{"schema_version":"1.0","name":"DRX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"7d8fdad0-74c7-46af-a3bc-70c46227f5e6","symbol":"DRX","name":"Drax Group plc","exchange":"LSE","country":"GB","asset_type":"equity","currency":"GBP","sector":"Utilities","industry":"Utilities - Renewable"},"summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. 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, Acceleration, deceleration and rollover, Range position and boundary pressure, Activity pressure and cumulative balance, Drawdown and recovery pressure."},{"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 weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. 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":[1.341224,1.234682,1.192388,1.111785,1.014938,0.89813,0.77722,0.499473,0.392133,0.051196,-0.299086,-0.444608,-0.458681,-0.355446,-0.132436,-0.081897,-0.273774,-0.386431,-0.71245,-0.692449,-0.914934,-1.080467,-1.228387,-1.333252,-1.063723,-0.961696,-0.876009,-1.023621,-1.255957,-1.475574,-1.427398,-1.377926,-1.404073,-1.387821,-1.437362,-1.4019,-1.04021,-0.641327,-0.176886,0.265148,0.568995,0.827192,0.954253,1.093786,1.111316,1.182918,1.222842,1.162067,1.14316,1.126471,1.103471,1.065713,1.105252,0.631028,0.138669,-0.218506,-0.655583,-0.542007,-0.262759,-0.168845,-0.088712,0.066703,0.185435,0.28202,0.618751,0.521611,0.54929,0.882308,0.93754,1.38144,1.500075,1.417655,1.484524,1.482706,1.594149,1.624937,1.444341,1.117639,0.784273,0.56744,0.275318,0.099715,-0.105061,-0.434145,-0.559213,-0.686166,-0.872462,-0.915531,-0.793225,-0.862096,-0.931701,-0.949037,-1.292122,-1.447377,-1.469049,-1.544927,-1.58245,-1.540003,-1.567406,-1.441243,-1.27363,-1.176473,-1.13131,-1.22294],"opens":[649.481457,661.471815,640.988216,657.47503,659.473381,626.601443,641.59186,659.580477,622.104259,662.578537,631.598213,616.108065,641.092237,668.075036,657.082039,668.075075,660.080104,639.593192,629.59954,620.105589,671.073187,608.113227,634.096648,607.113875,623.603343,663.577938,631.598249,630.099186,609.612262,574.63453,565.140495,586.12721,590.124629,562.642177,557.145592,579.131653,590.782134,611.274561,618.77183,618.271981,646.761463,665.254694,657.757452,665.754527,670.752652,676.750465,687.246597,679.249531,687.746418,681.748611,689.74569,669.753017,695.243646,701.741207,650.759995,641.263525,681.248796,675.25099,686.362691,712.357501,712.357493,711.857559,729.354086,724.355077,725.854765,745.850791,712.857396,743.351261,759.848004,784.343056,822.335478,835.832747,853.329278,890.821747,903.319279,909.817989,896.320645,881.323686,849.83,863.827199,883.823196,839.332048,886.322649,855.828799,848.330258,894.820949,882.023574,839.232114,854.400024,899.200012,856.0,824.0,856.0,788.5,782.5,759.0,743.5,771.5,759.0,759.0,768.5,773.5,735.0,723.0],"highs":[678.957893,673.961842,658.47427,671.463885,659.473381,642.591258,653.084554,659.580477,668.584754,667.575359,643.090902,645.089666,691.560147,672.572176,680.067469,671.073168,660.579786,644.590014,641.591921,668.574768,674.570963,638.094133,634.096648,624.602659,669.574127,672.072535,639.593164,655.083355,616.607813,585.127856,588.625524,597.619894,598.619256,573.635185,580.130966,597.328778,624.769634,634.765895,622.270542,644.262442,672.252109,676.250638,675.750828,677.750092,688.24618,713.237003,712.237373,697.242843,704.740158,726.732009,707.239217,703.740521,706.239557,708.238818,658.757046,686.246936,696.243267,697.242897,714.856993,725.854771,729.354056,735.10292,749.849981,737.352451,763.847146,752.349491,743.851179,778.844164,795.340861,831.333684,839.332046,856.32868,901.819551,914.816945,908.818178,917.816371,917.816364,886.322686,907.318446,937.312467,902.819396,894.321053,913.817151,875.324856,899.32007,910.01797,890.421857,877.991321,899.200012,910.0,883.5,850.0,856.0,806.0,786.5,759.0,761.5,779.5,763.5,790.0,790.5,783.5,739.0,743.0],"lows":[649.481457,637.990601,632.855766,635.992207,606.11449,607.613469,627.101112,614.10937,622.104259,638.094116,615.968249,616.108065,637.40458,645.58932,643.090939,651.58554,633.596962,617.607149,619.106225,620.105589,608.612869,606.61418,600.617957,592.623025,610.111877,622.603999,609.612203,605.614786,569.137974,557.145614,563.141767,574.13481,570.637003,534.160268,551.149406,570.289701,590.782134,604.263169,601.278276,612.774009,634.266131,641.263526,649.760401,644.762247,663.255417,673.751571,681.748601,671.252477,669.753069,673.751536,681.248823,669.753017,680.749009,613.672673,625.769247,641.263525,660.756381,665.366883,686.362691,700.359855,704.534046,695.360855,711.857547,699.360105,701.85955,708.358261,702.359458,724.85497,757.848378,780.343857,819.835978,820.335894,842.744421,865.326885,867.326445,887.322489,849.829959,840.831763,848.3303,862.827387,850.329883,834.832949,871.825585,840.831799,848.330258,878.424206,826.63458,828.434225,853.599976,854.799988,799.5,788.5,791.5,788.5,775.5,730.0,743.5,769.0,748.0,751.0,752.0,727.0,708.0,711.0],"closes":[657.974609,637.990601,651.97937,653.478149,620.105591,640.592529,649.087097,636.095398,659.580444,638.094116,623.603333,638