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adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.0,"sample":20},{"week":2,"averageReturn":-1.6,"sample":20},{"week":3,"averageReturn":-2.0,"sample":20},{"week":4,"averageReturn":-1.5,"sample":19},{"week":5,"averageReturn":-2.2,"sample":19},{"week":6,"averageReturn":-2.7,"sample":19},{"week":7,"averageReturn":-2.8,"sample":19},{"week":8,"averageReturn":-3.0,"sample":19},{"week":9,"averageReturn":-3.9,"sample":19},{"week":10,"averageReturn":-4.8,"sample":19},{"week":11,"averageReturn":-5.4,"sample":19},{"week":12,"averageReturn":-6.5,"sample":19},{"week":13,"averageReturn":-7.0,"sample":19},{"week":14,"averageReturn":-8.1,"sample":19},{"week":15,"averageReturn":-8.3,"sample":19},{"week":16,"averageReturn":-8.2,"sample":19},{"week":17,"averageReturn":-9.3,"sample":19},{"week":18,"averageReturn":-10.6,"sample":19},{"week":19,"averageReturn":-10.5,"sample":19},{"week":20,"averageReturn":-11.7,"sample":19},{"week":21,"averageReturn":-11.5,"sample":18},{"week":22,"averageReturn":-12.0,"sample":18},{"week":23,"averageReturn":-12.7,"sample":18},{"week":24,"averageReturn":-13.2,"sample":17},{"week":25,"averageReturn":-13.5,"sample":17},{"week":26,"averageReturn":-13.2,"sample":16}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":83.3,"averageReturn":-5.8,"sample":24},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 83.3% of comparable cases moved lower after 12 weeks, with an average move of -5.8% across 24 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 0.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 3.0 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 3.2% across 19 completed cases, with the largest move arriving after 3.5 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[],"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":[8.5,8.84,8.96,8.85,9.34,9.57,9.2,8.99,9.14,9.15,9.17,9.18,9.38,9.24,8.99,9.18,9.21,9.07,9.02,8.96,8.92,8.93,9.18,9.07,9.08,8.86,8.63,8.59,8.42,8.69,8.72,8.92,8.8,8.2,8.44,8.6,8.38,8.25,8.45,8.39,8.3,8.35,8.19,7.8,8.04,8.25,8.4,8.18,8.22,8.13,8.12,7.95,8.08,8.26,7.97,7.72,7.83,7.92,7.89,7.77,7.79,7.67,7.53,7.18,7.1,7.03,6.95,6.84,6.81,6.63,6.56,6.45,6.36,6.49,6.56,6.69,6.4,6.4,6.4,6.33,6.29,6.28,6.27,6.3,6.21,5.96,6.0,5.94,6.05,6.03,5.91,5.9,5.9,5.8,5.67,5.69,5.78,5.82,5.72,5.69,5.7,5.48,5.54,5.34],"consensus":[-26.7473,30.6036,24.2303,0.0,68.6041,56.353,-14.1195,-20.7542,12.271,0.0,0.0,12.3681,40.1582,0.0,-39.1101,25.6083,0.0,-23.6997,-11.5206,-24.9337,-28.1368,-11.6161,42.7001,-14.799,0.0,-46.0483,-62.3737,-45.9093,-61.97,12.7306,0.0,37.6747,-13.4545,-65.2665,-9.9349,0.0,-48.9712,-38.5351,17.139,-23.3031,-32.1914,0.0,-45.4099,-69.9748,0.0,15.6984,33.1198,-26.6087,13.0246,-23.4107,-12.9658,-46.1503,0.0,34.5025,-46.8953,-59.3753,0.0,0.0,-16.7786,-38.6418,0.0,-48.0542,-54.4221,-72.0056,-59.0089,-55.539,-54.9103,-59.7956,-50.8316,-69.4043,-56.6873,-53.126,-53.9414,-15.4233,-14.1291,12.0943,-58.6281,-25.3029,-32.0892,-39.4465,-20.1845,-26.0618,-17.9363,-8.3533,-49.6975,-67.5805,-25.7618,-43.7677,0.0,-18.1699,-50.6908,-20.8945,-25.1216,-56.6068,-58.8012,-26.4172,0.0,0.0,-39.0399,-31.5116,-17.5625,-67.2329,-19.463,-69.8778],"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":[0.0,34.5228,-48.4018,-65.5985,0.0,0.0,-15.6198,-44.4484,0.0,-50.554,-53.6722,-75.6995,-65.9108,-58.5839,-55.0422,-61.5372,-53.1939,-75.9905,-59.6264,-48.6947,-50.983,-13.6492,-16.2217,0.1352,-68.8107,-26.4629,-36.2689,-38.1422,-14.0667,-27.401,-14.2408,-8.2842,-60.1107,-68.1301,-24.6061,-43.7853,0.0,-28.4264,-54.4277,-23.841,-25.5238,-59.4227,-64.0822,-24.186,0.0,0.0,-58.4411,-45.7327,-17.4868,-76.4788,-16.3884,-77.0947],"force":[0.