{"schema_version":"1.0","name":"ADX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"441c5f3a-a594-4072-b20c-8a297dac3422","symbol":"ADX","name":"ADX Energy Ltd","exchange":"ASX","country":"AU","asset_type":"equity","currency":"AUD","sector":"Energy","industry":"Oil & Gas E&P"},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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, Activity pressure and cumulative balance, Range position and boundary pressure, Acceleration, deceleration and rollover."},{"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":"Aligned downward","stateTone":"negative","summary":"Price structure and the underlying tape currently reinforce the same downside read.","evidenceAlignment":{"status":"Evidence aligned downward","headline":"Downward price structure is confirmed by Market Dynamics","summary":"Price structure and the underlying tape currently reinforce the same downside read.","take":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","tone":"negative","conflict":false},"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":[0.302291,0.471514,0.540961,0.554789,0.514049,0.624242,0.925784,1.14655,1.236652,1.170804,0.8654,0.378944,-0.014394,-0.410979,-0.775321,-0.89366,-0.989046,-1.098607,-1.137401,-1.194805,-1.242991,-1.243739,-1.212209,-1.196482,-1.146873,-1.061528,-0.932268,-0.687862,-0.435374,-0.196107,0.014483,0.242028,0.418956,0.582452,0.605786,0.478385,0.413427,0.38977,0.54855,0.857019,1.107623,1.33268,1.435122,1.414163,1.328562,1.105688,0.905515,0.625406,0.515219,0.437078,0.584255,0.553532,0.48242,0.421546,0.073623,-0.091841,-0.219897,0.082998,0.480474,0.932022,1.29138,1.18968,1.023692,1.054802,0.880932,0.688637,0.364065,-0.191872,-0.527677,-0.741728,-0.71352,-0.697312,-0.546081,-0.394996,-0.278255,0.127119,0.252302,0.458154,0.624055,0.62418,0.944176,1.022669,1.02838,0.976005,0.57112,0.23375,0.212419,0.087854,0.055642,0.297657,0.132163,-0.07761,-0.283132,-0.636367,-0.89922,-0.911979,-0.920892,-0.983956,-0.885967,-0.938816,-0.906557,-0.854679,-0.936564,-0.972362],"opens":[0.105,0.1,0.1,0.1,0.11,0.105,0.11,0.135,0.13,0.125,0.11,0.1025,0.098,0.097,0.047,0.048,0.036,0.032,0.03,0.032,0.032,0.027,0.027,0.028,0.027,0.027,0.027,0.027,0.025,0.024,0.023,0.022,0.029,0.028,0.026,0.025,0.023,0.025,0.026,0.028,0.032,0.032,0.034,0.035,0.031,0.029,0.03,0.028,0.026,0.027,0.027,0.032,0.029,0.031,0.028,0.029,0.027,0.029,0.035,0.035,0.035,0.035,0.031,0.032,0.032,0.026,0.024,0.022,0.023,0.025,0.023,0.025,0.026,0.027,0.027,0.03,0.032,0.03,0.031,0.032,0.032,0.041,0.031,0.027,0.028,0.028,0.027,0.032,0.0305,0.03,0.033,0.028,0.025,0.026,0.024,0.027,0.025,0.025,0.025,0.027,0.024,0.02,0.018,0.018],"highs":[0.105,0.1075,0.105,0.11,0.115,0.115,0.135,0.135,0.13,0.13,0.11,0.105,0.105,0.1,0.048,0.051,0.036,0.033,0.032,0.032,0.032,0.028,0.028,0.028,0.028,0.029,0.028,0.027,0.025,0.025,0.025,0.03,0.034,0.028,0.026,0.0255,0.027,0.026,0.031,0.035,0.038,0.039,0.034,0.038,0.033,0.031,0.031,0.03,0.027,0.028,0.031,0.033,0.032,0.031,0.03,0.029,0.029,0.045,0.036,0.036,0.037,0.036,0.031,0.036,0.033,0.027,0.024,0.024,0.026,0.025,0.026,0.027,0.029,0.029,0.028,0.033,0.034,0.033,0.032,0.032,0.038,0.042,0.032,0.028,0.03,0.028,0.033,0.034,0.033,0.035,0.033,0.028,0.0255,0.028,0.025,0.027,0.025,0.026,0.026,0.027,0.024,0.02,0.018,0.018],"lows":[0.099,0.099,0.096,0.097,0.1,0.1,0.11,0.115,0.12,0.11,0.092,0.097,0.098,0.045,0.044,0.032,0.03,0.027,0.03,0.03,0.026,0.026,0.025,0.026,0.026,0.026,0.026,0.023,0.022,0.022,0.022,0.022,0.024,0.022,0.024,0.023,0.022,0.022,0.025,0.028,0.031,0.031,0.032,0.031,0.027,0.028,0.028,0.026,0.025,0.024,0.027,0.027,0.028,0.026,0.027,0.026,0.025,0.029,0.033,0.034,0.033,0.031,0.027,0.031,0.025,0.023,0.022,0.022,0.023,0.022,0.022,0.024,0.025,0.026,0.027,0.03,0.027,0.029,0.028,0.029,0.032,0.029,0.025,0.025,0.027,0.025,0.0265,0.03,0.029,0.028,0.027,0.025,0.024,0.025,0.024,0.025,0.023,0.025,0.025,0.024,0.018,0.016,0.016,0.017],"closes":[0.105,0.105,0.097,0.105,0.1,0.105,0.135,0.13,0.12,0.115,0.1,0.098,0.098,0.048,0.046,0.036,0.03,0.028,0.032,0.032,0.027,0.026,0.025,0.027,0.028,0.026,0.027,0.025,0.024,0.023,0.022,0.028,0.027,0.025,0.024,0.023,0.024,0.025,0.028,0.032,0.033,0.0345,0.033,0.031,0.028,0.029,0.028,0.026,0.027,0.026,0.031,0.029,0.03,0.028,0.028,0.027,0.028,0.033,0.035,0.035,0.035,0.031,0.03,0.034,0.03,0.0235,0.0235,0.023,0.024,0.022,0.026,0.0255,0.027,0.0275,0.028,0.032,0.028,0.032,0.029,0.031,0.038,0.029,0.026,0.028,0.028,0.026,0.032,0.031,0.03,0.034,0.028,0.027,0.025,0.026,0.025,0.027,0.024,0.025,0.026,0.024,0.02,0.018,0.017,0.017],"pressureRange":[-1.842021,1.842021],"priceRange":[0.017,0.19],"zones":{"accumulationBoundary":0.092839,"distributionBoundary":0.907161},"latest":-0.972362,"state":"Negative and broadly steady","context":{"scenario":"negativeSteady","latestDirection":"slight easing","fourWeekDirection":"steady","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"8 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"The broader path has not changed enough to establish a new direction.