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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":3,"completedEpisodes":1,"activeEpisodes":2,"medianExpectedMove":9.7,"averageExpectedMove":9.7,"averageWeeksToLargestMove":10.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":4.1,"medianReturn":5.1,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":7.0,"medianReturn":7.0,"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":0.3,"sample":3},{"week":2,"averageReturn":1.3,"sample":3},{"week":3,"averageReturn":3.4,"sample":3},{"week":4,"averageReturn":4.1,"sample":3},{"week":5,"averageReturn":3.3,"sample":3},{"week":6,"averageReturn":-0.1,"sample":2},{"week":7,"averageReturn":3.0,"sample":2},{"week":8,"averageReturn":2.1,"sample":2},{"week":9,"averageReturn":3.5,"sample":2},{"week":10,"averageReturn":3.8,"sample":2},{"week":11,"averageReturn":2.2,"sample":2},{"week":12,"averageReturn":7.0,"sample":1},{"week":13,"averageReturn":12.4,"sample":1},{"week":14,"averageReturn":10.0,"sample":1},{"week":15,"averageReturn":9.6,"sample":1},{"week":16,"averageReturn":7.9,"sample":1},{"week":17,"averageReturn":0.2,"sample":1},{"week":18,"averageReturn":3.9,"sample":1},{"week":19,"averageReturn":2.3,"sample":1},{"week":20,"averageReturn":5.5,"sample":1},{"week":21,"averageReturn":5.3,"sample":1},{"week":22,"averageReturn":4.1,"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":6.1,"averageExpectedMove":6.1,"averageWeeksToLargestMove":11.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":2.8,"medianReturn":2.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-2.6,"medianReturn":-2.6,"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":2.6,"sample":1},{"week":2,"averageReturn":2.2,"sample":1},{"week":3,"averageReturn":2.1,"sample":1},{"week":4,"averageReturn":2.8,"sample":1},{"week":5,"averageReturn":0.9,"sample":1},{"week":6,"averageReturn":0.2,"sample":1},{"week":7,"averageReturn":5.3,"sample":1},{"week":8,"averageReturn":3.1,"sample":1},{"week":9,"averageReturn":2.7,"sample":1},{"week":10,"averageReturn":1.1,"sample":1},{"week":11,"averageReturn":-6.1,"sample":1},{"week":12,"averageReturn":-2.6,"sample":1},{"week":13,"averageReturn":-4.1,"sample":1},{"week":14,"averageReturn":-1.1,"sample":1},{"week":15,"averageReturn":-1.3,"sample":1},{"week":16,"averageReturn":-2.4,"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}]},"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 has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-01","price":8.185}],"reversal_dangers":[{"date":"2026-05-08","price":8.4}]}},"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","2026-08-21"],"close":[7.86,7.905,8.12,7.88,7.9,7.67,7.495,7.475,7.88,8.07,8.115,8.185,8.4,8.365,8.355,8.415,8.255,8.205,8.62,8.435,8.41,8.275,7.685,7.97,7.85,8.095,8.08,7.985],"consensus":[-100.0,-100.0,93.9394,-18.9873,10.0852,-59.6582,-48.8677,-52.205,39.8293,63.9673,41.9182,58.8282,66.4044,16.9399,31.101,42.2344,-25.0389,0.0,73.8824,-12.0858,0.0,-20.1777,-78.0947,0.0,-49.3366,20.547,0.0,-25.9499],"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","2026-08-21"],"control":[null,null,null,null,null,-63.8682,-43.1778,-51.7138,50.8478,63.7085,33.3476,60.7334,68.28,1.5033,17.7741,29.9941,-19.6775,0.0,75.9669,-11.129,0.0,-31.9015,-83.0568,0.0,-37.2103,34.1319,0.0,-26.1331],"force":[-100.0,-100.0,93.9394,-18.9873,11.2936,-50.5948,-23.1953,-25.2449,51.8367,60.5794,18.8049,39.0648,48.3779,28.3426,11.3577,35.2168,-78.9556,0.0,95.7037,-70.9211,0.0,-40.5899,-93.1544,0.0,-63.8492,54.2134,0.0,-39.0424],"direction":[null,null,null,null,9.2221,-61.3206,-73.7079,-72.0235,18.6599,66.6829,68.2226,70.7676,77.1368,70.3625,60.434,61.2358,-7.3457,0.0,55.9135,-28.8459,0.0,-7.8012,-61.6667,0.0,-52.8292,19.0259,0.0,-16.3889],"intensity":[null,null,null,null,50.0,80.0,100.0,14.2857,100.0,44.4444,40.0,18.1818,83.3333,53.8462,100.0,93.3333,31.25,41.1765,88.8889,36.8421,25.0,28.5714,100.0,73.913,20.8333,68.0,73.0769,29.6296],"confirmation":[54.6667,54.6667,52.7273,28.7426,48.6158,86.7502,82.942,83.8914,80.9434,88.3702,80.84,86.1937,88.6714,10.6889