.094116,668.075073,654.583618,666.57605,655.583069,641.591919,629.599548,629.599548,668.574768,611.610962,629.099854,606.114441,622.104248,634.596375,630.099182,628.600159,609.612244,580.130981,566.139893,587.62616,593.622437,574.63446,549.650391,577.132874,597.279785,605.276855,612.774048,615.772949,640.263916,660.756348,656.757813,664.754883,666.75415,674.751221,689.24585,683.747864,686.246948,677.250305,682.248413,684.747498,695.743469,703.740479,649.760437,652.259521,681.248779,674.751221,688.862183,709.358093,711.357666,709.857971,731.353699,721.355652,721.355652,744.850952,712.857361,742.851379,770.845764,783.343262,829.833984,832.333496,844.830994,891.321655,903.319275,897.820374,900.819763,878.824158,850.829773,866.826599,886.822571,861.827576,885.822754,876.824585,855.328857,889.322083,884.822998,839.432007,856.799988,893.799988,867.599976,799.5,848.0,791.5,795.0,784.5,738.5,756.0,772.0,756.0,772.0,764.0,737.5,718.0,720.0],"pressureRange":[-1.852428,1.852428],"priceRange":[413.55127,903.319275],"zones":{"accumulationBoundary":0.095126,"distributionBoundary":0.904874},"latest":-1.22294,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"easing","fourWeekDirection":"strengthening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"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 weakened this week and 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":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":260,"relationship":{"sameWeekCorrelation":0.44,"forwardCorrelation":-0.09,"directionalAgreement":51.4,"sample":255,"correlationSample":259,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":6.5,"medianWeeksInZone":6.5,"averageWeeksToHigher":5.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"medianReturn":4.2,"averageReturn":4.2,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":15.8,"averageReturn":15.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":29.8,"averageReturn":29.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-3.8,"sample":2},{"week":2,"averageReturn":-4.4,"sample":2},{"week":3,"averageReturn":0.5,"sample":2},{"week":4,"averageReturn":4.2,"sample":2},{"week":5,"averageReturn":3.6,"sample":2},{"week":6,"averageReturn":3.3,"sample":2},{"week":7,"averageReturn":7.6,"sample":2},{"week":8,"averageReturn":4.5,"sample":2},{"week":9,"averageReturn":8.3,"sample":2},{"week":10,"averageReturn":9.2,"sample":2},{"week":11,"averageReturn":12.7,"sample":2},{"week":12,"averageReturn":15.8,"sample":2},{"week":13,"averageReturn":18.5,"sample":2},{"week":14,"averageReturn":19.5,"sample":2},{"week":15,"averageReturn":16.1,"sample":2},{"week":16,"averageReturn":12.9,"sample":2},{"week":17,"averageReturn":12.6,"sample":2},{"week":18,"averageReturn":11.6,"sample":2},{"week":19,"averageReturn":8.7,"sample":2},{"week":20,"averageReturn":5.1,"sample":2},{"week":21,"averageReturn":10.3,"sample":2},{"week":22,"averageReturn":17.1,"sample":2},{"week":23,"averageReturn":19.4,"sample":2},{"week":24,"averageReturn":27.2,"sample":2},{"week":25,"averageReturn":28.3,"sample":2},{"week":26,"averageReturn":29.8,"sample":2}]},"distribution":{"label":"Distribution","episodes":4,"completedEpisodes":4,"activeEpisodes":0,"averageWeeksInZone":3.8,"medianWeeksInZone":4.0,"averageWeeksToLower":2.5,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":4,"expectedCount":2,"expectedPercent":50.0,"medianReturn":-0.3,"averageReturn":-0.2,"confidenceLow":15.0,"confidenceHigh":85.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":4,"expectedCount":4,"expectedPercent":100.0,"medianReturn":-8.8,"averageReturn":-8.2,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-15.2,"averageReturn":-15.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.9,"sample":4},{"week":2,"averageReturn":-1.0,"sample":4},{"week":3,"averageReturn":-1.8,"sample":4},{"week":4,"averageReturn":-0.2,"sample":4},{"week":5,"averageReturn":-4.0,"sample":4},{"week":6,"averageReturn":-4.4,"sample":4},{"week":7,"averageReturn":-2.9,"sample":4},{"week":8,"averageReturn":-7.8,"sample":4},{"week":9,"averageReturn":-6.0,"sample":4},{"week":10,"averageReturn":-5.0,"sample":4},{"week":11,"averageReturn":-8.2,"sample":4},{"week":12,"averageReturn":-8.2,"sample":4},{"week":13,"averageReturn":-6.7,"sample":4},{"week":14,"averageReturn":-10.9,"sample":4},{"week":15,"averageReturn":-10.4,"sample":4},{"week":16,"averageReturn":-9.8,"sample":4},{"week":17,"averageReturn":-11.5,"sample":3},{"week":18,"averageReturn":-14.1,"sample":3},{"week":19,"averageReturn":-11.6,"sample":3},{"week":20,"averageReturn":-12.0,"sample":2},{"week":21,"averageReturn":-10.9,"sample":2},{"week":22,"averageReturn":-11.9,"sample":2},{"week":23,"averageReturn":-16.0,"sample":2},{"week":24,"averageReturn":-16.2,"sample":2},{"week":25,"averageReturn":-15.2,"sample":2},{"week":26,"averageReturn":-15.2,"sample":1}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":21,"completedEpisodes":21,"activeEpisodes":0,"medianExpectedMove":7.6,"averageExpectedMove":11.8,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":21,"expectedCount":9,"expectedPercent":42.9,"averageReturn":0.7,"medianReturn":-0.4,"confidenceLow":24.5,"confidenceHigh":63.