.91,16.1155,15.3672,14.5386,14.4807,14.3569],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,25.2103,24.9355,24.6247,24.1636,23.7463,23.1836,22.6189,21.8745,21.352,20.8229,20.2094,19.6013,18.9501,18.5997,18.2442],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,34.1575,33.622,33.1528,32.7274,32.345,32.0124,31.8395,31.6294,31.6154,31.5911,31.8475,31.1928,28.8085,27.6313,26.3961,25.7773,25.1537,24.8973],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,15.4445,15.678,15.6189,15.788,15.7764,15.6663,15.1592,14.7848,14.0146,13.2752,12.0325,11.3432,11.7585,11.2897,10.9049,10.0827,9.8383,9.4607],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-14.4543,-16.8142,-25.6047,-32.4484,-40.59,-43.9823,-41.8879,-35.9882,-31.7404,-36.6372,-32.9794,-36.5782,-38.8201,-45.7227,-45.3392,-52.3599,-54.1003,-62.9204,-56.2832,-58.0826,-63.0089,-64.6018,-68.1121,-58.0531,-59.292],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,3.7388,14.2707,21.8536,13.1122,19.6419,13.2175,9.2154,0.0,0.7065,0.0,0.0,0.0,17.8998,13.0469,0.0,0.0,0.0,31.5449,27.6596],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,5.836,9.5689,20.0841,27.6551,18.9274,25.4469,19.0326,15.0368,2.734,3.4175,0.5273,1.6136,0.4908,9.6933,7.1984,0.5308,1.3471,4.4322,16.9231,15.3846],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-48.5366,-46.6125,-41.1924,-37.29,-41.7886,-38.4282,-41.7344,-43.794,-50.1355,-49.7832,-56.2331,-57.832,-65.935,-59.8374,-61.4905,-66.0163,-67.4797,-70.7046,-61.4634,-62.6016],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,6.2081,10.179,21.3647,29.4183,20.1342,27.0694,20.2461,15.9955,2.9083,3.6354,0.6858,2.3011,0.9639,19.0361,14.1365,1.0475,2.916,12.6042,48.125,43.75],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,24.1137,24.0349,26.3598,25.1341,27.8794,28.0035,33.9559,27.9532,27.6187,30.2404,30.2309,33.1837,25.7801,26.0596],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,75.4525,72.7954,71.9022,69.831,68.8615,68.5677,70.9818,72.5839,77.1455,81.6466,90.3144,93.3312,84.0581,83.9736,83.0604,87.5331,87.5363,89.8572],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,23.535],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,10.2807,9.9286,9.4753,9.1629,8.801,8.4446,8.0051,9.1932,9.0108,8.6595,8.4054,7.8933,12.4523,12.0452],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,7.9297,9.8219,11.1554,11.3244,14.0657,14.8568,18.7024,17.893,18.175,19.9527,20.8441,23.676,21.5124,20.363],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,15.4809,19.4751,86.4834,82.5873,33.1353,57.9539,76.1091,25.0856,52.1534,14.0928,6.1665,75.2291,12.2216,8.545,15.8468,177.3137,200.1507,208.7853,167.7292,101.9813],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,65.0,67.5181,78.5346,88.8748,84.9639,91.5725,83.0502,80.3839,75.012,76.3896,75.8184,68.9437,67.8762,68.4323,67.5276,65.0,65.0,65.0,70.0741,66.9432],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/105e82da-e9b7-4379-9e3c-78701b0989ac/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/105e82da-e9b7-4379-9e3c-78701b0989ac/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/105e82da-e9b7-4379-9e3c-78701b0989ac/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/105e82da-e9b7-4379-9e3c-78701b0989ac/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/105e82da-e9b7-4379-9e3c-78701b0989ac/technical-pack/data.json"},"source_fingerprint":"cf3f92f58d811e9a80443b84042a590ad79eae2edc9875e200c0cc18095b4fca","content_hash":"8e2934296c9cf3bf91f07f768e4191bc9ad6396ecc2ed1a5813046f378b30f4c","citation":"Sharemaestro, 0600 Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/105e82da-e9b7-4379-9e3c-78701b0989ac/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}