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.35,"forwardCorrelation":-0.16,"directionalAgreement":47.2,"sample":218,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":6,"completedEpisodes":5,"activeEpisodes":1,"averageWeeksInZone":13.4,"medianWeeksInZone":16,"averageWeeksToHigher":7.2,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":6,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-12.9,"averageReturn":-15.1,"confidenceLow":0.0,"confidenceHigh":39.0,"confidence":"Historically adverse"},{"weeks":12,"sample":6,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-13.2,"averageReturn":-17.1,"confidenceLow":0.0,"confidenceHigh":39.0,"confidence":"Historically adverse"},{"weeks":26,"sample":4,"expectedCount":1,"expectedPercent":25.0,"medianReturn":-3.3,"averageReturn":-6.0,"confidenceLow":4.6,"confidenceHigh":69.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-8.6,"sample":6},{"week":2,"averageReturn":-5.8,"sample":6},{"week":3,"averageReturn":-7.1,"sample":6},{"week":4,"averageReturn":-15.1,"sample":6},{"week":5,"averageReturn":-13.1,"sample":6},{"week":6,"averageReturn":-13.6,"sample":6},{"week":7,"averageReturn":-12.7,"sample":6},{"week":8,"averageReturn":-6.9,"sample":6},{"week":9,"averageReturn":-11.3,"sample":6},{"week":10,"averageReturn":-13.2,"sample":6},{"week":11,"averageReturn":-14.6,"sample":6},{"week":12,"averageReturn":-17.1,"sample":6},{"week":13,"averageReturn":-16.3,"sample":6},{"week":14,"averageReturn":-9.8,"sample":5},{"week":15,"averageReturn":-6.1,"sample":5},{"week":16,"averageReturn":2.4,"sample":5},{"week":17,"averageReturn":-6.1,"sample":5},{"week":18,"averageReturn":-8.9,"sample":5},{"week":19,"averageReturn":-8.9,"sample":5},{"week":20,"averageReturn":-16.0,"sample":5},{"week":21,"averageReturn":-16.9,"sample":5},{"week":22,"averageReturn":-12.0,"sample":5},{"week":23,"averageReturn":-7.1,"sample":4},{"week":24,"averageReturn":-8.7,"sample":4},{"week":25,"averageReturn":0.3,"sample":4},{"week":26,"averageReturn":-6.0,"sample":4}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-39.5,"averageReturn":-39.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-56.3,"averageReturn":-56.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-47.4,"averageReturn":-47.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-34.2,"sample":1},{"week":2,"averageReturn":-36.8,"sample":1},{"week":3,"averageReturn":-36.8,"sample":1},{"week":4,"averageReturn":-39.5,"sample":1},{"week":5,"averageReturn":-39.5,"sample":1},{"week":6,"averageReturn":-42.1,"sample":1},{"week":7,"averageReturn":-50.0,"sample":1},{"week":8,"averageReturn":-52.6,"sample":1},{"week":9,"averageReturn":-53.2,"sample":1},{"week":10,"averageReturn":-55.3,"sample":1},{"week":11,"averageReturn":-52.6,"sample":1},{"week":12,"averageReturn":-56.3,"sample":1},{"week":13,"averageReturn":-53.2,"sample":1},{"week":14,"averageReturn":-48.9,"sample":1},{"week":15,"averageReturn":-47.4,"sample":1},{"week":16,"averageReturn":-48.4,"sample":1},{"week":17,"averageReturn":-50.0,"sample":1},{"week":18,"averageReturn":-49.5,"sample":1},{"week":19,"averageReturn":-47.4,"sample":1},{"week":20,"averageReturn":-48.9,"sample":1},{"week":21,"averageReturn":-47.4,"sample":1},{"week":22,"averageReturn":-44.7,"sample":1},{"week":23,"averageReturn":-44.7,"sample":1},{"week":24,"averageReturn":-48.9,"sample":1},{"week":25,"averageReturn":-44.7,"sample":1},{"week":26,"averageReturn":-47.4,"sample":1}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":19,"completedEpisodes":19,"activeEpisodes":0,"medianExpectedMove":20.0,"averageExpectedMove":23.3,"averageWeeksToLargestMove":5.3,"horizons":[{"weeks":4,"sample":19,"expectedCount":6,"expectedPercent":31.6,"averageReturn":0.5,"medianReturn":-6.1,"confidenceLow":15.4,"confidenceHigh":54.