{"schema_version":"1.0","name":"IMB Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"501b79ef-72c8-41f3-a6b5-a1de00fb350a","symbol":"IMB","name":"Imperial Brands PLC","exchange":"LSE","country":"GB","asset_type":"equity","currency":"GBP","sector":"Consumer Defensive","industry":"Tobacco"},"summary":"Market Dynamics eased this week but remains positive. 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, Acceleration, deceleration and rollover, Range position and boundary pressure, Activity pressure and cumulative balance, Drawdown and recovery 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":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics eased this week but remains positive. 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 eased this week but remains positive. 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":["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":[1.219964,1.210883,1.206929,1.10107,0.976663,0.747089,0.502084,0.319128,0.280577,0.247701,0.35858,0.455813,0.484156,0.770311,1.019116,1.2379,1.372744,1.380211,1.230604,1.224491,1.32729,1.280564,1.2565,1.136024,1.067468,1.071521,0.863015,0.608938,0.367336,0.09122,-0.011245,-0.011739,-0.116872,0.056108,0.223051,0.379397,0.61254,0.643816,0.364238,-0.054546,-0.557234,-1.045297,-1.075654,-0.841677,-0.811013,-0.796673,-0.794746,-0.956625,-0.98418,-0.902393,-0.799041,-0.569698,-0.052795,0.402414,0.743596,0.917159,0.873006,0.742133,0.676871,0.583524,0.27543,0.103447,-0.19475,-0.331599,-0.354547,-0.284051,-0.039521,-0.042778,-0.029138,-0.042848,-0.332653,-0.591363,-0.802906,-1.141827,-1.24815,-1.052068,-0.595604,-0.200145,0.253803,0.491002,0.375337,0.348695,0.081792,-0.274461,-0.49434,-0.766856,-0.904009,-0.986549,-1.011929,-1.16632,-1.197106,-1.269599,-1.38698,-1.378835,-1.426527,-1.422539,-1.276631,-1.079849,-0.94451,-0.45479,-0.077963,0.354161,0.682801,0.560694],"opens":[2158.481029,2149.716553,2182.681312,2244.615106,2221.639867,2173.691161,2174.689603,2153.711969,2265.592784,2302.553562,2294.561915,2348.504828,2366.485779,2375.476313,2529.31277,2586.785144,2570.79858,2613.762066,2566.802242,2554.812494,2617.758787,2598.77488,2600.773068,2647.732804,2711.677887,2824.581572,2787.613027,2697.217775,2791.155696,2774.166953,2786.159124,2719.203767,2829.130606,2773.167546,2908.078552,2980.030801,3011.010375,3099.951755,3011.010389,2718.203947,2833.532273,2810.544001,2887.503996,2901.496853,2946.473463,2844.526306,2848.52417,2925.484278,2929.482422,2887.504145,2960.466138,3018.436301,3063.412893,3146.771494,3120.781749,3142.772963,3195.752306,3082.796483,3182.757385,3034.815148,3139.774326,2998.829352,3003.827393,3020.820448,3159.766545,3138.774605,3218.743382,3212.138952,3252.128145,3198.142715,3156.154011,3131.160806,3131.160819,3038.185702,3059.180127,3044.184004,3075.17568,3331.107274,3272.122982,3229.532591,3302.521936,3158.542851,3210.535276,3072.555172,3089.552771,3067.555949,3109.549903,2800.094609,2753.101617,2819.591896,2744.602764,2810.593078,2812.0,2703.0,2775.0,2778.0,2790.0,2828.0,2735.0,2726.0,2852.0,2823.0,2816.0,2787.0],"highs":[2186.448391,2180.68334,2236.623719,2264.594008,2248.611277,2216.645126,2184.67899,2273.584753,2339.514589,2317.537641,2378.47316,2447.399902,2380.470907,2529.312988,2633.202552,2594.778296,2618.75793,2622.754367,2585.886,2609.765617,2646.733847,2611.519972,2651.769595,2718.672363,2832.574822,2894.521593,2797.604471,2807.145052,2857.112143,2795.152964,2809.143921,2824.134033,2960.04431,2898.085005,2987.0262,3059.978126,3090.957669,3177.900241,3021.003785,2829.627245,2841.528132,2919.48744,2926.483814,2985.453601,2955.468803,2888.503568,2930.481675,2969.461616,2952.470611,2976.458159,3026.43187,3068.410544,3153.366286,3170.472202,3142.772949,3211.746151,3197.751525,3180.758255,3198.751141,3152.769064,3152.769413,3038.81363,3056.806548,3182.757426,3237.735745,3273.79197,3277.720411,3317.11068,3328.107994,3631.06676,3162.152409,3157.15361,3139.158676,3084.17334,3105.167694,3065.178467,3340.104736,3339.105131,3281.12057,3339.516628,3336.517015,3202.536576,3266.527142,3074.554932,3124.547777,3199.036897,3143.045054,2808.593378,2826.090838,2868.084823,2884.582443,3169.541148,2839.0,2761.0,2813.0,2781.0,2836.04,2828.0,2750.0,2910.0,2869.0,2929.0,2820.0,2789.0],"lows":[2121.746038,2134.732469,2170.693833,2225.635389,2157.707877,2160.704555,2136.729777,2136.73001,2252.606908,2268.589765,2225.635585,2341.512204,2323.531321,2368.483742,2512.330813,2534.829608,2538.826344,2533.830601,2550.815807,2539.825572,2570.798992,2518.843201,2582.788617,2644.735371,2709.679598,2778.620762,2645.251973,2683.22702,2695.219009,2731.195494,2706.212196,2636.258274,2820.136719,2673.23358,2883.09506,2959.846066,2977.032827,3009.011702,2646.251559,2702.214512,2752.574243,2788.375438,2850.523141,2896.499442,2810.544055,2802.547961,2832.532455,2885.50492,2862.516933,2856.520148,2931.489208,3014.43843,3048.420831,3077.798575,3055.806924,3086.795111,3050.453258,3071.800776,3035.814647,3002.827637,2968.840953,2939.431605,2984.834656,3020.820448,3131.777289,3103.788377,3140.7738,3209.259841,3171.150069,3161.150737,3105.167677,3091.171441,2978.201661,2976.202051,2992.197986,2993.197759,3063.178896,3213.138633,3184.539036,3211.535195,3123.547979,3077.554456,3045.559254,2989.567186,2991.566907,3064.55646,2738.993408,2710