{"schema_version":"1.0","name":"AVGI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"437c102c-4b91-4fe5-b00f-da22be808e4a","symbol":"AVGI","name":"IncomeShares Broadcom (AVGO) Options ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","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, Activity pressure and cumulative balance, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Range position and boundary pressure."},{"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":"2026-08-21","observations":59,"displayedObservations":59,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-08-21"],"values":[-0.46061,-0.799602,-1.041847,-1.322897,-1.462537,-1.535589,-1.561053,-1.565624,-1.665555,-1.632012,-1.574381,-1.148419,-0.665534,-0.165792,0.36494,0.477333,0.559099,0.60358,0.643215,0.52171,0.248771,0.049623,-0.262607,-0.461665,-0.530096,-0.775785,-0.789546,-0.800626,-0.6984,-0.487437,-0.500922],"opens":[2990.25813,2696.821818,2605.320272,2649.258154,2533.421735,2633.280566,2395.043777,2561.907433,2628.852532,2460.989738,2469.926046,2549.373848,2688.923879,2844.070609,2983.926351,2970.129851,2886.182681,2949.143198,2904.171363,2621.0,2480.0,2654.5,2466.0,2288.0,2429.5,2250.5,2256.0,2430.5,2314.5,2521.0,2352.5],"highs":[3046.150805,2834.557104,2708.17491,2738.13267,2730.143692,2709.173372,2634.847771,2727.771937,2636.846002,2609.86807,2480.410686,2750.16727,2861.854783,3018.890239,2984.925322,2970.129851,3007.106547,2949.143198,3040.085955,2633.0,2490.0,2654.5,2466.0,2291.0,2444.5,2250.5,2447.5,2432.0,2517.0,2521.0,2353.0],"lows":[2662.886768,2653.904224,2477.50084,2574.363875,2525.433059,2490.482333,2390.547228,2524.93763,2488.966932,2448.000348,2400.527329,2528.395458,2688.923879,2837.077812,2819.096211,2846.207848,2876.188973,2829.218521,2895.177026,2537.0,2451.5,2654.5,2432.5,2273.25,2429.5,2223.0,2256.0,2317.0,2314.5,2330.5,2103.5],"closes":[2714.787109,2808.606934,2640.77002,2594.834961,2692.19751,2584.349854,2614.364502,2615.363525,2552.914795,2455.494385,2460.715332,2732.185791,2866.852783,2926.984863,2968.941895,2879.686768,2957.637695,2877.687988,3028.093506,2537.0,2451.5,2654.5,2432.5,2273.25,2438.75,2239.0,2373.25,2371.25,2505.0,2330.5,2130.25],"hoverRows":[[{"label":"Open","value":"2,990","className":"is-ohlc","compact":true},{"label":"High","value":"3,046","className":"is-ohlc","compact":true},{"label":"Low","value":"2,663","className":"is-ohlc","compact":true},{"label":"Close","value":"2,715","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.46","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,697","className":"is-ohlc","compact":true},{"label":"High","value":"2,835","className":"is-ohlc","compact":true},{"label":"Low","value":"2,654","className":"is-ohlc","compact":true},{"label":"Close","value":"2,809","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.80","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,605","className":"is-ohlc","compact":true},{"label":"High","value":"2,708","className":"is-ohlc","compact":true},{"label":"Low","value":"2,478","className":"is-ohlc","compact":true},{"label":"Close","value":"2,641","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.04","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,649","className":"is-ohlc","compact":true},{"label":"High","value":"2,738","className":"is-ohlc","compact":true},{"label":"Low","value":"2,574","className":"is-ohlc","compact":true},{"label":"Close","value":"2,595","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.32","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,533","className":"is-ohlc","compact":true},{"label":"High","value":"2,730","className":"is-ohlc","compact":true},{"label":"Low","value":"2,525","className":"is-ohlc","compact":true},{"label":"Close","value":"2,692","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.46","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,633","className":"is-ohlc","compact":true},{"label":"High","value":"2,709","className":"is-ohlc","compact":true},{"label":"Low","value":"2,490","className":"is-ohlc","compact":true},{"label":"Close","value":"2,584","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.54","