{"schema_version":"1.0","name":"WBC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"7af32098-a412-437c-aef3-93eceadf4d97","symbol":"WBC","name":"Westpac Banking Corporation","exchange":"NZE","country":"NZ","asset_type":"equity","currency":"NZD","sector":"Financial Services","industry":"Banks - Diversified"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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, Range position and boundary pressure, Drawdown and recovery pressure, Directional strength and control, 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":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"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":[1.157304,1.241638,1.627407,1.809865,1.945529,1.758811,1.238011,0.725621,0.332775,0.138737,0.117261,0.217034,0.220804,0.444526,0.617653,0.585856,0.368196,-0.135115,-0.462477,-0.799845,-0.768612,-0.704442,-0.619065,-0.352608,-0.239436,0.115051,-0.083632,-0.393626,-0.826164,-1.361635,-1.296895,-1.230295,-1.206614,-1.232425,-1.306933,-1.337354,-1.042456,-0.814881,-0.550311,-0.388737,-0.277807,0.074198,0.355845,0.812865,1.025389,0.99878,0.961654,1.010681,0.878973,0.788968,0.727814,0.812026,1.186542,1.528969,1.862105,1.819181,1.734813,1.664382,1.645192,1.660987,1.454834,1.26766,1.034712,0.966186,0.990142,0.653454,0.287334,-0.284552,-0.556431,-0.449825,-0.412394,-0.290528,-0.458876,-0.383807,-0.326936,-0.26816,0.038084,0.219408,0.689761,1.128066,1.182495,1.17703,1.037463,0.754123,0.566779,0.660287,0.310088,-0.059723,-0.240618,-0.742097,-0.959838,-1.065159,-1.213477,-1.378524,-1.440544,-1.461167,-1.478784,-1.419586,-1.203963,-1.016832,-0.78745,-0.421322,-0.176232,-0.00031],"opens":[30.172746,30.089422,31.144867,32.042917,31.691103,33.32982,32.033661,30.561587,31.570744,33.255748,32.774327,32.403991,33.565975,33.679499,35.751355,34.739081,34.322815,33.594351,33.017264,34.057918,33.603819,34.578251,33.897095,34.805303,34.899912,35.685135,36.564966,33.272694,33.49029,31.692789,31.929299,31.787389,32.23204,31.219761,30.406155,31.777932,31.976605,34.720159,32.844963,33.580442,32.690126,33.473994,34.422378,34.257861,35.322372,35.757849,35.322369,35.632045,36.135267,34.886889,35.322371,35.632047,39.086861,41.419108,40.94492,41.215881,41.515885,41.777166,41.612653,43.064259,43.064259,42.290072,42.406197,42.783614,44.285419,43.911451,42.661621,42.120353,42.543524,43.498125,43.448919,44.088593,44.482245,43.399711,44.767639,44.423195,44.265736,45.761599,46.745722,49.206021,49.875222,47.670792,48.221901,49.009196,47.926666,47.828251,51.321881,47.552701,46.735882,46.962227,45.310001,43.720001,44.700001,42.349998,42.200001,42.610001,43.900002,43.049999,43.400002,43.849998,44.0,44.619999,45.439999,45.509998],"highs":[31.061539,31.339289,32.218825,32.635444,33.950123,34.246391,32.181794,32.403992,33.37611,33.403884,33.052075,33.717342,34.341736,35.713512,35.751355,35.354013,34.322815,34.41742,34.266053,34.247131,35.145882,34.625553,34.710698,35.410778,35.741897,37.123135,36.564966,33.499748,33.584894,32.430709,32.071208,33.461905,33.575436,32.165812,32.071212,32.487472,34.43634,35.003975,33.66754,33.793341,33.396575,34.886887,35.419139,35.264306,36.464296,35.806235,35.903008,36.328814,36.135267,35.796561,36.019143,39.144928,41.854591,41.961041,41.854591,41.56427,42.38684,42.677162,43.170711,43.935223,44.031998,43.238452,44.022319,45.531985,45.978108,44.373989,43.301297,42.878127,43.793358,44.452719,44.728275,44.501926,44.77748,45.12192,44.767639,44.669224,45.997791,48.664757,49.324113,50.406651,49.875222,49.087927,49.579986,49.009196,47.926666,51.518703,51.321881,47.975869,46.83429,47.720001,45.5,44.880001,45.029999,42.84,42.450001,42.759998,43.900002,43.389999,44.349998,44.43,44.689999,46.279999,46.68,45.59],"lows":[29.978323,29.99684,30.737504,31.459644,31.691103,32.107723,30.552334,30.561587,31.524454,32.542867,31.848494,32.31141,32.733444,33.490292,34.152525,34.057926,33.187549,32.894276,32.941578,33.499748,33.603819,32.903736,33.698421,33.982234,34.14307,35.003976,32.260419,32.260418,31.692787,30.652129,30.888642,31.787389,32.023902,29.261431,30.406155,31.219761,31.976605,31.780455,32.544968,32.690128,32.544968,33.473994,34.422378,34.093346,34.257863,34.819147,34.644953,35.148179,34.325605,34.567535,35.051407,35.62237,38.612676,40.402985,39.9675,40.209436,41.225561,41.109431,41.612653,42.657813,41.864264,42.290072,42.009425,42.396522,43.79336,42.051464,42.267975,41.490517,42.533688,42.327017,43.448919,43.596534,42.917491,43.29146,43.252092,43.616218,43.596534,45.102242,46.16509,48.743483,47.631429,45.673029,48.123491,46.450484,45.426999,47.828251,47.237781,46.25366,45.761598,44.777481,42.310001,43.369999,43.130001,42.0,42.080002,42.369999,42.529999,43.049999,43.0,43.380001,43.25,44.43,44.84,41.990002],"closes":[30.107937,31.339289,32.042919,32.209564,33.653858,32.107723,30.552334,31.570742,33.37611,32.959488,32.329922,