.607641,2731.604612,2730.104953,2698.950354,2795.0,2696.0,2699.0,2775.0,2725.0,2778.26,2782.9761,2693.0,2641.0,2779.0,2780.0,2728.0,2592.0],"closes":[2140.725586,2177.686523,2226.634521,2241.618408,2167.697266,2179.684326,2148.717041,2263.595215,2305.550781,2286.570801,2358.494385,2364.487793,2368.483643,2529.312988,2566.802002,2570.798828,2613.762207,2570.798828,2561.806396,2601.772461,2606.768066,2599.773926,2626.750977,2718.672363,2825.580811,2789.611328,2682.227539,2793.154297,2778.164307,2783.160889,2732.194824,2824.134033,2823.134766,2894.087646,2969.038086,3001.016846,3071.970215,3016.00708,2702.2146,2814.541992,2808.545166,2874.510742,2907.493652,2951.470703,2822.537842,2847.524658,2913.490479,2926.484131,2895.5,2948.472656,3009.440674,3048.420898,3121.78125,3120.781494,3142.772949,3188.755127,3081.796875,3173.760986,3038.813477,3141.773438,3004.826904,3004.826904,3023.81958,3169.762451,3149.770264,3222.741699,3207.140381,3249.128906,3178.148193,3175.148926,3125.162354,3124.162598,3010.193115,3043.184326,3023.189453,3065.178467,3340.104736,3287.118896,3229.532471,3324.518799,3161.54248,3200.536865,3058.557373,3074.554932,3076.554688,3083.553711,2776.098145,2768.599365,2816.092285,2745.102783,2816.592285,2795.0,2696.0,2761.0,2797.0,2732.0,2780.0,2792.0,2713.0,2870.0,2823.0,2825.0,2791.0,2609.0],"pressureRange":[-1.626241,1.626241],"priceRange":[1663.951172,3340.104736],"zones":{"accumulationBoundary":0.06,"distributionBoundary":0.94},"latest":0.560694,"state":"Strong positive despite a softer week","context":{"scenario":"positiveSustained","latestDirection":"easing","fourWeekDirection":"strengthening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"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":"Sustained positive support","detail":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","annotations":[{"label":"Current tape relationship","value":"Sustained positive support","detail":"Market Dynamics eased this week but remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.29,"forwardCorrelation":-0.02,"directionalAgreement":46.3,"sample":255,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":4,"completedEpisodes":4,"activeEpisodes":0,"averageWeeksInZone":3.8,"medianWeeksInZone":3.0,"averageWeeksToHigher":3.5,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":4,"expectedCount":3,"expectedPercent":75.0,"medianReturn":4.0,"averageReturn":2.2,"confidenceLow":30.1,"confidenceHigh":95.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":4,"expectedCount":4,"expectedPercent":100.0,"medianReturn":10.4,"averageReturn":11.0,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":4,"expectedCount":3,"expectedPercent":75.0,"medianReturn":15.6,"averageReturn":14.0,"confidenceLow":30.1,"confidenceHigh":95.4,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.2,"sample":4},{"week":2,"averageReturn":1.6,"sample":4},{"week":3,"averageReturn":2.0,"sample":4},{"week":4,"averageReturn":2.2,"sample":4},{"week":5,"averageReturn":2.6,"sample":4},{"week":6,"averageReturn":4.1,"sample":4},{"week":7,"averageReturn":4.6,"sample":4},{"week":8,"averageReturn":6.9,"sample":4},{"week":9,"averageReturn":7.6,"sample":4},{"week":10,"averageReturn":9.7,"sample":4},{"week":11,"averageReturn":12.2,"sample":4},{"week":12,"averageReturn":11.0,"sample":4},{"week":13,"averageReturn":10.9,"sample":4},{"week":14,"averageReturn":11.5,"sample":4},{"week":15,"averageReturn":11.8,"sample":4},{"week":16,"averageReturn":11.0,"sample":4},{"week":17,"averageReturn":11.4,"sample":4},{"week":18,"averageReturn":11.9,"sample":4},{"week":19,"averageReturn":13.6,"sample":4},{"week":20,"averageReturn":14.7,"sample":4},{"week":21,"averageReturn":14.4,"sample":4},{"week":22,"averageReturn":15.1,"sample":4},{"week":23,"averageReturn":15.4,"sample":4},{"week":24,"averageReturn":15.2,"sample":4},{"week":25,"averageReturn":13.4,"sample":4},{"week":26,"averageReturn":14.0,"sample":4}]},"distribution":{"label":"Distribution","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"averageWeeksInZone":1.3,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":-5.3,"averageReturn":-5.6,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":2,"expectedPercent":66.7,"medianReturn":-15.7,"averageReturn":-9.8,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-15.7,"averageReturn":-15.7,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.9,"sample":3},{"week":2,"averageReturn":-3.1,"sample":3},{"week":3,"averageReturn":-4.1,"sample":3},{"week":4,"averageReturn":-5.6,"sample":3},{"week":5,"averageReturn":-6.3,"sample":3},{"week":6,"averageReturn":-7.3,"sample":3},{"week":7,"averageReturn":-10.5,"sample":3},{"week":8,"averageReturn":-10.1,"sample":3},{"week":9,"averageReturn":-6.7,"sample":3},{"week":10,"averageReturn":-11.0,"sample":3},{"week":11,"averageReturn":-11.0,"sample":3},{"week":12,"averageReturn":-9.8,"sample":3},{"week":13,"averageReturn":-13.1,"sample":3},{"week":14,"averageReturn":-11.4,"sample":3},{"week":15,"averageReturn":-12.7,"sample":3},{"week":16,"averageReturn":-14.2,"sample":3},{"week":17,"averageReturn":-13.0,"sample":3},{"week":18,"averageReturn":-12.5,"sample":3},{"week":19,"averageReturn":-17.1,"sample":3},{"week":20,"averageReturn":-15.1,"sample":3},{"week":21,"averageReturn":-14.9,"sample":3},{"week":22,"averageReturn":-16.4,"sample":3},{"week":23,"averageReturn":-14.5,"sample":3},{"week":24,"averageReturn":-17.0,"sample":3},{"week":25,"averageReturn":-16.2,"sample":2},{"week":26,"averageReturn":-15.7,"sample":2}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":21,"completedEpisodes":20,"activeEpisodes":1,"medianExpectedMove":6.5,"averageExpectedMove":7.7,"averageWeeksToLargestMove":8.3,"horizons":[{"weeks":4,"sample":20,"expectedCount":14,"expectedPercent":70.0,"averageReturn":1.3,"medianReturn":1.3,"confidenceLow":48.1,"confidenceHigh":85.