{"schema_version":"1.0","name":"SAP Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"3aa6d630-1fe8-4285-a64d-fa48832ef72b","symbol":"SAP","name":"SAP SE ADR","exchange":"NYSE","country":"US","asset_type":"equity","currency":"USD","sector":"Technology","industry":"Software - Application"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Acceleration, deceleration and rollover, Range position and boundary pressure, Drawdown and recovery pressure, Activity pressure and cumulative balance."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[0.854146,0.943742,0.845376,0.921062,0.97441,1.076111,1.055138,1.017165,0.934539,1.056436,1.238395,1.452227,1.246273,0.77289,0.464224,0.321276,0.662941,0.991143,1.208408,0.776362,0.549457,0.505295,0.691784,1.275951,1.571282,1.690693,1.696704,1.548154,1.363193,0.904564,0.534289,0.073029,-0.446419,-0.509453,-0.805709,-0.679999,-0.343041,-0.272054,0.029914,0.054426,0.059002,0.281488,0.344743,0.387772,0.416698,0.330559,0.408198,0.515341,0.427084,0.122569,-0.275741,-0.640685,-0.971213,-1.072156,-1.182522,-1.220773,-1.088567,-1.057163,-0.992065,-1.0424,-1.104487,-0.996243,-0.963858,-1.016709,-1.208673,-1.40046,-1.507401,-1.396492,-1.24729,-1.081366,-0.998342,-1.097719,-0.91493,-0.908371,-0.883492,-0.87013,-1.103293,-1.229902,-1.366689,-1.347846,-1.329734,-1.420572,-1.432623,-1.512057,-1.626151,-1.579169,-1.392881,-1.153405,-0.948002,-0.531513,-0.272169,0.014418,0.344949,0.537806,0.541804,0.386345,0.274521,0.078535,0.030567,0.161634,0.234433,0.600241,1.00878,1.282448],"opens":[210.699793,211.918218,214.774207,206.722854,217.87388,224.648322,223.800299,214.842438,224.453374,224.063478,234.736881,227.153404,231.403271,223.897773,231.17908,233.664667,247.778902,246.229066,240.341636,240.643805,239.006242,241.618545,260.333553,266.143003,265.187758,271.991443,285.355128,280.140269,278.259021,261.941874,259.193107,268.85278,257.27287,234.32749,253.578605,248.743895,277.527966,293.231027,281.173494,290.917035,296.915121,295.980993,297.023283,291.044863,281.811742,297.868915,299.46185,292.745959,301.271109,280.503963,279.456756,284.05365,271.270843,268.606119,262.372042,264.230466,246.973675,259.422163,258.527367,267.170511,262.922686,270.346547,267.947313,259.608989,247.327661,238.59602,235.331487,237.509481,241.221412,243.473153,241.811388,241.526233,234.092538,244.402364,221.019659,230.867338,202.140436,203.34497,198.733326,195.79328,192.577913,196.638912,187.405792,177.789188,164.013254,169.028048,160.188245,175.114631,172.715396,169.244372,173.24,167.78,176.53,193.97,182.595,166.52,150.43,157.53,160.14,157.52,156.0,169.88,191.7,203.785],"highs":[214.569511,215.651472,214.954533,217.025856,224.375395,225.291651,224.84327,223.127728,226.363865,234.015574,236.871562,234.300198,231.568976,230.779437,231.919883,249.66015,248.392988,247.574207,248.110801,243.977416,247.437743,258.023419,270.35388,273.448582,276.728679,286.281131,285.42336,282.337626,280.432691,262.55596,265.959362,273.351205,265.714118,255.362379,258.120893,272.391087,295.034296,295.731235,292.48047,297.151111,299.343855,306.197406,301.103949,293.522761,298.183569,301.782421,308.045997,304.555307,303.395021,286.73804,294.474097,285.646585,273.866736,272.200054,268.556954,267.480249,266.885356,267.691656,269.264925,272.863777,271.644494,276.664204,269.569746,261.437914,250.936346,238.753347,238.694349,246.103461,243.738642,243.797639,242.470194,242.430862,244.072863,251.624651,230.916502,235.983804,204.081063,209.42172,202.361677,202.558335,198.870987,198.123684,189.71653,178.438161,170.325994,174.927805,185.35071,177.651527,174.121505,180.025,173.83,185.355,182.82,196.39,183.67,168.1881,155.37,163.035,165.95,162.28,161.305,188.86,207.5302,214.39],"lows":[210.441487,210.407371,205.065796,205.480061,215.563746,217.649689,213.926183,212.020566,221.928798,222.357684,225.603568,222.494147,221.77284,223.468887,225.701042,232.212305,240.054088,237.047015,238.538465,234.610165,238.236198,241.170165,259.105381,261.279051,261.912632,271.845232,274.593999,266.074771,265.421696,247.983598,258.861696,258.111146,242.096168,228.591146,249.816109,241.355366,275.604414,286.17391,278.814623,287.170689,291.064528,294.953452,287.505008,282.637708,280.715371,290.877703,295.794167,291.939659,280.66129,276.334801,277.205015,264.171468,263.635573,264.949548,259.766316,252.386703,244.171291,256.563141,258.153715,261.044597,260.121874,264.407458,253.827227,244.859596,239.018836,229.608723,230.1692,236.373778,238.050292,236.088623,239.952964,230.729677,230.621515,228.035454,217.199567,191.860109,186.058681,196.442254,195.803113,190.001685,184.795149,185.596533,171.584609,161.033877,163.305283,157.975836,159.952254,159.293448,165.832346,168.39874,158.58,167.37,171.69,180.0201,160.03,154.125,148.06,151.95,153.29,152.53,144.97,167.7,188.73,201.3883],"closes":[213.614266,214.16012,205.991799,215.690462,223.030254,222.240715,215.300566,222.386926,224.61908,231.685945,227.221636,231.559229,222.542884,230.28232,231.598219,247.720418,246.901636,241.63804,243.831205,235.30223,245.176346,256.190908