{"schema_version":"1.0","name":"BEZ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"4215fa7d-bf60-4880-877f-cb365e3d7538","symbol":"BEZ","name":"Beng Kuang Marine Limited","exchange":"SES","country":"SG","asset_type":"equity","currency":"SGD","sector":"Energy","industry":"Oil & Gas Equipment & Services"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Directional strength and control."},{"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 weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","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":[-0.111775,-0.453098,-0.647249,-0.747939,-0.742658,-0.653981,-0.498486,-0.577167,-0.658285,-0.713801,-0.949039,-1.044583,-1.102313,-1.288735,-1.372896,-1.316626,-1.362174,-1.370351,-1.257218,-1.210194,-1.190102,-1.076111,-0.721992,-0.485461,-0.079645,0.469052,0.528021,0.404073,0.227119,-0.244244,-0.549834,-0.694653,-0.979759,-1.165099,-1.328053,-1.354066,-1.358401,-1.276758,-1.234855,-1.32732,-1.282696,-1.20087,-0.955281,-0.713931,-0.507471,0.002952,0.415584,0.905337,1.421694,1.518633,1.466935,1.37065,1.357896,1.391366,1.510603,1.600726,1.591427,1.53621,1.353679,1.222537,0.953323,0.683082,0.420758,0.075798,-0.201972,-0.503556,-0.754116,-0.900803,-1.001232,-1.072715,-1.068307,-0.92997,-0.823318,-0.648233,-0.517592,-0.56589,-0.553045,-0.602582,-0.463453,-0.023184,0.47693,0.993552,1.31172,1.268838,1.233819,1.215479,1.316026,1.510802,1.577683,1.672752,1.63945,1.515246,1.446427,1.051155,0.632482,0.302242,-0.13581,-0.372395,-0.459842,-0.581669,-0.495331,-0.486683,-0.551452,-0.652784],"opens":[0.227656,0.227656,0.208281,0.213125,0.242187,0.237344,0.247031,0.266406,0.247031,0.247031,0.237344,0.2325,0.2325,0.217969,0.217969,0.198594,0.217969,0.208281,0.203437,0.222812,0.237344,0.222813,0.217969,0.242188,0.2325,0.2325,0.251875,0.222812,0.198594,0.213125,0.198594,0.203437,0.198594,0.182125,0.169531,0.186969,0.191812,0.184062,0.188,0.185,0.181,0.18,0.179,0.182,0.175,0.176,0.205,0.23,0.24,0.255,0.245,0.235,0.245,0.265,0.3,0.35,0.355,0.375,0.345,0.35,0.355,0.335,0.34,0.305,0.305,0.295,0.29,0.27,0.29,0.285,0.27,0.285,0.325,0.305,0.31,0.285,0.285,0.28,0.28,0.305,0.345,0.385,0.4,0.405,0.37,0.380032,0.424452,0.463935,0.473806,0.473806,0.577452,0.552774,0.523161,0.498484,0.48,0.51,0.47,0.46,0.47,0.505,0.485,0.525,0.49,0.485],"highs":[0.242188,0.2325,0.227656,0.247031,0.256719,0.261563,0.266406,0.276094,0.261563,0.251875,0.242188,0.2325,0.2325,0.222813,0.217969,0.227656,0.217969,0.208281,0.222813,0.237344,0.242188,0.227656,0.247031,0.242188,0.242188,0.261562,0.261563,0.2325,0.217969,0.213125,0.213125,0.208281,0.203438,0.182125,0.186969,0.19375,0.191812,0.19,0.19,0.185,0.182,0.18,0.19,0.183,0.176,0.21,0.24,0.245,0.255,0.26,0.255,0.25,0.27,0.315,0.395,0.375,0.375,0.395,0.36,0.375,0.355,0.345,0.355,0.325,0.305,0.3,0.29,0.295,0.295,0.285,0.29,0.32,0.325,0.315,0.315,0.295,0.29,0.285,0.31,0.36,0.41,0.405,0.42,0.405,0.4,0.444194,0.473806,0.498484,0.493548,0.582387,0.592258,0.562645,0.547839,0.498484,0.495,0.515,0.47,0.475,0.505,0.505,0.55,0.53,0.49,0.485],"lows":[0.217969,0.208281,0.208281,0.198594,0.2325,0.237344,0.242187,0.242188,0.237344,0.2325,0.222813,0.222812,0.208281,0.208281,0.198594,0.198594,0.203437,0.198594,0.198594,0.217969,0.222812,0.208281,0.217969,0.227656,0.2325,0.2325,0.217969,0.19375,0.19375,0.192781,0.198594,0.198594,0.185031,0.161781,0.169531,0.184062,0.182125,0.182125,0.182,0.179,0.178,0.175,0.179,0.175,0.172,0.176,0.205,0.225,0.235,0.24,0.225,0.23,0.24,0.26,0.295,0.345,0.33,0.34,0.34,0.34,0.33,0.325,0.305,0.285,0.29,0.285,0.26,0.26,0.28,0.27,0.27,0.285,0.29,0.3,0.285,0.285,0.28,0.27,0.28,0.305,0.345,0.36,0.39,0.375,0.35,0.370161,0.414581,0.459,0.473806,0.473806,0.552774,0.493548,0.508355,0.478742,0.475,0.49,0.45,0.46,0.47,0.475,0.485,0.48,0.48,0.445],"closes":[0.217969,0.208281,0.213125,0.242188,0.242188,0.247031,0.261562,0.242188,0.242188,0.237344,0.222813,0.227656,0.217969,0.213125,0.203437,0.217969,0.208281,0.203437,0.222813,0.2325,0.222813,0.217969,0.242188,0.237344,0.237344,0.247031,0.222813,0.198594,0.208281,0.198594,0.203437,0.198594,0.186969,0.168563,0.186969,0.190844,0.183094,0.186,0.186,0.179,0.18,0.179,0.181,0.175,0.175,0.2,0.23,0.24,0.255,0.245,0.235,0.245,0.265,0.3,0.355,0.355,0.37,0.345,0.345,0.36,0.33,0.335,0.31,0.305,0.295,0.285,0.265,0.28,0.285,0.27,0.285,0.32,0.305,0.315,0.29,0.285,0.28,0.275,0.3,0.35,0.395,0.395,0.41,0.385,0.39,0.439258,0.473806,0.473806,0.478742,0.572516,0.552774,0.518226,0.528097,0.488613,0.48,0.495,0.45,0.465,0.505,0.485,0.525,0.495,0.49,0.445],"pressureRange":[-1.906937,1.906937],"priceRange":[0.05425,0.572516],"zones":{"accumulationBoundary":0.106699,"distributionBoundary":0.893301},"latest":-0.652784,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics weakened this week and remains below zero.","tone":"caution"},{"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":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.42,"forwardCorrelation":0.03,"directionalAgreement":55.0,"sample":240,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":32.0,"medianWeeksInZone":32,"averageWeeksToHigher":20.