{"schema_version":"1.0","name":"TCS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"51d4a7f5-2d1f-4fa5-bab4-1059cae0220d","symbol":"TCS","name":"Tata Consultancy Services Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Technology","industry":"Information Technology Services"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Acceleration, deceleration and rollover, Strength versus the research benchmark, Drawdown and recovery pressure, Directional strength and control, Range pressure and compression."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[0.794336,0.818636,0.863609,0.876723,0.766611,0.60073,0.317097,-0.065476,-0.363645,-0.709447,-0.936596,-0.890076,-0.927443,-0.784878,-0.54507,-0.382258,-0.134379,-0.067604,-0.154134,-0.393112,-0.30322,-0.192496,-0.043613,0.106299,-0.108665,-0.420109,-0.650386,-0.841559,-0.986552,-1.080847,-1.132893,-1.161602,-1.166841,-1.019694,-1.077493,-1.018736,-1.05439,-1.079508,-0.733218,-0.530214,-0.192065,0.146372,0.268236,0.383472,0.45195,0.404004,0.42098,0.408991,0.277828,0.081005,-0.308743,-0.689437,-0.868207,-0.891537,-0.892003,-0.715735,-0.500861,-0.408742,-0.38223,-0.181887,-0.096962,0.129705,0.54395,0.55862,0.691563,0.842389,0.971014,1.274153,1.292075,1.261097,1.178811,1.074495,1.135441,1.247847,1.350885,1.194655,0.886754,0.369171,-0.23075,-0.568971,-0.870365,-1.02591,-1.043964,-1.127456,-1.119852,-0.935031,-0.817292,-0.751137,-0.624771,-0.646957,-0.616377,-0.402207,-0.230992,-0.244719,-0.260464,-0.373051,-0.575772,-0.608183,-0.653176,-0.332189,-0.052758,0.486671,1.029695,1.121013],"opens":[4129.897339,4193.419814,4274.691352,4161.658708,4228.917868,4016.864835,4004.627318,3992.483121,3867.400261,3869.905662,3810.301294,3714.176311,3865.785146,3945.19452,4007.936019,3998.57188,4148.82273,4175.55711,3933.06729,3887.135942,3844.528109,3975.160159,3953.702227,3911.931692,3922.422327,3852.804475,3677.807112,3569.709654,3323.520465,3439.391118,3327.335246,3433.19224,3407.156887,2956.359867,3160.825412,3137.651707,3275.837456,3290.14236,3342.593943,3385.508924,3357.852683,3290.142591,3271.279547,3309.765009,3285.711796,3309.668719,3288.886846,3142.352649,3079.645765,3002.413561,2905.003842,2931.359249,2941.109891,2980.498876,2983.105066,2944.488871,3025.583131,2987.932386,2815.124576,2801.608537,2922.284523,2892.969813,2971.459432,2952.466768,2900.23748,3009.735252,3060.123601,3040.646419,3142.489218,3111.578048,3207.412722,3178.34228,3140.066523,3103.729077,3145.352053,3132.525998,3155.21822,2919.514338,2663.880286,2650.067503,2557.324974,2496.154426,2377.759805,2333.361852,2343.326736,2440.90369,2456.590834,2552.490732,2364.834988,2460.636074,2339.281496,2233.712906,2325.0,2262.899902,2138.276031,2093.521414,2083.277344,2088.548539,2093.720078,2063.684994,2280.100098,2286.0,2383.899902,2452.699951],"highs":[4264.415363,4289.871692,4285.901206,4249.796092,4246.713331,4089.729168,4015.697142,4014.295722,3895.377974,3876.788541,3871.216343,3938.451856,3965.140379,3984.478067,4099.144156,4203.649842,4209.174869,4190.540046,3949.876666,3932.365503,4023.855087,4048.155332,3997.141759,3963.763449,3957.70761,3864.248449,3751.71611,3588.830677,3457.033663,3454.268378,3448.689091,3538.095328,3417.933341,3193.822325,3160.825412,3316.654355,3347.266795,3342.117073,3462.278833,3393.138314,3380.740631,3312.553792,3356.909981,3404.054904,3335.165466,3357.775714,3296.391593,3148.125495,3086.982946,3010.136811,2972.871709,2989.283575,3021.721568,3052.614466,3045.856744,3039.774424,3092.196139,2999.420626,2827.964526,2963.796941,2930.490476,3001.983322,2998.300873,2963.222838,3039.192885,3071.751518,3081.441765,3170.202861,3158.86534,3215.067769,3225.436345,3186.094334,3198.304018,3178.798369,3176.923969,3162.321913,3305.184834,2971.311899,2723.07757,2667.826704,2599.749924,2525.753095,2449.684607,2402.81995,2438.930441,2570.151192,2559.29834,2579.030815,2457.67627,2464.878598,2382.692877,2345.793423,2334.0,2271.800049,2156.177877,2126.341464,2083.277344,2105.058115,2121.666943,2275.0,2283.399902,2495.0,2473.699951,2472.899902],"lows":[4101.265593,4163.806648,4144.564399,4138.77192,3949.13889,3960.815102,3932.790951,3841.664446,3799.393616,3741.192672,3708.277123,3664.498467,3854.782411,3736.55708,3928.947204,3961.161171,4115.063302,3888.540162,3853.330069,3775.746853,3756.550333,3910.072121,3843.268137,3841.646603,3813.417928,3719.291554,3577.481466,3296.818114,3303.780097,3322.662316,3302.301833,3401.339939,3142.801066,2914.44636,3068.892337,3131.929719,3210.034572,3240.647735,3339.923636,3291.382469,3293.098829,3231.54304,3262.523969,3281.766542,3242.415447,3261.754293,3137.637898,3076.749489,3017.473705,2896.218771,2888.109234,2914.657818,2899.500791,2970.651779,2923.829445,2911.665061,2988.897694,2791.278867,2767.433765,2795.430033,2851.884214,2886.186765,2931.34267,2868.744987,2899.268473,2982.603086,3018.456342,3023.688797,3055.375623,3092.19782,3170.39672,3099.077606,3083.379676,3075.918627,3040.769942,3050.636219,2876.990663,2550.418705,2612.082656,2527.035755,2512.335049,2364.933772,2318.75972,2316.589272,2314.813207,2415.251507,2436.957147,2356.843465,2364.834988,2343.32679