{"schema_version":"1.0","name":"ITCHOTELS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"2ed5a6aa-bbad-49e3-8964-44f0c7b7608d","symbol":"ITCHOTELS","name":"ITC HOTELS LIMITED","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Consumer Cyclical","industry":"Resorts & Casinos"},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","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, Strength versus the research benchmark, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range pressure and compression, Acceleration, deceleration and rollover."},{"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":81,"displayedObservations":81,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.077686,-0.067244,-0.084284,-0.08967,-0.104855,-0.203341,-0.412824,-0.691122,-1.008599,-1.276278,-1.350141,-1.351249,-1.403078,-1.470917,-1.527752,-1.654363,-1.622412,-1.641325,-1.866734,-2.096355,-2.368862,-2.559256,-2.62873,-2.616687,-2.703288,-2.714846,-2.568411,-2.514208,-2.267871,-2.110357,-2.133691,-2.142397,-2.387768,-2.586658,-2.369573,-1.975567,-1.370426,-0.683255,-0.24206,0.016048,0.185147,0.260793,0.225667,0.266811,0.427941,0.528978,0.680667,0.80345,0.856558,0.785304,0.694824,0.656849,0.474024],"opens":[231.283589,230.389431,240.970079,236.866967,242.410632,246.374635,235.754263,226.763212,217.076729,213.599521,216.77868,223.305889,216.778677,207.638601,207.976389,208.125426,207.241219,205.144959,193.163503,193.829157,197.197071,197.703752,193.729796,185.682555,181.31122,177.13859,180.814487,178.827517,177.734676,171.753896,162.931737,151.009898,146.896859,139.08807,146.539202,150.999973,161.461377,158.957791,159.951274,162.335627,156.762177,155.5,156.0,151.0,160.5,173.679993,177.669998,183.5,185.199997,171.899994,161.220001,163.589996,170.649994],"highs":[231.581637,249.861765,243.831309,252.017633,249.593523,246.384565,238.635367,236.082117,218.318586,218.050336,225.114033,225.153774,216.778677,208.930143,211.602622,210.92705,210.609139,206.148374,193.729806,197.991844,197.932243,199.690725,194.425233,189.219388,181.996728,192.239577,188.613349,181.311223,184.291691,173.740868,164.918701,159.941347,153.165763,147.641986,154.735467,163.587438,166.408937,161.024245,169.141015,162.335627,156.821799,159.800003,157.0,154.649994,174.800003,173.679993,179.649994,188.0,187.580002,171.899994,166.449997,172.210007,173.0],"lows":[225.024616,227.448721,233.568597,236.529185,238.178386,234.462737,222.342205,213.609459,210.628998,206.893491,216.162723,213.241871,206.307338,203.396419,202.621501,204.370051,203.863359,189.110095,186.974092,192.319055,192.646906,190.689741,185.285168,176.691525,174.803894,174.962853,177.873754,174.108451,174.505845,160.189711,150.73173,145.297353,138.05485,136.40566,142.982527,148.327493,156.10648,154.993769,159.057142,151.397361,149.569347,153.990005,151.850006,150.5,159.990005,173.679993,176.619995,181.380005,168.740005,158.399994,160.0,162.800003,163.940002],"closes":[227.319565,243.205414,236.866974,242.201981,245.977234,235.197922,223.25621,217.027054,213.887634,215.715652,220.494324,215.467285,206.55571,207.817429,207.300827,207.340561,204.568741,192.368729,192.567429,197.197067,197.395767,193.233063,185.682556,181.023117,179.58255,179.622299,178.956665,175.529129,174.913177,166.240036,152.122604,148.039368,140.846542,147.125366,153.980423,161.46138,157.29866,159.524078,163.428467,154.467224,154.289993,154.850006,153.179993,154.050003,170.919998,173.679993,178.619995,187.190002,172.410004,159.919998,162.369995,170.649994,164.929993],"pressureRange":[-3.094924,3.094924],"priceRange":[140.846542,245.977234],"zones":{"accumulationBoundary":0.257668,"distributionBoundary":0.742332},"latest":0.474024,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Positioning recovery confirmed","detail":"Price