{"schema_version":"1.0","name":"GMAB Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"1a591078-2b4b-4c42-9ccb-8d5fba81165f","symbol":"GMAB","name":"Genmab A/S","exchange":"CPH","country":"DK","asset_type":"equity","currency":"DKK","sector":"Healthcare","industry":"Biotechnology"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Drawdown and recovery pressure, Range position and boundary pressure, Strength versus the research benchmark, Range pressure and compression."},{"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. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Positive Market Dynamics is leading the current price response","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"positive","conflict":false},"marketDynamics":{"available":true,"readAvailable":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"],"values":[-0.154531,-0.025487,0.11035,0.139407,0.191244,0.018861,-0.274708,-0.513638,-0.82426,-1.133517,-1.270456,-1.307112,-1.257679,-1.207988,-1.008758,-0.930423,-0.955862,-0.747317,-0.648765,-0.380129,0.152015,0.467511,0.631766,0.671714,0.382654,0.355049,0.561795,0.768369,1.150814,1.1115,0.815186,0.494294,0.042301,-0.274846,-0.50165,-0.651162,-0.584595,-0.454629,-0.241735,-0.146858,-0.193362,-0.107697,-0.008044,0.177486,0.367864,0.332632,0.391765,0.435864,0.602128,0.694403,0.68969,0.834046,0.905525,1.20511,1.44822,1.472267,1.497718,1.421021,1.441579,1.453403,1.460784,1.422989,1.107196,0.884679,0.642255,0.411539,0.422951,0.285771,0.105626,0.023194,-0.133619,-0.285848,-0.237656,-0.178472,-0.090565,-0.04353,-0.26989,-0.607628,-0.921718,-1.087735,-1.153541,-1.197832,-1.252892,-1.326871,-1.423811,-1.328661,-1.269538,-1.238711,-1.225933,-1.230596,-1.18962,-0.878607,-0.458679,-0.280473,-0.158753,-0.234049,-0.286944,-0.045419,0.251234,0.583449,0.790693,0.857768,1.026048,1.112289],"opens":[1836.5,1822.5,1875.0,1857.0,1820.0,1698.5,1622.0,1590.5,1600.0,1570.0,1598.5,1551.0,1604.0,1452.0,1483.0,1526.5,1544.5,1427.0,1454.0,1504.0,1560.0,1609.0,1503.0,1491.5,1399.0,1341.0,1507.5,1605.0,1626.0,1654.0,1377.0,1348.0,1350.0,1176.5,1256.0,1307.0,1350.0,1433.0,1272.5,1332.0,1376.5,1444.5,1467.5,1483.5,1362.5,1319.0,1298.5,1370.0,1407.5,1510.0,1405.0,1382.0,1480.5,1570.0,1607.0,1755.0,1786.0,1805.0,1790.0,2127.0,2051.0,2097.0,1920.0,1851.0,1854.0,1943.0,1990.5,2075.0,2060.0,1986.5,2058.0,2123.0,2050.0,2175.0,2050.0,2125.0,2050.0,1955.0,1907.0,1851.5,1839.0,1696.5,1668.5,1661.0,1700.5,1781.0,1776.5,1794.5,1705.0,1674.0,1662.0,1698.0,1723.5,1673.5,1622.5,1656.0,1703.5,1863.5,1930.0,1879.5,1875.0,1895.0,1863.5,2025.0],"highs":[1862.0,1881.5,1880.0,1893.0,1820.0,1698.5,1640.0,1632.0,1618.5,1593.5,1608.5,1613.5,1652.0,1483.5,1531.5,1567.0,1574.0,1496.5,1511.0,1553.0,1626.0,1631.5,1581.0,1520.5,1410.0,1518.5,1603.0,1647.0,1672.5,1664.5,1430.5,1409.0,1352.5,1287.0,1328.0,1358.0,1429.5,1440.5,1353.5,1429.0,1409.0,1457.5,1502.5,1490.0,1368.5,1322.0,1426.0,1438.5,1516.5,1515.0,1490.5,1501.0,1597.5,1621.5,1770.0,1833.5,1818.0,1878.5,2100.0,2144.0,2153.0,2097.0,1920.0,1907.0,1975.0,1994.0,2064.0,2111.0,2071.0,2081.0,2132.0,2138.0,2220.0,2257.0,2137.0,2162.0,2120.0,1982.5,1972.5,1887.0,1903.0,1798.0,1733.5,1724.0,1772.0,1828.5,1873.5,1804.5,1720.0,1795.0,1722.0,1749.0,1744.0,1686.5,1629.0,1666.0,1706.5,1871.0,1932.0,1907.0,1917.0,1928.0,2066.0,2043.0],"lows":[1796.0,1819.0,1823.5,1777.5,1715.0,1589.0,1562.0,1578.5,1530.0,1538.5,1516.5,1515.5,1450.0,1431.0,1455.0,1523.5,1438.5,1405.0,1453.5,1490.0,1542.5,1433.5,1491.5,1357.5,1366.0,1315.0,1498.0,1589.5,1620.5,1352.5,1353.0,1300.0,1247.5,1157.0,1247.0,1274.5,1347.0,1282.0,1204.5,1305.0,1366.0,1372.5,1459.5,1370.0,1301.0,1275.0,1294.0,1357.0,1368.0,1375.0,1362.5,1337.0,1478.5,1554.0,1606.0,1727.0,1745.0,1786.5,1735.0,2035.0,2033.0,1877.5,1826.5,1807.0,1854.0,1913.5,1954.0,1989.0,1968.0,1979.0,2050.0,1985.5,1999.0,2132.0,1976.0,2022.0,1941.5,1847.0,1783.0,1791.0,1722.0,1681.5,1634.5,1635.0,1683.0,1728.5,1776.5,1703.5,1640.5,1546.0,1625.0,1620.0,1672.5,1512.0,1609.5,1635.0,1655.0,1849.5,1853.0,1840.0,1823.5,1821.0,1819.5,1958.5],"closes":[1822.5,1873.5,1860.0,1800.0,1715.0,1622.0,1587.5,1604.0,1563.5,1593.5,1548.5,1592.0,1450.0,1483.5,1526.0,1549.0,1438.5,1462.0,1507.5,1549.0,1607.5,1509.5,1503.0,1424.5,1385.0,1504.0,1583.0,1608.5,1659.5,1414.0,1363.5,1364.0,1251.5,1225.0,1291.5,1347.0,1421.5,1319.0,1321.0,1360.0,1379.5,1445.5,1481.0,1377.0,1309.5,1298.5,1378.0,1419.5,1490.5,1387.0,1382.0,1497.5,1570.0,1588.0,1751.5,1800.0,1807.5,1840.5,2100.0,2044.0,2095.0,1910.5,1838.0,1847.5,1953.5,1968.0,2039.0,2032.0,2015.0,2058.0,2123.0,2007.0,2182.0,2185.0,2130.0,2022.0,1958.0,1904.5,1853.5,1848.5,1728.5,1702.5,1637.0,1682.5,1758.5,1790.0,1804.0,1711.0,1694.0,1641.5,1684.0,1723.5,1704.0,1583.5,1619.0,1636.5,1702.0,1868.5,1868.5,1869.0,1878.5,1858.5,1999.0,2027.0],"pressureRange":[-1.707399,1.707399],"priceRange":[1225.0,2668.0],"zones":{"accumulationBoundary":0.060735,"distributionBoundary":0.939265},"latest":1.112289,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"11 Jul 2025","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.28,"forwardCorrelation":0.01,"directionalAgreement":48.0,"sample":254,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":2.5,"medianWeeksInZone":2.5,"averageWeeksToHigher":2.