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":21,"expectedCount":12,"expectedPercent":57.1,"averageReturn":5.3,"medianReturn":5.3,"confidenceLow":36.5,"confidenceHigh":75.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":20,"expectedCount":13,"expectedPercent":65.0,"averageReturn":9.0,"medianReturn":10.3,"confidenceLow":43.3,"confidenceHigh":81.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.1,"sample":21},{"week":2,"averageReturn":-0.7,"sample":21},{"week":3,"averageReturn":1.8,"sample":21},{"week":4,"averageReturn":0.7,"sample":21},{"week":5,"averageReturn":3.3,"sample":21},{"week":6,"averageReturn":4.1,"sample":21},{"week":7,"averageReturn":4.8,"sample":21},{"week":8,"averageReturn":6.0,"sample":21},{"week":9,"averageReturn":5.7,"sample":21},{"week":10,"averageReturn":6.8,"sample":21},{"week":11,"averageReturn":6.2,"sample":21},{"week":12,"averageReturn":5.3,"sample":21},{"week":13,"averageReturn":5.9,"sample":21},{"week":14,"averageReturn":4.5,"sample":21},{"week":15,"averageReturn":4.8,"sample":21},{"week":16,"averageReturn":4.9,"sample":21},{"week":17,"averageReturn":4.3,"sample":21},{"week":18,"averageReturn":5.7,"sample":21},{"week":19,"averageReturn":5.0,"sample":21},{"week":20,"averageReturn":5.7,"sample":21},{"week":21,"averageReturn":6.5,"sample":21},{"week":22,"averageReturn":6.4,"sample":21},{"week":23,"averageReturn":8.9,"sample":20},{"week":24,"averageReturn":8.3,"sample":20},{"week":25,"averageReturn":8.8,"sample":20},{"week":26,"averageReturn":9.0,"sample":20}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":18,"completedEpisodes":17,"activeEpisodes":1,"medianExpectedMove":12.1,"averageExpectedMove":13.5,"averageWeeksToLargestMove":7.4,"horizons":[{"weeks":4,"sample":17,"expectedCount":9,"expectedPercent":52.9,"averageReturn":0.0,"medianReturn":-1.9,"confidenceLow":31.0,"confidenceHigh":73.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":11,"expectedPercent":64.7,"averageReturn":-4.0,"medianReturn":-2.8,"confidenceLow":41.3,"confidenceHigh":82.7,"confidence":"Mixed historical record"},{"weeks":26,"sample":14,"expectedCount":7,"expectedPercent":50.0,"averageReturn":0.5,"medianReturn":-0.9,"confidenceLow":26.8,"confidenceHigh":73.2,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.2,"sample":18},{"week":2,"averageReturn":-1.0,"sample":18},{"week":3,"averageReturn":-1.0,"sample":17},{"week":4,"averageReturn":0.0,"sample":17},{"week":5,"averageReturn":-1.0,"sample":17},{"week":6,"averageReturn":-1.5,"sample":17},{"week":7,"averageReturn":-3.0,"sample":17},{"week":8,"averageReturn":-1.9,"sample":17},{"week":9,"averageReturn":-3.3,"sample":17},{"week":10,"averageReturn":-4.6,"sample":17},{"week":11,"averageReturn":-3.0,"sample":17},{"week":12,"averageReturn":-4.0,"sample":17},{"week":13,"averageReturn":-4.2,"sample":17},{"week":14,"averageReturn":-2.2,"sample":17},{"week":15,"averageReturn":-1.6,"sample":16},{"week":16,"averageReturn":-0.7,"sample":16},{"week":17,"averageReturn":-2.3,"sample":16},{"week":18,"averageReturn":-1.6,"sample":16},{"week":19,"averageReturn":-0.5,"sample":15},{"week":20,"averageReturn":0.6,"sample":15},{"week":21,"averageReturn":1.8,"sample":14},{"week":22,"averageReturn":1.1,"sample":14},{"week":23,"averageReturn":2.1,"sample":14},{"week":24,"averageReturn":2.2,"sample":14},{"week":25,"averageReturn":1.0,"sample":14},{"week":26,"averageReturn":0.5,"sample":14}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":17,"completedEpisodes":16,"activeEpisodes":1,"medianExpectedMove":12.2,"averageExpectedMove":12.0,"averageWeeksToLargestMove":6.9,"horizons":[{"weeks":4,"sample":17,"expectedCount":8,"expectedPercent":47.1,"averageReturn":0.1,"medianReturn":0.5,"confidenceLow":26.2,"confidenceHigh":69.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":16,"expectedCount":10,"expectedPercent":62.5,"averageReturn":-0.9,"medianReturn":-6.0,"confidenceLow":38.6,"confidenceHigh":81.5,"confidence":"Mixed historical record"},{"weeks":26,"sample":13,"expectedCount":5,"expectedPercent":38.5,"averageReturn":4.0,"medianReturn":7.9,"confidenceLow":17.7,"confidenceHigh":64.5,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.2,"sample":17},{"week":2,"averageReturn":1.0,"sample":17},{"week":3,"averageReturn":0.3,"sample":17},{"week":4,"averageReturn":0.1,"sample":17},{"week":5,"averageReturn":0.7,"sample":16},{"week":6,"averageReturn":1.1,"sample":16},{"week":7,"averageReturn":0.9,"sample":16},{"week":8,"averageReturn":0.1,"sample":16},{"week":9,"averageReturn":-0.2,"sample":16},{"week":10,"averageReturn":0.7,"sample":16},{"week":11,"averageReturn":-1.5,"sample":16},{"week":12,"averageReturn":-0.9,"sample":16},{"week":13,"averageReturn":-2.4,"sample":16},{"week":14,"averageReturn":-2.7,"sample":16},{"week":15,"averageReturn":-2.5,"sample":16},{"week":16,"averageReturn":-2.5,"sample":16},{"week":17,"averageReturn":-1.5,"sample":15},{"week":18,"averageReturn":-2.5,"sample":15},{"week":19,"averageReturn":-2.2,"sample":15},{"week":20,"averageReturn":-0.4,"sample":14},{"week":21,"averageReturn":-0.0,"sample":14},{"week":22,"averageReturn":1.7,"sample":13},{"week":23,"averageReturn":3.8,"sample":13},{"week":24,"averageReturn":3.6,"sample":13},{"week":25,"averageReturn":2.8,"sample":13},{"week":26,"averageReturn":4.0,"sample":13}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":20,"completedEpisodes":20,"activeEpisodes":0,"medianExpectedMove":5.6,"averageExpectedMove":10.9,"averageWeeksToLargestMove":7.8,"horizons":[{"weeks":4,"sample":20,"expectedCount":10,"expectedPercent":50.0,"averageReturn":-0.3,"medianReturn":0.0,"confidenceLow":29.9,"confidenceHigh":70.