{"schema_version":"1.0","name":"ELV Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"299b8d3c-6a0d-4798-8b63-96b7d1aef76d","symbol":"ELV","name":"Elevance Health Inc","exchange":"NYSE","country":"US","asset_type":"equity","currency":"USD","sector":"Healthcare","industry":"Healthcare Plans"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Drawdown and recovery pressure, Activity pressure and cumulative balance, Strength versus the research benchmark, Range position and boundary pressure, Directional strength and control."},{"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 weakened this week and remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","take":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","tone":"caution","conflict":true},"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":[-0.714699,-0.396656,-0.245729,-0.065109,0.053156,-0.273,-0.466055,-0.785363,-1.003127,-1.040566,-1.045882,-1.010841,-1.037725,-1.084319,-1.140402,-1.171961,-1.17649,-1.129896,-1.178136,-1.26312,-1.211808,-1.07314,-0.613194,-0.168445,0.131009,0.273415,0.232837,0.313413,0.402792,0.662605,0.900666,0.976256,1.165546,1.263375,1.196764,1.220713,0.926214,0.53485,0.453157,0.083063,-0.068046,-0.132421,-0.461747,-0.559261,-0.647104,-0.771382,-0.797715,-0.818433,-0.876711,-0.959217,-1.001252,-0.98149,-0.870351,-0.712696,-0.574954,-0.424502,-0.298617,-0.163217,0.104787,0.331922,0.484922,0.716546,0.645568,0.548602,0.527542,0.300075,0.310703,0.331814,0.521115,0.729423,0.784357,0.853457,0.793443,0.784686,0.872358,0.922153,0.835689,0.77771,0.530986,0.189708,-0.177088,-0.567329,-0.842581,-1.018231,-1.096712,-1.07447,-0.955263,-0.611465,-0.159729,0.243088,0.741683,0.941797,0.975985,1.06293,1.040612,0.97219,1.014671,0.935833,0.810498,0.751251,0.423588,0.065447,-0.240821,-0.483314],"opens":[524.48804,527.196605,536.093421,525.721835,535.717369,522.588369,506.14328,475.69908,485.318636,413.98891,412.596733,401.217621,409.899391,386.71578,391.037328,395.213859,372.486057,369.651323,356.895017,358.72012,362.457698,373.777221,377.446843,393.299998,384.485139,380.912597,375.019844,373.854884,388.319797,398.558854,410.627532,415.277581,423.797795,410.822503,428.623317,411.056468,411.212444,401.941593,396.765124,395.078629,366.24248,372.696007,382.775985,376.872545,368.020623,373.083061,340.759836,330.723088,272.558909,282.771912,268.691089,288.852713,306.488014,309.729149,312.842989,309.053504,307.014969,307.192207,313.425063,348.478729,345.761085,343.41761,335.786545,313.041048,304.789652,320.494876,325.979396,331.631307,328.614886,355.318186,337.195969,344.77741,349.468797,371.055119,366.274655,367.53163,338.779559,330.970477,343.658999,336.443763,311.828823,284.0566,292.297289,292.605976,287.398118,298.829517,308.199679,320.069215,341.53794,369.817708,378.192104,388.348922,387.263536,389.16545,409.807689,402.56,389.11,393.16,416.44,422.46,376.42,378.8,375.84,395.31],"highs":[529.895531,537.471801,546.783095,534.576558,541.353752,524.212575,507.255088,488.750738,493.294648,421.143152,413.742379,418.987211,416.734592,393.222273,396.161313,398.647508,386.61119,373.583061,363.918752,363.894482,379.388442,386.795642,398.027792,403.357481,396.571593,386.727686,384.650175,391.387523,400.823694,416.77398,427.122043,425.689009,447.194264,447.213761,432.142536,422.047349,416.788603,409.428463,413.571588,402.575248,379.607714,384.238265,384.345499,377.07328,374.135695,392.196946,343.384079,339.153957,290.468385,289.058344,289.03876,305.508819,312.578606,313.440298,318.879725,314.340791,313.326598,324.000242,351.521308,359.270531,349.837551,350.32781,341.930783,318.141554,327.554841,331.316218,336.643193,334.073149,359.687907,359.772035,346.410488,353.279313,375.706917,379.072048,372.143838,374.558814,343.661473,343.292793,348.389976,342.469326,312.788875,294.537763,299.725706,298.610448,301.657493,318.456074,323.235753,349.304919,375.254593,377.624517,399.431803,406.272718,394.841319,414.796479,426.98,405.58,399.28,427.19,427.64,436.24,396.0,388.73,395.7,404.72],"lows":[518.598599,524.515029,516.42018,515.656488,517.722614,499.994499,473.881516,470.169045,384.762865,398.713927,392.149136,394.51777,385.19792,378.03401,384.801536,368.214539,364.331341,351.633284,355.62327,353.968057,362.122773,364.176014,368.699939,381.7669,377.553631,368.331035,366.962208,367.55925,381.359165,398.071427,410.627532,408.980031,415.589534,401.658886,380.192625,392.095579,396.326441,391.998094,348.461164,359.477001,359.55499,359.730463,368.852939,363.163816,362.106286,339.986272,330.586001,270.66309,268.691089,268.14274,268.015445,283.692356,302.111012,298.98738,297.83193,299.955003,299.659902,306.227246,311.16036,343.699319,337.470302,329.957396,309.210746,304.088776,296.193627,307.088818,318.821949,321.19398,319.726983,334.073325,335.523301,341.471664,348.677002,361.355626,360.840959,312.224721,324.467858,319.984316,334.315813,307.810462,278.613105,272.02131,286.482012,281.264196,282.070867,297.554936,305.003269,313.985082,341.53794,365.396505,371.585193,383.41928,382.673053,385.590649,393.35,387.08,381.2401,384.54,406.91,365