{"schema_version":"1.0","name":"ALM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"532ec0e0-28ab-4dc8-8c41-cae993bec9f4","symbol":"ALM","name":"Almonty Industries Inc. Common Shares","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Basic Materials","industry":"Other Industrial Metals & Mining"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Directional strength and control, Range pressure and compression, Activity pressure and cumulative balance."},{"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":57,"displayedObservations":57,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Negative pressure; price rotational","headline":"Market Dynamics is negative while price has no clear direction","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"The underlying condition is weak, but a negative price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[1.073636,1.647754,2.067396,2.075469,2.071661,2.070693,2.08849,1.983027,1.670849,1.151971,0.771996,0.848277,0.900007,0.997158,0.911937,0.433749,0.041416,-0.228156,-0.417686,-0.522649,-0.608085,-0.680904,-0.77277,-0.713921,-0.715944,-0.824226,-0.744153,-0.827128,-0.783659],"opens":[11.85,11.43,14.21,13.77,14.7,19.2,18.0,20.7,16.33,15.05,15.62,17.56,23.04,21.53,21.02,20.08,18.16,19.285,19.01,17.36,18.44,19.12,16.27,16.005,16.08,14.0,13.73,11.245,14.615],"highs":[12.98,14.14,14.915,15.22,18.51,20.88,22.55,21.5,17.52,15.64,18.35,24.41,23.96,21.765,21.55,22.3,19.09,20.95,21.24,17.91,19.17,19.64,17.398,16.88,16.26,15.28,13.8,14.22,15.47],"lows":[10.56,11.05,12.3,12.8,14.44,16.86,17.68,15.21,14.34,13.52,15.44,17.4,21.185,19.075,18.882,17.28,16.18,18.93,16.29,14.7,17.0,15.86,15.3,14.3,12.45,13.18,10.74,10.83,12.67],"closes":[11.29,14.1,13.84,14.74,18.39,18.72,19.675,16.2,14.91,15.36,17.88,23.42,21.92,20.6,19.68,17.45,18.66,19.66,16.31,17.68,18.81,16.28,15.71,16.61,13.77,13.34,11.06,14.18,15.09],"hoverRows":[[{"label":"Open","value":"11.8","className":"is-ohlc","compact":true},{"label":"High","value":"13.0","className":"is-ohlc","compact":true},{"label":"Low","value":"10.6","className":"is-ohlc","compact":true},{"label":"Close","value":"11.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.07","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.4","className":"is-ohlc","compact":true},{"label":"High","value":"14.1","className":"is-ohlc","compact":true},{"label":"Low","value":"11.1","className":"is-ohlc","compact":true},{"label":"Close","value":"14.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.65","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"14.2","className":"is-ohlc","compact":true},{"label":"High","value":"14.9","className":"is-ohlc","compact":true},{"label":"Low","value":"12.3","className":"is-ohlc","compact":true},{"label":"Close","value":"13.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"2.07","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.8","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"12.8","className":"is-ohlc","compact":true},{"label":"Close","value":"14.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"2.08","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.7","className":"is-ohlc","compact":true},{"label":"High","value":"18.5","className":"is-ohlc","compact":true},{"label":"Low","value":"14.4","className":"is-ohlc","compact":true},{"label":"Close","value":"18.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"2.07","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.2","className":"is-ohlc","compact":true},{"label":"High","value":"20.9","className":"is-ohlc","compact":true},{"label":"Low","value":"16.9","className":"is-ohlc","compact":true},{"label":"Close","value":"18.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"2.07","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.0","className":"is-ohlc","compact":true},{"label":"High","value":"22.6","className":"is-ohlc","compact":true},{"label":"Low","value":"17.7","className":"is-ohlc","compact":true},{"label":"Close","value":"19.