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":12,"expectedPercent":60.0,"averageReturn":4.7,"medianReturn":1.7,"confidenceLow":38.7,"confidenceHigh":78.1,"confidence":"Mixed historical record"},{"weeks":26,"sample":20,"expectedCount":8,"expectedPercent":40.0,"averageReturn":3.9,"medianReturn":-6.3,"confidenceLow":21.9,"confidenceHigh":61.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":20},{"week":2,"averageReturn":-0.1,"sample":20},{"week":3,"averageReturn":-1.3,"sample":20},{"week":4,"averageReturn":-0.3,"sample":20},{"week":5,"averageReturn":-0.4,"sample":20},{"week":6,"averageReturn":0.7,"sample":20},{"week":7,"averageReturn":1.6,"sample":20},{"week":8,"averageReturn":1.6,"sample":20},{"week":9,"averageReturn":3.9,"sample":20},{"week":10,"averageReturn":3.8,"sample":20},{"week":11,"averageReturn":4.2,"sample":20},{"week":12,"averageReturn":4.7,"sample":20},{"week":13,"averageReturn":4.8,"sample":20},{"week":14,"averageReturn":4.7,"sample":20},{"week":15,"averageReturn":5.8,"sample":20},{"week":16,"averageReturn":5.3,"sample":20},{"week":17,"averageReturn":5.7,"sample":20},{"week":18,"averageReturn":4.3,"sample":20},{"week":19,"averageReturn":3.7,"sample":20},{"week":20,"averageReturn":3.2,"sample":20},{"week":21,"averageReturn":2.1,"sample":20},{"week":22,"averageReturn":3.0,"sample":20},{"week":23,"averageReturn":2.7,"sample":20},{"week":24,"averageReturn":3.0,"sample":20},{"week":25,"averageReturn":4.6,"sample":20},{"week":26,"averageReturn":3.9,"sample":20}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"medianExpectedMove":13.8,"averageExpectedMove":13.5,"averageWeeksToLargestMove":10.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-1.4,"medianReturn":-1.0,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-9.8,"medianReturn":-9.9,"confidenceLow":43.9,"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":0.3,"sample":3},{"week":2,"averageReturn":-1.5,"sample":3},{"week":3,"averageReturn":-3.8,"sample":3},{"week":4,"averageReturn":-1.4,"sample":3},{"week":5,"averageReturn":-3.3,"sample":3},{"week":6,"averageReturn":-5.8,"sample":3},{"week":7,"averageReturn":-6.1,"sample":3},{"week":8,"averageReturn":-9.4,"sample":3},{"week":9,"averageReturn":-7.2,"sample":3},{"week":10,"averageReturn":-8.0,"sample":3},{"week":11,"averageReturn":-12.9,"sample":3},{"week":12,"averageReturn":-9.8,"sample":3},{"week":13,"averageReturn":-11.6,"sample":3},{"week":14,"averageReturn":-13.1,"sample":3},{"week":15,"averageReturn":-13.6,"sample":3},{"week":16,"averageReturn":-15.6,"sample":3},{"week":17,"averageReturn":-15.9,"sample":2},{"week":18,"averageReturn":-16.1,"sample":2},{"week":19,"averageReturn":-16.9,"sample":2},{"week":20,"averageReturn":-12.9,"sample":1},{"week":21,"averageReturn":-13.8,"sample":1},{"week":22,"averageReturn":-16.8,"sample":1},{"week":23,"averageReturn":-19.0,"sample":1},{"week":24,"averageReturn":-18.8,"sample":1},{"week":25,"sample":0},{"week":26,"sample":0}]},"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":"weakening","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":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"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 distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 4 cases. Distinct visits lasted 3.8 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 10.9% across 20 completed cases, with the largest move arriving after 7.8 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":"2026-02-13","price":850.829773},{"date":"2026-03-27","price":855.328857},{"date":"2026-04-17","price":839.432007},{"date":"2026-05-15","price":799.5}],"price_pressure_gaps":[{"date":"2026-02-27","price":886.822571},{"date":"2026-04-03","price":889.322083},{"date":"2026-04-24","price":856.799988}]}},"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":[657.9746,637.9906,651.9794,653.4781,620.1056,640.5925,649.0871,636.0954,659.5804,638.0941,623.6033,638.0941,668.0751,654.5836,666.5761,655.5831,641.5919,629.5995,629.5995,668.5748,611.611,629.0999,606.1144,622.1042,634.5964,630.0992,628.6002,609.6122,580.131,566.1399,587.6262,593.6224,574.6345,549.6504,577.1329,597.2798,605.2769,612.774,615.7729,640.2639,660.7563,656.7578,664.7549,666.7541,674.7512,689.2459,683.7479,686.2469,677.2503,682.2484,684.7475,695.7435,703.7405,649.7604,652.2595,681.2488,674.7512,688.8622,709.3581,711.3577,709.858,731.3537,721.3557,721