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":13,"expectedPercent":65.0,"averageReturn":4.1,"medianReturn":4.0,"confidenceLow":43.3,"confidenceHigh":81.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":15,"expectedPercent":78.9,"averageReturn":8.6,"medianReturn":10.0,"confidenceLow":56.7,"confidenceHigh":91.5,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.5,"sample":21},{"week":2,"averageReturn":0.5,"sample":21},{"week":3,"averageReturn":1.6,"sample":20},{"week":4,"averageReturn":1.3,"sample":20},{"week":5,"averageReturn":0.7,"sample":20},{"week":6,"averageReturn":2.3,"sample":20},{"week":7,"averageReturn":1.8,"sample":20},{"week":8,"averageReturn":1.9,"sample":20},{"week":9,"averageReturn":2.8,"sample":20},{"week":10,"averageReturn":3.3,"sample":20},{"week":11,"averageReturn":3.2,"sample":20},{"week":12,"averageReturn":4.1,"sample":20},{"week":13,"averageReturn":4.0,"sample":20},{"week":14,"averageReturn":3.4,"sample":20},{"week":15,"averageReturn":4.1,"sample":20},{"week":16,"averageReturn":4.2,"sample":20},{"week":17,"averageReturn":4.0,"sample":20},{"week":18,"averageReturn":4.3,"sample":20},{"week":19,"averageReturn":4.3,"sample":20},{"week":20,"averageReturn":5.1,"sample":20},{"week":21,"averageReturn":5.6,"sample":20},{"week":22,"averageReturn":6.9,"sample":20},{"week":23,"averageReturn":6.8,"sample":20},{"week":24,"averageReturn":7.4,"sample":20},{"week":25,"averageReturn":5.5,"sample":20},{"week":26,"averageReturn":8.6,"sample":19}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":20,"completedEpisodes":17,"activeEpisodes":3,"medianExpectedMove":2.5,"averageExpectedMove":4.1,"averageWeeksToLargestMove":4.6,"horizons":[{"weeks":4,"sample":20,"expectedCount":7,"expectedPercent":35.0,"averageReturn":0.7,"medianReturn":2.4,"confidenceLow":18.1,"confidenceHigh":56.7,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":6,"expectedPercent":35.3,"averageReturn":2.9,"medianReturn":5.6,"confidenceLow":17.3,"confidenceHigh":58.7,"confidence":"Mixed historical record"},{"weeks":26,"sample":16,"expectedCount":5,"expectedPercent":31.2,"averageReturn":5.3,"medianReturn":5.1,"confidenceLow":14.2,"confidenceHigh":55.6,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.0,"sample":20},{"week":2,"averageReturn":1.1,"sample":20},{"week":3,"averageReturn":0.7,"sample":20},{"week":4,"averageReturn":0.7,"sample":20},{"week":5,"averageReturn":0.8,"sample":20},{"week":6,"averageReturn":1.2,"sample":19},{"week":7,"averageReturn":3.0,"sample":19},{"week":8,"averageReturn":2.9,"sample":19},{"week":9,"averageReturn":2.5,"sample":19},{"week":10,"averageReturn":3.9,"sample":18},{"week":11,"averageReturn":2.5,"sample":18},{"week":12,"averageReturn":2.9,"sample":17},{"week":13,"averageReturn":2.9,"sample":17},{"week":14,"averageReturn":4.3,"sample":17},{"week":15,"averageReturn":3.9,"sample":17},{"week":16,"averageReturn":4.4,"sample":17},{"week":17,"averageReturn":3.7,"sample":17},{"week":18,"averageReturn":4.6,"sample":17},{"week":19,"averageReturn":4.1,"sample":17},{"week":20,"averageReturn":3.6,"sample":17},{"week":21,"averageReturn":3.6,"sample":16},{"week":22,"averageReturn":3.3,"sample":16},{"week":23,"averageReturn":3.3,"sample":16},{"week":24,"averageReturn":3.8,"sample":16},{"week":25,"averageReturn":4.5,"sample":16},{"week":26,"averageReturn":5.3,"sample":16}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":21,"completedEpisodes":18,"activeEpisodes":3,"medianExpectedMove":3.0,"averageExpectedMove":5.1,"averageWeeksToLargestMove":4.8,"horizons":[{"weeks":4,"sample":21,"expectedCount":8,"expectedPercent":38.1,"averageReturn":0.1,"medianReturn":1.5,"confidenceLow":20.8,"confidenceHigh":59.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":18,"expectedCount":8,"expectedPercent":44.4,"averageReturn":1.2,"medianReturn":3.3,"confidenceLow":24.6,"confidenceHigh":66.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":17,"expectedCount":5,"expectedPercent":29.4,"averageReturn":2.6,"medianReturn":4.4,"confidenceLow":13.3,"confidenceHigh":53.1,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":21},{"week":2,"averageReturn":-1.0,"sample":21},{"week":3,"averageReturn":0.3,"sample":21},{"week":4,"averageReturn":0.1,"sample":21},{"week":5,"averageReturn":0.4,"sample":20},{"week":6,"averageReturn":1.1,"sample":20},{"week":7,"averageReturn":0.9,"sample":20},{"week":8,"averageReturn":0.7,"sample":19},{"week":9,"averageReturn":1.4,"sample":19},{"week":10,"averageReturn":0.4,"sample":19},{"week":11,"averageReturn":1.2,"sample":18},{"week":12,"averageReturn":1.2,"sample":18},{"week":13,"averageReturn":2.1,"sample":18},{"week":14,"averageReturn":1.6,"sample":17},{"week":15,"averageReturn":2.7,"sample":17},{"week":16,"averageReturn":2.8,"sample":17},{"week":17,"averageReturn":3.8,"sample":17},{"week":18,"averageReturn":3.0,"sample":17},{"week":19,"averageReturn":2.8,"sample":17},{"week":20,"averageReturn":2.2,"sample":17},{"week":21,"averageReturn":3.5,"sample":17},{"week":22,"averageReturn":3.7,"sample":17},{"week":23,"averageReturn":3.2,"sample":17},{"week":24,"averageReturn":2.8,"sample":17},{"week":25,"averageReturn":3.7,"sample":17},{"week":26,"averageReturn":2.6,"sample":17}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":21,"completedEpisodes":20,"activeEpisodes":1,"medianExpectedMove":7.7,"averageExpectedMove":8.4,"averageWeeksToLargestMove":7.6,"horizons":[{"weeks":4,"sample":20,"expectedCount":12,"expectedPercent":60.0,"averageReturn":2.1,"medianReturn":2.1,"confidenceLow":38.7,"confidenceHigh":78.