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evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-45.8,"medianReturn":-45.8,"confidenceLow":0.0,"confidenceHigh":79.3,"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":-8.2,"sample":1},{"week":2,"averageReturn":-42.9,"sample":1},{"week":3,"averageReturn":-40.1,"sample":1},{"week":4,"averageReturn":-45.8,"sample":1},{"week":5,"averageReturn":-27.6,"sample":1},{"week":6,"averageReturn":-26.0,"sample":1},{"week":7,"averageReturn":-17.7,"sample":1},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-66.1,"medianReturn":-66.1,"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":-27.1,"sample":1},{"week":2,"averageReturn":-40.6,"sample":1},{"week":3,"averageReturn":-45.5,"sample":1},{"week":4,"averageReturn":-66.1,"sample":1},{"week":5,"averageReturn":-64.4,"sample":1},{"week":6,"averageReturn":-67.8,"sample":1},{"week":7,"averageReturn":-57.0,"sample":1},{"week":8,"averageReturn":-56.1,"sample":1},{"week":9,"averageReturn":-51.1,"sample":1},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","zone":"middle","zoneContext":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price 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 accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 7.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-06-19","price":256.069515}],"reversal_dangers":[{"date":"2026-06-26","price":186.572}]}},"smTape":{"available":true,"dates":["2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[22.8054,23.2536,24.4502,28.5934,27.3006,27.2163,31.4554,38.9985,55.62,65.36,89.506,89.4262,93.8585,100.2675,122.2697,132.1726,194.9047,213.7573,256.0695,186.572,152.01,139.58,86.73,91.12,82.34,110.1,112.43,125.18],"consensus":[-70.6431,41.1792,99.293,33.9508,46.0032,21.4345,56.2968,78.7343,91.7147,92.8003,89.9088,62.0953,69.6677,71.6358,87.3022,58.8483,71.7799,56.9548,72.3937,0.0,-31.2052,-22.4609,-60.3151,-33.6615,-34.282,11.7359,0.0,17.4097],"supportDates":["2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,7.2576,53.7147,66.6391,90.4218,92.5652,85.2891,62.3228,57.5521,58.4951,84.4926,39.0069,62.3706,43.0136,65.8868,0.0,-26.2588,-16.947,-58.1874,-32.9479,-27.3027,24.0273,0.0,13.8001],"force":[-70.6431,41.1792,99.293,33.9508,4.529,1.0967,38.2883,96.0805,98.6269,97.0354,93.7413,24.8273,65.508,76.0864,94.6407,54.6867,85.4012,57.9143,79.6527,0.0,-79.0585,-36.7573,-78.2839,-14.2495,-22.6332,45.1076,0.0,29.1305],"direction":[null,null,null,null,82.0976,53.7304,72.1109,80.1671,88.2551,90.0438,92.451,88.4552,86.4854,83.4749,85.2713,84.4966,72.8039,72.2022,74.6452,0.0,-2.6772,-18.551,-49.9118,-48.3427,-50.5788,26.1483,0.0,13.1628],"intensity":[null,null,null,null,75.0,60.0,66.6667,100.0,100.0,100.0,100.0,54.5455,75.0,92.3077,92.8571,100.0,100.0,94.1176,88.8889,94.7368,80.0,90.4762,86.3636,56.5217,62.5,64.0,57.6923,51.8519],"confirmation":[45.2724,35.844,54.4404,33.5309,36.5269,29.289,85.5055,93.9079,97.5791,97.8287,96.958,86.7312,90.3515,91.2593,96.2032,87.007,91.5281,86.4672,91.4864,39.1238,56.8527,75.7072,87.8809,78.1909,78.7216,32.8302,23.8626,55.0],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,62.5,37.5,12.5,12.5,37.5,37.5,50.0,37.5],"assessmentRisk":[null,null,null,null,25.9825,38.0104,21.7327,10.5609,4.1396,3.5998,5.0456,18.9522,15.1631,14.177,6.3201,20.574,14.1096,21.5225,13.8031,51.7368,28.3467,37.8542,19.8356,32.7585,31.0574,39.8084,30.3392,28.6263],"volumeParticipation":true,"latest":{"consensus":17.4,"control":13.8,"force":29.1,"direction":13.2,"confirmation":55.0,"persistence":37.5,"assessmentRisk":28.6,"intensity":51.9,"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 easing","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+17.4","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+13.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+29.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+13.2","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":"54.9","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"32.4%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"65.5","detail":"Directional","tone":"positive"},{"label":"Range position","value":"36%","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":[22.8054,23.2536,24.4502,28.5934,27.3006,27.2163,31.4554,38.9985,55.62,65.36,89.506,89.4262,93.8585,100.2675,122.2697,132.1726,194.9047,213.7573,256.0695,186.572,152.01,139.58,86.73,91.12,82.34,110.1,112.43,125.18],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,24.7285,25.1809,26.3217,28.6266,33.5345,39.3209,48.4455,55.8965,62.7987,69.6112,79.1855,88.8195,108.1077,127.3167,150.7263,157.2437,156.2921,153.2536,141.1584,132.0605,123.0204,120.6712,119.1728,120.265],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,43.0386,47.2778,52.8327,58.7098,68.7983,79.536,92.6126,99.5725,103.4568,106.1326,104.6953,103.6898,102.1083,102.7003,103.421,105.0328],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,62.304,80.7672,91.854,100.9966,109.5416,122.5118,134.9679,164.3975,191.0656,223.279,231.8107,236.9758,239.5577,238.069,236.5194,234.2893,232.0227,229.3231,226.9691],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,6.7067,-1.7564,-4.523,-5.9437,-6.9542,-10.4609,-13.3986,-27.0494,-37.5971,-50.9332,-49.425,-41.6696,-32.6188,-24.9022,-17.0999,-9.3659,1.1891,11.9862,22.9583],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"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":[0.0,0.0,0.0,0.0,-4.5214,-4.8161,0.0,0.0,0.0,0.0,0.0,-0.0892,0.0,0.0,0.0,0.0,0.0,0.0,0.0,-27.1401,-40.6372,-45.4914,-66.1303,-64.4159,-67.8447,-57.0039,-56.094,-51.1148],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,71.0058,143.89,186.5993,292.478,292.1278,311.5635,339.6665,436.1444,479.5683,754.6443,837.3116,1022.8479,718.1059,566.5538,512.0491,280.3053,299.5552,261.0555,382.7812,383.4943,411.9794],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"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":[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,68.5478,65.4678],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,51.1983,43.7533,49.7853,67.0989,52.7254,50.2148,42.5302,35.933,33.1048,29.7398,28.4859,26.9228,28.2681,28.5227,30.085],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,0.1245,0.0977,0.0828,0.0413,0.0325,0.0272,5.1871,10.748,12.8565,19.1861,18.3772,21.6689,20.1746,19.332,17.8869],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"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 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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 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MRVU Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/38b004e0-9938-4233-ad20-0fb334da7c90/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."}