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"2.09","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"20.7","className":"is-ohlc","compact":true},{"label":"High","value":"21.5","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"16.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.98","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.3","className":"is-ohlc","compact":true},{"label":"High","value":"17.5","className":"is-ohlc","compact":true},{"label":"Low","value":"14.3","className":"is-ohlc","compact":true},{"label":"Close","value":"14.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.67","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.1","className":"is-ohlc","compact":true},{"label":"High","value":"15.6","className":"is-ohlc","compact":true},{"label":"Low","value":"13.5","className":"is-ohlc","compact":true},{"label":"Close","value":"15.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.15","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.6","className":"is-ohlc","compact":true},{"label":"High","value":"18.4","className":"is-ohlc","compact":true},{"label":"Low","value":"15.4","className":"is-ohlc","compact":true},{"label":"Close","value":"17.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.77","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.6","className":"is-ohlc","compact":true},{"label":"High","value":"24.4","className":"is-ohlc","compact":true},{"label":"Low","value":"17.4","className":"is-ohlc","compact":true},{"label":"Close","value":"23.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.85","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"23.0","className":"is-ohlc","compact":true},{"label":"High","value":"24.0","className":"is-ohlc","compact":true},{"label":"Low","value":"21.2","className":"is-ohlc","compact":true},{"label":"Close","value":"21.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.90","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"21.5","className":"is-ohlc","compact":true},{"label":"High","value":"21.8","className":"is-ohlc","compact":true},{"label":"Low","value":"19.1","className":"is-ohlc","compact":true},{"label":"Close","value":"20.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.00","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"21.0","className":"is-ohlc","compact":true},{"label":"High","value":"21.6","className":"is-ohlc","compact":true},{"label":"Low","value":"18.9","className":"is-ohlc","compact":true},{"label":"Close","value":"19.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.91","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"20.1","className":"is-ohlc","compact":true},{"label":"High","value":"22.3","className":"is-ohlc","compact":true},{"label":"Low","value":"17.3","className":"is-ohlc","compact":true},{"label":"Close","value":"17.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.43","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.2","className":"is-ohlc","compact":true},{"label":"High","value":"19.1","className":"is-ohlc","compact":true},{"label":"Low","value":"16.2","className":"is-ohlc","compact":true},{"label":"Close","value":"18.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.04","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.3","className":"is-ohlc","compact":true},{"label":"High","value":"20.9","className":"is-ohlc","compact":true},{"label":"Low","value":"18.9","className":"is-ohlc","compact":true},{"label":"Close","value":"19.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.23","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.0","className":"is-ohlc","compact":true},{"label":"High","value":"21.2","className":"is-ohlc","compact":true},{"label":"Low","value":"16.3","className":"is-ohlc","compact":true},{"label":"Close","value":"16.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.42","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.4","className":"is-ohlc","compact":true},{"label":"High","value":"17.9","className":"is-ohlc","compact":true},{"label":"Low","value":"14.7","className":"is-ohlc","compact":true},{"label":"Close","value":"17.