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,395","className":"is-ohlc","compact":true},{"label":"High","value":"2,635","className":"is-ohlc","compact":true},{"label":"Low","value":"2,391","className":"is-ohlc","compact":true},{"label":"Close","value":"2,614","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.56","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,562","className":"is-ohlc","compact":true},{"label":"High","value":"2,728","className":"is-ohlc","compact":true},{"label":"Low","value":"2,525","className":"is-ohlc","compact":true},{"label":"Close","value":"2,615","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.57","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,629","className":"is-ohlc","compact":true},{"label":"High","value":"2,637","className":"is-ohlc","compact":true},{"label":"Low","value":"2,489","className":"is-ohlc","compact":true},{"label":"Close","value":"2,553","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.67","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,461","className":"is-ohlc","compact":true},{"label":"High","value":"2,610","className":"is-ohlc","compact":true},{"label":"Low","value":"2,448","className":"is-ohlc","compact":true},{"label":"Close","value":"2,455","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.63","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,470","className":"is-ohlc","compact":true},{"label":"High","value":"2,480","className":"is-ohlc","compact":true},{"label":"Low","value":"2,401","className":"is-ohlc","compact":true},{"label":"Close","value":"2,461","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.57","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,549","className":"is-ohlc","compact":true},{"label":"High","value":"2,750","className":"is-ohlc","compact":true},{"label":"Low","value":"2,528","className":"is-ohlc","compact":true},{"label":"Close","value":"2,732","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.15","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,689","className":"is-ohlc","compact":true},{"label":"High","value":"2,862","className":"is-ohlc","compact":true},{"label":"Low","value":"2,689","className":"is-ohlc","compact":true},{"label":"Close","value":"2,867","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.67","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,844","className":"is-ohlc","compact":true},{"label":"High","value":"3,019","className":"is-ohlc","compact":true},{"label":"Low","value":"2,837","className":"is-ohlc","compact":true},{"label":"Close","value":"2,927","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.17","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,984","className":"is-ohlc","compact":true},{"label":"High","value":"2,985","className":"is-ohlc","compact":true},{"label":"Low","value":"2,819","className":"is-ohlc","compact":true},{"label":"Close","value":"2,969","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.36","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,970","className":"is-ohlc","compact":true},{"label":"High","value":"2,970","className":"is-ohlc","compact":true},{"label":"Low","value":"2,846","className":"is-ohlc","compact":true},{"label":"Close","value":"2,880","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.48","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,886","className":"is-ohlc","compact":true},{"label":"High","value":"3,007","className":"is-ohlc","compact":true},{"label":"Low","value":"2,876","className":"is-ohlc","compact":true},{"label":"Close","value":"2,958","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.56","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,949","className":"is-ohlc","compact":true},{"label":"High","value":"2,949","className":"is-ohlc","compact":true},{"label":"Low","value":"2,829","className":"is-ohlc","compact":true},{"label":"Close","value":"2,878","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.60","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,904","className":"is-ohlc","compact":true},{"label":"High","value":"3,040","className":"is-ohlc","compact":true},{"label":"Low","value":"2,895","className":"is-ohlc","