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":19,"expectedCount":5,"expectedPercent":26.3,"averageReturn":-10.2,"medianReturn":-3.2,"confidenceLow":11.8,"confidenceHigh":48.8,"confidence":"Historically adverse"},{"weeks":26,"sample":17,"expectedCount":6,"expectedPercent":35.3,"averageReturn":-3.7,"medianReturn":-12.5,"confidenceLow":17.3,"confidenceHigh":58.7,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.7,"sample":19},{"week":2,"averageReturn":6.7,"sample":19},{"week":3,"averageReturn":1.9,"sample":19},{"week":4,"averageReturn":0.5,"sample":19},{"week":5,"averageReturn":-0.7,"sample":19},{"week":6,"averageReturn":0.0,"sample":19},{"week":7,"averageReturn":2.3,"sample":19},{"week":8,"averageReturn":1.2,"sample":19},{"week":9,"averageReturn":1.1,"sample":19},{"week":10,"averageReturn":-4.2,"sample":19},{"week":11,"averageReturn":-3.9,"sample":19},{"week":12,"averageReturn":-10.2,"sample":19},{"week":13,"averageReturn":-6.9,"sample":19},{"week":14,"averageReturn":-11.5,"sample":19},{"week":15,"averageReturn":-8.8,"sample":19},{"week":16,"averageReturn":-13.7,"sample":19},{"week":17,"averageReturn":-12.6,"sample":19},{"week":18,"averageReturn":-10.6,"sample":18},{"week":19,"averageReturn":-8.1,"sample":18},{"week":20,"averageReturn":-6.0,"sample":18},{"week":21,"averageReturn":-8.8,"sample":18},{"week":22,"averageReturn":-9.7,"sample":18},{"week":23,"averageReturn":-9.3,"sample":18},{"week":24,"averageReturn":-3.0,"sample":17},{"week":25,"averageReturn":-10.2,"sample":17},{"week":26,"averageReturn":-3.7,"sample":17}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":24,"completedEpisodes":22,"activeEpisodes":2,"medianExpectedMove":5.5,"averageExpectedMove":11.2,"averageWeeksToLargestMove":5.0,"horizons":[{"weeks":4,"sample":24,"expectedCount":6,"expectedPercent":25.0,"averageReturn":1.8,"medianReturn":7.4,"confidenceLow":12.0,"confidenceHigh":44.9,"confidence":"Historically adverse"},{"weeks":12,"sample":22,"expectedCount":6,"expectedPercent":27.3,"averageReturn":9.7,"medianReturn":14.3,"confidenceLow":13.2,"confidenceHigh":48.2,"confidence":"Historically adverse"},{"weeks":26,"sample":21,"expectedCount":8,"expectedPercent":38.1,"averageReturn":0.9,"medianReturn":0.0,"confidenceLow":20.8,"confidenceHigh":59.1,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.8,"sample":24},{"week":2,"averageReturn":1.5,"sample":24},{"week":3,"averageReturn":1.8,"sample":24},{"week":4,"averageReturn":1.8,"sample":24},{"week":5,"averageReturn":2.7,"sample":23},{"week":6,"averageReturn":0.7,"sample":23},{"week":7,"averageReturn":0.4,"sample":23},{"week":8,"averageReturn":5.3,"sample":22},{"week":9,"averageReturn":4.9,"sample":22},{"week":10,"averageReturn":4.1,"sample":22},{"week":11,"averageReturn":3.6,"sample":22},{"week":12,"averageReturn":9.7,"sample":22},{"week":13,"averageReturn":9.6,"sample":21},{"week":14,"averageReturn":5.4,"sample":21},{"week":15,"averageReturn":2.5,"sample":21},{"week":16,"averageReturn":0.4,"sample":21},{"week":17,"averageReturn":-1.4,"sample":21},{"week":18,"averageReturn":-1.5,"sample":21},{"week":19,"averageReturn":-0.3,"sample":21},{"week":20,"averageReturn":-0.8,"sample":21},{"week":21,"averageReturn":-1.6,"sample":21},{"week":22,"averageReturn":1.7,"sample":21},{"week":23,"averageReturn":3.2,"sample":21},{"week":24,"averageReturn":1.2,"sample":21},{"week":25,"averageReturn":1.9,"sample":21},{"week":26,"averageReturn":0.9,"sample":21}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":21,"completedEpisodes":19,"activeEpisodes":2,"medianExpectedMove":12.5,"averageExpectedMove":10.5,"averageWeeksToLargestMove":3.8,"horizons":[{"weeks":4,"sample":21,"expectedCount":9,"expectedPercent":42.9,"averageReturn":-1.7,"medianReturn":0.0,"confidenceLow":24.5,"confidenceHigh":63.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":19,"expectedCount":8,"expectedPercent":42.1,"averageReturn":3.4,"medianReturn":0.0,"confidenceLow":23.1,"confidenceHigh":63.7,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":12,"expectedPercent":63.2,"averageReturn":-4.8,"medianReturn":-6.7,"confidenceLow":41.0,"confidenceHigh":80.