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The upward price structure is leading its underlying support.","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, Directional strength and control, Acceleration, deceleration and rollover, 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":224,"displayedObservations":104,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.5,"sample":11},{"week":2,"averageReturn":-4.8,"sample":11},{"week":3,"averageReturn":-4.7,"sample":11},{"week":4,"averageReturn":-7.0,"sample":11},{"week":5,"averageReturn":-5.3,"sample":11},{"week":6,"averageReturn":-1.1,"sample":11},{"week":7,"averageReturn":-1.8,"sample":11},{"week":8,"averageReturn":0.5,"sample":10},{"week":9,"averageReturn":-1.6,"sample":10},{"week":10,"averageReturn":-4.5,"sample":10},{"week":11,"averageReturn":-6.2,"sample":10},{"week":12,"averageReturn":-6.2,"sample":10},{"week":13,"averageReturn":-4.1,"sample":10},{"week":14,"averageReturn":-8.2,"sample":10},{"week":15,"averageReturn":-2.9,"sample":10},{"week":16,"averageReturn":15.7,"sample":10},{"week":17,"averageReturn":26.1,"sample":10},{"week":18,"averageReturn":46.5,"sample":10},{"week":19,"averageReturn":77.7,"sample":10},{"week":20,"averageReturn":94.8,"sample":10},{"week":21,"averageReturn":83.2,"sample":10},{"week":22,"averageReturn":76.0,"sample":10},{"week":23,"averageReturn":98.3,"sample":10},{"week":24,"averageReturn":92.3,"sample":10},{"week":25,"averageReturn":82.9,"sample":10},{"week":26,"averageReturn":86.7,"sample":10}]}},"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":"Price ahead of underlying support","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":42.9,"averageReturn":231.4,"sample":7},"nowContext":{"label":"Slightly 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 is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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":"In this ticker's completed record, 42.9% of comparable cases moved lower after 12 weeks, with an average move of 231.4% across 7 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 1 cases. Distinct visits lasted 129.0 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 26.7% across 7 completed cases, with the largest move arriving after 6.9 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-02-13","price":0.014}],"distribution_rollovers":[{"date":"2026-06-12","price":0.07875}],"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":[0.0077,0.0075,0.0067,0.0067,0.0063,0.0063,0.0053,0.0043,0.0037,0.0037,0.0032,0.0032,0.0032,0.0031,0.0029,0.0029,0.0029,0.0029,0.0029,0.0029,0.0029,0.0029,0.0028,0.0028,0.0027,0.0027,0.0027,0.0026,0.0026,0.0024,0.0024,0.0019,0.0019,0.0017,0.0016,0.0019,0.0017,0.0018,0.0018,0.0018,0.0016,0.0022,0.0028,0.0028,0.0028,0.0028,0.0028,0.0028,0.0028,0.0028,0.0028,0.0028,0.0028,0.0028,0.0028,0.0038,0.0038,0.0034,0.0033,0.0033,0.0034,0.0032,0.0031,0.0031,0.0031,0.0031,0.0026,0.0026,0.0026,0.0026,0.0026,0.0026,0.0026,0.0024,0.0045,0.0075,0.0092,0.014,0.02,0.025,0.0215,0.0215,0.0295,0.028,0.0255,0.0266,0.03,0.0295,0.026,0.0375,0.0762,0.07,0.0938,0.0838,0.0788,0.0762,0.0663,0.061,0.06,0.06,0.0575,0.054,0.06,0.0725],"consensus":[-10.3074,-32.2995,-45.8923,-26.3831,-47.857,-18.5785,-69.1531,-69.5125,-65.7627,-37.3563,-64.8226,-34.9657,-30.8496,-44.474,-41.8997,-21.0651,-27.4677,-22.0333,-20.7273,-17.0298,-15.3756,-12.1072,-15.0725,-9.2643,-14.7648,-23.4466,0.0,-34.626,-8.3762,-45.4603,-13.066,-66.9046,-30.4341,-47.5192,-49.6908,14.6715,-56.8147,0.0,-18.578,-15.6037,-40.7465,59.3867,72.8269,37.3971,47.4033,35.2517,23.7796,24.3335,29.3032,16.8773,14.6132,22.8624,21.2937,10.3573,14.2298,65.7476,37.7094,0.0,9.4302,0.0,14.6611,-16.6656,-17.5939,0.0,0.0,0.0,-59.7545,-26.818,-17.281,-23.9089