compact":true},{"label":"Close","value":"3,028","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.64","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,621","className":"is-ohlc","compact":true},{"label":"High","value":"2,633","className":"is-ohlc","compact":true},{"label":"Low","value":"2,537","className":"is-ohlc","compact":true},{"label":"Close","value":"2,537","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.52","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,480","className":"is-ohlc","compact":true},{"label":"High","value":"2,490","className":"is-ohlc","compact":true},{"label":"Low","value":"2,452","className":"is-ohlc","compact":true},{"label":"Close","value":"2,452","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.25","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,654","className":"is-ohlc","compact":true},{"label":"High","value":"2,654","className":"is-ohlc","compact":true},{"label":"Low","value":"2,654","className":"is-ohlc","compact":true},{"label":"Close","value":"2,654","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.05","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,466","className":"is-ohlc","compact":true},{"label":"High","value":"2,466","className":"is-ohlc","compact":true},{"label":"Low","value":"2,432","className":"is-ohlc","compact":true},{"label":"Close","value":"2,432","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.26","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,288","className":"is-ohlc","compact":true},{"label":"High","value":"2,291","className":"is-ohlc","compact":true},{"label":"Low","value":"2,273","className":"is-ohlc","compact":true},{"label":"Close","value":"2,273","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.46","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,430","className":"is-ohlc","compact":true},{"label":"High","value":"2,444","className":"is-ohlc","compact":true},{"label":"Low","value":"2,430","className":"is-ohlc","compact":true},{"label":"Close","value":"2,439","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.53","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,250","className":"is-ohlc","compact":true},{"label":"High","value":"2,250","className":"is-ohlc","compact":true},{"label":"Low","value":"2,223","className":"is-ohlc","compact":true},{"label":"Close","value":"2,239","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.78","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,256","className":"is-ohlc","compact":true},{"label":"High","value":"2,448","className":"is-ohlc","compact":true},{"label":"Low","value":"2,256","className":"is-ohlc","compact":true},{"label":"Close","value":"2,373","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.79","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,430","className":"is-ohlc","compact":true},{"label":"High","value":"2,432","className":"is-ohlc","compact":true},{"label":"Low","value":"2,317","className":"is-ohlc","compact":true},{"label":"Close","value":"2,371","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.80","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,314","className":"is-ohlc","compact":true},{"label":"High","value":"2,517","className":"is-ohlc","compact":true},{"label":"Low","value":"2,314","className":"is-ohlc","compact":true},{"label":"Close","value":"2,505","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.70","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,521","className":"is-ohlc","compact":true},{"label":"High","value":"2,521","className":"is-ohlc","compact":true},{"label":"Low","value":"2,330","className":"is-ohlc","compact":true},{"label":"Close","value":"2,330","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.49","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,352","className":"is-ohlc","compact":true},{"label":"High","value":"2,353","className":"is-ohlc","compact":true},{"label":"Low","value":"2,104","className":"is-ohlc","compact":true},{"label":"Close","value":"2,130","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.50","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[2076.37939,3081.964116],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.500922,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"slight