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.52","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.4","className":"is-ohlc","compact":true},{"label":"High","value":"19.2","className":"is-ohlc","compact":true},{"label":"Low","value":"17.0","className":"is-ohlc","compact":true},{"label":"Close","value":"18.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.61","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.1","className":"is-ohlc","compact":true},{"label":"High","value":"19.6","className":"is-ohlc","compact":true},{"label":"Low","value":"15.9","className":"is-ohlc","compact":true},{"label":"Close","value":"16.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.68","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.3","className":"is-ohlc","compact":true},{"label":"High","value":"17.4","className":"is-ohlc","compact":true},{"label":"Low","value":"15.3","className":"is-ohlc","compact":true},{"label":"Close","value":"15.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.77","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.0","className":"is-ohlc","compact":true},{"label":"High","value":"16.9","className":"is-ohlc","compact":true},{"label":"Low","value":"14.3","className":"is-ohlc","compact":true},{"label":"Close","value":"16.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.71","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"16.1","className":"is-ohlc","compact":true},{"label":"High","value":"16.3","className":"is-ohlc","compact":true},{"label":"Low","value":"12.4","className":"is-ohlc","compact":true},{"label":"Close","value":"13.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.72","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.0","className":"is-ohlc","compact":true},{"label":"High","value":"15.3","className":"is-ohlc","compact":true},{"label":"Low","value":"13.2","className":"is-ohlc","compact":true},{"label":"Close","value":"13.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.82","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.7","className":"is-ohlc","compact":true},{"label":"High","value":"13.8","className":"is-ohlc","compact":true},{"label":"Low","value":"10.7","className":"is-ohlc","compact":true},{"label":"Close","value":"11.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.74","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.2","className":"is-ohlc","compact":true},{"label":"High","value":"14.2","className":"is-ohlc","compact":true},{"label":"Low","value":"10.8","className":"is-ohlc","compact":true},{"label":"Close","value":"14.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.83","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.6","className":"is-ohlc","compact":true},{"label":"High","value":"15.5","className":"is-ohlc","compact":true},{"label":"Low","value":"12.7","className":"is-ohlc","compact":true},{"label":"Close","value":"15.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.78","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.380879,2.380879],"priceRange":[10.3184,24.1616],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.783659,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"strengthening","fourWeekDirection":"weakening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"Negative and weakening","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and weakening","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"6 Feb 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":29,"relationship":{"sameWeekCorrelation":0.2,"forwardCorrelation":0.48,"directionalAgreement":50.0,"sample":24,"correlationSample":28,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":1.5,"medianWeeksInZone":1.5,"averageWeeksToHigher":1.5,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":62.9,"averageReturn":62.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":94.2,"averageReturn":94.