.375,374.455,362.98,370.47,385.84],"closes":[526.251981,536.787431,522.348178,532.5463,521.930952,506.549332,475.728084,485.212289,416.463891,411.146549,400.2605,408.584557,387.382864,389.181093,393.444634,370.981318,370.272634,355.273782,360.234568,360.710259,370.020226,374.039336,389.251764,384.145359,379.990337,377.883702,373.854884,385.290902,397.50356,410.354574,416.447404,421.136446,418.104654,428.750047,413.854295,411.075965,399.670186,394.40598,393.14842,362.908484,374.187532,383.468131,376.549411,366.728086,373.553074,340.603165,333.582337,271.325124,283.085255,268.94568,287.873518,303.129375,309.964156,312.020465,307.114698,306.975583,308.895657,313.720459,345.12106,347.819011,343.41761,337.096134,312.332098,312.903197,320.829658,316.792578,333.068901,327.357911,355.387468,337.195969,346.291718,350.616901,369.006349,371.025427,367.254501,342.194177,335.503506,343.243306,339.412996,316.71816,286.669525,290.395375,290.24601,285.177558,299.466807,310.211127,321.682357,343.300447,371.102247,376.469428,391.017576,393.019067,391.525417,413.77084,404.07,388.5,395.18,417.89,416.23,373.11,377.68,375.84,394.2,400.32],"pressureRange":[-1.554749,1.554749],"priceRange":[268.94568,536.787431],"zones":{"accumulationBoundary":0.06,"distributionBoundary":0.94},"latest":-0.483314,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics weakened this week and remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"3 Oct 2025","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.32,"forwardCorrelation":-0.11,"directionalAgreement":46.3,"sample":255,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":3.0,"medianWeeksInZone":3,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":11.7,"averageReturn":11.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":28.2,"averageReturn":28.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":36.7,"averageReturn":36.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":4.3,"sample":1},{"week":2,"averageReturn":-0.9,"sample":1},{"week":3,"averageReturn":6.1,"sample":1},{"week":4,"averageReturn":11.7,"sample":1},{"week":5,"averageReturn":14.2,"sample":1},{"week":6,"averageReturn":15.0,"sample":1},{"week":7,"averageReturn":13.2,"sample":1},{"week":8,"averageReturn":13.1,"sample":1},{"week":9,"averageReturn":13.8,"sample":1},{"week":10,"averageReturn":15.6,"sample":1},{"week":11,"averageReturn":27.2,"sample":1},{"week":12,"averageReturn":28.2,"sample":1},{"week":13,"averageReturn":26.6,"sample":1},{"week":14,"averageReturn":24.2,"sample":1},{"week":15,"averageReturn":15.1,"sample":1},{"week":16,"averageReturn":15.3,"sample":1},{"week":17,"averageReturn":18.2,"sample":1},{"week":18,"averageReturn":16.8,"sample":1},{"week":19,"averageReturn":22.8,"sample":1},{"week":20,"averageReturn":20.7,"sample":1},{"week":21,"averageReturn":31.0,"sample":1},{"week":22,"averageReturn":24.3,"sample":1},{"week":23,"averageReturn":27.6,"sample":1},{"week":24,"averageReturn":29.2,"sample":1},{"week":25,"averageReturn":36.0,"sample":1},{"week":26,"averageReturn":36.7,"sample":1}]},"distribution":{"label":"Distribution","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"averageWeeksInZone":2.7,"medianWeeksInZone":1,"averageWeeksToLower":1.7,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"medianReturn":-2.1,"averageReturn":-1.0,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-2.6,"averageReturn":-8.2,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-27.9,"averageReturn":-28.4,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.2,"sample":3},{"week":2,"averageReturn":-0.1,"sample":3},{"week":3,"averageReturn":-3.2,"sample":3},{"week":4,"averageReturn":-1.0,"sample":3},{"week":5,"averageReturn":-1.3,"sample":3},{"week":6,"averageReturn":-2.0,"sample":3},{"week":7,"averageReturn":-3.9,"sample":3},{"week":8,"averageReturn":-2.9,"sample":3},{"week":9,"averageReturn":-8.7,"sample":3},{"week":10,"averageReturn":-8.3,"sample":3},{"week":11,"averageReturn":-7.9,"sample":3},{"week":12,"averageReturn":-8.2,"sample":3},{"week":13,"averageReturn":-9.8,"sample":3},{"week":14,"averageReturn":-11.6,"sample":3},{"week":15,"averageReturn":-10.0,"sample":3},{"week":16,"averageReturn":-16.7,"sample":3},{"week":17,"averageReturn":-16.5,"sample":3},{"week":18,"averageReturn":-18.8,"sample":3},{"week":19,"averageReturn":-18.9,"sample":3},{"week":20,"averageReturn":-22.2,"sample":3},{"week":21,"averageReturn":-20.9,"sample":3},{"week":22,"averageReturn":-24.7,"sample":3},{"week":23,"averageReturn":-25.5,"sample":3},{"week":24,"averageReturn":-26.6,"sample":3},{"week":25,"averageReturn":-27.3,"sample":3},{"week":26,"averageReturn":-28.4,"sample":3}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":24,"completedEpisodes":23,"activeEpisodes":1,"medianExpectedMove":7.1,"averageExpectedMove":7.5,"averageWeeksToLargestMove":7.8,"horizons":[{"weeks":4,"sample":24,"expectedCount":15,"expectedPercent":62.5,"averageReturn":0.7,"medianReturn":2.3,"confidenceLow":42.7,"confidenceHigh":78.