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":14,"expectedPercent":70.0,"averageReturn":4.2,"medianReturn":4.7,"confidenceLow":48.1,"confidenceHigh":85.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":15,"expectedPercent":78.9,"averageReturn":8.1,"medianReturn":11.5,"confidenceLow":56.7,"confidenceHigh":91.5,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.2,"sample":20},{"week":2,"averageReturn":1.0,"sample":20},{"week":3,"averageReturn":1.8,"sample":20},{"week":4,"averageReturn":2.1,"sample":20},{"week":5,"averageReturn":2.9,"sample":20},{"week":6,"averageReturn":2.5,"sample":20},{"week":7,"averageReturn":3.5,"sample":20},{"week":8,"averageReturn":4.1,"sample":20},{"week":9,"averageReturn":4.1,"sample":20},{"week":10,"averageReturn":4.3,"sample":20},{"week":11,"averageReturn":4.5,"sample":20},{"week":12,"averageReturn":4.2,"sample":20},{"week":13,"averageReturn":4.9,"sample":20},{"week":14,"averageReturn":5.3,"sample":20},{"week":15,"averageReturn":5.3,"sample":20},{"week":16,"averageReturn":5.9,"sample":20},{"week":17,"averageReturn":6.3,"sample":20},{"week":18,"averageReturn":6.6,"sample":20},{"week":19,"averageReturn":7.4,"sample":20},{"week":20,"averageReturn":6.7,"sample":20},{"week":21,"averageReturn":7.7,"sample":20},{"week":22,"averageReturn":7.3,"sample":20},{"week":23,"averageReturn":8.0,"sample":20},{"week":24,"averageReturn":8.9,"sample":19},{"week":25,"averageReturn":9.2,"sample":19},{"week":26,"averageReturn":8.1,"sample":19}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"medianExpectedMove":17.1,"averageExpectedMove":14.0,"averageWeeksToLargestMove":8.7,"horizons":[{"weeks":4,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-5.6,"medianReturn":-5.3,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-9.8,"medianReturn":-15.7,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-15.7,"medianReturn":-15.7,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.9,"sample":3},{"week":2,"averageReturn":-3.1,"sample":3},{"week":3,"averageReturn":-4.1,"sample":3},{"week":4,"averageReturn":-5.6,"sample":3},{"week":5,"averageReturn":-6.3,"sample":3},{"week":6,"averageReturn":-7.3,"sample":3},{"week":7,"averageReturn":-10.5,"sample":3},{"week":8,"averageReturn":-10.1,"sample":3},{"week":9,"averageReturn":-6.7,"sample":3},{"week":10,"averageReturn":-11.0,"sample":3},{"week":11,"averageReturn":-11.0,"sample":3},{"week":12,"averageReturn":-9.8,"sample":3},{"week":13,"averageReturn":-13.1,"sample":3},{"week":14,"averageReturn":-11.4,"sample":3},{"week":15,"averageReturn":-12.7,"sample":3},{"week":16,"averageReturn":-14.2,"sample":3},{"week":17,"averageReturn":-13.0,"sample":3},{"week":18,"averageReturn":-12.5,"sample":3},{"week":19,"averageReturn":-17.1,"sample":3},{"week":20,"averageReturn":-15.1,"sample":3},{"week":21,"averageReturn":-14.9,"sample":3},{"week":22,"averageReturn":-16.4,"sample":3},{"week":23,"averageReturn":-14.5,"sample":3},{"week":24,"averageReturn":-17.0,"sample":3},{"week":25,"averageReturn":-16.2,"sample":2},{"week":26,"averageReturn":-15.7,"sample":2}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is positive while price remains rotational","use":"Treat the improvement as context until price establishes a clear response.","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":"positive","direction":"weakening","zone":"middle","zoneContext":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":70.0,"averageReturn":4.2,"sample":20},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"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 downward while Market Dynamics is positive","detail":"The positive Market Dynamics reading has not yet reversed the downward price structure."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 70.0% of comparable cases moved higher after 12 weeks, with an average move of 4.2% across 20 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 4 cases. Distinct visits lasted 3.8 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 8.4% across 20 completed cases, with the largest move arriving after 7.6 