,0.0,0.0,-10.1012,-39.8144,73.0202,80.9393,79.1361,89.4287,95.0297,90.4842,16.211,45.1851,77.5743,28.3536,13.1028,48.6521,50.3718,25.1546,0.0,72.4044,83.1132,25.6258,80.3836,18.7046,25.987,28.5673,-11.2133,-21.2423,0.0,-9.434,-21.693,-26.2112,22.8666,49.1451],"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":[26.7053,9.0188,16.4679,51.4114,31.8746,0.0,0.2031,0.0,25.761,-8.9583,-12.4802,0.0,0.0,0.0,-52.8244,-20.5751,-3.6313,-16.071,0.0,0.0,-9.0323,-34.3099,63.7561,76.4922,73.4093,89.4372,97.4006,88.1805,8.5362,38.3984,70.7295,22.123,3.2908,44.8214,51.4878,21.3409,0.0,64.0135,80.1587,22.3074,77.7182,7.712,25.4103,26.1539,-8.2582,-20.5479,0.0,-0.4295,-17.4878,-22.3364,33.1846,39.7457],"force":[11.6,0.2974,6.96,90.4582,10.191,0.0,14.1668,0.0,11.6949,-46.6819,-34.1984,0.0,0.0,0.0,-86.0187,-7.1663,-2.6438,-6.941,0.0,0.0,-3.8667,-52.9655,99.0031,93.5366,87.4855,96.8032,99.925,94.8339,62.2406,11.9335,86.6477,20.3811,34.9175,30.0182,47.4856,6.7747,0.0,95.9113,94.2514,37.8871,87.0164,37.4232,8.1644,1.2692,-38.8082,-35.708,0.0,-10.7139,-26.9317,-25.8022,41.4527,79.2019],"direction":[22.033,19.0727,16.8646,64.4814,64.0338,0.0,37.2949,0.0,4.0942,-4.0336,-11.5777,0.0,0.0,0.0,-48.9145,-47.9896,-47.1125,-44.9863,0.0,0.0,-21.2998,-36.7116,65.0485,77.0237,79.7172,84.1516,88.8236,90.0099,81.0191,76.6924,78.9161,70.2847,66.1386,66.34,51.1581,52.3197,0.0,65.2035,78.534,74.7845,78.692,71.3587,51.0399,52.6371,-5.12,-11.7034,0.0,-18.8106,-22.757,-30.9318,2.2012,38.4182],"intensity":[3.8462,51.9231,42.3077,100.0,96.1538,76.9231,65.3846,50.0,19.2308,59.6154,51.9231,63.4615,5.7692,7.6923,90.3846,82.6923,50.0,44.2308,44.2308,9.6154,38.4615,50.0,100.0,100.0,98.0769,100.0,100.0,100.0,92.3077,86.5385,100.0,94.2308,84.6154,76.9231,98.0769,84.6154,86.5385,100.0,100.0,98.0769,98.0769,90.3846,96.1538,80.7692,88.4615,78.8462,84.6154,65.3846,55.7692,80.7692,75.0,96.1538],"confirmation":[74.4361,48.3615,49.6312,90.0108,79.3173,12.1058,5.5109,25.2877,49.7653,51.6985,74.214,3.0803,3.2524,25.6486,88.0275,53.4113,28.3613,52.5865,4.0737,3.8343,48.9812,81.2253,92.2995,94.3523,93.6653,96.8418,98.5226,97.1226,38.8582,81.5493,93.2046,34.6975,11.1303,83.0592,84.014,53.9131,32.1366,92.0137,94.9807,37.0644,93.9655,12.426,31.6922,53.8731,50.8999,75.249,3.3847,48.5284,75.1655,76.4342,53.5294,44.64],"persistence":[100.0,100.0,100.0,100.0,100.0,87.5,87.5,75.0,75.0,50.0,25.0,12.5,0.0,0.0,25.0,37.5,62.5,62.5,50.0,50.0,62.5,75.0,50.0,25.0,0.0,25.0,37.5,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,50.0,37.5,12.5,12.5,37.5,37.5,37.5],"assessmentRisk":[10.6468,5.1786,7.1149,17.0712,31.0903,48.4267,42.0497,49.5172,52.8537,25.898,20.3133,29.7305,34.1953,17.6551,15.4624,31.9307,41.1905,37.8766,3.2211,2.6156,5.0506,20.0787,13.3493,9.5266,10.4317,5.2856,2.4851,4.7579,41.8877,27.1285,11.0187,22.8887,35.143,21.3286,17.5985,8.4619,9.6624,13.0082,8.4248,37.1173,9.8065,40.5742,3.5172,7.8998,42.6956,35.93,43.7393,36.7516,17.2871,10.3678,11.4333,19.4316],"volumeParticipation":true,"latest":{"consensus":49.1,"control":39.7,"force":79.2,"direction":38.4,"confirmation":44.6,"persistence":37.5,"assessmentRisk":19.4,"intensity":96.2,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+49.1","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+39.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+79.2","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+38.4","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":"64.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"16.4%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"54.7","detail":"Directional","tone":"positive"},{"label":"Range position","value":"64%","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 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