,269.310908,269.086718,272.576287,283.347164,275.841666,268.053494,269.808026,257.214385,265.645886,261.230314,242.222884,252.603865,250.89807,270.928977,294.098546,286.544311,291.457846,289.943575,297.800085,304.624137,288.458802,282.785202,296.059656,298.645717,295.823666,300.858126,283.217851,278.271888,287.239519,273.20793,266.580536,267.612993,264.505788,252.8636,262.450705,259.667986,266.010226,261.093761,268.34063,265.046599,255.665984,247.750477,240.936257,232.745427,237.711056,243.129,240.739598,240.247952,242.440695,232.961752,242.981506,229.687386,227.209488,197.681203,199.942776,201.112895,199.205307,198.163016,198.870987,186.766652,172.86289,161.2797,168.90022,160.37507,178.192338,172.331912,167.907094,173.7,169.48,175.95,181.79,184.77,164.18,155.22,155.09,162.59,157.86,159.04,160.0,183.62,206.16,207.97],"pressureRange":[-1.934243,1.934243],"priceRange":[123.985784,304.624137],"zones":{"accumulationBoundary":0.112251,"distributionBoundary":0.887749},"latest":1.282448,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.36,"forwardCorrelation":0.16,"directionalAgreement":48.0,"sample":254,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":6.5,"medianWeeksInZone":6.5,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"medianReturn":7.3,"averageReturn":7.3,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":19.6,"averageReturn":19.6,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":36.6,"averageReturn":36.6,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":3.2,"sample":2},{"week":2,"averageReturn":5.6,"sample":2},{"week":3,"averageReturn":7.1,"sample":2},{"week":4,"averageReturn":7.3,"sample":2},{"week":5,"averageReturn":7.6,"sample":2},{"week":6,"averageReturn":6.7,"sample":2},{"week":7,"averageReturn":8.3,"sample":2},{"week":8,"averageReturn":10.4,"sample":2},{"week":9,"averageReturn":12.2,"sample":2},{"week":10,"averageReturn":13.4,"sample":2},{"week":11,"averageReturn":18.0,"sample":2},{"week":12,"averageReturn":19.6,"sample":2},{"week":13,"averageReturn":20.1,"sample":2},{"week":14,"averageReturn":18.6,"sample":2},{"week":15,"averageReturn":16.9,"sample":2},{"week":16,"averageReturn":18.0,"sample":2},{"week":17,"averageReturn":16.8,"sample":2},{"week":18,"averageReturn":19.6,"sample":2},{"week":19,"averageReturn":19.6,"sample":2},{"week":20,"averageReturn":23.7,"sample":2},{"week":21,"averageReturn":21.1,"sample":2},{"week":22,"averageReturn":27.7,"sample":2},{"week":23,"averageReturn":27.9,"sample":2},{"week":24,"averageReturn":31.6,"sample":2},{"week":25,"averageReturn":32.5,"sample":2},{"week":26,"averageReturn":36.6,"sample":2}]},"distribution":{"label":"Distribution","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"averageWeeksInZone":4.0,"medianWeeksInZone":4,"averageWeeksToLower":1.3,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"medianReturn":-4.3,"averageReturn":-3.7,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-11.0,"averageReturn":-8.7,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-18.1,"averageReturn":-20.5,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.2,"sample":3},{"week":2,"averageReturn":-2.7,"sample":3},{"week":3,"averageReturn":-2.2,"sample":3},{"week":4,"averageReturn":-3.7,"sample":3},{"week":5,"averageReturn":-4.8,"sample":3},{"week":6,"averageReturn":-4.5,"sample":3},{"week":7,"averageReturn":-7.1,"sample":3},{"week":8,"averageReturn":-5.6,"sample":3},{"week":9,"averageReturn":-5.7,"sample":3},{"week":10,"averageReturn":-5.6,"sample":3},{"week":11,"averageReturn":-6.7,"sample":3},{"week":12,"averageReturn":-8.7,"sample":3},{"week":13,"averageReturn":-10.5,"sample":3},{"week":14,"averageReturn":-9.5,"sample":3},{"week":15,"averageReturn":-12.6,"sample":3},{"week":16,"averageReturn":-12.0,"sample":3},{"week":17,"averageReturn":-11.6,"sample":3},{"week":18,"averageReturn":-13.3,"sample":3},{"week":19,"averageReturn":-15.6,"sample":3},{"week":20,"averageReturn":-15.0,"sample":3},{"week":21,"averageReturn":-17.3,"sample":3},{"week":22,"averageReturn":-14.9,"sample":3},{"week":23,"averageReturn":-16.4,"sample":3},{"week":24,"averageReturn":-16.1,"sample":3},{"week":25,"averageReturn":-20.0,"sample":3},{"week":26,"averageReturn":-20.5,"sample":3}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":15,"completedEpisodes":14,"activeEpisodes":1,"medianExpectedMove":14.2,"averageExpectedMove":13.9,"averageWeeksToLargestMove":8.9,"horizons":[{"weeks":4,"sample":15,"expectedCount":10,"expectedPercent":66.7,"averageReturn":5.0,"medianReturn":2.9,"confidenceLow":41.7,"confidenceHigh":84.