.3557,744.851,712.8574,742.8514,770.8458,783.3433,829.834,832.3335,844.831,891.3217,903.3193,897.8204,900.8198,878.8242,850.8298,866.8266,886.8226,861.8276,885.8228,876.8246,855.3289,889.3221,884.823,839.432,856.8,893.8,867.6,799.5,848.0,791.5,795.0,784.5,738.5,756.0,772.0,756.0,772.0,764.0,737.5,718.0,720.0],"consensus":[22.9573,0.0,38.4482,17.1803,-25.9911,34.0165,25.771,-8.8698,44.4587,-20.0971,-23.8796,20.223,39.2134,0.0,32.4674,0.0,-23.7565,-27.1223,-16.8485,42.0364,-55.0762,9.5324,-44.4985,8.0537,16.9343,-15.8015,0.0,-35.7959,-57.6178,-45.3817,0.0,0.0,-39.3484,-46.2194,0.0,24.0097,21.0892,19.5594,23.3143,51.7244,52.1644,24.213,39.2488,32.1472,32.0782,41.4062,12.9418,29.8236,0.0,9.4529,0.0,34.0959,39.276,-43.6487,-10.2131,26.8444,-11.1943,30.7947,47.4436,22.5332,14.9082,49.8499,0.0,15.5598,45.2423,-26.1477,47.6222,54.1152,45.5684,75.3381,44.3808,48.886,75.296,57.2159,38.038,35.2567,0.0,-22.9351,14.5022,22.7612,-17.0685,39.0152,0.0,-18.8594,38.3469,0.0,-42.057,0.0,39.3196,-22.2667,-57.7331,18.2259,-60.7248,-29.8055,-22.2724,-62.5735,-18.1374,-22.0567,-33.6704,0.0,-21.1032,-51.4446,-47.6224,-33.9202],"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":[41.7236,-39.0671,-1.7764,37.7063,-5.3656,28.8013,47.8121,18.8031,6.6041,51.5218,0.0,14.7586,40.1515,-28.1718,50.9957,53.9078,47.3197,78.623,43.5358,49.7155,75.0877,55.6204,37.5916,28.6631,0.0,-18.6672,20.9969,27.6834,-15.8733,40.5622,0.0,-13.4164,42.412,0.0,-40.9436,0.0,46.2656,-22.3977,-58.5403,27.2619,-61.1485,-24.9162,-16.0873,-61.105,-7.9348,-20.6605,-32.2088,0.0,-25.1814,-48.5602,-48.3383,-32.1555],"force":[32.8319,-67.866,-3.3889,45.4656,-20.9226,37.7644,53.7997,7.6131,1.6039,51.3759,0.0,3.5134,55.2915,-54.4898,60.7517,59.969,36.1019,87.3192,19.7754,27.5797,85.4036,45.5049,2.1555,8.9087,0.0,-56.56,14.6967,20.3131,-43.5757,47.3242,0.0,-30.1213,49.2587,0.0,-56.1303,0.0,59.9769,-39.3621,-69.4857,48.8404,-69.4991,-8.3973,-5.5843,-63.2532,-12.933,-0.7418,-18.0091,0.0,-14.3738,-62.3948,-40.2182,-11.6412],"direction":[41.0818,-31.5867,-29.5709,1.1298,-10.9068,28.0945,42.4824,37.4534,36.193,46.849,0.0,25.08,43.8823,-3.59,34.3886,50.1708,50.3286,63.0259,62.9217,63.1567,68.3142,67.4044,64.1784,61.6123,0.0,-3.795,6.9409,18.8846,-0.4993,31.3122,0.0,-17.0357,25.907,0.0,-33.2771,0.0,16.6261,-9.9058,-48.4159,13.9685,-53.9732,-50.6848,-41.2612,-63.7664,-51.9908,-39.937,-46.5274,0.0,-21.249,-46.9195,-52.0929,-51.8505],"intensity":[17.3077,100.0,96.1538,76.9231,51.9231,30.7692,55.7692,28.8462,3.8462,61.5385,42.3077,28.8462,73.0769,82.6923,78.8462,84.6154,82.6923,94.2308,90.3846,36.5385,94.2308,57.6923,5.7692,48.0769,88.4615,76.9231,50.0,75.0,84.6154,59.6154,88.4615,90.3846,78.8462,73.0769,98.0769,34.6154,84.6154,57.6923,100.0,92.3077,96.1538,92.3077,34.6154,82.6923,26.9231,48.0769,38.4615,51.9231,5.7692,51.9231,80.7692,1.9231],"confirmation":[80.3346,82.7754,26.3719,54.3255,49.3008,78.0971,83.3701,52.1461,27.4028,83.973,5.4811,49.9575,82.8614,54.5335,83.5878,85.4984,82.2667,92.4233,81.4648,82.9815,92.4059,85.9765,56.4187,78.5796,6.9624,53.7624,49.881,75.134,51.7278,80.7145,4.3039,74.4612,80.5416,2.7963,81.9041,49.8561,81.106,75.6443,86.8205,32.2742,87.6929,76.9598,52.0462,88.0666,7.7716,51.8762,78.3195,5.0067,74.4858,84.8399,83.0026,86.2024],"persistence":[75.0,50.0,25.0,25.0,12.5,12.5,25.0,25.0,25.0,50.0,62.5,62.5,87.5,62.5,62.5,62.5,62.5,62.5,75.0,75.0,75.0,100.0,100.0,100.0,87.5,62.5,62.5,62.5,37.5,37.5,25.0,0.0,12.5,25.0,0.0,12.5,12.5,12.5,25.0,0.0,25.0,37.5,37.5,50.0,75.0,75.0,75.0,87.5,87.5,87.5,87.5,87.5],"assessmentRisk":[30.2447,26.2047,42.9245,46.4073,40.292,33.1096,26.0286,34.7292,40.1324,23.845,24.5125,15.5679,24.2337,20.7728,18.5108,22.5256,26.0924,12.3304,27.7989,25.5082,12.3478,21.3011,30.7515,31.9186,26.1545,37.1249,51.7137,40.1312,23.1242,25.8367,23.3785,35.3618,22.2562,2.2535,25.4553,0.7517,11.0268,17.8923,14.1097,21.9073,19.3001,33.4147,9.2261,18.4793,28.2757,17.4983,16.4477,34.8562,22.1322,14.0874,17.9533,30.9416],"volumeParticipation":true,"latest":{"consensus":-33.9,"control":-32.2,"force":-11.6,"direction":-51.9,"confirmation":86.2,"persistence":87.5,"assessmentRisk":30.9,"intensity":1.9,"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":"Commitment is limited","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-33.9","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-32.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-11.6","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-51.9","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":"38.1","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.8%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"21.