{"schema_version":"1.0","name":"MDLN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"7339f842-d5b6-494a-b6ee-59cce2c49b92","symbol":"MDLN","name":"Medline Inc. Class A Common Stock","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Healthcare","industry":"Medical Instruments & Supplies"},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Drawdown and recovery pressure, Range position and boundary pressure, Acceleration, deceleration and rollover, Range pressure and compression, Activity pressure and cumulative balance."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":36,"displayedObservations":36,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Price structure and the underlying tape currently reinforce the same downside read.","evidenceAlignment":{"status":"Evidence aligned downward","headline":"Downward price structure is confirmed by Market Dynamics","summary":"Price structure and the underlying tape currently reinforce the same downside read.","take":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","tone":"negative","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[-0.146351,-0.23562,-0.250886,-0.247699,-0.272512,-0.243108,-0.22883,-0.242994],"opens":[38.87,42.99,41.3,39.99,39.0,39.5,34.84,35.27],"highs":[43.22,43.635,41.99,40.195,41.27,42.185,36.235,35.6299],"lows":[38.55,40.01,37.65,36.605,38.02,34.03,33.1,32.485],"closes":[43.19,41.04,39.79,38.75,39.28,35.23,35.74,34.26],"hoverRows":[[{"label":"Open","value":"38.9","className":"is-ohlc","compact":true},{"label":"High","value":"43.2","className":"is-ohlc","compact":true},{"label":"Low","value":"38.5","className":"is-ohlc","compact":true},{"label":"Close","value":"43.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.15","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"43.0","className":"is-ohlc","compact":true},{"label":"High","value":"43.6","className":"is-ohlc","compact":true},{"label":"Low","value":"40.0","className":"is-ohlc","compact":true},{"label":"Close","value":"41.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.24","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"41.3","className":"is-ohlc","compact":true},{"label":"High","value":"42.0","className":"is-ohlc","compact":true},{"label":"Low","value":"37.6","className":"is-ohlc","compact":true},{"label":"Close","value":"39.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.25","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"40.0","className":"is-ohlc","compact":true},{"label":"High","value":"40.2","className":"is-ohlc","compact":true},{"label":"Low","value":"36.6","className":"is-ohlc","compact":true},{"label":"Close","value":"38.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.25","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"39.0","className":"is-ohlc","compact":true},{"label":"High","value":"41.3","className":"is-ohlc","compact":true},{"label":"Low","value":"38.0","className":"is-ohlc","compact":true},{"label":"Close","value":"39.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.27","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"39.5","className":"is-ohlc","compact":true},{"label":"High","value":"42.2","className":"is-ohlc","compact":true},{"label":"Low","value":"34.0","className":"is-ohlc","compact":true},{"label":"Close","value":"35.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.24","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.8","className":"is-ohlc","compact":true},{"label":"High","value":"36.2","className":"is-ohlc","compact":true},{"label":"Low","value":"33.1","className":"is-ohlc","compact":true},{"label":"Close","value":"35.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.23","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"35.3","className":"is-ohlc","compact":true},{"label":"High","value":"35.6","className":"is-ohlc","compact":true},{"label":"Low","value":"32.5","className":"is-ohlc","compact":true},{"label":"Close","value":"34.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.24","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[33.7242,43.7258],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.242994,"state":"Negative and broadly steady","context":{"scenario":"negativeSteady","latestDirection":"slight easing","fourWeekDirection":"steady","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Accumulation pressure","detail":"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.","tone":"negative"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"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.","annotations":[{"label":"Current tape relationship","value":"Accumulation pressure","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"The broader path has not changed enough to establish a new direction.