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":[],"distribution_rollovers":[{"date":"2026-03-06","price":3161.54248}],"price_pressure_gaps":[{"date":"2025-12-05","price":3249.128906},{"date":"2026-02-06","price":3340.104736},{"date":"2026-02-27","price":3324.518799}]}},"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":[2140.7256,2177.6865,2226.6345,2241.6184,2167.6973,2179.6843,2148.717,2263.5952,2305.5508,2286.5708,2358.4944,2364.4878,2368.4836,2529.313,2566.802,2570.7988,2613.7622,2570.7988,2561.8064,2601.7725,2606.7681,2599.7739,2626.751,2718.6724,2825.5808,2789.6113,2682.2275,2793.1543,2778.1643,2783.1609,2732.1948,2824.134,2823.1348,2894.0876,2969.0381,3001.0168,3071.9702,3016.0071,2702.2146,2814.542,2808.5452,2874.5107,2907.4937,2951.4707,2822.5378,2847.5247,2913.4905,2926.4841,2895.5,2948.4727,3009.4407,3048.4209,3121.7812,3120.7815,3142.7729,3188.7551,3081.7969,3173.761,3038.8135,3141.7734,3004.8269,3004.8269,3023.8196,3169.7625,3149.7703,3222.7417,3207.1404,3249.1289,3178.1482,3175.1489,3125.1624,3124.1626,3010.1931,3043.1843,3023.1895,3065.1785,3340.1047,3287.1189,3229.5325,3324.5188,3161.5425,3200.5369,3058.5574,3074.5549,3076.5547,3083.5537,2776.0981,2768.5994,2816.0923,2745.1028,2816.5923,2795.0,2696.0,2761.0,2797.0,2732.0,2780.0,2792.0,2713.0,2870.0,2823.0,2825.0,2791.0,2609.0],"consensus":[8.6873,51.0662,59.3177,37.0822,-16.844,16.0989,-23.5189,58.1891,53.7265,21.8658,62.1428,30.6769,38.1781,80.7701,53.2868,41.8848,64.7627,13.8013,18.0915,54.8969,23.9352,28.5081,41.5591,69.2414,76.6352,15.6209,-13.5498,59.9522,9.0917,26.6212,0.0,47.9165,11.2965,54.2923,56.4408,39.7565,60.2238,0.0,-62.2335,12.5607,-16.9523,11.1028,27.5911,35.592,-37.2744,0.0,26.419,8.6553,0.0,33.2135,41.7038,40.1987,53.715,28.6947,46.3825,49.6914,-24.4054,51.4156,-44.0913,36.5185,-42.9208,-15.1403,0.0,50.3148,10.6008,47.7697,19.0774,30.7998,-12.5187,0.0,-18.1915,-10.7511,-50.4853,-11.8178,-28.1196,8.4651,65.7714,18.4055,0.0,55.4331,-43.3155,14.6561,-54.2765,-10.2378,-14.7155,-18.8137,-71.1821,-37.9565,-13.1857,-56.7458,0.0,-23.0465,-55.152,0.0,0.0,-38.8716,-8.6757,-11.6443,-34.8613,43.474,0.0,0.0,0.0,-65.8088],"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":[55.3664,23.392,51.8065,52.1821,-21.8667,58.8895,-39.2482,46.4884,-41.2063,-5.4829,0.0,55.2911,1.9279,44.2025,13.6032,29.1145,-19.5326,0.0,-18.1993,-3.9922,-47.7155,-4.133,-26.307,17.5631,65.1194,13.8634,0.0,54.5105,-35.3536,23.2636,-48.0897,-3.5633,-9.4049,-14.5467,-64.1915,-31.3879,-0.8201,-58.3547,0.0,-23.9993,-60.6872,0.0,0.0,-47.2948,-20.8407,-19.9326,-39.1085,38.557,0.0,0.0,0.0,-63.2099],"force":[50.7584,5.0193,31.4384,40.3739,-74.3019,57.2944,-87.2246,55.1216,-67.5633,-4.8824,0.0,75.2241,8.2208,56.2917,2.1481,23.0395,-39.8169,0.0,-21.9882,-8.4973,-64.7874,-8.0062,-21.5841,34.201,86.5181,12.447,0.0,67.1847,-86.7936,31.3656,-83.8885,-8.2877,-2.8909,-11.2911,-95.9118,-14.3057,-29.3962,-47.5829,0.0,-17.5639,-55.7213,0.0,0.0,-31.0093,-5.7875,-5.5381,-27.8487,75.0389,0.0,0.0,0.0,-92.2622],"direction":[53.9395,51.6658,50.8581,53.5002,-8.3336,38.675,-18.8169,11.8364,-27.2784,-33.5043,0.0,26.8353,33.9566,45.7594,40.4947,38.269,-14.9959,0.0,-15.4706,-20.0854,-43.435,-34.7603,-34.8594,20.3155,51.6976,45.6338,0.0,48.0936,-21.3591,7.1163,-40.1957,-39.2428,-29.2309,-29.0636,-61.5073,-62.3568,-57.7336,-61.452,0.0,-25.8736,-48.4196,0.0,0.0,-34.861,-5.1037,-6.5336,-35.0164,26.5469,0.0,0.0,0.0,-49.8838],"intensity":[67.3077,3.8462,3.8462,51.9231,73.0769,71.1538,86.5385,71.1538,86.5385,76.9231,19.2308,88.4615,73.0769,50.0,11.5385,44.2308,50.0,98.0769,100.0,1.9231,76.9231,23.0769,3.8462,13.4615,94.2308,86.5385,28.8462,65.3846,86.5385,75.0,78.8462,90.3846,17.3077,46.1538,96.1538,96.1538,17.3077,44.2308,46.1538,92.3077,96.1538,51.9231,50.0,28.8462,26.9231,1.9231,57.6923,82.6923,75.0,26.9231,61.5385,84.6154],"confirmation":[85.0735,53.8749,82.3043,83.5793,33.8136,84.5183,83.4976,80.101,82.5118,27.3461,2.6619,84.7841,4.7046,83.6004,51.3329,77.6451,30.5968,25.246,73.9369,48.808,84.6334,5.0026,76.8267,30.3552,89.6891,30.3407,7.6021,86.1108,83.3073,51.9195,86.3652,5.45,49.7628,73.8562,91.6385,79.5254,9.3813,85.8549,7.6526,75.1933,85.5817,29.7171,3.6345,80.0709,26.0514,26.0805,78.8772,82.9486,49.1929,1.1251,47.9767,44.64],"persistence":[75.0,87.5,87.5,87.5,75.0,75.0,50.0,50.0,25.0,0.0,12.5,12.5,12.5,12.5,37.5,37.5,37.5,50.0,37.5,12.5,12.5,37.5,62.5,62.5,37.5,25.0,12.5,12.5,12.5,37.5,37.5,12.5,12.5,37.5,50.0,75.0,75.0,100.0,87.5,87.5,87.5,75.0,62.5,62.5,62.5,62.5,75.0,50.0,37.5,37.5,37.5,37.5],"assessmentRisk":[23.1234,35.5093,26.2628,24.7224,16.4493,13.5561,23.8278,47.8715,15.7015,41.0089,8.6521,9.4738,41.3456,25.481,39.0438,20.7439,21.7597,22.5508,29.3546,41.7351,23.826,42.6395,32.1851,40.6811,17.0498,40.3252,47.4472,21.8802,25.2213,41.6663,18.6122,43.8604,25.2081,30.9516,12.9924,30.0207,41.4327,21.486,17.3525,23.5511,13.7435,6.1792,6.4733,9.4214,39.2707,21.2227,17.2837,26.2774,29.6392,21.0238,42.5784,16.9294],"volumeParticipation":true,"latest":{"consensus":-65.8,"control":-63.2,"force":-92.3,"direction":-49.9,"confirmation":44.6,"persistence":37.5,"assessmentRisk":16.9,"intensity":84.6,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-65.8","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-63.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-92.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-49.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"36.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.4%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"16.