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":14,"expectedCount":11,"expectedPercent":78.6,"averageReturn":10.3,"medianReturn":12.5,"confidenceLow":52.4,"confidenceHigh":92.4,"confidence":"Historically consistent"},{"weeks":26,"sample":13,"expectedCount":11,"expectedPercent":84.6,"averageReturn":20.1,"medianReturn":24.2,"confidenceLow":57.8,"confidenceHigh":95.7,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.9,"sample":15},{"week":2,"averageReturn":4.8,"sample":15},{"week":3,"averageReturn":4.7,"sample":15},{"week":4,"averageReturn":5.0,"sample":15},{"week":5,"averageReturn":3.2,"sample":14},{"week":6,"averageReturn":4.7,"sample":14},{"week":7,"averageReturn":4.0,"sample":14},{"week":8,"averageReturn":4.2,"sample":14},{"week":9,"averageReturn":5.1,"sample":14},{"week":10,"averageReturn":7.0,"sample":14},{"week":11,"averageReturn":9.1,"sample":14},{"week":12,"averageReturn":10.3,"sample":14},{"week":13,"averageReturn":9.5,"sample":13},{"week":14,"averageReturn":10.5,"sample":13},{"week":15,"averageReturn":12.9,"sample":13},{"week":16,"averageReturn":11.7,"sample":13},{"week":17,"averageReturn":13.3,"sample":13},{"week":18,"averageReturn":11.2,"sample":13},{"week":19,"averageReturn":11.9,"sample":13},{"week":20,"averageReturn":10.7,"sample":13},{"week":21,"averageReturn":12.1,"sample":13},{"week":22,"averageReturn":14.6,"sample":13},{"week":23,"averageReturn":16.8,"sample":13},{"week":24,"averageReturn":18.4,"sample":13},{"week":25,"averageReturn":18.1,"sample":13},{"week":26,"averageReturn":20.1,"sample":13}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":19,"completedEpisodes":19,"activeEpisodes":0,"medianExpectedMove":9.5,"averageExpectedMove":11.7,"averageWeeksToLargestMove":7.7,"horizons":[{"weeks":4,"sample":19,"expectedCount":14,"expectedPercent":73.7,"averageReturn":-2.9,"medianReturn":-3.8,"confidenceLow":51.2,"confidenceHigh":88.2,"confidence":"Historically consistent"},{"weeks":12,"sample":19,"expectedCount":13,"expectedPercent":68.4,"averageReturn":-2.0,"medianReturn":-4.7,"confidenceLow":46.0,"confidenceHigh":84.6,"confidence":"Mixed historical record"},{"weeks":26,"sample":16,"expectedCount":9,"expectedPercent":56.2,"averageReturn":-3.7,"medianReturn":-19.3,"confidenceLow":33.2,"confidenceHigh":76.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.5,"sample":19},{"week":2,"averageReturn":-2.1,"sample":19},{"week":3,"averageReturn":-2.2,"sample":19},{"week":4,"averageReturn":-2.9,"sample":19},{"week":5,"averageReturn":-3.6,"sample":19},{"week":6,"averageReturn":-2.7,"sample":19},{"week":7,"averageReturn":-2.5,"sample":19},{"week":8,"averageReturn":-2.3,"sample":19},{"week":9,"averageReturn":-1.3,"sample":19},{"week":10,"averageReturn":-2.2,"sample":19},{"week":11,"averageReturn":-2.9,"sample":19},{"week":12,"averageReturn":-2.0,"sample":19},{"week":13,"averageReturn":-1.7,"sample":19},{"week":14,"averageReturn":-3.6,"sample":18},{"week":15,"averageReturn":-3.6,"sample":18},{"week":16,"averageReturn":-6.0,"sample":17},{"week":17,"averageReturn":-4.7,"sample":17},{"week":18,"averageReturn":-4.1,"sample":17},{"week":19,"averageReturn":-4.4,"sample":17},{"week":20,"averageReturn":-4.7,"sample":17},{"week":21,"averageReturn":-3.9,"sample":17},{"week":22,"averageReturn":-3.6,"sample":17},{"week":23,"averageReturn":-4.8,"sample":17},{"week":24,"averageReturn":-4.4,"sample":16},{"week":25,"averageReturn":-3.6,"sample":16},{"week":26,"averageReturn":-3.7,"sample":16}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":19,"completedEpisodes":19,"activeEpisodes":0,"medianExpectedMove":11.7,"averageExpectedMove":12.2,"averageWeeksToLargestMove":7.2,"horizons":[{"weeks":4,"sample":19,"expectedCount":12,"expectedPercent":63.2,"averageReturn":-0.9,"medianReturn":-2.7,"confidenceLow":41.0,"confidenceHigh":80.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":19,"expectedCount":12,"expectedPercent":63.2,"averageReturn":-2.0,"medianReturn":-5.3,"confidenceLow":41.0,"confidenceHigh":80.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":16,"expectedCount":8,"expectedPercent":50.0,"averageReturn":0.3,"medianReturn":3.6,"confidenceLow":28.0,"confidenceHigh":72.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.9,"sample":19},{"week":2,"averageReturn":0.3,"sample":19},{"week":3,"averageReturn":-0.5,"sample":19},{"week":4,"averageReturn":-0.9,"sample":19},{"week":5,"averageReturn":-2.6,"sample":19},{"week":6,"averageReturn":-3.0,"sample":19},{"week":7,"averageReturn":-2.9,"sample":19},{"week":8,"averageReturn":-3.5,"sample":19},{"week":9,"averageReturn":-3.9,"sample":19},{"week":10,"averageReturn":-5.3,"sample":19},{"week":11,"averageReturn":-4.0,"sample":19},{"week":12,"averageReturn":-2.0,"sample":19},{"week":13,"averageReturn":-1.9,"sample":19},{"week":14,"averageReturn":-1.3,"sample":19},{"week":15,"averageReturn":-1.5,"sample":18},{"week":16,"averageReturn":-1.2,"sample":18},{"week":17,"averageReturn":-1.8,"sample":18},{"week":18,"averageReturn":-2.7,"sample":17},{"week":19,"averageReturn":-2.5,"sample":17},{"week":20,"averageReturn":-3.2,"sample":17},{"week":21,"averageReturn":-2.9,"sample":17},{"week":22,"averageReturn":-1.1,"sample":17},{"week":23,"averageReturn":0.8,"sample":17},{"week":24,"averageReturn":1.0,"sample":17},{"week":25,"averageReturn":0.1,"sample":16},{"week":26,"averageReturn":0.3,"sample":16}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":13,"completedEpisodes":12,"activeEpisodes":1,"medianExpectedMove":14.3,"averageExpectedMove":14.2,"averageWeeksToLargestMove":9.0,"horizons":[{"weeks":4,"sample":13,"expectedCount":8,"expectedPercent":61.5,"averageReturn":2.3,"medianReturn":1.7,"confidenceLow":35.5,"confidenceHigh":82.