is testing accumulation conditions and a recent green marker confirms a recovery through the zone. Market Dynamics is now read for follow-through.","tone":"positive"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is testing accumulation conditions and a recent green marker confirms a recovery through the zone. Market Dynamics is now read for follow-through.","annotations":[{"label":"Current tape relationship","value":"Positioning recovery confirmed","detail":"Market Dynamics eased this week but remains positive.","tone":"positive"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"label":"Latest positioning marker","value":"7 Aug 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":53,"relationship":{"sameWeekCorrelation":0.19,"forwardCorrelation":0.18,"directionalAgreement":54.2,"sample":48,"correlationSample":52,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"averageWeeksInZone":8.5,"medianWeeksInZone":8.5,"averageWeeksToHigher":8.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-11.5,"averageReturn":-11.5,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-6.9,"averageReturn":-6.9,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-3.5,"sample":2},{"week":2,"averageReturn":-2.1,"sample":2},{"week":3,"averageReturn":-6.1,"sample":2},{"week":4,"averageReturn":-11.5,"sample":1},{"week":5,"averageReturn":-7.4,"sample":1},{"week":6,"averageReturn":-2.9,"sample":1},{"week":7,"averageReturn":-5.4,"sample":1},{"week":8,"averageReturn":-4.0,"sample":1},{"week":9,"averageReturn":-1.7,"sample":1},{"week":10,"averageReturn":-7.1,"sample":1},{"week":11,"averageReturn":-7.2,"sample":1},{"week":12,"averageReturn":-6.9,"sample":1},{"week":13,"averageReturn":-7.9,"sample":1},{"week":14,"averageReturn":-7.3,"sample":1},{"week":15,"averageReturn":2.8,"sample":1},{"week":16,"averageReturn":4.5,"sample":1},{"week":17,"averageReturn":7.4,"sample":1},{"week":18,"averageReturn":12.6,"sample":1},{"week":19,"averageReturn":3.7,"sample":1},{"week":20,"averageReturn":-3.8,"sample":1},{"week":21,"averageReturn":-2.3,"sample":1},{"week":22,"averageReturn":2.7,"sample":1},{"week":23,"averageReturn":-0.8,"sample":1},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"distribution":{"label":"Distribution","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":4.0,"medianWeeksInZone":4.0,"averageWeeksToLower":3.5,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"medianReturn":1.1,"averageReturn":1.1,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-12.5,"averageReturn":-12.5,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-25.0,"averageReturn":-25.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.4,"sample":2},{"week":2,"averageReturn":-1.1,"sample":2},{"week":3,"averageReturn":0.4,"sample":2},{"week":4,"averageReturn":1.1,"sample":2},{"week":5,"averageReturn":-1.2,"sample":2},{"week":6,"averageReturn":-4.5,"sample":2},{"week":7,"averageReturn":-8.6,"sample":2},{"week":8,"averageReturn":-9.3,"sample":2},{"week":9,"averageReturn":-7.8,"sample":2},{"week":10,"averageReturn":-6.7,"sample":2},{"week":11,"averageReturn":-8.8,"sample":2},{"week":12,"averageReturn":-12.5,"sample":2},{"week":13,"averageReturn":-13.2,"sample":2},{"week":14,"averageReturn":-13.7,"sample":2},{"week":15,"averageReturn":-13.7,"sample":2},{"week":16,"averageReturn":-14.4,"sample":2},{"week":17,"averageReturn":-17.9,"sample":2},{"week":18,"averageReturn":-18.0,"sample":2},{"week":19,"averageReturn":-18.9,"sample":2},{"week":20,"averageReturn":-22.1,"sample":2},{"week":21,"averageReturn":-23.9,"sample":2},{"week":22,"averageReturn":-27.2,"sample":2},{"week":23,"averageReturn":-26.8,"sample":2},{"week":24,"averageReturn":-25.6,"sample":2},{"week":25,"averageReturn":-23.9,"sample":2},{"week":26,"averageReturn":-25.0,"sample":2}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":0.9,"medianReturn":0.