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"2%","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":[2140.7256,2177.6865,2226.6345,2241.6184,2167.6973,2179.6843,2148.717,2263.5952,2305.5508,2286.5708,2358.4944,2364.4878,2368.4836,2529.313,2566.802,2570.7988,2613.7622,2570.7988,2561.8064,2601.7725,2606.7681,2599.7739,2626.751,2718.6724,2825.5808,2789.6113,2682.2275,2793.1543,2778.1643,2783.1609,2732.1948,2824.134,2823.1348,2894.0876,2969.0381,3001.0168,3071.9702,3016.0071,2702.2146,2814.542,2808.5452,2874.5107,2907.4937,2951.4707,2822.5378,2847.5247,2913.4905,2926.4841,2895.5,2948.4727,3009.4407,3048.4209,3121.7812,3120.7815,3142.7729,3188.7551,3081.7969,3173.761,3038.8135,3141.7734,3004.8269,3004.8269,3023.8196,3169.7625,3149.7703,3222.7417,3207.1404,3249.1289,3178.1482,3175.1489,3125.1624,3124.1626,3010.1931,3043.1843,3023.1895,3065.1785,3340.1047,3287.1189,3229.5325,3324.5188,3161.5425,3200.5369,3058.5574,3074.5549,3076.5547,3083.5537,2776.0981,2768.5994,2816.0923,2745.1028,2816.5923,2795.0,2696.0,2761.0,2797.0,2732.0,2780.0,2792.0,2713.0,2870.0,2823.0,2825.0,2791.0,2609.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[2090.9219,2106.6973,2128.504,2149.0703,2152.457,2157.4074,2155.8274,2175.4215,2199.0814,2214.9886,2241.0805,2263.5182,2282.6028,2327.4592,2370.9761,2407.3075,2444.8447,2467.7455,2484.8475,2506.1065,2524.4086,2538.1114,2554.2277,2584.1267,2628.0275,2657.4064,2661.9193,2685.7802,2702.5773,2717.2289,2719.95,2738.8925,2754.2093,2779.6417,2814.0774,2848.0664,2888.7762,2911.9091,2873.7828,2863.0118,2853.1087,2857.0,2866.1807,2881.688,2870.9334,2866.6773,2875.1887,2884.5152,2886.5124,2897.7779,2918.0802,2941.7785,2974.5063,3001.1018,3026.8602,3056.2956,3060.9322,3081.4465,3073.6951,3086.073,3071.3009,3059.2148,3052.7793,3074.0489,3087.8165,3112.3483,3129.5832,3151.3188,3156.1969,3159.6427,3153.3736,3148.0625,3122.9953,3108.4842,3092.9761,3087.922,3133.7734,3161.6544,3173.9959,3201.3637,3194.1234,3195.2895,3170.4291,3152.9975,3139.0988,3128.9997,3064.8358,3010.9746,2975.5414,2933.6435,2912.3615,2891.023,2855.5643,2838.3708,2830.8488,2812.8763,2806.8988,2804.1899,2787.6099,2802.59,2806.3009,2809.7007,2806.3006,2770.4277],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[1986.7858,2000.9266,2017.6457,2034.2363,2044.1223,2054.1639,2061.1678,2076.1625,2093.1542,2107.4814,2126.0749,2143.7351,2160.3832,2187.7113,2215.7921,2242.0889,2269.6202,2291.9298,2311.9206,2333.3911,2353.6413,2371.8733,2390.7532,2415.0435,2445.4536,2470.9468,2486.5972,2509.3052,2529.2206,2548.031,2561.6728,2581.1144,2599.0418,2620.8971,2646.6853,2672.9321,2702.4904,2725.7139,2723.9732,2730.682,2736.4497,2746.6764,2758.5888,2772.8763,2776.555,2781.812,2791.5659,2801.5599,2808.5184,2818.8854,2833.0006,2848.9577,2869.1668,2887.8049,2906.6915,2927.5851,2939.0082,2956.3973,2962.5022,2975.7815,2977.933,2979.9252,2983.1766,2996.9978,3008.3143,3024.1978,3037.7491,3053.4068,3062.6469,3070.9804,3074.9939,3078.636,3073.5662,3071.3157,3067.7508,3067.5602,3087.7487,3102.5169,3111.9254,3127.6731,3130.1819,3135.3934,3129.7019,3125.6169,3121.9827,3119.1361,3093.7259,3069.6424,3050.8609,3028.2122,3012.5366,2996.4228,2974.1693,2958.3789,2946.4249,2930.5416,2919.3904,2909.9541,2895.3649,2893.486,2888.2648,2883.5785,2876.7209,2856.8897],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[2251.4266,2254.4662,2268.045,2282.1555,2277.2409,2274.0204,2275.5394,2289.0532,2306.6025,2319.9087,2346.406,2371.7159,2390.3388,2448.5136,2507.9355,2556.596,2609.631,2644.0805,2669.6025,2699.5272,2722.7867,2742.04,2764.4314,2799.8256,2843.7249,2869.4467,2860.8265,2878.7756,2890.9718,2892.3128,2888.6221,2892.3056,2884.9845,2911.1329,2952.7154,2994.2478,3048.2569,3076.5592,3068.1027,3064.6452,3058.8523,3053.4455,3050.436,3059.5726,3059.5025,3060.4445,3057.3622,3062.6363,3063.5878,3068.7347,3075.3239,3093.9962,3125.4959,3153.2001,3179.4606,3210.9125,3212.3297,3236.2567,3226.2126,3239.3748,3232.9458,3231.0049,3231.1818,3249.185,3248.9056,3259.338,3269.8929,3285.5695,3278.2379,3273.8381,3270.4241,3269.4295,3273.8132,3274.3742,3274.096,3265.821,3307.346,3325.4304,3335.0043,3360.2129,3357.666,3355.8926,3353.0052,3352.5716,3352.5343,3345.8898,3382.1371,3396.8876,3402.7421,3411.8261,3411.8038,3410.2713,3422.6071,3423.5909,3421.8146,3418.4496,3365.0883,3315.0671,3273.0624,3195.2878,3150.6696,3086.2893,3052.1622,3017.5318],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[1725.6791,1769.1277,1801.0395,1830.1727,1869.4906,1904.1187,1921.1729,1940.6443,1959.7764,1976.6589,1986.2941,1994.0703,2010.1317,2001.2258,1990.2272,1989.5905,1983.6818,1992.3618,2010.6683,2024.9728,2048.3176,2071.2729,2088.8933,2101.2045,2123.0934,2158.3644,2220.3357,2255.3425,2290.4076,2338.7256,2379.7863,2422.0674,2474.8537,2485.1827,2483.8239,2485.3132,2477.1249,2493.3435,2515.8408,2540.5752,2566.5458,2599.4264,2630.5102,2644.6534,2644.4192,2649.2685,2675.4771,2683.536,2694.318,2705.7023,2726.8377,2730.5941,2728.9591,2723.9242,2715.0372,2702.3591,2701.9246,2693.773,2737.477,2757.038,2783.0951,2798.0676,2809.5233,2813.3493,2846.3519,2873.4412,2892.2513,2908.8392,2944.4356,2971.503,2986.4892,2995.058,2979.5155,2971.1948,2959.5146,2955.4319,2939.7377,2932.9891,2942.4871,2935.5531,2953.7715,2975.1159,2981.4771,2972.39,2965.1056,2957.8314,2878.4798,2815.6764,2773.6163,2721.5277,2690.693,2659.3092,2615.5541,2586.3519,2565.5093,2535.5564,2532.9072,2533.4165,2523.768,2556.0907,2566.8547,2593.6813,2601.0526,2589.1275],"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":[8.2729,9.3105,14.0843,13.1821,9.6914,8.7178,7.3747