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evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-9.0,"sample":2},{"week":2,"averageReturn":-8.1,"sample":2},{"week":3,"averageReturn":-1.3,"sample":1},{"week":4,"averageReturn":-4.1,"sample":1},{"week":5,"averageReturn":59.0,"sample":1},{"week":6,"averageReturn":63.6,"sample":1},{"week":7,"averageReturn":2.9,"sample":1},{"week":8,"averageReturn":1.9,"sample":1},{"week":9,"averageReturn":6.1,"sample":1},{"week":10,"averageReturn":-20.3,"sample":1},{"week":11,"averageReturn":-22.9,"sample":1},{"week":12,"averageReturn":-36.2,"sample":1},{"week":13,"averageReturn":-54.8,"sample":1},{"week":14,"averageReturn":-58.2,"sample":1},{"week":15,"averageReturn":-51.7,"sample":1},{"week":16,"averageReturn":-35.4,"sample":1},{"week":17,"averageReturn":-32.2,"sample":1},{"week":18,"averageReturn":-37.4,"sample":1},{"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":1,"activeEpisodes":1,"medianExpectedMove":70.5,"averageExpectedMove":70.5,"averageWeeksToLargestMove":2.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-25.6,"medianReturn":-25.6,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-32.7,"medianReturn":-32.7,"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":20.5,"sample":2},{"week":2,"averageReturn":21.6,"sample":2},{"week":3,"averageReturn":-16.3,"sample":2},{"week":4,"averageReturn":-25.6,"sample":2},{"week":5,"averageReturn":-25.0,"sample":2},{"week":6,"averageReturn":-35.7,"sample":2},{"week":7,"averageReturn":-29.4,"sample":2},{"week":8,"averageReturn":-34.7,"sample":2},{"week":9,"averageReturn":-46.9,"sample":2},{"week":10,"averageReturn":-56.4,"sample":1},{"week":11,"averageReturn":-49.7,"sample":1},{"week":12,"averageReturn":-32.7,"sample":1},{"week":13,"averageReturn":-29.3,"sample":1},{"week":14,"averageReturn":-34.7,"sample":1},{"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}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","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}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":79.7,"sample":1},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 79.7% across 1 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 2.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 36.2% across 1 completed cases, with the largest move arriving after 12.0 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":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[57.9087,57.5166,51.5802,55.5459,51.0993,74.4138,142.8,135.0,190.08,171.99,168.6,125.73,148.5,96.33,59.04,47.04,59.61,71.43,63.09,55.59,49.185,53.97,58.14,62.4372,51.36,33.27,28.8,24.72,21.93,25.77,23.28,20.61,17.5722,14.0517,15.27,15.46,31.0,23.88,26.94,30.6085,29.74,49.29,50.72,31.89,31.5827,32.8784,24.72,23.9,19.79,14.01,12.97,14.96,20.02,21.03,19.41],"consensus":[-92.7333,-52.2756,0.0,19.9854,0.0,28.535,61.8188,29.7499,73.7842,14.8918,12.9189,-24.7308,25.3615,-43.8816,-54.7475,-43.438,-10.1396,0.0,-23.877,-18.6536,-31.5359,0.0,-11.6911,0.0,-24.8987,-49.1089,-27.1131,-33.128,-35.8027,-13.9398,-22.1996,-30.2186,-30.6589,-36.6237,-11.7559,-15.5914,36.2888,-15.3798,17.8008,15.5385,0.0,58.0955,36.4703,-28.6555,0.0,0.0,-37.1438,-22.5413,-34.4218,-41.3642,-36.328,-12.3498,15.2305,0.0,-1.7286],"supportDates":["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","2026-08-21"],"control":[null,null,35.39,64.8164,23.1081,65.719,2.2693,3.6295,-20.6562,37.224,-35.7007,-47.1995,-38.8646,-4