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":13.7,"averageReturn":13.7,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":21.3,"averageReturn":21.3,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":65.0,"averageReturn":65.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.5,"sample":2},{"week":2,"averageReturn":4.2,"sample":2},{"week":3,"averageReturn":8.0,"sample":2},{"week":4,"averageReturn":13.7,"sample":2},{"week":5,"averageReturn":5.7,"sample":2},{"week":6,"averageReturn":5.5,"sample":2},{"week":7,"averageReturn":11.5,"sample":2},{"week":8,"averageReturn":15.1,"sample":2},{"week":9,"averageReturn":18.4,"sample":2},{"week":10,"averageReturn":26.0,"sample":2},{"week":11,"averageReturn":23.7,"sample":2},{"week":12,"averageReturn":21.3,"sample":2},{"week":13,"averageReturn":22.2,"sample":2},{"week":14,"averageReturn":35.2,"sample":2},{"week":15,"averageReturn":34.8,"sample":2},{"week":16,"averageReturn":39.5,"sample":2},{"week":17,"averageReturn":28.4,"sample":2},{"week":18,"averageReturn":25.4,"sample":2},{"week":19,"averageReturn":30.4,"sample":2},{"week":20,"averageReturn":37.3,"sample":2},{"week":21,"averageReturn":38.6,"sample":2},{"week":22,"averageReturn":47.8,"sample":2},{"week":23,"averageReturn":49.5,"sample":2},{"week":24,"averageReturn":49.2,"sample":2},{"week":25,"averageReturn":52.1,"sample":2},{"week":26,"averageReturn":65.0,"sample":2}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":3.0,"medianWeeksInZone":3,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-5.4,"averageReturn":-5.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-18.6,"averageReturn":-18.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-23.9,"averageReturn":-23.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.6,"sample":1},{"week":2,"averageReturn":0.6,"sample":1},{"week":3,"averageReturn":-4.6,"sample":1},{"week":4,"averageReturn":-5.4,"sample":1},{"week":5,"averageReturn":-6.1,"sample":1},{"week":6,"averageReturn":-14.6,"sample":1},{"week":7,"averageReturn":-22.2,"sample":1},{"week":8,"averageReturn":-24.3,"sample":1},{"week":9,"averageReturn":-23.8,"sample":1},{"week":10,"averageReturn":-18.8,"sample":1},{"week":11,"averageReturn":-16.4,"sample":1},{"week":12,"averageReturn":-18.6,"sample":1},{"week":13,"averageReturn":-18.6,"sample":1},{"week":14,"averageReturn":-15.1,"sample":1},{"week":15,"averageReturn":-20.9,"sample":1},{"week":16,"averageReturn":-19.8,"sample":1},{"week":17,"averageReturn":-18.7,"sample":1},{"week":18,"averageReturn":-18.4,"sample":1},{"week":19,"averageReturn":-18.6,"sample":1},{"week":20,"averageReturn":-25.2,"sample":1},{"week":21,"averageReturn":-27.9,"sample":1},{"week":22,"averageReturn":-28.3,"sample":1},{"week":23,"averageReturn":-27.8,"sample":1},{"week":24,"averageReturn":-25.0,"sample":1},{"week":25,"averageReturn":-24.1,"sample":1},{"week":26,"averageReturn":-23.9,"sample":1}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":16,"completedEpisodes":14,"activeEpisodes":2,"medianExpectedMove":4.8,"averageExpectedMove":10.7,"averageWeeksToLargestMove":5.8,"horizons":[{"weeks":4,"sample":15,"expectedCount":9,"expectedPercent":60.0,"averageReturn":-1.4,"medianReturn":2.8,"confidenceLow":35.7,"confidenceHigh":80.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":14,"expectedCount":5,"expectedPercent":35.7,"averageReturn":-0.3,"medianReturn":-3.9,"confidenceLow":16.3,"confidenceHigh":61.2,"confidence":"Mixed historical record"},{"weeks":26,"sample":14,"expectedCount":3,"expectedPercent":21.4,"averageReturn":-1.5,"medianReturn":-7.6,"confidenceLow":7.6,"confidenceHigh":47.6,"confidence":"Historically adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.0,"sample":16},{"week":2,"averageReturn":-0.3,"sample":15},{"week":3,"averageReturn":-2.0,"sample":15},{"week":4,"averageReturn":-1.4,"sample":15},{"week":5,"averageReturn":-0.4,"sample":15},{"week":6,"averageReturn":-3.1,"sample":14},{"week":7,"averageReturn":-1.5,"sample":14},{"week":8,"averageReturn":-0.4,"sample":14},{"week":9,"averageReturn":-1.3,"sample":14},{"week":10,"averageReturn":-2.5,"sample":14},{"week":11,"averageReturn":-0.3,"sample":14},{"week":12,"averageReturn":-0.3,"sample":14},{"week":13,"averageReturn":-0.2,"sample":14},{"week":14,"averageReturn":-1.8,"sample":14},{"week":15,"averageReturn":-0.4,"sample":14},{"week":16,"averageReturn":0.4,"sample":14},{"week":17,"averageReturn":-0.1,"sample":14},{"week":18,"averageReturn":-0.9,"sample":14},{"week":19,"averageReturn":-1.1,"sample":14},{"week":20,"averageReturn":-1.1,"sample":14},{"week":21,"averageReturn":-0.5,"sample":14},{"week":22,"averageReturn":-1.0,"sample":14},{"week":23,"averageReturn":-1.0,"sample":14},{"week":24,"averageReturn":-3.1,"sample":14},{"week":25,"averageReturn":-2.3,"sample":14},{"week":26,"averageReturn":-1.5,"sample":14}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":22,"completedEpisodes":21,"activeEpisodes":1,"medianExpectedMove":9.4,"averageExpectedMove":10.7,"averageWeeksToLargestMove":6.4,"horizons":[{"weeks":4,"sample":22,"expectedCount":7,"expectedPercent":31.8,"averageReturn":1.9,"medianReturn":0.9,"confidenceLow":16.4,"confidenceHigh":52.7,"confidence":"Mixed historical record"},{"weeks":12,"sample":21,"expectedCount":12,"expectedPercent":57.1,"averageReturn":-0.3,"medianReturn":-2.0,"confidenceLow":36.5,"confidenceHigh":75.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":20,"expectedCount":12,"expectedPercent":60.0,"averageReturn":3.0,"medianReturn":-6.4,"confidenceLow":38.7,"confidenceHigh":78.1,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.8,"sample":22},{"week":2,"averageReturn":1.3,"sample":22},{"week":3,"averageReturn":1.7,"sample":22},{"week":4,"averageReturn":1.9,"sample":22},{"week":5,"averageReturn":1.5,"sample":22},{"week":6,"averageReturn":1.4,"sample":22},{"week":7,"averageReturn":1.1,"sample":22},{"week":8,"averageReturn":1.3,"sample":22},{"week":9,"averageReturn":1.3,"sample":22},{"week":10,"averageReturn":0.6,"sample":22},{"week":11,"averageReturn":-0.9,"sample":21},{"week":12,"averageReturn":-0.3,"sample":21},{"week":13,"averageReturn":0.2,"sample":21},{"week":14,"averageReturn":-0.2,"sample":21},{"week":15,"averageReturn":0.0,"sample":21},{"week":16,"averageReturn":-1.8,"sample":20},{"week":17,"averageReturn":-3.0,"sample":20},{"week":18,"averageReturn":-2.3,"sample":20},{"week":19,"averageReturn":-0.3,"sample":20},{"week":20,"averageReturn":1.4,"sample":20},{"week":21,"averageReturn":1.7,"sample":20},{"week":22,"averageReturn":1.5,"sample":20},{"week":23,"averageReturn":0.7,"sample":20},{"week":24,"averageReturn":1.8,"sample":20},{"week":25,"averageReturn":3.0,"sample":20},{"week":26,"averageReturn":3.0,"sample":20}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":22,"completedEpisodes":21,"activeEpisodes":1,"medianExpectedMove":11.9,"averageExpectedMove":12.5,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":22,"expectedCount":15,"expectedPercent":68.2,"averageReturn":-1.7,"medianReturn":-3.3,"confidenceLow":47.3,"confidenceHigh":83.6,"confidence":"Mixed historical record"},{"weeks":12,"sample":21,"expectedCount":12,"expectedPercent":57.1,"averageReturn":-3.7,"medianReturn":-4.8,"confidenceLow":36.5,"confidenceHigh":75.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":13,"expectedPercent":68.4,"averageReturn":0.4,"medianReturn":-10.4,"confidenceLow":46.0,"confidenceHigh":84.6,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.8,"sample":22},{"week":2,"averageReturn":-0.9,"sample":22},{"week":3,"averageReturn":-0.5,"sample":22},{"week":4,"averageReturn":-1.7,"sample":22},{"week":5,"averageReturn":-0.9,"sample":22},{"week":6,"averageReturn":0.2,"sample":22},{"week":7,"averageReturn":-1.0,"sample":21},{"week":8,"averageReturn":-2.3,"sample":21},{"week":9,"averageReturn":-3.2,"sample":21},{"week":10,"averageReturn":-4.2,"sample":21},{"week":11,"averageReturn":-3.9,"sample":21},{"week":12,"averageReturn":-3.7,"sample":21},{"week":13,"averageReturn":-5.6,"sample":20},{"week":14,"averageReturn":-5.1,"sample":20},{"week":15,"averageReturn":-4.8,"sample":20},{"week":16,"averageReturn":-3.2,"sample":20},{"week":17,"averageReturn":-1.5,"sample":20},{"week":18,"averageReturn":-1.1,"sample":20},{"week":19,"averageReturn":-1.1,"sample":20},{"week":20,"averageReturn":-2.4,"sample":19},{"week":21,"averageReturn":-1.4,"sample":19},{"week":22,"averageReturn":0.4,"sample":19},{"week":23,"averageReturn":0.6,"sample":19},{"week":24,"averageReturn":0.7,"sample":19},{"week":25,"averageReturn":0.6,"sample":19},{"week":26,"averageReturn":0.4,"sample":19}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":15,"completedEpisodes":14,"activeEpisodes":1,"medianExpectedMove":6.4,"averageExpectedMove":10.9,"averageWeeksToLargestMove":7.0,"horizons":[{"weeks":4,"sample":14,"expectedCount":7,"expectedPercent":50.0,"averageReturn":0.2,"medianReturn":-0.9,"confidenceLow":26.8,"confidenceHigh":73.