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.6,"sample":1},{"week":2,"averageReturn":4.5,"sample":1},{"week":3,"averageReturn":9.5,"sample":1},{"week":4,"averageReturn":0.9,"sample":1},{"week":5,"averageReturn":-6.4,"sample":1},{"week":6,"averageReturn":-5.0,"sample":1},{"week":7,"averageReturn":-0.2,"sample":1},{"week":8,"averageReturn":-3.5,"sample":1},{"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}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":21.2,"averageExpectedMove":21.2,"averageWeeksToLargestMove":11.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-6.0,"medianReturn":-6.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-17.6,"medianReturn":-17.6,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-22.1,"medianReturn":-22.1,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-3.8,"sample":2},{"week":2,"averageReturn":-5.5,"sample":2},{"week":3,"averageReturn":-6.2,"sample":2},{"week":4,"averageReturn":-6.0,"sample":2},{"week":5,"averageReturn":-5.9,"sample":2},{"week":6,"averageReturn":-7.1,"sample":2},{"week":7,"averageReturn":-11.3,"sample":2},{"week":8,"averageReturn":-14.9,"sample":2},{"week":9,"averageReturn":-16.1,"sample":2},{"week":10,"averageReturn":-18.0,"sample":2},{"week":11,"averageReturn":-16.9,"sample":2},{"week":12,"averageReturn":-17.6,"sample":2},{"week":13,"averageReturn":-15.6,"sample":2},{"week":14,"averageReturn":-15.7,"sample":2},{"week":15,"averageReturn":-15.1,"sample":2},{"week":16,"averageReturn":-14.9,"sample":2},{"week":17,"averageReturn":-18.9,"sample":2},{"week":18,"averageReturn":-20.0,"sample":2},{"week":19,"averageReturn":-20.1,"sample":2},{"week":20,"averageReturn":-20.6,"sample":2},{"week":21,"averageReturn":-20.5,"sample":2},{"week":22,"averageReturn":-16.7,"sample":2},{"week":23,"averageReturn":-16.0,"sample":2},{"week":24,"averageReturn":-16.6,"sample":2},{"week":25,"averageReturn":-17.3,"sample":2},{"week":26,"averageReturn":-22.1,"sample":2}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"medianExpectedMove":16.8,"averageExpectedMove":14.8,"averageWeeksToLargestMove":10.3,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-4.7,"medianReturn":-7.0,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-8.2,"medianReturn":-16.8,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-20.6,"medianReturn":-20.6,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.1,"sample":3},{"week":2,"averageReturn":-4.5,"sample":3},{"week":3,"averageReturn":-5.1,"sample":3},{"week":4,"averageReturn":-4.7,"sample":3},{"week":5,"averageReturn":-6.5,"sample":3},{"week":6,"averageReturn":-6.4,"sample":3},{"week":7,"averageReturn":-7.1,"sample":3},{"week":8,"averageReturn":-10.2,"sample":3},{"week":9,"averageReturn":-12.2,"sample":3},{"week":10,"averageReturn":-9.4,"sample":3},{"week":11,"averageReturn":-10.0,"sample":3},{"week":12,"averageReturn":-8.2,"sample":3},{"week":13,"averageReturn":-6.8,"sample":3},{"week":14,"averageReturn":-8.7,"sample":3},{"week":15,"averageReturn":-11.5,"sample":3},{"week":16,"averageReturn":-10.6,"sample":3},{"week":17,"averageReturn":-8.7,"sample":3},{"week":18,"averageReturn":-12.5,"sample":3},{"week":19,"averageReturn":-23.3,"sample":2},{"week":20,"averageReturn":-23.4,"sample":2},{"week":21,"averageReturn":-23.9,"sample":2},{"week":22,"averageReturn":-23.8,"sample":2},{"week":23,"averageReturn":-20.1,"sample":2},{"week":24,"averageReturn":-19.5,"sample":2},{"week":25,"averageReturn":-20.0,"sample":2},{"week":26,"averageReturn":-20.6,"sample":2}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":21.2,"averageExpectedMove":21.2,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-0.3,"medianReturn":-0.3,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":10.5,"medianReturn":10.