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":0,"expectedPercent":0.0,"medianReturn":-2.0,"averageReturn":-2.0,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":3.9,"sample":2},{"week":2,"averageReturn":14.4,"sample":2},{"week":3,"averageReturn":21.8,"sample":2},{"week":4,"averageReturn":62.9,"sample":1},{"week":5,"averageReturn":65.8,"sample":1},{"week":6,"averageReturn":74.3,"sample":1},{"week":7,"averageReturn":43.5,"sample":1},{"week":8,"averageReturn":32.1,"sample":1},{"week":9,"averageReturn":36.0,"sample":1},{"week":10,"averageReturn":58.4,"sample":1},{"week":11,"averageReturn":107.4,"sample":1},{"week":12,"averageReturn":94.2,"sample":1},{"week":13,"averageReturn":82.5,"sample":1},{"week":14,"averageReturn":74.3,"sample":1},{"week":15,"averageReturn":54.6,"sample":1},{"week":16,"averageReturn":65.3,"sample":1},{"week":17,"averageReturn":74.1,"sample":1},{"week":18,"averageReturn":44.5,"sample":1},{"week":19,"averageReturn":56.6,"sample":1},{"week":20,"averageReturn":66.6,"sample":1},{"week":21,"averageReturn":44.2,"sample":1},{"week":22,"averageReturn":39.1,"sample":1},{"week":23,"averageReturn":47.1,"sample":1},{"week":24,"averageReturn":22.0,"sample":1},{"week":25,"averageReturn":18.2,"sample":1},{"week":26,"averageReturn":-2.0,"sample":1}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-25.5,"averageReturn":-25.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-29.1,"averageReturn":-29.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-6.4,"sample":1},{"week":2,"averageReturn":-12.0,"sample":1},{"week":3,"averageReturn":-16.0,"sample":1},{"week":4,"averageReturn":-25.5,"sample":1},{"week":5,"averageReturn":-20.3,"sample":1},{"week":6,"averageReturn":-16.1,"sample":1},{"week":7,"averageReturn":-30.4,"sample":1},{"week":8,"averageReturn":-24.5,"sample":1},{"week":9,"averageReturn":-19.7,"sample":1},{"week":10,"averageReturn":-30.5,"sample":1},{"week":11,"averageReturn":-32.9,"sample":1},{"week":12,"averageReturn":-29.1,"sample":1},{"week":13,"averageReturn":-41.2,"sample":1},{"week":14,"averageReturn":-43.0,"sample":1},{"week":15,"averageReturn":-52.8,"sample":1},{"week":16,"averageReturn":-39.5,"sample":1},{"week":17,"averageReturn":-35.6,"sample":1},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":16.9,"averageExpectedMove":16.9,"averageWeeksToLargestMove":4.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-22.2,"medianReturn":-22.2,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-13.8,"medianReturn":-13.8,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.3,"sample":2},{"week":2,"averageReturn":-2.5,"sample":2},{"week":3,"averageReturn":-13.9,"sample":2},{"week":4,"averageReturn":-22.2,"sample":2},{"week":5,"averageReturn":-18.4,"sample":2},{"week":6,"averageReturn":-9.4,"sample":2},{"week":7,"averageReturn":-1.5,"sample":2},{"week":8,"averageReturn":-2.7,"sample":2},{"week":9,"averageReturn":-3.8,"sample":2},{"week":10,"averageReturn":-11.7,"sample":2},{"week":11,"averageReturn":-19.0,"sample":2},{"week":12,"averageReturn":-13.8,"sample":2},{"week":13,"averageReturn":-17.1,"sample":2},{"week":14,"averageReturn":-27.2,"sample":2},{"week":15,"averageReturn":-28.3,"sample":2},{"week":16,"averageReturn":-18.6,"sample":2},{"week":17,"averageReturn":-23.5,"sample":2},{"week":18,"averageReturn":-14.6,"sample":1},{"week":19,"averageReturn":-9.7,"sample":1},{"week":20,"averageReturn":-25.1,"sample":1},{"week":21,"averageReturn":-27.5,"sample":1},{"week":22,"averageReturn":-39.9,"sample":1},{"week":23,"averageReturn":-22.9,"sample":1},{"week":24,"averageReturn":-17.9,"sample":1},{"week":25,"sample":0},{"week":26,"sample":0}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-17.6,"medianReturn":-17.6,"confidenceLow":34.2,"confidenceHigh":100.0,"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":-10.3,"sample":2},{"week":2,"averageReturn":-4.0,"sample":2},{"week":3,"averageReturn":-9.9,"sample":2},{"week":4,"averageReturn":-17.6,"sample":2},{"week":5,"averageReturn":-26.1,"sample":2},{"week":6,"averageReturn":-14.2,"sample":2},{"week":7,"averageReturn":-18.6,"sample