,13.0392,13.292,13.4879,17.6577,18.9749,18.866,23.3025,24.1411,23.3608,24.8144,25.2549,23.0622,23.1537,22.3957,17.9091,18.6785,19.7987,23.4358,20.7075,16.4256,18.3476,18.6264,18.6218,15.4569,18.3117,25.9706,29.2759,26.4692,24.5762,23.7104,20.9894,6.2342,9.5762,8.059,9.1782,9.6822,11.6627,5.996,6.1411,6.6684,6.0748,3.0959,5.1641,6.549,6.9306,6.8472,7.8446,7.9025,8.1187,4.797,6.6194,-0.4972,3.2063,-0.7912,-3.98,-4.2153,0.5625,-0.4172,3.3916,0.8574,2.5824,0.4432,-2.1863,-3.4786,-4.2755,-9.2485,-9.2017,-8.9227,-8.3079,-1.478,-3.7248,-7.4989,-6.6628,-5.7672,-4.3263,-5.3671,-5.2418,-9.1415,-9.9584,-18.971,-16.4943,-14.4964,-15.1537,-12.4363,-15.0678,-17.3182,-14.6796,-14.0972,-14.8327,-14.2301,-14.9141,-15.5342,-11.21,-13.4711,-14.1063,-14.9927,-18.9495],"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":"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":[87.4422,89.2181,93.4974,96.98,92.7064,89.258,83.0687,86.4369,91.4377,92.7996,98.5466,102.4043,104.5784,117.9197,130.0191,138.3358,146.7025,148.1585,146.8935,147.4166,146.545,143.6341,141.8687,146.2015,156.4584,159.8421,152.1053,153.1592,151.0437,148.0635,139.9756,139.378,137.2417,139.664,145.9492,151.7612,160.2454,160.6022,134.0196,120.626,108.2795,102.6345,99.6733,99.7256,88.3448,80.4147,78.5474,77.2259,72.8388,72.7973,76.7987,82.168,91.2905,97.3176,102.685,109.3881,104.861,107.4552,97.4982,96.7993,84.2241,73.4119,65.6193,70.4084,71.7633,77.8281,80.4483,84.9338,81.818,78.2051,70.4958,63.5725,48.3323,38.473,28.7149,24.092,42.127,51.5501,53.7516,62.4412,55.5367,52.6049,38.3825,28.0783,19.8448,13.7262,-15.7504,-39.2633,-53.449,-69.617,-75.7881,-81.4817,-92.9114,-95.6223,-93.7847,-96.4614,-93.6302,-89.3878,-91.3472,-79.3172,-72.7374,-66.5938,-63.7338,-75.2852],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[73.3162,76.4966,79.8967,83.3134,85.192,86.0052,85.4179,85.6217,86.7849,87.9878,90.0996,92.5605,94.9641,99.5552,105.648,112.1856,119.089,124.9029,129.301,132.9241,135.6483,137.2455,138.1701,139.7764,143.1128,146.4586,147.588,148.7022,149.1705,148.9491,147.1544,145.5991,143.9276,143.0749,143.6498,145.2721,148.2667,150.7338,147.391,142.038,135.2863,128.7559,122.9394,118.2966,112.3063,105.9279,100.4518,95.8067,91.2131,87.5299,85.3837,84.7406,86.0505,88.304,91.1802,94.8218,96.8296,98.9547,98.6634,98.2906,95.4773,91.0642,85.9753,82.8619,80.6422,80.0794,80.1531,81.1093,81.251,80.6418,78.6126,75.6046,70.1501,63.8147,56.7948,50.2542,48.6288,49.213,50.1208,52.5848,53.1752,53.0611,50.1254,45.716,40.5417,35.1786,24.9928,12.1416,-0.9765,-14.7046,-26.9213,-37.8334,-48.849,-58.2037,-65.3199,-71.5482,-75.9646,-78.6492,-81.1888,-80.8145,-79.1991,-76.678,-74.0892,-74.3284],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[14.126,12.7215,13.6007,13.6666,7.5144,3.2528,-2.3492,0.8152,4.6528,4.8118,8.447,9.8437,9.6143,18.3645,24.3711,26.1502,27.6136,23.2557,17.5925,14.4925,10.8967,6.3887,3.6986,6.4251,13.3456,13.3834,4.5173,4.457,1.8732,-0.8856,-7.1788,-6.2211,-6.6859,-3.4109,2.2994,6.4892,11.9787,9.8683,-13.3714,-21.412,-27.0068,-26.1214,-23.2661,-18.5711,-23.9615,-25.5133,-21.9044,-18.5807,-18.3743,-14.7326,-8.585,-2.5725,5.24,9.0137,11.5048,14.5664,8.0314,8.5005,-1.1652,-1.4913,-11.2532,-17.6523,-20.3559,-12.4535,-8.8789,-2.2512,0.2951,3.8245,0.5669,-2.4367,-8.1169,-12.0321,-21.8178,-25.3418,-28.0798,-26.1622,-6.5018,2.3371,3.6309,9.8563,2.3615,-0.4562,-11.7429,-17.6377,-20.697,-21.4525,-40.7432,-51.4049,-52.4725,-54.9124,-48.8668,-43.6483,-44.0624,-37.4187,-28.4648,-24.9132,-17.6656,-10.7385,-10.1584,1.4973,6.4617,10.0842,10.3554,-0.9568],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"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":[91.144,98.1499,98.2234,96.1074,83.5835,85.6144,80.3678,98.2589,93.8738,90.2195,96.3762,86.1414,85.9854,100.0,90.5136,90.7274,97.0047,90.0874,88.659,94.8438,93.4708,91.8915,95.6579,100.0,99.0178,86.4242,72.0588,86.6233,84.6452,85.3046,78.579,90.7115,83.3709,91.0191,97.6375,92.9332,97.5258,81.0511,41.231,45.4064,43.957,53.9661,58.9707,65.6434,46.0802,49.8715,59.8806,57.7531,47.8622,57.6422,68.8984,76.095,89.6391,89.4545,93.5147,96.005,77.4193,93.2828,69.4192,87.6263,63.4092,63.4092,66.7678,92.5758,83.5739,90.2056,85.5766,86.7884,71.4667,44.9719,38.9387,36.5207,19.8404,24.0998,21.5183,19.11,57.9313,50.2703,41.9442,55.6778,32.1139,37.7519,17.2238,19.5368,19.8259,20.8379,4.1594,6.3003,11.46,3.7476,12.6209,10.3045,0.0,6.9514,10.8014,5.5892,13.0414,14.9044,3.0907,32.7562,26.0333,26.3194,21.4741,2.2742],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-2.1359,-0.4462,-0.4466,-1.0146,-4.2788,-3.7494,-5.1169,-0.4394,-1.4517,-2.263,-0.84,-3.3878,-3.2245,0.0,-2.5217,-2.3699,-0.7383,-2.3699,-2.7114,-1.1936,-1.51,-1.7743,-0.9435,0.0,-0.2469,-3.6244,-7.3343,-3.502,-4.0199,-3.8473,-5.6081,-2.4318,-4.6253,-2.2282,-0.6022,-1.9269,-0.6143,-5.0943,-14.9686,-11.4339,-11.6226,-9.5469,-8.509,-7.1251,-11.1823,-10.396,-8.3203,-7.9114,-8.8864,-7.2195,-5.301,-4.0744,-1.7659,-1.7974,-1.1054,-0.7158,-4.0461,-1.1827,-5.3844,-2.1787,-6.4426,-6.4426,-5.8512,-1.3072,-2.7169,-1.5594,-2.1533,-2.0494,-4.5059,-12.556,-13.9327,-13.9602,-17.0989,-16.1904,-16.741,-15.5846,-8.0131,-9.4724,-11.0583,-8.4424,-12.9308,-11.8568,-15.767,-15.3264,-15.2713,-15.0786,-23.5459,-23.7525,-22.4445,-24.3996,-22.4307,-23.0254,-25.7518,-23.9617,-22.9703,-18.2062,-