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"5%","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":[657.9746,637.9906,651.9794,653.4781,620.1056,640.5925,649.0871,636.0954,659.5804,638.0941,623.6033,638.0941,668.0751,654.5836,666.5761,655.5831,641.5919,629.5995,629.5995,668.5748,611.611,629.0999,606.1144,622.1042,634.5964,630.0992,628.6002,609.6122,580.131,566.1399,587.6262,593.6224,574.6345,549.6504,577.1329,597.2798,605.2769,612.774,615.7729,640.2639,660.7563,656.7578,664.7549,666.7541,674.7512,689.2459,683.7479,686.2469,677.2503,682.2484,684.7475,695.7435,703.7405,649.7604,652.2595,681.2488,674.7512,688.8622,709.3581,711.3577,709.858,731.3537,721.3557,721.3557,744.851,712.8574,742.8514,770.8458,783.3433,829.834,832.3335,844.831,891.3217,903.3193,897.8204,900.8198,878.8242,850.8298,866.8266,886.8226,861.8276,885.8228,876.8246,855.3289,889.3221,884.823,839.432,856.8,893.8,867.6,799.5,848.0,791.5,795.0,784.5,738.5,756.0,772.0,756.0,772.0,764.0,737.5,718.0,720.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[606.9404,612.5859,619.7484,625.881,624.831,627.6967,631.5859,632.4058,637.3466,637.4825,634.959,635.5291,641.4465,643.8351,647.9698,649.354,647.9427,644.6076,641.8789,646.7327,640.3469,638.302,632.4497,630.5687,631.301,631.0825,630.6312,626.8095,618.3225,608.8348,604.9787,602.9139,597.7722,589.0228,586.861,588.7553,591.7592,595.5801,599.2515,606.7083,616.5352,623.8484,631.286,637.7347,644.465,652.607,658.269,663.3559,665.8821,668.8578,671.7468,676.1099,681.1336,675.4294,671.2167,673.0407,673.3517,676.1718,682.2057,687.506,691.57,698.8034,702.9038,706.2587,713.2755,713.1995,718.5907,728.0916,738.1374,754.8095,768.9048,782.7095,802.4572,820.7958,834.8002,846.8038,852.6257,852.2991,854.9405,860.7372,860.9355,865.4604,867.5266,865.3089,869.6749,872.4291,866.4296,864.6788,869.9736,869.542,856.8071,855.2058,843.6229,834.7824,825.6401,809.7965,800.0153,794.9216,787.845,784.9641,781.1524,773.2156,763.1764,755.3261],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[556.0511,562.1207,568.7769,575.0511,578.3885,582.9962,587.8918,591.4624,596.5082,599.5886,601.3675,604.088,608.8278,612.2171,616.2437,619.1577,620.8195,621.4699,622.0721,625.5167,624.4867,624.8284,623.4422,623.3431,624.1766,624.6153,624.9105,623.7773,620.5443,616.5143,614.3744,612.8373,610.0074,605.5365,603.4326,602.9768,603.1472,603.8603,604.7427,607.3739,611.3281,614.6933,618.4016,621.9832,625.892,630.5849,634.5229,638.3543,641.2355,644.2735,647.2715,650.8621,654.779,654.4072,654.2481,656.2482,657.6188,659.9331,663.5942,667.1323,670.2971,674.8198,678.2669,681.4587,686.1544,688.1324,692.1857,698.0123,704.3331,713.6295,722.4224,731.4897,743.3291,755.1802,765.7462,775.7516,783.3866,788.3824,794.1931,801.0545,805.5562,811.5019,816.3406,819.2286,824.4207,828.895,829.6755,831.6847,836.2859,838.6054,835.7087,836.6192,833.277,830.4417,827.0386,820.4802,815.7039,812.4666,808.2838,805.5962,802.515,797.699,791.7954,786.4772],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[674.6683,684.4922,694.1542,703.7711,707.9361,714.2845,721.154,722.7305,727.4339,724.8644,717.1657,712.0456,699.483,693.2608,687.222,673.2594,673.1883,673.5884,673.9234,674.5414,675.3366,675.4473,676.6914,675.544,675.2572,675.0026,674.0086,674.8719,676.9345,682.1386,683.4301,682.9305,678.9032,679.279,672.4153,666.2465,662.3905,660.6346,659.0642,652.1158,660.556,665.4949,673.5585,680.2861,687.0024,696.7614,704.5435,712.9262,718.2398,722.0099,726.6276,732.3064,736.1166,727.2374,721.113,718.6734,715.0736,712.4126,711.5716,714.2608,717.9346,725.6246,730.0576,733.8206,742.4995,744.2228,750.8888,763.3875,776.7424,800.9809,820.9227,840.7847,869.6006,893.537,911.2938,928.2685,937.2658,940.8816,946.5202,953.4228,954.6711,959.1788,959.4232,955.1058,955.1637,944.8759,933.2717,924.4029,917.2077,915.0248,921.4863,921.3223,926.5182,926.2904,926.4335,931.7309,933.1643,933.9271,933.6073,927.7957,924.9771,919.2553,915.0298,911.9086],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[434.2917,437.2722,443.8272,447.7994,452.3375,454.7925,456.7764,468.9294,478.3753,495.3736,516.5917,534.0124,564.2017,581.1261,597.8671,621.083,620.8147,619.2259,617.8519,617.5445,612.113,611.1132,605.2826,603.2926,605.0284,604.2338,603.179,599.6674,589.6598,577.2603,572.3712,568.4236,563.1068,552.2376,550.157,550.4955,550.72,550.7934,550.9811,555.0984,551.5728,549.3997,547.2001,544.9375,542.2367,538.3923,536.125,535.4058,539.8041,547.6449,552.7393,557.2726,566.373,585.2632,598.9002,609.7368,620.284,630.5538,640.7533,645.1735,646.4099,646.1794,647.4065,649.1037,647.4348,648.0726,647.317,643.2782,640.5326,631.0526,625.8694,620.9162,610.8584,612.2778,619.0772,624.0595,635.4696,648.0505,658.1587,668.8027,682.7513,693.6905,708.993,726.7078,741.0969,768.5813,789.8436,807.3077,825.5486,831.5082,821.7633,822.2442,807.0661,796.462,784.9869,763.4575,749.7417,741.0958,730.3331,724.6624,717.6983,708.5877,696.9308,686.5191],"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":[24.0859,19.5103,24.7716,23.135,16.9695,18.828,20.1605,17.3764,19.3816,16.3975,14.1811,17.616,22.4506,16.3939,17.4428,14.6695,11.868,12.2397,10.9114,16.1477,5.7679,5.2066,1.2201,1.6378,2.948,1.398,1.5196,-3.4367,-6.8152,-8.6689,-5.5307,-4.8419,-1.2486,-4.5982,-3.7957,-2.2805,-3.1995,-1.6828,-2.7894,0.3333,2.5598,0.803,1.4827,2.3106,2.8152,4.4318,2.0018,1.6043,-1.0464,0.3355,0.4821,1.7159,0.9618,-5.2893,-4.924,-1.3591,-1.5395,-0.1455,0.6834,1.693,2.3498,2.3085,0.218,0.696,3.9699,1.2781,3.6848,8.1641,10.0112,13.439,13