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":12,"expectedCount":10,"expectedPercent":83.3,"averageReturn":10.6,"medianReturn":10.0,"confidenceLow":55.2,"confidenceHigh":95.3,"confidence":"Historically consistent"},{"weeks":26,"sample":12,"expectedCount":9,"expectedPercent":75.0,"averageReturn":16.4,"medianReturn":24.6,"confidenceLow":46.8,"confidenceHigh":91.1,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.7,"sample":13},{"week":2,"averageReturn":-0.5,"sample":13},{"week":3,"averageReturn":2.5,"sample":13},{"week":4,"averageReturn":2.3,"sample":13},{"week":5,"averageReturn":2.9,"sample":13},{"week":6,"averageReturn":4.0,"sample":13},{"week":7,"averageReturn":5.2,"sample":13},{"week":8,"averageReturn":7.0,"sample":13},{"week":9,"averageReturn":8.8,"sample":13},{"week":10,"averageReturn":7.8,"sample":12},{"week":11,"averageReturn":8.5,"sample":12},{"week":12,"averageReturn":10.6,"sample":12},{"week":13,"averageReturn":10.2,"sample":12},{"week":14,"averageReturn":11.2,"sample":12},{"week":15,"averageReturn":9.7,"sample":12},{"week":16,"averageReturn":10.6,"sample":12},{"week":17,"averageReturn":9.9,"sample":12},{"week":18,"averageReturn":11.6,"sample":12},{"week":19,"averageReturn":12.0,"sample":12},{"week":20,"averageReturn":12.7,"sample":12},{"week":21,"averageReturn":13.0,"sample":12},{"week":22,"averageReturn":12.5,"sample":12},{"week":23,"averageReturn":12.6,"sample":12},{"week":24,"averageReturn":15.7,"sample":12},{"week":25,"averageReturn":15.8,"sample":12},{"week":26,"averageReturn":16.4,"sample":12}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"medianExpectedMove":12.0,"averageExpectedMove":10.1,"averageWeeksToLargestMove":7.7,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-3.7,"medianReturn":-4.3,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-8.7,"medianReturn":-11.0,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-20.5,"medianReturn":-18.1,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.2,"sample":3},{"week":2,"averageReturn":-2.7,"sample":3},{"week":3,"averageReturn":-2.2,"sample":3},{"week":4,"averageReturn":-3.7,"sample":3},{"week":5,"averageReturn":-4.8,"sample":3},{"week":6,"averageReturn":-4.5,"sample":3},{"week":7,"averageReturn":-7.1,"sample":3},{"week":8,"averageReturn":-5.6,"sample":3},{"week":9,"averageReturn":-5.7,"sample":3},{"week":10,"averageReturn":-5.6,"sample":3},{"week":11,"averageReturn":-6.7,"sample":3},{"week":12,"averageReturn":-8.7,"sample":3},{"week":13,"averageReturn":-10.5,"sample":3},{"week":14,"averageReturn":-9.5,"sample":3},{"week":15,"averageReturn":-12.6,"sample":3},{"week":16,"averageReturn":-12.0,"sample":3},{"week":17,"averageReturn":-11.6,"sample":3},{"week":18,"averageReturn":-13.3,"sample":3},{"week":19,"averageReturn":-15.6,"sample":3},{"week":20,"averageReturn":-15.0,"sample":3},{"week":21,"averageReturn":-17.3,"sample":3},{"week":22,"averageReturn":-14.9,"sample":3},{"week":23,"averageReturn":-16.4,"sample":3},{"week":24,"averageReturn":-16.1,"sample":3},{"week":25,"averageReturn":-20.0,"sample":3},{"week":26,"averageReturn":-20.5,"sample":3}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"caution","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":83.3,"averageReturn":10.6,"sample":12},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 83.3% of comparable cases moved higher after 12 weeks, with an average move of 10.6% across 12 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 3 cases. Distinct visits lasted 4.0 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."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 14.2% across 12 completed cases, with the largest move arriving after 9.0 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[{"date":"2025-07-25","price":283.217851},{"date":"2025-08-15","price":273.20793}],"price_pressure_gaps":[{"date":"2025-05-02","price":294.098546},{"date":"2025-06-27","price":296.059656},{"date":"2025-08-08","price":287.239519}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[213.6143,214.1601,205.9918,215.6905,223.0303,222.2407,215.3006,222.3869,224.6191,231.6859,227.2216,231.5592,222.5429,230.2823,231.5982,247.7204,246.9016,241.638,243.8312,235.3022,245.1763,256.1909,269.3109,269.0867,272.5763,283.3472,275.8417,268.0535,269.808,257.2144,265.6459,261.2303,242.2229,252.6039,250.8981,270.929,294.0985,286.5443,291.4578,289.9436,297.8001,304.6241,288.4588,282.7852,296.0597,298.6457,295.8237,300.8581,283.2179,278.2719,287.2395,273.2079,266.5805,267.613,264.5058,252.8636,262.4507,259.668,266.0102,261.0938,268.3406,265.0466,255.666,247.7505,240.9363,232.7454,237.7111,243.129,240.7396,240.248,242.4407,232.9618,242.9815,229.6874,227.2095,197.6812,199.9428,201.1129,199.2053,198.163,198.871,186.7667,172.8629,161.2797,168.9002,160.3751,178.1923,172.3319,167.9071,173.7,169.48,175.95,181.79,184.77,164.18,155.22,155.09,162.59,157.86,159.04,160.0,183.62,206.16,207.97],