":2},{"week":8,"averageReturn":-32.1,"sample":1},{"week":9,"averageReturn":-43.7,"sample":1},{"week":10,"averageReturn":-27.9,"sample":1},{"week":11,"averageReturn":-23.2,"sample":1},{"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}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-6.1,"medianReturn":-6.1,"confidenceLow":20.7,"confidenceHigh":100.0,"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":6.4,"sample":1},{"week":2,"averageReturn":-7.9,"sample":1},{"week":3,"averageReturn":-11.1,"sample":1},{"week":4,"averageReturn":-6.1,"sample":1},{"week":5,"averageReturn":-22.1,"sample":1},{"week":6,"averageReturn":-24.5,"sample":1},{"week":7,"averageReturn":-37.4,"sample":1},{"week":8,"averageReturn":-19.8,"sample":1},{"week":9,"averageReturn":-14.6,"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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":34.9,"averageExpectedMove":34.9,"averageWeeksToLargestMove":2.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":24.2,"medianReturn":24.2,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":3.7,"medianReturn":3.7,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":5.0,"sample":2},{"week":2,"averageReturn":16.3,"sample":2},{"week":3,"averageReturn":25.3,"sample":2},{"week":4,"averageReturn":24.2,"sample":2},{"week":5,"averageReturn":23.0,"sample":2},{"week":6,"averageReturn":12.6,"sample":2},{"week":7,"averageReturn":3.5,"sample":2},{"week":8,"averageReturn":10.2,"sample":2},{"week":9,"averageReturn":5.4,"sample":2},{"week":10,"averageReturn":-7.1,"sample":2},{"week":11,"averageReturn":-9.0,"sample":2},{"week":12,"averageReturn":3.7,"sample":2},{"week":13,"averageReturn":-2.2,"sample":2},{"week":14,"averageReturn":5.4,"sample":1},{"week":15,"averageReturn":11.4,"sample":1},{"week":16,"averageReturn":-7.6,"sample":1},{"week":17,"averageReturn":-10.5,"sample":1},{"week":18,"averageReturn":-25.8,"sample":1},{"week":19,"averageReturn":-4.9,"sample":1},{"week":20,"averageReturn":1.2,"sample":1},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":32.9,"averageExpectedMove":32.9,"averageWeeksToLargestMove":11.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-25.5,"medianReturn":-25.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-29.1,"medianReturn":-29.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-6.4,"sample":1},{"week":2,"averageReturn":-12.0,"sample":1},{"week":3,"averageReturn":-16.0,"sample":1},{"week":4,"averageReturn":-25.5,"sample":1},{"week":5,"averageReturn":-20.3,"sample":1},{"week":6,"averageReturn":-16.1,"sample":1},{"week":7,"averageReturn":-30.4,"sample":1},{"week":8,"averageReturn":-24.5,"sample":1},{"week":9,"averageReturn":-19.7,"sample":1},{"week":10,"averageReturn":-30.5,"sample":1},{"week":11,"averageReturn":-32.9,"sample":1},{"week":12,"averageReturn":-29.1,"sample":1},{"week":13,"averageReturn":-41.2,"sample":1},{"week":14,"averageReturn":-43.0,"sample":1},{"week":15,"averageReturn":-52.8,"sample":1},{"week":16,"averageReturn":-39.5,"sample":1},{"week":17,"averageReturn":-35.6,"sample":1},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Negative pressure; price rotational","tone":"caution","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"The underlying condition is weak, but a negative price response is still required.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","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 1 cases. Distinct visits lasted 1.5 