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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":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-0.7,"medianReturn":-0.7,"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":2.3,"sample":2},{"week":2,"averageReturn":2.3,"sample":2},{"week":3,"averageReturn":2.4,"sample":2},{"week":4,"averageReturn":-0.7,"sample":1},{"week":5,"averageReturn":3.8,"sample":1},{"week":6,"averageReturn":3.8,"sample":1},{"week":7,"averageReturn":4.0,"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":1,"activeEpisodes":0,"medianExpectedMove":0.0,"averageExpectedMove":0.0,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":5.3,"medianReturn":5.3,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":5.7,"medianReturn":5.7,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.0,"sample":1},{"week":2,"averageReturn":3.9,"sample":1},{"week":3,"averageReturn":5.0,"sample":1},{"week":4,"averageReturn":5.3,"sample":1},{"week":5,"averageReturn":5.7,"sample":1},{"week":6,"averageReturn":5.7,"sample":1},{"week":7,"averageReturn":5.7,"sample":1},{"week":8,"averageReturn":5.7,"sample":1},{"week":9,"averageReturn":5.7,"sample":1},{"week":10,"averageReturn":5.7,"sample":1},{"week":11,"averageReturn":5.7,"sample":1},{"week":12,"averageReturn":5.7,"sample":1},{"week":13,"averageReturn":4.9,"sample":1},{"week":14,"averageReturn":9.7,"sample":1},{"week":15,"averageReturn":9.7,"sample":1},{"week":16,"averageReturn":10.0,"sample":1},{"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":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-01","price":8.892}],"reversal_dangers":[{"date":"2026-05-08","price":8.892}]}},"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":[8.396,8.396,8.396,8.396,8.396,8.396,8.396,8.396,8.46,8.46,8.46,8.892,8.892,9.239,9.34,9.366,9.4,9.4,9.399,9.399,9.399,9.399,9.399,9.399,9.332,9.753,9.753,9.778],"consensus":[-100.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,58.2643,30.061,29.3652,83.8873,50.5442,95.848,77.9283,38.5443,41.5913,47.8586,43.9337,41.3127,36.1989,34.9856,33.6853,31.9823,-13.2876,73.4858,44.6311,35.281],"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,0.0,0.0,0.0,53.002,21.3765,20.1649,71.8606,38.682,96.4885,84.5548,18.1885,25.0088,39.3253,38.5248,38.2917,37.7858,37.2814,36.7768,36.268,-18.4191,83.0003,39.3619,20.976],"force":[-100.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,75.0086,14.1464,14.673,96.6046,17.9993,99.8964,47.4585,1.9917,5.9538,9.949,6.2598,4.34,0.1507,0.1623,0.0,0.0,-50.1485,57.9936,10.438,2.3327],"direction":[null,null,null,null,0.0,0.0,0.0,0.0,52.3182,51.3538,50.3742,88.5484,87.3474,92.2243,92.1192,90.7623,85.9981,84.6894,77.0251,71.1743,60.3493,57.4676,54.2133,49.9288,-18.9061,73.678,75.0768,75.1642],"intensity":[null,null,null,null,75.0,80.0,83.3333,85.7143,87.5,77.7778,70.0,100.0,91.6667,84.6154,85.7143,73.3333,50.0,47.0588,44.4444,42.1053,45.0,47.619,50.0,52.1739,70.8333,92.0,92.3077,59.2593],"confirmation":[54.6667,0.0,0.0,0.0,0.0,0.0,0.0,0.0,87.2351,77.2668,77.0893,95.4148,83.3631,98.785,91.9075,57.1672,57.8091,82.2895,58.3264,57.4726,55.8172,55.4572,55.0389,54.5277,31.9972,90.8983,81.3202,55.0],"persistence":[null,null,33.3333,25.0,20.0,16.6667,14.2857,12.5,12.5,25.0,37.5,50.0,62.5,75.0,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0],"assessmentRisk":[null,null,null,null,null,null,null,null,20.632,34.7975,35.1903,8.0234,24.6572,2.0745,11.0355,30.6211,29.1427,17.3049,1.7386,8.8815,18.4631,17.8525,16.8427,15.9911,23.3036,12.61,27.4671,32.2289],"volumeParticipation":true,"latest":{"consensus":35.3,"control":21.0,"force":2.3,"direction":75.2,"confirmation":55.0,"persistence":75.0,"assessmentRisk":32.2,"intensity":59.3,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+35.3","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+21.