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.7,"sample":2},{"week":2,"averageReturn":3.5,"sample":2},{"week":3,"averageReturn":1.1,"sample":2},{"week":4,"averageReturn":-0.3,"sample":1},{"week":5,"averageReturn":10.7,"sample":1},{"week":6,"averageReturn":12.4,"sample":1},{"week":7,"averageReturn":15.6,"sample":1},{"week":8,"averageReturn":21.2,"sample":1},{"week":9,"averageReturn":11.6,"sample":1},{"week":10,"averageReturn":3.5,"sample":1},{"week":11,"averageReturn":5.1,"sample":1},{"week":12,"averageReturn":10.5,"sample":1},{"week":13,"averageReturn":6.8,"sample":1},{"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}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":12.5,"averageExpectedMove":12.5,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":1.1,"medianReturn":1.1,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-12.5,"medianReturn":-12.5,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-25.0,"medianReturn":-25.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.4,"sample":2},{"week":2,"averageReturn":-1.1,"sample":2},{"week":3,"averageReturn":0.4,"sample":2},{"week":4,"averageReturn":1.1,"sample":2},{"week":5,"averageReturn":-1.2,"sample":2},{"week":6,"averageReturn":-4.5,"sample":2},{"week":7,"averageReturn":-8.6,"sample":2},{"week":8,"averageReturn":-9.3,"sample":2},{"week":9,"averageReturn":-7.8,"sample":2},{"week":10,"averageReturn":-6.7,"sample":2},{"week":11,"averageReturn":-8.8,"sample":2},{"week":12,"averageReturn":-12.5,"sample":2},{"week":13,"averageReturn":-13.2,"sample":2},{"week":14,"averageReturn":-13.7,"sample":2},{"week":15,"averageReturn":-13.7,"sample":2},{"week":16,"averageReturn":-14.4,"sample":2},{"week":17,"averageReturn":-17.9,"sample":2},{"week":18,"averageReturn":-18.0,"sample":2},{"week":19,"averageReturn":-18.9,"sample":2},{"week":20,"averageReturn":-22.1,"sample":2},{"week":21,"averageReturn":-23.9,"sample":2},{"week":22,"averageReturn":-27.2,"sample":2},{"week":23,"averageReturn":-26.8,"sample":2},{"week":24,"averageReturn":-25.6,"sample":2},{"week":25,"averageReturn":-23.9,"sample":2},{"week":26,"averageReturn":-25.0,"sample":2}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Positive Market Dynamics has weakened over four weeks","use":"Use the weaker four-week path as caution until price and Market Dynamics establish clearer agreement.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"weakening","zone":"accumulation","zoneContext":"Price is testing accumulation conditions and a recent green marker confirms a recovery through the zone. Market Dynamics is now read for follow-through.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price remains downward while Market Dynamics is positive","detail":"The positive Market Dynamics reading has not yet reversed the downward price structure."}},"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":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 0.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 8.5 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 14.8% across 3 completed cases, with the largest move arriving after 10.3 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":"2026-06-19","price":170.919998},{"date":"2026-08-07","price":170.649994}],"distribution_rollovers":[{"date":"2025-10-03","price":217.027054},{"date":"2025-10-31","price":215.467285}],"price_pressure_gaps":[{"date":"2025-08-15","price":227.319565},{"date":"2025-10-24","price":220.494324}]}},"smTape":{"available":true,"dates":["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":[161.8886,171.5254,163.5974,161.6501,162.743,172.0718,165.644,197.5945,196.2235,199.1145,198.8165,199.3927,193.9086,192.1204,181.7583,201.4492,213.6393,215.06,216.8284,212.308,210.9