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":14,"expectedCount":6,"expectedPercent":42.9,"averageReturn":1.6,"medianReturn":-4.7,"confidenceLow":21.4,"confidenceHigh":67.4,"confidence":"Mixed historical record"},{"weeks":26,"sample":14,"expectedCount":5,"expectedPercent":35.7,"averageReturn":-0.9,"medianReturn":-10.1,"confidenceLow":16.3,"confidenceHigh":61.2,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.2,"sample":15},{"week":2,"averageReturn":0.2,"sample":15},{"week":3,"averageReturn":-0.3,"sample":14},{"week":4,"averageReturn":0.2,"sample":14},{"week":5,"averageReturn":-1.0,"sample":14},{"week":6,"averageReturn":-0.2,"sample":14},{"week":7,"averageReturn":0.6,"sample":14},{"week":8,"averageReturn":1.0,"sample":14},{"week":9,"averageReturn":0.4,"sample":14},{"week":10,"averageReturn":1.4,"sample":14},{"week":11,"averageReturn":1.5,"sample":14},{"week":12,"averageReturn":1.6,"sample":14},{"week":13,"averageReturn":1.2,"sample":14},{"week":14,"averageReturn":3.5,"sample":14},{"week":15,"averageReturn":1.7,"sample":14},{"week":16,"averageReturn":0.4,"sample":14},{"week":17,"averageReturn":-0.3,"sample":14},{"week":18,"averageReturn":-2.1,"sample":14},{"week":19,"averageReturn":-2.4,"sample":14},{"week":20,"averageReturn":-4.8,"sample":14},{"week":21,"averageReturn":-5.7,"sample":14},{"week":22,"averageReturn":-4.0,"sample":14},{"week":23,"averageReturn":-3.6,"sample":14},{"week":24,"averageReturn":-3.1,"sample":14},{"week":25,"averageReturn":-1.4,"sample":14},{"week":26,"averageReturn":-0.9,"sample":14}]}},"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":"Underlying strength ahead of price","tone":"positive","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":42.9,"averageReturn":1.6,"sample":14},"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 is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 42.9% of comparable cases moved higher after 12 weeks, with an average move of 1.6% across 14 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 2 cases. Distinct visits lasted 2.5 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 10.9% across 14 completed cases, with the largest move arriving after 7.0 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2025-06-20","price":1377.0},{"date":"2025-07-11","price":1378.0}],"distribution_rollovers":[],"price_pressure_gaps":[]}},"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":[1822.5,1873.5,1860.0,1800.0,1715.0,1622.0,1587.5,1604.0,1563.5,1593.5,1548.5,1592.0,1450.0,1483.5,1526.0,1549.0,1438.5,1462.0,1507.5,1549.0,1607.5,1509.5,1503.0,1424.5,1385.0,1504.0,1583.0,1608.5,1659.5,1414.0,1363.5,1364.0,1251.5,1225.0,1291.5,1347.0,1421.5,1319.0,1321.0,1360.0,1379.5,1445.5,1481.0,1377.0,1309.5,1298.5,1378.0,1419.5,1490.5,1387.0,1382.0,1497.5,1570.0,1588.0,1751.5,1800.0,1807.5,1840.5,2100.0,2044.0,2095.0,1910.5,1838.0,1847.5,1953.5,1968.0,2039.0,2032.0,2015.0,2058.0,2123.0,2007.0,2182.0,2185.0,2130.0,2022.0,1958.0,1904.5,1853.5,1848.5,1728.5,1702.5,1637.0,1682.5,1758.5,1790.0,1804.0,1711.0,1694.0,1641.5,1684.0,1723.5,1704.0,1583.5,1619.0,1636.5,1702.0,1868.5,1868.5,1869.0,1878.5,1858.5,1999.0,2027.0],"consensus":[-21.2713,18.0802,0.0,-32.7882,-58.8244,-62.947,-49.6505,-30.3262,-49.5975,0.0,-44.4687,0.0,-68.937,-11.1386,0.0,0.0,-55.6226,-9.4695,8.1369,19.6112,43.5841,-30.4239,-15.3344,-49.9179,-41.808,34.4783,46.3901,29.9817,51.6422,-55.2701,-49.5776,-25.9802,-72.3586,-37.9716,-9.4774,0.0,37.7209,-33.9747,0.0,0.0,0.0,39.1986,34.3461,-28.3471,-42.5933,-27.1686,15.2246,29.6026,48.5915,-20.7949,0.0,51.9028,51.4946,38.7543,76.7757,56.747,50.9948,50.9035,83.8095,16.3872,54.1649,-12.9686,-24.0943,0.0,36.8616,30.7003,52.3725,22.1306,14.4708,42.4203,49.6836,-20.6688,60.287,28.7474,15.3148,-29.5773,-39.6714,-39.106,-42.9303,-27.5237,-65.9389,-45.6598,-60.3318,-23.4747,0.0,0.0,0.0,-41.6596,-23.2998,-40.7037,-10.592,8.8976,-14.9137,-49.2738,-17.3277,-27.0984,16.2296,55.7429,20.6143,27.9812,32.4307,0.0,61.4692,47.0881],"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":[54.5938,33.0965,77.7255,55.3066,52.2809,47.0781,82.5644,0.6742,47.8909,-21.469,-21.5808,0.0,53.3404,33.6791,52.4296,13.8207,11.2038,45.6511,59.991,-25.3512,60.2166,25.345,21.8238,-35.7729,-35.2576,-32.9744,-34.8985,-19.5109,-63.6929,-44.0957,-62.3595,-16.039,0.0,0.0,0.0,-51.3771,-18.5983,-29.5661,-2.7215,10.0724,-16.4714,-47.6896,-14.6263,-30.7922,25.4579,64.5761,8.3962,20.4282,27.0046,0.0,55.9665,47.4681],"force":[50.828,23.1667,88.7471,42.107,24.9261,32.3963,98.9362,34.8491,40.111,-76.8591,-54.384,0.0,43.8972,17.3078,52.3112,1.3001,7.7262,39.3683,38.7543,-50.5887,73.6264,8.5324,4.1736,-56.1639,-48.8146,-37.3213,-42.6425,-9.5002,-76.9014,-27.0964,-51.6158,-12.2379,0.0,0.0,0.0,-51.1611,-9.3778,-47.591,-14.2649,32.089,-16.2093,-64.2768,-2.8201,-14.1517,25.0402,46