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-8.8,"averageReturn":-8.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-14.7,"averageReturn":-14.7,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":8.8,"averageReturn":8.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.9,"sample":1},{"week":2,"averageReturn":-1.5,"sample":1},{"week":3,"averageReturn":-4.4,"sample":1},{"week":4,"averageReturn":-8.8,"sample":1},{"week":5,"averageReturn":-7.4,"sample":1},{"week":6,"averageReturn":-8.8,"sample":1},{"week":7,"averageReturn":-7.4,"sample":1},{"week":8,"averageReturn":-17.6,"sample":1},{"week":9,"averageReturn":-16.2,"sample":1},{"week":10,"averageReturn":-17.6,"sample":1},{"week":11,"averageReturn":-13.2,"sample":1},{"week":12,"averageReturn":-14.7,"sample":1},{"week":13,"averageReturn":-13.2,"sample":1},{"week":14,"averageReturn":-14.7,"sample":1},{"week":15,"averageReturn":-14.7,"sample":1},{"week":16,"averageReturn":-16.2,"sample":1},{"week":17,"averageReturn":-13.2,"sample":1},{"week":18,"averageReturn":-5.9,"sample":1},{"week":19,"averageReturn":-1.5,"sample":1},{"week":20,"averageReturn":17.6,"sample":1},{"week":21,"averageReturn":4.4,"sample":1},{"week":22,"averageReturn":-1.5,"sample":1},{"week":23,"averageReturn":-2.9,"sample":1},{"week":24,"averageReturn":2.9,"sample":1},{"week":25,"averageReturn":13.2,"sample":1},{"week":26,"averageReturn":8.8,"sample":1}]},"distribution":{"label":"Distribution","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":2.5,"medianWeeksInZone":2.5,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-14.7,"averageReturn":-14.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-13.5,"averageReturn":-13.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.6,"sample":2},{"week":2,"averageReturn":-8.1,"sample":2},{"week":3,"averageReturn":-11.5,"sample":2},{"week":4,"averageReturn":-14.7,"sample":1},{"week":5,"averageReturn":-16.2,"sample":1},{"week":6,"averageReturn":-13.5,"sample":1},{"week":7,"averageReturn":-21.4,"sample":1},{"week":8,"averageReturn":-18.8,"sample":1},{"week":9,"averageReturn":-11.8,"sample":1},{"week":10,"averageReturn":-15.3,"sample":1},{"week":11,"averageReturn":-8.3,"sample":1},{"week":12,"averageReturn":-13.5,"sample":1},{"week":13,"averageReturn":-14.4,"sample":1},{"week":14,"averageReturn":-22.3,"sample":1},{"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":17,"completedEpisodes":17,"activeEpisodes":0,"medianExpectedMove":17.2,"averageExpectedMove":37.9,"averageWeeksToLargestMove":5.2,"horizons":[{"weeks":4,"sample":17,"expectedCount":7,"expectedPercent":41.2,"averageReturn":9.7,"medianReturn":-1.3,"confidenceLow":21.6,"confidenceHigh":64.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":7,"expectedPercent":41.2,"averageReturn":16.1,"medianReturn":-3.7,"confidenceLow":21.6,"confidenceHigh":64.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":15,"expectedCount":8,"expectedPercent":53.3,"averageReturn":46.5,"medianReturn":1.3,"confidenceLow":30.1,"confidenceHigh":75.2,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.8,"sample":17},{"week":2,"averageReturn":6.0,"sample":17},{"week":3,"averageReturn":8.4,"sample":17},{"week":4,"averageReturn":9.7,"sample":17},{"week":5,"averageReturn":10.2,"sample":17},{"week":6,"averageReturn":11.0,"sample":17},{"week":7,"averageReturn":14.9,"sample":17},{"week":8,"averageReturn":16.5,"sample":17},{"week":9,"averageReturn":17.4,"sample":17},{"week":10,"averageReturn":17.8,"sample":17},{"week":11,"averageReturn":15.6,"sample":17},{"week":12,"averageReturn":16.1,"sample":17},{"week":13,"averageReturn":23.4,"sample":17},{"week":14,"averageReturn":31.3,"sample":17},{"week":15,"averageReturn":31.2,"sample":17},{"week":16,"averageReturn":31.0,"sample":17},{"week":17,"averageReturn":27.9,"sample":17},{"week":18