"consensus":[46.0245,41.3428,-15.5595,57.596,59.5145,29.0983,0.0,53.2217,31.8768,62.7773,0.0,46.8812,-26.8332,43.6535,33.938,71.3153,39.9472,9.7231,37.3595,-28.3484,44.3274,65.5159,72.3817,42.3491,54.4174,69.1665,0.0,-14.0695,9.4025,-37.2945,31.1437,-21.864,-66.7705,19.4672,-30.2769,53.2551,73.9009,0.0,53.1436,22.1515,44.5482,55.4272,-20.9522,-23.0611,42.8811,21.695,0.0,39.7979,-49.0039,-38.0378,11.4974,-52.8298,-47.4815,-28.4978,-33.6466,-70.4666,10.5128,-32.0446,8.4089,-27.8729,17.959,-19.767,-49.8193,-51.1878,-55.1375,-57.5908,-14.9701,0.0,-23.7127,-14.1833,0.0,-51.8549,24.293,-57.8293,-26.3821,-73.8793,-27.733,-37.6496,-38.16,-22.4683,-8.1124,-67.0346,-75.3356,-75.9243,-16.8307,-64.5343,21.1772,-20.6755,-35.6078,0.0,-24.8603,10.7989,28.2857,11.1169,-47.9621,-52.3015,-17.1352,0.0,-28.7972,0.0,0.0,60.406,72.8799,43.4506],"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":[-45.5156,-26.8338,-25.5638,-68.0749,13.7682,-30.3072,12.1755,-39.0212,19.1089,-25.8408,-47.8111,-52.1767,-56.121,-54.9136,-2.2918,0.0,-26.7064,-22.092,0.0,-56.3481,26.1154,-52.5916,-15.57,-68.4013,-19.9999,-36.3925,-32.7417,-22.949,-1.7242,-69.8218,-76.5934,-79.6861,-5.1807,-65.0457,18.6687,-24.612,-44.3638,0.0,-21.1255,8.4744,25.7003,0.2009,-52.8876,-59.8919,-4.9398,0.0,-31.7439,0.0,0.0,53.7038,76.8397,38.0848],"force":[-44.6398,-6.6073,-18.0042,-86.7198,69.8935,-21.58,35.1824,-30.0087,38.7992,-31.0576,-66.5431,-52.1573,-49.5406,-55.0862,-20.8895,0.0,-11.4162,-0.5632,0.0,-51.2258,63.7949,-84.4912,-13.2109,-95.643,-9.695,-7.6585,-16.1145,-0.4631,-21.6592,-77.5087,-88.9977,-81.7251,-28.9309,-65.1391,80.3027,-21.365,-28.016,0.0,-21.0597,31.9069,40.2237,6.1089,-68.0576,-48.9701,-4.6266,0.0,-23.9949,0.0,0.0,87.0911,76.961,19.6852],"direction":[-51.7581,-46.0357,-54.0571,-61.5907,35.6224,-41.505,15.0198,-13.6064,1.7591,-4.7609,-40.1687,-49.3652,-58.0112,-62.4394,-55.0734,0.0,-29.0745,-15.6782,0.0,-47.1692,6.0053,-44.771,-48.1468,-64.5943,-63.3051,-60.5086,-60.0991,-38.2987,-36.6786,-56.3676,-64.1396,-67.4818,-62.8317,-63.5177,18.1885,-15.6841,-31.0236,0.0,-31.8433,1.6216,22.7132,27.1696,-27.979,-46.0063,-46.6169,0.0,-28.8599,0.0,0.0,49.0049,65.4394,66.5581],"intensity":[75.0,1.9231,21.1538,73.0769,57.6923,75.0,25.0,17.3077,30.7692,19.2308,63.4615,51.9231,59.6154,73.0769,13.4615,34.6154,7.6923,5.7692,13.4615,51.9231,55.7692,78.8462,96.1538,98.0769,98.0769,55.7692,26.9231,21.1538,19.2308,69.2308,78.8462,61.5385,40.3846,44.2308,90.3846,38.4615,26.9231,23.0769,57.6923,67.3077,23.0769,82.6923,94.2308,86.5385,76.9231,38.4615,9.6154,7.6923,38.4615,96.1538,94.2308,76.9231],"confirmation":[83.1374,53.8108,78.4133,91.0811,35.3903,77.9618,29.3203,76.8145,51.6978,51.9103,84.4824,84.3946,85.4584,86.3935,8.3472,6.9223,75.1677,49.4222,27.3592,84.5059,55.5643,87.3977,76.2056,92.3881,32.5867,56.4864,79.6219,51.9158,6.4066,89.7278,92.5046,92.4152,10.3406,88.6616,35.1637,74.5772,79.0297,27.451,75.8964,49.8137,77.4546,26.2378,83.8853,84.5193,28.6596,30.4642,77.0239,26.0968,25.9005,88.2453,91.3856,81.2617],"persistence":[12.5,37.5,50.0,75.0,50.0,50.0,50.0,50.0,25.0,25.0,25.0,25.0,50.0,50.0,75.0,62.5,87.5,87.5,75.0,75.0,50.0,50.0,50.0,62.5,62.5,62.5,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,62.5,62.5,37.5,12.5,12.5,12.5,12.5,12.5,12.5,12.5,25.0,37.5,37.5,12.5,12.5],"assessmentRisk":[23.0819,26.4073,32.5403,13.9086,26.4833,21.7999,4.7663,51.7893,21.0241,41.2245,18.9991,22.1924,22.4118,21.1998,42.0273,26.6708,10.3312,50.3965,31.157,21.3279,4.3345,16.8979,35.7258,12.9902,36.1179,30.8739,30.6028,13.7648,1.6999,11.7682,11.8682,11.9879,41.2861,17.3721,11.6913,48.2822,11.9273,42.7799,25.9834,13.8798,31.2989,36.201,0.0964,22.4055,41.1,49.1065,15.5072,25.2289,26.3556,18.4204,13.54,28.2589],"volumeParticipation":true,"latest":{"consensus":43.5,"control":38.1,"force":19.7,"direction":66.6,"confirmation":81.3,"persistence":12.5,"assessmentRisk":28.3,"intensity":76.9,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","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":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+43.5","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+38.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+19.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+66.6","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"81/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"60.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"7.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"29.