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+2.3","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+75.2","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":"93.0","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"0.8%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"95.5","detail":"Directional","tone":"positive"},{"label":"Range position","value":"99%","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":[8.396,8.396,8.396,8.396,8.396,8.396,8.396,8.396,8.46,8.46,8.46,8.892,8.892,9.239,9.34,9.366,9.4,9.4,9.399,9.399,9.399,9.399,9.399,9.399,9.332,9.753,9.753,9.778],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,8.396,8.396,8.396,8.396,8.4076,8.4172,8.4249,8.5099,8.5793,8.6993,8.8158,8.9158,9.0039,9.0759,9.1346,9.1827,9.222,9.2542,9.2805,9.3021,9.3075,9.3885,9.4548,9.5135],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,8.4781,8.5344,8.5941,8.6513,8.7067,8.7581,8.8056,8.8495,8.8902,8.9279,8.9628,8.9951,9.0201,9.0744,9.1246,9.173],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,8.46,8.4705,8.7234,8.8364,9.0539,9.2302,9.3628,9.4715,9.5561,9.6234,9.6782,9.746,9.8025,9.8478,9.8819,9.8956,9.9633,10.0091,10.0358],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,8.3576,8.3564,8.1832,8.1378,8.0277,7.9579,7.9218,7.9022,7.8969,7.9004,7.9093,7.9418,7.9856,8.0406,8.1068,8.1867,8.2547,8.3446,8.4561],"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":"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,96.1981,95.4509],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,57.9174,62.1144,63.4206,61.5708,61.5708,61.5161,61.5161,61.5161,61.5161,61.5161,61.5161,56.2843,66.4397,66.4397,67.8935],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,0.0,0.0,0.0,0.0,0.0,0.0889,0.0889,0.0889,0.0889,0.0889,0.0889,8.5862,5.4498,5.4498,5.2137],"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":"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":[null,null,null,null,null,null,null,0.0,59.2593,59.2593,59.2593,92.5373,92.5373,101.3221,98.8482,95.098,98.4314,98.4314,98.3333,98.3333,98.3333,98.3333,98.3333,98.3333,91.7647,100.0,100.0,98.5735],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-1.27,-0.5174,-0.5174,-0.5174,-0.4478,-0.4478,0.1192,-0.1176,-0.531,-0.1699,-0.1699,-0.1805,-0.1805,-0.1805,-0.1805,-0.1805,-0.1805,-0.8921,0.0,0.0,-0.2041],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,0.0,0.7623,0.7623,0.7623,5.9076,5.9076,10.0405,11.2434,11.5531,11.9581,11.9581,11.9462,11.9462,11.9462,11.9462,11.9462,11.9462,11.1482,16.1625,16.1625,16.4602],"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],"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":"momentum","eyebrow":"Momentum pressure","title":"Directional pressure and rotation","description":"Two independent momentum views show whether pressure is broadening, fading or stretched.","reason":"Selected because momentum is stretched and deserves mean-reversion context.","series":[{"label":"Momentum","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,100.0,100.0,100.0,100.0,99.847,99.847,99.847,99.847,99.847,99.847,86.0788,92.7985,92.7985,93.0302],"stroke":"#063b66","width":2.0},{"label":"Rotation","values":[null,null,null,null,null,null,0.0,0.0,59.2593,59.2593,59.2593,92.5373,92.5373,101.3221,98.8482,95.098,98.4314,98.4314,98.3333,98.3333,98.3333,98.3333,98.2218,98.2218,91.2134,100.0,100.0,96.4222],"stroke":"#1678a7","width":1.5},{"label":"Rotation signal","values":[null,null,null,null,null,null,null,0.0,19.7531,39.5062,59.2593,70.3519,81.4446,95.4656,97.5692,98.4228,97.4592,97.3203,98.3987,98.366,98.3333,98.3333,98.2961,98.2589,95.8856,96.4784,97.0711,98.8074],"stroke":"#b87806","width":1.4}],"guides":[{"label":"Upper 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