{"schema_version":"1.0","name":"VMX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"5f771b87-834f-46c0-9dbc-d0f7362f2f51","symbol":"VMX","name":"Verimatrix SA","exchange":"PAR","country":"FR","asset_type":"equity","currency":"EUR","sector":"Technology","industry":"Software - Infrastructure"},"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, Strength versus the research benchmark, Drawdown and recovery pressure, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, 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":"Aligned upward","stateTone":"positive","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":"Positive Market Dynamics is leading the current price response","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":"positive","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[-0.522937,-0.102673,0.132716,0.308816,0.409295,0.560182,0.722701,0.649493,0.52916,0.171551,-0.099427,-0.314092,-0.603271,-0.78604,-0.938996,-1.055785,-1.016868,-0.965087,-1.075916,-0.888622,-0.811931,-0.716562,-0.18126,0.186505,0.4768,0.85819,0.779111,0.771479,0.980354,1.033893,1.121228,0.923564,0.503929,0.112626,-0.222753,-0.303575,-0.494133,-0.642753,-0.674526,-0.850522,-0.799316,-0.796026,-0.882947,-0.93527,-0.981909,-0.987959,-0.845247,-0.445152,0.042845,0.34213,0.478182,0.203349,-0.180863,-0.389982,-0.495895,-0.488526,-0.520617,-0.450639,-0.306647,-0.161765,-0.054986,-0.05806,-0.377274,-0.755,-0.955726,-1.226031,-1.35396,-1.214309,-0.680669,0.008894,0.6019,1.096422,1.009632,0.841967,0.811135,0.70863,0.730869,0.752223,0.779696,0.803951,0.789314,0.539537,0.127383,-0.311979,-0.749404,-0.864736,-0.6687,-0.503978,-0.198554,0.037904,0.070989,0.205922,0.477775,0.68007,0.882863,1.05432,0.853299,0.701053,0.541276,0.379004,0.331995,0.432902,0.739239,0.958079],"opens":[0.4,0.408,0.415,0.394,0.393,0.392,0.39,0.365,0.35,0.358,0.349,0.352,0.334,0.339,0.305,0.29,0.272,0.29,0.266,0.265,0.299,0.268,0.277,0.318,0.32,0.305,0.333,0.312,0.342,0.384,0.327,0.315,0.29,0.26,0.27,0.267,0.258,0.253,0.257,0.258,0.253,0.253,0.249,0.245,0.244,0.218,0.217,0.232,0.25,0.27,0.21,0.208,0.206,0.209,0.198,0.199,0.1975,0.194,0.196,0.201,0.198,0.196,0.172,0.1645,0.159,0.153,0.1505,0.148,0.162,0.194,0.2,0.1895,0.2,0.1945,0.1915,0.193,0.1905,0.1945,0.192,0.194,0.1885,0.19,0.155,0.159,0.158,0.15,0.164,0.164,0.175,0.192,0.18,0.1845,0.181,0.252,0.228,0.228,0.206,0.1975,0.1955,0.1915,0.203,0.219,0.244,0.306],"highs":[0.416,0.418,0.415,0.399,0.4,0.41,0.393,0.376,0.379,0.367,0.363,0.358,0.342,0.339,0.315,0.296,0.3,0.291,0.269,0.296,0.315,0.29,0.34,0.374,0.335,0.343,0.335,0.345,0.393,0.385,0.33,0.317,0.292,0.279,0.273,0.288,0.259,0.26,0.265,0.262,0.255,0.256,0.25,0.249,0.244,0.246,0.243,0.28,0.285,0.27,0.215,0.214,0.212,0.21,0.214,0.204,0.204,0.206,0.215,0.205,0.2,0.208,0.175,0.1685,0.1695,0.16,0.1505,0.167,0.199,0.208,0.2,0.207,0.209,0.198,0.1985,0.1985,0.2,0.195,0.1945,0.195,0.19,0.198,0.168,0.16,0.158,0.165,0.179,0.1765,0.196,0.192,0.189,0.189,0.261,0.26,0.228,0.228,0.206,0.199,0.1955,0.205,0.214,0.242,0.33,0.307],"lows":[0.385,0.39,0.39,0.37,0.377,0.36,0.343,0.346,0.345,0.345,0.337,0.334,0.332,0.301,0.284,0.254,0.272,0.26,0.253,0.264,0.261,0.261,0.27,0.3,0.309,0.29,0.309,0.308,0.315,0.322,0.3,0.292,0.262,0.255,0.261,0.24,0.246,0.249,0.251,0.247,0.24,0.243,0.242,0.24,0.216,0.204,0.21,0.232,0.244,0.212,0.19,0.2,0.204,0.198,0.192,0.1925,0.19,0.19,0.194,0.193,0.195,0.18,0.162,0.155,0.151,0.147,0.144,0.148,0.1605,0.188,0.19,0.185,0.1925,0.189,0.1885,0.1885,0.19,0.1905,0.1915,0.188,0.1805,0.149,0.1525,0.152,0.149,0.1495,0.156,0.164,0.17,0.1705,0.1785,0.171,0.181,0.251,0.211,0.215,0.201,0.197,0.1915,0.1915,0.2,0.219,0.242,0.279],"closes":[0.408,0.411,0.391,0.394,0.392,0.387,0.37,0.361,0.358,0.351,0.352,0.338,0.34,0.313,0.296,0.272,0.29,0.266,0.265,0.296,0.272,0.282,0.319,0.322,0.317,0.332,0.312,0.332,0.378,0.336,0.315,0.292,0.267,0.273,0.265,0.259,0.254,0.257,0.26,0.25,0.253,0.246,0.243,0.245,0.22,0.217,0.232,0.254,0.269,0.214,0.207,0.206,0.209,0.202,0.205,0.202,0.192,0.202,0.205,0.2,0.1965,0.182,0.164,0.159,0.1675,0.148,0.147,0.162,0.192,0.2,0.191,0.204,0.197,0.192,0.192,0.191,0.192,0.193,0.193,0.19,0.19,0.153,0.16,0.156,0.152,0.165,0.1755,0.174,0.191,0.1875,0.1795,0.182,0.238,0.255,0.22,0.215,0.201,0.198,0.1915,0.202,0.214,0.24,0.307,0.29],"pressureRange":[-1.553399,1.553399],"priceRange":[0.147,0.699],"zones":{"accumulationBoundary":0.06,"distributionBoundary":0.94},"latest":0.958079,"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":"8 