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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-49.5,"medianReturn":-49.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-44.8,"sample":1},{"week":2,"averageReturn":-49.0,"sample":1},{"week":3,"averageReturn":-49.0,"sample":1},{"week":4,"averageReturn":-49.5,"sample":1},{"week":5,"averageReturn":-47.8,"sample":1},{"week":6,"averageReturn":-49.7,"sample":1},{"week":7,"averageReturn":-49.7,"sample":1},{"week":8,"averageReturn":-49.7,"sample":1},{"week":9,"averageReturn":-54.8,"sample":1},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":50.0,"averageReturn":-3.0,"sample":16},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 50.0% of comparable cases moved lower after 12 weeks, with an average move of -3.0% across 16 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 5 cases. Distinct visits lasted 4.4 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 8.0% across 16 completed cases, with the largest move arriving after 5.1 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."},{"eyebrow":"Position management","title":"Size for the path, not only the eventual long reward","tone":"positive","finding":"Across 1 completed accumulation cycles, the average gross long opportunity was 129.1%, while the average adverse move was 3.5%.","approach":"Scale exposure only as confirmation improves, and keep enough risk capacity to survive the ticker's observed adverse path.","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":[{"date":"2025-05-23","price":10.0},{"date":"2025-06-20","price":9.06},{"date":"2025-07-04","price":9.44}],"distribution_rollovers":[],"price_pressure_gaps":[{"date":"2026-06-12","price":19.9}]}},"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":[9.3347,9.3347,9.4299,9.5252,19.0408,14.7926,13.5448,13.5448,13.5448,12.3827,12.3827,12.3827,10.8873,10.8873,11.4302,11.4302,11.4302,11.4302,9.5347,9.5347,9.5347,9.5347,9.5347,9.5347,9.5347,9.9919,9.9919,9.9919,9.9919,9.9919,9.8871,8.3821,8.3821,8.3821,8.3821,8.3821,8.82,8.82,8.82,10.0,9.23,8.49,8.49,9.06,8.51,9.44,10.01,12.0,14.79,13.0,12.5,12.5,13.62,11.0,10.65,10.65,11.12,10.8,10.39,9.76,9.76,9.21,9.01,9.01,9.01,9.01,9.01,9.01,10.0,9.5,9.5,10.01,10.02,10.98,10.8,10.0,9.13,10.69,10.0,10.0,10.64,9.98,9.98,9.98,9.95,9.95,9.95,9.95,9.95,9.25,8.91,8.91,11.95,15.31,19.9,10.99,10.15,10.15,10.04,10.39,10.01,10.01,10.01,9.0],"consensus":[-45.0088,-16.5162,0.0,41.1308,84.7436,0.0,0.0,38.3741,18.1189,-38.7726,0.0,0.0,-63.2108,-31.4227,0.0,-20.2901,0.0,0.0,-64.7969,-40.5198,-40.4632,-40.1128,-29.9463,-29.1684,-28.2294,0.0,0.0,0.0,0.0,-9.163,-37.851,-61.5543,-43.8007,-43.8309,-43.5095,-31.4245,17.3231,-8.7123,0.0,63.0061,-10.4138,-40.5001,-27.0909,20.4086,-49.3125,53.3415,58.4687,86.0571,65.2103,0.0,29.66,34.9952,65.2774,-53.605,-37.5692,-22.8043,11.367,-37.2067,-44.5305,-58.5993,-33.7994,-64.2686,-58.487,-36.7057,-36.3542,-30.7149,-26.4986,-25.4076,56.4989,-34.055,0.0,58.9092,0.0,73.1997,28.8824,-27.8735,-65.1061,49.9539,-37.557,0.0,60.0243,-42.7587,0.0,0.0,-12.6142,0.0,0.0,0.0,0.0,-59.6163,-58.6233,-35.6416,62.3031,61.8305,65.7412,-28.6471,-31.0608,-25.8451,-27.811,0.0,-38.7399,-16.882,-15.3682,-55.8493],"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":[84.6628,-48.6839,-31.3584,-17.9746,27.9542,-42.2987,-53.5111,-67.9657,-28.248,-72.5925,-63.2398,-31.6718,-30.811,-29.8793,-28.8791,-27.8158,51.396,-41.3856,0.0,58.2714,0.0,68.5867,22.8404,-27.8734,-64.2909,54.9263,-30.0007,0.0,55.0936,-42.4923,0.0,0.0,-6.1501,0.0,0.0,0.0,0.0,-52.5605,-66.7091,-30.794,45.7463,61.0531,62.9463,-41.1868,-32.6029,-21.54,-23.0978,0.0,-47.5973,-18.4729,-17.3245,-46.7642],"force":[75.8192,-99.399,-50.1164,-10.0336,34.2812,-53.1327,-46.3915,-50.3454,-9.868,-51.3171,-40.7742,-8.5065