easing","fourWeekDirection":"strengthening","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Accumulation pressure","detail":"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.","tone":"negative"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"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.","annotations":[{"label":"Current tape relationship","value":"Accumulation pressure","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"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":"Repairing","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":31,"relationship":{"sameWeekCorrelation":0.37,"forwardCorrelation":-0.64,"directionalAgreement":57.7,"sample":26,"correlationSample":30,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","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,"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}]},"distribution":{"label":"Distribution","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"medianReturn":-17.1,"averageReturn":-11.6,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-20.1,"averageReturn":-21.7,"confidenceLow":43.9,"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":-7.3,"sample":3},{"week":2,"averageReturn":-5.7,"sample":3},{"week":3,"averageReturn":-9.9,"sample":3},{"week":4,"averageReturn":-11.6,"sample":3},{"week":5,"averageReturn":-16.6,"sample":3},{"week":6,"averageReturn":-18.2,"sample":3},{"week":7,"averageReturn":-19.9,"sample":3},{"week":8,"averageReturn":-19.1,"sample":3},{"week":9,"averageReturn":-23.1,"sample":3},{"week":10,"averageReturn":-18.3,"sample":3},{"week":11,"averageReturn":-22.5,"sample":3},{"week":12,"averageReturn":-21.7,"sample":3},{"week":13,"averageReturn":-20.7,"sample":2},{"week":14,"averageReturn":-21.8,"sample":2},{"week":15,"averageReturn":-21.5,"sample":1},{"week":16,"averageReturn":-28.2,"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":7.2,"averageExpectedMove":7.2,"averageWeeksToLargestMove":3.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-8.8,"medianReturn":-8.8,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-24.9,"medianReturn":-24.9,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-9.6,"sample":2},{"week":2,"averageReturn":-9.7,"sample":2},{"week":3,"averageReturn":-7.7,"sample":2},{"week":4,"averageReturn":-8.8,"sample":2},{"week":5,"averageReturn":-19.7,"sample":2},{"week":6,"averageReturn":-18.4,"sample":2},{"week":7,"averageReturn":-18.3,"sample":2},{"week":8,"averageReturn":-19.8,"sample":2},{"week":9,"averageReturn":-22.6,"sample":2},{"week":10,"averageReturn":-17.6,"sample":2},{"week":11,"averageReturn":-23.8,"sample":2},{"week":12,"averageReturn":-24.9,"sample":2},{"week":13,"averageReturn":-20.1,"sample":1},{"week":14,"averageReturn":-15.6,"sample":1},{"week":15,"averageReturn":-21.5,"sample":1},{"week":16,"averageReturn":-28.2,"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}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":4,"completedEpisodes":2,"activeEpisodes":2,"medianExpectedMove":6.4,"averageExpectedMove":6.4,"averageWeeksToLargestMove":8.5,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":1.6,"medianReturn":-2.4,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":2.9,"medianReturn":2.9,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-20.9,"medianReturn":-20.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.8,"sample":3},{"week":2,"averageReturn":-2.1,"sample":3},{"week":3,"averageReturn":-1.3,"sample":3},{"week":4,"averageReturn":1.6,"sample":3},{"week":5,"averageReturn":1.1,"sample":3},{"week":6,"averageReturn":3.6,"sample":3},{"week":7,"averageReturn":3.4,"sample":3},{"week":8,"averageReturn":3.3,"sample":3},{"week":9,"averageReturn":10.7,"sample":2},{"week":10,"averageReturn":14.4,"sample":2},{"week":11,"averageReturn":3.2,"sample":2},{"week":12,"averageReturn":2.9,"sample":2},{"week":13,"averageReturn":5.4,"sample":2},{"week":14,"averageReturn":3.9,"sample":2},{"week":15,"averageReturn":-8.4,"sample":2},{"week":16,"averageReturn":-6.7,"sample":2},{"week":17,"averageReturn":-6.8,"sample":2},{"week":18,"averageReturn":-8.3,"sample":2},{"week":19,"averageReturn":-11.3,"sample":2},{"week":20,"averageReturn":-5.6,"sample":2},{"week":21,"averageReturn":-12.8,"sample":2},{"week":22,"averageReturn":-14.2,"sample":2},{"week":23,"averageReturn":-11.9,"sample":1},{"week":24,"averageReturn":-7.0,"sample":1},{"week":25,"averageReturn":-13.4,"sample":1},{"week":26,"averageReturn":-20.9,"sample":1}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":11.5,"averageExpectedMove":11.5,"averageWeeksToLargestMove":7.