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":23,"expectedCount":16,"expectedPercent":69.6,"averageReturn":2.4,"medianReturn":3.4,"confidenceLow":49.1,"confidenceHigh":84.4,"confidence":"Mixed historical record"},{"weeks":26,"sample":22,"expectedCount":13,"expectedPercent":59.1,"averageReturn":-1.3,"medianReturn":2.9,"confidenceLow":38.7,"confidenceHigh":76.7,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":24},{"week":2,"averageReturn":0.4,"sample":24},{"week":3,"averageReturn":-0.3,"sample":24},{"week":4,"averageReturn":0.7,"sample":24},{"week":5,"averageReturn":1.1,"sample":24},{"week":6,"averageReturn":2.1,"sample":24},{"week":7,"averageReturn":2.5,"sample":24},{"week":8,"averageReturn":3.1,"sample":23},{"week":9,"averageReturn":3.2,"sample":23},{"week":10,"averageReturn":2.1,"sample":23},{"week":11,"averageReturn":2.2,"sample":23},{"week":12,"averageReturn":2.4,"sample":23},{"week":13,"averageReturn":2.0,"sample":23},{"week":14,"averageReturn":1.7,"sample":23},{"week":15,"averageReturn":1.7,"sample":22},{"week":16,"averageReturn":2.4,"sample":22},{"week":17,"averageReturn":0.7,"sample":22},{"week":18,"averageReturn":0.1,"sample":22},{"week":19,"averageReturn":0.3,"sample":22},{"week":20,"averageReturn":-1.0,"sample":22},{"week":21,"averageReturn":-0.6,"sample":22},{"week":22,"averageReturn":-0.7,"sample":22},{"week":23,"averageReturn":0.1,"sample":22},{"week":24,"averageReturn":-0.6,"sample":22},{"week":25,"averageReturn":-1.2,"sample":22},{"week":26,"averageReturn":-1.3,"sample":22}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":20,"completedEpisodes":19,"activeEpisodes":1,"medianExpectedMove":5.4,"averageExpectedMove":8.6,"averageWeeksToLargestMove":6.7,"horizons":[{"weeks":4,"sample":19,"expectedCount":5,"expectedPercent":26.3,"averageReturn":1.0,"medianReturn":1.6,"confidenceLow":11.8,"confidenceHigh":48.8,"confidence":"Historically adverse"},{"weeks":12,"sample":19,"expectedCount":8,"expectedPercent":42.1,"averageReturn":0.4,"medianReturn":0.7,"confidenceLow":23.1,"confidenceHigh":63.7,"confidence":"Mixed historical record"},{"weeks":26,"sample":18,"expectedCount":11,"expectedPercent":61.1,"averageReturn":-2.9,"medianReturn":-3.9,"confidenceLow":38.6,"confidenceHigh":79.7,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":20},{"week":2,"averageReturn":0.9,"sample":19},{"week":3,"averageReturn":-0.0,"sample":19},{"week":4,"averageReturn":1.0,"sample":19},{"week":5,"averageReturn":0.5,"sample":19},{"week":6,"averageReturn":0.5,"sample":19},{"week":7,"averageReturn":-0.3,"sample":19},{"week":8,"averageReturn":-0.5,"sample":19},{"week":9,"averageReturn":-0.9,"sample":19},{"week":10,"averageReturn":-0.3,"sample":19},{"week":11,"averageReturn":0.0,"sample":19},{"week":12,"averageReturn":0.4,"sample":19},{"week":13,"averageReturn":0.4,"sample":19},{"week":14,"averageReturn":0.3,"sample":19},{"week":15,"averageReturn":-0.6,"sample":19},{"week":16,"averageReturn":-1.5,"sample":19},{"week":17,"averageReturn":-1.4,"sample":19},{"week":18,"averageReturn":-1.3,"sample":19},{"week":19,"averageReturn":-2.2,"sample":19},{"week":20,"averageReturn":-1.2,"sample":19},{"week":21,"averageReturn":-1.1,"sample":19},{"week":22,"averageReturn":-1.3,"sample":19},{"week":23,"averageReturn":-1.8,"sample":19},{"week":24,"averageReturn":-4.0,"sample":18},{"week":25,"averageReturn":-4.2,"sample":18},{"week":26,"averageReturn":-2.9,"sample":18}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":22,"completedEpisodes":21,"activeEpisodes":1,"medianExpectedMove":6.0,"averageExpectedMove":7.4,"averageWeeksToLargestMove":6.9,"horizons":[{"weeks":4,"sample":21,"expectedCount":11,"expectedPercent":52.4,"averageReturn":0.8,"medianReturn":-0.0,"confidenceLow":32.4,"confidenceHigh":71.7,"confidence":"Mixed historical record"},{"weeks":12,"sample":21,"expectedCount":10,"expectedPercent":47.6,"averageReturn":1.3,"medianReturn":1.9,"confidenceLow":28.3,"confidenceHigh":67.6,"confidence":"Mixed historical record"},{"weeks":26,"sample":20,"expectedCount":12,"expectedPercent":60.0,"averageReturn":-2.7,"medianReturn":-2.1,"confidenceLow":38.7,"confidenceHigh":78.1,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.4,"sample":21},{"week":2,"averageReturn":1.0,"sample":21},{"week":3,"averageReturn":1.2,"sample":21},{"week":4,"averageReturn":0.8,"sample":21},{"week":5,"averageReturn":1.0,"sample":21},{"week":6,"averageReturn":1.1,"sample":21},{"week":7,"averageReturn":1.9,"sample":21},{"week":8,"averageReturn":1.6,"sample":21},{"week":9,"averageReturn":2.7,"sample":21},{"week":10,"averageReturn":2.0,"sample":21},{"week":11,"averageReturn":0.7,"sample":21},{"week":12,"averageReturn":1.3,"sample":21},{"week":13,"averageReturn":0.9,"sample":21},{"week":14,"averageReturn":0.4,"sample":21},{"week":15,"averageReturn":0.4,"sample":21},{"week":16,"averageReturn":0.6,"sample":21},{"week":17,"averageReturn":1.2,"sample":21},{"week":18,"averageReturn":-0.3,"sample":21},{"week":19,"averageReturn":-0.4,"sample":21},{"week":20,"averageReturn":-1.7,"sample":20},{"week":21,"averageReturn":-2.2,"sample":20},{"week":22,"averageReturn":-2.6,"sample":20},{"week":23,"averageReturn":-2.2,"sample":20},{"week":24,"averageReturn":-1.7,"sample":20},{"week":25,"averageReturn":-1.0,"sample":20},{"week":26,"averageReturn":-2.7,"sample":20}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":24,"completedEpisodes":22,"activeEpisodes":2,"medianExpectedMove":7.3,"averageExpectedMove":7.8,"averageWeeksToLargestMove":7.9,"horizons":[{"weeks":4,"sample":24,"expectedCount":13,"expectedPercent":54.2,"averageReturn":1.0,"medianReturn":1.0,"confidenceLow":35.1,"confidenceHigh":72.