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-02-06","price":14.1}],"reversal_warnings":[{"date":"2026-04-17","price":23.42}],"reversal_dangers":[{"date":"2026-04-24","price":21.92}]}},"smTape":{"available":true,"dates":["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":[4.53,3.93,3.76,4.12,4.48,4.28,4.45,4.14,4.46,5.07,5.93,6.3,7.75,8.22,6.95,7.13,7.0,6.59,5.59,6.86,7.24,6.76,8.46,9.47,8.8,8.63,8.67,11.12,11.29,14.1,13.84,14.74,18.39,18.72,19.675,16.2,14.91,15.36,17.88,23.42,21.92,20.6,19.68,17.45,18.66,19.66,16.31,17.68,18.81,16.28,15.71,16.61,13.77,13.34,11.06,14.18,15.09],"consensus":[-70.1754,-93.4641,55.8442,0.0,0.0,0.0,20.9558,-16.7412,14.1454,52.4137,71.4526,58.5519,81.5662,51.7317,-9.1683,36.16,15.0201,-19.1167,-44.1192,40.1005,32.2747,-14.5394,63.5879,62.7991,12.0533,14.2478,11.403,73.629,32.707,83.1911,35.6017,60.1653,85.9267,44.6024,56.5541,-13.9119,-24.6343,11.3336,44.1687,76.2909,16.9814,19.5332,0.0,-37.6825,12.1164,13.4034,-50.6576,15.3245,19.777,-48.2685,-27.0434,0.0,-54.6514,-41.7715,-67.4957,16.8063,-13.9187],"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":[0.0,19.8977,-22.3045,16.3091,52.6541,65.7981,52.6752,76.813,31.8694,-21.2587,29.456,27.6734,-15.4695,-40.5899,48.906,36.9464,-13.9304,58.3898,68.4837,2.4593,4.3112,7.24,72.7621,21.4172,86.3305,30.9991,62.672,88.9395,34.8678,47.385,-22.9053,-16.3184,24.1729,58.8033,75.1904,6.8826,13.4379,0.0,-31.6209,24.6378,18.9149,-43.9425,17.9372,25.551,-41.623,-30.4264,0.0,-48.7254,-43.3598,-65.1837,27.5443,-14.2366],"force":[0.0,22.4933,-20.1973,22.8068,59.5331,85.1516,49.2447,91.6505,47.3325,-75.2626,29.6246,0.7504,-42.7035,-67.489,66.717,35.2433,-50.8459,88.006,59.852,24.7502,12.8621,5.9302,95.5167,12.3212,97.5241,1.1515,46.0674,97.8771,22.0561,51.5878,-77.0561,-66.3575,10.1508,55.0151,95.1786,27.1015,15.5584,0.0,-68.7449,20.4935,10.9958,-82.7625,38.72,29.6298,-75.9056,-20.3714,0.0,-67.0785,-27.789,-80.57,71.1452,-34.6516],"direction":[0.0,21.0669,-7.9145,5.486,47.0536,68.13,71.9162,79.7952,77.5737,-51.8595,48.4897,11.8238,-6.4371,-31.46,11.0253,24.8153,-10.698,52.0872,58.4075,49.306,44.968,28.5416,58.9857,60.171,69.3654,67.114,67.3705,73.9475,71.8321,70.5803,-41.4692,-4.336,2.495,19.696,64.0575,60.0106,51.5647,0.0,-22.4228,8.1774,8.8242,-35.3998,4.3725,6.1404,-36.1225,-27.9429,0.0,-52.5475,-49.9438,-60.7992,34.2791,-1.2538],"intensity":[20.0,16.6667,42.8571,50.0,66.6667,100.0,54.5455,100.0,100.0,85.7143,80.0,62.5,35.2941,77.7778,84.2105,30.0,61.9048,95.4545,91.3043,41.6667,24.0,46.1538,96.2963,92.8571,100.0,70.0,58.0645,100.0,87.8788,79.4118,97.1429,100.0,78.3784,89.4737,100.0,95.0,73.1707,45.2381,74.4186,88.6364,84.4444,89.1304,87.234,70.8333,75.5102,66.0,41.1765,84.6154,38.4615,71.1538,84.6154,53.8462],"confirmation":[25.2494,74.7688,50.7111,50.0909,84.9857,91.3685,86.5425,94.4809,84.7227,38.4939,79.4742,49.6264,52.2251,82.8842,81.5091,78.3472,30.7173,89.1715,87.9193,8.1617,6.6284,27.1159,92.2415,78.017,95.0101,55.9216,86.7851,95.8148,81.734,86.0857,37.7526,54.6146,49.2607,82.2415,93.0055,10.0261,31.2598,6.0902,81.0974,28.3529,72.1317,85.2912,51.8432,51.8743,84.3895,76.399,29.3204,85.9575,80.9166,90.0323,36.85,50.6818],"persistence":[16.6667,0.0,12.5,12.5,37.5,37.5,50.0,62.5,75.0,50.0,75.0,75.0,50.0,25.0,25.0,25.0,0.0,25.0,25.0,25.0,50.0,75.0,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,50.0,50.0,50.0,50.0,50.0,37.5,37.5,62.5,62.5,37.5,37.5,37.5,12.5,0.0,12.5,12.5,37.5,37.5,37.5,37.5],"assessmentRisk":[38.8904,37.7146,11.3412,10.0263,22.3599,14.1747,20.7212,9.2165,24.1337,50.9462,25.6936,49.3465,39.8312,25.8513,36.8384,0.8659,17.9496,18.0613,18.3234,40.7085,41.6704,6.5322,9.9503,33.0569,8.3962,32.1863,19.8059,7.0345,27.6067,21.7133,41.5787,35.7273,53.5628,59.9218,11.7101,41.2979,39.1027,29.745,30.4711,49.8014,26.6801,18.9769,2.922,6.5404,20.6997,0.9093,24.6721,22.4583,26.4754,15.8608,50.6262,22.851],"volumeParticipation":true,"latest":{"consensus":-13.9,"control":-14.2,"force":-34.7,"direction":-1.3,"confirmation":50.7,"persistence":37.5,"assessmentRisk":22.9,"intensity":53.8,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-13.9","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-14.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-34.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-1.3","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"51/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"49.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"20.