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.3,"sample":21},{"week":2,"averageReturn":-0.7,"sample":21},{"week":3,"averageReturn":-0.4,"sample":21},{"week":4,"averageReturn":-1.7,"sample":21},{"week":5,"averageReturn":-4.7,"sample":21},{"week":6,"averageReturn":-3.7,"sample":20},{"week":7,"averageReturn":-4.2,"sample":20},{"week":8,"averageReturn":2.2,"sample":20},{"week":9,"averageReturn":4.7,"sample":19},{"week":10,"averageReturn":9.9,"sample":19},{"week":11,"averageReturn":5.9,"sample":19},{"week":12,"averageReturn":3.4,"sample":19},{"week":13,"averageReturn":7.0,"sample":19},{"week":14,"averageReturn":1.8,"sample":19},{"week":15,"averageReturn":2.9,"sample":19},{"week":16,"averageReturn":2.2,"sample":19},{"week":17,"averageReturn":0.6,"sample":19},{"week":18,"averageReturn":1.5,"sample":19},{"week":19,"averageReturn":2.4,"sample":19},{"week":20,"averageReturn":-0.3,"sample":19},{"week":21,"averageReturn":-0.1,"sample":19},{"week":22,"averageReturn":-4.2,"sample":19},{"week":23,"averageReturn":-5.5,"sample":19},{"week":24,"averageReturn":-5.2,"sample":19},{"week":25,"averageReturn":-7.2,"sample":19},{"week":26,"averageReturn":-4.8,"sample":19}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":20,"completedEpisodes":20,"activeEpisodes":0,"medianExpectedMove":17.9,"averageExpectedMove":19.9,"averageWeeksToLargestMove":4.7,"horizons":[{"weeks":4,"sample":20,"expectedCount":11,"expectedPercent":55.0,"averageReturn":-0.0,"medianReturn":3.3,"confidenceLow":34.2,"confidenceHigh":74.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":7,"expectedPercent":35.0,"averageReturn":-7.1,"medianReturn":-10.7,"confidenceLow":18.1,"confidenceHigh":56.7,"confidence":"Mixed historical record"},{"weeks":26,"sample":17,"expectedCount":9,"expectedPercent":52.9,"averageReturn":-0.2,"medianReturn":4.3,"confidenceLow":31.0,"confidenceHigh":73.8,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.0,"sample":20},{"week":2,"averageReturn":2.7,"sample":20},{"week":3,"averageReturn":-0.4,"sample":20},{"week":4,"averageReturn":-0.0,"sample":20},{"week":5,"averageReturn":1.9,"sample":20},{"week":6,"averageReturn":-0.4,"sample":20},{"week":7,"averageReturn":1.4,"sample":20},{"week":8,"averageReturn":0.5,"sample":20},{"week":9,"averageReturn":-2.3,"sample":20},{"week":10,"averageReturn":-3.5,"sample":20},{"week":11,"averageReturn":-9.6,"sample":20},{"week":12,"averageReturn":-7.1,"sample":20},{"week":13,"averageReturn":-7.8,"sample":20},{"week":14,"averageReturn":-0.3,"sample":19},{"week":15,"averageReturn":-3.9,"sample":19},{"week":16,"averageReturn":-1.9,"sample":19},{"week":17,"averageReturn":0.5,"sample":19},{"week":18,"averageReturn":-4.6,"sample":19},{"week":19,"averageReturn":-4.6,"sample":19},{"week":20,"averageReturn":-5.2,"sample":19},{"week":21,"averageReturn":-7.7,"sample":19},{"week":22,"averageReturn":-8.2,"sample":19},{"week":23,"averageReturn":-3.5,"sample":18},{"week":24,"averageReturn":-4.4,"sample":18},{"week":25,"averageReturn":5.5,"sample":17},{"week":26,"averageReturn":-0.2,"sample":17}]}},"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":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":27.3,"averageReturn":9.7,"sample":22},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 27.3% of comparable cases moved lower after 12 weeks, with an average move of 9.7% across 22 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 6 cases. Distinct visits lasted 13.4 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 19.9% across 20 completed cases, with the largest move arriving after 4.7 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2025-06-06","price":0.0345},{"date":"2025-10-03","price":0.035},{"date":"2025-11-07","price":0.034},{"date":"2026-03-06","price":0.038},{"date":"2026-05-08","price":0.034}],"distribution_rollovers":[],"price_pressure_gaps":[]}},"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":[0.105,0.105,0.097,0.105,0.1,0.105,0.135,0.13,0.12,0.115,0.1,0.098,0.098,0.048,0.046,0.036,0.03,0.028,0.032,0.032,0.027,0.026,0.025,0.027,0.028,0.026,0.027,0.025,0.024,0.023,0.022,0.028,0.027,0.025,0.024,0.023,0.024,0.025,0.028,0.032,0.033,0.0345,0.033,0.031,0.028,0.029,0.028,0.026,0.027,0.026,0.031,0.029,0.03,0.028,0.028,0.027,0.028,0.033,0.035,0.035,0.035,0.031,0.03,0.034,0.03,0.0235,0.0235,0.023,0.024,0.022,0.026,0.0255,0.027,0.0275,0.028,0.032,0.028,0.032,0.029,0.031,0.038,0.029,0.026,0.028,0.028,0.026,0.032,0.031,0.03,0.034,0.028,0.027,0.025,0.026,0.025,0.027,0.024,0.025,0.026,0.024,0.02,0.018,0.017,0.017],"consensus":[34.9126,20.2293,-23.8925,29.4705,-25.6064,16.4005,77.9346,25.6549,0.0,0.0,-48.6407,-36.1096,-32.2466,-77.6272,-46.248,-72.6536,-70.8793,-55.032,-21.8126,-22.26,-52.0617,-45.9795,-49.8705,-29.2995,-10.0871,-41.137,-18.3553,-30.3954,-25.7844,-31.4882,-40.5083,25.1333,-10.8633,-19.4058,-23.8553,-32.9043,-8.919,0.0,24.3447,44.0426,27.6614,35.4739,15.6667,-13.7557,-29.0477,0.0,-23.8926,-32.2758,9.3564,-17.5869,49.6938,0.0,18.1989,-12.6985,-8.9116,-18.448,0.0,41.997,40.9692,28.2934,25.9112,-32.195,-12.3477,34.6133,-31.1817,-62.5414,-24.072,-30.6533,-21.2875,-51.7675,32.9095,0.0,20.1684,17.0901,27.3522,57.123,-24.9396,49.238,-14.1864,19.5614,75.9433,-44.9774,-45.422,13.3646