,"averageReturn":31.6,"sample":17},{"week":19,"averageReturn":29.7,"sample":16},{"week":20,"averageReturn":33.3,"sample":16},{"week":21,"averageReturn":34.8,"sample":16},{"week":22,"averageReturn":32.1,"sample":16},{"week":23,"averageReturn":36.5,"sample":16},{"week":24,"averageReturn":34.9,"sample":15},{"week":25,"averageReturn":36.1,"sample":15},{"week":26,"averageReturn":46.5,"sample":15}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":24,"completedEpisodes":21,"activeEpisodes":3,"medianExpectedMove":14.3,"averageExpectedMove":14.8,"averageWeeksToLargestMove":6.2,"horizons":[{"weeks":4,"sample":23,"expectedCount":15,"expectedPercent":65.2,"averageReturn":-1.1,"medianReturn":-3.4,"confidenceLow":44.9,"confidenceHigh":81.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":21,"expectedCount":12,"expectedPercent":57.1,"averageReturn":5.4,"medianReturn":-5.1,"confidenceLow":36.5,"confidenceHigh":75.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":21,"expectedCount":9,"expectedPercent":42.9,"averageReturn":34.7,"medianReturn":39.2,"confidenceLow":24.5,"confidenceHigh":63.5,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.1,"sample":24},{"week":2,"averageReturn":0.9,"sample":23},{"week":3,"averageReturn":0.5,"sample":23},{"week":4,"averageReturn":-1.1,"sample":23},{"week":5,"averageReturn":0.6,"sample":22},{"week":6,"averageReturn":-0.8,"sample":22},{"week":7,"averageReturn":-2.5,"sample":22},{"week":8,"averageReturn":-2.5,"sample":21},{"week":9,"averageReturn":2.7,"sample":21},{"week":10,"averageReturn":5.4,"sample":21},{"week":11,"averageReturn":8.1,"sample":21},{"week":12,"averageReturn":5.4,"sample":21},{"week":13,"averageReturn":7.4,"sample":21},{"week":14,"averageReturn":10.5,"sample":21},{"week":15,"averageReturn":13.0,"sample":21},{"week":16,"averageReturn":16.4,"sample":21},{"week":17,"averageReturn":20.2,"sample":21},{"week":18,"averageReturn":24.1,"sample":21},{"week":19,"averageReturn":22.1,"sample":21},{"week":20,"averageReturn":26.0,"sample":21},{"week":21,"averageReturn":28.3,"sample":21},{"week":22,"averageReturn":30.3,"sample":21},{"week":23,"averageReturn":31.8,"sample":21},{"week":24,"averageReturn":33.7,"sample":21},{"week":25,"averageReturn":36.9,"sample":21},{"week":26,"averageReturn":34.7,"sample":21}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":22,"completedEpisodes":20,"activeEpisodes":2,"medianExpectedMove":16.8,"averageExpectedMove":19.7,"averageWeeksToLargestMove":7.5,"horizons":[{"weeks":4,"sample":21,"expectedCount":12,"expectedPercent":57.1,"averageReturn":5.0,"medianReturn":-3.0,"confidenceLow":36.5,"confidenceHigh":75.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":13,"expectedPercent":65.0,"averageReturn":7.1,"medianReturn":-6.4,"confidenceLow":43.3,"confidenceHigh":81.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":8,"expectedPercent":42.1,"averageReturn":38.6,"medianReturn":32.7,"confidenceLow":23.1,"confidenceHigh":63.7,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.8,"sample":22},{"week":2,"averageReturn":4.4,"sample":22},{"week":3,"averageReturn":4.8,"sample":22},{"week":4,"averageReturn":5.0,"sample":21},{"week":5,"averageReturn":2.3,"sample":21},{"week":6,"averageReturn":2.0,"sample":20},{"week":7,"averageReturn":4.2,"sample":20},{"week":8,"averageReturn":6.3,"sample":20},{"week":9,"averageReturn":5.7,"sample":20},{"week":10,"averageReturn":7.7,"sample":20},{"week":11,"averageReturn":8.9,"sample":20},{"week":12,"averageReturn":7.1,"sample":20},{"week":13,"averageReturn":7.8,"sample":20},{"week":14,"averageReturn":12.5,"sample":20},{"week":15,"averageReturn":22.0,"sample":20},{"week":16,"averageReturn":30.0,"sample":20},{"week":17,"averageReturn":29.5,"sample":20},{"week":18,"averageReturn":29.4,"sample":20},{"week":19,"averageReturn":32.3,"sample":20},{"week":20,"averageReturn":32.6,"sample":20},{"week":21,"averageReturn":36.7,"sample":20},{"week":22,"averageReturn":39.2,"sample":20},{"week":23,"averageReturn":42.9,"sample":20},{"week":24,"averageReturn":42.7,"sample":20},{"week":25,"averageReturn":37.6,"sample":20},{"week":26,"averageReturn":38.6,"sample":19}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":14,"completedEpisodes":13,"activeEpisodes":1,"medianExpectedMove":10.2,"averageExpectedMove":42.2,"averageWeeksToLargestMove":5.5,"horizons":[{"weeks":4,"sample":14,"expectedCount":7,"expectedPercent":50.0,"averageReturn":12.9,"medianReturn":0.9,"confidenceLow":26.8,"confidenceHigh":73.