,2176.883515,2222.070714,2235.0,2192.0,2126.341467,2048.667247,2083.277344,2073.630336,2053.34162,2053.839076,2193.600098,2272.399902,2368.5,2300.100098],"closes":[4169.972168,4253.906738,4163.293457,4224.807617,4002.759277,4024.992432,3972.258789,3875.994629,3860.962158,3799.626221,3730.938232,3883.389893,3882.360107,3974.785889,3999.367188,4162.915039,4189.509766,3905.208496,3900.105469,3839.283691,3994.497803,3933.198486,3959.94873,3921.849609,3842.695557,3752.526855,3610.57373,3321.851807,3443.873047,3348.363525,3412.306885,3439.057129,3146.520264,3081.766846,3146.043701,3288.235107,3272.022705,3280.892334,3396.2854,3351.749268,3302.921387,3256.077637,3315.249268,3305.627686,3310.823486,3290.329834,3142.352295,3079.549072,3027.320801,2899.11499,2931.359131,2917.74707,2948.350586,2977.988525,2942.8479,3025.003662,3059.565186,2798.809082,2801.512207,2923.539551,2870.391846,2968.261719,2963.2229,2899.074951,3009.735352,3052.952881,3040.258789,3137.837891,3120.686523,3180.280518,3178.342529,3149.950439,3108.380127,3163.801758,3120.193115,3082.109375,2902.248291,2656.18457,2650.264893,2602.117676,2523.385498,2378.253174,2358.619385,2357.830078,2417.915283,2490.530762,2546.965576,2364.834961,2440.804932,2362.368408,2233.712891,2286.300049,2258.899902,2198.899902,2149.61377,2113.412354,2083.277344,2082.083984,2057.717529,2269.0,2254.300049,2365.600098,2452.699951,2361.0],"pressureRange":[-1.645527,1.645527],"priceRange":[2057.717529,4253.906738],"zones":{"accumulationBoundary":0.06,"distributionBoundary":0.94},"latest":1.121013,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","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 has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and 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":"31 Jul 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.35,"forwardCorrelation":-0.2,"directionalAgreement":49.0,"sample":255,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":5.0,"medianWeeksInZone":5,"averageWeeksToHigher":5.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-4.3,"averageReturn":-4.3,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.7,"sample":1},{"week":2,"averageReturn":-3.1,"sample":1},{"week":3,"averageReturn":-3.1,"sample":1},{"week":4,"averageReturn":-4.3,"sample":1},{"week":5,"averageReturn":5.6,"sample":1},{"week":6,"averageReturn":4.9,"sample":1},{"week":7,"averageReturn":10.0,"sample":1},{"week":8,"averageReturn":14.1,"sample":1},{"week":9,"averageReturn":9.8,"sample":1},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"distribution":{"label":"Distribution","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":3.5,"medianWeeksInZone":3.5,"averageWeeksToLower":3.5,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"medianReturn":-2.7,"averageReturn":-2.7,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-13.0,"averageReturn":-13.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-15.4,"averageReturn":-15.4,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.9,"sample":2},{"week":2,"averageReturn":-1.5,"sample":2},{"week":3,"averageReturn":-2.7,"sample":2},{"week":4,"averageReturn":-2.7,"sample":2},{"week":5,"averageReturn":-3.5,"sample":2},{"week":6,"averageReturn":-4.0,"sample":2},{"week":7,"averageReturn":-4.3,"sample":2},{"week":8,"averageReturn":-5.9,"sample":2},{"week":9,"averageReturn":-7.0,"sample":2},{"week":10,"averageReturn":-8.9,"sample":2},{"week":11,"averageReturn":-11.4,"sample":2},{"week":12,"averageReturn":-13.0,"sample":2},{"week":13,"averageReturn":-11.6,"sample":2},{"week":14,"averageReturn":-11.6,"sample":2},{"week":15,"averageReturn":-10.5,"sample":2},{"week":16,"averageReturn":-8.2,"sample":2},{"week":17,"averageReturn":-11.4,"sample":2},{"week":18,"averageReturn":-15.7,"sample":2},{"week":19,"averageReturn":-14.9,"sample":2},{"week":20,"averageReturn":-14.0,"sample":2},{"week":21,"averageReturn":-12.3,"sample":2},{"week":22,"averageReturn":-12.9,"sample":2},{"week":23,"averageReturn":-11.2,"sample":2},{"week":24,"averageReturn":-12.2,"sample":2},{"week":25,"averageReturn":-13.8,"sample":2},{"week":26,"averageReturn":-15.4,"sample":2}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":17,"completedEpisodes":16,"activeEpisodes":1,"medianExpectedMove":5.4,"averageExpectedMove":5.1,"averageWeeksToLargestMove":6.7,"horizons":[{"weeks":4,"sample":16,"expectedCount":8,"expectedPercent":50.0,"averageReturn":-2.3,"medianReturn":-0.1,"confidenceLow":28.0,"confidenceHigh":72.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":16,"expectedCount":7,"expectedPercent":43.8,"averageReturn":-1.2,"medianReturn":-2.1,"confidenceLow":23.1,"confidenceHigh":66.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":16,"expectedCount":9,"expectedPercent":56.2,"averageReturn":-1.7,"medianReturn":1.6,"confidenceLow":33.2,"confidenceHigh":76.