866,224.508,219.2028,230.8564,253.0906,239.1122,222.7595,231.8797,227.3196,243.2054,236.867,242.202,245.9772,235.1979,223.2562,217.0271,213.8876,215.7157,220.4943,215.4673,206.5557,207.8174,207.3008,207.3406,204.5687,192.3687,192.5674,197.1971,197.3958,193.2331,185.6826,181.0231,179.5825,179.6223,178.9567,175.5291,174.9132,166.24,152.1226,148.0394,140.8465,147.1254,153.9804,161.4614,157.2987,159.5241,163.4285,154.4672,154.29,154.85,153.18,154.05,170.92,173.68,178.62,187.19,172.41,159.92,162.37,170.65,164.93],"consensus":[-36.9479,25.2114,-56.0082,-41.6294,0.0,22.3089,-12.0034,69.6978,33.4086,32.2246,42.7705,16.9768,0.0,0.0,-31.267,44.231,47.7659,36.977,36.8445,9.6968,0.0,51.5058,0.0,52.5539,73.8641,0.0,-20.0048,26.4328,-10.9683,44.2011,0.0,26.577,34.3777,-24.2713,-41.3533,-41.6741,-35.1739,-14.6657,0.0,-31.7805,-49.9655,-16.1647,-26.0794,-23.4675,-34.7,-65.919,-25.8997,-9.3263,-14.4093,-33.885,-57.314,-53.834,-35.811,-31.6229,-36.5693,-42.9139,-37.2533,-58.1659,-76.5826,-59.8414,-69.0598,-10.1815,12.3691,25.7079,-19.5319,10.0246,17.7236,-40.9379,-13.5452,-19.1365,-27.7442,0.0,61.8702,37.407,48.4405,62.8641,-21.5526,-49.3591,-12.3476,24.7976,-27.8396],"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":[49.1555,0.0,25.1673,34.8863,-26.0565,-42.602,-35.7879,-30.3675,-3.117,0.0,-34.5386,-57.601,-7.7815,-19.9137,-20.1119,-40.6153,-61.4736,-15.0925,-3.3713,-4.1465,-41.1766,-64.8014,-47.7533,-27.7508,-25.4991,-39.054,-48.1705,-42.7131,-50.9348,-77.6538,-56.7048,-64.6976,-5.1789,10.3625,21.5036,-33.9269,3.8589,10.2656,-42.4595,-13.922,-23.6139,-30.057,0.0,55.0546,32.9405,47.9912,68.5668,-27.2106,-50.0867,-8.5398,38.2644,-30.5528],"force":[53.151,0.0,19.447,24.4768,-50.3565,-53.1853,-47.9332,-23.9828,-5.6485,0.0,-36.3201,-46.8343,-5.8328,-9.7497,-7.4831,-27.029,-84.4116,-0.8639,-20.6411,-4.4354,-25.8914,-55.0049,-56.2947,-16.0506,-10.812,-20.5527,-31.0777,-21.8702,-72.3866,-90.2063,-56.1175,-77.9001,-36.2233,72.7764,62.0682,-23.5744,25.1657,30.8165,-56.6343,-3.0834,-10.6297,-21.9415,0.0,87.6374,17.963,29.3941,45.4723,-78.8272,-75.1338,-0.3242,39.8078,-43.2146],"direction":[32.1463,0.0,33.2809,40.8685,-3.5989,-31.475,-43.9303,-48.6605,-42.3744,0.0,-25.3858,-43.4759,-41.4579,-44.7901,-38.7199,-33.419,-57.7906,-56.1334,-45.2431,-39.5986,-31.2614,-50.4063,-59.0257,-59.1373,-53.4865,-45.1701,-45.3609,-42.0015,-56.2724,-65.6272,-66.0861,-67.7306,-60.8824,28.4856,4.5411,-0.193,6.2561,16.8949,-27.9871,-20.5872,-20.0957,-29.246,0.0,51.2545,56.4001,62.5586,68.7693,-25.8242,-30.1172,-25.2874,1.3146,-13.7566],"intensity":[86.2069,13.3333,41.9355,3.125,57.5758,67.6471,45.7143,83.3333,2.7027,50.0,12.8205,47.5,34.1463,2.381,2.3256,6.8182,80.0,71.7391,19.1489,2.0833,14.2857,38.0,49.0196,34.6154,63.4615,9.6154,38.4615,9.6154,80.7692,78.8462,25.0,38.4615,28.8462,38.4615,61.5385,48.0769,25.0,55.7692,67.3077,28.8462,19.2308,9.6154,5.7692,98.0769,82.6923,34.6154,59.6154,90.3846,92.3077,32.6923,61.5385,36.5385],"confirmation":[82.3416,4.8019,76.3088,78.6914,53.8679,81.5746,81.6161,78.9878,28.1216,4.0948,78.2661,83.7772,28.541,75.9417,52.4069,78.7801,89.7254,53.0229,7.3873,27.8059,78.4885,86.156,85.3945,78.9801,77.5784,79.1762,81.2916,79.369,87.1567,92.9053,87.0836,90.435,10.9104,34.5733,54.732,51.4874,26.4299,74.1842,81.5553,49.3432,73.7962,76.6661,3.2813,88.6876,79.4457,82.9273,87.4996,36.7319,84.5693,48.9762,53.8013,44.64],"persistence":[25.0,25.0,25.0,25.0,12.5,12.5,12.5,12.5,37.5,37.5,62.