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"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":0.37,"forwardCorrelation":-0.17,"directionalAgreement":49.4,"sample":251,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"averageWeeksInZone":4.7,"medianWeeksInZone":6,"averageWeeksToHigher":1.3,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"medianReturn":7.8,"averageReturn":6.7,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"medianReturn":66.7,"averageReturn":51.6,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":16.5,"averageReturn":16.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.0,"sample":3},{"week":2,"averageReturn":12.2,"sample":3},{"week":3,"averageReturn":10.6,"sample":3},{"week":4,"averageReturn":6.7,"sample":3},{"week":5,"averageReturn":11.1,"sample":3},{"week":6,"averageReturn":14.3,"sample":3},{"week":7,"averageReturn":19.0,"sample":3},{"week":8,"averageReturn":15.2,"sample":3},{"week":9,"averageReturn":18.1,"sample":3},{"week":10,"averageReturn":19.4,"sample":3},{"week":11,"averageReturn":35.4,"sample":3},{"week":12,"averageReturn":51.6,"sample":3},{"week":13,"averageReturn":40.6,"sample":3},{"week":14,"averageReturn":28.8,"sample":2},{"week":15,"averageReturn":24.5,"sample":2},{"week":16,"averageReturn":23.5,"sample":2},{"week":17,"averageReturn":20.5,"sample":2},{"week":18,"averageReturn":23.9,"sample":2},{"week":19,"averageReturn":16.6,"sample":2},{"week":20,"averageReturn":27.2,"sample":2},{"week":21,"averageReturn":47.9,"sample":2},{"week":22,"averageReturn":41.1,"sample":2},{"week":23,"averageReturn":0.6,"sample":1},{"week":24,"averageReturn":7.0,"sample":1},{"week":25,"averageReturn":6.1,"sample":1},{"week":26,"averageReturn":16.5,"sample":1}]},"distribution":{"label":"Distribution","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1.0,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-19.2,"averageReturn":-19.2,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-42.0,"averageReturn":-42.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-26.0,"averageReturn":-26.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-7.0,"sample":2},{"week":2,"averageReturn":-10.4,"sample":2},{"week":3,"averageReturn":-10.3,"sample":2},{"week":4,"averageReturn":-19.2,"sample":2},{"week":5,"averageReturn":-28.0,"sample":2},{"week":6,"averageReturn":-28.3,"sample":2},{"week":7,"averageReturn":-35.3,"sample":2},{"week":8,"averageReturn":-39.9,"sample":2},{"week":9,"averageReturn":-39.5,"sample":2},{"week":10,"averageReturn":-41.7,"sample":2},{"week":11,"averageReturn":-41.2,"sample":2},{"week":12,"averageReturn":-42.0,"sample":2},{"week":13,"averageReturn":-41.2,"sample":2},{"week":14,"averageReturn":-36.5,"sample":2},{"week":15,"averageReturn":-38.7,"sample":2},{"week":16,"averageReturn":-39.7,"sample":2},{"week":17,"averageReturn":-39.1,"sample":2},{"week":18,"averageReturn":-39.9,"sample":2},{"week":19,"averageReturn":-40.5,"sample":2},{"week":20,"averageReturn":-37.0,"sample":2},{"week":21,"averageReturn":-36.2,"sample":2},{"week":22,"averageReturn":-33.4,"sample":2},{"week":23,"averageReturn":-23.5,"sample":2},{"week":24,"averageReturn":-25.4,"sample":2},{"week":25,"averageReturn":-27.8,"sample":2},{"week":26,"averageReturn":-26.0,"sample":2}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":19,"completedEpisodes":18,"activeEpisodes":1,"medianExpectedMove":7.7,"averageExpectedMove":10.5,"averageWeeksToLargestMove":2.3,"horizons":[{"weeks":4,"sample":18,"expectedCount":6,"expectedPercent":33.3,"averageReturn":-5.2,"medianReturn":-4.7,"confidenceLow":16.3,"confidenceHigh":56.