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.0,"sample":17},{"week":2,"averageReturn":-1.5,"sample":17},{"week":3,"averageReturn":-1.5,"sample":16},{"week":4,"averageReturn":-2.3,"sample":16},{"week":5,"averageReturn":-2.6,"sample":16},{"week":6,"averageReturn":-3.3,"sample":16},{"week":7,"averageReturn":-3.1,"sample":16},{"week":8,"averageReturn":-2.5,"sample":16},{"week":9,"averageReturn":-2.9,"sample":16},{"week":10,"averageReturn":-3.1,"sample":16},{"week":11,"averageReturn":-2.2,"sample":16},{"week":12,"averageReturn":-1.2,"sample":16},{"week":13,"averageReturn":-1.8,"sample":16},{"week":14,"averageReturn":-1.9,"sample":16},{"week":15,"averageReturn":-1.9,"sample":16},{"week":16,"averageReturn":-3.0,"sample":16},{"week":17,"averageReturn":-2.9,"sample":16},{"week":18,"averageReturn":-3.9,"sample":16},{"week":19,"averageReturn":-3.9,"sample":16},{"week":20,"averageReturn":-3.7,"sample":16},{"week":21,"averageReturn":-2.5,"sample":16},{"week":22,"averageReturn":-2.9,"sample":16},{"week":23,"averageReturn":-2.7,"sample":16},{"week":24,"averageReturn":-1.4,"sample":16},{"week":25,"averageReturn":-0.9,"sample":16},{"week":26,"averageReturn":-1.7,"sample":16}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":20,"completedEpisodes":20,"activeEpisodes":0,"medianExpectedMove":4.2,"averageExpectedMove":6.7,"averageWeeksToLargestMove":5.5,"horizons":[{"weeks":4,"sample":20,"expectedCount":7,"expectedPercent":35.0,"averageReturn":0.4,"medianReturn":1.0,"confidenceLow":18.1,"confidenceHigh":56.7,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":8,"expectedPercent":40.0,"averageReturn":1.0,"medianReturn":1.0,"confidenceLow":21.9,"confidenceHigh":61.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":18,"expectedCount":11,"expectedPercent":61.1,"averageReturn":-1.3,"medianReturn":-1.4,"confidenceLow":38.6,"confidenceHigh":79.7,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.9,"sample":20},{"week":2,"averageReturn":-0.6,"sample":20},{"week":3,"averageReturn":-0.6,"sample":20},{"week":4,"averageReturn":0.4,"sample":20},{"week":5,"averageReturn":0.7,"sample":20},{"week":6,"averageReturn":1.8,"sample":20},{"week":7,"averageReturn":2.0,"sample":20},{"week":8,"averageReturn":1.9,"sample":20},{"week":9,"averageReturn":1.2,"sample":20},{"week":10,"averageReturn":1.8,"sample":20},{"week":11,"averageReturn":1.6,"sample":20},{"week":12,"averageReturn":1.0,"sample":20},{"week":13,"averageReturn":2.2,"sample":20},{"week":14,"averageReturn":1.8,"sample":20},{"week":15,"averageReturn":2.1,"sample":19},{"week":16,"averageReturn":1.4,"sample":19},{"week":17,"averageReturn":1.2,"sample":19},{"week":18,"averageReturn":1.2,"sample":19},{"week":19,"averageReturn":1.3,"sample":19},{"week":20,"averageReturn":0.0,"sample":19},{"week":21,"averageReturn":0.9,"sample":19},{"week":22,"averageReturn":0.1,"sample":19},{"week":23,"averageReturn":0.3,"sample":19},{"week":24,"averageReturn":-0.4,"sample":19},{"week":25,"averageReturn":-1.3,"sample":19},{"week":26,"averageReturn":-1.3,"sample":18}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":18,"completedEpisodes":17,"activeEpisodes":1,"medianExpectedMove":6.0,"averageExpectedMove":7.6,"averageWeeksToLargestMove":5.2,"horizons":[{"weeks":4,"sample":18,"expectedCount":9,"expectedPercent":50.0,"averageReturn":1.0,"medianReturn":0.4,"confidenceLow":29.0,"confidenceHigh":71.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":8,"expectedPercent":47.1,"averageReturn":-0.4,"medianReturn":1.0,"confidenceLow":26.2,"confidenceHigh":69.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":16,"expectedCount":8,"expectedPercent":50.0,"averageReturn":-2.2,"medianReturn":-0.5,"confidenceLow":28.0,"confidenceHigh":72.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.0,"sample":18},{"week":2,"averageReturn":-0.3,"sample":18},{"week":3,"averageReturn":0.6,"sample":18},{"week":4,"averageReturn":1.0,"sample":18},{"week":5,"averageReturn":0.5,"sample":17},{"week":6,"averageReturn":-0.1,"sample":17},{"week":7,"averageReturn":1.1,"sample":17},{"week":8,"averageReturn":0.7,"sample":17},{"week":9,"averageReturn":0.7,"sample":17},{"week":10,"averageReturn":0.6,"sample":17},{"week":11,"averageReturn":0.7,"sample":17},{"week":12,"averageReturn":-0.4,"sample":17},{"week":13,"averageReturn":-0.1,"sample":17},{"week":14,"averageReturn":0.9,"sample":17},{"week":15,"averageReturn":-0.1,"sample":17},{"week":16,"averageReturn":-0.2,"sample":17},{"week":17,"averageReturn":1.1,"sample":17},{"week":18,"averageReturn":-0.8,"sample":17},{"week":19,"averageReturn":-0.3,"sample":16},{"week":20,"averageReturn":-0.1,"sample":16},{"week":21,"averageReturn":-0.9,"sample":16},{"week":22,"averageReturn":-1.4,"sample":16},{"week":23,"averageReturn":-1.3,"sample":16},{"week":24,"averageReturn":-1.4,"sample":16},{"week":25,"averageReturn":-1.8,"sample":16},{"week":26,"averageReturn":-2.2,"sample":16}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":17,"completedEpisodes":17,"activeEpisodes":0,"medianExpectedMove":4.7,"averageExpectedMove":5.2,"averageWeeksToLargestMove":5.6,"horizons":[{"weeks":4,"sample":17,"expectedCount":4,"expectedPercent":23.5,"averageReturn":-2.6,"medianReturn":-3.1,"confidenceLow":9.6,"confidenceHigh":47.3,"confidence":"Historically adverse"},{"weeks":12,"sample":17,"expectedCount":8,"expectedPercent":47.1,"averageReturn":-1.1,"medianReturn":-1.3,"confidenceLow":26.2,"confidenceHigh":69.