33.717342,34.294434,35.66621,34.720161,34.530952,33.594349,32.894276,34.247131,33.594349,34.114685,33.613274,34.625553,34.956673,35.713516,36.423058,32.402328,33.499748,31.692787,31.664406,31.740089,32.232037,32.042824,30.406155,31.569801,31.976603,34.341732,32.844963,33.193348,32.690128,33.37722,34.403019,34.577213,35.215919,35.535271,35.177208,35.632046,36.154621,34.886887,35.080437,35.632046,39.144928,41.467495,41.293301,41.090076,41.515884,41.951359,41.893299,43.035229,43.073936,42.319103,42.396523,42.338455,44.019707,43.911453,42.366383,42.267975,42.543526,43.793358,43.753994,43.793358,44.501926,43.458759,45.003826,44.236214,44.492085,45.948582,46.844131,49.20602,49.914589,47.729839,48.733643,49.402847,47.749523,47.434605,51.518703,47.533016,46.735882,46.83429,45.299999,43.720001,44.880001,43.549999,42.060001,42.080002,42.720001,43.099998,43.389999,44.0,43.860001,44.619999,45.610001,45.580002,42.759998],"pressureRange":[-2.396582,2.396582],"priceRange":[19.723207,51.518703],"zones":{"accumulationBoundary":0.187054,"distributionBoundary":0.812946},"latest":-0.00031,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.37,"forwardCorrelation":-0.0,"directionalAgreement":48.8,"sample":254,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":17.5,"medianWeeksInZone":17.5,"averageWeeksToHigher":1.5,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"medianReturn":-0.4,"averageReturn":-0.4,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":3.5,"averageReturn":3.5,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":24.1,"averageReturn":24.1,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.0,"sample":2},{"week":2,"averageReturn":-0.8,"sample":2},{"week":3,"averageReturn":1.2,"sample":2},{"week":4,"averageReturn":-0.4,"sample":2},{"week":5,"averageReturn":-2.4,"sample":2},{"week":6,"averageReturn":-0.8,"sample":2},{"week":7,"averageReturn":0.6,"sample":2},{"week":8,"averageReturn":3.0,"sample":2},{"week":9,"averageReturn":2.0,"sample":2},{"week":10,"averageReturn":2.2,"sample":2},{"week":11,"averageReturn":1.6,"sample":2},{"week":12,"averageReturn":3.5,"sample":2},{"week":13,"averageReturn":4.5,"sample":2},{"week":14,"averageReturn":4.9,"sample":2},{"week":15,"averageReturn":5.9,"sample":2},{"week":16,"averageReturn":8.4,"sample":2},{"week":17,"averageReturn":10.8,"sample":2},{"week":18,"averageReturn":12.1,"sample":2},{"week":19,"averageReturn":12.3,"sample":2},{"week":20,"averageReturn":11.6,"sample":2},{"week":21,"averageReturn":10.7,"sample":2},{"week":22,"averageReturn":15.5,"sample":2},{"week":23,"averageReturn":16.6,"sample":2},{"week":24,"averageReturn":18.6,"sample":2},{"week":25,"averageReturn":21.1,"sample":2},{"week":26,"averageReturn":24.1,"sample":2}]},"distribution":{"label":"Distribution","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":7.5,"medianWeeksInZone":7.5,"averageWeeksToLower":7.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"medianReturn":3.9,"averageReturn":3.9,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"medianReturn":1.9,"averageReturn":1.9,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-0.8,"averageReturn":-0.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.9,"sample":2},{"week":2,"averageReturn":0.4,"sample":2},{"week":3,"averageReturn":8.6,"sample":1},{"week":4,"averageReturn":3.9,"sample":1},{"week":5,"averageReturn":6.1,"sample":1},{"week":6,"averageReturn":7.5,"sample":1},{"week":7,"averageReturn":3.9,"sample":1},{"week":8,"averageReturn":3.2,"sample":1},{"week":9,"averageReturn":12.1,"sample":1},{"week":10,"averageReturn":3.4,"sample":1},{"week":11,"averageReturn":1.7,"sample":1},{"week":12,"averageReturn":1.9,"sample":1},{"week":13,"averageReturn":-1.4,"sample":1},{"week":14,"averageReturn":-4.9,"sample":1},{"week":15,"averageReturn":-2.3,"sample":1},{"week":16,"averageReturn":-5.2,"sample":1},{"week":17,"averageReturn":-8.5,"sample":1},{"week":18,"averageReturn":-8.4,"sample":1},{"week":19,"averageReturn":-7.0,"sample":1},{"week":20,"averageReturn":-6.2,"sample":1},{"week":21,"averageReturn":-5.6,"sample":1},{"week":22,"averageReturn":-4.2,"sample":1},{"week":23,"averageReturn":-4.5,"sample":1},{"week":24,"averageReturn":-2.9,"sample":1},{"week":25,"averageReturn":-0.7,"sample":1},{"week":26,"averageReturn":-0.8,"sample":1}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":19,"completedEpisodes":19,"activeEpisodes":0,"medianExpectedMove":8.2,"averageExpectedMove":9.8,"averageWeeksToLargestMove":9.1,"horizons":[{"weeks":4,"sample":19,"expectedCount":14,"expectedPercent":73.7,"averageReturn":1.2,"medianReturn":3.7,"confidenceLow":51.2,"confidenceHigh":88.2,"confidence":"Historically consistent"},{"weeks":12,"sample":19,"expectedCount":14,"expectedPercent":73.7,"averageReturn":5.1,"medianReturn":3.0,"confidenceLow":51.2,"confidenceHigh":88.2,"confidence":"Historically