.879,14.5478,18.3539,18.213,18.0342,17.0088,12.2028,7.5776,6.9024,6.799,9.6343,12.3595,14.4774,10.6454,9.4972,6.874,0.5321,5.1652,9.4431,7.2486,-0.9851,2.1152,-4.1832,-3.4324,-5.6462,-10.1469,-9.1799,-8.6135,-8.8598,-7.7578,-9.8003,-13.8308,-16.1703,-14.5646],"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":"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":[40.9435,41.181,42.0136,42.3068,39.3921,38.294,37.6748,35.724,35.6619,33.4928,30.2558,28.5308,29.2458,28.3965,28.3642,27.1386,24.7531,21.6453,18.9638,19.7559,15.6072,13.5741,9.9929,8.3488,7.9621,7.2096,6.4183,4.2105,0.081,-4.2714,-5.9187,-6.6636,-8.6859,-12.1645,-12.5588,-11.1175,-9.2236,-7.0367,-5.0038,-1.4004,3.0735,6.2247,9.2605,11.693,14.1035,16.9876,18.6151,19.8773,19.9221,20.1289,20.2608,21.0105,21.9963,18.2119,15.2388,15.0482,14.2091,14.5155,16.2251,17.5391,18.2491,20.3121,20.8995,21.1214,22.9289,21.5315,22.584,25.3845,28.2862,33.9459,38.1927,42.0817,48.3577,53.6808,56.8009,58.8374,58.0078,54.4636,52.3423,51.6789,48.5763,47.506,45.4083,41.5326,40.7345,39.286,34.0826,31.0029,31.1883,28.8881,21.3242,19.0241,12.4981,7.5218,2.6998,-4.7785,-9.1871,-11.26,-14.0322,-14.7678,-15.814,-18.5675,-22.0687,-24.4008],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[26.1137,29.1271,31.7044,33.8249,34.9383,35.6095,36.0225,35.9628,35.9026,35.4207,34.3877,33.2163,32.4222,31.6171,30.9665,30.2009,29.1114,27.6181,25.8873,24.661,22.8502,20.995,18.7946,16.7055,14.9568,13.4073,12.0095,10.4497,8.376,5.8465,3.4935,1.462,-0.5676,-2.8869,-4.8213,-6.0806,-6.7092,-6.7747,-6.4205,-5.4165,-3.7185,-1.7299,0.4682,2.7132,4.9913,7.3905,9.6354,11.6838,13.3315,14.6909,15.8049,16.846,17.8761,17.9433,17.4024,16.9315,16.3871,16.0127,16.0552,16.352,16.7314,17.4475,18.1379,18.7346,19.5735,19.9651,20.4889,21.468,22.8316,25.0545,27.6821,30.5621,34.1212,38.0331,41.7867,45.1968,47.759,49.1,49.7484,50.1345,49.8229,49.3595,48.5693,47.1619,45.8764,44.5584,42.4632,40.1711,38.3746,36.4773,33.4467,30.5621,26.9493,23.0638,18.991,14.2371,9.5523,5.3898,1.5054,-1.7492,-4.5622,-7.3632,-10.3043,-13.1236],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[14.8298,12.0538,10.3092,8.4819,4.4538,2.6845,1.6523,-0.2388,-0.2407,-1.9278,-4.1319,-4.6855,-3.1764,-3.2206,-2.6023,-3.0623,-4.3583,-5.9728,-6.9235,-4.9051,-7.243,-7.4209,-8.8017,-8.3566,-6.9947,-6.1977,-5.5912,-6.2392,-8.295,-10.1179,-9.4122,-8.1256,-8.1184,-9.2775,-7.7375,-5.037,-2.5145,-0.262,1.4167,4.0161,6.792,7.9545,8.7923,8.9798,9.1123,9.5971,8.9796,8.1935,6.5906,5.4379,4.4559,4.1644,4.1202,0.2687,-2.1636,-1.8833,-2.1779,-1.4973,0.1699,1.1871,1.5177,2.8646,2.7615,2.3868,3.3554,1.5664,2.0952,3.9165,5.4545,8.8914,10.5106,11.5197,14.2365,15.6477,15.0143,13.6406,10.2488,5.3637,2.5939,1.5444,-1.2466,-1.8535,-3.1609,-5.6293,-5.142,-5.2723,-8.3806,-9.1682,-7.1863,-7.5892,-12.1224,-11.5381,-14.4513,-15.542,-16.2913,-19.0156,-18.7393,-16.6498,-15.5376,-13.0186,-11.2519,-11.2042,-11.7644,-11.2772],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"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":[92.2855,81.2384,87.6448,88.3098,71.1471,81.0518,85.2472,78.7324,90.3189,79.5843,72.3446,79.5843,88.9617,82.6206,88.2572,82.7486,76.0397,70.0597,70.0597,86.3165,46.3404,57.3636,6.0439,29.7979,42.4243,37.8788,36.3636,17.1717,8.9796,6.6914,22.6765,27.1376,13.0111,9.8413,27.3015,40.1014,45.1821,49.9453,55.9346,72.72,90.1613,86.2814,91.9095,92.3421,91.2419,86.6029,83.5327,84.9282,79.9043,76.9002,78.198,83.9081,88.0608,60.0297,61.3274,76.3812,73.0071,80.3347,90.978,91.2438,87.7433,97.4022,80.8212,80.8212,87.4258,66.0463,86.0191,95.1575,93.3959,99.311,96.8986,95.2617,96.3568,96.182,94.356,94.4117,87.1797,77.9753,83.235,83.7936,74.5026,81.3818,77.7574,67.3307,80.1653,78.3058,59.5454,66.1645,81.7138,70.3922,41.3447,61.9871,31.3686,20.7014,5.562,4.1001,12.5415,20.2593,12.5415,20.2593,16.4004,4.9926,4.3609,5.233],"stroke":"#10243b","width":2.0},{"label":"From high","values":[-3.0905,-6.0338,-3.9735,-3.7528,-8.668,-5.6506,-4.3995,-6.313,-2.854,-6.0186,-8.1529,-6.0186,-3.396,-5.3468,-3.6127,-5.2023,-7.2254,-8.9595,-8.9595,-3.3237,-11.5607,-9.0318,-12.3555,-10.0434,-8.237,-8.8873,-9.1041,-11.8497,-16.1127,-18.1358,-15.0289,-14.1618,-16.9075,-20.5202,-16.5463,-13.633,-12.4766,-11.3925,-9.4541,-5.8529,-2.0479,-2.8825,-1.6999,-1.6224,-1.9608,-3.3637,-4.1345,-3.7842,-5.0455,-6.121,-5.7772,-4.2641,-3.1637,-10.5915,-10.2476,-6.2586,-7.1527,-5.211,-2.3907,-2.1155,-2.6731,-0.51,-3.8,-3.8,-2.4869,-6.6754,-2.7487,-1.027,-1.5085,-0.1804,-0.8338,-1.3427,-1.1641,-1.2568,-1.8579,-1.8519,-4.2484,-7.2985,-5.5556,-5.3867,-8.0533,-5.4933,-6.4533,-8.7467,-5.12,-5.6,-10.4427,-8.5897,-4.6423,-7.4375,-14.7029,-9.5286,-15.5564,-15.183,-16.3033,-21.2109,-19.3439,-17.6369,-19.3439,-17.6369,-18.4904,-21.3176,-23.398,-23.1846],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[61.681,38.5129,41.55,41.7524,30.5528,34.4418,36.2246,33.2364,37.7571,33.2695,30.243,33.2695,39.5312,36.7134,39.2181,35.7275,32.8308,29.918,29.918,27.6925,12.7255,15.4174,0.9151,4.9747,7.0826,6.3238,6.0708,2.8668,1.9315,1.6143,5.4708,6.5471,3.139,2.8999,8.0449,11