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,50.0,25.0,0.0,0.0,0.0,0.0,25.0,37.5,12.5,12.5,12.5,12.5,12.5,12.5,12.5,25.0,0.0],"assessmentRisk":[4.5486,38.4727,22.5809,29.2694,17.3695,20.2214,27.7488,32.06,41.2265,14.3008,6.0418,12.4195,30.8652,35.9855,32.9199,0.8381,16.7225,36.7346,43.8206,38.1967,25.9124,15.6593,23.01,32.0607,34.0505,28.2423,22.4164,22.5513,20.7119,11.7077,20.0787,15.4701,44.8749,9.8842,35.9729,59.3379,43.2623,36.4024,18.7578,14.5203,20.7869,32.3855,5.0898,18.4386,31.1021,25.7596,18.5661,20.6486,21.9867,41.9817,60.4796,22.2754],"volumeParticipation":true,"latest":{"consensus":-27.8,"control":-30.6,"force":-43.2,"direction":-13.8,"confirmation":44.6,"persistence":0.0,"assessmentRisk":22.3,"intensity":36.5,"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 downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-27.8","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-30.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-43.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-13.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"47.4","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"6.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"16.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"55%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned downward.","series":[{"label":"Close","values":[161.8886,171.5254,163.5974,161.6501,162.743,172.0718,165.644,197.5945,196.2235,199.1145,198.8165,199.3927,193.9086,192.1204,181.7583,201.4492,213.6393,215.06,216.8284,212.308,210.9866,224.508,219.2028,230.8564,253.0906,239.1122,222.7595,231.8797,227.3196,243.2054,236.867,242.202,245.9772,235.1979,223.2562,217.0271,213.8876,215.7157,220.4943,215.4673,206.5557,207.8174,207.3008,207.3406,204.5687,192.3687,192.5674,197.1971,197.3958,193.2331,185.6826,181.0231,179.5825,179.6223,178.9567,175.5291,174.9132,166.24,152.1226,148.0394,140.8465,147.1254,153.9804,161.4614,157.2987,159.5241,163.4285,154.4672,154.29,154.85,153.18,154.05,170.92,173.68,178.62,187.19,172.41,159.92,162.37,170.65,164.93],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,163.1761,164.7935,164.9481,170.8838,175.491,179.7862,183.2462,186.182,187.5868,188.4111,187.2015,189.792,194.1278,197.9337,201.3691,203.358,204.745,208.3383,210.3136,214.0487,221.1472,224.4136,224.1128,225.525,225.8513,229.0066,230.4357,232.5751,235.0118,235.0457,232.9021,230.0157,227.0834,225.0165,224.1943,222.6076,219.689,217.5306,215.6706,214.1561,212.4129,208.7685,205.8229,204.2545,203.0075,201.2303,198.4035,195.2434,192.396,190.0735,188.0522,185.7753,183.8004,180.6076,175.4285,170.4487,165.0665,161.8044,160.3819,160.5782,159.9819,159.8987,160.5404,159.4362,158.5005,157.8368,156.9901,156.4555,159.0854,161.739,164.8083,168.8777,169.5199,167.7745,166.7918,167.4933,167.0273],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,176.0419,177.2329,177.5681,179.3371,181.878,184.3359,186.7428,188.6365,190.292,192.8266,194.7804,197.4527,201.574,204.3546,205.7179,207.6558,209.1124,211.6378,213.5066,215.6322,217.88,219.1628,219.466,219.2854,218.8855,218.6507,218.7873,218.5414,217.6535,216.9249,216.212,215.5549,214.7411,213.0839,211.5641,210.4999,209.5292,208.3221,206.6451,204.7472,202.8831,201.1601,199.5154,197.7387,196.0479,193.8399,190.7497,187.586,184.1238,181.3832,179.3533,178.028,176.4925,175.2356,174.361,172.8874,171.5098,170.2757,169.0094,167.9013,168.1249,168.5364,169.2833,170.6097,170.7431,169.9414,169.3805,169.4746,169.1379],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,205.4086,209.1889,212.0149,212.8205,213.0654,212.0247,213.8798,218.1221,221.7712,225.0616,226.9001,228.399,232.5524,234.1736,236.8006,243.9157,246.9887,245.0557,247.3565,248.6132,252.2862,254.2905,256.766,258.846,258.3828,253.8622,252.384,252.3671,252.3312,252.224,251.9965,252.5003,253.2182,253.8693,253.9024,249.9168,249.6961,250.6838,249.8113,249.143,245.615,243.3956,239.5399,233.3825,228.9628,226.6466,225.2931,223.9684,222.6768,221.5679,220.7788,221.4889,219.7389,216.5611,212.3123,208.1265,205.7318,202.9691,198.9201,194.0687,189.4457,186.0621,183.2476,181.6437,180.4041,180.3251,183.1972,182.7768,182.2893