consistent"},{"weeks":26,"sample":18,"expectedCount":13,"expectedPercent":72.2,"averageReturn":13.0,"medianReturn":15.3,"confidenceLow":49.1,"confidenceHigh":87.5,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.5,"sample":19},{"week":2,"averageReturn":1.2,"sample":19},{"week":3,"averageReturn":1.1,"sample":19},{"week":4,"averageReturn":1.2,"sample":19},{"week":5,"averageReturn":1.7,"sample":19},{"week":6,"averageReturn":1.6,"sample":19},{"week":7,"averageReturn":1.4,"sample":19},{"week":8,"averageReturn":1.0,"sample":19},{"week":9,"averageReturn":3.4,"sample":19},{"week":10,"averageReturn":4.2,"sample":19},{"week":11,"averageReturn":5.0,"sample":19},{"week":12,"averageReturn":5.1,"sample":19},{"week":13,"averageReturn":5.5,"sample":19},{"week":14,"averageReturn":5.9,"sample":19},{"week":15,"averageReturn":7.2,"sample":19},{"week":16,"averageReturn":7.0,"sample":19},{"week":17,"averageReturn":5.5,"sample":19},{"week":18,"averageReturn":6.9,"sample":19},{"week":19,"averageReturn":8.5,"sample":18},{"week":20,"averageReturn":9.7,"sample":18},{"week":21,"averageReturn":10.2,"sample":18},{"week":22,"averageReturn":11.3,"sample":18},{"week":23,"averageReturn":11.8,"sample":18},{"week":24,"averageReturn":11.5,"sample":18},{"week":25,"averageReturn":12.4,"sample":18},{"week":26,"averageReturn":13.0,"sample":18}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":21,"completedEpisodes":20,"activeEpisodes":1,"medianExpectedMove":2.8,"averageExpectedMove":4.4,"averageWeeksToLargestMove":4.2,"horizons":[{"weeks":4,"sample":20,"expectedCount":5,"expectedPercent":25.0,"averageReturn":2.8,"medianReturn":3.4,"confidenceLow":11.2,"confidenceHigh":46.9,"confidence":"Historically adverse"},{"weeks":12,"sample":20,"expectedCount":6,"expectedPercent":30.0,"averageReturn":6.2,"medianReturn":9.1,"confidenceLow":14.5,"confidenceHigh":51.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":3,"expectedPercent":15.8,"averageReturn":12.4,"medianReturn":7.2,"confidenceLow":5.5,"confidenceHigh":37.6,"confidence":"Historically adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.8,"sample":20},{"week":2,"averageReturn":1.4,"sample":20},{"week":3,"averageReturn":2.4,"sample":20},{"week":4,"averageReturn":2.8,"sample":20},{"week":5,"averageReturn":3.3,"sample":20},{"week":6,"averageReturn":4.1,"sample":20},{"week":7,"averageReturn":4.4,"sample":20},{"week":8,"averageReturn":4.8,"sample":20},{"week":9,"averageReturn":4.3,"sample":20},{"week":10,"averageReturn":5.7,"sample":20},{"week":11,"averageReturn":5.5,"sample":20},{"week":12,"averageReturn":6.2,"sample":20},{"week":13,"averageReturn":6.9,"sample":20},{"week":14,"averageReturn":7.1,"sample":20},{"week":15,"averageReturn":7.4,"sample":20},{"week":16,"averageReturn":7.2,"sample":20},{"week":17,"averageReturn":8.0,"sample":19},{"week":18,"averageReturn":9.3,"sample":19},{"week":19,"averageReturn":11.7,"sample":19},{"week":20,"averageReturn":10.1,"sample":19},{"week":21,"averageReturn":10.2,"sample":19},{"week":22,"averageReturn":10.1,"sample":19},{"week":23,"averageReturn":10.5,"sample":19},{"week":24,"averageReturn":11.3,"sample":19},{"week":25,"averageReturn":11.1,"sample":19},{"week":26,"averageReturn":12.4,"sample":19}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":17,"completedEpisodes":16,"activeEpisodes":1,"medianExpectedMove":2.9,"averageExpectedMove":4.7,"averageWeeksToLargestMove":3.3,"horizons":[{"weeks":4,"sample":17,"expectedCount":5,"expectedPercent":29.4,"averageReturn":2.1,"medianReturn":2.5,"confidenceLow":13.3,"confidenceHigh":53.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":16,"expectedCount":5,"expectedPercent":31.2,"averageReturn":5.2,"medianReturn":9.0,"confidenceLow":14.2,"confidenceHigh":55.6,"confidence":"Mixed historical record"},{"weeks":26,"sample":16,"expectedCount":6,"expectedPercent":37.5,"averageReturn":9.6,"medianReturn":4.8,"confidenceLow":18.5,"confidenceHigh":61.4,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.3,"sample":17},{"week":2,"averageReturn":1.2,"sample":17},{"week":3,"averageReturn":0.8,"sample":17},{"week":4,"averageReturn":2.1,"sample":17},{"week":5,"averageReturn":2.8,"sample":17},{"week":6,"averageReturn":1.9,"sample":17},{"week":7,"averageReturn":2.7,"sample":16},{"week":8,"averageReturn":3.3,"sample":16},{"week":9,"averageReturn":3.7,"sample":16},{"week":10,"averageReturn":3.9,"sample":16},{"week":11,"averageReturn":3.9,"sample":16},{"week":12,"averageReturn":5.2,"sample":16},{"week":13,"averageReturn":5.9,"sample":16},{"week":14,"averageReturn":5.7,"sample":16},{"week":15,"averageReturn":6.9,"sample":16},{"week":16,"averageReturn":8.2,"sample":16},{"week":17,"averageReturn":7.0,"sample":16},{"week":18,"averageReturn":7.4,"sample":16},{"week":19,"averageReturn":7.9,"sample":16},{"week":20,"averageReturn":8.7,"sample":16},{"week":21,"averageReturn":7.9,"sample":16},{"week":22,"averageReturn":9.2,"sample":16},{"week":23,"averageReturn":10.1,"sample":16},{"week":24,"averageReturn":8.9,"sample":16},{"week":25,"averageReturn":9.1,"sample":16},{"week":26,"averageReturn":9.6,"sample":16}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":18,"completedEpisodes":18,"activeEpisodes":0,"medianExpectedMove":8.3,"averageExpectedMove":9.5,"averageWeeksToLargestMove":8.2,"horizons":[{"weeks":4,"sample":18,"expectedCount":12,"expectedPercent":66.7,"averageReturn":3.0,"medianReturn":2.1,"confidenceLow":43.7,"confidenceHigh":83.7,"confidence":"Mixed historical record"},{"weeks":12,"sample":18,"expectedCount":13,"expectedPercent":72.2,"averageReturn":4.9,"medianReturn":5.5,"confidenceLow":49.1,"confidenceHigh":87.