.8282,3.6923,7.527,16.4454,0.0,77.5837,29.7869],"direction":[48.4287,56.3545,67.1392,68.8504,68.1454,68.4949,74.4279,70.9422,71.3738,-42.3824,-5.3312,0.0,13.0031,36.8621,52.3512,48.3639,34.0595,40.9079,45.7103,-6.0537,50.8395,47.0753,21.7963,-3.5062,-38.1849,-47.3884,-52.3151,-49.5551,-60.6753,-60.7069,-64.24,-57.4816,0.0,0.0,0.0,-23.7671,-38.6172,-48.5128,-37.3419,9.0104,-12.2081,-40.3678,-34.8062,-32.1247,0.6104,52.0156,51.9397,51.2233,50.05,0.0,56.2476,59.0116],"intensity":[90.3846,46.1538,92.3077,80.7692,3.8462,32.6923,98.0769,100.0,21.1538,92.3077,88.4615,3.8462,63.4615,25.0,34.6154,11.5385,7.6923,11.5385,38.4615,75.0,86.5385,78.8462,82.6923,63.4615,42.3077,78.8462,30.7692,46.1538,73.0769,63.4615,30.7692,11.5385,42.3077,21.1538,17.3077,55.7692,48.0769,57.6923,46.1538,7.6923,23.0769,88.4615,57.6923,7.6923,38.4615,96.1538,30.7692,7.6923,1.9231,7.6923,80.7692,78.8462],"confirmation":[84.4107,80.0126,92.9186,85.7348,83.5043,83.7834,95.299,11.3563,85.0001,37.6758,54.0049,2.0548,79.759,77.3706,84.7565,52.105,50.9855,81.4322,83.4086,54.0793,87.6995,76.6349,50.4313,55.5139,81.0408,80.553,81.8513,76.3804,89.4688,82.0692,87.0096,31.8142,30.29,25.8428,25.2014,81.4726,75.1033,81.4048,5.795,28.125,72.7881,84.249,50.9069,76.2206,50.7849,85.4314,52.163,53.779,77.9733,4.9019,88.2451,90.5351],"persistence":[37.5,62.5,62.5,62.5,62.5,87.5,100.0,100.0,100.0,75.0,50.0,37.5,37.5,37.5,37.5,37.5,37.5,62.5,87.5,75.0,75.0,75.0,75.0,50.0,25.0,0.0,25.0,25.0,50.0,75.0,100.0,100.0,87.5,75.0,62.5,62.5,62.5,62.5,62.5,37.5,50.0,62.5,75.0,75.0,50.0,25.0,0.0,0.0,25.0,37.5,62.5,87.5],"assessmentRisk":[15.3894,30.3476,11.6045,21.5829,24.398,24.5157,8.0713,41.3921,22.7617,34.8762,37.2469,46.9171,62.0947,9.6619,21.6801,36.6178,20.4086,14.8257,9.5152,5.0088,17.3791,29.9806,2.957,24.283,29.7754,30.3781,28.4527,35.3033,16.722,26.5561,19.4577,37.0191,15.1285,43.1972,47.5039,43.3626,29.7693,29.242,43.3449,6.3499,16.14,13.7798,31.6648,32.2016,9.8578,22.0993,39.6147,35.8825,33.3927,10.4338,17.0163,25.4364],"volumeParticipation":true,"latest":{"consensus":47.1,"control":47.5,"force":29.8,"direction":59.0,"confirmation":90.5,"persistence":87.5,"assessmentRisk":25.4,"intensity":78.8,"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 strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+47.1","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+47.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+29.8","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+59.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"91/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"65.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.8%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"19.4","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"93%","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 upward.","series":[{"label":"Close","values":[1822.5,1873.5,1860.0,1800.0,1715.0,1622.0,1587.5,1604.0,1563.5,1593.5,1548.5,1592.0,1450.0,1483.5,1526.0,1549.0,1438.5,1462.0,1507.5,1549.0,1607.5,1509.5,1503.0,1424.5,1385.0,1504.0,1583.0,1608.5,1659.5,1414.0,1363.5,1364.0,1251.5,1225.0,1291.5,1347.0,1421.5,1319.0,1321.0,1360.0,1379.5,1445.5,1481.0,1377.0,1309.5,1298.5,1378.0,1419.5,1490.5,1387.0,1382.0,1497.5,1570.0,1588.0,1751.5,1800.0,1807.5,1840.5,2100.0,2044.0,2095.0,1910.5,1838.0,1847.5,1953.5,1968.0,2039.0,2032.0,2015.0,2058.0,2123.0,2007.0,2182.0,2185.0,2130.0,2022.0,1958.0,1904.5,1853.5,1848.5,1728.5,1702.5,1637.0,1682.5,1758.5,1790.0,1804.0,1711.0,1694.0,1641.5,1684.0,1723.5,1704.0,1583.5,1619.0,1636.5,1702.0,1868.5,1868.5,1869.0,1878.5,1858.5,1999.0,2027.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[1856.8198,1859.8526,1859.8794,1848.9922,1824.63,1787.7882,1751.3721,1724.5772,1695.2904,1676.7831,1653.4589,1642.2845,1607.3237,1584.8103,1574.1175,1569.5507,1545.7233,1530.5009,1526.3189,1530.4427,1544.4532,1538.098,1531.7166,1512.2227,1489.0913,1491.8019,1508.3834,1526.5864,1550.7525,1525.8884,1496.3633,1472.2972,1432.1523,1394.4882,1375.7631,1370.5334,1379.8001,1368.7455,1360.0645,1360.0528,1363.5886,1378.4816,1397.1213,1393.4629,1378.1969,1363.7066,1366.3054,1375.9771,1396.7995,1395.0177,1392.6509,1411.7144,1440.4936,1467.3129,1518.9833,1570.0772,1613.245,1654.5641,1735.5524,1791.6338,1846.7913,1858.3747,1854.6702,1853.3665,1871.5726,1889.1049,1916.3585,1937.3843,1951.4962,1970.8605,1998.5223,2000.0637,2033.143,2060.7534,2073.3437,2064.0084,2044.7342,2019.2371,1989.103,1963.5389,1920.8045,1881.1128,1836.7286,1808.6871,1799.5622,1797.8236,1798.9466,1782.9563,1766.7824,1744.0038,1733.094,1731.3496,1726.377,1700.3993,1685.5995,1676.6723,1681.2773,1715.3178,1743.1691,1766.0475,1786.4934,1799.5855,1835.8427,1870.5986],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[1932