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":24,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[41.65,44.13,40.62,40.52,44.12,46.0,44.2,47.3,44.55,49.8,47.51,43.83,41.46,42.73,41.36,44.28,45.6,47.64,44.76,44.75,39.52,36.19,37.01,36.56,33.61,36.61,35.94,38.87,43.19,41.04,39.79,38.75,39.28,35.23,35.74,34.26],"consensus":[50.0555,44.1955,-67.2979,0.0,28.1214,27.1308,0.0,40.5126,-11.0599,49.1668,0.0,-35.2908,-34.4639,-8.4212,-35.1735,24.2556,25.0572,35.1549,-12.6679,0.0,-57.7176,-61.4095,-21.579,-32.8755,-60.9927,12.2426,-28.781,26.6755,56.237,0.0,0.0,-10.4885,0.0,-52.904,-10.2906,-32.5956],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,32.3495,0.0,39.3135,-16.8136,53.3031,0.0,-27.0129,-32.7581,-0.9751,-32.8663,25.2941,24.3287,34.9968,-21.6497,0.0,-52.656,-63.8565,-17.2706,-25.4563,-56.5118,11.8743,-31.6037,27.8311,55.0149,0.0,0.0,-11.8804,0.0,-44.623,-1.1311,-28.7405],"force":[50.0555,44.1955,-67.2979,0.0,27.8641,20.302,0.0,39.4204,-28.4573,49.9637,0.0,-70.6272,-41.0906,-12.7769,-33.9918,47.7171,30.8061,38.2488,-33.7418,0.0,-87.8221,-67.4313,-11.2275,-19.8511,-75.7182,62.9746,-21.303,56.1437,79.0172,0.0,0.0,-12.8774,0.0,-82.272,-9.3217,-26.5163],"direction":[null,null,null,null,28.3052,26.0442,0.0,42.6632,-7.9424,43.8703,0.0,-19.5108,-31.68,-32.0725,-38.6545,6.3104,21.7833,33.1256,-12.6497,0.0,-41.9993,-54.3117,-49.936,-50.6578,-55.5956,23.5736,-30.8965,4.3061,41.3622,0.0,0.0,-7.1913,0.0,-41.3908,-34.7674,-41.3437],"intensity":[null,null,null,null,75.0,40.0,33.3333,57.1429,50.0,88.8889,50.0,81.8182,75.0,7.6923,14.2857,53.3333,12.5,58.8235,44.4444,84.2105,90.0,95.2381,22.7273,4.3478,54.1667,60.0,34.6154,51.8519,82.1429,27.5862,33.3333,22.5806,15.625,81.8182,100.0,17.1429],"confirmation":[38.6844,36.8092,44.202,1.6721,54.3204,76.3942,26.171,80.949,51.0094,83.6946,29.9229,80.4961,79.2564,4.888,79.2547,53.7943,76.2046,79.3463,29.9244,1.8328,87.4642,87.7973,31.033,78.2363,88.0347,33.1651,76.939,54.75,86.7087,29.132,26.3246,48.7412,24.9988,85.9505,4.8235,86.3041],"persistence":[null,null,33.3333,25.0,40.0,50.0,42.8571,50.0,25.0,25.0,37.5,25.0,0.0,25.0,37.5,37.5,12.5,12.5,25.0,12.5,12.5,12.5,12.5,37.5,62.5,62.5,62.5,50.0,25.0,12.5,0.0,0.0,12.5,12.5,12.5,37.5],"assessmentRisk":[null,null,null,null,21.8318,18.1537,42.9858,29.3177,13.7056,18.6479,41.1985,23.133,21.5257,45.0399,31.1347,4.0805,32.6183,29.9475,48.5401,5.7069,19.6787,19.2554,39.0383,33.4508,18.8533,2.1918,6.0994,22.1413,21.7856,47.271,45.3648,2.9553,41.4626,22.6352,41.8633,31.5799],"volumeParticipation":true,"latest":{"consensus":-32.6,"control":-28.7,"force":-26.5,"direction":-41.3,"confirmation":86.3,"persistence":37.5,"assessmentRisk":31.6,"intensity":17.1,"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":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-32.6","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-28.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-26.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-41.3","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"86/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"44.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"12.9%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"16.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"10%","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":[41.65,44.13,40.62,40.52,44.12,46.0,44.2,47.3,44.55,49.8,47.51,43.83,41.46,42.73,41.36,44.28,45.6,47.64,44.76,44.75,39.52,36.19,37.01,36.56,33.61,36.61,35.94,38.87,43.19,41.04,39.79,38.75,39.28,35.23,35.74,34.26],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,42.0526,42.7703,43.0302,43.8066,43.9417,45.0069,45.462,45.1653,44.4916,44.1713,43.6601,43.7728,44.1051,44.7478,44.75,44.75,43.7991,42.4156,41.4328,40.5468,39.2856,38.7991,38.2793,38.3867,39.26,39.5836,39.6212,39.4628,39.4295,38.666,38.134,37.4296],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,43.487,43.431,43.2776,43.3518,43.5183,43.8237,43.893,43.9565,43.6279,43.0769,42.6275,42.1781,41.5434,41.178,40.79,40.6477,40.8361,40.8512,40.7726,40.6227,40.5233,40.1312,39.8059,39.3951],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,49.8433,50.1921,49.9067,49.7107,49.4632,49.2854,49.1375,49.1345,49.4514,49.3426,49.2406,49.446,50.1198,50.4826,50.8438,51.4623,51.2943,51.2813,50.6295,50.4925,49.2151,48.2923,47.9463,47.8407,47.7043,47.6119,47.1608],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