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":16,"expectedCount":14,"expectedPercent":87.5,"averageReturn":11.7,"medianReturn":9.6,"confidenceLow":64.0,"confidenceHigh":96.5,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.6,"sample":18},{"week":2,"averageReturn":1.7,"sample":18},{"week":3,"averageReturn":2.4,"sample":18},{"week":4,"averageReturn":3.0,"sample":18},{"week":5,"averageReturn":2.9,"sample":18},{"week":6,"averageReturn":4.1,"sample":18},{"week":7,"averageReturn":3.5,"sample":18},{"week":8,"averageReturn":3.8,"sample":18},{"week":9,"averageReturn":4.5,"sample":18},{"week":10,"averageReturn":4.2,"sample":18},{"week":11,"averageReturn":4.8,"sample":18},{"week":12,"averageReturn":4.9,"sample":18},{"week":13,"averageReturn":4.8,"sample":18},{"week":14,"averageReturn":5.2,"sample":18},{"week":15,"averageReturn":5.6,"sample":18},{"week":16,"averageReturn":6.1,"sample":18},{"week":17,"averageReturn":6.6,"sample":18},{"week":18,"averageReturn":7.4,"sample":17},{"week":19,"averageReturn":9.5,"sample":17},{"week":20,"averageReturn":10.2,"sample":17},{"week":21,"averageReturn":11.4,"sample":16},{"week":22,"averageReturn":11.9,"sample":16},{"week":23,"averageReturn":12.3,"sample":16},{"week":24,"averageReturn":12.1,"sample":16},{"week":25,"averageReturn":11.7,"sample":16},{"week":26,"averageReturn":11.7,"sample":16}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":6.5,"averageExpectedMove":6.5,"averageWeeksToLargestMove":10.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":1.3,"medianReturn":1.3,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-3.6,"medianReturn":-3.6,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-0.8,"medianReturn":-0.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":3.5,"sample":3},{"week":2,"averageReturn":0.3,"sample":3},{"week":3,"averageReturn":3.6,"sample":2},{"week":4,"averageReturn":1.3,"sample":2},{"week":5,"averageReturn":0.8,"sample":2},{"week":6,"averageReturn":-0.2,"sample":2},{"week":7,"averageReturn":-0.7,"sample":2},{"week":8,"averageReturn":-2.5,"sample":2},{"week":9,"averageReturn":0.4,"sample":2},{"week":10,"averageReturn":-3.9,"sample":2},{"week":11,"averageReturn":-4.1,"sample":2},{"week":12,"averageReturn":-3.6,"sample":2},{"week":13,"averageReturn":-5.0,"sample":2},{"week":14,"averageReturn":-6.0,"sample":2},{"week":15,"averageReturn":-4.9,"sample":2},{"week":16,"averageReturn":-5.6,"sample":2},{"week":17,"averageReturn":-6.2,"sample":2},{"week":18,"averageReturn":-6.2,"sample":2},{"week":19,"averageReturn":-8.4,"sample":2},{"week":20,"averageReturn":-6.2,"sample":1},{"week":21,"averageReturn":-5.6,"sample":1},{"week":22,"averageReturn":-4.2,"sample":1},{"week":23,"averageReturn":-4.5,"sample":1},{"week":24,"averageReturn":-2.9,"sample":1},{"week":25,"averageReturn":-0.7,"sample":1},{"week":26,"averageReturn":-0.8,"sample":1}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is repairing against a downward price structure","use":"The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"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 2 cases. Distinct visits lasted 17.5 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 9.5% across 18 completed cases, with the largest move arriving after 8.2 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":[],"distribution_rollovers":[{"date":"2026-05-08","price":45.299999}],"price_pressure_gaps":[{"date":"2026-02-06","price":45.948582},{"date":"2026-04-03","price":47.434605},{"date":"2026-07-31","price":45.610001}]}},"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":[30.1079,31.3393,32.0429,32.2096,33.6539,32.1077,30.5523,31.5707,33.3761,32.9595,32.3299,33.7173,34.2944,35.6662,34.7202,34.531,33.5943,32.8943,34.2471,33.5943,34.1147,33.6133,34.6256,34.9567,35.7135,36.4231,32.4023,33.4997,31.6928,31.6644,31.7401,32.232,32.0428,30.4062,31.5698,31.9766,34.3417,32.845,33.1933,32.6901,33.3772,34.403,34.5772,35.2159,35.5353,35.1772,35.632,36.1546,34.8869,35.0804,35.632,39.1449,41.4675,41.2933,41.0901,41.5159,41.9514,41.8933,43.0352,43.0739,42.3191,42.3965,42.3385,44.0197,43.9115,42.3664,42.268,42.5435,43.7934,43.754,43.7934,44.5019,43.4588,45.0038,44