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":22,"expectedCount":15,"expectedPercent":68.2,"averageReturn":2.0,"medianReturn":4.1,"confidenceLow":47.3,"confidenceHigh":83.6,"confidence":"Mixed historical record"},{"weeks":26,"sample":22,"expectedCount":15,"expectedPercent":68.2,"averageReturn":1.2,"medianReturn":6.6,"confidenceLow":47.3,"confidenceHigh":83.6,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":24},{"week":2,"averageReturn":0.5,"sample":24},{"week":3,"averageReturn":2.2,"sample":24},{"week":4,"averageReturn":1.0,"sample":24},{"week":5,"averageReturn":0.8,"sample":23},{"week":6,"averageReturn":0.8,"sample":23},{"week":7,"averageReturn":1.1,"sample":23},{"week":8,"averageReturn":1.5,"sample":23},{"week":9,"averageReturn":1.5,"sample":22},{"week":10,"averageReturn":2.0,"sample":22},{"week":11,"averageReturn":1.2,"sample":22},{"week":12,"averageReturn":2.0,"sample":22},{"week":13,"averageReturn":0.8,"sample":22},{"week":14,"averageReturn":1.9,"sample":22},{"week":15,"averageReturn":2.5,"sample":22},{"week":16,"averageReturn":1.5,"sample":22},{"week":17,"averageReturn":1.2,"sample":22},{"week":18,"averageReturn":1.4,"sample":22},{"week":19,"averageReturn":-0.0,"sample":22},{"week":20,"averageReturn":1.0,"sample":22},{"week":21,"averageReturn":-0.5,"sample":22},{"week":22,"averageReturn":-0.1,"sample":22},{"week":23,"averageReturn":-0.1,"sample":22},{"week":24,"averageReturn":0.7,"sample":22},{"week":25,"averageReturn":1.5,"sample":22},{"week":26,"averageReturn":1.2,"sample":22}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":26.4,"averageExpectedMove":26.4,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-0.8,"medianReturn":-0.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-26.4,"medianReturn":-26.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-29.0,"medianReturn":-29.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.0,"sample":1},{"week":2,"averageReturn":-0.7,"sample":1},{"week":3,"averageReturn":1.2,"sample":1},{"week":4,"averageReturn":-0.8,"sample":1},{"week":5,"averageReturn":-3.7,"sample":1},{"week":6,"averageReturn":-9.6,"sample":1},{"week":7,"averageReturn":-7.8,"sample":1},{"week":8,"averageReturn":-20.9,"sample":1},{"week":9,"averageReturn":-21.9,"sample":1},{"week":10,"averageReturn":-23.9,"sample":1},{"week":11,"averageReturn":-22.4,"sample":1},{"week":12,"averageReturn":-26.4,"sample":1},{"week":13,"averageReturn":-26.0,"sample":1},{"week":14,"averageReturn":-25.2,"sample":1},{"week":15,"averageReturn":-29.5,"sample":1},{"week":16,"averageReturn":-29.6,"sample":1},{"week":17,"averageReturn":-32.5,"sample":1},{"week":18,"averageReturn":-31.5,"sample":1},{"week":19,"averageReturn":-31.5,"sample":1},{"week":20,"averageReturn":-29.7,"sample":1},{"week":21,"averageReturn":-28.9,"sample":1},{"week":22,"averageReturn":-26.0,"sample":1},{"week":23,"averageReturn":-27.0,"sample":1},{"week":24,"averageReturn":-27.8,"sample":1},{"week":25,"averageReturn":-28.2,"sample":1},{"week":26,"averageReturn":-29.0,"sample":1}]},"currentApplication":{"status":"Price ahead of underlying support","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":47.6,"averageReturn":1.3,"sample":21},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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":"In this ticker's completed record, 47.6% of comparable cases moved lower after 12 weeks, with an average move of 1.3% across 21 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 3 cases. Distinct visits lasted 2.7 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 7.4% across 21 completed cases, with the largest move arriving after 6.9 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2025-10-03","price":345.12106}],"distribution_rollovers":[{"date":"2024-09-27","price":506.549332}],"price_pressure_gaps":[{"date":"2024-08-23","price":526.251981}]}},"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":[526.252,536.7874,522.3482,532.5463,521.931,506.5493,475.7281,485.2123,416.4639,411.1465,400.2605,408.5846,387.3829,389.1811,393.4446,370.9813,370.2726,355.2738,360.2346,360.7103,370.0202,374.0393,389.2518,384.1454,379.9903,377.8837,373.8549,385.2909,397.5036,410.3546,416.4474,421.1364,418.1047,428.75,413.8543,411.076,399.6702,394.406,393.1484,362.9085,374.1875,383.4681,376.5494,366.7281,373.5531,340.6032,333.5823,271.3251,283.0853,268.9457,287.8735,303.1294,309.9642,312.0205,307.1147,306.9756,308.8957,313.7205,345.1211,347.819,343.4176,337.0961,312.3321,312.9032,320.8297,316.7926,333.0689,327.3579,355.3875,337.196,346.2917,350.6169,369.0063,371.0254,367.2545,342.1942,335.5035,343.