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":13,"expectedCount":6,"expectedPercent":46.2,"averageReturn":24.6,"medianReturn":0.0,"confidenceLow":23.2,"confidenceHigh":70.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":12,"expectedCount":7,"expectedPercent":58.3,"averageReturn":44.8,"medianReturn":7.4,"confidenceLow":32.0,"confidenceHigh":80.7,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.8,"sample":14},{"week":2,"averageReturn":-0.3,"sample":14},{"week":3,"averageReturn":5.5,"sample":14},{"week":4,"averageReturn":12.9,"sample":14},{"week":5,"averageReturn":11.0,"sample":14},{"week":6,"averageReturn":11.6,"sample":14},{"week":7,"averageReturn":13.0,"sample":14},{"week":8,"averageReturn":13.1,"sample":14},{"week":9,"averageReturn":14.9,"sample":14},{"week":10,"averageReturn":21.1,"sample":14},{"week":11,"averageReturn":27.3,"sample":13},{"week":12,"averageReturn":24.6,"sample":13},{"week":13,"averageReturn":21.6,"sample":13},{"week":14,"averageReturn":24.7,"sample":13},{"week":15,"averageReturn":23.8,"sample":13},{"week":16,"averageReturn":27.6,"sample":13},{"week":17,"averageReturn":26.5,"sample":13},{"week":18,"averageReturn":25.0,"sample":13},{"week":19,"averageReturn":31.8,"sample":13},{"week":20,"averageReturn":33.0,"sample":12},{"week":21,"averageReturn":34.0,"sample":12},{"week":22,"averageReturn":43.3,"sample":12},{"week":23,"averageReturn":40.5,"sample":12},{"week":24,"averageReturn":33.5,"sample":12},{"week":25,"averageReturn":43.6,"sample":12},{"week":26,"averageReturn":44.8,"sample":12}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"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":-5.7,"sample":1},{"week":2,"averageReturn":-6.7,"sample":1},{"week":3,"averageReturn":-15.2,"sample":1},{"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}]},"currentApplication":{"status":"Underlying support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":65.0,"averageReturn":7.1,"sample":20},"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 is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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":"In this ticker's completed record, 65.0% of comparable cases moved lower after 12 weeks, with an average move of 7.1% across 20 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, 0.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 32.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 19.7% across 20 completed cases, with the largest move arriving after 7.5 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[{"date":"2026-06-05","price":0.488613}],"price_pressure_gaps":[{"date":"2026-07-24","price":0.525}]}},"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":[0.218,0.2083,0.2131,0.2422,0.2422,0.247,0.2616,0.2422,0.2422,0.2373,0.2228,0.2277,0.218,0.2131,0.2034,0.218,0.2083,0.2034,0.2228,0.2325,0.2228,0.218,0.2422,0.2373,0.2373,0.247,0.2228,0.1986,0.2083,0.1986,0.2034,0.1986,0.187,0.1686,0.187,0.1908,0.1831,0.186,0.186,0.179,0.18,0.179,0.181,0.175,0.175,0.2,0.23,0.24,0.255,0.245,0.235,0.245,0.265,0.3,0.355,0.355,0.37,0.345,0.345,0.36,0.33,0.335,0.31,0.305,0.295,0.285,0.265,0.28,0.285,0.27,0.285,0.32,0.305,0.315,0.29,0.285,0.28,0.275,0.3,0.35,0.395,0.395,0.41,0.385,0.39,0.4393,0.4738,0.4738,0.4787,0.5725,0.5528,0.5182,0.5281,0.4886,0.48,0.495,0.45,0.465,0.505,0.485,0.525,0.495,0.49,0.445],"consensus":[-23.958,-28.9352,0.0,39.3042,16.0438,24.2543,44.6454,-16.9763,0.0,-11.16,-36.8731,-8.419,-29.0935,-28.485,-39.2258,0.0,-28.6246,-24.256,31.5654,27.9662,-14.0391,0.0,49.2468,10.0539,17.1253,40.3663,-44.5523,-59.0228,-8.2232,-42.7894,-17.5883,-31.7985,-50.6112,-57.3331,0.0,0.0,-35.6687,0.0,-13.2223,-42.056,-16.2652,-13.8,-13.9357,-39.2848,-12.8299,55.5555,72.081,66.9953,78.6958,11.1484,0.0,52.1599,67.3689,77.0931,78.0125,40.9717,69.2266,0.0,18.7495,41.9591,-21.2488,15.8726,-36.7083,-17.3139,-31.1233,-44.079,-53.5364,-10.0543,-16.3772,-45.8761,14.3339,52.8704,0.0,38.937,-30.2536,-32.5945,-35.9856,-33.3628,36.2188,69.4756,75.5497,47.0041,61.7908,0.0,34.5169,73.659,78.2047,38.5902,38.7259,84.2012,10.5261,9.5068,38.5915,-11.4949,-11.4731,0.0,-47.7889,0.0,45.1908,-14.2056,49.7151,-9.0908,0.0,-57.3491],"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":[68.4214,73.7833,73.1324,31.2579,68.3422,0.0,19.9684,47.0521,-23.6127,21.8147,-32.588,-8.929,-30.2721,-47.3373,-56.9587,-1.7269,-14.4162,-54.1776,17.1009,58.2958,0.0,43.3493,-36.8862,-33.6825,-39.6447,-29.8