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":17,"expectedCount":10,"expectedPercent":58.8,"averageReturn":1.5,"medianReturn":1.1,"confidenceLow":36.0,"confidenceHigh":78.4,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.5,"sample":17},{"week":2,"averageReturn":-0.7,"sample":17},{"week":3,"averageReturn":-1.2,"sample":17},{"week":4,"averageReturn":-2.6,"sample":17},{"week":5,"averageReturn":-2.2,"sample":17},{"week":6,"averageReturn":-2.1,"sample":17},{"week":7,"averageReturn":-1.6,"sample":17},{"week":8,"averageReturn":-2.0,"sample":17},{"week":9,"averageReturn":-1.1,"sample":17},{"week":10,"averageReturn":-1.4,"sample":17},{"week":11,"averageReturn":-1.1,"sample":17},{"week":12,"averageReturn":-1.1,"sample":17},{"week":13,"averageReturn":-0.6,"sample":17},{"week":14,"averageReturn":-0.8,"sample":17},{"week":15,"averageReturn":-1.2,"sample":17},{"week":16,"averageReturn":-1.0,"sample":17},{"week":17,"averageReturn":-1.2,"sample":17},{"week":18,"averageReturn":-0.1,"sample":17},{"week":19,"averageReturn":-0.8,"sample":17},{"week":20,"averageReturn":-0.2,"sample":17},{"week":21,"averageReturn":-0.1,"sample":17},{"week":22,"averageReturn":0.5,"sample":17},{"week":23,"averageReturn":1.2,"sample":17},{"week":24,"averageReturn":0.9,"sample":17},{"week":25,"averageReturn":1.8,"sample":17},{"week":26,"averageReturn":1.5,"sample":17}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":16.2,"averageExpectedMove":16.2,"averageWeeksToLargestMove":10.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-6.6,"medianReturn":-6.6,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-13.4,"medianReturn":-13.4,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-21.8,"medianReturn":-21.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.7,"sample":2},{"week":2,"averageReturn":-3.4,"sample":2},{"week":3,"averageReturn":-6.1,"sample":2},{"week":4,"averageReturn":-6.6,"sample":2},{"week":5,"averageReturn":-5.3,"sample":2},{"week":6,"averageReturn":-7.2,"sample":2},{"week":7,"averageReturn":-7.1,"sample":2},{"week":8,"averageReturn":-8.2,"sample":2},{"week":9,"averageReturn":-10.0,"sample":2},{"week":10,"averageReturn":-9.3,"sample":2},{"week":11,"averageReturn":-11.0,"sample":2},{"week":12,"averageReturn":-13.4,"sample":2},{"week":13,"averageReturn":-11.6,"sample":2},{"week":14,"averageReturn":-10.9,"sample":2},{"week":15,"averageReturn":-9.8,"sample":2},{"week":16,"averageReturn":-12.8,"sample":2},{"week":17,"averageReturn":-16.4,"sample":2},{"week":18,"averageReturn":-17.9,"sample":2},{"week":19,"averageReturn":-15.3,"sample":2},{"week":20,"averageReturn":-14.3,"sample":2},{"week":21,"averageReturn":-14.2,"sample":2},{"week":22,"averageReturn":-14.5,"sample":2},{"week":23,"averageReturn":-14.0,"sample":2},{"week":24,"averageReturn":-15.6,"sample":2},{"week":25,"averageReturn":-17.9,"sample":2},{"week":26,"averageReturn":-21.8,"sample":2}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"caution","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":47.1,"averageReturn":-1.1,"sample":17},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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, 47.1% of comparable cases moved higher after 12 weeks, with an average move of -1.1% across 17 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 2 cases. Distinct visits lasted 3.5 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 5.2% across 17 completed cases, with the largest move arriving after 5.6 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":[{"date":"2026-07-31","price":2365.600098}],"distribution_rollovers":[{"date":"2024-09-20","price":4002.759277}],"price_pressure_gaps":[{"date":"2024-08-30","price":4253.906738},{"date":"2024-12-06","price":4162.915039}]}},"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":[4169.9722,4253.9067,4163.2935,4224.8076,4002.7593,4024.9924,3972.2588,3875.9946,3860.9622,3799.6262,3730.9382,3883.3899,3882.3601,3974.7859,3999.3672,4162.915,4189.5098,3905.2085,3900.1055,3839.2837,3994.4978,3933.1985,3959.9487,3921.8496,3842.6956,3752.5269,3610.5737,3321.8518,3443.873,3348.3635,3412.3069,3439.0571,3146.5203,3081.7668,3146.0437,3288.2351,3272.0227,3280.8923,3396.2854,3351.7493,3302.9214,3256.0776,3315.2493,3305.6277,3310.8235,3290.3298,3142.3523,3079.5491,3027.3208,2899.115,2931.3591,2917.7471,2948.3506,2977.9885,2942.8479,3025.0037,3059.5652,2798.8091,2801.5122,2923.5396,2870.3918,2968.2617,2963.2229,2899.075,3009.7354,3052.9529,3040.2588,3137.8379,3120.6865,3180.2805,3178.3425,3149.9504,3108.3801,3163.8018,3120.1931,3082.1094,2902.2483,2656.1846,2650.2649,2602.1177,2523.3855,2378.2532,2358.6194,2357.8301,2417.9153,2490.5308,2546.9656,2364.835,2440.8049,2362.3684,2233.7129,2286.3,2258.8999,2198.8999,2149.6138,2113.4124,2083.2773,2082.084,2057.7175,2269.0,2254.3,2365.6001,2452.7,2361.0],"consensus":[36.2509,55.0932,0.0,46.099,-41.462,0.0,-23.615,-47.3881,-23.9541,-42.4751,-51.4227,22.0142,-8.0757,31.3779,18.558,57.1505,42.0459,-48.4271,-17.6214,-34.8009,25.9684,-17.3914,10.4369,0.0,-37.9094,-47.1786,-61.6807,-80.6805,0.0,-60.3259,-16.2233,-16.9