.693,1928.3083,1923.2484,1914.1189,1899.3694,1878.8235,1857.244,1838.4852,1818.1159,1801.4777,1782.7386,1768.6098,1745.0091,1725.638,1710.85,1698.8611,1679.5751,1663.4585,1651.906,1644.2833,1641.5586,1631.7765,1622.2375,1607.5903,1591.1021,1584.6501,1584.5279,1586.3036,1591.7255,1578.5607,1562.6303,1547.9169,1525.9601,1503.6668,1487.9507,1477.5099,1473.361,1461.9269,1451.4879,1444.711,1439.8805,1440.2968,1443.3118,1438.3999,1428.8517,1419.196,1416.1445,1416.393,1421.8824,1419.2986,1416.5357,1422.5331,1433.4565,1444.9042,1467.615,1492.2361,1515.589,1539.6565,1581.1634,1615.4476,1650.97,1670.1944,1682.6245,1694.8375,1713.9977,1732.8127,1755.4932,1775.9752,1793.6807,1813.2599,1836.2036,1848.8552,1873.5326,1896.6043,1913.8928,1921.9008,1924.5748,1923.0878,1917.9331,1912.7899,1899.1388,1884.573,1866.2342,1852.6243,1845.6521,1841.5298,1838.7498,1829.2868,1819.2656,1806.0978,1797.0535,1791.6051,1785.1158,1770.1813,1758.9827,1749.9099,1746.361,1755.4083,1763.7855,1771.5792,1779.4992,1785.3511,1801.177,1817.9046],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[2097.3978,2073.0364,2058.782,2052.2613,2028.1659,2026.931,2013.0255,2012.3201,2009.3781,1997.3538,2000.4001,1998.4261,2014.2824,2019.8616,2008.5771,1989.0755,1957.4492,1921.7689,1901.1225,1871.6572,1841.8333,1790.5295,1730.8534,1682.5947,1658.1599,1644.8315,1644.1323,1644.9821,1662.8194,1657.9185,1662.1859,1657.1583,1678.1933,1695.944,1695.8629,1686.9503,1686.3795,1685.7644,1679.9305,1666.3738,1640.2681,1633.263,1630.5118,1628.3704,1628.3445,1617.1422,1589.0312,1552.8217,1500.3069,1497.443,1498.6613,1517.5273,1547.2669,1570.8739,1644.7585,1717.9382,1778.7891,1836.366,1955.534,2036.3138,2116.3822,2150.9677,2172.1012,2187.771,2206.839,2217.7719,2239.373,2255.2521,2268.1258,2264.6542,2254.2808,2233.0671,2239.8574,2235.3679,2239.4762,2232.6973,2221.778,2215.5871,2212.5688,2213.4514,2220.1301,2237.3484,2259.5023,2271.5469,2272.6523,2269.963,2258.9719,2250.7262,2242.4808,2228.3812,2194.9576,2176.507,2116.6126,2048.6621,1978.122,1927.0918,1884.8003,1875.516,1878.9582,1883.5118,1905.0058,1921.1868,1965.9602,2011.3083],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[1712.1522,1717.1636,1716.818,1707.8887,1697.3841,1660.519,1629.0745,1597.5299,1563.1219,1541.4962,1510.0499,1490.6239,1445.2676,1412.5384,1391.8729,1379.3745,1360.5508,1350.7811,1341.6775,1343.0928,1351.4167,1366.3205,1390.2966,1401.0053,1392.4401,1393.9685,1394.2177,1393.8179,1385.5806,1372.5315,1349.7641,1331.9917,1291.1067,1247.506,1224.1371,1212.8497,1211.7205,1198.0356,1185.2195,1179.8762,1183.1819,1183.787,1184.3382,1181.7296,1174.2055,1164.8578,1172.4688,1189.7783,1225.3931,1225.557,1226.1887,1220.6727,1222.7831,1235.4761,1207.5915,1179.7118,1157.4609,1152.034,1110.766,1098.3862,1089.8678,1101.7823,1116.3488,1147.729,1193.061,1249.0781,1293.577,1338.9479,1378.5242,1449.0958,1533.5692,1605.7329,1660.1426,1724.3321,1758.0738,1787.0527,1813.022,1825.6129,1803.9812,1783.5486,1740.2199,1702.2016,1659.9477,1631.4031,1610.7977,1595.687,1583.1781,1559.3238,1535.4692,1507.9188,1497.4424,1487.543,1499.6374,1507.4379,1526.878,1539.3582,1556.0497,1561.734,1559.7918,1557.2882,1550.7942,1550.2132,1541.6398,1530.7417],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"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"]},{"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":[-67.9368,-62.207,-58.0858,-58.9813,-65.7914,-77.7959,-89.0668,-95.566,-102.7997,-104.9024,-108.9442,-107.3991,-116.2924,-119.2623,-116.8398,-111.7756,-115.3489,-114.9593,-109.7144,-101.0443,-88.4333,-85.3628,-82.5028,-85.584,-90.1737,-83.2492,-70.5732,-57.8035,-43.0716,-50.6228,-59.9905,-66.6063,-80.005,-91.7047,-94.5213,-91.2235,-81.6571,-81.4082,-80.1259,-75.097,-68.7456,-57.7211,-45.594,-43.8693,-47.4028,-50.5085,-46.0243,-38.6759,-26.8141,-25.4715,-24.5282,-14.2959,-0.3328,12.0466,34.6511,55.8352,72.3944,87.1756,118.4638,137.16,154.3134,151.2761,141.3891,132.7894,132.9943,132.7959,136.791,137.8037,135.6707,135.8835,139.687,131.8215,138.1169,141.7145,138.5308,125.8423,109.3616,90.9354,71.3941,54.8716,31.7286,11.161,-10.3055,-23.3769,-27.2889,-27.5301,-26.2885,-32.435,-38.2371,-46.5352,-49.1159,-47.4272,-47.1191,-55.9533,-59.4052,-60.0366,-54.6221,-36.4754,-21.8422,-10.0887,-0.0073,6.2959,22.3705,36.9432],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[-74.4127,-71.9716,-69.1944,-67.1518,-66.8797,-69.0629,-73.0637,-77.5642,-82.6113,-87.0695,-91.4444,-94.6354,-98.9668,-103.0259,-105.7887,-106.9861,-108.6586,-109.9188,-109.8779,-108.1112,-104.1756,-100.413,-96.831,-94.5816,-93.7,-91.6098,-87.4025,-81.4827,-73.8005,-69.1649,-67.3301,-67.1853,-69.7492,-74.1403,-78.2165,-80.8179,-80.9858,-81.0703,-80.8814,-79.7245,-77.5287,-73.5672,-67.9726,-63.1519,-60.0021