383,34.8489,66.9249,75.1325,47.6224,54.7863,0.0,38.8717,71.6965,79.7569,31.4136,27.2391,85.4655,2.7397,0.462,35.0264,-6.0188,-6.1465,0.0,-53.5849,0.0,56.1445,-14.1578,47.0697,-19.1524,0.0,-59.4727],"force":[82.032,90.4862,89.3367,9.0158,62.952,0.0,9.1206,26.2197,-58.7728,2.3408,-67.943,-15.7644,-26.3164,-36.1647,-44.6999,-13.0722,-4.511,-38.4826,34.4423,65.7346,0.0,39.5551,-48.6706,-27.0977,-28.1952,-23.8287,70.1768,93.385,91.4693,21.1599,65.8074,0.0,28.9296,93.1867,91.4268,10.9226,18.8612,97.1422,51.14,40.5595,19.6265,-35.0167,-21.7917,0.0,-51.9362,0.0,50.3459,-30.9739,63.5011,-28.9708,0.0,-70.0238],"direction":[55.6925,71.3093,75.5009,74.8988,74.7191,0.0,37.2637,47.3809,-8.2556,18.7472,-19.1066,-28.0034,-35.5297,-46.0082,-55.937,-40.0374,-27.0942,-41.6696,3.1915,37.4812,0.0,33.4529,-9.5183,-35.2774,-37.3684,-44.2007,13.5287,55.3125,64.6553,64.7574,66.9271,0.0,33.5308,61.9535,66.9864,66.5547,66.0426,73.5128,69.7343,56.6613,56.2123,-0.9521,-10.1901,0.0,-38.2027,0.0,28.9899,-2.2829,42.8914,-16.6083,0.0,-45.8687],"intensity":[84.6154,100.0,100.0,98.0769,69.2308,88.4615,94.2308,67.3077,88.4615,44.2308,84.6154,88.4615,73.0769,42.3077,78.8462,57.6923,71.1538,46.1538,48.0769,94.2308,57.6923,36.5385,80.7692,69.2308,11.5385,36.5385,80.7692,98.0769,98.0769,55.7692,84.6154,69.2308,76.9231,92.3077,88.4615,86.5385,30.7692,100.0,96.1538,94.2308,25.0,86.5385,7.6923,50.0,82.6923,38.4615,75.0,50.0,82.6923,67.3077,73.0769,78.8462],"confirmation":[89.9889,93.1284,93.3835,80.2851,89.9748,37.3637,29.7443,80.8696,32.335,49.9096,80.7613,73.621,77.8259,81.8144,84.8102,5.8492,50.2423,82.3285,51.1717,85.2279,27.8814,80.4114,78.1414,78.2461,79.2222,78.4392,80.6458,90.9997,92.6674,82.2442,88.0022,12.2244,78.8088,92.1959,93.4048,79.615,79.9619,95.3195,13.1855,10.4195,79.8256,27.1453,49.4004,2.1302,83.3305,25.1299,82.4512,50.3909,84.3693,29.5714,25.9187,86.7056],"persistence":[87.5,87.5,87.5,87.5,87.5,75.0,87.5,87.5,62.5,62.5,37.5,12.5,12.5,25.0,50.0,75.0,75.0,100.0,75.0,50.0,37.5,12.5,12.5,12.5,12.5,12.5,12.5,12.5,0.0,0.0,25.0,37.5,62.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,75.0,50.0,37.5,12.5,0.0,0.0,25.0,25.0,25.0,12.5,25.0],"assessmentRisk":[0.4375,11.4045,10.9935,29.5134,15.386,47.3442,32.0977,8.5605,36.638,28.9768,26.8342,40.4704,29.5715,26.6063,21.6452,41.3059,20.2322,15.8563,36.62,22.3646,42.2268,30.1159,29.056,32.3377,27.517,32.6032,7.7732,15.0806,12.2207,26.4949,19.0999,42.7728,28.1171,10.5075,10.2407,30.6543,30.5937,7.8844,44.0745,38.0154,25.7194,43.4375,42.6955,30.669,24.6751,25.0801,7.3023,6.5364,23.397,37.2793,27.7668,15.2787],"volumeParticipation":true,"latest":{"consensus":-57.3,"control":-59.5,"force":-70.0,"direction":-45.9,"confirmation":86.7,"persistence":25.0,"assessmentRisk":15.3,"intensity":78.8,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"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":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-57.3","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-59.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-70.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-45.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"87/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"49.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"9.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"30.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"53%","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":[0.218,0.2083,0.2131,0.2422,0.2422,0.247,0.2616,0.2422,0.2422,0.2373,0.2228,0.2277,0.218,0.2131,0.2034,0.218,0.2083,0.2034,0.2228,0.2325,0.2228,0.218,0.2422,0.2373,0.2373,0.247,0.2228,0.1986,0.2083,0.1986,0.2034,0.1986,0.187,0.1686,0.187,0.1908,0.1831,0.186,0.186,0.179,0.18,0.179,0.181,0.175,0.175,0.2,0.23,0.24,0.255,0.245,0.235,0.245,0.265,0.3,0.355,0.355,0.37,0.345,0.345,0.36,0.33,0.335,0.31,0.305,0.295,0.285,0.265,0.28,0.285,0.27,0.285,0.32,0.305,0.315,0.29,0.285,0.28,0.275,0.3,0.35,0.395,0.395,0.41,0.385,0.39,0.4393,0.4738,0.4738,0.4787,0.5725,0.5528,0.5182,0.5281,0.4886,0.48,0.495,0.45,0.465,0.505,0.485,0.525,0.495,0.49,0.445],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[0.2223,0.2197,0.2185,0.2228,0.2263,0.2301,0.2358,0.237,0.2379,0.2378,0.2351,0.2337,0.2309,0.2276,0.2232,0.2223,0.2197,0.2168,0.2179,0.2205,0.2209,0.2204,0.2244,0.2267,0.2287,0.232,0.2303,0.2246,0.2216,0.2174,0.2149,0.2119,0.2074,0.2003,0.1979,0.1966,0.1942,0.1927,0.1915,0.1892,0.1875,0.186,0.1851,0.1832,0.1817,0.1851