.8166,13.3137,14.7173,15.2787,19.8636,23.7,22.9515,24.4486,24.8229,26.32,29.0335,28.0043,28.4721,26.7878,27.7235,28.1914,30.2499,31.7471,21.6415,22.1093,27.5364,26.32,28.9617,32.7987,29.068,24.4732,23.7941,19.9703,19.9703,21.5539,16.1625,21.0501,25.6119,27.6484,35.2242,35.6315,37.668,45.2438,47.1989,46.3028,46.7916,43.2073,38.6455,41.2523,41.7172,34.3952,34.0619,31.7806,24.6176,27.8936,27.2466,20.7189,22.512,27.8025,23.6145,13.8306,20.7359,9.1943,4.9022,1.1605,1.1644,3.5616,5.7534,3.5616,5.7534,4.6575,1.4443,1.4124,1.6949],"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":"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":[44.1078,75.3236,58.7833,47.2478,65.9495,112.3374,77.0553,73.4921,105.1161,74.0387,108.9208,86.2625,131.1096,122.2832,155.6144,63.1304,82.0961,145.5506,16.0922,26.6157,101.4266,80.1104,75.9606,252.1897,240.4941,150.1464,67.6215,137.2574,195.4705,81.2477,176.5144,107.3138,92.8049,114.3644,33.8679,55.7417,177.6904,58.789,128.3558,66.9461,107.9171,75.7611,67.5915,120.6329,110.9004,104.9076,95.0169,60.6865,108.1538,109.9502,96.9752,46.7794,104.9822,89.7277,74.9703,70.5452,97.3507,91.5108,107.3947,65.0351,69.5746,78.7132,111.3415,72.6985,135.4911,70.2171,93.8742,106.0982,94.5594,132.7098,59.4224,30.6945,139.6852,185.5667,172.5122,93.825,80.7272,94.5259,98.8443,80.9518,90.9692,68.451,81.1965,78.3794,60.2289,59.0557,58.6073,68.3811,106.511,57.12,64.7914,64.1502,65.0894,7.739,71.4963,99.9727,26.5437,20.2099,29.2924,136.9671,106.3674,151.1789,101.8469,146.4428],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[130.251,128.8522,129.9243,130.7212,129.6144,131.5619,132.777,131.6634,133.266,132.1453,130.452,131.7799,133.8545,131.933,134.4902,133.4538,132.1385,129.9223,129.9223,130.281,128.8864,129.9754,128.9443,132.7466,135.0,132.596,131.516,129.2405,125.8143,124.3752,127.6482,129.6792,127.9336,125.7631,126.3749,127.3825,130.7853,131.8812,134.4231,135.0,135.0,133.5323,134.8559,135.0,135.0,135.0,133.4972,134.4312,132.825,134.4873,135.0,135.0,135.0,133.8521,134.8314,135.0,133.8045,134.9451,135.0,135.0,134.2273,135.0,133.762,133.762,135.0,134.2784,135.0,135.0,135.0,135.0,135.0,135.0,135.0,135.0,133.5138,134.3275,133.6366,132.8309,133.6648,134.351,133.5731,134.1542,133.4784,132.8252,133.3061,132.8382,132.3834,132.9013,133.7094,133.2954,132.8258,133.2981,132.84,132.8887,132.4768,131.9133,132.0556,132.1569,132.0203,132.6552,132.1782,131.4922,131.0415,131.6891],"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"]},{"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":[-18.7814,-21.2482,-19.5214,-19.3364,-23.4558,-20.927,-19.8784,-21.4821,-18.5832,-21.2354,-23.0241,-21.2354,-17.5346,-19.2,-17.7196,-19.0766,-20.8036,-22.2839,-22.2839,-17.4729,-24.5044,-22.3456,-25.1829,-23.2091,-21.6671,-22.2223,-22.4073,-24.7511,-28.3902,-30.1172,-27.465,-26.7248,-29.0687,-32.1526,-28.7603,-26.2734,-25.2863,-24.3608,-23.9906,-20.9675,-18.438,-18.9316,-17.9444,-17.6977,-16.7105,-14.9214,-15.6,-15.2915,-16.402,-15.7851,-15.4766,-14.1193,-13.1322,-19.7953,-19.4868,-15.9085,-16.7105,-14.9687,-12.4387,-12.1919,-12.377,-9.7237,-10.9578,-10.9578,-8.0576,-12.0068,-8.3044,-4.8489,-3.3062,0.0,0.0,0.0,0.0,0.0,-0.6087,-0.2767,-2.7117,-5.8107,-4.0398,-1.8262,-4.5932,-1.9369,-2.933,-5.3127,-1.5495,-2.0476,-7.0725,-5.1498,-1.0538,-3.9542,-11.4931,-6.124,-12.3787,-11.9913,-13.1536,-18.246,-16.3087,-14.5374,-16.3087,-14.5374,-15.423,-18.3567,-20.5154,-20.294],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[40.1465,34.9425,37.9013,35.1068,28.207,32.4427,32.898,30.238,35.0465,30.6472,27.6803,30.6472,36.7857,34.0234,36.4788,34.228,30.456,28.0175,14.9822,19.4837,8.6245,2.8595,0.0,2.6381,4.6991,3.9571,3.7098,0.5771,0.0,0.0,3.7952,4.8544,1.5004,0.0,5.0,8.6654,10.1203,11.4843,12.0299,16.4857,20.2139,19.4865,20.9414,21.3051,22.7601,25.3971,24.3969,24.8515,23.2147,24.1241,24.5787,26.5793,28.0342,18.2134,18.6681,23.9422,22.7601,25.3273,29.0562,23.2572,18.8485,20.8296,17.7197,17.1464,16.335,9.7108,14.327,18.6354,20.5588,27.7138,28.0985,30.0219,37.177,39.0234,38.1771,38.6388,35.2536,30.9451,33.4071,35.9616,27.7252,31.2814,27.2859,20.5779,25.2817,24.6479,17.756,20.1923,25.3827,21.7074,12.1543,14.1547,2.6794,1.4881,0.0,0.0,2.3697,4.5362,2.3697,4.5362,3.4529,0.0,0.0,0.2786],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/7d8fdad0-74c7-46af-a3bc-70c46227f5e6/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/7d8fdad0-74c7-46af-a3bc-70c46227f5e6/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/7d8fdad0-74c7-46af-a3bc-70c46227f5e6/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/7d8fdad0-74c7-46af-a3bc-70c46227f5e6/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/7d8fdad0-74c7-46af-a3bc-70c46227f5e6/technical-pack/data.json"},"source_fingerprint":"2ea70bf16117e8ebbadbe5a2c1faa500c95da0ac6e022a837874899eddd643d7","content_hash":"19dc60f1f448a22c4dab99d06f22a91e9a0a3f82be776eef3ee46b8f3e5a5372","citation":"Sharemaestro, DRX Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/7d8fdad0-74c7-46af-a3bc-70c46227f5e6/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."}