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":4.9,"medianReturn":4.9,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-9.9,"medianReturn":-9.9,"confidenceLow":34.2,"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":2.7,"sample":3},{"week":2,"averageReturn":-0.2,"sample":3},{"week":3,"averageReturn":-2.5,"sample":3},{"week":4,"averageReturn":4.9,"sample":2},{"week":5,"averageReturn":8.9,"sample":2},{"week":6,"averageReturn":8.6,"sample":2},{"week":7,"averageReturn":12.2,"sample":2},{"week":8,"averageReturn":1.5,"sample":2},{"week":9,"averageReturn":1.4,"sample":2},{"week":10,"averageReturn":3.6,"sample":2},{"week":11,"averageReturn":2.4,"sample":2},{"week":12,"averageReturn":-9.9,"sample":2},{"week":13,"averageReturn":-8.5,"sample":2},{"week":14,"averageReturn":-8.3,"sample":2},{"week":15,"averageReturn":-10.1,"sample":2},{"week":16,"averageReturn":-13.1,"sample":2},{"week":17,"averageReturn":-7.5,"sample":2},{"week":18,"averageReturn":-14.5,"sample":2},{"week":19,"averageReturn":-15.6,"sample":2},{"week":20,"averageReturn":-9.3,"sample":1},{"week":21,"averageReturn":-4.2,"sample":1},{"week":22,"averageReturn":-10.9,"sample":1},{"week":23,"averageReturn":-18.5,"sample":1},{"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":1,"activeEpisodes":1,"medianExpectedMove":5.2,"averageExpectedMove":5.2,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-9.1,"medianReturn":-9.1,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-19.0,"medianReturn":-19.0,"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":0.9,"sample":2},{"week":2,"averageReturn":-3.6,"sample":2},{"week":3,"averageReturn":-9.5,"sample":2},{"week":4,"averageReturn":-9.1,"sample":2},{"week":5,"averageReturn":-9.7,"sample":2},{"week":6,"averageReturn":-16.4,"sample":2},{"week":7,"averageReturn":-10.9,"sample":2},{"week":8,"averageReturn":-14.4,"sample":2},{"week":9,"averageReturn":-9.4,"sample":2},{"week":10,"averageReturn":-12.9,"sample":2},{"week":11,"averageReturn":-14.5,"sample":2},{"week":12,"averageReturn":-19.0,"sample":1},{"week":13,"averageReturn":-26.0,"sample":1},{"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":0,"completedEpisodes":0,"activeEpisodes":0,"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,"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}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is repairing against a downward price structure","use":"The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","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,"sample":0},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 11.5% across 2 completed cases, with the largest move arriving after 7.0 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":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[3045.575,3162.1755,3255.8547,3263.2993,3390.8809,3384.4021,3333.0703,3328.585,3536.4036,3699.8674,3593.217,3535.4065,3510.1731,3517.6514,3634.3079,5086.0347,3909.4985,3386.0383,3426.9185,3482.2556,3865.1292,3567.0242,3360.0454,3087.7305,3166.0334,3019.7019,2957.3215,2965.8052,2714.7871,2808.6069,2640.77,2594.835,2692.1975,2584.3499,2614.3645,2615.3635,2552.9148,2455.4944,2460.7153,2732.1858,2866.8528,2926.9849,2968.9419,2879.6868,2957.6377,2877.688,3028.0935,2537.0,2451.5,2654.5,2432.5,2273.25,2438.75,2239.0,2373.25,2371.25,2505.0,2330.5,2130.25],"consensus":[49.708,17.4468,75.7575,-29.0976,63.0979,24.4309,10.9076,10.9158,58.4381,57.9833,0.0,0.0,0.0,0.0,28.676,84.733,0.0,-51.6391,-16.728,-15.0015,39.3959,-18.6036,-41.5028,-52.5499,-16.0666,-53.1526,-36.8788,-21.7741,-65.3001,-10.9407,-36.5087,-45.043,0.0,-37.1219,0.0,-15.7983,-30.4484,-41.2004,-19.3432,32.7419,41.3558,32.0