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":18,"expectedCount":2,"expectedPercent":11.1,"averageReturn":-17.6,"medianReturn":-19.3,"confidenceLow":3.1,"confidenceHigh":32.8,"confidence":"Historically adverse"},{"weeks":26,"sample":17,"expectedCount":4,"expectedPercent":23.5,"averageReturn":-17.8,"medianReturn":-23.8,"confidenceLow":9.6,"confidenceHigh":47.3,"confidence":"Historically adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.9,"sample":19},{"week":2,"averageReturn":-0.3,"sample":19},{"week":3,"averageReturn":-0.0,"sample":19},{"week":4,"averageReturn":-5.2,"sample":18},{"week":5,"averageReturn":-8.2,"sample":18},{"week":6,"averageReturn":-11.4,"sample":18},{"week":7,"averageReturn":-14.8,"sample":18},{"week":8,"averageReturn":-15.3,"sample":18},{"week":9,"averageReturn":-16.3,"sample":18},{"week":10,"averageReturn":-16.8,"sample":18},{"week":11,"averageReturn":-17.2,"sample":18},{"week":12,"averageReturn":-17.6,"sample":18},{"week":13,"averageReturn":-16.3,"sample":18},{"week":14,"averageReturn":-16.7,"sample":18},{"week":15,"averageReturn":-20.1,"sample":17},{"week":16,"averageReturn":-20.4,"sample":17},{"week":17,"averageReturn":-21.1,"sample":17},{"week":18,"averageReturn":-21.9,"sample":17},{"week":19,"averageReturn":-20.3,"sample":17},{"week":20,"averageReturn":-19.5,"sample":17},{"week":21,"averageReturn":-20.3,"sample":17},{"week":22,"averageReturn":-21.9,"sample":17},{"week":23,"averageReturn":-17.5,"sample":17},{"week":24,"averageReturn":-16.7,"sample":17},{"week":25,"averageReturn":-16.3,"sample":17},{"week":26,"averageReturn":-17.8,"sample":17}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":20,"completedEpisodes":20,"activeEpisodes":0,"medianExpectedMove":18.4,"averageExpectedMove":15.2,"averageWeeksToLargestMove":7.2,"horizons":[{"weeks":4,"sample":20,"expectedCount":12,"expectedPercent":60.0,"averageReturn":-2.2,"medianReturn":-2.4,"confidenceLow":38.7,"confidenceHigh":78.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":13,"expectedPercent":65.0,"averageReturn":0.2,"medianReturn":-5.0,"confidenceLow":43.3,"confidenceHigh":81.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":16,"expectedPercent":84.2,"averageReturn":-13.9,"medianReturn":-17.5,"confidenceLow":62.4,"confidenceHigh":94.5,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":20},{"week":2,"averageReturn":-0.0,"sample":20},{"week":3,"averageReturn":-0.0,"sample":20},{"week":4,"averageReturn":-2.2,"sample":20},{"week":5,"averageReturn":-2.2,"sample":20},{"week":6,"averageReturn":-3.2,"sample":20},{"week":7,"averageReturn":-1.9,"sample":20},{"week":8,"averageReturn":-1.1,"sample":20},{"week":9,"averageReturn":0.5,"sample":20},{"week":10,"averageReturn":-0.2,"sample":20},{"week":11,"averageReturn":-0.9,"sample":20},{"week":12,"averageReturn":0.2,"sample":20},{"week":13,"averageReturn":-2.5,"sample":20},{"week":14,"averageReturn":-3.7,"sample":20},{"week":15,"averageReturn":-5.3,"sample":20},{"week":16,"averageReturn":-4.8,"sample":20},{"week":17,"averageReturn":-4.2,"sample":20},{"week":18,"averageReturn":-4.5,"sample":20},{"week":19,"averageReturn":-2.8,"sample":20},{"week":20,"averageReturn":-5.7,"sample":20},{"week":21,"averageReturn":-10.7,"sample":19},{"week":22,"averageReturn":-13.0,"sample":19},{"week":23,"averageReturn":-12.9,"sample":19},{"week":24,"averageReturn":-14.5,"sample":19},{"week":25,"averageReturn":-13.8,"sample":19},{"week":26,"averageReturn":-13.9,"sample":19}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":21,"completedEpisodes":21,"activeEpisodes":0,"medianExpectedMove":18.2,"averageExpectedMove":17.4,"averageWeeksToLargestMove":7.0,"horizons":[{"weeks":4,"sample":21,"expectedCount":9,"expectedPercent":42.9,"averageReturn":-0.7,"medianReturn":2.2,"confidenceLow":24.5,"confidenceHigh":63.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":21,"expectedCount":14,"expectedPercent":66.7,"averageReturn":-1.8,"medianReturn":-2.4,"confidenceLow":45.4,"confidenceHigh":82.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":20,"expectedCount":14,"expectedPercent":70.0,"averageReturn":-11.7,"medianReturn":-22.5,"confidenceLow":48.1,"confidenceHigh":85.5,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.2,"sample":21},{"week":2,"averageReturn":-0.4,"sample":21},{"week":3,"averageReturn":-0.9,"sample":21},{"week":4,"averageReturn":-0.7,"sample":21},{"week":5,"averageReturn":-3.2,"sample":21},{"week":6,"averageReturn":-2.5,"sample":21},{"week":7,"averageReturn":-1.3,"sample":21},{"week":8,"averageReturn":-0.9,"sample":21},{"week":9,"averageReturn":0.1,"sample":21},{"week":10,"averageReturn":-0.6,"sample":21},{"week":11,"averageReturn":-1.5,"sample":21},{"week":12,"averageReturn":-1.8,"sample":21},{"week":13,"averageReturn":-3.6,"sample":21},{"week":14,"averageReturn":-5.2,"sample":21},{"week":15,"averageReturn":-6.9,"sample":21},{"week