,-16.7627,-31.9261,53.1806,0.0,0.0,54.1977,-45.2452,-19.6925,-27.2517,-19.2997,-11.6347,11.2719,-32.894,-20.603,13.1592,-41.8643,-60.5311,-55.0687,-44.1052,-49.0035],"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":[12.1679,-20.0372,-8.4817,-21.9564,0.0,27.9927,36.6354,21.8583,18.5669,-33.7276,-5.956,33.4508,-20.564,-62.9252,-16.9945,-25.282,-18.3315,-56.8332,29.6829,0.0,11.7357,8.6251,31.9305,51.3108,-28.9078,47.4579,-20.0594,25.3928,76.4196,-42.9042,-40.6849,18.4433,-10.6462,-33.1746,46.8587,0.0,0.0,45.4703,-41.7088,-15.1897,-23.1873,-14.2911,-0.5671,20.0205,-36.0829,-27.5402,20.7204,-47.5666,-55.8527,-45.8486,-39.8908,-54.6797],"force":[19.5015,-30.6554,-9.3539,-21.8158,0.0,67.2515,36.6338,9.4552,9.0973,-71.1339,-15.8474,61.7186,-65.3059,-83.8204,-4.2804,-12.3943,-2.8289,-64.3483,81.6219,0.0,42.6362,22.214,31.8228,77.6288,-67.3428,60.5796,-42.4474,15.4267,95.9496,-93.4736,-77.2466,48.2163,-13.9402,-34.6327,87.7679,0.0,0.0,83.0599,-81.2493,-14.0439,-16.1061,-2.7083,-1.9449,24.7053,-32.3322,-6.8748,25.2592,-42.7651,-81.1367,-65.1043,-27.5405,-25.2996],"direction":[24.161,-8.515,-9.0871,-12.0329,0.0,39.963,49.0188,49.1036,46.3147,-2.6298,-17.1526,16.581,-18.9417,-46.9036,-46.2973,-49.8342,-41.8918,-36.9918,1.8023,0.0,13.7572,23.1044,18.9264,49.1185,-9.8837,43.1711,-12.712,15.8504,61.1087,-12.7065,-28.1038,17.3336,-25.7691,-28.566,35.7004,0.0,0.0,43.556,-23.5697,-28.8732,-39.858,-36.8748,-33.9832,8.3218,-29.6508,-22.4806,4.1249,-34.704,-51.1597,-58.4376,-60.7536,-59.4479],"intensity":[23.0769,42.3077,25.0,26.9231,28.8462,92.3077,84.6154,30.7692,32.6923,71.1538,76.9231,78.8462,84.6154,90.3846,59.6154,3.8462,42.3077,55.7692,69.2308,55.7692,57.6923,5.7692,32.6923,88.4615,69.2308,69.2308,61.5385,38.4615,96.1538,96.1538,98.0769,65.3846,34.6154,51.9231,88.4615,57.6923,25.0,71.1538,88.4615,82.6923,48.0769,48.0769,55.7692,30.7692,59.6154,46.1538,5.7692,32.6923,88.4615,67.3077,46.1538,23.0769],"confirmation":[73.9552,28.9821,70.8718,73.9526,48.7099,82.4221,81.044,76.5778,75.8911,56.7991,49.4886,79.92,79.1799,88.6559,52.541,77.3344,52.0589,84.8718,57.3981,0.9209,75.2671,73.754,76.8192,86.9929,33.9877,84.1289,30.69,74.0448,92.9043,83.9023,83.5771,31.6259,73.3713,78.2798,86.1682,4.4113,26.3148,86.3559,83.6296,74.1981,76.4428,51.0799,26.5595,28.3251,78.4604,51.4022,50.6778,81.3371,88.0692,86.0683,81.6731,90.8722],"persistence":[0.0,12.5,12.5,12.5,25.0,0.0,0.0,12.5,12.5,12.5,12.5,37.5,25.0,0.0,25.0,50.0,75.0,75.0,50.0,62.5,37.5,12.5,12.5,37.5,37.5,62.5,37.5,50.0,50.0,25.0,0.0,0.0,0.0,25.0,0.0,12.5,25.0,0.0,0.0,25.0,25.0,25.0,50.0,37.5,50.0,75.0,50.0,50.0,50.0,50.0,50.0,75.0],"assessmentRisk":[35.6152,43.346,40.5417,28.6093,41.1629,27.7915,29.2841,35.7654,36.8905,17.1707,42.0484,37.322,32.4494,17.9727,36.5804,34.6005,37.4112,3.2449,18.0717,36.6801,28.6306,39.1923,17.3375,20.2091,28.8929,20.8013,26.3405,28.8127,11.9024,9.0517,8.5334,38.5103,40.9631,15.7717,17.5534,28.4633,23.1832,20.77,13.5391,26.6294,27.5163,38.9649,32.6471,5.6359,0.0942,5.9489,9.8252,21.459,15.489,22.0223,27.9232,25.4714],"volumeParticipation":true,"latest":{"consensus":-49.0,"control":-54.7,"force":-25.3,"direction":-59.4,"confirmation":90.9,"persistence":75.0,"assessmentRisk":25.5,"intensity":23.1,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-49.0","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-54.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-25.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-59.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"91/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"35.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"21.6%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"18.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"4%","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":[0.105,0.105,0.097,0.105,0.1,0.105,0.135,0.13,0.12,0.115,0.1,0.098,0.098,0.048,0.046,0.036,0.03,0.028,0.032,0.032,0.027,0.026,0.025,0.027,0.028,0.026,0.027,0.025,0.024,0.023,0.022,0.028,0.027,0.025,0.024,0.023,0.024,0.025,0.028,0.032,0.033,0.0345,0.033,0.031,0.028,0.029,0.028,0.026,0.027,0.026,0.031,0.029,0.03,0.028,0.028,0.027,0.028,0.033,0.035,0.035,0.035,0.031,0.03,0.034,0.03,0.0235,0.0235,0.023,0.024,0.022,0.026,0.0255,0.027,0.0275,0.028,0.032,0.028,0.032,0.029,0.031,0.038,0.029,0.026,0.028,0.028,0.026,0.032,0.031,0.03,0.034,0.028,0.027,0.025,0.026,0.025,0.027,0.024,0.025,0.026,0.024,0.02,0.018,0.017,0.017],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[0.0989,0.1,0.0995,0.1005,0.1004,0.1012,0.1074,0.1115,0.113,0.1134