696,-78.9475,-41.3751,-22.3495,0.0,-13.221,0.0,26.0805,0.0,-23.0606,-26.9047,0.0,-13.332,0.0,-10.2687,-60.7363,-55.6875,-53.8675,-72.0497,-27.9218,-47.2227,-22.5025,-13.7031,-31.1479,24.9399,20.3627,-70.7564,-30.3777,15.6255,-41.7741,31.5054,0.0,-26.6824,43.6982,37.7203,12.2904,58.8369,24.6602,49.5766,21.1104,12.3793,0.0,35.647,0.0,-19.7485,-60.9082,-70.7879,-43.0738,-49.1982,-61.3635,-74.2655,-49.7065,-39.1296,-12.9184,0.0,17.3974,-56.9014,0.0,-51.8929,-61.5924,-14.3091,-44.1661,-51.4791,-29.4411,-30.6889,-38.4626,-38.1714,-46.9007,51.4026,11.3928,50.1449,58.5613,1.3648],"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":[-22.5937,-28.3472,-40.551,22.2025,14.7402,-72.0774,-28.1264,20.5716,-40.9204,26.2116,0.0,-32.5985,39.3411,36.9674,4.4935,53.3679,18.7373,47.9631,7.6953,11.1205,0.0,40.6824,0.0,-19.5932,-51.9612,-65.8616,-41.6819,-42.0734,-63.6754,-77.868,-47.7471,-33.0667,-2.24,0.0,14.6362,-65.1083,0.0,-54.964,-60.2609,-13.4381,-45.4234,-60.057,-25.9538,-21.4006,-37.126,-41.4551,-56.1011,44.3721,2.5911,36.6469,57.7338,12.4358],"force":[-7.6343,-10.1591,-24.4502,54.4486,31.9602,-95.4733,-7.3757,65.7543,-47.5213,54.0763,0.0,-33.8306,63.8479,37.5247,6.473,70.4164,1.4617,44.5741,3.7059,13.0352,0.0,43.1351,0.0,-34.2361,-94.1776,-91.4461,-17.5913,-39.1632,-49.6466,-74.2105,-24.5069,-8.2651,-30.7122,0.0,47.3953,-73.2536,0.0,-54.7462,-69.0178,-23.4286,-34.8094,-37.4446,-9.0476,-12.1443,-16.6397,-14.4201,-29.0153,95.7254,4.7309,71.4702,56.9352,38.2572],"direction":[-43.9246,-14.0115,-25.1857,6.9906,18.5044,-51.5918,-49.3805,25.8335,-38.6446,21.4334,0.0,-14.8153,34.285,38.7204,34.6035,56.816,47.9997,54.9938,54.168,31.9711,0.0,24.5436,0.0,-9.5778,-47.3695,-61.6621,-62.8664,-64.5088,-67.0905,-70.1877,-69.9456,-68.1047,-56.287,0.0,0.8741,-35.8419,0.0,-46.3449,-57.8103,-42.26,-49.4127,-51.7004,-47.9932,-54.5502,-55.5778,-51.3837,-49.1613,27.7783,26.2104,50.3388,60.6684,37.6397],"intensity":[7.6923,36.5385,13.4615,46.1538,40.3846,94.2308,84.6154,63.4615,19.2308,51.9231,13.4615,28.8462,57.6923,50.0,9.6154,57.6923,7.6923,28.8462,51.9231,46.1538,17.3077,26.9231,19.2308,15.3846,92.3077,100.0,92.3077,61.5385,57.6923,78.8462,50.0,25.0,38.4615,78.8462,32.6923,94.2308,76.9231,59.6154,88.4615,28.8462,5.7692,44.2308,73.0769,53.8462,19.2308,1.9231,3.8462,94.2308,82.6923,94.2308,65.3846,63.4615],"confirmation":[53.243,28.2686,77.6199,54.2551,74.9552,91.3752,54.3875,34.6303,81.5559,78.8503,25.7569,76.6661,82.6639,80.076,27.5275,87.264,52.6079,83.7366,29.6607,28.6535,28.7949,79.5585,26.5244,74.7634,88.6409,91.3568,81.0282,83.5462,87.244,91.7084,83.168,79.6732,9.5188,7.9708,52.0433,86.5817,7.9115,84.6459,87.9562,31.1068,81.8289,83.9149,76.8528,77.3968,79.6633,79.441,82.323,85.9068,26.2435,84.902,86.7027,32.0888],"persistence":[100.0,100.0,100.0,75.0,50.0,50.0,50.0,25.0,25.0,0.0,12.5,12.5,12.5,12.5,37.5,37.5,62.5,62.5,75.0,100.0,87.5,87.5,75.0,50.0,25.0,0.0,25.0,50.0,62.5,87.5,100.0,100.0,100.0,87.5,62.5,62.5,50.0,50.0,50.0,50.0,50.0,62.5,87.5,87.5,100.0,100.0,100.0,75.0,50.0,25.0,0.0,12.5],"assessmentRisk":[32.6698,50.236,25.1354,34.4705,36.839,12.7848,30.574,47.4906,27.3921,31.2427,43.333,0.3782,22.8182,16.2469,26.8685,19.7715,28.3224,18.2144,38.3935,3.4025,6.7157,32.1963,36.0873,32.2358,19.1991,14.6046,28.4605,25.3988,19.3096,12.7294,25.088,30.2378,35.8711,40.4471,39.6916,32.0066,7.7804,17.21,19.1502,28.9662,26.4933,22.1585,24.8384,33.4537,29.6552,26.6593,19.9182,20.8829,42.878,24.81,20.7105,41.4387],"volumeParticipation":true,"latest":{"consensus":1.4,"control":12.4,"force":38.3,"direction":37.6,"confirmation":32.1,"persistence":12.5,"assessmentRisk":41.4,"intensity":63.5,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+1.4","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+12.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+38.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+37.6","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"32/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"47.7","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.5%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"36.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"46%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[4169.9722,4253.9067,4163.2935,4224.8076,4002.7593,4024.9924,3972.2588,3875.9946,3860.9622,3799.6262,3730.9382,3883.3899,3882.3601,3974.7859,3999.3672,4162.915,4189.5098,3905.2085,3900.1055,3839.2837,3994.4978,3933.1985,3959.9487,3921.8496,3842.6956,3752.5269,3610.5737,3321.8518,3443.873,3348.3635,3412.3069,3439.0571,3146.5203,3081.7668,3146.0437,3288.2351,3272.0227,3280.8923,3396.2854,3351.7493,3302.9214,3256.0776,3315.2493,3305.6277,3310.8235,3290.3298,3142.3523,3079.5491,3027.3208,2899.115,2931.3591,2917.7471,2948.3506,2977.9885,2942.8479,3025.0037,3059.5652,2798.8091,2801.5122,2923.5396,2870.3918,2968.2617,2963.2229,2899.075,3009.7354,3052.9529,3040.2588,3137.8379,3120.6865,3180.2805,3178.3425,3149.9504,3108.3801,3163.8018,3120.1931,3082.1094,2902.2483,2656.1846,2650.2649,2602.1177,2523.3855,2378.2532,2358.6194,2357.8301,2417.9153,2490.5308,2546.9656,2364.835,2440.8049,2362.3684,2233.7129,2286.3,2258.8999,2198.8999,2149.6138,2113.4124,2083.2773,2082.084,2057.7175,2269.0,2254.3,2365.6001,2452.7,2361.