.2362,44.4921,45.9486,46.8441,49.206,49.9146,47.7298,48.7336,49.4028,47.7495,47.4346,51.5187,47.533,46.7359,46.8343,45.3,43.72,44.88,43.55,42.06,42.08,42.72,43.1,43.39,44.0,43.86,44.62,45.61,45.58,42.76],"consensus":[21.4686,75.8757,68.202,47.51,79.0006,0.0,-37.4247,27.0389,56.905,19.6087,9.8705,63.5591,51.1288,72.3662,10.992,17.0876,-19.5398,-35.4497,34.8381,-19.9522,20.4816,-9.3913,41.129,31.6749,50.775,52.5157,-62.1228,0.0,-64.7063,-30.9053,-19.8324,-14.1667,-22.4229,-50.1689,0.0,0.0,58.7979,-13.6643,19.6545,-15.066,21.9144,43.502,20.2949,53.0557,34.9664,10.8552,36.6499,45.4614,-21.267,8.9328,24.5198,77.1777,79.6929,39.3879,39.0812,54.4892,42.9578,30.4255,66.3503,31.6984,0.0,17.1077,0.0,53.9525,15.7341,-18.6959,-8.077,8.2743,46.7006,22.9134,17.9102,45.0338,-15.8143,55.0478,0.0,21.3272,58.923,44.4824,75.1388,54.326,0.0,45.089,43.2247,-20.0004,0.0,71.6265,-39.771,-25.3112,0.0,-53.9374,-51.335,0.0,-51.3607,-56.3126,-44.8087,-15.3659,-21.3609,0.0,16.2373,0.0,28.5397,39.6248,17.4909,-51.7505],"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":[80.7765,34.8679,35.0898,59.2313,46.7553,30.7745,70.9259,25.2459,0.0,11.8096,0.0,50.0433,6.207,-24.0248,-12.6571,21.0159,58.3512,21.4217,13.283,52.9788,-16.2968,58.4316,0.0,28.9338,58.1615,39.7695,76.6598,54.5866,0.0,43.7226,54.8772,-12.2062,0.0,73.069,-39.3749,-26.2647,0.0,-44.0237,-46.2691,0.0,-50.621,-62.7853,-51.2813,-0.4202,-20.7144,0.0,13.5331,0.0,29.7699,37.0506,12.1941,-49.229],"force":[92.5966,5.5572,7.2213,33.9094,24.9622,2.7872,65.645,5.4689,0.0,2.5843,0.0,72.3224,11.4611,-48.7954,-17.9166,8.2553,63.5461,11.4911,5.6469,38.3171,-40.4016,73.5934,0.0,18.2914,77.3887,47.9755,93.5521,42.7511,0.0,45.204,34.9277,-57.5706,0.0,94.8804,-74.4446,-28.6034,0.0,-77.4024,-52.5272,0.0,-47.907,-38.9676,-18.9556,-13.0834,-3.8728,0.0,36.9875,0.0,41.603,48.484,5.3695,-77.6836],"direction":[69.2376,68.7185,66.3998,63.7694,51.4718,49.7684,61.6249,57.808,0.0,37.2285,0.0,45.2989,46.0475,-8.8939,-4.1857,6.274,21.3532,32.7769,31.958,40.7515,-2.2994,37.9337,0.0,14.8023,46.6034,47.3736,60.248,62.2959,0.0,46.5685,35.8339,-2.0723,0.0,53.3679,-15.4569,-21.8699,0.0,-48.5065,-56.2731,0.0,-54.6731,-61.3045,-55.878,-52.7675,-34.5915,0.0,4.5061,0.0,17.8028,36.2386,32.2027,-36.1085],"intensity":[94.2308,82.6923,9.6154,9.6154,50.0,3.8462,59.6154,57.6923,42.3077,42.3077,40.3846,84.6154,78.8462,84.6154,57.6923,36.5385,65.3846,26.9231,57.6923,32.6923,51.9231,80.7692,34.6154,9.6154,75.0,90.3846,88.4615,92.3077,86.5385,84.6154,90.3846,75.0,50.0,100.0,98.0769,94.2308,51.9231,69.2308,86.5385,53.8462,59.6154,80.7692,7.6923,19.2308,48.0769,15.3846,34.6154,7.6923,25.0,67.3077,9.6154,92.3077],"confirmation":[93.8785,56.9753,56.9292,84.7371,81.1402,54.2219,89.1409,54.7758,7.4422,50.8397,26.9934,85.8842,6.7963,31.3828,49.041,49.1248,83.2801,75.0069,50.7614,82.0851,51.6264,86.1289,4.2968,74.6163,87.4297,82.4126,92.5824,85.0276,35.0213,82.4528,81.4015,52.9972,1.339,91.6072,81.7895,76.1854,26.8782,86.1262,84.5407,32.0031,84.3414,85.3928,81.4523,7.0689,51.6457,27.8127,51.2029,23.7351,77.5121,80.9891,50.6417,93.3889],"persistence":[75.0,75.0,75.0,75.0,100.0,100.0,100.0,100.0,87.5,87.5,75.0,75.0,75.0,50.0,25.0,25.0,37.5,37.5,50.0,50.0,25.0,50.0,62.5,62.5,62.5,62.5,62.5,62.5,75.0,75.0,87.5,62.5,50.0,50.0,25.0,0.0,0.0,25.0,50.0,37.5,50.0,75.0,75.0,75.0,87.5,75.0,50.0,50.0,25.0,0.0,25.0,25.0],"assessmentRisk":[10.1527,30.3041,30.4513,21.1324,1.6797,8.4885,13.5504,27.7927,11.8777,12.6508,30.6959,6.6576,40.0844,7.3642,0.5993,52.1746,30.5795,35.4047,38.8061,26.8517,11.149,16.7817,20.7971,11.1948,20.146,25.9841,12.4284,22.8363,48.6221,23.7341,13.1897,36.6924,12.0081,11.2761,17.0118,10.9395,15.0075,22.8387,22.137,37.1496,21.2432,18.8398,13.384,33.766,1.5285,27.8614,36.4827,44.2883,31.9544,29.0885,38.4093,12.1546],"volumeParticipation":true,"latest":{"consensus":-51.8,"control":-49.2,"force":-77.7,"direction":-36.1,"confirmation":93.4,"persistence":25.0,"assessmentRisk":12.2,"intensity":92.3,"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":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-51.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-49.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-77.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-36.1","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"93/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"43.4","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.4%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"17.