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"91%","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 is rotating through its trend references.","series":[{"label":"Close","values":[213.6143,214.1601,205.9918,215.6905,223.0303,222.2407,215.3006,222.3869,224.6191,231.6859,227.2216,231.5592,222.5429,230.2823,231.5982,247.7204,246.9016,241.638,243.8312,235.3022,245.1763,256.1909,269.3109,269.0867,272.5763,283.3472,275.8417,268.0535,269.808,257.2144,265.6459,261.2303,242.2229,252.6039,250.8981,270.929,294.0985,286.5443,291.4578,289.9436,297.8001,304.6241,288.4588,282.7852,296.0597,298.6457,295.8237,300.8581,283.2179,278.2719,287.2395,273.2079,266.5805,267.613,264.5058,252.8636,262.4507,259.668,266.0102,261.0938,268.3406,265.0466,255.666,247.7505,240.9363,232.7454,237.7111,243.129,240.7396,240.248,242.4407,232.9618,242.9815,229.6874,227.2095,197.6812,199.9428,201.1129,199.2053,198.163,198.871,186.7667,172.8629,161.2797,168.9002,160.3751,178.1923,172.3319,167.9071,173.7,169.48,175.95,181.79,184.77,164.18,155.22,155.09,162.59,157.86,159.04,160.0,183.62,206.16,207.97],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[201.7454,204.0027,204.3643,206.4236,209.443,211.7699,212.4118,214.2255,216.1152,218.9463,220.4509,222.4706,222.4837,223.9016,225.301,229.3773,232.5635,234.2134,235.9621,235.8421,237.5393,240.9305,246.0906,250.2717,254.3271,259.6034,262.5558,263.5554,264.6923,263.3326,263.7532,263.2945,259.4633,258.2161,256.8856,259.4389,265.7407,269.5232,273.5113,276.499,280.3719,284.7814,285.45,284.9655,286.9826,289.1032,290.3251,292.2402,290.5998,288.3583,288.1549,285.4373,282.0088,279.3914,276.6849,272.3538,270.5532,268.5741,268.1079,266.8326,267.1068,266.7322,264.7202,261.6348,257.8714,253.303,250.4681,249.1338,247.6075,246.2694,245.5733,243.2803,243.226,240.7644,238.2999,230.9147,225.2834,220.8888,216.9463,213.5312,210.8657,206.484,200.3711,193.2636,188.8339,183.6595,182.6655,180.7867,178.4449,177.5822,176.1091,176.0802,177.1183,178.5095,175.9042,172.1434,169.0428,167.8696,166.0496,164.7752,163.9069,167.4911,174.5218,180.6033],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[188.9774,190.8428,191.965,193.7224,195.8934,197.845,199.138,200.8602,202.6201,204.7731,206.436,208.2969,209.3522,210.9026,212.4356,215.0493,217.4087,219.2035,221.0278,222.0851,223.7956,226.1952,229.389,232.3296,235.3108,238.869,241.6078,243.5667,245.5105,246.3775,247.8048,248.7992,248.3121,248.63,248.798,250.4373,253.6715,256.1065,258.7251,261.0376,263.7608,266.7877,268.393,269.459,271.4295,273.4455,275.1031,277.0109,277.4707,277.53,278.2492,277.8758,277.0391,276.3409,275.4642,273.7901,272.9501,271.9663,271.5251,270.7524,270.5738,270.1643,269.0904,267.5096,265.5412,263.1119,261.2304,259.8895,258.471,257.1212,256.0337,254.3247,253.4845,251.7217,249.906,246.0375,242.6231,239.5482,236.5599,233.7157,231.1346,227.8481,223.7751,219.1458,215.4239,211.3462,208.8904,206.1823,203.3471,201.151,198.805,197.1121,195.9771,195.147,192.8531,190.0655,187.4747,185.6314,183.5742,181.7569,180.1453,180.4027,182.3106,184.2113],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[215.8401,218.4915,218.4041,220.727,223.7773,226.5396,227.8865,230.2777,231.1742,233.9901,234.5576,236.1451,236.5304,238.1517,239.5278,242.9422,246.9778,248.2381,249.7309,250.1664,252.0854,255.998,261.5947,266.8142,272.3418,279.548,283.1072,285.0587,286.9189,287.3321,287.9986,288.1745,286.3672,285.2569,283.965,285.3043,291.16,293.9169,297.2108,298.2879,301.4684,306.3405,307.8492,308.6143,310.9562,312.9535,314.8468,317.4413,317.8463,317.3614,317.7454,317.25,313.9356,312.0411,309.7197,312.1634,311.9384,312.364,311.5479,310.9561,308.6475,304.5591,303.6111,303.7476,301.9209,299.6141,296.0973,289.5016,286.6794,284.333,278.9016,277.003,275.2506,273.8692,272.7708,277.8797,278.9949,279.0037,277.0937,275.1738,270.6674,267.0686,266.1232,266.8383,265.9086,266.0653,263.0212,258.638,254.0668,248.3494,241.2221,235.04,224.814,217.0019,208.2727,207.1057,204.8355,201.0943,197.3706,193.0324,187.3321,186.6054,194.5929,201.6069],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[166.3165,167.6775,171.4427,172.7653,174.3574,175.5231,176.9132,177.7162,181.4986,183.2239,187.071,189.7139,191.9215,193.2546,195.0453,197.1802,197.029,199.9776,202.5416,204.5653,205.8026,206.0931,206.8283,206.9484,206.3755,205.2798,207.7748,210.3899,213.0486,215.1883,218.3642,221.1554,224.9307,228.2731,231.495,232.4766,231.3406,233.0743,234.5431,238.9302,241.0119,240.9833,241.3893,241.994,242.0005,241.533,241.638,242.3239,243.2599,245.8506,247.6259,249.3191,255.0692,258.4647,262.1469,257.8965,254.9568,251.8436,250.1149,247.8217,247.1844,247.315,244.9837,241.3438,237.6582,233.3748,231.0804,231.9032,230.4776,229.0216,229.9732,227.8471,227.2396,224.8285,222.1973,211.57,204.2041,198.3397,193.5693,189.1961,186.7556,182.5264,175.1914,165.8292,159.5554,152.1616,149.2539,146.5574,143.8453,142.9079,142.7391,143.22,147.3269,150.6472,153.0735,149.9943,147.7793,147.6682,147.2574,147.6833,149.4965,149.9086,145.2507,142.9057],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"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":[12.1664,11.631,11.5443,11.7494,13.3525,11.7333,7.4934,9.2115,8.877,12.838,11.6935,8.2751,5.9537,7.5172,6.6167,12.6432,12.3974,11.5039,11.2452,7.4307,13.5699,14.6948,17.9284,18.4408,19.5741,21.7418,19.8047,17.0072,20.8996,17.3704,19.9798,19.1299,20.7773,18.4575,18.5951,21.6429,27.2668,23.643,18.7148,20.4109,20.603,20.5006,13.7807,11.1005,11.8324,10.3797,9.0907,9.6416,1.4136,1.8017,2.2434,-3.864,-6.5833,-6.3068,-7.799,-13.206,-11.0076,-11.6963,-10.605,-10.1264,-9.2715,-12.0352,-15.6452,-16.8246,-19.1369,-20.2247,-21