576,37.1011,0.0,30.5237,0.0,50.0294,-61.7328,-50.4459,0.0,-56.4532,-56.2603,0.0,-44.772,0.0,-13.9492,27.964,-45.3806,-65.875],"supportDates":["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","2026-08-21"],"control":[4.6467,47.3755,49.1029,0.0,0.0,0.0,0.0,17.3642,73.5389,0.0,-54.0631,-18.0013,-7.0672,41.4782,-26.1726,-39.5906,-52.1117,-2.7992,-53.272,-30.5517,-20.1435,-61.1773,-1.421,-29.0297,-47.9812,0.0,-36.6489,0.0,-18.5748,-32.0185,-48.6601,-13.6304,36.4082,45.6538,26.4386,34.2632,0.0,30.8518,0.0,52.0808,-72.0009,-60.2302,0.0,-67.3685,-67.9753,0.0,-43.4502,0.0,-22.4771,30.1444,-54.2179,-65.4704],"force":[3.5017,84.1917,58.7986,0.0,0.0,0.0,0.0,39.895,99.9808,0.0,-84.1757,-1.0998,-2.7322,72.2952,-33.4507,-68.4878,-59.5939,-7.344,-54.1097,-26.2457,-1.5888,-82.3134,-23.5908,-23.8916,-25.7088,0.0,-23.7271,0.0,-2.0857,-18.0068,-30.0001,-0.567,58.6457,43.786,26.1314,28.8769,0.0,27.8662,0.0,67.9122,-70.2288,-34.5034,0.0,-47.0124,-40.0674,0.0,-30.9656,0.0,-0.2252,57.0556,-74.5148,-86.9309],"direction":[28.3786,52.6857,67.55,0.0,0.0,0.0,0.0,33.5902,86.635,0.0,-25.6282,-26.4356,-32.8331,13.5165,-0.6518,-24.4133,-48.0192,-47.951,-52.3325,-51.7049,-40.3256,-57.8596,-46.4856,-54.0684,-55.4951,0.0,-47.2301,0.0,-25.3995,-37.5408,-40.6752,-40.0935,10.0492,34.7081,42.7124,46.2188,0.0,32.047,0.0,34.9116,-43.9294,-50.6513,0.0,-50.722,-54.438,0.0,-56.1443,0.0,-14.0058,4.6925,-14.4708,-51.2975],"intensity":[42.8571,100.0,100.0,30.0,63.6364,75.0,7.6923,78.5714,100.0,93.75,88.2353,50.0,10.5263,80.0,76.1905,68.1818,82.6087,50.0,40.0,57.6923,3.7037,75.0,72.4138,50.0,19.3548,21.875,27.2727,23.5294,40.0,13.8889,24.3243,42.1053,82.0513,50.0,48.7805,4.7619,13.9535,13.6364,15.5556,52.1739,91.4894,47.9167,73.4694,80.0,58.8235,53.8462,73.0769,65.3846,5.7692,38.4615,55.7692,80.7692],"confirmation":[26.5629,87.6536,86.7148,12.0195,8.0378,3.8459,24.1623,77.6906,95.7498,33.5994,85.4792,50.1906,27.2141,81.5776,51.7627,82.1324,85.0373,28.8634,85.0362,79.5736,51.9528,89.4774,7.6264,79.4122,81.7797,6.9973,79.478,5.8786,50.2464,77.3404,80.7291,51.1244,79.211,81.2424,78.1635,79.665,28.8462,77.6816,4.9231,84.5232,87.857,83.5077,4.7982,85.611,85.3313,5.565,81.9264,7.7281,49.2489,55.1352,83.275,97.7279],"persistence":[75.0,75.0,75.0,62.5,75.0,62.5,50.0,50.0,50.0,37.5,12.5,0.0,12.5,0.0,12.5,37.5,62.5,75.0,75.0,75.0,75.0,100.0,100.0,100.0,100.0,87.5,87.5,75.0,75.0,75.0,75.0,75.0,50.0,37.5,12.5,0.0,12.5,37.5,50.0,75.0,50.0,25.0,12.5,12.5,25.0,37.5,50.0,62.5,62.5,37.5,50.0,50.0],"assessmentRisk":[32.5785,17.9256,20.9529,47.3477,44.8357,15.84,49.1271,6.6561,7.599,35.2252,13.9832,9.7783,42.2207,23.6919,24.9484,14.8031,3.9665,34.2379,10.8416,12.198,0.2244,9.8508,31.5286,28.5726,25.7695,4.3713,28.0175,7.9902,16.3723,28.5286,22.7287,36.5342,20.0398,28.4514,33.9471,31.4387,44.2823,20.2035,18.3484,0.7954,17.2163,24.4661,39.4164,21.5717,15.4813,1.0858,26.4798,15.2129,30.7839,2.4188,44.5228,9.0104],"volumeParticipation":true,"latest":{"consensus":-65.9,"control":-65.5,"force":-86.9,"direction":-51.3,"confirmation":97.7,"persistence":50.0,"assessmentRisk":9.0,"intensity":80.8,"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":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-65.9","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-65.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-86.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-51.3","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"98/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"38.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"9.9%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"13.