2433,339.413,316.7182,286.6695,290.3954,290.246,285.1776,299.4668,310.2111,321.6824,343.3004,371.1022,376.4694,391.0176,393.0191,391.5254,413.7708,404.07,388.5,395.18,417.89,416.23,373.11,377.68,375.84,394.2,400.32],"consensus":[25.0506,47.047,-13.2635,34.309,-19.9584,-42.5802,-71.7726,-11.2978,-73.132,-47.3613,-60.0313,-25.9461,-73.5373,-28.9932,-20.3954,-74.108,-41.3104,-66.2166,-30.5304,-25.6012,-10.6726,0.0,27.0547,-10.2761,-13.7347,-8.1739,-20.7036,20.5811,38.151,49.2395,37.9021,43.7495,13.322,43.3727,0.0,0.0,-26.9071,-28.2753,-10.8569,-58.7464,0.0,0.0,-23.7751,-30.6699,0.0,-63.7161,-48.2954,-82.4588,-20.833,-67.3092,0.0,12.6835,0.0,9.1416,-12.1009,-9.6735,0.0,0.0,59.0499,28.1658,21.836,0.0,-45.3999,-15.4856,0.0,-17.1939,36.227,0.0,59.7422,-11.1682,39.3903,35.6337,53.7138,35.3896,26.3304,-32.9338,-23.1234,9.5961,-19.4976,-53.2595,-69.7491,-21.4252,-39.3059,-45.8189,12.229,17.2692,36.0142,57.3347,70.0699,53.8705,61.6783,39.9962,39.9798,72.8068,16.2603,-8.8656,34.5885,51.9065,25.502,-47.4115,-11.5141,-16.7806,25.0989,29.0801],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[0.0,4.3035,-21.6345,-14.1806,0.0,0.0,54.2695,17.8834,13.3866,0.0,-46.0335,-9.628,0.0,-14.0989,34.9512,0.0,55.1183,-22.728,45.8964,35.4535,56.7307,30.2327,22.3154,-28.8542,-16.8036,21.5655,-15.6439,-49.0586,-67.8297,-10.6768,-37.8551,-46.5024,13.0501,13.7851,35.2072,51.938,71.6489,57.7628,58.8279,33.0897,41.0752,76.7325,10.3185,-14.2753,38.5671,57.136,23.3395,-44.2713,-10.074,-9.1263,39.4184,28.8622],"force":[0.0,24.7754,-7.8592,-0.1668,0.0,0.0,77.9442,9.7412,1.2872,0.0,-65.9342,-5.5334,0.0,-19.8129,45.2485,0.0,77.1607,-49.1818,35.1166,25.5263,55.1374,14.6523,1.7492,-73.8766,-26.1954,27.6712,-21.2572,-73.4561,-87.1977,-12.7762,-16.6474,-30.5137,49.2055,39.9855,51.324,78.4811,80.9562,34.8821,59.6606,15.3308,11.9979,74.3878,25.2672,-48.4197,28.1926,55.601,0.3081,-89.6533,-4.9727,-14.3421,40.2361,26.1272],"direction":[0.0,3.5039,-4.2351,-11.313,0.0,0.0,51.0172,53.0775,48.009,0.0,-30.0086,-29.2886,0.0,-18.8602,31.2412,0.0,52.5849,-29.1956,35.0073,43.0592,49.249,56.0956,48.4771,-8.3515,-28.1518,16.9941,-22.6449,-43.6344,-59.4794,-58.1387,-57.1485,-55.9701,15.1212,5.0252,26.001,48.3978,60.4893,62.9853,66.3772,65.5075,58.7149,67.191,52.7135,-25.5699,34.6099,43.2909,45.9691,-20.8275,-17.8324,-27.2701,2.0785,31.4383],"intensity":[67.3077,3.8462,9.6154,7.6923,3.8462,36.5385,86.5385,86.5385,30.7692,25.0,84.6154,82.6923,30.7692,42.3077,65.3846,15.3846,84.6154,69.2308,51.9231,19.2308,76.9231,48.0769,21.1538,94.2308,84.6154,25.0,55.7692,78.8462,80.7692,59.6154,51.9231,7.6923,50.0,57.6923,40.3846,75.0,76.9231,69.2308,63.4615,38.4615,36.5385,67.3077,38.4615,63.4615,13.4615,82.6923,69.2308,96.1538,96.1538,34.6154,59.6154,50.0],"confirmation":[26.8104,26.1422,26.2644,48.0704,2.3008,24.5125,87.5446,76.6082,52.0195,5.9511,83.1441,50.0747,28.5623,73.629,79.887,3.7187,87.7188,33.4512,80.3755,79.0975,85.1858,78.7713,53.0711,79.8488,75.5894,29.7313,74.3516,85.7226,90.8807,31.3698,79.9094,82.1852,30.9202,51.6049,80.0034,87.0738,90.7301,84.6005,87.719,80.1523,79.9241,91.2865,32.0853,32.0816,78.8128,84.643,52.7591,84.5069,48.8404,73.4121,54.0515,44.64],"persistence":[50.0,25.0,25.0,25.0,12.5,0.0,12.5,12.5,25.0,12.5,12.5,12.5,12.5,0.0,0.0,12.5,12.5,25.0,0.0,25.0,37.5,62.5,62.5,50.0,25.0,50.0,25.0,0.0,25.0,50.0,75.0,75.0,50.0,50.0,25.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0,50.0,25.0,0.0,0.0,25.0],"assessmentRisk":[38.8705,43.6652,42.2095,13.8528,1.5969,1.6039,17.6984,33.8116,38.8669,44.5842,26.6471,41.923,51.5752,38.3375,28.4014,39.698,19.3271,48.8834,14.8069,29.3036,10.5425,31.527,32.2103,10.6001,37.5823,52.8948,38.3669,20.2689,14.8408,39.2271,30.2676,26.2327,29.9703,36.5983,30.9464,21.2802,14.9542,23.0454,19.1457,29.8302,25.1544,13.55,33.429,12.8118,2.5628,10.1052,24.1449,10.1502,31.7485,41.0089,55.4667,31.7156],"volumeParticipation":true,"latest":{"consensus":29.1,"control":28.9,"force":26.1,"direction":31.4,"confirmation":44.6,"persistence":25.0,"assessmentRisk":31.7,"intensity":50.0,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+29.1","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+28.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+26.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+31.4","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"58.