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"31.0","detail":"Directional","tone":"positive"},{"label":"Range position","value":"32%","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":[4.53,3.93,3.76,4.12,4.48,4.28,4.45,4.14,4.46,5.07,5.93,6.3,7.75,8.22,6.95,7.13,7.0,6.59,5.59,6.86,7.24,6.76,8.46,9.47,8.8,8.63,8.67,11.12,11.29,14.1,13.84,14.74,18.39,18.72,19.675,16.2,14.91,15.36,17.88,23.42,21.92,20.6,19.68,17.45,18.66,19.66,16.31,17.68,18.81,16.28,15.71,16.61,13.77,13.34,11.06,14.18,15.09],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,4.3064,4.3016,4.3286,4.2943,4.3244,4.46,4.7273,5.0132,5.5108,6.0034,6.1755,6.3491,6.4674,6.4897,6.3261,6.4232,6.5717,6.6059,6.943,7.4025,7.6566,7.8336,7.9856,8.5555,9.0527,9.9704,10.674,11.4132,12.6817,13.7796,14.8515,15.0967,15.0627,15.1168,15.6192,17.0375,17.9252,18.4116,18.6422,18.4254,18.4681,18.6848,18.253,18.1488,18.269,17.9074,17.5079,17.3446,16.6947,16.0847,15.1712,14.9909,15.009],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,4.9099,5.1551,5.288,5.4245,5.5412,5.6189,5.6167,5.7088,5.8223,5.8917,6.082,6.3329,6.5157,6.6723,6.8203,7.1388,7.4463,7.9391,8.3762,8.8476,9.5545,10.2334,10.9328,11.3229,11.5886,11.868,12.3133,13.1361,13.7867,14.2914,14.6906,14.895,15.1739,15.5062,15.5657,15.7223,15.951,15.9754,15.9557,16.0042,15.8387,15.6536,15.3134,15.2294,15.2191],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,5.0172,5.6058,6.108,7.0576,7.8347,8.0216,8.2047,8.324,8.3557,8.2844,8.3449,8.5271,8.579,8.8614,9.3416,9.608,9.7599,9.874,10.4359,10.9305,12.2068,13.1646,14.1929,16.1058,17.7207,19.2846,19.9014,20.2337,20.5209,20.987,22.6283,23.622,24.0829,24.3936,24.4113,24.3658,24.2372,23.6228,23.315,22.9525,22.817,22.6481,22.5332,22.7094,22.8326,23.0676,23.1059,23.1018],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,3.6268,3.3306,3.1337,2.6655,2.3682,2.4277,2.4828,2.5583,2.6543,2.7346,2.8091,2.8979,3.129,3.3166,3.3714,3.537,3.8201,4.128,4.2641,4.4525,4.0792,3.9124,3.7281,2.8792,2.3143,2.0229,2.3131,2.7718,3.3616,4.1245,4.1392,4.6135,5.5366,6.3479,7.1282,8.1597,9.3913,10.7697,11.7335,12.848,13.2015,13.5574,13.8593,13.2211,12.5599,11.4634,11.2231,11.2452],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,-13.245,-16.9978,-9.0508,-1.1038,-5.5188,-1.766,-8.6093,-1.5453,0.0,0.0,0.0,0.0,0.0,-15.4501,-13.2603,-14.8418,-19.8297,-31.9951,-16.545,-11.9221,-17.7616,0.0,0.0,-7.075,-8.8701,-8.4477,0.0,0.0,0.0,-1.844,0.0,0.0,0.0,0.0,-17.662,-24.2186,-21.9314,-9.1233,0.0,-6.4048,-12.041,-15.9693,-25.491,-20.3245,-16.0547,-30.3587,-24.509,-19.684,-30.4868,-32.9206,-29.0777,-41.2041,-43.0401,-52.7754,-39.4535,-35.5679],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,10.1064,18.617,34.8404,57.7128,67.5532,106.117,118.617,84.8404,89.6277,86.1702,75.266,48.6702,82.4468,92.5532,79.7872,125.0,151.8617,134.0426,129.5213,130.5851,195.7447,174.0291,240.5797,234.2995,256.0386,344.2029,319.7309,288.0671,189.8032,166.7263,174.7764,219.8569,318.9624,292.1288,268.5152,252.0572,212.1646,176.0355,190.8284,141.2722,108.9835,117.9606,88.6443,82.0394,91.5802,23.8309,18.1577,0.0,28.2098,36.4376],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":[null,null,null,null,null,null,null,null,null,null,null,null,0.4494,0.6443,0.6884,0.7294,0.7429,0.7123,0.6004,0.6072,0.6359,0.6129,0.7235,0.8824,0.9435,0.967,0.9776,1.1702,1.3213,1.6488,1.8659,2.0865,2.5267,2.8691,3.1809,3.1117,2.9191,2.7709,2.8242,3.2757,3.4725,3.4817,3.3759,3.0767,2.9037,2.8148,2.4459,2.2383,2.1402,1.8372,1.5334,1.3497,0.9638,0.6162,0.155,0.0407,0.0233],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.6034,0.6252,0.6202,0.6176,0.6213,0.6196,0.6404,0.6888,0.7397,0.7852,0.8237,0.893,0.9786,1.1127,1.2633,1.4279,1.6477,1.892,2.1498,2.3422,2.4575,2.5202,2.581,2.7199,2.8704,2.9927,3.0694,3.0708,3.0374,2.9929,2.8835,2.7545,2.6316,2.4727,2.2849,2.0978,1.871,1.6201,1.327,1.0698,0.8605],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.1394,0.087,-0.0199,-0.0104,0.0146,-0.0067,0.0831,0.1936,0.2038,0.1818,0.1539,0.2772,0.3427,0.5361,0.6026,0.6585,0.879,0.9771,1.0311,0.7696,0.4616,0.2507,0.2432,0.5557,0.602,0.489,0.3066,0.0059,-0.1337,-0.178,-0.4376,-0.5162,-0.4