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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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":4,"completedEpisodes":2,"activeEpisodes":2,"medianExpectedMove":31.9,"averageExpectedMove":31.9,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":4,"expectedCount":3,"expectedPercent":75.0,"averageReturn":11.2,"medianReturn":3.0,"confidenceLow":30.1,"confidenceHigh":95.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":20.0,"medianReturn":20.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":5.0,"sample":4},{"week":2,"averageReturn":11.0,"sample":4},{"week":3,"averageReturn":2.6,"sample":4},{"week":4,"averageReturn":11.2,"sample":4},{"week":5,"averageReturn":6.9,"sample":4},{"week":6,"averageReturn":2.9,"sample":4},{"week":7,"averageReturn":8.7,"sample":4},{"week":8,"averageReturn":12.9,"sample":4},{"week":9,"averageReturn":6.1,"sample":3},{"week":10,"averageReturn":12.1,"sample":3},{"week":11,"averageReturn":10.4,"sample":3},{"week":12,"averageReturn":20.0,"sample":2},{"week":13,"averageReturn":15.8,"sample":2},{"week":14,"averageReturn":10.4,"sample":2},{"week":15,"averageReturn":5.3,"sample":1},{"week":16,"averageReturn":6.0,"sample":1},{"week":17,"averageReturn":-3.6,"sample":1},{"week":18,"averageReturn":8.6,"sample":1},{"week":19,"averageReturn":10.1,"sample":1},{"week":20,"averageReturn":36.5,"sample":1},{"week":21,"averageReturn":29.2,"sample":1},{"week":22,"averageReturn":55.8,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":49.8,"averageExpectedMove":49.8,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-46.7,"medianReturn":-46.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-32.1,"medianReturn":-32.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-31.9,"sample":1},{"week":2,"averageReturn":-38.0,"sample":1},{"week":3,"averageReturn":-49.8,"sample":1},{"week":4,"averageReturn":-46.7,"sample":1},{"week":5,"averageReturn":-39.2,"sample":1},{"week":6,"averageReturn":-28.5,"sample":1},{"week":7,"averageReturn":-23.3,"sample":1},{"week":8,"averageReturn":-31.9,"sample":1},{"week":9,"averageReturn":-37.3,"sample":1},{"week":10,"averageReturn":-27.0,"sample":1},{"week":11,"averageReturn":-32.2,"sample":1},{"week":12,"averageReturn":-32.1,"sample":1},{"week":13,"averageReturn":-24.7,"sample":1},{"week":14,"averageReturn":-38.8,"sample":1},{"week":15,"averageReturn":-30.2,"sample":1},{"week":16,"averageReturn":-31.8,"sample":1},{"week":17,"averageReturn":-47.0,"sample":1},{"week":18,"averageReturn":-47.1,"sample":1},{"week":19,"averageReturn":-46.8,"sample":1},{"week":20,"averageReturn":-51.6,"sample":1},{"week":21,"averageReturn":-45.5,"sample":1},{"week":22,"averageReturn":-44.7,"sample":1},{"week":23,"averageReturn":-31.5,"sample":1},{"week":24,"averageReturn":-35.1,"sample":1},{"week":25,"averageReturn":-21.8,"sample":1},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","zone":"middle","zoneContext":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-02-27","price":25.2452}],"reversal_dangers":[{"date":"2026-03-06","price":17.1988}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[22.06,25.2452,17.1988,15.6521,12.6759,13.4556,15.35,18.05,19.36,17.1861,15.8317,18.43,17.12,17.13,19.02,15.46,17.62,17.2275,13.37,13.35,13.433,12.22,13.77,13.95,17.3021,16.3735,19.7471],"consensus":[100.0,46.8446,-95.0661,-57.4617,-77.7377,-46.6219,-12.2594,33.2342,37.7644,-22.3324,-29.9345,38.1825,-35.478,0.0,37.445,-56.2467,28.2122,-16.2624,-63.2555,-29.2207,-25.2266,-45.7267,0.0,0.0,51.6317,0.0,64.7047],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,-42.7939,-1.6032,31.0678,26.707,-37.3305,-38.3387,36.6319,-25.7037,0.0,32.592,-45.9219,27.0732,-24.0637,-60.4567,-31.48,-19.9927,-46.8427,0.0,0.0,49.2582,0.0,59.4824],"force":[100.0,46.8446,-95.0661,-57.4617,-48.6608,-14.8949,-17.4254,63.9105,53.4332,-39.3494,-25.0915,80.0863,-64.5445,0.0,47.8787,-88.7876,63.6617,-24.4323,-90.1255,-11.43,-8.8852,-39.5618,0.0