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"6.6%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"24.1","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"78%","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":[526.252,536.7874,522.3482,532.5463,521.931,506.5493,475.7281,485.2123,416.4639,411.1465,400.2605,408.5846,387.3829,389.1811,393.4446,370.9813,370.2726,355.2738,360.2346,360.7103,370.0202,374.0393,389.2518,384.1454,379.9903,377.8837,373.8549,385.2909,397.5036,410.3546,416.4474,421.1364,418.1047,428.75,413.8543,411.076,399.6702,394.406,393.1484,362.9085,374.1875,383.4681,376.5494,366.7281,373.5531,340.6032,333.5823,271.3251,283.0853,268.9457,287.8735,303.1294,309.9642,312.0205,307.1147,306.9756,308.8957,313.7205,345.1211,347.819,343.4176,337.0961,312.3321,312.9032,320.8297,316.7926,333.0689,327.3579,355.3875,337.196,346.2917,350.6169,369.0063,371.0254,367.2545,342.1942,335.5035,343.2433,339.413,316.7182,286.6695,290.3954,290.246,285.1776,299.4668,310.2111,321.6824,343.3004,371.1022,376.4694,391.0176,393.0191,391.5254,413.7708,404.07,388.5,395.18,417.89,416.23,373.11,377.68,375.84,394.2,400.32],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[514.9597,518.9284,519.5502,521.9131,521.9164,519.1224,511.2325,506.5015,490.1311,475.7702,462.0412,452.3218,440.5147,431.1813,424.3201,414.6222,406.5586,397.2341,390.5069,385.0893,382.3495,380.8386,382.3682,382.6913,382.2003,381.4154,380.0408,380.9953,383.9968,388.7892,393.8179,398.7849,402.2976,407.1071,408.3339,408.8325,407.1666,404.8465,402.7196,395.4812,391.6096,390.1293,387.6603,383.8544,381.9814,374.4581,367.0262,349.626,337.5277,325.0582,318.2974,315.5395,314.5258,314.0703,312.8057,311.7456,311.2275,311.6807,317.7608,323.2259,326.8971,328.7515,325.7662,323.4274,322.9551,321.8347,323.8772,324.5101,330.1242,331.4099,334.1157,337.1159,342.9142,348.0253,351.5215,349.8257,347.2216,346.4983,345.2101,340.0297,330.3279,323.0674,317.0999,311.2958,309.1451,309.3389,311.5832,317.35,327.1231,336.0952,346.0811,354.6152,361.3262,370.8616,376.8995,379.0087,381.9489,388.4836,393.5284,389.816,387.6094,385.4695,387.0569,389.4684],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[503.8284,506.2698,507.4608,509.319,510.2532,509.9789,507.4418,505.7951,499.178,492.6572,485.813,480.0923,473.225,466.9995,461.551,454.8421,448.5777,441.6663,435.6343,430.0844,425.6352,421.8133,419.4013,416.7898,414.0639,411.3839,408.6039,406.8771,406.1827,406.4917,407.2292,408.2594,408.9887,410.4525,410.7044,410.732,409.9126,408.7639,407.6072,404.2962,402.0659,400.6883,398.9003,396.5171,394.8161,390.8003,386.562,378.0259,370.9933,363.4342,357.8371,353.7847,350.5387,347.6855,344.6803,341.8873,339.4435,337.5381,338.0998,338.8197,339.1603,339.0074,337.0315,335.2442,334.1764,332.8887,332.9021,332.4914,334.1874,334.4103,335.2904,336.4257,338.8391,341.2232,343.1515,343.0806,342.5193,342.5729,342.3389,340.441,336.458,333.0459,329.8756,326.5646,324.5573,323.4947,323.3604,324.8375,328.2645,331.8352,336.2191,340.4265,344.2116,349.3641,353.4164,356.0152,358.9163,363.2847,367.2066,367.6439,368.3873,368.9394,370.8105,372.9964],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[536.8083,536.6236,537.3336,539.3672,539.7794,539.6663,542.755,544.1558,560.437,569.829,577.2877,580.2177,583.2027,584.7322,583.3848,586.2638,584.9124,582.1413,577.3023,568.7038,557.1802,541.0029,525.5081,504.4583,482.2953,460.0737,443.5822,416.1907,412.3174,412.1271,415.6077,418.581,423.2265,429.7051,432.248,434.6347,435.3524,434.072,432.7898,432.5113,432.2017,431.8054,432.0447,432.9493,433.2001,437.2972,441.5089,457.387,463.6058,467.6173,465.4328,459.5477,452.5122,441.958,433.1134,423.4329,414.7636,406.0282,398.2806,396.2857,391.7311,384.0877,375.669,368.5581,358.9332,356.0446,355.9693,354.9831,359.4926,356.7131,357.4375,360.0485,366.67,372.679,376.4492,375.9714,374.9375,374.457,374.1145,373.898,377.6985,379.8593,381.7107,383.9059,384.4777,384.5465,384.0671,385.1935,387.8182,393.1316,400.3153,406.9219,410.7425,418.8893,424.7842,429.5249,435.175,444.062,451.8926,453.3473,452.386,450.4511,448.6066,444.0189],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[487.4175,493.4731,493.9294,493.5208,494.6618,493.6157,485.4659,482.4798,456.0981,436.0297,417.0466,403.4621,386.9854,373.2574,362.3284,348.3408,335.8737,322.587,312.1631,304.4253,300.3257,300.2282,302.4134,308.6231,316.592,325.9471,332.2512,349.6506,351.6279,351.739,349.877,348.159,346.5857,344.064,343.562,345.1848,347.4068,352.6005,357.1741,357.6724,358.3987,359.7379,358.2284,355.582,354.6875,346.8623,338.6234,311.3487,293.6881,275.5356,264.8628,258.9472,255.1686,254.0499,252.2205,251.4909,251.0829,251.7497,254.6945,255.1805,256.658,259.6643,261.6612,263.3896,267.7422,268.2498,268.2737,274.8632,277.5839,287.1885,292.3058,294.4436,293.7263,293.6179,295.8616,299.8613,303.5559,306.9887,306.7604,303.8668,294.3915,287.5606,283.5007,278.5329,275.8249,275.0978,274.4386,274.9065,273.8533,272.4672,269.7561,267.3897,265.821,261.9488,259.7353,259.6253,259.9429,258.5205,258.3716,262.5561,272.6184,283.0977,295.3377,311.4396],"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":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[-0.0165,0.0,-2.6899,-0.7901,-2.7677,-5.6332,-11.375,-9.6081,-22.4155,-23.4061,-25.4341,-23.8834,-27.8331,-27.4981,-26.7038,-30.8886,-31.0206,-33.8148,-32.8906,-32.802,-31.0676,-30.3189,-27.4849,-28.4362,-29.2103,-29.6027,-30.3533,-28.2228,-25.9477,-23.5536,-22.4186,-21.545,-22.1098,-20.1267,-22.9016,-23.4192,-25.544,-26.5247,-26.759,-32.3925,-30.2913,-28.5624,-29.8513,-31.6809,-30.4095,-36.5479,-37.8558,-49.4539,-47.2631,-49.8972,-46.371,-43.529,-42.2557,-41.8726,-42.7865,-42.8124,-42.4548,-41.5559,-35.7062,-35.2036,-36.0235,-37.2012,-41.8146,-41.7082,-40.2315,-40.9836,-37.9514,-39.0154,-33.7936,-37.1826,-35.4881,-34.6824,-31.2565,-30.8804,-31.5829,-36