,0.111,0.1086,0.1067,0.096,0.0869,0.0777,0.069,0.0615,0.0562,0.0518,0.0473,0.0434,0.0401,0.0377,0.0359,0.0341,0.0328,0.0314,0.0301,0.0288,0.0275,0.0276,0.0275,0.0271,0.0265,0.0259,0.0255,0.0254,0.0259,0.027,0.0281,0.0293,0.0299,0.0301,0.0297,0.0296,0.0293,0.0287,0.0284,0.028,0.0285,0.0286,0.0289,0.0287,0.0286,0.0283,0.0282,0.0291,0.0302,0.0311,0.0318,0.0316,0.0313,0.0318,0.0315,0.03,0.0288,0.0278,0.0271,0.0262,0.0261,0.026,0.0262,0.0264,0.0267,0.0277,0.0277,0.0285,0.0286,0.029,0.0307,0.0304,0.0296,0.0293,0.0291,0.0285,0.0291,0.0295,0.0296,0.0304,0.0299,0.0294,0.0286,0.0281,0.0276,0.0275,0.0268,0.0265,0.0264,0.026,0.0249,0.0236,0.0224,0.0214],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[0.1005,0.1009,0.1006,0.1009,0.1008,0.1011,0.1037,0.1056,0.1067,0.1073,0.1067,0.1061,0.1055,0.1012,0.0971,0.0926,0.088,0.0835,0.0797,0.0762,0.0725,0.0691,0.0658,0.063,0.0604,0.0578,0.0555,0.0533,0.0511,0.049,0.047,0.0456,0.0442,0.0428,0.0414,0.0401,0.0389,0.0378,0.0371,0.0367,0.0365,0.0363,0.0361,0.0357,0.0351,0.0347,0.0342,0.0336,0.0331,0.0326,0.0324,0.0322,0.032,0.0317,0.0314,0.0311,0.0309,0.031,0.0313,0.0316,0.0319,0.0318,0.0317,0.0318,0.0317,0.0311,0.0305,0.03,0.0295,0.029,0.0288,0.0285,0.0284,0.0283,0.0283,0.0286,0.0285,0.0288,0.0288,0.029,0.0296,0.0296,0.0293,0.0292,0.0291,0.0289,0.0291,0.0293,0.0293,0.0297,0.0295,0.0294,0.029,0.0288,0.0285,0.0284,0.0281,0.0279,0.0277,0.0274,0.0269,0.0262,0.0256,0.0249],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[0.1183,0.1152,0.1124,0.1101,0.1083,0.1094,0.1196,0.1252,0.1272,0.1284,0.1275,0.127,0.127,0.1356,0.1411,0.1466,0.1512,0.1541,0.1555,0.1558,0.1551,0.1536,0.1523,0.1491,0.1459,0.1413,0.1294,0.1167,0.1044,0.091,0.0796,0.0656,0.0427,0.0386,0.0337,0.0318,0.0314,0.0312,0.0303,0.0303,0.0316,0.0331,0.034,0.0345,0.0345,0.0346,0.0347,0.0347,0.0347,0.0346,0.0346,0.0347,0.0349,0.0348,0.0347,0.0344,0.0341,0.0344,0.0353,0.0358,0.0362,0.0357,0.0354,0.0358,0.0358,0.0362,0.0365,0.0368,0.0369,0.0372,0.037,0.037,0.0368,0.0368,0.0368,0.0372,0.0372,0.037,0.0362,0.0355,0.0363,0.0361,0.0359,0.0351,0.0349,0.0349,0.0352,0.0353,0.0354,0.0355,0.0355,0.0354,0.0355,0.0356,0.0357,0.0354,0.0355,0.0352,0.0351,0.0349,0.0332,0.0337,0.0344,0.0347],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[0.0786,0.0802,0.0812,0.0825,0.0833,0.0832,0.0775,0.076,0.0775,0.0788,0.0814,0.0828,0.0829,0.0691,0.0584,0.047,0.0358,0.0257,0.0178,0.0107,0.0036,-0.0028,-0.0087,-0.0133,-0.0173,-0.0206,-0.0195,-0.0173,-0.0146,-0.0104,-0.0068,0.0002,0.016,0.0178,0.0205,0.0211,0.0209,0.0208,0.0213,0.0213,0.0206,0.0199,0.0198,0.0198,0.0198,0.0199,0.02,0.0201,0.0204,0.0208,0.0216,0.0217,0.0218,0.0221,0.0226,0.0234,0.024,0.0245,0.0244,0.0241,0.024,0.0241,0.0241,0.024,0.0242,0.0232,0.0225,0.0219,0.0215,0.0208,0.0205,0.0202,0.02,0.02,0.02,0.0201,0.0201,0.0202,0.0204,0.0207,0.0202,0.0202,0.02,0.0202,0.0202,0.0205,0.021,0.0217,0.0222,0.0233,0.0235,0.0238,0.0234,0.0232,0.0228,0.0226,0.0221,0.0217,0.0215,0.021,0.0209,0.0193,0.0177,0.0163],"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":[-5.1049,-5.8923,-12.1531,-6.0021,-11.518,-7.1268,19.714,14.0022,4.5706,1.4911,-10.1303,-13.231,-12.5735,-57.2431,-58.6725,-67.0354,-71.7496,-72.488,-68.8639,-68.3578,-73.0212,-73.6654,-74.5577,-72.4447,-70.8765,-72.5993,-70.0078,-71.2744,-71.0029,-71.0008,-71.5935,-63.183,-62.1324,-63.9343,-65.2472,-66.4195,-65.2117,-62.9475,-58.2616,-51.5051,-49.5515,-46.7836,-48.3886,-50.2845,-54.0323,-51.6589,-52.0034,-55.1992,-51.7302,-52.1239,-42.2723,-45.1831,-41.6276,-43.6916,-41.2195,-41.1897,-36.248,-22.2893,-15.1317,-10.3795,-6.3717,-13.0372,-10.6574,6.865,0.2064,-18.1432,-18.7732,-19.9516,-16.6608,-22.5196,-9.4296,-10.3124,-4.8388,-5.0799,-2.9836,10.474,-1.5127,9.5668,-2.4611,2.7496,29.9272,1.6023,-7.0367,-0.7924,-1.3758,-12.1275,7.9974,6.1369,3.0683,16.0461,-3.1127,-6.4751,-13.6211,-8.5052,-13.2951,-6.298,-15.8235,-12.8308,-8.7805,-15.5877,-29.1084,-37.2773,-42.0082,-40.5658],"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":[-44.7368,-44.7368,-48.9474,-44.7368,-47.3684,-44.7368,-28.9474,-31.5789,-36.8421,-39.4737,-47.3684,-48.4211,-48.4211,-74.7368,-75.7895,-81.0526,-84.2105,-85.2632,-83.1579,-83.1579,-85.7895,-86.3158,-86.8421,-85.7895,-85.2632,-86.3158,-85.7895,-86.8421,-87.3684,-87.8947,-88.4211,-85.2632,-85.7895,-86.8421,-87.3684,-87.8947,-87.3684,-86.8421,-85.2632,-83.1579,-82.6316,-81.8421,-82.6316,-83.6842,-85.2632,-84.7368,-85.2632,-86.3158,-85.7895,-86.3158,-83.6842,-84.7368,-84.2105,-85.2632,-85.2632,-85.7895,-85.2632,-82.6316,-81.5789,-81.5789,-81.5789,-83.6842,-84