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"8%","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":[30.1079,31.3393,32.0429,32.2096,33.6539,32.1077,30.5523,31.5707,33.3761,32.9595,32.3299,33.7173,34.2944,35.6662,34.7202,34.531,33.5943,32.8943,34.2471,33.5943,34.1147,33.6133,34.6256,34.9567,35.7135,36.4231,32.4023,33.4997,31.6928,31.6644,31.7401,32.232,32.0428,30.4062,31.5698,31.9766,34.3417,32.845,33.1933,32.6901,33.3772,34.403,34.5772,35.2159,35.5353,35.1772,35.632,36.1546,34.8869,35.0804,35.632,39.1449,41.4675,41.2933,41.0901,41.5159,41.9514,41.8933,43.0352,43.0739,42.3191,42.3965,42.3385,44.0197,43.9115,42.3664,42.268,42.5435,43.7934,43.754,43.7934,44.5019,43.4588,45.0038,44.2362,44.4921,45.9486,46.8441,49.206,49.9146,47.7298,48.7336,49.4028,47.7495,47.4346,51.5187,47.533,46.7359,46.8343,45.3,43.72,44.88,43.55,42.06,42.08,42.72,43.1,43.39,44.0,43.86,44.62,45.61,45.58,42.76],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[28.7456,29.2171,29.7309,30.1816,30.8129,31.0483,30.9581,31.0695,31.4889,31.7563,31.8606,32.1982,32.5793,33.1406,33.4278,33.6283,33.6222,33.4898,33.6275,33.6215,33.7112,33.6934,33.8628,34.0617,34.3621,34.7368,34.3123,34.1646,33.7152,33.3423,33.051,32.9021,32.7459,32.3205,32.184,32.1463,32.5454,32.5999,32.7078,32.7046,32.8269,33.1135,33.3796,33.7135,34.0447,34.2506,34.5018,34.8023,34.8177,34.8655,35.0048,35.7576,36.7957,37.6135,38.2456,38.8402,39.4059,39.8581,40.4358,40.9154,41.1707,41.3935,41.5653,42.0116,42.357,42.3587,42.3422,42.3788,42.636,42.8393,43.0127,43.2835,43.3154,43.6224,43.734,43.8718,44.2494,44.7212,45.5366,46.3326,46.5866,46.977,47.4181,47.4783,47.4704,48.2064,48.084,47.8389,47.6562,47.2278,46.59,46.2791,45.7829,45.106,44.5558,44.2221,44.018,43.9039,43.9213,43.9102,44.0392,44.3248,44.553,44.227],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[27.0293,27.3486,27.6963,28.0306,28.4472,28.7183,28.8542,29.0554,29.3754,29.6409,29.8401,30.1273,30.436,30.8234,31.1121,31.3653,31.5304,31.6315,31.8252,31.9563,32.1161,32.227,32.4047,32.5937,32.8248,33.0914,33.0403,33.0744,32.972,32.8752,32.7911,32.7497,32.6973,32.5276,32.4566,32.4211,32.5634,32.5842,32.6293,32.6338,32.6889,32.8159,32.9463,33.1145,33.2938,33.4333,33.5962,33.7857,33.8673,33.9571,34.0812,34.4563,34.9756,35.4436,35.8619,36.2807,36.7007,37.0854,37.5261,37.937,38.2616,38.5679,38.8472,39.2304,39.5771,39.7837,39.9678,40.1585,40.4278,40.6742,40.9052,41.1717,41.3411,41.6124,41.8067,42.0057,42.2977,42.6345,43.1213,43.6245,43.9286,44.2845,44.6636,44.8922,45.0806,45.5575,45.7038,45.7802,45.8583,45.817,45.6616,45.6037,45.4516,45.2004,44.9692,44.8026,44.6765,44.5812,44.5382,44.4879,44.4977,44.5801,44.6542,44.5139],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[30.4978,31.0906,31.6457,32.1728,33.0164,33.4146,33.5315,33.6883,34.0863,34.3332,34.4169,34.7445,35.0386,35.5933,35.9085,36.1463,36.2121,36.063,35.8507,35.7817,35.6916,35.6647,35.7895,35.949,36.2305,36.6085,36.3474,36.1904,36.3299,36.4389,36.4952,36.5185,36.5017,36.4313,36.3179,36.1835,36.26,36.2586,36.1671,36.12,36.05,36.1385,36.1313,36.178,36.1396,35.8445,36.207,36.6045,36.742,36.8715,37.0503,38.0492,39.5262,40.4633,41.2499,42.002,42.8326,43.4552,44.208,44.7687,45.1139,45.4523,45.7002,46.1827,46.5581,46.5725,46.5288,46.4794,46.2164,45.6697,44.7298,44.6452,44.6932,44.9873,45.0279,45.1203,45.5591,46.1497,47.4133,48.5839,48.9889,49.5269,50.106,50.3687,50.5596,51.3966,51.3839,51.2743,51.2475,51.1674,51.1741,51.1558,51.1463,51.4203,51.6198,51.7335,51.7937,51.765,51.4005,50.8447,50.613,50.2351,49.6763,49.3684],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[24.4218,24.4098,24.5885,24.7489,24.6655,24.7738,24.9993,25.3611,25.6722,26.0549,26.5109,26.7868,27.1957,27.43,27.7168,28.0204,28.3727,28.9411,29.7543,30.1692,30.6599,30.9143,31.0478,31.163,31.0874,31.141,31.5871,31.9369,31.6291,31.3906,31.2754,31.1035,30.8951,30.4396,30.2379,30.1168,30.1151,30.1116,30.0977,30.0544,30.0506,30.0411,30.0435,30.0227,30.0432,30.2138,30.1743,30.0422,30.2241,30.4363,30.6467,30.339,29.8045,29.9561,30.1215,30.3234,30.2538,30.5359,30.7674,31.245,31.794,32.2549,32.7832,33.181,33.6433,34.3479,35.0551,35.7434,36.8971,38.3111,40.0671,40.6874,40.8385,40.9155,41.1895,41.3947,41.3556,41.2601,40.6136,40.1271,40.2632,40.3589,40.4862,40.5965,40.7579,40.8361,41.3753,41.9042,42.2351,42.4698,42.4558,42.5119,42.5305,41.9621,41.547,41.256,40.911,40.5943,40.4382,40.3886,40.3093,40.3748,40.5513,40.3603],"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":[16.8266,21.5764,21.7619,19.5622,27.375,20.8299,12.8373,13.856,19.7555,17.9631,16.9064,19.0514,21.0118,21.4955,17.1877,18.0373,14.6129,10.3166,11.5829,9.9782,12.4663,8.2659,11.7612,12.4154,14.9165,15.6812,4.4579,8.8513,4.3867,5.0794,6.2164,5.9116,5.4246,1.4496,4.0544,5.8637,10.3251,2.9571,2.3547,2.0504,5.309,6.902,7.1443,8.6317,9.0859,6.123,7.8181,7.4015,3.5994,4.8422,5.1755,14.5842,19.2834,19.2301,15.5455,16.1822,16.9731,17.3653,16.3473,16.2519,15.2762,14.1391,12.2356,15.7787,16.204,12.1671,10.9667,11.3844,14.8227,14.7837,12.7375,13.8534,9.5991,12.775,12.6061,13.0043,16.0284,19.9098,23.9799,21.2019,16.9123,21.5143,24.1259,19.6759,18.4137,24.8182,16.8489,14.4866,12.7312,7.3736,4.8194,6.8338,1.3238,-1.795,-3.6698,-3.1498,-2.4976,-2.9748,-3.022,-2.9128,-2.0871,0.2845,-0.9866,-7.3417],"