,-58.1034,-55.6876,-52.2852,-47.191,-42.8471,-39.1833,-34.2058,-27.4312,-19.5357,-8.6983,4.2084,17.8456,31.7116,49.062,66.6816,84.208,97.6216,106.3751,111.6579,115.9252,119.2994,122.7977,125.7989,127.7732,129.3953,131.4536,131.5272,132.8451,134.619,135.4014,133.4896,128.664,121.1182,111.1734,99.9131,86.2762,71.2531,54.9414,39.2778,25.9644,15.2655,6.9547,-0.9232,-8.386,-16.0159,-22.6359,-27.5941,-31.4991,-36.39,-40.993,-44.8017,-46.7658,-44.7077,-40.1346,-34.1254,-27.3018,-20.5823,-11.9917,-2.2047],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[6.4759,9.7646,11.1086,8.1705,1.0883,-8.733,-16.0031,-18.0019,-20.1884,-17.8329,-17.4997,-12.7638,-17.3256,-16.2365,-11.0512,-4.7895,-6.6903,-5.0406,0.1635,7.0669,15.7423,15.0503,14.3282,8.9976,3.5263,8.3607,16.8293,23.6792,30.7289,18.5422,7.3396,0.579,-10.2557,-17.5644,-16.3048,-10.4056,-0.6714,-0.3379,0.7555,4.6275,8.7831,15.8461,22.3786,19.2826,12.5993,7.5949,9.6633,13.6093,20.3769,17.3756,14.6551,19.9099,27.0984,31.5823,43.3494,51.6268,54.5488,55.464,69.4017,70.4784,70.1054,53.6545,35.014,21.1314,17.0691,13.4966,13.9933,12.0048,7.8974,6.4882,8.2334,0.2943,5.2718,7.0955,3.1294,-7.6473,-19.3023,-30.1829,-39.7793,-45.0415,-54.5475,-60.0921,-65.2469,-62.6546,-53.2534,-42.7956,-33.2432,-31.5118,-29.8511,-30.5194,-26.4801,-19.833,-15.62,-19.5634,-18.4122,-15.2349,-7.8563,8.2323,18.2924,24.0367,27.2945,26.8781,34.3622,39.148],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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":[-44.3851,-42.8288,-43.2408,-45.0717,-47.6655,-50.5035,-51.5563,-51.0528,-52.2887,-51.3732,-52.7464,-51.419,-55.7522,-54.7299,-53.433,-52.7312,-56.1031,-55.386,-53.9976,-52.7312,-50.946,-53.9365,-54.1349,-56.5304,-57.7357,-54.1044,-51.6936,-50.9155,-49.3592,-56.8508,-58.3918,-58.3766,-61.8096,-62.6182,-60.589,-58.8953,-56.6219,-59.7498,-59.6887,-58.4986,-57.9036,-55.8895,-54.8062,-57.9799,-60.0397,-60.3753,-57.9493,-56.6829,-54.5163,-57.6747,-57.8273,-54.3027,-52.0903,-51.541,-46.5517,-45.0717,-44.8428,-43.8358,-35.917,-37.6259,-36.0696,-41.6997,-43.9121,-43.6222,-40.3875,-39.9451,-37.7785,-37.9921,-38.5108,-37.1987,-35.2151,-38.755,-33.4147,-33.3232,-35.0015,-38.2972,-40.2502,-41.8828,-43.4391,-43.5917,-47.2536,-48.047,-50.0458,-48.6573,-46.3381,-45.3769,-44.9496,-47.7876,-48.3064,-49.9085,-48.6115,-47.4062,-48.0012,-51.6784,-50.5951,-50.061,-48.0623,-42.9814,-42.9814,-42.9661,-42.6762,-43.2865,-38.9991,-38.1446],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[4.4413,7.3639,6.5903,3.1519,0.0,0.0,0.0,1.0394,0.0,1.9188,0.0,2.8092,0.0,2.3103,5.2414,6.8276,0.0,1.6336,4.7967,7.6816,11.7483,4.9357,4.4838,0.0,0.0,8.5921,14.296,16.1372,19.8195,2.0939,0.0,0.0367,0.0,0.0,5.4286,9.9592,16.0408,7.6735,7.8367,11.0204,12.6122,18.0,20.898,12.4082,6.898,6.0,12.4898,15.8776,21.6735,13.2245,12.8163,22.2449,28.1633,29.6327,42.9796,46.9388,47.551,50.2449,71.4286,58.2656,61.34,47.1313,41.5479,42.2796,50.4428,51.5595,57.0273,56.4883,55.1791,58.4906,63.4963,45.6459,57.8871,58.1042,54.1245,46.3097,30.7513,21.3057,16.7191,5.5381,0.0,0.0,0.0,2.7795,7.4221,9.3464,10.2016,4.5205,3.482,0.2749,2.8711,5.2841,4.0929,0.0,2.2419,3.347,7.4834,17.9981,17.9981,18.0297,18.6296,17.3666,26.2393,28.0076],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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":[27.3958,38.0208,35.2083,24.4395,5.3812,6.0773,4.5536,7.7922,6.0036,11.3799,5.5993,13.3624,0.0,8.8832,16.0745,21.6912,1.3787,10.0,17.9825,25.2632,35.5263,18.3333,17.193,12.3275,5.1354,32.699,46.3668,50.7785,59.6021,19.604,12.6467,17.1812,0.9412,13.1911,26.0912,36.8574,51.3094,31.4258,31.8138,39.3792,43.162,55.9651,62.8516,42.677,29.5829,27.4491,42.871,50.9214,64.6945,44.6169,43.6469,66.0524,80.1164,83.6081,96.9821,95.048,96.1567,94.7332,100.0,89.356,93.8851,74.4333,66.7897,67.7912,77.2779,78.9294,87.0159,86.2187,84.2825,89.18,96.5831,83.0035,95.6965,92.1739,86.1957,74.4565,67.5,54.7206,42.6031,37.2504,1.215,3.649,0.4016,7.7108,19.9197,24.9799,27.2289,12.2892,9.5582,13.4318,19.4093,24.9648,22.2222,9.5973,14.3624,16.7114,25.5034,47.8523,47.8523,54.9231,56.3846,56.9901,87.9061,92.9603],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-16.0525,-13.7034,-14.3252,-15.7698,-19.7473,-23.9212,-25.1885,-23.6554,-25.1197,-23.683,-25.8381,-23.7548,-29.8839,-26.632,-24.5302,-21.5696,-27.1646,-25.9747,-23.6709,-21.5696,-18.6076,-23.5696,-23.8987,-25.0658,-26.8357,-20.5494,-16.3761,-15.0291,-12.3349,-22.3077,-19.7233,-18.4454,-25.1719,-26.7564,-22.7803,-19.4619,-15.0075,-21.136,-21.0164,-18.6846,-17.5187,-13.5725,-11.4499,-17.6682,-21.704,-22.3617,-17.6084,-15.1271,-10.8819,-17.0703,-17.3692,-10.4634,-6.1286,-5.0523,-1.0452,-1.8271,-1.4181,-2.0229,0.0,-4.6642,-2.6939,-11.2634,-14.6307,-14.1895,-9.2661,-8.5927,-5.2949