.2105,-82.1053,-84.2105,-87.6316,-87.6316,-87.8947,-87.3684,-88.4211,-86.3158,-86.5789,-85.7895,-85.5263,-85.2632,-83.1579,-85.2632,-83.1579,-84.7368,-83.6842,-80.0,-84.7368,-86.3158,-85.2632,-85.2632,-86.3158,-83.1579,-83.6842,-84.2105,-82.1053,-85.2632,-85.7895,-86.8421,-86.3158,-86.8421,-85.7895,-87.3684,-86.8421,-86.3158,-87.3684,-89.4737,-90.5263,-91.0526,-91.0526],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[26.506,26.506,16.8675,26.506,20.4819,26.506,62.6506,56.6265,44.5783,38.5542,20.4819,18.0723,18.0723,0.0,0.0,0.0,0.0,0.0,14.2857,14.2857,0.0,0.0,0.0,8.0,12.0,4.0,8.0,0.0,0.0,0.0,0.0,27.2727,22.7273,13.6364,9.0909,4.5455,9.0909,13.6364,27.2727,45.4545,50.0,56.8182,50.0,40.9091,27.2727,31.8182,27.2727,18.1818,22.7273,18.1818,40.9091,31.8182,36.3636,27.2727,27.2727,22.7273,21.7391,43.4783,52.1739,52.1739,52.1739,29.1667,20.0,30.7692,15.3846,0.0,0.0,0.0,4.3478,0.0,18.1818,15.9091,22.7273,25.0,27.2727,45.4545,27.2727,45.4545,31.8182,40.9091,72.7273,31.8182,18.1818,27.2727,27.2727,18.1818,45.4545,40.9091,36.3636,54.5455,27.2727,22.7273,13.6364,18.1818,13.6364,8.0,0.0,4.1667,8.3333,0.0,0.0,0.0,0.0,0.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"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":[91.2027,61.8514,60.6501,67.403,123.2404,167.2485,245.0049,138.4316,90.8669,112.5313,171.6304,34.051,26.9988,549.3415,148.0184,213.0996,179.4517,90.1789,19.9251,29.1592,58.7032,35.6641,63.4647,20.0086,38.2509,47.7889,15.9402,29.3068,47.2835,29.0617,35.2984,74.6917,101.2483,182.2217,29.9924,13.7875,58.9579,125.6454,86.6319,97.1739,82.8491,118.8313,78.4875,130.0188,138.6139,58.5384,48.6743,39.5642,98.3233,80.161,129.5011,55.0189,107.2073,138.184,90.6147,60.9811,92.1916,741.1807,94.1476,64.1506,85.1258,100.248,75.7577,289.5961,188.5468,474.9477,98.7857,42.0057,64.2679,158.78,93.2695,56.7508,253.278,174.724,139.7846,156.6358,111.6781,80.4189,82.5413,42.124,157.9697,227.5033,322.7814,204.4567,82.3867,70.771,158.2349,82.2427,61.7287,149.6682,121.1683,50.4108,8.7263,70.97,5.2121,12.9173,49.8818,11.9852,7.2055,23.5954,259.8181,217.2452,72.7414,92.5638],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[122.3011,122.3011,121.7519,122.3636,121.2734,122.6854,124.9279,123.6118,122.7713,121.712,120.0085,119.6783,119.6783,113.0122,111.108,108.1279,105.513,104.1716,104.4629,104.4629,103.6103,103.0932,102.1609,102.4516,102.997,102.3335,102.5386,102.1755,101.5959,101.2501,101.1086,102.3874,100.6949,98.262,97.8954,97.7547,98.263,99.2928,100.0164,100.8392,101.5192,102.5104,101.8825,100.7983,99.6134,100.1008,99.6926,99.3644,100.1802,99.5076,100.6307,100.1742,101.0176,100.0308,100.0308,99.5768,100.2718,108.5418,110.144,110.5185,111.0317,110.5336,109.5939,114.352,116.7682,100.8813,101.2045,98.809,102.5259,92.7303,98.5961,94.9639,113.1469,126.5994,135.0,135.0,128.0611,132.5436,127.8406,130.2599,135.0,121.4903,98.9443,114.0688,114.0688,109.15,120.8085,114.5502,109.7735,121.8226,111.6629,107.3824,106.6854,112.2695,111.876,112.8046,109.2826,110.1103,110.5947,109.0146,90.2839,74.36,69.6779,69.6779],"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":"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":[13.8973,13.8973,9.0634,13.8973,31.0345,39.6552,100.0,90.566,71.6981,62.2642,33.9623,30.1887,30.1887,3.3333,2.1978,3.8835,0.0,0.9259,4.6296,4.6296,0.9174,0.0,0.0,1.8182,2.7273,0.9091,1.8182,1.7857,1.7699,0.885,0.0,5.3097,4.4248,2.7778,1.8519,1.1364,2.4096,3.6145,7.6923,34.4828,37.931,73.5294,64.7059,52.9412,35.2941,41.1765,35.2941,23.5294,29.4118,23.5294,52.9412,41.1765,47.0588,35.2941,35.2941,29.4118,35.2941,47.8261,56.5217,56.5217,56.5217,39.1304,34.7826,47.619,28.5714,2.2727,6.5217,4.3478,8.6957,0.0,17.3913,15.2174,21.7391,23.913,26.087,43.4783,26.087,43.4783,30.4348,39.1304,69.5652,30.4348,17.3913,30.0,30.0,20.0,50.0,45.0,40.0,60.0,30.0,25.0,15.0,20.0,15.0,25.0,5.2632,10.5263,15.7895,5.2632,8.3333,7.6923,3.8462,3.8462],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-57.5758,-57.5758,-60.8081,-57.5758,-28.5714,-25.0,0.0,-3.7037,-11.1111,-14.8148,-25.9259,-27.4074,-27.4074,-64.4444,-65.9259,-73.3333,-77.7778,-79.2593,-76.2963,-76.2963,-80.0,-80.7407,-81.4815,-80.0,-79.2593,-80.7407,-80.0,-81.4815,-82.2222,-82.963,-83.7037,-79.2593,-80.0,-80.7692,-81.5385,-79.0909,-77.1429,-76.1905,-72.0,-37.2549,-35.2941,-11.5385,-15.3846,-20.5128,-28.2051,-25.641,-28.2051,-33.3333,-30.7692,-33.3333,-20.5128,-25.641,-23.0769,-28.2051,-28.2051,-30.7692,-28.2051,-26.6667,-22.2222,-22.2222,-22.2222,-31.1111,-33.3333,-24.4444,-33.3333,-47.7778,-47.7778,-48.8889,-46.6667