":16,"averageReturn":-8.0,"sample":21},{"week":17,"averageReturn":-5.7,"sample":21},{"week":18,"averageReturn":-6.6,"sample":21},{"week":19,"averageReturn":-11.1,"sample":20},{"week":20,"averageReturn":-11.4,"sample":20},{"week":21,"averageReturn":-9.8,"sample":20},{"week":22,"averageReturn":-11.1,"sample":20},{"week":23,"averageReturn":-12.5,"sample":20},{"week":24,"averageReturn":-12.3,"sample":20},{"week":25,"averageReturn":-11.4,"sample":20},{"week":26,"averageReturn":-11.7,"sample":20}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":17,"completedEpisodes":16,"activeEpisodes":1,"medianExpectedMove":2.5,"averageExpectedMove":7.8,"averageWeeksToLargestMove":3.2,"horizons":[{"weeks":4,"sample":17,"expectedCount":5,"expectedPercent":29.4,"averageReturn":-5.4,"medianReturn":-8.4,"confidenceLow":13.3,"confidenceHigh":53.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":16,"expectedCount":1,"expectedPercent":6.2,"averageReturn":-16.4,"medianReturn":-14.5,"confidenceLow":1.1,"confidenceHigh":28.3,"confidence":"Historically adverse"},{"weeks":26,"sample":15,"expectedCount":3,"expectedPercent":20.0,"averageReturn":-14.8,"medianReturn":-16.4,"confidenceLow":7.0,"confidenceHigh":45.2,"confidence":"Historically adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.0,"sample":17},{"week":2,"averageReturn":-2.9,"sample":17},{"week":3,"averageReturn":-3.2,"sample":17},{"week":4,"averageReturn":-5.4,"sample":17},{"week":5,"averageReturn":-5.4,"sample":17},{"week":6,"averageReturn":-4.6,"sample":17},{"week":7,"averageReturn":-6.8,"sample":17},{"week":8,"averageReturn":-12.8,"sample":16},{"week":9,"averageReturn":-13.7,"sample":16},{"week":10,"averageReturn":-14.9,"sample":16},{"week":11,"averageReturn":-15.6,"sample":16},{"week":12,"averageReturn":-16.4,"sample":16},{"week":13,"averageReturn":-14.0,"sample":16},{"week":14,"averageReturn":-14.2,"sample":16},{"week":15,"averageReturn":-15.7,"sample":16},{"week":16,"averageReturn":-15.4,"sample":16},{"week":17,"averageReturn":-14.2,"sample":16},{"week":18,"averageReturn":-13.6,"sample":16},{"week":19,"averageReturn":-10.8,"sample":16},{"week":20,"averageReturn":-10.6,"sample":16},{"week":21,"averageReturn":-12.2,"sample":16},{"week":22,"averageReturn":-10.2,"sample":16},{"week":23,"averageReturn":-11.3,"sample":16},{"week":24,"averageReturn":-12.1,"sample":16},{"week":25,"averageReturn":-14.9,"sample":15},{"week":26,"averageReturn":-14.8,"sample":15}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"positive","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":6.2,"averageReturn":-16.4,"sample":16},"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, 6.2% of comparable cases moved higher after 12 weeks, with an average move of -16.4% across 16 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 3 cases. Distinct visits lasted 4.7 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 7.8% across 16 completed cases, with the largest move arriving after 3.2 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2025-12-19","price":0.2},{"date":"2026-03-20","price":0.16},{"date":"2026-05-08","price":0.1875}],"distribution_rollovers":[],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[0.408,0.411,0.391,0.394,0.392,0.387,0.37,0.361,0.358,0.351,0.352,0.338,0.34,0.313,0.296,0.272,0.29,0.266,0.265,0.296,0.272,0.282,0.319,0.322,0.317,0.332,0.312,0.332,0.378,0.336,0.315,0.292,0.267,0.273,0.265,0.259,0.254,0.257,0.26,0.25,0.253,0.246,0.243,0.245,0.22,0.217,0.232,0.254,0.269,0.214,0.207,0.206,0.209,0.202,0.205,0.202,0.192,0.202,0.205,0.2,0.1965,0.182,0.164,0.159,0.1675,0.148,0.147,0.162,0.192,0.2,0.191,0.204,0.197,0.192,0.192,0.191,0.192,0.193,0.193,0.19,0.19,0.153,0.16,0.156,0.152,0.165,0.1755,0.174,0.191,0.1875,0.1795,0.182,0.238,0.255,0.22,0.215,0.201,0.198,0.1915,0.202,0.214,0.24,0.307,0.29],"consensus":[26.4094,24.6928,-16.2568,0.0,0.0,-11.5076,-27.3375,-25.6304,-21.7985,-31.8531,-14.7486,-40.4178,-11.6026,-57.0216,-54.7544,-58.8258,-9.8302,-65.3903,-28.0731,28.6045,-50.2172,0.0,47.0298,14.692,0.0,39.191,-20.6213,33.5838,62.7657,-23.5667,-17.4093,-44.9684,-52.8424,-15.3064,-36.5259,-33.6099,-24.5635,-14.4707,-10.6617,-35.0942,0.0,-32.2681,-34.8172,-14.2155,-64.878,-35.3833,0.0,30.644,40.0504,-54.5124,-30.97,-30.9205,-20.5371,-33.809,-9.2589,-12.139,-42.7485,0.0,0.0,-14.5865,-18.7401