,0.1932,0.2017,0.2114,0.2175,0.2207,0.2251,0.2324,0.2447,0.2647,0.2811,0.2973,0.306,0.3131,0.3216,0.3231,0.3253,0.3225,0.3193,0.3149,0.3095,0.3014,0.2975,0.2952,0.2906,0.2896,0.2951,0.2969,0.3002,0.2984,0.2959,0.293,0.2898,0.2916,0.3022,0.3191,0.3329,0.3469,0.3538,0.3604,0.3748,0.3928,0.4075,0.4205,0.4481,0.4671,0.4764,0.4858,0.4863,0.4852,0.487,0.4802,0.4775,0.4825,0.4829,0.4906,0.4914,0.4911,0.4827],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[0.1838,0.1856,0.1877,0.1917,0.1954,0.1993,0.2039,0.2067,0.2093,0.2114,0.2123,0.2134,0.2137,0.2137,0.2129,0.2133,0.2129,0.2122,0.213,0.2145,0.2151,0.2153,0.2173,0.2188,0.2201,0.2221,0.2222,0.2204,0.2195,0.218,0.2169,0.2156,0.2134,0.2101,0.2084,0.2071,0.2053,0.2039,0.2026,0.2008,0.1993,0.1978,0.1965,0.1949,0.1935,0.1939,0.1966,0.1998,0.2039,0.207,0.209,0.2117,0.2156,0.2219,0.2318,0.2409,0.2504,0.2575,0.2639,0.2711,0.2754,0.2798,0.2821,0.2838,0.2846,0.2846,0.2832,0.2829,0.2831,0.2821,0.2823,0.2851,0.2866,0.2887,0.2888,0.2885,0.2879,0.2869,0.2879,0.2925,0.3001,0.3071,0.3147,0.3199,0.3251,0.3336,0.344,0.3536,0.3629,0.3784,0.3913,0.4007,0.4101,0.416,0.4207,0.4262,0.428,0.4307,0.4362,0.4398,0.4461,0.4498,0.4527,0.4522],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[0.2798,0.2806,0.2807,0.2839,0.2866,0.2879,0.2894,0.2884,0.2864,0.2836,0.2781,0.2773,0.2775,0.2737,0.2708,0.2707,0.2589,0.2583,0.2578,0.2582,0.2583,0.2579,0.2594,0.2588,0.2581,0.2581,0.252,0.2513,0.249,0.248,0.2479,0.2475,0.2488,0.2527,0.2534,0.2531,0.2537,0.254,0.2529,0.2504,0.2487,0.2474,0.241,0.235,0.2276,0.2152,0.2176,0.2271,0.2385,0.2461,0.2504,0.2565,0.2667,0.2836,0.3144,0.3384,0.3618,0.3759,0.3879,0.4002,0.4054,0.4094,0.4089,0.4053,0.3985,0.3931,0.3907,0.3888,0.3878,0.386,0.3822,0.3798,0.3782,0.3786,0.3736,0.368,0.3576,0.3521,0.3457,0.3428,0.3616,0.3759,0.3945,0.4046,0.4147,0.4345,0.4587,0.4792,0.4976,0.5356,0.5619,0.5784,0.5936,0.6008,0.6033,0.6045,0.5977,0.5869,0.5794,0.5744,0.5778,0.5762,0.5745,0.5675],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[0.1256,0.1274,0.1325,0.1362,0.1405,0.1479,0.1571,0.1655,0.1749,0.1838,0.1941,0.1969,0.1957,0.1942,0.1913,0.1905,0.1945,0.1916,0.1941,0.1942,0.1946,0.1959,0.1974,0.1975,0.1977,0.1977,0.1999,0.1963,0.1952,0.1923,0.1905,0.188,0.1835,0.1752,0.1729,0.1705,0.1674,0.1653,0.1627,0.1599,0.1572,0.1547,0.1549,0.1548,0.1559,0.1636,0.1619,0.1565,0.1498,0.1469,0.1457,0.1442,0.1419,0.138,0.1241,0.1165,0.1118,0.1136,0.1175,0.1233,0.1331,0.1447,0.1581,0.1747,0.1935,0.2074,0.2133,0.2192,0.2232,0.2275,0.2363,0.2462,0.2518,0.2529,0.2514,0.25,0.2514,0.2499,0.2518,0.2537,0.2414,0.2331,0.2245,0.2224,0.2218,0.2175,0.2141,0.2129,0.2139,0.2062,0.2067,0.21,0.2172,0.2273,0.2438,0.2636,0.2874,0.3172,0.3452,0.3637,0.3732,0.3849,0.3945,0.4076],"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":[78.0828,63.8995,63.6166,75.906,68.8525,70.5486,75.3,59.4285,53.1314,48.8586,38.5116,32.6928,24.2701,19.579,12.6987,17.1042,9.8903,8.4142,15.3558,17.6141,11.3085,7.2396,17.5322,11.9932,10.2927,12.7403,-0.8231,-11.6346,-8.7043,-11.9995,-12.7462,-16.4627,-18.6101,-19.8477,-16.0514,-16.5585,-20.2699,-19.6374,-20.1092,-22.6997,-22.3963,-23.4219,-21.954,-23.5526,-24.5526,-13.9935,-2.2871,-0.2221,5.0627,3.9418,-2.0927,2.6462,10.5147,24.2084,44.6849,42.7851,49.2926,39.8556,34.9896,39.7493,30.5888,29.3576,19.2437,15.403,10.0572,7.9146,-1.0086,4.2757,4.609,-0.6766,3.2605,15.1627,7.5196,8.3825,-0.9441,-2.8157,-4.9429,-6.4625,0.3174,16.8451,34.641,33.5425,34.3156,26.3043,25.5073,38.4737,47.1278,47.3339,47.0202,72.0773,61.0169,46.3027,47.6055,34.3771,30.9215,28.9645,15.9784,17.4692,21.212,14.6733,21.3416,12.7801,9.446,-1.8567],"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":"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":[-23.7287,-27.1187,-25.4237,-15.254,-15.254,-13.5593,-8.4747,-15.254,-15.254,-16.949,-22.0337,-20.339,-23.7287,-25.4237,-28.8137,-23.7287,-27.1187,-28.8137,-22.0337,-18.644,-22.0337,-23.7287,-15.254,-16.949,-16.949,-13.5593,-22.0337,-30.5083,-27.1187,-30.5083,-28.8137,-30.5083,-34.5761,-41.0167,-34.5761,-33.2202,-35.9321,-34.9152,-34.9152,-37.3646,-37.0147,-37.3646,-36.6648,-38.7643,-38.7643,-30.0163,-19.5188,-16.0196,-10.7708,-14.27,-17.7692,-14.27,-7.2717,0.0,0.0,0.0,0.0,-6.7568,-6.7568,-2.7027,-10.8108,-9.4595,-16.2162,-17.5676,-20.2703,-22.973,-28.3784,-24.3243,-22.973,-27.027,-22.973,-13.5135,-17.5676,-14.8649,-21.6216,-22.973,-24.3243,-25.6757,-18.9189,-5.4054,0.0,0.0,0.0,-6.0976,-4.878,0.0,0.0,0.0,0.0,