.2515,-37.4979,-36.056,-36.7696,-40.9975,-46.5953,-45.9012,-45.9291,-46.8733,-44.2113,-42.2097,-40.0727,-36.0454,-30.8661,-29.8662,-27.156,-26.7831,-27.0614,-22.9172,-24.7244,-27.625,-26.3805,-22.1498,-22.4591,-30.492,-29.6407,-29.9835,-26.5631,-25.423],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[10.0765,12.2802,9.2599,11.3931,9.1727,5.9553,0.0,1.9936,0.0,0.0,0.0,2.0797,0.0,0.4642,1.5648,0.0,0.0,0.0,1.3963,1.5302,4.1507,5.282,9.5639,8.1266,6.957,6.3641,5.2301,8.449,11.8865,15.5038,17.2187,18.5386,17.6852,20.6816,16.4888,15.7068,12.4964,11.0147,10.6607,2.149,5.3237,7.9359,5.9885,1.8026,3.5604,0.0,0.0,0.0,4.3343,0.0,7.0378,12.7103,15.2516,16.0162,14.1921,14.1404,14.8543,16.6483,28.3237,29.3269,27.6903,25.3399,16.132,16.3444,19.2916,17.7905,23.8424,21.719,32.141,25.377,28.759,30.3672,37.2048,37.9555,36.5534,18.8696,10.68,11.8145,10.5668,3.1737,0.0,1.2997,1.2476,0.0,5.0106,8.7782,12.8007,20.3813,30.1302,32.0123,37.1137,37.8156,37.2918,45.0924,41.6907,36.2309,38.5733,46.5368,45.9547,30.8343,32.4368,31.7916,38.2297,40.3757],"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":"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":[58.6279,60.5092,90.036,77.4099,102.2912,99.5998,149.6228,112.2333,314.1712,188.93,158.6939,177.4102,145.1399,123.6317,98.2627,146.5428,147.2544,181.4226,53.0148,65.5646,82.3322,126.8481,109.2605,92.2461,81.6426,67.8745,66.3171,96.6665,83.143,125.2414,112.1059,70.7416,144.3467,131.1036,82.1279,108.927,79.3715,65.124,164.121,103.1567,106.1976,115.2519,77.617,86.6596,83.9119,122.1273,112.0629,234.7821,190.5177,139.1398,123.3901,107.5257,113.5526,85.7407,79.5978,102.5528,103.6909,82.5099,92.822,78.1351,67.3057,118.9335,68.0536,62.4047,78.4281,66.7222,58.3469,80.3841,98.4886,109.0709,36.7827,48.0975,84.8848,68.9673,73.7882,195.1473,111.7228,101.673,54.7815,127.3263,215.2394,161.0817,98.5389,81.6508,80.0377,91.4026,87.5624,128.9625,108.171,74.8064,126.6553,77.9661,74.6012,97.2837,104.5652,79.3664,104.4087,77.1415,67.7224,135.1685,76.6286,71.648,70.815,50.706],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[134.2775,135.0,133.8119,134.8179,133.4882,132.1778,130.147,131.6948,126.9771,123.9754,121.3475,124.4608,121.8019,124.1578,126.0722,123.2589,120.3341,116.5146,117.6317,119.0256,120.816,123.7049,126.2685,124.0481,122.056,120.3876,118.7712,121.1683,123.1149,126.0424,128.6625,130.2623,126.9508,130.0042,128.0915,125.5707,123.7788,122.3877,118.6682,116.279,118.7762,121.4752,119.6876,117.7019,119.6216,116.7545,114.0634,107.9942,113.2327,109.3397,112.8468,115.9857,119.3007,121.893,119.5639,117.1946,121.2799,124.3904,127.4775,131.4981,129.1742,125.0053,122.6086,124.8031,127.5831,125.2509,127.2581,124.6709,127.6912,124.4132,125.4634,126.781,129.0395,130.8376,128.9427,123.7659,120.8398,123.489,122.1125,118.8803,113.0379,117.4281,114.7275,112.5953,114.785,118.4701,121.717,125.7155,129.0692,131.3371,135.0,135.0,132.779,135.0,131.8277,129.5355,132.5549,134.7683,132.8056,128.8399,130.9435,129.0676,130.89,132.1703],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":[-3.6592,-2.0123,-0.5159,-2.4534,-5.5752,-8.6948,-14.164,-13.1364,-25.5923,-25.3429,-25.8505,-27.265,-29.0917,-29.3999,-28.9206,-33.0006,-32.2261,-33.2532,-32.2435,-31.2322,-27.5465,-28.3712,-26.2079,-25.8841,-25.984,-26.8538,-25.8523,-22.3178,-16.8037,-11.6067,-10.2877,-7.472,1.3183,-1.3427,-2.815,-7.092,-11.609,-11.7428,-15.739,-19.5397,-17.7574,-16.3764,-16.8996,-18.2331,-18.7518,-26.419,-26.9812,-40.2676,-37.7813,-38.5204,-34.8602,-31.1475,-28.8644,-27.3699,-27.7012,-27.8103,-27.2439,-24.9429,-17.5269,-13.9891,-15.9983,-18.548,-24.4661,-22.5244,-20.186,-19.1781,-17.5922,-18.9069,-11.1688,-15.5067,-14.1371,-11.8565,-8.3475,-7.2272,-7.4928,-13.7108,-14.7919,-11.3224,-12.8812,-17.7548,-23.3368,-20.333,-18.0595,-16.7228,-14.2881,-13.1862,-12.7737,-6.4573,0.9255,0.776,5.0101,5.0599,3.656,12.732,9.8614,5.0768,9.7936,13.5956,11.5745,1.329,2.9281,1.0587,2.1908,3.2091],"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":"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":[85.8456,98.9545,67.3192,80.9588,66.7612,46.1888,4.9665,19.6351,19.5661,16.2842,9.5652,14.7029,1.6171,6.6057,9.1323,1.5494,3.2564,1.8655,4.4075,4.6513,9.422,11.4815,19.2767,16.6601,14.5309,13.4514,11.3869,17.2471,24.1778,30.9515,37.5561,44.6616,46.9227,54.4374,65.098,62.1912,50.2581,44.7505,45.2517,14.6298,26.0513,35.4492,28.443,18.4977,25.4089,0.5753,2.5691,0.375,8.0629,0.4484,11.0816,19.595,23.4091,24.5566,21.819,21.7414,22.8128,25.5053,43.0281,48.623,48.9523,46.4336,30.4464,30.8388,39.2496,39.2789,52.3858,47.7869,70.3583,55.7092,63.0338,90.0224,93.778,92.7545,89.359,66.7936,54.3209,56.7695,52.1479,24.7646,8.0196,17.1639,17.0244,12.2897,25.6378,35.6745,46.3902,66.5844,92.5551,97.5688,93.396,90.1277,89.0152,99.2816,85.2154,75.1676,79.4784,94.0065,92.668,61.5574,64.3402,63.2198,74.4,78.1267],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-1.6917,-0.1273,-4.4689,-2.6037,-4.5452,-7.3583,-12.9951,-11.2606,-23.8338,-24.8063,-26.7972,-25.2748,-29.1524,-28.8235,-28.0437,-32.152,-32.2816,-35.0247,-34.1175,-34.0305,-32.3278,-31