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":"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":[85.4504,100.0,97.6866,94.6899,96.8263,77.7944,61.6449,72.2189,90.9639,85.7616,76.9744,93.6437,99.4381,99.5168,89.296,87.2091,75.8707,66.8729,82.5401,73.8679,79.5526,73.2883,85.935,90.0718,99.4951,90.2016,33.7551,44.8562,17.3564,16.9245,18.0763,25.5631,22.5745,14.5608,29.3622,34.5367,64.6209,45.5821,50.0135,43.6126,52.3524,65.4004,67.6162,75.7404,79.8025,75.248,81.0335,87.6806,71.5552,74.0171,81.0335,100.0,96.9261,94.742,93.1418,96.4947,96.6822,94.1571,99.026,93.6338,86.6308,86.6509,86.1769,88.3555,84.6153,73.1133,70.3287,71.101,81.6172,81.0233,81.2508,87.3316,78.3793,91.6389,84.7344,86.4001,99.5257,81.8881,98.7379,95.2864,73.7496,82.0053,89.2032,70.1987,66.6667,100.0,60.2552,52.3062,53.2875,37.9877,22.2322,33.7996,20.5369,0.6303,0.8405,7.5641,11.5562,14.6028,21.0113,19.5405,27.5247,37.9253,37.6102,8.0808],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-3.07,0.0,-0.546,-1.305,-0.8726,-6.2449,-10.7867,-7.8129,-2.5412,-3.7578,-5.5961,-1.5448,-0.1377,-0.1324,-2.8843,-3.4136,-6.0334,-7.9915,-4.2075,-6.0334,-4.5779,-5.9804,-3.149,-2.2228,-0.1058,-1.8858,-12.7166,-9.7605,-14.6279,-14.7044,-14.5005,-13.1753,-13.685,-18.0938,-14.9592,-13.8634,-7.4924,-11.5243,-10.5858,-11.9414,-10.0905,-7.3273,-6.858,-5.1375,-4.2773,-5.2418,-4.0166,-2.6089,-6.0239,-5.5025,-4.0166,0.0,-0.9249,-1.5913,-2.0757,-1.0609,-1.0274,-1.8367,-0.3138,-1.9604,-3.8901,-3.7143,-3.8462,-3.3214,-4.4949,-7.8553,-8.0693,-7.47,-4.7517,-4.8373,-4.7517,-3.2106,-5.4795,-2.119,-3.7885,-3.232,-0.107,-3.7412,-0.2394,-0.9762,-5.3104,-3.319,-1.9914,-5.2714,-5.8961,0.0,-7.7364,-9.2837,-9.0926,-12.0708,-15.1376,-12.886,-15.4676,-18.3597,-18.3209,-17.0787,-16.3411,-15.7782,-14.5941,-14.8659,-13.3907,-11.469,-11.5273,-17.001],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[22.8525,27.3168,30.1754,30.8524,36.7199,30.4386,24.1198,28.2571,35.5915,30.7495,24.7143,30.0663,32.2925,37.5842,32.9377,31.7462,25.296,21.2613,26.2054,22.1741,22.9488,21.1417,24.7899,25.9833,26.3914,21.498,8.0191,9.6471,3.7328,3.6399,3.8876,5.4978,4.8467,3.9121,7.8888,9.279,17.3618,12.2466,13.4372,11.7175,14.0656,17.5712,18.1665,20.3493,21.4406,20.217,21.7714,23.5573,19.2248,19.8863,21.7714,33.7765,41.7138,41.1185,40.424,41.8792,43.3674,43.169,47.0715,41.6619,35.5523,33.4044,33.2217,35.2581,34.9255,30.178,26.2711,24.7854,28.4513,27.7196,27.5822,29.6464,26.6074,31.1086,27.9704,26.9338,28.988,21.318,23.1151,24.8879,18.7031,18.5461,20.174,15.0854,14.3264,24.1698,14.5636,12.6423,12.8795,9.1816,5.3735,8.1693,4.9637,0.1429,0.1905,1.7143,2.619,3.3095,4.7619,4.4286,6.2381,8.5952,8.5238,1.8338],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":[-0.0922,0.0,0.0,0.0,0.0,-4.5942,-9.216,-6.1898,-0.8253,-2.0633,-3.934,0.0,0.0,0.0,-2.6525,-3.183,-5.809,-7.7719,-3.9788,-5.809,-4.3501,-5.756,-2.9178,-1.9894,0.0,0.0,-11.039,-8.026,-12.987,-13.0649,-12.8572,-11.5065,-12.026,-16.5195,-13.3247,-12.2078,-5.7143,-9.8237,-8.8672,-10.2488,-8.3624,-5.546,-5.0678,-3.3142,-2.4374,-3.4205,-2.1717,-0.737,-4.2176,-3.6862,-2.1717,0.0,0.0,-0.4201,-0.9102,0.0,0.0,-0.1384,0.0,0.0,-1.7524,-1.5727,-1.7075,0.0,-0.2459,-3.7559,-3.9794,-3.3535,-0.5142,-0.6036,-0.5142,0.0,-2.3441,0.0,-1.7057,-1.1371,0.0,0.0,0.0,0.0,-4.377,-2.3659,-1.0252,-4.3375,-4.9685,0.0,-7.7364,-9.2837,-9.0926,-12.0708,-15.1376,-12.886,-15.4676,-18.3597,-18.3209,-17.0787,-16.3411,-15.7782,-14.5941,-14.8659,-13.3907,-11.469,-11.5273,-17.001],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[21.8697,26.8539,29.702,30.3765,36.2227,29.9643,23.6685,27.7907,31.7449,26.5114,23.001,28.2796,30.4751,35.6941,30.2143,28.2137,23.2113,20.6437,23.3027,18.9696,20.8123,19.0366,22.6214,23.7941,18.6183,20.9749,6.0552,9.6471,3.7328,3.6399,3.8876,5.4978,1.4953,0.0,3.827,5.1649,12.9434,8.0208,9.1665,7.5115,9.7713,13.1449,13.7178,15.8184,16.8687,15.6911,17.187,18.9056,14.7363,15.3728,17.187,28.7401,36.3786,35.8057,35.1374,36.5378,37.97,37.779,41.5346,36.4403,32.344,29.6921,29.5145,34.6575,34.3263,26.932,22.8612,23.0392,25.5296,25.4167,25.5296,27.5606,24.5705,28.9993,26.0994,24.8654,17.3807,14.0035,19.7516,21.476,14.9677,16.328,17.9254,12.9686,12.2235,21.8859,12.4563,10.5704,10.8032,7.1733,3.4353,6.1797,2.3657,0.0,0.0476,1.5692,2.4727,3.1621,4.6125,4.2796,6.0865,8.4403,8.369,1.6643],"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":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[55.9145,56.5736,57.4678,58.4188,59.6288,60.8168,59.7603,58.8784,58.4653,58.0929,56.8505,56.0269,55.5473,55.6352,55.7303,55.6887,54.5081,53.0537,51.7031,50.449,49.8547,48.3658,47.0438,46.2954,45.8111,46.1073,43.4932,41.0658,38.3363,36.1815,34.1805,32.256,30.5509,29.6646,28.8415,27.7311,26.1874,25.096,24.0826,23.2239,22.2998,22.3961,22.781,22.8207,23.5162,24.162,24.5737,25.2046,24.8982,24.6137,24.5108,26.0699,28.3596,30.5133,32.0717,33.5188,35.1