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[3952.8806,4007.6126,4035.9182,4070.2618,4057.9886,4051.9893,4037.4928,4008.1295,3981.3718,3948.3272,3908.8019,3904.1815,3900.214,3913.7725,3929.3352,3971.8043,4011.3871,3992.0819,3975.3589,3950.618,3958.5961,3953.9784,3955.0639,3949.0249,3929.6923,3897.4804,3845.3156,3750.1403,3694.4554,3631.5296,3591.6709,3563.9229,3488.0316,3414.1652,3365.4159,3351.383,3336.9539,3326.7609,3339.4017,3341.6467,3334.6057,3320.3279,3319.4045,3316.8996,3315.7949,3311.1649,3280.4717,3243.9403,3204.5549,3149.0204,3109.4456,3074.5913,3051.6385,3038.2476,3020.9022,3021.6479,3028.542,2986.7723,2953.0887,2947.7161,2933.6572,2939.9489,2944.1805,2935.9795,2949.3897,2968.2193,2981.3174,3009.7757,3029.9413,3057.2757,3079.2879,3092.1356,3095.0891,3107.5823,3109.8752,3104.8269,3067.9944,2993.1199,2930.7826,2871.0254,2807.8181,2729.7154,2662.2434,2606.8955,2572.5355,2557.6255,2555.6874,2520.9869,2506.4084,2480.2193,2435.3999,2408.2909,2381.1289,2347.9963,2311.9268,2275.8332,2240.8231,2211.9614,2183.9171,2199.3867,2209.3709,2237.7762,2276.8533,2292.1527],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[3771.0419,3806.8096,3833.2158,3862.2226,3872.6328,3883.9187,3890.4624,3889.3907,3887.2849,3880.7916,3869.6914,3870.7061,3871.5693,3879.215,3888.1152,3908.4707,3929.2884,3927.5047,3925.4752,3919.0906,3924.6763,3925.3076,3927.8736,3927.4274,3921.151,3908.6603,3886.5798,3844.7481,3815.0536,3780.484,3753.2116,3729.9409,3686.7246,3641.9129,3605.1818,3581.7043,3558.7649,3538.1818,3527.6709,3514.6397,3498.9569,3480.9658,3468.6905,3456.6118,3445.8126,3434.2954,3412.67,3387.9944,3361.2778,3327.0435,3297.7336,3269.5864,3245.7912,3225.9539,3204.9831,3191.6513,3181.8672,3153.4925,3127.4199,3112.3176,3094.3972,3085.0538,3076.0293,3062.9216,3058.9819,3058.5353,3057.1815,3063.156,3067.4175,3075.7777,3083.3751,3088.3066,3089.7936,3095.2757,3097.1214,3096.0094,3081.6567,3050.1403,3020.5199,2989.5271,2954.9981,2912.2763,2871.2646,2833.2324,2802.4682,2779.3617,2762.1472,2732.7167,2711.0936,2685.2621,2651.814,2624.7389,2597.6397,2568.1034,2537.1042,2505.7196,2474.4276,2445.3651,2416.6505,2405.7134,2394.4976,2392.357,2396.8269,2394.173],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[4204.3323,4281.7888,4328.1372,4377.8022,4388.3085,4400.0743,4401.2731,4394.7276,4360.7333,4350.3738,4333.8738,4304.592,4283.2654,4273.3222,4274.7821,4290.9258,4303.9094,4302.8361,4303.0739,4291.7719,4271.6112,4227.7647,4201.4549,4153.228,4147.3186,4142.9225,4160.3508,4235.4309,4260.177,4292.9855,4310.2986,4312.8166,4344.6211,4358.9078,4346.1351,4281.4957,4198.3372,4160.9187,4116.7277,4078.0706,4001.8041,3929.1442,3835.1308,3733.1903,3634.6056,3542.8833,3487.4304,3495.6155,3487.7552,3510.0309,3504.1881,3485.8062,3493.2667,3497.4423,3502.2332,3488.8616,3475.426,3475.1058,3445.4282,3408.4774,3378.0641,3350.0376,3304.8506,3254.5914,3195.3042,3134.3128,3112.8006,3126.5786,3143.3362,3177.6947,3206.7504,3226.2231,3237.3398,3255.5951,3265.5672,3269.5542,3267.7691,3292.7029,3314.9356,3345.3323,3380.6061,3427.6076,3460.9497,3485.7701,3487.1054,3471.9747,3451.1486,3420.9856,3380.697,3324.9367,3266.5834,3196.6267,3124.0784,3023.6143,2915.7011,2793.194,2706.8703,2674.7785,2636.4842,2591.9553,2560.1524,2558.7178,2571.4513,2571.767],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[3287.0162,3264.7148,3280.6709,3299.9105,3334.0638,3364.5083,3403.2011,3438.5765,3516.5382,3543.9481,3576.3987,3638.8614,3684.5612,3718.0872,3726.6241,3724.8612,3720.9356,3712.4267,3707.1688,3689.8718,3692.4851,3704.2608,3710.2361,3728.1672,3718.0703,3695.2198,3641.623,3511.1286,3444.6735,3366.7388,3317.5625,3270.6112,3165.2228,3061.6342,2989.0746,2966.2459,2957.6558,2932.6426,2926.4516,2916.3553,2923.4642,2928.412,2957.9554,2998.2737,3043.6712,3089.1738,3097.8045,3065.3892,3031.5942,2964.3937,2922.1417,2888.3926,2861.1152,2846.5618,2821.4512,2808.4998,2800.6895,2752.8015,2723.0017,2717.1316,2704.2919,2703.5368,2713.5212,2723.1251,2752.3035,2789.5572,2800.86,2792.9109,2785.4899,2779.248,2774.8906,2778.6382,2783.5245,2783.8505,2791.6129,2793.3365,2779.3899,2740.1936,2702.8362,2640.2973,2570.3229,2464.3205,2370.5181,2291.5731,2231.0558,2189.9444,2161.4411,2114.3039,2086.6043,2060.5734,2024.4637,2008.0554,1995.6557,1999.6296,2010.4849,2036.1222,2040.5488,2015.2306,1994.2702,2005.4873,2010.3817,2010.5509,2007.2255,2007.2267],"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":"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":[148.9562,164.559,167.6797,173.1209,157.6978,145.5906,130.2392,109.0482,90.0038,69.1643,46.5696,40.4978,35.197,38.0159,41.7521,57.25,70.8614,58.0387,46.924,32.8293,33.794,29.2747,27.5343,22.8177,12.5481,-2.8339,-26.1769,-67.1992,-88.8395,-112.4007,-124.4786,-130.3888,-156.8696,-180.9946,-192.7058,-188.3422,-184.0705,-177.9184,-161.8657,-150.9969,-144.6558,-141.7761,-133.1839,-125.7019,-117.993,-112.2434,-118.2641,-126.6434,-135.9315,-151.8866,-160.084,-165.768,-165.8909,-161.7324,-159.4344,-149.2634,-136.8366,-146.3421,-151.9062,-144.7999,-