914,-0.6355,-0.7515,-0.7481,-0.9072,-1.0039,-1.1721,-1.0291,-0.8372],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,58.8081,59.2686,60.1761,61.2627,62.4134,63.5353,65.0106,66.5804,68.1482,67.4666,66.1903,64.4228,63.4611,63.5531,63.6385,62.5178,61.3721,59.454,57.1258,55.4547,52.7036,49.52,46.9601,44.1318,41.2865,38.4183,36.4186,34.5617,33.6416,32.5893,31.0345],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,38.918,33.7377,30.4412,28.3245,28.7039,25.9979,24.0813,25.2288,27.3729,28.522,29.9875,28.4286,28.5187,27.3033,33.102,37.6723,37.6539,36.7502,34.3114,41.5057,43.9705,42.4644,34.9088,31.8258,29.9281,34.9695,43.8922,40.8721,37.9862,35.4578,31.2439,29.086,31.9689,28.3232,26.2339,27.8562,25.4253,24.1648,22.676,20.4846,19.4621,18.0484,17.5971,19.3886],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,4.2534,6.8679,10.0782,10.747,10.1893,15.3105,14.1818,13.2113,11.8946,10.4743,9.8388,9.3826,8.5687,8.2035,6.9594,6.1396,5.2838,4.6882,4.2147,3.563,3.0597,2.5836,9.1108,10.7224,12.3894,11.3605,9.3914,8.7452,13.3643,12.9562,15.209,16.7694,15.8421,20.1176,22.2875,21.1516,21.9376,22.1733,23.1952,25.2513,23.9909,28.0403,25.8041,24.0948],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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":[null,null,null,null,null,null,null,null,null,null,null,null,null,13.5179,17.1257,17.1795,17.463,18.1674,21.9576,17.9369,16.9407,18.7126,15.7672,13.9242,14.677,15.2173,14.6913,12.5376,12.9978,11.2294,11.9728,11.6115,10.2229,10.8593,11.3622,15.5871,17.2494,16.5339,14.3836,12.3348,13.1417,13.9715,14.5483,17.2904,16.1282,15.0464,19.0092,17.5805,16.1681,19.0048,19.2415,18.0085,22.329,22.5268,27.2061,21.4119,20.0089],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,32.1717,50.9207,64.3674,90.3433,107.1556,107.0678,107.0759,105.9651,103.566,100.7313,99.2629,98.5417,93.1002,91.0628,93.9229,92.369,87.4793,82.0739,83.9714,84.2219,99.8119,108.3586,116.7881,139.3377,153.7944,162.0243,158.3501,151.8068,143.6969,134.3003,138.1452,134.6422,125.2304,117.4034,109.5967,99.6518,88.293,74.744,66.0889,56.4489,53.3918,50.2171,47.6687,52.8143,58.0498,67.2105,69.2294,69.0399],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":[null,null,null,null,null,null,null,33.1616,74.1425,83.428,166.6466,130.0396,282.3903,403.3213,169.2794,163.8033,122.8826,69.1872,81.7877,87.6959,96.6752,228.1167,210.992,62.0397,58.3086,145.4405,117.7877,245.7183,251.5316,174.2248,120.9291,60.5466,125.9038,198.8675,165.7216,203.0533,211.567,85.3374,105.2498,160.7854,92.3542,84.0601,93.0095,104.2352,68.5819,68.6367,123.5968,116.0885,88.0049,130.1782,64.8649,134.1019,118.0662,75.0577,155.4983,133.8775,121.7563],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,82.2334,92.1184,103.0404,126.4147,135.0,135.0,135.0,127.4305,135.0,129.1911,125.9788,122.2194,126.2244,130.5924,119.3883,130.5778,133.9148,130.7597,122.4284,129.4839,135.0,135.0,135.0,130.4604,132.7551,135.0,135.0,135.0,129.1491,122.5353,125.2795,128.7902,134.5185,131.1315,128.0592,124.6556,120.6859,123.3573,126.0382,121.0303,125.7197,129.1761,124.0043,121.4437,127.0067,122.0059,118.9037,112.3124,117.9746,123.0292],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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/532ec0e0-28ab-4dc8-8c41-cae993bec9f4/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/532ec0e0-28ab-4dc8-8c41-cae993bec9f4/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/532ec0e0-28ab-4dc8-8c41-cae993bec9f4/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/532ec0e0-28ab-4dc8-8c41-cae993bec9f4/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/532ec0e0-28ab-4dc8-8c41-cae993bec9f4/technical-pack/data.json"},"source_fingerprint":"a4d4978c093e4c4f8f7d7362b796b48db619688bf4e719736674f41cbea6d793","content_hash":"ae661c784d353e464e58537044c68209259873a333ff29a71b9133ef5644b0d6","citation":"Sharemaestro, ALM Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/532ec0e0-28ab-4dc8-8c41-cae993bec9f4/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."}