305,36.7182,38.3462,40.0825,40.7667,41.4021,42.2935,43.6092,44.9573,44.3617,43.8087,42.5524,41.8496,41.5042,41.3093,41.1284,40.2268,39.588,38.9502,38.3579,38.5858,39.8555,41.2316,42.8029,43.0951,41.6925,40.6163,38.4269,35.7673,34.9327,33.8085,32.2024,30.4379,28.2707,27.3655,26.5249,25.8492,25.7015,25.5644,25.2149,24.1105,23.085,21.4963,19.9689,18.711,18.5186,18.559,17.7318],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[43.9881,41.849,43.5731,42.9417,45.0513,41.1961,37.4036,34.8314,36.5686,35.004,32.6944,33.8152,34.2473,37.372,34.5364,32.2554,30.0407,27.717,25.7828,24.7686,27.4488,25.0307,24.0459,25.8934,25.4689,29.6254,24.1058,22.7893,20.9116,19.3017,18.2932,23.0238,21.9487,19.2873,17.944,18.7484,24.8833,23.9724,22.897,22.3761,21.5636,26.5651,27.7237,26.2611,28.9809,27.6908,26.0962,26.6445,24.4053,23.0061,23.0059,33.1142,39.7891,37.6776,34.7718,32.8151,34.6924,33.6091,33.4798,34.9504,31.7178,30.3933,31.1382,33.2289,32.1126,29.1994,27.9831,26.3931,28.8277,29.0189,28.6184,27.4963,25.3015,24.7958,22.9509,21.8962,25.2864,32.1987,30.8678,33.0053,30.2152,26.5941,26.9692,24.2116,22.1468,30.7328,26.7874,25.376,24.5098,22.2647,20.1136,19.1695,18.0232,17.1235,16.895,17.5964,20.9013,20.6237,23.3371,22.66,22.3846,27.2428,26.8263,23.1372],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[9.7264,8.8334,7.9645,7.3467,6.3307,5.5484,13.8251,12.4252,11.2036,10.6779,13.7798,12.7238,11.6261,10.3029,9.4683,9.325,13.1333,13.6067,12.6572,12.1593,11.1764,13.7737,12.9883,12.027,11.0419,9.8861,19.9191,18.8313,19.7515,22.7355,21.5476,19.9161,18.5529,27.8364,25.8976,24.4986,22.0137,19.257,18.3931,17.5595,17.5408,16.4038,15.6676,16.3235,14.7449,14.0885,14.0745,13.3005,15.9623,15.0472,14.3496,12.1429,10.5369,9.8618,10.881,10.2687,9.7616,9.1078,8.4985,8.0245,10.6682,10.2227,9.332,8.1228,7.4149,13.5461,12.9818,15.4277,14.6158,13.34,12.6257,12.1307,14.0765,12.9786,12.1801,11.6204,10.442,8.9861,7.9302,7.4349,10.9238,16.4876,15.6273,19.8236,21.6248,18.8033,18.1601,20.214,21.0899,22.2216,27.5478,26.2547,25.44,27.8092,27.4381,26.7673,25.4191,25.0815,23.7335,22.7111,21.3526,19.7206,18.2283,26.6084],"stroke":"#c13f3f","width":1.6}],"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":"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":[188.2498,118.9643,138.1232,191.2251,193.9085,106.4177,70.8102,51.4487,72.7576,51.4564,35.1244,67.1807,68.4927,128.7974,70.3979,88.3757,114.3258,75.7117,24.5984,10.9938,85.4711,90.4381,87.0704,123.1126,109.7858,220.9898,106.5689,80.1634,82.0894,98.0301,135.7841,94.0201,70.9808,87.6174,21.9688,44.5041,117.1702,94.7928,98.5791,66.8777,59.9206,108.1739,81.9279,146.244,104.711,83.1283,60.7388,176.8586,91.5662,71.4975,91.327,234.1593,250.7484,82.0425,85.4858,62.7557,97.6859,69.7638,99.3921,120.0506,66.1213,64.9359,54.351,190.2823,161.6973,50.8188,66.3376,39.4191,110.0809,97.5743,28.6898,33.9072,61.3387,104.7191,67.3383,107.2264,111.3205,138.0041,156.1462,113.7644,68.2935,70.3162,95.7898,127.0296,85.3302,136.2601,83.4448,70.3029,111.4707,201.2073,107.0862,66.4544,79.0771,14.7367,9.8259,42.0117,10.8464,10.2072,104.8114,177.4546,70.0848,103.7669,110.7949,113.8239],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[130.7981,132.4152,134.3227,135.0,135.0,133.6137,132.6801,133.3613,134.3362,133.637,133.1636,134.047,134.9485,135.0,134.112,133.005,131.5571,130.6242,130.9185,130.7929,131.7205,130.7564,131.6544,132.8558,133.8473,135.0,134.0169,134.7609,134.0052,133.0897,134.4181,135.0,134.3138,133.5018,133.6981,134.0806,135.0,134.2116,135.0,134.4102,134.9274,135.0,135.0,135.0,135.0,134.4058,134.8261,135.0,134.3591,134.8487,135.0,135.0,135.0,134.4397,133.8366,134.284,134.9765,134.4864,135.0,135.0,134.5326,134.9831,134.6104,135.0,133.8518,133.4943,133.0234,133.2877,134.0371,133.3601,133.5546,133.7646,133.4242,134.0081,133.6394,134.2358,134.8529,135.0,135.0,135.0,134.6329,135.0,135.0,134.3542,133.9485,134.6195,134.2097,133.8608,134.4057,133.3823,132.817,133.1732,132.7449,132.6685,132.718,132.9223,132.9722,133.0157,133.4402,132.7105,132.996,133.4216,132.9707,132.5185],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/7af32098-a412-437c-aef3-93eceadf4d97/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/7af32098-a412-437c-aef3-93eceadf4d97/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/7af32098-a412-437c-aef3-93eceadf4d97/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/7af32098-a412-437c-aef3-93eceadf4d97/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/7af32098-a412-437c-aef3-93eceadf4d97/technical-pack/data.json"},"source_fingerprint":"454189be5a01b1963bdd15e8a85836c00cf7f7240eb9a2ffe44448a7faa099a9","content_hash":"8213cd6f6cb59a97c00f81fb44d9849232119e3e89846dd78234184dd1f1c53e","citation":"Sharemaestro, WBC Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/7af32098-a412-437c-aef3-93eceadf4d97/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."}