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evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":9.4,"sample":3},{"week":2,"averageReturn":18.0,"sample":3},{"week":3,"averageReturn":23.1,"sample":3},{"week":4,"averageReturn":35.2,"sample":3},{"week":5,"averageReturn":16.0,"sample":3},{"week":6,"averageReturn":23.2,"sample":3},{"week":7,"averageReturn":26.6,"sample":3},{"week":8,"averageReturn":30.9,"sample":3},{"week":9,"averageReturn":18.9,"sample":2},{"week":10,"averageReturn":27.2,"sample":2},{"week":11,"averageReturn":15.8,"sample":2},{"week":12,"averageReturn":32.5,"sample":2},{"week":13,"averageReturn":33.1,"sample":2},{"week":14,"averageReturn":31.2,"sample":2},{"week":15,"averageReturn":21.7,"sample":2},{"week":16,"averageReturn":41.9,"sample":2},{"week":17,"averageReturn":10.0,"sample":1},{"week":18,"averageReturn":24.9,"sample":1},{"week":19,"averageReturn":24.1,"sample":1},{"week":20,"averageReturn":52.5,"sample":1},{"week":21,"averageReturn":38.5,"sample":1},{"week":22,"averageReturn":82.3,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":42.0,"averageExpectedMove":42.0,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-32.7,"medianReturn":-32.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-24.1,"medianReturn":-24.1,"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":-23.3,"sample":1},{"week":2,"averageReturn":-31.7,"sample":1},{"week":3,"averageReturn":-42.0,"sample":1},{"week":4,"averageReturn":-32.7,"sample":1},{"week":5,"averageReturn":-20.9,"sample":1},{"week":6,"averageReturn":-3.7,"sample":1},{"week":7,"averageReturn":2.8,"sample":1},{"week":8,"averageReturn":-23.9,"sample":1},{"week":9,"averageReturn":-34.8,"sample":1},{"week":10,"averageReturn":-23.4,"sample":1},{"week":11,"averageReturn":-20.9,"sample":1},{"week":12,"averageReturn":-24.1,"sample":1},{"week":13,"averageReturn":-15.4,"sample":1},{"week":14,"averageReturn":-22.4,"sample":1},{"week":15,"averageReturn":-10.7,"sample":1},{"week":16,"averageReturn":-9.6,"sample":1},{"week":17,"averageReturn":-26.5,"sample":1},{"week":18,"averageReturn":-30.2,"sample":1},{"week":19,"averageReturn":-29.3,"sample":1},{"week":20,"averageReturn":-36.2,"sample":1},{"week":21,"averageReturn":-27.6,"sample":1},{"week":22,"averageReturn":-28.1,"sample":1},{"week":23,"averageReturn":-11.6,"sample":1},{"week":24,"averageReturn":-19.7,"sample":1},{"week":25,"averageReturn":5.6,"sample":1},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","zone":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 1.0 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-02-27","price":17.29},{"date":"2026-08-21","price":18.2657}],"reversal_dangers":[{"date":"2026-03-06","price":13.2613}]}},"smTape":{"available":true,"dates":["2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[15.8408,17.29,13.2613,11.8051,10.022,11.6324,13.6849,16.6511,17.7812,13.1496,11.2801,13.24,13.67,13.1209,14.63,13.41,15.4411,15.63,12.7097,12.0609,12.222,11.0246,12.52,12.4357,15.2865,13.8834,18.2657],"consensus":[96.269,0.0,-91.9958,-54.5952,-75.9535,-22.6456,19.4596,62.131,58.1549,-42.7265,-66.6757,12.5803,-10.7047,-13.5059,40.2452,-27.1622,45.0593,10.4505,-46.3907,-28.1912,-11.8385,-43.3948,9.7334,0.0,55.6683,-10.0569,69.9284],"supportDates":["2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,-5.4449,26.9957,57.1076,56.3701,-48.3656,-64.5533,23.1033,-2.5744,-11.501,28.726,-24.5069,40.0558,1.5065,-44.4048,-31.1551,-1.5994,-43.181,12.892,0.0,51.061,-23.5507