.2862,-19.5595,-19.679,-19.7277,-19.9137,-22.0315,-19.6825,-23.4691,-23.6267,-33.3202,-31.9074,-30.0636,-30.9438,-30.4249,-28.1702,-30.9326,-34.2542,-36.5937,-35.0914,-39.8036,-35.2716,-36.9318,-38.2172,-36.6579,-37.4631,-34.713,-32.5408,-28.6594,-36.0316,-39.1579,-36.753,-34.1036,-35.8756,-33.3181,-31.5645,-21.3247,-13.658,-12.3646],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"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":[10.9575,11.2806,10.7536,10.9918,11.6387,11.9499,11.5039,11.5887,11.7011,12.2196,12.1304,12.2683,11.5173,11.4151,11.3098,12.3846,13.0202,12.9499,12.9222,12.0729,12.0576,12.7868,14.259,15.2321,16.0993,17.4544,17.7185,17.1022,16.5644,14.9497,14.1868,13.0752,10.539,9.26,8.0163,8.5485,10.7163,11.6899,12.7115,13.2463,14.141,15.2252,14.6116,13.5118,13.555,13.6407,13.3273,13.3315,11.7756,10.0279,9.2597,7.433,5.3884,3.8075,2.2776,0.1243,-0.7994,-1.736,-1.944,-2.4771,-2.2884,-2.3772,-3.1681,-4.383,-5.8285,-7.548,-8.4131,-8.5627,-8.773,-8.877,-8.6824,-9.1872,-8.6786,-9.2418,-9.7754,-12.4375,-14.2011,-15.3277,-16.1878,-16.7604,-16.9615,-17.8914,-19.5251,-21.5066,-22.2061,-23.1812,-22.2596,-21.7514,-21.4583,-20.522,-19.8913,-18.6543,-17.0067,-15.2843,-15.4031,-16.0355,-16.3586,-15.827,-15.6074,-15.1634,-14.5662,-12.048,-8.1398,-4.8406],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[10.0264,10.2772,10.3725,10.4964,10.7248,10.9698,11.0767,11.1791,11.2835,11.4707,11.6027,11.7358,11.6921,11.6367,11.5713,11.734,11.9912,12.183,12.3308,12.2792,12.2349,12.3453,12.728,13.2288,13.8029,14.5332,15.1703,15.5567,15.7582,15.5965,15.3146,14.8667,14.0012,13.0529,12.0456,11.3462,11.2202,11.3142,11.5936,11.9242,12.3675,12.9391,13.2736,13.3212,13.368,13.4225,13.4035,13.3891,13.0664,12.4587,11.8189,10.9417,9.8311,8.6263,7.3566,5.9101,4.5682,3.3074,2.2571,1.3103,0.5905,-0.003,-0.636,-1.3854,-2.274,-3.3288,-4.3457,-5.1891,-5.9059,-6.5001,-6.9366,-7.3867,-7.6451,-7.9644,-8.3266,-9.1488,-10.1593,-11.1929,-12.1919,-13.1056,-13.8768,-14.6797,-15.6488,-16.8204,-17.8975,-18.9542,-19.6153,-20.0425,-20.3257,-20.365,-20.2702,-19.947,-19.359,-18.544,-17.9158,-17.5398,-17.3035,-17.0082,-16.7281,-16.4151,-16.0453,-15.2459,-13.8247,-12.0279],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[0.9311,1.0034,0.3811,0.4955,0.9139,0.9801,0.4273,0.4096,0.4177,0.7489,0.5278,0.5326,-0.1748,-0.2216,-0.2615,0.6506,1.029,0.767,0.5914,-0.2063,-0.1773,0.4415,1.531,2.0033,2.2963,2.9212,2.5482,1.5455,0.8062,-0.6468,-1.1278,-1.7915,-3.4621,-3.7929,-4.0293,-2.7977,-0.5039,0.3758,1.1179,1.3221,1.7735,2.2862,1.3381,0.1906,0.1871,0.2182,-0.0762,-0.0576,-1.2908,-2.4308,-2.5592,-3.5087,-4.4427,-4.8189,-5.079,-5.7858,-5.3676,-5.0433,-4.2011,-3.7873,-2.8789,-2.3742,-2.532,-2.9976,-3.5545,-4.2192,-4.0674,-3.3736,-2.8671,-2.3769,-1.7458,-1.8005,-1.0335,-1.2774,-1.4488,-3.2888,-4.0419,-4.1348,-3.9959,-3.6548,-3.0847,-3.2117,-3.8763,-4.6863,-4.3086,-4.2269,-2.6443,-1.7088,-1.1326,-0.1571,0.3789,1.2928,2.3523,3.2598,2.5127,1.5043,0.945,1.1813,1.1206,1.2517,1.4792,3.1978,5.6849,7.1872],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[97.9243,96.8338,79.4922,97.2453,97.5905,94.6232,82.3923,94.8809,96.9279,96.2148,84.4288,91.428,76.8791,89.3675,91.1558,97.1461,95.8358,87.2482,90.2288,75.9314,92.4837,97.3058,98.7019,94.7726,94.5656,96.3874,87.1459,77.5564,79.6128,60.8584,72.2124,66.2663,40.6707,47.7939,45.1496,76.2013,98.7227,87.5783,94.0863,89.9125,97.8181,97.9728,77.1428,69.8321,86.9369,90.2692,84.6173,90.9535,68.7519,62.527,73.8135,56.1536,47.8125,49.112,45.2013,30.5487,42.6148,39.1126,47.0948,29.597,40.4634,32.6817,17.9957,5.6034,2.7778,3.999,10.3297,17.2371,14.1908,13.564,16.3595,4.2748,17.8431,2.1921,12.9537,5.6728,13.9415,16.6151,14.5097,13.3594,15.3216,2.146,1.2165,0.2126,6.803,2.0215,17.0333,12.8646,9.5989,16.7906,12.2844,19.1932,25.4292,28.6113,6.6249,1.1231,6.788,14.0299,9.4627,12.4881,16.514,59.9674,94.9393,90.7519],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-0.4452,-0.6916,-4.4793,-0.6153,-0.5995,-1.3542,-4.4347,-1.2893,-0.7708,-0.9955,-4.0739,-2.2427,-6.0491,-2.7818,-2.2262,-0.7769,-1.1049,-3.2132,-2.3348,-5.751,-1.796,-0.7102,-0.3858,-1.5951,-1.5005,-1.0249,-3.6466,-6.367,-5.7542,-10.1532,-7.208,-8.7504,-15.3899,-11.7637,-12.3596,-5.3626,-0.3172,-3.1065,-1.445,-2.4255,-0.5157,-0.5138,-5.7932,-7.6461,-3.3109,-2.4663,-3.9677,-2.3334,-8.0599,-9.6655,-6.7543,-11.3094,-13.4608,-13.1256,-14.1343,-17.9137,-14.8015,-15.7048,-13.6459,-15.242,-12.8894,-13.9588,-17.004,-19.5735,-21.7856,-24.4446,-22.8326,-21.0738,-21.8495,-22.0091,-21.2972,-24.3744,-20.2176,-24.2943,-22.8423,-32.8697,-30.0034,-27.3079,-27.9974,-28.3742,-28.1183,-32.4934,-37.5189,-41.7056,-38.9512,-42.0326,-35.5926,-36.0715,-35.7755,-30.9686,-32.6457,-30.0744,-27.7535,-26.5692,-34.752,-38.3129,-38.3645,-35.3839,-37.2637,-32.6055,-32.1987,-12.3205,-1.5575,-2.9945],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[26.7372,27.061,22.2148,27.969,32.3237,31.8552,27.7376,31.942,32.4643,34.334,29.9162,32.3962,27.241,31.6661,30.6642,36.3412,34.6123,29.3909,28.3281,23.8393,29.0361,34.833,41.7381,41.6201,36