,-54.5747,-61.5752,-45.2495,-8.5278,-61.7141,-34.9561,10.0331,53.9093,44.2531,0.0,53.3229,0.0,0.0,0.0,0.0,0.0,8.7832,0.0,-8.7316,9.3773,-67.6355,-20.1486,-39.228,-45.8226,22.5705,37.8387,16.3806,57.9857,17.8596,-9.2055,14.0893,69.8983,55.0653,11.234,0.0,-29.5777,-14.3713,-35.7458,15.5142,45.581,72.6374,79.0777,14.1308],"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":[-13.0634,-38.2796,-10.1915,-9.1701,-47.8145,0.0,0.0,-16.5768,-29.0057,-50.8398,-63.595,-47.0369,-2.2533,-67.2187,-35.6291,10.049,46.236,34.3673,0.0,48.2164,0.0,0.0,0.0,0.0,0.0,7.9185,0.0,-14.7169,14.1511,-60.6563,-15.4801,-36.0988,-45.513,24.2295,28.7255,13.012,48.8636,11.1762,-18.2929,9.064,59.2467,49.5085,1.414,0.0,-35.24,-8.2355,-42.1277,26.7225,48.9265,72.8744,76.728,9.8392],"force":[-0.4798,-24.961,-12.3494,-1.7308,-39.3909,0.0,0.0,-9.2207,-10.9212,-79.4971,-69.1614,-28.5241,-27.8702,-61.2102,-12.1796,51.7977,89.5739,53.8422,0.0,64.1638,0.0,0.0,0.0,0.0,0.0,2.5326,0.0,-17.2297,11.6037,-96.9408,-14.9671,-24.8986,-33.2534,58.9366,78.6509,18.9955,86.5633,1.9555,-24.8932,13.3953,92.7215,42.1418,26.2199,0.0,-41.8597,-14.4657,-33.6485,29.4464,57.1696,92.0906,93.5994,55.2122],"direction":[-43.4051,-35.0198,-23.6276,-25.4391,-39.3572,0.0,0.0,-16.1445,-12.593,-41.0415,-53.8481,-55.1535,-46.8478,-55.783,-50.4559,19.8171,37.204,48.7017,0.0,51.4154,0.0,0.0,0.0,0.0,0.0,14.2361,0.0,-4.1788,2.3313,-54.6794,-50.5668,-53.0395,-55.1545,5.3014,19.1023,18.3628,47.9985,39.6515,-12.3858,20.3281,65.7693,70.6468,52.4416,0.0,-14.3336,-21.3163,-29.9503,7.2469,33.48,58.4713,71.3903,68.5661],"intensity":[7.6923,13.4615,13.4615,30.7692,30.7692,32.6923,25.0,36.5385,7.6923,48.0769,82.6923,21.1538,25.0,53.8462,28.8462,51.9231,80.7692,73.0769,28.8462,48.0769,23.0769,46.1538,1.9231,3.8462,5.7692,17.3077,5.7692,13.4615,36.5385,92.3077,88.4615,40.3846,17.3077,69.2308,69.2308,42.3077,82.6923,17.3077,42.3077,34.6154,100.0,98.0769,92.3077,21.1538,78.8462,26.9231,25.0,61.5385,65.3846,84.6154,100.0,92.3077],"confirmation":[51.4078,78.4811,27.5913,49.2096,81.5,5.8297,2.8736,72.4738,73.6021,86.2804,87.9045,81.9429,8.2103,87.6493,78.4816,31.3775,86.4548,82.6039,30.502,85.4715,5.1245,26.0458,24.6028,25.1644,1.5561,25.3,24.9247,49.1867,48.3292,90.6428,31.3082,80.1639,82.2849,54.7699,81.4911,73.3728,87.5654,50.9635,28.5943,72.564,91.2253,85.3117,8.5414,30.3359,77.7529,72.6952,79.2775,52.0977,82.8881,91.8332,93.7832,44.9192],"persistence":[37.5,37.5,50.0,75.0,100.0,87.5,75.0,75.0,75.0,75.0,75.0,75.0,75.0,87.5,100.0,75.0,50.0,25.0,12.5,12.5,25.0,37.5,50.0,37.5,25.0,25.0,25.0,0.0,12.5,0.0,12.5,25.0,37.5,37.5,25.0,0.0,0.0,25.0,25.0,50.0,75.0,75.0,75.0,62.5,37.5,12.5,12.5,12.5,12.5,12.5,12.5,25.0],"assessmentRisk":[39.5628,11.3581,0.6703,4.4123,14.5244,2.227,0.4433,1.6276,22.9958,15.9397,19.2108,27.3738,45.6627,19.0933,30.3198,9.2882,20.4477,27.8303,48.7657,23.1081,15.1808,23.4945,1.3126,35.8962,19.5741,0.2069,1.094,0.4671,14.7882,16.0995,39.6504,30.1709,27.0345,28.5485,24.7527,37.6252,20.8125,38.3877,19.8671,20.8247,14.2047,22.3502,42.7756,43.1816,32.6435,42.4492,26.4441,36.0255,5.3311,11.872,10.4433,42.7759],"volumeParticipation":true,"latest":{"consensus":14.1,"control":9.8,"force":55.2,"direction":68.6,"confirmation":44.9,"persistence":25.0,"assessmentRisk":42.8,"intensity":92.3,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+14.1","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+9.8","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+55.2","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+68.6","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"67.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"8.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"21.4","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"78%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned upward.","series":[{"label":"Close","values":[0.408,0.411,0.391,0.394,0.392,0.387,0.37,0.361,0.358,0.351,0.352,0.338,0.34,0.313,0.296,0.272,0.29,0.266,0.265,0.296,0.272,0.282,0.319,0.322,0.317,0.332,0.312,0.332,0.378,0.336,0.315,0.292,0.267,0.273,0.265,0.259,0.254,0.257,0.26,0.25,0.253,0.246,0.243,0.245,0.22,0.217,0.232,0.254,0.269,0.214,0.207,0.206,0.209,0.202,0.205,0.202,0.192,0.202,0.205,0.2,0.1965,0.182,0.164,0.159,0.1675,0.148,0.147,0.162,0.192,0.2,0.191,0.204,0.197,0.192,0.192,0.191,0.192,0.193,0.193,0.19,0.19,0.153,0.16,0.156,0.152,0.165,0.1755,0.174,0.191,0.1875,0.1795,0.182,0.238,0.255,0.22,0.215,0.201,0.198,0.1915,0.202,0.214,0.24,0.307,0.29],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[0.3883,0.3925,0.3922,0.3925,0.3924,0.3914,0.3875,0.3827,0.3782,0.3733,0.3694,0.3637,0.3594,0.351,0.341,0.3284,0.3214,0.3114,0.3029,0.3017,0.2963,0.2937,0.2983,0.3026,0.3052,0.3101,0.3104,0.3144,0.3259,0.3278,0.3254,0.3194,0.3098,0.3031,0.2962,0.2894,0.283,0.2783,0.2749,0.2704,0.2672,0.2634,0.2597,0.257,0.2503,0.2442,0.242,0.2442,0.2487,0.2424,0.236,0.2305,0.2266,0.2221,0.219,0.2159,0.2116,0.2098,0.209,0.2073,0.2054,0.2011,0.1944,0.1879,0.1842,0.1776,0.1721,0.1702,0.1742,0.1789,0.1811,0.1853,0.1874,0.1882,0.1889,0.1893,0.1898,0.1904,0.1908,0.1907,0.1906,0.1837,0.1794,0.1752,0.171,0.1699,0.1709,0.1715,0.175,0.1773,0.1777,0.1785,0.1893,0.2012,0.2047,0.2065,0.2055,0.2042,0.2019,0.2019,0.2041,0.2106,0.2281,0.2394],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[0.4141,0.4138,0.4121,0.4108,0.4094,0.4078,0.405,0.4017,0.3985,0.3949,0.3918,0.3878,0.3842,0.379,0.3728,0.3654,0.3598,0.3528,0.3463,0.3426,0.3374,0.3333,0.3322,0.3314,0.3304,0.3305,0.3291,0.3293,0.3329,0.3332,0.3318,0.3289,0.3243,0.3205,0.3164,0.3121,0.3078,0.3041,0.3008,0.297,0.2938,0.2902,0.2867,0.2836,0.2789,0.2743,0.2712,0.2699,0.2699,0.2657,0.2614,0.2573,0.2537,0.2499,0.2465,0.2432,0.2394,0.2367,0.2343,0.2318,0.2292,0.2257,0.2211,0.2165,0.2129,0.2081,0.2035,0.2005,0.1998,0.1999,0.1992,0.1996,0.1994,0.1988,0.1983,0.1978,0.1973,0.197,0.1967,0.1962,0.1958,0.1926,0.1902,0.1877,0.185,0.1835,0.1829,0.1823,0.1829,0.1833,0.183,0.1829,0.187,0.192,0.1941,0.1956,0.196,0.1962,0.1958,0.1963,0.1976,0.2007,0.2086,0.2146],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[0.4952,0.495,0.4943,0.4856,0.4776,0.4673,0.4595,0.4404,0.4282,0.4128,0.4128,0.4144,0.4141,0.4191,0.4252,0.4333,0.4351,0.4401,0.4425,0.4371,0.4301,0.4197,0.4116,0.4021,0.3917,0.3822,0.3745,0.3697,0.3744,0.3721,0.3674,0.3641,0.3609,0.3603,0.3609,0.3617,0.3629,0.3634,0.3637,0.3645,0.3652,0.3663,0.3643,0.361,0.3595,0.3543,0.3502,0.3413,0.3157,0.3012,0.2912,0.2859,0.2844,0.2817,0.2791,0.2771,0.2761,0.2729,0.2684,0.2653,0.2611,0.2587,0.2582,0.2564,0.2562,0.2578,0.2562,0.2472,0.2306,0.2286,0.2269,0.2266,0.225,0.2239,0.2224,0.2211,0.2211,0.22,0.2183,0.2171,0.2164,0.2173,0.2175,0.2177,0.2186,0.2173,0.2155,0.215,0.2149,0.2134,0.2126,0.2097,0.2205,0.235,0.2386,0.2413,0.242,0.2424,0.2423,0.2432,0.2455,0.251,0.2744,0.2873],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[0.3204,0.3202,0.3189,0.32,0.321,0.3233,0.3231,0.3301,0.3331,0.3386,0.3358,0.3313,0.3318,0.3215,0.3081,0.2902,0.2798,0.2655,0.2527,0.248,0.2414,0.2389,0.2398,0.2421,0.245,0.249,0.2509,0.2528,0.2501,0.2509,0.2519,0.2506,0.2465,0.2431,0.2394,0.2373,0.2325,0.2311,0.2303,0.2249,0.2223,0.2176,0.212,0.2076,0.1994,0.1931,0.1892,0.1903,0.205,0.2073,0.2065,0.2032,0.1989,0.1945,0.1911,0.1874,0.1822,0.1799,0.1789,0.177,0.1755,0.1715,0.1642,0.1574,0.1523,0.1438,0.1369,0.1367,0.1456,0.1462,0.1463,0.1464,0.1468,0.1469,0.1471,0.1473,0.1473,0.1475,0.148,0.1482,0.1482,0.1445,0.1439,0.1433,0.1409,0.1439,0.1486,0.1502,0.1502,0.1505,0.1502,0.1508,0.1441,0.1359,0.1351,0.1349,0.1351,0.1352,0.1351,0.1354,0.1355,0.1387,0.13,0.1305],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"relative","eyebrow":"Relative leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative strength","values":[-9.9725,-8.7205,-8.7419,-8.3029,-7.9508,-11.4506,-11.6121,-13.2059,-13.5494,-13.4527,-11.7867,-14.1972,-12.6246,-19.0427,-22.8332,-30.4826,-25.3857,-29.8814,-30.2784,-20.7604,-28.0973,-27.7605,-20.261,-19.4158,-20.18,-17.7797,-21.6888,-15.2433,-2.8799,-12.1329,-17.2245,-21.5635,-21.4437,-17.2993,-21.2333,-24.8313,-27.7333,-25.8827,-25.6701,-26.2512,-24.7534,-26.5267,-25.6536,-23.5562,-31.7503,-32.1152,-28.0515,-20.5449,-15.356,-29.3808,-32.6524,-33.6266,-32.1303,-31.1938,-28.958,-30.3835,-33.1036,-28.8739,-28.8018,-28.2368,-30.8339,-35.4565,-40.1744,-39.8588,-37.3981,-42.5574,-43.1566,-36.6573,-23.7846,-20.8283,-23.3525,-18.2455,-21.9836,-22.3549,-20.3981,-19.7662,-19.9118,-18.9269,-20.0293,-20.8623,-13.6972,-28.6621,-21.9929,-23.386,-26.8551,-22.4016,-18.1347,-15.3406,-5.9199,-6.897,-8.3377,-8.2206,19.3618,27.3938,8.6153,5.8274,-0.2676,-2.7958,-3.5639,2.4076,8.8338,20.1017,48.975,41.1288],"