,-8.7933,-3.5388,-0.0,-0.0,97.4337,-72.7339,0.0,86.3717,0.0,97.3807,3.8121,-71.4836,-94.0073,81.7663,-82.7883,0.0,89.3411,-77.9646,0.0,0.0,-10.6164,0.0,0.0,0.0,0.0,-84.0663,-45.5635,-10.1889,90.4784,43.6079,43.639,-59.81,-21.7027,-10.4043,-12.6499,0.0,-41.6674,-1.1573,-0.2681,-75.5817],"direction":[35.5928,-26.5192,-35.7049,-37.4458,23.9569,-20.0116,-32.9378,-53.7906,-57.2377,-64.0068,-65.7072,-62.6011,-62.3757,-51.0814,-42.7057,-40.8036,33.0915,-1.9505,0.0,40.0219,0.0,61.1995,59.1408,-3.2765,-45.3941,21.5479,-13.8845,0.0,44.7188,-17.9161,0.0,0.0,-21.4286,0.0,0.0,0.0,0.0,-50.2156,-58.7109,-59.3621,61.1,75.7353,84.7227,-7.9433,-35.9829,-41.7944,-44.0268,0.0,-26.5261,-26.2958,-23.9182,-52.1376],"intensity":[67.3077,92.3077,65.3846,84.6154,50.0,44.2308,46.1538,63.4615,63.4615,57.6923,59.6154,40.3846,38.4615,40.3846,42.3077,44.2308,75.0,57.6923,67.3077,57.6923,75.0,73.0769,76.9231,92.3077,65.3846,84.6154,59.6154,30.7692,57.6923,57.6923,23.0769,23.0769,25.0,21.1538,21.1538,21.1538,23.0769,75.0,96.1538,23.0769,100.0,100.0,94.2308,100.0,78.8462,21.1538,28.8462,36.5385,38.4615,25.0,23.0769,88.4615],"confirmation":[88.9146,86.6242,80.4992,74.9818,31.8605,80.3139,82.1696,86.3575,78.1711,88.0444,86.1036,78.9631,78.8779,54.3466,52.969,52.6527,87.4049,57.7141,2.1082,87.6976,3.4106,92.2311,54.4846,56.2809,89.7272,84.879,81.5118,48.0451,88.1764,82.7598,0.8628,0.8508,49.4075,1.1744,1.1375,1.0994,0.8332,87.9299,86.2382,78.7035,89.048,87.2423,88.4062,56.9536,77.6308,75.8655,76.5093,30.5423,80.351,50.2321,49.7612,94.6116],"persistence":[87.5,62.5,37.5,12.5,12.5,0.0,25.0,50.0,75.0,75.0,75.0,75.0,100.0,100.0,100.0,100.0,75.0,75.0,62.5,37.5,25.0,0.0,25.0,25.0,0.0,25.0,12.5,0.0,12.5,12.5,25.0,12.5,12.5,25.0,12.5,12.5,25.0,25.0,37.5,50.0,25.0,12.5,0.0,12.5,25.0,25.0,25.0,12.5,37.5,62.5,87.5,87.5],"assessmentRisk":[70.3649,17.7774,24.7603,32.1428,53.0704,11.3773,12.8483,0.694,23.0706,15.0458,17.5697,18.0741,18.2499,1.6634,13.2493,12.7038,20.9637,59.2649,42.0804,19.762,0.4463,13.26,35.3552,12.8976,13.8033,45.0265,21.5372,3.5949,18.4027,16.6003,0.0743,0.0453,31.9137,0.1744,0.4508,0.5254,1.458,12.2484,20.3801,32.0182,17.7189,19.0792,17.1292,43.9102,10.8513,33.7357,35.9334,11.9381,17.0919,6.163,7.1946,6.7514],"volumeParticipation":true,"latest":{"consensus":-55.8,"control":-46.8,"force":-75.6,"direction":-52.1,"confirmation":94.6,"persistence":87.5,"assessmentRisk":6.8,"intensity":88.5,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-55.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-46.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-75.6","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-52.1","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"95/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"44.2","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"13.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"14.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"8%","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 downward.","series":[{"label":"Close","values":[9.3347,9.3347,9.4299,9.5252,19.0408,14.7926,13.5448,13.5448,13.5448,12.3827,12.3827,12.3827,10.8873,10.8873,11.4302,11.4302,11.4302,11.4302,9.5347,9.5347,9.5347,9.5347,9.5347,9.5347,9.5347,9.9919,9.9919,9.9919,9.9919,9.9919,9.8871,8.3821,8.3821,8.3821,8.3821,8.3821,8.82,8.82,8.82,10.0,9.23,8.49,8.49,9.06,8.51,9.44,10.01,12.0,14.79,13.0,12.5,12.5,13.62,11.0,10.65,10.65,11.12,10.8,10.39,9.76,9.76,9.21,9.01,9.01,9.01,9.01,9.01,9.01,10.0,9.5,9.5,10.01,10.02,10.98,10.8,10.0,9.13,10.69,10.0,10.0,10.64,9.98,9.98,9.98,9.95,9.95,9.95,9.95,9.95,9.25,8.91,8.91,11.95,15.31,19.9,10.99,10.15,10.15,10.04,10.39,10.01,10.01,10.01,9.0],"stroke":"#10243b","width":2.1},{"label":"Fast 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