141.822,-130.0653,-119.7739,-115.4632,-101.9424,-86.7399,-74.8533,-56.9032,-43.5596,-27.8548,-15.3876,-7.7094,-4.9221,1.739,3.4591,1.7294,-13.9934,-45.7813,-70.6369,-93.1465,-116.0014,-144.1632,-166.1506,-181.5467,-186.7471,-182.9007,-173.3009,-178.3336,-174.1841,-175.2051,-184.2715,-185.0798,-185.7897,-189.015,-193.3196,-197.3769,-200.7103,-201.1299,-201.1102,-181.9486,-166.0351,-142.7964,-116.0141,-101.0237],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[106.0426,117.7459,127.7327,136.8103,140.9878,141.9084,139.5745,133.4693,124.7762,113.6538,100.237,88.2891,77.6707,69.7397,64.1422,62.7638,64.3833,63.1144,59.8763,54.4669,50.3323,46.1208,42.4035,38.4864,33.2987,26.0722,15.6224,-0.9419,-18.5215,-37.2973,-54.7336,-69.8646,-87.2656,-106.0114,-123.3503,-136.3487,-145.893,-152.2981,-154.2116,-153.5687,-151.7861,-149.7841,-146.4641,-142.3116,-137.4479,-132.407,-129.5784,-128.9914,-130.3794,-134.6809,-139.7615,-144.9628,-149.1484,-151.6652,-153.2191,-152.4279,-149.3097,-148.7162,-149.3542,-148.4433,-147.119,-143.7083,-138.9214,-134.2298,-127.7723,-119.5658,-110.6233,-99.8793,-88.6154,-76.4632,-64.2481,-52.9404,-43.3367,-34.3216,-26.7654,-21.0665,-19.6518,-24.8777,-34.0296,-45.853,-59.8827,-76.7388,-94.6211,-112.0062,-126.9544,-138.1437,-145.1751,-151.8068,-156.2823,-160.0668,-164.9078,-168.9422,-172.3117,-175.6523,-179.1858,-182.824,-186.4013,-189.347,-191.6996,-189.7494,-185.0066,-176.5645,-164.4544,-151.7683],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[42.9135,46.8131,39.947,36.3106,16.71,3.6823,-9.3354,-24.421,-34.7724,-44.4895,-53.6674,-47.7914,-42.4737,-31.7239,-22.3901,-5.5137,6.4781,-5.0756,-12.9523,-21.6376,-16.5383,-16.8461,-14.8692,-15.6686,-20.7506,-28.9061,-41.7993,-66.2573,-70.318,-75.1034,-69.745,-60.5242,-69.604,-74.9832,-69.3555,-51.9936,-38.1774,-25.6203,-7.6541,2.5718,7.1303,8.008,13.2801,16.6097,19.4549,20.1636,11.3143,2.348,-5.552,-17.2057,-20.3225,-20.8052,-16.7425,-10.0672,-6.2154,3.1645,12.4731,2.374,-2.552,3.6434,5.2971,13.643,19.1475,18.7666,25.8299,32.8259,35.7701,42.9761,45.0558,48.6085,48.8605,45.2309,38.4146,36.0605,30.2246,22.7959,5.6585,-20.9036,-36.6074,-47.2936,-56.1187,-67.4244,-71.5295,-69.5405,-59.7927,-44.757,-28.1258,-26.5268,-17.9018,-15.1382,-19.3637,-16.1376,-13.4781,-13.3627,-14.1338,-14.5529,-14.309,-11.7829,-9.4106,7.8008,18.9715,33.7681,48.4404,50.7446],"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":"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":[3.348,3.591,2.8482,2.2521,-4.6114,-5.381,-2.1574,-4.2176,-4.064,-2.9073,-5.0727,-0.592,1.9583,2.6796,2.2769,3.9803,4.2152,1.9944,0.8544,-1.5301,4.8638,4.2609,5.3951,2.5465,0.4051,0.8613,-2.266,-7.1392,-5.3708,-7.0497,-8.9496,-8.7373,-13.9887,-15.1783,-16.8425,-13.5434,-14.809,-13.0901,-13.4248,-13.7606,-14.4716,-16.2715,-13.5757,-14.9725,-16.3513,-16.0357,-18.4714,-19.1091,-19.6227,-21.7403,-19.7861,-20.5215,-19.9483,-17.1747,-18.6752,-17.1434,-16.5219,-21.1323,-21.3296,-18.7396,-21.068,-18.1787,-17.6543,-18.181,-15.8592,-14.5839,-14.7825,-11.3803,-10.7665,-8.214,-7.9838,-9.2672,-7.5484,-5.2953,-3.5235,-5.0871,-11.2562,-17.3288,-17.1446,-16.7827,-16.2552,-16.0291,-16.0083,-14.3699,-11.3391,-13.3185,-12.0704,-16.2897,-13.4992,-16.3647,-18.585,-16.4015,-16.2778,-17.3691,-19.5112,-21.5706,-22.2601,-22.4105,-22.5781,-14.6255,-12.7402,-10.413,-7.4848,-9.8493],"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":[0.0,0.0,-2.1301,-0.6841,-5.9039,-5.3813,-6.6209,-8.8839,-9.2373,-10.6791,-12.2938,-8.71,-8.7342,-6.5615,-5.9837,-2.139,-1.5138,-8.1971,-8.3171,-9.7469,-6.0981,-7.5391,-6.9103,-7.8059,-9.6667,-11.7863,-15.1233,-21.9106,-19.0421,-21.2873,-19.7842,-19.1553,-26.0322,-27.5544,-26.0434,-22.7008,-23.0819,-22.8734,-20.1608,-21.2077,-22.3556,-23.4568,-22.0658,-22.292,-22.1698,-22.6516,-26.1302,-27.6066,-28.8343,-31.8482,-31.0902,-31.4102,-30.6908,-29.994,-30.8201,-28.8888,-28.0763,-34.2061,-34.1426,-31.274,-32.5234,-30.2227,-30.3411,-31.8491,-29.2477,-28.2318,-28.5302,-26.2363,-26.6395,-25.2386,-25.2842,-25.9516,-26.9288,-25.626,-26.6511,-27.5464,-31.7745,-37.5589,-37.6981,-38.8299,-40.6808,-44.0925,-44.554,-44.5726,-43.1601,-41.4531,-40.1264,-44.4079,-42.622,-44.4659,-47.4903,-46.2541,-46.8982,-48.3087,-49.4673,-50.3183,-51.0267,-51.0548,-51.6276,-46.6608,-47.0064,-44.3899,-42.3424,-44.4981],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[21.8831,24.3364,21.6879,23.4859,16.9957,17.6455,16.1042,13.2905,12.8511,11.0583,9.0507,13.5067,13.4766,16.178,12.6081,17.213,17.9618,7.3264,4.5342,2.904,7.0642,5.4212,6.1381,5.117,2.9954,0.5786,0.0,0.0,3.6733,0.7981,2.723,3.5283,0.0,0.0,2.0857,6.6997,6.1736,6.4614,10.2058,8.7606,7.1762,5.6562,7.5763,7.264,7.4326,6.7676,1.9659,0.0,0.0,0.0,1.1122,0.6427,1.6983,2.7206,1.5085,4.3423,5.5345,0.0,0.0966,4.4566,2.5576,6.0545,5.8744,3.5824,7.5363,9.0804,8.6269,12.1133,11.5005,13.6298,13.5605,12.5461,11.0608,13.041,11.4829,10.1222,3.6958,0.0,0.0,0.0,0.0,0.0,0.0,0.0,2.5483,5.6281,8.0216,0.2971,3.5191,0.1925,0.0,2.3542,1.1276,0.0,0.0,0.0,0.0,0.0,0.0,10.2678,9.5534,14.9623,19.1952,14.7388],"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":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