Upward price structure retains strong Market Dynamics support
Market Dynamics eased this week but remains positive. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. The completed evidence supports the upward price structure.
Preparing Market Dynamics chart
Checking the chart library, completed-week data and display size.
Market Dynamics eased this week but remains positive.
Price location
Distribution zone
Price is extended; support can persist, but rollover risk must be monitored.
Latest positioning marker
5 Jan 2024
The green dot marks a confirmed recovery where institutional positioning is most plausible.
Market Dynamics confirmation
Supported
The broader path remains constructive, so one softer week does not by itself establish weakening confirmation.
Chart contextPrice is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.
InterpretationThe advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.
Reading the zones and markers
The line shows completed weekly price. Market Dynamics describes the underlying support. Green marks a recovery through the accumulation zone; amber and red identify reversal warnings and danger. Price can stay in the distribution zone while advancing. Read the zones, markers and Market Dynamics together; they do not identify individual trades or prove who is participating.
02 ยท Technical indicators
Test the durability of the advance.
6 selected views ยท 156 observations
Price is above both trend references. Trend strength supports a persistent move. Use momentum and available participation or leadership to test whether the move gains support.
Fast trend reference 6,746.11 JPYClose +5.3%Slow trend reference 6,215.27 JPYClose +14.3%Selection adapts to the setup and available history.
Structure
Price and trend
Price7,106.00
Aligned upward. Price anchors every interpretation against the same completed observations.
Watch Watch whether price holds its trend references or begins to cross back through them.
Values and chart guide ยท 2026-09-25
Price is shown against fast and slow trend references with its current volatility envelope.
Close
7,106.00
Fast trend
6,746.11
Slow trend
6,215.27
Upper envelope
7,569.39
Lower envelope
4,659.91
Available history begins 2023-10-06. Missing observations remain gaps.
Structure
Trend strength and direction
Trend strength39.27
Directional trend. Trend strength helps decide how much weight to put on momentum extremes.
Watch Strength measures persistence, not direction. Compare positive and negative control before interpreting it.
Values and chart guide ยท 2026-09-25
Directional pressure shows which side controls the tape while strength remains direction-neutral.
Trend strength
39.27
Positive direction
38.72
Negative direction
10.41
Available history begins 2023-10-06. Missing observations remain gaps.
Momentum
Momentum change
Impulse expansion118.54
Positive impulse, easing. Acceleration can reveal a change before the broader price structure fully responds.
Watch A return through the neutral line deserves attention when trend and participation also change.
Values and chart guide ยท 2026-09-25
The impulse path separates directional acceleration from a loss of momentum.
Impulse
435.99
Signal
317.45
Expansion
118.54
Available history begins 2023-10-06. Missing observations remain gaps.
Risk
Drawdown and recovery
Drawdown-2.36%
Recovery still incomplete. Distance below the observed high separates recovery from an established new high.
Watch A recovery can improve while price remains below its former high. Track both parts of the path.
Values and chart guide ยท 2026-09-25
Capital impairment and recovery are shown together so return is not separated from path difficulty.
Drawdown
-2.36
Recovery
36.84
Available history begins 2023-10-06. Missing observations remain gaps.
Participation
Volume participation
Activity / norm79.54
Below normal activity. Activity tests the participation behind price; it does not identify who is buying or selling.
Watch Look for sustained participation in the direction of price, rather than a single busy observation.
Values and chart guide ยท 2026-09-25
Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.
Activity versus norm
79.54
Cumulative balance
131.80
Available history begins 2023-10-06. Missing observations remain gaps.
Leadership
Relative strength
Relative strength12.64
Leading the benchmark. Benchmark context tests whether the move is company leadership or broader market participation.
Watch Watch whether relative strength confirms the absolute trend or continues to disagree.
Values and chart guide ยท 2026-09-25
Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.
Relative strength
12.64
Available history begins 2023-10-06. Missing observations remain gaps.
More indicators3 additional views from the same history๏ผ
Structure
Position in the recent range
Range position82.77%
Pressing the upper range. Range location is especially useful when a trend is not yet firmly established.
Watch Look for acceptance outside the range or a return toward its middle, supported by momentum.
Values and chart guide ยท 2026-09-25
Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.
Range position
82.77
From high
-5.37
From low
37.45
Available history begins 2023-10-06. Missing observations remain gaps.
Momentum
Momentum
Momentum67.00
Positive pressure. Momentum helps test whether the latest price direction has follow-through.
Watch Watch for pressure to turn with price. A stretched reading alone does not establish a reversal.
Values and chart guide ยท 2026-09-25
Two independent momentum views show whether pressure is broadening, fading or stretched.
Momentum
67.01
Rotation
82.77
Rotation signal
83.82
Available history begins 2023-10-06. Missing observations remain gaps.
Risk
Range and volatility
Range pressure5.24%
Ordinary variability. Recent variability puts the size of price moves and reference gaps in context.
Watch Watch whether a range expansion gains directional follow-through or quickly reverses.
Values and chart guide ยท 2026-09-25
Movement pressure and envelope width show whether risk is expanding, settling or compressed.
Range pressure
5.25
Envelope width
47.58
Available history begins 2023-10-06. Missing observations remain gaps.
03 ยท Scenarios
Conditions to monitor
Possible developments ยท no assigned probabilities
Follow-through
The current direction gains support
Price keeps its trend alignment, momentum follows through and available participation or relative strength confirms. Compare this with the Market Dynamics reading.
Pause or repair
Pressure settles without structural damage
Momentum eases while price holds the relevant trend reference. Quieter activity can accompany a pause; it does not by itself confirm a reversal.
Challenge the view
Price and supporting evidence weaken together
Price loses its current alignment and momentum or leadership moves against it. Reassess the setup if the disagreement persists across completed observations.
Sharemaestro tape intelligence
SM gauge assessment
One assessment resolves price structure and Market Dynamics. The supporting views show the control, force, direction and confidence behind it.
100/100 evidence depth observed participation included
Joint upward confirmationThe gauges support the upward market view
Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.
SM Consensus Gauge+6.2
Joint upward confirmation
SM Control Gauge+4.3
Control support is limited
SM Force Gauge+37.6
Upward commitment
SM Direction Gauge+39.8
Upward follow-through
SM Confirmation Gauge17/100
Limited support
SM consensus path ยท Market Dynamics display window
SM Consensus Gauge against price
The bars show the direction and strength of the resolved assessment. Completed price is retained as context.
66.7% were higher after 12 weeks. The strongest recovery arrived after 8.1 weeks on average.
How to use the reading
Strategy observations from this ticker's own record
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.
Trend participation
Let confirmation support the position, then manage extension
In this ticker's completed record, 53.3% of comparable cases moved higher after 12 weeks, with an average move of 3.8% across 15 cases.
ApproachThis is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.
Review the case whenReassess the reading when either price structure or the Market Dynamics state changes materially.
Zone positioning
Use distribution to protect capital before considering the short case
After distribution, 100.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 3.0 weeks on average before leaving the zone.
ApproachReview 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.
Review the case whenA sustained repair in price and Market Dynamics invalidates the downside setup.
Disagreement playbook
Use unsupported price strength to tighten discipline
Comparable disagreements produced an average pullback of 5.6% across 17 completed cases, with the largest move arriving after 4.6 weeks on average.
ApproachAvoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.
Review the case whenThe warning ends when Market Dynamics catches up or price gives way.
Historical outcomes describe this ticker's completed record. They do not make the next move certain and are not trading instructions.
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