,0.0,75.4667,0.0,89.0947],"direction":[null,null,null,null,-98.5068,-73.659,-49.3058,13.7983,39.2095,-6.9632,-23.789,10.0234,-25.8869,0.0,35.5387,-44.8031,4.1928,-1.511,-47.2612,-39.3463,-42.8806,-48.8547,0.0,0.0,37.3194,0.0,53.2517],"intensity":[null,null,null,null,25.0,20.0,33.3333,42.8571,50.0,33.3333,40.0,45.4545,83.3333,92.3077,35.7143,66.6667,68.75,47.0588,72.2222,36.8421,5.0,9.5238,18.1818,4.3478,66.6667,52.0,69.2308],"confirmation":[54.6667,37.657,53.0878,41.0544,68.8802,82.0104,7.289,79.6028,80.7306,54.2553,77.3034,81.5191,80.3877,24.842,80.3743,87.148,55.4589,50.6674,89.1033,76.774,75.6542,82.4276,5.4108,2.2877,85.2847,29.444,55.0],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,25.0,25.0,50.0,50.0,25.0,25.0,12.5,12.5,12.5,12.5,12.5,12.5,37.5,37.5,50.0,62.5,50.0,50.0,37.5,12.5],"assessmentRisk":[null,null,null,null,10.2186,26.4898,16.881,11.959,28.9533,51.3912,22.451,13.1505,13.4788,0.987,21.7052,16.5363,2.4576,10.6739,17.7724,23.1474,35.946,26.5789,7.9292,15.3191,22.0858,48.5673,17.2149],"volumeParticipation":true,"latest":{"consensus":64.7,"control":59.5,"force":89.1,"direction":53.3,"confirmation":55.0,"persistence":12.5,"assessmentRisk":17.2,"intensity":69.2,"evidenceDepth":100},"analysis":{"status":"Completed tape has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Completed tape","direction":"upward","disagreement":false},"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":"+64.7","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+59.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+89.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+53.3","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"66.9","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"15.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"16.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"54%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[22.06,25.2452,17.1988,15.6521,12.6759,13.4556,15.35,18.05,19.36,17.1861,15.8317,18.43,17.12,17.13,19.02,15.46,17.62,17.2275,13.37,13.35,13.433,12.22,13.77,13.95,17.3021,16.3735,19.7471],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,19.1261,18.0951,17.596,17.6785,17.9842,17.8391,17.4741,17.6479,17.5519,17.4752,17.7561,17.3386,17.3898,17.3603,16.6348,16.0375,15.564,14.956,14.7404,14.5967,15.0886,15.3222,16.1267],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,19.0501,18.9079,18.9162,18.6602,18.5831,18.4827,18.104,17.7518,17.4319,17.0458,16.8032,16.5918,16.6445,16.6244,16.8557],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,24.8965,24.4713,24.275,23.9823,23.7228,23.6624,23.4258,23.2578,23.0826,23.0122,22.9206,22.2121,20.2742,20.1638,20.1514,20.2073,20.2017,20.7022],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,10.3502,10.4497,10.8076,11.0355,11.2408,11.5064,11.4774,11.6651,11.8144,11.4555,11.1587,11.0045,11.6398,11.4074,11.2496,11.6563,11.9537,11.8929],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-31.873,-37.9997,-49.7889,-46.7004,-39.1964,-28.5013,-23.3122,-31.9233,-37.2883,-26.996,-32.1851,-32.1455,-24.6589,-38.7606,-30.2046,-31.7593,-47.0394,-47.1187,-46.7899,-51.5948,-45.455,-44.742,-31.4638,-35.1421,-21.7788],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,42.3962,52.7308,35.5809,24.8961,45.394,35.0594,35.1383,50.0485,21.9637,39.0039,35.9075,5.4757,5.318,5.9728,0.0,12.6841,14.1571,41.5884,33.9894,61.5966],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,79.9419,156.3257,82.9906,54.7488,160.4613,367.5473,120.9473,84.5099,158.3493,138.6155,60.3362,241.5576,99.457,69.1349,57.5512,62.2492,38.7925,72.698,78.7972,145.6049],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,128.7505,135.0,126.0459,120.3947,135.0,87.3154,103.2638,114.2855,92.7979,112.0728,103.8742,68.2488,65.0,72.9349,66.3348,73.4265,77.7703,86.028,77.3913,94.1951],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"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 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