.0712,38.1738,34.5137,30.7158,31.3062,21.3158,25.2925,23.2099,14.245,13.9021,13.1329,22.1651,32.6125,29.2062,30.4244,28.4636,30.2763,33.2616,26.1898,23.7079,29.5149,30.6462,29.4117,31.6141,23.8971,21.7334,25.6564,19.5182,16.6189,17.0706,15.7113,10.6183,14.8123,13.5949,16.3694,8.1781,11.1807,8.5495,4.7076,1.4659,0.8022,1.3661,3.5288,5.8884,4.8478,4.6336,5.5886,1.4603,5.8242,0.7244,4.6086,3.034,7.4622,8.0911,7.0658,6.5057,7.617,1.0669,0.745,0.1527,4.8849,1.5187,12.7972,9.0875,6.2866,9.9535,7.2822,11.3778,15.0746,16.9609,3.9273,0.7105,4.7481,9.8136,6.6189,7.4159,10.3677,26.6607,42.2087,43.4573],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"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,-3.8141,0.0,0.0,-0.354,-3.4658,-0.2884,0.0,0.0,-1.9269,-0.0547,-3.9463,-0.6058,-0.0379,0.0,-0.3305,-2.4553,-1.57,-5.013,-1.027,0.0,0.0,-0.0832,0.0,0.0,-2.6489,-5.3975,-4.7783,-9.2229,-6.2472,-7.8056,-14.5137,-10.85,-11.4521,-4.3827,0.0,-2.5686,-0.8979,-1.4128,0.0,0.0,-5.3066,-7.1691,-2.8115,-1.9626,-2.889,-1.2363,-7.0271,-8.6507,-5.7069,-10.3131,-12.4887,-12.1498,-13.1698,-16.9916,-13.8444,-14.7579,-12.6759,-14.2899,-11.9109,-12.9923,-16.0717,-18.6701,-20.907,-23.5959,-21.9658,-20.1872,-20.9716,-21.133,-20.4132,-23.5249,-20.2356,-24.5997,-25.4132,-35.1065,-34.3641,-33.98,-34.6062,-34.9484,-34.7159,-38.6895,-43.2537,-47.0562,-44.5546,-47.3531,-41.5042,-43.428,-44.8806,-42.9789,-44.3642,-42.2403,-40.3232,-39.3449,-46.1041,-49.0454,-49.0881,-46.626,-48.1788,-47.7914,-47.4763,-39.7224,-32.3232,-31.729],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[26.2396,26.5622,21.735,27.4666,31.8042,31.3376,27.2362,31.424,27.186,31.1874,27.7735,30.2127,25.1425,29.4946,26.5041,35.3104,30.4594,25.7036,26.8445,22.4076,27.5442,28.3851,34.9599,32.3838,32.3239,37.5526,33.9091,30.1282,25.3169,19.4676,23.3837,21.3329,8.9196,13.5079,12.7414,21.7424,32.1537,28.7591,26.5654,25.1925,26.5607,29.4608,22.5908,20.1796,25.821,23.2938,22.1287,24.2071,16.9245,14.8826,18.5848,12.792,10.0559,10.4821,9.1993,4.3929,8.3509,7.2021,6.0232,4.0637,6.1207,4.818,1.1083,0.0,0.0,0.0,2.1335,4.4613,3.4347,3.2235,4.1656,0.0929,4.398,0.0,0.0,0.0,1.1441,1.736,0.771,0.2437,0.6019,0.0,0.0,0.0,4.725,0.0,11.1097,7.4555,4.6965,8.3086,5.6773,9.7116,13.353,15.2112,2.3725,0.0,0.0,4.8359,1.7861,2.5469,3.1659,18.3958,32.9293,34.0963],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[109.0493,108.3179,85.2922,107.4465,84.0911,101.3347,88.6858,99.5507,99.7554,168.7483,102.3929,112.9895,118.5615,84.3585,67.162,98.3199,99.0105,150.5327,92.4583,65.1295,108.7427,109.0266,93.9654,173.5363,119.6319,91.6497,80.5932,149.4549,179.8559,143.1827,167.8342,90.4016,135.5617,243.8677,90.2587,170.6691,147.345,88.9956,97.1558,84.6068,69.1478,60.3837,94.4833,72.5404,91.6572,62.7375,88.2753,75.5183,169.6094,106.923,94.2673,149.759,109.4233,94.2679,80.6428,192.6884,208.4097,97.8671,80.5497,82.4203,73.0317,149.4947,116.3125,75.8471,84.3223,111.5045,75.9288,94.4285,80.5166,100.4549,37.7976,49.4611,103.5258,130.5726,167.3674,266.6926,316.3029,179.4482,72.0577,128.198,184.315,120.8366,134.9699,125.4394,87.0119,146.823,162.3791,174.7555,109.6968,137.7133,114.7705,102.7596,77.3451,115.1545,89.9707,55.2248,80.0743,62.3097,68.1541,103.9301,132.8966,137.2202,89.7705,77.6193],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[121.9116,126.1832,122.8587,126.9254,130.1182,126.2243,122.7875,130.983,135.0,135.0,131.1601,135.0,130.5171,133.7514,135.0,135.0,131.7777,126.7641,129.8098,127.6658,131.252,134.8563,135.0,129.4598,133.3711,135.0,132.457,127.5841,133.7548,128.8403,134.8601,131.6192,126.6582,135.0,131.439,135.0,135.0,132.0049,135.0,132.0599,134.4646,135.0,131.8087,129.4085,132.4588,134.5479,131.5558,134.0804,128.2902,124.6306,127.8056,122.5392,118.6721,121.8243,119.1249,112.5463,119.9397,116.4353,119.308,116.3633,118.9842,113.3476,108.8884,105.9605,102.6965,98.2488,101.2789,105.1089,101.9491,97.9918,99.4483,97.6275,101.4354,96.5174,89.8844,78.7008,93.0676,101.6763,98.1976,91.7865,101.6736,95.1373,87.6308,80.3835,85.4909,76.5424,87.0457,75.0262,67.2269,77.4496,68.5,76.8484,83.2316,92.924,85.1316,80.5345,74.1978,78.7188,73.3246,80.9081,92.0014,103.7852,111.4797,118.0889],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]}]},"canonical_url":"https://sharemaestro.com/terminal/3aa6d630-1fe8-4285-a64d-fa48832ef72b/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/3aa6d630-1fe8-4285-a64d-fa48832ef72b/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/3aa6d630-1fe8-4285-a64d-fa48832ef72b/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/3aa6d630-1fe8-4285-a64d-fa48832ef72b/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/3aa6d630-1fe8-4285-a64d-fa48832ef72b/technical-pack/data.json"},"source_fingerprint":"1b18e5d901ae29aa40bc5e4761b7d3aae6084c71a6cf1b65031641cdadb02ca3","content_hash":"87c225482e4987f83f072e3f65c9df4cb636772ae6381e461837bae00fccfb31","citation":"Sharemaestro, SAP Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/3aa6d630-1fe8-4285-a64d-fa48832ef72b/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."}