.0114,0.0,-31.7716,-22.8358,-37.6754,0.0,-14.1925,0.0,-29.3539,-49.7056,-21.7535,-31.3361,-38.7648,-13.6658,-24.7918,-39.9603,-39.1686,-45.9331,-6.1125,-15.5796,34.9681,-27.4032,19.7487,9.3822,0.0,49.0148,34.8202,-35.1575,0.0,0.0,-34.7851,-28.4658,-41.4174,-44.3083,-44.2955,-7.955,20.0087,0.0,-6.7653],"force":[19.9854,0.0,27.6655,50.3579,1.8385,88.6339,33.4927,14.9117,-69.3585,37.1867,-65.7383,-64.0475,-31.9563,-13.2076,0.0,-18.253,-10.8072,-25.5775,0.0,-1.5149,0.0,-28.9742,-64.2,-14.8754,-18.9004,-19.5691,-7.5501,-9.0646,-17.5936,-19.2733,-22.9944,-5.2574,-1.0386,68.6073,-21.377,24.5081,18.4119,0.0,86.4431,22.5298,-62.8419,0.0,0.0,-53.2959,-16.8055,-30.5432,-37.8888,-21.8683,-7.0012,39.6928,0.0,-0.5064],"direction":[null,0.0,21.3218,66.5794,59.9037,72.3945,63.878,43.4145,-2.4893,3.3578,-37.6193,-56.731,-56.8659,-42.9888,0.0,-18.8719,-19.4784,-28.7753,0.0,-18.2652,0.0,-16.8959,-37.6475,-41.9796,-45.3385,-44.0129,-29.6028,-28.6192,-28.1031,-29.0661,-35.7195,-30.3577,-25.9998,14.7135,-2.6449,10.7836,20.5219,0.0,48.225,48.3136,-3.1942,0.0,0.0,-28.3022,-19.8674,-29.1972,-40.482,-37.5508,-31.1946,7.7035,0.0,-2.4311],"intensity":[null,25.0,80.0,100.0,71.4286,75.0,88.8889,60.0,100.0,41.6667,61.5385,57.1429,40.0,25.0,29.4118,16.6667,31.5789,20.0,42.8571,31.8182,4.3478,25.0,44.0,53.8462,3.7037,14.2857,20.6897,10.0,3.2258,6.25,9.0909,17.6471,2.8571,55.5556,35.1351,31.5789,41.0256,40.0,70.7317,59.5238,62.7907,56.8182,4.4444,34.7826,31.9149,14.5833,32.6531,8.0,5.8824,26.9231,15.3846,9.6154],"confirmation":[29.062,24.8729,77.0002,87.3871,54.384,92.1864,10.6283,6.6086,55.2004,53.6286,82.8329,85.9176,81.6199,6.4222,4.9663,75.349,73.6663,77.8163,5.225,48.9571,24.8265,76.0239,84.1657,76.3849,78.1947,78.917,50.754,74.6641,77.1367,77.3342,79.1624,27.1176,49.8792,80.6175,50.8187,73.871,73.1537,48.3254,87.5928,79.2708,56.1273,1.5106,25.0765,80.4142,74.9481,78.7902,81.0858,79.0629,27.5894,52.5232,25.3821,9.035],"persistence":[25.0,20.0,0.0,14.2857,25.0,50.0,75.0,87.5,62.5,75.0,50.0,25.0,0.0,25.0,37.5,62.5,62.5,87.5,75.0,75.0,62.5,62.5,75.0,75.0,75.0,75.0,87.5,87.5,100.0,100.0,100.0,100.0,100.0,75.0,75.0,50.0,25.0,12.5,12.5,37.5,37.5,25.0,37.5,12.5,12.5,25.0,50.0,75.0,75.0,62.5,62.5,50.0],"assessmentRisk":[null,43.4562,31.7908,18.9984,34.9353,13.1033,42.4501,30.3505,2.4404,57.0831,27.1244,22.462,27.2734,44.3582,29.1122,17.8562,24.3519,2.2846,31.8192,5.3571,14.9073,17.9745,16.342,35.3817,33.4121,31.9893,30.3407,23.1677,13.0643,14.5329,29.3897,37.6766,28.0642,29.2756,51.7658,39.678,41.8352,8.6083,20.8582,31.6199,21.3144,11.4054,43.81,31.0645,23.5841,25.3402,28.2299,26.4534,33.7622,6.2186,30.7276,40.9794],"volumeParticipation":true,"latest":{"consensus":-1.7,"control":-6.8,"force":-0.5,"direction":-2.4,"confirmation":9.0,"persistence":50.0,"assessmentRisk":41.0,"intensity":9.6,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-1.7","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-6.8","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-0.5","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-2.4","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"9/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"42.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"63.1%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"8.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"17%","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 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