,77.5537,81.4877,56.6377,24.6675,92.2756,34.4956,5.6619,53.8979,93.3736,35.7205,84.4148,34.1196,24.633,55.0],"persistence":[null,null,33.3333,50.0,20.0,33.3333,42.8571,50.0,25.0,0.0,0.0,25.0,25.0,50.0,75.0,100.0,75.0,62.5,62.5,37.5,25.0,0.0,25.0,37.5,37.5,25.0,37.5,37.5],"assessmentRisk":[null,null,null,null,7.0101,13.8514,25.5097,23.356,24.6532,15.965,28.86,20.5341,16.4162,37.8433,27.838,22.2481,22.6662,35.4599,8.0766,11.55,31.3096,30.5921,10.9296,50.4914,24.4263,41.9399,46.143,16.074],"volumeParticipation":true,"latest":{"consensus":-25.9,"control":-26.1,"force":-39.0,"direction":-16.4,"confirmation":55.0,"persistence":37.5,"assessmentRisk":16.1,"intensity":29.6,"evidenceDepth":100},"analysis":{"status":"Completed tape has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Completed tape","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-25.9","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-26.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-39.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-16.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"49.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"3.3%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"23.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"45%","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 is rotating through its trend references.","series":[{"label":"Close","values":[7.86,7.905,8.12,7.88,7.9,7.67,7.495,7.475,7.88,8.07,8.115,8.185,8.4,8.365,8.355,8.415,8.255,8.205,8.62,8.435,8.41,8.275,7.685,7.97,7.85,8.095,8.08,7.985],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,7.9064,7.8634,7.7964,7.738,7.7638,7.8195,7.8732,7.9299,8.0154,8.0789,8.1291,8.1811,8.1945,8.1964,8.2735,8.3028,8.3223,8.3137,8.1994,8.1577,8.1017,8.1005,8.0968,8.0765],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,7.92,7.9529,7.9827,8.0147,8.0325,8.0453,8.0879,8.1136,8.1355,8.1459,8.1117,8.1012,8.0826,8.0835,8.0833,8.076],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,8.2362,8.2774,8.3267,8.4309,8.4949,8.5407,8.5897,8.599,8.5993,8.6745,8.6995,8.7342,8.7495,8.7568,8.7563,8.7573,8.7472,8.7053,8.6418],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,7.4148,7.4263,7.4325,7.4083,7.4079,7.416,7.4215,7.4416,7.4618,7.4486,7.461,7.4813,7.503,7.4522,7.4617,7.4557,7.5083,7.6087,7.7232],"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","2026-08-21"]},{"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,4.6567,10.804,13.5492,5.1258,7.1931,0.0,36.7717,110.4503,341.819,169.1716,0.0,52.4116,81.8049,15.9309,21.8332,62.452,367.8754,200.4762,35.2211,103.6216,82.2811],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,103.5023,106.004,108.8664,109.8554,111.1353,111.1353,105.3757,87.9455,135.0,112.7188,112.7188,119.0704,109.2507,108.0583,106.4061,102.2835,130.0746,113.3422,116.1946,107.5985,100.5144],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"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","2026-08-21"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.0702,0.0949,0.1124,0.1296,0.1288,0.1228,0.1497,0.1544,0.1543,0.1417,0.0831,0.059,0.0299,0.0263,0.022,0.0107],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0994,0.104,0.1132,0.1214,0.128,0.1307,0.1212,0.1088,0.093,0.0796,0.0681,0.0566],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0295,0.0187,0.0365,0.033,0.0263,0.0109,-0.0381,-0.0497,-0.0631,-0.0534,-0.0462,-0.0459],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"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","2026-08-21"]},{"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,2.3656,2.7635,2.7133,2.7154,2.5804,2.6246,2.6769,2.527,2.5359,3.0839,3.1421,3.2944,3.2621,3.154,3.2543],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,10.4975,10.8391,11.3486,12.9129,13.6708,14.0972,14.5923,14.4305,14.1637,15.2067,15.3264,15.453,15.3391,16.0969,15.9638,16.0572,15.2426,13.4444,11.2264],"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","2026-08-21"]},{"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 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