,38.7347,38.9715,39.1317,38.857,38.8825,38.6852,38.87,39.0608,39.1375,39.2953,39.4404,39.022,37.5542,36.8304,36.0732,34.4037,33.6327,32.8197,32.6285,32.6295,33.0309,33.1817,33.0197,32.9073,32.2937,31.8241,31.2732],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","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,-7.9538,-8.1804,-0.0227,0.0,-3.913,0.0,-5.814,0.0,-4.5984,-11.988,-16.747,-14.1968,-16.9478,-11.0843,-8.4337,-4.3373,-10.1205,-10.1406,-20.6426,-27.3293,-25.6827,-26.5863,-32.51,-26.4859,-27.8313,-21.9478,-13.2731,-17.5904,-20.1004,-22.1888,-21.1245,-29.257,-28.2329,-31.2048],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,16.7325,9.9457,22.9023,17.2507,8.1688,2.3198,5.4541,2.0731,9.2794,12.537,17.5716,10.464,10.4393,0.0,0.0,2.2658,1.0224,0.0,8.9259,6.9325,15.6501,28.5034,22.1065,18.3874,15.2931,16.87,4.82,6.3374,1.9339],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,94.7328,73.7405,98.3509,78.9431,55.9232,41.0979,49.0423,40.4724,58.7382,66.9953,79.7563,61.7408,61.6782,28.9625,8.132,13.2614,10.4465,4.4017,21.0119,17.3023,33.5249,57.4436,45.5396,38.6187,32.8605,35.795,13.3712,16.1949,9.6514],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-1.4378,-7.1682,-0.4995,-6.6165,-13.8497,-18.5081,-16.0118,-18.7046,-12.9652,-10.3707,-6.3609,-12.0217,-12.0414,-22.3212,-28.8665,-27.2548,-28.1393,-33.9377,-28.041,-29.3579,-23.5989,-15.1077,-19.3336,-21.7905,-23.8347,-22.793,-30.7535,-29.751,-32.6601],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,35.5689,27.687,42.7343,36.1708,25.6234,18.8306,22.4706,18.544,26.9132,30.6965,36.5434,28.2889,28.2602,13.2703,3.726,6.0762,4.7865,2.4227,11.5648,9.5231,18.4519,31.6166,25.0648,21.2555,18.0862,19.7014,7.3594,8.9136,5.4641],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","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 direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.8723,0.6777,0.4082,0.4254,0.5393,0.7851,0.739,0.6937,0.2331,-0.3961,-0.8192,-1.1771,-1.6795,-1.8147,-1.9534,-1.806,-1.3253,-1.1052,-1.0198,-1.0243,-0.9738,-1.2462,-1.4048,-1.6311],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.6549,0.6809,0.6925,0.6928,0.6008,0.4014,0.1573,-0.1096,-0.4236,-0.7018,-0.9521,-1.1229,-1.1634,-1.1517,-1.1253,-1.1051,-1.0789,-1.1123,-1.1708,-1.2629],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.1156,0.1042,0.0465,0.0009,-0.3678,-0.7976,-0.9765,-1.0676,-1.256,-1.1129,-1.0013,-0.6831,-0.162,0.0466,0.1055,0.0809,0.1051,-0.1339,-0.234,-0.3682],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,14.0173,13.8686,12.6764,12.0443,11.1931,11.9456,11.5011,13.2803,14.2303,13.4807,13.0695,13.997,12.8199,12.627,11.6681,10.5233,10.9145,11.2324,11.3717,11.008,13.0502,12.5717,12.8566],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,25.0821,25.1686,24.2031,24.5093,23.9528,24.0993,23.3333,22.8439,23.2847,22.6705,22.102,23.5656,28.6644,31.2717,33.9879,39.7332,41.5922,43.9035,43.2415,42.9802,39.3556,37.0932,36.8714,36.9878,38.5275,39.7496,40.5123],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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","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,43.1998,37.395,27.4868,62.6397,224.532,85.8334,144.8036,76.4857,115.9665,84.6322,83.4961,77.1155,65.7566,178.4867,126.2988,277.0318,223.4004,193.9918,134.7071,128.2851,97.4263,114.793,65.8211,62.2439,67.9477,57.5477,146.6846,83.918,74.9133],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,109.5497,101.6407,107.0206,95.2019,65.0,65.0,80.6299,72.5105,84.9534,93.9478,102.7362,94.7213,88.008,71.6142,65.0,89.0023,68.3158,65.0,74.8069,65.068,72.6919,82.0775,76.5676,71.3035,65.8581,70.4465,65.0,70.8087,65.6687],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]}]},"canonical_url":"https://sharemaestro.com/terminal/7339f842-d5b6-494a-b6ee-59cce2c49b92/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/7339f842-d5b6-494a-b6ee-59cce2c49b92/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/7339f842-d5b6-494a-b6ee-59cce2c49b92/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/7339f842-d5b6-494a-b6ee-59cce2c49b92/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/7339f842-d5b6-494a-b6ee-59cce2c49b92/technical-pack/data.json"},"source_fingerprint":"d3010bdb75de314eef5efab71226aed0886f311b117be10df88feccc7a241094","content_hash":"3695083848419b2cf5615ce43ad1fb5290d1b4a71a50cedc5154d9284c2637cb","citation":"Sharemaestro, MDLN Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/7339f842-d5b6-494a-b6ee-59cce2c49b92/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."}