0.0,-3.4483,-9.4827,-7.7586,-14.6551,-16.1595,-13.5395,-21.3996,-18.7796,-11.7929,-15.2862,-8.2995,-13.5395,-14.4129,-22.2729],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[208.2184,194.5192,189.4737,224.6749,190.6965,99.2185,68.7497,56.2503,56.2503,53.1252,43.7503,46.8748,30.0578,25.7145,17.3183,25.6986,2.3811,0.0,9.5243,14.286,9.5243,7.1432,19.0482,16.6671,16.6671,21.4287,9.5243,0.0,4.8778,0.0,2.4386,0.0,0.0,0.0,10.9194,13.2182,8.6205,10.3445,10.3445,6.1918,6.785,6.1918,7.3783,3.8188,3.8188,18.65,36.4475,42.38,51.2788,45.3463,39.4138,45.3463,57.2113,77.975,110.6038,110.6038,119.5025,104.6713,104.6713,105.7143,88.5714,91.4286,77.1429,74.2857,68.5714,62.8571,51.4286,60.0,62.8571,54.2857,42.5,39.1304,29.7872,34.0426,23.4043,21.2766,14.2857,3.7736,13.2075,32.0755,49.0566,49.0566,54.717,45.283,47.1698,65.7577,78.7947,78.7947,80.6574,116.0438,108.594,95.557,95.5915,80.9678,77.7778,80.0,63.6364,69.0909,83.6364,76.3636,90.9091,80.0,78.1818,48.3333],"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":"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":[0.0342,0.0308,0.0283,0.0283,0.028,0.0278,0.0285,0.0272,0.0258,0.0241,0.0213,0.0192,0.0166,0.014,0.011,0.0098,0.0078,0.0059,0.0058,0.0065,0.0062,0.0054,0.0067,0.0073,0.0077,0.0086,0.0074,0.0043,0.0027,0.0006,-0.0006,-0.002,-0.004,-0.0069,-0.0077,-0.0079,-0.0086,-0.0088,-0.0089,-0.0094,-0.0096,-0.0098,-0.0096,-0.0098,-0.0099,-0.0079,-0.0038,0.0003,0.0046,0.0072,0.0083,0.0099,0.0126,0.0174,0.0254,0.0313,0.0368,0.0387,0.0397,0.0413,0.0396,0.0383,0.0348,0.0313,0.0274,0.0232,0.018,0.015,0.0129,0.0098,0.0086,0.0102,0.0103,0.0109,0.0094,0.0076,0.0058,0.0039,0.0043,0.0086,0.0154,0.0206,0.0257,0.0273,0.0287,0.0334,0.0394,0.0437,0.047,0.0565,0.0617,0.0623,0.0629,0.0595,0.0554,0.0528,0.0466,0.0424,0.0418,0.0393,0.04,0.0378,0.0352,0.0291],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[0.0369,0.0357,0.0342,0.033,0.032,0.0312,0.0306,0.0299,0.0291,0.0281,0.0267,0.0252,0.0235,0.0216,0.0195,0.0176,0.0156,0.0137,0.0121,0.011,0.01,0.0091,0.0086,0.0084,0.0082,0.0083,0.0081,0.0074,0.0064,0.0053,0.0041,0.0029,0.0015,-0.0002,-0.0017,-0.0029,-0.0041,-0.005,-0.0058,-0.0065,-0.0071,-0.0077,-0.0081,-0.0084,-0.0087,-0.0085,-0.0076,-0.006,-0.0039,-0.0017,0.0003,0.0022,0.0043,0.0069,0.0106,0.0148,0.0192,0.0231,0.0264,0.0294,0.0314,0.0328,0.0332,0.0328,0.0317,0.03,0.0276,0.0251,0.0226,0.0201,0.0178,0.0163,0.0151,0.0142,0.0133,0.0121,0.0109,0.0095,0.0084,0.0085,0.0099,0.012,0.0147,0.0173,0.0196,0.0223,0.0257,0.0293,0.0329,0.0376,0.0424,0.0464,0.0497,0.0517,0.0524,0.0525,0.0513,0.0495,0.048,0.0462,0.045,0.0435,0.0419,0.0393],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[-0.0027,-0.0048,-0.0059,-0.0047,-0.004,-0.0034,-0.0022,-0.0028,-0.0033,-0.004,-0.0055,-0.006,-0.0069,-0.0076,-0.0085,-0.0078,-0.0078,-0.0078,-0.0063,-0.0045,-0.0039,-0.0037,-0.0019,-0.0011,-0.0006,0.0003,-0.0008,-0.003,-0.0037,-0.0046,-0.0047,-0.0049,-0.0055,-0.0068,-0.006,-0.005,-0.0045,-0.0038,-0.0031,-0.0029,-0.0025,-0.0021,-0.0015,-0.0014,-0.0012,0.0007,0.0038,0.0063,0.0085,0.0089,0.008,0.0077,0.0083,0.0105,0.0147,0.0165,0.0176,0.0156,0.0133,0.0119,0.0082,0.0055,0.0016,-0.0015,-0.0044,-0.0068,-0.0096,-0.0101,-0.0098,-0.0102,-0.0092,-0.006,-0.0048,-0.0033,-0.0039,-0.0045,-0.0051,-0.0056,-0.0041,0.0001,0.0056,0.0086,0.0109,0.0101,0.0092,0.0111,0.0137,0.0144,0.0141,0.0189,0.0193,0.0159,0.0132,0.0078,0.003,0.0003,-0.0047,-0.0071,-0.0062,-0.007,-0.005,-0.0058,-0.0067,-0.0102],"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":"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":[51.6163,34.7456,30.3225,47.0905,46.1917,55.8525,81.4085,54.0568,36.4412,56.8368,39.2579,22.6327,35.2238,39.5632,45.5766,43.1681,15.785,18.2053,36.1199,44.7405,42.5856,28.2006,93.4226,42.7798,46.5127,206.2659,326.9314,145.8629,82.2424,57.1279,50.1528,35.6101,82.3526,63.8079,20.0171,76.4164,19.1382,52.5609,22.9431,27.5665,12.4197,15.7919,125.3476,54.2824,49.6995,289.4678,307.278,231.603,293.7816,426.1802,222.4819,140.6658,298.1058,373.6745,378.6902,141.0308,155.4666,174.3249,59.8093,53.1425,45.0003,33.9265,103.5841,43.973,18.4061,25.7731,18.3018,14.9514,4.8868,10.7876,13.9521,29.5622,14.9754,24.9833,40.6735,19.0075,12.6173,31.0902,105.0667,322.1456,539.4567,388.1388,222.1985,105.2636,198.5149,285.267,318.3848,266.8047,107.2472,608.0584,163.3756,74.0439,45.3341,13.809,4.2073,11.5405,9.9763,3.3275,19.5893,35.7627,67.2211,26.4825,16.0851,40.4021],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