,182.5369,183.3377,182.4004],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,145.002,145.5146,146.362,147.8211,149.2619,150.3818,151.0575,150.4823,150.2507,150.2043,150.8332,154.2442,155.389,159.3284,163.622,165.5417,169.1728,176.8172,177.945,179.7979,180.534,182.3348,184.1402,187.267,192.038,200.7084,203.7444,203.7861,203.8875,204.3613,204.9048,203.958,201.5709,199.7297,197.345,196.4784,192.0248,188.0178,185.4221,183.098,181.6288,178.7298,176.4675,175.9855,174.8476,172.7339,169.9375,167.3648,163.7089,157.9806,152.0269,144.7458,140.4267,138.2724,137.9333,137.3921,136.5023,136.3511,136.1272,136.6679,137.4527,137.586,137.7032,138.4408,139.0862,139.1316,137.4255,137.5957,137.4511,138.2283,139.6885,143.0341],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-13.318,-14.972,-16.132,-15.6913,-17.5868,-16.5167,-18.136,-20.7322,-22.3672,-24.8041,-20.6718,-21.1645,-18.027,-18.3297,-17.2725,-15.7103,-18.2396,-18.1827,-16.8625,-16.6932,-16.7078,-8.8006,-7.1415,-5.0521,0.1255,-7.5606,-11.5691,-11.947,-7.5566,-9.3338],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":[0.0,0.0,-4.6221,-5.7573,-5.1202,0.0,-3.7356,0.0,-0.6939,0.0,-0.1497,0.0,-2.7504,-3.6472,-8.844,0.0,0.0,0.0,0.0,-2.0848,-2.6942,0.0,-2.363,0.0,0.0,-5.5231,-11.9843,-8.3808,-10.1825,-3.9058,-6.4102,-4.3023,-2.8106,-7.0697,-11.788,-14.2493,-15.4897,-14.7674,-12.8793,-14.8656,-18.3867,-17.8881,-18.0922,-18.0765,-19.1717,-23.9921,-23.9136,-22.0844,-22.0059,-23.6506,-26.634,-28.475,-29.0442,-29.0285,-29.2915,-30.6457,-30.8891,-34.316,-39.894,-41.5074,-44.3494,-41.8685,-39.16,-36.2041,-37.8489,-36.9696,-35.4269,-38.9676,-39.0376,-38.8164,-39.4762,-39.1325,-32.4669,-31.3764,-29.4245,-26.0383,-31.8781,-36.8131,-35.8451,-32.5736,-34.8336],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,22.2359,21.3877,23.1762,22.9918,23.3483,19.9557,18.8495,12.4393,24.6205,32.1615,33.0404,34.1343,31.3379,30.5205,38.8851,35.6032,42.8123,56.5669,47.9196,37.8034,43.4454,40.6244,49.4414,42.9977,46.2184,35.3321,29.4015,22.8314,19.4042,17.677,18.6827,21.3118,18.5461,2.5349,0.6108,0.3607,0.38,0.0,0.0,0.1033,2.5099,2.6132,0.4493,0.0,0.0,0.0,0.0221,0.0,0.0,0.0,0.0,0.0,0.0,0.0,4.4579,9.325,14.6364,11.6809,13.2609,16.033,9.6706,9.5448,9.9424,8.7567,9.3744,21.3519,23.3115,26.8189,32.9035,22.4098,13.542,15.2815,21.1602,17.0991],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":[null,null,null,null,null,null,null,164.4988,94.745,78.0704,64.4336,36.9122,101.062,31.4517,55.3427,61.7662,90.5069,66.7633,46.0266,47.7964,35.959,49.158,25.6787,63.814,178.942,66.5945,38.3374,42.7797,21.0866,76.7121,36.7077,51.8493,47.5542,66.6897,52.102,109.4941,65.6627,67.5842,78.4183,104.4189,46.979,54.3466,59.7766,61.5854,114.5981,218.9521,75.4682,55.0959,46.8274,64.7428,76.0461,186.0778,104.8001,108.0413,106.7308,75.9356,109.7078,212.9126,145.7823,319.3131,229.427,83.5422,349.1788,88.7466,73.3787,69.9943,89.7295,76.1352,67.1358,58.3387,16.457,10.9646,106.7804,0.0,9.8373,15.6316,134.2045,82.7627,59.5589,73.7805,53.3703],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,123.5065,132.7519,125.3835,129.3757,118.4357,115.2016,109.6867,115.6887,124.4316,130.7573,134.9912,130.712,127.6771,131.2749,129.5288,133.7113,135.0,131.5937,129.6462,131.532,130.686,133.6054,132.2874,134.1176,135.0,132.9228,131.3671,128.1688,126.4079,128.118,130.0537,127.5107,126.3938,127.6467,126.2664,127.6341,125.4891,121.2984,122.7245,123.7427,124.6088,123.4671,122.1243,118.6858,116.7246,118.7433,116.7243,115.3574,113.3701,109.2575,106.3724,99.3355,93.7691,95.8298,105.9724,108.6065,106.4273,108.4294,111.0495,108.7786,106.7367,108.5301,108.0311,108.3464,111.4797,111.4797,111.7498,112.1716,108.4324,106.2044,107.7684,109.5105,108.3684],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":[null,null,null,null,null,null,null,null