,-51.1111,-42.2222,-43.3333,-40.0,-38.8889,-37.7778,-28.8889,-37.7778,-28.8889,-35.5556,-31.1111,-15.5556,-35.5556,-42.2222,-33.3333,-33.3333,-38.0952,-23.8095,-26.1905,-28.5714,-19.0476,-33.3333,-35.7143,-40.4762,-38.0952,-40.4762,-35.7143,-42.8571,-40.4762,-38.0952,-42.8571,-52.381,-57.1429,-59.5238,-59.5238],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[28.0488,28.0488,18.2927,28.0488,21.9512,28.0488,64.6341,58.5366,46.3415,40.2439,21.9512,19.5122,19.5122,6.6667,4.5455,12.5,0.0,3.7037,18.5185,18.5185,3.8462,0.0,0.0,8.0,12.0,4.0,8.0,8.6957,9.0909,4.5455,0.0,27.2727,22.7273,13.6364,9.0909,4.5455,9.0909,13.6364,27.2727,45.4545,50.0,56.8182,50.0,40.9091,27.2727,31.8182,27.2727,18.1818,22.7273,18.1818,40.9091,31.8182,36.3636,27.2727,27.2727,22.7273,27.2727,50.0,59.0909,59.0909,59.0909,40.9091,36.3636,41.6667,25.0,2.1739,6.8182,4.5455,9.0909,0.0,18.1818,15.9091,22.7273,25.0,27.2727,45.4545,27.2727,45.4545,31.8182,40.9091,72.7273,31.8182,18.1818,27.2727,27.2727,18.1818,45.4545,40.9091,36.3636,54.5455,27.2727,22.7273,13.6364,18.1818,13.6364,22.7273,4.3478,8.6957,13.0435,4.3478,11.1111,12.5,6.25,6.25],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"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":[-0.0016,-0.001,-0.0011,-0.0006,-0.0006,-0.0002,0.0026,0.0043,0.0048,0.0047,0.0034,0.0022,0.0012,-0.0036,-0.0074,-0.0112,-0.0144,-0.017,-0.0185,-0.0195,-0.0204,-0.021,-0.0213,-0.0211,-0.0206,-0.0202,-0.0195,-0.019,-0.0184,-0.0178,-0.0172,-0.0161,-0.0151,-0.0143,-0.0136,-0.013,-0.0123,-0.0115,-0.0105,-0.0093,-0.0082,-0.0071,-0.0062,-0.0057,-0.0054,-0.0051,-0.0048,-0.0047,-0.0045,-0.0044,-0.0038,-0.0035,-0.0032,-0.003,-0.0028,-0.0028,-0.0026,-0.002,-0.0014,-0.0009,-0.0005,-0.0005,-0.0005,-0.0003,-0.0004,-0.001,-0.0014,-0.0018,-0.002,-0.0023,-0.0022,-0.0021,-0.0019,-0.0017,-0.0014,-0.0009,-0.0008,-0.0004,-0.0003,-0.0001,0.0006,0.0005,0.0001,-0.0,-0.0001,-0.0003,-0.0,0.0001,0.0002,0.0005,0.0003,0.0,-0.0003,-0.0005,-0.0007,-0.0007,-0.001,-0.0011,-0.0011,-0.0012,-0.0016,-0.0021,-0.0025,-0.0028],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[-0.0024,-0.0021,-0.0019,-0.0017,-0.0014,-0.0012,-0.0004,0.0005,0.0014,0.002,0.0023,0.0023,0.0021,0.0009,-0.0007,-0.0028,-0.0052,-0.0075,-0.0097,-0.0117,-0.0134,-0.0149,-0.0162,-0.0172,-0.0179,-0.0183,-0.0186,-0.0187,-0.0186,-0.0184,-0.0182,-0.0178,-0.0172,-0.0167,-0.016,-0.0154,-0.0148,-0.0141,-0.0134,-0.0126,-0.0117,-0.0108,-0.0099,-0.009,-0.0083,-0.0077,-0.0071,-0.0066,-0.0062,-0.0058,-0.0054,-0.0051,-0.0047,-0.0043,-0.004,-0.0038,-0.0035,-0.0032,-0.0029,-0.0025,-0.0021,-0.0018,-0.0015,-0.0013,-0.0011,-0.0011,-0.0011,-0.0013,-0.0014,-0.0016,-0.0017,-0.0018,-0.0018,-0.0018,-0.0017,-0.0016,-0.0014,-0.0012,-0.001,-0.0009,-0.0006,-0.0004,-0.0003,-0.0002,-0.0002,-0.0002,-0.0002,-0.0001,-0.0001,0.0,0.0001,0.0001,0.0,-0.0001,-0.0002,-0.0003,-0.0005,-0.0006,-0.0007,-0.0008,-0.0009,-0.0012,-0.0014,-0.0017],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[0.0008,0.0011,0.0008,0.001,0.0009,0.001,0.003,0.0038,0.0034,0.0027,0.0011,-0.0001,-0.0009,-0.0045,-0.0067,-0.0083,-0.0093,-0.0095,-0.0088,-0.0078,-0.007,-0.006,-0.0051,-0.0039,-0.0028,-0.0019,-0.001,-0.0003,0.0002,0.0006,0.001,0.0017,0.0021,0.0023,0.0024,0.0024,0.0025,0.0027,0.0029,0.0033,0.0035,0.0037,0.0036,0.0033,0.0029,0.0026,0.0023,0.0019,0.0017,0.0014,0.0016,0.0015,0.0015,0.0013,0.0012,0.001,0.001,0.0012,0.0015,0.0016,0.0016,0.0013,0.001,0.001,0.0007,0.0001,-0.0003,-0.0005,-0.0006,-0.0007,-0.0005,-0.0003,-0.0001,0.0001,0.0003,0.0006,0.0006,0.0008,0.0007,0.0007,0.0012,0.0008,0.0004,0.0002,0.0001,-0.0001,0.0001,0.0002,0.0002,0.0005,0.0002,-0.0,-0.0003,-0.0004,-0.0005,-0.0004,-0.0005,-0.0005,-0.0004,-0.0004,-0.0007,-0.0009,-0.0011,-0.0011],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/441c5f3a-a594-4072-b20c-8a297dac3422/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/441c5f3a-a594-4072-b20c-8a297dac3422/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/441c5f3a-a594-4072-b20c-8a297dac3422/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/441c5f3a-a594-4072-b20c-8a297dac3422/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/441c5f3a-a594-4072-b20c-8a297dac3422/technical-pack/data.json"},"source_fingerprint":"8a34fce6dd98a5f2b0fd5656bc48fe70a222927cec94f6767e3c6cda13a55079","content_hash":"9e4994068eaa237fb4c890d98ace0700199cb0a3c38e50fee84286330b2e295c","citation":"Sharemaestro, ADX Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/441c5f3a-a594-4072-b20c-8a297dac3422/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."}