[131.8807,131.3984,131.7869,132.3613,132.3613,132.947,133.7682,133.2701,133.2701,132.8216,132.5223,132.6837,132.444,132.1862,131.9152,132.158,132.0767,131.9902,132.1417,132.3077,132.1644,132.075,132.3665,132.2427,132.2427,132.7946,131.9093,131.5223,131.7369,131.5967,131.7152,131.6324,131.443,131.2999,131.3425,131.502,131.4625,131.5717,131.5717,131.5174,131.5411,131.5114,131.7432,131.6435,131.6435,133.3394,133.8521,134.2367,134.7701,133.826,133.2869,133.6471,134.5097,135.0,135.0,135.0,135.0,134.1624,134.1624,134.4302,134.1988,134.3757,133.8179,133.5779,133.4773,133.341,133.2478,133.3219,133.345,133.2984,133.3556,133.4735,133.4193,133.4959,133.3992,133.3592,133.3368,133.2941,133.4302,133.8765,134.8142,134.8142,135.0,134.7938,135.0,135.0,135.0,135.0,135.0,135.0,134.2621,133.9188,134.1328,134.0676,134.0479,134.1021,134.0551,134.0707,134.1625,133.9989,134.2889,134.1824,134.1202,133.9647],"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"]},{"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":[60.9926,59.1321,57.4045,56.2826,55.4614,54.8082,54.3127,54.0714,53.5167,52.6675,51.2272,49.8898,47.694,45.6552,43.1467,41.279,39.5446,37.5983,36.5111,36.1122,35.9296,34.716,34.3753,34.0591,33.7654,34.2183,33.5895,31.5868,29.7272,27.9453,26.2908,24.7544,23.4913,23.4651,23.1126,22.3344,21.7129,21.1358,20.6073,20.3026,20.0838,20.0787,19.1538,18.5882,18.2815,18.3718,19.7174,21.1369,22.7808,24.4631,24.8539,25.2168,26.293,28.4165,31.4417,34.251,36.0304,37.9421,39.7173,41.5565,42.6849,43.4438,43.0563,41.7405,40.5187,39.1406,36.7495,34.7105,32.8171,30.6049,28.7658,28.1817,27.8028,27.4509,26.3243,25.2781,24.0352,22.3547,21.8981,22.9788,24.9385,26.7583,28.6919,29.7288,29.5637,30.3099,31.4796,32.9114,34.241,36.4273,38.5374,38.4738,38.4148,37.4747,36.4934,35.9371,34.2894,32.8609,32.1175,31.4271,31.5735,31.5499,31.528,30.387],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[28.1802,26.7835,25.6868,27.1081,27.7625,27.3603,26.971,27.0893,25.6337,24.4996,23.3853,22.8263,21.4461,20.6396,19.5824,20.6332,19.8176,19.2708,22.0876,25.0627,25.0591,23.6075,27.292,26.0899,25.2901,29.0182,25.331,22.584,21.0477,19.8276,18.9812,18.4167,17.3604,16.0073,16.6032,18.2966,17.6924,17.1952,16.6823,16.2262,15.9578,15.6101,19.3061,18.5914,18.228,30.5013,37.6506,36.6433,37.6981,36.7028,32.5778,30.1454,34.0762,42.4434,52.0388,48.0709,42.7992,41.9874,40.011,40.243,37.4278,35.638,31.573,28.7479,27.7453,26.741,24.807,23.9305,23.0445,22.1609,22.3091,27.9863,26.7814,25.7367,23.742,23.0994,22.4451,21.463,26.4124,35.2124,41.586,37.3328,38.1993,35.1761,31.358,35.5389,37.1696,39.0671,37.5525,45.819,44.4002,39.3468,36.7713,33.7936,32.6402,34.1211,31.4862,30.9789,34.0918,32.2499,36.39,33.3015,32.4128,29.8399],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[11.4992,12.9118,12.3831,11.1535,10.5874,10.0386,9.508,8.8061,9.4076,10.0976,11.9122,11.6277,14.5525,14.0053,15.849,14.6377,14.0592,15.0507,14.0099,13.2221,12.4672,16.0894,14.7127,14.0646,13.6335,12.405,15.0642,20.2084,18.8337,18.018,17.2488,16.7359,20.0024,25.6376,24.156,23.3898,23.2778,22.6236,21.9954,22.5657,22.606,23.4207,22.2711,23.2976,24.3081,20.5276,17.2296,15.8577,14.6054,13.4605,17.5672,16.2555,14.5059,11.9636,8.907,8.2279,10.9811,9.5959,9.1442,8.3991,10.1434,10.8538,14.1783,17.3836,16.7773,17.3766,22.147,20.3021,19.5505,21.357,20.2426,18.4301,16.8092,16.1535,18.7768,18.2685,19.1673,21.2456,19.1411,16.1819,13.7092,12.3071,11.4652,13.9497,17.8627,15.2272,13.5099,12.498,12.0135,9.77,9.1042,17.8236,16.6569,20.1668,20.117,18.9012,24.3058,23.2324,21.5896,20.4232,18.1368,17.4462,16.9806,21.8066],"stroke":"#c13f3f","width":1.6}],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/4215fa7d-bf60-4880-877f-cb365e3d7538/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/4215fa7d-bf60-4880-877f-cb365e3d7538/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/4215fa7d-bf60-4880-877f-cb365e3d7538/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/4215fa7d-bf60-4880-877f-cb365e3d7538/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/4215fa7d-bf60-4880-877f-cb365e3d7538/technical-pack/data.json"},"source_fingerprint":"93832f9a448906c3e0bfd6a2ddbefd8219775948408989a68574d918983db227","content_hash":"2aeb007db8b1e15d52e53e3d7ff5a574a5f51d4555c29300be1c45b656934aa3","citation":"Sharemaestro, BEZ Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/4215fa7d-bf60-4880-877f-cb365e3d7538/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."}