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":[-71.6273,-71.4186,-72.8095,-72.6008,-72.7399,-73.0876,-74.2698,-74.8957,-75.1043,-75.5911,-75.5216,-76.4951,-76.3561,-78.2337,-79.4159,-81.0848,-79.8331,-81.5021,-81.5716,-79.4159,-81.0848,-80.3894,-77.8164,-77.6078,-77.9555,-76.9124,-78.3032,-76.9124,-73.7135,-76.6342,-78.0946,-79.694,-81.4325,-81.0153,-81.5716,-81.9889,-82.3366,-82.128,-81.9193,-82.6147,-82.4061,-82.8929,-83.1015,-82.9624,-84.701,-84.9096,-83.8665,-82.3366,-81.2935,-85.1182,-85.605,-85.6745,-85.4659,-85.9527,-85.7441,-85.9527,-86.6481,-85.9527,-85.7441,-86.0918,-86.3352,-87.3435,-88.5953,-88.943,-88.3519,-89.7079,-89.7775,-88.7344,-86.6481,-86.0918,-86.7177,-85.8136,-86.3004,-86.6481,-86.6481,-86.7177,-86.6481,-86.5786,-86.5786,-86.7872,-86.7872,-89.3602,-88.8734,-89.1516,-89.4298,-88.5257,-87.7955,-87.8999,-86.7177,-86.9611,-87.5174,-87.3435,-83.4492,-82.267,-84.701,-85.0487,-86.0223,-86.2309,-86.6829,-85.9527,-85.1182,-83.3102,-78.6509,-79.8331],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[20.7101,21.5976,15.6805,16.568,15.9763,14.497,9.4675,6.8047,5.9172,3.8462,4.142,0.0,0.5917,0.0,0.0,0.0,6.6176,0.0,0.0,11.6981,2.6415,6.4151,20.3774,21.5094,19.6226,25.283,17.7358,25.283,42.6415,26.7925,18.8679,10.1887,0.7547,3.0189,0.0,0.0,0.0,1.1811,2.3622,0.0,1.2,0.0,0.0,0.823,0.0,0.0,6.9124,17.0507,23.9631,0.0,0.0,0.0,1.4563,0.0,1.4851,0.0,0.0,5.2083,6.7708,4.1667,2.3438,0.0,0.0,0.0,5.3459,0.0,0.0,10.2041,30.6122,36.0544,29.932,38.7755,34.0136,30.6122,30.6122,29.932,30.6122,31.2925,31.2925,29.2517,29.2517,4.0816,8.8435,6.1224,3.4014,12.2449,19.3878,18.3673,29.932,27.551,22.1088,23.8095,56.5789,67.7632,44.7368,41.4474,32.2368,30.2632,25.9868,32.8947,40.7895,57.8947,101.9737,90.7895],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[88.2044,119.3318,32.2491,90.885,63.5954,138.7589,115.4015,83.828,129.5111,69.7965,89.2936,76.4615,70.6302,139.278,217.436,145.7461,167.7151,191.0342,82.5769,138.2767,188.8125,112.831,172.2458,289.4317,122.7331,148.7907,74.5394,146.3915,241.0749,182.6058,145.2993,85.2052,90.3084,85.9329,46.5436,235.846,66.1876,36.0226,70.2591,62.9241,58.2662,33.327,57.9262,53.1969,166.2714,215.0222,130.4116,153.2825,131.9797,213.2327,212.5556,68.715,58.0569,60.5881,90.9066,58.7763,77.5501,80.018,114.9203,54.6107,57.4893,242.138,126.705,62.825,101.5,74.2626,32.6104,83.0118,334.7264,170.3472,30.2384,98.3759,38.6073,31.3114,33.917,27.071,55.2616,18.2918,35.6497,34.0221,35.8777,373.9386,44.1412,36.9684,45.3866,28.9341,143.562,26.4225,107.3537,81.2219,29.4351,59.8843,616.8844,31.9551,17.0341,10.4351,1.2601,1.9394,6.8061,27.1039,36.799,70.2074,695.7522,180.3244],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[85.6474,86.4745,86.2605,86.7892,86.4145,85.5868,84.908,84.4238,83.659,83.2548,83.7134,82.6993,82.0201,81.0101,79.7012,78.7775,79.6201,78.274,77.687,78.7137,77.2356,78.1159,74.1882,72.7971,70.9341,73.2588,72.0947,74.4951,78.8081,75.2833,72.3213,70.5365,68.5832,70.4712,69.4727,65.0,65.0,65.7648,67.2802,65.9266,67.1542,66.4615,65.2833,66.2877,65.0,65.0,67.3865,70.2679,72.6847,68.6443,65.0,65.0,66.0825,65.0,66.725,65.7007,65.0,66.4093,68.4841,67.5003,66.4624,65.0,65.0,65.0,66.7722,65.5371,65.016,66.3044,72.1718,75.1479,74.6612,76.2723,75.6448,75.1422,75.1422,74.725,75.5697,75.8411,75.8411,75.3623,75.3623,69.901,70.5104,70.0112,69.4253,69.7862,71.675,71.34,72.4456,71.6997,71.4326,71.943,79.2667,79.6441,79.4457,79.3258,79.3118,79.2906,79.2175,79.5059,79.8955,80.4672,88.8298,86.4971],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[-0.0231,-0.0198,-0.0186,-0.0172,-0.016,-0.0154,-0.016,-0.017,-0.0179,-0.0189,-0.0195,-0.0208,-0.0214,-0.0238,-0.0267,-0.0307,-0.032,-0.0345,-0.0362,-0.0347,-0.035,-0.034,-0.0299,-0.0261,-0.0233,-0.0195,-0.018,-0.015,-0.0088,-0.0072,-0.0076,-0.0096,-0.013,-0.0151,-0.0172,-0.0192,-0.0208,-0.0217,-0.0219,-0.0226,-0.0226,-0.0229,-0.0232,-0.0229,-0.0245,-0.0257,-0.0251,-0.0226,-0.0192,-0.0207,-0.0222,-0.0232,-0.0235,-0.024,-0.0239,-0.0238,-0.0242,-0.0235,-0.0224,-0.0217,-0.0212,-0.0217,-0.0232,-0.0246,-0.0247,-0.0261,-0.027,-0.0261,-0.0228,-0.0193,-0.017,-0.014,-0.0121,-0.0108,-0.0097,-0.0088,-0.0079,-0.007,-0.0063,-0.0058,-0.0054,-0.008,-0.0094,-0.0107,-0.0119,-0.0116,-0.0105,-0.0096,-0.0074,-0.0059,-0.0053,-0.0046,0.0005,0.0059,0.0072,0.0078,0.007,0.0061,0.0048,0.0045,0.0052,0.0078,