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"3%","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":[3045.575,3162.1755,3255.8547,3263.2993,3390.8809,3384.4021,3333.0703,3328.585,3536.4036,3699.8674,3593.217,3535.4065,3510.1731,3517.6514,3634.3079,5086.0347,3909.4985,3386.0383,3426.9185,3482.2556,3865.1292,3567.0242,3360.0454,3087.7305,3166.0334,3019.7019,2957.3215,2965.8052,2714.7871,2808.6069,2640.77,2594.835,2692.1975,2584.3499,2614.3645,2615.3635,2552.9148,2455.4944,2460.7153,2732.1858,2866.8528,2926.9849,2968.9419,2879.6868,2957.6377,2877.688,3028.0935,2537.0,2451.5,2654.5,2432.5,2273.25,2438.75,2239.0,2373.25,2371.25,2505.0,2330.5,2130.25],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,3177.9519,3215.4883,3236.8668,3253.5428,3304.9721,3376.7712,3416.125,3437.8126,3450.969,3463.0931,3494.223,3783.6433,3806.5261,3730.0738,3674.9546,3639.9184,3680.8658,3660.1674,3605.5997,3511.4417,3448.6402,3370.6514,3295.5005,3235.5559,3140.8707,3080.4591,3000.5156,2926.7555,2884.1086,2829.607,2790.472,2758.6341,2721.2306,2672.9149,2634.3332,2652.1246,2691.1661,2734.0422,2776.7512,2795.4668,2824.9524,2834.5407,2869.7321,2809.2354,2744.1926,2727.8848,2674.1785,2601.2824,2571.7311,2511.2345,2486.1464,2465.2562,2472.4823,2446.6673,2389.1369],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,3288.7009,3305.6602,3330.0045,3460.0808,3493.371,3485.4204,3481.0869,3481.1735,3509.6147,3513.8672,3502.473,3471.7514,3449.1056,3417.2979,3383.2256,3352.3055,3305.082,3268.306,3221.8219,3175.3784,3139.5872,3098.4585,3062.5997,3029.4711,2994.1706,2954.2687,2917.7092,2903.9667,2901.2175,2903.1262,2908.0015,2905.9041,2909.7362,2907.3623,2916.3053,2888.2086,2855.8598,2840.9443,2810.6892,2770.8789,2746.2767,2708.7007,2683.8525,2660.6967,2649.1636,2625.5589,2588.8694],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,3688.7742,3726.0344,3737.77,3741.0029,3743.9617,3768.3252,4397.5285,4414.0342,4383.7838,4356.8618,4333.8572,4356.57,4354.9692,4352.5614,4362.4737,4368.1915,4382.1618,4398.6347,4411.5711,4435.8009,4427.2195,4433.3152,4437.5437,4427.8678,4416.8315,4382.7439,3909.3875,3776.7065,3744.7737,3694.1522,3614.2212,3408.3781,3270.5945,3183.8138,3150.8447,3106.2007,3082.6074,3096.3229,3071.1295,3078.0609,3068.404,3076.1719,3100.4138,3100.3138,3120.3773,3123.2345,3124.5431,3123.9387,3128.7813,3150.8989],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,2991.2486,3000.0258,3017.0196,3034.2141,3049.8328,3057.124,2637.0846,2666.7191,2679.8208,2695.7023,2714.3043,2773.547,2815.6326,2828.4594,2800.9903,2772.7878,2722.3474,2668.2997,2619.0853,2512.6938,2432.1492,2330.8088,2232.5231,2160.4015,2078.1076,2010.2009,2236.4902,2233.5128,2172.3912,2126.3923,2131.3164,2237.3319,2311.1115,2358.7819,2370.9466,2394.751,2404.1429,2397.5046,2379.8175,2346.5574,2340.8036,2312.2087,2255.8083,2230.5636,2175.9651,2148.9964,2123.2765,2119.0894,2101.7474,2046.5832],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"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":[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,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,-32.4294,-25.7645,-31.9202,-28.1455,-28.4437,-23.9505,-27.5463,-33.4925],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"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":[null,null,null,null,null,null,null,129.1098,177.9633,111.7153,407.9818,366.1456,234.284,118.2246,144.3125,88.9668,365.2887,293.9343,235.3049,73.0809,144.026,53.7808,199.0415,95.096,45.2328,135.6342,195.5418,229.5072,195.6894,113.1794,72.0612,55.7607,104.7387,48.7539,38.4443,43.9671,39.5606,50.041,26.2987,54.1666,18.5893,56.3416,79.5377,42.9898,55.6858,72.7142,120.4631,53.8239,19.259,0.0,8.5291,12.2839,31.2689,8.6584,121.1952,26.3471,121.4921,363.1246,302.1083],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,116.6333,130.7391,135.0,93.2706,65.0,65.0,71.951,80.7133,86.0757,65.0,65.0,76.2968,79.7564,87.0485,84.2649,72.8445,67.3645,70.0149,65.0,65.0,76.8744,65.8407,72.5384,68.3333,65.1848,71.1498,68.3677,70.5414,73.0389,70.9421,68.4478,69.6745,72.2064,73.0373,75.5741,78.9843,77.1819,79.5322,76.562,81.2169,79.4079,78.8616,78.8616,78.6654,78.4004,78.9908,78.8387,80.965,80.5299,82.5303,75.7785,69.3801],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,0.0,0.0,0.0,-0.1911,-1.7049,-1.8372,0.0,0.0,-2.8825,-4.445,-5.1271,-4.9249,-1.7719,0.0,-23.1327,-33.4248,-32.621,-31.533,-24.0051,-29.8663,-33.9359,-39.29,-37.7505,-40.6276,-41.8541,-41.6873,-46.6227,-44.7781,-48.078,-48.9812,-47.0669,-49.1873,-48.5972,-48.5776,-49.8054,-51.7208,-51.6182,-46.2806,-43.6329,-42.4506,-41.6256,-43.3805,-41.8479,-43.4198,-40.4626,-50.1183,-51.7994,-47.8081,-52.173,-55.3041,-52.0501,-55.9775,-53.3379,-53.3772,-50.7475,-54.1784,-58.1157],