0,54.0385,-67.1355,-66.6504,0.0,0.0,-10.7954,-54.9069,0.0,-50.7579,-59.3173,-79.5333,-40.109,-36.2624,-38.5664,-48.4738,-27.7624,-60.6902,-36.1398,-39.5048,-38.2795,-34.533,-17.9141,50.567,-81.245,-3.806,-11.6242,-27.8732,-4.4409,-8.3253,-1.8083,-11.7906,-56.5252,-86.7749,-5.5698,-32.2121,0.0,-7.0724,-65.1528,-3.5367,-7.0299,-67.0332,-60.985,-0.8539,0.0,0.0,-39.0638,-19.8329,-0.4308,-72.028,-12.0185,-76.6613],"direction":[0.0,20.525,-30.7163,-47.0667,0.0,0.0,-22.3766,-20.3878,0.0,-43.2662,-51.7825,-62.407,-64.6209,-65.8281,-66.434,-65.8922,-64.6099,-68.1014,-68.0052,-67.9198,-68.5094,-53.1339,-34.6256,1.7186,-30.8358,-39.332,-41.9304,-49.2038,-38.4217,-37.2002,-36.2629,-22.8209,-32.9198,-53.2421,-49.4623,-52.0017,0.0,-14.3751,-36.0901,-29.9254,-37.5847,-45.9411,-51.2058,-48.4465,0.0,0.0,-16.85,-23.6008,-29.886,-53.2412,-45.4636,-56.7847],"intensity":[26.9231,51.9231,80.7692,75.0,53.8462,32.6923,7.6923,23.0769,82.6923,23.0769,50.0,94.2308,88.4615,13.4615,17.3077,19.2308,9.6154,59.6154,44.2308,71.1538,19.2308,65.3846,13.4615,67.3077,88.4615,75.0,7.6923,34.6154,69.2308,50.0,3.8462,3.8462,17.3077,94.2308,19.2308,13.4615,84.6154,50.0,38.4615,44.2308,25.0,30.7692,51.9231,13.4615,34.6154,26.9231,28.8462,19.2308,1.9231,80.7692,17.3077,73.0769],"confirmation":[29.1299,79.6359,83.6004,87.127,31.2856,5.8514,73.2045,80.7726,4.5597,83.4217,85.5757,91.2149,86.2017,85.1386,85.0712,86.763,83.5271,89.8434,85.4689,84.6527,84.829,33.4737,30.0012,28.2582,87.2951,52.7574,77.5812,80.29,51.4058,75.7788,50.9133,27.2422,83.9526,90.2024,53.8281,81.6532,31.947,50.6532,84.6049,51.4457,52.8148,86.389,86.8025,53.1719,6.9269,4.0204,80.1979,77.5111,50.4324,89.5198,30.5462,98.4577],"persistence":[12.5,12.5,37.5,37.5,50.0,37.5,37.5,37.5,37.5,62.5,62.5,62.5,75.0,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,75.0,75.0,75.0,75.0,75.0,75.0],"assessmentRisk":[34.6014,13.1595,8.4988,10.7963,42.6588,45.6302,15.2094,35.5135,12.0606,23.1405,22.1348,13.9226,20.4761,22.2093,22.5301,19.7612,24.0558,15.2615,21.6439,23.4277,23.027,36.463,7.0646,42.0034,46.3945,20.39,28.2509,30.0974,27.5193,26.3326,33.1969,9.6382,7.3518,15.7191,36.2708,27.9799,42.8204,43.9958,14.1433,11.7706,34.7278,21.2329,20.1573,35.8634,40.6642,11.2235,48.4147,15.7558,30.9859,16.3598,38.7744,15.0023],"volumeParticipation":true,"latest":{"consensus":-69.9,"control":-77.1,"force":-76.7,"direction":-56.8,"confirmation":98.5,"persistence":75.0,"assessmentRisk":15.0,"intensity":73.1,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-69.9","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-77.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-76.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-56.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"98/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"22.5","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"3.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"47.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"2%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned downward.","series":[{"label":"Close","values":[8.5,8.84,8.96,8.85,9.34,9.57,9.2,8.99,9.14,9.15,9.17,9.18,9.38,9.24,8.99,9.18,9.21,9.07,9.02,8.96,8.92,8.93,9.18,9.07,9.08,8.86,8.63,8.59,8.42,8.69,8.72,8.92,8.8,8.2,8.44,8.6,8.38,8.25,8.45,8.39,8.3,8.35,8.19,7.8,8.04,8.25,8.4,8.18,8.22,8.13,8.12,7.95,8.08,8.26,7.97,7.72,7.83,7.92,7.89,7.77,7.79,7.67,7.53,7.18,7.1,7.03,6.95,6.84,6.81,6.63,6.56,6.45,6.36,6.49,6.56,6.69,6.4,6.4,6.4,6.33,6.29,6.28,6.27,6.3,6.21,5.96,6.0,5.94,6.05,6.03,5.91,5.9,5.9,5.8,5.67,5.69,5.78,5.82,5.72,5.69,5.7,5.48,5.54,5.34],"stroke":"#10243b","width":2.1},{"label":"Fast 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