.5927,-28.8106,-29.7445,-30.5044,-30.8897,-31.6265,-29.535,-26.5723,-24.1984,-20.5575,-16.9774,-15.2424,-13.0844,-7.4594,-8.0807,-10.6311,-11.8082,-12.0894,-18.8512,-16.3292,-14.254,-15.801,-17.9971,-16.471,-23.8388,-25.4087,-39.3299,-36.7002,-39.8619,-35.6295,-32.2182,-30.6899,-30.2301,-31.3271,-31.3582,-30.9289,-29.85,-22.8286,-19.5129,-18.6305,-19.1206,-24.4793,-24.3412,-20.3057,-19.2261,-15.0761,-16.5323,-9.3855,-14.0238,-11.7046,-2.5447,-1.7835,-2.1227,-3.1175,-9.7285,-11.4935,-9.4517,-10.4621,-16.4491,-24.376,-23.3931,-23.4325,-24.7696,-21.0,-18.1657,-15.1395,-9.4366,-2.1025,-0.6866,-2.1065,-3.2623,-3.6299,-0.2473,-5.3656,-9.0121,-7.4477,-2.177,-2.6681,-14.4714,-13.4238,-13.8456,-9.6369,-8.234],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[11.6529,13.7226,10.6635,12.8241,10.5752,7.3164,0.7867,3.1995,8.2391,6.8571,4.0278,6.1913,0.6809,2.9487,4.0765,0.7514,1.6307,1.0353,2.4461,2.5814,5.229,6.372,10.6982,9.246,8.0644,7.4653,6.3195,9.5718,13.0449,16.6996,18.4323,19.7658,18.9036,21.931,17.6949,16.9047,13.6611,12.164,12.8242,4.146,7.3829,10.0462,8.0607,5.2422,7.2008,0.1814,0.9064,0.2446,5.3571,0.2994,7.4093,13.1015,15.6516,16.4188,14.5884,14.5365,15.2529,17.0531,28.7691,29.7757,28.1335,25.7749,16.5351,16.7482,19.7057,18.1994,24.2723,22.1414,32.5996,25.8121,29.2059,30.8197,37.681,38.4343,37.0274,27.677,18.2631,15.8848,14.5916,6.9294,2.8916,6.7546,6.6997,4.8365,10.0895,14.0393,18.2563,26.2035,36.424,38.397,43.7452,44.481,43.9319,52.1097,48.5435,42.8197,45.2754,53.624,53.0137,37.162,38.8421,38.1656,44.9151,47.1649],"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":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[18.6683,17.3758,16.7245,16.0602,15.8964,15.0921,15.7363,16.4988,19.4614,22.2124,24.8775,27.0022,29.1551,31.2887,33.0536,35.0185,36.9148,38.9017,40.7468,42.491,42.8094,42.5411,41.4908,40.154,39.0925,38.4877,37.982,36.9829,35.3606,32.8351,31.0634,29.3135,28.7581,27.3694,25.8656,24.4693,23.1726,22.2012,23.0661,23.8692,24.6149,24.971,25.2936,25.8326,26.3783,27.7174,29.2519,31.9015,34.3902,36.7096,38.8654,39.5637,39.7014,39.9227,39.7174,39.5267,39.361,38.3286,35.5917,33.4557,31.1174,29.2574,28.5212,28.0541,27.0199,25.8258,24.3854,23.0479,22.4319,21.864,21.3366,21.2123,22.0949,23.0441,23.8821,22.7053,21.6126,20.8122,19.7681,19.9779,21.1265,22.3771,23.2112,24.1485,24.8118,24.3594,23.6583,22.2649,21.9904,21.8196,22.3797,23.1035,23.7307,24.8978,26.2949,27.1898,27.6475,28.8423,29.963,28.7495,27.6227,26.0488,24.8639,24.1133],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[15.394,17.2534,18.5709,17.4225,18.2869,16.8581,15.1065,14.2206,10.3884,9.8006,9.2575,10.0288,9.2184,8.8476,9.3819,8.6029,8.0744,7.5803,7.3885,7.1644,11.5533,13.0415,15.2969,15.9176,14.9782,14.1107,13.3124,14.4473,16.5762,20.715,22.9842,21.6955,26.4462,22.8161,19.5247,17.9196,16.8976,16.0575,13.3812,11.9602,11.356,11.826,11.3726,10.9419,10.569,9.1169,8.7978,7.3211,6.9232,6.5547,6.1976,10.1742,11.8262,11.3406,12.2181,11.6972,11.2083,13.9094,20.3754,21.7615,20.9177,19.5716,17.6112,16.8314,18.0995,17.9088,18.4565,17.6977,23.3022,21.5287,20.7963,22.2247,27.4551,26.9704,25.949,21.184,19.9682,18.5739,19.3402,17.3427,15.453,14.4509,15.4263,14.6131,14.6699,18.9239,19.342,25.1611,30.2877,29.8818,33.9322,33.657,32.3791,35.5916,35.6551,33.6654,31.8017,35.9572,33.9051,27.7094,26.0533,24.2943,24.5158,25.699],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[18.2392,17.452,15.7378,15.0142,13.8612,18.4975,24.7054,24.4282,39.0514,36.8418,36.485,34.174,33.8005,34.3382,33.2606,35.0243,33.9433,35.4063,34.5106,33.9695,32.0023,29.755,27.098,25.3065,25.1204,26.569,25.5037,23.5691,22.0948,20.7133,19.5669,19.0227,17.0729,18.9269,22.1575,20.336,19.1762,19.4574,27.359,24.4537,23.2182,21.7706,20.8841,21.6423,21.2044,24.112,25.8388,36.1872,34.7126,33.0045,31.2396,29.4469,28.5988,28.312,26.599,25.465,24.4909,23.1366,20.3804,19.4192,20.6192,21.6657,25.8467,26.3161,23.7851,22.0228,20.6715,19.8216,17.4275,16.0823,15.5352,14.9415,13.655,12.8727,12.5576,24.5733,23.1629,22.8887,21.8946,27.5319,32.881,32.6472,31.3592,31.2918,29.4067,27.5027,25.9258,23.156,20.8644,20.0879,18.4079,17.1409,16.723,15.2285,13.7092,14.8355,15.8063,13.8536,13.0122,21.3449,20.0691,21.7229,20.2782,19.2467],"stroke":"#c13f3f","width":1.6}],"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/299b8d3c-6a0d-4798-8b63-96b7d1aef76d/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/299b8d3c-6a0d-4798-8b63-96b7d1aef76d/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/299b8d3c-6a0d-4798-8b63-96b7d1aef76d/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/299b8d3c-6a0d-4798-8b63-96b7d1aef76d/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/299b8d3c-6a0d-4798-8b63-96b7d1aef76d/technical-pack/data.json"},"source_fingerprint":"982c518d631066b0b116295ed07075d86dbaef54323abf000ad843058f10ed83","content_hash":"0959032467ccdb7f5971d5efccfbc8c52c17f1491264056229964ffcddced819","citation":"Sharemaestro, ELV Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/299b8d3c-6a0d-4798-8b63-96b7d1aef76d/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."}