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,9.2925,16.1161,21.4834,17.9816,16.0834,15.2549,15.5004,19.3308,66.9975,28.3665,11.179,12.5212,14.3382,26.9097,17.1215,10.3255,1.3842,3.9552,0.0,0.0,0.2869,0.0,3.4559,0.0,0.0,3.7522,0.0,1.1614,1.2001,0.0,0.0,0.2126,11.2683,16.7526,19.2014,20.9101,17.2752,20.4498,17.1938,23.3191,3.3193,0.0,8.2806,0.0,0.0,7.2803,0.0,5.996,5.9067,11.8803,4.0866,0.0],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"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":[null,null,null,null,null,null,null,null,null,null,null,null,133.7889,131.4698,137.4606,256.395,252.8006,205.346,169.0875,143.1673,151.7705,133.0009,100.2685,51.7577,19.4072,-17.8329,-51.7827,-77.1146,-116.107,-137.8492,-166.7015,-191.0712,-200.2199,-213.7093,-219.4481,-221.3639,-225.3238,-233.6299,-237.0586,-215.3876,-185.2117,-154.6621,-125.6177,-108.5506,-87.7236,-76.7842,-55.3403,-77.0844,-100.0624,-100.7311,-117.8164,-142.5635,-147.1252,-164.9571,-166.3387,-165.6851,-152.6153,-154.5565,-170.2904],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,177.4407,183.0218,180.2349,172.8214,168.6112,161.4891,149.245,129.7475,107.6795,82.577,55.7051,29.1411,0.0915,-27.4966,-55.3376,-82.4843,-106.0314,-127.567,-145.9432,-161.0274,-173.8866,-185.8353,-196.08,-199.9415,-196.9955,-188.5289,-175.9466,-162.4674,-147.5187,-133.3718,-117.7655,-109.6293,-107.7159,-106.3189,-108.6184,-115.4074,-121.751,-130.3922,-137.5815,-143.2022,-145.0848,-146.9792,-151.6414],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,75.3599,22.3243,-11.1474,-29.6541,-16.8407,-28.4883,-48.9765,-77.9898,-88.2723,-100.4099,-107.4877,-106.2557,-116.1985,-110.3526,-111.3639,-108.5868,-94.1885,-86.1423,-73.5049,-60.3365,-51.4371,-47.7946,-40.9787,-15.4461,11.7838,33.8667,50.3289,53.9168,59.795,56.5875,62.4252,32.5449,7.6535,5.5879,-9.198,-27.156,-25.3742,-34.5649,-28.7572,-22.4828,-7.5305,-7.5773,-18.649],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","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,60.0975,90.5168,88.995,76.8555,70.2752,67.403,68.2542,77.8839,100.0,45.7323,21.5877,23.4733,26.0257,43.6858,29.9357,20.3888,7.8283,11.44,4.6905,4.393,4.7741,2.1419,6.3608,6.259,4.4981,8.2305,4.0961,8.3034,8.3405,6.0237,2.4095,2.6032,12.6745,17.6705,32.0931,36.4057,30.7878,35.6942,30.662,47.0851,10.8161,6.3098,31.6741,5.0343,0.0,21.4128,1.9438,18.3885,18.1437,34.5129,13.1565,2.8561],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-7.5699,-1.7991,-2.5466,-5.3557,-6.8784,-7.5431,-7.3461,-5.3001,0.0,-23.1327,-33.4248,-32.621,-31.533,-24.0051,-29.8663,-33.9359,-39.29,-37.7505,-40.6276,-41.8541,-41.6873,-46.6227,-44.7781,-48.078,-48.9812,-47.0669,-49.1873,-48.5972,-48.5776,-49.8054,-51.7208,-51.6182,-46.2806,-43.6329,-27.9431,-25.3902,-27.6332,-25.6743,-27.6834,-19.1339,-32.2487,-26.9638,-17.6615,-24.5476,-25.373,-19.9399,-26.4974,-21.9348,-22.0006,-17.601,-23.341,-29.928],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,14.0703,21.1922,26.7941,23.1392,21.1581,20.2933,20.5496,24.5474,74.298,33.9782,16.0392,17.4402,19.3366,32.4576,22.2416,15.1485,5.8163,8.4997,3.4849,3.4206,3.7173,1.949,5.8292,6.5901,4.736,8.6659,4.3128,9.3626,9.4044,6.7921,2.7168,2.9352,14.2912,19.9245,22.44,24.1951,20.4614,23.7222,20.3778,26.6695,6.1263,2.5497,11.0415,1.7549,0.0,7.2803,0.7197,6.7589,6.6689,12.6856,4.8358,1.2717],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/437c102c-4b91-4fe5-b00f-da22be808e4a/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/437c102c-4b91-4fe5-b00f-da22be808e4a/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/437c102c-4b91-4fe5-b00f-da22be808e4a/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/437c102c-4b91-4fe5-b00f-da22be808e4a/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/437c102c-4b91-4fe5-b00f-da22be808e4a/technical-pack/data.json"},"source_fingerprint":"da3cbd532277976d9243d15c8ad67bc3165c594f7943b56b1da58e61670edb5d","content_hash":"ecae66bf8ed499c3ffb21eed40981934220503b4cba42917983f5bd4aa08827e","citation":"Sharemaestro, AVGI Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/437c102c-4b91-4fe5-b00f-da22be808e4a/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."}