[23.1068,24.134,24.9041,25.561,24.4915,23.4984,22.3457,20.9346,19.9323,19.411,19.1526,18.3033,17.2808,17.2032,16.1582,15.5762,15.0741,14.9763,15.09,15.6305,15.3893,14.9754,15.0142,15.0606,15.2908,16.0903,17.568,19.9781,22.2161,24.2943,26.2949,27.1954,28.9703,31.2001,33.2707,33.8376,34.1174,34.3772,33.6329,33.1685,32.7373,32.638,32.1427,31.2618,30.6755,29.9164,29.9318,30.2578,30.8481,31.9199,32.948,33.7123,34.0389,33.9779,34.1922,34.4616,34.045,34.7567,35.5266,34.753,34.0347,32.6518,31.3676,30.6351,29.1783,27.5123,25.8701,24.5242,23.2743,22.6121,22.0874,20.7922,19.4207,18.0637,17.1388,16.2799,17.1095,19.5649,21.8449,24.2737,26.5809,29.1915,31.7432,34.1189,35.8298,35.8247,35.82,36.2326,36.6157,37.0862,38.2798,39.3882,40.4175,41.5605,42.8877,44.3994,45.8032,46.7443,47.7064,46.3489,44.9829,41.9819,39.1953,36.7845],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[33.5195,32.7822,30.7293,29.1833,25.4828,24.0594,23.0671,21.2959,20.3599,19.0838,17.652,18.4761,18.7576,16.7578,20.4558,22.738,22.0561,19.3524,18.5688,17.3419,19.1703,19.081,17.863,16.9389,15.8927,14.8972,13.7751,12.0266,11.2738,10.6569,10.0014,13.2286,11.6453,10.3832,9.9991,15.5095,15.8899,15.212,19.0855,18.224,17.5128,16.8578,18.153,19.3502,18.465,18.7116,17.2236,16.585,15.9642,14.8362,14.1406,14.4748,15.3173,16.1802,15.0375,13.9257,16.1472,13.8159,13.3476,19.5531,18.6871,21.3225,20.4922,19.3474,22.2039,22.9648,22.6702,26.0338,24.3879,25.9849,25.7361,24.2956,22.5041,21.0105,19.1949,17.8335,13.794,11.1263,10.547,9.8466,9.4172,8.6864,8.1331,7.7815,9.12,15.0037,14.0721,12.5482,11.9652,11.2295,10.0974,9.4787,9.0034,8.6278,8.2892,7.8289,7.6916,8.8819,8.4975,16.4714,16.0855,25.8039,24.219,21.903],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[15.7782,14.9052,14.8244,14.341,20.6032,19.4524,19.9038,22.4286,23.3785,24.6034,24.2732,21.3701,20.316,23.2341,21.5366,19.3657,18.5828,25.4995,25.9437,27.5025,24.5243,23.1309,24.4257,23.2308,23.0043,25.6306,29.8021,37.374,35.0346,33.1176,31.936,30.0748,36.9204,41.7776,40.2324,37.251,35.1661,33.6657,31.1104,31.7948,30.554,32.2529,30.7133,28.9109,29.5291,28.0963,32.0794,34.0529,35.9703,39.9636,38.5384,36.898,34.3214,32.2522,32.6843,30.9697,29.1013,35.5347,35.6655,32.3783,30.9444,28.6563,27.5405,29.7033,27.2702,25.8209,24.8174,22.6156,21.1858,19.6013,18.9187,22.4472,21.7992,20.8337,21.2642,19.7561,24.4667,34.7409,32.932,34.7564,33.9547,38.4323,38.2307,36.6868,34.3829,31.7067,29.738,30.4222,29.0086,28.313,33.6117,31.5524,29.9701,30.9677,33.3037,35.7273,35.1007,34.4225,34.2179,29.7327,28.121,24.316,22.8225,24.4252],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[3.9704,3.8257,3.8723,3.731,4.1877,4.0959,4.0196,4.1433,4.0399,4.0668,4.1578,4.2132,4.1163,4.1789,4.1605,4.1277,3.9689,4.5061,4.3666,4.4103,4.4141,4.4135,4.3481,4.2991,4.3425,4.4051,4.5976,5.3149,5.0783,5.1308,4.9815,4.8737,5.6189,5.9747,5.6433,5.4149,5.3526,5.1777,5.026,4.9526,4.8563,4.7521,4.5511,4.5026,4.3745,4.2958,4.5377,4.465,4.3816,4.5716,4.4049,4.292,4.2402,4.1482,4.1941,4.0912,3.9973,4.7422,4.5536,4.4632,4.4168,4.2827,4.145,4.1668,4.0595,3.9247,3.8076,3.7592,3.7467,3.6899,3.5521,3.5254,3.5815,3.4997,3.6068,3.6494,4.6526,5.8523,5.7456,5.8204,5.8274,6.2244,6.2244,6.043,5.8385,5.7077,5.5256,6.1972,5.8472,5.9773,6.5282,6.309,6.2424,6.2139,6.1435,6.1436,5.8906,5.5808,5.4807,5.3115,5.2488,5.3714,5.1254,5.4669],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[24.49,26.9548,27.533,28.0785,27.3036,26.6741,25.5769,24.4125,21.4337,20.4305,19.1517,16.7617,15.028,13.8958,13.7015,14.1237,14.5292,14.7321,14.8786,15.0821,14.5434,13.1998,12.4175,10.7864,10.9149,11.4237,13.2973,18.7,21.1686,24.1849,26.0292,27.4864,31.4094,34.9644,37.0013,36.2941,34.6753,34.6307,33.7994,33.2183,31.1422,29.1863,25.8255,21.8353,17.6972,13.6823,11.8333,13.1146,13.9941,16.8552,18.1144,18.7447,19.8966,20.5195,21.5312,21.6078,21.5017,23.1957,23.4234,22.5723,22.155,21.3593,19.6508,17.7816,14.8968,11.6395,10.5498,11.2735,12.0714,13.3776,14.4395,14.9074,15.0748,15.6221,15.6493,15.7093,16.1524,18.3165,20.3431,23.5576,27.2322,32.6985,37.3982,41.3407,43.9319,45.2861,45.9577,47.2128,47.3394,46.9543,46.9518,45.6732,44.0813,40.7699,36.7512,31.3532,28.0709,28.1257,27.7369,25.5128,24.0572,23.9936,24.6458,24.6578],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]}]},"canonical_url":"https://sharemaestro.com/terminal/51d4a7f5-2d1f-4fa5-bab4-1059cae0220d/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/51d4a7f5-2d1f-4fa5-bab4-1059cae0220d/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/51d4a7f5-2d1f-4fa5-bab4-1059cae0220d/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/51d4a7f5-2d1f-4fa5-bab4-1059cae0220d/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/51d4a7f5-2d1f-4fa5-bab4-1059cae0220d/technical-pack/data.json"},"source_fingerprint":"037eee35fdb570ae4cc95866f72e13f806ab2a129fb8f0d6f1c8767efd2650cc","content_hash":"06943662d110f011d6ef64bd6a6108fa7971af7a5ef88691a065d5e0f898cc51","citation":"Sharemaestro, TCS Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/51d4a7f5-2d1f-4fa5-bab4-1059cae0220d/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."}