,-5.6201,-6.4097,-4.4124,-1.3934,-6.7812,-1.7117,-3.1901,-5.6269,-10.4121,-13.2477,-15.6181,-17.8777,-18.0992,-23.416,-24.568,-27.4701,-25.4541,-22.0868,-20.6912,-20.0709,-24.1914,-24.9446,-27.2707,-25.3877,-23.6376,-24.5016,-29.8405,-28.2676,-27.4922,-24.5902,-17.2131,-17.2131,-13.5523,-13.1129,-12.3349,-3.243,-1.8877],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[7.7765,10.7924,9.9941,6.4459,1.4193,2.0768,1.6325,2.6889,2.1895,4.1503,2.1101,5.0478,0.0,3.6688,6.6387,8.246,0.5241,4.0569,7.2954,10.2491,14.4128,7.4377,6.9751,4.9355,2.0258,14.3726,20.3802,22.3194,26.1977,7.5285,3.6882,4.9231,0.3206,5.8773,11.6249,16.4218,22.8608,14.0017,14.1746,17.5454,19.2308,24.9352,28.0035,19.0147,13.1806,12.2299,19.1011,22.688,28.8245,19.879,19.4468,29.4296,35.6958,37.2515,51.3829,55.5748,56.223,59.0752,81.5039,69.697,73.9311,58.6135,52.5944,53.3831,53.2157,54.3529,59.9216,59.3725,58.0392,61.4118,66.5098,55.1005,63.2012,63.4256,59.3119,51.2341,46.4473,28.813,19.2728,15.0996,0.3775,1.2489,0.153,2.9367,7.5864,9.5136,10.3701,4.6803,3.6403,6.1772,8.9263,11.4812,10.2199,4.7288,7.0767,8.2341,12.5661,23.578,23.578,23.6111,24.2394,22.9167,32.209,34.0608],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"relative","eyebrow":"Relative leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative strength","values":[-17.9376,-15.5336,-13.8368,-19.1443,-20.0395,-22.4739,-21.4427,-20.9831,-22.0228,-19.1782,-20.5135,-15.2286,-20.3349,-18.8789,-16.2816,-14.4226,-18.9562,-12.5818,-12.1067,-9.5621,-4.2022,-7.7087,-9.1281,-13.7404,-16.5246,-8.8436,-5.813,-5.1052,0.2893,-11.9955,-13.7688,-10.8254,-7.7142,-8.8564,-7.1448,-4.0758,-4.8073,-9.9175,-12.7133,-9.753,-8.5165,-6.4495,-4.1931,-6.9518,-10.1615,-10.8126,-5.4403,-2.3665,-0.2838,1.8697,-0.3514,9.1385,10.35,14.7978,26.3258,29.7886,28.9976,33.4338,45.204,39.5677,41.8685,28.2355,23.9293,24.1912,27.4844,29.164,29.0177,26.1222,21.4366,23.7298,25.5304,17.6117,21.9651,19.2376,17.0312,11.3287,10.3773,9.303,5.6361,10.0861,5.015,4.5331,2.8003,4.2704,3.9874,2.6851,1.326,-1.2106,-3.5317,-6.4111,-5.5913,-4.7138,-6.044,-11.44,-10.3702,-8.2387,-7.8973,-4.3742,-3.4906,-5.3029,-1.4848,-3.3633,3.1809,1.4006],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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":[5.886,5.5551,5.4127,5.6519,5.9457,6.3924,6.4158,6.1344,6.2481,5.9391,6.0996,5.9488,7.0599,6.6604,6.3705,6.0282,6.7004,6.5689,6.188,5.8826,5.6346,6.5088,6.4953,7.1811,7.16,7.089,6.7279,6.4325,6.065,8.1856,8.2884,8.2644,9.0288,9.3233,8.7812,8.2608,7.6833,8.5472,8.7304,8.5256,8.0584,7.5612,7.1277,7.7409,7.9731,7.7248,7.4434,7.1198,7.008,7.714,7.8505,7.5097,7.1927,6.9068,6.557,6.3472,6.1579,5.9726,6.1021,6.2024,6.0283,6.9589,7.0801,6.9272,6.5496,6.3291,6.0577,6.0733,6.0522,5.8565,5.5475,5.9918,5.841,5.825,6.2494,6.6076,6.9873,7.1787,7.5796,7.4282,8.1245,8.1481,8.3008,7.8773,7.3621,7.1149,6.9395,7.2157,7.1028,7.8899,7.5529,7.3873,7.2378,8.0983,7.5557,7.1462,6.6741,6.2912,6.1438,5.9595,5.8614,5.9125,5.9851,5.7786],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[20.2253,18.7786,18.1144,18.317,17.7575,19.8735,21.084,22.981,24.9829,25.763,27.9366,29.1083,32.8953,35.3877,36.2719,36.2007,35.9794,34.8956,34.5038,32.8837,30.7158,26.8755,21.8225,18.2637,17.4208,16.5107,16.4507,16.5305,18.1891,18.8346,20.7455,21.7565,26.0726,30.4702,32.31,32.6989,32.7566,33.8254,34.533,34.1852,32.3778,31.9111,31.7014,31.7882,32.409,32.5151,30.1693,26.4744,20.172,19.9696,19.9991,21.6825,23.428,23.9028,30.6531,37.1492,42.3212,45.7992,55.1001,59.8416,64.0321,64.5107,64.2097,62.362,59.6358,55.8832,53.5414,50.9879,48.7901,43.921,38.0539,32.6839,29.729,25.8118,24.0849,22.1728,20.2615,19.2999,20.3452,21.5113,24.2357,27.1679,30.5938,32.8031,34.0859,34.8855,35.1779,36.2936,37.4283,38.5656,37.7811,37.6067,34.1224,30.4392,25.7486,22.3706,19.1087,18.2577,18.5629,18.9621,20.4995,21.3731,24.1943,27.1349],"stroke":"#b87806","width":1.7}],"guides":[],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/1a591078-2b4b-4c42-9ccb-8d5fba81165f/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/1a591078-2b4b-4c42-9ccb-8d5fba81165f/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/1a591078-2b4b-4c42-9ccb-8d5fba81165f/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/1a591078-2b4b-4c42-9ccb-8d5fba81165f/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/1a591078-2b4b-4c42-9ccb-8d5fba81165f/technical-pack/data.json"},"source_fingerprint":"8f8c5e3571cb93fa62096e5badb61664a36a2705ca5c7a563684556c05d2460d","content_hash":"f2882cb3efc0a197372fdd200e390670119a29199cee2ff3f444bde5e61ce23a","citation":"Sharemaestro, GMAB Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/1a591078-2b4b-4c42-9ccb-8d5fba81165f/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."}