,65.231],"force":[96.269,0.0,-91.9958,-54.5952,-45.0746,-9.2571,34.9351,69.7032,46.2101,-80.0346,-79.6014,65.5009,-2.8224,-17.6714,64.7701,-60.8948,74.5321,2.7399,-76.3606,-21.2234,-3.1565,-41.2348,33.3158,0.0,85.2591,-35.7543,95.6193],"direction":[null,null,null,null,-98.0099,-65.0912,0.207,62.4634,68.7268,-9.6332,-59.8689,37.2464,-29.6587,-12.8219,35.8924,-6.1022,29.7256,33.5372,-27.2531,-29.7809,-34.2512,-45.182,10.7212,0.0,39.7975,-23.7199,56.9463],"intensity":[null,null,null,null,25.0,20.0,33.3333,85.7143,87.5,100.0,100.0,18.1818,50.0,38.4615,14.2857,46.6667,25.0,47.0588,77.7778,73.6842,5.0,4.7619,13.6364,4.3478,66.6667,24.0,92.3077],"confirmation":[53.4727,0.1248,52.1053,40.1371,68.2269,8.5113,51.9614,88.1892,86.2727,82.7236,89.7625,36.0907,26.4059,72.4794,81.8014,55.0938,83.3934,26.6969,83.7886,76.7637,26.8274,81.8238,28.7391,1.2784,86.7859,31.5226,55.0],"persistence":[null,null,0.0,25.0,40.0,50.0,28.5714,12.5,12.5,25.0,25.0,0.0,0.0,0.0,0.0,25.0,25.0,0.0,0.0,25.0,25.0,25.0,25.0,12.5,12.5,37.5,12.5],"assessmentRisk":[null,null,null,null,11.7701,38.1867,0.3176,17.3021,20.8255,47.5696,3.7691,50.1685,41.5005,6.1311,24.6586,17.696,12.0693,37.309,12.4823,14.4839,40.9274,27.634,11.2529,14.0169,20.556,52.6256,14.7861],"volumeParticipation":true,"latest":{"consensus":69.9,"control":65.2,"force":95.6,"direction":56.9,"confirmation":55.0,"persistence":12.5,"assessmentRisk":14.8,"intensity":92.3,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+69.9","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+65.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+95.6","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+56.9","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"65.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"14.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"9.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"96%","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":[15.8408,17.29,13.2613,11.8051,10.022,11.6324,13.6849,16.6511,17.7812,13.1496,11.2801,13.24,13.67,13.1209,14.63,13.41,15.4411,15.63,12.7097,12.0609,12.222,11.0246,12.52,12.4357,15.2865,13.8834,18.2657],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,14.0128,13.58,13.5991,14.154,14.8135,14.511,13.9235,13.7993,13.7758,13.6567,13.8337,13.7566,14.0629,14.3478,14.05,13.6883,13.4217,12.9859,12.9012,12.8165,13.2656,13.378,14.2666],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,14.4928,14.3912,14.4089,14.3349,14.4168,14.5067,14.3736,14.2023,14.0556,13.8311,13.734,13.6378,13.7599,13.7691,14.1021],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,19.133,18.9111,18.6566,18.4564,18.2521,18.1806,18.0213,18.066,18.1239,17.9859,17.871,17.6351,17.103,17.0821,17.0742,17.1083,17.1071,17.8754],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,9.0907,8.7977,8.9499,9.1295,9.2378,9.4273,9.5374,9.6881,9.8251,9.8299,9.7601,9.6342,9.5397,9.4865,9.5574,10.0498,10.2761,9.9659],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,58.695,73.0239,174.1399,151.7029,218.7155,305.8113,150.5838,158.6543,399.0938,141.7356,142.4878,103.9671,45.0916,67.2278,48.9926,59.2547,68.291,113.6051,70.2087,256.0582],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,113.1405,125.4075,93.5283,65.0,111.3278,135.0,119.3372,135.0,83.1936,102.0851,121.5637,107.3196,101.3153,110.563,103.9765,111.9446,102.7386,118.5915,108.6551,135.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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