,null,null,null,null,null,9.8187,10.484,9.5565,9.1527,8.8685,8.469,8.57,8.2919,7.7602,7.6316,7.2836,7.0546,7.5753,8.1858,7.8683,7.6682,7.3175,7.2861,7.0734,6.7988,6.9646,7.3343,7.7456,7.5547,7.325,6.9589,7.0074,7.1498,6.7889,6.6292,6.3804,6.2405,6.7949,6.5536,6.1481,5.8944,5.924,6.0762,6.2817,6.1659,6.4113,6.4041,6.3559,6.3223,6.8096,7.6382,7.9948,8.5692,8.1631,7.7877,7.5715,7.6846,7.3061,7.0629,7.4953,7.3036,7.0254,6.8349,6.5032,6.3099,5.8795,5.5473,5.2732,6.0968,6.7292,6.4416,6.1031,6.2561],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,34.4776,35.9028,36.639,36.0465,35.2187,34.0186,34.4291,36.7005,38.4496,39.8956,40.2754,38.7592,39.781,38.0406,36.5507,38.2819,37.397,32.3503,32.6411,32.1258,33.1557,32.9599,32.9439,32.0901,29.459,23.3864,21.3271,21.3003,21.237,20.9655,20.6135,21.2691,22.7126,23.8711,25.0671,23.9422,26.1121,28.5688,29.5883,30.5593,29.953,30.6382,30.3227,28.0418,26.8023,26.9981,28.0118,28.9286,30.5228,33.5068,36.8835,41.9092,44.0421,44.127,42.4724,40.9439,40.4574,39.2655,37.483,34.7109,31.8099,29.956,28.3809,26.9947,25.8649,25.7898,28.5518,28.2054,28.0467,27.6268,27.0252,24.1931],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":[null,null,null,null,null,null,null,null,null,null,null,null,9.2932,9.1461,8.1,8.7589,10.1477,11.2335,12.0973,12.2756,12.1699,13.0271,13.127,13.9853,16.2721,16.7632,15.6525,15.3314,14.5413,15.0239,14.7251,14.7488,14.9004,13.9895,12.1638,10.0979,8.1138,6.6127,5.7424,4.5941,2.9312,1.6956,0.667,-0.1433,-0.9977,-2.6289,-3.8611,-4.4131,-4.7795,-5.3442,-6.328,-7.3984,-8.2676,-8.8512,-9.2607,-9.7494,-10.0704,-10.8989,-12.55,-14.0263,-15.597,-16.1489,-15.8504,-14.8392,-14.2098,-13.3773,-12.2611,-11.9618,-11.6051,-11.1486,-10.7972,-10.3295,-8.4995,-6.7487,-4.9061,-2.7229,-2.1603,-2.6914,-2.8813,-2.3367,-2.3398],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,9.2108,9.6154,10.1118,10.5445,10.8696,11.3011,11.6663,12.1301,12.9585,13.7194,14.106,14.3511,14.3891,14.5161,14.5579,14.5961,14.6569,14.5234,14.0515,13.2608,12.2314,11.1077,10.0346,8.9465,7.7434,6.5339,5.3605,4.2597,3.2083,2.0408,0.8605,-0.1943,-1.1113,-1.9579,-2.8319,-3.7452,-4.6497,-5.49,-6.2442,-6.9452,-7.5702,-8.236,-9.0988,-10.0843,-11.1868,-12.1792,-12.9135,-13.2986,-13.4809,-13.4601,-13.2203,-12.9686,-12.6959,-12.3865,-12.0686,-11.7208,-11.0765,-10.211,-9.15,-7.8646,-6.7237,-5.9172,-5.3101,-4.7154,-4.2403],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.9369,1.6182,1.9855,1.731,1.3003,1.726,1.4607,1.8552,3.3136,3.0438,1.5464,0.9803,0.1522,0.5078,0.1672,0.1527,0.2435,-0.5339,-1.8877,-3.1629,-4.1176,-4.495,-4.2922,-4.3524,-4.8122,-4.8383,-4.6935,-4.403,-4.2059,-4.6697,-4.7215,-4.2189,-3.6682,-3.3863,-3.4961,-3.6532,-3.6179,-3.3612,-3.0166,-2.8042,-2.5001,-2.6629,-3.4512,-3.9421,-4.4101,-3.9696,-2.9369,-1.5405,-0.729,0.0828,0.9592,1.0069,1.0909,1.2378,1.2714,1.3913,2.577,3.4622,4.2439,5.1417,4.5634,3.2259,2.4288,2.3786,1.9005],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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/2ed5a6aa-bbad-49e3-8964-44f0c7b7608d/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/2ed5a6aa-bbad-49e3-8964-44f0c7b7608d/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/2ed5a6aa-bbad-49e3-8964-44f0c7b7608d/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/2ed5a6aa-bbad-49e3-8964-44f0c7b7608d/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/2ed5a6aa-bbad-49e3-8964-44f0c7b7608d/technical-pack/data.json"},"source_fingerprint":"cc0d28d4afebe6be405b97e3d06a52ea09530b9510db77c99574927273c8f710","content_hash":"56c9e855578c80f05f286caef147ca9819333f8e89b3fdd08a638f94f3c94526","citation":"Sharemaestro, ITCHOTELS Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/2ed5a6aa-bbad-49e3-8964-44f0c7b7608d/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."}