16.7691,-16.4098,-18.775,-14.0746,-15.4817,-15.4218,-16.425,-21.8749],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[28.9693,31.196,32.9847,33.8796,29.4647,30.1806,28.3311,33.1666,29.1544,27.1592,29.0799,27.8703,25.6956,34.2308,32.7718,31.149,31.7298,28.305,27.8562,28.569,28.1203,25.7395,26.5552,30.9839,33.2491,31.4772,25.647,30.721,30.0195,30.2533,27.8681,32.1709,32.1241,30.0342,33.4018,34.8386,32.2113,29.8027,14.0905,12.0291,11.5014,14.1203,15.4297,17.1756,12.0569,13.0489,15.6678,13.3071,9.8337,11.8431,14.1558,15.6344,18.4171,18.3792,19.2134,20.9576,16.9004,19.9342,14.8346,18.7254,13.5503,13.5503,14.268,19.7831,16.5626,17.081,15.0182,15.9348,13.4021,13.2951,11.5115,10.2957,5.3797,6.5347,5.8347,4.5605,13.631,11.8284,9.8693,13.1007,7.5563,8.8828,4.0527,4.5969,4.665,4.9031,1.3547,2.1394,3.8915,1.2726,4.3588,3.5588,0.0,2.411,3.7463,1.3353,3.1157,3.5608,0.7427,8.671,6.8913,6.9671,5.6797,0.6559],"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":"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":[113.9613,79.6236,68.4139,73.8028,149.7865,102.5355,152.5369,90.1729,115.4146,56.2175,93.1006,106.2989,93.7588,105.626,135.7439,186.6661,99.5227,123.94,19.4521,152.3982,184.178,111.4731,86.5461,65.6696,99.8553,88.5512,114.6056,67.7307,155.5179,83.8634,90.0726,78.4257,86.7024,156.8603,60.6862,88.8214,88.4484,109.934,135.1991,103.7624,85.269,64.6564,57.1039,151.182,101.2689,88.9098,59.4422,87.5201,71.1912,76.6144,55.4269,87.2262,80.6612,86.652,54.6003,67.5308,135.1119,72.2952,128.6212,93.6698,89.0887,141.0649,85.385,111.0457,77.9909,118.2775,159.0903,75.5646,71.5043,170.1367,24.2708,60.4336,101.8667,84.1357,54.4788,156.5821,84.7366,91.0213,211.9801,114.0655,144.3934,153.621,141.223,94.712,83.5465,76.5592,175.482,138.6233,158.5484,71.106,135.3362,71.4075,88.8923,10.0096,13.4853,30.9564,43.9844,6.7364,25.2496,112.155,109.4007,357.9517,139.8459,166.7167],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[131.5529,133.8334,135.0,135.0,131.4387,133.8545,130.2369,132.3197,134.9702,133.6925,135.0,135.0,135.0,135.0,135.0,135.0,135.0,132.8907,132.5662,135.0,135.0,133.1895,134.6117,135.0,135.0,133.6562,131.9351,132.9468,130.5539,131.8692,130.4469,131.6795,130.3094,132.8816,133.852,135.0,135.0,133.3922,131.2908,132.876,131.6329,132.5527,133.3514,135.0,133.5427,134.8228,135.0,135.0,134.0883,135.0,135.0,135.0,135.0,134.0664,134.6486,135.0,133.581,134.3172,133.041,133.9494,133.0947,133.0947,133.9471,135.0,134.2749,135.0,133.4731,134.185,133.517,131.8617,131.6303,131.0668,130.1141,130.8953,130.3913,131.9044,132.6974,131.8397,129.7551,130.8903,129.4072,131.0014,129.4886,130.5014,131.4024,132.2177,130.3161,128.7551,130.6367,129.8228,131.4676,130.5885,129.4875,129.6081,129.7684,129.4185,129.909,129.9815,129.733,130.8347,129.7837,133.6246,132.125,130.2666],"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":"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":[-0.8685,0.0,0.0,0.0,-3.2977,-2.7629,-4.1444,0.0,0.0,-0.8232,0.0,0.0,0.0,0.0,0.0,0.0,0.0,-1.6437,-1.9878,-0.4587,-0.2676,-0.5352,0.0,0.0,0.0,-1.273,-5.0734,-1.1476,-1.6781,-1.5013,-3.305,-0.0512,-0.0866,0.0,0.0,0.0,0.0,-1.8217,-12.0364,-8.3799,-8.5751,-6.4278,-5.3541,-3.9225,-8.1196,-7.3062,-5.1589,-4.7359,-5.7445,-4.0201,-2.0355,-0.7666,0.0,-0.032,0.0,0.0,-3.3542,-0.4702,-4.7022,-1.4734,-5.768,-5.768,-5.1724,-0.5956,-1.2226,0.0,-0.4841,0.0,-2.1846,-2.2769,-3.8154,-3.8461,-7.3538,-6.3385,-6.9538,-5.6615,0.0,-1.5864,-3.3104,-0.4666,-5.346,-4.1785,-8.4293,-7.9503,-7.8905,-7.6809,-16.8859,-17.1104,-15.6885,-17.8139,-15.6735,-16.32,-19.284,-17.3379,-16.2601,-18.2062,-16.7691,-16.4098,-18.775,-14.0746,-15.4817,-15.4218,-16.4397,-21.8887],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[26.6452,28.8318,31.4944,30.8741,26.5583,27.2582,25.4502,27.7619,27.4361,25.3834,26.4195,22.2752,22.4818,30.4619,29.3305,28.7221,29.2892,27.164,25.787,24.9309,24.6923,22.4275,23.6978,28.0266,31.9917,30.3115,24.8293,29.9917,29.2941,29.5266,27.1547,31.4335,24.7191,26.5689,29.8468,27.2429,29.9212,27.3392,6.8359,9.8655,9.6314,12.2064,13.4939,15.2105,8.5686,9.5297,12.0671,11.4108,7.9513,9.9263,12.1993,13.6526,15.5268,15.4898,16.3036,18.0053,14.0471,17.4504,12.4564,16.2666,11.1987,11.1987,11.9015,17.3024,12.1495,14.7477,13.6261,15.1137,12.599,12.4927,9.7501,7.8972,3.9611,5.1005,2.5341,2.0085,11.158,9.3946,7.4782,10.6393,5.2155,6.5132,1.7881,2.3205,2.3871,2.62,0.0,0.0,1.7154,0.0,2.6043,1.8177,0.0,2.411,3.7463,1.3353,3.1157,3.5608,0.6306,6.454,4.7107,4.7849,3.5237,0.0],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/501b79ef-72c8-41f3-a6b5-a1de00fb350a/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/501b79ef-72c8-41f3-a6b5-a1de00fb350a/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/501b79ef-72c8-41f3-a6b5-a1de00fb350a/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/501b79ef-72c8-41f3-a6b5-a1de00fb350a/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/501b79ef-72c8-41f3-a6b5-a1de00fb350a/technical-pack/data.json"},"source_fingerprint":"c015e2ef141d57303fd22c8ebbd30f782f5b15e1fc46a8ffc4844c6af7c92e79","content_hash":"6969d83b9ad8bb3fc61b8757e93c793c91115daa57b41664f2c3f730c65f3197","citation":"Sharemaestro, IMB Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/501b79ef-72c8-41f3-a6b5-a1de00fb350a/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."}