0.0151,0.0193],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[-0.0261,-0.0248,-0.0236,-0.0223,-0.0211,-0.0199,-0.0191,-0.0187,-0.0186,-0.0186,-0.0188,-0.0192,-0.0196,-0.0205,-0.0217,-0.0235,-0.0252,-0.0271,-0.0289,-0.03,-0.031,-0.0316,-0.0313,-0.0302,-0.0288,-0.027,-0.0252,-0.0232,-0.0203,-0.0177,-0.0157,-0.0144,-0.0142,-0.0143,-0.0149,-0.0158,-0.0168,-0.0178,-0.0186,-0.0194,-0.02,-0.0206,-0.0211,-0.0215,-0.0221,-0.0228,-0.0233,-0.0231,-0.0223,-0.022,-0.022,-0.0223,-0.0225,-0.0228,-0.023,-0.0232,-0.0234,-0.0234,-0.0232,-0.0229,-0.0225,-0.0224,-0.0225,-0.023,-0.0233,-0.0239,-0.0245,-0.0248,-0.0244,-0.0234,-0.0221,-0.0205,-0.0188,-0.0172,-0.0157,-0.0143,-0.013,-0.0118,-0.0107,-0.0097,-0.0089,-0.0087,-0.0088,-0.0092,-0.0097,-0.0101,-0.0102,-0.0101,-0.0095,-0.0088,-0.0081,-0.0074,-0.0058,-0.0035,-0.0013,0.0005,0.0018,0.0026,0.0031,0.0034,0.0037,0.0046,0.0067,0.0092],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[0.003,0.005,0.005,0.0051,0.005,0.0046,0.0031,0.0017,0.0006,-0.0003,-0.0007,-0.0016,-0.0017,-0.0033,-0.005,-0.0072,-0.0068,-0.0075,-0.0073,-0.0046,-0.0039,-0.0024,0.0014,0.0041,0.0056,0.0074,0.0072,0.0081,0.0115,0.0105,0.0081,0.0049,0.0011,-0.0008,-0.0023,-0.0034,-0.0041,-0.0039,-0.0033,-0.0032,-0.0026,-0.0023,-0.0021,-0.0015,-0.0024,-0.0029,-0.0018,0.0005,0.0031,0.0013,-0.0002,-0.0009,-0.001,-0.0012,-0.0009,-0.0006,-0.0008,-0.0001,0.0008,0.0012,0.0014,0.0007,-0.0007,-0.0017,-0.0014,-0.0022,-0.0025,-0.0013,0.0016,0.0041,0.0051,0.0065,0.0067,0.0064,0.006,0.0055,0.0051,0.0048,0.0045,0.0039,0.0034,0.0007,-0.0005,-0.0015,-0.0021,-0.0015,-0.0003,0.0005,0.0021,0.0029,0.0028,0.0028,0.0063,0.0094,0.0085,0.0073,0.0052,0.0034,0.0017,0.0012,0.0015,0.0033,0.0084,0.0101],"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":"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":[10.2796,9.9623,10.1806,9.9071,9.6655,10.0139,10.6911,10.7686,10.7616,10.6399,10.3794,10.5444,9.9437,10.92,11.4704,12.6938,11.7452,12.7227,12.2898,10.989,12.5225,11.9502,11.3769,12.1074,12.0058,11.7848,12.2398,11.4769,10.8341,12.6571,13.3528,13.9873,15.0069,14.2566,13.9614,14.5882,14.1785,13.3178,12.6084,12.6047,11.9891,11.827,11.3529,10.7183,12.0253,12.7032,12.0492,11.5693,11.2325,15.0468,15.3072,14.7682,13.7899,13.673,13.2771,12.9538,13.1759,12.1948,11.8898,11.7451,11.2822,12.4098,13.6593,13.6889,12.855,14.4989,13.8707,12.5692,11.28,10.7696,10.8456,10.1994,10.4057,10.2489,9.8888,9.6045,9.2441,8.7058,8.195,7.993,7.7792,11.258,10.6885,10.5458,10.4731,9.6298,9.3431,9.2637,8.8087,9.1512,9.2941,9.2181,8.9466,8.37,10.4372,10.3489,10.7766,10.3027,10.134,9.3984,8.705,8.0408,7.931,8.4859],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[42.8829,42.8801,43.1227,41.1122,39.2134,36.4099,34.8327,28.6064,24.9875,19.7586,20.5453,22.2652,22.0834,26.3315,31.9341,39.5629,43.4692,49.4903,54.5925,55.2199,56.1925,54.9227,52.7723,49.6878,46.0603,42.2253,39.5143,37.5579,39.827,38.931,37.3127,36.9122,37.6975,38.8357,40.4509,41.5088,43.7808,44.5107,44.8992,47.341,48.6566,50.9088,52.8493,53.9514,57.258,58.8952,59.7245,56.8016,42.5231,36.899,34.0232,33.8485,35.418,36.6021,37.4421,38.6032,40.9423,41.0807,39.9734,39.8958,39.2182,40.5519,44.498,47.8446,50.8544,56.7811,60.7291,57.5984,45.2264,44.0222,43.2016,43.0279,42.0718,41.5544,40.7078,40.0582,40.0582,39.4316,38.4194,37.7638,37.3835,40.2492,40.748,41.1969,43.2242,40.6615,36.7621,35.4982,35.4477,34.5802,34.3994,32.6487,41.9102,53.457,55.4014,56.5581,56.7167,56.7772,56.7789,56.9293,57.6912,57.633,71.3898,75.0476],"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/5f771b87-834f-46c0-9dbc-d0f7362f2f51/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/5f771b87-834f-46c0-9dbc-d0f7362f2f51/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/5f771b87-834f-46c0-9dbc-d0f7362f2f51/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/5f771b87-834f-46c0-9dbc-d0f7362f2f51/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/5f771b87-834f-46c0-9dbc-d0f7362f2f51/technical-pack/data.json"},"source_fingerprint":"7b1562bbb9f5d3a035fcac7c14676f791035b4297c528aa1c6fbe84e0455744e","content_hash":"55b4fa5840f1865adc955fb719586f7e853d129c85e3cf714cd0c8dcacb603fd","citation":"Sharemaestro, VMX Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/5f771b87-834f-46c0-9dbc-d0f7362f2f51/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."}